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BENGALURU, July 25 (Reuters) - The Bank of England will raise its Bank Rate by a quarter-point to 5.25% on August 3, making borrowing the costliest since early 2008, and hike twice more by the year-end as price pressures persist, a Reuters poll showed. While the median peak rate forecast was 5.75%, nearly half of respondents, 29 of 61, still said 5.50%, the same as a June 26 poll. As recently as a June 14 poll, the consensus was for Bank Rate to peak at 5.00%. Predictions for Bank Rate at year-end were in a wide range. Asked where core inflation will be at year-end, nearly two thirds of respondents, 14 of 22, said slightly lower.
Persons: BoE, Bruce Kasman, Morgan, Stefan Koopman, Shaloo Shrivastava, Mumal Rathore, Pranoy Krishna, Rahul Trivedi, Jonathan Cable, Ross Finley, Barbara Lewis Organizations: Bank of England, Bank, Company, Rabobank, Thomson Locations: BENGALURU, J.P, British
But travel patterns are shifting so often, partly due to work-life changes wrought by the pandemic, that airlines must constantly adapt on booking plane seats and remain cautious in forecasting demand and revenue. American Airlines (AAL.O) Chief Financial Officer Devon May attributed the challenge to the difficulty in forecasting demand. Worries about future demand were a reason American Airlines' stock fell 6% on Thursday even after it raised its full-year earnings forecast. It was a risky bet as booking data from the previous quarter had shown customers were booking trips well in advance. Delta said Southern Europe's summer travel season is now longer than it used to be, prompting the airline to adjust its network.
Persons: Devon, We're, United, United's, Andrew Nocella, Henry Harteveldt, Harteveldt, Rahul Sen Sharma, Sharma, Ed Bastian, Delta, Glen Hauenstein, Rajesh Kumar Singh, Ben Klayman, Matthew Lewis Organizations: Consumers, American Airlines, Reuters, United Airlines, Atmosphere Research, Airlines, Air Lines, Thomson Locations: Southern, Chicago
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI could generate services, revenue and profits 'in the next few years': T. Rowe PriceRahul Ghosh of T. Rowe Price explains why he thinks the AI hype is "real and tangible".
Persons: Rowe Price Rahul Ghosh, Rowe Price
[1/2] India's main opposition Congress party’s leader Rahul Gandhi holds a news conference, after he was disqualified as a lawmaker by India's parliament on Friday, at party’s headquarter in New Delhi, India, March 25, 2023. REUTERS/ Anushree Fadnavis/file photoNEW DELHI, July 18 (Reuters) - More than two dozen Indian opposition parties said on Tuesday that they had joined hands to form an alliance called "INDIA" to take on Prime Minister Narendra Modi's ruling Bharatiya Janata Party (BJP) in parliamentary elections next year. The decision was announced at the end of a two-day meeting of 26 parties in the southern city of Bengaluru. Mallikarjun Kharge, president of the main opposition Congress party, said INDIA stood for "Indian National Developmental Inclusive Alliance". Reporting by YP Rajesh; editing by Tanvi MehtaOur Standards: The Thomson Reuters Trust Principles.
Persons: Rahul Gandhi, Anushree, Narendra Modi's, Mallikarjun Kharge, YP Rajesh, Tanvi Mehta Organizations: REUTERS, Bharatiya Janata Party, BJP, INDIA, Developmental, YP, Thomson Locations: New Delhi, India, DELHI, Bengaluru, Mallikarjun
US fines Texas oil company Callon Permian over emissions
  + stars: | 2023-07-13 | by ( ) www.reuters.com   time to read: +1 min
July 13 (Reuters) - The U.S. Environmental Protection Agency (EPA) on Thursday said Callon Permian LLC was fined $1.3 million for excess emissions from tanks, flares and other equipment at company's oil and gas facilities in the West Texas Permian Basin. The EPA said it identified emissions using a helicopter equipped with a special infrared camera that detects hydrocarbon leaks. The company failed to comply with requirements for flares, tanks, and combustors as well as general requirements of the federally approved Texas State Implementation Plan, the EPA said. Callon will perform corrective actions at 13 of its oil and gas facilities in the West Texas Permian Basin, resulting in an estimated reduction of over 1.2 million pounds of volatile organic compound (VOCs) emissions, the agency said. Reporting by Daksh Grover and Rahul Paswan in Bengaluru; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.
Persons: Callon, VOCs, Daksh Grover, Rahul Paswan, David Gregorio Our Organizations: Environmental Protection Agency, EPA, Thomson Locations: West Texas, Texas, Bengaluru
The Biden administration unveiled a plan Tuesday to eliminate the growing threat of fentanyl laced with xylazine, an illegal street drug cocktail that is fueling a wave of overdose deaths. It also aims to disrupt the illegal xylazine supply chain, among other efforts. Those agencies must develop and submit an implementation report to the White House in 60 days. The White House plan's long-term goal is a 15% reduction in xylazine-positive drug overdoses in at least three of four U.S. Census regions by 2025. Every one of these numbers is tragic," White House domestic policy advisor Neera Tanden said during a call with reporters.
Persons: Biden, Joe Biden's, Dr, Rahul Gupta, Xylazine, Neera Tanden Organizations: New York, Centers for Disease Control, and Drug Administration, White House, White, Office of National Drug Control, CDC, House
Gandhi can now take his appeal to a larger bench of the same high court and then to the Supreme Court, his last option. "How come all thieves have the name Modi?," Gandhi had asked in an election campaign speech, referring to two fugitive businessmen, both surnamed Modi. Gandhi has separately challenged the conviction in a district court, which is yet to hear the case. "The refusal of stay of conviction would not in any way result in injustice to the applicant," the judge said. "There is no reasonable ground to stay the conviction of the applicant in view of the facts and circumstances of the case."
Persons: Rahul Gandhi, Gandhi, Purnesh Modi, Narendra Modi, Modi, Hemant Prachchhak, Jairam Ramesh, Ramesh, Abhishek Singhvi, India's, YP Rajesh, Raju Gopalakrishnan Organizations: Bharatiya Janata Party, BJP, YP, Thomson Locations: DELHI, India, Gujarat
CNN —Authorities in India’s central Madhya Pradesh state have demolished a man’s home after a video that appeared to show him urinating on a member of a tribal community went viral on social media this week. While the incident captured in the video allegedly occurred a year ago, the man, identified by police as Pravesh Shukla, was arrested and charged Tuesday for the obscene act. A political flashpointIn a Twitter post Friday, the Madhya Pradesh government said the victim would receive 500,000 rupees ($6,000) in compensation and 150,000 rupees ($1,800) to help him build a house. The announcement came a day after Madhya Pradesh Chief Minister Shivraj Singh Chouhan visited the victim to apologize for what happened to him. “Ever since I saw the video of [this] incident, my heart is deeply disturbed and filled with pain,” Chouhan tweeted Thursday.
Persons: Pravesh Shukla, , , Priya Singh, Narendra Modi’s, Shivraj Singh Chouhan, ” Chouhan, Chouhan, Shukla, Rahul Gandhi, Kamal Nath, ” Nath Organizations: CNN, Authorities, Police, Bharatiya Janata Party, BJP, United States Agency for International Development, USAID, Locations: India’s, Madhya Pradesh, Sidhi District, Uttar Pradesh, India, Sidhi district,
Rahul Mishra’s Ethos Is ‘Slow Fashion’
  + stars: | 2023-06-29 | by ( Sadiba Hasan | ) www.nytimes.com   time to read: +1 min
It took Rahul Mishra six years to sell his first bridal lehenga, a three-piece skirt, blouse and scarf ensemble from the Indian subcontinent. In April, the 43-year-old fashion designer, who is based in Delhi, India, made headlines for dressing Zendaya in a shimmery blue sari at the opening of the Nita Mukesh Ambani Cultural Center in Mumbai. (He has also previously dressed Gigi Hadid, Viola Davis and Priyanka Chopra.) In 2020, he became the first Indian designer to show at Paris Haute Couture Week, and he has gone back every year since. Weddings are “red carpet” events for people who aren’t celebrities, he said — especially in Indian culture, where weddings often span multiple days, requiring many outfits for a long list of guests.
Persons: Rahul Mishra, Nita Mukesh Ambani, Gigi Hadid, Viola Davis, Priyanka Chopra, Mishra Organizations: Paris Haute Couture Locations: Delhi, India, Mumbai
[1/3] Supporters of Rahul Gandhi, a senior leader of India's main opposition Congress party, speak with him after his convoy, heading to Churachandpur, was stopped by the police in Bishnupur district, Manipur, India, June 29, 2023. REUTERS/StringerGUWAHATI, India, June 29 (Reuters) - Indian opposition leader Rahul Gandhi was stopped by local police on Thursday and teargas fired near his convoy when the 53-year old scion of the Congress party was on his way to visit the violence-hit northeastern Manipur state. Teargas shells were then fired to disperse a crowd that had started gathering in the area. "There is a possibility of a grenade attack along the highway through which Rahul Gandhi is moving. Gandhi's convoy returned to Imphal and he reached Churachandpur by helicopter, Meghachandra Singh, Manipur state Congress president, said.
Persons: Rahul Gandhi, India's, Stringer, teargas, Gandhi, Heisnam Balram Singh, we've, Meghachandra, Narendra Modi's, Zarir Hussain, Sudipto Ganguly, Frank Jack Daniel Our Organizations: REUTERS, Reuters, Thomson Locations: Churachandpur, Bishnupur district, Manipur, India, Stringer GUWAHATI, Myanmar, Bishnupur, Imphal, Meghachandra Singh, Kuki
CNN —The embattled leader of India’s main opposition Congress party visited crisis-hit Manipur and met with its displaced residents on Thursday, after his convoy was initially stopped by police near the state capital. Rahul Gandhi’s visit comes as the northeastern state grapples with ongoing ethnic violence in which more than 100 people have been killed and tens of thousands more driven from their homes. Modi has yet to comment publicly on the situation and has not visited Manipur since the violence erupted in May. Manipur needs healing, and only together we can bring harmony.”Indian army soldiers patrol the streets of Manipur on June 7, 2023. BJP spokesperson Sambit Patra also claimed that Gandhi is using Manipur as a pawn for his own political gain.
Persons: India’s, Rahul Gandhi’s, Narendra Modi, Modi, Gandhi, , , Sambit Patra, ” Patra, Rahul Gandhi, ” Gandhi, Jawaharlal Nehru, Christian Organizations: CNN, Bharatiya Janata Party, BJP, Facebook, Indian Army, Reuters Locations: Manipur, Imphal, Myanmar, Kuki
Their campaign got a shot in the arm in May when Congress trounced BJP in a key state election, exceeding expectations and gaining fresh momentum ahead of more state elections due this year and national elections in April-May 2024. Gandhi said the fight against BJP was an "ideological battle" and opposition parties were united in it. India's opposition parties have formed alliances to challenge governments - led by both Congress and BJP - in the past and win elections but have a mixed record of sticking together and running governments smoothly. BJP leaders said they were not worried as there was little hope for such alliances. "I want to tell leaders of the opposition, join as many hands as you want but opposition unity is not possible.
Persons: Narendra Modi's, Rahul Gandhi, Modi, Nitish Kumar, Kumar, Gandhi, Amit Shah Organizations: Bharatiya Janata Party, BJP, Congress, Aadmi Party, AAP, Modi, ji’s, YP Rajesh, Thomson Locations: DELHI, Patna, Bihar, Punjab, Delhi
CNN —Welcoming Indian Prime Minister Narendra Modi to the White House this week for a state visit – the most elevated form of American diplomacy – will require President Joe Biden to make certain trade-offs. Yet Modi and India, the world’s largest democracy, also represent a lynchpin in Biden’s strategy in Asia. That, according to officials, was the rationale behind inviting Modi for a state visit, only the third of Biden’s presidency so far. The two leaders will hold a joint news conference – something virtually every state visit over the past two decades has featured – but that was only agreed upon after lengthy, delicate negotiations between the two sides. “We’re just grateful that Prime Minister Modi is going to be participating in a press event at the end of the visit.
Persons: Narendra Modi, Joe Biden, Modi, He’s, India’s, Biden, “ We’re, John Kirby, Jake Sullivan, New Delhi’s, ” Sullivan, , Barack Obama, Xi Jinping, Donald Trump, Howdy Modi, Emmanuel Macron, Rahul Gandhi, Modi’s, he’s, Pramila, Sen, Chris Van Hollen, Jayapal, ” Modi, Rashida, Ilhan Omar, Alexandria Ocasio, Sullivan, , It’s, Russia can’t, Xi, ” Biden Organizations: CNN, Indian, White, Office, National Security, Indian Embassy, White House, Trump, Bharatiya Janata Party, BJP, Rep, Democrat, Maryland Democrat, Reps, State Department Locations: India, Asia, China, Beijing, Ukraine, New, United States, America, Houston, Ahmedabad, Gujarat, Washington, Maryland, Alexandria, Cortez, Russia
Indeed, Biden will likely be accused of hypocrisy for playing down issues of human rights and democracy erosion under Modi, both accusations that Modi claims are false. Indian Prime Minister Narendra Modi and US President Joe Biden meet at the Oval Office, in September 2021. Though Modi’s administration denies it, human rights organizations say discrimination against Muslims has worsened under Modi and his Hindu nationalist Bharatiya Janata Party. Officials say Biden will raise the issue of India’s human rights record and democracy backsliding, but it’s likely they will be downplayed. After all, putting human rights publicly at the heart of relations with Saudi Arabia did little more than open the region’s door to China.
Persons: Frida Ghitis, Narendra Modi, Modi, Joe Biden, Biden, Sarahbeth Maney, Rahul Gandhi, “ Modi, Gandhi, It’s, , Vladimir Putin, State Anthony Blinken, ” Biden, Facebook Modi – Organizations: CNN, Washington Post, Politics, Indian, Frida Ghitis CNN, United Nations, White House, White, Bharatiya Janata Party, Journalists, Freedom House, State, Twitter, Facebook, Capitol Locations: United States, India, France, South Korea, Washington, Gujarat, Ukraine, China, Australia, Japan, Russia, Saudi Arabia, Pacific, New York
Tech workers are on edge after layoffs, benefits cuts, and pay pressure. The recent tsunami of tech layoffs could leave a wave ofunion organizing in its wake. Dhaundiyal agreed with Hinnant that for lower-level tech workers the call to unionize rings louder. The hundreds of thousands of tech jobs that have been lost could serve as a catalyst to embolden workers. "That extra bravery is the wave of labor organizing that will take over the country."
Persons: what's, Skylar, ZeniMax, Hinnant, Rahul Dhaundiyal, retrenchment, you've, Dhaundiyal Organizations: Microsoft
The Most Comfortable Pillows for Back Sleepers
  + stars: | 2023-06-06 | by ( ) www.wsj.com   time to read: +14 min
Best overall pillow for back sleepersSaatva Latex Pillow $165 at Saatva Saatva’s shredded latex pillow balances plush comfort with a solid amount of neck support. Best memory foam pillow for back sleepersTempur-pedic TEMPUR-Cloud Ultimate Pillow $89 at Tempur-pedic The Tempur-Cloud Ultimate Pillow is a responsive memory foam model that adapts to your body for plush comfort and pressure point relief. But within a day, it plumped up nicely to make a medium-loft memory foam option that would work for different size sleepers. I’ve written extensively about sleep and sleep hygiene in particular, including reviews for Buy Side of pillows for side sleepers, pillows for stomach sleepers and the best mattress toppers. Temperature regulation: For a comfortable night’s sleep, pillows should keep the microclimate—the area between the sleeper and the bedding—from feeling warm.
Persons: Lisa Lombardi, , Rahul Shah, you’re, We’ve, , Shah, Coop, it’s, Nolah’s, I’ve, Heather Swain, D.P.T, Robin Zachary, University of Toledo Robin Zachary Organizations: NASA, Health, University of Toledo Locations: M.D, Vineland , N.J, , Tempur, Toledo , Ohio, New York City
The crushed train cars were cleared and the jumbled tracks straightened and rejoined, as workers labored on Sunday to quickly restore an important rail line in east India two days after the country’s worst train disaster in decades. Families of the victims were still struggling to reach the site of the wreck, near the town of Balasore in Odisha State. The desperate journey to claim the bodies of loved ones was complicated for many families by a lack of train service, though by late Sunday night, some rail movement on restored tracks began in both directions. Officials said a special train would ferry relatives from the city of Kolkata, in the neighboring state of West Bengal, to Odisha. And the government of Odisha announced free bus service on the disrupted train route.
Persons: Odisha, , Rahul Kumar Organizations: Officials Locations: India, Balasore, Odisha State, Kolkata, West Bengal, Bhubaneswar, Odisha
It's an accepted fact," Gandhi, who belongs to the opposition Congress party, said in remarks at The National Press Club in a visit to Washington. China and India have been uneasy neighbors for decades following a war on their disputed Himalayan frontier in the early 1960s. In May, Modi said peace on India's border with China is essential for normal relations between the nuclear-armed neighbours. Separately, Gandhi blamed Modi for India's religious polarization, saying his Hindu nationalist party was not inclusive. They don't embrace everybody, and they divide society," Gandhi said.
Persons: Rahul Gandhi, Narendra Modi's, It's, Gandhi, Modi, Simon Lewis, Kanishka Singh, Jamie Freed Organizations: National Press Club, Bharatiya Janata Party, BJP, 161st, Thomson Locations: China, Beijing, Washington, India, Arunachal Pradesh, Tibet
How to Wear a Sari? A New Exhibition Counts the Ways.
  + stars: | 2023-05-19 | by ( Phyllida Jay | ) www.nytimes.com   time to read: +1 min
The sari, in essence, is a six- to nine-yard cloth draped freely around the body. In April, Zendaya wore a sparkling deep-blue sari by Rahul Mishra on a red carpet in Mumbai, India. At the 2022 Cannes Film Festival, the Indian actress Deepika Padukone wore a shimmering gold-and-black sari by Sabyasachi Mukherjee that Vogue France called “the star piece” of the festival. Ms. Poonawalla’s Met Gala sari is among the pieces featured in a new exhibition, “The Offbeat Sari,” opening on Friday at the Design Museum in London. The show, which runs through September, explores how the sari is being newly defined, said Priya Khanchandani, the head of curatorial at the museum.
GE finance chief Dybeck Happe to step down
  + stars: | 2023-05-18 | by ( ) www.reuters.com   time to read: +1 min
May 18 (Reuters) - General Electric Co (GE.N) said on Thursday Carolina Dybeck Happe would step down as finance chief of the industrial giant, as it prepares to complete the spin-offs of its businesses next year. Rahul Ghai will become the CFO of GE, effective Sept. 1, while retaining his role as the finance chief of GE Aerospace, which he has held since August 2022, the company said in a statement. "Since Rahul joined GE Aerospace, we have benefited greatly from his leadership, including his wealth of experience as a public company CFO and with the spin-off process," GE CEO Larry Culp said. Moller-Maersk executive, Dybeck Happe took over as GE's CFO in early 2020. In late 2021, GE announced it would split into three public companies that would focus on energy, healthcare and aviation.
CNN —India’s ruling Bharatiya Janata Party (BJP) has lost its only stronghold in the country’s south after voters in Karnataka state rejected the Hindu-nationalist policies of Prime Minister Narendra Modi’s party in crucial local elections last week. The opposition Congress party won 135 seats in the state’s legislative assembly, versus 66 for the BJP, giving Modi’s opponents a boost as they prepare to challenge India’s populist leader in next year’s general election. “Were they to lose some or all of the remaining state elections this year, including three big states in the (central and northern) Hindi belt, that may be further indication of waning support,” he said. Indian Prime Minister Narendra Modi waves to the crowd during campaigning for state elections in Bengaluru, Karnataka, on May 7. “A lot would depend on how Congress Party does in upcoming state assembly elections,” Verma said.
CNN —Hundreds of jewels once owned by late Austrian billionaire Heidi Horten have fetched a combined 176 million Swiss francs ($196 million) to become the most expensive private jewelry collection ever to appear at auction. Heidi Horten pictured wearing the Briollete of India necklace, which sold for 6.3 million Swiss francs ($7 million). The most valuable lot, a ruby and diamond Cartier ring that is “pigeon blood” in color, fetched just over 13 million Swiss francs ($14.5 million), despite Christie’s expecting bids as high as 18 million Swiss francs ($20 million). A 90-carat “Briolette of India” diamond necklace by jeweler Harry Winston also came in below estimate, selling for 6.3 million Swiss francs ($7 million). courtesy Christie'sElsewhere, however, a Bulgari diamond ring more than doubled its high estimate to fetch 9.1 million Swiss francs ($10.1 million).
At the same time, they cautioned that Congress' victory on Saturday in Karnataka state, home to the booming tech hub of Bengaluru, was largely due to local factors. The party has won just one state election since December 2018, crumbling under the onslaught of the BJP's Hindu nationalism, the government's generous social spending, Modi's popularity, and its own leadership vacuum. "This is an amazing beginning," said Rajeev Gowda, the head of research at Congress and a former federal lawmaker. "We need to adapt these learnings to every election-going state in 2023 and more importantly to parliamentary elections next year," he said. Asked by the India Today-Axis poll how they would vote if the Karnataka election had been a national election instead, 10% of the respondents shifted to Modi, enough to overturn the result.
At the same time, they cautioned that Congress' victory on Saturday in Karnataka state, home to the booming tech hub of Bengaluru, was largely due to local factors. The party has won just one state election since December 2018, crumbling under the onslaught of the BJP's Hindu nationalism, the government's generous social spending, Modi's popularity, and its own leadership vacuum. "This is an amazing beginning," said Rajeev Gowda, the head of research at Congress and a former federal lawmaker. "We need to adapt these learnings to every election-going state in 2023 and more importantly to parliamentary elections next year," he said. Asked by the India Today-Axis poll how they would vote if the Karnataka election had been a national election instead, 10% of the respondents shifted to Modi, enough to overturn the result.
[1/5] Supporters of India's main opposition Congress party celebrate after the initial poll results in Karnataka elections at the party headquarters, in New Delhi, India, May 13, 2023. REUTERS/Adnan AbidiNEW DELHI, May 13 (Reuters) - India’s main opposition Congress party registered an emphatic win in elections in the southern state of Karnataka on Saturday, defeating the ruling Bharatiya Janata Party (BJP) in a big boost to its prospects ahead of national elections due next year. Congress won 135 seats against 66 for the BJP in the 224-member legislature, the Election Commission website showed at the end of counting. In contrast, the BJP won 15 states or federal territories either on its own or in alliance with regional parties. "(The) Congress party stood with the poor in Karnataka, we fought on the issues of the poor," Gandhi told reporters.
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