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[1/3] A general view shows Marathon Petroleum's refinery, following Russia's invasion of Ukraine, in Anacortes, Washington, U.S., March 9, 2022. Higher carbon taxes - including levies on emissions from the maritime and aviation sectors - should be among options COP28 studies, the panel recommended. Subsidies for fossil fuels totalled $1.3 trillion, and substantially more if counting the societal cost of dealing with emissions and pollution. Co-chair Nicholas Stern, professor at LSE/Grantham Research Institute, said there was a compelling case for energy companies to make voluntary contributions. "I think that moral obligation is something that will be emphasised at COP28, and indeed before and after," he said.
Persons: David Ryder, Amar Bhattacharya, Vera Songwe, Nicholas Stern, Mark John, Barbara Lewis Organizations: REUTERS, Summit, United Arab, Brookings, Center, Sustainable Development, Investments, World Bank, LSE, Grantham Research Institute, Aviation, Thomson Locations: Ukraine, Anacortes , Washington , U.S, Dubai, United Arab Emirates, Paris, COP28, China
BRUSSELS (Reuters) - A deputy head of the European Union executive said on Tuesday she would find "unacceptable" any talks about the war in Ukraine that would not include Kyiv or envisage the country giving up territory. The European Commission's vice-president Vera Jourova also said she would be "disappointed" if a Dec.14-15 summit of EU leaders refused to endorse proposals for more financial aid to Kyiv and a recommendation to launch accession talks with Ukraine. The Czech EU Commissioner who worked on her own country's EU entry nearly 20 years ago offered Kyiv a sympathetic ear recalling how difficult it was to meet European accession requirements. She said that, under President Volodymyr Zelenskiy, Ukraine was finally ready to overcome endemic corruption. She said that unanimous backing of all the 27 EU countries would be needed to enact it.
Persons: Vera Jourova, Volodymyr Zelenskiy, Viktor Orban, Gabriela Baczynska Organizations: European Union, Ukraine, Czech EU, EU, Kyiv Locations: BRUSSELS, Ukraine, Kyiv, Czech, Hungary
[1/2] International Monetary Fund Managing Director Kristalina Georgieva addresses the media on the fourth day of the annual meeting of the IMF and the World Bank, in Marrakech, Morocco, October 12, 2023. "So that is to my mind the number one priority for this COP, is to recognise that business as usual has to be dropped." Several countries were also considering using their 2021 SDR allocation on a bilateral basis alongside IMF programmes, she added. While the current average price was now around $5 a ton, "clearly there is a long, long, long way to go", she said, citing a preference for carbon taxes but openness to trading systems, as seen in Europe, or U.S.-style standards and rebates. This is ongoing work at the fund," she said, citing ongoing talks with the World Bank on how it would work.
Persons: Kristalina Georgieva, Susana Vera, Georgieva, it's, Andrea Shalal, Marc Jones, David Lawder, Alex Richardson Organizations: Monetary Fund, IMF, World Bank, REUTERS, International Monetary Fund, Reuters, Growth Trust, Sustainability Trust, African Development Bank, Inter, American Development Bank, Thomson Locations: Marrakech, Morocco, Dubai, Paris, Europe
Dutch far-right politician and leader of the PVV party Geert Wilders reacts as he meets the press as Dutch parties' lead candidates meet for the first time after elections, in which far-right politician Geert Wilders booked major gains, to begin coalition talks in The Hague, Netherlands, November 24, 2023. The appointment of Ronald Plasterk, a former Labour party minister, as "scout" to explore possibilities followed a chaotic week in which outgoing Prime Minister Mark Rutte's conservative VVD party ruled out joining a government led by Wilders - narrowing the options for the election winner. Wilders' PVV was the clear winner in the Nov. 22 election, but with just 24% of the vote it needs support from more moderate parties in order to form a government. Wilders' first pick as scout had to resign before his first meeting after reports he was fighting a fraud charge. The Labour/GreenLeft combination, which was the runner-up in the election, has ruled out working with Wilders in any way.
Persons: Geert Wilders, Ronald Plasterk, Mark Rutte's, Wilders, PVV, Vera Bergkamp, Plasterk, Dilan Yesilogz, Pieter Omtzigt, Bart Meijer, Frances Kerry Organizations: REUTERS, Labour, Freedom Party, GreenLeft, Thomson Locations: The Hague, Netherlands, AMSTERDAM
People who claimed the power to control nature and the energy resources around them saw the environment as a tool to be used for progress, historians say. Over hundreds of years, that impulse has remade the planet's climate, too — and brought its inhabitants to the brink of catastrophe. Tapping nature for its resources drove progress and productivity for some, but it's also been a major driver of emissions and environmental degradation. By the mid-19th century, steam power was adopted in manufacturing, cotton mills, steam ships and locomotives around the world, turning coal into a global trade. Centuries later, the United Kingdom has nearly weaned itself off coal, with weeks or months at a stretch where the national grid gets no coal power.
Persons: , Luis Zambrano, it's, Anya Zilberstein, ” Zilberstein, Vera S, Candiani, Jan Golinski, , ” Golinski, Deborah Coen, Andreas Malm, Barak, it’s, J.R, McNeill, ” McNeill, Victor Seow, Elizabeth Chatterjee, “ Indira Gandhi, Chatterjee, Joshua Howe, Howe, Yale's Coen, , ” Howe, Fredrik Albritton Jonsson, Jonsson Organizations: National University Autónoma, Concordia University, Mexico City —, America, Princeton, University of New, Yale, Lund University, Tel Aviv University, Laboratory, Global, Project, Energy, Georgetown University, Communist, University of Chicago, Reed College, . Environmental Protection Agency, U.S, AP Locations: Nations, Mexico, Lake Texcoco, Montreal, Spanish, University of New Hampshire, Maui, Britain, Sweden, , India, Egypt, Nigeria, Ottoman Empire, United Kingdom, Cumbria, England, Wales, Scotland, China, Japan, U.S, Europe, United States, British, Portland , Oregon
Zambia's Finance Minister Situmbeko Musokotwane takes part in a panel during the annual meeting of the International Monetary Fund and the World Bank, following last month's deadly earthquake, in Marrakech, Morocco, October 14, 2023. Zambia defaulted three years ago and is trying to rework its debt under the G20 Common Framework, a programme designed to ensure swift and smooth debt overhauls for low-income nations. The first African country to default in the COVID-19 era, Zambia's debt restructuring had started with drawn-out negotiations with bilateral creditors including China. "Zambia’s debt restructuring has dragged on too long," Musokotwane said in emailed comments. Musokotwane said the country had implemented some serious reforms and committed to improving management of government finances and boosting growth.
Persons: Situmbeko Musokotwane, Susana Vera, Musokotwane, Karin Strohecker, Rachel Savage, Kim Coghill Organizations: Zambia's, International Monetary Fund, World Bank, REUTERS, Finance, Reuters, Thomson Locations: Marrakech, Morocco, Zambia, China
In the Middle of a War With No End in Sight
  + stars: | 2023-11-21 | by ( Caroline Alexander | ) www.nytimes.com   time to read: +1 min
NOVEMBER 1942: An Intimate History of the Turning Point of World War II, by Peter Englund. Translated by Peter Graves. “This is a book about November 1942,” the Swedish economist and historian Peter Englund explains in his introductory note to the reader, “the month that marked the turning point of the Second World War.” November 1942 was the month that brought the Allies hard-fought victories in North Africa and inspired Churchill to say that the war had reached “the end of the beginning.”Englund’s approach to the subject is more or less the same as it was when, more than a decade ago, he used the diaries and memoirs of people who lived and survived during an earlier conflict to compose his acclaimed account, “The Beauty and the Sorrow: An Intimate History of the First World War.”“If you are wondering what I’ve added,” Englund writes, somewhat sternly, of his new book, “the answer is: nothing.” Apart from footnotes, then, all information — every detail of every day — is drawn from these records of personal experience. An “intimate history” does “not attempt to describe what the war was during these four critical weeks,” he explains, “but will try to say something about how it was.”Some of the 39 writers he has selected are well-known figures — Albert Camus; the Soviet journalist Vasily Grossman; the Australian surgeon captured by Japanese forces, Edward “Weary” Dunlop; the English pacifist and nurse Vera Brittain; the British war poet and tank driver Keith Douglas — but most are relatively obscure.
Persons: Peter Englund, Peter Graves, Churchill, , ” Englund, , — Albert Camus, Vasily Grossman, Edward “ Weary ” Dunlop, Vera Brittain, Keith Douglas — Locations: Swedish, North Africa, Soviet
World Bank and kin head for a $100 bln cash call
  + stars: | 2023-11-20 | by ( Hugo Dixon | ) www.reuters.com   time to read: +7 min
World Bank President Ajay Banga arrives for a signing ceremony with Thailand to host the 2026 International Monetary Fund and the World Bank annual meetings on the last day of this year's meeting, following last month's deadly earthquake, in Marrakech, Morocco, October 15, 2023. REUTERS/Susana Vera Acquire Licensing RightsLONDON, Nov 20 (Reuters Breakingviews) - The World Bank and its fellow institutions are heading for a cash call. The World Bank and its regional peers, such as the African Development Bank and the Asian Development Bank, are well placed to help developing countries craft strategies to develop in a green way. Donald Trump may seem an unlikely supporter of the World Bank if he wins. The People’s Republic, for its part, will want to increase its stake in the World Bank as part of any capital increase.
Persons: Ajay Banga, Susana Vera, Fitch don’t, Chris Humphrey, Janet Yellen, Joe Biden, Donald Trump, There’s, David Cameron, Peter Thal Larsen, Thomas Shum Organizations: Monetary Fund, World Bank, REUTERS, Reuters, African Development Bank, Asian Development Bank, Group, FIRST, AAA, Bank, Moody’s, European Bank for Reconstruction, U.S, Thomson Locations: Thailand, Marrakech, Morocco, Washington, United States, China, Britain, Ukraine, U.S, Israel, Republic, United Kingdom, France
REUTERS/Susana Vera / File... Acquire Licensing Rights Read moreMADRID, Nov 19 (Reuters) - A Spanish military officer was arrested with a pistol at a demonstration against an amnesty law which will benefit Catalan separatists involved in a failed 2017 bid for independence, police said on Sunday. About 1,500 people took part in the demonstration, the 16th consecutive protest outside the Socialists' headquarters. El Confidencial, a Spanish news site, reported on Sunday that the officer had a private weapon that was not a pistol used for military purposes. The independence referendum was declared illegal by the courts and resulted in Spain's worst political crisis for decades. Sanchez has defended the law saying an amnesty would help to defuse tensions in Catalonia.
Persons: Catalonia's, Susana Vera, Pedro Sanchez, Sanchez, Graham Keeley, Hugh Lawson Organizations: REUTERS, Zaragoza Military Academy, Socialist, Reuters, Socialists, Spain's Socialists, Spain's Socialist, Thomson Locations: Spanish, Madrid, Spain, MADRID, El, Catalan, Basque, Catalonia
Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, addresses the media on the fourth day of the annual meeting of the IMF and the World Bank, following September's deadly earthquake, in Marrakech, Morocco, October 12, 2023. REUTERS/Susana Vera/File Photo Acquire Licensing RightsSAN FRANCISCO, Nov 17 (Reuters) - International Monetary Fund Managing Director Kristalina Georgieva told Reuters on Friday the Fund was "seriously considering" a possible augmentation of Egypt's $3 billion loan program due to economic difficulties posed by the Israel-Hamas war. Georgieva told Reuters in an interview on the sidelines of the Asia Pacific Economic Cooperation Summit that the conflict is "devastating" Gaza's population and economy and has "severe impacts" on the West Bank's economy and is also posing difficulties for neighboring countries Egypt, Lebanon and Jordan through the loss of tourism and higher energy costs. Reporting by David Lawder Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.
Persons: Kristalina, Susana Vera, Kristalina Georgieva, Georgieva, David Lawder, Chris Reese Organizations: International Monetary Fund, IMF, World Bank, REUTERS, FRANCISCO, Monetary Fund, Reuters, Asia Pacific Economic Cooperation, Thomson Locations: Marrakech, Morocco, Israel, Egypt, Lebanon, Jordan
The amnesty will cover about 400 people involved in the independence bid that came to a head in 2017, including separatists but also police involved in clashes with activists. The independence referendum was declared illegal by the courts and resulted in Spain's worst political crisis for decades. The amnesty will be the largest in Spain since the 1977 blanket amnesty for crimes committed during the Francisco Franco dictatorship, and the first amnesty law approved in the European Union since 1991, according to Spain's CSIC research council. Protesters, including neo-Nazi groups, have held rowdy demonstrations outside the Socialist headquarters in Madrid for 15 nights consecutively since the deal was announced. In a survey by Metroscopia in mid-September, around 70% of respondents - 59% of them Socialist supporters – said they were against the idea of an amnesty.
Persons: Catalonia's, Pedro Sanchez, Sanchez, Alberto Nunez Feijoo, Santiago Abascal, Francisco Franco, Metroscopia, , Graham Keeley, Susana Vera, Raul Cadenas, Silvio Castellanos, Clelia Oziel, Mike Harrison Organizations: Spain's Socialists, Spain's Socialist, Authorities, People's Party, Vox, European Union, Socialist, Thomson Locations: Madrid, Spain, MADRID, Catalan, Basque, Catalonia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market 'got ahead of themselves somewhat' with latest rally: StoneX's Kathryn Rooney VeraKathryn Rooney Vera, StoneX chief market strategist, joins 'Squawk Box' to discuss the latest market trends, the Fed's inflation fight, whether a soft landing is achievable, and more.
Persons: StoneX's Kathryn Rooney Vera Kathryn Rooney Vera
Japanese Finance Minister Shunichi Suzuki arrives for a news conference during the annual meeting of the International Monetary Fund and the World Bank in Marrakech, Morocco, October 13, 2023. REUTERS/Susana Vera/File Photo Acquire Licensing RightsTOKYO, Nov 14 (Reuters) - Japanese Finance Minister Shunichi Suzuki said on Tuesday that the government would take all possible steps necessary to respond to currency moves, repeating his usual mantra that excessive swings were undesirable. Suzuki made the remarks when asked about impacts from the weak yen on households which have been pressured by rising living costs due to higher import prices for fuel and food. "What's important is to maximise positive effects from the weak yen while mitigating negatives," Suzuki told reporters. Japan last intervened in the currency market - selling dollars and buying yen - in October last year.
Persons: Shunichi Suzuki, Susana Vera, Suzuki, Shinichi Uchida, Tetsushi Kajimoto, Kaori Kaneko, Satoshi Sugiyama, Chang, Ran Kim Organizations: International Monetary Fund, World Bank, REUTERS, Rights, Japanese Finance, Bank, Bank of, Thomson Locations: Marrakech, Morocco, Japan, U.S
Risk of volcanic eruption in Iceland remains high
  + stars: | 2023-11-13 | by ( ) www.reuters.com   time to read: +3 min
COPENHAGEN, Nov 13 (Reuters) - Seismic activity in southwestern Iceland decreased in size and intensity on Monday, but the risk of a volcanic eruption remained significant, authorities said, after earthquakes and evidence of magma spreading underground in recent weeks. Thorvaldur Thordarson, professor in vulcanology at the University of Iceland, said most recent data indicated a smaller risk of an eruption in the area around the town of Grindavik. [1/5]A view of cracks, emerged on a road due to volcanic activity, near Grindavik, Iceland November 13, 2023. Volcanic activity in the area continued for six months that year, prompting thousands of Icelanders and tourists to visit the scene. In August 2022, a three-week eruption happened in the same area, followed by another in July of this year.
Persons: Matthew James Roberts, Thorvaldur Thordarson, Grindavik, Hans Vera, Vera, It's, Louise Rasmussen, Tom Little, Jacob Gronholt, Pedersen, Johannes Birkebaek, Ilze, Essi, Alex Richardson Organizations: Icelandic Meteorological, University of, Administration, Facebook, REUTERS Acquire, Thomson Locations: COPENHAGEN, Iceland, Reykjavik, vulcanology, University of Iceland, Grindavik, Belgian, Copenhagen, Stockholm, Helsinki
REUTERS/Susana Vera/File photo Acquire Licensing RightsMADRID, Nov 13 (Reuters) - Spain's acting Prime Minister Pedro Sanchez will seek to clinch a new term in a parliamentary vote on Thursday, the lower house speaker Francina Armengol said on Monday. The vote will follow a parliamentary debate scheduled to start at noon local time (1100 GMT) on Wednesday, she told reporters. Sanchez looks assured of winning a new term with an absolute majority of the 350-member assembly. After an inconclusive election on July 23, Sanchez's Socialist Party spent weeks negotiating with smaller parties, most of which had supported him in 2020 for his previous term. Reporting by Inti Landauro; Editing by David Latona and Andrew CawthorneOur Standards: The Thomson Reuters Trust Principles.
Persons: Pedro Sanchez, Andoni Ortuzar, Susana Vera, Francina Armengol, Sanchez, UPN's, Inti Landauro, David Latona, Andrew Cawthorne Organizations: Basque Nationalist Party, REUTERS, Rights, Junts, ERC, Sanchez's Socialist Party, Bildu, Canary Coalition, Thomson Locations: Madrid, Spain, Rights MADRID, Catalan, Basque, Navarre
Germany set to double Ukraine military aid
  + stars: | 2023-11-12 | by ( ) www.reuters.com   time to read: +2 min
German Chancellor Olaf Scholz delivers a speech on the day of the opening of an electrolysis gigafactory in Berlin, Germany November 8, 2023. REUTERS/Annegret Hilse/File Photo Acquire Licensing RightsFRANKFURT, Nov 11 (Reuters) - German chancellor Olaf Scholz's governing coalition has agreed in principle to double the country's military aid for Ukraine next year to 8 billion euros ($8.5 billion), a political source in Berlin said on Sunday. Defence minister Boris Pistorius, interviewed by broadcaster ARD, referred to the planned doubling of military aid to Ukraine. "Doubling the military spending is both the right thing to do and important," it quoted member of parliament Andreas Schwarz, who acts as an SPD military budget official, as saying. A European Union plan to spend up to 20 billion euros ($21 billion) on military aid for Ukraine is meeting with resistance from EU countries, diplomats said this week.
Persons: Olaf Scholz, Annegret, Olaf Scholz's, Boris Pistorius, Andreas Schwarz, Gursimran Kaur, Holger Hansen, Vera Eckert, David Gregorio, Kirsten Donovan, Giles Elgood Organizations: REUTERS, Rights, Atlantic Treaty Organization, Scholz's Social Democrats, Free Democrats, Green, Bundestag, Bloomberg News, Germany's Ministry of Defence, ARD, Thomson Locations: Berlin, Germany, Ukraine, Bengaluru, Frankfurt
The headquarters of German luxury carmaker BMW is seen in Munich, Germany, August 5, 2020. BMW has contacted local supplier Managem with a range of queries and requested additional information, a spokesperson for the company told Reuters. By far the largest proportion of the world's cobalt deposits are located in the Congo, where child labour still occurs, particularly in small mines. BMW no longer sources cobalt from Congo, said the BMW spokesperson. Reporting by Christina Amann, writing by Vera Eckert, Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.
Persons: Michael Dalder, Managem, Christina Amann, Vera Eckert, Hugh Lawson Organizations: BMW, REUTERS, Bayerische Motoren, FRANKFURT, Reuters, Managem, Daily, Sueddeutsche Zeitung, NDR, WDR, Thomson Locations: Munich, Germany, Moroccan, Morocco, Congo, Australia
A car wheel with a badge showing the logo of German tyre company Continental, pictured before the company's annual news conference in Hanover, Germany, March 7, 2019. REUTERS/Fabian Bimmer/File Photo Acquire Licensing RightsCompanies Continental AG FollowFRANKFURT, Nov 12 (Reuters) - Continental (CONG.DE) on Sunday said it is considering how to improve competitiveness of its automotive division but stopped short of commenting on a report that it could axe about 5,500 jobs worldwide. "Continental is looking into further measures to strengthen the competitiveness of its Automotive division," a spokesman said in reply to emailed questions about the report by business publication Manager Magazin. Once it has taken concrete decisions the company will publicise them internally and then inform the public, he added. Manager Magazin earlier wrote that the multinational automotive parts manufacturer could cut about 5,500 jobs in the automotive division, more than 1,100 of which would be at its 30 locations in Germany.
Persons: Fabian Bimmer, Vera Eckert, David Goodman Organizations: Continental, REUTERS, FRANKFURT, Automotive, Thomson Locations: Hanover, Germany
[1/2] German Foreign Minister Annalena Baerbock's holds a press conference in Tel Aviv, Israel November 11, 2023, in this still image taken from a video. The trip has taken Baerbock to the United Arab Emirates and Saudi Arabia. It was unclear how Israel in case of a general ceasefire would be able to defend itself, Baerbock said. The Middle East has been on edge since Hamas fighters rampaged into Israel on Oct. 7, killing 1,200 people. "I have assured my colleague Eli Cohen of Germany's unshakable solidarity with Israel," Baerbock said.
Persons: Annalena Baerbock's, Joseph Campbell, Annalena Baerbock, Eli Cohen, Baerbock, rampaged, Germany's, Vera Eckert, Christina Fincher Organizations: REUTERS, Rights, West Bank, European Union, United Arab, Reuters, Thomson Locations: Tel Aviv, Israel, Gaza, East, Brussels, United Arab Emirates, Saudi Arabia, Ramallah, West Bank . Saudi Arabia
German Chancellor Olaf Scholz looks on next to the President of the Party of European Socialists (PES) Stefan Lofven during the meeting of the Party of European Socialists in Malaga, Spain, November 11, 2023. REUTERS/Jon Nazca Acquire Licensing RightsFRANKFURT, Nov 11 (Reuters) - German Chancellor Olaf Scholz on Saturday signalled an openness to study Italy's deal to hold migrants in Albania as the European Union tries to stem illegal immigration. Scholz's briefing, of which Reuters obtained an audio file, was held on the sidelines of a congress of the Party of European Socialists (PES). Scholz had on Tuesday agreed on a tougher migration policy and new funding for refugees with the heads of Germany's 16 states. Scholz also said six western Balkan states that had been promised EU membership 20 years ago should "soon" be integrated.
Persons: Olaf Scholz, Stefan Lofven, Jon Nazca, Scholz, Andreas Rinke, Vera Eckert, Dditing, David Holmes Organizations: Party of European Socialists, REUTERS, Rights, European Union, Monday Rome, Reuters, Thomson Locations: Malaga, Spain, Albania, Moldova, Ukraine, Georgia, Israel, Gaza
Germany's Scholz backs Spain's Calvino for EIB presidency
  + stars: | 2023-11-11 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Susana Vera/ File Photo Acquire Licensing RightsFRANKFURT, Nov 11 (Reuters) - German Chancellor Olaf Scholz on Saturday backed the candidacy of Spanish acting Economy Minister Nadia Calvino for the post of president of the European Investment Bank (EIB). "I think she will be a very good president of the EIB," Scholz said in an address to a weekend congress of the Party of European Socialists (PES) in Malaga, Spain. He added that they had worked well together in the past when they headed their respective countries' finance ministries. The EIB is currently led by German Liberal Democratic Party (FDP) politician Werner Hoyer. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Nadia Calvino, Susana Vera, Olaf Scholz, Scholz, Werner Hoyer, Andreas Rinke, Vera Eckert, Kirsten Donovan Organizations: Monetary, Financial, International Monetary Fund, World Bank, REUTERS, Rights, Saturday, European Investment Bank, Party of European Socialists, European Union, Berlin, German Liberal Democratic Party, Thomson, Reuters Locations: Marrakech, Morocco, Malaga, Spain, Germany, France
FRANKFURT (Reuters) - German Foreign Minister Annalena Baerbock said on Saturday in Tel Aviv that the international community should focus on limiting the impact of military operations in Gaza on the civilian population. Saudi Arabia and other Muslim countries called on Saturday for an immediate end to military operations in Gaza, rejecting Israel's justification of its actions against Palestinians as self-defence. It was unclear how Israel in case of a general ceasefire would be able to defend itself, Baerbock said. The Middle East has been on edge since Hamas fighters rampaged into Israel on Oct. 7, killing 1,200 people. "I have assured my colleague Eli Cohen of Germany's unshakable solidarity with Israel," Baerbock said.
Persons: Annalena Baerbock, Eli Cohen, Baerbock, rampaged, Germany's, Vera Eckert, Christina Fincher Organizations: West Bank, European Union, United Arab, Reuters Locations: FRANKFURT, Tel Aviv, Gaza, East, Israel, Brussels, United Arab Emirates, Saudi Arabia, Ramallah, West Bank . Saudi Arabia
Just holding the deal together through a full four-year parliamentary term will be a tough challenge, many predict. "The next legislative term will be very tough for the PSOE, it is likely it won't finish the whole term," said Catalan political analyst Joan Esculies. Spaniards have also been called to show their ire in town square demonstrations across the country on Sunday. For Andoni Ortuzar, the Basque Nationalist Party leader who also struck a deal with the Socialists on Friday, whether the government could hold would be a test of Spain's plurality. "We are different - we consider ourselves a different nation - and the question is whether we can live together comfortably," he said.
Persons: Sanchez, Pedro Sanchez, Francisco Franco, Junts, Carles Puigdemont, Joan Esculies, Alberto Nunez Feijoo, Andoni Ortuzar, Susana Vera, Emiliano Garcia, Puigdemont, Lluis Orriols, Ortuzar, Belen Carreno, Joan Faus, Emma Pinedo, Aislinn Laing, Alex Richardson Organizations: Deal, Spain's Socialists, Socialist, PSOE, People's Party, Socialists, Basque Nationalist Party, REUTERS, Catalan Socialist, Carlos III University, Thomson Locations: MADRID, BARCELONA, Catalan, Belgium, Catalonia, Spain, Madrid, Castilla, La Mancha, Spanish, Catalunya
The firm upgraded shares of the late-stage biotech to buy from hold, lifting its price target to $26 from $18. Shares of Vera Therapeutics have fallen 37.8% this year, but analyst Farzin Haque believes the stock's recent pullback now means an attractive entry point for investors. VERA YTD mountain VERA YTD chart "W/ shares down –30% (vs XBI –13%) since Sept 21 TVTX data release, we have become more optimistic about atacicept (dual BAFF/APRIL) clin profile," Haque wrote. Atacicept, which Vera took over from Merck, is a drug that treats certain autoimmune diseases. "W/ recent increasing focus on eGFR, VERA's OLE data from ph.II for longer-term eGFR data (expected 1Q24) has now become an important catalyst for the stock," Haque said.
Persons: Vera, Jefferies, Vera Therapeutics, Farzin Haque, VERA YTD, VERA, Haque, Lupus nephritis, — CNBC's Michael Bloom Organizations: Vera, Merck Locations: ph.II
Wolfe reiterates Nvidia as outperform Wolfe said it's getting more bullish on the stock over the next several quarters. Wolfe downgrades Occidental Petroleum to peer perform from outperform Wolfe said shares of the oil company will be range bound. Bank of America downgrades FTC Solar to underperform from buy Bank of America said it was wrong about its prior buy rating on the solar stock. Bank of America downgrades CommScope to neutral from buy Bank of America trends are worsening for the tech company. Bank of America initiates Weatherford as buy Bank of America said in its initiation of the global energy company that it's seen a "remarkable turnaround."
Persons: Stephens, Henry Schein, Stifel, it's bullish, Wolfe, it's, Freyr, BTIG, FREY, William Blair, Wells, Baird, Weatherford, Girish Saligram, Gordon Haskett, Haskett, Morgan Stanley, Jefferies, Vera Organizations: Portillo's Inc, JPMorgan, Netflix, Citi, Body Works Citi, Nvidia, Wolfe Alpha, Occidental Petroleum, Bank of America, FTC, sel, RBC, EV Locations: Illumina, Occidental, Wells Fargo, Hawaii, 3Q23, U.S
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