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The central bank lifted its main funds rate by 25 bps to its highest since 2007 as it continued its fight against inflation. Yet the S&P 500 (.SPX) hit a five-month high, as traders focused resolutely on the idea that the world's most influential central bank would change course soon. Government bond markets meanwhile continued to price in rate cuts by year-end as the economic cycle turns. Over in Europe, the European Central Bank delivered a hefty 50 bps hike on Thursday and promised more of the same for March and beyond. "In terms of the impact of (central bank) hawkishness on markets," he added, "this has significantly softened."

☆ Travel companies are ‘greenwashing’ — here are 3 ways to find ones that aren't
▼ + stars: | 2023-01-29 | by ( Monica Pitrelli | ) www.cnbc.com time to read: +6 min

But finding companies that are serious about sustainability isn't easy, said James Thornton, CEO of tour company Intrepid Travel. "You see hotels saying they're sustainable, and then you're using these little travel bottles for shampoos and shower gels," he said. "The honest truth is that every travel company is ultimately contributing towards the climate crisis," he said. "So the best thing any travel company can start to do is measure the greenhouse gas emissions it creates." Other companies with B Corp status include Seventh Generation, Ben & Jerry's, Aesop — and Patagonia, which Thornton called "arguably the most famous B Corp in the world."

☆ British nurses launch historic strike, as pay and staffing crises threaten the NHS
▼ + stars: | 2022-12-15 | by ( Rob Picheta | ) edition.cnn.com time to read: +9 min

“The reality is, every day, nurses across the UK are walking into understaffed hospitals,” Mackay said. “I feel really sorry for the young girls who are now trying to get into the profession, they have to pay for their training. Nurses’ pay dropped 1.2% every year between 2010 and 2017 once inflation was taken into account, according to the Health Foundation, a UK charity that campaigns for better health and health care. Christopher Furlong/Getty ImagesEarlier this year, the RCN rejected an offer by the government to increase nurses’ pay by a minimum of £1,400 ($1,707) a year, which amounted to an average rise of 4.3%, well below the rate of inflation. Members of Britain’s armed forces were being trained to drive ambulances and firefight in the event of strike action, ministers said earlier this month.

☆ Caught in 'the green beam': How US Air Force gunship crews let a target know they have it in their sights
▼ + stars: | 2022-12-02 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +6 min

The US Air Force's AC-130 gunship has a reputation for delivering firepower to the battlefield. The green beamAn AC-130J crew identifies a target with green light during an exercise in Florida in May. Ridge ShanWhile discussing the performance of Air Force special-operations crews during the Kabul evacuation, Slife referred to a targeting technology that Air Commandos use and affectionally call "the green beam." AC-130 crews use the green beam — which Slife called a "giant green laser pointer" — both to point things out to friendly forces and to deter adversaries by letting them know that they're in the gunship's sights. Hitting something is not as simple as seeing it, since gravity, elevation, speed, and atmospheric conditions affect the trajectory of the AC-130's artillery and cannon fire, but having those aids is still invaluable for gunship crews.

☆ Beauty of muni bonds is tax-free income. Here are three key takeaways for investors
▼ + stars: | 2022-11-15 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +6 min

Municipal bonds, or munis, have outperformed other bonds this year, but have still slumped. "We suggest that if you're investing in municipal bonds, individual bonds, you invest in 10 different issues with different credit risks," he said. Investing differs from stocks Muni bonds serve a different goal in a portfolio than assets such as stocks, which you hope go up in value over time. "There's typically some price appreciation with it but it's hard to bank on price appreciation unless you're a very active muni bond trader," said Tyner. Diversified muni bond mutual funds are also a good option for investors, giving access to the muni market without having to take on the risk of buying individual bonds.

☆ GSK picks Burberry's Brown as CFO
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterGSK (GlaxoSmithKline) logo is seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration/SummarySummary Companies Brown to join GSK in April, start as CFO in MayCFO Iain Mackay to retireSept 26 (Reuters) - GSK (GSK.L) named luxury fashion brand Burberry's (BRBY.L) Julie Brown as its new chief financial officer on Monday to succeed Iain Mackay, at a time when the British drugmaker is sharpening focus on its core business. The change comes after GSK spun off its large consumer business, Haleon (HLN.L), to focus on prescription drugs and vaccines. Burberry had said on Friday that Brown would step down as its CFO and chief operating officer in April to take up a role outside the luxury industry. Register now for FREE unlimited access to Reuters.com RegisterReporting by Amna Karimi and Pushkala Aripaka in Bengaluru; Editing by Subhranshu Sahu and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ GSK Taps Burberry Executive As CFO
▼ + stars: | 2022-09-26 | by ( Jennifer Williams-Alvarez | Mark Maurer | ) www.wsj.com time to read: +3 min

Pharmaceutical firm GSK PLC hired the finance chief of British luxury fashion group Burberry Group PLC to lead its finances as it works to develop new medicines after the recent spinoff of its consumer-health business. Brentford, U.K.-based GSK, a maker of cancer and asthma medications, on Monday named Julie Brown as chief financial officer and executive director, effective next spring. Ms. Brown serves as chief operating and financial officer at Burberry, a role she has held since 2017. “Julie is a highly experienced CFO with a tremendous understanding of the biopharma sector,” Emma Walmsley, chief executive officer at GSK, said in a release. Burberry on Friday said a search is under way for the successor of Ms. Brown.

Mackay, 60, will be retiring next year after serving as GSK's finance chief for nearly four years, following an eight-year stint as group finance director at the bank HSBC. Register now for FREE unlimited access to Reuters.com RegisterBrown, also 60, will join GSK in April and take up the job in May. She also served in several finance roles at AstraZeneca (AZN.L), which last year also appointed a female CFO, Aradhana Sarin. With Emma Walmsley as GSK's chief executive officer, Brown's appointment also creates a rare, all-female top management at a blue-chip (.FTSE) British company and a global pharma major. Brown will receive an annual base salary of more than 900,000 pounds at GSK, the company said.

Register now for FREE unlimited access to Reuters.com RegisterGSK (GlaxoSmithKline) logo is seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration/SummarySummary Companies Brown to join GSK in AprilIain Mackay to retire in MaySept 26 (Reuters) - Britain's GSK (GSK.L) has appointed its first female chief financial officer, Julie Brown, to succeed Iain Mackay, as the drugmaker focuses on its core pharmaceuticals business. With Emma Walmsley as GSK's chief executive, Brown's appointment also creates a rare, all-female top management at a blue-chip (.FTSE) British company and a global pharma major. Mackay, 60, will retire next year after almost four years as GSK's finance chief, before which he completed an eight-year stint as group finance director at HSBC. She also served in several finance roles at AstraZeneca (AZN.L), which last year appointed a female CFO, Aradhana Sarin.

☆ FTSE 100 gains as weak pound lifts export-heavy consumer staples
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterThe London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/SummarySummary Companies FTSE 100 up 0.5%, FTSE 250 off 0.7%Sept 26 (Reuters) - London's FTSE 100 index rose on Monday, led by shares of dollar-earning consumer staple companies after sterling tumbled to record low on worries the new government's economic plan will stretch Britain's finances to the limit. The export-oriented FTSE 100 (.FTSE) gained 0.5%, while the more domestically oriented FTSE 250 (.FTMC) declined 0.7%. Consumer staples like Unilever (ULVR.L) and British American Tobacco (BATS.L) added 3.5% and 1.1%, respectively. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Johann M Cherian in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ GSK poaches Burberry CFO Julie Brown to create all-female top team, Sky News reports
▼ + stars: | 2022-09-24 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterGSK (GlaxoSmithKline) logo is seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/IllustrationSept 24 (Reuters) - British drugmaker GSK plc has poached Burberry Group's (BRBY.L) finance chief to create a rare all-female executive leadership team, Sky News reported on Saturday. GSK could announce as soon as Monday morning that it has recruited Julie Brown to replace Iain Mackay, who has served as its chief financial officer since 2019, the report added. On Friday, Burberry announced that its finance chief Julie Brown will step down in April 2023 after more than five years in the role. Register now for FREE unlimited access to Reuters.com RegisterReporting by Jaiveer Singh Shekhawat in Bengaluru Editing by Peter GraffOur Standards: The Thomson Reuters Trust Principles.

☆ GSK poaches Burberry CFO Julie Brown to create all-female top team - Sky News
▼ + stars: | 2022-09-24 | by ( ) www.reuters.com time to read: +1 min

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