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A pedestrian carrying an umbrella walks along the River Thames in view of City of London skyline in London, Britain, July 31, 2023. Finance executives, consultants and headhunters interviewed by Reuters predict subdued deal flows, modest bonuses for most and heavy job cuts in 2024. "2023 will ultimately be one of the lowest corporate finance fee pools in modern history," said Fabrizio Campelli, head of Corporate Bank and Investment Bank at Deutsche Bank. JOB CUTSBanks have already turned to cost cuts to try to weather the downturn, which in a people-intensive business means job losses. And although some bankers expect a tough 2024, others sense an opportunity for European banks from the Basel Endgame.

Persons: Hollie Adams, Fabrizio Campelli, Banks, Ronan O'Kelly, Oliver Wyman, O'Kelly, Dominic Hook, Goldman Sachs, Vis Raghavan, JP Morgan, Morgan McKinley's, Stephane Rambosson, headhunter, Rambosson, Ana Botin, Morgan's Raghavan, there's, Oliver Wyman's O'Kelly, Deutsche's Campelli, Anousha Sakoui, Carolyn Cohn, Jesus Aguado, Alexander Smith Organizations: REUTERS, LONDON, Finance, Reuters, Corporate Bank, Investment Bank, Deutsche Bank, Organisation for Economic Cooperation, Development, Barclays, Lloyds, Challenger Metro Bank, UBS UBSG.S, Citi, Workers, Global Investment Banking, Employment, European Union, Santander, Global, Basel, Thomson Locations: City, London, Britain, Europe, Middle East, Africa, Ukraine, West, China, United States, India, Madrid

☆ Georgia Republicans advance new US House map that maintains their edge
▼ + stars: | 2023-12-01 | by ( Joseph Ax | ) www.reuters.com time to read: +2 min

A general view of the Atlanta skyline includes the Georgia Capitol dome and a "Vote" sign atop the 100 Peachtree building, days ahead of nationally significant U.S. Senate and state governor elections in Atlanta, Georgia, U.S. November 6, 2022. In his Oct. 26 opinion, U.S. District Judge Steve Jones said that Georgia could not remedy the problem "by eliminating minority opportunity districts elsewhere." The new map would likely allow Republicans to maintain their current 9-5 advantage among the state's 14 U.S. House districts. In a statement, the Republican speaker of the state House, Jon Burns, said the new map "fully complies with the judge's order." McBath's campaign manager, Jake Orvis, said in a statement, "Georgia Republicans have yet again attempted to subvert voters by changing the rules."

Persons: Jonathan Ernst, Lucy McBath, Steve Jones, Brian Kemp, Jon Burns, Jake Orvis, Joseph Ax, Will Dunham Organizations: Georgia Capitol, Senate, REUTERS, Georgia Republicans, . House, voters, Republican, Democratic U.S, District, Legislators, McBath, Thomson Locations: Atlanta, Georgia, Peachtree, Atlanta , Georgia, U.S, Black, United States, Georgia's, New York

☆ Nashville added nearly 100 new residents per day in 2022. Here's why people are moving to Music City
▼ + stars: | 2023-11-30 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +4 min

Over the past 30 years, Nashville, Tennessee — a city known for country music — has seen a flood of transplants moving from higher-cost cities. For new residents, "everybody has a different story," said Jeff Hite, chief economic development officer of the Nashville Area Chamber of Commerce. In 2022, the Nashville metropolitan area grew by about 35,624 people, or roughly 98 new residents per day, according to Census data compiled by the Nashville Area Chamber of Commerce's Research Center. Since 1990, the population has grown 81%, with more than two— million residents in the Nashville metropolitan area in 2022. Attracted to a "central location," some 43% of downtown residents moved from out of state, survey data from the Nashville Downtown Partnership shows.

Persons: John Greim, —, Jeff Hite, Hite, Nina Dietzel, Tom Turner, Turner, we've, we're Organizations: LightRocket, Nashville Area, of Commerce, Commerce's Research, Nashville, Images Downtown, Nashville Downtown Partnership, Partnership, Vanderbilt University Locations: Nashville, Nashville , Tennessee, Los Angeles, Chicago, San Francisco, San Diego and New York, Images Downtown Nashville

☆ Nashville's real estate boom has builders scrambling and residents facing sky high prices
▼ + stars: | 2023-11-30 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +6 min

The Nashville building boom is in full effect, despite higher interest rates, higher home prices and a weaker national economy. During the Great Recession after the 2008 financial crisis, workers were looking for an urban vibe but with cheaper housing. While home prices nationally are up 47% from the start of the pandemic, Nashville prices are up 55%, according to ICE Mortgage Technology. "What we're seeing housing prices and rents go to is very foreign to what they would call affordable," said Eldridge. Gallagher has been working in Nashville's commercial real estate sector since moving to the city over a decade ago.

Persons: We've, John Eldridge, Eldridge, John Burns, CNBC he's, haven't, It's, Madison Cartularo, I've, Cartularo, Janelle Gallagher, Nashville . Gallagher, she's, that's, Gallagher, Bill Lee Organizations: Istock, Getty Images Nashville, E3 Construction, John Burns Research, Consulting, CNBC, Nashville, ICE Mortgage Technology, ICE, CBRE Locations: Nashville , Tennessee, Nashville, Los Angeles, Redfin, United States, New Yorker, Tennessee

☆ Nashville's startup scene is booming. Here's why investors and founders are moving to 'Music City'
▼ + stars: | 2023-11-30 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +11 min

NASHVILLE, TENNESSEE - SEPTEMBER 1, 2019: Tourists visit the bars and country music venues in the Lower Broadway entertainment district in Nashville, Tennessee. As more investors and founders are flocking to explore Nashville's booming health care and technology scene, Shah said he gets recognized regularly. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty ImagesNicknamed "Music City," Nashville is chock-full of country singers and perpetually buzzing with live music. (Photo by Robert Alexander/Getty Images) Robert Alexander | Archive Photos | Getty ImagesNashville's health tech startup scene has also benefited from significant investment from local organizers and government officials. Eligible Nashville entrepreneurs can also become members of the Greater Nashville Technology Council and the Nashville Health Care Council.

Persons: Robert Alexander, Robin Shah, Shah, Pavlo Gonchar, Kyle Cooksey, Bill Frist, Cooksey, John Bass, Bass, Ellen Herlacher, Luke Benda, it's, Cerner, It's, Vanderbilt, Marcus Whitney, Whitney, Benda, Landon Gibbs, Gibbs, Raelyn Wilson, Wilson Organizations: Tourists, Broadway, Getty, Thyme, CNBC, Nashville, Nashville Health Care, Healthcare, HCA, Community Health Systems, Acadia Healthcare, Vanderbilt University, Vanderbilt University Medical Center, Belmont University, Meharry Medical, Monogram Health, Downtown, Istock, Amazon, Oracle, Bank, Greater Nashville Venture Capital Association, Center, Nashville Area, of Commerce, Force, Ventures, Greater, Greater Nashville Technology Council, Nashville Health Care Council, HCA Healthcare Locations: NASHVILLE , TENNESSEE, Nashville , Tennessee, Fort Lauderdale , Florida, Nashville, UKRAINE, U.S, Acadia, Downtown Nashville , Tennessee, Music City, Rocky, Colorado, Boston, Greater Nashville, Cumberland

☆ Moby Don: Trump's fraud-trial 'victim,' Deutsche Bank, praised him as a lucrative 'whale' in fawning in-house documents
▼ + stars: | 2023-11-29 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

Reps from Deutsche Bank, which NY says was defrauded, described actually prospering thanks to Trump. Advertisement"We are whale hunting," former Deutsche Bank executive Rosemary Vrablic told her fellow bankers of Trump in an email from 2011, soon after son-in-law Jared Kushner offered to make an introduction. She contends that Deutsche Bank was defrauded out of more than $100 million in interest income. As a sophisticated international lender, the bank did its own risk analysis, apart from Trump's net-worth statements, the defense has argued. But the state has countered that any fact-checking, any profit-making, and any other non-victim-like behavior on the part of Deutsche Bank is besides the point.

Persons: Trump, —, Donald Trump's, Stans, Rosemary Vrablic, Jared Kushner, Vrablic, Donald, Trump attorney Jesus Suarez, Nam, Huh Trump, Arthur Engoron, Letitia James, Donald Trump , Jr, Ivanka Trump, Kevin Wallace Organizations: Trump, Deutsche Bank, Service, Trump - Deutsche Bank, Post, Washington , D.C, Trump attorney, Hotel, Tower, AP, AG, Trump Organization Locations: Manhattan, New York, Miami, Chicago, Washington ,

☆ I was raised in Virginia but didn't appreciate it until I left. Here's what I miss most about my home state.
▼ + stars: | 2023-11-28 | by ( Hayley Hutson | ) www.businessinsider.com time to read: +5 min

I was born and raised in Virginia but I didn't appreciate it enough until I left at 22. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . These are a few of the things I miss most about living in Virginia. I was less than an hour's drive away from Washington, DCThere's a special place in my heart for Washington, DC. The state has endless opportunities for outdoor adventureIf you're the outdoorsy type, Virginia has just about everything you could hope for.

Persons: —, I've, Mount, Marc Guitard, Malachi Jacobs, Brian Balik, you'll, it's Organizations: Service, National Museum of, Marine Corps, Shenandoah, Travel Locations: Virginia, Washington, Northern Virginia, Charlotte , North Carolina, Mount Vernon, Colonial Williamsburg, DC, Charlotte, Shutterstock Virginia, Loudoun County, Middleburg

An aerial view of the San Francisco city skyline in California, U.S., October 28, 2021. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsSAN FRANCISCO, Nov 28 (Reuters) - Videogame software provider Unity Software (U.N) will eliminate 265 jobs or 3.8% of its global workforce and end an agreement with a digital video effects company founded by the "Lord of the Rings" director as part of a "reset," the company said on Tuesday. Tuesday's announcement includes termination of the professional services piece of an agreement Unity struck with movie director Peter Jackson's visual effects company Weta FX in 2021 after Unity purchased the technology and engineering division of Weta FX. As a result, 265 employees whose jobs are related to the agreement will be laid off, the company said. Reporting by Anna Tong in San Francisco Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlos Barria, John Riccitiello, Jim Whitehurst, Roelof Botha, Peter Jackson's, Whitehurst, Anna Tong, Matthew Lewis Organizations: REUTERS, FRANCISCO, Unity Software, San, Unity, Sequoia Capital, FX, Weta, Reuters, Thomson Locations: San Francisco, California, U.S, Berlin, Singapore, Bellevue , Washington

☆ Kenya to begin privatisation drive, offers stakes in 11 companies
▼ + stars: | 2023-11-27 | by ( Duncan Miriri | ) www.reuters.com time to read: +1 min

FILE PHOTO: The Nairobi skyline is seen in the background as zebras walk through the Nairobi National Park, near Nairobi, Kenya, December 3, 2018. REUTERS/Amir Cohen/File Photo Acquire Licensing RightsNAIROBI, Nov 27 (Reuters) - Kenya will start its privatisation drive by offering stakes in 11 companies including the state oil pipeline, the finance ministry said on Monday. The 11 firms are among more than 35 companies that are slated for sale to partially help the government raise revenue in the face of growing debt repayments. "Privatisation and restructuring is geared towards the government's efforts for fiscal consolidation and spurring economic development," the ministry added. The government revised the law governing the sale of state companies last month to the eliminate bureaucracy that had made the process grind to a halt, the president said last week.

Persons: Amir Cohen, Duncan Miriri, Miral Organizations: REUTERS, Rights, Kenya Pipeline Company, Thomson Locations: Nairobi, Kenya, Rights NAIROBI

☆ German export sentiment improves in November - Ifo
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

A cargo ship is seen on river Main in front of the skyline during a summer evening in Frankfurt, Germany, August 13, 2023. REUTERS/Kai Pfaffenbach/File Photo Acquire Licensing RightsNov 27 (Reuters) - Sentiment among German exporters improved in November, although only a few sectors expected exports to increase, according to a survey by the Ifo economic institute released on Monday. The institute's export expectations indicator rose to minus 3.8 points in November from minus 6.3 points in October. "However, the export economy still isn't managing to develop any momentum," Klaus Wohlrabe, head of surveys at Ifo, said. "German companies have yet to benefit much from the economic upswing in many countries," he added.

Persons: Kai Pfaffenbach, Klaus Wohlrabe, Amir Orusov, Rachel More Organizations: REUTERS, Thomson Locations: Frankfurt, Germany, Ifo

☆ Take a look inside Singapore's public housing estates, where 80% of the resident population resides
▼ + stars: | 2023-11-26 | by ( Amanda Goh | ) www.businessinsider.com time to read: +2 min

Singapore's public housing apartments are home to about 80% of the country's resident population. AdvertisementSingapore's skyline would not be complete without its candy-colored, high-rise public housing apartment blocks. In the US, public housing is intended for low-income families, seniors, or people with disabilities. AdvertisementIn Singapore, however, it's a different situation: Public housing units are where about 80% of the country's resident population lives. And in Singapore, public housing does not mean inexpensive housing.

Persons: —, I've, It's Organizations: Service, Housing Development Board, Straits Times Locations: Singapore, New York City

☆ Thailand offers 10-year visas for investors in industrial east
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +1 min

Bangkok's skyline is photographed during sunset in Bangkok, Thailand, July 3, 2023. REUTERS/Athit Perawongmetha/File Photo Acquire Licensing RightsBANGKOK, Nov 24 (Reuters) - Thailand will offer 10-year visas for investors in targeted businesses in its industrial eastern region to attract foreign investment, a deputy prime minister said on Friday. The visa plan, which starts next year, will facilitate investors as the government seeks to ease restrictions, Phumtham Wechayachai told reporters. The government is also targeting higher overall actual investment of 500 billion baht ($14.23 billion) in the Eastern Economic Corridor (EEC) during 2023-2027, or 100 billion baht a year, he said. Actual investment in the EEC is now about 75 billion baht a year, Phumtham said.

Persons: Athit, Phumtham Wechayachai, Phumtham, Kitiphong Thaichareon, Orathai Sriring, Robert Birsel Organizations: REUTERS, Rights, Companies, Thomson Locations: Bangkok, Thailand, Rights BANGKOK, Southeast

☆ Germany's economy shrinks slightly in third quarter
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Kai Pfaffenbach/File Photo Acquire Licensing RightsBERLIN, Nov 24 (Reuters) - Germany's economy shrank slightly in the third quarter compared with the previous three months, data from its statistics office showed on Friday. The figure confirmed an initial estimate, published in late October, that saw Europe's largest economy shrink by 0.1%. In the second quarter, Germany's economy had grown by 0.1% after stagnating in the first three months of the year. Private consumer spending, which accounts for about two-thirds of GDP, was 0.3% lower than in the previous quarter, the statistics office said. The Bundesbank said in its monthly economic report on Monday that the German economy will likely shrink again in the fourth quarter and show signs of slight improvement early next year.

Persons: Kai Pfaffenbach, Ruth Brand, Thomas Gitzel, Miranda Murray, Linda Pasquini, Jamie Freed Organizations: REUTERS, Rights, Bank, Thomson Locations: Frankfurt, Germany, Europe

☆ Germany financial sector facing dark clouds, Bundesbank warns
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Kai Pfaffenbach/File Photo Acquire Licensing RightsCompanies Deutsche Bundesbank FollowFRANKFURT, Nov 23 (Reuters) - Germany's financial firms may be well capitalised now but face challenges ranging from rising interest expenditure and weak loan demand to unrealised losses, Bundesbank Vice President Claudia Buch said on Wednesday. "Almost two-thirds of savings banks and credit cooperatives now have unrealised losses throughout their banking book, which comprises loans as well as securities," Buch said in a statement. Buch warned that interest rate expenditure was likely to rise in the future, which will compress margins and weigh on earnings. Banks will struggle to offset higher costs via rising loan volumes since corporate demand is weak amid a recessionary environment. "Even in adverse scenarios, financial institutions should have sufficient levels of capital and liquidity to be able to absorb shocks on their own," Buch added.

Persons: Kai Pfaffenbach, Claudia Buch, Buch, Banks, Balazs Koranyi, Bernadette Baum Organizations: REUTERS, Thomson Locations: Frankfurt, Germany, FRANKFURT

The San Francisco skyline is seen behind a self-driving GM Bolt EV during a media event where Cruise, GM's autonomous car unit, showed off its self-driving cars in San Francisco, California, U.S. November 28, 2017. Cruise had in recent months touted ambitious plans to expand to more cities, offering fully autonomous taxi rides. GM lost more than $700 million at Cruise in the third quarter and more than $8 billion since 2016. Cruise has operations in Phoenix and Austin, where regulators have been more accommodating. As part of its previous expansion plans, Cruise had last year asked the National Highway Traffic Safety Administration (NHTSA) for permission to deploy up to 2,500 self-driving vehicles annually without human controls.

Persons: Elijah Nouvelage, Kyle Vogt, Daniel Kan, Cruise, Paul Jacobson, Mary Barra, Morgan Stanley, Adam Jonas, Waymo, Samrhitha, David Shepardson, Joe White, Sayantani Ghosh, Arun Koyyur Organizations: San, GM Bolt, REUTERS, General Motors, Cruise, GM, Reuters, United Auto Workers, FRANCISCO GM, Traffic Safety Administration, NHTSA, Thomson Locations: San Francisco, San Francisco , California, U.S, California, United States, Washington, Phoenix, Austin, Bengaluru, Detroit

In a photo taken on November 4, 2019 a subway train crosses a rail bridge over the Han river, before the skyline of the Yeouido business district of Seoul. Asia-Pacific markets largely rose on Tuesday, mirroring similar moves on Wall Street after a tech-fueled rally. Microsoft shares gained 2%, reaching a new 52-week high, after CEO Satya Nadella said former OpenAI chief Sam Altman will join the tech giant to lead a new AI research team. Chipmaker Nvidia also added 2.3%, closing at an all-time high for the stock ahead of its earnings report Tuesday. Investors in Asia will also assess South Korean producer prices for October, as well as New Zealand's October trade figures.

Persons: Satya Nadella, Sam Altman Organizations: Microsoft, Nvidia, Investors, South Locations: Seoul . Asia, Pacific, Asia, South Korean

☆ Russia says it scuppers more Ukrainian attempts to cross the Dnipro
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

The Russian defence ministry published a video which it said showed marines from the 810th Guards Naval Infantry Brigade defeating Ukrainian forces. It said Ukrainian forces were suffering heavy casualties and losing equipment in unsuccessful attempts to land on islands in the Dnipro. It is still unclear how significant the Ukrainian attempt to gain a foothold on the eastern bank of the Dnipro is. A Ukrainian counter-offensive has failed to make any significant gains this year against Russian forces. According to unverified reports by pro-Russian bloggers, Russia has been harrying Ukrainian forces near the village Krynky, near marshes on the eastern bank upriver from Kherson, from which Russia withdrew its forces in autumn 2022.

Persons: Stringer, Vladimir Putin, Guy Faulconbridge, Ed Osmond Organizations: REUTERS, Rights, Sea Fleet, Armed Forces, 810th Guards Naval Infantry Brigade, Ukrainian, Reuters, Russian, Russia, Thomson Locations: Dnipro, Ukraine, Zaporizhzhia, Russia, War, Russian, Crimea, Ukrainian, Kherson

☆ German budget crisis tests limits of its 'debt brake'
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +3 min

The ruling has sent budget talks into disarray and sparked calls within Chancellor Olaf Scholz's coalition to suspend a constitutionally enshrined "debt brake" that sets legal limits on borrowing. WHAT IS THE DEBT BRAKE AND WHY WAS IT INTRODUCED? HAS GERMANY SUSPENDED ITS DEBT BRAKE BEFORE? Some analysts say the debt brake is ripe for reform and a more flexible fiscal policy would let governments take on more debt to fund much-needed investments. The government is still weighing options, including suspending the debt brake or curtailing spending.

Persons: Kai Pfaffenbach, Chancellor Olaf Scholz's, Angela Merkel's, Christian Lindner, Carsten Brzeski, Philippa Sigl, Robert Habeck, Riham Alkousaa, Holger Hansen, Matthias Williams, Christina Fincher Organizations: REUTERS, Rights, Finance, Reuters, Thomson Locations: Frankfurt, Germany, GERMANY, Ukraine

☆ Explainer: GM-owned Cruise's wrong turn could slow robotaxi push
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +3 min

Robotaxis are autonomous self-driving cabs which require no human interaction to operate the vehicle. When did driverless cabs become a reality? Cruise followed with its first driverless ride service last year in San Francisco, and slowly expanded to include Phoenix, Arizona, and Austin, Texas. The use of driverless cabs also raises the prospect of job losses and could attract pushback from unions. Regulatory hurdles facing robotaxisCommercializing fully autonomous vehicles, especially robotaxis, has been harder than expected with tough regulations, complicated technology and heavy investments forcing some to cut jobs.

Persons: Elijah Nouvelage, Cruise, Here's, Waymo, Nathan Gomes, Devika Organizations: San, GM Bolt, REUTERS, General Motors, Companies, Technologies, Amazon.com, Ford, Volkswagen, Argo, Thomson Locations: San Francisco, San Francisco , California, U.S, United States, Phoenix , Arizona, Austin , Texas, Bengaluru

☆ The key to fighting the urban doom loop might be a downtown beach
▼ + stars: | 2023-11-18 | by ( Eliza Relman | ) www.businessinsider.com time to read: +10 min

Urban rivers, lakes, and parks can also be the key to making cities more resilient to climate change. The 1,200 tons of sand near Greenwich Village along the Hudson river would have to do. But there's no public pool nearby, and no sanctioned river swim spots in the city. The sandy bluff on Gansevoort peninsula is part of the much larger Hudson River park and looks out over Little Island, a whimsical, highly instagrammable transformation of Pier 55. Seattle has torn down an elevated freeway downtown to make way for a waterfront park.

Persons: Mia Olis, Olis, they'll, Amanda Weinstein, Hudson, Karin Balow, Eliza Relman, Bill O'Leary, Trey Sherard, It's, vVJ9elwcss, Sherard, Charles, satchel, Paris, Anne Hidalgo, he's Organizations: Service, University of Akron, Hudson, Inwood, New, Battery, Park, DC, Navy, Nationals, Anacostia, Prince, AFP, Agency, Army Corps of Engineers, Yacht Locations: Chelsea, Hawaii, Greenwich Village, Harlem, New York, Rivers, Upper Manhattan, Manhattan, Jersey City, New York City, Hudson, Little, Manhattan's, Brooklyn, Domino, Queens, Governor's, . Cleveland , Ohio, Lake Erie, Cuyahoga, . Seattle, Potomac, Anacostia, Washington , DC, Prince George's County , Maryland, Rio de Janeiro, Brazil, Iraja, Black, Boston, Switzerland's, Zurich, Lake Zurich, Bern, who's, American

☆ San Francisco is moving forward with its tallest-ever apartment building as California's new laws to fight the housing crisis start to pay off
▼ + stars: | 2023-11-17 | by ( Eliza Relman | ) www.businessinsider.com time to read: +3 min

A new law fast-tracking affordable and mixed-income housing is paying off in San Francisco. Plans for the tallest-ever apartment building in the city are being fast-tracked under the new state law. The tower at 530 Howard Street will be the tallest residential building in San Francisco and the third-tallest building citywide, the San Francisco Chronicle reported. Newsom signed more than 50 housing bills last month that loosen restrictions imposed by CEQA, fast-track affordable housing projects, and encourage more dense, infill residential construction. "Turning a parking lot into housing, including affordable housing, is exactly what we need to do to build a stronger, more resilient San Francisco," Breed said in a statement to the Chronicle.

Persons: —, Bill, Paul Paradis, Paradis, Gavin Newsom, Newsom, San Francisco Mayor London Breed, Breed Organizations: Service, Affordable, Commission, Supervisors, San Francisco Chronicle, JPMorgan Chase, Gov, CEQA, San Francisco Mayor London, Bloomberg Locations: San Francisco, Bay Area, Francisco, —, California, Washington

☆ Massive downtown Mexico City fire blackens skyline
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +1 min

[1/3] Smoke from a fire rises out of a shoe warehouse near the zocalo in Mexico City, Mexico November 16, 2023. Flames were visible from several kilometers away hours after the pillar of smoke began rising. Local media reported that the fire started in a warehouse near the city's historic center, in the Tepito district. Mexico City civil protection authorities said on social media platform X that there were no immediate reports of casualties, and that hundreds of people had been evacuated. Reporting by Mexico City Newsroom, editing by Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

Persons: Alexandre Meneghini, Deepa Babington Organizations: REUTERS, MEXICO CITY, Mexico City, Local, Thomson Locations: Mexico City, Mexico, MEXICO, Tepito

The city skyline is reflected in a puddle at sunrise following rainy weather in Sydney, Australia, August 28, 2022. REUTERS/Loren Elliott Acquire Licensing RightsSYDNEY, Nov 15 (Reuters) - Australia will on Thursday introduce two previously announced tax bills that will raise petroleum tax revenue and legislate the government's response to a national scandal over confidential tax plans leaked by a PwC Australia partner. The change is one of 11 recommendations from a Treasury review, eight of which the government adopted in August. The centre-left Labor government will also on Thursday introduce legislation prepared in response to revelations a former PwC Australia partner leaked confidential government tax plans then used it to drum up work with multinational companies. Chalmers in August announced a two-year Treasury review into the rules governing large consulting and auditing firms.

Persons: Loren Elliott, Jim Chalmers, Chalmers, Lewis Jackson, Miral Organizations: REUTERS, Rights, Petroleum, Rent, Labor, Thomson Locations: Sydney, Australia

☆ World economy to perform better than expected in 2024, says Goldman Sachs
▼ + stars: | 2023-11-14 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +3 min

The U.S. is expected to outpace other developed markets again with estimated growth of 2.1%, Goldman said. Goldman noted global manufacturing activity has been weighed down by a weaker-than-expected rebound in Chinese manufacturing and the European energy crisis, as well as an inventory cycle that had to correct for overbuilding last year. S&P Global's gauge of worldwide manufacturing activity came in at 49.1 in September. Additionally, China's Caixin/S&P Global manufacturing PMI fell to 49.5 in October from 50.6 in September, marking the first contraction since July. Manufacturing activity should recover somewhat in 2024 from a subdued 2023 pace, Goldman economists led by chief economist Jan Hatzius said, especially as "spending patterns normalize, gas-intensive European production finds a trough, and inventories-to-GDP ratios stabilize."

Persons: Goldman Sachs, Goldman, Jerome Powell, Jan Hatzius, China's Organizations: Bloomberg, U.S . Federal Reserve, Global, Goldman Sachs, P Global, PMI Locations: York, U.S, Japan

☆ Middle-class movers are heading to these three cities in search of affordability
▼ + stars: | 2023-11-13 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +6 min

Middle-class movers are choosing Las Vegas, Phoenix, and San Antonio as top destinations. It was the second-most popular destination for middle-class movers coming from out of state, the report said. While cities like Austin saw a surge in home prices, San Antonio has been able to maintain some of its affordability. AdvertisementAdvertisement"If you were to ask me, I'd still tell you San Antonio's more affordable than most cities in Texas," San Antonio real-estate agent Ricardo "Rico" Riojas, Jr. told Insider. San Antonio, Texas.

Persons: —, Andrew Arevalo, Getty Images Arevalo, Redfin, Arevalo, there's, he's, We've, Stephanie K, Dow, I'd, Ricardo, Rico, Riojas, Jr, Allan Baxter, San Antonio — Organizations: Service, Denver, Pew Research, Getty Images, MLS, Las Vegas, San Antonio, Getty, Austin Locations: Vegas, Phoenix, San Antonio, The Nevada, Arizona , Nevada , Florida, Texas, Sin, Colorado, Nevada and Colorado, Clark County, Las Vegas, Denver, California, Arizona, Phoenix , Arizona, San, . Texas, Austin, Antonio, Antonio , Texas

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