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Climate change drove heat in the city to a record-breaking 48C (118F) in 2016. While traditional insurance can take months to pay, with so-called "parametric" insurance there is no need to prove losses. At annual climate talks in Egypt last year, nonprofits urged richer nations to help finance parametric insurance as a way of compensating victims of worsening weather extremes. At the moment, insurance schemes in the developing world are largely subsidized by nonprofit groups, national governments, or wealthy countries. Insurance payouts allow them to buy things like gloves to protect their hands from scorching hot metal tools, or fans to stay cool and avoid heat exhaustion.

☆ CPI Report Today: Dow Futures Edge Down Ahead of Inflation Data
▼ + stars: | 2023-05-10 | by ( ) www.wsj.com time to read: +1 min

Stock futures edged lower ahead of inflation data that will help determine whether the Federal Reserve keeps raising interest rates or pauses next month. ET, are expected to show annual consumer-price inflation stuck at 5% in April, while core inflation slowed slightly to 5.4% from 5.6%. S&P 500, Dow industrials and Nasdaq-100 futures were down 0.2% or more. Regional bank stocks slipped. Brent-crude futures fell 1.6% to $76.21 a barrel.

☆ A stock trader who's returned 2,700% in the last 3 years shares the 3 indicators he uses as his guides to buy and sell
▼ + stars: | 2023-04-08 | by ( Laila Maidan | ) www.businessinsider.com time to read: +9 min

He notes the price points on limit orders from the level 2 data table. But all of the education couldn't have prepared him for the stress of being a stock trader who couldn't afford to lose on his bets. It shows limit orders that have been placed at certain price points. Price points with large order sizes on the "bids" could indicate that there is potential support in that area. Since other traders also review this table, it could become a self-fulfilling prophecy by which many traders act on these price points.

☆ Russia's Ozon reports 55% jump in 2022 revenue
▼ + stars: | 2023-04-06 | by ( ) www.reuters.com time to read: +1 min

MOSCOW, April 6 (Reuters) - Russian online retailer Ozon (OZON.O) on Thursday said its 2022 revenue jumped 55% to 277.1 billion roubles ($3.4 billion) but costs related to a major fire a fulfilment centre pushed it to a larger annual loss. Ozon's gross merchandise value (GMV) - the total value of goods and services sold by the platform - jumped 86% to 832.2 billion roubles ($10.30 billion), the unaudited financial results showed. Losses rose 2% to 58.2 billion roubles. For the fourth quarter of 2022, Ozon's GMV was up 67% at 296 billion roubles and losses shrank by 46% to 11.2 billion roubles compared to the same period of 2021, Ozon said. Revenue was up 41% year-on-year during the three months to 93.6 billion roubles.

☆ Fire at Indonesia's Pertamina fuel storage station kills 17
▼ + stars: | 2023-03-03 | by ( Yuddy Cahya Budiman | ) www.reuters.com time to read: +3 min

[1/5] Firefighters try to extinguish a fire at a fuel storage station operated by Indonesia's state energy company Pertamina, in Jakarta, Indonesia, March 3, 2023. REUTERS/Willy KurniawanCompanies Pertamina (Persero) PT FollowJAKARTA, March 3 (Reuters) - At least 17 people were killed when a fire broke out on Friday at a fuel storage station operated by Indonesia's state energy company Pertamina (PERTM.UL) in the capital Jakarta, an official at the city's main firefighting unit said. A Pertamina spokesperson said late on Friday that the fire had been extinguished at about 10.30 p.m.Fire was still seen around residents' houses after that, a firefighting station official said on the unit's Instagram account. Near the storage station, residents crowded the area while firefighters carried orange body bags from the fire. The fuel station has a capacity of over 300,000 kilo-litres, according to the country's energy ministry.

☆ Britain's Tesco raises store workers pay by 7%
▼ + stars: | 2023-02-20 | by ( ) www.reuters.com time to read: +1 min

LONDON, Feb 20 (Reuters) - Tesco, Britain's biggest retailer, will raise the hourly pay rate for store workers by 7% from April, another increase that will likely catch the attention of the Bank of England, which is worried about inflationary pressure in the economy. The supermarket group, one of the country's largest private sector employers, said store workers will get 11.02 pounds ($13.25) an hour from April 2, up from 10.30 pounds currently. Tesco (TSCO.L) said the increase, a third in ten months, will cost it over 230 million pounds. 3 supermarket chain, announced a 10% pay rise for its staff. ($1 = 0.8315 pounds)Reporting by James Davey, Editing by Kylie MacLellanOur Standards: The Thomson Reuters Trust Principles.

☆ Ericsson shares slide as fourth-quarter earnings disappoint
▼ + stars: | 2023-01-20 | by ( Supantha Mukherjee | ) www.reuters.com time to read: +3 min

The company has already announced plans to cut costs by 9 billion crowns ($880 million) by the end of 2023. The company's net sales rose in the fourth quarter, but margins, net income and core earnings fell. The company's fourth-quarter adjusted operating earnings, excluding restructuring charges, fell to 9.3 billion Swedish crowns from 12.8 billion a year earlier. Net sales rose 21% to 86 billion crowns, beating estimates of 84.2 billion. A settlement of a patent deal with Apple (AAPL.O) last month resulted in revenue of 6 billion crowns, but Ericsson also took 4 billion crowns in charges, including a provision for a potential fine from U.S. regulators and divestments.

☆ Ericsson earnings miss as slowing U.S. market hits margins
▼ + stars: | 2023-01-20 | by ( Supantha Mukherjee | ) www.reuters.com time to read: +2 min

It has also announced plans to cut costs by 9 billion crowns ($880 million) by the end of 2023. Ericsson expects a margin fall seen in its Networks business to persist through the first half of 2023 but the effect of cost savings to emerge in the second quarter. The company's fourth-quarter adjusted operating earnings excluding restructuring charges fell to 9.3 billion Swedish crowns ($902 million) from 12.8 billion a year earlier. Net sales rose 21% to 86 billion crowns, beating estimates of 84.2 billion. A settlement of a patent deal with Apple (AAPL.O) last month resulted in revenue of 6 billion crowns, but Ericsson also took 4 billion crowns in charges, including a provision for a potential fine from U.S. regulators and divestments.

☆ Oil steady as clarity on Fed rate hike awaited
▼ + stars: | 2023-01-10 | by ( Arathy Somasekhar | ) www.reuters.com time to read: +2 min

Jan 10 (Reuters) - Oil prices were little changed on Tuesday, giving up some of the gains from the previous session, as traders awaited clarity on the Federal Reserve's plans for rate hikes to gauge the impact on the economy and fuel demand. U.S. crude fell 5 cents, or 0.07%, to $74.58 per barrel. The dollar index rose 0.1% after hitting a seven-month low in the previous session. U.S. crude oil stockpiles likely fell 2.4 million barrels, with distillate inventories also seen slightly down, a preliminary Reuters poll showed on Monday. Industry group American Petroleum Institute is due to release data on U.S. crude inventories at 4.30 p.m. EDT (2030 GMT) on Tuesday.

☆ As Constellation's shares fall on weak earnings, we see a buying opportunity
▼ + stars: | 2023-01-05 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Excluding equity losses from Constellation's stake in cannabis company Canopy , adjusted earnings came in at $3.01 per share. Company results Beer sales of $1.89 billion, up 8% year-over-year, were better than analysts' expectations of $1.82 billion. Meanwhile, wine-and-spirits front sales came in at $544.6 million, a decrease of 4% year-over-year and below analysts' expectations of $565 million. Assumed in this guidance are beer sales growth of 9% to 10% and operating income growth of 4% to 5%. Additionally, operating cash flow is still expected to come in between $2.6 billion and $2.8 billion.

☆ Entrepreneurs, Small Business Owners in US, UK Paying Virtual Assistants $2.50 Per Hour
▼ + stars: | 2023-01-05 | by ( Aimee Pearcy | ) www.businessinsider.com time to read: +12 min

Virtual assistants help small-business owners with tasks like entering data, managing email, answering calls, creating client invoices, handling live chat support, and bolstering social-media engagement. Other virtual assistants aren't as fortunate. Since Jonas launched OnlineJobs.ph in 2009, he said, it has become a leading platform for Filipino virtual assistants, with over 2 million profiles offering services. Paying virtual assistants similar rates, regardless of whether they're also in a Western country, is an obvious solution. "Virtual assistants work with a client constantly.

The Chinese government increased export quotas for refined oil products in the first batch for 2023, signalling expectations of poor domestic demand. read more"The market remains worried about the impact of macro factors such as the economic downward pressure," said analysts from Haitong Futures. Lending oil some support, the dollar weakened on Wednesday after posting big gains in the previous session. A weaker dollar typically boosts demand for oil as dollar-denominated commodities become cheaper for holders of other currencies. U.S. crude oil stockpiles likely rose 2.2 million barrels, with distillate inventories also seen down, a preliminary Reuters poll showed on Monday.

☆ Oil prices rise on hopes for China demand boost
▼ + stars: | 2022-12-28 | by ( ) www.cnbc.com time to read: +1 min

Oil prices climbed on Wednesday as markets were optimistic about fuel demand recovery as China continues to ease its Covid restrictions. Brent futures for February delivery rose 31 cents to $84.64 a barrel, a 0.4% gain, by 0117 GMT. Meanwhile U.S. crude oil stockpiles likely fell 1.6 million barrels with distillate inventories also seen down, a preliminary Reuters poll showed on Monday. Industry group American Petroleum Institute is due to release data on U.S. crude inventories at 4.30 p.m. EDT (2030 GMT) on Wednesday. The Energy Information Administration, the statistical arm of the U.S. Department of Energy, will release its own figures at 10.30 a.m. (1430 GMT) on Thursday.

☆ University of Virginia Student Suspected of Killing Three in Campus Shooting
▼ + stars: | 2022-11-14 | by ( Joanna Sugden | ) www.wsj.com time to read: 1 min

Shots were reported by the university authorities just after 10.30 p.m. ET on Sunday on the University of Virginia’s Charlottesville campus. A University of Virginia student is suspected of killing three people and injuring two others in a shooting on the university’s campus, the university’s police department said early Monday. The suspect is still at large, officials said. The university named the suspected shooter as UVA student Chris Darnell Jones Jr., whom it said may be driving a black sport-utility vehicle and is described as armed and dangerous.

☆ Dollar advances ahead of inflation data; cryptos crumble
▼ + stars: | 2022-11-10 | by ( Rae Wee | Rocky Swift | ) www.reuters.com time to read: +3 min

SINGAPORE, Nov 10 (Reuters) - The dollar regained its footing on Thursday ahead of key U.S. inflation data due later in the day, while cryptocurrencies were fragile after a bailout deal for exchange FTX by its bigger rival Binance collapsed. The euro hobbled just above parity at $1.0016, some distance from its near-two-month high hit earlier in the week. Against a basket of currencies, the U.S. dollar index was firm at 110.30, after rising nearly 0.8% overnight. Just a day earlier, crypto giant Binance had signed a nonbinding agreement to buy FTX's non-U.S. unit to help cover a "liquidity crunch". "I do think there's been a bit of contagion from what's been going on in crypto to the broader markets ....

☆ Exclusive: Thousands of workers evicted in Qatar's capital ahead of World Cup
▼ + stars: | 2022-10-28 | by ( Andrew Mills | ) www.reuters.com time to read: +5 min

World soccer's governing body FIFA did not respond to a request for comment and Qatar's World Cup organisers directed inquiries to the government. "DELIBERATE GHETTO-ISATION"Around 85% of Qatar's three million population are foreign workers. Most were in neighbourhoods where the government has rented buildings for World Cup fan accommodation. He said labourers who built up the infrastructure for Qatar to host the World Cup were being pushed aside as the tournament approaches. (This story has been refiled to clarify that apartment blocks being emptied are in the same areas in Doha where visiting soccer fans will stay during World Cup, in the lead paragraph.)

☆ 3M warns of weak consumer spending, cuts full-year forecast
▼ + stars: | 2022-10-25 | by ( Kannaki Deka | ) www.reuters.com time to read: +2 min

Oct 25 (Reuters) - Post-it maker 3M Co (MMM.N) said on Tuesday it expected weak consumer spending to continue into the upcoming holiday season and cut its full-year forecasts, echoing broader concerns of an uncertain economic environment. "Consumer spending continues to be weak," 3M Chief Financial Officer Monish Patolawala said on a post-earnings call with analysts. That cut in spending has also impacted 3M, which makes equipment such as electronic accessories and power cable connectors. The diversified manufacturer, which gets 60 percent of its revenue from outside the United States, cut its full-year revenue and profit forecasts earlier on Tuesday, while also citing ongoing macroeconomic and geopolitical uncertainty. 3M reported third-quarter revenue of $8.62 billion, missing the average analyst estimate of $8.70 billion, according to Refinitiv data.

☆ 3M lowers full-year forecast on dollar impact
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +1 min

Oct 25 (Reuters) - Industrial conglomerate 3M Co (MMM.N) on Tuesday cut its full-year revenue and profit forecast, expecting to take a hit from rising inflation and shrinking overseas earnings due to a stronger dollar. The surging U.S. dollar is likely to weigh on overseas earnings of the company, which operates in more than 70 countries and derives about 60 percent of its revenues from outside the United States. The company now expects full-year revenue growth to fall between 3.5 and 3%, down from its previous forecast of 2.5 to 0.5%. 3M forecast adjusted earnings per share between $10.10 and $10.35 for the year, down from its previous guidance of $10.30 to $10.80. Register now for FREE unlimited access to Reuters.com RegisterReporting by Kannaki Deka in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

☆ What Cramer is watching Tuesday — UPS and Halliburton beat, Meta catches price cuts
▼ + stars: | 2022-10-25 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

What I am looking at Oct. 25, 2022 Delivery service UPS beats — Q3 adjusted EPS of $2.99 versus consensus $2.85 — but only reaffirms guidance. Club holding Meta Platforms (META) gets two more price cuts: KeyBanc lowers to $175 from $196, Jefferies cuts to $200 from $225. (Jim Cramer's Charitable Trust is long HAL, META, STZ. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. A United Parcel Service (UPS) truck delivers boxes in Manhattan on April 26, 2022 in New York City.

☆ Gold set for second weekly fall as Fed hawks lift Treasury yields
▼ + stars: | 2022-10-21 | by ( ) www.cnbc.com time to read: +1 min

Customers look at the display window of a store at the gold market in Dubai, one of the busiest jewellery markets in the Middle East. Gold prices on Friday were set for a second weekly decline as U.S. Treasury yields held near multi-year highs following strong labor market data and hawkish comments from Federal Reserve officials, dampening the appeal for zero-yield bullion. The benchmark 10-year Treasury yields held near a fresh 14-year peak hit on Thursday while the dollar index ticked 0.1% higher. A separate data showed U.S. existing home sales dropped for an eighth straight month in September. Spot silver eased 0.2% to $18.63 per ounce, platinum fell 0.4% to $910.30 and palladium dropped 1.4% to $2,028.43.

☆ Nasdaq registers lowest close since July 2020; chips stocks fall
▼ + stars: | 2022-10-10 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

People are worried about a possible recession," said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. Analyst now expect year-over-year earnings for S&P 500 companies to have risen 4.1% in the quarter, compared with an increase of 11.1% expected at the beginning of July, according to IBES data from Refinitiv. S&P 500 technology (.SPLRCT) led sector declines along with energy (.SPNY). Declining issues outnumbered advancing ones on the NYSE by a 2.43-to-1 ratio; on Nasdaq, a 1.79-to-1 ratio favored decliners. The S&P 500 posted 1 new 52-week highs and 73 new lows; the Nasdaq Composite recorded 58 new highs and 461 new lows.

☆ U.S. Stocks Fall as Nasdaq Hits Lowest Level in Over Two Years
▼ + stars: | 2022-10-10 | by ( Anna Hirtenstein | Eric Wallerstein | ) www.wsj.com time to read: 1 min

U.S. stocks fell Monday, continuing a stretch of volatility as concerns about Federal Reserve tightening, escalation in the Ukraine war, and China-trade policy shake markets. The S&P 500 turned lower after opening with slight gains, shedding 27.27 points, or 0.7%, to close at 3612.39. The Dow Jones Industrial Average edged down 93.91 points, or 0.3%, to 29202.88, while the Nasdaq Composite fell 110.30 points, or 1%, to 10542.10.

Digital World's shares rallied as much as 1,650% that month, making it the most valuable SPAC of all time. 'HURTS REALLY, REALLY, BADLY'The deal's woes have rattled Trump's supporters who bought into Digital World because of him. When it still fell short, Digital World delayed the vote again, first until later that day and then to Oct. 10. It is unclear how many investors will do so and whether Digital World will seek new investors to replace them. They got about 40% of Digital World shareholders to vote in favor of the extension, sources told Reuters at the time.

☆ Trump-linked SPAC lacks votes to delay merger, adjourns shareholder meeting until October
▼ + stars: | 2022-09-08 | by ( Jack Stebbins | ) www.cnbc.com time to read: +2 min

This illustration photo shows Donald Trump's new social media app Truth Social, glitching on a smartphone in Los Angeles, February 21, 2022. Digital World Acquisition Corp ., the SPAC aiming to take former President Donald Trump's media company public, adjourned its shareholder meeting until Oct. 10 to allow voting to continue on delaying the merger. DWAC had already twice adjourned the meeting earlier in the day after previously adjourning it Tuesday. Trump Media owns Truth Social, which was founded by the former president after he was banned from Twitter following the Jan. 6, 2021, Capitol riot. Digital World had previously warned that the vote's failure could result in the SPAC's liquidation.

☆ (ВИДЕО) Мощный оползень в Японии. Здания ушли под землю, около 20 человек числятся пропавшими без вести
▼ + stars: | 2021-07-03 | by ( ) nokta.md time to read: +1 min

В результате мощного оползня в японском Атами (префектура Сидзуока) порядка 20 человек числятся пропавшими без вести. На поступивших с места событий телевизионных кадрах видно, как потоки грунта и пород сметают здания и погребают под собой отдельные строения. pic.twitter.com/iQlrkqqNYx — PM Breaking News (@PMBreakingNews) July 3, 2021По словам свидетеля произошедшего, служителя одного из местных храмов, «спасатели призывали людей эвакуироваться». Премьер-министр Японии Ёсихидэ Суга до конца дня проведет встречу с членами кабмина, в ходе которой обсудит последствия стихийного бедствия и стратегии их преодоления, передает DW. В соседней с Токио префектуре — Канагава около 200 тысяч человек получили рекомендации эвакуироваться из-за опасности подтоплений и оползней.

Persons: iQlrkqqNYx, nokta, Есихидэ Суга Organizations: NHK, Tokyo Electric Power Locations: Atami, Japan, AFP, Атами, Сидзуока, Япония, Токио, Канагава, Атами приморский курортный город

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