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Japan stocks soar as yen hits 1-year low
  + stars: | 2023-10-02 | by ( Kevin Buckland | ) www.reuters.com   time to read: +3 min
A passerby is reflected on an electric monitor displaying the graph of recent moments of the Japanese yen exchange rate against the U.S. dollar outside a brokerage in Tokyo, Japan May 2, 2023. U.S. stock futures rose 0.6%, pointing to a rebound from the S&P 500's 0.3% drop on Friday. Japanese stocks were also boosted by the Bank of Japan's quarterly Tankan survey, which showed an improvement in business sentiment. Brent December crude futures rose 18 cents, or 0.2%, to $92.38 a barrel after falling 90 cents at the end of last week. U.S. West Texas Intermediate crude futures gained 23 cents, or 0.3%, to $91.02 a barrel, after losing 92 cents on Friday.
Persons: Issei Kato, Korea's, Michele Bullock, Kevin Buckland, Edwina Gibbs Organizations: U.S, REUTERS, Rights, Nikkei, Golden, Bank, Brent, . West Texas, Thomson Locations: Tokyo, Japan, U.S, Hong Kong, China, New, expansionary
Stocks vs. bonds: What you need to know
  + stars: | 2023-10-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStocks vs. bonds: What you need to knowDan Suzuki, deputy chief investment officer at Richard Bernstein advisors, and Bob Michele, JPMorgan head of global fixed income, join 'The Exchange' to discuss treasury yields breaking highs from October 2007, higher valuation asset sensitivity to rising interest rates, and more.
Persons: Dan Suzuki, Richard Bernstein, Bob Michele Organizations: JPMorgan
Goldman Sachs is bullish on the bioenergy sector, calling it the "largest source of renewable energy in the world." Specifically, the bank's analysts, led by Michele Della Vigna, foresee growth in the areas of renewable diesel, sustainable aviation fuel, and renewable natural gas. Stock picks Several global stocks are slated to benefit from this push toward sustainability and the transition to renewable energy, Goldman said. Among its top picks is Neste , which it describes as the "biggest renewable diesel and sustainable aviation fuel producer in the world." The company turns edible by-products and food waste into sustainable products and is the largest renewable diesel producer in North America.
Persons: Goldman Sachs, bioenergy, Michele Della Vigna, Goldman, , — CNBC's Katrina Bishop Organizations: Renewable, Stock, ENI, U.S Locations: U.S, Italy, North America
Take Five: Roll on Q4!
  + stars: | 2023-09-29 | by ( ) www.reuters.com   time to read: +5 min
A possible shutdown would be further evidence of how political polarization in Washington is weakening fiscal policymaking, Moody's says. Economists polled by Reuters expect the U.S. economy created 150,000 jobs in September versus 187,000 in August. 2/ NEW CHIEF IN TOWNThe Reserve Bank of Australia's new governor Michele Bullock, the first woman to head the bank, chairs her first meeting on Tuesday. Meanwhile, New Zealand's Reserve Bank meets on Wednesday. With the cost of living a key election battleground, the drastic cut brings relief to those struggling with mortgage repayments.
Persons: Andrew Kelly, Ira Iosebashvili, Kevin Buckland, Harry Robertson, Karin Strohecker, Marc Jones, Joe Biden, Moody's, Michele Bullock, Bullock, Adam Glapinski, Dhara Ranasinghe, Sonali Paul Organizations: REUTERS, ., China, Democratic, Reuters, Reserve Bank of, New, Reserve Bank, Reuters Graphics Reuters, Equity, Treasury, Reserve, ING reckons, Thomson Locations: Manhattan , New York City, U.S, there's, Australia, Poland, Ira, New York, Tokyo, London, Washington, China, Beijing, Poland's
Accounts of suicidal thoughts linked to this class of drugs are drawing increasing scrutiny, including an investigation by European regulators announced in July. More than half of the narrative summaries describe suicidal thoughts appearing shortly after the person started the medicine or increased the dose. Wegovy’s U.S. prescribing label, produced with FDA approval, says suicidal thoughts or attempts have been reported in clinical trials for other weight-loss medicines. Sanofi's Acomplia, which never won U.S. approval, was withdrawn in Europe in 2008 after being linked to suicidal thoughts. She said she has not experienced any suicidal thoughts on that drug.
Persons: Dawn Heidlebaugh, Megan Jelinger, , Heidlebaugh, Eli Lilly, Thomas J, Moore, aren't, It’s, Novo, Dr, Erick Turner, Turner, Novo’s, drugmakers, Sanofi's, Sanofi, Contrave, John Amos, Lilly, Reuters weren’t, Lisa Wood, ” Wood, Sarah Sobol, you’re, Sobol, ’ ” Katherine, Jayson Chesnutt, Chesnutt, Robin Respaut, Chad Terhune, Maggie Fick, Ludwig Burger, Michele Gershberg, Brian Thevenot Organizations: REUTERS, Novo, U.S . Food, Drug Administration, Reuters, FDA, Johns Hopkins Bloomberg School of Public Health, Oregon Health & Science University, Novo Nordisk, U.S ., European Union, European Medicines Agency, U.S, Currax Pharmaceuticals, Vivus, Facebook, Thomson Locations: Findlay , Ohio, U.S, Ohio, Novo, Canada, Europe, Carolina, Buffalo , New York, North Carolina, Indiana
Defendants and lawyers attend a court hearing in the case of child deaths linked to contaminated cough syrups, in Tashkent, Uzbekistan August 16, 2023. Cough syrups made in India and Indonesia have been linked to deaths of more than 300 children globally. The medicines were found to contain high levels of DEG and EG, leading to acute kidney injury and death. IMPORT ALERTSThe FDA warning letters give manufacturers an opportunity to fix quality control problems or face penalties. In addition, 13 U.S. makers of consumer products like earwax removers, nasal spray, hand soap and shampoo, including Lex, were threatened with possible seizures and injunctions by the FDA.
Persons: Stringer, Paul Hastings, Peter Lindsay, syrups, Lex, Charlene Paz, Greg Landry, Patrick Wingrove, Rishika, Joyce Lee, Michele Gershberg, Bill Berkrot Organizations: REUTERS, U.S, FDA, Drug Administration, EG, Reuters, South, South Korea's LCC, LCC, Daxal Therapeutics, Herbals, South Korea’s KM Pharmaceutical, Sangleaf Pharma, Massachusetts College of Pharmacy & Health Sciences, Thomson Locations: Tashkent, Uzbekistan, U.S, India, South Korea, Switzerland, Canada, Egypt, Washington ,, Indonesia, United States, Florida, South Korea's, South, New York, Rishika Sadam, Hyderabad, Seoul
After disastrous years in 2020 and 2021, wildfire damage this season has been largely limited to the sparsely populated northwest corner of the state. Cal Fire has reported 5,474 wildfires burning 257,407 acres (104,169 hectares) in 2023, similar to the same period of 2022. The five-year average over the same interval is 6,142 fires and 1.2 million acres burned. "We're really only a prolonged heatwave followed by a windstorm away from having major fires," Chavez said. UCLA meteorologist Daniel Swain said climate change is going to result in more extreme dry years periodically interspersed with more extreme wet years.
Persons: Daniel Trotta, California's, Tim Chavez, Nick Schuler, Michele Steinberg, Chavez, Daniel Swain, we'll, Swain, Shri Navaratnam Organizations: of Water Resources, Labor, California Department of Forestry, Fire Protection, Cal Fire, National Fire Prevention, UCLA, YouTube Locations: California, Western Canada, United States, Hawaii, Lahaina, Southern California
Riverside Animal Control looks for stray dogs as as the Fairview Fire smoulders near Hemet, California, U.S., September 9, 2022. After disastrous years in 2020 and 2021, wildfire damage this season has been largely limited to the sparsely populated northwest corner of the state. The five-year average over the same interval is 6,142 fires and 1.2 million acres burned. "We're really only a prolonged heatwave followed by a windstorm away from having major fires," Chavez said. UCLA meteorologist Daniel Swain said climate change is going to result in more extreme dry years periodically interspersed with more extreme wet years.
Persons: David Swanson, California's, Tim Chavez, Nick Schuler, Michele Steinberg, Chavez, Daniel Swain, we'll, Swain, Daniel Trotta, Shri Navaratnam Organizations: Riverside, REUTERS, of Water Resources, Labor, California Department of Forestry, Fire Protection, Cal Fire, National Fire Prevention, UCLA, YouTube, Thomson Locations: Fairview, Hemet , California, U.S, California, Western Canada, United States, Hawaii, Lahaina, Southern California
A rendering of a bar area at the Core Club, a private membership club in Midtown Manhattan. A rendering of a terrace at the Core Club, a private membership club in Midtown Manhattan. A rendering of the Core Club, a private membership club in Midtown Manhattan. A rendering of the Core Club, a private membership club in Midtown Manhattan. A rendering of a dining area at the Core Club, a private membership club in Midtown Manhattan.
Persons: Casa Cipriani, Zero, Aman, Casa, Jeff Zalaznick, We've, restauranteur Nick Jones, Jennie Enterprise, Bond, Scott Sartiano, Kim Kardashian, Pete Davidson, Gigi Hadid, Zalaznick, Chef Michele Brogioni, Giorgio Armani, Mauro Pompili, Stephen Schwarzman, Roger Goodell, Tory Burch, Steven Roth, Estee, William Lauder Organizations: ZZ's Club, Core, ZZ's, Major Food Group, Aman, Industry, Soho House, CNBC, Club Club, Club New York, Dangene Institute, Manhattan, Enterprise, Blackstone, NFL Locations: Manhattan, Midtown, New York, Los Angeles, Miami, Vicente, Midtown Manhattan, Hudson, Aman, York, U.S, London, Soho, Milan, San Francisco
REUTERS/Michele Tantussi/File Photo Acquire Licensing RightsBERLIN, Sept 25 (Reuters) - The German government will put on indefinite hold plans to require more stringent building insulation standards, environment minister Robert Habeck told Reuters, an effort to help prop up the ailing building industry. The about-face from the German government comes ahead of a closely watched meeting between the building industry and government leaders with Chancellor Olaf Scholz on Monday to address a major slump in the sector. Abolition of the insulation standards has been a top demand of industry, which says the measures are too expensive and put a further damper on the depressed construction industry. "High interest rates and inflation are a heavy burden for the construction industry," Habeck told Reuters, noting that the insulation measures now "can wait". For years, low interest rates fuelled a global boom, igniting interest in German property, seen as safe and stable as the country.
Persons: Michele Tantussi, Robert Habeck, Chancellor Olaf Scholz, Habeck, Christian Kraemer, Tom Sims, Lisa Shumaker Organizations: REUTERS, Rights, Reuters, Reuters Graphics Germany, Thomson Locations: Berlin, Germany, United States, Sweden, China, Monday's
US credit card debt hit $1 trillion for the first time ever this year. And with those considerations, the hefty credit card balance in the US actually isn't much of a problem. According to Michele Raneri, the vice president of financial services research at Transunion, credit card utilization has stayed around 22%. Already, the delinquency rate on loans issued in 2023 is lower than the delinquency rate on loans issued in 2021 and 2022. That suggests credit card delinquencies will soon peak around the fourth quarter of this year before declining, he estimated.
Persons: That's, Mark Zandi, They've, Zandi, Michele Raneri, they've, Raneri, Gen Zers, Gen Z, LendingTree, Wells Fargo Organizations: Economists, Service, San Francisco Fed, stoke, of Labor Statistics Locations: Wall, Silicon
[1/7] The newly elected leader of Syriza leftist party, Stefanos Kasselakis walks outside the party's headquarters in Athens, Greece, September 25, 2023. Syriza was catapulted to power at the height of Greece's debt crisis in 2015, but lost to the conservative New Democracy party in 2019 and in June 2023. Kasselakis replaces Alexis Tsipras, a firebrand leftist whose anti-austerity rhetoric rallied voters around Syriza during the debt crisis. After coming to power, Tsipras was forced to accept a third international bailout and more austerity. Since Kasselakis is not a lawmaker, he will most likely need to appoint a party deputy to lead Syriza's parliamentary group.
Persons: Stefanos, Louisa Gouliamaki, Syriza, Alexis Tsipras, Goldman Sachs, Effie Achtsioglou, Kasselakis, Joe Biden, Tsipras, Nikos Pappas, Tyler Macbeth, Renee Maltezou, Michele Kambas, Emelia Organizations: REUTERS, ATHENS, Sunday, Syriza, New Democracy, ERT, Democratic, firebrand, Facebook, Kasselakis, Thomson Locations: Athens, Greece, Kasselakis, Achtsioglou, United States, Syriza, Cyprus, Turkish Republic of Northern Cyprus
The Great Gucci Reset Is Here
  + stars: | 2023-09-23 | by ( Vanessa Friedman | More About Vanessa Friedman | ) www.nytimes.com   time to read: +1 min
Sabato De Sarno, the designer who was essentially unknown outside the industry until he was handed the keys to the $10 billion Gucci kingdom earlier this year and tasked with reinventing a brand that had already been reinvented twice before — once by Tom Ford, as a uniform for sultry power players and then again by Alessandro Michele as a big-tent haven for fashion freakazoids high and low — called his first collection “Ancora.”That translates literally as “again.” But, he said in an interview a few weeks before the show, not again as in a retread, like “play it again, Sam” but as the “again, again, again” of desire: the feeling that, when you find something you love, you can never get enough. The feeing that, presumably, Gucci sparked in him, and that he (and his bosses) were hoping his Gucci would spark in consumers. The word was plastered all over posters around Milan teasing the show, on the invitations in a new Gucci burgundy red known as Ancora red and on the sleeve of a vinyl record for the after-party. It was hard to escape.
Persons: Sabato De Sarno, , Tom Ford, Alessandro Michele, Sam ”, Gucci Organizations: Gucci Locations: Milan
Yet, if Gucci’s new designer Sabato de Sarno was rattled before he took his bow for the Italian luxury house at Milan fashion week on Friday, he didn’t show it. Where Michele was an overt maximalist with retro references, de Sarno mined the Gucci archive and codes in a more stripped-back way. Oxblood red dominated the collection, inspired by The Savoy hotel in London where Guccio Gucci worked in the late 1800s. The bling was, in fact, a reference to the Marina jewelry collection that appeared in Gucci campaigns in the late 1960s. The rest of the embellished crystal designs were inspired by embroideries de Sarno found on 1960s clutch bags in the Gucci archive.
Persons: Milan, Sabato de Sarno, Alessandro Michele’s, De Sarno, Julia Roberts, Ryan Gosling, Jessica Chastain, Kendall Jenner, Julia Garner, Francois, Henri Pinault, Swan, Gucci Ancora ”, , de Sarno, Prada, Gabbana, Valentino, Michele, Jackie, , Guccio Gucci, Daniele Venturelli, “ Rosso Ancora, , Sabato De Sarno, Gucci, Kering, Daria Werbowy, Tom Ford Gucci, embroideries de Sarno Organizations: Milan CNN, Brera, Gucci, Dolce Locations: Milan, , Savoy, London, Naples
De Sarno’s debut Friday, nine months after being hired in the wake of Michele’s surprise departure, was the most anticipated on the Milan Fashion Week calendar for next spring and summer womenswear. The fervor was enough to fill the front row with Hollywood A-listers including Julia Roberts and Ryan Gosling. In one recent interview, De Sarno professed admiration for Brutalist architecture, suggesting a love of the essential, and his collection was exactly that. A tiny leather bra top in embossed leather was paired with a matching midi skirt. The conversation started this week by De Sarno is to be continued.
Persons: — Sabato De Sarno, Gucci —, “ Gucci Ancora, “ Gucci, De Sarno, Alessandro Michele, Sarno’s, Julia Roberts, Ryan Gosling, Tom Ford, Guccio Gucci, De, tinsel, Organizations: MILAN, Prada, Dolce, Gabbana, Milan, Hollywood, Gucci Locations: Valentino, London, Brera
"Gucci is the opportunity to fall in love with fashion, ancora," De Sarno said in a post on Instagram in the run-up to the show, using the Italian word for "again." Debut collections can generate mixed reactions, and even positive press reviews are not always a proxy for their future commercial success. Kering shares closed 1.5% higher after the show. At their current price, Kering shares are trading at the equivalent of around 14 times expected earnings over the next 12 months, according to LSEG data. Reporting by Mimosa Spencer and Elisa Anzolin, editing by Silvia AloisiOur Standards: The Thomson Reuters Trust Principles.
Persons: Sabato De Sarno, Kering, De Sabato, Kenneth Richard, Federico Giglio, Giglio.com, Gucci, De Sarno, De, Antoine Belge, Francois, Henri Pinault, Julia Roberts, Ryan Gosling, Louis, Dior, Alessandro Michele, Marco Bizzarri, Jean, Hermes, Mimosa Spencer, Elisa Anzolin, Silvia Aloisi Organizations: luxe, Reuters, Exane BNP, fashion's, Louis Vuitton, Moncler, Thomson Locations: Milan, Italy, New York, Chengdu, Bangkok, London, Brera
watch nowThe Bank of Japan could be forced into hiking rates sooner than expected, if the Japanese yen weakens beyond 150 to the dollar. The BOJ stands as an outlier as major central banks have hiked rates aggressively to combat burgeoning inflation. Decades of accommodative monetary policy in Japan — even as other global central banks tightened policy in the last 12 months — have concentrated carry trades in the Japanese yen. The Japanese yen slipped about 0.4% to around 148.16 against the dollar on Friday after the BOJ kept its negative rates unchanged, after the yen tested its lowest in almost 10 months at 148.47 per dollar Thursday. While a weaker yen makes Japanese exports cheaper, it also makes imports more expensive, given that most major economies are struggling to contain stubbornly high inflation.
Persons: Bob Michele, Michele, Kazuo Ueda's, Ueda Organizations: Bank of Japan, U.S . Federal Reserve, Morgan Asset Management, CNBC, Afp, Getty, Yomiuri Shimbun Locations: Bank, Japan, Tokyo, Central
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA yen sell-off may prompt Bank of Japan to hike rates sooner than expected: JPMorgan's Bob MicheleBob Michele, global head of fixed income at JP Morgan Asset Management, discusses the outlook for the Bank of Japan's monetary policy approach.
Persons: Bob Michele Bob Michele Organizations: Bank of Japan, Morgan Asset Management, Bank
Fed policymakers at the median still see the central bank's benchmark overnight interest rate peaking this year in the 5.50%-5.75% range, just a quarter of a percentage point above the current range. I do think that they'll remain data dependent and you'll probably hear that from Powell at the 2:30 press conference and going forward as well. So yes, they're talking about higher rates for longer, but it's really the economy that matters. This is because when the Fed announces an interest rate increase, credit card interest rates typically follow shortly thereafter, which may result in larger minimum monthly payments for credit card holders. While the decision not to raise interest rates this time round mitigates that for now, more interest rate increases may be on the horizon.
Persons: Jerome Powell, GARRETT MELSON, presser, GINA BOLVIN, Powell, BRIAN JACOBSEN, MENOMONEE, KARL SCHAMOTTA, GENNADIY GOLDBERG, it's, TOM MARTIN, MICHELE RANERI Organizations: Federal Reserve, U.S, Treasury, Fed, PPI, OF, TOM, Global Finance, Markets, Thomson Locations: BOSTON, Powell, WISCONSIN, TORONTO, U.S, ATLANTA, CHICAGO
MILAN/PARIS, Sept 19 (Reuters) - Gucci creative director Sabato De Sarno takes to the runway in Milan on Friday, in a high-stakes designer debut for the Italian label’s owner, French luxury group Kering (PRTP.PA). De Sarno’s Gucci catwalk presentation – one of the industry’s most highly-anticipated shows this year – will serve as an aesthetic reset for the brand, aimed at reigniting sales, but it is also the first major test of a sweeping overhaul at Kering. The group has also taken steps to broaden its revenue sources, announcing plans to buy high end perfumer Creed in June and a 30% stake in fashion label Valentino in July. “We don’t think that a margin reset would be badly received by the market,” said Carole Madjo, analyst with Barclays. Reporting by Mimosa Spencer and Elisa Anzolin Editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.
Persons: Gucci, Sabato De Sarno, De Sarno’s Gucci, Valentino, Louis, Jean, Francois Palus, Marco Bizzarri, De Sarno’s, Bizzarri, Alessandro Michele, De Sarno's, Sabato De Sarno's, , Carole Madjo, Daria Werbowy, Luca Solca, Bernstein, Mimosa Spencer, Elisa Anzolin, Tomasz Janowski Organizations: MILAN, Louis Vuitton, Dior . Group, Gucci, RBC, Barclays, De, Thomson Locations: PARIS, Milan, Kering
In Toledo, Ohio, 41,000 residents will see around $240 million in medical debt relieved. Communities across the country have allocated at least $16 million toward relieving medical debt, according to the White House . Cook County officials connected Grim with RIP Medical Debt, a nonprofit that buys up medical debt across the country and wipes it out completely. "If you have your medical debt relieved, they can go back to the doctor again, they can put food on the table." Do you have medical debt, or have received medical debt relief?
Persons: Michele Grim, It's, Grim, Joe Biden, Grim — Organizations: Service, Kaiser Family Foundation, Consumer Financial, Bureau, American, ARPA Locations: Toledo , Ohio, Wall, Silicon, Ohio, Lucas County, Toledo, Cook County , Illinois, Cook, Cook County
Mortgage rates could decline if the Federal Reserve cuts interest rates next year. Here are nine projections from experts on when the Fed's first rate cut will come. While these factors serve as deterrents for prospective buyers, interest rates may not stay this high forever. AdvertisementAdvertisementWhile declining interest rates wouldn't directly cause mortgage rates to fall, the two tend to move in the same direction. AdvertisementAdvertisementFebruaryOn August 31, Preston Caldwell, a Morningstar senior US economist, wrote in a note that he expected the Fed to start cutting interest rates in February.
Persons: Bob Michele, J.P, , we'll, Preston Caldwell, David Einhorn, Diane Swonk, Andrew Hollenhorst, Goldman Sachs, David Mericle, Simona Mocuta, Jeff Morton Organizations: Federal Reserve, Service, Federal, Bloomberg Television, Morgan Asset, Morningstar, KPMG, Citi, Reuters, State Street Global Advisors, DWS Locations: Wall, Silicon, North America's
Hong Kong CNN —Australia’s new central bank chief, Michele Bullock, took the helm Monday after a firestorm of criticism over rising living costs engulfed the tenure of her predecessor. Philip Lowe, former governor of the Reserve Bank of Australia, speaking in Canberra in August. “Raising interest rates is never popular, but I think given the circumstances, the Reserve Bank had to do something,” noted Oliver. Within the bank, Lowe also faced questions about the culture he’d fostered since taking over in 2016. Should prices fall more slowly than expected, the central bank would face similar pressure to raise rates, Oliver predicted.
Persons: Hong Kong CNN —, Michele Bullock, Bullock, Philip Lowe, Shane Oliver, , would’ve, wasn’t, Lowe, Oliver, Rohan Thomson, RBA, Nick McKim, ” McKim, “ It’s, ” Oliver, disempowered, ” Bullock, ” Lowe, — Hilary Whiteman Organizations: Hong Kong CNN, Reserve Bank of Australia, AMP, CNN, Bloomberg, Getty, Reserve Bank Locations: Hong Kong, Australian, Canberra, Ukraine, Australia, United States, Europe
[1/3] Incoming RBA Governor Michele Bullock delivers the Sir Leslie Melville Public Lecture at the Australian National University in Canberra, Australia, August 29, 2023 in this handout image. The Reserve Bank of Australia (RBA) has been on hold for three months after raising interest rates aggressively for more than a year. The tightening has slowed Australia's growth, but analysts think the economy could still achieve a soft landing. If Australia avoids recession and delivers a soft landing, history may judge outgoing Governor Philip Lowe more kindly. In the search to replace Bullock as deputy, Chalmers has indicated the government is looking at candidates inside and outside the central bank.
Persons: Michele Bullock, Leslie Melville, Tracey Nearmy, Bullock, it's, Cherelle Murphy, Philip Lowe, Lowe, Jim Chalmers, Chalmers, Stephen Halmarick, Stella Qiu, William Mallard Organizations: Australian National University, ANU, REUTERS, Rights, Reserve Bank of Australia, EY Oceania, Commonwealth Bank of Australia, Thomson Locations: Canberra, Australia, Handout, New Zealand, Germany, Europe's, COVID
BRUSSELS (AP) — The leaders of Serbia and Kosovo held a long-awaited face-to-face meeting on Thursday in talks aimed aimed at improving their strained relations as calls mount for a change in the Western diplomatic approach toward them amid concern that their tensions could spiral out of control. Serbian President Aleksandar Vučić and Kosovo Prime Minister Albin Kurti are in Brussels for talks under the so-called Belgrade-Pristina dialogue process, supervised by European Union foreign policy chief Josep Borrell. Serbia and its former province of Kosovo have been at odds for decades. Their 1998-99 war left more than 10,000 people dead, mostly Kosovo Albanians. Kosovo unilaterally declared independence in 2008 but Belgrade has refused to recognize the move.
Persons: Aleksandar Vučić, Albin Kurti, Josep Borrell, Kurti, Borrell, Angelo Michele Ristuccia, , , aren't, Vladimir Putin, Kosovo — Organizations: Serbian, Kosovo, European Union, NATO, KFOR, United Locations: BRUSSELS, Serbia, Kosovo, Brussels, Belgrade, Pristina, Kosovo Albanians, Serbian, United States, Russia, Ukraine, West, Moscow, Balkans, Yugoslavia
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