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TOKYO/LONDON, Dec 9 (Reuters) - Japan, Britain and Italy are merging their next-generation jet fighter projects in a ground-breaking partnership spanning Europe and Asia that is Japan's first major industrial defence collaboration beyond the United States since World War Two. Amid what it sees as deteriorating regional security, Japan this month will announce a military build up plan that is expected to double defence spending to about 2% of gross domestic product over five years. Britain also want Japan to improve how it provides security clearances to contractors who will work on the aircraft, sources with knowledge of the discussion told Reuters. The United States, which has pledged to defend all three countries through its membership of NATO and a separate security pact with Japan, also welcomed the joint Europe-Japan agreement. "The United States supports Japan's security and defence cooperation with likeminded allies and partners, including with the United Kingdom and Italy," the U.S. Department of Defense said in a joint statement with Japan's Ministry of Defense.

TOKYO/LONDON, Dec 9 (Reuters) - Japan, Britain and Italy are merging their next-generation jet fighter projects in a bridge between Europe and Asia that marks Japan's first major industrial defence collaboration beyond the United States since World War Two. Britain also wants Japan to improve how it provides security clearances to contractors, sources with knowledge of the discussions told Reuters. The two new platforms would compete head-on with each other and the United States in the global fighter market. "There is going to be a Battle Royal in the next 10-15 years in positioning the various players," said UK defence analyst Francis Tusa. The United States, which has pledged to defend all three countries through NATO and a separate security pact with Japan, welcomed the new Europe-Japan agreement.

OTTAWA, Dec 8 (Reuters) - The Bank of Canada will study the most recent economic data to gauge whether to raise interest rates further, a deputy governor said on Thursday, adding it would still move forcefully if necessary. "We expect our decisions will be more data-dependent," Deputy Governor Sharon Kozicki said in a speech in Montreal, adding the bank was still prepared to be "forceful" with rates if necessary. "We are moving from how much to raise interest rates to whether to raise interest rates." Asked to clarify if being prepared to be "forceful" meant the bank was still prepared to make oversized rate moves, Kozicki said it was a hypothetical. Deliberations ahead of Wednesday's rate hike centered on how supply challenges are resolving, how higher rates are slowing demand, and how inflation and inflation expectations are evolving, Kozicki said.

The bank cited still-strong growth and tight labor markets as the reason for the latest increase. But it eliminated the forward guidance it has used since it began cranking rates higher in March, dropping language that said they would have to rise further. Money markets had bet on a 25-basis-point increase, but a slim majority of economists in a Reuters poll expected a 50-bps move. Overall, however, the central bank said that data supported its October forecast that growth would stall through the middle of next year. Additional reporting by Fergal Smith in Toronto, Editing by Sandra Maler, Kirsten Donovan and Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

☆ Bank of Canada set to hike rates, may signal it is near end of tightening cycle
▼ + stars: | 2022-12-07 | by ( Steve Scherer | ) www.reuters.com time to read: +2 min

"It's a close call but we're expecting a 50-basis-point rate hike from the Bank of Canada," Benjamin Reitzes, Canadian rates and macro strategist at BMO Capital Markets, said in a note. In October, the Bank of Canada forecast that economic growth would stall from the fourth quarter this year through the middle of next year. "Whether or not the Bank of Canada raises rates 25 or 50 basis points, there's a separate question about whether the Bank of Canada can or should really be committing to raise rates further in 2023," said Royce Mendes, head of macro strategy at Desjardins Group. The bank has been providing forward guidance that it "expects that the policy interest rate will need to rise further" since it began this tightening cycle. "At some point, the Bank of Canada is going to be in a position where it's appropriate to just let rates be for a while," Mendes said.

Canada added 10,100 jobs in November, broadly in line with the forecast gain of 5,000, while the jobless rate fell to 5.1%, Statistics Canada said. Analysts had forecast the jobless rate would tick up to 5.3%. The November report follows a monster gain of 108,300 jobs in October and comes just days ahead of a Bank of Canada policy-setting meeting on Wednesday. The central bank has raised rates by 350 basis points since March, one of its steepest tightening cycles ever. The small jobs gain was entirely for full-time work and mostly in the services sector, while the participation rate edged down to 64.8% from 64.9% in October.

☆ Rolls-Royce uses hydrogen produced with wind and tidal power to test jet engine
▼ + stars: | 2022-12-02 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +4 min

The test used a converted regional aircraft engine from Rolls-Royce, with hydrogen produced at the European Marine Energy Centre in Orkney. LONDON — Plans to reduce the significant environmental effects of aviation took a step forward this week after Rolls-Royce and easyJet said they had carried out the ground test of a jet engine that used hydrogen produced from tidal and wind power. The test, which was carried out at an outdoor site in the U.K., used a converted regional aircraft engine from London-listed Rolls-Royce. "This is a true British success story, with the hydrogen being used to power the jet engine today produced using tidal and wind energy from the Orkney Islands of Scotland," Shapps added. Using hydrogen to power an internal combustion engine is different to hydrogen fuel cell technology, where hydrogen from a tank mixes with oxygen, generating electricity.

☆ Airbus develops fuel-cell engine for hydrogen plane
▼ + stars: | 2022-11-30 | by ( ) www.cnbc.com time to read: +2 min

Airbus has started developing a fuel-cell engine, it said on Wednesday, sticking with plans to introduce a hydrogen-powered commercial aircraft by 2035. The system is one of several options being considered for a potential zero-emission aircaft based on hydrogen, Airbus said. Jet engine makers Rolls-Royce , General Electric , Safran and Pratt & Whitney are among its biggest suppliers. An alternative approach based on combusting liquid hydrogen in more conventional jet engines depends on heavy cooling in larger and heavier tanks. Airbus will start ground and flight testing fuel-cell architecture towards the middle of the decade, the company said during a two-day sustainability event.

☆ Rolls-Royce successfully tests hydrogen-powered jet engine
▼ + stars: | 2022-11-28 | by ( ) www.reuters.com time to read: +2 min

LONDON, Nov 28 (Reuters) - Britain's Rolls-Royce (RR.L) said it has successfully run an aircraft engine on hydrogen, a world aviation first that marks a major step towards proving the gas could be key to decarbonising air travel. The ground test, using a converted Rolls-Royce AE 2100-A regional aircraft engine, used green hydrogen created by wind and tidal power, the British company said on Monday. They said they were already planning a second set of tests, with a longer-term ambition to carry out flight tests. Planemaker Airbus is working with French-U.S. engine maker CFM International to test hydrogen propulsion technology. Other technologies backed by companies such as Rolls-Royce include electric engines, which would be initially suitable for short flights, and sustainable aviation fuel (SAF).

☆ Equatorial Guinea president wins re-election, VP says on Twitter
▼ + stars: | 2022-11-26 | by ( ) www.reuters.com time to read: +1 min

DAKAR, Nov 26 (Reuters) - Equatorial Guinea's President Teodoro Obiang Nguema has won re-election with 95% of the Nov. 20 vote, his son Vice President Teodoro Nguema Obiang Mangue said on Twitter on Saturday. "The definitive results prove us right again," the vice president tweeted. The West African country of around 1.5 million people has had only two presidents since independence from Spain in 1968. Obiang has always been elected with more than 90% of the vote in polls that international observers have questioned. Critics say Obiang has done little to drag the country out of poverty despite great personal wealth.

☆ Wall Street salaries revealed: How much Evercore, Centerview, Moelis, and other boutique banks pay from analyst to VP
▼ + stars: | 2022-11-22 | by ( Emmalyse Brownstein | Rachel Durose | ) www.businessinsider.com time to read: +9 min

Pay soared everywhere, but particularly at boutique firms, which tend to pay more than big banks. Some of the biggest beneficiaries of that trend were those at "boutique" firms — smaller banks lesser known to industry outsiders — like Moelis, Lazard, and Evercore. It has more than 3,000 employees according to LinkedIn and more than 200 open positions. Rothschild & Co.Based in Paris, but with offices in several US cities, Rothschild has 3,600 employees, according to their website. 2 in number of completed transactions for the first half of 2022, according to their August press release.

☆ Saka at the double as England hit Iran for six
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +4 min

England came into the tournament without a win in six games, but a dynamic opening 45 minutes in which Jude Bellingham scored his first England goal, Bukayo Saka doubled the lead and Raheem Sterling grabbed a third set up a second-half stroll. While Iran's Taremi grabbed another from the penalty spot in the 13th minute of stoppage time, given for a minor shirt pull after a VAR review, England's work was already done. read moreThe game eventually took centre stage and it was not long before England were in top gear. Shaw was the provider again for England's second goal as his corner was headed back across the area by Harry Maguire to Saka, who volleyed expertly into the top corner. England were not done however, as Saka grabbed his second in the 62nd minute.

☆ Saka at the double as dynamic England hit Iran for six
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +4 min

England, semi-finalists in 2018, came into the tournament without a win in six games, but a dynamic opening 45 minutes in which Jude Bellingham scored his first England goal, Bukayo Saka doubled the lead and Raheem Sterling grabbed a third set up a second-half stroll. read moreThe game eventually took centre stage and it was not long before England were in top gear. Shaw was the provider again for England's second as his corner was headed back across the area by Harry Maguire to Saka, who volleyed home expertly. England were not done, however, as Saka grabbed his second in the 62nd minute. His side face Wales on Friday when England take on the United States.

☆ These mutual funds are planning to hit investors with capital gains distributions. How to decide the right move for you
▼ + stars: | 2022-11-11 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

There may be some pain ahead for mutual fund investors in the form of capital gains taxes. "That means funds that have suffered steep falls this year could still distribute capital gains to investors," Welch said. John Hancock will pay double-digit capital gains distributions on several of its funds. Almost a dozen Nuveen funds will make 5% to 10% capital gains distributions, while twice that number of T. Rowe price funds will pay out between 4% and 21%. Passively managed funds may have distributions but they tend to be smaller than actively managed funds, Benz pointed out.

Ramon Abbas, known to his millions of Instagram followers as Ray Hushpuppi, pleaded guilty in April last year to conspiracy to engage in money laundering. On social media, where Abbas had posted videos of himself tossing wads of cash like confetti, he referred to himself as a real estate developer. His social media account was a treasure trove of information for investigatorsFederal investigators have described Abbas as a prolific money launderer who leveraged his social media platform to gain notoriety and brag about his wealth. In a 2020 affidavit, federal officials detailed how his social media accounts provided details needed to confirm his identity. Even Abbas’ Instagram birthday party photos helped the investigation.

☆ Rebel Wilson announces birth of baby via surrogate
▼ + stars: | 2022-11-07 | by ( Gina Vivinetto | ) www.nbcnews.com time to read: +1 min

Rebel Wilson announced the birth of her first child, welcomed via surrogate, on Instagram Monday“Beyond proud to announce the birth of my first child, Royce Lillian, born this past week via surrogate. I can’t even describe the love I have for her, she’s a beautiful miracle!” Wilson, 42, wrote next to a picture of baby Royce in a onesie. The Australian actor went on to thank her “gorgeous surrogate” for helping her become a mom. Wilson concluded her post by saying she can’t wait to dote on little “Roycie.”“I am ready to give little Roycie all the love imaginable. “Thanks for the well-wishes, but we are NOT engaged,” Wilson wrote in her Instagram Story, alongside a now-vanished photo of the couple at Disneyland in California.

☆ Bank of Canada focus on more timely inflation data lowers overshoot risk
▼ + stars: | 2022-11-07 | by ( Fergal Smith | ) www.reuters.com time to read: +3 min

Inflation tends to be reported on a year-over-year basis to smooth out fluctuations that occur in shorter-term measures. Some forecasters expect Canada's economy to dip into recession next year along with a downturn in global activity. Twelve-month rates include price growth that occurred much earlier in the year, economists explain. Inflation is likely to be more persistent after it spread from goods prices into slower-moving items, such as wages and services. Still, the BoC has opened the door to slowing the pace of tightening to more normal steps of 25 basis points.

☆ Rebel Wilson announces birth of her first child
▼ + stars: | 2022-11-07 | by ( Lisa Respers France | ) edition.cnn.com time to read: 1 min

CNN —Actress Rebel Wilson is a mom. The “Pitch Perfect” star announced on Monday the birth of daughter Royce Lillian, who was “born this past week via surrogate,” according to her verified Instagram account. “I can’t even describe the love I have for her, she’s a beautiful miracle!” Wilson wrote. “I am forever grateful to everyone who has been involved, (you know who you are), this has been years in the making…but particularly wanted to thank my gorgeous surrogate who carried her and birthed her with such grace and care.”Calling the birth of her child “the best gift,” the actress also wrote that she is “ready to give little Roycie all the love imaginable.”“I am learning quickly…much respect to all the Mums out there,” Wilson wrote. “Proud to be in your club.”In June, Wilson went public with the fact she was in a relationship with fashion designer Ramona Agruma.

[1/2] Tennis - U.S. Open - Flushing Meadows, New York, United States - September 8, 2022 Rebel Wilson is seen in the stands during the match REUTERS/Mike Segar/File PhotoNov 7 (Reuters) - Actor Rebel Wilson introduced the world to her newborn daughter Royce Lillian on Instagram on Monday. Wilson's baby girl was born via surrogate and the 42-year-old star was thrilled to share the news with her fans on the social media platform. “Beyond proud to announce the birth of my first child, Royce Lillian, born this past week via surrogate I can’t even describe the love I have for her, she’s a beautiful miracle!" said Wilson, who is in a relationship with fashion designer Ramona Agruma. Thank you for helping me start my own family, it’s an amazing gift."

☆ Republican Rep. Young Kim faces off against Democrat Asif Mahmood in California's 40th Congressional District election
▼ + stars: | 2022-11-05 | by ( Hanna Kang | ) www.businessinsider.com time to read: +5 min

Rep. Young Kim is running against Democrat Asif Mahmood in California's 40th Congressional District. The 40th District is an affluent, suburban district anchored in Orange County. CA-13CA-22CA-27CA-41CA-45CA-09CA-47CA-49 HouseRepublican Rep. Young Kim is vying for a second term against Democrat Asif Mahmood in California's 40th Congressional District. California's 40th Congressional District candidatesKim, a freshman representative, sits on the House Committees on Foreign Affairs, Science, Space and Technology, and Small Business. Voting history for California's 40th Congressional DistrictCalifornia's 40th Congressional District is an affluent, suburban district anchored in Orange County.

Representative Marjorie Taylor Greene Republican of Georgia Suggested Mr. Pelosi knew his attacker. Elon Musk Chief executive of Twitter and Tesla Amplified a conspiracy theory about male prostitution. Finding life on far-right websites and the so-called dark web, conspiracy theories and falsehoods leaped from the fringes to the mainstream. Each comment Friday, Oct. 28 6 p.m. A conspiracy theory circulates widely that the attack was the result of a sexual affair. saturday, oct. 29 at 9 p.m. A conspiracy theory circulates widely that the attack was the result of a sexual affair.

☆ NBA roundup: Short-handed Warriors cap 0-5 trip
▼ + stars: | 2022-11-05 | by ( ) www.reuters.com time to read: +9 min

Jusuf Nurkic recorded 14 points and eight rebounds, and Justise Winslow had 12 points, nine rebounds and nine assists. Nic Claxton recorded 18 points and nine rebounds while Cam Thomas contributed 17 points and six assists off the bench. Anthony Edwards led Minnesota with 24 points, while Karl-Anthony Towns had 22 points, 11 rebounds and five assists. RJ Barrett finished with 22 points and nine rebounds while Cam Reddish added 11 points off the bench. Kelly Oubre Jr. led the Hornets with 17 points, while James Bouknight had a season-high 14 points.

Demonstrations erupted on Sunday in support of Bolsonaro after he was narrowly defeated by Lula, who previously governed from 2003 to 2010. Carvalho asked Brazil's federal police to open an official probe on 70-year-old Piquet to "clarify the facts". He said that Piquet, as a public figure, should have been aware that his remarks had the power to reach hundreds of thousands of people. One of Lula's closest allies, Senator Humberto Costa, stated earlier this week he was filing a complaint against Piquet with the public prosecutor's office following his comments. His latest remarks come just days ahead of the Brazilian Grand Prix, which is set to begin in Sao Paulo on Nov. 13.

☆ Canadian dollar forecasts cut as BoC trails Fed on peak-rate bets - Reuters poll
▼ + stars: | 2022-11-02 | by ( Fergal Smith | ) www.reuters.com time to read: +3 min

The currency has weakened over 7% against the U.S. dollar since the start of 2022. It was then expected to rally to 1.31 in a year, versus 1.30 expected in last month's poll. "That implied spread between terminal rates in Canada and the United States will probably have to widen out further and that could take the U.S. dollar higher across the board including against the Canadian dollar." Investors are betting on a terminal rate, or peak level for interest rates, from the BoC in the coming months of 4.25%. "We see less interest in investing money back into the ground in the oil patch when oil prices are high and so there's less room (for the currency) to fall when oil prices are low."

☆ Airbus is paying nearly all of its 126,000 employees a $1,470 bonus to help them cope with the cost of living crisis
▼ + stars: | 2022-10-25 | by ( Stephen Jones | ) www.businessinsider.com time to read: +3 min

Around 120,000 Airbus employees will receive a cash bonus to help cope with rising living costs. They'll receive the 1,500 euro ($1,470) payment in their next paycheck, Airbus confirmed to Insider. Around 120,000 employees will receive an "exceptional premium" in their next payroll, a spokesperson for Airbus told Insider. Rolls-Royce — whose engines are used in several Airbus planes — gave thousands of employees a cash bonus equivalent to $2,500 and a back-dated pay rise in June. Later the same month, Big Four accountancy firm PwC said it had increased its annual bonus pool by $12.3 million amid rising living costs.

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