Since she's not as worried about inflation as others in the market are, Pai said she'll be looking to pick up some of the high-growth tech names that get dumped on when inflation fears and talk of higher rates pull them down again.
White House press secretary Jen Psaki said there was no excuse for such a situation.NBC News reported children who migrated to the United States without their parents are being held on buses in a parking lot in Dallas.
A crowd of protesters cheered as two men were released after being detained by UK Home Office officials in Glasgow, Scotland, on May 13.The crowd had surrounded the van after the Border Agency conducted an early raid on a property on Kenmure Street in the Pollokshields area of the city, local media reported.Police Scotland said in a statement that the men were released “to protect the public health and well-being of all people involved in the detention and subsequent protest in Kenmure Street.”Video shared by David Fennessy captured the moment the two men were released from Border Agency custody. Credit: David Fennessy via Storyful
Dozens of nurses, some of them retired but back in action, enjoyed the classical music while the vaccination was still carrying on.Madrid's WiZink Centre, a venue for large sports events and concerts, opened its doors on April 9 to thousands of people who have received the COVID-19 vaccine.On Wednesday, more than 105,000 Madrid residents from 60 to 67 years old got Astrazeneca jab, according to Madrid health authorities.
The peclets were born to mother Pepa and father Tapo on April 16, the zoo told Reuters in an emailed statement.Native to the Gran Chaco region of South America, the Chacoan peccary is listed as endangered by the International Union for Conservation of Nature (IUCN).
This fencing champion volunteered at a COVID wardLocation: Budapest, Hungary2020 didn’t go as planned for Hungarian fencer Gergely Siklosiand many Olympics hopefuls like himWhen Hungary was forced into lockdownthe 22-year-old took some time off sportand volunteered at a COVID ward and vaccination centerHe also completed basic military training(SOUNDBITE) (Hungarian) FENCER, GERGELY SIKLOSI, SAYING:"One may think I was on track for a good Olympic performance, I had won the World Cup, World Championship and I was certain to go, but I doubt I would have lived up to my own expectations in 2020. It did me good that for a year the training sessions were held in a relaxed way, free of competitions."Siklosi's coach agrees the extra year served Siklosi well(SOUNDBITE) (Hungarian) FENCING COACH, TAMAS DANCSHAZY-NAGY, SAYING:"Given the choice, we would not have chosen this path. Families, entire nations were pummeled - but if it had to be, we tried to look at the glass half full and develop skills to take us further along."
WHO chief Tedros Adhanom Ghebreyesus also said the second year of the pandemic was set to be more deadly than the first, with India a huge concern as the official tally of infections crossed 24 million, and over 4,000 people died for the third straight day.WHO's top emergency expert, Mike Ryan, told the same virtual briefing in Geneva that local conditions needed to be taken into account if a country is planning to allow vaccinated people not to wear masks in public.Senior adviser Bruce Aylward said WHO was in touch with the United States about sharing vaccines with the international COVAX scheme, which distributes doses to poorer countries.
A judge in the Sicilian city of Catania ruled on Friday (May 14) that the head of Italy's right-wing League party, Matteo Salvini, should not stand trial over allegations he kidnapped a group of migrants by refusing to let them disembark from a ship.The case is centered on an incident in July 2019, when Salvini, who was then the country's interior minister, blocked more than 100 people aboard the Gregoretti coastguard ship for six days as he waited for European allies to agree to resettle them.During his 14 months as interior minister, he stopped several boats from docking in Italy in an effort to halt migrant flows, and regularly accused the charities that operated them of effectively encouraging people smuggling.The Catania case is similar to a separate investigation in the Sicilian capital Palermo over migrants who were kept aboard another boat a month after the Gregoretti incident.However, in a completely contrasting decision, a judge in Palermo last month ordered that Salvini should stand trial over the allegations. He could face up to 15 years in prison if found guilty.The trial will begin in Palermo on September 15.Prosecutors in Catania had asked the judge not to send Salvini to trial, saying his decision did not violate international treaties and was not to be considered kidnapping.
Satellite imagery captured on May 8 showed stunning cloud formations known as ‘von Karman vortices’ over Guadalupe Island, 150 miles west of Mexico’s Baja California Peninsula.The formations “occur when the prevailing wind is diverted by elevated land features such as islands, mountaintops, or volcanoes … causing the air, and its subsequent clouds, to rotate into a spiral shape,” according to the National Oceanic and Atmospheric Administration.The phenomenon was named after Theodore von Karman, a cofounder of NASA’s Jet Propulsion Laboratory and one of the first scientists to describe the formation. Credit: NOAA Satellites via Storyful
American consumers spent less at stores last month. U.S. retail sales unexpectedly stalled in April as the boost from stimulus checks faded. The Commerce Department said Friday sales were flat following a nearly 11% surge in March. Economists had expected sales would increase modestly.Once you strip out the impact of volatile items like food, gas and autos, the so-called core retail sales dropped 1.5% from a rise of over 7% in March.The weak sales data could raise anxiety about the economic recovery. Consumer spending accounts for more than two-thirds of economic activity. Fears about the virus linger, keeping many workers at home. And hiring slowed in April amid a shortage of workers. But retail sales are likely to pick up in the coming months amid record savings and a reopening economy. Households have accumulated at least $2.3 trillion in excess savings during the health crisis, and that should underpin spending this year.
This is the self-driving ''PonyAlpha X'' systemlaunched by autonomous car company Pony.aiLocation: Beijing, ChinaThe startup is backed by Toyota Motor Corpand already has a fleet of about 200 autonomous vehicleswith Robotaxi services in:GuangzhouShanghaiBeijingIrvineFremont(SOUNDBITE) (Mandarin) CEO AND CO-FOUNDER OF PONY.AI, JAMES PENG, SAYING:"After we expand our service area, this isn't going to be just a personal experience, confined to those who use our self-driving car. If people want to go out for lunch or go to and from the office, or even come to this hotel, they can all take one of our cars. In this way, we can really allow self-drivingcars to meet everyone's traveling needs.''
Expensive batteries are one reason why electric cars cost more to buy. That has Tesla thinking. Reuters sources say it's in talks with Chinese firm EVE Energy. It wants to procure cheaper cells from the company. EVE makes batteries using lithium iron phosphate, or LFP. They're cheaper than the usual type, which use more expensive nickel and cobalt. There's a catch though, as the LFP cells don't offer as much range on a single charge. Sources say the talks are advanced, and a deal could be struck in the third quarter. EVE is reportedly already running late-stage tests for Tesla. The electric car pioneer faces mounting cost pressures and new rivals including Chinese makers like Nio. Earlier in the year founder Elon Musk said Tesla would shift some vehicles to alternative battery technology amid concerns over the supply of nickel.
From surging prices in the U.S., to a looming population crisis in China, this is the Week in Numbers. First up…0.8% may not sound much. But the monthly figure is the highest rate of inflation in the U.S. in almost 12 years. A 10% surge in used-car prices was one factor. The news spooked stock markets around the world, but most economists still bet it's a passing blip, not a sign that prices are set to spiral upwards.1.41 billion is the population of mainland China. That's a gain of over 5% since the last census ten years ago, but the slowest rate of increase since proper surveys began. With a fertility rate of 1.3 children per woman in 2020, China is on par with rapidly ageing societies like Japan, and faces a real worry over how to pay for its older folk.4.99 trillion yen, or over $45 billion, was the annual net profit at Japanese investment giant SoftBank, driven by soaring values for its stakes in tech firms. No wonder CEO Masayoshi Son sounded bullish."So far, we have been continuously finding wonderful AI firms. As long as we find such good companies which are worth investing, and as long our money lasts, we would like to continue investing."Just last year the firm posted a record loss. Now the new numbers make it one of the world's most profitable companies, beating the mere $42.5 billion earned by Warren Buffett's Berkshire Hathaway. 17% is how much one comment from Elon Musk can move bitcoin. That was the plunge after he said you wouldn't be able to use it to buy Tesla cars after all. Musk says he is now worried about the environmental impact of all the energy used to produce virtual money. And $151 billion is how much Samsung Electronics will invest to help tackle the global chip shortage. It and other big names in South Korea are pouring money into new production. Around 153 firms plan to invest a total of about $450 billion. The government will lend a helping hand with tax breaks.
The online campaign has made rounds on social media over the last week, reflecting how the public feel about the feasibility of the Olympic Games."We are working on creating a bubble, calculating the limiting of movement, not adding stress to local medical institutions, and listening to experts' opinions and adjusting accordingly (for the Games)," Hashimoto said.Public opposition to the Games has been growing as Japan faces a fourth wave of COVID-19 infections just 10 weeks before the event.Japan has added three more prefectures on Friday to join Tokyo, Osaka, and four other prefectures under a COVID-19 state of emergency until May 31.
Honda is the latest firm to say it's paying a price for the global shortage of computer chips. On Friday (May 14) the Japanese company said the silicon drought affected 100,000 vehicles last year.And it predicts the problems will persist through the first half of 2021. Overall, the shortage could cost the global auto industry $110 billion in lost revenues this year. That's according to an estimate by consultancy AlixPartners. It says the crisis will hit production of 3.9 million vehicles. Volkswagen, Ford and General Motors are just some of the big names to cut or suspend some output. Now AlixPartners says firms will have to respond by building stronger ties to chipmakers. Automakers have been reluctant to make long-term commitments on chip supply, for fear of being stuck with financial liabilities over such agreements. But the consultants say the risk of losing production to shortages has changed the equation. Other responses are possible. This week, Ford said it was redesigning some parts to use chips that are more readily available.
Rescued sea turtles at a sanctuary in Brazil could not control their excitement when they realized it was feeding time.Footage by Natalia Cara de Medeiros, who runs a YouTube account called Naty’s Adventures, shows the turtles jumping and splashing in the pool as they are about to receive a feed at the Tamar Marine Turtle Praia do Forte Project.The non-profit organization is dedicated to the conservation of sea turtles in Brazilian waters.“Teaching people about the animal and why we need to protect them, even more so if they get to actually see the animal and/or work that is done, it creates a special place in their hearts, especially children,” de Medeiros told Storyful.“If you love an animal, you will to protect them, and that is the most powerful tool we have in conservation.” Credit: Natalia Cara de Medeiros via Storyful
Sharma, Britain's former business minister and a member of Prime Minister Boris Johnson's Cabinet, said immediate action must be taken to avoid "more frequent and more brutal" effects of pollution.Britain hosts the COP26 climate conference in Scotland's largest city in November and will welcome back the United States under President Joe Biden.His predecessor, Donald Trump, previously withdrew the U.S. from December 2015's Paris agreement on climate change, which was adopted at the conclusion of the COP 21 summit in the French capital.
A porcupine was seen making a speedy road crossing as it avoided a reversing pickup truck in Kennebunk, Maine, video shared by Danielle McLean Dole on May 13 shows.In the video the porcupine can be seen crossing the road in front of Mclean Dole’s vehicle, before running into the undergrowth as a reversing pickup truck comes out a driveway.“Love this lil dude,” she wrote on Facebook. Credit: Danielle McLean Dole via Storyful
Speaking at a conference on Italy's derth of babies, Pope Francis said polls showed most young people wanted to have children, but were worried about the rising cost."Their dreams of a new life, the seeds of the country's rebirth, come up against a demographic winter that is cold and dark," the pope said."For the future to be good, we need to look after families, especially young families, who are beset by worries that risk paralysing their life plans. I am thinking of the fears caused by the increasingly unaffordable costs of raising children.The sharp fall in 2020 in the number of babies born in many countries has been blamed on the stress and uncertainty generated by COVID. But the longer-term fertility trends across much of the developed world has been in decline for some years.The pope also took aim at young people, saying some role models set the wrong example by being obsessed over their appearance and not being willing to make the sacrifices needed to raise a family."Staying young does not come from taking selfies and touch-ups, but from being able to look into the eyes of your children one day," he said.
The U.S. is still recovering from a hacking attack on oil pipeline operator Colonial. That has caused rising prices and gas shortages in parts of the country. Now Friday (May 14) sees news of another so-called ransomware attack. Japan's Toshiba says one of its units in Europe was targeted. And it's blaming DarkSide - the same group said to be behind the Colonial incident. French subsidiary Toshiba Tec Corp said it lost only a minimal amount of data on this occasion, and no data leak had been detected. But it's the latest evidence of a growing wave of ransomware attacks. They see hackers encrypt data, and demand money to decode it. Sometimes they also threaten to publish stolen data. Champagne maker Laurent Perrier is among other French firms to be targeted this year.U.S. investigators say DarkSide includes Russian speakers, and never targets firms in the former Soviet Union. Russia has rejected all suggestions that it has any connection to the hackers.
A large fire that burned at a propane gas facility in Marshfield, Missouri, was detected by satellites in space on May 13, the National Weather Service said.A satellite detected a hotspot over Marshfield using technology usually used to detect wildfires and controlled burns, the NWS said.Up to 10,000 small propane tanks caught fire at the facility, causing a number of large explosions that forced local residents to evacuate, local media reported.Three employees inside the facility escaped the fire, with emergency crews treating one injured person, investigators said. Credit: Karen Ragsdale via Storyful
A lorry driver has lost his license after he was seen swerving on the road after drink-driving near Peterborough, England, on May 11.Cambridgeshire Police said they received reports of a lorry swerving across the A1M northbound.Police officers located the lorry and breathalyzed the driver, Lauri Martel, who they said recorded a reading of 35 micrograms of alcohol in 100 millilitres, twice the legal limit.Officers said they found a coffee mug containing whiskey and coke, and an empty whiskey and wine bottle that had been discarded from the driver’s cab.Sergeant Sam Tucker thanked members of the public for bringing the driver to their attention and warned against the dangers of drink-driving.“Martel admitted having been drinking whiskey on the morning he was arrested, but felt he was fit to drive. Alcohol and tiredness can be a lethal combination on the roads, and for someone who drives professionally there is absolutely no excuse for it,” Tucker said.Martel was charged with drink driving and disqualified from driving for a year and four months, and ordered to pay £755 in fines and costs. Credit: Cambridgeshire Police via Storyful
An underwater photographer in Australia captured mesmerising images of an octopus burying itself underneath sand in the ocean.Freediver and keen photographer Jules Casey is based on the Mornington Peninsula, which is on the shores of Port Phillip Bay, Victoria.Casey often posts footage of what she sees below the waves at Port Phillip Bay to her OneBreathDiver Instagram account, where she has over 90,000 followers.Her work notes both interesting marine life, as well as dangers posed to underwater creatures by water pollution. She originally posted this footage to Instagram on April 25. Credit: Jules Casey via Storyful
With just over two months before the start of the Tokyo Olympics, Japan is expanding its state of emergency to try and contain a more infectious strain of COVID-19.Economy Minister Yasutoshi Nishimura said on Friday, three more prefectures will be given emergency declarations.Those three are Hokkaido, Okayama and Hiroshima, which will on Sunday join Tokyo, Osaka and four other prefectures, and last until the end of May.The restrictions include eateries closing by 8pm, as well as a ban on alcohol at bars and restaurants.The expanded list of areas under a state of emergency will cover about 70% of Japan's population.Meanwhile, public opposition -- including from some doctors and athletes -- has been growing. A petition to cancel the games was submitted to organisers on Friday.That petition on change.org has received more than 350,000 signatures in just nine days - a record pace for the forum's Japanese version, according to the campaign's organiser. Dozens of towns due to host visiting athletes at pre-Games events have also cancelled those plans. They said they cannot guarantee medical help, as experts say medical resources are now being pushed to the brink. Japan's vaccination drive has been the slowest among advanced nations with just 3 percent of the population vaccinated, according to Reuters data. Japan has seen more than 650,000 confirmed cases so far.
Protesters carried signs and marched after gathering by Baitul Mukarram National Mosque in Dhaka.It comes as Israel fired artillery and mounted extensive air strikes on Friday against a network of Palestinian militant tunnels under Gaza that it dubbed "the Metro," amid persistent rocket attacks on Israeli towns.The most serious fighting between Israel and Gaza militants since 2014 began on Monday (May 10) after the enclave's ruling Hamas group fired rockets at Jerusalem and Tel Aviv in retaliation for Israeli police clashes with Palestinians near al-Aqsa mosque in Jerusalem.At least 119 have been killed in Gaza and 830 others wounded in the current hostilities, Palestinian medical officials said. The death toll in Israel stood at eight.