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  • A woman died after an L.A. rehab closed last year. Why was it forced to shut down in the first place?

    A woman died after an L.A. rehab closed last year. Why was it forced to shut down in the first place?

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    Jasmine Richardson had been struggling with methamphetamine and fentanyl addiction for more than a decade, but she got sober after completing a six-month program at the Teen Project’s Freehab center on Sunland Boulevard in Sun Valley.

    That was right around Thanksgiving last year, and it was the first time the 33-year-old had been clean in years. Still, she wasn’t ready to leave the Freehab just yet; homeless since 2020, she wanted to spend at least a year in the 74-bed rehab facility before finding temporary housing. Then she hoped to move her teenage son up to L.A. to live with her, and to pursue her dream of becoming a veterinarian tech.

    All of that was cut short Dec. 4, when the Los Angeles City Fire Department shut down the facility over what it said were building and fire code violations, officials said. The group of 43 women, whose ranks included survivors of human trafficking, substance abuse and homelessness, had a few hours to pack up their belongings and find a new place to stay.

    Richardson’s mother, Janet Dooley, picked her up from Freehab and brought her back to Dooley’s home in Huntington Beach. Eight days later, Dooley found her daughter dead from an overdose of meth and fentanyl.

    Jasmine Richardson when she was attending middle school in Montana in the 2000s.

    (Janet Dooley)

    “I believe that if the place hadn’t closed,” Dooley said, “she’d still be alive today.”

    More than six months after the closure, questions about why it was forced to shut down are at the forefront of a lawsuit filed by the Teen Project, the nonprofit that operated the Freehab, against A&E Development Co., the facility’s landlord. The nonprofit alleges that A&E breached its lease and failed to maintain conditions that adhered to building codes, regulations, permits and ordinances, resulting in the rehab’s shutdown.

    The organization is seeking at least $5 million in damages.

    On a GoFundMe page created to raise money for a new treatment facility, the Teen Project blamed its landlord’s “refusal to ensure building’s upkeep” and the Fire Department’s “unwillingness to compromise, and exerting their power, even if it cost our girls their lives.”

    According to safety violation notices from the L.A. City Fire Department obtained by The Times, the Freehab had been ordered multiple times since at least September to get a fire permit to operate a residential care facility, hire fire watch personnel, install automatic fire sprinklers throughout the building and obtain a valid permit for the fire door connecting the Freehab and the adjacent building.

    The organization was notified via both email and mailed letters addressed to the Sun Valley facility, according to the notices.

    The alleged safety issues apparently go back even further. According to Fox 11, LAFD Assistant Fire Chief Kristine Larson told the Freehab’s staff in December: “In 2020, this building was required to have sprinklers, and it does not have sprinklers; therefore, it is unsafe to be occupied for overnight use.”

    Lauri Burns, executive officer of the Teen Project, said via email that she found out about the alleged violations a week before the closure.

    “They said they weren’t shutting us down and they would give us ample time to fix things, and then they returned one week later and shut us down without notice,” Burns added.

    Burns said after learning about the violations, the Freehab complied with nearly all of the requirements and paid around $7,000 a week to have a fire watch on-site at all hours. She said they weren’t able to install sprinklers because that process would take at least a month and require permits and inspections.

    Case Manager Priscilla Nunez helps put together items in the dining area of the new Teen Project facility.

    Case manager Priscilla Nunez helps put together items in the dining area of the new Teen Project facility in April in Van Nuys.

    (Gina Ferazzi / Los Angeles Times)

    In its Jan. 31 lawsuit, the Teen Project alleges that A&E failed to address rat and maggot infestations at the Freehab, ignored unauthorized trailers and homelessness in the Freehab’s shared parking lot and didn’t repay the Teen Project for replacing HVAC systems and other amenities.

    Because of A&E’s “inability to provide a useable/safe space to lease for its intended purpose,” the lawsuit states, the Freehab was forced to shut down.

    “The residents under The Teen Project’s care were traumatically displaced from their safety net, and horrifically resulted in the relapse and death of a young woman only a few days later,” according to the lawsuit.

    In court papers, A&E disavowed responsibility for the shuttering of the Freehab, saying “the facts and the law are clear that the A&E is not responsible for ensuring the Premises could be used as a rehab facility.” A&E argued that the Teen Project “voluntarily vacated” the Freehab after the Fire Department and the California Department of Health Care Services revoked permits to operate the rehab facility.

    After the Freehab’s shutdown, A&E said, it received a notice from the Teen Project demanding that A&E bring the Freehab up to code. But according to A&E, the lease required it to fix problems only if they were raised within six months of the start of the lease. The Teen Project terminated its lease on Jan. 19 after the conditions to operate the Freehab weren’t met.

    The LAFD said in a Dec. 5 statement after the Freehab’s closure that the agency “will continue to provide guidance to the building owner and lessee regarding required compliance with the fire violations and change-of-use permits to ensure the safety and security of the tenants and the property.”

    “The California Department of Health Care Services is responsible for ensuring this type of facility is in compliance with the fire code and questions regarding the status of this facility’s license to operate should be directed to them,” according to the statement. “They are also responsible for rehousing any displaced residents.”

    LAFD spokesperson Karla Tovar said that a fire code change in 2020 required sprinklers in the type of building that housed the Freehab. The alleged violations were found during a fire inspection and “much research was done with many other agencies before the facility was closed,” she said.

    In response to the Teen Project’s allegation that LAFD’s actions somehow contributed to the overdose death of one of the Freehab’s clients, Tovar said in an emailed statement:

    “The LAFD is committed to preserving life, protecting property, and safeguarding our communities. Ensuring that buildings operate according to fire and life safety regulations is a matter we take seriously for residents, patrons, employees, and owners.”

    A spokesperson from the California Department of Health Care Services confirmed that the Freehab was deemed noncompliant with the fire code. The agency said it was able to get 32 of the 43 women into other treatment centers across L.A. However, Richardson told them she wanted to go home to be with her son, her mother said.

    The Teen Project, whose name was born out of “teenagers exiting foster care to homelessness and trafficking,” according to Burns, opened a new facility in June called the Van Nuys Sanctuary. At least 10 of the women who stayed at the Freehab reached out and asked if they could get a spot at the new center, according to Teen Project program director Melissa Coons.

    “They have a safe place to be and we really try to make this place look like a home versus an institution,” she said. “We’re really excited to get back to helping the girls in the community.”

    Richardson’s problems began in middle school, when she became depressed and started self-medicating with marijuana, Dooley said. It snowballed after she turned 18, when her father died and she later turned to meth. Richardson, her ex-boyfriend and her son lived with Dooley until well into the pandemic, when Dooley said she had to evict them.

    A woman stands next to a twin bed

    Yesenia Sanchez was in the Teen Project program for substance abuse and now works as a cook at the new facility.

    (Gina Ferazzi / Los Angeles Times)

    “Things got worse and worse, and I had to get them out because I couldn’t live like that,” Dooley added.

    After the Freehab closed, Richardson didn’t know what to do. According to her mother, she thought about going to a Narcotics Anonymous meeting. She texted employees from the Teen Project to see if she could get into temporary housing.

    On Dec. 11, Dooley dropped Richardson off near the courthouse to handle a legal matter but didn’t hear from her for a few hours. Richardson came home late and said she had been with friends. Dooley got up for work around 3 a.m., and when she came home five hours later, she discovered that Richardson had overdosed.

    “Jasmine was incredibly upset and scared” when the Freehab closed, Coons said. “Originally, she wanted to stay with us for a year, and she never really wavered from that.”

    Tom Wolf, a recovering fentanyl and heroin addict who founded the Pacific Alliance for Prevention and Recovery, said that structure and routine are especially important in early recovery. Significant emotional events, such as a death in the family, job loss or a breakup can result in relapse.

    “These folks were displaced, and even if they were offered shelter or housing in another program, they were displaced from friendships, the support systems and the structure of that specific program,” he said. “If you take all of those things away at once from someone after years of homelessness, it would be easy to go back onto the street and buy fentanyl for $5 and relapse.”

    Yesenia Sanchez, 31, struggled with addiction to alcohol, but she has been sober for more than two years after completing the Freehab’s six-month program. She started out as an intern in the kitchen before becoming a full-time cook at the facility.

    She wasn’t working the day the Freehab was forced to shut down, but once she heard about the closure, she scrambled to help the women find other places to stay. Some of them, she said, had to go back to living on the streets.

    “That was really hard because those were the girls we were helping every day, and we just didn’t have enough time,” she said.

    Casey Anderson, another former Freehab client, relapsed almost immediately after the facility closed down. Anderson first started abusing Ritalin as a teenager before getting addicted to meth. She was homeless for more than a year and slept in various parks in Lancaster before deciding she needed to get help.

    Casey Anderson

    Casey Anderson outside her sponsor’s home in Simi Valley.

    (Michael Blackshire / Los Angeles Times)

    Anderson started living at the Freehab in June 2023 and was two weeks away from completing her program when the facility closed.

    “It was heartbreaking,” she said. “We all felt safe. We all felt like we had a place to go and then all of a sudden, it was taken from us.”

    Anderson didn’t think she would need to go into another program after the Freehab’s closure. Instead, she reverted to living with her parents in Lancaster and quickly got hooked on drugs again. In early April, she contacted one of the program directors from the Teen Project to get on the waiting list for the new Van Nuys facility, where she moved June 6. There were eight women in the program as of June 25.

    She is sober again and is hoping to get back to pursuing her dream of becoming a preschool teacher. In the meantime, she recently got a job working as a registered alcohol and drug technician.

    “I thought I was ready to leave, but I wasn’t,” Anderson said. “I only had two weeks left, but it turns out I actually needed more. I probably would’ve known that if we had more time to work on it.”

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  • Pope Francis condemns burning of Koran – UAE newspaper

    Pope Francis condemns burning of Koran – UAE newspaper

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    DUBAI, July 3 (Reuters) – Pope Francis said the burning of the Muslim holy book, the Koran, has made him angry and disgusted and that he condemned and rejected permitting the act as a form of freedom of speech.

    “Any book considered holy should be respected to respect those who believe in it,” the pope said in an interview in the United Arab Emirates newspaper Al Ittihad, published on Monday. “I feel angry and disgusted at these actions.

    “Freedom of speech should never be used as a means to despise others and allowing that is rejected and condemned.”

    A man tore up and burned a Koran in Sweden’s capital Stockholm last week, resulting in strong condemnation from several states, including Turkey whose backing Sweden needs to gain entry to the NATO military alliance.

    While Swedish police have rejected several recent applications for anti-Koran demonstrations, courts have over-ruled those decisions, saying they infringed freedom of speech.

    On Sunday, an Islamic grouping of 57 states said collective measures are needed to prevent acts of desecration to the Koran and international law should be used to stop religious hatred.

    Reporting by Maha Eldahan; Editing by Edmund Klamann and Raju Gopalakrishnan

    Our Standards: The Thomson Reuters Trust Principles.

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  • Iran says to form naval alliance with Gulf states to ensure regional stability

    Iran says to form naval alliance with Gulf states to ensure regional stability

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    June 3 (Reuters) – Iran’s navy commander said his country and Saudi Arabia, as well as three other Gulf states, plan to form a naval alliance that will also include India and Pakistan, Iranian media reported on Saturday.

    “The countries of the region have today realized that only cooperation with each other brings security to the area,” Iran’s navy commander Shahram Irani was quoted as saying.

    He did not elaborate on the shape of the alliance that he said would be formed soon.

    Iran has recently been trying to mend its strained ties with several Gulf Arab states.

    In March, Saudi Arabia and Iran ended seven years of hostility under a China-mediated deal, stressing the need for regional stability and economic cooperation.

    Naval commander Irani said the states that will take part in the alliance also include the United Arab Emirates (UAE), Bahrain, Qatar, Iraq, Pakistan, and India.

    Saudi Arabia’s rapprochement with Iran has frustrated Israel’s efforts to isolate Iran diplomatically.

    The UAE, which was the first Gulf Arab country to sign a normalization agreement with Israel in 2020, resumed formal relations with Iran last year.

    Bahrain and Morocco later joined the UAE in establishing ties with Israel.

    Reporting by Dubai Newsroom; Editing by Toby Chopra

    Our Standards: The Thomson Reuters Trust Principles.

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  • Adani’s market losses top $100 bln as crisis shockwaves spread

    Adani’s market losses top $100 bln as crisis shockwaves spread

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    • Market rout deepens in Indian tycoon Adani’s shares
    • Adani Enterprises loses $26 bln in value since report
    • Falls after Adani pulled share sale, investors spooked
    • Analysts say signals confidence crisis in Indian market

    NEW DELHI/MUMBAI, Feb 2 (Reuters) – Adani’s market losses swelled above $100 billion on Thursday, sparking worries about a potential systemic impact a day after the Indian group’s flagship firm abandoned its $2.5 billion stock offering.

    Another challenge for Adani on Thursday came when S&P Dow Jones Indices said it would remove Adani Enterprises from widely used sustainability indices, effective Feb. 7, which would make the shares less appealing to sustainability-minded funds.

    In addition, India’s National Stock Exchange said it has placed on additional surveillance shares of Adani Enterprises <ADEL.NS>, Adani Ports <APSE.NS> and Ambuja Cements <ABUJ.NS>. read more

    However, Adani Group Chairman Gautam Adani is in talks with lenders to prepay and release pledged shares as he seeks to restore confidence in the financial health of his conglomerate, Bloomberg News reported on Thursday. read more

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    The shock withdrawal of Adani Enterprises’ share sale marks a dramatic setback for founder Adani, the school dropout-turned-billionaire whose fortunes rose rapidly in recent years but have plunged in just a week after a critical research report by U.S.-based short-seller Hindenburg Research.

    Aborting the share sale sent shockwaves across markets, politics and business. Adani stocks plunged, opposition lawmakers called for a wider probe and India’s central bank sprang into action to check on the exposure of banks to the group. Meanwhile, Citigroup’s (C.N) wealth unit stopped making margin loans to clients against Adani Group securities.

    The crisis marks an dramatic turn of fortune for Adani, who has in recent years forged partnerships with foreign giants such as France’s TotalEnergies (TTEF.PA) and attracted investors such as Abu Dhabi’s International Holding Company as he pursues a global expansion stretching from ports to the power sector.

    In a shock move late on Wednesday, Adani called off the share sale as a stocks rout sparked by Hindenburg’s criticisms intensified, despite it being fully subscribed a day earlier.

    “Adani may have started a confidence crisis in Indian shares and that could have broader market implications,” said Ipek Ozkardeskaya, senior market analyst at Swissquote Bank.

    Adani Enterprises shares tumbled 27% on Thursday, closing at their lowest level since March 2022.

    Other group companies also lost further ground, with 10% losses at Adani Total Gas (ADAG.NS), Adani Green Energy (ADNA.NS) and Adani Transmission (ADAI.NS), while Adani Ports and Special Economic Zone shed nearly 7%.

    Since Hindenburg’s report on Jan. 24, group companies have lost nearly half their combined market value. Adani Enterprises – described as an incubator of Adani’s businesses – has lost $26 billion in market capitalisation.

    Adani is also no longer Asia’s richest person, having slid to 16th in the Forbes rankings of the world’s wealthiest people, with his net worth almost halved to $64.6 billion in a week.

    The 60-year-old had been third on the list, behind billionaires Elon Musk and Bernard Arnault.

    His rival Mukesh Ambani of Reliance Industries (RELI.NS) is now Asia’s richest person.

    Reuters Graphics

    BROADER CONCERNS

    Adani’s plummeting stock and bond prices have raised concerns about the likelihood of a wider impact on India’s financial system.

    India’s central bank has asked local banks for details of their exposure to the Adani Group, government and banking sources told Reuters on Thursday.

    CLSA estimates that Indian banks were exposed to about 40% of the $24.5 billion of Adani Group debt in the fiscal year to March 2022.

    Dollar bonds issued by entities of Adani Group extended losses on Thursday, with notes of Adani Green Energy crashing to a record low. Adani Group entities made scheduled coupon payments on outstanding U.S. dollar-denominated bonds on Thursday, Reuters reported citing sources.

    “We see the market is losing confidence on how to gauge where the bottom can be and although there will be short-covering rebounds, we expect more fundamental downside risks given more private banks (are) likely to cut or reduce margin,” said Monica Hsiao, chief investment officer of Hong Kong-based credit fund Triada Capital.

    In New Delhi, opposition lawmakers submitted notices in parliament demanding discussion of the short-seller’s report.

    The Congress Party called for a Joint Parliamentary Committee be set up or a Supreme Court monitored investigation, while some lawmakers shouted anti-Adani slogans inside parliament, which was adjourned for the day.

    ADANI VS HINDENBURG

    Adani made acquisitions worth $13.8 billion in 2022, Dealogic data showed, its highest ever and more than double the previous year.

    The cancelled fundraising was critical for Adani, which had said it would use $1.33 billion to fund green hydrogen projects, airports facilities and greenfield expressways, and $508 million to repay debt at some units.

    Hindenburg’s report alleged an improper use of offshore tax havens and stock manipulation by the Adani Group. It also raised concerns about high debt and the valuations of seven listed Adani companies.

    The Adani Group has denied the accusations, saying the allegation of stock manipulation had “no basis” and stemmed from an ignorance of Indian law. It said it has always made the necessary regulatory disclosures.

    Adani had managed to secure share sale subscriptions on Tuesday even though the stock’s market price was below the issue’s offer price. Maybank Securities and Abu Dhabi Investment Authority had bid for the anchor portion of the issue, investments which will now be reimbursed by Adani.

    Late on Wednesday, the group’s founder said he was withdrawing the sale given the share price fall, adding his board felt going ahead with it “will not be morally correct”.

    Reporting by Chris Thomas, Nallur Sethuraman, Tanvi Mehta, Ira Dugal, Aftab Ahmed, Sumeet Chatterjee, Anshuman Daga, Summer Zhen, Ross Kerber and Bansari Mayur Kamdar; Editing by Muralikumar Anantharaman, Jason Neely and Alexander Smith

    Our Standards: The Thomson Reuters Trust Principles.

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  • Exclusive: Russians, Ukrainians met in UAE to discuss prisoner swap, ammonia, sources say

    Exclusive: Russians, Ukrainians met in UAE to discuss prisoner swap, ammonia, sources say

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    RIYADH, Nov 24 (Reuters) – Representatives from Russia and Ukraine met in the United Arab Emirates last week to discuss the possibility of a prisoner-of-war swap that would be linked to a resumption of Russian ammonia exports, which go to Asia and Africa, via a Ukrainian pipeline, three sources with knowledge of the meeting said.

    The sources said the talks were being mediated by the Gulf Arab state and did not include the United Nations despite the U.N.’s central role in negotiating the ongoing initiative to export agricultural products from three Ukrainian Black Sea ports. Ammonia is used to make fertilizer.

    However the talks aim to remove remaining obstacles in the initiative extended last week and ease global food shortages by unblocking Ukrainian and Russian exports, they added.

    The sources asked not to be named in order to freely discuss sensitive matters.

    The Russian and Ukrainian representatives travelled to the UAE capital Abu Dhabi on Nov. 17 where they discussed allowing Russia to resume ammonia exports in exchange for a prisoner swap that would release a large number of Ukrainian and Russian prisoners, the sources said.

    Reuters could not immediately establish what progress was made at the talks.

    The Ukrainian ambassador to Turkey, Vasyl Bodnar, told Reuters that “releasing our prisoners of war is part of negotiations over opening Russian ammonia exports”, adding “Of course we look for ways to do that at any opportunity”. Bodnar said he was unaware if a meeting took place in the UAE.

    Putin said on Wednesday that Russian officials would work to unblock Russian fertilisers stuck in European ports and to resume ammonia exports.

    The UAE’s foreign ministry did not respond to Reuters’ request for comment.

    Lana Nusseibeh, UAE’s Assistant Minister of Foreign Affairs and International Cooperation, said Abu Dhabi remains firmly committed to help keep channels of communication open, encourage dialogue and support diplomacy to end the war in Ukraine.

    “In times of conflict, our collective responsibility is to leave no stone unturned towards identifying and pursuing paths that bring about a peaceful and swift resolution of crises,” Nusseibeh said in a statement carried by state news agency WAM.

    Russia and Ukraine’s defence and foreign ministries did not respond to Reuters’ requests for comment.

    Asked if the United Nations were involved in the talks, a spokesperson for the organisation declined to comment.

    WESTERN PRESSURE

    The export of Russian ammonia would be via an existing pipeline to the Black Sea.

    The pipeline was designed to pump up to 2.5 million tonnes of ammonia gas per year from Russia’s Volga region to Ukraine’s Black Sea port of Pivdennyi, known as Yuzhny in Russian, near Odesa for onward shipment to international buyers. It was shut down after Russia sent its troops into Ukraine on Feb. 24.

    The export of ammonia was not part of the renewal of the U.N.-backed grains corridor deal that restored commercial shipping from Ukraine.

    Last week, Rebeca Grynspan, Secretary-General of U.N. agency UNCTAD, who leads the negotiations on fertiliser, said she was optimistic Russia and Ukraine could agree to the terms for the export of Russian ammonia via the pipeline, without giving details.

    Ukraine’s President Volodymyr Zelenskiy has publicly set several conditions before allowing Russia to resume its ammonia exports via the pipeline, including a prisoner swap and reopening of Mykolaiv port in the Black Sea.

    Neither Russia nor Ukraine have released official figures on how many prisoners of war they have taken since Russia invaded in February. On Oct. 29, Ukrainian President Volodymr Zelenskiy said that since March, Russia had freed a total of 1,031 prisoners.

    Russia and Ukraine have disclosed few details about direct meetings between representatives from the two countries following the abandonment of ceasefire talks in the first few weeks following Moscow’s invasion on February 24.

    Abu Dhabi’s efforts follow in the footsteps of Saudi Arabia, which scored a diplomatic win by securing freedom for foreign fighters captured in Ukraine in September.

    The UAE, like Saudi Arabia, is a member of the OPEC+ oil alliance that includes Russia and has also maintained good ties with Moscow despite Western pressure to help isolate Russia over the invasion of Ukraine, which Moscow calls its “special military operation”.

    UAE President Mohammed bin Zayed al-Nahyan visited Moscow last month where he discussed with President Vladimir Putin the possibility of Abu Dhabi mediating for an ammonia deal, two of the sources said.

    Ukraine is a major producer of grains and oilseeds. Russia is the world’s largest wheat exporter and a major supplier of fertilisers to global markets.

    Since July, Moscow has repeatedly said its shipments of grain and fertilisers, though not directly targeted by sanctions, are constrained because sanctions make it harder for exporters to process payments or to obtain vessels and insurance.

    Reporting by Aziz El Yaakoubi in Riyadh, Pavel Polityuk in Kiev and Jonathan Saul in London, additional reporting by Jonathan Spicer; Editing by Frank Jack Daniel and Jon Boyle

    Our Standards: The Thomson Reuters Trust Principles.

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  • U.S. may skirt recession in 2023, Europe not so lucky – Morgan Stanley

    U.S. may skirt recession in 2023, Europe not so lucky – Morgan Stanley

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    TOKYO, Nov 14 (Reuters) – Britain and the euro zone economies are likely to tip into recession next year, Morgan Stanley said, but the United States might make a narrow escape thanks to a resilient job market.

    At the same time, China’s expected reopening after almost three years of COVID-19 curbs is set to lead a recovery in its own economy and other emerging Asian markets, the investment bank’s analysts said in a series of reports published on Sunday.

    “Risks are to the downside,” the reports said, projecting the global economy to grow by 2.2% next year, lower than the International Monetary Fund’s latest 2.7% growth estimate. read more

    Next year, Morgan Stanley predicts a sharp split between developed economies “in or near recession” while emerging economies “recover modestly” but said an overall global pickup would likely remain elusive. China’s economy was predicted to grow 5% in 2023, outpacing the average 3.7% growth expected for emerging markets, while the average growth in the Group of 10 developed countries was forecast at just 0.3%.

    Central banks across the globe have raised interest rates this year to curb raging inflation, and in the United States, Morgan Stanley predicted the Federal Reserve to keep rates high in 2023 as inflation remains strong after peaking in the fourth quarter of this year.

    “The U.S. economy just skirts recession in 2023, but the landing doesn’t feel so soft as job growth slows meaningfully and the unemployment rate continues to rise,” the report said, predicting a 0.5% expansion next year.

    “The cumulative effect of tight policy in 2023 spills over into 2024, resulting in two very weak years,” the report added.

    Globally too, the peak in inflation should come in the current quarter, the analysts said, “with disinflation driving the narrative next year”.

    • U.S. core inflation to fall to 2.9% at end-2023, headline inflation to 1.9%
    • Asia growth to dip to 3.4% in 1H23 before recovering to 4.6% in 2H23, fuelled by domestic demand
    • Cross-asset returns – especially in fixed income – will look much better in 2023 than in 2022, driven by cheaper starting valuations
    • High-grade fixed income to outperform global equities
    • EM and Japan stocks to outperform, with U.S. shares lagging

    Reporting by Kevin Buckland, editing by Miral Fahmy

    Our Standards: The Thomson Reuters Trust Principles.

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  • OPEC+ JMMC agrees oil output cuts of 2 mln bpd – sources

    OPEC+ JMMC agrees oil output cuts of 2 mln bpd – sources

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    LONDON, Oct 5 (Reuters) – OPEC+ key ministers, known as the joint ministerial monitoring committee, has agreed oil production cuts of 2 million barrels per day, three OPEC+ sources said.

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    Reporting by OPEC Newsroom; editing by David Evans

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