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☆ Morning Bid: Retail sales and a call to Arm
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +3 min

A sharply lower number might be seen by markets as giving confidence to the Federal Reserve that its work is done. Consumer inflation data on Wednesday - the most important scheduled release of the week - did little to change expectations the Fed will not rates interest rates at next week's meeting. Thursday's main event globally is the ECB rate decision. Ahead of the decision the euro was up a touch against the dollar, but near a three month low at $1.0739. Chinese auto makers' shares fell on the news of the European probe, as did European car makers after the Chinese response.

Persons: Kate Masters, Alun John, you've, Toby Chopra Organizations: company's Herald, REUTERS, Central Bank, Federal Reserve, European Commission, Arm Holdings, Reuters, Thomson Locations: Macy's, company's, New York City, U.S, Thursday's, Europe, Beijing, European

☆ Aid Trickles Into Libya, but Flood Damage Hampers Relief Efforts
▼ + stars: | 2023-09-13 | by ( Raja Abdulrahim | More About Raja Abdulrahim | ) www.nytimes.com time to read: +1 min

Aid was trickling into eastern Libya on Wednesday, where more than 5,000 people have died in recent days from catastrophic flooding. But with roads and bridges damaged and cut off, access to the hardest-hit city of Derna on the Mediterranean coast remained a major hurdle to bringing in help, according to international aid groups. Thousands of people are believed to still be missing, meaning the death toll was likely to rise further in the hours and days ahead. The flooding hit after heavy rains burst through two dams near Derna, a city of nearly 100,000 people. The Derna City Council has called for the opening of a maritime passageway to the city and for urgent international intervention.

Locations: Libya, Derna, Libyan

☆ Inflation speeds up as gas prices climb, and some details could keep the Fed wary.
▼ + stars: | 2023-09-13 | by ( Jeanna Smialek | More About Jeanna Smialek | ) www.nytimes.com time to read: +1 min

Economists and investors were closely watching the report, which is the last major data release the Fed will receive before its Sept. 19-20 policy meeting. Fed officials have already raised interest rates to a range of 5.25 to 5.5 percent, up sharply from near-zero as recently as March 2022. Policymakers at the Fed want to avoid raising rates by so much that the delayed effects add up to tank economic growth. But they also want to avoid doing too little and allowing inflation to become a lasting feature of the American economy. Central bankers will release a fresh set of economic projections following their meeting next week.

Persons: they’ve, ”, Sarah House, “ We’re Organizations: Fed Locations: Wells Fargo, Central

Data is trickling in on a new COVID-19 strain nicknamed “pirola,” giving researchers a wider picture of what the variant could mean for the U.S. and the world. Van Kerkhove said that the global COVID-19 variant picture is complex, and that while BA.2.86 is spreading, it is not currently outcompeting other strains. “It is quite a complex picture globally in terms of how these variants behave because different variants circulate in different countries at different times.”Will Vaccines Work on Pirola? Moderna and Pfizer have announced that early data indicates that their updated vaccines do produce an immune response against BA.2.86. "These results demonstrate that our updated COVID-19 vaccine generates a strong human immune response against the highly mutated BA.2.86 variant.

Persons: “ pirola, ” Mandy Cohen, Maria Van Kerkhove, ” Benjamin Murrell, Ashish Jha, pirola, Van Kerkhove, it’s, ”, “, Stephen Hoge Organizations: U.S, CDC, Centers for Disease Control, World Health Organization, WHO, White, Moderna, Pfizer, EG Locations: United States, Denmark, Sweden, Portugal, Israel, Canada, South Africa

☆ Explainer: Why is China's economy slowing down and could it get worse?
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +6 min

REUTERS/Thomas Peter/File Photo Acquire Licensing RightsHONG KONG, Sept 1 (Reuters) - China's economic growth is slowing down as policymakers try to fix a property market downturn, with troubles at major developer Country Garden in focus. Concerns are mounting over whether the world's second-largest economy is coming closer to a crunch point:WHAT IS CAUSING CHINA’S ECONOMIC SLOWDOWN? THERE HAVE BEEN MAJOR CONCERNS OVER CHINA'S ECONOMY BEFORE. China's household spending as a proportion of GDP lags that of most other countries. WILL CHINA’S ECONOMIC SLOWDOWN GET WORSE?

Persons: Thomas Peter, Marius Zaharia, Robert Birsel, Neil Fullick Organizations: REUTERS, Communist Party, Thomson Locations: Beijing, China, HONG KONG, West, United States, Japan, outflows

☆ Why is China's economy slowing down and could it get worse?
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +6 min

☆ Inflation Has Been Easing Fast, but Wild Cards Lie Ahead
▼ + stars: | 2023-08-30 | by ( Jeanna Smialek | More About Jeanna Smialek | ) www.nytimes.com time to read: +1 min

“Inflation is going the right way,” said Gennadiy Goldberg, a rates strategist at TD Securities. Slower rent increases should help to weigh down overall inflation for at least the next year, several economists said. The world’s second-largest economy is growing much more slowly than expected after reopening from pandemic lockdowns. And more generally, Fed policy should help to pull down inflation in the months to come. The central bank has raised interest rates to a range of 5.25 to 5.5 percent over the past year and a half.

Persons: ”, Gennadiy Goldberg Organizations: TD Securities Locations: China

☆ ‘A Wound That Is On the Mend’: Indigenous Art Today
▼ + stars: | 2023-08-25 | by ( Lauren Christensen | ) www.nytimes.com time to read: +1 min

In 2021, along a two-lane highway in Mandan, N.D., a giant billboard showing masked figures in clothing that was inspired by both Indigenous tradition and science fiction declared: “WE SURVIVE YOU.” Its artist, Cannupa Hanska Luger, is one of 17,000 members enrolled in the Mandan, Hidatsa and Arikara Nations today. In 2007, the Anishinaabe artist Rebecca Belmore photographed an Indigenous woman with a “fringe” of blood (represented by red string) trickling from a diagonal scar across her back. “To me it is a wound that is on the mend,” Belmore has said. “She will get up and go on, but she will carry that mark with her.”Over the years, the Kalaaleq artist Laakkuluk Williamson Bathory has performed Greenlandic mask dances, or uaajeerneq, for audiences around the world: “It is a fearsome, sexy clown act,” she’s written, “that was handed down to me from my mother and other Inuit activist artists from Greenland’s movement to self-government in the 1970s.”

Persons: ”, Cannupa Hanska Luger, Rebecca Belmore, ” Belmore, “, Laakkuluk Williamson Bathory Organizations: N.D, “ Locations: Mandan, Hidatsa, Arikara Nations

☆ Photo Essay: A Historic Dallas Neighborhood Grapples With Gentrification
▼ + stars: | 2023-08-24 | by ( Azul Sordo | ) www.usnews.com time to read: +19 min

Raul Gutiérrez Alvarado (left) and his nephew, William Domínguez Gutierrez, pose for a portrait outside of their Oak Cliff home. At the time, the local media narrative was one of positive change for the neighborhood, Valderas says. (Azul Sordo for USN&WR)Before the BarrioOak Cliff was once a majority-white, working class neighborhood, annexed by Dallas in 1903. South Oak Cliff, which is largely Black and Hispanic, has a long record of neglect, well documented by Texas Monthly . This is the only photo she has of herself, which adorns the living room of her South Oak Cliff home.

Persons: Cliff, Seattle –, Ferguson, Raul Gutiérrez Alvarado, William Domínguez Gutierrez, Oak Cliff, Gutierrez, Manuel Sordo, Giovanni Valderas, Valderas, “, Ezekiel Garcia, Brianna Hinguanzo, Jose Melendez, Diana Melendez, ”, . Sandoval, Sandoval, Strausz, ” Sandoval, Tereso Ortiz, they’ve, They’ve, ” Ortiz, Claudia Rangel, Damien Olguin, Rangel, Pearlina Bates, she’s, Bates, ” Bates, ‘ Let's, Todd Williams, Sam Moss, Moss, Cliff Valderas, –, ” Valderas, Chad West, Gloria McCoy, Joann, McCoy, SaCarol Ford, Shaun Montgomery, She’s, Charles Strain, Noah Penn, ” Montgomery, Robert L, Thornton, ” Kathryn Holliday, that's, Tomorrow Bates, it’s, ‘, ” Pearlina Bates Organizations: DALLAS, U.S ., U.S . As Texas, USN, Dallas Morning News, National Community Reinvestment Coalition, Dallas, San, Texas Woman’s University, Oak Cliff, cleats, Bishop Arts, Institute, Ku Klux Klan, D Magazine, “, Penn State University, Bishop Arts District, Casa, Blacks, New York City, Texas Woman's University, Dallas County, City Council, Chad, Greater El Bethel Missionary Baptist Church, Tenth, Historic, Tenth Street Residential Association, Greater El Bethel Church, Ninth Ward School, Ku Klux, Dallas Observer, American Institute of Architects, University of Illinois, Tenth Street, Greater El Bethel Baptist Missionary Church, Sunday, Texas Monthly, Cliff Locations: Dallas, U.S, U.S . As, Seattle, Lawndale, Chicago, Missouri, Dover , New Jersey, Michocán, Mexico, Oak, San Francisco, Denver, Boston, North Oak, Jefferson, “ Texas, Black, “ Barrio America, American City, South Dallas, Oak Cliff, ”, Casa Guanajuato, Dallas from Louisiana, –, Kiest Park, Texas, Melba, Greater El Bethel, Van Buren

☆ Maui children face grief, destruction as schools start up after wildfire
▼ + stars: | 2023-08-19 | by ( Sharon Bernstein | ) www.reuters.com time to read: +5 min

[1/3] A view of burned debris after wildfires devastated the historic town of Lahaina, Maui, Hawaii, U.S., August 10, 2023. Getting kids back in school poses numerous challenges: hundreds have already enrolled in schools in areas outside the burn zone. To help students, parents and staff, the Hawaii State Department of Education is offering in-person and telehealth counseling services, according to the department's website. SCHOOLS REOPEN OUTSIDE BURN ZONEThe state has been encouraging families from Lahaina to enroll their children at schools outside of the burn zone where they may be staying temporarily. Children whose families already lived outside Lahaina but attend schools there on special permits should also enroll elsewhere, the Hawaii State Department of Education said on its website.

Persons: Mike Landes, King Kamehameha, Landes, Courtney Walter, King Kamehameha III, Nahi'ena'ena, They've, Sharon Bernstein, Jonathan Allen, Liliana Salgado, Donna Bryson, Sonali Paul Organizations: Hawai'i Department of Land, Natural Resources, REUTERS Acquire, King Kamehameha III Elementary School, Lahainaluna, Landes, Hawaii State Teachers Association, Hawaii State Department of Education, Reuters, Maui High School, Thomson Locations: Lahaina, Maui, Hawaii, U.S, Hawaii's, Kihei, Landes, Maui's Upcountry, Lahainaluna, West Maui, Sacramento

☆ Darfur: Hundreds of people fleeing El Geneina were killed in a day-long massacre, body collectors and survivors say
▼ + stars: | 2023-08-16 | by ( Tamara Qiblawi Allegra Goodwin Nima Elbagir Celine Alkhaldi | Tamara Qiblawi | Allegra Goodwin | ) edition.cnn.com time to read: +18 min

A picture taken on June 16, 2023, shows bodies strewn outdoors near houses in the West Darfur capital El Geneina. A video shared on Twitter on June 14, 2023, showing hundreds of refugees from El Geneina walking towards Chad. “The fighters had DShK’s (Soviet-era heavy machine guns) and other heavy weaponry,” said Khamiss, the lawyer from El Geneina. Zahra Adam, a women’s rights activist from El Geneina, told CNN she had saved two young boys from drowning. When asked whether the ICRC had alerted third parties to evidence of a mass atrocity in El Geneina, Synenko said they had not.

Persons: El Geneina, ”, “, Masalit, Jamal Khamiss, Khamiss, ” Jamal Khamiss Khamiss, Mohamed Hamdan Dagalo —, Gen, Mohamed Hamdan Dagalo, Hemedti, Abdel Fattah al, Burhan, Omar al, Bashir, Wagner, Zohra Bensemra, Dr, Papi Maloba, Maloba, Mohammad Ghannam, RSF, West, Khamis Abbakar, ” Khamiss, Zahra Adam, Adam, General Abdelrahman Juma —, General Abdelrahman Juma, YouTube Juma, Mujeeb Rahman Muhammad Rezk, Alyona Synenko, Synenko, Chad The, ” Zahwi Idriss, Zahwi Idriss Organizations: CNN, Rapid Support Forces, West Darfur, Getty, Sudanese, International Organization for Migration, Twitter, Hemedti, United Nations, Reuters, Sans, MSF, Chadian, El, Teaching, Crescent, YouTube, Support Forces, Sudanese Red Crescent Society, SRC, International Committee, ICRC, Darfur, UN, Geneina Teaching Locations: West Darfur, El, West, El Geneina, AFP, Chad, Sudan, “, Geneina, Darfur, Chadian, Shukri, Khartoum, Adre, Ardmata, Wadi Kaja, RSF, tarpaulins, Africa, ”

Indian rice stocks, including unmilled husk varieties at state warehouses, totalled 37.6 million metric tons on Aug 1, the sources told Reuters. Stocks held as of Aug 1 include 24.6 million metric tons of rice and 13 million metric tons of the unmilled variety, the sources said. State-run warehouses must have 13.5 million metric tons of rice, including strategic reserves of 2 million metric tons for the quarter beginning July 1, according to local government rules. FCI bought 84.6 million metric tons of rice paddy from domestic farmers during the 2022-23 marketing year, yielding around 57 million metric tons of rice. Indian farmers harvested a record 135.5 million metric tons of rice in 2022-23, according to the Ministry of Agriculture & Farmers Welfare.

Persons: Rajendra, Stocks, Krishna Rao, Rao, Mayank Bhardwaj, Rajendra Jadhav, Alexander Smith Organizations: REUTERS, Reuters, Food Corporation of India, FCI, Ministry of Agriculture & Farmers Welfare, El, Rice, Association, Thomson Locations: Kakinada Anchorage, Andhra Pradesh, India, DELHI, MUMBAI, Delhi, B.V

☆ Inside Myanmar’s Escalating Assault on Civilians
▼ + stars: | 2023-07-31 | by ( Haley Willis | Weiyi Cai | ) www.nytimes.com time to read: +16 min

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Persons: Anthony Davis, “, Mr, Davis, ”, Maung, “ It’s, you’ve, Nyaung Kone, Maung Maung, Ngun Hoi, Hram Ling “, Ngun, Daw Thein Htay, Thein Htay, Htoke, Ma Gyi Sauk, Paung Hle Kone, Hle Kone, ” Mr, Tun Sein, Tragically Organizations: New York Times, Rohingya, National Unity Government, The Times, United Nations, Human Rights, “, Janes, Amnesty, Amnesty International, Education, Facebook, Myanmar, Myanmar Witness, Times Locations: Myanmar, trickling, Myanmar’s, Rakhine State, Rakhine, China, Russia, Sagaing, Kachin State, Pazigyi, Naypyidaw, Yangon Yangon, Yangon, Nyaung, Khuafo, Thantlang Township, Ngun, Thantlang, Salai, Ma Gyi, Paung, Sagaing’s Son, “

☆ Soft Landing Optimism Is Everywhere. That’s Happened Before.
▼ + stars: | 2023-07-27 | by ( Jeanna Smialek | More About Jeanna Smialek | ) www.nytimes.com time to read: +1 min

Inflation has begun to cool meaningfully, but unemployment remains historically low at 3.6 percent and hiring has been robust. Consumers continue to spend at a solid pace and are helping to boost overall growth, based on strong gross domestic product data released on Thursday. Mr. Powell said that while he was not yet ready to use the term “optimism,” he saw a possible pathway to a relatively painless slowdown. Those rate moves are trickling through the economy, making it more expensive to buy cars and houses on borrowed money and making it pricier for businesses to take out loans. “The prevailing consensus right before things went downhill in 2007, 2000 and 1990 was for a soft landing,” said Gennadiy Goldberg, a rates strategist at TD Securities.

Persons: Jerome H, Powell, ”, Gennadiy Goldberg Organizations: TD Securities, “ Locations: Washington

The steady stream of Chinese shipments has served to plug supply gaps in Western markets and helped replenish depleted London Metal Exchange (LME) stocks. China's export impulse is keeping the local market tight, which appears to be attracting a lot of speculative attention to the Shanghai lead contract. The three top destinations over the first half of 2023 were Taiwan (17,500 metric tons), Vietnam (16,100 metric tons) and Bangladesh (10,300 metric tons). LME STOCKS REBUILDSome of China's outbound shipments have been trickling into the LME warehouse system. ShfFE lead price, MOI and stocksCHINA TIGHTNESSWhile LME stocks have been rising, ShFE inventory has been sliding.

Persons: It's, Emelia Sithole Organizations: London Metal Exchange, Shanghai Futures Exchange, China, Reuters, Thomson Locations: Shanghai, China, Europe, United States, Asia, Taiwan, Vietnam, Bangladesh, Kaohsiung, Singapore, Stolberg, MOI, CHINA, London

☆ ‘Boys Love’ genre finds new audiences in South Korea
▼ + stars: | 2023-07-17 | by ( Jake Kwon | ) edition.cnn.com time to read: +9 min

Not only was the TV series part of a genre — Boys’ Love, or BL for short — that was lesser-known in South Korea, it depicted something rarely seen on the country’s screens: same-sex romance. “Semantic Error,” which was based on a popular web novel of the same name, tells the story of two male college students who fall in love. And the risk paid off: “Semantic Error” became a hit upon its release in 2022. There are currently more than 20 BL shows being produced in South Korea. The on-screen adaptation of "Semantic Error" stars Park Seo-ham as Jang Jae-young and Jaechan as Chu Sang-woo.

Persons: Park Jae, chan, ” Jaechan, Jaechan, Chu Sang, “, ”, —, Kim Hyo, Jeong Areum, Kakao, Kim, Jennifer Konig, J, Kim Hye, ” Kim, Jang Jae, Thomas Baudinette, Jeong, South Korea’s, Go Tae, Holland, ” Holland, “ That’s Organizations: CNN, Elle, Cosmopolitan, BL, Seoul National University . Local, Sydney’s Macquarie University, South Locations: South Korean, South Korea, Japan, Seoul, Asia, Taiwan, Thailand, Korean

☆ Indian shares hit fresh record highs as earnings season kicks off
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: 1 min

BENGALURU, July 17 (Reuters) - Indian shares opened higher to hit fresh all-time highs, aided by broad sectoral gains as earnings began trickling in, shrugging off weakness in Asian markets on lacklustre economic data from China. The Nifty 50 (.NSEI) index rose as much as 0.24% to 19,612.15, while the S&P BSE Sensex (.BSESN) gained 0.19% to 66,189.50, as of 9:19 a.m. IST. Reporting by Bharath Rajeswaran in Bengaluru; Editing by Dhanya Ann Thoppil and Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

Persons: Bharath Rajeswaran, Dhanya Ann Thoppil Organizations: BSE, Thomson Locations: BENGALURU, China, Bengaluru

☆ CNBC Daily Open: Cool inflation and hot markets
▼ + stars: | 2023-07-13 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Disinflation in processU.S. headline inflation in June rose just 0.2% compared with May, and 3% from a year ago — the lowest level since March 2021. Excluding food and energy prices, core CPI was 0.2% higher month on month and 4.8% higher on an annual basis. China's trade trickling dryChina's trade activity in June indicated the country's economic slump isn't over.

Persons: Dow Jones, xAI Elon Musk, xAI, Michael Schumacher Organizations: CNBC, Nasdaq, Imports, SpaceX, Twitter, Google, Federal Reserve, Wells, Wells Fargo Securities Locations: Asia, Pacific, South, Wells Fargo

"I was a little hesitant coming as a American, like 'Oh my god my government did really bad things here. Tourists "are messengers who tell these states that Iraq has returned to being a safe country and is not a red line as some say. 'DO NOT TRAVEL'The U.S. and European countries still warn against any travel to Iraq due to security concerns. The U.S. State Department website says: "Do not travel to Iraq due to terrorism, kidnapping, armed conflict, civil unrest". Few of the ancient ruins that dot the country have signs describing their significance, nor accredited tour guides.

Persons: Anna Nikolaevna, Jacob Nemec, Imam Ali, Alaa, Marjani, Jacob Nemec's, Nemec, Ahmed Fakak Al, Badrani, Al, General Abdel, Karim Sudani, Ali Hilal, Hilal, Timour Azhari, Maher Nazeh, Ahmed Saeed, Khalid al, Ros Russell Organizations: REUTERS, Islamic, Tourism, Reuters, Foreign, U.S . State Department, Thomson Locations: Russian, American, Najaf, Iraq, Marjani BAGHDAD, Reno , Nevada, Iran, U.S, Baghdad, Europe, United States, British, Babylon, Mosul, West, Al Qaeda, Islamic State, Ali, Canada, Babil, Mousily

☆ Can AI save commercial real estate in San Francisco?
▼ + stars: | 2023-07-10 | by ( Samantha Delouya | ) edition.cnn.com time to read: +7 min

In an aerial view, cars drive by the San Francisco skyline as they cross the San Francisco-Oakland Bay Bridge on October 27, 2022 in San Francisco, California. Alexander Quinn, senior director of research at commercial real estate company JLL, said his firm sees bright spots in San Francisco’s commercial real estate market as AI companies drive office leasing demand. A shopper exits the Westfield San Francisco Centre shopping mall in San Francisco, California, US, on Tuesday, June 13, 2023. The US Census Bureau reports an estimated 35% of employees in San Francisco and San Jose continue to work from home. “I think the crash is coming, and it hasn’t happened yet,” he added, referring to commercial real estate prices.

Persons: Naveen Rao, CBRE, Justin Sullivan, it’s, ” Rao, San, Alexander Quinn, JLL, ” Quinn, Rao, OpenAI, ”, “ There’s, MosaicML, Quinn, “, Francisco’s, David Paul Morris, Henrique Dubugras, ” Michael Tannenbaum, Tannenbaum, Hans Hansson Organizations: CNN, San, Westfield, San Francisco Centre, Westfield San Francisco, Bloomberg, Getty, London, US, “ Locations: San Francisco, Southern California, Francisco, Oakland, San Francisco , California, ”, “ San Francisco, New York, Los Angeles, city’s, San Francisco’s Union, Coresight, Westfield San Francisco Centre, California, Francisco’s, San Jose, decamping, United States

☆ San Francisco Fed president: Silicon Valley Bank’s failure wasn’t our fault
▼ + stars: | 2023-07-10 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Washington, DC CNN —Silicon Valley Bank failed because regulators were far too slow to take action, San Francisco Federal Reserve Bank President Mary Daly said Monday in her first extended remarks about the collapse. SVB operated in Daly’s district before the regional bank’s stunningly rapid failure in March, but she noted she doesn’t have a supervising role. Daly said the supervisors at the San Francisco Fed simply report issues to the Fed’s Board of Governors, which is ultimately responsible for fixing any regulatory issues. “My job is to support the supervision that the vice chair of supervision has set out, so how do I do that? The possibility of a rate hike in September remains unclear, though Powell said he wouldn’t take consecutive rate hikes off the table.

Persons: Mary Daly, SVB, ” Daly, Michael Barr, Democratic Sen, Elizabeth Warren, Daly, Jerome Powell, Warren, ”, Barr, it’s, It’s, Powell, Loretta Mester, Mester, “, Raphael Bostic, ” Bostic, ” — CNN’s Elisabeth Buchwald Organizations: DC CNN, Valley Bank, San Francisco Federal Reserve Bank, Brookings Institution, Signature Bank, First Republic Bank, Democratic, San Francisco Fed, Fed’s, of Governors, Fed, San Francisco, Cleveland Fed, University of California, Atlanta Fed, trickling, Cobb County Chamber of Commerce Locations: Washington, Daly’s district, Washington ,, San Francisco Fed, San Diego, Cobb County, Atlanta

☆ Essence Fest is devoting a day to Nollywood for the first time
▼ + stars: | 2023-06-29 | by ( Nimi Princewill | ) edition.cnn.com time to read: +4 min

Lagos, Nigeria CNN —For the first time, Essence Fest – which has been celebrating African American culture in the United States for more than two decades – is devoting a day to Nigeria’s Nollywood film industry – the most prolific in Africa. “Nigeria will have its own day in terms of the film and TV industry, where we are front and center. “It’s such an honor to be part of this inaugural official Nollywood delegation to the Essence Festival. Last year, Amazon Prime Video secured exclusive streaming agreements with two Nollywood film studios in its hunt for African content. (But) we have to take our stories out … by participating in international events like the Essence Festival and the Cannes Film Festival.

Persons: Nigeria’s, Toyosi, ”, Shawn Faqua, “, Daniel Etim Effiong, Nollywood, Effiong, Etim Effiong Organizations: Nigeria CNN —, Culture, CNN, “, Essence, Amazon Prime, Netflix, Cannes Film, American Locations: Lagos, Nigeria, United States, Africa, New Orleans, “ Nigeria, West African, Nigerian, Nollywood

Editor’s Note: A version of this story appears in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories. The findings show that support for China has gradually risen over the years as Beijing expands its footprint in the region. Of those polled, 61% said they support US disengagement from the Middle East, with most support for this being recorded in North Africa and the Levant. It also ranks third among those countries Arabs consider an enemy this year, replacing the US which held that position last year, but now ranks fifth. Russia’s involvement in conflicts across the Middle East may be responsible for the drop in its popularity, said Jacobs.

Persons: UAE CNN —, ASDA’A, ”, Anna Jacobs, ” Young, Charles Dunne, “, ” “, Jacobs, Mahmoud Abbas, Abbas, Biden, Benjamin Netanyahu, “ Biden, Dunne, – Organizations: UAE CNN, Group, Israel, CNN, EU, Palestinian, White House Locations: Abu Dhabi, UAE, China, United States, Dubai, Beijing, Russia, Turkey, North Africa, Levant, Ukraine, multipolarity, Gulf, Saudi Arabia, East, Iran, Israel

☆ Fed Leaves Rates Steady but Forecasts More Moves to Come
▼ + stars: | 2023-06-14 | by ( Jeanna Smialek | ) www.nytimes.com time to read: +1 min

Fed officials try to keep inflation climbing at a pace of 2 percent a year, but its rise has been much more rapid than that since early 2021. But 15 months into their fight to wrestle inflation lower, Fed officials want to give themselves more time to assess how their policy is playing out in the economy. Central bankers voted unanimously on the decision to leave interest rates unchanged. Just because Fed officials are moving into a new and more patient stage of their war against rapid price increases does not mean that they are giving up on their push to cool inflation. Central bankers have already moved rates up notably, to about 5.1 percent, and those changes are still trickling through and weighing on the economy.

Persons: ” Jerome H, Powell Organizations: Fed Locations: Central

She spoke following a keynote presentation in San Francisco during which Su showed an AI system on the MI300X chip writing a poem about the city. "The more memory that you have, the larger the set of models" the chip can handle, Su said. But unlike past presentations where AMD has talked up a major customer for a new chip, AMD did not say who will adopt the MI300X or a smaller version called the MI300A. Nvidia, whose shares have surged 170% so far this year, dominates the AI computing market with a market share of 80% to 95%, according to analysts. Aside from the AI market, AMD said it has started shipping high volumes of a general purpose central processor chip called "Bergamo" to companies such as Meta Platforms (META.O).

Persons: Lisa Su, Dave Brown, Stephen Nellis, Su, We've, Kevin Krewell, Alexis Black Bjorlin, Nvidia's, Chintala, Sag, Leslie Adler, David Gregorio, Nick Zieminski, Mark Porter Organizations: AMD, Amazon Web, REUTERS, Devices Inc, Nvidia Corp, Reuters, Nvidia, TIRIAS Research, Intel Corp, Systems, SambaNova Systems, Google, Facebook, Nvidia's, Meta, Moor, Thomson Locations: San Francisco , U.S, Santa Clara , California, San Francisco, Bergamo

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