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☆ Bob Barker, longtime ‘Price Is Right’ host, dies at 99
▼ + stars: | 2023-08-26 | by ( Ethan Sacks | ) www.cnbc.com time to read: +2 min

Bob Barker, the longtime host of television's "The Price Is Right" who used his combination of comfort-food charm and deadpan humor to become an American television staple, has died, according to his longtime publicist. When producers hired Barker to host "The Price Is Right" in 1972, they hit the jackpot. "From the black and white era of television right up to the new century, Bob Barker had a real presence on two really big shows," Thompson said. Barker landed a job at a radio station in Florida, and it didn't take long for word of his smooth delivery to travel across the wires. In 1950, he moved to California to start his own radio program, "The Bob Barker Show," in Burbank.

Persons: Bob Barker, Barker, Robert Thompson, Thompson, you've, Robert William Barker, Matilda Organizations: CBS, Bleier Center for Television, Culture, Syracuse University, Navy, Drury College, Drury University, Burbank . Television, Miss, Miss America Locations: American, Darrington , Washington, Sioux, Mission , South Dakota, Missouri, Florida, California, Burbank

☆ India set to ban sugar exports for first time in 7 years, Reuters reports
▼ + stars: | 2023-08-24 | by ( ) www.cnbc.com time to read: +1 min

Sacks of refined sugar are stacked at a wholesale store in New Delhi on May 25, 2022. India is the world's biggest sugar exporter after Brazil and restricted exports to protect its own food supplies. "For the upcoming season, we will not have enough sugar to allocate for export quotas." India allowed mills to export only 6.1 million tonnes of sugar during the current season to Sept. 30, after letting them sell a record 11.1 million tonnes last season. In 2016, India imposed a 20% tax on sugar exports to curb overseas sales.

Persons: Sacks Locations: New Delhi, India, Brazil, New York, London, Maharashtra, Karnataka

☆ The Making of an Ivy League President: Two Women’s Stories
▼ + stars: | 2023-08-22 | by ( Martha Southgate | ) www.nytimes.com time to read: +3 min

One Black, one white. In 1995, Ruth J. Simmons, the elder of the two, became the first Black president of Smith, one of the largest of the Seven Sisters colleges. But that wasn’t her last first; in 2001, she left Smith to take the helm at Brown University, making history again by virtue of both her race and her gender — the first Black woman to lead an Ivy League institution, which she did until 2012. In 2007, Drew Gilpin Faust was named the first woman president of Harvard University, a post she held until 2018. As the youngest of 12 children, she had a comparatively easier time because she was the baby of the family.

Persons: Drew Gilpin, Ruth J, Simmons, —, Smith, Drew Gilpin Faust, She’s, ”, Read, “, ” Simmons Organizations: Seven, Brown University, Ivy League, M University, Harvard University, American Locations: Texas, East Texas

☆ Fighting Intensifies in Northeast as Russia Presses on Kupiansk
▼ + stars: | 2023-08-17 | by ( Gaya Gupta | Oleksandr Chubko | ) www.nytimes.com time to read: +4 min

Svitlana, right, traveled several hours from her village of Kamianske to Stepnohirsk to receive humanitarian aid alongside two other women, Lesya and Natasha. Vitya, a resident of the village of Stepnohirsk, which sits on the front line of the Zaporizhzhia region. Svitlana’s village, Kamianske, sits in a gray zone between Russian and Ukrainian forces in the Zaporizhzhia region. Image Members of Ukraine’s State Emergency Service loading animal food and other supplies into a van in Stepnohirsk, Ukraine, fire station this month. He said his home, along with almost every building in Kamianske, had been destroyed by Russian shelling.

Persons: Svitlana, Stepnohirsk, Lesya, Natasha, Vitya, Svitlana’s, “, ” Lesya, ”, ” Natasha, “ I’m, ” Svitlana, Diego Ibarra Sanchez, Serhii, ’, Vladimir V, Alla Viktorivna Organizations: Ukraine’s, Emergency Service, The New York Times Local, “, The New York Times Locations: Kamianske, Stepnohirsk, Svitlana’s, Ukrainian, Zaporizhzhia, Ukraine, Russia, Russian, Stepnohirsk .

☆ This year's best-performing IPO is a company that makes golf putters after shares soar more than 600%
▼ + stars: | 2023-08-16 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +2 min

This year's best-performing IPO is a company that makes golf putters. Shares in Sacks Parente Golf soared more than 600% on their Tuesday debut. Shares in Sacks Parente Golf soared more than 600% on their Tuesday debut, before paring gains after-hours. The 624% bounce cemented Sacks Parente as the best-performing market debut of 2023 and gave some hope for the subdued IPO market. Fears of a recession have waned, and the Fed's rate rises appear to be working with consumer price inflation easing to about 3%.

Persons: Sacks, putters, Sacks Parente, There's, Dow Jones Organizations: Service, Nasdaq, CNBC Locations: Wall, Silicon, California

☆ British Museum sacks member of staff over missing and stolen items
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +1 min

A sign for the British Museum which houses the Parthenon sculptures is seen in London, Britain, January 25, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing RightsLONDON, Aug 16 (Reuters) - The British Museum said on Wednesday a member of staff had been dismissed after items from its collection, including gold jewellery and gems, had been found to be missing, stolen or damaged. None of the items had recently been on public display and were kept primarily for academic and research purposes, it added. I know I speak for all colleagues when I say that we take the safeguarding of all the items in our care extremely seriously," said Hartwig Fischer, Director of the British Museum. The museum's chair, former finance minister George Osborne, Chair of the British Museum, said the trustees were extremely concerned when they had learnt of the theft "earlier this year".

Persons: Toby Melville, Hartwig Fischer, George Osborne, Kylie MacLellan, Barbara Lewis Organizations: British, REUTERS, Metropolitan Police, British Museum, Thomson Locations: London, Britain

Soccer Football - FIFA Women?s World Cup Australia and New Zealand 2023 - Quarter Final - Australia v France - Brisbane Stadium , Brisbane, Australia - August 12, 2023 Australia's Mackenzie Arnold and teammates celebrate winning the match after a penalty shootout REUTERS/Dan Peled/File photoSYDNEY, Aug 14 (Reuters) - Australia Prime Minister Anthony Albanese on Monday backed calls for a public holiday if its team win the Women's World Cup. They play European champions England in Sydney on Wednesday in a match likely to smash Australian TV viewing figures for a soccer game. Chris Minns, the leader of country' most populous state of New South Wales, on Monday pledged to declare a public holiday within a week of the final if the Matildas win. But the Matildas' World Cup matches have sold out months in advance, with millions watching at home in numbers not seen since the Sydney Olympics in 2000. Reporting by Alasdair Pal in Sydney; Editing by Peter RutherfordOur Standards: The Thomson Reuters Trust Principles.

Persons: Mackenzie Arnold, Dan Peled, Anthony Albanese, I've, it's, " Albanese, Albanese, Chris Minns, Bob Hawke, Alasdair Pal, Peter Rutherford Organizations: Soccer Football, FIFA, Brisbane, Australia, New Zealand, France, England, ABC, Soccer, Sydney Olympics, Australian, Thomson Locations: New Zealand, Australia, France, Brisbane, SYDNEY, Sydney, New South Wales

☆ Ukraine sacks army recruitment chiefs in anti-graft shakeup
▼ + stars: | 2023-08-11 | by ( Dan Peleschuk | ) www.reuters.com time to read: +3 min

Zelenskiy said that any sacked army recruitment officers who are not being investigated should head to the front to fight for Ukraine "if they want to keep their epaulettes and prove their dignity". Ukraine has increasingly faced recruitment challenges as the war, now in an brutally attritional phase, nears the 18-month mark. Last month, the head of the Odesa region's recruitment centre was ordered into pre-trial detention on suspicion of illegal enrichment. Despite recent moves against graft, Ukraine still ranks 116th out of 180 countries in Transparency International's latest Corruption Perceptions Index. A Transparency-commissioned opinion poll in June found that 77% of Ukrainians believe corruption is among Ukraine's most serious problems.

Persons: Zelenskiy, Volodymyr Zelenskiy, Friday's, Valery Zaluzhny, Dan Peleschuk, Tom Balmforth, Philippa Fletcher Organizations: European Union, Thomson Locations: Western, Russia, Ukraine, Odesa, Spain

☆ A Light Bulb Went Off - The New York Times
▼ + stars: | 2023-08-06 | by ( Pamela Paul | ) www.nytimes.com time to read: +2 min

A hundred times I have been told that LED bulbs, with their unnatural froideur and their sour green aura, can now simulate all manner of glow. They come with labels like soft white and bright white, cool white and daylight. and the waiting room in the E.R. I’m hardly the first person to notice that LED light simply looks bad. I associate that jolly warmth with late-night phone calls, books read after bedtime, the privacy of my own well-lit room.

Persons: Stark, I’m, Christopher Nolan, Oliver Sacks’s “, ”, what’s, it’s

☆ Elon Musk's former Twitter lieutenant says he needs to 'hear hard truths' and not fire everyone who goes against him
▼ + stars: | 2023-07-26 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Former Twitter lieutenant Esther Crawford warned Elon Musk is surrounded by "yes men." Esther Crawford, Elon Musk's former lieutenant at Twitter, voiced some of her concerns with the billionaire's leadership at the social media company in 14-minute video on Wednesday. Musk has been known to work with close friends across his companies and has even been criticized for having his close friends and brother on Tesla's board in the past. "Instead he'd poll Twitter, ask a friend, or even ask his biographer for product advice," Crawford wrote. Last year, venture capitalist and early Twitter investor Chris Sacca warned Musk needed to surround himself with more people that would challenge him.

Persons: Esther Crawford, Elon, Crawford, Musk, Elon Musk's, David Sacks, Steve Davis, Elon Musk, Clive Mason, Chris Sacca, Sacca Organizations: Twitter, Boring Company Locations: Elon

☆ What causes someone to become a serial killer? Criminology experts explain
▼ + stars: | 2023-07-24 | by ( Alaa Elassar | ) edition.cnn.com time to read: +16 min

CNN —For decades, criminologists and true crime documentaries have attempted to understand what causes serial killers to commit the atrocities they do. CNN spoke with three forensic psychologists and serial killer experts to better understand what causes people to become serial killers. Scott Bonn: Not all psychopaths are serial killers, and not all serial killers are psychopaths. In the case (of a serial killer who) is a psychopath, their brain functions differently than a normal human brain. Are all serial killers serial sexual murderers?

Persons: Dennis Rader, John Wayne Gacy, Jeffrey Dahmer, Albert DeSalvo, Ted Bundy, Rex Heuermann, Heuermann, he’s, Long, Scott Bonn, Psychopaths, Louis Schlesinger, Katherine Ramsland, DeSalvo, Joe Dennehy, Scott, –, you’re, they’re, Bundy, There’s, BTK, Jack, who’ve, They’re, Marny Malin, Sygma, William Heirens, ”, Ted Bundys, John Wayne Gacys, Dennis, they’re chameleons, it’s, He’s, there’s, Jeffrey Dahmer's Organizations: CNN, University of Michigan, John Jay College of Criminal, DeSales University, Boston, Boston Globe, Des, Des Plaines Police Department, Chicago Tribune, Tribune, Service, Getty, Lutheran Church, Boy Scout, Suffolk County Sheriff's, Scott Bonn Locations: United States, New York, Shore, criminologist, Scott Bonn, Chicago, Des Plaines, Milwaukee, Suffolk County, Long

☆ Zelenskiy sacks Ukraine's ambassador to UK after criticism
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +1 min

[1/2] Ukraine's ambassador to the United Kingdom Vadym Prystaiko arrives for a radio interview in Westminster, London, Britain, April 8, 2022. REUTERS/Tom Nicholson/File photoKYIV, July 21 (Reuters) - President Volodymyr Zelenskiy dismissed Vadym Prystaiko as Ukraine's ambassador to Britain on Friday, days after the envoy publicly criticised the president. A presidential order, which said Prystaiko had also been removed as Ukraine's representative to the International Maritime Organization, gave no reason for the dismissal. Zelenskiy responded by saying Ukraine was always grateful to Britain, a staunch ally. Zelenskiy's order did not say who would replace Prystaiko, 53, an experienced diplomat and former vice prime minister who had held the post as ambassador to Britain for three years.

Persons: United Kingdom Vadym Prystaiko, Tom Nicholson, Volodymyr Zelenskiy, Vadym Prystaiko, Prystaiko, Ben Wallace, Russia's, Zelenskiy, Wallace, Anna Pruchnicka, Timothy Organizations: REUTERS, International Maritime Organization, Sky News, British, Timothy Heritage, Thomson Locations: United Kingdom, Westminster, London, Britain, Kyiv, Ukraine

☆ Ukraine war live updates: Zelenskyy sacks UK ambassador after media comments; U.S. says Ukraine now using cluster bombs
▼ + stars: | 2023-07-21 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Zelenskyy said nearly 70 missiles were fired at Odesa, Donetsk, Mykolaiv, Zaporizhzhia, Zhytomyr and Kharkiv this week. Ukrainian President Volodymyr Zelenskyy on Friday announced the dismissal of ambassador to the U.K. Vadym Prystaiko after he called comments Zelenskyy made about the U.K. defense minister unhealthy. In his daily address, Zelenskyy said nearly 70 missiles were fired at Odesa, Donetsk, Mykolaiv, Zaporizhzhia, Zhytomyr and Kharkiv this week. And on Tuesday, Russia's Defense Ministry said it was carrying out a "mass retaliatory strike" for an attack on the Crimean bridge early Monday which it blamed on Ukraine. Tensions are also mounting in the Black Sea after Russia said it would consider all vessels sailing toward Ukrainian ports on the Black Sea as military cargo carriers.

Persons: Zelenskyy, Volodymyr Zelenskyy, Vadym Prystaiko, John Kirby Organizations: Friday, Russian, White House, ., U.S, Initiative, Russia's Defense Ministry, Ukraine's Defense Ministry Locations: Odesa, Donetsk, Mykolaiv, Zaporizhzhia, Zhytomyr, Kharkiv, Ukraine, Russia

☆ Tech bros and Wall Street billionaires are indulging anti-vaxxer RFK Jr.'s presidential dreams
▼ + stars: | 2023-07-19 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Silicon Valley and Wall Street stars are indulging Robert F. Kennedy Jr.'s presidential campaign. RFK Jr. has said that vaccines cause autism – and the White House recently blasted him for sharing anti-Semitic conspiracy theories. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. This isn't the first time parts of Wall Street and Silicon Valley have backed an anti-establishment firebrand. In both 2016 and 2020, big names like venture capitalist Peter Thiel and Blackstone CEO Stephen Schwarzman backed Republican candidate Donald Trump.

Persons: Robert F, Kennedy Jr, Jack Dorsey, SPAC, Chamath Palihapitiya, Bill Ackman, Kennedy, Jr, Twitter's, who's, Bill Ackman – who's, Jamie Dimon, –, Ken Fisher, Mark Gorton, Chamath, David Sacks, Palihapitiya, Ackman, he'd, Peter Thiel, Stephen Schwarzman, Donald Trump Organizations: Twitter, RFK, White House, Service, CIA, Democratic, Pershing Square Capital Management, Fisher Investments, Research, CNBC, vax, Children's Health Defense, PayPal, Blackstone, Republican Locations: Silicon, Wall, Silicon Valley

☆ Investor Bill Ackman, David Sacks' PAC donated to RFK Jr.'s presidential campaign
▼ + stars: | 2023-07-14 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

When asked at the time, he didn't say whether he had donated to Kennedy's campaign. Ackman is one of several prominent business leaders who donated to Kennedy's campaign in the second quarter. The Purple Good Government PAC, a committee that's been largely funded by investor and Elon Musk ally David Sacks, donated $6,600 to the campaign. Ken Fisher, the founder and executive chairman of Fisher Investments, donated $6,600 to the campaign, according to the filing. Veteran Wall Street executive Omeed Malik also donated $6,600 to the Kennedy campaign, the filing says.

Persons: Bill Ackman, Robert F, Kennedy Jr, that's, Elon Musk, David Sacks, Ken Fisher, Omeed Malik, Kennedy, Malik, Brett Messing, Anthony Scaramucci's, Eric Clapton, Sacks, Fisher, Clapton, Chamath Palihapitiya, Joe Biden, Kennedy's, Biden, Kevin Breuninger Organizations: Pershing, Capital, CNBC, RFK, Good Government PAC, Fisher Investments, Wall, Hamptons, Quinnipiac, Democratic Locations: England

☆ Robert F. Kennedy Jr. has some fans on Capitol Hill — they just happen to be Republicans
▼ + stars: | 2023-07-13 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

RFK Jr. might be running for President as a Democrat, but he has some fans among GOP lawmakers. Sen. Ron Johnson told Insider he hopes Kennedy "gains traction and wins the nomination." House Republicans have invited Kennedy to testify next week, and some Democrats say it's a political ploy. "He's displayed extraordinary political courage," said Johnson, recounting Kennedy's own narrative about how he took up anti-vaccine advocacy. Johnson's liking for Kennedy goes beyond just COVID and vaccines — he's on a similar wavelength with other aspects of Kennedy's conspiratorial worldview as well.

Persons: Sen, Ron Johnson, Kennedy, Robert F, Kennedy Jr, Johnson, It's, he's, Bobby, He's, John F, York Sen, Trump, Joe Biden's, Jack Dorsey, David Sacks, Biden, it's, That's, Jim Banks, Ted Cruz, Thomas Massie of, I'd, Massie, Jim Jordan, Tom Williams, Jordan, Donald Trump's, Dennis Kucinich, who's, Kucinich, Dan Goldman, Goldman Organizations: RFK Jr, GOP, Republicans, Service, Democratic, Tea Party, Republican, JFK, CIA, Biden, Ukraine, Twitter, Capitol, Kennedy Democrats, Democrat Party, Jim Banks of Indiana, Federal Government, FBI, Big Tech, Inc, Getty, Center, Children's Health Defense, Democrat Locations: Wall, Silicon, Kennedy's, Ron Johnson of Wisconsin, York, Ted Cruz of Texas, Thomas Massie of Kentucky, Ohio, New York

☆ RFK Jr. touted bitcoin, but said he wasn't an investor. Financial records show otherwise
▼ + stars: | 2023-07-07 | by ( Brian Schwartz | ) www.cnbc.com time to read: +6 min

Robert F. Kennedy Jr., son of former US Senator Robert F. Kennedy, speaks during the Bitcoin 2023 conference in Miami Beach, Florida, US, on Friday, May 19, 2023. Since the conference, Kennedy has continued to tout bitcoin. Kennedy said at the Miami bitcoin conference that if he were to become president he would "make sure that your right to hold and use bitcoin is inviolable." Kennedy, 69, is the son of former Attorney General Robert F. Kennedy and the nephew of former President John F. Kennedy, both of whom were assassinated in the 1960s. In May, days before he took the stage the Miami bitcoin conference, Kennedy tweeted: "Cryptocurrencies, led by bitcoin, along with other crypto technologies are a major innovation engine.

Persons: Robert F, Kennedy Jr, Kennedy, Virginia Canter, Cheryl Hines, Canter, Hines, I'm, Gamble, Mr, Joe Biden's, Gary Gensler, headwinds, Biden, John F, Kennedy's, Jack Dorsey, David Sacks, Chamath, Omeed Malik, bitcoin Organizations: Democratic, CNBC, Procter, Miami bitcoin, Securities, Exchange, SEC, Biden, Quinnipiac, Children's Health Defense, CHD, U.S Locations: Miami Beach , Florida, Miami, bitcoin, Washington, cryptocurrencies, U.S

☆ Bill Ackman explains why he embraced RFK Jr.'s skepticism on Covid vaccines
▼ + stars: | 2023-07-05 | by ( Brian Schwartz | ) www.cnbc.com time to read: +5 min

Bill Ackman said in 2021 that delaying Covid vaccinations for older Americans "seems like genocide." In fact, he said Kennedy is asking "important questions" about vaccines, raising issues he is interested in learning more about. Several of Ackman's recent tweets about Covid vaccines have stunned and confounded many of his colleagues on Wall Street, according to several people who have known and been allied with him for years. "I listened to RFK on several podcasts and a town hall and thought he raised important issues about vaccines and other issues that were worth learning more about," said Ackman, the CEO of Pershing Square Capital. Ackman has pushed his newfound skepticism to his approximately 740,000 followers while saying he is not opposed to vaccines.

Persons: Bill Ackman, Robert F, Kennedy Jr, Ackman, Kennedy, it's, Omeed Malik, David Sacks, Chamath Palihapitiya, Ackman's, Tucker Carlson, Joe Biden, Biden Organizations: Democratic, CNBC, RFK, Pershing, Capital, CDC, FDA, Wall Street, Hamptons . Venture, Trump White House, Fox News Locations: U.S

SYDNEY, July 3 (Reuters) - PwC Australia has fired eight partners including its former chief executive as part of an internal investigation into the leak of confidential government tax plans by a former partner, the firm said on Monday. The investigation found multiple examples where the "misuse of confidential information" breached professional standards and also identified "a failure of leadership and governance" to address the breaches, PwC said in a statement. Seymour and the other seven partners named by PwC did not immediately respond to requests for comment. Three of the partners were singled out for actions that "failed to meet their professional responsibilities". These behaviours are not, and never have been, acceptable under PwC’s standards," said the statement from PwC, one of the world's "big four" accounting firms.

Persons: PwC, Kristin Stubbins, Tom Seymour, Seymour, Lewis Jackson, Sonali Paul Organizations: SYDNEY, PwC, Thomson Locations: Australia, Stubbins

Banks typically provide research to clients as part of a broader offering of services, but that changed when the European Union introduced the Markets in Financial Instruments Directive (MiFID) II laws in 2018 to improve transparency. "It took about a year for us to become compliant to MiFID II laws -- it was a long, intense process," said Candace Browning, head of BofA Global Research. U.S. financial firms were initially given an exemption by the U.S. Securities and Exchange Commission, which expires on July 3. "Companies continue to face challenges complying with the MiFID II unbundling requirement and U.S. law," said Joe Corcoran, SIFMA's managing director and associate general counsel for capital markets. 'EXPENSIVE AND COMPLICATED' In Europe, asset managers under MiFID II are not allowed to pay for research through broker commissions on trading -- instead, investors are billed separately by banks for research.

Persons: Banks, Candace Browning, Joe Corcoran, SIFMA's, SIFMA, MiFID, Michael Eastwood, Jefferies, Jesse Forster, BofA, salespeople, Browning, Forster, Russell Sacks, Nupur Anand, Lananh Nguyen, Deepa Babington Organizations: YORK, Bank of America Corp, Jefferies Financial, European Union, Financial, BofA Global, U.S . Securities, Exchange Commission, Securities Industry, Financial Markets Association, SEC, Jefferies, Coalition, King, Spalding, Thomson Locations: Europe, U.S, Greenwich, Coalition Greenwich, New York

[1/4] Police gather drugs ahead of burning six tonnes of cocaine, hashish and other substances to mark the United Nations' International Day Against Drug Abuse, in Lisbon, Portugal, June 26, 2023. REUTERS/Miguel PereiraLISBON, June 26 (Reuters) - Portuguese police on Monday burned six tonnes of cocaine, hashish and other substances to mark the United Nations' international day against drug abuse and illicit trafficking at a time the illegal trade is booming worldwide. Sousa said 11 tonnes of cocaine, 30 tonnes of hashish and smaller amount of other types of drugs have been seized in Portugal so far in 2023, already above the amounts seized last year as a whole. He said most of the cocaine was trafficked from Latin America and the Caribbean, while the hashish came from Morocco. Sousa said Portuguese authorities needed more resources to tackle the surge as the southern European nation, facing the Atlantic Ocean, was a key entry point of drugs into the European continent.

Persons: Miguel Pereira LISBON, Rui Sousa, Sousa, Catarina Demony, Miguel Pereira, Angus MacSwan Organizations: Police, Nations, REUTERS, United Nations Office, Drugs, Portuguese, Thomson Locations: Lisbon, Portugal, America, Caribbean, Morocco, Europe, European

New capacity in China is expected to make up more than half of that growth, according to the International Energy Agency. Reuters GraphicsIn 2023, WoodMac sees China's output growth creating a local surplus of 4.24 million metric tons of ethylene and an even bigger oversupply of propylene at 8.69 million metric tons. Reuters GraphicsMARKET SHARE BATTLENewly launched refinery complexes by state giant PetroChina's (601857.SS) Guangdong Petrochemical and privately-run Jiangsu Shenghong Petrochemical have added to surging petrochemical supply from mega refiners Zhejiang Petrochemical Corp and Hengli Petrochemical (600346.SS) that has come online in recent years. Rongsheng Petrochemical (002493.SZ) and Hengyi Petrochemical (000703.SZ) swung to net losses in the first quarter. While Chinese demand from some sectors such as inexpensive clothing and daily essentials is robust, other sectors such as automative have yet to recover in line with expectations, said Salmon Lee, global head of polyesters at consultancy WoodMac.

Persons: Chen, refiners, China's, Wood Mackenzie, WoodMac, Ganesh Gopalakrishnan, TotalEnergies's, Salmon Lee, Lee, Mohi Narayan, Andrew Hayley, Matthew Chye, Florence Tan, Sonali Paul Organizations: REUTERS, Reuters, International Energy Agency, Reuters Graphics, Guangdong Petrochemical, Jiangsu Shenghong Petrochemical, Zhejiang Petrochemical Corp, Hengli Petrochemical, Sinopec, Rongsheng Petrochemical, Hengyi Petrochemical, Thomson Locations: Dalian, Liaoning province, China, Asia, Europe, U.S, Guangdong, Jiangsu, China's, New Delhi, Beijing

☆ Robert F. Kennedy Jr.'s presidential run gets support from Wall Street veteran Omeed Malik
▼ + stars: | 2023-06-21 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

Robert F. Kennedy Jr., the anti-vaccine activist who's now running for president, has another wealthy backer in his corner: veteran Wall Street executive Omeed Malik. Representatives for Kennedy, Clinton, Pompeo, Summers and Lasry did not return requests for comment about the dinner. Kennedy is the son of former Attorney General Robert F. Kennedy, who was assassinated during his own presidential run in 1968, and the nephew of late President John F. Kennedy, who was shot dead in 1963. Billionaire Twitter owner Elon Musk hosted Kennedy in a recent Twitter Spaces. He later hosted a glitchy Twitter Spaces for the Florida Republican when he announced his run for president.

Persons: Robert F, Kennedy Jr, who's, Omeed Malik, Malik, Kennedy, Hillary Clinton, Trump, Gary Cohn, Mike Pompeo, Boris Johnson, Larry Summers, Marc Lasry, Cohn, Clinton, Pompeo, Summers, Lasry, Johnson, Joe Biden's, Biden, Donald Trump, John F, David Sacks, Chamath Palihapitiya, Sacks, Elon Musk, Musk, Ron DeSantis Organizations: Wall, Bellagio, Business, UK, Democratic, Financial, Quinnipiac, Kennedy, Venture, Republicans, Billionaire Twitter, Florida Gov, Florida Republican Locations: Las Vegas

☆ Countries back weakened EU nature law, seek more biodiversity funding
▼ + stars: | 2023-06-20 | by ( Kate Abnett | ) www.reuters.com time to read: +3 min

Germany, Lithuania and Romania were among countries that had raised concerns over funding. POLITICAL PUSHBACKEU climate chief Frans Timmermans told reporters he was not worried by countries' tweaks to make the law more flexible. But he criticised lawmakers in the European Parliament who are trying to block the law and are refusing to negotiate. EU countries and the European Parliament must both approve the final bill. A motion by EU lawmakers to reject the entire proposal last week failed by a razor-thin margin, ahead of a full EU Parliament vote in July.

Persons: Eamon Ryan, Christianne van der Wal, Frans Timmermans, Timmermans, Kate Abnett, Jonathan Oatis, Gareth Jones Organizations: Sierra, EU, Union, European Commission, Reuters, EU Parliament's, Thomson Locations: Andalusia, Nieves, Brussels, LUXEMBOURG, Germany, Lithuania, Romania, Ireland, Netherlands

Despite hitting an 18-month low of 4.70% in April, analysts do not expect India's inflation to fall to the Reserve Bank of India's (RBI) 4% medium-term target in a sustainable manner for some time. India has raised rates by 250 basis points (bps) since May 2022, but surprised analysts in April by keeping them unchanged. India's hold on rates contrasts with recent central bank actions elsewhere. "Our goal is to achieve the inflation target of 4% and keeping inflation within the comfort band of 2-6% is not enough," Das said. Das said that the central bank would remain "nimble" with its liquidity operations amid spikes in overnight rates despite surplus liquidity in the banking system.

Persons: Shaktikanta Das, OIS, Das, Michael Patra, Suvodeep Rakshit, Gaura Sen Gupta, Swati Bhat, Sudipto Ganguly, Ira Dugal, Krishna N, Sam Holmes, Kim Coghill Organizations: REUTERS, Reserve Bank of India's, MPC, Reserve Bank of Australia, Bank of Canada, Reuters, Reuters Graphics Reuters, IDFC, Thomson Locations: Delhi, India, Anushree, MUMBAI

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