Daily Archives: January 17, 2022

By Andrea ShalalWASHINGTON, Jan 17 (Reuters) – The U.S. Treasury took key steps over the past year to address longstanding economic injustices facing Americans of color, but still has “much more work” ahead to narrow the racial wealth divide, Treasury Secretary Janet Yellen said on Monday.Yellen told a meeting hosted by Rev. Al Sharpton and his National Action Network rights group that Treasury was working to right economic wrongs called out by slain civil rights leader Martin Luther King Jr in his “I Have a Dream” speech in 1963.”He knew that economic injustice was bound up in the larger injustice…

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LONDON, Jan 17 (Reuters) – The British pound edged higher on Monday, nearing a 2-12 month high, as investors ramped up bets that the Bank of England will raise interest rates as early as next month.Recent data has raised expectations the British economy is rebounding strongly from the pandemic.GDP data on Friday showed the economy is bigger than what it was before the first COVID-19 lockdown while employment data on Tuesday is expected to be robust.Money markets are fully pricing in one rate hike by next month and one full percentage point increase in interest rates by the end of…

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COPENHAGEN, Denmark (AP) – Swedish authorities are puzzled by reports that drones last week were seen hovering over two nuclear power plants on the country’s Baltic Sea coast.Police said Sunday that preliminary investigations have been launched, adding the probes are being handled locally by investigators but they are coordinated nationally by the Swedish police´s national operational department. Police have no suspects.Late Friday, police were alerted about the drones but lost track of the unmanned aircraft. Swedish media said the drones were large enough to withstand the wind that was blowing over the area.Hans Liwang, an associate professor with the Swedish…

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LONDON, Jan 17 (Reuters) – The departure of Credit Suisse chairman Antonio Horta-Osorio has raised concern about whether the embattled lender will stick to its strategic overhaul plans after he was hired to help it deal with the implosion of collapsed investment firm Archegos and the insolvency of British supply chain finance company Greenshill Capital.ANNA LOZMANN, ANALYST AT RATINGS AGENCY Sandamp;amp;P:”In terms of ESG (environmental, social, and governance issues), the group is a negative outlier compared to Swiss-based peers and compared to domestic peers. And this is broadly due to two facts: their turnover in management and the negative news…

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By Kanupriya KapoorSINGAPORE, Jan 17 (Reuters) – Scientists are struggling to monitor an active volcano that erupted off the South Pacific island of Tonga at the weekend, after the explosion destroyed its sea-level crater and drowned its mass, obscuring it from satellites.The eruption of Hunga-Tonga-Hunga-Ha’apai volcano, which sits on the seismically active Pacific Ring of Fire, sent tsunami waves across the Pacific Ocean and was heard some 2,300 kms (1,430 miles) away in New Zealand.”The concern at the moment is how little information we have and that’s scary,” said Janine Krippner, a New Zealand-based volcanologist with the Smithsonian Global Volcanism…

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DUBAI, Jan 17 (Reuters) – Three Iranian diplomats have arrived in Saudi Arabia to take up posts at the headquarters of the Organisation of Islamic Cooperation (OIC) in Jeddah, an Iranian foreign ministry spokesman said on Monday.Regional rivals Iran and Saudi Arabia, which severed diplomatic ties in 2016, started direct talks last year, with four rounds held in Iraq. Baghdad hopes its mediation will stop the neighbors seeking to settle scores on its territory. Saudi Arabia has described the talks as cordial but exploratory.”Three Iranian diplomats have arrived in Jeddah to start their work at the OIC,” foreign ministry spokesman…

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AMSTERDAM, Jan 17 (Reuters) – A six-year cold case investigation into the betrayal of Anne Frank has identified a surprising suspect in the death of the famous diarist, who was discovered in her canal side hideout and died in a Nazi concentration camp in 1945.A relatively unknown figure, Jewish notary Arnold van den Bergh, has been named by a team that included retired U.S. FBI agent Vincent Pankoke and around 20 historians, criminologists and data specialists.More than 75 years after Nazis stormed the annex in Amsterdam, researchers concluded it was “very likely” Van den Bergh gave the Frank family up…

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During a winter storm, four tornadoes hit Florida, with the fastest twisters reaching 118 miles per hour. A powerful winter storm that blanketed much of the eastern United States in snow and ice brought four tornadoes to Florida on Sunday morning, injuring at least four people and wreaking havoc. Officials say the tornadoes destroyed 65 homes and over 100 mobile homes in three communities, displacing hundreds of people. A semi-truck flipped on its side as an EF-1 storm crossed Interstate 75 in Charlotte County, according to Fox Weather. The storm reached speeds of 110 mph and spanned about 50 yards…

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ATLANTA (AP) – Atlanta´s mayor, Georgia´s governor and U.S. Sen. Raphael Warnock are scheduled to attend the annual Martin Luther King Jr. service at King´s old congregation, Ebenezer Baptist Church in Atlanta.The service at Ebenezer and other events surrounding Martin Luther King Jr. Day commemorate what would have been King´s 93rd birthday.In a news release, the King Center in Atlanta said the 10 a.m. Monday service will be broadcast live on Atlanta´s Fox TV affiliate and on Facebook, YouTube and thekingcenter.org.The Rev. Natosha Reid Rice and Pastor Sam Collier will preside over the service. This year’s keynote speaker is the…

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By Loren ElliottDUBAI, Jan 17 (Reuters) – On the first day of the Australian Open, the world’s best male tennis player was taking selfies with fans at a Dubai airport arrivals gate.Instead of warming up for his first scheduled match on center court at Melbourne Park in front of thousands, Novak Djokovic was 11,600 km (7,200 miles) away, agreeing to photos with a handful of fellow travelers.”Hey mate, sorry about what’s happened,” one man said as he lowered his face mask for a snap with Djokovic, who kept his own mask on as he waited just off the airbridge for…

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