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During exercises in Europe this spring, US forces worked on new ways to get equipment and supplies troops in the field. Those new approaches are part of a broader effort to improve NATO's ability to reinforce and resupply units across Europe. In recent weeks, US troops on opposite sides of Europe have used new ways to get equipment and supplies to troops in forward locations, reflecting NATO's increased focus on mobility amid heightened tensions with Russia. USNS Bob Hope off the coast of Durres, Albania, before the theater opening exercise for Defender-Europe 21, April 26, 2021. US military vehicles in port at Durres, Albania, await deployment to troops for Defender-Europe 21, May 1, 2021.
Persons: Bob Hope, Elizabeth O, Bryson, Stephen Lyons, Lyons, Christopher Case, Dustin D, Tod Wolters, Andrew Waters, Wolters Organizations: US Army, Army National, Stryker Brigade, NATO, Army, Staff, US Military Sealift Command, US sealift, Defender, US Transportation Command, Military Sealift Command, Transportation Command, Hudson Institute, US, Spc, US Air Force, NATO's, Allied, US European Command, US Navy, Benavidez, Air, Atlantic Council Locations: Europe, Russia, Esbjerg, Denmark, Poland, Danish, Durres, Albania, Antwerp, Belgium, Crimea, NATO, Western Europe, Germany, Norfolk , Virginia, Ulm, Vella Gulf
This soaring inflation is a byproduct of the country's "exceptional" recovery, the bank said. Inflation in the US is handily outpacing that of other advanced economies, and it's probably thanks to the country's stellar recovery, JPMorgan economists said. va JPMorgan JPMorganThe latest inflation readings are unusually strong, but are likely a byproduct of the US' outperformance, the JPMorgan team led by Bruce Kasman said in a Friday note. "Although core inflation is tracking above the pre-pandemic pace elsewhere, the US has been exceptional for a number of reasons," the JPMorgan economists added. Trends in the US labor market also contributed to the country's strong recovery and faster inflation, the team added.
Persons: it's, Bruce Kasman, they're, Joe Biden Organizations: JPMorgan, US, Federal Reserve, JPMorgan JPMorgan, World Bank Locations: Western Europe
U.S. President Joe Biden and France's President Emmanuel Macron shake hands as they attend a bilateral meeting during the G7 summit in Carbis Bay, Cornwall, Britain, June 12, 2021. REUTERS/Kevin LamarqueThe United States is back as a cooperative leader of the free world under President Joe Biden, France's Emmanuel Macron said on Saturday, illustrating the relief felt by many key U.S. allies that the tumult of Donald Trump's presidency is over. Biden, asked by a reporter if America was back, turned to Macron and gestured with his Ray Ban Aviator sunglasses towards the French president that he should answer that question. "What you demonstrate is that leadership is partnership," Macron told Biden as they sat on an outdoor terrace with a sweeping view of the turquoise sea behind them. "The United States, I've said before, we're back," Biden said.
Persons: Joe Biden, Emmanuel Macron, Kevin Lamarque, France's Emmanuel Macron, Donald Trump's, Boris Johnson, Biden, Johnson, Biden's, Trump, Ray Ban, Macron, who’s, I've, we’re Organizations: REUTERS, British, Biden, Trump, NATO, European Union, Thomson Locations: Carbis Bay, Cornwall, Britain, United States, America, U.S, Western Europe
STOCKHOLM (Reuters) - Microsoft said on Thursday it was working with global TV manufacturers so that gamers can play Xbox games through internet-connected televisions without any extra hardware other than a controller. FILE PHOTO: Head of Microsoft Xbox Phil Spencer speaks during the Microsoft Xbox E3 2017 media briefing in Los Angeles, California, U.S., June 11, 2017. REUTERS/Kevork Djansezian/File PhotoXbox is also building its own streaming devices for cloud gaming to reach gamers on any TV or monitor without the need for a console. Cloud gaming through Xbox Game Pass Ultimate, available in dozens of countries, will be launched in Australia, Brazil, Mexico, and Japan later this year. Xbox plans to release at least one new, first party game into Game Pass every quarter, as more than 23 studios worldwide are creating games for the platform.
Persons: Phil Spencer, Kevork, Satya Nadella, , Organizations: Microsoft, REUTERS, Xbox, PlayStation, , Gaming Locations: STOCKHOLM, Los Angeles , California, U.S, Australia, Brazil, Mexico, Japan, North America, Western Europe
gives the pair an opportunity — and incentive — to work toward common ground as Johnson is eager for trade agreements. Johnson, until recently, was so unwaveringly close to Trump that it would seem hard for this not to color his relations with Biden. Back in 2019, after Johnson's Conservative Party won a majority in Parliament, Biden called the new British prime minister a "physical and emotional clone" of Trump. So Biden should be cultivating his relationship with Macron as carefully as the one with Johnson. These relationships across the ocean require constant reassurance, particularly in the wake of the four years of the Trump administration.
Persons: Joe Biden, Boris Johnson, he'll, Johnson, Donald Trump, Biden, Winston Churchill, Trump, Churchill, Downing, Barack Obama, Rupert Murdoch, Jake Sullivan, Antony Blinken's, Philip Stephens, Emmanuel Macron, Macron, Angela Merkel, Merkel, Donald Trump's Organizations: British, European Union, The, Johnson's Conservative Party, U.S, Britain's Guardian, Trump Oval Office, London, Sun, Britain, The Financial Times, Foreign Affairs Ministry, Macron's Initiative, Europe Locations: Cornwall, England, Trump, Soviet Europe, Western Europe, Britain, Downing, Kenyan, France, U.S, British, Europe, German, Germany
The vast majority of the victims were overseas when they came down with the unusual symptoms. U.S. diplomats and other government workers stationed in Havana reported feeling strange symptoms, many after hearing strange high- and low-pitched sounds and experiencing bizarre physical sensations. In an interview Tuesday, John Bolton, a former national security adviser in the Trump administration, said he had no doubt the people who reported symptoms were victims of an energy attack. Among the sponsors of the legislation are the Democratic and Republican co-chairs of the Senate Intelligence Committee, which has received classified briefings from administration officials about the ongoing threat. “There is no doubt that the victims who have suffered brain injuries must be provided with adequate care and compensation.
Persons: Biden, , Thomas Campbell, Joe Biden, Vladimir Putin, John Bolton, Trump, ” Bolton, MSNBC’s “ Andrea Mitchell, Sen, Marco Rubio, Jeanne Shaheen, I’ll Organizations: Defense Department, National Intelligence, CIA, U.S, Department of Defense, , Department, National Academies of Sciences, State Department, Democratic, Republican, Senate Intelligence Committee Locations: Havana, Washington, Cuba, China, Asia, Russia, Western Europe
Employees work at the Wellis hot tub factory, during the coronavirus disease (COVID-19) pandemic, in Dabas, Hungary, March 19, 2021. "Labour shortages and the very hot labour market despite the pandemic is already reflected in inflation, and in Poland it can be seen in the prices of services. Czech job vacancies, according to the labour office, have climbed since November and are near a pre-pandemic record. WAGES RISINGCompanies under pressure to find workers are raising wages further, after years of double-digit pay growth before COVID-19. "We try to adjust salaries to the labour market.
Persons: Bernadett Szabo, Jiri Rusnok, Andrzej Kaminski, Robert Keszte, Gabor Toldi, Tomas Ervin Dombrovsky, jobs.cz, Ryszard Florek, Florek Organizations: REUTERS, European Union, National Bank of, EU, Labour, Bank, LABOUR, Continental Automotive Hungary, Companies, Thomson Locations: Dabas, Hungary, Western Europe, Hungarian, Czech, Czech Republic, EU, Poland, National Bank of Hungary, Warsaw, Ukraine, Germany
Russia within 62 miles of finishing Nord Stream 2 gas pipeline -report
  + stars: | 2021-06-03 | by ( ) www.reuters.com sentiment -0.99   time to read: +1 min
A road sign directs traffic towards the Nord Stream 2 gas line landfall facility entrance in Lubmin, Germany, September 10, 2020. REUTERS/Hannibal HanschkeThe Nord Stream 2 gas pipeline under the Baltic Sea is almost complete with just 100 kilometres (62 miles) left to build, TASS news agency quoted Russian deputy prime minister Alexander Novak as saying on Thursday. "We hope that construction works on Nord Stream 2 will be completed by the end of this year," Novak told reporters of progress on the pipeline, which will allow Russia to ship more gas to Western Europe, while bypassing Ukraine. However, environmental group Deutsche Umwelthilfe said on Wednesday it had applied for Nord Stream 2's construction and operating permit to be revoked on climate protection grounds, based on a ruling by Germany's top constitutional court. The Nord Stream 2 project, led by Gazprom (GAZP.MM) with its Western partners, aims to deliver Russian gas to Germany, but has long been opposed by Washington which says it would dangerously increase Moscow’s regional clout.
Persons: Hannibal Hanschke, Alexander Novak, Novak, Deutsche Umwelthilfe Organizations: REUTERS, TASS, United, U.S . Congress, Kremlin, Deutsche, Nord, Gazprom, Thomson Locations: Lubmin, Germany, Baltic, Russia, Western Europe, Ukraine, United States, Washington, Moscow
COLUMN-Oil funds trim positions as prices approach post-pandemic high: Kemp
  + stars: | 2021-06-01 | by ( John Kemp | ) www.reuters.com sentiment -0.99   time to read: +2 min
Total sales over the last three weeks have amounted to 74 million barrels, partially reversing purchases of 102 million barrels over the previous four weeks. But the combined position across all six contracts has been basically stable in a range of 850 million barrels +/- 50 million barrels for 10 weeks since the middle of March (tmsnrt.rs/3yT0cH2). Portfolio managers are bullish on oil prices: the combined position is in 75th percentile for all weeks since the start of 2013. But positions are not stretched, indicating investors remain cautious, with potential for more buying if bullish signals become stronger. Related columns:- Oil prices lose momentum as funds cut positions (Reuters, May 24)- Oil prices capped by hedge fund profit-taking (Reuters, May 17)- U.S. petroleum stockpiles normalise after pandemic surge (Reuters, May 6) (Editing by David Clarke)
Persons: John Kemp, bullish, David Clarke Organizations: ICE, U.S ., Brent, Reuters Locations: Brent, U.S, NYMEX, North America, Western Europe
LONDON — As countries across Europe reopen after long Covid-19 lockdowns, movie theaters, pubs and restaurants are looking forward to getting back to business. Last week marked four years since an Islamist bomber killed 22 people outside the singer Ariana Grande’s concert in Manchester, England. Since the defeat of Islamic State forces in the Middle East, terrorist attacks across Western Europe have waned. “There’s a melding of different groups who are all uniting around this populist, anti-elite, conspiracy theory-inflected agenda,” he said. “Both conspiracy theories and populist politics share a framework: They divide society between these corrupt, sinister, controlling elites and a pure unknowing people.
Persons: ” Gilles de Kerchove, , Ariana Grande’s, Matt Twist, Dame, l'Assomption, Valery Hache, “ Twist, , Hollie Adams, David Lawrence, Samuel Paty, Prophet Mohammed, Anne, Christine Poujoulat, Lawrence Organizations: NBC, Islamic, London’s Metropolitan Police, United, Metropolitan Police’s, Notre, Getty, Metropolitan Police, Metropolitan, casework, , Police Locations: Europe, Manchester, England, Paris, Western Europe, London’s, Covid, Nice, AFP, London, Belgium, U.K, British
A sign advertising available positions outside The Salty Whale & Guesthouse in Manasquan, New Jersey, U.S., May 25, 2021. But a smaller pool of foreign workers due to the closure of international borders means hospitality staff are highly sought. With unemployment at 16%, the hospitality sector has not so far raised any concerns about a lack of staff. While still 13% below Memorial Day 2019, the weekend kicks off a summer that may look and feel increasingly normal. Ordinarily that would be music to the ears for Schlossbach in New Jersey, but she doesn't have the staff to keep up.
Persons: Joseph Ax, Marilyn Schlossbach, Schlossbach, Annastacia Palaszczuk, Clare Smyth, Vicki Clark, Clark, massages Organizations: REUTERS, U.S, Memorial, Queensland, Michelin, of Commerce, U.S . State Department, Asbury, Jersey, AAA, Transportation, Administration, Major League Baseball, Thomson Locations: Manasquan , New Jersey, U.S, New Jersey, Jersey, Queensland, Australia, Britain, Western Europe, North America, Europe, May County, Spain, Greece, Long, Pleasant Beach, Jersey Shore
Dublin-based Wayflyer has raised $76 million in Series A funding round from Left Lane Capital. CEO Aidan Corbett said the round follows "a period of very strong growth" through the pandemic. Irish venture capital disruptor Wayflyer has raised $76 million after the company maintained its growth through the pandemic. The Dublin-based startup, which provides flexible funding to ecommerce businesses, secured the new capital in a round led by New York-based investor Left Lane Capital. Dan Ahrens, partner at Left Lane Capital, said that Wayflyer had quickly become a key player in the e-commerce ecosystem.
Persons: Aidan Corbett, disruptor Wayflyer, Wayflyer, We've, Canada's Clearco, Corbett, hasn't, Guillaume Pousaz, Checkout.com, Dan Ahrens, " Ahrens Organizations: Left, Left Lane Capital, Revenue, DST, Left Lane Locations: Dublin, Left Lane, New York, Western Europe, Australia, Europe, Sydney, Atlanta, France, Germany, Suez
More airlines responded on Tuesday to the brazen decision over the weekend by Belarus’s president to force a commercial flight to land in an effort to arrest a dissident journalist. Fallout was swift as the country’s strongman president, Aleksandr G. Lukashenko, drew reprimands and flight bans from countries and airlines around the world. Here’s the latest response from airlines on Tuesday:Air France and KLM later said they too would suspend flights going through Belarus airspace, Reuters reported. Though not a major European hub, Belarus’s capital, Minsk, is served by several international airlines, including Lufthansa, Austrian Airlines and Turkish Airlines. U.S. airlines like American Airlines, Delta Air Lines and United Airlines offer flights to Minsk through partnerships with European carriers and Belavia, the Belarusian airline.
Persons: Aleksandr G, Lukashenko, Finnair, ” Tal Muscal Organizations: European Union, Air France, KLM, Reuters, Finnish, Twitter, Lufthansa, Austrian Airlines, Turkish Airlines, Turkish Airlines . U.S, American Airlines, Delta Air Lines, United Airlines Locations: Belarus, Britain, Western Europe, European, Minsk, Turkish Airlines ., Belarusian
French refurbished goods marketplace startup Back Market has raised $335 million. The round was led by General Atlantic with participation from Generation Investment Management. Refurbished electronics marketplace Back Market has raised $335 million in fresh funding. Back Market itself estimates the market for refurbished electronics to be $80 billion annually. The startup's latest mega round was led by General Atlantic with the support of Generation Investment Management, as well as existing investors.
Persons: Goldman Sachs, We've, Thibaud, Larauze, Chris Caulkin, Edelman Organizations: General Atlantic, Generation Investment Management, Aglaé Ventures, Groupe Arnault, Back Market, EMEA Locations: Portugal, Japan, Western Europe, Finland, Ireland, Greece, Sweden, Slovakia, Canada, France
Producing electric cars will cost the same as combustion vehicles by 2026, according to Bloomberg NEF. The price of a small electric car could be around $14,700 by that year. In addition to this, the development of vehicle platforms specifically designed for electric vehicles will also lead to a dip, according to the report. Nordic countries could reach 100% of annual purely electric car sales by 2030. Bloomberg's study also gave the current market share of electric vehicles, which ranges from 76.4% in Norway to 4.2% in Italy.
Persons: Bloomberg NEF, , Environment Julia Poliscanova Organizations: Bloomberg, EV, Toyota Investment, UBS, Guardian, Ireland —, Nordic, Transport, Environment, Volvo, European Union Locations: Europe, Norway, Italy, China, Western Europe, France, Germany, Belgium, Switzerland, Austria, United Kingdom, Spain, Portugal, Iberdrola, Enel, Sweden, European
UniCredit boss Orcel swings axe in management overhaul
  + stars: | 2021-05-12 | by ( Valentina Za | ) www.reuters.com + 0.00   time to read: +3 min
MILAN (Reuters) -UniCredit’s new chief executive is wielding the axe in a management shake-up to simplify decision-making and boost the Italian bank’s digital push. Under the new layout a 15-member group executive committee will replaces the current executive management committee comprising 27 people. “I have spent the last few weeks speaking and listening to our people,” Orcel said in a message to staff. Orcel, who will unveil a new business plan later this year, has said technology will be crucial to his strategic moves. Stefano Porro and TJ Lim retain their current roles as, respectively, chief financial officer and chief risk officer, as does Richard Burton, the head of commercial investment banking.
Persons: Stefano Rellandini Andrea Orcel, Jean Pierre Mustier, , ” Orcel, Mustier, dealmaker, Fiona Melrose, UniCredit, Pang, Orcel, Niccolo Ubertalli, Gianfranco Bisagni, Ubertalli, Michael Diederich, Bisagni, Teodora Petkova, Stefano Porro, TJ Lim, Richard Burton, Ranieri de Marchis Organizations: MILAN, REUTERS, UBS, Finance, Ping Locations: Siena, Italy, Western Europe, Eastern Europe, Germany, Central Europe, Bulgarian
Orcel wields axe at Italy's UniCredit in opening act as CEO
  + stars: | 2021-05-12 | by ( Valentina Za | ) www.reuters.com + 0.00   time to read: +4 min
In a break with his predecessor, Orcel said last week he could consider mergers and acquisitions to drive revenue and profit growth. "I promised you a less complex, simplified organisation," Orcel said ahead of unveiling a new business plan later this year. UniCredit will appoint Niccolo Ubertalli as head of Italian operations, having previously been in charge of Eastern Europe together with Gianfranco Bisagni. Like the heads for Germany, Central Europe and Eastern Europe, Ubertalli will now report directly to Orcel in a move that UniCredit said reflected Italy's "critical importance". Stefano Porro and TJ Lim retain their current roles as, respectively, chief financial officer and chief risk officer, as does Richard Burton head of commercial investment banking.
Persons: Andrea Orcel, Merrill Lynch dealmaker, Jean Pierre Mustier, Orcel, UniCredit, Merrill Lynch, Jingle Pang, Fiona Melrose, Joanna Carss, Merrill, Alessandro Zattoni, Niccolo Ubertalli, Gianfranco Bisagni, Ubertalli, Mustier, Michael Diederich, Bisagni, Teodora Petkova, Stefano Porro, TJ Lim, Richard Burton, Ranieri de Marchis Organizations: UBS, Spanish, Santander, UniCredit, Ping, Finance, Corporate Governance Society, Thomson Locations: Western Europe, Italian, Eastern Europe, Germany, Central Europe, Bulgarian
French car parts distributor PHE plans $546 mln listing in Paris
  + stars: | 2021-05-11 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
May 11 (Reuters) - Auto spare parts distributor Parts Holding Europe (PHE) said on Tuesday it was planning a 450 million euros ($546.21 million) initial public offering (IPO) on Euronext Paris to pay down its debt. The owner of Autodistribution and Oscaro e-commerce brands, operating in Western Europe, said the French financial markets authority has approved its registration document, a first step for its stock market listing in Paris. PHE, also known as Autodis, had suspended its IPO plans in 2018 due to a "cautious" market environment. (reut.rs/2Q6n3xc)The company said on Tuesday it was targeting revenues between 1.85 billion euros and 1.95 billion euros this year. ($1 = 0.8239 euros) (Reporting by Yadarisa Shabong in Bengaluru; Editing by Rashmi Aich)
Persons: Yadarisa, Rashmi Aich Organizations: Auto, Holding, Paris Locations: Western Europe, Paris, Bengaluru
REFILE-French car parts distributor PHE plans $546 mln listing in Paris
  + stars: | 2021-05-11 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
(Corrects to clarify company descriptor in paragraph 2)May 11 (Reuters) - Auto spare parts distributor Parts Holding Europe (PHE) said on Tuesday it was planning a 450 million euros ($546.21 million) initial public offering (IPO) on Euronext Paris to pay down its debt. The owner of Autodistribution and e-commerce brand Oscaro, operating in Western Europe, said the French financial markets authority has approved its registration document, a first step for its stock market listing in Paris. PHE, also known as Autodis, had suspended its IPO plans in 2018 due to a "cautious" market environment. (reut.rs/2Q6n3xc)The company said on Tuesday it was targeting revenues between 1.85 billion euros and 1.95 billion euros this year. ($1 = 0.8239 euros) (Reporting by Yadarisa Shabong in Bengaluru; Editing by Rashmi Aich)
Persons: Yadarisa, Rashmi Aich Organizations: Auto, Holding, Paris Locations: Western Europe, Paris, Bengaluru
Live Covid-19 Live Updates: As Deaths Fall in the West, the Virus Spreads in Southeast Asia New infections and deaths are rising in Cambodia, Malaysia, Thailand and elsewhere in the region. In India, dozens of bodies have washed up on the banks of the Ganges River. As the virus threatens Southeast Asia, the spread of new variants continues to be a danger everywhere. A cremation ground for Covid-19 victims along the banks of the Ganges River, in Garhmukteshwar, India, this month. As Covid-19 deaths have overwhelmed funeral grounds, some crematories are charging five or 10 times the usual price for last rites.
Persons: Rungroj Yongrit, Tedros Adhanom Ghebreyesus, Tedros, , Robert Schooley, , Schooley, Saskia Popescu, it’s, Archana Thiyagarajan, India’s, Witnesses, “ I’ve, Arun Kumar Srivastava, Dr, Srivastava, Kishan Dutt Mishra, Mishra, Jeffrey Gettleman, Sanford Health, What’s Organizations: World Health Organization, Malaysia, and Drug Administration, Pfizer, University of California, George Mason University, Agence France, Covid Locations: West, Asia, Cambodia, Malaysia, Thailand, India, Bangkok, Southeast Asia, Britain, United States, Brazil, Western Europe, University of California San Diego, Garhmukteshwar, Bihar, Uttar Pradesh, Chausa, Buxar
Roblox Sales Surge as Users Flock to Videogame Platform
  + stars: | 2021-05-10 | by ( Sarah E. Needleman | ) www.wsj.com sentiment -0.89   time to read: +1 min
Roblox Corp.’s first-quarter revenue more than doubled as the videogame company continued to benefit from pandemic-fueled demand for at-home social entertainment. Roblox said Monday that the results reflect strong engagement among users, most of whom are under the age of 13. It is working to attract users of older demographics and expand geographically in regions such as Western Europe and East Asia. Roblox is attracting more users to its platform, with the number of average daily users at 42.1 million in the quarter, up 79% from last year, driven by growth outside of its core market of the U.S. and Canada. Average bookings per daily user, which represents the amount of Robux purchased, rose 46% to $15.48.
Persons: Roblox Organizations: Roblox Corp Locations: Western Europe, East Asia, Canada
Low carbon world needs $1.7 trillion in mining investment
  + stars: | 2021-05-10 | by ( Pratima Desai | ) www.reuters.com + 0.00   time to read: +2 min
REUTERS/Jonny Hogg/File PhotoMining companies need to invest nearly $1.7 trillion in the next 15 years to help supply enough copper, cobalt, nickel and other metals needed for the shift to a low carbon world, according to consultancy Wood Mackenzie. They also need to please investors, who are unlikely to want to see dividends diverted to capital spending. Rising demands of investors related environment, social and governance (ESG) issues further add to the challenge. "Given the need to meet tough decarbonisation and ESG targets, Western governments, lenders, investors and consumers will need to get comfortable operating in jurisdictions where ESG issues are more complex," Kettle said. Kettle said government support was needed to help miners comply with ESG issues to ensure production from high-risk areas was conducted in an acceptable way to consumers.
Persons: Jonny Hogg, Wood Mackenzie, Joe Biden, Julian Kettle, Kettle Organizations: REUTERS, The, U.S, Mining, Democratic, . Geological Survey, Thomson Locations: Congolese, Katanga, The United States, Britain, Japan, Canada, Australia, Western Europe, Democratic Republic of Congo
Historically tight ocean freight and equipment shortages are hindering home goods retailers. Wayfair has built up its team to streamline ocean freight operations from Asia to North America. With everyone competing for containers and space on the water, Wayfair is scaling up its hands-on management of ocean freight. The effort to find greater efficiencies in ocean freight was part of Wayfair leadership's plans early in the company's history, but it didn't start in earnest until 2018. Wayfair cofounder Steve Conine said Thursday that by working with Wayfair at the point of origin, suppliers can avoid five to 10 supply chain middlemen.
Persons: Count Wayfair, Wayfair, Niraj Shah, Shah, Wayfair leadership's, Lloyd, Steve Conine, Jeffries Organizations: Factories, Hapag, Service Locations: Asia, North America, Boston, North American, Western Europe, Wayfair
As the US exits Afghanistan after 20 years, it is leaving behind a flourishing, violent trade in heroin and, increasingly, crystal meth. One in five Afghans are either involved in the drug trade, or addicted to drugs. Afghanistan's drug trade generates an estimated $35 million a month for the Taliban and drug gangs. Meanwhile, one in five Afghans are either involved in the drug trade or are addicts. "So long as this war continues, the drug trade will continue to grow bigger and bigger.
Persons: it's, Meth, isn't, , David Mansfield, Aref, It's, Shakib Ahmad, Ahmad, Queen Gowharshad, Abdul Zaher Attaie, Ali Latifi, he's, Omar, I've Organizations: Afghan National Security Forces, Afghan Ministry of, European Monitoring Centre, Drugs, WHO, Sedaqat Locations: Afghanistan, Herat, U.S, Herat city, Ghorian district, Iran, Sinica, Ephedra Sinica, Turkey, Europe, Southeast Asia, Mexico, United States, Western Europe, Ephedra, Tehran, Kabul, Eastern, Nangarhar, Farah, Nimroz, Helmand, Kandahar, Afghanistan's, Syria, Injil, Karokh, Shindand, piran
An Estée Lauder cosmetics counter is seen in Los Angeles, California, U.S., August 19, 2019. Sales of cosmetics and makeup products have taken a hit during the COVID-19 pandemic as shoppers stay at home, pressuring Estee Lauder's M.A.C and Bobbi Brown brands. Sales at Estee Lauder's skin care segment jumped 31%, while sales at its makeup segment fell 11%. Estee Lauder has been doubling down on its investments in skincare fueled by a pandemic-led shift from makeup to self-care and the company remains optimistic about a rebound in makeup demand. Rival L'Oreal said last month it was seeing signs of a comeback in makeup sales.
Persons: Lauder, Lucy Nicholson Estee Lauder, Estee Lauder's M.A.C, Bobbi Brown, Refinitiv, Jefferies, Stephanie Wissink, Estee Lauder, Fabrizio Freda Organizations: REUTERS, Lucy Nicholson Estee Lauder Cos Inc, L'Oreal, Thomson Locations: Los Angeles , California, U.S, Western Europe, United Kingdom, Spain, Australia, China, Israel
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