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U.S. Stock Futures Edge Down Ahead of Jobless Figures

Australia's Trade Surplus Increases In April

(RTTNews) – Australia’s trade surplus increased notably in April as exports increased amid falling imports, the Australian Bureau of Statistics reported Thursday. The trade surplus increased to A$8.02 billion from A$5.79 billion in March. This was above the economists’ forecast of A$7.9 billion. Exports grew 3 percent to A$39.77 billion, while imports fell 3 percent to A$31.74 billion. As the increase in the trade surplus was largely driven by higher commodity prices, export volumes will need to recover further in the months ahead to prevent trade from being a drag on GDP growth yet again in the second quarter, Ben Udy, an economist at Capital Economics, said. Another report from the statistical office showed that retail sales grew 1.1 percent on a monthly basis, as initially estimated, in April, following a 1.3 percent rise in March. On a yearly basis, retail turnover surged 25 percent in April.

Russian news site to close over 'foreign agent' designation

MOSCOW (AFP) – One of Russia’s last remaining independent media outlets, VTimes, announced on Thursday (June 3) it would cease publication later this month after it was branded a “foreign agent” by authorities. The statement from VTimes editors comes at a difficult time for Russian journalists and editors who do not work for state-run media, with space for independent journalism and dissenting voices shrinking dramatically. Editors said in a statement they had considered several ways to continue publication since the designation last month, but that each scenario rendered staff vulnerable to criminal prosecution or imprisonment. “Essentially, VTimes is being pushed into the niche of opposition, political media. But we conceived of and made a completely different publication,” management said in a statement. “Therefore, we decided to stop publishing VTimes on June 12, the Independence Day of Russia.” The Justice Ministry explained in May that VTimes was being added to Russia’s list of foreign agents because it is registered in the Netherlands. The branding requires branded organisations to disclose sources of funding and label publications with a tag. The designation is seen as a deterrent for advertisers, and staff of publications with the label say

Nano One and Johnson Matthey enter into a Joint Development Agreement for lithium-ion battery materials

Nano One and Johnson Matthey announce the signing of a Joint Development Agreement. Co-development of next generation products and processes for Johnson Matthey’s eLNO® family of nickel-rich advanced cathode materials using Nano One’s patented One-Pot process. Includes detailed commercialization study for pre-pilot, pilot and scaled up production. Builds on the successful technical reviews and evaluations conducted by Nano One and JM over the past year. LONDON, June 3, 2021 /PRNewswire/ — Nano One® Materials Corp. (Nano One), a clean technology innovator in battery materials, and Johnson Matthey (JM), a global leader in sustainable technologies, today announced a joint development agreement. Under this agreement the companies will co-develop next generation products and processes for Johnson Matthey’s eLNO® family of nickel-rich advanced cathode materials using Nano One’s patented One-Pot process and coated nanocrystal technology, for the low-cost, low-carbon footprint production of high-performance lithium ion battery cathode materials. JM has already made significant progress in the commercialisation of its family of nickel rich advanced cathode materials and has set a new standard in the sustainable production of battery cathode materials. Nano One’s patented One-Pot process is designed to form a type of cathode material known as “coated single crystal” which can deliver increased

First Section of the Second Well (6-1) Provides Further Confirmation of a Working Petroleum System and First Report of Progress On ESG

VANCOUVER, BC, June 3, 2021 /CNW/ – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) announces the Company has set intermediate casing and is pleased to report geologic results in the first section of this second well (6-1), which again confirms a working petroleum system in the Kavango Sedimentary Basin. As well, the Company is strengthening its Environment, Social & Governance (“ESG”) standard and committing a minimum of Canadian $10mm (Namibian $112mm) of ESG expenditures to the Kavango region in which it operates.Drilling OperationsIn keeping with its commitment to the Namibian government, on May 5, 2021 the Company commenced drilling operations of its second well (6-1), of an initial three well program to continue the evaluation of working conventional hydrocarbon systems confirmed in the first well (6-2) in the Kavango Sedimentary Basin. Having set and cemented 17 ½” surface casing at 150m, earlier this month, ReconAfrica has reached the intermediate casing point, set 12 ¼” steel casing and has completed the cementing operation. Steel casing and cementing are key elements of all oil well drilling to protect natural aquifers. This work has been completed in accordance with international standards and best practices. Based

Britain set to stay cautious on foreign travel amid Covid-19 surge

LONDON (BLOOMBERG) – British Prime Minister Boris Johnson’s government is likely to keep tight limits on international travel for the weeks ahead, denting hopes of a major summer revival for aviation and tourism businesses which have been hammered by the pandemic. Officials are set to announce a revised “green list” of countries deemed safe for leisure travel on Thursday (Jun 3), but the government is likely to stay cautious in the face of a growing threat of another wave of infections, a person familiar with the matter said. Mr Johnson said that while he wanted to allow foreign travel, the government will have “no hesitation” in moving previously safe countries onto to the high risk list if their pandemic situation worsens. The government’s Joint Biosecurity Centre will make recommendations about the safety of travel, he said. “We’ve got to be cautious and we’ve got to continue to put countries on the red list, on the amber list, when that is necessary,” Mr Johnson told reporters. “We will have no hesitation in moving countries from the green list to the amber list to the red list, if we have to do so. The priority is to continue the

Sensex Up Over 300 Points; Nifty Tops 15,650

(RTTNews) – Indian shares opened a tad higher on Thursday amid positive global cues and ahead of the RBI monetary policy decision due Friday. The central bank is likely to maintain status quo on rates as the economic outlook remains uncertain in light of the continuing pandemic. The benchmark S&P BSE Sensex climbed 325 points, or 0.6 percent, to 52,174 in early trade, while the broader NSE Nifty index was up 93 points, or 0.6 percent, at 15,669. PVR rose nearly 2 percent despite widening its Q4 net loss. Wipro gained half a percent after selling its entire stake in Denim Group. Tata Power Company advanced 1.2 percent. Its subsidiary Tata Power Solar has received “Letter of Award” to build 210 MWp of Solar PV projects for NTPC. Muthoot Finance surged 4.4 percent on reporting a 22 percent rise in fourth-quarter standalone net profit. Rossari Biotech jumped 4.2 percent as it signed a pact to acquire Unitop Chemicals Private Ltd in multiple tranches for Rs. 421 crore in cash. Persistent Systems edged up slightly after expanding its collaboration with IBM. Gujarat State Petronet rose 1.2 percent ahead of its earnings release.

Trump administration secretly seized phone records

WASHINGTON (NYTIMES) – The Trump Justice Department secretly seized the phone records of four New York Times reporters spanning nearly four months in 2017 as part of a leak investigation, the Biden administration disclosed on Wednesday (June 2). It was the latest in a series of revelations about the Trump administration secretly obtaining reporters’ communications records in an effort to uncover their sources. Last month, the Biden Justice Department disclosed Trump-era seizures of the phone logs of reporters who work for The Washington Post and the phone and email logs for a CNN reporter. Mr Dean Baquet, the executive editor of The Times, condemned the action by the Trump administration. “Seizing the phone records of journalists profoundly undermines press freedom,” he said in a statement. “It threatens to silence the sources we depend on to provide the public with essential information about what the government is doing.” Last month, after the disclosures about the seizures of communications records involving Post and CNN reporters, US President Joe Biden said he would not allow the department to take such a step during his administration, calling it “simply, simply wrong”. Referring to that declaration, Mr Baquet added: “President Biden has

Shanghai Disney Resort and Goodbaby Group Enter Multi-Year Resort Alliance

SHANGHAI, June 3, 2021 /PRNewswire/ — Shanghai Disney Resort and Goodbaby Group, one of the world’s leading parenting product companies, jointly announced today that the two parties have entered into a multi-year resort alliance – introducing Goodbaby as the Official Stroller Sponsor of Shanghai Disney Resort. The brand-new strollers, custom-tailored for Shanghai Disneyland, are now available in the park, providing an even smoother and more enjoyable experience for families with little ones. “We put great importance in delivering an exceptional guest experience and are always looking for innovative solutions to enhance and improve every single detail of our offerings,” said Joe Schott, President and General Manager, Shanghai Disney Resort. “With this exciting new alliance, we have spent many months working together with Goodbaby to design and develop a stroller that delivers an elevated park experience for families with young children.”Both children and their guardians will find the stroller to be a relaxing and useful aid during their visit to Shanghai Disneyland. The stroller takes advantage of expanded seating space and its adjustable seated and lying-down modes deliver a more comfortable ride for children aged six months to seven years old. With an innovative brake on the stroller’s handle and an

Germany to speed up wind and solar energy expansion: Draft

BERLIN (REUTERS) – The German government plans to speed up the expansion of wind and solar energy by 2030 as part of its climate protection programme, a draft law seen by Reuters showed on Wednesday (June 2). The new plan aims to expand installed production capacity of onshore wind energy to 95 gigawatts by 2030 from a previous target of 71 GW, and of solar energy to 150 GW from 100 GW, the draft showed. Germany’s installed capacity of onshore wind power stood at of 54.4 GW and of solar energy at 52 GW in 2020. The climate protection programme also envisages funding of around 7.8 billion euros (S$12.6 billion) for next year, including 2.5 billion euros for building refurbishment and an extra 1.8 billion euros for subsidies for electric car purchases. The plan also includes doubling support to help industry change processes to cut emissions of carbon dioxide, such as in steel or cement production. However, these financial pledges can only be approved after the German federal election in September. The move comes after Germany’s Constitutional Court ruled in April that Chancellor Angela Merkel’s government had failed to set out how to cut