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Inflation in the 20-nation euro zone eased to 2.4% in March, according to flash figures published on Wednesday, boosting expectations for interest rate cuts to begin in the summer. Economists polled by Reuters had forecast the rate would hold steady against the previous month at 2.6%. The core rate of inflation, excluding energy, food, alcohol and tobacco, cooled from 3.1% to 2.9%, also coming in below expectations. Markets expect the euro zone's central bank will begin lowering borrowing costs in June — a position reflected in the recent messaging of ECB decision-makers. "Inflation has declined despite a jump in energy inflation, and a boost from an early Easter.
Persons: European Central Bank —, Price, Robert Holzmann, Carsten Brzeski, Kamil Kovar, Kovar Organizations: Reuters, European Central Bank, ECB, ING, Moody's Locations: Rome, Italy, France, Spain, Germany, Austrian
If she does not course-correct, she’s headed for another shellacking by the circuit – and possible removal from the case. That statute outlines the parameters between a president’s official and personal records, and sets up processes for how official documents are preserved. If this were true, the mere fact that Trump took the documents with him from the White House would inherently turn them into personal records. Importantly, Smith asked Cannon to let both parties know “promptly” how she viewed the law. Ejecting her from the case would be extremely unusual and Smith does not mention seeking it in his papers.
Persons: Norman Eisen, Trump, Danya Perry, Perry Guha, Joshua Kolb, Jack Smith, Donald Trump’s, Smith, Aileen Cannon, Donald, Cannon, she’s, counterarguments, Cannon’s, , fashioning, Organizations: Democrats, Brookings, New, Public, CNN, Appeals, Circuit, Trump, Records, National Archives, Records Administration, White Locations: Lago, Bedminster , New Jersey
The 2-year Treasury note yield was flat at 4.712%. The 10-year Treasury note yield rose slightly Tuesday, adding to its gains from the previous session, as traders reassessed the possibility of the Federal Reserve cutting rates in June. The ISM manufacturing index rose to 50.3, up from 47.8 in February and significantly better than the 48.1 Dow Jones consensus estimate. Markets interpreted the unexpected return of U.S. manufacturing growth "as reducing the chances of meaningful Fed rate cuts," Dutch bank ING said in a research note. The Fed also said at the time that it still expects three quarter-percentage point cuts by the end of the year.
Persons: Gregory Faranello, Jeff Cox, Fred Imbert Organizations: Federal Reserve, Dow Jones, ING, AmeriVet Securities Locations: U.S
Cramer's Lightning Round: Tyler Technologies is a buy
  + stars: | 2024-04-01 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon Tyler Technologies' year-to-date stock performance. Stock Chart Icon Stock chart icon Kodiak Gas Services' year-to-date stock performance. Stock Chart Icon Stock chart icon Palantir's year-to-date stock performance. Stock Chart Icon Stock chart icon United Airlines' year-to-date stock performance. Stock Chart Icon Stock chart icon Fastly's year-to-date stock performance.
Persons: Tyler, stock's, you've, Vita, Vita Coco, Coco, I'm Organizations: Tyler Technologies, Cisco Systems, Kodiak Gas Services, United Airlines
These are the main aspects of working in Sweden that other cultures might find surprising. AdvertisementSupport for working parentsIn Sweden, parental leave has become an incubator for new ideas and people often change career direction during their leave. Being on leave gives you time to think with some distance from everyday life. I have been financially supported during my parental leave and as my children grow. Collective bargaining, another tenet of Swedish working culture, prioritizes employee needs and gives more power to the employee.
Persons: , Sofia Brandt, Ally, There's, they're VAB, I'd, wouldn't, that's Organizations: Service, Accenture, Business Locations: Gothenburg, Sweden, American, San Francisco, America
But with Russian forces still inside the country and millions of Ukrainians displaced from their homes, fighting on the frontlines, or living overseas, there is no election in sight. Although Sunday is the day the constitution says Ukraine should be voting, it also does not allow it during wartime. He would have voted for Zelensky five years ago if he had had the chance and would vote for him now. Last August, President Zelensky was asked for his position in an interview on Ukrainian television and sounded sympathetic to holding a poll. As the United States Congress continues to dither over new military aid, elections in Ukraine became folded into the debate by some Republicans.
Persons: Volodymyr Zelensky, Zelensky, Viktor Yanukovych, Mykola Lyapin, Kateryna Bilokon, Yanukovych, , Jamie Oliver, , , Oleksiy Koshel, Zelensky’s, Vivek Ramaswamy, Lindsey Graham, , ” Zelenskiy, Valentyn Ogirenko, Graham, Ruslan Stefanchuk, ” Stefanchuk, disenfranchisement, Oleksandr Voitko, Valerii, Maria Kostenko, Victoria Butenko Organizations: CNN —, Republicans, Sunday, Putin, CNN, Zelensky, Kyiv International Institute of Sociology, Russia, United States Congress, Republican Party, South, 47th Brigade, Locations: Ukraine, Kyiv’s, Europe, United States, , South Carolina, Kyiv, Russian, Avdiivka, Italy, Russia
Taiwan Sees US Support Unchanged No Matter Who Wins Election
  + stars: | 2024-03-27 | by ( March | At P.M. | ) www.usnews.com   time to read: +2 min
TAIPEI (Reuters) - Taiwan's foreign ministry said on Thursday it believes U.S. support will remain unchanged no matter who wins the presidential election, but it will stay on guard for Taiwan-China issues being "manipulated" as the campaign heats up. In a report to lawmakers, Taiwan's foreign ministry noted that even though the U.S. election's outcome was not certain, there was cross-party support for the island. Taiwan will continue to have balanced exchanges with both parties, but needs to be on guard for how Taiwan-China issues may feature in the election, the ministry added. Meeting Taiwan President Tsai Ing-wen in Taipei on Thursday, U.S. "This includes a strong Taiwan maritime strategy and how we can work together on shared goals to counter China on their increasingly aggressive actions in the region."
Persons: Trump, Joe Biden, Tsai Ing, Jack Bergman, Bergman, Donald Norcross, Jimmy Panetta, Taiwan's, Ben Blanchard, Fabian Hamacher Organizations: Taiwan, Republican, House Armed Services, Democratic Locations: TAIPEI, Taiwan, China, U.S, Taipei, United States
Abuja, Nigeria CNN —A Nigerian woman who wrote an online review of a can of tomato puree is facing imprisonment after its manufacturer accused her of making a “malicious allegation” that damaged its business. Her post, accompanied by a photo of an opened can of Nagiko Tomato Mix, produced by local company Erisco Foods Limited, sparked varied reactions from commenters, one of whom replied: “Stop spoiling my brother’s product. This case is due to be heard on May 20, her lawyer, Inibehe Effiong, told CNN. National police spokesman Olumuyiwa Adejobi told CNN he could not comment on the case as the matter was in court. Hard to proveNigerian legal and public affairs analyst Kelechukwu Uzoka told CNN that there are limits to the freedom of speech defense.
Persons: Nigeria CNN —, Chioma, ” Okoli, Okoli, Erisco, , , Inibehe Effiong, Nwokolo, who’s, Effiong, couldn’t, Olumuyiwa Adejobi, ” Adejobi, David, ” Effiong, Kelechukwu Uzoka, Eric Umeofia Organizations: Nigeria CNN, CNN, Facebook, Erisco Foods, Nigeria Police Force, Okoli, National, , Amnesty Locations: Abuja, Nigeria, Lagos, West African, , ” The Lagos, Erisco’s Lagos
Why are bidets just now getting popular in America?
  + stars: | 2024-03-24 | by ( Ramishah Maruf | ) edition.cnn.com   time to read: +8 min
It took a toilet paper shortage for some to come around to the 18th-century invention. A common reason why bidets aren’t used in the US is that during World War 2, American soldiers saw brothels utilizing bidets. Big Toilet PaperWhen the great toilet paper shortage hit in 2020, many Americans realized there could be another way to clean themselves. Using toilet paper had seemed, somehow, American, with toilet paper jokes a staple in bathroom humor and “TP-ing” a stereotypical rite of passage for teens. With the toilet paper mania, she decided to kill two birds with one stone and splurge on a Tushy.
Persons: bidets, – washlets, , James Lin, Lin, Miki Agrawal, Toto, “ Gosh, ” Joe, aren’t, Elisabeth of Bavaria, Carl Knoll, Joe, Agrawal, can’t, ” Atieh, ” Derek Rucker, Rucker, Mikaela Koelzer, Koelzer, ” Koelzer, Organizations: New, New York CNN, CNN, Carl Knoll Porcelain, Kellogg School of Management Locations: New York, bidetking.com, American, Michigan, France, Europe, East, East Asia, Japan, United States, Carlsbad, Gmunden, Spain, Indian, Illinois, Jordan, Chicago
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGood to see the Bank of Japan moving back into the 'realms of normality': ING economistRob Carnell of ING discusses the Bank of Japan's historic decision to raise interest rates for the first time in 17 years.
Persons: Rob Carnell Organizations: Bank of Japan, ING, Bank of
The BOJ will now look to utilize its short-term interest rate as its primary policy tool. It will employ an interest rate of 0.1% to current account balances held by financial institutions at the central bank from March 21, while encouraging the uncollateralized overnight call rate (another interest rate used as a policy lever by the bank) to remain at around 0 to 0.1% — effectively raising interest rates from -0.1% previously. It would resort to "nimble responses" in the form of increased Japan government bond purchases and fixed-rate purchases of JGBs, among other things, if there is a rapid rise in long-term interest rates. Japanese investors have looked elsewhere for better returns given years of artificially depressed interest rates in their home market. The Fed is due to announce its own interest rate decision on Wednesday.
Persons: Japan Alexander Spatari, Kazuo Ueda, Rob Carnell, BOJ, Ueda, Michael Brown, , JGBs, Vishnu Varathan, Hayden Briscoe, Briscoe Organizations: Japan's, Japan Inc, Asia, ING, CNBC, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, Mizuho Financial Group, Bank of America, Barclays, U.S . Federal, UBS Asset Management Locations: Dotonbori, Japan, Japan's, U.S, Mizuho's, Asia
New bank lending in China fell more than expected in February from a record high the previous month, even as the central bank seeks to spur sluggish economic growth and fight deflationary pressures. New bank lending in China fell more than expected in February from a record high the previous month, even as the central bank seeks to spur sluggish economic growth and fight deflationary pressures. Outstanding yuan loans grew 10.1% from a year earlier — the lowest on record — compared with 10.4% growth in January. Analysts polled by Reuters had predicted new yuan loans would fall to 1.50 trillion yuan in February from 4.92 trillion yuan the previous month and against 1.81 trillion yuan a year earlier. Chinese banks made 6.37 trillion yuan in new yuan loans in the first two months of 2024, data released by the central bank showed on Friday.
Organizations: People's Bank of China, Analysts, Reuters, ING, Consumer Locations: Beijing, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailProspects for the UK economy are getting brighter, economist saysJames Smith, developed markets economist at ING, discusses the economic recovery of the U.K., which notched 0.2% of growth in January.
Persons: James Smith Organizations: ING
John Oliver is getting swept up in the "Katespiracy" too. Oliver said he didn't care about where Kate Middleton had gone until he saw the doctored photo of her. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementIt's not just the internet — the "Katespiracy" has John Oliver in its clutches, too. The bizarre turn of events was puzzling for Oliver and Cohen, with the latter expressing his bemusement at Kate's apology.
Persons: John Oliver, Oliver, Kate Middleton, , It's, we've, Andy Cohen, Kate, Kensington, Wales, Cohen, Oliver hasn't, Queen Elizabeth II, Kate's, Prince William Organizations: Service, Associated Press, Reuters, Agence France, BI Locations: British
CNN —The president and board chairs of Columbia University have agreed to testify next month at a Congressional hearing on campus antisemitism. The House Education and Workforce Committee announced Monday it will hold a hearing on April 17 featuring Columbia President Minouche Shafik and the two co-chairs of the board of trustees: Claire Shipman and David Greenwald. The Columbia president declined the invitation due to a scheduling conflict, according to the Columbia Spectator. Last month, the House Education Committee widened its campus antisemitism investigation to include Columbia and demanded the Ivy League school turn over a wide range of documents to aid that probe. Shai Davidai, an assistant professor at the Columbia Business School, called Shafik a “coward” in a fiery speech last year criticizing the university president for failing to quiet “pro-terror” voices at the school.
Persons: Minouche Shafik, Claire Shipman, David Greenwald, Shafik, Penn, , Virginia Foxx, Eden Yadegar, ’ ”, Yadegar, Samantha Slater, Israel, Shai Davidai Organizations: CNN, Columbia University, Education, Workforce, Columbia, Harvard University, Massachusetts Institute of Technology, University of Pennsylvania, Columbia Spectator, Harvard, House, Committee, Ivy League, Israel, Columbia University Columbia, Department of Education, Columbia Business School Locations: Columbia, Israel
Read previewWarning: Spoilers ahead for the "Love Is Blind" season six finale. When Clay said "I don't" to AD at the altar in the season six finale of "Love Is Blind," the only one who was surprised was AD herself. AdvertisementMargarita was already an MVP when she first showed up earlier this seasonClay's mom first appears on "Love Is Blind" season 6 episode 9. NetflixClay's mom Margarita had already won legions of "Love Is Blind" fans over with her no-nonsense attitude when she first showed up in episode nine. The "Love Is Blind" season six reunion airs March 13 at 9 p.m.
Persons: , Clay, Margarita, Trevor, Margarita masterfully, Margarita doesn't, Clay —, Sarah Ann, DM'ing, they're, Here's, I've, I'm, Netflix It's, it's Organizations: Service, Business, Netflix Locations: Clay, Margarita, Chelsea, Jimmy's
Hong Kong CNN —China registered a surprise jump in foreign trade at the start of the year, partly because of strong demand from Russia, India and emerging markets in Africa and Latin America. China’s economy is battling a number of headwinds, including weak consumer and investor confidence, high youth unemployment and a long-running real estate crisis. Apart from the weak base effect, strong demand from emerging markets helped China’s trade surge at the start of the year. Meanwhile, China’s exports to Russia increased 12.5%, representing a slowdown from the rapid growth seen last year. “At the current juncture, it is likely too soon to call for a revival in China’s trade sector,” said HSBC analysts on Thursday.
Persons: , Nomura, , Lynn Song, Biden, Wang Wentao Organizations: Hong Kong CNN, Exports, European Union, , HSBC, Greater China, ING, European Commission, Wall Street Locations: Hong Kong, China, Russia, India, Africa, Latin America, Moscow, United States, Japan, Australia, Greater
The work report presented Tuesday by Premier Li Qiang to the National People’s Congress outlined plans for modest increases in overall spending and a hefty 7.2% jump in funding for the military. Li's work report is designed to showcase for the nation achievements in the past year and convey the top leadership's priorities for this year. Photos You Should See View All 60 ImagesApart from the ambitious growth target, “There is no reform, no liberalization, no action plan and no messaging of reassurance,” he said. — Another 10.4 billion yuan ($1.4 billion) will go to upgrading industries and modernizing manufacturing. “We will work to build China's self-reliance and strength in science and technology,” the report said.
Persons: it’s, Premier Li Qiang, Li, Xi Jinping's, James Zimmerman, , Tianchen Xu, What's, , Xu, ” Lynn Song Organizations: BEIJING, Premier, National People’s, Communist, American Chamber of Commerce, Economist Intelligence Unit, Baidu, Greater China, ING Economics, Locations: China, Beijing, Washington, Hong Kong, Greater
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewChina is laying out ambitious growth goals for 2024, and Beijing knows they'll be hard to hit. China — the world's second-largest economy — is targeting economic growth of around 5% this year, Li Qiang, the country's premier, announced on Tuesday. "Achieving the 'around 5%' growth target will be very challenging," Nomura economists wrote in a note on Tuesday. Economists are watching to see whether Beijing will inject more stimulus into its economy to help it hit its 5% growth target.
Persons: , they'll, Li Qiang, Li, Nomura, Lynn Song Organizations: Service, Business, National People's, ING, Nomura, Deutsche, Seng China Enterprises Locations: China, Beijing, Greater China, Hong Kong
The bank also keeps a close eye on core inflation, which strips out volatile food and energy prices. That annual figure dropped to 3.1 from 3.3 percent, but it is still significantly above the headline number. In Spain, the annual rate dropped to 2.9 percent from 3.5 percent in January. Italy and Latvia had the lowest inflation rates, below 1 percent. Bottom Line: It’s all about energy prices.
Persons: ” Carsten Brzeski Organizations: ING Locations: Central, Germany, France, Spain, Italy, Latvia, Austria, Croatia, Estonia
New York CNN —Jewish students at major universities told lawmakers on Thursday they feel unsafe on campus amid a surge in antisemitism. At a roundtable hosted by the House Education and Workforce Committee, students from Columbia University, the Massachusetts Institute of Technology and other schools described hearing violent chants on campus and complained administrators are not doing enough to fight antisemitism. “In the past five months, I have become traumatized,” said Talia Khan, a second-year graduate student at MIT. Eden Yadegar, a junior at Columbia University, described how Jewish students were attacked by people wielding sticks outside of the university library, and how she has been mocked on campus as well as on social media. The committee held a hearing in December questioning the presidents of Harvard, MIT and the University of Pennsylvania about antisemitism.
Persons: , , Talia Khan, ” Khan, Khan, Eden Yadegar, ’ ”, Yadegar, Samantha Slater, ” Slater, UPenn, Virginia Foxx, Foxx Organizations: New, New York CNN, Jewish, House Education, Workforce, Columbia University, Massachusetts Institute of Technology, MIT, Khan, MIT Israel Alliance, Education, An MIT, CNN, Israel, House, Workforce Columbia, University, Ivy League, Harvard, University of Pennsylvania, Department of Education Locations: New York, Rep, Harvard, Columbia
CNN —Israeli journalist and film director Yuval Abraham said he is receiving death threats and has canceled his flight home from the Berlin International Film Festival amid backlash to an acceptance speech in which he decried the “situation of apartheid” and called for a ceasefire in Gaza. Abraham and his Palestinian co-director Basel Adra accepted the Best Documentary award for their film “No Other Land,” which chronicles evictions and demolitions of Palestinian homes in the occupied West Bank by Israeli authorities, on Saturday. Their speeches were met with accusations of antisemitism by high-level German and Israeli officials, including the mayor of Berlin and Israel’s Ambassador to Germany. “I am still getting death threats and had to cancel my flight home. I’m free to move where I want in this land; Basel is, like millions of Palestinians, locked in the occupied West Bank.”He continued: “We need to call for a ceasefire.
Persons: Yuval Abraham, Abraham, Basel Adra, , ” Abraham, John Macdougall, Adra, , Kai Wegner, ” “, ” Ron Prosor, Organizations: CNN, Berlin, West Bank, Israeli, Potsdamer, Getty, Abraham’s, Bank, Basel, Locations: Gaza, Berlin, Germany, Israel, Basel, ” “ Berlin
What is happening is to a certain extent, an element of a civil war,” Putin claimed. The island remained a Japanese colony for half a century until the end of World War II, when it came under the control of China’s ruling Nationalist government. Today Xi is expanding China’s military at a pace the world hasn’t seen in a century – since before World War Two. Long-time China analyst Steve Tsang, author of “If China Attacks Taiwan,” once told me that Xi’s military build-up is, by comparison, larger than Nazi Germany and Imperial Japan combined. Many here in Taiwan fear it’s only a matter of time before Xi, like Putin, puts his words into action.
Persons: Taiwan CNN —, Kolas Yotaka, Tucker, Vladimir Putin, “ Putin, Xi, , Putin, Xi Jinping, ” Yotaka, , Jens Stoltenberg, , ” Stoltenberg, it’s, ” China’s, Russia –, Carlson, ” Putin, Critics, Chiang Kai, shek, ” Xi, He’s, Tsai Ing, Steve Tsang Organizations: Taiwan CNN, Taiwan Presidential, Taiwan –, NATO, Munich Security, Communist Party, Russia, Observers, Nationalist, Communists, Taiwan’s National Chengchi, Democratic Progressive Party, Taipei, Xi, Navy, Global China, Atlantic Council, Taiwan Relations Locations: Taipei, Taiwan, Ukraine, Beijing, China, Russia, Soviet, Ukrainian, Soviet Union, Japan, Republic of China, Taiwan Strait, United States, Hong Kong, Nazi Germany, Imperial Japan, Washington
“Meaning, ice her,” said a person familiar with Trump’s trial schedule strategy. That would create a hole in Trump’s court schedule after the New York trial that no other case is positioned to fill. The special counsel’s office has repeatedly argued that the public, too, deserves to have Trump’s federal election case before a jury quickly, potentially even before the next presidential election. While Trump couldn’t be on trial simultaneously in two different courts, judges could have overlapping schedules initially because trial dates can often move. He’s not going to be in more than one criminal trial at the same time.”CNN’s Hannah Rabinowitz and Holmes Lybrand contributed to this report.
Persons: Donald Trump’s, Tanya Chutkan, , Aileen Cannon, Trump’s, Cannon, Aileen Canon, Obama, Chutkan, Trump, Stormy Daniels, , ” Trump, Todd Blanche, , it’s, applicant’s, Juan Merchan, ” Merchan, Blanche, ” Blanche, Merchan, Mr, He’s, ” CNN’s Hannah Rabinowitz, Holmes Lybrand Organizations: CNN, Trump, Quinnipiac University, New, Justice Department, Supreme Locations: Florida, Georgia, Washington, DC, Manhattan, York, Fort Pierce , Florida, New York
Taiwanese officials expressed concern to a visiting US delegation about stalled aid to Ukraine. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTaiwanese officials have expressed concerns about stalled US aid to Ukraine, fearing implications for US defense support in the event of a Chinese invasion. During a three-day visit to the self-governing island, Taiwanese officials repeatedly questioned a visiting US congressional delegation about US support for Ukraine, Politico reported. US and senior Taiwanese officials, including President Tsai Ing-wen and President-elect Lai Ching-te, attended the meetings.
Persons: Donald Trump, , Tsai Ing, Lai Ching Organizations: Service, Ukraine, Politico, Business Locations: Ukraine, China, Taiwan
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