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LyrArc brings in selected articles from many of the world's top publications.

Articles are selected by experts and you can see the gist of the important articles.

5G spectrum auction extends to 3rd day; receives bids worth Rs 1.49 lakh cr on Day 2

  
The Indian Express - 07.27.2022 Original article ›
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The Indian government has received bids of Rs. 1.49 lakh crores for 5G spectrum auction from companies led by Reliance Jio, Bharti Airtel, and Adani. The 700 megahertz band important for coverage for distant and remote locations also received strong bids which is seen as a positive development. Previous auction in 2015 raised 1.09 lakh crore rupees making the 1.49 lakh crore rupees auction in 2022 a significant advance.

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The Banker Tasked With Saving Swiss Banking

  
WSJ - 03.29.2023 Original article ›
Eliot Brown
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Sergio Ermotti returns to UBS as CEO to tackle the messy takeover of Credit Suisse. Ermotti was given the task of reviving UBS after its problems during the 2009 financial crisis. A rogue trader cost the bank 2.3 billion dollars. He ran UBS for 9 years closing its investment banking business to concentrate on banking for wealthy investors. He is from Lugano, Switzerland, the Italian part of the country.

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Fox News Suffers Major Setback in Defamation Case

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NYTimes.com - 04.01.2023 Original article ›
Jeremy W. Peters, Katie Robertson
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Judge Eric Davis says- "The evidence developed in this civil proceeding demonstrates that it is crystal clear that none of the statements about Dominion about the 2020 election are true." NYT reports that Judge Davis will let the case proceed to trial, for a jury to decide whether Fox News Network spread claims about Dominion Voting Systems while knowing they were untrue, and determine any damages.

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America’s Most Prolific Logger Recasts Itself as Environmental Do-Gooder

  
WSJ - 04.17.2023 Original article ›
Ryan Dezember | Photographs By Tristan Spinski For The Wall Street Journal
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Weyerheuser is cutting down as many trees as ever, while appearing as a company that supports the environment, says this report in WSJ. Weyerheuser says its 10.6 million acres of US timberland act as huge sponge to reduce carbon emissions. From Douglas fir in the Pacific Northwest to pine plantations in the South, to North Maine Woods, Weyerheuser has forested land the size of New Jersey.

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Ukraine and the Mirage of Energy Independence

  
NYTimes.com - 02.25.2022 Original article ›
Clifford Krauss
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With Russia supplying 10% of the world's oil supplies and about 40% of Europe's natural gas supplies US sanctions on Russia's energy economy would only end up driving inflation higher and hurting the US and Europe. This leaves only a limited role for sanctions acting as a deterrent in the Ukraine crisis giving Russia more room to act in Ukraine.  

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Europe’s Recession Contrasts Economic Fortunes of U.S. Expansion

  
NYTimes.com - 04.30.2021 Original article ›
Peter S. Goodman
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The US received a boost in the economy with larger public spending than the European Union countries and more spending on vaccines. This is changing quickly as the EU has secured a large order of vaccines from Pfizer and other companies. France and Germany are now making steady progress in their vaccination drives. Britain has already secured results in the NHS vaccination drive, a leader in the field.

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Biden’s Speech to Congress: Full Transcript

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NYTimes.com - 04.30.2021 Original article ›
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In this address to Congress in April 2021 US president Biden offers his plan to invest in American families and people. He calls it "a blue collar blueprint to build America." It also comes from a blue collar family to which Biden belongs with generations of American workers in the Biden family in the last hundred years who built America in the past.

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Southwest Asks Employees to Accept Pay Cuts to Avoid Furloughs

  
WSJ - 10.06.2020 Original article ›
Alison Sider
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Employee acceptance of pay cuts is a way to avoid large layoffs. Here Southwest Airlines tries this approach and says it can prevent furloughs and layoffs by doing this till the end of next year 2021. Culture makes a difference. United and American Airlines announced 32000 job cuts. Southwest has never furloughed or laid off employees and has pledged to avoid this from happening in 2020.

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Pressure grows on PM for half-term lockdown

  
The Times - 10.13.2020 Original article ›
Chris Smyth, Whitehall Editor | Francis Elliott, Political Editor
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With 17,000 daily cases Britain faces calls for a second lockdown on October 14, 2020. A new paper by the Scientific Advisory Group for Emergencies says hospital admissions for the rest of the year could be reduced from 132,000 to 66,000 with a 2 week lockdown on October 24 in Britain, according to The Times. Pressure is growing for prime minister Boris Johnson to do this.

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Trump Administration Proposes Eliminating H-1B Visa Lottery

  
WSJ - 10.29.2020 Original article ›
Michelle Hackman
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Changes to a U.S. visa program so that fewer workers would be given visas at the entry level. Instead favoring the higher of four wage levels to give visas to foreign workers. The idea is to bring in more talented workers to the U.S. with less effect on depressing wages in the U.S. by bringing in foreign workers at the entry level as happened before.

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Severe hunger threatens Africa during COVID-19 lockdowns | DW | 22.04.2020

  
DW.COM - 04.28.2020 Original article ›
Abu Bakarr Jalloh
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In parts of Africa access to food supplies will remain a problem. Estimates are for 15 to 50 million people facing food insecurity in this region from June to August 2020. Governments in many African countries are struggling to cope with the demand for food supplies.The UN's World Food Program is asking donor countries in Europe and America to provide $1.9 billion (1.4 billion euros).

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Original article 7 minutes, gist 1 minute

Economic package will have multiplier effect, says FM Nirmala Sitharaman

  
Hindustan Times - 05.18.2020 Original article ›
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Indian finance minister Nirmala Sitharaman answers questions about India's 20 lakh crore or $280 billion aid package in this interview in the Hindustan Times. She says Mr. Modi's foresight in setting up the various people aid schemes including bank accounts for all citizens have helped the government send direct help to farmers and workers. She sees a multiplier effect of the aid package.

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Lockdown was the only way to stop the NHS being broken

  
- 11.28.2020 Original article ›
Michael Gove
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"Sooner or later our NHS hospitals would be full. Not just administratively at full stretch, but physically overwhelmed." Here a leading cabinet member talks about the lockdown decision in Britain by government ministers and how it went against their instincts about individual liberties held for a lifetime, and how in the end they arrived at the same decision reached by Angela Merkel and Emmanuel Macron.

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Is the economy turning? | HT Editorial

  
Hindustan Times - 11.30.2020 Original article ›
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A much smaller contraction of 7.5% in the third quarter after a drop of 24% in the second quarter is good news for the Indian economy, says this editorial in the Hindustan Times. The Indian government investment should be increased to sustain the recovery, as second generation reforms made by the Modi administration have increased the potential growth in the economy, it says.

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Whole of the moon: Tim Easley's lunar photography - in pictures

  
The Guardian - 02.14.2021 Original article ›
Kadish Morris
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Wonderful monochrome pictures of the moon from London photographer and designer Tim Easley in The Guardian. They are collected in a book "The Moon" available on his website. Easley says "the moon invokes so much wonder and awe and I wanted to reflect that." For city people this is the only celestial object they see, he says. As a city person he loves it.

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England rout Ukraine 4-0 to surge into Euro 2020 semi-final with Denmark

  
The Guardian - 07.03.2021 Original article ›
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Harvey Kane scores in the fifth minute to put England ahead early in the soccer game with Ukraine for Euro soccer 2021. Kane scored again, with Maguire and Henderson, putting England 4-0 against Ukraine in the quarter finals. England meet Denmark in the semi finals, Spain meets Italy in the other semi final. France and Germany never made it to the final four. 

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PM Modi, Macron vow to act jointly in the Indo-Pacific, after fallout with Australia

  
Hindustan Times - 09.22.2021 Original article ›
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French president Macron assures PM Modi of "France's commitment to building India's strategic autonomy, including its technology and industry base, as part of a close relationship based on mutual respect and trust." This follows the French fallout with Australia following the cancellation of a $26 billion submarine deal that was shifted to the US for the purpose of advanced nuclear technologies.

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U.S. Economy Added 263,000 Jobs in September, Labor Market Shows Signs of Cooling

  
WSJ - 10.07.2022 Original article ›
Gabriel T. Rubin
LyrArc Article Gist
With continued job growth the US Fed is planning to continue its sequential interest rate increases. The Fed raised interest rates 0.75% at each of the last 3 Fed meetings and a fourth 0.75 rate increase is expected when it meets on November 1-2, 2022. This is the most rapid rate of increases since the 1980's and it is designed to bring inflation under control.

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U.S. and Saudi Arabia Trade Barbs on Oil-Production Cut, Russia

  
WSJ - 10.13.2022 Original article ›
Stephen Kalin
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The Biden administration had asked the Saudis to hold off till the next meeting of OPEC+ before making production cuts, or at least wait for 1 month. The Saudis went ahead with the production cuts even though the UAE,Kuwait and Iraq agreed with the US, and only supported the Saudi decision for unanimity within OPEC+. It comes only months after president Biden visited Riyadh.

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João Cancelo’s journey from hating defending to gamechanging full-back

  
The Guardian - 10.15.2022 Original article ›
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Christovao, the coach at Benefica who mentored Joao Cancelo, says he has worked with many players including Ruben Diaz but who impressed him most was Joao Cancelo. Cancelo has excelled in defense at Manchester City, and also played further up in the midfield. Here Christovao describes his experience coaching Cancelo to where he is with Kevin De Bruyne and Haaland ,a key player for Manchester City.

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Germany Sees Tidal Shift in Sentiment Toward Atomic Energy - DER SPIEGEL

  
SPIEGEL ONLINE - 08.12.2022 Original article ›
Steffen Winter, Severin Weiland, Christian Teevs, Ansgar Siemens, Jonas Schaible, Ralf Neukirch, Benedikt Müller Arnold, Guido Mingels, Cordula Meyer, Philipp Kollenbroich, Christine Keck, Johanna Jürgens, Kevin Hagen, Hubert Gude, Tobias Großekemper, Marco Evers, Vicky Isabelle Bargel, Melanie Amann, Der Spiegel
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A recent survey by Der Spiegel shows three quarters of Germans want to continue operating the 3 remaining nuclear plants. 78% support keeping them running to 2023, and 67% support keeping them for 5 more years. The idea is that they can be used in this emergency. Even a majority of Green party support keeping them running to 2023. This is a profound change in German opinion.

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Germany in Talks to Nationalize Uniper After Russian Natural-Gas Halts

  
WSJ - 09.20.2022 Original article ›
Georgi Kantchev, Bojan Pancevski
LyrArc Article Gist
The German government plans to give $8 billion to Uniper in exchange for  a majority stake in Germany's energy company Uniper. Uniper was hit hard when Russia turned off natural gas supplies. It reported a net loss of $12.6 billion for the first half of 2022. The German government will also take a stake in the Finnish company that owns Uniper, Fortum Oyj.

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War-Inflicted Slowdown Ends Robust Year for Tourism in Middle East

  
NYTimes.com - 12.01.2023 Original article ›
Christine Chung
LyrArc Article Gist
The economies of Lebanon, Jordan and Egypt dependent on 12-26% of earnings from abroad on tourism are hit by the war in Gaza. Israeli tourism is also affected with only half of the flights going in. Egypt was a bright spot after the pandemic faded with a strong recovery above that of pre pandemic levels. In 2023 Egypt expected to see 15 million tourists.

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Rift Over Fossil Fuels to Dominate COP28

  
WSJ - 12.01.2023 Original article ›
Stacy Meichtry, Matthew Dalton
LyrArc Article Gist
The UAE is putting $30 billion into a new fund called Alterra to invest in clean energy in the developing world. The goal is to get $250 billion into the fund by 20230 from other investors. Alterra is investing $6.5 billion along with BlackRock, Brookfield, TPG, in climate investment vehicles. This includes investment to build 6000 megawatts of clean energy in India, including 1200 megawatts of wind energy.

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Analysis: Japan's Cabinet reshuffle is aimed at stability | NHK WORLD-JAPAN News

  
NHK WORLD - 12.14.2023 Original article ›
LyrArc Article Gist
Facing low approval ratings the new cabinet of prime minister Kishida is aiming for stability. New ministers can get to work immediately. New Cabinet secretary Yoshimasa was previously defense minister and foreign minister, and is No.2 in the Kishida faction of the LDP. It is a difficult road ahead as members of the Abe faction resigned from a fund raising tickets probe by prosecutors. 

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Original article 1 minute, gist 1 minute

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