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CNN —Since September 1, the Ukrainian capital Kyiv has been spared from Russian drone attacks on just one night – October 14. On Saturday night, Ukrainian air defenses detected a record 145 incoming Shahed drones. “We have been doing this for over two years,” he said, but the intensity of drone attacks had peaked over the past two to three months. The drone attacks seem calculated to instil fear rather than cause mass casualties, but several people have been killed in recent weeks. Russian forces already occupy almost all of Luhansk and substantial parts of Donetsk, Zaporizhzhia and Kherson – altogether some 20% of Ukraine.

Persons: Viktoria Kovalchuk, Teo, ” Kovalchuk, Victoria Kovalchuk, Kovalchuk, Maksym, ”, Bridges, Konstantin Usov, don’t, Usov, Yuriy Chumak, Chumak, “, Mariya Troyanivska, Oleksander Syrskyi, Genya Savilov, Konrad Muzyka, Muzyka, Syrskyi, ” Muzyka, Lloyd Austin, Stringer, Reuters Rym, Montaz, Richard Haass, ” Haas, Andrii Sybiha, Donald Trump’s, Trump, JD Vance, Volodymyr Zelensky, hasn’t Organizations: CNN, Ukraine’s, Kyiv International Institute of Sociology, 43 Artillery Brigade, Getty, Rochan Consulting, US, Reuters, Carnegie Endowment, International, Kyiv, Russian, Foreign Affairs, Kherson –, NATO Locations: Ukrainian, Kyiv, Ukraine, Europe, Kharkiv, Zaporizhzhia, Russian, Donetsk, Dnipro, Pokrovsk, AFP, Kursk, Russia, Toretsk, Washington, Luhansk, Kherson, “, Moscow

☆ I moved to NYC from Denmark. I may have left one of the 'happiest' countries in the world, but New York is more exciting.
▼ + stars: | 2024-10-11 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +6 min

Denmark is among the happiest countries in the world, but Davies said New York is more exciting. AdvertisementThis as-told-to essay is based on a transcribed conversation with Joanna Davies, 30, about moving from Denmark to New York. Denmark was a safe place to live with a lot of welfare support, but I've found a more exciting destination in New York. New York feels especially different from Denmark's strong welfare system. Denmark may be one of the 'happiest' places to live, but New York is more excitingDenmark is known as one of the happiest countries in the world.

Persons: Joanna Davies, Davies, —, Denmark's, I've, Denmark I'd, — It's, New York hasn't, There's Organizations: Service, Aarhus University, Columbia University, Business Locations: New York, Denmark, London, Aarhus, America, New York . New York, Manhattan, Central, New York New York

☆ Nuclear fusion: Scientists just set a new energy record in a step toward unleashing the limitless, clean energy source
▼ + stars: | 2024-02-08 | by ( Angela Dewan | ) edition.cnn.com time to read: +4 min

London CNN —Scientists and engineers near the English city of Oxford have set a nuclear fusion energy record, they announced Thursday, bringing the clean, futuristic power source another step closer to reality. To generate fusion energy, the team raised temperatures in the machine to 150 million degrees Celsius — around 10 times hotter than the core of the sun. An animation showing how tokamaks generate nuclear fusion energy. “Our successful demonstration of operational scenarios for future fusion machines like ITER and DEMO, validated by the new energy record, instil greater confidence in the development of fusion energy,” Fasoli said in a statement. A view of Torus Hall, where the JET tokamak machine lies.

Persons: Ambrogio Fasoli, ” Fasoli, Aneeqa Khan, Khan, ”, Copernicus Organizations: London CNN —, CNN, JET, EUROfusion, United Kingdom Atomic Energy Authority, University of Manchester Locations: Oxford, France

[1/3] The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. Beijing needs to pull "multiple levers" at the same time to address the "vulnerabilities" in the financial system, local government financing, as well as consumer sentiment, said Edward Al-Hussainy, head of emerging market fixed income research at Columbia Threadneedle, which owns Country Garden bonds. China property sector slumpShoring up confidence is the biggest challenge facing Beijing and is key to getting homebuyers spending again, which analysts says isn't likely to happen soon given an uncertain economic outlook. Reuters reported last week that Chinese authorities have asked domestic financial behemoth Ping An Insurance Group to take a controlling stake in Country Garden. "You need to fix the macro environment first; if you don't earn enough how do you buy a property?," said Xu, whose firm holds China property dollar bonds.

Persons: Aly, Edward Al, isn't, Morgan Stanley, Ping, Ping An, Elliot Hentov, Steven Xu, Xu, Raymond Cheng, Goldman Sachs, Clare Jim, Davide Barbuscia, Karin Strohecker, Summer Zhen, Rae Wee, Sumeet Chatterjee Organizations: Shanghai Country Garden, REUTERS, HONG KONG, Columbia, Reuters, HK, Economic Work Conference, Reuters Graphics, HIT, Insurance Group, State Street Global Advisors, Country, Harmonia, Bloomberg, China, CIBM Securities, Thomson Locations: Shanghai, China, HONG, Beijing, outflows, Hong Kong, New York, London, Singapore

☆ Chinese authorities crack down on dogs after a Rottweiler mauls a toddler. But some say they’ve gone too far
▼ + stars: | 2023-10-31 | by ( Chris Lau | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —A shocking video of a Rottweiler mauling a 2-year-old girl in China has prompted a crackdown by local authorities on stray dogs that some argue has now gone too far. Since then, local authorities in a raft of provinces including Shandong, Jiangxi, Yunnan, Hunan, Anhui have stepped up law enforcement, some more heavy-handed than others. Stray dogs are the main targets, but pets who are unleashed can also be subject to control measures. The country is home to 40 million stray dogs, according to the 2021 China Pet Industry white paper. In defense of stray dogsThis is not the first time Chinese authorities have been accused of being heavy-handed with animals.

Persons: netizens, ”, Kevin Frayer, Xiao Huang, Shepherd, Cya Liu, “, Bo Ai Organizations: Hong Kong CNN, Authorities, Weibo, Industry, Beijing, Hong Kong, Bo Ai Animal Protection Locations: Hong Kong, China, Chongzhou, China’s, Sichuan, Shandong, Jiangxi, Yunnan, Hunan, Anhui, Beijing, Yanzhou, Chongqing, Weibo, Shanghai, Guangyuan

☆ Javier Milei wants Argentina to swap the peso for the US dollar. Here's what that would mean
▼ + stars: | 2023-10-23 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

For years, Argentinians have preferred to pay for many goods and services in greenbacks, rather than with their own collapsing currency, as part of an informal “blue dollar” currency market. To dollarize its economy, Argentina would need to exchange all pesos held by its people and businesses for US dollars, and assign a dollar value to all of its assets and contracts. The Fed would continue to set the cost of borrowing based on the needs of the US economy, not Argentina’s. Practical headacheThere’s another significant snag in Milei’s plan: Argentina doesn’t have enough dollars to ditch the peso. “People would need to take wheelbarrows of cash to convert to dollars,” Sabatini said.

Persons: Javier Milei, Sergio Massa, Argentina’s, JP Morgan, Argentinians, Milei, Natacha, Matias Baglietto, Reuters “ That’s, ” Christopher Sabatini, Kimberley Sperrfechter, ” Sperrfechter, It’s, ” Sabatini, Luis Robayo, Sabatini, ” Organizations: London CNN, National Institute of Statistics, Argentina’s, US Federal Reserve, Economic, Reuters, America, Chatham House, CNN, Capital Economics, International Monetary Fund, Getty, IMF Locations: Argentina, greenbacks, Washington, El Salvador, Panama, Ecuador, United States, Buenos Aires, AFP

☆ Israeli police crack down on Arab citizens expressing solidarity with Gaza
▼ + stars: | 2023-10-20 | by ( Henriette Chacar | ) www.reuters.com time to read: +5 min

Civil rights lawyers say Israeli authorities are interpreting any expressions of solidarity with Palestinians in Gaza as incitement. Police said Abu Amneh, who has over 300,000 followers on Instagram, was promoting hate speech and incitement, something she denies. CLOSE SCRUTINYArabs in Israel - Palestinian by heritage and Israeli by citizenship - make up some 20% of the population. Israeli authorities are interpreting any sympathy for the people of Gaza as support for terror, she said. At least 100 Arab citizens have been detained, most on allegations of incitement and support for terror over social media posts, said the Haifa-based centre for Arab minority rights Adalah, citing data from the State Attorney's office.

Persons: Dalal Abu Amneh, Abu Amneh, Kobi Shabtai, ahlan, Shabtai, Israel, Abeer Baker, We're, Baker, Hassan Jabareen, Eli Levy, Levy, Adalah's, Crispian Balmer, Gareth Jones Organizations: Police, State, Nazi, Palestinian, Thomson Locations: Israel, Gaza, Haifa

☆ The love affair of a retired Australian architect with the Opera House
▼ + stars: | 2023-10-18 | by ( Stefica Nicol Bikes | ) www.reuters.com time to read: +2 min

SYDNEY, Oct 18 (Reuters) - Immediately recognisable by its sails glistening over the waters of Sydney Harbour, the UNESCO-listed Sydney Opera House is one of the world’s most photographed buildings. [1/4]Former architect and tour guide Peter Sekules poses for a photo at the Sydney Opera House in Sydney, Australia September 29, 2023. Sekules says he tried to instil that philosophy when he decided to start his architectural career working alongside Australian architect Peter Hall, who took over the Opera House project after Utzon resigned. According to the Sydney Opera House, more than 10.9 million people visit the building every year. The Sydney Opera House was added to UNESCO's World Heritage List in 2007.

Persons: Peter Sekules, Sekules, Jorn Utzon, Alasdair Pal, Utzon, Peter Hall, Queen Elizabeth II Organizations: SYDNEY, UNESCO, Sydney Opera, Sydney Opera House, Reuters, Sydney Opera House Concert, REUTERS, Opera House, Opera, Stefica Bikes, Thomson Locations: Sydney Harbour, Denmark, Sydney, Australia

☆ Australian Voice referendum: Australians vote No in referendum that promised change but couldn't deliver
▼ + stars: | 2023-10-14 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +7 min

“It is as Australians together that we must take our country beyond this debate without forgetting why we had it in the first place. “This is a referendum we should never had had because it was built on a lie that Aboriginal people do not have a voice,” he told the Australian Broadcasting Corporation. Yes campaigner Marilyn Trad told CNN that volunteers making calls to prospective voters had to break the news to some – this week – that there was indeed a referendum. The result means no constitutional change, but the referendum will have lasting consequences for the entire nation, according to experts. “So that power, to change, to modernize, to update the constitution has been put in the hands of the Australian people.

Persons: Anthony Albanese, ”, Warren Mundine, –, Martin Ollman, MC Hammer, John Farnham, “, Marilyn Trad, Kevin Argus, Argus, Mick Tsikas, Australia’s, Pat Dodson, ” “ We’ve, ” Maree Teesson, Teesson, Paula Gerber Organizations: Australia CNN —, Nations, Australian Electoral Commission, CNN, Sky News, SBS, Torres Straight Islanders, Torres Strait, ”, First Nations, Australian Broadcasting Corporation, Constitutional, Royal Melbourne Institute of Technology, RMIT, House, National Press Club, Aboriginal, Matilda Center for Research, Mental Health, University of Sydney, Law, Monash University Locations: Brisbane, Australia, Canberra, Old

In short, Russia’s children are being prepared for war. Education Minister Sergei Kravtsov said recently that there are now about 10,000 so-called “military-patriotic” clubs in Russian schools and colleges, and a quarter-of-a-million people take part in their work. There are mandatory classes on military-patriotic values; updated history books accentuate Russian military triumphs. President Putin has personally led the campaign to inject patriotism into Russia’s schools. That message - hammered home by the president and state media - is now being taken into Russia’s schools.

Persons: Sergei Kravtsov, Vladimir Putin, ’, ”, ” Putin, Ukraine “, Putin, “, Vyacheslav Gladkov, Uliana Shumelova, schooler, Sergei Shoigu, Shoigu, Daria, Vladimir, Ukraine –, Buryatia, She’d, It’s Organizations: CNN, Education, Security, Defense, Education Ministry, Novosti, RIA Novosti, Russia, Kremlin, Educational, Ministry of Defense, Air Defense, United, ”, Northern Military District, Military Sports Games, Defense Ministry, Armed Forces Russian Federation Locations: Pacific, Ukraine, Moscow, Russian, Russia, Crimea, Ukrainian, stoke, Belgorod, Krasnodar, Vologda, Sakhalin, Russia’s Far, Yeysk, Azov, Astrakhan, United Russia, Vladivostok, Voronezh, Ussuriysk, Buryatia, Chita trumpeted, Orenburg, Polish, Perm, State

☆ Explainer: What has changed in Iran one year since Mahsa Amini protests erupted?
▼ + stars: | 2023-09-16 | by ( Parisa Hafezi | ) www.reuters.com time to read: +5 min

A photo of Mahsa Amini is pictured at a condolence meeting organised by students and activists from Delhi University in support of anti-regime protests in Iran following the death of Mahsa Amini, in New Delhi, India, September 26, 2022. Protests began soon after the Sept. 16 death of Kurdish Iranian woman Mahsa Amini, 22, who had been arrested by morality police three days earlier for allegedly violating Iran's mandatory Islamic dress code. But as the protests fizzled they returned to streets and surveillance cameras were installed to identify and penalise unveiled women. Outside Iran, Western countries imposed new sanctions on security forces and on dozens of Iranian officials over the protests, further straining already difficult ties. Journalists, lawyers, activists, students, academics, artists, public figures and family members of killed protesters, especially among ethnic minorities, have been targeted in recent weeks.

Persons: Mahsa, Anushree, Mahsa Amini, Saqez, Amini's, Ayatollah Ali Khamenei, Amini, penalise, Iran's, Parisa Hafezi, Angus McDowall, William Maclean Organizations: Delhi University, REUTERS, Rights, schoolgirls, Authorities, Security, Revolutionary Guards, Journalists, Thomson Locations: Iran, New Delhi, India, Rights DUBAI, Tehran ., Islamic Republic, Baluchis, U.S, Israel

☆ State of China's property market is 'very concerning,' analyst says
▼ + stars: | 2023-09-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailState of China's property market is 'very concerning,' analyst saysLorraine Tan, Morningstar's director of Asia equity research, says property measures are positive but "not enough to really instil full confidence."

Persons: Lorraine Tan Organizations: State Locations: China's, Asia

☆ What has changed in Iran one year since Mahsa Amini protests erupted?
▼ + stars: | 2023-09-11 | by ( Parisa Hafezi | ) www.reuters.com time to read: +5 min

Persons: Mahsa, Anushree, Mahsa Amini, Saqez, Amini's, Ayatollah Ali Khamenei, Amini, penalise, Parisa Hafezi, Angus McDowall, William Maclean Organizations: Delhi University, REUTERS, Rights, schoolgirls, Authorities, Security, Revolutionary Guards, Journalists, Thomson Locations: Iran, New Delhi, India, Rights DUBAI, Tehran ., Islamic Republic, Baluchis, U.S, Israel

Participants march with a banner with rainbow colours during the annual pride parade in Hong Kong, China, November 7, 2015. "Hong Kong has a real opportunity to take the lead here and give a clear message," said Gigi Chao, the vice chair of listed Hong Kong property firm Cheuk Nang Holdings and a prominent gay rights advocate in Asia. "WAKE UP"Business groups in Hong Kong, Singapore and Japan have become increasingly vocal in making the case that Asia's leading economies must do more to encourage diversity. A poll this year by Kyodo news agency of just over 1,500 people showed that nearly 70 percent supported same-sex marriage. While corporates rarely lobby Asian governments directly on LGBTQ rights, activists say they show their support through sponsorship of LGBTQ events and Pride-themed marketing.

Persons: Bobby Yip, Janet Ledger, Jimmy Sham, Asia's, Gigi Chao, Chao, Kida, Kiyong Shim, Dyson, Nomura, Kathy Teo, Singapore's, they're, Teo, Revolut, Jessie Pang, Justin Fung, Xinghui, Hyonhee Shin, Hyunsu Yim, Miral Organizations: REUTERS, Kong's, Community Business, Gay Games, Nang Holdings, Reuters, American Chamber of Commerce, Fortune, Kyodo, Liberal Democratic Party, EY, FINANCE, Rights Watch, Gallup, WeWork, Standard Chartered Bank ., Google, IBM, Thomson Locations: Hong Kong, China, HONG KONG, TOKYO, Tokyo, Singapore, Asia, Taiwan, Nepal, India, South Korea, York, Japan, EY Japan, Korea, Seoul, Standard Chartered Bank . Singapore, Xinghui Kok

☆ Prayers, parties, student shows planned in India for moon landing
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +3 min

[1/3] Arun Haryani, an enthusiast with his body painted in tri-colours reacts as he holds up a model of LVM3 M4 which was used in launching of Chandrayaan-3 spacecraft on the eve of its moon landing, in Ahmedabad, India. REUTERS/Amit Dave Acquire Licensing RightsNEW DELHI, Aug 22 (Reuters) - Excitement rose in India on Tuesday on the eve of a much-anticipated moon landing, with prayers held for its success, schools marshalling students to watch a live telecast of the event and space enthusiasts organising parties to celebrate. India's second attempt to land on the moon after a failure in 2019 is being seen as a display of the tenacity of its scientific institutions. Authorities and educators also hope it will encourage scientific inquiry among millions of students in the world's most populous country. Students have sent scores of messages wishing ISRO luck for a successful landing, the agency said.

Persons: Arun Haryani, Amit Dave, Narendra Modi, Narottam Sahoo, Srikant, Nivedita, Saurabh Sharma, Nag Choudhury, Sumit Khanna, Sunil Kataria, Krishn Kaushik, YP Rajesh, Raju Gopalakrishnan Organizations: REUTERS, DELHI, Indian Space Research, ISRO, Reuters, Operations, YP, Thomson Locations: Ahmedabad, India, Russian, Uttar Pradesh, Gujarat, Kolkata, Mumbai, Varanasi, Bengaluru, Lucknow, New Delhi

Francis was speaking in Lisbon at the start of a five-day visit to the country in which he hopes to energize young Catholics during World Youth Day, the world's largest Catholic festival. The Vatican added the victims were accompanied by some representatives of institutions of the Portuguese Church responsible for the protection of minors. YOUNG CATHOLICS CONVERGE ON LISBONThe pope landed in Lisbon to a sea of young Catholics who have poured into the city from around the globe for the World Youth Day festival, held every two or three years in a different city. In Lisbon, young believers jumped and sang as they proudly waved their country's flag outside the Vatican embassy, where the pope is residing. REUTERS/Guglielmo MangiapaneWorld Youth Day "is a sign of faith and union in which all of us get together for a cause," said 20-year-old Carlos Hernandez.

Persons: Pope, Francis, Pope Francis, Guglielmo Mangiapane, Carlos Hernandez, Australian Andrew De Santos, Marcelo Rebelo de Sousa, Philip Pullella, Catarina Demony, Patricia Rua, Alison Williams, Conor Humphries, Grant McCool Organizations: Catholic, Wednesday, Catholic Church, Vatican, Bishops, Conference, Cultural, Belem, REUTERS, Sunday, Thomson Locations: Portugal, LISBON, Lisbon, Portuguese, Vatican, Australian, Brazil, Rome, Ukraine, Europe

[1/8] Pope Francis speaks as he meets with authorities, civil society and the diplomatic corps in the Cultural Centre of Belem during his apostolic journey to Portugal on the occasion of the XXXVII World Youth Day, in Lisbon, Portugal, August 2, 2023. REUTERS/Guglielmo MangiapaneLISBON, Aug 2 (Reuters) - Pope Francis promised on Wednesday to continue to "stir things up" in the Catholic Church as he moves on with reforms and changes that could leave a lasting legacy. The 86-year-old pope is making his first trip since intestinal surgery in June and uses a wheelchair and cane. A huge billboard raising awareness of clerical sexual abuse was put up overnight in Lisbon hours before Francis' arrival. Francis will also visit Fatima, the town north of Lisbon where the Church believes that the Virgin Mary appeared to three poor shepherd children in 1917.

Persons: Pope Francis, Guglielmo Mangiapane LISBON, Francis, Marcelo Rebelo de Sousa, Filipa Almeida, Almeida, Coracao Silenciado, Fatima, Virgin Mary, Philip Pullella, Catarina Demony, Patricia Rua, Alexandra Hudson, Alison Williams Organizations: Cultural, Belem, REUTERS, Catholic Church, Sunday, Thomson Locations: Portugal, Lisbon, Rome, Brazil, Ukraine, Europe, Western

There, under his calming gaze and soft-spoken reassurances, Sudanese refugees and returning South Sudanese wait as aid workers and local women ladle through steel pots filled with lentils and porridge. Kueaa Darhok fled Khartoum with his family when fighting broke out and is now a community leader at the Renk transit camp near the South Sudan border. CNNSet up a week into the fighting in Sudan, when desperate families arrived seeking shelter, the Renk transit camp near the border of South Sudan and Sudan was not supposed to hold more than 3,000 people. Now at least 800,000 South Sudanese have been driven back by the fighting in Sudan. CNNUN appeal for aidTo respond to the Sudan crisis, the UN needs $253 million, with the South Sudan response alone in need of $96 million.

Persons: Kueaa Darhok, Chinua Achebe, instil, ” Darhok, Darhok, Charlotte Hallqvist, Hallqvist, it’s Organizations: South Sudan CNN, South Sudanese, CNN, Sudanese, CNN Fighting, UN, Sudan’s Armed Forces, Rapid Support Forces, United Nations Refugee Agency, UNHCR, CNN UN, Sudan, United Nations, African Union, European Union Locations: South Sudan, Sudan, Darhok, Khartoum, Republic of Sudan, Renk, Arab Republic of Egypt, Federal Republic of Germany, State, Qatar, Kingdom of Saudi Arabia

☆ A third of young men in Germany think violence against women is ‘acceptable,’ study finds
▼ + stars: | 2023-06-11 | by ( Sophie Tanno | ) edition.cnn.com time to read: +2 min

CNN —A third of young men in Germany find it acceptable to use violence against women, according to a new survey which has caused outrage among gender equality campaigners. The survey was commissioned by children’s charity Plan International Germany. A group of 1,000 men and 1,000 women aged 18-35 from across Germany were asked to give their views on masculinity for the study, which was carried out online. The survey also found that expectations within a relationship differed greatly between men and women. A German group called the Federal Organization for Equality wrote on Twitter that the findings were “shocking.”“According to a survey by Plan International Germany, every third young man finds violence against women ‘acceptable’.

Persons: –, ” Karsten Kassner Organizations: CNN, Westdeutsche Allgemeine Zeitung, Federal Organization, Equality, Twitter, Plan International Germany, Federal, Federal Criminal Police Locations: Germany, femicide, Europe

CNN —Iran executed at least 582 people last year, a 75% increase on the previous year, according to human rights groups who say the rise reflects an effort by Tehran to “instill fear” among anti-regime protesters. It was the highest number of executions in the Islamic republic since 2015, according to a report released Thursday by the Norway-based Iran Human Rights (IHR) and the France-based Together Against the Death Penalty (ECPM) groups. The vast majority of the executions – at least 544 – were of people accused of murder and drug-related offenses, said the report. “Iran’s authorities demonstrated how crucial the death penalty is to instill societal fear in order to hold onto power,” the report said. The human rights report said they were charged with “corruption on Earth.”Dozens of other protesters have received death sentences in recent months.

☆ Fact Check-Video purporting to show Soviet-era tanks shipped from Russia to Ukraine dates to at least 2019
▼ + stars: | 2023-03-24 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

A video purporting to show Soviet-era tanks being shipped from Russia to battle in Ukraine is being circulated online, but the clip predates Russia’s invasion of its neighbour and is unrelated. Designed before World War II, these antiques will quickly become food for Leopards,” said one Twitter user sharing the footage on March 22 (here ). However, an online search of still images taken from the clip reveals that it dates to at least Jan. 18, 2019, three years before Russia invaded Ukraine. The Russian Embassy in Laos posted about the transfer of 30 T-34 tanks on Jan. 10, 2019 (here ). Video purporting to show Soviet World War Two tanks being shipped from Russia to Ukraine in March 2023 can be traced back to 2019.

A supervisory source told Reuters that redeeming AT1 bonds is a good way to instil confidence in markets if banks have enough capital, which the source said is the case for UniCredit. AT1 bonds are the riskiest type of debt banks can issue, ranking immediately after equity in the event of losses. The decision has disrupted the $275 billion AT1 bond market, which had already seen yields rise in the wake of recent U.S. banking failures. European rules require lenders to put in a request to supervisors to call an AT1 bond at least three months before the due date. AT1 bonds emerged in the wake of the global financial crisis as a way to build up bank capital and absorb losses.

☆ World stocks cautiously higher ahead of high stakes Fed decision
▼ + stars: | 2023-03-22 | by ( Dhara Ranasinghe | ) www.reuters.com time to read: +4 min

[1/5] A man shelters under an umbrella as he walks past the London Stock Exchange in London, Britain, August 24, 2015. Data showing British inflation unexpectedly rose to 10.4% in February boosted expectations for a quarter point rate hike at Thursday's Bank of England meeting, lifting sterling. While London's FTSE stock index dipped (.FTSE), European stock markets more broadly edged higher (.STOXX) while Asia-Pacific shares outside Japan (.MIAPJ0000PUS) added 1.3%. The spotlight was firmly on the Fed, which concludes a two-day meeting later on Wednesday. "Plus, delivery of a 25 bps hike still means the Fed is tightening, there is likely at least another hike to come."

☆ Asia hopes for best on banks, much rests with Fed
▼ + stars: | 2023-03-22 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

Efforts by U.S. Treasury Secretary Janet Yellen to calm nerves seemed to be working with bank shares rallying overnight. The unease left both S&P 500 futures and Nasdaq futures barely changed. EUROSTOXX 50 futures edged up 0.2%, while FTSE futures rose 0.1%. All of which puts the Fed in a tough position as it decides whether to raise interest rates later today. Two-year Treasury yields were hesitating at 4.13%, having made a remarkable round-trip from 5.085% to 3.635% in just nine sessions.

☆ Asia shares hope for best as Fed decides on rates
▼ + stars: | 2023-03-22 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

Efforts by U.S. Treasury Secretary Janet Yellen to calm nerves seemed to be working with bank shares rallying overnight. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) added 0.9%, with Chinese blue chips (.CSI300) up 0.3%. All of which puts the Fed in a tough position as it decides whether to raise interest rates later today. Two-year Treasury yields were hesitating at 4.14%, having made a remarkable round-trip from 5.085% to 3.635% in just nine sessions. German two-year yields overnight recording the biggest daily jump since 2008 as markets went back to pricing in more ECB hikes.

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