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REUTERS/Michele Tantussi/File Photo Acquire Licensing RightsSTOCKHOLM, Aug 31 (Reuters) - Advocacy group Noyb on Thursday filed complaints against Google-owned Fitbit in Austria, the Netherlands and Italy accusing the fitness tracking company of violating the European Union's General Data Protection Regulation (GDPR) privacy regime. Vienna-based Noyb (None Of Your Business), the digital rights group founded by privacy activist Max Schrems, has already filed hundreds of complaints against big tech companies ranging from Alphabet Inc's (GOOGL.O) Google to Meta over privacy violations, some leading to big fines. Fitbit forces its users to consent to data transfers outside the EU and does not provide the possibility to withdraw their consent, violating GDPR's requirements, Noyb said. Fines for violating GDPR rules can reach up to 4% of a firm's global annual revenue. While GDPR allows every person to withdraw their consent, Fitbit's privacy policy states that the only way to withdraw consent is to delete an account, which means losing their previously tracked workouts and health data, Noyb said.

Persons: Michele Tantussi, Max Schrems, Noyb, Fitbit, doesn't, Bernardo Armentano, Supantha Mukherjee, Kirsten Donovan Organizations: IFA, REUTERS, Rights, Google, European, Data Protection, Thomson Locations: Berlin, Germany, Rights STOCKHOLM, Austria, Netherlands, Italy, Vienna, Stockholm

☆ Verstappen goes for a record 10th win in a row
▼ + stars: | 2023-08-30 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

Verstappen won the Italian Grand Prix from seventh on the starting grid last year with Ferrari's Charles Leclerc on pole but finishing second. Red Bull have won every race so far this season, 14 in a row including the 2022 finale in Abu Dhabi, and are again favourites at Monza's fast layout. Since Lewis Hamilton's fifth Italian GP win with Mercedes in 2018 no driver has managed a repeat victory in the former royal park outside Milan. Talk of a 'Monza jinx' may be premature but this is a season where straws are being clutched more desperately. For Gasly, who lives in Milan, it is effectively a home race and one with a special place in his heart.

Persons: Max Verstappen, Stephanie Lecocq, Max, Sergio Perez, Sebastian Vettel's, Red Bull, Verstappen, Ferrari's Charles Leclerc, Austrian Gerhard Berger, Michele Alboreto, Enzo Ferrari, Lewis Hamilton's, Leclerc, Pierre Gasly, Daniel Ricciardo, Ricciardo, Fred Vasseur, Ferrari, Carlos Sainz, Aston Martin, McLaren, McLaren's Lando Norris, Frenchman, Aston Martin's Fernando Alonso, Alan Baldwin, Pritha Sarkar Organizations: Prix, Dutch Grand Prix REUTERS, Monza, McLaren, Ferrari, Mercedes, Zandvoort, Imola, Aston Martin's, Thomson Locations: Zandvoort, Netherlands, Abu Dhabi, Milan, Hamilton, Italian, Asia, Americas, Middle East, Monza, Italy, London

REUTERS/Loren Elliott Acquire Licensing RightsAug 30 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Australian inflation, Japanese consumer confidence and German inflation figures later in the day are the main data points on Wednesday's economic calendar that could move Asian markets, which have started the week on a roll. A series of measures from China aimed at boosting domestic stock markets have had an immediate effect - China's benchmark index of blue chip stocks on Tuesday posted back-to-back gains of 1% or more for the first time since January. Money markets quickly swiped off the table expectations of another rate hike this year, short-dated yields plunged and stocks boomed. Put all that together and there is every reason to believe Asian markets will open in the green on Wednesday.

Persons: Loren Elliott, Jamie McGeever, Cryptocurrencies, Gina Raimondo, Michele Bullock, Josie Kao Organizations: REUTERS, Money, Nasdaq, Securities and Exchange, Stock Connect, U.S . Commerce, Bank of China, Incoming, Thomson, Reuters Locations: Sydney, Australia, China, U.S, Japan, Germany

REUTERS/Mike Blake/File Photo Acquire Licensing RightsChocolate makers are banking on the traditional resilience of their product to price increases. The data showed Hershey's sales volumes increasingly declined during the period as the company hiked prices. "We are seeing consumers starting to react more than before, I'd be very cautious with price increases," said Dan Sadler, a candy expert at U.S.-based market researcher IRI. Barry Callebaut (BARN.S), the world's biggest chocolate maker supplying most major brands including Nestle (NESN.S), doesn't expect any growth in sales volumes this year. Pennsylvania-based Hershey, is hoping that as it eases off the rate of price hikes, its sales volumes will reverse their current downtrend.

Persons: Nielsen, Dirk Van de, Luca Zaramella, Patrick Folan, Mike Blake, Mondelez, Hershey, Zaramella, Bernstein, I'd, Dan Sadler, Barry Callebaut, Hershey's, Michele Buck, Matt Scuffham, Elaine Hardcastle Organizations: Nielsen, Hershey, Reuters, Consumers, Cadbury, Barclays, REUTERS, IRI, Nestle, Rabobank, El, Kailyn, Thomson Locations: Europe, United States, North America, Encinitas , California, U.S, Pennsylvania, El Nino, West Africa, Ivory Coast, Ghana, Kailyn Rhone, New York

☆ Opinion: Putin’s virtual bravado, Xi’s big win, and 6 new members. Why this was a summit like no other
▼ + stars: | 2023-08-25 | by ( Opinion Michael Bociurkiw | ) edition.cnn.com time to read: +8 min

The move breathes new life into a group set to rival the G7 and brings the world closer to multi-polarity. BRICS leaders could be forgiven for not knowing whether to exhibit exuberance or concern on Wednesday. (Summit host, South African President Cyril Ramaphosa, said it should be seen as an accomplishment for the entire BRICS bloc.) Hours later, just as BRICS leaders were sitting down to dinner, news alerts started to steal the show on the crashed private jet said to be carrying Wagner Group boss Yevgeny Prigozhin. Host South Africa just manages to pull it offThat South Africa managed to pull off hosting the summit is an accomplishment in itself.

Persons: Michael Bociurkiw, Michael Bociurkiw Chrystia, “, —, Xi Jinping, you’ve, Nicolás Maduro, Russia’s, Cyril Ramaphosa, Yevgeny Prigozhin, Wagner, couldn’t, Swagger, I’ve, Modi, Vladimir Putin’s, Sergey Lavrov, Lula da Silva, Lula, Vladimir Putin, Michele Spatari, It’s, ” Nontsikelelo, Facebook Xi, Xi, Putin Organizations: Atlantic Council, Organization for Security, Cooperation, CNN, Johannesburg CNN, United Arab, —, for Security, UN, Wagner, Getty, Democratic, Twitter, Facebook, National Congress, ANC Locations: Odesa, Europe, Johannesburg, Brazil, Russia, India, China, South Africa, Saudi Arabia, United Arab Emirates, Iran, Argentina, Egypt, Ethiopia, Africa, ”, Beijing, Donbas, Ukraine, AFP, Democratic Republic of Congo, Cameroon

☆ Russia, expansion and Western relations in the spotlight as leaders gather for pivotal BRICS summit
▼ + stars: | 2023-08-22 | by ( Elliot Smith | ) www.cnbc.com time to read: +9 min

South African police officers walk in front of an event banner outside the venue for the BRICS summit at the Sandton Convention Center in the Sandton district of Johannesburg, South Africa, on Monday, Aug. 21, 2023. Ramaphosa invited 67 leaders from across Africa, Latin America, the Middle East, Asia and the Caribbean to attend the summit, but no Western leaders received an invitation. watch nowBilateral deals and cooperation is common among BRICS members, but de Carvalho challenged the idea that there is a unanimous desire to compete with the G7. He added that the BRICS members do not always agree and do not see the group as a "panacea," but simply a "vehicle to become more influential in global discussions." "The G7 contains the rich Western economies, while BRICS contains the two most populous countries and the leading countries on three continents.

Persons: Michele Spatari, Cyril Ramaphosa, Xi Jinping, Luiz Inácio Lula da Silva, Narendra Modi, Sergei Lavrov, Vladimir Putin, Putin, Ramaphosa, Gustavo de Carvalho, de Carvalho, Lula, BRICS, It's, it's, Steven Gruzd, Gruzd Organizations: Bloomberg, Getty, West, South, Indian, Russian, International, Court, ICC, Western, African Union Commission, New Development Bank, South African Institute of International Affairs, CNBC Locations: Sandton, Johannesburg, South Africa, Ukraine, Africa, Latin America, East, Asia, Caribbean, Nigeria, Saudi Arabia, Iran, UAE, Argentina, Indonesia, Egypt, Ethiopia, Ghana, India, BRICS, Russia, Brazil, China

☆ ‘I’ve had this black cloud looming over me’: How private lenders have left millions of college students with no hope for the future
▼ + stars: | 2023-08-21 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +15 min

We both do DoorDash, and probably when those federal student loans start up, it'll be more of a necessity to do that." While private debt makes up just about 10% of the $1.7 trillion student-debt mountain in the US — about $136 billion — the industry has exploded over the past decade: the amount of outstanding private debt has jumped an estimated 47% since 2014. "Regardless, the student loan debt that was supposed to be an investment in their futures is dragging them down." To be sure, some private servicers do disclose benefits private borrowers could lose should they choose to refinance. Moran said he didn't regret taking out private student loans because it allowed him to pursue his desired nursing career.

Persons: Brianne Jones, Jones, she's, We're, it'll, Michele Shepard, they've, it's, Shepard, Suzanne Martindale, —, Anna Anderson, you've, It's, Navient, Martindale, Ryan Moran, Moran, Moran isn't, Joe Biden, I've, Anderson, forbearance, Steve Cohen, didn't Organizations: Eastern Michigan University, West, Federal Direct Loan Program, Institute for College, California's Department of Financial Protection, National Consumer Law Center, Consumer Financial, Bureau, Consumer Financial Protection Bureau, — Maryland Locations: Florida, —, California

☆ Famed Italian dealmaker and Piaggio CEO Colaninno dies
▼ + stars: | 2023-08-19 | by ( Crispian Balmer | ) www.reuters.com time to read: +3 min

Roberto Colaninno attends the celebrations for the 50th anniversary of the Vespa Primavera scooter at the Piaggio Museum in Pontedera, Italy, April 19, 2018. REUTERS/ Alessandro Bianchi/File Photo Acquire Licensing RightsROME, Aug 19 (Reuters) - Entrepreneur Roberto Colaninno, chairman and CEO of scooter maker Piaggio and one of Italy's best-known dealmakers, has died, his investment company IMMSI said on Saturday. He is most famous for his surprise $58 billion leveraged buyout of Telecom Italia (TLIT.MI) in 1999, at the time the world's largest hostile takeover. In 2003, after his efforts to take over carmaker Fiat were rebuffed, he turned his attention to Piaggio, maker of the Vespa scooter, which had fallen on hard times. Colaninno ditched the firm's loss-making computer unit and focused on the telephone business - which he subsequently used as a vehicle to launch the Telecom Italia bid.

Persons: Roberto Colaninno, Alessandro Bianchi, IMMSI, Colaninno, Carlo De Benedetti, De Benedetti, Olivetti, Matteo, Michele, Oretta, Crispian Balmer, David Holmes Organizations: Primavera, Piaggio Museum, REUTERS, Rights, Piaggio, Telecom Italia, Pirelli, Fiat, Alitalia, Thomson Locations: Pontedera, Italy, Asia, India, China, Vietnam, Fiamm, Europe

"The increase in sugar and cocoa specifically is material," Mondelez CFO Luca Zaramella said in July. The data showed Hershey's sales volumes increasingly declined during the period as the company hiked prices. Barry Callebaut (BARN.S), the world's biggest chocolate maker supplying most major brands including Nestle (NESN.S), doesn't expect any growth in sales volumes this year. In the U.S., private label sales volumes grew nearly 9% in the year to mid-June despite near double-digit price rises, IRI data shows. Pennsylvania-based Hershey, is hoping that as it eases off the rate of price hikes, its sales volumes will reverse their current downtrend.

Persons: Mike Blake, Dirk Van de, Luca Zaramella, Patrick Folan, Mondelez, Hershey, Zaramella, Bernstein, I'd, Dan Sadler, Barry Callebaut, Hershey's, Michele Buck, Matt Scuffham, Elaine Hardcastle Organizations: REUTERS, Hershey, Reuters, Consumers, Nielsen, Cadbury, Barclays, IRI, Nestle, Rabobank, El, Kailyn, Thomson Locations: Encinitas , California, Europe, North America, U.S, Pennsylvania, El Nino, West Africa, Ivory Coast, Ghana, Kailyn Rhone, New York

☆ UN peacekeepers hurt in Cyprus buffer zone clash with Turkish forces
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +3 min

U.N. peackeepers were manhandled by personnel in Turkish Cypriot police and military uniforms, a witness said. Turkish Cypriot bulldozers had moved U.N. trucks, cement bollards and barbed wire in the United Nations-administered buffer zone splitting the island. The controversy is centred around plans by Turkish Cypriot authorities to build a road traversing the territory which the United Nations says is under its control. Turkish Cypriot authorities are planning to build an 11.5 km road linking Pyla/Pile to a neighbouring community which lies in breakaway north Cyprus. It had been in talks with Turkish Cypriot authorities over their plans, and work had started without the requisite agreement from the U.N., Siddique said.

Persons: Scuffles, Aleem Siddique, Siddique, Michele Kambas, Angus MacSwan Organizations: United Nations, Turkish Cypriot, . Security, UN, Greek Cypriot, The United Nations, Turkish, Thomson Locations: NICOSIA, Turkish Cypriot, Cyprus, Turkish, British, United States, Britain, France, United, Pyla, United Nations, Greek

☆ Explainer: Extreme heat may mean using a different sunscreen
▼ + stars: | 2023-08-17 | by ( Nancy Lapid | Thomson Reuters | Nancy Has Been A Health News Editor At Reuters For More Than A Decade. Previously She Was A Writer | ) www.reuters.com time to read: +4 min

Because mineral sunscreens aren't absorbed, older formulations often had a greasy feel and a white appearance. People who do not like the thicker texture of mineral sunscreens often use chemical sunscreens in creams or sprays. The ingredients form a thin protective film that absorbs UV rays and changes their structure, converting them into heat before they penetrate the skin. Extreme heat also means more sweating, and sweat can contribute to itchiness and rashes some people experience from ingredients in chemical sunscreens, Radusky added. Even in the absence of extreme heat, people with sensitive skin should opt for mineral sunscreens, the AAD advises.

Persons: Johnson, Brian Snyder, Jacqueline, Ross Radusky, Radusky, Nancy Lapid, Michele Gershberg, Aurora Ellis Organizations: REUTERS, American Academy of Dermatology, Sun Protection, Research Center, Thomson Locations: Gloucester , Massachusetts, U.S, Scottsdale , Arizona, Dallas , Texas

☆ Fire Exposes Flaws in Hawaii’s Defenses Against Climate Shocks
▼ + stars: | 2023-08-17 | by ( Christopher Flavelle | More About Christopher Flavelle | ) www.nytimes.com time to read: +1 min

Part of the problem is the sheer diversity of threats. “Hawaii is a leader among states in its approach to adaptation planning, particularly as it relates to sea level rise, extreme storms and infrastructure,” said Mark Rupp, adaptation program director for the Georgetown Climate Center in Washington. Josh Green of Hawaii issued an order that stops the state from adopting new or updated building standards. The governor said the move was necessary to address a severe housing shortage. Attempts to block tougher building codes in the name of affordability are common nationwide, even if it sacrifices safety, said Michele Steinberg, wildfire division director for the National Fire Protection Association.

Persons: ”, Mark Rupp, “, Josh Green, Michele Steinberg Organizations: Georgetown Climate Center, International Code Council, National Fire Protection Association Locations: Hawaii, Washington, California

☆ ECB core obsession raises risk of policy mistake
▼ + stars: | 2023-08-17 | by ( Francesco Guerrera | ) www.reuters.com time to read: +4 min

Headline inflation in the euro zone has halved in the past nine months and was 5.3% in July. Granted, both headline and core inflation are currently above the ECB’s 2% target. In fact, core tends to follow headline inflation because its narrower composition makes it stickier. That’s because, as the chair of the U.S. Federal Reserve Jerome Powell said recently, headline inflation is “really what the public experiences”. ECB President Christine Lagarde has pledged to be “data-dependent”.

Persons: Wolfgang Rattay, Martin Heidegger, that’s, Joachim Nagel, Germany’s Bundesbank, Klaas Knot, Lucrezia Reichlin, Michele Lenza, Jerome Powell, Christine Lagarde, Klaas, Neil Unmack, Oliver Taslic, Streisand Neto Organizations: European Central Bank, REUTERS, Reuters, ECB, Reuters Graphics Reuters, Financial Times, U.S . Federal, Eurostat, Central, Thomson Locations: Frankfurt, Germany, German, Ukraine

☆ CBS News names Ingrid Ciprian-Matthews as president after Khemlani resigns
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +1 min

[1/3] Ingrid Ciprian-Matthews, new CBS News president, poses in this handout picture obtained by Reuters on August 14, 2023. Michele Crowe/CBS News/Handout via REUTERS Acquire Licensing RightsAug 14 (Reuters) - CBS News said on Monday Ingrid Ciprian-Matthews, award-winning journalist and veteran news executive, has been named president, after Neeraj Khemlani stepped down from the position on Sunday. The network also appointed insider Wendy McMahon as president and CEO of CBS News and Stations and CBS Media Ventures. Ciprian-Matthews, who has been with CBS News for 30 years, joined the company as a senior producer for live segments for the morning news. Before joining CBS News in 1993, Ciprian-Matthews was the managing editor of CNN's New York bureau.

Persons: Ingrid Ciprian, Matthews, Michele Crowe, Neeraj Khemlani, Wendy McMahon, Ciprian, CNN's, Dawn Chmielewski, Samrhitha, Shilpi Majumdar Organizations: CBS News, Reuters, CBS, REUTERS Acquire, CBS Media Ventures, newsgathering, National Public Radio, Nacional, Thomson Locations: Ciprian, York, Kosovo, Kenya, Tanzania, China, Haiti, Chile, Los Angeles, Bengaluru

☆ Alibaba's stock price could hit $125 'extremely fast': Trader
▼ + stars: | 2023-08-11 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlibaba's stock price could hit $125 'extremely fast': TraderMichele Schneider of Marketgauge explains why she sees China market differently from the mainstream bearish view.

Persons: Michele Schneider, Marketgauge Locations: China

☆ Average consumer carries $5,947 in credit card debt — a 10-year high
▼ + stars: | 2023-08-10 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

On the heels of another rate hike last month by the Federal Reserve, the average credit card rate is now more than 20% on average, an all-time high. "People aren't financing purchases at 20% because they have other options," said Greg McBride, chief financial analyst at Bankrate. "As a result, they are tapping into these available credit products to help them cope with rising expenses." As the number of credit card accounts in the U.S. rose, delinquencies notched higher, the report said. How to tackle high-interest credit card debtkrisanapong detraphiphat | Moment | Getty Images

Persons: John Sedunov, Greg McBride, Sedunov, Gen, TransUnion, Michele Raneri, Raneri Organizations: New York Fed, Villanova University's School of Business, Federal Reserve, Bankrate, TransUnion Locations: U.S

☆ A devastating fire leveled their Maui home 5 years ago. Now it’s happened again
▼ + stars: | 2023-08-10 | by ( Aya Elamroussi | ) edition.cnn.com time to read: +2 min

Five years ago, the couple’s home turned into ashes when winds from Hurricane Lane helped fuel a fire that encroached onto their property in Lahaina. “I feel like I’m a veteran of disaster here,” Mark Stefl told CNN. “We ran downstairs, grabbed our dogs and cats … and the fire just engulfed our house,” said Mark Stefl, who added they lost a cat and a dog amid the chaos. “I’m literally thankful just to be alive right now,” Mark Stefl said. “It’s going to take years.”Still, Mark Stefl and his wife plan to rebuild – like they did once before.

Persons: Mark Stefl, Michele, –, Dora, Michele Numbers, “, ”, “ I’m, Lane, Gov, Sylvia Luke, ” Luke, “ It’s, We’ll Organizations: CNN, Hurricane Lane Locations: Hawaii, Hurricane, Lahaina, Maui, Maui County

☆ How to Save for a House
▼ + stars: | 2023-08-09 | by ( Michele Lerner | ) www.wsj.com time to read: +10 min

By Michele LernerThe need to save looms large in the home buying process. 5 strategies to save for a houseZillow estimates that it would currently take the typical household saving 5% of their income close to nine years to save a 10% down payment on a typical house. For example, if you’re aiming for $50,000 down on a $500,000 home in three years, you’ll need to save nearly $1,400 a month. That means the fastest way to save is often to cut costs on the place you live. However, he says you should at least save the minimum to earn any 401(k) matching contributions your employer offers and have a plan to increase your contributions after you buy a house.

Persons: Michele Lerner, you’re, ”, Isabel Barrow, Barrow, Cash, Tom Mathews, Matt Steenson, ” Barrow, Mathews, —, you’ve, “, ” Steenson, Steenson Organizations: National Association of Realtors, NAR, Edelman, News Corp, The, Street, PNC Bank, Federal Deposit Insurance Corp Locations: Alexandria, Va, Atlanta, Pittsburgh

☆ These 2 states offer unemployment benefits to workers on strike
▼ + stars: | 2023-08-09 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

Rep. Greg Casar, D-Texas, speaks during a Vigil and Thirst Strike for Workers' Rights on the House steps of the U.S. Capitol on July 25, 2023. Workers who go on strike generally don't qualify for unemployment benefits. But two states — New York and New Jersey — are the exception to that rule, and other states could soon join them. Critics of the aid say it puts employers at a disadvantage during negotiations and encourages workers to go on strike. Here's what to know about access to unemployment benefits for striking workers.

Persons: Greg Casar, —, Michele Evermore Organizations: Workers, Rights, U.S, Capitol, Cornell ILR School Labor, Finance, Bank of America, The Century Foundation Locations: Texas, — New York, New Jersey, U.S

☆ Lifted by Lea Michele, ‘Funny Girl’ Recoups on Broadway
▼ + stars: | 2023-08-07 | by ( Michael Paulson | More About Michael Paulson | ) www.nytimes.com time to read: +1 min

The Broadway revival of “Funny Girl” starring Lea Michele is now officially a hit: It has recouped its capitalization costs, completing a remarkable box office turnaround of the sort rarely seen in the commercial theater. The show’s lead producers, Sonia Friedman, Scott Landis and David Babani, announced on Monday that the production had made back the $16.5 million it cost to mount. That milestone not only gives the production bragging rights, but also means that “Funny Girl” can generate a profit during the last few weeks of its run, which ends on Sept. 3. Only a handful of Broadway productions have announced the recoupment of their capitalization costs since the onset of the coronavirus pandemic, as higher expenses and smaller audiences have made the always challenging economics of Broadway even more difficult. Critics were underwhelmed; the show won no Tony Awards (it was only nominated for one); and by summer its sales had drooped.

Persons: Lea Michele, Sonia Friedman, Scott Landis, David Babani, Barbra Streisand —, Beanie Feldstein, Critics Organizations: Wilson Theater

☆ I’ve Been Writing About Mortgages for 30 Years, but I Picked a 20-Year Loan
▼ + stars: | 2023-08-04 | by ( Michele Lerner | ) www.wsj.com time to read: +4 min

But I’ve been writing about real estate for more than three decades now, so I’ve benefited from interviewing hundreds of lenders. Along the way, I learned that technically you can get a loan term as short as five years and as long as 40. Back then, average mortgage rates were under 4%, well below what we’d been paying since buying our current home eight-years earlier. Plus, the 20-year refinance will ultimately save us over $100,000 in interest compared with a 30-year refinance (before factoring in our extra payments). Don’t let anyone talk you into a “standard” loan term until you’ve compared all your options.

Persons: Michele Lerner, I’ve, we’d, We’d, what’s, Don’t Locations: Virginia, Washington ,

☆ Focus: US psychiatrists prescribe Wegovy to battle medication-induced weight gain
▼ + stars: | 2023-08-03 | by ( Elissa Welle | ) www.reuters.com time to read: +6 min

[1/2] A selection of injector pens for the Wegovy weight loss drug are shown in this photo illustration in Chicago, Illinois, U.S., March 31, 2023. The global market for weight-loss drugs is forecast to reach as much as $100 billion within the decade. Beyond severe mental health disorders, other patients struggling with obesity tend to suffer from mental health issues like depression and anxiety at higher levels than the general population, studies show. However, psychiatrists specializing in eating disorders are wary that drugs like Wegovy could exacerbate their patients’ focus on weight loss because they are so effective. Dr. Michael Weintraub, an endocrinologist at NYU Langone Health, said ideally psychiatrists will work with endocrinologists because weight-loss drugs require careful monitoring not related to mental health issues.

Persons: Jim Vondruska, Wegovy, Novo, It's, doggedly, Joseph Goldberg, Eli Lilly, Natalia Salomao, Dost Ongur, Brigham, Roy Chengappa, New Yorker Alexander Roger, Roger, Michael Weintraub, McLean's Ongur, Elissa Welle, Michele Gershberg, Bill Berkrot Organizations: REUTERS, Icahn School of Medicine, U.S . Food, Drug Administration, Reuters, Mass, Brigham McLean Hospital, University of Pittsburgh Medical Center, New Yorker, Fordham University, Nordisk, NYU Langone Health, Thomson Locations: Chicago , Illinois, U.S, Mount Sinai, New York, Europe, Danish, Boston

☆ UN calls for regional solutions to curb record migration through Darien Gap
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +1 min

A group of migrants from different countries walk through the Darien Gap, as they continue their journey to the U.S. border, in Acandi, Colombia July 9, 2023. Official data shows 248,901 people crossed the dangerous stretch between January and July, surpassing the record high seen for all of 2022. The "dramatic" numbers show a need for joint efforts to address the root causes of forced displacement and irregular migration, the UN refugee agency and the International Organization for Migration (IOM) said in a statement. Migrants crossing the Darien Gap are mostly from Venezuela, while Haitians and Ecuadorians make up the next two largest groups. Crossings through the jungle are expected to surpass 400,000 this year, according to the UN, well up from nearly 250,000 in 2022.

Persons: Adri, Michele Klein Solomon, Ecuadorians, Elida Moreno, Gerry Doyle Organizations: REUTERS, PANAMA CITY, United Nations, UN, International Organization for Migration, Migrants, Thomson Locations: Darien, U.S, Acandi, Colombia, Panama, Venezuela

☆ Australia holds rates steady, might be done tightening
▼ + stars: | 2023-08-01 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

Markets had leaned toward a steady outcome given recent data showed inflation had eased for a second quarter and consumer spending was softening. However, economists were more split on the outcome, with 20 out of 36 polled by Reuters expecting a hike. Swaps now implied a risk of around 13 basis points of tightening by year end. In a relief for policymakers, headline inflation slowed more than expected in the second quarter while retail sales posted their biggest fall this year in June. "While the RBA retains a tightening bias, we expect the hurdle to another rate hike is high.

Persons: Philip Lowe, Lowe, Michele Bullock, Belinda Allen, Goldman Sachs, Hebe Chen, Stella Qiu, Wayne Cole, Anisha Sircar, Sam Holmes Organizations: SYDNEY, Reserve Bank of Australia, Reuters, Commonwealth Bank of Australia, CBA, National Australia Bank, IG, Reuters Global Markets, Thomson

☆ Expect recession around year end: JPMorgan's Bob Michele
▼ + stars: | 2023-08-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect recession around year end: JPMorgan's Bob MicheleBob Michele, JPMorgan's head of global fixed income, and Richard Bernstein, CEO and CIO of Bernstein Advisors, join 'The Exchange' to discuss the hard landing scenario, opportunity in treasury yields, and low-risk investments outside of the Magnificent 7.

Persons: Bob Michele Bob Michele, JPMorgan's, Richard Bernstein, Bernstein Organizations: Bernstein Advisors

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