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☆ UK inflation holds steady for September after Bank of England pauses rate hikes
▼ + stars: | 2023-10-18 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

LONDON — U.K. inflation came in at 6.7% in September, slightly ahead of expectations and unchanged from the previous month. For August, the U.K. consumer price index surprised with a dip to 6.7%, below expectations, which sparked the Bank of England to end a run of 14 straight interest rate hikes. The bank had been hiking rates consistently since December 2021 in a bid to rein in inflation, taking its main policy rate from 0.1% to a 15-year high of 5.25% in August. The market is pricing around a 77% chance that the Bank holds rates steady again at its next meeting on November 2nd. For now, the higher for longer interest rate narrative will continue to persist," he said Wednesday in an emailed note.

Persons: Jeremy Hunt, Marcus Brookes, Brookes, Hetal Mehta, BoE Organizations: LONDON, Reuters, National Statistics, Chancellor, Bank of, Bank, Quilter Investors, Bank of England's, Bank of England Locations: Canary, London, Bank of England, British, James's

☆ UK regular pay growth slows for first time since January
▼ + stars: | 2023-10-17 | by ( David Milliken | ) www.reuters.com time to read: +4 min

Private-sector regular pay - the component looked at most closely by the BoE - saw annual growth slow to 8.0% in the three months to August, from 8.1%. Regular pay, adjusted for CPI inflation, grew by an annual 0.7% in the three months to August. Reuters GraphicsSLUGGISH ECONOMYBank of England Chief Economist Huw Pill said on Monday that fast rates of nominal pay growth stood at odds with most other labour market measures, which have pointed to a slowing economy. The number of job vacancies in the three months to September fell to a two-year low of 988,000, Tuesday's data showed. Unemployment figures and other related labour market data will not be published until Oct. 24, after the ONS said on Friday it needed more time to take account of low response rates.

Persons: Kevin Coombs, BoE, James Smith, Jeremy Hunt, Rishi Sunak, Huw Pill, payrolls, Ashley Webb, Webb, Sachin Ravikumar, William Schomberg, Bernadette Baum Organizations: REUTERS, LONDON, Bank of England, Britain's, National Statistics, Reuters, U.S, Bank, England's, ING, Private, of England, International Monetary, Capital Economics, Thomson Locations: Canary Wharf, London, Britain

☆ Over 8,500 migrants reach Spain's Canary Islands in two weeks -ministry data
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +2 min

MADRID, Oct 16 (Reuters) - At least 8,561 migrants have reached the Canary Islands over the past two weeks, representing more than a third of this year's total arrivals, data from Spain's interior ministry showed on Monday. Between Jan. 1 and Oct. 15 of this year, the islands in the Atlantic received 23,537 migrants, an 80% increase from the same period last year, the data showed. The archipelago's seven islands have become the main destination for migrants from Senegal and other African countries trying to reach Spain. One aircraft will patrol the waters off Senegal and Mauritania and a second will monitor the waters around the Canary Islands. The Atlantic migration route to the Canary Islands, typically used by sub-Saharan African migrants trying to reach Spain, is one of the world's deadliest.

Persons: Borja Suarez, Fernando Grande, Marlaska, Emma Pinedo, David Latona, Christina Fincher Organizations: Atlantic, Gran Canaria, REUTERS, EU, Acting, Thomson Locations: MADRID, Senegal, Spain, Spanish, West Africa, Arguineguin, Gran, Mauritania, Africa's, Europe, Canary

☆ A Columbia professor called Hamas terror attacks 'awesome' and 'astounding' in an article. A petition for his removal has passed 34,000 signatures.
▼ + stars: | 2023-10-16 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

A Columbia professor lauded Hamas "awesome" attacks on Israel and called them a "stunning victory." An online petition, signed by over 34,000 people, is calling for his "immediate removal." AdvertisementAdvertisementA Columbia professor who praised Hamas' "awesome" terror attacks on Israel in an online article is facing calls for his removal in an online petition that has now surpassed 30,000 signatures. AdvertisementAdvertisementPlatek added: "We call on Columbia University to hold Massad responsible for his comments and immediately remove him from the Columbia faculty." Columbia University did not immediately respond to Insider's request for comment made outside office hours.

Persons: —, Joseph Massad, Platek, Massad, David, Israel, Anthony Weiner Organizations: Service, Modern, Columbia University, Hamas, Columbia, Mission, North, Columbia's, Watch, Massad, Israel Defense Forces Locations: Columbia, Israel, USA, East

☆ UK CFOs lose their appetite for debt after rates climb -Deloitte
▼ + stars: | 2023-10-15 | by ( ) www.reuters.com time to read: +2 min

A similar proportion said debt sales were unattractive while equity finance became more popular. "Higher interest rates have flipped a decade-old consensus which was previously in favour of debt finance," Ian Stewart, chief economist at Deloitte, said. "Finance leaders are preparing for a period of high interest rates with predicted rates falling only slightly over the next year." The Bank of England raised rates 14 times in a row between December 2021 and August this year, before pausing its increases in September. The CFOs quizzed by Deloitte on average expected the BoE to cut Bank Rate to 4.75% in a year's time from 5.25% now.

Persons: Suzanne Plunkett, Ian Stewart, Top BoE, BoE, William Schomberg, Kylie MacLellan Organizations: REUTERS, Finance, Deloitte, Bank of, Thomson Locations: London, Bank of England, Israel

☆ Treasury bond auctions have been ugly lately, and weak demand could be a 'canary in the coal mine'
▼ + stars: | 2023-10-14 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

A recent string of Treasury auctions has suffered from weak investor demand. But Ed Yardeni thinks yields are already at the right levels to start bringing back demand. AdvertisementAdvertisementA string of recent Treasury bond auctions saw a major slump in investor demand, and that could be a harbinger of a trend that sends yields higher, strategists said. But market veteran Ed Yardeni told Insider that bond yields could already be at the right levels to bring back demand. AdvertisementAdvertisementHe also noted that while the recent auctions didn't go well, bond yields didn't shoot to new highs.

Persons: Ed Yardeni, —, Bill Ackman, Larry Fink, Bill Gross, Yardeni, Penn Wharton Organizations: Securities, Service, Treasury Department, TD Securities, Treasury

☆ UK stocks fall after Bailey's hawkish tone on interest rates
▼ + stars: | 2023-10-13 | by ( Khushi Singh | ) www.reuters.com time to read: +2 min

The commodity-focussed FTSE 100 (.FTSE) was down 0.1%, while the mid-cap index FTSE 250 (.FTMC) lost 0.5%. The yield on the UK benchmark bond edged higher after Bailey's comments but remained lower for the day at 4.402%. "Although higher dollar and yields would typically weaken gold, the geopolitical concerns are pushing gold higher," said Giles Coghlan, chief market analyst at GCFX. Industrial metal miners (.FTNMX551020) also advanced 0.6% following a rise in copper prices. UK wealth manager St James's Place (SJP.L) was pushed by regulators to overhaul fees, with the stock tumbling 13.5% to the bottom of the FTSE 100.

Persons: Toby Melville, Ashmore, Andrew Bailey, BoE Governor Andrew Bailey, Giles Coghlan, Coghlan, St James's, Khushi Singh, Sonia Cheema, Sohini Organizations: London Stock Exchange, REUTERS, Bank of England, Mining, Shell, BP, St, Thomson Locations: Canary Wharf, London, Britain, James's, Iran, Israel, China, Bengaluru

☆ UK economy grew 0.2% in August, propped up by services sector
▼ + stars: | 2023-10-12 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

U.K. gross domestic product grew by 0.2% in August, the Office for National Statistics estimated Thursday, partially recovering from a downwardly revised 0.6% contraction in July. "It does not change the outlook for the Bank of England and confirms that the Bank Rate does not have much upside from here, but will remain at current levels for an extended period." The Bank of England last month ended a run of 14 consecutive interest rate hikes after data showed inflation was running below expectations. "The UK has grown faster than France and Germany since the pandemic and today's data shows the economy is more resilient than expected," U.K. Finance Minister Jeremy Hunt said Thursday. U.K. headline inflation dipped to an annual 6.7% in August, below expectations but still well above the Bank's 2% target.

Persons: Mathieu Savary, Jeremy Hunt, Thiru Organizations: Citibank, HSBC, National Statistics, BCA Research, Bank of England, of England, Bank, Finance, Institute of Chartered Accountants, Wales, Bank of England's Locations: Wharf, London, United Kingdom, U.K, European, France, Germany, England

☆ KPMG hit with record fine for 'textbook failure' in Carillion audits
▼ + stars: | 2023-10-12 | by ( Huw Jones | ) www.reuters.com time to read: +3 min

The Financial Reporting Council (FRC) said the number, range, and seriousness of the deficiencies in the audits of Carillion were exceptional, resulting in the watchdog's highest ever fine. On occasions, KPMG audit partner Peter Meehan told his team to record his review of working papers without having done a review, the FRC said. Meehan, no longer with KPMG, was fined 350,000 pounds after a discount to reflect his cooperation and admission of failures. It would have been 30 million pounds, but was discounted due to admissions and co-operation by the auditor. KPMG was fined 14.4 million pounds last year after providing false and misleading information to the FRC during spot checks on audits of Carillion and outsourcing firm Regenersis.

Persons: Reinhard Krause, Carillion, Richard Moriarty, Moriarty, Peter Meehan, Meehan, Jon Holt, Holt, Huw Jones, Sharon Singleton, Mark Potter Organizations: KPMG, Canary, REUTERS, BHS, Council, FRC, PwC, Deloitte, EY, Thomson Locations: London, Britain

☆ UK housing market challenging but rate pause offers hope -RICS
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

The Royal Institution of Chartered Surveyors (RICS) house price balance, which measures the difference between the percentage of surveyors seeing rises and falls in house prices, edged down to -69 after August's sharp drop to -68. Echoing other gauges of British house prices, RICS' latest figure was the weakest since February 2009 and was below the median forecast of -63 in a Reuters poll of economists. Britain's housing market boomed during the coronavirus pandemic as demand for homes with more space surged, but it has been a victim of the BoE's run of 14 interest rate hikes, which began in December 2021. "Although the decision to pause monetary policy tightening a few weeks ago provided a glimmer of relief for the market, interest rates are likely now set to remain on hold for a prolonged period," Parsons said. The weak state of the housing market has hurt companies such as building materials supplier Travis Perkins (TPK.L), which on Wednesday downgraded its annual profit forecast by as much as 27%.

Persons: Henry Nicholls, RICS, Tarrant Parsons, Parsons, Travis Perkins, William Schomberg, Kylie MacLellan Organizations: REUTERS, Bank, Royal Institution, Chartered Surveyors, Thomson Locations: London, Britain

☆ London's financial heart is sizing up a win for center-left Labour party at next year's UK election
▼ + stars: | 2023-10-10 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

Bloomberg | Bloomberg | Getty ImagesLIVERPOOL, England — The U.K.'s main opposition Labour party is seeking to woo London's powerful financial center as it sets its sights on winning power at next year's General Election. At the party's conference this week, lawmakers were unanimous in emphasizing Labour's renewed focus under leader Keir Starmer on spurring economic growth as its number one priority. Speaking at a fringe event on Sunday, Shadow Financial Secretary to the Treasury James Murray reiterated the party's mission of achieving the highest growth in the G7 and engaging the private sector. It really is crucial to underpin the encouragement of businesses to invest, to underpin everyone working together for economic growth," Murray added. Shadow Chancellor Rachel Reeves announced a host of new economic pledges aimed at stimulating growth, vowing to "rebuild Britain" if Labour wins the 2024 General Election.

Persons: Keir Starmer, James Murray, Murray, Rishi, Liz Truss's, Kwasi Kwarteng, Rachel Reeves, Reeves, Jeremy Corbyn, Starmer, Emma Reynolds Organizations: Bloomberg, Getty, Labour, Shadow, Conservative Party, Treasury Locations: Canary, London, LIVERPOOL, England, Britain, Liverpool

"There's been very little marking down of (private) assets," said Con Keating, head of research at Brighton Rock Group, an insurance company for pension schemes. "No-one knows where the next big blow-up for pensions will come from," said Henry Tapper, founder of pension market analysis group AgeWage. He said heavy selling of commercial property and private equity stakes by pension schemes is raising questions over private capital valuations. "It's the right approach to obviously put some scrutiny on private market valuations." But in deals where private equity firms and investors buy and sell portfolios of investments, assets are being valued at less.

Persons: Yann Tessier, Con Keating, Henry Tapper, EY's, Paul Kitson, Burgiss, Ben Leach, Willis Towers Watson, IOSCO, Wilfred Small, Sinead Cruise, John O'Donnell, Kirsten Donovan Organizations: City of, REUTERS, Britain's, Authority, Brighton Rock Group, Reuters, Numis Securities, Thomson Locations: City, City of London, Canary, London, Britain, Germany, Sweden

☆ 'There's no greater canary in the coal mine': Renowned energy analyst Paul Sankey shares why oil prices will continue to nosedive — and 4 stocks that can hold up anyway
▼ + stars: | 2023-10-07 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

The widely followed energy analyst is often ahead of the curve, including in early 2020 when he warned that oil prices could dip negative. And if there's a recession, less economic activity should lead to even lower oil prices. However, higher oil prices would further weigh on demand from consumers and businesses, which raises the risk of causing — or worsening — a recession. Paul Sankey, Sankey Research (based on Bloomberg data)Although refining margins have downward momentum, Sankey said a long oil market drawdown isn't necessarily a foregone conclusion. Geopolitical tensions are an increasingly serious threat, JPMorgan CEO Jamie Dimon has recently warned, and a sudden conflict breakout could cause oil prices to surge.

Persons: Paul Sankey, Sankey, Platts, It's, it's, they're, Jamie Dimon, he's Organizations: Sankey Research, Mizuho, Wolfe Research, Deutsche Bank . Institutional Investor, JPMorgan, OPEC, Bloomberg, Federal Reserve, Exxon, Chevron, Valero, Plains, American Pipeline, Labor Locations: Saudi Arabia, Saudi, Russia, Kazakhstan, China, India, Africa, Latin America, Europe, San Antonio

☆ A Gen Z worker in Spain spends just 5% of his income each month after years of planning. He explains how he does it and how others can increase their savings.
▼ + stars: | 2023-10-07 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

Santiago Puértolas achieved a 95% savings rate on his monthly income after seven years of planning. He spends money only on things that make his life easier or happier. Puértolas, 26, started outlining how to maximize his savings rate over seven years ago during college. Investing in happinessMost of his purchases, he said, are things that make his life easier and make him happy. He added that recent layoffs in his industry and at his past companies led him to accelerate his savings rate to be comfortable earlier.

Persons: Santiago Puértolas, —, he's, Puértolas Organizations: Service Locations: Spanish, —, Spain, Myanmar

Italy is even going outside the EU to establish links with the United Kingdom to crack down on unwanted arrivals. Hungarian Prime Minister Viktor Orbán was blunt about how far Europe's leaders still are from reaching a consensus before they met in Granada, Spain. Orbán, who has pushed back against EU policy repeatedly and taken a hard-line approach against migration, said that he won't sign off on any deal at any point in the foreseeable future. He went as far as to compare the situation to being “legally raped” by Hungary's fellow EU members. “The agreement on migration, politically, it’s impossible — not today (or) generally speaking for the next years," Orbán said.

Persons: Viktor Orbán, Orbán, “, Mateusz Morawiecki, Ursula von der Leyen, ”, Roberta Metsola, ” Metsolas, Giorgia, Rishi Sunak, ___ Wilson, Raf Casert, Ciarán Giles, Colleen Barry, Vanessa Gera, Danica Kirka Organizations: European Union, EU, International Organization for Migration, Giorgia Meloni, della, The Times Locations: GRANADA, Spain, Brussels, Hungary, Poland, Italy, United Kingdom, Granada, Syria, Turkey, Libya, Tunisia, Morocco, Malta, Greece, Cyprus, Ukraine, Lampedusa, London, Africa, El Hierro, Senegal, Barcelona, Madrid, Milan, Warsaw

☆ Spain rescues 262 migrants off Canary Islands
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +2 min

A view of a wooden boat that migrants used, to reach the Canary Islands, at the port of Arguineguin, in the island of Gran Canaria, Spain April 20, 2023. Emergency services said they had brought 103 of the 262 rescued migrants to El Hierro, the westernmost and tiniest of the Canary Islands, which has received more than 1,200 migrants in the last six days alone. "We have even reinforced with volunteer personnel from other islands that perhaps are not suffering the pressure El Hierro is suffering at the moment." The other rescued migrants were taken to Los Cristianos port in Tenerife and Arguineguin in Gran Canaria. The seven islands of the Atlantic archipelago have become the main destination for migrants trying to reach Spain.

Persons: Borja Suarez, Inigo Vila, Vila, El Hierro, Fernando Clavijo, Emma Pinedo, Andrei Khalip, Gareth Jones, Nick Macfie Organizations: Gran Canaria, REUTERS, Rights, European Union, Thomson Locations: Arguineguin, Gran, Spain, Rights MADRID, Spanish, Italy, Atlantic, Madrid, El Hierro, Islands, Tenerife, Gran Canaria, Saharan Africa

☆ Bond rout won't end Fed balance sheet cuts, but endgame bubbling into view
▼ + stars: | 2023-10-06 | by ( Michael S. Derby | ) www.reuters.com time to read: +5 min

Since June 2022, the Fed has allowed more than $1 trillion of bonds to mature from its portfolio, including roughly $840 billion of Treasuries. QT drains liquidity from the banking system, reducing bank reserves parked at the Fed and cash stashed in its reverse repo facility. Others believe money market rates will start to move up in ways suggesting the system is short of cash. A New York Fed report in April projected an end to QT around the middle of 2025. A survey of major banks by the New York Fed released in August eyed an end to QT in mid-2024.

Persons: it's, ”, Kathy Bostjancic, Bostjancic, Goldman Sachs, Loretta Mester, “, Austan Goolsbee, Mary Daly, Michael Barr, Michael Cloherty, Mark Cabana, ” Cabana, Cabana, Michael S, Ann Saphir, Dan Burns, Andrea Ricci Organizations: Goldman Sachs, Federal Reserve, Silicon Valley Bank, Fed, Treasury, Reuters Graphics Reuters, Cleveland Fed, Bloomberg, Chicago Fed, San Francisco Fed, UBS, Bank Policy Institute, New York Fed, Bank of America, Daily, Derby, Thomson Locations: Silicon, Washington

☆ Thousands evacuated on Spain's Tenerife as summer wildfire re-ignites
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +1 min

MADRID, Oct 5 (Reuters) - Authorities on the Spanish island of Tenerife evacuated some 3,000 people from their homes overnight as a wildfire sparked by high temperatures and strong winds raged in a forested area already ravaged by fire in August. August's wildfire burned for days, destroying some 15,000 hectares (37,000 acres) of woodland within the national park surrounding the Mount Teide volcano, Spain's highest peak. Thousands were also evacuated then, with most returning to their homes. A firefighter plane discharges water over Guimar, as wildfires rage out of control on the island of Tenerife, Canary Islands, Spain August 22, 2023. The island, in the Atlantic off Africa's northwestern coast, is on alert for high temperatures that are expected to reach 39 degrees Celsius (102.2 degrees Fahrenheit) throughout Thursday.

Persons: Nacho, Fernando Clavijo, Clavijo, David Latona, Emma Pinedo, Andrei Khalip, Deborah Kyvrikosaios Organizations: Twitter, Emergency, REUTERS, Canary, Thomson Locations: MADRID, Tenerife, army's, Canary Islands, Spain, Madrid

Treasury yields later receded on a cooler-than-expected U.S. private payrolls report that helped stocks on Wall Street rebound from Tuesday's sharp sell-off. "The market was so over-sold that it was looking for a catalyst to rally on and found it in ADP." The yield on 10-year Treasury notes touched 4.884%, a fresh 16-year high, while 30-year Treasury yields rose above 5% for the first time since August 2007. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsAustralian, Canadian and British government bond yields have also surged this week. Gold prices crept lower for the eighth consecutive session as elevated Treasury yields amid expectations that the Fed will keep rates higher for longer weighed on investor sentiment.

Persons: Kim Rupert, Rupert, Rhys Williams, Brendan McDermid, Kit Juckes, Brent, Herbert Lash, Tom Wilson, Tom Westbrook, Simon Cameron, Moore, Will Dunham, Mark Potter Organizations: Treasury, ADP, Management, Institute for Supply Management, Federal Reserve, Dow Jones, Nasdaq, Bank of Japan, New York Stock Exchange, REUTERS, Rights Australian, U.S ., Thomson Locations: San Francisco, Bryn Mawr , Pennsylvania, U.S, New York City, Asia, Pacific, Japan, Tokyo, Russia, London, Sydney

☆ Bangladesh dengue: More than 1,000 people killed in country's worst outbreak on record
▼ + stars: | 2023-10-03 | by ( Helen Regan | ) edition.cnn.com time to read: +4 min

Fatalities from the outbreak are almost four times higher than last year, when 281 people died. In September alone, there were more than 79,600 reported cases and 396 deaths, according to Bangladesh health authorities. Last year, dengue cases only peaked in October with most deaths recorded in November. The global number of dengue cases has already increased eight-fold in the past two decades, according to WHO. This year, dengue has hit South America severely with Peru battling its worst outbreak on record.

Persons: Munir Uz Zaman, Adhanom Ghebreyesus, “, ”, Abdi Mahamud Organizations: CNN, Health Services, Shaheed Suhrawardy Medical College Hospital, Getty, World Health Organization, WHO, Dhaka –, UN, South America Locations: Bangladesh, Dhaka, AFP, Peru, Florida, Asia, Sri Lanka, Thailand, Malaysia, Africa, Chad

☆ CNBC Daily Open: Heed the Russell 2000’s warning
▼ + stars: | 2023-10-03 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

In other words, the Russell 2000 turned negative for the first time in 2023. It comprises 2,000 small companies — the average market capitalization of a firm on the Russell 2000 is $2.98 billion, as of Aug. 31. More significantly, investors think the Russell 2000 more accurately reflects the state of the U.S. economy. Financials comprise much of the index, Hickey said, which makes the Russell 2000 more sensitive toward higher interest rates. A canary the Russell 2000 might not be, but a cautionary tale it definitely is.

Persons: Michael M, Russell, Paul Hickey, Hickey, CNBC's Hakyung Kim Organizations: New York Stock Exchange, Santiago, Getty, CNBC, Dow Jones, Nasdaq, Apple, Investment Locations: New York City, U.S

☆ CNBC Daily Open: The Russell 2000 is flashing a warning
▼ + stars: | 2023-10-03 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

☆ The benchmark for small cap stocks — the Russell 2000 — turned negative for the year
▼ + stars: | 2023-10-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

A major benchmark for U.S. stocks — the Russell 2000 index — turned negative for the year on Monday, an indicator of broader weakness occurring in the economy that's being masked by a few large cap tech equities. Lending is also often more difficult for small cap companies versus larger cap names, which are can negotiate lower lending rates. The Russell 2000 has higher sector weight in financials, which makes it more leveraged toward interest rate conditions, said Bespoke Investment Group co-founder Paul Hickey. "So if you put all those factors together, I wouldn't say that the Russell 2000 is a canary in the coal mine. The strategist believes that easing pressure on interest rates should result help the small cap index bounce back from its oversold period.

Persons: Russell, —, Jeff Corey, Corey, Paul Hickey, it's, Hickey Organizations: New York Stock Exchange, Nasdaq, Claro Advisors, Investment Group Locations: New York City, U.S, financials

☆ What the plastic surgery industry can tell us about the path of the economy
▼ + stars: | 2023-10-01 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

Plastic surgery demand may be one signal. Anyone looking for more under-the-radar economic signals can add plastic surgery to the list. The plastic bubble popBut within the plastic surgery industry, the pullback in demand is undeniable, particularly considering how hot business was through 2021. "It's something that really took most of us by surprise," he said of the pandemic's plastic surgery boom. And media attention … that influences discretionary purchases and plastic surgery.

Persons: —, Dr, Steven Williams, tucks, Williams, Yaniv, Konchitchki, COVID hospitalizations, There's, it's Organizations: Service, American Society of Plastic Surgeons, UC Berkeley, Federal Reserve, Aesthetic Society, San Francisco Fed Locations: rhinoplasties, Europe, United States

☆ Senegalese navy stops two migrant boats carrying 272 people
▼ + stars: | 2023-09-30 | by ( ) www.reuters.com time to read: +1 min

DAKAR, Sept 30 (Reuters) - The Senegalese Navy said it had intercepted two wooden boats carrying 272 would-be migrants 100 km (60 miles) off the coast of the capital Dakar on Friday. Seven children and 16 women were among the passengers who were taken back to a navy base in Dakar, it said in an online post on Saturday. It shared a photo of a brightly painted fishing vessel on the open ocean, overloaded with people with no shelter from the elements. Thousands of migrants brave the hundreds of miles of ocean separating Africa from Europe each year in a desperate search for a better life. In August, only 37 survived after a migrant boat carrying 101 people from Senegal had been adrift in the ocean without fuel for weeks.

Persons: Alessandra Prentice, Giles Elgood Organizations: Senegalese Navy, International Organization for Migration, Thomson Locations: DAKAR, Dakar, Africa, Europe, Senegal

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