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The MSCI's broad gauge of world stocks ticked 0.2% higher, (.MIWD00000PUS), with Wall Street markets closed for the Juneteenth holiday. After a week in which the stock market cheered the Fed's decision to skip a rate increase in June, Powell is scheduled to deliver congressional testimony on Wednesday and Thursday. Billions of dollars have flowed into big tech in recent weeks, with analysts citing the productivity-improving potential of artificial intelligence for the rally. "The obvious narrative of AI has dominated this rally in tech stocks," said Dan Cartridge, portfolio manager at Hawksmoor. The 10-year British gilt yield stood at 4.462%, in an inverted yield curve pattern that can precede recessions.

Persons: BoE, Jerome Powell, Powell, Hawksmoor, Hong, HSI, Goldman Sachs, Brent, Naomi Rovnick, Stella Qiu, Tom Hogue, Gerry Doyle, Emma Rumney Organizations: Nikkei, Global, . Federal, Wall, Bank of England, Japan's Nikkei, People's Bank of, Friday's dovish Bank of Japan, European Central Bank, Thomson Locations: China, SYDNEY, Europe, U.S, Asia, Beijing, People's Bank of China

The MSCI's broad gauge of world stocks was steady (.MIWD00000PUS), with Wall Street markets closed for the Juneteenth holiday. After a week in which the stock market cheered the Fed's decision to skip a rate increase in June, Powell is scheduled to deliver congressional testimony on Wednesday and Thursday. "The obvious narrative of AI has dominated this rally in tech stocks," said Dan Cartridge, portfolio manager at Hawksmoor. "But a lot of it is also to do with interest rate expectations," he added, warning that the Fed staying hawkish would mean "we quite quickly see valuation compression again." Two-year British government bond yields , which reflect rate expectations, added 6 basis points (bps) to around 4.94% - near last week's 15-year high.

Persons: 25bps, Jerome Powell, Powell, Hawksmoor, Hong, HSI, Goldman Sachs, Brent, Naomi Rovnick, Stella Qiu, Christopher Cushing, Tom Hogue, Gerry Doyle Organizations: of England, Nikkei, Global, . Federal, Wall, Bank of England, Japan's Nikkei, People's Bank of, Friday's dovish Bank of Japan, European Central Bank, Thomson Locations: China, SYDNEY, Europe, U.S, Asia, Beijing, People's Bank of China

☆ South Korea's Yoon begins foreign tour for 2030 expo bid, Vietnam state visit
▼ + stars: | 2023-06-19 | by ( ) www.reuters.com time to read: +1 min

SEOUL, June 19 (Reuters) - South Korean President Yoon Suk Yeol departed Seoul for Paris on Monday to support his country's bid to host Expo 2030, part of a foreign trip that will also include meetings with the leaders of France and Vietnam, his office said. Yoon will address the general assembly of the International Bureau of Expositions (BIE), the organiser of the world fair, to promote South Korea's bid. Yoon will then head to Vietnam on Thursday for a three-day state visit, accompanied by a 205-person business delegation, his office said. 1 salesman" for South Korea, has made business deals and "sales diplomacy" a core element of his foreign trips since taking office. "It will be the largest business delegation since the launch of the Yoon Suk Yeol administration," Choi Sang-mok, senior presidential secretary for economy, said on Tuesday.

Persons: Yoon Suk Yeol, Yoon, Ukraine's Odesa, Emmanuel Macron, Yoon Suk, Choi, mok, Soo, hyang Choi, Gerry Doyle Organizations: Paris, International, South, NATO, Thomson Locations: SEOUL, Seoul, France, Vietnam, South Korean, Busan, Saudi Arabia's Riyadh, Italy's Rome, Madrid, South Korea

☆ Cathay Pacific to hire cabin attendants from mainland China from July
▼ + stars: | 2023-06-19 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, June 19 (Reuters) - Cathay Pacific Airways Ltd (0293.HK) said on Monday it would in July launch initiatives to improve Mandarin language and cultural understanding, including hiring cabin staff from mainland China, after three crew were fired over discrimination. The move came weeks after Cathay Pacific fired three flight attendants following passenger accusations of bias against non-English speakers, prompting criticism on Chinese state media. The discrimination incident in May went viral on mainland Chinese social media platforms and prompted a torrent of criticism by Chinese state media and Hong Kong government officials, including leader John Lee. At the time, a passenger on a flight from the southwestern Chinese city of Chengdu to Hong Kong wrote in an online post that flight attendants complained among themselves about passengers in English and Cantonese. They said the flight attendants made fun of others for asking for a carpet instead of a blanket in English.

Persons: Ronald Lam, John Lee, Twinnie Siu, Farah, Gerry Doyle Organizations: Cathay Pacific Airways Ltd, HK, Reuters, Cathay, Cathay Pacific, Thomson Locations: HONG KONG, China, Hong Kong, Chengdu

☆ Support for Japan PM Kishida's cabinet slumps, Mainichi Shimbun poll shows
▼ + stars: | 2023-06-19 | by ( ) www.reuters.com time to read: +1 min

TOKYO, June 19 (Reuters) - Support for Japanese Prime Minister Fumio Kishida's cabinet slid 12 percentage points to 33%, coming off a peak during a Group of Seven leaders summit in Hiroshima, the Mainichi Shimbun reported on Sunday, citing its own poll. The disapproval rate rose to 58% from 46% in the previous survey in late May, after a scandal involving Kishida's eldest son and a series of technical problems with the national identity card system, according to Mainichi, which conducted the poll over the weekend. Approval for the Kishida government had been on the upswing in the run up to the G7, reaching the highest level last month since August 2022, Mainichi said. Some had speculated Kishida would call a snap election in advance of the party leadership race next year. A separate poll conducted by the Kyodo news agency showed on Sunday that support for Kishida's cabinet sank to 40.8% from 47% in May.

Persons: Fumio, Rocky Swift, Gerry Doyle Organizations: Japanese, Seven, Mainichi Shimbun, Mainichi, Kyodo, Thomson Locations: TOKYO, Hiroshima

☆ Micron says committed to China, invests $602 mln in existing plant
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +1 min

Micron made no mention of the review's decision in its Friday statement, posted on WeChat. "This investment projects demonstrates Micron's unwavering commitment to its China business and team," it quoted CEO Sanjay Mehrotra as saying. Micron and Powertech did not immediately respond to requests for comment. This would bring Micron's workforce in China to more than 4,500 people, the company added. ($1 = 7.1337 yuan)Reporiting by Beijing newsroom; Editing by Muralikumar Anantharaman and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Sanjay Mehrotra, Muralikumar Anantharaman, Gerry Doyle Organizations: Micron, Technology Inc, Powertech, Thomson Locations: BEIJING, China, Xian, United States, Powertech's, Beijing

The Defense... Read moreSEOUL, June 16 (Reuters) - South Korea has recovered from the sea part of a rocket used in North Korea's failed attempt to launch its first military satellite last month, the Joint Chiefs of Staff said on Friday. The announcement came about two weeks after North Korea unsuccessfully tried to launch its first spy satellite, with the booster and payload plunging into the sea. South Korea began retrieving debris shortly after the launch, and had already recovered smaller parts. Lee Choon-geun, a honorary research fellow at South Korea's Science and Technology Policy Institute, said the newly retrieved object appeared to be a fuel tank. On Friday, the U.S. guided-missile submarine USS Michigan arrived in South Korea for the first time since 2017 for joint special warfare exercises aimed at improving responses to North Korean threats, the South Korean navy said.

Persons: North Korea's, Lee Jong, Lee Choon, Chang Young, Chang, Soo, hyang Choi, Hyonhee Shin, Ed Davies, Gerry Doyle Organizations: South Korean, The Defense, Joint Chiefs, Staff, North, Korea's Defence, South Korea's Science, Technology Policy Institute, Korea Aerospace University, North Korean, Thomson Locations: Korea, South Korea, SEOUL, North, North Korea, United States, Seoul, Washington, Pyongyang, U.S, Michigan

HONG KONG, June 16 (Reuters) - China's Ministry of Foreign Affairs in Hong Kong said resolutions passed by the European Parliament on Thursday related to the Chinese controlled territory were a "despicable act" and "trampled" on the principles of international law. The European Parliament's resolution titled "The deterioration of fundamental freedoms in Hong Kong, notably the case of Jimmy Lai" urged Hong Kong's government to release and drop charges against the pro-democracy tycoon and other activists. It also called for the European Council to introduce "targeted sanctions" against city leader John Lee and other officials "responsible for the ongoing crackdown on human rights in Hong Kong". Government officials in Beijing and Hong Kong say that the law only targets a small number of "troublemakers" who threaten national security and that the rights and freedoms of ordinary Hong Kong people are protected. Lai, who is in prison, is facing four charges under the security law and a colonial era sedition law.

Persons: Jimmy Lai, Hong, John Lee, Lee, Lai, Lai's, Sebastien, Farah Master, Jessie Pang, Anne Marie Roantree, Gerry Doyle Organizations: China's Ministry of Foreign Affairs, European Council, United, Government, National Security Law, Thomson Locations: HONG KONG, Hong Kong, United States, Beijing, China

To help address that, Tokyo in April said it would offer like-minded countries military aid, including radars, that the officials said would help the Philippines plug defensive gaps. One, however, said the aid effort was a Japanese initiative and not anything the United States had pressed for. The Philippines Department of Foreign Affairs said it was not immediately able to comment on security aid from Japan or hosting Japanese troops. LOOSENING THE RULESThe scope of Japanese military aid is limited by a self-imposed ban on lethal equipment exports. But he said Japan and the United States are treading carefully in trilateral talks with the Philippines.

Persons: Read, Fumio, Katsutoshi Kawano, Joe Biden's, Jake Sullivan, Takeo Akiba, Eduardo Ano, Fumio Kishida, Volodymyr Zelenskiy, Kishida, Kawano, Ferdinand Marcos Jr, Marcos, Yusuke Ishihara, Tim Kelly, Sakura Murakami, Yukiko Toyoda, Neil Jerome Morales, Gerry Doyle Organizations: U.S, Marines, Warriors, Philippine Marine Corps, Japanese, Reuters, Washington, Japan's Ministry of Foreign Affairs, The Philippines Department of Foreign Affairs, Ukraine, Group, Seven, Self - Defence Forces, Staff, Japan's National Institute for Defense Studies, Thomson Locations: Philippine, Japan, South Korea, ”, Taguig City, Metro Manila, Philippines, TOKYO, Indonesia, Taiwan, Ukraine, East Asia, Tokyo, Pacific, China, Japanese, United States, Kyiv, Manila, Yonaguni, Britain, Australia

The hope can be seen in the domestic iron ore price, with contracts on the Dalian Commodity Exchange outperforming Singapore futures. There are also some fundamental supports for the iron ore price, most noticeably declining inventories at China's ports. In the same week last year, inventories were at 128.3 million metric tonnes, or 1.6% above the current level. China iron ore imports vs SGX price:SOFT ECONOMIC DATACountering the positive indicators for iron ore demand is a raft of underwhelming economic data that shows China's rebound after ending its strict zero-COVID policy in December has been uneven. The weak data may actually boost iron ore sentiment, as investors will expect further stimulus measures from Beijing.

Persons: SteelHome, Gerry Doyle Organizations: Dalian, Exchange, China Iron and Steel Association, National Bureau of Statistics, Retail, Reuters, Thomson Locations: LAUNCESTON, Australia, China, Beijing, Singapore, Dalian, April's

☆ Why Japanese Prime Minister Kishida may call a snap election soon
▼ + stars: | 2023-06-14 | by ( Elaine Lies | ) www.reuters.com time to read: +3 min

TOKYO, June 14 (Reuters) - Japanese Prime Minister Fumio Kishida is thought increasingly likely to call a snap election, perhaps within days. This could make it easier for Kishida to call a snap election because there are no pressing policy issues to rally voters. Calling an election soon could shorten preparation time and keep them on the back foot. Kishida and the LDP could come under fire for calling the election because of the lack of pressing issues. Only 11% of voters thought an election should be held "promptly" and another 19% "within this year," according to the NHK poll.

Persons: Fumio Kishida, Kishida, Volodymyr Zelenskiy, Elaine Lies, Gerry Doyle, Chang, Ran Kim Organizations: Liberal Democratic Party, Constitutional Democratic Party of Japan, NHK, Nikkei, Japan Innovation Party, Thomson Locations: TOKYO, Hiroshima

☆ China's efforts to catch up in global electronic spying race
▼ + stars: | 2023-06-14 | by ( Greg Torode | ) www.reuters.com time to read: +5 min

Aside from monitoring capabilities, a large, permanent presence on Cuba "is an important symbol, getting right under the noses of the U.S. and reflecting China's global ambitions", he said. In 2019, Reuters reported that China's military was running a space monitoring station in Argentina. Regional diplomats say that as China builds a global military intelligence network, it lacks a U.S.-style system of alliances and partnerships that can help discreet surveillance efforts. China's defence ministry declined to comment. "This trend is only going to grow alongside China's global reach," said Singapore-based defence analyst Alexander Neill.

Persons: Diego Garcia, Carl Thayer, China's, Antony Blinken, Alexander Neill, Greg Torode, Kirsty Needham, Laurie Chen, Gerry Doyle Organizations: People's Liberation Army, Australian Defence Force Academy of, Australian National University, PLA, Reuters, Defence, South China, International Institute for Strategic Studies, China, Support Force, Pentagon, Thomson Locations: HONG KONG, China, Cuba, Beijing, United States, U.S, Britain, Canada, Australia, New Zealand, Taiwan, Guam, British, CUBA, Coast, Florida, Russia, Moscow, Argentina, CHINA, Hainan, South, Southeast Asia, London, Namibia, Pakistan, Kenya, Myanmar, Sri Lanka, Tanzania, Angola, China's, Singapore, Sydney

There are about 900 U.S. personnel deployed to Syria, most of them in the east, as part of a mission fighting the remnants of the Islamic State. In March, 25 U.S. troops were wounded in strikes and counter-strikes in Syria, which also killed one U.S. contractor and injured another. U.S. forces first deployed into Syria during the Obama administration's campaign against Islamic State, partnering with a Kurdish-led group called the Syrian Democratic Forces. Thousands of other Islamic State fighters are in detention facilities guarded by Kurdish-led Syrian Democratic Forces, America's key ally in the country. U.S. officials say that Islamic State could still regenerate into a major threat.

Persons: Obama, Bashar al, Assad, Phil Stewart, Kanjyik Ghosh, Kim Coghill, Gerry Doyle Organizations: U.S, military's, Command, U.S . Central Command, Islamic State, Syrian Democratic Forces, Islamic, Thomson Locations: Syria, U.S, Islamic State, Iran, Kurdish, State, Iraq, Russia, Iranian, Washington, Bengaluru

☆ U.S. officials call spy program key to big cases, but give few details
▼ + stars: | 2023-06-13 | by ( Zeba Siddiqui | ) www.reuters.com time to read: +4 min

SAN FRANCISCO, June 12 (Reuters) - Senior U.S. government officials warned on Tuesday of serious national security risks if a key surveillance program set to expire this year isn't renewed, but declined to share specifics of cases in which it had been useful. But the agency has misused the program to spy on Americans numerous times, because the program also allows access to information of Americans in communication with foreigners. "It's not just useful or important or helpful, but at this point, it is vital to addressing a wide array of national security challenges." Among other reforms, the groups have called for requiring a warrant for searches of Americans’ information on the database. Requiring a warrant would be "profoundly harmful" to the country's national security, one U.S. official said.

Persons: isn't, It's, Zeba Siddiqui, Gerry Doyle Organizations: FRANCISCO, Senior U.S, Foreign Intelligence, U.S, Federal Bureau of Investigation, FBI, Colonial Pipeline, U.S ., Center for Democracy & Technology, Monday, National Intelligence, Thomson Locations: United States, U.S, China, Russia, Iran, North Korea, San Francisco

☆ Taiwan civil defence handbook includes tips on identifying Chinese soldiers
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +2 min

[1/2] All-Out Defence Mobilization Agency Director Shen Wei-chih poses with a printout of the newest version of Civil Defence Handbook after a press conference in Taipei, Taiwan, June 13, 2023. REUTERS/Angie TeoTAIPEI, June 13 (Reuters) - Taiwan's military released an updated civil defence handbook on Tuesday that for the first time includes a section on how to tell the difference between Chinese and Taiwanese soldiers based on their uniforms, camouflage and insignia. One of the changes includes illustrations of Taiwanese service personnel and "enemy soldiers" wearing Chinese military uniforms. The Taiwanese soldiers are shown smiling, whereas the Chinese ones have downturned mouths and a severe expression. It's actually quite hard to distinguish them," All-Out Defence Mobilisation Agency Director Shen Wei-chih told reporters at the defence ministry.

Persons: Shen Wei, chih, Angie Teo TAIPEI, Shen, Angie Teo, Ben Blanchard, Gerry Doyle Organizations: Defence, Agency, Civil, REUTERS, Army, Thomson Locations: Taipei, Taiwan, Beijing, Ukraine, Russia, China

☆ As climate change hits, China weighs new water megaprojects
▼ + stars: | 2023-06-13 | by ( David Stanway | ) www.reuters.com time to read: +5 min

"What they have been doing so far is using engineering solutions to try to physically supply water and fix their water problem," said Mark Wang, a geographer at Melbourne University who studies the impact of China's water infrastructure. "If China can reduce water use and increase efficiency, it doesn't need mega-diversion projects." Total investment in fixed water assets exceeded 1.1 trillion yuan ($154 billion) last year, up 44% compared with 2021, analysts said. It rose 15.6% to 407 billion yuan in the first quarter of 2023 and officials say even more funding will be made available. 'CHAIN REACTIONS'Part of the new plan involves the expansion of the South-North Water Diversion Project (SNWDP), an ambitious engineering project that diverts surplus Yangtze River water to the arid Yellow River basin in the north.

Persons: Li Guoying, Mark Wang, Wang, Genevieve Donnellon, Gorges, David Stanway, Gerry Doyle Organizations: of Water, Melbourne University, China's Ministry of Water Resources, Oxford Global Society, Diversion, Thomson Locations: China, SINGAPORE, Sichuan, Liangshan County, Poyang Lake, Tibet, India

☆ Japan's wholesale inflation eases, goods close to consumers continue to rise
▼ + stars: | 2023-06-12 | by ( Leika Kihara | ) www.reuters.com time to read: +2 min

Summary May wholesale prices up 5.1% yr/yr vs f'recast +5.5%Slowdown in wholesale inflation in line with BOJ viewFood, machinery prices up, signals broadening inflationTOKYO, June 12 (Reuters) - Japan's wholesale inflation slowed for a fifth consecutive month in May because of sliding fuel and commodity prices, data showed on Monday, a sign cost-push pressure that has driven up consumer inflation may be subsiding. The data underscores the central bank's view that consumer inflation will slow in coming months as global commodity prices slide from last year's peak levels. The corporate goods price index (CGPI), which measures the price companies charge each other for goods and services, rose 5.1% in May compared with a year earlier, BOJ data showed, slower than the median market forecast for a 5.5% gain. The rise came after a revised 5.9% increase in April and was well off the peak of 10.6% hit in December last year, as prices of electricity, fuel, nonferrous metals and chemical goods fell, data showed. Japan's core consumer inflation hit 3.4% in April as companies continued to raise prices, casting doubt on the BOJ's view that inflation will slowly move back below 2% toward the latter half of the current fiscal year ending in March 2024.

Persons: Leika Kihara, Kim Coghill, Gerry Doyle Organizations: Bank of Japan, Reuters, Thomson

☆ 'Kimberly Akimbo,' Tom Stoppard’s 'Leopoldstadt' among winners on writerless Tony night
▼ + stars: | 2023-06-12 | by ( Kathryn Lurie | ) www.reuters.com time to read: +3 min

[1/5] The cast of “Kimberly Akimbo” perform at the 76th Annual Tony Awards in New York City, U.S., June 11, 2023. REUTERS/Brendan McdermidJune 11 - “Kimberly Akimbo,” about a teenager who ages in reverse, and Tom Stoppard’s autobiographical “Leopoldstadt” were among the winners Sunday as the Tony Awards went on despite the Writers Guild of America strike. The three-hour telecast on CBS was hosted by Tony- and Academy Award-winner Ariana DeBose. Patrick Marber, who won best director of a play for “Leopoldstadt,” was among several winners who used their acceptance speeches to express support for the strike. The pre-show included the award for best regional theater, which went to the Pasadena Playhouse, and the Isabelle Stevenson Award, which went to director and choreographer Jerry Mitchell.

Persons: “ Kimberly Akimbo ”, Tony, Brendan Mcdermid, “ Kimberly Akimbo, Tom, Tony Awards, Ariana DeBose, Joel Grey, John Kander, Patrick Marber, “, ”, Marber, I’m, ” “ Kimberly Akimbo ”, Victoria Clark, ” Clark, Sean Hayes, Oscar Levant, Oscar, ” J, Harrison, Alex Newell, Newell, Lulu, Jodie Comer, Tessa, “ Prima, ” Michael Arden, Julianne Hough, Skyler Astin, Tonys, Isabelle Stevenson, Jerry Mitchell, Kathryn Lurie, Donna Bryson, Gerry Doyle Organizations: REUTERS, Writers Guild of America, CBS, Pasadena Playhouse, Thomson Locations: New York City, U.S, Washington Heights, Manhattan, York , New York, Piazza, London, “, “ Shucked

☆ China aircraft monitored US, France, Canada, Japan navy drill - media
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +2 min

BEIJING, June 12 (Reuters) - China deployed a reconnaissance aircraft over Pacific waters east of Taiwan last week that Chinese media said monitored and gathered intelligence on an exercise involving the navies of the United States, Japan, France and Canada. The islands separate the East China Sea from the Philippine Sea, and dot the West Pacific between Japan and Taiwan, which China claims as its territory. The Japanese defence ministry reported a sighting of a Y-9 reconnaissance variant in the Pacific on Thursday. A spokesperson for the Japanese ministry said on Monday it was analysing a piece of equipment attached to the undercarriage of the Y-9 variant that had not been seen before. Days before the quadrilateral exercise, the coast guards of the Philippines, United States and Japan held their first trilateral exercise off the coast of a western Philippine province.

Persons: USS Nimitz, Ronald Reagan, Albee Zhang, Ryan Woo, Tim Kelly, Gerry Doyle, Robeert Organizations: Global Times, U.S, USS, U.S ., U.S . 7th Fleet, Military, South China, Thomson Locations: BEIJING, China, Taiwan, United States, Japan, France, Canada, Ryukyu, Philippine, Beijing, East, Pacific, U.S, South, Philippines, Tokyo

☆ Oreo-maker Mondelez faces Nordic backlash over Russia business
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +2 min

OSLO, June 12 (Reuters) - Mondelez International (MDLZ.O), facing a widening corporate boycott in the Nordic region over its continued presence in Russia, said late on Sunday it had asked to meet with the Norwegian government to protect its local business. Airlines SAS and Norwegian Air, railway group SJ, hotel chain Strawberry, retailer Elkjop, shipping group Fjord Line and the Norwegian Football Association were among those announcing in recent days that they would stop selling Mondelez products. Although some Western companies sold their Russian assets after Moscow's invasion of Ukraine last year, others such as Mondelez have stayed despite pushback from employees in other countries. Nordic companies said their decision stop selling Mondelez products was based on an announcement this year by Ukraine's National Agency for the Prevention of Corruption to blacklist the snack maker and other groups. Mondelez said it maintained "limited" activity in Russia while halting investment and advertising, and had condemned the war.

Persons: Mondelez, Terje Solsvik, Gerry Doyle Organizations: Mondelez, Airlines SAS, Norwegian Air, SJ, Norwegian Football Association, Ukraine's National Agency for, Coop Norge, Thomson Locations: OSLO, Nordic, Russia, Norwegian, Norway, Sweden, Ukraine, U.S

☆ Dassault Systemes targets doubling of earnings per share by 2028, announces new CEO
▼ + stars: | 2023-06-09 | by ( ) www.reuters.com time to read: +1 min

June 9 (Reuters) - French software provider Dassault Systemes (DAST.PA) on Friday forecast a doubling of its earnings per share (EPS) by 2028, and announced a new CEO. Dassault said it plans to reach non-IFRS EPS between 2.20 euros and 2.40 euros by 2028, roughly double the 1.13 euros it posted for the full year of 2022. Proponents say subscription models give companies a more predictable revenue stream, which helps planning and managing costs. "Dassault Systèmes will increase its addressable markets from €100 billion today to €1 trillion by 2040," the company said in a statement. Reporting by Olivier Sorgho and Augustin Turpin; Editing by Tom Hogue and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Pascal Daloz, Bernard Charlès, Olivier Sorgho, Augustin Turpin, Tom Hogue, Gerry Doyle Organizations: Dassault, Thomson

☆ China envoy in South Korea warns of 'wrong bets' over Sino-U.S. rivalry
▼ + stars: | 2023-06-09 | by ( Hyonhee Shin | ) www.reuters.com time to read: +2 min

SEOUL, June 9 (Reuters) - South Korea might be making "wrong bets" in the Sino-U.S. rivalry, the Chinese ambassador in Seoul said, urging Seoul to stop "decoupling" from China and restore economic and diplomatic ties. Xing blamed Seoul for creating "difficulties" for bilateral ties by failing to respect Beijing's core interests, including Taiwan, while being influenced by the United States. Frankly, the blame does not lie with China," he said, according to a statement released by the embassy. Xing warned against making the "wrong judgment" on China because of the "interference of external factors" such as U.S. pressure. "In a situation where the United States is pressuring China with all its might, some are betting that the United States will win and China will lose.

Persons: Xing Haiming, Lee Jae, myung, Yoon Suk, Xing, Yoon, Hyonhee Shin, Gerry Doyle Organizations: China, Reuters, Thomson Locations: SEOUL, South Korea, U.S, Seoul, China, Taiwan, United States, Beijing

☆ House Republicans cancel vote to hold FBI director in contempt
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +1 min

June 7 (Reuters) - Republicans in the U.S. House of Representatives have abandoned plans for a vote on Thursday to hold FBI Director Christopher Wray in contempt of Congress over agency documents related to an alleged "criminal bribery scheme" involving President Joe Biden. The House Oversight and Accountability Committee had been set to vote over accusations that Wray and his agency refused to provide an unclassified document being sought by the panel's Republicans. Committee Chairman James Comer has said the document relates to "a trusted, highly credible informant" with information that Biden was "involved in a criminal bribery scheme." The White House has said Biden has not committed any wrongdoing and has accused Comer of spreading "thin innuendo to try to damage the president politically." Reporting by Dan Whitcomb and Rick Cowan; Editing by Eric Beech and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Christopher Wray, Joe Biden, Wray, James Comer, Biden, Comer, Dan Whitcomb, Rick Cowan, Eric Beech, Gerry Doyle Organizations: U.S . House, Republicans, Thomson Locations: U.S

☆ Biden to host thousands at White House Pride party
▼ + stars: | 2023-06-08 | by ( Nandita Bose | ) www.reuters.com time to read: +3 min

WASHINGTON, June 8 (Reuters) - President Joe Biden will host the largest White House Pride Month celebration in history on Thursday, in a deliberate contrast to a cascade of Republican legislation and other attacks targeting LGBTQ+ people. Biden, a Democrat, will host thousands of people on the White House's South Lawn for an evening celebration of LGBTQ+ families that will feature singer Betty Who and Baltimore DJ Queen HD. "This year we're seeing a disturbing surge in violent threats against LGBTQ community organizations," Tanden told reporters on a conference call. In April, the White House warned bills targeting LGBTQ kids and gender-affirming care for youth set a dangerous precedent. Florida has led restrictions of the LGBTQ community under governor Ron DeSantis, a Republican, who recently entered the battle for the 2024 presidential election, challenging Biden.

Persons: Joe Biden, Biden, Betty Who, Neera Tanden, Tanden, Barack Obama, Ron DeSantis, Nandita Bose, Jeff Mason, Trevor Hunnicutt, Heather Timmons, Gerry Doyle Organizations: White, Democrat, Baltimore DJ Queen, Republican, Gallup, Department of Education, Civil, The Department of Homeland Security, Department, Justice, Department of Health & Human Services, Human Rights, Thomson Locations: United States, statehouses, Florida, Washington

☆ Air India says plane carrying passengers stranded in Russia takes off for San Francisco
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +1 min

[1/2] An Air India Airbus A320-200 aircraft takes off as an IndiGo Airlines aircraft waits for clearance at the Sardar Vallabhbhai Patel International Airport in Ahmedabad, India, July 7, 2017. REUTERS/Amit DaveJune 8 (Reuters) - Air India said on Thursday that its replacement flight has taken off from Russia's Magadan for San Francisco, carrying all passengers and crew. The flight is expected to arrive at San Francisco at 12:15 a.m. PDT (0715 GMT) on Thursday, the airline said in a tweet. loadingAir India has mobilised additional support at San Francisco airport to carry out clearance formalities for passengers upon arrival, the tweet added. Air India sent an aircraft to Russia on Wednesday to pick up passengers whose Delhi-to-San Francisco flight was diverted to Russia's Far East after their Boeing (BA.N) 777 plane developed engine trouble.

Persons: Vallabhbhai, Amit Dave, Kanjyik Ghosh, Himani Sarkar, Gerry Doyle Organizations: An Air, An Air India Airbus, IndiGo Airlines, REUTERS, Air, San Francisco, India, San, Air India, Boeing, Thomson Locations: An Air India, Ahmedabad, India, Air India, Magadan, San Francisco, San, Russia, Delhi, Francisco, Bengaluru

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