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That's because the sulfur dioxide, a pollutant which forms when sulfur-containing fuel such as coal or petroleum oil is burned, reacts with water vapor to produce aerosols that reflect sunlight back into space. The aerosols have a direct cooling effect, though climate scientists note that their contribution to global cooling or warming when they are reduced remains a complex area of research. Extreme temperatures are fueled by the climate crisis, the chief driver of which is the burning of fossil fuels. All of the climate models will give you slightly different answers because of the way that they do their emissions of sulfur dioxide," Haywood said. "So, we are uncertain about how much impact the IMO regulations will have had on global mean temperatures."
Persons: Yuan, Laura Wilcox, everyone's, Jim Haywood, Haywood, You've, Jim Hansen Organizations: United Nations, International Maritime Organization, Ucg, Getty, Communications, University of Maryland, National Centre for Atmospheric Science, University of Reading, El Nino, University of Exeter, CNBC, El, NASA Locations: London, Europe, Tonga
CNN —The White House is pushing to reestablish a program for Gold Star families to honor their loved ones buried in American military cemeteries overseas after the shuttered program was featured in a CNN report, a White House official exclusively tells CNN. Biden administration officials have worked with the American Battle Monuments Commission (ABMC) to restore the program, which allows Gold Star families to have flowers placed on their loved one’s grave at US military cemeteries abroad. “The White House worked with the ABMC and this program will now be re-established,” the official said. For years, Gold Star families who lost loved ones in battle could pay for flowers and have the ABMC deliver them to the grave of their fallen family members in, say, Normandy. Rondy Elliott, a Gold Star daughter, lost her father, Corporal Frank Elliott, during the Normandy invasion 80 years ago.
Persons: CNN’s, Jake Tapper ”, Rondy Elliott, Corporal Frank Elliott, , Biden, Jeff Zients, John Kelly, ” Kelly, Kelly, , , ” “ Organizations: CNN, Gold Star, White House, Biden, Monuments Commission, White, Marine, Star Locations: Normandy, Arlington, America
Add an entry to the list of troubles facing President Emmanuel Macron of France less than two weeks before pivotal legislative elections: potential financial penalties by the European Union for failure to rein in the nation’s ballooning deficit and debt. Mr. Macron threw French politics into disarray earlier this month by calling for snap parliamentary elections after his party was battered by the far right in European Parliament elections. The fiscal warning by E.U. authorities set the stage for a possible confrontation between Brussels and Paris. institutions, and want to ease rather than tighten fiscal policy.
Persons: Emmanuel Macron, Macron Organizations: European Union, National, Marine, National Rally, New Locations: France, Brussels, Paris
CNN —Scientists have discovered a 246 million-year-old marine reptile fossil, the oldest of its kind to be found in the Southern Hemisphere, shining a new light on the early evolution of marine mammals. Sauropterygians were ancient aquatic reptiles that existed for around 180 million years during the Mesozoic era, 251 to 66 million years ago. However, their early evolution had only been known from fossils found in the Northern Hemisphere, according to the study published in the journal Current Biology Monday. Many fossils are being found all the time, and this material was deposited in New Zealand’s National Paleontological Collection, Kear said. The study suggests these ancient marine reptiles were going around Earth’s poles, swimming all the way around the supercontinent as a continuous coastal highway, Kear said.
Persons: Benjamin Kear, ” Kear, Earth’s, Mount, Kear, Robert Ewan Fordyce, , Nothosaurs, sauropterygians, , Organizations: CNN —, Southern, Northern, Uppsala University’s Museum, Evolution, CNN, Mount Harper Locations: Europe, China, Wyoming, United States, British Colombia, Canada, Uppsala, Sweden, New Zealand, New, Southern, Svalbard, Norwegian
It was a whale of an evacuation. As Russian aerial bombardments of Kharkiv, Ukraine’s second-largest city, have intensified, the evacuation of Plombir, a 15-year-old male, and Miranda, a 14-year-old female, came just in time, marine mammal experts said. “If they had continued in Kharkiv, their chances of survival would have been very slim,” said Daniel Garcia-Párraga, director of zoological operations at Oceanogràfic de Valencia, who helped lead the rescue. Belugas, whose natural habitat is the Arctic, need cold water to survive. The devastation of the power grid in Kharkiv meant that the aquarium there had to rely on generator power, making it challenging to keep the waters cooled.
Persons: Miranda, , Daniel Garcia, Párraga, Oceanogràfic de Valencia Organizations: Oceanogràfic de Locations: Kharkiv, Ukraine, Valencia, Spain, Russian, Ukraine’s, Plombir
Editor’s Note: Call to Earth is a CNN editorial series committed to reporting on the environmental challenges facing our planet, together with the solutions. Rolex’s Perpetual Planet Initiative has partnered with CNN to drive awareness and education around key sustainability issues and to inspire positive action. CNN —A photograph of a solitary man walking along terraces in China, rust-red rivers in Alaska and a gargantuan western red cedar are among the winning images of the Earth Photo 2024 competition. More than 1,900 images and videos were submitted to this year’s competition by photographers and filmmakers from all over the world. “Bringing us closer to landscapes, wildlife and communities from across the planet in this way sparks new conversations and reflections.
Persons: , Parker Harris –, Jean, Marc Caimi, Valentina Piccinni, , Francesco Verri, ” Louise Fedotov, Clements, , Jennifer Adler’s, Marc Lathuillière, Mike Seddon, Fedotov Organizations: CNN, Initiative, Forestry England, Royal Geographic Society, Geographical Society, Photoworks, Forestry Locations: China, Alaska, Jean, Colombia, Forestry England
One of the field’s top fund-raisers, Krystle Kaul, faces charges of embellishing her résumé well beyond the usual flourishes of a political campaign. Ms. Filler-Corn was the first woman and first Jewish speaker of the Virginia State House. Mr. Helmer is a Rhodes scholar and an Army veteran who served in Afghanistan, Iraq, and as a member of the Virginia House. Then last week, an anonymous Democratic official, speaking through her lawyer, accused Mr. Helmer of groping her and later making sexually crude remarks. “That would be presumptuous.”Democratic voters in the district peppered by texts attacking Mr. Helmer could be forgiven if they do not know where to turn.
Persons: Dan Helmer, Eileen, Krystle Kaul, Suhas Subramanyam, Jennifer Wexton, Subramanyam, Helmer, Barbara Comstock, Donald J, Trump, Mr, , Ms, Wexton, Helmer of groping, Kaul, Michele Davis Younger, , Will Reinert, Subramanyam’s, Aliscia Andrews, Alexander Isaac, Avram Fechter Organizations: Congressional, Democratic, Senate, Republican, Virginia State House, Army, Virginia State House Democrats, Washington Post, Loudoun County Democratic Party, National Organization for Women, , Republicans, Democrat, National Republican Congressional, ” Democratic, Virginia Democratic, Federal, Commission, PAC, United States Central Command, Department of Defense, Marine Corps, Loudoun County Democratic Locations: Washington, Israel, Virginia, Rhodes, Afghanistan, Iraq, Democratic, Loudoun County, Va
Here are seven things I wish people knew before they visited Hawaii so they can be educated, more responsible tourists. In fact, according to census data obtained in September 2023, more Native Hawaiians live on the mainland than in the Hawaiian Islands. Hawaii used to be its own kingdom until the Hawaiian monarchy was overthrownBefore becoming the 50th state, Hawaii was a thriving sovereign nation. In Hawaii, 'aloha' has a much deeper meaning than 'hello'You may know that "aloha" is used as a greeting to mean "hello" or "goodbye." So, if you do plan on visiting Hawaii, it's important to also have aloha for the land and its people.
Persons: , Jennifer Adams, Queen Liliuoukalani, Linka A Odom Organizations: Service, Business, Tourism, CBS Locations: Honolulu, Hawaii, Alaska, Japan, Hawaiian
CNN —A Russian court on Wednesday sentenced a US soldier to three years and nine months in a penal colony on charges of theft and threatening murder, state news agency RIA Novosti reported. Gordon Black was arrested in May on charges of theft in the far eastern city of Vladivostok, where he had traveled to visit a woman, believed to be his girlfriend. Black was also accused of assaulting the woman during a quarrel. The US soldier did not admit to charges of threatening to kill the woman, but partially admitted guilt to theft charges, RIA Novosti previously reported. Black will appeal the sentence handed down by the court in Vladivostok, his lawyer said Wednesday, according to TASS.
Persons: Gordon Black, Black, Paul Whelan, Evan Gershkovich, Gershkovich Organizations: CNN, RIA Novosti, Staff, TASS, RIA, US State Department, Wall Street, Wall, Journal Locations: Vladivostok, Russia, South Korea, Pervomaisky, Washington, Moscow, Ukraine, Yekaterinburg
Read previewNorth Korea and South Korea have been fueling opposite sides of the war in Ukraine, positioning themselves as players in this conflict. Coming out of pandemic lockdowns, North Korea is navigating international relations to find the situations that are most advantageous for it. The agreement details are not clear, but it appears that South Korea sent ammo to replenish US stockpiles, which was then sent to Ukraine. STR via Getty ImagesBoth North Korea and South Korea also have ideological reasons to be involved in the war in Ukraine. South Korea has long had close trade relationships with China in particular and remains concerned about how Russia could influence or empower North Korea, risking war on the peninsula.
Persons: , aren't, Vladimir Putin, Kim Jong Un, Yoon, Chris Park, Burke, it's, Caesar, LIONEL BONAVENTURE, Getty Images Kim, Putin's, Kim, Donald Trump, Nancy Pelosi, Putin, Wolfgang Schwan, Mark Cancian, Cancian, Kim Il, Park Organizations: Service, Business, North, Arleigh, Center for Strategic, International Studies, CSIS, South, Getty Images, Russia, Getty, Marine, Korean Central News Agency, North Korea — Locations: Korea, South Korea, Ukraine, Russia, Pyongyang, Russian, United States, North Korea, Europe, Ukrainian, Tarbes, France, North, Hanoi, China, Taiwan, Moscow, Korean, Donetsk Oblast, Anadolu, Park, Iran
At the time, Mr. Biden was widely expected to be Mr. Trump’s opponent in the 2020 election. Eugene Vindman, who was dismissed from the White House early in 2020, he says as improper retaliation for his whistle-blowing actions, raised a remarkable sum of money for a first-time candidate. “I sacrificed my military career to expose Trump’s corruption,” Eugene Vindman said in one of his campaign ads. His election to the House is not guaranteed. But Glenn Youngkin, a Republican, won the district the year before by 4.9 points en route to winning the governor’s mansion.
Persons: Mike O’Brien, Janelle Stelson, Scott Perry, Trump, Volodymyr Zelensky, Biden’s, Hunter, Biden, Alexander Vindman, Eugene Vindman, , ” Eugene Vindman, Spanberger, Glenn Youngkin Organizations: Marine Corps, Pennsylvania Democratic, Trump Republican, Army, White House National Security Council, Ukraine’s, Mr, Democrat, Republican Locations: Pennsylvania, Washington’s, Richmond
CNN —A US soldier arrested in Russia on suspicion of theft, Staff Sgt. Gordon Black, has appeared in court in the Russian city of Vladivostok, as his trial got underway on Monday. Black did not admit to charges of threatening to kill a Russian woman, but partially admitted guilt to theft charges, according to Russian state news agency RIA Novosti. Black was arrested in May on charges of theft in Vladivostok, where he traveled to visit the woman, believed to be his girlfriend. The trial comes against the backdrop of heightened tensions between Washington and Moscow, as Russia’s invasion of Ukraine rages on.
Persons: Gordon Black, Black, Cynthia Smith, Evan Gershkovich, Marine Paul Whelan Organizations: CNN, RIA Novosti, US Defense Department, US State Department, Street, Marine, RIA Locations: Russia, Russian, Vladivostok, Korea, South Korea, Washington, Moscow, Ukraine, Pervomaisky
Matthieu Delaty | Afp | Getty ImagesFrance's election campaign kicked off in earnest Monday following a weekend of violent nationwide protests against the far-right National Rally, or RN, whose record European Parliament gains sparked the snap vote. Protesters gather during an anti far-right rally after French president called legislative elections following far-right parties' significant gains in European Parliament elections, in Paris on June 15, 2024. More likely, however, is a "messy" hung parliament, he said — part of Macron's gamble to discredit RN's legitimacy ahead of the 2027 presidential elections. French stocks gained on Monday, with Goldman Sachs' senior European strategist Sharon Bell saying that the sell-off may have been premature. Protesters gather during an anti-far-right rally after French President Emmanuel Macron called legislative elections following far-right parties' significant gains in European Parliament elections in Paris on June 15, 2024.
Persons: Matthieu Delaty, Jordan Bardella, France's Le, Lou Benoist, Emmanuel Macron's, Mujtaba Rahman, Mujtaba, Goldman Sachs, Sharon Bell, Bell, CNBC's, Emmanuel Macron Organizations: National Rally, Afp, Getty, France's Le Monde, CGT, CNBC, Union, Eurasia, CAC, Generale, Protesters Locations: Lyon, France, Paris, Europe
CNN —American journalist Evan Gershkovich will stand trial behind closed doors in the Russian city of Yekaterinburg starting on June 26, state-run news agency TASS reported Monday, citing the court’s press service. The Russian Prosecutor General’s office said last Thursday it had approved the indictment and referred Gershkovich’s case to a trial court. On Thursday, US State Department spokesperson Matthew Miller said the allegations against Gershkovich have “absolutely zero credibility.”“We have been clear from the start that Evan has done nothing wrong. He should be released immediately,” Miller said at a State Department briefing. Gershkovich is among a number of Americans being held in Russia, including former Marine Paul Whelan, whom the US State Department has also declared as wrongfully detained.
Persons: Evan Gershkovich, General’s, Gershkovich, “ Gershkovich, Matthew Miller, , Evan, ” Miller, Paul Whelan Organizations: CNN, Wall Street, Sverdlovsk Regional Court, US State Department, State Department, US Locations: American, Russian, Yekaterinburg, Sverdlovsk, Moscow’s, Washington, Moscow, Ukraine, Russia
CNN —An oil spill affecting Singapore has spread beyond a luxury beach resort to a marine reserve and other parts of the island as the authorities intensify cleanup efforts. The oil spilled into the city-state’s waters after a Netherlands-flagged dredger, Vox Maxima, hit Singapore-flagged bunker vessel, Marine Honor, on Friday afternoon, according to the Maritime and Port Authority of Singapore. The oil spill has spread from the busy Pasir Panjang Terminal cargo port, less than 10 kilometers (six miles) from Sentosa, the country’s popular resort island home to luxury hotels, golf courses and Universal Studios Singapore. Oil covers Sentosa's Tanjong Beach in Singapore on June 16, 2024. Measuring about 13 kilometers long (8 miles) long, 19 kilometers (11.8 miles) wide and dotted with several small islands, it is one of the world’s busiest commercial waterways where around 1,000 ships pass through every day.
Persons: Vox Maxima, Hari Raya Haji, John’s, Lazarus, Kusu, Roslan Rahman Organizations: CNN, Maritime, Port Authority of, Universal Studios Singapore, National Parks Board, Friends, Marine, Getty Images Authorities, Marine Stewards Locations: Singapore, Netherlands, Port Authority of Singapore, Pasir Panjang, Sentosa, Hari, Tanjong, Palawan, Siloso, St, Beach, AFP, China
Successful Russian glide bomb attacks on a village in the Kherson region have fallen from 80 a day to four, an officer said. Russia has increasingly targeted Ukraine with glide bombs, some weighing over 3,000 pounds. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAn Marine's officer fighting to defend the strip of land Ukraine has occupied on the left bank of the Dnipro River said that US aid has helped reduce the number of successful Russian glide bomb attacks on his squad's position.
Persons: , Major Serhiy Pedenko Organizations: Service, Times, 38th Marine Brigade, Business Locations: Kherson, Russia, Ukraine, Dnipro, London
Washington CNN —America’s top central banker recently said the job market now looks the way it did before the Covid-19 pandemic drastically upended society. Before the Bell spoke with Julia Pollak, chief economist at jobs site ZipRecruiter, about her views of the job market. Before the Bell: Do you agree with Chair Powell’s view that today’s job market is back to a pre-pandemic normal? Why is the job market slower now? The number of job openings is higher than it was by around 15% or so, but online job postings are actually lower by ZipRecruiter’s count.
Persons: Washington CNN —, , Jerome Powell, Powell, it’s, Bell, Julia Pollak, they’re, They’re, Olesya Dmitracova, Emmanuel Macron, Read, Patrick Harker, Lisa Cook, Tom Barkin, Susan Collins, Adriana Kugler, Lorie Logan, Alberto Musalem, Goolsbee Organizations: CNN Business, Bell, Washington CNN, Fed, Labor, EU, National, New York Fed, Manufacturing Index, Reserve Bank of Australia, US Commerce Department, Federal Reserve, National Association of Home Builders, Accenture, Kroger, Darden, Bank of England, US Labor Department, Philadelphia Fed, Richmond Fed, Global, National Association of Realtors Locations: Washington, France, Wells Fargo
Read previewRussian soldiers have been surrendering to an elite Ukrainian combat brigade in the northern town of Vovchansk in the Kharkiv region, reports say. A video released on Wednesday by Ukraine's 3rd Assault Brigade appears to show Russian troops emerging from a trench with their hands raised above their head or tied behind their backs. Several of the captured soldiers said they had been forced into the Russian army due to financial or legal trouble. An earlier video published on June 6 by Ukraine's 36th Marine Brigade, appeared to show two Russian soldiers, both wounded, being captured during a Ukrainian counterattack in Vovchansk. AdvertisementIn February, some 30,000 Russian troops began pouring over Ukraine's northern border into the Kharkiv region, opening up a new front for Ukraine's already-stretched defenses.
Persons: , Nazar Voloshyn, Voloshyn, John Kirby, Putin, Ann Marie Dailey, Dailey Organizations: Service, Ukraine's 3rd Assault Brigade, Business, 3rd Assault Brigade, Khortitsiya, Command, Ukraine's 36th Marine Brigade, White House National Security Communications, RAND, Putin Locations: Ukrainian, Vovchansk, Kharkiv, Moscow, Ukraine's, Russian, Belgorod, Russia
French President Emmanuel Macron promptly turned the country on its head by announcing a snap legislative election. Marine Le Pen addresses her supporters alongside National Rally President Jordan Bardella during an event on Sunday following the European elections. Marion Marechal addresses supporters of her party, Reconquest, alongside party president Eric Zemmour, left, on Sunday. In his statement on X, formerly Twitter, he refuted Marechal’s accusations that he had sunk a deal with National Rally. The fact of Ciotti’s endorsement, even if rejected by others in his traditionalist party, indicates how far National Rally has moved into mainstream politics.
Persons: defenestrated, Emmanuel Macron, , , there’s, acolyte Jordan Bardella, Macron’s, Jordan Bardella, Julien de Rosa, Eric Ciotti, Republicans –, , Le Pen’s, Valerie Pecresse, Ciotti, Stephane de Sakutin, Marion Marechal, Eric Zemmour, Marechal, Zemmour, “ Let’s, BFMTV, “ She’s, Ian Langsdon, Le, Julen Chavin Organizations: Paris CNN —, National, National Rally, Republicans, Paris, Facebook, , Getty Locations: France, France’s, AFP, Paris, Thusrday
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe arrival of a new type of aircraft for Ukraine will give it an advantage it's not had before, and will help boost the effectiveness of its promised F-16s, experts told Business Insider. Sweden announced late last month that it is giving Ukraine two ASC 890 airborne control and surveillance aircraft, which act as command centers in the air. They remain highly vulnerableDuring the war, Russia has been using its own A-50 Airborne Early Warning & Control aircraft to monitor Ukraine's air space and coordinate attacks. AdvertisementThe experts said hanging back is also likely the best approach for Ukraine's first F-16s, so the jets can protect cities and infrastructure while staying away from most of Russia's weaponry.
Persons: , it's, Ukraine Tim Robinson, Pal Jonson, Jose Miguel T, Mark Cancian, Peter Layton, Alexander Zemlianichenko, Layton, Cancian Organizations: Service, Ukraine, Business, UK's Royal Aeronautical Society, Swedish, US Air Force, Marine, Center for Strategic, International Studies, Griffith Asia Institute, Royal Australian Air Force, Control, AP, Aircraft Locations: Ukraine, Sweden, Swedish, Russia, Denmark, Netherlands, Norway, Belgium
El Niño Is Over. What Does That Mean for Summer?
  + stars: | 2024-06-14 | by ( Austyn Gaffney | ) www.nytimes.com   time to read: +1 min
El Niño, the natural climate pattern linked to warmer conditions in the tropical Pacific Ocean, has ended, the National Oceanic and Atmospheric Administration announced on Thursday. The counterpart pattern known as La Niña, defined by cooler equatorial sea surface temperatures, is expected to develop soon. A strong El Niño has cycled through the atmosphere since last June, leading to a wetter than normal winter, especially in the Southeast and in California, where a mind-boggling 51 atmospheric rivers dumped rain and snow. That’s because, while El Niño conditions can rip apart storms that develop in the Atlantic Basin, hurricanes and tropical cyclones are more likely to form under La Niña. Calm conditions produced by La Niña combined with warm ocean temperatures will intensify the activity likely to occur during hurricane season.
Persons: El Niño, La Niña Organizations: National Oceanic, Atmospheric Administration, La Locations: California, El
Along with the Māori of New Zealand and groups from the Cook Islands, Indigenous leaders from Tahiti, Tonga, Hawaii, and Easter Island signed the He Whakaputanga Moana treaty. In the coming months, she plans to engage with various countries throughout the Pacific to discuss whale personhood legislation. The Cook Islands office said it had “yet to receive a formal submission” from indigenous leaders on the declaration’s implementation. Māori King Tūheitia Pōtatau and Tou Travel Ariki, Cook Islands President of the House of Ariki, at the signing of the He Whakaputanga Moana declaration in Rarotonga, Cook Islands. This came after a global ban on commercial whaling was instituted by the International Whaling Commission in 1986.
Persons: Mere, , Tūheitia Pōtatau, Josh Baker, ” March’s, , Takoko, Britain’s King Charles III, Moana, Māori, Michelle Bender, ” Bender, Carlos Duarte, Ralph Chami, Chami, Miguel Medina, ” Chami, Duarte, Emily Charry Tissier, Charry Tissier, ” Duarte Organizations: Hong Kong CNN, Easter, Conservation, Fund, Nature, Conservation International Aotearoa, Ocean Initiative, New Zealand, Nations, New, Commonwealth, CNN, RNZ, New Zealand’s Ministry of Foreign Affairs, Trade, ’ Office, International Whaling Commission, Ocean, King Abdullah University of Science, Technology, Bahia, Natural, Getty, , International Monetary Fund, Initiative, United Nations Locations: Hong Kong, Rangitukia, New Zealand’s, Cook, New Zealand, Cook Islands, Tahiti, Tonga, Hawaii, Moana, Rarotonga, Atlantic, New, Te Whānau, Pacific, Samoa, Whanganui, , Zealand, , New Zealand, Wellington, Seattle, Japan, Washington ,, Bahia Malaga, Colombia, AFP
President Emmanuel Macron called the snap elections Sunday after his party lost to the far right in a vote for EU lawmakers, a shock move that rattled markets for French stocks and government bonds. There has been widespread speculation since then that the National Rally, the party of far-right doyenne Marine Le Pen, is poised to become the most powerful force in parliament, unseating Macron’s centrist bloc. The risk of something similar happening in France is real, according to the country’s finance minister, Bruno Le Maire. “This comes down to the (parties’) plans that are on the table, whether we can, yes or no, finance this debt,” Le Maire said. The National Rally has promised to raise public spending and slash VAT on electricity and fuel.
Persons: Emmanuel Macron, Pen, , Truss, Bruno Le Maire, Le Maire, , ” Le Maire, ’ jitters, Ludovic Marin, La Tribune Dimanche, Frank Gill, Moody’s, ” Joseph Ataman, Mark Thompson Organizations: London CNN —, EU, National, , AAA, Getty Images Stock, haven’t, CNN, BFMTV, La Tribune, National Rally, European Central Bank, ECB Locations: France, ‘ France, French, Portugal, Europe, Italy, AFP, Paris, London
A growing realization that President Emmanuel Macron’s decision to hold snap elections in France may backfire sent the French stock market tumbling on Friday to its lowest level in two years, and prompted warnings from the French finance minister that the economy risks stumbling into a financial crisis. Amid growing signs that Marine Le Pen’s far-right party may be ushered to the brink of power, France’s benchmark stock index, the CAC 40, slumped 2.7 percent. The losses capped a weeklong losing streak that sent shares down more than 6 percent, wiping out all the bourse’s gains since the start of the year. Among the hardest hit stocks were France’s biggest banks, including BNP Paribas and Société Générale, which hold hefty amounts of French sovereign debt. Equally worrisome, the risk premium that investors demand to hold French government bonds over Germany’s, a eurozone benchmark, rose to the highest since 2017, the biggest weekly jump since 2012, when the euro debt crisis was underway.
Persons: Emmanuel Macron’s, Société Organizations: CAC, BNP Locations: France
Read previewThe G7 summit has long been a showcase of global leadership and power. But 2024's group of leaders appears to be one of the weakest that has attended the summit for some time. French President Emmanuel Macron, Italian Prime Minister Giorgia Meloni, US President Joe Biden, and Japanese Prime Minister Fumio Kishida at the G7 summit. 'Brittle at best'Payne argued that some of the G7 leaders aren't outright weak; rather, they face circumstances that threaten their authority. And right now, the domestic foundations of most of the G7 leaders are brittle at best," he added.
Persons: , Inderjeet Parmar, Emmanuel Macron, Olaf Scholz's, Rishi Sunak, Giorgia Meloni, Joe Biden, Fumio Kishida, Antonio Masiello, Andrew Payne, Payne, Donald Trump, Hunter Biden's, Parmar, aren't Organizations: Service, Business, Politico, City University of London, EU, Olaf Scholz's Social Democrats, Christian Democrats, Social Democrats, White House Locations: Canada, France, Germany, Italy, Japan, Italian, Ukraine
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