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☆ White House wants aviation bill to include new consumer protections
▼ + stars: | 2023-07-17 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

The House is set to vote this week on legislation authorizing funding for the Federal Aviation Administration (FAA), but Republicans excluded many consumer protections sought by Democratic President Joe Biden. The White House said in a statement of administration policy that "the disclosure requirements currently in place for passenger tickets are necessary to help consumers comparison shop for a ticket." Most carriers voluntarily committed last August to provide hotels or meals but resisted providing cash compensation for delays. The White House also expressed concern in the statement about the House bill's proposal to raise the mandatory commercial pilot retirement age to 67 from 65 - a change opposed by major aviation unions. "Making this change without doing research and establishing any necessary policies would be outside the international standard," the White House said.

Persons: Joe Biden, Jan Schakowsky, Alexandria Ocasio, Cortez, Schakowsky, Biden, May, David Shepardson, Will Dunham Organizations: Monday, Republicans, Federal Aviation Administration, FAA, Democratic, Transportation Department, European Union, White, Thomson Locations: Alexandria

During those COP27 climate talks last year in Egypt, China's top climate envoy, Xie Zhenhua, made an unexpected appearance at a meeting of the Global Methane Partnership, a U.S.-EU led initiative aimed at slashing 2020-level methane emissions by 30% by the end of this decade. Xie said China had drafted a plan with concrete measures to curb methane emissions from energy, agriculture and waste. COAL GASTwo big sources of methane emissions growth in China are livestock and rice production, neither of which are included in the country's climate plans. China is the world's largest source of methane from coal mines, with 28% of the world's biggest methane emissions points, according to Antoine Halff, co-founder of the environmental research group Karryos. "When you look around at the sources of coal mine methane worldwide, China is three or four times bigger than the next country's coal mine methane emissions," Banks said.

Persons: John Kerry, Kerry, Xie Zhenhua, Xie, Jonathan Banks, Joe Biden, Biden, Banks, Antoine Halff, Halff, Valerie Volcovici, David Stanway, Dominique Patton, Timothy Gardner, Katy Daigle, Will Dunham Organizations: Sunday, Methane Partnership, EU, Air Task Force, Program, Lawrence Berkeley National Laboratory, Task Force, Thomson Locations: BEIJING, U.S, China, Beijing, United States, Washington ., Glasgow, Sharm el, Egypt, Dubai, Shanxi, Boston, Singapore, Washington

☆ Webb telescope captures tantalizing evidence for mysterious 'dark stars'
▼ + stars: | 2023-07-17 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

Dark matter, invisible material whose presence is known mainly based on its gravitational effects at a galactic scale, would be a small but crucial ingredient in dark stars. Based on the Webb data, these objects could be either early galaxies or dark stars, Freese said. Conditions in the early universe may have been conducive to formation of dark stars, with high dark matter densities at the locations of star-forming clouds of hydrogen and helium. Freese and two colleagues first proposed the existence of dark stars in 2008, basing the name on the 1960s Grateful Dead song "Dark Star." And then you can learn about the properties of dark matter particles by studying a variety of dark stars of different masses."

Persons: James Webb, Webb, Katherine Freese, Freese, Cosmin Ilie, Will Dunham, Rosalba O'Brien Organizations: University of Texas, Austin, National Academy of Sciences, Colgate University, Thomson

☆ Black Sea grain deal to expire Monday if Russia quits
▼ + stars: | 2023-07-17 | by ( Michelle Nichols | ) www.reuters.com time to read: +4 min

Russia's February 2022 invasion and blockade of Ukraine's Black Sea ports sent global grain prices soaring. The United Nations has argued that the arrangement has benefited those states by helping lower food prices more than 20% globally. Russia has agreed three times in the past year to extend the Black Sea deal, but also briefly suspended its participation at the end of October in response to a drone attack on its fleet in Crimea. To convince Russia to agree to the Black Sea deal, a three-year deal was also struck in July 2022 under which U.N. officials agreed to help Russia get its food and fertilizer exports to foreign markets. U.N. Secretary-General Antonio Guterres made a final effort on Tuesday to convince Russian President Vladimir Putin to extend the Black Sea grain deal for several months in exchange for the EU connecting a subsidiary of Rosselkhozbank to SWIFT for grain and fertilizer transactions, sources said.

Persons: Russia's, Sergei Lavrov, James, Antonio Guterres, Vladimir Putin, Guterres, Putin, Michelle Nichols, Will Dunham Organizations: UNITED NATIONS, United, United Nations, . Security, British, Food, Russian Agricultural Bank, SWIFT, European Union, EU, JPMorgan Chase &, reassurances, U.S ., The United Nations, African Export, Import Bank, Reuters, Thomson Locations: Ukraine, Russia, United Nations, Turkey, Ukraine's, Britain, Afghanistan, Sudan, Djibouti, Ethiopia, Kenya, Somalia, Yemen, Asia, Western Europe, Africa, Eastern Europe, Crimea, Moscow, SWIFT, Rosselkhozbank

☆ Lilly drug slows Alzheimer's by 60% for mildly impaired patients in trial
▼ + stars: | 2023-07-17 | by ( Deena Beasley | ) www.reuters.com time to read: +5 min

Lilly expects the U.S. Food and Drug Administration to decide by the end of this year whether to approve donanemab. The company had previously reported that 24% of the overall donanemab treatment group had brain swelling. The deaths of three trial patients were linked to the treatment, researchers reported. For high tau patients, donanemab was shown to slow disease progression by about 17%, while the benefit was 35% for those with low-to-intermediate tau levels. Both medications are also being studied in large trials to see if they have an impact on delaying onset of Alzheimer's disease symptoms.

Persons: Seth Gale, Brian Snyder, Eli Lilly, Anne White, Lilly, Susan Kohlhaas, Liana Apostolova, White, Liz Coulthard, donanemab, Deena Beasley, Ludwig Burger, Will Dunham, Bill Berkrot, Caroline Humer Organizations: Alzheimer Research, Brigham, Women’s, REUTERS, Alzheimer's Association International, U.S . Food, Drug Administration, Alzheimer’s Research, Indiana University School of Medicine, Doctors, University of Bristol, JAMA, FDA, Alzheimer's Association, Health Organization, New York Stock Exchange, Thomson Locations: Boston , Massachusetts, U.S, Amsterdam, Eisai

☆ Alzheimer's diagnosis revamp embraces rating scale similar to cancer
▼ + stars: | 2023-07-16 | by ( Julie Steenhuysen | ) www.reuters.com time to read: +4 min

July 16 (Reuters) - Alzheimer's disease experts are revamping the way doctors diagnose patients with the progressive brain disorder - the most common type of dementia - adopting a seven-point rating scale based on cognitive and biological changes in the patient. "Stage 1a is really the beginning of evidence that someone has the disease," Jack said. The new scale also includes a Stage 0 for people who carry genes that guarantee they will develop Alzheimer's. Noting the new system's similarity to cancer stages, Jack said, "There's no such thing as mild breast cancer. Jack also noted that many other conditions can cause dementia but not all dementia is Alzheimer's disease.

Persons: Clifford Jack, Eli Lilly's, Maria Carrillo, Jack, Julie Steenhuysen, Will Dunham Organizations: Alzheimer's Association, Mayo Clinic, National Institute of Aging, government's National Institutes of Health, Drug Administration, FDA, Down, Thomson Locations: Amsterdam, Rochester , Minnesota, Chicago

She also accused Lopez Obrador of using "the full apparatus of the state" against her. Lopez Obrador cannot run again because Mexican law restricts presidents to a single six-year term. It is not the first time Lopez Obrador has published financial information about a political adversary. Last year, Lopez Obrador released the purported earnings of journalist Carlos Loret de Mola, a prominent critic of the president. Lopez Obrador touted the amount of business Galvez had supposedly won during a regular press conference earlier on Friday, prompting Galvez to challenge him to back up his claims.

Persons: Andres Manuel Lopez Obrador, Lopez Obrador, Xochitl Galvez, Galvez, Lopez, MORENA, Carlos Loret de Mola, Kylie Madry, Dave Graham, Will Dunham Organizations: MEXICO CITY, Twitter, Regeneration, Thomson Locations: MEXICO

☆ US Republican 2024 hopefuls defend Ukraine support at Iowa conservative forum
▼ + stars: | 2023-07-14 | by ( James Oliphant | ) www.reuters.com time to read: +4 min

[1/2] Former U.S. President and Republican presidential candidate Donald Trump attends a campaign event in Council Bluffs, Iowa, U.S., July 7, 2023. Senator Tim Scott of South Carolina both argued that it remains vital for the United States to push back against Russian aggression. The United States has provided billions of dollars worth of weapons to Ukraine following Russia's February 2022 invasion. Pence appeared visibly frustrated by Carlson's assertions that the United States lacked a national interest in the Ukraine war. The ultimate goal for the United States, DeSantis added, should be "a sustainable peace in Europe," but he was not specific about how achieve that.

Persons: Donald Trump, Scott Morgan, Joe Biden, Tucker Carlson, Mike Pence, Tim Scott of, Vladimir Putin, Pence, Scott, Ron DeSantis, Putin, DeSantis, Vivek Ramaswamy, Trump, Biden, Nikki Haley, Carlson, Iowa's, James Oliphant, Ross Colvin, Will Dunham Organizations: U.S, Republican, REUTERS, Republican U.S, Ukraine, Family, Democratic, former Fox News, United, NATO, America, U.S ., Biden, Trump, Reuters, Republicans, Capitol, Thomson Locations: Bluffs , Iowa, U.S, Iowa, Russia, Des Moines, Tim Scott of South Carolina, United States, Ukraine, United, Florida, Europe

[1/2] U.S. Senate Minority Leader Mitch McConnell (R-KY) speaks to the media after the weekly Senate Republican caucus luncheon with Republican leadership Senator Steve Daines (R-MT) and John Thune (R-SD), at the U.S. Capitol in Washington, U.S., February 14, 2023. It underscored that a high-quality candidate is crucial," Senate Republican leader Mitch McConnell said in an interview. Thirty-four of the 100 U.S. Senate seats will be up for grabs next year. In the 2022 congressional elections, Trump backed controversial Senate candidates including Oz in Pennsylvania and former football star Herschel Walker in Georgia, who both lost to Democrats. Had Republican candidates prevailed in those races, the party would have emerged with a Senate majority.

Persons: Mitch McConnell, Steve Daines, John Thune, Evelyn Hockstein, Daines, David McCormick, McCormick, Mehmet Oz, Donald Trump, John Fetterman, Dave, He's, Trump, Joe Biden, McConnell, Biden, Herschel Walker, Gary Peters, Ron DeSantis, Tim Sheehy, Sam Bowman, Jim Justice, Sheehy, Jon Tester, Matt Rosendale, David Morgan, Jarrett Renshaw, Will Dunham, Scott Malone Organizations: U.S ., Republican, U.S, Capitol, REUTERS, Democrats, Senate Republicans, Pennsylvania, Republican Senate, Democratic, Reuters, National Republican, TRUMP, Trump, Senate Democrats, Navy SEAL, Bridger Aerospace, Caucus, Senate, Thomson Locations: Washington , U.S, WASHINGTON, Montana, West Virginia, Nevada, In Pennsylvania, Arizona , Georgia, New Hampshire, Montana , West Virginia, Ohio, Arizona , Michigan, Montana , Nevada , Ohio, Pennsylvania, Wisconsin, Georgia, Florida, Washington, Philadelphia

☆ Senators move to require release of US government UFO records
▼ + stars: | 2023-07-14 | by ( Josephine Walker | ) www.reuters.com time to read: +3 min

WASHINGTON, July 14 (Reuters) - The Senate in the coming days is expected to consider a bipartisan measure that would compel the U.S. government to publicly release records relating to possible UFO sightings after decades of stonewalling. Their 64-page proposal is modeled after a 1992 U.S. law spelling out the handling of records related to the 1963 assassination of President John Kennedy. "Our goal is to assure credibility with regard to any investigation or record keeping of materials" associated with UAPs, Rounds said. Under the measure, records must be publicly disclosed in full no later than 25 years after the law is enacted unless the U.S. president certifies that continued postponement is necessary because of a direct harm to national security. The Pentagon has investigated numerous unexplained sightings reported by military aviators and NASA formed a special panel to look into UAPs.

Persons: Chuck Schumer, Mike Rounds, John Kennedy, Schumer, Rounds, Harry Reid, Josephine Walker, Richard Cowan, Will Dunham Organizations: Senate, Democrat, Republican, Senate's Intelligence, Armed Services, U.S . National Archives, Records Administration, Democratic, U.S . Navy, Pentagon, NASA, Thomson Locations: stonewalling, U.S, Congress

☆ UN waits for Russian answer as Black Sea grain deal deadline looms
▼ + stars: | 2023-07-14 | by ( Michelle Nichols | ) www.reuters.com time to read: +3 min

Guterres wrote to Putin on Tuesday asking him to extend the Black Sea deal in return for connecting a subsidiary of Russia's Agricultural Bank (Rosselkhozbank) to the international payment system SWIFT, sources told Reuters. The last ship traveling under the Black Sea deal is loading its cargo at Ukraine's Odesa port. U.S. Secretary of State Antony Blinken on Friday pushed for Russia to extend and expand the Black Sea deal, accusing Russia of using the agreement "as a weapon" by threatening to end it. To convince Russia to agree to the Black Sea deal, a three-year memorandum of understanding was struck in July 2022 under which U.N. officials agreed to help Russia get its food and fertilizer exports to foreign markets. The EU is considering connecting a Rosselkhozbank subsidiary to SWIFT to allow for grain and fertilizer transactions, sources familiar with discussions said on Wednesday.

Persons: Antonio Guterres, Vladimir Putin, Guterres, Putin, SWIFT, We're, U.N, Stephane Dujarric, Tayyip Erdogan, Antony Blinken, Blinken, Michelle Nichols, Will Dunham Organizations: UNITED NATIONS, United Nations, Russia's Agricultural Bank, Reuters, Kremlin, TASS, U.S, Ukraine, EU, SWIFT, Thomson Locations: Ukraine, Russia, Moscow, Turkey, Jakarta, EU

WASHINGTON, July 13 (Reuters) - Partnering with Coinbase Global (COIN.O) may hinder rather than help Nasdaq's (NDAQ.O) bid to win regulatory approval for a bitcoin exchange-traded-fund it wants to launch with BlackRock (BLK.N). The SEC has denied previous spot bitcoin ETF proposals on the basis that they would be vulnerable to manipulation. The SEC last month sued Coinbase, escalating SEC chair Gary Gensler's crackdown on the crypto industry. And with roughly 56% of U.S. dollar bitcoin trading, according to Nasdaq's filing, Coinbase is integral to the U.S. bitcoin market. All told, the SEC has 240 days after it accepts the bitcoin ETF filing applications to make a decision.

Persons: Larry Fink, Bitcoin, Coinbase, Gary Gensler's, John Reed Stark, Sui Chung, Gensler, Joseph Silvia, Dickinson Wright, Silvia, Chung, Richard Marshall, Katten, Marshall, Michelle Price, John McCrank, Hannah Lang, Will Dunham Organizations: Coinbase, BlackRock, Nasdaq, U.S . Securities, Exchange Commission, SEC, Cboe Global, Fidelity, FOX Business, Internet Enforcement, BlackRock's, Reuters, Thomson Locations: BlackRock, U.S

The satellite, which was launched onboard SpaceX's Falcon Heavy rocket on April 30, is a key part of Viasat's plan to expand its broadband business in the Americas. The stock was on course for its biggest one-day percentage decline on record, surpassing a 27.7% drop in April 2001, per Refinitiv data. The company said it is working to minimize the economic impact of the faulty satellite by redeploying other satellites from its fleet. Viasat in May completed its $7.3 billion acquisition of British satellite rival Inmarsat after securing approval from European Union regulators. Viasat owns and operates four geostationary earth orbit satellites while Inmarsat has 15.

Persons: Inmarsat, Chibuike Oguh, Will Dunham Organizations: YORK, Viasat, U.S, ViaSat, European Union, Thomson Locations: Americas, California, British, New York

☆ NASA rover reveals new evidence about organic molecules on Mars
▼ + stars: | 2023-07-13 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

The latest evidence comes from an instrument called SHERLOC mounted on the six-wheeled rover's robotic arm that enables a detailed mapping and analysis of organic molecules. They obtained evidence indicating the presence of organic molecules in multiple rock samples, including some collected for potential return to Earth for future analysis. Signs of organic molecules were first detected on Mars in 2015 by a different rover called Curiosity, followed by more evidence in subsequent years. With Perseverance now detecting possible signatures of organic molecules, the evidence is accumulating that organic molecules may be relatively common on Mars, though at low levels. "There are both biotic and abiotic mechanisms that can form organic molecules.

Persons: astrobiologist Sunanda Sharma, Sherlock Holmes, WATSON, Ryan Roppel, Roppel, Will Dunham, Rosalba O'Brien Organizations: Jet Propulsion Laboratory, University, Pittsburgh, Thomson Locations: California, Jezero

☆ Wall Street cheers cool CPI with stock rally; dollar, yields decline
▼ + stars: | 2023-07-12 | by ( Lawrence Delevingne | Thomson Reuters | Delevingne Works Primarily On Enterprise Stories Related To Finance. He Joined Reuters In | ) www.reuters.com time to read: +4 min

REUTERS/Ralph OrlowskiSummaryCompanies U.S. CPI data for June shows inflation slowdownWall Street stocks gainDollar, Treasury yields dropOil and gold gainJuly 12 (Reuters) - Wall Street stocks advanced on Wednesday and the dollar and Treasury yields fell after new U.S. inflation data showed a slowdown in the seemingly relentless rise of consumer prices. The Consumer Price Index (CPI) gained just 0.2% last month, the Labor Department said on Wednesday, lifted by rises in gasoline prices as well as rents, which offset a decrease in prices of used motor vehicles. Shares of big tech-related companies, which tend to be sensitive to higher interest rates, gave the S&P 500 its biggest boost. /FRXU.S. Treasury yields also dropped, with the 10-year Treasury yield now at 3.865%, down 11.9 basis points . Wall Street banks overall are expected to report higher profits as rising interest payments offset a downturn in deal making.

Persons: Ralph Orlowski, Alexandra Wilson, Elizondo, Bryce Doty, Australia's, Wells, Scott Wren, Wren, Brent, Lawrence Delevingne, Marc Jones, Ankur Banerjee, Jan Harvey, Chizu Nomiyama, Will Dunham, Mark Heinrich Our Organizations: REUTERS, Companies U.S, Treasury, Index, Labor Department, Dow Jones, Nasdaq, Goldman Sachs Asset Management, CPI, Bank of England, U.S, Sit Investment, Fed, Japan's Nikkei, JPMorgan, Citigroup, Wells, Investment Institute, Brent, Wednesday, Thomson Locations: Frankfurt, Germany, U.S, Minneapolis, Asia, Wednesday ., Boston, London, Singapore, Carolina, New York

[1/2] Former U.S. President Donald Trump's White House chief strategist Steve Bannon attends his arraignment at the New York Criminal Courthouse in New York, U.S., September 8, 2022. Steven Hirsch/Pool via REUTERS/File PhotoJuly 12 (Reuters) - Steve Bannon and Michael Flynn, two allies of former U.S. President Donald Trump, must answer questions under oath in voting technology company Smartmatic's defamation lawsuit against right-wing media outlet Newsmax, court records showed on Wednesday. Florida-based Smartmatic served subpoenas on Bannon, who served as a White House strategist under Trump, and Flynn, who briefly served as national security adviser, on Wednesday, according to documents filed in Delaware state court. Bannon and Flynn representatives did not immediately respond to requests for comment, nor did Smartmatic and Newsmax. Bannon, an influential figure on the American right, worked on Trump's 2016 campaign and later in the White House.

Persons: Donald Trump's, Steve Bannon, Steven Hirsch, Michael Flynn, Donald Trump, Smartmatic, Bannon, Flynn, Joe Biden, Trump, Mike Pence, Jack Queen, Will Dunham Organizations: U.S, House, New, Criminal, Trump, Democratic, Fox, Fox News, Fox Corp, Dominion Voting Systems, Capitol, U.S ., Army, White House, FBI, Thomson Locations: New York, U.S, . Florida, Delaware, Russian, United States

☆ Stunning Webb telescope image shows closest star-forming region
▼ + stars: | 2023-07-12 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

The Rho Ophiuchi cloud complex, the closest star-forming region to Earth, is seen in a composite of separate exposures acquired by the James Webb Space Telescope using the NIRCam instrument released July 12, 2023. The Webb telescope, which was launched in 2021 and began collecting data last year, has reshaped the understanding of the early universe while taking stunning pictures of the cosmos. Rho Ophiuchi is only about a million years old, a blink of the eye in cosmic time. The Rho Ophiuchi images shows how Webb gives us a new window into the formation of stars and planets," Pontoppidan said. The orbiting observatory was designed to be far more sensitive than its Hubble Space Telescope predecessor.

Persons: James Webb, Klaus Pontoppidan, Alyssa Pagan, Handout, Webb, Pontoppidan, Hubble, Bill Nelson, Will Dunham, Rosalba O'Brien Organizations: NASA, ESA, CSA, REUTERS, Wednesday, James Webb Space Telescope, Jet Propulsion Laboratory, Hubble, Telescope, Thomson Locations: REUTERS WASHINGTON

WASHINGTON/LONDON, July 12 (Reuters) - Chinese state-linked hackers since May have secretly accessed email accounts at around 25 organizations, including U.S. government accounts, in a stealthy cyberespionage campaign, Microsoft (MSFT.O) and U.S. officials said on Wednesday. Microsoft did not say which organizations or governments had been affected, but added that the hacking group involved primarily targets entities in Western Europe. White House National Security Council spokesman Adam Hodge said an intrusion in Microsoft's cloud security "affected unclassified systems," without elaborating. The State Department "detected anomalous activity" and "took immediate steps to secure our systems," a department spokesperson said in a statement. Private sector cybersecurity experts have said newly discovered hacking activity shows how Chinese groups are improving their cyber capabilities.

Persons: Jake Sullivan, ABC's, Adam Hodge, Hodge, John Hultquist, Will Dunham Organizations: WASHINGTON, Microsoft, White House, U.S . State Department, ., White, National Security, The State Department, U.S, Thomson Locations: LONDON, U.S, United States, Western Europe, China's, London, China

☆ Canadian lake sediments reveal start of Earth's Anthropocene age, scientists say
▼ + stars: | 2023-07-11 | by ( David Stanway | ) www.reuters.com time to read: +5 min

Presence of plutonium and other evidence was found in core samples of the Crawford Lake sediments. The Anthropocene epoch is proposed as a chapter in Earth's history reflecting the transformation of the planet's climate and ecology as a result of human activity. The Anthropocene epoch has not yet been formally recognised by a scientific body called the International Commission on Stratigraphy. The scientists obtained core samples of sediment at Crawford Lake and sediments, soils, corals and ice samples at the other 11 sites. Crawford Lake sediments provided a record of accelerating changes that have unfolded in the past few decades, including traces of fly ash produced by burning fossil fuels.

Persons: Crawford, Colin Waters, we've, Waters, Francine McCarthy, Andrew Cundy, Bill Laurance, David Stanway, Will Dunham Organizations: University of Leicester, International, Crawford Lake, Brock University, Industrial, University of Southampton, James Cook University, Thomson Locations: Crawford, Canada's Ontario, Toronto, Britain, Canada, Australia, Singapore

The Justice Department in a filing sought a stay pending its appeal of the judge's preliminary injunction. Doughty's order specifically mentioned certain officials including Department of Homeland Security Secretary Alejandro Mayorkas and Jen Easterly, who heads the Cybersecurity and Infrastructure Security Agency. U.S. officials have said that in contacting social media companies they were aiming to tamp down misinformation about American elections and about COVID vaccines to curb preventable deaths. It raises grave separation-of-powers concerns," the Justice Department filing said, referring to the Constitution's division of powers among the executive, legislative and judicial branches of the U.S. government. The judge's order made some exceptions for communications between government officials and the companies, including to warn about risks to national security and about criminal activity.

Persons: Dado Ruvic, Joe Biden's, Terry Doughty, Doughty, Donald Trump, Alejandro Mayorkas, Kanishka Singh, Will Dunham, Mike Scarcella Organizations: Twitter, YouTube, REUTERS, WASHINGTON, U.S . Justice, Republican, New, Circuit, District, Department of Health, Human Services, U.S, Department, Department of Homeland, Infrastructure Security Agency . U.S, ., Thomson Locations: New Orleans, Louisiana, Missouri, Washington

[1/3] A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021. REUTERS/Andrew Kelly/File PhotoSummaryCompanies U.S., European shares tick up as traders eye CPI, earningsChina inflation surprisingly weak in JuneDollar, oil prices declineJuly 10 (Reuters) - Wall Street stocks rose slightly on Monday, while oil prices and the dollar dipped, as investors digested Chinese economic data and looked ahead to a key U.S. inflation report and corporate earnings. "Stubbornly high U.S. CPI inflation data this week could bolster the recent bond yield surge as markets expect the Fed to hike rates." Currently futures imply around a 90% probability of a rise to 5.25%-5.5% this month, up 25 basis points. The yield on 10-year U.S. notes fell 4 basis points on Monday to 4.008%.

Persons: Andrew Kelly, Matthias Scheiber, Wells, Michael Barr, Brent, Lawrence Delevingne, Nell Mackenzie, Mark Heinrich, David Evans, Will Dunham, Christina Fincher Organizations: Wall, New York Stock Exchange, REUTERS, Dow Jones, Nasdaq, Allspring Global Investments, Citigroup, JPMorgan, Citi, PepsiCo, BlackRock Investment, U.S, Federal Reserve, Federal, Thomson Locations: New York City , New York, U.S, China, reflating, London, Europe, Wells Fargo, BlackRock, Saudi Arabia, Russia, Boston

☆ US dollar drops to three-week low as Fed rate hikes nearly done
▼ + stars: | 2023-07-10 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +4 min

In afternoon trading, the dollar index , which tracks the U.S. currency against a basket of major peers, slid 0.3% to 101.98, a three-week low. With U.S. nonfarm payrolls out of the way, attention turns to U.S. inflation data due on Wednesday. The Norwegian crown firmed against the dollar and euro following Norway's inflation data. The Chinese yuan slumped against the dollar after weak inflation numbers in the world's second-largest economy. The weak Chinese data dragged down the Australian and New Zealand dollars, which are often used as liquid proxies for the Chinese yuan.

Persons: gainers, Mary Daly, nonfarm, Erik Nelson, Wells, Nelson, Gertrude Chavez, Dreyfuss, Alun John, Rae Wee, Jamie Freed, Ed Osmond, Emelia, Will Dunham, Sharon Singleton Organizations: Federal Reserve, San Francisco Fed, U.S, CPI, New, New Zealand, Thomson Locations: U.S, Wells Fargo, London, Europe, China, Norwegian, New Zealand, Singapore

☆ World Bank names CEOs to help bring private funds to climate, development finance
▼ + stars: | 2023-07-10 | by ( David Lawder | ) www.reuters.com time to read: +2 min

WASHINGTON, July 10 (Reuters) - The World Bank on Monday named 15 chief executive officers including financiers and asset managers to a group launched by the lender's president, Ajay Banga, aiming to marshal more private capital to combat climate change and boost investment in developing countries. Banga announced the initiative at a global finance summit in Paris last month alongside Mark Carney, the U.N. special envoy on climate action, and Shriti Vadera, chair of Prudential Plc (PRU.L). The World Bank and the CEOs will work "to develop, test, implement and ultimately scale financing structures that can most effectively mobilize private capital," Carney said in a statement. He said in a statement that the Private Investment Lab CEOs were a "crucial piece of the puzzle" to devise ways to pull more private sector investment into the intertwined challenges of poverty, climate and fragility. Reporting by David Lawder; Editing by Will Dunham and David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Ajay Banga, Joe Biden, King Charles . Banga, Mark Carney, Shriti Vadera, Carney, Thomas Buberl, Larry Fink, BlackRock, Noel Quinn, Hendrik du Toit, Jessica Tan, Sim Tshabalala, Bill Winters, Dilhan, Mark Gallogly, Banga, David Lawder, Will Dunham, David Gregorio Our Organizations: Bank, Investment, U.S, Prudential Plc, World Bank, AXA, HSBC, Shemara, Mitsubishi UFJ Financial, Ping An, Royal Philips, Standard Bank, Standard Chartered, Sustainable Energy, Tata Sons, Temasek, Cairns, Mastercard, Private Investment, Thomson Locations: Britain, Paris, Macquarie, Banga

☆ Alien planet with metallic clouds resembles 'a giant mirror in space'
▼ + stars: | 2023-07-10 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

Venus, the brightest object in Earth's night sky besides the moon, is our solar system's most reflective object, enrobed in toxic sulfuric acid clouds. An atmosphere with water-based clouds, as on Earth, would have been blown away by solar radiation long ago. But they believe its clouds are metallic, a combination of titanium and silicate - the stuff that makes up most of the rocks in Earth's crust. "We even think that the clouds could condense into droplets, and have titanium rain falling in parts of the atmosphere," Jenkins said. More than 5,000 planets beyond our solar system - called exoplanets - have been discovered, many with traits vastly different than our solar system's eight planets.

Persons: James Jenkins, Jenkins, Sergio Hoyer, Vivien Parmentier, Parmentier, James Webb, Will Dunham, Rosalba O'Brien Organizations: Diego Portales University, Center, Astrophysics, Associated Technologies, Marseille Astrophysics, Telescope, Thomson Locations: Chile, Marseille, France

☆ Brazil govt eyes sending income tax reform proposal to Congress
▼ + stars: | 2023-07-10 | by ( ) www.reuters.com time to read: +2 min

BRASILIA, July 10 (Reuters) - President Luiz Inacio Lula da Silva's government will not wait for Brazil's Congress to finish voting on a tax reform related to consumption before submitting its proposal for an income tax reform, Finance Minister Fernando Haddad said on Monday. "I will need Congress to consider this second phase (of tax reform) along with the budget bill," said Haddad, referring to the budget proposal that, by law, the government must submit by the end of August. The measure still requires final passage in the Senate, with no date yet set for a vote. According to Haddad, a carbon credit bill is set to be presented to Congress in August. Additionally, the government has scheduled an official presentation to attract companies interested in making products labeled as "clean energy," Haddad said.

Persons: Luiz Inacio Lula da Silva's, Fernando Haddad, Haddad, Brazil's, Lula, Marcela Ayres, Mark Porter, Will Dunham Organizations: Finance, Workers ' Party, Thomson Locations: BRASILIA

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