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Clashes in Pakistan-administered Kashmir kill 11 ahead of protest
Clashes in Pakistan-administered Kashmir ahead of a protest called for Tuesday killed ?11 people and injured more than 70 as ?police and paramilitary forces sought to scatter a group of protesters from a ?banned alliance of civil society ?groups. The police said that the protesters from 'the Joint Awami Action Committee', which aims to protect economic and political freedoms, had gathered in front of the hospital morgue, where another member of the group was taken following his death by firing. Sardar Waheed Khan said that four police officers and one passerby were killed after miscreants fired at them. He added, "As a result of law enforcement's response, six protesters died." Liaqat Malik, the police chief in Pakistan's Himalayan region which is a flashpoint between India and Pakistan, said that 23 security officials were injured in the incident on Sunday. He also added that 50 protesters had been injured. Thirty offenders have since been arrested. Shaukat Mir, a JAAC member, said in a video on X that the state had begun a massacre against our people in Rawalakot. He pledged that the group will remain united in order to achieve the June 9 lockdown. Khan responded by saying, "The JAAC leaders are misleading the masses when they call it a massacre. The state's actions were meant to restore order. He said that when security forces attempted to disperse?protesters the group's militants used automatic rifles as well as petrol bombs to target them. The JAAC announced the strike in protest of the reservation 'of 12 seats for refugee candidates at the July 27 regional legislative?body elections, out?of?45 that were up for grabs. The alliance wants to abolish the reserved seats of the Azad-Jammu-and Kashmir Legislative assembly, which are contested by candidates from Pakistan, not Kashmir. The regional government declared the JAAC a prohibited group on Friday under an anti-terrorist law and advised 'domestic and international tourists to leave before June 9'. After clashes with the security forces, the JAAC's supporters turned the deadly protests against the rising cost of electricity and flour into mass demonstrations. Reporting by Tariq Mqbool, Writing by Mubasher Bukhari; Editing Clarence Fernandez
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NATO kills drone in Latvian airspace - army
NATO fighter jets shot down on Monday a 'drone' that entered Latvian airspace from Russia, according to the Baltic nation's military. This is the latest incident in a long line of security incidents near Europe's eastern borders. The origin of the drone was not immediately known. In recent months, Ukraine has increased its long-ranged drone attacks against Russia, including the Baltic Sea region, where several Ukrainian military aircraft have entered the airspace of Finland and Latvia. In a social media post, the Latvian army stated that "Allied fighter 'jets successfully shot down a drone which was flying into Latvian Airspace!" The authorities warned residents in eastern Latvian regions earlier Monday to take shelter inside due to the threat. The alert was lifted 'when the drone had been shot down,'?the army? said. The 'war in Ukraine' is spreading to NATO's northern border, according to fears sparked by military drones that have crossed into Russia's airspace. Last month, a NATO jet shot down a suspected Ukrainian drone in Estonia. (Reporting and writing by Janis Sytas and Andrius Laizans, editing by Terje Solsvik).
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London Copper nears 1-week Low on Continued Inflation Worries
London copper prices remained at a one-week low on Monday due to weaker Chinese 'prices, and expectations that the Federal Reserve will be influenced by strong U.S. job data and higher oil prices. The benchmark three-month copper price on the London Metal Exchange rose 0.19%, to $13,545 per metric ton at 0710 GMT. The LME copper fell to its lowest level since May 28 due to a rising dollar, and fears of inflation. Industrial metals are more dependent on economic growth as a result of higher?interest rates. The official data revealed that the U.S. added 172,000 new jobs in May. This was more than twice what analysts expected. The data was released less than two weeks before Kevin Warsh made his debut as the?head of U.S. Federal Reserve. According to CME's FedWatch, the expectation of a rate increase in December has risen to around 78%. The most traded copper contract at the Shanghai Futures Exchange fell 1.54%, to 104120 yuan (15,340.87 dollars) per ton. The stock market in China and Hong Kong opened lower on Monday, following their U.S. counterparts. Yangshan Copper Premium The price of copper, which reflects the demand for imported metals, dropped to $64 a ton by the end the day on the Friday. This is the lowest since April 30. Buyers in China are historically sensitive to high prices. Oil prices also increased by?4.84% after Iran and Israel traded fire on Monday. Aluminium fell by 0.06% on the LME, while zinc dropped by 0.31%. Lead?lost 0.5 %, and nickel grew 0.08%. Tin declined 2.71%. Aluminium fell 0.8% on?SHFE. Zinc dropped 0.87%. Lead slid by 0.37%. Nickel added 0.25%. Tin dropped by 6.62%.
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Gold continues to fall on fears of an interest rate hike in the US
Gold prices fell on Monday to their lowest level in more than two-months, amid fears of an increase in U.S. interest rates following a positive jobs report. Meanwhile, renewed hostilities across the Middle East drove oil prices up and increased inflation concerns. Gold spot was down 0.3% to $4,315.71 an ounce at 0725 GMT. It had fallen to its lowest level since March 23 during the earlier session. Prices dropped by?3% Friday, reaching a two-month low. U.S. Gold Futures for August Delivery were down 0.6% to $4,341.10. Kelvin Wong is a senior analyst at OANDA. He said that gold was under pressure due to the increased Treasury yields. The yield on the benchmark 10-year U.S. Treasury Note rose, after reaching a two-week-high in the previous session. This increased the opportunity cost of holding non-yielding gold. Israel claimed it had struck military targets on the western and central Iranian coasts, despite reports that U.S. president Donald Trump told Israeli Prime Minister Benjamin Netanyahu not to launch any more attacks. Oil prices rose by more than $4 per barrel, causing inflation fears and interest rate increases to rise. Gold is often seen as a hedge to inflation. However, higher interest rates can weigh down on this non-yielding material. The U.S. Economy posted a strong third consecutive month in May. This confirms that the labour market is gaining momentum after last year's stumble. It also gives the central bank more leeway to keep rates stable amid rising inflation caused by the Iran War. According to CME Group’s FedWatch tool, the markets are pricing in an increase by the Federal Reserve before year-end. There is a 72% probability of this happening by December. Cleveland Fed President Beth Hammack stated on Friday that the new job numbers showed the labour market was?roughly in balance and close to?full employment', while the continued high inflation could?require the Fed raising rates soon to control it. Silver spot was down by 0.5% to $67.47 an ounce. Platinum fell 0.6% to 1,766.70 while palladium rose 0.3% to $1229. (Reporting and editing by Subhranshu sahu in Bengaluru, Sherry Jacob-Phillips).
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Wall Street Journal, June 8,
These are the most popular?stories from the Wall Street Journal. These?stories have not been?verified' and we cannot?guarantee? their?accuracy. Israel and Iran traded missile strikes Monday, after the U.S. brokered a ceasefire in early April. This was their first direct attack since the truce went into effect. - Nvidia is ?teaming up with South Korea's SK Telecom and Naver ?to build gigawatt-scale artificial-intelligence cloud infrastructure in Asia. - Intesa Sanpaolo said ?it has launched a EUR30.66 billion ($35.33 ?billion) unsolicited cash-and-share ?takeover bid for Monte dei Paschi di Siena. Roche has announced that it has signed an exclusive licensing agreement and collaboration with Nurix Therapeutics for the development of blood cancer drug,?bexobrutideg. The deal is worth up to $2.3 Billion. OPEC and their 'allies' agreed to increase oil production?by 188,000??barrels a day in July, amid Middle East tensions which have?disrupted a major oil?shipping?route. Ingredion announced that it had agreed to purchase Tate & Lyle, a British company, for PS2.7 billion ($3.6 'billion) cash. The deal stipulated a price of?595 per share.
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Gold continues to fall on fears of an interest rate hike in the US
Gold prices sank on Monday due to a growing 'fear of an increase in U.S. interest rates? after a positive jobs report. Meanwhile, renewed hostilities across the Middle East drove oil prices up and increased inflation fears. Gold spot fell 1% at $4,287.66 an ounce as of 0544 GMT. Prices dropped about 3% Friday, reaching their lowest level since March 24. U.S. Gold futures for August delivered?were down by 1.2% to $4,311. The market's hawkishness is reflected in the Fed futures, said Kelvin Woong, senior analyst at OANDA. He added that higher Treasury yields are further pushing gold down. The yield on benchmark 10-year U.S. Treasury notes rose, after jumping to two-week highs in the previous session. This increased the opportunity cost for holding non-yielding gold. Israel claimed it had struck military targets in western and central Iran, despite the fact that U.S. president Donald Trump reportedly warned Israeli Prime Minister Benjamin Netanyahu not to launch any further attacks. Oil prices increased by more than $3 per barrel, causing inflation fears and interest rate increases to rise. Gold is often seen as a hedge to inflation. However, rising interest rates can weigh on this non-yielding precious metal. The U.S. Economy posted a strong third consecutive month of job gains in the month of May. This confirms that the labour market is gaining momentum after its stumble last year, and gives the central bank more room to maintain rates despite rising inflation caused by the Iran War. According to CME Group’s FedWatch tool, the markets are pricing in an increase by the Federal Reserve before year-end. There is a 72% probability of this happening by December. Cleveland Fed President Beth Hammack stated on Friday that the new jobs numbers showed the 'labour market is roughly balanced?and close to full employment. Meanwhile, continued high inflation may require the Fed raising rates soon to control it. Silver spot was down by 2.2% to $66.33, platinum fell 2.1% to 1,739.78 and palladium dropped 1.5% to 1,207.50. (Reporting by Pablo Sinha in Bengaluru; Editing by Subhranshu Sahu)
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Gold continues to fall on fears of an interest rate hike in the US
Gold prices extended their?losses Monday due to a growing?fear of an U.S. rate?hike?following a strong jobs?report, while renewed hostilities and inflation concerns in the Middle East drove oil prices up. By 0429 GMT, spot gold had fallen 0.2% to $4319.09 an ounce. Prices dropped by about 3% Friday, reaching their lowest level since March 24. U.S. Gold Futures for August Delivery?were down by 0.5% to $4,343.20. The market's hawkishness is reflected in the Fed futures, said Kelvin Woong, senior analyst at OANDA. He added that higher Treasury yields are further pushing gold down. The yield on benchmark 10-year U.S. Treasury notes rose, after soaring to a 2-week high in the previous session. This increased the opportunity cost for holding non-yielding gold. Israel claimed it had struck military targets in western and central Iran, despite the fact that U.S. president Donald Trump reportedly warned Israeli Prime Minister Benjamin Netanyahu not to launch any further attacks. Oil prices increased by more than $3 per barrel, causing inflation fears and interest rate increases to rise. Gold is often seen as a hedge to inflation. However, rising interest rates can weigh down on this non-yielding precious metal. The U.S. Economy posted a strong third consecutive month of job gains in the month of May. This confirms that the labour market is gaining momentum after its stumble last year, and gives the central bank more room to maintain rates despite rising inflation caused by the Iran War. According to CME Group’s FedWatch tool, the markets are pricing in an increase by the Federal Reserve before year-end. There is a 72% probability of this happening by December. Cleveland Fed President Beth Hammack stated on Friday that the new jobs figures show the labour market is roughly in balance and near full employment. However, the continued high inflation could require the Fed raise rates quickly to contain it. Silver spot was steady at $67.86 an ounce. Platinum lost 0.5% at $1,767.42 and palladium remained unchanged at $1.225.67. (Reporting by Pablo Sinha in Bengaluru; Editing by Subhranshu Sahu)
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London Copper nears 1-week Low on Continued Inflation Worries
London copper was near its one-week lows Monday due to a combination of 'weaker Chinese metal prices' and a growing expectation that the Federal Reserve will be pushed towards rate hikes by strong U.S. job data and higher oil costs. Benchmark 'three-month copper' on the London Metal Exchange rose 0.38% at $13,570.5 per metric ton as of 0331 GMT. LME copper fell to its lowest level since May 28 due to a rising dollar, and inflation fears. Industrial metals are more dependent on economic growth, so higher interest rates can dampen their prospects. Official data showed that the U.S. economy created 172,000 new jobs in May. This was more than double what analysts expected. The strong data was released less than two weeks before Kevin Warsh made his debut as the head of the U.S. Federal Reserve. According to CME's FedWatch, expectations of a rate hike in December have risen to 78%. The most traded copper contract at the Shanghai Futures Exchange fell 1.5%, to 104160 yuan (15,354.45) per ton. The trend was a sell-off in tech stocks across Asia as China and Hong Kong opened lower Monday, following their U.S. counterparts. The Yangshan Copper Premium The price of copper in China, which reflects the demand for imports, dropped to $64 a ton at the end of Friday's trading, its lowest level since April 30. China has historically been sensitive to high prices. Oil prices increased by?3.68% Monday, after Iran and Israel exchanged?fire Sunday and Monday. Aluminium, zinc, and lead all saw a slight increase. Nickel also increased by 0.4%. Tin, however, fell by 1.48%. On the SHFE, elsewhere, aluminum fell 0.74%. Zinc also dropped 0.74%. Lead dipped by 0.21%. Nickel gained 0.79%. Tin plunged 5.97%.
Exxon lobbyist examined over hack-and-leak of ecologist emails, sources state
The FBI has been examining a longtime Exxon Mobil consultant over the professional's supposed function in a hackandleak operation that targeted hundreds of the oil company's greatest critics, according to 3 individuals knowledgeable about the matter.
The operation included mercenary hackers who successfully breached the e-mail accounts of ecological activists and others, the sources told Reuters.
The scheme presumably started in late 2015, when U.S. authorities compete that the names of the hacking targets were assembled by the DCI Group, a public affairs and lobbying company working for Exxon at the time, one of the sources said. DCI supplied the names to an Israeli private detective, who then contracted out the hacking, according to the source.
In an effort to press a story that Exxon was the target of a political vendetta targeted at damaging its company, some of the stolen material was consequently dripped to the media by DCI, Reuters determined. The Federal Bureau of Investigation discovered that DCI shared the info with Exxon before dripping it, the source stated.
Some environmental activists talked to state the hacking operation interfered with preparations for claims by cities and state chief law officers versus Exxon and other energy business. Those suits were modeled on lawsuits against the tobacco industry in the mid-1990s, which resulted in a watershed settlement and sweeping limitations on cigarette sales.
The stolen material continues to be used today to counter lawsuits declaring the oil giant misguided the public and its financiers about the dangers of climate modification. As just recently as April, a market trade group that has actually gotten funding from Exxon pointed out one of the hacked files-- an internal memo strategizing the proposed litigation method of the ecologists-- in an effort to get the Supreme Court to quash a claim filed by the city of Honolulu versus Exxon and other energy business. The case is pending.
The group, the National Association of Manufacturers, stated it was not knowledgeable about the claims the material had been hacked and will consider whether to stop utilizing it in future briefs.
Exxon and DCI parted methods around 2020, according to 2 individuals familiar with the matter.
In a statement, Exxon stated it has actually not been involved in or aware of any hacking activities, calling accusations to the contrary conspiracy theories. Reuters could not figure out whether Exxon itself has also been the topic of the FBI examination.
DCI said: We direct all our employees and specialists to comply with the law.
The leaks sent out a shudder through the ecological neighborhood, stated Kert Davies, director of examinations for an ecological group, the Center for Climate Integrity. Davies was amongst those targeted by the hackers. Matt Pawa, a lawyer whose technique drove much of the anti-Exxon lawsuits, stated the leakages fueled a legal counteroffensive that almost knocked him out of organization.
Those files were directly used by Exxon to come after me with all weapons blazing, he stated in a recent interview. It turned my life upside down.
The investigation into the hack-and-leak operation comes amid growing concern among police worldwide about how such cyberespionage schemes threaten to taint judicial proceedings.
The FBI has actually been examining the broader use of mercenary hackers to damage lawsuits considering that early 2018, Reuters has formerly reported. The Israeli private detective worked with by DCI, Amit Forlit, was apprehended this year at London's Heathrow Airport and is battling extradition to the United States on charges of hacking and wire fraud.
U.S. law enforcement authorities declined to comment on their efforts. They have not spoken publicly about the case against Forlit, which remains under seal. But in court hearings previously this year, British lawyers acting upon behalf of the American government declared that Forlit had actually performed hack-for-hire work for a Washington-based PR and lobbying company and that he dealt with behalf of an oil and gas corporation which wished to reject individuals associated with environment modification lawsuits. In those hearings, the energy company and the lobbying company were not recognized.
Federal prosecutors have actually protected a related conviction: that of Forlit's former service associate, private investigator Aviram Azari. Azari pleaded guilty in 2022 to wire fraud, conspiracy to dedicate hacking and exacerbated identity theft, which included targeting the environmental activists. In court files, prosecutors did not assert any link between Azari and Exxon, DCI or Forlit. However one of the sources with understanding of the FBI investigation stated Forlit contracted out the hacking of the ecological activists to Azari.
Forlit's attorneys did not respond to messages from Reuters seeking comment. A legal representative for Azari, Barry Zone, declined to remark.
Resolving his victims after he was sentenced in 2015 to 80 months in prison, Azari said that there will come a day when he could provide more details about what he had actually done. You don't know whatever, he stated. CODENAME FOX HUNT
The hack-and-leak operation began the heels of a series of media reports in 2015 contending that scientists at Exxon knew for years that fossil fuels were warming the Earth as the business's magnates publicly said otherwise. Exxon has actually said that its internal research and public positions on environment change have been misinterpreted.
Under the hashtag ExxonKnew, groups such as Greenpeace required legal action. So did then-presidential candidate Hillary Clinton, who said the Department of Justice need to probe the firm because there's a lot of proof they deceived people. In November 2015, New York's attorney general of the United States, Eric Schneiderman, announced he was examining Exxon. Other matches followed.
With Exxon on the defensive, DCI swung into action to safeguard what was then one of the company's crucial customers. Reuters talked to a lots previous DCI workers to piece together the company's relationship with Exxon.
Founded in 1996 by veterans of Republican politics, DCI has worked for a variety of tobacco, telecom, hedge fund and energy companies. On its site, DCI says it deals with public relations crises, litigation support, and opposition research study.
5 former DCI workers stated Exxon was long one of DCI's. biggest sources of revenue. One ex-employee said the oil giant. regularly steered more than $10 million in service a year to. DCI. Lobbying work alone for Exxon made DCI a minimum of $3. million between 2005 and 2016, according to openly available. information gathered by the transparency site OpenSecrets.
DCI's staff in Washington tracked social networks chatter. around the ExxonKnew project along with relocations made by state. attorneys general, according to 2 people familiar with the. matter. DCI likewise hired the Israeli detective Forlit, who tapped. Azari to hack the accounts, according to one of the sources. familiar with the FBI examination. The operation's code name. was Fox Hunt, the source said.
Azari was the topic of a 2022 Reuters investigation that. exposed how he and other private detectives used mercenary. hackers in India to help wealthy clients acquire the upper hand in. legal cases. The report drew on a large dataset of Indian. hacking activity, which reveals that the spies tried to burglarize. more than 13,000 e-mail addresses over a seven-year period. Among. the targets were more than 500 email addresses coming from. ecologists, their funders, their associates and their. relative, all of whom were targeted in between 2015 and 2018.
Some information of the hacking project formerly have actually been. revealed. In 2020 the Canadian digital guard dog group Citizen. Lab recognized 10 organizations targeted in a sweeping. cyberespionage effort, including Greenpeace, the Union of. Worried Scientists and the Rockefeller Family Fund.
Reuters has actually discovered the identity of other prominent targets,. that include previous Democratic governmental candidate and. billionaire ecologist Tom Steyer, and the ex-wife of. Schneiderman, New york city's then-attorney general.
Steyer's lawyers did not respond to requests for remark. In. an email, Schneiderman's ex-wife and former political adviser,. Jennifer Cunningham, said she had long thought that Exxon was. behind the hack-and-leak effort.
Starting in April 2016, news reports appeared alleging the. ExxonKnew campaign was a politicized effort pressed by wealthy. benefactors. Within 24 hr of one another, two media outlets. published stories based upon an internal Rockefeller Family. Structure memo. The memo stated activists were working to. persuade the public that Exxon is a corrupt organization and. wanted to delegitimize them as a political star.
The individual with knowledge of the police. examination stated the FBI evaluated that the memo was gotten. by means of the Forlit-led hacking operation. Separately, Reuters. figured out that the memo was consequently dripped to the media by. DCI.
Exxon's legal representatives consistently made use of the hacked files to. support the company's lawsuits.
After the New york city attorney general submitted match versus Exxon. in 2018, for example, the energy company's lawyers pointed out the. stolen Rockefeller memo to argue that the case must be tossed. out.
The legal representative representing Exxon, Theodore Wells, told New. York's Supreme Court in his October 2019 opening declaration that. Schneiderman had actually poorly formed a political positioning with. activists for the function of advancing a program directed at. energy business.
New york city lost the case two months later, when a judge ruled. that the chief law officer stopped working to prove that Exxon had. defrauded financiers by concealing the real cost of environment modification. policy.
In an interview, Schneiderman stated the leaked files were. used to terrific result to strengthen what he called Exxon's. baseless claim that we were participated in a politically motivated. ' witch hunt.'
Wells and his law firm, Paul Weiss, did not respond to. messages seeking comment.
The memo or other hacked files were likewise mentioned in court. filings by Exxon against chief law officers in Massachusetts and. the U.S. Virgin Islands, as well as in the company's 2018 effort. to depose environment change attorney Pawa and other legal representatives.
Much of the litigation is ongoing. On Tuesday, Maine ended up being. the ninth U.S. state to file a claim implicating oil business or. allied groups of tricking the public about environment modification. Pawa. said the industry has continued to conjure up the hacked files in. its effort to push back. They were used over and over again,. he informed Reuters. The net result, he said, was chilling people. from exercising their humans rights..
(source: Reuters)