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IMO Chief Says Strait of Hormuz Remains Unsafe

International Maritime Organization Secretary-General Arsenio Dominguez tells Bloomberg This Weekend that the Strait of Hormuz remains unsafe for commercial shipping, with vessel traffic sharply below pre-conflict levels as attacks, mines and other hazards threaten ships and seafarers. Speaking with hosts David Gura and Lisa Mateo, Dominguez says the disruption is raising global fuel and shipping costs while forcing the industry to develop alternative routes and strengthen supply-chain resilience. (Source: Bloomberg)

Bloomberg · 36m ago
EU Foreign Policy Chief Warns Against Normalizing Russia

EU foreign policy chief Kaja Kallas tells Bloomberg This Weekend that Russia is escalating its war in Ukraine and is not serious about peace, criticizing Russian Foreign Minister Sergei Lavrov’s statements at the G20 foreign ministers’ meeting in Atlanta and warning against normalizing Moscow on the international stage. Speaking with host David Gura, Kallas also calls for a diplomatic solution to tensions with Iran and discusses efforts to deepen the EU’s relationship with Canada through greater cooperation on trade, energy and defense. (Source: Bloomberg)

Bloomberg · Oct 31
Rubio and Brazil Foreign Minister to Meet After Election Tension

Secretary of State Marco Rubio and his Brazilian counterpart agreed to meet in the coming weeks, according to people familiar with the matter, after President Donald Trump’s decision to grant the nation’s defeated right-wing candidate Flávio Bolsonaro refuge inflamed tensions.

Bloomberg · Oct 31
Europe’s central bank chief, Christine Lagarde, steps down for ‘freedom of speech’

Possible candidate to run World Economic Forum departs ECB nine months early, saying she wants to speak her mind about world affairs Christine Lagarde, the eurozone’s top central banker, has said she is stepping down nine months early to speak her mind about world affairs and confront the “misrepresentation of the truth”. Ending months of speculation about her future at the European Central Bank, Lagarde said she would quit her role as president next February rather than October next year because the rules of neutrality that governed her job prevented her from influencing debate about financial and economics affairs. Continue reading...

The Guardian · Oct 29
Clorox Names Unilever’s Fabian Garcia as CEO

Clorox has hired Unilever executive Fabian Garcia as its next chief executive. Garcia will step into the role effective Jan. 5, succeeding Linda Rendle who announced in May that she was stepping down for health reasons.

Wall Street Journal · Oct 29
Embattled CBS leader Bari Weiss downplays concerns about weak 60 Minutes ratings

CBS News editor-in-chief sidesteps viewership concerns and says flagship show doing ‘tremendously well’ CBS News’ editor-in-chief, Bari Weiss, has spoken publicly for the first time about the ratings challenges the network has experienced under her year-long tenure, sidestepping concerns about diminished viewership at the Sunday show 60 Minutes by saying it was not her top priority. “I could never build anything if I were focused on the precise number of people that happen to tune in to the second feature on 60 Minutes on a given Sunday,” she said at an industry conference on Wednesday organized by the tech publication the Information. The news organization did not offer press credentials. Continue reading...

The Guardian · Oct 28
Fed holds interest rates steady in last decision before midterms

Fed chair Kevin Warsh said politics played no role in pause of interest rate hikes, despite inflation remaining above 3% The US Federal Reserve left interest rates unchanged on Wednesday during its last board meeting before the midterm elections, keeping rates at one of the highest pre-election levels seen in over 20 years. Two out of 12 board members voted against the pause, preferring to raise rates by a quarter point this meeting, the Fed board said in a statement. Continue reading...

The Guardian · Oct 28