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☆ Japan central bank's ETF holdings under scrutiny as govt seeks revenue
▼ + stars: | 2023-06-07 | by ( Leika Kihara | ) www.reuters.com time to read: +2 min

Due to Japan's ageing population, people aged 60 years or more hold roughly 60% of total household financial assets. "The government must look into whether it's permissible to buy (the BOJ's ETF holdings) at book value for the purpose of securing sources of revenue," Finance Minister Shunichi Suzuki told parliament. The BOJ's ETF holdings as of March 2023 stood at 37 trillion yen ($265.75 billion) in book value, and 53 trillion yen in market value, according to the central bank's earnings data. BOJ Governor Kazuo Ueda told the same parliament session that it was premature to debate specifics on how the central bank could unload its ETF holdings. Ueda also said that in principle, the central bank plans to sell the ETFs at market value, instead of book value.

Persons: Fumio Kishida, Shunichi Suzuki, Kazuo Ueda, Ueda, Leika Kihara, Simon Cameron, Moore Organizations: Finance, Thomson Locations: TOKYO

☆ South Korea, Taiwan stocks bag huge foreign inflow in May on chip demand
▼ + stars: | 2023-06-07 | by ( Gaurav Dogra | ) www.reuters.com time to read: +2 min

June 7 (Reuters) - South Korea and Taiwanese equities experienced a huge influx of foreign investment during May, driven by a surge of interest in artificial intelligence (AI) and the subsequent demand for shares of hardware exporters in the region. Data from stock exchanges in South Korea, Taiwan, India, Indonesia, the Philippines, Thailand and Vietnam showed foreigners purchased a net $11.74 billion worth of regional equities in May - the biggest amount since November 2022. Specifically, Taiwanese equities attracted a massive inflow of $4.4 billion, followed by South Korean equities with $3.1 billion. Meanwhile, foreigners secured a net $5.3 billion worth of Indian stocks, their biggest monthly purchase since August 2022, boosted by its strong economic growth in the March quarter. On the other hand, Thai, Vietnamese and Philippine equities faced outflows of $995 million, $134 million and $81 million, respectively, last month.

Persons: Yeap Jung Rong, Manishi Raychaudhuri, Gaurav Dogra, Patturaja, Simon Cameron, Moore Organizations: South, Reuters Graphics Reuters, BNP, Federal Reserve, Thomson Locations: South Korea, Taiwan, India, Indonesia, Philippines, Thailand, Vietnam, chipmaker, Asia, Pacific, Philippine, Bengaluru

☆ North American lobster industry confronts 'ropeless' traps after whale entanglements
▼ + stars: | 2023-06-07 | by ( Lauren Owens Lambert | ) www.reuters.com time to read: +7 min

That is a large number, given there are fewer than 350 North Atlantic Right Whales remaining, including just 70 breeding females, say regulators, researchers and conservationists. North Atlantic Right Whales who live off the eastern North American coast stretching from Florida to the Canadian Maritimes provinces are now on the verge of extinction. Traditional lobster fishing uses traps that sink to the ocean floor and are connected by a rope to a buoy floating at the surface. Ropeless gear, by contrast, only deploys a rope and buoy to the surface when its owner activates a release trigger by remote control. When the 2,100 square-kilometer zones are shut, only harvesters with ropeless gear are allowed to fish there, Gilchrist said.

Persons: Matt Weber, lobsterman, Lauren Owens Lambert, ”, Charles Mayo, Rob Morris, “ We’re, Edgetech, lobsterman Kyle Murdock, Weber, Brett Gilchrist, Gilchrist, “, Michael Moore, Lawrence, Richard Valdmanis, Deepa Babington Organizations: REUTERS, Seafood Watch, Atlantic, U.S ., Atlantic Right Whales, National Oceanographic, Atmospheric Administration, Whales, Canadian, Center for Coastal Studies, NOAA, Canada’s Fisheries, Reuters, Fisheries, Oceans, Oceanographic, Thomson Locations: Monhegan, Maine, U.S, MONHEGAN, Monterey, U.S . East Coast, North Carolina, Florida, Cape Cod , Massachusetts, ” Washington, Ottawa, England, Massachusetts, Canada’s Gulf, St, Lawrence, Fundy, Oceans Canada, Gulf

☆ Cisco Swank ‘Is Black Music. All of It.’
▼ + stars: | 2023-06-07 | by ( Marcus J. Moore | ) www.nytimes.com time to read: +1 min

“He’s sitting right in the center of a lot of points,” said the noted trumpeter Ambrose Akinmusire in a telephone interview. He is Black music. (He returned to Crown Heights, Brooklyn, from the Berklee College of Music, where he studied piano performance and contemporary writing and production when the pandemic took hold.) “I try to smile through it,” Haye raps with an exhausted tone. While growing up in Flatbush, he was exposed to all of this music by his mother, Adriane, who directed the youth choir at Emmanuel, and his father, Frank, who was the director of music there.

Persons: “ He’s, ”, Ambrose Akinmusire, It’s, ” Haye, “, ’, Haye, bro, I’m, — Beethoven, Bach, Kirk Franklin, Richard Smallwood, Adriane, Emmanuel, Frank Organizations: Berklee College of Music Locations: bro, ” “, Heights , Brooklyn, Haye, Flatbush

[1/7] A general view of the Bahanaga Bazar railway station, near the site of a train collision following the accident in Balasore district in the eastern state of Odisha, India, June 5, 2023. REUTERS/Adnan AbidiBAHANAGA BAZAR, India, June 7 (Reuters) - Few trains stop at Bahanaga Bazar, the sleepy, small rural station in the Balasore district of Odisha state where India's deadliest train accident in more than two decades happened. "We never imagined we would witness a tragedy of such magnitude in our life time," Jasoda Nayak, a Bahanaga village council member, told Reuters. Several railway officials at Bahanaga Bazar declined to speak to Reuters about the accident as it was now the subject of a police investigation. While Balasore district is known for housing India's missile testing facility, most villagers in the area, which is less than 20 km (12 miles) from the Bay of Bengal coast, are farmers, fisherman or labourers.

Persons: Adnan Abidi BAHANAGA, Jasoda Nayak, Bhagwat Prasad Ratho, Mahesh Kumar Gupta, Krishn Kaushik, Miral Fahmy, Simon Cameron, Moore Organizations: REUTERS, Reuters, Police, Thomson Locations: Balasore district, Odisha, India, Adnan Abidi BAHANAGA BAZAR, Balasore, Bhubaneswar, Bengal

☆ Warren Buffett – he invests just like us!
▼ + stars: | 2023-06-07 | by ( Jeffrey Goldfarb | ) www.reuters.com time to read: +7 min

NEW YORK, June 7 (Reuters Breakingviews) - “Do as I say, not as I do” sounds like the kind of pithy thing Warren Buffett might say to his adoring throngs. The conglomerate was an investor for a dozen years, until Buffett got spooked by Freddie Mac’s overly rosy earnings growth projections. The $1.3 billion stake it finished accumulating in 1994 was worth $25 billion last month. A $13 billion stake in IBM (IBM.N) came and went, as did $8 billion of JPMorgan (JPM.N) and almost $3 billion of biopharmaceutical company AbbVie (ABBV.N). Warren Buffett, Berkshire’s chairman and CEO, said that geopolitical tensions contributed to the decision to sell most of the $4.1 billion TSMC stake just a few months after buying it, the Nikkei reported on April 11.

Persons: Warren Buffett, can’t, There’s, Buffett, Freddie Mac, Freddie Mac’s, Coke, Benjamin Moore, TSMC, ”, Wells, ” Buffett, Berkshire Hathaway, John Foley, Sharon Lam Organizations: YORK, Reuters, Berkshire Hathaway, Home Loan Mortgage, U.S ., Berkshire, BNSF, Taiwan Semiconductor Manufacturing, Buffett, ” Morningstar, Treasury, New York Stock Exchange, American Express, IBM, JPMorgan, Activision, Occidental Petroleum, Paramount Global, Oracle, Reuters Graphics Reuters, Nikkei, Thomson Locations: Berkshire, U.S, TSMC . Berkshire, Japan, Taiwan, Omaha, China

☆ Meet the Morgan Stanley rainmaker tapped to chair the M&A division of law firm Paul Weiss as fears of investor activism grow
▼ + stars: | 2023-06-07 | by ( Kaja Whitehouse | ) www.businessinsider.com time to read: +3 min

Morgan Stanley rainmaker Robert Kindler is leaving the investment bank for law firm Paul Weiss. Kindler, global chair of mergers and acquisitions at Morgan Stanley, has been named global chair of M&A at Paul, Weiss, Rifkind, Wharton & Garrison LLP. "Paul, Weiss has the premier franchise for M&A and activism defense and I am excited to become a part of it." Last year, Paul Weiss represented the board of McDonald's in its proxy fight with activist investor Carl Icahn. In 2000, he joined JPMorgan, where he was named global head of M&A before joining Morgan Stanley in 2006.

Persons: Morgan Stanley, Robert Kindler, Paul Weiss, Weiss, Garrison, Kindler, Paul, Carl Icahn, Leon Black's, Jeffrey Epstein, Goldman Sachs, John Waldron, Waldron, Scott Barshay, Brad Karp, Moore, Morgan, Eaton Vance, James Gorman Organizations: Morning, Paul, Apollo, NFL, Barshay, JPMorgan, Time Warner, Labor Locations: Rifkind, Wharton, Cravath, ETrade, Kindler

☆ Veteran Morgan Stanley dealmaker Rob Kindler to join law firm
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +2 min

June 6 (Reuters) - Rob Kindler, a top executive at Morgan Stanley (MS.N), is leaving the investment bank after a 17-year stint to join a major law firm. The veteran dealmaker will join Paul, Weiss, Rifkind, Wharton & Garrison as the global chair of mergers and acquisitions (M&A), the law firm said on Tuesday. A New Yorker, Kindler began his legal practice at Cravath, Swaine & Moore, another major law firm where he spent nearly two decades. "I am delighted to once again have him as my partner," said Barshay, who is the chair of the Paul, Weiss' corporate department. Kindler's return to legal practice coincides with a challenging period for the industry, which like investment banks, has been navigating a dreary environment for dealmaking.

Persons: Rob Kindler, Morgan Stanley, dealmaker, Paul, Weiss, Kindler, Moore, Kindler's, Scott Barshay, Barshay, Cooley, Goodwin Procter, Niket, Maju Samuel, Chris Reese Organizations: Garrison, Yorker, JPMorgan, Comcast, AT, T Broadband, Dow, IHS, Wall Street, Apollo Global, Arconic, WWE, Endeavor Group, UFC, Thomson Locations: Rifkind, Wharton, New York, Cravath, Bengaluru

☆ JPMorgan's Jamie Dimon to meet with group of US House Democrats - Bloomberg News
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +1 min

June 5 (Reuters) - JPMorgan Chase & Co (JPM.N) Chief Executive Officer Jamie Dimon will meet privately with a group of moderate House Democrats on Tuesday, with banking and the U.S. economy on the agenda, Bloomberg News reported on Monday citing people familiar with the matter. Dimon will meet with the New Democratic Coalition in a closed-door lunch, the report said. JPMorgan and members of New Democratic Coalition did not immediately respond to Reuters requests for comment outside business hours. Last month, Bloomberg reported that Dimon along with other banking executives met with Senate Majority Leader Chuck Schumer, a New York Democrat, to discuss the federal debt limit. Reporting by Jose Joseph in Bengaluru; Editing by Jacqueline Wong & Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

Persons: Jamie Dimon, Dimon, Chuck Schumer, Jose Joseph, Jacqueline Wong, Simon Cameron, Moore Organizations: JPMorgan Chase &, Democrats, Bloomberg, New Democratic Coalition, JPMorgan, New, New York Democrat, Thomson Locations: U.S, New York, Bengaluru

☆ India train crash: Family hopes DNA test will help claim for body
▼ + stars: | 2023-06-06 | by ( Francis Mascarenhas | ) www.reuters.com time to read: +3 min

Four days after the disaster, Haq has found no trace of his brother, who was travelling with the boys. "We are left with no option but to do a DNA test to determine whose body it is. The whole process takes really long," a distraught Haq told Reuters at the All India Institute of Medical Sciences (AIIMS), one of the main hospitals in Odisha's capital of Bhubaneswar. Authorities had taken DNA samples from all the dead bodies in hospitals across the state, senior police official Prateek Singh told reporters on Tuesday. "In cases where there are multiple claimants, we have taken DNA samples from family members and we will preserve the bodies until the DNA matches," Singh told local media.

Persons: Imam Ul Haq, Tavseer Ansari, Francis Mascarenhas, Mohammed Imam Ul Haq, Haq, Prateek Singh, Singh, Francis Mascerenhas, Shilpa Jamkhandikar, Bernadette Baum, Simon Cameron, Moore Organizations: REUTERS, Francis Mascarenhas BHUBANESWAR, Reuters, All India Institute of Medical Sciences, Authorities, Thomson Locations: Balasore, Bhubaneswar, Odisha, India, Odisha's, Bihar, Assam, Jharkhand, West Bengal, Tamil Nadu, Karnataka, Andhra Pradesh

REUTERS/Francis MascarenhasBALASORE, India, June 7 (Reuters) - Indian authorities made fervent appeals to families on Tuesday to help identify over 100 unclaimed bodies kept in hospitals and mortuaries after 275 people were killed in the country's deadliest rail crash in over two decades. Following non-stop efforts to rescue survivors and clear and repair the track, trains resumed running over that section of the line on Sunday night. Till Monday evening around 100 bodies were yet to be identified, a senior state health department official told Reuters. Bijay Kumar Mohapatra, health director of Odisha, said authorities were trying to source iced containers to help preserve the bodies. "Unless they are identified, a post mortem cannot be done," Mohapatra said, explaining that under Odisha state regulations no autopsy can be conducted on an unclaimed body until 96 hours has passed.

Persons: Dilip Kumar Sabar, Jyotilal Sabar, Francis Mascarenhas BALASORE, Bijay Kumar Mohapatra, Odisha, Mohapatra, A.M, Chowdhary, Jatindra Dash, Krishn Kaushik, Sudipto Ganguly, Simon Cameron, Moore Organizations: REUTERS, Reuters, All India Institute of Medical Sciences, India's Railway, federal Central Bureau of Investigation, CBI, Railway, Express, Thomson Locations: Balasore, Bhubaneswar, Odisha, India, Bhubaneswar's, Assam, Bihar, Jharkhand, West Bengal, Tamil Nadu, Karnataka, Andhra Pradesh, Chennai, Kolkata, Howrah

☆ China, Russia launch joint air patrol, alarms South Korea
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +3 min

BEIJING, June 6 (Reuters) - China and Russia conducted a joint air patrol on Tuesday over the Sea of Japan and East China Sea for a sixth time since 2019, prompting neighbouring South Korea to scramble fighter jets. South Korea scrambled fighter jets, according to its military, after after four Russian and four Chinese military aircraft entered its air defence zone in the south and east of the Korean peninsula. An air defence zone is an area where countries demand that foreign aircraft take special steps to identify themselves. Unlike a country's airspace - the air above its territory and territorial waters - there are no international rules governing air defence zones. Since last week, the coast guard of the United States, Japan and the Philippines have held their first trilateral naval exercise in the South China Sea.

Persons: Wang Wenbin, Albee Zhang, Ryan Woo, Liz Lee, Simon Cameron, Moore Organizations: Air Defence, Russian, Thomson Locations: BEIJING, China, Russia, Japan, East China, South Korea, Russian, Ukraine, Beijing, Moscow, United States, Tokyo, India, Australia, Philippines, South China, Taiwan Strait, Chinese, U.S, Taiwan

☆ 3 California universities are in the top 10 for churning out startup founders who have gotten funding since 2022
▼ + stars: | 2023-06-06 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +3 min

Stanford, UCLA and USC are in the top 10 schools with grads who have gotten private startup funding. Stanford University, the University of California, Berkeley, and the University of Southern California rank among some of the top schools to produce startup founders that recently got private funding, according to Crunchbase. Other California-based colleges to make the list of schools include the University of California, Los Angeles, University of California, San Diego, and the California Institute of Technology. The data also details the business schools that some of the startup founders attended. The fact that hundreds of new startup founders have been able to secure funding is a bit surprising considering the current state of the venture capital industry.

Persons: grads, Crunchbase, Larry Page, Sergey Brin, Apple, Steve Wozniak, Gordon Moore, Marc Benioff, That's Organizations: Stanford, UCLA, USC, Morning, Stanford University, University of California, University of Southern, Berkeley, Los Angeles , University of California, California Institute of Technology, Stanford Business School, UCLA Anderson School of Management, Haas School of Business, Google, Intel, Salesforce, Tech, Venture Locations: Six California, Berkeley, University of Southern California, California, Los Angeles, San Diego, North America

☆ Hong Kong journalist wins appeal at top court over Yuen Long documentary
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, June 5 (Reuters) - Hong Kong journalist Bao Choy won an appeal at the city's top court on Monday against her conviction linked to checking vehicle registration records for a documentary about an attack at a train station on pro-democracy protesters in 2019. Bystanders and journalists were also beaten by the assailants during their attack on the protesters. Choy, whose documentary was focused on the police handling of the mob attack, had pleaded not guilty. Chan also argued that the prosecution failed to mention press freedom, which is protected under the city’s mini constitution. ($1 = 7.8388 Hong Kong dollars)Reporting By Justin Fung and Jessie Pang; Editing by Anne Marie Roantree & Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

Persons: Bao Choy, convicting, Choy, Derek Chan, Chan, Convicting Chan, Ivy Chui, Justin Fung, Jessie Pang, Anne Marie Roantree, Simon Cameron, Moore Organizations: RTHK, HK, Appeal, Thomson Locations: HONG KONG, Hong Kong, Long

☆ Probe into Indian rail disaster opens as trains start running
▼ + stars: | 2023-06-05 | by ( Jatindra Dash | ) www.reuters.com time to read: +3 min

Following non-stop efforts to rescue survivors, and clear and repair the track, trains resumed running over that section of the line on Sunday night. The inquiry is underway," a senior railway officer told a Reuters reporter, as officials checked documents being submitted for examination. India's Railway Board, the top executive body, has recommended that the Central Bureau of Investigation take over the investigation into the cause of the disaster. "We have to move towards normalization... Our responsibility is not over yet," railway minister Ashwini Vaishnaw told reporters. "Passenger occupancy is almost 99%," Aditya Chaudhary, chief public relations officer of South Eastern Railway, told Reuters.

Persons: Adnan Abidi, A.M, Chowdhary, Ashwini Vaishnaw, Aditya Chaudhary, Jatindra Dash, Subrata, Tanvi Mehta, Sudipto Ganguly, Simon Cameron, Moore Organizations: REUTERS, Reuters, Railway Board, Central Bureau of, Express, South Eastern Railway, Thomson Locations: Balasore district, Odisha, India, Adnan, Adnan Abidi KHARAGPUR, Balasore, Kharagpur, West Bengal, Chennai, Kolkata, Howrah, New Delhi

☆ Opinion: What Oppenheimer’s reading list can teach us
▼ + stars: | 2023-06-04 | by ( Jane Carr | Opinion Jane Greenway Carr | ) edition.cnn.com time to read: +15 min

Oppenheimer’s list of books included works by Plato, mathematician Bernhard Riemann and scientist Michael Faraday, and the “Bhagavad-Gita,” with which he has famously long been associated. What happens when the inner workings and potential reach of scientific inventions are unknown, even to the human beings who create them? Still, Pride is also a time to revel in culture’s power to transform, sustain and bring joy to LGBTQ communities. But Medvedev knows that above all else he needs Putin to think of him as unequivocally loyal and useful. What it will do is help 40 million borrowers who, like me, were drowning in debt and need immediate relief.

Persons: Robert Oppenheimer, ” Oppenheimer, Plato, Bernhard Riemann, Michael Faraday, William Shakespeare’s “, ” Charles Baudelaire’s “, Fleurs, Mal ”, Eliot’s, Oppenheimer, ” Matthew Zapruder, ”, William Carlos Williams, Nick Anderson, ChatGPT, Stuart Russell, Jessica Chia, Bethany Cianciolo, Russell, isn’t, ” Russell, “, Clay Jones, Joe Biden, John Avlon, Kevin McCarthy, McCarthy, Joel Pett, Poppy Harlow, James Comey, Donald Trump, Republicans ’, MAGA, Julian Zelizer, Zelizer, Trump, Kayleigh McEnany, Rob Finnerty, Matt Wolking, Cupp, McEnany, that’s, Kayleigh, Pride Luciano, Sereno, Luciano Vecchio, It’s, ” Vecchio, “ Sereno, Dmitry Medvedev, Vladimir Putin, Russia’s, Frida Ghitis, Medvedev, Putin, ” Medvedev “, Michael Bociurkiw, Biden, Sophia A, Nelson ., Nelson, it’s, …, Brandon Bell, Jill Filipovic —, —, Filipovic, we’ve, ” Don’t, Keith Magee, Kara Alaimo, James Moore, Texas GOP Tess Taylor, Lala Tanmoy Das, Alex Soros, Scottie Pippen can’t, Jordan, Scottie Pippen, Nathaniel S, Butler, NBAE, Michael Jordan, ” Pippen, Charles Barkley, Phil Jackson —, Will Leitch, ” Leitch, Pippen, Leitch, There’s Organizations: CNN, Manhattan, American, Committee, Tribune, Agency, Biden, Republicans, Trump, GOP, Luciano Vecchio Pride, United, AFP, Russia’s Security, Republican, Texas GOP, Philadelphia 76ers, Getty, NBA Locations: Berkeley, Iowa, revel, it’s, Argentina, United Russia, United Kingdom, Russia, Houston City, America, European, Texas

☆ Police release 31 arrested over Epsom Derby disruption on bail
▼ + stars: | 2023-06-04 | by ( ) www.reuters.com time to read: +1 min

June 4 (Reuters) - More than 30 people detained in connection with plans to disrupt Britain's Epsom Derby horse race have been released on bail, police said on Sunday. Police arrested 31 people on Saturday, including a protester who was detained after entering the racecourse. Auguste Rodin, ridden by Ryan Moore, won the 244th Epsom Derby. Last year's Epsom Derby was delayed after six protesters from Animal Rising, then named Animal Rebellion, entered the course and had to be removed by the police. April's Grand National was delayed by animal rights protesters, while more than 20 people were arrested at the Scottish Grand National.

Persons: Clive Davies, Auguste Rodin, Ryan Moore, Aadi Nair, Angus MacSwan Organizations: Britain's Epsom Derby, Sunday . Police, Epsom Derby, Scottish, National, Thomson Locations: Nashik, India, London

☆ ‘Spider-Man: Across the Spider-Verse’ Review: A Tangled Web
▼ + stars: | 2023-06-02 | by ( Kyle Smith | ) www.wsj.com time to read: 1 min

Spider-Man/Miles Morales (voice of Shameik Moore) Photo: SONY PICTURES ENTERTAINMENTIt’s easy to disdain and deplore (and I do disdain and deplore) the two letters that ate Hollywood: “I.P.” But intellectual property is like bread: It’s often stale and bland, but it can be fresh and delightful. The latter attributes were evident in every sparkling and witty minute of 2018’s animated triumph “Spider-Man: Into the Spider-Verse,” which posited a multiverse in which all sorts of different Spider-People existed simultaneously in their own worlds rendered in distinct styles of animation. The script reworked 1960s characters and storylines with heart and comic brilliance, plus one of the craftiest and twistiest plotlines of any comic-book blockbuster.

Persons: Miles Morales, Shameik Moore Organizations: SONY, ENTERTAINMENT

☆ BOJ's Ueda keeps free hand, says no time frame for achieving price goal
▼ + stars: | 2023-06-02 | by ( Leika Kihara | ) www.reuters.com time to read: +3 min

The BOJ's target remained elusive until last year, when supply constraints and a spike in commodity costs caused by the COVID-19 pandemic and the war in Ukraine drove up Japan's core consumer inflation near 4%. "The time it takes for the impact of monetary policy to appear on the economy could move around a lot depending on circumstances. We therefore do not have any time frame in mind," Ueda said on Friday. Given it will take more time to achieve our price target, we will maintain the easy policy," he said, when asked by an opposition lawmaker on the likelihood of selling the BOJ's holdings. "Given uncertainty over the outlook, clarifying a set time frame for achieving our price target could have unexpected impact on financial markets," Ueda said.

Persons: Kazuo Ueda, Haruhiko Kuroda, Ueda, We'll, Leika Kihara, Chang, Ran Kim, Shri Navaratnam, Kim Coghill, Simon Cameron, Moore Organizations: Bank of Japan, Monetary, Thomson Locations: TOKYO, Ukraine

☆ 'Relentless' heatwaves scorch southern China, test power grids
▼ + stars: | 2023-06-02 | by ( Ryan Woo | ) www.reuters.com time to read: +3 min

[1/3] Workers of grid operator China Southern Power Grid inspect power cables connecting transmission towers in Dongguan, Guangdong province, China May 29, 2018. REUTERS/Stringer/File PhotoBEIJING, June 2 (Reuters) - Having sweltered through May, southern and eastern China face more weeks of unrelenting heatwaves, putting power grids under strain as demand for air-conditioning soars in mega-cities like Shanghai. Like many parts of Asia, China has been besieged by extreme hot weather in recent weeks ahead of summer proper in the northern hemisphere. But how they are occurring - it's just been week on week on week of these records being shattered. Powerful convection weather has also wreaked havoc in central China in recent weeks, with protracted downpours and even hail devastating the country's ongoing wheat harvest.

Persons: Stringer, I'm, Sarah Perkins, Kirkpatrick, Gao Rong, Ryan Woo, Qiaoyi Li, David Stanway, Michael Perry, Simon Cameron, Moore Organizations: China Southern Power Grid, REUTERS, University of New, National Climate Centre, Thomson Locations: Dongguan, Guangdong province, China, BEIJING, Shanghai, Asia, Provinces, University of New South Wales, Guangdong, Hainan, Guangxi, Yunnan, Guizhou, Sichuan, Henan, Beijing, Singapore

☆ Out-of-control tip culture meets summer travel: Are you ready for a $19 daily charge for staff tips and $50 'check-in fee'?
▼ + stars: | 2023-06-02 | by ( Will Gendron | ) www.businessinsider.com time to read: +5 min

On top of a nightly charge of as much as £918, or about $1142, the hotel charges guests a daily £15, or $19, service fee. The Dreamcatcher DW in San Juan, Puerto Rico, is another hotel that charges an undisclosed $15 a night "hotel fee." "We do have a $50 check-in fee that started at the beginning of this year," a spokesperson for Hanalei Bay Resort told Insider. More general resort fees that are tacked onto customer bills are not new. Hrubant says that resort fees started to become standard in major cities in 2018, functioning as an ancillary fee that can "gouge clients."

Persons: —, Alexa Moore, I've, Eric Hrubant, Hrubant, aren't, Henrik Helgesen, bellman, gratuity —, costumers Organizations: Service, Resort, New, CIRE, Street Journal Locations: Montague, London, San Juan , Puerto Rico, Kauai, Hawaii, New York, California, Arizona

☆ Generative AI has a Digital Blackface problem
▼ + stars: | 2023-06-02 | by ( Ryan Joe | Lauren Johnson | ) www.businessinsider.com time to read: +4 min

Advertisers using generative AI to depict BIPOC human models are raising alarm bells among critics who say this use case is Digital Blackface. There are cost-savings from using generative AI, not just for not hiring models but also to replace sets and backgrounds. "It's not like AI models are only created by white folks who then are using this digital blackface, digital yellowface, et cetera. There are people of color who have created generative AI models." Despite the need for caution, some advertisers want to train generative AI engines to be more representative of diverse experiences.

Persons: Levi's, Renee Miller, It's, Michael Mente, Revolve's, Theory's Miller, Miller, Gram, Slack, Brian Yamada, Yamada, Alex Coles, Coles, Megan Thee, Cheyanne Moore Organizations: Apparel Locations: Instagram

In the next three days, most of southern China is expected to suffer temperatures of more than 35 Celsius (95 Fahrenheit), with temperatures in some areas exceeding 40C, national forecasters said on Friday. Extreme hot weather beset China, like many part of Asia in recent weeks, even before summer arrived. But how they are occurring - it's just been week on week on week of these records being shattered," said Sarah Perkins-Kirkpatrick, a climate scientist with the University of New South Wales. ELECTRICITY DEMANDDemand for electricity in southern manufacturing hubs, including Guangdong, has surged in recent days, with China Southern Power Grid, one of the country's two grid operators, seeing peak power load exceeding 200 million kilowatts - weeks earlier than normal and close to historical highs. Powerful convection weather has also wreaked havoc in central China in recent weeks, with protracted downpours and even hail devastating the country's ongoing wheat harvest.

Persons: David Kirton, we've, Zhao, Yang, haven't, heatstroke, I'm, Sarah Perkins, Kirkpatrick, Mei, Gao Rong, Ryan Woo, Qiaoyi Li, David Stanway, Michael Perry, Simon Cameron, Moore Organizations: heatwave, REUTERS, Reuters, University of New, China Southern Power Grid, National Climate Centre, Thomson Locations: Shenzhen, Guangdong province, China, BEIJING, Shanghai, Asia, University of New South Wales, Guangdong, Hainan, Guangxi, Yunnan, Guizhou, Sichuan, Henan, Beijing, Singapore

☆ Simpler hysterectomy may improve quality of life for some women with cervical cancer, study finds
▼ + stars: | 2023-06-02 | by ( Jen Christensen | ) edition.cnn.com time to read: +5 min

Thanks to more effective screening, more women have been presenting with cervical cancer at a younger age and an earlier stage of the disease. “Simple hysterectomy can now be considered as a new standard of care for patients with low-risk early-stage cervical cancer,” Plante said. “This is a really big deal for women with cervical cancer,” said Moore, who wasn’t involved with the study. If the findings lead to a change in practice for surgeons, it could “change the trajectory of cervical cancer globally,” she said. Cervical cancer is not common in the US or Canada, Moore said, but it is endemic in low- and middle-income countries.

Persons: Dr, Marie Plante, Plante, ” Plante, ”, Kathleen Moore, Virginia Kerley Cade, Moore, Sanjay Gupta, ” Moore, Stephanie V, Blank, “ It’s Organizations: CNN, American Society of Clinical Oncology, National Cancer Institute, Obstetrics, Gynecology, Universite Laval, Studies, Canadian Institutes of Health Research, Canadian Cancer Society, Virginia, Developmental Therapeutics, University of Oklahoma Health Sciences Center, World Health Organization, Get CNN, CNN Health, Mount Sinai Health Locations: Chicago, Quebec, Canada

KARACHI, Pakistan, June 2 (Reuters) - Pakistan has passed a special order to allow barter trade with Afghanistan, Iran and Russia for certain goods, including petroleum and natural gas, the Ministry of Commerce said on Friday. The government order, called the Business-to-business (B2B) Barter Trade Mechanism 2023 and dated June 1, lists goods that can be bartered. Sajid Amin, deputy director of the Sustainable Development Policy Institute, said Pakistan could gain particularly from oil and energy imports from Russia and Iran without adding to dollar demand. "While it may not solve currency smuggling, particularly at the Afghanistan border, it can discourage smuggling of goods from Iran, such as diesel, and Afghanistan which is hurting the economy," Amin added. In May, the Pakistan Petroleum Dealers Association complained that up to 35% of the diesel sold in Pakistan had been smuggled from Iran.

Persons: Sajid Amin, Amin, Pakistan's, Musadik Malik, Malik, Ariba Shahid, Asif Shahzad, Simon Cameron, Moore, David Holmes Organizations: Ministry of Commerce, State, Sustainable Development Policy Institute, Reuters, Pakistan Petroleum Dealers Association, Thomson Locations: KARACHI, Pakistan, Afghanistan, Iran, Russia

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