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☆ Footage shows a graveyard of Russian armored vehicles in Avdiivka, where Russia has mounted its biggest attack in months
▼ + stars: | 2023-11-15 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Video shared by Ukraine shows the scale of Russian losses at Avdiivka. AdvertisementNew video shows the battered remains of Russian vehicles in an area where Russia has launched its biggest attack against Ukraine in recent months. Aerial footage shared by General Oleksandr Tarnavskyi, commander of Ukraine's Tavriia Operational Strategic Group, on Monday showed destroyed and smoking Russian vehicles in fields near Avdiivka, along with what appear to be dead Russian soldiers. Ukraine has claimed that Russia lost more than 6,000 soldiers and over 400 armored vehicles there in just one week last month. The 53rd Separate Mechanized Brigade on Sunday described it as a "mass suicide" action by Russia and said hundreds of Russian soldiers had been killed.

Persons: —, Oleksandr Tarnavskyi, Ukraine's, Russia's, Volodymyr Zelenskyy, Riley Bailey Organizations: Service, Strategic, Ukraine's, Mechanized Brigade, UK Ministry of Defence, MOD, Institute for Locations: Ukraine, Avdiivka, Russia, Russian, Bakhmut

☆ Russia's laser beam weapons are being frustrated by low clouds that are stopping them from hitting their targets, UK intel says
▼ + stars: | 2023-11-14 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Russia has a weapons system that uses a drone's laser to identify targets. Russia will likely try to improve the system in what could be a winter fighting boost, it added. AdvertisementAdvertisementRussian drones that use laser beams to identify targets in Ukraine are being frustrated by low clouds, according to British intelligence. The UK Ministry of Defence's intelligence update on Tuesday assessed the performance of drones that use lasers to spot targets for Russia's 152mm Krasnopol-M2 artillery munitions. Russia will likely try to improve the system by boosting "Krasnopol's flight performance and reduce the round's laser detection time," the UK update said.

Persons: — Organizations: Service, UK Ministry of, UK, EU Locations: Russia, Ukraine, Estonian

☆ Lloyd's of London SPAC venture scrapped due to volatile markets
▼ + stars: | 2023-11-13 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

A view shows the Lutine Bell during an event to mark accession of Britain's King Charles at the Lloyd's Building in the City of London, Britain, September 15, 2022. The special purpose acquisition company (SPAC) had unveiled plans to combine with London Innovation Underwriters (LIU) and raise additional funds to deploy in the Lloyd's of London insurance market. The SPAC has an end of year deadline to use funds raised for a takeover, and said it would not seek an extension. LIU said it would consider exploring alternative options to pursue its strategy of accessing the Lloyd's of London insurance market. The failed effort comes amid a dearth of new listings in London and concerns over its appeal as a capital markets hub, despite profits at Lloyds of London which are booming thanks to rising prices for insuring commercial risks.

Persons: Britain's King Charles, Sarah Meyssonnier, LIU, Huw Jones, Sinead Cruise, Jason Neely Organizations: City of, REUTERS, Financials, London Innovation Underwriters, Company, Corp, Lloyds of, Thomson Locations: City, City of London, Britain, London, Lloyds of London

☆ Resistance fighters blew up a Russian military headquarters and killed 3 officers in occupied territory, Ukraine says
▼ + stars: | 2023-11-13 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Resistance fighters killed at least three Russian national guard officers, Ukraine said. The attack is part of a resistance movement against Russia in occupied Ukraine. AdvertisementAdvertisementResistance fighters set off an explosion in a Russian headquarters building that killed at least three national guard officers, Ukrainian intelligence said. Ukrainian resistance fighters have previously claimed to have killed dozens of Russian soldiers by poisoning them. One Russian dissident group, the Liberty of Russia Legion, has taken responsibility for attacks in Russia's Belgorod region, which borders Ukraine.

Persons: —, GUR, Vladimir Putin Organizations: Russian, Service, Main Directorate of Intelligence, Liberty of Russia Legion Locations: Ukraine, Russia, Melitopol, Zaporizhzhia, Ukrainian, Crimea, Russian, Liberty, Russia's Belgorod

☆ Ukraine plans to use winter to cut off Russia's military supply chains and 'freeze them out' of the country, official says
▼ + stars: | 2023-11-13 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

It aims to cut off Russian supply chains and "freeze them out" of Ukraine, a spokesman said. Winter conditions typically slow fighting, but Ukraine said "rain and frost" may help its efforts. AdvertisementAdvertisementUkraine's aim for the winter months is to cut off Russian military supply chains and "freeze them out" of the country, Volodymyr Fito, a spokesperson for Ukraine's Ground Forces, said. Winter conditions are expected to slow down the fighting between Ukrainian and Russian forces, as is typical in war. The UK Ministry of Defence said last month that Russia appeared to be stockpiling cruise missiles to use against Ukraine's energy infrastructure over the winter months.

Persons: —, Volodymyr Fito, Fito, Jack Watling Organizations: Service, Ground Forces, Pravda, Royal United Services Institute, UK Ministry of Defence Locations: Ukraine, Russian, Russia

☆ Ukraine said it hit 2 Russian vessels with sea drones, as it continues to hammer Russia's Black Sea Fleet
▼ + stars: | 2023-11-10 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Ukrainian intelligence said it damaged 2 Russian landing ships in Crimea. Ukraine has been targeting Russian ships in the Black Sea, forcing Russia to move some further away. AdvertisementAdvertisementUkrainian intelligence said the country hit two Russian landing ships off the coast of occupied Crimea with sea drones, showing how Ukraine has continued to attack Russia's navy in the Black Sea. Ukraine has been escalating its attacks on Russia's ships in Crimea, home to Russia's Black Sea Fleet, in recent months. These attacks include firing cruise missiles against a Russian naval shipyard and at the headquarters of the Black Sea Fleet.

Persons: —, GUR, Serna Organizations: Service, Directorate of Intelligence, Intelligence, Kyiv Post, Black, UK Ministry of Defence Locations: Crimea, Ukraine, Russia, Kyiv, Chornomorske, Crimean, Russian, Crimea's Sevastopol

☆ Russia may have struck a civilian cargo ship by accident because it screwed up hitting military targets, UK intel says
▼ + stars: | 2023-11-10 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Russia hit a civilian ship with a missile on Wednesday, killing and injuring crew, Ukraine said. The attack may have been due to "poor weapons employment tactics" by a Russian pilot, per UK intelligence. AdvertisementAdvertisementRussia may have struck a civilian ship in a Ukrainian port with a missile because of "poor weapons employment tactics," according to UK intelligence. AdvertisementAdvertisementOleksandr Kubrakov, Ukraine's Minister for Communities and Territories Development and Infrastructure, said the ship was a civilian vessel carrying iron ore to China. Kubrakov described Wednesday's attack as the 21st targeted attack by Russia on port infrastructure in Odesa since it left the grain deal.

Persons: —, Oleksandr Kubrakov, Kubrakov Organizations: MOD, Service, UK Ministry of Defence, Ukraine's, Territories Development, Infrastructure Locations: Russia, Ukraine, Russian, Liberia, Ukraine's Pivdennyi, China, Philippines, Odesa

☆ UK finance firms face $510 million levy to fund 2024/25 compensation claims
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Hannah McKay/File Photo Acquire Licensing RightsLONDON, Nov 9 (Reuters) - Britain's Financial Services Compensation Scheme (FSCS) has forecast imposing a levy of 415 million pounds ($510 million) against UK financial firms to fund 2024/25 claims for redress from customers suffering poor advice and insurance provider failures. This indicative figure is higher than for 2023/24, primarily due to larger surpluses that were carried over from the 2022/23 financial year which reduced the 2023/24 levy to 270 million pounds, the FSCS said. The levy is likely to include cover on self-invested personal pension (SIPP) operator failure claims and pay-outs for insurance firm failures that occurred in previous financial years, it added. "FSCS directly contributes to trust and stability in our financial services system and makes a genuine difference to consumers' lives," Martyn Beauchamp, Interim Chief Executive of FSCS said in a statement. Most of our compensation continues to be paid out for poor financial advice and for legacy insurance provider failures - both of which include some of the most complex defaults and claims we handle," he added.

Persons: Hannah McKay, Martyn Beauchamp, FSCS, Sinead Cruise, Simon Jessop Organizations: REUTERS, Britain's, Interim, Thomson Locations: Bishopsgate, London, Britain

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Nov 8 (Reuters) - HSBC (HSBA.L) plans to launch in 2024 a custody service for storing blockchain-based assets excluding cryptocurrency, the bank said on Wednesday. The service, which is a partnership with Swiss digital asset firm Metaco, will allow institutional clients to store blockchain-based tokens representing traditional financial assets, as opposed to crypto or stablecoins, HSBC said. The bank last year launched a digital asset platform, HSBC Orion, which allows financial institutions to issue blockchain-based versions of financial assets, also known as tokenised securities. HSBC did not give a figure for the size of the market for blockchain-based assets excluding cryptocurrencies. In 2019, HSBC announced a platform called Digital Vault, which allows investors to access digital records of securities bought on private markets.

Persons: Dado Ruvic, Zhu Kuang Lee, Banks, Elizabeth Howcroft, Sinead Cruise, Mark Potter Organizations: HSBC Bank, REUTERS, HSBC, cryptocurrency, Swiss, HSBC Orion, Blockchain, blockchain, Thomson Locations: London

☆ Lloyd's of London to invest $65 million following slavery report
▼ + stars: | 2023-11-08 | by ( Carolyn Cohn | ) www.reuters.com time to read: +3 min

Signage is seen inside the Lloyd's of London building in the City of London financial district in London, Britain, April 16, 2019. The 335-year old insurance market apologised in 2020 for its role in the 18th and 19th century slave trade. The Lloyd's market is made up of nearly 50,000 people, and Lloyd's wants one in three new hires to come from ethnic minorities. Historians estimate between one and two-thirds of the British marine insurance market was based on the slave trade in the 18th century. The research also showed that Joseph Marryat, Lloyd's of London chairman from 1811 to 1824, had enslaved people, White added.

Persons: Hannah McKay, Lloyd's, We've, Bruce Carnegie, Brown, Alexandre White, Joseph Marryat, White, Garba, Carolyn Cohn, Sinead Cruise, Jan Harvey, Elaine Hardcastle Organizations: REUTERS, London, Black, Johns Hopkins University, Mellon Foundation, Reuters, Central Fund, African Development Bank, Inter, American Development Bank, UN, Equity, of, United Nations, European Union, U.S, Thomson Locations: London, City, Britain, Liverpool, Lloyd’s

Many organisers choose to buy that cover through an add-on political violence and terrorism policy. Insurers cannot change policy wordings of existing policies, so any event organisers who bought political violence cover and cancelled after the conflict started on Oct 7 should be covered. Insurers are also considering restricting cover for event cancellations outside the region, the sources added. Ryan at Marsh said some political violence insurers were proposing wordings which would allow them to break or review policies due to "conditions relating to armed involvement in the 2023 Israel war". Specialist political violence policies are typically offered by firms operating in the Lloyd's of London (SOLYD.UL) insurance market, as well as by U.S. insurers.

Persons: Evelyn Hockstein, Edel Ryan, Marsh, Ryan, Sinead Cruise, Alexander Smith Organizations: Hamas, REUTERS, European Aquatics, MTV, Thomson Locations: Gaza, Israel, Palestinian, Lebanon, Egypt, Jordan, Paris, Washington, Gaza City, London

For the week, the S&P 500 gained 5.9%, for its biggest gain since November 2022 and Nasdaq added 6.6%, also showing its biggest gain since Nov. 2022. The Dow showed a weekly gain of 5.1%, its biggest since late October 2022. The jobs data also helped push U.S. Treasury yields lower for the fourth consecutive session. Most of the 11 major S&P 500 sectors advanced, led by rate-sensitive real estate (.SPLRCR), which finished up 2.4%, after hitting its highest since late September. The S&P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 53 new highs and 77 new lows.

Persons: Brendan McDermid, nonfarm, Matt Palazzolo, Palazzolo, Dow, Tony Welch, Russell, SignatureFD's Welch, Welch, Sinéad Carew, Amruta, Sriraj Kalluvila, Maju Samuel, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Apple, Dow, Nasdaq, Federal, Labor, Big, Bernstein Private Wealth Management, Fed, Dow Jones, Treasury, SignatureFD, NYSE, Thomson Locations: New York City, U.S, Atlanta Georgia, New York

☆ Analysis: WeWork's troubles darken outlook for embattled office market
▼ + stars: | 2023-11-03 | by ( Sinead Cruise | ) www.reuters.com time to read: +6 min

Backed by Japan's SoftBank, WeWork aimed to revolutionise the office market by taking long leases on large properties and renting the space to multiple smaller businesses on more flexible, shorter arrangements. Some leveraged property investors could struggle to earn enough rental income to service rising debt costs, they said. The number and volume of real estate loans due for refinancing in 2024 is unclear because many deals are struck privately between borrower and lender, Ed Daubeney, co-head, debt and structured finance, EMEA, at real estate services firm Jones Lang LaSalle, told Reuters. U.S. industrial and office real estate investment trusts (REITs) were seen 35.8% more likely to default, versus expectations a year ago. "We're at a massive turning point in the real estate investment market globally," Jose Pellicer, head of real estate strategy at M&G Real Estate, said.

Persons: Kate Munsch, Japan's SoftBank, WeWork, Jeffrey Havsy, Ed Daubeney, Jones Lang LaSalle, Savills, refinancings, What's, MSCI, Jefferies, Jose Pellicer, Sinead Cruise, Elisa Martinuzzi, Mark Potter Organizations: REUTERS, Media, Real Estate, Reuters, Analysts, Europe, Flex, BNP, G, Thomson Locations: San Francisco , California, U.S, York, New York, London, United States, Europe, Britain, Germany, California

☆ WeWork's troubles darken outlook for embattled office market
▼ + stars: | 2023-11-03 | by ( Sinead Cruise | ) www.reuters.com time to read: +6 min

☆ How to deal with a narcissistic boss, including whether you should consider quitting, according to 4 career coaches
▼ + stars: | 2023-11-02 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +7 min

Niamh O'Keeffe, a leadership advisor and the author of "Get Promoted," said someone with narcissistic traits might feel superior to their coworkers and "end up in very senior leadership positions because they want the spotlight." What distinguishes narcissistic bosses from other leaders, O'Keeffe said, is that they act on their own behalf, not their team or workplace. They don't respect boundariesBrady said that managers with narcissistic traits might be highly demanding and expect long working hours from those they manage. How to handle a narcissistic boss, including considering whether you can quitIf you recognize your manager has narcissistic traits, there are several options. Formulating an "exit strategy" could be the best option, Brady said, if you come to feel narcissistic behavior is being rewarded in your workplace.

Persons: Niamh O'Keeffe, O'Keeffe, O'Keefe, Sinéad Brady, Cassie Spencer, Sara Karlen Lacombe, Brady, Spencer, hasn't, you've

☆ Goldman Sachs just promoted 608 employees to the coveted role of managing directors. See the full list here.
▼ + stars: | 2023-11-02 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +14 min

Goldman Sachs announced its 2023 class of managing directors Thursday afternoon, giving 608 employees the coveted title. It's a smaller cohort than the bank's 2021 MD class, down 5% amid a dealmaking slowdown. Still, Goldman appears to have taken pains to promote employees in revenue-generating divisions like investment banking and trading. Goldman says the percentage of women it promoted as part of the 2023 MD class sets a record, up 1% from 2021. Two years ago, Goldman promoted the largest managing director class in its history, naming 643 employees to the designation in 2021.

Persons: Goldman Sachs, Goldman, David Solomon, John Waldron, we've, Solomon, Waldron, Goldman Sachs Fereshteh Abbasi Thomas Abe Devina Abreo Francesca Adamski Emmanuel Adenitire Gopal Agarwal Prasoon Agarwal Udit Agrawal Khamran Ali Omar Alzaim Dorothee Amar Akbar Amin Joe Amsler Wilfred Amuri Jack Anstey Paul Antonios Hidemi Aoki, Carolina Aragon Gonzalez Nelson Armbrust Georgina Aspden Laurene, Gisha, Sharon Babick Navin Babu Alexey Bachurin Alberto Bacis Patrick Badaro Rahul Bajaj Elise Bal Tanya Ballaram Brian Baltz Guillaume Banderet Nirav Bansal Nitin Bansal Swati, Chalapathi, Andrei Banu Camella Barnes James Barry Elisa Anna Bassu Aman Batra Eleanor Beasley Nicole Beavan Michael Becker Yukiko Beer Omar Benchekroune Richard Bennett Nigel Beslee Ashima Bhalla Nikhil Bhandari Nimita Bhargava Bodha Bhattacharya Rebecca Bibb Roseline, Rahul Bindu Mark Bird Leo Biselman Christian Blanc Patrick Bogues Michael Boratin Katherine Bordlemay Gabriela Borges Kate Boucher Erik Bouland Joanne Braidi Chris Brett Joseph Briggs Charles Brockett Emmeline Brothers Aaron Brown Adrienne Brown Kevin Bryck Archana Budida Oliver Bunn Rebecca Burgoyne Andrew Burpitt Todd Byers Patrick Byrne Michael Cahill Ashley Caldwell Jake Caldwell Serdar Caliskan Jon Calluzzo Stewart Campbell Samantha Cantor Yuri Cantor Dan Carabas Gemma Carlaw Laura Carroll Tim Carson Matt Carter Quentin Cezard Alex Cham Simon Chamama Heidi Chan Patrick Chan Suraj Chandran Kim Cheah Jon Cheh CP Chen Nelly Cheng Sarrah Cherhabil Jackson Cheung Michael Cheung Rama, Stan Chiu Anish, Kunal Choraria Ankit Chowdhari Dario Claus Cosimo Codacci, Michael Coleman David Collerd Shannon Collins Francesca Condini Lee Coppersmith John Couch Tim Creamer Maziar, Satish Damodaran Gareth Davies Serkan, Nick De Kock Ann de la, Nick De Kock Ann de la Montaigne Jan Debeuckelaer Molly Decker Gabrielle Decrion Laurent Dedieu Antoine Demongeot Yannick Derippe Deepalakshmi Desai Tim Desiano Joshua Dezube Randeep Dhillon Javier Diaz, Merry Matheus, Jared Dickow Alex Doell Mao Dong Praneil Doolabh Daniel Dooling Michelle Dorea Szymon Doroz Jacqueline Du Benjamin Duell Kelsey Dumont Julie Duval Todd Ebe Dayo, Jeremy Eisenstein Chris Elmore Ryan Erickson Joaquin Escribano Larry Estrada Pavel Fadeev Will Fairbourn Jeremy Falgiani Fabio Federici Wenlong Fei David Felman Sophia Ferguson Zach Fernandez David Fernandez Miguez Scott, William Fio Rito Duffy Fischer Lisa Florentine Akshay Fomra Janice Foo Nicholas Forbat Elie Franko Georgina Fraser Jason Freeman Nicole Freeman Oliver Friedberg Gavriel Friedland Ross Fuller Angela Fung Greg Furness Nikhil Gadodia Stefano Gamba Amit Singh Gambhir Javier Gandara Giorgio Gandola Amit Gangrade Sudha Garimella Mima Garland Mingmin Ge Graziano Gemma Shefali Gera Constance Germain Brad Gifford Benjamin Giles Abbas Ginwala Marlene Giorgio Thomas Giovachini Zachary Glasser Guillaume Gnech Harley Golding Yuriy Goldman Jesse Goldstein Roy Golender Sharon Gonnella Alejandro Gonzalez Steven Gooden Jessie Gould Varun, George Graf von Waldersee Florian Granier Jamie Greenberg Brian Grzelakowski Alessandro Guicciardi Michael Guiliano Samuel Guinness Bivash Gunpath Deepa Gupta Parikshit Gupta Lauren Gutierrez Johannes Hahn Chris Hallam Alex Halpern Christina Halpin Michael Hamilton Brooke Hammel Saki Hanioka John Hanson Mathew Harris Ally Hart Amy Harwood Tom, Emily Hashimoto Rob Haslam Michael Heino Brandon Herde Sarah Higgins Camilla Hill Spencer Hill Sho, Cecilia Ho Jonathan Ho Bryan Hoffman Kevin Hoffmeyer Eliza Hollyday Simon Holmes Mehdi, Lily, Derek Hu Jennifer Hui Tim Huiszoon Camille Humbert Kurt Humes Kelley Hutchison Masayuki Ichioka Andrew Imber Calvin Isaac Jackson Isaacs Sharif Ismail Yu, Doug Michael Jaffa Nitin Jagga Rahul Jain, Jataprolu Fiona Jervis Yinpeng Jin Sandeep Jindal Jennifer Jochinger Steven Johnson David Johnstone Megan Jordan Nicolas Joseph Bob Kadel Jean Kam Harneet Kaur Vinay Kaura Peter Kelman Stephanie Kenary Maggie Keohan Humayun Khalid Sunil Khandelwal Scott Kilpatrick Jenny Kim Ashley King Joel Klaus Rene Klos Rossitsa, Michael Kondoleon Gregory Kontopoulos Larry Kornreich Shrivathsa Kota Konrad Krallmann Ken Kraska Alexander Kretzberg Bryant Krongard Simon Kubbies Adam Kulik Peter Kulka Ajeya Kumar Aditya Kurella Sara Lachapelle Raagini, Langalia Chaim Langer Alexander Langley Raven LaRue Dolapo Lawal Claire Leblanc, Langalia Chaim Langer Alexander Langley Raven LaRue Dolapo Lawal Claire Leblanc Mary LeDonne, Allison Lee Michael Lee Soohyun Lee Victoria Lewis Alice Li Qing Li George Lin Ali Lippert David Lipworth Bozhena Lisko, Murphy Mark Littlewood Zhenyi Liu Yelli Lobel Avinash Lobo Burke Loeffler Gabriela Lopez Cristian Lopez, Balboa Carlos Lopez Torrero Stephanie Louie Edward Lowe Reynolds Lowry Fei Luo Ranjan Luthra Sangeetha M Martin Ma Matthew Maciaszek Michael Magee Steffen Mahringer Poonam Majithia Terres Maloney Gopal Manchikanti Jade Mandel, Manfay Varun, Pierre Marboeuf Matt Margolin Thiago Marinheiro Kevin Martens Masato Maruyama Lucinda Mataka Rishi Mathur Pierre Maugest Scott Maxfield Andrei Maxim Michael McClurg Selina McCole Jeff McCown Andrea McGee Sinead McGuigan John McGuinness Benjamin McRoberts Amit Mehrotra Gaurav Mehta Kelly Mellecker Josef Menasche Raf Mercado Alexander Mielke Rachel Miles Christopher Miller Megan Miller Robert Miller Max Minton Edward Mitchell Oliver Money Tyler Moni Anna Montvai Taylor Moore Anthony Moschella Brandon Moy Faraz Munaim Sasha Munn Ashok Musuvathy Negar, Julian Naden Robinson Hiroki Nagamine Srijith Nair Cornelius Namiluko Sanjiv Nanwani Jay Narain Robert Andranik Nazarian Jovan Negovan Ryan Newman Michael Ng, Tasuku Nishihara John Nixon Kristy Nomi Alexandre Nunes Patrick O'Callaghan Yusuke Ochi KC O'Connor David Olivares Erica Olsen Victoria Ortengren Anas, Peter Pace Robert Packwood Nitin, Ellen Pak Ruth Pan Pedro Panizo Jayshri, Rahul Parikh Dan Parisi Freddie Parker Phil Parsons Peter Paruch Paul Pate Bella Patel Preya Patel Rakesh Patel Amit Patni Ed Paulinski Adam Pennacchio Kyle Penton Abhishek Periwal Michael Perrier Yoric Perrin Rasmus Persson Tommy Pinhas, Marco Poletti Megan Prasad Avijit Praveer James Puccinelli Sameer Punde Rob Pyne Na Qiao Valentina Quadri Marco Quirico Anya Radford Abhishek Rai Rahul Raj Ram Rajamony Ryan Ramsay Rami Rankoussi Nach Rao Pawan Rao Anurag Rathi Philip Renton Noel Reyes Ruth Reynolds Timothy Richards Peter Richter Brigid Riley Hutchinson Nick Rill Kristina Ristagno Vicky Ritter Martin Roberson James Roberts James Robinson Giorgio, Erin Roos Erin Ross Sumit Roy Conrad Ryan Soo, Ryu David Sage Jai Sahani Namita, Sarah Sakkej Karim Saleh Ayesha Salman Divya Samani Henrik Samuelsson Ryan Sansalone Vikram Sarker Shalini Satish Babu Charlotte Saury, Hania Schmidt Helene Schmitt Emily Schorr Wendy Schrunk Thomas Schwegler Michael Sciancalepore Brandon Seaman Benjamin Seigel Gamal Selvarajah Nicholas Semeniuk Devjoy Sengupta Michael Shafik Arpan Shah Shashwat Shah Shahnawaz Shahbaz Manoj Sharma Sachin Sharma Wazila, Gunduz Shirin Alex Silver Asmita Singh Kamalpreet Singh Andrew Sinnott Sapna, Dan Skinner Andrew Snow Stephanie Snyder Farouk Soussa Christopher Spahr Erik Sparks Matt Speltz Naveen Srinivasan Bhargav, Warren, Damian Steele Tobias Stein Catherine Stemp Dave Stringer Shekar Subramanian Jordan Sudy Philipp Suess Fatima Sultana Lu Sun Kumar Sundaram Fiona Syer Matthew Sykes Tofi, Filippo Taddei Sandhya Tadishetty Omer Tanvir Rita Taylor Zachary Tcheyan Brian Teague Wesley, Caitlin Terry Thomas Tesauro Hemal, Justin Therry Christine Thornburg Gregory Thysheril Angelo Tierno Alexander Tingle Ryan Townsend Cynthia Trillo Dimitris, Jessica Tung Jonathan Tung Ezgi, Zachary Upcheshaw Kiyomi, Nadine Urseanu Jim Vais Pim Valantagul Perrin Van Allen Annerieke van Dijk Jeroen van Dorp Dennis van Laer Todd van Stolk, Riley Jacqueline Vargas Alexander Vavalidis Edwin Velez Prasanna Venugopal Tim Verheyden Amanda Verstegen Ankit Vijay Vargiya Salvador Villanueva Arthur Villard Sichel Denzel Voesenek Bradley Wainwright Adam Walker Barbara Walters Omar Waly Daniel Wang Kenneth Wang Kristen Ward Gavin Warren Michael Washington Harry Webster Fredrik Weege Brian Weiss Thomas Weitz Nat Wells Joe Wenzel Tim Whitehead Henry Willans Matthew Williams Taylor Williams Katie Wilson Richard Wilson Stephanie Wisner Ilana Wolfe Jake Woodson Jeff Wu Qi Wu Jackson Yang Esma, Yoon Harm, John Zhai Jenny Zhang Lynn Zhang Raye Zhu Jane Zhuang Hans Zijlmans Carolyn Zimmer Samia Zitouni Mira Zorkot Organizations: Goldman, Wall, Carolina, Nick De Kock Ann de la Montaigne, Langalia Chaim Langer Alexander Langley Raven LaRue Dolapo Lawal Claire Leblanc Mary Locations: Europe, Asia, India

☆ Flooded pitch fails to dampen spirits of Ireland's women
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

"Wettest game in history but job done and top of the group with the girlsss," Ireland captain Katie McCabe posted on Instagram after the match in Shkoder. "Ballon Pour," Ireland team mate Louise Quinn commented under the post, a reference to McCabe, like many others, missing the Ballon d'Or ceremony on Monday despite her nomination. After 20 minutes of play the first rumbles were heard, accompanied by torrential rain. The game was scoreless at halftime and play was suspended for an hour as ground staff cleared the waterlogged pitch. Denise O'Sullivan scored the winner in the 88th minute, and with four wins from four games, Ireland have secured the group win and promotion with two games still to play.

Persons: Ireland's Katie McCabe, Dan Peled, Katie McCabe, Louise Quinn, McCabe, Denise O'Sullivan, Sinead Farrelly, Trevor Stynes Organizations: Soccer Football, FIFA, Brisbane Football, REUTERS, Ireland, League, Women's Nations, Thomson Locations: New Zealand, of Ireland, Nigeria, Brisbane, Australia, Republic, Albania, Shkoder, Dublin

LONDON, Nov 1 (Reuters) - The UK government has scrapped guarantees on nearly 1 billion pounds ($1.2 billion) of bank loans handed out to ailing businesses during the COVID-19 pandemic, leaving lenders on the hook for some of the borrowings that will not be repaid. The figures could rise further - latest figures show just 17 billion pounds have been fully repaid by borrowers as of June 30. The largest and most controversial, the "Bounce Back Loan" (BBL) scheme, delivered 47 billion pounds and was specially designed to help Britain's smallest firms stay afloat. Following the removal, any financial loss is borne in full by the lender, BBB said. The figures also showed the government had paid out 7.4 billion pounds to lenders under the state guarantees.

Persons: Theodore Agnew, Sinead Cruise, Iain Withers, Matthew Lewis Organizations: Reuters, British Business Bank, Barclays, NatWest, Lloyds, HSBC, Bank, Finance, BBL, BBB, Thomson Locations: London

☆ UK's IG Group says it expects to cut 10% of workforce
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +2 min

Oct 31 (Reuters) - British online trading platform IG Group (IGG.L) on Tuesday said it would cut 10% of its headcount as part of cost-saving measures to drive operating margin expansion and become a leaner fintech firm. IG Group is trying to bolster its margins as the number of active clients on its platforms declines because of tough market conditions and a hit to customers' disposable income due to a cost-of-living squeeze and rising borrowing costs. IG Group said it expected to reduce about 300 positions worldwide by the end of fiscal 2023, adding that the overall efficiency measures are expected to deliver full run rate cost savings of 50 million pounds ($60.7 million) per year. "We want to position IG Group as a lean fintech company and today's decisive actions ensure a strong platform for future growth," acting CEO Charlie Rozes said in a statement. The company said non-recurring costs to achieve the savings are expected to be about 18 million pounds split across fiscal years 2024 and 2025.

Persons: Charlie Rozes, IG, Morgan McKinley, Aby Jose Koilparambil, Sinead Cruise, Varun H, Robert Birsel Organizations: IG Group, Employment Monitor, Thomson Locations: Bengaluru, London

☆ Ukraine's new ATACMS missiles perfectly exploit a gap in Russia's tactics, expert says
▼ + stars: | 2023-10-27 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Ukraine has started using its US-donated ATACMS missiles to great effect. AdvertisementAdvertisementThe long-range ATACMS missiles that Ukraine got from the US are putting Russia on the back foot, rendering one of its tactics less effective, an expert told Insider. But now Ukraine can hit equipment that is spread further apart thanks to the ATACMS cluster munitions. Ukraine can hit "targets where you need to hit a wide range of targets in one location," said Bailey. Ukraine said at it expended at least four missiles in the ATACMS strike [which took out far more than four targets?].

Persons: —, Riley Bailey, ATACMS, Bailey, Serhii Mykhalchuk, Mykhailo Podolyak, Volodymyr Zelenskyy Organizations: Service, Institute for, Getty Images, Storm, of Defense, HIMARS, Aircraft, US Locations: Ukraine, Russia, Russian, France, Ukrainian, Bakhmut

☆ Russia's bomber fleet hasn't fired cruise missiles at Ukraine for a month, a sign its stocks are dwindling, UK intel says
▼ + stars: | 2023-10-27 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Russia's heavy bomber aircraft haven't fired cruise missiles at Ukraine in more than a month, UK intel said. The UK MOD said that's "one of the longest gaps in such strikes since the conflict began." AdvertisementAdvertisementRussia's fleet of heavy bomber aircraft have not fired cruise missiles at Ukraine in more than a month, according to UK intelligence. AdvertisementAdvertisementUsing those bombers to launch cruise missiles had been Russia's "primary method" for precision strikes, even though it does have other ways of hitting Ukraine, the UK MOD said. Cruise missiles can also be fired from the ground or the sea as well as from planes, but Russia favors strikes launched from aircraft.

Persons: —, Volodymyr Zelenskyy Organizations: intel, MOD, Service, Ministry of Defence, Aviation Locations: Ukraine, Russia, Ukrainian

☆ UC Berkeley academic offered her students extra credit for going to pro-Palestinian protests and lobbying Congress about Gaza
▼ + stars: | 2023-10-25 | by ( Sinéad Baker | Grace Eliza Goodwin | ) www.businessinsider.com time to read: +5 min

A UC Berkeley academic offered extra credit to students who attend a protest criticizing Israel. The Ph.D. student said students could get the extra credit if they send her proof of attendance. The university says the assignment has been "remedied" and students can go to any event they wish. AdvertisementAdvertisementAn academic at the University of California, Berkeley, offered students extra credit if they attended a protest criticizing Israel's "occupation" of Gaza or lobbied their local representative about the Palestinian territories, according to an email shared online. The representative added that the situation has been "remedied," and students now have multiple options for extra credit.

Persons: Israel, —, Israel's, Victoria Huynh, Huynh Organizations: UC Berkeley, Service, University of California, of Ethnic, Hamas, United Nations, Ivy League, Harvard University, Columbia University Locations: Berkeley, Gaza, Palestine, California, Israel, Palestinian

☆ Russia launched its biggest attack in months. Huge tank losses show it isn't learning from its many defeats, expert says
▼ + stars: | 2023-10-25 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +5 min

Russia launched its first major offensive in months on the village of Avdiivka — but it's not going well. Western observers have remarked on large Russian losses around Avdiivka, where Russia has failed to make significant advances despite committing large numbers of troops and vehicles. AdvertisementAdvertisementBailey pointed to Russia's efforts in Vuhledar, another town nearby, where Russian attacks ended in defeat and huge tank losses earlier this year. Russia launched its assault on Avdiivka, in Ukraine's eastern Donetsk region, on October 10, Ukraine said. Ukrainian units have shared footage of intense fighting and destroyed Russian vehicles.

Persons: it's, Russia hasn't, —, Riley Bailey, Avdiivka, Bailey, Vladimir Putin, ISW Organizations: Service, Institute for, Mechanized Brigade, Russia, Atlantic Council Locations: Russia, Ukraine, Ukrainian, Avdiivka, Vuhledar, Avdiivka ., Ukraine's, Donetsk

☆ A JetBlue plane tipped backwards, its front wheel off the ground, while passengers were getting off at JFK
▼ + stars: | 2023-10-24 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

A JetBlue plane tilted back with its nose in the air as passengers got off, the airline said. A passenger said it tilted when around half the passengers were off, and its tail hit the ground. AdvertisementAdvertisementA JetBlue plane tipped backwards, with its nose in the air and its front wheel off the ground, after landing at New York's John F. Kennedy International Airport. JetBlue said in a statement that the plane tilted back "due to a shift in weight and balance" while passengers were getting off, the Associated Press reported. At that stage, "the plane abruptly tipped backwards so quickly and so intensely that the tail of the plane hit the pavement of the jet bridge and part of the plane door broke."

Persons: —, John F, TikToker, Sinead Bovell, Bovell Organizations: JetBlue, Service, Kennedy International Airport, Associated Press, AP, Port Authority of New, CNN Locations: —, New York, Bridgetown, Barbados, Port Authority of New York, New Jersey

☆ Russia tried to field an elite series of 'storm' units but ended up stuffing them with convicts instead, UK intel says
▼ + stars: | 2023-10-24 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

The UK MOD said Russia tried to create elite "storm" units in Ukraine, but they were largely ineffective. The UK update said the debacle showed how Russia was struggling to field effective fighters. AdvertisementAdvertisementRussia tried to build up its "Storm Z" units as an elite fighting force but instead pivoted to stuffing them with convicts and other low-quality fighters, UK intelligence said. Fighters in the units and people with knowledge of them told Reuters this month that soldiers in storm units were seen as disposable. "Storm fighters, they're just meat," he told Reuters, adding that he disobeyed the instruction not to help them.

Persons: —, Russia's Organizations: MOD, Service, UK Ministry of Defence, Reuters, Institute for, Fighters Locations: Russia, Ukraine

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