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☆ Frustration grows in search for Acapulco sailors lost in hurricane
▼ + stars: | 2023-11-17 | by ( Troy Merida | ) www.reuters.com time to read: +2 min

ACAPULCO, Mexico, Nov 17 (Reuters) - Families of Mexican sailors missing since Hurricane Otis last month devastated the seaside resort of Acapulco are pleading for more help in the search for loved ones, frustrated by a lack of progress and government assistance. In Acapulco, many sailors jumped on their moored boats to sail them to what they believed were safer parts of the bay as storms move in. Susana Ramos Villa, 32, said people who cannot afford to go out to sea to search for relatives need government assistance. Alejandro Alexander González, an Acapulco Port official, said between 30-40 people are looking for missing sailors. "Before we begin to remove the larger vessels, the yachts, we're doing an intense search to locate bodies," he said.

Persons: Hurricane Otis, Otis, Yesenia Soriano, Andres Manuel Lopez Obrador, Susana Ramos Villa, Villa, Alejandro Alexander González, Troy Merida, Drazen Jorgic, Aurora Ellis Organizations: Hurricane, Mexican Navy, Acapulco Port, Mexican Association of Insurance Companies, Thomson Locations: ACAPULCO, Mexico, Acapulco, Mexican

☆ Explainer: What you need to know about Argentina's presidential election run-off
▼ + stars: | 2023-11-17 | by ( Maximilian Heath | ) www.reuters.com time to read: +4 min

BUENOS AIRES, Nov 17 (Reuters) - Argentina will vote in a run-off presidential election on Sunday, with Peronist Economy Minister Sergio Massa taking on libertarian outsider Javier Milei to determine the future of the region's second largest economy. It has one of the largest reserves of electric vehicle battery lithium, and huge shale gas and oil potential. Massa, the current government's wheeler-dealer 51-year-old economy chief, represents the ruling Union por la Patria (UP) coalition. The registry for the 2023 election is 35.4 million people and Argentines abroad can vote. In the runoff, the candidate who obtains the greatest number of total votes wins and would govern for a four-year term.

Persons: Sergio Massa, Javier Milei, Alberto Fernandez, Juan Peron, Evita, Donald Trump, Jair Bolsonaro, Massa, Milei, Patricia Bullrich, Juan Schiaretti, Pollsters, Maximilian Heath, Adam Jourdan, Andrew Cawthorne Organizations: Peronist Economy, Peronist, CARE, Monetary, WHO, La Libertad Avanza, U.S, la Patria, Pellegrini, Argentine Ministry of, REUTERS, Massa, WHAT'S, Investors, Thomson Locations: BUENOS AIRES, Argentina, China, Latin America, Brazilian, Peronism, Buenos Aires, Milei, Peronist

☆ Frustration Grows in Search for Acapulco Sailors Lost in Hurricane
▼ + stars: | 2023-11-17 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

By Troy MeridaACAPULCO, Mexico (Reuters) - Families of Mexican sailors missing since Hurricane Otis last month devastated the seaside resort of Acapulco are pleading for more help in the search for loved ones, frustrated by a lack of progress and government assistance. In Acapulco, many sailors jumped on their moored boats to sail them to what they believed were safer parts of the bay as storms move in. Susana Ramos Villa, 32, said people who cannot afford to go out to sea to search for relatives need government assistance. Alejandro Alexander González, an Acapulco Port official, said between 30-40 people are looking for missing sailors. "Before we begin to remove the larger vessels, the yachts, we're doing an intense search to locate bodies," he said.

Persons: Troy Merida, Hurricane Otis, Otis, Yesenia Soriano, Andres Manuel Lopez Obrador, Susana Ramos Villa, Villa, Alejandro Alexander González, Drazen Jorgic, Aurora Ellis Organizations: Hurricane, Mexican Navy, Acapulco Port, Mexican Association of Insurance Companies Locations: Troy Merida ACAPULCO, Mexico, Acapulco, Mexican

FORT LAUDERDALE, Fla. (AP) — Tiger Woods ' ex-girlfriend has dropped her lawsuits against the golf superstar and the trust that owns his Florida mansion, saying she never accused him of sexual harassment even though her attorney has made that claim. She had claimed that Woods promised she could live at the 30,000-square-foot (2,800-square meter) beachfront mansion until 2026 but kicked her out unexpectedly last year. Woods' attorney, J.B. Murray, declined to comment. Hodas argued the nondisclosure agreement was unenforceable under a new federal law that says such contracts can be voided when sexual abuse or sexual harassment occurred. “A boss imposing different work conditions on his employee because of their sexual relationship is sexual harassment,” Hodas wrote in a May filing.

Persons: Woods, Erica Herman, “, Tiger Woods, Benjamin Hodas, Hodas, Murray, Herman, Herman didn't, ” Hodas, Elizabeth Metzger, Herman’s, ” “ Herman, ” Metzger Organizations: Forbes Magazine Locations: FORT LAUDERDALE, Fla, Florida, J.B, Palm Beach, Beach County

☆ Aircraft carriers aren't the Russian navy's only problem. It has also struggled for decades to build jets for them.
▼ + stars: | 2023-11-15 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +10 min

Russia's sole aircraft carrier, Admiral Kuznetsov, has been out of action for years for repairs. AdvertisementIn July, Russian state media reported that Russia's sole aircraft carrier, Admiral Kuznetsov, could return to active service by the end of 2024. AdvertisementYakovlev Yak-38A Yak-38 on the deck of a Soviet aircraft carrier in October 1985. Even the updated Yak-36M, with a longer range and double the payload, was underpowered compared to NATO carrier aircraft. At least four Yak-38s operated alongside other Soviet jets from a base in the country's southwest in 1980.

Persons: Admiral Kuznetsov, —, Kuznetsov, Yakovlev, Hawker, Su, Andrei Luzik, Gorhskov, ARUN SANKAR Organizations: Soviet, Service, Kuznetsov, US, Soviets, Hawker Siddeley, —, Minsk, US Navy, NATO, Getty, Indian Navy, Mikoyan, Russian, Vikrant, Getty Images, India's Locations: Moscow, Russia, Soviet, Kiev, Soviet Kiev, Afghanistan, India, Delhi, Syria

[1/2] FILE PHOTO: Robotic arms assemble cars in the production line for Leapmotor's electric vehicles at a factory in Jinhua, Zhejiang province, China, April 26, 2023. Retail sales, a gauge of consumption, rose 7.6% in October, quickening from a 5.5% gain in September and hitting the fastest growth since May. Analysts had expected retail sales to grow 7.0% due to the low base effect in 2022 when COVID curbs disrupted consumers and businesses. The PBOC has cut banks' reserve requirement ratio (RRR) twice this year to free up liquidity to aid the economic recovery. Fixed asset investment expanded 2.9% in the first 10 months from the same period a year earlier, versus expectations for a 3.1% rise.

Persons: Xing Zhaopeng, Albee Zhang, Liangping Gao, Shri Navaratnam Organizations: REUTERS, Rights, National Bureau of Statistics, Analysts, ANZ, People's Bank of China, Bloomberg, Thomson Locations: Jinhua, Zhejiang province, China, Rights BEIJING, quickening

☆ China c.bank boosts liquidity injection through policy loan, rate unchanged
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +4 min

A gardener works outside the headquarters of the central bank of the People's Republic of China in Beijing October 8, 2008. REUTERS/Jason Lee (CHINA) Acquire Licensing RightsSHANGHAI/SINGAPORE, Nov 15 (Reuters) - China's central bank ramped up liquidity injection but kept the interest rate unchanged when rolling over maturing medium-term policy loans on Wednesday, matching market expectations. The central bank said the loan operation was meant to maintain banking system liquidity reasonably ample to counteract short-term factors including tax payments and government bond issuance. All 31 market watchers polled by Reuters this week had expected the central bank to inject fresh funds to exceed the maturity. The most likely outcome is for PBOC to inject more support through open market operations, while leaving the MLF rate unchanged."

Persons: Jason Lee, Carlos Casanova, corporates, Xing Zhaopeng, Winni Zhou, Tom Westbrook, Christian Schmollinger, Stephen Coates Organizations: REUTERS, Rights, People's Bank of China, Reuters, AAA, ANZ, Thomson Locations: People's Republic of China, Beijing, China, CHINA, Rights SHANGHAI, SINGAPORE, Asia, UBP, United States

☆ G.M.’s Contract Deal With U.A.W. Faces Surprisingly Stiff Opposition
▼ + stars: | 2023-11-15 | by ( Neal E. Boudette | More About Neal E. Boudette | ) www.nytimes.com time to read: +1 min

A United Automobile Workers union vote on a tentative contract agreement with General Motors that provides record wage increases has run into unexpectedly strong resistance from veteran workers. A majority of workers at several large plants in Michigan, Indiana and Tennessee rejected the contract, though union members at a large sport utility plant in Arlington, Texas, voted in favor of it. G.M., Ford Motor and Stellantis agreed to similar contracts with the union after U.A.W. Workers walked off the job at the first three plants on Sept. 15 and stayed on strike for more than 40 days. The agreement appears to be headed for ratification at Ford and Stellantis, the maker of Chrysler, Jeep and Ram vehicles, by comfortable margins, according to running tallies the U.A.W.

Organizations: United Automobile Workers, General Motors, Ford Motor, Workers, Ford, Chrysler, Jeep Locations: Michigan , Indiana, Tennessee, Arlington , Texas

☆ US producer prices unexpectedly fall in October
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +2 min

Goods prices dropped 1.4% in October, with a 15.3 plunge in gasoline prices accounting for more than 80% of the decline. Goods prices rose 0.8% in September. Food prices fell 0.2%. Excluding the volatile energy and energy components, goods prices edged up 0.1% last month. These so-called core goods prices rose 0.2% in September.

Persons: Lucia Mutikani Organizations: Labor Department's Bureau of Labor Statistics, PPI, Reuters, Fed, Thomson Locations: U.S

☆ MIT neuroscientist: 3 'remarkable' things that happen to your brain when you get rich
▼ + stars: | 2023-11-15 | by ( Dr. Tara Swart Bieber | ) www.cnbc.com time to read: +3 min

Imagine waking up one morning and discovering that your financial circumstances have taken an extraordinary turn: you just received a huge financial windfall. As a MIT neuroscientist, I've always been fascinated by the intricate dance that occurs within the brain during these life-altering moments. Here are three remarkable things that happen to your brain when you unexpectedly receive a large sum of money overnight:1. As reality sinks in, bargaining could emerge, as the individual negotiates with themselves about how to manage the newfound wealth. Ultimately, acceptance can settle in, as the individual works through their changed reality and forges a path forward with their newfound wealth.

Persons: I've, —

☆ E-Flight Challenge pitched a car against a plane -- and the car won
▼ + stars: | 2023-11-14 | by ( Miquel Ros | ) edition.cnn.com time to read: +12 min

Members of the E-Flight Challenge team lined up to watch the battery-powered airplane gracefully descend on the island of Norderney, just off the northwest coast of Germany. The long road ahead for electric aviationYou could say that the E-Flight Challenge takes its inspiration from the early days of aviation. The Elektra Trainer used in the E-Flight Challenge, for example, can carry a maximum of two people. Miquel RosIn this context, the E-flight Challenge served as an illustration of the challenges of electric flight – but also of its promise. The progress compared to just three years ago has been astonishing!” explains Morell Westermann, one of the E-Flight Challenge initiators.

Persons: Louis, Charles Lindbergh’s, Heart Aerospace –, –, Miquel Ros Italy’s Tecnam, China’s, Cuberg, ” Robin Riedel, Riedel, Norbert Werle, Tesla, Werle, ”, John Langford, Miquel Ros, Morell Westermann, Westermann Organizations: CNN, Lucid Motors Air, Louis Blériot’s, Channel, Heart Aerospace, United Airlines, Royce, Norwegian, Widerøe, Airbus, Boeing, Aerospace, McKinsey, Alamy, “ Aircraft, Lucid Motors Locations: Norderney, Germany, Gelnhausen, Frankfurt, Norway, Swedish, California, Berlin, The Virginia, “, Swiss

☆ Congress is lame fight club now
▼ + stars: | 2023-11-14 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

It's the latest in Congress' centuries of history moonlighting as a sporadic fight club. Breaking with "Fight Club's" first two rules, though, no one in Congress is keeping it a secret. AdvertisementWhat started as a quiet day on Capitol Hill quickly led to Congress devolving into a lame version of "Fight Club." You're pathetic man, you are so pathetic," Burchett reportedly told McCarthy. Around a half-hour later, Burchett told a separate reporter he could "still feel it" after taking a "clean shot to the kidney."

Persons: it's, —, Kevin McCarthy, Tim Burchett, Claudia Grisales, Grisales, McCarthy, Burchett, Matt Gaetz, He's, Gaetz, James Comer, Joe Biden, Jared Moskowitz, Comer, Moskowitz, Sen, Bernie Sanders, Sanders, Markwayne Mullin Organizations: Capitol, Service, Republican, GOP, Democratic, Health, Education, Labor, Pensions, Teamsters, United, Chamber Locations: Congress, Tennessee, Oklahoma, United States, South

☆ How Haley could eclipse DeSantis to become the Trump alternative
▼ + stars: | 2023-11-14 | by ( Ron Brownstein | Analysis Ronald Brownstein | ) edition.cnn.com time to read: +16 min

But many Republican strategists believe that DeSantis’ struggles to connect with voters, and his choice to run at Trump solely from the right, have opened a lane for Haley to eclipse the Florida governor. An array of recent polls, both nationally and in the battleground states, signal that DeSantis and Haley have separated themselves from the rest of the candidates chasing Trump. “Absolutely, Nikki Haley has more upside than DeSantis if they are both viable after the first two,” argued Alex Stroman, a former executive director of the South Carolina GOP. DeSantis, Ayres argued, has “has tried to appeal to some of the ‘always Trump’ voters, but the ‘always Trump’ voters are always Trump for a reason. Nikki Haley seems to have figured out the job is to consolidate the ‘maybe Trump’ voters who supported Trump twice but now … want a different style and different temperament.”Republicans sympathetic to DeSantis argue that it is Haley who has boxed herself in.

Persons: Donald Trump’s, Ron DeSantis, Nikki Haley, Trump, “ You’ve, ”, Tom Rath, Donald Trump, DeSantis, Haley, Republican pollster Whit Ayres, Alice Stewart, Chris Christie, Vivek Ramaswamy, South Carolina Sen, Tim Scott, Scott, Mike Huckabee, Rick Santorum, Ted Cruz, Kim Reynolds, Huckabee, Santorum, Cruz, John McCain, Mitt Romney, ’, Ayres, Rath, George W, Bush, “, ” Dante Scala –, –, Scala, GOPers, ” Haley, McCain, Linus, ‘, ’ ”, he’s, Newt Gingrich, Alex Stroman, DeSantis “, ” Ayres, Ayres ’ “, tellingly, MAGA —, dethroning, ” Scala, Mike Murphy, who’s, Joe Biden, ” Murphy, There’s, Sen, Gary Hart parlayed, Hart, Walter Mondale, Chris Sununu, DeSantis ’, Yogi Berra, ” Rath Organizations: CNN, GOP, Florida Gov, South Carolina Gov, ”, Republicans, Trump, Republican, Washington Post, New, New Jersey Gov, South, Huckabee, New Hampshire GOP, University of New, Romney, South Carolina GOP, “, dethroning Trump, Democratic Locations: Florida, New Hampshire, South Carolina, Iowa, New Jersey, Granite State, University of New Hampshire, After New Hampshire, Gaza, DeSantis, Haley, Iowa , New Hampshire

☆ Milky Way-like galaxy spotted in distant universe by Webb telescope
▼ + stars: | 2023-11-14 | by ( Ashley Strickland | ) edition.cnn.com time to read: +4 min

CNN —Astronomers have spied an intriguing phenomenon in the distant universe — a galaxy that closely resembles the Milky Way — and it’s challenging key theories on how galaxies evolve. Like our home galaxy, the newly discovered ceers-2112 is a barred spiral galaxy, and it’s now the most distant of its kind ever observed. While massive spiral galaxies are common in the Milky Way’s cosmic neighborhood, that hasn’t always been the case. The bars take shape when stars within spiral galaxies rotate in an orderly fashion, as they do in the Milky Way. “The discovery of ceers-2112 paves the way for more bars to be discovered in the young universe,” de la Vega said.

Persons: James Webb, it’s, Webb, “, ”, Luca Costantin, hasn’t, Alexander de la Vega, didn’t, la Vega Organizations: CNN —, James Webb Space, Spanish National Research Council, Centro, Astrobiología, University of California, James Webb Space Telescope Locations: Madrid, Riverside, ceers

REUTERS/Mike Segar/File Photo Acquire Licensing RightsWASHINGTON, Nov 13 (Reuters) - Republican presidential contender Nikki Haley's campaign is reserving $10 million in advertising, her camp said on Monday, as she tries to scoop up supporters of U.S. The ads will be placed on TV, radio and the internet starting in the first week of December in Iowa and New Hampshire, Haley's campaign said. Haley appeared to have caught a small break, however, when Scott unexpectedly dropped out on Sunday night. In state-level polls, Haley typically leads DeSantis in New Hampshire and South Carolina, while DeSantis leads Haley in Iowa. Last week, DeSantis was endorsed by Iowa's governor, Kim Reynolds, who is deeply popular among conservatives in the state.

Persons: Nikki Haley, Adrienne Arsht, Mike Segar, Nikki Haley's, Tim Scott, Haley's, Joe Biden, Haley, Donald Trump, Ron DeSantis, Trump, Scott, DeSantis, Kim Reynolds, Gram Slattery, Ross Colvin, Jonathan Oatis Organizations: South Carolina, Republican, U.S, NBC News, Adrienne, Adrienne Arsht Center, Performing Arts, REUTERS, Rights, South, Democratic, United, Florida, Reuters, Trump, Iowa's, Thomson Locations: Miami , Florida, U.S, Iowa, New Hampshire, United Nations, South Carolina, Iowa , New Hampshire, DeSantis

☆ Under Pressure, Britain’s Leader Tries Another Reset With a Swerve to Center
▼ + stars: | 2023-11-13 | by ( Stephen Castle | More About Stephen Castle | ) www.nytimes.com time to read: +1 min

Prime Minister Rishi Sunak of Britain fired one of his most senior and divisive ministers on Monday, in a reshuffle of his top team that unexpectedly brought a centrist predecessor, David Cameron, back into government. The departure of Suella Braverman as home secretary and the surprise return of Mr. Cameron as foreign secretary were the latest in a series of convulsions that have rocked the governing Conservative Party since the fateful Brexit referendum that Mr. Cameron called in 2016, and signaled the peril facing Mr. Sunak as he nears a general election expected next year. After 13 years in Downing Street, the Conservatives’ grip on power appears to be slipping, with the party trailing Labour by around 20 points in the polls against a challenging economic backdrop, with sluggish growth and inflation eroding living standards, and a public sector under acute strain after years of Conservative-led austerity. Mr. Sunak has tried various gambits to address his party’s unpopularity with voters, weakening environmental targets, pledging to defend motorists and promising tougher sentencing for serious criminals. None seem to have worked.

Persons: Rishi Sunak, David Cameron, Suella, Cameron, Sunak Organizations: Conservative Party, Conservatives, Labour, Conservative Locations: Downing

☆ Stellantis offering buyouts to about half its US salaried employees
▼ + stars: | 2023-11-13 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

REUTERS/David 'Dee' Delgado Acquire Licensing RightsNov 13 (Reuters) - Chrysler-parent Stellantis (STLAM.MI) said Monday it is offering 6,400 U.S. salaried employees voluntary buyouts as it works to cut costs amid the transition to electric vehicles and agreeing to a new United Auto Workers contract. The buyouts would be about half the company's salaried U.S. employees not represented by a union, which is currently 12,700. Another 2,500 Stellantis U.S. salaried workers are unionized and are not being offered the current buyout. Salaried employees must have at least five years of experience to be offered a voluntary departure package. In October 2022, Stellantis offered voluntary buyouts to its U.S. salaried employees who were aged 55 or older and had worked for the automaker at least 10 years.

Persons: David, Dee, Delgado, Stellantis, Mark Stewart, Natalie Knight, David Shepardson, Leslie Adler, Lisa Shumaker Organizations: New York, REUTERS, Chrysler, United Auto Workers, Employees, UAW, Thomson Locations: Manhattan , New York City, U.S, Canada, North America

LONDON (AP) — A lawsuit by Prince Harry, Elton John and five other public figures accusing a newspaper publisher of using private detectives and listening devices to illegally snoop on them should go to a full trial, a British judge ruled Friday. Judge Matthew Nicklin rejected a bid by the publisher of the Daily Mail to dismiss the case without trial, saying defense lawyers had not delivered a “knockout blow” to the claimants' case. Associated Newspapers strongly denies the allegations and asked the judge to throw out the case. No date has been set for the trial, where Prince Harry could give evidence. He unexpectedly attended the March hearings in the Associated Newspapers case, though he did not take the stand.

Persons: Prince Harry, Elton John, snoop, Judge Matthew Nicklin, David, Elizabeth Hurley, Sadie Frost, Harry, Chelsy Davy, ”, Doreen Lawrence, Simon Hughes, Princess Diana, Meghan, Hugh Grant Organizations: Daily Mail, Newspapers Ltd, Associated Newspapers, “, Newspapers, Daily, The Sun Locations: Paris, California

Myanmar's junta leader General Min Aung Hlaing, who ousted the elected government in a coup on February 1, 2021, presides over an army parade on Armed Forces Day in Naypyitaw, Myanmar, March 27, 2021. "This is the weakest the Tatmadaw has been since the coup," the diplomat said, referring to Myanmar's military and asking not to be named. Maung Saungkha, leader of the Bamar People's Liberation Army, which contributed troops to the offensive, told Reuters the rebel alliance had spent more than a year preparing to take on the better-armed military. CHINA'S SHADOWSo far, rebel troops have faced unexpectedly weak opposition from the military, according to analysts and resistance leaders who spoke to local media. In a statement announcing the operation, the alliance said they intended to remove those enclaves, which they said were protected by the junta.

Persons: General Min Aung Hlaing, Stringer, Maung Saungkha, Nobel, Aung, Suu Kyi, Min Aung, Richard Horsey, Simon Cameron, Moore Organizations: Armed Forces, REUTERS, Junta, United States Institute of Peace, United Nations, Liberation Army, Reuters, National Unity Government, Arakan Army, Myanmar National Democratic Alliance Army, National Liberation Army, Crisis, Thomson Locations: Naypyitaw, Myanmar, BANGKOK, China, Myanmar's, Shan, Beijing, Suu, Sagaing, Arakan

☆ U.K. Economy Stagnates as High Interest Rates Take Toll
▼ + stars: | 2023-11-10 | by ( Eshe Nelson | More About Eshe Nelson | ) www.nytimes.com time to read: +4 min

The services sector contracted last quarter as the highest interest rates since 2008 have weighed on the housing industry. Britain’s weak economy mirrors the stagnation in Europe, where eurozone economies contracted 0.1 percent in the third quarter. Across the region, high interest rates intended to drive down inflation are weakening economic activity, with demand for loans dropping and consumer spending slowing. This contrasts with the United States, where the economy is growing strongly and defying expectations for a slowdown prompted by high interest rates. This weak outlook is driven by high interest rates, which are expected to have an increasingly heavy toll on the economy.

Persons: ”, Stephen Millard, Jeremy Hunt, Hunt Organizations: Bank of England, National Institute of Economic, Social Research Locations: Europe, United States, Germany

☆ China's consumer prices dip back into decline amid limp demand
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +3 min

BEIJING, Nov 9 (Reuters) - China's consumer prices swung back into contraction and factory-gate deflation persisted in October as domestic demand struggled, weighing on the outlook for any broader-based recovery in the world's second-largest economy. The headline figure was dragged by a further slump in pork prices, down 30.1%, speeding up from a 22% slide in September, amid an oversupply of pigs and weak demand. Consumer prices slipped into deflation in July and returned to positive territory in August but were flat in September. "The data shows combating persistent disinflation amid weak demand remains a challenge for Chinese policymakers," said Bruce Pang, chief economist at Jones Lang Lasalle. "We expect China's economy to grow by 5.0% in 2023, in accordance with the target set by authorities, followed by 4.0% growth in 2024 and 2025," said Moody's on Thursday.

Persons: China's, Bruce Pang, Jones Lang Lasalle, Gao, Ella Cao, Ryan Woo, Sam Holmes Organizations: National Bureau of Statistics, Jones, Authorities, Thomson Locations: BEIJING, China, Beijing, West

☆ China's consumer prices swing to declines in October
▼ + stars: | 2023-11-09 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

China's consumer prices fell in October, as the world's second-largest economy struggled with an uneven post-Covid recovery. Data from China's National Bureau of Statistics on Thursday showed October consumer price index shrank 0.2% year-on-year, more than the 0.1% decline expected by economists polled by Reuters. This comes after China's CPI was unexpectedly flat in September, highlighting the need for further policy support. Producer prices declined 2.6%, slightly smaller than an expected decline of 2.7% and has been in negative territory for the 13th straight month. China's PPI was at 2.5% in September, showing factory deflationary pressures remained.

Organizations: China's National Bureau, Statistics, Reuters, PPI Locations: China

☆ China expected to achieve 2023 GDP growth target -c.bank governor
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

People's Bank of China (PBOC) Vice Governor Pan Gongsheng speaks at a news conference in Beijing, China March 3, 2023. FollowBEIJING, Nov 8 (Reuters) - China is expected to achieve its annual gross domestic product growth target of 5% this year and will maintain prudent monetary policy to revive real economic growth, the central bank governor was quoted saying by state media on Wednesday. Beijing has set an economic growth target of around 5% for this year. China is scrambling to revive growth after a brief post-COVID-19 bounce faltered amid a protracted property market slump and local government debt risks. Economic indicators released on Tuesday showed imports unexpectedly swung to growth in October while exports contracted at a quicker pace.

Persons: Pan Gongsheng, Florence, Pan, Liangping Gao, Ellen Zhang, Ryan Woo, Tom Hogue, Sam Holmes Organizations: People's Bank of China, REUTERS, Rights Companies Shenzhen Securities Times Co, Securities Times, Thomson Locations: People's, Beijing, China, BEIJING, Pan

☆ Disney is in trouble. Bob Iger has 5 big problems to solve
▼ + stars: | 2023-11-08 | by ( Samantha Delouya | ) edition.cnn.com time to read: +8 min

Last quarter, Disney’s linear television revenue continued to slip, declining 7% compared to the same quarter last year. Disney World angstIt may not be all bad news for Disney, though. However, Disney World Resort in Florida has struggled with declining attendance in recent months. Over the summer, Disney World parkgoers experienced shorter-than-expected ride wait times and fewer crowds. Nearly one year ago, Iger unexpectedly came out of retirement to take over the role of Disney CEO once again after the board unexpectedly fired his successor, Bob Chapek.

Persons: Ron DeSantis, Bob Iger, Hugh Johnston, Christine McCarthy, Iger, ” Iger, I’ve, expansively, Indiana Jones, Reynaud Julien, Bank of America’s Jessica Reif Ehrlich, Ehrlich, Jason Bazinet, Disney, Disney isn’t, ”, Vijay Jayant, underperformance, Bob Chapek, Johnston Organizations: Los Angeles CNN, Disney, Republican, Gov, Warner Bros, CNN, Media, YouTube, ESPN, Wall Street, PepsiCo, ABC, Disney Channel, Geographic, “, Destiny, Cannes Film, APS, Bank of America’s, Citigroup, Shanghai Disney Resort, Hong Kong Disneyland Locations: Florida, Refinitiv, Cannes, France, Canada, Hulu, Shanghai, Hong, Central Florida

[1/2] FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. MSCI's gauge of global stock performance (.MIWD00000PUS) shed 0.05%, while the pan-European STOXX 600 index (.STOXX) lost 0.06%. Against a basket of currencies, the dollar index rose 0.332% to 105.61, with the euro down 0.31% to $1.0682. Treasury yields slid, having unwound some of their rally last week after the Fed left rates unchanged following a policy meeting. The two-year's yield, which reflects interest rate expectations, fell 1.3 basis points to 4.928%, while the 10-year slipped 7.5 basis points at 4.587%.

Persons: Toby Melville, Jerome Powell, Neel Kashkari, Austan Goolsbee, Rick Meckler, we've, Michael Hewson, Brent, Tom Wilson, Tom Westbrook, Ankur Banerjee, Lincoln, Kim Coghill, Christina Fincher, Jonathan Oatis Organizations: London Stock Exchange Group, City of, REUTERS, NEW, Federal Reserve, Minneapolis, Chicago, Cherry Lane Investments, Dow Jones, Nasdaq, Reserve Bank of Australia, Treasury, Fed, CMC, Thomson Locations: City, City of London, Britain, China, Saudi Arabia, Russia, Europe, U.S, New Vernon , New Jersey, Asia, Pacific, Japan, London, Singapore

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