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☆ Crunch time after string of aggressive central bank rate hikes
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +5 min

Major central banks have confounded economists with a string of interest rate rises that, so far, have moderated inflation without causing global recession. So far, nine developed economies have raised rates by a combined 3,915 bps in this cycle. Reuters Graphics2) NEW ZEALANDThe Reserve Bank of New Zealand lifted its cash rate to a 14-year high of 5.5% in May and has kept it there since. Reuters Graphics7) AUSTRALIAThe Reserve Bank of Australia kept rates steady at 4.1% for a third consecutive meeting in September, the last under former Governor Philip Lowe. Reuters Graphics10) JAPANThe Bank of Japan, the world's most dovish major central bank, meets next week.

Persons: BoE, Macklem, Philip Lowe, Lowe's, Michele Bullock, Naomi Rovnick, Harry Robertson, Samuel Indyk, Nell Mackenzie, Alun John, Yoruk Bahceli, Chiara Elisei, Vincent Flasseur, Sumanta Sen, Pasit, Dhara Ranasinghe, Sharon Singleton Organizations: European Central Bank, U.S . Federal Reserve, UNITED, Reuters, Federal Reserve, Reserve Bank of, BRITAIN, of England, CANADA Bank of Canada, Bank of Canada, ECB, Norges Bank, SWEDEN Traders, Swiss, Bank of Japan, Thomson Locations: U.S, Japan, Reserve Bank of New Zealand, NORWAY, Reserve Bank of Australia, SWEDEN, Swedish, SWITZERLAND Swiss, JAPAN

The storied and fragile lagoon city is not alone in its struggle to manage an onslaught of tourists in the low-cost flight era. But the stakes are particularly high this week as the UNESCO World Heritage Committee decides whether to add Venice to its list of endangered world sites. Critics charge that the tax was rushed through to impress the UNESCO committee that the city is acting to curb mass tourism. The recommendation to downgrade Venice cites not only management of mass tourism, but also the impact of climate change. Venice is one of six sites, including two in war-ravaged Ukraine, that the committee may officially declare to be in danger.

Persons: ’ ’, Michele Zuin, Saint Organizations: UNESCO World Heritage Committee, UNESCO, Venice Locations: VENICE, Italy, Venice, Rome, St, Ukraine, Ukraine’s, Kyiv, Lviv, Nessebar, Bulgaria, Turkey, Kamchatka, Russia’s

BRUSSELS (AP) — The leaders of Serbia and Kosovo held a long-awaited face-to-face meeting on Thursday in talks aimed aimed at improving their strained relations as calls mount for a change in the Western diplomatic approach toward them amid concern that their tensions could spiral out of control. Serbian President Aleksandar Vučić and Kosovo Prime Minister Albin Kurti are in Brussels for talks under the so-called Belgrade-Pristina dialogue process, supervised by European Union foreign policy chief Josep Borrell. Serbia and its former province of Kosovo have been at odds for decades. Their 1998-99 war left more than 10,000 people dead, mostly Kosovo Albanians. Kosovo unilaterally declared independence in 2008 but Belgrade has refused to recognize the move.

Persons: Aleksandar Vučić, Albin Kurti, Josep Borrell, Kurti, Borrell, Angelo Michele Ristuccia, “, ”, aren't, Vladimir Putin, Kosovo — Organizations: Serbian, Kosovo, European Union, NATO, KFOR, United Locations: BRUSSELS, Serbia, Kosovo, Brussels, Belgrade, Pristina, Kosovo Albanians, Serbian, United States, Russia, Ukraine, West, Moscow, Balkans, Yugoslavia

☆ During stressful periods at work and in his personal life, Elon Musk would stay awake at night and vomit. He says working so hard has 'taken its toll.'
▼ + stars: | 2023-09-13 | by ( Pete Syme | Grace Dean | ) www.businessinsider.com time to read: +4 min

"I've been burning the candle at both ends with a flamethrower for a very long time," he told Isaacson. During this period, he also visited Aston Martin's CEO, who was dismissive of the EV movement, Isaacson wrote. Isaacson wrote that in the middle of the night, Musk would flail around and sleep-talk to himself. "Night after night, Musk sat upright on the edge of his bed next to Grimes, unable to sleep," Isaacson wrote. Michele Tantussi/Getty ImagesAs dawn came, Musk told her about his vision for Tesla's Autonomy Day.

Persons: Walter Isaacson's, Elon, Isaacson, Isaacson's, Musk, Aston, Talulah Riley, Tesla, Riley, Grimes, Auguste Rodin, Michele Tantussi, texted Isaacson Organizations: Service, Royal Aeronautical Society, SpaceX, Aston Martin's, EV, Autonomy Locations: Wall, Silicon, London, Cabo San Lucas, Mexico

☆ The Fed may do a policy U-turn and slash interest rates as soon as year-end - because a recession almost here, J.P. Morgan Asset Management's CIO says
▼ + stars: | 2023-09-13 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

The Fed may cut rates as soon as year-end as a recession hits the US economy, according to J.P. Morgan Asset Management's CIO. Such a move would be similar to how the Fed dropped its "transitory" call on inflation and started raising rates, he said. "They're going to tell us that they're going to keep rates higher for longer until inflation is at their target. "I think this time for them to cut rates, they're going to have to see unemployment go up. So it's possible that they may actually tip the economy into recession first before they start cutting rates, which would be something new for them.

Persons: we'll, Bob Michele, Michele, J.P, Morgan Asset's Michele Organizations: Morgan, Fed, Service, Federal Reserve, Morgan Asset Management, Bloomberg Television, Bloomberg Locations: Wall, Silicon

The advisers also told the FDA that studying phenylephrine at higher doses was not an option because it can push blood pressure to dangerous levels. This time, the 16 members of the FDA panel unanimously agreed that current evidence doesn't show a benefit for the drug. Additionally, three larger, rigorously conducted studies published since 2016 showed no difference between phenylephrine medications and placebos for relieving congestion. Those studies were conducted by Merck and Johnson & Johnson and enrolled hundreds of patients. Like many other over-the-counter ingredients, phenylephrine was essentially grandfathered into use during a sweeping FDA review begun in the 1972.

Persons: Allegra, Dayquil, ”, Mark Dykewicz, Johnson, Paul Pisaric, “, Jennifer Schwartzott, Peter Starke, drugmakers, Theresa Michele Organizations: WASHINGTON, Food and Drug Administration, Saint Louis University School of Medicine, FDA, Bayer, Archwell Health, University of Florida, Merck, Johnson, Consumer Healthcare Products Association, Congress, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: Oklahoma

☆ Sarah Burton Exits Alexander McQueen
▼ + stars: | 2023-09-11 | by ( Elizabeth Paton | More About Elizabeth Paton | ) www.nytimes.com time to read: +3 min

Ms. Burton, then its head of women’s wear, had been working with Mr. McQueen since 1996, when she started at his label as an intern after graduating from Central Saint Martins, the design school in London. Within a year of her succeeding Mr. McQueen as the brand’s creative director, Ms. Burton created the Princess of Wales’s ivory lace wedding gown, which became more famous than any dress designed by Mr. McQueen. Ms. Burton, who rose to lead a fashion house in an industry still largely dominated by men, helped Alexander McQueen evolve from a label beloved by fashion superfans into a modern luxury powerhouse. Kering, which bought a 51 percent stake in Alexander McQueen in 2001, is also reconfiguring its organization and its assets. The conglomerate has appointed Maureen Chiquet, a former chief executive at Chanel, to its board of directors and has named Francesca Bellettini, the chief executive of Saint Laurent, as the deputy chief executive of Kering’s portfolio of brands.

Persons: Burton, McQueen, Ms, . McQueen, Prince Harry’s, Meghan Markle, Queen Elizabeth II, Alexander McQueen, “, Sarah, ” François, Henri Pinault, Burton’s, Gabriela Hearst’s, Jeremy Scott’s, Alessandro Michele’s, Maureen Chiquet, Francesca Bellettini, Saint, Pinault Organizations: Central Saint Martins, Gucci, New York, Creative Artists Agency Locations: London, Chloé, Moschino, China, Saint Laurent, Hollywood, Valentino

☆ How electrified roads could help fix America's electric vehicle charging problem
▼ + stars: | 2023-09-11 | by ( Liam Mays | ) www.cnbc.com time to read: +1 min

Electric vehicles are taking up an increasing percentage of the overall auto market share every year — rising from 4% in 2020 to 14% last year. Among the holdouts, a lack of charging infrastructure seems to be one of consumers' most common reasons for not switching from gas to electric vehicles. But now, electric road projects are appearing across the world as a potential solution to supplement static charging, allowing EV drivers to wirelessly charge their cars while they drive. Israel-based Electreon is one wireless EV charging provider with many pilot projects and case studies in operation in Sweden, Norway and Italy, among others. Electreon is also taking part in the first electric road project in the U.S. in Detroit, which is expected to be constructed within the next year.

Persons: Stefan Tongur, Electreon, Michele Mueller Organizations: EV, CNBC, Swedish Transport Administration, Michigan Department of Transportation Locations: Electreon, Israel, Sweden, Norway, Italy, Visby, U.S, Detroit

☆ Western sanctions on Russia could push the BRICS alliance closer
▼ + stars: | 2023-09-11 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +3 min

Michele Spatari | Afp | Getty ImagesSINGAPORE — Sanctions imposed by the West on Russia are pushing the BRICS nations closer, said oil executives at the recent APPEC conference in Singapore. "Looking at the oil markets today ... the Western sanctions on Russia are working. The BRICS alliance includes Russia, as well as Brazil, India, China and South Africa. The BRICS nations have had different brushes in their relationships with the West. BRICS is the candidate," Fereidun Fesharaki, chairman of energy consultancy Facts Global Energy, said at a panel discussion during the event.

Persons: Michele Spatari, Russell Hardy, Hardy, Argentina —, Fereidun Fesharaki, Moscow leapfrogging, Fesharaki Organizations: Afp, Getty, SINGAPORE —, West, European Union, UAE, U.S ., U.S, Treasury, Global Energy Locations: South Africa, Brazil, Russia, India, China, Sandton, Johannesburg, SINGAPORE, Singapore, Ukraine, European, Western, Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, Moscow

☆ Greek rescue teams move into worst-hit flood villages
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Alexandros Avramidis Acquire Licensing RightsATHENS, Sept 9 (Reuters) - Rescue teams took people out of floodwaters in inflatable boats and in bulldozers on Saturday as they moved into villages hit hardest by a sweeping rainstorm that killed at least 10 people in central Greece this week. Authorities, who have struggled to evacuate people from flooded areas, raised the death toll to 10 people on Friday afternoon. On Saturday, rescue teams were moving into villages near the city of Larissa and close to the River Pineios. Extreme weather events have struck across the globe in recent weeks, with floods in Scandinavia, southeast Europe and Hong Kong. Reporting by Stamos Prousalis, Renee Maltezou, Lefteris Papadimas and Michele Kambas Editing by Frances KerryOur Standards: The Thomson Reuters Trust Principles.

Persons: Storm Daniel, Alexandros Avramidis, Stamos Prousalis, Renee Maltezou, Lefteris Papadimas, Michele Kambas, Frances Kerry Organizations: REUTERS, Rights, pummelled, Authorities, Thomson Locations: Greece, Palamas, pummelled Greece, Larissa, Thessaly, Karditsa, Athens, Thessaloniki, Scandinavia, Europe, Hong Kong, India

☆ Pinault’s Hollywood foray is untimely distraction
▼ + stars: | 2023-09-08 | by ( Pierre Briancon | ) www.reuters.com time to read: +4 min

REUTERS/Charles Platiau Acquire Licensing RightsLONDON, Sept 8 (Reuters Breakingviews) - The story of European business trying to mingle with Hollywood has often led to unhappy endings. The Pinault family, which controls $61 billion luxury group Kering (PRTP.PA), thinks it can buck the trend. Pinault may have overpaid for CAA, especially in the middle of a major strike of Hollywood writers and actors. The transaction, through holding company Artemis, adds Hollywood's premiere talent agency to Pinault’s family empire which spans fashion, wine and contemporary art. CAA was valued at $1.1 billion when TPG acquired a majority stake in 2014, four years after having originally invested in the talent agency.

Persons: Francois, Henri Pinault, Kering, Charles Platiau, Tom Hanks, Steven Spielberg, François, Ari Emanuel’s, Artemis ’, Gucci, Alessandro Michele, Pinault, Jean, Kering’s, Valentino, Brad Pitt, Salma Hayek, Lisa Jucca, Streisand Neto Organizations: REUTERS, Reuters, Hollywood, Universal Studios, Creative Artists Agency, CAA, Gucci, TPG, Endeavor, Thomson Locations: Paris, France, bask

Homes were carried away by torrents, vital infrastructure was destroyed and crops in the country's second-largest tract of farmland wiped out. "I don't think we have realised the magnitude of this disaster yet," Professor Efthymios Lekkas, a disaster management expert, told state broadcaster ERT on Friday. "We have been on the mountain," Dimitris, one of the stranded villagers, told Skai television. One of the breadbaskets of Greece, Thessaly represents about 15 percent of the country's annual agricultural output. ($1 = 0.9328 euros)Additional reporting by Michele Kambas; Writing By Michele Kambas; editing by John StonestreetOur Standards: The Thomson Reuters Trust Principles.

Persons: Louisa Gouliamaki, Efthymios Lekkas, George Tsatrafyllias, Kyriakos Mitsotakis, Kostas Agorastos, Dimitris, Lekkas, Michele Kambas, John Stonestreet Organizations: REUTERS, Greece Storm ebbs, ERT, Thomson Locations: Larissa, Greece, Thessaly, London, Thessaloniki, Vlochos, Karditsa

The rivalry game between Iowa and Iowa State always ratchets up the intensity of both fan bases every year, even if the two programs are unranked as they are this season. Five Iowa State players who were projected to be starters before the season are suspended. Other football players are suspended as the two schools head into their 70th overall meeting in a series that began in 1894. Iowa State quarterback Hunter Dekkers, running back Jirehl Brock, offensive lineman Jacob Remsburg, tight end DeShawn Hanika and defensive lineman Isaiah Lee were charged. Both teams won their openers last week, and the absences of the suspended players did not appear to make an impact.

Persons: Ames, Donald Trump, “, Kirk Ferentz, ”, Tom Stawniak, Stawniak, Max Urick, ” Stawniak, Garrett Yager, You’ve, Hunter Dekkers, Jirehl Brock, Jacob Remsburg, Isaiah Lee, Noah Shannon, Michele Wiggins, ” Wiggins, there’s, Schultz, John Albeck, Nick Allman, they're, John Bohnenkamp Organizations: Iowa State, Five Iowa State, NCAA, Hawkeyes, ” Iowa’s, Criminal Investigations, Iowa, Cyclones, Associated Press, AP Locations: Iowa, ” Iowa, Urbandale , Iowa, Bellevue , Nebraska, Omaha , Nebraska, Omaha, Iowa City

☆ Venice entry fee will start next year
▼ + stars: | 2023-09-06 | by ( Julia Buckley | ) edition.cnn.com time to read: +6 min

CNN —Venice has finally revealed the details for its entrance fee, making it the first city in the world to charge daytripper visitors. But this isn’t a permanent move yet – the Venice authorities have committed to a 30-day “experiment,” according to mayor Luigi Brugnaro, who shared the news on Twitter/X. Daytrippers over the age of 14 entering the “old city” of Venice – the entirety of the lagoon city – will have to pay. Andrea Merola/Bloomberg/Getty ImagesPreviously, Venturini had announced that the entrance fee – which has been discussed since 2019 – would start in January 2023. Venice may be the first city to introduce a fee, but already one village in Italy has introduced a charge for daytrippers.

Persons: we’ll, Stanley Tucci, CNN —, they’re, Luigi Brugnaro, accesso, –, Simone Venturini, ”, Stefano Mazzola, Michele Zuin, Andrea Merola, Venturini, “ Covid, ” Venturini, it’s Ferragosto, Civita, Bagnoregio, Francesco Bigiotti, Venice’s Organizations: CNN, intel, “, Bloomberg, Getty, RAI, UNESCO Locations: CNN — Venice, Venice, Murano, Veneto, Tourism, Italy, ”

☆ Opinion: Why a G20 without Putin and Xi could be a fantastic opportunity
▼ + stars: | 2023-09-06 | by ( Opinion David A. Andelman | ) edition.cnn.com time to read: +9 min

CNN —This might have been an opportunity for world leaders to bridge a host of chasms that are opening up, as G20 conferences have in the past. Yet this will be the first G20 that Xi has skipped in the decade he’s served as China’s president. The hope is that, without distractions from the presence of Xi and Putin, the G20 will be able to focus more directly on just such urgent issues. Certainly, it removes an opportunity to pressure Xi into restraining shipment of technology and equipment to Russia that could help its war in Ukraine. So, this G20 — uniquely absent Xi and Putin — is an important opportunity to showcase China’s failings, confirm Russia’s status as a pariah and ratify America’s place as a global leader.

Persons: David A, David Andelman, Vladimir Putin, Sergey Lavrov, Xi, Li Qiang, Putin, Narendra Modi, —, Joe Biden, Antony Blinken, he’s, Blinken, Biden, Lavrov, ”, “, …, there’s, Michele Spatari, Biden’s, Putin — Organizations: CNN, French Legion of, The New York Times, CBS News, David Andelman CNN, International Criminal Court, ICC, America, NBC, Putin, Indian, Sunday, Asia Pacific Economic Cooperation, United, Twitter, Facebook, Biden Locations: New Delhi, India, Bali , Indonesia, China, Washington, Johannesburg, South Africa, Arunachal Pradesh, Beijing, ” China, San Francisco, Russian, AFP, Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, United Arab Emirates, Russia, Africa, Ukraine, Vietnam, Asia, American, Southeast Asia, America

☆ Get Ready for the New Gucci, and Other Surprises of the Fashion Season
▼ + stars: | 2023-09-05 | by ( Vanessa Friedman | More About Vanessa Friedman | ) www.nytimes.com time to read: +1 min

After seasons of relative calm and predictability (some might say stultifying sameness), Milan has become the city to watch, with the two debuts of the season. First up: Sabato De Sarno at Gucci. Then there’s Peter Hawkings, another longtime deputy, who became the creative director of Tom Ford in April after the brand was sold to Estée Lauder and Mr. Ford stepped down. Mr. Hawkings worked beside Mr. Ford for decades, and judging by his official portrait, is very much in the mold of his mentor (down to the tinted aviators). The result is pretty much guaranteed to remind of us what we lost when we lost the very talented Mr. Moschino at only 44 in 1994 and why brand founders really matter.

Persons: Sabato De Sarno, Gucci, Valentino, Alessandro Michele, Peter Hawkings, Tom Ford, Estée Lauder, Ford, Hawkings, Jeremy Scott, — Katie Grand, Carlyne Cerf, Dudzeele, Gabriella Karefa, Johnson, Lucia Liu —, Moschino Organizations: Mr Locations: Milan

☆ Lea Michele Ends ‘Dream’ Run in ‘Funny Girl’ After Reinvigorating Show
▼ + stars: | 2023-09-03 | by ( Julia Jacobs | ) www.nytimes.com time to read: +1 min

“That was my dream come true,” Lea Michele gushed from the stage on Sunday after her final performance in “Funny Girl,” the Broadway revival that the actress breathed new life into when its future looked grim one year ago. Michele’s sudden addition to the production, which closed with its star’s exit, stretched its run to nearly 600 performances and allowed it to recoup its capitalization costs — far from a guarantee on Broadway. “I was embraced with open arms the minute I came in.”Just as Michele reversed the show’s fortunes, “Funny Girl” appeared to have reversed hers. Three years ago, Michele’s celebrity had been clouded by a wave of criticism over bullying behavior and a prima donna attitude. Since she stepped in as the show’s lead, Michele has reassumed the role of a celebrated Broadway star, announcing Tony nominees, performing on late-night shows and booking a solo concert this fall at Carnegie Hall.

Persons: ” Lea Michele gushed, basked, ”, ” Michele, Michele, Tony Organizations: Broadway, Carnegie Hall

☆ Cyprus police make more arrests as racism-fuelled violence spreads
▼ + stars: | 2023-09-03 | by ( ) www.reuters.com time to read: +3 min

NICOSIA, Sept 3 (Reuters) - Police in Cyprus have made 20 arrests after a spate of racism-fuelled violence against migrants which erupted in the west of the island last week and spread to its southern city of Limassol in a weekend rampage. Last week Syrians living in Chlorakas, a village in western Cyprus, were targeted by hooded attackers in sporadic incidents over two days, leading to 22 arrests. Overnight Saturday to Sunday, three people from southeast Asia were attacked and robbed, state media said. Among the victims of the weekend's violence were a group of visitors from Kuwait, according to social media accounts of witnesses. "This isn't the Cyprus I was born, raised, had a family and am getting old in," he said.

Persons: Kyriakos Kouros, Michele Kambas, Ros Russell Organizations: Police, Migrants, Reuters, Turkish, Ministry of Foreign Affairs, Thomson Locations: NICOSIA, Cyprus, Limassol, Chlorakas, Asia, East, Africa, Turkish, Kuwait

☆ Mining magnate Steinmetz held in Cyprus on Romanian warrant
▼ + stars: | 2023-09-03 | by ( ) www.reuters.com time to read: +1 min

Israeli billionaire Beny Steinmetz leaves the courthouse after a verdict on corruption charges, in Geneva, Switzerland January 22, 2021. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsJERUSALEM, Sept 3 (Reuters) - Israeli mining magnate Beny Steinmetz has been detained in Cyprus on a Romanian-issued arrest warrant, a spokesperson for Steinmetz said on Sunday. Steinmetz is at the centre of a case dating back several years relating to his involvement in a group that allegedly tried to illegally secure land rights in Romania. He has already faced arrest in some other European countries on the Romania-issued warrant but was cleared. Steinmetz was detained on Thursday "during his arrival at Larnaca airport, due to a European Arrest Warrant (EAW) issued by the Romanian authorities, which has already been cancelled in various European countries, among them Greece and Italy," his spokesperson said.

Persons: Beny Steinmetz, Denis Balibouse, Steinmetz, Steven Scheer, Ari Rabinovitch, Michele Kambas, Susan Fenton Organizations: REUTERS, Rights, Cyprus police, State, Thomson Locations: Geneva, Switzerland, Cyprus, Romanian, Romania, Larnaca, Greece, Italy, Guinea

☆ Netanyahu rues his foreign minister's disclosure of meeting with Libyan counterpart
▼ + stars: | 2023-09-03 | by ( ) www.reuters.com time to read: +2 min

JERUSALEM, Sept 3 (Reuters) - Israeli Prime Minister Benjamin Netanyahu on Sunday appeared to shift blame to his top diplomat for the disclosure of a secret meeting with the Libyan foreign minister that has caused a backlash in Tripoli. Israeli Foreign Minister Eli Cohen's office on Aug. 26 went public with his having met Najla Mangoush, his Libyan counterpart, in Italy earlier in the month. The statement came on the heels of an Israeli media report about the meeting. The news triggered protests in Libya, which does not recognise Israel and where pro-Palestinian sentiment is strong, and led Prime Minister Abdulhamid al-Dbeibah to fire Mangoush. In the ANT1 interview, Netanyahu called the handling of the Cohen-Magoush meeting "an exception to the rule".

Persons: Benjamin Netanyahu, Eli Cohen's, Najla Mangoush, Abdulhamid, Netanyahu, I've, Cohen, Dan Williams, Michele Kambas, Hugh Lawson Organizations: Libyan, Cypriot TV, Thomson Locations: Tripoli, Israeli, Italy, Libya, Israel, United States

☆ Feel anxious when you don't have your cell phone? You may have 'nomophobia'—how to spot the signs
▼ + stars: | 2023-09-02 | by ( Renée Onque | ) www.cnbc.com time to read: +2 min

Symptoms of nomophobia mirror those of an addiction or other anxiety disorders and can include:"Nomophobes are those who exhibit an addiction to their mobile phone," research published in BMC Psychiatry in July states. Nomophobia , short for "no mobile phone phobia," is a term used to describe the anxiety a person experiences when they don't have access to their mobile phone. Teenagers are the most affected by nomophobia, according to research published in BMC Psychiatry, but any age group can struggle with it. Additionally, "being distracted all of the time is very unhealthy for relationships," Leno notes. "We're sacrificing the happiness and potential health of [those] relationships because we care more about the phone."

Persons: Michele Leno, Michele, Leno, Blair Steel Organizations: BMC Psychiatry, CNBC

☆ Take Five: A September to remember?
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +5 min

[1/2] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 29, 2023. 1/ SCARY SEPTEMBERNow the Federal Reserve's Jackson Hole confab is over, investors are strapping in for a potentially volatile month. Reuters Graphics2/ THE SICK MAN OF EUROPEGermany looks likely to be the only major economy to contract this year. No wonder the region's economic powerhouse is once again being called the sick man of Europe. But economists are sceptical, noting that at just 0.2% of GDP, the package is no game-changer and that the sick man will need more medicine.

Persons: Brendan McDermid, Ira Iosebashvili, Kevin Buckland, Dhara Ranasinghe, Libby George, Naomi Rovnick, Jackson, Jerome Powell, Olaf Scholz, Xi Jinping, Philip Lowe, Michele Bullock, BoE, Amanda Cooper, John Stonestreet Organizations: New York Stock Exchange, REUTERS, Federal, Reuters, ECB, Germany's, Reserve Bank of Australia, Traders, Bank of, British Retail Consortium, Reuters Graphics, Thomson Locations: New York City, U.S, Ira, New York, Tokyo, London, Germany, Europe, Pakistan, Sri Lanka, Ghana, Zambia, Delhi, China, Bullock, Bank of England, Halifax

The Chevron office is pictured after the U.S. government granted a six-month license allowing Chevron to boost oil output in U.S.-sanctioned Venezuela, in Caracas, Venezuela December 2, 2022. The Chevron-led (CVX.N) consortium proposed connecting the Aphrodite gas field via a subsea pipeline and existing infrastructure to Egypt, where the gas can be sold in the domestic market or liquefied and shipped to Europe, which has largely been cut off from Russian supplies. The partners have engaged in a new round of talks with the Cypriot government, Israel's NewMed (NWMDp.TA), which is a partner in the Aphrodite field, said earlier this week. Chevron is a partner in the field with NewMed and Shell (SHEL.L). "We believe it is important that Aphrodite is expeditiously developed for the benefit of Cyprus, the Eastern Mediterranean region and European and other international markets," Chevron said.

Persons: Gaby Oraa, George Papanastasiou, Papanastasiou, Israel's, Biden, expeditiously, Chevron, Mark Potter, Leslie Adler Organizations: Chevron, U.S, REUTERS, Washington, Cypriot Energy, Reuters, Cypriot, Shell, Cypriot Government, Thomson Locations: Venezuela, Caracas, Cyprus, U.S, Egypt, Europe, Republic of Cyprus, United States, Ukraine, Nicosia

☆ RBA to hold rates at 4.10% on Tuesday, but will hike again next quarter: Reuters poll
▼ + stars: | 2023-09-01 | by ( Devayani Sathyan | ) www.reuters.com time to read: +3 min

Two respondents in the Aug 30-Sept 1 poll expected a 25 basis point (bps) hike. Among major local banks, ANZ, CBA, and Westpac expected rates to remain unchanged until at least end-2023, while NAB predicted one more rate hike to 4.35% in November. Three economists expected two more 25 bps hikes in the fourth quarter. While BlackRock and Deutsche Bank expected hikes in November and December, Citi expected moves in October and November. "We think they'll maintain the tightening bias and there may be further risk of a rate hike later in the year," said Benjamin Picton, senior strategist at Rabobank.

Persons: Daniel Munoz, Taylor Nugent, Michele Bullock's, Benjamin Picton, Devayani Sathyan, Susobhan Sarkar, Anant Chandak, Ross Finley, Kim Coghill Organizations: Reserve Bank of Australia, REUTERS, Rights, NAB, ANZ, CBA, Westpac, BlackRock, Deutsche Bank, Citi, Rabobank, Thomson Locations: Sydney, Australia

CNN —The death toll from a fire in a five-story building in central Johannesburg has risen to 63, according to the city’s emergency services. The fire has now been extinguished, rescue officials said, and emergency services are conducting recovery operations. The building in central Johannesburg as seen on the morning of August 31, 2023. Johannesburg’s emergency services confirmed that the fire had been reported at around 1:30 a.m. local time Thursday. “Officials from City of Johannesburg Disaster Management have been activated to start facilitating relief for affected families,” it added.

Persons: Robert Mulaudzi, Mulaudzi, Michele Spatari Organizations: CNN, City of, City of Johannesburg Disaster Management Locations: Johannesburg, AFP, City, City of Johannesburg

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