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☆ A 'prosecutor' vs. 'weak': The battle intensifies to define Harris
▼ + stars: | 2024-08-02 | by ( Yamiche Alcindor | Yamiche Alcindor Is An Nbc News Washington Correspondent. | ) www.nbcnews.com time to read: +14 min

Harris’ campaign rallies are a clear change from those held by President Joe Biden, the man she is replacing at the top of the Democratic ticket. So hear me when I say: I know Donald Trump’s type.”But the Trump campaign is rushing to define Harris differently. “She knows this is going to be a very close race,” Julie Chávez Rodríguez, Harris’ campaign manager, said in an interview. Chávez Rodríguez and Harris have been close for nearly a decade, since Chávez Rodríguez first took a job as state director for Harris’ Senate office in 2016. The Harris campaign has launched a website advertising more than five dozen jobs.

Persons: Kamala Harris, Harris ’, Joe Biden, Megan Thee, —, ”, Donald Trump, “, fraudsters, cheaters, Donald Trump’s, Trump, Harris, ” Trump, Brian Hughes, She’s, ” Julie Chávez Rodríguez, ” Chávez Rodríguez, The, Jen O’Malley Dillon, Biden, Chávez Rodríguez, Chávez, we’re, ” Ashley Etienne, ” Etienne, ” “ Joe Biden, Hughes, Biden’s, ” Harris, Trump’s, “ It’s, Howard, “ Kamala Harris, Judy Chu, Chu, ” Chu, that’s, he’d Organizations: Democratic, Democratic Party, United, Trump, Biden, The Trump, NBC, MAGA Inc, Inc, Central, Northern, Howard University, Washington , D.C, Alpha Kappa Alpha, National Association of Black Journalists, Black, Sigma Gamma Rho, Atlanta, Congressional Asian Pacific American Caucus Locations: United States, California, Wisconsin, Harris ’, North Carolina, El Salvador, Guatemala, Honduras, Mexico, Washington ,, Chicago, Houston, Monterey Park , California

☆ Treasury yields slide ahead of July jobs report
▼ + stars: | 2024-08-02 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the 10-year Treasury yield was down by over 4 basis points at 3.933%, remaining below the 4%. The yield on the 2-year Treasury was last around 5 basis points lower at 4.116%. U.S. Treasury yields were lower on Friday as investors looked ahead to the July jobs report and digested the interest rate outlook. The U.S. Labor Department's jobs report for July is slated for Friday, and will provide investors with insights into the state of the U.S. economy. The Federal Reserve earlier in the week kept rates unchanged at their latest meeting but hinted that a September rate cut was on the table, sending Treasury yields lower.

Persons: Dow, payrolls, Jerome Powell, Powell Organizations: Treasury, U.S, Labor, Federal Locations: U.S

☆ European stocks to extend declines after Bank of England rate cut as global sentiment sours
▼ + stars: | 2024-08-02 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Boris Roessler | Picture Alliance | Getty ImagesLONDON — European stocks were set to open lower Friday, extending losses amid a global downturn as a busy week of market action draws to a close. Germany's DAX was on course to open 104 points lower at 17,984, according to IG data, with France's CAC 40 down 40 points at 7,325. The regional Stoxx 600 index on Thursday suffered its worst session since mid-June, pulled down by financials as French bank Societe Generale downgraded its outlook and the Bank of England cut interest rates for the first time since 2020. The central bank decision took its key interest rate to 5% from 5.25%, in a move that markets had not been fully convinced it would carry out. Asia-Pacific markets saw steep losses Friday, with Japan's benchmark indexes tanking as much as 5%.

Persons: Boris Roessler, Germany's DAX, BOE Governor Andrew Bailey, BOE, Joe Tuckey Organizations: Getty, France's CAC, Societe Generale, Bank of England, CNBC, Argentex, U.S . Federal Reserve, Bank of, Apple, Intel, U.S . Bureau of Labor Statistics Locations: Frankfurt, Bank of Japan, Europe, Asia, Pacific

☆ Gold and some non-dollar currencies start to shine, but it's not all about de-dollarization
▼ + stars: | 2024-08-02 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

AdvertisementThe amount of gold holdings in global reserves has doubled in just over five years, according to Bloomberg Intelligence analysis. "As the yellow metal carries no credit or counter-party risk, some deem it as being better insulated from financial sanctions, particularly those from the emerging world," wrote UBS' Czerwonko. Advertisement"The situation in competing jurisdictions is also dire; in the land of the blind, the one-eyed man can remain king," wrote Czerwonko. AdvertisementSimilarly, Bloomberg Intelligence said said a Wednesday report that a potential second Trump term could hasten a global currency regime change. "Any title toward isolationism in a Trump second term, such as altered US attitudes toward its role in NATO and international affairs would spur de-dollarization," wrote Bloomberg Intelligence analysts.

Persons: —, Alejo Czerwonko, Czerwonko, Trump Organizations: Service, UBS, Business, International Monetary Fund, Bloomberg Intelligence, Trump, NATO Locations: Ukraine, Moscow, Swiss, Americas

☆ European markets head for mixed open ahead of Bank of England decision
▼ + stars: | 2024-08-01 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

LONDON — European markets are set to open mixed on Thursday as investors process a raft of central bank action. The Bank of England announces its latest monetary policy decision at midday London time. Market pricing slightly favors a 25 basis point interest rate cut from the U.K. central bank, kicking off its path of monetary easing. Investors are still processing Wednesday's surprise move from the Bank of Japan, which raised its benchmark interest rate to around 0.25%, its highest level since 2008, and hinted at more tightening to come. The decision powered the yen to a four-and-a-half month high against the U.S. dollar, as Japanese stocks tumbled.

Persons: Germany's DAX, Jerome Powell, Powell Organizations: CAC, Bank of England, U.S, Bank of Japan, U.S . Locations: U.S . Federal, —

☆ Gen X, millennials face higher risk of 17 cancers than older generations
▼ + stars: | 2024-07-31 | by ( Kaitlin Sullivan | Kaitlin Sullivan Is A Contributor For Nbcnews.Com Who Has Worked With Nbc News Investigations. She Reports On Health | Science | ) www.nbcnews.com time to read: +5 min

The risk was two to three times higher in people born in 1990 for pancreatic, kidney and small intestine cancers, compared to people born in 1955. Liver cancer diagnoses in women followed the same pattern. About 20% of cancer diagnoses in the U.S. are linked to excess body weight, according to the American Cancer Society. Obesity rates in the nation changed little in the 1960s and 1970s but increased sharply after that. Among children, obesity rates grew from 5% to 17% in the same period.

Persons: Sung, —, ”, Andrea Cercek, ” Brawley, Otis Brawley, it’s, ” Cercek Organizations: North American Association of Central Cancer, U.S . National Center for Health Statistics –, Memorial Sloan Kettering Cancer Center, “, Bloomberg, Oncology, Epidemiology Johns Hopkins University, American Cancer Society, Centers for Disease Control Locations: U.S

☆ Commonly used drug may extend women’s fertility, claim researchers – here’s what you need to know about rapamycin
▼ + stars: | 2024-07-31 | by ( Stephane Berneau | University Of Central Lancashire | ) edition.cnn.com time to read: +7 min

This early-established ovarian reserve can affect a person’s ability to become pregnant throughout their reproductive years. As a woman ages, her ovarian reserve diminishes until she has only a limited number of good-quality follicles remaining. The average age of menopause is 51 years – though this can vary broadly between women depending on their ovarian reserve. The ovarian reserve was monitored by transvaginal ultrasound and several blood tests to detect various ovarian hormones. But if the clinical trial shows rapamycin is beneficial, this could help women with low ovarian reserve and those hoping to prolong their fertility.

Persons: it’s, It’s, rapamycin, We’re, Stéphane Berneau Organizations: CNN, Research, University of Central, Society, Biochemical Society, Alzheimer’s Research, Anatomical Society Locations: University of Central Lancashire

☆ Man dies after contracting Ebola-like tick-borne disease in Spain
▼ + stars: | 2024-07-30 | by ( Jack Guy | ) edition.cnn.com time to read: +4 min

CNN —A man has died from an Ebola-like disease named Crimean-Congo hemorrhagic fever (CCHF) after being bitten by a tick in Spain. The 74-year-old died of organ failure on Saturday in an isolation unit at the La Paz-Carlos III Hospital in the Spanish capital, Madrid, a spokesperson for the hospital told CNN on Monday. Spain has developed a national plan to deal with tick-borne diseases, including CCHF, but people should take action to avoid tick bites, Lorenzo-Morales said. Consuelo Giménez Pardo, a lecturer in medical parasitology at the University of Alcalá in Madrid, told CNN that “there will undoubtedly be more cases” of CCHF in Spain. “I expect that we will see more cases in the coming years,” Thomson told CNN on Monday.

Persons: Carlos, Jacob Lorenzo, Morales, Lorenzo, ”, Consuelo Giménez Pardo, Giménez, CCHF, Emma Thomson, “, ” Thomson Organizations: CNN, La Paz, Carlos III Hospital, World Health Organization, WHO, Canary Islands, Health, University of La, University of Alcalá, London School of Hygiene, Medicine Locations: Crimean, Congo, Spain, Spanish, Madrid, Móstoles, Toledo, Africa, Balkans, East, University of La Laguna, Western Europe, CCHF, Europe, ”, France

☆ Europe stocks head for mixed open ahead of central bank meetings; Standard Chartered announces $1.5 billion buyback
▼ + stars: | 2024-07-30 | by ( Jenni Reid | ) www.cnbc.com time to read: 1 min

LONDON — European markets are set to see a mixed start to Tuesday, as earnings continue to dominate stock action and investors brace for U.K. and U.S. central bank decisions. The U.K.'s FTSE 100 index is seen slipping just below the flatline, according to IG data, while France's CAC 40 and Germany's DAX rise just 8 and 21 points, respectively. U.K. bank Standard Chartered announced its biggest-ever share buyback, of $1.5 billion, as it raised its outlook in half-year results. Oil major BP hiked its dividend as it beat second-quarter earnings estimates.

Persons: Germany's DAX Organizations: CAC, Chartered Locations: U.S

Palestinians returned to the eastern side of Khan Younis in Gaza on Tuesday after Israeli forces pulled out of the area. The Israeli military has designated just one area of the Gaza Strip as a “humanitarian zone” for displaced people — and that area keeps shrinking. In the latest downsizing, the military on Saturday ordered the evacuation of two more parts of central Gaza that had been part of the humanitarian zone. Since last week, Israel has evacuated more than a fifth of the area that it had previously declared a humanitarian zone. There is no more place for any tents at the beach or in Mawasi,” he added, referring to the humanitarian zone.

Persons: Khan Younis, Philippe Lazzarini, Mr, Lazzarini, Mohammed Harbi, Harbi, Duaa, ”, Fura, “, Osama, Sammak, Abu Bakr Bashir, Ameera Harouda Organizations: Saturday, United Nations, New York Times, Hamas, “, Sunday Locations: Gaza, Israel, Deir al, ISRAEL, Rafah EGYPT Rafah, Kerem Shalom, Rafah EGYPT, Shalom, Rafah, Khan, Nuseirat, Bureij, Deir, Mawasi, London, Doha, Qatar, Istanbul

☆ Gaza’s Only Humanitarian Zone Has Shrunk by a Fifth Recently
▼ + stars: | 2024-07-30 | by ( Hiba Yazbek | Lauren Leatherby | ) www.nytimes.com time to read: +1 min

The Israeli military has designated just one area of the Gaza Strip as a “humanitarian zone” for displaced people — and that area keeps shrinking. In the latest downsizing, the military on Saturday ordered the evacuation of two more parts of central Gaza that had been part of the humanitarian zone. Similar orders have forced more than 200,000 Palestinians to relocate over the last week alone, according to the United Nations. A New York Times analysis of the latest orders showed that the zone has shrunk by more than a fifth in recent weeks, going from encompassing nearly 17 percent of the Gaza Strip to 13 percent now. Maps and analysis of satellite imagery show that the zone is already overcrowded, frequently damaged by strikes and lacking sufficient medical services.

Organizations: Saturday, United Nations, New York Times, Hamas Locations: Gaza

☆ Dollar, yen hold tight ranges ahead of BOJ, Fed
▼ + stars: | 2024-07-30 | by ( ) www.cnbc.com time to read: +3 min

The dollar and yen kept within close ranges on Tuesday as traders awaited a barrage of key central bank decisions, kicking off with midweek monetary policy meetings from the Bank of Japan and Federal Reserve. The dollar and yen kept within close ranges on Tuesday as traders awaited a barrage of key central bank decisions, kicking off with midweek monetary policy meetings from the Bank of Japan and Federal Reserve. The Japanese currency was taking a breather from its recent rally as the BOJ began its two-day meeting on Tuesday, having surged over 2% against the dollar last week. The Fed is widely expected to stand pat this week, but markets are betting the U.S. central bank will begin cutting rates at the following meeting in September. Investors will be listening for any hints that Fed Chair Jerome Powell may drop on how soon policymakers are prepared to cut rates at his press conference.

Persons: Matt Simpson, Jerome Powell, Powell, Jackson, Index's Simpson, Sterling, bitcoin Organizations: Bank of Japan, Federal Reserve, Index, Fed, Treasury, Bank of England's Locations: U.S

☆ It’s not the end of the world if the Fed doesn’t cut rates tomorrow
▼ + stars: | 2024-07-30 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

New York CNN —The Federal Reserve is all but certain to hold interest rates steady at its meeting this week. That’s why Torsten Slok, Apollo Global’s chief economist, is maintaining his prior forecast that the Fed won’t cut rates at all this year. “There are still two more CPI releases before the September 18 [Fed] meeting, so we have to wait and see if the downtrend in inflation continues,” he told CNN. Fed officials have signaled that September will be when they finally lower interest rates. The difference between a few months for that initial cut “really doesn’t matter unless there’s some big shock that hits the economy in that time,” Fed Governor Christopher Waller said earlier this month.

Persons: Alan Blinder, Paul Krugman —, Blinder, what’s, Brandon Bell, Torsten Slok, Apollo, ”, Sean Snaith, it’s, Christopher Waller, Waller Organizations: New, New York CNN, Federal, CNN, ” University of Central, ” Locations: New York, ” University of Central Florida, Iran, Israel

☆ 2 ways to deal with annoying emails and messages at work, according to psychology and etiquette experts
▼ + stars: | 2024-07-29 | by ( Jade Thomas | ) www.cnbc.com time to read: +2 min

If your day has ever been clouded by a coworker being annoying over email or Slack, you're not alone. In fact, 44% of employees participating in a recent Kickresume survey said that written communication, which includes messages or emails, is a common site of workplace annoyance. These small annoyances are related to the concept of incivility, which Bowling describes as "low-level aggression" that manifests as rudeness. I think if you think about what is most kind or considerate and respectful to your colleagues, then that's what you should do." Here are two ways to deal with annoying emails and messages, according to Bowling and Meier.

Persons: micromanaging, Nathan Bowling, Myka Meier, Meier Organizations: University of Central Locations: University of Central Florida, New York City

☆ De-dollarization is a fad that will backfire on countries trying to move away from the greenback, currency expert says
▼ + stars: | 2024-07-28 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

De-dollarization is nothing but a myth — and it could backfire on countries like Russia and China. That's according to Jeffrey Christian, a commodities expert who thinks dollar dominance isn't going away anytime soon. He says countries phasing out the greenback also could face consequences, like liquidity issues and slow growth. AdvertisementDe-dollarization is probably a fad — and countries trying to stage a global shift away from the dollar may soon find that the movement will backfire. Despite the ongoing movement, dollar dominance isn't probably going away, given how pervasive the greenback is in financial markets, he told Business Insider in an interview.

Persons: Jeffrey Christian, —, Christian, It's, it's Organizations: Service, CPM Group, Traders, Reuters, Bank of International, International Monetary Fund, UC, Berkeley Locations: Russia, China, India

☆ China just expanded its efforts to boost consumption. Here are some stocks to watch
▼ + stars: | 2024-07-28 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

China has, in its own way, signaled it wants to support specific kinds of consumer purchases. Authorities on Thursday announced the equivalent of 300 billion yuan ($41.5 billion) in special bonds would go towards trade-ins and equipment upgrades — a significant expansion of an existing program. The 300 billion yuan ultra-long bond issuance is not a new government allocation, but rather a more detailed designation of a 1 trillion yuan ultra-long bond program announced earlier this year. "300 billion yuan is the largest equipment upgrade subsidy from the central government historically," the analysts said. Even the 300 billion yuan figure is split roughly between consumer-related trade-ins with business-side equipment upgrades.

Persons: Ding, Morgan Stanley, Tao Wang, Darius Tang, Corporates, Fitch Bohua, Michael Bloom Organizations: China Asset Management Co, UBS Investment Bank Locations: China, Beijing, Asia

☆ I've studied past assassination attempts in US politics. The most similar one to Trump's resulted in a loss in the election.
▼ + stars: | 2024-07-27 | by ( Lauren Crosmedlicott | ) www.businessinsider.com time to read: +6 min

For the 1912 election, Taft had the official Republican Party nomination, but Roosevelt decided to run as a third-party independent candidate. JFK and Robert Kennedy's assassinations had different electoral outcomesAfter John F. Kennedy's assassination on November 22, 1963, Lyndon B. Johnson became president. Johnson enjoyed significant popularity — over a 75% approval rating — on the coattails of Kennedy's assassination. AdvertisementRobert Kennedy's assassination meant Johnson's vice president, Hubert Humphrey, had an easier time securing the Democratic nomination. Ford pardoned Nixon and tried to move past Watergate, but the Republican Party couldn't overcome Nixon's stink and Ford's dismissal of his wrongdoings.

Persons: —, David Head, Donald Trump, I'm, John F, Kennedy, Theodore Roosevelt, Roosevelt, Republican William Howard Taft, Taft, Woodrow Wilson, Trump, Wilson, Robert Kennedy's, Lyndon B, Johnson, Robert F, Nixon, Hubert Humphrey, Richard Nixon, Gerald Ford, Ford, Republican Party couldn't, Kamala Harris, Biden, it's Organizations: Service, University of Central, Business, Trump, Republican, Republican Party, Democratic, Republicans, JFK Locations: University of Central Florida, Orlando , FL, Milwaukee, Taft, Vietnam, Los Angeles

Typhoon Gaemi is expected to strengthen into a super typhoon before making landfall on Taiwan’s northeastern coast Wednesday evening. Heavy rain hit Taiwan ahead of the storm’s landfall on Wednesday, with the island’s mountainous areas already reporting rainfall approaching 200 millimeters (8 inches). Typhoon Gaemi is strengthening in Pacific waters that have been at their warmest temperatures on record. Images show roads and streets in Manila flooded by rains brought by Typhoon Gaemi, as people wade through knee-deep water. Torrential rainfall hit southern, central and eastern parts of the country and led to major emergency response efforts in a flood season that has started some two months ahead of its typical schedule.

Persons: Gaemi, Han, Sun Li, fiang, Typhoon Gaemi, Ferdinand Marcos Jr, – Organizations: Taiwan CNN, Typhoon Warning, Central Meteorological Agency, CMA, Taiwan Railways, China Airlines, Starlux Airlines, Philippine Stock Exchange, Taiwan Locations: Taipei, Taiwan, Fujian, Hualien county, chipmaking, Hsinchu, Kaohsiung, China, Hualien ., Philippines, Manila, Luzon, Philippine, Zhejiang, Jiangxi, Henan, Shanxi, Hebei

☆ The British monarchy steps up efforts to go green with solar panels on palaces and biofuel-powered Bentleys
▼ + stars: | 2024-07-24 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

And, fittingly, in the first full year of his reign, the British monarchy introduced a slew of measures to tackle its rising carbon emissions. The King’s two Bentleys will also be modified within the next year to run on biofuel, according to Britain’s PA Media. The Royal Household aims to transition to an “almost fully electric” fleet of vehicles eventually, the accounts said, without providing a target date. Whether biofuels used for vehicles reduce carbon emissions is contentious and depends on many factors, including their source. Crown Estate profits soared in the 2023-24 financial year to a record £1.1 billion ($1.4 billion), boosted by revenue from offshore wind projects.

Persons: London CNN — King Charles III, Prince Harry, Meghan, —, Charles ’, Sovereign Grant —, Sovereign Grant, Angela Dewan Organizations: London CNN, Royal, Windsor Castle, Britain’s, Media, Royal Household, SAF, Sandringham Estate, Sovereign, Northern Ireland — Locations: British, Windsor, Windsor Castle —, Sandringham, United States, London, England, Wales, Northern Ireland

CNN witnessed exhausted and angry Palestinians fleeing Khan Younis, once Gaza’s second-biggest city. People displaced in Khan Younis expressed anger at Israel, Hamas and other Arab leaders for the war. They are fighting civilians, women, and children.’Smoke billows over Khan Younis, following Israeli bombing in the neighborhood earlier this week. The IDF post warned civilians in Khan Younis that it “will act forcefully against terrorist organizations. The Civil Defense also alleged that its rescuers in Khan Younis had been targeted while trying to recover civilians.

Persons: Khan Younis, Israel's, Abdel Kareem Hana, Mohammad Saqer, Saqer, ”, Israel, Younis, Mohammad Abdul Jawad, Al Zanneh, Al Qarara, Bani Sehaila, ” Jawad, Nasser, Hatem Khaled, Hazem, …, ’, Yahya Sinwar, Ismail, Haniyeh, Riham Al Agha, ” Al Agha, “, Abu Sleiman Organizations: CNN, Israel Defense Forces, Hamas, Nasser Medical, IDF, Ministry of Health, Reuters, Fatah, UN Relief and Works Agency, Gazan Civil Defense Directorate, Civil Defense Locations: Israel, Gazan, Khan, Shujayah, Gaza, Rafah, Abasan, Al

☆ China’s summer of devastating floods shows steep challenge as it grapples with extreme weather
▼ + stars: | 2024-07-22 | by ( Simone Mccarthy | Joyce Jiang | ) edition.cnn.com time to read: +9 min

Villagers clean rubbish after torrential rains caused flooding in Meizhou, Guangdong province of China on June 19. John Ricky/Anadolu/Getty ImagesA man drives through a muddy street in the aftermath of flooding from heavy storms in Meizhou, Guangdong province last month. “All my hard work for a year has come to nothing.”A road is flooded following heavy rainfall in Jiangxi province on July 4. China’s government has mounted a top-down effort to revamp how the country responds to extreme weather in recent years after 2021 floods in Henan’s Zhengzhou killed more than 300 people. But there have been past issues of misappropriation of state recovery funds, for example following the deadly 2021 floods in Zhengzhou.

Persons: John Ricky, –, Xi Jinping, it’s, “, Tingshu Wang, ”, Hongzhang Xu, Typhoon Doksuri, Li Zhao Organizations: Hong Kong CNN, Getty, Communist Party, AFP, China’s Ministry of Emergency Management, Agricultural Television, Retailers, Workers, CNN Weather, ” Observers, Australian National University, Reuters, Greenpeace East, “ Locations: China, Hong Kong, sweltering Henan, Nanyang, speedboats, Meizhou, Guangdong province, Guangdong, AFP, Guangzhou province, Henan, Hunan, Lake, Henan’s Nanyang, Jiangxi province, Shaanxi, Sichuan, Hunan province's Changsha, Chongqing, Hainan, Zhengzhou, breadbasket, Jiangxi, Munich, Greenpeace East Asia, Beijing, –

☆ China's Communist Party removes ex-foreign, defence ministers from top body
▼ + stars: | 2024-07-18 | by ( ) www.cnbc.com time to read: +4 min

(Photo by Thomas Peter-Pool/Getty Images)China's Communist Party removed its former foreign and defence ministers, Qin Gang and Li Shangfu, from its Central Committee on Thursday during a meeting of its largest top decision-making body, state news agency Xinhua reported. Chinese President Xi Jinping has spearheaded a wide-ranging anti-corruption campaign since becoming leader of the Communist Party in 2012. Li Shangfu was ousted as defence minister last October without explanation, before being placed under a graft investigation. Agriculture minister Tang Renjian, 61, who has been under investigation for corruption since May, remains a member of the Central Committee. Three alternate Central Committee members were appointed as full members according to the communique: Anhui provincial Communist Party personnel boss Ding Xiangqun, Sichuan provincial Communist Party personnel boss Yu Lijun and Beijing Normal University President Yu Jihong.

Persons: Foreign Affairs Josep Borrell, Qin Gang, Thomas Peter, Li Shangfu, Qin Gang's, Li Yuchao, Qin, Xi Jinping, Wei Fenghe, Tang Renjian, Ding Xiangqun, Yu Lijun, Yu Jihong, Ding Xingnong, Sun Jinming Organizations: Foreign Affairs, Foreign, Communist Party, Xinhua, Central, Central Committee, PLA Rocket Force, Liberation Army, State Council, Rocket Force, PLA, Committee, Anhui provincial Communist Party, Beijing Normal University, PLA Rocket, Former Central Committee Locations: Beijing, China, Anhui, Sichuan

☆ New inflation warning: Get used to high interest rates, IMF warns
▼ + stars: | 2024-07-16 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —The International Monetary Fund has warned that stubborn inflation could keep interest rates higher for longer than expected, increasing fiscal and financial risks around the world. Persistently high prices for services — which include haircuts, hotels and restaurants — as well as escalating trade tensions are propping up inflation and raising the prospect that interest rates will stay high for a while yet, the IMF cautioned Tuesday in its latest World Economic Outlook. The warning highlights that the global economy is not yet in the clear when it comes to inflation, which explains the caution on the part of central banks in cutting interest rates. However, services inflation came in higher than expected. The agency blamed sticky services price inflation for “holding up progress” on reducing overall inflation.

Persons: Jerome Powell Organizations: London CNN —, Monetary Fund, Bank of England, European Union, IMF Locations: —, United States, China, India, E.T

☆ Did King Charles just spend $6.6 million on a Billionaires' Row condo in NYC?
▼ + stars: | 2024-07-11 | by ( Geoff Weiss | Maria Noyen | ) www.businessinsider.com time to read: +1 min

An entity that appears to be affiliated with King Charles scooped up a $6.6 million NYC condo. It's located on Billionaires' Row, a neighborhood with south of Central Park. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. AdvertisementAn entity that appears to be affiliated with King Charles III has scooped up a lavish apartment on New York City's Billionaires' Row.

Persons: King Charles, —, King Charles III, Robert McCubbing Organizations: Service, New York, Foreign Affairs, Consulate, Business Locations: It's, Central, New, Canada, New York

☆ Flash Flooding Leads to Evacuations and Rescues in Central Vermont
▼ + stars: | 2024-07-11 | by ( Jenna Russell | ) www.nytimes.com time to read: 1 min

In Plainfield, Vt., a town of 1,350, some residents spent the past year cleaning up their homes after catastrophic floods swept through last July. On Thursday, many found themselves right back where they had started after flooding once again hit Plainfield and other parts of central Vermont, on the anniversary of the disaster that they had just started putting behind them. “It’s something very difficult to witness — people who have spent a year cleaning their place up, and now it’s covered in four feet of mud,” said Bram Towbin, the town clerk and treasurer in Plainfield. “We’re very resilient people, but these are not people of means. This is something we’ll be living with for many years.”The flooding battered roads and bridges in the state and forced more than 100 rescues and evacuations overnight.

Persons: ”, Bram Towbin Locations: Plainfield , Vt, Plainfield, Vermont

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