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☆ China's northern cities brace for more torrid heat
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +2 min

[1/3] A man pulls a cart carrying jugs of water amid the orange alert for heatwave, at a hutong alley in Beijing, China July 5, 2023. The torrid heat has gripped China for several weeks, pushing local governments to ask residents and businesses to curb the usage of electricity. It is expected that the maximum temperature in most areas of the city will rise above 40 degrees Celsius, according to the state-backed Beijing Daily. The meteorological observatory in northern Hebei province also issued a red alert, with temperatures in some areas expected to reach 40-43 Celsius on Thursday. China's Meteorological bureau issued orange alerts, the second highest alert, in mostly northern China with temperatures expected to hit 40 degree Celsius and above.

Persons: Tingshu Wang, Bernard Orr, Ella Cao, Michael Perry Organizations: REUTERS, Beijing Daily, China's Meteorological, Beijing Municipal Bureau of Culture, Tourism, Thomson Locations: Beijing, China, Tingshu Wang BEIJING, Hebei province, North China, Mongolia, Shaanxi, Henan, Shandong, Chongqing

☆ Morning Bid: Fed hawks, China tensions keep markets under pressure
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +2 min

A look at the day ahead in European and global markets from Kevin BucklandU.S. policymakers are stealing the spotlight in the markets today, after the Fed cemented its hawkish credentials overnight and Janet Yellen started a trip to China just as Beijing restricts chip-making metal exports. APAC investors clearly took notice, sending stocks sliding and bond yields higher in a signal that Europe should brace for the same. The key takeaway from minutes of the Fed's June meeting overnight is that the unanimous decision to hold wasn't so unanimous after all, with the hawks just biding their time. Traders see a July hike as pretty much assured, but it's still a coin toss whether there will be another after that. Britain will report construction PMIs for June later in the day, as will Germany, which also has factory order figures for May on the release schedule.

Persons: Kevin Buckland, Janet Yellen, wasn't, it's, It's, Mark Zuckerberg, Elon Musk, Zuckerberg, Yellen, Edmund Klamann Organizations: Fed, Traders, Friday's U.S, U.S, Treasury, Reuters Graphics, Thomson Locations: China, Beijing, Europe, United States, Japan, Netherlands, Britain, Germany, UK, PMIs

☆ China adviser warns chipmaking export curbs are 'just a start', as Yellen visit looms
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +4 min

Shares in some Chinese metals companies rallied for a second session, with investors betting that higher prices on gallium and germanium, which Beijing's export restrictions target, could boost revenues. Germanium is used in high-speed computer chips, plastics, and in military applications such as night-vision devices as well as satellite imagery sensors. China is the world's biggest producer of rare earths, a group of metals used in EVs and military equipment. CURBS ON EXPORTS TO CHINAWashington is considering new restrictions on the shipment of high-tech microchips to China, following a series of curbs over the past few years. China's germanium ingot was priced at 9,150 yuan per kg on Tuesday, also flat on the day and on the week, Refinitiv data showed.

Persons: Janet Yellen, Yellen's, Biden, China's, Wei Jianguo, Wei, Xi Jinping, Eikon, Brenda Goh, Amy Lv, Christopher Cushing, Muralikumar Organizations: Independence, Analysts, Micron, Commerce, China Daily, China Center for International Economic Exchanges, Global Times, Shanghai Cooperation Organization, Shanghai Metal Exchange, Beijing, Thomson Locations: BEIJING, SHANGHAI, Beijing, Japan, Netherlands, China, CHINA Washington, United States, Yunnan

☆ FTC warns about student loan scams following Supreme Court decision
▼ + stars: | 2023-07-05 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

Scammers are likely to target student loan borrowers after the Supreme Court struck down the Biden administration's debt forgiveness plan Friday and as loan repayments are poised to restart in the fall, according to the Federal Trade Commission. Scammers often "take advantage of confusion around big news like this," the FTC said in a consumer alert issued Saturday. More from Personal Finance:Biden administration gives student loan holders payment leewaySteps student borrowers should take after Supreme Court rulingWhat Supreme Court student loan ruling could mean for economyThe Biden administration forgiveness plan would have erased up to $20,000 of federal student loans for tens of millions of borrowers. Now, they and other borrowers must brace for monthly loan payments to restart in October, after more than three years of an interest-free pause. President Joe Biden said Friday after the Supreme Court's ruling that his administration would pursue another way to deliver debt forgiveness.

Persons: Biden, Joe Biden Organizations: Biden, Federal Trade Commission, Finance

July 3 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Purchasing managers index (PMI) reports on Monday from across the Asia-Pacific region, including China, India, South Korea and Australia, will give the first glimpse into private sector services and factory activity in June. Monday's Asian economic calendar is dominated by a raft of manufacturing PMIs including China's, Indonesian inflation, Japan's 'tankan' business sentiment survey for the second quarter, and Australian housing. China's Caixin manufacturing PMI is expected to fall to 50.2 from 50.9, signaling a slowdown in factory sector growth almost the point of stagnation. The official PMI, expected to show a third month of contraction, will be released on Friday.

Persons: Jamie McGeever, Josie Kao Organizations: Japan's Nikkei, U.S, PMI, Equity, Indonesia CPI, Thomson, Reuters Locations: Asia, Japan, Pacific, China, India, South Korea, Australia, Indonesia, Thailand, Philippines, Taiwan, Malaysia

☆ An earthquake destroyed their California home days before Christmas. They still have to pay the mortgage
▼ + stars: | 2023-07-02 | by ( Nouran Salahieh | ) edition.cnn.com time to read: +14 min

A 6.4 magnitude earthquake had just struck Rio Dell, California, upending homes and lives for the community of 3,400 people near Oregon. “It’s a gamble to not have it,” Rio Dell City Manager Kyle Knopp said. A whopping 90% of homes in California aren’t covered by earthquake insurance, according to Glenn Pomeroy, CEO of the California Earthquake Authority, a nonprofit quake insurer established by the state. Gavin Newsom proclaimed an emergency for Humboldt County, where Rio Dell is located, in part to help local governments access services. Despite seeing how costly earthquake damage can be, she doubts she’ll buy earthquake insurance for her next home.

Persons: CNN —, Jacqui McIntosh, Rio, McIntosh, ”, unlivable, “ It’s, Fred Greaves, “, Kyle Knopp, Glenn Pomeroy, ” Brian Ferguson, Knopp, ” Knopp, Randy Jensen, ” Jensen, Jensen, Jane Tyska, ” Pomeroy, that’s, Pomeroy, Gavin Newsom, Michelle Bushnell, Bushnell, it’s, Keith Porter, Kent Porter, Bolt, Porter, ” Porter, ‘, Alyssa Jorgensen, Jorgensen, didn’t, ” McIntosh Organizations: CNN, Dell, California Earthquake Authority, California Governor’s, Emergency Services, Mendocino Triple Junction, FEMA, Rio Dell, Reuters, Rio Dell Water, Media, East Bay Times, San, Small Business Administration, Institute, The Press Democrat, Mitigation, retrofits, Earthquake, California Earthquake Locations: Rio Dell , California, Oregon, Rio Dell, California, It’s, Mendocino, Cape Mendocino, Northern California, Montecito, Beverly Hills, Malibu, Rio, Humboldt County

☆ Banks Brace for More Turmoil Heading Into the Third Quarter
▼ + stars: | 2023-06-30 | by ( Gina Heeb | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/banks-brace-for-more-turmoil-heading-into-the-third-quarter-72184a00

Persons: Dow Jones

☆ It's not just Tesla and Rivian — electric batteries are also shaking up the landscaping aisle
▼ + stars: | 2023-06-30 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +7 min

In this article LOWHD Follow your favorite stocks CREATE FREE ACCOUNTSome landscaping crews have begun to use battery-powered tools. Outdoor power equipment drives just a small fraction of the retailers' sales, said Zack Fadem, an analyst for Wells Fargo. Yet several more recent factors have increased interest in electric power for landscaping. Tractor Supply , a home improvement player that tends to be in rural areas, has been slower to add battery-powered outdoor equipment. At TPC Sawgrass in Florida, the landscaping crew has tried out an autonomous battery-powered mower and uses some electric leaf blowers.

Persons: Lowe's, Zack Fadem, Wells, Bill Boltz, Melissa Repko, Billy Bastek, John Deere, Stanley Black, Decker, Mary Winn Pilkington, it's, Jeff Plotts Organizations: Home Depot, Power Equipment Institute, CNBC, Technology, California Air Resources Board, Tractor, TPC Sawgrass Locations: California, Wells Fargo, New York City, Canada, Home, Los Angeles, Las Vegas, Toro, Ryobi, Milwaukee, Florida

☆ The stock market's gains are almost entirely concentrated in the 'Magnificent 7' - and that could mean a crash is coming
▼ + stars: | 2023-06-30 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Have you heard of the Magnificent Seven? This handful of Big Tech stocks have accounted for nearly all the market's gains in 2023. The names that make up the so-called Magnificent Seven are now the seven biggest US-listed stocks. Are you buying or selling the Magnificent Seven? Strategists from Goldman Sachs made the case for names they think will be low in volatility and high in returns.

Persons: I'm Phil Rosen, It's, you'll, let's, Tesla, there's, Minerva, Kathleen Brooks, John Hussman, Hussman, ANGELA WEISS, Goldman Sachs, Russell, Xi Jinping, Everyone's, Cleo Capital's Sarah Kunst, Phil Rosen, Max Adams, Hallam Bullock Organizations: Twitter, LinkedIn, Lionsgate, Nvidia, Tesla, Meta, Microsoft, Big Tech, Apple, Hussman Investment Trust, Getty, PLC, Costco Locations: New York, London

☆ The ultra-rich hopping on the AI bandwagon might be the biggest sign the tech is legit
▼ + stars: | 2023-06-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

The job of family offices, investment firms tasked with managing the fortunes of the ultra-rich, has never been about getting massive returns. Which is why Hayley Cuccinello's story on family offices investing in artificial intelligence is so fascinating. Hayley spoke to executives at family offices about how they're navigating the modern-day gold rush that is AI investing. Of course, a lot of those deals never materialized and most family offices have now largely eschewed digital currencies altogether. The difference is family offices have largely gotten in on AI long before the bandwagon arrived, Hayley reports.

Persons: Dan DeFrancesco, It's, we've, Samantha Lee, Hayley Cuccinello's, Hayley, it's, Read, Erin McDowell, Goldman, Bill Gates, Morgan Stanley, James Gorman, Caniacs, Jeffrey Cane, Hallam Bullock Organizations: Mastercard, Refinitiv, Intelligence, Gates Ventures, Wall Street, LinkedIn Locations: Here's, Wall, Silicon, insider.com, Spain, Austin , Texas, Midtown Manhattan, New York City, New York, London

☆ The billionaires' beef at Two Sigma seems pretty petty
▼ + stars: | 2023-06-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

ICYMI: This is the last week of 10 Things on Wall Street. Insider's Rebecca Ungarino has more details on how long the beef between Overdeck and Siegel has been brewing behind the scenes. What stands out to me about the drama at Two Sigma is how it all seems to be so petty. The Two Sigma cofounder was included only as an example of the type of managers Haider had eclipsed. The asset manager tapped two internal executives to serve as co-CEOs of the firm, succeeding CEO Jay Wintrob, The Wall Street Journal reports.

Persons: Dan DeFrancesco, I'm, Billy Joel's, —, we've, Goldman, Cofounders David Siegel, John Overdeck, David Siegel, cofounders, Insider's Rebecca Ungarino, Siegel, Rebecca, Haidar Capital's Said Haidar, Haider, Penny, Warren Buffett, Charlie Munger, Scott Olson, Ruobing Su, Michael Broadbery, Goldman Sachs, Maza, Andreessen Horowitz, Seth Klarman, Jay Wintrob, Robert O'Leary, Armen Panossian, Everybody's, they're, Joey Hadden, Jeffrey Cane, Hallam Bullock Organizations: Sigma, Baupost, Oaktree Capital, Street, Wall, LinkedIn Locations: Omaha, New York, London

☆ ‘Man Down!’: Surviving the Texas Heat in Prisons Without Air-Conditioning
▼ + stars: | 2023-06-29 | by ( J. David Goodman | ) www.nytimes.com time to read: +1 min

On the third day of 100-degree temperatures last week, locked without air-conditioning in a Texas prison north of Houston, Joseph Martire said he began to feel overwhelmed. An inmate for nearly 16 years, Mr. Martire was expecting to be released in a few weeks. But it was so hot that day, he recalled, that he wondered if he would make it that long. “They kept me there for two hours, drinking ice water, salt water, taking my temperature, making sure I was still alive,” he said. The weekslong June heat wave scorching Texas has been particularly brutal and dangerous inside the state’s sprawling prison system, where a majority of those incarcerated, and the guards who watch over them, have been struggling without air-conditioning.

Persons: Joseph Martire, Martire, ” Mr, ” Locations: Texas, Houston

☆ Delta passengers exit their flight using the jet slide after the plane lands without gear extended
▼ + stars: | 2023-06-28 | by ( ) www.cnbc.com time to read: +4 min

Passengers aboard a Delta flight had to disembark using the jet slide Wednesday after their plane landed at Charlotte Douglas International Airport without part of its landing gear extended. An inflatable slide extends from a door of the plane and firefighters appear to be helping passengers disembark on the slide. "While this is a rare occurrence, Delta flight crews train extensively to safely manage through many scenarios and flight 1092 landed safely without reported injuries." Controllers saw that the nose landing gear doors were open, but the gear hadn't descended and the pilots landed the plane without the nose gear. Less than four hours after the landing, Skotarczak, the passenger from Buffalo, was at work, but only with his cellphone and a bottle of water.

Persons: I've, Chris Skotarczak, Charlotte, Skotarczak, Delta, Gregory A, Zahornacky Organizations: Charlotte Douglas International, Associated Press, Boeing, Air Lines, Federal Aviation Administration, National Transportation Safety, Embry, Riddle Aeronautical University, DC Locations: Buffalo , New York, Atlanta, Charlotte, Buffalo, Europe, U.S

☆ The Federal Reserve thinks catastrophe is coming for US businesses
▼ + stars: | 2023-06-28 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

One report, written by the Federal Reserve's own economists, left me with not exactly an upbeat outlook. Federal Reserve Board Chair Jerome Powell testifies during a House Committee on Financial Services hearing, Wednesday, July 18, 2018, Capitol Hill in Washington. That is, more than a third of companies could default in the coming months, thanks to tightening monetary policy. Basically, they are predicting that companies feel pain in times of policy tightening, especially those with weaker balance sheets to begin with. Investors should monitor these bearish signals to stay ahead of a potential sell-off in the stock market.

Persons: Phil Rosen, You'll, Jerome Powell, Jacquelyn Martin, Ander Perez, Orive, Yannick Timmer, Kevin Rendino, he's shorting, Goldman Sachs, Morgan Stanley, Max Adams, Hallam Bullock Organizations: Federal, Financial Services, Capitol, European Central Bank, Bloomberg, Bank of America, Barclays, Elon Musk's Locations: New York, Washington, London

☆ Hydropower IPO tests appetite for weather risks
▼ + stars: | 2023-06-28 | by ( Yawen Chen | ) www.reuters.com time to read: +4 min

LONDON, June 28 (Reuters Breakingviews) - A jumbo hydropower listing may define how investors assess extreme weather risks. Over the last decade, hydropower has been the largest source of clean energy, International Energy Agency data shows. At the top of the range it would raise up to 2 billion euros and be Europe’s largest IPO so far this year. Alarmingly, Hidroelectrica’s gross hydropower generation fell about 15% last year from its annual average of 15.9 terawatt-hours in the decade to 2022. The IPO carries a price range of between 94 Romanian lei and 112 lei (18.95 euros and 22.58 euros) per share, giving the company a potential market capitalisation of 42.3 billion lei to 50.4 billion lei (8.53 billion euros to 10.16 billion euros), Hidroelectrica said in its prospectus.

Persons: Romania’s, Austria’s Verbund, Bogdan Nicolae Badea, Hidroelectrica, Fondul Proprietatea, Franklin Templeton, Lisa Jucca, Oliver Taslic Organizations: Reuters, International Energy Agency, World Bank, Alarmingly, Investors, U.S, Thomson Locations: Europe, Romania, Ukraine, Romanian, China, France

☆ Russia's near-mutiny just cratered its currency against the dollar
▼ + stars: | 2023-06-27 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

The near-mutiny in Russia this weekend had some unexpected consequences for currencies — more on that below. And yet — the Russian ruble still plunged 3% to a 15-month low on Monday, trading at one point near 87 per dollar. The Kremlin said there was a huge uptick in foreign currency demand across 15 regions in Russia, per Reuters. During the mutiny, Russian banks had cut their ruble exchange rates to over 100 per dollar, though they've since eased prices. What's your outlook for the Russian ruble by year-end?

Persons: Phil Rosen, You'll, Vladimir Putin, GAVRIIL, Yevgeny Prigozhin's, Wagner, Prigozhin, Andrei Belousov, Putin hasn't, Spencer Platt, Morgan Stanley, Billionaire Ron Baron, Warren, there's, Goldman Sachs, Elon, Max Adams, Hallam Bullock Organizations: SPUTNIK, Getty, Reuters, Wall Street Journal, Manchester United, Walgreens, Alliance Inc, Billionaire, Dow, Harvard, Bank of America, Elon Musk's Locations: New York, Russia, Moscow, Ukraine, —, Voronezh, Rostov, Lipetsk, London

☆ Russia’s NATO Neighbors Brace for Spillover Scenarios
▼ + stars: | 2023-06-24 | by ( Karolina Jeznach | ) www.wsj.com time to read: 1 min

WARSAW—U.S. Several governments said they were trading information and analysis in hastily arranged video meetings between allies. In Estonia and Latvia, officials were ramping up border deployments, preparing for any potential exodus of Russians or the possibility of chaos spilling over into the NATO countries. In Warsaw, Poland's prime minister, president and defense ministers met for emergency consultations, followed by discussions with their allies in the North Atlantic Treaty Organization, officials said. “The course of events beyond our eastern border is monitored on an ongoing basis,” President Andrzej Duda tweeted Saturday.

Persons: Andrzej Duda Organizations: NATO, North Atlantic Treaty Organization Locations: WARSAW, U.S, Russia, Belarus, Estonia, Latvia, Warsaw, North

☆ West Must Brace for Fallout of Insurrection in Russia, Analysts Say
▼ + stars: | 2023-06-24 | by ( ) www.wsj.com time to read: 1 min

West Must Brace for Fallout of Insurrection in Russia, Analysts SayA poster reading 'Join us at Wagner' being removed near St. Petersburg on Saturday. (Associated Press)A former White House adviser on Russia said that Wagner’s decision to turn its troops on Moscow was the result of the Kremlin’s military failures and the private army’s exasperation with its troops becoming cannon fodder. Fiona Hill said Wagner’s leader, Yevgeny Prigozhin, was “now telling the truth about the military failure and the official pretext for the invasion.”

Persons: Wagner, Fiona Hill, Yevgeny Prigozhin, “, ” Organizations: Associated Press, White Locations: Russia, St . Petersburg, Moscow

☆ A Comic With Many Questions About Jews and Whiteness
▼ + stars: | 2023-06-23 | by ( Jason Zinoman | ) www.nytimes.com time to read: +2 min

(He has had long-term romantic relationships with the female comics Katherine Ryan and more recently, Hannah Einbinder, though they broke up a month ago.) They talked comedy and Brace later asked him if he could give him notes. Brace was especially alert to the dramaturgy of a show, insisting on cutting jokes that worked if they weren’t worth the lost momentum. If Edelman riffed too much, Brace told him: You’re on the jazz tonight. The previous month, when in Boston, he knocked on the door of the 94-year-old comedy legend Tom Lehrer, whom he did not know, just to talk.

Persons: Edelman, Katherine Ryan, Hannah Einbinder, “, Josie Long, it’s, Brace, Phoebe Waller, Billy Crystal, Eric Bogosian, Susan Stroman, Robin Wagner, Edelman deadpanned, ”, Tom Lehrer, ” Edelman Organizations: New York Public Library, Performing Arts, Lincoln Center Locations: Boston, London, British

☆ Companies Brace for Supreme Court Ruling on Affirmative Action
▼ + stars: | 2023-06-22 | by ( Lauren Weber | Chip Cutter | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/companies-brace-for-supreme-court-ruling-that-could-prompt-scrutiny-of-diversity-initiatives-36ca7381

Persons: Dow Jones

☆ Companies Brace for Supreme Court Ruling That Could Prompt Scrutiny of Diversity Initiatives
▼ + stars: | 2023-06-21 | by ( Lauren Weber | Chip Cutter | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/companies-brace-for-supreme-court-ruling-that-could-prompt-scrutiny-of-diversity-initiatives-36ca7381

Persons: Dow Jones

☆ Morgan Stanley expects the stock market to plunge. Others aren't so sure.
▼ + stars: | 2023-06-21 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

An American flag hangs behind traders working on the floor of the New York Stock Exchange (NYSE) on October 11, 2019 in New York City. Morgan Stanley, for example, has adopted a downbeat view for the months ahead. Falling prices, Morgan Stanley explained, can cut into revenue growth and weigh on earnings. "This should begin to hit asset prices by the end of this month and carry into the fall," Morgan Stanley strategists said. To Stockton, the S&P 500 could soon trade as high as 4,510, or about 3% higher than current levels.

Persons: I'm Phil Rosen, Jerome Powell, Drew Angerer, Morgan Stanley, Mike Wilson, Katie Stockton, Stockton, Morgan Stanley's bearishness, Rick Bowmer, Tom Lee, Phil Rosen, Jason Ma, Hallam Bullock Organizations: Capitol, Financial Services, Committee, Fed, New York Stock Exchange, NYSE, Advance, Bank of England, Patterson Companies, Winnebago Industries, Bloomberg, Manheim Locations: American, New York City, Stockton, Salt Lake City, London, China, Europe, New York, Los Angeles

☆ Investors should ride this market rally to new all-time highs early next year by making these 10 investments now, according to 6 market strategists
▼ + stars: | 2023-06-19 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

If the S&P 500 can avoid a pullback, it could make a push toward its all-time high. Investors who weren't ready for the remarkable stock market rally of the last three months may not have completely missed out yet, according to several strategists Insider recently spoke with. While some top investing minds think this market rally isn't trustworthy, others are confident that the path of least resistance for US stocks is higher. He believes the S&P 500 is more likely to hit new highs in early 2024 than retest its Fall low of about 3,500. The S&P 500 is trading at roughly 19.2x forward earnings, he said, adding that equal-weighted funds have a forward earning ratio of about 15.5x.

Persons: Brad Bernstein, we've, I've, Bernstein, Jason Draho, Bernstein's, Draho, Jack Caffrey, Caffrey, Michael Sheldon, chartmaster David Keller, Keller, who's, David Keller, StockCharts.com, Brian Belski, Sheldon, Belski, that's Organizations: Federal Reserve, UBS Wealth Management, UBS Global Wealth Management, JPMorgan Asset Management, Fed, RDM Financial, BMO Capital Markets, BMO Capital Locations: US

☆ As Floodwaters Recede, Ukrainian Authorities Brace for Possible Disease Outbreaks
▼ + stars: | 2023-06-17 | by ( Megan Specia | ) www.nytimes.com time to read: +1 min

Nearly two weeks after the destruction of the Kakhovka dam in southeastern Ukraine, the floodwaters are receding, but local officials are grappling with a new concern: the potential for outbreaks from waterborne disease. On Saturday, local officials in Kherson and Mykolaiv, the two regions most affected by the flooding on the Dnipro River unleashed when the dam collapsed, outlined plans to ensure safe drinking water. And doctors in hospitals across those regions have been warned to prepare for the potential for an outbreak of disease. Hundreds of residential areas are still underwater, including some under Russian occupation. International humanitarian organizations have shared concerns about widespread pollution and the potential for illness, but the Ukrainian health authorities maintain that they are vigilantly monitoring for any signs of a disease outbreak.

Persons: Oleksandr Chebotarov Organizations: Kherson City Clinical Hospital, International Locations: Ukraine, Kherson, Mykolaiv, Dnipro, Kherson City

OTTAWA, June 16 (Reuters) - Flags flew lowered in the Canadian province of Manitoba on Friday and relatives braced for bad news after 15 mainly elderly people died in one of the country's worst recent road crashes. "It's a terrible, terrible thing that occurred, and our thoughts go out to the families that have been absolutely devastated by this news," he told reporters in Montreal. Ron Bretecher, whose parents were on the bus, told reporters his mother had survived the crash but his father was still unaccounted for. The bus, heading south, was crossing the Trans-Canada highway when it collided with the truck, which was traveling east. "The fire was about 10 to 15 feet high and the smoke was almost 20, 30 feet high," Vadera said.

Persons: Justin Trudeau, Ron Bretecher, It's, Mike Blume, David Bosiak, Ross, William Doherty, Nirmesh Vadera, Vadera, David Ljunggren, Nick Macfie, Jonathan Oatis, Nick Zieminski Organizations: OTTAWA, Flags, Police, Canadian Broadcasting Corp, CBC, Thomson Locations: Canadian, Manitoba, Carberry, Winnipeg, Ottawa, Montreal, Dauphin, Carberry , Manitoba, Canada, Saskatchewan

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