DIRS.INFO The most relevant business & tech news

The White House on Friday lashed out at Elon Musk for promoting "Antisemitic and racist hate" after the Tesla CEO and X Corp. owner said he agreed with a social media post accusing "Jewish communities" of pushing "hatred against whites." Musk, responding on X, wrote that that post "said the actual truth." Bates appeared to be referring to the mass murder at the Tree of Life Synagogue in Pittsburgh in 2018, in which 11 people were shot to death by a gunman who expressed a belief in the antisemitic "white genocide" conspiracy theory. "We condemn this abhorrent promotion of Antisemitic and racist hate in the strongest terms, which runs against our core values as Americans," Bates said. Spokespeople for Tesla and X did not immediately respond to CNBC's requests for comment on the White House's statement.

Persons: Elon Musk, Rishi Sunak, Andrew Bates, Bates, " Bates, Musk, Jonathan Greenblatt Organizations: Tesla Inc, Elon, X Corp, Synagogue, Defamation League Locations: London, Pittsburgh, Israel, America

☆ The Fed is probably done hiking rates. Cuts are still far off
▼ + stars: | 2023-11-16 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

New York CNN —The Federal Reserve likely won’t raise interest rates again during its current tightening cycle, thanks to a cooldown in inflation. Interest rates are at a 22-year high after the Fed last March began its punishing pace of hikes in a bid to tame wayward inflation. Traders are now virtually certain that the Fed will hold rates steady at its December policy meeting and won’t hike again this cycle, according to the CME FedWatch Tool. Of course, one month’s data doth not a trend make. Traders are anticipating rate cuts won’t start before next March, and see May as more likely, according to the CME FedWatch Tool.

Persons: ”, Jeffrey Roach, Price, Sharp, Jerome Powell, Yung, Yu Ma, Joseph Brusuelas, Sephora, Parija Kavilanz, Read, Rishi Sunak, Hanna Ziady, “, ” Sunak, ” Read Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Fed, Dow Jones, Nasdaq, “, LPL, Bureau of Labor Statistics, CPI, Research, BMO Wealth Management, Traders, Investors, RSM US, CNN, National Statistics Locations: New York

☆ Opinion | In Britain, Reality Is Cleaving in Two
▼ + stars: | 2023-11-16 | by ( Moya Lothian-Mclean | ) www.nytimes.com time to read: +2 min

In Britain, Armistice Day is usually an understated affair, marked only by two minutes of silence at 11 a.m. The other, comprising a few hundred people from Britain’s far right and football hooligan networks, gathered several miles away in Westminster. Her departure was quickly overshadowed by the shock return to frontline politics of the former prime minister David Cameron, the architect of austerity and Brexit. For all her extremist posturing, Ms. Braverman is part of an establishment consensus that firmly backs Israel’s war in Gaza. In Britain, as its politicians and public move away from each other, reality is cleaving in two.

Persons: Suella Braverman, Rishi Sunak —, Sunak, David Cameron, Braverman Organizations: Metropolitan Police Locations: Britain, London, Gaza, snaked, Britain’s, Westminster

☆ Britain’s Top Court Nixes Plan to Send Migrants to Africa
▼ + stars: | 2023-11-15 | by ( Max Colchester | David Luhnow | ) www.wsj.com time to read: 1 min

The U.K. plan is part of a broader effort by Western countries to cope with a rise in migrants arriving at their borders. Photo: henry nicholls/Agence France-Presse/Getty ImagesLONDON—A U.K. plan to send some migrants who arrive illegally to live in Rwanda suffered a major setback after a top court said the central African country wasn’t a safe place to house asylum seekers. The ruling scuttles Prime Minister Rishi Sunak ’s marquee policy to curb migration and offers a warning shot to other European nations considering similar plans.

Persons: henry nicholls, Rishi Sunak Organizations: Agence France, scuttles Locations: U.K, Rwanda

Keir Starmer, leader of Britain's Labour Party, speaks during the Prime Minister's Questions, at the House of Commons in London, Britain November 15, 2023. But the backing of so many Labour lawmakers showed the levels of disquiet in the party over the Middle East conflict. Eight members of Starmer's 'shadow' ministerial team left their roles in order to defy the party position. But I wanted to be clear about where I stood, and where I will stand," Starmer said after the vote. A large protest by the Palestine Solidarity Campaign outside parliament demanding lawmakers back a ceasefire took place while the vote was going on.

Persons: Keir Starmer, Maria Unger, Handout, Rishi Sunak, Jess Phillips, Starmer, Elizabeth Piper, Kylie MacLellan, Deepa Babington Organizations: Britain's Labour Party, REUTERS Acquire, Labour, Scottish National Party, European Union, Palestine Solidarity Campaign, Thomson Locations: London, Britain, Israel, United States, Gaza, Britain's, Palestine

☆ Rwanda deportation plan: UK Supreme Court blocks asylum seekers plan
▼ + stars: | 2023-11-15 | by ( Rob Picheta | ) edition.cnn.com time to read: +8 min

The UK’s highest court ruled unanimously against the government, siding instead with a previous appeals court ruling that found the policy – which has been roundly condemned by humanitarian bodies – was not lawful. Protesters waited outside the Supreme Court ahead of Wednesday's ruling. The Rwanda plan was unveiled in response to a soaring number of perilous small boat crossings made by asylum seekers across the English Channel. Under the policy, some asylum seekers would be sent to Rwanda for their asylum claims to be processed. The court found that concerns about the Rwandan asylum processing system, and its human rights record, were serious enough to rule the policy illegal.

Persons: London CNN —, Rishi Sunak’s, –, Leon Neal, ”, Sunak, “, ” Sunak, Britain’s, Priti Patel, Suella Braverman, Braverman, Natalie Elphicke, Yvette Cooper, Rishi, ” Cooper Organizations: London CNN, Conservative, Conservative Party, Human Rights, Protesters, Getty, Channel, Home, BBC, European, of Human Rights, Dover, “ Locations: Rwanda, London, France, British, England, Europe, Britain

LONDON (AP) — Inflation in the U.K. dropped sharply in October to its lowest level in two years largely because last year’s steep rise in domestic energy bills dropped out of the annual comparison, official figures showed Wednesday. The decline means Prime Minister Rishi Sunak's pledge to halve inflation this year has been met. Sunak made the pledge soon after becoming prime minister when inflation was more than 10%. Political Cartoons View All 1247 ImagesEarlier this month, the bank kept its main interest rate unchanged at the 15-year high of 5.25% and indicated that borrowing costs will likely remain at these sort of elevated levels for a while. Higher interest rates — which cool the economy by making it more expensive to borrow, thereby bearing down on spending — have contributed to bringing down inflation worldwide.

Persons: Rishi Sunak's, Sunak, “, ” Organizations: National Statistics, Bank of England Locations: Ukraine

☆ Sterling eases after cooler British inflation data
▼ + stars: | 2023-11-15 | by ( Amanda Cooper | ) www.reuters.com time to read: +3 min

British Pound and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Nov 15 (Reuters) - Sterling eased on Wednesday after data showed British inflation cooled more than forecast in October, reinforcing expectations that the Bank of England (BoE) will be cutting interest rates by the middle of next year. Sterling was last down 0.2% on the day at $1.2471 by 0724 GMT, compared with $1.2487 shortly before the data. The figures reinforced the view that the U.S. Federal Reserve has probably also finished raising interest rates. Money markets show traders believe there is a good chance the BoE could start cutting rates by May next year.

Persons: Dado Ruvic, Sterling, BoE, Richard Garland, Rishi Sunak, we’ve, Huw Pill, Amanda Cooper, Alun John, Robert Birsel Organizations: Pound, U.S, REUTERS, Bank of England, Office, National Statistics, Omnis Investments, government's Treasury, U.S . Federal Reserve, Thomson Locations: September's, Britain

☆ Top court upholds ruling that UK's Rwanda migrant plan is unlawful
▼ + stars: | 2023-11-15 | by ( ) www.cnbc.com time to read: +1 min

Britain's Prime Minister Rishi Sunak speaks during the London Defense Conference, at King's College, in central London, on May 23, 2023. Britain's Supreme Court ruled on Wednesday that the government's scheme to send asylum seekers to Rwanda was unlawful, dealing a crushing blow to Prime Minister Rishi Sunak before an election expected next year. But the top court on Wednesday unanimously rejected the government's appeal against an earlier ruling that migrants could not be sent to Rwanda because it could not be considered a safe third country. The Rwanda scheme was the central plank of Sunak's immigration policy as he prepares to face an election next year, amid concern among some voters about the numbers of asylum seekers arriving in small boats. Sunak said the government had been planning for all eventualities and would do whatever it took to stop illegal migration.

Persons: Rishi Sunak, Robert Reed, Sunak Organizations: Britain's, London Defense Conference, King's College Locations: London, Rwanda, Britain, East, Europe

☆ Top U.K. Court to Rule on Deporting Asylum Seekers to Rwanda
▼ + stars: | 2023-11-15 | by ( Megan Specia | More About Megan Specia | ) www.nytimes.com time to read: +1 min

Britain’s Supreme Court will rule on Wednesday whether the government’s contentious policy to deport asylum seekers to Rwanda is lawful, in a pivotal moment for the ruling Conservative Party during an already turbulent week. The Rwanda policy was first announced in April 2022 by Prime Minister Boris Johnson, as he attempted to make good on a Brexit campaign promise to “take back control” of the country’s borders. The hard-line policy has since been pursued by Mr. Johnson’s successors, Liz Truss and Rishi Sunak, with each repeating his original untested argument that the threat of being deported to Rwanda would deter the tens of thousands of people who try to cross the English Channel in small boats each year. But it has been widely criticized by rights groups and opposition politicians from the start, with many pointing to Rwanda’s troubled record on human rights. And to date no one has been sent to the small East African nation, because of a series of legal challenges.

Persons: Boris Johnson, “, Johnson’s, Liz Truss, Rishi Sunak Organizations: Conservative Party Locations: Britain’s, Rwanda

☆ Explainer: What is the UK's Rwanda migrant deportation plan?
▼ + stars: | 2023-11-15 | by ( Michael Holden | ) www.reuters.com time to read: +5 min

However, the first deportation flight in June 2022 was blocked by a last-minute injunction from the European Court of Human Rights, barring any removals until the conclusion of legal action in Britain. Some in the government have strongly hinted Britain would consider leaving the European Convention on Human Rights if it thwarted the Rwanda scheme. Australia pioneered the concept of holding asylum seekers in offshore detention centres. Denmark has signed a similar agreement with Rwanda, but has yet to send any migrants there. The 27-nation EU is seeking to strike an agreement on how to share out the asylum seekers who arrived on its shores.

Persons: Peter Nicholls, Rishi Sunak's, Boris Johnson, Suella Braverman, Robert Reed, Sunak, Michael Holden, Alex Richardson Organizations: Court, REUTERS, Supreme, European Union, Successive Conservative, RWANDA PLAN, European, of Human, British, Convention, Britain, EU, Commons, Thomson Locations: Rwanda, London, Britain, Ukraine, Hong Kong, RWANDA, Europe, Turkey, Egypt, Australia, Denmark

LONDON, Nov 15 (Reuters) - British Prime Minister Rishi Sunak will learn on Wednesday whether his government can finally go ahead with its plan to deport asylum seekers to Rwanda when the UK Supreme Court gives its verdict on the scheme's lawfulness. Sunak is seeking to overturn a ruling in June that found the plan to send migrants who arrived in Britain without permission to the East African nation was unlawful as Rwanda was not a safe third country. Five judges from the Supreme Court will deliver their ruling at about 1000 GMT. This year more than 27,000 people have arrived on the southern English coast without permission, after a record 45,755 were detected in 2022. Asked if the government had an alternative plan, a spokesperson for Sunak said on Tuesday: "We have options for various scenarios as you would expect", but that leaving the ECHR was not discussed by cabinet.

Persons: Rishi Sunak, Sunak, Boris Johnson, King Charles, Suella Braverman, Michael Holden, Alex Richardson Organizations: British, Conservative Party, United Nations, European, Human Rights, Thomson Locations: Rwanda, Britain, East, Europe

☆ U.K. Inflation Slows to 4.6 Percent, Lowest in Two Years
▼ + stars: | 2023-11-15 | by ( Eshe Nelson | More About Eshe Nelson | ) www.nytimes.com time to read: +3 min

Food inflation, which had taken over from energy as the main driver of inflation in recent months, also slowed in October. For example, officials look at core inflation, a measure that excludes food and energy prices, because they can be volatile and heavily influenced by international financial markets. Policymakers also track wage growth, one of the stickier aspects of inflation. Price growth in the services sector, which is heavily influenced by companies’ wage costs, slowed to 6.6 percent. Controlling inflation is actually in the hands of Bank of England policymakers who are mandated to return inflation sustainably to 2 percent.

Persons: Rishi Sunak, Huw Pill, Pill Organizations: Bank of England Locations: Ukraine, Britain, Bristol, British

REUTERS/Peter Nicholls Acquire Licensing RightsLONDON, Nov 15 (Reuters) - Britain's Supreme Court ruled on Wednesday that the government's scheme to send asylum seekers to Rwanda was unlawful, dealing a crushing blow to Prime Minister Rishi Sunak before an election expected next year. But the top court on Wednesday unanimously ruled that migrants could not be sent to Rwanda because it could not be considered a safe third country. The Rwanda scheme was the central plank of Sunak's immigration policy as he prepares to face an election next year, amid concern among some voters about the numbers of asylum seekers arriving in small boats. Sunak said the government had planned for all eventualities and would do whatever it takes to stop illegal migration. After the ruling, a Rwandan government spokesperson said it took issue with the conclusion that Rwanda was not a safe third country.

Persons: Toufique Hossain, Peter Nicholls, Rishi Sunak, Sunak, Suella Braverman, Robert Reed, Steve Smith, Boris Johnson, Reed, Michael Holden, Alex Richardson, Kate Holton Organizations: REUTERS, European, Human, Conservative Party, United Nations, Thomson Locations: Rwanda, London, Britain, East, Europe, Sunak, Rwandan

☆ UK inflation has halved this year but economic growth remains elusive
▼ + stars: | 2023-11-15 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

London CNN —UK inflation plunged to its lowest level in two years in October, allowing Prime Minister Rishi Sunak to declare victory on his pledge to halve the rate of price increases this year. Services inflation fell but remained high, at 6.6%. “The UK economy is still very much facing stagflation and, in our view, the road ahead will likely continue to be bumpy,” said Julien Lafargue, chief market strategist at Barclays Private Bank. Stagflation refers to a toxic mix of high inflation and low, or no, economic growth. There is also evidence that higher interest rates are placing an increasing strain on the economy.

Persons: Rishi Sunak, “, ” Sunak, Gary Smith, GMB, ”, Andrew Bailey, Alex Veitch, Sunak’s, —, Julien Lafargue, ” Ewan Mackay, Jeremy Hunt, Veitch Organizations: London CNN —, National Statistics, Bank of England, Chambers of Commerce, “, Barclays Private Bank, NatWest, Accenture, P, British Chambers of Commerce Locations: United Kingdom, Ireland, British

Annual consumer price inflation plunged to a lower-than-expected 4.6% in October from 6.7% in September, official data showed on Wednesday. The Bank of England's forecasts and the consensus from a Reuters poll of economists had pointed to a reading of 4.8%. Sterling fell slightly against the dollar after publication of the data, which showed key inflation measures watched closely by the BoE also falling by more than expected. Investors added to their bets on BoE rate cuts next year with three 25-basis-point reductions in Bank Rate fully priced in by December 2024, and a first cut fully priced for June. Reporting by Andy Bruce and David Milliken, editing by William James and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Rishi Sunak, Sterling, BoE, Julien Lafargue, Sunak, Huw Pill, Hugh Gimber, Andy Bruce, David Milliken, William James, Bernadette Baum Organizations: Bank of England, of, ONS, Barclays Private Bank, Conservative Party, U.S ., Morgan Asset Management, Thomson Locations: Britain, Italy

☆ UK inflation falls by more than expected in October to 4.6%, lowest in two years
▼ + stars: | 2023-11-15 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Food and non-alcoholic beverages also contributed to the easing of inflation, with the annual rate falling to its lowest since June 2022. The largest downward contribution came from housing and household services, the Office for National Statistics revealed, where the annual rate for CPI hit the lowest since records began in January 1950. Core CPI — which excludes volatile food, energy, alcohol and tobacco prices — fell to an annual 5.7% in October from 6.1% in September. LONDON — U.K. inflation fell sharply in October to 4.6% from 6.7% the previous month, hitting a two-year low. The drop was welcome news for Downing Street after Prime Minister Rishi Sunak committed to halving U.K. inflation back in January, when the annual CPI rate was running above 10%.

Persons: Rishi Sunak, Lindsay James Organizations: National Statistics, CPI, Reuters, LONDON, Bank of England, Downing, Bank of England's, Quilter Investors, Monetary

Sunak said he was working on a new treaty with Rwanda that would address the points made by the court, would pass an emergency law to designate Rwanda a safe country, and was "prepared to do what is necessary" to stop any foreign court blocking deportation flights. 10 Downing Street ahead of Prime Minister's Questions at the Houses of Parliament in London, Britain, November 15, 2023. The Bar Council, which represents barristers, said it had "grave concern" about the prospect of parliament passing legislation intended to deem Rwanda a safe country and therefore upend the Supreme Court's finding. That meant Sunak needed to go further and faster, right-wing critics in his party said. However, another Conservative politician in the moderate wing of the faction-ridden party was pessimistic about the plan's future.

Persons: Rishi Sunak, Sunak, Neil O'Brien, James, Gavin Phillipson, Alan Greene, Peter Nicholls, Nick Vineall, Phillipson, Sam Tobin, Sachin Ravikumar, Alex Richardson Organizations: LONDON, British, Sunak's Conservative Party, University of Bristol, Constitutional, Rights, Birmingham Law School, Britain's, REUTERS, of Human Rights, Bar Council, Conservative Party, Labour Party, New Conservatives, Conservative, Thomson Locations: Rwanda, Britain, London, Downing

LONDON, Nov 14 (Reuters) - Britain's Supreme Court will deliver its ruling on Wednesday on whether the government can go ahead with its plan to deport asylum seekers to Rwanda, a decision which could have far-reaching ramifications for Prime Minister Rishi Sunak. Sunak hopes the Rwanda scheme will help stop the flow of migrants across the Channel from Europe in small boats, and so deliver one of his key policy pledges and energise his ailing premiership ahead of an election expected next year. PRESSING NEEDDuring three days of hearings, the judges heard from government lawyers who said there was a "serious and pressing need" for the Rwanda scheme. Rwanda has said it would offer migrants sent from Britain the opportunity to build a new, safe life. They also said asylum seekers faced inhuman or degrading treatment within Rwanda, and their argument has support from the United Nations' refugee agency.

Persons: Rishi Sunak, Sunak, Suella Braverman, Boris Johnson, Robert Reed, James, Michael Holden, Alex Richardson Organizations: Conservative Party, European Convention of Human Rights, East, United Nations, of Human Rights, Thomson Locations: Rwanda, East Africa, Europe, Britain, Syria, Iraq, Iran, Vietnam, Sudan

Prime Minister Rishi Sunak’s dramatic shake-up of his cabinet on Monday was a bold gamble that tacking to the center will give him a lift in the polls that his lurch to the populist right this summer failed to accomplish. But as Britain’s political establishment digested the news — the return of a more centrist former prime minister, David Cameron, and the ouster of a hard edged home secretary, Suella Braverman, who lashed out at Mr. Sunak on Tuesday — analysts said the prime minister’s pivot smacked of a politician casting about for an identity. Far from a winning electoral formula, some predict that the reshuffle could fracture the coalition that delivered a landslide victory for the Conservative Party in 2019. By trying to shore up the party’s traditional heartland in the south of England, they said, Mr. Sunak risked alienating the working-class voters in the “red wall,” who once flocked to the Tory slogan, “Get Brexit done.”“It doesn’t make any more sense than most of Sunak’s moves since the summer,” said Timothy Bale, a professor of politics at Queen Mary University of London. “And it’s unlikely to make a blind bit of difference to his chances of turning things around before the general election.”

Persons: Rishi, David Cameron, Suella Braverman, Sunak, ”, “, Timothy Bale Organizations: Conservative Party, Queen Mary University of London Locations: England

☆ Sacked minister Braverman attacks UK's Sunak as failing and weak
▼ + stars: | 2023-11-14 | by ( Alistair Smout | ) www.reuters.com time to read: +3 min

Summary Braverman says Sunak has betrayed promise to stop migrant boatsSunak's office says actions, not words, countBraverman accuses Sunak of uncertain and weak leadershipLONDON, Nov 14 (Reuters) - Sacked British minister Suella Braverman launched a blistering attack on Prime Minister Rishi Sunak on Tuesday, accusing him of betraying both her and the country. She also said Sunak broke a series of promises he made to her so she would serve under him as prime minister. A spokesperson for Sunak's Number 10 office said in response: "The prime minister believes in actions not words." Braverman was sacked by Sunak on Monday after an unauthorised newspaper article in which she accused police of double standards at pro-Palestinian protests. Sunak became leader in October last year and re-appointed Braverman as interior minister just days after she was fired by his predecessor for security breaches.

Persons: Braverman, Sunak, Suella Braverman, Rishi Sunak, William James, Muvija, Elizabeth Piper, Kate Holton, Barbara Lewis Organizations: Conservatives, Conservative, European Union, Thomson Locations: Rwanda, Northern Ireland

☆ UK's Sunak to Learn Fate of His Rwanda Migrant Plan This Week
▼ + stars: | 2023-11-14 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +4 min

By Michael Holden and Sam TobinLONDON (Reuters) - Britain's Supreme Court will deliver its ruling on Wednesday on whether the government can go ahead with its plan to deport asylum seekers to Rwanda, a decision which could have far-reaching ramifications for Prime Minister Rishi Sunak. Sunak hopes the Rwanda scheme will help stop the flow of migrants across the Channel from Europe in small boats, and so deliver one of his key policy pledges and energise his ailing premiership ahead of an election expected next year. PRESSING NEEDDuring three days of hearings, the judges heard from government lawyers who said there was a "serious and pressing need" for the Rwanda scheme. Rwanda has said it would offer migrants sent from Britain the opportunity to build a new, safe life. They also said asylum seekers faced inhuman or degrading treatment within Rwanda, and their argument has support from the United Nations' refugee agency.

Persons: Michael Holden, Sam Tobin LONDON, Rishi Sunak, Sunak, Suella Braverman, Boris Johnson, Robert Reed, James, Alex Richardson Organizations: Conservative Party, European Convention of Human Rights, East, United Nations, of Human Rights Locations: Rwanda, East Africa, Europe, Britain, Syria, Iraq, Iran, Vietnam, Sudan

☆ UK Minister to Sign Trade Pact With Florida Governor DeSantis
▼ + stars: | 2023-11-14 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +3 min

By Andrea Shalal and Alistair SmoutWASHINGTON (Reuters) - British Business and Trade Secretary Kemi Badenoch said she will sign a memorandum of understanding with Florida Governor Ron DeSantis on Tuesday to boost trade and investment with the fourth largest U.S. state. Badenoch said the Florida deal was Britain's seventh with U.S. states, and Britain was also making progress in talks with the U.S. federal government on a broader trade agreement. Badenoch and DeSantis, a Republican presidential hopeful, will sign the deal in the Port of Jacksonville around midday (1700 GMT) Tuesday. Trade between Britain and Florida is already worth more than 5 billion pounds ($6.14 billion) a year, but could expand under the new memorandum. Together with Florida, they account for a combined gross domestic product (GDP) of 3.3 trillion pounds ($4 trillion).

Persons: Andrea Shalal, Alistair Smout WASHINGTON, Kemi Badenoch, Florida Governor Ron DeSantis, Badenoch, Katherine Tai, Rishi Sunak, Joe Biden, Donald Trump, Biden, DeSantis, Trump, Alistair Smout, Edwina Gibbs, Mark Heinrich Organizations: Business, Trade, Florida Governor, U.S, Reuters, . Trade, British, Britain, Republican, Trump, NASA Kennedy Space Center Locations: Florida, Britain, China, Badenoch, DeSantis, Port of Jacksonville, London, Indiana , North Carolina, South Carolina , Oklahoma , Utah, Washington, Texas , New York , California, Colorado, Illinois

[1/2] Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. ET (1500 GMT) with a 152 strike price, analysts said. The dollar shot to 151.92 yen at 9:42 a.m. (1442 GMT), its highest level since October 2022, and then tumbled to 151.20 minutes after the strike price. Earlier, Japanese Finance Minister Shunichi Suzuki said the government would keep monitoring the currency market and respond appropriately. The yen is down almost 14% against the dollar this year.

Persons: Dado Ruvic, Shunichi Suzuki, Marc Chandler, It's, Chandler, Jerome Powell, Geoff Yu, Sterling, Rishi Sunak, Sunak, David Cameron, Suella Braverman, Dhara Ranasinghe, Brigid Riley, Emelia Sithole, Sharon Singleton, Jonathan Oatis Organizations: REUTERS, Japanese Finance, Bank of Japan, Bannockburn Global, United Auto Workers, Federal Reserve, BNY Mellon, British, Thomson Locations: Bannockburn, New York, U.S, Tokyo, Japan, TOKYO

☆ Dollar rallies to fresh one-year high against a beaten-down yen
▼ + stars: | 2023-11-13 | by ( Dhara Ranasinghe | Thomson Reuters | Senior Correspondent On The London Markets Team Covering European Sovereign Bond Markets | ) www.reuters.com time to read: +3 min

[1/2] Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. Japanese Finance Minister Shunichi Suzuki said the government would keep monitoring the currency market and respond appropriately. The comments had little immediate impact on the yen, which is down almost 14% against the dollar this year. "Given the move in U.S. Treasuries of course the yen is not rallying yet," he said, referring to U.S. bond yields. The dollar on Monday rose to 151.88 yen , its highest level since October 2022.

Persons: Dado Ruvic, Shunichi Suzuki, Sterling, inched, Rishi Sunak, Kit Juckes, Jerome Powell, Geoff Yu, Sunak, David Cameron, Suella Braverman, Dhara Ranasinghe, Brigid Riley, Emelia Sithole, Sharon Singleton Organizations: REUTERS, U.S . Federal, Finance, British, Generale, BNY Mellon, Thomson Locations: U.S, Japan, Tokyo, TOKYO

Search resuls for: "RISHI SUNAK"

25 mentions found