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☆ China hopes India can meet it halfway in media row
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +2 min

"In recent years, Chinese journalists in India have been accorded unfair and discriminatory arrangements," Chinese foreign ministry spokesperson Wang Wenbin told a Monday briefing. "We hope that India will continue to issue visas for Chinese journalists and remove the unreasonable restrictions and create favourable conditions for media exchanges." China has declined to renew the visas of the last two Indian journalists based there, citing India taking similar action this month against the two remaining Chinese state media journalists in India. "China is ready to act on the principles of mutual respect, equality and mutual benefit to keep in communications with the Indian side, and we hope that India will meet China halfway." India's foreign ministry said this month it hoped China would allow Indian journalists to work in China, adding that India allowed all foreign journalists to operate there.

Persons: Wang Wenbin, Wang, Andrew Hayley, Laurie Chen, Bernard Orr, Philippa Fletcher, Robert Birsel Organizations: Hindustan Times, Press Trust of India, China, Thomson Locations: BEIJING, China, India, Indian

A trial in the copyright infringement case had been set to begin on Monday. YouTube and Schneider agreed to end the case with prejudice, which means it cannot be refiled. YouTube denied the allegations and said it goes "above and beyond" to protect copyrights. In a win for YouTube, U.S. District Judge James Donato last month refused to certify the lawsuit as a class action. The case is Schneider v. YouTube LLC, U.S. District Court for the Northern District of California, No.

Persons: Maria Schneider, Schneider's, Schneider, District Judge James Donato, Joshua Schiller, Philip Korologos, Boies Schiller, George Zelcs, Stephen Tillery, David Kramer, Wilson Sonsini Goodrich, Rosati Read, Blake Brittain Organizations: YouTube, Schneider's San, District, Northern, Northern District of, Thomson Locations: Schneider's San Francisco, infringers, U.S, Northern District, Northern District of California, Washington

☆ London crypto move is a sign of desperate times
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +2 min

NEW YORK/LONDON, June 12 (Reuters Breakingviews) - UK Prime Minister Rishi Sunak is eager to bring some Silicon Valley glitz to London. Now venture capital investor Andreessen Horowitz is setting up its first non-US office in the British capital, to focus on blockchain and cryptocurrencies. The then-finance minister in 2021 declared as “fantastic” the decision by Deliveroo (ROO.L) to list its shares in London. Despite Sunak’s call for the UK to “embrace new innovations” like the blockchain, Britain’s appetite for crypto remains uncertain. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Rishi Sunak, Andreessen Horowitz, Binance, Sunak, Deliveroo, “ gosh, Bobby Kotick, Anita Ramaswamy, Karen Kwok, Stellantis, Peter Thal Larsen, Streisand Neto Organizations: Reuters, U.S . Securities, Exchange Commission, Coinbase, Stanford University, Chips, Activision Blizzard, Twitter, Brookfield, Thomson Locations: London, U.S, Teck, China

The decision is likely to force companies to toe a more careful line when making commercial products that mimic other brands for the sake of parody, legal experts said. The Rogers test is "not appropriate when the accused infringer has used a trademark to designate the source of its own goods - in other words, has used a trademark as a trademark," Justice Elena Kagan wrote. Other experts said the decision leaves space for the First Amendment to apply to parody products. "The likelihood of confusion analysis will still take the challenged product's funny message into account," Brannen said. (This story has been refiled to change dateline to June 12)Reporting by Blake Brittain in WashingtonOur Standards: The Thomson Reuters Trust Principles.

Persons: Brown, Forman, Jack Daniel's, Rogers, infringer, Elena Kagan, Kagan, Megan Bannigan, Plimpton, Bannigan, VIP, Doug Masters, Loeb & Loeb, Masters, Alexandra Roberts, Roberts, Elizabeth Brannen, Maher, Brannen, Blake Brittain Organizations: U.S, Supreme Court, Constitution, VIP Products, MCA Records, Mattel, Debevoise, Loeb &, Northeastern University, Stris, Thomson Locations: Danish, Washington

☆ 'Kimberly Akimbo,' Tom Stoppard’s 'Leopoldstadt' among winners on writerless Tony night
▼ + stars: | 2023-06-12 | by ( Kathryn Lurie | ) www.reuters.com time to read: +3 min

[1/5] The cast of “Kimberly Akimbo” perform at the 76th Annual Tony Awards in New York City, U.S., June 11, 2023. REUTERS/Brendan McdermidJune 11 - “Kimberly Akimbo,” about a teenager who ages in reverse, and Tom Stoppard’s autobiographical “Leopoldstadt” were among the winners Sunday as the Tony Awards went on despite the Writers Guild of America strike. The three-hour telecast on CBS was hosted by Tony- and Academy Award-winner Ariana DeBose. Patrick Marber, who won best director of a play for “Leopoldstadt,” was among several winners who used their acceptance speeches to express support for the strike. The pre-show included the award for best regional theater, which went to the Pasadena Playhouse, and the Isabelle Stevenson Award, which went to director and choreographer Jerry Mitchell.

Persons: “ Kimberly Akimbo ”, Tony, Brendan Mcdermid, “ Kimberly Akimbo, Tom, Tony Awards, Ariana DeBose, Joel Grey, John Kander, Patrick Marber, “, ”, Marber, I’m, ” “ Kimberly Akimbo ”, Victoria Clark, ” Clark, Sean Hayes, Oscar Levant, Oscar, ” J, Harrison, Alex Newell, Newell, Lulu, Jodie Comer, Tessa, “ Prima, ” Michael Arden, Julianne Hough, Skyler Astin, Tonys, Isabelle Stevenson, Jerry Mitchell, Kathryn Lurie, Donna Bryson, Gerry Doyle Organizations: REUTERS, Writers Guild of America, CBS, Pasadena Playhouse, Thomson Locations: New York City, U.S, Washington Heights, Manhattan, York , New York, Piazza, London, “, “ Shucked

☆ OPEC+ working against 'uncertainities and sentiment,' Saudi energy minister says
▼ + stars: | 2023-06-11 | by ( ) www.reuters.com time to read: 1 min

RIYADH, June 11 (Reuters) - Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman said on Sunday that the latest OPEC+ agreement involved comprehensive reform, but that the alliance was also working against "uncertainities and sentiment" within the market. "That is why we had this agreement," Prince Abdulaziz said at the Arab-China business conference in the Saudi capital Riyadh, when asked what was necessary to achieve market stability. "But also we are working against something called uncertainties and sentiments," he said. (This story has been refiled to fix the spelling of the minister's name in paragraph 1)Reporting by Aziz El Yaakoubi and Maha El Dahan; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Prince Abdulaziz bin Salman, Prince Abdulaziz, Aziz El Yaakoubi, El, Alex Richardson Organizations: Saudi Arabia's Energy, Thomson Locations: RIYADH, China, Saudi, Riyadh

☆ Watched by IMF, Pakistan to present budget amid economic, political crises
▼ + stars: | 2023-06-09 | by ( ) www.reuters.com time to read: +3 min

[1/4] A labourer waits for work while sitting beside push trollies outside a market in Karachi, Pakistan June 8, 2023. Against the backcloth of this political drama, Finance Minister Ishaq Dar is set to deliver his budget speech to parliament after 4:00 pm (1100 GMT) on Friday. Some budget figures were announced earlier this week, including development spending of 1,150 billion Pakistani rupees ($4 billion), and an economic growth target of 3.5% for the coming fiscal year. On Thursday, the International Monetary Fund said that it has been discussing the budget with Pakistan. Pakistan missed almost all of its economic targets set in the last budget, most notably its growth target, which was initially set at 5%, revised down to 2% earlier this year.

Persons: Akhtar Soomro, Shehbaz, Imran Khan, Ishaq Dar, Esther Perez Ruiz, Khan, Gibran Peshimam, Simon Cameron, Moore Organizations: REUTERS, IMF, Reuters, International Monetary Fund, Pakistan, Thomson Locations: Karachi, Pakistan, Akhtar Soomro ISLAMABAD

On Thursday, the U.S. National Oceanic and Atmospheric Administration (NOAA) declared that an El Nino is now underway. The last time a strong El Nino was in full swing, in 2016, the world saw its hottest year on record. Meteorologists expect that this El Nino, coupled with excess warming from climate change, will see the world grapple with record-high temperatures. Here is how El Nino will unfold and some of the weather we might expect:WHAT CAUSES AN EL NINO? Historically, both El Nino and La Nina have occurred about every two to seven years on average, with El Nino lasting 9 to 12 months.

Persons: El Nino, Michelle L'Heureux, El, Tom DiLiberto, DiLiberto, La Nina, Nina, Gloria Dickie, Angus MacSwan Organizations: El Nino, U.S . National Oceanic, Atmospheric Administration, NOAA, El, Graphics, el nino, NINO, U.S . West, Nino, La, El Ninos, Thomson Locations: Americas, El, Pacific, Peru, Philippines, United States, Canada, Central, South America, Australia, of Africa, Eastern Pacific, El Nino, London

The draft plan, which was presented at Kishida's top economic advisory panel on Wednesday, underscored the challenge for the leader, who is seen as a fiscal hawk, to strike a balance between economic growth and fiscal consolidation. The closely-watched policy framework will be approved by Kishida's cabinet this month, along with a separate action plan on his "new capitalism" agenda. "We will not abandon the flag of fiscal reform," Economy Minister Shigeyuki Goto told reporters after the panel's meeting. "There's no change to the government stance of striving to achieve a primary budget surplus in fiscal 2025," Goto added. The framework said the government will conduct a review of any progress of its fiscal reform in the fiscal year 2024 so as to create a medium-term economy and fiscal scheme.

Persons: Fumio Kishida's, Takahide Kiuchi, Shigeyuki Goto, Goto, largesse, Kishida Organizations: Nomura Research Institute, Liberal Democratic Party, LDP ₎, International Monetary Fund, Bank of Japan, Thomson Locations: TOKYO, Japan

☆ Australia security pact 'stigma' must be removed -Vanuatu PM
▼ + stars: | 2023-06-07 | by ( Kirsty Needham | ) www.reuters.com time to read: +2 min

SYDNEY, June 7 (Reuters) - Vanuatu Prime Minister Ishmael Kalsakau said his government "must remove the stigma" from a security agreement with Australia and work toward having it ratified by parliament, local media reported on Wednesday. The Pacific Islands nation signed a security treaty covering disaster relief, defence, policing and cyber security with Australia in December, but during a visit by Australia Defence Minister Richard Marles on Tuesday, Vanuatu officials said the document was still being examined. Some Vanuatu politicians who favour ties with China, a major infrastructure lender, have expressed concern over the deal. "We must remove the stigma that the agreement is one-sided and does not reflect Vanuatu’s sovereignty," Kalsakau said in a speech, the Vanuatu Daily Post reported on Wednesday. China's navy sent a ship with humanitarian supplies to Vanuatu in April after two cyclones hit in March.

Persons: Ishmael Kalsakau, Richard Marles, Kalsakau, Kirsty Needham, Editng, Gerry Doyle Organizations: SYDNEY, Vanuatu, Australia, Australia Defence, Vanuatu Daily Post, Australian Defence Force, HMAS Canberra, Thomson Locations: Australia, China, Vanuatu, Washington, United States, Papua New Guinea

☆ Indian wrestlers suspend protest after promise of swift probe of federation chief
▼ + stars: | 2023-06-07 | by ( Rupam Jain | ) www.reuters.com time to read: +3 min

NEW DELHI, June 7 (Reuters) - India's top wrestlers said they had decided to suspend protests on Wednesday after the country's sports minister promised a swift probe of their federation chief who they accused six months ago of sexually harassing female athletes. The wrestlers have been camping in New Delhi for months seeking the arrest of Wrestling Federation of India (WFI) President Brij Bhushan Sharan Singh, who has denied the allegations. Singh, a six-time member of parliament, has been accused of sexually assaulting seven female athletes, including a minor. His lawyer rejected all the allegations levelled by the wrestlers and said Singh was cooperating with the police in the probe. It has also threatened to suspend WFI if it fails to hold a fresh election this month.

Persons: Brij Bhushan Sharan Singh, Singh, Narendra Modi's, Bajrang Punia, Anurag Thakur, Punia, Sakshi Malik, Vinesh Phogat, . Sports Minister Thakur, Joanna Maranhao, Sakshi Dayal, Hritika Sharma, Bill Berkrot, Raju Gopalakrishnan Organizations: Wrestling Federation of India, Narendra Modi's Bharatiya Janata Party, BJP, Sports, Tokyo, . Sports Minister, Rights Alliance, International Olympic Committee, IOC, Thomson Locations: DELHI, New Delhi, Asian

LONDON, June 6 (Reuters) - Nestle (NESN.S) is piloting a scheme to give cash to coffee farmers who grow beans sustainably as part of its plan to halve greenhouse gas emissions in its coffee business by 2030, the food company said on Tuesday. The move comes as major consumer goods companies face increased reputational and legal pressure to clean up their supply chains globally. Nestle, the world's largest packaged food company has pledged to spend $1 billion by 2030 on its plan to source coffee sustainably, which now includes efforts to boost farmer income. The company said it has, under the plan, offered some 3,000 coffee farmers in developing countries like Ivory Coast, Indonesia and Mexico conditional cash incentives to encourage them to transition to regenerative agricultural practices. These include using organic fertilisers to improve soil fertility, planting shade trees that protect coffee beans and intercropping to preserve biodiversity.

Persons: Maytaal Angel, Bernadette Baum Organizations: Nestle, Rainforest Alliance, European Union, Fairtrade, Technoserve, Thomson Locations: Ivory Coast, Indonesia, Mexico

☆ GSK's cancer drug Jemperli gets file acceptance from US FDA
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: 1 min

[1/2] GSK (GlaxoSmithKline) logo is seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/IllustrationCompanies GSK plc FollowJune 6 (Reuters) - GSK (GSK.L) said on Tuesday that the U.S. Food and Drug Administration had granted file acceptance for its cancer drug, Jemperli, when combined with chemotherapy to treat adult patients with certain types of endometrial cancer. (The story has been refiled to change the image)Reporting by Radhika Anilkumar in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Radhika Anilkumar, Savio D'Souza Organizations: GSK, GlaxoSmithKline, REUTERS, U.S . Food, Drug Administration, Thomson Locations: U.S, Bengaluru

ACCRA/LONDON, June 6 (Reuters) - Ghana has sent a debt restructuring proposal to its official creditors, two sources with direct knowledge of the matter said, as the West African country battles to escape its worst economic crisis in a generation. Ghana intends to finish restructuring its domestic debt before turning to negotiations with its official, bilateral creditors and international bondholders, a government official said. The total external debt stock was about $30 billion. Ghana completed a domestic debt exchange with 65% of holders of local bonds in February and is also seeking relief on the bulk of the remainder of its domestic debt, including deals with pension funds, labour unions and independent power producers. It is restructuring its debt under the Common Framework process, set up by the G20 in 2020 to bring China and other newer creditor nations into joint sovereign debt restructuring negotiations, for its external debt rework.

Persons: Maxwell Akalaare Adombila, Rachel Savage, Karin Strohecker, Nick Macfie Organizations: International Monetary Fund, Paris Club, Thomson Locations: ACCRA, LONDON, Ghana, West, China, Rosario

The judge asked for weekly updates, and said he would reschedule the trial if an agreement is not reached within 21 days. 3M spokesperson Sean Lynch said in a statement the parties are "making material and significant progress toward a resolution of this matter." [1/2] The 3M Global Headquarters in Maplewood, Minnesota, U.S. is photographed on March 4, 2020. It has said in court documents that PFAS have not been linked with health problems at the levels being discovered in drinking water. Bloomberg News reported last Friday that 3M had struck a tentative $10 billion deal with U.S. cities and towns to resolve the PFAS water pollution lawsuits it is facing.

Persons: Stuart, Richard Gergel, Paul Napoli, Sean Lynch, Nicholas Pfosi, Maria Ponnezhath, Clark Mindock, Juby Babu, Akanksha Khushi, Aishwarya Nair, Kim Coghill, Sonali Paul, Sriraj, Devika Syamnath, Alexia Garamfalvi, Marguerita Choy Organizations: 3M, District, Napoli, 3M Global, REUTERS, Bloomberg News, Environmental Protection Agency, DuPont de Nemours Inc, Corteva Inc, Thomson Locations: U.S, Florida, Charleston , South Carolina, South Carolina, Stuart , Florida, Maplewood , Minnesota, Bengaluru, New York

The pessimistic outlook for exports suggests that Chinese exporters have caught up on unfulfilled orders after last year's COVID-19 disruptions and global demand is insufficient to sustain a recovery in outbound shipments. The official PMI sub indexes for May showed factory output swung to contraction from expansion while new orders, including new exports, fell for a second month. South Korean shipments to China, a leading indicator of China's imports, slid 20.8% in May, marking the 12th straight annual loss, but the pace eased to the slowest seen in seven months. China's economy grew faster than expected in the first quarter due to robust services consumption, but factory output has continued to lag amid persistent weak global growth. Polling by Devayani Sathyan and Sujith Pai; Reporting by Joe Cash; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

Persons: Devayani Sathyan, Sujith Pai, Joe Cash, Jacqueline Wong Organizations: PMI, Nomura, Barclays, Thomson Locations: BEIJING, Shanghai, China

☆ Exclusive: Olympics-IBA says has met reform criteria, accuses IOC of intransigence
▼ + stars: | 2023-06-05 | by ( Karolos Grohmann | ) www.reuters.com time to read: +5 min

PARIS, June 5 (Reuters) - With boxing teetering on the brink of Olympic elimination, the International Boxing Association (IBA) told the International Olympic Committee it had met its reform criteria and any ban lacked legal basis. "IBA did its best to eliminate IOC’s concern on IBA’s different areas of work and to improve them, such as finances, governance and sports integrity," the IBA report said. "It is necessary to remind that CK Wu at that time was an IOC member, and it is completely wrong that IBA bears full responsibility for the wrongdoings of the IOC member," the IBA said. "The IOC surpassed IBA completely and contacted the officials without prior agreement of data sharing between the two entities." "Withdrawal of the IBA’s full recognition by the IOC will be not justified, fair and legally correct decision," it said.

Persons: Umar Kremlev, CK Wu, Karolos, Christian Radnedge Organizations: International Boxing Association, International Olympic, IOC, Reuters, IBA, Paris, Gazprom, International Federation, Olympic Games, Thomson Locations: Los, India, Ukraine, Paris

☆ OpenAI mulling Israel investment opportunities, Microsoft says
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: 1 min

JERUSALEM, June 5 (Reuters) - OpenAI is considering investment opportunities in Israel, Microsoft Israel R&D center quoted the company's CEO, Sam Altman, as saying during a visit to the country on Monday. Microsoft, an OpenAI backer, hosted Altman at its Israel headquarters. (This story has been refiled to add a more specific attribution from Microsoft in paragraph 1)Writing by Dan Williams, Editing by Ari RabinovitchOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Altman, Altman, Dan Williams, Ari Rabinovitch Organizations: Microsoft, Thomson Locations: Israel

☆ NWSL's new Bay FC hope to ride World Cup wave of excitement
▼ + stars: | 2023-06-04 | by ( Nathan Frandino | ) www.reuters.com time to read: +2 min

SAN FRANCISCO, June 3 (Reuters) - The founders behind the new National Women's Soccer League (NWSL) expansion team in California's San Francisco Bay Area believe this year's Women's World Cup will only add to their momentum as they kick off their inaugural season next year. Some of us are going to be calling the World Cup, so to see Bay FC involved in the World Cup and vice versa, it's only going to help build the momentum." Chastain's role at the World Cup is among the most iconic for the U.S. She scored the deciding penalty in 1999, sealing the win against China at the Rose Bowl stadium in Pasadena. Chastain said that holding onto the World Cup excitement this year and bringing it to their games next year will be about making fans feel valued as part of the team. Roughly a third of the U.S.-based league's players are expected to feature, NWSL commissioner Jessica Berman said this week.

Persons: Brandi Chastain, Leslie Osborne, Danielle Slaton, Aly Wagner, Osborne, it's, Chastain, " Chastain, Jessica Berman, Sheryl Sandberg, Tom Bernthal, Rory Carroll, Daniel Wallis Organizations: FRANCISCO, National Women's Soccer League, California's San Francisco Bay Area, FC, U.S, China, Rose, Energy, Thomson Locations: California's San Francisco Bay, U.S, San Francisco, Pasadena, Australia, New Zealand, Los Angeles

☆ McCarthy lauds U.S. debt ceiling deal, House conservatives divided
▼ + stars: | 2023-06-04 | by ( David Lawder | ) www.reuters.com time to read: +4 min

The debt ceiling deal keeps fiscal 2024 spending flat at this year's levels, allowing a 1% increase for fiscal 2025. "Speaker McCarthy's position is absolutely safe," U.S. Representative Garret Graves, a Louisiana Republican who helped negotiate the debt ceiling deal, told CBS' "Face the Nation". DEAL PASSES IN DIVIDED CONGRESSBuck said that McCarthy promised Republicans that he would cut spending levels to fiscal 2022 levels, not the higher 2023 levels agreed in the deal, making the deal a loss the party. The deal was approved by 149 House Republicans and 165 Democrats, strong majorities of both parties. On Friday, Fitch Ratings it would keep the U.S. top tier credit rating on "negative watch" until the third quarter due to concerns over repeated brinkmanship over the debt ceiling, along with rising debt and deficits.

Persons: Kevin McCarthy, Joe Biden, McCarthy, Ken Buck, Biden, Buck, Garret Graves, we've, Fitch, Shalanda Young, Young, David Lawder, Aurora Ellis Organizations: . House, Sunday, Democratic, Republican, Caucus, Republicans, Union, U.S, Louisiana Republican, CBS, Fox, Revenue Service, Freedom Caucus, Democrats, White, CNN, Thomson Locations: CNN's, U.S, Louisiana

☆ Greek police find 3.2 million euros of cocaine in banana containers
▼ + stars: | 2023-06-03 | by ( ) www.reuters.com time to read: +1 min

ATHENS, June 3 (Reuters) - Police in northern Greece have seized dozens of packages of cocaine stashed in containers laden with bananas that had been shipped from Latin America, they said on Saturday. Police seized two suspect containers at the port of Piraeus and, after taking them to the port of Thessaloniki, found 100 "bricks" of concealed cocaine, weighing 161 kilos. The drugs, which would have been distributed across Greece and other European countries, are estimated to be worth about 3.2 million euros, police said. The consignment was found as part of an investigation Greece launched last month with North Macedonia authorities and the U.S. anti-drug agency, following the seizure of about 100 kilos of cocaine also hidden in banana containers at a warehouse in Thessaloniki. (This story has been refiled to fix a typographical error in the headline)Reporting by Angeliki Koutantou; Editing by Giles ElgoodOur Standards: The Thomson Reuters Trust Principles.

Persons: Angeliki Koutantou, Giles Elgood Organizations: Police, Saturday . Police, U.S, Thomson Locations: ATHENS, Greece, Latin America, Piraeus, Thessaloniki, Macedonia

☆ US ends probe of Pence documents with no charges
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, June 2 (Reuters) - The U.S. Department of Justice has closed its investigation into former Vice President Mike Pence without filing any charges related to classified documents found in his Indiana home, a department official said on Friday. The department notified Pence through a letter, the official added. Representatives for Pence, who served under former Republican President Donald Trump, did not immediately respond to a request for comment. Pence's spokesman has said the former vice president has "fully cooperated" with the probe and Pence himself has publicly acknowledged what he called a mistake. A Justice Department special counsel, Jack Smith, is investigating Trump's handling of classified materials since leaving office in January 2021.

Persons: Mike Pence, Pence, Donald Trump, Pence's, Jack Smith, Joe Biden, Trump, Timothy Reid, Susan Heavey, Bill Berkrot Organizations: U.S . Department of Justice, National, NBC, CNN, Biden, Thomson Locations: Indiana, Trump's Florida

☆ US employers boost hiring in May; unemployment rate jumps to 3.7%
▼ + stars: | 2023-06-02 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

The increase in the unemployment rate from a 53-year low of 3.4% in April reported by the Labor Department on Friday was mostly driven by Blacks. The backfilling of these retirements and increased demand for services are some of the factors driving job growth. Most economists expect overall payrolls growth to continue at least through the end of the year. The drop in household employment combined with a 130,000 increase in the labor force to boost the unemployment rate. The unemployment rate for blacks jumped to 5.6% from 4.7% in April.

Persons: payrolls, Sal Guatieri, Nick Bunker, Lucia Mutikani, Chizu Nomiyama, Andrea Ricci Organizations: Labor Department, Blacks, BMO Capital Markets, Fed, Reuters, Treasury, Reuters Graphics Reuters, Leisure, Writers Guild of America, Labor Department's Bureau of Labor Statistics, Thomson Locations: WASHINGTON, U.S, Toronto, joblessness

[1/3] A man looks at job information at an employment fair beside a street in Zhengzhou, Henan province, February 19, 2014. REUTERS/Jason LeeHONG KONG, June 1 (Reuters) - China's Henan province has unveiled a 100-day plan to "dynamically clear" youth unemployment as concern grows over record levels of joblessness among young adults, with millions more students due to graduate this year. The goal is to ensure "zero-dynamic clearing" for long-term unemployment and the "smooth employment of college graduates", the provincial Department of Education said in a social media post this week. Economists expect youth unemployment to become increasingly common in coming years as graduates enter the job market. The "dynamic zero clearing" term the education department used is reminiscent of the language authorities used in the fight against COVID, reflecting the level of concern about unemployment.

Persons: Jason Lee HONG, Farah Master, Robert Birsel Organizations: REUTERS, Department of Education, COVID, Thomson Locations: Zhengzhou, Henan province, Jason Lee HONG KONG, Henan, China, Beijing

In the recent assessment, scientists found that more lion cubs were born into Kafue prides from 2018 to 2021. A half-century of intensive poaching has decimated wildlife populations in Africa's third-largest national park, as it has across much of the continent, with Kafue's free-roaming big cats among the victims. [1/5] An eight-year-old male African lion rests on the plains of Kafue National Park, Zambia, September 19, 2020. But the carcasses also attract the critically endangered white-backed vultures, whose population has declined by more than 90% across West Africa in the past 40 years, largely due to poisoning. "African white-backed vultures will come in really large numbers," said Corinne Kendall, curator of conservation and research at North Carolina Zoo which is leading the program.

Persons: Kim Young, Overton, Panthera's, Andrew Loveridge, Sebastian Kennerknecht, Corinne Kendall, It's, it's, Kendall, Gloria Dickie, Sharon Singleton Organizations: Reuters, Leopards, REUTERS, Africa Parks, Zambia's Department of National Parks and Wildlife, North Carolina Zoo, Thomson Locations: Kafue, Park, Zambia, Handout, Africa, West Africa, London

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