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☆ UK's populist right-wing party surges in popularity on Brexiteer Nigel Farage's return
▼ + stars: | 2024-06-06 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Reform UK party leader Nigel Farage walks to speak to supporters as he launches his election candidacy at Clacton Pier on June 4, 2024 in Clacton-on-Sea, England. Labour is expected to win 40% of votes to the Conservatives' 19% and Reform's 17%, the online polling showed. Farage's surprise return as Reform leader on Monday dealt a deadly blow to the party, threatening to steal a significant share of votes on the right. In the 2019 election, his then-Brexit Party agreed not to field candidates in hundreds of seats to safeguard a Conservative win. The announcement hurts Sunak's earlier efforts to win right-wing votes by hardening the Tories' stance on migration and the U.K.'s membership of the European Convention on Human Rights.

Persons: Nigel Farage, Rishi Sunak's, Farage, — Organizations: Clacton Pier, Reform, Sky News, Labour, Conservatives, Conservative, Brexit, Tories, Brexit Party, European, Human Rights Locations: Clacton, England, London

☆ Biden Will Link Fight for Ukraine With Allied Effort on D-Day
▼ + stars: | 2024-06-06 | by ( Michael D. Shear | ) www.nytimes.com time to read: +1 min

NORMANDY — President Biden will observe the 80th anniversary of D-Day on the beaches of Normandy on Thursday by asserting that the allied effort to stand up to Russia’s invasion of Ukraine is a direct extension of the battle for freedom that raged across Europe during World War II. Mr. Biden, 81, who was a toddler when Americans stormed the beaches here in 1944, will almost certainly be the last U.S. president to speak at a Normandy remembrance who was alive at the time Allied forces began to push Adolf Hitler out of Europe. Now, eight decades later, Mr. Biden is leading a coalition of European and other nations in a very different war on the continent, but for a very similar principle — pushing back against the attempted seizure of Ukraine by President Vladimir V. Putin of Russia. In remarks at the Normandy American Cemetery, the president will draw a direct line between the two, connected by the defense of a rules-based international order.

Persons: Biden, Mr, Adolf Hitler, Vladimir V, Putin Locations: NORMANDY, Normandy, Ukraine, Europe, Russia

☆ Harvard professor on U.S. economic outlook ahead of 2024 election
▼ + stars: | 2024-06-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. economy: We're 'going from bad to worse' in terms of fiscal sustainability, says professorCarmen Reinhart, Minos A. Zombanakis Professor of the International Financial System at the Harvard Kennedy School, says "there is no prospect of putting a brake on the debt build-up" no matter who wins the U.S. election.

Persons: Carmen Reinhart, Minos Organizations: U.S, International, Harvard Kennedy School

☆ Asia markets rise as euro rate cut hopes lift sentiment; S&P and Nasdaq hit new highs overnight
▼ + stars: | 2024-06-06 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

The Sydney Opera House Sydney, New South Wales, Australia. Gallo Images | Brand X Pictures | Getty ImagesAsia-Pacific stocks rose as hopes for rate cuts by the European Central Bank boosted market sentiment, while major indexes in the U.S. hit fresh highs overnight. The European Central Bank this week appears set to cut borrowing costs for the euro area for the first time since September 2019. In Australia, the S&P/ASX 200 inched up 0.12%, ahead of its trade data for April. Futures for Hong Kong's Hang Seng index stood at 18,396, pointing to a weaker open compared to the HSI's close of 18,424.96.

Organizations: Sydney Opera House, Getty, European Central Bank, Japan's Nikkei Locations: Sydney Opera House Sydney , New South Wales, Australia, Asia, Pacific, U.S

☆ European stocks set for higher open as markets anticipate first ECB rate cut since 2019
▼ + stars: | 2024-06-06 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

A sculpture of the Euro currency stands in the city centre of Frankfurt am Main, western Germany, on January 25, 2024. European stocks are expected to open higher on Thursday, with traders anticipating that the European Central Bank will cut borrowing costs for the euro area for the first time since September 2019. The U.K.'s FTSE index is seen opening 27 points higher at 8,270, Germany's DAX 75 points higher at 18,642, France's CAC 40 up 28 points at 8,032 and Italy's FTSE MIB 139 points higher at 34,711, according to data from IG.

Persons: Germany's DAX Organizations: European Central Bank, CAC, IG Locations: Frankfurt, Germany

☆ The boss of Russia's biggest bank said the country's economy is 'definitely and strongly overheated'
▼ + stars: | 2024-06-06 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

Russia's economy is "definitely and strongly overheated," said Sberbank CEO Herman Gref. Gref said it's "impossible" to exceed the current production capacity, which is at 84%. Russia's sanctions-hit economy grew 3.6% GDP last year, driven by wartime activities. Herman Gref, the CEO of Sberbank — Russia's largest bank by assets value — said the country's economy is "definitely and strongly overheated," TASS state news agency reported on Tuesday. Gref, who was speaking in parliament, said production capacity was at a historically high level of 84%.

Persons: Herman Gref, Gref, —, Sberbank Organizations: Service, TASS, Business Locations: Ukraine

☆ Indian Prime Minister Modi set to take oath for a third time as allies pledge support
▼ + stars: | 2024-06-06 | by ( ) www.cnbc.com time to read: +2 min

Indian Prime Minister Narendra Modi's National Democratic Alliance (NDA) formally named him on Wednesday to lead a new coalition government for a third straight term, a day after it regained power with a surprisingly slim majority. Indian Prime Minister Narendra Modi's National Democratic Alliance formally named him on Wednesday to lead a new coalition government for a third straight term, a day after it regained power with a surprisingly slim majority. The BJP-led NDA won 293 seats in the 543-member lower house of parliament, more than the simple majority of 272 seats needed to form a government. The INDIA alliance led by Rahul Gandhi's centrist Congress party won 230 seats, more than forecast. Separately, leaders of the INDIA alliance that comprises over two dozen parties also met at the residence of Congress President Mallikarjun Kharge in Delhi.

Persons: Narendra Modi's, Modi, Rahul Gandhi's, Droupadi Murmu, Mallikarjun Kharge, Kharge Organizations: Indian, Narendra Modi's National Democratic Alliance, Bharatiya Janata Party, INDIA, BJP Locations: Indian, Delhi

☆ With Elections, Europe Is Coming Alive - The New York Times
▼ + stars: | 2024-06-06 | by ( Caroline De Gruyter | ) www.nytimes.com time to read: +1 min

Election season in Europe rarely sets the pulse racing. But citizens, the people charged with voting in members of Parliament, did not seem to care that much. I’ve seen their interest firsthand. Why is politics in Brussels, which has always been seen as boring and technocratic, suddenly becoming almost sexy? As citizens are drawn more into continental politics, the democratic deficit in Europe is slowly beginning to evaporate.

Organizations: European Union Locations: Europe, Brussels, Netherlands, France, Switzerland, Czech Republic, Ukraine

☆ Papua New Guinea to End Search for Landslide Victims
▼ + stars: | 2024-06-06 | by ( Christopher Cottrell | Jin Yu Young | ) www.nytimes.com time to read: 1 min

Two weeks after a landslide leveled a remote community in Papua New Guinea’s Enga Province, search and rescue operations are about to end, amid indications that the disaster was less devastating than previously thought. So far, nine bodies have been recovered, but crews have struggled to work through debris that covered an irregularly shaped area more than a third of a mile long. Aid workers have distributed food — rice, canned fish, cooking oil, sugar and salt — to about 3,000 people living near the site. Geological experts from New Zealand have urged the authorities to evacuate a larger area because of the risk of another landslide, a United Nations agency said, adding that the search for victims is scheduled to end on Friday.

Organizations: United Locations: Papua, Enga Province, New Zealand, United Nations

☆ Guess Who’s Angry at China’s Real Estate Bailout: Homeowners
▼ + stars: | 2024-06-06 | by ( Daisuke Wakabayashi | Claire Fu | ) www.nytimes.com time to read: +1 min

For much of the past decade, China’s efforts to curb speculation on real estate grew broader and more extensive. In Chengdu, in western China, only local residents who paid social welfare taxes and drew a winning ticket in a lottery could buy a new place. Those restrictions, along with limitations in other regions, have been lifted as China tries to revive a severe property downturn. Since last year, more than 25 Chinese cities have eliminated all restrictions on real estate purchases, as many local governments scrapped rules that prevented developers from cutting prices. It lowered down-payment requirements and relaxed mortgage rules, and urged local governments to buy unsold homes and convert them into public housing.

Organizations: Shanghai Locations: Chengdu, China, Tangshan

☆ Gold gains as U.S. dollar, yields slip; focus on jobs data
▼ + stars: | 2024-06-06 | by ( ) www.cnbc.com time to read: +1 min

Gold firmed on Thursday as the dollar and Treasury yields retreated on rising bets that U.S interest rate cuts may start as early as September, while investors awaited the U.S. non-farm payrolls data. Gold firmed on Thursday as the dollar and Treasury yields retreated on rising bets that U.S interest rate cuts may start as early as September, while investors awaited the U.S. non-farm payrolls data. Spot gold was up 0.8% at $2,373.31 per ounce as of 0258 GMT, after rising 1% in the previous session. The dollar index was down 0.2%, hovering around a near two-month low, and benchmark U.S. 10-year Treasury yields lingered near their weakest levels in more than two months. "The fundamental outlook still looks constructive for gold as we move closer towards possible Fed rate cuts in the second half of the year.

Persons: Tim Waterer Organizations: Treasury, ., U.S ., KCM, U.S, Federal

☆ Putin said Russia could send long-range weapons around the world to those who want to strike Western facilities
▼ + stars: | 2024-06-06 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Read previewRussian leader Vladimir Putin said on Wednesday he could send long-range weapons to "regions around the world" wanting to strike Western targets after the US and its allies authorized Ukrainian strikes with their arms on Russian soil. He claimed without evidence that Western nations supplying long-range arms to Ukraine were also deploying personnel to direct and aim munitions fired by said weapons. Putin's comments came just days after Washington and Berlin reversed their long-standing policies and allowed Kyiv to launch strikes with American and German weapons. AdvertisementBut President Joe Biden has only permitted Ukraine to fire on military targets in Russian regions bordering the northeastern region of Kharkiv. AdvertisementThe US sent Ukraine about $47 billion in military aid between February 2022 and February 2024, per the Kiel Institute.

Persons: —, Vladimir Putin, Putin, We're, John Kirby, It's, Joe Biden Organizations: Service, Atlantic Treaty Organization, Russian Federation, Business, Kremlin, White House, Kiel Institute, Congress, Center for Strategic & International Studies Locations: St . Petersburg, Kyiv, Moscow, Russia, Ukraine, Washington, Berlin, France, Kharkiv, Russian, Belgorod, couldn't, Europe, Kiel

☆ Get ready to make less money off your investments, says a private equity executive
▼ + stars: | 2024-06-06 | by ( Meghan Morris | ) www.businessinsider.com time to read: +1 min

Apollo's Scott Kleinman warned of a "dry spell" for investors as deals from a friendlier era unwind. Managers must adjust financial projections from deals done in the zero-interest rate era. AdvertisementA leading private equity executive just warned that investors are in for a "pretty dry spell for a few years." "I'm here to tell you everything is not going to be OK," Scott Kleinman, the co-president of Apollo Global Management, said at a session during Berlin's SuperReturn International conference on Wednesday. Managers have to adjust their financial projections for deals struck in the looser world of zero interest rates, when financing was cheap and consumers spent more.

Persons: Apollo's Scott Kleinman, —, Scott Kleinman, Berlin's Organizations: Investors, Service, Apollo Global Management, Business

☆ CNBC Daily Open: Nvidia pushes past $3 trillion
▼ + stars: | 2024-06-06 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia passes AppleArtificial intelligence chipmaker Nvidia surpassed the $3 trillion market capitalization mark, pushing past Apple to become the second most valuable company behind Microsoft. Baron backs Musk's pay dealBillionaire investor Ron Baron has publicly defended Elon Musk's controversial $56 billion Tesla pay package. Elliott retakes SoftBank stakeElliott Management, an activist investor, has taken a $2 billion stake in SoftBank and is pushing for a $15 billion share buyback. In 2020, at Elliott's urging, SoftBank launched a $20 billion share buyback and asset disposal program.

Persons: Ron Baron, Elon, Baron, Elliott retakes SoftBank, Elliott, SoftBank, Son's, Archer, Goldman Sachs Organizations: New York Stock Exchange, CNBC, Nvidia, Nasdaq, Hewlett Packard Enterprises, Dow Jones, Treasury, Apple, Microsoft, Baron Capital, Elliott Management, Electric, FAA, Archer Aviation, Federal Aviation Administration, United Airlines Locations: New York City, U.S, Tesla, Delaware, SoftBank, Elliott's

☆ EU elections kick off against a backdrop of China disputes, 'greenlash' and possible Trump return
▼ + stars: | 2024-06-06 | by ( Silvia Amaro | ) www.cnbc.com time to read: +4 min

Laurie Dieffembacq | Afp | Getty ImagesThe political makeup of the European Union is about to change with voters across the 27 member states heading to the polls from Thursday until Sunday. Trump has previously remarked that he would not protect NATO countries from Russian attacks if they lag on their membership payments. Green pledgesIn the wake of the 2019 EU elections, the bloc claimed it was the global champion on a climate-friendly agenda. "This could include more support for nuclear power or even support fracking for cheaper and more reliable gas," they added. "An even larger Eurosceptic representation is also likely to weigh against bold reforms which could make enlargement difficult," the analysts said.

Persons: Hadja, Laurie Dieffembacq, Joe Biden, Donald Trump, Biden, Trump, Green, Giorgia, There's Organizations: Belgian, Afp, Getty, European, CNBC, U.S . European Union, U.S, EU, NATO, European Commission, Citi, Bloomberg, European Union Locations: European Union, Europe, U.S, Ukraine, China, Brussels, Beijing, Italy, Rome, Kyiv

☆ This 'quasi monopoly' chip stock will drive AI trend for the next decade, says fund manager
▼ + stars: | 2024-06-06 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

European chip stock ASML "is almost in a quasi-monopoly position" to drive developments in artificial intelligence over the next decade, according to fund manager Marcus Morris-Eyton. Its customers include TSMC , which makes the AI chips designed by Nvidia , AMD and Intel , as well as Samsung and SK Hynix . Shares fell by 7% on the day as the company provided what analysts labeled "soft" guidance for the current quarter. Earlier this week, the company opened a test laboratory for its next-generation lithography equipment with Belgium chip research firm Imec. "Ultimately, if you need AI, if you need [electric vehicles], if you need data centers, you need more chips," Morris-Eyton added.

Persons: Marcus Morris, that's, ASML, It's, Francois, Xavier Bouvignies, Tammy Qiu, Didier Scemama, Marie Ganneval, Eyton, Morris Organizations: Nvidia, AMD, Intel, Samsung, SK Hynix, U.S, Infineon, BE Semiconductor, Wall Street, UBS, of America, AllianceBernstein's, ASML, CNBC Locations: United States, TSMC, Belgium, Veldhoven, Netherlands, ASML

☆ European elections 2024: What’s at stake in the world’s biggest multi-country vote
▼ + stars: | 2024-06-06 | by ( Luke Mcgee | ) edition.cnn.com time to read: +11 min

CNN —One of the world’s largest democratic exercises gets underway this week, with some 373 million people across the European Union eligible to vote in elections for the next European Parliament. Pedestrians walk past a banner displayed on the building of the European Parliament in Brussels on May 17, 2024. The European Parliament sits primarily in Brussels, Belgium, but moves roughly once a month to Strasbourg, France. National elections are set to take place in France in 2027, in which right-wing populist Le Pen could emerge victorious. There are EPP members (and certainly ECR members) who will agree with ID members on matters such as immigration and climate change.

Persons: Kenzo Tribouillard, Germany’s Ursula von der Leyen, Ursula von der Leyen, Giorgia Meloni, Yara Nardi, Pen, Emmanuel Macron’s, What’s, Simona Granati, der Leyen, Von der Leyen, it’s Organizations: CNN, European Union, Voters, EU, Getty, European Commission, European Council, Italian, European, European People’s Party, EPP, Progressive Alliance of Socialists, European Conservatives, ECR, Corbis, Von Locations: Ukraine, Gaza, EU, Brussels, AFP, European, Belgium, Strasbourg, France, Lampedusa, China, Europe, Italian, Rome, Italy, Germany

☆ Five Below bought so many Squishmallows that it hurt the discount company's bottom line
▼ + stars: | 2024-06-06 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +1 min

Five Below's sales were hurt due to overstock of Squishmallows and price-sensitive customers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFive Below said its sales were hurt this quarter because it bought far more Squishmallows than its customers wanted. The popular soft toys went viral in the years after their 2017 launch, becoming "Gen Z's Beanie Babies," Business Insider reported in 2020. On Wednesday, Five Below cut its forecasts for the year because of price-sensitive customers who are prioritizing buying food, candy, and drinks over Squishmallows.

Persons: —, Joel Anderson Organizations: Service, Business

☆ Train Crash in Czech Republic Kills 4 and Injures More Than 20
▼ + stars: | 2024-06-06 | by ( Jin Yu Young | More About Jin Yu Young | ) www.nytimes.com time to read: +1 min

A train crash in the Czech Republic late Wednesday killed at least four people and injured more than 20 others, according to officials. A passenger train was bound for Kosice, Slovakia, with roughly 380 passengers on board when it hit a freight train, according to the national Fire and Rescue Service. The crash occurred in Pardubice, a city around 62 miles east of Prague, which is where the passenger train had started its journey. The freight train was carrying calcium carbide, a caustic, flammable chemical compound used in steel manufacturing, among other things. There was no leakage from the crash, according to the Fire and Rescue Service.

Organizations: and Rescue Service, Rescue Service, Pictures Locations: Czech Republic, Kosice, Slovakia, Pardubice, Prague

☆ Top news app in U.S. has Chinese origins and ‘writes fiction’ with the help of AI
▼ + stars: | 2024-06-06 | by ( ) www.cnbc.com time to read: +7 min

Billing itself as "the go-to source for all things local," Newsbreak says it has over 50 million monthly users. "It seems this 'news' outlet's AI writes fiction they have no problem publishing to readers." Billing itself as "the go-to source for all things local," Newsbreak says it has over 50 million monthly users. Two local community programs assisting disadvantaged people told Reuters they were impacted by erroneous stories produced by NewsBreak's AI. The company launched in the U.S. in 2015 as a subsidiary of Yidian, a Chinese news aggregation app.

Persons: Newsbreak, NewsBreak, Harvest912, Jeff Zheng, Zheng, Norm Pearlstine, Pearlstine, paywalls Organizations: Facebook, Reuters, Fox, AP, CNN, NewsBreak, NewsBreak's, Food, Wall Street Journal, Los Angeles Times, LA Times Locations: China, United States, Bridgeton , New Jersey, Small Towns, Mountain View , California, Beijing, Shanghai, America, U.S, Colorado, Erie , Pennsylvania, Yidian, NewsBreak

☆ Airline passenger tracks missing bag to home of airport worker, who is charged with felony theft
▼ + stars: | 2024-06-05 | by ( Rebekah Riess | Forrest Brown | ) edition.cnn.com time to read: +4 min

Junior Geneus Bazile, 29, of Fort Lauderdale has been charged with grand theft in the third degree. Paola Garcia told CNN affiliate WPLG in Miami that she usually takes her suitcase onboard, but this time, she was told she had to check it. In her WPLG interview, Garcia said that Spirit Airlines told her that her luggage had been sent to her house. Garcia told WPLG that she dialed 911. A WPLG video shows pictures of a man holding a plastic bag containing a pink suitcase and holding a laptop.

Persons: Geneus, Paola Garcia, Garcia, WPLG, “, Bazile, Paradies, ” CNN’s Melissa Alonso Organizations: CNN, Hollywood International Airport, Spirit Airlines, WPLG, Apple, Apple Watch, Broward County Sheriff’s, Fort Lauderdale Police Department Locations: Florida, Broward County, Fort Lauderdale, Miami, Belize

☆ Live updates: Boeing and NASA launch Starliner spacecraft
▼ + stars: | 2024-06-05 | by ( Jackie Wattles | Ashley Strickland | ) edition.cnn.com time to read: +1 min

Boeing’s Starliner sits on the launchpad at sunset, at Cape Canaveral Space Force Station in Florida, on Friday, May 31. The entire stack, including the rocket and spacecraft, was rolled back from the launchpad for testing and repairs. Several issues also cropped up during the June 1 launch attempt, which was called with less than four minutes left on the countdown clock prior to liftoff. But moments before liftoff, the ground launch sequencer — the computer that tells the rocket to launch — triggered an automatic hold that prevented the launch. The United Launch Alliance team investigated the issue and replaced the computer over the weekend, and deemed Starliner ready to fly once more.

Persons: Boeing’s Starliner, Joel Kowsky, NASA Starliner, Starliner Organizations: Cape Canaveral Space Force, NASA, Atlas V, V, United Launch Alliance Locations: Florida

☆ Citadel and BlackRock back project to start a national stock exchange in Texas
▼ + stars: | 2024-06-05 | by ( Christine Wang | In Christinejwang | ) www.cnbc.com time to read: +1 min

The Texas flag is seen before the game between the Houston Cougars and the Texas Longhorns at TDECU Stadium on Oct. 21, 2023 in Houston. BlackRock and Citadel Securities are among investors backing a group seeking to start a new national stock exchange in Texas. "Texas's booming economy and the strong economic and population growth among states in the southeast quadrant of the U.S. present incredible opportunities for businesses — and ultimately the Texas Stock Exchange," TXSE CEO James Lee said on LinkedIn. TXSE's website said it will be a "fully electronic, national securities exchange that will seek registration with the U.S. Securities and Exchange Commission." The Dallas Morning News reported TXSE will target companies in the "southeastern quadrant of the U.S." In an interview with the newspaper, Lee thanked Texas Gov.

Persons: James Lee, Lee, Greg Abbott Organizations: Houston Cougars, Texas Longhorns, BlackRock, Citadel Securities, Dallas, Texas Stock Exchange, LinkedIn, Street, New York Stock Exchange, Nasdaq, SEC, U.S . Securities, Exchange Commission, Dallas Morning News, Texas Gov Locations: Texas, Houston, U.S

☆ Diamond industry 'in trouble' as lab-grown gemstones tank prices further
▼ + stars: | 2024-06-05 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +4 min

Diamond prices have fallen 5.7% so far this year, according to Zimnisky's rough diamond index, declining more than 30% from their all-time high in 2022. Lab-grown diamonds, which can be up to 85% cheaper than natural diamonds, are made in a controlled environment using extreme pressure and heat. Lab-grown diamond sales have surged from just 2% of the global diamond jewelry market in 2017 to 18.4% in 2023, according to data provided by Zimnisky. An industry 'in trouble'"The diamond industry is in trouble," Daga told CNBC, adding that he believes natural diamond prices could fall another 15%-20% over the next 12 months. Similar to a natural diamond, a lab-grown diamond is graded based on the 4Cs — clarity, color, cut and carat weight.

Persons: Leon Neal, Duncan Wanblad, De, Paul Zimnisky, De Beers, Marcelo Esquivel, Ankur Daga, Daga, Anish Aggarwal, Lionel Bonaventure Organizations: Afp, Getty, De, BHP, Financial Times, De Beers, CNBC, Daxue Consulting, Bloomberg, Zimnisky Locations: Harrods, London, De Beers, American, China, U.S

☆ Duolingo deletes LGBT references in Russia after warning from Moscow
▼ + stars: | 2024-06-05 | by ( Story Reuters | ) edition.cnn.com time to read: +1 min

Roskomnadzor, Russia’s communication regulator, had written to Duolingo, warning it against publishing material promoting non-traditional sexual relations and LGBT propaganda. “We support LGBTQ+ rights and believe in normalizing LGBTQ+ representation in our content,” a Duolingo spokesperson said. “Unfortunately, local laws prohibit us from including certain content in Russia. “The company Duolingo sent Roskomnadzor a letter in response, in which it confirmed that it had deleted materials promoting non-traditional sexual relations from its training app,” Russian news agencies quoted Roskomnadzor as saying on Tuesday. Russian courts have issued fines for those that violate its “LGBT propaganda” law, including online film distributors and executives.

Persons: “, Vladimir Putin, we’re, ”, Duolingo, Roskomnadzor Organizations: Reuters, Moscow Locations: Russia, Russian

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