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ECB's Nagel opens door to smaller hikes but sees long way to go
  + stars: | 2022-11-22 | by ( ) www.reuters.com   time to read: +2 min
FRANKFURT, Nov 22 (Reuters) - Bundesbank President Joachim Nagel opened the door on Tuesday to smaller interest rate increases by the European Central Bank but said there was still a long way to go in raising borrowing costs. With euro zone inflation running in double digits, the ECB has been raising rates in record 75 basis-point steps but a number of policymakers have called for smaller hikes from December. "Even 50 basis points is a strong rate move," Nagel said. "I didn't participate in this 75-or-50 discussion because I didn't think that was really helpful." "Regardless of how the numbers come in, I think the inflation picture will continue to be strong for 2023, Nagel said in his conversation with reporters in Frankfurt.
Traditionally, brand deals have been the biggest income driver for Tosone. Unless any last-minute deals arise, Tosone said platform incentives (like Instagram's bonus program) will overtake brand deals. And for creators, Ashley said diversifying their businesses is the "best insurance plan." Relying on affiliate marketing, however, can still be a risk. Establishing a fan-paid model with memberships, subscriptions, or coursesTosone launched a Patreon membership and she's coaching other influencers on social-media strategy.
Companies Hess Corp FollowNov 17 (Reuters) - The Organization of the Petroleum Exporting Countries (OPEC) is "back in the driver seat" as the top swing producer amid slowing U.S. shale growth, John Hess, CEO of Hess Corp (HES.N) said on Thursday at an investor conference in Miami, Florida. Hess anticipates U.S. oil production will hit around 13 million barrels per day in the next few years and then plateau. He said shale oil output is slowing due to investor pressure to focus on returns over growth, inflation and inventory depletion. Reporting by Liz Hampton in Denver and Sabrina Valle in Houston Editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.
Companies Hess Corp FollowNov 17 (Reuters) - The Organization of the Petroleum Exporting Countries (OPEC) is "back in the driver's seat" as the top swing producer amid slowing U.S. shale growth, Hess Corp (HES.N) Chief Executive Officer John Hess said on Thursday at an investor conference in Miami, Florida. Hess anticipates U.S. oil production will hit around 13 million barrels per day in the next few years and then plateau. U.S. production growth has been slower than anticipated at the beginning of this year due to investor pressure to focus on returns over growth, along with inflation and inventory depletion. The U.S. Energy Information Administration last week cut its forecast for 2023 shale growth by 21%. Now, really OPEC is back in the driver's seat where they are the swing producer," Hess said, cautioning though that OPEC lacked spare capacity to easily boost its production.
WASHINGTON — President Joe Biden said Wednesday he plans at an anticipated meeting with Chinese President Xi Jinping to discuss growing tensions between Washington and Beijing over the self-ruled island of Taiwan, trade policies and Beijing’s relationship with Russia. Biden told reporters at a White House news conference that he had much to discuss with Xi as U.S.-Chinese relations have grown more fraught in recent months. The White House and Defense Secretary Lloyd Austin were quick to clarify that there was no change in U.S. policy. Chinese President Xi Jinping inspects a joint operations command center at an undisclosed location on Tuesday. Li Gang / Xinhua via APAs president, Biden has repeatedly accused China of human rights abuses of the Uyghur people and other ethnic minorities.
There have only been two Black elected governors in US history, but that could change on Tuesday. With the victory, Wilder became the first Black elected governor in the United States, generations after P.B.S. He said people brag about him as the first Black governor elected in America. However, this year, Black gubernatorial candidates weren't overly reliant on the party leadership to help them land the nominations in their respective states. At the end of the day, if that's what I accomplished, that's not enough," Moore told Insider.
"We are only a phone call away if the requirements are there," he said. OPEC+ faced one of its biggest clashes with the West after it agreed oil production cuts in October, a decision the U.S. administration called shortsighted. OPEC+ producers rallied around top oil exporter Saudi Arabia after the United States accused it of pushing members into the cut. Saudi Arabia and the UAE, two of the world's biggest oil producers, are boosting output and refining, and working on clean hydrogen, Saudi Energy Minister Prince Abdulaziz bin Salman said on Monday. The UAE is releasing its first revision of its energy plan in 2023, which will increase its green targets, Mazrouei said.
Summary OPEC raises 2030, 2045 oil demand forecastsMaintains view that oil demand will plateau after 2035Sees $12.1 trillion of oil investment needed to 2045ABU DHABI, Oct 31 (Reuters) - OPEC raised its forecasts for world oil demand in the medium-and longer-term in an annual outlook released on Monday and said$12.1 trillion of investment is needed to meet this demand despite the energy transition. Another decade of oil demand growth would be a boost for OPEC, whose 13 members depend on oil income. In the report, OPEC maintained its view that world demand will plateau after 2035.Other predictions from companies and banks see oil demand peaking earlier. ENERGY SECURITY DEMAND BOOSTThe report said world oil demand will reach 103 million barrels per day in 2023, up 2.7 million bpd from 2022. By 2030, OPEC sees world demand averaging 108.3 million bpd, up from 2021, and lifted its 2045 figure to 109.8 million bpd from 108.2 million bpd in 2021.
Defining that point, or at least its parameters, will be the subject of intense discussion at this week's Federal Open Market Committee meeting. Reuters GraphicsAnd during that time, Fed policymakers, with the notable exception of Powell, have offered a range of views on where they stand on a possible slowdown or even pause to rate hikes. Fed Governor Michelle Bowman, for instance, said she'll look for signs that inflation is moving down before she would want to reduce the pace of rate hikes. Reuters Graphics'NEED TO BE CONVINCED'Bets in futures markets weigh heavily in favor of a slowdown in rate hikes starting in December, but ultimately a top Fed policy rate of 4.75%-5.00%, slightly higher than policymakers themselves have flagged, by early next year. Fed policymakers, Reinhart said, are also well aware that monetary policy typically goes too far.
The Organization of the Petroleum Exporting Countries is scheduled to update its long-term oil demand forecasts in its 2022 World Oil Outlook on Oct. 31. The 2021 version sees oil demand plateauing after 2035. The latest update is likely to keep OPEC among the more optimistic forecasters of oil demand. OPEC World Oil Outlook 2021"It is similar to last year in terms of the demand outlook," one of the OPEC sources said. LOWER PROJECTIONSLast year, OPEC saw oil demand reaching 108.2 million barrels per day in 2045, up from 90.6 million bpd in 2020.
LONDON, Oct 27 (Reuters) - The drop in Russian fossil fuel exports after its Ukraine invasion this year will transform the global energy landscape for decades and can help to hasten a green energy transition, the International Energy Agency (IEA) said on Thursday. The IEA's report said the global energy crisis is causing profound and long-lasting changes that could hasten the transition to a more sustainable and secure energy system. "The energy world is shifting dramatically before our eyes. Short-term gaps created by the reduction in fossil fuel supplies from Russia will need to be plugged from elsewhere. The strongest candidates are projects with "short lead times" which rapidly bring oil and gas supplies to market without locking in dependency.
Russia's war has helped accelerate the energy
  + stars: | 2022-10-27 | by ( Anna Cooban | ) edition.cnn.com   time to read: +3 min
In its annual World Energy Outlook report, published Thursday, the agency said that Russia’s assault on Ukraine had the potential to “hasten” the global transition to clean energy sources. Since the war broke out in late February, many countries have shunned Russia’s vast energy exports, finding new suppliers and ramping up imports of alternate energy sources. That has put Moscow in a “much-diminished position,” the IEA said, and Russia is on course for its share of global energy exports drop to 13% by 2030 from 20% last year. Europe — Moscow’s biggest customer for oil and gas — has borne the brunt of the energy crunch. “There is still a large gap between today’s pledges and a stabilization of the rise in global temperatures around 1.5°C,” the IEA warned.
Ancient rock carvings that are believed to be more than 2,700 years old have been unearthed by a team of archaeologists in Iraq's northern city of Mosul. The marble slabs were found during restoration work on the Mashki Gate, an ancient monument that was partially destroyed by Islamic State militants when they captured the city in 2016. The relief carvings show scenes of war from the rule of Assyrian kings, in the ancient city of Nineveh, the Iraqi State Board of Antiquities and Heritage said in a statement Wednesday. The gray stone carvings date to the rule of King Sennacherib, in power from 705 to 681 B.C., the statement added. The discovery was made last week by an Iraqi team, alongside American experts from the University of Pennsylvania who are helping to lead the reconstruction effort.
This has become something "we have to do," said Matt Idema, vice president of business messaging. Messaging throughout Facebook, led by WhatsApp, generated a relatively paltry $218 million in the most recent quarter. "It's a really big challenge," Matt Idema, promoted last year to vice president of business messaging for Meta, told Insider. Now it's time to bring together WhatsApp, Facebook Messenger, and Instagram Messaging and "treat it like one messaging strategy," Idema said. It held in May its first-ever conference dedicated to its messaging business.
The 2015 pact launched at a U.N. global climate summit requires 194 countries to detail their plans to fight climate change in what are known as nationally determined contributions, or NDCs. In pledges made through September, the NDCs would reduce global emissions of greenhouse gases only 7% from 2019 levels by 2030, said the report titled "The State of NDCs: 2022." It was written by the World Resources Institute (WRI) global nonprofit research group. She added that the COVID-19 pandemic and economic woes may have mostly capped countries' ambitions to boost their NDCs since 2021. Countries in the Paris Agreement are required to update their NDCs by 2025.
The US housing market is firmly in a recession as existing home sales keep sliding. Nadia Evangelou of the National Association of Realtors shared what's next for the housing market. The trajectory of the housing market is heavily dependent on mortgage rates, Evangelou noted. But that's no guarantee as the Federal Reserve's interest rate-hiking cycle affects US Treasuries, which in turn sway mortgage rates, she said. So for that reason, we think that mortgage rates usually are pricing some of these upcoming rate hikes."
This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics. Given how the oversold indicators are piling up, a test or near-test of buyer's appetites is underway or should be soon. Having 2022 act as the year when all the tough medicine was administered has some appeal both for policy makers and investors. -Seeing some migration toward lower-volatility stocks, pharma, staples, some energy and Microsoft bouncing small after a recent breakdown. Need new lows or a capital-markets accident to jerk it much higher.
China has been grappling with its worst heat wave on record and the Yangtze, the third longest river in the world, is drying up. Parts of the Yangtze River have dried up from the extreme heat. Experts have also noticed a drastic decline of many native freshwater species of fish, like the now extinct Chinese paddlefish and sturgeon. “The Yangtze is the longest river in China and (all of) Asia and has long been a cradle of civilization. “If there’s anything we can learn from the death of the Yangtze River dolphin, it’s that extinction is forever and we can’t afford to take it lightly.”
WASHINGTON (AP) — America’s employers added a healthy number of jobs last month, yet slowed their hiring enough to potentially help the Federal Reserve in its fight to reduce raging inflation. Inflation did fall to an 8.5% annual rate in July from 9.1% in June, mostly as gas prices steadily dropped. Wage growth weakened a bit last month, too, which could also serve the Fed’s inflation fight. Powell warned that the Fed’s inflation fight would likely cause pain for Americans in the form of a weaker economy and job losses. Friday’s jobs figures and a report earlier this week that showed the number of job openings rose in July suggest that the Fed’s rate hikes so far haven’t restored much balance.
After the 2020 pandemic bump, we expect monthly digital gaming usage will see minimal growth through the end of our forecast (1.1% in 2022 and 0.9% in 2023). We expect the number of US digital gamers to reach 179.6 million by 2022. Other gaming platforms that serve as a happy medium between convenient mobile gaming technology and more advanced console systems are laptop and PC devices. Overall, there will be more than 29.6 million monthly US esports viewers in 2022, amounting to over 49.9% of all GVC viewers. But this growth won’t last too long, as monthly digital gamers are expected to increase by just 1.1% in 2022.
Promisiunile candidaților la a cincea dezbatere electorală IPNPăstrarea cu orice preț a statalității și acordarea limbii ruse a statutului de a doua limbă de stat. Acestea sunt promisiunile Partidului Regiunilor în caz de ajunge în Parlament. Candidatul independent Veaceslav Valico, a menționat că este singurul candidat independent în actuala cursă electorală. Președintele Partidului Regiunilor din Moldova, Alexandr Kalinin, a precizat că conduce Partidul Regiunilor din 2016. Ajungând în Parlament, Partidul Regiunilor va colabora cu fiecare deputat care va susține programul Partidului Regiunilor.
Persons: Veaceslav Valico, grebla, Alexandr Kalinin, moldovean, Hanns Seidel Organizations: Partidului Regiunilor, Partidul, Partidul Regiunilor, Partidului, Partidului Politic, Civic, Agenția Locations: Moldovei, Veaceslav, Moldova, Republicii Moldova, Republica Moldova
Voiau o casă a lor, o mașină și nu așteptau să le primească de la părinți. În 2014, au hotărât să plece în Danemarca și să încerce un alt stil de viață. După un an petrecut în Danemarca, Alina a rămas însărcinată și a redus orele de lucru. Campanie electorală eco-friendlyCampania electorală a Alinei a început pe rețelele sociale, unde comunică cu alegătorii, vorbește despre ce-și propune, organizează emisiuni live. Ea pune accent pe îmbunătățirea condițiilor de viață pentru familiile cu copii și vârstnici, dar și pe integrarea imigranților în câmpul de muncă și în societate.
Persons: Alina, Împreună, daneză Alina, Alina ., Acum, Ea Locations: Moldova, Danemarca, daneză, Iutlanda, Chișinău, Danemarca Rødder, Copenhaga, român
Statele membre G7 au ajuns la un acord "istoric" privind taxarea marilor corporații. Miniștrii de finanțe reuniți la Londra au decis că impozitul pe profit pentru companiile multinaţionale să fie de cel puțin 15% şi să se achite în țările în care activează. "După ani de discuţii, miniştrii de finanțe din G7 au ajuns la un acord istoric privind reformarea sistemului fiscal global şi adaptarea acestuia la era digitală globală. Astfel, ne vom asigura că aceste companii plătesc impozitul potrivit, în locul potrivit. Guvernele s-au confruntat demult cu provocarea de a impozita companiile globale care operează în multe țări.
Organizations: Amazon, Google Locations: Statele, Londra, discuţii
Consilierii PAS cer revizuirea majorării impozitului pentru bunurile imobiliareConsilierii Partidului Acțiune și Solidaritate solicită convocarea de urgență a ședinței Consiliului municipal Chișinău pentru revizuirea majorării impozitului pentru bunurile imobiliare. Într-o conferință de presă, președintele fracțiunii PAS în CMC, Vasile Grădinaru, a declarat că locuitorii municipiului au primit „scrisori de felicitare” din partea primarului capitalei și a „coaliției sale PSRM-Șor”. Deci, vorbim despre o dublare a impozitului”, afirmă Vasile Grădinaru. Și una dintre ele era majorarea de la 0,1% la 0,185% a impozitului imobilului. „Ei nici nu știu despre ce vorbesc și încurcă, chiar în conferință de presă, impozitul bunurilor imobiliare cu impozitul pe venit.
Persons: Ion, Grădinaru, Vasile Grădinaru, Șor, Ceban Organizations: Partidului Locations: Chișinău, Republicii Moldova
Ce este legat de Alexandru Dodon, solicitările se făceau la Kentford, la etajul șapte, da? — Dl Țepordei. Pentru că prima oară m-am întâlnit cu dl Andrei, după care a intrat Alexandru Dodon și mi-a înaintat nemulțumirile. Îl conduce Alexandru Dodon… Ca să înțelegeți, actualul director general a fost promovat tot de Alexandru Dodon. Alexandru Dodon, fratele ex-președintelui R. MoldovaAlexandru Dodon, om de afaceri, fratele lui Igor Dodon, fostul președinte al R. Moldova.
Persons: Romeo Lopotencu, Lopotencu, Ghenadie Țepordei, Andrei, Alexandru Dodon, ., Igor Dodon ., Romeo, Dodon, Ghenadie ., Țepordei, Alexandru Dodon ?, Vitiuc, El, cela, Le, Dvs, Alexandru Dodon ., Prisacari, Dumitru Braghiș ., P.S . ZdG, Dodon . Țepordei, Ghenadie, R, Moldova Alexandru Dodon, Igor Dodon, Andrei Beleacov, ZdG, Sorin Corceac, Iurie Prisacari Organizations: Red, RED, Red -, Partidului Socialiștilor, Partidul Democrat din, Partidului Social Democrat, Business Locations: Red, Nord, Moldova, . Moldova, Igor Dodon . Lopotencu, Bălți, Red - Nord, n.r ., Sângerei, Partidul Democrat din Moldova, .
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