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🤳 5th June 2023 | Gas may get costlier, Google unveils new AI features, Mercedes win double Podium, and more!
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What’s Hot. In a covert move with behind-the-scenes diplomacy, senior officials from around 2-dozen major intelligence agencies met secretly in Singapore during the high-profile Shangri-La Dialogue security meeting. This meeting organized by the Singapore government, aimed to enhance understanding & cooperation among nations. The gathering included representatives from the US, China, & India, despite ongoing tensions. Discussions covered pressing issues like Russia's conflict in Ukraine and transnational crime.
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SOURCE Bureau of Labor Statistics; GRAPHIC George Petras/USA TODAY
📈 May's Job Surge: 339k Jobs Added Amid 3.7% Unemployment
US employers added 339k jobs in May, raising unemployment rates slightly to 3.7%. Despite strong hiring, average hourly earnings saw a modest rise, a trend noted by Rubeela Farooqi, chief US economist of High-Frequency Economics: "Job growth is continuing at a rapid pace, but wage pressures are not building." This should keep the Federal Reserve on track to maintain steady rates. High gains were seen in services, healthcare, and government sectors, while manufacturing contracted.
🛢️ Saudi Oil Supply Cuts May Fuel US Gas Prices
Saudi Arabia's decision to reduce oil supply by 'a million barrels/day' may elevate global oil prices & may lead to costlier gas for US drivers. Saudi Energy Minister Abdulaziz bin Salman called the cut a “lollipop” to bring stability to the market. This could form a "price floor" but could also make fuel "marginally more expensive", according to Jorge Leon of Rystad Energy. This also highlights uncertainties about future fuel demand amid global economic concerns.
Chinese Defense Minister on the last day of the 20th IISS Shangri-La Dialogue, Asia's annual defense & security forum, in Singapore, Sunday, June 4, 2023, AP Photo
🕊️ Chinese Defence Minister Warns US War Would be 'Unbearable Disaster'
Chinese Defense Minister, Gen. Li Shangfu, warned that a Sino-US war would be an "unbearable disaster for the world." At the Shangri-La Dialogue, he urged both sides to stabilize relations, while also defending China's naval maneuvers in the Taiwan Strait. US Defense Secretary Lloyd Austin countered, asserting America's determination to navigate international waters, rejecting any "bullying or coercion." Tensions remain high, with fears of escalating conflict due to missteps or misunderstandings.
🌍 Russia Claims Thwarting Major Ukrainian Offensive, Hundreds Dead
Russia claims to have thwarted a significant Ukrainian offensive in Donetsk, alleging hundreds of pro-Kyiv troops were killed. Ukraine has hinted at a counteroffensive to reclaim Russian-occupied territories, with the country's Defence Minister cryptically tweeting "Words are very unnecessary They can only do harm." Reports of the event vary, while Russian Chief of the General Staff Valery Gerasimov was reportedly present during the attack.
🤖 Google Unleashes New AI Features for Docs, Slides, and Gmail
Google is integrating more generative AI features into Workspace apps such as Slides, Gmail, Docs. The addition includes a "Help me visualize" panel in Slides that generates custom images based on user prompts, Gmail's "Help me write" feature now has context-based suggestions. Docs will see auto-generated smart chips for content created with "Help me write". As the piece notes, "This can serve as a useful reminder to add fields like the job title or the company's name in a job description."
🇬🇧 UK Chancellor to Pitch for AI Leadership Role to Biden
UK PM Rishi Sunak plans to discuss British "leadership" in AI regulation and a potential global AI regulatory body in talks with President Biden. Drawing parallels with Cern for international research and the International Atomic Energy Authority, Sunak believes the UK is well-placed for leadership in AI. As one ally says, the first step is "agreeing a joint approach and ensuring international alignment." Let's see if Sunak hits a home run in Washington!
Russell and Hamilton finished on the podium behind Verstappen.
🏎️ Hamilton Praises Mercedes’ Double Podium, Verstappen Wins Spanish Grand Prix
At the Spanish Grand Prix, Mercedes experienced its first double podium of the year, with Lewis Hamilton finishing second & George Russell third, despite Max Verstappen taking another win. Hamilton praised the "amazing result", noting the team didn't anticipate such success. Mercedes showcased its upgraded car in this race, although it was still outpaced by Verstappen. Hamilton remains hopeful: "One step at a time & if we can get close by the end of the year that would be awesome but if not next year."
🎭 SAG-AFTRA Maintains Contract Bargaining Strategy Despite New DGA Deal
SAG-AFTRA remains resolute with its negotiation strategy for a new contract despite the recent deal between the Directors Guild and studios. Highlighting their unique needs, SAG-AFTRA seeks a contract that respects members' contributions and shields them from income erosion due to factors like generative AI. As Duncan Crabtree-Ireland stated, they do not view other union's deals as binding for them but they value solidarity and learnings from others' negotiations. Ball is now in the court of their upcoming negotiations.
Finland abandoned their traditional positions of military non-alignment to seek protection under NATO’s security umbrella.
⚔️ NATO Chief Encourages Turkey to Allow Swedish Membership
NATO Secretary-General Jens Stoltenberg has urged Turkey to support Sweden's bid to join the military alliance, asserting that membership would benefit both Sweden and NATO. After a meeting with Turkish President Recep Tayyip Erdogan, Stoltenberg emphasized that Sweden had addressed Turkey's concerns by amending its constitution, strengthening anti-terrorism laws, and lifting an arms embargo. Turkey has been critical of Sweden's approach to perceived security threats. Stoltenberg hopes to finalize Sweden's NATO membership soon despite protests in Sweden against the move.
🗳️ Trump's GOP Rivals Criticize His Kim Jong Un Congratulation
Donald Trump's congratulations to North Korean leader Kim Jong Un on his new position with the WHO triggered a backlash from leading GOP figures including DeSantis, Pence, and Haley. DeSantis condemned both Kim and the WHO, while Pence criticized the praising of dictators. Haley's sharp rebuke was particularly memorable: "You don't congratulate a thug... This is not something to play with." This criticism marks a change in the GOP's usual reluctance to publicly challenge Trump.
🚔 Austin Mass Shooting: 1 Dead, 6 Injured; Frustrated Neighbours Blame Police
A mass shooting in Chicago's Austin neighborhood left 1 woman dead & 6 others injured, inciting frustration among residents who claim their calls to disperse a large gathering prior to the incident were ignored by police. Residents like Michelle Barnes, who sensed trouble as around 100 people gathered near her home, voiced dismay, stating "When you call, they don't come like there's a problem." Community feels the shooting "could've been prevented" if authorities had adequately responded to their calls.
Sen. Robert Kennedy addressing a crowd from a stage with his wife Ethel moments before Kennedy's assassination, Ambassador Hotel in Los Angeles, June 5, 1968
On June 5 in 1968, in a shocking turn of events, while campaigning for the US presidency, Robert F. Kennedy was mercilessly gunned down by Sirhan Sirhan at the Ambassador Hotel in Los Angeles. The world stood in awe as this charismatic leader's promising journey was abruptly cut short, leaving a nation grieving.
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