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The Federal Reserve, as expected, left interest rates unchanged on Wednesday while raising forecasts for economic growth and lowering them for unemployment next year. “Job gains have slowed in recent months but remain strong, and the unemployment rate has remained low. Inflation remains elevated.”The central bank updated its forecasts for economic growth, unemployment and inflation. The GDPNow estimate from the Federal Reserve Bank of Atlanta is now pegging economic growth in the third quarter at 4.9%. But it would likely curb economic growth at a time when the Fed’s policies have restricted credit and other government stimulus is waning.
Persons: , ” Powell, , Powell, Andrew Patterson, Ruslan Lienkha, Victor Li, Jeff MacDonald, Joe Biden, Donald Trump Organizations: Federal Reserve, Fed, , Villanova University, Federal Reserve Bank of, GOP Locations: Saudi Arabia, Russia, U.S, Federal Reserve Bank of Atlanta
Some of the men charged with public displays of affection with members of the same sex are seen gathered outside a court in Lagos, Nigeria October 27, 2020. REUTERS/Temilade Adelaja/File Photo Acquire Licensing RightsYENAGOA, Nigeria, Sept 19 (Reuters) - A court in Nigeria has released on bail 69 people who were arrested last month in connection with an alleged gay wedding, which is illegal in the country, their lawyer said on Tuesday. So, the 69 suspects have been granted bail and I am processing their paperwork," Ohimor said. State prosecutors had opposed bail but the court ruled that the suspects should be released because they were not facing a capital offence, said Ohimor. The anti-gay law in Africa's most populous nation includes a prison term of up to 14 years for those convicted, and bans gay marriage, same-sex relationships, and membership of gay rights groups.
Persons: Temilade, Ochuko Ohimor, Ohimor, Tife Owolabi, MacDonald Dzirutwe, Jon Boyle, Hugh Lawson, Christina Fincher Organizations: REUTERS, Thomson Locations: Lagos, Nigeria, Africa, Warri, Africa's
REUTERS/Temilade Adelaja/File Photo Acquire Licensing RightsABUJA, Sept 19 (Reuters) - Nigeria's two main opposition leaders on Tuesday filed separate appeals at the Supreme Court challenging a tribunal ruling that earlier this month upheld President Bola Tinubu's victory in a disputed February election. Atiku, from the People's Democratic Party who came second in the election, said in a court filing that the tribunal erred in law "when it failed to nullify the presidential election ... on the ground of non compliance" with the electoral law. The two had up to Wednesday to challenge the Sept. 6 tribunal ruling. The Supreme Court, the highest in Nigeria, has 60 days to rule on the appeals. A five-member tribunal had rejected the challenge by Atiku, and Obi, who asked the tribunal to cancel the election, alleging irregularities.
Persons: Bola Tinubu, Temilade, Bola Tinubu's, Peter Obi, Atiku, Obi, Camillus Eboh, MacDonald Dzirutwe, William Maclean, Alexandra Hudson Organizations: Nigeria's, REUTERS, Rights, People's Democratic Party, Labour, Reuters, United Nations, Alexandra Hudson Our, Thomson Locations: Abuja, Nigeria, Rights ABUJA, New York
ABUJA, Sept 15 (Reuters) - President Bola Tinubu has nominated the former head of Citibank in Nigeria, Olayemi Cardoso, to serve as the country's new central bank governor, days before its next interest rate meeting, a presidential spokesperson said on Friday. The central bank did not respond to a request for comment on whether Emefiele and his deputy governors had resigned. The central bank raised rates by a smaller-than-expected 25 basis points in July, contrary to analysts' expectations, under acting Governor Folashondun Shonubi, one of Emefiele's deputies. The central bank pursued unorthodox policies under Emefiele who kept the currency artificially strong, a policy backed by former President Muhammadu Buhari, which supported government borrowings on the international markets. He was a former commissioner for economic planning and budget in Lagos state when Tinubu was governor between 1999-2007.
Persons: Bola Tinubu, Olayemi Cardoso, Godwin Emefiele, Tinubu, Cardoso, Ajuri Ngelale, Ngelale, Folashondun Shonubi, Emefiele, Muhammadu Buhari, Camillus Eboh, Chijioke Ohuocha, MacDonald Dzirutwe, Richard Chang, Jane Merriman, Hugh Lawson Organizations: Citibank, Central Bank of Nigeria, Thomson Locations: ABUJA, Nigeria, Lagos
LOS ANGELES (AP) — Environmental groups called on federal regulators Thursday to immediately shut down one of two reactors at California’s last nuclear power plant until tests can be conducted on critical machinery they believe could fail and cause a catastrophe. “We will not sit idly by while PG&E cuts corners on Unit 1’s safety,” Hallie Templeton, legal director for Friends of the Earth, said in a statement. Friends of the Earth, a longtime critic of plant safety, was a central player in negotiating the 2016 closing agreement. He noted that unlike most other reactor safety components, the pressure vessel has no independent backup system that can be called upon if it should crack or fracture and lose essential cooling water. According to the NRC, embrittlement occurs as a result of reactor operation when neutrons from the nuclear fuel irradiate the steel plates and welds used to construct the reactor vessel.
Persons: Peace, , ” Hallie Templeton, Suzanne Hosn, ” Hosn, Gavin Newsom, Digby Macdonald, , Macdonald, ” Macdonald, Critics, Newsom, it’s Organizations: ANGELES, , Nuclear Regulatory Commission, Pacific Gas &, Democratic, University of California, NRC Locations: Los Angeles, San Francisco, California, Washington, Berkeley
All-new: 2024 GMC Acadia The show's one big new model reveal came as General Motors unveiled the completely redesigned 2024 GMC Acadia on Wednesday morning. 2024 GMC Acadia GMProduction of the 2024 Acadia is expected to begin early next year at a plant in mid-Michigan, with vehicles slated to hit dealer showrooms during the first quarter. The company revealed its refreshed 2024 F-150 pickup truck lineup Tuesday night to a large crowd in downtown Detroit, not far from the show floor. Jeep unveiled a refreshed 2024 version of its Gladiator pickup in Detroit on Sep. 13, 2023. Not surprisingly, the Gladiator's new grille is very similar to the revamped grille that the Wrangler itself will be sporting for the 2024 model year.
Persons: it's, Duncan Aldred, wasn't, Ford, Jim Farley, John Emmert, Motors, Cadillac, Alex MacDonald, Gladiator, Stellantis, Jim Morrison Organizations: DETROIT, Detroit, United Auto Workers, Detroit Auto, North American, CNBC, General Motors, Acadia, GMC, GMC Acadia GM, GM, Chevrolet Traverse, Buick, CT5, Cadillac CT5, Google, Jeep, Apple Locations: Acadia, Michigan, U.S, Yukon, Detroit, Toledo ., North America
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Persons: Dow Jones
But if you think you see where that’s going, you will be both right and wrong; Baker’s structures are so strong and yet open that, within them, anything or its opposite may happen at any moment. “Infinite Life” (a co-production with Britain’s National Theater) gets that and more from James Macdonald, who has notably staged plays by Baker in London and by the British playwright Caryl Churchill here in New York. Indeed, “Infinite Life” most closely reminded me of Churchill’s great “Escaped Alone,” in which four women sit in a garden chatting into the apocalypse. They are all expressions of Baker’s refusal to reduce the world to a unitary lesson; “Infinite Life” offers moral philosophy but no moral. Which, by the way, is what “Daniel Deronda,” past page 152, is about — and “Infinite Life” is always.
Persons: James Macdonald, Baker, Caryl Churchill, , Macdonald, Tennessee Williams, Albee, Nielsen, Ásta Bennie Hostetter, Birdsong, Bray, Isabella Byrd’s, ” Sofi, Daniel Deronda, Linda Gross Organizations: Britain’s, New York, Linda, Linda Gross Theater Locations: London, British, New York, Tennessee, Manhattan
At least 26 killed in Nigeria ferry accident
  + stars: | 2023-09-10 | by ( ) www.reuters.com   time to read: +1 min
ABUJA, Sept 10 (Reuters) - At least 26 people died and several others were missing after a ferry capsized on a reservoir in north central Nigeria on Sunday, local officials said, the second such major accident to hit the region in three months. Bologi Ibrahim, the spokesperson for the governor of Niger state, said the boat was carrying more than 100 people, including women and children, in the Mokwa local government area of the state. The victims were going to their farms across a major dam, said Ibrahim. In July, more than 100 people died when an overloaded boat capsized in a remote part of Niger state, in one of the worst such disasters in recent years. Reporting by Camillus Eboh Writing by MacDonald Dzirutwe Editing by Peter GraffOur Standards: The Thomson Reuters Trust Principles.
Persons: Bologi Ibrahim, Ibrahim, Camillus Eboh, MacDonald Dzirutwe, Peter Graff Organizations: Niger State Emergency Management Agency, Thomson Locations: ABUJA, Nigeria, Niger
Bola Tinubu, President of Nigeria, arrives for the closing session of the New Global Financial Pact Summit, Friday, June 23, 2023 in Paris, France. Lewis Joly/Pool via REUTERS Acquire Licensing RightsABUJA, Sept 6 (Reuters) - Nigeria's presidential election tribunal is due to rule on Wednesday on whether Bola Tinubu should stay as president after two rivals challenged his victory in February's disputed vote. There have been numerous legal challenges to the outcome of previous Nigerian presidential elections but none have succeeded. The tribunal, which will deliver its ruling in the capital Abuja, has the power to cancel an election and order a fresh one, among other remedies. Tinubu, who is in India ahead of a G20 Summit, has defended his victory and says he is focused on reviving the economy.
Persons: Bola Tinubu, Lewis Joly, Bola, February's, Atiku Abubakar, Peter Obi, Atiku, Obi, Muhammadu Buhari, MacDonald Dzirutwe, Alison Williams Organizations: New Global Financial, REUTERS Acquire, Rights, Tinubu's, People's Democratic Party, Labour, Thomson Locations: Nigeria, Paris, France, Rights ABUJA, Abuja, India
By Camillus EbohABUJA (Reuters) - Nigeria's presidential election tribunal on Wednesday rejected an opposition challenge to Bola Tinubu's win in February's disputed vote, following a pattern seen in previous election years in Africa's most populous country. No legal challenge to the outcome of a presidential election has succeeded in Nigeria, which returned to democracy in 1999 after three decades of almost uninterrupted military rule and has a history of electoral fraud. Judge Haruna Tsammani, reading out a lengthy ruling on behalf of the tribunal's panel of five justices, rejected Obi's petition point-by-point. As the tribunal was giving its ruling, he was in India preparing to take part in the G20 summit there. Atiku and Obi can appeal to the country's Supreme Court to strike down the tribunal's ruling.
Persons: Camillus, Bola Tinubu's, Atiku Abubakar, Peter Obi of, Haruna Tsammani, Tinubu, Obi, MacDonald Dzirutwe, Estelle Shirbon, Alison Williams Organizations: Reuters, February's, People's Democratic Party, Labour Party Locations: Camillus Eboh ABUJA, Africa's, Nigeria, India
Sept 4 (Reuters) - Italy's Eni (ENI.MI) signed on Monday an agreement to sell its unit Nigerian Agip Oil Company (NAOC) to Nigerian counterpart Oando (OANDO.LG), the group said in a statement, in the latest move by an energy giant out of the country. Eni's NAOC, which focuses on oil and gas exploration and production, has interests in four onshore blocks and two onshore exploration leases in Nigeria, the group said. Similar approvals have been held back by legal and political issues in Exxon's and Shell's assets sales. After the disposal of NAOC, in line with the firm's 2023-2026 plan, Eni will retain the unit's 5% stake in the Shell Production Development Company (SPDC) joint venture operated by Shell, the group added. Reporting by Alessandro Parodi; additional reporting by MacDonald Dzirutwe and Libby George; editing by Gianluca Semeraro and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.
Persons: Italy's Eni, Eni's, Jefferies, Alessandro Parodi, MacDonald Dzirutwe, Libby George, Gianluca Semeraro, Louise Heavens Organizations: Italy's, Agip Oil Company, Shell, Exxon Mobil Corp, Eni, Shell Production Development, Thomson Locations: Nigeria, Exxon's
Seen from Close-up: How the U.S. Open Dials in its Court SpeedFrom the seats in Arthur Ashe Stadium, the tennis court below appears smooth and uniform. The size, shape and density of the sand make up the hardcourt surface and dictate the speed of the ball after it bounces. Of course, players are not always universally happy with the court surface choices made for the tournaments on the pro tours. The court surface used at Flushing Meadows is called Laykold, which is made by Advanced Polymer Technology, an international manufacturer of sports surfaces. The bounce of a tennis ball generally lasts five milliseconds, an instant that will determine how the ball behaves.
Persons: Arthur Ashe, , Ben Depoorter, , Suresh Ponnusamy, Helmuth Rosales, Daniil Medvedev, ” Medvedev, Medvedev, Indian Wells, Carlos Alcaraz, Swiatek –, Rafael Nadal, hardcourts, Wesley Baum, Taylor Fritz, Coco Gauff, Elena Rybakina, Roger Federer, — Swiatek, Aryna, Alcaraz, Novak Djokovic — Organizations: U.S, U.S ., United States Tennis Association, BNP, Tennis Federation, Polymer Technology, Helmuth Rosales Professional, Wimbledon, Miami, Indian, Advanced Polymer Technology, Flushing Locations: Ashe, Indian Wells, Calif, Indian, Miami, Flushing Meadows
Thomas Simonetti/The Washington Post/Getty ImagesA view of the flooding in Cedar Key, Florida, on August 30, 2023. Julio Cesar Chavez/ReutersPhotos on the Cedar Key Fire Rescue Facebook account showing some of the early destruction. And unlike Key West, Cedar Key has avoided high-end commercial development along its shores and remains a low-key spot. What Idalia did to Cedar KeyA vehicle was partially submerged after the arrival of Hurricane Idalia in Cedar Key on Wednesday. “Everything is flooded,” Shely Boivin, the manager of a beachfront motel in Cedar Key, told CNN.
Persons: CNN —, , Idalia, ” Michael Bobbitt, CNN’s John Berman, Thomas Simonetti, Julio Cesar Chavez, Bobbitt, , John Muir, ” Muir, Leslie Sturmer, Julio, Cesar Chavez, Reuters Levy, Mayor Heath Davis, “ We’re, ” Bobbitt, ” Heather Greenwood, CNN’s Carlos Suarez, Sean Rayford, Cheney Orr, Reuters Jewell Baggett, Cristobal Herrera, Ulashkevich, EFE, Jack Lemburg, Richard Burkhart, Douglas R, Clifford, Zuma Press Donnye Franklin, Joe Raedle, Rebecca Blackwell, Ron DeSantis, Savannah Alderman Nick Palumbo, Ken Kruse, Hurricane Idalia, Eva Marie Uzcategui, Christian Monterrosa, Stephen M, Dowell, Reagan Ortagus, Tyler, Bob Self, NOAA Ana Iris Aguiar, Alexandre Meneghini, Marco Bello, Adrees Latif, Samson, Victor Cassano's, Chris O'Meara, Yamil Lage, Sharon Walsh, Doug Engle, Christine Willis, Andrew West, Shely Boivin, ” Boivin, , John MacDonald Organizations: CNN, Rescue, Washington Post, Key, USA’s, University of Florida Institute of Food, Agricultural Sciences, WUFT, Reuters, Mayor, Tampa Bay Times, ZUMA Press, Press, Angels Episcopal Church, Savannah Morning, USA, Network Rescue, Zuma Press, AP Florida Gov, Savannah, Bloomberg, Getty, Duke, Orlando Sentinel, Florida Times, Union, AP, Reuters Pike Electric, Idalia, Southwest Airlines, Tampa International Airport, Reuters Home Depot, Reuters Fort Myers, Emergency Locations: Key , Florida, Gulf of Mexico, Cedar, Mexico, Dock, Horseshoe Beach , Florida, Bend, Tampa, Perry , Florida, Keaton Beach , Florida, Horseshoe Beach, Madison , Florida, Steinhatchee , Florida, Samarra, St, Savannah , Georgia, Savannah, Steinhatchee, Crystal River , Florida, Perry, Crystal, Tarpon Springs , Florida, Mayo , Florida, Tarpon Springs, Myers, Hurricane, Gainesville , Florida, Sumterville , Florida, Johns County , Florida, Florida, NOAA, La Coloma, Cuba, Clearwater , Florida, Playa Majana, Suwannee , Florida, Batabanó, AFP, Guanimar, Ocala , Florida, USA, Reuters Fort Myers Beach, Levy
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Persons: Dow Jones
In Annie Baker’s Plays, Pay Attention to the Pauses
  + stars: | 2023-08-30 | by ( Darryn King | ) www.nytimes.com   time to read: +1 min
“She’s a high priestess of silence and stillness,” the director James Macdonald said. An Atlantic Theater Company and National Theater co-production of Baker’s latest play, “Infinite Life,” directed by Macdonald, is in previews now and will open on Sept. 12. “Infinite Life” also goes further than Baker’s other plays in its exploration of stillness, Macdonald said. “I’m interested in silence, I’m interested in noise, I’m interested in speed, I’m interested in stillness. To me it does feel like writing a play feels a bit like composing a piece of music.
Persons: , James Macdonald, , Macdonald, “ Janet Planet, Baker, ” Baker, “ I’m, I’m Organizations: Atlantic Theater Company, National Theater, New York Film
ISTANBUL—Russia is adapting to Western sanctions on its military supply chain by turning to a netherworld of shipping and logistics companies to bring in more of the armed drones from Iran now playing a pivotal role in its war in Ukraine, according to an assessment from the government in Kyiv reviewed by The Wall Street Journal.
Organizations: Wall Street Locations: ISTANBUL — Russia, Iran, Ukraine, Kyiv
HONG KONG, Aug 28 (Reuters) - Chinese private equity firm Trustar Capital is planning to raise a so-called continuation fund that would allow it to sell down its stake in McDonald's China, two sources with knowledge of the matter said. That plan would be achieved by Trustar, formerly known as CITIC Capital, transferring some equity interest in McDonald's China from its private equity (PE) fund into the continuation fund, a new investment vehicle that would manage the asset. Currently, Trustar owns 42% of the business, while Carlyle and CITIC own 28% and 10% respectively, according to McDonald's China. Carlyle has also been considering options for its stake in McDonald's China, including setting up a continuation fund, Reuters has reported. "McDonald's China will continue to leverage the capital and other resources from CITIC (Trustar), Carlyle, and McDonald's Corp to achieve the future milestone of 10,000 stores," said McDonald's China.
Persons: Trustar, Mubadala, Carlyle, CITIC, Kane Wu, Yantoultra Ngui, Sophie Yu, Sumeet Chatterjee, Mark Potter Organizations: Trustar, Trustar's PE, McDonald's Corp, CITIC, HK, Carlyle Group, Reuters, Bloomberg, Thomson Locations: HONG KONG, McDonald's China, China, Trustar's, Abu, Chicago, CITIC, Hong Kong, Singapore, Beijing
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/europe/the-market-is-dead-ukraines-farmers-count-the-cost-of-grain-deals-collapse-379e648d
Persons: Dow Jones
A pilot says that flight attendants should be "more strict" with passengers. A flight attendants' union is also pushing for airlines to train its crew to "subdue and restrain" passengers. AdvertisementAdvertisementA private pilot has lashed out at abrasive customers, saying that flight attendants should tell customers they are here to ensure "safety" rather than just being a "server." People speaking disrespectfully to flight attendants and they, for the most part, ignore it. But somehow, the flight attendants ignore them," MacDonald said, adding that flight attendants are being "more tolerant" than customers think when dealing with disruptive passengers, said the pilot.
Persons: Morgan Gist MacDonald, We've, MacDonald, Taylor Garland, Conrad Clifford Organizations: Morning, Fox News Digital, Fox News, Firefly Aviation, International Air Transport Association, US Federal Aviation Administration, Association of Flight, Politico, Association of Locations: Cancun
The severity of Quebec’s fire season up to the end of July was also made 50% more intense by climate change, according to the report. French firefighters try to extinguish wildfires at Lac Larouche in Quebec, Canada, on June 28, 2023. It is by far the worst wildfire season Canada has ever experienced, and there are still more than two months left to go. They then used climate models to understand the role climate change played. Climate change also made the peak fire weather in Quebec during the same period at least twice as likely and 20% more intense, according to the report.
Persons: Friederike Otto, It’s, , Clair Barnes, Emma UIISC7, David Dee Delgado, , James MacDonald, Kira Hoffman, ” Hoffman, Michael Flannigan, Otto Organizations: CNN, WWA, Grantham Institute, Anadolu Agency, Getty, Canada, Bloomberg, University of British, Research, , Predictive Services, Emergency Management, Thompson Rivers University Locations: Canada, Quebec, Illinois, Canadian, Western Europe, Bronx, New York City, Northwest Territories, Yellowknife, British Columbia, Cameron, Port Alberni , British Columbia, University of British Columbia
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Persons: Dow Jones, c81690a9 Locations: ukraine
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/bacardis-russia-business-grows-as-other-booze-makers-leave-country-6060993f
Persons: Dow Jones Locations: russia
Nigerian producer pumps out AI-powered Afrobeats
  + stars: | 2023-08-08 | by ( Vining Ogu | ) www.reuters.com   time to read: +2 min
LAGOS, Aug 8 (Reuters) - When artificial intelligence (AI) apps started spreading in Nigeria's music industry, Eclipse Nkasi thought his days as a producer were numbered. It gives people a new experience ... and that's how I believe AI is really going to shake things," Nkasi told Reuters. Nkasi and three friends switched on OpenAI's ChatGPT programme and set it to work helping them create the nine-track album "Infinite Echoes". "There are certain things that will become obsolete" due to AI, Nkasi said. But it should also create opportunities for artists to reinvent themselves and do their work better and quicker, he added.
Persons: Nkasi, Omotolani Alake, MacDonald Dzirutwe, Andrew Heavens Organizations: Reuters, Thomson Locations: LAGOS, Lagos
Opinion | My Hope for American Discourse
  + stars: | 2023-08-06 | by ( Tish Harrison Warren | ) www.nytimes.com   time to read: +3 min
Dealing with them is a privilege and a joy, but habitually dealing with the outside of them is inherently dangerous. The “outsides” of holy things, to me, describes the difference between speaking about divine or sacred things and encountering the divine or the sacred directly. To be sure, we need more and better religious discourse in America. In my very first newsletter for The Times, I wrote that “we need to start talking about God,” and I still believe that. Constant connectivity empties us out, as individuals and as a society, making us shallower thinkers and more impatient with others.
Persons: Thomas Wingfold, George MacDonald, I’ve, Nikolai Berdyaev Organizations: Scottish, The Times, Social Locations: America, Russian
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