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Monday, August 07, 2023

August 7, 2023 - Niger closes airspace as deadline to reinstate president passes

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TradeBriefs Editorial

From the Editor's Desk

Wildfires: The changing face of the Mediterranean landscape

The contrast is stark – where vast swathes of land were once rich with life, they are blackened and smouldering ruins, decimated by fire. In just 12 days, 135,000 hectares (521sq miles) of land were left burnt in southern Europe after fires broke out in mid-July. Italy and Greece were worst hit, including the islands of Rhodes, Corfu and Sicily.

Wildfires, supercharged by strong winds and a heatwave with temperatures exceeding 40C (104F), have left the land scorched, at least 40 people dead and thousands more forced to flee. On the opposite side of the Mediterranean huge wildfires in Algeria and Tunisia have claimed dozens of lives and led to widespread evacuations.



Continued here


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Niger closes airspace as deadline to reinstate president passes
Niger closes airspace as deadline to reinstate president passes
Any military intervention could be complicated by a promise from juntas in neighbouring Mali and Burkina Faso to come to Niger’s defence if needed, saying any military intervention against the new military rulers in Niger would be regarded as a “declaration of war”. France announced on Sunday that it was suspending development aid and budgetary assistance to Burkina Faso.

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Shares of China's second largest chip foundry Hua Hong jump 13% in Shanghai debut    
Shares of China's second largest chip foundry Hua Hong jump 13% in Shanghai debut
China has poured more than 1 trillion Chinese yuan ($140 billion) into its chip industry, according to a Reuters report. Domestic chip makers already benefit from government subsidies and state-backed research projects.






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Mehdi Hasan Shows How ‘Shameless’ Eric Trump ‘Humiliates Himself’ For Dad    
Mehdi Hasan Shows How ‘Shameless’ Eric Trump ‘Humiliates Himself’ For Dad
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Musk Says His Cage Fight With Zuckerberg Will Be Streamed On X    
Musk Says His Cage Fight With Zuckerberg Will Be Streamed On X
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A market slaughtering dogs was a top tourist attraction. Then a video was leaked    
A market slaughtering dogs was a top tourist attraction. Then a video was leaked
The post states: \"Well the next trip was going to be to Sulawesi, Indonesia ... I don\'t care what you eat, but torture should not be a part of it. Therefore I cannot in good conscience travel there.\"


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Trump Flips Out In Hellishly Bizarre New Social Media Meltdown: 'I Wasn't Scared'
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Over $1 trillion needed for developing nations' climate transition, says ex-World Bank official    
Over $1 trillion needed for developing nations' climate transition, says ex-World Bank official
\"What South Africa and Indonesia have done more recently on this particular issue is say: \'That\'s fine and well, you want us to get out early\' — but who\'s going to fund the cost of getting out early?\" she asked.




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Opinion | For Scotland, Leaving Will Always Be an Option    
Opinion | For Scotland, Leaving Will Always Be an Option
The Times is committed to publishing a diversity of letters to the editor. We’d like to hear what you think about this or any of our articles. Here are some tips. And here’s our email: letters@nytimes.com.


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Rise in preventable child deaths in Victorian hospitals prompts formation of new service    
Rise in preventable child deaths in Victorian hospitals prompts formation of new service
Safer Care for Kids will be implemented in partnership with families who have lived experience of sentinel events involving children and in close consultation with health services across Victoria.




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Trucking Firm That Got $700 Million U.S. Bailout Declares Bankruptcy    
Trucking Firm That Got $700 Million U.S. Bailout Declares Bankruptcy
Alan Rappeport is an economic policy reporter, based in Washington. He covers the Treasury Department and writes about taxes, trade and fiscal matters. He previously worked for The Financial Times and The Economist. More about Alan Rappeport


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Siemens Energy CEO on $2.4 billion wind turbine hit: We were 'going too fast' with new products    
Siemens Energy CEO on $2.4 billion wind turbine hit: We were 'going too fast' with new products
Siemens Energy plans to shift its focus to fewer product platforms and target certain regions for development, Bruch said, adding that a detailed strategy will be laid out at the company\'s capital markets day in November.




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Vietnam's EV ownership will see 'strong growth' in 2023, says new report    
Vietnam's EV ownership will see 'strong growth' in 2023, says new report
Taiwanese electronics giant Foxconn said it will invest $250 million, partly to build an EV charging equipment and component production plant in Vietnam, according to Taiwanese media.


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Body of Melbourne woman Maryam Hamka believed to have been found in bushland    
Body of Melbourne woman Maryam Hamka believed to have been found in bushland
“The investigation has been an arduous and long one over the last couple of years and the efforts of the missing person squad has resulted in the finding of the remains earlier today,” Det Insp David Dunstan told reporters on Monday.




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Paramount Nears Announcement for Simon & Schuster Deal    
Paramount Nears Announcement for Simon & Schuster Deal
Since the previous deal crumbled, Simon & Schuster has continued to perform well. In the first quarter of 2023, its sales rose to $258 million, an increase of 19 percent over the prior year. Results at other major publishers, by contrast, were disappointing during that period.


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HSBC executive sorry for saying UK 'weak' over China    
HSBC executive sorry for saying UK 'weak' over China
According to Bloomberg, Sir Sherard told the meeting that one example of the UK caving into US demands was when Britain banned Chinese telecoms giant Huawei from taking part in building the country\'s 5G mobile phone networks in 2020.




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California Authorities Capture Suspects In Lake Tahoe Break-ins: Mama Bear And Cubs    
California Authorities Capture Suspects In Lake Tahoe Break-ins: Mama Bear And Cubs
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War, Mediation or Silence? Deadline for Coup Leaders in Niger Passes.    
War, Mediation or Silence? Deadline for Coup Leaders in Niger Passes.
“There’s no need for a war. This would bring more destruction,” he said. Referring to Niger and Nigeria, General Musa added, “Culturally, religiously, we’re almost like the same. It would be like fighting your brother.”


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English and Welsh football fans could be banned for mocking disasters    
English and Welsh football fans could be banned for mocking disasters
“How dare these people get away with saying disgusting things about those who died at Hillsborough,” she said. “You then have the survivors who are still traumatised by what happened, so seeing all this stuff online is a real danger to their mental wellbeing.”


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Oil prices surge to 4-month highs after Saudi, Russia output cuts    
Oil prices surge to 4-month highs after Saudi, Russia output cuts
Morse, global head of commodity research at the bank, says Saudi Arabia and Russian output is \"likely to come back\" in October, and that oil prices will hit $90 per barrel at most this quarter.


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How — and when — Ukraine's war with Russia could end    
How — and when — Ukraine's war with Russia could end
\"In an era where China is watching closely whether the West has the stomach to stand up for its interests. And in that strategic context, everyone thinks this will have to be played out to the bitter end. In other words, we\'ve got to keep standing behind Ukraine ... [but] there is a price to pay.\"


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Trucking firm Yellow files for bankruptcy protection after loading up on debt    
Trucking firm Yellow files for bankruptcy protection after loading up on debt
U.S. taxpayers face potential losses if the company does not repay a $700 million-loan the administration of former President Donald Trump issued to bail out the long-troubled and poorly managed trucking firm in 2020 under a pandemic relief program.


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Oil giant Saudi Aramco posts 38% drop in second-quarter profit as lower prices bite    
Oil giant Saudi Aramco posts 38% drop in second-quarter profit as lower prices bite
Oil prices are expected to increase through the third and fourth quarters. Top forecaster Goldman Sachs expects Brent prices to top $86 a barrel by December and $93 per barrel by next year, as strong demand and OPEC+ supply deficits tighten markets.  


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Ex-Watergate Prosecutor Spots ‘Extremely Bad Omen’ For Donald Trump Legal Team    
Ex-Watergate Prosecutor Spots ‘Extremely Bad Omen’ For Donald Trump Legal Team
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Sofronoff report: ACT inquiry makes serious misconduct findings against former DPP Shane Drumgold    
Sofronoff report: ACT inquiry makes serious misconduct findings against former DPP Shane Drumgold
On Monday ACT supreme court chief justice Lucy McCallum, who presided over the Lehrmann trial, issued a statement that while public scrutiny is “welcome and necessary … a point can be reached where the personal toll on the practitioners concerned becomes oppressive and unfair”.


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Russia-Ukraine war at a glance: what we know on day 530 of the invasion    
Russia-Ukraine war at a glance: what we know on day 530 of the invasion
A weekend conference in Saudi Arabia of senior officials from some 40 countries including the US, China and India – part of a diplomatic push by Ukraine to build support beyond its core Western backers – ended with no concrete action beyond a commitment to further consultations. Zelenskiy’s chief of staff, Andriy Yermak, said the discussions had been very productive, but did not give details.


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Japan to start Fukushima water release within weeks - report    
Japan to start Fukushima water release within weeks - report
China denounced the plan as "extremely irresponsible" when it was announced in 2021. Hong Kong has threatened to ban food imports from 10 Japanese prefectures if the water release goes ahead as planned.


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Russia-Ukraine war live: US and German air defence systems producing 'significant results', Zelenskiy says    
Russia-Ukraine war live: US and German air defence systems producing 'significant results', Zelenskiy says
A weekend conference in Saudi Arabia of senior officials from some 40 countries including the US, China and India - part of a diplomatic push by Ukraine to build support beyond its core Western backers - ended with no concrete action beyond a commitment to further consultations. Zelenskiy's chief of staff, Andriy Yermak, said the discussions had been very productive, but did not give details.


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Former BHP worker jailed for more than five years for raping colleague at mining camp    
Former BHP worker jailed for more than five years for raping colleague at mining camp
Outside court after Zabaznow’s sentencing on Monday, the woman said she was proud her story sparked a parliamentary inquiry into sexual assault and harassment within the WA fly-in fly-out industry.


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How U.S. microchips are fueling Russia's military — despite sanctions    
How U.S. microchips are fueling Russia's military — despite sanctions
\"[The sanctions] may work against, let\'s say, Armenia or Georgia, which are not big trade partners for European Union or for the United States. But in when it comes, for instance, to China or to Turkey, that\'s a very unlikely scenario,\" the Economic Security Council of Ukraine\'s Yurchenko said.


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Organisers to clear South Korean Scout jamboree site early as typhoon looms    
Organisers to clear South Korean Scout jamboree site early as typhoon looms
Conditions on the ground had been improving before Monday’s statement by the WOSM. The South Korean ministry of gender equality, which is in charge of the event, cited a recent survey that found only 4% of participants were extremely dissatisfied with their experiences so far.


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China floods: at least 14 killed after torrential rain in north-east    
China floods: at least 14 killed after torrential rain in north-east
Nantou county, Miaoli county and Taichung city in Taiwan sustained the most damage, according to the ministry of agriculture. More than 100 people were reportedly still stranded in Nantou as of Sunday evening, after heavy rains caused landslides and destroyed roads.


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'Barbie' to top $1 billion at the global box office Sunday    
'Barbie' to top $1 billion at the global box office Sunday
CORRECTION: This article has been updated to show that, on the animation side, Jennifer Lee has two billion-dollar features under her belt, having co-directed \"Frozen\" and \"Frozen II\" with Chris Buck for Disney.


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China or India? How to Invest in the Coming Asia Boom    
China or India? How to Invest in the Coming Asia Boom
We own no mainland Chinese companies. The geopolitical tensions between China and not just the US, but also Japan, South Korea and Europe, are likely to increase in the coming years. We don’t favor the domestic situation with the government taking a greater influence over the likes of Tencent and Alibaba.


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Suspended NASCAR Driver Says He 'Messed Up' Following George Floyd Meme Like    
Suspended NASCAR Driver Says He 'Messed Up' Following George Floyd Meme Like
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London pulls away from rest of Britain in competitiveness index    
London pulls away from rest of Britain in competitiveness index
Wolverhampton’s improvement was probably due to the potential benefit from the HS2 railway line, the authors said, while Worcester had become more attractive to skilled workers after the pandemic because of its proximity to rural areas.


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'His last day was a joyful one': mother of Angus Cloud says death not intentional    
'His last day was a joyful one': mother of Angus Cloud says death not intentional
The actor had "intensely struggled with the loss" of Hickey, whose family held a funeral for him in his native Ireland in July. In one of his last social media posts, Angus Cloud shared a photo of Hickey on Instagram with the caption: "miss u breh".


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Chinese soldiers pledge to sacrifice their lives in documentary on Taiwan invasion    
Chinese soldiers pledge to sacrifice their lives in documentary on Taiwan invasion
The PLA has repeatedly dispatched Shandong to the Taiwan Strait over the past few months as a threat to Taiwan. PLA jets have also crossed the strait’s median line – an informal demarcation zone between China and Taiwan – relatively often over the past couple of years, especially in reaction to exchanges between Taiwan and the US that have angered Beijing.


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Goldman Sachs Says Now Could Be the Best Time to Buy These 2 Stocks — Here’s Why They’re on the Conviction List    
Goldman Sachs Says Now Could Be the Best Time to Buy These 2 Stocks — Here’s Why They’re on the Conviction List
Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.




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