Author: i2wtc

(Bloomberg) — Oil prices slid as algorithmic traders exploited market uncertainty and traders weighed Chinese demand against dwindling U.S. inventories.Most read articles on BloombergWest Texas Intermediate (WTI) fell below $78 a barrel, on track to fall for a third straight week for the first time since early June. Oil prices have been sluggish recently due to selling pressure from trend-following commodity trading advisors and a sharp selloff in the stock market. These factors have exacerbated concerns about China’s economic growth, as the Chinese government cut interest rates this week to stimulate the economy of the world’s largest oil importer.Still, data…

Efforts to expand nuclear power have long been hampered by fears of massive reactor meltdowns, and China’s new reactor design represents the first full-scale demonstration of a system that can completely prevent meltdowns. Despite the rapid rise of renewables, many argue that nuclear power still has a key role to play in the race to decarbonise the electricity supply, but accidents like Chernobyl and Fukushima have made people understandably wary. Although modern reactor designs are much safer than previous generations, there is still a risk of a reactor meltdown, which means that the reactor’s cooling system fails, often due to…

The choice signals China’s intention to repair strained relations with Ukraine amid the war, but it could also have been a strategic decision by Beijing to maintain ties with Russia, they said.Wang Yiwei, a professor of international relations at Renmin University of China, said the Guangzhou meeting was chosen as a “less formal” venue and held in a more relaxed atmosphere following Ukraine’s recent criticism of China’s role in the war.Ukrainian President Volodymyr Zelensky has long hoped that China would use its influence over Russia to end the war, but he appeared to lose patience recently, accusing China of helping…

A typhoon that approached China on Thursday caused severe flooding. More than 20 people have died this week. Philippines and TaiwanThe typhoon, named Gaemi by the Japan Meteorological Agency and Karina by the Philippine Weather Bureau, was the strongest to hit Taiwan in eight years, according to Reuters.. 66 inches of rain falls in floods in Philippines and Taiwan In Taiwan, the typhoon brought heavy rains, dumping several feet of rain in mountainous areas. As of Thursday evening, 66.16 inches (5.51 feet) of rain had fallen on Tanalin Island and 58.05 inches on Weiliao Mountain over the past three days.…

On his first day in office, President Biden ordered federal agencies to adopt a broad “racial equity agenda” that would increase investments in communities of color, ensure agencies provide diversity training and expand opportunities for minorities to tap billions of dollars in government contracts.But over the past year, the administration has retreated from defending two affirmative action programs that were central to Biden’s efforts to “achieve racial justice,” as he said in his 2021 inaugural address. Both programs were put in place nearly a half-century ago and had been overturned by court decisions.The legislative withdrawal marks a major shift in…

The Paris 2024 Olympics will mark the soft launch of the arena today with eight men’s soccer matches and 12 men’s rugby sevens matches. The U.S. men’s national soccer and rugby teams will face host France, and the U.S. men’s rugby sevens team will play two matches.Meanwhile, the U.S. men’s gymnastics team is podium training and the U.S. men’s basketball team is practicing ahead of its opener on Sunday.Tune in to USA TODAY Sports for live coverage of scores, medal counts, highlights and more throughout the day.Today’s Olympic ScheduleThere will be eight soccer matches and 12 rugby sevens matches. The…

CrowdStrike claims a bug in an update that allowed its cybersecurity systems to send unauthorized data to millions of customers’ computers caused a global technology outage last week that canceled flights, interrupted television broadcasts and disrupted banks, hospitals and retail stores.CrowdStrike also outlined measures it is taking to prevent the issue from recurring, including staging the rollout of updates, giving customers more control over when and where updates occur, and providing details about planned updates.The company on Wednesday published online details of a “preliminary post-mortem investigation” into the outage, which caused disruption to many businesses that pay for the cybersecurity…

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday condemned the propaganda allegedly carried out by jailed former prime minister Imran Khan’s Pakistan Tehreek-e-Insaf party against the army and its leadership, saying such acts will “never be tolerated”. His remarks came two days after Army Spokesperson Lt Gen Ahmad Sharif said a large illegal political mafia had risen up to sabotage the planned new anti-terror operation “Azm-e-Istekam” and said the mafia’s first move was to make the operation controversial through false and spurious arguments.Presiding over a meeting of the Federal Cabinet, Prime Minister Sharif termed the propaganda campaign as unacceptable and painful.He…

Another source familiar with how the Harris campaign is working on the vice presidential selection process said Sen. Mark Kelly of Arizona, Pennsylvania Governor Josh Shapiro and North Carolina Governor Roy Cooper are seen as front-runners by many aides, but that Kentucky Governor Andy Beshear and Minnesota Governor Tim Walz are also being vetted and are being considered as potential contenders.The campaign is particularly interested in someone who can appeal to demographics and voters that Biden would have won, such as older white voters and suburban women, according to sources. Harris’ aides also want their running mate to appeal specifically…

Kaia Gerber is often seen leaving the catwalk with a book under her arm. The famously avid reader, the model showed off her love of literature in a T-shirt. Earlier this month, Gerber was spotted outside the Hayes Theatre in New York City to catch a play. work The talk was by Max Wolf Friedrich and she moderated the conversation that followed.”Come over to my house. I have great books,” was the caption on her navy blue baby t-shirt, which has become one of her off-time essentials. She paired the bold slogan t-shirt with navy blue low-rise pants and low-heeled…