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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.

Opinion | Jerome Powell’s Not for Turning—Yet

  
WSJ - 11.02.2022 Original article ›
The Editorial Board
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Fed chairman Jerome Powell answered questions at a press conference yesterday and made it clear that America's central bank will not slacken its resolve in the fight against inflation saying "pausing has a ways to go." He said the level of interest rates is what will now be the focus of the Fed as it seeks a much higher level in 2023.

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Why fitness is as important as quality at this World Cup

  
BBC Sport - 12.03.2022 Original article ›
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Fitness and athleticism was on display as a key factor when this proved to outdo better playing skills of Spanish and German players in Japan's win over Germany and Spain. This was also evident for other smaller nations such as Morocco and Saudi Arabia. At one point Costa Rica led Germany 2-1, showing that fitness and determination plays a key part in soccer and all sports.

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Macron and Le Pen restart campaigns with Mélenchon a potential kingmaker

  
The Guardian - 04.11.2022 Original article ›
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Melenchon got the largest support from 24 to 34 yer olds, and ended up with 22% of the vote only a few points behind Le Pen. A lot depends on how his support base votes in the next round vote on April 24. Marie Le Pen got most of her support from people 50 to 59 years old, and Macron from people over 70 years, says this report.

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Generating energy from banana peel

  
The Hindu - 04.24.2022 Original article ›
D. Balasubramanian
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Work done by the Swiss Federal Institute of Technology in Lausanne using short burst of photothermal energy on biomass to produce hydrogen yet keeping the carbon intact, is shown in this Science article in The Hindu. These experiments and others are looking at the use of hydrogen as a form of renewable energy. Hydrogen has an impressive energy storage capacity which makes it an attractive source for renewable energy.

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Original article 4 minutes, gist 1 minute

Jan. 6 Committee Releases Final Investigative Report on Capitol Attack

  
WSJ - 12.23.2022 Original article ›
Scott Patterson
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The Jan 6 Panel of the US Congress puts out its report on the efforts to overturn the election results of the 2020 election that elected Joe Biden as president. Social fracturing from decades of policy that misallocated capital away from education, communities and health, hollowed out American manufacturing, neglected American communities and infrastructure, increased the gaps in income and wealth in society, led to unintended consequences.

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Developing countries desire a globalisation that does not create climate or debt crisis: PM Modi

  
The Hindu - 01.13.2023 Original article ›
The Hindu Bureau
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Modi tells the Voice of Global South virtual Summit - "Developing countries desire globalization that doesn't create climate crisis or debt crisis, that doesnt lead to unequal distribution of vaccines, or over-concentrated global supply chains." He pointed out that what was needed was "globalization that brings prosperity and well being to humanity as a whole. In short human-centric globalization."

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Original article 2 minutes, gist 1 minute

Microsoft to Lay Off 10,000 Workers as Slowdown Hits Software Business

  
WSJ - 01.18.2023 Original article ›
Tom Dotan
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Microsoft will be taking a $1.2 billion charge to earnings related to severance costs for 10,000 layoffs, as it prepares to do with fewer workers in a slowing economy. Tech took a larger part of US investments than warranted leaving public investments in infrastructure unfunded or underfunded. This is reversing as the US makes a push in infrastructure spending and in new factory investments in manufacturing.

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Davos day 4: IMF’s Georgieva says economic outlook ‘less bad’ than feared; Russia heading for ‘incredible poverty’ – business live

  
The Guardian - 01.20.2023 Original article ›
LyrArc Article Gist
Kristalina Georgieva, head of the IMF says at Davos Forum that the economic outlook "is less bad than feared a couple of months ago." Inflation heading down, and the reopening of China were two positive factors, says Georgieva. The IMF now expects the world economy to grow at 2.7% in 2023. The strength of labour markets has led to consumers maintaining spending growth.

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Ukraine’s Winter Could Turn Against Russian Troops

  
WSJ - 01.21.2023 Original article ›
Alistair Mac Donald, Oksana Pyrozhok
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Trench candles are keeping Ukraine soldiers warm this winter on the front and in trenches. A can tightly filled with cardboard is what a trench candle is. If it is lit 1-2 hours before going to sleep at night it can generate a surprising amount of warmth. Warm clothing is being sent from many countries including Canada and the US to Ukraine soldiers.

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Dangerous heatwaves engulf parts of China, US and Europe

  
The Guardian - 07.12.2022 Original article ›
LyrArc Article Gist
In a sign of the severity of climate change impact in China 86 cities in southern and eastern China are shown to have heat alerts as of July 12. Temperatures over 40 degrees were only recorded for 15 days since 1873 in Shanghai says this report in The Guardian. Shanghai expects hot weather of 40 degrees. Cities Nanjing, Wuhan and Chongqing are experiencing extreme weather.

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WSJ News Exclusive | Blinken to Highlight Ukraine War in Push for Supply-Chain Cooperation

  
WSJ - 07.19.2022 Original article ›
William Mauldin
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The Biden administration is pushing ahead with a new supply chain at a virtual two day meeting of 17 countries. In addition to the US and the European Union trade and economy ministers of Australia, Japan, South Korea, India, Singapore, Indonesia, will attend. It is an effort to build an alternative to the existing supply chain because of its dangerous dependence on China and Russia.

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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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Original article 1 minute, gist 1 minute

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

1 Links   
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
LyrArc Article Gist
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

1 Links 1 Groups   
NYTimes.com - 04.30.2021 Original article ›
LyrArc Article Gist
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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Original article 3 minutes, gist 1 minute

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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Original article 1 minute, gist 1 minute

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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Original article 3 minutes, gist 1 minute

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 ›
LyrArc Article Gist
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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Original article 1 minute, gist 1 minute

Is the economy turning? | HT Editorial

  
Hindustan Times - 11.30.2020 Original article ›
LyrArc Article Gist
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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