Author: Press Room
Israeli officials say they have no choice: Hamas fighters, numbering perhaps 30,000 by Israeli estimates, embed within Gaza’s population of 2.2 million and store weapons in or under civilian sites, daring Israel to launch strikes that fuel outrage. The officials also say Hamas is clearly guilty of intentionally murdering Israeli civilians.President Biden and his aides have been careful not to even hint in public that Israel could be violating any laws of war. And the State Department continues to approve sales of weapons to Israel while refraining from making any assessments of the legality of Israel’s actions. Some diplomats are…
Photo by Adam Guz/Getty Images Poland/Getty ImagesGetty Images Luxury timepiece retailer Watches of Switzerland Group soared on Tuesday as it announced improving sales momentum and divulged details of its new growth strategy. At 570p per share, the Watches of Switzerland share price was up 9.8% and leading the FTSE 250 higher. Revenues edged 1% higher during the 13 weeks to 29 October, to £379 million. Stripping out the impact of currency volatility sales were up 5% year on year. The company said that “demand for luxury watches remains robust and continues to exceed supply,” with sales in the US rising…
Stay informed with free updatesSimply sign up to the Private equity myFT Digest — delivered directly to your inbox.In financial journalism we have something called the Inbox Indicator — whatever we get the most spurious PR emails about is usually the most egregiously overhyped bullshit of the day.For a looooong time it was crypto über alles. Nothing else came close. Even after writing a column comparing it to Albanian Ponzi schemes you’d get instant pitches for follow-ups focused on this or that blockchain or some random shitcoin. Crypto remains a perennial inbox scourge, but for a period it was overtaken…
BRASILIA (Reuters) – Brazil’s central bank said on Tuesday that there remains a substantial journey ahead to bring inflation back to the official target, stressing it has ignited a wide-ranging discussion on the increasingly challenging external scenario. In the minutes of the meeting held on October 31-November 1, when the bank cut the benchmark interest rate by 50 basis points to 12.25%, it said that its rate-setting committee was unanimous in its assessment that the increased uncertainty in the global scenario calls for caution. One of its members stressed that this scenario introduces an asymmetric upward bias in the balance…
© Reuters. VA Tech Wabag Limited has revealed a consistent profit increase trend in its Q3 2023 consolidated financial results. The company reported a quarter-to-quarter and year-on-year net profit growth, climbing to Rs. 60.2 crores from Q2’s Rs. 50 crores and Q3 2022’s Rs.46.7 crores. Although the company experienced an income decrease in Q3 2023 to Rs. 680.4 crores from Q3 2022’s Rs.773.2 crores, it exhibited improvement over Q2’s income of Rs. 578.5 crores. The half-year financial performance ending September 2023 reported a total income of Rs.1258.9 crores and net profit of Rs.110.2 crores, surpassing the previous year’s half-year figures.…
© Reuters. OPEC logo is seen in this illustration taken, October 8, 2023. REUTERS/Dado Ruvic/Illustration/File photo By Ahmad Ghaddar, Natalie Grover and Robert Harvey LONDON (Reuters) -OPEC expects the global economy to grow and drive fuel demand, despite macro challenges, including high inflation and interest rates, the producer group’s secretary general said on Tuesday. The United States is doing well, while Europe is struggling, Haitham Al Ghais told the Argus European Crude Conference in London. Even China, which has emerged from lockdown more slowly than expected, forecasts growth at 4.5% to 5%, he said, outstripping Europe. “When we talk about…
Olaplex beats Q3 top and bottom line estimates; updates FY23 outlook
CME Group’s (NASDAQ:) spot platform, EBS, has reported a significant drop in average daily currency trading volumes, hitting a two-year low last month. The volumes reached $50.8 billion, down from nearly $75 billion at the start of 2021. This decrease in trading activity comes amidst a backdrop of stability in the foreign exchange (FX) market, as indicated by the Bloomberg Dollar Index. The Bloomberg Dollar Index, which moved within a tight 2% band during October, demonstrated the stability of the FX market. This steady performance is largely attributed to the Federal Reserve’s policy to maintain stable interest rates following a…
Rep. Sara Jacobs, D-Calif., moved on Monday to force a vote on a resolution to censure Rep. Brian Mast, R-Fla., over his “incredibly dangerous and dehumanizing” comments conflating Palestinian civilians in Gaza with Hamas terrorists.Jacobs filed her censure measure as a privileged resolution Monday, forcing House leadership to either bring the resolution to the floor for a vote or to table the resolution within two legislative days.”Innocent civilians shouldn’t be punished for the actions of their governments – and they’re certainly not responsible for the actions of terrorists. That applies to Palestinians in Gaza and civilians around the world,” Jacobs…
WeWork founder Adam Neumann has spoken out about the company’s bankruptcy.He said he was “disappointed” and that it was hard to watch WeWork’s collapse from the sidelines.Neumann quit after a failed IPO amid scrutiny over his chaotic leadership and conflicts of interest. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Adam Neumann says it is “challenging” for him to watch WeWork go bankrupt. The WeWork cofounder and former CEO, who resigned after overseeing the company’s botched IPO, said he was “disappointed” by the bankruptcy…