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☆ ‘It’s Like I Am Blind’: Waiting for Asylum in a British Hotel
▼ + stars: | 2023-11-18 | by ( Megan Specia | ) www.nytimes.com time to read: 1 min

Every morning, Mohammed Al Muhandes wakes up in a hotel in Leeds, England, and wonders how to pass the day. Along with dozens of other asylum seekers, he eats the same breakfast each morning, then returns to his room or walks in a nearby park. Asylum seekers in Britain are not allowed to work. Mr. Al Muhandes, 53, who has a master’s degree in mechanical engineering, tries to stay busy, taking free classes and spending time in a local nature reserve, but he has waited almost five months for a decision on his case. While he is overwhelmingly grateful to have escaped conflict in his home country, Yemen, the uncertainty is hard.

Persons: Mohammed Al Muhandes, Al Muhandes Locations: Leeds, England, Britain, Yemen

☆ How well-off Brits still buy Ozempic online for weight loss
▼ + stars: | 2023-11-18 | by ( Maggie Fick | ) www.reuters.com time to read: +12 min

NHS diabetes patients – including Gradwell, who went for weeks without full medication – pay nothing for their medication. The shortage persists even after Ozempic's manufacturer Novo Nordisk (NOVOb.CO) launched Wegovy, a semaglutide drug solely for weight loss, in September. Rightangled told Reuters it is within its rights to continue to prescribe Ozempic for weight loss. Two had stopped offering it for weight loss by October, but Rightangled continued to make it available as of Nov. 17, Reuters found. He said his oncologist said that while he could not prescribe Ozempic, it would be good for his health if he took it for weight loss.

Persons: Kim Gradwell, –, John, it's, Rightangled, Gradwell, Penny Ward, I've, Abdullah Sabyah, Ward, Juniper, Ben, Doctors, Novo, Ozempic, semaglutide, prescribers, Rightangled's Sabyah, Tyne wasn't, Gradwell's, Yaasir Mamoojee, We've, Maggie Fick, Marine Strauss, Charlotte Van Campenhout, Chad Terhune, Sara Ledwith, Josephine Mason Organizations: Diabetes, National Health Service, Novo Nordisk, King's College, Department of Health, Social Care, John, Reuters, Oxford University ., NHS, Alliance Healthcare, Alliance, Diabetes UK, NICE, semaglutide, Oxford University, General Pharmaceutical Council, Tyne, Thomson Locations: Dudley , North Tyneside, Britain, Novo, United States, London, U.S, England, Europe, Ozempic, Newcastle, Brussels, Los Angeles

☆ This corn was down to its last two cobs. Now it could help farmers grow food in the climate crisis
▼ + stars: | 2023-11-18 | by ( Jeremy Harlan | ) edition.cnn.com time to read: +7 min

What he saved he delivered to his only Jimmy Red customer two hours down the road in Charleston. “Not only was I counting on it, but High Wire Distilling was absolutely counting on it,” explained Coxe. A local moonshiner – and the last known grower of Jimmy Red corn – had just died, and the family no longer wanted to grow corn for whiskey distilling. Campbell Coxe harvests 50 acres of Jimmy Red corn on his Darlington, South Carolina, farm in September. This year, the distiller used 1.1 million pounds of Jimmy Red corn in its bourbon whiskey production.

Persons: Campbell, Coxe, ”, Red, moonshiners, Jimmy Red, “, sobered, ‘, Jimmy Red’s, Florence, Ted Chewning, Chewning, Campbell Coxe, Peter Frank Edwards, Brian Ward, it’s, Ward, ” Ward, Carolina Gold Rice, Ann Marshall, Scott Blackwell, Marshall, It’s, We’re Organizations: CNN, Hurricane, High, Clemson University, Carolina, Jimmy Locations: Hurricane Florence, Darlington County , South Carolina, Charleston, Florence, Colleton, Darlington, South Carolina, Island , South Carolina, Mississippi, Gulf of Mexico, Charleston , South Carolina

☆ Listen now: Who gets weight-loss drugs when supplies are tight?
▼ + stars: | 2023-11-18 | by ( ) www.reuters.com time to read: +1 min

Follow on Apple, Google or Spotify. Listen on the Reuters app. A revolutionary new class of drugs is transforming weight loss. But around the world, demand is skyrocketing for diabetes drugs because they also help people shed pounds. Join our global health journalists as we explore access to drugs like Wegovy and Ozempic and the transformation of the way we understand weight loss.

Persons: Lilly, Eli Lilly Organizations: Apple, Google, Reuters, Reading Novo Nordisk, Novo, Corporate America, Novo Nordisk, Thomson Locations: Belgium, Novo

LONDON (AP) — A bottle of Scotch whisky billed as “the most sought-after” in the world sold Saturday for almost 2.2 million pounds ($2.7 million), an auction record for a bottle of wine or spirits. Just 40 bottles of The Macallan 1926 were bottled in 1986 after being aged in sherry casks for 60 years. Political Cartoons View All 1256 ImagesThe bottle sold Saturday is the first to have undergone reconditioning by the distillery ahead of auction. The final price of 2,187,500 pounds ($2,714,250) includes a charge known as the buyer’s premium on top of the sale price of 1.75 million pounds. The price well exceeded the pre-sale estimate of 750,000 pounds to 1.2 million pounds.

Persons: Valerio Adami, ”, Jonny Fowle Organizations: Sotheby’s Locations: Sotheby’s, London, Italian

SpaceX launched Starship and its Super Heavy booster toward space for the second time on Saturday. Sitting atop its stainless steel Super Heavy booster, Starship stands nearly 400 feet tall. If Starship did reach space on Saturday, it is the largest and most powerful launch system to ever do so. AdvertisementSpaceX's explosions aren't necessarily failure in Musk's eyesThe complete Starship-Super Heavy system first attempted to reach space in April. AdvertisementIt took seven months to make all those adjustments, regain regulatory approval for flight, and prepare to launch Starship a second time.

Persons: Elon Musk, —, Elon, John Insprucker, SPadre.com livestreams, Gene Blevins, Yusaku Maezawa, That's, it's Organizations: SpaceX, Super, NASA, Service, Elon Musk's, Reuters Locations: Boca Chica , Texas, of Mexico, SPadre.com

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

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

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

☆ Man United nears sale of 25% stake to Jim Ratcliffe for $33 a share -Sky News
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +4 min

The Glazer family announced last November that they were exploring "strategic alternatives" for the club, including a possible sale and were open to fresh investment. Manchester United's U.S.-listed shares rose 9.5% to $20.10 in early trading on Friday. Manchester United generates more revenue and has a larger fan base than its London rival. The Glazer family has faced intense criticism from fans over its handling of this key part of the club's operations. The six descendants of American businessman Malcolm Glazer, who died in 2014, currently control 96% of Manchester United's voting stock.

Persons: Glazer, Jim Ratcliffe, Ratcliffe, Sir Alex Ferguson, Richard Arnold, Roman Abramovich, Todd Boehly, Phil Noble, Malcolm Glazer, Ineos, Eva Mathews, Matt Scuffham, Arun Koyyur, Susan Fenton Organizations: Manchester, soccer, Sky News, Old, Manchester United, Premier League soccer, Chelsea, U.S, Clearlake, REUTERS, Reuters, Tampa Bay Buccaneers, Forbes, Ligue, Nice, Swiss Super League, FC Lausanne, Racing Club Abidjan, Ivory Coast Ligue, Grenadiers, Thomson Locations: Old Trafford, Manchester United's U.S, London, Manchester, Britain, Ineos, British, Bengaluru

☆ Man United nears $33 per share stake deal with Ratcliffe - Sky News
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

The offer represents a premium of 79.1% to the stock's Thursday closing price of $18.43, which gave the Old Trafford club a market capitalization of about $3 billion. Ratcliffe, also the chair of petrochemicals firm Ineos, would pay more than $1.5 billion for a 25% stake in United if his bid for the soccer club is accepted, Reuters reported in October. The Glazer family, which made its fortune in real estate, retail and healthcare and owns the NFL's Tampa Bay Buccaneers, bought the team for 790 million pounds in 2005. The six descendants of American businessman Malcolm Glazer, who died in 2014, together control 96% of Manchester United's voting stock. The deal was yet to be finalised and remained the subject of ongoing negotiations, Sky News reported on Friday.

Persons: Jim Ratcliffe, Phil Noble, Glazer, Ratcliffe, Malcolm Glazer, Richard Arnold, Patrick Stewart, Eva Mathews, Arun Koyyur Organizations: REUTERS, Manchester, soccer, Sky News, Old, U.S, Reuters, Tampa Bay Buccaneers, Premier League, Thomson Locations: Old Trafford, Manchester, Britain, United, Bengaluru

☆ Rolls-Royce shares at one-year high despite 'defective' engine jibes from Emirates boss
▼ + stars: | 2023-11-17 | by ( Natasha Turak | ) www.cnbc.com time to read: +3 min

A Rolls Royce jet engine on display at the Rolls-Royce aircraft jet engine production and repair facility in Blankenfelde on February 28, 2023 near Berlin, Germany. The British aerospace and defense company's financial performance has been transformed, thanks to a turnaround plan led by its CEO Tufan Erginbilgic, who took the job in January. Its soaring stock price suggests that the markets have dismissed criticism of its jet engines by Emirates Airline President Tim Clark at the Dubai Airshow this week. The comments were directed at Rolls-Royce's Trent XWB-84 engines used on the Airbus A350-900 passenger jet. Rolls-Royce later pushed back against the criticism, saying in a statement that the A350-900′s XWB-84 engine "is the best engine out there when you look at efficiency, durability and reliability."

Persons: Royce, Tufan Erginbilgic, Tim Clark, Trent XWB, Clark, Ewen McDonald, Erginbilgic Organizations: Rolls Royce, Royce, Emirates, Airbus, Boeing, Deutsche Bank, Reuters Locations: Blankenfelde, Berlin, Germany, British, Dubai, Emirates

The discounts include:The discount on the Titan Evo is by far the standout of this sale. Several of our editors have tested it and named it a top pick in our guides to the best gaming chair and best office chair. The Secretlab Titan Evo has become the industry standard for an ergonomic and customizable gaming chairSecretlab Titan Evo $519.00 $589.00 Save 12% Available in three frame sizes, the Secretlab Titan Evo is a gaming chair designed to fit people up to 6’9”. Read our full Secretlab Titan Evo review for all the details of what we love about this chair. Like the Titan Evo chair, the Magnus Pro desk offers tons of customization options, including a track for multiple monitor arms, app-controlled lighting, and full height adjustment up to 49.2 inches.

Persons: that's, I've, Secretlab's, Secretlab Magnus, Magnus Pro, Secretlab's Magnus Pro, Magnus, Sarah Saril Organizations: Business, Titan Evo, Secretlab's Magnus Pro, Secretlab's, Magnus Pro Locations: Secretlab

☆ UK's Octopus Energy launches $3.7 bln offshore wind fund with Tokyo Gas
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +1 min

Britain's Prime Minister Boris Johnson poses for photographs with a branded electric taxi as he visits the headquarters of Octopus Energy, in London, Britain October 5, 2020. The Octopus Energy Offshore Wind fund, set up with a 190 million pound cornerstone investment from Tokyo Gas, will invest in offshore wind farms as well as companies creating new offshore wind capacity, with a focus on Europe, Octopus said. The fund will look at both traditional offshore wind turbines and floating turbines. "The potential to make a positive impact, boost energy security and reduce fossil fuels dependence is massive with offshore wind," said Octopus Energy Generation Chief Executive Zoisa North-Bond. Octopus Energy Generation has said it plans to invest $20 billion in offshore wind by 2030, with an aim to boost energy security and reduce dependence on fossil fuels.

Persons: Boris Johnson, Leon Neal, Octopus, Zoisa, Sachin Ravikumar, Mark Potter Organizations: Britain's, Octopus Energy, Rights Companies Tokyo Gas Co, Energy, Gas, Tokyo Gas, Bond, Thomson Locations: London, Britain, Tokyo, Europe

Electric power transmission pylon miniatures and Iberdrola logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsLONDON, Nov 17 (Reuters) - Spanish utility Iberdrola is planning to make an offer for Electricity North West (ENWL) that could value the British power distribution network at a maximum of 3.5 billion pounds ($4.34 billion), two sources familiar with the matter said. Iberdrola (IBE.MC) declined to comment on any involvement in the ENWL sale process, which one of the people, who spoke on condition of anonymity, said is expected to start in December. Iberdrola is ramping up its investments in electricity networks, aiming to deploy 27 billion euros until 2025, with the goal of achieving 30% growth in core earnings of its networks unit to up to 8.5 billion euros. Iberdrola expects to receive around 6 billion euros from partnerships and asset sales by the end of the year that will help it close 2023 with a net debt of around 43 billion euros, roughly in line with 2022.

Persons: Dado Ruvic, Jefferies, KKR spokespeople, JP Morgan, Andres Gonzalez, Pietro Lombardi, Anousha Sakoui, Alexander Smith Organizations: REUTERS, Electricity, Reuters, Japan's Kansai Electric Power Co, Macquarie, KKR, ENWL, Scottish Power, Colonial First State, Iberdrola, Thomson Locations: Manchester , Lancashire, Cumbria, Iberdrola, ENWL, Merseyside , Cheshire, North Wales, North Shropshire, England, Central, Southern Scotland

☆ UK lender Nationwide reports record first-half member benefits
▼ + stars: | 2023-11-17 | by ( Lawrence White | ) www.reuters.com time to read: +1 min

Signage is seen outside of a Nationwide Building Society in London, Britain, May 22, 2019. REUTERS/Hannah McKay/File Photo Acquire Licensing RightsLONDON, Nov 17 (Reuters) - Nationwide Building Society (NBS.L) reported record benefits for its customers in the first half of its financial year, including a 344 million pound ($425.94 million) payout and 885 million pounds of incentives on products below market rates. The country's largest building society made 100 pound transfers into the current accounts of 3.4 million members in May, paying longstanding customers some of its profits from rising interest rates. The member-owned lender, which competes with Britain's big banks but does not have to prioritise shareholder returns, on Friday said profit for the six months to Sept. 30 rose to 989 million pounds from 969 million pounds a year earlier. ($1 = 0.8076 pounds)Reporting by Lawrence White Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

Persons: Hannah McKay, Lawrence White, David Goodman Organizations: Building Society, REUTERS, Nationwide, Thomson Locations: London, Britain

☆ Hedge fund Qube makes $835 million bet against HSBC shares
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Nov 17 (Reuters) - Hedge fund Qube Research & Technologies has made a 672 million pound ($835.43 million) bet against the shares of HSBC (HSBA.L), a regulatory filing showed. The hedge fund, spun out from Credit Suisse, has taken a short position in HSBC shares worth 0.57% of the lender's market capitalisation, the filing with Britain's Financial Conduct Authority shows. It comes after HSBC reported disappointing third-quarter profits amid losses from its China real estate exposure. A short position is a bet that a company's stock price will decline. The short position was first reported by the Financial Times on Friday.

Persons: Dado Ruvic, Qube, Lawrence White, Louise Heavens Organizations: HSBC Bank, REUTERS, Research, Technologies, HSBC, Credit Suisse, Britain's Financial, Authority, FCA, Financial, Thomson Locations: China

Barclays Bank logo is seen in this illustration taken March 12, 2023. Tesco Plc and Tesco Bank declined to comment. It could not be established how much the proposed deal would value the Tesco Bank assets. Tesco Bank was launched in 1997 as a joint venture between the British supermarket group and Royal Bank of Scotland, with Tesco later taking full control of the company. Despite seeing it as a growth area in the past, Tesco has been scaling back its banking services, including no longer offering current accounts and offloading its mortgage portfolio to Lloyds Banking Group (LLOY.L).

Persons: Dado Ruvic, Amy, Jo Crowley, Pablo Mayo Cerqueiro, Lawrence White, Iain Withers, Anousha Sakoui, Jane Merriman Organizations: Barclays Bank, REUTERS, Barclays, Reuters, Tesco Bank, Tesco, Tesco Plc, British, Royal Bank of Scotland, Lloyds Banking Group, Thomson Locations: British, Kensington

LONDON (AP) — Everton was deducted 10 points by the Premier League on Friday for breaching the competition's financial rules. The club reported three-year losses totaling nearly 372 million pounds ($454 million) last season. The league’s profit and financial sustainability rules allow clubs to lose a maximum of 105 million pounds ($128 million) over a three-year period or face sanctions. The penalty drops the team to four points, which is the same as last-place Burnley. The club said it was “shocked and disappointed” by the ruling and will be appealing against it.

Persons: — Everton, ” Organizations: Premier League, Everton, Burnley

☆ With drones and dawn assault, Myanmar's Chin rebels open new front
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +4 min

The ethnic Chin fighters said they used drones to drop bombs on the military bases, and junta soldiers fought back - especially fiercely at Khawmawi - occasionally firing mortars. At least nine Chin fighters were killed in the assault, along with six junta soldiers, two Chin rebels said, asking not to be named. Suan and Lawma's account of the battle, which was corroborated by a rebel commander and six residents who witnessed some of the fighting, provides a rare ground-level insight into a widening assault against Myanmar's military junta. After the two military camps were overrun, 43 junta soldiers crossed over to India seeking shelter and most were subsequently flown back to Myanmar. On the other side stood armed Chin rebels, under a billowing Chin flag.

Persons: Suan, Chin, Min Tun, Sui Khar, Zaw Min Tun, Krishn Kaushik, Devjyot, Robert Birsel Organizations: REUTERS, Arakan Army, Brotherhood Alliance, Chin, Thomson Locations: Khawmawi, India, Myanmar, Zokhawthar, Champhai district, India's, Mizoram, Chin State, Rihkhawdar, India's Champhai, Shan State, Myanmar's, China, Rakhine State, Kayah State, Thailand

☆ Economics and nature square off in Dubai Airshow jet engine rift
▼ + stars: | 2023-11-17 | by ( Tim Hepher | ) www.reuters.com time to read: +5 min

The head of the world's largest international carrier was speaking in the midst of negotiations to buy dozens of Airbus A350-1000 jets powered by Rolls-Royce's XWB-97 engine, which have foundered for now over maintenance and pricing issues. I happen to be a service," Emirates President Tim Clark told reporters this week. INSURANCE-TYPE DEALSWhile the visible face of engine makers is technology, the way they generate much of their income resembles insurance. Rather than charge for repairs as they arise, engine makers increasingly strike long-term deals priced by the flight hour, agreeing to swallow the cost of planned and unexpected outages. To engine makers it means generating cash as soon as the engine enters service rather than waiting for shop visits.

Persons: Denis Balibouse, Tim Clark, Royce's, Larry Culp, Tufan Erginbilgic, Royce, Clark, Rolls, Nick Cunningham, Tim Hepher, Alexander Cornwell, Pesha Magid, Sarah Young, Rajesh Kumar Singh, David Evans Organizations: Boeing, Emirates, Cointrin Airport, REUTERS, Rights, Airlines, Royce, Airbus, GE Aerospace, Reuters, GE, Agency Partners, Thomson Locations: Cointrin, Geneva, Switzerland, Rights DUBAI, Dubai, India, Gulf

☆ Mars to buy Britain's Hotel Chocolat for $662m
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

Hotel Chocolat products are seen on sale at Rabot 1745, in London, Britain December 1, 2017. REUTERS/Peter Nicholls/File Photo Acquire Licensing RightsLONDON, Nov 16 (Reuters) - Britain's Hotel Chocolat (HOTC.L) agreed to a 534 million pound ($662 million) takeover offer from Mars Inc on Thursday, the specialist chocolatier succumbing to the U.S. food giant with international expansion in mind. Set up twenty years ago, Hotel Chocolat aimed to make chocolate exciting by bringing ethical affordable luxury to the British high street, and joint founder Angus Thirlwell remains chief executive to this day. Thirlwell, who will stay on with the business under family-owned Mars, said growth would be faster under new ownership. By partnering with Mars, we can grow our international presence much more quickly," he said in a statement.

Persons: Peter Nicholls, Angus Thirlwell, Thirlwell, Peter Harris, Sarah Young, Kate Holton, James Davey Organizations: REUTERS, Mars Inc, Thomson Locations: London, Britain, Chocolat, Saint Lucia, Japan

☆ GKN Aerospace-owner Melrose lifts 2023 profit expectations
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Hannah McKay/File Photo Acquire Licensing RightsNov 16 (Reuters) - British aerospace supplier Melrose (MRON.L) said on Thursday it expected 2023 profit to be 7% higher than its previous expectations, partly driven by stronger aftermarket demand and improved pricing. The owner of GKN Aerospace, which counts Airbus (AIR.PA) and Boeing (BA.N) as its top customers, said trading and margin performance during the four month ended Oct. 31 was better than its previous expectations. Melrose, which spun off its auto and other businesses in April to become a pure-play aerospace supplier, now expects an adjusted core profit of 680 million pounds to 700 million pounds ($842.5-$867.2 million) for the year ending Dec. 31. In September, Melrose flagged a potential cash hit of about 200 million pounds through 2026 after Pratt & Whitney parent RTX (RTX.N) warned of grounding of some engine variants for quality checks. GKN Aerospace has a 4% programme share on the GTF PW1100G variant impacted by this issue.

Persons: Hannah McKay, Pratt & Whitney, Yadarisa Shabong, Aby Jose Koilparambil, Savio D'Souza Organizations: REUTERS, Melrose, GKN Aerospace, Boeing, Pratt &, Thomson Locations: GKN, Redditch, Britain, British, Bengaluru

☆ Choppy luxury waters lift Burberry turnaround bar
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

MILAN, Nov 16 (Reuters Breakingviews) - Stuttering consumer confidence is complicating CEO Jonathan Akeroyd’s attempts to revive Burberry (BRBY.L). Like-for-like retail sales in the quarter to end-September grew a dismal 1% at the UK maker of fancy trench coats, below analyst expectations of 4%. But brands attempting a revamp, like Burberry or Kering’s (PRTP.PA) star label Gucci, are likely to suffer more than rivals. Akeroyd sounded confident that new designer Daniel Lee’s first collection, which was launched in shops in September, will energise shoppers. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Jonathan Akeroyd’s, Gucci, Daniel Lee’s, Lisa Jucca, Neil Unmack, Streisand Neto Organizations: MILAN, Reuters, Burberry, X, Alstom, Thomson Locations: China, U.S

[1/4] Consumers struggle to enter a store to buy shoes in a store at a shopping center during Black Friday sales, in Caracas, Venezuela November 25, 2022. WILL SHOPPERS FIND BLACK FRIDAY DEALS THIS YEAR? HOW MUCH ARE SHOPPERS EXPECTED TO SPEND? Spending online during Black Friday is expected to rise 5.7% to roughly $9.6 billion, according to Adobe Analytics. Macy's CEO Jeff Gennette on Thursday said the competitive landscape has shifted to Black Friday deals prior to Black Friday.

Persons: Leonardo Fernandez Viloria, Marcus Collins, Collins, Dana Telsey, Jane Hali, Max, Lancome mascaras, Bobbi Brown concealers, Jeff Gennette, Mattel, Steve Totzke, Juveria Tabassum, Savyata Mishra, Richa Naidu, Helen Reid, Josie Kao Organizations: Black, REUTERS, Retailers, Department, Ross School of Business, University of Michigan, Labor, National Retail Federation, Telsey Advisory, Sensormatic Solutions, U.S, Adobe Analytics, Dollar, Walmart, Associates, Nordstrom, Adobe, Consumers, Deloitte, Electronics, Mastercard, Reuters, Thomson Locations: Caracas, Venezuela, U.S, Europe, Philadelphia, Panama, United States, United Kingdom, China, Bengaluru, London

☆ BoE's Ramsden: UK interest rates to stay high for extended time
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

LONDON, Nov 16 (Reuters) - The Bank of England is likely to need to keep interest rates high for an extended period, Deputy Governor Dave Ramsden said on Thursday, sticking close to the central bank's existing language on the topic. Ramsden voted with the majority on the Monetary Policy Committee (MPC) this month to keep interest rates on hold at a 15-year high of 5.25%. "Monetary policy is likely to need to be restrictive for an extended period of time," Ramsden said in prepared remarks for the European Systemic Risk Board's annual conference. "The MPC have communicated that monetary policy will need to be sufficiently restrictive for sufficiently long to return inflation to the 2% target sustainably in the medium term," he added. The BoE currently holds 748 billion pounds ($931 billion) of gilts, down from a peak of 875 billion pounds in December 2021, and committed to reduce its stockpile by 100 billion pounds between October 2023 and September 2024.

Persons: Dave Ramsden, Ramsden, BoE, David Milliken, Sachin Ravikumar, Kylie MacLellan Organizations: Bank of England, Monetary, Financial, Thomson

The documentary, which will air this Sunday on “The Whole Story with Anderson Cooper,” exposes an RSF-led campaign to enslave men and women in El Geneina, the largest city controlled by the paramilitary group in Sudan’s Darfur region. Several former Darfuri abductees told CNN that fighters from the RSF and their Arab militia allies hurled racist abuse at them during their captivity. ‘They flogged us with whips’Another woman told CNN she and the female members of her family were raped in captivity for four days. Mohamed Nureldin Abdallah/ReutersCNN also found evidence of the enslavement of males as part of the attack on El Geneina. They felt his biceps because they said they “wanted a strong one,” he told CNN.

Persons: Chad CNN — Mahdi, “, ” Mahdi, “ I’d crouch, –, Anderson Cooper, ”, Zohra Bensemra, El Geneina, Wagner —, Khalid, Alex Platt, —, Mahdi, abductees, Raghm, ’ ”, ’, General Mohamed Hamdan Dagalo, Mohamed Nureldin Abdallah, Wagner Organizations: Chad CNN, CNN, Rapid Support Forces, Red Cross, Reuters, Chadian, El, Industrial School, Strategic Initiative, Women, Unit, CNN Rights, Darfur —, Human Rights, Reuters CNN Locations: Chad, West Darfur, El, El Geneina, Darfur, Sudan's Darfur, Ourang, Adre, Russian, Sudan —, Sudan, Horn of Africa, Khartoum, “

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