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The European Union announced a new package of sanctions against Russia on Tuesday, saying that Moscow’s daily deadly attacks against Ukraine show that it is not interested in peace – despite recent diplomatic efforts.

The new package – the 18th since Russia launched its full-scale unprovoked invasion against its neighbor in 2022 – is designed to further target the Kremlin’s ability to make money from its oil and gas production.

The proposal includes lowering the price cap on Russian oil exports from $60 to $45 per barrel and introducing a full transaction ban on Russian banks and financial institutions in third countries that help Russia circumvent existing sanctions.

The EU said it is also proposing a ban on the use of Russian energy infrastructure, forbidding any EU operator from engaging directly or indirectly in any transactions that involve the Nord Stream pipelines.

The new package will need to be approved by the EU’s 27 member states. That could be complicated given previous concerns raised by some more pro-Kremlin governments, such as Hungary and Slovakia, about further sanctions targeting Russia.

While both those countries have previously threatened to block new rounds of sanctions, so far they have ultimately voted in favor of them.

The President of the European Commission Ursula von der Leyen said the sanctions were necessary “because strength is the only language that Russia will understand.”

“We want peace for Ukraine. Despite weeks of diplomatic attempts, despite (Ukraine’s) President (Volodymyr) Zelensky’s offer of an unconditional ceasefire, Russia continues to bring death and destruction to Ukraine. Russia’s goal is not peace, it is to impose the rule of might. Therefore, we are ramping up pressure on Russia,” von der Leyen said at a news conference in Brussels.

The leaders of Germany, France, the United Kingdom and Poland last month told Russian leader Vladimir Putin to agree to a 30-day ceasefire or face possible “massive” sanctions. Putin ignored the ultimatum, proposing instead “direct talks” between Moscow and Kyiv.

But two rounds of talks in Istanbul, Turkey, have made it clear Russia is sticking to its maximalist demands that would essentially equate to Ukraine’s capitulation.

Targeting Russian energy

Explaining why the EU has targeted Russia’s energy sector, the Commission chief said oil exports still represent one third of Russian government revenues.

“We need to cut this source of revenue,” she said.

The oil price cap was introduced by the EU and G7 countries in December 2022.

The cap, which applies to Russia’s seaborne oil exports, prohibits Western companies from providing shipping, insurance and other services needed to export the fuel unless it is priced below the threshold.

By enforcing a price cap, the EU and its allies have tried to diminish a key source of revenue for the Kremlin while still allowing its oil to flow to the global energy market – because cutting Russia’s supplies completely could destabilize the market and cause prices to shoot up.

Von der Leyen said on Tuesday that the price cap needs lowering because global oil prices had fallen since the cap was first introduced and now trade “very close” to the $60 level.

The price of a barrel of Brent crude, the global oil benchmark, has dropped 18% since the price cap on Russian crude took effect on December 5, 2022. It was trading at almost $68 a barrel late morning Eastern Time (ET) on Tuesday.

The bloc also wants to harden sanctions on Russia’s banking sector. Shortly after the invasion, the United States, EU, Britain and Canada jointly banned some Russian banks from the SWIFT messaging service – a high-security network connecting thousands of financial institutions around the world. That has made it far more difficult for those banks to send and receive money from abroad.

Now, the Commission wants to go a step further and prevent any EU operator, such a a business, from conducting a transaction with a list of sanctioned Russian banks. It also plans to add another 22 of Moscow’s banks to that list. Additionally, the bloc wants to extend the transaction ban to financial institutions in third countries that help Russia circumvent existing sanctions.

Von der Leyen said the latest package of sanctions will also broaden the current ban on materials and technologies that can be exported to Russia, adding: “We want to make sure that Russia does not find ways to modernize its weapons with European technologies.”

The sanctions will also include new measures against 22 Russian and foreign companies providing direct or indirect support to Russia’s military and industrial complex.

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France said it has received a letter from the Palestinian Authority that contains “concrete and unprecedented commitments” to reform as Paris prepares to co-chair a conference on Palestinian statehood in New York.

“Hamas will no longer rule Gaza and must hand over its weapons and military capabilities to the Palestinian Security Forces, which will oversee their removal outside the occupied Palestinian territory, with Arab and international support,” the Élysée Palace cited Abbas as writing.

The letter France says it received comes as anticipation builds around whether President Emmanuel Macron might recognize the State of Palestine at a summit next week aimed at building support for Palestinian statehood at the United Nations. France is co-chairing the summit with Saudi Arabia.

France said Abbas pledged to organize presidential and general elections within a year in order to “rejuvenate the Palestinian governance.”

Abbas, 89, is deeply unpopular among Palestinians. He has led the PA since the death of Palestinian leader Yasser Arafat in 2004 and has clung to power despite being seen by critics as lacking democratic legitimacy. Proposals put forth by Arab states for a post-war Gaza have excluded Hamas from governance and called for the reformation of the PA.

The Guardian reported on Saturday that France may be retreating from its plan. The conference “has weakened its ambition and will instead hope to agree on steps towards recognition,” The Guardian said, citing diplomats, adding that “French officials briefing their Israeli counterparts this week reassured them the conference will not be the moment for recognition.”

“We can clearly see that some have an interest in suggesting that we are not moving in the direction of recognition. That is false,” the source said Tuesday, adding that “we are determined to recognize a Palestinian state in order to create the conditions for the state’s existence.”

The source highlighted the importance of the upcoming conference at the UN.

“Recognizing Palestinian statehood is consistent with France’s position in support of the legitimate aspirations of the Palestinian people,” the source said. “As part of the June 18 conference, it must contribute meaningfully to the momentum behind implementing the two-state solution, based on the principles reaffirmed by the President of the Republic.”

France would be the most prominent Western country to recognize Palestinian statehood. Last year, Spain, Ireland and Norway formally recognized the State of Palestine in a move that provoked backlash from Israel.

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A series of explosions were reported in the Colombian city of Cali on Tuesday morning.

The city’s mayor, Alejandro Eder, said authorities were “responding to two explosive devices in our city: one at the Meléndez police station and another at the Manuela Beltrán CAI.”

“Our law enforcement officers are already on site, and health teams are on standby for any eventuality,” the mayor stated on social media.

Several people were injured in the explosions, the sources said.

This is a developing story and will be updated.

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Here’s a look at the life Friedrich Merz, chancellor of Germany.

Personal

Birth date: November 11, 1955

Birth place: Brilon, Germany

Birth name: Joachim-Friedrich Martin Josef Merz

Father: Joachim Merz, judge

Mother: Paula Sauvigny

Marriage: Charlotte Gass (1981-present)

Children: Three

Education: Studied law at the University of Bonn and the University of Marburg, graduating in 1985.

Military service: 1975–1976

Religion: Catholic

Other Facts

Merz has a hardline stance on migration. He has called for asylum-seekers arriving from other European Union member states to be rejected at Germany’s land borders.

Merz has criticized liberal welfare benefits. He has promised to slash welfare spending, telling The Economist in a rare sit-down interview in the lead-up to the election that he wants to avoid “paying people who are not willing to work.”

In 2003, Merz argued that German tax rules should be simple enough to calculate on the back of a beer coaster.

Merz is an amateur pilot.

Timeline

1972 – Joins the Christian Democratic Union (CDU).

1985-1986 – Judge at Saarbrücken District Court.

1986-1989 – Lawyer for the German Chemical Industry Association.

1989 – Is elected to the European Parliament.

1994 – Wins a seat in the Bundestag.

2000 – Loses to Angela Merkel in a CDU party leadership election.

2009 – Merz leaves the Bundestag and joins the private sector, working as a lawyer.

2021 – Returns to his previous seat in the Bundestag.

January 2022 – After two failed bids for CDU party leadership, in 2018 and 2021, Merz is selected to lead the party.

February 23, 2025 – CDU and its sister party wins the federal election. Merz will likely be the next chancellor of Germany.

April 9, 2025 – Announces he will form a coalition with the center-left Social Democrats (SPD).

May 6, 2025 – Merz is approved as chancellor of Germany. He had fallen six votes short earlier in the day.

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Syria issued a conservative new dress code Tuesday requiring women to wear burkinis or full-body swimwear on all public beaches, the latest cultural shift since Islamist-led rebels toppled dictator Bashar al-Assad’s regime last December.

The Tourism Ministry said the new guidelines were made in “the requirements of public interest.”

“Visitors to public beaches and pools, whether tourists or locals, are required to wear appropriate swimwear that takes into account public taste and the sensibilities of various segments of society,” Tourism Minister Mazen al-Salhani said in a directive posted to Facebook.

“More modest swimwear is required at public beaches and pools (burkinis or swimsuits that cover more of the body),” said the directive, adding, “When moving between the beach and other places, it is necessary to wear a beach cover-up or loose-fitting robe (for women) over swimsuits.”

Men are required to wear shirts under the new guidance, which says that “topless clothing is not permitted in public areas outside of swimming areas, hotel lobbies, and food service areas.”

“In public areas outside of beaches and pools, it is preferable to wear loose clothing, covering shoulders and knees, and avoid transparent or overly tight clothing,” according to the directive.

However, the ministry said that in resorts and hotels “classified as international and premium (4-star)” and in private beaches and swimming pools ”typical Western swimwear is permitted.”

It’s unclear what repercussions people who do not follow the guidelines will face, but the ministry said that “lifeguards and beach supervisors” would monitor people to ensure compliance.

The new regulations reflect the influence of Hayat Tahrir al-Sham (HTS), the Islamist coalition now leading Syria’s transitional government. Formerly known as Al-Nusra Front, HTS is designated as a terrorist group by the US and UK.

Interim Syrian President Ahmad al-Sharaa, who signed the dress-code directive, led HTS in the lightning offensive that led to the fall of Assad, whose regime had been in power for several decades.

In March, al-Sharaa signed an interim constitution mandating Islamist rule for a transitional phase of five years. Al-Sharaa said in December that rewriting Syria’s constitution might take three years, with elections potentially taking place within five years.

The US-based Human Rights Watch said in March that Al-Sharaa’s “broad authority raises serious concerns about the durability of the rule of law and human rights protections unless clear safeguards are put in place.”

Tourism Minister al-Salhani, who recently courted Qatari and Saudi investors for tourism projects worth “billions of dollars,” framed the rules as respecting Syria’s cultural, social, and religious diversity.”

The announcement comes amid a push to revive Syria’s tourism industry following the lifting of US sanctions in May 2025 – a move US President Donald Trump described as a “chance at greatness” for Syria.

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Argentina’s top court effectively banned two-term former President Cristina Fernández de Kirchner from office and upheld a six-year jail sentence, likely drawing a curtain on one of the country’s most flamboyant and divisive political careers.

Kirchner, 72, a polarizing opposition figure and leftist president from 2007 to 2015, was convicted by a trial court in 2022 for a fraud scheme that steered public road work projects in the Patagonia to a close ally while she was president.

The ruling scuppers Kirchner’s plans to run in Buenos Aires provincial legislative elections, but could galvanize her divided Peronist opposition coalition, which has been licking its wounds since being ousted in 2023 by current libertarian President Javier Milei.

The Supreme Court’s three judges rejected Kirchner’s appeal and left in effect an appellate court decision that had upheld the guilty verdict. A lower court will decide whether to grant Kirchner house arrest due to her age.

“The complaint is dismissed,” the Supreme Court said in a ruling. Kirchner has denied wrongdoing and claims she is a victim of political persecution.

In Buenos Aires, her supporters blocked roads across the city. Some banged on drums. Others carried banners with the image of Evita Perón, the wife of Juan Perón, the founder of the political movement who was known as a defender of the poor.

“A triumverate of unpresentables,” Kirchner said of the Supreme Court judges after the ruling, speaking before thousands of supporters who rallied in downtown Buenos Aires outside the headquarters of her Peronist Justicialista party.

Kirchner’s shadow looms large over the Peronist movement, which needs to identify a new generation of leaders.

“The fact that she goes to jail and can’t be a candidate doesn’t eliminate her political movement,” said political analyst Carlos Fara. “Obviously though it won’t be the same.”

A government source said that it could both weaken or strengthen the opposition. Peronism “can either entrench itself or break into a thousand pieces,” the person told Reuters.

Justice?

Prosecutors accused Kirchner of directing hundreds of millions of dollars to construction magnate Lázaro Báez. During her government and that of her late husband, Néstor Kirchner, companies tied to Báez were awarded dozens of government contracts for roadwork projects in Patagonia but nearly half of them were abandoned, prosecutors said.

Báez and other officials were sentenced to prison terms.

Peronism and Kirchner’s popularity have suffered in recent years. She served as vice president in 2019 under President Alberto Fernández, whose government oversaw a slide into economic crisis by overprinting pesos that led to sharp spike in inflation.

But she has still been able to maintain a hardcore support base, particularly from working-class voters who relied on government subsidies under her and her husband’s governments.

“As a figure she’s not been overshadowed on the political scene by anyone,” said Carolina Barry, an expert on Peronism at the Universidad Nacional de Tres de Febrero in Buenos Aires. “Her words resonate with many groups.”

Kirchner has been sharply critical of Milei’s austerity, accusing him of cutting pensions and defunding public education. Milei has shot back that he would “love to bang the last nail in the coffin of Kirchnerismo, with Cristina Kirchner inside.”

“Justice,” wrote Milei on X after the verdict on Tuesday.

Alejandro Carrió, a constitutional and criminal law expert in Buenos Aires, said that even if Kirchner serves the sentence under house arrest, it was unclear “if with time she’ll lose the clear leadership she’s held for years.”

Kirchner faces charges in several other criminal cases and is scheduled to stand trial in November on accusations that she led a large-scale bribery scheme.

She’s not the first Argentine president to face a criminal conviction, joining, among others, former President Carlos Menem, who was sentenced to over four years in prison for embezzlement of public funds during his presidency in the 1990s. As a senator, congressional immunity protected him from prison.

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Hundreds of masked rioters attacked police and set homes and cars on fire in the Northern Irish town of Ballymena on Tuesday in the second successive night of disorder that followed a protest over an alleged sexual assault in the town.

Police said they were dealing with “serious disorder” in the town, which is about 45 km (30 miles) from the capital Belfast, and urged people to avoid the area.

Officers in riot gear and driving armoured vans responded with water cannon and plastic baton rounds after being attacked by petrol bombs, scaffolding and rocks that rioters gathered by knocking down nearby walls, a Reuters witness said.

One house was burned out and a police officer vomited after leaving another in a different part of the town that rioters had attempted to set alight, the witness added.

A number of cars were set on fire and one lay upside down in flames as police sirens blared throughout the town past midnight.

Four houses were damaged by fire and windows and doors were smashed in other homes and businesses in the first night of rioting on Monday, in what police said they are investigating as racially-motivated hate attacks.

Hundreds of protesters had gathered in Ballymena earlier on Monday in response to a case involving two teenage boys who appeared in court that day, accused of sexually assaulting a teenage girl in the County Antrim town.

Local media reported that the charges were read to the teenagers via an interpreter.

Fifteen police officers were injured on Monday, with some requiring hospital treatment.

Separate protests on Tuesday had earlier blocked off some roads in Belfast, another Reuters witness said, but no unrest was reported in other parts of the British-run region.

The British government and local politicians condemned the violence.

“The terrible scenes of civil disorder we have witnessed in Ballymena again this evening have no place in Northern Ireland,” Britain’s Northern Ireland Minister Hilary Been said on X.

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In the heat of the Jamaican sun, where the wetlands glisten and buzz with life, an ancient predator is vanishing.

There are around 28 species of crocodiles found throughout the world’s tropical and subtropical regions. But there is only one species in Jamaica, found primarily along the southern coast from St. Thomas to Westmoreland.

Once revered and feared across the island, the American crocodile (Crocodylus acutus) has long ruled the mangroves and coastal lagoons.

But in recent years, its population has been decimated, due to illegal hunting, habitat loss and plastic pollution, as well as killings prompted by a lingering fear among locals.

Lawrence Henriques has made it his life’s mission to change that.

Known as “The Crocodile Guardian,” Henriques has spent the past four decades fighting for their survival.

He runs the Holland Bay Crocodile Sanctuary, a grassroots conservation project in the southeast of the island, perched on the edge of what he says is one of Jamaica’s last viable crocodile habitats.

From this remote corner of the island, he’s trying to undo years of damage: nursing sick crocs back to health, raising juveniles and restoring their numbers in the wild.

“There’s a real fear of crocodiles in Jamaica,” says Henriques. “They’re not tolerated by a lot of people. So if one turns up in someone’s backyard, it’s often killed for meat or just because people are afraid.”

Although crocodiles are often seen as aggressive and dangerous, attacks are few and far between. While reliable figures are hard to come by, according to the global database CrocAttack, there have been 11 incidents reported over the past decade in Jamaica, including one fatality in 2018.

That’s why Henriques is working to change the narrative about the animal and help people understand that they are far less threatening than their reputation suggests.

Born and raised in the Jamaican capital, Kingston, during the 1960s, Henriques always had a penchant for “creepy crawlies,” such as spiders, scorpions and snakes.

But it was crocodiles that truly captured his attention.

“We had a lot more crocodiles and a lot more habitat in those days,” he recalls. “I always had a half a dozen or so baby crocodiles rearing in my bedroom.”

That fascination eventually became a vocation. After studying overseas and learning more about reptiles when working with the Scientific Exploration Society, a UK charity, in Belize, Henriques returned to Jamaica in 1980. He was startled to find that despite crocodiles being classified as endangered in 1971 under the Wildlife Protection Act, there was little practical conservation happening.

“The laws were there, but nobody was doing anything,” he says. “The environmental agency was very under-resourced and still is to this day. And there was nobody really with expertise or knowledge on reptiles.”

A sanctuary on the edge

Henriques volunteered to assist the Jamaican government, carrying out crocodile rescues and providing rehabilitation, all while holding down a job in the citrus industry.

He continued like this for almost 20 years, before a brief relocation to London, UK. When he returned to Jamaica in 2010, he launched what would become the Holland Bay Crocodile Sanctuary — a facility dedicated to rescue, rehabilitation and public education.

The sanctuary, which lies on the edge of a wetland, is home to 27 adult crocodiles along with 18 baby crocs. The juvenile crocs have been bred on site and are typically released into the wild after three years, while the adults have been rescued and rehabilitated after being hit by cars, caught in traps, or found living in squalid conditions. Over the past three years, around 90 have been successfully released back into the wild according to Henriques.

One of the crocodiles living at the sanctuary currently is Xena, who was discovered guarding her eggs in an area littered with trash, her skin slimy and her teeth gray from pollution.

Savannah Boan, an international ambassador from Gatorland Global, the conservation arm of the Florida-based wildlife park which helps to fund the sanctuary, says that since being relocated, Xena’s skin has healed and her teeth are white again. Her babies have also been raised at the facility and released into safe areas, helping to boost wild populations of the species.

Black market

Despite legal protections, crocodiles in Jamaica face growing threats. Poaching is rampant, often driven by demand for meat or misguided fear, according to officers from the country’s National Environment and Planning Agency (NEPA).

“Poaching is definitely a huge problem,” says Leighton Mamdeen, an environmental officer at NEPA. “We try to limit it through enforcement measures such as regular monitoring and we partner with the Jamaica Constabulary Force and the Jamaica Defence Force to do patrols.”

According to media reports, there is a thriving black market for crocodile meat and eggs in Jamaica, with the meat sold for as much as 5,000 Jamaican dollars ($31) a pound (450 grams) – more than 10 times the price of chicken meat.

This could stem from a widespread misconception in some rural communities that crocodile meat has aphrodisiac properties.

Damany Calder, another environmental officer at NEPA, says he has noticed a troubling pattern during callouts, when crocodiles are discovered with their tails removed.

“There’s a rumour about the crocodile tail… it’s (used) either for sexual performance, fertility or longevity,” he says.

In other cases, crocodiles have been found in backyard ponds, kept as pets, or used as props for TikTok stunts or music videos. There was even a time when a small live crocodile was found stuffed in a broken fridge, says Calder. He believes it may have been part of a ritual referred to as Obeah, a Jamaican religious tradition similar to voodoo.

Social media videos have occasionally resulted in prosecutions but only if culprits are caught in the act, Calder says. Individuals found guilty of killing crocodiles may be charged a maximum fine of $100,000 or face one-year imprisonment.

“The police are heavily involved, and they’re trying to improve the penalties,” says Henriques.

“But like everything else, it’s catching the person and proving it in court. It’s a very long, drawn-out process.”

Habitat erased

Development is another killer.

Jamaica’s mangroves and wetlands are currently being cleared for tourism and residential development according to The Forestry Department. This affects the country’s coastal resilience, as mangroves reduce wave energy and storm surges, helping to prevent flooding, and it damages biodiversity, as they are serve as nurseries for fish and provide essential habitat for species like crocodiles.

As this territory shrinks, crocodiles are forced closer to humans.

“These animals are ending up in places they’ve always lived,” Henriques says. “But now those places are towns and roads … We’ve taken their habitat.”

To Henriques, the crocodile isn’t a menace — it’s a keystone species that has been on the island for millions of years. It even features on the Jamaican coat of arms, which shows a crocodile perched atop a royal helmet and mantling, designed to symbolize the island’s unique wildlife and natural heritage.

“They’re like engineers of the ecosystem,” he says. “They dig channels, control fish populations and keep the wetlands healthy.”

He explains that the presence of these apex predators helps to regulate biodiversity within aquatic ecosystems by controlling prey populations and creating microhabitats that support various flora and fauna.

But Henriques warns that because of poaching and habitat loss, the island no longer has many large male crocodiles left along the coastline: “Most now are smaller. It’s a serious shift.”

“What’s happening in Jamaica reflects a global pattern — wetland species are disappearing, and with them, the health of the entire ecosystem,” he adds.

Changing minds, one school at a time

Despite the challenges, there’s a cautious sense of hope.

Henriques and NEPA have ramped up community outreach and education programs, especially in areas near crocodile habitats.

“One of the most impactful things we’ve done is visit schools,” says Mamdeen. “If you start with the kids, you’ll have a greater chance of securing the animal’s future.”

When reports of a crocodile in a pool of water near a school caused panic among parents and children, NEPA directed its outreach efforts toward local students.

“We told them: crocodiles would rather run (from you) than rush (towards) you,” he says. “If you’re near water at night, walk with a stick. If the animal is touched, it moves.”

Henriques added: “People are beginning to understand these animals have a place … They’re not pests. They’re survivors.”

Still, the sanctuary is one of only a few conservation efforts on the island, and without continued support, Henriques fears Jamaica’s crocodiles may not survive the next few decades.

“We can’t afford to lose them,” he says. “They’ve been here longer than we have. They’re part of this land.”

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Procter & Gamble will cut 7,000 jobs, or roughly 15% of its non-manufacturing workforce, as part of a two-year restructuring program.

The layoffs by the consumer goods giant come as President Donald Trump’s tariffs have led a range of companies to hike prices to offset higher costs. The trade tensions have raised concerns about the broader health of the U.S. economy and job market.

P&G CFO Andre Schulten announced the job cuts during a presentation at the Deutsche Bank Consumer Conference on Thursday morning. The company employs 108,000 people worldwide, as of June 30, according to regulatory filings.

P&G faces slowing growth in the U.S., the company’s largest market. In its fiscal third quarter, North American organic sales rose just 1%.

Trump’s tariffs have presented another challenge for P&G, which has said that it plans to raise prices in the next fiscal year, which starts in July. The company expects a 3 cent to 4 cent per share drag on its fiscal fourth-quarter earnings from levies, based on current rates, Schulten said. Looking ahead to fiscal 2026, P&G is projecting a headwind from tariffs of $600 million before taxes.

P&G, which owns Pampers, Tide and Swiffer, is planning a broader effort to reevaluate its portfolio, restructure its supply chain and slim down its corporate organization. Schulten said investors can expect more details, like specific brand and market exits, on the company’s fiscal fourth-quarter earnings call in July.

P&G is projecting that it will incur non-core costs of $1 billion to $1.6 billion before taxes due to the reorganization.

“This restructuring program is an important step toward ensuring our ability to deliver our long-term algorithm over the coming two to three years,” Schulten said. “It does not, however, remove the near-term challenges that we currently face.”

P&G follows other major U.S. employers, including Microsoft and Starbucks, in carrying out significant layoffs this year. As Trump’s tariffs take hold, investors are watching Friday’s nonfarm payrolls report for May for signs of whether the job market has started to slow. While the government reading for April was better than expected, a separate reading this week from ADP showed private sector hiring was weak in May.

Shares of P&G fell more than 1% in morning trading on the news. The stock has fallen 2% so far this year, outstripped by the S&P 500′s gains of more than 1%. P&G has a market cap of $407 billion.

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LONDON — Wherever Nvidia CEO Jensen Huang goes, excitement follows — this time, all the way to London Tech Week.

The Nvidia boss — whom Wedbush analyst Daniel Ives dubs the “godfather of AI” — is more like a rockstar these days, given his wide-spanning effect on the AI industry.

“The amount of infrastructure required for AI wouldn’t be possible without that man,” one attendee at London Tech Week said.

“He’s like Iron Man,” the attendee added, referencing the popular Marvel superhero who is a tech billionaire inventor under the name of Tony Stark.

The lines to get into the Olympia auditorium were already building around 40 minutes before Jensen was set to take the stage alongside U.K. Prime Minister Keir Starmer. Not everyone managed to get in — but there were helpfully screens around the venue where people could catch a glimpse of Huang’s talk.

The Nvidia CEO gave his continued bullish assessment of artificial intelligence, calling it an “incredible technology” and saying it should be seen as infrastructure, just like electricity.

There weren’t any multi-billion-dollar investments touted at London Tech Week. But the biggest win for Starmer and the U.K. by far was Huang’s lavish praise for the country.

Wearing his trademark leather jacket, Huang called the U.K. the “envy of the world” that is in the midst of a “Goldilocks circumstance,” boasting a vibrant venture capital ecosystem, as well as budding AI entrepreneurs from leading firms including Google DeepMind, Synthesia, Wayve and ElevenLabs.

Speaking alongside Huang, Starmer spoke in an animated manner as he touted Nvidia’s investments in the U.K. Earlier in the day, the U.S. chipmaker announced a new “U.K. sovereign AI industry forum,” as well as commitments from cloud vendors Nscale and Nebius to deploy new facilities containing thousands of its Blackwell GPU chips.

Starmer spoke at length about AI’s promise and the ways in which it could ease the burdens faced by the U.K.’s public sector institutions, from hospitals to schools.

Huang added that the U.K. is “such a great place to invest,” noting that Nvidia plans to partner with the country to upskill tech workers and build out domestic AI infrastructure.

“Infrastructure enables more research — more research, more breakthroughs, more companies,” the Nvidia chief said. “That flywheel will start taking off. It’s already quite large, but we’re just going to get that flywheel going.”

Starmer thanked Huang for his point, commenting that “the confidence it gives when you explain it that way is huge.”

“From our point of view, we’re really pleased to be seen that way,” the U.K. leader said.

The pair shook hands at the end.

Altogether, there was a lot of energy in the room. Huang said he was “excited” for London Tech Week, and he was met with a round of applause from the audience.

Huang has become the CEO everyone wants to be seen with. Nvidia has positioned itself as central to the AI revolution, which many commentators say is in the early innings.

Nvidia wants that revolution to be built on its chips. And for countries like the U.K., these moments provide a chance for the country to tout its investment potential and for its leader to publicly share a stage with the man seen as powering the AI push.

London was Huang’s first stop in a broader European tour.

The Nvidia boss will travel to Paris later this week, where the chipmaker will host its GTC conference. Politicians including President Emmanuel Macron, who has driven France’s ambition to become a European AI hub, will also likely want some face time with Huang.

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