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☆ 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

☆ Stock market winners and losers are already emerging from the next extreme weather cycle
▼ + stars: | 2023-11-14 | by ( Aruni Soni | ) www.businessinsider.com time to read: +3 min

The market is beginning to price in the effect of the new El Niño weather pattern, Morgan Stanley said. Mentions of "El Niño" in earnings conference calls have also been on the rise. That's because the upcoming El Niño phenomenon has come into clearer focus, allowing Wall Street to predict who the top winners and losers could be. "Extreme weather events are broadening and strengthening," Morgan Stanley analysts led by Javier Martinez de Olcoz wrote in a note issued Tuesday. On the flip side, insurance stocks as well as Brazilian sugar and ethanol producers trading way higher.

Persons: Morgan Stanley, It's, —, Javier Martinez de Olcoz, El Niño, Mor, Niño Organizations: Service, El, El Niño Bloomberg Locations: Panama, El, America, Southern California, United States, Australia

"We're going to start seeing two big waves of growth" in Mexican startups, said Eric Perez-Grovas, co-founder of venture capital fund Wollef, in an interview, adding an earlier slowdown in financing activity was starting to reverse. Mexico's startups are looking to recover after a lackluster year, hit by rising inflation and high interest rates, dampened investment prospects. "The economic outlook is really, really positive, inflation is coming down and employment is steady. Nexu, an auto-financing startup, landed a $20-million investment round last month, adding onto $53 million it had previously raised. Nexu's round was oversubscribed and had buy-in from foreign investors, however, showing market appetite is increasing, said Perez-Grovas.

Persons: Edgard Garrido, Eric Perez, Melonn, Andres Felipe Archila, Perez, Grovas, Abdon Necif, Kylie Madry, Sarah Morland, Rod Nickel Organizations: REUTERS, MEXICO CITY, Mexico's, Wollef, Thomson Locations: MEXICO, Mexico, U.S

☆ The Social Gospel movement is changing our politics and reshaping our perspectives
▼ + stars: | 2023-11-13 | by ( John Blake | ) edition.cnn.com time to read: +15 min

Fain’s sermonette underscores a trend that has largely gone unnoticed: The Social Gospel movement is making a comeback. Jemal Countess/Getty ImagesIt might sound like hyperbole to say that this resurgent form of the Social Gospel is changing our politics. He reached deep into the Social Gospel throughout the UAW strike, routinely deploying what one commentator called “strikingly Christian rhetoric.”Christopher H. Evans, author of “The Social Gospel in American Religion: A History,” said he heard the Social Gospel in Fain’s UAW speeches. “It (The Social Gospel) won’t have the institutional muscle it had before, but you could still have these voices and followers.”The climate in contemporary America seems ripe for the Social Gospel message. And the soaring optimism of old Social Gospel reformers may now seem as outdated as wobbly black-and-white silent films.

Persons: CNN —, Shawn Fain, Fain, ” Fain, Matthew, Jesus, ”, Moses, Paul, Stellantis, Fain’s sermonette, don’t, Frederic J . Brown, John D, Rockefeller, “, pulpits, didn’t, Charles Sheldon, Fain’s, that’s, Democratic Sen, Raphael Warnock, Cornel West, William Barber II, Liz Theoharis, Matthew Desmond, Martin Luther King, William Barber, Jemal Countess, ” Christopher H, Evans, Heath W, Carter, Luke, Sen, Warnock, Barber, Desmond, Amir Levy, it’s, ” It’s, you’re, ” Evans, Dom Helder Camara, Rebecca Cook, Reuters “ There’s, won’t, —, John Blake Organizations: CNN, Big Three, United Auto Workers, UAW, General Motors, Ford Motor Company, Chrysler, Writers Guild of America, UPS Teamsters, UPS, Getty, Democratic, US, Big Tech, Boston University, ” Mining, Library, “, Princeton Theological Seminary, Yale Divinity School‘s Center, Public Theology, Ivy League, The New York Times, Social, Reuters, Teamsters, Screen Actors Guild Locations: Jerusalem, America, Los Angeles, AFP, Washington, Kingston , Pennsylvania, Chicago, ”, American City, American, Lower Manhattan, New York City, Brazilian, Detroit

NEW YORK (AP) — There are rituals to an Alexander Payne movie. “The Holdovers” is Payne's attempt to make not just a ‘70-set film but an actual ’70s film, styled after some of the movies he grew up with. “I like talking about other people’s movies more than my own,” Payne shrugged. But there was always that distant dream of not being a filmmaker but just going to film school. Most of us trained in film school like those ’70s guys.

Persons: Alexander Payne, Kevin Tent, Payne, ” Payne, ”, —, Paul Giamatti, David Hemingson, Paul Hunham, Giamatti, Angus Tully, Dominic Sessa, Mary Lamb, Da’Vine Joy Randolph, Leo McCarey's, Payne —, “, ” Payne shrugged, PAYNE, –, Dominic, ” “ Harold, Maude, Hal Ashby, Harold, Maude ”, “ Harold, we’d, they’re, Franco, You’ve, Antonioni, Kurosawa, Citizen Ruth ”, Mike Nichols, Francis Coppola, Lifechanging, Bob Rafelson, Milos Foreman, Jim Taylor, Ivan Passer’s, Milos, Ivan, Jim, Fireman’s, Wes Anderson, Paul Thomas Anderson, ” “, David O, Russell, Spike Lee, Jim Jarmusch —, Steven Soderbergh, “ Soderbergh, Jake Coyle Organizations: eBay, New, Somerville Theatre, Stanford, Columbia School of Journalism, Castro Theatre, Times, Franco, Citizen, “, ”, MOMA Locations: Omaha , Nebraska, New England, Manhattan, Boston, “, San Francisco, Spain

☆ Why Banks Are Suddenly Closing Down Customer Accounts
▼ + stars: | 2023-11-05 | by ( Ron Lieber | Tara Siegel Bernard | ) www.nytimes.com time to read: +1 min

Bank customers get a letter in the mail saying their institution is closing all of their checking and savings accounts. Instead, they discover that their accounts no longer work while they’re at the grocery store, rental car counter or A.T.M. “Per your account agreement, we can close your account for any reason at any time,” the script often goes. These situations are what banks refer to as “exiting” or “de-risking.” This isn’t your standard boot for people who have bounced too many checks. Instead, a vast security apparatus has kicked into gear, starting with regulators in Washington and trickling down to bank security managers and branch staff eyeballing customers.

Persons: they’re Organizations: Bank Locations: Washington

Ronen Zvulun/Reuters A woman mourns over a dead man at the Al-Aqsa Martyrs Hospital in Gaza City on October 18. Yousef Masoud/The New York Times A morgue worker arranges body bags at al-Shifa hospital in Gaza City on October 12. Samar Abu Elouf/The New York Times/Redux Children run for cover as bombs fall near the Al-Shifa Hospital in Gaza City on October 9. Erik Marmor/AP Six-month-old Sama Alwadia is rescued from the rubble in Gaza City on October 9. Majdi Fathi/NurPhoto/Getty Images Israeli soldiers work on a tank at the border between Israel and Gaza on October 9.

Persons: CNN — Israel, Israel, Gazans, they’d, Ismail Abd Almagid, Ivana Kottasova, CNN “, ” Ismail Abd Almagid, Ronen Zvulun, Hatem Ali, Jalaa Merey, Ahmad Salem, Ali Jadallah, Khan, Abed Zagout, Fadel Senna, Atef Safadi, Yosef Vahav, Anas al, Kiryat Shmona, Jalaa Marey, Mustafa Hassona, Albert Miles, Bernat, Abed Rahim Khatib, Ilan Rosenberg, Fatima Shbair, Ashraf Amra, Manna, Tamar Chaya Torpiashvili, Mohammed Abed, Abed Khaled, Tamir Kalifa, Khan Younis, Benjamin Netanyahu, Yoav Gallant, Ammar Awad, Jehad Al, Kafarnah, Teddy, Dan Kitwood, Dima Vazinovich, Ahmad Hasaballah, Jack Guez, Sagiv Ben Zvi, Evelyn Hockstein, Omar El, Mohammed Salem, Amir Levy, Yasser Qudih, Tsafrir, Francisco Seco, Ali Mohmoud, Lifshitz, Alexi J . Rosenfeld, Violeta Santos Moura, Mai Yaghi, Mohammed Zaanoun, Yam Goldstein, Nadav, Ariel Schalit, Said Khatub, Leon Neal, Hatem Moussa, Nir Oz, Wolfgang Schwan, Yousef Masoud, Shadi Tabatibi, Belal al Sabbagh, Mohammed Saber, Rizek Abdeljawad, Ahmad Gharabli, Janis Laizans, Mohammed Dahman, Gallant, Ofir Libstein, Aza, Belal Khaled, Hod, Ayal Margolin, Antony Blinken, Joe Biden, Brendan Smialowski, Biden, Netanyahu, Kenny Holston, Kfar Aza, Ilia Yefimovich, Mahmoud Khaled, Samar Abu, Dor Reder, Shir Torem, Wahaj Bani Moufleh, Antonio Macías, Macías, Eli Albag, Liri, Mohammed Talatene, Sergey Ponomarev, Dor Kedmi, Mahmud Hams, Saher, Abraham Cohen, Valentin Ghnassia, Ghnassia, Yuri Cortez, Ibrahim Hams, Bashar Taleb, Baz Ratner, Yahya Hassouna, Mapal Adam, Agha, Ibraheem Abu Mustafa, Reuters Itzik, Miriam Shafir, Dor Shafir, Savion Kiper, Maya Alleruzzo, CNN Sergey Ponomarev, Eden Guez, Ohad, Mohammed Soboh, Said, Noam Elimeleh Rothenberg, Amir Cohen, Ilai Bar Sade, Erik Marmor, Oren Ziv, Majdi, Ramez Mahmoud, Roi Levy, Alleruzzo, Tali Touito, Oded, Ahmad Hasballah, Mohammed Fayq Abu Mostafa, Eyad Baba, Itai Ron, Hadas Parush, Philippe Lazzarini, ” Organizations: CNN, Palestinian Authority, West Bank, Gazans, Israel Defense Forces, UNRWA, Palestinian Ministry of Health, Pictures, Reuters, Getty, Bloomberg, United Nations Relief, Works Agency, Israeli Apache, AP, Al Aqsa Martyrs Hospital, Palestinian, Al, Najjar, IDF, EyePress, New York Times, Israeli, Getty Images, Nasser Medical Hospital, AP Rescuers, Hamas, Tel Aviv University, Reuters Civil, AP Rockets, AP Israel's, Regional, Aqsa Martyrs Hospital, Israel's, Ahli Baptist Hospital, Ben Gurion International, Shifa, Aris Messinis, Haim, Mount, Mount Herzl Military, Nova, Anadolu Agency, Nova Festival, Ben Gurion, Rockets, United Nations, Reuters Police, Reuters Rockets, Palestinian Red Crescent Society Locations: Palestinian, Gaza, Israel, “ Israel, Egypt, Ramallah, Jerusalem, Rafah, Israeli, Golan Heights, Lebanon, AFP, Gaza City, Anadolu, Khan Younis, Sderot, Beit Guvrin, Shareef, Kiryat, Al Aqsa, Deir Al, Balah, Kibbutz Be'eri, Ashdod, Tel Aviv, Holon, Ichilov, Najjar, Kibbutz Shefayim, Deir al, Europe, Zahra City, Xinhua, East Jerusalem, Ras, Israel's, Yehuda, Aqsa, Hod HaSharon, Kiryat Shmona, Al, Ahli, Gan, Kfar, North Sinai, Samar, Samar Abu Elouf, Beit Kama, Haifa, Cyprus, Nablus, West, Kfar Saba, Be'eri, Rehovot, Mount Herzl, Modiin Maccabim, Kfar Aza, Ashkelon, Mount Herzel, Yassin, Beitar Ilit, Ramat Gan, Itai, Beit Hanun, Rishon Lezion

☆ Israeli Forces Encircle Gaza City as Americans Prepare to Leave Strip
▼ + stars: | 2023-11-02 | by ( Jared Malsin | ) www.wsj.com time to read: 1 min

Israel’s military has largely cut off Gaza City from the rest of the enclave, trapping hundreds of thousands of people in what is turning into a total siege as some 400 U.S. citizens wait to see if they will be able to leave the Gaza Strip. Israeli ground operations have effectively encircled Gaza City, the United Nations humanitarian agency said in an update released early on Thursday local time. The move prevents the delivery of humanitarian aid, which has been trickling into the enclave from the southern border with Egypt, to people in the north, including 300,000 internally displaced people, the agency said.

Organizations: United Nations Locations: Gaza City, Gaza, Egypt

Witnesses said Israeli forces targeted Gaza's main north-south road on Monday and attacked Gaza City from two directions. Israel said its troops freed a soldier from Hamas captivity, one of 239 hostages who Israel says were captured on Oct. 7. Gaza health authorities say that 8,306 people, including 3,457 minors, have been killed in Israeli attacks since Oct. 7. Military specialists said Israeli forces are moving slowly in their ground offensive in part to keep open the possibility that Hamas militants will negotiate the release of the hostages. Netanyahu condemned the video as "cruel psychological propaganda" and said Israel's ground campaign created possibilities for rescuing the hostages.

Persons: Netanyahu, Benjamin Netanyahu, Witnesses, Israel, U.N, Amir Cohen, OCHA, Rick Brennan, Yelena Trupanob, Danielle Aloni, Rimon Kirsht, Aloni, Biden, Vladimir Putin, Nidal al, Yomna Ehab, Ali Swafta, James Mackenzie, Henriette Chacar, Dan Williams, Emma Farge, Jonathan Landay, Idrees Ali, Rami Ayyub, Stephen Coates Organizations: Reuters, REUTERS, United Nations, Health Organization, White, West, Thomson Locations: Gaza's, Gaza, GAZA, JERUSALEM, Israel, Gaza City, Yassin, U.S, Egypt, Rafah, Russia, Ukraine, Dagestan, Tel Aviv

☆ Hamas Says It Fires on Israeli Troops Pressing Gaza Ground Assault
▼ + stars: | 2023-10-30 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +5 min

Israel has expanded ground operations in Gaza as it seeks to punish Hamas for a deadly gun rampage three weeks ago that Israeli authorities say killed over 1,400 people. Witnesses said Israeli forces targeted Gaza's main north-south road on Monday and attacked Gaza City from two directions. Gaza health authorities say that 8,306 people - including 3,457 minors - have been killed in Israeli air and ground attacks. Military specialists said Israeli forces are moving slowly in their ground offensive in Gaza in part to keep open the possibility that Hamas militants will negotiate the release of the hostages. Netanyahu condemned the video as "cruel psychological propaganda" and said Israel's ground campaign created possibilities for rescuing the hostages.

Persons: Nidal, Emily Rose, Witnesses, Israel, U.N, Rick Brennan, Benjamin Netanyahu, Netanyahu, Yelena Trupanob, Danielle Aloni, Rimon Kirsht, Aloni, Biden, Vladimir Putin, Nidal al, Yomna Ehab, Ali Swafta, James Mackenzie, Henriette Chacar, Dan Williams, Emma Farge, Jonathan Landay, Idrees Ali, Cynthia Osterman Organizations: Reuters, United Nations, Health Organization, Israel's, Hamas, White, West Locations: Emily Rose GAZA, JERUSALEM, Gaza, Israel, Gaza City, Yassin, Egypt, Rafah, Russia, Ukraine, Dagestan, Tel Aviv

Strikes in a western Ukrainian city blew out windows at a nuclear power plant, once again raising safety concerns. An elderly civilian woman stands with a cat on the balcony of her destroyed house in the Ukrainian city of Avdiivka on Thursday. In the city of Avdiivka, Ukraine claimed it had been successful in repelling assaults and taking out large numbers of Russian soldiers. “It is highly likely that the target for these drones was the Khmelnytsky Nuclear Power Plant,” he said. The Zaporizhzhia Nuclear Power Plant, close to the front line and occupied by Russian troops since March 2022, has been the main focus of concern.

Persons: John Kirby, ” Kirby, ”, Russia’s, Vlada, “, Volodymyr Zelensky, CNN Avdiivka, Kupiansk, Zelensky, Oleksandr Prokudin, Rafael Mariano Grossi, ” Grossi Organizations: CNN, White House, National Security, Russian, Khmelnytsky Nuclear Locations: Ukraine, Russia, Ukrainian, Avdiivka, Moscow, Oskil, Kherson, Dnipro, Kherson region, Beryslav, ‘, Nova

☆ Gaza: EU stops short of calling for ceasefire ahead of UN vote as crisis escalates
▼ + stars: | 2023-10-26 | by ( Andrew Raine | Helen Regan | ) edition.cnn.com time to read: +34 min

Shadi Tabatibi/Reuters Relatives mourn for a family killed in an Israeli airstrike in Gaza City on October 21. Alexi J. Rosenfeld/Getty Images Europe/Getty Images Palestinians inspect a destroyed area following an Israeli airstrike in Gaza on October 21. Ronen Zvulun/Reuters A woman mourns over a dead man at the Al-Aqsa Martyrs Hospital in Gaza City on October 18. Yousef Masoud/The New York Times A morgue worker arranges body bags at al-Shifa hospital in Gaza City on October 12. Ramez Mahmoud/AP A plume of smoke rises in the sky over Gaza City during an Israeli airstrike on October 9.

Persons: Jordan, –, Ayman Safadi, Khan Younis, Mahmud Hams, Gilad Erdan, ”, Yoav Gallant, ” Gallant, Daniel Hagari, Francisco Seco, Yasser Qudih, Tsafrir, Ali Mohmoud, Lifshitz, Alexi J . Rosenfeld, Mohammed Abed, Violeta Santos Moura, Mai Yaghi, Mohammed Zaanoun, Yam Goldstein, Nadav, Ariel Schalit, Jalaa Marey, Said Khatub, Leon Neal, Hatem Moussa, Nir Oz, Wolfgang Schwan, Yousef Masoud, Shadi Tabatibi, Ali Jadallah, Belal al Sabbagh, Mohammed Saber, Khan, Rizek Abdeljawad, Ahmad Gharabli, Janis Laizans, Abed Khaled, Mohammed Dahman, Gallant, Ofir Libstein, Aza, Ronen Zvulun, Belal Khaled, Abed Rahim Khatib, Hod, Ayal Margolin, Antony Blinken, Joe Biden, Benjamin Netanyahu, Brendan Smialowski, Biden, Netanyahu, Kenny Holston, Kfar Aza, Ilia Yefimovich, Mustafa Hassona, Mahmoud Khaled, Samar Abu, Fatima Shbair, Dor Reder, Shir Torem, Wahaj Bani Moufleh, Antonio Macías, Macías, Eli Albag, Liri, Mohammed Talatene, Sergey Ponomarev, Hatem Ali, Dor Kedmi, Saher, Abraham Cohen, Valentin Ghnassia, Ghnassia, Yuri Cortez, Ibrahim Hams, Bashar Taleb, Baz Ratner, Jack Guez, Yahya Hassouna, Mapal Adam, Abed Zagout, Tamir Kalifa, Agha, Ibraheem Abu Mustafa, Reuters Itzik, Miriam Shafir, Dor Shafir, Savion Kiper, Maya Alleruzzo, Mohammed Salem, CNN Sergey Ponomarev, Eden Guez, Atef Safadi, Ohad, Mohammed Soboh, Said, Noam Elimeleh Rothenberg, Amir Cohen, Ilai Bar Sade, Erik Marmor, Oren Ziv, Majdi, Ramez Mahmoud, Roi Levy, Alleruzzo, Tali Touito, Oded, Ahmad Hasballah, Mohammed Fayq Abu Mostafa, Ilan Rosenberg, Eyad Baba, Itai Ron, Hadas Parush, Joe Biden’s, John Kirby, Mohammad Shtayyeh, ” Shtayyeh, Al Jazeera, ‘, Juliette Touma, ” Touma, Jonathan Conricus, Tamara Alrifai, Alrifai, PRCS Organizations: CNN — European Union, UN, UN Security Council, Jordan’s, United Nations Assembly Hall, Palestinian, Hamas, Palestinian Ministry of Health, United Nations, Israel Defense Forces, Qahera, Getty, Reuters, AP Rescuers, Pictures, Tel Aviv University, AP, New York Times, Reuters Civil, AP Rockets, AP Israel's, Regional, Al, Aqsa Martyrs Hospital, Israel's, Ahli Baptist Hospital, Israeli, Ben Gurion International, Shifa, West Bank, Aris Messinis, Haim, Mount, Mount Herzl Military, Nova, Anadolu Agency, CNN, Nova Festival, Ben Gurion, Rockets, Reuters Police, Reuters Rockets, Gaza Health Ministry, Palestinian Authority, Ministry of Health, Authority, of Health, United Nations Relief, Works Agency, UNRWA, Palestine Red Crescent Society Locations: Gaza, Brussels, Israel, AFP, Tel Aviv, Shaja’iyah, Taba, Egypt, Gaza City, Ichilov, Najjar, Rafah, Kibbutz Shefayim, Israeli, Lebanon, Deir al, Anadolu, Khan Younis, Europe, Zahra City, Xinhua, East Jerusalem, Ras, Israel's, Yehuda, Aqsa, Hod HaSharon, Kiryat Shmona, Al, Ahli, Sderot, Gan, Kfar, North Sinai, Samar, Samar Abu Elouf, Beit Kama, Haifa, Cyprus, Nablus, West, Kfar Saba, Be'eri, Rehovot, Mount Herzl, Jerusalem, Kibbutz Be'eri, Modiin Maccabim, Kfar Aza, Ashkelon, Mount Herzel, Yassin, Palestinian, Beitar Ilit, Ramat Gan, Itai, Beit Hanun, Rishon Lezion, ”, Ramallah, UN, Gaza . Israel, Palestine

☆ The Corporate Retreat From Hong Kong Is Accelerating
▼ + stars: | 2023-10-24 | by ( Elaine Yu | ) www.wsj.com time to read: 1 min

International companies began trickling out of Hong Kong a few years back, uneasy about the financial hub’s tightening ties to mainland China. That first smattering of departures is now turning into a broad retreat involving banks, investment firms and technology companies. The number of U.S. companies operating in the city has fallen for four years in a row, by Hong Kong’s count, hitting 1,258 in June 2022, the fewest since 2004. Last year, mainland Chinese companies with regional headquarters in Hong Kong outnumbered American ones for the first time in at least three decades.

Persons: Hong Kong’s Locations: Hong Kong, China

☆ Why Investors Are Heading Back to Ukraine
▼ + stars: | 2023-10-23 | by ( Chelsey Dulaney | ) www.wsj.com time to read: 1 min

John Mazarakis got rich lending money to cannabis companies and running a chain of pizzerias along the Eastern Seaboard. His next big bet: houses and industrial parks in war-torn Ukraine. Mazarakis and the $2 billion asset manager he co-founded, Chicago Atlantic, are preparing to invest as much as $250 million in the country. He isn’t alone. Steel-nerved investors are trickling back into Ukraine, lured by the chance to help the country in its fight against Russia—and to score assets on the cheap.

Persons: John Mazarakis, isn’t, Russia — Organizations: Eastern Seaboard, Mazarakis, Chicago, Russia Locations: Ukraine

☆ Israel-Hamas War: Israel Says It Hit 320 Targets as Conflict Continues -- Latest News and Updates
▼ + stars: | 2023-10-23 | by ( ) www.wsj.com time to read: +1 min

Humanitarian aid is trickling into the Gaza Strip as Israel steps up its bombing campaign. Hostages: Israel's military increased to 222 its count of the number of hostages held by Hamas and other militant groups in the Gaza Strip. Casualties: Hamas officials said Israeli bombing in Gaza overnight brought the Palestinian death toll above 5,000. Israeli strikes: The Israeli military said Monday morning it hit 320 targets in the enclave over the past day. U.S. response: President Biden spoke with leaders in Israel, the U.K., France and other countries.

Persons: Israel, Biden Locations: Gaza, Israel, Maryland, Lebanon, U.S, France

Israel's strategy to cut off water, food and electricity to Gaza – where half the population are children – adds to the suffering of Palestinian civilians who had nothing to do with the brutal Oct 7 attack on Israel, Obama wrote. "It’s therefore important that those of us supporting Israel in its time of need encourage a strategy that can incapacitate Hamas while minimizing further civilian casualties." Israel has yet to launch a promised ground invasion to clear out Hamas, and Biden, in his visit to the war zone last week, said he implored Netanyahu to adhere to the "rules of war." Asked about a cease-fire, Biden said Hamas abductors needed to release the hostages, "and then we'll talk." Hamas released two Israeli hostages Monday, after letting free two American captives over the weekend.

Persons: Barack Obama, –, Obama, Joe Biden, Benjamin Netanyahu, Biden, Netanyahu, Pope Francis, ” Biden, “, abductors Organizations: Israel, Israeli, White, Hamas, West Bank Locations: Israel, Gaza, Tel Aviv, United States

☆ Strong Economic Data ‘Could Warrant’ Higher Rates, Fed Chair Says
▼ + stars: | 2023-10-19 | by ( Jeanna Smialek | More About Jeanna Smialek | ) www.nytimes.com time to read: +4 min

But he also said that the central bank might need to raise interest rates more if economic data continued to come in hot. Mr. Powell tried to paint a balanced picture of the challenge facing the Fed in a speech before the Economic Club of New York. Officials have rapidly raised interest rates to a range of 5.25 to 5.5 percent over the past 19 months. “We are attentive to recent data showing the resilience of economic growth and demand for labor,” Mr. Powell acknowledged in his prepared remarks on Thursday. Those tougher financial conditions could affect growth, Mr. Powell said Thursday.

Persons: Jerome H, Powell, Mr, ”, “ Organizations: Federal Reserve, Economic, of New, Fed Locations: of New York, Israel, Gaza

REUTERS/Yusuf Ahmad/File Photo - RC2DGT9XQ73M Acquire Licensing RightsLONDON, Oct 5 (Reuters) - Global nickel production will outpace demand to the tune of 239,000 metric tons next year, according to the International Nickel Study Group (INSG). The cumulative forecast surplus of 566,000 metric tons over the three years is huge relative to the size of the nickel market. Global consumption this year is expected to come in at 3.2 million metric tons. The mining rush fed an 85% jump in production of intermediate products such as nickel pig iron (NPI) and nickel matte and a 20% rise in primary nickel products such as sulphate. But rising global production is also increasingly about China, which lifted its primary nickel production by 18% year-on-year in January-July.

Persons: Yusuf Ahmad, it's, Sharon Singleton Organizations: REUTERS, Study, Global, London Metal Exchange, Shanghai Futures Exchange, Investor, EV, Macquarie Bank, Traders, London, Reuters, Thomson Locations: Lisbon, London, Indonesia, China, Shanghai

People flee following shots fired at the luxury Siam Paragon shopping mall, in Bangkok, Thailand, October 3, 2023. China is vital to that effort as the biggest source of foreign visitors to Thailand in pre-COVID years. 'SHOCKED'Chinese visitors accounted for 11 million of a record 39.9 million foreign tourists to Thailand in 2019, before the pandemic. Thailand recorded 20 million foreign tourist arrivals in the January to October period, who spent 839 billion baht ($22.58 billion). At the re-opened Siam Paragon mall, on a typically gridlocked thoroughfare, crowds were trickling back.

Persons: Devjyot, Srettha Thavisin, Thapanee Kiatphaibool, Somsong Sachaphimukh, Dong Peijian, Napat Wesshasartar, Thomas Suen, Robert Birsel Organizations: REUTERS, Rights, Police, Siam Paragon, Tourism Authority of, Tourism Council, Thomson Locations: Siam, Bangkok, Thailand, Rights BANGKOK, China, Myanmar, Asia's, Tourism Authority of Thailand, Thai, Southeast Asia

☆ Viktor Hovland sinks remarkable Ryder Cup par-four hole-in-one — a day too soon
▼ + stars: | 2023-09-28 | by ( Jack Bantock | ) edition.cnn.com time to read: +3 min

Signature European chants of ‘Olé, olé, olé, olé’ ringing in his ears, Hovland was serenaded on his walk to the hole before retrieving his ball and lobbing it into the crowd. Richard Heathcote/Getty ImagesThose same fans will be hoping for repeat heroics across the rest of the week as Team Europe captain Luke Donald and Co. look to avenge a crushing defeat at Whistling Straits in 2021. This season, three PGA Tour wins and minimum top-13 finishes in all four majors have rocketed Hovland to world No. “There’s a belief and a confidence that I can get myself out of any situation, and I think that’s a huge turnaround from last time.”Though the US is spearheaded by world No. “Obviously, we want to beat the Americans, we enjoy that, but it’s not because we hate the other team.

Persons: CNN —, Viktor Hovland’s, Marco Simone Golf, ‘, Hovland, Richard Heathcote, Luke Donald, “, ” Hovland, I’ve, Scottie Scheffler, Northern Ireland’s Rory McIlroy, Spain’s Jon Rahm, ” Organizations: CNN, Ryder, Getty, Team Europe, Oklahoma State University, Europe, Shore Locations: Norwegian, Whistling Straits, Northern, Rome, Europe

ABUJA, Nigeria (AP) — If you listen to the African leaders addressing the U.N. General Assembly this year, the message is emphatic and unanimous: The continent is done being a victim of a post-World War II order. It is a global power in itself and must be partnered with — not sidelined. There’s also a new boldness that comes with the African Union’s G20 seat. With the largest bloc of countries at the United Nations, it is understandable that African leaders increasingly demand a bigger voice in multilateral institutions, said Murithi Mutiga, program director for Africa at the Crisis Group. As African leaders spoke glowingly about the continent as a force on the global stage, some at home said the leaders must begin by delivering the dividends of democracy to their people.

Persons: —, There’s, William Ruto, Nana Akufo, Addo, Africa’s, Cyril Ramaphosa of, ”, Bola Tinubu, Tinubu, Murithi Mutiga, Rashid Abdi, Horn of, ” Abdi, Felix, Antoine Tshisekedi, Filipe Nyusi, Nyusi, Ibrahim Mayaki, Mayaki, Grace Agbu, Mamadi Doumbouya Organizations: General Assembly, Kenyan, United Nations, Crisis, African Development Bank, Gulf, Slave Trade, SEAT, Economic Cooperation, Development, Democratic, Africa Center, ” Locations: ABUJA, Nigeria, Africa, Russia, Ukraine, Cyril Ramaphosa of South Africa, Horn of Africa, Nairobi, Europe, United States, Paris, Democratic Republic of, Congo, New York, Nigeria’s, Abuja, “, ”

☆ 'I don't believe in fairy tales': A veteran economist shares 10 overlooked reasons why the US economy is bound to contract, even as Wall Street bails on recession calls
▼ + stars: | 2023-09-22 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

"I don't believe in fairy tales, and I don't believe in new eras," Rosenberg said in a recent interview with Insider. The resumption of student loan payments this fall will also cut into spending, Rosenberg predicted. As excess stimulus erodes, the consumer savings rate is sliding. Higher oil and gas prices are also hurting consumers, Rosenberg said. "And they need the money because they're seeing strains on their finances from this 525 basis point runup in rates start to bite into their debt service capacity."

Persons: David Rosenberg, Rosenberg, they've, Rosenberg doesn't, it's, Louis Organizations: Bank of America, Rosenberg Research, Federal Reserve, of Locations: Saudi Arabia

Decade to decade, costly extreme weather events are increasing in both frequency and intensity as greenhouse gases build up in our atmosphere. The true cost of extreme heatLois Nigrin grew up on a farm and loved getting outdoors. Her ordeal points to the rising cost of extreme heat, the leading weather-related killer in the US. The true cost of floodingBarb Grant has built her life's work around helping others. The true cost of inactionThere is more to this story than a set of ruinous tragedies.

Persons: Lois Nigrin, —, Yoon, Nigrin, Read, Dale Murden, who's, He's, he's, Murden, Jason Garza, Barb Grant, Grant, Miriam Alarcón Avila, She's Organizations: Center for American, Atlantic Council, The Texas Tribune, Administration, Texas, Citrus Committee, M, Pew Charitable Locations: heatstroke, Texas, Arizona, Nebraska, Harlingen , Texas, Mexico, Southeast Texas, Iowa

☆ The vicious cycle of homeowners insurance: It's increasingly expensive to protect homes in the disaster-prone areas that need it most
▼ + stars: | 2023-09-20 | by ( Dan Latu | ) www.businessinsider.com time to read: +6 min

Earlier this year, Allstate joined State Farm in no longer offering new home insurance in California over climate risk. Across the country, 83% of prospective homebuyers said climate risk factored into where they are shopping for homes, according to a recent Zillow study. Danny Collins of Hobe Sound, Florida, told Insider in July how the bank holding his mortgage raised his monthly rate by $1,000, citing increased flood insurance. Matheus told Insider. Have you moved or are you considering a move because of climate risk and extreme weather events?

Persons: Carolyn Kousky, Berkshire Hathaway, Vox, Dave Jones, they'll, Danny Collins, Collins, Bob Stephens, Stephens, Martha Flanagan, Jason Beury, Charles Matheus, Kelly Roberge, Matheus, Dan Latu Organizations: Service, The Washington Post, Environmental Defense Fund, Allstate, Berkshire, Nationwide, National Association of Insurance, . Erie Insurance Group, Washington Post, State Farm, Farmers Insurance, Insurance, Wall Street, Journal, Hobe, Marathon Locations: Florida, Kansas, New York, California, Louisiana, United States, Coral, Florida's, Hobe Sound, Arizona, Brooklyn , New York, Kansas City , Kansas, Utica , New York, dlatu@insider.com

Derna, Libya CNN —Tarek Fahim was taking videos of the water filling behind the dam in the Derna valley in Libya late Saturday night. Almost all they find are dead bodies and more are believed to be under the heaps of crumbled cement. Volunteers in hazmat suits scan the sea for dead bodies in Derna. Sarah Sirgany/CNNAbdel Wahab Haroun, 21, says he retrieved 40 bodies from the sea on Sunday. Derna’s waterfront has become the main staging area for delivering dead bodies and transporting them for burial, in a process that has been kept to one location due to the health hazards of decomposing bodies.

Persons: Libya CNN — Tarek Fahim, Storm Daniel, ”, “, Talal Fartas, Derna, Sarah Sirgany, CNN Abdel Wahab Haroun, Haroun, Asma Awad, Ibrahim Hassan, ” Abdel, Wahab Organizations: Libya CNN, United Nations, UN, CNN, Vehicles, Local, Volunteers Locations: Derna, Libya, al, Libyan, Kofra

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