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Boeing announced sweeping cost cuts on Monday, including a hiring freeze, a pause on nonessential staff travel and a reduction on supplier spending to preserve cash as it deals with a strike of more than 30,000 factory workers. Boeing factory workers, mostly in the Seattle area, started walking off the job early Friday after overwhelmingly rejecting a tentative labor deal, halting most of Boeing’s aircraft production. It was the first clear sign of how the strike will affect the hundreds of suppliers that rely on Boeing work. The financial impact of the strike will depend on how long it lasts, but Boeing is focused on conserving cash, West said at a Morgan Stanley conference Friday. On Friday, Moody’s put all of Boeing’s credit ratings on review for a downgrade and Fitch Ratings said a prolonged strike could put Boeing at risk of a downgrade.
Persons: Brian West, ” West, West, Morgan Stanley, Kelly Ortberg, Moody’s Organizations: Boeing, Morgan, Fitch Locations: Seattle
CNN —With a massive ongoing strike, Boeing is making some temporary cutbacks that could hit non-union staff hard. Boeing Chief Financial Officer Brian West on Monday announced the company is instituting a freeze on hiring and non-essential travel, and it will consider furloughs for employees, managers, and executives. The company is temporarily restricting first-class and business travel, including for Boeing executives – although the company didn’t comment on whether top brass will still be able to use private corporate jets. West’s memo was a direct response to the ongoing strike with the International Association of Machinists and Aerospace Workers union. The company will also reduce charitable contributions, stop catering at Boeing facilities, and pause participation in trade shows and events.
Persons: Brian West, ” West, West, , Fitch, Moody’s Organizations: CNN, Boeing, Monday, International Association of Machinists, Aerospace Workers
Here’s what to know:When do voting by mail and early voting start? In some states, mail ballots must be in the hands of election officials before polls close, but others will count ballots that arrive after Election Day if they were postmarked earlier. About a quarter of voters cast ballots in person before Election Day, and about a quarter of voters cast ballots in person on Election Day, according to that survey. Some states will not be as accommodating of early or mail-in voting in 2024. Alaska and Rhode Island are unique because they only allow Election Day registration in the presidential election.
Persons: CNN — It’s, Robert F, Kennedy Jr, Donald Trump, Kamala Harris, Trump, Sen, JD Vance, Tim Walz, SSRS, Joe Biden, Biden, I’m, you’re Organizations: CNN, District of Columbia, Minnesota Gov, Pew Research Center, Trump voters, Pew, Social, Voting Locations: North Carolina, Alabama, Wisconsin, Washington, Minnesota , South Dakota, Virginia, Ohio, Trump, Pennsylvania, Rhode, Alaska
New York CNN —Radio host Andrea Lawful-Sanders has resigned from WURD Radio after admitting her post-debate interview with President Joe Biden included questions that were pre-selected by Biden’s campaign team, the station told CNN Sunday. “As a result, Ms. Lawful-Sanders and WURD Radio have mutually agreed to part ways, effective immediately.”WURD is Pennsylvania’s only Black-owned talk radio station. In an interview Saturday with CNN’s Victor Blackwell, she said those questions were part of eight that were recommended to her by Biden aides ahead of the interview. Biden’s debate performance has left many top Democrats wringing their hands in frustration and concern amid talk that he should not accept the party’s nomination. The Biden campaign said later Saturday it will no longer suggest questions to interviewers.
Persons: Andrea, Sanders, Joe Biden, , ” Sara Lomax, Lomax, Black, , Biden, CNN’s Victor Blackwell, what’s, Blackwell, Earl Ingram, The Earl Ingram, Biden “, ” “ It’s, he’d, Lauren Hitt Organizations: New, New York CNN — Radio, WURD Radio, CNN, White, Radio, Biden, Democrats Locations: New York, Philadelphia, Milwaukee
The Philadelphia radio station WURD has parted ways with a host who interviewed President Biden on Wednesday using questions provided to her by the Biden campaign, after the station said the interview violated its journalistic independence. WURD said in a statement on Sunday that “agreeing to a predetermined set of questions jeopardizes” its listeners’ trust. The host, Andrea Lawful-Sanders, resigned in a mutual agreement, according to WURD. Ms. Lawful-Sanders asked Mr. Biden questions that could be considered softballs in his first interview with a journalist since his uneasy debate performance the previous week. The station said the interview and questions were independently arranged by the host for her program, “The Source.” Ms. Lawful-Sanders did not respond to a request for comment.
Persons: Biden, WURD, , jeopardizes, Andrea, Sanders, Mr Locations: Philadelphia
With Monday’s Supreme Court presidential immunity ruling likely preventing a trial in the federal election subversion case before the election, Trump is poised to avoid pre-election trials in the three most significant criminal prosecutions he faces. It will determine Trump’s legal fate. A Supreme Court ruling that hamstrings the DC federal subversion caseThe charges by special counsel Jack Smith alleging Trump subverted the 2020 election was the second to last of the four cases brought. “You can’t charge a former president for a crime for the first time in history without going to Supreme Court,” Cobb said. But the new Supreme Court immunity standard jeopardizes the use of much of that conduct in the case.
Persons: Donald Trump, Trump, won’t, , Ty Cobb, , ” Cobb, pardoning, Fani Willis, Paul Rosenzweig, Bill Clinton, Jamie Raskin, ” Raskin, Jack Smith, Tanya Chutkan’s, Smith, Smith’s, Cobb, John Roberts, Rosenzweig, Aileen Cannon, Cannon, She’s, she’s, she’d, Willis, Nathan Wade, it’s, Wade, Nathan Wade's, Kaitlan Collins, Fulton, Scott McAfee, Michael Moore, Moore, Barack Obama, ” Moore, CNN’s Lauren Fox, Zachary Cohen Organizations: CNN, Republican White House, Trump, Fulton, Department of Homeland Security, Maryland Democrat, DC, DC Circuit, White, Justice Department Locations: Manhattan, Russia, Georgia, Florida, , Fulton County
CNN —A major Supreme Court ruling Friday that shifted power from the executive branch to the judiciary stands to transform how the federal government works. By overturning a 1984 precedent, the court’s conservative majority has made countless regulations vulnerable to legal challenge. The Supreme Court ruling could boost efforts by conservatives who have taken aim at the Biden Environmental Protection Agency’s rules limiting planet-warming pollution from vehicles, oil and gas wells and pipelines, and power plants. The ruling has injected legal uncertainty into regulations of all types, including those on technology, labor, the environment and health care. But the Supreme Court has yet to decide a case heard this term that might gut that limitation.
Persons: , Kent Barnett, , Thomas Berry, John Roberts, Roberts, Elena Kagan, Sonia Sotomayor, Joe Biden, Shawn ThewPool, Adam Rust, ” Rust, Andrew Schwartzman, Alexander MacDonald, ” MacDonald, Sharon Block, ” Block, Biden, Andrew Twinamatsiko, ” Twinamatsiko, , Paul Gallant, TD Cowen, David Vladeck, Chevron —, Ann Carlson, Carlson, David Doniger Organizations: CNN, Biden, University of Georgia School of Law, Chevron, Natural Resources Defense, Republican, Democratic, Cato Institute . Chief, State of, Consumer, Consumer Financial Protection Bureau, Federal Trade Commission, Consumer Federation of America, , Supreme, Securities, Exchange Commission, Benton Institute for Broadband & Society, Department of Labor, National Labor Relations Board, Opportunity Commission, Harvard Law School, Center, Labor, American Cancer Society, US Food and Drug Administration, US Department of Health, Human Services, Medicare, Services, Medicaid, Human Services Department, HHS, O’Neill Institute for National, Global Health Law, Georgetown University, FDA, Federal Communications Commission, EPA, National, Traffic Safety Administration, University of California, Natural Resources Defense Council Locations: Obamacare, Chevron, State, Washington , DC, Texas, Littler, Los Angeles
The Supreme Court ruled on Thursday that members of the wealthy Sackler family cannot be shielded from lawsuits over their role in the opioid crisis as part of a bankruptcy settlement that would channel billions of dollars to victims and their families. In a 5-to-4 decision, written by Justice Neil M. Gorsuch, a majority of the justices held that the federal bankruptcy code does not authorize a liability shield for third parties in bankruptcy agreements. Justice Gorsuch was joined by Justices Clarence Thomas, Samuel A. Alito Jr., Amy Coney Barrett and Ketanji Brown Jackson. In a strongly worded dissent, Justice Brett M. Kavanaugh wrote that the “decision is wrong on the law and devastating for more than 100,000 opioid victims and their families.” He was joined by Chief Justice John G. Roberts Jr. and Justices Sonia Sotomayor and Elena Kagan. The decision jeopardizes a carefully negotiated settlement Purdue and the Sacklers had reached in which members of the family promised to give up to $6 billion to states, local governments, tribes and individuals to address a devastating public health crisis.
Persons: Sackler, Justice Neil M, Gorsuch, Clarence Thomas, Samuel A, Alito Jr, Amy Coney Barrett, Ketanji Brown Jackson, Brett M, Kavanaugh, John G, Roberts Jr, Sonia Sotomayor, Elena Kagan Organizations: Chief, Purdue
One expert said eVTOLs fly at low altitudes and could create airspace and security challenges. The US's first electric vertical-takeoff and -landing aircraft are expected to fly commercial passengers as soon as 2025. It still needs further approvals to fly for airlines like United, but the latest certificate puts it one step closer. Archer's Midnight aircraft are typically shorter range, with the Midnight flying up to 100 miles on one charge. Joby plans to use the four urban vertiports as a citywide commercial eVTOL air link around Dubai.
Persons: eVTOLs, , Archer, Bryan Bernhard, Bernhard, Archer's, Pete Syme, Henry Harteveldt, Joby, Rani Plaut, Harteveldt, Bernard, Archer Aviation's, Archer Aviation Bernhard Organizations: Infrastructure, Service, Royal Aeronautical Society, American Airlines, United Airlines, Virgin Atlantic Airways, US Air Force, JPMorgan, Newark Liberty International, O'Hare International, Archer, Midnight, Joby Aviation, FAA, NASA, Joby, Air, Delta Air Lines, Federal Aviation, Archer Aviation Locations: Manhattan, New Jersey, Chicago's, Henry, Dubai, Japan, New York City, San Francisco, Washington, London, Paris
Novak Djokovic out of French Open with knee injury
  + stars: | 2024-06-04 | by ( Matthew Futterman | ) www.nytimes.com   time to read: +4 min
World No 1 Novak Djokovic has withdrawn from the French Open with a knee injury sustained in his round of 16 win against Argentine 23rd seed Francisco Cerundolo. Although Djokovic was able to get through on painkillers and adrenaline, the extent of the problem is too great for him to continue. If Djokovic chooses to undergo surgery on the tear, he would likely miss not just Wimbledon, which begins on July 1, but also the Olympic Games and US Open later this summer. Djokovic said Monday night, after another of his miraculous comebacks, that he had been experiencing pain in his right knee for several weeks. As of Tuesday evening in Paris, there was no decision yet on whether Djokovic would undergo surgery to repair the meniscus.
Persons: Novak Djokovic, Francisco Cerundolo, Roland Garros, , Casper Ruud, Djokovic, Ruud, Alex de Minaur, Alexander Zverev, Matthew Futterman, hasn’t, He’s, He’d Organizations: Argentine, French Tennis Federation, Norwegian, Olympic Games, Athletic, Wimbledon Locations: Serbian, Paris
Stocks are in a "late secular bull market," BofA's Michael Hartnett said in a Friday research note. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe bull market that's pushed stock prices higher for the past year and a half will probably end in tears, Bank of America's Michael Hartnett warned. Equities are in a "late secular bull market" that likely "ends with [a] bubble and/or recession," the bank's chief investment strategist wrote in a Friday research note seen by Business Insider. Hartnett's bearish stance clashes with the view held by BofA's head of US equity and quantitative strategy, Savita Subramanian, who has predicted that stocks' bull market will last.
Persons: BofA's Michael Hartnett, , of America's Michael Hartnett, Hartnett's, Hartnett, Marko Kolanovic, BofA's, Savita Subramanian, stagflation Organizations: Service, of America's, Business, JPMorgan
JPMorgan says the recent stock rebound driven by robust earnings masks looming stagflationary risks. The soft landing narrative is challenged by the first-quarter GDP report. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe recent rally in the stock market, bolstered by a wave of upbeat earnings, is glossing over a host of risks raised by the latest economic data points, JPMorgan said this week. Jamie Dimon and other experts are sounding the alarm, saying the US might be headed for a 1970s-style scenario, complete with a stock market crash.
Persons: , JPMorgan's Marko Kolanovic, Kolanovic, hasn't, Jamie Dimon Organizations: JPMorgan, Service, Microsoft
mary zieglerWell, I think it’s much easier to ban abortion than it is to enforce a criminal law against abortion. mary zieglerNo, I think that’s right. If our abortion politics don’t reflect our abortion views, what does that tell us about the health of the democracy? We’ve seen upwards of 10 states — I think it’s 14 or 15 that have changed their definition of abortion in abortion restrictive states since Dobbs. So, the idea is that abortions that are presented as life saving either are not abortions or are simply pretexts for abortion that’s elective.
Persons: ezra klein, Ezra Klein, , overturns Roe, Wade, we’ve, Dobbs, Mary Ziegler, mary ziegler, Roe, they’ve, they’re, didn’t, isn’t, , We’ve, ezra klein Let’s, mifepristone, Z, They’re, mary ziegler That’s, Comstock, hasn’t, it’s, ezra klein There’s, Kate Cox, kate cox, mary ziegler —, she’d, there’s, you’ll, don’t, you’re, You’re, That’s, I’ve, I’m, they’ll, Ezra, you’ve, that’s, There’s, what’s, Joe Biden, Bill Clinton, You’ve, It’s, Lindsey Graham, Chuck Schumer, Hakeem Jeffries, Trump, mary ziegler There’s, Glenn Youngkin, Glenn Youngkin’s, mary ziegler It’s, we’re, Donald Trump, Roger Severino, Gene Hamilton, Hamilton isn’t, He’s, Stephen Miller’s, Jonathan Mitchell, Biden, — there’s, Josh Prager’s, Jennifer Holland, Daniel K, Williams, Wade ”, Linda Greenhouse, Reva Siegel, ezra klein Mary Ziegler Organizations: New York, Alabama, Republican, U.S, Supreme, for Life, Environmental Protection Agency, mifepristone, and Drug Administration, Republicans, State, Washington State Patrol, Democratic, Catholic Democrat, Wall Street, Act, Virginia Republicans, Republican Party, Leadership, Heritage Foundation, Health, Human Services Department, Trump, Washington Post, New York Times, HHS, Human Services, Department of Justice, Court Locations: Alabama, America, St, Louis , Missouri, East St, Louis , Illinois, Dobbs, Ohio, United States, Texas, mary ziegler — Texas, Kansas, Austin, Houston, Dallas, Florida, Miami, Jacksonville, Tampa, New York, California, Vermont, New Jersey, Missouri, Idaho, Virginia, Colorado, Roe
Judges in Trump-related cases face unprecedented wave of threats
  + stars: | 2024-02-29 | by ( ) www.cnbc.com   time to read: +20 min
These broadsides frequently trigger surges in threats against the judges, prosecutors and other court officials he targets, Reuters found. In that time, serious threats against federal judges alone have more than doubled, from 220 in 2020 to 457 in 2023, as Reuters reported on Feb. 13. For judges, threats have always been part of the job. Over the last four years, the Marshals investigated more than 1,200 threats against federal judges that they considered serious, according to the data provided to Reuters. Among the 57 federal prosecutions Reuters identified during that period, 47 involved threats against federal judges, six involved threats against state judges, and four involved threats against both.
Persons: Royce Lamberth, Barrett Prettyman, Evelyn Hockstein, Lamberth, Donald Trump, Ronald Reagan, Trump, – Trump, , ” Royce, Maureen O'Connor, Ronald Davis, stoked, Brett Kavanaugh, Nicholas John Roske, Lewis Kaplan, E, Jean Carroll's, Kaplan, “ Donald Trump, ” Maureen O’Connor, they've, Richard Sullivan, Indiana, Gonzalo Curiel, Curiel, James Robart, Robart, Jon Trainum, Attorney Alvin Bragg, Trump's, Alvin, Bragg, Judge Arthur Engoron, Jefferson Siegel, Arthur Engoron, Tanya Chutkan, Jack, I'm, Chutkan, Smith, Abigail Jo Shry, Derrick Watson, Watson, Patriots.Win, Reggie Walton, Barrett, Elizabeth Frantz, Walton, Jan, Carl Caulk Organizations: District, Reuters, U.S, Capitol, Republican, Trump, U.S . Marshals Service, Marshals Service, ” Royce Lamberth U.S, Ohio Supreme, U.S . Justice Department, Justice Department, Federal Bureau of Investigation, The, FBI, Washington , D.C, Marshals, ” Maureen O’Connor Ohio Supreme, underpins, Trump University, Manhattan, Attorney, AFP, Getty, New York, Washington D.C, Federal Locations: Washington , U.S, al Qaeda, Idaho, Washington ,, New York, ” Maureen O’Connor Ohio, U.S, Mexico, United States, Manhattan, Washington, Texas, Hawaii, Tennessee, New Jersey, Arizona
Not fun.”Many scientists who study the intersection of climate change, flooding, winter storms and sea level rise agree the kind of damage Levy experienced was more of a sign of things to come than an anomaly. Climate change is forecast to bring more hurricanes to the Northeast as waters warm, some scientists say. In the Northeast, the problem of climate change is especially acute because of forecasted sea level rise here, said Hannah Baranes, a coastal scientist with the Gulf of Maine Research Institute's Climate Center in Portland, Maine. “This is a real moment to consider how much flooding is in several feet of sea level rise,” Baranes said. Vermont, which also suffered heavy damage in Hurricane Irene in 2011, is working to establish statewide floodplain standards, Moore told the Maine Climate Council.
Persons: Haim Levy, ” Levy, “ It's, Levy, Hannah Baranes, it's, Baranes, , ” Baranes, Joe Biden, Patrick Keliher, Janet Mills, , we've, ” Mills, We're, Julie Moore, Hurricane Irene, Moore, hasn't, Irene, Laura Dwyer, Dwyer, Conrad Ferla, Ferla, Charles Krupa, Rodrique Ngowi, ___, Patrick Whittle, @pxwhittle Organizations: Haim, United Nations, European Union, of, state's Department of Marine Resources, Democratic, Maine Climate Council, Vermont Agency of Natural, Coastal Resources Management, Associated Press Locations: PORTLAND, Maine, Hampton , New Hampshire, New Hampshire, New Jersey, Massachusetts, of Maine, Portland , Maine, New England, Vermont Agency of Natural Resources . Vermont, Hurricane, Vermont, , North Wildwood, Rhode Island, Narragansett , Rhode Island, South Kingstown
WASHINGTON (AP) — The massive $118 billion Senate border bill not only contains once-in-a-decade border security legislation and wartime aid to Israel and Ukraine, but also offers a chance for the U.S. to keep its promise to Afghans who worked alongside U.S. soldiers in America’s longest war. Tucked inside the sprawling package is a measure that would provide a long-awaited pathway to residency for tens of thousands of Afghan refugees who arrived in the U.S. on military planes after the chaotic withdrawal from Afghanistan in August 2021. Conservatives have said the package does not go far enough in limiting the number of daily migrant crossings at the southern border. Both Republican and Democratic senators and their staff worked to bridge the divide and produce legislative text that both sides could support. Republican leaders in the House have declared the bill a non-starter, and even passage through the Senate, where the deal was negotiated, is an uphill climb.
Persons: there’s, Democratic Sen, Chris Coons, , they’ve, Shawn VanDiver Organizations: WASHINGTON, U.S, Congressional Hispanic Caucus, Republican, Democratic, Associated Press, Allies, Navy, Senate, State Department Locations: Israel, Ukraine, America’s, U.S, Afghanistan, Kabul, Cuba, Vietnam, Iraq, Chris Coons of Delaware, United States
Washington CNN —Chinese-made drones “continue to pose a significant risk to critical infrastructure and US national security” and companies should be wary of using them, the FBI and Cybersecurity and Infrastructure Security Agency warned in a new memo issued Wednesday. “Our nation’s critical infrastructure sectors, such as energy, chemical and communications, are increasingly relying on [unmanned aerial systems] for various missions that ultimately reduce operating costs and improve staff safety,” said CISA Executive Assistant Director for Infrastructure Security Dr. David Mussington in a statement. The Department of Homeland Security has been warning about the risks posed by Chinese-made drones, which dominate the global market for commercial drones, for years. “CISA and the FBI rightly point out the risk, and more importantly, how to mitigate these known cyber risks. It’s clear that the United States government has deemed Chinese-made drones a threat to security as China’s dominance of the electronics supply chain, including drones, is harming U.S. national security interests.”
Persons: , David Mussington, DJI, Brian Harrell, we’ve, “ CISA Organizations: Washington CNN, FBI, Infrastructure Security Agency, CNN, Infrastructure Security, PRC’s, Civil Fusion, Department of Homeland Security, DHS, US Army, U.S Locations: China, People’s Republic of China, United States, Canada, DJI
Noah, a 19-year-old who goes to college in Illinois, uses sports betting to keep up with his friends from high school. The expansion of legal sports betting in the US has fueled a widespread culture of gambling on college campuses, as savvy students find betting alternatives and workarounds for age limits and state restrictions. Many sports-loving college students like Marcus and Noah casually use fantasy gaming, sweepstakes, and betting to make and maintain friendships. BI spoke with seven college students and three researchers to learn more about what sports betting looks like on campuses. A culture of sports betting sustains friendshipsSince the expansion of legalization, sports betting and gaming have exploded on college campuses largely through word of mouth.
Persons: Marcus didn't, Marcus, Fliff, isn't, it's, — Marcus, they'd, Marcus isn't, Noah, Andrew, they've, Dr, Timothy Fong, Fong, Miles, Chris, hasn't, wasn't, he'd, that's, FanDuel, Jason Miyares, Fliff's, Cash, bettors, I'm, there's, It's, Jeffrey Derevensky, McGill, haven't, Derevensky Organizations: NFL, Business, Sports, ESPN Bet, Super, Sunday, Caesars, ESPN, Iowa State Locations: Virginia, Cancún, Mexico, Illinois, Venmo, Minnesota, California, New York , Florida , Maine, Michigan, Maryland, Florida, New York, Iowa
Unity Software to lay off 1,800 employees, or 25% of staff
  + stars: | 2024-01-08 | by ( Jonathan Vanian | In | ) www.cnbc.com   time to read: +2 min
Unity Software said Monday that it's cutting 1,800 jobs, or about 25% of its workforce, in the latest round of layoffs at the gaming technology company. Unity said in a regulatory filing that the cuts are part of a corporate restructuring plan. In September, Unity announced a pricing change that upset numerous developers who rely on the company's technology to create video games. The following month, John Riccitiello retired as Unity's CEO, also stepping down as chairman and leaving the board. WATCH: Unity Software's John Riccitiello retiring as president and CEO
Persons: Unity, it's, John Riccitiello, James Whitehurst, Roelof Botha Organizations: Unity Software, Unity, Red, Unity's, Sequoia Capital
WASHINGTON (AP) — Secretary of State Antony Blinken is turning his attention to Ukraine, NATO and the Western Balkans after weeks of intense focus on Israel’s war against Hamas in Gaza. Now, amid signs that a cease-fire agreement between Israel and Hamas due to expire on Monday may be extended, Blinken is departing for Brussels for a NATO foreign ministers meeting. Russian Foreign Minister Sergey Lavrov has said he plans to attend the OSCE meeting, possibly setting the stage for a U.S.-Russia confrontation over Ukraine. The NATO meeting in Brussels will also address the situation in the Western Balkans where there are calls for NATO to increase its military presence amid concerns that hostility between Serbia and Kosovo could escalate to outright conflict. Blinken will underscore U.S. and NATO support for democracy and regional stability in the region, including a commitment to back all countries’ aspirations to join the European Union, O’Brien said.
Persons: Antony Blinken, Blinken, , Jim O’Brien, O’Brien, Sergey Lavrov Organizations: WASHINGTON, , NATO, eventual, , Organization for Security, Cooperation, Russian, OSCE, Kosovo —, Serbia —, European Union, NATO's Locations: Ukraine, Western Balkans, Gaza, Israel, Brussels, Kosovo, Serbia, Russia, Europe, Skopje, North Macedonia, U.S, Balkans, Washington
Andrew Bailey, governor of the Bank of England (BOE), during the Monetary Policy Report news conference at the bank's headquarters in the City of London, UK, on Thursday, Nov. 2, 2023. LONDON — The Bank of England's current remit risks it becoming entangled with wider government policy aims and jeopardizes its ability to focus on bringing down inflation, a scathing report by senior U.K. lawmakers released Monday says. The report also said the BOE and other central banks are suffering from a lack of "intellectual diversity" that have led to forecasting failures. The report was launched after U.K. inflation soared to a 41-year high through fall 2022, hitting a peak of 11.1% year-on-year in late 2022, one of the most severe levels of all developed economies. The Lords report, which was compiled through the collection of written evidence and panel interviews, notes that all central banks made mistakes in characterising inflation in 2021 as "transitory."
Persons: Andrew Bailey, BOE Organizations: Bank of England, City of, LONDON, of, Economic Affairs, U.S Locations: City, City of London
Kosovo’s border with Serbia was “out of control," Rama said after an informal meeting of Western Balkan NATO members in North Macedonia. It gained independence with the help of a NATO military campaign, launched in 1999 to end a bloody Serb crackdown on an armed separatist movement. “But what we do see is an increase in tensions, especially in Kosovo,” Stoltenberg said. During a visit to Kosovo on Monday, Stoltenberg said that NATO was considering deploying additional peacekeeping troops there. In May, Serb demonstrators in northern Kosovo clashed with NATO peacekeeping troops.
Persons: Rama, Jens Stoltenberg, Wednesday's, ” Stoltenberg, Stoltenberg, Dimitar Kovačevski, Milojko, Zoran Milanović Organizations: Edi Rama, NATO, Western Balkan NATO, Kosovo —, Serbia —, European Union Locations: SKOPJE, North Macedonia, Albanian, Kosovo, Serbia, Serbian, Russia, Balkans, Ukraine, North Macedonia's, Skopje, Western Balkans, Belgrade, Banjska, Brussels, Montenegro
The Israeli military said it is conducting a raid inside Gaza’s biggest hospital Al-Shifa as it targets Hamas militants it claims are operating beneath the structure — which the militant group and hospital officials deny. The United States on Tuesday cited intelligence suggesting Hamas has a command node under the hospital, seeming to back Israel’s assertion. What’s happening on the ground: Khaled Abu Samra, a doctor at the hospital, told CNN they were given 30 minutes’ warning before the Israeli operation on the complex began. Khader Al Za’anoun, a journalist inside the hospital, told CNN that Israeli tanks had moved into the hospital complex, and there were gunfire exchanges across the yard. It’s unclear whether there are IDF soldiers inside the hospital buildings, Al Za’anoun said.
Persons: Israel, Hamas’s “, ” Israel, Peter Lerner, Khaled Abu Samra, , , Khader Al Za’anoun, Al Za’anoun, Mai Al, Kaila Organizations: Hamas, CNN, Palestinian, Palestinian Authority, Health Ministry, Israel Locations: Gaza, United States, , Ramallah, Israel
The Israeli military said early Wednesday its forces had entered Gaza's Al Shifa Hospital. Israeli authorities claim the militants conceal military operations in the Al Shifa Hospital. Israeli military officials gave no further details but said they were taking steps to avoid harm to civilians. 🔴 Operational Update:IDF forces are carrying out a precise and targeted operation against Hamas in a specified area in the Shifa Hospital, based on intelligence information and an operational necessity. International organizations have warned of crises at multiple medical facilities, including Al Shifa, which is the biggest hospital in Gaza City.
Persons: Gaza's, , Dr, Khaled Abu Samra, 🔴, aza, ity., hite Organizations: Gaza's Al, Israel, Service, Hamas, Al, CNN Locations: Gaza's Al Shifa, Gaza's, Gaza
Two and a half weeks after sending tanks and ground troops into northern Gaza, Israeli forces entered a hospital early Wednesday that they claim Hamas operates out of. The Israeli army claims the militant group uses hospitals as cover for its fighters, and has set up its main command center in and beneath Shifa Hospital, the largest in the besieged territory. Both Hamas and Shifa Hospital staff deny the Israeli allegations. Both Hamas and Shifa Hospital staff deny the Israeli allegations. ISRAEL SAYS IT'S CARRYING OUT A ‘PRECISE AND TARGETED OPERATION’ INSIDE GAZA'S SHIFA HOSPITALJERUSALEM — The Israeli military says its forces have entered Gaza’s Shifa hospital, the site of a lengthy standoff.
Persons: Mohammed Zaqout, — Israel, , , Ahmed Mhanna, , Jabaliya, Mhanna, NETANYAHU, Benjamin Netanyahu, Netanyahu, ” Netanyahu, , Fahrettin Koca, Koca, Hossein Amirabdollahian, Martin Griffiths, Meirav Eilon Shahar, “ Israel, ” Philippe Lazzarini, CAIRO —, Munir al, Boursh, ” Israel, Hamas ”, Paltel, Israel, ” Griffiths, Shifa, that’s, Jonas Gahr Støre, Espen Barth Eide, ” Barth Eide, Recep Tayyip Erdogan, Erdogan, ” Erdogan, Israel —, Daniel Hagari, Hamas’s, ” Hagari, KHAN YOUNIS, Mohammad al, Abdallah, National Security Itamar Ben, Gvir, Nasser, Khan Younis, Catherine Russell, Russell, ” Russell, ISRAEL Organizations: Hamas, Shifa, Shifa Hospital, Health Ministry, . Security, ASEAN, AS, Awda Hospital, Awda, PEACEMAKING GROUP GENEVA, Centre, Associated Press, Iran's, Iranian, ” UN, UNRWA, United Nations, OFFICIAL, International Committee, COMMUNICATIONS COMPANY, UN OFFICIAL, Health Organization, ” FIRST, NTB, ISRAEL, TEL, Israeli Defense Forces, IDF, MINISTRY, Ministry of National Security, National Security, UNICEF, JERUSALEM Locations: Gaza, Israel, Shifa, Myanmar, Washington, israel, GAZA, CAIRO, Jabaliya, GAZA ZIKIM, Israeli, Gaza City, TURKEY ANKARA, Turkey, Egypt, Rafah, Geneva, Basque, Spain, Iranian, Iran, Palestine, , Territories, United States, JERUSALEM, Palestinian, GENEVA, what’s, GAZA COPENHAGEN, Denmark, Norwegian, Norway, ISRAEL ANKARA, Turkish, TEL AVIV, West Bank, Ben, Khan, SHIFA
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