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Israeli Prime Minister Benjamin Netanyahu attends a news conference with Cyprus President Nikos Christodoulides (not pictured) at the Presidential Palace in Nicosia, Cyprus, September 3, 2023. Iakovos Hatzistavrou/Pool via REUTERS/File Photo Acquire Licensing RightsJERUSALEM, Sept 10 (Reuters) - Israeli Prime Minister Benjamin Netanyahu will visit California's Silicon Valley next week before traveling to New York for the U.N. General Assembly, his office said on Sunday. Netanyahu's office did not give specific details of who he would be meeting. Israeli news website YNet reported the visit to Silicon Valley would focus on strengthening ties in the field of artificial intelligence. Reporting by Ari Rabinovitch; editing by James MackenzieOur Standards: The Thomson Reuters Trust Principles.
Persons: Benjamin Netanyahu, Nikos Christodoulides, Iakovos, Ari Rabinovitch, James Mackenzie Organizations: Cyprus, Rights, General Assembly, Thomson Locations: Nicosia, Cyprus, New York, Silicon
TBILISI, Georgia, Sept 8 (Reuters) - Barcelona winger Lamine Yamal became Spain's youngest international and goalscorer aged 16 years and 57 days as he made his debut away to Georgia in their Euro 2024 qualifier on Friday. Gavi had broken Angel Zubieta's record (17 years 284 days), which had stood for nearly 85 years. Yamal later scored Spain's seventh goal with a tidy finish from inside the box to put the 2023 UEFA Nations League champions 7-1 ahead. Yamal, who has a Moroccan father, was born and raised in Spain. Reporting by Fernando Kallas in Madrid Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.
Persons: Lamine Yamal, Yamal, Marco Asensio, Gavi, Angel, Luis de la Fuente, Fernando Kallas, Toby Davis Organizations: Barca, UEFA Nations League, Georgia, Villarreal, Thomson Locations: TBILISI, Georgia, Barcelona, Spain, Cyprus, LaLiga, Moroccan, Madrid
Scott McTominay moved ahead of Cristiano Ronaldo and Harry Kane as the joint leading scorer in European Championship qualifying with Scotland on the brink of securing a place at next year's tournament. Manchester United midfielder McTominay claimed his sixth goal in qualifying for Euro 2024 as Scotland stayed ahead of Spain in the group on a maximum 15 points after five straight wins. Scotland needs two more points to ensure its place at the tournament, which will be held in Germany. McTominay has also been involved in more goals than any other player during qualifying, having provided one assist. He made history by overtaking Real Madrid and Wales great Gareth Bale as the youngest scorer in European qualifying.
Persons: Scott McTominay, Cristiano Ronaldo, Harry Kane, McTominay, Lamine Yamal, Spain —, Rasmus Hojlund, Romelu, Ronaldo, Kane, Steve Clarke, “ He’s, , Ryan Porteous, John McGinn, Gareth Bale, Bale, Yamal, Gavi, ” Yamal, Alvaro Morata’s, Bruno Fernandes, It's, Roberto Martinez, Luxembourg's, Bruno Petković, Turkey, Bertug Yildirim, ___ James Robson Organizations: Scotland, Spain, Georgia . Manchester United, AEK Arena, Georgia, Real Madrid, Wales, Slovakia, Portugal's, Portuguese, Iceland, Latvia, Armenia Locations: Cyprus, Spain, Germany, Denmark, Belgium, Scotland, Larnaca, Norway, Georgia, Liechtenstein, Bosnia, Herzegovina, CROATIA, Croatia, Turkey
Mining magnate Steinmetz held in Cyprus on Romanian warrant
  + stars: | 2023-09-03 | by ( ) www.reuters.com   time to read: +1 min
Israeli billionaire Beny Steinmetz leaves the courthouse after a verdict on corruption charges, in Geneva, Switzerland January 22, 2021. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsJERUSALEM, Sept 3 (Reuters) - Israeli mining magnate Beny Steinmetz has been detained in Cyprus on a Romanian-issued arrest warrant, a spokesperson for Steinmetz said on Sunday. Steinmetz is at the centre of a case dating back several years relating to his involvement in a group that allegedly tried to illegally secure land rights in Romania. He has already faced arrest in some other European countries on the Romania-issued warrant but was cleared. Steinmetz was detained on Thursday "during his arrival at Larnaca airport, due to a European Arrest Warrant (EAW) issued by the Romanian authorities, which has already been cancelled in various European countries, among them Greece and Italy," his spokesperson said.
Persons: Beny Steinmetz, Denis Balibouse, Steinmetz, Steven Scheer, Ari Rabinovitch, Michele Kambas, Susan Fenton Organizations: REUTERS, Rights, Cyprus police, State, Thomson Locations: Geneva, Switzerland, Cyprus, Romanian, Romania, Larnaca, Greece, Italy, Guinea
NICOSIA, Sept 3 (Reuters) - Police in Cyprus have made 20 arrests after a spate of racism-fuelled violence against migrants which erupted in the west of the island last week and spread to its southern city of Limassol in a weekend rampage. Last week Syrians living in Chlorakas, a village in western Cyprus, were targeted by hooded attackers in sporadic incidents over two days, leading to 22 arrests. Overnight Saturday to Sunday, three people from southeast Asia were attacked and robbed, state media said. Among the victims of the weekend's violence were a group of visitors from Kuwait, according to social media accounts of witnesses. "This isn't the Cyprus I was born, raised, had a family and am getting old in," he said.
Persons: Kyriakos Kouros, Michele Kambas, Ros Russell Organizations: Police, Migrants, Reuters, Turkish, Ministry of Foreign Affairs, Thomson Locations: NICOSIA, Cyprus, Limassol, Chlorakas, Asia, East, Africa, Turkish, Kuwait
The Chevron office is pictured after the U.S. government granted a six-month license allowing Chevron to boost oil output in U.S.-sanctioned Venezuela, in Caracas, Venezuela December 2, 2022. The Chevron-led (CVX.N) consortium proposed connecting the Aphrodite gas field via a subsea pipeline and existing infrastructure to Egypt, where the gas can be sold in the domestic market or liquefied and shipped to Europe, which has largely been cut off from Russian supplies. The partners have engaged in a new round of talks with the Cypriot government, Israel's NewMed (NWMDp.TA), which is a partner in the Aphrodite field, said earlier this week. Chevron is a partner in the field with NewMed and Shell (SHEL.L). "We believe it is important that Aphrodite is expeditiously developed for the benefit of Cyprus, the Eastern Mediterranean region and European and other international markets," Chevron said.
Persons: Gaby Oraa, George Papanastasiou, Papanastasiou, Israel's, Biden, expeditiously, Chevron, Mark Potter, Leslie Adler Organizations: Chevron, U.S, REUTERS, Washington, Cypriot Energy, Reuters, Cypriot, Shell, Cypriot Government, Thomson Locations: Venezuela, Caracas, Cyprus, U.S, Egypt, Europe, Republic of Cyprus, United States, Ukraine, Nicosia
MADRID, Sept 1 (Reuters) - Barcelona's 16-year-old forward Lamine Yamal received a first senior call-up for Spain, as manager Luis de la Fuente named his squad on Friday for next week's Euro 2024 Group A matches against Georgia and Cyprus. Yamal, who has a Moroccan father, was born and raised in Spain. He is a Spain youth international and his call-up for the senior side will end the hopes of Moroccan fans that he could be persuaded to switch allegiance. He was a stalwart of Spain's youth teams and is a footballer with exceptional power. Reporting by Fernando Kallas Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.
Persons: Lamine Yamal, Luis de la Fuente, Yamal, De la Fuente, Kepa Arrizabalaga, David de Gea, Unai Simon, Kepa, David Raya, Dani Carvajal, Aymeric Laporte, Cesar Azpilicueta, Robin Le Normand, David Garcia, Pau Torres, Alejandro Balde, Rodri, Martin Zubimendi, Fabian Ruiz, Mikel Merino, Alex Baena, Dani Olmo, Alvaro Morata, Marco Asensio, Lamine, Nico Williams, Abel Ruiz, Fernando Kallas, Toby Davis Organizations: Georgia, Villarreal, Manchester United, Athletic, Arsenal, Thomson Locations: MADRID, Spain, Cyprus, LaLiga, Moroccan, Barcelona, Real Madrid, Gaya
CNN —Luis de la Fuente, the manager of the Spanish men’s national team, has apologized for visibly applauding the speech of beleaguered soccer chief Luis Rubiales at an assembly last Friday. De la Fuente was seen clapping at the event in the front row of the assembly on August 25, alongside women’s national team coach Jorge Vilda, who was doing the same. I believe that criticism was deserved, I understand it and I apologize,” de la Fuente continued, adding that he would not be resigning despite facing criticism for his apparent show of support. I’ve made reference to it before: I’m on the side of equality and respect.”When reporters asked why his response had taken so long, de la Fuente apologized further. “It was a human mistake, I was under a lot of psychological pressure and I am sorry,” he said.
Persons: CNN — Luis de la Fuente, Luis Rubiales, De la Fuente, Jorge Vilda, Rubiales, Jennifer Hermoso, la Fuente, , , I’ve, Pedro Rocha, Rocha Organizations: CNN, Spanish men’s national, women’s, FIFA, Royal Spanish Football Federation, Champions League Locations: Spain, Georgia, Cyprus, Spanish, Monaco
Those words from Marco Oliveira, a 50-year-old graphic designer from Portugal, underscore a deep lying annoyance in Europe with people bemoaning a lack of return on their savings despite surging interest rates. This, in practice, should translate into higher rates both on mortgages, but also on deposits. The key metric used by analysts is the deposit delta — which represents the increase in policy rates that banks pass through to the interest rates on deposits. For instance, Croatia's deposit delta is 12%, Cyprus is 30% and Portugal stands at 32%. And indeed, Portuguese banks show one of the lowest deposit delta, being the fifth worst in Europe," Teixeira said.
Persons: Marco Oliveira, Carlos Stilianopoulos, Marta Ferro Teixeira, Teixeira, Nicolas Charnay, Filipe Garcia, Banks, Garcia Organizations: Bank SA, Bloomberg, Getty, CNBC, European Central Bank, ECB, ABN Amro, ABN AMRO, P Global, P, SA, Reuters Locations: Thessaloniki, Greece, Portugal, Europe, Cyprus, France, Italy, Portuguese, Barcelona, Spain, PNL,
[1/2] A view of watches seized during a police raid, in Singapore, in this handout picture released on August 16, 2023. He faced new charges related to the seizure from him of three properties, more than S$6 million in six bank accounts, cryptocurrencies and a car worth over S$1 million. Their lawyers sought bail but gave no indication of how the suspects would answer the money laundering allegations. Eight more suspects are wanted and 12 are assisting in investigations, police have said. ($1 = 1.3520 Singapore dollars)Reporting by Xinghui Kok; Editing by Martin PettyOur Standards: The Thomson Reuters Trust Principles.
Persons: Chen Qingyuan, Su Wenqiang, Xinghui Kok, Martin Petty Organizations: Singapore Police Force, Facebook, REUTERS, Rights, Thomson Locations: Singapore, Cyprus, Cambodia, Dominica, China, Turkey, Vanuatu
For Cyprus, it's a move away from its longtime partner in Russia, but Turkey isn't happy about it. Cyprus has made "important strides" in its military and security cooperation with the US, Michalis Giorgallas, Cyprus' minister of defense, told Insider in response to written questions. Giorgallas told Insider. "This trajectory will continue," Giorgallas told Insider, adding that after the National Guard partnership, "our defense cooperation with the US has become irreversible and we look forward to what's to come." Giorgallas told Insider that the area is historically an unstable one and that the instability has become more visible in more domains, such as at sea and in the air over the region.
Persons: it's, Michalis Giorgallas, aren't, ROY ISSA, Panteleyev, Yiannis Kourtoglou, Giorgallas, John Yountz, , IAKOVOS HATZISTAVROU, Christopher Cavoli, BIROL BEBEK, Constantine Atlamazoglou Organizations: Service, NATO, UN, Getty, Cypriot, Russian Navy, Airbus, US Army, Staff, Military Education, Training, Cypriot National Guard, New Jersey National Guard, National Guard, US European Command, Turkish, Fletcher School of Law, LinkedIn, Twitter Locations: Republic of Cyprus, Cyprus, Russia, Turkey, Wall, Silicon, Europe, East, North Africa, Moscow, Turkish Republic of Northern Cyprus, Ankara, Washington, Crimea, Ukraine, Limassol, AFP, US, Nicosia, Larnaca, John Yountz Cypriot, Cypriot, Greece, Tartus, Northern Cyprus
Stick with us, and we'll show you how to watch the 2023 US Open with free live streams available to virtually anyone. How to watch the US Open live stream free from anywhereYou can catch most of the key US Open action using one of the free live streams available. When: August 28 - September 10How to watch the US Open in the USAESPN has the rights to the US Open live streams in the US. How to watch the US Open for free in New ZealandTVNZ is streaming the US Open free online. How to watch the US Open in EuropeMost European countries can stream the US Open through Eurosport.
Persons: Novak Djokovic, Carlos Alcaraz, Daniil Medvedev, John Isner, Iga, Coco Gauff, Marketa, We've, you'll, ExpressVPN, Stan Sport Organizations: New Zealand, TVNZ, ESPN, USA ESPN, ESPN2, ESPN Deportes, ESPN Plus, Subscription, Australia Viewers, New Zealand TVNZ, Sky Sports, Sports Network, TSN, Bell, TSN Plus, Eurosport, Tennis, Sunday Locations: Australia, New, 9Now, New Zealand, Canada, Europe, Albania, Andorra, Armenia, Azerbaijan, Belgium, Bosnia, Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Georgia, Greece, Hungary, Iceland, Israel, Kazakhstan, Kosovo, Kyrgyzstan, Latvia, Liechtenstein, Lithuania, Luxembourg, Macedonia, Malta, Moldova, Montenegro, Netherlands, Norway, Poland, Portugal, Romania, Serbia, Slovakia, Slovenia, Sweden, Switzerland, Tajikistan, Turkey, Turkmenistan, Ukraine, Uzbekistan
Ole Lehmann, a crypto trader who lost money when FTX crashed, spent months experimenting with and creating content with help from ChatGPT. Earlier this month, he launched a course teaching entrepreneurs how to use AI to create marketing content. I was a crypto trader and investor for over six years. Two months later, in early August, the AI Audience Accelerator course, which teaches solopreneurs how to use AI to create content that could help market their businesses, was born. Everyone says you have to create content to get customers, but most people don't have the time or frameworks for how to do that.
Persons: Ole Lehmann, FTX, he's, Lehmann, Insider's Aaron Mok, , OpenAI, I've, Anthropic's chatbot, Claude Organizations: Canada Locations: ChatGPT, Cyprus
An inaccurate table of record-high temperatures in Europe circulating online shows that a handful of records set before 1950 still stand, but also that most records in specific cities were set after 2000. !” to imply that recent heat records set in Europe are not new. However, the post’s implication that record-high temperatures disprove climate warming is unsupported by further evidence. Temperatures for Europe as a whole show long-term warming trends with several countries having revised their all-time heat records over the past few years. Historical local heat records are not evidence for or against overall climate warming.
Persons: , Belgium’s, Copernicus, Read Organizations: State, Reuters Locations: Europe, Cyprus, Spain, Italy, England, Ventspils, Daugavpils, Begijnendijk, Uccle, Slovenia, Netherlands
CNN —The burned bodies of 18 people were found as wildfires ripped through Greece on Tuesday and countries across Europe sweltered under yet another extreme heat wave. As dozens of wildfires scorch Greece, other parts of the region are suffering under intense heat, as Europe’s summer of extremes continues. Red heat warningsAs parts of Greece and Spain burn, temperatures are reaching record levels in other parts of Europe. These regions are all experiencing very high temperatures, with some pushing above 40 degrees Celsius (104 degrees Fahrenheit). Savona, in the northwest, saw an all-time record high of 39.1 degrees Celsius (102.4 Fahrenheit) on Monday.
Persons: Yiannis Artopios, Nikos Gioktsidis, “ I’ve, I’ve, Spyros Bakalis, Alexandroupolis, Dimitris Alexoudis, Artopios, Pedro Sánchez, , MeteoAlarm, Igor Ferreira, Montbel, Alain Pitton, Aurélien Rousseau, Maximiliano Herrera, Martin, Rousseau, MeteoSchweiz Organizations: CNN, Reuters, Emergency Management Service, Firefighters, Getty, European Union, country’s, BFMTV, Puy St, Northern Locations: Greece, Europe, Athens, Alexandroupolis, Prodromos, AFP, Thrace, Cyprus, Romania, ANMA, Rhodes, Tenerife, Canary, Spanish, Spain, France, Drôme, Haute, Loire, Rhône, Puy, Italy, Savona, Switzerland, Swiss
Scuffles broke out on Friday between U.N. peacekeepers and Turkish Cypriot security personnel when peacekeepers tried to prevent roadworks starting in an area the U.N. says is part of a buffer zone under its jurisdiction. Erdogan also said Turkey will continue to side with the Turkish Republic of Northern Cyprus (TRNC), a breakaway state recognised only by Ankara. Turkish Cypriot authorities want to build a road that would give residents of Pyla/Pile, a village in the U.N.-administered buffer zone, direct access to territory under Turkish Cypriot control. Turkish Cypriot authorities say the peacekeeping force, known as UNFICYP, overstepped its boundaries. Turkish Cypriot leader Ersin Tatar characterised the road project as essential.
Persons: Tayyip Erdogan, Anitkabir, Mustafa Kemal Ataturk, Erdogan, Scuffles, Ersin Tatar, Ezgi, Jonathan Oatis Organizations: Supreme Military Council, Presidential Press, REUTERS, Rights, United Nations, Peacekeeping Force, Turkish Cypriot, Thomson Locations: YAS, Ankara, Turkey, Rights ISTANBUL, Cyprus, Pyla, U.N, Turkish, Turkish Republic of Northern Cyprus, Turkish Cypriot
U.N. peackeepers were manhandled by personnel in Turkish Cypriot police and military uniforms, a witness said. Turkish Cypriot bulldozers had moved U.N. trucks, cement bollards and barbed wire in the United Nations-administered buffer zone splitting the island. The controversy is centred around plans by Turkish Cypriot authorities to build a road traversing the territory which the United Nations says is under its control. Turkish Cypriot authorities are planning to build an 11.5 km road linking Pyla/Pile to a neighbouring community which lies in breakaway north Cyprus. It had been in talks with Turkish Cypriot authorities over their plans, and work had started without the requisite agreement from the U.N., Siddique said.
Persons: Scuffles, Aleem Siddique, Siddique, Michele Kambas, Angus MacSwan Organizations: United Nations, Turkish Cypriot, . Security, UN, Greek Cypriot, The United Nations, Turkish, Thomson Locations: NICOSIA, Turkish Cypriot, Cyprus, Turkish, British, United States, Britain, France, United, Pyla, United Nations, Greek
[1/5] A view of watches seized during a police raid, in Singapore, in this handout picture released on August 16, 2023. The raids on at least nine locations netted assets totalling a staggering S$1 billion, police said. A police statement said the group was suspected to be laundering proceeds from overseas organised crime, including scams and online gambling. Singapore has in recent years seen an influx of foreign money. ($1 = 1.3618 Singapore dollars)Reporting by Xinghui Kok; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.
Persons: David Chew, Xinghui Kok, Raju Gopalakrishnan Organizations: Singapore Police Force, Facebook, REUTERS Acquire, Rights, Cypriot, Police, Monetary Authority, Thomson Locations: Singapore, Orchard, Sentosa, tony, China, Cambodia, Cyprus, Vanuatu, Chew
The biggest change in water demand will occur in sub-Saharan Africa according to the report, which projects a 163% increase in water demand by 2050. In North America and Europe, water demand has plateaued, helped by investment in water use efficiency measures. In the US, six states experience extremely high water stress, according to the report. People collect drinking water from in Cape Town on January 19, 2018, during a water crisis which saw the city nearly run dry. The report suggests various measures to prevent water stress spilling into a water crisis.
Persons: , Samantha Kuzma, “ I’ve, ” Kuzma, Will Lanzoni, Kuzma, , Charles, Rodger Bosch, Dieter Gerten, Organizations: CNN, Ocean Program, UN, Getty, Potsdam Institute, Climate Impact Research Locations: Bahrain, Cyprus, Kuwait, Lebanon, Oman, Lake Mead, Boulder City , Nevada, East, North Africa, Africa, Saharan Africa, North America, Europe, Colorado, Arizona, New Mexico, Charles Iceland, Cape Town, AFP, Vegas, Singapore
[1/3] Charles McGonigal, a former FBI official who has been charged with working for sanctioned Russian oligarch Oleg Deripaska, arrives at Federal Court in New York City, U.S., August 15, 2023. At the time, McGonigal pleaded not guilty to four criminal counts including sanctions violations and money laundering. McGonigal told the court he was "deeply remorseful" for his actions. U.S. District Judge Jennifer Rearden is scheduled to sentence McGonigal on Dec. 14. U.S. prosecutors charged McGonigal as they ramped up efforts to enforce sanctions on Russian officials and police their suspected enablers following the Russian invasion of Ukraine in February 2022.
Persons: Charles McGonigal, Oleg Deripaska, Brendan McDermid, McGonigal, Vladimir Potanin, Seth DuCharme, Jennifer Rearden, Matthew Olsen, Washington, Jody Godoy, Grant McCool Organizations: FBI, Court, REUTERS, Prosecutors, Deripaska, U.S . Department of Justice's National Security Division, Kremlin, Thomson Locations: Russian, New York City, U.S, New York, Manhattan, Russia, Cyprus, New Jersey, Ukraine, Nornickel
Under the plea deal, the maximum prison term Mr. McGonigal could serve is five years, instead of the sentence of up to 20 years he might otherwise have faced. In court, Mr. McGonigal told the judge that he had known he could not legally perform services for Mr. Deripaska, who was placed on a U.S. sanctions list in 2018. The plea brings the prosecution of Mr. McGonigal, 55, in New York to a relatively speedy conclusion after fewer than seven months. agents in January at John F. Kennedy Airport upon his return from an overseas business trip. Mr. McGonigal has pleaded not guilty to those charges but is in talks to resolve them; his lawyer, Seth D. DuCharme, told the judge overseeing the Washington case that he expected to provide an update on the talks after Labor Day.
Persons: McGonigal, Deripaska, Vladimir Potanin, Potanin, John F, Seth D, DuCharme Organizations: Mr, Kennedy, Washington, Labor Locations: Cyprus, New Jersey, New York, Washington, Eastern Europe
SINGAPORE, Aug 11 (Reuters) - Three bulk carriers were robbed in the Singapore Strait earlier this week, a Singapore-based regional maritime security centre on Friday. One of the busiest commercial waterways in the world has seen a spike in piracy in recent years. The incidents of "petty crime" happened between Aug 8-9, when the ships were in the Phillip Channel in the Singapore Strait, said the Information Fusion Centre, which is a regional facility hosted by the Singapore navy. One of the ships was flagged to Cyprus, while the other two carried Liberia flags, the centre said in a statement. "Majority of the incidents involved bulk carriers, and tugs and barges with low freeboard and slow speed while underway, and the incidents occurred in hours of darkness," it said.
Persons: Xinghui Kok, Kanupriya Kapoor Organizations: Information Fusion, Singapore, Thomson Locations: SINGAPORE, Singapore, Cyprus, Liberia, India, Indonesia, South Korea
But in the adjacent 560-square-foot room — reached through a large glass door — the couple’s priorities become clear: The 19th-century oak table at which Råman works, a relic from a nearby castle, sits in the center of the almost empty space. Every piece has a story: “This is a French pipe for bird hunting calls,” she said, picking up a thin carved wooden straw. “This one with the little pouf at the end? And here are my grandfather’s calipers, which I use constantly. “They remind me of my life,” she said.
Persons: , Michael Anastassiades, Råman Organizations: Okko Locations: Swedish, French, London, Cyprus
The logo of the European Central Bank (ECB) is pictured outside its headquarters in Frankfurt, Germany, April 26, 2018. This is forcing a change of tune at the ECB -- from ruling out a pause in its steepest and longest streak of interest rate hikes to openly talking about one as soon as next month. Higher borrowing costs hurt manufacturers particularly hard because they depend on investment and no euro zone country has a larger industrial sector than Germany. "They've made a mistake in accentuating underlying inflation too much," said Carsten Brzeski, global head of macro for ING Research, said. And ECB board member Fabio Panetta then made the case for "persistence" in keeping rates high rather than raising them further.
Persons: Kai Pfaffenbach, Richard Portes, It's, Emperor Nicholas I of Russia, Ralph Solveen, Portes, They've, Carsten Brzeski, Ricardo Reis, Fabio Panetta, Francesco Canepa, Mark John, Christina Fincher Organizations: European Central Bank, REUTERS, ECB, London Business School, Berlin, ING Research, London School of Economics, ABN, AMRO, Thomson Locations: Frankfurt, Germany, FRANKFURT, Greece, Italy, China, Russia, United States, Portugal, Ireland, Spain, Cyprus, Europe, Ottoman Empire, Ukraine
The logo of the European Central Bank (ECB) is pictured outside its headquarters in Frankfurt, Germany, April 26, 2018. This is forcing a change of tune at the ECB -- from ruling out a pause in its steepest and longest streak of interest rate hikes to openly talking about one as soon as next month. Higher borrowing costs hurt manufacturers particularly hard because they depend on investment and no euro zone country has a larger industrial sector than Germany. "They've made a mistake in accentuating underlying inflation too much," said Carsten Brzeski, global head of macro for ING Research, said. And ECB board member Fabio Panetta then made the case for "persistence" in keeping rates high rather than raising them further.
Persons: Kai Pfaffenbach, Richard Portes, It's, Emperor Nicholas I of Russia, Ralph Solveen, Portes, They've, Carsten Brzeski, Ricardo Reis, Fabio Panetta, Francesco Canepa, Mark John, Christina Fincher Organizations: European Central Bank, REUTERS, ECB, London Business School, Berlin, ING Research, London School of Economics, ABN, AMRO, Thomson Locations: Frankfurt, Germany, FRANKFURT, Greece, Italy, China, Russia, United States, Portugal, Ireland, Spain, Cyprus, Europe, Ottoman Empire, Ukraine, Commerzbank
Total: 25