My Hero Academia - Ch. 391 - The World She Rejected
Yo Lemmings 👋 I’m Lethal and I play video games for the Internet.
Lethal
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That's all for me today. I would like this place to grow into one we can stay up to date with world events. That was my main reason to go to reddit. Hopefully you enjoy this AI summarization. I figured it would be easier to absorb than copy pasting the entire article while avoiding any future issues with the source content providers.
Cheers
China cuts rates again as youth unemployment hits new record high
China cuts rates again as youth unemployment hits new record high - Lemmy.world
AI created summarization: * China’s central bank cut the key one-year lending rate by 0.1 percentage points to 2.65% on Thursday. * This is the second rate cut this week, following a surprise cut on Tuesday to the seven-day reverse repo rate. * The moves are aimed at boosting liquidity in the banking system and making short-term loans cheaper, as officials continue to try to shore up a sputtering economy. * New government data on Thursday showed that retail sales rose 12.7% in May compared with a year ago, but that was down from 18.4% growth the previous month and less than economists were expecting. * Industrial production grew 3.5%, in line with consensus estimates, but growth was weaker than in April. * Urban youth unemployment hit another new high in May, reaching 20.8%. * The majority of latest economic data are below the already-low consensus, and the latest rate cuts suggest that policymakers clearly feel the urgency to step up policy support.
Isle of Wight: New dinosaur species discovered
Isle of Wight: New dinosaur species discovered - Lemmy.world
AI created summarization: * The dinosaur, named Vectipelta barretti, lived between 66 and 145 million years ago. * It was a plant-eater and had blade-like armour. * It was discovered in rocks that also contained fossils of other dinosaurs, including Polacanthus foxii. * Scientists believe Vectipelta barretti was more closely related to ankylosaurs found in China than to P. foxii. * The discovery sheds light on the diversity of species present in England during the Early Cretaceous period. * The site where the dinosaur was found is a “hugely important” resource for understanding more about how the dinosaurs went extinct.
Miami Mayor Suarez announces 2024 Republican presidential bid
Miami Mayor Suarez announces 2024 Republican presidential bid - Lemmy.world
AI created summarization: * Suarez, 45, is the only Hispanic candidate in the Republican field and the third candidate from Florida. * He is a longshot in a race that is dominated by former President Trump. * Suarez has had thorny relationships with both Trump and Florida Governor Ron DeSantis. * He has drawn criticism for championing cryptocurrency firms. * Miami has seen an influx of tech companies and wealthy investors during his tenure.
iPhone maker Foxconn to switch to cars as US-China ties sour
iPhone maker Foxconn to switch to cars as US-China ties sour - Lemmy.world
iPhone maker Foxconn is betting big on electric cars and redrawing some of its supply chains as it navigates a new era of icy Washington-Beijing relations. In an exclusive interview, chairman and boss Young Liu told the BBC what the future may hold for the Taiwanese firm. He said even as Foxconn shifts some supply chains away from China, electric vehicles (EVs) are what will drive its growth in the coming decades. As US-China tensions soar, Mr Liu said, Foxconn must prepare for the worst. “We hope peace and stability will be something the leaders of these two countries will keep in mind,” 67-year-old Mr Liu told us, in his offices in Taipei, Taiwan’s capital. “But as a business, as a CEO, I have to think about what if the worst case happens?” The scenarios could include attempts by Beijing to blockade Taiwan, which it claims as part of China, or worse, to invade the self-ruled island. Mr Liu said “business continuity planning” was already under way, and pointed out that some production lines, particularly those linked to “national security products” were already being moved from China to Mexico and Vietnam. He was likely to be referring to servers Foxconn makes that are used in data centres, and can contain sensitive information. Foxconn, or Hon Hai Technology Group as it is officially known, started off in 1974, making knobs for TVs. Now it is one of the world’s most powerful technology companies, with an annual revenue of $200bn (£158.2bn). It is best known for making more than half of Apple’s products - from iPhones to iMacs - but it also counts Microsoft, Sony, Dell and Amazon among its clients. For decades, it has thrived on a playbook perfected by multinational corporations - they design products in the US, manufacture them in China and then sell them to the world. That is how it grew from a small component-making business to the consumer electronics giant it is today. But as global supply chains adjust to souring ties between Washington and Beijing, Foxconn finds itself in an unenviable spot - caught between the world’s two biggest economies, the very nations that have powered its growth until now. The US and China are at loggerheads over many things, from trade to the war in Ukraine. But one of the biggest potential flashpoints is Taiwan, where Foxconn is headquartered.
Mexico says mass bird deaths likely caused by El Niño's hotter waters
At least 15 killed in Canada highway crash after truck hits bus in Manitoba
African peace mission visits Ukrainian capital to sounds of air raid
I, former owner of 100k+ r/letsplay sub, have quit reddit