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☆ Oppenheimer strategist projects S&P 500 will eclipse record high by year end
▼ + stars: | 2023-08-01 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 20, 2023. REUTERS/Brendan McDermid/File Photo License this content on Reuters ConnectNEW YORK, Aug 1 (Reuters) - Oppenheimer Asset Management on Tuesday projected the S&P 500 would rise above its record high by year end, the latest Wall Street firm to grow more bullish on the outlook for stocks following the market's rally this year. Oppenheimer lifted its year-end price target for the S&P 500 to 4,900 from the 4,400 projection it set in December, Chief Investment Strategist John Stoltzfus said in a note. The S&P 500 record closing high is 4,796.56, reached on Jan. 3, 2022, while the index's intraday record is 4,818.62, which it hit on Jan. 4, 2022. Oppenheimer's more bullish view comes after Citigroup (C.N) recently boosted its S&P 500 price target by 15%, saying the more upbeat view reflected increased probability of an economic soft landing.

Persons: Brendan McDermid, Oppenheimer, John Stoltzfus, Stoltzfus, Morgan Stanley, Michael Wilson, Lewis Krauskopf, Noel Randewich, Chris Reese Organizations: New York Stock Exchange, REUTERS, Reuters, Oppenheimer, Management, Citigroup, Thomson Locations: New York City, U.S, San Francisco

☆ Goldman Sachs' head of partner family office Opoku to leave -memo
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +1 min

The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. Lisa Opoku, global head of the Goldman Sachs Partner Family Office, oversaw the firm's wealth management offerings for current and retired Goldman Sachs' partners, managing directors and alumni, the memo said. Opoku adds to a string of recent departures of senior executives at Goldman Sachs. Salisbury was the chief investment officer at Goldman's asset and wealth management arm. Opoku joined Goldman Sachs in 2004, and was named managing director in 2006 and partner in 2012, the memo said.

Persons: Goldman Sachs, Andrew Kelly, Lisa Opoku, Julian Salisbury, Salisbury, Opoku, Saeed Azhar, Jonathan Oatis, Marguerita Choy Organizations: New York Stock Exchange, REUTERS, Reuters, Bloomberg News, Goldman, Sixth, Thomson Locations: New York City , New York, U.S

☆ US job openings at more than two-year low but still elevated
▼ + stars: | 2023-08-01 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

There were 1.6 job openings for every unemployed person in June, little changed from May. Economists polled by Reuters had forecast 9.610 million job openings. Reuters GraphicsThere were an additional 136,000 job openings in healthcare and social assistance, while vacancies increased by 62,000 in state and local government, excluding education. The job openings rate was unchanged at 5.8% in June. ISM manufacturing PMIIt has, however, not been a reliable predictor of manufacturing employment in the government's nonfarm payrolls count.

Persons: Elizabeth Frantz, Eugenio Aleman, Raymond James, Lucia Mutikani, Andrea Ricci, Paul Simao Organizations: REUTERS, Reuters, Federal, Labor, Survey, Labor Department, Employers, Treasury, Institute for Supply Management, PMI, Economists, ISM, Thomson Locations: Arlington , Virginia, U.S, WASHINGTON, . U.S

Uber (UBER.N) shed 5.4% after the ride-hailing company missed second-quarter revenue expectations. Among pharmaceutical heavyweights, Pfizer (PFE.N) edged lower in choppy trading after the drugmaker fell short of Wall Street expectations for quarterly revenue, hit by declining sales of its COVID-19 products. Merck (MRK.N) eased 0.8% even as it raised its full-year profit forecast after posting a smaller-than-expected second-quarter loss. U.S. second-quarter earnings are now expected to fall 5.9% from a year earlier, as per Refinitiv data on Tuesday, compared with a 7.9% decline estimated a week earlier. Arista Networks (ANET.N) jumped 20.1% as the network gear maker forecast quarterly revenue above estimates after delivering better-than-expected results.

Persons: Brendan McDermid, Mike Olsen, Johann M Cherian, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Reuters, PMI, Dow, Nasdaq, Caterpillar, Pfizer, Merck, U.S, Arista Networks, Dow Jones, Cruise, JetBlue Airways, American Airlines, NYSE, Thomson Locations: New York City, U.S, Bengaluru

The Norwegian Pearl cruise ship is seen docked at Miami port, after Norwegian Cruise Line Holdings Ltd cancelled sailings amid rising fears of Omicron-related coronavirus infections, in Miami, Florida, U.S. January 5, 2022. Rival Royal Caribbean (RCL.N) last week forecast an upbeat third-quarter profit as well as lifted its annual profit expectations. Norwegian Cruise forecast its annual adjusted EBITDA, a key measure of profitability, between $1.85 billion and $1.95 billion, up from $1.80 billion to $1.95 billion previously. Despite undertaking price hikes on its itineraries, Norwegian Cruise has been bogged down by inflation and higher labor costs. Rival Carnival (CCL.N) has also forecast third-quarter profit below estimates on higher costs.

Persons: Marco Bello, Patrick Scholes, Royal, Harry Sommer, Norwegian's, Granth, Shinjini Organizations: Cruise Line Holdings Ltd, REUTERS, Reuters, Cruise, Royal, Truist Securities, Norwegian Cruise, Thomson Locations: Norwegian, Miami, Miami , Florida, U.S, Royal Caribbean, Bengaluru

REUTERS/Andrew Kelly/File Photo License this content on Reuters ConnectNEW YORK, Aug 1 (Reuters) - LensCrafters agreed to pay $39 million to settle a lawsuit by prescription eyeglass customers who accused the eyewear chain of misleading them about how well its Accufit technology could measure their eyes. Customers said the claims were false because LensCrafters' manufacturing processes did not support its claims, and that an update would not be clinically significant. They claimed to pay more for their glasses than if LensCrafters had not overpromised and underdelivered. The settlement covers all U.S. customers of LensCrafters who since Sept. 5, 2013, bought prescription glasses after being fitted with Accufit. LensCrafters said it operates 955 stores in 49 U.S. states, Washington, D.C., and Puerto Rico, with no stores in Wyoming.

Persons: Andrew Kelly, LensCrafters, Accufit, Allegra et, Jonathan Stempel, Jonathan Oatis Organizations: EssilorLuxottica SA, REUTERS, Reuters, Customers, D.C, Retail, Court, Eastern District of, Thomson Locations: Manhattan , New York City, U.S, Brooklyn, New York , California, Florida, Washington, Puerto Rico, Wyoming, Paris, Charenton, Pont, America, Eastern District, Eastern District of New York, New York

A stronger dollar makes crude more expensive for investors holding other currencies. PVM analyst Tamas Varga noted that for months, predictions have been made that global oil demand will grow in the second half of 2023 versus the first half, in tandem with supply cuts to reduce global oil inventories. The latest figures from the U.S.- the world's biggest fuel consumer - showed fuel demand rose the highest level since August 2019. A Reuters poll also estimated U.S. crude oil and gasoline stockpiles were expected to have declined last week. In a conference on Monday, BP (BP.L) chief Bernard Looney presaged oil demand growth continuing into next year and OPEC+ being increasingly disciplined.

Persons: Johan Sverdrup, Carina Johansen, NTB, Brent, Dennis Kissler, Tamas Varga, group's, Bernard Looney, Arathy somasekhar, Natalie Grover, Emily Chow, Christian Schmollinger, Sonali Paul, David Evans, Nick Macfie, Jan Harvey Organizations: Reuters Connect, HOUSTON, Brent, . West Texas, BOK, Reuters, Thomson Locations: North, ., U.S, OPEC, Saudi Arabia, Houston, London, Singapore

While an ISM survey offered a tough assessment of U.S. manufacturing conditions, so-called hard data suggest the sector is shuffling along. Federal Reserve data in June showed factory production rebounded in the second quarter, ending two straight quarterly declines. Meanwhile, U.S. construction spending increased solidly last month and May's data was revised higher, boosted by outlays in both single and multifamily housing projects, the Commerce Department said. China's Caixin/S&P Global manufacturing purchasing managers' index (PMI) missed analysts forecasts and showed the first decline in activity since April. Money markets now see a 60% probability that the Bank of England will hike rates by 25 basis points on Thursday.

Persons: Dado Ruvic, Steven Ricchiuto, Carlos Casanova, Kit Juckes, Sterling, Herbert Lash, Joice Alves, Ankur Banerjee, Alex Richardson, Hugh Lawson, Alexander Smith Organizations: REUTERS, Reuters, Federal, outlays, Commerce Department, Labor, Survey, Labor Department, Mizuho Securities USA, Reserve Bank of Australia, Bank of Japan, U.S, Natixis Investment, P Global, European Central Bank, ECB, Societe Generale, Bank of, Thomson Locations: Asia, Hong Kong, U.S, Bank of England, London, Singapore

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the second quarter of 2023 were $2.17 billion, versus $2.36 billion a year before. That was partially offset by higher revenues from increased volumes on its natural gas liquids, natural gas and crude oil businesses, it said. Enterprise sees natural gas liquids pricing and ethane pricing as constructive in the second half of 2023. During the quarter, the company saw operational records for natural gas pipeline volumes and natural gas liquids fractionation volumes. It brought online new projects including the 400 million cubic feet per day expansion of its Haynesville Extension of the Acadian natural gas pipeline system, and its Poseidon cryogenic natural gas processing plant in the Midland Basin.

Persons: Gary McWilliams, Stephanie Kelly, Jan Harvey, Andrea Ricci Organizations: Enterprise Products Partners, REUTERS, Reuters Connect Companies Enterprise Products, Enterprise, Oil, Thomson Locations: Houston , Texas, U.S, Corpus Christi , Texas, Midland, Chambers County , Texas, Delaware, Texas

The Merck logo is seen at a gate to the Merck & Co campus in Rahway, New Jersey, U.S., July 12, 2018. Merck said Keytruda sales for the quarter jumped 19% to $6.3 billion, surpassing analysts' average estimate of $5.9 billion. Sales of Gardasil, which prevents cancers caused by HPV, surged 47% to $2.5 billion, also well above Wall Street estimates of $2.1 billion. There is room for further Gardasil growth as its use expands into treating males and moves into smaller cities, he added. Despite those challenges, Merck raised its full-year sales forecast to $58.6 to $59.6 billion, from its prior view of $57.7 billion to $58.9 billion.

Persons: Brendan McDermid, Merck, Rob Davis, Davis, Keytruda, Caroline Litchfield, Litchfield, Bill Smead, Prometheus, drugmaker, Michael Erman, Leroy Leo, Bill Berkrot Organizations: Merck, Co, REUTERS, Reuters Connect Companies Merck, Merck & Co, Keytruda, Prometheus Biosciences, Analysts, Prometheus, Smead Capital Management, drugmaker, Thomson Locations: Rahway , New Jersey, U.S, United States, China, Europe, Germany, New York, Bengaluru

☆ Toronto stocks start August on a weak note as commodity-linked sectors drag
▼ + stars: | 2023-08-01 | by ( Siddarth S | ) www.reuters.com time to read: +2 min

A sign board displaying Toronto Stock Exchange (TSX) stock information is seen in Toronto June 23, 2014. ET (1417 GMT) on Tuesday, the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was down 84.12 points, or 0.41%, at 20,542.52. Data showed Canada's manufacturing sector contracted for the third straight month in July as an uncertain economic outlook held back new orders, offsetting a pickup in production. Lower oil prices dragged the energy sector (.SPTTEN) down 0.7%. In the neighboring U.S., manufacturing appeared to stabilize at weaker levels in July, data showed, amid a gradual improvement in new orders.

Persons: Mark Blinch, Brian Madden, Siddarth, Shilpi Majumdar Organizations: Toronto Stock Exchange, REUTERS, Reuters, Toronto Stock, Bank of Canada, Investment, Silvercrest Metals, Thomson Locations: Toronto, China, U.S, Bengaluru

☆ Canadian factory activity slows for third straight month in July
▼ + stars: | 2023-08-01 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

[1/2] Factory workers operate machine presses at Abipa Canada in Boisbriand, Quebec, Canada May 10, 2023. The S&P Global Canada Manufacturing Purchasing Managers' Index (PMI) rose to a seasonally adjusted 49.6 in July from 48.8 in June. "July's PMI results offered a rather mixed bag on the performance of the Canadian manufacturing sector," Paul Smith, economics director at S&P Global Market Intelligence, said in a statement. The new orders index, at 49.2, was in contraction for the fifth straight month, although up from 48.5 in June. The port strikes and wildfires limited the improvement in vendor performance, S&P Global said.

Persons: Evan Buhler, Paul Smith, Fergal Smith, Paul Simao Organizations: Canada, REUTERS, Reuters Connect TORONTO, P Global Canada Manufacturing, PMI, P Global Market Intelligence, Bank of Canada, Canada's, P Global, Thomson Locations: Boisbriand, Quebec, Canada, United States

☆ Exclusive: Thai, Vietnamese exporters renegotiate 500,000 T of rice deals
▼ + stars: | 2023-08-01 | by ( Naveen Thukral | ) www.reuters.com time to read: +3 min

A farmer harvests rice by a paddy field outside Hanoi, Vietnam June 10, 2019. Exporters are rushing to cover rice supplies from farmers who have raised prices following a surge in the world market, putting millions of dollars worth of deals at risk. 2 and 3 exporters respectively, are estimated to ship more than one million metric tons of rice in August. While large exporting houses are likely to fulfil contracts, smaller trading companies are expected to default on shipments, traders said. Importers, including the Philippines, are likely to seek direct deals with governments of exporting countries to ensure critical food supplies.

Persons: Rice, Naveen Thukral, Khanh Vu, David Evans Organizations: REUTERS, Reuters, Rice, Thomson Locations: Hanoi, Vietnam, Thailand, SINGAPORE, India, Asia, Africa, Singapore, Ho Chi Minh City, Philippines

[1/3] A person walks by a church in the center of Lisbon, Portugal, December 2, 2021. Unimpressed, Almeida and two other victims launched the Coracao Silenciado (Silenced Heart) association, which gives a voice and support to those who have suffered abuse. "The only thing that helps us is to make other victims feel like they are not alone," Almeida said. Francis, who is visiting Portugal to attend a global gathering of young Catholics known as World Youth Day, is expected to meet privately with abuse victims. "There will be young people from all over the world and the reality (of abuse) is present in all continents," she said.

Persons: Pedro Nunes, Filipa Almeida, Pope Francis, Manuel Clemente, Almeida, Francis, Catarina Demony, Andrei Khalip, Conor Humphries Organizations: Reuters Connect, Portuguese Bishops, Conference, Thomson Locations: Lisbon, Portugal, Reuters Connect LISBON, Portuguese

☆ Iran shuts down for two days because of 'unprecedented heat'
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +1 min

The sun rises at a sugar cane farm in the southern Iranian city of Ahvaz 1,000 km (621 miles) south west of Tehran April 7, 2005. REUTERS/Morteza Nikoubazl MN/DL/File Photo License this content on Reuters ConnectDUBAI, Aug 1 (Reuters) - Iran has announced Wednesday and Thursday this week will be public holidays because of "unprecedented heat" and told the elderly and people with health conditions to stay indoors, Iranian state media reported. Many cities in southern Iran have already suffered from days of exceptional heat. State media reported temperatures had this week exceeded 123 degrees Fahrenheit (51 Celsius) in the southern city of Ahvaz. Government spokesman Ali Bahadori-Jahromi was quoted by state media as saying Wednesday and Thursday would be holidays, while the health ministry said hospitals would be on high alert.

Persons: Nikoubazl, Ali Bahadori, Jahromi, Parisa, Barbara Lewis Organizations: REUTERS, Reuters Connect DUBAI, Thomson Locations: Iranian, Ahvaz, Tehran, Iran

Ford has added 1,200 workers to the Lightning assembly system and plans to run it on a three-shift work rotation. As one of several new moves to boost demand, Ford said individual retail customers can now order the least expensive F-150 Lightning Pro, a $49,995 version of the truck originally designed for commercial customers only. To support increased Lightning production, Ford will focus sales efforts on "attracting more traditional customers, or the early majority," Gjaja said. “Challenges still remain around customer awareness and acceptance” of electric vehicles among mainstream buyers, he said. Ford said last week its electric vehicle operations are on track to lose $4.5 billion this year, a 50% wider loss than previously projected.

Persons: Rebecca Cook, Ford, Tesla, Marin Gjaja, Gjaja, Jim Farley, Joe White, Jonathan Oatis Organizations: Rouge Electric Vehicle, Reuters Connect DETROIT, Ford, EV, Detroit's, Motors, Silverado, Lightning, Ford's, Thomson Locations: Dearborn , Michigan, U.S

☆ Meta to seek user consent for targeted ads in the EU
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +2 min

EU flag and Meta logo are seen in this illustration taken, May 22, 2023. Meta said the change is to address a number of evolving regulatory requirements in the region and stems from an order in January by Ireland's Data Protection Commissioner, Meta's lead EU regulator, to reassess the legal basis on how it targets ads. Once this change is in place, advertisers will still be able to run personalised advertising campaigns to reach potential customers and grow their businesses. Meta added that it would share further information on how the process will work in practice over the coming months following further engagement with regulators. A spokesperson for Ireland's Data Protection Commissioner, which is the lead privacy regulator for many of the world's largest technology companies within the EU, said it had received correspondence from Meta on the matter.

Persons: Dado Ruvic, Meta, Meta's, Padraic Halpin, Jan Harvey Organizations: REUTERS, Reuters Connect DUBLIN, European Union, Facebook, Ireland's Data, Data, Meta, Thomson Locations: Switzerland

Most of the buying was in contracts linked to crude oil (+169 million barrels) with a particular emphasis on NYMEX and ICE WTI (+132 million). Short-covering has helped lift front-month WTI futures prices to over $81 per barrel on Aug. 1 from less than $68 on June 27. European gas oil futures and options have experienced an especially rapid increase in positions over the last four weeks (+29 million barrels). As a result, the net position rose to 41 million barrels (44th percentile) on July 25 from just 12 million barrels (18th percentile) on June 27. Related columns:- Depleted U.S. diesel stocks attract hedge funds (July 20, 2023)- Saudi output cut entices funds back into oil market (July 17, 2023)- Extreme pessimism gripped hedge funds on oil (July 3, 2023)- Is oil market’s glass half-full or half-empty?

Persons: Nick Oxford, ⁺, John Kemp Organizations: REUTERS, Reuters Connect, U.S . Commodity Futures Trading Commission, ICE Futures, ICE, Fund, U.S, Thomson, Reuters Locations: Midland , Texas, U.S, Saudi Arabia, Saudi, United States, WTI, Brent, North America, Europe, China

☆ BlackRock, MSCI draw scrutiny from US House Committee on China
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Carlo Allegri/File Photo License this content on Reuters ConnectAug 1 (Reuters) - A U.S. congressional committee on China said asset management giant BlackRock (BLK.N) and index provider MSCI (MSCI.N) were facilitating investments into blacklisted Chinese companies. The firms have facilitated American capital flow into the companies the U.S. government had found guilty of fueling China's military advancement or human rights abuses, the House of Representatives' Select Committee on the Chinese Communist Party (CCP) said on Monday. "With all investments in China and markets around the world, BlackRock complies with all applicable U.S. government laws. We will continue engaging with the Select Committee directly on the issues raised," BlackRock said. Republicans formed the Select Committee when they took control of the House in January, as part of an effort to convince Americans why they should care about competing with China.

Persons: Carlo Allegri, BlackRock, MSCI, Mike Gallagher, Niket Nishant, Jaiveer Singh Shekhawat, Michael Martina, Don Durfee, Krishna Chandra Eluri, Shinjini Ganguli, Jonathan Oatis Organizations: REUTERS, Reuters, U.S, Chinese Communist Party, CCP, BlackRock, Republicans, China, Congress, Republican, Wall Street, Thomson Locations: BlackRock, Manhattan, New York City , New York, U.S, China, Taiwan, Ukraine

☆ US manufacturing shows signs of stabilizing at lower levels in July, ISM says
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +3 min

It was the ninth straight month that the PMI stayed below the 50 threshold, which indicates contraction in manufacturing, the longest such stretch since the 2007-2009 Great Recession. The ISM survey's forward-looking new orders sub-index increased to 47.3 in July. According to the ISM, the delivery performance of suppliers to manufacturing firms has been faster for 10 straight months. It has, however, not been a reliable predictor of manufacturing employment in the government's nonfarm payrolls count. Manufacturing employment likely rose by 5,000 jobs last month, according to a Reuters survey of economists.

Persons: Charles Mostoller, Lucia Mutikani, Paul Simao Organizations: BMW, REUTERS, Reuters Connect WASHINGTON, Institute for Supply Management, PMI, Reuters, ISM, Federal Reserve, Manufacturing, Fed, U.S . Labor Department, Thomson Locations: Greer , South Carolina, U.S

'X' logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. Lawyers for Musk in a separate filing said claims against him should be tossed out because he did not sign a specific provision of the merger agreement involving employee benefits, including severance pay. Twitter laid off more than half its workforce as a cost-cutting measure after Musk acquired the company last October. The lawsuit is not a class action, but two similar pending lawsuits brought on behalf of much larger groups of former Twitter employees claim the company owes more than $500 million in severance pay. X has said all of the workers were paid in full.

Persons: Carlos Barria, Elon Musk, Musk, Daniel Wiessner, Bernadette Baum Organizations: REUTERS, Reuters Connect Companies, X Corp, Twitter, Musk, Thomson Locations: San Francisco , California, U.S, Delaware, Wilmington , Delaware, New York , California, Texas, Albany , New York

☆ France, Brazil resume hunt for World Cup knockout spot
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +2 min

Group F leaders France ignited their campaign with a 2-1 win over Brazil at the weekend after struggling to a goalless draw against Jamaica in their opener. They need only a point in Sydney to reach the knockouts for a fourth straight World Cup. France are locked on four points with Jamaica, who can advance with a win or draw against Brazil in Melbourne. Heavyweights Brazil last exited the World Cup in the group stage in 1995. "Tomorrow's a decider and we don't want to go home," said Brazil great Marta, playing at her sixth and final World Cup.

Persons: Kadidiatou Diani, Dan Peled, Brazil's, France, Herve Renard, Tomorrow's, Marta, Magdalena Eriksson, Hritika Sharma, Christian Radnedge Organizations: Soccer Football, FIFA, Brisbane Football, REUTERS, Reuters Connect AUCKLAND, South, Jamaica, Brazil, G, Argentina, Colombia, Thomson Locations: New Zealand, France, Brazil, Brisbane, Australia, Panama, Jamaica, Sydney, Melbourne, Colombia, Germany, Morocco, South Korea, Sweden, Hamilton, Italy, South Africa, Wellington, Hyderabad

☆ Uranium price ticks up after Niger coup, more gains expected
▼ + stars: | 2023-08-01 | by ( Eric Onstad | ) www.reuters.com time to read: +2 min

French nuclear fuels company Orano, which operates uranium mines in the West African country, said last week its activities were ongoing despite the coup. The spot price is little changed also because Orano sells uranium on long-term contracts and the summer months are slow in the spot market, said Jonathan Hinze, president of UxC. "All indications would be that this would be a catalyst for upward moves in the uranium price given the overall tight supply/demand balance in uranium at this time." Niger was the second-largest supplier of natural uranium to the EU last year, Euratom said. On Monday, the junta that seized power in Niger last week detained senior politicians, including the mines minister, defying international calls to restore democratic rule.

Persons: UxC, Orano, Jonathan Hinze, Euratom, Eric Onstad, Emelia Sithole Organizations: REUTERS, Reuters Connect, Nigerien, Reuters, European Union, EU, Thomson Locations: Niamey, Niger, West, France, Europe

[1/3] A volunteer does the registration check-in of pilgrims on the first day of the XXXVII World Youth Day, in Lisbon, Portugal, August 1, 2023. The cross-cultural festival, which actually runs for nearly a week, is held every two to three years and was initiated by the late Pope John Paul. At the Lisbon civil parish of Olivais, volunteers welcomed pilgrims carrying suitcases and sleeping bags on Tuesday near a school that is hosting them. He will celebrate several Masses and attend events with young people, politicians and diplomats. Reporting by Catarina Demony, Miguel Pereira and Pedro Nunes; Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Pedro Nunes, Pope Francis, Pope John Paul, Francis, Emilie Bartoschek, Bartoschek, Parque Eduardo VII, Buddy, Catarina Demony, Miguel Pereira, Bernadette Baum Organizations: REUTERS, Reuters Connect, Thomson Locations: Lisbon, Portugal, Reuters Connect LISBON, Tejo, Portuguese, Western, Olivais, Germany, Parque

☆ Lukashenko taunts Poland again over Wagner troops near border
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +2 min

Belarusian President Alexander Lukashenko attends a meeting with Russian President Vladimir Putin in Saint Petersburg, Russia July 23, 2023. Sputnik/Alexei Danichev/Kremlin via REUTERS/File Photo License this content on Reuters ConnectAug 1 (Reuters) - Belarusian leader Alexander Lukashenko on Tuesday taunted Poland over the presence of Russian Wagner mercenaries near the NATO country's border, saying Warsaw should thank him for keeping them in check. State news agency Belta quoted him on Tuesday as saying that the Poles "should pray that we're holding onto (the Wagner fighters) and providing for them. Rzeszow is a city in southeast Poland near the Ukrainian border. On Saturday, Polish Prime Minister Mateusz Morawiecki said a group of 100 Wagner fighters had moved closer to the Belarusian city of Grodno near the Polish border, describing the situation as "increasingly dangerous".

Persons: Alexander Lukashenko, Vladimir Putin, Alexei Danichev, Russian Wagner, Wagner, Belta, Mateusz Morawiecki, Lukashenko, Putin, Mark Trevelyan, Gareth Jones Organizations: Sputnik, REUTERS, Reuters, Tuesday, NATO, Polish, Thomson Locations: Saint Petersburg, Russia, Kremlin, Poland, Warsaw, Belarus, Lukashenko, Rzeszow, State, Ukrainian, Belarusian, Grodno, Brest, Ukraine

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