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China cut its one-year benchmark lending rate on Monday, which is set to further weigh on banks' NIM. Chinese commercial banks' NIM shrank sharply to 1.74% last quarter from 1.91% at the end of 2022, official data showed. Shares of China's biggest five banks have been sliding since early May amid concerns over the weakening economy. Debt-laden municipalities represent a major risk to China's economy and financial stability, after years of over-investment in infrastructure and plummeting returns from land sales. Still, there's really no getting around the fact that banks will need to sacrifice profitability to support the economy this year," Beddor added.

Persons: Florence, headwinds, Gary Ng, NIM, Christopher Beddor, there's, Beddor, Ziyi Tang, Ryan Woo, Sumeet Chatterjee, Himani Organizations: Bank of Communications, Fair for Trade, Services, REUTERS, China Construction Bank, Corporate, Investment Banking, Industrial, Commercial Bank of China, Bank of Communications Co, Agricultural Bank of China, JPMorgan, Thomson Locations: Beijing, China, BEIJING

☆ Olive oil is in trouble as extreme heat and drought pushes the industry into crisis
▼ + stars: | 2023-08-19 | by ( Laura Paddison | ) edition.cnn.com time to read: +6 min

CNN —There is a crisis brewing in the olive oil industry. The situation is all the more concerning as it comes on the heels of a bad olive harvest last year, following Europe’s hottest summer on record. In Spain, the world’s biggest olive oil producer, production plunged to roughly 620,000 metric tons, compared to the five-year average of around 1.3 million metric tons, said Holland. This summer, heat gripped swaths of the Mediterranean region, bringing a “heat hell” scientists say would have been virtually impossible without climate change. “It’s getting to the stage where the concerns are significant not just for olive oil but for a lot of crops,” Holland said.

Persons: Kyle Holland, “, ”, Walter Zanre, Filippo Berio, Carlos Gil, Farmer Cristobal Cano, Jorge Guerrero, Holland, Zanre, ” Holland, It’s, Corey Lesk, Lorenzo Bazzana, Bazzana, Claudia Greco, Burger King, Nicholas Paulson, ” Paulson, “ We’re, ” Lesk Organizations: CNN, Getty, International Olive Council, Dartmouth College, “, Reuters, University of Illinois Locations: Europe, Spain, Holland, Jaen, AFP, Italy, Greece, Emilia, Romagna, Forli, India, South, University of Illinois Urbana, Champaign

☆ The Outlook for the Economy Has Improved. And Yet.
▼ + stars: | 2023-08-18 | by ( Jeff Sommer | More About Jeff Sommer | ) www.nytimes.com time to read: +2 min

The U.S. economy continues to be buffeted, if not battered, by supply and labor shocks induced by the pandemic and by commodity shortages set off by Russia’s war with Ukraine. Oil prices have been rising again, partly because of restrictions on Russian oil, and partly because of voluntary production cuts by Saudi Arabia and other members of the OPEC Plus consortium aimed at squeezing more profits from fossil fuel. Furthermore, China’s slowdown is weighing on the global economy. Still, on the positive side, falling prices there can be expected to contribute, even if only marginally, to disinflation in the United States and elsewhere around the world. In addition, political polarization in the United States is beginning to dim the country’s financial luster.

Persons: Carl Hulse Organizations: OPEC Plus, Treasury, Fitch, reconvenes Locations: U.S, Ukraine, Saudi Arabia, disinflation, United States

The Adyen share plunge "was because expectations were much higher. Analysts believed that Adyen would take significantly more share in this difficult market environment," said Jefferies equity analyst Hannes Leitner. Was the share price reaction justified? One European equities trader, who asked not to be named, noted there were orders to sell Adyen shares at any price and referred to "apocalypse selling." According to data from Refinitiv, 17 analysts rated Adyen "buy", 12 "hold", and 4 "sell" before the earnings announcement.

Persons: Eva Plevier, Jefferies, Hannes Leitner, Refinitiv, Adyen, Worldline, Italy's, Marco Simion, Pieter van der, ”, Samuel Indyk, Elizabeth Howcroft, Danilo Masoni, Toby Sterling, Dhara, Alun John, Cynthia Osterman Organizations: REUTERS, Analysts, Citigroup, UBS, KPMG, Privately, Thomson Locations: Amsterdam, Netherlands, MILAN, North America, Swiss, Adyen, EMEA, Refinitiv, London, Milan

It's our loved ones," Pelletier said, relating the instructions that a director of the Federal Emergency Management Agency gave rescue workers in a briefing. Reuters Graphics Reuters GraphicsEven as Hawaii officials promised more help for the displaced, some Lahaina residents were taking matters into their own hands. Officials declined to estimate how many remained unaccounted for but promised they were meticulously verifying the status of all. The database includes names collected from "missing persons" notices posted at shelters as well as information submitted by loved ones. Reuters GraphicsBar chart shows visitor spending share of GDP to Maui and Hawaii which are much higher than that for the entire U.S.

Persons: Jorge Garcia KAHULUI, John Pelletier, It's, " Pelletier, Patience, Kanamu, Balindin, Pelletier, Shelee Kimura, ”, Kimura, Josh Green, Jeremy Greenberg, Chris Young, Green, Jorge Garcia, Mike Blake, Brendan O'Brien, Rich McKay, Andrew Hay, Brad Brooks, Sharon Bernstein, Dan Whitcomb, Frank McGurty, Jonathan Oatis Organizations: REUTERS, Maui County Police, Federal Emergency Management Agency, Reuters Graphics Reuters, Hawaiian Electric Industries, Hawaiian Electric, Federal Emergency Management, Cross, Reuters, Thomson Locations: Lahaina, Maui, Hawaii, U.S, Maui County, buffeted, “, California

Tokyo, Japan CNN —Evacuation warnings have been issued to more than 237,000 people across 11 prefectures in Japan as Typhoon Lan hit the west of the country on Tuesday, according to Japan’s Fire and Disaster Management Agency. At least 26 people have been injured in five prefectures across western Japan, according to Japan’s public broadcaster NHK, citing police and fire officials. In two towns in Tottori and Okayama prefectures, rainfall over a few hours on Tuesday exceeded the average for the entire month of August. A swollen river as Typhoon Lan makes landfall in Shingu City, Wakayama Prefecture on Tuesday. Typhoon Lan follows Typhoon Khanun, which lashed southwestern Japan with wind and rain earlier this month.

Persons: Typhoon Lan, Lan, Takumi Harada, Koji Ito, Khanun Organizations: Japan CNN, Disaster Management Agency, NHK, Japan Meteorological Agency, Yomiuri Shimbun, Japan’s Ministry of Land, Infrastructure, Tourism, CNN, Japan Airlines, All Nippon Airlines, ANA Locations: Tokyo, Japan, Shionomisaki, Japan’s Wakayama, Tottori, Okayama, Shingu City, Wakayama Prefecture, Nagoya City, Aichi Prefecture, Kansai, Chubu, Nagoya

Those winds also battered power lines on the island, and dramatic videos show lines swaying and being toppled in the gusts. Now, some locals are casting blame on Hawaiian Electric, the state’s biggest utility, for not shutting off power to high-risk areas – and claiming that its power lines could have sparked the deadly fire. State officials were well aware of the danger posed by downed power lines during hurricanes. A 2021 state report noted that “downed power lines” and “residential and wildland fires” were hazards related to hurricanes. Maui Mayor Richard Bissen said Thursday that power lines that were “still energized” had fallen on the roads.

Persons: Shane Treu, Treu, ” Treu, kindling, Lisa Treu, –, ”, “, Hurricane Dora, “ inexcusably, Jim Kelly, ” Kelly, Kelly, Richard Bissen, Yuri Iwamura, hydrants –, Cole Millington, Millington, Bradford Ventura, Adam Weintraub, ” Weintraub, Jill Tokuda, Keahi Ho, John Stufflebean, Josh Green, Anne Lopez, ” Green, “ It’s, Dora, Abby Frazier, Dora inched, Josh Stanbro Organizations: CNN, Hawaii Army National Guard, Hawaii National Guard, Reuters, Electric, National Weather Service, Hawaiian Electric Company, Public Utilities Commission, Hawaii Wildfire Management Organization, Maui, Volunteers, Getty, Facebook, Bradford, Hawaii Emergency Management Agency, Democrat, New York Times, Maui County Department of Water Supply, Times, Government, Hawaii Gov, Clark University Locations: Mauna, Lahaina, Maui, Hawaii, County, California, Paradise, West Maui, Maalaea, AFP, “, Maui County, United States, Massachusetts

☆ Twenty-two Russian diplomats leave Moldova as relations slide
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +2 min

CHISINAU, Aug 14 (Reuters) - Twenty-two Russian diplomats flew out of the Moldovan capital of Chisinau on Monday, leaving behind a skeleton staff as relations between the two countries deteriorated after Moldova last month ordered Moscow withdraw most of its delegation. Moldovan officials have said the reduction of staff at the Russian embassy to 25 from 80 will establish parity with Moldova's embassy in Moscow. Moldovan media outlets published a video of two buses being escorted out of the Russian embassy by police and driving in the direction of the airport. According to Moldova's foreign ministry, no more than 10 Russian diplomats and 15 support staff can remain in Chisinau from Tuesday. Russia's foreign ministry said on Monday evening that employees of Russian institutions - the embassy, trade mission and Russian centre for science and culture - and their family members who were forced to leave Moldova had already returned to Moscow.

Persons: Maia Sandu, Sandu, Alexander Tanas, Maxim Rodionov, Max Hunder, Nick Macfie, Cynthia Osterman Organizations: Moldovan, Reuters, Thomson Locations: CHISINAU, Chisinau, Moldova, Moscow, Russian, Moscow ., Soviet, Ukraine, Moldovan, Sochi, Russia, Romania

☆ No Place Is Home, for the Immigrant Hero of This Debut Novel
▼ + stars: | 2023-08-05 | by ( Katie Kitamura | ) www.nytimes.com time to read: +2 min

It becomes clear that there is a narrative explanation for the radical passivity of our protagonist. At first his nature seems akin to a reflective surface, a mirror held up to a world without sense. Instead, at home nowhere in particular, least of all in his own mind and persona, he sheds the constituent parts of his being, piece by piece. What initially seems like passivity becomes a kind of surrender, not least to the lure of obliteration. “I would never be able to find out why my life had been the way it was.

Persons: Cary Grant’s, ”, “, ” Binyam Locations: Unflappable, North, Northwest

☆ China's capital Beijing battered by heaviest rainfall in 140 years
▼ + stars: | 2023-08-02 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Massive rescue and relief efforts are underway in response to typhoon-induced torrential rains in Beijing. China's capital Beijing has been pummeled by the heaviest rainfall in 140 years, leaving at least 20 dead. China has been buffeted by heavy storms as Typhoon Doksuri swept north after slamming southern Chinese provinces. Doksuri made landfall in China's Xiamen and Quanzhou on Monday morning, and caused "severe flooding in Beijing," according to a report by the NASA Earth Observatory. The typhoon was one of the worst storms to hit northern China in years, and the torrential rain in Beijing has killed at least 20 people as of Tuesday.

Persons: Doksuri Organizations: Beijing Meteorological Bureau, NASA, Observatory Locations: Beijing, China, Doksuri, China's Xiamen, Quanzhou

☆ TSX starts month on weak note as China slowdown hits sentiment
▼ + stars: | 2023-08-01 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

A sign board displaying Toronto Stock Exchange (TSX) stock information is seen in Toronto June 23, 2014. The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended down 93.71 points, or 0.5%, at 20,532.93, after posting its highest closing level in three months in the previous session. The materials group, which includes precious and base metals miners and fertilizer companies, lost 1.8% as gold and copper prices fell. Shares of Silvercrest Metals (SIL.TO) were particularly weak, plunging 21.5% after two brokerages cut their price target on the stock. The TSX notched a gain of 2.3% in July, while it has advanced 5.9% since the start of the year.

Persons: Mark Blinch, Robert McWhirter, Fergal Smith, Siddarth, Shilpi Majumdar, Cynthia Osterman Organizations: Toronto Stock Exchange, REUTERS, Metals, Toronto Stock, Selective Asset Management Inc, Canada's, Silvercrest Metals, TSX, Thomson Locations: Toronto, China, Coast, Bengaluru

☆ Canadian factory activity slows for third straight month in July
▼ + stars: | 2023-08-01 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

[1/2] Factory workers operate machine presses at Abipa Canada in Boisbriand, Quebec, Canada May 10, 2023. The S&P Global Canada Manufacturing Purchasing Managers' Index (PMI) rose to a seasonally adjusted 49.6 in July from 48.8 in June. "July's PMI results offered a rather mixed bag on the performance of the Canadian manufacturing sector," Paul Smith, economics director at S&P Global Market Intelligence, said in a statement. The new orders index, at 49.2, was in contraction for the fifth straight month, although up from 48.5 in June. The port strikes and wildfires limited the improvement in vendor performance, S&P Global said.

Persons: Evan Buhler, Paul Smith, Fergal Smith, Paul Simao Organizations: Canada, REUTERS, Reuters Connect TORONTO, P Global Canada Manufacturing, PMI, P Global Market Intelligence, Bank of Canada, Canada's, P Global, Thomson Locations: Boisbriand, Quebec, Canada, United States

☆ Russian embassy in Moldova to suspend consular appointments
▼ + stars: | 2023-07-30 | by ( Alexander Tanas | ) www.reuters.com time to read: +1 min

CHISINAU, July 30 (Reuters) - Russia's embassy in Moldova has announced it will temporarily stop providing appointments for consular matters in what Moldovan officials say is a situation linked to the order by the country's authorities to reduce staff. A statement issued by the embassy late on Saturday said consular appointments would be suspended from Aug. 5 "for technical reasons." Moldovan officials say the order to reduce staff at the Russian embassy to 25 from the current level of more than 80, to take effect from Aug. 15, will establish parity with Moldova's embassy in Moscow. Much of the embassy's consular work concerns the pro-Russian separatist enclave of Transdniestria, which broke away from Moldova before the collapse of Soviet rule and where 200,000 Russian passport holders live. Embassy staff were previously able to travel to the enclave on the Ukrainian border to conduct consular affairs, but authorities in the separatist region say the reductions will make that arrangement much more difficult.

Persons: Maia Sandu, Igor Zakhahrov, Maria Zakharova, Ron Popeski, Chris Reese Organizations: Russian Foreign, Embassy, Thomson Locations: CHISINAU, Moldova, Soviet Moldova, Ukraine, Moscow, Russian, Transdniestria

"The culture wars are coming to UK businesses, including the financial sector," said Andre Spicer, dean of City University's Bayes Business School. It also cited "risk factors including... controversial public statements which were felt to conflict with the bank's purpose". However, data from watchdog the Financial Ombudsman Service showed complaints about account closures represented a tiny fraction of a bank's overall customer base. Experts say other banks will now be scrambling to ensure their own policies and committees are behaving appropriately, to avoid further scandals. The CEO of Britain's biggest domestic bank Lloyds said on Wednesday the bank's own policies did not include looking at customers' political or personal beliefs.

Persons: Nigel Farage, Coutts, Andre Spicer, Howard Davies, Alison Rose, Rose, Peter Flavel, Charles Dickens, Queen Elizabeth II, Spicer, Harriet Baldwin, Bill Winters, Samuel Gregg, Banks, Gregg, University's Spicer, Rupert Younger, ", Sinead Cruise, Iain Withers, Lawrence White, Daniel Wallis Organizations: Brexit Party, NatWest, Bayes Business School, Coutts, Treasury, Bank of England, BBC, Standard Chartered, Farage, American Institute for Economic Research, Facebook, Financial, Service, Barclays, Lloyds, Centre, Oxford University's Said Business School, Thomson Locations: America

☆ Snap’s Sales Fall for the Second Time in a Row
▼ + stars: | 2023-07-25 | by ( Yiwen Lu | More About Yiwen Lu | ) www.nytimes.com time to read: +1 min

Over the past year, the company has performed layoffs, reordered the priority of some of its business initiatives and reorganized some of its executives to deal with the challenges. Yet even as slower ad spending has buffeted large tech companies such as Google and Meta over the past year, Snap’s issues have been particularly difficult. As a smaller social media company with a narrower audience, it is not always the first stop for advertisers. And it faces intense competition from rivals like TikTok, which has gained users more rapidly and is now bigger than Snap. To diversify where it makes money, Snap rolled out a subscription service called Snapchat+ last year, and it has gained more than four million users.

Persons: Evan Spiegel, Jasmine Enberg, ” Organizations: Google, Insider Intelligence

MANILA, July 24 (Reuters) - Philippines President Ferdinand Marcos Jr on Monday touted his administration's successes over the past year, including battling inflation and steering the economy back on track, but said a number of economic challenges lie ahead. After more than a year in office, buffeted by soaring inflation that has dented economic growth, the government is now "stabilising the prices of all critical commodities", Marcos said. "Inflation rate is moving in the right direction," he said in his second state of the nation address. Developing the long-neglected farm sector, which contributes 10% of the country's economic output, is a priority for Marcos, who also helms the agriculture ministry. The Philippines remains vulnerable to global price shocks because it buys a sizeable portion of its rice overseas, and relies on imports for most of its fuel requirements.

Persons: Ferdinand Marcos Jr, Marcos, helms, Michael Ricafort, Enrico dela Cruz, Eloisa Lopez, Bernadette Baum, Mark Potter Organizations: Rizal Commercial Banking Corp, Asia's, Thomson Locations: MANILA, Philippines, Philippine, Rizal, China, Manila, United States

☆ New leader of Moldovan region thanks exiled patron, backs ties with Russia
▼ + stars: | 2023-07-20 | by ( Alexander Tanas | ) www.reuters.com time to read: +2 min

CHISINAU, July 19 (Reuters) - The new leader of Moldova's region of Gagauzia expressed gratitude at her inauguration on Wednesday to a wealthy magnate jailed in absentia for fraud and stood by her calls for closer ties with Russia. The region's 140,000 residents have had an uneasy relationship with Moldovan authorities in three decades of independence from Soviet rule. Gutul pledged to uphold good ties with Turkey and Russia, as well as with Moldova's neighbours, Ukraine and Romania. In the election campaign, contested by a slate of pro-Russian candidates, she pledged to build closer ties with Russia and open a diplomatic mission in Moscow. Reporting by Alexander Tanas in Chisinau; Editing by Ron Popeski and Grant McCoolOur Standards: The Thomson Reuters Trust Principles.

Persons: Gagauzia, Maia Sandu, Yevgeniya, Ilan Shor, Shor, Ilan, Gutul, Shor's, Sandu's, Alexander Tanas, Ron Popeski, Grant McCool Organizations: European Union, Moldovan, Moldova's Constitutional, Sandu's PAS, Thomson Locations: CHISINAU, Russia, Moldova, Ukraine, Israel, Gagauzia, Chisinau, Turkey, Romania, Moscow, Transdniestria, Russian

☆ Moldova separatist leader vows to solve opposition politician's suspected murder
▼ + stars: | 2023-07-18 | by ( Alexander Tanas | ) www.reuters.com time to read: +2 min

CHISINAU, July 19 (Reuters) - The president of Moldova's separatist pro-Russian Transdniestria region vowed on Tuesday to solve the suspected murder of an opposition politician who was a rare advocate of reconciliation with the country's pro-European government. Opposition politician Oleg Horgan was found dead in his home this week, apparently after being struck with a heavy object. Transdniestria President Vadim Krasnoselsky said he would take "personal control" of the investigation. A parliamentary committee summoned a special sitting of the assembly to discuss the suspected murder later in the week. Moldova has embarked on a drive to join the EU since the 2020 election of President Maia Sandu, who has roundly denounced Russia's invasion of Ukraine.

Persons: Transdniestria, Oleg Horgan, Oleg Serebrean, Vadim Krasnoselsky, Krasnoselsky, Horgan, Maia Sandu, Sandu, Ronald Popeski, Sonali Paul Organizations: Organization for Security, Cooperation, European Union, EU, Communist, Sheriff, Moldovan, Civic Congress, Russian, Thomson Locations: CHISINAU, Russian, Moldova, Europe, Ukraine, Russia, Transdniestria, Moscow

☆ In Hollywood, the Strikes Are Just Part of the Problem
▼ + stars: | 2023-07-15 | by ( Brooks Barnes | More About Brooks Barnes | ) www.nytimes.com time to read: +1 min

Existential hand-wringing has always been part of Hollywood’s personality. But the crisis in which the entertainment capital now finds itself is different. They joined 11,500 already striking screenwriters, who walked out in May over similar concerns, including the threat of artificial intelligence. Actors and writers had not been on strike at the same time since 1960. “Now it’s a walled-in vacuum.”

Persons: wringing, ’, ” Fran Drescher

Against this backdrop, CNBC Pro used FactSet data to screen for stocks most vulnerable to a short squeeze. A short squeeze occurs once a shorted stock climbs higher, forcing investors who have short bets on shares to cover their positions. Novavax , meanwhile, has about 42% short interest from investors. Overall, short interest in the name increased 8.7% between June 15 and June 30. See below for the full rundown of potential short squeeze targets.

Persons: there's, Novavax Organizations: Nasdaq, Dow Jones, JPMorgan, CNBC Pro, New York Stock Exchange, Sunnova Energy Locations: Canada

☆ Indiana Jones, John Williams and the Art of Music You Can Barely Hear - The New York Times
▼ + stars: | 2023-07-07 | by ( Frank Lehman | ) www.nytimes.com time to read: +12 min

I’ve been fascinated with film music since elementary school, when I got a cassette tape called “Kid Stuff: An Afternoon at the Movies,” which featured Mr. Williams and the Boston Pops. No one exemplifies this better than Mr. Williams, who is still composing at 91. Mr. Williams accomplished this by inviting the trumpet section of the London Symphony Orchestra to blast away in its most piercing register. As he has with other cues, Mr. Williams has given this particular set piece an afterlife in concert performances. Keep your eyes shut!” Maybe then we’ll stop passively hearing film music and begin actively listening to it.

Persons: Indiana Jones, John Williams, doesn’t, He’s, I’ve, Williams, ”, Dvorak, Stravinsky, Bach, extol, Gene Shalit, “, —, “ Indiana Jones, you’ll, Kate Capshaw’s, Willie Scott, That’s, it’s, Mickey Mousing, Emilio Audissino, Daniel Goldmark, ” Mr, Mickey Mouser, Guy ”, Mousing, Beyoncé’s, Marion Ravenwood, Marion Organizations: Raiders, “ Star, “ Raiders, Boston Pops, London Symphony Orchestra, Berlin Philharmonic, ”, Hollywood, “ Locations: “, Indiana

Reuters GraphicsAnalysts said the data underlined that once-booming ESG funds were no longer immune from wider market dynamics. BELOW PEAKNet assets across ESG funds fell in the second quarter and to below recent peaks, according to Refinitiv. Morningstar's global director of sustainability research, Hortense Bioy, said their preliminary data suggested demand for more stringent ESG funds appeared resilient. However, she said that managers' desire to meet European Union regulations had encouraged some firms to reclassify their ESG funds as traditional products, impacting investor flows. The anti-ESG backlash had also hit U.S. firms' appetite for marketing sustainable funds, "which has had an impact on sales," Bioy said on the sidelines of a conference this week.

Persons: outpacing, Edward Glyn, ESG, Hortense Bioy, Bioy, Tommy Reggiori Wilkes, Patturaja, David Holmes Organizations: Equity, Reuters, Reuters Graphics Analysts, outflows, ESG, Reuters Graphics, Thomson Locations: Europe, United States, Calastone

☆ Hawaiian Airlines: 7 injured during severe turbulence on flight from Hawaii to Australia
▼ + stars: | 2023-07-04 | by ( Sara Smart | ) edition.cnn.com time to read: +1 min

CNN —Seven people were injured on a Hawaiian Airlines flight to Sydney, Australia, on Friday when the plane was buffeted by severe turbulence, the airline confirmed. The turbulence struck about five hours after the plane departed from Honolulu Friday afternoon, a Hawaiian Airlines spokesperson told CNN. Hawaiian Airlines said it has been in contact with the passenger but was not able to provide an update on their condition as of Monday evening. The incident comes months after severe turbulence on a Hawaiian Airlines flight injured 36 people flying from Arizona to Honolulu in December, requiring 20 people to be taken to emergency rooms, CNN reported. In March, severe turbulence on a private jet resulted in the death of a former White House official, just days after 7 people were transported to hospitals after a separate commercial flight hit significant turbulence.

Organizations: CNN, Hawaiian Airlines, Federal Aviation Administration, National Transportation Safety, White House Locations: Sydney, Australia, Honolulu, Arizona

☆ Moldova airport shooting suspect in coma, wanted in Tajikstan for abduction
▼ + stars: | 2023-07-01 | by ( Alexander Tanas | ) www.reuters.com time to read: +2 min

CHISINAU, July 1 (Reuters) - The chief suspect in a shootout in Moldova's main international airport remained in a coma on Saturday and was wanted in his native Tajikistan in connection with the abduction of a bank officer, Moldovan authorities said. The 43-year-old man grabbed a gun and shot dead two security officers and wounded a civilian on Friday after being denied entry to ex-Soviet Moldova, they said. Musteata said the suspect would be tried in Moldova and face an aggravated murder charge "if he survives". Moldova, lying between Ukraine and European Union member Romania, has been severely buffeted by the war in Ukraine. President Maia Sandu has denounced Russia's invasion and set EU membership of her country as the top foreign policy priority.

Persons: Ion Musteata, Dragos Galbur, Musteata, Maia Sandu, Ron Popeski, David Gregorio Our Organizations: Moldova, Officials, European Union, Romania, Thomson Locations: CHISINAU, Tajikistan, Soviet Moldova, Istanbul, Moldovan, Moldova, Soviet, Central Asia, Dushanbe, Chisinau, Ukraine

How has the smoke affected air quality in the American Midwest? Image Chicago on Tuesday, where the Air Quality Index reached “very unhealthy” levels. Canada wildfires Burned Hotspots Source: Canadian Wildland Fire Information SystemHow far has Canadian wildfire smoke spread? In Canada, Environment Canada warned Tuesday that air quality would deteriorate overnight in Toronto, Canada’s largest city and financial capital. Poor air quality has also buffeted Montreal, where the sun has appeared in recent days as a lurid red dot.

Persons: Kamil Krzaczynski, Judson Jones Organizations: NASA, Agence France, Canadian Interagency Forest Fire Centre, Environment Locations: Canada, Quebec, American, Europe, Coast, United States, New York City, Washington, Minnesota, Chicago, Detroit, Milwaukee, Swiss, Green Bay, Wis, Grand Rapids, Mich, East, ., Portugal, Spain, France, Toronto, Canada’s, Montreal, Mont Tremblant, Ontario, New York

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