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The upheaval at Documenta is just one example of how Europe’s art world is being torn by debates about Israel and Gaza, as some institutions have moved to postpone the shows of artists who have criticized Israel. Documenta was initially staged in 1955 as the first large-scale exhibition in West Germany of the art of the European avant-garde. It was a direct response to the Degenerate Art Show, the denunciatory exhibition of modern art staged by the Nazis in Munich in 1937. Although the mural was taken down, it set off a monthslong debate in Germany’s art world about antisemitism, Palestinian activism and Germany’s relationship to formerly colonized countries. Hoskote said Documenta was one of the art world’s greatest events, partly because it had always been a forum for new ideas.

Persons: Documenta’s, — Simon Njami, Gong Yan, Kathrin, Inés Rodríguez, —, ”, Bracha Lichtenberg Ettinger, Ranjit Hoskote, Anaïs Duplan, Ai Weiwei, ” Ai, Ai, Galerie Max Hetzler, Lisson’s, Claudia Roth, Documenta, Hoskote Organizations: Venice Biennale, Folkwang, Israel, Art Newspaper, Galerie Max, Berlin, Die Locations: Israel, Kassel, Germany, Gaza, Venice, India, Essen, Haitian, United States, B.D.S, London, Lisson, New York, Paris, West Germany, Munich, Nazi, Indonesia

The suit - against DeSantis, a 2024 Republican presidential hopeful, and several state university system officials - seeks a preliminary injunction to a state order blocking SJP from receiving school funds and using campus facilities. At least two Florida universities - the University of Florida and the University of South Florida - have SJP chapters. Brandeis University has also banned SJP indefinitely, and Columbia University and George Washington University have suspended the group. The schools have cited the national organization's support for the Hamas attack and said their campus chapters violated school policies. Brian Hauss, senior staff attorney with the ACLU Speech, Privacy and Technology project and counsel in the case, said the student plaintiffs in the state university system were victims of "guilt by association" in this case.

Persons: Eduardo Munoz, Florida's, Ron DeSantis, SJP, George Washington, Florida Chancellor Ray Rodrigues, Brian Hauss, Hauss, Israel, Gabriella Borter, Colleen Jenkins, Howard Goller Organizations: Hamas, Columbia University, REUTERS, American Civil Liberties Union, Palestinian, Justice, University of Florida, University of South, U.S, ACLU, Brandeis University, George Washington University, Columbia, State University System, Florida, Technology, Students for Justice, Thomson Locations: Israel, Palestinian, New York, U.S, Florida’s, Palestine, Florida, University of South Florida, Gaza

☆ Inside WPP's multiyear plan to transform its giant media buying business GroupM
▼ + stars: | 2023-11-14 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +4 min

While GroupM always had country-level P&Ls, it previously let its individual agencies — EssenceMediaCom, Wavemaker, MSix&Partners, and Mindshare — be responsible for their own budgets. This move is the latest in Juhl's plan to make these different media agencies follow similar business practices across all of the markets in which GroupM operates. Under Juhl, GroupM centralized media delivery within a unit called Nexus and centralized all of GroupM's data and technology within a unit called Choreograph. Juhl said that despite the push to streamline its business, GroupM's individual agency brands will continue to operate as separate entities rather than a homogenous media group. WPP said last month it will reveal more details about its plans to simplify GroupM at its Capital Markets Day in January.

Persons: Christian Juhl, GroupM, Juhl, —, Publicis, EssenceMediaCom, Mindshare, Kirk McDonald Organizations: Business, Ls, MSix, Partners, Groupe, Unilever, North America, WPP Locations: GroupM, China

☆ US Supreme Court to hear NRA free speech case against New York official
▼ + stars: | 2023-11-03 | by ( John Kruzel | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +4 min

It represents the latest case to come before the Supreme Court involving the NRA, a group closely aligned with Republicans that has opposed gun control measures and backed pivotal lawsuits that have widened U.S. gun rights. The NRA was founded in New York in 1871 and was incorporated as a non-profit in the state. At issue was whether Vullo wielded her regulatory power to coerce New York financial institutions into cutting ties with the NRA in violation of its free speech rights under the First Amendment. Circuit Court of Appeals in 2022 said those also should have been dismissed, prompting the NRA's appeal to the Supreme Court. The NRA has been engaged in an extensive legal fight with the state of New York separate from the case involving Vullo.

Persons: Maria Vullo, Vullo, Lloyd's, Andrew Cuomo, Democrat Letitia James, James, John Kruzel, Andrew Chung, Will Dunham Organizations: U.S, Supreme, National Rifle Association, New York's Department of Financial Services, NRA, Republicans, New, Democratic, U.S . Congress, Parkland, Vullo, Circuit, Democrat, Republican, Thomson Locations: New York, Parkland , Florida, London, York, United States, Manhattan, . New York, Texas, Washington

☆ Anti-Semitic riot in Russia's Dagestan leaves some local Jews shaken
▼ + stars: | 2023-11-02 | by ( ) www.reuters.com time to read: +4 min

[1/5] A view of gravestones at a Jewish cemetery in the ancient city of Derbent on the Caspian Sea coast in the Caucasus region of Dagestan, Russia, November 2, 2023. With row after row of gravestones engraved with the Star of David or portraits and pictures of the dead, Derbent's Jewish cemetery gives an indication of how large this coastal city's Jewish population once was. One of a string of enclaves of so-called Mountain Jews that pepper both Russia's Caucasus and neighbouring Azerbaijan, Derbent's Jews still speak a dialect of Persian that evokes their hometown's rich history. Today there are barely 2,000 Jews still living in Dagestan, once home to 10 times that." Alexander Fedotov, who was visiting Derbent's Jewish cemetery with Zoya Solomonova, said he thought the airport riot had been planned by someone intent on spoiling ties between Russia and Israel.

Persons: Kazbek Basayev, Zoya Solomonova, Vladimir Putin, David, Derbent's, Derbent, Shneor Segal, Alexander Fedotov, Eduard Ilgiyaev, I've, I'm, Andrew Osborn, Felix Light, Daniel Wallis Organizations: REUTERS, West, Star, Reuters, Thomson Locations: Derbent, Caucasus, Dagestan, Russia, St Petersburg, Makhachkala, Tel Aviv, Gaza, Ukraine, Soviet Union, Israel, Moscow, Chechnya, Azerbaijan

☆ Oil nearly flat as macroeconomic concerns contend with tighter U.S. supply
▼ + stars: | 2023-10-25 | by ( ) www.cnbc.com time to read: +1 min

A view of oil platform Emmy off the coast of Huntington Beach at dusk Thursday, October 14, 2021. Oil prices were nearly flat on Wednesday as signs of tighter U.S. supplies countered economic data that dampened the outlook for energy demand. That went against eight analysts polled by Reuters who had estimated on average that crude inventories were up by about 200,000 barrels for the week. Meantime, euro zone business activity data took a surprise downturn this month, suggesting the bloc may slip into recession, which would drag on the outlook for oil demand. Investors kept an eye on the Middle East as well, as market participants fear a widening of the conflict there could roil oil markets and disrupt supplies.

Organizations: Brent, U.S, West Texas, American Petroleum Institute, Reuters, Bank of, Investors Locations: Huntington Beach, United States, Canada, Russia, Israel, Gaza, Palestinian

☆ Argentina heads to the polls in grip of fierce economic crisis
▼ + stars: | 2023-10-22 | by ( Nicolás Misculin | ) www.reuters.com time to read: +3 min

Workers load ballot boxes and voting material into a truck, ahead of the presidential election, in Buenos Aires, Argentina October 21, 2023. Milei, pledging to "chainsaw" the economic and political status quo, is the candidate to beat, with angry voters flocking to his tear-it-all-down message, fed up with inflation at 138% and poverty affecting over two-fifths of the population. Massa, current economy chief, remains in the running despite overseeing inflation hitting triple digits for the first time since 1991. He is pledging to cut the fiscal deficit, stick with the peso and defend the Peronist social welfare safety net. Pollsters see her as the most likely of the top three runners to miss out on a second round.

Persons: Mariana Nedelcu, Argentina's, Javier Milei, Sergio Massa, Patricia Bullrich, Milei, Federico Aurelio, Donald Trump, Jair Bolsonaro, Massa, Bullrich, Nicolas Mercado, Flavia Vázquez, Pollsters, Nicolas Misculin, Adam Jourdan, Chizu Organizations: REUTERS, American, Peronist Economy, International Monetary Fund, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, China, Brazil

☆ Argentina Heads to the Polls in Grip of Fierce Economic Crisis
▼ + stars: | 2023-10-22 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +3 min

Milei, pledging to "chainsaw" the economic and political status quo, is the candidate to beat, with angry voters flocking to his tear-it-all-down message, fed up with inflation at 138% and poverty affecting over two-fifths of the population. Amid this crisis Milei has risen abruptly, pledging shock therapy to fix the economy including dollarizing, shutting the central bank, slashing the size of government drastically and privatizing state entities. Massa, current economy chief, remains in the running despite overseeing inflation hitting triple digits for the first time since 1991. He is pledging to cut the fiscal deficit, stick with the peso and defend the Peronist social welfare safety net. Pollsters see her as the most likely of the top three runners to miss out on a second round.

Persons: Argentina's, Javier Milei, Sergio Massa, Patricia Bullrich, Milei, Federico Aurelio, Donald Trump, Jair Bolsonaro, Massa, Bullrich, Nicolas Mercado, Flavia Vázquez, Pollsters, Nicolas Misculin, Adam Jourdan, Chizu Organizations: Reuters, American, Peronist Economy, International Monetary Fund Locations: Misculin BUENOS AIRES, China, Brazil, Buenos Aires

This remote town is also where an alleged graft and money-laundering scheme related to the El Calafate hotels owned by the Kirchner family took place. In El Calafate, architect Walter Pieroni said some properties on the edge of the main commercial center could go days without water because of poor planning. In Santa Cruz, a province of some 333,000 people, fixing things was once the role of the Kirchners. Under the Kirchners, an airport was built in El Calafate, roads were paved to the glaciers, and plots of land were distributed to locals. "But they created a model that does not work and now our children have no future in this country," said Feldman, who has lived in El Calafate since 1987.

Persons: RIO, Alicia Kirchner, Kirchner, Javier Milei, Milei, " Kirchner, Nestor Kirchner, Cristina Fernandez de Kirchner, Fernandez de Kirchner, Alberto Fernandez, Patricia Bullrich, Sergio Massa, Santa Cruz, Brian Franco, Moreno, Franco, Eugenio Quiroga, El, Walter Pieroni, Weeks, Pieroni, Guillermo Carnevale, Peronist Fernandez, Mauricio Macri, Kirchnerism, Ana, Guerrero, hadn't, We've, Danny Feldman, Feldman, Lucinda Elliott, Adam Jourdan, Daniel Wallis Organizations: Peronist, Reuters, International Monetary Fund, El, Suppliers, Thomson Locations: Argentina, Rio Gallegos, Santa Cruz, Santa, China, Brazil, El Calafate, Spain, Germany, Buenos Aires

☆ Falling stocks, climbing mortgage rates: how 5% Treasury yields could roil markets
▼ + stars: | 2023-10-20 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +5 min

Expectations that the Federal Reserve will keep interest rates elevated and mounting U.S. fiscal concerns are among the factors driving the move. Because the $25-trillion Treasury market is considered the bedrock of the global financial system, soaring yields on U.S. government bonds have had wide-ranging effects. "The longer we remain at higher interest rates, the more likely something is to break." Elon Musk warned that high interest rates could sap electric-vehicle demand, which knocked shares of the sector on Thursday. Reuters GraphicsThe U.S. dollar has advanced an average of about 6.4% against its G10 peers since the rise in Treasury yields accelerated in mid-July.

Persons: Brendan McDermid, Gennadiy Goldberg, Jerome Powell, Powell, Elon Musk, Tesla’s, gravitating, Athanasios Vamvakidis, Saqib Iqbal Ahmed, Ira Iosebashvili, Stephen Coates Organizations: New York Stock Exchange, REUTERS, Treasury, Federal Reserve, TD Securities, Reuters, Global Research, Reuters Graphics, ICE, Fed, Thomson Locations: New York City, U.S, New York, Treasuries

☆ Fed Chair Powell to deliver remarks during uncertain moment for the US economy
▼ + stars: | 2023-10-19 | by ( Bryan Mena | ) edition.cnn.com time to read: +4 min

Washington, DC CNN —Federal Reserve Chair Jerome Powell is set to deliver remarks during a moderated discussion hosted by the Economic Club of New York at 12 pm ET on Thursday. The yield on the benchmark 10-year US Treasury note reached its highest level since 2007 on Wednesday, while 30-year Treasury yields breached the 5% mark. That’s a welcome development for the Fed, but officials aren’t quite yet ready to declare victory. Inflation is still above the Fed’s 2% target, and officials have said they need to see further evidence of the economy cooling. Employers added a robust 336,000 jobs in September, while the unemployment rate held at a low 3.8% that month.

Persons: Jerome Powell, Philip Jefferson, That’s, ”, Mary Daly Organizations: DC CNN — Federal, Economic, of New, Treasury, ” San Francisco Fed, Traders, Commerce Department Locations: Washington, of New York, June’s, ” San, Israel

Biden’s diplomatic task gets harderPresident Biden landed in Israel on Wednesday for a high-wire diplomatic mission that is facing new challenges by the minute. All that threatens to become what investors have feared: a rapid escalation of violence that could roil markets, upsetting a fragile global economy. Before departing for Israel, Biden said he was “outraged and deeply saddened” by the blast at Ahli Arab Hospital. Palestinians blamed an Israeli airstrike, and Israelis cited an errant rocket fired by an armed Palestinian faction. Israeli forces are clashing with Iranian-backed Hezbollah forces based in southern Lebanon.

Persons: Biden, Jordan, Benjamin Netanyahu, ” Organizations: of Islamic Cooperation, Israel, Arab Hospital Locations: Israel, Gaza, Iran, Palestinian, Lebanon

☆ 'I'd been suicidal for days': Sam Bankman-Fried lieutenant testifies about immense pressure to keep FTX crypto scam going — before it all crashed
▼ + stars: | 2023-10-17 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +13 min

He testified at the Sam Bankman-Fried trial that he was 'suicidal' over the crypto scam. AdvertisementAdvertisement"I've always been intimidated by Sam," Singh testified Monday. Before the September 2022 realization that Alameda was taking FTX customer money, Singh had participated in fraudulent activity in other ways. When he returned, the FTX CEO told Singh that he believed he could get $5 billion more in investments, Singh testified. As the chaos continued to roil FTX, Bankman-Fried, Ellison, and other executives pointed fingers at each other while employees and customers demanded answers, Singh said.

Persons: Nishad Singh, Sam Bankman, —, Singh, Gary Wang, Caroline Ellison, Wang, Fried, unsurprised, Ellison —, Ellison, FTX wouldn't, he'd, Gabe Bankman, Adam Yedidia, Singh —, Ryan Salame —, Singh's, Sam, FTX, Mary Altaffer, Anthony Scaramucci, Seth Wenig, Salame —, funneling, Coindesk, FTX —, Binance, Jane Rosenberg Bankman, Bankman, I'd, roil Organizations: Service, Alameda Research, Bankman, Alameda, AP, Democratic, Prosecutors, REUTERS Locations: Alameda, FTX, Bahamas, Manhattan, New York, Bankman

☆ 'Higher for longer' isn't just about rates: Here's how to play elevated everything
▼ + stars: | 2023-10-14 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Each "higher for longer" item carries investment implications. Here's a look at how each category breaks down: Interest rates "I do subscribe to the new moniker, 'higher for longer.' That statement came from someone who nevertheless thinks the central bank doesn't have to take rates any higher than where they are now. Defense spending Geopolitical tensions, such as the wars in Ukraine and Israel, as well as the "cold war in Asia," should lead to an increase in defense spending around the world. In 2022, global defense spending hit a record $2.2 trillion, Quinlan said, citing Stockholm International Peace Institute data.

Persons: Joseph Quinlan, Merrill Lynch, Quinlan, Patrick Harker Organizations: Federal Reserve, Bank of America Private Bank, Philadelphia Fed, Investors, Defense, Stockholm International Peace Institute Locations: Israel, U.S, Ukraine, Asia, Stockholm, Washington

☆ Harvard is temporarily closing off its historic center to visitors at night, as backlash continues to roil against students blaming Israel for Hamas' attacks
▼ + stars: | 2023-10-13 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Harvard told students in an email that its historic center would be closed to non-ID holders nightly until Monday, the Harvard Crimson reported. Harvard Yard is the oldest part of the university campus and is where most freshman dormitories are housed. The move comes amid an escalating backlash against student groups that cosigned a letter blaming Israel for the Hamas attacks. AdvertisementAdvertisementHarvard is closing off its historic center, Harvard Yard, to visitors at night until Monday, amid an escalating backlash against students who cosigned a letter blaming Israel for the Hamas attacks, the Harvard Crimson reported Thursday, citing an email sent to students. Harvard Yard is a 25-acre green space that is the oldest part of the university campus and is where most freshman dormitories are housed.

Persons: Israel, —, Meredith Weenick, Bill Ackman, Larry Summers, Jason Furman, Boaz Barak, Harvard Hillel Organizations: Harvard, Harvard Crimson, Service, Harvard Yard, Harvard University Police Department Locations: Israel

☆ Viasat won't replace damaged Americas satellite, moves up financial targets
▼ + stars: | 2023-10-12 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

A long-exposure photo shows a trail left by SpaceX's Falcon Heavy rocket while launching the ViaSat-3 Americas satellite from Florida on April 30, 2023. Viasat shares rose on Thursday after the company said it expects to meet financial growth targets earlier than expected and that it won't need to replace a damaged $750 million communications satellite. Viasat expects to be free cash flow positive in the first half of 2025, earlier than the second half of 2025 it previously forecast. The company in July disclosed the malfunction with the recently launched Viasat-3 Americas satellite, also known as "ViaSat-3 F1," that occurred while deploying the reflector of the spacecraft's antenna. Together, the pair of Viasat insurance claims total $768 million, which industry executives previously expected would roil the specialty space insurance market.

Organizations: ViaSat, Viasat Locations: Florida, Americas

As of now, neither House Majority Leader Steve Scalise nor Rep. Jim Jordan – the two declared GOP candidates in the race – have locked down 217 votes, the necessary number to be elected speaker by a majority vote of the full chamber. The uncertain vote math has raised questions over how and when the GOP majority will be able to elect a new speaker, particularly as infighting continues to roil House Republican ranks. “I’d put it at 2%,” he said when asked by a reporter what the chances are there will be a new House speaker by Wednesday. After his removal as speaker in a historic vote last week, McCarthy announced he would not run again for the post. Read more about the race for House speaker here.

Persons: Kevin McCarthy’s, Steve Scalise, Jim Jordan –, Mike Garcia, it’s, “, Thomas Massie, I’d, ”, McCarthy, Wednesday’s, Read Organizations: Republicans, GOP, Republican, California Republican, Kentucky Locations: California

☆ Billionaire investor Jeff Gundlach warns of a recession as markets roil: 'Buckle up'
▼ + stars: | 2023-10-04 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

"If the unemployment rate ticks up just a couple of tenths it will be recession alert," Gundlach wrote on X. AdvertisementAdvertisementBond-market turmoil could be a sign that a recession is on the way, Jeff Gundlach has warned. "The US Treasury yield curve is de-inverting very rapidly," Gundlach wrote in a post on X. That "should put everyone on recession warning, not just recession watch," he added. That's led to the gap in returns offered by 2- and 10-year Treasurys narrowing to just 33 basis points, for the tightest yield curve since late March.

Persons: Jeff Gundlach, Gundlach, Buckle, —, That's, –, David Lebovitz Organizations: DoubleLine, Service, Treasury, Federal Reserve, London School of Economics, JPMorgan

Naming Laphonza Butler to fill the late Sen. Dianne Feinstein's seat appears to meet California Gov. Or has Newsom just given Butler a massive boost in becoming the Golden State's fourth elected female senator? And while critics have pointed out that her address until the appointment was in Maryland, Butler "is deeply ingrained in the DNA of California politics." Butler, who will be sworn into the Senate this week, Senate Majority Leader Chuck Schumer said Monday morning, hasn't indicated whether she wants to stay in the job. She will become the first openly lesbian Black senator and the second Black female senator from California (Vice President Kamala Harris was the first).

Persons: Laphonza Butler, Sen, Dianne Feinstein's, Gavin Newsom's, Newsom, Butler, Feinstein, Adam Schiff, Katie Porter, Barbara Lee, Porter, Lee, Mike Madrid, I'm, Chuck Schumer, hasn't, Ron DeSantis, Kamala Harris, Emily’s, Dianne Feinstein, –, Aimee Allison, Ted Limpert, Limpert, Schiff, Michael Thorning, Thorning Organizations: California Gov, Democratic, Schiff, Republican, Florida Gov, Senate, Congressional Black Caucus, Press, CNN, UC Berkeley, Center, – Locations: California, Maryland, Madrid, Florida, Washington, Golden State

Shares in Asia were mostly lower on Monday, with Tokyo the only major regional market to advance, after Wall Street wheezed to more losses with its worst week in six months. Worries over China’s property sector, a U.S. government shutdown and the continued strike by American autoworkers were weighing on investor sentiment. The retreat has deepened with Wall Street’s growing understanding that interest rates likely won’t come down much anytime soon. Pressure has built on Wall Street as yields in the bond market climbed to their highest levels in more than a decade. The Nasdaq composite, which is full of tech and other high-growth stocks, slumped 3.6% for its worst week since March.

Persons: Hang Seng, Australia's, They’d, Shawn Fain, Ford, It’s, Brent Organizations: American, China Evergrande, Dow Jones, Nasdaq, Federal Reserve, U.S, Motors, United Auto Workers, Auto, Treasury, that’s, Nvidia, Microsoft’s, Activision, Microsoft, New York Mercantile Exchange Locations: Asia, Tokyo, U.S, China, Shanghai, Seoul, American

Federal agencies will stop all actions deemed non-essential, and millions of federal employees, including members of the military, won't receive paychecks. A shutdown happens when Congress fails to pass some type of funding legislation that is signed into law by the president. Millions of federal workers face delayed paychecks when the government shuts down, including many of the roughly 2 million military personnel and more than 2 million civilian workers across the nation. Nearly 60% of federal workers are stationed in the Defense, Veterans Affairs and Homeland Security departments. Beyond federal workers, a shutdown could have far-reaching effects on government services.

Persons: Kevin McCarthy's, Goldman Sachs, “, General Merrick Garland, Donald Trump, Hunter Biden, Joe Biden, Trump, Republicans defund, Benjamin Civiletti, Bill Clinton's, Newt Gingrich, isn't, Fatima Hussein, Lindsay Whitehurst, Josh Boak, Lisa Mascaro Organizations: WASHINGTON, Democratic, Republican, WHO, Defense, Veterans Affairs and Homeland Security, Transportation Security, Postal Service, U.S . Travel Industry Association, Lawmakers, U.S . Chamber, Commerce, Republicans, U.S, Democrats, Senate, Associated Locations: shutdowns

☆ The U.S. federal government is headed into a shutdown. What does it mean, who’s hit and what’s next?
▼ + stars: | 2023-09-23 | by ( ) www.cnbc.com time to read: +6 min

Persons: Samuel Corum, Kevin McCarthy's, Goldman Sachs, General Merrick Garland, Donald Trump, Hunter Biden, Joe Biden, Trump, Republicans defund, Benjamin Civiletti, Bill Clinton's, Newt Gingrich Organizations: Getty, Democratic, Republican, Defense, Veterans Affairs and Homeland Security, Transportation Security, Postal Service, U.S . Travel Industry Association, Lawmakers, U.S . Chamber, Commerce, Republicans, U.S, Democrats Locations: Washington , DC, shutdowns

The U.S. National Hurricane Center discontinued a tropical storm warning for the coast of Maine, while Environment Canada ended its tropical storm warning in New Brunswick. Political Cartoons View All 1163 ImagesA tropical storm warning remained in effect for parts of New Brunswick, Nova Scotia, Prince Edward Island and the Magdalen Islands. Lee flooded coastal roads in Nova Scotia and took ferries out of service while fanning anxiety in a region still reeling from wildfires and severe flooding this summer. In eastern Maine, winds died down enough by late afternoon Saturday for utility workers to begin using bucket trucks to make repairs. Central Maine Power and Versant Power had hundreds of workers, including out-of-state crews, assisting the effort.

Persons: Lee, Prince Edward Island, Pam Lovelace, “, Brian Lunt, Lunt, Power, ”, Sarah Thunberg, Billy Bob Faulkingham, Danny Mitchell, ” Mitchell, Betsy Follansbee, Fred, jogged, “ We’re, ” Follansbee, Maine’s, Ren Renton, Sandy, Hurricane Fiona, Jill Maepea, ___ Sharp, Robert Bumsted, Patrick Whittle, Michael Casey, Mark Thiessen, Rob Gillies, Kathy McCormack Organizations: BAR, Maritime, U.S, National Hurricane Center, Environment Canada, Canadian, Magdalen, Authorities, Halifax Stanfield International, New Brunswick, Police, Central Maine Power, National Weather Service, Republican, Maine Legislature, Winter Harbor Police, Associated Press Locations: Maine, New England, Maritime Canada, New Brunswick, Halifax , Nova Scotia, Eastport , Maine, Maine , New Brunswick, Nova Scotia, U.S, Bar Harbor , Maine, Acadia, Halifax, New, Searsport , Maine, Massachusetts, Portland , Maine, Bar Harbor, Higgins, Scarborough , Maine, Maine’s Bailey, of Maine, New York, New Jersey, Hurricane, Canada, Canadian, England, Cape Elizabeth , Maine, Boston, Rio, Las Vegas, Anchorage , Alaska, Toronto, Concord , New Hampshire

☆ Argentina government expects economic rebound, inflation slowdown in 2024
▼ + stars: | 2023-09-16 | by ( ) www.reuters.com time to read: +1 min

BUENOS AIRES, Sept 16 (Reuters) - Argentina's economy is expected to grow 2.7% in 2024 after contracting 2.5% this year, according to a budget proposal sent by the economy ministry to Congress late on Friday. The government also expects the country to have an annual inflation rate of 135.7% in 2023 and 69.5% in 2024. The budget proposal also shows the government expects the country's currency to weaken sharply next year to 607 pesos per dollar from the 365.9 pesos per dollar expected for 2023. Monthly inflation hit 12.4% in August, the highest figure since 1991. Reporting by Hernan Nessi; Writing by Carolina Pulice; Editing by Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Hernan Nessi, Carolina Pulice, Paul Simao Organizations: International Monetary Fund, Thomson Locations: BUENOS AIRES

Newly installed Foreign Minister Qin Gang vanished with scant explanation in July, the same month as an abrupt shake-up of the military's elite Rocket Force, which oversees China's nuclear arsenal. China's Foreign Ministry did not immediately respond to a request for comment on Saturday. PROXIMITY ISN'T PATRONAGERegarding Defence Minister Li's disappearance and investigation, a ministry spokeswoman told reporters on Friday she was not aware of the situation. With corruption long permeating China's military and state institutions, some analysts and diplomats believe Xi's anti-graft crackdowns mark political purges across the Communist Party. If Li's fate "reflects Xi's increasingly inward focus, it is not good for those of us who want greater openness and lines of communications with China's military," said one Asian diplomat.

Persons: Xi Jinping, GIANLUIGI, Xi Jinping's, Li Shangfu, Qin Gang, Drew Thompson, Thompson, Li's, Li, Helena Legarda, Alexander Neill, Zhang Youxia, Lloyd Austin, Austin, Ja Ian Chong, Chong, Greg Torode, Martin Quin Pollard, William Mallard Organizations: Rights, Reuters, Foreign, Rocket Force, Pentagon, National University of Singapore, State Council and Defence Ministry, People's Liberation Army, PLA, Communist Party, Mercator Institute for China Studies, Hawaii's, Military Commission, Washington, U.S . Defence, Pacific ., East, South China Seas, Thomson Locations: Sandton, Johannesburg, South Africa, Rights BEIJING, India, China, Russia, Belarus, Beijing, Jakarta, Berlin, Singapore, Washington, Asia, Pacific, Taiwan, South, East China, South China, Hong Kong

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