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REUTERS/Rula Rouhana Acquire Licensing RightsMUMBAI, Nov 28 (Reuters) - Advocates for the energy transition are concerned ahead of the COP28 summit in Dubai about the high cost of capital available to make change happen, as policymakers ratchet up their rhetoric on the need for tight monetary policy. COP28 is widely expected to focus on climate finance, specifically to build on the G20 nations' commitment to triple renewables deployment to about 11,000 gigawatts by 2030, which will need funds of around $4.5 trillion. Climate finance is going to be the "Achilles' heel" of COP28, said Vaibhav Chaturvedi, fellow at the Council on Energy, Environment and Water (CEEW). Linda-Eling Lee, head of the MSCI Sustainability Institute, said companies and investors cannot be expected to commit long-term capital to the energy transition if policymakers change track suddenly. Agreements on greater transparency in disclosures, along with innovations in finance, will help mobilise more private sector funds, Lee said.
Persons: Rula, Gauri Singh, IRENA, Vaibhav Chaturvedi, Chaturvedi, Linda, Eling Lee, Lee, Divya Chowdhury, Jan Harvey Organizations: Abu Dhabi Sustainability, REUTERS, Rights, International Renewable Energy Agency, Reuters Global Markets, Council, Energy, Bridgetown Initiative, World Bank, Bank, MSCI Sustainability Institute, Finance, Thomson Locations: UAE, Abu Dhabi, Rights MUMBAI, Dubai, Barbados, Bridgetown, Mumbai
Paris Mayor Anne Hidalgo says she's leaving X after 14 years on the platform. AdvertisementParis Mayor Anne Hidalgo says she's leaving X after more than 14 years on the platform, formerly known as Twitter. "This platform and its owner intentionally exacerbates tensions and conflicts," she wrote in French, adding that the platform has "become a gigantic global sewer." "To remain true to my convictions and my commitment, I am leaving Twitter today," Hidalgo wrote on Monday. AdvertisementAn early proponent of Twitter, Hidalgo joined the platform in 2009 when she was the deputy mayor of Paris.
Persons: Paris Mayor Anne Hidalgo, she's, Elon Musk, , Anne Hidalgo, Hidalgo, cacmq4 — Anne Hidalgo, Ross Gerber, Dustin Moskovitz Organizations: Paris Mayor, Elon, Service, Twitter, de, Instagram, Facebook, Apple, IBM, Disney, The New York Times, Business Insider Locations: Paris, de Paris, @Anne_Hidalgo
REUTERS/Thomas White/Illustration Acquire Licensing RightsMUMBAI, Sept 22 (Reuters) - Indian bond markets won't see a jump in volatility in the near-term after JPMorgan (JPM.N) announced India's inclusion in its widely tracked emerging market debt index, BlackRock's head of Asia Pacific fixed income said on Friday. JPMorgan said 23 Indian Government Bonds (IGBs) with a combined notional value of $330 billion were eligible for inclusion in its Government Bond Index-Emerging Markets (GBI-EM) index and index suite, benchmarked by about $236 billion in global funds. Given the size of the $2 trillion global government bond market, it may add only a little bit to the volatility in Indian bond markets, Seth told the Reuters Global Markets Forum. Foreign investor buying in Indian bonds has remained tepid with net purchases of $3.4 billion so far in 2023. He also pointed to investment-grade credit in Asia and higher quality emerging market bonds, in a "tilt towards quality" as macro uncertainties persist.
Persons: Thomas White, Neeraj Seth, Seth, Divya Chowdhury, Savio Shetty, Alex Richardson Organizations: REUTERS, Rights, JPMorgan, Asia Pacific, Government, BlackRock, Reuters Global Markets, Thomson Locations: India, Rights MUMBAI, Asia, Mumbai
No strong case for jacking up bank charges: ECB's Wunsch
  + stars: | 2023-09-21 | by ( ) www.reuters.com   time to read: +2 min
Sept 21 (Reuters) - There are no strong arguments for the European Central Bank to increase mandatory reserves for banks, Belgian central bank chief Pierre Wunsch said on Thursday, weighing in on a key debate about a potential move to tighten policy further. The ECB cut to zero the rate it pays to banks on mandatory reserves earlier this year. Some policymakers are now pushing for an increase in the reserve requirement, in part to reduce losses associated with the multi-trillion-euro pool of excess liquidity sloshing around banks. "I don't see any strong argument for using movements in the reserve requirements when we still have this huge portfolio (of bonds) that we can reduce," Wunsch told the Reuters Global Markets Forum. But Wunsch said that reducing central bank losses should not be the objective of monetary policy and changing the rules now could make commercial banks wary of taking part in future stimulus schemes.
Persons: Pierre Wunsch, Wunsch, Banks, Divya Chowdhury, Balazs Koranyi, Jane Merriman, Chizu Organizations: European Central Bank, ECB, Reuters Global Markets, Thomson Locations: Belgian, Mumbai
A video from 2022 showing the moment a building collapsed in the Moroccan city of Casablanca is being falsely linked online to the country’s 2023 earthquake. “The moment a residential building collapsed after the earthquake in Morocco,” a Facebook user sharing the video on Sept. 9 wrote (here ). A 6.8 magnitude earthquake occurred 72 kilometers southwest of Marrakesh, Morocco, late on Sept. 8, 2023. Reuters reported that the earthquake was the deadliest in Morocco since 1960, when a major earthquake killed at least about 12,000 people (here ). The video dates to the collapse of a building in Casablanca in 2022, and not to the earthquake that struck Morocco in September 2023.
Persons: Organizations: Reuters, Google Locations: Moroccan, Casablanca, Morocco, Cherif, Marrakesh
MUMBAI, Sept 6 (Reuters) - Policymakers expect persistently slower growth in China, perhaps even more sluggish than current consensus estimates, seeing its transition from an infrastructure- and investment-led economy to becoming consumption-driven as "difficult". "The inflation rate in China is around 0% - that means distortion of domestic demand and domestic supply," he said. This follows economic growth in 2022 recorded at one of its worst levels in nearly half a century. The Croatian central bank chief sees narrowing room for expansionary policies in China, adding, "We have to be careful." The RBNZ has already factored in "a pretty subdued period" for commodity prices within their projections, before they see them beginning to rise again, Hawkesby said.
Persons: Takahide Kiuchi, Goushi Kataoka, Boris Vujcic, Robert Holzmann, Christian Hawkesby, Hawkesby, Divya Chowdhury, Savio Shetty, Lisa Mattackal, Mehnaz Yasmin, Mark Heinrich Our Organizations: Former Bank of Japan, Reuters Global Markets, European Central Bank, ECB, Reserve Bank of New Zealand, Thomson Locations: MUMBAI, China, Europe, Croatian, Austrian, United States, Mumbai, Bengaluru
A photo by the Anti-Defamation League (ADL) for an initiative called “No Place for Hate” has been altered to replace the word “hate” with “whites,” yet some online posts share the edited photo alongside calls to ban the nonprofit. ADL created the “No Place for Hate” initiative to provide schools and communities with a framework for combating bias, bullying and hatred. A post on messaging platform X, formerly known as Twitter, said: “Why does the ADL promote this overt anti-White hatred and bigotry? The photo shows four people holding balloons that read: “NO place for WHITES.”Another example on Facebook said, in part, “The ADL is an anti white hate group” and calls for a ban on the ADL (here). The signage on the balloons read: “NO place for HATE.”A cropped version of the photo can also be seen on a page dedicated to the initiative on the ADL website with the same “NO place for HATE” wording (www.noplaceforhate.org/why).
Persons: , Jake Hyman, Read Organizations: Defamation League, ADL, Hate, Twitter, Facebook, Reuters Locations: York, New Jersey
MUMBAI, Sept 4 (Reuters) - The Bank of Japan (BOJ) will be able to gradually shift away from its easy monetary policy only after ensuring its 2% inflation goal has been sustainably achieved, former board member Goushi Kataoka said on Monday. Kataoka expected the Spring 2024 wage negotiations to be key for the BOJ's inflation mission, Kataoka, currently chief economist at PwC Japan, told the Reuters Global Markets Forum. Once it begins exiting policy, Kataoka expects the BOJ to first remove the peg on the 10-year Japanese government bond (JGB) yield, then exit its negative interest rate policy, and finally scrap the YCC policy. "Allowing the guide rate to effectively go as low as 1% would not be possible until the 2% (inflation) target is achieved," Kataoka said. "I'm worried about the stance of Kishida cabinet," he said, describing the previous administrations' tax hikes in 2014 and 2019 as undermining the Kuroda's bold monetary policy experiment.
Persons: Goushi Kataoka, Kataoka, Haruhiko Kuroda, BOJ, I'm, Divya Chowdhury, Savio Shetty, Anisha, Christina Fincher Organizations: Bank of Japan, Reuters Global Markets, Thomson Locations: MUMBAI, Mumbai, Bengaluru
A photo that claims to depict the family tree of World Economic Forum (WEF) Founder Klaus Schwab includes multiple inaccuracies. Posts online are taking it as evidence he is related to the Rothschild banking dynasty on his mother’s side. The same image of the family tree appeared online as early as July 2021 in a conspiracy thread on Reddit (here). KLAUS SCHWAB PARENTSThe family tree notes an accurate birth year for Klaus Schwab, but the names of his parents are incorrect. The photo shared on social media includes multiple inaccuracies to falsely link Klaus Schwab to the Rothschild banking dynasty.
Persons: Klaus Schwab, Rothschild, Mayer Amschel Rothschild, Schwab, KLAUS SCHWAB, Eugen Wilhelm Schwab, Erika Epprecht, Yann Zopf, , , FRED, MARIANNE SCHWAB, Marianne Schwab, Marianne Rothschild, Marianne, Klaus, nee Rothschild, Louis, Melanie Rothschild, Fred Schwab, Leslie, Madeleine, Fred, Marianne’s, LOUIS ROTHSCHILD, Marianne Schwab’s, Louis Rothschild, Louis Nathaniel von Rothschild, Countess Hildegard Johanna Caroline Marie Auersperg, Louis Nathaniel’s, Salomon Albert Anselm von Rothschild, Bettina Caroline de Rothschild, Moritz, Emma Rothschild, Spokespeople, Read Organizations: Economic, Facebook, Zekelman Holocaust, Jewish, Rothschild, Getty, Reuters Locations: Ravensburg, Germany, Frankfurt, England, United States
The Fed has cumulatively raised its target rate by 525 basis points to 5.25%-5.50% over the last 17 months. "I think there's a lot more to be seen," Alan Blinder, Fed vice chairman between 1994 and 1996, told the Reuters Global Markets Forum (GMF). So against that, if it's three months or four months faster, that's not a big deal, and suggests there's still plenty to come," Blinder added. Blinder also said core inflation tends to react to monetary policy action at a slower pace than headline inflation, and that coupled with the transmission lags means the Fed should consider pausing rates for some time from here. Reuters Graphics Reuters GraphicsThe 'last mile' of bringing inflation down may prove difficult for the Fed, Blinder said, adding that the central bank won't be "stubborn" if inflation settles somewhat above its stated 2% goal.
Persons: Alan Blinder, there's, Blinder, Lisa Mattackal, Divya Chowdhury, Savio Shetty, Andrea Ricci Organizations: U.S, Reuters Global Markets, Reuters Graphics Reuters, Fed, Thomson Locations: U.S . Federal, Bangalore, Mumbai
A traffic light system at the entrance to a Tesco supermarket in the English town of Swindon was accidentally switched on for a brief time in August, a spokesperson for the UK’s biggest supermarket group told Reuters, and is not evidence of the company reintroducing social distancing measures, as is being claimed online. We’ve got the old traffic light system back in operation. Perhaps some lockdowns heading our way?” he asks, while stood outside the town’s Extra store (located here: tinyurl.com/y3ek3epd). However, a spokesperson for the supermarket group told Reuters the traffic light system was accidentally switched on for a brief period at the Swindon Tesco Extra in August and that it has not been reintroduced in any of its stores. The traffic light system was briefly and accidentally switched on at the Tesco Extra in Swindon, according to the company, which said the social distancing measure is not being reintroduced in any of its stores.
Persons: We’ve, Read Organizations: Tesco, UK’s, Reuters, Facebook, Swindon Tesco Locations: Swindon, Swindon , Wiltshire
The ECB is debating whether to raise rates again in September to combat stubborn underlying price growth or pause given the weakening outlook that is now raising recession fears. "We need to be very cautious about our decisions, because a lot has been done," Centeno told the Reuters Global Markets Forum. "The labour market in Europe is performing in a novel way... I see a degree of flexibility in the European labour market that we were not used to see in the past," Centeno said. "This will ease wage pressures in our labour market, contrary to what we have [been used to] in the past."
Persons: Mario Centeno, Pedro Nunes, Centeno, Mehnaz Yasmin, Balazs Koranyi, Alison Williams, Mike Harrison Organizations: Bank of Portugal, European Central Bank, Bank of, REUTERS, Rights, ECB, Reuters Global Markets, Thomson Locations: Bank of Portugal, Carregado, Alenquer, Portugal, Europe
Fox News did not report that California Governor Gavin Newsom was removing Trump’s name from future ballots, contrary to a claim circulating on social media. Social media users have shared the following text: “BREAKING NEWS: FOX News reports Ca. Gavin Newsom is the first Governor to say Donald Trump is not eligible for future presidential elections & has asked the California’s State Assembly to pass a bill that will remove Trumps name on any future ballots.”Examples can be seen (here), (here), (here). A search through the governor’s official social media accounts also returned no results matching the claim (www.facebook.com/CAgovernor/), (www.instagram.com/gavinnewsom/), (twitter.com/GavinNewsom). Fox News did not report that Gavin Newsom was removing Trump’s name from future ballots.
Persons: Gavin Newsom, Donald Trump, Brandon Richards, Newsom, Read Organizations: Fox, Social, FOX, Gov, Assembly, Fox News, Reuters Locations: California, California’s
Images of grave markers shared online have been altered to suggest the Ukrainian soldiers depicted in photographs on the graves were fighting when they were younger than 18. The originals indicate that the individuals named on the grave markers were 21 or older at the time of their deaths. Posts on messaging platform X, formerly known as Twitter, shared the altered pictures of three graves marked with photos and inscriptions and included the text: “The UA are already sending children to slaughter. Two of the images in the misleading posts have been digitally altered to replace the original pictures with photos of young boys. Dates in the original gravesite image indicate the individual was born in 1996 (tinyurl.com/2p93bt8j).
Persons: , Read Organizations: Twitter, UA, Facebook, Ukraine’s, Military Duty, Military Service, Reuters Locations: Ukrainian
A clip of a weather forecast aired by a German TV station was digitally altered to include graphics of flames and siren noises and shared online alongside remarks suggesting that the station was being alarmist about hot weather. One of the posts with the altered video included the comment: “Meanwhile, in Germany, they’ve got flames on the screen for temperatures barely touching 30°C. The clip was altered from the original, which aired without the flames or the added audio on the German ARD network’s news show Tagesthemen (tinyurl.com/yd3mbtr3). Reuters has previously addressed similar altered content involving weather forecasts or maps (here), (here). The video has been digitally altered to include graphics of flames and siren noises.
Persons: they’ve, bonkers, Read Organizations: ARD, Reuters Locations: Germany
There is no evidence of a sunburn contest in Florida, and photos from a so-called extreme sunburn competition in online posts are not authentic. Examples of online posts on Aug. 3 and 4 sharing photos of people with burns from an “extreme sunburn competition in Florida” can be seen (here) and (here). The “Cursed AI” Facebook group notes in its description that content on the page is AI-generated (here). Reuters has contacted the account that posted the photos in the Cursed AI group for comment. The photos were shared on a Facebook page made for AI-generated content, and there is no evidence of such a sunburn competition in Florida.
Persons: Read Organizations: Reuters Locations: Florida
A walkthrough video of a crowded shopping area in Aleppo, Syria, is being shared online with the false claim that it was captured in Sweden. The account, called Safartas, posts original content in high quality. According to Safartas, the June 2022 clip was filmed in Aleppo and shows the city’s Abbara Market. The small sculpture seen at timestamp 6:18 and the minaret at timestamp 6:35 can also be seen in stock images of Aleppo (here), (here), (here). The video shows an area in Aleppo, Syria, not Sweden.
Persons: Safartas, Read Organizations: Facebook, YouTube, Reuters, Google Locations: Aleppo, Syria, Sweden, TikTok
A false report that the U.S. Navy’s Judge Advocate General (JAG) Office has indicted 19,000 doctors for so-called COVID crimes stems from an article on a self-described satirical website, but social media users responded as though the claim was authentic. A U.S. Navy Judge Advocate General’s Corps spokesperson said in an email that the claims made in the article are false. No credible news reports suggest that thousands of doctors have been indicted by the Navy’s legal branch for COVID-related crimes (tinyurl.com/2tjsv9cn). The U.S. Department of Justice website also makes no mention of the indictment of 19,000 doctors (tinyurl.com/yjsvxc2a). A U.S. Navy JAG spokesperson denied that 19,000 doctors were indicted for COVID-related crimes, and no credible sources support the claim.
Persons: “ Hope, , General’s, Read Organizations: Facebook, Real Raw, U.S . Centers for Disease Control, National Institutes of Health, U.S . Navy, U.S . Department of Justice, U.S . Navy JAG, COVID, Reuters Locations: U.S, COVID
Actor Mark Wahlberg did not tell a Sunday school meeting that “Hollywood pedophiles have nowhere left to hide,” according to his representative. A screenshot of an article circulating online falsely claims he made these comments during a meeting in Los Angeles. An archived version shows it was published with the headline, “Mark Wahlberg: Hollywood Pedophiles Have ‘Nowhere Left To Hide’” on July 12, 2023 (tinyurl.com/4za9dy4c). No credible media outlets have reported on this (tinyurl.com/mr2zunx4), and The People’s Voice article provides no further details about the supposed event. According to Mark Wahlberg’s representatives, the actor never told a Sunday school meeting, “Hollywood pedophiles have nowhere left to hide.”This article was produced by the Reuters Fact Check team.
Persons: Mark Wahlberg, Wahlberg, “ Mark Wahlberg, Ashlee Rezin, Cardinal Blase J, Cupich, Mark Wahlberg’s, Read Organizations: Reuters, Chicago Sun Times, Sun - Times Locations: Los Angeles
A screenshot of a Snopes article discussing the expulsion of Jewish people from 109 different countries is fabricated. According to the Anti-Defamation League, an international non-governmental organization, the idea that Jews have been expelled from 109 countries is one made repeatedly by white supremacists. Reuters found no evidence of an article by Snopes fact-checking the “109 expulsions” claim (tinyurl.com/2ymasv83). Some social media users appear to think the image shows a real article and criticized Snopes (here). The image does not show a real Snopes article.
Persons: Snopes, Doreen Marchionni, David Emery, Read Organizations: Standards, Defamation League, ADL, Reuters Locations: Snopes
The Garland spoof account tweeted on July 13: “After a thorough investigation, The DOJ has indicted the police officers who responded to Christian Covenant School in Nashville. There are no credible news reports to corroborate the claim that responding officers are facing a DOJ indictment. A search for news releases on the Metropolitan Nashville Police Department site does not show any statement on any indictment of its officers regarding the school shooting (here). Similarly, searching on the U.S. Department of Justice (DOJ) site does not show any press releases related to the Nashville school shooting (tinyurl.com/35pbmc4r). There is no evidence that responding officers in the Nashville school shooting are facing an indictment, and the claim stems from a Twitter account labeled as parody.
Persons: Aubrey Hale, “ Merrick Garland, Audrey Elizabeth Hale, General Merrick Garland, Read Organizations: Nashville, DOJ, Christian Covenant School, Facebook, Covenant School, Reuters, Covenant, Metropolitan Nashville Police Department, U.S . Department of Justice Locations: Nashville, Nashville , Tennessee
(Advisory: This article includes links to photos and videos depicting death penalty scenes)The Washington Post did not publish a report earlier this month saying Bill Gates had been arrested. The Washington Post’s Public Relations Manager Savannah Stephens said in a July 13 email that no such story was published. Washington Post” (here). A search for articles related to Gates being arrested does not return any relevant results on The Washington Post site (tinyurl.com/35sucwh6). There is no evidence that The Washington Post published a report on Bill Gates being arrested for crimes against humanity.
Persons: Bill Gates, Gates, Savannah Stephens, retweets, Bill, Melinda Gates, Read Organizations: Washington Post, The Washington, Public, US Federal Marshals, Watch, . Washington Post, YouTube, Reuters Locations: The, Guantanamo, . Washington, U.S
A woman passenger who appears in a viral video of a disruption on an American Airlines flight in July is not named Jenna Wilson, a spokesperson for the airline said. The passenger also has not been charged with hate crimes, according to a Department of Justice spokesperson. But a tweet from a parody account calling her Jenna Wilson and claiming she faces federal hate crimes charges for disrupting the flight while insisting another passenger was “not real” has been taken seriously by users online. American Airlines spokesperson Sarah Jantz said in an email on July 12 that the name of the passenger in the viral clip is not “Jenna Wilson”. A search for “Jenna Wilson” with the airline name does not lead to any credible news reports supporting the claim (tinyurl.com/54wve59w).
Persons: Jenna Wilson, General Merrick Garland, dehumanization, Sarah Jantz, Jenna Wilson ”, , , Read Organizations: American Airlines, Department of Justice, Forbes, Fox Business, Department, Justice, Twitter, Facebook, U.S . Department of Justice, Dallas Fort Worth International, DOJ, Reuters Locations: Dallas
Online posts have circulated the claim that Fox News analyst Juan Williams was hired by Republican U.S. presidential candidate Ron DeSantis’ campaign team. Both Fox News and Ron DeSantis’ campaigns have said there is no truth to online posts claiming Williams is joining the Florida governor’s presidential campaign team. A tweet said: “Presidential hopeful Ron DeSantis has hired former Fox News contributor Juan Williams to his campaign management team” (here). There is no mention of plans to join the DeSantis campaign on Williams’ official Twitter or Facebook accounts (twitter.com/TheJuanWilliams) and (here). As of July 12, 2023, both Fox News and DeSantis’ team told Reuters there is no truth to claims that Fox News analyst Juan Williams was hired by the Florida governor’s presidential campaign.
Persons: Juan Williams, Ron DeSantis ’, Williams, Ron DeSantis, , ” Connor Smith, Bryan Griffin, , DeSantis, Read Organizations: Fox News, Republican U.S, Florida, , Facebook, Fox, “ Fox, Fox News Media, Reuters, Twitter
A tweet by a parody account impersonating U.S. Representative Alexandria Ocasio-Cortez and saying that whoever invents a wind-powered ship will become a billionaire is being taken seriously by some users online. The account that posted it has the handle @AOCpressTwo and the username Alexandria Ocasio-Cortez Press Release (parody), with a bio that reads: “I’m the boss - you mad bro? Reuters has previously addressed posts by this parody account (here), (here), (here). The authentic Twitter account for Ocasio-Cortez is @AOC (www.twitter.com/AOC). The tweet was posted by an Alexandria Ocasio-Cortez parody Twitter account.
Persons: Representative Alexandria Ocasio, Cortez, bro, Ocasio, Read Organizations: Representative, Cortez, Congressional, Reuters Locations: Cortez, Alexandria
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