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BELGRADE, Aug 23 (Reuters) - Serbia on Wednesday joined a Ukraine-led platform on the reintegration of Crimea, signalling a swing away from Russia, a historical ally and its sole supplier of natural gas. In an online address to the forum, Serbia's Prime Minister Ana Brnabic said Serbia "sincerely regrets the suffering of Ukraine and Ukrainian people." The Crimea Platform was launched by Zelenskiy in 2021 with the aim of reintegrating the Crimea, annexed by Russia in 2014. In April, leaked Pentagon documents showed Serbia had agreed to supply arms and ammunition to Kyiv, or sent them to Ukraine. Vucic said Serbia had never sold weapons or ammunition to Ukraine or Russia although Serbian arms might have reached the battlefield via third countries.
Persons: Volodymyr Zelenskiy, Aleksandar Vucic, Ana Brnabic, Vucic, Aleksandar Vasovic, Bernadette Baum Organizations: Wednesday, Serbian, Serbia's, Zelenskiy, NATO, European Union, United Nations, Thomson Locations: BELGRADE, Serbia, Ukraine, Crimea, Russia, Athens, Ukrainian, United States, Great Britain, Moscow, Kosovo, Belgrade, Serbian
Men watch a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, February 1, 2023. REUTERS/Niharika Kulkarni/File Photo Acquire Licensing RightsSummary poll dataBENGALURU, Aug 23 (Reuters) - India stocks will trade only modestly higher at year-end, according to a Reuters poll of equity analysts who said a correction was likely before then, citing tightening global financial conditions as a risk. Driven by positive foreign and domestic investment inflows, the benchmark BSE Sensex Index (.BSESN) touched an all-time high of 67,619.2 on July 20, up around 18% from the year's low of 57,084.9 set only four months earlier. Over 70% of analysts who answered an additional question, 21 of 29, said a correction - a decline of 10% or more - in the Indian equity market was likely by year-end, including five who said it was highly likely. (Other stories from the Reuters global stock markets poll package:)Reporting by Devayani Sathyan and Sujith Pai; Polling by Milounee Purohit, Veronica Khongwir and Anant Chandak; Editing by Jonathan Cable and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.
Persons: Niharika Kulkarni, Rajat Agarwal, Devayani Sathyan, Sujith Pai, Milounee Purohit, Veronica Khongwir, Anant Chandak, Jonathan Cable, Bernadette Baum Organizations: Bombay Stock Exchange, REUTERS, Societe Generale, Thomson Locations: Mumbai, India, Monday's, Asia, U.S
REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsWASHINGTON, Aug 22 (Reuters) - U.S. President Joe Biden named former federal prosecutor and Chicago lawyer Ed Siskel as his top White House lawyer on Tuesday, saying the former White House deputy counsel would start his new post next month. Siskel served in the White House Counsel's office for nearly four years when Biden was vice president under former President Barack Obama, including as deputy counsel, the White House said in a statement. "For nearly four years in the White House when I was vice president, he helped the Counsel’s Office navigate complex challenges and advance the president’s agenda on behalf of the American people," Biden wrote. He previously was a federal prosecutor for the U.S. Attorney’s Office in the Northern District of Illinois and was a clerk for then-Justice John Stevens on the U.S. Supreme Court, the White House said. Siskel replaces Stuart Delery, who is stepping down after serving as White House counsel since July 2022.
Persons: Joe Biden, Kevin Lamarque, Ed Siskel, Siskel, Biden, Barack Obama, I, Biden’s, Hunter, Obama, Rahm Emanuel, John Stevens, Stuart Delery, Susan Heavey, Bernadette Baum Organizations: Lahaina Civic Center, REUTERS, Rights, White, . House Republicans, Chicago, Trump, U.S . Department of Justice, U.S, Attorney’s, Northern District of Illinois, Supreme, Thomson Locations: Lahaina, Maui, Hawaii, U.S, Chicago, Northern District
U.S. Dollar and Chinese Yuan banknotes are seen in this illustration taken January 30, 2023. Rising U.S. Treasury yields, with benchmark 10-year yields hitting 16-year highs on Tuesday, and unease over China have boosted the dollar this month. "What we're seeing is a bit of a pause," said Fiona Cincotta, senior markets analyst at City Index, in London. The U.S. dollar index - which measures the currency against six major counterparts, was a touch softer at 103.30, holding below Friday's 10-week highs at 103.68. The Australian dollar was 0.4% firmer at $0.6441 as global risk appetite recovered.
Persons: Dado Ruvic, Bond, Powell, Jackson, Fiona Cincotta, We've, Kazuo Ueda, Jerome Powell, Sterling, Lee Hardman, Dhara Ranasinghe, Kevin Buckland, Angus MacSwan, Bernadette Baum Organizations: REUTERS, U.S, Treasury, City Index, Bank of Japan, Federal, Thomson Locations: China, London, , Wyoming, U.S, Toyko
China generated 121 billion kilowatt-hours (kWh) from hydro in July 2023, down from 146 billion kWh in the same month a year earlier, and the lowest since 2015. China also boosted generation from wind farms (+16 billion kWh) and solar farms (+5 billion kWh) compared with July 2022. But without the extra generation from thermal (+44 billion kWh) it could not have offset the drop in hydro (-25 billion kWh) while meeting growth in load (+40 billion kWh). SOUTH CHINA DROUGHTFour-fifths of China’s total hydro generation comes from provinces along the Yangtze River system and further south. Facing continued restrictions on hydro generation, coal-fired generation, coal production and coal imports will have to rise even further.
Persons: Doksuri, John Kemp, Bernadette Baum Organizations: REUTERS, National Bureau of Statistics, East, Thomson, Reuters Locations: Qiaojia, Yunnan province, Ningnan, Sichuan province, China, Hebei, Beijing, Chartbook, CHINA, Sichuan, Yunnan, Hubei, Guizhou, Guangxi, Hunan, Fujian, Guangdong, Chongqing, Yibin
The incident - which happened as Luis Rubiales handed the women's team gold medals after they beat England 1-0 in the final on Sunday - sparked outrage within and outside Spain, with many, including ministers, demanding Rubiales' resignation. "We've seen his apology and that's not enough, he must be much clearer and convincing in apologising," Sanchez told a news conference. Sanchez said the federation was not part of the Spanish government, which lacked the power to appoint or fire the federation's president. As criticism mounted, Rubiales issued a video apology late on Monday, after initially calling critics "idiots". "Surely I was wrong, I have to admit," Rubiales said in the video statement sent by the federation.
Persons: Pedro Sanchez, Royal Spanish Football Federation Luis Rubiales, Juan Medina, Jenni Hermoso, Luis Rubiales, Rubiales, We've, that's, Sanchez, Hermoso's, Inti Landauro, David Latona, Bernadette Baum Organizations: Soccer Football, FIFA, Spain's, Moncloa, Royal Spanish Football Federation, Rights, England, YouTube, Equality Ministry, Thomson Locations: New Zealand, Madrid, Spain, Spanish
[1/3] Republican presidential candidate and Florida Governor Ron DeSantis speaks during a campaign stop in Manchester, New Hampshire, U.S., August 19, 2023. The former president dominates the field, with his indictments in four separate criminal cases boosting his popularity among Republican voters, and has said there is little political upside for him to debate his rivals. The political outsider has stoked grassroots chatter as a potential alternative to Trump and garnered 7% in the latest Reuters/Ipsos poll. She has about 5% support among Republican voters in the latest Reuters/Ipsos poll. Hutchinson, 72, has touted his experience leading the deeply conservative state as proof he can deliver on policies Republican voters care about, citing tax cuts and job creation initiatives.
Persons: Ron DeSantis, Brian Snyder, Donald Trump, Republican Party's, Trump, RON DESANTIS, MIKE, Pence, VIVEK RAMASWAMY, Ramaswamy, NIKKI HALEY, Haley, TIM SCOTT, Scott, ASA HUTCHINSON, Hutchinson, Ipsos, CHRIS CHRISTIE Chris Christie, Trump's, Christie, DOUG BURGUM Burgum, Susan Heavey, Nathan Layne, Joseph Ax, Ross Colvin, Deepa Babington, Bernadette Baum Organizations: Republican, Florida, REUTERS, Rights, Republican National Committee, RNC, Twitter, Trump, U.S . Capitol, Christian, Reuters, United Nations, Biden, Republican Party, TIM, Black Republican U.S, ASA, White House, New, Microsoft Corp, Thomson Locations: Manchester , New Hampshire, U.S, DeSantis, Florida, Pence, Indiana, South Carolina, Arkansas, New Jersey
[1/2] A general view shows the city of Lyon after sunrise from the Fourviere esplanade as France issued a "red alert" for four southern regions amid a spell of excessively hot weather, especially in the Rhone valley, France, August 22, 2023. The Haute-Savoie region, which includes the French side of the Mont Blanc, is among the 49 departments under an orange alert for high temperatures. France's weather service on Tuesday widened its "red alert", the most serious warning, to include 15 more departments from Wednesday, which will cover large swathes of the southeastern Provence region and some areas to the southwest. HIGHEST ALERT LEVELMeteo France on Monday issued a red alert for four departments around the Rhone valley - Rhone, Drome, Ardeche and Haute-Loire. It has now added the departments of l’Ain, la Loire, l’Isère, la Lozère, le Gard, le Vaucluse, l’Hérault, l’Aveyron, le Tarn, le Tarn et Garonne, l’Aude, le Lot, le Lot et Garonne, la Haute Garonne and le Gers.
Persons: Cecile Mantovani, Mont, Aurelien Rousseau, Jerome Despey, FNSEA, Marc Fesneau, Dominique Vidalon, Sybille de la, Angus MacSwan, Bernadette Baum, Conor Humphries Organizations: REUTERS, Authorities, Agriculture, Thomson Locations: Lyon, France, Rhone, Blanc, Europe's, Haute, Savoie, Mont Blanc, Provence, Drome, Ardeche, Loire, l’Ain, la, l’Isère, le Gard, le Vaucluse, l’Hérault, le, Garonne, l’Aude, la Haute Garonne, le Gers, Languedoc, Burgundy, Meteo France, Toulouse
ZAPORIZHZHIA REGION, Ukraine, Aug 22 (Reuters) - Ukraine has an arsenal of high-tech Western arms to fight Russian forces, but is also deploying custom-built mini-rocket launchers that use parts taken from a Soviet-era system. [1/3]Ukrainian servicemen of the 108th Separate Brigade of Territorial Defence fire small multiple launch rocket systems toward Russian troops, amid Russia's attack on Ukraine, near a front line in Zaporizhzhia region, Ukraine August 19, 2023. It is rather ineffective to fire 10, eight or two rockets at one target," he said. He said the development of such weaponry was designed to "give an advantage to units which typically do not have this type of weapon." Reporting by Vladyslav Smilianets, Writing by Timothy Heritage; Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.
Persons: Gall, Viacheslav, Luka, Yurii Osokolanskyi, Oleksandr Musiyenko, Vladyslav Smilianets, Timothy Heritage, Bernadette Baum Organizations: Reuters, Territorial Defence Brigade, 108th, Brigade, Territorial Defence, REUTERS, Thomson Locations: Ukraine, Russian, Soviet, Ukrainian, Zaporizhzhia, United States, Zaporizhzhia region
The Chandrayaan-3 mission was launched on July 14 from India's main space port in the southern state of Andhra Pradesh. Here are key facts about the Indian Space Research Agency's (ISRO) Chandrayaan-3 mission. Rough terrain is one of the complications for a south pole landing. Russia's first moon mission in 47 years failed over the weekend when its Luna-25 spacecraft crashed into the moon. Modi said when the moon mission launched that ISRO was writing "a new chapter in India's space odyssey" and elevating "the dreams and ambitions of every Indian."
Persons: Francis Mascarenhas, Russia's, Bill Nelson, India's, Luna, Narendra Modi's, Modi, Kevin Krolicki, Bernadette Baum Organizations: REUTERS, Rights, Indian Space Research, Reuters, ISRO, Thomson Locations: Mumbai, India, Andhra Pradesh, Chandrayaan, USSR, United States, China
WASHINGTON, Aug 22 (Reuters) - Eight top Republican presidential contenders will take part on Wednesday in the first debate of the 2024 primary election cycle. All major Republican candidates will be present with one major exception: former President Donald Trump. They are also required to sign a pledge certifying that they will support the eventual Republican nominee. In some cases, during previous primary campaigns, poor performances have sunk candidacies, while strong performances have launched minor candidates into the top tier. Several more are likely, with an October debate likely to occur in Alabama, according to a person familiar with the operations of the Republican National Committee.
Persons: Joe Biden, Donald Trump, Tucker Carlson, Ron DeSantis, Mike Pence, Vivek Ramaswamy, Nikki Haley, Tim Scott, Asa Hutchinson, Chris Christie, Doug Burgum, Kim Reynolds, Evelyn Hockstein, Martha MacCallum, Bret Baier, Trump, Gram Slattery, Susan Heavey, Ross Colvin, Alistair Bell, Bernadette Baum Organizations: Fox News, Democratic, WHO, Republican, Trump, Florida, New, North Dakota, Iowa, Fair, REUTERS, Republican National Committee, Thomson Locations: Milwaukee, Fox News . Wisconsin, U.S, Tim Scott , Arkansas, New Jersey, North, Iowa, Des Moines , Iowa, California, Alabama
Parents are able to sit and observe their children play with the cats through a glass partition as they sip their coffee. "The idea came from my childhood passion for cats since and I wanted to pass it on to people," said Mea'bed. The cafe is home mainly to Persian cats, but also Turkish angora and hybrid felines. For Hala Abu Maghaseeb, 14, who has so far not convinced her parents to get her a pet cat, the cafe was a pleasant and welcome surprise during her summer school break. Some Gazans were less impressed, arguing on social media that most residents were too impoverished to welcome such a project.
Persons: Naeema Mea'bed, Hala Abu Maghaseeb, Rewa Abdel, Hadi, Nidal al, Bernadette Baum Organizations: Thomson Locations: GAZA, Gaza, Turkish, Rewa
The PayPal logo is seen at an office building in Berlin, Germany, March 5, 2019. REUTERS/Fabrizio Bensch/File Photo Acquire Licensing RightsCompanies PayPal Holdings Inc FollowLONDON, Aug 16 (Reuters) - Payments giant PayPal (PYPL.O) will stop allowing UK customers to buy cryptocurrencies through its platform from October as it works to comply with new rules on crypto promotions. Britain's financial regulator is due to bring in tougher rules to limit how crypto is advertised to British consumers, including requiring crypto firms to carry warnings about the risk and scrapping "refer a friend" bonuses. PayPal first launched crypto buying and selling in the UK in 2021. Regulators around the world are increasingly seeking to regulate crypto assets, after the collapse of several crypto firms including FTX last year left amateur investors with large losses.
Persons: Fabrizio Bensch, FTX, bitcoin, PayPal's, Elizabeth Howcroft, Bernadette Baum Organizations: PayPal, REUTERS, PayPal Holdings, Reuters, Regulators, Thomson Locations: Berlin, Germany
The new legislation will limit the amount of cannabis young adults can buy to 30 grams a month, compared to 50 grams for older adults. Scholz's government had already watered down original plans to allow the widespread sale of cannabis in licensed shops after consultations with Brussels. Instead, it said would launch a pilot project for a small number of licensed shops in some regions to test the effects of a commercial supply chain of recreational cannabis over five years. Malta became the first European country to allow limited cultivation and possession of cannabis for personal use in late 2021. The legislation presented on Wednesday includes strict rules for growing weed - cannabis clubs of up to 500 associates must have burglar-proof doors and windows, with greenhouses fenced off.
Persons: Lisi Niesner, Chancellor Olaf Scholz, Karl Lauterbach, Lauterbach, Armin Schuster, Kristine Luetke, Sarah Marsh, Andreas Rinke, Angus MacSwan, Bernadette Baum Organizations: REUTERS, Rights, Scholz's Social Democrats, Free Democrats, Thomson Locations: Brandenburg, Berlin, Germany, Europe, Saxony, Brussels, Netherlands, Switzerland, Malta
DAKAR, Aug 16 (Reuters) - More than 60 people are feared dead after a boat carrying mostly Senegalese migrants capsized off the coast of Cape Verde in the Atlantic Ocean. The boat left Senegal on July 10 with 101 passengers on board, and 38 people were rescued on Tuesday, Senegal's foreign ministry said in a statement late on Tuesday. The survivors were on the Cape Verde island of Sal, where Senegal is liaising with authorities for their repatriation, the ministry said. At least 15 people drowned when a boat carrying migrants capsized off the coast of Senegal's capital Dakar in late July. Reporting by Ngouda Dione; Additional reporting and writing by Nellie Peyton; Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.
Persons: Safa, Ngouda Dione, Nellie Peyton, Bernadette Baum Organizations: International Organization for Migration, Thomson Locations: DAKAR, Cape Verde, Senegal, Sal, Guinea, Bissau, West Africa, Canary, Spain, Senegal's, Dakar
Russia's Luna-25 spacecraft enters lunar orbit
  + stars: | 2023-08-16 | by ( ) www.reuters.com   time to read: +2 min
[1/2] A Soyuz-2.1b rocket booster with a Fregat upper stage and the lunar landing spacecraft Luna-25 blasts off from a launchpad at the Vostochny Cosmodrome in the far eastern Amur region, Russia, August 11, 2023. The Luna-25 entered the moon's orbit at 11:57 a.m. (0857 GMT), Russia's space corporate Roskosmos said. India's Chandrayaan-3 entered the moon's orbit earlier this month ahead of a planned touchdown on the south pole of the moon later this month. No Russian spacecraft has entered lunar orbit since Luna-24, the Soviet Union's 1976 moon mission, according to Anatoly Zak, the creator and publisher of www.RussianSpaceWeb.com which tracks Russian space programmes. "Entering lunar orbit is absolutely critical for the success of this project," Zak told Reuters.
Persons: Luna, India's, Anatoly Zak, Zak, Guy Faulconbridge, Andrew Cawthorne, Bernadette Baum Organizations: 2.1b, Vostochny, REUTERS, Rights, NASA, Thomson Locations: Amur, Russia, Soviet
Russia's Luna-25 spacecraft enters lunar orbit -space agency
  + stars: | 2023-08-16 | by ( ) www.reuters.com   time to read: +2 min
Roscosmos/Vostochny Space Centre/Handout via REUTERS/File photo Acquire Licensing RightsMOSCOW, Aug 16 (Reuters) - Russia's lunar spacecraft entered the moon's orbit on Wednesday, a major step towards the country's ambition of being the first to land on the moon's south pole in the search for frozen water. The Luna-25 entered the moon's orbit at 11:57 a.m. (0857 GMT), Russia's space corporate Roskosmos said. India's Chandrayaan-3 entered the moon's orbit earlier this month ahead of a planned touchdown on the south pole of the moon later this month. No Russian spacecraft has entered lunar orbit since Luna-24, the Soviet Union's 1976 moon mission, according to Anatoly Zak, the creator and publisher of www.RussianSpaceWeb.com which tracks Russian space programmes. "Entering lunar orbit is absolutely critical for the success of this project," Zak told Reuters.
Persons: Luna, India's, Anatoly Zak, Zak, Guy Faulconbridge, Andrew Cawthorne, Bernadette Baum Organizations: 2.1b, Vostochny, REUTERS, Rights, NASA, Thomson Locations: Amur, Russia, Soviet
Chevron and Woodside negotiated with unions on Tuesday to avert potential industrial action over pay and conditions at Australian facilities that supply about 10% of the LNG market. Meanwhile, workers at three Chevron facilities, Gorgon, Wheatstone platform and Wheatstone downstream, will vote on potential industrial action after the industrial umpire approved the ballots. Even if members vote for industrial action, the unions will still have discretion over whether to call for any. Possible industrial action could range from 30-minute work stoppages all the way to complete strikes. Employers must be given seven days' notice before industrial action.
Persons: Florence Tan, Saul Kavonic, Lewis Jackson, Bernadette Baum Organizations: Woodside Energy, World Gas, REUTERS, Chevron, Woodside Energy Group, Woodside, Reuters, Workers, West Shelf, Offshore Alliance, Credit Suisse, Thomson Locations: Daegu, South Korea, Woodside
[1/2] A damaged portion of Shimla-Kalka heritage rail track is pictured following torrential rain in Shimla in the northern state of Himachal Pradesh, India, August 15, 2023. REUTERS/StringerNEW DELHI, Aug 15 (Reuters) - Rescuers pulled out more bodies on Tuesday after landslides in India's Himayalas over the weekend buried homes and buildings, killing at least 57 people and leaving 10 still trapped or missing, officials said. The destruction from the landslides was severe in India's Himachal Pradesh, where structures were swept away under rocks and falling trees, roads had caved in, and power and the railway network disrupted. Two people also died in neighbouring Uttarakhand state in rain-related incidents. Heavy rain is forecast to continue until Wednesday in parts of Himachal Pradesh and neighbouring Uttarakhand.
Persons: Stringer, Sukhvinder Singh Sukhu, Praveen Bhardwaj, Bhardwaj, P.L, Sharma, Lata, Shivam Patel, Bernadette Baum Organizations: REUTERS, DELHI, Reuters, Thomson Locations: Shimla, Himachal Pradesh, India, India's Himayalas, Pakistan, Nepal, India's Himachal Pradesh, Uttarakhand, New Delhi
Alchemation, known for the international hit "SIX," is among an increasingly established presence of musical theatre at the Fringe, which takes over the Scottish capital for the month of August. The company's "Hello Kitty Must Die," based on the novel by Hong Kong-born, U.S.-based writer Kate Kamen (formerly Angela S. Choi) is playing at Edinburgh's Pleasance until Aug. 27. It transferred to London's West End, where it was spotted by Alchemation, which took it to Broadway and beyond. It is the first time one of its diversity grants has supported a musical as the genre cements its presence. The Pleasance alone has 16 musicals this year, its most yet, it said, out of roughly 140 across the Fringe as a whole.
Persons: Lucas McMahon, Kitty, Kate Kamen, Angela S, Choi, Edinburgh's Pleasance, Anthony Alderson, Henry VIII, Alderson, Levi Roots, Ray Shell, Barbara Lewis, Sarah Mills, Bernadette Baum Organizations: Edinburgh Fringe, SIX, Scottish, Reuters, Edinburgh's, Pleasance Theatre Trust, Broadway, Thomson Locations: York, Hong Kong, U.S, Edinburgh, Cambridge, New York, London
Former Wall Street Journal reporter Jay Solomon poses for a photograph in front of a building in Bethesda, Maryland, U.S., September 28, 2022. REUTERS/Raphael Satter/File PhotoLaw Firms Dechert LLP FollowWASHINGTON, Aug 15 (Reuters) - Former Wall Street Journal reporter Jay Solomon has ended his lawsuit against Dechert LLP and two of its former partners, saying in a filing made public late on Monday that he was voluntarily dismissing his claims against the law firm. Dechert and its lawyers didn't return messages. Representatives for the other defendants in the suit, which is still active, didn't return messages. Dechert still faces other claims connected to the hiring of Indian hackers to win cases, including a lawsuit filed in New York last year by Solomon's former source, the aviation tycoon Farhad Azima.
Persons: Jay Solomon, Raphael Satter, Dechert, Solomon, Neil Gerrard, Farhad Azima, Bernadette Baum Organizations: Wall Street, REUTERS, WASHINGTON, Thomson Locations: Bethesda , Maryland, U.S, Philadelphia, India, Dechert, New York
A general view of the facade of Banco de la Nacion Argentina (Bank of the Argentine Nation), in Buenos Aires, Argentina December 7, 2021. The official FX rate will be fixed at 350 pesos per dollar until the October elections, the central bank said. The country's sovereign dollar bonds fell as much as 2 cents on the dollar, with the 2038 note leading the slide, according to MarketAxess data. Latin America's third-largest economy has been grappling with a severe economic crisis with sky-high inflation and falling central bank reserves. A candidate needs 45% of the Oct. 22 vote to win outright or 40% and a 10-point lead over second place.
Persons: Agustin Marcarian, Javier Milei, William Jackson, overvalued, Sunday's, Goldman Sachs, Patricia Bullrich, Sergio Massa, Ricardo Delgado, Eliana Raszewski, Rodrigo Campos, Jorge Otaola, Medha Singh, Adam Jourdan, Bernadette Baum, John Stonestreet, Andrew Cawthorne Organizations: de la Nacion Argentina, Bank of, Argentine, REUTERS, LONDON, Capital Economics, Investment, JPMorgan, Gross, Milei, Peronist, Economy, Analytica, Reuters Graphics Reuters, International Monetary Fund, IMF, Qatar, Thomson Locations: Buenos Aires, Argentina, Agustin Marcarian BUENOS AIRES, MERV, Argentine, refinance, Washington, Rosario
Italy PM Meloni takes 'full responsibility' for bank tax
  + stars: | 2023-08-14 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Jonathan Ernst/File PhotoMILAN, Aug 14 (Reuters) - Italian Prime Minister Giorgia Meloni on Monday took "full responsibility" for last week's shock decision to impose a one-off bank tax that has been blamed for causing lasting damage to her government's credibility with financial markets. In comments to Italian newspapers Corriere della Sera, la Repubblica and La Stampa, Meloni said the 40% levy had no punitive intent. The new tax targets a rise in profits banks have derived from higher rates. Sources told Reuters when the measure was announced the Treasury expected to draw less than 3 billion euros ($3.3 billion) from the tax. With Economy Minister Giancarlo Giorgetti noticeably absent from the press conference to announce the tax, Meloni said he had been informed about the decision.
Persons: Giorgia Meloni, Joe Biden, Jonathan Ernst, MILAN, Meloni, Giancarlo Giorgetti, France's Marie Le Pen, Claudia Cristoferi, Federico Maccioni, Valentina Za, Bernadette Baum Organizations: Italy's, U.S, White, REUTERS, Italian, della, Repubblica, la Repubblica, Reuters, Treasury, Forza Italian, Thomson Locations: Washington , U.S, La, la
A general view of the facade of Banco de la Nacion Argentina (Bank of the Argentine Nation), in Buenos Aires, Argentina December 7, 2021. REUTERS/Agustin MarcarianBUENOS AIRES/LONDON, Aug 14 (Reuters) - Argentina's markets face an election hangover on Monday after a shock primary vote win for far-right libertarian Javier Milei - who wants to axe the central bank and dollarize the economy - shook up the race towards presidential elections in October. Rock-singing, wild-haired economist and lawmaker Milei far outperformed forecasts to win some 30% of the vote, the largest share with over 90% of ballots counted. Latin America's third-biggest economy has been grappling with a severe economic crisis with sky-high inflation and falling central bank reserves. A candidate needs 45% of the Oct. 22 vote to win outright or 40% and a 10-point lead over second place.
Persons: Agustin Marcarian, Javier Milei, Milei, Diego Pereira, Milei's, Goldman Sachs, Patricia Bullrich, Sergio Massa, Ricardo Delgado, Eliana Raszewski, Jorge Otaola, Adam Jourdan, Stephen Coates, Bernadette Baum Organizations: de la Nacion Argentina, Bank of, Argentine, REUTERS, LONDON, Investment, JPMorgan, Reuters Graphics Reuters, Gross, Peronist, Economy, Analytica, International Monetary Fund, Qatar, Thomson Locations: Buenos Aires, Argentina, Agustin Marcarian BUENOS AIRES, U.S, Argentine, refinance, Washington, Rosario
Foreign tourism to Portugal registers best-ever first half
  + stars: | 2023-08-14 | by ( ) www.reuters.com   time to read: +1 min
LISBON, Aug 14 (Reuters) - The number of foreign tourists visiting Portugal surpassed eight million in January-June, making it the best first half on record, official data showed on Monday. Tourism, a key driver of Portugal's economy, accounted for almost 15% of gross domestic product before the pandemic. Visitors from Britain made up the largest share of total arrivals in the first half, with over one million visitors, closely followed by the Spanish and U.S. markets. In June, the United States, which has significantly grown as a source of tourism to Portugal, represented the second-largest group of foreign visitors. ($1 = 0.9142 euros)Reporting by Patrícia Vicente Rua; Editing by Andrei Khalip and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.
Persons: Patrícia Vicente Rua, Andrei Khalip, Bernadette Baum Organizations: National Statistics Institute, Spanish, International Air Transport Association, Thomson Locations: LISBON, Portugal, Britain, U.S, United States, Southern Europe
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