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The pessimistic outlook for exports suggests that Chinese exporters have caught up on unfulfilled orders after last year's COVID-19 disruptions and global demand is insufficient to sustain a recovery in outbound shipments. The official PMI sub indexes for May showed factory output swung to contraction from expansion while new orders, including new exports, fell for a second month. South Korean shipments to China, a leading indicator of China's imports, slid 20.8% in May, marking the 12th straight annual loss, but the pace eased to the slowest seen in seven months. China's economy grew faster than expected in the first quarter due to robust services consumption, but factory output has continued to lag amid persistent weak global growth. Polling by Devayani Sathyan and Sujith Pai; Reporting by Joe Cash; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.
Persons: Devayani Sathyan, Sujith Pai, Joe Cash, Jacqueline Wong Organizations: PMI, Nomura, Barclays, Thomson Locations: BEIJING, Shanghai, China
CNN —Whether children were breastfed as infants and for how long may have an impact on their test scores when they are adolescents, according to new research. What the study team found was that there was a modest improvement in test scores associated with being breastfed longer, Pereyra-Elías said. Consequently, the results only show a correlation between breastfeeding and test scores — not causation. The researchers tried to control for many factors that might influence their results, like the mother’s cognitive ability, but they couldn’t account for everything in an observational study, Pereyra-Elías said. The difference this study showed was modest, Pereyra-Elías added, meaning that it does not make a big enough difference on the test scores that it should cause parents worry, Pereyra-Elías said.
Persons: Reneé, Elías, Kevin McConway, McConway, ” McConway, It’s, , , Andrew Whitelaw, Whitelaw Organizations: CNN, Disease, University of Oxford, Open University, University of Bristol Locations: England, United Kingdom
The rats' body temperatures also dropped, though to a lesser level, up to 3.57 F (2 C). If they were able to crack the science of suspended animation, it could make space travel safer and cheaper, especially for long-haul flights like the 16-month-long round trip to Mars. A single astronaut eats about 30 kilograms (66 pounds) of food and water a week, but their consumption could drop by 75% in suspended animation, per the BBC. One avenue to induce suspended animation is to cool the body down dramatically. Nevertheless, most of the research into long-ranging suspended animation is still only being done on animals, and we're likely still a long way away from testing it on humans.
Persons: , Hong Chen, Chen, Yang, Yuan, Nat Metab, John Bradford, Spaceworks, Kaisa, Vyazovskiy Organizations: Service, Privacy, NASA, European Space Agency, ESA, Washington University, BBC, Astronauts, SpaceWorks Enterprises, CNET, University of Oxford Locations: et, Mars, torpor
Goldman Sachs' COO, John Waldron, gave a speech on Thursday touting the firm's growth opportunities. The shoutout comes as Goldman Sachs joins its Wall Street peers by seeking to boost its wealth business that caters to the rich. Waldron on Thursday admitted that Goldman has "underinvested" in the private wealth business. Goldman's wealth business Goldman Sachs has about 1,000 advisors overseeing $1 trillion for its ultra-high net worth clients with at least $10 million to invest. The unit works closely with moneyed entrepreneurs, prime targets for Goldman's private wealth business.
Persons: Goldman, John Waldron, Nishi Somaiya, Goldman Sachs, David Solomon's, Nishi, We've, Waldron, Somaiya, Marc Nachmann Organizations: Oxford, Private, Silicon Valley Bank, UBS's, Credit Suisse, Bloomberg, University of Oxford, Royal Ballet School Locations: Silicon, Europe, Americas, SVB
In March, a team of mathematical tilers announced their solution to a storied problem: They had discovered an elusive “einstein” — a single shape that tiles a plane, or an infinite two-dimensional flat surface, but only in a nonrepeating pattern. “I’ve always wanted to make a discovery,” David Smith, the shape hobbyist whose original find spurred the research, said at the time. The researchers might have been satisfied with the discovery and the hullabaloo, and left well enough alone. But Mr. Smith, of Bridlington in East Yorkshire, England, and known as an “imaginative tinkerer,” could not stop tinkering. Now, two months later, the team has one-upped itself with a new-and-improved einstein.
Persons: einstein, I’ve, ” David Smith, Smith, einstein ”, stein, Jimmy Kimmel, , , Marjorie Senechal Organizations: University of Oxford, Smith College Locations: Bridlington, East Yorkshire, England
But rival European battery groups are still scarce, and global carmakers have more to gain than lose. Chinese battery suppliers like Contemporary Amperex Technology (CATL), SVOLT, Envision, and most recently EVE Energy (300014.SZ), are shaking up Europe’s e-mobility supply chains. At 4.5 billion euros, investments in projects to build new plants in Europe overtook spending on mergers and acquisitions. European battery makers will struggle to compete. Given the chance, Chinese battery makers can power up Europe’s own supply chains, and its auto companies too.
Persons: CATL, It’s, Bernstein, Emmanuel Macron, Tesla, Elon, Lisa Jucca, Thomas Shum Organizations: Reuters, Volkswagen, BMW, Volvo, Technology, EVE Energy, Shanghai Putailai, Energy Technology, Mineral Intelligence, Companies, Wall Street, LG, Samsung SDI, Union, Commission, EU, United, Mercedes, Benz, Elon Musk’s, Mercator Institute for China Studies, Thomson Locations: HONG KONG, China, People’s Republic, Europe, Shanghai, People’s, Sweden, United States, EU, Hungary, Spain
Yue’s alleged transgression: “uglifying” and “insulting” China’s military, the People’s Liberation Army (PLA). Under Xi, China passed a law in 2018 to ban the slander of national “heroes and martyrs,” a crime punishable by up to three years in prison. To outsiders, it may appear puzzling that China’s military, the largest and one of the most powerful in the world, would be so easily offended by a seemingly tame joke. Xi has staked his legitimacy on returning China to its former greatness, and a strong and powerful military plays a key role in driving that nationalist agenda. He has also ramped up China’s military posturing, sending fighter jets and warships to the Taiwan Strait and around the disputed islands with Japan.
New research into Ancient Mesopotamia suggests people kissed romantically 4,500 years ago. Ancient Mesopotamia is considered to be roughly the land that is now modern-day Iraq and Syria. It was previously believed the earliest evidence of romantic-sexual lip kissing in humans originated in South Asia 3,500 years ago. The new research challenges these theories and suggests kissing was common across many different regions and cultures, starting much earlier. While the exact origins of romantic kissing remain uncertain, the study said, there is some possible evidence that it may have occurred even before the advent of writing.
Tesla is proposing to manufacture and sell vehicles in the country, Reuters reported on Wednesday, citing a source. Import duties of as much as 100% made it difficult to gauge demand, so Tesla lobbied to reduce tariffs, rather than producing locally. Committing to a factory could work for Musk too, though justifying a Tesla-sized facility calls for fast and furious sales. When Tesla set up a Gigafactory in China in 2019, its sheer scale meant supply chains sprang up to serve it. Senior Tesla executives are in India this week to meet the government to discuss local sourcing of parts and other issues, Reuters reported on May 16.
BEIJING, May 18 (Reuters) - China needs to level the playing field between private and state owned firms, the Asian Development Bank's chief economist said on Thursday, adding that the world's second-largest economy risks "wasting a tonne of money" with a state-led growth model. The Manila-based lender "consistently" raises with China the importance of improving the business environment and the sustainability of the country's development, he said, while noting that a one percentage increase in growth in China can increase growth in developing Asia by 0.3%. The comments come amid growing signs that China's post-COVID economic recovery is losing steam, intensifying pressure on policymakers to shore up wobbly growth. Private fixed-asset investment rose only 0.4% last month, in sharp contrast to the 9.4% jump in investment by state entities, indicating weak business confidence. "If you look at the history of China's economic development, a lot of the gains in growth, productivity, and employment have come from the non-state sector," he added.
The University of Oxford has cut ties with the Sackler family, whose wealth derives from opioid drugs, removing their name form a number of positions and buildings, including two galleries in the Ashmolean Museum. Britain's University of Oxford cut ties with key benefactor the Sackler family, whose wealth derives from addictive opioid drugs and stand accused of helping fuel a U.S. epidemic. The university said that the move, which was approved by its governing council Monday, had also received the "full support" of the Sackler family. "Oxford University has undertaken a review of its relationship with the Sackler family and their trusts, including the way their benefactions to the University are recognized," the university said in a statement. "Following this review, the University has decided that the University buildings, spaces and staff positions using the Sackler name will no longer do so," it said.
INVESTMENT HELPSThe company based in Hove on Britain's south coast was one of 61 firms - most with 25 or fewer employees - to take part in the world's biggest four-day week trial last year. The experience of some companies in the first trial suggests that moving to a four-day week might help, if it prompts firms to spend more on equipment and training. It piloted a four-day week for its 80 New Zealand staff over 18 months, and has since extended it to 500 workers in Australia, a move it hopes will attract new talent. British recruitment agency Reed.co.uk said it had seen a rise in the number of job advertisements offering a four-day week since the start of the year. Allcap, a supplier of industrial components with 36 employees in western England, tried a four-day week after its staff had worked flat out during the pandemic to supply protective equipment and ventilator parts.
[1/4] Chinese Premier Li Qiang and Eritrean President Isaias Afwerki shake hands as they attend a meeting at the Great Hall of the People in Beijing, China May 15, 2023. REUTERS/Florence Lo/PoolBEIJING, May 15 (Reuters) - China's Premier Li Qiang told visiting Eritrean President Isaias Afwerki on Monday their countries should "deepen mutually beneficial win-win cooperation and continuously enrich their strategic partnership" at a meeting in Beijing. Eritrea also shares a border with Djibouti, where China's People's Liberation Army set up its first overseas military base in 2017. The "marginalised continent of Africa and the rest of the world will heavily defend and expect more contributions from the People's Republic of China," Afwerki said. Reporting by Joe Cash; Editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.
Economists in a Reuters poll had predicted no growth in imports and an 8.0% increase in exports. Other recent data also showed South Korean exports to China, a leading indicator of China's imports, were down 26.5% in April, continuing 10 consecutive months of decline. China's coal imports fell in April from a 15-month high in the prior month, snapping back as demand weakens in Asian giant. Imports of copper - a proxy for global growth - and natural gas were also down in the same period. "The global economy is deteriorating and will weaken China's manufacturing sector," said Iris Pang, chief China economist at ING.
BEIJING, May 9 (Reuters) - China's imports contracted sharply in April, while exports grew at a slower pace, reinforcing signs of feeble domestic demand despite the lifting of COVID curbs and heaping pressure on an economy already struggling in the face of cooling global growth. Economists in a Reuters poll had predicted no growth in imports and an 8.0% increase in exports. Analysts say cooling global growth pointed to a longer road to recovery for the Asian giant after Beijing abruptly ended tough COVID curbs in December. South Korean exports to China, a leading indicator of China's imports, were down 26.5% in April, continuing 10 consecutive months of decline. China's economy grew faster than expected in the first quarter thanks to robust services consumption, but factory output has lagged amid weak global growth.
[1/2] Pakistan security forces guard a vehicle carrying former Prime Minister Imran Khan after his arrest at a court in Islamabad, Pakistan, May 9, 2023. REUTERS/StringerMay 9 (Reuters) - Former Pakistan Prime Minister Imran Khan, a cricketing hero-turned-politician who was arrested on Tuesday, whipped up popular support amid decades-high inflation and a crippling economic slowdown before his ouster last year. Khan had for months averted arrest in a number of cases registered against him that include charges of instigating crowds to violence. His rise to power in 2018 came over two decades after he first launched his political party, the Pakistan Tehreek-i-Insaf (PTI), or Pakistan Movement for Justice party, in 1996. Once in power, Khan embarked on his plan of building a "welfare" state modelled on what he said was an ideal system dating back to the Islamic world some 14 centuries earlier.
BEIJING, May 8 (Reuters) - China's exports were expected to have risen again in April, albeit at a less robust pace than a month earlier, a Reuters poll showed, supported by unfulfilled orders after last year's COVID disruptions though slowing global growth is darkening the outlook. With many of China's major trade partners on the brink of recession, analysts remain wary about the outlook, noting that the stunning improvement in March partly reflects suppliers catching up with unfulfilled orders from last year's COVID disruptions. South Korean exports to China, a leading indicator of China's imports, were down 26.5% in April, continuing 10 consecutive months of decline. China's economy grew faster than expected in the first quarter thanks to robust services consumption, but factory output has lagged amid weak global growth. The government has set a modest GDP growth target of around 5% for this year, after badly missing the 2022 goal.
They said they expected at least 1,000 people to turn up for Saturday’s protest, wearing yellow, holding banners and chanting, “Not my king.” Several anti-coronation parties are also planned around the country, with members eager to use the crowning of King Charles as evidence of the absurdity of having a monarchy in this day and age. “They will put a glittery golden crown on his head in a Christian church,” said Matt Turnbull, a 35-year-old Republic member who lives in London and planned to attend the protest, in an interview. “Look at it, and just accept that something about this feels weird in 2023.”Mr. Turnbull said that he expected the coronation to make his stomach turn, but that it also felt good that he would not be alone in having such a feeling. “The worse it makes me feel to watch it,” he said, “the more quickly we will move to abolish it.”That Charles appears to be less popular than Elizabeth, his mother, is also rising the hopes of anti-monarchists. Riz Possnett, 19, a University of Oxford student who uses they/them pronouns, said that the monarchy and its colonial legacy were an outdated symbol for modern, multicultural Britain.
Ocean census aims to discover 100,000 marine species
  + stars: | 2023-04-27 | by ( Katie Hunt | ) edition.cnn.com   time to read: +3 min
CNN —Researchers have embarked on an ambitious global initiative to discover and record marine life hidden in the world’s oceans. Ocean Census aims to identify 100,000 unknown species in the next 10 years, allowing scientists to better understand and protect the deep-sea ecosystem. The initiative builds on past projects such as the Census of Marine Life, which concluded in 2010 and identified 6,000 potential new ocean species. Ocean Census will also help to identify how marine ecosystems are responding to the climate crisis, and assess how marine life could adapt to a warmer climate. The project is being led by Nekton, a UK-based marine science and conservation institute, and funded by The Nippon Foundation, a nonprofit foundation based in Japan.
HONG KONG, April 26 (Reuters Breakingviews) - If Japan is the next Macau, $16 billion MGM Resorts International (MGM.N) may be the only winner left at the table. After years of debate and delays, Japan has finally given approval for a resort in Osaka. But as diversifying from China becomes a popular mantra, this big bet looks smarter than it once did. The 1.08 trillion yen ($8.1 billion) resort is set to open in 2029. U.S. casino operator MGM Resorts International and local partner Orix will each own a 40% stake in the company set up to manage the complex.
And while electric cars get all the hype, a game-changing solution to getting around without warming the planet has flourished right under our noses. Electric cars are important, too, but they're expensive and far off for a lot of drivers, MacArthur said. The most popular electric vehicles in the US don't have a Tesla logoWhile electric cars get all the attention, e-bikes have for years been the best-selling electric vehicles in the US. Last year, Americans bought just over 800,000 electric cars, according to Kelley Blue Book, a record. Since e-bikes are much cheaper than electric cars, "you can get them into the hands of consumers faster," she said.
The University of Oxford Jenner Institute, which developed the vaccine, estimates that malaria kills around 800,000 people per annum. These casualties occur predominantly in sub-Saharan Africa, where one in five childhood deaths is associated with the disease. The WHO assessed that 241 million clinical cases of malaria occurred in 2020, resulting in 627,000 deaths, mostly among children in Africa. A health worker vaccinates a child against malaria in Ndhiwa, Homabay County, western Kenya on September 13, 2019 during the launch of malaria vaccine in Kenya. Brian Ongoro | AFP | Getty ImagesIn 2021, the WHO signed off on GSK's RTS,S malaria vaccine for rollout across sub-Saharan Africa, following pilot programs in Ghana, Kenya and Malawi, which tracked 800,000 children since 2019.
The creepy secret behind online therapy
  + stars: | 2023-04-20 | by ( Tanmoy Goswami | ) www.businessinsider.com   time to read: +16 min
Crisis Text Line, now in its 10th year of operations, uses artificial intelligence to respond to people experiencing emotional abuse, self-harm, and suicidal thoughts. 'The vast majority of mental-health apps are exceptionally creepy'BetterHelp, a poster child of online therapy founded in 2013, calls itself "the world's largest therapy platform" and says it has over 2 million users. One of the first popular mental-health apps, PTSD Coach, was launched by the US Department of Veteran Affairs in 2011. But for mental-health companies these practices can undermine the very foundations of mental-health care: dignity, trust, and psychological safety. As Crisis Text Line wrote on its website extolling its deal with Loris: "Why sell T-shirts when you can sell what your organization does best?"
HONG KONG, April 14 (Reuters Breakingviews) - Macau, once the world’s largest gambling hub, is far from a sure bet. For MGM China (2282.HK) and Sands China (1928.HK), the highest is two-thirds more than the lowest, for example. Uncertainty is compounded by onerous obligations companies have to help Macau reduce its dependence on gaming. Take $16 billion MGM Resorts International (MGM.N), whose Japanese resort received a green light on Friday. There’s also $13 billion Wynn Resorts (WYNN.O), which is pushing into the fast-growing United Arab Emirates.
BEIJING, April 12 (Reuters) - China's exports and imports likely extended their declines in March, a Reuters poll showed on Wednesday, as weakening global demand squeezed factory supply chains and order books. Such a result would add to policymakers' concerns about China's fragile economic recovery. Exports have struggled in the months following China's decision to drop its COVID curbs in December, when the world's second-largest economy re-opened. Other Asian exporters such as South Korea and Vietnam have also seen exports decline in the first few months of 2023. Reporting by Joe Cash; Polling by Madhumita Gokhale and Anant Chandak; Editing by Sam HolmesOur Standards: The Thomson Reuters Trust Principles.
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