FRANKFURT (Reuters) – Ruediger Rass, an executive with Germany’s Commerzbank, has decided to remain in his current role rather than join the management board following discussions with the European Central Bank, a Commerzbank spokesperson said on Tuesday.

Rass was to join the board of Commerzbank, one of the nation’s biggest banks, as chief risk officer.

It is unusual for a bank to announce a prospective board member, only to have the person later withdraw after talks with regulators.

The ECB wasn’t able to immediately comment. Germany’s regulator BaFin declined to comment.

Rass was to join the board as chief risk officer.

Commerzbank said that it would begin the search anew.

The Commerzbank spokesperson declined to comment on any reasons for Rass’ decision to not pursue the role.

The bank said Rass would continue as the bank’s chief credit

risk officer.

“We respect Ruediger Rass’ decision and are pleased that he will continue to be available to the bank,” said Commerzbank chairman Jens Weidmann.

(Reporting by Tom Sims; Editing by Madeline Chambers and Friederike Heine)

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(Repeats fixing typo in last quote)

By Libby George

LONDON (Reuters) – Cautious optimism in the developing world that wealthier countries and China had finally fixed the tortuous process of sovereign debt restructurings is fizzling again.

Debt crisis veterans gave a weary thumbs up in April to plans to galvanize the G20-led “Common Framework” – a platform supposed to speed up and simplify the process of getting overstretched countries back on their feet.

Though Zambia, locked in default for almost three years, does look to be making some progress, many of the thorny issues that have drawn criticism of the Common Framework remain.

One is how China, now the largest bilateral lender to the developing world, swallows losses. Another is how much debt poorer countries can carry given ultra-low global interest rates are a thing of the past.

The result is that countries trying to restructure their problematic debt have been left to negotiate bespoke arrangements in much the same way they did in the past.

“There was optimism that a deal could be clinched relatively quickly,” said Cornell University professor and former head of the IMF’s China Division Eswar Prasad, referring to the April reboot of the Common Framework. “That optimism proved unwarranted.”

Even news that Zambia’s public creditors are prepared to make a debt restructuring proposal, after the country had resorted to public pleas for urgency, was “unlikely by itself to signal a breakthrough in negotiations on the broader framework for debt restructuring,” Prasad said.

G20 nations launched the ‘Common Framework’ in 2020, when the COVID pandemic upended nations’ finances. Nearly three years later, with Zambia, Chad, Ethiopia and Ghana all in the set-up, it is yet to chalk up a solid success.

The core struggle has been how much debt countries need to write off, and coaxing China, after a decade-long lending spree, into debt talks that it views as designed by western powers.

The April attempt to reform the Framework saw the IMF promise to share more information earlier, particularly regarding debt sustainability, and to give struggling countries more concessional finance.

In exchange, the hope was that China would back down from demands that multilateral lenders relax their “preferred creditor status” and take loan losses.

Others said it was far from clear that China had abandoned some of its tough requests, including that multilateral development banks take loan losses.

Neither the People’s Bank of China nor China’s Finance Ministry immediately responded to requests for comment. In April, China said it was willing to work with all parties on the Common Framework but it has not commented publicly on the issue since then.

“There was a bit of misreporting about a breakthrough,” said Kevin Gallagher, director of the Boston University Global Development Policy Center, adding there are also questions about how much concessional lending multilateral development banks can give.

In a note earlier this month, analysts at JPMorgan said that despite “incremental changes” to the Common Framework, the core tensions remained, making debtor countries subject to it more reluctant to “preemptively pull the trigger” on restructuring.

They estimate that the government bonds of 21 countries, with a combined value of $240 billion, are now at “distressed” prices.

CREDITOR CLASHES

Bringing China into the fold of the traditional Western-led “Paris Club” of creditor nations, and the “London Club” of private creditors like pension and hedge funds, has prompted enormous challenges.

That high-profile friction has seen even U.S. Treasury Secretary Janet Yellen publicly accuse China of being a roadblock to deals.

This has amplified fiscal pain for countries like Zambia, which has been in default since 2020.

“I think they are all slightly fed up as they feel they’re getting trampled on — caught between a broader battle,” said Thys Louw, portfolio manager for emerging markets with Ninety One.

Beijing issued some $138 billion in new loans between 2010 and 2021, according to the World Bank, making its sign-off essential as a condition to unlock IMF funds. Zambia owes China some $5.9 billion, roughly 23% of its GDP and close to half of the $12.8 billion of the external debt it is trying to restructure.

Zambia even asked French President Emmanuel Macron to use his clout to help.

‘TANGIBLE’ PROGRESS

The IMF, World Bank and the G20 created the Global Sovereign Debt Roundtable (GSDR) early this year to fix the Framework and speed debt restructurings.

The IMF said this month it expects “tangible” progress during June GSDR meetings.

Louw said Ghana’s relatively speedy IMF staff-level agreement, and Zambia’s forward momentum were positive signs.

“I do think we’re much closer now to understanding what’s required from everyone in the room,” Louw said.

But until a widely accepted framework is in place, indebted nations are stuck in uncharted waters, slogging through each piece of their debt deals individually. And observers note that Ghana still faces the bigger hurdle of getting creditors to agree on new terms.

“Very often people involved in these discussions let their optimism get ahead of the facts…and then once it comes down to brass tacks, when people look at who’s going to take how much of a haircut, things start falling apart,” Prasad said.

“I think it’s just going to be a grinding negotiation.”

(Additional reporting by Joe Cash in Beijing. Editing by Marc Jones and Christina Fincher)

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By Xinghui Kok

SINGAPORE (Reuters) – Singapore-based Grab Holdings, Southeast Asia’s leading ride-hailing and food delivery app, is cutting 1,000 jobs or 11% of its workforce, its CEO said on Tuesday, citing the need to manage costs and ensure more affordable services long term.

In a letter sent to employees late on Tuesday and seen by Reuters, chief executive Anthony Tan said the cuts, the biggest since the start of the pandemic, were not “a shortcut to profitability” but a strategic reorganisation to adapt to the business environment.

“Change has never been this fast. Technology such as generative AI (artificial intelligence) is evolving at breakneck speed. The cost of capital has gone up, directly impacting the competitive landscape,” Tan said in the letter.

“We must combine our scale with nimble execution and cost leadership, so that we can sustainably offer even more affordable services and deepen our penetration of the masses.”

Tan said that even without layoffs, Grab had managed costs and should hit its target for group adjusted EBITDA breakeven this year.

The “superapp”, founded in 2012, offers deliveries, rides and financial services in eight Southeast Asian countries, including Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam.

Its shares were up 4.7% premarket after Tan’s announcement to staff. The stock had climbed as much as 5.6% premarket, extending earlier gains on a Bloomberg News report of the cuts.

The layoffs follow a similar move last year by Indonesian tech firm GoTo, which offers rides, e-commerce and financial services. It has undergone strict cost-cutting, including axing 12% of its workforce in 2022. It laid off a further 600 staff in March.

Its incoming CEO is planning to head the firm only temporarily and quit after improving profitability, sources told Reuters last week.

In May, Grab reported a quarterly loss of $250 million but said revenue in the first quarter of this year rose 130.3% to $525 million from a year ago.

In February, it issued an upbeat forecast for full-year revenue for 2023 and brought forward its profitability timeline.

The U.S.-listed Grab’s last job cuts were in 2020, when 360 people were laid off in response to the impact of the pandemic. The company had 11,934 staff as of the end of 2022, including about 2,000 from its acquisition of a grocery chain last year, its latest annual report said.

In September last year, it said it had no plans to undertake mass layoffs despite the weak market. In December, Tan told staff the company was freezing most hiring, payrises for senior managers, and cutting travel and expense budgets.

(Additional reporting by Lavanya Ahire in Bengaluru and Chen Lin in Singapore; Editing by Martin Petty and Barbara Lewis)

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By Duncan Miriri

NAIROBI (Reuters) – The world needs to rediscover its ability to bring peace to various trouble spots in order to curb the growing flow of refugees, the head of the United Nations Refugee Agency (UNHCR) said on Tuesday.

There are 110 million displaced people around the world, up from 103 million last year and half that number a decade ago.

“The U.N. Security Council, the main international body for peace and security, is broken. They cannot agree on anything,” the U.N.’s High Commissioner for Refugees Filippo Grandi told Reuters in the Kenyan capital.

“So we need to restore that capacity to lead, to drive peace because that is the only way we can address these flows.”

A group of diplomats, former statesmen and U.N. officials began seeking political backing for a peacemaking framework earlier this year to shape new standards for resolving conflicts.

Among the drivers behind the higher numbers of refugees, which include the internally displaced, is the conflict in Sudan, where rival military factions are battling each other.

“Today, right on World Refugee Day, we passed this horrible mark of 500,000 refugees from Sudan,” Grandi said.

Donors pledged $1.5 billion to help the Sudanese refugees at a conference on Monday.

Some of the cash will be used to help 100,000 Sudanese refugees in neighbouring Chad whose camps are threatened by the onset of the rain season, the high commissioner said.

“It is a very desperate race against time,” he added.

He called for a more sustainable solution like a meaningful ceasefire.

“If the fighting doesn’t stop, this is just the beginning. We will need much more than $1.5 billion, unfortunately,” he said.

Other reasons for the higher number of refugees include the conflicts in Ukraine, eastern Democratic Republic of Congo, Afghanistan and the Sahel.

Challenges emanating from climate change are also forcing people to move, Grandi said, calling for a multilateral approach to tackling the climate crisis.

“The time for working country by country is over,” he said.

(Reporting by Duncan Miriri; Editing by Alexandra Hudson)

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By Saeed Azhar

NEW YORK (Reuters) -The head of healthcare investing at Goldman Sachs Asset Management, Jo Natauri, will leave the company at the end of the year to pursue other opportunities in the sector.

“We’re entering a pretty attractive period for healthcare private investing, which I think could be pretty interesting to explore,” Natauri told Reuters, without giving details about her next move.

Goldman Sachs Asset Management (GSAM) has invested $5 billion in healthcare assets over the last five years, she said.

Natauri, who will step down from Goldman Sachs Group’s elite partner ranks, spent 17 years at the U.S. banking group. She served in senior leadership roles in asset management and investment banking, according to an internal memo announcing her departure seen by Reuters.

“She’s poised for success, and I’ll be rooting for her,” Goldman Sachs CEO David Solomon said in a statement.

Goldman Sachs has seen a number of departures in recent months as senior executives leave or retire. While the bank may save money if highly paid staff leave, the exits have prompted concerns that Goldman is losing top talent.

A company spokesperson said however the average tenure of the bank’s partners had risen to its highest in a decade at 8.3 years last year, versus 6.2 years in 2010.

Nicole Agnew, currently global head of consumer in private equity investing at GSAM, will take on expanded leadership responsibilities to oversee healthcare investing, according to a separate memo seen by Reuters.

Jeff Bernstein and Adam Dawson will become co-heads of healthcare private equity investing. Both were promoted to managing directors in 2019.

(Reporting by Saeed Azhar; Editing by Lananh Nguyen and Susan Fenton)

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ROME (Reuters) – Giorgio Bruno, who was the designated new CEO of Italian tyremaker Pirelli, is leaving the company, shareholder Camfin said on Tuesday, confirming earlier press reports.

Camfin, the holding company of Pirelli’s longtime CEO Marco Tronchetti Provera, said it would instead propose the appointment of Andrea Casaluci as chief executive.

Camfin also said it would indicate Tronchetti Provera as executive vice chairman.

Bruno is leaving to pursue his own business activities, the statement added.

The appointments are due to be approved at a shareholders’ meeting scheduled to take place by the end of July.

(Reporting by Gianluca Semeraro, writing by Alvise Armellini; Editing by Keith Weir)

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BEAR, DE – Delaware State Police are currently investigating a bank robbery that occurred at Wells Fargo last Thursday evening. Troopers were dispatched to 1601 Governors Place around 5 p.m., following a report of the incident. The suspect, described as a black male around 5’8” with an average build and believed to be about 30 years old, fled the scene on foot.

Upon their arrival, the Troopers learned that the suspect had entered the bank just before closing time. He had threatened an employee with a note indicating the presence of a bomb. This led the employee to place an undisclosed amount of money in a bag for the suspect. The suspect had then forced the employee to approach another bank teller to withdraw additional cash.

During this time, a 54-year-old woman was finishing up a large cash deposit. The suspect noticed the money on the counter, reached over, and took an undisclosed amount.

He was last seen heading east towards Bear Christiana Road through the parking lot. No injuries were reported in relation to this incident.

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MILFORD, DE – A single-vehicle crash last Friday night claimed the lives of two men. The Delaware State Police arrived at the scene on South Dupont Boulevard, south of Fleatown Road, at around 10:43 p.m. According to initial findings, a Ford Ranger had been traveling at a high speed when it lost control, causing it to veer off the road and collide with a highway sign.

The 30-year-old driver from Milford and his 29-year-old passenger were both ejected from the vehicle during the crash. The driver was taken to a local hospital where he succumbed to his injuries. The passenger was declared dead at the scene. The names of the deceased are being withheld until next of kin are notified. An investigation into the crash is ongoing.

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CUMBERLAND, MD – On Saturday, Kevin Eugene Lynch, 47, was arrested by Cumberland City Police in connection with an alleged assault.

The incident, which occurred on the 100 block of Baltimore St last Friday, involved Lynch allegedly assaulting a female victim with a knife.

The victim sustained non-life-threatening injuries. Lynch, who is currently being held without bond at the Allegany County Detention Center, faces charges of first-degree assault, second-degree assault, and disorderly conduct.

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LEWES, DE – Jacob Capozio, 38, has been arrested by Delaware State Police for burglarizing Grotto Pizza last Saturday morning. Troopers arrived at the restaurant, located at 17467 Shady Road, following a trespassing report.

Upon arrival, Capozio was found in a fenced area behind the business, wearing a Grotto Pizza polo shirt identified as part of the store’s employee inventory.

Capozio, who is not an employee of the restaurant, was seen on video surveillance entering the store and taking merchandise valued at less than $1500.

He has been charged with third-degree burglary, theft under $1500, and third-degree criminal trespass. Capozio was committed to the Sussex Correctional Institution on a $4200 secured bond.

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COLUMBUS, OH – On Monday, a deceased male was found by a passerby near the dumpsters in the rear parking lot of a business located in the 900 block of N. 4th St. Columbus Police Department responded to the scene at 4:17 AM, where they found the decedent with an apparent gunshot wound.

The man was pronounced dead at 4:27 AM by EMS 10.

Surveillance footage revealed the decedent was involved in a fight with two other men near the dumpsters at around 2:24 AM. Shortly after, all parties fled the scene.

The police are seeking any information regarding the men seen on the footage.

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Spent shell casing - File Photo

CAMBRIDGE, MD – A 19-year-old male gunshot victim is recovering today after a being shot early Monday morning.

At around 3:25 am, officers from the Cambridge Police Department responded to two locations regarding a potential shooting incident.

They first went to the University of Maryland Shore Medical Center at Cambridge and found a 19-year-old male victim with a single gunshot wound on his left side. The victim received medical treatment at UMSMC before being transported by ground to the University of Maryland in Baltimore.

Further investigation by CPD officers and detectives revealed that the victim had contacted a family member, informing them of being shot. Subsequently, the victim made his way to a residence on the 600 block of Greenwood Ave, where the family member arrived and transported him to the hospital.

CPD officers and detectives traced the incident to the 900 block of Camelia St.

A Search and Seizure Warrant for a residence in the 900 block of Camelia St was obtained by CPD detectives. The Dorchester County Sheriff’s Office S.T.A.R. Team executed the warrant, but no individuals were found inside the residence. However, CPD detectives discovered evidence related to the shooting incident during their search.

The shooting victim is currently in stable condition, and the investigation is ongoing. The Cambridge Police Department is seeking the community’s assistance and encourages anyone with information about the incident to come forward. Anonymous tips are welcome, and individuals can contact the CPD Criminal Investigation Division at 410-228-3333.

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By Philip Pullella

VATICAN CITY (Reuters) – Pope Francis held talks on Tuesday with Cuban President Miguel Díaz-Canel, who is making a rare trip to the West, as police kept a small demonstration demanding respect for human rights on the communist-run island away from the Vatican.

A Vatican statement did not give any details on what was discussed during 40 minutes of talks but said that in Diaz-Canel´s subsequent talks with Holy See diplomats the topic was the current situation in Cuba, with particular attention to the Cuban Church’s charity activities.

This appeared to be a reference to the country’s dire financial situation.

Cuba is suffering a near unprecedented economic crisis, with widespread shortages of food, fuel and medicine that have prompted a record-breaking outflow of migrants to the United States in the last year.

A Cuban embassy statement said Diaz-Canel expressed support for the pope’s efforts to achieve peace, protect the environment, promote nuclear disarmament and defend the poor.

Diaz-Canel, who was also due to meet Italian President Sergio Mattarella and officials of U.N. food agencies in Rome, rarely travels to Western nations. Last November, he travelled to China and Russia to meet with presidents in each country.

Pope Francis visited Cuba in 2015 and met with ailing revolutionary leader Fidel Castro, who died in 2016.

As the pope and Diaz-Canel met, about a dozen demonstrators opposed to the Cuban government held a protest near the Tiber River about six blocks away. They had planned to hold it outside St. Peter’s Square but police did not allow them.

The protesters held up Cuban and Italian flags and demanded the release of those they say are political prisoners. They held up a large banner reading “Respect Human Rights in Cuba”.

Communist-run Cuba has faced sharp criticism from rights groups, the United States and the European Union following the imprisonment of hundreds of protesters after the July 11, 2021, riots, the largest since Castro’s 1959 revolution.

Some of those who took to the streets, angered by blackouts and shortages amid the coronavirus pandemic, cried “freedom” and demanded a change in government.

Authorities in Cuba have said those jailed following the 2021 demonstrations are guilty of crimes including public disorder, resisting arrest, robbery and vandalism. They have wavered little from those arguments despite growing international pressure.

But during an unusual visit to Cuba early this year, Cardinal Benjamin Stella, an envoy of the pope, said he had discussed a potential prisoner release with Diaz-Canel.

(This story has been refiled to add the dropped hyphenated last name of Cuban President Miguel Diaz-Canel)

(Additional reporting by David Sherwood in Havana; Editing by Christina Fincher)

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LONDON (Reuters) – U.S. Secretary of State Antony Blinken said he would set out a new assistance package for Ukraine on Wednesday at a conference aimed at encouraging private companies to invest in the country’s reconstruction after Russia’s invasion.

Kyiv and London will host the Ukraine recovery conference in London on Wednesday and Thursday, when more than 1,000 foreign officials from over 60 states along with business chiefs and global investors will discuss ways to help the country rebuild.

“President Biden said … that we would stand with Ukraine for as long as it takes, and both of our countries are deeply committed to that,” Blinken told a press conference alongside British foreign minister James Cleverly on Tuesday.

“We will continue to deliver on that commitment, including through a new robust U.S. assistance package that I’ll be able to announce tomorrow.”

Both foreign ministers underlined the conference was focused on encouraging the private sector to use its resources to help speed Ukraine’s reconstruction but that Kyiv had to do its part by pressing on with reform and the world had to figure out a way to offer companies insurance against war damage and destruction.

“This week is very much about creating the conditions necessary for public sector money, of course, but predominantly private sector money to fund their reconstruction,” Cleverly said.

“Now, the precise details of how we do that, I don’t want to prejudge. The whole point of the next couple of days is that the UK uses its expertise as a global financial services centre, including as a global insurance centre, but also our convening power.”

Ukraine is seeking up to $40 billion to fund the first part of a “Green Marshall Plan” to rebuild its economy, including developing a coal-free steel industry, a senior Ukrainian official said before the conference.

The total bill will be huge, with Ukraine, the World Bank, the European Commission and the United Nations estimating in March that the cost was at $411 billion for the first year of the war. It could easily reach more than $1 trillion.

(Reporting by Sachin Ravikumar, writing by Elizabeth Piper and Muvija M, editing by William James and Kate Holton)

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CHERRY HILL, NJ – The Cherry Hill Police Department shared a message from K-9 Lasko on their Facebook page regarding pet safety during hot weather:

As temperatures rise, it is crucial for pet owners to take extra precautions to protect their furry friends. Look out for signs such as heavy panting or glazed eyes, which indicate heat-related distress. Remember that paved surfaces can become dangerously hot during a heatwave, posing a risk of burns to pets’ paws and pads.

Never leave your pets unattended in a parked car, even for a brief moment and even if the car is running with the air conditioner on. Warm days can cause the temperature inside a vehicle to escalate rapidly. For instance, on an 85-degree day, with windows slightly opened, the temperature inside a car can reach 102 degrees within 10 minutes and 120 degrees after 30 minutes.

Please prioritize your pet’s safety by following these guidelines. Stay vigilant and keep your furry companions safe during hot weather.

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FREDERICK, MD – (6/20/23) Police in Frederick Police Department is active this morning in the area of David Lane and are asking the public to avoid the area until further notice.

The Frederick Police Department posted on their Facebook page about ongoing police activity in the area of the 1300 Block of David Lane. They are requesting residents to avoid the area until further notice and express gratitude for their patience and cooperation.

The department did not say at this time what the nature of the incident or investigation is.

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North Tonawanda, NY – The North Tonawanda Police Department posted on their Facebook page about a found dog. The dog was discovered near their station on Payne Ave in the morning.

The dog is being cared for until its owner arrives for retrieval.

If anyone recognizes the dog or knows its owner, they are requested to call 716-692-4111, selecting option 0.

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By Julia Harte

(Reuters) – Abortion rights advocates and opponents are set to mark this week’s one-year anniversary of the U.S. Supreme Court’s decision to overturn the landmark 1973 Roe v. Wade ruling that had legalized the procedure nationwide with events to rally voters and highlight the ongoing fights over access.

The ruling, whose anniversary comes this Saturday, had a swift impact by freeing states to ban abortion. Republican-controlled legislatures in numerous states passed restrictive legislation, with near-total abortion bans now in place in 14 states even as opinion polls show that a majority of Americans want abortion legal in all or most cases.

Abortion rights supporters did manage in some states to fight off new proposed restrictions or codify abortion protections.

Ahead of a rally set for Saturday in Washington, Rachel Carmona, executive director of the Women’s March activist organization, acknowledged the devastating blow dealt to reproductive rights by the Supreme Court’s reversal last year.

“We are framing this to lift up the wins that we’ve had in the last year, but of course it’s a somber day for us,” Carmona said.

The rally, sponsored by several national groups, aims to ensure the day “does not go down as a victory lap for people who are trying to strip reproductive rights from our country,” Carmona added.

The White House said Vice President Kamala Harris will use a speech on Saturday in Charlotte, North Carolina, to make the case for national legislation to protect abortion rights – currently an unlikely prospect in a deeply divided Congress. Harris is set to deliver her speech a week before a new Republican-backed law takes effect in the state, banning abortions after 12 weeks of pregnancy, down from the current 20-week window.

Susan B. Anthony Pro-Life America on Tuesday will announce a new partnership with former White House advisor Kellyanne Conway, according to Emily Osment, a spokesperson for the anti-abortion group. Conway, who served as an adviser to former President Donald Trump, will lead the group’s messaging and help train Republican candidates to “get on offense to talk about pro-life protections moving forward,” Osment said.

Conway will be joined at Tuesday’s press conference by state lawmakers who have helped pass new abortion restrictions since Roe was overturned as well as staff from anti-abortion pregnancy crisis centers who have faced threats and attacks since the ruling, Osment said.

In last November’s congressional elections, Republicans narrowly won control of the House of Representatives but overall did not perform as well as had been expected. Strategists in both parties have attributed Democratic strength at the polls at least in part to higher support from women who back abortion rights.

CAMPAIGN ISSUE

Activists on both sides of the abortion debate have made clear that the issue will remain central in next year’s congressional and presidential races.

Susan B. Anthony Pro-Life America is urging candidates seeking the Republican nomination to back a federal ban on abortions after 15 weeks of pregnancy. Democratic President Joe Biden, an abortion rights supporter, is seeking re-election.

Reproductive rights advocates said they hope to harness popular support for legalized abortion to help elect officials who could reverse limits that already have been imposed and protect access where it remains intact.

Some 64% of respondents in a Reuters/Ipsos poll in May said they were less likely to support a presidential candidate who backed laws severely restricting abortion, compared to 36% who said they were more likely to back such a candidate.

Critical election battlegrounds include Virginia, the Southern state with the least restrictive abortion laws and one of a few places where voters will elect new state legislators this November, according to Christina Reynolds, spokesperson for the group Emily’s List that backs Democratic female candidates who support abortion rights.

Glenn Youngkin, Virginia’s Republican governor, wants greater limits on abortion, but a narrow Democratic majority in the state Senate has blocked any such measure. Reynolds said her group will be fighting to protect that Senate majority and try to pick up seats in the state House of Delegates.

The biggest expansions of abortion rights over the past year occurred in states including Michigan and Minnesota where Democrats control both the legislature and the governor’s office, Reynolds said.

“We want to make more states Michigan and Minnesota,” Reynolds said.

NARAL Pro-Choice America, another group involved in Saturday’s rally in Washington, is mobilizing its 4 million members to canvass, make phone calls and collect signatures for ballot measures such as an Ohio state constitutional amendment that would protect abortion rights, according to Ryan Stitzlein, the group’s senior political director.

In every election since the Supreme Court ruling, Stitzlein said, “abortion has been front and center, and a huge motivating factor for voters – and we expect that to continue.”

(Reporting by Julia Harte in New York; Editing by Will Dunham and Colleen Jenkins)

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(Reuters) – Newmont said on Tuesday it would defer making an investment decision about its Yanacocha Sulfides expansion project in Peru by at least two years.

Last year, the company deferred the decision deadline for the $2 billion project that is expected to extend the life of Newmont’s Yanacocha gold mine beyond 2040 to the second half of 2024.

The world’s biggest gold miner, which did not specify when it would make the decision, said the deferral would help it cut its expenditure by at least $300 million in 2024.

Newmont is in the process of acquiring Australia’s Newcrest Mining for $17.8 billion, which would lift the company’s gold output to nearly double that of its nearest rival, Barrick Gold.

(Reporting by Tanay Dhumal in Bengaluru; Editing by Vinay Dwivedi)

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NEW YORK, NY – Gunfire erupted Monday evening in Brooklyn. When the smoke cleared, a 16-year-old male victim was dead.

Police were dispatched to a report of a shooting incident on Monday at around 5:47 PM. The incident occurred at 119 Marcus Garvey Boulevard in Bedford Stuyvesant.

Upon reaching the scene, officers found a 16-year-old male with a gunshot wound to the head.

Emergency Medical Services arrived and transported the injured male to NYC Health and Hospitals/Woodhull, where he was pronounced dead.

Currently, no arrests have been made, and the investigation is ongoing. The identity of the deceased is awaiting notification of the family.

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NEW YORK (Reuters) – The U.N. has adopted the world’s first treaty to protect the high seas and preserve marine biodiversity in international waters, marking a milestone after nearly 20 years of effort, U.N. Secretary-General Antonio Guterres announced Monday.

The adoption followed an agreement reached in March by more than 100 countries on the of text of the High Seas Treaty, also known as the Biodiversity Beyond National Jurisdiction treaty, after more than 15 years of discussions and five rounds of U.N.-led negotiations.

In approving the text, member states have “pumped new life and hope to give the ocean a fighting chance,” Guterres said in a statement.

The agreement will be open for signature in New York for two years starting Sept. 20, the day following a summit on the U.N. sustainable development goals. It will take effect after 60 countries ratify the agreement, according to the U.N.

The pact is a key plank in efforts to put 30% of the world’s land and sea under environmental protection by 2030, a goal set in December.

Among other provisions, the legally binding agreement would govern sharing benefits derived from marine genetic resources beyond national jurisdictions, creating protected areas on the high seas and establishing a framework for assessing environmental damage.

(Reporting by Douglas Gillison; Editing by Lisa Shumaker)

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(Repeats to add link to report in paragraph 2)

By Gloria Dickie

(Reuters) -Glaciers in Asia’s Hindu Kush Himalaya could lose up to 75% of their volume by century’s end due to global warming, causing both dangerous flooding and water shortages for the 240 million people who live in the mountainous region, according to a new report.

A team of international scientists has found that ice loss in the region, home to the famous peaks of Everest and K2, is speeding up. During the 2010s, the glaciers shed ice as much as 65% faster than they had in the preceding decade, according to the assessment by the Kathmandu-based International Centre for Integrated Mountain Development (ICIMOD), an intergovernmental scientific authority on the region. 

“We’re losing the glaciers, and we’re losing them in 100 years’ time,” said Philippus Wester, an environmental scientist and ICIMOD fellow who was the lead author of the report.

The Hindu Kush Himalaya stretches 3,500 km (2,175 miles) across Afghanistan, Bangladesh, Bhutan, China, India, Myanmar, Nepal and Pakistan.

At 1.5 degrees Celsius or 2C of warming above preindustrial temperatures, glaciers across the entire region will lose 30% to 50% of their volume by 2100, the report said.

But where glaciers will melt most depends on location. At 3C of warming — what the world is roughly on track for under current climate policies — glaciers in the Eastern Himalaya, which includes Nepal and Bhutan, will lose up to 75% of their ice. At 4C of warming, that ticks up to 80%.

THE FULL PICTURE

Scientists have struggled to assess how climate change is affecting the Hindu Kush Himalaya. Unlike the European Alps and North America’s Rocky Mountains, the region lacks a long historical record of field measurements that reveal whether glaciers are growing or shrinking.

“There was always some uncertainty in the Himalaya — are they really melting?”, said Wester.

In 2019, the United States declassified spy satellite images of the region’s glaciers dating back to 1970, providing a new scientific baseline.

Further advances in satellite technology in the past five years, alongside bolstered field efforts, have buoyed scientists’ understanding of the changes underway. The report draws on data running through December 2022.

“While the knowledge of the Himalayan glaciers is still not as good as the Alps, it’s now comparable to other regions like the Andes,” said Tobias Bolch, a glaciologist with Graz University of Technology in Austria unaffiliated with the report.

Compared with a 2019 ICIMOD assessment of the region, “there’s a much higher level of confidence now in these findings,” said Wester. “We have a better sense of what the loss will be through to 2100 at different levels of global warming.” 

LIVELIHOODS AT RISK

With this newfound understanding comes grave concern for the people living in the Hindu Kush Himalaya.

The report found water flows in the region’s 12 river basins, including the Ganges, Indus, and Mekong, are likely to peak around mid-century, with consequences for the more than 1.6 billion people who depend on this supply.

“While it may sound like we’ll have more water because glaciers are melting at an increased rate … too frequently it will arise as floods instead of a steady flow,” said Wester. Past peak water, supplies will eventually dwindle.

Many high mountain communities use glacial water and snowmelt to irrigate crops. But the timing of when snow falls has become more erratic, and there’s less than there used to be.

“We’ve had … huge numbers of yak deaths because during summer they go to higher pastures,” said report co-author Amina Maharjan, a senior specialist in livelihoods and migration at ICIMOD. If the snow falls too soon, “the entire area is covered in snow and they don’t have grass to graze”.

People are now moving away from mountain communities to earn income elsewhere, she said.

Melting glaciers also pose a danger to downstream communities. Runoff pools in shallow lakes, held back by rocks and debris. The risk comes when a lake overfills, bursting through its natural barrier and sending a torrent of water rushing down mountain valleys.

Governments are trying to prepare for these changes. China is working to shore up the country’s water supplies. And Pakistan is installing early warning systems for glacial lake outburst floods.

(Reporting by Gloria Dickie in LondonEditing by Frances Kerry)

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NEW YORK, NY – Police are investigating a murder that took place in Harlem yesterday.

Police received a 911 call reporting a shooting incident on Monday at around 9:57 PM. The incident took place at 230 West 140 Street in Harlem.

Upon reaching the scene, officers found a 38-year-old male with a gunshot wound to the head. Emergency Medical Services arrived and transported the injured male to NYC Health and Hospitals/Harlem, where he was pronounced dead.

As of now, there have been no arrests made, and the investigation is ongoing. The identification of the deceased is awaiting notification of the family.

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By Tom Sims

FRANKFURT (Reuters) – Deutsche Bank’s new retail boss wants to get cyber-savvy youth into bank branches and put the bank at the heart of communities, a bold vision in an industry struggling to balance technology with a brick-and-mortar presence.

For years, banks in Europe, including Deutsche, have been slashing branch networks to save costs and take advantage of technology like smartphones, while some competitors have sprung up with online-only offerings.

Claudio de Sanctis, who will on July 1 take over Deutsche Bank’s giant retail business, said European banks need a “different concept” for their branches, which have become “not that exciting” as mere transaction-based spaces.

A philosopher by education with years of banking for the rich under his belt, de Sanctis wants to see retail branches become a focal point of communities – like churches – larger, more welcoming and “a place where people who have the time and the interest can go”, he said in an interview last month.

“If you were to go to a university today and tell a bunch of students, ‘Guys, you want to hang around in the bank branch?’, they would look at you like you’re crazy. That makes me very excited about trying to do that because I love that kind of challenge,” he said.

The Italian and Swiss dual citizen will assume the helm of one of Deutsche’s biggest businesses months earlier than the November date initially planned, the bank announced on Tuesday, a promotion to oversee a division that brings in a third of the bank’s revenue and employs more than four of every 10 staff.

“Banks have lost the role they played in society over the last 20 to 30 years. When I was a kid, the advisors of the family were the priest, the doctor and the bank,” de Sanctis said.

“Today, our economic purpose is still there, but we are no longer that sort of central aggregator. And I believe that that’s very much needed in Europe.”

He was, however, short on specifics on how to achieve his vision ahead of officially taking the job, succeeding Karl von Rohr who said in April he would be leaving the bank.

‘CLEAR RESPONSIBILITIES’

Other banks have dabbled in spicing up their branches. The Spanish bank Santander has set up so-called work cafes that combine branches with coffee houses.

Deutsche has pared its retail network by more than 300 branches over the past five years to around 1,000 today.

The bank is expected to continue to trim branches as it seeks further ways to curb expenses, a person with knowledge of the matter said. S&P, which last month upgraded its outlook for the bank, said that the retail division has “considerable scope” to cut costs.

De Sanctis’ ascension is part of Deutsche’s biggest management shake-up since 2019.

Its supervisory board in recent days agreed for him to assume the role next month in a move the bank described as creating “clear responsibilities at an early stage”.

Deutsche Bank’s retail business encompasses wealth management in far-flung financial capitals – with clients that have included Donald Trump and the late financier Jeffrey Epstein. It also operates retail branches in Italy and Spain, with a focus on entrepreneurs.

But the bulk of its millions of customers are in Germany, where Deutsche also operates under the Postbank brand.

In recent years, retail – which Deutsche calls its “private bank” – has lagged the investment bank in revenue growth, and it has been dogged by technology integration issues it hopes to overcome soon.

Deutsche’s retail outlets have also been among targets of Dutch gangs that cross the border and blow up German ATMs for their cash.

Higher interest rates by central banks to fight inflation are now lifting the fortunes of the division.

De Sanctis joined Deutsche Bank in Switzerland in 2018 after years as a wealth manager for Credit Suisse, UBS and Barclays. He has most recently been overseeing Deutsche’s wealth management and international retail operations.

He challenged the notion that banks have evolved because they went digital.

“There has been very, very little revolutionary development of the retail space in the last 20 years in Europe,” he said.

The sector is “primed for a proper shake-up”.

(Reporting by Tom Sims; editing by Sabine Wollrab, John O’Donnell and Emelia Sithole-Matarise)

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NEW YORK, NY – The New York City Police Department is requesting the public’s help in finding a missing person. Jose Abreu, a 75-year-old Hispanic male, was reported missing on Monday.

Abreu was last seen leaving NY Presbyterian Queens Hospital, located at 56-45 Main Street in Queens.

He is described as 5’9″ tall, weighing 160 pounds, with a medium complexion, slim build, gray hair, brown eyes, and a mustache. Abreu was last seen wearing a blue checkered long-sleeve button-down shirt, black pants, and black shoes.

If you have any information about this incident, please contact the NYPD’s Crime Stoppers Hotline at 1-800-577-TIPS (8477) or for Spanish, 1-888-57-PISTA (74782). Tips can also be submitted on the CrimeStoppers website at https://crimestoppers.nypdonline.org/ or via Twitter @NYPDTips.

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