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☆ UK manufacturers lift 2023 outlook, boosted by aircraft and electronics
▼ + stars: | 2023-06-18 | by ( David Milliken | ) www.reuters.com time to read: +2 min

LONDON, June 19 (Reuters) - Britain's main manufacturing trade body Make UK revised up its outlook for this year on Monday thanks to strong demand for aircraft and electronics, but said it still expects production to fall over the year as a whole. Make UK said it expected factory output to fall 0.3% this year compared with a 3.3% contraction expected three months earlier, and kept unchanged its forecast for 0.8% growth in 2024. "Manufacturers are seeing a gradually improving picture, but the word 'gradually' is doing a lot of heavy lifting," said James Brougham, senior economist at Make UK. Aerospace had been boosted by a resumption of travel and aircraft orders after the COVID-19 pandemic, while demand for electronics partly reflected businesses' desire to counter labour shortages. Supply-chain pressures remain an issue for medium-sized firms, said Richard Austin, head of manufacturing at accountants BDO, who sponsored the survey of Make UK members.

Persons: James Brougham, Richard Austin, Austin, David Milliken, Jan Harvey Organizations: Make, Manufacturers, Aerospace, BDO, Thomson Locations: Russia, Ukraine, April's

☆ Japan optimism has been fueled by 'game-changing' reforms and Warren Buffett: Here's what you need to know
▼ + stars: | 2023-06-13 | by ( Clement Tan | ) www.cnbc.com time to read: +8 min

The Tokyo Exchange Group recently finalized its market restructuring rules. Warren Buffett's bullish calls on Japanese equities has also helped boost confidence among foreign investors. It could in turn lead to a domino effect among other Japanese companies once the big players start to make changes. Corporate governance is the "third arrow" of the three core tenets of Abenomics — monetary easing and fiscal stimulus are the other two. Buffett's May disclosures helped spur 10 straight weeks of net foreign purchases of Japanese equities.

Persons: Richard A, Brooks, Oliver Lee, Warren Buffett's bullish, —, Yunosuke Ikeda, Nomura's Ikeda, Shinzo Abe, Warren, Berkshire, Asli, Shuntaro Takeuchi, Matthews Asia, Buffett, Berkshire Hathaway, that's, Matthews Asia's Takeuchi, We're, Oliver Lee Eastspring, Eastspring's Lee Organizations: Afp, Getty, Nikkei, Tokyo Stock Exchange, Tokyo Exchange Group, CNBC, Tokyo bourse, Berkshire Hathaway, Kyoto, Investing, Buffett, Foreigners, Japan Ministry of Finance, Kyoto University's Graduate School of Management, Graduate School of Economics, Mitsui & Co, Hitachi Locations: Japan, Tokyo, Singapore, Abenomics, San Francisco

☆ Lessons from the original Industrial Revolution
▼ + stars: | 2023-06-09 | by ( Edward Chancellor | ) www.reuters.com time to read: +7 min

These are brilliantly described by Martin Hutchinson, a former Breakingviews columnist, in his new book “Forging Modernity: Why and How Britain Developed the Industrial Revolution”. In fact, several pioneers of the Industrial Revolution were self-taught. The Industrial Revolution can be viewed as the world’s first successful energy transition. The task of financing the Industrial Revolution fell to banks that were scattered across the country, some 800 in all. We are so accustomed to the economic growth sparked by the Industrial Revolution that we tend to view economic expansion as pretty much inevitable.

Persons: Martin Hutchinson, King Charles I, Charles, Duke, Bridgewater, Hutchinson, Josiah Wedgwood, Trent, Samuel, Richard, Adam Smith, William Pitt the Younger, Lord Liverpool, Smith, ”, “, Adam Smith’s, Peter Thal Larsen, Oliver Taslic Organizations: Reuters, Royal Society, Industrial, Nations, Reuters Graphics Reuters, Government, Dudley, Thomson Locations: Britain, England, British, Manchester, Birmingham, Bridgewater, Mersey, Samuel Whitbread’s, West Indies, Netherlands, United Kingdom

☆ Tornados! Fire! Ice Storms! These Real-Estate Agents Risk Life and Limb for the Sale
▼ + stars: | 2023-06-07 | by ( Robyn A. Friedman | ) www.wsj.com time to read: +3 min

Illustration: A Richard AllenWhat is the worst weather you have ever had to contend with while showing a home? I see wall clouds all the time, but for those not familiar with them, it’s a giant tower of clouds, and it’s very dark and ominous-looking, so it can be scary. My buyer, who claimed to have been some sort of weather watcher, started freaking out, saying things like, “That’s a wall cloud! I wouldn’t say this was the worst weather, but it was definitely the weirdest. The sky was red and black, and all we could see was a small circle of light in the sky.

Persons: Richard Allen, Justin Fox, Max, —, hysterically, Victoria Rong Kennedy Organizations: Cottage, Corcoran Group Locations: Cottage Grove, Minn, New York, N.Y, Manhattan

☆ Three Israeli soldiers and an Egyptian policeman killed in rare border crossing incident
▼ + stars: | 2023-06-04 | by ( Pierre Meilhan Richard Allen Greene Salma Abdelaziz Allegra Goodwin Hadas Gold Amir Tal | Pierre Meilhan | Richard Allen Greene | ) edition.cnn.com time to read: +3 min

Jerusalem/London CNN —Three Israeli soldiers and an Egyptian policeman have been killed in a rare border crossing incident. They say the Egyptian policeman shot two Israeli border guards – and that when Israeli back-up arrived later, a firefight ensued that killed both the policeman and a third Israeli. The first two IDF soldiers killed were discovered dead by their lieutenant when they did not answer their radio, according to the spokesman. An ambulance leaves a military base following a deadly shootout in southern Israel along the Egyptian border on June 3, 2023. Tsafrir Abayov/APIsraeli Defense Minister Yoav Gallant said on Twitter that Israeli and Egyptian defense ministers have agreed to work together to prevent attacks along their shared border following the incident.

Persons: –, Ohad Danan, Izhad Iluz, Lia Ben, Herzi Halevi, Israel, Tsafrir, Yoav Gallant, “, Mohamed Zaki, ” Gallant, Zaki, Gallant “ Organizations: London CNN —, Israel Defense Forces, Islamic, Staff, AP Israeli, Twitter Locations: Jerusalem, London, Egypt, Sinai, Israel

☆ Justice Department wins lawsuit to end JetBlue and American Airlines alliance
▼ + stars: | 2023-05-19 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —American Airlines and JetBlue Airways have to break up their alliance on Northeast US flight routes, a US District Court judge ordered Friday. US District Judge Leo Sorokin ruled in favor of the the Justice Department, giving the Biden administration a victory in its years-long lawsuit against the airlines’ collaboration. The airlines have 30 days to end their partnership, Sorokin ruled – just as the busy summer travel season kicks off. The Justice Department also alleged the two airlines shared revenues earned at these airports, eliminating their incentives to compete with one another. CNN has reached out to American Airlines, JetBlue and the Justice Department for comment.

Jerusalem CNN —Thousands of Israelis waving Star of David flags streamed into the Old City of Jerusalem Thursday, as part of a contentious march taking place at a time of high tensions in the region. Israelis sing and dance with flags by Damascus gate to Jerusalem's Old city as they mark Jerusalem Day. Ronen Zvulun/ReutersThe march marks Jerusalem Day, when Israelis celebrate capturing east Jerusalem from Jordan in the 1967 war. Israelis wave national flags during a march marking Jerusalem Day, just outside Jerusalem's Old City. A number of Palestinian shopkeepers told CNN before the event that they would close their shops in the Old City for fear of attacks by far-right Jewish nationalists.

☆ Russian airlines have received millions of US-made aircraft parts since the invasion of Ukraine
▼ + stars: | 2023-05-17 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

Over $14.4 million worth of US-made aircraft parts illegally entered Russia in 2022. Millions of dollars worth of aircraft parts entered Russia in 2022 despite Western sanctions preventing exports — suggesting the strategy isn't as bulletproof as governments had hoped. The aviation sector was expected to take a big hit as Russian carriers — including Rossiya Airlines, Aeroflot, Ural Airlines, S7 Airlines, Utair Aviation, and Pobeda Airlines — mostly fly Boeing and Airbus planes. With the influx of parts, Russian carriers have been able to better maintain their fleets — a reality that was not initially anticipated by experts, Bloomberg reported. Even so, Russian airlines have scheduled over 10,000 flights between Russia and Central Asia in May, per the NYT.

G-7 leaders are expected to visit Hiroshima’s Peace Memorial Park during their meeting that starts Friday. Photo: richard a. brooks/Agence France-Presse/Getty ImagesNearly 78 years ago, around a Hiroshima bridge not far from where President Biden is scheduled to meet world leaders this week, a 4-year-old boy named Eiji Kishida was walking with his mother. The U.S. atomic bomb dropped by the Enola Gay exploded above them, less than a mile away. An aunt of the boy who was also in Hiroshima that day recounted what she saw when she found Eiji soon afterward. He kept begging for water in a faint voice until his death released him from agony.”

☆ A Century After His Birth, Richard Avedon Is More Relevant Than Ever
▼ + stars: | 2023-05-16 | by ( Ted Loos | Photographs Richard Avedon | ) www.wsj.com time to read: 1 min

In Richard Avedon’s over 60-year career behind the camera, he became the pre-eminent fashion photographer and then one of the most famous photographic portraitist in the world. More than 150 prominent figures have chosen a photograph they admire by Avedon, who died in 2004, for a large exhibition celebrating the centenary of the photographer’s birth. Avedon 100 is open through June 24 at Gagosian Gallery in New York.

☆ Avedon at 100: Celebrities select the famed photographer’s best works
▼ + stars: | 2023-05-15 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +9 min

courtesy Richard Avedon/The Richard Avedon FoundationWhen Hillary Clinton, then a US Senator, arrived for a shoot with Avedon in 2003, she recalled him looking at her and saying, "I've seen this image before." courtesy Richard Avedon/The Richard Avedon FoundationFashion designer Miuccia Prada selected this image of Boyd Fortin, a teenaged rattlesnake skinner from Texas, taken in 1979. courtesy Richard Avedon/The Richard Avedon FoundationFashion designer Calvin Klein selected this infamous campaign image from his label's archives. courtesy Richard Avedon/The Richard Avedon FoundationFilmmaker Sofia Coppola chose this iconic 1958 photograph of model China Machado. courtesy Richard Avedon/The Richard Avedon Foundation“Avedon 100” is on view at Gagosian in New York through June 24.

On Sunday the IDF said Islamic Jihad had launched nearly 1,500 rockets towards Israel between Wednesday and Saturday. A rocket launched from Gaza killed a Palestinian man working in Israel and seriously wounded another, Israel medical authorities said. In a separate incident, clashes also took place on Saturday morning in the occupied West Bank and at least two Palestinian men were killed, Palestinian officials said. The latest flare-up began on Tuesday, with the IDF launching strikes on Islamic Jihad, a Palestinian militant group it accuses of planning attacks against Israel. It is the third conflict in as many years between Israel and Palestinian militants in Gaza, including Hamas, the largest armed group in the enclave, and Islamic Jihad, the second largest.

☆ Israel-Gaza violence: Islamic Jihad targets Jerusalem for the first time in current conflict as it fires barrage of rockets at Israel
▼ + stars: | 2023-05-12 | by ( Elliott Gotkine Ibrahim Dahman Abeer Salman Richard Allen Greene Alex Stambaugh Sana Noor Haq | Elliott Gotkine | Ibrahim Dahman | ) edition.cnn.com time to read: +7 min

The al Quds Brigades of Islamic Jihad said in a statement shortly after the rocket fire: “The launching towards Jerusalem is a message, and everyone should understand its purpose. Talks to bring about a ceasefire between Israel and Islamic Jihad in Gaza are “on ice right now,” a diplomatic source familiar with the negotiations told CNN Friday. One command center was used by senior Islamic Jihad operative Muhammad Abu Al Ata for “the planning and command of terrorist activity against Israel,” the IDF said. The Israel Defense Forces said that IDF fighter jets also struck four military posts belonging to Islamic Jihad. ‘Shield and Arrow’The IDF began unleashing waves of airstrikes on Tuesday on what it says are Islamic Jihad operatives and infrastructure along the strip.

☆ GOP law cut Big Pharma tax rates by 40%, Senate report says
▼ + stars: | 2023-05-11 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +4 min

A Republican law has slashed the average tax rates of big pharmaceutical companies by more than 40% since it was enacted in 2017, Senate Finance Committee Democrats said in a report Thursday. That provision allowed U.S.-based pharmaceutical companies to access lower tax rates on their foreign income, the report said. Pharmaceutical companies report 75% of their taxable income overseas, the report said. The report said the average rate fell to 11.6% in 2019 and 2020, which resulted in billions of dollars in tax savings for pharmaceutical companies. Wyden also obtained similar information about other U.S. pharmaceutical companies, including Abbott Laboratories , Amgen , Bristol Myers Squibb and Merck .

The suspects on Wednesday were traveling to a rocket launch site in the city of Khan Younis, the IDF said. A CNN producer in Gaza reported explosions in Khan Younis, Rafah and northern Gaza. Shortly after, he saw at least six rockets fired from Gaza towards Israel. Smoke billows following renewed Israeli military strikes launched into Gaza on May 10, 2023. Mahmud Hams/AFP/Getty ImagesMedics transport a victim to Shifa Hospital following the deadly Israeli airstrikes launched into Gaza on Tuesday.

☆ Why the Real Star of the New Bradley Cooper Film ‘Maestro’ May Be a House
▼ + stars: | 2023-05-09 | by ( Joanne Kaufman | ) www.nytimes.com time to read: +1 min

After Mr. Bernstein’s death in 1990 (Mrs. Bernstein died in 1978), the three children inherited the property. As when their parents were alive, the compound is a gathering spot for birthdays and holidays, and for fiercely contested rounds of Anagrams. Lately, it has also served as a set for the upcoming film “Maestro,” a portrait of the Bernsteins’ complicated marriage directed by and starring Bradley Cooper. “He wanted an authenticity about how he was evoking our dad and his world,” Ms. Bernstein said of Mr. Cooper. “He was very curious to come up here and visit, and that’s when he decided he wanted to come back and shoot in and around the house.

CNN —Three Islamic Jihad commanders were among at least a dozen people killed in airstrikes by the Israeli Defense Forces (IDF) on Gaza early Tuesday, Palestinian officials said. Palestinian militant group Islamic Jihad said three of its commanders were killed along with their wives and children. The militant group said commanders were Jihad Shaker Al-Ghannam, secretary of the Military Council in the al Quds Brigades; Khalil Salah al Bahtini, commander of the Northern Region in the al Quds Brigades; and Tariq Muhammad Ezzedine, one of the leaders of the military wing of the al Quds Brigades in the West Bank. The Islamic Jihad statement did not say how many other people had been killed. Israel Defense Forces spokesman Lt. Col. Richard Hecht said the strikes were targeted: “Our focus is Islamic Jihad only.”This is a developing story.

☆ Chinese postpartum confinement, called ‘zuo yue zi,’ is gaining Western appeal
▼ + stars: | 2023-05-07 | by ( Mayumi Maruyama | ) edition.cnn.com time to read: +7 min

Hong Kong CNN —You cannot carry heavy things. Chan is a “pui yuet,” also called a confinement nanny, who lives with families after a baby is born. Richard, a content creator from Canada, traveled to Hong Kong to become a model and fell in love with her husband, Tom, there. During that time, the pui yuet makes dishes catering to the mother’s physical needs and helps her with milk production and other concerns. Few entities track the pricing of nannies in Hong Kong on a consistent basis because most negotiations are directly between clients and the nannies.

☆ Netanyahu tells CNN Israel will remain a ‘robust democracy’ despite judiciary plans
▼ + stars: | 2023-04-30 | by ( Richard Allen Greene | ) edition.cnn.com time to read: +3 min

Jerusalem CNN —Israeli Prime Minister Benjamin Netanyahu told CNN Sunday his country would remain a “robust democracy” despite controversial plans to overhaul the country’s judicial system. With the Israeli parliament starting its summer session on Sunday the proposals could be back in play. “Israel has been thrown off balance,” Netanyahu argued, as he often does when defending the judicial overhaul program. “The onus is on all of us” – Israel, the United States and our Arab neighbors – “to stop Iran from becoming a military nuclear power,” he said. Netanyahu also rejected Zakaria’s suggestion that the flare-up of violence between Israel and the Palestinians could torpedo Israel’s warming relations with its Arab neighbors.

☆ 10 Things in Tech: Amazon Slack, industry extinction, and top EVs
▼ + stars: | 2023-04-28 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Community: Inside Amazon's little-known Slack channel. And that's playing out inside an internal slack channel called #focus-and-pivot-info for employees put on performance improvement plans — also known as PIPs. Go behind-the-scenes of Amazon's little-known Slack channel here. Right as tech companies shrink their headcounts, AI is gaining popularity in the workplace, writes Insider's editor in chief for business, Matt Turner. Thousands of anonymous tech employees fretted over the future of tech compensation.

☆ Adjoa Andoh reimagines Richard III's 'otherness' in new version of play
▼ + stars: | 2023-04-26 | by ( Marie-Louise Gumuchian | ) www.reuters.com time to read: +2 min

[1/4] Actor and Director Adjoa Andoh performs on stage in the play "Richard III" in Liverpool, Britain in this handout picture taken in April, 2023. Manuel Harlan/Handout via REUTERSLONDON, April 26 (Reuters) - When actor Adjoa Andoh read William Shakespeare's "Richard III" as a child, she was struck by how he was treated. "As a child growing up in the Cotswolds in the 1960s, it was something I resonated with." Decades later, Andoh is starring in the lead role and directing her iteration of the play, set in the Cotswolds and in which Richard's "otherness" is race rather than disability. She emphasised she was not changing the language or the text of the play or playing Richard as a woman, but "doing it in this frame and through this lens".

☆ Fires are starting on US warships in port more often than reported, watchdog finds, and it's giving the Navy a 'false sense of security'
▼ + stars: | 2023-04-24 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +5 min

Fires are breaking out on Navy ships in port more often than they are reported, a government watchdog found. The GAO flagged multiple problems with the reporting system, as well as how lessons are learned from fires. It said the incomplete picture has "given the Navy a false sense of security." Fires when a ship is in port, particularly when it is undergoing repairs and maintenance, are not uncommon. "As a result," the GAO assessed, "the Navy has lost lessons learned over time—such as steps that a ship can take to improve fire safety."

☆ What happens to buybuy BABY with Bed Bath & Beyond planning to go out of business
▼ + stars: | 2023-04-23 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

CNN —America’s leading specialty baby products retailer will shutter its 120 stores, a consequence of parent company Bed Bath & Beyond’s bankruptcy filing on Sunday. “The buybuy BABY business is the one part of the operation that will probably attract interest from buyers,” Saunders said. Bed Bath & Beyond placed some hope in buybuy BABY while it struggled to survive. He joined Bed Bath & Beyond in 2019 from Target, where he was in charge of expanding its private label brands. In its bankruptcy filing, Bed Bath & Beyond said it had $5.2 billion in debt and assets of just $4.4 billion.

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☆ Freeport-McMoRan signals more pain from labor shortages as profit slumps
▼ + stars: | 2023-04-21 | by ( Ankit Kumar | ) www.reuters.com time to read: +2 min

April 21 (Reuters) - Freeport-McMoRan Inc's first-quarter profit more than halved as the copper miner struggled with an industry-wide talent crunch and warned that tight labor market conditions would persist in the U.S. through the year. Its shares fell 5.6% to $39 on Friday after the company also cautioned that protests in Peru remain an "ongoing risk". Copper production in the quarter fell to 965 million pounds from 1.01 billion pounds a year earlier. Demand will remain robust due to China's accelerating economic recovery and the ongoing green energy transition, CEO Richard Adkerson said. On an adjusted basis, Freeport earned 52 cents per share, compared with estimate of 45 cents, according to Refinitiv data.

☆ Freeport-McMoRan CEO on earnings, the copper market, and clean energy transition
▼ + stars: | 2023-04-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFreeport-McMoRan CEO on earnings, the copper market, and clean energy transitionRichard Adkerson, Freeport-McMoran CEO, joins 'Closing Bell: Overtime' to discuss the state of the copper market and the company.

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