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At one point, Russian officials even claimed to have kicked Ukrainian forces back out of the village, which Ukraine staunchly denied. “That’s the hardest part.”Images from drone footage show the extensive damage to Staromayorske, Ukraine. Ukraine’s position is made harder still given Russian forces are on the eastern side of the river, able to use its natural boundary from which they can fire artillery. The wall graffiti is equally bleak: “There is no love.” “God is for Russia.” “Welcome to Mordor.”It is a nihilism that only amplifies a key question Ukrainian forces have: Why do the Russian troops fight so hard for these tiny settlements? The fact that Russian forces fight so persistently for each settlement has raised doubts about claims that Russia’s defensive line is fierce but thin.

Persons: Ukraine’s, Krivyh Rih, ” Krivbas, ’ Krivbas, Neskuchne, Krivbas, ”, ‘, haven’t, Reva, deminer Organizations: Ukraine CNN, Ukrainian, Ukraine, Staromayorske, Marines, CNN, Pentagon, ‘, Russian, Storm, AK Locations: Neskuchne, Ukraine, Staromayorske, Mariupol, Krivyh, Russian, “, Russia, Mordor

☆ Northern China faces Doksuri floods as south mops up from storm
▼ + stars: | 2023-07-30 | by ( ) www.reuters.com time to read: +2 min

China's National Meteorological Center kept its red alert, the country's highest, for rainstorms on Sunday, state media Xinhua reported. Doksuri, one of the strongest storms to hit China in years, had prompted thousands to evacuate in southern province Fujian and ripping coastal areas and pushing north and inland. Although the authorities downgraded the storm from typhoon on Sunday, the China Meteorological Bureau maintained a red alert for heavy rain in various provinces, especially northern areas such as Hebei, Beijing, Shanxi and Henan. The capital was likely to receive record rainfall, while cities in Hebei province, which encircles Beijing, were waterlogged, local media reported. In Hebei, 209 weather stations recorded extremely heavy rainfall and 1,283 heavy rainfall，local TV reported.

Persons: Typhoon Doksuri, Doksuri, Khanun, Ningwei Qin, Kevin Yao, William Mallard Organizations: cnsphoto, REUTERS, National Meteorological Center, Xinhua, China, China Meteorological Bureau, Ningwei, Thomson Locations: Xincuo, Fuqing, Fuzhou, Fujian province, China, REUTERS BEIJING, Beijing, Fujian, Philippines, Taiwan, Hebei, Shanxi, Henan, Hebei province, Zhejiang province, Shanghai

A global pattern of heat waves that have scorched parts of Europe, Asia and the United States this week have thrown that challenge into sharp relief. The World Meteorological Organization warned on Tuesday of increased risk of deaths linked to excessively high temperatures. In South Korea, deluges of rain have pummelled central and southern regions since last week. In recent days, temperatures in Xinjiang and other parts of Asia, as well as Europe and the United States have shattered records. On Tuesday, Beijing logged its 27th day of temperatures of more than 35C, setting a new local record for the most number of high-temperature days in a year.

Persons: Aly, Kerry, John Kerry, Hawaii's Big, Storm Calvin, Yoon Suk Yeol, Han Duck, ” Han, Han Zheng, Han, Wang Yi, Premier Li Qiang, Xie Zhenhua, Ryan Woo, Valerie Vocovici, Hyonhee, John Geddie, Stephen Coates Organizations: heatwave, REUTERS, Hawaii U.S, World Meteorological Organization, National Weather Service, Meteorological, Premier, Thomson Locations: Shanghai, China, South Korea, Greece, Hawaii, Beijing, BEIJING, SEOUL, Athens, U.S, Europe, Asia, United States, Cheongju, North Gyeongsang, Seoul, China's, Xinjiang, Turpan, Taiwan, Dubai

☆ South African rand regains some ground against the dollar
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +1 min

JOHANNESBURG, May 15 (Reuters) - South Africa's rand firmed on Monday, recovering from an all-time low hit against the dollar last week as investors were spooked by possible sanctions amid U.S. allegations, rejected by Pretoria, that South Africa had shipped arms to Russia. At 1543 GMT, the rand traded at 19.0325 against the dollar , 1.54% stronger than its previous close. South African officials swiftly rejected the U.S. claims and said the country had not approved any arms shipment to Russia in December. "Investors, it seems, simply do not see value in South African economy, and we do not think this situation will change until there is material progress towards resolving energy or fiscal issues," Barclays said. South Africa's benchmark 2030 government bond was stronger in afternoon deals, with the yield down 19.5 basis points at 10.745%.

☆ Cyclone Mocha tears into Myanmar
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +3 min

Cyclone Mocha barrels into Myanmar The powerful storm unleashes its fury, disrupting communications in the regionAround midday on Sunday, Cyclone Mocha pummelled western Myanmar and southern Bangladesh. Map shows the path of Cyclone Mocha. It originated in the Bay of Bengal three days before it hit the coast of Myanmar on May 14. Satellite images show Sittwe before and after landfall of Cyclone Mocha, in Myanmar. Myanmar’s coast bore the brunt of the storm surge from Mocha, according to data from the EU’s Joint Research Centre.

☆ KFC owner says its 2-for-$5 deal on fried chicken wraps is winning over low-income shoppers that are being pummelled by rising costs
▼ + stars: | 2023-05-03 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

KFC launched a two-for-$5 promotion on fried chicken wraps earlier this year. This deal led to strong sales from low-income shoppers at KFC during the first quarter, its parent company said. "In the Q1 KFC rolled out those $5 wraps," Yum Brands CEO David Gibbs said during the call. KFC added chicken wraps to its US menu in February 2023 after a trial in Atlanta in 2022. Insider reached out to Yum Brands for more details on how long the deal would run but did not immediately hear back.

☆ India's Adani Ports starts $130 mln buyback of debt securities
▼ + stars: | 2023-04-24 | by ( ) www.reuters.com time to read: +1 min

April 24 (Reuters) - India's Adani Ports and Special Economic Zone (APSE.NS), a group company of the beleaguered Adani Group, said on Monday it has started a buyback programme of certain debt securities to partly prepay near-term loans due in 2024. Adani Ports said in an exchange filing that it has floated a tender of up to $130 million in outstanding debt, as it tries to boost investor confidence after the group's shares were pummelled earlier this year by a U.S. short-seller's report. The Economic Times first reported on Monday, citing sources, that the Adani Group plans to buy back foreign currency bonds of various group companies, starting with a $650-million tranche at its ports unit. Adani Group did not immediately respond to a Reuters' request for comment on its buyback plans. Shares and bonds of Adani Group have regained some lost ground over the past month or so after it repaid some debt and attracted a $1.9 billion investment from boutique investment firm GQG Partners.

☆ Potapova upsets Gauff in third-round Miami thriller
▼ + stars: | 2023-03-25 | by ( Amy Tennery | ) www.reuters.com time to read: +2 min

March 25 (Reuters) - Russian Anastasia Potapova produced some of her best tennis to upset American Coco Gauff 6-7(8) 7-5 6-2 in a third-round thriller at the Miami Open on Saturday. "I had this belief in me that I can do this, that I just wanted to fight through and just to show my best tennis and not focus on the score," she told the Tennis Channel. Up 5-2 in the first set, it looked as though it might be an easy day for Potapova. But world number six Gauff turned the tables when she converted break point chances in the ninth and 11th games and closed the tiebreak with a lethal backhand. She failed to earn a single break point as Potapova dropped only one first-serve point and won the final five games.

☆ European banks face renewed selling pressure
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +8 min

So people are acting with their feet and continuing to sell bank stocks. ING ECONOMICS TEAM (emailed) "Most European banks are impacted by these events mainly via the more cautious market sentiment. "It seems like post what happened to Credit Suisse last weekend, two things might be at play here. “European banks probably suffered from contagion from what was going on in the US, where the regional banks seem to be under pressure in the rising rate environment. European banks have, in fact, had no fundamental issues whatsoever.

☆ Exclusive: Some Credit Suisse counterparties curb dealings as bank heads into scenario meetings -sources
▼ + stars: | 2023-03-17 | by ( Shankar Ramakrishnan Stefania Spezzati Sumeet Chatterjee | Shankar Ramakrishnan | Stefania Spezzati | ) www.reuters.com time to read: +5 min

Credit Suisse declined to comment. Credit Suisse intends to borrow up to 50 billion Swiss francs ($54 billion) from the Swiss National Bank in what it called "decisive action" to boost its liquidity on Thursday. The five people with direct knowledge of the bank's trading counterparties requested anonymity because of the sensitivity of the situation. Credit Suisse has said that it is a strong, global bank. Among possible scenarios, analysts, bankers and investors speculate that Credit Suisse could sell or wind down some of its existing businesses with a break-up potentially on the cards.

March 15 (Reuters) - Swiss regulators pledged a liquidity lifeline to Credit Suisse (CSGN.S) in an unprecedented move by a central bank after the flagship Swiss lender's shares tumbled as much as 30% on Wednesday. They said the bank could access liquidity from the central bank if needed. Credit Suisse said it welcomed the statement of support from the Swiss National Bank and FINMA. Hoping to quell concerns, FINMA and the Swiss central bank said there were no indications of a direct risk of contagion for Swiss institutions from U.S. banking market turmoil. The logo of Swiss bank Credit Suisse is seen in front of an office building in Zurich, Switzerland October 26, 2022.

☆ Credit Suisse shares down by a quarter, key backer says no more money
▼ + stars: | 2023-03-15 | by ( Noele Illien | ) www.reuters.com time to read: +3 min

Saudi National Bank (SNB) (1180.SE), which holds 9.88% of Credit Suisse, said it would not buy more shares in the Swiss bank on regulatory grounds. The Swiss bank's shares were down about 24% early afternoon on Wednesday, after hitting a new record low. Koerner had said earlier in the week Credit Suisse's liquidity coverage ratio averaged 150% in the first quarter of this year. The Swiss National Bank declined to comment on Credit Suisse's stock move. Five-year credit default swaps on Credit Suisse debt widened to 574 basis points from 549 bps at last close, based on data from S&P Global Market Intelligence, marking a new record high.

☆ Credit Suisse's biggest backer says can't put up more cash; share down by a fifth
▼ + stars: | 2023-03-15 | by ( Rachna Uppal | ) www.reuters.com time to read: +2 min

RIYADH, March 15 (Reuters) - The head of Credit Suisse Group's largest shareholder, Saudi National Bank (SNB) (1180.SE), said on Wednesday it would not buy more shares in the Swiss bank on regulatory grounds. The Saudi bank holds a 9.88% stake in Credit Suisse, according to Refinitiv data. The Saudi bank would exit when proper value to the shares had been acquired, he added. At 1046 GMT, Credit Suisse shares were trading down 20% at 1.7840 Swiss francs"We are happy with the plan, the transformation plan that they have put forward. Credit Suisse on Tuesday published its annual report for 2022 saying the bank had identified "material weaknesses" in controls over financial reporting and not yet stemmed customer outflows.

☆ Cyclone Freddy kills 190 in Malawi as rain complicates rescue efforts
▼ + stars: | 2023-03-14 | by ( Frank Phiri | ) www.reuters.com time to read: +3 min

[1/4] Relatives of people who lost their lives in the aftermath of after Storm Freddy, search for their bodies at the Queen Elizabeth Central Hospital mortuary in Blantyre, Malawi March 14, 2023. Freddy has also left a trail of destruction in Mozambique, where it made landfall over the weekend. The latest death toll in Malawi is a jump from 99 reported on Monday, the Department of Disaster Management Affairs said. Freddy pummelled central Mozambique on Saturday, ripping roofs off buildings and causing widespread flooding around the port of Quelimane before moving inland towards Malawi. Freddy could sweep through Zambezia province again, bringing more wind and rain.

☆ Storm Freddy triggers floods in Malawi, killing at least 11
▼ + stars: | 2023-03-13 | by ( Frank Phiri | ) www.reuters.com time to read: +2 min

[1/3] Branches of trees sway as cyclone Freddy hits, in Quelimane, Zambezia, Mozambique, March 12, 2023, in this screen grab taken from a handout video. UNICEF Mozambique/2023/Alfredo Zuniga/Handout via REUTERSBLANTYRE, Malawi, March 13 (Reuters) - At least 11 people have died and 16 are missing around Malawi's second-largest city Blantyre after tropical storm Freddy brought torrential rains that triggered floods and landslides, police said on Monday. It pummelled Mozambique for the second time in a month as a cyclone over the weekend before weakening as it moved inland towards Malawi. "Some missing people are feared buried in rubble and our team is working with other cooperating national agencies," Kalaya said. Scientists say climate change is making tropical storms stronger, as oceans absorb much of the heat from greenhouse gas emissions and when warm seawater evaporates heat energy is transferred to the atmosphere.

[1/3] Branches of trees sway as cyclone Freddy hits, in Quelimane, Zambezia, Mozambique, March 12, 2023, in this screen grab taken from a handout video. It pummelled central Mozambique on Saturday, ripping roofs off buildings and bringing widespread flooding around the port of Quelimane, before moving inland towards Malawi with torrential rains that caused landslides. At least six people died in Mozambique's Quelimane, which was struck hard by the storm, authorities told the public broadcaster on Monday. The total number killed by storm Freddy in Mozambique, Malawi and Madagascar since it first made landfall last month is now nearing 100. Malawi has been battling the deadliest cholera outbreak in its history, and U.N. agencies have warned the situation could now get worse.

☆ Russian envoy: U.S. seeks to inflame Ukraine crisis with claims of crimes against humanity
▼ + stars: | 2023-02-19 | by ( Lidia Kelly | ) www.reuters.com time to read: +2 min

Feb 19 (Reuters) - Washington is trying to demonize Moscow and foment the crisis in Ukraine with allegations of Russian crimes against humanity, Russia's ambassador to the United States said on Sunday. The Biden administration formally concluded that Russia has committed "crimes against humanity" during its nearly year-long invasion of Ukraine, Vice President Kamala Harris said on Saturday. Organisations supported by the U.S. Agency for International Development have documented more than 30,000 war crimes incidents since the invasion, according to the U.S. government. The U.N.-backed Commission of Inquiry on Ukraine says it has identified war crimes but has not concluded whether they amount to crimes against humanity. The war has killed tens of thousands, uprooted millions, pummelled the global economy and made Russian President Vladimir Putin a pariah in the West.

☆ U.S. declares Russia committed 'crimes against humanity' in Ukraine
▼ + stars: | 2023-02-18 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +4 min

MUNICH, Feb 18 (Reuters) - The Biden administration formally concluded that Russia has committed "crimes against humanity" during its nearly year-long invasion of Ukraine, U.S. Vice President Kamala Harris said on Saturday. The U.N.-backed Commission of Inquiry on Ukraine has not yet concluded that the war crimes it says it has identified amount to crimes against humanity. Russia, which says it is conducting a "special military operation" in Ukraine to eliminate threats to its security and protect Russian-speakers, has denied intentionally targeting civilians or committing war crimes. The Biden administration has sought to bring alleged war criminals to justice, including training Ukrainian investigators, imposing sanctions, blocking visas and hiking penalties under U.S. war crimes laws. Kyiv has been pushing for a new international war crimes organization to focus on the Russian invasion, which Moscow has opposed.

☆ Mob storms Pakistani police station, lynches man accused of blasphemy
▼ + stars: | 2023-02-11 | by ( Mubasher Bukhari | ) www.reuters.com time to read: +2 min

LAHORE, Pakistan, Feb 11 (Reuters) - A mob in eastern Pakistan stormed a police station on Saturday and lynched a man under custody and accused of blasphemy, police said, in the latest incident of religion-linked violence in the Islamic republic. However, the mob stormed the station, located in the city of Nankana Sahib, took Waris out of the premises, beat him to death and attempted to set his body on fire, Waqas added. Blasphemy is also a crime under Pakistani law, which can carry the death sentence. A number of police officials have been suspended because of their inability to stop the mob, a statement from the police said. Prime Minister Shehbaz Sharif has taken notice of the incident and ordered an inquiry, the government said.

☆ Adani Group reels after report from U.S. short-seller Hindenburg
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +4 min

It says it holds short positions in Adani Group companies through U.S.-traded bonds and non-Indian-traded derivative instruments. JAN. 26* Adani Group says it is evaluating "remedial and punitive action" against Hindenburg under U.S. and Indian laws. JAN 28* Index provider MSCI says it is seeking feedback on Adani Group and associated securities and is aware of the Hindenburg report. JAN 30* Adani Group issues a detailed riposte to the Hindenburg report, saying it complies with all local laws and had made the necessary regulatory disclosures. * Index provider MSCI says it will cut weightings of four Adani Group companies, including Adani Enterprises, in its indexes after reassessing the number of freely traded shares.

☆ Ukrainian police rescue six-year-old girl from besieged Bakhmut
▼ + stars: | 2023-02-01 | by ( Ivan Lyubysh-Kirdey | ) www.reuters.com time to read: +2 min

[1/5] A mother Halyna, 24, hugs her daughter Arina, 6, after her evacuation from front line city of Bakhmut, amid Russia's attack on Ukraine, in Sloviansk, Donetsk region, Ukraine January 31, 2023. REUTERS/Oleksandr RatushniakBAKHMUT, Ukraine, Feb 1 (Reuters) - Ukrainian police staged a risky rescue mission in the besieged eastern city of Bakhmut this week to evacuate a six-year-old girl who had become separated from her pregnant mother. Young Arina was found living with her grandparents in a run-down apartment building in Bakhmut, which has been pummelled by Russian forces in heavy fighting. Arina, clutching a large white teddy bear, told her mother after they hugged. He had to gently coax Arina into leaving Bakhmut, calmly explaining the dangers of remaining.

The Act states the Fed should conduct monetary policy "so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates." On that basis, the average core PCE inflation rate since 2010 is exactly 2.0% - even after the recent scare and with the monthly rate ebbing again fast. At 1.25%, real 10-year yields - measured by market inflation expectations rather than prevailing inflation - are far above sub-zero post-pandemic troughs and are also some of the highest in over a decade. And hence the cat and mouse game between Fedspeak and market pricing - rather than a material change to investors' assumption that the Fed is nearly done. U.S. Fed has missed the mark on inflationThe opinions expressed here are those of the author, a columnist for Reuters.

☆ It's been a very bad month for Indian billionaires — four of the richest Indians have collectively lost about $45 billion in 2023
▼ + stars: | 2023-01-31 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Indian billionaires are leading losses on the Bloomberg Billionaires Index so far this year. That's on the back of a massive selloff in Adani Group's listed businesses and the broader Indian market. Adani's listed companies have come under significant pressure following a short-seller attack. The Adani Group has been defending itself vigorously, but Hindenburg's also doubling down on it's initial report. Trailing Adani on the Bloomberg Billionaires Index are fellow Indian billionaires Mukesh Ambani, Radhakishan Damani, and Savitri Jindal, who have lost about $5 billion, $2 billion, and $1 billion so far this year.

☆ Instant View: Adani's $2.5 billion offer rides out share storm with investor backing
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: +5 min

COMMENTARYAMBAREESH BALIGA, INDEPENDENT MARKET ANALYST, MUMBAI"The FPO did get subscribed, thanks to a few institutional as well as large family offices. DEEPAK JASANI, HEAD OF RETAIL RESEARCH, HDFC SECURITIES, MUMBAI"For Indian markets, one of the concern areas is out of the way for the time being as this was weighing on investor sentiment. Since the current market price is below the offer price, the retail subscription was low as investors can rather buy it from the market." That was their focus area considering the fact that there was a difference between the market price and the floor price of the FPO. It seems that retail investors did not consider the fact that there is more to rates than just the price."

☆ Adani rides out storm as investors rally behind $2.5 billion share sale
▼ + stars: | 2023-01-31 | by ( ) www.cnbc.com time to read: +4 min

But on Tuesday, the overall share sale was fully subscribed as foreign institutional investors and corporates pumped in funds, although participation by retail investors and Adani Enterprises employees remained low. That sparked $65 billion in cumulative losses for stocks of the Adani group, which called the report baseless. The support for Adani's share sale came even as the flagship's shares closed at 2,973.9 rupees, up nearly 3% but below the lower end of the sale price band of 3,112 rupees. Demand mostly came from foreign institutional investors, as well as corporates who bid in excess of 1 million rupees each, data showed. Adani Transmission closed nearly 4% higher on Tuesday after losing 38% since the Hindenburg report, while Adani Ports and Special Economic Zone climbed 2.6%.

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