June 5Th International Financial Media Headlines

The following are the headlines of global media in June 5th.

　　 New York Times: General Company plans to establish technology Vc firm

General Motors (GM) said on Friday that it will spend $100 million to build its own Vc firm in search of new technologies for its leading competitors. The subsidiary is named "general venture capital", and plans to invest in technology start-ups in many fields, including renewable energy industry, information industry, entertainment system industry and new material industry. General Company spokesman Semyon Childers Albert (Sherrie Childers-Arb) said that General Company has identified some potential targets and is expected to announce its first investment soon.

　　 Washington Post: there are worries about the increase in employment in the US in May

According to a report released by relevant US Department on Friday, private employers sharply cut their employment creation rate in May, raising questions about at least one area of the US economic recovery. On the face of it, the report is good news. In May, the United States increased employment by 431 thousand people, the best month since March 2000, and the unemployment rate dropped from 9.9% to 9.7%. But the vast majority of job creation opportunities come from the recruitment of 10 years' census. The number of private employment increased by only 41000, far below the 218000 in April and the expected 180000.

　　 USA Today: McDonald's Corp recalled 12 million cadmium Shrew "Shrek" glasses.

The McDonald's Corp is recalling 12 million glasses, because the patterns on these cups contain toxic cadmium. These cups made in the United States are sold for the promotion of the new "Shrek" movie. The US Consumer Product Safety Commission announced the voluntary recall on Friday and warned consumers to stop using it immediately. McDonald's Corp said it would issue a refund on its website next week.

　　 Guardian: G20 summit will not quickly launch anti speculation plan

Contrary to expectations, the leaders of the group of 20 will not take tough measures against speculation before the deadline of 2012. Leaders of Germany, Japan and Japan believe that requiring financial institutions to store more funds to cope with possible future crises will shrink financial institutions and individuals, making the global economy face two risks.

　 The times: Hungarian economy is beset by the fall of the euro.

Yesterday, Hungary announced that its economic situation is in crisis. Investors are worried that the European debt crisis will deteriorate further. The euro has reached a new low of 4 years against the dollar. The unemployment figures in the US are not as good as expected. Rumors that the Societe Generale Bank suffered trade losses has greatly Frustrated European and American stock markets, with an average drop of 1.6-3.8%. The euro has dropped to below $1.20 for the first time since March 2006.

　 Financial Times: the EU allows the ban on GM crops.

The European Commission will propose that EU member states have the right to ban the termination of genetically modified crops in order to stop the region's dispute over such crops. The draft proposal will be formally submitted by the EU health and consumer policy committee next month, and many biological industry organizations and organizations with Antigenetic products participated in the drafting of the proposal.

　　 India times: in June, India and Kaine obtained the crude oil supply from the company.

Since the India government approved private refiners to obtain permits from Kaine's crude oil in the Las jasbond area, and discovered the largest proven oil reserves in twenty years in the region, the India oil company and the lares group started the crude oil transportation work from the end of May, and are expected to get oil through the hot oil pipeline around June 15th.

　　 Japan Times: the new chairman of the Japan Automobile Manufacturers Association hopes to revitalize the auto industry through tax cuts and technology.

On Friday, Toshiyuki Shiga, the new chairman of the Japan Automobile Manufacturers Association, said in an interview that the association hopes that the new management will take effective actions to support Japan's first-class technology of vehicle emission reduction and cut down taxes and fees related to it so as to promote the Japanese automobile industry to have strong competitiveness in the international market. Shika Toshino,