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☆ Dollar rallies to fresh one-year high against a beaten-down yen
▼ + stars: | 2023-11-13 | by ( Dhara Ranasinghe | Thomson Reuters | Senior Correspondent On The London Markets Team Covering European Sovereign Bond Markets | ) www.reuters.com time to read: +3 min

[1/2] Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. Japanese Finance Minister Shunichi Suzuki said the government would keep monitoring the currency market and respond appropriately. The comments had little immediate impact on the yen, which is down almost 14% against the dollar this year. "Given the move in U.S. Treasuries of course the yen is not rallying yet," he said, referring to U.S. bond yields. The dollar on Monday rose to 151.88 yen , its highest level since October 2022.

Persons: Dado Ruvic, Shunichi Suzuki, Sterling, inched, Rishi Sunak, Kit Juckes, Jerome Powell, Geoff Yu, Sunak, David Cameron, Suella Braverman, Dhara Ranasinghe, Brigid Riley, Emelia Sithole, Sharon Singleton Organizations: REUTERS, U.S . Federal, Finance, British, Generale, BNY Mellon, Thomson Locations: U.S, Japan, Tokyo, TOKYO

☆ Centeno says outgoing Portugal PM only invited him to ponder on premiership
▼ + stars: | 2023-11-13 | by ( Sergio Goncalves | ) www.reuters.com time to read: +2 min

LISBON, Nov 13 (Reuters) - Bank of Portugal Governor Mario Centeno, who is under fire from the opposition over an invitation by the outgoing prime minister to replace him as premier, said on Monday he never accepted the offer but was just asked to ponder on the matter. Portuguese opposition parties on Friday argued that such an invitation compromised the political independence of a central bank governor. The Bank of Portugal's ethics committee is expected to meet on Monday to evaluate his conduct. Prime Minister Antonio Costa stepped down on Tuesday over an investigation into alleged illegalities in his government's handling of lithium and hydrogen projects and a large-scale data centre. Centeno announced his departure from the finance ministry in June 2020, during Costa's second term, and was nominated to head the bank a month later.

Persons: Mario Centeno, Antonio Costa, illegalities, Costa, Marcelo Rebelo de Sousa, Centeno, Rebelo de Sousa, Olli Rehn, Balazs Koranyi, Francesco Canepa, Andrei Khalip, Bernadette Baum Organizations: Bank of Portugal, Socialist, European Central Bank policymaker, Bank of, ECB, Thomson Locations: LISBON, Portuguese, Bank of Portugal, ECB's, Finland, Frankfurt

A banknote of Japanese yen is seen in this illustration picture taken June 15, 2022. REUTERS/Florence Lo/Illustration Acquire Licensing RightsNov 14 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The policy pressures facing Japanese authorities are intense, and the potential risks to financial markets if policymakers misstep are growing. After battling against deflation for decades, the Bank of Japan is moving away from ultra-loose policy. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Florence Lo, Jamie McGeever, Xi Jinping's, Joe Biden, Shunichi Suzuki, Goldman Sachs, Deutsche Bank's George Saravelos, Xi Jinping, Fed's Jefferson, Barr, Mester, Josie Kao Organizations: REUTERS, Economic Cooperation, U.S, Japanese Finance, Bank of, Deutsche Bank's, Mitsubishi UFJ, Sumitomo Mitsui Financial Group, Thomson, Reuters Locations: Tokyo, San Francisco, Asia, Bank of Japan, Japan, India

☆ Factbox-Seven Turbulent Years: British Ministerial Churn Since the Brexit Vote
▼ + stars: | 2023-11-13 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +4 min

PRIME MINISTERCameron served as prime minister until July 13, 2016, three weeks after the Brexit vote on June 23. She holds the record for Britain's shortest-serving prime minister after she quit after 49 days, having triggered a financial market meltdown. Philip Hammond was foreign secretary from July 2014 until three weeks after the Brexit vote in 2016. INTERIOR MINISTERBritain's interior ministry has changed leadership eight times since the Brexit vote, including Cleverly who stepped into the role on Monday. There have been 13 housing ministers since the Brexit vote, including six since Feb. 8, 2022.

Persons: Sarah Young, Rishi Sunak, David Cameron, Cameron, Theresa May, Boris Johnson, Liz Truss, Sunak, James, Dominic Raab, Jeremy Hunt, Johnson, Philip Hammond, Suella Braverman, Grant Shapps, Truss, Hunt, Kwarteng, Victoria Atkins, Monday, Steve Barclay, Gillian Keegan, Kate Holton, Alex Richardson Organizations: Sarah Young LONDON, British, European Union, Conservative Party, FINANCE, National Health Service Locations: Westminster, Britain, European, Truss, Crete, Kabul, Cameron

☆ Former UK Prime Minister David Cameron made foreign minister in surprise political comeback
▼ + stars: | 2023-11-13 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

LONDON, ENGLAND - JUNE 19: Former British Prime Minister David Cameron leaves after giving evidence at the Covid-19 inquiry on June 19, 2023 in London, England. The UK Covid-19 Inquiry is examining the UK's response to and impact of the Covid-19 pandemic and learning lessons for the future. Cameron served as prime minister from 2010 to 2016 and presided over Britain's controversial Brexit vote, which ultimately led to his resignation. 10 — the official residence and office of the British prime minister — to meet with Sunak, following the abrupt sacking of Suella Braverman as interior minister. Finance Minister Jeremy Hunt remains in his post, though further reappointments at the top of government are expected Monday.

Persons: David Cameron, Carl Court, Sunak, Cameron, —, Suella, Cameron's, King Charles III, James, Jeremy Hunt Organizations: British, Tories, China, Conservative Party, Labour, The Times, Downing, London, Finance Locations: ENGLAND, London, England, China, Ukraine, Rwanda

☆ David Cameron: Why Rishi Sunak has brought the former UK PM back to frontline politics
▼ + stars: | 2023-11-13 | by ( Peter Wilkinson | Luke Mcgee | ) edition.cnn.com time to read: +8 min

London CNN —Ever since he became British prime minister a little over a year ago, Rishi Sunak has tried to bring calm to the chaotic government he inherited. That might all have changed on Monday when Sunak surprised the Westminster establishment by appointing former Prime Minister David Cameron as his new foreign secretary. He was very much from the center of the Conservative Party and led the campaign to remain in the European Union. David Cameron leaves 10 Downing Street after being appointed foreign secretary by Prime Minister Rishi Sunak on November 13, 2023. British Prime Minister David Cameron resigns on the steps of 10 Downing Street in 2016.

Persons: London CNN —, Rishi Sunak, Liz Truss, Boris Johnson’s, Sunak, David Cameron, Suella Braverman, Cameron, Cameron’s, Carl Court, Braverman, Johnson, Toby Melville Toby Melville, Braverman’s, Matt Cardy, shouldn’t, it’s, don’t Organizations: London CNN, Conservative Party, European Union, Conservatives, Conservative, Britian's, REUTERS, Downing, European Liberal Democrats, Liberal Democrats, CNN Locations: British, Westminster, Brexit, London, Britain, Rwanda

Their last meeting was at the Group of 20 summit in Indonesia last fall. The U.S. has consistently viewed military relations with China as critical to avoiding any missteps and to maintaining a peaceful Indo-Pacific region. Sullivan also said there were other areas where U.S. and Chinese interests overlap, particularly on the effort to combat fentanyl trafficking. The White House announced Monday that Biden would also meet with Mexican President Andrés Manuel López Obrador later this week. Associated Press Writers Janie Har in San Francisco and Lolita C. Baldor and Didi Tang in Washington contributed to this report.

Persons: Joe Biden, Xi Jinping, The, Biden, Xi, Jake Sullivan, ” Sullivan, “, Sullivan, Andrés Manuel López Obrador, Janet Yellen, ___ Madhani, Janie Har, Lolita C, Baldor, Didi Tang Organizations: WASHINGTON, —, Economic Cooperation, The Biden, Group, Biden, White House, U.S . Navy, Air Force, Disease Control, Drug Enforcement Administration, U.S, Democratic, White, Moscone Center, APEC, Finance, San Francisco Police Department, Union Square, Associated Press Locations: Asia, San Francisco, Indonesia, China, U.S, Pacific, Washington, Mexico, Iran, Taiwan, Beijing, Taipei, Taiwan Strait, Tehran, Israel, Union

☆ Japan PM to sack deputy finance minister over tax scandal - NHK
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +1 min

Fumio Kishida, Japan's prime minister, speaks during a news conference at the prime minister's official residence in Tokyo, Japan, November 2, 2023. Kiyoshi Ota/Pool via REUTERS/File Photo Acquire Licensing RightsTOKYO, Nov 13 (Reuters) - Japanese Prime Minister Fumio Kishida has decided to sack a deputy finance minister, public broadcaster NHK reported on Monday, after the official last week admitted to media reports that he had been delinquent on tax payments in the past. State Minister of Finance Kenji Kanda, who is in charge of government bonds and monetary policy, would be the third to leave a ministerial post in just two months since Kishida reshuffled his cabinet to improve tumbling public approval ratings. The report of Kanda's firing comes as the latest poll by broadcaster FNN showed the approval rating for Kishida's cabinet reaching a record low of 27.8%, sliding 7.8 points from last month. Reporting by Kantaro Komiya and Satoshi Sugiyama Editing by Chang-Ran KimOur Standards: The Thomson Reuters Trust Principles.

Persons: Fumio, Kiyoshi Ota, Fumio Kishida, of Finance Kenji Kanda, Kishida, FNN, Kantaro Komiya, Satoshi Sugiyama, Chang, Ran Kim Organizations: Rights, NHK, of Finance, Thomson Locations: Tokyo, Japan

☆ Yellen calls on APEC finance ministers to boost growth potential sustainably
▼ + stars: | 2023-11-13 | by ( ) www.cnbc.com time to read: +3 min

U.S. Treasury Secretary Janet Yellen called on Pacific Rim finance ministers on Monday to boost the productive capacity of their economies while working to finance the transition to low-carbon energy and provide more opportunities for the poor. Opening a meeting of finance ministers of Asia Pacific Economic Cooperation countries, Yellen said the group's economic dynamism meant that the actions they take matter for addressing global challenges. A day after the APEC Secretariat issued new forecasts for slowing growth next year amid a continued inflation fight and U.S.-China tensions, Yellen said the group needed to increase potential output. And we need to leverage emerging technologies to drive innovation while maintaining safe financial markets," Yellen added. The APEC finance ministers meeting comes just ahead of the APEC leaders' summit later this week and a high-stakes meeting between U.S.-President Joe Biden and Chinese President Xi Jinping aimed at easing tensions between the world's two largest economies.

Persons: Janet Yellen, Yellen, Joe Biden, Xi Jinping Organizations: Treasury, APEC, Economic Cooperation, Pacific Rim, Asia Pacific Economic Cooperation Locations: U.S, Asia, San Francisco , California, Pacific, China, Ukraine, Vietnam, Indonesia

A panel displays the Hang Seng Index during afternoon trading, in Hong Kong, China May 4, 2020. Other economic and policy highlights across the continent this week include preliminary Japanese third-quarter GDP, Indian inflation, and a policy decision from the Philippine central bank on Thursday. Some, like the China and aggregate emerging market indexes, last week fell to their lowest in three months. Perhaps the most interesting of all Goldman's FCIs is its Japanese index. Citi's economic surprises index for Japan turned negative last week and is now the lowest since June.

Persons: Tyrone Siu, Jamie McGeever, Wall, Goldman, Joe Biden, Xi Jinping, Diane Craft Organizations: REUTERS, Nasdaq, Bank of Japan, Mizuho, Mitsubishi UFJ, Sumitomo, Economic Cooperation, China's, Tencent Holdings, Alibaba, Lenovo, APEC, Thomson, Reuters Locations: Hong Kong, China, U.S, Philippine, Asia, Japan, San Francisco, India

☆ Japan PM to Sack Deputy Finance Minister Over Tax Scandal - NHK
▼ + stars: | 2023-11-12 | by ( Nov. | At P.M. | ) www.usnews.com time to read: 1 min

TOKYO (Reuters) - Japanese Prime Minister Fumio Kishida has decided to sack a deputy finance minister, public broadcaster NHK reported on Monday, after the official last week admitted to media reports that he had been delinquent on tax payments in the past. State Minister of Finance Kenji Kanda, who is in charge of government bonds and monetary policy, would be the third to leave a ministerial post in just two months since Kishida reshuffled his cabinet to improve tumbling public approval ratings. The report of Kanda's firing comes as the latest poll by broadcaster FNN showed the approval rating for Kishida's cabinet reaching a record low of 27.8%, sliding 7.8 points from last month. (Reporting by Kantaro Komiya and Satoshi Sugiyama; Editing by Chang-Ran Kim)

Persons: Fumio Kishida, of Finance Kenji Kanda, Kishida, FNN, Kantaro Komiya, Satoshi Sugiyama, Chang, Ran Kim Organizations: NHK, of Finance Locations: TOKYO

☆ South Korea inflation likely to ease in November, finance minister says
▼ + stars: | 2023-11-12 | by ( ) www.reuters.com time to read: +1 min

SEOUL, Nov 12 (Reuters) - South Korean inflation is likely to ease in November to about 3.6% as prices of agricultural products have started to fall, the finance minister said on Sunday. South Korea's consumer price index stood 3.8% higher in October from a year ago, the fastest inflation rate since March 2023 and above the 3.6% forecast by a Reuters poll. If this is the trend, the inflation rate will be around 3.5% to 3.6%, and this kind of price stabilisation will happen gradually, albeit slowly," Finance Minister Choo Kyung-ho told public broadcaster KBS TV. Consumer inflation accelerated for a third month in October amid higher food costs, keeping policymakers on edge as they are monitoring whether current interest rates are tight enough to bring inflation to heel. Reporting by Ju-min Park and Jihoon Lee; Editing by Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

Persons: Choo Kyung, Jihoon Lee, Simon Cameron, Moore Organizations: KBS TV, Thomson Locations: SEOUL

☆ Opinion | Violence by West Bank Settlers Cannot Be Ignored
▼ + stars: | 2023-11-11 | by ( Serge Schmemann | ) www.nytimes.com time to read: +3 min

“I continue to be alarmed about extremist settler attacks on Palestinians in the West Bank; pouring gasoline on fire is what it’s like,” President Biden recently said. Despite the national preoccupation with Gaza over the past month — or perhaps because of it — the zealots have kept at it. Mr. Smotrich has called for widening Palestinian no-go areas around Israeli settlements, including a ban on Palestinians harvesting olives near the settlements. In that same time, three Israeli soldiers were killed in attacks by Palestinians. Mr. Saleh was shot dead, the seventh Palestinian to be killed by settlers since Oct. 7.

Persons: Biden, “, Netanyahu, Bezalel Smotrich, Itamar Ben, Gvir, Smotrich, Ben, Bilal Mohammad Saleh, Saleh Organizations: West Bank, ”, Hamas, United Nations Office, Humanitarian Affairs, The Times Locations: Israel, West Bank, Judea, Samaria, Gaza, Palestinian

☆ Germany's Scholz backs Spain's Calvino for EIB presidency
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Susana Vera/ File Photo Acquire Licensing RightsFRANKFURT, Nov 11 (Reuters) - German Chancellor Olaf Scholz on Saturday backed the candidacy of Spanish acting Economy Minister Nadia Calvino for the post of president of the European Investment Bank (EIB). "I think she will be a very good president of the EIB," Scholz said in an address to a weekend congress of the Party of European Socialists (PES) in Malaga, Spain. He added that they had worked well together in the past when they headed their respective countries' finance ministries. The EIB is currently led by German Liberal Democratic Party (FDP) politician Werner Hoyer. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Nadia Calvino, Susana Vera, Olaf Scholz, Scholz, Werner Hoyer, Andreas Rinke, Vera Eckert, Kirsten Donovan Organizations: Monetary, Financial, International Monetary Fund, World Bank, REUTERS, Rights, Saturday, European Investment Bank, Party of European Socialists, European Union, Berlin, German Liberal Democratic Party, Thomson, Reuters Locations: Marrakech, Morocco, Malaga, Spain, Germany, France

☆ Portuguese Central Bank to Assess Governor's Conduct - Local Media
▼ + stars: | 2023-11-11 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

LISBON (Reuters) - The Bank of Portugal's ethics committee will meet on Monday to evaluate the conduct of governor Mario Centeno, whose independence came into question after the departing prime minister proposed him as a potential replacement, local media said. Local media reported that Centeno had agreed to let his name go forward, raising concerns that his links to the PS remained strong and calling into question his independence if he remained central bank governor. Rebelo de Sousa rejected Costa's proposal and called the election instead. Centeno's quick move from the finance ministry to the central bank in July 2020, during Costa's second term, had previously raised eyebrows. A central bank spokesperson said it was up to the committee to comment on the matter.

Persons: Mario Centeno, Antonio Costa, illegalities, Marcelo Rebelo de Sousa, Costa, Rebelo de Sousa, Centeno, Costa's, Joaquim Miranda Sarmento, Negocios, Catarina Demony, Sergio Goncalves, Kevin Liffey Organizations: Bank, Socialist, European Central Bank policymaker, Local, Social Democrats, Eco, Jornal Locations: LISBON

☆ UK economy flatlines as real estate activity drops
▼ + stars: | 2023-11-10 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —Britain’s economy stagnated in the third quarter — its weakest performance in a year — as activity in the real estate sector fell, weighed down by high interest rates. The real estate sector — which accounts for 13% of UK economic output and is particularly sensitive to higher borrowing costs — has taken a knock this year. The data — which measures how efficiently the economy is making use of labor and capital — showed that UK productivity had barely improved since 2007. “Britain is a stagnation nation that has struggled to secure sustained economic growth since the financial crisis,” James Smith, research director at the Resolution Foundation, a think tank, wrote in a note Friday. UK finance minister Jeremy Hunt is due to outline the government’s plans to boost economic growth later this month.

Persons: —, Paul Dales, ”, ” James Smith, Jeremy Hunt Organizations: London CNN, National Statistics, Bank of England, Capital Economics Locations: Halifax, Britain

SAN FRANCISCO (AP) — World leaders, CEOs, protesters and thousands of others will soon descend on San Francisco for a global trade summit that could give the battered city a chance to reverse its image of an economic powerhouse now in decline. As host, San Francisco and the city's partners are polishing sidewalks, scrubbing away graffiti and moving homeless people to accommodations indoors. “It shows that San Francisco isn’t dead,” he said, adding he believes “there's an appetite for things to change” despite negative media narratives. This month, Air China resumed direct flights between San Francisco and Beijing after suspending flights just before the pandemic. —-Associated Press journalists Haven Daley in San Francisco and Huizhong Wu in Bangkok contributed to this report.

Persons: Joe Biden, Xi Jinping, London Breed, Breed, —, ”, Gavin Newsom, Newsom, Janet Yellen, Karl Kramer, LaunchSquad, Gilbert Manirakiza, Chotto Matte, Kurt Zdesar, San Francisco isn’t, “, Azalina Eusope, ” Eusope, Jennifer Friedenbach, San Francisco, Emily Cohen, Malcolm Yeung, Haven Daley, Huizhong Wu Organizations: FRANCISCO, Economic Cooperation, Francisco's, United Nations, London, Associated Press . California Gov, San Francisco, Fox, Treasury, San, APEC, San Francisco Living Wage Coalition, San Francisco Giants, dreamers, Coalition, Homelessness, city's Department of Homelessness, Air China, Chinatown Community Development Center, Associated Press Locations: San Francisco, Asia, United, Francisco, San, U.S, Israel, Kenya, Chinatown, Malaysian, Tenderloin District, Beijing, Tourism, China, Bangkok

SAN FRANCISCO, Nov 10 (Reuters) - U.S. Treasury Secretary Janet Yellen said on Friday that she agreed with Chinese Vice Premier He Lifeng to "intensify communication" on economic issues but warned him to crack down on Chinese companies that give material support to Russia for its war in Ukraine. "During our discussions, we agreed that in-depth and frank discussions matter, particularly when we disagree," Yellen said. "And I emphasized that the current uncertain global landscape makes it particularly crucial that we maintain resilient lines of communication going forward." "We would like to see China crack down on this, especially when we're able to provide information," Yellen said. Discussing the Israel-Hamas war, Yellen spoke of the need "to prevent escalation and expansion of the conflict in the Middle East," the Treasury said in a statement.

Persons: Janet Yellen, Lifeng, Yellen, Joe Biden, Xi Jinping, Carlos Barria, Donald Trump's, Liao Min, Liao, Eric Beech, David Lawder, Ann Saphir, Andrea Shalal, David Ljunggren, Chizu Nomiyama, Andrea Ricci, Grant McCool, Christian Schmollinger, Simon Cameron, Moore Organizations: FRANCISCO, . Treasury, Economic Cooperation, Communist Party, Treasury, U.S, APEC, REUTERS, Industrial, Commercial Bank of, Finance, Ministry of Finance, Fund, Thomson Locations: Russia, Ukraine, San Francisco, Asia, China, RUSSIA, Israel, U.S, San Francisco , California, Commercial Bank of China, Washington, Beijing, United States

☆ UK economy fails to grow in Q3 but sidesteps start of a recession
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +2 min

People walk over London Bridge looking at a view of Tower Bridge in the City of London financial district in London, Britain, October 25, 2023. REUTERS/ Susannah Ireland/File Photo Acquire Licensing RightsLONDON, Nov 10 (Reuters) - Britain's sluggish economy failed to grow in the July-to-September period but at least managed to avoid the start of a recession, figures from the Office for National Statistics showed on Friday. In the month of September on its own, the economy grew by 0.2% from August when growth was revised down to 0.1% from 0.2%. "But the key point is that the economy is not weak enough to reduce core inflation and wage growth quickly," Dales said. In the three months to September, output in Britain's huge services sector fell by 0.1%, industrial production was broadly flat and construction grew by 0.1%, the Office for National Statistics said.

Persons: Susannah Ireland, Paul Dales, BoE, Rishi Sunak, Jeremy Hunt, William Schomberg, Andy Bruce, Sarah Young Organizations: REUTERS, Office, National Statistics, Reuters, Capital Economics, Bank of England, Thomson Locations: City, London, Britain, Germany, United States

☆ UK economy flatlines as finance minister decries inflation drag
▼ + stars: | 2023-11-10 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

The U.K. economy flatlined in the third quarter, initial figures showed Friday. Services sector output dropped 0.1% on the quarter, but the decline was offset by a 0.1% increase in construction performance, while the production sector flatlined. U.K. Chancellor of the Exchequer Jeremy Hunt said high inflation remains the "single greatest barrier to economic growth" in the country, with the consumer price index remaining at 6.7% year-on-year in September. While somehow avoiding a recession this year, today's no growth reading means the UK economy is flatlining with only 0.2% economic growth in the last six months." As the Bank of England stated earlier this month that more than half of the impact of higher interest rates on the level of GDP is still to come through, the U.K. economy faces growing headwinds as we approach 2024."

Persons: Jeremy Hunt, Hunt, Lindsay James Organizations: Gross, Services, Chancellor, Quilter Investors, Bank of England Locations: Canary, London, U.K

☆ Opinion | Israelis Were Shattered on Oct. 7. Can They Recover?
▼ + stars: | 2023-11-10 | by ( Bret Stephens | ) www.nytimes.com time to read: +4 min

Israelis spent 18 years watching Hamas turn to its military advantage every Israeli concession — including free electricity, cash transfers of Qatari funds, work permits for Gazans, thousands of truckloads of humanitarian goods. But while Israelis are still processing the horror from the south, the threat of war looms on every side. Bezalel Smotrich, the far-right finance minister, has even suggested effectively banning the Palestinian olive harvest, ostensibly for security reasons. In Turkey, President Recep Tayyip Erdogan, with whom Israel had been engaged in a careful rapprochement, has reverted to Islamist form. To many Israelis, there’s a distinct echo of what happened at German universities beginning about a century ago.

Persons: Will, won’t, Camp Iftach, Bezalel Smotrich, Vladimir Putin, Netanyahu, Recep Tayyip Erdogan, Israel, ”, It’s, ” Einat Wilf Organizations: West Bank, Palestinian Authority, Super, Harvard, Labor Party Locations: Israel, Gaza, Metula, Lebanon, Jenin, Nablus, Iran, China, Turkey, ”, West, Berlin, Sydney, Australia

☆ UK PM Sunak under pressure to sack interior minister over police criticism
▼ + stars: | 2023-11-10 | by ( Andrew Macaskill | ) www.reuters.com time to read: +3 min

[1/3] Home Secretary Suella Braverman with Prime Minister Rishi Sunak as he hosts a policing roundtable at 10 Downing Street, London, Britain October 12, 2023. Braverman, the home secretary responsible for policing and national security, has a long history of making controversial statements that have alienated her more moderate colleagues. Some Conservative Party politicians called for her to be moved or distanced themselves from her comments on Friday. Since the article was published, Braverman has not apologised. Britain's finance minister, Jeremy Hunt, was the most senior member of the government to distance himself from Braverman's comments on Friday.

Persons: Suella Braverman, Rishi Sunak, James Manning, Braverman, Geoffrey Clifton, Brown, Sunak, Downing, Keir Starmer, Jeremy Hunt, Andrew MacAskill, Jan Harvey Organizations: Downing, British, Conservative Party, BBC, Labour Party, Times, Thomson Locations: London, Britain, Braverman, Israel

Israeli Prime Minister Benjamin Netanyahu and Israeli Finance Minister Bezalel Smotrich attend an inauguration event for Israel's new light rail line for the Tel Aviv metropolitan area, in Petah Tikva, Israel, August 17, 2023. REUTERS/Amir Cohen/File Photo Acquire Licensing RightsJERUSALEM, Nov 10 (Reuters) - Israel's finance ministry said on Friday it would divert to the war effort some 1.6 billion shekels ($440 million) this year out of billions earmarked for parties in Prime Minister Benjamin Netanyahu's far-right coalition government. They expressed alarm last month at the government's plan to transfer 9 billion shekels ($2.2 billion) to ultra-Orthodox and far-right-wing pro-settler parties, as part of an agreement Netanyahu made with them to secure his ruling coalition. The finance ministry's proposal would cut around 70% of 2.5 billion shekels of funding for coalition partners still due to be paid in the current 2023 budget. Finance Minister Bezalel Smotrich said in a letter on Friday that he planned to cut some 4 billion shekels ($1 billion) from the 2023 budget excluding war funding, and increase war funding by a further 9 billion, on top of 22 billion shekels already allocated.

Persons: Benjamin Netanyahu, Bezalel Smotrich, Amir Cohen, Benjamin Netanyahu's, Netanyahu, Maytaal, Peter Graff Organizations: Israeli Finance, Tel, REUTERS, Rights, Finance, Thomson Locations: Tel Aviv, Petah Tikva, Israel

☆ Apple’s fight against a $14 billion EU tax bill suffers a setback
▼ + stars: | 2023-11-09 | by ( ) edition.cnn.com time to read: +3 min

But Advocate General Giovanni Pitruzzella at the European Court of Justice (ECJ) — the EU’s highest court — disagreed, saying judges should set aside the General Court ruling and refer the case back to the lower tribunal. “The judgment of the General Court on ‘tax rulings’ adopted by Ireland in relation to Apple should be set aside,” he said in a non-binding opinion. He said the General Court had committed a series of errors in law. “It is therefore necessary for the General Court to carry out a new assessment,” Pitruzzella said. Her biggest legal victory to date came in September when the General Court upheld her decision against a €700 million ($749 million) Belgian tax scheme for 55 multinationals.

Persons: Margrethe Vestager, Apple, Giovanni Pitruzzella, —, ”, ” Pitruzzella, Michael McGrath, Court’s, Vestager Organizations: Apple, European Commission, European Court of Justice, Justice, Court, Ireland, Dublin, Stellantis, Starbucks, Belgian Locations: Luxembourg, Ireland

☆ Russian state won't take part in organising frozen asset 'exchange'
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

Nov 9 (Reuters) - Russia's finance ministry on Thursday said the state would not take part in organising frozen asset 'exchanges', instead leaving that up to financial market players. International sanctions against Moscow over its invasion of Ukraine have blocked many Russian investors' access to securities held in jurisdictions outside the country, while Russian countermeasures have frozen Western funds within. "The decree ... creates legislative opportunities for conducting the "exchange" of frozen assets, the state will not take part in organising the exchange itself," the finance ministry said. Organising exchanges was down to brokers and other securities market participants, it said. "The decree refers to the use of foreign investors' funds in type-C accounts."

Persons: Vladimir Putin, Central Bank Governor Elvira Nabiullina, Nabiullina, Anton Siluanov, Siluanov, Darya Korsunskaya, Alexander Marrow, Toby Chopra, Bernadette Baum Organizations: Wednesday, Moscow, Central Bank Governor, Finance, Thomson Locations: Moscow, Russia, Ukraine

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