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Enter the Swiss franc, a longstanding safe haven asset that just hit its highest level against the euro since 2015 , standing tall as its traditional rivals lose appeal. Other than U.S. dollar cash, only the Swiss franc and gold remained as options, Ielpo said. The Swiss franc has rallied over 3% against the yen this month. Reuters GraphicsUNCERTAIN WORLDSince the Oct.7 Hamas attacks in Israel, the Swiss franc -- also referred to as the Swissie -- has rallied roughly 2% against the dollar. "The war in the Middle East clearly has lead to a flight to safety that benefited the Swiss franc," said Karsten Junius, an economist at J.Safra Sarasin in Zurich.

Persons: Morgan Stanley, Florian Ielpo, Ielpo, Jeremy Stretch, Karsten Junius, Francesco Pesole, J.Safra Sarassin's Junius, Luca Paolini, Paolini, Treasuries, Toby Gibb, Naomi Rovnick, Alun John, John Revill, Amanda Cooper, Dhara, Dhara Ranasinghe, Tomasz Janowski Organizations: Swiss, Nestle, Wall, Lombard, U.S, Swiss National Bank, Traders, Ministry of Finance, CIBC Capital Markets, Reuters, ING, Management, Artemis, Thomson Locations: ZURICH, Israel, Geneva, Japan, Zurich, Swiss, U.S, London

☆ Macron says 'Islamist terrorism' rising in Europe, all states at risk
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +1 min

TIRANA, Oct 17 (Reuters) - Europe is seeing a rise of "Islamist terrorism" and all states are threatened, French President Emmanuel Macron said on Tuesday during a visit to Albania, after Islamist killings of a teacher in France and two Swedish football fans in Belgium. Macron spoke a day after a 45-year-old attacker, who identified himself as a member of Islamic State and claimed responsibility in a video posted online, killed the two Swedes fans in Brussels. All European states are vulnerable, and there is indeed a resurgence of Islamist terrorism," Macron said after talks with Albanian Prime Minister Edi Rama in Tirana. "Here, we reiterate our solidarity with our Belgian friends," Macron said. "Israel's security, the fight against all terrorist groups, as well as the peace process and the political solution, are all interconnected," he said.

Persons: Emmanuel Macron, Macron, Florian Goga, Fatos, Hedy Beloucif, Marine Strauss, Ivana Sekularac, Mark Heinrich Our Organizations: Islamic, Albanian, Edi Rama, Thomson Locations: TIRANA, Europe, Albania, France, Belgium, Islamic State, Brussels, Paris, French, Arras, Tirana, Israel, Pristina

Google's search engine earned its huge market share by almost instantaneously presenting people with helpful information culled from the billions of websites that have been indexed since former Stanford University graduate students Larry Page and Sergey Brin developed the technology during the late 1990s. These agreements don’t preclude users from switching to a different search engine in their settings, but it’s a tedious process that few people bother to navigate. “You get up in the morning, you brush your teeth and you search on Google,” Nadella said. “Google must think they getting a great benefit from those default agreements, but maybe they're really not worth that much,” Olson said. That would be ironic.”Although the trial is focused on Google's search engine, a government victory could have more sweeping consequences across the technology industry if Mehta decided all default settings are anti-competitive and outlaws all defaults in the settings.

Persons: it's, Judge Amit Mehta, Mehta, “, ”, Luther Lowe, Larry Page, Sergey Brin, Department's, Bing, Satya Nadella, ” Nadella, Bing —, Nadella, Florian Schaub, ” Schaub, Eddy Cue, David Olson, ” Olson, Siri Organizations: Google, U.S, Justice Department, Stanford University, Apple, Microsoft, University of Michigan, Verizon, Boston College Law School Locations: U.S, Europe

☆ ‘We’re all secretly embarrassed about something’: Inside the world of artist Sarah Lucas
▼ + stars: | 2023-10-12 | by ( Ananda Pellerin | ) edition.cnn.com time to read: +7 min

CNN —The world of Sarah Lucas is crowded with body parts. “Chicken Knickers”, a photo from 1997, is one of over 75 works on display as part of “Happy Gas” a major retrospective of Lucas’ work at the Tate Britain gallery in London. Lucy Dawkins/Tate BritainHow you respond to the work implies something about you as much the art, Lucas said during an interview with CNN on the day of the exhibition preview. It probably depends on what you’re bringing to it; whether you’re secretly embarrassed about something. Max Colson/Courtesy the artist/Sadie Coles HQ London/Tate BritainLike a well-executed joke, Lucas’ work provokes as it draws audiences in, which might have to do with where people encounter it, she says.

Persons: Sarah Lucas, Lucas ’, Florian, Kevin, Lucas, Lucy Dawkins, Tate, I’m, you’re, ” Lucas, Tracey Emin, Damien Hirst, Max Colson, Sadie Coles, ”, — Lucas, “, Sarah Lucas Mumum, Mike Bruce, Doris ”, Doris, Robert Glowacki, “ I’m, it’s, Tim Toms, “ William Hambling ”, “ Florian ”, Kevin ” Organizations: CNN, London -, Tate, Young British Artists, Goldsmith University, MTV, Sunday Sport, London, Britain Locations: London, Tate Britain, British, Suffolk

REUTERS/Staff/File Photo Acquire Licensing RightsSummaryCompanies Global stocks tick up; U.S. futures riseBond yields tumble again but remain highOil prices steady after rising on Israel-Hamas warLONDON/SINGAPORE, Oct 11 (Reuters) - Global stocks edged higher on Wednesday while bond yields dropped again as investors waited for minutes from the latest Federal Reserve meeting and U.S. inflation figures. Meanwhile, oil prices were little changed as traders kept an eye on the conflict between Palestinian militants and Israel. The MSCI All World stock index (.MIWD00000PUS) was last up 0.21% on Wednesday, after rising 1% in the previous session. Futures for the S&P 500 were up 0.26% after the stock index (.SPX) climbed 0.52% on Tuesday. Global stocks, which had been on the slide since early August, have rallied for the last few sessions.

Persons: Dow Jones, I'm, Florian Ielpo, Arthur van Slooten, Raphael Bostic, Harry Robertson, Tom Westbrook, Sam Holmes, Alex Richardson Organizations: REUTERS, Staff, LONDON, Reserve, Nasdaq, Dow, Lombard, Global, Investors, Treasury, Societe Generale, Atlanta Fed, Bloomberg, Thomson Locations: Frankfurt, Germany, Israel, SINGAPORE, Palestinian, Nashville, Gaza, Brent, China, London, Singapore

BRAUNAU AM INN, Austria (AP) — Work started Monday on turning the house in Austria where Adolf Hitler was born in 1889 into a police station, a project meant to make it unattractive as a site of pilgrimage for people who glorify the Nazi dictator. The decision on the future of the building in Braunau am Inn, a town on Austria's border with Germany, was made in late 2019. Plans call for a police station, the district police headquarters and a security academy branch where police officers will get human rights training. On Monday, workers put up fencing and started taking measurements for the construction work.The police are expected to occupy the premises in early 2026. The building had been rented by Austria’s Interior Ministry since 1972 to prevent its misuse, and was sublet to various charitable organizations.

Persons: —, Adolf Hitler, Austrian, Florian Kotanko, ”, ” “ Organizations: Austria’s Interior Ministry Locations: Austria, Nazi, Braunau, Austria's, Germany

☆ Uber is moving its $600 million ad account from WPP to Omnicom
▼ + stars: | 2023-09-27 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +3 min

Uber is switching its $600 million ad buying business from WPP to rival Omnicom, according to two people familiar with the matter. Uber began a competitive pitch for its media business in March. Florian Adamski, Omnicom Media Group CEO, said in a statement that its agencies would make its "strategic data capabilities" central to its work for Uber. Omnicom media agencies have notched up a handful of sizeable wins since the beginning of July. New business has included the $585 million Beiersdorf account, the $150 million global HSBC business, and the $150 million brief from lottery operator Allwyn Entertainment, according to marketing industry tracker COMvergence.

Persons: Omnicom, WPP's, Uber, IPG Mediabrands, David Mogensen, Florian Adamski, WPP's GroupM, Adweek, IDComms, It's, Sean, Diddy, Combs Organizations: WPP, Omnicom Media, Omni, HSBC, Allwyn Entertainment Locations: Asia, Pacific

☆ Germany needs structural change to prevent a shift to the right, Commerzbank CEO says
▼ + stars: | 2023-09-22 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +2 min

The sun sets behind the lignite-fired power plant of Boxberg on August 18, 2023 in Neuliebel, Germany. Florian Gaertner | Photothek | Getty ImagesGermany needs to implement structural changes if it wants to prevent a political shift to the right, Commerzbank CEO Manfred Knof told CNBC at the Handelsblatt Banking Summit 2023. Knof also said Germany's small-to-medium-sized companies, known as the Mittelstand, were reluctant to invest in their own country because of the structural issues in Europe's largest economy. "We need more activities and ... [a] better framework for the German SMEs to invest in this country," he added. "A lot of family-owned companies ... have very operational plans to relocate," Russwurm said, adding that the current business conditions in Germany had created a "cocktail" of obstacles for companies.

Persons: Florian Gaertner, Manfred Knof, Knof, Siegfried Russwurm, CNBC's Annette Weisbach, Russwurm Organizations: Photothek, Getty, CNBC, Handelsblatt, Federal Ministry for Economic Affairs, Germany, German Industry Federation Locations: Boxberg, Neuliebel, Germany, Bavaria, Europe's

☆ Leverkusen snatch 2-2 draw at Bayern with stoppage-time penalty
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +2 min

MUNICH, Germany, Sept 15 (Reuters) - Bayer Leverkusen scored a stoppage time penalty through Exequiel Palacios to rescue a 2-2 draw at Bayern Munich on Friday and snap their winning start. The match lived up to its billing and the result left Bayern and Leverkusen level on 10 points at the top of the standings. Palacios thundered in his spot kick after Alphonso Davies had brought down Jonas Hofmann. But it was Bayern who scored with Tel weaving past the Leverkusen defence to set up Goretzka. Leverkusen, however, had the final say with Davies' sloppy defending earning them a last-gasp spot kick after a VAR review.

Persons: Exequiel Palacios, Palacios thundered, Alphonso Davies, Jonas Hofmann, Leon Goretzka, Thomas Tuchel, Tuchel, Harry Kane, Alejandro Grimaldo, Striker Victor Boniface then, Lukas Hradecky, Kane, Bayern's Sven Ulreich, Jeremie Frimpong, Florian Wirtz, Boniface, Davies, Palacios, Karolos Grohmann, Pritha Sarkar Organizations: Bayer Leverkusen, Bayern Munich, Bayern, Leverkusen, Mathys, Tel, Thomson Locations: MUNICH, Germany

☆ Germany shocks France in first game without Hansi Flick as new era dawns ahead of home Euros
▼ + stars: | 2023-09-13 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +4 min

Flick was appointed head coach in August 2021, succeeding Joachim Löw after Germany’s disappointing early exit from the delayed 2020 European Championship. Germany won just four of its last 16 matches while the head coach was in charge – a streak stretching back to March 2022. In the former Bayern Munich coach’s first major tournament, Germany was surprisingliy eliminated in the group stages at the 2022 World Cup. Germany lost to Japan at the 2022 World Cup and also were beaten by them in Hansi Flick's last game in charge. “The Japan game clearly showed us that we couldn’t carry on like this,” Völler’s statement read.

Persons: Thomas Müller, Leroy Sané, Kai, Antoine Griezmann’s, Hansi Flick, Rudi Völler, Flick, Joachim Löw, surprisingliy, Matthias Schrader, Bernd Neuendorf, ” Neuendorf, Völler, “, Wolfgang Rattay, Bayern Munich’s Jamal Musiala, Bayer Leverkusen’s Florian Wirtz, David Inderlied, Müller, Sané, Serge Gnabry Organizations: CNN, France, Tuesay, Germany, German Football Association, DFB, Bayern Munich coach’s, Costa Rica, Japan, European, “ Sporting, ”, Reuters, Bayern, German, AP Locations: Dortmund, France, Germany, Japan, Qatar, Spain

☆ European retailers risk dressing-down from investors as consumers flinch
▼ + stars: | 2023-09-11 | by ( Joice Alves | ) www.reuters.com time to read: +5 min

Reuters GraphicsThe broader STOXX 600 (.STOXX) is up by 7% this year, meaning retailers are outperforming by the most on record. The snag is that this stellar run has been partly built on investors unwinding bearish bets, or short positions, on retail stocks, after last year's pessimism proved overdone. This means retail stocks might not see as many willing buyers as earlier this year. Jones expects retail stocks to fall in the second half of the year. JPMorgan downgraded the grocery retail sector this month and flagged the prospect of price declines going into 2024.

Persons: Inditex, unwinding, Benjamin Jones, Jones, Florian Ielpo, Ielpo, WH Smith, Alexandre Bompard, LSEG, Joice Alves, Amanda Cooper, Tomasz Janowski Organizations: Reuters, Macro, Multi, Management, Carrefour, JPMorgan, Deutsche Bank, Thomson Locations: Zara, bullish, LSEG, Britain

☆ Opel expects to offer electric vehicle for around 25,000 euros by 2026
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: 1 min

MUNICH, Sept 4 (Reuters) - Stellantis-owned carmaker Opel will be able to offer an electric vehicle at a price of about 25,000 euros ($26,967) without incentives from around 2026, the brand's CEO said on Monday. "With purely electric platforms from Stellantis, we will be able to offer prices that will allow us to touch a far wider audience," Florian Huettl told reporters. ($1 = 0.9270 euros)Reporting by Gilles Guillaume Writing by GV De Clercq Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

Persons: Florian Huettl, Gilles Guillaume, David Goodman Organizations: Opel, GV, Thomson Locations: MUNICH, Stellantis

World shares (.MIWD00000PUS) were up 0.3% in European trading. European stocks, led by technology shares and China-exposed automakers, also rose. But the uncomfortable message from Jackson Hole may mean a protracted higher inflation than market bulls might have hoped, said the note. Figures on European Union inflation this week may also be instrumental in whether the European Central Bank (ECB) decides to hike next month. Oil prices drew some support from the storm developing in the Gulf of Mexico and China support.

Persons: Issei Kato, Florian Ielpo, Jerome Powell, Lombard, Ielpo, Jackson, Christine Lagarde, Ben Broadbent, Kazuo Ueda, Brent, Nell Mackenzie, Amanda Cooper, Stephen Coates, Hugh Lawson Organizations: Nikkei, U.S, REUTERS, Companies, payrolls, China PMI, China, Nasdaq, FTSE, China Evergrande, HK, Hong Kong Stock Exchange, Shanghai, Lombard, Traders, Federal, Fed, JPMorgan, European Central Bank, Bank of England, Bank of Japan, Thomson Locations: Tokyo, Japan, China, Beijing, Generali, Hollywood, Friday's, Gulf of Mexico

The findings come as support for Chancellor Olaf Scholz and his coalition slumps and the AfD capitalises on voter insecurity. German inflation has been on a downward trend, but is still much higher than the European Union's 2% target. Low and middle income households have been generally hit harder by inflation, Florian Dorn, a researcher at Ifo told Reuters. Although higher energy import prices initially drove inflation in Europe and Germany, companies were also putting up prices beyond their cost inflation, WSI analysis showed. Companies' profit inflation rose by 7% in 2022 compared to an only 3.3% rise in labour costs.

Persons: Fabian Bimmer, Chancellor Olaf Scholz, Florian Dorn, Ulrich Schneider, Der, Riham, Alexandra Hudson Organizations: REUTERS, Kantar Public, Ifo, Reuters, Workers, Companies, Alexandra Hudson Our, Thomson Locations: Hamburg, Germany, Russia, Ukraine, Europe's, Europe

Germany's property sector is in stress, underscoring a major change of fortune for real estate in Europe's largest economy after an end to the era of cheap money. In the latest signs of stress in the sector, Germany's largest real estate group Vonovia (VNAn.DE) posted multi-billion euro losses and writedowns, and job growth for construction workers has stagnated. The property sector makes up roughly a fifth of economic output and one in ten jobs, according to the German Property Federation. The Ukraine war has also made German property seem riskier for foreign investors. The president of the German Property Federation, Andreas Mattner, is pressing the government to temporarily suspend a property sales tax and is demanding a low-interest rate credit program to support new residential building.

Persons: Kai Pfaffenbach, Sven Carstensen, Florian Schwalm, Olaf Scholz, Klara Geywitz, Andreas Mattner, Oliver Mueller, Matthias Inverardi, Holger Hansen, Friederike Heine Our Organizations: REUTERS, CARE, German Property Federation, Reuters Graphics Reuters, European Central Bank, Germany, German Construction Industry Federation, Thomson Locations: Frankfurt, Germany, Germany's, Europe's, Kai Pfaffenbach FRANKFURT, United States, Sweden, Ukraine, East, Asia

☆ AI Scams, Spam, Hacking, Are Ruining the Internet
▼ + stars: | 2023-08-08 | by ( Shubham Agarwal | ) www.businessinsider.com time to read: +14 min

A report from Europol expects a mind-blowing 90% of internet content to be AI-generated in a few years. A report from Europol, the European Union's law-enforcement agency, expects a mind-blowing 90% of internet content to be AI-generated in a few years. And while AI bots have telltale signs now, experts indicate that they will soon get better at mimicking humans and evading the detection systems developed by Menczer and social networks. While misinformation has long been a problem with the internet, AI is going to blow our old problems out of the water. But security researchers have discovered that the AI bots in your apps and devices might steal sensitive information for the hackers.

Persons: HBO Max, haven't, ChatGPT, Christian Selig, Reddit, Martijn Pieters, He'd, NewsGuard, Gordon Crovitz, NewsGuard's, Filippo Menczer, NewsGuard's Crovitz, Christopher Cowell, Cowell, John Licato, Bing, Florian Tramèr, Toby Walsh, Walsh, Shubham Agarwal Organizations: HBO, Europol, Market, Indiana University's Observatory, Social Media, Facebook, Microsoft, Google, University of South, ETH Zürich, University of New, University of Oxford, Wired, Company Locations: Cambridge, Europol, Portland , Oregon, Etsy, University of South Florida, University of New South Wales, Ahmedabad, India

[1/3] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. European shares gained modestly after euro zone inflation fell further in July seeing that most measures of underlying price growth also eased. "Data out this week should remain superficially consistent with the 'soft landing' narrative," Citi market strategists wrote in a note. Japanese 10-year yields surged to a nine-year high up to 0.6% on Monday, and toward the new cap of 1.0%. U.S. crude rose 1.63% to $81.89 per barrel and Brent was at $85.56, up 0.67% on the day.

Persons: Brendan McDermid, Florian Ielpo, Paul Christopher, Christopher, Austan Goolsbee, Sterling, Brent, Lawrence Delevingne, Nell Mackenzie, Nick Macfie, Will Dunham, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Dow Jones, Nasdaq, Apple Inc, Caterpillar Inc, Starbucks Corp, Devices, Markets, European Central Bank, Lombard, U.S, Citi, Intel, Lam Research, Wells Fargo Investment, Chicago Federal Reserve Bank, Bank of England, Bank of, Federal Reserve, Bank of Japan, Treasury, Thomson Locations: New York City, U.S, Wells Fargo, Boston, London

REUTERS/Kai Pfaffenbach/File PhotoFRANKFURT, July 27 (Reuters) - New construction plunged in Germany during the first half of the year, data on Thursday showed, the latest sign of stress in the property market of Europe's largest economy. The data underscore a steep rut that dominates the nation's real-estate sector in its worst crisis in decades. "There's strong caution in project development," said Sven Carstensen, chief executive of Bulwiengesa. The nation's property industry will ask the government for multi-billion euro support at a meeting with Chancellor Olaf Scholz in September, Reuters reported last week. "The situation is dramatic," said Jan-Marco Luczak, a parliamentarian who has pushed for a property tax cut demanded by industry.

Persons: Kai Pfaffenbach, Sven Carstensen, Chancellor Olaf Scholz, Marco Luczak, Marcus Gwechenberger, Bulwiengesa, Florian Schwalm, EY, Karim Rochdi, Tom Sims, Hugh Lawson Organizations: REUTERS, Bulwiengesa, Reuters, European Central Bank, Thomson Locations: Frankfurt, Germany, FRANKFURT, Frankfurt's

☆ '4chan for economists' is melting down as racist, sexist anonymous posts are linked to Harvard, Yale, and other top institutions
▼ + stars: | 2023-07-21 | by ( Kate Taylor | ) www.businessinsider.com time to read: +12 min

A new study links anonymous posts on "4chan for economists" to IP addresses at Harvard, Yale, and other top schools. Other snippets of posts with IP addresses at Harvard, Stanford, Yale, University of Chicago, and the National Bureau of Economic Research headquarters include: "Rapefugees Welcome!!!!! Other snippets of posts with IP addresses at Harvard, Stanford, Yale, University of Chicago, and the National Bureau of Economic Research headquarters include: "Rapefugees Welcome!!!!! Notre Dame IP addresses made up 3.4% of posts from a research-institution IP address. According to Ederer, it took just 15 minutes to figure out how to connect usernames with IP addresses.

Persons: Anya Samek, Samek, EJMR, Boston University's Florian Ederer, Yale's Paul Goldsmith, Pinkham, Kyle Jensen, Ederer, Christina Romer, Scott Cunningham, Rob Seamans, Merkel, bubba, Trevon Logan, that's, She's Organizations: Harvard, Yale, North American Economic Science Association Conference, University of Chicago, undergrad, National Bureau of Economic Research, American Economics Association, Baylor, Marvel, Stanford, University of Notre Dame, Columbia, Notre Dame, Ohio State University, UMass Amherst, University of California Locations: Tucson , Arizona, Cambridge , Massachusetts, Ederer, Erdogan's Turkey, troon, Samek, San Diego

Data suggests recession risks remain high, but wages and U.S. and European interest rates are also still rising - so stick or twist? Here are five big calls investors are now making. Principal Global Investors chief global strategist Seema Shah said she maintained her view that government bonds would do well with recession still likely by year-end. Reuters Graphics4/ FRAGILE CHINASpluttering data, property market woes and meek economic stimulus have also busted new year bets of a Chinese mini-boom. Principal Global Investors' Shah said she still expected commodities to continue to struggle "because a combination of U.S. slowdown plus China slowdown should mean weak demand."

Persons: Bonds, Francesco Sandrini, Seema Shah, JP Morgan, Trevor Greetham, Florian Ielpo, Athanasios Vamvakidis, Morgan Stanley, Shah, Naomi Rovnick, Marc Jones, Alun John, Dhara Ranasinghe, Mark Potter Organizations: Treasury, Investors, Reuters, Global Investors, Royal London Asset Management, Lombard, Swiss, Bank of America, Fed, FX, JPMorgan, Thomson Locations: bitcoin, Europe's, British, tatters, Japan, CHINA

☆ Crows and magpies are getting revenge on humans by using anti-bird spikes around their nests as weapons
▼ + stars: | 2023-07-12 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +4 min

They have started using the spikes in their nests to keep other birds away. For this particular nest, magpies pulled up 150 feet of the spiky metal strip from the rooftop of a nearby hospital, creating "an impregnable fortress," said Hiemsa. Hiemstra told the BBC that more research is needed to confirm the intent of the corvids using the spikes in the nest. Magpies build roofed nests and favor spiky materials. Other spiky materials had previously been spotted in nests in the area, such as barbed wire and knitting needles.

Persons: Auke, Florian Hiemstra, Hiemstra, —, sandra standbridge, isn't, Jim Reynolds, wasn't, Reynolds, it's, Peregrine falcons Organizations: Service, Naturalis Biodiversity Center, BBC, Magpies, University of Birmingham, Guardian Locations: Europe, Wall, Silicon, Rotterdam, Netherlands, Antwerp, Belgium, Scotland, Amsterdam

☆ Countries agree to slash shipping emissions but not enough to stay within warming limits
▼ + stars: | 2023-07-07 | by ( ) www.cnbc.com time to read: +2 min

Countries at the meeting of the United Nations' International Maritime Organization in London signed a deal for shipping emissions to reach net zero "by or around" 2050. Maritime nations agreed Friday to slash emissions from the shipping industry to net zero by about 2050 in a deal that several experts and nations say falls short of what's needed to curb warming to agreed temperature limits. Experts calculate the industry must cut its emissions by 45% by 2030 and reach net zero by 2050 to keep on track with 1.5 C temperature goal. The German government welcomed the agreement, calling it "an important milestone for ensuring that international shipping makes a fair contribution to reaching the temperature goals of the Paris agreement." Transport Ministry spokesman Florian Druckenthaner said Germany had "lobbied massively" for the goal of net zero emissions by 2050.

Persons: General Kitack Lim, Lim, Florian Druckenthaner, Druckenthaner Organizations: United Nations, International Maritime Organization, Maritime, —, Transport, The Associated Press Locations: London, Canada, United States, Paris, Germany

☆ France: Fund for killer cop dwarfs that of family of victim
▼ + stars: | 2023-07-04 | by ( Christian Edwards | ) edition.cnn.com time to read: +8 min

And what does it tell us about French politics? “Currently, this fund complies with our terms of use because the funds will be paid directly to the family in question. Le Pen also tempered her rhetoric in response to this crisis, in what Marliere said was an attempt to appeal to more middle-of-the-road voters. While Zemmour called the rioters “scum” and called for some of their requests for French nationality to be refused, Le Pen spoke more sympathetically about the victim. “The Meloni strategy is very much what Le Pen is trying to follow in France,” Marliere said.

Persons: Nahel, Jean Messiha, Messiha, Eric Zemmour, Pen’s, Eric Dupond, Moretti, “, GoFundMe, ”, Philippe Marliere, ” Marliere, Florian.M, Pen, Marliere, Zemmour, Le Pen, Le, Emmanuel Macron, Macron, Georgia Meloni, Joseph Downing, Downing, that’s, ” Downing, Nahel Merzouk, Alexis Jumeau Organizations: CNN, National, Marine, ”, France Inter, BFMTV, Twitter, University College London, AP, Nanterre, Italian, Bois, Macron Locations: France, Paris, Marseille, Nanterre, Clichy

☆ What could break as interest rates rise?
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +5 min

Sweden, where rates rose again on Thursday, is one to watch with most homeowners' mortgages moving in lockstep with rates. Reuters Graphics2/ REAL ESTATE: PART 2Having taken advantage of the low rates era to borrow aplenty and buy up property assets, the commercial real estate sector is grappling with higher debt refinancing costs as rates rise. "The single most important thing is interest rates. But not just interest rates; what it is equally important is the predictability of rates," said Thomas Mundy, EMEA head of capital markets strategy at real estate firm JLL. "If we were settled on an interest rate, real estate prices could adjust.

Persons: Richard Portes, Thomas Mundy, Banks, Florian, Ielpo, Jerome Powell, Markus Allenspach, Julius Baer, Nick Kraemer, Wagner, Vladimir Putin's, Putin, Tina Fordham, Chiara Elisei, Naomi Rovnick, Nell Mackenzie, Karin Strohecker, Vincent Flasseur, Kripa Jayaram, Sumanta Sen, Pasit, Dhara Ranasinghe, Alison Williams Organizations: International Monetary Fund, Reuters, Federal, Finance, London Business School, Lombard, Federal Reserve, Casino, Sweden's SBB, Fordham Global Foresight, Thomson Locations: Britain, Norway, Russia, Sweden, lockstep, London's, City, RUSSIA, Ukraine

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