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China became Germany's single biggest trade partner in 2016 and is a core market for top German companies including Volkswagen (VOWG_p.DE), BASF (BASFn.DE) and BMW (BMWG.DE). "They know German companies will run up direct channels to the chancellery," said Andrew Small, a senior fellow at the German Marshall Fund's Asia program. The talks come after Antony Blinken on Sunday became the first U.S. secretary of state to visit China in five years, stressing the importance of keeping open lines of communication to reduce the risk of miscalculation. The Chinese delegation will meet with some of those CEOs on Monday, according to people familiar with the plans. The Chinese delegation will head to Paris for an official visit and to attend a financial conference on June 22 to 23.

Persons: Olaf Scholz, Fabrizio Bensch, China Scholz, Scholz, Li Qiang, Li, Wang Yiwei, Andrew Small, Marshall, Mikko Huotari, Antony Blinken, Sarah Marsh, Andreas Rinke, Laurie Chen, John Geddie, Giles Elgood Organizations: REUTERS, Volkswagen, BASF, BMW, Centre, European Studies, Renmin University of China, Greens and Free Democrats, Social Democrats, Analysts, Mercator Institute for China Studies, Sunday, Thomson Locations: Berlin, Germany, China, Beijing, Munich BERLIN, Europe, European Union, Asia, Munich, Bavaria, Paris

☆ Michael Jordan is selling the Charlotte Hornets — and he stands to make billions
▼ + stars: | 2023-06-17 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Michael Jordan has agreed to sell his majority stake in his NBA team the Charlotte Hornets. The Hornets are valued at $3 billion, per ESPN — more than 10 times the sum Jordan paid in 2010. Michael Jordan could bag a billion-dollar windfall after he agreed to sell his NBA team for what's likely be a huge premium on the price he paid 13 years ago. Jordan previously sold a minority stake in the Hornets to Plotkin, who is the founder of investment firm Tallwoods Capital, and Daniel Sundheim in 2019. Rapper J. Cole is also part of the group that will buy Jordan's majority stake, the Hornets said.

Persons: Michael Jordan, Gabe Plotkin, Rick Schnall, Jordan, Plotkin, Daniel Sundheim, J, Cole, Schnall, He'll, Air Jordan Organizations: NBA, Charlotte Hornets, Hornets, ESPN, Morning, Tallwoods Capital, Charlotte Bobcats, Atlanta Hawks NBA, Nike, Air, Forbes Locations: Forbes

☆ Michael Jordan is selling his majority stake in the Charlotte Hornets
▼ + stars: | 2023-06-16 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Charlotte Hornets owner Michael Jordan responds to a question during a news conference at Spectrum Center in Charlotte, North Carolina, Oct. 28, 2014. Basketball legend Michael Jordan has agreed to sell his majority stake in the National Basketball Association's Charlotte Hornets to wealthy investors Gabe Plotkin and Rick Schnall, a representative for Jordan confirmed Friday. Jordan took a majority stake in the Hornets in 2010 for $275 million. Under the ownership of the six-time NBA champion Jordan, the Hornets have struggled, only making the playoffs two times. Plotkin acquired a minority stake in the Hornets in 2019 and has served as an alternate governor on the NBA Board of Governors.

Persons: Charlotte, Michael Jordan, Basketball Association's Charlotte, Gabe Plotkin, Rick Schnall, Jordan, Plotkin, Schnall, Clayton, Dan Sundheim, J, Cole, Eric Church Organizations: Charlotte Hornets, Spectrum Center, Basketball Association's, Basketball Association's Charlotte Hornets, Hornets, NBA, of Governors, Tallwoods, NBA's Atlanta Hawks, Hawks, D1, North Carolina, Hornets Sports & Entertainment, G League, Greensboro Swarm, Spectrum, Forbes Locations: Charlotte , North Carolina, Dubilier

June 16 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The Bank of Japan, the most dovish major central bank in the world, announces its latest policy decision on Friday, with markets highly sensitive to signs of when and to what degree it will ditch its super-loose policy. The BOJ follows surprisingly aggressive interest rate increases and guidance recently from policymakers in Canada and Australia, and this week's hawkish signals from the European Central Bank and, to a lesser extent, the U.S. Federal Reserve. The BOJ remains the outlier among major central banks, promising to maintain its loose policy until it is sure inflation meets the 2% target. If Japanese assets are any indication, investors expect Ueda and his colleagues to err on the dovish side.

Persons: Jamie McGeever, Kazuo Ueda's, Ueda, Fed's Bullard, Waller, Barkin Organizations: The Bank of Japan, Nasdaq, European Central Bank, U.S . Federal Reserve, Bank of America, ECB, Nikkei, Thomson, Reuters Locations: Canada, Australia, Japan

☆ NFL looks to give a boost to Black- and minority-owned banks
▼ + stars: | 2023-06-15 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +3 min

The league is borrowing $78 million from a syndicate of Black- and minority-owned banks and community development financial institutions. The loan deal will generate "tier 1 capital" for the banks and CDFIs. According to the National Black Bank Foundation, it will boost their lending power by millions through banking fees and interest. "These community banks sometimes have difficulty navigating down economic times. "These banks loan money to people and businesses that need it without being predatory.

Persons: Joe Siclare, Siclare, Ashley Bell, Martin Luther King, Bell, you'll, Dominik Mjartan Organizations: National Football League, National Black Bank Foundation, CNBC, NFL, National Basketball, Atlanta Hawks, Major League Soccer, Black, Bank of America, Silicon Valley Bank, Optus Bank Locations: Silicon, Columbia , South Carolina

That yen hoard has mostly been held as cash with the aim of ploughing into Japanese bonds when yields eventually turn higher. "We're all waiting for the end of YCC so we can buy JGBs," said a Japanese pension fund manager who requested anonymity as he is not authorized to speak to media. Japanese banks have ploughed money into overseas bonds, but insurance firms and pension funds have kept their powder dry. MARKETS WONT BLINKSuch is the positioning and inertia among long term Japanese investors that analysts expect markets to barely blink even if the BOJ plays for time this week. Lifers and pension funds say they have very little exposure to Japanese government bonds, so a surprise policy change won't hurt them either.

Persons: Androniki, Haruhiko Kuroda, Kazuo Ueda, Bart Wakabayashi, Hirofumi Suzuki, Suzuki, Kevin Buckland, Ankur Banerjee, Vidya Ranganathan Organizations: REUTERS, Bank of, Japan, Nippon Life Insurance, Sumitomo Life Insurance, Insurance, State, Thomson Locations: Japan, Tokyo, TOKYO, SINGAPORE, YCC, Singapore

☆ Congressional Support for Aiding Ukraine Frays Amid Spending Battle
▼ + stars: | 2023-06-14 | by ( Karoun Demirjian | ) www.nytimes.com time to read: +1 min

Right-wing House Republicans have long opposed U.S. support for Ukraine, but until recently they lacked the numbers to thwart any aid packages, which have sailed through Congress with the support of a critical mass of G.O.P. The bill that passed this month suspending the debt ceiling set spending limits that strengthened their hand, and increased the political pressure on Speaker Kevin McCarthy to keep a tight lid on federal expenditures. It also intensified the skepticism to new aid for Ukraine among some progressive Democrats, who were angry that the fiscal agreement capped spending on domestic programs, such as education, housing and food assistance, while it allowed military funding to continue to grow. They are now hinting that any future assistance to Kyiv must be accompanied by more nonmilitary spending, a nonstarter with Republicans. Since the Russian invasion, Congress has extended military and humanitarian assistance to Kyiv through a series of emergency spending measures totaling more than $100 billion.

Persons: —, Kevin McCarthy, Biden Organizations: Kyiv, House Republicans, Democratic Locations: Russia, Ukraine, Kyiv, Russian, Congress

☆ A Book About Owls, in Which Each Species Is a Marvel
▼ + stars: | 2023-06-14 | by ( Jennifer Szalai | ) www.nytimes.com time to read: +3 min

Owls can also carry more negative connotations, depending on the context. In “What an Owl Knows,” Ackerman explains that the “new science” she refers to in her subtitle has required technological innovations: cameras, drones, DNA analysis, satellite transmitters. “Finding owls is hard,” a naturalist and photographer tells Ackerman, stating a simple truth from which many complications follow. Another researcher, who has encountered hundreds of owls, says, “It was still magic to me every time we found one, because they’re so well camouflaged and so shy.” There are some 260 species of owls spread across every continent except Antarctica. But it turns out that the owl’s closest relatives are a group of birds that are active in the daytime, including toucans and woodpeckers.

Persons: Jennifer Ackerman, Athena, Ackerman, ” Ackerman Locations: Serbian, Kikinda, Great

"This would be the nail in the coffin for Huawei in Europe," said Paolo Pescatore, an analyst at PP Foresight. China has asked for Huawei to be one of the main points on the agenda, one of the sources familiar with the matter said. Germany's China hawks expressed outrage in March when a Reuters story revealed that German state rail operator Deutsche Bahn was using Huawei gear to digitalise its operations. Berlin in 2021 passed a law setting high hurdles for makers of telecommunications equipment for the "critical components" of 5G networks. It is estimated it would cost billions of euros to rip out and replace Huawei equipment in European countries, potentially burdening telecom companies already sitting on huge debts.

Persons: Paolo Pescatore, Andrew Small, Mikko Huotari, Sweden's, Sarah Marsh, Andreas Rinke, Supantha Mukherjee, Foo Yun Chee, Sergio Goncalves, Mark Potter Organizations: European, Huawei, Deutsche Telekom, Foresight, Deutsche Bahn, Mercator Institute for China Studies, Telecom, Nokia, Sweden's Ericsson, Thomson Locations: BERLIN, STOCKHOLM, Germany, Brussels, Berlin, Beijing, Europe, China, China's, Denmark, Portugal, West, U.S, Stockholm, Lisbon

☆ Easing inflation pressures give the Fed room to skip a rate hike. But then what?
▼ + stars: | 2023-06-13 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Softening inflation data for May likely has bought the Federal Reserve at least a month, though not much more, before it has to figure out what to do next. Following the CPI release Tuesday morning, markets priced in a 95% probability that the Fed will skip a hike at its two-day meeting concluding Wednesday, according to CME Group data . "The latest consumer price inflation data doesn't change the Fed outlook for a June rate hike skip, but it illustrates the 'should I stay, or should I go' dilemma that the Fed faces when considering further rate increases," wrote Gregory Daco, chief economist at EY-Parthenon. After this week's meeting, Fed officials will release their "dot plot" rate projections for the next few years, plus their collective outlook on inflation, GDP and unemployment. The retreat on inflation, then, presents both an opportunity and a challenge for a Fed that was caught off guard by the big price surge.

Persons: Gregory Daco, Jim Smigiel, Krishna Guha, Guha, Jerome Powell, Ian Shepherdson Organizations: Federal Reserve, Group, SEI, Evercore ISI, Tech, Pantheon Locations: EY

☆ Futures dip after Wall St rally, focus on Fed
▼ + stars: | 2023-06-09 | by ( ) www.reuters.com time to read: +3 min

The S&P 500 (.SPX) has risen 20% from its Oct. 12 closing low, heralding the start of a new bull market, as defined by some market participants. The Nasdaq and S&P 500 have notched new year-to-date highs in recent sessions, boosted by an AI-driven rally in megacap stocks, a better-than-expected earnings season and expectations that the Fed is nearing the end of its rate-hiking cycle. Fed fund futures are pricing in a 76% chance that the U.S. central bank will hold interest rates at the current 5%-5.25% range at its June 13-14 policy meeting, according to CMEGroup's Fedwatch tool. Signs of a resilient U.S. economy and hopes of the Fed pausing its aggressive monetary tightening have pushed volatility gauges tumbling. ET, Dow e-minis were down 75 points, or 0.22%, S&P 500 e-minis were down 6.25 points, or 0.15%, and Nasdaq 100 e-minis were down 5.75 points, or 0.04%.

Persons: Jerome Powell, Sruthi Shankar, Vinay Dwivedi Organizations: Dow, Nasdaq, BNP Paribas, Apple Inc, Amazon.com Inc, Microsoft Corp, Tesla Inc, General Motors, Tesla, GM, Dow e, Target Corp, Citi, Thomson Locations: megacap, U.S, Bengaluru

☆ Take Five: Skip, stop or go?
▼ + stars: | 2023-06-09 | by ( ) www.reuters.com time to read: +5 min

REUTERS/Leah Millis/File PhotoJune 9 (Reuters) - It's a week of the central bank heavies with the U.S. Federal Reserve, European Central Bank and Bank of Japan meeting. The Fed is tipped to stop with rate hikes (for now), the ECB, to keeping going (for now), while the BOJ remains in stop mode (for now). U.S. inflation numbers, Chinese data and a crunch moment for UBS and Credit Suisse means there's plenty happening. 1/ A LOT GOING ONMarkets get not one but two headline events with U.S. May inflation data out on Tuesday as the Fed kicks off its two-day meeting. For now, markets price in just one more increase this year, an outlook investors seem comfortable with, judging by the recent strong performance of U.S. stocks.

Persons: Leah Millis, Li Gu, Kevin Buckland, Ira Iosebashvili, Yoruk, Noele, Kazuo Ueda, Ueda, culls, Dhara Ranasinghe, Rae Wee, John O'Donnell, John Stonestreet Organizations: Federal Reserve, REUTERS, U.S . Federal Reserve, European Central Bank and Bank of Japan, ECB, UBS, Credit Suisse, U.S, Reuters, Reuters Graphics Reuters, Thomson Locations: Washington , U.S, Li, Shanghai, Tokyo, New York, Amsterdam, Zurich, China, China's, Swiss, Singapore, Frankfurt

MOSCOW, June 8 (Reuters) - For more than 15 months Russia has been fighting a war in Ukraine that the Kremlin refused to call a war - but that is changing: President Vladimir Putin is using the word "war" more often. The Russian media was ordered not to use the word war - and has either complied or shut down. But in response to what Russia said was a major Ukrainian drone attack on Moscow, Putin last week used the word "war" four times in relation to Ukraine, according to a Kremlin transcript of his remarks. "What is more important is what is says about the future: does war mean a more serious approach and what will Russia at war look like?" Attacks far inside Russia that Moscow blamed on Ukraine have stiffened opinion within the Kremlin, emboldening hawks who propose a much tougher approach to a war in which Putin has said Russia has not got even got serious yet.

Persons: Vladimir Putin, Putin, Pavel Zarubin, Sergei Shoigu, Dmitry Peskov, Sergei Lavrov, Wagner, Yevgeny Prigozhin, Vyacheslav Gladkov, Lyndon B, Johnson, George W, Bush, Leonid Brezhnev, Abbas Gallyamov, Nikita Yuferev, Yuferev, Prigozhin, Putin's, General Augusto Pinochet, Guy Faulconbridge, Philippa Fletcher Organizations: Kremlin, Nazi, Red, Motherland, U.S, Soviet, West, Russia, Reuters, Thomson Locations: MOSCOW, Russia, Ukraine, Russian, Ukrainian, Moscow, Ukraine's, Crimea, Soviet, Nazi Germany, Russia's Belgorod, Europe, U.S, Vietnam, Afghanistan, St Petersburg, RUSSIA, Chile, Pinochet

☆ ECB to hike rates in June and July to break sticky inflation - Reuters poll
▼ + stars: | 2023-06-08 | by ( Prerana Bhat | ) www.reuters.com time to read: +4 min

Price pressures and inflation expectations have moderated, but not by enough to deter the ECB from continuing its most aggressive tightening cycle on record. The ECB slowed the pace of its rate rises to 25 basis points at its May meeting after a flurry of 75 and 50 basis point moves. About three-quarters of economists, 43 of 59, forecast another 25 basis point rate hike in July, a stance hardly changed from a May poll. "A 25 basis point rate hike looks like a done deal for next week's meeting," said Carsten Brzeski, global head of macro at ING. "The ECB might not be convinced by the September meeting inflation is declining sufficiently to pause," he said.

Persons: Dado Ruvic, Price, Christine Lagarde, Carsten Brzeski, Mark Wall, Prerana Bhat, Milounee Purohit, Ross Finley, Jonathan Cable, Susan Fenton Organizations: REUTERS, European Central Bank, Reuters, ECB, ING, U.S . Federal, Deutsche Bank, Thomson Locations: BENGALURU, Germany, Europe

☆ Does human intelligence come from our big brains? A new discovery in ancient humans with brains one-third the size of ours is challenging the idea that bigger is better.
▼ + stars: | 2023-06-06 | by ( Maddie Burakoff | Associated Press | ) www.businessinsider.com time to read: +5 min

Homo naledi had brains one-third the size of humans but were capable of complex thought. The Homo naledi species is still new and mysteriousH. naledi is a pretty new addition to the family tree of hominins, which includes our direct ancestors and other extinct relatives who walked on two legs. Researchers analyze fossils of Homo naledi at the University of the Witwatersrand's Evolutionary Studies Institute in Johannesburg. But those species still had big brains — unlike H. naledi, whose burials would raise further questions about human evolution, Stringer said. For study author Agustin Fuentes, an anthropologist at Princeton University, the H. naledi evidence takes the focus off brain size.

Persons: Homo naledi, —, naledi, they've, Lee Berger, Robert Clark, AP Berger, John Hawks, Lee Berger's, Megan, Rick Hunter, Berger, sapiens, Chris Stringer, we've, Stringer, Agustin Fuentes, Fuentes, Rick Potts, Potts Organizations: Service, National Geographic Society, University of, Evolutionary Studies, Geographic, AP, University of Wisconsin, Princeton University Locations: South Africa, Johannesburg, Madison, Witwatersrand

WASHINGTON, June 6 (Reuters) - The battle to raise the U.S. debt ceiling rekindled debate in Congress over funding for Ukraine, as House of Representatives Speaker Kevin McCarthy said on Tuesday he had no immediate plans to take up legislation to boost defense spending beyond what was in last week's deal. McCarthy's comments could signal a tougher road through Congress when President Joe Biden next asks for additional funds for Ukraine. However, McCarthy, who negotiated the agreement with Biden, said he would not automatically allow a vote on supplemental spending legislation in the Republican-led House. SOME SENATE REPUBLICANS DISAGREEHowever, some Republican senators still said they believed a supplemental spending bill would be necessary. McCarthy said he supported Ukraine and helping Ukraine to defeat the Russian invasion but would want more information before moving ahead.

Persons: Kevin McCarthy, Joe Biden, Lawmakers, Biden, McCarthy, Susan Collins, Patricia Zengerle, Bill Berkrot, Jamie Freed Organizations: Ukraine, Kyiv, Republicans, Democratic, Republican, Department of Defense, Capitol, SOME, House Republicans, Democrats, House, Thomson Locations: Congress, Ukraine, Russian, Russia

☆ Homo naledi buried their dead 100,000 years before humans
▼ + stars: | 2023-06-05 | by ( Ashley Strickland | ) edition.cnn.com time to read: +12 min

The study team lays out fossils of Homo naledi at the University of the Witwatersrand's Evolutionary Studies Institute in Johannesburg. One body belonged to an adult Homo naledi, and the other was a juvenile. In 2018, the team began to find evidence that supported the idea that Homo naledi intentionally buried their dead. Carvings on the wallWithin one of the graves is a tool-shaped rock, buried next to the hand of a Homo naledi adult. The "tool shaped rock" was likely buried near or clutched in the hand of a young teenage Homo naledi child buried in the Hill Antechamber.

Persons: naledi, Robert Clark, Homo naledi, Lee Berger, Homo, paleoartist John Gurche, Mark Thiessen, ”, Berger, Tebogo Makhubela, Keneiloe Molopyane, ” Berger, “, John Hawks, Hawks, “ It’s, they’ve, Agustín Fuentes, ” Fuentes, Fuentes, Lee Berger Chris Stringer, ” Stringer Organizations: CNN —, University of, Evolutionary Studies, UNESCO, Geographic, University of Johannesburg, Expedition, University of Wisconsin - Locations: Johannesburg, South Africa, University of Wisconsin - Madison

☆ The Mystery of the Vanishing Kestrels: What’s Happening to This Flashy Falcon?
▼ + stars: | 2023-06-05 | by ( Catrin Einhorn | Bryan Anselm | ) www.nytimes.com time to read: +1 min

At first, people thought it might be a housing shortage. Scientists had noticed worrisome declines in the American kestrel, a small, flashy falcon found coast to coast. The downturn was especially puzzling because birds of prey in North America are largely considered a conservation bright spot. “Why are all these other raptors doing great when the American kestrel is on the decline?” said Chris McClure, who directs global conservation science at the Peregrine Fund, a conservation group. Scientists and members of the public set out nest boxes, and kestrels moved in.

Persons: ”, Chris McClure, kestrels Organizations: Peregrine Locations: North America, United States, Turkey

☆ Opinion | Trump Wants to Party Like It’s 1776
▼ + stars: | 2023-06-05 | by ( Michelle Cottle | ) www.nytimes.com time to read: +2 min

These low-energy losers wouldn’t know how to throw a birthday blowout if their poll numbers depended on it. Even as Mr. Trump hawks the project as an opportunity for national uplift, he has woven in themes and language seemingly designed to provoke discord. It is a sad commentary on our political climate that something as potentially unifying as a national birthday party comes loaded with divisive cultural baggage. But in the Trump era, it also became a culture-war rallying point, a shorthand for one’s commitment to traditional values and hostility to anything conservatives deem woke. Mr. Trump pitched the commission as a way to combat the “twisted web of lies” being taught to schoolchildren by America-hating radicals — a way to help “patriotic moms and dads” fight back against this “child abuse.”

Persons: ”, Ron DeSantis, Nikki Haley, Mike Pence, Trump’s, Trump Organizations: America Locations: Iowa, America

The debt deal capped national security spending in fiscal 2024 at $886 billion, which is what U.S. President Joe Biden requested. Ordinarily, some of the $16 billion worth of unfunded priorities would get tacked on, as well as billions worth of lawmaker initiatives. In recent years Congress has increased defense spending by more than any president requests, generally by tens of billions of dollars. This year, the debt ceiling deal could make that more difficult. That Ukraine supplemental spending request is now expected to include a broader range of military spending and could include some items and pet projects left behind.

Persons: Joe Biden, Abrams, Lockheed Martin, Biden, Mackenzie Eaglen, Eaglen, Mike Stone, Patricia Zengerle, David Holmes Organizations: U.S, Department of Defense, General Dynamics, Lockheed, Huntington Ingalls Industries, Congressional, Pentagon, Congress, Democratic, Republican, American Enterprise Institute, Thomson Locations: Ukraine, Washington

Though the showdown unnerved investors and prompted threats of a second U.S. debt downgrade in a little over a decade, proposals to abolish the debt ceiling have gained little traction in Congress in recent years. But Democrats did not try to abolish the debt ceiling when they controlled the White House and both chambers of Congress in 2021 and 2022. 'OUTLIVED ITS USEFULNESS'Some budget hawks who previously supported the debt ceiling now argue that the growing dysfunction in Washington has made the risk of default too great. Absent those reforms, many budget experts say the debt ceiling is the only way to force some sort of fiscal restraint. "I would never just drop the debt ceiling and do nothing else in its stead.

Persons: we've, Mike Rounds, Janet Yellen, Steve Ellis, We're, Bill Foster, Barack Obama, Brian Riedl, Riedl, MacGuineas, Andy Sullivan, David Morgan, Scott Malone, Chizu Organizations: Republicans, Democratic, White, Republican, Taxpayers, Democrats, Congress, Biden, Manhattan Institute, Center, Budget, Thomson Locations: U.S, Washington, United States, Denmark

☆ The job market held up in May. But the Fed may have already decided to pause
▼ + stars: | 2023-06-02 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

Washington, DC CNN —The US labor market picked up momentum in May, once again defying expectations of a slowdown. Many economists, including those at the Fed, still expect a recession later in the year. The labor market and signs of future disinflationThe May jobs report mostly showed that the labor market held up. Some top economists have argued that the strong labor market has had a minor, albeit growing, impact on inflation. Hawkish Fed officials still think the Fed’s job isn’t done.

Persons: That’s, Joe Biden’s, ”, Philip Jefferson, Patrick Harker, “, ” Harker, It’s, ” Julia Pollak, ZipRecruiter’s, you’ve, you’d, Dave Gilbertson, hasn’t, Ben Bernanke, ” Jack Macdowell, Louis President James Bullard, Bullard, Louis Fed’s, Louis, Jerome Powell, there’s, Ian Shepherdson, Eugenio Alemán, Raymond James Organizations: DC CNN, Federal, Fed, Federal Reserve Bank of Philadelphia, National Association for Business Economics, CNN, Employers, of Labor Statistics, BLS, UKG, The Palisades Group, Hawkish Fed, Federal Reserve Bank of St, Louis Fed, Pantheon Locations: Washington, Washington ,

☆ The Italian beaches putting a daily cap on summer visitors
▼ + stars: | 2023-06-01 | by ( Silvia Marchetti | ) edition.cnn.com time to read: +9 min

“We can no longer afford thousands of daily sunbathers all squeezed in one spot as in the past, it’s unsustainable.”Four beaches are affected. Cala dei Gabbiani and Cala Biriala both now have a daily cap of 300 visitors in place, while Cala Goloritze has a limit of 250 visitors per day, and Cala Mariolu, the largest of the beaches, has a daily limit of 700 people. Visitors to Cala Goloritze, which is only accessible by foot or boat, will be charged an entrance fee of six euros (US$6.5.) The entrance fee for Cala Goloritze can either be paid online, or with cash at the entrance to the inlet. Beach towel banBeach towels will not be permitted at La Pelosa Beach in Stintino, Sardinia this summer, according to local authorities.

Persons: ” Stefano Monni, Cala Biriala, Cala Goloritze, Cala Mariolu, Beachgoers, Legambiente, it’s, ”, Monni, Cala Mariuolo, he’s, pelosi, We’ve, Stintino’s, Rita Limbania Vallebella, they’d, ” Keen, Alberto Pizzoli, Filippo Mannino, Martello, Mannino, Isola, “ Organizations: CNN, Cala Locations: Sicily, Sardinia, Orosei, Baunei, Ogliastra, Cala, Italian, sunbathers, La Pelosa, Stintino, La, Isola, Italy, Pelosa, Saline, Isola dei, Lampedusa, Pelagie, AFP, Martello, Giglio, Isola del Giglio, Tuscany

☆ 2023 NBA Finals: How to watch the Denver Nuggets and the Miami Heat compete for the Larry O’Brien trophy
▼ + stars: | 2023-06-01 | by ( Ben Morse | ) edition.cnn.com time to read: +7 min

There’s Nikola Jokić of the Denver Nuggets – the hulking Serbian center who has battled underappreciation and misinterpretation to become one of the league’s greats and a two-time Most Valuable Player. It’s the performances of Jokić and Butler which help to explain why the NBA Finals are being contested by Denver Nuggets and the Miami Heat as the 2022/23 NBA season concludes. Jokić shoots the ball during Game 4 of the Western Conference Finals. Jokić admitted that the celebrations were short-lived after the Western Conference Finals sweep of the Lakers as Denver’s goal is lifting the title. Jokić leaves the floor after the Nuggets beat the Lakers in the Western Conference Finals.

Persons: There’s Nikola Jokić, underappreciation, Jimmy Butler –, Jokić, Butler, Erik Spoelstra, Denver’s Michael Malone, Larry O’Brien, Butler –, LeBron James, Anthony Davis, Kevin Durant, Devin Booker, Adam Pantozzi, Jamal Murray’s, Aaron Gordon, Kentavious Caldwell, Pope –, “ I’m, ” Jokić, AAron Ontiveroz, – Miami, Al Horford, David Butler II, – Butler, ”, “, Pat, Riley, Spoelstra, Nathaniel S, you’ve, I’ve Organizations: CNN, Denver Nuggets, NBA, Miami Heat, Los Angeles Lakers, Western, Nuggets, Boston Celtics, Ball Arena, Games, ABC, Western Conference, Denver, Lakers, Denver Post, Atlanta Hawks, Chicago Bulls, Milwaukee Bucks, Bucks, New York Knicks, Celtics, Eastern, USA, Sports, Reuters, Heat Locations: Serbian, Denver , Colorado, Miami, Denver, Milwaukee Bucks . Miami

☆ Russian ultranationalists think Putin's response to the Moscow drone attacks and border raids shows he's 'out of touch with reality'
▼ + stars: | 2023-06-01 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

Russian ultranationalists say Putin's response to recent attacks shows he's "out of touch with reality." The ISW says responses to the drone attacks and cross-border raids haven't satisfied war-hawks. To the ultranationalists Russia allows to criticize the war, it is evidence that Russian leader Vladimir Putin is "out of touch with reality." Former Russian officer and ultranationalist Igor Girkin said Putin was "out of touch with reality" and criticized "an absence of an honest conversation with" Russian society. According to ISW, both Girkin and other ultranationalists also criticized Putin's response to recent border raid attacks in the Belgorod and Kursk oblasts of Russia.

Persons: he's, Putin, —, Vladimir Putin, Igor Girkin, Girkin, ISW Organizations: Service, Institute, Twitter, Kremlin Locations: Moscow, Belgorod, Ukraine, Russia, Russian, Kyiv, Kursk

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