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☆ Australia No.3 bank reaches union deal that lets staff work from home
▼ + stars: | 2023-07-14 | by ( Byron Kaye | ) www.reuters.com time to read: +2 min

SYDNEY, July 14 (Reuters) - National Australia Bank (NAB) (NAB.AX), the country's No.3 lender, reached a deal that lets employees work from home, a union representing staff said on Friday, one of the first in the world to give legal protection for remote work. The deal breaks new ground in a global standoff between private sector companies and their staff since employers started calling an end to home-working arrangements that were precipitated by COVID-19. Some of Australia's biggest companies, including NAB's larger rival Commonwealth Bank of Australia (CBA) (CBA.AX), have set minimum office attendance requirements but the country's capital city office vacancies remain around one-sixth, far higher than pre-pandemic levels. The deal comes after the FSU took CBA, the country's biggest bank which has 49,000 staff, to the industrial regulator this week over a directive to return to the office 50% of the time. In Australia, the federal government agency that sets public sector wages agreed this week to a union request for uncapped days spent working from home.

Persons: CBA's, Byron Kaye, Jamie Freed Organizations: SYDNEY, National Australia Bank, NAB, Finance Sector Union, FSU, Australia's, Commonwealth Bank of Australia, CBA, Fair, Commission, Thomson Locations: U.S, Australia

☆ Dollar at 15-month low as easing inflation firms rate peak bets
▼ + stars: | 2023-07-14 | by ( ) www.cnbc.com time to read: +3 min

The dollar index , which measures the U.S. currency against six major rivals, stood at 99.71 in early Asian hours, its lowest since April 2022. "Markets are generally pretty pleasant with the lower inflation data, because lower inflation together with the still resilient labour market supports the narrative of a soft landing in the U.S. economy," said Carol Kong, currency strategist at Commonwealth Bank Of Australia in Sydney. Ryan Brandham, head of global capital markets, North America, at Validus Risk Management, said the data on weekly jobless claims and producer prices are supportive of the soft landing. Although the recent trend of lower inflation may be encouraging, it probably won't be sufficient to change the committee's decision." The Japanese yen strengthened 0.23% to 137.71 per dollar and is on course for its best week against the dollar since January.

Persons: Carol Kong, Ryan Brandham, Christopher Waller, he's, Michele Bullock, bitcoin Organizations: US, Federal Reserve, Commonwealth Bank Of Australia, Risk, Fed Locations: U.S, Sydney, North America, Ethereum

* "Sedoi" is the nom de guerre of Andrei Troshev, a senior Wagner commander, according to European Union sanctions documents, French official documents, sources with knowledge of the matter and Russian media reports. * The EU described him as the "executive director (chief of staff) of the Wagner Group" in its 2021 document which also says he was a founding member of the group. "Andrei Troshev is directly involved in the military operations of the Wagner Group in Syria," the EU said. Britain also described him in its Syria sanctions documents as the chief executive of Wagner. Western sanctions documents list his date of birth as April 5, 1953.

Persons: Vladimir Putin, Yevgeny Prigozhin, Andrei Troshev, Wagner, France's, Dmitry Utkin, Troshev, Putin, Bashar al, of, Guy Faulconbridge, Angus MacSwan Organizations: Wagner Group, France's Treasury, Kommersant, Wagner, St, Red Star, Islamic State, Thomson Locations: MOSCOW, EU, Syria, Deir, Britain, Leningrad, Soviet, St Petersburg, Afghanistan, Soviet Union, North Caucasus, SOBR, Russian, of Russia, Palmyra, Utkin

☆ A US Green Beret drill with fake guerrilla fighters shows how Sweden has been preparing for an 'unconventional' clash with Russia
▼ + stars: | 2023-07-13 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +8 min

In May and June, US Army Green Berets conducted unconventional warfare training in Sweden. In the US military, unconventional warfare is the bread and butter of the Green Berets of US Army Special Forces. Winning wars unconventionallyUS Army Green Berets demonstrate detainment procedures during training in Kalix, Sweden on May 29. Unconventional warfare can still play an important role in that kind of war, but it would be a supporting role. Cadets talk to role-players during West Point Irregular Warfare Group's Unconventional Warfare Exercise in April 2019.

Persons: Anthony Bryant, Patrik Orcutt, Anthony Bryant Sweden, refocusing, Erwin Rommel, Stavros Atlamazoglou Organizations: US Army Green Berets, Service, NATO, US Green Berets, Swedish Home Guard, US Army, Staff, Green Berets, US Army Special Forces, US Army Special Operations Command, Green, US Special Forces, 10th Special Forces Group, Sweden's, Guard, Home Guard, Operations Command, Green Beret, US Army Green, EU, Army Green Berets, Pentagon, Al, Delta Force, US Military, British Special Air Service, Commonwealth, Group, Hellenic Army, 575th Marine Battalion, Army, Johns Hopkins University, Johns Hopkins, School, International Locations: Sweden, Soviet Union, Russia, Wall, Silicon, Kalix, Europe, Soviet, Swedish, Stockholm, Al Qaeda, China, North Africa, Ukraine, Ukrainian, Johns

Recent inflation data points to a strong economy that could propel the S & P 500 to break the 5,000-point threshold by the end of 2023, according to Peter Essele, head of portfolio management for Commonwealth Financial Network. June data for two closely watched inflation gauges released this week, the consumer price index and producer price index , showed costs easing across the board. That signals to Essele the S & P 500 can keep charging upward, with his prediction of the 5,000 level being reached implying the S & P 500 will gain another 11.8% from Wednesday's close. The S & P 500 has already had a stellar year, rising 17%. We could easily see the S & P 500 top 5,000 by the end of the year."

Persons: Peter Essele, Essele, Sam Stovall, — CNBC's Michael Bloom Organizations: Commonwealth Financial Network, CPI, PPI, CNBC Locations: Wednesday's

The Kremlin said on Monday that Putin had held talks with Wagner commanders and Prigozhin at a meeting on June 29, five days after the mutiny. But Kommersant, one of Russia's top newspapers, published Putin's remarks to its most experienced Kremlin correspondent, Andrei Kolesnikov, which suggested the future of Prigozhin and Wagner was in doubt. "But Wagner does not exist," Putin told Kommersant when asked if it would be preserved as a fighting unit. "All of them could have gathered in one place and continued to serve," Kommersant quoted Putin as saying. "'No, the boys won't agree with such a decision'," Putin quoted Prigozhin as saying.

Persons: Putin, Wagner, Prigozhin Biden, Vladimir Putin, Yevgeny Prigozhin, Andrei Kolesnikov, Prigozhin, Joe Biden, I’d, Biden, Ron Popeski, Nick Starkov, Rosalba O'Brien, Simon Cameron, Moore Organizations: Kommersant, Kremlin, Ukraine, Thomson Locations: MOSCOW, Belarus, Afghanistan, Chechnya, St Petersburg, Russian, Rostov, United States, Russia

Summary Russian general says has been dismissedSays top brass betrayed Russian soldiersDefence ministry silent on general's fateSoldiers dying due to lack of artillery, general saysMOSCOW, July 13 (Reuters) - A Russian general said he had been dismissed as a commander after telling the military leadership about the dire situation at the front in Ukraine where he said Russian soldiers had been stabbed in the back by the failings of the top military brass. Popov, who commanded Russian units in southern Ukraine, explicitly raised the deaths of Russian soldiers from Ukrainian artillery and said the army lacked proper counter artillery systems and reconnaissance of enemy artillery. There was no immediate comment from the defence ministry and Reuters was unable to independently verify the authenticity of the voice message. Neither Wagner chief Yevgeny Prigozhin nor General Sergei Surovikin, a deputy commander of Russia's military operations in Ukraine, have been seen in public since the day of the mutiny. For months Prigozhin had been openly insulting Putin's most senior military men, using a variety of crude expletives and prison slang that shocked top Russian officials but that were left unanswered in public by Putin, Shoigu or Gerasimov.

Persons: Wagner, Vladimir Putin, Sergei Shoigu, Staff Valery Gerasimov, Ivan Popov, Andrei Gurulyov, Popov, Gurulyov, Russia's, Prigozhin, Yevgeny Prigozhin, Sergei Surovikin, Putin, Guy Faulconbridge, Andrew Osborn Organizations: Russian, Defence, Staff, Arms Army, Reuters, RUSSIAN ARMY Putin, Telegram, Gerasimov, Thomson Locations: MOSCOW, Ukraine, Russian, Ukrainian, Europe, Russia

MOSCOW, July 12 (Reuters) - Russia is decaying in a potent brew of absurdity and repression that is comparable to the Leonid Brezhnev-era of the Soviet Union, Oleg Orlov, one of the Russia's most respected human rights campaigners, told Reuters. One of the leaders of the Memorial rights group, which won a share of the Nobel Peace Prize in 2022 a year after being banned and dissolved in Russia, Orlov stood by his articles and cast Russia as a country gripped by the demons of history. "Russia is going backwards," Orlov told Reuters in his Moscow flat over a glass of the traditional fermented kvas. "For Putin, war is his political technology," Orlov said. Current Russian levels of repression, he said, could be compared to the Brezhnev era of the Soviet Union after the arrest of writers Andrei Sinyavsky and Yuli Daniel in 1965.

Persons: Leonid Brezhnev, Oleg Orlov, Orlov, Wagner, Russia, Vladimir Putin's, Putin, Brezhnev, Andrei Sinyavsky, Yuli Daniel, unpatriotic, Aleksandr Solzhenitsyn's, William Faulkner, Fyodor Dostoevsky's, Tatiana, Guy Faulconbridge, Filipp Lebedev, Nick Macfie Organizations: Reuters, Memorial, Solidarity, West, Thomson Locations: MOSCOW, Russia, Soviet Union, Moscow, Ukraine, Soviet, Afghanistan, Chechen, Russian, Tbilisi

☆ Seine-Nord Europe Canal: The $5.5B canal that will connect Paris to European waterways – and dig up the Western Front
▼ + stars: | 2023-07-11 | by ( Tom Page | ) edition.cnn.com time to read: +9 min

After multiple false starts and much political back and forth, work is underway on the Seine-Nord Europe Canal (SNEC), a €5.1 billion ($5.5 billion) project designed to break up one of the continent’s major transport bottlenecks. Environmental impactThe Oise River is currently being redirected for 4 kilometers as part of ongoing canal construction. A new extension will be constructed to accommodate further war dead, including those discovered during the construction of the canal. Inland ports are planned along the SNEC route, aiding exports, as well as providing recreational opportunities, say its designers. Despite the canal’s stop-start history, the Société du Canal Seine-Nord Europe is confident its construction timeline can be met and the canal will become operational in 2030.

Persons: ’, ”, Jérôme Dezobry, Philippe Bourdon, Dezobry, Montmacq, ” Dezobry, Bourdon, “, ” Claire Horton, Xavier Bertrand Organizations: CNN, European Union, EU, Commonwealth, Commission, CWGC, Loos British, Hauts Locations: France, Nord Europe, Dunkirk, Escaut, Paris, Belgium, Netherlands, Luxembourg, Compiègne, Aubencheul, Nord, Seine, Oise, Allaines, Thourotte, ”, Somme, Péronne, Cambrai, Beaurains, Loos, Pas, Calais, Loos British, Antwerp, de

☆ Dollar slips as Fed hike cycle nears end; focus on US inflation
▼ + stars: | 2023-07-11 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

Several Fed officials said on Monday the central bank will likely need to raise interest rates further to bring down still-high inflation, but that the end to its current monetary policy tightening cycle is getting close. U.S. interest rate expectations have been a key driver of the dollar since the Fed began its tightening cycle last year. A survey from the New York Federal Reserve showed on Monday waning near-term inflation expectations among Americans, who said last month they were expecting the weakest near-term inflation gains in just over two years. The dollar/yen pair is particularly sensitive to U.S. yields as interest rates in Japan are anchored near zero. Elsewhere, the Australian dollar gained 0.16% to $0.6687, while the New Zealand dollar added 0.06% to $0.6216.

Persons: Sterling, Carol Kong, Rae Wee, Shri Navaratnam Organizations: Federal, Fed, Commonwealth Bank of Australia, New York Federal, Treasury, Australian, New Zealand, Macquarie, Thomson Locations: SINGAPORE, U.S, Asia, . U.S, Japan, China

☆ Dollar slips as Fed hike cycle nears end, focus on U.S. inflation
▼ + stars: | 2023-07-11 | by ( ) www.cnbc.com time to read: +3 min

Persons: Sterling, Carol Kong Organizations: Federal, Fed, Commonwealth Bank of Australia, New York Federal, Treasury, Australian, New Zealand, Macquarie Locations: U.S, Asia, . U.S, Japan, China

HOUSTON, July 10 (Reuters) - A coming wave of North American liquefied natural gas (LNG) export projects faces staffing challenges that are prompting some of the biggest developers to expand training and coordinate projects to keep construction workers. WORKERS NEEDEDAt present Bechtel has more than 3,000 professionals working on its LNG projects. Two other projects - Golden Pass LNG and Plaquemines LNG - have added workers and are moving to 24-hour work schedules. Cheniere and Bechtel are training workers using virtual simulations or via partnerships with local schools. Venture Global LNG stitched together 18 liquefaction units in its highly modular Calcasieu Pass LNG plant, allowing it to open the facility in what it said was record time.

Persons: Paul Marsden, Marsden, Alex Munton, Bechtel, Corey Grindal, Grindal, Cheniere, Jason Klein, Klein, Paul Varello, Curtis Williams, Nia Williams, Matthew Lewis Organizations: Bechtel Corp's Energy, Labor, Rapidan Energy, Bechtel, Cheniere Energy, Corpus, Plaquemines, Canada, Reuters, Commonwealth LNG, Venture, Columbia, Thomson Locations: U.S, Port Arthur, Christi, Kitimat, British Columbia, China, Calcasieu, Houston

Summary Gerasimov shown in public on state TVHad not been seen in public since early JunePutin keeps Gerasimov in his jobGerasimov shown giving ordersWhereabouts of Surovikin still unclearMOSCOW, July 10 (Reuters) - Russia's most senior general, Chief of the General Staff Valery Gerasimov, was shown ordering subordinates to destroy Ukrainian missile sites in a video released on Monday, his first appearance in public since a failed June 24 mercenary mutiny. It described him as chief of the general staff of Russia's armed forces and commander of Moscow's forces in Ukraine, the positions he held before the mutiny. In the video, Gerasimov was shown asking for and listening to a report by Viktor Afzalov, deputy to General Sergei Surovikin in the aerospace forces, who has not been since in public since the mutiny. It was unclear where Surovikin, who before the rebellion was deputy commander of Russia's forces in Ukraine and who was repeatedly praised by Prigozhin, was. "We note that the aerospace forces have coped with the task," Gerasimov was shown as saying.

Persons: Putin, Surovikin, Staff Valery Gerasimov, Gerasimov, Vladimir Putin, Sergei Shoigu, Yevgeny Prigozhin, Viktor Afzalov, Sergei Surovikin, Prigozhin, Guy Faulconbridge, Andrew Osborn, Toby Chopra, Alex Richardson Organizations: Staff, Defence, Kremlin, Afzalov, Thomson Locations: MOSCOW, Ukrainian, Crimea, Moscow, Ukraine, Rostov, Kaluga, Russia, Russian

☆ Fact Check-UK has not advised citizens not to travel to France as of July 6, 2023
▼ + stars: | 2023-07-07 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

The UK foreign office issued guidance for people travelling to France in response to unrest there, but it had not warned UK citizens not to travel to the country at the time of writing, contrary to online posts. Social media accounts sharing copy-and-pasted paragraphs of text about riots in France included the line: “Britain’s foreign office is now warning UK citizens not to travel to France.”Examples can be seen on Facebook here and here . However, the Foreign, Commonwealth & Development Office (FCDO) had not told UK citizens not to travel to France at the time of publication. There may be disruptions to road travel and local transport provision may be reduced. At the time of writing, the UK foreign office had not issued advice to UK citizens not to travel to France in response to the ongoing riots in the country of June and July 2023 following the shooting of teenager Nahel.

Persons: Nahel, Read Organizations: Facebook, Foreign, Commonwealth & Development, Reuters Locations: France, North, Nanterre, Paris

☆ Dollar steadies as US economy stays resilient; eyes on nonfarm payrolls
▼ + stars: | 2023-07-07 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

The closely watched nonfarm payrolls report is due later on Friday, where expectations are for the U.S. economy to have added 225,000 jobs in June. The dollar index rose 0.03% to 103.12, while yields on U.S. Treasuries hovered near their recent peaks. The two-year Treasury yield , which typically reflects near-term interest rate expectations, steadied above 5%, after surging to a 16-year high of 5.12% on Thursday. That kept a closely watched two-to-10-year part of the U.S. Treasury yield curve , seen as an indicator of economic expectations, deeply inverted at a negative 96.90 bps. Elsewhere, the yen last bought 144.06 per dollar and was on track for a slight weekly gain, reversing three straight weeks of losses.

Persons: payrolls, Sterling, Carol Kong, tonight's, Rae Wee, Sam Holmes Organizations: Treasury, Fed, New Zealand, Bank of England, Commonwealth Bank of Australia, U.S, Thomson Locations: SINGAPORE, U.S, Asia, Treasuries

☆ Dollar steadies as U.S. economy stays resilient, eyes on nonfarm payrolls
▼ + stars: | 2023-07-07 | by ( ) www.cnbc.com time to read: +3 min

The closely watched nonfarm payrolls report is due later on Friday, where expectations are for the U.S. economy to have added 225,000 jobs in June. The dollar index rose 0.03% to 103.12, while yields on U.S. Treasuries hovered near their recent peaks. The two-year Treasury yield , which typically reflects near-term interest rate expectations, steadied above 5%, after surging to a 16-year high of 5.12% on Thursday. That kept a closely watched two-to-10-year part of the U.S. Treasury yield curve, seen as an indicator of economic expectations, deeply inverted at a negative 96.90 bps. Elsewhere, the yen last bought 144.06 per dollar and was on track for a slight weekly gain, reversing three straight weeks of losses.

Persons: payrolls, Sterling, Carol Kong, tonight's Organizations: Treasury, Fed, New Zealand, Bank of England, Commonwealth Bank of Australia, U.S Locations: U.S, Asia, Treasuries

☆ Australia, NZ cleared to fly Indigenous flags at Women's World Cup
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +1 min

REUTERS/David Gray/File PhotoMELBOURNE, July 7 (Reuters) - Global soccer governing body FIFA has agreed to requests from Australia and New Zealand to display Indigenous flags at the Women's World Cup, the co-hosts said on Friday. The Australian Aboriginal flag and the Torres Strait Islander flag will be on display at all 35 matches across Australia, with the Māori flag, known as 'Tino Rangatiratanga', to feature at all 29 matches in New Zealand. "Confirmation by FIFA that all official flags of Australia will be flown during the FIFA Women's World Cup is an important moment for all Australians, particularly First Nations People," Football Australia boss James Johnson said in a statement. Australia's World Cup squad includes Indigenous Australian players Kyah Simon and goalkeeper Lydia Williams. The World Cup starts on July 20.

Persons: David Gray, Tino Rangatiratanga, James Johnson, Kyah Simon, Lydia Williams, Simon, I'm, Ian Ransom, Peter Rutherford Organizations: Workers, Islands, Australian, Commonwealth Games, REUTERS, Global, FIFA, Australian Aboriginal, Torres Strait, Nations, Football Australia, Indigenous, First Nations, Thomson Locations: Torres, Australian, Queensland, Australia, MELBOURNE, New Zealand, Melbourne

☆ National Australia Bank to change home loan refinancing criteria
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +2 min

July 7 (Reuters) - National Australia Bank (NAB) (NAB.AX) on Friday said it would refresh its approach to like-for-like refinancing criteria to help customers who would otherwise fail to meet an industry standard that assesses their ability to repay loans. Last month, top lender Commonwealth Bank of Australia (CBA.AX) cut its buffer rate for some borrowers refinancing their existing home loan to 1% from the industry standard of 3%. After NAB, ANZ Group Holdings (ANZ.AX) is the only bank left among the top four to ease refinancing loans criteria for customers unable to meet APRA standard. NAB said the changes to its refinancing criteria will apply from July 21, but added that it will take a "case-by-case" approach when assessing appropriate serviceability. Reporting by Himanshi Akhand and Sameer Manekar in Bengaluru; Editing by Varun H KOur Standards: The Thomson Reuters Trust Principles.

Persons: Himanshi Akhand, Sameer Manekar, Varun Organizations: National Australia Bank, NAB, Reuters, The, Prudential Regulation Authority, APRA, Reserve Bank, Commonwealth Bank of Australia, Westpac Banking Corp, ANZ Group Holdings, ANZ, Thomson Locations: Bengaluru

NUCLEAR WEAPONS? Amid today's Ukraine war, the biggest land war in Europe since 1945, the town is again being enclosed by the tentacles of distant tumult. "No one is ever going to tell you where the tactical nuclear weapons are stationed - you should understand that," Kasinsky said. He repeatedly refused to confirm or deny whether the nuclear weapons were outside Osipovichi. "You should not try to make some sort of horror story out of the tactical nuclear weapons," said Kasinsky.

Persons: Wagner, Vladimir Putin, Mikhail Gorbachev, Alexander Lukashenko, Yevgeny Prigozhin, Prigozhin, Leonid Kasinsky, Kasinsky, Osipovichi, Hans Kristensen, Vladimir Lenin, Ilya Petrov, Lukashenko, Guy Faulconbridge, Mark Heinrich Our Organizations: Putin, Town, Bolshevik, Foreign, Belarus OSIPOVICHI, Red Army, U.S . Central Intelligence Agency, Federation of American Scientists, CIA, Communist, Thomson Locations: Belarus, Belarusian, Russia, Osipovichi, Tsel, Russian, Minsk, Ukrainian, Grand Duchy, Lithuania, Nazi Germany, Ukraine, Europe, Moscow, West

☆ Meta Threads doesn't need the 'negativity' of hard news and politics, exec says
▼ + stars: | 2023-07-07 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Adam Mosseri, who oversees both Instagram and the text-based, Instagram-powered Threads, offered the commentary in an unusually candid post on the new social network on Friday. Meta representatives did not immediately respond to CNBC's request for comment on whether Meta would downrank news or political content on Threads as the company has periodically done on other platforms. Mosseri's comment came even as Meta fights to prevent governments from forcing the company to pay newsrooms for the content that Meta leverages for advertises and engagement. new legislation would require Meta to pay money to Canadian newsrooms, something that would cost both Google and Meta an estimated $329 million Canadian dollars against billions of advertising revenue. In response, Meta blocked Canadian outlets from appearing on Meta and Instagram search results, a restriction that would presumably apply to Threads if the platform's search functionality is expanded.

Persons: Adam Mosseri, we're, Mosseri, Meta Organizations: Commonwealth Club, Meta, Google, Elon Locations: San Francisco , California, Canada, Australia

Private payrolls surged far more than expected in June, data showed, suggesting the labor market remained solid despite growing risks of a recession. “We don’t see any softening in the labor market,” said Brad McMillan, chief investment officer for Commonwealth Financial Network. All 11 S&P 500 sectors ended down. U.S. interest rate futures saw an increased probability of another rate hike by the Federal Reserve in November, according to CME's FedWatch. Second-quarter corporate reports will arrive in coming weeks with S&P 500 earnings expected to fall 5.7% from a year-ago, according to Refinitiv data.

Persons: payrolls, ”, Brad McMillan, CME's, Lorie Logan, Lip, judge's, Lewis Krauskopf, Bansari Mayur Kamdar, Johann M, Vinay Dwivedi, Shinjini Ganguli, David Gregorio Our Organizations: Energy, Exxon, Dow, Nasdaq, Reserve, Commonwealth Financial Network, Dow Jones, Microsoft, Apple, Treasury, Federal Reserve, Fed, Dallas, Exxon Mobil Corp, Wealth Management, JetBlue Airways, American Airlines, Spirit Airlines, NYSE, Thomson Locations: U.S, New York, Bengaluru

Private payrolls surged far more than expected in June, data showed, suggesting the labor market remained on solid ground despite growing risks of a recession. “We don’t see any softening in the labor market,” said Brad McMillan, chief investment officer for Commonwealth Financial Network. Treasury yields jumped following the labor market data. The benchmark 10-year yield burst above 4% while the two-year Treasury yield, which typically moves in step with interest rate expectations, hit a 16-year high. U.S. interest rate futures saw an increased probability of another rate hike by the Federal Reserve in November, according to CME's FedWatch.

Persons: payrolls, ”, Brad McMillan, CME's, Lorie Logan, Lip, judge's, Lewis Krauskopf, Bansari Mayur Kamdar, Johann M, Vinay Dwivedi, Shinjini Ganguli, David Gregorio Our Organizations: Energy, Exxon, Reserve, Commonwealth Financial Network, Nasdaq, Dow Jones, Treasury, Federal Reserve, Fed, Dallas, Exxon Mobil Corp, Wealth Management, JetBlue Airways, American Airlines, Spirit Airlines, Thomson Locations: U.S, New York, Bengaluru

TOKYO/SINGAPORE, July 5 (Reuters) - Oil benchmark Brent fell on Wednesday, reversing some of the gains made after Saudi Arabia and Russia announced they would extend and deepen output cuts into August, as concerns over a global economic slowdown weighed on market sentiment. Brent was down 46 cents, or 0.6%, at $75.79 a barrel by 0704 GMT, after climbing $1.60 on Tuesday. Investors remained concerned about oil demand, however, after business surveys showed a slump in global factory activity because of sluggish demand in China and in Europe. "The trajectory of global oil stockpiles may soon become as relevant as OPEC+ supply cuts and macro headwinds given the International Energy Agency's outlook for a tightening oil market in H2 2023," analysts from Commonwealth Bank of Australia said in a note. Reporting by Yuka Obayashi in Tokyo and Muyu Xu in Singapore; Editing by Sonali Paul and Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Brent, Tomomichi Akuta, Yuka Obayashi, Xu, Sonali Paul, Muralikumar Organizations: . West Texas, Mitsubishi UFJ Research, Consulting, Federal, Market, U.S, of, Petroleum, Investors, Traders, American Petroleum Institute, Reuters, International Energy, Commonwealth Bank of Australia, Thomson Locations: TOKYO, SINGAPORE, Saudi Arabia, Russia, ., Monday's, U.S, United States, Europe, China, Algeria, OPEC, Tokyo, Singapore

☆ There will be enough lithium to meet demand over the next couple of years, says Commonwealth Bank
▼ + stars: | 2023-07-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere will be enough lithium to meet demand over the next couple of years, says Commonwealth BankVivek Dhar from Commonwealth Bank of Australia says lithium demand is sufficient for now, but will surge significantly later in the decade as countries set ambitious climate goals.

Persons: Vivek Dhar Organizations: Commonwealth Bank of Australia

☆ NHS at 75: Vintage photos document the birth of free healthcare in Britain
▼ + stars: | 2023-07-05 | by ( Oscar Holland | ) edition.cnn.com time to read: +3 min

Published ahead of this week’s anniversary, new book “The NHS” brings together over 100 photos from the service’s early decades. A patient with a chest specialist at a Bristol health center inspect a chest X-ray in July 1948, the month the NHS launched. Popperfoto/Getty ImagesNurses cradle the first babies to be born under the new National Health Service on 5th July 1948. Had they been born a day earlier, they would have cost their families one shilling and sixpence, according to new book "The NHS." The postwar decades saw the NHS recruit heavily from Commonwealth and Caribbean countries to meet a shortfall in nursing staff.

Persons: ”, Lucy Davies, Sydney O'Meara, Frederick West, Britain's, Aneurin Bevan, Popperfoto, Chris Porsz, George W, Hales Organizations: CNN, National Health Service, Hoxton Mini Press, NHS, Getty, St Thomas ' Hospital, Heritage, Partnership, Nurses, Hulton, National Heart Hospital, Rolls Press, Brook General Hospital ,, British Drug Houses, Trinity, Walsgrave Hospital Locations: Britain, Bristol, London, Brook General Hospital , London, Commonwealth, Caribbean, Coventry

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