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In record numbers, hungry bears invade US West homes and shops
Matt Errico, sitting on his toilet in Colorado, heard noises. After a brief stare-off, they bolted out of the front door. After a?staring match, the two bears bolted from the front door. Errico had seen bears in his garbage before, but this was the first time. Errico, a small mountain town located about 57 miles (92 kilometers) northwest of Denver, said, "I've never heard of cubs being inside someone's home." Black bears have been spotted also in a Granby vapor shop. They are among the thousands of black bears that are heading to towns and cities in the U.S. West at record numbers. According to bear experts and state wildlife agencies, bears wandered around a Santa Fe school, New Mexico; climbed trees near a Denver farmers' market and surprised people in other places across the nation after the driest, most arid winter in history wiped out the plants, grasses and nuts which make up 90% of their diet. Animals' amazing sense of smell draws them to food. According to wildlife agencies, this is leading to record-breaking bear deaths as hundreds of them are killed, shot, or electrocuted when they interact with humans. Testing the Bears With West's aridification predicted to continue, experts are concerned that bears could become habituated to eating human food or even stop hibernating if winters get too warm and food becomes scarce. Black bear expert Jon Beckmann explained, "It is like testing the bears and humans in a new way. People have moved into areas that bears once used to hunt for food. In states such as Nevada, where they were nearly wiped out a century earlier, bear populations are on the rise. According to Colorado authorities, black bears are the most healthy of the eight bear species in the world. There are between 17,000 and 20.000 bears living there. Colorado Springs, Vail and other cities in that state are now surrounded by bears because of the increase in human population. Colorado, home to only black bears, had 7,000 bear sightings last year, according to the wildlife agency of the state. This is more than the previous record set in 2019. At least six bear attacks have occurred in the state. Jonathan Livingston, spokesperson for Colorado Parks and Wildlife, says that between 1.5% and 2% of sightings result in euthanasia. Bears are usually killed when they're deemed dangerous. For example, when they attack people or break into houses. Wildlife agencies need to do more to avoid conflicts, say conservation groups such as the Colorado Bear Coalition. Livingston said that if people report bears to authorities early, officials are able to avoid euthanasias by scaring the animals away. New Mexico wildlife agency reports that officials and landowners have killed 187 black bears, the highest number since 2011. The agency has relocated 36 adults and 16 cubs. Police reported that a bear attacked a man last week in New Mexico, the first such attack in the state in 25 years. Utah authorities have reported that they have euthanized a total of 39 animals this year, a record number for any full year. The wildlife agency of Montana said that sightings in Montana are too many to count. Grizzlies have been moving into areas where they had not visited for decades. According to the wildlife agency, 24 grizzlies died in 2014. Most of them were killed by attacking livestock, people, or cars. A grizzly killed a man in Montana's Glacier National Park last May. Few fatal bear attacks are reported in the West each year. BEARMAGGEDON? Authorities are urging residents to use bear resistant garbage bins and not leave trash cans on the streets for long periods of time. They also urge them not to put bird or pet food within reach of animals. Livingston explained that many clashes begin with someone dumpster diving. They can end up with a black bear weighing 200 to 400 pounds (91-181 kilograms) with razor-sharp claws of 3 to 4 inches (8-10 cm). Heather Reich, a Nevada bear expert, hopes that drought conditions will ease and the animals will return to the wilderness. She fears that bears are just starting to gain weight in preparation for hibernation. We can't imagine how September and October will look. It's going to be Armageddon," said Reich. A former bear manager at Nevada's Wildlife Agency, Reich now sells doormats that emit an electric charge to keep bears out of homes. (Reporting from Andrew Hay in New Mexico, Editing by Donna Bryson & Mark Porter)
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Sources: Gunfire and explosions at Niamey's airport and perimeter of the presidency in Niger
According to two witnesses, gunfire and explosions were heard in several parts of the capital city, Niamey on Saturday morning. The cause of the explosions and gunfire is not known. The city, and more specifically the complex that houses the international airport, and the military airbase, experienced major unrest for the third time this year. This highlights the persistent insecurity of the military-led regime which took power in a 2023 coup, promising to restore order. Security sources reported that "terrorists'" attacked the Diori Hamani International Airport and tried to breach the perimeter security around the presidency. Witnesses reported hearing heavy gunfire near the presidency. Bana Wagana Ibrahim is a member of Niger’s Bureau of the Consultative Council, and a delegate in the Alliance of Sahel States Parliament (AES). He said on Facebook that attackers targeted the military base, Base 101, but security forces had recovered control. Ibrahim wrote: "Another cowardly assault on Base 101? and once again, our defence forces and security forces made sure... situation under control." A witness, however, reported that there was 'further gunfire and heavy explosions at the airport in the early morning hours following Ibrahim's posting. Another security source said that security forces launched massive operations, and that attackers were "neutralized", while others fled. We could not independently verify Ibrahim's and the sources of security. The military government of Niger was not available to comment immediately. NIGER IS KEY URANIUM PRODUCER Since a coup in July 2023 that removed President Mohamed Bazoum, the Niger has been ruled militarily. Despite promises by its military leaders to improve security, Burkina Faso continues to fight islamist insurgencies that are linked to?al Qaeda or Islamic State. West Africa's al Qaeda -affiliated group claimed responsibility for a?attack in June on the airport at Niamey, five months after Islamic State Sahel Province had targeted the site. Since gaining power, Abdourahamane Tiani’s?junta shifted away Western partners, deepened ties to Russia, and broke with the regional ECOWAS group, joining Mali, Burkina Faso, and forming the AES breakaway bloc. Niger's unrest comes at a time when authorities are tightening control over the country's uranium industry, after seizing assets from France Orano. Niger was a major supplier of nuclear fuels to Europe, with about 15% of Orano’s uranium at full capacity. According to a government decree, last week the government redistributed former Orano uranium and GoviEx permits to state-backed firms.
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The risk of a lake bursting near the China-Nepal border disaster area is decreasing
Chinese authorities reported on Saturday that the threat of a large lake forming after a 'glacier collapse' near the border between China and Nepal, where a deadly flood occurred earlier this week, has diminished. Satellite images taken from Thursday morning to Saturday morning show that the water flowing through the lake, which straddles the China-Nepal boundary at the confluence two rivers, has been decreasing the reservoir slowly, according to state broadcaster CCTV, citing the Water Resources Ministry. Satellite images of the lake surface at Purepu Tsangpo River showed that it was around the size 14 football fields combined on Saturday morning. This is a 21,000 sqm reduction compared to Thursday's images. A massive glacier slide on Wednesday sent a torrent of rocks, ice, and debris down the Himalayan river systems, washing away a complex of border ports linking China's Tibet with Nepal. Hundreds were killed, while thousands are still missing. Authorities and experts have warned of the high risk of secondary disasters, particularly from the lake formed by glacier debris. This could endanger rescue operations downstream. China Anneng, a state-owned engineering and safety enterprise, has been monitoring Lake Tai since Thursday. On Friday, a 15-member group was sent with reconnaissance drones and portable satellite stations, as well as mobile surveillance cameras, to collect more information about the lake. A lake overflow on Friday temporarily stopped rescue efforts until further assessment determined that the risks were manageable. Authorities have also marked another large body of water below the collapsed glacier. The depth of the mudslide is not known, said Chen Hongqi a senior engineer with the Geological Disaster Technical Guidance Center of Ministry of Natural Resources. An official from Nepal's Disaster Management Authority said that flood risks would?remain" until the two lakes had been completely drained. According to CCTV, in a 'bleak rainy morning on Saturday, more than fifty rescue workers searched through the grey rubble and mud of boulders looking for any survivors and calling out. On Friday afternoon, a first team of search and rescue dogs had arrived at the location of the Gyirong Border Crossing Complex. They described it as nothing but ruins. Xinhua, the state news agency, said that the Chinese relief efforts continue to be challenged by the dangerous conditions in the main disaster area, which are made more complicated because roads and communications have been cut off. China's death toll from the disaster grew to seven early on Saturday morning, with 554 people still missing. Xinhua reported that a total of 555 tourists, including nearly 500 villagers, construction workers and all 555 tourists, have been evacuated from the affected area.
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Foreign Minister says Nepal needs assistance in technical areas and not in search and rescue.
Nepal is in need of foreign assistance in areas such as search and rescue and specialised technical fields, which are not its expertise, following the devastating flood that struck its Himalayan border area with China last week. The collapse of a glacier on Wednesday released a torrent of rocks, ice, debris and mud into the Himalayan river systems. Nearly 600 people were killed in Nepal, China, Tibet, while more than 2,000 are still missing. Shisir khanal stated that Kathmandu needed foreign assistance in areas like rescuing people trapped in tunnels, opening communication and transport services where bridges were destroyed, identifying?dead bodies, DNA testing, and storing corpses for longer periods. Khanal, late Friday night, said that "we have already requested such specialised services as well as technical assistance in the areas where we lack expertise and know-how." The giant neighbours India and China, between whom this poor Himalayan nation is wedged, were asked to allow bailey bridges in the disaster-hit region, where two dozen bridges had been destroyed, to reopen as soon as possible. On Friday, the Nepalese foreign ministry said that Kathmandu was able to manage rescue efforts on its own and had declined foreign involvement. Khanal, when asked about the stance taken by his government, said that there was no need for?assistance in general?search and rescue?which was being done?by Nepali rescuers. He said, "We don't think this needs to be repeated."
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Trump: U.S. oil deal with Venezuela.
On Friday, U.S. president Donald 'Trump' said that the U.S. entered into an oil agreement with Venezuela. Trump said on Truth Social that Secretary of State Marco Rubio and Secretary of war Pete Hegseth had secured the majority U.S. ownership of more than 65 BILLION BARRELS of proven oil reserves in Venezuela. This was done at no cost to American taxpayers. Trump claimed that the agreement would double American oil reserves. The U.S. has been promoting American investments in the deteriorated Venezuelan energy industry since January when it?captured? and removed? former President Nicolas Maduro. The Trump administration is under pressure to lower gasoline prices ahead of the midterm elections later this year. This could be achieved by reducing oil supply costs and increasing production. The U.S. has also been searching for ways to?replenish the Strategic Petroleum?Reserve (the oil stockpile), including the possibility of swapping crude with U.S. producers. Reporting by Costas Pittas and Christian Martinez, Editing by Jasper Ward & CaitlinWebber
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Moody's changes Nigeria's outlook from 'negative' to 'positive'
Moody's ?on Friday revised Nigeria's outlook ?to "positive" from "stable", citing the country's improved ability ?to withstand ?external shocks ?due to ?its increased foreign exchange reserves and stronger-than-expected economic growth. Africa's third largest economy, which is also a major oil exporter, has benefited from the rise in crude prices caused by the Middle East conflict, as well as the increase in refined petroleum products exported, boosting its current account surplus. Moody's expects that the West African nation's excess "will?remain substantial even with materially lower oil prices." The World Bank projected Nigeria's economy to grow by 4.2% in 2026. They also said that fiscal discipline, tighter monetary policy, and higher oil revenues could help to?strengthen the macroeconomic stability of Nigeria and contain inflation. Moody's has confirmed the country's rating at "B3", as it reflects fiscal pressures due to limited revenue generation?capacity and weak debt affordability. In May, S&P Global Ratings upgraded Nigeria's sovereign rating from "B-" to "B", citing improved creditworthiness and sustained structural reforms. A month earlier, Fitch had affirmed Nigeria's "B" rating with a stable outlook.
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Gold falls 3% after Fed Warsh comments increase rate hike bets
Gold prices reversed their course on Friday and fell over 3% as traders increased bets that interest rates would rise after Federal Reserve Chairman Kevin Warsh made remarks about curbing inflationary forces. By 01:44 pm EDT (1744 GMT), spot gold had fallen 2.9% to $4,567.23 an ounce, its lowest price since August 20. U.S. gold futures for December delivery settled ?2.9% lower at $4,529.9. Bullion is down 2.9% after today, a drop from its more than three-month high price of $4,696.18 on Tuesday. "Gold is being slapped as Chair Warsh confirms that inflation isn't slowing meaningfully and the Fed still has work to do." It may be once again a case of'speak out loud and carry a short stick,' but this will make the price of the September meeting look like a coin toss," said independent analyst Tai Wong. The traders increased their bets for a rate hike in September after Warsh stated that the Fed would "have to work" if they are not confident the underlying inflation will return to the 2% target. This is the closest Warsh has come to admitting interest rate increases may?be necessary to ease the price pressures. According to the CME FedWatch tool, traders now expect a U.S. interest rate increase in September. This is up from 36% before Warsh's remarks. They also see an 89% likelihood of an increase in December. In an environment of high interest rates, gold tends to lose its appeal as it provides no yield. Dollars rose to a record high of over a week, increasing the price of greenback bullion for holders of other currencies. This week, gold discounts in India fell as the market grew sceptical that the government might consider rolling back a recent increase in import duties. Spot silver dropped 3.5% to $66.21 per ounce. Platinum was down 0.6% to $1,835.07 while palladium rose 5.3% to $1422.25 an inch.
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Author of new study calls the myth that Robusta coffee is climate resilient a "myth".
In an interview, the lead author of the study called the widespread belief that Robusta coffee was more resistant to climate change than other varieties an "internet myth" that was based on flawed studies that ignored the crop's vulnerability and its inability to tolerate drought. Robusta coffee is often viewed as a cheap filler when compared to arabica beans. However, each year, millions of bags are shipped worldwide, with the majority coming from Brazil and Vietnam. The findings published in the Wiley journal Sustainable Development late Thursday are a challenge to those who advocate robusta as an alternative way of coping with 'climate change' in the coffee industry. Any reassessment on robusta's climate resilience will have implications for farmers, traders, and consumers as the demand for robusta increases around the globe. A Vietnamese coffee official said earlier this month that adapting climate change is no longer an issue for the future but a 'urgent necessity' to protect output. The robusta plant's high heat tolerance is often cited by the media, farmers, and researchers as the "coffee industry"s answer to climate change. However, a new paper published in Sustainable Development has found that these previous assessments are at best provisional. The paper cited errors in research, such as treating irrigated farmland as the best growing area. Aaron Davis, the lead author of the paper and senior research leader for crops and global changes at the Royal Botanic Gardens in Kew, said that the "internet myths" about Robusta being more resilient to climate change emerged a decade or so ago. Davis stated, "I found that it was troubling that some people were not interpreting science correctly and were advocating robusta to save the coffee industry from climate change." "Robusta can tolerate more heat than arabica but is not drought-tolerant." The paper concluded that Brazil, Vietnam, and India do not have the right climate to grow robusta. It recommended irrigation as a way to make sure the plants get enough water to be profitable. Previous?studies sought to highlight the robusta's resistance, suggesting that the beans were more resistant to a?drought. They also suggested that they are a boon to farmers. The paper stated that any expansion of robusta production must take into account the crop's vulnerability. It added that "growers" in certain regions already face serious problems with water availability for irrigation. The study concluded that relying solely on irrigation to ensure robusta's survival and profitability is fraught with inherent dangers. Davis stated that "the global coffee supply must undergo major structural and systematic changes if it is to survive for the long-term."
INSTANT VIEW: Investor reactions to Trump's agreement to a two-week ceasefire.
The U.S. president Donald Trump announced on Tuesday that the two-week ceasefire agreement with Iran was reached less than two hours prior to his deadline of Tehran reopening the Strait of Hormuz, or facing widespread attacks against its civilian infrastructure.
Oil fell, bonds rose and stocks surged as the ceasefire seemed to pave the way for lasting peace and the resumption Gulf oil and natural gas exports.
Here are some comments from analysts and investors:
SAUL KAVONIC HEAD OF ENERGY RESEARCH MST MARQUEE SYDNEY
This is a way out of Trump's bombastic ultimatum but it does not mean that the oil market or war will be over. The oil and LNG shut down is unlikely to resume until there's more confidence that a ceasefire will last.
A two-week ceasefire could allow some LNG and oil tankers to be released from the Strait of Hormuz, easing some of the market pressure in May. It does not lead to more production but rather a release of water storage.
Even if there is a peace agreement, the market would be between 3 million to 5 million barrels per day tighter in the coming years than pre-war expectations due to the damage done to the oil and oil products export infrastructure, which will take months, if not years, to repair.
SHINGO IDE, CHIEF EQUALITY STRATEGIST, NLI RESEARCH INSITUTE, TOKYO
"This was not a unilateral statement from Trump or the U.S. Pakistan's role as a mediator lends it credibility.
"I believe there is a growing hope that if the situation continues in this manner beyond these two weeks, then it could transition to a real truce.
"That being said, the United States is still far behind Iran in their thinking... and what Israel is aiming at is on a completely different level. "I think that there is still much to do before these three parties reach an agreement they can all accept."
KYLE RODDA, SENIOR MARKET ANALYST, CAPITAL.COM, MELBOURNE:
This is the Grande TACO that the markets were looking for. This is a significant development that could be a turning point in the markets. In this world, things can swing violently based on another headline. The re-opening is huge. Oil prices are likely to have reached their peak. This crisis will have ripple effects. We've likely seen the?peak of escalation, and volatility."
PRASHANT NEWNAHA SENIOR RATE STRATEGIST TD SECURITIES SINGAPORE
"A new escalation is not ruled out. But the markets treat this ceasefire like it's the real thing, and all parties will market the ceasefire to the public as a huge win. As the worst case scenario has been avoided, risk assets and bonds are expected to rally.
Looking further ahead, oil prices will not return to their pre-war level. This will make the persistence of inflation a major theme for markets. It is likely that this will put a halt at some point to the current rally in rates.
RAY ATTRILL HEAD OF FOREX STRATEGY NATIONAL AUSTRALIA BANK SYDNEY
"A lot needs to happen in the next 14-days. The markets still need to proceed with the degree of scepticism Iran fully accepts, leaving them vulnerable to a retracement.
I don't believe anyone will be betting on a final resolution to the Middle East issue, and there will be concern about the amount the oil price will drop. We know that it will take months to repair the damage. "$90 is very different from an oil price between $75 and 85."
CHARU CHANANA CHIEF INVESTMENT STRATEGIST SAXO SINGAPORE
This is a de-escalation sign for the markets, particularly with Hormuz's reopening. It reduces the immediate shock of oil and supports risk sentiment.
The key question is whether the talks continue to progress during this two week window. Also, will energy flows and shipping activity return to normal? And, finally, will insurers and tanker owners regain sufficient confidence that Hormuz can function again smoothly? This will determine if this is just a relief rally, or if it looks more like a de-escalation lasting."
JAMIE COX MANAGING PARTNER HARRIS FINANCIAL GROUPS, RICHMOND VIRGINIA
Markets predicted that Trump would be looking for a way out of Iran. He got one today and he took it.
The markets have risen over the past week as a result of a rise in the number of tough talks, which is usually followed by the inevitable twist in order to reach a settlement.
BESA DEDA CHIEF ECONOMIST WILLIAM BUCK SYDNEY
Markets are likely to show cautious optimism, since this is the first meaningful truce since hostilities started. Investors will be aware that the ceasefire may not last. It is hoped that this will happen, thus limiting the risks of a more profound economic impact.
Even if the ceasefire leads to a final resolution, it will take some time to repair and restore infrastructure and refineries. It's better than the prolonged impact.
ANDREW LILLEY IS THE CHIEF RATES STRATEGIST, BARRENJOEY SYDNEY.
"We have a long way to go to get back where we were before this began. Now, the market is unsure about the extent to the which oil prices will return to $75.
"This little precipice, where oil is flowing and no one is in shortage, but it remains at a price equilibrium of $90 is where you eliminate the tail risk, which central banks are cutting.
It's a scenario that will result in permanent high yields, because we'll have damaged infrastructure for months and a high oil price that is going to stick around. This means we're going get higher inflation."
GEORGE BOUBOURAS, HEAD OF RESEARCH, K2 ?ASSET MANAGEMENT, MELBOURNE:
Restocking the energy supply is key in the coming week, as the conflict could re-ignite quickly. It is less likely that a recession will occur, especially if oil, gas and fertiliser are available in the coming week. The markets are never complacent and always pragmatic as they look through the conflict. Valuations remain compelling from a 1-year perspective."
MARTIN WHETTON HEAD OF FINANCIAL MARKETS STRATEGY WESTPAC SYDNEY
"This happens every day." Does it mean that people will take on new risks? It doesn't.
"There would need to be a real lasting peace (to change the situation). The people aren't taking any risks. "This is just algos doing things."
BRIAN JACOBSEN CHIEF ECONOMIST ANNEX WEALTH MANAGEMENT MENOMONEE FALLS WISCONSIN
"President Trump stated that he had agreed to a ceasefire of two weeks. This is enough to maintain hope that an entire civilization will not be destroyed and oil could start flowing through Strait of Hormuz.
Is it simply a matter of moving the goalposts, TACO Tuesday or any other metaphor that we choose, only for tempers to flare up and bombs to drop again? Who knows? "But it's good for now, to elicit positive responses from the markets." Reporting by Tom Westbrook in Singapore, Ankur Banerjee in Tokyo, Gregor Stuart Hunter in Singapore, and Tony Munroe and Ankur Banerjee in Singapore; editing by Sumeet Chaterjee
(source: Reuters)