Latest news with #Rothenberg
Business Recorder
19 hours ago
- Business
- Business Recorder
Oil rises on signs of strong demand
NEW YORK: Oil prices edged higher on Tuesday as investors took stock of positive demand indicators, while also treading cautiously ahead of an OPEC+ meeting to decide the group's August output policy. Brent crude was up 18 cents, or 0.3%, to $66.92 a barrel at 11:36 a.m. ET (1536 GMT), while US West Texas Intermediate crude was up 27 cents, or around 0.4%, to $65.38 a barrel. The gains were likely due to supportive data from a private-sector survey in China, which showed factory activity returned to expansion in June, said Randall Rothenberg, risk intelligence expert at US oil brokerage Liquidity Energy. Expectations that Saudi Arabia will raise its August crude oil prices for buyers in Asia to a four-month high, and firm premiums for Russian ESPO Blend crude oil, were also supporting the notion of robust demand, Rothenberg said. Meanwhile, oil's gains were kept in check by expectations that the OPEC+ group will raise its August crude oil output by an amount similar to the outsized hikes agreed in May, June, and July. Four OPEC+ sources told Reuters last week that the group plans to raise output by 411,000 bpd next month when it meets on July 6. 'All eyes will be on OPEC+'s decision over the weekend, when the group is expected to add another 411,000 bpd of production in an effort to gain more market share, primarily over the US shale producers,' StoneX energy analyst Alex Hodes wrote to clients. Besides gaining market share from US shale producers, which pumped oil at a record pace in April according to official data released on Monday, the group has also been trying to punish overproducing members. OPEC+ member Kazakhstan, one of world's 10 largest oil producers, raised oil production last month to match an all-time high, a source familiar with the data told Reuters on Tuesday. Saudi Arabia, the de facto leader of the OPEC+ group, raised its June crude oil exports to the fastest rate in a year, data from Kpler showed. 'These exports are flooding out even faster than the OPEC+ deal implies during the summer when peak domestic demand typically keeps oil supplies closer to home,' Hodes said. Investors are also watching trade negotiations ahead of US President Donald Trump's tariff deadline of July 9. US Treasury Secretary Scott Bessent warned that countries could be notified of sharply higher tariffs despite good-faith negotiations as that deadline approaches, when tariff rates are scheduled to revert from a temporary 10% level to the ones Trump announced on April 2 and then suspended. The European Union wants immediate relief from tariffs in key sectors as part of any trade deal with the US due by the July 9 deadline, EU diplomats told Reuters.
Business Recorder
a day ago
- Business
- Business Recorder
Oil rises on signs of strong demand, investors await OPEC+ output decision
NEW YORK: Oil prices edged higher on Tuesday as investors took stock of positive demand indicators, while also treading cautiously ahead of an OPEC+ meeting to decide the group's August output policy. Brent crude was up 18 cents, or 0.3%, to $66.92 a barrel at 11:36 a.m. ET (1536 GMT), while U.S. West Texas Intermediate crude was up 27 cents, or around 0.4%, to $65.38 a barrel. The gains were likely due to supportive data from a private-sector survey in China, which showed factory activity returned to expansion in June, said Randall Rothenberg, risk intelligence expert at U.S. oil brokerage Liquidity Energy. Expectations that Saudi Arabia will raise its August crude oil prices for buyers in Asia to a four-month high, and firm premiums for Russian ESPO Blend crude oil, were also supporting the notion of robust demand, Rothenberg said. Meanwhile, oil's gains were kept in check by expectations that the OPEC+ group will raise its August crude oil output by an amount similar to the outsized hikes agreed in May, June, and July. Four OPEC+ sources told Reuters last week that the group plans to raise output by 411,000 bpd next month when it meets on July 6. 'All eyes will be on OPEC+'s decision over the weekend, when the group is expected to add another 411,000 bpd of production in an effort to gain more market share, primarily over the US shale producers,' StoneX energy analyst Alex Hodes wrote to clients.. Oil prices slip on easing Middle East risks Besides gaining market share from U.S. shale producers, which pumped oil at a record pace in April according to official data released on Monday, the group has also been trying to punish overproducing members. OPEC+ member Kazakhstan, one of world's 10 largest oil producers, raised oil production last month to match an all-time high, a source familiar with the data told Reuters on Tuesday. Saudi Arabia, the de facto leader of the OPEC+ group, raised its June crude oil exports to the fastest rate in a year, data from Kpler showed. 'These exports are flooding out even faster than the OPEC+ deal implies during the summer when peak domestic demand typically keeps oil supplies closer to home,' Hodes said. Investors are also watching trade negotiations ahead of U.S. President Donald Trump's tariff deadline of July 9. U.S. Treasury Secretary Scott Bessent warned that countries could be notified of sharply higher tariffs despite good-faith negotiations as that deadline approaches, when tariff rates are scheduled to revert from a temporary 10% level to the ones Trump announced on April 2 and then suspended. The European Union wants immediate relief from tariffs in key sectors as part of any trade deal with the U.S. due by the July 9 deadline, EU diplomats told Reuters. Morgan Stanley expects Brent futures to retrace to around $60 by early next year, with the market being well supplied and geopolitical risk abating following the de-escalation of the Israel-Iran conflict. It expects an oversupply of 1.3 million bpd in 2026.
Yahoo
28-05-2025
- General
- Yahoo
Lone soldier saves life of Massachusetts doctor with stem cell donation
The lone soldier who made aliyah from California had only just turned 23 when she received the call telling her someone needed her stem cells. Maya Ben Yitzhak, a lone soldier from Chicago, saved the life of a 64-year-old Massachusetts woman after she donated her bone marrow, Ezer Mizion shared this week. When she decided to enlist in the IDF, she registered with Ezer Mizion's Bone Marrow Registry after doing a simple cheek swab. The organization later contacted her last year to inform her that she was a perfect match for a woman in her 60s who needed marrow. Ben Yitzhak shared, "On my birthday, a year and a half ago, I received a notification about a match, and since then, the process has been completely smooth. I had the privilege of getting to know Amy, and we have an amazing connection. A very special connection. Being a part of this is a life-changing step. It's the greatest gift I could have asked for my birthday." Only a year and a half after joining the registry, Ben Yitzhak readily donated her stem cells, which were sent to the United States. Her donation saved the life of Dr. Rothenberg, a Jewish woman battling leukemia. Maya Ben Yitzhak, a lone soldier from Chicago, saved the life of a 64-year-old Massachusetts woman after she donated her bone marrow (Sagiv Belkind) Since the life-saving donation, Dr. Rothenberg has traveled to Israel to meet with the young lone soldier who saved her life. "When the doctor told me I had a match and she was in Israel, I said, 'Wow, that's amazing.' I thank my donor every single day. I talk to her a lot, I thank her and keep telling her how much I appreciate her," Dr. Rothenberg shared. "Before I met my donor, I thought it took a lot of generosity and energy to agree to donate like that – to help someone from another part of the world and save their life – when you don't know who it's going to, who it's saving – and still say yes – that's incredible! Thank you very much for saying yes! Thank you very much for investing your time to save a life. And especially, thank you for saving my life." Dr. Rothenberg has been battling multiple forms of cancer since she was first diagnosed with breast and ovarian cancer in 2014. The pair met at the Ezer Mizion Cancer Center in Petah Tikvah. The organization's registry is the sixth largest globally, with a sample size of 1,300,000 potential stem cell donors. Director of Ezer Mizion's Bone Marrow Registry, Dr. Bracha Zisser, said: "There are many layers to this story. Perhaps more than anything else, the amazing story of Amy and Maya symbolizes Jewish mutual responsibility revealed in all its glory. The fact that Maya didn't think twice and decided to give life to a woman she didn't know is a model for every one of us, as 'Whoever saves one life, it is as if he saved an entire world.' Indeed, that is what Amy has done!' 'It is fitting here to thank the Boeing Company, which sponsored the cost of lab testing for Maya, which covered the $50 charge of tissue typing Maya's cheek swab," Zisser noted. "When donors sponsor lab testing for a block of swabs, we tag those swabs. When a transplant is made from their swabs, we let the sponsor know that they have had a share in saving a life. Thank you, Boeing Company, for your lifesaving partnership, which has - until today - saved 51 lives!' Sign up for the Health & Wellness newsletter >>
Economic Times
26-04-2025
- Politics
- Economic Times
US-Canada-Mexico joint World Cup goes from unity to acrimony thanks to tariffs and ''51st state'' talk
Tired of too many ads? Remove Ads Will the world come to the 2026 World Cup and the 2028 Olympics? Tired of too many ads? Remove Ads Spectators booing the U.S. national anthem Tired of too many ads? Remove Ads Will Trump's tariffs and other policies affect soccer's World Cup? Seven years ago, when a joint bid by the United States, Canada and Mexico was awarded the 2026 World Cup , rifts created by tariffs - yes, back then, too! - and a proposed border wall were glossed over because of the neighbors' longstanding political and economic alliances. "The unity of the three nations? was the overriding theme articulated by Carlos Cordeiro , then-president of the U.S. Soccer Federation. "A powerful message," he called here we are now, with the soccer showcase arriving in North America in about 15 months, and President Donald Trump back in office - inciting trade wars between the neighbors, not to mention across the globe, by levying tariffs that come, then go, then return, with more promised, including what the Republican calls " reciprocal tariffs " starting hard to know how, exactly, the current geopolitical fissures, made all the more stark every time Trump or those in his administration talk provocatively about making Canada the 51st state, might affect the World Cup, its organization and coordination, fans' travel plans and more."Oh, I think it's going to make it more exciting," was Trump's take during an Oval Office appearance with FIFA President Gianni Infantino last month. "Tension's a good thing."Given that the U.S. also is preparing to welcome the world for FIFA's Club World Cup in June, golf's Ryder Cup in September and the Los Angeles Olympics in 2028, the question becomes: Will the world want to come?And, taking Trump's border and visa policies into account, will the world be able to?Alan Rothenberg, who ran the 1994 World Cup and successfully oversaw the bid to host the 1999 Women's World Cup as then-president of U.S. Soccer, thinks the answers to those questions are "Yes." Pointing to concerns about the last two World Cups, in Russia in 2018 and Qatar in 2022, he noted those still attracted attendance totals above 3 million apiece."People love the United States around the world - frankly, we wouldn't have the immigration issue that we're dealing with if that weren't the case - so a lot of this is government-to-government," Rothenberg said. "A passionate soccer fan is not going to be held up by that."He doesn't think one of the host nations would drop out of the World Cup, say, or that other countries might boycott, as happened at the 1976, 1980 and 1984 Summer Olympics."More than anything, they'll see it as an opportunity for, perhaps, rapprochement, rather than escalating the tensions," Rothenberg said."Besides, from an organizing standpoint, if either Canada or Mexico withdrew" from the World Cup, he said, "the U.S. would pick up the games in a heartbeat."Still, as the White House stance on tariffs and Russia's war in Ukraine have put Europe on edge, and relations with other countries have become fraught, it might not be a surprise if soccer stadiums for the U.S. games at the World Cup offer the same sort of anti-American sentiment heard when spectators in Canada booed "The Star-Spangled Banner" during hockey's 4 Nations Face-Off in soccer's governing body, did not respond to Associated Press requests for comment, but Infantino has never hidden his admiration for Trump, which he often demonstrates via social media. They have met at least five times since the U.S. election in week, when Kirsty Coventry was elected president of the International Olympic Committee - becoming the first woman in that position - she was asked how she would work with Trump and what she would tell athletes about traveling to the U.S. for the next Games."I have been dealing with, let's say, difficult men, in high positions since I was 20 years old," Coventry said with a chuckle, "and first and foremost, what I have learned is that communication will be key. That is something that will happen early on. And my firm belief is that President Trump is a huge lover of sports. He will want these Games to be significant. He will want them to be a success."Referring to concerns about whether the administration might deny some athletes visas, she added: "We will not waver from our values ... of solidarity in ensuring that every athlete that qualifies for the Olympic Games has the possibility to attend the Olympic Games and be safe during the Olympic Games."The overriding assumption among those involved in the Olympics is that Trump will assure the 2028 Games are a U.S. Olympic and Paralympic Committee chairman Gene Sykes put it: "I can't speak for him, but I think he's the kind of person who probably believes that having these go very, very well is a reflection of his leadership.""The most likely outcome is that Trump's nonsense won't have an impact," said Smith College professor Andrew Zimbalist, an expert on the economics of sports."My guess is that if relations between Canada and the U.S. deteriorate to the point that there are travel restrictions and spending restrictions," Zimbalist said, "Trump would - just like he's making exceptions all the time on his tariffs policies - make an exception for a month or six weeks."The U.S. and Canadian soccer federations declined AP requests for comment on how White House policies might affect the 2026 World Cuevas, who represents Mexico's government in meetings with FIFA, said she considers the tariffs and the soccer event "separate issues," adding that she believes "the World Cup could be a route to engage in a conversation."Observers tend to agree, saying logistics such as security cooperation or team transportation from city to city - or country to country - should not be hampered when it comes to the World Cup, scheduled to take place in 16 cities across the U.S., Canada and Mexico from June 11 to July 19, 2026.
Time of India
25-04-2025
- Politics
- Time of India
US-Canada-Mexico joint World Cup goes from unity to acrimony thanks to tariffs and ''51st state'' talk
Will the world come to the 2026 World Cup and the 2028 Olympics? Live Events Spectators booing the U.S. national anthem Will Trump's tariffs and other policies affect soccer's World Cup? Seven years ago, when a joint bid by the United States, Canada and Mexico was awarded the 2026 World Cup , rifts created by tariffs - yes, back then, too! - and a proposed border wall were glossed over because of the neighbors' longstanding political and economic alliances. "The unity of the three nations? was the overriding theme articulated by Carlos Cordeiro , then-president of the U.S. Soccer Federation. "A powerful message," he called here we are now, with the soccer showcase arriving in North America in about 15 months, and President Donald Trump back in office - inciting trade wars between the neighbors, not to mention across the globe, by levying tariffs that come, then go, then return, with more promised, including what the Republican calls " reciprocal tariffs " starting hard to know how, exactly, the current geopolitical fissures, made all the more stark every time Trump or those in his administration talk provocatively about making Canada the 51st state, might affect the World Cup, its organization and coordination, fans' travel plans and more."Oh, I think it's going to make it more exciting," was Trump's take during an Oval Office appearance with FIFA President Gianni Infantino last month. "Tension's a good thing."Given that the U.S. also is preparing to welcome the world for FIFA's Club World Cup in June, golf's Ryder Cup in September and the Los Angeles Olympics in 2028, the question becomes: Will the world want to come?And, taking Trump's border and visa policies into account, will the world be able to?Alan Rothenberg, who ran the 1994 World Cup and successfully oversaw the bid to host the 1999 Women's World Cup as then-president of U.S. Soccer, thinks the answers to those questions are "Yes." Pointing to concerns about the last two World Cups, in Russia in 2018 and Qatar in 2022, he noted those still attracted attendance totals above 3 million apiece."People love the United States around the world - frankly, we wouldn't have the immigration issue that we're dealing with if that weren't the case - so a lot of this is government-to-government," Rothenberg said. "A passionate soccer fan is not going to be held up by that."He doesn't think one of the host nations would drop out of the World Cup, say, or that other countries might boycott, as happened at the 1976, 1980 and 1984 Summer Olympics."More than anything, they'll see it as an opportunity for, perhaps, rapprochement, rather than escalating the tensions," Rothenberg said."Besides, from an organizing standpoint, if either Canada or Mexico withdrew" from the World Cup, he said, "the U.S. would pick up the games in a heartbeat."Still, as the White House stance on tariffs and Russia's war in Ukraine have put Europe on edge, and relations with other countries have become fraught, it might not be a surprise if soccer stadiums for the U.S. games at the World Cup offer the same sort of anti-American sentiment heard when spectators in Canada booed "The Star-Spangled Banner" during hockey's 4 Nations Face-Off in soccer's governing body, did not respond to Associated Press requests for comment, but Infantino has never hidden his admiration for Trump, which he often demonstrates via social media. They have met at least five times since the U.S. election in week, when Kirsty Coventry was elected president of the International Olympic Committee - becoming the first woman in that position - she was asked how she would work with Trump and what she would tell athletes about traveling to the U.S. for the next Games."I have been dealing with, let's say, difficult men, in high positions since I was 20 years old," Coventry said with a chuckle, "and first and foremost, what I have learned is that communication will be key. That is something that will happen early on. And my firm belief is that President Trump is a huge lover of sports. He will want these Games to be significant. He will want them to be a success."Referring to concerns about whether the administration might deny some athletes visas, she added: "We will not waver from our values ... of solidarity in ensuring that every athlete that qualifies for the Olympic Games has the possibility to attend the Olympic Games and be safe during the Olympic Games."The overriding assumption among those involved in the Olympics is that Trump will assure the 2028 Games are a U.S. Olympic and Paralympic Committee chairman Gene Sykes put it: "I can't speak for him, but I think he's the kind of person who probably believes that having these go very, very well is a reflection of his leadership.""The most likely outcome is that Trump's nonsense won't have an impact," said Smith College professor Andrew Zimbalist, an expert on the economics of sports."My guess is that if relations between Canada and the U.S. deteriorate to the point that there are travel restrictions and spending restrictions," Zimbalist said, "Trump would - just like he's making exceptions all the time on his tariffs policies - make an exception for a month or six weeks."The U.S. and Canadian soccer federations declined AP requests for comment on how White House policies might affect the 2026 World Cuevas, who represents Mexico's government in meetings with FIFA, said she considers the tariffs and the soccer event "separate issues," adding that she believes "the World Cup could be a route to engage in a conversation."Observers tend to agree, saying logistics such as security cooperation or team transportation from city to city - or country to country - should not be hampered when it comes to the World Cup, scheduled to take place in 16 cities across the U.S., Canada and Mexico from June 11 to July 19, 2026.
