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Morning Bid: Irksome inflation won't die down
  + stars: | 2023-02-28 | by ( ) www.reuters.com   time to read: +4 min
Friday's latest U.S. inflation surprise was matched in Europe on Tuesday, with French and Spanish headline inflation rates unexpectedly rising again in February - making for an uncomfortable final day of a transformative month for markets. And worryingly, market-based measures of inflation expectations are rising sharply again too. U.S. two-year 'breakeven' inflation rates , taken from inflation-protected Treasury securities, have jumped 80 basis points this month to 2.8% - wiping away the prior assumption that inflation would return to the Fed's 2% target over two years. In Europe, the five year, five-year forward inflation linked swap has jumped 20bps to a 9-month high just under 2.5%. Stock markets steadied after early losses, with U.S. futures only slightly in the red ahead of the open and month end.
Belarusian President Alexander Lukashenko said on Monday that Russia and Belarus are capable of producing "any type of weapon" and can export such products to 57 countries around the world, circumventing sanctions on weapons production. "Despite unprecedented sanctions pressure, we produce sufficient quantities of weapons and military equipment to meet the needs of the Belarusian army. are concerned, kudos to those who preserved the legacy of the Soviet Union, and therefore, together with Russia, we are capable of manufacturing any type of weapon," Lukashenko added. The U.S. has warned Beijing against giving weapons to Russia as Moscow looks for other sources of military hardware. Belarus has sought to stay out of actively participating in the war while assisting Russia in terms where it can, having allowed Russia to launch its initial invasion of northern Ukraine from Belarusian territory.
REUTERS/Evgenia NovozheninaFeb 27 (Reuters) - Belarusian anti-government activists have claimed responsibility for what they said was a drone attack on a Russian A-50 surveillance aircraft at an airfield near the Belarus capital of Minsk on Sunday. Franak Viacorka, an adviser to Belarusian opposition leader Sviatlana Tsikhanouskaya said in a post on Twitter it was the most successful act of sabotage since the beginning of 2022. Front and central parts of the aircraft as well as the radar antenna were damaged as a result of two explosions in the attack at the Machulishchy air base near Minsk, BYPOL reported. The Beriev A-50 aircraft, which has the NATO reporting name of Mainstay, is a Russian airborne early warning aircraft, with airborne command and control capabilities, and the ability to track up to 60 targets at a time. A number of Russian warplanes and airborne early warning and control aircraft have been deployed to Belarus.
Opposition activists in Belarus said they destroyed a Russian military aircraft near Minsk. The head of a group opposing Belarus' dictator said those behind the attack escaped the country. The head of Belarusian opposition group BYPOL took responsibility for the attack, with its leader, Aliksandr Azarov, saying on Telegram that it was accomplished using drones. Franak Viacorka, an adviser to exiled Belarusian opposition leader Sviatlana Tsikhanouskaya, told the BBC that the attack was "creative" and "sophisticated". Belarus has supported Russia's invasion of Ukraine, allowing Russian troops to use the country as a transit point.
Feb 27 (Reuters) - A Russian A-50 surveillance military aircraft was damaged in a drone attack at an airfield near the Belarus capital of Minsk on Sunday, Belarus partisans and members of the exiled opposition said. Belsat is a Polish broadcaster focused on Belarusian news that Minsk has branded extremist. Front and central parts of the aircraft as well as the radar antenna were damaged as a result of two explosions in the attack at the Machulishchy air base near Minsk, BYPOL reported. The Beriev A-50 aircraft, which has the NATO reporting name of Mainstay, is a Russian airborne early warning aircraft, with airborne command and control capabilities, and the ability to track up to 60 targets at a time. A number of Russian warplanes and airborne early warning and control aircraft have been deployed to Belarus.
Feb 26 (Reuters) - Belarus, a small Russian ally bordering Ukraine, has as many as 1.5 million potential military personnel outside its armed forces, a senior official was quoted as saying on Saturday. Lukashenko this month ordered the formation of a new volunteer territorial defence force of up to 150,000 people. He has said his army would fight only if Belarus was attacked. The country's professional army has about 48,000 troops and some 12,000 state border troops, according to the 2022 International Institute for Strategic Studies' Military Balance. Reporting by Lidia Kelly in Melbourne; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.
Belarusian leader Alexander Lukashenko has paid several state visits to China. Belarusian President Alexander Lukashenko will visit China next week, as Beijing has sought to play a more active role in diplomacy around the war while supporting its close partner Russia. Mr. Lukashenko is scheduled to pay a state visit to China from Feb. 28 to March 3, Chinese state media reported Saturday. The trip comes amid a flurry of diplomacy around the anniversary of the Ukraine war. China’s top diplomat, Wang Yi, visited Russia this week, around the same time as President Biden made a surprise trip to Kyiv.
Feb 25 (Reuters) - Belarusian President Alexander Lukashenko said he held a long conversation with his Russian counterpart Vladimir Putin on Friday, the one-year anniversary of Moscow's invasion of Ukraine. Lukashenko has denied the election was rigged and accused the West of funding protesters. He has supported Putin in his year-long war with Ukraine, including by letting him invade from Belarusian territory and by allowing Russia to train newly mobilised troops in Belarus. Russia and Belarus are allied in a "Union State" in which Moscow is by far the dominant partner, but Lukashenko dismissed media reports this week that Russia had drawn up a plan to absorb Belarus by 2030. Separately, the state news agency Belta said Lukashenko would start a three-day visit to China on Tuesday.
Feb 21 (Reuters) - Belarus said on Tuesday that there was a significant grouping of Ukrainian troops massed near its border and warned that this posed a threat to its security. "At present, a significant grouping of the Ukrainian army is concentrated in the immediate vicinity of the Belarusian-Ukrainian section of the state border," the defence ministry said in a post on Telegram. Belarus allowed Russia to use its territory as a launchpad for the invasion of Ukraine a year ago, and President Alexander Lukashenko said last week it was ready to do so again. Lukashenko says Belarus would only enter the war if attacked by Ukraine. Reporting by Reuters; writing by Caleb Davis and Mark Trevelyan Editing by Gareth JonesOur Standards: The Thomson Reuters Trust Principles.
Russia plans to take over its neighbor Belarus, according to a leaked document from Putin's office. The plan is to create a "union state" led by Russia by 2030, the document says. The internal strategy document lays out how Russia plans to get rid of what remains of Belarus' independence over a years-long plan. This would involve gradually creating stronger pro-Russia sentiment, expanding Russia's military presence there, and making it easier for citizens to get Russian passports. The ultimate goal is to create a common "union state" that is under Russian leadership, it said.
I have said more than once: every man - and not only a man - should be able to at least handle weapons," Lukashenko said at the meeting of his Security Council. Lukashenko, who allowed Russia to use Belarus to send troops into Ukraine a year ago, has often said his army would fight only if Belarus was attacked. "In case of an act of aggression, the response will be fast, harsh and appropriate," Lukashenko said on Monday. Defence Minister Viktor Khrenin said the territorial defence force will have 100,000-150,000 volunteers, or more if needed. The country's professional army has about 48,000 troops and some 12,000 state border troops, according to the 2022 International Institute for Strategic Studies' Military Balance.
WARSAW, Feb 20 (Reuters) - Poland announced more curbs to road traffic with Belarus on Monday, hours after saying Minsk was expelling three Polish diplomats, as relations between the two nations deteriorate. Citing "state security", Poland said on Feb. 9 it was closing a border crossing into Belarus at Bobrowniki, driving already hostile relations between the two countries to a new low. Freight traffic for Belarusian vehicles at the Kukuryki-Kozlowicze border crossing will be suspended as of 7 p.m. Tuesday, the Polish Interior Ministry said on Monday. The decision was linked to Minsk curbing traffic for Polish road freight on Belarus' borders with Latvia and Lithuania, the ministry said. Belarus has called the decision to close the Bobrowniki border crossing irrational and dangerous.
MINSK—Nearly a year into the war in Ukraine, Belarusian President Alexander Lukashenko continues to back his ally Vladimir Putin, saying that he would again let the Russian president to use Belarus to stage further attacks on Ukraine—though would only send troops of his own if Belarusian forces were attacked. Speaking in a rare question-and-answer session with Western and Belarusian journalists Thursday, Mr. Lukashenko also presented himself as a potential peacemaker in the conflict, offering to host a meeting between President Biden and Mr. Putin when the U.S. leader visits Poland next week.
Feb 16 (Reuters) - Belarus' President Alexander Lukashenko said on Thursday he would only order his troops to fight alongside ally Russia if another country launches an attack against Belarus, the state-run Belta news agency reported. "I am ready to fight with the Russians from the territory of Belarus in only one case: If even one soldier comes onto the territory of Belarus to kill my people," Belta quoted Lukashenko as telling a news conference on Thursday. "If they commit aggression against Belarus, the response will be the most severe, and the war will take on a completely different nature." Russia used Belarus as a staging post for its full-scale invasion of Ukraine last year, launching its failed offensive on the Ukrainian capital of Kyiv from the country. A flurry of military activity and joint air force drills between Russia and Belarus earlier this year rekindled concerns that Minsk could be preparing to take a more active role in the conflict.
After leaving the military in the 1980s, he became the manager of a collective farm, which in Soviet Belarus was seen as a respectable job. Alexander Lukashenko in Hannover, Germany, on April 22, 1998. Holger Hollemann/picture alliance via Getty ImagesCollective farms in Soviet Russia were state-controlled and geared towards improving productivity and efficiency. In 1993, Lukashenko officially entered politics after he was promoted to lead the Belarusian parliament's anti-corruption commission. Source: The Week
KYIV, Feb 13 (Reuters) - Nobel Peace Prize laureate Ales Byalyatski called for "national reconciliation" between the Belarus authorities and opposition on Monday, in his final statement at a trial he said was politically motivated. "We need to start a broad public dialogue aimed at national reconciliation," Byalyatski told the court in a statement published online by the Viasna human rights organisation he co-founded in 1996. Byalyatski was already in jail and awaiting trial long before he was awarded the Nobel Peace Prize last October, along with Russian human rights organisation Memorial and Ukrainian human rights organisation Center for Civil Liberties. "The criminal case against us, the human rights activists of Viasna, is politically motivated," Byalyatski said. He has brushed off accusations of human rights abuses.
Feb 10 (Reuters) - Belarus on Friday slammed a decision by Poland to close a border checkpoint between the two countries as "catastrophic", saying it could lead to a "collapse" on both sides of the border. "The actions of the Polish authorities could lead to a collapse on both sides of the border," Belarus' border committee said in a statement shared on social media. After the closure comes into force, only two of six major land crossing points along the two countries' 400-km (249 mile) border will be open, Belarus' border force said in a statement. "With the closure of another Polish checkpoint, the situation will become catastrophic," Belarus' border force added, pointing to already existing long lines at border crossings. Minsk also said it believed the decision was purposefully designed to "further aggravate the situation at the border and limit citizens' travel."
Pandora CEO: Consumer demand continues to be stable
  + stars: | 2023-02-10 | 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 EmailPandora CEO: Consumer demand continues to be stableAlexander Lacik, CEO of Pandora, discusses fourth-quarter earnings and its expansion plans.
Poland to close Belarus border crossing until further notice
  + stars: | 2023-02-09 | by ( ) www.reuters.com   time to read: +2 min
WARSAW, Feb 9 (Reuters) - Poland is to close a key border crossing with Belarus until further notice, the Polish interior minister said on Thursday, as relations between Warsaw and Minsk sink to new lows. Bobrowniki, more than 200 km northeast of Warsaw, is one of the main crossing points between Poland and Belarus. In 2021, Poland and the European Union said Minsk had engineered a migrant crisis on its borders, an accusation Belarus denies. More recently, Poland has condemned the vandalism of Polish graves in Belarus. Thousands of people of Polish origin live in Belarus as the west of the country was Polish territory until the borders were redrawn after World War Two.
The Seawater Cure: How the French Slim Down
  + stars: | 2023-02-02 | by ( Alexander Lobrano | ) www.wsj.com   time to read: 1 min
AS A food-and-travel writer who lives in France, I face occupational hazards other people might envy: Think white Burgundies, foie gras, butter, cream and the world’s best cheeses. It’s a constant battle to avoid ending up with the silhouette of a pear. That’s why in the years since I moved to Paris in 1986, I’ve become a fan of thalassotherapy, taking dozens of “cures” at some of the 50-odd thalassotherapy centers along the Atlantic and Mediterranean littorals of France. The word derives from the Greek words “thalassa” (sea) and “therapeia” (to nurse or cure) and refers to a series of treatments—heated seawater baths, stimulating jet showers and seaweed wraps—and exercise such as aqua gym (in-water calisthenics).
NBA roundup: Magic rally to end Sixers' win streak
  + stars: | 2023-01-31 | by ( ) www.reuters.com   time to read: +5 min
James Harden amassed 17 points, eight rebounds and six assists, and Tobias Harris also had 17 points. Josh Giddey added 21 points for Oklahoma City, which has alternated wins and losses over the past six games. Patty Mills also finished with 21 points as he and Thomas combined to shoot 15 of 25 and hit eight 3-pointers. Bradley Beal added 21 points for the Wizards, with Kristaps Porzingis hitting for 17 and Kyle Kuzma scoring 16. Jeremy Sochan had 17 points, Zach Collins had 16 points and 11 rebounds and Stanley Johnson added 10 points.
According to my sources close to the Russian administration, Mr. Putin then perceived Mr. Prigozhin solely as a counterweight to the generals. The Russian president saw Mr. Prigozhin as his man, an obedient tool and easy to use. Those achievements alone guaranteed Mr. Prigozhin responsibility for Mr. Putin’s most delicate assignments. But this year, Mr. Prigozhin moved into another league, surpassing all of Mr. Putin’s other friends in power. Mr. Prigozhin bypassed all of them and appears to be the most important player in Russia.
Persons: Putin, Alexander Lapin, Prigozhin, Robert Mueller’s, Wagner, Putin’s, Sergei Shoigu, Nikolai Patrushev, Sergei Chemezov, Yury Kovalchuk Organizations: Internet Research Agency, Defense, Russian Security Locations: Ukraine, Russian, Africa, Syria, Russia’s, Russia
Jan 24 (Reuters) - Belarusian leader Alexander Lukashenko said on Tuesday that he had been asked to conclude a non-aggression pact with Ukraine, the Belta state news agency reported, citing comments that suggested he saw Kyiv as a potential threat. Lukashenko was quoted by Belta as saying:"...They are asking us not to go to war with Ukraine in any circumstances, not to move our troops there. It was not immediately clear from his comments whether Ukraine itself or the West had made the alleged offer. Minsk allowed Moscow to use Belarusian territory to send troops into Ukraine on Feb. 24 last year. In the same speech, Belta cited Lukashenko as accusing Ukraine of hosting militants who could be part of an alleged long-term Western plan to destabilise his country.
Belarus' exiled opposition leader, Sviatlana Tsikhanouskaya, has bene put of trial for charges of treason and attempting to seize power. Belarus' exiled opposition leader Sviatlana Tsikhanouskaya, who was put on trial in absentia this week on treason charges, said she has no hope that she will receive a fair trial. Tsikhanouskaya fled Belarus after Lukashenko seized power in the sharply contested 2020 elections, which were followed by widespread demonstrations over alleged electoral fraud. She was put on trial Tuesday and faces a possible jail term of 15 years on charges of treason and attempting to seize power. Tsikhanouskaya's trial comes amid ongoing concerns over Lukashenko's ties with Russian President Vladimir Putin, and the possible escalation of Belarus' engagement in the war in Ukraine.
Lavrov says Russia will "sober up" NATO and EU
  + stars: | 2023-01-19 | by ( ) www.reuters.com   time to read: +2 min
Jan 19 (Reuters) - Russian Foreign Minister Sergei Lavrov said on Thursday that Moscow would do all it could to "sober up" the European Union and NATO, which he accused of setting out to weaken and defeat Russia. His comments came on the same day that former Russian president Dmitry Medvedev warned NATO that a defeat for Russia in Ukraine could trigger a nuclear war. Nearly 11 months after invading Ukraine, Russia is increasingly presenting the war to its own people as an existential battle with the West. In televised comments, Lavrov said Moscow would set out to disabuse Western politicians of their "presumptuous" and "colonial" attitudes to Russia. "We will do everything so that our colleagues from NATO and the European Union sober up as soon as possible."
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