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COPENHAGEN, Aug 10 (Reuters) - Denmark's Orsted (ORSTED.CO), the world's No. 1 offshore wind farm developer, on Thursday reported second-quarter operating profit below expectations and confirmed its full-year guidance. Orsted kept its 2023 forecast for EBITDA excluding new partnerships unchanged at between 20 billion and 23 billion crowns. "However, compared to the guidance provided in our annual report for 2022, we now expect higher earnings in Offshore than initially announced," Chief Executive Mads Nipper said in a statement. ($1 = 6.7816 Danish crowns)Reporting by Jacob Gronholt-Pedersen, editing by Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.

Persons: Orsted, Mads Nipper, Jacob Gronholt, Pedersen, Terje Solsvik Organizations: Thomson Locations: COPENHAGEN

☆ Latest China developer debt woes could spur policy aid, but industry downbeat
▼ + stars: | 2023-08-09 | by ( Clare Jim | ) www.reuters.com time to read: +6 min

The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. China’s property sector, which accounts for a quarter of the economy, has already seen a string of debt defaults by cash-squeezed developers since late 2021, with China Evergrande Group, the world’s most indebted property developer, at the centre of the crisis. Contagion fears in the market re-surfaced last month when four high-profile developers signalled liquidity stress amid slumping home sales nation-wide. Country Garden declined to comment on the investment bank reports. JP Morgan noted that if Country Garden still defaulted after policies aiming at boosting liquidity for developers, it would show that “there is no guarantee of survival”.

Persons: Aly, Dalian Wanda, Garden’s, ”, “, JP Morgan, Evergrande, ” JP Morgan, ” Morgan Stanley, Stephen Cheung Organizations: Reuters, Shanghai Country Garden, REUTERS, Garden, China Evergrande Group, Group, Greenland Holdings, Dalian Wanda Group, Dalian, HSBC, Communist Party Locations: HONG KONG, Shanghai, China, Greenland

☆ Analysis-Latest China developer debt woes could spur policy aid, but industry downbeat
▼ + stars: | 2023-08-09 | by ( Clare Jim | ) www.reuters.com time to read: +6 min

☆ Analysis: Latest China developer debt woes could spur policy aid, but industry downbeat
▼ + stars: | 2023-08-09 | by ( Clare Jim | ) www.reuters.com time to read: +6 min

[1/2] The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. China's property sector, which accounts for a quarter of the economy, has already seen a string of debt defaults by cash-squeezed developers since late 2021, with China Evergrande Group (3333.HK), the world's most indebted property developer, at the centre of the crisis. Contagion fears in the market re-surfaced last month when four high-profile developers signalled liquidity stress amid slumping home sales nation-wide. Country Garden declined to comment on the investment bank reports. JP Morgan noted that if Country Garden still defaulted after policies aiming at boosting liquidity for developers, it would show that "there is no guarantee of survival".

Persons: Aly, HONG KONG, Dalian Wanda, Garden's, JP Morgan, Evergrande, Morgan Stanley, Stephen Cheung, Clare Jim, Kevin Yao, Kim Coghill Organizations: Shanghai Country Garden, REUTERS, HK, Garden, Reuters, China Evergrande, Ocean Group, Greenland Holdings, Dalian Wanda Group, Dalian, HSBC, Communist Party, Thomson Locations: Shanghai, China, HK, Greenland, Beijing

Moller-Maersk (MAERSKb.CO) warned on Friday of a steeper decline in global demand for shipping containers by sea this year prompted by muted economic growth and customers reducing inventories. The company, one of the world's biggest container shippers with a market share of around 17%, said it expects container volumes to fall by as much as 4%. Maersk, one of the world's biggest container shippers with a market share of around 17%, transports goods for retailers and consumer companies such as Walmart, Nike and Unilever. Maersk posted record earnings last year due to high freight rates caused by high consumer demand and pandemic-related log jams at ports. But freight rates have tumbled this year amid a global economic slowdown.

Persons: Andrew Kelly, Moller, destocking, Vincent Clerc, Jacob Gronholt, Pedersen, Terje Solsvik, Jacqueline Wong Organizations: Maersk, REUTERS, Shipping, Walmart, Nike, Unilever, Thomson Locations: Copenhagen, Denmark, Europe, United States

At least ten copies of the Koran have been burned in Denmark over the past week. WHAT IS AT THE HEART OF THE ISSUE IN SWEDEN AND DENMARK? WHAT ARE SWEDEN AND DENMARK DOING NOW? Nevertheless, both Sweden and Denmark say they are examining ways to legally limit burnings to de-escalate tensions with Muslim nations. WHAT NEXT FOR THE LAW IN DENMARK AND SWEDEN?

Persons: Salwan Momika, Rasmus Paludan, Desecrating, Prophet Mohammad, Angel Gabriel, Tom Little, Susie Jessen, Tayyip Erdogan, Johan Ahlander, Johannes Birkebaek, Ahmed Rasheed, Gwladys Fouche, Andrew Heavens Organizations: WHO, Danish Patriots, NATO, REUTERS, Denmark Democrats, Reuters, Sweden's, Thomson Locations: COPENHAGEN, Denmark, Sweden, Iraq, Swedish, SWEDEN, DENMARK, Christiansborg Palace, Copenhagen, Tom Little Denmark, Baghdad, East, Stockholm

☆ Lost samples from a secret army base reveal that Greenland's ice vanished 416,000 years ago. That means it could melt way faster than expected.
▼ + stars: | 2023-07-30 | by ( Maiya Focht | ) www.businessinsider.com time to read: +5 min

The data comes from long-lost ice cores obtained during a secret army mission during the Cold War. Grabbing ice cores for scientists to study served as a perfect cover for their real intention, burying nuclear missiles within Greenland's ice sheet, in a scheme known as Project Iceworm. Along with the ice, scientists grabbed 12 feet of sediment that sat beneath the ice sheet. "The ancient frozen soil from beneath Greenland's ice sheet warns of trouble ahead," Bierman and co-author Tammy Rittenour wrote in The Conversation. Essentially, in the coming centuries, climate change will cause the Greenland ice sheet to melt completely, the researchers said.

Persons: Paul Bierman, Bierman's, Andrew Christ, Josh Brown, Bierman, Tammy Rittenour, Kasl, David Atwood, Emilio, It's Organizations: Service, University of Vermont, U.S . Army, Oceanic Locations: Greenland, Danish, U.S, Miami, Manhattan

☆ China's property firms rally after Beijing pledges economic support
▼ + stars: | 2023-07-25 | by ( Clare Jim | ) www.reuters.com time to read: +3 min

Its Shanghai-traded bond surged 25% to 38 yuan, while a Shenzhen-traded bond rose 44% to 33.6 yuan. "Most important, (Beijing) sent a signal of further easing property restrictions by dropping the phrase...and mentioning streaming property policies," Nomura chief China economist Ting Lu said. Sino-Ocean Group's onshore bond rose 8.6% to 23.5 yuan in Shanghai. The state-backed firm is currently negotiating with creditors to extend the repayment for the yuan bond due Aug. 2. Nomura's Lu maintained the view that there is no quick fix for the property sector, and that the central government would only marginally ease some existing restrictive measures in large cities.

Persons: Nomura, Ting Lu, Nomura's Lu, Morgan Stanley, Clare Jim, Jason Xue, Sherry Jacob, Phillips, Sam Holmes Organizations: Mainland Properties, CSI, HK, Garden Services, Communist Party, Longfor, Seazen, KWG, Ocean Group, Greenland Holdings, Country Garden, Dalian Wanda Group, Thomson Locations: HONG KONG, Hang, Hong Kong, Shanghai, Shenzhen, Beijing, China

☆ China's property shares rally after Beijing pledges economic support
▼ + stars: | 2023-07-25 | by ( Clare Jim | ) www.reuters.com time to read: +2 min

HONG KONG, July 25 (Reuters) - Shares of China's property developers surged on Tuesday following a sharp selloff in the previous session, after policymakers said they would step up support for the embattled sector. Hong Kong's Hang Seng Mainland Properties Index (.HSMPI) jumped 12%, while Chinese CSI 300 Real Estate (.CSI000952) gained 7%. "Most important, (Beijing) sent a signal of further easing property restrictions by dropping the phrase...and mentioning streaming property policies," Nomura chief China economist Ting Lu said. Lu, however, maintained the view that there is no quick fix for the property sector, and the central government would only marginally ease some existing restrictive measures in large cities. In recent weeks, investors were wary of a deepening debt crisis in the property sector as new signs of trouble emerged among state-backed property developers Sino-Ocean Group (3377.HK) and Greenland Holdings (600606.SS), as well as property giants Country Garden (2007.HK) and Dalian Wanda Group.

Persons: Nomura, Ting Lu, Lu, Morgan Stanley, Clare Jim, Sherry Jacob, Phillips, Sam Holmes Organizations: Mainland Properties, CSI, HK, Longfor, Seazen, KWG, Communist Party, Ocean Group, Greenland Holdings, Country, Dalian Wanda Group, Thomson Locations: HONG KONG, Hang, Hong Kong, China, HK, Beijing

☆ Atlantic Ocean circulation is heading for a collapse around mid-century, scientists report
▼ + stars: | 2023-07-25 | by ( Laura Paddison | ) edition.cnn.com time to read: +5 min

The AMOC is a complex tangle of currents that works like a giant global conveyor belt. It transports warm water from the tropics toward the North Atlantic, where the water cools, becomes saltier and sinks deep into the ocean, before spreading southwards. The likeliest point of collapse is somewhere between 2039 and 2070, Ditlevsen said. Warming oceans and melting ice threaten to desatbilize a crucial system of ocean currents in the Atlantic. “The key point of this study is that we don’t have much time at all to do this,” de Menocal said.

Persons: ”, Peter de Menocal, Peter Ditlevsen, Ditlevsen, “, Drew Angerer, Menocal, It’s, haven’t, ” de Menocal, Stefan Rahmstorf Organizations: CNN, Oceanographic Institution, University of Copenhagen, Atlantic, University of Potsdam Locations: Europe, Greenland, Cove, Newfoundland, Canada, Germany

"The major thing that we see now is onshore-traded Country Garden bonds going down," he said. Country Garden is a giant with thousands of projects in nearly 300 Chinese cities. Li Changjiang, the president of Country Garden Services, sold 3.2 million shares of the company last week, reducing his stake to 0.11% from 0.21%. They also cut its price target to HK$0.9 from HK$2.3 and that of Country Garden Services Holdings to HK$6.7 from HK$22. "Distressed Chinese property developers’ bond restructurings can buy them some room," Fitch Ratings said in a report on Monday.

Persons: Longfor, Wanda, Yao Yu, Morgan Stanley, Morgan, Li Changjiang, Fitch, Jason Xue, Tom Westbrook, Clare Jim, Xie Yu, Georgina Lee, Marc Jones, Kim Coghill, Jamie Freed, Barbara Lewis, Christina Fincher Organizations: HK, Dalian, Garden, Country Garden Services, Garden Holdings, Garden Services Holdings, China, Greenland Holdings, Ocean Group, Thomson Locations: SHANGHAI, SYDNEY, China, Hong Kong, Evergrande, Cayman Islands, Shanghai, Sydney, London

☆ Check out a ghost town of deserted Chinese mega-villas built for multimillionaires that's now overrun by farmers and left to rot
▼ + stars: | 2023-07-24 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +6 min

Chinese farmers have moved into a cluster of abandoned villas in China to grow crops and rear cattle. Jade Gao/AFP via Getty ImagesThe half-built villas are now overrun by local farmers, who plow the land and plant crops on the overgrown lawns of abandoned villas. Local farmers now plow the land of the abandoned development. Jade Gao/AFP via Getty ImagesThe insides of the buildings look post-apocalyptic too, like shots straight out of "The Last of Us." Shenyang's ghost villas are just one of many "rotten" real estate projects across China's urban landscapeThe interior of a deserted housing sales building.

Persons: Jade Gao, —, riche, Guo, who's, Li Gan, Gan Organizations: Twitter, Service, AFP, Greenland Group, Getty, Getty Images, Texas, M University, Survey, Research Center, China Household Finance, Chengdu's Southwestern University of Finance, Economics Locations: China, AFP, Weibo, Wall, Silicon, Shenyang, China's, Liaoning province, Greenland, Evergrande, Li

"That doesn't get them completely out of the woods," said one Country Garden bondholder, who declined to be identified, adding that the developer was facing a further batch of bonds payments in coming months. "If sales don't improve people will worry about the repayment ability for developers like Country Garden who have large exposure in smaller cities," Cheng said. "Country Garden is a top developer in terms of sales. It has been another week of unsettling news in the property market in China. Other efforts are needed to boost buyers’ sentiment about the long-term trajectory of the property market," they added.

Persons: Raymond Cheng, Cheng, Friday's, Wanda, China's, Wang Jianlin, DWCM, selloff, Yao Yu, Wanda Commercial's, Ankur Banerjee, Jason Xue, Clare Jim, Xie Yu, Marc Jones, Tom Hogue, Robert Birsel, Sharon Singleton, Frances Kerry Organizations: HK, CGS, CIMB Securities, Dalian Wanda Group, ANZ, Dalian Wanda Commercial Management, P, JPMorgan, Reuters Graphics, Thomson Locations: SINGAPORE, HONG KONG, Hong Kong, China, Beijing, Greenland, Dalian, Singapore, Shanghai, London

☆ Morning Bid: Barbie hits the box office
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +3 min

[1/2] A fan takes a photo of a Barbie doll at the world premiere of the film "Barbie" in Los Angeles, California, U.S., July 9, 2023. American Airlines (AAL.O) and Philip Morris (PM.N) are reporting. Market sources told Reuters that China's state banks were out in the Asia morning selling dollars offshore. Mattel says the Barbie movie is expected to boost global sales of Barbie dolls, which declined last year from record growth during the pandemic. Reuters GraphicsKey developments that could influence markets on Thursday:Data: U.S. jobless claims, housing startsEarnings: Philip Morris, American AirlinesReporting by Tom Westbrook; Editing by Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Blake, Tom Westbrook Barbie's, Elon Musk, Ansell, Philip Morris, Barbie, Tom Westbrook, Edmund Klamann Organizations: REUTERS, American Airlines, Communist Party, Traders, Reuters, Aussie, Mattel, Thomson Locations: Los Angeles , California, U.S, Asia, China, Xinhua, Hong Kong, Greenland

☆ Long-lost Greenland ice core suggests potential for disastrous sea level rise
▼ + stars: | 2023-07-20 | by ( Laura Paddison | ) edition.cnn.com time to read: +5 min

Instead, moderate, natural warming led to large-scale melting and sea level rise of more than 1.4 meters (4.6 feet), according to the report published Thursday in the journal Science. This would have significant impacts on sea level rise. The potential implications for sea level rise are enormous, Tammy Rittenour, a professor from Utah State University and study co-author said in a statement. “We are looking at meters of sea level rise, probably tens of meters. “The current greenhouse gas emission-driven warming may reduce the Greenland ice sheet faster than forecast,” he told CNN.

Persons: ”, Paul Bierman, Bierman, “ It’s, “, Tammy Rittenour, Andrew Shepherd, Jason Box, “ we’re Organizations: CNN, University of Vermont, Utah State University, Northumbria University, Geological Survey Locations: Greenland, Denmark, Copenhagen, New York City, Boston, Miami, Amsterdam, India, Africa, glaciology

☆ Fact Check-Tsunami clips show Greenland, not Alaska after July earthquake
▼ + stars: | 2023-07-19 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A clip of rising water flowing into a small bay is circulating with the false claim that it shows tsunami water in Alaska after the state was hit with an earthquake in mid-July. Another clip circulating online shows a similar horizon, with wooden cabins being swept away and is also falsely linked to the 2023 Alaska earthquake (here). The same scene was uploaded by the Kalaallit Nunaata Radio (KNR), the national broadcasting organization of Greenland, in June 2017 (bit.ly/40ILeBs). Reuters previously addressed another clip shared online showing the same June 2017 tsunami in Greenland that was falsely attributed to the February Turkey-Syria earthquake (here). The clips pre-date the July 2023 Alaska earthquake and were attributed to a tsunami caused by a 2017 landslide in western Greenland.

Persons: Read Organizations: YouTube, Reuters Locations: Alaska, Greenland, Nuugaatsiaq, Turkey, Syria

"It's all about containing those kinds of capabilities from the north," retired U.S. Major General Gordon B. Davis Jr. told Reuters. "With five submarines we can close the Baltic Sea," Linden told Reuters. The region from the Baltic in the south to the high north may become almost an integrated operating area for NATO. It was first shipped from Germany across the Baltic Sea, then trucked nearly 900 km to the north. "It would make it very difficult for the Russian Baltic Sea fleet to operate in a free way," he said.

Persons: Mika Hakkarainen, Finland –, Major General Gordon B, Davis Jr, Fredrik Linden, Sweden's, Linden, Samu Paukkunen, Paukkunen, Sebastian Bruns, Michael Maus, Kurt Rossi, Rossi, Tuomo Lamberg, Bruns, Nick Childs, Anne Kauranen, Johan Ahlander, Jacob Gronholt, Sabine Siebold, Sara Ledwith Organizations: NATO, Reuters, Fleet, Finnish Institute of International Affairs, Major, Analysts, Northern Fleet, Kiel University's Institute for Security, NATO's, Transformation, Field Artillery, U.S . Army, Baltic, Commission, Security, Cooperation, Naval Forces and Maritime Security, International Institute for Strategic Studies, Fouche, Pedersen, Thomson Locations: TORNIO, Finland, KARLSKRONA, Sweden, Norway, Russia, Stockholm, Ukraine, Moscow, Europe, RUSSIA, Russian, Murmansk, Kola, Barents, North America, Greenland, Iceland, Helsinki, Baltic, Nord, Russia's, Denmark, Kiel, Rovaniemi, Santa Claus, United States, Britain, Germany, –, St, Petersburg, Kaliningrad, Sweco, Swedish, Gotland, Karlskrona, Oeland, London, Birmingham, Tornio, Oslo, Copenhagen, Brussels

☆ More than 100 Viking cruise passengers were hit with bouts of vomiting and diarrhea amid a nasty norovirus outbreak onboard
▼ + stars: | 2023-06-21 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

More than 13% of passengers on board the Viking Neptune this month fell ill with norovirus, the CDC said. The health agency has already logged 13 outbreaks of the contagious virus on cruise ships this year. The Viking Neptune transformed into a cross-continental petri dish as more than 100 passengers onboard the cruise ship fell ill with the highly contagious norovirus this month. Gastrointestinal illnesses have long been frequent guests aboard cruise ships, where cramped quarters allow germs to spread easily, and the highly contagious norovirus is the most notorious cruise ship culprit. In March, more than 300 people on board a Princess Cruise ship fell ill with the virus, and another outbreak hit 177 people traveling on a Celebrity Cruise ship earlier this month.

Persons: Viking Organizations: CDC, Morning, Centers for Disease Control, Viking Cruises, Sanitation Locations: Iceland, New York, Greenland, Canada

☆ The ‘breakout travel trend’ of the decade: What to know about expedition cruising
▼ + stars: | 2023-06-13 | by ( Helen Iatrou | Chris Dwyer | ) www.cnbc.com time to read: +7 min

Instagram posts — which often showcase trips to Antarctica — may have given expedition cruising more publicity, but this form of cruising isn't new. Today, there is stiff competition among expedition cruise lines to launch more technologically advanced vessels and to secure onboard talent. Source: Aurora ExpeditionsNoah Brodsky, chief commercial officer of Lindblad Expeditions-National Geographic, described expedition cruising as the "breakout travel trend of the decade." Expedition cruising is also a good option for the growing number of solo travelers. "Unfortunately, this has meant the new expedition cruise ships have become larger and the expedition experience itself has been sacrificed," he told CNBC.

Persons: LIND, Costa, Greg Mortimer, Carlo Raciti, Bronwyn Stephenson, Aurora expeditioner, Lindblad, Mensun, Robert Bindschadler, Hayley Peacock, Gower, Aurora's Hayley Peacock, Noah Brodsky, James Cole, Hillary, Cousteau, Shackleton, Cole, Xers, hadn't, Carl Raciti, Andrew Marsh, Commandant Charcot, Stefanie Schmudde Organizations: Aurora Expeditions, Panama's UNESCO, Expeditions, Lindblad Expeditions, NASA, Aurora, Geographic, CNBC, Expedition, Cruisers, Environmental, Abercrombie, Kent Locations: Australia, Panama, Costa Rica, Aurora, Antarctica, Its, Greenland, Alaska, Galapagos, French Polynesia, Western, Kimberley, Central, South America

☆ Smoke from Canada’s wildfires has reached as far as Norway
▼ + stars: | 2023-06-09 | by ( Laura Paddison | ) edition.cnn.com time to read: +2 min

Over the last few days, plumes of smoke have stretched from Canada across Greenland, Iceland and made their way to Norway. It’s not unusual for wildfire smoke to travel long distances. “Smoke from wildfires such as those in Canada is injected at high altitudes thus staying in the atmosphere longer and able to travel over far distances,” he said. In 2020, smoke from California’s record-breaking wildfires was detected in Svalbard, a Norwegian archipelago located deep inside the Arctic Circle. Wildfire smoke moving over the Arctic deposits soot on the snow and ice, darkening the white surface, which allows it to absorb more heat.

Persons: Nikolaos Evangeliou, Evangeliou, It’s Organizations: CNN, Environmental Research Locations: Canada, Norway, Greenland, Iceland, Europe, Svalbard, Norwegian

[1/2] Denmark's Prime Minister and head of the Social Democrats Mette Frederiksen speaks on the Workers' International Day at Arbejdermuseet (The Workers Museum) in Copenhagen, Denmark, May 1, 2023. "There is great respect in Europe for the work she has done as prime minister and for the person she is in international cooperation," he said. Frederiksen, a career politician who is also head of the Social Democratic Party, became the youngest-ever Danish prime minister in 2019. Many see her as too dominant and hungry for power," former Danish defence and justice minister Hans Engell told Reuters. When former U.S. President Donald Trump in 2019 proposed buying Greenland, a sovereign territory of the Kingdom of Denmark, Frederiksen dismissed the offer as "absurd".

Persons: Mette Frederiksen, Ritzau Scanpix, Emil Nicolai Helms, Frederiksen, Biden, Monday Frederiksen, Joe Biden, Jens Stoltenberg, Jonas Gahr Store, Jacob Kaarsbo, Hans Engell, Donald Trump, Tayyip Erdogan, Viktor Orban, Engell, Jacob Gronholt, Pedersen, Louise Breusch Rasmussen, Sharon Singleton Organizations: Denmark's, Social, Workers, The Workers Museum, REUTERS, NATO, U.S, Atlantic Treaty Organization, Social Democratic Party, Reuters, Hungary's, Thomson Locations: Copenhagen, Denmark, Ukraine, COPENHAGEN, Washington, NATO, Russia, Europe, Nord, Greenland, Kingdom of Denmark

☆ The harness-wearing beluga whale believed to be a Russian spy has popped up in Sweden, puzzling scientists who noted he's traveling 'very quickly away from his natural environment'
▼ + stars: | 2023-05-29 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

A beluga whale wearing a harness that read "Equipment St. Petersburg" appeared in Norway in 2019. Officials said they believed the trained whale was a Russian navy asset that may have escaped. They also said in the Cold War Russia used beluga whales to sniff out mines and torpedoes. The closest beluga whales live farther north, in the Arctic Ocean and the frigid waters north of Norway and around Greenland. Or it could be loneliness, as belugas are a very social species – it could be that he's searching for other beluga whales," Strand said.

☆ A secret Cold War-era deal lets British jets shadow Russian bombers when they fly near a vital Atlantic chokepoint
▼ + stars: | 2023-05-29 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

Since the 1950s, Ireland has allowed British jets to intercept Russian aircraft near Irish airspace. Irish Air Corps PC-9s fly by an Irish navy patrol vessel in August 2006. SaabThe Irish military has a few short-range RBS-70 surface-to-air missiles that can reach 16,000 feet, backed by Giraffe search radars. Mulqueen said that official Irish and British statements suggest British pilots could intercept intruders but not actually shoot at them. Should Sinn Fein take power in the future, it would be responsible for Ireland's security, including its air defense.

☆ Hedge fund says hard landing is 'most likely' and names 3 global stocks to play it
▼ + stars: | 2023-05-16 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

A U.S.-based hedge fund is predicting a hard landing scenario for stock markets despite a steady decline in inflation, with the S & P 500 falling into a bear market. "Livermore views the path forward as the most likely scenario for markets is a hard landing," Neuhauser said in notes to CNBC. The hedge fund manager added that despite this "soft landing" in inflation, "ultimately it's going to lead to a much harder landing with stocks as inflation remains sticky for some time to come." The hedge fund manager identified three global stocks that he believes will perform well if this scenario comes to fruition. Livermore, the hedge fund founded by Neuhauser in 2009, owns shares in Amaroq, along with billionaire investor Louis Bacon.

The discord between Russia and the other Arctic Council members means that an effective response to these changes is far less likely. Recently, it has taken steps to expand cooperation in the Arctic with non-Arctic states. On April 24, Russia and China signed a memorandum establishing cooperation between the countries' coast guards in the Arctic. "We need to safeguard the Arctic Council as the most important international forum for Arctic cooperation and make sure it survives," Norwegian Deputy Foreign Minister Eivind Vad Petersson told Reuters. "I don't see an Arctic Council without Russia in the future," said Larsen, a Greenland lawmaker at the Danish Parliament and the Chair of Arctic Parliamentarians, a body including MPs from across the Arctic countries.

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