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☆ WhatsApp clampdown highlights video call compliance threat for finance firms
▼ + stars: | 2023-10-18 | by ( Sinead Cruise | ) www.reuters.com time to read: +7 min

Video calls are broadly considered proxies for face-to-face meetings and therefore are currently subject to little or no formal record-keeping obligations. At least two major global banks are now recording Zoom calls, said sources with knowledge of the matter, who declined to be named because the information is not public. One bank is recording Zoom calls undertaken by certain staff, including traders, while the other is recording all Zoom calls so content can be reviewed later if needed. FINRA declined to comment on how many firms were subject to the rule or whether the rule also extended to video calls. Video calls pose "unique risks" and technology needed to efficiently screen video calls is not widely used, said Matt Smith, CEO of communications surveillance firm SteelEye.

Persons: Dado Ruvic, Brad Levy, Morgan, Goldman Sachs, Matthew Nunan, Gibson, Dunn, Morgan Stanley, Sarah Pritchard, Claire Garrett, Michael Watling, Seward, FINRA, Matt Smith, Ryan, Yonk, Symphony's Levy, Chris Prentice, Michelle Price, Huw Jones, Sharon Singleton Organizations: REUTERS, U.S . Securities, Exchange Commission, SEC, Finance, Reuters, U.S, EMEA, Microsoft, Britain's, Authority, HSBC, Bloomberg, U.S . Financial Industry Regulatory Authority, Employees, American Institute for Economic Research, Washington D.C, Thomson Locations: Marsh, U.S, New York, Washington, London

☆ Pfizer gets upgrade at Jefferies, which says there's a buying opportunity in the pharma giant's stock
▼ + stars: | 2023-10-16 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Jefferies thinks its time for investors to go long on Pfizer . "In our view, PFE has one of the most intriguing catalyst paths over the next yr in large cap pharma and trades ~15% below where it traded at the start of the COVID pandemic." The analyst added Pfizer has already presented "an impressive innovation framework" that has helped the company adapt to healthcare headwinds, which underpinned the bullish long-term view. "During the pandemic, Pfizer in collaboration with Biontech rolled out COVID vaccines in a historical timeframe. PFE YTD mountain Pfizer stock YTD — CNBC's Michael Bloom contributed to this report.

Persons: Jefferies, Akash Tewari, it's, Tewari, PFE, Biontech, Paxlovid, Michael Bloom Organizations: Pfizer, pharma

The exception among major commodities was copper, where imports of the unwrought metal were up in September from August, but down from the year earlier month. Copper imports were 480,426 metric tons in September, up from August's 473,330, but down 5.8% from 509,954 in September last year. For the first nine months of 2023, unwrought copper imports were down 9.5% to 3.99 million metric tons. Crude oil imports were 11.13 million barrels per day (bpd) in September, down from August's 12.4 million bpd, although it's worth noting that August was third strongest month on record. IRON ORE, COALIron ore imports dropped to 101.18 million metric tons in October, down 4.9% from August's 106.42 million, but it's worth noting that August was the strongest month since October 2020.

Persons: Aly, China's, Lincoln Organizations: REUTERS, Rights, Reuters, Thomson Locations: Port, Shanghai, China, Rights LAUNCESTON, Australia, August's

☆ Fact Check: Old video showing staged funeral unrelated to 2023 Hamas-Israel war
▼ + stars: | 2023-10-13 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

A 2020 video showing a group of young men staging a funeral procession to circumvent Jordan’s COVID-19 lockdown rules has been shared to falsely claim that Palestinians are faking funerals amidst the clash between Israel and the Islamist militant group Hamas in October 2023. The caption accompanying a Facebook post carrying the video reads, “And Winner For Best Performance Goes To...Palestinians are seen carrying a small boy's "body" that has fell victim to Israeli airstrikes. The video resurfaced online after Israel launched its fiercest air strikes ever against Gaza in retaliation to Hamas’ surprise ambush of Israel on Oct. 7. Reuters has previously addressed a misleading claim linking the same clip to May 2021 tensions between Israel and Hamas. The video of a group of young men carrying a lifeless body on a stretcher was filmed in Jordan in 2020 and is unrelated to the Hamas-Israel unrest.

Persons: Jordan’s, “, Jordan, Read Organizations: Hamas, Twitter, Israel, Reuters, Jordan’s Roya, Thomson Locations: Israel, Gaza, Dubai, Abu Dhabi, Mar, Jordan

☆ Gen Z doesn't know how to write emails. AI is coming to Outlook, so it might help.
▼ + stars: | 2023-10-13 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

A new Microsoft AI tool could make up for the soft skills that some managers say Gen Z lacks . Microsoft 365 Copilot will us AI to help users write better emails, the company says. AdvertisementAdvertisementCompanies that use Microsoft Outlook for correspondence are getting an AI-powered tool that will help draft emails beginning next month. Some managers have complained about their supposedly lazy Gen Z workers, who they need to be supervised all day to ensure they're keeping up with their tasks. ResumeBuilder.com surveyed more than 1,300 US managers in April, and most of them said that Gen Z is the "most challenging generation" to work with.

Persons: —, Copilot, ResumeBuilder.com, Cherie Gartner, there's, It's Organizations: Microsoft, Service, KPMG, Visa, General Motors, Lumen Technologies, CNN

☆ New Zealand election campaign winds down with Labour facing defeat
▼ + stars: | 2023-10-13 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

Prime Minister and Labour Party Leader Chris Hipkins speaks at the New Zealand Labour Party’s election campaign launch event in Auckland, New Zealand, September 2, 2023. However, Hipkins, 45 said Labour was starting to see momentum build in the final hours of campaigning. “We are expecting a really huge turnout ... and we’re expecting a really strong result tomorrow night," Hipkins, 45, told reporters. Polls predict that the nationalist New Zealand First Party will hold the balance of power. The party was Labour’s coalition partner in 2017 but has said it will not work with Labour again.

Persons: Chris Hipkins, David Rowland, Hipkins, Jacinda Ardern, we’re, Christopher Luxon, you've, ” Luxon, walkabouts, ”, Kelly Eckhold, Lucy Craymer, Stephen Coates Organizations: Labour Party, New Zealand Labour, REUTERS, Rights, Zealand, Labour, ACT Party, New Zealand First Party, National Party, MMP, Zealanders, “, Westpac, Thomson Locations: Auckland , New Zealand, Hipkins

☆ New Zealand National Party's Luxon to lead new government
▼ + stars: | 2023-10-13 | by ( Lucy Craymer | ) www.reuters.com time to read: +3 min

[1/4] Christopher Luxon, Leader of the National Party waves to supporters at his election party after winning the general election to become New Zealand’s next prime minister in Auckland, New Zealand, October 14, 2023. REUTERS/David Rowland Acquire Licensing RightsWELLINGTON, Oct 14 (Reuters) - New Zealand's centre-right National Party led by Christopher Luxon will form a new government with its preferred coalition party ACT, as Prime Minister Chris Hipkins conceded his Labour Party could not form a government after Saturday's general election. The National Party, now in opposition, had 39% of the votes with 92% counted, while the ACT party had 9%. "On the numbers tonight National will be in the position to lead the next government," Luxon, a former executive who once ran Air New Zealand and entered politics just three years ago, told supporters in Auckland. The National-ACT majority is slim and the two parties may need support from the populist New Zealand First Party to form a government.

Persons: Christopher Luxon, David Rowland, Chris Hipkins, Ben Thomas, Jacinda Ardern, Hipkins, Maori's, Gareth Hughes, Nanaia Mahuta, Lucy Craymer, Edmund Klamann Organizations: National Party, New, REUTERS, Rights, ACT, Labour Party, Electoral, Air New, National, Zealanders, Labour, New Zealand First Party, Coalition, Green Party, New Zealand, Thomson Locations: Auckland , New Zealand, Air New Zealand, Auckland, New Zealand, New Zealanders

CNN —Target is closing nine stores in four metropolitan areas: the San Francisco Bay Area, Portland, Seattle, and New York. Here are four charts showing what retailers are facing in those areas where Target is closing stores. The six counties where Target is closing stores saw exoduses in high earners larger than the average for similar counties. Census data also shows that the six counties where Target is closing stores had a higher percentage of remote workers compared to their states as a whole. In the markets where Target is closing stores, the shortages persist.

Persons: it’s, David Johnston, Connor O’Brien, ”, O’Brien, ” O’Brien, Johnston Organizations: CNN, Coresight Research, National Retail Federation, Economic, Group, McKinsey, Department of Commerce, of, Labor Locations: San Francisco Bay Area, Portland, Seattle, New York, it’s, O’Brien

LAS VEGAS (AP) — A’ja Wilson scored 26 points, grabbed 15 rebounds and the Las Vegas Aces routed the New York Liberty 104-76 on Wednesday night to take a 2-0 series lead in the WNBA Finals. She's the third player in WNBA Finals history to have at least 25 points and 15 rebounds in a game. Las Vegas hit seven of its first nine shots - a blistering 77.8% clip - including four 3-pointers. Las Vegas set a new record for most points in the first quarter of a WNBA Finals. The Aces outscored the Liberty 28-13 in the third quarter, with 20 points coming from Wilson and Young.

Persons: — A’ja Wilson, Wilson, ” Wilson, Chelsea Gray, Jackie Young, Kelsey Plum, Jonquel Jones, Breanna Stewart, Betnijah Laney, Sabrina Ionescu, ” Gray, “, Jones, Young, Liberty couldn't Organizations: LAS VEGAS, Las Vegas Aces, New York Liberty, WNBA, Aces, Angeles Sparks, Liberty, New, Vegas, ___ AP Locations: New York, York

☆ Apple enforces new check on apps in China as Beijing tightens oversight
▼ + stars: | 2023-10-03 | by ( Josh Ye | ) www.reuters.com time to read: +3 min

People line up while waiting at an Apple Store as Apple's new iPhone 15 officially goes on sale across China, in Shanghai, China September 22, 2023. Apple began last Friday requiring app developers to submit the "internet content provider (ICP) filing" when they publish new apps on its App Store, it said on its website for developers. Chinese regulators last week released names of the first batch of mobile app stores that have completed app filings, but Apple's App Store was not among those on the list. In a post on X, Jinyu Meng, an independent developer, said, "If my apps can't be launched in China without app filing, I will take down my apps [there]." Under the new rule, apps without proper filings will be punished after the grace period that will end in March next year, while newly developed apps need to comply with the rule from September.

Persons: Aly, Apple, Rich Bishop, AppInChina, Jinyu Meng, Josh Ye, Miyoung Kim, Jamie Freed Organizations: Apple, REUTERS, Tencent, HK, Huawei, Twitter, COVID, Reuters, Thomson Locations: China, Shanghai, HONG KONG, U.S, Americas, Europe, Beijing

☆ Exclusive: BNP Paribas to track UK staff to enforce office attendance
▼ + stars: | 2023-09-28 | by ( Sinead Cruise | ) www.reuters.com time to read: +3 min

LONDON, Sept 28 (Reuters) - BNP Paribas (BNPP.PA) has told London-based staff it will track their entry-gate swipes against logins to the bank's computer network to ensure employees meet targets for working from the office, a staff memo seen by Reuters shows. BNP employs more 4,500 people in Britain, with London regarded as its "second headquarters" after Paris, according to its website. BNP's memo, presented in the format of a Q&A, said staff would not be able to opt out of the tracking. The bank's USA & Canada divisions have also updated their policy to include "visibility into in-office presence of staff monitoring". While it sympathised with staff whose commutes were impeded by adverse weather or industrial action affecting London's public transport systems, the memo advised staff those days would still count as "in office" working days.

Persons: logins, Sinead Cruise, Barbara Lewis Organizations: BNP, Reuters, London, JPMorgan, Canada, Staff, Thomson Locations: London, Britain, Paris, COVID

☆ IMF sees signs China stabilizing, says reforms can boost medium-term growth
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +2 min

The Fund sees China's GDP growth slowing to about 3.5% over the medium term, but this can be accelerated with economic reforms, she added. Some analysts see growing risk that China will drift into an era of Japan-like stagnation with an aging population and slowing productivity growth. "We expect that China's growth will slow to around 3-1/2 percent against the backdrop of demographic headwinds and slowing productivity growth," Kozack said. "But we also think that higher growth over the medium term is within reach for China. China should seize the opportunity to rebalance its economy through short-term macroeconomic policy support and medium term reforms."

Persons: Julie Kozack, Kozack, David Lawder, David Gregorio Our Organizations: Monetary Fund, IMF, Bank, Thomson Locations: China, Marrakech, Morocco, COVID, Japan, Beijing

☆ China's economic situation isn't as dire as it seems, and policymakers in Beijing were just expecting too much, economist says
▼ + stars: | 2023-09-25 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

China's economy isn't doing as bad as it seems, according to economist Nancy Qian. But Beijing has been disappointed due to outsized expectations for economic growth. Though it's weighed down by a bloated property sector and looming demographic problems, China's economic growth actually clocked in at 6.3% year-over-year over the second quarter, according to the Organization for Economic Cooperation and Development. That's the second-highest projected growth rate among countries tracked by the OECD, with the US, by comparison, slated to grow just 2.2% this year. AdvertisementAdvertisement"But is China's economy really in dire straits?

Persons: Nancy Qian, it's, That's, Qian Organizations: Service, Organization for Economic Cooperation, Development, OECD, Northwestern University, Northwester's, Research Lab, China Econ, Syndicate, Japan Locations: Beijing, Wall, Silicon, China, Italy, Spain, Sweden

[1/4] Couples prepare to get their photo taken during a wedding photography shoot on a street, in Shanghai, China September 6, 2023. "The traditional Chinese wedding industry is probably in for tough times." "People are more inclined to go for a simple and niche wedding," said Chen, adding that a decade ago, it was common for couples to spend millions of yuan. 'NICHE, NICHE, NICHE'The economic downturn has hit the middle class, and the youth, the hardest, resulting in high jobless rates and low household spending. Our strategy has been to stay niche, niche, niche," said Wang.

Persons: Aly, Yuan Jialiang, Ben Cavender, Frank Chen, Chen Feng, Chen, Chow Tai Fook, It's, Xueyi, Jewel Wang, Vera Wang, Wang, Oscar de la, Carolina Herrera, Casey Hall, Xihao Jiang, Farah, Marius Zaharia Organizations: REUTERS, Rights, China Market Research, Daxue Consulting, COVID, Jewellery, HK, Thomson Locations: Shanghai, China, Rights SHANGHAI, HONG KONG, Xi'an, Hong Kong

The financial services trade group said in a report that global debt in dollar terms had risen by $10 trillion in the first half of 2023 and by $100 trillion over the past decade. It said the latest increase has lifted the global debt-to-GDP ratio for a second straight quarter to 336%. Prior to 2023, the debt ratio had been declining for seven quarters. Slower growth, alongside a deceleration in price increases, were behind the debt ratio rise, the report said. "As higher rates and higher debt levels push government interest expenses higher, domestic debt strains are set to increase," the IIF said.

Persons: Florence Lo, Rodrigo Campos, Karin Strohecker, Alexander Smith Organizations: U.S, REUTERS, Institute of International Finance, Reuters, Federal, Thomson Locations: United States, Japan, Britain, France, China, India, Brazil, Korea, Thailand, U.S

☆ Post-Pandemic Dressing Finally Takes Shape
▼ + stars: | 2023-09-14 | by ( Vanessa Friedman | More About Vanessa Friedman | ) www.nytimes.com time to read: +1 min

The world was different; we were different. Staring into your closet was like staring into a foreign land. Then there were predictions that the Roaring ’20s would return in all their glittering, befeathered glamour. Then everyone threw up their hands and said, “It’s a mess!”So was fashion, and that’s pretty much where things stood. But as the New York shows drew to a close this week, a different answer emerged: a hybrid look for a hybrid world.

Persons: we’ve, “ Organizations: New York Locations: Ukraine, New

☆ Suspected fraud flagged on UK COVID-19 loans jumps 43%
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +1 min

The latest figures from the Department for Business and Trade showed the level of suspected fraud as of June 30. The figure was up from the previous level of 1.18 billion pounds flagged at the end of March. Identified fraud levels have ticked up as banks look into further COVID-19 loans as they fall due. The figures show the government has paid out 7.39 billion pounds to lenders to date under the guarantees, while 17 billion pounds has been fully repaid by borrowers. Nearly 31 billion pounds' worth of loans are outstanding from borrowers still making payments on time, the data shows.

Persons: Britain's, Toby Melville, Banks, Iain Withers, Angus MacSwan Organizations: REUTERS, Department for Business, Trade, Thomson Locations: London, Britain, COVID

☆ London police apologise and pay compensation to women held at vigil
▼ + stars: | 2023-09-13 | by ( Michael Holden | ) www.reuters.com time to read: +3 min

Police detain Patsy Stevenson as people gather at a memorial site in London's Clapham Common park following the kidnap-murder of Sarah Everard, in London, Britain, March 13, 2021. REUTERS/Hannah McKay/File Photo Acquire Licensing RightsLONDON, Sept 14 (Reuters) - London's police force has apologised and paid "substantial damages" to two women detained at a vigil held in memory of Sarah Everard who was raped and murdered by a serving officer, their lawyers said on Thursday. Bindmans, the law firm who represented women, said in a statement the Metropolitan Police had now settled civil claims brought by the women, paying them damages and issuing an apology. A spokesperson for the Metropolitan Police said the vigil had taken place in extraordinary circumstances and its officers had acted in good faith. An independent watchdog report weeks after the vigil concluded police had acted appropriately.

Persons: Patsy Stevenson, Sarah Everard, Hannah McKay, Everard, Wayne Couzens, Dania Al, Stevenson, It’s, Cressida Dick, Couzens, Michael Holden, Diane Craft Organizations: REUTERS, Clapham, Metropolitan Police, Thomson Locations: London's Clapham, London, Britain

☆ Reds pull out 10-inning victory over Tigers
▼ + stars: | 2023-09-13 | by ( Field Level Media | ) www.reuters.com time to read: +3 min

[1/46] Sep 12, 2023; Detroit, Michigan, USA; Cincinnati Reds left fielder Will Benson (30) waits his turn in the batting cage before a MLB game against the Detroit Tigers at Comerica Park. Alexis Diaz (9-4) picked up the win with a scoreless inning of relief for the Reds (75-71). He walked two and struck out four as the Reds posted their second consecutive win. Andy Ibanez homered and drove in two runs for the Tigers (66-78), who had won three of their previous four games. In the bottom of the inning, Detroit automatic runner Ibanez moved up to third on Spencer Torkelson's leadoff flyout before getting erased at the plate on Akil Baddoo's fielder's-choice grounder.

Persons: Will Benson, David Reginek, Tyler Stephenson, Jonathan India, Harrison Bader, Alexis Diaz, Buck Farmer, Brandon Williamson, Andy Ibanez, Kerry Carpenter, Joey Wentz, Stephenson, Alex Lange, Noelvi Marte, Nick Martini, Lange, Ibanez, Spencer Torkelson's, Farmer, Carpenter, Jake Rogers, Miguel Cabrera, Zack Short, Elly De La Cruz, TJ Friedl's, De, Joey Votto, De La Cruz, Bader, Matt Vierling, Fernando Cruz, Parker Meadows, groundout Organizations: Cincinnati Reds, MLB, Detroit Tigers, Comerica Park, Reds, Cincinnati, Tigers, Detroit, The Reds, Ibanez, Thomson Locations: Detroit , Michigan, USA, Noelvi, Stephenson, India, De La Cruz

Is there an election coming up by any chance?”While some individual schools and colleges have implemented temporary mask requirements, there is no sign that anyone in federal or state leadership is considering widespread COVID-19 restrictions, requirements or mask mandates. “No COVID-19 public health restrictions or mask requirements are being considered by the Murphy administration," said Christi Peace, spokesperson for New Jersey Gov. It was largely the same message from Democratic governors’ offices in several other states that responded to an inquiry about whether any COVID-19 mandates were under consideration. “Currently, COVID-19 lockdowns and mask mandates are not being discussed and the governor has no plans to institute these measures,” she said. Reinstated mask requirements across the country have so far been limited to a handful of local schools and businesses.

Persons: It's, Ron DeSantis, ”, Carolina Sen, Tim Scott, Donald Trump, Biden, ” Trump, Murphy, Phil Murphy, Jodi McGinnis Porter, Josh Shapiro, Kathy Hochul, Elisabeth Shephard, Tina Kotek, “, Alex Jones, Lauren Boebert, Marjorie Taylor Greene, Joe Biden’s, ” Biden, they’ve, Sen, J.D, Vance of, Democratic Sen, Ed Markey, Greene, Lisa Fazio, Tate Reeves, Nicky Forster, Joey Cappelletti, Mike Catalini, Jill Colvin, John Hanna, Maysoon Khan, Seung Min Kim, Steve LeBlanc, Morgan Lee, Marc Levy, Lisa Mascaro, Andrew Selsky Organizations: Florida Gov, Republicans, New Jersey Gov, New, New Mexico Department of Public Health, Oregon . Pennsylvania, Democrat, Democratic, New York Gov, TSA, Transportation Security, U.S . Centers for Disease Control, Prevention, Republican, Morris Brown College, CDC, White House, Massachusetts, Vanderbilt University, Press, Associated Press, AP Locations: ”, Carolina, Rapid City , South Dakota, New Mexico, Kansas , Massachusetts, Michigan, Oregon, California, New York, COVID, Colorado, Atlanta, Georgia, South Lake, Maryland, Vance of Ohio, Mississippi

WestRock stockholders will get one share in the new company, called Smurfit WestRock, and $5 in cash for each share they hold, which works out to $43.51 per share, the companies said in a statement. Smurfit Kappa shareholders will receive one new Smurfit WestRock share for each share they hold. That could make the deal more than 20% accretive to Smurfit Kappa's earnings per share, the statement added. Smurfit WestRock will be domiciled in low tax Ireland with its global headquarters in Dublin. Smurfit Kappa will de-list from Euronext Dublin, the latest blow for the Irish bourse as building materials giant CRH prepares to leave later this month.

Persons: WestRock, JP Morgan, Jefferies, Tony Smurfit, Ken Bowles, Irial Finan, Smurfit, Yadarisa, Padraic Halpin, Louise Heavens, Jason Neely Organizations: Kappa, Europe's, JP, Smurfit, Smurfit Kappa, London Stock Exchange, Irish bourse, Thomson Locations: DUBLIN, COVID, South, Central, North America, Europe, Ireland, Dublin, New York, Bengaluru

☆ Van Gogh painting stolen from Dutch museum during pandemic is recovered
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +1 min

The Singer Laren Museum, where the work of art "Spring Garden" by Vincent Van Gogh was stolen, is seen closed to the public because of the coronavirus disease (COVID-19) outbreak, in Laren, Netherlands March 30, 2020. REUTERS/Piroschka Van De Wouw/File Photo Acquire Licensing RightsAMSTERDAM, Sept 12 (Reuters) - A painting by Vincent Van Gogh that was stolen from a small Dutch museum in 2020 during a COVID-19 lockdown has been recovered, the institution which owns the artwork, said on Tuesday. The painting, which dates from 1884, was stolen from the Museum Singer Laren, east of Amsterdam, where it was on loan for an exhibition. At the time, Dutch police released security footage showing the moment thieves broke into Singer Laren Museum on March 30, smashing glass doors, to steal the painting. "The painting has suffered but - at first sight - it is in good shape," the Groninger Museum said, adding it was now at theAmsterdam Van Gogh Museum and it would take weeks or months before it would be returned.

Persons: Vincent Van Gogh, Van De, Museum Singer Laren, Van Gogh's, Arthur Brand, Benoit Van Overstraeten, Alexandra Hudson Organizations: Laren Museum, REUTERS, Rights, Groninger, Museum Singer, Singer Laren Museum, Amsterdam Van Gogh, Police, Alexandra Hudson Our, Thomson Locations: Laren , Netherlands, Amsterdam, Nuenen, Amsterdam Van, Dutch

Shivon Zilis was pictured alongside Elon Musk and their twins for the first time on Wednesday. Insider first reported that Musk quietly fathered twins with Zilis, a director at Neuralink, in 2021. AdvertisementAdvertisementGrimes, whose legal name is Claire Boucher, said on X that communication about Zilis' twins "wasn't handled super well." Last week, in a since-deleted post on X Grimes accused Zilis of blocking her on social media. The Neuralink director has also taken to posting about her children in recent months.

Persons: Shivon Zilis, Elon Musk, Musk, Zilis, Elon Musk's, Walter Isaacson, —, Isaacson, Musk wasn't, Justine, Grimes, He's, he's, Tesla, Justin Sullivan, Ray Kurzweil, I've, Sam Altman, OpenAI's, Jonathan Raa, Neuralink, Lorena Gonzalez Fletcher, ck Elon Musk, Gonzalez, Austin Zilis, Claire Boucher, wasn't, Musk's, X Grimes, Tau, ftw Organizations: Service, Yale University, Yale, IBM, Bloomberg Beta, Forbes, Canadian, Conference, Neuralink, Getty, Food and Drug Administration, California, Twitter, SpaceX Locations: Zilis, Wall, Silicon, Austin, Ontario, Canada, Markham , Ontario, California, Texas, Boca Chica, South Texas

Inditex shares have risen around 64% over the past 12 months as the world's biggest clothing retailer successfully passed cost increases on to shoppers and reported record profit margins. But after several U.S. retailers including Macy's and Foot Locker warned of weak consumer spending, fears of an economic slowdown have come back into focus. "I think companies will be more disciplined and will reduce pricing where they think they can gain volumes," said Fabio Di Giansante, portfolio manager at Amundi, which holds shares in Inditex. In the six months to July last year, Inditex's sales increased by 25% and profits climbed by 41% - but that was in comparison with a period marked by COVID-19 lockdowns around the world. According to Bernstein analysts, Inditex's key rival H&M (HMb.ST), set to report third-quarter sales on Friday, has pushed through more price increases than peers over the past year.

Persons: Inditex, Locker, Inditex's, Fabio Di Giansante, Geoffroy De Mendez, De Mendez, Bershka, Massimo Dutti, Bernstein, Amundi's Di Giansante, Helen Reid, Corina Pons, Emelia Sithole Organizations: Macy's, Inditex . Bank of America, Thomson Locations: MADRID, Zara, Amundi, Inditex ., U.S, London, Madrid

☆ Finland's Ex-PM Marin to Join Blair Think Tank, Leave Parliament
▼ + stars: | 2023-09-07 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +1 min

HELSINKI (Reuters) - Finland's former Prime Minister Sanna Marin, who narrowly lost an election in April and stepped down from the leadership of her party last week, plans to leave parliament and join the Tony Blair Institute for Global Change, she said on Thursday. Based on her new position, Marin is formally asking permission to resign from parliament, her centre-left Social Democrats party said. The London-based policy think tank is led by former British Prime Minister Tony Blair. "I feel that this assignment is such that it will benefit the whole of Finland as well," Marin told reporters. Marin was the world's youngest prime minister when she took office in 2019 aged 34, attracting attention around the globe and helping lift Finland's profile at a turbulent time.

Persons: Sanna Marin, Tony Blair, Marin, Anne Kauranen, Terje Solsvik, Frances Kerry Organizations: Tony, Tony Blair Institute for Global, Social, British, NATO Locations: HELSINKI, London, Finland, COVID, Ukraine

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