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<lastBuildDate>Fri, 07 Jul 2023 14:30:45 GMT</lastBuildDate>
<ttl>5</ttl>
<item>
<title><![CDATA[China ends Ant Group's regulatory revamp with $984 mln fine]]></title>
<description><![CDATA[Summary:
<ul>
<li>Announcement marks end of firm's regulator-driven overhaul</li>
<li>Symbolic for tech industry chafing under regulatory crackdown</li>
<li>China c.bank also fines other firms such as Tencent's Tenpay</li>
<li>Ant shelved its IPO in late 2020</li>
<li>Alibaba's US shares jump 6%</li>
</ul>
<figure><img src="https://www.reuters.com/resizer/9LwK5_IrZIKPbnPrQimCCzmYmH0=/1080x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/LVL3EGZD5VLSJPDCWRPDS2BAZM.jpg" alt="A booth of Ant Group is pictured at the Singapore FinTech Festival" referrerpolicy="no-referrer">
<figcaption>A booth of Ant Group is pictured at the Singapore FinTech Festival, Singapore, November 4, 2022. REUTERS/Anshuman Daga</figcaption>
</figure>
<figure><img src="https://www.reuters.com/resizer/WiJGxwBo_WjrSG6Oc8a95417MBU=/1080x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/UPDKBV4UCFMRHFA2FL6H4PWY3I.jpg" alt="Ant Group sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai" referrerpolicy="no-referrer">
<figcaption>FILE PHOTO-Ant Group sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song</figcaption>
</figure>
<p>Chinese authorities announced on Friday a 7.12 billion yuan ($984 million) fine for Ant Group, ending a years-long regulatory overhaul of the fintech company and marking a key step to concluding a crackdown on the country's internet sector.</p>
<p>China's central bank, which has been driving the revamp at Ant after the company's $37 billion IPO was scuttled in late 2020, said it would fine Ant 7.1 billion yuan, require it to stop operations of its crowdfunded medical aid service Xianghubao and compensate users.</p>
<p>The penalty amounts to one of the largest ever fines for an internet company in China.</p>
<p>Ant and its subsidiaries had violated laws concerning corporate governance and financial consumer protection, and participated in business activities that were supposed to be conducted by bank and insurance institutions, the People's Bank of China (PBOC) said.</p>
<p>Next, the financial regulators "will focus on improving 'normalized' supervision levels of platform companies' financial businesses, and bring all kinds of financial activities under supervision," the PBOC said.</p>
<p>Ant said it had completed its rectification work. "We will comply with the terms of the penalty in all earnestness and sincerity and continue to further enhance our compliance governance." It <a href="https://www.reuters.com/business/chinas-ant-group-stop-operating-crowdfunded-medical-aid-service-2021-12-28/">closed Xianghubao</a> in 2021.</p>
<p>Reuters <a href="https://www.reuters.com/technology/china-end-ant-groups-regulatory-revamp-with-fine-least-11-bln-sources-2023-07-07/">reported earlier</a>, citing sources, that Chinese authorities intended to unveil its fine on Ant as early as Friday.</p>
<p>Besides Ant, the Chinese authorities also announced they had fined Ping An Bank <a href="https://www.reuters.com/markets/companies/000001.SZ" target="_blank">(000001.SZ)</a>, insurer PICC Property and Casualty <a href="https://www.reuters.com/markets/companies/2328.HK" target="_blank">(2328.HK)</a>, Postal Savings Bank <a href="https://www.reuters.com/markets/companies/1658.HK" target="_blank">(1658.HK)</a> and Tencent Holdings <a href="https://www.reuters.com/markets/companies/0700.HK" target="_blank">(0700.HK)</a> Tenpay, with Tenpay given a penalty of 2.4 billion yuan for committing violations in areas such as customer data management.</p>
<h1>ALIBABA SHARES JUMP</h1>
<p>U.S.-listed shares in Ant's affiliate, e-commerce titan Alibaba Group <a href="https://www.reuters.com/markets/companies/9988.HK" target="_blank">(9988.HK)</a>, rose 6% after the PBOC's announcement. Earlier in the day, its Hong Kong shares jumped as much as 6.4% after the Reuters report before giving up some gains.</p>
<p>Ant's penalty paves the way for the fintech firm to secure a financial holding company license, seek growth, and eventually, revive its plans for a stock market debut.</p>
<p>For the broader technology sector, the fine marks a key step towards the conclusion of China's bruising crackdown on private enterprises, that began with the scrapping of Ant's IPO and which has subsequently wiped billions off the market value of several companies.</p>
<p>Moves by the Chinese government to "finalise penalties, clarify its expectations, and draw clear compliance boundaries are key to stabilising private sector confidence," said Rukim Kuang, founder of Beijing-based Lens Consulting.</p>
<p>Jeffrey Towson, a partner of TechMoat consulting, said that Ant had a "fantastic" growth path going forward now that its regulatory issues, which mainly impacted its domestic payment and credit businesses, were resolved.</p>
<p>"Alipay+ is now going international. Ant's tech services business is also very well positioned for B2B contracts," he said.</p>
<h1>FOLLOWS MA'S RETURN TO CHINA</h1>
<p>Founded by billionaire Jack Ma, Ant operates China's ubiquitous mobile payment app Alipay and undertakes consumer lending and insurance products distribution among other businesses. In mid-2020, before its IPO was pulled, it was valued by some investors at more than $300 billion.</p>
<p>Since April 2021, Ant has been formally undergoing a sweeping business restructuring, which includes turning itself into a financial holding company that would subject it to rules and capital requirements similar to those for banks.</p>
<p>The announcement of the fine comes soon after China's ruling Communist Party appointed central bank Deputy Governor <a href="https://www.reuters.com/world/china/china-names-forex-regulator-pan-gongsheng-central-bank-party-boss-2023-07-01/">Pan Gongsheng</a> as the bank's party secretary, a move two policy sources told Reuters would be a <a href="https://www.reuters.com/markets/asia/chinas-choice-pboc-party-chief-signals-financial-stability-worries-2023-07-04/">prelude</a> to appointing him governor.</p>
<p>Pan is one of the main regulatory officials overseeing Ant's revamp and has attended several meetings with the company about the fine and the revamp, according to the sources.</p>
<p>The National Financial Regulatory Administration (NFRA), a new government body under the State Council, is now the primary regulator to grant Ant the license, they added.</p>
<p>The NFRA did not respond to a Reuters request for comment. The PBOC did not respond to a request for comment on Pan's role.</p>
<p>The sources had earlier said that the fine on Ant had been revised to at least 8 billion yuan. Reuters reported in April that Chinese regulators were <a href="https://www.reuters.com/technology/china-expected-lower-fine-ant-group-about-700-mln-sources-say-2023-04-18/">considering fining Ant</a> about 5 billion yuan, a lower sum than what they initially had in mind.</p>
<p>Ant's fine is the largest regulatory penalty imposed on a Chinese internet company since ride-hailing major Didi Global was fined $1.2 billion by China's cybersecurity regulator last year.</p>
<p>Alibaba was fined a record 18 billion yuan in 2021 for antitrust violations.</p>
<p>Ant's penalty comes at a time Chinese authorities are keen to boost private sector confidence as the $17 trillion economy struggles to recover despite the lifting of zero-COVID curbs earlier this year.</p>
<p>It also follows the return to China of Ma earlier this year after spending many months overseas. Ma, who also founded Alibaba, withdrew from public view in late 2020 after giving a speech criticising China's regulatory system, an event widely regarded as a trigger for the crackdown on industry.</p>
<p>He previously owned more than 50% of the voting rights at Ant, but in January it said he would give up control of the company as part of the revamp.</p>
<p>($1 = 7.2439 Chinese yuan renminbi)</p>
<span>Reporting by Julie Zhu and Jane Xu; Additional reporting by Jason Xue, Kevin Huang, Meg Shen, Twinnie Sui, Josh Ye and Ethan Wang; Editing by Muralikumar Anantharaman, Brenda Goh, David Holmes and Susan Fenton</span>
]]></description>
<pubDate>Fri, 07 Jul 2023 14:24:02 GMT</pubDate>
<guid isPermaLink="false">https://www.reuters.com/technology/china-end-ant-groups-regulatory-revamp-with-fine-least-11-bln-sources-2023-07-07/</guid>
<link>https://www.reuters.com/technology/china-end-ant-groups-regulatory-revamp-with-fine-least-11-bln-sources-2023-07-07/</link>
<author><![CDATA[Julie Zhu, Jane Xu]]></author>
<category>CHINA</category>
<category>REGULATION/ANT (UPDATE 3, EXCLUSIVE, PIX)</category>
</item>
<item>
<title><![CDATA[Ukrainian refugees: how will the economy recover with a diminished population?]]></title>
<description><![CDATA[Summary:
<ul>
<li>After millions of Ukrainians fled, workforce badly depleted</li>
<li>Most refugees women with higher education, some won't return</li>
<li>'Huge risk' men join families aboard when fighting stops</li>
<li>Ukraine's population could shrink by a third over 30 years</li>
<li>Officials and business leaders fret over impact to economy</li>
</ul>
<figure><img src="https://www.reuters.com/resizer/_Lk9xt1jTa9TtONgDmKuHu23EcE=/1080x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/Q5C3AG52RFLPFOGN5F4PBHDZGY.jpg" alt="Ukrainian fashion designer from Kyiv sells her creations which represent her national culture, in Madrid" referrerpolicy="no-referrer">
<figcaption>Ksenia Karpenko, a 33-year-old Ukrainian fashion designer from Kyiv, shows her creation which represents Ukraine's national culture, in Madrid, Spain, June 23, 2023. REUTERS/Juan Medina</figcaption>
</figure>
<p>With war dragging on, some of Ukraine's millions of refugees are beginning to think about settling for good in the countries they find themselves in across Europe, posing a challenge to rebuilding the economy when the guns finally fall silent.</p>
<p>Natalka Korzh, 52, a TV director and mother-of-two, left behind a newly-built dream house when she escaped the rockets falling on Kyiv in the early days of the war. She is only just finding her feet in Portugal, and doesn't plan on packing up her life again even when fighting stops in Ukraine.</p>
<p>"Now, at 52, I have to start from scratch", said Korzh, who wants to open a charity in Portugal to help other migrants in the town of Lagoa, which she now calls home.</p>
<p><a href="https://www.unrefugees.org/news/unhcr-one-year-after-the-russian-invasion-insecurity-clouds-return-intentions-of-displaced-ukrainians/" target="_blank">Studies</a> by the United Nations refugee agency UNHCR show the vast majority of displaced Ukrainians want to return one day, but only around one in ten plan to do so soon. In previous refugee crises, for example in Syria, refugees' desire to return home has faded with time, UNHCR studies show.</p>
<p>Reuters spoke to four company bosses who said they are now grappling with the likelihood that many refugees will not return and that the workforce will keep shrinking for years to come, a situation also worrying demographers and the government.</p>
<p>Volodymyr Kostiuk, CEO of Farmak, one of Ukraine's top pharmaceutical companies, with nearly 3,000 employees and over 7 billion hryvnias ($200 million) in revenue the year before the war, said with so many people abroad, displaced within Ukraine or drafted into the armed forces he was facing a shortage in qualified laboratory workers and production specialists.</p>
<p>"We need to somehow try to return them to Ukraine, because we already see that the longer people are abroad, the less they want to return", said Kostiuk, whose company relocated its research lab and staff to Kyiv, from close to the front line.</p>
<p>A poll of about 500 businesses in Ukraine carried out by Ukrainian think-tank the Institute for Economic Research and Political Studies showed that a third saw staff shortages as a key challenge.</p>
<p>Conscription-aged men are restricted from leaving Ukraine, so working-aged women, and children, make up the majority of refugees.</p>
<p>While farms and factories have lost workers to the armed forces, labour shortages are especially acute in industries requiring higher levels of education and training because educated young women are among those most likely to have left the country since the war started in February 2022.</p>
<p>Two thirds of the women who sought refuge elsewhere in Europe have a higher education, according to research published in March by Ukrainian think-tank the Centre for Economic Strategy.</p>
<p>It's not just a lack of labour, a shrinking workforce also dents consumer demand over the long term.</p>
<p>Fozzy Group, which operates leading supermarket chains, reopened stores in areas around Kyiv following Russia's retreat from the region in the first few months of fighting. But footfall is still low, said Dmytro Tsygankov, a Fozzy director in charge of new product lines.</p>
<p>"We cannot talk about recovery when we have several million people who simply do not buy anything: they are not in the country", said Tsygankov.</p>
<p>He said client visits were up in May compared to last year, but still 16% below May 2021, before the invasion.</p>
<h1>WILL THE MEN LEAVE?</h1>
<p>Ukraine's population problem goes beyond millions of refugees. A high proportion of citizens are elderly, and the country's fertility rate, already one of the lowest in the world, is believed to have fallen to 0.7 from 0.9 since war broke out, said Ella Libanova, one of the country's most respected demographers, at the National Academy of Science.</p>
<p>A million people are fighting the Russians, millions more live in territory seized by Moscow or have been displaced to Russia. The Ukrainian government does not release casualty figures, but in April leaked U.S. intelligence assessments <a href="https://www.reuters.com/world/europe/spreadsheet-dead-counting-cost-war-central-ukraine-2023-06-08/">said</a> 15,000 working age men had been killed or wounded. Many more are injured.</p>
<p>Libanova also warned that once wartime restrictions on men leaving the country were lifted many could join families abroad.</p>
<p>"A huge risk is that men will leave," she said. "We will lose young, qualified, enterprising, educated people. That is the problem".</p>
<p>With Russia now occupying about a fifth of the country's territory, Libanova estimates the population in areas controlled by Kyiv could already be as low as 28 million, down from a government estimate of 41 million before the Feb. 24, 2022 invasion. The estimates exclude Crimea, annexed by Russia in 2014, which had around 2 million people at the start of that year.</p>
<p>Even before the war, Ukraine's population was shrinking.</p>
<p>At independence in 1991, Ukraine had about 52 million people. A census in 2001 - the country's only so far - recorded a population of 48.5 million.</p>
<p>Depending on how long the fighting lasts, and how many people settle abroad, Ukraine's population is set to decline further by between about a fifth and a third over the next 30 years, according a <a href="https://publications.jrc.ec.europa.eu/repository/handle/JRC132458" target="_blank">study</a> published in March by the European Commission's Joint Research Centre.</p>
<h1>ECONOMIC IMPACT</h1>
<p>The government has not published figures for the current population, and even the best estimates allow a large margin of error to account for uncertainty about how many people are in Russia, Belarus and Russian-held territory.</p>
<p>Demographer Libanova estimated the population at between 28 million and 34 million at the start of 2023 in parts of the country controlled by Kyiv.</p>
<p>The Center for Economic Strategy estimated that between 860,000 and 2.7 million Ukrainians may remain abroad for good, based on a poll in February of more than a 1,000 refugees in EU countries. As a result, the economy could lose 2.55%-7.71% of its GDP per year, it said.</p>
<p>Farmak CEO Kostiuk said some of his staff work remotely and that less than 5% of his employees had left and stayed abroad.</p>
<p>But, he worries about a growing shortage of specialized workers, in part because young graduates lack practical skills after studying remotely through the pandemic and invasion.</p>
<p>The government is more optimistic about returnees, citing the patriotism that surged after the invasion. Oleksiy Sobolev, deputy economy minister, told a recent roundtable he expected up to 75% of refugees would head back to Ukraine within three years of the end of fighting.</p>
<p>Some Ukrainians overseas are supporting the economy remotely. Fashion designer Ksenia Karpenko has kept her business afloat from her current home in Tarragona on the Mediterranean coast in Spain, where she was on vacation when the war broke out.</p>
<p>"I was a tourist on February 23 and when I woke up (the next day) ... I was a refugee", Karpenko told Reuters.</p>
<p>She had to downsize but kept going despite the war and now manages a team of eight people in Ukraine to design and make clothes sold in boutiques in Madrid and Barcelona.</p>
<p>"I'm more effective here rather than in Ukraine. I do more here for my compatriots as well", she said.</p>
<p>(This story has been corrected to say that the war started in 2022, not 2024, in paragraph 10)</p>
<span>Additional reporting by Corina Rodriguez in Madrid and Catarina Demony in Lisbon; Editing by Mike Collett-White and Frank Jack Daniel</span>
]]></description>
<pubDate>Fri, 07 Jul 2023 14:03:34 GMT</pubDate>
<guid isPermaLink="false">https://www.reuters.com/world/europe/however-war-ends-ukraines-diminished-population-will-hit-economy-years-2023-07-07/</guid>
<link>https://www.reuters.com/world/europe/however-war-ends-ukraines-diminished-population-will-hit-economy-years-2023-07-07/</link>
<author><![CDATA[Olena Harmash]]></author>
<category>UKRAINE</category>
<category>CRISIS/DEMOGRAPHY</category>
<category>REFUGEES (CORRECTED, TV, PIX)</category>
</item>
<item>
<title><![CDATA[NATO makes membership pledge to Ukraine as Zelenskiy drums up support]]></title>
<description><![CDATA[Summary:
<ul>
<li>Zelenskiy tours some NATO states before alliance summit</li>
<li>Prague says Ukraine's future is in NATO and EU</li>
<li>Zelenskiy says Ukraine needs long-range weapons</li>
</ul>
<figure><img src="https://www.reuters.com/resizer/K4z4yAMyCOuVK09b52Ox7ta5OuI=/1080x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/WF3BISKQJNMXRAWIILZJR26774.jpg" alt="Ukraine's President Zelenskiy visits Czech Republic" referrerpolicy="no-referrer">
<figcaption>Ukraine's President Volodymyr Zelenskiy and Czech Prime Minister Petr Fiala visit the Velvet Revolution Memorial in Prague, Czech Republic, July 7, 2023. Ukrainian Presidential Press Service/Handout via REUTERS </figcaption>
</figure>
<figure><img src="https://www.reuters.com/resizer/klMBRmjl8z9P_fM9nEk8TGzaC4s=/1080x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/B64HL2AIINN6XHBRMML4IPRV2I.jpg" alt="Ukraine's President Zelenskiy visits Czech Republic" referrerpolicy="no-referrer">
<figcaption>Ukraine's President Volodymyr Zelenskiy and Czech Prime Minister Petr Fiala make statements to the press after their meeting in Prague, Czech Republic, July 7, 2023. REUTERS/Stringer NO RESALES. NO ARCHIVES.</figcaption>
</figure>
<figure><img src="https://www.reuters.com/resizer/dT2aiXu4o81Bh_745seM5sfawGs=/1080x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/5LSZMC7QGFP2BG5IRWNNLDYPTE.jpg" alt="NATO Secretary General Stoltenberg holds news conference in Brussels" referrerpolicy="no-referrer">
<figcaption>NATO Secretary General Jens Stoltenberg holds a news conference at the alliance's headquarters in Brussels, Belgium November 16, 2022. REUTERS/Yves Herman/File Photo</figcaption>
</figure>
<p>The head of NATO said on Friday the military alliance would unite at a summit next week on how to bring Kyiv closer to joining, while Ukraine's president drummed up support for its membership bid on a tour of several NATO states.</p>
<p>President Volodymyr Zelenskiy visited the Czech Republic and Slovakia a day after holding talks in Bulgaria, and was due to travel to Turkey later on Friday on the next stage of his tour.</p>
<p>In Prague, he won a pledge of support for Ukraine to join NATO "as soon as the war (with Russia) is over", and in Sofia secured backing for membership "as soon as conditions allow". Slovakia said the question of Kyiv's membership was "when", not "if".</p>
<p>At a news conference in Bratislava, Zelenskiy said he expected unity among NATO member states at the summit in Vilnius and wanted concrete steps on Ukraine's movement to join the alliance.</p>
<p>NATO Secretary-General Jens Stoltenberg reiterated that Ukraine would become a member, but the alliance is divided over how fast this should happen. Some countries are wary of any step that might take the alliance closer to war with Russia.</p>
<p>"For 500 days, Moscow has brought death and destruction to the heart of Europe," Stoltenberg told a news conference in Brussels ahead of the July 11-12 NATO summit in Vilnius.</p>
<p>"Our summit will send a clear message: NATO stands united, and Russia's aggression will not pay."</p>
<p>Zelenskiy has acknowledged that Kyiv is unlikely to be able to join NATO while at war with Russia.</p>
<p>But he said on Thursday Ukraine needs "a <a href="https://www.reuters.com/world/europe/ukrainian-president-zelenskiy-heading-prague-2023-07-06/">clear signal</a>, some concrete things in the direction of an invitation" at the summit, and it is unclear what Kyiv will be offered in Vilnius.</p>
<p>President Vladimir Putin has cited NATO's expansion towards Russia's borders over the past two decades as a reason for his decision to send tens of thousands of troops into Ukraine on Feb. 24, 2022.</p>
<p>He has threatened unspecified action if Ukraine joins NATO.</p>
<h1>TALKS DUE IN TURKEY</h1>
<p>Despite Russia's anger, Czech Prime Minister Petr Fiala told a news conference with Zelenskiy in Prague that he expected all NATO allies to support Ukraine in its membership aspirations.</p>
<p>"I am convinced that the future of Ukraine is in the European Union, the future of Ukraine is in NATO, and this will ensure that a situation like the one we are experiencing in Europe will not happen again," Fiala said.</p>
<p>Zelenskiy and Fiala visited a memorial dedicated to Czechoslovakia's 1989 Velvet Revolution protests that peacefully overthrew communist rule. The speaker of the lower house of parliament gave Zelenskiy a black T-shirt saying "Russia is a terrorist state", a phrase from a 2022 parliamentary resolution.</p>
<p>Prague has been a strong backer of Kyiv, providing military aid and other help, and Fiala promised more attack helicopters and hundreds of thousands more large-calibre ammunition rounds.</p>
<p>Zelenskiy welcomed the "new, powerful, very timely defence package" but said more weapons were needed.</p>
<p>"Without long-range weapons it is difficult not only to carry out an offensive mission but also to conduct a defensive operation," he said. "First of all, we are talking about long-range systems with the United States and it depends only on them today."</p>
<p>Kyiv says it has taken back a cluster of villages in southern Ukraine since launching a counteroffensive in early June, but that it lacks the firepower and air cover to make faster <a href="https://www.reuters.com/world/europe/ukraine-reports-new-advances-near-eastern-city-bakhmut-2023-07-07/">progress</a>.</p>
<p>After his talks in Prague and <a href="https://www.reuters.com/world/europe/ukraines-zelenskiy-stops-slovakia-tour-before-nato-summit-2023-07-07/">Slovakia</a>, Zelenskiy was due later on Friday to meet Turkish President Tayyip Erdogan in Istanbul.</p>
<p>Turkish officials said the two leaders would discuss the potential extension of a wartime grain deal allowing the safe export of Ukrainian grain via the Black Sea.</p>
<p>Russia, angry about aspects of the grain deal's implementation, has threatened not to allow its further extension beyond July 17.</p>
<span>Additional reporting by Jason Hovet and by Pavel Polityuk and Olena Harmash in Kyiv, Writing by Timothy Heritage, Editing by Gareth Jones and Philippa Fletcher</span>
]]></description>
<pubDate>Fri, 07 Jul 2023 13:50:30 GMT</pubDate>
<guid isPermaLink="false">https://www.reuters.com/world/europe/ukraines-zelenskiy-wins-czech-backing-tour-win-support-nato-bid-2023-07-07/</guid>
<link>https://www.reuters.com/world/europe/ukraines-zelenskiy-wins-czech-backing-tour-win-support-nato-bid-2023-07-07/</link>
<author><![CDATA[Robert Muller]]></author>
<category>UKRAINE</category>
<category>CRISIS/ZELENSKIY (UPDATE 2, TV, PIX)</category>
</item>
<item>
<title><![CDATA[Exclusive: Syria brought Wagner Group fighters to heel as mutiny unfolded in Russia]]></title>
<description><![CDATA[<figure><img src="https://www.reuters.com/resizer/Xonzh0HDlHHFHG5MmpqTuoICBhw=/1080x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/CNNFNGOLGFI2DGLIUOKPRQ3Z2M.jpg" alt="Russian law enforcement officers stand guard outside Wagner Centre in St Petersburg" referrerpolicy="no-referrer">
<figcaption>Russian law enforcement officers stand guard outside PMC Wagner Centre in Saint Petersburg, Russia, June 24, 2023. REUTERS/Anton Vaganov</figcaption>
</figure>
<p>As Wagner mercenaries advanced on Moscow in an attempted mutiny in late June, authorities in Syria and Russian military commanders there took a series of swift measures against local Wagner operatives to prevent the uprising spreading, according to six sources familiar with the matter.</p>
<p>The previously unreported crackdown included blocking phone lines, summoning around a dozen Wagner commanders to a Russian military base, and ordering mercenary fighters to sign new contracts with the Russian defence ministry or promptly leave Syria, according to the sources, who include Syrian security officials, sources based near deployed Russian forces, and regional officials.</p>
<p>The sources declined to be named in order to discuss sensitive military information. Syria's government, Russia's defence ministry and Wagner in Russia did not respond to requests for comment.</p>
<p>The measures showed how Syrian authorities moved quickly to bring the mercenary force to heel, worried that their key military partner Russia was distracted by events back home, according to two Syrian sources informed of the deployments.</p>
<p>"Wagner's role in Syria - as it was playing it before - is over," said Nawar Shaban, researcher at Omran Center for Strategic Studies, an Istanbul-based independent research group focused on Syria. "Given the events, their relationship with the Syrian defence ministry is now over."</p>
<p>Damascus has not publicly commented on the <a href="https://www.reuters.com/world/europe/how-mercenary-revolt-has-gathered-pace-russia-2023-06-24/">June 23-24 Wagner mutiny</a> in which mercenary boss Yevgeny Prigozhin ordered his men fighting for Russia in Ukraine to march on Moscow before <a href="https://www.reuters.com/world/europe/putin-pays-tribute-russian-pilots-killed-fighting-mutineers-2023-06-27/">a deal brokered by Belarus</a> saw them turn back and many exiled.</p>
<p>However, senior Syrian military and intelligence officials privately voiced concern as they watched events unfolding that the mutiny could disrupt the Russian military presence they had relied on for so long, according to a senior Syrian Republican Guard officer and a Syrian source briefed on developments.</p>
<p>The mercenary group's presence in Syria is relatively small at between 250 and 450 personnel, or roughly a tenth of the estimated Russian military strength, the two Syrian sources said. There are no official figures on staffing, which vary over time.</p>
<p>Russia deployed its military forces and, crucially, its airpower to Syria in 2015, helping President Bashar al-Assad beat back rebels intent on toppling him.</p>
<p>Wagner has since been involved in combat missions and security for oil installations in Syria, with the first suspected Wagner deaths there reported as early as 2015.</p>
<p>For years, Moscow denied any connection with Wagner, but the group has played a very public role in Russia's war in Ukraine. President Vladimir Putin said after the mutiny that his government funds the group.</p>
<p>After Prigozhin announced his uprising, a group of Russian military officers were quickly dispatched to Syria to help take charge of Wagner forces there, according to a regional military source close to Damascus and two Syrian sources with knowledge of the events, who did not provide further details.</p>
<p>Syria's military intelligence cut landlines and internet links overnight on Friday June 23 from areas where Russian Wagner forces were deployed to prevent them from communicating among themselves, with Wagner in Russia, and even with relatives back home, the three sources said.</p>
<p>By the morning of Saturday June 24, Syrian military intelligence and Russian defence officials were coordinating closely to isolate and control Wagner operatives, according to the senior Republican Guard officer, a Syrian security source and two Syrian sources briefed on the developments.</p>
<p>Around a dozen Wagner officers deployed in Syria's central province of Homs and other areas were summoned to Russia's operational base at Hmeimim in western Latakia province, according to the Republican Guard officer and one of the Syrian sources briefed on the developments. The officer said this occurred "in the early hours of the mutiny."</p>
<p>Reuters could not determine what happened to them. The Russian Reconciliation Center for Syria, headquartered in the Hmeimim base, refers all media enquiries to the defence ministry, which did not respond to requests for comment.</p>
<h1>NEW CONTRACTS OR FLIGHTS OUT</h1>
<p>By June 24, Wagner fighters in Syria were asked to sign new contracts by which they report directly to Russia's defence ministry, a source with knowledge of Wagner's deployments and two other sources with knowledge of the events said.</p>
<p>Their pay was also cut, those three sources said.</p>
<p>Those who refused the terms were flown out on Russian Ilyushin planes in the following days, two of those sources said. One said they numbered "in the dozens," surprising Syrian officials who expected more would refuse and head into exile.</p>
<p>Between June 25 and 27, flight-tracking data from Flightradar24 shows at least three trips by a Russian Ilyushin plane between Latakia, Syria and Bamako, the capital of the West African nation of Mali, where Wagner also has operations. Reuters could not establish whether Wagner personnel were on board the flights.</p>
<p>Mali authorities did not respond to a request for comment on the flights and whether any Wagner fighters had been redeployed from Syria to Mali.</p>
<p>Wagner had already pulled many experienced Russian fighters out of Syria last year to fight in Ukraine following Russia's full-scale invasion, according to Syrian analysts and a retired Syrian military officer familiar with Wagner activities.</p>
<p>Wagner fighters secured Syrian oilfields and Western officials say Wagner is linked to <a href="https://www.reuters.com/world/europe/eu-hits-russian-mercenary-group-wagner-with-sanctions-2021-12-13/">Evro Polis</a>, a company that profits from those assets. The EU imposed sanctions on the firm in 2021.</p>
<p>Reuters was unable to determine the fate of those commercial interests in the wake of the Russian defence ministry's moves against Wagner in Syria and Russia. Evro Polis did not immediately respond to emails sent to a contact address on its website.</p>
<p>Hmeimim base has served as a logistics hub to transit Wagner fighters on to Libya and <a href="https://www.reuters.com/world/europe/wagners-global-operations-war-oil-gold-2023-06-29/">elswhere in Africa</a>, according to a Syrian security source and a Western diplomat based in the region. "We are watching how those Wagner operations will in turn be disrupted," the diplomat said.</p>
<p>Unlike its other operations in Africa, where Wagner's presence is larger and not subservient to the Russian military, its role in Syria's war went little noticed at first, as Russian air power turned the tide of the conflict.</p>
<p>Details of its presence emerged gradually, notably in 2018 when hundreds of Wagner fighters were killed in a confrontation with U.S. forces near the Syrian city of Deir al-Zor, sources told Reuters at the time.</p>
<p>In the wake of the Wagner uprising, Syria's leadership quickly restated publicly the importance of its military alliance with Russia.</p>
<p>Syrian first lady Asmaa al-Assad was in Russia days later to attend her son's graduation from Moscow State University and was asked by a reporter whether she had been afraid to visit given recent events.</p>
<p>"Our Russian friends did not hesitate when they stood with us in our war. So we did not hesitate, and we won't hesitate, to stand with them in their war," she said.</p>
<span>Additional reporting by Laila Bassam and Tom Perry in Beirut and Ed McAllister in and Joanna Plucinska in London; Editing by Mike Collett-White and Daniel Flynn</span>
]]></description>
<pubDate>Fri, 07 Jul 2023 13:45:37 GMT</pubDate>
<guid isPermaLink="false">https://www.reuters.com/world/syria-brought-wagner-group-fighters-heel-mutiny-unfolded-russia-2023-07-07/</guid>
<link>https://www.reuters.com/world/syria-brought-wagner-group-fighters-heel-mutiny-unfolded-russia-2023-07-07/</link>
<author><![CDATA[Suleiman Al-Khalidi, Maya Gebeily]]></author>
<category>UKRAINE</category>
<category>CRISIS/RUSSIA</category>
<category>SYRIA (EXCLUSIVE, PIX)</category>
</item>
<item>
<title><![CDATA[Yellen criticizes China's 'punitive' actions against US companies, urges market reforms]]></title>
<description><![CDATA[Summary:
<ul>
<li>Yellen says U.S. wants healthy competition, not winner-take-all</li>
<li>Chinese Premier Li hopeful about bilateral ties</li>
<li>U.S. industry welcomes Yellen's 'firepower'</li>
</ul>
<figure><img src="https://www.reuters.com/resizer/xPCUey9v-owpImMeS250RmNmcx8=/1080x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/G3Q4X4JU4FKGHJWIHNFWOP4EH4.jpg" alt="U.S. Treasury Secretary Janet Yellen visits China" referrerpolicy="no-referrer">
<figcaption>U.S. Treasury Secretary Janet Yellen, third from left, speaks as Chinese Premier Li Qiang, third from right, listens during a meeting at the Great Hall of the People in Beijing, China, Friday, July 7, 2023. Mark Schiefelbein/Pool via REUTERS</figcaption>
</figure>
<figure><img src="https://www.reuters.com/resizer/2Zf7wQt9E56Su8FyqkdRTpy73hs=/1080x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/AHY6DQCHJBOGTFCPNEAUCDXFAI.jpg" alt="U.S. Treasury Secretary Janet Yellen meets with representatives of the U.S. business community in China in Beijing" referrerpolicy="no-referrer">
<figcaption>U.S. Treasury Secretary Janet Yellen meets with representatives of the U.S. business community in China in Beijing, July 7, 2023. REUTERS/Thomas Peter</figcaption>
</figure>
<figure><img src="https://www.reuters.com/resizer/L3kRDaPAdiO2ez5oPcGQVta9h1s=/1080x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/AR4Q2M52BBNDRJ4RYB4MFAL5WI.jpg" alt="U.S. Treasury Secretary Janet Yellen meets with representatives of the U.S. business community in China, in Beijing" referrerpolicy="no-referrer">
<figcaption>U.S. Treasury Secretary Janet Yellen meets with representatives of the U.S. business community in China, in Beijing, July 7, 2023. REUTERS/Thomas Peter</figcaption>
</figure>
<figure><img src="https://www.reuters.com/resizer/BloVRiTbXCLyLvbi7XBJ4iM_2G0=/1080x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/Y2NUODP63JOXDKJXKPZN4LZVD4.jpg" alt="U.S. Treasury Secretary Janet Yellen and U.S. Ambassador to China Nicholas Burns meet with representatives of the U.S. business community in China, in Beijing" referrerpolicy="no-referrer">
<figcaption>U.S. Treasury Secretary Janet Yellen and U.S. Ambassador to China Nicholas Burns meet with representatives of the U.S. business community in China, in Beijing, China July 7, 2023. REUTERS/Thomas Peter</figcaption>
</figure>
<figure><img src="https://www.reuters.com/resizer/rHMmVn2fk20KFpdn7RdX8Jbu_Fk=/1080x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/WDPX4W7CIFN2BJROE4OGDWCMYI.jpg" alt="U.S. Treasury Secretary Janet Yellen visits China" referrerpolicy="no-referrer">
<figcaption>U.S. Treasury Secretary Janet Yellen arrives at Beijing Capital International Airport in Beijing, China on July 6, 2023. Pedro Pardo/Pool via REUTERS</figcaption>
</figure>
<p>U.S. Treasury Secretary Janet Yellen called on Friday for market reforms in China and criticized the world's second-largest economy for its recent tough actions against U.S. companies and new export controls on some critical minerals.</p>
<p>Yellen arrived in Beijing on Thursday to try to repair fractious U.S.-Chinese relations, but made clear in her public remarks that Washington and its Western allies will continue to hit back at what she called China's "unfair economic practices."</p>
<p>Despite talk of U.S.-China economic decoupling, recent data <a href="https://www.reuters.com/world/yellen-seeks-calm-fraught-close-knit-us-china-trade-relationship-2023-07-07/">show</a> a trade relationship that is fundamentally solid, with two-way trade hitting a record $690 billion last year.</p>
<p>"We seek healthy economic competition that is not winner-take-all but that, with a fair set of rules, can benefit both countries over time," Yellen told Chinese Premier Li Qiang in a meeting on Friday that the Treasury said was "candid and constructive."</p>
<p>Yellen also spoke to the American Chamber of Commerce in China (AmCham) after what a Treasury official called "substantive" talks with former Chinese economy czar Liu He, a close confidante of President Xi Jinping, and outgoing top Chinese central banker Yi Gang.</p>
<p>"Strengthening cooperation is the realistic need and correct choice of China and the United States ... to inject stability and positive energy into China-U.S. relations," state media reported Li as saying.</p>
<p>Yellen and other U.S. officials are walking a diplomatic tightrope, trying to repair ties with China after the U.S. military shot down a Chinese government balloon over the United States while continuing to push Beijing to halt practices they view as harmful to U.S. and Western companies.</p>
<p>Yellen said she hoped her visit would spur more regular communication between the two rivals, and said any targeted actions by Washington to protect its national security should not "needlessly" jeopardize the broader relationship.</p>
<p>U.S. officials have downplayed the prospects for any major breakthroughs, while highlighting the importance of more regular communications between the world's two biggest economies.</p>
<p>China hopes the United States will take "concrete actions" to create a favourable environment for the healthy development of economic and trade ties, its finance ministry said in a statement on Friday.</p>
<p>"No winners emerge from a trade war or from decoupling and 'breaking chains'," the statement added.</p>
<p>Li told Yellen a rainbow that appeared as her plane landed from Washington on Thursday offered hope for the future of U.S.-China ties.</p>
<p>"I think there is more to China-U.S. relations than just wind and rain. We will surely see more rainbows," he said.</p>
<p>U.S. companies in China hope Yellen's visit will ensure trade and commercial lanes between the two economies remain open, regardless of the temperature of geopolitical tensions.</p>
<p>AmCham President Michael Hart welcomed Yellen's "extra firepower" in pressing for changes in China's policies, and said her visit could pave the way for more exchanges at lower levels between the two sides.</p>
<p>"I think if there was another year of no visits by top U.S. government leaders, the market would get colder," he added.</p>
<h1>TEEING UP POSSIBLE BIDEN-XI MEETING</h1>
<p>The U.S. diplomatic push comes ahead of a possible meeting between President Joe Biden and Xi as soon as September's Group of 20 Summit in New Delhi or the Asia-Pacific Economic Cooperation gathering scheduled for November in San Francisco.</p>
<p>Secretary of State Antony Blinken traveled to Beijing last month and agreed with Xi that the mutual rivalry should not veer into conflict, and Biden's climate envoy John Kerry is expected to visit later this month.</p>
<p>Yellen told the U.S. business executives a "stable and constructive relationship" between the two countries would benefit U.S. companies and workers, but Washington also needed to protect its national security interests and human rights.</p>
<p>Regular exchanges could help both countries monitor economic and financial risks at a time when the global economy was facing "headwinds like Russia's illegal war in Ukraine and the lingering effects of the pandemic," Yellen added.</p>
<p>At the same time, she said she would raise concerns with Chinese officials about Beijing's use of expanded subsidies for state-owned enterprises and domestic firms, barriers to market access for foreign firms, and its recent "punitive actions" against U.S. firms.</p>
<p>New Chinese export controls on gallium and germanium, critical minerals used in technologies like semiconductors, were also concerning, she said, adding the move underscored the need for "resilient and diversified supply chains."</p>
<h1>MARKET REFORMS</h1>
<p>Yellen also took aim at China's planned economy, urging Beijing to return to more market-oriented practices that had underpinned its rapid growth in past years.</p>
<p>"A shift toward market reforms would be in China's interests," she told the AmCham event.</p>
<p>"A market-based approach helped spur rapid growth in China and helped lift hundreds of millions of people out of poverty. This is a remarkable economic success story."</p>
<p>Yellen noted that China's enormous and growing middle-class provided a big market for American goods and services, and stressed that Washington's targeted actions against China were based on national security concerns.</p>
<p>"We seek to diversify, not to decouple," she said. "A decoupling of the world's two largest economies would be destabilizing for the global economy, and it would be virtually impossible to undertake."</p>
<span>Reporting by Andrea Shalal and Joe Cash; Editing by Michael Perry, Toby Chopra, Kim Coghill and Catherine Evans</span>
]]></description>
<pubDate>Fri, 07 Jul 2023 13:03:24 GMT</pubDate>
<guid isPermaLink="false">https://www.reuters.com/world/yellen-urges-china-adopt-market-reforms-insists-us-not-decoupling-2023-07-07/</guid>
<link>https://www.reuters.com/world/yellen-urges-china-adopt-market-reforms-insists-us-not-decoupling-2023-07-07/</link>
<author><![CDATA[Andrea Shalal, Joe Cash]]></author>
<category>CHINA</category>
<category>USA/YELLEN (UPDATE 4, PIX, TV)</category>
</item>
<item>
<title><![CDATA[Factbox: China's major germanium and gallium producers]]></title>
<description><![CDATA[<figure><img src="https://www.reuters.com/resizer/qb4RZzMiMJWgaumBWufOyc_D6YQ=/1080x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/RETS4VKKI5PAXG63HQO3R27Z7U.jpg" alt="Illustration picture of Gallium and Germanium with Chinese flag" referrerpolicy="no-referrer">
<figcaption>The flag of China is placed next to the elements of Gallium and Germanium on a periodic table, in this illustration picture taken on July 6, 2023. REUTERS/Florence Lo/Illustration</figcaption>
</figure>
<p>China has announced <a href="https://www.reuters.com/markets/commodities/china-restrict-exports-chipmaking-materials-us-mulls-new-curbs-2023-07-04/">export restrictions</a> to take effect from Aug. 1 on some gallium and germanium products, metals used in computer chips and other products, citing national security interests.</p>
<p>China <a href="https://www.reuters.com/markets/commodities/where-are-strategic-materials-germanium-gallium-produced-2023-07-04/">produces</a> around 60% of the world's germanium, or 180 metric tons in 2022, and over 90% of the world's gallium, about 606 tons last year, according to research firm Antaike.</p>
<p>Output of both metals rose 16% in 2022, the firm says.</p>
<p>Here are some facts about major germanium and gallium producers in China.</p>
<h1>YUNNAN GERMANIUM, AN ESTABLISHED PRODUCER</h1>
<p>Headquartered in southwest China's Yunnan province, Yunnan Lincang Xinyuan Germanium Industry Co. Ltd. <a href="https://www.reuters.com/markets/companies/002428.SZ" target="_blank">(002428.SZ)</a> extracts germanium from its own germanium mines and germanium-containing lignite coal mines.</p>
<p>It has an annual capacity of 47.6 metric tons of germanium ingot, 60 tons of germanium tetrahydride - used to build 5G infrastructure - and 300,000 germanium wafers for solar cells.</p>
<p>The company, which saw its shares hit the upper trading limit three days in a row since Monday, reported a net loss of 62.4 million yuan ($8.62 million) in 2022, citing falling prices amid dwindling demand at home and abroad.</p>
<h1>YUNNAN CHIHONG, A GROWING GERMANIUM PRODUCER</h1>
<p>Yunnan Chihong Zinc & Germanium Co <a href="https://www.reuters.com/markets/companies/600497.SS" target="_blank">(600497.SS)</a>, a subsidiary of state giant Aluminum Corporation of China (Chinalco) <a href="https://www.reuters.com/markets/companies/601600.SS" target="_blank">(601600.SS)</a>, says it is China's top producer of primary germanium, with output of 56 metric tons of germanium products in 2022.</p>
<p>It has proven germanium resources linked to lead and zinc ores of over 600 metric tons, accounting for around 17% of the country's total, it says.</p>
<p>The company's main business is producing zinc, lead, silver, gold and other products but it increased germanium production by almost 10 tons last year.</p>
<p>It also started a production line for optical fiber ultra-high purity germanium tetrachloride, with annual output of 30 metric tons.</p>
<h1>CHINALCO, A MAJOR GALLIUM PRODUCER</h1>
<p>State aluminium giant Chinalco has three gallium production plants, one each in central China's Henan and southwestern Guangxi and Guizhou provinces.</p>
<p>It has annual production capacity of 200 metric tons of gallium metal and produced 146 metric tons in 2022.</p>
<p>Chinalco Chairman Duan Xiangdong said in April the company aims to "nurture" leading minor metal companies, according to a statement on its website that did not provide further details.</p>
<h1>OTHER GALLIUM PRODUCERS</h1>
<p>Shanghai-based aluminium and alumina producer East Hope, Zhuzhou Keneng New Material Co Ltd based in Zhuzhou in central China's Hunan province and Zhuhai Fangyuan based in southern Guangdong province also make the metal.</p>
<p>Shanxi province-based Xiaoyi Xingan Gallium Industry Co. Ltd is a joint venture between Xiaoyi Xing'an Chemical Co. and Nanjing Jinmei Gallium Industry Co. Ltd., a subsidiary of U.S.-based semiconductor wafer maker AXT Inc <a href="https://www.reuters.com/markets/companies/AXTI.O" target="_blank">(AXTI.O)</a>.</p>
<p>China is the world's top aluminium producer and gallium is made during the processing of alumina into aluminium.</p>
<p>($1 = 7.2355 Chinese yuan renminbi)</p>
<span>Reporting by Beijing newsroom and Dominique Patton in Beijing; editing by David Evans</span>
]]></description>
<pubDate>Fri, 07 Jul 2023 11:28:13 GMT</pubDate>
<guid isPermaLink="false">https://www.reuters.com/markets/commodities/chinas-major-germanium-gallium-producers-2023-07-07/</guid>
<link>https://www.reuters.com/markets/commodities/chinas-major-germanium-gallium-producers-2023-07-07/</link>
<author><![CDATA[Reuters]]></author>
<category>CHINA</category>
<category>METALS/PRODUCERS (FACTBOX)</category>
</item>
<item>
<title><![CDATA[New Mexico trail clash echoes culture war across US West]]></title>
<description><![CDATA[<figure><img src="https://www.reuters.com/resizer/q4Zp1CS9w0cb24PZyd4QiDhgz3I=/1080x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/IDNKVVZ75FOKJHCH2OKIPOVKDI.jpg" alt="New Mexico trails clash echoes culture war across U.S. West" referrerpolicy="no-referrer">
<figcaption>Spencer Bushnell, a mountain biker, rides in front of foothills, where the U.S. Forest Service is facing rising demand for trails and access to the national forest, in Taos, New Mexico, U.S., June 27, 2023. REUTERS/Andrew Hay</figcaption>
</figure>
<figure><img src="https://www.reuters.com/resizer/_P3B1M0iZNuweDSiDTeLyRHP-No=/1080x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/WLCYR5NX2FKLTDYB33K73MFB4M.jpg" alt="New Mexico trails clash echoes culture war across U.S. West" referrerpolicy="no-referrer">
<figcaption>Farmer John MacArthur irrigates his fields using water from a channel running off an 'acequia' irrigation system, in Talpa, near Taos, New Mexico, U.S., June 27, 2023. REUTERS/Andrew Hay</figcaption>
</figure>
<figure><img src="https://www.reuters.com/resizer/9ASXH7k1XIyCYbDiIHTWelv-lB4=/1080x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/YGQGN3WONBOY7OEGXMQM4RAPMA.jpg" alt="New Mexico trails clash echoes culture war across U.S. West" referrerpolicy="no-referrer">
<figcaption>Carlos Arguello, a farmer, loads bales in his field irrigated with the water from foothills in Taos, New Mexico, U.S., June 25, 2023 in this screengrab from a video. REUTERS/Andrew Hay</figcaption>
</figure>
<figure><img src="https://www.reuters.com/resizer/vgjQHLAdlU1FS20IeeeTPnFhyLI=/1080x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/PDIZOQH4K5OVDKBH4FUCKWF634.jpg" alt="New Mexico trails clash echoes culture war across U.S. West" referrerpolicy="no-referrer">
<figcaption>Trail runner and community volunteer Emily Matheu sits in the back of her car at a meet up of mountain bikers at Horsethief Mesa, north of Taos, New Mexico, U.S., June 28, 2023 in this screengrab from a video. REUTERS/Andrew Hay</figcaption>
</figure>
<p>Physiotherapist Spencer Bushnell lives less than a mile from farmer Carlos Arguello in Taos, New Mexico. But they are worlds apart on proposals to lace the foothills they love with up to 71 miles of mountain bike and hiking trails.</p>
<p>The two volunteered this year for a U.S. Forest Service working group to tackle surging trail demand and disappearing public access to hills studded with piñon and juniper trees after a post-pandemic, "Zoom boom" wave of new residents and second-home-owners.</p>
<p>That put the neighbors on the frontline of a culture war raging across the West as multi-generational families, conservationists and sometimes conservatives fight trail systems sought by incomers and recreationist locals. Opponents say the trails will harm water supply and wildlife, raise wildfire risk and stoke gentrification.</p>
<p>Two bike trail projects have been nixed in as many months on public land in <a href="https://www.singletracks.com/mtb-trails/major-proposed-oregon-mountain-bike-network-withdrawn-from-consideration/" target="_blank">Oregon</a> and <a href="https://www.singletracks.com/mtb-trails/forest-service-cancels-proposed-40-mile-mtb-network-in-southwest-colorado/" target="_blank">Colorado</a>. The Taos process has split the mountain resort town of 6,600.</p>
<p>Bucking hay bales off his fields irrigated with foothills water, Arguello said he and other "locals" on the group last month dropped out of the process and withdrew their trail proposals - which had exclusion zones for elk areas and cultural heritage sites. The locals did not want to be seen as advocating any trails because of opposition from their community, he said. That left mainly proposals from pro-trails residents on the table.</p>
<p>"This is an assault on our watershed," said Arguello, 67, who fears an international mountain-bike destination is in the making, rather than trail proponents' vision of a phased plan to increase community livability over 15-20 years.</p>
<p>As the sun was rising over Taos Mountain, Bushnell biked near upmarket homes bordering the national forest where owners have built fences and gates in the last two years to <a href="https://www.taosnews.com/news/local-news/outward-link-trail-dispute-lands-in-court/article_aafed1c6-763e-514e-aec5-5594a086ce19.html" target="_blank">block</a> entrance.
"This community is losing its public access to its own public lands," said Bushnell, 41, who grew up biking on trails built in Bend, Oregon as that city boomed.</p>
<p>Across the United States, Americans are moving to places with trees and trails, many working remotely.</p>
<p>Trail use on public land has as much as tripled since the start of the pandemic, according to Carl Colonius, head of New Mexico's <a href="https://www.nmoutside.com/ord-team" target="_blank">Outdoor Recreation Division</a>, who pioneered a <a href="https://enchantedcircletrails.org/development/talpa-ridge/" target="_blank">plan</a> for managing demand on Taos' Talpa foothills.</p>
<p>Studies by the Headwaters Economics think tank say trails <a href="https://headwaterseconomics.org/wp-content/uploads/trails-library-overview.pdf" target="_blank">attract</a> new residents and entrepreneurs, boosting public health and tax income, but <a href="https://headwaterseconomics.org/outdoor-recreation/amenity-trap/" target="_blank">the influx</a> can lead to less affordable housing and force out long-time residents unless economies diversify.</p>
<p>In Taos' tourism-dependent county, known for its blend of <a href="https://whc.unesco.org/en/list/492/" target="_blank">Indigenous</a>, <a href="http://www.laplaza.org/comm/about_taos/history/spanish_colonial.php3" target="_blank">Hispano</a> and Anglo cultures, the average price of a condo increased 69 percent since 2019 to $327,000, according to <a href="https://www.zillow.com/home-values/54659/taos-nm/" target="_blank">Zillow</a>. Under five percent of working households can <a href="https://digitalrepository.unm.edu/bber/60/" target="_blank">afford</a> the median home price in a county where the largest <a href="https://usafacts.org/data/topics/people-society/population-and-demographics/our-changing-population/state/new-mexico/county/taos-county/" target="_blank">income bracket</a> is households earning under $15,000 a year, studies have shown.</p>
<p>The group hardest hit has been Hispanos such as Arguello - the descendants of colonial settlers - whose share of the county population has fallen around 20 percentage points in the last two decades from over half to about a third, according to <a href="https://www.taoscounty.org/DocumentCenter/View/627/2017-Taos-County-Comprehensive-Plan-Update" target="_blank">census data</a>.</p>
<p>Darryl Maestas says newcomers show a sense of entitlement when they propose carving a network of trails where Puebloan Indians and members of a Catholic religious brotherhood have held ceremonies over the centuries.</p>
<p>"Either the other side doesn't get it, or they don't care and just want it all anyway," said Maestas, a farmer who returned to family land after three decades working from South Korea to Afghanistan as an aircraft mechanic for the U.S. military.</p>
<p>The imposing area was first taken from Native Americans by Hispanos, turned into common land by Spanish land grants, then occupied by the USFS in the late 1960s after being clear cut by a timber company.</p>
<p>Homemaker Emily Matheu moved to Taos from Oakland, California four years ago and has advocated for trails.</p>
<p>"I was told on the mamas group Taos doesn't need any more people here like me, people that move here from California and buy a condo and use the outdoors as their personal gym," said Matheu, 43, referring to a Facebook page for mothers.</p>
<p>USFS District Ranger Michael Lujan said he would continue community engagement on the foothills over user conflicts and forest damage on their 43 miles of informal trails.</p>
<span>Reporting By Andrew Hay; Editing by Donna Bryson and Alistair Bell</span>
]]></description>
<pubDate>Fri, 07 Jul 2023 11:20:22 GMT</pubDate>
<guid isPermaLink="false">https://www.reuters.com/world/us/new-mexico-trail-clash-echoes-culture-war-across-us-west-2023-07-07/</guid>
<link>https://www.reuters.com/world/us/new-mexico-trail-clash-echoes-culture-war-across-us-west-2023-07-07/</link>
<author><![CDATA[Andrew Hay]]></author>
<category>ENVIRONMENT</category>
<category>USA/WEST (PIX)</category>
</item>
<item>
<title><![CDATA[No one from Wagner has visited barracks offered by Belarus, ministry adviser says]]></title>
<description><![CDATA[<figure><img src="https://www.reuters.com/resizer/1cx4JQvwxtWPzFGaLu6yDiFKY_g=/1080x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/5DKKNZ2AWJMOTI3K7QVNSVA4MM.jpg" alt="A tent camp at a disused military base near the Belarusian village of Tsel" referrerpolicy="no-referrer">
<figcaption>A view shows a tent camp, which, according to the Belarusian Defence Ministry, was set up for exercises at a disused military base near the village of Tsel in the Asipovichy District, Belarus July 7, 2023. REUTERS/Maxim Shemetov</figcaption>
</figure>
<figure><img src="https://www.reuters.com/resizer/9aLgIb129Veqb7firdhf9TC3E5g=/1080x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/ZAFPSMAMZJJPPO26KU7E5UTAD4.jpg" alt="A tent camp at a disused military base near the Belarusian village of Tsel" referrerpolicy="no-referrer">
<figcaption>A view shows trash bins in a tent camp, which, according to the Belarusian Defence Ministry, was set up for exercises at a disused military base near the village of Tsel in the Asipovichy District, Belarus July 7, 2023. REUTERS/Maxim Shemetov</figcaption>
</figure>
<figure><img src="https://www.reuters.com/resizer/IYv48Ga4vY_OEExTVA9pFo-NQco=/1080x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/PFZZSLT74ZJGTHXR2RADKQP6CA.jpg" alt="A tent camp at a disused military base near the Belarusian village of Tsel" referrerpolicy="no-referrer">
<figcaption>A view shows a tent camp, which, according to the Belarusian Defence Ministry, was set up for exercises at a disused military base near the village of Tsel in the Asipovichy District, Belarus July 7, 2023. REUTERS/Maxim Shemetov</figcaption>
</figure>
<p>No one from the Russian Wagner mercenary group has yet visited a disused military camp that Belarusian President Alexander Lukashenko has offered for Wagner's use, an adviser to the Belarus defence minister told reporters on Friday.</p>
<p>Under the terms of an agreement brokered by Lukashenko to end an armed mutiny by Wagner last month, its leader Yevgeny Prigozhin was supposed to move to Belarus along with those of his fighters who did not wish to sign up with the Russian Defence Ministry.</p>
<p>But the deal does not seem to be playing out on those lines.</p>
<p>Asked if Wagner had come to look at the site, the adviser, Leonid Kasinsky, said: "They have not come, they have not looked."</p>
<p>Lukashenko said on Thursday that Prigozhin was <a href="https://www.reuters.com/world/europe/belarus-leader-lukashenko-says-prigozhin-is-back-russia-2023-07-06/">in Russia</a> with thousands of fighters, and that the question of their relocation had yet to be settled.</p>
<p>He said Wagner's fighters were still at the permanent camps where they had been located since they left the front, and that he expected to discuss the matter in a call with Russian President Vladimir Putin.</p>
<p>Lukashenko said Belarus had offered Wagner the disused Soviet-era military quarters near Tsel, but added that "Wagner has a different vision for deployment", on which he declined to elaborate.</p>
<p>Kasinsky said around 300 tents at the camp had been put up for an exercise, and were not connected to Wagner.</p>
<span>Reporting by Guy Faulconbridge; Writing by Kevin Liffey; Editing by Mark Trevelyan</span>
]]></description>
<pubDate>Fri, 07 Jul 2023 10:57:32 GMT</pubDate>
<guid isPermaLink="false">https://www.reuters.com/world/europe/no-one-wagner-has-visited-barracks-offered-by-belarus-ministry-adviser-says-2023-07-07/</guid>
<link>https://www.reuters.com/world/europe/no-one-wagner-has-visited-barracks-offered-by-belarus-ministry-adviser-says-2023-07-07/</link>
<author><![CDATA[Reuters]]></author>
<category>RUSSIA</category>
<category>BELARUS/WAGNER (UPDATE 1, PIX, TV)</category>
</item>
<item>
<title><![CDATA[China's Alibaba and Huawei add products to AI frenzy]]></title>
<description><
|
Which RSS reader has extreme lags when scrolling unoptimized thumbnails? |
|
@TonyRL fluent reader as for my experience. |
TonyRL
reviewed
Jul 7, 2023
|
@TonyRL Done. |
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<lastBuildDate>Sat, 08 Jul 2023 03:26:13 GMT</lastBuildDate>
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<item>
<title><![CDATA[Ant's share repurchase plan values firm around $79 bln, down sharply before crackdown]]></title>
<description><![CDATA[<figure><img src="https://www.reuters.com/resizer/a-vKErVAB5aOHmSJHZoKGRWJe5c=/1920x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/OBPCGR2U25OLXEGGJD4UMIK2IM.jpg" alt="Ant Group sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai" referrerpolicy="no-referrer">
<figcaption>Ant Group sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File Photo</figcaption>
</figure>
<p>Ant Group on Saturday announced a share repurchase plan that values the fintech giant at 567.1 billion yuan ($78.54 billion), as the management seeks to replenish its staff incentive pool and let some investors exit after a regulatory overhaul of the firm.</p>
<p>It marked a sharp fall in the $300 billion-plus value ascribed to the company in mid-2020, before its IPO planned for later that year was pulled.</p>
<p>Ant said it had proposed to all of its shareholders to repurchase up to 7.6% of its equity interest at a price that represents a group valuation of approximately 567.1 billion yuan.</p>
<p>"The repurchased shares will be transferred into Ant Group's employee incentive plans to attract talents. The repurchase proposal will also provide a liquidity option for the company’s investors," it said.</p>
<p>Ant's major shareholders, Hangzhou Junhan Equity Investment Partnership and Hangzhou Junao Equity Investment Partnership, have voluntarily decided not to participate in the repurchase, the company added.</p>
<p>"The buyback price is higher than the valuations made by many institutions internally...so I believed that some institutions will choose to participate in the buyback," said Hanyang Wang, an analyst at 86Research.</p>
<p>"At the same time, initiating a stock buyback also indirectly informs investors that the possibility of a short-term IPO recovery is unlikely."</p>
<p>China's central bank said on Friday that financial regulators <a href="https://www.reuters.com/technology/china-end-ant-groups-regulatory-revamp-with-fine-least-11-bln-sources-2023-07-07/">would fine</a> Ant and its subsidiaries a total of 7.12 billion yuan in a move that marked the end to a years-long regulatory overhaul of the fintech company and a key step to concluding a crackdown on the country's internet sector.</p>
<p>Ant's penalty is seen to pave the way for the fintech firm to secure a financial holding company license, focus on bolstering growth, and eventually, revive its plans for a stock market listing.</p>
<p>Founded by billionaire Jack Ma, Ant operates China's ubiquitous mobile payment app Alipay as well as consumer lending and insurance products distribution businesses among others.</p>
<p>Ant in April 2021 embarked on a sweeping business restructuring, which included turning itself into a financial holding company that would subject it to rules and capital requirements similar to those for banks.</p>
<p>For the broader technology sector, Ant's fine marks a key step towards the conclusion of China's bruising crackdown on private enterprises, which began with the scrapping of Ant's IPO in late 2020 and subsequently wiped billions off the market value of several companies.</p>
<p>On Friday, Chinese authorities also announced fines against two Chinese banks, an insurer, and Tencent Holdings' <a href="https://www.reuters.com/markets/companies/0700.HK" target="_blank">(0700.HK)</a> online payment platform Tenpay.</p>
<p>The People's Bank of China (PBOC) said that most of the prominent problems for platform companies' financial businesses have been rectified and that regulators would now shift from focusing on specific firms to the overall regulation of the industry.</p>
<p>($1 = 7.2205 Chinese yuan renminbi)</p>
<span>Reporting by Brenda Goh and Zhang Yan in Shanghai; Josh Ye in Hong Kong
Editing by Shri Navaratnam</span>
]]></description>
<pubDate>Sat, 08 Jul 2023 03:11:33 GMT</pubDate>
<guid isPermaLink="false">https://www.reuters.com/technology/ants-share-repurchase-plan-values-firm-nearly-79-bln-2023-07-08/</guid>
<link>https://www.reuters.com/technology/ants-share-repurchase-plan-values-firm-nearly-79-bln-2023-07-08/</link>
<author><![CDATA[Reuters]]></author>
<category>CHINA</category>
<category>ANT/ (UPDATE 3,PIX)</category>
</item>
<item>
<title><![CDATA[US to send Ukraine cluster munitions, NATO makes membership pledge]]></title>
<description><![CDATA[Summary:
<ul>
<li>Cluster bombs part of $800 million US military aid package</li>
<li>Ukraine's Zelenskiy visits NATO member capitals before summit</li>
<li>UN aid chief says Russia shouldn't 'chuck away' grains deal</li>
</ul>
<figure><img src="https://www.reuters.com/resizer/eqHDlAgU4OYu3e092ssB9TU4Av4=/1920x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/HTUZVORNXFLOFAWFORMEANQHOQ.jpg" alt="Ukrainian military displays parts of rockets used by Russian army in the region of Kharkiv" referrerpolicy="no-referrer">
<figcaption>Ukrainian military serviceman Igor Ovcharruck holds a defused cluster bomb from an MSLR missile, among a display of pieces of rockets used by Russian army, that a Ukrainian munitions expert said did not explode on impact, in the region of Kharkiv, Ukraine, October 21, 2022. REUTERS/Clodagh Kilcoyne/File Photo</figcaption>
</figure>
<p>The United States announced on Friday that it would supply Ukraine with <a href="https://www.reuters.com/world/us-cluster-munitions-ukraine-expected-fridays-800m-aid-package-2023-07-07/">widely banned cluster munitions</a> for its counteroffensive against occupying Russian forces, and NATO's leader said the military alliance would unite at a summit next week on how to bring Ukraine closer to joining.</p>
<p>Rights groups and the United Nations secretary-general questioned Washington's decision on the munitions, part of an $800 million security package that brings total U.S. military aid to more than $40 billion since Russia's February 2022 invasion of Ukraine.</p>
<p>Russian President Vladimir Putin, who describes the conflict as a "special military operation" to protect Russian security, has said the U.S. and its allies were fighting an expanding proxy war.</p>
<p>The cluster munitions "will deliver in a time frame that is relevant for the counteroffensive," a Pentagon official told reporters.</p>
<p>Cluster munitions are prohibited by more than 100 countries.Russia, Ukraine and the United States have not signed on to the <a href="https://www.clusterconvention.org/" target="_blank">Convention on Cluster Munitions</a>, which bans production, stockpiling, use and transfer of the weapons.</p>
<p>They typically release large numbers of smaller bomblets that can kill indiscriminately over a wide area. Those that fail to explode pose a danger for decades after a conflict ends.</p>
<p>"Ukraine has provided written assurances that it is going to use these in a very careful way" to minimize risks to civilians, White House national security adviser Jake Sullivan said.</p>
<p>U.S. President Joe Biden described the decision on cluster bombs as difficult <a href="https://www.reuters.com/world/us/biden-says-decision-provide-cluster-munitions-ukraine-was-difficult-cnn-2023-07-07/">but said Ukraine needed them</a>.</p>
<h1>BOTH SIDES SHOULD STOP USING CLUSTER BOMBS -HRW</h1>
<p>Human Rights Watch <a href="https://www.reuters.com/world/europe/ukraine-russia-should-stop-using-cluster-bombs-human-rights-watch-says-2023-07-06/">has accused Russian and Ukrainian forces</a> of using cluster munitions, which have killed civilians.</p>
<p>Russian Ambassador to the United States Anatoly Antonov criticized the transfer of these weapons to Ukraine by the U.S.</p>
<p>"The cruelty and cynicism with which Washington has approached the issue of transferring lethal weapons to Kyiv is striking," TASS news agency on Friday quoted Antonov as saying.</p>
<p>"Now, by the fault of the US, there will be a risk for many years that innocent civilians will be blown up by submunitions that have failed."</p>
<p>Ukraine says it has taken back some villages in southern Ukraine since the counteroffensive began in early June, but that it lacks the firepower and air cover <a href="https://www.reuters.com/world/europe/ukraine-reports-new-advances-near-eastern-city-bakhmut-2023-07-07/">to make faster progress</a>.</p>
<p>Reuters could not independently verify the battlefield situation.</p>
<p>"It's too early to judge how the counteroffensive is going one way or the other because we're at the beginning of the middle," Colin Kahl, the U.S. under secretary of defense for policy, told reporters.</p>
<h1>ZELENSKIY TOURS NATO COUNTRIES</h1>
<p>Ukrainian President Volodymyr Zelenskiy visited the Czech Republic, Slovakia and Turkey a day after talks in Bulgaria <a href="https://www.reuters.com/world/europe/ukraines-zelenskiy-wins-czech-backing-tour-win-support-nato-bid-2023-07-07/">to drum up support for NATO membership</a> before the alliance's July 11-12 summit.</p>
<p>Turkey's President Tayyip Erdogan said after meeting Zelenskiy that Ukraine deserved NATO membership and that Ankara would continue working on a negotiated end to the war.</p>
<p>In Prague, Zelenskiy won a pledge of support for Ukraine to join NATO "as soon as the war is over", and in Sofia secured backing for membership "as soon as conditions allow."</p>
<p>North Atlantic Treaty Organization Secretary-General Jens Stoltenberg reaffirmed his view that Ukraine would become a member.</p>
<p>"Our summit will send a clear message: NATO stands united, and Russia's aggression will not pay," Stoltenberg said at a news conference in Brussels.</p>
<p>It remained unclear, however, what Ukraine will be offered next week at the summit in Vilnius, the Lithuanian capital. The alliance is divided over how fast Ukraine should move towards membership, and some countries are wary of any step that might take NATO closer to war with Russia.</p>
<p>Biden, in an excerpt of a CNN interview that aired on Friday, underscored the point. "I don't think there is unanimity in NATO" about Ukraine joining now, he said.</p>
<p>Zelenskiy has acknowledged that Kyiv is unlikely to be able to join NATO while at war with Russia. Putin has threatened unspecified action if Ukraine joins NATO.</p>
<h1>UN WARNS RUSSIA ON GRAINS DEAL</h1>
<p>At the United Nations, aid chief Martin Griffiths warned Russia that it <a href="https://www.reuters.com/world/europe/un-aid-chief-russia-dont-chuck-away-black-sea-grain-deal-2023-07-07/">should not "chuck away" an agreement</a> it made a year ago on the safe wartime passage of agricultural exports, known as the Black Sea Grain Initiative.</p>
<p>If Russia does not agree to extend the deal that allows export of grain and fertilizer from Ukrainian ports, it is unlikely Western states will continue cooperating with U.N. officials helping Moscow with its exports, Griffiths told reporters.</p>
<p>Russia has <a href="https://www.reuters.com/world/europe/what-is-russias-problem-with-black-sea-grain-deal-2023-06-16/">threatened to quit</a> the deal, which expires on July 17, because several demands to export its own grain and fertilizer have not been met. The last three ships traveling under the deal are loading cargoes at the Ukrainian port of Odesa and are likely to depart on Monday.</p>
<p>The United Nations and Turkey brokered the deal with Russia and Ukraine in July 2022 to help tackle a global food crisis worsened by Moscow's invasion of its neighbor and blockade of Ukrainian Black Sea ports.</p>
<span>Reporting by Robert Muller and Jason Hovet in Prague; Pavel Polityuk and Olena Harmash in Kyiv, Mike Stone, Phil Stewart and Idrees Ali in Washington and Michelle Nichols at the United Nations; writing by Grant McCool; editing by Diane Craft and David Gregorio</span>
]]></description>
<pubDate>Sat, 08 Jul 2023 03:00:45 GMT</pubDate>
<guid isPermaLink="false">https://www.reuters.com/world/us-send-ukraine-cluster-munitions-nato-makes-membership-pledge-2023-07-07/</guid>
<link>https://www.reuters.com/world/us-send-ukraine-cluster-munitions-nato-makes-membership-pledge-2023-07-07/</link>
<author><![CDATA[Reuters]]></author>
<category>UKRAINE</category>
<category>CRISIS/ (WRAPUP 2, PIX, TV)</category>
</item>
<item>
<title><![CDATA[US NTSB probes Boeing 737 MAX engine fire at Newark Airport]]></title>
<description><![CDATA[<figure><img src="https://www.reuters.com/resizer/Ci6qj5XA2XXpPiak0U_vZXSQ1Qo=/1920x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/QXIJSR5XDBLIJEJUM3S53K2HNU.jpg" alt="The Boeing logo is displayed on a screen, at the NYSE in New York" referrerpolicy="no-referrer">
<figcaption>The Boeing logo is displayed on a screen, at the New York Stock Exchange (NYSE) in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid/File Photo</figcaption>
</figure>
<p>The U.S. National Transportation Safety Board said on Friday it is investigating an engine fire last week on a Boeing <a href="https://www.reuters.com/markets/companies/BA.N" target="_blank">(BA.N)</a> 737-900 MAX plane operated by United Airlines <a href="https://www.reuters.com/markets/companies/UAL.O" target="_blank">(UAL.O)</a> at Newark Liberty International Airport in New Jersey.</p>
<p>The NTSB said a fire warning light indicator came on after United Airlines Flight 2376 from Fort Lauderdale, Florida landed at Newark on June 28, prompting the crew shut down one of the engines.</p>
<p>There was no visible smoke or fire from the engine so the airplane was towed to the gate, where maintenance personnel saw evidence of a fuel leak from the engine and heat damage and soot on the engine cases and external surfaces, the NTSB added.</p>
<p>Passengers exited from the plane in a normal fashion in Newark, according to the Federal Aviation Administration. The FAA said the plane landed after the flight crew activated the engine fire extinguishers as a precaution.</p>
<p>United said it is investigating but declined further comment. Boeing referred questions to the NTSB and United.</p>
<p>The plane was delivered in 2020 and the LEAP-1B engine was built by French-American jet engine maker CFM International, which is co-owned by General Electric <a href="https://www.reuters.com/markets/companies/GE.N" target="_blank">(GE.N)</a> and France's Safran <a href="https://www.reuters.com/markets/companies/SAF.PA" target="_blank">(SAF.PA)</a>. CFM said it "is supporting the NTSB’s investigation."</p>
<span>Reporting by Kanishka Singh and David Shepardson in Washington; Editing by Will Dunham, Leslie Adler anda Kim Coghill</span>
]]></description>
<pubDate>Sat, 08 Jul 2023 02:59:14 GMT</pubDate>
<guid isPermaLink="false">https://www.reuters.com/world/us/us-ntsb-probes-engine-fire-737-max-newark-airport-2023-07-07/</guid>
<link>https://www.reuters.com/world/us/us-ntsb-probes-engine-fire-737-max-newark-airport-2023-07-07/</link>
<author><![CDATA[David Shepardson]]></author>
<category>NTSB</category>
<category>PROBE/BOEING</category>
<category>UNITED ARLNS (UPDATE 2, PIX)</category>
</item>
<item>
<title><![CDATA[Two dead, output impacted after fire engulfs Mexican oil platform]]></title>
<description><![CDATA[<figure><img src="https://www.reuters.com/resizer/GedifkwlRSr2N6WPTu5xZVmN1zM=/1600x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/4XMHGEWP7VP2DEZZNX3MXDQCTA.jpg" alt="Fire engulfs Mexican state oil company Pemex's offshore platform in the Gulf of Mexico" referrerpolicy="no-referrer">
<figcaption>Boats spray water onto an offshore oil platform that caught fire at the Pemex's Cantarell Field, in the Bay of Campeche, Gulf of Mexico, Mexico July 7, 2023. Courtesy Petroleos Mexicanos (PEMEX) @Pemex/Handout via </figcaption>
</figure>
<figure><img src="https://www.reuters.com/resizer/exfUE3D0LzlvmHxfXtoPZf7bu2Y=/1600x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/ONXCSRIDIRNZFI5TI3D3W3OZMM.jpg" alt="Fire engulfs Mexican state oil company Pemex's offshore platform in the Gulf of Mexico" referrerpolicy="no-referrer">
<figcaption>Boats spray water onto an offshore oil platform that caught fire at the Pemex's Cantarell Field, in the Bay of Campeche, Mexico July 7, 2023. Courtesy Petroleos Mexicanos (PEMEX) @Pemex/Handout via REUTERS </figcaption>
</figure>
<figure><img src="https://www.reuters.com/resizer/jwZpcTgUdxNnUU3rt33oH9lHDE4=/1556x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/NKZBNCGP4ROURJIJ5DOAQJAXWI.jpg" alt="Fire engulfs Mexican state oil company Pemex's offshore platform in the Gulf of Mexico" referrerpolicy="no-referrer">
<figcaption>Chief Executive Officer of Pemex Octavio Romero listens to a person as he visits the offshore oil platform that caught fire at Pemex's Cantarell Field, in the Bay of Campeche, Gulf of Mexico, Mexico July 7, 2023. Courtesy Petroleos Mexicanos (PEMEX) @Pemex/Handout via REUTERS </figcaption>
</figure>
<figure><img src="https://www.reuters.com/resizer/kc6apEP5zTwtJCY1nbFXNWmuwdI=/1920x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/SSU56BIKIVMNJMFXYHDTYSAFMQ.jpg" alt="PEMEX logo at the headqurters of the oil company in Mexico City" referrerpolicy="no-referrer">
<figcaption>The logo of Petroleos Mexicanos is seen at the headquarters of state-owned oil company Pemex in Mexico City, Mexico, March 7, 2023. REUTERS/Gustavo Graf/File Photo</figcaption>
</figure>
<p>Two workers died and another remained missing after a raging fire broke out early on Friday morning at an offshore platform run by Mexican state oil company Pemex just off the southern edge of the Gulf of Mexico.</p>
<p>In posts on Twitter, Pemex said it had accounted for all other workers and said oil production had taken a major hit from the blaze.</p>
<p>Video circulating on social media showed the massive platform and its tangle of pipelines engulfed in flames as nearby boats sought to douse the fire with hoses.</p>
<p>The platform operates in the company's Cantarell Field, once one of the world's most productive.</p>
<p>Earlier in the day, Pemex said six people had been injured in the fire, which it said started at the Nohoch-A platform and then spread to a compression platform.</p>
<p>It was not immediately clear on Friday evening whether the casualties were among the six injured.</p>
<p>Later on Friday, the company said oil production had been "impacted in a substantial way" due to the fire. Pemex did not offer further details on the impact on output.</p>
<p>"Our technicians are studying how to repair the pipelines, interconnections and other works to restore it," the company said in a separate post on Twitter.</p>
<p>Chief Executive Officer Octavio Romero referred to the impact in a video the company posted.</p>
<p>"We're going to keep looking for this person as our number one priority, as well as think about how we can reactivate activity in the area because Nohoch is very important," he said.</p>
<p>A Pemex statement Friday morning indicated that 321 of 328 people working on the sprawling platform had been successfully evacuated.</p>
<p>Over the past decade, Cantarell has seen its crude output slide significantly. But it is still responsible for around 170,000 barrels per day, according to company data.</p>
<p>The vast majority of Mexican oil production comes from nearby shallow water fields clustered around the Bay of Campeche in the southern Gulf, where Pemex has suffered a number of industrial accidents in recent years.</p>
<span>Reporting by Ana Isabel Martinez; Additional reporting by Stefanie Eschenbacher, Kylie Madry, Manuel Carrillo and Brendan O'Boyle; Editing by Isabel Woodford, David Gregorio and Rosalba O'Brien</span>
]]></description>
<pubDate>Sat, 08 Jul 2023 02:59:00 GMT</pubDate>
<guid isPermaLink="false">https://www.reuters.com/world/americas/fire-breaks-out-pemex-offshore-platform-cantarell-complex-source-2023-07-07/</guid>
<link>https://www.reuters.com/world/americas/fire-breaks-out-pemex-offshore-platform-cantarell-complex-source-2023-07-07/</link>
<author><![CDATA[Ana Martinez]]></author>
<category>MEXICO</category>
<category>PEMEX/FIRE (UPDATE 4, PIX)</category>
</item>
<item>
<title><![CDATA[California governor to stop fighting against parole for Manson follower]]></title>
<description><![CDATA[<figure><img src="https://www.reuters.com/resizer/6BamALtBnD6k5MV0MykPb1gWL1o=/1548x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/G7PML4DGLBNRVGZC6NJ7SRYDMA.jpg" alt="Leslie Van Houten listens during her parole hearing in Corona, California, June 28, 2002. A Californ.." referrerpolicy="no-referrer">
<figcaption>Leslie Van Houten listens during her parole hearing in Corona, California, June 28, 2002. A California state parole board said Van Houten, 52, who has spent 30 years in prison for one of the most shocking killing sprees in U.S. history, should not be paroled because of the "calculated pre-planned manner" of her crime./File Photo</figcaption>
</figure>
<figure><img src="https://www.reuters.com/resizer/B2JxIWn3hTH1N91RSNUTFQ-u2sA=/1920x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/E4DRWF5JPZMBJBTETMD6KEPY5Y.jpg" alt="Milken Institute Global Conference in Beverly Hills, California" referrerpolicy="no-referrer">
<figcaption>Gavin Newsom, Governor, State of California speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2023. REUTERS/Mike Blake/File Photo</figcaption>
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<p>California Governor Gavin Newsom on Friday announced he would give up trying to deny parole to one of Charles Manson's murderous "family" of followers, clearing the way to let Leslie Van Houten out of prison after more than 50 years.</p>
<p>In May a California appeals court overruled Newsom and found Van Houten, 73, was entitled to parole from her life sentence. The governor could have appealed the decision to the California Supreme Court.</p>
<p>"The governor is disappointed by the Court of Appeal's decision to release Ms. Van Houten, but will not pursue further action as efforts to further appeal are unlikely to succeed," Erin Mellon, the governor's communications director, said in a statement.</p>
<p>Van Houten's attorney, Nancy Tetreault, said she would be paroled in weeks, NBC News reported.</p>
<p>Van Houten was 19 when the murders were committed, making her the youngest of Manson's devotees. The parole board recommended her for early release five times since 2016, but she was denied three times by Newsom and twice by his predecessor, fellow Democrat Jerry Brown.</p>
<p>Manson died in prison in 2017 at age 83, having become one of the 20th Century's most notorious criminals for directing a killing spree that terrorized Los Angeles in the summer of 1969.</p>
<p>Manson directed his mostly young and female followers to murder seven people, including actress Sharon Tate, in August 1969 in what prosecutors said was part of a plan to incite a race war.</p>
<p>Van Houten was convicted of fatally stabbing grocery owner Leno LaBianca and his wife, Rosemary, in their Los Angeles home on Aug. 10, 1969. The words "Death to Pigs" and "Healter Skelter" - a misspelled reference to a Beatles song - were found scrawled in the victims' blood on the walls and refrigerator.</p>
<p>The previous night, members of Manson's cult broke into the Los Angeles hillside home that Tate shared with her husband, filmmaker Roman Polanski, who was away in Europe at the time.</p>
<p>Tate, who was 26 and eight months pregnant, was slain along with four friends of the celebrity couple, including coffee heiress Abigail Folger and hairstylist Jay Sebring.</p>
<span>Reporting Daniel Trotta in Carlsbad, California; Editing by Kim Coghill</span>
]]></description>
<pubDate>Sat, 08 Jul 2023 02:17:29 GMT</pubDate>
<guid isPermaLink="false">https://www.reuters.com/world/us/california-governor-stop-fighting-against-parole-manson-follower-2023-07-08/</guid>
<link>https://www.reuters.com/world/us/california-governor-stop-fighting-against-parole-manson-follower-2023-07-08/</link>
<author><![CDATA[Daniel Trotta]]></author>
<category>USA</category>
<category>CRIME/MANSON (PIX)</category>
</item>
<item>
<title><![CDATA[New Mexico trail clash echoes culture war across US West]]></title>
<description><![CDATA[<figure><img src="https://www.reuters.com/resizer/Q-uTHlG8DcS1jmnyuWPbyJMWl14=/1920x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/IDNKVVZ75FOKJHCH2OKIPOVKDI.jpg" alt="New Mexico trails clash echoes culture war across U.S. West" referrerpolicy="no-referrer">
<figcaption>Spencer Bushnell, a mountain biker, rides in front of foothills, where the U.S. Forest Service is facing rising demand for trails and access to the national forest, in Taos, New Mexico, U.S., June 27, 2023. REUTERS/Andrew Hay</figcaption>
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<figure><img src="https://www.reuters.com/resizer/pUyubmcL7Kl6BeuOfgkryoEpUjw=/1920x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/WLCYR5NX2FKLTDYB33K73MFB4M.jpg" alt="New Mexico trails clash echoes culture war across U.S. West" referrerpolicy="no-referrer">
<figcaption>Farmer John MacArthur irrigates his fields using water from a channel running off an 'acequia' irrigation system, in Talpa, near Taos, New Mexico, U.S., June 27, 2023. REUTERS/Andrew Hay</figcaption>
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<figure><img src="https://www.reuters.com/resizer/-MVddOwIF4k2J4kmiYpZStsvd8Q=/1920x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/YGQGN3WONBOY7OEGXMQM4RAPMA.jpg" alt="New Mexico trails clash echoes culture war across U.S. West" referrerpolicy="no-referrer">
<figcaption>Carlos Arguello, a farmer, loads bales in his field irrigated with the water from foothills in Taos, New Mexico, U.S., June 25, 2023 in this screengrab from a video. REUTERS/Andrew Hay</figcaption>
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<figure><img src="https://www.reuters.com/resizer/L9zaNL0zRpIyHJfAmPjWnU2mu2s=/1920x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/O4YARXLQIROGBMT5JSJUXTVKTU.jpg" alt="New Mexico trails clash echoes culture war across U.S. West" referrerpolicy="no-referrer">
<figcaption>Farmer Darryl Maestas cuts a hay field in Talpa, near Taos, New Mexico, U.S., June 25, 2023. REUTERS/Andrew Hay</figcaption>
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<figure><img src="https://www.reuters.com/resizer/QK_2B1UUanMyytaOfdRpyJTNSIE=/1902x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/PDIZOQH4K5OVDKBH4FUCKWF634.jpg" alt="New Mexico trails clash echoes culture war across U.S. West" referrerpolicy="no-referrer">
<figcaption>Trail runner and community volunteer Emily Matheu sits in the back of her car at a meet up of mountain bikers at Horsethief Mesa, north of Taos, New Mexico, U.S., June 28, 2023 in this screengrab from a video. REUTERS/Andrew Hay</figcaption>
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<p>Physiotherapist Spencer Bushnell lives less than a mile from farmer Carlos Arguello in Taos, New Mexico. But they are worlds apart on proposals to lace the foothills they love with up to 71 miles of mountain bike and hiking trails.</p>
<p>The two volunteered this year for a U.S. Forest Service working group to tackle surging trail demand and disappearing public access to hills studded with piñon and juniper trees after a post-pandemic, "Zoom boom" wave of new residents and second-home-owners.</p>
<p>That put the neighbors on the frontline of a culture war raging across the West as multi-generational families, conservationists and sometimes conservatives fight trail systems sought by incomers and recreationist locals. Opponents say the trails will harm water supply and wildlife, raise wildfire risk and stoke gentrification.</p>
<p>Two bike trail projects have been nixed in as many months on public land in <a href="https://www.singletracks.com/mtb-trails/major-proposed-oregon-mountain-bike-network-withdrawn-from-consideration/" target="_blank">Oregon</a> and <a href="https://www.singletracks.com/mtb-trails/forest-service-cancels-proposed-40-mile-mtb-network-in-southwest-colorado/" target="_blank">Colorado</a>. The Taos process has split the mountain resort town of 6,600.</p>
<p>Bucking hay bales off his fields irrigated with foothills water, Arguello said he and other "locals" on the group last month dropped out of the process and withdrew their trail proposals - which had exclusion zones for elk areas and cultural heritage sites. The locals did not want to be seen as advocating any trails because of opposition from their community, he said. That left mainly proposals from pro-trails residents on the table.</p>
<p>"This is an assault on our watershed," said Arguello, 67, who fears an international mountain-bike destination is in the making, rather than trail proponents' vision of a phased plan to increase community livability over 15-20 years.</p>
<p>As the sun was rising over Taos Mountain, Bushnell biked near upmarket homes bordering the national forest where owners have built fences and gates in the last two years to <a href="https://www.taosnews.com/news/local-news/outward-link-trail-dispute-lands-in-court/article_aafed1c6-763e-514e-aec5-5594a086ce19.html" target="_blank">block</a> entrance.
"This community is losing its public access to its own public lands," said Bushnell, 41, who grew up biking on trails built in Bend, Oregon as that city boomed.</p>
<p>Across the United States, Americans are moving to places with trees and trails, many working remotely.</p>
<p>Trail use on public land has as much as tripled since the start of the pandemic, according to Carl Colonius, planner for New Mexico's <a href="https://www.nmoutside.com/ord-team" target="_blank">Outdoor Recreation Division</a>, who pioneered a <a href="https://enchantedcircletrails.org/development/talpa-ridge/" target="_blank">plan</a> for managing demand on Taos' Talpa foothills.</p>
<p>Studies by the Headwaters Economics think tank say trails <a href="https://headwaterseconomics.org/wp-content/uploads/trails-library-overview.pdf" target="_blank">attract</a> new residents and entrepreneurs, boosting public health and tax income, but <a href="https://headwaterseconomics.org/outdoor-recreation/amenity-trap/" target="_blank">the influx</a> can lead to less affordable housing and force out long-time residents unless economies diversify.</p>
<p>In Taos' tourism-dependent county, known for its blend of <a href="https://whc.unesco.org/en/list/492/" target="_blank">Indigenous</a>, <a href="http://www.laplaza.org/comm/about_taos/history/spanish_colonial.php3" target="_blank">Hispano</a> and Anglo cultures, the average price of a condo increased 69 percent since 2019 to $327,000, according to <a href="https://www.zillow.com/home-values/54659/taos-nm/" target="_blank">Zillow</a>. Under five percent of working households can <a href="https://digitalrepository.unm.edu/bber/60/" target="_blank">afford</a> the median home price in a county where the largest <a href="https://usafacts.org/data/topics/people-society/population-and-demographics/our-changing-population/state/new-mexico/county/taos-county/" target="_blank">income bracket</a> is households earning under $15,000 a year, studies have shown.</p>
<p>The group hardest hit has been Hispanos such as Arguello - the descendants of colonial settlers - whose share of the county population has fallen around 20 percentage points in the last two decades from over half to about a third, according to <a href="https://www.taoscounty.org/DocumentCenter/View/627/2017-Taos-County-Comprehensive-Plan-Update" target="_blank">census data</a>.</p>
<p>Darryl Maestas says newcomers show a sense of entitlement when they propose carving a network of trails where Puebloan Indians and members of a Catholic religious brotherhood have held ceremonies over the centuries.</p>
<p>"Either the other side doesn't get it, or they don't care and just want it all anyway," said Maestas, a farmer who returned to family land after three decades working from South Korea to Afghanistan as an aircraft mechanic for the U.S. military.</p>
<p>The imposing area was first taken from Native Americans by Hispanos, turned into common land by Spanish land grants, then occupied by the USFS in the late 1960s after being clear cut by a timber company.</p>
<p>Homemaker Emily Matheu moved to Taos from Oakland, California four years ago and has advocated for trails.</p>
<p>"I was told on the mamas group Taos doesn't need any more people here like me, people that move here from California and buy a condo and use the outdoors as their personal gym," said Matheu, 43, referring to a Facebook page for mothers.</p>
<p>USFS District Ranger Michael Lujan said he would continue community engagement on the foothills over user conflicts and forest damage on their 43 miles of informal trails.</p>
<span>Reporting By Andrew Hay; Editing by Donna Bryson and Alistair Bell</span>
]]></description>
<pubDate>Sat, 08 Jul 2023 01:03:52 GMT</pubDate>
<guid isPermaLink="false">https://www.reuters.com/world/us/new-mexico-trail-clash-echoes-culture-war-across-us-west-2023-07-07/</guid>
<link>https://www.reuters.com/world/us/new-mexico-trail-clash-echoes-culture-war-across-us-west-2023-07-07/</link>
<author><![CDATA[Andrew Hay]]></author>
<category>ENVIRONMENT</category>
<category>USA/WEST (CORRECTED, PIX)</category>
</item>
<item>
<title><![CDATA[Honduras probes Chinese interest in investing in $20 billion rail line]]></title>
<description><![CDATA[<figure><img src="https://www.reuters.com/resizer/9aVnN2y4Cc255uL2c5Jph4RYrEo=/1600x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/K5NTQ3NZVJL5BCM4N3C7SPKQSI.jpg" alt="Honduras proposes $20 bln cross-country train line in China meeting" referrerpolicy="no-referrer">
<figcaption>Chinese Vice Minister of Commerce Wang Shouwen talks with Melvin Redondo, Vice Minister of Economic Development of Honduras after arrival at the Palmerola International Airport in Comayagua, Honduras in this photo released on July 7, 2023 and distributed by Foreign Ministry of Honduras/Handout via REUTERS </figcaption>
</figure>
<figure><img src="https://www.reuters.com/resizer/xtsJsLrprRehYwZplESqdpPgJSI=/1600x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/MFOPCW5RQ5OTRKA3J3T4WTYXUY.jpg" alt="Honduras proposes $20 bln cross-country train line in China meeting" referrerpolicy="no-referrer">
<figcaption>Chinese Vice Minister of Commerce Wang Shouwen shakes hands with Melvin Redondo, Vice Minister of Economic Development of Honduras after Shouwen arrival at the Palmerola International Airport in Comayagua, Honduras in this photo released on July 7, 2023 and distributed by Foreign Ministry of Honduras/Handout via REUTERS </figcaption>
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<figure><img src="https://www.reuters.com/resizer/G7GQ3jJcH_ihoNcUlIq1E96HZuM=/1600x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/XBWCV5OJBZKD5MQGRQY46J6QR4.jpg" alt="Honduras proposes $20 bln cross-country train line in China meeting" referrerpolicy="no-referrer">
<figcaption>Chinese Vice Minister of Commerce Wang Shouwen talks with Melvin Redondo, Vice Minister of Economic Development of Honduras after arrival at the Palmerola International Airport in Comayagua, Honduras in this photo released on July 7, 2023 and distributed by Foreign Ministry of Honduras/Handout via REUTERS </figcaption>
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<p>The Honduran government on Friday told Chinese officials it is seeking investors to help fund construction of a proposed $20 billion rail line connecting the country's Atlantic and Pacific coasts, part of a binational trade and investment push.</p>
<p>Honduras and China have been negotiating a first-ever free trade pact linking their economies. Fredy Cerrato, the Honduran economic development minister, told reporters officials from both countries also discussed infrastructure projects relating to dams and power generation.</p>
<p>"We presented (Chinese officials) with the projects that Honduras is interested in getting financed, that are vital for the development of our country," said Cerrato.</p>
<p>"We're talking about building dams, the construction of an transoceanic train that also has to do with our electric generation system," said Cerrato.</p>
<p>He added that officials in China, the world's second largest economy, have shown interest in projects developed using both public and private funds.</p>
<p>The minister added that proposed train line could be ready in about 15 years.</p>
<p>Honduras and the Asian giant launched diplomatic relations in March, after the Central American nation ditched its longstanding ties with Taiwan in favor of mainland China and its economic leverage.</p>
<span>Reporting by Gustavo Palencia; Writing by Kylie Madry; Editing by Isabel Woodford and David Gregorio</span>
]]></description>
<pubDate>Sat, 08 Jul 2023 00:58:03 GMT</pubDate>
<guid isPermaLink="false">https://www.reuters.com/world/americas/honduras-probes-chinese-interest-investing-20-bln-rail-line-2023-07-07/</guid>
<link>https://www.reuters.com/world/americas/honduras-probes-chinese-interest-investing-20-bln-rail-line-2023-07-07/</link>
<author><![CDATA[Reuters]]></author>
<category>HONDURAS</category>
<category>CHINA/ (UPDATE 1, PIX)</category>
</item>
<item>
<title><![CDATA[Wall Street ends choppy day lower after jobs data]]></title>
<description><![CDATA[Summary:
<ul>
<li>US job growth slows; wage gains remain strong</li>
<li>Indexes end with weekly losses</li>
<li>Levi Strauss shares drop after co cuts outlook</li>
<li>Rivian shares rally after strong deliveries</li>
<li>Indexes down: Dow 0.55%, S&P 500 0.29%, Nasdaq 0.13%</li>
</ul>
<figure><img src="https://www.reuters.com/resizer/gC0NbFQtrBkuEA4dUIkfGV0HWqk=/1920x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/UQKNNAUXVRMIVMLKQU7GCLVHZE.jpg" alt="Traders work on the floor of the NYSE in New York" referrerpolicy="no-referrer">
<figcaption>Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 7, 2023. REUTERS/Brendan McDermid</figcaption>
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<figure><img src="https://www.reuters.com/resizer/jUlWVpR9fba-cw_MAO5rTpA_0GE=/1920x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/S6Z3TMQTT5PDHHHM5JKKZD4CFQ.jpg" alt="Traders work on the floor of the NYSE in New York" referrerpolicy="no-referrer">
<figcaption>Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 7, 2023. REUTERS/Brendan McDermid</figcaption>
</figure>
<figure><img src="https://www.reuters.com/resizer/BWMyvHi37Fw6gcwbAw7fPpqDyEU=/1920x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/N7CKWCCJMNLEZL7WT3YU4YVRAM.jpg" alt="Traders work on the floor of the NYSE in New York" referrerpolicy="no-referrer">
<figcaption>Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 6, 2023. REUTERS/Brendan McDermid</figcaption>
</figure>
<p>Wall Street's main indexes ended lower on Friday in a seesaw session, as investors digested a U.S. jobs report that showed weaker-than-expected growth and awaited more economic data and corporate earnings in the weeks ahead.</p>
<p>The U.S. added the fewest jobs in 2-1/2 years in June, although persistently strong wage growth pointed to still-tight labor market conditions, <a href="https://www.reuters.com/markets/us/slower-still-strong-us-job-growth-expected-june-2023-07-07/">U.S. government data showed</a>.</p>
<p>The benchmark S&P 500 <a href="https://www.reuters.com/markets/quote/.SPX" target="_blank">(.SPX)</a> was solidly higher for most of the afternoon, but stocks sold off toward the end of the session.</p>
<p>"Investors are more cautious going into a very important week with the beginning of earnings season and a very important inflation reading mid-week," said Quincy Krosby, chief global strategist at LPL Financial.</p>
<p>The report showing nonfarm payrolls increased by 209,000 jobs last month followed a sell-off on Thursday sparked by a surge in June private payrolls that stoked fears the Federal Reserve would move aggressively to hike interest rates to tame inflation.</p>
<p>"The jobs report today I think is consistent with what the Fed would like to see," said Josh Jamner, investment strategy analyst at ClearBridge Investments.</p>
<p>"That's not to say, mission accomplished or the job is done. But continued cooling in the jobs market ultimately will make their lives easier."</p>
<p>On Friday, the Dow Jones Industrial Average <a href="https://www.reuters.com/markets/quote/.DJI" target="_blank">(.DJI)</a> fell 187.38 points, or 0.55%, to 33,734.88, the S&P 500 <a href="https://www.reuters.com/markets/quote/.SPX" target="_blank">(.SPX)</a> lost 12.64 points, or 0.29%, to 4,398.95 and the Nasdaq Composite <a href="https://www.reuters.com/markets/quote/.IXIC" target="_blank">(.IXIC)</a> dropped 18.33 points, or 0.13%, to 13,660.72.</p>
<p>Among S&P 500 sectors, defensive groups fell the most, with consumer staples <a href="https://www.reuters.com/markets/quote/.SPLRCS" target="_blank">(.SPLRCS)</a> down 1.3%. Energy <a href="https://www.reuters.com/markets/quote/.SPNY" target="_blank">(.SPNY)</a> gained 2.1% while materials <a href="https://www.reuters.com/markets/quote/.SPLRCM" target="_blank">(.SPLRCM)</a> rose 0.9%.</p>
<p>The small-cap Russell 2000 <a href="https://www.reuters.com/markets/quote/.RUT" target="_blank">(.RUT)</a> ended up 1.2% on the day.</p>
<p>Major indexes ended with weekly losses after a strong first-half of the year. For the week, the S&P 500 fell about 1.2%, the Dow slid roughly 2% and the Nasdaq dropped 0.9%.</p>
<p><a href="https://www.reuters.com/markets/us/jobs-data-one-more-piece-feds-july-rate-hike-puzzle-2023-07-07/">The Fed</a> is still widely expected to raise rates at its meeting later this month after pausing in June, as job growth remains above the pace in the decade before the pandemic.</p>
<p>Chicago Fed President Austan Goolsbee <a href="https://www.reuters.com/markets/us/feds-goolsbee-golden-path-includes-couple-rate-hikes-2023-07-07/">said</a> he does not disagree with his fellow U.S. central bankers that rates will need to rise a couple more times this year to beat back too-high inflation.</p>
<p>In company news, Levi Strauss & Co <a href="https://www.reuters.com/markets/companies/LEVI.N" target="_blank">(LEVI.N)</a> shares tumbled 7.7% after <a href="https://www.reuters.com/business/retail-consumer/levi-strauss-trims-annual-profit-forecast-higher-costs-slowing-wholesale-trends-2023-07-06/">the denim clothing maker</a> cut its annual profit forecast.</p>
<p>Shares of <a href="https://www.reuters.com/business/autos-transportation/rivians-stock-rallies-highest-2023-after-posting-strong-deliveries-2023-07-07/">Rivian Automotive</a> <a href="https://www.reuters.com/markets/companies/RIVN.O" target="_blank">(RIVN.O)</a> surged 14.2% after the electric vehicle maker reported better-than-expected quarterly deliveries.</p>
<p>U.S.-listed shares of Alibaba gained 8% after Chinese authorities said they will impose a $984 million <a href="https://www.reuters.com/technology/china-end-ant-groups-regulatory-revamp-with-fine-least-11-bln-sources-2023-07-07/">fine</a> on Ant Group, ending the affiliate fintech company's years-long regulatory overhaul.</p>
<p>Advancing issues outnumbered decliners on the NYSE by a 2.49-to-1 ratio; on Nasdaq, a 2.00-to-1 ratio favored advancers.</p>
<p>The S&P 500 posted 11 new 52-week highs and five new lows; the Nasdaq Composite recorded 45 new highs and 63 new lows.</p>
<p>About 10.3 billion shares changed hands in U.S. exchanges, compared with the 11.1 billion daily average over the last 20 sessions.</p>
<span>Reporting by Lewis Krauskopf and Sinead Carew in New York, Bansari Mayur Kamdar and Johann M Cherian in Bengaluru; Additional reporting by Caroline Valetkevitch; Editing by Shinjini Ganguli and Richard Chang</span>
]]></description>
<pubDate>Sat, 08 Jul 2023 00:54:03 GMT</pubDate>
<guid isPermaLink="false">https://www.reuters.com/markets/us/wall-street-futures-slip-ahead-jobs-data-2023-07-07/</guid>
<link>https://www.reuters.com/markets/us/wall-street-futures-slip-ahead-jobs-data-2023-07-07/</link>
<author><![CDATA[Lewis Krauskopf, Bansari Kamdar, Johann Cherian]]></author>
<category>USA</category>
<category>STOCKS/ (UPDATE 7)</category>
</item>
<item>
<title><![CDATA[Biden warned China's Xi on West's investment after Putin meeting]]></title>
<description><![CDATA[<figure><img src="https://www.reuters.com/resizer/SFmRtqPmpDU0oQvqzVeyXmjCW8Y=/1920x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/RB5ZXO6VRJPJVKYIQJAO7VQMEY.jpg" alt="G20 summit in Bali" referrerpolicy="no-referrer">
<figcaption>U.S. President Joe Biden meets with Chinese President Xi Jinping on the sidelines of the G20 leaders' summit in Bali, Indonesia, November 14, 2022. REUTERS/Kevin Lamarque/File Photo </figcaption>
</figure>
<figure><img src="https://www.reuters.com/resizer/62f3X6g6pzWY3SQ16GmdkHdnWAc=/1920x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/U66LBO6WJNL6DEBSLSTIFP3X2E.jpg" alt="U.S. President Biden delivers remarks on healthcare coverage and the economy, in Washington" referrerpolicy="no-referrer">
<figcaption>U.S. President Joe Biden delivers remarks on healthcare coverage and the economy, at the White House in Washington, U.S. July 7, 2023. REUTERS/Jonathan Ernst</figcaption>
</figure>
<p>U.S. President Joe Biden told Chinese President Xi Jinping following his meeting with Russia's Vladimir Putin to "be careful" because Beijing relies on Western investment, according to excerpts from an interview with CNN.</p>
<p>"I said: This is not a threat. This is an observation," Biden said.</p>
<p>"Since Russia went into Ukraine, 600 American corporations have pulled out of Russia. And you have told me that your economy depends on investment from Europe and the United States. And be careful. Be careful."</p>
<p>Putin and Xi held two days of talks <a href="https://www.reuters.com/world/europe/putin-meets-dear-friend-xi-kremlin-ukraine-war-grinds-2023-03-20/">in March</a> with warm words of friendship between China and Russia and joint criticism of the West, but no sign of a diplomatic breakthrough over Ukraine.</p>
<p>The pair also participated in a <a href="https://www.reuters.com/world/india/putin-xi-attend-virtual-sco-summit-hosted-by-indias-modi-2023-07-04/">virtual summit</a> earlier this week.</p>
<p>There are heightened tensions and pessimism in the U.S.-China relationship over national security issues, including Taiwan, Russia's war in Ukraine, growing U.S. export bans on advanced technologies and China's state-led industrial policies.</p>
<p><a href="https://www.reuters.com/world/yellen-urges-china-adopt-market-reforms-insists-us-not-decoupling-2023-07-07/">U.S. Treasury Secretary Janet Yellen</a> was continuing a visit to China on Saturday.</p>
<p>Asked what Xi's response was, Biden said: "He listened, and he didn't...argue. And if you notice, he has not gone full-bore in on Russia."</p>
<p>"So, I think there's a way we can work through this."</p>
<span>Reporting by Costas Pitas; Editing by Sandra Maler and Leslie Adler</span>
]]></description>
<pubDate>Sat, 08 Jul 2023 00:46:15 GMT</pubDate>
<guid isPermaLink="false">https://www.reuters.com/world/biden-told-xi-after-putin-meeting-be-careful-your-economy-depends-western-2023-07-08/</guid>
<link>https://www.reuters.com/world/biden-told-xi-after-putin-meeting-be-careful-your-economy-depends-western-2023-07-08/</link>
<author><![CDATA[Reuters]]></author>
<category>USA</category>
<category>CHINA/BIDEN (UPDATE 1, PIX)</category>
</item>
<item>
<title><![CDATA[Biden says US destroys last of chemical weapons stockpile]]></title>
<description><![CDATA[<figure><img src="https://www.reuters.com/resizer/yho_yL5aR-k6M1kHKdmyBmbo9BY=/1920x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/SEH2CZTHKFMWRGIHAKM4Q4GFUU.jpg" alt="U.S. President Joe Biden visits South Carolina" referrerpolicy="no-referrer">
<figcaption>U.S. President Joe Biden, delivers remarks on the U.S. economy and his administration's effort to revive American manufacturing, during his visit in Flex LTD, in West Columbia, South Carolina, U.S. July 6, 2023. REUTERS/Jonathan Ernst/File Photo</figcaption>
</figure>
<p>The U.S. has destroyed the last of its declared chemical weapons stockpile, President Joe Biden said on Friday, bringing to an end a decades-long effort to eliminate the deadly weapons first used on a large scale in World War One.</p>
<p>As part of the Chemical Weapons Convention, which was ratified by the U.S. Senate in 1997, the U.S. and other signatories are required to destroy their chemical weapons stockpile by Sept. 30, 2023.</p>
<p>"Today, I am proud to announce that the United States has safely destroyed the final munition in that stockpile—bringing us one step closer to a world free from the horrors of chemical weapons," Biden said in a written statement released by the White House.</p>
<p>The U.S. has been destroying its remaining stockpiles at U.S. Army Pueblo Chemical Depot in Pueblo, Colorado, and Blue Grass Army Depot (BGAD) in Richmond, Kentucky.</p>
<p>In 2022, the last M55 rocket with the VX nerve agent was destroyed at the plant in Kentucky.</p>
<p>The U.S.' stockpile of chemical warfare agents reached nearly 40,000 tons by 1968, according to the Centers for Disease Control and Prevention.</p>
<p>"Chemical weapons are responsible for some of the most horrific episodes of human loss. Though the use of these deadly agents will always be a stain on history, today our Nation has finally fulfilled our promise to rid our arsenal of this evil," U.S. Senate Republican leader Mitch McConnell said in a statement.</p>
<p>Chemical weapons came to the fore during World War One, which became known as the "chemist's war."</p>
<p>According to the United Nations, chemical weapons killed nearly 100,000 people during World War One and have caused more than 1 million casualties around the world since then.</p>
<span>Reporting by Idrees Ali; Additional reporting by Dan Whitcomb
Editing by Marguerita Choy</span>
]]></description>
<pubDate>Fri, 07 Jul 2023 22:02:54 GMT</pubDate>
<guid isPermaLink="false">https://www.reuters.com/world/us/biden-says-us-destroys-last-chemical-weapons-stockpile-2023-07-07/</guid>
<link>https://www.reuters.com/world/us/biden-says-us-destroys-last-chemical-weapons-stockpile-2023-07-07/</link>
<author><![CDATA[Reuters]]></author>
<category>USA</category>
<category>MILITARY/CHEMICALWEAPONS</category>
</item>
<item>
<title><![CDATA[Dutch government collapses over immigration policy]]></title>
<description><![CDATA[<figure><img src="https://www.reuters.com/resizer/B579v7LJxjTcmyrzx4p4QWp9AYo=/1920x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/ZAD3OXY4NFOSPHWGFLNYVKII2Q.jpg" alt="French President Macron makes a state visit to the Netherlands" referrerpolicy="no-referrer">
<figcaption>Dutch Prime Minister Mark Rutte speaks at a news conference with French President Emmanuel Macron (not pictured) during Macron's state visit to the Netherlands, in Amsterdam, Netherlands April 12, 2023. REUTERS/Piroschka van de Wouw/File Photo</figcaption>
</figure>
<p>The Dutch government collapsed on Friday after failing to reach a deal on restricting immigration, which will trigger new elections in the fall.</p>
<p>The crisis was triggered by a push by Prime Minister Mark Rutte's conservative VVD party to limit the flow of asylum seekers to the Netherlands, which two of his four-party government coalition refused to support.</p>
<p>"It's no secret that the coalition partners have differing opinions about immigration policy. Today we unfortunately have to conclude that those differences have become insurmountable. Therefore I will tender the resignation of the entire cabinet to the king," Rutte said in a televised news conference.</p>
<p>Tensions came to a head this week, when Rutte demanded support for a proposal to limit entrance of children of war refugees who are already in the Netherlands and to make families wait at least two years before they can be united.</p>
<p>This latest proposal went too far for the small Christian Union and liberal D66, causing a stalemate.</p>
<p>Rutte's coalition will stay on as a caretaker government until a new administration is formed after new elections, a process which in the fractured Dutch political landscape usually takes months.</p>
<p>News agency ANP, citing the national elections committee, said elections would not be held before mid-November.</p>
<p>A caretaker government cannot decide on new policies, but Rutte said it would not affect the country's support for Ukraine.</p>
<p>The Netherlands already has a one of Europe's toughest immigration policies but under the pressure of right-wing parties, Rutte had for months been trying to seek ways to further reduce the inflow of asylum seekers.</p>
<p>Asylum applications in the Netherlands jumped by a third last year to over 46,000, and the government has projected they could increase to more than 70,000 this year - topping the previous high of 2015.</p>
<p>This will again put a strain on the country's asylum facilities, where for months last year hundreds of refugees at a time were forced to sleep in the rough with little or no access to drinking water, sanitary facilities or health care.</p>
<p>Rutte last year said he felt <a href="https://www.reuters.com/world/europe/dutch-set-rectify-inhumane-conditions-asylum-seeker-centre-rtl-2022-08-26/">"ashamed"</a> of the problems, after humanitarian group Medecins sans Frontieres sent in a team to the Netherlands for the first time ever, to assist with migrants' medical needs at the centre for processing asylum requests.</p>
<p>He promised to improve conditions at the facilities, mainly by reducing the number of refugees that reach the Netherlands. But he failed to win the backing of coalition partners who felt his policies went too far.</p>
<p>Rutte, 56, is the longest-serving government leader in Dutch history and the most senior in the EU after Hungary's Viktor Orban. He is expected to lead his VVD party again at the next elections.</p>
<p>Rutte's current coalition, which came to power in January 2022, was his fourth consecutive administration since he became prime minister in October 2010.</p>
<span>Reporting by Bart Meijer, Anthony Deutsch and Stephanie van den Berg
Editing by Sandra Maler</span>
]]></description>
<pubDate>Fri, 07 Jul 2023 21:19:40 GMT</pubDate>
<guid isPermaLink="false">https://www.reuters.com/world/europe/dutch-government-resign-over-asylum-policy-anp-2023-07-07/</guid>
<link>https://www.reuters.com/world/europe/dutch-government-resign-over-asylum-policy-anp-2023-07-07/</link>
<author><![CDATA[Bart Meijer, Anthony Deutsch]]></author>
<category>NETHERLANDS</category>
<category>GOVERNMENT/ (UPDATE 4, PIX, TV)</category>
</item>
<item>
<title><![CDATA[US to give Ukraine cluster munitions in $800 million aid package]]></title>
<description><![CDATA[<figure><img src="https://www.reuters.com/resizer/eqHDlAgU4OYu3e092ssB9TU4Av4=/1920x0/filters:quality(80)/cloudfront-us-east-2.images.arcpublishing.com/reuters/HTUZVORNXFLOFAWFORMEANQHOQ.jpg" alt="Ukrainian military displays parts of rockets used by Russian army in the region of Kharkiv" referrerpolicy="no-referrer">
<figcaption>Ukrainian military serviceman Igor Ovcharruck holds a defused cluster bomb from an MSLR missile, among a display of pieces of rockets used by Russian army, that a Ukrainian munitions expert said did not explode on impact, in the region of Kharkiv, Ukraine, October 21, 2022. REUTERS/Clodagh Kilcoyne/File Photo</figcaption>
</figure>
<p>The United States announced on Friday that it will send Ukraine cluster munitions - prohibited by more than 100 countries - as part of an $800 million security package, a move Ukraine said would have an "extraordinary psycho-emotional impact" on Russian forces.</p>
<p>Jake Sullivan, President Joe Biden's national security adviser, sought to make the case for providing these arms to Ukraine shortly before the Pentagon formally announced the aid. Cluster munitions could boost Ukraine's counteroffensive to reclaim territory seized since Russia invaded in February 2022.</p>
<p>"We recognize that cluster munitions create a risk of civilian harm from unexploded ordnance," Sullivan told reporters. "This is why we've deferred the decision for as long as we could."</p>
<p>"But there is also a massive risk of civilian harm if Russian troops and tanks roll over Ukrainian positions and take more Ukrainian territory and subjugate more Ukrainian civilians because Ukraine does not have enough artillery," Sullivan said.</p>
<p>Asked why he was providing the cluster munitions now, Biden told reporters that it was because the effort to defend against Russia had "run out of ammunition."</p>
<p>Cluster munitions typically release large numbers of smaller bomblets that can kill indiscriminately over a wide area. Those that fail to explode pose a danger for decades after a conflict ends. Ukraine has asked for these weapons to fire against Russian positions with dug-in troops.</p>
<p>"Ukraine has provided written assurances that it is going to use these in a very careful way" to minimize risks to civilians, Sullivan said, adding that the U.S. National Security Council was unanimous in its assent to send the weapons.</p>
<p>The security assistance package announced by the Pentagon included cluster munitions fired by 155-millimeter Howitzer cannons, 31 additional Howitzer cannons, additional munitions for Patriot air defenses and anti-tank weapons.</p>
<p>New Penguin drones, munitions for High Mobility Artillery Rocket Systems (HIMARS) and ground vehicles such as Bradley fighting vehicles and Stryker armored personnel carriers were also included in the security aid - the 42nd such U.S. package for Ukraine totaling more than $40 billion since the invasion.</p>
<p>Human rights groups opposed the U.S. decision to provide cluster munitions. Human Rights Watch has accused <a href="https://www.reuters.com/world/europe/ukraine-russia-should-stop-using-cluster-bombs-human-rights-watch-says-2023-07-06/">Russian and Ukrainian</a> forces of using these weapons, which have killed civilians.</p>
<p>U.N. Secretary-General Antonio Guterres is against the continued use of cluster munitions, a U.N. spokesperson said.</p>
<p>U.S. ally Germany also <a href="https://www.reuters.com/world/europe/germany-opposes-sending-cluster-munitions-ukraine-minister-says-2023-07-07/">opposes</a> sending cluster munitions to Ukraine, Foreign Minister Annalena Baerbock said. Germany is one of 111 states party to the Convention on Cluster Munitions, a pact that does not include the United States.</p>
<p>Republicans on the U.S. House of Representatives Foreign Affairs Committee applauded Biden's move but wanted more, urging the U.S. government to send the Army Tactical Missile System, or ATACMS, which they noted has a similar range to Storm Shadow cruise missiles that Britain has already sent.</p>
<p>A 2009 U.S. law bans exports of American cluster munitions with bomblet failure rates higher than 1%, which covers virtually all of the U.S. military stockpile. Biden waived prohibitions around the munitions, just as his predecessor Donald Trump did in 2021 to allow the export of cluster munitions technology to South Korea.</p>
<h1>'VERY SIGNIFICANT CONTRIBUTION'</h1>
<p>Ukraine previously had urged <a href="https://www.reuters.com/world/europe/ukraine-seeks-us-cluster-bombs-adapt-drone-use-lawmakers-2023-03-06/">U.S. lawmakers</a> to press the Biden administration to approve sending cluster munitions.</p>
<p>"Undoubtedly, the transfer of additional volumes of shells to Ukraine is a very significant contribution to the acceleration of de-occupation procedures," presidential political adviser <a href="https://www.reuters.com/world/europe/ukraine-would-welcome-cluster-munitions-us-zelenskiy-aide-2023-07-07/">Mykhailo Podolyak</a> said on Friday.</p>
<p>"Especially if we are talking about cluster ammunition, which is undoubtedly capable of having an extraordinary psycho-emotional impact on already demoralized Russian occupation groups," Podolyak added.</p>
<p>Sending cluster munitions, known as Dual-Purpose Conventional Improved Munitions (DPICM), would ease a drain on standard "unitary" 155 millimeter shells that the United States has been shipping to Ukraine in massive quantities.</p>
<p>Sullivan acknowledged that the United States needed "to build a bridge from where we are today to when we have enough monthly production of unitary rounds," and said cluster munitions would be that bridge through the summer and autumn.</p>
<span>Reporting by Mike Stone, Nandita Bose and Steve Holland
Editing by Will Dunham and Grant McCool</span>
]]></description>
<pubDate>Fri, 07 Jul 2023 21:02:28 GMT</pubDate>
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* perf(route/reuters): use downsized pictures from Reuters * perf(route/reuters): use 1920w pictures from Reuters
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The origal routes for /reuters request raw news pictures, which have sizes up to 5mb each. This means a single refresh of one reuters channel in an RSS reader can easily consume 100+mb data, and extreme lags can be noticed in some readers who do not optimize thumbnails when scrolling. So this pull request fixes the issue by requesting downsized images from Reuters itself. The default long side of each image is limited to 1080px (
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