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☆ Arab American support for Biden, Democrats plummets over Israel, poll shows
▼ + stars: | 2023-10-31 | by ( Andrea Shalal | ) www.reuters.com time to read: +3 min

Arab American support for Biden, at 59% in 2020, fell even before the outbreak of violence in the Middle East to 35%, the poll commissioned by the Arab American Institute showed, but has halved since. THE TAKEThe poll is the latest evidence that Biden's campaign for a second term in office is rapidly losing Muslim and Arab Americans support over his staunch support of Israel. Only 20% of Arab Americans would rate Biden's job performance as "good," the poll showed, with 66% reporting a negative view of the president overall. The poll showed that 45% of Arab Americans were concerned about their personal safety due to the recent violence in Israel and Palestine. The poll was conducted by John Zogby Strategies of 500 Arab Americans with some answering online only.

Persons: Bonnie Cash, Joe Biden's, Donald Trump, Robert F, Kennedy Jr, Cornel, John Zogby, Andrea Shalal, Heather Timmons, Nick Zieminski Organizations: Palestine, REUTERS, Rights, Democratic, Biden, Arab American Institute, Republican, Cornel West, Thomson Locations: Gaza, Washington , U.S, Arab, Israel, Michigan , Ohio, Pennsylvania, United States, U.S, Palestine

Tensions between pro-Israel and pro-Palestinian groups have sprung up on some U.S. campuses, including several in New York, prompting university officials to tighten security. "There is no place for hate in America, and we condemn any antisemitic threat or incident in the strongest terms," White House spokesperson Karine Jean-Pierre told a regular briefing. The Jewish leaders included representatives of the campus Jewish organization Hillel, the Anti-Defamation League and the National Council of Jewish Women, the White House official said. Cardona and White House domestic policy adviser Neera Tanden will visit a university and meet with Jewish students later this week, the official said. Over the weekend, threats were posted online to Jewish students and the Center of Jewish Living at Cornell, according to the student newspaper and the campus Hillel group.

Persons: Karine Jean, Pierre, Biden, Kamala Harris's, Douglas Emhoff, Education Secretary Miguel Cardona, Deborah Lipstadt, Israel, Hillel, Cardona, Neera Tanden, Kathy Hochul, Hochul, Doina Chiacu, Andrea Shalal, Trevor Hunnicutt, Howard Goller Organizations: Columbia University, REUTERS, Rights, Biden, White, Israel, Cornell University, Defamation, Education Secretary, Department of Education's, Civil Rights, Defamation League, National Council of Jewish Women, White House, Islamic Relations, Center of Jewish, Cornell, Hillel, FBI, New, Jewish, Twitter, Thomson Locations: Gaza, New York City, U.S, New York, America, Israel

☆ A third of Columbus, Ohio's population just had $335 million in medical debt wiped out thanks to Biden's American Rescue Plan
▼ + stars: | 2023-10-29 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +5 min

The letters are informing more than 300,000 residents that some, if not all, of their medical debt will be forgiven. All told, the hospitals are wiping clean about $335 million in medical debt for nearly one-third of the city's population. The Columbus City Council first approved the plan on October 16 after months of research and planning. The plan was made together with the Central Ohio Hospital Council, which represents four major hospital systems in the region. Cook County, Illinois, New Orleans, Louisiana, and Pittsburgh, Pennsylvania, have all implemented similar plans to provide medical debt relief.

Persons: Joe Biden's, Pro Tem Rob Dorans, Dorans, Jeff Klingler, Columbus, Klingler, Andrea Organizations: Rescue Plan, Morning, Columbus City Council, City, Pro Tem, Central Ohio Hospital Council, Associated Press, American Rescue, Ohio State University Locations: Columbus , Ohio, Columbus, New York, Ohio, Toledo, United States, Cook County , Illinois, New Orleans , Louisiana, Pittsburgh , Pennsylvania, Franklin County

The other tier comprises mainstream vessels that use Western services for legal oil shipments, including from Russia under the terms of the price cap. In the short term, available ghost vessels could be in particular demand, making chartering them more expensive. Even so, some analysts say removing the price cap could be the way to really punish Russia. But he said that was very unlikely because the price cap at least allows Russian oil to flow, thereby moderating international prices. "The Biden administration is already reeling from higher oil prices compounded by the unrest in Gaza, potentially spreading to a wider Middle Eastern conflict.

Persons: Alexandre Meneghini, Ioannis Papadimitriou, Mike Salthouse, FGE, Vortexa’s Papadimitriou, Richard Bronze, Adi Imsirovic, Biden, Natalie Grover, Robert Harvey, Julia Payne, Andrea Shalal, Barbara Lewis Organizations: REUTERS, Reuters, Maersk, EU, White House, United Arab, Shell, BP, Exxon Mobil, Exxon, U.S, . Treasury, Treasury, Novy Port, Surrey Clean Energy, Thomson Locations: Liberia, Russia, Matanzas, Matanzas , Cuba, Ukraine, United States, Euronav, Turkey, United Arab Emirates, U.S, India, Novy, Gaza, London, Brussels, Washington

☆ Udinese announce Cioffi as new manager
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: 1 min

Oct 25 (Reuters) - Udinese have appointed Gabriele Cioffi as their new manager to replace Andrea Sottil, the Serie A club announced on Wednesday. The club parted ways with Sottil on Tuesday after a winless start to the season left Udinese third from bottom in the standings after nine games. "Udinese is pleased to announce the appointment of Gabriele Cioffi as the new first-team coach. Cioffi returns to the club having previously managed Udinese during the 2021-22 campaign. Last season he was manager at Hellas Verona but was sacked after the opening nine league games.

Persons: Gabriele Cioffi, Andrea Sottil, Sottil, Cioffi, Trevor Stynes, Christian Radnedge Organizations: Udinese, Serie, Hellas Verona, Thomson

☆ Biden's Israel stance angers Arab, Muslim Americans; could jeopardize 2024 votes
▼ + stars: | 2023-10-24 | by ( Andrea Shalal | ) www.reuters.com time to read: +7 min

In hotly contested Michigan, Arab Americans account for 5% of the vote. In other battleground states Pennsylvania and Ohio, they are between 1.7% to 2%, said Jim Zogby, president of the Arab American Institute. Arab and Muslim Americans are unlikely to back Trump but could sit out the election and not vote for Biden, some activists said. Some Arab American and Muslim appointees are scared of backlash and reprisals and worried about family members in the region, said one White House official, who is Arab American. Secretary of State Antony Blinken acknowledged the personal difficulties some staff are facing in a Thursday letter, and met Monday with Palestinian and Arab American community leaders and Jewish American groups.

Persons: Bonnie Cash, Joe Biden's, Biden, Biden's, Donald Trump, Jim Zogby, Trump, Laila El, Haddad, Abdullah Hammoud, Linda Sarsour, Sa'ed Atshan, Barack Obama, Jeff Zients, Anita Dunn, Jake Sullivan, Jon, Antony Blinken, Josh Paul, Andrea Shalal, Kanishka Singh, Simon Lewis, Heather Timmons, Grant McCool Organizations: Palestine, REUTERS, Rights, Muslim, Republican, Arab American Institute, Michigan, Trump, United Nations, Arab American Association of New, Islamic Relations, Quaker Palestinian, Pennsylvania's Swarthmore College, White, Gaza, Muslim American, White House, Palestinian, Jewish, Political, Military Affairs, Thomson Locations: Gaza, Washington , U.S, Israel, Michigan, Pennsylvania, Ohio, Maryland, Canada, American, Dearborn , Michigan, U.S, Arab American Association of New York, Quaker Palestinian American, Arab American

☆ Biden's Israel stance angers Arab, Muslim-Americans; could jeopardize 2024 votes
▼ + stars: | 2023-10-24 | by ( Andrea Shalal | ) www.reuters.com time to read: +6 min

[1/2] U.S. President Joe Biden has demonstrated unwavering support for Israel's security over a half century in public life. In other battleground states Pennsylvania and Ohio, they are between 1.7% to 2%, said Jim Zogby, president of the Arab American Institute. Arab and Muslim Americans are unlikely to back Trump but could sit out the election and not vote for Biden, some activists said. U.S. officials with family in the region are doubly stressed by the "ambassadorial" role they play as they field agitated messages from relatives and others angry at Biden's Israel strategy. Secretary of State Antony Blinken acknowledged the personal difficulties some staff are facing in a Thursday letter, and met Monday with Palestinian and Arab American community leaders and Jewish American groups.

Persons: Joe Biden, Biden, Benjamin Netanyahu, Joe Biden's, Biden's, Donald Trump, Jim Zogby, Trump, Laila El, Haddad, Abdullah Hammoud, Linda Sarsour, Sa'ed Atshan, Barack Obama, Jeff Zients, Anita Dunn, Jake Sullivan, Jon, Antony Blinken, Josh Paul, Andrea Shalal, Kanishka Singh, Simon Lewis, Heather Timmons, Grant McCool Organizations: Israeli, Hamas, Muslim, Republican, Arab American Institute, Michigan, Trump, Arab American Association of New, Islamic Relations, Quaker Palestinian, Pennsylvania's Swarthmore College, White, Muslim American, White House, Palestinian, Jewish, Political, Military Affairs, Thomson Locations: Israel, Tel Aviv, WASHINGTON, Gaza, Michigan, Pennsylvania, Ohio, Maryland, Dearborn , Michigan, U.S, Arab American Association of New York, American, Arab American

FILE PHOTO: An Apple logo is pictured outside an Apple store in Lille, France, September 13, 2023. REUTERS/Stephanie Lecocq/File Photo Acquire Licensing RightsWASHINGTON, Oct 24 (Reuters) - Apple (AAPL.O) on Tuesday will announce plans to make parts, tools and documentation needed to fix its iPhones and computers available to independent repair shops and consumers nationwide, the White House said. In recent years, Apple executives have begun touting the longevity and resale value of its devices while making it easier to fix them and to access spare parts. Apple started distributing parts and manuals to some independent repair shops in 2019. While Apple has provided spare parts to repair shops since 2019, the California bill also requires it to supply diagnostic tools to those shops as well.

Persons: Stephanie Lecocq, Apple, Joe Biden, Lael Brainard, Brainard, Nathan Proctor, Proctor, Andrea Shalal, Stephen Nellis, Lisa Shumaker Organizations: Apple, REUTERS, Rights, National Economic, Manufacturers, Thomson Locations: Lille, France, U.S, California, Colorado , New York, Minnesota, San Francisco

☆ White House says Iran 'actively facilitating' some attacks on US military bases
▼ + stars: | 2023-10-23 | by ( Steve Holland | ) www.reuters.com time to read: +2 min

Military vehicles of U.S. soldiers are seen at the al-Asad air base in Anbar province, Iraq, January 13, 2020. "We know that Iran is closely monitoring these events, and in some cases, actively facilitating these attacks and spurring on others who may want to exploit the conflict for their own good, or for that of Iran," he said. "We are deeply concerned about the potential for any significant escalation of these attacks in the days ahead," Kirby said. "We know Iran's goal is to maintain some level of deniability here, but we're not going to allow them to do that," Kirby said. "We also are not going to allow any threat to our interests in the region to go unchallenged."

Persons: Asad, John Davison, Biden, John Kirby, Kirby, we're, Steve Holland, Doina Chiacu, Andrea Shalal, Deepa Babington, Grant McCool Organizations: REUTERS, Rights, Department of Defense, Islamic Revolutionary Guard, Hamas, Thomson Locations: U.S, Anbar province, Iraq, Iran, Iranian, Syria, United States, Israel

The White House reported Biden's separate calls with the Western leaders, Netanyahu and Pope Francis amid growing fears that the Israel-Hamas war could mushroom into a wider Middle East conflict as Israel pounded Gaza and clashes on its border with Lebanon intensified. It was not immediately clear why Biden's call with the Western leaders did not include Japan. U.S. President Joe Biden has demonstrated unwavering support for Israel's security over a half century in public life. Biden and the Catholic leader discussed "the need to prevent escalation in the region and to work toward a durable peace in the Middle East," the White House said. Reporting by Andrea Shalal and Kanishka Singh in Washington; Editing by Nick Zieminski and Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Benjamin Netanyahu, Israel, Netanyahu, Pope Francis, Biden, Read, Andrea Shalal, Kanishka Singh, Nick Zieminski, Lisa Shumaker Organizations: Sunday, Hamas, White, Israeli, Thomson Locations: REHOBOTH BEACH , Delaware, Israel, Palestinian, Canada, France, Britain, Germany, Italy, Gaza, Lebanon, Japan, Morocco, Tel Aviv, Ukraine, Washington

☆ Biden Holds Call With Key Western Allies, Pope to Discuss Israel-Hamas War
▼ + stars: | 2023-10-22 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +1 min

The White House reported Biden's separate calls with the Western leaders, Netanyahu and Pope Francis amid growing fears that the Israel-Hamas war could mushroom into a wider Middle East conflict as Israel pounded Gaza and clashes on its border with Lebanon intensified. It was not immediately clear why Biden's call with the Western leaders did not include Japan. Biden convened a virtual meeting of the G7 after Russia's invasion of Ukraine in February 2022. Biden and the Catholic leader discussed "the need to prevent escalation in the region and to work toward a durable peace in the Middle East," the White House said. (Reporting by Andrea Shalal and Kanishka Singh in Washington; Editing by Nick Zieminski and Lisa Shumaker)

Persons: Andrea Shalal, Kanishka Singh, Joe Biden, Benjamin Netanyahu, Israel, Netanyahu, Pope Francis, Biden, Nick Zieminski, Lisa Shumaker Organizations: Reuters, Sunday, Hamas, White Locations: Kanishka Singh REHOBOTH BEACH , Delaware, Israel, Palestinian, Canada, France, Britain, Germany, Italy, Gaza, Lebanon, Japan, Morocco, Ukraine, Washington

Michel suggested no deal was imminent when he told reporters the two sides needed to find "mutually beneficial" solutions. U.S. Trade Representative Katherine Tai met with European Commission Executive Vice President Valdis Dombrovskis on Thursday, a third source told Reuters. Michel told reporters it was a critical time for the United States and the EU to "stick together" on their shared values and commitment to democracy given the Israel-Hamas conflict. It is still to be seen if this will end the U.S. tariffs threat or just see an extended suspension. Given the EU needs such materials itself for its green transition, the positive impact for the bloc may be limited.

Persons: Ursula von der Leyen, Joe Biden, Charles Michel, Michel, von der Leyen, Katherine Tai, Valdis Dombrovskis, Donald Trump, Bernd Lange, Philip Blenkinsop, Alexandra Hudson, Jonathan Oatis Organizations: WASHINGTON, European Union, Trump, Commission, U.S, European, . Trade, EU, Washington, World Trade Organization, United, Thomson Locations: BRUSSELS, United States, Israel, Gaza, Ukraine, Europe, North America, China, Brussels, U.S, Washington, Friday's

U.S. President Joe Biden attends a meeting with Israeli Prime Minister Benjamin Netanyahu (not pictured), as he visits Israel amid the ongoing conflict between Israel and Hamas, in Tel Aviv, Israel, October 18, 2023. Biden noted at the start of the meeting that the EU and the U.S. were standing together to support Israel and Ukraine, but would also discuss ways to address "unfairly traded steel and aluminum imports" and talks about critical minerals. Trade negotiators had scrambled on Thursday to avoid the U.S. resuming import tariffs on EU steel and aluminum imposed by then-President Donald Trump in 2018, ultimately agreeing to keep the tariffs at bay while they keep talking. "We look forward to continuing to make progress on these important objectives in the next two months," it said. The joint statement cited progress toward a "targeted" deal, and said the leaders looked forward to continuing negotiations in the coming weeks.

Persons: Joe Biden, Benjamin Netanyahu, Evelyn Hockstein, Washington, Charles Michel, Ursula von der Leyen, Biden, Michel, Donald Trump, Andrea Shalal, Jeff Mason, Jarrett Renshaw, Heather Timmons, Jonathan Oatis, Alistair Bell, Marguerita Choy Organizations: Israeli, Hamas, REUTERS, Rights, European Union, White, Senior U.S, European, European Commission, Ukraine, EU, ., Trade, United Steelworkers, Biden, Trump, Washington, World Trade Organization, U.S, Thomson Locations: Israel, Tel Aviv, U.S, Ukraine, China, Brussels, Washington, North America, Europe

U.S. President Joe Biden will host Michel and European Commission chief Ursula von der Leyen on Friday to show unity toward Ukraine, but with trade irritants souring ties. U.S. Trade Representative Katherine Tai met with European Commission Executive Vice President Valdis Dombrovskis on Thursday, and the two countries' trade negotiators were meeting around the clock. Michel told reporters it was a critical time for the United States and the EU to "stick together" on shared values and commitment to democracy, especially given the escalating crisis in the Middle East, which threatens to overshadow the long-planned summit. It is still to be seen if this will end the U.S. tariffs threat or just see an extended suspension. Given the EU needs such materials itself for its green transition, the positive impact for the bloc may be limited.

Persons: Charles Michel, Joe Biden, Michel, Ursula von der Leyen, von der Leyen, Katherine Tai, Valdis Dombrovskis, Donald Trump, Bernd Lange, Philip Blenkinsop, Alexandra Hudson, Jonathan Oatis Organizations: European Union, EU, European Commission, Trump, . Trade, European, Washington, World Trade Organization, United, U.S, Thomson Locations: BRUSSELS, WASHINGTON, United States, Ukraine, China, Brussels, U.S, Washington, North America

IMF Managing Director Kristalina Georgieva did not mention the new conflict at opening events. The inability to respond extended to chair's statements issued by the Group of 20 major economies and the IMF and World Bank steering committees, which failed to mention the conflict. "You know, without peace, it's hard for people to get stability, growth, look after their children, get jobs," he said. But conflicts remain the biggest challenge to the global economy, said Josh Lipsky, a former IMF official who directs the Atlantic Council's GeoEconomics Center. "Geopolitical shocks are economic shocks now and economic shocks are geopolitical shocks - and they're trying to detach the two."

Persons: Kristalina Georgieva, that's, Rachel Nadelman, Joe Biden, China's Xi, Ajay Banga, Josh Lipsky, Andrea Shalal, David Lawder, Giles Elgood Organizations: Global, International Monetary Fund, World Bank, IMF, West Bank, Reuters, Research Center, Group, GeoEconomics, Thomson Locations: MARRAKECH, Morocco, Israel, Gaza, Lebanon, Ukraine, United States, China, Bali, Africa

☆ Yellen Says U.S. Will Fight to Ensure Robust Economic Aid for Ukraine
▼ + stars: | 2023-10-16 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +4 min

She said the Biden administration was committed to supporting Ukraine "for as long as it takes" and would fight to ensure a bipartisan majority in the U.S. Congress enacted "robust" and uninterrupted assistance for the war-torn country. Ukrainian Finance Minister Serhiy Marchenko told Reuters on Saturday that Ukraine is finding it harder to secure financial support. Yellen lauded the European Union's plans for a 50 billion euro Ukraine Facility to provide sustained economic and reconstruction support, saying that economic support should have maximum concessionality, meaning low or zero interest rates. WINDFALL PROCEEDS TO AID UKRAINETo ensure additional sources of revenue, Yellen reiterated that she supported "harnessing windfall proceeds from Russian sovereign assets immobilized in particular clearing houses and using the funds to support Ukraine." U.S.-EU collaboration was also crucial regarding economic ties with China, Yellen said, including targeted actions to safeguard national security interests such as restrictions on certain outbound investments in sensitive technologies.

Persons: Andrea Shalal LUXEMBOURG, Janet Yellen, Biden, Yellen, Jim Jordan, Donald Trump, Brussels's, Serhiy Marchenko, Andrea Shalal, Christina Fincher Organizations: . Treasury, Ukraine, U.S, Congress, Hamas, Sky News, Kyiv, Ohio, Republican, EU, Ukrainian, Reuters, UKRAINE Locations: United States, Europe, Ukraine, Israel, Gaza, America, Hungary, U.S, Russia, China, Washington

The Group of 20 major economies did reach consensus on an official communique but omitted any mention of the Israel-Hamas war. Senior World Bank Group officials were more pointed in a statement to staff, saying they were "shocked and appalled by the unprecedented escalation of violence in Israel and Gaza." "We condemn terrorism in all forms, including the abhorrent targeting of innocent civilians and kidnapping," the leaders of the World Bank, the International Finance Corp and the Multilateral Investment Guarantee Agency, said in an internal statement seen by Reuters. "Geopolitical shocks are economic shocks now and economic shocks are geopolitical shocks - and they're trying to detach the two." Reporting by Andrea Shalal and David Lawder; Editing by Giles Elgood and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Kristalina Georgieva, that's, Rachel Nadelman, Joe Biden, China's Xi, Ajay Banga, Josh Lipsky, Andrea Shalal, David Lawder, Giles Elgood, Stephen Coates Organizations: Global, International Monetary Fund, World Bank, IMF, West Bank, Reuters, Research Center, U.S, Treasury, Bank Group, International Finance Corp, Multilateral Investment Guarantee Agency, GeoEconomics, Thomson Locations: MARRAKECH, Morocco, Israel, Gaza, Lebanon, Ukraine, United States, China, Africa

☆ Key takeaways from the IMF/World Bank meetings
▼ + stars: | 2023-10-14 | by ( ) www.reuters.com time to read: +5 min

Global inflation is seen dropping from 6.9% this year to a still-high 5.8% next. Italian central bank governor Ignazio Visco said there was an impression markets were "reevaluating the term premium" as investors become more nervous about holding longer term debt. One debt restructuring deal emerged: Zambia finally agreed a debt rework memorandum of understanding with creditors including China and France. Sri Lanka said on Thursday it reached an agreement with the Export-Import Bank of China covering about $4.2 billion of debt, while talks with other official creditors are stalling. There was much talk ahead of Marrakech on revamping the IMF and World Bank to better reflect the emergence of economies like China and Brazil.

Persons: Ajay Banga, Mercy Tembon, Finance Serhiy Marchenko, Ceda Ogada, Kristalina Georgieva, Pierre, Olivier Gourinchas, Ignazio Visco, Joyce Chang, Vitor Gaspar, Mehmet Simsek, Murat Ulgen, Kate Donald, Ahmed El Jechtimi, Andrea Shalal, David Lawder, Leika Kihara, Elisa Martinuzzi, Rachel Savage, Jorgelina, Rosario, Balazs Koranyi, Mark John, Christina Fincher Organizations: Bank, Finance, International Monetary Fund, Emerging, Research, HSBC, Reuters, Export, Import Bank of, World Bank, Oxfam International's Washington DC Office, Thomson Locations: Ukraine, MARRAKECH, Morocco, Moroccan, Marrakech, Israel, Central, United States, China, Italy, Italian, Turkey, Kenya, Zambia, France, Sri Lanka, Import Bank of China, Brazil, U.S

China, whose economy is now three times the size it was in 2010, continued to push for more IMF shares. IMFC members agreed to add a third IMF Executive Board chair to represent African countries, a key sweetener for the U.S. "equi-proportional quota plan. Pan said China supported this move but it was a separate issue from the shareholding formula. It also called for the IMF's Executive Board to propose options for changes to the shareholding formula by June 2025. This would accelerate the next five-year review of quotas and meet IMF Managing Director Kristalina Georgieva's call for a deadline on adjusting its shareholding to preserve its credibility.

Persons: Nadia Calvino, Kristalina Georgieva, Pan Gongsheng, Pan, Kristalina, Georgieva, David Lawder, Andrea Shalal, Sharon Singleton, Christina Fincher, Franklin Paul, Diane Craft Organizations: Monetary, Financial, International Monetary Fund, World Bank, Monetary Fund, IMF, Fund, The U.S . Treasury, People's Bank of China, Beijing, IMF's, U.S . Treasury, United Arab, Thomson Locations: Marrakech, Morocco, MARRAKECH, U.S, China, CHINA, The U.S, India, Ukraine, Israel, Gaza, United Arab Emirates

Janet Yellen, United States Secretary of Treasury, participates in global infrastructure and investment forum in New York, Thursday, Sept. 21, 2023. Seth Wenig/Pool via REUTERS/File Photo Acquire Licensing RightsMARRAKECH, Morocco, Oct 13 (Reuters) - U.S. Treasury Secretary Janet Yellen told Reuters on Friday that she still believes U.S. shelter inflation will continue to ease despite new consumer price data on Thursday showing a jump in housing costs, but the process may take some time. "We do definitely believe that's coming down over time," Yellen said in an interview on the sidelines of the International Monetary Fund and World Bank meetings in Morocco. Yellen has long said that housing costs, will ease over time, helping to bring down core inflation, and said Thursday's CPI report has not deterred her from that view. "I think we have very good reason to believe, with lags, that will come down, and I don't think there's anything in the report that would cause us to think that's a mistake in judgment," Yellen said.

Persons: Janet Yellen, Seth Wenig, Yellen, David Lawder, Andrea Ricci, Marguerita Choy Organizations: Treasury, Rights, . Treasury, Reuters, International Monetary Fund, World Bank, Federal Reserve, CPI, Thomson Locations: United States, New York, Rights MARRAKECH, Morocco

☆ Yellen: met with S.Korean finance minister, looking forward to trilateral with Japan
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +1 min

U.S. Secretary of Treasury Janet Yellen attends a Multilateral Development Bank (MDB) roundtable at the annual meeting of the International Monetary Fund and the World Bank, following last month's deadly earthquake, in Marrakech, Morocco, October 13, 2023. REUTERS/Susana Vera Acquire Licensing RightsMARRAKECH, Morocco, Oct 13 (Reuters) - U.S. Treasury Secretary Janet Yellen on Friday said she met with South Korean Finance Minister Choo Kyung-ho, and looked forward to a trilateral meeting with Japan's finance minister. Yellen, in a posting on X, formerly known as Twitter, said she met with Choo on the sidelines of the annual meetings of the International Monetary Fund and World Bank in Marrakech, Morocco and they discussed recent macroeconomic developments and security issues. It was not immediately clear when the U.S., Japanese and South Korean finance ministers would meet for a trilateral engagement. Reporting by Andrea Shalal, Editing by Franklin PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Janet Yellen, Susana Vera, South Korean Finance Minister Choo Kyung, Yellen, Choo, Andrea Shalal, Franklin Paul Organizations: Development Bank, International Monetary Fund, World Bank, REUTERS, Rights, . Treasury, South Korean Finance Minister, Twitter, Franklin Paul Our, Thomson Locations: Marrakech, Morocco, Rights MARRAKECH, U.S, Korean

☆ Yellen: met with South Korean finance minister, looking forward to trilateral with Japan
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +1 min

☆ Israel-Hamas conflict is 'new cloud' darkening economic outlook - IMF chief
▼ + stars: | 2023-10-12 | by ( Andrea Shalal | ) www.reuters.com time to read: +2 min

REUTERS/Susana Vera Acquire Licensing RightsMARRAKECH, Morocco, Oct 12 (Reuters) - International Monetary Fund managing director Kristalina Georgieva said on Thursday the "heartbreaking" Israel-Hamas conflict threatened to darken an already murky global economic outlook. "We are closely monitoring how the situation evolves, how it is affecting, especially oil markets," Georgieva said. There had been some fluctuations in oil prices and reactions in markets but it was too early to predict the economic impact, she added. "It's heartbreaking to see innocent civilians dying," an emotional Georgieva told reporters. French Finance Minister Bruno Le Maire told reporters any regional expansion of the conflict would lead to "problematic economic consequences" for energy prices and global growth.

Persons: Kristalina, Susana Vera, Kristalina Georgieva, Georgieva, Israel, Bruno Le Maire, Andrea Shalal, David Lawder, Andrew Cawthorne, Andrew Heavens Organizations: International Monetary Fund, IMF, World Bank, REUTERS, Rights, Monetary Fund, Red, French Finance, Thomson Locations: Marrakech, Morocco, Rights MARRAKECH, Israel, Gaza

☆ World Bank governors endorse 'liveable planet' vision - German minister
▼ + stars: | 2023-10-12 | by ( Andrea Shalal | ) www.reuters.com time to read: +3 min

MARRAKECH, Morocco, Oct 12 (Reuters) - World Bank shareholders on Thursday endorsed further reforms and a new vision statement committing the multilateral development bank to work for "a world free of poverty on a liveable planet," German Development Minister Svenja Schulze said. "With the reform, we will make the World Bank into a better bank that uses its funds in a more targeted way," she said. "The World Bank will be able to provide more funds for poverty reduction and climate action." The World Bank would begin piloting this option for small states that are particularly affected by climate change, she said. Schulze said the bank's shareholders would push on to enact reforms and improvements at other development banks.

Persons: Svenja Schulze, Schulze, Ajay Banga, Banga, Andrea Shalal, Andrew Cawthorne, Jan Harvey, Mark Porter Organizations: World Bank, IMF, International Monetary Fund, Bank, MasterCard, Thomson Locations: MARRAKECH, Morocco, United States, Germany, France, Canada, Netherlands

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