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Here are some details of the impact:* DEATHThe war has caused death on a level not seen in Europe since World War Two. The war has left nearly 500,000 troops either dead or injured, according to the New York Times. Russian Defence Minister Sergei Shoigu said on Sept. 21 that 5,937 Russian soldiers had been killed since the start of the war. When added to Crimea, which Russia annexed from Ukraine in 2014, Russia now controls about 17.5% of Ukraine, an area of about 41,000 square miles (106,000 square km). Shortly after Russia's invasion of Ukraine, international oil prices spiked to their highest levels since the records of 2008.
Persons: Chasiv Yar, Violeta Santos Moura, Sergei Shoigu, Julie Kozack, William Burns, Putin, Guy Faulconbridge, Philippa Fletcher Organizations: REUTERS, United Nations, Human Rights, New York Times, Russian, Reuters, Belfer, Harvard Kennedy School, International Monetary Fund, CIA, European Union, Kiel Institute, Thomson Locations: Chasiv, Ukraine, Donetsk, Europe, United States, Ukraine's, Russia, Crimea, Russian, UNHCR, UKRAINE Russia, Massachusetts , New Hampshire, Connecticut, wastelands, RUSSIA, Moscow, China, Saudi Arabia, Britain, Germany, Japan
Earth, wind and fire
  + stars: | 2023-08-21 | by ( ) www.reuters.com   time to read: +9 min
Earth, wind and fire The wildfire that ripped through Lahaina last week, reducing what had once been the jewel of the historic Hawaiian kingdom to rubble, was decades in the making, scientists say. Illustration of smoke rising above mountains How wind spreads fire As wind cascades over mountains, sinking air compresses, heats up and loses moisture. Over Aug. 7 to 9, gale-force wind gusts reached 67 miles per hour (108 kilometres per hour) in Maui County, according to the National Weather Service. Hot and dry air, colored in orange, moves over Hawaii throughout the timelapse. Today, over 90% of Hawaii’s native dry forests have disappeared, and non-native grasses cover roughly a quarter of the state, according to scientists.
Persons: didn’t, , Abby Frazier, Dora —, John Bravender, Dora, Hurricane Dora, “ Dora, Bravender, climatologist Frazier, Thomas Smith, Jennifer Balch, Mike Opgenorth, ” Smith, Matthew A, Foster, Handout Organizations: U.S . Drought Monitor, Clark University, National Weather Service, National Oceanic, Pacific Hurricane Center, North Pacific, London School of Economics, Political, University of Colorado Boulder, Pacific Fire Exchange, University of Hawaii, U.S . Army National Guard, Staff Locations: Lahaina, Lahaina —, West Maui, Lahaina simmered, Maui, Massachusetts, Hawaii, Maui County, Honolulu, Canada, India, South America, Caribbean, Lahaina , Hawaii, U.S
BRUSSELS, Aug 21 (Reuters Breakingviews) - To step up the fight against climate change, World Bank President Ajay Banga wants to overhaul the lender’s balance sheet without overturning its credit rating. Earlier this year, the World Bank pledged $50 billion over 10 years via changes to how it manages its equity to loan ratio. Such backing has been used before, for example by the UK to fund $1 billion of World Bank projects in India. The central banks would hold those bonds as liquid reserves, while the World Bank could use the SDRs for financing its operations. All of these options are more complicated than if the World Bank’s shareholders simply increased its paid-in capital outright.
Persons: Ajay Banga, Janet Yellen, Lawrence Summers, N.K, Singh, Joe Biden, Yellen, , Guarantors, Brad Setser, Stephen Paduano, George Hay, Francesco Guerrera, Streisand Neto Organizations: Reuters, World, Treasury, World Bank, Reuters Graphics, Mastercard, Citigroup, AAA, U.S, Bank, London School of Economics, International Monetary Fund, European Union, U.S ., Thomson Locations: BRUSSELS, U.S, Asia, Banga, India, Japan, China, European, Marrakech, Singh
SummaryCompanies Russia moon mission failsLuna-25 crashes into the moonFailure is a blow to Russian space prestigeSoviet space veteran: Luna-25 was my last hopeMOSCOW, Aug 20 (Reuters) - Russia's first moon mission in 47 years failed when its Luna-25 space craft spun out of control and crashed into the moon after a problem preparing for pre-landing orbit, underscoring the post-Soviet decline of a once mighty space programme. Russia's state space corporation, Roskosmos, said it had lost contact with the craft at 11:57 GMT on Saturday after a problem as the craft was shunted into pre-landing orbit. Though moon missions are fiendishly difficult, and many U.S. and Soviet attempts have failed, Russia had not attempted a moon mission since Luna-24 in 1976, when Communist leader Leonid Brezhnev ruled the Kremlin. Russian officials had hoped that the Luna-25 mission would show Russia can compete with the superpowers in space despite its post-Soviet decline and the vast cost of the Ukraine war. "This was perhaps the last hope for me to see a revival of our lunar program," he said.
Persons: Luna, Roskosmos, Yuri Gagarin, Leonid Brezhnev, Anatoly Zak, Zak, Mikhail Marov, Marov, Guy Faulconbridge, Christina Fincher, Frances Kerry Organizations: Kremlin, India, Indian Space Research Organisation, ISRO, YP Rajesh, Thomson Locations: Russia, MOSCOW, Moscow, Soviet, Europe, Tenerife, China, United States, Handout, Ukraine, Soviet Union, India, Delhi
Russia's state space corporation, Roskosmos, said an "abnormal situation" occurred as mission control tried to move the craft into a pre-landing orbit at 11:10 GMT on Saturday, ahead of a planned touchdown slated for Monday. "During the operation, an abnormal situation occurred on board the automatic station, which did not allow the manoeuvre to be performed with the specified parameters," Roskosmos said in a short statement. Russia has not attempted a moon mission since Luna-24 in 1976, when Leonid Brezhnev ruled the Kremlin. Luna-25 was supposed to execute a soft landing on the south pole of the moon on Aug. 21, according to Russian space officials. It was not immediately clear from official sources how serious the "abnormal situation" was - and whether or not Moscow could save the situation.
Persons: Luna, Roskosmos, Yuri Gagarin, Leonid Brezhnev, Alexander Ivanov, Guy Faulconbridge, Christina Fincher Organizations: REUTERS, Kremlin, India, Thomson Locations: Handout, MOSCOW, Moscow, Soviet, Russia, China, United States, Ukraine
[1/2] Russia's Defence Minister Sergei Shoigu delivers a speech at XI Moscow conference on international security in the Moscow region, Russia, August 15, 2023. Ukraine and the West have accused Russia of war crimes and cast Moscow's invasion as an imperial-style land grab. "In the special military operation, the Russian army has debunked many myths about the superiority of Western military standards," Shoigu said in a rare public speech, according to a text supplied by his ministry. Shoigu said he would share details about the weaknesses of Western weapons and that none were invulnerable. In remarks aimed at China, Shoigu said the West was intentionally stoking the situation around Taiwan, comparing the situation to the Ukraine war.
Persons: Sergei Shoigu, Li Shangfu, Shoigu, Vladimir Putin's, Guy Faulconbridge, Conor Humphries Organizations: Russia's, XI Moscow, Russian Defence Ministry, REUTERS Acquire, Rights, Cuban Missile Crisis, Russia, Reuters, British, Thomson Locations: Moscow, Russia, Ukraine, Afghanistan, Ukrainian, Odesa, China, Taiwan
MOSCOW, Aug 15 (Reuters) - Russia on Tuesday released video footage showing an armed naval inspection unit boarding a cargo ship in the southwestern Black Sea on Sunday and questioning the captain about why the ship had not stopped when demanded to by a Russian warship. "Stop machine, stop machine," one of the armed Russians says as crew members put their hands on their heads and kneel before the Russian weapons. I am Russian naval officer - please don't shoot my group on video." The Russian officer then questions the captain through a crew translator about why the ship did not stop when asked to. "Thank you, you good day sir," the Russian officer says as he leaves.
Persons: Guy Faulconbridge, Robert Birsel Organizations: Reuters, Thomson Locations: MOSCOW, Russia, Black, Russian, Palau, Turkey, Ukraine, Izmail
Roscosmos/Vostochny Space Centre/Handout via REUTERS/File photoMOSCOW, Aug 13 (Reuters) - Russia on Sunday switched on the scientific instruments aboard its lunar lander and scientists began processing its first data as the space craft sped towards the moon in a bid to be first to find ice on the Earth's only natural satellite. As it hurtles towards the moon, which is 384,400 km (238,855 miles) from our planet, the scientific instruments were switched on with the first data on the flight measured, Russia's space agency said. "The first measurement data on the flight to the Moon has been obtained, and the project's scientific team has begun processing it," Roscosmos said. There is much riding on the Luna-25 mission for Russia: if it succeeds, Russia is likely to say it shows that the West's sanctions over the Ukraine war cannot hold Russia back. But failure would again raise questions over Russia's space ambitions after the decades of superpower space competition with the United States during the Cold War.
Persons: Russian Luna, Roscosmos, Luna, Neil Armstrong, Guy Faulconbridge, Ros Russell Organizations: 2.1b, Vostochny, REUTERS, Sunday, India, Soyuz, Luna, Moscow, NASA, United States, Reuters, Thomson Locations: Amur, Russia, MOSCOW, Russian, Russia's, Ukraine, United States, Soviet, Moscow, Soviet Union, China
Russia in July halted participation in the Black Sea grain deal that allowed Ukraine to export agricultural produce via the Black Sea and Moscow cautioned that it deemed all ships heading to Ukrainian waters to be potentially carrying weapons. "To forcibly stop the vessel, warning fire was opened from automatic weapons," the Russian defence ministry said. BLACK SEA AT WAR? Since Russia left the Black Sea grain deal, both Moscow and Kyiv have issued warnings and carried out attacks that have sent jitters through global commodity, oil and shipping markets. Ukraine also attacked a Russian oil tanker and a warship at its Novorossiysk naval base, next door to a major grain and oil port.
Persons: Vasily Bykov, Okan, Guy Faulconbridge, Nick Macfie Organizations: UN, Russian, Reuters, Thomson Locations: Russia, MOSCOW, Russian, Black, Ukraine, Moscow, Palau, Izmail, Bulgaria, Sulina, Turkey, Kyiv, Novorossiysk
Russia said that it would launch further lunar missions and then explore the possibility of a joint Russian-China crewed mission and even a lunar base. NASA has spoken about a "lunar gold rush" and explored the potential of moon mining. The conditions of the moon mean robots would have to do most of the hard work, though water on the moon would allow for long-term human presence. It has not been ratified by any major space power. The United States in 2020 announced the Artemis Accords, named after NASA’s Artemis moon program, to seek to build on existing international space law by establishing “safety zones" on the moon.
Persons: Guy Faulconbridge, Peter Graff Organizations: NASA, European Space Agency, 2.1b, Vostochny, REUTERS, Boeing, United Nations, RAND Corporation, Artemis Accords, Thomson Locations: MOSCOW, Russia, United States, China, India, Russian, Sun, Amur
The logo of the European Central Bank (ECB) is pictured outside its headquarters in Frankfurt, Germany, April 26, 2018. This is forcing a change of tune at the ECB -- from ruling out a pause in its steepest and longest streak of interest rate hikes to openly talking about one as soon as next month. Higher borrowing costs hurt manufacturers particularly hard because they depend on investment and no euro zone country has a larger industrial sector than Germany. "They've made a mistake in accentuating underlying inflation too much," said Carsten Brzeski, global head of macro for ING Research, said. And ECB board member Fabio Panetta then made the case for "persistence" in keeping rates high rather than raising them further.
Persons: Kai Pfaffenbach, Richard Portes, It's, Emperor Nicholas I of Russia, Ralph Solveen, Portes, They've, Carsten Brzeski, Ricardo Reis, Fabio Panetta, Francesco Canepa, Mark John, Christina Fincher Organizations: European Central Bank, REUTERS, ECB, London Business School, Berlin, ING Research, London School of Economics, ABN, AMRO, Thomson Locations: Frankfurt, Germany, FRANKFURT, Greece, Italy, China, Russia, United States, Portugal, Ireland, Spain, Cyprus, Europe, Ottoman Empire, Ukraine
The logo of the European Central Bank (ECB) is pictured outside its headquarters in Frankfurt, Germany, April 26, 2018. This is forcing a change of tune at the ECB -- from ruling out a pause in its steepest and longest streak of interest rate hikes to openly talking about one as soon as next month. Higher borrowing costs hurt manufacturers particularly hard because they depend on investment and no euro zone country has a larger industrial sector than Germany. "They've made a mistake in accentuating underlying inflation too much," said Carsten Brzeski, global head of macro for ING Research, said. And ECB board member Fabio Panetta then made the case for "persistence" in keeping rates high rather than raising them further.
Persons: Kai Pfaffenbach, Richard Portes, It's, Emperor Nicholas I of Russia, Ralph Solveen, Portes, They've, Carsten Brzeski, Ricardo Reis, Fabio Panetta, Francesco Canepa, Mark John, Christina Fincher Organizations: European Central Bank, REUTERS, ECB, London Business School, Berlin, ING Research, London School of Economics, ABN, AMRO, Thomson Locations: Frankfurt, Germany, FRANKFURT, Greece, Italy, China, Russia, United States, Portugal, Ireland, Spain, Cyprus, Europe, Ottoman Empire, Ukraine, Commerzbank
MOSCOW, Aug 10 (Reuters) - In Vladimir Putin's Russia, the Kremlin even writes the history textbooks. Kremlin aide Vladimir Medinsky has published four history textbooks for 16- to 18-year-old schoolchildren giving a completely revised interpretation of the fall of the Soviet Union, the Putin era and the causes of the Ukraine war. The final chapter of the 447-page "History of Russia 1945 - the start of 21st Century" focuses on the causes of the biggest land war in Europe since World War Two - the Ukraine war that has left several hundred thousand soldiers injured or dead. "This is propaganda - it’s not a textbook," Mikhail Kopitsa, a Russian history teacher who left Russia after the Russian invasion of Ukraine, told Reuters of the book. It ends with small biographies of some of the Russians who have fallen in the Ukraine war - which it does not call a war.
Persons: Vladimir Putin's, Vladimir Medinsky, Putin, Josef Stalin, Mikhail Kopitsa, Anatoly Torkunov, Napoleon Bonaparte, Guy Faulconbridge, Nick Macfie Organizations: KGB, Reuters, Kremlin, NATO, West, Moscow State Institute of International Relations, Continental, Britain, Thomson Locations: MOSCOW, Vladimir Putin's Russia, Soviet Union, Ukraine, Soviet, Russia, Europe, United States, Russian, Moscow, The, Georgia, Montenegro, Ukrainian, Ukraine's, Crimea
More than 1,000 structures were destroyed by fires that were still burning, he said. The hall of historic Waiola Church in Lahaina and nearby Lahaina Hongwanji Mission are engulfed in flames along Wainee Street on Tuesday, Aug. 8, 2023, in Lahaina, Hawaii. As she assessed the damage Thursday, she came upon a line of burned-out vehicles, some with charred bodies inside them. More than 270 structures have been damaged or destroyed, and dozens of people have been injured, including some critically. A charred boat lies in the scorched waterfront after wildfires fanned by the winds of a distant hurricane devastated Maui's city of Lahaina, Hawaii, U.S. August 9, 2023.
Persons: Josh Green, Matthew Thayer, Green, Tiffany Kidder, couldn't, Winn, Adam Weintraub, they'll, Weintraub, 60mph, Hurricane Dora, Bosco Bae, Bae, Marlon Vasquez, Vasquez, Eduardo, he's, Iiulia Yasso, Patrick T, Fallon, Hale Mahaolu, Louise Abihai, Vierra, Power, Dustin Johnson, Ed Sniffen, Thomas Smith, Mason Organizations: Associated Press, Maui News, Technologies, Getty, Hawaii Emergency Management Agency, Facebook, Kahului, AFP, Communications, Reuters Tourists, Hawaii Convention, London School of Economics, Political, Reuters Locations: Maui, Lahaina, Hawaii, Waiola, Lahaina Hongwanji, Lahaina , Hawaii, Banyan, California, Paradise, Maui County, Ankara, Turkiye, Hurricane, Guatemala, Kahului, U.S, Honolulu, Kihei, Maui's
Poland's government, which faces October elections, is even suing Brussels over climate policies. Britain has already quickly gone from being a leader on the world stage to looking quite weak on green policies, he said. CITIZENS, BUSINESSESEurope's green policies are still more credible than U.S. ones, given see-sawing between electoral cycles in the United States, some analysts said. Rows over green policies have propelled right-wing populist parties to second place in both Dutch and German polls. "Otherwise citizens might start to feel that climate policy is always financially overwhelming and bad, and that sentiment is then exploited by populists."
Persons: Timm Reichert, Virginijus Sinkevicius, Sinkevicius, Anna Moskwa, Nathalie Tocci, Mats Engström, GREEN, Bob Ward, Ward, Rishi Sunak, Rob Jetten, Nina Scheer, Simone Tagliapietra, Tagliapietra, Kate Abnett, Sarah Marsh, Gloria Dickie, Anthony Deutsch, Angelo Amante, Pawel, Susanna Twidale, William James, Alexnder Smith Organizations: REUTERS, European Union, Reuters, European People's Party, European Council, Foreign, United States, Grantham Research, London School of Economics, Political, Climate, Energy, Democrats, Thomson Locations: Gruenberg, Germany, EU, BERLIN, BRUSSELS, Netherlands, Brussels, Europe, United States, Grantham, India, China, Britain, Berlin, London, Amsterdam, Rome, Warsaw
Hawaii Lieutenant Governor Sylvia Luke said late on Wednesday that officials were still assessing the damage. The cause of the Maui wildfires had yet to be determined, but the National Weather Service said a mix of dry vegetation, strong winds, and low humidity fueled the fast-moving conflagration. THREE SEPARATE BLAZESFirefighters were battling three separate blazes on the island, officials said late on Wednesday night, without providing further details. An aerial view shows damage along the coast of Lahaina in the aftermath of wildfires in Maui, Hawaii, U.S. August 9, 2023 this screen grab obtained from social media video. More than 11,000 travelers were evacuated from Maui, Ed Sniffen of the Hawaii Department of Transportation said late on Wednesday.
Persons: Dustin Kaleiopu, Kaleiopu, Sylvia Luke, Thomas Smith, Richard Bissen, Richard Olsten, Kamehameha III's, flyovers, Julius Limbaga, Limbaga, Ed Sniffen, Rich McKay, Brendan O'Brien, Frank McGurty, Angus MacSwan, Alex Richardson, Jonathan Oatis Organizations: Hawaiian Kingdom, NBC, National Weather Service, London School of Economics, Political, Reuters Graphics Reuters Graphics Maui, Air Maui Helicopters, REUTERS, Honolulu Star, U.S . Civil Air Patrol, Maui Fire Department, Coast Guard, U.S . Coast Guard, Hawaii Department of Transportation, Kahului, Thomson Locations: Maui, Europe, Canada, Hawaii, Lahaina, Hawaiian, U.S, Lahaina ., Kula, South Maui, Greece, Spain, Portugal, Hurricane Dora, Oahu, West Maui, Atlanta, Chicago
If you're not sure how much to care about work, or what it means to you, you're not alone. Work blurred into life, and life blurred into work, suddenly making my personal errands the same as work. In the wake of our existential reckoning with work, some office workers flipped the script, making life their full-time job and work a part-time pursuit. Lazy girl jobs and a window of opportunityRight now, we're in the "uncomfortable" middle of work, as Klotz calls it. The opportunity to job hop may be dwindling, but that doesn't mean work has to settle into 2019 norms.
Persons: Anthony Klotz, It's, Klotz, " Klotz, Chris Bailey, Bailey, Nick Bloom, Bloom, it's, stayers Organizations: Service, University College London School of Management, Workers, Stanford Locations: Wall, Silicon
Today, the roughly 230 open-air booksellers, stationed along the Seine for about two miles, make up the largest open-air book market in Europe. About 170 of the stalls will be required to close for at least two weeks during the Paris Games, according to a copy of a document that city officials showed bouquinistes at a meeting last month. After the empty arenas of the Olympics in Tokyo, postponed to 2021 because of the coronavirus pandemic, and in Beijing in 2022, organizers in Paris are aiming to bring back grandeur to the Games, which begin July 26. In Paris, with its perfectly preserved mid-19th-century facades, there is more concern about preserving traditions and elements of the city during the Olympic Games than in other cities. The city allows bouquinistes to sell rent-free, but some have had to resort to selling cheap souvenirs rather than books to earn a living.
Persons: Tony Travers Organizations: Paris Games, Eiffel, Olympic, International Olympic Committee, Paris police, Olympic Games, London School of Economics Locations: Europe, Tokyo, Beijing, Paris, Versailles, London, East London, bouquinistes
A study from the University of London academics looked into the Big Five personality traits at work. "Two cooperative people will outperform two competitive people every time," a co-author told CNBC. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Their paper, titled "Kill chaos with kindness," looked at the Big Five personality traits: neuroticism, extraversion, openness, conscientiousness, and agreeableness. "The basic truth is if you have one competitive person and one cooperative person, the competitive person will always win," Peterson told CNBC.
Persons: agreeableness, Randall Peterson, Peterson Organizations: University of London, Big, CNBC, Service, Privacy, Employees, London School of Business Locations: Wall, Silicon
But recently, managers are starting to prize a different trait: agreeableness. In situations with high levels of uncertainty, agreeableness has shown itself to be an asset, according to a new study published in Collective Intelligence. All study participants took a 242-question personality assessment, which recorded how much of each of the Big Five personality traits they might have. The Big Five personality traits are: NeuroticismExtraversionOpennessConscientiousnessAgreeableness Neuroticism decreases team performance, according to the study, especially when uncertainty is involved in the group task. Past research on agreeableness, though, has shown the trait to be "mostly irrelevant" to completing tasks, Peterson says.
Persons: Lean, agreeableness, Randall Peterson, Peterson, It's Organizations: Collective Intelligence, London School of Business
The planned recipient of the colorful batik top was Chinese foreign minister Qin Gang, who has not been seen in nearly a month and is set to miss at least one other important meeting, in South Africa, next week. It is not clear whether even then Borrell would meet Qin as initially planned, the official said. The former aide to President Xi Jinping was appointed foreign minister in December after serving less than two years as ambassador to the United States. Qin's absence has also been widely discussed in the diplomatic community, with some saying it is another example of China's lack of transparency. Some diplomats have even started to speculate on who may replace Qin, with three telling Reuters the ranking vice foreign minister, Ma Zhaoxu could be a candidate.
Persons: Qin Gang, Qin, Yun Sun, Mao Ning, Wang Yi, Josep Borrell, Wen, Xi Jinping, Antony Blinken, Ma Zhaoxu, Ma, Wang, Xie Feng, Xie, Laurie Chen, Martin Quin Pollard, Yew, Tian, Kate Lamb, Gabriela Baczynska, Andrew MacAskill, John Geddie, Robert Birsel Organizations: China Program, Stimson, Reuters, EU, Australian National University, Qin, Baidu, London School of Economics, United, Aspen Security Conference, Thomson Locations: BEIJING, JAKARTA, China, Indonesia, Jakarta, South Africa, Washington, Johannesburg, Britain, United States, Beijing, Sri Lankan, United Nations, Brussels, London
Global Warming Is Bringing More Change Than Just Heat
  + stars: | 2023-07-19 | by ( Amanda Taub | ) www.nytimes.com   time to read: +1 min
The problem with fears about ‘climate refugees’Climate-related mass migration, and the political consequences it produces, may have profound consequences in addition to rising temperatures themselves. Refugees, under international law, are people who have been forced to flee their own countries because of persecution. That means that a lot of refugee policy debates are essentially about countries’ obligations to vulnerable foreigners. But climate change is most likely to displace people within their own countries, and drive them to seek protection from their own governments. And climate disasters can also exacerbate other causes of cross-border migration, such as violence or weak labor markets.
Persons: , Stephanie Schwartz, it’s Organizations: London School of Economics Locations: United States
Summary Prigozhin welcomes mercenaries to BelarusPrigozhin says the front is 'a disgrace'Mercenaries should prepare for AfricaIt's only just begun, top Wagner commander says'Welcome to hell!' The footage, reposted by his press service on Telegram, is the first video evidence of Prigozhin's whereabouts since the night of the mutiny. In the video, the authenticity of which Reuters could not immediately verify, a man whose voice and Russian sounded like Prigozhin's, is heard welcoming his men. It is also unclear what Wagner, which Prigozhin said had 25,000 men, would do next. The video posted on Wednesday showed Prigozhin receiving a Wagner black flag, decorated with the motto "Blood, honour, Motherland, Courage", from their camp in southern Russia.
Persons: Belarus Prigozhin, Wagner, Utkin, Yevgeny Prigozhin, Wagner's, Vladimir Putin's, Prigozhin, honourably, Putin, Dmitry Utkin, Sergei Shoigu, Staff Valery Gerasimov, Guy Faulconbridge, Andrew Osborn, Jon Boyle Organizations: West, Kremlin, Reuters, Islamic, Central African, Putin, Staff, Thomson Locations: Belarus, Africa, MOSCOW, Ukraine, Russian, Belarusian, Russia, Rostov, Dagestan, Minsk, Syria, Libya, Mali, Crimea, Central African Republic, Ukrainian, Bakhmut
Lowe will leave on Sept. 17, marking the end of his 43-year career at the bank. The decision comes as Lowe is due to accompany Chalmers to a Group of 20 meeting in India next week. "Michele Bullock will become the first woman to ever lead the Reserve Bank in this country." His two predecessors, again both career central bankers, were reappointed to second terms and each served 10 years in total. "The Reserve Bank is in very good hands as it deals with the current inflation challenge and implementing the recommendations of the Review of the RBA," Lowe said in a statement on Friday.
Persons: Michele Bullock, Governor Bullock, Philip Lowe, Jim Chalmers, Anthony Albanese, Lowe, Chalmers, Bullock, Tony Sycamore, She’s, Wayne Cole, Renju Jose, Praveen Menon Organizations: SYDNEY, Reserve Bank of Australia, Reserve Bank, Bank, London School of Economics, IG Group, Aussie, Thomson Locations: Australia, India, Sydney, Lincoln
SYDNEY, July 14 (Reuters) - Reserve Bank Deputy Governor Michele Bullock will take over from Governor Philip Lowe in September and has already flagged that leading the country's central bank through a period of change will be a major priority. Bullock, the first woman to helm the country's central bank, will have the task of leading the bank through its biggest internal shakeup in decades while also maintaining the fight against inflation. "I wasn't sure I would ever be in this position," Bullock said in a 2022 interview with her alma mater. "I never thought that Guy Debelle, who was the deputy governor, would leave the Bank. A review into the central bank published in April recommended sweeping changes including the setup of a separate specialist board to manage monetary policy, less frequent meetings and more public communication.
Persons: Michele Bullock, Philip Lowe, Bullock, Anthony Albanese, Jim Chalmers, Michele, Jonathan Kearns, Bullock's, Guy Debelle, Lowe, Su, Lin Ong, Lewis Jackson, Stella Qiu, Praveen Menon Organizations: SYDNEY, Reserve Bank, University of New, London School of Economics, Challenger, RBC Capital Markets, Thomson Locations: University of New England, Armidale, Sydney, Lincoln
Total: 25