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European Commission to issue €75 billion in long-term EU-Bonds in the first half of 2024

Published Fri, 27 Dec 2024 09:41:18 GMT

The Commission has announced its intention to issue up to €75 billion of EU-Bonds in the first half of 2024 (H1). As in 2023, it will raise these long-term funds under its unified funding approach, using single-branded EU-Bonds. The Commission will also continue to complement its long-term funding operations with issuance of short-term EU-Bills. The funds raised will be used primarily to meet payments related to NextGenerationEU and notably the Recovery and Resilience Facility.The Commission's funding plan for H1 2024 builds on a strong year of funding transactions in 2023: in total, the Commission raised €115.9 billion in long-term funds over the course of the year. This included NextGenerationEU (NGEU) Green Bond issuances of €12.5 billion, which brought the total amount of NGEU Green Bonds outstanding to €48.9 billion. 2024 will also mark the launch of the European Issuance Service (EIS) in January. The EIS will enable new EU debt securities to be settled in the same way as the s...

Europe to be late arrival at Federal Reserve party

Published Fri, 27 Dec 2024 09:41:18 GMT

The U.S. is having a party, and Europe is going to be unavoidably late to it. No fewer than four central banks across the Continent passed up the opportunity on Thursday to say they, too, were ready to consider cutting interest rates, after Federal Reserve chair Jerome Powell admitted the world’s most important financial institution had discussed just that on Wednesday. Powell’s comments had triggered a wild rally on Wall Street, pushing the Dow Jones Industrial Average to a new record high and bringing bond yields — which form the reference point for corporate and household borrowing costs — down to their lowest in nearly five months. The party continued on Thursday in both U.S. and European markets, as investors looked forward to the day when interest rates will fall. But the heads of both the European Central Bank and the Bank of England refused to countenance cutting rates as their respective policy meetings ended. And while the Swiss National Bank acknowledged it pr...

RI bridge open to two-way traffic, bypass lanes on eastbound side

Published Fri, 27 Dec 2024 09:41:18 GMT

Traffic is moving again in both directions over the Washington Bridge in Rhode Island following the bridge’s abrupt closure Monday.Rhode Island Dan McKee announced early Friday that the bridge was once again open to two-way traffic, a day earlier than previously expected. The four lanes on the eastbound side of the bridge have been split, with two bypass lanes going in each direction.The sudden closure of the westbound lanes Monday was due to discovery of “critical failure” of parts of the original 1960s-built infrastructure of the bridge. After investigating, the Rhode Island Department of Transportation said they found eight of the 10 pins that hold the bridge in place had been snapped, with large gaps left in beams as a result.Officials said if the westbound side had remained open, it could have collapsed. Repairs could take at least three months.https://twitter.com/GovDanMcKee/status/1735580646662181110?s=20

Celtics improve to 12-0 at home behind Jayson Tatum’s 27 points in 116-107 win over Cavs

Published Fri, 27 Dec 2024 09:41:18 GMT

BOSTON (AP) — Jayson Tatum scored 27 points, Jaylen Brown had 22 and the Boston Celtics beat the Cleveland Cavaliers 116-107 on Thursday night to improve to 12-0 at home.Facing the Cavaliers for the second consecutive game at TD Garden after a victory on Tuesday, Boston won for the sixth time in seven games overall.Kristaps Porzingis added 18 points, Jrue Holiday had 15 and Derrick White 14 for the Celtics, who have the best record in the Eastern Conference. Tatum added 11 rebounds, and all five starters scored in double figures.“I think we were locked in, attention to detail,” Holiday said. “This game we kind of controlled the game from beginning to end, withstood their punches and were able to make plays down the stretch.”Donovan Mitchell paced Cleveland with 31 points, Caris LeVert finished with 26 and Darius Garland had 19. The Cavaliers have lost three straight.After having their double-digit lead sliced to three entering the final quarter, the Celtics took control again. Tatum...

China defends bounties offered for Hong Kong dissidents abroad

Published Fri, 27 Dec 2024 09:41:18 GMT

BEIJING (AP) — China on Friday defended controversial bounties offered for the capture of Hong Kong dissidents who have fled abroad that have been heavily criticized by foreign governments and human rights groups. Rewards of 1 million Hong Kong dollars ($128,000) have been offered for information leading to the capture of 13 opposition figures accused of violating the semi-autonomous Chinese city’s sweeping National Security Law. Foreign Ministry spokesperson Mao Ning said China rejected the outside criticism, saying the arrest orders were “necessary and justified and … in line with international law and practice.” Without directly mentioning the bounties, Mao said other countries also have extraterritorial aspects to their laws on national security, adding that foreign governments’ support for those on the list was merely cover for their aim of destabilizing Hong Kong, an Asian financial center that was roiled by 2019 anti-government protests.“We strongly oppose and dep...

In the news today: Canada to send helicopters to Latvia as part of NATO mission

Published Fri, 27 Dec 2024 09:41:18 GMT

Here is a roundup of stories from The Canadian Press designed to bring you up to speed on what you need to know today…Canada sending helicopters to LatviaFour Canadian Griffon helicopters will be sent to Latvia next year as part of a NATO deterrence mission. Defence Minister Bill Blair made the announcement this morning with defence chief Gen. Wayne Eyre. The pair are visiting Canadian troops at Camp Adazi, just outside Riga, where Canada leads a NATO battle group. The number of Canadian troops in the Baltic country is set to double to around 2,200 by 2026 as NATO scales up its battle groups in the region to brigades.Feds open to delay on expanding assisted dyingFederal Justice Minister Arif Virani says the Liberal government is weighing its options on what to do about an upcoming deadline to expand medical assistance in dying to those whose sole underlying condition is a mental disorder. He made the remarks in a wide-ranging interview with The Canadian Press, where he says Ot...

1 dead, 1 hospitalized after migrant boat crossing Channel deflates trying to reach Britain

Published Fri, 27 Dec 2024 09:41:18 GMT

PARIS (AP) — French maritime authorities say they rescued more than 60 migrants attempting to cross the English Channel overnight Friday but that one of them died.Another person was rescued in critical condition and flown by helicopter to a hospital in the French port of Calais, maritime authorities said in a statement.The person who died was unconscious when they were picked up and couldn’t be revived, the statement said.It said the boat carrying the migrants had partially deflated and that some of those aboard had fallen into the sea.Rescue vessels picked up 66 people in all, including the person who died.The French coast around Calais has long been a jumping-off point for people fleeing conflict and poverty around the world seeking to reach Britain, often via dangerous and sometimes deadly sea journeys across one of the world’s busiest shipping channels.___Follow AP coverage of migration at https://apnews.com/hub/migrationThe Associated Press

Canada to pilot options for national emergency response agency in 2024: Sajjan

Published Fri, 27 Dec 2024 09:41:18 GMT

OTTAWA — A new national emergency response agency may consist of regional response teams that Ottawa can call into action when disaster strikes, Emergency Preparedness Minister Harjit Sajjan said in a recent interview. It is clear some kind of federal co-ordination agency is required, Sajjan said, speaking to The Canadian Press about the lessons learned after last summer’s record-breaking wildfire season. But it’s not yet clear exactly what that will look like, he said. “Yes, I believe that we will have something that’s going to be at the federal level of a response force,” Sajjan said.“I can’t give you the answer just yet because it’s important for us to really work at the ground level to get a better understanding what those needs are. Because ultimately whatever we have, at the provincial or federal level, has to respond to the emergency. We need to get that right.”Multiple reports have shown that climate change is leading to ...

‘Weighing our options’: Ottawa open to further pause to expand assisted dying rules

Published Fri, 27 Dec 2024 09:41:18 GMT

OTTAWA — The federal government is considering whether to pause its original plan tobroaden the rules that govern medically assisted dying so they include patients whose only underlying condition is a mental disorder.“We’re weighing our options,” Justice Minister Arif Virani said Thursday. It would be the second time the federal Liberals have hit pause on the plan. The first came in February, when the government decided to impose a one-year delay amid widespread public and political concern.That decision established a new deadline of March 2024 — one that now appears in jeopardy. Cabinet will consider the input of a joint parliamentary committee, as well as medical experts and other stakeholders, Virani said. “We’ll evaluate all of that comprehensively to make a decision whether we move ahead on March 17, or whether we pause,” he told The Canadian Press in a wide-ranging interview. Both options are “on the table,” he added.Back in Febr...

Freeland hosts annual meeting with provincial, territorial counterparts today

Published Fri, 27 Dec 2024 09:41:18 GMT

TORONTO — Finance Minister Chrystia Freeland is hosting her annual meeting of federal, provincial and territorial finance ministers in Toronto today.The meeting will focus on economic growth, housing and affordability, according to a news release. But the ministers are also expected to talk pensions after holding a special meeting last month to discuss Alberta’s intentions to create its own pension plan.Alberta has since paused its public consultations on a pension plan, however, a senior federal source says there will be discussion of pensions in today’s meeting. The meeting comes as Canada continues to struggle with high inflation and high interest rates weigh on the economy. At the same time, all levels of government are facing mounting pressure to address the housing crisis by finding ways to get more homes built, faster.This report by The Canadian Press was first published Dec. 15, 2023.The Canadian Press