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☆ Dispossessed Kenyans demand compensation ahead of King Charles' visit
▼ + stars: | 2023-10-30 | by ( Aaron Ross | ) www.reuters.com time to read: +5 min

Before Elizabeth could make it to Lake Victoria, word came that her father, King George VI, had died. More than 70 years later, Elizabeth's son, King Charles, will visit Kenya this week on a state visit. Buckingham Palace has said Charles' visit, which begins on Tuesday, will acknowledge "painful aspects of the UK and Kenya's shared history". The colonial administration took hundreds of square kilometres of land that communities in western Kenya had lived on for generations and handed it to British settlers. The British government has not been receptive in the past to requests by the Kipsigis and Talai to discuss compensation.

Persons: Britain's King Charles ', Camilla's, King Charles, Princess Elizabeth, Kibore Cheruiyot Ngasura, Elizabeth, King George VI, Elizabeth's, Ngasura, Charles, Kenya's, Joel Kimetto, “, Talai, Aaron Ross, Michael Holden, Alison Williams Organizations: Reuters, Kenyan, British, Foreign, Commonwealth, Development Office, Thomson Locations: Britain's, Kenya, Tugunon, Kericho County, KERICHO, Lake Victoria, Gwassi, London, Buckingham, British, Kericho, Nairobi, Mombasa

“My opponent is backed by special interests who are spending millions of dollars on lies about me,” she says in a new TV ad. As the campaign finance reports have rolled in to the state, McCaffery’s side has gained a slight spending edge. During the five-week period ending Oct. 23, McCaffery's campaign reported spending $2.3 million. Another group that is largely funded by Illinois billionaire Richard Uihlein reported spending $735,000 on a TV ad attacking McCaffery. One umbrella group, Pennsylvanians for Judicial Fairness, has reported spending more than $4 million while the American Civil Liberties Union reported spending more than $1 million.

Persons: Dan McCaffery, Carolyn Carluccio, Roe, Wade, we’ve, ” McCaffery, McCaffery, Carluccio, “, ”, Jeffrey Yass, Richard Uihlein, Marc Levy Organizations: Democratic, U.S, Supreme, Pennsylvania, Federation, Life Coalition of Pennsylvania, Commonwealth, Fund, Illinois, Fair Courts America, GOP, Court, Pennsylvania Chamber, Business, Industry, American Civil Liberties Union Locations: HARRISBURG, Pa, Pennsylvania, Montgomery, Philadelphia, Yass, Wisconsin's

☆ Dollar holds near 150 yen as central bank policy, data deluge awaited
▼ + stars: | 2023-10-30 | by ( ) www.cnbc.com time to read: +3 min

A Chinese bank employee counts 100-yuan notes and U.S. dollar bills at a bank counter in Nantong in China's eastern Jiangsu province on August 6, 2019. The dollar inched broadly higher in cautious trade on Monday and held near 150 yen as traders looked to a policy decision by the Bank of Japan later in the week, alongside other major central bank meetings and a slew of economic data releases globally. A PMI data deluge, inflation figures in the euro zone and U.S. nonfarm payrolls also add to the mix of the event-packed week. "I think for the FOMC and the Bank of England, they will be pretty low key with them leaving interest rates on hold. The yen was last 0.1% lower at 149.75 per dollar, getting a slight reprieve after having struck a one-year trough of 150.78 per dollar last week.

Persons: nonfarm payrolls, Carol Kong, Israel, Chris Weston, Christian Scherrmann Organizations: Bank of, U.S . Federal Reserve, Bank of England, Commonwealth Bank of Australia, New Zealand, Aussie, Fed Locations: Nantong, China's, Jiangsu, Bank of Japan, Gaza's, Palestinian, U.S

☆ Dollar holds near 150 yen as c.bank policy, data deluge awaited
▼ + stars: | 2023-10-30 | by ( Rae Wee | ) www.reuters.com time to read: +4 min

Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan banknotes are seen in a picture illustration shot January 21, 2016. A PMI data deluge, inflation figures in the euro zone and U.S. nonfarm payrolls also add to the mix of the event-packed week. "I think for the FOMC and the Bank of England, they will be pretty low key with them leaving interest rates on hold. The BOJ meeting will be the most interesting one (given) heightened speculation over a policy tweak at this meeting." The yen was last 0.1% lower at 149.75 per dollar, getting a slight reprieve after having struck a one-year trough of 150.78 per dollar last week.

Persons: Jason Lee, nonfarm payrolls, Carol Kong, Israel, Chris Weston, Christian Scherrmann, Rae Wee, Muralikumar Organizations: Hong, REUTERS, Rights, Bank of, U.S . Federal Reserve, Bank of England, Commonwealth Bank of Australia, New Zealand, Aussie, Fed, Thomson Locations: Hong Kong, Rights SINGAPORE, Bank of Japan, Gaza's, Palestinian, U.S

☆ In one week, the GOP could win a political trifecta in Virginia that could upend abortion access in the South
▼ + stars: | 2023-10-29 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

Virginia is a critical Southern battleground in the fight over abortion policy ahead of 2024. Winsome Sears and now-Attorney General Jason Miyares in a GOP sweep that put Democrats on notice that Virginia still had a purplish tinge. The Virginia State Capitol in Richmond. Zach Gibson/Getty ImagesA GOP trifecta would be a stunning development for Virginia, which only two years ago had a government controlled by Democrats, with then-Gov. This year, Democrats in the state Senate were able to block his proposal, making the chamber a bulwark against his plans.

Persons: Glenn Youngkin, —, Roe, Wade, Youngkin, Winsome Sears, Jason Miyares, Barack Obama, it's, Zach Gibson, Ralph Northam Organizations: Republican Gov, Service, Gov, GOP, Democratic, Hampton Roads, Republicans, Schar, Virginia State Capitol, Democrats, Commonwealth, Southern Locations: Virginia, Commonwealth, Northern Virginia, Hampton, Richmond's, —, Washington, Richmond, Southern, Florida, South Carolina

RIYADH, Saudi Arabia (AP) — Former UFC champion Francis Ngannou shockingly went the distance in his boxing debut early Sunday morning, even knocking down reigning WBC heavyweight champion Tyson Fury at one point, but Fury remained undefeated after winning a split decision. Two judges gave Fury the fight by scores of 96-93 and 95-94, and the other judge favored Ngannou 95-94. Good thing for Fury, because Ngannou showed early in the scheduled 10-round fight that he wasn't going anywhere. Ngannou staggered Fury early in the fourth, but Fury stayed on his feet and the rest of the round was fairly even after that. Former heavyweight champion Mike Tyson, who also made the trip to Saudi Arabia, helped Ngannou get ready for his boxing debut.

Persons: —, Francis Ngannou, Tyson Fury, Fury, Ngannou, Ngannou's, FanDuel, “ Francis, Francis, ”, Kanye West, Eminem, Cristiano Ronaldo, Conor McGregor, Sugar Ray Leonard, Manny Pacquiao, Brit, Lil Baby, Becky G, Mike Tyson, Ngannou hasn't, Ciryl Gane, Dana White, Oleksandr Usyk, Fabio Wardley, David Adeleye, John Latham, Adeleye, Latham, ___ Organizations: UFC, WBC, Ngannou's UFC, WWE, Netflix, Professional Fighters League, PFL, British, Commonwealth Boxing, WBO Locations: RIYADH, Saudi Arabia, Ngannou, Riyadh, Cameroon, Las Vegas, Ukrainian

☆ Brazil finds Pan Am gold at the beach and in the ring
▼ + stars: | 2023-10-28 | by ( Steve Keating | ) www.reuters.com time to read: +4 min

The silver was Canada's first medal in women's beach volleyball at a Pan Am Games. A silver medal came with a bonus prize with every fighter in the finals having secured a quota spot for the Paris Olympics. In the women's 75-kilogram Canada's Tammara Thibeault added Pan Am gold to her world and Commonwealth Games titles with a unanimous 5-0 decision over Panama's Atheyna Bylon. "Out of all the tournaments I've been to, I've been able to capture gold and I was missing Pan Ams," said Thibeault. That contribution helped power Mexico into second place on the medal table with 35 gold and 80 total medals.

Persons: Brazil's Ana Patricia Ramos, Eduarda, Silver, Canada's Melissa Humana, Patricia Ramos, Duda Lisboa, Andre Stein, George Souto, Beatriz Ferreira, Ramos, Melissa Humana, Brandie Wilkerson, Canada's, Andre Loyola, Cuba's Jorge Alayo, Noslen Diaz, Marco, Esteban Grimalt, Logan Webber, Hagen Smith, Ferreira, Angie Paola Valdes Pana, Caroline Barbosa, Jucielen, Barbara Maria Dos Santos, Julio Cesar La Cruz, Arlen Lopez Cardona, Joshua Edwards, Jahmal Harvey, Thibeault, Bylon, Wyatt Sanford, I've, Emiliano Hernandez, Duilio Carrillo, Steve Keating, Shri Navaratnam Organizations: Eduarda Santos Lisboa, Pan American, United, Lisboa, Pan Am, Paris, Boxing, Cuba, Olympic, Commonwealth Games, Canada, Pan Ams, Thomson Locations: playa, Santiago, Chile, Brandie, SANTIAGO, United States, Brazil, Chilean, Canadian, Lima, Canada, Mexico

☆ King Charles III will confront Britain’s colonial past when he visits Kenya
▼ + stars: | 2023-10-27 | by ( Max Foster | Lauren Said-Moorhouse | ) edition.cnn.com time to read: +5 min

Editor’s Note: This is a version of CNN’s Royal News, a weekly dispatch bringing you the inside track on Britain’s royal family. CNN —When King Charles III visits Kenya next week, he’ll do something no other member of his family has done in the country. Next week’s royal visit will largely focus on the strong connection between the two countries. Kenya holds a special place for the British royal family. Unfortunately, King Charles’ jam-packed schedule during the trip will not permit him to visit the poignant location.

Persons: King Charles III, Charles, Queen Camilla, It’s, Chris Fitzgerald, Kenya’s, Nandi, Jomo Kenyatta, William Hague, “, ” Hague, William Ruto, Princess Elizabeth, King Charles ’ Organizations: CNN’s Royal, CNN, Kenya, British, Kenyan Human Rights, Kenyan, Nation, Keystone, Hulton Royals, British Government, Government, State, Commonwealth Locations: United Kingdom, Kenya, Buckingham, Britain, Nazi Germany, Gatundi, Nairobi, Commonwealth, British, Rwanda, Treetops

☆ Dollar firms, yen weakens to intervention-wary level
▼ + stars: | 2023-10-26 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. The Japanese yen touched a fresh one-year low of 150.32 per dollar overnight and was last at 150.26. Japanese finance minister Shunichi Suzuki warned investors against selling the yen again on Thursday, saying authorities were closely watching moves. The New Zealand dollar also touched an 11-month low of $0.5780 and was last down 0.22% at $0.5788. Soft European economic data and negative interest rate differentials between Europe and the US will likely keep a lid on euro/dollar."

Persons: Florence Lo, Shunichi Suzuki, Suzuki, Carol Kong, Rodrigo Catril, CBA's, Sterling, bitcoin, Ankur Banerjee, Edwina Gibbs Organizations: U.S, REUTERS, Rights, Commonwealth Bank of Australia, Bank of Japan, Reuters, Australian, New Zealand, Benchmark, National Australia Bank, Canadian, Bank of Canada, European Central Bank, ECB, Thomson Locations: Rights SINGAPORE, Europe, Singapore

☆ Employees ‘didn’t work as hard’ when remote during Covid, billionaire CEO says
▼ + stars: | 2023-10-26 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —Private-equity billionaire Stephen Schwarzman doesn’t think office workers worked hard enough during Covid-19. “It was actually more profitable for them to stay home because one, they didn’t work as hard, regardless of what they told you. For example, about 58% of Manhattan office workers were at their workplace on an average weekday in late August and September, according to a survey from the Partnership for New York City. Just 12% of Manhattan office workers are in the office full time, according to that survey. Schwarzman, the Blackstone CEO, estimated that 20% of US office buildings are vacant and another 20% are leased but empty.

Persons: Stephen Schwarzman doesn’t, they, Slack, Blackstone, ” Schwarzman, Jamie Dimon, ” DImon, ” Dimon, “ Organizations: New, New York CNN —, Blackstone, “ Davos, Commonwealth Fund, Future Investment, JPMorgan, Partnership Locations: New York, Saudi Arabia, Manhattan, New York City

☆ In the ultimate irony, Russia's obsession with Ukraine may have weakened its power over its other neighbors
▼ + stars: | 2023-10-26 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

Russian President Vladimir Putin speaks during a press conference at the Commonwealth of Independent States' head of states meeting on Oct. 13, 2023, in Bishkek, Kyrgyzstan. This pool photograph distributed by Russian state owned agency Sputnik shows Russia's President Vladimir Putin and his Kyrgyz counterpart Sadyr Japarov attending a welcoming ceremony prior to their talks in Bishkek on October 12, 2023. In fact, she said, Kyiv's resistance highlighted to Russia's neighbors and partners that "Russian power is a bubble with only a nuclear button in its center." Russian President Vladimir Putin enters the hall during Russian-Uzbek talks at the Grand Kremlin Palace on Oct. 6, 2023. So it's fair to say that if you do not control Ukraine, you do not control the post-Soviet space," he told CNBC.

Persons: Vladimir Putin, —, Georgia —, It's, Emmanuel Dunand, Sadyr Japarov, Sergei Karpukhin, Vladimir Putin's, Dmitry Peskov, Peskov, Vira Konstantinova, Vladimir Milov, Putin, Milov, Milov —, — Putin, Igor Semivolos, Ilham Aliyev Organizations: Commonwealth of Independent States, Getty, Afp, Azerbaijan, Sputnik, Kyrgyz, AFP, CNBC, Russian, West, Center for Middle East Studies, Anadolu Agency Locations: Bishkek, Kyrgyzstan, Ukraine, Moscow, Soviet Union, South Caucasus, Armenia, Azerbaijan, Georgia, Belarus, Kazakhstan, Russia, Karabakh, Lachin, Nagorno, Kyiv, Transnistria, Moldova, Abkhazia, South Ossetia, USA, Turkey, Baku

☆ Australia's surprisingly strong Q3 inflation raises odds of Nov rate hike
▼ + stars: | 2023-10-25 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

Markets are wagering both the U.S. Federal Reserve and the European Central Bank are done with hiking. HAWKISH MESSAGINGThe recent messaging from the central bank has been on the hawkish side. The biggest contributors to the third quarter inflation were fuel, rents, and electricity. Fuel prices rose 7.2% from a year ago, reversing two quarters of price falls, with the conflict in the Middle East potentially set to further stoke inflationary pressures. The central bank forecast in August that inflation was only projected to return to the top of the bank's target band of 2-3% in late 2025.

Persons: David Gray, Worryingly, Adam Boyton, Gareth Aird, Michele Bullock, Woolworths WOW.AX, Taylor Nugent, Stella Qiu, Wayne Cole, Shri Navaratnam Organizations: REUTERS, Rights, Reserve Bank of Australia, Australian Bureau, Statistics, Wednesday, Commonwealth Bank of Australia, ANZ, Economics, CBA, U.S . Federal Reserve, European Central Bank, Woolworths, National Australia Bank, NAB, Thomson Locations: Sydney, Australia

LONDON (AP) — Two of London's Metropolitan Police officers were dismissed from the force on Wednesday after a disciplinary panel concluded that they committed gross misconduct over the stop and search of two Black athletes. Bianca Williams and Ricardo Dos Santos, both professional sprinters, complained to the police watchdog that they were racially profiled by a group of police officers on July 4, 2020. The couple were driving home in London with their 3-month-old infant son in the back seat when police followed their car and pulled them over outside their home. The disciplinary panel heard the officers said they followed the athletes’ vehicle because of Dos Santos’ “appalling” and “suspicious” driving, and that they were doing their duty when they conducted the stop and search. But the panel concluded that two of the officers, Jonathan Clapham and Sam Franks, lied about smelling cannibis during the incident.

Persons: Bianca Williams, Ricardo Dos Santos, Dos Santos, Jonathan Clapham, Sam Franks, Chiew Yin Jones, Williams, ” Dos Santos, “ We’ve, “ Organizations: London's Metropolitan Police, Games, Metropolitan Police, Police, Met Locations: London

☆ Commonwealth Bank of Australia raises $794 mln worth of debt
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO:A woman walks past a Commonwealth Bank of Australia logo and ATM in Sydney, Australia, February 7, 2018. REUTERS/Daniel Munoz/File Photo Acquire Licensing RightsOct 25 (Reuters) - Commonwealth Bank of Australia (CBA.AX) on Wednesday announced the issuance of A$1.25 billion ($794.38 million) worth of subordinated notes. The issue of subordinated securities will not have a material impact on its financial position, the country's largest lender said. The bank is issuing A$550 million worth of subordinated fixed to floating rate securities and A$700 million worth of subordinated floating rate securities, both due in a decade. "The subordinated securities potentially exchange into fully paid ordinary shares of CBA if a non-viability trigger event occurs," the bank said.

Persons: Daniel Munoz, Sameer Manekar, Shailesh Kuber Organizations: Commonwealth Bank of Australia, REUTERS, Wednesday, CBA, Thomson Locations: Sydney, Australia, Bengaluru

☆ Dollar rebuffed from 150 level vs yen after Powell/Treasuries double-whammy
▼ + stars: | 2023-10-20 | by ( Amanda Cooper | ) www.reuters.com time to read: +5 min

[1/2] Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. Yet this has not translated into a similar boost to the dollar this week, which made only marginal gains while toying with the 150 level against the yen. This number marks the point at which many market participants believe Japan's Ministry of Finance (MOF) could step in to shore up the currency. Speculators have almost doubled their bullish dollar positions against other G10 currencies this month to the most in a year. Money markets show traders fully expect to see no change in rates at the Fed's next policy meeting.

Persons: Florence Lo, Jerome Powell, Jeremy Stretch, Stretch, Omori, POWELL, Powell, Ray Attrill, he's, Sterling, Carol Kong, Rae Wee, Kevin Buckland, Kim Coghill, Angus MacSwan, Gareth Jones Organizations: U.S, REUTERS, Federal, Treasury, Swiss, Japan's, of Finance, CIBC Capital Markets, Ministry, Finance, Mizuho Securities, National Australia Bank, Swiss National Bank, Commonwealth Bank of Australia, Thomson Locations: Treasuries, Japan, Tokyo, U.S, Asia, China, Singapore

☆ Dollar toys with 150 level vs yen after Powell/Treasuries double-whammy
▼ + stars: | 2023-10-20 | by ( Amanda Cooper | ) www.reuters.com time to read: +4 min

[1/2] Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. Speculators have almost doubled their bullish dollar positions against other G10 currencies this month to the most in a year. This week's bond sell-off has raised the chances of a break of 150 in the currency. Money markets show traders fully expect to see no change in rates at the Fed's next policy meeting. The Swissie was last down against the dollar, which rose 0.2% to 0.8935 per dollar.

Persons: Florence Lo, Jerome Powell, Jeremy Stretch, Stretch, Omori, POWELL, Powell, Ray Attrill, he's, Sterling, Carol Kong, Rae Wee, Kevin Buckland, Shri Navaratnam, Kim Coghill, Angus MacSwan Organizations: U.S, REUTERS, Federal, Treasury, Swiss, Japan's, of Finance, CIBC Capital Markets, Ministry, Finance, Mizuho Securities, National Australia Bank, Commonwealth Bank of Australia, Thomson Locations: Treasuries, Japan, Tokyo, U.S, Asia, China, Singapore

☆ Russia makes up 40% of Indian oil imports, dents OPEC's share
▼ + stars: | 2023-10-20 | by ( Nidhi Verma | ) www.reuters.com time to read: +2 min

Russia was the top oil supplier to India in April to September, followed by Iraq and Saudi Arabia. India's imports from Iraq and Saudi Arabia fell by 12% and about 23% to 928,000 bpd and 607,500 bpd, respectively, during the April-September period, the data showed. Imports from the Middle East in April-September declined by about 28% to 1.97 million bpd, dragging down the region's share in India's overall oil imports to 44% from 60% during the same year-ago period. India's oil imports from various regionsLower purchases from the Middle East dragged down the share of OPEC in India's overall imports to the lowest in 22 years. India's oil imports Opec's share of India's oil imports drop to record lowReporting by Nidhi Verma; editing by Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: Nidhi Verma, Miral Organizations: Saudi, Imports, Commonwealth of Independent States, CIS, Organization of, Petroleum, Thomson Locations: DELHI, India, Moscow, Ukraine, Middle, Russia, Iraq, Saudi Arabia, Azerbaijan, Kazakhstan, East, Africa

☆ Dollar broadly up, threatens 150 yen as benchmark Treasury yield climbs
▼ + stars: | 2023-10-20 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

The benchmark 10-year yield , which was last at 4.9813%, has climbed some 35 basis points this week, driven by rising expectations that the Federal Reserve is likely to keep interest rates higher for longer and mounting U.S. fiscal concerns. "The move up has been driven by the Fed leaving the market as a price insensitive buyer. The dollar/yen pair tends to closely track changes in long-term Treasury yields, particularly in the 10-year maturity. In the broader currency market, the U.S. dollar edged higher, supported by elevated Treasury yields. The New Zealand dollar edged 0.35% lower to $0.5829, after having slid to an over 11-month low of $0.5816 on Thursday.

Persons: Dado Ruvic, Brian Jacobsen, Sterling, Jerome Powell, Ray Attrill, he's, Carol Kong, Rae Wee, Shri Navaratnam Organizations: REUTERS, Rights, Treasury, Federal Reserve, Fed, Annex Wealth Management, U.S, National Australia Bank, New Zealand, Commonwealth Bank of Australia, Thomson Locations: Rights SINGAPORE, U.S, Asia, China, lockstep

☆ Dollar holds near 150 yen ahead of Fed Chair remarks
▼ + stars: | 2023-10-19 | by ( ) www.cnbc.com time to read: +3 min

A Japanese 10,000 yen and a U.S. 100 dollar banknote juxtaposed against each other in Tokyo, Japan, on Monday, June 20, 2016. The dollar held the yen near a two-week low, as growing expectations the U.S. Federal Reserve will keep rates higher for longer had the greenback and U.S. Treasury yields on the rise overnight and markets awaited a speech by Fed Chair Powell. The dollar index , which measures the dollar against a basket of currencies, held steady near Wednesday's high of 106.63 in the Asian morning. "I think it highly likely the Fed Chair will reinforce the more cautious commentary heard from Fed speakers over the past week and half," said Sycamore. The Japanese yen strengthened slightly to 149.77 per dollar, off Wednesday's two-week low of 149.94 but still near the 150-level that markets perceive as a potential trigger for currency intervention by Japanese authorities.

Persons: Powell, Christopher Waller, John Williams, Waller, Tony Sycamore, Jerome Powell, Carol Kong, Sterling Organizations: . Federal Reserve, greenback, U.S, Treasury, Fed, Market, Tony Sycamore . Federal Reserve, Commonwealth Bank of Australia, Bank of Japan Locations: U.S, Tokyo, Japan

Alsu Kurmasheva, an editor with Radio Free Europe/Radio Liberty's (RFE/RL) Tatar-Bashkir Service, poses in this undated handout photo. Alsu Kurmasheva, an editor with Radio Free Europe/Radio Liberty’s Tatar-Bashkir Service who holds both U.S. and Russian passports, travelled to Russia on May 20 for a family emergency. Radio Free Europe/Radio Liberty, which has headquarters in Prague and Washington, says its mission is to "promote democratic values by providing accurate, uncensored news and open debate in countries where a free press is threatened and disinformation is pervasive". During the Cold War, RFE/RL transmitted news to audiences behind the Iron Curtain. "Journalism is not a crime and Kurmasheva’s detention is yet more proof that Russia is determined to stifle independent reporting."

Persons: Alsu Kurmasheva, Russia detains, Evan Gershkovich, Alsu, Kurmasheva, Jeffrey Gedmin, Gulnoza Said, Guy Faulconbridge, Lincoln, Gareth Jones Organizations: Radio Free, Liberty's, RFE, Graphics, REUTERS Acquire, Russia, Russia detains RFE, Free, Radio Liberty, Wall Street, The State Department, Bashkir Service, Soviet Union, West . Radio Free, U.S, Congress, U.S . Agency for Global Media, U.S . Central Intelligence Agency, Protect Journalists, Central Asia, Thomson Locations: Radio Free Europe, Bashkir, Russian, MOSCOW, Russia, Free Europe, Ukraine, U.S, Prague, RUSSIA, Soviet, West . Radio Free Europe, Washington, Europe, Central

☆ Oil spikes as Middle East strife heightens supply concerns
▼ + stars: | 2023-10-18 | by ( Natalie Grover | ) www.reuters.com time to read: +4 min

Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Cushing, Oklahoma, March 24, 2016. Brent crude futures were up $1.33, or about 1.5%, to $91.23 a barrel at 1231 GMT. West Texas Intermediate crude (WTI) futures were up $1.28, or roughly 1.5%, at $87.94 a barrel. "This turn of diplomatic fortunes again garners fear of conflict spread and therefore the leap in oil," said John Evans of oil broker PVM. Elsewhere in the Saudi city of Jeddah, Iranian Foreign Minister Hossein Amirabdollahian urged members of the Organisation of Islamic Cooperation to impose an oil embargo on Israel.

Persons: Nick Oxford, Brent, Jordan, Biden, Joe Biden, John Evans, Hossein Amirabdollahian, Vivek Dhar, Harry Murphy Cruise, Natalie Grover, Arathy, Muyu Xu, Lincoln, Jason Neely, Elaine Hardcastle, Louise Heavens Organizations: REUTERS, Brent, West Texas, U.S, Hamas, Iranian, of Islamic Cooperation, Reuters, Israel Hamas, Commonwealth Bank of Australia, American Petroleum Institute, Golden, Thomson Locations: Cushing , Oklahoma, Iran, Israel, OPEC, U.S, Gaza, Gaza City, Saudi, Jeddah

Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Cushing, Oklahoma, March 24, 2016. In earlier trade, both benchmarks gained more than $2 to touch their highest levels in two weeks. Jordan then cancelled a summit it was to host with U.S. President Joe Biden and Egyptian and Palestinian leaders. "A long occupation looms as the scenario that pushes Brent oil futures above $US100/bbl because it raises the risk that the Israel Hamas conflict expands and potentially draws in Iran directly," Dhar said. Also supporting oil prices, U.S. crude stocks fell by about 4.4 million barrels in the week ended Oct. 13, according to market sources citing American Petroleum Institute figures on Tuesday.

Persons: Nick Oxford, Jordan, Joe Biden, Biden, Vivek Dhar, Dhar, Harry Murphy Cruise, Arathy Somesekhar, Muyu Xu, Sonali Paul, Lincoln Organizations: REUTERS, Brent, West Texas, U.S, Israel Hamas, Commonwealth Bank of Australia, Israel, Hamas, American Petroleum Institute, Golden, Federal Reserve, Thomson Locations: Cushing , Oklahoma, Gaza, Gaza City, Israel, Iran, China

Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Cushing, Oklahoma, March 24, 2016. Jordan then cancelled a summit it was to host with U.S. President Joe Biden and Egyptian and Palestinian leaders. "A long occupation looms as the scenario that pushes Brent oil futures above $US100/bbl because it raises the risk that the Israel Hamas conflict expands and potentially draws in Iran directly," Dhar said. Also supporting oil prices, U.S. crude stocks fell by about 4.4 million barrels in the week ended Oct. 13, according to market sources citing American Petroleum Institute figures on Tuesday. Interest rate hikes to curb inflation can slow economic growth and reduce oil demand.

Persons: Nick Oxford, Jordan, Joe Biden, Biden, Vivek Dhar, Dhar, Harry Murphy Cruise, Arathy Somesekhar, Muyu Xu, Sonali Paul Organizations: REUTERS, Brent, West Texas, U.S, Israel Hamas, Commonwealth Bank of Australia, Israel, Hamas, American Petroleum Institute, Golden, Federal Reserve, Thomson Locations: Cushing , Oklahoma, Gaza, Gaza City, Israel, Iran, China

Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Cushing, Oklahoma, March 24, 2016. Jordan then cancelled a summit it was to host with U.S. President Joe Biden and Egyptian and Palestinian leaders. Also supporting oil prices, U.S. crude stocks fell by about 4.4 million barrels in the week ended Oct. 13, according to market sources citing American Petroleum Institute figures on Tuesday. Interest rate hikes to curb inflation can slow economic growth and reduce oil demand. The U.S. has imposed sanctions on oil exports from Venezuela since 2019 and while sanctions relief is expected to boost oil supply oil flow, analysts expect any increases from the country to take time due to a lack of investment.

Persons: Nick Oxford, Jordan, Joe Biden, Biden, Vivek Dhar, Dhar, Arathy Somesekhar, Muyu Xu, Sonali Paul Organizations: REUTERS, Brent, West Texas, U.S, Israel Hamas, Commonwealth Bank of Australia, Israel, Palestinian, Jihad, Hamas, American Petroleum Institute, Federal Reserve, Thomson Locations: Cushing , Oklahoma, Gaza, Gaza City, Israel, Iran, U.S, Venezuela

RICHMOND, Va. (AP) — Former Virginia House Speaker Eileen Filler-Corn has decided against a bid for governor in 2025 and will instead run next year to represent the competitive northern Virginia congressional seat being vacated by a fellow Democrat, U.S. Rep. Jennifer Wexton. “This is an unfair, devastating reality that she now has to navigate,” Filler-Corn said, adding that she had discussed her plans with Wexton. The open seat dynamic in the Loudoun County-centered 10th District — Filler-Corn said she lives just outside it — could set up a competitive race with implications for party control of the U.S. House. Filler-Corn is a strong fundraiser who led the Democratic House caucus during the national scandal and party strife that exploded after the 2019 discovery of a racist photo in former Gov. Neither has publicly committed to a run and both have also said they are focused on this year's legislative races.

Persons: Eileen, Jennifer Wexton, “, Abigail Spanberger, Richmond Mayor Levar Stoney, Wexton, Barbara Comstock, Ralph Northam’s, —, That's, Glenn Youngkin's, Spanberger, she’s, Wahoo, Connor Joseph, she's, Stoney, Kevin Zeithaml, Jason Miyares, Winsome Earle, Sen, Amanda Chase, Chase Organizations: —, Virginia, U.S . Rep, Virginia General Assembly, Associated Press, Richmond Mayor, Democratic, U.S . House, Republican Rep, Gov, Commonwealth, Republican Gov, University of Virginia, Democratic Party, AP, District, Republicans, Sears, U.S . Senate Locations: RICHMOND, Va, Virginia, Richmond, Washington, Loudoun County, Fairfax County, Congress, “, Spanberger

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