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☆ Australia's Greens to investigate supermarket 'price gouging'
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: +2 min

[1/2] People walk past a Woolworths supermarket following the easing of restrictions implemented to curb the spread of the coronavirus disease (COVID-19) in Sydney, Australia, June 16, 2020. REUTERS/Loren Elliott Acquire Licensing RightsSYDNEY, Dec 3 (Reuters) - Australia's Greens party said on Sunday it would lead a parliamentary inquiry into "price gouging" by major supermarkets as the country grapples with high costs of living. "It will also assess the rise in essential item prices, the validity of discounts offered, and the inflation of profits during economic hardship," added McKim, accusing supermarkets of "price gouging" during "Australia's cost of living crisis". "Construction costs, energy prices, the cost of logistics and packaging have all risen", the spokesperson said. A Woolworths spokesperson said the company was "working to deliver relief" on grocery bills.

Persons: Loren Elliott, Nick McKim, McKim, Competition Andrew Leigh, Leigh, Sam McKeith, Lincoln Organizations: Woolworths, REUTERS, Rights, Australia's Greens, Greens, Coles, Competition, Labor, Reserve Bank of Australia, Thomson Locations: Sydney, Australia

☆ Global growth to slow but avoid a hard landing -OECD
▼ + stars: | 2023-11-29 | by ( Leigh Thomas | ) www.reuters.com time to read: +3 min

Growth in advanced economies that make up the OECD's 38 members was seen headed for a soft landing, with the United States holding up better than expected so far. "Our central projections are for a soft landing, but that cannot be taken for granted," OECD chief economist Clare Lombardelli told a news conference. "Monetary policy needs careful calibration to bring inflation to targets while minimising the impact on growth. The OECD forecast U.S. growth would slow from 2.4% this year to 1.5% next year, revising up its estimates from September when it predicted U.S. growth of 2.2% in 2023 and 1.3% in 2024. Its growth was seen easing from 5.2% this year to 4.7% in 2024 - both marginally higher than expected in September - before slowing further in 2025 to 4.2%, the OECD forecast.

Persons: Vincent Alban, Clare Lombardelli, Lombardelli, Leigh Thomas, Christina Fincher, Catherine Evans Organizations: Shoppers, REUTERS, Rights, Organisation for Economic Cooperation, Development, OECD, Thomson Locations: Chicago , Illinois, U.S, Paris, United States, Germany, Japan

☆ Saving Praise Houses Before Their African Lineage Is Forgotten
▼ + stars: | 2023-11-23 | by ( Patricia Leigh Brown | ) www.nytimes.com time to read: +1 min

Kay Colleton will never forget the time she first laid eyes on Moving Star Hall, a tiny white clapboard building with a leaning chimney, a crooked roof and a storied history. The hall is a rare surviving example of a praise house — humble one-room structures used as places of worship by enslaved people on coastal plantations throughout the Carolinas and Georgia. They have been providing spiritual sustenance for generations of African Americans ever since. “There were no keys, so we just came right in,” Pastor Kay recalled of that day in 1989. Alive and hopping, Moving Star Hall is an outlier among the handfuls of praise houses still standing in varying states of repair, most tucked away on rural roads through dark tunnels of oaks laden with Spanish moss.

Persons: Kay Colleton, ” Pastor Kay, I’ll, ‘ You’ve, ’ ” Pastor Kay, — Organizations: Star Locations: Carolinas, Georgia, barrenness, Johns, Africa

Investors cautioned that tax breaks would not be sufficient to raise business investment while UK interest rates stayed high. But Wednesday, equity markets focused on Hunt's business boosts, such as a move to make full expensing on investment permanent. UK stock markets have underperformed their European and U.S. peers in 2023. The FTSE 100 index 12-month forward price-to-earnings ratio is around 10.7, about half that of U.S. stocks, with Hunt's budget unlikely to move the dial too far. Reuters GraphicsSTERLING SOGGYThe pound struggled to gain any traction on the back of Hunt's budget.

Persons: Dado Ruvic, Kwasi Kwarteng, Leigh Himsworth, Simon Harvey, Philip Shaw, Thomas McGarrity, Fuller, Smith, Turner, Oli Creasey, It's, BoE, GILTS, Craig Erlam, Goldman Sachs, Naomi Rovnick, Samuel Indyk, Lucy Raitano, Amanda Cooper, Harry Robertson, Angus MacSwan Organizations: REUTERS, Wednesday, Traders, Investors, Fidelity International, Reuters Graphics, Bank of England, BT, Investec, RBC Wealth Management, Reuters, BREWERS, Debt Management, Reuters Graphics STERLING, Thomson Locations: U.S, Cheviot, gilts, London

Impossible is often just a starting point on a Christopher Nolan film and “Oppenheimer,”about the father of the atomic bomb, was no exception. She told them at the time that if there were ever a zombie apocalypse, they were the people she’d want to be with. “Every day there’s something that happens and you have to figure out a way out of it. It was the perfect claustrophobic, unglamourous and period-specific setting for a humiliating ordeal designed to make Oppenheimer feel small. When he glued it all together, it sounded perfect — but perfect felt wrong.

Persons: Christopher Nolan, “ Oppenheimer, ”, Gary Oldman, Harry S, Truman, Emma Thomas can’t, ” Thomas, Ruth De Jong, Hoyte van Hoytema, Jennifer Lame, Chris, Luisa Abel, Jaime Leigh McIntosh, “, ” Abel, Nolan, ” McIntosh, Oppenheimer ”, Ellen Mirojnick, Mirojnick, Oppenheimer, De Jong, ” Nolan, van, van Hoytema, Lame, Emily Blunt, Ludwig Göransson’s, Oppenheimer’s, “ Oppenheimer ”, that’s, Serena McKinney, Andrew Jackson, Chris Nolan, Richard King, you’ve, King, ” Jackson, Göransson, ” it’s Organizations: Associated Press, Washington, Trinity Locations: Alamos, New Mexico, Los Angeles, Southern California, Dunkirk, ”

I hope it’s the beginning of an era,” says FastHorse, a member of the Sicangu Lakota Nation and a 2020 MacArthur Fellow. “The truth was most theaters had never produced a single play by a Native playwright. It may have been about some Native people, but it was not written by Native people. They would answer that they didn't know any Native playwrights or that there weren't enough Native audiences to power ticket sales. “I think one thing I’m just hoping that people take away from this play is like, ‘Wow, Native stories are really compelling.

Persons: Mary Kathryn Nagle, swindled, Nagle, “ I’m, ”, Larissa FastHorse, ” Nagle, Martin Scorsese’s, Ken Burns, “, ” Madeline Sayet, what’s, FastHorse, Peter Pan, Jerome Robbins, Moose Charlap, Carolyn Leigh, Jule Styne, Betty Comden, Adolph Green, Lily fends, randy braves, —, ” ___ Mark Kennedy Organizations: Cherokee Nation, Lakota, MacArthur, University of California, Natives, The, Arizona State University, Yale Indigenous Performing Arts Program, Civil Rights Movement, Mohegan Tribe, Public, Young, Broadway, Indians, “ redskins Locations: “, New York City, “ Rutherford, Los Angeles, Oklahoma, The American Buffalo, New York, ‘, Africa, Japan, Eastern Europe, South Dakota

☆ ECB rates to stay unchanged for next few quarters -Villeroy
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsLONDON, Nov 20 (Reuters) - The European Central Bank's interest rates have reached a plateau where they will likely remain for the next few quarters, ECB policymaker Francois Villeroy de Galhau said on Monday, dismissing rate cut talk as premature. The ECB broke a streak of 10 consecutive hikes last month by holding rates steady, prompting investors to turn their attention to when rate cuts could come. The ECB aims to steer euro zone inflation towards its 2% target by 2025, though Villeroy insisted the number was an average and he was not fixated on hitting 2.0% precisely. Euro zone inflation has fallen quickly in recent months as the economy has slowed, though Villeroy said a recession could be avoided and a "soft landing" seemed more likely. ($1 = 0.9168 euros)Reporting by David Milliken, writing by Leigh Thomas, editing by Christina FincherOur Standards: The Thomson Reuters Trust Principles.

Persons: Francois Villeroy de Galhau, Sarah Meyssonnier, Villeroy, David Milliken, Leigh Thomas, Christina Fincher Organizations: France, Bank of France, REUTERS, ECB, Society of Professional, Thomson Locations: Paris, France, French, London, Gaza, Israel

☆ The Best Holiday Storage Solutions, According to Pro Organizers
▼ + stars: | 2023-11-16 | by ( Korin Miller | ) www.wsj.com time to read: +7 min

We asked professional organizers for the holiday storage solutions they use and suggest to clients when it’s that time of year. Brenna Peyton, owner and lead organizer of One Organized Girl, likes this tree storage bag for its durability and ease of use. “You simply wrap the wires around the storage and put it into a storage container to keep it in great shape for the following year,” she says. Best storage for holiday dishesHoliday-themed dinnerware is prone to breakage, making it important to get your storage right. Best general holiday storageIt’s difficult to have a designated storage container for every single holiday item.

Persons: Korin Miller, Brenna Peyton, ”, Naeemah Ford, ” Peyton, Peyton, Goldson, Goldston, “, Leigh Achenbach, “ They’re, Achenbach Organizations: Elm Locations: Balsam, West Elm

☆ Michael Oher: ‘The new film ‘Blindsided’ challenges the blockbuster’s take on the life of ex-NFL star
▼ + stars: | 2023-11-16 | by ( George Ramsay | ) edition.cnn.com time to read: +6 min

A new CNN documentary releasing on Thursday sheds light on the strained, complex relationship between former NFL player Michael Oher and the Tuohy family. This narrative is captured in “The Blind Side,” which followed a 2006 book of the same name by Michael Lewis. Oher sits on the beach during an NFL game between the Baltimore Ravens and the Buffalo Bills in 2010. A Tennessee judge terminated the Tuohy’s conservatorship over Oher in September. Tuohy sold his company for $220 million.” Oher declined to be interviewed for the CNN documentary, citing pending litigation, while the Tuohy family also declined an interview.

Persons: Michael Oher’s, “, Max, Michael Oher, Sean, Leigh Anne Tuohy, I’m, ” Quinterio Franklin, Oher, ” Anthony Burrow, ” Burrow, ”, Michael Lewis, Sandra Bullock, Oscar, SJ, ” Quinton Aaron, ” Oher, don’t, Jim Rome, Nick Wass, Joseph Crone, Oher’s Briarcrest, Nate Hale, Oher’s, ” Hale, Tuohy Organizations: CNN, NFL, Hollywood, Bowl, Briarcrest Christian School, Baltimore Ravens, Buffalo Bills, Tennessee Titans, Carolina Panthers Locations: Memphis , Tennessee, Eads, Memphis, “, Hollywood, Tennessee, Oher

☆ Hair relaxer claims against L'Oreal, Revlon can proceed -U.S. judge
▼ + stars: | 2023-11-14 | by ( Diana Novak Jones | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +2 min

REUTERS/Lawrence Bryant/File Photo Acquire Licensing RightsNov 13 (Reuters) - A federal judge on Monday allowed the majority of claims to move forward in sprawling litigation that claims chemical hair relaxer products made by L'Oreal USA, Revlon and others cause cancer and other injuries. Illinois-based U.S. District Judge Mary Rowland denied most of the companies’ arguments in their motion to dismiss the complaint in the multidistrict litigation over the products. The products, which include chemicals to permanently straighten textured hair, are typically marketed to women of color. Representatives for L’Oreal (OREP.PA) and Revlon did not immediately respond to requests for comment. In a statement posted online after the first lawsuits were filed, L'Oreal said it was "confident in the safety of our products and believe the recent lawsuits filed against us have no legal merit."

Persons: Sheila Bush, Lawrence Bryant, Mary Rowland, Rowland, Jennifer Hoekstra, Diana Jones, Leigh Jones, Lincoln Organizations: REUTERS, L'Oreal USA, Revlon, District, National Institutes of Health, L’Oreal, L'Oreal, Reuters, Thomson Locations: St, Louis , Missouri, U.S, Illinois, India

☆ A Rap Comedy Hits the Road
▼ + stars: | 2023-11-07 | by ( Leigh-Ann Jackson | ) www.nytimes.com time to read: +2 min

If Season 1 was rooted in authentically representing Miami culture, what was the focus this time around? You’re close to the thing that you want, you can see it in front of you, but you’re not quite there yet. It’s watching how much they’re willing to compromise for this goal, which I think is relevant for Shawna, Mia and Chastity. We saw her start off as this person who was like, “I don’t even want people to look at me. We’re “on the road,” but we recreated Portland and Oakland.

Persons: ”, “, Singleton, —, You’re, you’re, Mia, “ I’m, We’re “ Organizations: Miami doesn’t, Downtown Locations: Miami, ”, Downtown Los Angeles, Los Angeles, Portland, Oakland, L.A

And now Ben Hammou faces another blow as the German government moves to end pandemic-era tax breaks for the hospitality industry. The fiscally hawkish FDP party, which has control of the finance ministry in the three-way ruling coalition, backs letting the tax break expire, calculating that it would cost 3.3 billion euros ($3.5 billion) to keep it going in 2024. Many restaurants operate on tight margins, which makes them quite sensitive to tax increases. In Spain, Italy and France, the VAT on restaurants is at 10%, considerably lower than the expected 19% in Germany from 2024. The question is whether German restaurants are still struggling or have recovered well enough from the pandemic to withstand having the tax break removed, according to Tomas Dvorak, senior economist at Oxford Economics.

Persons: Omar Ben Hammou, Ben Hammou, Christian Lindner, Guido Zoellick, Thijs Geijer, Ingrid Hartges, DEHOGA, Steffen Marx, Tomas Dvorak, Maria Martinez, Christian Kraemer, Tanja Daube, Ulrike Heil, Belen Carreno, Giselda Vagnoni, Thomas Leigh, Matthias Williams, Hugh Lawson Organizations: Restaurant Association, ING, Reuters, Oxford Economics, Thomson Locations: Bavaria, BERLIN, Berlin, Russia, Ukraine, COVID, Spain, Italy, France, Germany, Munich, Madrid, Rome, Paris

☆ American Couple in Uganda Accused of Torturing Boy Plead Guilty to Lesser Charges
▼ + stars: | 2023-10-31 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

The charge of aggravated child trafficking carries the death penalty in Uganda while aggravated child torture draws a maximum sentence of life in prison. Mackenzie Leigh Mathias Spencer pleaded guilty to inflicting cruel, inhuman and degrading treatment for which she was sentenced to a fine of 3.36 million shillings or two years in prison. Nicholas Spencer admitted one count of child neglect for which he was fined 1.5 million shillings or six months in jail. The couple also pleaded guilty to staying illegally in the east African country and working without permits. Both were also ordered to compensate the child with 50 million shillings each.

Persons: Nicholas Spencer, Mackenzie Leigh Mathias Spencer, Alice Kyomuhangi, David Mpanga, Kyomuhangi, Mpanga, Elias Biryabarema, George Obulutsa, Mark Heinrich Organizations: Reuters Locations: KAMPALA, U.S, Uganda, South Carolina, Kampala

☆ To Star at the Venice Biennale, Artists Need Patrons’ Deep Pockets
▼ + stars: | 2023-10-24 | by ( Zachary Small | More About Zachary Small | ) www.nytimes.com time to read: +2 min

Organizers said that last year’s exhibition there by Simone Leigh cost about $7 million. But curators say financial support from the State Department has not kept pace with the increases. “We consider private-sector support a strength in our approach to this program, as it creates broad engagement with a wide variety of stakeholders,” a spokesman for the State Department said. “I think there is an understanding even before a selection is made that if you apply, then you have the ability to fundraise,” said Brooke Kamin Rapaport, artistic director and chief curator at Madison Square Park Conservancy and the commissioner of the $3.8 million Venice exhibition by the sculptor Martin Puryear in 2019. Robert Storr, who directed the 2007 Venice Biennale and is a former dean of the Yale School of Art, said the rising costs of shipping and other logistics make the system unsustainable.

Persons: William Adams Delano, Chester Holmes Aldrich, Robert Rauschenberg’s, Robert Gober’s, Simone Leigh, “, ”, Brooke Kamin Rapaport, Martin Puryear, Robert Storr Organizations: State Department, Venice Biennale, Park Conservancy, “, Yale School of Art Locations: United States, Venice, Italy, Madison

☆ Webb telescope spots never-before-seen jet stream in Jupiter’s atmosphere
▼ + stars: | 2023-10-24 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

The astronomers spied a high-speed jet stream in Jupiter’s lower stratosphere, an atmospheric layer about 25 miles (40 kilometers) above the clouds. “What we have always seen as blurred hazes in Jupiter’s atmosphere now appear as crisp features that we can track along with the planet’s fast rotation,” he said. Jet stream revelationsResearchers compared winds detected by Webb at high altitudes with those within the lower layers picked up by Hubble and tracked changes in wind speed. Both space observatories were necessary to detect the jet stream, as Webb spotted small cloud features and Hubble provided a look at the equatorial atmosphere, including storms not related to the jet. Future observations of Jupiter using the Webb telescope may uncover more insights into the jet stream, such as whether its speed and altitude shift over time, as well as other surprises.

Persons: James Webb, Webb, ”, Ricardo Hueso, Cassini, Imke de Pater, Hubble, Michael Wong, “, Leigh Fletcher, — it’ll Organizations: CNN, James Webb Space, University of, Hubble, University of California, University of Leicester Locations: Basque, Bilbao, Spain, Berkeley, United Kingdom

☆ Atos shares plunge as nationalisation calls threaten planned Kretinsky deal
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsPARIS, Oct 23 (Reuters) - Atos (ATOS.PA) shares plunged on Monday after calls from opposition lawmakers for the nationalisation of the ailing IT firm on national security grounds raised doubts about a planned deal involving Czech billionaire Daniel Kretinsky. Asked by Reuters if the government was considering nationalisation, or could support an amendment to do so, a finance ministry source replied "no". Lawmakers from Les Republicains said the deal threatened to allow French supercomputers, made by Atos and used for virtual nuclear tests, to fall into foreign hands. Others, including Brun, have said critical Atos components were also used in combat systems used by France's navy and air force. Atos had also won a contract to process data for the Paris 2024 Olympic Games.

Persons: Atos, Sarah Meyssonnier, Daniel Kretinsky, Olivier Marleix, Socialist Philippe Brun, Philippe Brun, Jean, Pierre Mustier, Les Republicains, Brun, Leigh Thomas, Mathieu Rosemain, Tassilo Hummel, David Holmes Organizations: REUTERS, Rights, Les Republicans, Socialist, Atos, Reuters, supercomputing, Paris, National Assembly, Thomson Locations: Paris, France

☆ Global billionaire tax could yield $250 billion annually, study says
▼ + stars: | 2023-10-22 | by ( Leigh Thomas | ) www.reuters.com time to read: +3 min

PARIS, Oct 23 (Reuters) - Governments should open a new front in the international clampdown on tax evasion with a global minimum tax on billionaires, which could raise $250 billion annually, the EU Tax Observatory said on Monday. Currently billionaires' effective personal tax is often far less than what other taxpayers of more modest means pay because they can park wealth in shell companies sheltering them from income tax, the group said in its 2024 Global Tax Evasion Report. In the absence of a broad international push for a minimum tax on billionaires, Zucman said a "coalition of willing countries" could unilaterally lead the way. Although the end of banking secrecy and the corporate minimum tax have put an end to decades-long competition between countries on tax rates, numerous opportunities remain to reduce tax bills, the report said. For example the rich increasingly park wealth in real estate instead of offshore accounts while companies can exploit loopholes in the 15% corporate tax minimum.

Persons: Gabriel Zucman, Joe Biden's, Zucman, Leigh Thomas, Hugh Lawson Organizations: EU Tax, Paris School of Economics, Thomson Locations: United States, France, Washington

LOS ANGELES (AP) — Burt Young, the Oscar-nominated actor who played Paulie, the rough-hewn, mumbling-and-grumbling best friend, corner-man and brother-in-law to Sylvester Stallone in the “Rocky” franchise, has died. Young had roles in acclaimed films and television shows including “Chinatown,” “Once Upon a Time in America" and “The Sopranos.”But he was always best known for playing Paulie Pennino in six “Rocky” movies. The short, paunchy, balding Young was the sort of actor who always seemed to play middle-aged no matter his age. It won three, including best picture. In 1985's “Rocky IV” he reprograms a robot Rocky gives him into a sexy-voiced servant who dotes on him.

Persons: — Burt Young, Oscar, Paulie, Sylvester Stallone, Young, Anne Morea Steingieser, Paulie Pennino, Rocky, balding Young, ”, packer, Adrian, Talia Shire, Rocky Balboa, Stallone, Rocky ”, Burgess Meredith, Jason Robards, IV, dotes, ” Young, “, Lee Strasberg, Jack Nicholson's, Jake Gittes, Sergio Leone's, Robert De Niro, Rodney Dangerfield, Jennifer Jason Leigh, Bobby Baccalieri, Gloria, Robert Organizations: ANGELES, New York Times, Instagram, Marine Corps, Actors, Miami Locations: Los Angeles, America, Philadelphia, “, Queens , New York, Brooklyn

But the actors' talks were tepid, with days off between sessions and no reports of progress. WHAT HAPPENS NEXT IN THE ACTORS STRIKE? Their 42-day work stoppage began and ended all within the span of the much longer writers strike. Other segments of the actors union have gone on strike too, including several long standoffs over the TV commercials contract. That segment of the union could strike again soon if a new contract deal isn't reached.

Persons: —, Fran Drescher, I’ve, Ted Sarandos, ” Sarandos, ” Duncan Crabtree, Crabtree, “, ” Drescher, that’s, AFTRA, Ronald Reagan, Tony Curtis, Janet Leigh, Jamie Lee Curtis, Bob Hope, ”, Powers Boothe, isn't, Martin Scorsese, Leonardo DiCaprio hasn't Organizations: ANGELES, Screen, American Federation of Television, Radio Artists, SAG, Associated Press, Netflix, Actors, U.S, Union, The Television Academy Locations: Ireland, Crabtree, hollywood

High funding needs and central banks removing support are increasing pricing uncertainty for investors, Sophia Drossos, hedge fund Point72 Asset Management's chief economist, said. Spending plans lacking credibility were seen as most likely to spark market turmoil. I suspect not by default, but when markets start reflecting their worries in Treasury prices, by a political crisis and a potentially ugly adjustment," the former IMF chief economist said. "We need more investment, not less," said King's College London professor Jonathan Portes, Britain's cabinet office chief economist during the financial crisis. Not enough reforms are being implemented, OECD chief economist Clare Lombardelli warned.

Persons: Andrew Kelly, Peter Praet, Praet, Sophia Drossos, Daniel Ivascyn, Claudio Borio, Olivier Blanchard, Ray Dalio, Janet Yellen's, Yellen, Jim Leaviss, Giancarlo Giorgetti, Daleep Singh, Joe Biden, Britain's, Yellen's, Jonathan Portes, Clare Lombardelli, Moritz Kraemer, Yoruk Bahceli, Maria Martinez, Leigh Thomas, Giuseppe Fonte, Nell Mackenzie, Naomi Rovnick, William Schomberg, Jan Strupczewski, Dan Burns, Elisa Martinuzzi, Riddhima Talwani, Jayaram, Emelia Sithole Organizations: Financial, of, REUTERS, Institute of International Finance, Reuters, European Central Bank, ECB, Bank for International, Peterson Institute for International Economics, Associates, U.S . Treasury, Wall, Economy, Britain's Treasury, Congressional, Britain's, Institution, Reuters Graphics ACT, King's College London, Labour Party, OECD, Graphics, Thomson Locations: of Manhattan , New York City, U.S, Italy, Britain, United States, Europe, Ukraine, Berlin, Paris, Rome, London, Brussels, Washington, Marrakech

High funding needs and central banks removing support are increasing pricing uncertainty for investors, Sophia Drossos, hedge fund Point72 Asset Management's chief economist, said. Spending plans lacking credibility were seen as most likely to spark market turmoil. I suspect not by default, but when markets start reflecting their worries in Treasury prices, by a political crisis and a potentially ugly adjustment," the former IMF chief economist said. Italy's 2.4 trillion-euro debt pile is the focus in Europe, where the IMF has said high debt leaves governments vulnerable to crisis. "We need more investment, not less," said King's College London professor Jonathan Portes, Britain's cabinet office chief economist during the financial crisis.

☆ France's Macron warns Iran over escalation
▼ + stars: | 2023-10-15 | by ( ) www.reuters.com time to read: +1 min

French President Emmanuel Macron, French Interior Minister Gerald Darmanin and officials arrive at the site after a teacher was killed and several people injured in a knife attack at the Lycee Gambetta-Carnot high school in Arras, northern France, October 13, 2023. REUTERS/Pascal Rossignol Acquire Licensing RightsPARIS, Oct 15 (Reuters) - French President Emmanuel Macron warned his Iranian counterpart Ebrahim Raisi in phone call on Sunday against any escalation of the conflict between Israel and Hamas, Macron's office said. "The president of the republic warned President Raisi against any escalation or extension of the conflict, especially to Lebanon," Macron's office said in a statement. "Given its relations with Hezbollah and Hamas, Iran has a responsibility in this respect. Iran must do everything possible to avoid a regional flare-up," it added.

Persons: Emmanuel Macron, Gerald Darmanin, Lycee Gambetta, Carnot, Pascal Rossignol, Ebrahim Raisi, Raisi, Leigh Thomas, Jan Harvey Organizations: Lycee, REUTERS, Rights, Hamas, Thomson Locations: Arras, France, Israel, Lebanon, Iran

☆ Leicester claim first draw with Man Utd in WSL
▼ + stars: | 2023-10-15 | by ( Lori Ewing | ) www.reuters.com time to read: +2 min

Willie Kirk's second-place side have seven points from three games, level with leaders Manchester City, who thrashed Bristol City 5-0, and also with title holders Chelsea who beat West Ham United 2-0 on Saturday. Captain Aileen Whelan struck at the far post from a freekick in the 60th minute to give Leicester a surprise lead, having frustrated their hosts for an hour. However, defender Maya Le Tissier equalised seven minutes later when she headed home Katie Zelem's corner to the delight of the home fans. Leicester have been a revelation early this campaign, unbeaten in their first three games after a 10th-place finish last season. The 30-year-old said in an Instagram post that the jersey sold out on Monday, the same day it was released.

Persons: Manchester United's Alessia Russo, Jason Cairnduff, Willie Kirk's, Captain Aileen Whelan, Maya Le Tissier, Katie Zelem's, Kirk, Hinata Miyazawa, Malard, cradling, United, Gabby George, Marc Skinner, Gabby, Mary Earps, Earps, Lori Ewing, Christian Radnedge Organizations: Soccer, League, Manchester United, Leicester City, Leigh Sports Village, Rights, Super League, Manchester City, Bristol City, Chelsea, West Ham United, United, Leicester, Nike, Thomson Locations: Leigh, Britain, Manchester, Rights MANCHESTER, England

☆ France mobilises 7,000 troops for extra security patrols
▼ + stars: | 2023-10-14 | by ( ) www.reuters.com time to read: +1 min

[1/2] French police secure the area after a teacher was killed and several people injured in a knife attack at the Lycee Gambetta-Carnot high school in Arras, northern France, October 13, 2023. REUTERS/Pascal Rossignol Acquire Licensing RightsPARIS, Oct 14 (Reuters) - French President Emmanuel Macron has ordered 7,000 soldiers to be mobilised for increased security patrols, his office said on Saturday, a day after a teacher was stabbed to death in an Islamist attack. France was put on its highest security alert on Friday after a 20-year-old man fatally stabbed a teacher and gravely wounded two other people in an attack at a school in the city of Arras in northern France. The security alert comes as France hosts the Rugby World Cup and prepares to face South Africa on Saturday evening in their quarter-final. Interior Minister Gerald Darmanin said on Friday the Arras attack bore a link to events in the Middle East, where Israel is conducting a military offensive to root out Hamas fighters after their deadly rampage into Israel last Saturday.

Persons: Lycee Gambetta, Carnot, Pascal Rossignol, Emmanuel Macron, Gerald Darmanin, Leigh Thomas, Sharon Singleton Organizations: Lycee, REUTERS, Rights, Rugby, Thomson Locations: Arras, France, South Africa, Paris, Israel

After many companies were wrongfooted by the speed and breadth of prohibitions on Russia, banks are drawing up contingency plans in case geopolitical tensions between the West and China escalate, seven finance industry sources said. The U.S. Treasury Department, which runs the Office of Financial Sanctions Implementation, Britain's Foreign Office and Barclays did not respond to requests for comment. Three senior London-based bankers, who declined to be named because they were not authorised to speak publicly, said their boards had discussed the possibility of stronger Western sanctions on China in future. Scenarios from major cyber-attacks through to a military intervention in Taiwan could potentially trigger further prohibitions on China, one lawyer who advises banks said. One of the bankers said sanctions on Russia had "removed naivety" among businesses and prompted the industry to think more deeply about China risks.

Persons: Neil Whiley, Whiley, Xi Jinping, Joe Biden, Leigh Hansson, Reed Smith, Banks, Biden, Sinead Cruise, Stefania Spezzati, Lawrence White, Michelle Price, Catherine Evans Organizations: Banking, UK Finance Bank, British, Reuters, UK Finance, HSBC, Barclays, JPMorgan, U.S . Treasury Department, Office, Communications, Standard Chartered, Standard, London underwriters, Thomson Locations: China, Western, Britain, U.S, Russia, West, Taiwan, Beijing, London, Ukraine, United States, British, Asia, Washington

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