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...Mohamed El-Erian, a leading economist, has said he feels “uncomfortable” investing his personal wealth in the stock market and has diversified away from equities as central banks battle to tame inflation...
...jump to 4% from 0.25%, said the people, who asked not to be identified because they’re not authorized to speak about it....
...El Salvador’s President Nayib Bukele said on Sunday he had won the presidential election and almost all seats in the Central American country’s congress....
...Having said that, they are consistent with a bigger macroeconomic paradigm shift that central banks will eventually be forced to embrace in an explicit fashion....
...El Salvador is “a very unique situation”, said Jorge Castañeda, a commentator and former Mexican foreign minister....
...This is the first time in history that El Salvador has democracy, and it’s not me saying it, it’s the people,” Bukele said in a rare Sunday press conference....
...But Ulloa said the conditions that allowed the policies to be instituted in El Salvador, such as a supermajority control in congress, were unique. “You can’t export the Bukele model,” he said....
...Some in El Salvador do have reservations. “Most of us Salvadorans have benefited in terms of security,” said William Menjívar, a 41-year-old painter-decorator in the north of the country....
...“The lack of investment is a serious constraint,” said former central bank president Carlos Acevedo....
...Ivory Coast and Ghana together produce about 70 per cent of the world’s cocoa beans and both countries have seen their cocoa crops hampered by the El Niño sea temperature phenomenon, which disrupts rainfall...
...They also speculated on currency markets, Saab said....
...Attorney-general Tarek William Saab on Tuesday said El Aissami and his co-conspirators were involved in an illegal scheme to directly manage shipments of crude in avoidance of US sanctions, without sending...
...“It’s a signal to the [government-friendly] elites, with decisions being taken on elections, that they have to behave or Maduro will crush them as he has done El Assaimi,” he said....
...“Those that want a Bukele figure in Ecuador should give up on that dream because things are much more difficult here than in El Salvador.”...
...“El Niño remains the major climate driver and is expected to be the primary influence on the mid-latitude circulation pattern and associated January temperature and precipitation,” forecasters said....
...Oceans had continued to warm despite the weakening of the ongoing and naturally occurring El Niño phenomenon, associated with a warming of the Pacific Ocean, Copernicus said....
...Mohamed El-Erian Well said. And the third thing is less volatility than you would have otherwise....
...“Some of it can be explained with the start of an El Niño cycle, which will push temperatures up a bit....
...said another. “I love you Bukele my brother, it’s a shame I’m not Salvadoran.” Bukele is the grandchild of Palestinian Christians who migrated to El Salvador in the early 20th century....
...Even last month, at his party’s recent conference in Manchester, he said: “Obviously, in the run-up to an election, I would love to discuss a tax cut that ordinary people feel . . ....
...The El Niño phenomenon is expected to last until at least next April, the World Meteorological Organization has said....
...Mehrdad Ehsani, food initiative vice president at the Rockefeller Foundation, said that fertiliser and seed improvements were important....
...El Niño has a 75 per cent chance of persisting until May, according to the US government’s National Oceanic and Atmospheric Administration....
...“As the Amazon drought worsened in 2023, many people pointed to El Niño to explain the event,” said Ben Clarke, a climate scientist at Imperial College London....
...So that, hurricane season has certainly become longer both on the front and the back,” he said....
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