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☆ 'Trad wives' have blown up online since Roe v. Wade was overturned, but that's only half the story
▼ + stars: | 2024-02-25 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +10 min

Read previewTikTok has a question: Have trad wives gotten more popular since Roe v. Wade was overturned? Nara Smith, the second most popular trad wife account, has gained 2.2 million followers since she set her account up in September 2022. Williams told BI she thinks people are fascinated by traditional wife content because it is "nostalgic," "wholesome, and fulfilling." Williams said she's not surprised trad wife content has picked up since Roe v. Wade was overturned. "You get to choose what makes you happy, and no woman should be forced to be a trad wife, and no woman should be forced to not be a trad wife."

Persons: —, Roe, Wade, Caroline Burke, Hannah Neeleman, Burke, Estee Williams, Gwen, Rachel Joy, Neeleman, Nara Smith, Smith, Williams, she's, David Neeleman, Tyler Bender, Bender, Katya Varbanova, Varbanova, I'm, doesn't, Bettie Organizations: Service, Business, Fox News, Fox Locations: Utah, United States, TikTok

☆ Inside the latest drama at Goldman Sachs that reportedly has some partners up in arms
▼ + stars: | 2024-02-22 | by ( Reed Alexander | ) www.businessinsider.com time to read: +4 min

AdvertisementThe drama playing out within the upper ranks of Goldman Sachs is continuing to unfold, and CEO David Solomon's troubles with senior partners don't appear to be over yet. (Garcia's co-head of European investment banking, Anthony Gutman, is also said to have been named to the committee.) Bloomberg reported this week that Beth Hammack — a longtime Goldman partner, co-head of the global financial group, member of the management committee, and former CEO of Goldman Sachs Bank USA — is set to step down. And when Esposito broke the news last month of his imminent departure in a note to partners and clients, he wrote, wistfully, that he planned to "bleed Goldman Sachs forever." Are you a Goldman Sachs or Wall Street insider?

Persons: Goldman Sachs, David Solomon's, who's, Mark Sorrell, Gonzalo Garcia, Joshua Franklin, Arash Massoudi, Kim Posnett, Sorrell —, Sir Martin Sorrell, Stephan Feldgoise, Anthony Gutman, Sorrell, Gutman, Garcia, Goldman, Alison Mass, George Lee, Jim Esposito —, —, Solomon, Adebayo, Beth Hammack —, Esposito, wistfully, Reed Alexander Organizations: Financial, IB, Reading, Goldman, Bloomberg, Goldman Sachs Bank Locations: Miami

☆ These are the stocks about to report earnings that often beat expectations and gain
▼ + stars: | 2024-02-20 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Using Bespoke Investment Group data, CNBC Pro screened for stocks set to release their quarterly results that meet the following criteria: Average earnings per share beat rate of 75% or higher. The firm expects Nvidia to report quarterly revenue of $22.95 billion, far above Wall Street's expectations of $20.23 billion. The company will report quarterly results on Thursday. Still, the firm reiterated its buy rating and $3,960 target price. Analysts' average price target indicates Block could gain 15.1 % over the next 12 months, per FactSet.

Persons: Lee Horowitz Organizations: Nvidia, CNBC Pro, Google, U.S ., UBS, Booking Holdings, Deutsche Bank, Palo Alto Networks Locations: —

☆ Atmospheric river: Definition, relationship to hurricanes, potential benefits, and more FAQs answered
▼ + stars: | 2024-02-08 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +7 min

Atmospheric rivers are rivers of water vapors low in the Earth's atmosphere. Below, we answer some FAQs about atmospheric rivers. What causes an atmospheric river? Atmospheric rivers and hurricanes have a few things in common, Cordeira said, but "the processes in the atmosphere that give rise to a hurricane are different than the processes that give rise to atmospheric rivers." In 1994, MIT researchers Yong Zhu and Reginald E. Newell published a paper about "atmospheric rivers and bombs."

Persons: Jason Cordeira, Cordeira, El, it's, Carlos Barria, they're, Yong Zhu, Reginald E, Newell, Ralph et al Organizations: Service, Los Angeles Times, Scripps Institution of Oceanography's Center, Western, National Oceanic, Atmospheric Administration, West, Scripps Institution of Oceanography, REUTERS, MIT, University of California Locations: West Coast, Southern California, Mississippi, California, California , Oregon, Washington, Europe, Chile, New Zealand, Australia, West, Bolinas , California, Hawaii, San Diego

☆ Opinion | Think the Baby Bust Was Bad Before? Just Look at It Now.
▼ + stars: | 2024-01-31 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

The baby bust that we all know about has gotten worse in a way that isn’t yet widely understood. And they have continued to fall since, according to a report to clients by James Pomeroy, a global economist for HSBC, the London-based bank. It’s titled, “The Baby Bust Intensifies: How Bad Could It Get?” (Sorry, no link.) Pomeroy didn’t wait for the official data collectors such as the United Nations to assemble data trickling in from national statistical agencies. In most of the countries for which Pomeroy managed to get data, the total number of births continued to fall steeply in 2023.

Persons: James Pomeroy, Pomeroy didn’t, ” Pomeroy, Pomeroy Organizations: HSBC, United Nations Locations: London, United States, Czech Republic, Ireland, Poland

☆ The average US homebuyer has gained $40,000 in buying power in the last 3 months as mortgage rates cool
▼ + stars: | 2024-01-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Homebuyers have gained more purchasing power as mortgage rates have edged lower. That's due to a steady decline in mortgage rates, with the 30-year fixed rate hovering around 6.7%. That's thanks to the recent decline in mortgage rates, which has taken the cost of borrowing on a 30-year fixed mortgage to around 6.7%, Freddie Mac data shows. With rates hovering around 6.7%, that means the typical homebuyer will pay $2,545 on their monthly mortgage payment – down from the median monthly payment of $2,713 when mortgage rates hovered around 7.8%. Prospective buyers shouldn't try to time interest rates before entering the housing market, Redfin chief economist Daryl Fairweather said.

Persons: Homebuyers, Redfin, —, Freddie Mac, shouldn't, Daryl Fairweather, Fairweather Organizations: Service, Fed

☆ Palestinian soccer team claims emotional first Asian Cup win to reach knockouts as war rages in Gaza
▼ + stars: | 2024-01-24 | by ( Helen Regan | ) edition.cnn.com time to read: +5 min

The historic sporting moment for Palestinians comes as Israel’s war against Hamas following the group’s October 7 attacks rages in Gaza, causing widespread destruction and a catastrophic humanitarian crisis. Some Palestinian players have reportedly lost family members, or have relatives trapped in Gaza, and have spoken about the difficulties of playing while not knowing what’s happening at home. Many of those in the stands in Qatar waved Palestinian flags or held up keffiyeh scarves to show support for the team. Thaier Al-Sudani/ReutersStarvation, bombing at homeAs the Palestinian team progresses to the knockout stage in Qatar, back home the Israeli military campaign is intensifying in southern Gaza. On Monday, the Hamas-controlled health ministry in Gaza said the number of Palestinians killed in Israeli attacks in Gaza since October 7 has risen to 25,295, with at least 63,000 injuries recorded.

Persons: Dabbagh, Abdullah, Zeid Qunbar, Mohammed Saleh, Thaier, Makram Daboub, ” “, ” Daboub, Hector Cuper, Hong, Everton Camargo, Khan Younis Organizations: CNN, Palestinian, soccer team, AFC Asian, Hong, Hamas, West Bank, Reuters, ”, India, United Nations Relief, Works Agency Locations: Hong Kong, Qatar, Doha, Gaza, Israel, Palestine, Reuters Palestine, Syria, Iran, Hamas

☆ Falling Domestic Fares and an A.I. Arms Race: What Travelers Can Expect in 2024
▼ + stars: | 2024-01-18 | by ( Christine Chung | ) www.nytimes.com time to read: +21 min

Arms Race: What Travelers Can Expect in 2024 At the start of what promises to be a very busy year, we look ahead at what you’re likely to encounter. With 2023 in the rearview mirror, we look ahead at what travelers will face in 2024. At United Airlines, for example, smarter software can offer rebooking options and issue food and lodging vouchers when a flight is canceled, rather than just rebooking a flight. United Airlines has suspended its flights indefinitely, said Josh Freed, a United spokesman. This year, travelers are expected to choose faraway places and board small ships, according to Virtuoso, the consortium of luxury travel agencies.

Persons: Chanelle, Hayley Berg, ” Ms, Berg, “, Robert W, Mann Jr, ”, Chad Burt, Oren Etzioni, Gilbert Ott, Hopper, Greg Forbes, Delta’s, Neville Pattinson, Mr, Pattinson, biometrics, Laura Lindsay, Joshua Smith, Smith, Laurel Brunvoll, Michael Zeiler, Airbnb, We’ve, Jamie Lane, ‘, ’ ”, Jan Freitag, “ We’ve, David Whiteside, Brian Kelly, Guy, Leigh Rowan, “ There’s, Kelly, Rowan, ” Mr, James Thornton, Sharm el Sheikh, Khaled Ibrahim, Harry Rubenstein, Rubenstein, Eyal Carlin, Josh Freed, Jack Ezon, Tom Marchant, Beth McGroarty Organizations: World Tourism Organization, International Air Transport Association, Analysts, Express Global, ”, airfare, University of Washington, United Airlines, Transportation, Administration, Salt Lake, International Airport, Denver International Airport, Delta Air Lines, U.S . Customs, Border Protection, La Guardia Airport, Los Angeles International Airport, biometrics, Thales, Air, American Airlines, Global, “, —, MidX Studios, LivSmart Studios, Hilton, Hyatt Studios, Accor Hotels, Boston University, Visa, Mastercard, Walmart, Target, Savanti, Chase, Intrepid Travel, Amisol Travel, East Travel Alliance, United, Consumers, Ki’ama, Wellness, Global Wellness Institute Locations: United States, Point.me, Salt, North America, London, Rome, Tokyo, Cancún, Las Vegas, Cayman Islands, Polynesia, Europe, Norway, Denmark, Air Canada, Bergen, Flam, Scandinavia, Italy, France, Malta, Slovenia, Maryland, Spain, Portugal, Britain, Egypt, India, Mexico ; Cape Girardeau, Mo, Niagara Falls, N.Y . Texas, Burnet, Sulphur Springs, New York, Vienna, Marriott, Israel, Jordan, Oman, Oman —, Tunisia, Northern Africa, Sharm, Cairo, Amisol Travel Egypt, Jerusalem, Tel Aviv, Ramle, Kimberley, Western Australia, Mitre, Patagonia, Ki’ama Bahamas, Bahamas, South Africa, Hudson, Tuxedo Park, N.Y, Malibu , Calif, Mexico

☆ See the Rapid Expansion of Tent Camps in Southern Gaza
▼ + stars: | 2024-01-18 | by ( Leanne Abraham | Zach Levitt | ) www.nytimes.com time to read: +8 min

Gaza City Khan Younis Gaza Strip RafahSee the Rapid Expansion of Tent Camps in Southern GazaRecent satellite imagery shows an influx of displaced Palestinians into Rafah, the Gaza Strip’s southernmost region, where about 1.25 million people are now living in squalid, cramped conditions. A satellite image from Nov. 10 showing a portion of western Rafah in the Gaza Strip. There has been an expansion to the area of visible tents, mostly limited to the areas around the schools and the logistics base. The number of tents and makeshift structures sharply increased across this area of Rafah after Israel’s repeated orders to evacuate large portions of central and southern Gaza in December. With a vast majority of Gaza’s population displaced, aid groups and the U.N. have been struggling to keep up with the staggering demand for help in Rafah and across the Gaza Strip.

Persons: Tal, Israel’s, ”, Juliette Touma, Ibraheem Abu Mustafa, Shaina, Ms, Low, Al Qarya, Deir al Balah, Khan Younis, Touma, al Balah Khan Younis Organizations: Camps, Labs, Hamas, Planet Labs, United Nations Relief, Works Agency, Norwegian Refugee Council, United Nations, Reuters, Humanitarian Affairs, . Locations: Gaza, Khan, Rafah, Southern Gaza, Rafah’s, Ibraheem, Egypt, Egypt’s, U.N, Deir, al, al Balah Khan Younis Rafah, Israel

☆ 7 stocks ready to rally by 118% to 288%, according to Wall Street's top analysts as compiled by a financial data firm
▼ + stars: | 2024-01-17 | by ( Laila Maidan | ) www.businessinsider.com time to read: +2 min

If you're looking at this year's economic outlook to inform your investing decisions, you may want to rethink that strategy. Investors like Bryant VanCronkhite, a senior portfolio manager at Allspring , agree that the environment is ripe for active management. The days of overpriced equities that benefited from low interest rates will soon hit a brick wall. One option is to take a cue from Wall Street's top analysts — and TipRanks, a financial data firm, has analyzed reams of data to compile useful lists. Below is a set of seven mid-cap stocks that analysts have given "strong buy" ratings with high upside.

Persons: It's, Long, Goldman Sachs, Jean Boivin, Bryant, — Organizations: Business, Bank of, BlackRock Investment Institute, Allspring, NYSE, Nasdaq

☆ Live updates: Israel-Hamas war, Gaza famine, Houthi attacks
▼ + stars: | 2024-01-16 | by ( Chris Lau | ) edition.cnn.com time to read: +2 min

Children cry out for food relief in Rafah, Gaza on December 31, 2023. Rizek Abdeljawad/Xinhua/Getty ImagesIsrael's war in Gaza has brought famine with "such incredible speed," the United Nations’ relief chief told CNN on Monday, as he warned that hundreds of thousands of Palestinians are starving in the besieged enclave. "It's been an extraordinary and holy unwelcome aspect of the Gazan war," he said. Last week, the UN Office for the Coordination of Humanitarian Affairs said Israel had denied critical supplies from entering northern Gaza. "We worry for the security of Israel as much as the security of Gaza," he said.

Persons: Rizek Abdeljawad, CNN's Christiane Amanpour, It's, Israel, Griffiths, Monday Organizations: Getty, United Nations, CNN, UN, Humanitarian Affairs, Emergency, UN Office, Palestinian, of Health Locations: Rafah, Gaza, Xinhua, Israel

☆ Hundreds of thousands are starving in Gaza as famine arrives at ‘incredible speed,’ UN aid chief says
▼ + stars: | 2024-01-16 | by ( Helen Regan | Chris Lau | ) edition.cnn.com time to read: +7 min

CNN —Israel’s war in Gaza has brought famine with “such incredible speed,” the United Nations’ emergency relief chief told CNN on Monday, as he warned that hundreds of thousands of Palestinians are starving in the besieged enclave. Griffiths told CNN Monday that work to provide humanitarian aid to 300,000 Gazans who remain in the north of the strip continues to be a challenge. “People in Gaza risk dying of hunger just miles from trucks filled with food,” said WFP head Cindy McCain. People wait for food relief in the southern Gaza Strip city of Rafah, on December 31, 2023. But the agencies echoed relief chief Griffiths’ warning that humanitarian aid alone cannot reverse the worsening hunger among Gaza’s population.

Persons: CNN —, “, ” Martin Griffiths, CNN’s Christiane Amanpour, “ It’s, ”, Israel, Griffiths, Rizek Abdeljawad, Monday, Cindy McCain, Salwa, ” Tibi, Shadi Bleha, Catherine Russell, ” Russell, Phillipe Lazzarini Organizations: CNN, United Nations, UN, Humanitarian Affairs, Emergency, UN Office, Palestinian, Getty, of Health, Food Programme, UN Children’s Fund, UNICEF, World Health Organization, “, Food Security, IPC, Palestine Refugee Agency Locations: Gaza, Rafah, Xinhua, Israel, Palestine

☆ The workplace is transforming because workers want good jobs, not just jobs
▼ + stars: | 2023-12-05 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +7 min

Despite threats to job security such as layoffs, the rise of return-to-office mandates, and the prospect of artificial intelligence taking over jobs, workers have realized what's akin to letting a genie out of the bottle: Their jobs don't have to be just jobs. The push to make jobs back into careers, and good jobs, is just beginning. "And we've also seen just the massive gap between CEO salaries and frontline worker pay." Even so, there's been what Bruno called a "national consciousness raising" around what a quality job is. And thinking toward a future full of quality jobs is a message workers are taking to heart.

Persons: Ingrid Vilorio, She's, Vilorio, It's, Rob Bruno, Bruno, what's, —, Julie Su, Biden, Biden administration's, Su, there's, Zers —, Federal Reserve Banks, Keith Wardrip, Wardrip Organizations: University of Illinois, Workers, Treasury Department, Gallup, United Auto Workers, BI, Federal Reserve, Federal Reserve Bank of Philadelphia Locations: California, University of Illinois Urbana, Champaign, America, Philadelphia, Atlanta

☆ The hidden expense that's sucking $74 billion out of the economy
▼ + stars: | 2023-11-30 | by ( Bartie Scott | ) www.businessinsider.com time to read: +14 min

They said rising costs kept the board from expanding amenities residents wanted, such as a shared composting system. jhorrocks/Getty ImagesRising price for peace of mindIn the constellation of household costs, insurance is often one of the lesser-noticed line items. But recently the rising cost of repairs and the frequency of damaging weather events have made the deal go sour. Rising insurance costs could inflict more pain on another bruised area of the economy: housing affordability. For this reason, insurance companies could decline to cover them or require costly upgrades before agreeing to a policy.

Persons: that'd, Mark Pauly, Tim Quinlan, you'll, Quinlan, it's, Francesco D'Acunto, D'Acunto, Pauly, they've, Nature, John Coletti, That's, Bartie Scott Organizations: Insurance, Research, Bank of America, Global, American, Casualty Insurance Association, University of Pennsylvania's Wharton School of Business, Insurance Information Institute, Georgetown University's McDonough School of Business, Social Security, National Flood Insurance, Business Insider's Locations: Logan, Chicago, Florida, Wells Fargo, California

☆ Judge Weighs in on Bitter Dispute Between Daryl Hall and John Oates
▼ + stars: | 2023-11-30 | by ( Jamie Mcgee | Julia Jacobs | ) www.nytimes.com time to read: +1 min

The nature of the dispute between Daryl Hall and John Oates, which had been obscured in sealed court documents, became clearer on Thursday as one of pop music’s most recognizable and long-running duos put their fight in front of a judge in Nashville. Details of the collapse of the 50-year artistic collaboration and business partnership between the two had been trickling out for days in court papers submitted before Thursday’s hearing in Chancery Court, where Hall and Oates were represented by lawyers but did not appear. Hall, the lead singer and songwriter for many of the band’s hits, is arguing that Oates violated their contract by moving to sell his portion of one of their business partnerships without Hall’s approval. Hall’s lawyers went to court to block any sale while their business disagreement goes through a separate arbitration process. On Thursday, Chancellor Russell T. Perkins granted their request, preventing Oates from going further in the agreement until the arbitrator resolves the impasse, or until Feb. 17.

Persons: Daryl Hall, John Oates, Oates, Chancellor Russell T, Perkins Locations: Nashville

☆ North Korean special economic zone poised for revival in new Russia trade
▼ + stars: | 2023-11-29 | by ( Ju-Min Park | ) www.reuters.com time to read: +6 min

China accounted for 97% of North Korea's overall trade in 2022, according to South Korea's Korea Trade Investment Promotion Agency (KOTRA). But Russia resumed oil exports to North Korea in December 2022 and had exported 67,300 barrels of refined petroleum to North Korea by April, United Nations data shows, the first such shipments reported since 2020. "Assuming North Korea and Russia's honeymoon period becomes a long one, North Korea could get Russian support on food, energy and infrastructure through Rason," Cho said. Those ships are suspected of military supplies from North Korea to Russia, the reports said. From Rason's port, North Korea has sent Russia an estimated 2,000 containers suspected of carrying artillery shells, and possibly short-range missiles, South Korean military officials have told reporters.

Persons: Rason, Jeong Eunlee, Jeong, Lee Chan, Cho Sung, Cho, Alexander Kozlov, Chung Songhak, Chung, Kim Jong Un, Kozlov, Kim Il Sung, Abraham Choi, Choi, Rason . Lee, Lee, Josh Smith, Gleb Stolyarov, Gerry Doyle Organizations: North, South, Korea Institute for National Unification, Russian Federal Customs Service, South Korea's Korea Trade Investment Promotion Agency, United, Teikyo University, North Korean, Korean, Kremlin, Korea Institute for Security, South Korea's National Institute for Unification Education, Thomson Locations: SEOUL, Korean, Russia, Ukraine, China, North Korea, Rason, Korea, South Korea’s, Russian, South Korea's Korea, United Nations, Tokyo, South Korean, Pyongyang, Rason's, Soviet, North, South

☆ AI fatigue, sales challenges, and the problem of getting big: Inside growing tension at AWS
▼ + stars: | 2023-11-29 | by ( Eugene Kim | ) www.businessinsider.com time to read: +14 min

For Amazon, AWS is more important than ever. Targets missedAWS is falling short of reaching sales goals in its startups and small-business segments, two employees told BI. Burnout and attritionSeveral AWS employees also pointed to high turnover as a major point of concern. AWS employees told BI it still remains to be seen how all these changes will manifest in the months to come. "The most significant single sentiment we feel is uncertainty," one of the AWS employees told BI.

Persons: Matt Garman, Garman, Mark Shmulik, Bernstein, Rob Munoz, Munoz, Charlie Bell, Rachel Thornton, Chris Vonderhaar, Peter DeSantis, DeSantis, Andy Jassy Mike Blake, AWS's, Prasad Kalyanaraman, Kalyanaraman, Amazon's, Bard, Adam Selipsky, Adam Selipsky Noah Berger, Selipsky, Andy Jassy, Jeff Bezos, Jassy, Geekwire Organizations: Amazon Web, AWS, Business, Amazon, SMB, Enterprise, Reuters, Microsoft, Google, BI Locations: Las Vegas, AMZN's, billings

☆ 47% of Americans say inflation will affect their charitable giving—how to donate without breaking the bank
▼ + stars: | 2023-11-28 | by ( Annie Probert | ) www.cnbc.com time to read: +1 min

With high prices continuing to squeeze budgets, 47% of Americans say their charitable giving will be affected by inflation as the holidays approach, a recent WalletHub survey found. WalletHub's finding comes amidst a larger drop in individual charitable giving: Last year, Americans gave the smallest percentage of their disposable income to charity in nearly three decades, according to data from Giving USA. But this year, figuring out how you can donate may be difficult. 1 is to make sure that you're meeting all of your own basic needs," she says. As we enter giving season, here are three tips for those looking to donate to charity without breaking the bank.

Persons: Sara Young, Young Organizations: CNBC

A screen showing the Hang Seng stock index is seen outside Exchange Square, in Hong Kong, China, August 18, 2023. The VIX index of S&P 500 implied volatility - the so-called Wall Street 'fear index' - closed at 12.46 on Friday, its lowest close since January 2020. Three central banks in the Asia & Pacific region hold policy meetings this week. Like Bank Indonesia last week, the central banks of New Zealand, South Korea and Thailand are all expected to leave key rates unchanged. But, broadly speaking, no further tightening from the Fed gives central banks in Asia a bit more breathing room.

Persons: Tyrone Siu, Jamie McGeever, Diane Craft Organizations: REUTERS, People's Bank of, MSCI's, Emerging, Bank Indonesia, U.S . Federal, Fed, PPI, U.S, Treasury, Thomson, Reuters Locations: Exchange, Hong Kong, China, Israel, New Zealand, South Korea, Thailand, Australia, India, Japan, People's Bank of China, MSCI's Asia, Asia

☆ As fighting pauses, Gazans displaced from north want to return home to bury their dead
▼ + stars: | 2023-11-24 | by ( Nadeen Ebrahim | Abeer Salman | ) edition.cnn.com time to read: +6 min

Many are using the lull in fighting to try to travel back north, despite the Israeli military warning against this. But many Gazans say they need to use this pause in fighting to return home, where memories, belongings, money, clothes and even some of their loved ones remain – dead or alive. We have martyrs tossed all over the streets.”Palestinians trying to go back north were, however, blocked by Israeli forces, residents and a journalist told CNN. A Palestinian woman cries in anguish following Israeli strikes on Rafah, Gaza, on November 20, 2023. Palestinians on Friday called for a safe corridor that would allow them to cross north, gather their belongings, bury their dead and then return south.

Persons: CNN — “, Mahmoud Moharram, ” Moharram, “, Israel, Avichay Adraee, ” Adraee, ”, Asa’ad Agha, haven’t, ” Agha, Abo Mohamed, Fayoumi, Salah al, Mohammed Abed, David Satterfield, Crescent, Said Khatib, Agha Organizations: CNN, Hamas, Israel Defense Forces, ” Flyers, Getty, United States, United Nations Relief, Works Agency for Palestinian Refugees, Palestinian, UNRWA Locations: Gaza, Israel, Beit Lahia, “, Rafah, AFP, Egypt, Territories

☆ Climate: The UAE is hosting the world’s biggest annual summit. It’s also planning a massive fossil fuel expansion
▼ + stars: | 2023-11-22 | by ( Angela Dewan | ) edition.cnn.com time to read: +14 min

The flurry of forest conservation deals with Zimbabwe, Zambia, Kenya, Liberia and Tanzania were announced in the months ahead of the annual United Nations’ COP28 climate summit, being hosted this year in December by the United Arab Emirates. The annual climate summit is where global leaders and negotiators from nearly 200 countries will convene to decide how and when to ramp down fossil fuel use. Its parent company, Global Carbon Investments, has already agreed to transfer $1.5 billion to Zimbabwe in “pre-financing for carbon credits.” That’s more than the country spends on education and childcare, which combined are Zimbabwe’s biggest national expense. Minimum Emissions” slogan is a viable climate solution, even as global temperatures soar and scientists press for rapid fossil fuel cuts. Ironically, COP28 could be the arena that transforms ADNOC into a global oil major.

Persons: CNN —, Sheikh Ahmed Dalmook Al Maktoum, —, Sultan Al Jaber —, Al Jaber, ”, Sultan Al Jaber, Callaghan O'Hare, Reuters Al Jaber, ADNOC, Jamie Henn, It’s, Henn, “, Philip Morris, ” Henn, Renat Heuberger, Zinyange Auntony, Julia Jones, ’ ” Justin Kenrick, ” Patrick Galey, “ ADNOC, COP28, Bethlehem Feleke Organizations: CNN, Carbon, United Nations, United, Blue, US Department of Commerce, Abu Dhabi National Oil Company, US, Reuters, Free Media, Climate Watch, UN, COP28, Global Carbon Investments, Mucheni conservancy, Getty, “, Bangor University, Peoples, Forest Peoples Programme, Shell, BP, Global, Energy Locations: Dubai, United Kingdom, Zimbabwe, Zambia, Kenya, Liberia, Tanzania, United Arab Emirates, UAE, Abu Dhabi, Houston, UN, COP28, Africa, “, Swiss, Mucheni, Binga, AFP, Wales, Azerbaijan, Nairobi

OTTAWA, Nov 21 (Reuters) - Canada's annual inflation rate eased more than expected to 3.1% in October and core inflation measures edged down to their lowest levels in about two years, data showed on Tuesday, likely closing the door to further rate hikes. The Bank of Canada (BoC) targets 2% annual inflation. "If the door wasn't already shut to additional rate hikes, it now should be." The bank projects inflation to hover around 3.5% until mid-2024, before trickling down to its 2% target in late 2025. Dragging the annual inflation rate in October was a 7.8% drop in gasoline prices, which benefited from comparison with a price surge in October 2022.

Persons: Royce Mendes, Simon Harvey, Chrystia Freeland, Justin Trudeau's, Ismail Shakil, Steve Scherer, Dale Smith, Fergal Smith, Divya Rajagopal, Chizu Organizations: OTTAWA, Reuters, Statistics, Bank of Canada, BoC, CPI, Desjardins Group, Canadian, Justin Trudeau's Liberal, Thomson Locations: Statistics Canada, Europe, Canada, Ottawa, Toronto

☆ Fewer shoppers in Burberry stores complicates design overhaul
▼ + stars: | 2023-11-17 | by ( Mimosa Spencer | ) www.reuters.com time to read: +5 min

With fewer shoppers heading to Burberry stores, clinching a sale will be key. The label has filled its stores with new styles across a wider price range, including a renewed emphasis on its staple outerwear. At Burberry he has applied colourful dandelion prints to garments and rolled out advertising campaigns with fuzzy ducklings. "We like what Burberry is doing with product and range architecture, however, the timing is not ideal," said analysts at RBC. Burberry Chief Financial Officer Kate Ferry said the company was "absolutely committed to protecting all of the consumer-facing areas".

Persons: Daniel Lee's, Jonathan Akeroyd, Akeroyd, Riccardo Tisci, Lee, Tisci, Marco Gobbetti, Kering, LVMH, Louis Vuitton's womenswear, Nicolas Ghesquiere, Kate Ferry, Mimosa Spencer, Paul Sandle, Kirsten Donovan Organizations: Burberry, Shoppers, JPMorgan, Bond, Bottega, RBC, Gucci, Citi, Thomson Locations: United States, Europe, China, Los Angeles, Dallas, Houston, Omotesando, Tokyo, London

☆ What One Photo Shows About a Gaza Hospital in Chaos
▼ + stars: | 2023-11-15 | by ( Samar Abu Elouf | More About Samar Abu Elouf | ) www.nytimes.com time to read: +2 min

“Red!” “Yellow!” “Green!”The air at Nasser Hospital is pierced by the cries of medical workers getting their first look at patients coming in from a city under siege. It is for the most seriously wounded people, but even the other codes offer little comfort in a hospital stripped of the most basic necessities. It is hard to convey the horror that is Nasser Hospital these days. Earlier in the war, the hospital was busy, but things appeared manageable. The other day I found myself next to a doctor who was saying that before the war, the hospital used to cap daily admissions at 700.

Persons: Nasser, haven’t Organizations: Nasser, Nasser Hospital, Israel, “ Locations: Gaza

☆ China is eyeing $137 bln of new funding to boost housing market - Bloomberg News
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: 1 min

Buildings of a residential compound are seen in Shanghai, China, March 17, 2016. REUTERS/Aly Song Acquire Licensing RightsNov 14 (Reuters) - China plans to provide at least 1 trillion yuan ($137.22 billion) of low-cost financing to the nation's urban village renovation and affordable housing programs, Bloomberg News reported on Tuesday, citing people familiar with the matter. The People's Bank of China (PBOC) will inject funds in phases through policy banks, with the money ultimately trickling down to households for home purchases, Bloomberg News reported. ($1 = 7.2875 Chinese yuan renminbi)Reporting by Nilutpal Timsina in Bengaluru; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

Persons: Aly, Nilutpal, Kim Coghill Organizations: REUTERS, Bloomberg, People's Bank of China, Bloomberg News, Thomson Locations: Shanghai, China, Bengaluru

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