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☆ Bank of England Holds Rates Steady, Despite Slower Inflation
▼ + stars: | 2024-06-20 | by ( Eshe Nelson | ) www.nytimes.com time to read: +1 min

The Bank of England held interest rates on Thursday at their highest level since 2008 even as inflation in Britain slowed to 2 percent in May, an important milestone. Policymakers kept rates at 5.25 percent, where they have been for 10 months. “It’s good news that inflation has returned to our 2 percent target,” Andrew Bailey, the governor of the Bank of England, said in a statement. This month, the European Central Bank cut rates for the first time in about five years but warned that it would take a cautious approach to future cuts. The U.S. Federal Reserve also indicated it would reduce rates just once this year, down from an earlier projection of three cuts.

Persons: ” Andrew Bailey, we’ve Organizations: of England, Bank of England, European Central Bank, U.S . Federal Locations: Britain

☆ Britain Election Winner’s First Problem: Fix a Stagnant Economy
▼ + stars: | 2024-06-19 | by ( Eshe Nelson | ) www.nytimes.com time to read: +1 min

“Our economy has truly turned a corner,” Rishi Sunak, Britain’s prime minister, said last week as he introduced his party’s election manifesto, buoyed by recent data showing that Britain’s economy had exited from a recession more strongly than expected in the beginning of the year and that inflation had slowed substantially. Justifying the optimistic mood, data released on Wednesday showed that consumer prices rose 2 percent in May from a year earlier, touching the Bank of England’s target. That was way down from 11.1 percent in October 2022, when Mr. Sunak started his premiership. Polls suggest there is a desire to eject the governing Conservative Party from Downing Street, after 14 years, in next month’s general election. But lawmakers in the opposition Labour Party have already warned that — should they win — they will inherit a hobbled economy with little room for bold changes.

Persons: Rishi Sunak, Sunak Organizations: of, National Health Service, Conservative Party, Downing, Labour Party

☆ Celine Dion says her fear of stiff person syndrome has been ‘replaced with hope’
▼ + stars: | 2024-06-18 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +2 min

CNN —When it comes to Celine Dion’s ongoing treatment for stiff person syndrome, a rare neurological condition, the singer says she’s starting to feel like a new day is coming. Dion spoke at a screening of “I Am: Celine Dion” in New York that was also live streamed at an event in Los Angeles, which CNN attended. Stiff person syndrome (SPS) is “a rare, progressive syndrome that affects the nervous system, specifically the brain and spinal cord,” according to the National Institute of Neurological Disorders and Stroke. Dion announced in 2022 that she was diagnosed with the condition and that she was taking time off from professional commitments to focus on her health. “This movie is a love letter to each of you and I hope to see you all again very soon.”“I Am: Celine Dion” will be available to stream on Prime Video on June 25.

Persons: Celine Dion’s, she’s, Dion, Amanda Piquet, Celine Dion ”, Piquet, “, ”, ” Dion, I’ve, – René, Charles, Nelson, Eddy –, Love Organizations: CNN, National Institute of Neurological Disorders Locations: New York, Los Angeles

Featuring an incredible lineup of artists from various musical genres, many are wondering how to get Lollapalooza tickets this year. In addition to the Chicago festival, which is now enjoying its 33rd year, the Lollapalooza shows will now take place in India, Argentina, Chile, and Brazil. Lollapalooza 2024 festival scheduleFour main ticket options are available for Lollapalooza Chicago. How to buy tickets for Lollapalooza 2024 music festivalYou can buy original tickets for Lollapalooza 2024 directly through the festival website. Tickets for Lollapalooza Chicago 2024 are also available through verified resale ticket vendors like Vivid Seats and StubHub.

Persons: Tyler, Melanie Martinez, We've, It's, StubHub, Lizzy McAlpine, Fisher, Labrinth, Benson Boone, Kesha, Mochakk, Chappell Roan, Don Diablo, Freyr, Kasbo, Flo, Olivia Dean, Sam Barber, BigXThaPlug, Matt Hansen, Blondshell, Brandi Cyrus, Riovaz, Mette, Abby Holliday, Camden Cox, Chance Emerson, Adam Diaz, Walter, Goldie Bouilier, Reneé Rapp, Zedd, Faye Webster, Victoria Monét, Raye, Megan Moroney, Qveen, Ryan Beatty, Malcolm Todd, Lola Young, Blu Detiger, Rod, Tommy Richman, Ava Maybee, McKenna Grace, Cale Tyson, Kaliii, Fifteen0eight, Brandi Cyrus Saturday, Tate McRae, Mike, Ethel Cain, Skream, Kenny Beats, Briston Maroney, BoyWithUke, Romy, Yoasobi, Josiah, Dora Jar, Nia, Jyoty, Tanner Usrey, Armani White, Natalie Jane, Brigitte, Sam Nelson, Will Linley, Hayes Warner, Tommy Newport, Xandra Skrillex, Conan Gray, Dominic Fike, Pierce, Teddy, Vince Staples, Whyte Fang, Ben Böhmer, Grentperez, Mimi Webb, Knox, Briscoe, Jessica Audiffred, Nico Vega, Willis, Valencia Grace, Scarlet Demore, Eddie, Kyle Dion, Kaitlin Butts, Ryan Trey, Huddy, Carmen Deleon Organizations: Business, Chicago, Grant, Lollapalooza Chicago, Royce, Wolves, Chicago Philharmonic, National Parks, TV, Cannons, Nia Archives, Cinema Locations: Grant, Chicago, India, Argentina, Chile, Brazil, StubHub, D4VD, Saint Levant, Glendale, Savannah Ré, Hanabie, Nostalgix

☆ Nelson Peltz’s Trian has a stake in Rentokil. Here’s how the activist might boost shareholder value
▼ + stars: | 2024-06-15 | by ( Kenneth Squire | ) www.cnbc.com time to read: +6 min

Rentokil offers a complete range of pest control services, from rodents to flying and crawling insects, to other forms of wildlife management. Trian, managed by Nelson Peltz, takes very few positions, but is very active in its positions. Rentokil Initial is a United Kingdom-based global provider of pest control, hygiene and well-being services for residential, commercial and industrial customers. However, when it has engaged with UK companies, the firm has consistently been able to create shareholder value. Shifting the listing to the U.S. is the low-hanging fruit of value creation and potentially divesting the European business could create additional value.

Persons: It's, Trian, Nelson Peltz, Peltz, Rentokil, Janus Henderson, Ferguson, Ecolab, Rio, Pearson, Ken Squire Organizations: Rentokil's, Unilever, Ferguson, New York Stock Exchange, Rollins, Janus, 13D Locations: United Kingdom, North America, Europe, Saharan Africa, France, U.S, Pentair, London, Rio Tinto, New York

☆ South Africa's Ramaphosa re-elected as ANC strikes coalition deal
▼ + stars: | 2024-06-15 | by ( ) www.cnbc.com time to read: +2 min

President of the African National Congress (ANC) Cyril Ramaphosa (C) gestures after he was announced president after members of parliament voted during the first sitting of the New South African Parliament in Cape Town on June 14, 2024. The African National Congress and its largest rival, the white-led, pro-business Democratic Alliance, agreed on Friday to work together in South Africa's new government of national unity, a step change after 30 years of ANC rule. Once unthinkable, the accord allowed President Cyril Ramaphosa to win a second term in office. The deal between two sharply antagonistic parties is the most momentous political shift in South Africa since Nelson Mandela led the ANC to victory in the 1994 election that marked the end of apartheid. The National Assembly had earlier elected a DA lawmaker as deputy speaker, after choosing an ANC politician as speaker - the first concrete instance of power sharing between the two parties.

Persons: Cyril Ramaphosa, Nelson Mandela, John Steenhuisen, Long Organizations: African National Congress, New, Democratic Alliance, ANC, National Assembly Locations: African, Cape Town, South, South Africa

☆ South Africa's cash giveaway plan is not universal basic income, experts say
▼ + stars: | 2024-06-13 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewSouth Africa's top political party has proposed a social safety net that's been called the first national universal basic income (UBI) program. The African National Congress, led by Nelson Mandela in the 1990s, recently outlined its plan to expand South Africa's Social Relief of Distress program. AdvertisementCleo Goodman, the basic income lead at think tank Autonomy, told Business Insider that the ANC's proposal followed years of basic income advocates making their case through "pilots, research and widespread campaigning." Advertisement"Despite the name, this proposal falls far short of a basic income," Karl Widerquist, a philosophy professor at Georgetown University-Qatar and the author of several books about UBI, told BI.

Persons: —, Nelson Mandela, Cleo Goodman, Goodman, Karl Widerquist, Widerquist, Chris McGrath, It's, doesn't Organizations: Service, African National Congress, Social, Business, ANC, Autonomy, Georgetown University, Qatar Locations: Alexander, Johannesburg, South Africa

☆ Anthony Michael Hall on His Best Movie Roles: 'Breakfast Club,' 'Sixteen Candles' & More
▼ + stars: | 2024-06-13 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +14 min

On doing 10 auditions for 'Sixteen Candles' and casting John Cusack himselfJohn Cusack, Hall, and Darren Harris in "Sixteen Candles." Is it true that you were the one who cast John Cusack for the role of Bryce, one of Ted's geek friends? I remember John was doing post-production on "Sixteen Candles," and he wanted to show it to me. This is six or eight months later because he did "Sixteen Candles," "The Breakfast Club," and "Weird Science" consecutively. On Christopher Nolan's on-set uniform and developing a 'Succession'-like TV series with Robert Downey Jr.(L-R) Roberty Downey Jr. and Anthony Michael Hall.

Persons: Anthony Michael Hall, Chase, John Candy, John Hughes, Hall, Bill Gates, Christopher Nolan's, Michael Myers, Jessica Alba's, Stanley Kubrick's, Robert Downey Jr, John Candy Anthony Michael Hall, I'm, Eugene Levy, Michael, Uncle Buck, John Cusack, Darren Harris, Ted, Jackie Burch, John, Bryce, Ally Sheedy, Judd Nelson, Emilio Estevez, Molly Ringwald, Ilan Mitchell, Smith, Hughes, Ferris, Chateau Marmont, Mike Tyson, —, I'd, Tim Burton, Edward Scissorhands, Matthew Modine, Davis, Stanley Kubrick, Kubrick's, Kubrick, that's, Chaplin, Winona Ryder, Fox, Jim, Tim Burton's, Tim, Walt Disney, Roberty Downey, Eric Charbonneau, WireImage, Christopher Nolan, Burton, Nolan, it's, Downey, It's, he's, You've, I've Organizations: Business, Netflix, Warner Bros, Hall, Columbia Locations: Hollywood, Silicon Valley, Polish, New York, Manhattan, Beverly Hills, Tampa

☆ Belpoint's David Nelson talks Nvidia hitting another all time high
▼ + stars: | 2024-06-13 | 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 EmailBelpoint's David Nelson talks Nvidia hitting another all time highHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Belpoint's David Nelson, Brian Sullivan, “ Organizations: Nvidia, CNBC

☆ Joe Biden’s agonizing wait as a jury deliberates his son’s fate
▼ + stars: | 2024-06-11 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

The Hunter Biden and Trump cases are vastly different, as is the way the former and current first families have responded to the trials. This is especially significant since Hunter Biden could face up to 25 years in prison if convicted, although a sentence for a first-time offender is unlikely to be that severe. The Hunter Biden trial is the latest cruel twist in the story of a family that has endured more tragedies than most could bear. The infringements on the Biden family’s dignity and privacy cut deep during the trial, which saw discomforting testimony about Hunter Biden’s former cocaine addiction. Media organizations, meanwhile, played an excerpt from Hunter Biden’s audio book that chronicles his spiral into addiction that was used in the prosecution case.

Persons: CNN —, Donald Trump, Joe Biden, Hunter, Trump, Hunter Biden, He’s, Nelson Mandela, WITCH HUNT, ” Trump, Eric, Donald Jr, Mike Johnson —, GOP nominee’s, Melania Trump, Biden, Jill Biden, Leo Wise, “, ” Wise, ”, —, Beau, It’s, Bill Clinton, Roger Clinton, Billy Carter, Jimmy Carter, Beau Biden’s, Hallie, Naomi, “ I’m, Attorney Alvin Bragg, Biden’s, General Merrick Garland, David Weiss, Wise, Joe Organizations: CNN, Biden, Trump, ABC, GOP, Media, Manhattan, Attorney, Republicans Locations: York, Wilmington , Delaware, New York, American, Wilmington, France, Europe, there’s, Mar, Georgia —, Ukraine, China

☆ Stocks making the biggest moves after hours: Oracle, Rentokil, Rubrik and more
▼ + stars: | 2024-06-11 | by ( Pia Singh | ) www.cnbc.com time to read: +1 min

Oracle — The tech company's shares jumped nearly 9% after it announced cloud deals with Google and OpenAI, despite posting a miss on fiscal fourth-quarter results. Oracle posted adjusted earnings of $1.63 per share on revenue of $14.29 billion, while analysts expected earnings of $1.65 per share on $14.55 billion in revenue. Rubrik — Shares of the cloud data management company advanced 3% after beating first-quarter expectations on revenue. Rubrik reported $187 million in revenue for the period, while analysts polled by LSEG anticipated $172 million. Paramount — Shares slipped 0.4%, extending late-day losses.

Persons: LSEG, Rentokil, Nelson Peltz's Trian, Shari Redstone, Skydance, CNBC's David Faber Organizations: Oracle, Google, Nelson Peltz's Trian Partners, CNBC, Paramount, National

☆ Nelson Peltz's Trian amasses stake in pest control giant Rentokil
▼ + stars: | 2024-06-11 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Nelson Peltz's Trian Partners has amassed a significant stake in Terminix parent Rentokil and is seeking to engage with leadership on "ideas and initiatives to improve shareholder value," a spokesperson told CNBC Tuesday. That would mean that its stake is valued at more than $400 million, or at least 3% of shares outstanding. A spokesperson for Rentokil, which is headquartered in London, did not immediately respond to CNBC's request for comment. The news of his stake in Rentokil, reported earlier by Bloomberg, comes shortly after Trian disposed of its remaining stake in Disney. Peltz earlier this year ran an unsuccessful campaign for board seats at the entertainment giant.

Persons: Nelson Peltz, Nelson Peltz's Trian, Trian's Peltz, Heinz, Trian Organizations: Trian Fund Management, Future Investment Initiative, Summit, Nelson Peltz's Trian Partners, CNBC, Rentokil, Proctor & Gamble, Bloomberg, Disney Locations: Miami , Florida, London, Rentokil

☆ Billionaire LinkedIn cofounder Reid Hoffman slams business leaders who support Trump: 'A reliable legal system is not a given'
▼ + stars: | 2024-06-10 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

Read previewThe billionaire cofounder of LinkedIn, Reid Hoffman, slammed business leaders who support former President Donald Trump, arguing that a 2024 win for the Republican would actually be bad for the economy. He argues that a "robust legal system" is critical for American business to prosper because it keeps things in check. "But a robust, reliable legal system is not a given," Hoffman wrote. Others, Hoffman argues, believe Joe Biden would be even more dangerous to American business than Trump would. There's a growing number of business leaders who publicly support Trump.

Persons: —, Reid Hoffman, Donald Trump, Hoffman, Donald Trump's, Trump, Stormy Daniels, Joe Biden, Bill Ackman, Nelson Peltz, Blackstone, Steve Schwarzman, Douglas Leone, Elon Musk, Biden Organizations: Service, LinkedIn, Republican, Business, Trump, Pershing, Capital Management

☆ With EVs, Honda may be North America's most committed automaker, for the moment
▼ + stars: | 2024-06-09 | by ( Kevin Williams | ) www.cnbc.com time to read: +6 min

While missing a host of brands, this year's edition of the Los Angeles Auto Show debuted a range of new models. But at least one automaker says it is ramping up its North American EV strategy in 2024: Honda Motor Company. Honda's EV moves come against the backdrop of EV pullbacks from other major auto manufacturers; and in some cases, shelved EV plans altogether. GM itself is playing a key role in the first mass-market EV Honda is introducing, the Prologue. The All-Electric Acura ZDX is displayed during the 2023 Los Angeles Auto Show at the Los Angeles Convention Center on November 24, 2023 in Los Angeles, California.

Persons: Josh Lefkowitz, Ford, Bob Nelson, Nelson, BEV, It's, Honda, Cliff Banks, Banks, Mary Barra, Jenni Newman, Kelley Blue, Tesla, Newman Organizations: Angeles Auto, Los Angeles Convention Center, Los Angeles Auto, Getty, Honda Motor Company, Canadian EV, pullbacks, GM, American Honda Motor Co, Honda, EVs, Banks, Auto, NBC News, EV Honda, Acura, Subaru Locations: Los Angeles , California, Canadian, Ohio, American, Canada

☆ Apollo 8 astronaut William Anders who took iconic ‘Earthrise’ photo dies in plane crash
▼ + stars: | 2024-06-07 | by ( Joe Sutton | Ashley R. Williams | ) edition.cnn.com time to read: +4 min

CNN —William Anders, a NASA astronaut who was part of the 1968 Apollo 8 crew who were the first three people to orbit the moon, has died in a plane crash in Washington state, according to his son, Gregory Anders. Anders served as a fighter pilot in all-weather interception squadrons of the Air Defense Command in California and Iceland, according to NASA and the US Naval Academy. Taken aboard Apollo 8 by William Anders, this iconic picture shows Earth peeking out from beyond the lunar surface as the first crewed spacecraft circumnavigated the Moon, with astronauts Anders, Frank Borman and Jim Lovell aboard. Anders served as the lunar module pilot for the historic flight. Anders served as Executive Secretary for the National Aeronautics and Space Council from 1969 to 1973, according to NASA.

Persons: William Anders, Gregory Anders, ” Anders, Anders, Frank Borman, Jim Lovell, ”, Lovell, Borman, Gerald Ford, Bill Nelson, “ Bill Anders, ” Nelson, Valerie, CNN’s Ashley Strickland Organizations: CNN, NASA, San Juan County Sheriff’s, United States Coast Guard, United States Naval Academy, US Air Force, US Naval, Air Defense Command, US Naval Academy, Air Force Weapons Laboratory, Apollo, Time Magazine, National Aeronautics, Space Council, Nuclear Regulatory Commission Locations: Washington, San Juan Islands, San Juan County, Jones, Seattle, Hong Kong, California, Iceland, New Mexico

☆ The politics and competition driving Disney's high stakes $60 billion theme parks expansion
▼ + stars: | 2024-06-06 | by ( Paulina Likos | ) www.cnbc.com time to read: +9 min

The next wave of Disney theme park expansion in the U.S. is primed to be in California rather than Florida. The decision requires Disney to put a minimum of $1.9 billion in theme parks, lodging, entertainment, shopping and dining within 10 years. In Florida, Disney has had a more difficult time navigating the political landscape — leading to Disney World development tie-ups. In its fiscal 2024 second quarter , Disney's Parks & Experience division, which includes theme parks, resorts, cruises, hotels, and consumer products grew sales by nearly 10% to $8.93 billion and operating income by more than 12% to $2.29 billion. "Comcast's exposure to, and reliance on the Theme Parks segment is about to expand dramatically," according to MoffettNathanson.

Persons: —, Ron DeSantis, DeSantis, Bob Iger, Iger, Nelson Peltz, Jeff Marks, Disney's, Laurent Yoon, Bernstein, Yoon, Orlando, Peter Supino, Harry Potter, Supino, Jim Cramer, Jim Cramer's, Jim, Mario Tama Organizations: Disney, Republican Florida Gov, CNBC, Comcast, What's, that's, Disney's Parks, Parks, Disney Destiny, Sunshine, Universal, Wolfe Research, Universal Studios Hollywood, Wall Street, Getty Locations: U.S, California, Florida, Anaheim —, Southern California, NBCUniversal, DeSantis, Orlando, Golden, Anaheim, Anaheim , California

☆ European Central Bank Cuts Interest Rates for First Time Since 2019
▼ + stars: | 2024-06-06 | by ( Eshe Nelson | ) www.nytimes.com time to read: +1 min

The European Central Bank lowered interest rates on Thursday for the first time in nearly five years, signaling the end of its aggressive policy to stamp out a surge in inflation. As inflation returned within sight of the bank’s 2 percent target, officials cut their three key interest rates, which apply across all 20 countries that use the euro. The benchmark deposit rate was lowered to 3.75 percent from 4 percent, the highest in the bank’s 26-year history and where the rate had been set since September. “It is now appropriate to moderate the degree of monetary policy restriction.”There is growing evidence around the world that policymakers believe high interest rates have been effective at restraining economies to slow inflation. Now, they are lowering rates, which could provide some relief to businesses and households by making it cheaper to obtain loans.

Organizations: European Central Bank

☆ ValueAct increases Salesforce stake to nearly $1 billion, sending shares up
▼ + stars: | 2024-06-06 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Mason Morfit, Salesforce board member and co-CEO of activist investor ValueAct, has increased his stake in Marc Benioff's software firm to just under $1 billion, acquiring $99 million worth of shares earlier this week, just days after the company reported its first revenue miss since 2006. The trade was disclosed in a regulatory filing Thursday, sending Salesforce shares up around 3.5% on the news in morning trading. The other activists eyeing Salesforce at the time included Elliott Management, Dan Loeb's Third Point, and Starboard Value. Earlier this year, Salesforce's widely reported pursuit of data management firm Informatica sent shares see-sawing before the putative target said it was not considering a sale. Salesforce shares briefly eclipsed their previous 2021 highs earlier this year, but have since given back those gains and are down 4% year-to-date.

Persons: Mason Morfit, ValueAct, Marc Benioff's, Morfit, Benioff's, eyeing Salesforce, Elliott, Dan Loeb's, Benioff, Salesforce's, Jeff Ubben, Bob Iger, Trian's Nelson Peltz, Ike Perlmutter, Salesforce Organizations: ValueAct, Elliott Management, Informatica, Microsoft, Marvel Locations: New York, U.S, Benioff

☆ E.C.B. Is Likely to Leapfrog the Fed on Interest Rate Cuts
▼ + stars: | 2024-06-05 | by ( Eshe Nelson | ) www.nytimes.com time to read: +1 min

European Central Bank officials are expected to cut interest rates this week for the first time in more than five years, drawing a line under the worst of the eurozone’s inflation crisis and easing the pressure on the region’s weak economy. But as policymakers in the eurozone move ahead, they leave behind their counterparts at the U.S. Federal Reserve, who are grappling with a seemingly more persistent inflation problem and warning that it will take longer to cut rates there. Lowering interest rates in Europe before the United States does would create a gap between the policies of two of the world’s largest and most influential central banks. to ease its policy could weaken the euro, while higher interest rates in the United States would continue to tighten financial conditions there and in other countries because of the global role of the dollar. can split from the Federal Reserve, while others say a divergence is not unusual and reflects two different economic situations.

Organizations: European Central Bank, U.S . Federal Reserve, Federal Reserve Locations: Europe, United States

☆ Boeing Carries NASA Astronauts to Orbit in ‘Milestone’ Starliner Flight
▼ + stars: | 2024-06-05 | by ( Kenneth Chang | ) www.nytimes.com time to read: +1 min

After two trips to the launchpad that did not end up going to space, two NASA astronauts finally headed to orbit on Wednesday in a vehicle built by Boeing, the aerospace giant. Boeing is now set to also provide that service, but a series of costly delays repeatedly kept astronauts from flying the company’s vehicle earlier. SpaceX, once seen as an upstart, has flown 13 crews to orbit in total. The long awaited flight of the Boeing vehicle is the latest step in NASA’s efforts to rely more heavily on the private sector for its human spaceflight program. “This is another milestone in this extraordinary history of NASA,” Bill Nelson, the NASA administrator said during a news conference after the launch.

Persons: Bill Nelson Organizations: NASA, Boeing, SpaceX, International Space Station Locations: Starliner

☆ Boeing’s Starliner launch: Highly anticipated crewed test flight set for third launch attempt
▼ + stars: | 2024-06-05 | by ( Ashley Strickland | ) edition.cnn.com time to read: +7 min

CNN —Boeing’s Starliner mission will make a third attempt at launching its first crewed flight test Wednesday in a milestone that has been a decade in the making. Veteran NASA astronauts Butch Wilmore and Suni Williams are set to ride aboard the Starliner capsule on a journey that takes them to the International Space Station. Cory S Huston/NASAIf Starliner successfully lifts off, the astronauts will spend just over 24 hours traveling to the space station. The station’s really designed to be a closed loop.”Now, the urine has to be stored onboard in containers, so Starliner’s anticipated arrival to the space station can’t come soon enough. This mission could be the final major milestone before NASA deems Boeing’s Starliner spacecraft ready for routine operations to deliver astronauts and cargo to the space station.

Persons: CNN —, Butch Wilmore, Suni Williams, Bill Nelson, —, ” Nelson, Williams, Cory S Huston, Starliner, ”, Dana Weigel, Wilmore, Steve Stich, SpaceX —, Lockheed Martin, Tory Bruno, “, it’s, Bruno Organizations: CNN, Atlas, Cape Canaveral Space Force, Veteran NASA, International Space, cumulus, Weather Squadron, NASA, Mercury, Gemini, Apollo, NASA’s, Space Station, SpaceX, Atlas V, United Launch Alliance, Boeing, Lockheed Locations: Florida, States, United States

☆ China’s Chang’e-6 probe lifts off with samples from moon’s far side in historic first
▼ + stars: | 2024-06-04 | by ( Nectar Gan | Simone Mccarthy | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —China’s Chang’e-6 lunar probe departed from the far side of the moon on Tuesday, moving a step closer to completing an ambitious mission that underlines the country’s rise as a space superpower. Its return journey to Earth is estimated to take about three weeks, with a landing expected in China’s Inner Mongolia region around June 25. “The lunar surface is rich in basalt,” Zhou added. It marked the second time a mission has successfully reached the far side of the moon, after China first completed that historic feat in 2019 with its Chang’e-4 probe. Last year, India landed a spacecraft on the moon for the first time, while Russia’s first lunar landing mission in decades ended in failure when its Luna 25 probe crashed into the moon’s surface.

Persons: China’s, Bill Nelson, Nelson, –, “ zhong, CNSA, ”, Zhou Changyi, Zhou, James Head Organizations: Hong Kong CNN, Beijing, China National Space Administration, NASA, CNSA, Brown University, Luna Locations: Hong Kong, China, Mongolia, Aitken, India, Japan, Texas

☆ ‘A.N.C. Has Been Humbled’: a Couple’s Vote Explains Why
▼ + stars: | 2024-06-02 | by ( Lynsey Chutel | ) www.nytimes.com time to read: +1 min

From their home in northern Johannesburg, the Mathivha family celebrated the latest update: with the majority of votes counted, the African National Congress had earned a mere 41 percent. For the first time since the end of apartheid in 1994, the party once led by Nelson Mandela failed to win an outright majority of the votes in a national election. In the last election, in 2019, the A.N.C. The drop to 41 percent in this election has cost the party its majority in Parliament, which elects the country’s president. Now, it will have to work with smaller opposition parties, like those the Mathivhas voted for instead of the A.N.C.

Persons: ”, Buhle, Khathu Mathivha, Ms, Mathivha, Nelson Mandela Organizations: African National Congress Locations: Johannesburg, South Africa

☆ Opinion: Trump is now in a club no one ever wants to be part of — convicted former leaders
▼ + stars: | 2024-06-02 | by ( Opinion Chris Good | ) edition.cnn.com time to read: +12 min

The criminal trial and conviction of (mostly former) national leaders has happened in stable, mature democracies, just as it has in former dictatorships. The track record of convicted leaders shows just how risky it is to try to predict what will happen. In 2017, South Korea impeached and later criminally convicted now-former President Park Geun-hye in a bizarre corruption scandal involving the influence of a friend and confidante. After a scandal emerged involving the state oil company Petrobras, Lula was convicted in 2017 of corruption and money laundering. “Political leaders can choose how they will speak about these institutions.”

Persons: Chris Good, Donald Trump, —, Trump, Stormy Daniels, Cristina Fernández de Kirchner, Sebastian Kurz, ” Kurz, Park, “, Nicole Bibbins Sedaca, Nicolas Sarkozy, Bertrand Guay, Bibbins Sedaca, Jacques Chirac, ” Bibbins Sedaca, Sarkozy, Moammar Gaddhafi illicitly, Silvio Berlusconi, Yara Nardi, Berlusconi “, ”, Berlusconi, Matteo Salvini, Giorgia Meloni, Luiz Inacio Lula da Silva, Nelson Almeida, Luiz Inácio Lula da Silva, Lula, Jair Bolsonaro, Oliver Stuenkel, Fundação Getulio Vargas, ” Stuenkel, Politicization, Stuenkel, didn’t, Lula “, Mark Peterson, Ariel Edwards, Levy, Lula —, Chirac, Trump’s Organizations: CNN, ABC News, Economist Intelligence Unit, Freedom House, Getty, Freedom, Reuters, Forza Italia, Five Star, AFP, Brazil, Petrobras, Bolsonaro, School of International Relations, Fundação, NEW, Manhattan Criminal, Trump, Twitter, Facebook Locations: The, Manhattan, Argentina, Austrian, South Korea, Washington, DC, France, Italy, Brazil, Paris, AFP, Moroccan, Milan, Trump, America, São Paulo

☆ Opinion | South Africa Is Not a Metaphor
▼ + stars: | 2024-06-01 | by ( Lydia Polgreen | ) www.nytimes.com time to read: 1 min

If you want to understand why the party that liberated South Africa from white rule lost its parliamentary majority in the election this week, you need to look no further than Beauty Mzingeli’s living room. The first time she cast a ballot, she could hardly sleep the night before. “We were queuing by 4 in the morning,” she told me at her home in Khayelitsha, a township in the flatlands outside Cape Town. “We couldn’t believe that we were free, that finally our voices were going to be heard.”That was 30 years ago, in the election in which she was one of millions of South Africans who voted the African National Congress and its leader, Nelson Mandela, into power, ushering in a new, multiracial democracy.

Persons: ”, Nelson Mandela Organizations: National Congress Locations: South Africa, Khayelitsha, Cape Town

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