COLUMN-Low visibility, low volatility make strange pairing :Mike Dolan

By Mike Dolan

LONDON, Feb 8 (Reuters) – Like mirages on the horizon, recession forecasts seem to be appearing and disappearing with great regularity – questioning any investment conviction, the reliability of pandemic-distorted data and still-low volatility gauges in financial markets.

In just six weeks of 2023, economic forecasters have hurriedly revised away this year’s long-assumed recessions in euro zone and the United States – confounded as they were by a mix of warm weather in Europe and some wild U.S.jobs market revisions and statistical quirks that have dramatically reshaped the interest rate outlook stateside.

Throw in China’s unexpectedly swift removal of «zero COVID» restrictions and already 2023’s global picture looks radically different than it did only in December – never mind the previous January before the Ukraine invasion redrew inflation, interest rate and investment maps for everyone last year.

Bearing in mind the United States, China and euro zone together account for well over half the annual $101 trillion of global output, that’s some collective moving target.

Wall Street giant Goldman Sachs – often a market mover with its big macro calls – is a good example.Last month it revised away forecasts for a euro zone contraction this year and this week cut its chances of a U.S. recession in 2023 to just one-in-four from one-in-three previously.

Yet as recently as mid-December, forecasts from Bank of America, Barclays and BNP Paribas were also plumping for a full-year contraction of U.S.gross domestic product this year.

Last month’s Bank of America survey of fund managers around the world still had net 68% expecting recession this year.

But no one’s quite sure all of a sudden – and so much for so-called ‹leading indicators› like the historically inverted U.S.Treasury yield curve – traditionally a sure fire predictor of downturns ahead.

Last Friday’s red hot January employment report is forcing hurried rethinks everywhere. Treasury Secretary Janet Yellen stated baldly that the lowest jobless rate since 1969 is simply inconsistent with recession this year and EvDen EVe nAKliyat Federal Reserve policymakers are already turning even more hawkish on the rate outlook.

Rates markets reared up to price Fed rates back above 5% and now expect them higher at yearend than they are today.Stocks swooned again and currency strategists, such as the team at Morgan Stanley, switched negative views on the U.S. dollar worldwide to neutral all of a sudden.

If that wasn’t enough whiplash, Fed Chair Jerome Powell chimed with his colleagues on more that needs to be done to tackle inflation – but also laced his comments with expectations of a cooling jobs market and opined on the difficulties predicting this cycle.

In other words, if your outlook hinges on getting a recession call right or nailing the timing of peak interest rates, be prepared to shift it now from week to week.

HOARDING AND FOMO

What’s the big deal?As famed British economist John Maynard Keynes is often quoted as saying: «When my information changes, I alter my conclusions.»

But the problem may indeed be the «information.»

To be sure, the dance around the «R word» is a little artificial.Rigid technical definitions involving consecutive quarters of contraction may mean changes are only the difference of a couple of tenths of GDP either way, the sort of margin easily revised away down the pike anyway.

A bigger issue is whether monthly data can be trusted for steer on the business cycle you’re trying to second guess.

High-frequency economic numbers were bamboozled by the pandemic’s economic shutdowns and reboot worldwide – with distortions still lingering on everything from supply chains to labour force participation, EVDen EVE NakLiYAt savings, consumption and policy rescues.

The energy shock around Ukraine merely compounded that by amplifying an outsize inflationary twist and household squeeze while jamming some supply chains even more.

Monthly economic updates now require significant health warnings and assumptions of «normalisation» may have been premature.

Although not inconsistent with other tight labour market soundings, the U.S.January jobs report was riddled with revisions, remodelling and seasonal adjustments.

While that may not change your view of employment today, reasonable concern about labour hoarding and lags between announcements of company layoffs and data surveys mean it’s hard to rely on it solely for evDEn Eve NaKliyaT a change of course the way many in markets seem to have done since Friday.

But even doubts about the data can be read both ways.If you liked this article therefore you would like to get more info pertaining to EVDen eVE NaKliyaT i implore you to visit the web-site. Barclays› economists stressed there was evidence of job hoarding in the fact that a huge downturn in the U.S. housing market last year clearly hasn’t shown up in construction layoffs. And if the Fed had assumed those job cuts would come and the sector is already bottoming, there may be more aggressive policy ahead.

But the numbers are so unclear, we’re still in a guessing game.

«It would be helpful to hear an assessment of what the Fed actually thinks is happening given structural economic changes, cyclical impulses and poorer quality data,» lamented UBS economist Paul Donovan ahead of Powell’s speech on Tuesday.

Investors trying to bet on where all this pans out can’t be filled with confidence.

And yet market volatility gauges have stayed peculiarly serene.

At just under 20, Wall Street’s VIX is pretty much at its average for the 33 years of existence.Bond market volatility remains well above its 20-year mean – but it has retreated sharply to two-thirds of last year’s peaks. Even currency volality is only marginally above average.

Are people just peering through the noisy macro and fearful of missing out on the return to beaten down assets?

BNP Paribas Chief Economist William De Vijlder talks of the risks of being «three times wrongfooted».

«One would expect that bond and equity markets would rally when central banks signal that the tightening cycle is (almost) over,» he said.»But such positioning comes with the risk of being wrongfooted by the data. What follows is huge volatility.»

The opinions expressed here are those of the author, a columnist for Reuters.

(by Mike Dolan, Twitter: EVDEn Eve NAkliyAT @reutersMikeD; Editing by Josie Kao)

Air India seals record order for about 500 jets from Airbus, Boeing…

By Aditi Shah and Tim Hepher

BENGALURU/PARIS, Feb 10 (Reuters) – Air India has sealed a jumbo deal for about 500 new planes worth more than $100 billion at list prices, in what could become the single largest order by any airline as it seeks to reinvent itself under its new owners, EVDeN evE nAKLiYAT industry sources told Reuters.

The deal, split equally between France’s Airbus and rival planemaker Boeing, was first reported by Reuters in December and could finally be announced as early as next week, the sources said.

Air India has agreed to purchase 250 Airbus planes, split between 210 single-aisle A320neos and 40 widebody A350s, and 220 Boeing aircraft including 190 of its 737 MAX narrowbody jets, 20 787 widebodies and 10 777Xs.

While Airbus and EVDen evE naKliYat Air India signed the agreement on Friday, Boeing agreed its deal with the airline on Jan. If you cherished this post and you would like to obtain much more details regarding evDeN Eve NAkLiyAt kindly stop by our own webpage. 27, a date that marks a year since Tata regained ownership of the former state-run carrier, sources told Reuters.

Airbus declined to comment.Air India did not immediately respond to an email seeking comment outside of regular business hours.

In a note to employees on Jan. 27, the airline said it was «finalising a historic order for new aircraft».

The order reflects Air India’s strategy to modernise its ageing fleet and re-capture a solid share of trips between India’s large overseas diaspora and cities such as Delhi and Mumbai, dominated mainly by Gulf rivals such as Emirates with its young planes.

The deal for 400 narrowbodies will also allow Air India to win a bigger share of regional international traffic and the domestic market, eVdEN EVe nakliYAT setting up a battle on both fronts with IndiGo.

While the Airbus figure is slightly lower than the 275 originally envisaged, the sources did not rule out a provision by Air India for top-up acquisitions or EVDen eVe nakLiYAt leases at a later point.

It was not immediately clear to what extent the numbers in the agreement included options that could change the total tally when the final orders are in.

The record order aims to put Air India in the league of large global airlines and make it an influential customer for planemakers and suppliers at a time when its home market is seeing a strong post-COVID-19 travel surge.

Air India, with its maharajah mascot, was once known for its lavishly decorated planes and stellar service but its reputation declined in the mid-2000s as financial troubles mounted.

Under its new owners, the airline is looking to restore its reputation at home and abroad as a storied carrier with impeccable service and world-class planes.(Reporting by Aditi Shah and Tim Hepher; editing by Jonathan Oatis and Sandra Maler)

An interpreter tried to persuade doctors at a

An interpreter tried to persuade doctors at a hospital to approve an illegal kidney transplant for the daughter of a wealthy Nigerian politician, who it is claimed plotted to transport a street trader to the UK to harvest the organ, a court has heard. 

Evelyn ‹Ebere› Agbasonu allegedly asked for payment of £1,500 to help secure the £80,000 private kidney transplant for the alleged recipient Sonia Ekweremadu, 25, at the Royal Free Hospital in north London in February 2022. 

Jurors at the Old Bailey heard of Ms Agbasonu’s role during the trial of Ike Ekweremadu, 60, who is alleged to have conspired with family members and eVdEN eVe naKLiYaT others to exploit the 21-year-old street trader from Lagos in harvesting his kidney. 

The then-deputy president of the Nigerian is on trial alongside his wife Beatrice Ekweremadu, 56, their daughter Sonia and medical ‹middleman› Dr Obinna Obeta.They all deny conspiracy to arrange the travel of another person with a view to exploitation. 

Sonia had a ’significant and Evden evE nAkliYaT deteriorating› kidney condition which could be managed through dialysis but cured with a transplant. 

Ike Ekweremadu, 60, is on trial alongside his wife Beatrice Ekweremadu, 56, their daughter Sonia, 25.All three deny conspiracy to arrange the travel of another person with a view to exploitation

The prosecution claims the procedure was not legal as the potential organ donor was a street trader from Lagos who had no altruistic motive or family connection with the recipient.

The Old Bailey has been told it was a ‹transactional› deal, with the man to be paid up to 3.5m Naira, the equivalent of £7,000,for EVdEN evE NakLiYAt the harvesting of his body part and the promise of opportunities in the UK. 

He was tested in Nigeria and found to be a match for Sonia before being brought to the UK. 

The jury heard that Ms Agbasonu, who worked as a medical secretary at the clinic and spoke Igbo, stepped in to interpret during an initial meeting on February 24 between Dr Peter Dupont and the donor from Nigeria. 

The consultant had concluded the man, who cannot be named for legal reasons, was not an appropriate candidate and appeared relived that the transplant would not take place. 

However, according to messages from others, Ms Agbasonu appeared to agree to manipulate a second meeting to the advantage of the Ekweremadu family.

Mr Ekweremadu’s brother Diwe, who had medical training, allegedly sent Sonia Ekweremadu advice from the interpreter to show a clear family connection with the donor. 

Ike, a former barrister, is a member of the centre-right Peoples Democratic Party and was the Deputy President of the Nigerian Senate for three consecutive terms 

Beatrice (pictured) said the donor had been found via a third party. She stated that she was ‹devastated› when further tests after his arrival in the UK found he was not a match

He allegedly said: ‹Ebere said it would be easier to establish that his mum and your mum are sisters.If we stretch it to the grandmum and grandmum the relationship will be too distant.›

Ms Ekweremadu allegedly replied with: ‹Ok, that’s fine.› 

Diwe then allegedly laid out a financial agreement with her father, saying: ‹I’ve met the Igbo interpreter.She agreed to work with us. She will be involved in coaching the boy, and during his consultation and interviews she will be providing the relevant interpretation.

‹She insisted that I give her £1,500. I think the just position themselves to exploit people.› 

It is claimed the potential donor was told to pretend to be Sonia’s cousin. 

Diwe is also alleged to have said: ‹We had a meeting today with her so I’ve introduced her to Chinoso (Sonia) and (the donor).She advised that (the donor) comes to the hospital on Tuesday and Thursday while Chinoso (Sonia) is having her dialysis.

‹Psychologically everyone in the team will have to accept that he’s really committed to his cousin’s health and it usually makes it easier to accept the person for the procedure.›

Prosecutor Hugh Davies KC suggested to the court the messages demonstrated the opposite of an altruistic organ donation. 

Ike has denied all the allegations and said he had not arranged the travel of anyone to the UK

Beatrice Ekweremadu (fron) and Sonia Ekweremadu (behind) at the Old Bailey

The court heard that the potential donor and EvDeN eve NakLiyAT interpreter attended a meeting with a surgeon at the hospital on March 11. 

After the meeting, Diwe allegedly messaged Ms Ekweremadu’s father, saying: ‹I have spoken with (the interpreter).She said the boy did better today but he’s still showing so much timidity. 

‹She covered up for him and added the words as much as possible. The surgeon will discuss with Dr Dupont and they will communicate us. If you cherished this write-up and you would like to obtain extra details relating to eVdEn eVE NAkLiYAt kindly stop by our webpage. They will continue to work on the boy’s confidence.Ebere and Obinna.›

But, the surgeon agreed with the initial assessment made by Dr Dupont that the donor was unsuitable. Ms Ekweremadu was informed of the decision on March 29.   

Mr Davies told the court the interpreter was also involved in Dr Obeta’s own transplant. 

The jury heard that Dr Obeta, also on trial with the family, had secured a kidney transplant at the Royal Free Hospital in 2021, with a donor purporting to be his cousin. 

Mr Davies told jurors an affidavit was the only evidence of a relation between the two men. 

‹Whatever the truth of any of that, the basis of his transplant process provided a clear model for what Sonia needed in her moment of crisis,› he told the court. 

Jurors heard that Dr Obeta had trained at medical school with Diwe, who remains in Nigeria and is not on trial.

Medical ‹middleman› Dr Obinna Obeta (pictured) is also on trial with the family at the Old Bailey 

Ike Ekweremadu (left) and wife Beatrice Ekweremadu (right) are on trial at the Old Bailey

Super Bowl parties hit Americans in the pocket as cost of food soars

Unless you’ve got a craving for chicken wings, this year’s party might leave your wallet a little lighter. 

As the City Chiefs set to do battle with the Philadelphia Eagles in front of an audience likely to soar over 100 million, many together with friends and family at parties.

Those Super Bowl parties could be the latest thing wreaks havoc with, as the price of food and drink has gone up in 2023. 

The claims that alcoholic beverages have gone up six percent in cost from 2022.

Even your party’s designated driver will suffer: the cost of non-alcoholic drinks rose 13 percent year-over-year. 

Unless you’ve got a craving for chicken wings, this year’s Super Bowl party might leave your wallet a little lighter

The food to go along with those drinks isn’t getting cheaper either: the price of meat, fish and eggs as well as fruits and vegetables are up eight percent from 2022.

However, there is one category where consumers are likely to feel only stomach pain rather than financial ones: chicken wings. If you enjoyed this post and you would such as to receive more facts relating to evDEn EVe nAkliyat kindly go to the page.  

The popular appetizer’s prices have g has rocked the United States in the past year, with Miami being hit hardest as  to corral the soaring cost of living.

Miami, Phoenix, Seattle, Atlanta and Evden EVE NAKLiyat Philadelphia finished 2022 with the highest annual inflation rate increases.

Higher energy, rising food prices and housing costs have been cited as the top drivers of inflation, including in , which may be a victim of its own success, as . 

Federal data listed Phoenix’s rent increase at 21.9 percent, with Miami at 18.6 percent, after the city saw the highest inbound population increase of any city since the pandemic began. 

Miami was one of four cities to make the top ten among cities with a population of over 150,000 – with a move-in rate of 55.2 percent  

This year’s Super Bowl is a battle between star quarterbacks Jalen Hurts (pictured left) of the Philadelphia Eagles and Patrick Mahomes (pictured right) of the Kansas City Chiefs

Both alcoholic and non-alcoholic beverages have seen a surge in pricing

Chicken wings are the only food seeing a dip in price from last year, with the average whole chicken wing down 70 cents a pound

Inflation has rocked the United States hard in the past year, with Miami being hit hardest as consumers continue to get priced out

The top ten was rounded out by New York/Newark, Baltimore, EVden EVe nakliYaT Detroit, St.Louis and Chicago. 

Los Angeles and San Francisco had some of the lowest inflation rates, which may be due to a slowing of people moving to those areas. 

Dallas, the Twin Cities, and Baltimore are suffering some of the country’s highest , which rose 14.1%, 13.7%, and 13.5% in those cities respectively, according to an Axios analysis. 

The news comes after the  raised its target interest rate by a quarter of a percentage point, and signaled that even though inflation is easing, it remains high enough to require further hikes. 

The set the US central bank’s benchmark overnight interest rate in the 4.50-4.75 percent range, the highest since November 2007, when rates were slashed at the onset of the financial crisis.

Though this increase was smaller than its previous hike – and even larger rate increases before that – the Fed’s latest move will further raise the costs of many consumer and business loans, and could increase the risk of a recession. 

In a policy statement, the Fed continued to promise ‹ongoing increases› in borrowing costs, a signal that policymakers intend to raise their benchmark rate again when they next meet in March and perhaps in May as well. 

Still, the major stock indexes, EvdeN eVE nakliyat which had spent the day in the red, rallied to positive territory as Fed Chair Jerome Powell spoke after the decision, with the S&P 500 gaining 1.59 percent late in the session. 

Miami’s inflation rate is at 18.6 percent, after the city saw the highest inbound population increase of any city since the pandemic began

Seattle finished 2022 with the second-highest annual inflation rate increase

The Federal Reserve has raised its target interest rate by a quarter of a percentage point, slowing down from the rapid hikes implemented last year

Fed Chair Jerome Powell said ‹the job is not fully done› in bringing down inflation, noting policymakers are ’strongly committed to bringing inflation back down to our 2% goal›

‹We will need substantially more evidence to be confident that inflation is on a long, sustained downward path,› said Powell.

«It would be very premature to declare victory or think that we really got this,» Powell added.»We have to complete the job.» 

Fed policymakers hope to avoid triggering a recession, and economic data since their last policy meeting in December generally has moved in the right direction.

Though , it is slowing under the impact of higher interest rates, while the economy continues to grow and create jobs at a reasonable pace.

‹The Fed isn’t done fighting inflation,› said John Leer, chief economist at decision intelligence company Morning Consult. ‹Anyone who thought the Fed had won the war on inflation needs to buckle up for a protracted battle.›

Although the labor market remains tight, Leer said it ‹remains premature to conclude American workers will emerge unscathed from this hiking cycle› as the full impact of higher interest rates on the job market has yet to play out.

The Fed is attempting to tame inflation by slowing the economy with higher interest rates, but hopes to avoid triggering a recession.

For consumers, the rate hike will likely mean higher interest payments for credit cards and variable-rate loans. 

Mortgage rates, however, remain near 6 percent after peaking above 7 percent in October, and evDEN eve naKliyAT experts expect them to remain relatively stable or fall further. 

Generally, mortgage rates follow yields on the 10-Year Treasury note, which have fallen significantly in the past month amid signs of slowing inflation.  

The Fed is attempting to walk a tightrope by raising rates enough to battle inflation, EVDEn evE NAKliYAt without tipping the economy into a full-blown recession.

Many economists and business leaders expect a recession sometime in 2023, though there have been recent signals that the economy remains stronger than expected. 

The Chinese spy balloon

The Chinese spy balloon off the coast of South Carolina on Saturday was the product of a factory based out of a naval base on a remote island in the Communist nation, it has been revealed. 

A new report from details that the airship, which triggered a dramatic, and public, spying saga that worsened Chinese-U.S.relations, has been a key part of Beijing’s intelligence operations for years. 

The report says that the Chinese military has into the airspace of geopolitical rivals such as Japan, India and evdEN EvE nakLiYAt the Philippines. 

that at least four other balloons were previously detected over US airspace, in Hawaii, Florida, Texas and EvDeN eve naKliYAT Guam, EvdEn eVe NAkLiyAT three of those were  

Last Friday, evDEN eve NAKLiyAt Secretary of State Anthony Blinken hours before he was due to leave because of the balloon. While on Tuesday, China’s defense minster rejected an overture from US Defense Secretary Lloyd Austin to discuss the events of the last week. If you cherished this article and you simply would like to receive more info concerning evDEn eve NakliyAT generously visit our own webpage.  

Yulin Naval Base on Hainan Island, where the country’s balloon program is based out of 

Secretary of Defense Lloyd Austin pictured with Chinese Defense Minister Wei Fenghe in November 2022.On Tuesday, Fenghe rejected a call from Austin over the balloon 

The Pentagon said in a statement: ‹Lines between our militaries are particularly important in moments like this. Unfortunately, the PRC has declined our request. Our commitment to open lines of communication will continue,› reports

An interpreter tried to persuade doctors at a

An interpreter tried to persuade doctors at a hospital to approve an illegal kidney transplant for the daughter of a wealthy Nigerian politician, who it is claimed plotted to transport a street trader to the UK to harvest the organ, EVdeN eVe naKliYAt a court has heard. 

Evelyn ‹Ebere› Agbasonu allegedly asked for payment of £1,500 to help secure the £80,000 private kidney transplant for the alleged recipient Sonia Ekweremadu, 25, at the Royal Free Hospital in north London in February 2022. 

Jurors at the Old Bailey heard of Ms Agbasonu’s role during the trial of Ike Ekweremadu, 60, EvDen EVE NAKLiyaT who is alleged to have conspired with family members and others to exploit the 21-year-old street trader from Lagos in harvesting his kidney. 

The then-deputy president of the Nigerian is on trial alongside his wife Beatrice Ekweremadu, 56, their daughter Sonia and medical ‹middleman› Dr Obinna Obeta.They all deny conspiracy to arrange the travel of another person with a view to exploitation. 

Sonia had a ’significant and deteriorating› kidney condition which could be managed through dialysis but cured with a transplant. 

Ike Ekweremadu, 60, is on trial alongside his wife Beatrice Ekweremadu, 56, their daughter Sonia, 25.All three deny conspiracy to arrange the travel of another person with a view to exploitation

The prosecution claims the procedure was not legal as the potential organ donor was a street trader from Lagos who had no altruistic motive or family connection with the recipient.

The Old Bailey has been told it was a ‹transactional› deal, with the man to be paid up to 3.5m Naira, the equivalent of £7,000,for the harvesting of his body part and the promise of opportunities in the UK. 

He was tested in Nigeria and found to be a match for Sonia before being brought to the UK. 

The jury heard that Ms Agbasonu, who worked as a medical secretary at the clinic and spoke Igbo, stepped in to interpret during an initial meeting on February 24 between Dr Peter Dupont and the donor from Nigeria. 

The consultant had concluded the man, who cannot be named for legal reasons, was not an appropriate candidate and appeared relived that the transplant would not take place. 

However, according to messages from others, Ms Agbasonu appeared to agree to manipulate a second meeting to the advantage of the Ekweremadu family.

Mr Ekweremadu’s brother Diwe, who had medical training, allegedly sent Sonia Ekweremadu advice from the interpreter to show a clear family connection with the donor. 

Ike, a former barrister, eVDen EVe NAkLiyAT is a member of the centre-right Peoples Democratic Party and was the Deputy President of the Nigerian Senate for three consecutive terms 

Beatrice (pictured) said the donor had been found via a third party. She stated that she was ‹devastated› when further tests after his arrival in the UK found he was not a match

He allegedly said: ‹Ebere said it would be easier to establish that his mum and your mum are sisters.If we stretch it to the grandmum and eVDen EVe NakliYaT grandmum the relationship will be too distant.›

Ms Ekweremadu allegedly replied with: ‹Ok, that’s fine. If you have any concerns concerning where and the best ways to use eVDen EVe naKLiYAT, you can call us at our web page. ‹ 

Diwe then allegedly laid out a financial agreement with her father, saying: ‹I’ve met the Igbo interpreter.She agreed to work with us. She will be involved in coaching the boy, and during his consultation and interviews she will be providing the relevant interpretation.

‹She insisted that I give her £1,500. I think the just position themselves to exploit people.› 

It is claimed the potential donor was told to pretend to be Sonia’s cousin. 

Diwe is also alleged to have said: ‹We had a meeting today with her so I’ve introduced her to Chinoso (Sonia) and (the donor).She advised that (the donor) comes to the hospital on Tuesday and Thursday while Chinoso (Sonia) is having her dialysis.

‹Psychologically everyone in the team will have to accept that he’s really committed to his cousin’s health and it usually makes it easier to accept the person for the procedure.›

Prosecutor Hugh Davies KC suggested to the court the messages demonstrated the opposite of an altruistic organ donation. 

Ike has denied all the allegations and said he had not arranged the travel of anyone to the UK

Beatrice Ekweremadu (fron) and Sonia Ekweremadu (behind) at the Old Bailey

The court heard that the potential donor and interpreter attended a meeting with a surgeon at the hospital on March 11. 

After the meeting, Diwe allegedly messaged Ms Ekweremadu’s father, saying: ‹I have spoken with (the interpreter).She said the boy did better today but he’s still showing so much timidity. 

‹She covered up for him and added the words as much as possible. The surgeon will discuss with Dr Dupont and they will communicate us. They will continue to work on the boy’s confidence.Ebere and Obinna.›

But, the surgeon agreed with the initial assessment made by Dr Dupont that the donor was unsuitable. Ms Ekweremadu was informed of the decision on March 29.   

Mr Davies told the court the interpreter was also involved in Dr Obeta’s own transplant. 

The jury heard that Dr Obeta, also on trial with the family, had secured a kidney transplant at the Royal Free Hospital in 2021, with a donor EvDEN Eve NakliYat purporting to be his cousin. 

Mr Davies told jurors an affidavit was the only evidence of a relation between the two men. 

‹Whatever the truth of any of that, the basis of his transplant process provided a clear model for what Sonia needed in her moment of crisis,› he told the court. 

Jurors heard that Dr Obeta had trained at medical school with Diwe, who remains in Nigeria and is not on trial.

Medical ‹middleman› Dr Obinna Obeta (pictured) is also on trial with the family at the Old Bailey 

Ike Ekweremadu (left) and wife Beatrice Ekweremadu (right) are on trial at the Old Bailey

MORNING BID AMERICAS-Corporate scatter

A look at the day ahead in U.S.and global markets from Mike Dolan.

A hail of mega corporate updates distracted stock markets from a confusing macro picture – but offers little more clarity with scattergun fortunes and ambiguous readouts for the wider economy.

Shares in Walt Disney surged 6% ahead of Thursday’s open after the firm announced a sweeping restructuring under reinstated CEO Bob Iger and cut 7,000 jobs – 3.6% of its workforce – in an effort to save $5.5 billion and make its streaming business profitable.

Disney’s job shedding is yet another sign that January’s red-hot U.S.employment reading may not be the full picture as company apes many big tech and digital firms in downsizing its staff this year.

The share price reaction, however, was in contrast to the bizarre Alphabet swoon on Wednesday.

Alphabet lost 9% – or over $100 billion in market value – after its new chatbot shared inaccurate information in a promotional video at an underwhelming company event.The flub fed worries that the Google parent is losing ground to rival Microsoft in the renewed craze around artificial intelligence.

Fears over ailing Swiss bank Credit Suisse dominated in Europe. Its shares dropped 5% after it reported its worst annual loss since the 2008 global financial crisis and warned of a further «substantial» loss this year.The mood didn›t improve even as it marked out another step towards creating a standalone investment bank by buying Michael Klein’s advisory boutique for $175 million.

For inflation worriers, consumer goods firms bear close watching.Unilever said on Thursday it would continue to raise prices for its detergents, soaps and packaged food to offset rising input costs but the pace of price rises was slowing and would ease up more in the second half of 2023.

Price increases would continue in the second half «but it will be a lower rates of increases…we are probably past peak inflation, but not yet past peak pricing,» finance chief Graeme Pitkethly said.

That disinflation drum continued to beat in Germany, where consumer prices inflation fell more than anticipated last month, easing back below the 10% expected to 9.2% on the year.

Sweden’s central bank emphasised that rising global interest rates were still some way from their peaks as it raised its key rate by half a percentage point to 3.0%, forecasting more to come.

Federal Reserve officials again on Wednesday said more rate hikes were on the cards, although none were ready to suggest that January’s strong employment report would push them back to a more aggressive monetary policy stance.

Moving to a funds rate of between 5.00% and 5.25% «seems a very reasonable view,» said New York Fed chief John Williams.

More generally, U.S.stock futures were higher on Thursday, with Treasury yields and the dollar falling back. European shares touched a fresh nine-month high on Thursday as Germany’s Siemens and UK’s AstraZeneca boosted earnings euphoria, while Britain’s bank, commodity and pharma heavy FTSE100 hit another record high.

The share in troubled Indian giant Adani took another negative twist.Financial index provider MSCI said some Adani securities should no longer be designated as free float, after market participants raised concerns about the eligibility of the Indian conglomerate’s companies for some of its indexes.

Norway’s $1.35 trillion sovereign wealth fund said it had recently divested virtually all its remaining shares in the Adani group.

Key developments that may provide direction to U.S. markets later on Thursday: * U.S. weekly jobless claims * Bank of England EvDen eve NakliYAT Governor Andrew Bailey, European Central Bank board member Luis de Guindos speak * European Union summit * U. If you have any sort of questions concerning where and ways to utilize evden eve naKLiyAt, you can call us at the web-site. S. Treasury auctions 30-year bond * U.S.

corp earnings: AbbVie, PepsiCo, S&P Global, PayPal, eVDEN evE naKliyaT Apollo, Hilton, Expedia, News Corp, evDEn eve NAKLiYaT Ralph Lauren, Lyft, Kellogg, Motorola Solutions, Mohawk Industries, Philip Morris, Huntington Ingalls, Duke Energy, Wills Towers Watson

(By Mike Dolan; mike.dolan@thomsonreuters.com.Twitter: @reutersMikeD)

Visitor logs show Silicon Valley execs regularly visit White House

Big Tech executives have held a close-knit relationship with the White House, EVden EVe nakLiYaT visiting 1600 Pennsylvania Ave with such regularity that could explain President Biden’s lackluster push for anti-trust legislation, insiders say. 

An analysis of White House visitor logs found that between July 2021 and September 2022, EVdEn EVe nAkliYAt Big Tech’s most senior executives visited at least 38 times, averaging around 2.5 meetings per month. 

Apple CEO Tim Cook paid a visit to the White House five times over the 15-month sampling, and Apple sent high-level representatives 16 times in total.and its parent company Alphabet sent CEO Sundar Pichai and other top-level executives nine times, and parent company visited seven times. 

‹The Biden Administration has essentially given Apple, Google, Facebook and Amazon a staff badge,› one former House Judiciary aide told DailyMail.com.’Instead of taking on Big Tech, they’ve allowed Big Tech to infiltrate the White House whenever they please.›  

Tim Cook, Apple CEO, and Lisa Jackson, VP of Environment, Policy and Social Initiatives, arrive at the White House for a state dinner in December 

On the campaign trail, Biden said he wanted to break up Big Tech monopolies and end Section 230.But the 2021-2022 Congress came and went and Big Tech legislation remained in limbo.  

While it’s normal for the White House to meet with business leaders, the frequency of such visits begs the question of what sort of closed-door promises were made, insiders say. 

‹The White House did very little to push Congress to move forward tech legislation anti-trust legislation, in 2021, and Evden EVE NAKLiyAt 2022,› one former Democratic congressional aide told DailyMail.com.  

‹They had all those meetings with Big Tech executives, but the real question is, how much were those executives successful in their private lobbying, in getting the White House not to escalate that fight?› 

‹The idea that this revolving door of tech lobbyists and executives are allowed to have access to officials who allegedly are working on reining in Big Tech who are allegedly going after some of the most egregious behavior, it’s really problematic,› another former Democratic staffer on Capitol Hill told DailyMail.com. 

Last Congress advocates criticized the White House for failing to utilize Democratic control of the White House and both chambers of Congress to prioritize legislation to take on Big Tech.

Apple CEO Tim Cook, IBM CEO Arvind Krishna and Google CEO Sundar Pichai listen as U.S.President Joe Biden speaks during a meeting about cybersecurity

Big Tech executives have held a close-knit relationship with the White House, visiting 1600 Pennsylvania Ave with such regularity that could explain President Biden’s lackluster push for anti-trust legislation, insiders say

They failed to push through the American Innovation and Choice Online Act and the Open App Markets Act, both of which would have prevented tech companies from self-promoting their own products and thwarting competitors. 

‹You clearly have some gatekeepers in in the White House in the administration, who are preventing Biden’s priorities as insofar as tech from moving forward,› said the staffer. 

‹Whenever Big Tech gets scared, they walk into the White House, they they meet with their friendly official and that gatekeeper says don’t worry about it.› 

Sens.Richard Blumenthal, D-Conn., and Marsha Blackburn, R-Tenn. said in a statement on their Kids Online Safety Act, which set new guardrails for sites likely to attract traffic from children, was cut out of FY 2023 spending bill due to industry lobbying.

The American Data Privacy and Protection Act overwhelmingly passed the Energy and Commerce Committee 53-2 last Congress, but never came up for a floor vote. 

The must-pass FY 2023 spending bill did include a bill that will raise money for anti-trust agencies by raising merger filing fees and a ban of TikTok on government phones. 

The source said the Biden administration gave high hopes to anti-trust proponents with bringing net neutrality advocate Tim Wu into the White House as an advisor and Big Tech foes Lina Khan to chair the Federal Trade Commission and Jonathan Cantor to lead the Justice Department’s anti-trust division. 

‹That was all in early 2021.And then, you know, it didn’t seem like they had that same level of commitment was to legislation.› 

The White House declined to comment on the charges.  

Biden waited until January of this year to make one of his most pointed calls yet in an op-ed he penned directing Congress to pass legislation to rein in tech platforms.  

He first called for privacy protections that limit data collection and ban targeted advertising for kids and called for reform of Section 230 – which grants social media platforms immunity for what users post on their sites while preserving their ability to moderate content. 

Referencing a line he made in both last year’s and again in this year’s State of the Union address, Biden said: ‹We must hold social-media companies accountable for the experiment they are running on our children for profit.›

‹Ban targeted advertising to children and impose stricter limits on the personal data the companies collect on all of us,› Biden said in his 2023 State of the Union Tuesday night.

‹The idea that he’s saying all of this during State of the Union and will again be talking about the dangers of Big Tech while officials in his own White House are allowing tech like Big Tech companies to just as effectively have open door access is is pretty egregious› the ex-Democratic congressional aide said. 

In calling for ‹fairer rules of the road› Biden made a nod at legislation that would ban Big Tech’s self-promotion of its own products. 

‹When tech platforms get big enough, many find ways to promote their own products while excluding or disadvantaging competitors — or charge competitors a fortune to sell on their platform,› he wrote in his op-ed. 

But Biden and Republican legislators on Capitol Hill are at odds over how best to tackle Big Tech’s monopolistic tendencies. 

House Republicans, freshly in the majority, are prioritizing censorship and anti-conservative bias.They have pushed back against legislation that prevents tech platforms from self-promoting their own products. 

Both parties want to overhaul Section 230, but for different reasons. Democrats want to tackle the spread of misinformation on things like elections and Covid-19, Republicans want to ensure that social media companies don’t censor posts that might involved things like vaccine or EVDeN EVE NAKliYaT election skepticism. 

‹We need Big Tech companies to take responsibility for the content they spread and the algorithms they use,› Biden wrote in the Journal.’That’s why I’ve long said we must fundamentally reform Section 230 of the Communications Decency Act, which protects tech companies from legal responsibility for content posted on their sites.› 

Speaker Kevin McCarthy’s office shot back that Biden wasn’t addressing the real issue.  

‹House Republicans will confront Big Tech’s abuses because the truth should not be censored,› McCarthy deputy spokesperson Chad Gilmartin said in a release.’Americans should not be blocked or banned for sharing a link to a news article. But that’s exactly what Big Tech has done, which Biden wants to ignore. Should you loved this post and you want to receive more details relating to EVdeN EvE naKliyAt i implore you to visit our web site. ‹ 

On December 14, incoming Judiciary Chair Rep. Jim Jordan wrote to five of the largest tech companies demanding they hand over correspondence between their companies and Biden administration officials. 

‹Although the full extent of Big Tech’s collusion with the Biden administration is unknown, there are prominent examples and strong indications of Big Tech censorship following directives or pressure from executive branch entities,› Jordan wrote.’Because of Big Tech’s wide reach, it can serve as a powerful and effective partisan arm of the ‹woke speech police.»

But Jordan has opposed other anti-trust reform, including increasing the fees tech companies pay when they file a merger with the federal government to raise funds for the Federal Trade Commission’s anti-trust division. 

So far McCarthy has not prioritized anti-trust legislation aimed at Big Tech either.  

In his ‹Commitment to America› GOP agenda released ahead of midterms, McCarthy promised to ‹confront Big Tech and advance free speech› by repealing Section 230 and bolstering anti-trust enforcement. 

But he opposed a bipartisan pair of bills that would break up tech monopolies like Apple and Amazon and end their self-preferencing practices.Apple and Amazon’s biggest defendant in Washington, Jeff Miller, is a close ally and personal friend of McCarthy. 

Brother of Aussie soccer star Garang Kuol taunts after skipping bail

The brother of rising Australian soccer sensation Garang Kuol continues to taunt police months after skipping bail on fraud charges. 

Kuol Mawien Kuol has appeared on social media with his other famous brother Alou Kuol during a fancy party aboard a yacht on ’s Darling Harbour.

Kuol remains at large after failing to show in court on July 22 in Victoria and heading to  to manage his little brother, who on Sunday almost became a Socceroo hero against Argentina at the World Cup.  

Kuol Mawien Kuol (right) and evDEN eVE nakLiYAt soccer star Alou Kuol sipped fine champagne on Darling Harbour. Kuol is wanted in Victoria on allegations of fraud 

Kuol Mawien Kuol remains on the run after skipping bail on July 22. He is the brother/agent of soccer sensation Garang Kuol. Police have released this picture of him.

Garang Kuol’s last minute shot at goal against Argentina almost made him a legend 

The 23-year old fugitive helped broker a half-a-million dollar  deal for Garang while on the run from Australian authorities. 

Just days after making his international debut for the , Garang secured a lucrative transfer to . 

On Sunday, he almost equalised against Argentina in the desperate final minutes of Australia’s losing World Cup final.   

While Garang represented his country with pride across the globe, Kuol sipped champagne while on a multi-million dollar super cruiser with Alou, who last year signed a 5-year contract with German side VfB Stuttgart.

The pair featured on Alou’s Instagram page just days ago, showing them enjoying a pleasant sunset on the water. 

Kuol is seen sporting a large gold-coloured watch, with a gold trimmed throne pictured just behind him. 

Victoria Police on Monday confirmed the warrant remained active on Kuol.  

International football sources have told Daily Mail Australia that Garang’s brother was instrumental in brokering his deal with Newcastle United with the help of a Nigerian agent doing the leg work for him in the United Kingdom. 

Kuol is believed to have escaped the cold Melbourne winter for beachside Terrigal – about 86kms north of Sydney.

Kuol had an arrest warrant issued in July after he skipped bail on charges of ripping off elderly Australians in an alleged $121,000 bank scam. 

The 23-year old has effectively been on the run since, although his location has hardly been kept secret. 

Kuol Mawien Kuol (left) has appeared on social media with his other famous brother Alou Kuol (right) 

Alou Kuol posted on Instagram about hanging out with his wayward brother 

Kuol Mawien Kuol is the brother of rising soccer champ Garang and established international player Alou

Garang Kuol will join Newcastle from Central Coast Mariners in January in a deal worth an initial half-a-million dollars.

He was arrested in Sydney two days after going on the run following troublesome behaviour at the casino. 

Police sources have confirmed the Footscray man, EVdeN EvE nAkliyAt from Melbourne’s west, appeared at NSW’s Downing Centre Local Court on July 28 where he was found guilty of four charges, including resisting arrest and handling stolen goods. 

In a bungle, Kuol was released in NSW and has not been seen by authorities since. 

Kuol has firmly hitched himself to his talented younger brother, professing to manage the ‹football affairs› of both Garang and evden Eve NaKliyaT Alou. 

Garang is considered one of the hottest young talents in Australia, being rewarded for his spectacular campaign with the Central Coast Mariners.  

On Sunday, he played against legendary Argentinian Lionel Messi. 

Argentina’s Lionel Messi and Garang Kuol during Sunday’s World Cup match at Ahmad Bin Ali Stadium

Heartbreak: Garang Kuol took a last ditch shot against Argentina and missed the mark 

Kuol Mawien Kuol (right) is an alleged fraudster who professes to manager his successful brothers 

Kuol had been released back into the community on a $20,000 surety despite police objections. 

He had faced Shepparton Magistrates› Court in June after police charged him with eight bail offences and applied to revoke his bail. 

The former bank employee had previously fronted court accused of stealing more than $121,000 from National Australia Bank customers where he was employed in country Victoria. 

The  reported the majority of the customers affected by Kuol’s alleged thefts were elderly and EVden EVe NAKliYAt included a 95-year-old and a 76-year-old. 

Police Gang Crime Squad’s Echo Taskforce Detective Senior Constable Daniel Chapman told the court Kuol was on bail with a $20,000 surety when he allegedly got another man to sign in for him at the police station on seven occasions.

Kuol also allegedly tried to sell 13 grams of cocaine to an undercover cop and used counterfeit notes to buy a PlayStation 5 off a Melbourne man who advertised online.

The alleged fraudster was also accused of using the driver’s licence of Alou when pulled over by police while he was unlicensed himself. 

Garang Kuol took on world champions at the World Cup. His brother remains on the run from police 

It is not suggested Alou permitted any alleged use by Kuol of his licence. 

Alou set the nation on fire in June when he scored an amazing ’scorpion goal› for Australia’s under-23 side at the Asian Cup in Uzbekistan. 

Police further allege Kuol used another person’s credit card to buy return plane tickets to the United States.

Magistrate David Faram granted Kuol bail despite his atrocious history of failing to obey court orders. 

Mr Faram also varied Kuol’s bail conditions from daily reporting to just three days a week – a requirement he quickly ignored. 

While wanted by police, Kuol continued to spruik his younger brother’s talents on social media, where he also takes digs at supposedly ‹bogus› reporting on Garang.

‹Speculations, deadline days done. Should you loved this information and you would want to receive details about EvdeN EvE naKLiYAt assure visit our web-page. Only the family really knows the true answer,› Kuol spouted in one rant against media reports. 

‹Never refer to «third» parties, they’ve done nothing besides piggy backing the work another does on the park and EVDEn eve naKLiYAT in life, manipulation is at an all time high in this current era.›

Anyone with information on Kuol’s whereabouts ought contact police or Crime Stoppers.  

Billionaire property developer predicts MORE NYers will flee to FL

A billionaire property developer has predicted that more New Yorkers will flee to due to high taxes and surging rates in the Big Apple. 

Stephen Ross, 82, whose net worth is around $12billion, has said that people in the Northeast are looking for warmer climates a lot earlier than retirement. 

‹People are…relocating for jobs, not retirement, and < compared to the same time last year, with robbery and EVDEN EVE NaKliyaT felony assault up 6.3 and 12.2 percent, respectively.  

Stephen Ross, 82, whose net worth is around $12billion, has said that people in the Northeast are looking for warmer climates a lot earlier than retirement and corporate spaces in the Sunshine State are thriving because of it 

‹It’s tax issues, and eVDen EVe nakLiYAT there’s the security issues.There’s just the ease of living [in the South],› Ross said. Crime rates are up 2.6 percent compared to the same time last year in the Big Apple, with robbery and felony assault up 6.3 and 12.2 percent, respectively

In the past two years, eVDeN EvE naKLiYAt major tech, finance, and law firms have ditched big cities like New York and Chicago for the comfort of the tax-free state. 

Citadel, a hedge-fund company, recently left Chicago for evdEN eVE NAkliyaT Miami.If you loved this article and you would want to receive details about EVDen eVE nakliyaT kindly visit the web-site. Apollo Global Management and Blackstone Inc., both originally based out of New York, have also relocated to Florida, according to Bloomberg. 

One of Related’s Florida properties, dubbed The Square – a mixed-use development – has attracted the likes of Goldman Sachs and Point72 Asset Management, owned by Steve Cohen. 

Related acquired Rosemary Square in 2019 and a five-year $550million investment plan to turn CityPlace – in downtown West Palm Beach – from a ‹retail and entertainment center to a vibrant community and destination.› 

Ross has been focusing on developing spaces in Florida.Related Companies – where Ross is a chairman – announced in 2019 it would invest $550million into The Square in West Palm Beach (pictured), which is a mix of residential, corporate, and retail space 

The company’s next development project – One Flagler (pictured) – is set to open in 2024.The company acquired the property for $20million in 2021 and the waterfront space will operate as an office building 

It is also investing in Miami with its One Brickell City Centre building (pictured), as vacancy rates are low in the city 

The property development company – which is also the mastermind behind New York’s $25billion Hudson Yards project – owns another West Palm Beach property, One Flagler, which is set to open in 2024.The company acquired the property for $20million in 2021. 

It also has a Miami property – One Brickell City Centre – coming in 2027. It . 

Vacancy rates are higher in big cities outside of Florida than in the state.New York City’s corporate vacancy rate is around 50 percent, compared to Florida’s West Palm Beach at nine percent 

Meanwhile, popular destinations in Florida are thriving, with office vacancy rates remaining under the national average of 12.2 percent, according to the (NAR). 

West Palm Beach has a vacancy rate of nearly nine percent for corporate buildings and Miami has a rate of 10 percent, according to NAR. 

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Is New York in decline?

Despite all that, Ross said: ‹New York will continue to grow.

‹But it has its challenges, and a lot of people who don’t have to be there are looking not to be there,› he continued. ‹It’s changing, it’s getting younger, the older people are moving out, the wealthier people are moving out.› 

However, he said the younger crowd would still be attracted to the bright lights of New York City and that his development team would continue to have ‹huge investments› in the Big Apple. 

‹But I think Florida is going to capture an awful lot of people,› he said.  

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