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ECB Warns Weak Economy Heightens Stability Risks From Rate Hikes
ECB Warns Weak Economy Heightens Stability Risks From Rate Hikes
Sluggish growth in the euro-zone economy is threatening to amplify risks to financial stability posed by higher interest
2023-11-22 17:20
Larry Summers Jumps to Center of AI Stage With OpenAI Board Seat
Larry Summers Jumps to Center of AI Stage With OpenAI Board Seat
Late on Tuesday night, OpenAI announced the return of Sam Altman, its ousted chief executive officer, along with
2023-11-22 17:16
Swedish Central Bank to Raise Interest Rates, SEB Survey Signals 
Swedish Central Bank to Raise Interest Rates, SEB Survey Signals 
A majority of respondents in SEB AB’s trading room survey believes the Riksbank will raise its benchmark rate
2023-11-22 16:57
ECB Threatens 20 Banks With Fines After Climate-Risk Warning
ECB Threatens 20 Banks With Fines After Climate-Risk Warning
The European Central Bank has warned about 20 lenders that it will impose fines unless they address shortcomings
2023-11-22 16:56
Live updates | Timing for the Israel-Hamas pause in fighting will be announced in the next 24 hours
Live updates | Timing for the Israel-Hamas pause in fighting will be announced in the next 24 hours
A cease-fire agreement between the Hamas militant group and Israel has been confirmed by both parties, along with Washington and Qatar, which helped broker the deal that would bring a temporary halt to the devastating war that is now in its seventh week. The Israeli government said that under an outline of the deal, Hamas is to free at least 50 of the roughly 240 hostages taken in Hamas’ Oct. 7 attack over a four-day period. Qatar, which mediates with Hamas, later confirmed the deal, saying the start time will be announced in the next 24 hours and that it will last for four days. The agreement will bring the first respite to war-weary Palestinians in Gaza, where more than 11,000 people have been killed, according to health authorities. Prime Minister Benjamin Netanyahu said before the Cabinet voted early Wednesday that the war would continue even if a deal was reached. Some 1,200 people have been killed in Israel, mostly during the initial incursion by Hamas. Currently: — Truce deal raises hopes of freeing hostages in Gaza and halting worst Mideast violence in decades — South African lawmakers vote in favor of closing Israel’s embassy and cutting diplomatic ties. — Bahrain government websites are briefly inaccessible after a cyberattack over the Israel-Hamas war. — Gaza health officials say they lost the ability to count dead as Israeli offensive intensifies — Find more of AP’s coverage at https://apnews.com/hub/israel-hamas-war Here’s what's happening in the war: US STRIKES BACK AT IRAN-BACKED MILITANTS IN IRAQ Baghdad — The United States military said Wednesday that it had carried out strikes against Iran-backed groups in Iraq that have launched attacks on U.S. forces. Two officials with Iranian-backed militias in Iraq said the strikes hit three locations in the area of Jurf al-Sakhar south of Baghdad, killing five members of the Kataeb Hezbollah militant group and wounding seven. The officials spoke on condition of anonymity because they were not authorized to speak to the media. Iranian-backed militants have launched dozens of attacks on bases and facilities housing U.S. personnel in Iraq and Syria since Oct. 17. While most of the more than five dozen attacks have been ineffective, at least 60 U.S. personnel have reported minor injuries. The militant groups have said that the strikes are in retaliation for U.S. support of Israel in the ongoing Israel-Hamas war. The U.S. Central Command said in a statement Wednesday that its forces had “conducted discrete, precision strikes against two facilities in Iraq … in direct response to the attacks against U.S. and Coalition forces by Iran and Iran-backed groups,” including one on Tuesday involving the use of close-range ballistic missiles. ___ Qassim Abdul-Zahra reported from Baghdad. FRANCE IS HOPEFUL ITS NATIONALS WILL BE AMONG THE FIRST RELEASED UNDER DEAL PARIS — France’s foreign minister says she’s hopeful that French nationals will be among the first hostages released as part of a truce deal between Israel and Hamas. “We hope that French nationals are among them and even, if possible, among the first group that will be released,” the minister, Catherine Colonna, said Wednesday morning on France Inter radio. “We are working for that.” France counts eight people missing, some of them confirmed as hostages, from the Oct. 7 attack on Israel by Hamas militants that ignited their latest and deadliest war. France also counts 40 killed in the attack. Colonna said that not all the hostages taken on Oct. 7 were captured by Hamas. But she said that in the course of negotiations, the militant group has said that “it could assemble together all of the hostages.” THE RED CROSS STANDS BY TO ASSIST ANY SWAP DUBAI, United Arab Emirates — The International Committee of the Red Cross says it is standing by to assist any swap in the Israel-Hamas war. “Currently, we are actively engaged in talks with the parties to help carry out any humanitarian agreement they reach,” the Red Cross said. “As a neutral intermediary, it is important to clarify that we are not part of the negotiations, and we do not make decisions on the substance of it. Our role is to facilitate the implementation, once the parties agree.” Read More Israel and Hamas have reached a deal on a cease-fire and hostages. What does it look like? Cameron welcomes Israel-Hamas truce which paves way for hostage release Coldplay concert in Malaysia can be stopped by organizers if the band misbehaves, government says Truce deal raises hopes of freeing hostages in Gaza and halting worst Mideast violence in decades At least 50 hostages to be freed in deal for four-day ceasefire – follow live Fifty hostages in Gaza to be freed in Israel and Hamas deal after weeks of talks
2023-11-22 16:50
Mubadala to Anchor Private Credit Fund for European Property
Mubadala to Anchor Private Credit Fund for European Property
Mubadala Investment Co. said it will be an anchor investor in a new special situations fund set up
2023-11-22 16:27
Thyssenkrupp Writes Down Steel Unit as Energy Crisis Weighs
Thyssenkrupp Writes Down Steel Unit as Energy Crisis Weighs
Thyssenkrupp AG wrote down the value of its steel business by a further €1.8 billion ($1.96 billion), the
2023-11-22 16:19
Philippines, US Resume Joint Patrols Amid China Tensions
Philippines, US Resume Joint Patrols Amid China Tensions
The Philippines and the US resumed joint patrols in the South China Sea on Tuesday, years after they
2023-11-22 16:17
Australian Bank’s Return-to-Work Warning Sparks Union Rebuke
Australian Bank’s Return-to-Work Warning Sparks Union Rebuke
ANZ Group Holdings Ltd.’s recent warning to staff that their compensation may take a hit if they aren’t
2023-11-22 15:58
Ukraine may fail to meet future grain demands amid non-stop Russian attacks, says UN
Ukraine may fail to meet future grain demands amid non-stop Russian attacks, says UN
Ukraine may not be able to meet domestic and export demand for wheat in the years to come if Russia’s attacks on its export routes and facilities continue, the UN World Food Programme (WFP) has warned. “If attacks on food infrastructure and the blockage of sea export routes continue, it will dramatically impact the agricultural production outlook over years to come, and may, in a worst-case scenario, lead to wheat production being unable to meet domestic and export demand,” said the WFP’s Ukraine director Matthew Hollingworth on Tuesday. Since mid-July this year, there have been 31 documented attacks on Ukraine’s grain production and export facilities, according to an upcoming report by the UN Human Rights Office (OHCHR), said Mr Hollingworth. Of these, “28 of these attacks were in Odesa oblast alone”. The province has critical Black Sea and the Danube River terminals essential for global trade, the top official told the UN Security Council (UNSC). Countering the charges, Russia’s UN envoy Vassily Nebenzia told the UNSC that Moscow only targets military infrastructure and not civilian facilities – a claim that has been questioned by Kyiv, its allies and independent experts monitoring Russia’s full-scale invasion. Before the war, Ukraine comprised nine per cent of global wheat exports, 15 per cent of maize and 44 per cent of sunflower oil, said Mr Hollingworth. The UN has blamed Russia’s invasion for sparking a worsening global food crisis that has trickled on to a domino effect on Asian and African nations reeling after the Covid-19 pandemic. Russia was actively preparing to steal grain supplies and starve the Ukrainian population of food for months before Vladimir Putin ordered last year’s invasion, according to new evidence compiled by human rights experts. When Russian tanks did roll across the border on 24 February 2022, they deliberately targeted grain-rich areas and food production infrastructure first, found the recent report by international human rights law firm Global Rights Compliance. UN officials are trying to revive the Black Sea grain deal, which Russia quit in July, a year after it was brokered by the UN and Turkey. Moscow complained that its own food and fertiliser exports faced obstacles and said not enough Ukrainian grain was going to countries in need. However, UN chief Antonio Guterres warned earlier this month that it will be difficult to revive the Black Sea deal, under which nearly 33 million metric tons of Ukraine grain were exported. This comes as Russian forces hit port infrastructure in Ukraine’s southern city of Odesa on Tuesday evening, the regional governor said. “The invaders hit the port infrastructure of Odesa. People were not injured,” Odesa governor Oleh Kiper said on Telegram. Russia used Ð¥-31 missiles, the southern military command said on Telegram. It also reported strikes on the Belgorod-Dniester district in the region, with missiles hitting open surface and administrative buildings. Read More The US and the Philippines conduct joint air, sea patrols in South China Sea not far from Taiwan Britain's Conservative government set to start cutting taxes ahead of likely election next year The White House says it's concerned Iran may provide ballistic missiles to Russia for use in Ukraine Germany's defense minister unveils more help for Ukraine's fight against Russia's invasion Poland set to get more than 5 billion euros in EU money after commission approves recovery plan NATO head says violence in Kosovo unacceptable while calling for constructive dialogue with Serbia
2023-11-22 15:51
Korea Takes Short-Term LNG Path While Rivals Embrace Long Deals
Korea Takes Short-Term LNG Path While Rivals Embrace Long Deals
South Korea is avoiding the global trend toward long-term agreements on liquefied natural gas due to high prices,
2023-11-22 15:19
New Binance CEO Teng’s First Job Is to Avert Customer Exodus
New Binance CEO Teng’s First Job Is to Avert Customer Exodus
Mollify 150 million potentially jittery users, placate belligerent US regulators and keep high-profile founder Changpeng Zhao onside. These
2023-11-22 14:57
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