Monday, July 4

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Argentina Taps Batakis As Economy Minister to Tackle Crisis

Breadcrumb Trail Links PMN Business Argentine President Alberto Fernandez tapped Silvina Batakis as the country's new economy minister Sunday after her predecessor resigned Saturday, deepening a political crisis boiling over into the economy and markets. Author of the article: Bloomberg News Patrick Gillespie Publishing date: Jul 03, 2022 • 16 minutes ago • 1 minute read • Join the conversation Alberto Fernandez Photographer: Sarah Pabst/Bloomberg Photo by Sarah Pabst /Bloomberg Article content (Bloomberg) — Argentine President Alberto Fernandez tapped Silvina Batakis as the country's new economy minister Sunday after her predecessor resigned Saturday, deepening a political crisis boiling over into the economy and markets. Articl...
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Supersized Outflows From Emerging Asian Markets Have Room to Run

Breadcrumb Trail Links PMN Business Some of Asia's biggest stock and bond markets outside China are seeing greater outflows than in previous market crises, and the process may just be getting underway. Author of the article: Bloomberg News Ishika Mookerjee and Marcus Wong Publishing date: Jul 03, 2022 • 12 minutes ago • 3 minutes read • Join the conversation nxtz(54at99adath54edex(6_media_dl_1.png Bloomberg RSS Article content (Bloomberg) — Some of Asia's biggest stock and bond markets outside China are seeing greater outflows than in previous market crises, and the process may just be getting underway. Advertisement 2 This advertisement has not loaded yet, but your article continues below. Article content Gl...
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Australia’s Link Rejects Revised Takeover Bid from Dye & Durham

Breadcrumb Trail Links PMN Business Australian data-services firm Link Administration Holdings Ltd. has rejected a reduced takeover offer from Canada's Dye & Durham Ltd. Author of the article: Bloomberg News Harry Brumpton Publishing date: Jul 03, 2022 • 15 minutes ago • 1 minute read • Join the conversation An elderly man fishes from the beach in Sydney. Australia's do-it-yourself pension plans are unique among developed nations. Bloomberg RSS Article content (Bloomberg) — Australian data-services firm Link Administration Holdings Ltd. has rejected a reduced takeover offer from Canada's Dye & Durham Ltd. Article content The company's board “does not believe it is able to recommend” the A$4.30 ($2.93) per share offer to its sha...
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Has Indonesia shaken its ‘fragile’ status among emerging markets?

Breadcrumb Trail Links PMN Business Author of the article: Reuters Gayatri Suroyo and Stefanno Sulaiman Publishing date: Jul 03, 2022 • 21 minutes ago • 4 minutes read • Join the conversation Article content JAKARTA — A decade ago Indonesia earned the unwelcome label of being among the so-called “Fragile Five” emerging markets, economies highly vulnerable to capital outflows and a currency slump whenever global interest rates rise. But fast forward to a new round of monetary tightening led by the US Federal Reserve, Southeast Asia's biggest economy and its capital markets have shown remarkable resilience, throwing a spotlight on whether the situation has fundamentally changed. Advertisement 2 This advertisement has not loaded yet, ...
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Traders Face Showdown With Kuroda as BOJ Policy Rips Every Asset

Breadcrumb Trail Links PMN Business The yen sinking to even deeper lows. Short sellers driving Japanese bond yields through the central bank's target. Stocks on a rollercoaster ride and credit investors running for the sidelines. Author of the article: Bloomberg News Ruth Carson, Ayai Tomisawa and Hideyuki Sano Publishing date: Jul 03, 2022 • 37 minutes ago • 4 minutes read • Join the conversation t(q]y(k1j5edfc)d6l7jh764_media_dl_1.png Bloomberg RSS Article content (Bloomberg) — The yen sinking to even deeper lows. Short sellers driving Japanese bond yields through the central bank's target. Stocks on a rollercoaster ride and credit investors running for the sidelines. Advertisement 2 This advertisement has not loade...
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Zelenskiy vows to regain Lysychansk after Ukrainian withdrawal

Breadcrumb Trail Links PMN Business Author of the article: Reuters Tom Balmforth and Max Hunder Article content KYIV — Ukraine's President Volodymyr Zelenskiy on Sunday acknowledged Kyiv's forces had withdrawn from Lysychansk in the eastern Donbas region after a grinding Russian assault, but vowed to regain control over the area with the help of long-range Western weapons. Russia said its capture of the city of Lysychansk less than a week after taking neighboring Sievierdonetsk gave it full control of the eastern Luhansk region – a political win that meets a key Kremlin war goal. The battlefield focus now shifts to the neighboring Donetsk region, where Kyiv still controls swathes of territory. Advertisement 2 This advertisement has not loaded yet, ...
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The Galician song that wants to avenge Tanxugueiras in the Artificial Intelligence Eurovision

Artificial intelligence is no longer something out of a science fiction movie, but has reached people and they are beginning to see its possibilities. For a few weeks now, social network users have been playing like children with Dall-E, a small free application that, thanks to artificial intelligence, was capable of showing, in a sometimes primitive way, what you asked of it. The monolith from 2001 a space odyssey bullfighting; the Demogorgon from Stranger Things playing basketball… endless possibilities that made him an internet phenomenon. Surely among the millions of options received by Dall-E, many put 'Tanx...
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West Africa leaders lift sanctions on military-led neighbors

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Francis Kokutse Publishing date: Jul 03, 2022 • 18 minutes ago • 2 minutes read • Join the conversation Article content ACCRA, Ghana (AP) — West African leaders attending a regional summit Sunday lifted sanctions against three neighbors led by military governments that are now promising a return to democratic rule. The summit of the Economic Community of West African States resolved to lift all economic and financial sanctions imposed on Mali, Guinea and Burkina Faso, although those countries remain suspended from the regional bloc, said Jean-Claude Kassi Brou, an Ivorian politician who has been serving as president of the ECOWAS Commission. Advertisement 2 ...
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Russia says its forces fully control Ukraine’s Luhansk region

Breadcrumb Trail Links PMN Business Author of the article: Reuters Tom Balmforth and Max Hunder Publishing date: Jul 03, 2022 • 48 minutes ago • 4 minutes read • Join the conversation Article content KYIV — Russia said it had taken full control of the eastern Ukrainian region of Luhansk on Sunday after capturing the final Ukrainian bastion of Lysychansk, the city where Kyiv said it had withdrawn to save the lives of its troops. The region's capture, a major Russian war aim, is a political victory for the Kremlin after weeks of grinding advances and shifts the battlefield focus to neighboring Donetsk region, where Kyiv still controls swathes of territory. Since abandoning an assault on the capital Kyiv, Russia has concentrated its military o...
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31 bodies, some decomposing, found at Indiana funeral home

Article content JEFFERSONVILLE, Ind. (AP) — Police are investigating after more than 30 bodies, some decomposing, were found inside a southern Indiana funeral home. Police in the Louisville suburb of Jeffersonville responded to Lankford Funeral Home and Family Center on Friday evening and found 31 bodies, including some some “in the advanced stages of decomposition,” Maj. Isaac Parker said. He said the county coroner's office had reported a strong odor emanating from the building. Inside, officers wearing hazmat gear found bodies “in different places around the building.” Some of the bodies had been at the funeral home since March, Parker said. Police also found the cremated remains of 16 people. Article content “It was a very unpleasant scene,” Parker said. “The conditions were n...
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Several injured in a shooting at a Copenhagen shopping center

Police have reported that several people have been injured in a shooting at an Oerstad shopping center in Copenhagen (Denmark) this Sunday. At the moment the exact figures of injured or if there are fatalities are unknown. The perpetrator of the shooting has been arrested, according to police. ...
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Russia says its forces have full control of Ukraine’s Luhansk region

Breadcrumb Trail Links PMN Business Author of the article: Reuters Tom Balmforth and Max Hunder Publishing date: Jul 03, 2022 • 12 minutes ago • 4 minutes read • Join the conversation Article content KYIV — Russia said it had taken full control of the eastern Ukrainian region of Luhansk on Sunday after capturing the final Ukrainian bastion of the city of Lysychansk, where Kyiv said it had withdrawn to save the lives of its troops. The region's capture, a key Russian war aim, hands Moscow a boost after weeks of slow advances and shifts the battlefield focus to neighboring Donetsk region, where Kyiv still controls substantial territory. Since abandoning an assault on the capital Kyiv, Russia has concentrated its military operation on the indu...
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Argentine president scrambles to replace economy chief after Guzman exit

Article content BUENOS AIRES — Argentine President Alberto Fernandez held meetings and telephone calls on Sunday as he scrambled to find a new minister economy, official sources said, after the abrupt exit of ally Martin Guzman shook the country's center-left government. By early Sunday afternoon there was still no sign of a successor. “No news,” a government spokesperson told Reuters. Guzman, 39, submitted his resignation late on Saturday amid rising tensions within the ruling Peronist coalition over how to handle economic crises that have been exacerbated by Russia's invasion of Ukraine and sky-high inflation. Article content Fernandez has yet to publicly address the resignation of Guzman, a moderate who had served as economy minister since the president took office in late 2019...
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An association appeals the approval of three wind farms in León for affecting the Cantabrian capercaillie

The Platform for the Defense of the Cantabrian Mountains, through its Legal Fund, has appealed the administrative authorizations of the three wind complexes of the Villameca node (León), Peña del Gato, La Espina and Valdesamario, due to their "affectation" on the Cantabrian capercaillie, a species in “critical danger of extinction” that has its last refuges in the territories occupied by these parks. ...
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Four women claim to have been harassed by the man who threatened Paula Bonet

Paula Bonet would not be the only victim of Víctor GT, the 27-year-old man tried on Friday in Barcelona for threatening the writer and illustrator. The artist's lawyer, Carla Vall, has revealed that four other women have also claimed to have suffered episodes of harassment by the accused. Two of them have explained her testimony on social networks in the last few hours. ...
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Production at Venezuela’s largest refinery hit by blackout

Article content CARACAS — Production at Venezuela's largest refinery, which can process about 645,000 barrels of oil per day (bpd), was halted late on Saturday by an electrical fault that caused a blackout, according to five people familiar with the matter. Amuay is the only refinery producing gasoline at the Paraguana Refinery Center (CRP) following a halt in some operations at the neighboring Cardon refinery while a reformer fault is fixed. “Blackout in the Amuay refinery. An electrical problem. Total blackout. In Amuay, the distilling and catalytic plants might be affected, which is currently producing about 80% of the country's gasoline,” one of the sources said, speaking on condition of anonymity . Article content State-owned oil company PDVSA did not immediately respond to r...
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Despite potential, Midwestern farms struggle to market fish

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Casey Smith Article content INDIANAPOLIS (AP) — When drastic increases in food costs spurred by the COVID-19 pandemic left Andrew Caplinger struggling to find fresh catfish for his restaurants, he decided to try “an experimental” solution — growing his own. In the coming months, the Indianapolis restaurant chain Caplinger's Fresh Catch Seafood will begin sourcing its second most popular menu item from fish ponds at his 28-acre farm in southern Indiana. The goal is to produce up to half of the 800 to 1,000 pounds of catfish fillets served at the restaurants each week. Advertisement 2 This advertisement has not loaded yet, but your article continues below. Article...
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Russia says its forces now have full control of Ukraine’s Luhansk region

Breadcrumb Trail Links PMN Business Author of the article: Reuters Tom Balmforth and Max Hunder and Simon Lewis Publishing date: Jul 03, 2022 • 12 minutes ago • 4 minutes read • Join the conversation Article content KYIV/KOSTYANTYNIVKA — Russia said on Sunday its forces had taken control of Ukraine's eastern Luhansk region after capturing the final Ukrainian holdout of Lysychansk in heavy fighting, though Ukraine did not confirm the claim. Control of Luhansk, a key war aim for Russia, would come after weeks of slow advances, hand Moscow a limited political win and shift the battlefield focus to neighboring Donetsk region, where Ukraine still controls substantial territory. Driven back from the Ukrainian capital Kyiv following its Feb. 24 in...
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French soccer tournament celebrates diversity, fights racism

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Jade Le Deley And Jerome Pugmire Article content CRETEIL, France (AP) — An amateur soccer tournament in France aimed at celebrating ethnic diversity is attracting talent scouts, sponsors and increasing public attention, by uniting young players from low-income neighborhoods with high-profile names in the sport. The National Neighborhoods Cup is intended to shine a positive spotlight on working-class areas with large immigrant populations that some politicians and commentators scapegoat as breeding grounds for crime, riots and Islamic extremism. Advertisement 2 This advertisement has not loaded yet, but your article continues below. Article content Players with ...
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Wall St Week Ahead-Investors brace for pivotal July after dismal first half

Breadcrumb Trail Links PMN Business Author of the article: Article content NEW YORK — The US stock market is reeling from its worst first half of any year since 1970, with investors girding for a series of potential flashpoints in July that may set Wall Street's course for the coming months. Second-quarter corporate earnings, hotly anticipated US inflation data and the Federal Reserve's monetary policy meeting are among potentially pivotal events after the S&P 500 fell 20.6% in the initial six months of 2022. For now, the mood on Wall Street is grim. Bonds, which investors count on to offset stock declines, have tumbled alongside equities, with the ICE BofA Treasury Index on pace for its worst year in the index's history. Some 90% of respondents in A recent Deutsc...
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S.Africa’s Eskom extends daily power cuts for next week amid capacity shortage

Article content JOHANNESBURG — South African state power utility Eskom said on Sunday it would extend daily power cuts all through next week as generation capacity shortage continues. Striking workers, delay in maintenance and creaking old thermal power plants have forced the monopoly power supplier of South Africa to implement one of the worst power cuts in more than two years. “As the generation capacity shortages persist over the next few weeks, load-shedding will continue to be implemented at various stages,” the utility said in a statement, cautioning that it will still take a few weeks for the power generation system to fully recover to pre-strike levels. Article content The company will implement 'stage 6' level of power cut from Monday afternoon with lower levels in the re...
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Historian Fernando García de Cortázar dies

The historian and Jesuit Fernando García de Cortázar, winner of the 2008 National History Award, died this Sunday at the Hospital de la Luz in Madrid at the age of 79, after being admitted last Thursday for an intestinal perforation, the Society of Jesus reported. ...
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Russia says its forces now have full control of east Ukraine region

Breadcrumb Trail Links PMN Business Author of the article: Reuters Tom Balmforth and Max Hunder and Simon Lewis Publishing date: Jul 03, 2022 • 14 minutes ago • 3 minutes read • Join the conversation Article content KYIV/KONSTYANTYNIVKA — Russia said on Sunday its forces and their allies had taken control of Ukraine's eastern Luhansk region, after capturing the final Ukrainian holdout of Lysychansk, although Ukraine has yet to comment after reporting heavy fighting there. After fierce Ukrainian resistance prevented Russian seizing the capital Kyiv after its Feb. 24 invasion, Moscow turned its focus to taking full control of Luhansk and Donetsk provinces in Ukraine's eastern Donbas region. Advertisement 2 This advertisement has not ...
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Algeria to review gas prices with all its clients – Sonatrach’s CEO

Article content Algeria is negotiating with all its clients to review gas prices, state oil and gas producer Sonatrach's CEO, Tewfik Hakkar, told reporters on Sunday. Hakkar added that the review of the prices is not targeting a single company or country. (Reporting by Lamine Chikhi; Editing by Toby Chopra) financialpost.com
The wounded from the jump to the Melilla fence that Morocco moved away from the border
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The wounded from the jump to the Melilla fence that Morocco moved away from the border

In the mountains of the province of Nador, those that hid hundreds of people in the days before the last jump to the Melilla fence, there is hardly any trace of the life that it sheltered. Along the streets of his city, sub-Saharan people seem to have disappeared, while the lifeless bodies of their companions remain hidden. 600 kilometers from the border province with Spain, in a peripheral neighborhood of Casablanca, behind the walls of an abandoned school, a hundred refugees and migrants are milling around impatiently to show each of the marks left on their bodies by the last entry attempt. ...
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Peter Brook, legend of theater direction, dies at 97

Theater director Peter Brook, a legend of the 20th and 21st century stages, died this Saturday at the age of 97. as the newspaper Le Monde has advanced this Sunday. Born in London in 1925, the son of Jewish emigrants from Latvia, Brook settled in Paris in 1974 where he lived most of his life a...
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Ukraine hits Russian military base in occupied Melitopol – exiled mayor

Article content KYIV — Ukrainian forces hit a Russian military logistics base with over 30 strikes in the Russian-occupied southern city of Melitopol on Sunday, the city's exiled mayor said. A Russian-installed official confirmed that strikes had hit the city. “At 3 o'clock (0000 GMT) and 5 o'clock (0200 GMT), there were over 30 strikes on a single military base,” Melitopol Mayor Ivan Fedorov, who is currently on Ukraine-controlled territory, said on Telegram. The military aerial logistics base has been “taken out of action” and other resistance activity caused a Russian armored train carrying ammunition to derail on Saturday near Melitopol, Fedorov said. Article content The base was occupied on the second day of Russia's invasion in February and was being used to store ammunition...