Author: Press Room

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.What did Hamas hope to achieve by its attack on Israel of October 7? The answer was surely to set the region aflame. More narrowly, it was to provoke the response we see, with inevitable consequences for Israel’s global reputation and the prospects for peace in the region. The strategy, in other words, is to make martyrs of the people of Gaza in a greater cause. Alas, it is working.The way this unfolds will have implications for human lives, the regional balance…

© Shutterstock The European Central Bank (ECB) recently halted a series of interest rate hikes, marking a strategic shift towards maintaining current borrowing costs. This decision, supported by ECB’s Governing Council member Francois Villeroy de Galhau and ECB President Christine Lagarde, aims to control inflation at 2% by 2025. Today, Villeroy de Galhau reiterated his support for the ECB’s decision, emphasizing the importance of a longer-term view for economic stability. In a post on Linkedin, he urged maintaining current rate levels for an extended period to ensure the full effectiveness of monetary policies. The effectiveness of this policy is evident…

© Pavlo Gonchar / SOPA Images/Sipa via Reuters Connect Global macro hedge funds and Commodity Trading Advisors (CTAs) have adopted a bearish stance on equities amid expectations of falling stock prices, according to a recent report by Barclays. This change in sentiment has been triggered by an increase in 10-year U.S. Treasury yields to around 5%. The bearish outlook is reflected in the ‘s approximately 9% drop since July. CTAs have notably ramped up their short positions in U.S. technology stocks, indicating a broader negative perspective on the sector. In addition to U.S. equities, these funds also show a bearish…

© Reuters. U.S. Special Presidential Envoy for Climate John Kerry attends the portrait unveiling of former Secretary of State Hillary Rodham Clinton at the State Department in Washington, U.S., September 26, 2023. REUTERS/Ken Cedeno/File Photo By Alexander Cornwell ABU DHABI (Reuters) – Fossil fuel companies must face up to their responsibilities to cut the CO2 emissions fuelling climate change, the U.S. Climate Envoy John Kerry said on Tuesday, as countries prepared to debate the future of fossil fuels at this year’s U.N. COP28 climate summit. The oil and gas industry is expected to be in focus at the COP28 summit…

Wachiwit The fees that Apple (NASDAQ:AAPL) collects via its App Store for dating apps may violate the laws of the European Union, the Netherlands’ consumer watchdog regulator said in a newly public filing. The Authority for Consumers and Markets, or ACM, filed an opinion before the Dutch court in July that said Apple (AAPL) hurts companies such as Match Group (MTCH) and others “by charging them an additional and inexplicably higher fee.” News of the filing was first reported by Bloomberg. In February 2022, Apple (AAPL) cut its fee on App Store commissions to 27% from 30%, but the latest…

Mr. Netanyahu called the Hamas video “cruel psychological r.”Hamas is prepared for a long, bloody fight, and its fighters have turned Gaza into a labyrinth of tunnels, stocked with weapons and food. Some of the hostages are hidden in the tunnels, many of which are likely booby-trapped.After pounding Gaza and its people with artillery and bombs, the Israeli Army moved in on Friday. So far, the Israeli military has advanced to the outskirts of Gaza City but not entered the Hamas stronghold. Fierce urban fighting is expected when they do.Rob Saale, the former head of the F.B.I.-led Hostage Recovery Fusion…

(Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images Key takeaways Google has announced a $2 billion investment into Anthropic, adding to its $550 million funding from earlier this year Amazon made a similar move just weeks before, announcing a $4 billion investment in the ChatGPT rival Google shares closed nearly 2% higher at the news Looks like AI company Anthropic has a queue of suitors. Big Tech giant and AI leader Google has agreed to invest a further $2 billion in the AI start-up, the two confirmed at the end of last week. The news…

Department Of Morphological And Functional Imaging, at The Pitie Salpetriere Hospital In Paris, … [+] France. On The Left, Normal Brain. On The Right, Probable Alzheimer’s Disease. (Photo By BSIP/UIG Via Getty Images)Universal Images Group via Getty Images The National Institutes of Health’s Institute of Aging has dropped its sponsorship with the Alzheimer’s Association of a controversial project to revise clinical research standards, which it calls criteria, for determining who has Alzheimer’s disease. The relationship was unusual. NIH rarely sponsors projects to develop such standards, and almost never partners with advocacy groups. Typically, such guidance is written by expert panels…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The US is to remove preferential trading access under the African Growth and Opportunity Act from Uganda, the Central African Republic, Gabon and Niger for human rights violations and for failure to make democratic progress. President Joe Biden said Uganda, which this year passed punitive anti-gay laws including the death penalty for people engaging in certain same-sex acts, had committed “gross violations of internationally recognised human rights”. Niger and Gabon, whose governments were overthrown in coups this year, fell foul of Agoa…

The Canadian economy has shown signs of stagnation in the recent quarter, potentially entering a technical recession due to previous aggressive rate increases by the Bank of Canada. Preliminary estimates suggest that the economy stalled at the industry level in September, marking a potential annual contraction of around 0.1%. This would be the second consecutive quarterly decline in Gross Domestic Product (GDP), falling short of the central bank’s forecast. The GDP by industry displayed minimal change from the previous month, with real GDP essentially unchanged in September. The Bank of Canada predicts weak economic growth for the next year, after…