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☆ Watch CNBC's full interview with JPMorgan's Bob Michele and Bernstein Advisors' Richard Bernstein
▼ + 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 EmailWatch CNBC's full interview with JPMorgan's Bob Michele and Bernstein Advisors' Richard BernsteinBob 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, Bernstein, Richard Bernstein Bob Michele, JPMorgan's, Richard Bernstein Organizations: Bernstein Advisors

☆ Greece and Cyprus welcome EU bid to re-engage with Turkey, but urge caution
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +2 min

[1/2] Cyprus President Nikos Christodoulides and Greek Prime Minister Kyriakos Mitsotakis walk during a welcome ceremony at the Presidential Palace in Nicosia, Cyprus July 31, 2023. The division of Cyprus between its Greek and Turkish Cypriot populations, a source of friction between Greece and Turkey, has also been an impediment. Cyprus was divided after a Turkish invasion in 1974 triggered by a Greek Cypriot coup engineered by the military junta then ruling Greece. It is represented in the EU by an internationally-recognised Greek Cypriot government. In recent years the Turkish Cypriot side has advocated a two-state settlement, rejected by Greek Cypriots.

Persons: Nikos Christodoulides, Kyriakos Mitsotakis, Yiannis Kourtoglou, Mitsotakis, Christodoulides, Ersin Tatar, Michele Kambas, Conor Humphries Organizations: Cyprus, REUTERS, Monday, European Union, EU, Christodoulides, Cypriot, United Nations, Turkish Cypriot, Greek, Thomson Locations: Nicosia, Cyprus, Yiannis, Yiannis Kourtoglou NICOSIA, Greece, Turkey, Ankara, Turkish, EU, Cyprus's, Cypriot, Turkish Cypriot

☆ Is That Water Too Polluted to Swim in?
▼ + stars: | 2023-07-28 | by ( Melinda Wenner Moyer | ) www.nytimes.com time to read: +1 min

In recent weeks, floods in the Northeast have led to dozens of beach closures. Heavy rainfall and flooding increase the risk that water will be contaminated with disease-causing pathogens that people can accidentally ingest while swimming. One recent study estimated that 57 million illnesses each year are the direct result of people swimming in contaminated oceans, lakes, rivers and ponds in the United States. This doesn’t mean we should all stop swimming, though — it just means that there are certain situations and warnings to look out for. “I have a 6-year-old and an 8-year-old, and we go swimming all the time,” Ms. Hlavsa said.

Persons: Michele Hlavsa, “, ” Ms, Hlavsa Organizations: Centers for Disease Control Locations: United States

☆ Kering dons Valentino scent to ease Gucci malaise
▼ + stars: | 2023-07-28 | by ( Lisa Jucca | ) www.reuters.com time to read: +3 min

Adding the maker of pricey Rockstud bags could help it reduce its dependency on tottering star brand Gucci. Kering’s stake purchase values the whole brand at 5.7 billion euros, or 16 times its EBITDA of 350 million euros last year. Kering will pay 1.7 billion euros for the stake in cash. Valentino had revenue of 1.4 billion euros and a recurring EBITDA of 350 million euros in 2022. Kering’s star brand Gucci rose just 1% on an organic basis.

Persons: Henri Pinault, Valentino, Gucci, Valentino Garavani, LVMH, Sabato De Sarno, Alessandro Michele, Marco Bizzarri, Kering, George Hay, Streisand Neto, Oliver Taslic Organizations: MILAN, Reuters, Thomson

☆ Wanting More Than ‘Thank You, Next!’
▼ + stars: | 2023-07-28 | by ( Jenny Gorelick | ) www.nytimes.com time to read: +2 min

I was staying in a friend’s mother’s guest room in Beverly Hills. I had just gone through a big breakup — a falling out with my best friend, which felt like a worse kind of heartache. On one of our last good days, we both auditioned to play a girl with such debilitating acne that she was canceling plans with her friends. And soon she was canceling plans with me. She was late to the monthly comedy show we did together, coming from an influential birthday party I wasn’t invited to.

Persons: Da Michele, ”, Julia Roberts, margherita, podcasters Organizations: New York Locations: Naples, Italy, Hollywood, Beverly Hills, New

☆ Insight: Wegovy weight-loss injection factory plagued by sterile-safety failures
▼ + stars: | 2023-07-27 | by ( Maggie Fick | ) www.reuters.com time to read: +10 min

Microbial contamination of drugs injected into the body, rather than swallowed, can be deadly, the people said - although the FDA inspectors didn't report any signs of this sort of contamination at the Brussels factory. In both visits, the FDA inspectors found Catalent staff had repeatedly failed to investigate why equipment was malfunctioning. BLINDSIDED BY BOOMING DEMANDWithin months of launching Wegovy, Novo Nordisk was overwhelmed by demand in America, and told shareholders that its initial supply would not keep pace. From December that year and throughout 2022, Novo repeatedly pushed out the timeline for when the supply constraints would end. In late December 2022, Novo announced all five dose strengths were available again in the United States.

Persons: Wegovy, Catalent, Eli Lilly, LLY.N, Susan Bain, Karsten Munk Knudsen, Ambre James, Brown, James, Knudsen didn't, Steven Lynn, Lynn, David Talmage, didn't, Novo, Maggie Fick, Vincent Flasseur, Michele Gershberg Organizations: U.S . Food, Drug Administration, Reuters, FDA, Novo Nordisk, University of Southern, Novo executives, Novo, U.S, Manufacturing, Parenteral Drug Association, Thomson Locations: U.S, Brussels, Danish, University of Southern California, Wegovy, Novo, America, United States

☆ Big central banks hike again with end in sight
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +5 min

To date, nine developed economies have raised rates by a combined 3,840 basis points (bps) in this cycle. Expectations for a big rate increase have eased after latest data showed inflation fell to a softer-than-expected 7.9% in June. Markets think there's a 50% chance of a 25 bps increase in September, and an equal chance of a hold. Reuters Graphics10) JAPANThe Bank of Japan, the world's most dovish major central bank, concludes a two-day meeting on Friday. The central bank is leaning towards keeping the dial set to dovish, Reuters reported last week.

Persons: Jerome Powell, BoE, Philip Lowe's, Michele Bullock, Riksbank, Kazuo Ueda, Nell Mackenzie, Alun John, Naomi Rovnick, Harry Robertson, Chiara Elisei, Vincent Flasseur, Sumanta Sen, Pasit, Sharon Singleton Organizations: UNITED, Federal Reserve, ZEALAND, Reserve Bank of New, Reuters, BRITAIN, Bank of England, Bank of Canada, BoC, European Central Bank, Norges Bank, bps, Swiss National Bank, Markets, Bank of Japan, Thomson Locations: Japan, Reserve Bank of New Zealand, AUSTRALIA, NORWAY, Norway, SWEDEN, SWITZERLAND, JAPAN

☆ Unprecedented ocean heat is changing the way sharks eat, breathe and behave
▼ + stars: | 2023-07-27 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +6 min

“An increase in metabolic rates means that sharks are using more energy to just be alive and swim,” Di Santo told CNN. Some fish species are not able to find new, suitable habitats, which causes a decline in their population. “It is important to consider that sharks are very much tuned in the behavior of their prey,” Di Santo said. “These small-scale movements can be just as crucial for their survival as poleward relocations,” Di Santo said. Zidowitz said progress on conservation to protect shark species is “too slow to keep pace” with the numerous threats they face, yet she remains hopeful.

Persons: Heike, Michele Spatari, Valentina Di Santo, biomechanist, Di, ” Di Santo, Di Santo, ”, Joseph Prezioso, Zidowitz, ” Zidowitz Organizations: CNN — Sharks, International Union for Conservation of, World Wildlife, CNN, ”, Cape, Getty, National Oceanic, Atmospheric Administration Locations: Germany, Umkomaas, Durban, South Africa, AFP, Cape Cod , Massachusetts

☆ Interest rates just went up again: What the latest Fed move means for you
▼ + stars: | 2023-07-26 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +6 min

And the Fed’s preferred inflation measure — the core Personal Consumption Expenditures Index — inched down to 4.6% in its latest reading. Credit cards remain very expensiveWhen Fed rates go up, so do credit card rates. So it’s not surprising that card rates in the past year have been trending at around 20-year highs. As of July 19, the average credit card interest rate is 20.44%, down slightly from the 20.58% recorded the week before, according to Bankrate.com. Second-quarter data from the Fed shows the average rate for them is 22.16%.

Persons: ”, Greg McBride, Michele Raneri, you’ll, it’s, Matt Schulz, Cardholders, Freddie Mac, they’d, McBride, Anna Bahney Organizations: New, New York CNN, Federal Reserve, Consumer, JPMorgan Chase, Bank of America, Fed, LendingTree Locations: New York

☆ 5 ways parents can shore up a middle schooler’s self-image
▼ + stars: | 2023-07-25 | by ( Phylis Fagell | ) edition.cnn.com time to read: +9 min

Editor’s Note: Phyllis L. Fagell, a licensed clinical professional counselor and professional school counselor, is the author of “Middle School Matters.” Her new book is “Middle School Superpowers: Raising Resilient Tweens in Turbulent Times.”CNN —After a disappointing routine during a gymnastics meet, Addy Moser was full of self-doubt, so the 13-year-old tried silently encouraging herself using her own first name. It’s not easy for middle schoolers to counteract unrealistic expectations they absorb from peers, family members, the culture and themselves, which is why I devote a chapter in my new book, “Middle School Superpowers: Raising Resilient Tweens in Turbulent Times,” to acquiring “super security,” the power to develop a healthy self-identity. The good news is you can help your child acquire super security. Beyond offering unconditional love, which every child needs to feel secure, parents can do practical things to shore up a tween’s self-image. Parents can encourage children who use social media to be mindful about the posts they see and share.

Persons: Phyllis L, ”, Addy Moser, Jason Moser, “, Dad, ‘ Addy, Addy, ’ ” Moser, It’s, Michele Borba, Erlanger Turner, Moser, “ Sally, ” Moser, Devorah Heitner, Heitner, Jennifer Breheny Wallace, ” Wallace, Martin Seligman, Christopher Peterson, don’t, Wallace, ‘, ‘ You’re, ’, Amy Morin, Mary Alvord, ” Alvord, you’re, Robyn Silverman, Silverman, you’ve, I’m, Turner, Borba Organizations: “, Times, ” CNN, Michigan State University, Pepperdine University, Forster, Productions, Via Survey, SDI Locations: Los Angeles

☆ Australia jobs jump again, heaping pressure on RBA
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +3 min

The jobless rate held at a downwardly revised 3.5%, when analysts had expected 3.6%, leaving it just above the 3.4% trough from October last year. Markets moved to priced in a 42% probability that the Reserve Bank of Australia (RBA) would resume hiking rates in August, compared with 35% before the jobs data. Incoming RBA Governor Michele Bullock has said the jobless rate would need to rise to about 4.5% to curb inflation. "The hotter-than-expected jobs numbers... leave no room whatsoever for an upside surprise in next Wednesday's Q2 CPI data. However, pressure on the RBA to keep pace with its overseas counterparts on rate hikes has eased somewhat in recent weeks.

Persons: Michele Bullock, Tony Sycamore, Marcel Thieliant, Stella Qiu, Wayne Cole, Jacqueline Wong, Jamie Freed Organizations: SYDNEY, Australian Bureau, Statistics, Reserve Bank of Australia, Incoming, IG, Capital Economics, Reserve, European Central Bank, Bank of England, Thomson Locations: Australia

ATHENS, July 19 (Reuters) - Wildfires burned for a third day west of the Greek capital Athens on Wednesday, as authorities braced for a new heatwave stoking tinderbox conditions across the country. At first light, air water bombers resumed operations over the towns of Mandra, west of Athens, and Loutraki, close to the Corinth canal which separates mainland Greece from the Peloponnese. Firefighters worked throughout the night to keep flames at bay and away from a complex of coastal refineries. Dozens of homes were gutted and hundreds forced to flee towering flames which seared through hamlets on Tuesday. A year later, 101 people died in the seaside town of Mati, east of Athens, after a wildfire razed the town in a matter of hours.

Persons: Vassilis Varthakogiannis, Kostas Tsigas, Greece's, imploring, Andreas Theodosiadis, Michele Kambas, David Holmes Organizations: Firefighters, Traffic, Thomson Locations: ATHENS, Athens, Mandra, Corinth, Greece, Peloponnese, Italy, France, Rhodes, Dervenochoria, Mati

For years, Marco Bizzarri was one of the most well-known and respected executives in the global luxury business. Bald and boldly suited, he was the architect behind the meteoric success of Gucci, the largest fashion brand in the stable owned by the French group Kering, which also includes Balenciaga, Bottega Veneta and Saint Laurent. The news was buried in the third paragraph of a memo Kering released that outlined a major organizational shake-up as François-Henri Pinault, the chairman and chief executive, tries to write a new chapter for the fortunes of Gucci and the conglomerate. In the same announcement, Kering said Francesca Bellettini, the chief executive of Yves Saint Laurent, would become the conglomerate’s deputy chief executive for brand development, a promotion that will require all Kering brand chief executives to report to her and make her one of the most powerful women in the luxury industry. Jean-Marc Duplaix, Kering’s chief financial officer, will also become a deputy chief executive, overseeing operations and finance.

Persons: Marco Bizzarri, Gucci, Saint Laurent, Alessandro Michele, Bizzarri’s, Kering, Henri Pinault, Francesca Bellettini, Yves Saint Laurent, Jean, Marc Duplaix Organizations: Saint, Gucci Locations: Bottega Veneta

☆ What we know about the 16 fake electors charged in Michigan
▼ + stars: | 2023-07-18 | by ( Marshall Cohen | ) edition.cnn.com time to read: +5 min

Some of the GOP electors in Michigan were local activists who were recruited to serve as “fake electors,” all while inaccurately believing there was still a chance that then-President Donald Trump might secure a second consecutive term. CNN has reached out to the 16 fake electors for comment about the criminal charges. Here’s what we know about the 16 fake electors facing state charges. Meshawn Maddock, 55, was co-chair of the Michigan Republican Party during the 2020 campaign and is married to a GOP member of the Michigan House of Representatives. James Renner, 76, was also brought in later in the process to replace one of the original GOP electors.

Persons: ”, Donald Trump, Meshawn Maddock, Kathy Berden, Marian Sheridan, Kent Vanderwood, Stanley Grot, Amy Facchinello, Ann Henry, Michele Lundgren, “, we’d, Trump, …, ” Clifford Frost, John Haggard, Timothy King, Rose Rook, Mayra Rodriguez, Hank Choate, Sonny Perdue, Ken Thompson, Thompson, James Renner Organizations: CNN, Republicans, Republican National Committee, Trump, Michigan Republican Party, GOP, Michigan, Representatives, Republican National Convention, Wyoming City Council, 2nd District Republican Party, Genesee County Republican Party, Congressional, Republican, Democratic, Detroit Free Press, Michigan GOP Locations: Michigan, Washington ,, DC, Wyoming , Michigan, Grand Rapids, Wyoming, Shelby Township, Grand Blanc, Flint , Michigan, Genesee, Michigan’s, Lansing, Detroit, Macomb County, Van Buren County

☆ What Pan Am flight attendants did next
▼ + stars: | 2023-07-17 | by ( Annita Thomas | ) edition.cnn.com time to read: +13 min

Pan Am has always been synonymous with glamor, and its flight attendants lived their opportunities to the max. Pan Am flight attendants doubled as ambassadors for the airline. Seven former Pan Am flight attendants tell us where they ended up. Memories live on, with many of us becoming members of World Wings International, a non-profit organization of former Pan Am flight attendants. Other former Pan Am flight attendants have unique ways of honoring the airline.

Persons: CNN —, Pan, ”, Camille Lewis, Camille Lewis Camille Lewis's, Camille Lewis’s, Mother Teresa, primatologist Jane Goodall, Michèle Bennett, ‘, Doc ’ Duvalier, Camille, Phillip Keene Phillip Keene, Phillip Keene, Keene, Andrew Eccles, John Gielgud, Tracey Ullman, hairstylist Vidal Sassoon, Huey Lewis, –, “, Buzz Watson, Karren Pope, Onwukwe, Susan L, Taylor, Coretta Scott King, Don King, James Brown, Linda Reynolds, Reynolds, Walter Cronkite, ” Reynolds, Joe, ” Penny Powell Penny Powell, Penny Powell, Powell, Elena Williams Elena Williams, Elena Williams, Williams, John F, Kennedy, Jr, “ I’m Elena Sugarman, ” Annita Thomas Annita Thomas, Annita Stokes Thomas I, jetsetting, I’d, Thomas, Annita Stokes Thomas, William Tolbert, Kurt Strumpf, David Hinson, David Jeffery, Oprah’s, Linda Little Freire, Pan Amer Organizations: CNN, Pan American World Airways, Boeing, Pan, LA, Hollywood, JFK, “ Clippers, JFK Jr, Metropole Hotel, Roberts, Pan Am, “, World Wings, Pan Am Museum Foundation Locations: Rome, Rio, Pakistan, Rio de Janeiro, Nairobi, Caesar’s Beach, Liberia, Saudi Arabia, Haiti, New York, Paris, Los Angeles, California, London, Amsterdam, Switzerland, Italy, Ireland, Dakar, Senegal, La Guardia, Pan, Maryland, Pan Am, Dhahran, Vietnam, Spanish, Chicago, Memphis, Tokyo, West, East Africa, South Georgia, JFK, Narita, Georgia

As investors bet on a milder inflation outlook, the MSCI World Equity index (.MIWD00000PUS) rose to its highest so far this year. BOND YIELD BOUNCEU.S. government bond yields bounced back slightly on Friday after sharp declines earlier in the week. The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was up 10.6 bps at 4.717%. "Getting the 3% (inflation reading) is one thing, getting back to 2% is going to be a much harder task," Villamin said. LOWER DOLLAR HOLDSThe dollar hovered near a 15-month low on Friday and was set for its biggest weekly decline since November after softening U.S. inflation data.

Persons: Brendan McDermid, Germany's DAX, Michele Morganti, Morganti, Norman Villamin, We're, Villamin, Brent, Lawrence Delevingne, Elizabeth Howcroft, Jan Harvey, Nick Macfie Organizations: New York Stock Exchange, REUTERS, U.S . Federal Reserve, Wednesday U.S, JPMorgan Chase, UnitedHealth, Dow Jones, Nasdaq, Generali Investments, Treasury, Brent, Thomson Locations: New York City, U.S, Rome, Libya, Nigeria, Boston, London

☆ Australia picks first female central bank head to shepherd through reform
▼ + stars: | 2023-07-14 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

Lowe will leave on Sept. 17, marking the end of his 43-year career at the bank. The decision comes as Lowe is due to accompany Chalmers to a Group of 20 meeting in India next week. "Michele Bullock will become the first woman to ever lead the Reserve Bank in this country." His two predecessors, again both career central bankers, were reappointed to second terms and each served 10 years in total. "The Reserve Bank is in very good hands as it deals with the current inflation challenge and implementing the recommendations of the Review of the RBA," Lowe said in a statement on Friday.

Persons: Michele Bullock, Governor Bullock, Philip Lowe, Jim Chalmers, Anthony Albanese, Lowe, Chalmers, Bullock, Tony Sycamore, She’s, Wayne Cole, Renju Jose, Praveen Menon Organizations: SYDNEY, Reserve Bank of Australia, Reserve Bank, Bank, London School of Economics, IG Group, Aussie, Thomson Locations: Australia, India, Sydney, Lincoln

☆ Asia stocks set for best week of 2023, dollar reels on dovish Fed bets
▼ + stars: | 2023-07-14 | by ( Kevin Buckland | ) www.reuters.com time to read: +4 min

Gold was poised for its best week in three months as the dollar floundered, while crude oil rose to the highest in nearly three months. U.S. E-mini equity futures also pointed to a 0.16% lower restart for the S&P 500 (.SPX), after the index rallied 0.85% overnight. Meanwhile, the U.S. dollar index - which measures the currency against six major peers - edged about 0.1% lower to touch 99.637 for the first time since April of last year. "The dollar index can probably trade down toward 98 over the coming weeks without too many problems," said IG's Sycamore. It has rallied nearly 2% this week.

Persons: Gold, we've, Tony Sycamore, HSI, Korea's, Michele Bullock, Kevin Buckland, Simon Cameron, Moore Organizations: Federal, Treasury, IG, Japan's Nikkei, U.S, Bank of Japan's, Reserve Bank of Australia, Brent, . West Texas, Thomson Locations: TOKYO, Sydney, Asia, Pacific, Japan, Australia

SYDNEY, July 14 (Reuters) - Reserve Bank Deputy Governor Michele Bullock will take over from Governor Philip Lowe in September and has already flagged that leading the country's central bank through a period of change will be a major priority. Bullock, the first woman to helm the country's central bank, will have the task of leading the bank through its biggest internal shakeup in decades while also maintaining the fight against inflation. "I wasn't sure I would ever be in this position," Bullock said in a 2022 interview with her alma mater. "I never thought that Guy Debelle, who was the deputy governor, would leave the Bank. A review into the central bank published in April recommended sweeping changes including the setup of a separate specialist board to manage monetary policy, less frequent meetings and more public communication.

Persons: Michele Bullock, Philip Lowe, Bullock, Anthony Albanese, Jim Chalmers, Michele, Jonathan Kearns, Bullock's, Guy Debelle, Lowe, Su, Lin Ong, Lewis Jackson, Stella Qiu, Praveen Menon Organizations: SYDNEY, Reserve Bank, University of New, London School of Economics, Challenger, RBC Capital Markets, Thomson Locations: University of New England, Armidale, Sydney, Lincoln

☆ Australia govt appoints Michele Bullock as next central bank governor
▼ + stars: | 2023-07-14 | by ( Wayne Cole | ) www.reuters.com time to read: +2 min

SYDNEY, July 14 (Reuters) - Australian Treasurer Jim Chalmers on Friday said he would not reappoint the country's central bank chief to another term, instead replacing him with his deputy Michele Bullock. Chalmers and Prime Minister Anthony Albanese said Reserve Bank of Australia (RBA) Governor Philip Lowe would leave the bank after finishing his current seven-year term on Sept. 17, marking the end of his 43-year career. "Michele Bullock will become the first woman to ever lead the Reserve Bank in this country." The central bank has since lifted rates 12 times to a decade-high of 4.1%, adding hundreds of dollars to monthly mortgage repayments at a time when a cost of living crisis is already stretching household budgets. His two predecessors, again both career central bankers, were reappointed to second terms and each served 10 years in total.

Persons: Jim Chalmers, Michele Bullock, Chalmers, Anthony Albanese, Philip Lowe, Bullock, Lowe, Wayne Cole, Renju Jose, Leslie Adler, Jamie Freed Organizations: SYDNEY, Bank of Australia, Reserve Bank, Thomson Locations: Sydney, Lincoln

☆ CNBC Daily Open: The S&P 500 may hit a record high
▼ + stars: | 2023-07-14 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Visitors around the 'Charging Bull' statue near the New York Stock Exchange (NYSE) in New York, US, on Thursday, June 29, 2023. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Excluding food, energy and trade services, the core producer price index rose 0.1%, lower than the forecasted 0.2%. Celsius chargesFormer Celsius CEO Alex Mashinsky was arrested Thursday on federal securities fraud charges, a source told CNBC. CNBC Pro searched for companies that analysts are bullish on, and which are due to report earnings next week.

Persons: Michele Bullock, Bob Iger, CNBC's David Faber, Iger, Alex Mashinsky Organizations: New York Stock Exchange, CNBC, U.S, Singapore's Straits Times, Reserve Bank of Australia, Disney, ABC, ESPN, Marvel, Star Wars, SEC, CNBC Pro Locations: New York, Asia, Pacific, Australia

☆ New Aussie central bank boss faces two-front war
▼ + stars: | 2023-07-14 | by ( Antony Currie | ) www.reuters.com time to read: +3 min

MELBOURNE, July 14 (Reuters Breakingviews) - Michele Bullock cannot count on a honeymoon period when she takes over at the Reserve Bank of Australia in September. The country’s Treasurer Jim Chalmers on Friday unveiled her appointment as the central bank’s first female governor after deciding not to extend gaffe-prone Philip Lowe’s seven-year tenure. By the time she steps up, Bullock, currently deputy governor, will probably face an economic war on two fronts. Lowe is a fall guy for the failure by global central banks to take rising prices seriously following the pandemic. Follow @AntonyMCurrie on TwitterCONTEXT NEWSMichele Bullock will be the next governor of the Reserve Bank of Australia, the country’s Treasurer Jim Chalmers announced on July 14.

Persons: Michele Bullock, Jim Chalmers, Philip Lowe’s, Bullock, Lowe, Chalmers, Philip Lowe, Una Galani, Thomas Shum Organizations: MELBOURNE, Reuters, Reserve Bank of Australia, Consumer, Thomson Locations: Australia

☆ Morning Bid: Relief over US inflation keeps Asia upbeat
▼ + stars: | 2023-07-14 | by ( ) www.reuters.com time to read: +2 min

[1/2] A woman shops for groceries at El Progreso Market in the Mount Pleasant neighborhood of Washington, D.C., U.S., August 19, 2022. Indeed, Friday's rise in the yen put it within striking distance of its converging 100-day and 200-day moving averages near 137.00 to the dollar. The Reserve Bank of Australia was also in the spotlight in Asia, with the much-anticipated announcement of its next governor. The rest of the day is light on economic data with euro zone May trade, U.S. export and import prices and University of Michigan consumer sentiment the main releases. But it's a bumper day for bank earnings as JPMorgan Chase (JPM.N), Citigroup (C.N), Wells Fargo (WFC.N) and BlackRock (BLK.N) are all due to report second-quarter results.

Persons: Sarah Silbiger, Sonali Desai, Michele Bullock, JPMorgan Chase, Luis de Guindos, Edmund Klamann Organizations: El Progreso Market, Washington , D.C, REUTERS, Treasury, Bank of, People's Bank of China, The Reserve Bank of Australia, University of Michigan, JPMorgan, Citigroup, BlackRock, Hollywood, Central Bank, JPMorgan Chase, Thomson Locations: Mount Pleasant, Washington ,, Asia, Japan Asia, U.S, Wells Fargo, Brussels U.S

☆ 5 Restaurants in Naples Where You Can Forget About Pizza
▼ + stars: | 2023-07-14 | by ( Seth Sherwood | ) www.nytimes.com time to read: +1 min

The worldwide culinary fame of Italy’s third-largest city boils down to one word: pizza. But a slew of top-notch trattorias, osterias and ristoranti exist right alongside pizza titans like Sorbillo and Da Michele. Drawing on the cornucopia of livestock and produce from the fertile fields and coastal waters of the Campania region — cattle, goats, shellfish, wheat, artichokes, zucchini, figs, citrus fruits and more — these eateries dish out local inventions from mussel soup to homegrown pastas to limoncello. So when you’re ready to foray beyond the overcrowded dens of dough and red sauce, here are five addresses in five neighborhoods offering both traditional and creative takes on beloved Neapolitan recipes and ingredients. Buon appetito.

Persons: Da Michele, appetito Locations: Campania

☆ Insight: The meds they bought were toxic. Now Gambian parents seek justice
▼ + stars: | 2023-07-14 | by ( Edward Mcallister | ) www.reuters.com time to read: +8 min

Three Gambian lawyers said this is the highest profile case of its kind against the nation's health ministry and the drug regulator, as well as against Maiden itself. It adds that the regulator and the health ministry failed to ensure that drugs were prescribed "with the expected standard of care." Gambia's health ministry did not respond to requests for comment. By this stage, the Gambian health ministry had sent samples of the Maiden syrups abroad for testing. The drugs regulator, the Medicines Control Agency, which is part of the health ministry, did not respond to a request for comment for this story.

Persons: syrups, Maiden, vomited, Amie Jammeh, Mafugi Jassey, Mafugi, Jammeh, Loubna Farage, Jude Nwokike, Markieu Janneh Kaira, Kaira, Edward McAllister, Michele Gershberg, Sara Ledwith Organizations: Suit, Reuters, World Health Organization, WHO, Pharmaceuticals, EG, World Bank, Medicines, Pharmacopeia, Medicines Control Agency, Thomson Locations: Serekunda, Gambia, India, DAKAR, Indonesia, Uzbekistan, Senegal, Africa

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