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[1/8] People take selfie on the day of an annual LGBT Equality Parade in Warsaw, Poland June 17, 2023. With an election in October or November looking tight, activists expect PiS to use issues like gay marriage or teaching about LGBTQ issues in schools to mobilise socially conservative voters. It also says that teaching about LGBTQ issues in schools results in children being sexualised. "We want to celebrate but also fight for more rights [for the LGBTQ community] in Poland," Gora told Reuters. While thousands celebrated marching to the sounds of music, a group of anti-LGBTQ activists from the Foundation for Life and Family burned rainbow flags, the symbol of the LGBTQ community.
Persons: Alicja Herda, PiS, Jaroslaw Kaczynski, Rafal Trzaskowski, Krzysztof Gora, Gora, Sabrina, Agnieszka Pikulicka, Alan Charlish, Nick Macfie, Mike Harrison Organizations: Equality Parade, REUTERS, Law and Justice, Warsaw, Reuters, Foundation for Life, Thomson Locations: Warsaw, Poland, WARSAW, Europe, London
Polish LGBTQ march seeks to show strength as election looms
  + stars: | 2023-06-17 | by ( ) www.reuters.com   time to read: +2 min
[1/8] People take selfie on the day of an annual LGBT Equality Parade in Warsaw, Poland June 17, 2023. It also says that teaching about LGBTQ issues in schools results in children being sexualised. This view, which is regularly featured in state-run media, strikes a chord with many voters in the predominantly Catholic country. For Herda, the fears some conservatives have regarding LGBTQ rights are unfounded. In her view, education about LGBTQ issues is beneficial.
Persons: Poland's, Alicja Herda, PiS, Jaroslaw Kaczynski, Alan Charlish, Nick Macfie Organizations: Equality Parade, REUTERS, Law and Justice, Thomson Locations: Warsaw, Poland, WARSAW
"Monetary policy must continue to tighten to bring inflation to target in a timely manner," the IMF said in the report, which it presented to euro zone finance ministers and the ECB. The IMF urged euro zone governments to help the ECB by cutting spending, because economic growth was to pick up modestly this year and next despite tightening financial conditions. "Fiscal consolidation should also proceed to ease inflation pressures and rebuild fiscal space," the IMF said. The Fund called on EU governments to complete the ongoing reform of the bloc's fiscal rules, which were put in place to prevent excessive borrowing by governments. "A swift agreement on the reform of the EU economic and fiscal governance framework would support fiscal sustainability over the longer term," the IMF said.
Persons: Jan Strupczewski Organizations: European Central Bank, International Monetary Fund, IMF, ECB, Thomson Locations: BRUSSELS, Germany, France
CNN —An African delegation on a peace mission to Ukraine headed by South African President Cyril Ramaphosa was greeted with explosions and forced to shelter in bunkers amid air strikes on the capital Kyiv. The African leaders are expected to travel to Russia Saturday to hold talks with President Vladimir Putin. “Russia’s missile attack took place just as African leaders arrived in the capital,” Andriy Yermak, head of the Office of the President of Ukraine, said Friday. He has also come under fire after the US ambassador to South Africa, Reuben Brigety, said South Africa supplied arms to Russia in December last year. He added that the future of this agreement would be discussed at his meeting with the African leaders on Saturday.
Persons: Cyril Ramaphosa, Volodymyr Zelensky, Vladimir Putin, , ” Andriy Yermak, “ Putin, , Joe Biden, Antonio Guterres, ” Yermak, ” Ramaphosa, Macky Sall, Hichilema, Azali Assoumani, Andriy Kostin, Valentyn Ogirenko, Andrzej Duda, Ramaphosa, Reuben Brigety, Vincent Magwenya, Putin, Moscow, ” Putin Organizations: CNN, South, UN, Russia, Ukraine's, Reuters, Polish Border Guard, United Nations General Assembly Locations: Ukraine, Kyiv, Russia, , Senegal, Zambia, Comoros, Egypt, Congo, Uganda, Africa, Bucha, Poland’s, Warsaw, Poland, South Africa, America, Latin America
Abortion rights activists have said that there were at least five cases of pregnant women dying whose families came out to the media, blaming the restrictions on abortion for their deaths. Last month, Dorota died of septic shock in a hospital after her water broke in the 20th week of pregnancy. Jaroslaw Kaczynski, the ruling Law and Justice (PiS) party leader said that by law women could have abortions if there was any threat to their life or health. "I hope the law will change and I will not be afraid to get pregnant in Poland," said Joanna Jędrasiak, 36, an economist. Reporting by Karol Badohal, Agnieszka Pikulicka-Wilczewska and Anna Wlodarczak-Semczuk; Editing by Aurora EllisOur Standards: The Thomson Reuters Trust Principles.
Persons: Mateusz Morawiecki, Dorota, We've, Izabela, Agnieszka Czerederecka, Jaroslaw Kaczynski, It's, IBRiS, Joanna Jędrasiak, Karol Badohal, Agnieszka Pikulicka, Anna Wlodarczak, Aurora Ellis Organizations: REUTERS, Reuters, Justice, Radio, Thomson Locations: Europe, Warsaw, Poland, WARSAW
AMSTERDAM, Netherlands — Major banks and fintech companies claim to be piling into generative artificial intelligence as the hype surrounding the buzzy technology shows no signs of fizzling out — but there are lingering fears about potential pitfalls and risks. Chalapathy Neti, head of AI at global bank messaging network Swift, described the progress made with ChatGPT and GPT-4 as "mind-boggling." The Netherlands' ABN Amro is one banking giant that's piloting the use of generative AI in its processes. It's also using it to help its employees gather data on customers to assist with answering queries and avoid repetitive questions. Indeed, the banks appeared unanimous in their hesitation to roll out ChatGPT-like tools to customer-facing scenarios.
Persons: Vreugdenhil, It's, Mariana Gomez de Organizations: ABN Amro, ABN, Mariana Gomez de la Villa, ING Bank Locations: Warsaw, Poland, AMSTERDAM, Netherlands, Amsterdam
REUTERS/Toby MelvilleBRUSSELS, June 12 (Reuters) - EU countries on Monday tweaked draft rules aimed at giving workers at online companies such as Uber (UBER.N) and Deliveroo (ROO.L) employee benefits, ahead of negotiations with EU lawmakers who want more comprehensive rules than both EU governments and the European Commission. In their draft version agreed on Monday, EU countries propose that companies will be considered employers if they meet three out of seven criteria. The EU executive said the rules would cover some 4.1 million of the 28 million workers at online platform companies across the 27-country European Union. Uber criticised the proposals from both EU countries and lawmakers. EU countries, EU lawmakers and the Commission will now thrash out the details before the draft becomes legislation.
Persons: Toby Melville BRUSSELS, Uber, Anabel Diaz Calderon, Glovo, Foo Yun Chee, Susan Fenton Organizations: Chopin, REUTERS, European Commission, EU, Union, Thomson Locations: Warsaw, Poland, Europe, EU
June 10 (Reuters) - German investigators are examining evidence suggesting a sabotage team used Poland as an operating base to damage the Nord Stream pipelines in the Baltic Sea in September, the Wall Street Journal reported on Saturday. The investigators have reconstructed the two-week voyage of the "Andromeda", a 50-foot (15-metre) yacht suspected of being involved in the sabotage of the Nord Stream 1 and 2 pipelines, the newspaper said. The Journal cited people familiar with the voyage as indicating the sabotage crew had placed deep-sea explosives on Nord Stream 1, before they set the vessel on a course towards Poland. The destruction of the Nord Stream pipelines hastened the region's switch to other energy suppliers. Nord Stream 1 and Nord Stream 2, each consisting of two pipes, were built by Russia's state-controlled Gazprom to pump 110 billion cubic metres (bcm) of natural gas a year to Germany.
Persons: Stanislaw Zaryn, Volodymyr Zelenskiy, Shivani Tanna, Karol Badohal, William Mallard, Helen Popper Our Organizations: Wall Street, Germany's Federal Criminal Police, Polish, Special Services, Twitter, Nord, Gazprom, Washington Post, Wednesday, Thomson Locations: Poland, Baltic, Germany, Germany's, Russian, Warsaw, Kiev, Ukraine, Nord, Sweden, Denmark, Ukrainian, Bengaluru
A clear sign that Poland was still a key ally – despite accusations that its government is undermining democracy and the rule of law. Law and Justice has so far struggled to take a decisive lead over the opposition Civic Platform grouping. Then on Wednesday, the European Commission announced it was suing Poland over a new law that sets up a special commission tasked with investigating Russian influence in Polish politics. The Commission said the law violates the principle of democracy and could be used to silence opposition. Law and Justice has justified the law by saying the dependence on Russian gas has hurt Poland’s interests.
Persons: Joe Biden, , it’s, ” Aleks, Biden, , Agnieszka Kubal, , Donald Tusk, Tusk, Andrzej Duda, ” Kubal, Szczerbiak, you’re Organizations: CNN, NATO, Russia, University of Sussex, Law, Justice, of Slavonic, East European Studies, University College London, Ukrainian, European Commission, US State Department, Gazprom, EU Locations: Poland, Ukraine, Warsaw, United States, Germany, Russia
Air India, which is revamping itself under new owner Tata Group, has been rapidly growing its international presence with new non-stop flights to Europe and the United States. Being able to use Russian airspace has come as a boon as it looks to capture a bigger share of the market. IATA Director General Willie Walsh called for an opening up of Russian airspace. "What we would like to see is everybody using Russian airspace. But airlines that can are unlikely to stop using Russian airspace after this diversion, said James Halstead, managing partner at Aviation Strategy.
Persons: Stringer, Campbell Wilson, Wilson, Scott Kirby, Kirby, Willie Walsh, Walsh, James Halstead, Vinod Kannan, India's, it's, Air India's Wilson, I'm, Aditi Shah, Mark Potter Organizations: REUTERS, United Airlines, Air, Air India, International Air Transport, Tata Group, Reuters, Airlines, Aviation, Singapore Airlines, Thomson Locations: Sheremetyevo, Russia, Ukraine, Moscow, Stringer ISTANBUL, U.S, India, Europe, Asia, Brussels, Air India, Istanbul, Air, United States, Russia's Far
ISTANBUL, June 6 (Reuters) - Global airlines called on Tuesday for broad co-operation to reach "very tough" emission targets and pledged to release interim climate targets next year as the industry aims for a goal of net-zero by 2050. Airlines are relying for 62% of their emissions reduction target on the fuel, which is currently between two to four times more expensive than kerosene. Walsh said airlines were not afraid to confront the fact that their share of total emissions will rise as other industries with fewer technological hurdles decarbonise. "Different parts of the world are moving at different paces and for us, representing global airlines, we've got to factor all of that into account." One thing airlines agreed on was frustration at aircraft delays, which have disrupted their schedules, with CEOs asking IATA to lobby planemakers.
Persons: Willie Walsh, Walsh, Jo Dardenne, Tim Clark, Clark, we've, Joanna Plucinska, Tim Hepher, Andrew Heavens, Sriraj Kalluvila, Alexander Smith Organizations: Aviation, International Air Transport Association, Sustainable Aviation Fuel, SAF, Transport, Environment, Dubai's Emirates, Reuters, Thomson Locations: ISTANBUL, Istanbul, planemakers, United States, Dubai
ISTANBUL, June 6 (Reuters) - An Air India plane flying from Delhi to San Francisco was forced to divert and land at an airport in Russia's Far East after it developed a technical issue with one of its engines, the airline said on Tuesday. The 216 passengers and 16 crew onboard were being offered support on the ground and accommodated in local hotels for the night, Air India said. Air India said it could not share any passenger details. GE Aerospace said it was aware of the diversion and working with Air India to resolve the issue. However, Air India and some Gulf-based, Chinese and African carriers continue to fly over Russia, making flying times shorter and American rivals uncompetitive.
Persons: Rosaviatsia, Campbell Wilson, Biden, Aditi Shah, Tim Hepher, Joanna Plucinska, David Shepardson, Valerie Insinna, Alexnader Marrow, Gleb Stolyarov, Josephine Mason, Emelia Sithole, David Evans, Mark Potter Organizations: An, Boeing, United Airlines, Air, General Electric, Union, Norwegian Air Boeing, Washington, GE, U.S . Treasury, U.S . Department of Commerce, GE Aerospace, International Air Transport Association, Reuters, Thomson Locations: ISTANBUL, An Air India, Delhi, San Francisco, Russia's Far, Russia, Air India, Magadan, Okhotsk, Iran, Shiraz, India, Washington, United States, Moscow, Ukraine, American, U.S
The United States should take note. After praising Poland as one of the United States’ “great allies,” Mr. Biden stressed the importance of defending freedom and democracy. The party’s newly burnished international image as steadfast friend to Ukraine only helps to entrench such support. The United States, for one, exerts considerable influence in Poland. What’s more, Washington could make financial assistance — last year, the United States invested $288.6 million in Poland’s military — conditional on compliance with democratic standards and the rule of law.
Persons: genuflection, Donald Tusk, Biden, United States ’ “, ” Mr, What’s, Organizations: Nazi, Soviet, Poland, United, Law, Justice, hasn’t Locations: , Ukraine, Poland, Finland, Baltic States, Romania, United States, Warsaw, India, Turkey, Rwanda, Russia, China, Washington
ISTANBUL, June 5 (Reuters) - Global airlines more than doubled their 2023 industry profit forecast to $9.8 billion from $4.7 billion on Monday cheered by strong travel demand as the sector recovers from the COVID-19 pandemic. "The pandemic years are behind us and borders are open as normal," Director General Willie Walsh told the annual meeting of the International Air Transport Association (IATA). Global airlines have in recent months reported strong results as they prepare for a busy summer season, with travel demand showing no sign of flagging despite peaking inflation. Revenue levels for 2023 are also inching closer to pre-pandemic levels, climbing to an expected $803 billion versus $838 billion in 2019. And they will continue to do so through this year," Walsh told Reuters in an interview separately.
Persons: Willie Walsh, Walsh, " Walsh, Joanna Plucinska, Aditi Shah, Tim Hepher, Jason Neely Organizations: Global, International Air Transport Association, . Global, Reuters, Airlines, Schiphol Airport, Schiphol, Thomson Locations: ISTANBUL, Netherlands, South Africa
[1/2] An Air France aircraft, operated with sustainable aviation fuel (SAF) produced by TotalEnergies, is refueled before its first flight from Nice to Paris at Nice airport, France, October 1, 2021. REUTERS/Eric Gaillard/File PhotoISTANBUL, June 5 (Reuters) - Airlines took aim at Europe over green fuel mandates and its failures to stem France's air traffic control strikes as they weigh on carrier capacities at a global airlines meeting in Istanbul on Monday. In 2021, the body released its strategy to achieve net-zero carbon emissions by 2050, including a progressive increase in sustainable aviation fuel use. A global approach to book and claim for SAF credits will help facilitate economies of scale in SAF production," he said. FRAGMENTATIONHowever, IATA said the EU's approach could cause more fragmentation by forcing airlines to buy SAF in Europe, ultimately hampering a harmonized global approach and sowing confusion.
Persons: Eric Gaillard, Willie Walsh, Walsh, Marie Owen Thomsen, Joanna Plucinska, David Evans Organizations: Air France, REUTERS, Airlines, EU, SAF, Air Transport Association, Officials, Chicago Convention, Activists, Thomson Locations: Nice, France, ISTANBUL, Europe, Istanbul, United States, COVID
Crowds stretching for at least a mile marched with banners reading “Free, European Poland,” “European Union yes, PiS no,” referring to the governing Law and Justice (PiS) party. People march on the 34th anniversary of the first democratic elections in postwar Poland, in Warsaw on June 4, 2023. On Sunday, hundreds of buses arrived in Warsaw to bring opposition supporters from across the country. The opposition sees the legislation as a government attempt to launch a witch hunt against political opponents. “It’s beyond comprehension,” said Andrzej Majewski, 48, from Slupca in western Poland who was in Warsaw to join Sunday’s protest march
Persons: , Jaroslaw Kaczynski, I’ve, Jacek Gwozdz, Mateusz Morawiecki’s, Slawomir Kaminski, Agencja Wyborcza.pl, Donald Tusk, , Tusk, I’m, Andrzej Duda, Andrzej Majewski Organizations: Justice, Police, Kremlin, European Union council, , Solidarity, European Commission Locations: Warsaw, European Poland, , Nowy Sacz, Ukraine, Europe, Poland, it’s, United States, Slupca
"There's still discussion in Portugal how that privatisation will take place and it's not supposed to be 100 percent privatisation," Spohr told journalists at the annual meeting of the International Air Transport Association in Istanbul. At least three major global carriers, Lufthansa, Air France-KLM (AIRF.PA) and British Airways-owner IAG (ICAG.L), have shown an interest. Lufthansa said last month that it was taking a 41% stake in Italian carrier ITA Airways in the latest major consolidation in the aviation sector in Europe. "Boeing are saying it's delivery in late 24 or early 25 - which means it's early '25," Spohr said. Reporting by Joanna Plucinska and Tim Hepher; Editing by Susan FentonOur Standards: The Thomson Reuters Trust Principles.
Persons: Carsten Spohr, Joao Nuno Mendes, it's, Spohr, IAG, Joanna Plucinska, Tim Hepher, Susan Fenton Organizations: TAP, International Air Transport Association, Lufthansa, Air France, KLM, British Airways, ITA Airways, Boeing, Thomson Locations: ISTANBUL, Portugal, Istanbul, Europe
Polish opposition supporters mark 1989 Solidarity win
  + stars: | 2023-06-04 | by ( ) www.reuters.com   time to read: +4 min
[1/8] People carry Polish and European Union flags as they take part in a march on the 34th anniversary of the first democratic elections in postwar Poland, in Warsaw, Poland, June 4, 2023. Crowds stretching for at least a mile marched with banners reading "Free, European Poland", "European Union yes, PiS no", referring to the governing Law and Justice (PiS) party. Donald Tusk, head of the Civic Platform grouping and a former European Union council chief, welcomed supporters saying that the voice of Poles could not be silenced. On Sunday, hundreds of buses arrived in Warsaw to bring opposition supporters from across the country. The opposition sees the legislation as a government attempt to launch a witchhunt against political opponents.
Persons: Jaroslaw Kaczynski, I've, Jacek Gwozdz, Mateusz Morawiecki's, Donald Tusk, Tusk, I'm, Andrzej Duda, Andrzej Majewski, Marek Strzelecki, Nick Macfie, Susan Fenton, Angus MacSwan Organizations: REUTERS, Justice, Police, Law and Justice, Kremlin, European Union council, Solidarity, European Commission, Thomson Locations: Poland, Warsaw, WARSAW, Nowy Sacz, Ukraine, Europe, it's, United States, Slupca
ISTANBUL, June 4 (Reuters) - Airbus (AIR.PA) is closing towards a potentially record deal to sell 500 narrow-body A320-family jets to India's largest carrier IndiGo (INGL.NS), industry sources said on Sunday. Airbus and Boeing (BA.N) are also still competing in separate talks to sell 25 A330neo or Boeing 787 wide-body jets to the same airline, the industry sources said. IndiGo is already one of Airbus's largest customers and has so far ordered a total of 830 Airbus A320-family jets of which nearly 500 are still to be delivered. IndiGo aims to double its capacity by the end of the decade and expand its network, especially in international markets. The airline has a codeshare partnership with seven carriers including Turkish Airlines, American Airlines and KLM.
Persons: Pieter Elbers, Carsten Spohr, Elbers, Tim Hepher, Aditi Shah, Joanna Plucinska, Hugh Lawson, David Holmes, Susan Fenton Organizations: Airbus, Boeing, IndiGo, International Air Transport Association, Reuters, Turkish Airlines, Barclays, Lufthansa Group, American Airlines, KLM, Thomson Locations: ISTANBUL, Istanbul, United States, Europe
[1/2] People wait for a march organised by main opposition party the Civic Platform (PO) on the 34th anniversary of the first democratic elections in postwar Poland, in Warsaw, Poland, June 4, 2023. On Sunday, hundreds of buses were arriving in Warsaw to bring opposition supporters from across the country. Some said they were motivated by a row over legislation proposed by PiS to weed out undue Russian influence from the country. The opposition sees the legislation as a government attempt to launch a witchhunt against political opponents. "It's beyond comprehension," said Andrzej Majewski, 48, from Slupca in western Poland who was in Warsaw to join Sunday's protest march.
Persons: Mateusz Morawiecki, Donald Tusk, Tusk, Andrzej Duda, Andrzej Majewski, Marek Strzelecki, Nick Macfie, Susan Fenton Organizations: REUTERS, Law and Justice, Kremlin, European Union council, Solidarity, U.S . State Department, European Commission, Thomson Locations: Poland, Warsaw, WARSAW, Ukraine, Europe, Slupca
Referring to the opening line of the Polish national anthem, he added: “It’s over. Warsaw’s City Hall, which is controlled by political foes of the government, put the turnout at half a million. That was almost certainly an exaggeration but, even accounting for inflated numbers, the march on Sunday appeared to be the biggest antigovernment demonstration since street protests in the 1980s in support of Solidarity. TVP Info, a state-controlled news channel, reported that only 100,000 people had taken part at most and focused its minimal coverage of the march on obscenities voiced by some protesters, a tactic often used by pro-government news outlets to portray critics of Law and Justice as foul-mouthed infidels opposed to the Roman Catholic Church. As huge crowds gathered on Sunday afternoon, TVP Info led its news bulletin with a report on the “National Parade of Farmer’s Housewives’ Circles,” a modestly attended event organized by the Ministry of Agriculture.
Persons: Lech Walesa Organizations: Solidarity, Law, Justice, Communist, Roman Catholic Church, Ministry of Agriculture Locations: Poland, Warsaw’s
Polish president backpedals on law on undue Russian influence
  + stars: | 2023-06-02 | by ( ) www.reuters.com   time to read: +2 min
WARSAW, June 2 (Reuters) - Poland's President Andrzej Duda said on Friday he would propose amendments to a law on undue Russian influence he signed this week, reacting to criticism that it could result in banning opposition politicians from public office. Duda on Monday signed into law the bill proposed by the ruling party to let a panel investigate whether opposition parties allowed Poland to be unduly influenced by Russia. A spokesman for ruling nationalists Law and Justice (PiS) suggested the amendments could be acceptable for the party. "The amendment proposed by the president as a result of social pressure does not change anything. The entire law establishing this illegal kangaroo court should end up in the trash," Wladyslaw Kosiniak-Kamysz, leader of the Polish Peasants' Party (PSL), wrote on Twitter.
Persons: Andrzej Duda, Duda, Monday, PiS, Jarosław Kaczynski, Rafal Bochenek, Wladyslaw Kosiniak, Anna Wlodarczak, Andrew Cawthorne, Emelia, Angus MacSwan Organizations: WARSAW, Constitutional, U.S . State Department, European, Justice, Polish Peasants ' Party, Twitter, Thomson Locations: Poland, Russia, Polish
[1/2] Alexei Baranovsky, spokesperson for the political wing of the Freedom of Russia Legion, speaks during an interview with Reuters in Warsaw, Poland June 1, 2023. REUTERS/Kuba StezyckiJune 2 (Reuters) - A group of pro-Ukrainian forces said on Friday they were fighting Russian troops on the outskirts of a village just inside Russia's western border, a day after Moscow said it had repelled three cross-border attacks. "We have active fighting on the outskirts of the village of Novaya Tavolzhanka (in Belgorod region). Unfortunately, there are wounded legionnaires, but freedom is won through blood," the Freedom of Russia Legion said in a statement. "One of our tactical aims is to draw Russian troops from other parts of the Ukrainian front," he said in an interview in Warsaw on Thursday.
Persons: Alexei Baranovsky, Kuba, Vladimir Putin's, Tom Balmforth, Agnieszka Pikulicka, Timothy Heritage, Philippa Fletcher Organizations: of Russia Legion, Reuters, REUTERS, Russian, Russian Volunteer Corps, Russia Legion, Renault, Thomson Locations: Warsaw, Poland, Russian, Moscow, Russia's, Belgorod, Ukraine, Novaya Tavolzhanka, Belgorod region, Russia, Russia's Belgorod, Ukrainian
BEIJING, June 2 (Reuters) - The Chinese envoy who toured European capitals last month seeking to promote Ukraine peace talks said on Friday that Beijing is considering another mission, after acknowledging that his trip may not produce immediate results. "China is willing to actively consider sending another delegation to relevant countries to engage in dialogue on resolving the Ukraine crisis," said Li, without elaborating on which countries. "As long as it's conducive to easing the situation, China is willing to do anything," he said. Earlier this year, China published a 12-point peace plan, calling for the protection of civilians and the sovereignty of all countries be respected. "I don't think we expect China to be a mediator, but it can use its influence on Russia and can help make it understand."
Persons: Li Hui, Li, Laurie Chen, Liz Lee, Ethan Wang, John Irish, Alexander Ratz, Robert Birsel, David Holmes Organizations: Thomson Locations: BEIJING, Ukraine, Beijing, Russia, Moscow, China, Kyiv, Warsaw, Paris, Berlin, Brussels, United States, Europe
Dollar sags as chances grow for Fed 'skip,' debt bill passes
  + stars: | 2023-06-02 | by ( ) www.cnbc.com   time to read: +2 min
Hundred dollar bills are seen in this photo illustraiton in Warsaw, Poland on Sept. 21, 2022. The Australian dollar surged after an increase in the minimum wage stoked bets for the central bank to raise rates again next week. The dollar index, which measures the U.S. currency against six others, has dropped nearly 0.8% this week, its biggest weekly loss since mid-January. Money markets are pricing in a roughly 29% chance of a hike, down from near 70% earlier in the week. The dollar was last up slightly at 138.74 yen.
Persons: Fiona Cincotta, let's, Patrick Harker, Philip Jefferson Organizations: Federal Reserve, Australian, City Index, Philadelphia Fed Locations: Warsaw, Poland, U.S, City
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