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☆ Tough coalition talks ahead after far right’s Dutch election win
▼ + stars: | 2023-11-22 | by ( Bart Meijer Tosterling | Bart Meijer | ) www.reuters.com time to read: +4 min

REUTERS/Yves Herman Acquire Licensing RightsAMSTERDAM, Nov 22 (Reuters) - With the Dutch election over, attention will now turn toward forming a new government. Coalition building in the fractured Dutch political landscape always takes months, and this time will likely be no exception. Wilder has also in the past said he wanted to quit the European Union and close Dutch borders. BROAD MAJORITY COALITIONYesilgoz has other options if talks to form a hard-right coalition fail. A broad coalition would be more willing to invest in the energy transition than a right-wing government would be.

Persons: Geert Wilders, Yves Herman Acquire, Mark Rutte's, Dilan Yesilgoz, Pieter Omtzigt, Wilders, Wilder, Frans Timmermans, Yesilgoz, Omtzigt, Rutte's, Bart Meijer Organizations: REUTERS, Rights, Coalition, Party, European Union, Labour, Israel, NSC, Thomson Locations: The Hague, Netherlands, Ukraine

☆ EU fiscal pact ignores green elephant in the room
▼ + stars: | 2023-11-21 | by ( Lisa Jucca | ) www.reuters.com time to read: +8 min

REUTERS/Henry Nicholls Acquire Licensing RightsMILAN, Nov 21 (Reuters Breakingviews) - The European Union’s troubled fiscal pact, once branded as "stupid" by former European Commission President Romano Prodi, has reached its sell-by date. Average EU debt has been consistently above the 60% target. NEW COURSEThe proposed revamp of the fiscal pact, now under discussion, is an improvement. BRAVE NEW DEBT WORLDFor all of Brussels’ reforming zeal, Europe’s future debt rules ignore a giant elephant in the room: climate change. Another option is to remove green investments from the fiscal rules’ deficit calculations.

Persons: Henry Nicholls, Romano Prodi, Christian Lindner, Giorgia Meloni, Breakingviews, Bruno Le Maire, Olaf Scholz’s, Mario Draghi, Francesco Guerrera, Thomas Shum Organizations: Trust, REUTERS, Reuters, European, Reuters Graphics Reuters, European Commission, French Finance, EU, Intel, European Central Bank, Italian, Union, Thomson Locations: Green Park, London, Britain, Maastricht Treaty, Germany, it's, Italy, Greece, Brussels, EU, United States, Spain, Europe

VOORBURG, Netherlands (AP) — Cans of fish, jars of pasta sauce and bags of beans are stacked in blue crates. Meat, dairy and bread are kept cold in a huge freezer and a walk-in refrigerator in this affluent Dutch town. “There is a long list of things we need to do to challenge that cost-of-living crisis,” he told reporters at a campaign event. That shot up to 250 as a cost-of-living crisis swept across the world and did not spare the wealthy Netherlands. The Leidschendam-Voorburg food bank Kuipers oversees estimates that the true number of people eligible for food aid could be two to three times higher.

Persons: ”, Rob Kuipers, Maurice Crul, Pieter Omtzigt, Mark Rutte —, “, Frans Timmermans, Kuipers Organizations: Vrije Universiteit Amsterdam, Democrat, People’s Party for Freedom and Democracy, Union, . Locations: Netherlands, Leidschendam, The Hague

☆ Xi-Biden meeting in San Francisco is a baby step in the right direction, EU Chamber of Commerce's Wuttke says
▼ + stars: | 2023-11-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailXi-Biden meeting in San Francisco is a baby step in the right direction, EU Chamber of Commerce's Wuttke saysFormer European Union Chamber of Commerce President Joerg Wuttke discusses the Chinese economy and foreign relations on the sidelines of the UBS conference in London.

Persons: Biden, Commerce's Wuttke, Joerg Wuttke Organizations: Xi, EU, European Union Chamber of, UBS Locations: San Francisco, London

☆ Amsterdam Marchers Demand Climate Action as Dutch Election Nears
▼ + stars: | 2023-11-12 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +1 min

By Toby SterlingAMSTERDAM (Reuters) - Tens of thousands of protesters marched through Amsterdam on Sunday demanding immediate action against climate change, 10 days before the country holds a general election. Local police said around 70,000 people joined the march, including climate activist Greta Thunberg and former EU climate chief Frans Timmermans, who will lead the combined Labour and Green parties at the upcoming election. Try living on Mars", marched 3.5 kilometres (2.2 miles) through Amsterdam singing, chanting and blowing whistles. Climate issues in general rank lower on most people's priority lists, recent opinion polls have shown. Timmermans' coalition has made tackling climate change one of its main issues and is currently polling in third place, behind two conservative parties who put more emphasis on the need to limit migration.

Persons: Toby Sterling AMSTERDAM, Greta Thunberg, Frans Timmermans, Anouk Mul, Timmermans, Bart Meijer, Hugh Lawson Organizations: Local, Labour, Green, Reuters, Protesters, Police Locations: Amsterdam, Netherlands

☆ Amsterdam marchers demand climate action as Dutch election nears
▼ + stars: | 2023-11-12 | by ( ) www.reuters.com time to read: +2 min

[1/3] The leading candidate of the Dutch Labour Party, Frans Timmermans attends The March for Climate and Justice to demand political change before the elections in Amsterdam, Netherlands, November 12 2023. REUTERS/Piroschka van de Wouw Acquire Licensing RightsAMSTERDAM, Nov 12 (Reuters) - Tens of thousands of protesters marched through Amsterdam on Sunday demanding immediate action against climate change, 10 days before the country holds a general election. Local police said around 70,000 people joined the march, including climate activist Greta Thunberg and former EU climate chief Frans Timmermans, who will lead the combined Labour and Green parties at the upcoming election. Organisers said the turnout was the largest ever at a climate protest in the Netherlands. Try living on Mars", marched 3.5 kilometres (2.2 miles) through Amsterdam singing, chanting and blowing whistles.

Persons: Frans Timmermans, de Wouw, Greta Thunberg, Anouk Mul, Timmermans, Bart Meijer, Hugh Lawson Organizations: Dutch Labour Party, Climate, REUTERS, Rights, Local, Labour, Green, Reuters, Protesters, Police, Thomson Locations: Amsterdam, Netherlands

☆ Liverpool thump Toulouse 5-1, Brighton earn first European win
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +4 min

The rest of the match belonged to Liverpool as Wataru Endo headed them back in front just past the half-hour mark. That goal took the Egyptian's tally to 43 for Liverpool in major European competitions, a record for any player at an English club. Liverpool top the group by five points over Union Saint Gilloise and Toulouse, who both have four points. BRIGHTON ROCKBrighton achieved a European milestone by beating Ajax and reigniting their chances of reaching the knockout stages. They are now level on four points with second-placed AEK Athens in Group B, a point behind Olympique de Marseille.

Persons: Diogo Jota, Wataru Endo, Darwin Nunez, Nunez, Ryan Gravenberch, Mohamed Salah, LASK, Cameron Puertas, Christian Burgess, Joao Pedro, Diant Ramaj, Ansu Fati, Maurice Steijn, Kostas Fortounis, Rodinei's, Angelo Ogbonna, Angelo Ogbonna . West Ham, Lucas Paqueta's, Edoardo Bove, Romelu Lukaku, Jose Mourinho's, Alejandro Grimaldo, Stade Rennais, Arnaud Kalimuendo, Tommy Lund, Ken Ferris Organizations: Liverpool, Brighton, Ajax, Olympiakos, West, Marseille, Leverkusen, Rennes, LIVERPOOL, Toulouse, Europa League, Brighton & Hove Albion, Ajax Amsterdam, Union Saint Gilloise, Union, BRIGHTON ROCK Brighton, AEK Athens, Olympique de Marseille, AEK, Seagulls, Olympiakos Piraeus, Europa Conference League, West Ham United, Freiburg, Backa Topla, AS Roma, Slavia Prague, Slavia, Bayer Leverkusen thumped Qarabag, Stade, Panathinaikos, Villarreal, Maccabi Haifa, Thomson Locations: Roma, England, Anfield, Brighton, Liverpool, Toulouse, Europe, Angelo Ogbonna . West, Gdansk

☆ Ukraine ally Poland is moving to the political center. And that's bad news for Russia's Putin
▼ + stars: | 2023-10-20 | by ( Jenni Reid | ) www.cnbc.com time to read: +6 min

It has taken in more than a million refugees from its close ally Ukraine since the start of the war, with many more millions passing through it. Its relations with Ukraine have soured in recent months, partly because of a dispute over the impact of Ukrainian grain imports on local farmers. Tian also expects the result to "reposition Poland as a staunch supporter of Ukraine" and for Tusk to push for EU accession for Ukraine. "The big thing to bear in mind when looking at Poland and Ukraine is they have an overarching strategic common interest [challenging Russian aggression], and this supersedes everything. So it will be difficult to restore relations to how they were in the first 18 months of the war, regardless of what Poland does."

Persons: Donald Tusk, Donald Tusk —, —, Jaroslaw Kaczynski, Tusk, Tian, Aleks Szczerbiak, Szczerbiak Organizations: Civic, Getty, EU, Justice, CNBC, NATO, World Trade Organization, Law, Nurphoto, European, Economist Intelligence Unit, University of Sussex, Confederation, Soviet, Russia Locations: Warsaw, Moscow, Ukraine, Europe, Russia, China, India, Poland, Warsaw's, Krakow, Central Europe, Hungary, Slovakia, Berlin

☆ Clean energy fans should not expect too much from pro-EU Poland
▼ + stars: | 2023-10-17 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +7 min

Indeed, the pace of Poland's clean energy supply growth may more often undershoot expectations than exceed them over the near term, even with a significant swing in political power. POWER SYSTEM CHANGES ALREADY UNDERWAYA major reason for climate trackers to expect only modest shifts in clean energy policies and momentum going forward is that Poland's energy system has already substantially cleaned up its electricity generation mix in recent years. Between 2018 and 2022, Poland's electricity producers boosted clean electricity supply capacity by over 150% so that clean sources now account for roughly 40% of total electricity capacity, up from 20% in 2018, data from think tank Ember shows. BACKLOGS BREWINGEmerging problems linking new clean generation assets with Poland's electric grid are a key reason why clean power growth may slow going forward. Pushing power costs lower may even trump plans to further clean up the power generation system, which may only add to power generation costs over the near term despite resulting in lower emissions in the long run.

Persons: Donald Tusk, Donald Tusk's, Gavin Maguire, Sonali Paul Organizations: European Union Civic Coalition, European, Poland's Institute, Reuters, Thomson Locations: LITTLETON , Colorado, Poland, Germany, Ukraine, Europe, LSEG, Western Europe

Donald Tusk, leader of the largest opposition grouping Civic Coalition (KO), speaks after the exit poll results are announced in Warsaw, Poland, October 15, 2023. The incumbent Law and Justice (PiS) party has repeatedly clashed with the European Union over the rule of law, media freedom, migration and LGBT rights since it swept to power in 2015. An Ipsos exit poll published early on Monday gave PiS 36.6% of the vote, which would translate into 198 lawmakers in the 460-seat lower house of parliament. On Monday, Duda urged patience until the full election results were known. However, with the far-right Confederation seen winning just 6.4%, below expectations, according to the exit poll, PiS will struggle to forge a new government.

Persons: Donald Tusk, Kacper, Donald Tusk's, Tusk, Lee Hardman, Andrzej Duda, Duda, PiS, Wladyslaw Kosiniak, Kamysz, beholden, Iga Frackiewicz, Lidia Kelly, Alan Charlish, Gareth Jones Organizations: Civic Coalition, REUTERS, EU, Justice, European Union, European, Polish Peasants ' Party, Thomson Locations: Warsaw, Poland, WARSAW, Brussels, Europe, Polish, Wrocław, Gdansk, Melbourne

Partial results with two-thirds of the voting districts reporting their results also showed the opposition parties with a clear lead. The earlier results tend to come from rural areas and small towns, with large cities where opposition parties do better reporting their results later. The Ipsos poll showed that three centrist opposition parties that campaigned on a promise to reverse the illiberal drift of the government had together secured 249 seats in the 460-seat lower house of parliament, or Sejm, a clear majority. “No matter how you look at it, we won,” Law and Justice campaign manager Joachim Brudziński said Monday in an interview on RMF FM radio. Even if the opposition parties take power, they will face difficulties in putting forward their agenda.

Persons: Ipsos, Viktor Orbán, Robert Fico, “, Magdalena Chmieluk, ”, Douglas Wake, Jacek Kucharczyk, ” Kucharczyk, Mateusz Morawiecki, Joachim Brudziński, Andrzej Duda, Duda, haven't, Kamysz, Donald Tusk, Tusk, Elżbieta, Cezary Tomczyk, ” Tomczyk, Kucharczyk, Pietro De Cristofaro, Kwiyeon, Raf Casert Organizations: European Union, Law, Justice, Russia's, Organization for Security, Cooperation, Institute of Public Affairs, Associated Press, ”, RMF, Third Way, Civic Coalition, European, Third, EU Locations: WARSAW, Poland, Poland's, Ukraine, Wroclaw, EU, Brussels, Berlin, Hungary, Russia, Slovakia, Europe, Warsaw, Rome, Belarus

☆ Analysis: EUphoria! Poland election surprise spurs investor hope
▼ + stars: | 2023-10-16 | by ( Marc Jones | ) www.reuters.com time to read: +4 min

Donald Tusk, leader of the largest opposition grouping Civic Coalition (KO), delivers a speech after the exit poll results are announced in Warsaw, Poland, October 15, 2023. As Europe’s sixth-largest economy, a revitalised pro-EU attitude in Poland would be particularly welcome. The 66-year old Tusk and his pro-EU coalition allies may still have to wait weeks or even months though before getting a turn at forming a government. Duda has referred the issue at the heart of that row to a constitutional tribunal in Poland. The central bank though has slashed interest rates at its last two meetings as the election campaign burst into life.

Persons: Donald Tusk, Kacper, Poland's, Daniel Moreno, Mirabaud, PiS, Moreno, Hungary's Viktor Orban, Robert Fico, Tusk, Andrzej Duda, Duda, Viktor Szabo, Fitch, Szabo, Adam Glapinski, PiS ., Simon Quijano, Evans, Libby George, Karin Strohecker, Josie Kao Organizations: Civic Coalition, REUTERS, European Union, Law and Justice, European, EU, Brussels, PiS, Gemcorp, Ukraine, Reuters, Thomson Locations: Warsaw, Poland, Brussels, Europe, EU, Slovakia, Britain, London

Donald Tusk, leader of the largest opposition grouping Civic Coalition (KO), speaks after the exit poll results are announced in Warsaw, Poland, October 15, 2023. A late Ipsos exit poll published early on Monday gave PiS 36.6% of the vote, which would translate into 198 lawmakers in the 460-seat lower house of parliament. RECORD TURNOUTThe late exit poll had been delayed, and some commentators linked this to a record turnout of nearly 73%, the highest since the fall of communism in 1989. Tusk, 66, was jubilant following the announcement of the first exit poll results on Sunday. This is the end of the PiS government," he told party members.

Persons: Donald Tusk, Kacper, Tusk, Donald Tusk's, Cezary Tomczyk, Andrzej Duda, Duda, Mateusz Morawiecki, Joachim Brudzinski, Brudzinski, Wladysław Kosiniak, Jaroslaw Kaczynski, Lidia Kelly, Alan Charlish, Shri Navaratnam, Gareth Jones Organizations: Civic Coalition, REUTERS, EU WARSAW, European Union, Law, Justice, European, EU, TVN, Polish Peasants's Party, Local, Democracy, Thomson Locations: Warsaw, Poland, Brussels, Europe, Wrocław, Gdansk, Melbourne

☆ Poland holds high-stakes election amid rows over democratic rule
▼ + stars: | 2023-10-15 | by ( Justyna Pawlak | ) www.reuters.com time to read: +4 min

[1/2] Robert Biedron, Wlodzimierz Czarzasty, Anna Maria Zukowska, Joanna Scheuring-Wielgus, Adrian Zandberg and Magdalena Biejat of the New Left (Nowa Lewica) alliance gesture during the final day of campaigning for the parliamentary elections in Warsaw, Poland, October 13, 2023. Opinion polls suggest PiS will come out ahead but could lose its majority amid intensifying discontent over its democratic record, which has cost Poland billions of euros in EU aid, and concerns over women's rights and the cost of living. "This election will show whether Poland will be governed by Poles, or by Berlin or Brussels," PiS leader Jaroslaw Kaczynski told supporters at the party's last campaign rally on Friday. It has built its support on generous social handouts, which it says rival parties will stop. Tusk says his party would maintain social support.

Persons: Robert Biedron, Wlodzimierz Czarzasty, Anna Maria Zukowska, Joanna Scheuring, Adrian Zandberg, Magdalena Biejat, PiS, Jaroslaw Kaczynski, Donald Tusk, Tusk, Rafal Trzaskowski, Pawel Florkiewicz, Giles Elgood Organizations: New, Law and Justice, European Union, EU, NATO, liberal Civic Coalition, European, Warsaw, Confederation, JPMorgan, Thomson Locations: Warsaw, Poland, Slawomir, WARSAW, Ukraine, Washington, Kyiv, Berlin, Brussels, Skarzysko Kamienna, Kalisz

☆ Poland's elections this weekend could mark a crossroad for EU solidarity — and Ukraine support
▼ + stars: | 2023-10-13 | by ( Jenni Reid | ) www.cnbc.com time to read: +6 min

The Leader of Civic Coalition Party, Donald Tusk delivers a speech during the Women for Elections Campaign rally on October 10, 2023 in Lodz, Poland. EU tiesLaw and Justice's leadership has seen Poland's relationship with the EU and its various institutions become increasingly strained. It resulted in Morawiecki saying last month that his country would no longer supply weapons to Ukraine as it was "now arming Poland." Poland's vote follows elections in neighbor Slovakia which saw populist former Prime Minister Robert Fico return to power. Hungary's firebrand rightwing Prime Minister Viktor Orbán has persistently used inflammatory language regarding the EU, attacking it repeatedly on social media.

Persons: Donald Tusk, Omar Marques, Tusk, —, Jaroslaw Kaczynski, Mateusz Morawiecki, Morawiecki, Robert Fico, Fico, Viktor Orbán Organizations: Civic Coalition Party, Women, Elections, Getty, European Union —, rightwing Law, Justice, Civic Coalition, European, Law, EU, Nurphoto, Consultancy Eurasia Group, Eurasia Group, Confederation, Ukraine, ING, U.S, NATO, rightwing, European Union Locations: Lodz, Poland, Ukraine, Krakow, Berlin, Brussels, Slovakia, Russia, rightwing, Hungary, Germany

Yet increasingly, euro area specific factors, particularly exposure to higher oil prices, risk further weakness in an already stagnating economy, and the single currency. The euro is especially vulnerable to rising oil prices, with net imports accounting for over 90% of oil products available in the European Union. "High oil prices are weighing on the euro area's terms of trade, and if oil prices move above $100 per barrel to $110 per barrel we think it will be difficult for the euro to avoid parity," said Nomura's G10 FX strategist Jordan Rochester. But it also lifts price pressures through higher import costs, compounding the impact from higher oil prices. "Definitely the euro zone is not in a good place right now," said Moec, adding that he did not rule out a euro move to parity.

Persons: Dado Ruvic, Jordan, Nomura, Morgan Stanley, Jens Eisenschmidt, Francesco Pesole, Athanasios, Gilles Moec, Dhara Ranasinghe, Alun John, Yoruk, Christina Fincher Organizations: U.S, REUTERS, European Union, OPEC, Barclays, European Central Bank, ECB, ING, Germany, Bank of America, AXA Investment, Thomson Locations: Jordan Rochester, United States, ITALY, Italy, U.S, London, Amsterdam

☆ Thousands gather in Warsaw for opposition rally ahead of tight election
▼ + stars: | 2023-10-01 | by ( Justyna Pawlak | ) www.reuters.com time to read: +3 min

[1/6] Overview of crowds and city skyline during the "March of a Million Hearts" (Marsz Miliona Serc) opposition rally, two weeks ahead of the parliamentary election, in Warsaw, Poland October 1, 2023. The opposition is hoping Sunday's march becomes the biggest in decades and galvanises voters to participate in the election. Some carried banners saying "PiSexit" or "The cat can stay", referring to the pet animal of PiS leader Jaroslaw Kaczynski. And we have been denied this money because someone has decided to destroy democracy in Poland," Warsaw mayor Rafal Trzaskowski told those at the rally. Reporting by Justyna Pawlak, Marek Strzelecki and Kuba Stezycki; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Agencja, Slawomir Kaminski, Donald Tusk, Hanna Chaciewicz, Tusk, Jaroslaw Kaczynski, PiS, Rafal Trzaskowski, Justyna Pawlak, Marek Strzelecki, Hugh Lawson Organizations: REUTERS Acquire, Rights, European Union, Law and Justice, European, TVP, Warsaw, Thomson Locations: Warsaw, Poland, EU, Otwock, Public, Brussels

☆ EU probe into Chinese EV subsidies: Former EU trade chief discusses 'safeguard procedure'
▼ + stars: | 2023-09-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEU probe into Chinese EV subsidies: Former EU trade chief discusses 'safeguard procedure'Karel De Gucht, former EU commissioner for trade, discusses Europe's investigation into Chinese electric vehicles subsidies.

Persons: Karel De Gucht Organizations: EU Locations: EU

☆ EU regulators have tech giants in their sights: podcast
▼ + stars: | 2023-09-26 | by ( Rebecca Christie | ) www.reuters.com time to read: 1 min

BRUSSELS, Sept 26 (Reuters Breakingviews) - Brussels is taking on the likes of Amazon and Apple with a slew of new rules aimed at curbing market dominance and taking back control over data. Former EU Commission economist Bertin Martens explains to The Exchange podcast how the industry giants could be forced to open up. Listen to the podcastFollow @rebeccawire on XSubscribe to Breakingviews’ podcasts, Viewsroom and The Exchange. Editing by Oliver TaslicOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Bertin Martens, Oliver Taslic Organizations: Reuters, Former EU, Exchange, Thomson Locations: BRUSSELS, Brussels

☆ Former Italian president Napolitano dies aged 98
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

Former Italian President and senator Giorgio Napolitano speaks following a talk with Italian President Sergio Mattarella at the Quirinal Palace in Rome, Italy, April 13, 2018. REUTERS/Tony Gentile/File Photo Acquire Licensing RightsROME, Sept 22 (Reuters) - Former Italian president Giorgio Napolitano, a onetime communist who helped to steer his country through a debt crisis in 2011, died on Friday aged 98. Condolences poured in from Italian Prime Minister Giorgia Meloni's office, other politicians, the Vatican and beyond. Napolitano became president in 2006 and was elected for an unprecedented second seven-year term in 2013. Reporting by Angelo Amante; writing by Keith Weir and Angelo Amante Editing by Gareth JonesOur Standards: The Thomson Reuters Trust Principles.

Persons: Giorgio Napolitano, Sergio Mattarella, Tony Gentile, Giorgia, Pope Francis, Napolitano's, Clio Bittoni, Napolitano, Pope Benedict XVI, Francis, Mario Monti, Silvio Berlusconi, Enrico Letta, Angelo Amante, Keith Weir, Gareth Jones Organizations: Italian, REUTERS, Rights, European Commission, Thomson Locations: Rome, Italy, Italian

☆ Many Italian parties are against China's Belt and Road Initiative, foreign minister says
▼ + stars: | 2023-09-02 | by ( Silvia Amaro | ) www.cnbc.com time to read: +2 min

Many Italian parties are against Rome's participation in China's Belt and Road Initiative, Antonio Tajani, the country's foreign minister said Saturday, ahead of a critical decision on whether to quit the project. Under the agreement the two parties can end the deal after five years, otherwise the partnership gets extended for another five-year term. Tajani, however, did not confirm any specific time for when Italy will unveil its final decision on whether to continue in the Belt and Road Initiative. In this moment the countries without the Belt and Road Initiative, the European countries, are working better than us. For this, Italy will decide if [to] stay or not [to] stay in the Belt and Road Initiative.

Persons: Antonio Tajani, Rome, Mario Draghi, Tajani, Steve Sedgwick Organizations: Initiative, European Central Bank, Ambrosetti, Italy Locations: Italy, Beijing, Rome, China

☆ Dollar steady as Fed's Powell says higher rates may be needed
▼ + stars: | 2023-08-25 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +4 min

[1/2] U.S. dollar banknotes are seen in this illustration taken March 10, 2023. The U.S. dollar index - which measures the currency against six major counterparts - was about flat at $104.06 after rising to 104.44, its highest since June 1. Interest rate futures tied to the Fed's policy rate on Friday priced in a more than even chance of tightening at either the November or December policy meetings. On Friday, the euro was 0.01% lower against the dollar at $1.08085. Against the yen , the dollar was up 0.31% to 146.28.

Persons: Dado Ruvic, Jerome Powell, Powell, Karl Schamotta, Ben, Bernanke, Mario, Draghi, Schamotta, bitcoin, Saqib Iqbal Ahmed, Dhara Ranasinghe, Ankur Banerjee, Kirsten Donovan, Christina Fincher, Nick Zieminski, Jonathan Oatis Organizations: REUTERS, U.S, Federal, European Central Bank, Global Research, Reuters, of, Thomson Locations: Jackson Hole , Wyoming, U.S, Toronto, Britain, London, Singapore

☆ Poland to vote in privatisation referendum, likely alongside October election
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +2 min

"For us, the voice of ordinary Poles is always decisive," PiS leader Jaroslaw Kaczynski said in a video posted on social media platform X, formerly known as Twitter. He said that the first referendum question would be: "Do you support the sale of state-owned enterprises?". "The Germans want to embed Tusk in Poland to sell off common property, his background shows it directly," Kaczynski said. Another state-run broadcaster, Polskie Radio 24, reported that there would be four referendum questions in total. Poland's lower house of parliament will deal with legislation concerning the organisation of the referendums at its sitting on Aug. 16-17.

Persons: Jaroslaw Kaczynski, Kacper, Donald Tusk, Tusk, Kaczynski, Marcin Kierwinski, Alan Charlish, Toby Chopra Organizations: Justice, National Army, REUTERS, Law, Former European, PO, Polskie Radio, Polskie, Thomson Locations: Warsaw, Poland, Germany

The dismissal of Rohan Ramchandani's civil lawsuit by U.S. District Judge Victor Marrero was disclosed in a docket entry on Thursday in Manhattan federal court. Marrero plans to release his written decision after Citigroup and Ramchandani agree which information should be kept confidential. One year later, Ramchandani sued Citigroup, saying it fired him without cause in January 2014 amid a global probe into foreign exchange price fixing, and then shared false and "gravely derogatory" claims against him with law enforcement. Ramchandani accused Citigroup of entering its plea in part to shift blame away from senior managers and officers. The case is Ramchandani v. Citigroup Inc et al, U.S. District Court, Southern District of New York, No.

Persons: Rohan Ramchandani's, District Judge Victor Marrero, Marrero, David Lurie, Danielle Romero, Apsilos, Ramchandani, Chris Ashton, Richard Usher, JPMorgan Chase, Ramchandani's, Jonathan Stempel, Marguerita Choy Organizations: YORK, Citigroup, U.S, District, Ramchandani, Barclays, JPMorgan, U.S . Department of Justice, Citigroup Inc, Court, Southern District of, Thomson Locations: U.S, London, Manhattan, New York, Southern District, Southern District of New York

The decision overturned a lower court's ruling that Abitron Germany GmbH was liable in the United States for trademark infringement that occurred abroad. Hetronic Germany, which was later bought by Abitron Germany GmbH, distributed its products in Europe. A jury found in favor of Hetronic and awarded more than $115 million in damages, $96 million of which was for violating federal trademark law. That $96 million was the subject of the appeal to the Supreme Court. President Joe Biden's administration told the Supreme Court that Abitron should be liable only for its acts abroad that were likely to confuse consumers in the United States.

Persons: Abitron, Hetronic, Joe Biden's, Blake Brittain, Will Dunham Organizations: U.S, Supreme, Methode Electronics, Hetronic, Abitron, Circuit, Appeals, Thomson Locations: Abitron Germany, United States, Denver, Appeals . Oklahoma, Germany, Europe, Oklahoma, Washington

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