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A drone strike triggered a blast so large it swallowed a Russian tank, suggesting it was laden with explosives. It was so powerful that the explosives hidden inside were likely to be measured in tons. Russian troops are experimenting with repurposing their aging vehicles as rolling bombs. This triggered an explosion and fireball so massive that experts immediately saw it as confirmation of the latest brute force tactic by Russia troops: exploding tanks. The tank exploded in Marinka, a front line in Ukraine's east where the Russians have tried kamikaze tanks recently.
Persons: Organizations: Service Locations: Western, Ukraine, Russia
[1/3] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 29, 2023. Financials (.SPSY) led the gainers after the Federal Reserve's stress test showed U.S. lenders have adequate capital to weather an economic storm. Treasury yields rose, with 10-year yields touching their highest level since early March after economic reports painted a picture of a solid U.S. economy, promoting the "higher for longer" scenario with respect to restrictive monetary policy. The dollar touched a two-week high against a basket of world currencies as upbeat economic data provided cushion to the Fed to continue raising rates. Oil prices posted modest gains as the solid economic data suggested strong demand and a steeper-than-expected drop in U.S. crude inventories.
Persons: Brendan McDermid, Russell, Michael Green, Joseph Sroka, Brent, Stephen Culp, Marc Jones, Susan Fenton, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Treasury, Fed, Dow, Nasdaq, Management, Dow Jones, Reuters Graphics Reuters, Japan's Nikkei, Thomson Locations: New York City, U.S, Philadelphia, Atlanta, Spain, Asia, Pacific, Japan, London
CNN —Inter Miami chief soccer officer and sporting director Chris Henderson said that “terms are agreed” between the club and Argentinian forward Lionel Messi. “With regard to Leo, terms are agreed, but we are working on the paperwork with Major League Soccer,” Henderson, who was at an introductory press conference for new manager Tata Martino, told reporters. Both worked together with the Argentina national team, reaching the final of the 2015 Copa América in Chile and the 2016 United States Centennial Cup. Last week, the Miami Herald reported that Messi, a World Cup winner with Argentina last year, is expected to make his Inter Miami debut on July 21. His influence on soccer in the United States is already being felt with ticket prices for Inter Miami matches soaring by more than 1,000% in the minutes after the move to MLS was first reported.
Persons: Chris Henderson, Lionel Messi, Messi, Germain, wasn’t, Henderson, Leo, ” Henderson, Tata Martino, That’s, ” Messi, Martino Organizations: CNN — Inter Miami, Spanish, Mundo Deportivo, Paris Saint, PSG, Major League Soccer, Argentina national, América, States Centennial, Miami Herald, Argentina, Inter Miami, Barcelona, MLS Locations: Paris, Chile, Barcelona, United States
It represented the most significant affront to President Vladimir Putin's 23-year reign. It has also fed paranoia and put a spotlight on Aleksey Dyumin, Putin's ex-bodyguard turned governor. A brief and ultimately aborted attempt at a coup d'état by Russian mercenary chief Yevgeny Prigozhin represented the most significant affront to President Vladimir Putin's 23-year reign. President Vladimir Putin (L) and Aleksey Dyumin, the governor of Tula and Putin's former personal bodyguard, in Moscow in 2016. Russian President Vladimir Putin (R) and Tula Governor Aleksey Dyumin visit Russian writer Lev Tolstoy's former home in 2016.
Persons: Yevgeny Prigozhin, Vladimir Putin's, Aleksey Dyumin, Putin's, , Vladimir Putin —, Prigozhin, Vladimir Fesenko, trundling, Sergey Shoigu, Valery Gerasimov, There's Prigozhin, Wagner, Putin, Belarus —, defenestration, Dyumin, Shoigu, Vladimir Putin, Mikhail Svetlov, Igor Girkin, Alexander Lukashenko —, Dyumin's, Dmitry Peskov, Boris Yeltsin, Viktor Yanukoyvch, Girkin, Andrei Gurulyov, Russia's, Lev Tolstoy's, Tatiana Stanovaya, Alexandra Prokopenko, Prokopenko, Sergei Surovikin, Surovikin, Viktor Zolotov, Zolotov, Alexander Lukashenko, Chris Weafer Organizations: Service, Kremlin, Kommersant, Angry Patriots, Russia's First Channel, Prigozhin, Carnegie Russia Eurasia Center, Central Bank, Washington Post, New York Times, Defense Ministry, Moscow Times, National Guard, Ministry, Macro Locations: Russian, Russia, Rostov, Ukraine, Moscow, Voronezh, Lipetsk, St, Petersburg, Minsk, Belarus, Russia's Tula, Kremlin, Tula, Dyumin's Tula, St Petersburg, Prigozhin, Crimea, Berlin, Novosibirsk, Osipovichi, Africa, Syria
Fall Out Boy's new cover of the 1989 Billy Joel classic covers a lot of the bases the original touch. "Cambridge Analytica" (2018): The British consulting firm had been around for years, but bombshell reporting by The New York Times and The Guardian in 2018 sparked a scandal. Obama went on to defeat Republican presidential nominee John McCain en route to becoming the nation's first Black president. "Trump gets impeached twice" (2021): President Donald Trump became the first president to be impeached twice in the wake of the January 6, 2021 Capitol riot. Video later showed that Rice, who was 12 years old, was killed within two seconds of officers arriving, The New York Times reported.
Persons: Billy Joel, Obama, Trump, , Billy Joel's, Gamal Abdel Nasser, Dwight D, Eisenhower, It's, Egypitan Hosni Mubarak, Muammar Gaddafi, Rodney King, King, Vladimir Putin, Putin, Viktor Yanukovych, Russia's, Donald Trump's, Alexander Nix, Cambridge Analytica, Osama bin Laden's, Illinois Sen, Barack Obama, New York Sen, Hillary Clinton, John McCain, Donald Trump, acquit Trump, Roberto Schmidt, Timothy McVeigh, Alfred P, Marjorie Taylor Greene, Sandra Bland, Tamir Rice, Bland, Rice, George Floyd, Derek Chauvin, Chauvin, Kerem Yucel, Gore, George W, Bush, Al Gore, Sandra Day O'Connor, Tom Delonge Organizations: Service, Cubs, Israel, NPR, National Guard, Russia, Cambridge, The New York Times, Guardian, London Thomson Reuters, US, New York, Democratic, Affordable, Republican, AFP, Getty, Murrah Federal Building, Georgia Republican, Minneapolis Police, Civil, Hennepin County Government Center, Texas Gov, Electoral College, Washington Post, CNN, Fox News, The Washington Post, New York Times Locations: Suez, Israel, Egypt, United Kingdom, France, British, Tunisia, North Africa, California's, Crimea, Ukraine, Azov, Kerch, Moscow, Russian, London, Afghanistan, Illinois, Iowa, Washington, Oklahoma, Georgia, The, Hennepin County, Minneapolis , Minnesota, AFP, Florida
Yet the three military sources and an intelligence source said thousands of Islamists were battling alongside the army. Reuters spoke to 10 sources for this article, including military and intelligence sources and several Islamists. The army accused the RSF of promoting Islamists and former regime loyalists in their top ranks, a charge the RSF denied. Nowadays, former NISS officers also help the military by collecting intelligence on its enemies in the latest conflict. The NISS was replaced by the General Intelligence Service (GIS) after Bashir was toppled, and stripped of its armed "operations" unit, according to a constitutional agreement.
Persons: General Mohamed Hamdan Dagalo, Umit, Bashir, Omar al, Osama bin Laden, Mohammed al, Fadl, Ali Karti, Abdel Fattah Burhan, Burhan, Reuters Graphics BASHIR, Hemedti, Bashir loyalists, Michael Georgy, Aidan Lewis, William Maclean Organizations: Rapid Support Forces, REUTERS, Army, DUBAI, West, Reuters, Sudanese, National Intelligence and Security Service, National, Party, United Arab Emirates, General Intelligence Service, Reuters Graphics, Central Reserve Police, Publicly, Thomson Locations: Aprag, Khartoum, Sudan, Darfur, UAE, Saudi Arabia, Egypt, Bahri
After a recent landslide vote of union members, the ILWU Canada has served notice it plans to strike at the country's West Coast ports starting on July 1. ILWU Canada said in a statement on Wednesday that its goal is to protect jobs and claims the British Columbia Maritime Employers Association is demanding major concessions. Impact to U.S. economy and tradeThe biggest port to be affected by this strike is the Port of Vancouver, the largest port in Canada. So far, ILWU Canada has declined this binding mediation & arbitration proposal," it said. But logistics managers tell CNBC that news of the Canadian port worker strike is a blow to operations.
Persons: Prince Rupert, ILWU, Rob Ashton, BCMEA, Port of Prince Rupert, Berkshire Hathaway, Vancouver and Prince Rupert, Jon Gold, General Mills, Jeff Harmening, Paul Brashier, Brashier Organizations: Canadian Labor, ILWU, British Columbia Maritime Employers Association, Canadian, Port, Vancouver Fraser Port Authority, U.S, BNSF, U.S ., National Retail Federation, CNBC, Retailers, General, ITS Logistics Locations: Canada, Coast, ILWU Canada, West Coast, Vancouver, British, of Vancouver, Canadian, Vancouver Fraser, U.S, Port of Vancouver, Port of, West, CN, Canadian Pacific, Berkshire, Panama, U.S . West Coast, Midwest, Chicago
AI’s deflationary winds will blow away profits
  + stars: | 2023-06-27 | by ( Francesco Guerrera | ) www.reuters.com   time to read: +6 min
LONDON, June 27 (Reuters Breakingviews) - The prevailing expectation for artificial intelligence’s (AI’s) impact on humans is laden with doom. Yet the history of technological innovation suggests humans will see at least one tangible benefit from AI: lower prices for what they consume. One innovation that could give consumers an advantage over companies is AI agents. Streaming services like Netflix (NFLX.O) and Walt Disney’s (DIS.N) Disney+ could also suffer if AI agents take off. Junior lawyers, call centre operators and advertising copywriters, to name but a few, should probably be afraid, very afraid of AI’s looming threat.
Persons: , Geena Davis, David Cronenberg’s, Goldman Sachs, Morgan Stanley, Morgan Stanley reckons, HelloFresh, Walt Disney’s, Peter Thal Larsen, Oliver Taslic Organizations: Reuters, Goldman, McKinsey, Nvidia, May, Reuters Graphics Reuters, U.S . Bureau of Labor Statistics, Bureau of Labor Statistics, Netflix, Deloitte, Thomson Locations: United States, Mallorca
It may have been no pepperoni with extra cheese, but it still caught the eye of archaeologists working on the ruins of Pompeii, and not because they were hungry. The researchers were excavating the site earlier this year when they ran across a fresco depicting a silver platter laden with wine, fruit — and a flat, round piece of dough with toppings that looked remarkably like a pizza. Proto-pizza might be more like it, given that the city of Pompeii was buried by a volcano in 79 A.D., nearly 2,000 years before anything modern civilization might recognize as a pie came into existence. In a statement published on Tuesday, the archaeologists were insistent that the dish portrayed in the fresco did not mean that the History of Pizza is about to be rewritten. “Most of the characteristic ingredients are missing, namely tomatoes and mozzarella,” they said.
Persons: Locations: Pompeii
The secret queer history of flowers
  + stars: | 2023-06-25 | by ( Aj Willingham | ) edition.cnn.com   time to read: +6 min
Many of these flowers have deep connections to queer icons or are echoed in other queer symbols. (Even more complex emotions like, say, bashfulness, were associated with their own flowers, which surely wasn’t confusing at all.) It makes sense, then, that queer communities would find both beauty and belonging by continuing this interesting tradition. Today, the lavender flower still appears in newer symbols of queerness. The Japanese word for rose is pronounced “bara,” and experienced a resurgence in queer media in the 1960s and 1970s.
Persons: CNN —, Lavender, Sappho, Betty Friedan, Violet Violets, , violets, Lesbos ”, Renée Vivien, Edouard Bourdet, Pansy “ Pansy ”, pansy, , Paul Harfleet, Rose, Japan’s, Oscar Wilde, Windermere’s Fan, ” Wilde Organizations: CNN, Stonewall, National Organization for Women Locations: Europe, New York City, Lesbos, Paris, British,
With few market-moving catalysts this week aside from Powell's congressional testimony, all three indexes notched weekly losses, ending a weeks-long rally. The Nasdaq snapped its eight-week winning streak, its longest since March 2019, while the S&P 500 (.SPX) broke its five-week rally, its longest since November 2021. The S&P 500 and the Nasdaq logged their biggest Friday-to-Friday percentage drops since early March, when the regional banking liquidity crisis hit. "You can probably count on a rate hike next month, but it's that second hike that the markets are skeptical of," Mayfield added. According to preliminary data, the S&P 500 (.SPX) lost 33.48 points, or 0.76%, to end at 4,348.41 points, while the Nasdaq Composite (.IXIC) lost 138.09 points, or 1.01%, to 13,492.52.
Persons: Jerome Powell's, Ross Mayfield, Mary Daly, Tom Barkin, Mayfield, Russell, Stephen Culp, Shubham Batra, Shristi, Richard Chang Organizations: YORK, Federal, Nasdaq, Baird, Francisco Fed Bank, Reuters, Atlanta Fed, Financial, Dow Jones, Carmax Inc, Starbucks Corp, Thomson Locations: Louisville , Kentucky, Bengaluru
How India Profits From Its Neutrality in the Ukraine War The Gulf of Kutch in India is home to the world’s largest oil refinery. After Russia invaded Ukraine, tankers laden with Russian oil are an increasingly common sight along this inlet of northwestern India. China and India are buying so much Russian oil now that Moscow is selling more crude than it was before it invaded Ukraine. Russian crude shipments in the Gulf of Kutch this year Total barrels shipped between through May 2023. In December, S. Jaishankar, India’s foreign minister, was asked in Parliament about India’s decision to buy Russian crude.
Persons: Narendra Modi, Modi, Biden, Ukraine Price, , Mukesh Ambani, India’s, Copernicus, Organizations: New York Times, Western, Ukraine, International Energy Agency, European Union, Argus Media, Jamnagar, Reliance Industries, Nayara Energy, Rosneft, Port, Southeast, Center, Research, Energy, Clean, United Arab Emirates, Modi government’s Locations: India, Ukraine, Kutch, Russia, SynMax, United States, Europe, Moscow, West, India China, China, Kpler, East, Jamnagar, Gujarat State, Russian, Gulf, Pipeline, Panipat, Mundra, Vadinar, Jamnagar Port Vadinar Refinery Jamnagar, Port, Nayara, Southeast Asia, Africa, Finland, Turkey, Singapore, Sikka, Asia Europe
A former FBI analyst was sentenced to 46 months in federal prison for keeping classified documents at her home. She had unlawfully kept about 386 classified documents, according to the Justice Department. In her training, Kingsbury was warned that classified information could only be kept in an "approved facility and container," the DOJ wrote. Each count of willfully retaining national defense secrets alone carries a maximum sentence of 10 years in prison. Kingsbury pleaded guilty to two counts of unlawfully retaining documents related to the national defense in October.
Persons: Donald Trump's Mar, , Donald Trump's, Kendra Kingsbury, Kingsbury, Usama, Trump Organizations: FBI, Justice Department, Service, Kanas, Division of, DOJ, The New York Times Locations: Lago, North Kansas City , Missouri, U.S, al Qaeda, Africa, United States, Kingsbury
Kante leaves Chelsea to join Saudi champions Al-Ittihad
  + stars: | 2023-06-20 | by ( ) www.reuters.com   time to read: +1 min
June 20 (Reuters) - N'Golo Kante will leave Chelsea after seven years at Stamford Bridge and join Al-Ittihad as a free agent on a three-year contract, the Saudi club said on Tuesday. Kante is an Ittihad player now," the club posted in a video message on Twitter. British media reported the 32-year-old midfielder has signed a contract worth around 86 million pounds ($109.78 million) a year. Benzema left Real Madrid after 14 trophy-laden years and signed a two-year contract with the Saudi Arabian champions in a deal reported to be worth more than 100 million euros ($109.17 million). Kante has been a mainstay at Chelsea, winning the Champions League, Premier League, Europa League and FA Cup during his time with the club.
Persons: Ballon, Karim Benzema, Benzema, Kante, Cristiano Ronaldo, Nassr, Pearl Josephine Nazare, Toby Davis Organizations: Chelsea, Stamford, Al, France, Leicester City, Twitter, Real Madrid, Champions League, Premier League, Europa League, FA, Thomson Locations: Ittihad, Saudi, London, Al, Saudi Arabian, Kante's, Saudi Arabia, Bengaluru
In a video shared by the ministry on Saturday, a Russian tank commander, callsign “Bernaul,” said he was assigned with the task of setting up the tank and executing the attack. Drone video shows the tank static after apparently hitting a mine close to Ukrainian lines. Drone video shows the tank static after apparently hitting a mine close to Ukrainian lines. A moment before the tank explodes, there appears to be a flash coming from Ukrainian positions, which may have been an attempt to destroy the tank. “Sending an unmanned kamikaze tank filled with 6 tons of TNT to Ukrainian positions in Mariinka.
Persons: , “ Voennyi, Russia “ Romanov, Osvedomitel, It’s Organizations: CNN — Russia’s Ministry of Defense, Ukrainian, TNT, Russia, CNN Locations: Russian, Romanov_92, Mariinka, Donetsk
Opinion: Trump, the hoarder in chief
  + stars: | 2023-06-18 | by ( Richard Galant | ) edition.cnn.com   time to read: +13 min
We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. Photos included in the 38-count indictment of former President Donald Trump and his aide Walt Nauta show bankers boxes stacked in a bathroom and other parts of Trump’s Mar-a-Lago club. Trump has always hung onto news clippings, documents and other mementos,” The New York Times reported. “Trump is chaotic and unpredictable in a way that could lead other Republicans to believe that there is a chance he won’t make it to the convention. As Zelizer noted, “Trump has denied wrongdoing, claiming he is being unfairly targeted.”But “given this unusual context, Republicans have legitimate reasons to think that there could be an upset.
Persons: Harry Fellowes, Fellowes, Harry Fellowes couldn’t, Donald Trump, Walt Nauta, Trump, Kim Jong, Mr, Jack Smith’s, Peter Bergen, ” Bergen, Nick Anderson, David Zurawik, , ” Zurawik, ” Clay Jones, ” Trump, Jill Filipovic, ” Dana Summers, John Avlon, MAGA hasn’t, Gautham Rao, Donald Trump’s, Dean Obeidallah, Hillary Clinton, Phil Hands, Miami Mayor Francis Suarez, Julian Zelizer, “ Trump, , Facebook Trump, Zelizer, Republican Alice Stewart, Joe Biden, Mike, Pence, Agency Stewart, I’m, that’s, Chris Christie, Christie, Cupp, , Frida Ghitis, Mucutuy, , Cristin, Tien Ranoque, ” Ghitis, David Andelman, Ruth Ben Ghiat, Brett Bruen, Sébastien Roblin, Michael Bociurkiw, Father’s, Edward S, Feldman, Harrison Ford, David G, Allan, Tom Hanks, ” Allan, I’ve, Ford, Indiana Jones, Steve Majors, Young, Joyce M, Davis, Pete Buttigieg, ” Davis, Buttigieg, Don’t, Tom Stiglich, Syndicate David Culver, Opal Lee, Dion Sims, Black, Juneteenth Scott Hodge, Roxanne Jones, LeBron James, NBA Joshua Douglas, Samuel Huneke, Jere Hester, they’re, Sir Paul McCartney, John Lennon’s, Yoko Ono, Lennon’s, McCartney Organizations: CNN, White, The New York Times, West Wing, Tribune, Agency, US, Trump, Miami Mayor, Republican, Twitter, Facebook, intel, New, New Jersey Gov, Paramount Pictures, , Syndicate, NBA, Central Press, Hulton, Beatles, BBC Locations: Trump’s, Mar, Miami, New Jersey, China, Philadelphia, Atlanta , Georgia, Harrisburg , Pennsylvania, Jamaica
In 2013, a photographer convinced the cartoonist to don a Captain America costume for a shoot on the streets of New York. Something about a Sikh Captain America seemed to resonate with people. He wants others to see Sikh Captain America as just AmericanIn summer 2011, Singh saw a promotional poster for “Captain America: The First Avenger” that sparked an idea. “I never fathomed that a 10-year-old White kid would connect to a turban and bearded Captain America,” Singh said. Singh’s Sikh Captain America subverted typical ideas of patriotism – instead of fighting Nazi agent Red Skull and other members of the Axis Powers, Sikh Captain America would fight hate crimes and intolerance in the US.
Persons: America, Chris Evans, Vishavjit Singh, Singh, ” Singh, Ryan Westra, Whoopi Goldberg, Indira Gandhi, Gandhi, , , , Osama bin Laden, Mark Fiore, White, Joe Simon, Jack Kirby, Red, Drew Heskett, Westra, Beard, ” “, ” Westra, they’ve, heartening, – Singh, “ Osama ” Organizations: CNN, Police, Tribeca, Sikh, Captain America, New York Comic Con, Nazi, America Locations: United States, New York, New Delhi, India, California, East Coast, Nazi Germany, America
On Thursday, Miami Mayor Francis Suarez announced that he is running alongside 12 other Republican candidates. Unlike the crowded 1976 Democratic primaries or the 2016 Republican primaries, which turned into a WWE-style battle royal of aspiring presidents, there is a clear frontrunner this time around: Trump. And despite his invincible self-image, Republicans know that Trump can lose — he was defeated in 2020 and Republicans under his banner did poorly in the 2018 and 2022 midterms. Like President Joe Biden, Trump is relatively old for a US president, having turned 77 on Wednesday. Republicans understand that while Trump remains the leading contender, there is a desire and a need for younger leaders to step up.
Persons: Julian Zelizer, Miami Mayor Francis Suarez, Suarez, Donald Trump, Trump, Chris Christie, Never Trump, Joe Biden, Organizations: CNN, Princeton University, New York Times, America, Twitter, Republican, Miami Mayor, WWE, Trump, Capitol, New, New Jersey Gov, Facebook Locations: Trump, New Jersey, Cuban, Miami
Yevgeny Prigozhin, the owner of the Wagner Group military company, arrives during a funeral ceremony at the Troyekurovskoye cemetery in Moscow, Russia, Saturday, April 8, 2023. It's well known that there's no love lost between the outspoken Wagner Group boss Yevgeny Prigozhin and Russia's Ministry of Defense; Prigozhin has openly and repeatedly criticized the ministry's most senior officials, including Defense Minister Sergei Shoigu, in expletive-laden rants slamming Russia's military strategy in Ukraine. But now, however, tensions appear to be emerging between Prigozhin and the Russian leadership, putting him in a precarious position with the Russian president. Precarious place for PrigozhinPrigozhin has stated that he's confident a compromise can be found that avoids the need for a contract with the defense ministry, but analysts say the mercenary boss is on shaky ground in his apparent defiance of Putin. Wagner Group head Yevgeny Prigozhin attends the funeral of Dmitry Menshikov, a fighter of the Wagner group who died during a special operation in Ukraine, at the Beloostrovskoye cemetery outside St. Petersburg, Russia, on Dec. 24, 2022.
Persons: Yevgeny Prigozhin, Vladimir Putin, Wagner, Prigozhin, Sergei Shoigu, Valery Gerasimov, Mikhail Klimentyev, Shoigu, Putin, Prigozhin Prigozhin, he's, Dmitry Menshikov Organizations: Wagner Group, AP, Kremlin, Wagner, Russia's Ministry of Defense, Putin, Russian Defence Ministry Board, Afp, Getty, Shoigu, Defence Ministry, Ministry of Defense, Google, Wagner PMC, MoD Locations: Moscow, Russia, Ukraine, Bakhmut, Prigozhin, Russian, St . Petersburg
FILE PHOTO: A vehicle is seen near a lithium smelter in Yichun, Jiangxi province, China March 30, 2023. It has supported mine development by taking stakes in mining companies to help battery materials makers that do not have mines overseas like those owned by China’s top lithium producers Ganfeng Lithium and Tianqi Lithium. Separating lithium from lepidolite can cost as much as 100,000 yuan per metric ton, compared to 40,000-50,000 yuan for brine and 50,000-60,000 yuan for spodumene, analysts said. ‘NATURAL RESOURCES CHAOS’Further dimming the outlook for lepidolite, environmental damage is a growing concern. UBS analysts see China’s supply of lithium from lepidolite tripling to 280,000 metric tons, or 13% of global supply, between 2022 and 2025, well short of Yichun’s target.
Persons: , Yang Yaohua, Yang, Wu Wei, Eric Norris, ” Norris, Yongxing, Yichun, Ma Jun, ” Ma, Vicky Zhao, Li Qi Organizations: REUTERS, Staff, Australia, Guosen, Macquarie, Gotion High Tech, CRU, Xiamen University, Energy, lepidolite, Reuters, Materials Technology, Institute of Public & Environmental Affairs, UBS, Benchmark Mineral Intelligence Locations: YICHUN, China, Yichun, Jiangxi province, lepidolite, Beijing, Sichuan, Qinghai, Tibet, Shanghai, Jin, U.S, Jiangxi
It has supported mine development by taking stakes in mining companies to help battery materials makers that do not have mines overseas like those owned by China's top lithium producers Ganfeng Lithium (002460.SZ), (002460.SZ) and Tianqi Lithium (002466.SZ). Separating lithium from lepidolite can cost as much as 100,000 yuan per metric ton, compared to 40,000-50,000 yuan for brine and 50,000-60,000 yuan for spodumene, analysts said. 'NATURAL RESOURCES CHAOS'Further dimming the outlook for lepidolite, environmental damage is a growing concern. As it gets stricter now, lithium resources in Yichun will lose their competitiveness with the higher costs for environmental protection," Ma said. UBS analysts see China's supply of lithium from lepidolite tripling to 280,000 metric tons, or 13% of global supply, between 2022 and 2025, well short of Yichun's target.
Persons: YICHUN, Yang Yaohua, Yang, Wu Wei, Eric Norris, Norris, Yongxing, Yichun, Ma Jun, Ma, Vicky Zhao, Li Qi, Siyi Liu, Dominique Patton, Ernest Scheyder, Tony Munroe, Sonali Paul Organizations: Australia, Guosen, Macquarie, Gotion High Tech, CRU, Xiamen University, Energy, Corp, Reuters, Materials Technology, Institute of Public & Environmental Affairs, UBS, Benchmark Mineral Intelligence, Beijing Newsroom, Thomson Locations: China, Yichun, lepidolite, Beijing, Sichuan, Qinghai, Tibet, Shanghai, Jin, U.S, Jiangxi, Houston
The group will study this expression of interest and keep the market informed," Casino said in a statement on Wednesday. And the holding company through which Naouri controls Casino is also heavily indebted. Niel, Pigasse and Zouari said they would invest 200 million to 300 million euros themselves, with the rest coming from unspecified partners, including Casino creditors. The trio's proposal comes after Kretinsky, Casino's second-largest shareholder, offered in April to take control of the group through a 1.1 billion euro capital increase. A Casino spokesperson declined to comment beyond its statement on Wednesday or on behalf of Naouri.
Persons: Jean, Charles Naouri, Xavier Niel, Daniel Kretinsky, Casino, Kretinsky, Niel, Matthieu Pigasse, Moez, Alexandre Zouari, Clement Genelot, Garnier, Pigasse, Zouari, Casino's, Mathieu Rosemain, Chiara Elisei, Laura Lenkiewicz, Sudip Kar, Silvia Aloisi, Mark Potter, Alexander Smith Organizations: Casino, Monoprix, BNP, Credit Agricole, Carrefour, Reuters, France's, Naouri, Thomson Locations: PARIS, Czech, Natixis, Casino
After raising interest rates 10 times over the past 15 months, the Federal Reserve is expected to take a break on Wednesday and hold rates steady. But the cumulative effects of past rate increases will continue to squeeze the budgets of debt-laden Americans, while rewarding those with money to stash in savings. The Federal Reserve has already raised its benchmark rate, the federal funds rate, to a range of 5 to 5.25 percent to rein in inflation, which is showing signs of slowing. But prices remain elevated — and the Fed could decide to lift rates again as soon as next month. “We were very spoiled for a while with low rates, and that lulled us into a false sense of security in terms of what the true cost of debt can be,” said Anna N’Jie-Konte, president of Re-Envision Wealth, a wealth management firm.
Persons: , Anna N’Jie Organizations: Federal Reserve, Fed, Re
WASHINGTON — Two top Senate Democrats with a track record of scrutinizing business and antitrust activity have called for a Justice Department investigation into the merger agreement between the PGA Tour and Saudi-funded LIV Golf. The letter follows Connecticut Democratic Sen. Richard Blumenthal's inquiries to PGA Tour Commissioner Jay Monahan and LIV Golf CEO Greg Norman for details on the merger. The PGA Tour also insists the deal isn't a merger and that Saudi Arabia's Public Investment Fund will be a minority investor. The deal between the PGA Tour and LIV Golf would put an end to pending antitrust litigation between the two golf organizations. Family members of 9/11 victims have protested the Saudi golf league due to the terrorists' ties to the country.
Persons: Elizabeth Warren, Ron Wyden, LIV, Elizabeth Warren of, General Merrick Garland, Jonathan Kanter, Connecticut Democratic Sen, Richard Blumenthal's, Jay Monahan, Greg Norman, Monahan, LIV Golf, DOJ didn't, Yasir Al, Rumayyan, LIV Golf's, Osama Bin Laden, Prince Mohammed bin Salman, Jamal Khashoggi, Warren, Wyden, , Jessica Golden Organizations: U.S, Capitol, WASHINGTON —, Democrats, Justice Department, PGA Tour, Saudi, LIV Golf, Oregon, Connecticut Democratic, Saudi Arabia's Public Investment Fund, DOJ, CNBC, PGA, Public Investment Fund, Washington Post, Senate Banking Committee, Finance Locations: Sens, Washington , DC, Elizabeth Warren of Massachusetts, U.S, Saudi, Saudi Arabia
Credit card rates are closely linked to the Federal Reserve’s actions, which means consumers have seen those rates rise over the past year. After raising interest rates 10 times over the past 15 months, the Federal Reserve is expected to take a break on Wednesday and hold rates steady. The Federal Reserve has already raised its benchmark rate, the federal funds rate, to a range of 5 to 5.25 percent to rein in inflation, which is showing signs of slowing. Used-car rates were even higher: The average loan carried a 11 percent rate in May, up from 8.2 percent a year earlier. Home-equity lines of credit and adjustable-rate mortgages — which each carry variable interest rates — generally rise within two billing cycles after a change in the Fed’s rates.
Persons: , Anna N’Jie, Bankrate.com, Matt Schulz, Jonathan Smoke, Edmunds.com, that’s, , Freddie Mac, Ken Tumin, DepositAccounts.com Organizations: Federal Reserve, Fed, Re, LendingTree, Cox Automotive, Treasury, Savings Vehicles Savers, Consumers, DepositAccounts.com Locations: San Francisco .
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