Tuesday, May 2, 2023

Let's Do The News! (May 2, 2023)

                                             

Your daily round-up of today's news:

- According to PAGASA, the El Nino phenomenon may emerge in the coming June-August season at 80% probability and may persist until early 2024.

- The Malacanang mulls bringing back the facemask mandate amid a sudden spike of COVID cases in the Philippines.

- In his state visit to US President Joe Biden, Philippine President Bongbong Marcos is seeking "trilateral modes of cooperation" between the two allies with other countries. US President Biden told PBBM "The United States remains ironclad in our commitment to the defense of the Philippines, including the South China Sea."

- China is increasingly barring people, including foreign executives, from leaving the country. This comes after the authorities say the country is open for business after three years of COVID restrictions.

- Russia's military has suffered an estimated 100K casualties recorded in the last five months in fighting in the Bakhmut region and other areas of Ukraine, according to reports.

- Donald Trump should be able to talk about the evidence in the criminal case against him over hush money to Stormy Daniels, according to his lawyers in a court filing.

-Kenyan authorities began autopsies of over a hundred corpses found in mass graves linked to a Kenyan pastor accused of inciting his followers to starve to death.

- The recent merger between JPMorgan and First Republic Bank forced the Biden administration to question its stance on mergers, explaining how the biggest banks in the US get even bigger. US President Biden hailed the sale of the troubled San Francisco-based lender, saying it would protect all depositors and avert a government bailout.

- The Biden administration has summoned four top congressional leaders to the White House next week following the US Treasury's warning that the government may run out of funding to pay its bills by June.

- Morgan Stanley is slashing three thousand jobs in the second quarter, according to reports.

- Lia Block, the daughter of the late Ken Block, will be driving the heavily modified Porsche 911, called the Hoonipigasus, at next month's Pikes Peak International Hill Climb in a non-timed exhibition run in honor of her late father.

- Tennis superstar Serena Williams announced her pregnancy with her second child.

- The Writers Guild triggered their first strike in 15 years after negotiations with the labor group representing studios and streamers failed. Members will begin picketing Tuesday afternoon in various studios across California and New York.

TTFN.

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