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Flower protests in Myanmar for Suu Kyi's 76th birthday
  + stars: | 2021-06-19 | by ( ) + 0.00   time to read: +3 min
State Counsellor of Myanmar Aung San Suu Kyi attends the 22nd ASEAN Plus Three Summit in Bangkok, Thailand, November 4, 2019. REUTERS/Chalinee ThirasupaJune 19 (Reuters) - Supporters of Myanmar's detained leader Aung San Suu Kyi wore flowers in their hair and paraded with them at street demonstrations on Saturday as she marked her 76th birthday locked up by the generals who overthrew her. Protests have been held almost daily in Myanmar since Suu Kyi was ousted in a Feb. 1 coup that cut short a decade of democratic reforms and also sparked paralysing strikes and renewed conflict in the Southeast Asian country. "I demand freedom for all the people including Aung San Suu Kyi," he said "Her individual rights and political rights are being violated." The army overthrew Suu Kyi after her administration dismissed its allegations of fraud over her party's landslide election victory last November.
Persons: Suu Kyi, Chalinee, Myanmar's, Aung San Suu Kyi, Thet Swe, Suu, Myanmar Christine Schraner Burgener, Matthew Tostevin, Shri Navaratnam Organizations: ASEAN, REUTERS, United Nations General Assembly, Assistance Association for Political Prisoners, International, Thomson Locations: Myanmar, Bangkok, Thailand, Suu, Belarus, China, Russia
The Iranian election Friday is all but guaranteed to rubber-stamp Ebrahim Raisi, the head of the Islamic Republic’s judiciary, as the president. Raisi’s political rise has been long and brutal, earning him sanctions that prohibit all dealings with him. Raisi was a member of the so-called death commission that ordered the extrajudicial executions of at least 4,000 political prisoners. As documented by Amnesty International, the death commission bore no resemblance to a true court; its proceedings were arbitrary and offered no possibility of appeal. But in 1988, my dream was crushed when the death commission killed my uncle.
Persons: Ebrahim Raisi, Raisi, Raisi’s, Ayatollah Ali Khamenei, Bahman Nezami, Borghan Nezami, Bahman, Khamenei Organizations: Green Movement, Amnesty International, Department, Government of Resistance Locations: U.S, Islamic Republic, Raisi, Tehran, Republic, Iran, Iraq, United States
While we’ve spent the past five years obsessed with Russia’s meddling in America, we’ve conveniently forgotten America’s meddling in Russia. “Yanks to the Rescue: The Secret Story of How American Advisors Helped Yeltsin Win” proclaimed the headline. Some countries say they’re strong, some say heroic, some say divine or tragic or misunderstood. I loved the freedom, I loved the suburbs, I loved holidays full of eating and fireworks, I loved the ample personal space, and I loved, deeply loved, Ronald Reagan — the American president who fought for my freedom. Soon enough I realized that while for me, the American flag symbolized hope, for those Salvadorans, the American flag meant death.
Persons: Joe Biden, Vladimir Putin, Biden, Allen Dulles, Mohammed Mossadegh, Shah Mohammad Reza Pahlavi, Salvador, — Augusto Pinochet, Pinochet, Richard Nixon, Henry Kissinger, Augusto Pinochet, We’ve, Suharto, quarterbacked, Patrice Lumumba, we’ve, Boris Yeltsin — who’d, Russia —, Yeltsin Win ”, Yeltsin, he’d, Bill Clinton, , Liev Schreiber, Jeff Goldblum, , Putin, don’t, Viktor Yanukovych, John McCain, State Victoria Nuland, McCain, wouldn’t, callously, Ronald Reagan —, Reagan Organizations: CIA, Former U.S, of Foreign, Yanks, American, White House, International Monetary Fund, Hollywood, State Victoria, Boston College Locations: United States, Iran, Iranian, America, Chile, Salvador Allende, Latin America, Guayana, Indonesian, Italy, Russia, Washington, Sen, U.S, China, Soviet, El Mozote, El, , Indonesia
WASHINGTON — The U.S.-led military mission in Afghanistan planned to hold a flag-lowering ceremony on Friday in Kabul with NATO allies but the event was cancelled at the last moment amid questions over what the ceremony was meant to signify, according to three U.S. Defense officials. The flag-lowering ceremony at the Kabul headquarters for NATO’s “Resolute Support” mission, which trains and advises Afghan security forces, was called off only hours before it was due to begin, the Defense officials said. The ceremony likely would be held at another date, two Defense officials said, and would only include officers and officials already working at the headquarters due to concerns over Covid-19. U.S. troops already have handed over several bases and airfields to Afghan security forces and C-17 cargo planes are continuously flying out equipment. The Defense Department “continues to pursue, analyze and refine the best options available and will announce corresponding decisions and implementation plans as they become available and appropriate,” Lodewick said.
Persons: WASHINGTON, Joe Biden, Donald Trump’s, Biden, , , Stephanie Kostro, ” Kostro, Rob Lodewick, ” Lodewick, Defense Department “, Biden’s, Ronald Neumann, Jake Sullivan, Tayyip Erdogan, Sullivan, Hamid, Erdogan Organizations: NATO, U.S . Defense, U.S, Pentagon, , Defense, United, Taliban, U.S ., Lawmakers, State Department, U.S . Agency for International Development, Professional Services Council, Professional Services, NBC, DoD, Department of Defense, State, Department, Defense Department, The State Department, Washington Post, International Airport, Monday, American Foreign Service Association, Afghan, Coalition Locations: The U.S, Afghanistan, Kabul, Washington, Resolute, Covid, U.S, United States, , Turkey, Brussels, American
Fact Check-COVID-19 vaccines are not ‘cytotoxic’
  + stars: | 2021-06-18 | by ( Reuters Fact Check | ) + 0.00   time to read: +2 min
Posts are sharing the false statement that the spike protein in COVID-19 vaccines is cytotoxic, suggesting that it kills or damages cells. The text in the posts read: “THE FDA WAS ALERTED MONTHS AGO THAT THE SPIKE PROTEIN IN THE COVID VACCINES ARE CYTOTOXIC. CYTOTOXIC: TOXIC TO CELLS. Your cells “show” your immune system the spike protein and pieces of the spike protein. There is no evidence that COVID-19 vaccines are cytotoxic (toxic to cells).
Persons: Robert Malone, Steve Kirsch, Bret Weinstein, , Sabina Vohra, Miller, Anna Durbin, ” Durbin, Durbin, Read Organizations: Health, International Health, Johns Hopkins Bloomberg School of Public Health, Reuters Locations: COVID
US STOCKS-Dow drops 1% after hawkish Bullard remarks
  + stars: | 2021-06-18 | by ( Shashank Nayar | Medha Singh | ) + 0.00   time to read: +3 min
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) The CBOE volatility index, Wall Street’s fear gauge, spiked to 20.60 points, its highest level since May 21 following his comments. Wall Street’s main indexes were jolted earlier this week after the Fed unexpectedly signaled it could begin tapering its massive stimulus sooner than expected, setting the benchmark S&P 500 on course to snap a three-week winning streak. ET, the Dow Jones Industrial Average was down 371.35 points, or 1.10%, at 33,452.10 and the S&P 500 was down 31.41 points, or 0.74%, at 4,190.45. The S&P index recorded seven new 52-week highs and one new low, while the Nasdaq recorded 18 new highs and 23 new lows.
Persons: Dow, James Bullard, pare, Bullard, , Sam Stovall, advancers, Sagarika Jaisinghani, Medha Singh, Shashank, Maju Samuel Organizations: Mitsubishi, Bank, Dow, Nasdaq, Federal Reserve, Louis Federal Reserve, CFRA Research, Dow Jones, Transportation, International Inc, Mitsubishi HC Capital Inc, NYSE Locations: Bengaluru
LONDON (Reuters) - OPEC officials heard from industry experts that U.S. oil output growth will likely remain limited in 2021 despite rising prices, OPEC sources said, giving it more power to manage the market in the short term before a potentially strong rise in shale output in 2022. While there was general agreement on limited U.S. supply growth this year, an industry source said for 2022 forecasts ranged from growth of 500,000 bpd to 1.3 million bpd. U.S. shale oil output usually responds rapidly to price signals and U.S. crude has this week hit its highest since October 2018 at nearly $73 a barrel. “Investment discipline and free cash flow for the investor,” said one OPEC+ source on condition of anonymity, summarising one of the ECB meeting’s talking points. OPEC producers were sent reeling by a 2014-2016 price slide and global glut caused partly by rising U.S. output.
Persons: Dado, , Wood MacKenzie Organizations: REUTERS, OPEC’s Economic, Board, ECB, Investment, OPEC, International Energy Agency, Argus Media, U.S . Energy Information Administration, IHS, Energy Intelligence Locations: OPEC, Saudi Arabia
Daredevil motorcyclist Alex Harvill died Thursday while warming up for a world-record motorcycle jump in Washington, authorities said. FacebookVideo appeared to show Harvill landing short of a ramp, hitting the edge of a dirt berm and being thrown from his bike. The stunt rider was taken to a hospital but later died, event officials said. "Coroner Morrison’s staff will conduct an autopsy on Friday to confirm the cause and manner of death, which is normal procedure," the Grant County Coroner's Office said in a statement on Thursday. Harvill, who set a record in 2013 for the longest dirt-to-dirt motorcycle ramp jump (297 feet), was trying to fly over 351 feet and break Robbie Maddison's 2008 Guinness World Record at the time of the crash.
Persons: Alex Harvill, Harvill, Moses, Morrison’s, Robbie Maddison's, Suzy Organizations: Grant County International Airport, Facebook, Coroner's Locations: Washington, Spokane, Grant
Factbox: How central banks are responding to climate change
  + stars: | 2021-06-18 | by ( Reuters Staff | ) + 0.00   time to read: +6 min
(Reuters) - The Bank of Japan unveiled a plan on Friday to boost funding for fighting climate change, a surprise move underscoring the growing importance of the issue for central banks. FILE PHOTO: The headquarters of the European Central Bank (ECB) in Frankfurt, Germany, March 12, 2016. It has begun conducting more research on the economic implications of climate change. But Fed chair Jerome Powell is reluctant to go as far as other central banks on the issue, arguing that policies that tackle climate change head-on should be decided by elected officials. While he agreed climate change could have deep ramifications for inflation, employment, productivity and other economic measures, he told a conference in June: “Climate change is not something we directly consider in setting monetary policy”.
Persons: Kai Pfaffenbach, Jerome Powell, polluters, Yi Gang, Yi, Liu Guiping, Mark Carney, BoE, Thomas Jordan Organizations: Reuters, Bank of Japan, European Central Bank, REUTERS, FEDERAL, Fed, Network, Greening, CENTRAL BANK, ECB, BANK OF JAPAN, OF CHINA, OF, Bank of England, SWISS NATIONAL BANK, ZEALAND, Bank for International Settlements ’, Green Bond Fund Locations: Frankfurt, Germany, China, SWISS, SWEDISH, Alberta, Australia, Zealand, Bank for International Settlements ’ U.S
(Reuters) -Wall Street’s main indexes were set to open sharply lower on Friday after Federal Reserve Bank of St. Louis President James Bullard said inflation was stronger than anticipated and it would take the Fed several meetings to figure out how to pare back stimulus. FILE PHOTO: A street sign is seen in front of the New York Stock Exchange on Wall Street in New York, February 10, 2009. The CBOE volatility index, Wall Street’s fear gauge, spiked to 20.60 points, its highest level since May 21 following his comments. ET, Dow e-minis were down 308 points, or 0.91%, S&P 500 e-minis were down 30.5 points, or 0.72%, and Nasdaq 100 e-minis were down 80 points, or 0.57%. Shares of banks including JPMorgan Chase & Co, Goldman Sachs Group Inc and Citigroup Inc fell as much as 1%.
Persons: Louis President James Bullard, pare, Eric Thayer, Bullard, , David Grecsek, Russell Organizations: Reuters, Federal Reserve Bank of St, New York Stock Exchange, REUTERS, CNBC, Dow e, Nasdaq, JPMorgan Chase &, Goldman Sachs Group Inc, Citigroup Inc, Transportation, International Inc, Mitsubishi HC Capital Inc Locations: New York
US STOCKS-Recovery bets keep S&P, Nasdaq futures near record highs
  + stars: | 2021-06-18 | by ( Sagarika Jaisinghani | ) sentiment -1.00   time to read: +2 min
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Futures: Nasdaq up 0.16%, Dow and S&P off 0.11%June 18 (Reuters) - Futures tracking the S&P 500 and the Nasdaq indexes hovered near record highs on Friday as optimism around a speedy economic recovery overshadowed the Federal Reserve’s hawkish stance on monetary stimulus. Shares of Apple Inc, Facebook Inc, Nvidia Corp and Google-parent Alphabet Inc rose as much as 1.2% in premarket trading. Tech-heavy Nasdaq 100 futures were up 0.2% by 06:36 a.m. Dow e-minis and S&P 500 e-minis, on the other hand, were down 0.11%.
Persons: Norway’s Adevinta, Sagarika, Maju Samuel Organizations: Nasdaq, Dow, Apple Inc, Facebook Inc, Nvidia Corp, Google, Tech, JPMorgan Chase &, Goldman Sachs Group Inc, Citigroup Inc, eBay, Transportation, International Inc, Mitsubishi HC Capital Inc Locations: Bengaluru
COLUMN-Euro reserves rebuild - but not so fast :Mike Dolan
  + stars: | 2021-06-18 | by ( Mike Dolan | ) + 0.00   time to read: +6 min
A breakdown of bond buyers for the first 20 billion euros the EU’s 800 billion euro ‘Next Generation’ funding this week showed 23% were central banks. That’s slightly above the 21% who bought the 90 billion euros of debt backing the EU’s job support programme SURE over the past six months. The take up is encouraging with another 780 billion euros of the AAA-rated bonds to go - and this week’s initial target of 10 billion euros of 10-year bonds meeting 142 billion euros of bids, eventually doubling the size of the sale. It was as high as 72% as the euro was launched in 1999 and 66% just six years ago. NOT SO FASTBut not so fast on the euro at least, reckons Bank of America, which this week published a deep dive into reserve currency shifts.
Persons: it’s, Mellon, Geoffrey Yu, , ” BofA Organizations: Reuters, LONDON, Union, Social, , U.S ., , AAA, European Central Bank, International Monetary Fund, Wealth Fund, reckons Bank of America, ICE, EU, Bank for International Locations: Germany, United States, China, Russia
Bitcoin, the world's best known cryptocurrency, has a few flaws — and that's triggered other digital currencies to come up with more viable options, according to a professor at Cornell University. It isn't as anonymous as people think it is, and "mining" bitcoin is bad for the environment, pointed out economics professor Eswar Prasad. Mining harms the environmentBitcoin mining refers to the energy-intensive process required to produce new coins and ensure the payment network is secure and verified. The electricity used when transactions are validated on the bitcoin blockchain, as well as the mining process, is "certainly not good for the environment," Prasad said. Rather, it's "slow and cumbersome" to use bitcoin to pay for goods and services, and the market is very volatile, Prasad said.
Persons: Eswar Prasad, Prasad, Elon Musk, Tesla, Ethereum, , bitcoin, it's, , Chris Ratcliffe, hasn't, Rather Organizations: Cornell University, CNBC, International Monetary, Mining, Cambridge, Ethereum Foundation, Colonial Pipeline, FBI, Bloomberg, Getty Locations: China, Finland, Switzerland
Tokyo Olympics chief wants to allow up to 10,000 Olympics spectators
  + stars: | 2021-06-18 | by ( ) + 0.00   time to read: +3 min
People have their photographs taken next to the Olympic Rings on June 03, 2021 in Tokyo, Japan. Media said Omi advised holding the Games without any spectators as the least risky option given the potential for another surge in Covid-19 infections. Prime Minister Yoshihide Suga's government decided on Thursday to ease emergency coronavirus curbs in nine prefectures including Tokyo while keeping some "quasi-emergency" restrictions. Health experts including Omi agreed earlier this week that the number of spectators at domestic events could be raised to 10,000, but only in areas where "quasi-emergency" measures, including limiting restaurant hours, have been lifted. "If the epidemic situation worsened, no spectators and cancelling the Games in the middle (of the event) should be debated," he told Reuters.
Persons: Seiko Hashimoto, Yuichi Yamazaki, Hashimoto, Shigeru Omi, Omi, Yoshihide Suga's, Hiroshi Nishiura Organizations: Olympic Rings, Getty, International Olympic Committee, International Paralympic Committee, Tokyo Metropolitan, Media, World Health Organization, Kyoto University, Reuters Locations: Tokyo, Japan
REUTERS/Evelyn HocksteinWASHINGTON, June 17 (Reuters) - U.S. Treasury Secretary Janet Yellen met with Mexican finance minister Arturo Herrera on Thursday, stressing the importance of securing support from the Group of 20 major economies for a proposed global minimum tax, the Treasury said in a statement. Yellen, whose proposal for a global minimum tax of at least 15% has won the backing of the Group of Seven advanced economies, is now urging G20 countries - including Mexico and China - to support the plan when they meet in Venice in July. Yellen told U.S. lawmakers that Washington would not agree to any type of special treatment for China or other countries that would weaken a global minimum tax regime. Herrera, who met with Yellen in Washington, said the two officials discussed the possible approval and implementation of the global minimum tax rate, but gave no details. Treasury said Yellen reviewed ongoing efforts in both countries to address the COVID-19 pandemic and to support a robust economic recovery.
Persons: Janet Yellen, Arturo Herrera Gutierrez, Evelyn Hockstein WASHINGTON, Arturo Herrera, Yellen, Herrera, Kristalina Georgieva, Andrea Shalal, Jacqueline Wong Organizations: Mexican Finance, U.S . Department of, Treasury, REUTERS, . Treasury, U.S, Federal Reserve, International Monetary Fund, Thomson Locations: Washington , U.S, Mexico, China, Venice, Washington, Central America
Two sources with direct knowledge of the tender told Reuters that the project reached a stalemate due to security concerns raised within the island nations over HMN Tech's bid. "The Chinese government has always encouraged Chinese companies to engage in foreign investment and cooperation according to market principles, international regulations and local laws." The three island nations involved in the project were represented on the bid assessment committee. The project was designed to connect to the HANTRU-1 undersea cable, a line primarily used by the U.S. government that connects to Guam. Nauru, which has strong ties to Australia and is a Pacific ally to Taiwan, initially raised concerns over the bid lodged by the Chinese company.
Persons: Mike Pompeo, Jonathan Ernst, HMN, Trump, there's, Jonathan Barrett, Yew, Simon Cameron, Moore Organizations: Pohnpei International, REUTERS, Bank, Reuters, Huawei Marine Networks, Technologies, Co, Alcatel Submarine Networks, Nokia, Japan’s NEC, East Micronesia Cable, Federated, HMN, Huawei, HMN Tech, Development, Asian Development Bank, World Bank, Hengtong, ASN, NEC, U.S . State Department, U.S ., Huawei Technologies, U.S . Commerce, The, Beijing, Thomson Locations: Pohnpei, Kolonia, States, Micronesia, Pacific, SYDNEY, BEIJING, Shanghai, Nauru, Kiribati, Federated States, Guam, U.S, Washington, China, United States, Guam . Washington, Australia, Taiwan
Malaysia's FGV to pick auditor to assess forced labour accusation
  + stars: | 2021-06-18 | by ( ) sentiment -1.00   time to read: +1 min
A general view of the FGV headquarters in Kuala Lumpur, Malaysia September 5, 2019. REUTERS/Lim Huey TengKUALA LUMPUR, June 18 (Reuters) - Malaysia's FGV Holdings Bhd (FGVH.KL) will appoint an independent auditor to assess its operations for signs of forced labour on the advice of U.S. Customs, the company told the stock exchange on Friday, with a report expected eight months later. In September, the U.S. Customs and Border Protection (CBP) banned imports from the world's largest producer of crude palm oil over accusations of forced labour. FGV has previously said it was disappointed by the U.S. accusation, despite its steps in past years to show commitment to human rights and upholding labour standards. U.S. Customs had said it would consider a petition to revoke the import ban if FGV could provide credible evidence that it did not use forced labour.
Persons: Lim Huey, FGV's, FGV, Liz Lee, Clarence Fernandez Organizations: REUTERS, FGV Holdings, . Customs, U.S . Customs, Border Protection, International Labour Organization, CBP, Thomson Locations: Kuala Lumpur, Malaysia, KUALA LUMPUR, U.S
Cathay Pacific expects lower first-half loss on cost savings, cargo flights
  + stars: | 2021-06-18 | by ( ) sentiment -0.99   time to read: 1 min
Cathay Pacific aircraft is seen at Hong Kong International Airport, China October 20, 2020. REUTERS/Lam Yik/File PhotoJune 18 (Reuters) - Cathay Pacific Airways Ltd (0293.HK) said on Friday that losses in the first half are expected to be "somewhat" lower than what was reported in both halves of last year, due to cost-saving measures and strong cargo performance. Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Amy Caren DanielOur Standards: The Thomson Reuters Trust Principles.
Persons: Lam, Nikhil Kurian, Amy Caren Daniel Organizations: Cathay, Hong Kong International Airport, REUTERS, Cathay Pacific Airways Ltd, HK, Thomson Locations: China, Bengaluru
S.Korea pledges $200 million to international COVID-19 vaccine effort
  + stars: | 2021-06-18 | by ( ) sentiment -0.98   time to read: +1 min
A woman wearing a mask amid the coronavirus disease (COVID-19) pandemic takes photographs of her boyfriend at a Han river park in Seoul, South Korea, May 24, 2021. REUTERS/Kim Hong-Ji/File PhotoSEOUL, June 18 (Reuters) - South Korea has pledged to donate a total of $200 million to the COVAX programme that is supplying coronavirus vaccines for lower-income countries, the Global Alliance for Vaccines and Immunization (GAVI) said on Friday. Leaders from the Group of Seven rich nations agreed over the weekend to pledge 870 million vaccine doses, with the aim of delivering at least half by the end of this year. WHO Director-General Tedros Adhanom Ghebreyesus welcomed this on Monday but said many more doses were needed and quickly. read moreReporting by Heekyong Yang Editing by Frances KerryOur Standards: The Thomson Reuters Trust Principles.
Persons: Kim Hong, COVAX, GAVI, Moon Jae, Tedros Adhanom Ghebreyesus, Heekyong Yang, Frances Kerry Organizations: REUTERS, Global Alliance, Vaccines, World Health Organization, WHO, South, Thomson Locations: Seoul, South Korea, SEOUL, Republic, Korea
Big Oil Takes a Beating, but Its Investors Are Riding High
  + stars: | 2021-06-18 | by ( Jeff Sommer | ) + 0.00   time to read: +3 min
Six of the 10 top performers in the S&P 500 this year are energy companies, led by Marathon Oil, which has nearly doubled in value in 2021 alone. Propelled by an increase in the price of oil, the stock returns for the big energy companies have been extraordinary, despite the public chastisement. At the same time, the oil supply has been limited by a decline in production during the recession, when people stopped driving and flying and major oil companies lost billions of dollars and began to retrench. OPEC Plus has already announced that its members are beginning to increase production a bit, which could keep prices from rising much further. The public pressure on big oil companies may be a harbinger of fossil fuel production declines.
Persons: , Ed Crooks, Wood Mackenzie, Crooks, Conoco Phillips Organizations: Marathon Oil, Exxon, Chevron, Shell, Brent, AAA, Organization of, Petroleum, OPEC, International Energy Agency, Companies, Eni, Total, BP, Carbon Locations: United States, Americas, Russia, Europe
A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. Officials from OPEC's Economic Commission Board (ECB) and external presenters attended a meeting on Tuesday focused on U.S. output, the sources said. While there was general agreement on limited U.S. supply growth this year, an industry source said for 2022 forecasts ranged from growth of 500,000 bpd to 1.3 million bpd. "Investment discipline and free cash flow for the investor," said one OPEC+ source on condition of anonymity, summarising one of the ECB meeting's talking points. OPEC producers were sent reeling by a 2014-2016 price slide and global glut caused partly by rising U.S. output.
Persons: Dado, Wood MacKenzie, Elaine Hardcastle Organizations: REUTERS, OPEC, OPEC's Economic, Board, ECB, International Energy Agency, Argus Media, U.S . Energy Information Administration, IHS, Energy Intelligence, Thomson Locations: OPEC, Saudi Arabia
The 4.3 MW "typhoon-class" turbines have been designed to cope with the "very high wind speeds" seen in Japan, Siemens Gamesa explained. The 339.7 megawatt Dohuku project will be located on the island of Hokkaido, Siemens Gamesa said in a statement Wednesday, and consist of four facilities set to be developed by Japan's Eurus Energy. Siemens Gamesa Renewable Energy is to supply 79 "typhoon-proof turbines" to a major onshore wind development in Japan, as the country attempts to reduce its reliance on fossil fuels and develop more renewable energy installations. Last October, Japan's Prime Minister, Yoshihide Suga, said the country would target net zero greenhouse gas emissions by the year 2050. This year has still seen a number of interesting renewable energy projects take shape in the country, however.
Persons: Siemens Gamesa, Yoshihide Suga Organizations: Siemens, Japan's Eurus Energy, Siemens Gamesa Renewable Energy, Japan's, Agency, Natural Resources, Energy, Japan, International Energy Agency, Mitsui Locations: Japan, Hokkaido, Scotland
A street sign is seen in front of the New York Stock Exchange on Wall Street in New York, February 10, 2009. The blue-chip Dow and the benchmark S&P 500 were set for their worst day in a month after Bullard, president of the St. Louis Federal Reserve, said he was among the seven officials who saw rate increases beginning next year to contain inflation. The CBOE volatility index (.VIX), Wall Street's fear gauge, spiked to 20.60 points, its highest level since May 21 following his comments. ET, the Dow Jones Industrial Average (.DJI) was down 371.35 points, or 1.10%, at 33,452.10 and the S&P 500 (.SPX) was down 31.41 points, or 0.74%, at 4,190.45. The S&P index recorded seven new 52-week highs and one new low, while the Nasdaq recorded 18 new highs and 23 new lows.
Persons: Eric Thayer, Dow, James Bullard, pare, Bullard, Sam Stovall, advancers, Sagarika, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Mitsubishi Bank, Dow, Nasdaq, Federal Reserve, Louis Federal Reserve, CFRA Research, Dow Jones, Transportation, International Inc, Mitsubishi HC Capital Inc, NYSE, Thomson Locations: New York, Bengaluru
Syria aid shifts to seeds, sheep and recovery - Red Cross Federation
  + stars: | 2021-06-18 | by ( Stephanie Nebehay | ) sentiment -1.00   time to read: +2 min
Jagan Chapagain, secretary-general of the International Federation of Red Cross and Red Crescent Societies (IFRC), said it was time to move beyond the straight humanitarian work of providing food and medicines, though that would continue. Local residents are building a 40-bed hospital and seeking donations of medical equipment including scanners rather than cash, he said. The Federation was working with the Syrian Arab Red Crescent (SARC), he added. In Deir Baalbah, a village in Homs, SARC and the Federation have provided seeds, sheep and life-changing equipment to 15 farming families, some 100 people, Chapagain said. "Just with a submersible water pump and solar panels these 15 families managed to turn their land into productive agricultural land.
Persons: Jagan Chapagain, Bashar al, Assad, Chapagain, Deir, Stephanie Nebehay, Andrew Heavens Organizations: Cross, International Federation of Red, Red Crescent Societies, Thomson Locations: GENEVA, Syria, Geneva, Homs, Douma, Assad, Syrian, Deir Baalbah, SARC
Miner Hochschild says 27 workers killed in Peru bus accident
  + stars: | 2021-06-18 | by ( ) sentiment -0.99   time to read: +1 min
LONDON, June 18 (Reuters) - Hochschild Mining (HOCM.L) said on Friday that 27 workers were killed while 13 more injured in a road accident in Peru involving a bus operated by one of the precious metals miner's contractors. The bus was transporting workers from Hochschild's Pallancata operation to the city of Arequipa in the south of Peru, the London-listed miner said. "We are all devastated by this news and we have already started a thorough investigation," said Chief Executive Officer Ignacio Bustamante. One employee died at Hochschild's Pallancata mine last year after rocks fell but no fatalities were registered in 2019, according to the miner's annual report. Reporting by Zandi Shabalala; Editing by Aurora EllisOur Standards: The Thomson Reuters Trust Principles.
Persons: Ignacio Bustamante, Zandi Shabalala, Aurora Ellis Organizations: Hochschild, International Council, Mining, Metals, Thomson Locations: Peru, Arequipa, London, Brazil
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