Friday, May 17
West Bank Residents Praise Hamas for Palestinian Prisoners’ Release
World

West Bank Residents Praise Hamas for Palestinian Prisoners’ Release

Follow live news updates on the Israel-Hamas war.The two cousins spotted each other on the bus leaving the prison, as shocked to see the other as they were by their sudden freedom. “Pinch me,” Anwar Atta, 18, told his younger cousin. “I need to know if this is a dream.”Then, early Sunday morning, the bus pulled out of Ofer Prison in the West Bank and into a throng of cheering Palestinians. Before the cousins’ feet could touch the ground, they were hoisted into the air and carried through the streets of Ramallah, surrounded by people waving Palestinian and Hamas flags, revving their motorcycle engines and whistling in excitement.“This is thanks to the resistance in Gaza,” Anwar said hours later from his family’s home on the outskirts of the city.Anwar and his cousin, Mourad Atta, 17, are am...
Fed Officials Hint That Rate Increases Are Over, and Investors Celebrate
World

Fed Officials Hint That Rate Increases Are Over, and Investors Celebrate

Federal Reserve officials appear to be dialing back the chances of future interest rate increases, after months in which they have carefully kept the possibility of further policy changes alive for fear that inflation would prove stubborn.Several Fed officials — including two who often push for higher interest rates — hinted on Tuesday that the central bank is making progress on inflation and may be done or close to done raising borrowing costs. Economic growth is cooling, reducing the urgency for additional moves.Christopher Waller, a Fed governor and one of the central bank’s more inflation-focused members, gave a speech on Tuesday titled “Something Appears to Be Giving,” an update on a previous speech that he had titled “Something’s Got to Give.”“I am encouraged by what we have learned ...
Kamala Harris Defends Biden Policies, but Says ‘More Work’ Needed to Reach Voters
World

Kamala Harris Defends Biden Policies, but Says ‘More Work’ Needed to Reach Voters

1 00:00:00,000 —> 00:00:05,030 “Former President Trump, not only on a national level, 2 00:00:05,030 —> 00:00:09,710 appears to be beating the Biden-Harris ticket, 3 00:00:09,710 —> 00:00:14,780 but uniquely in those five of the six key swing states, 4 00:00:14,780 —> 00:00:16,450 that seems to be the case. 5 00:00:16,450 —> 00:00:18,980 What do you think when you see the polls?” 6 00:00:18,980 —> 00:00:20,493 “Listen, if I listened to polls 7 00:00:20,493 —> 00:00:22,160 I would have never run for my first office 8 00:00:22,160 —> 00:00:23,040 or my second one. 9 00:00:23,040 —> 00:00:24,570 And here I am as vice president. 10 00:00:24,570 —> 00:00:27,260 There are fundamental freedoms that are at stake 11 00:00:27,260 —> 00:00:29,730 right now, and the Am...
Britain Says Bye-Bye to Its Only Pandas as They’ll Soon Depart for China
World

Britain Says Bye-Bye to Its Only Pandas as They’ll Soon Depart for China

Britain’s only two pandas will soon be returned to China, officials said, in a send-off that has dispirited fans of the playful, waddling bears and signals what appears to be the end, at least for now, of panda diplomacy.“Bamboo bon voyage,” the Edinburgh Zoo of the Royal Zoological Society of Scotland said on its website, noting that there would be “a giant farewell” on Thursday for the bears, whose names are Yang Guang and Tian Tian.The pair of giant pandas will be prepared to return to China in the first week of December, the zoo said, though it did not specify a date because of “security and safety reasons.”China has long used its pandas as symbols of diplomacy, delivering pairs as if they were ambassadors to several countries around the world.On Wednesday, crowds gathered to say goodb...
Even Most Biden Voters Don’t See a Thriving Economy
World

Even Most Biden Voters Don’t See a Thriving Economy

Presidents seeking a second term have often found the public’s perception of the economy a pivotal issue. It was a boon to Ronald Reagan; it helped usher Jimmy Carter and George H.W. Bush out of the White House.Now, as President Biden looks toward a re-election campaign, there are warning signals on that front: With overall consumer sentiment at a low ebb despite solid economic data, even Democrats who supported Mr. Biden in 2020 say they’re not impressed with the economy.In a recent New York Times/Siena College poll of voters in six battleground states, 62 percent of those voters think the economy is only “fair” or “poor” (compared with 97 percent for those who voted for Donald J. Trump).The demographics of Mr. Biden’s 2020 supporters may explain part of his challenge now: They were on ba...
Citi Executive Sues the Bank Over Sexual Harassment
World

Citi Executive Sues the Bank Over Sexual Harassment

The bank asked Ms. Lindsey about their ties in 2019 during an investigation into some of Mr. Singh’s personal financial transactions, including one involving her. Citi did not report any financial wrongdoing by either one to regulators. Ms. Lindsey said at the time that the two were just friends, according to Mr. Costiglio, the Citi spokesman.In her lawsuit, Ms. Lindsey alleged that Mr. Singh had extended control over her life at work. Mr. Singh berated Ms. Lindsey for speaking to her mentor, who also happened to be his boss, according to the suit; when a Citi investigator looked into the sexual harassment concerns raised by Ms. Moran, the managing director, Mr. Singh instructed Ms. Lindsey not to cooperate, Ms. Lindsey told The Times.On Nov. 6, 2022, after Ms. Lindsey told Mr. Singh that ...
Gaza Mediators Seek Cease-Fire Extension
World

Gaza Mediators Seek Cease-Fire Extension

Top officials from Qatar, Egypt and the United States pushed on Wednesday to lock in another temporary extension of the cease-fire in the Gaza Strip, seeing it as the best way to ease the embattled territory’s humanitarian crisis, secure the release of more Israeli hostages and slow the war’s escalating death toll for at least a little longer.But some officials briefed on the talks said they also hoped that the succession of short-term pauses would pave the way toward a larger goal: negotiations over a longer-term cease-fire between Israel and Hamas to bring the war to a close.Amid international pressure to prolong the pause in fighting, Israeli leaders rejected out of hand the notion of a long-term truce, reiterating their vow to fight until Hamas and its leaders have been eliminated.“In ...
U.S. Debates How Much to Sever Electric Car Industry’s Ties to China
World

U.S. Debates How Much to Sever Electric Car Industry’s Ties to China

The Biden administration has been trying to jump-start the domestic supply chain for electric vehicles so cleaner cars can be made in the United States. But the experience of one Texas company, whose plans to help make an all-American electric vehicle were upended by China, highlights the stakes involved as the administration finalizes rules governing the industry.Huntsman Corporation started construction two years ago on a $50 million plant in Texas to make ethylene carbonate, a chemical that is used in electric vehicle batteries. It would have been the only site in North America making the product, with the goal of feeding battery factories that would crop up to serve the electric vehicle market.But as new facilities in China came online and flooded the market, the price of the chemical ...
Paris Metro Rides During 2024 Olympics Could Cost Almost Double
World

Paris Metro Rides During 2024 Olympics Could Cost Almost Double

With nearly 10 million people expected to throng the streets of Paris during the Olympics this summer, visitors already knew getting around the city would be a challenge. But now it will probably be a lot more expensive, too.The price of a single ride on the Metro between July 20 and Sept. 8, roughly the dates of the Olympics and Paralympics, is set to jump to 4 euros, or about $4.40, from its current price of €2.10. A pack of 10 tickets will climb to €32 from €16.90.In a video posted on X, formerly Twitter, on Monday, Valérie Pécresse, the president of the administrative region that includes Paris and its suburbs, announced the temporary fare increases for public transportation.“For the first time in the history of the Olympic and Paralympic Games, 100 percent of spectators will be able t...
Israel-Hamas War Live: 16 More Hostages Released as Truce Extension Deadline Looms
World

Israel-Hamas War Live: 16 More Hostages Released as Truce Extension Deadline Looms

International pressure built on Tuesday for Israel and Hamas to extend a temporary cease-fire into an enduring halt to the war in Gaza, as China’s foreign minister, Wang Yi, warned the U.N. Security Council that a resumption of the fighting would “most likely, turn into a calamity that devours the whole region.”Mr. Wang’s comments came during a Security Council session focused on the war, in which a fragile cease-fire has held since Friday. China holds the Council’s rotating presidency this month.Many other foreign ministers, from Arab countries in the Middle East and the 15-member Council, also attended the meeting. A majority of them, joined by senior U.N. officials, called for the temporary truce to become permanent to prevent the war from spreading and to alleviate suffering in Gaza.Th...
U.A.W. Announces Drive to Organize Nonunion Plants
World

U.A.W. Announces Drive to Organize Nonunion Plants

The United Automobile Workers union announced Wednesday that it was undertaking an ambitious drive to organize plants owned by more than a dozen nonunion automakers, including Tesla and several foreign companies — a goal that has long eluded it.The move comes weeks after the U.A.W. won new contracts from General Motors, Ford Motor and Stellantis that included wage increases of 25 percent or more over four and a half years for its 146,000 members employed there.In addition to Tesla, the targets of the drive are two other electric vehicle start-ups, Lucid and Rivian, and 10 foreign-owned automakers: Toyota, Honda, Hyundai, Nissan, BMW, Mercedes-Benz, Subaru, Volkswagen, Mazda and Volvo.The U.S. plants owned by those companies employ nearly 150,000 workers in 13 states, the union said.If the ...
Elon Musk Speaks at the DealBook Summit: Live Updates
World

Elon Musk Speaks at the DealBook Summit: Live Updates

This year’s DealBook Summit will include conversations with global leaders and powerful figures from Wall Street, Silicon Valley and Hollywood. Each has been at the heart of the news this year and will be at the center of some of the biggest events in the months ahead.Kamala Harris was elected vice president of the United States in 2020, after serving as a senator, the attorney general of California and the district attorney of San Francisco. Ms. Harris is expected to play a vital role in the 2024 presidential race. She will be tasked with helping to win over voters worried about President Biden’s age, squeezed by inflation and disconcerted by administration policies, including strong support for Israel in its war on Hamas in the Gaza Strip.Tsai Ing-wen has been president of Taiwan since 2...
Inside the Rent Inflation Measure That Economics Nerds Love to Hate
Business, Economy

Inside the Rent Inflation Measure That Economics Nerds Love to Hate

There’s a three-letter abbreviation that economists have started pronouncing with the energy of a four-letter word: “O.E.R.”It stands for owner’s equivalent rent, and it has been used to measure American housing inflation since the 1980s. As its name suggests, it uses a combination of surveys and market data to estimate how much it would cost homeowners to rent the house they live in.But three years into America’s price pop, it has become almost cliché for economists to hate on the housing measure. Detractors blast if for being so slow-moving that it does not reflect up-to-date conditions in the economy. Critics argue that it uses convoluted statistical methods that make little sense. The most intense haters insist that it is giving a false impression about where inflation stands.“It’s jus...
Wildfire Nears Canada’s Largest Oil-Producing Area, Forcing Thousands to Evacuate
Recent news

Wildfire Nears Canada’s Largest Oil-Producing Area, Forcing Thousands to Evacuate

A wildfire near Canada’s largest oil producing region prompted the evacuation of about 6,600 people from Fort McMurray, Alberta. Several thousand other residents of the city were told to prepared to leave at any moment.The evacuation on Tuesday has evoked fearful memories of a major fire in 2016 that destroyed roughly 2,400 homes and businesses, forced 90,000 people to flee and became the most expensive natural disaster in Canadian history.“I know that this will bring back difficult memories from the devastating fires of 2016,” Danielle Smith, the premier of Alberta, said during a news conference on Wednesday. “And I’m sure these memories will create fear and uncertainty.”The start of wildfire season in Canada follows a record setting year in 2023 when about 45 million acres of forest burn...
U.S. Suspends Funding for Group at Center of Covid Origins Fight
Health

U.S. Suspends Funding for Group at Center of Covid Origins Fight

The Biden administration, under acute pressure from House lawmakers, moved on Wednesday to ban funding for a prominent virus-hunting nonprofit group whose work with Chinese scientists had put it at the heart of theories that Covid leaked from a lab.The decision, announced in a letter from the Department of Health and Human Services, came on the heels of a scorching congressional hearing this month at which lawmakers barraged the group’s president with suggestions that he had misrepresented work with virologists in Wuhan, China, where the pandemic began. Republicans went further, demanding that Peter Daszak, the president of the nonprofit, EcoHealth Alliance, be criminally investigated.For EcoHealth, which relied on federal funding to study the threat of wild animal viruses, the loss of fun...
Can MLB save the starting pitcher? The search for solutions to baseball’s ‘existential crisis’
Sports

Can MLB save the starting pitcher? The search for solutions to baseball’s ‘existential crisis’

Who’s pitching tonight?For 100 years, that wasn’t just a casual question. It was the question that defined baseball.The answer always had a chance to give you goosebumps. Maybe it was Tom Seaver versus Steve Carlton. Maybe it was Sandy Koufax versus Bob Gibson. Maybe it was Pedro Martinez versus Randy Johnson.They weren’t just a reason to watch. They were the reason to watch. They threw the first pitch of the game. They often stuck around to throw the last pitch of the game. When the stars hold the ball in their hands 100 times a game, from the first minute of a game to the last, that’s where so much of the magic comes from. But now, those nights of pitchers’ duel magic are slipping away.Ten active major-league starting pitchers have won a Cy Young Award — and nine of them have spent time ...
An A.I. Robot Named Sophia Tells Graduates to Believe in Themselves
Technology

An A.I. Robot Named Sophia Tells Graduates to Believe in Themselves

When it comes to choosing a commencement speaker, colleges and universities take different approaches. Some go local, selecting well-known figures in the area. Others take a stately route, opting for a former or current politician. Actors or comedians are often asked to speak.But in a world where artificial intelligence is everywhere, one university in New York opted for a robot using artificial intelligence to speak to graduates over the weekend.For its spring commencement on Saturday, D’Youville University, a private institution in Buffalo, N.Y., had an A.I. robot named Sophia address a crowd of more than 2,000 students, faculty members and their families in a bold decision that drew mixed reactions.Dr. Lorrie Clemo, the president of D’Youville University, said in an interview on Wednesd...
Biden Will Raise Tariffs on Chinese Electric Vehicles, Chips and Other Goods
Business, Economy

Biden Will Raise Tariffs on Chinese Electric Vehicles, Chips and Other Goods

President Biden will announce on Tuesday that he is raising tariffs on an array of Chinese imports, including electric vehicles, solar cells, semiconductors and advanced batteries, in what he calls an effort to protect strategic American industries from a new wave of competitors that are unfairly subsidized by Beijing.The president will also officially endorse maintaining tariffs on more than $300 billion worth of Chinese goods that were put in place by President Donald J. Trump. Mr. Biden criticized those tariffs as taxes on American consumers during his 2020 run for the White House.Mr. Biden’s moves are the latest trade-war escalation from a president who initially pledged to repeal at least some of the Trump tariffs but now refuses to cede any ground to his rival in a tough-on-China app...