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☆ The US stock market rally is unsustainable, but making these 20 international investments can lead to long-term profits, according to 3 fund managers with over $43 billion in combined assets
▼ + stars: | 2023-06-30 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

International stocks have underperformed for over a decade, while US growth names took off. However, foreign companies have attractive relative valuations and earnings growth. Why foreign stocks are more than just a good dealAnyone bullish on international stocks will almost always point to their valuations relative to US companies. Investors can get downside protection in this uncertain environment by buying international stocks that are high quality and can generate their own growth, Deladerriere said. And in addition to their rising earnings growth, the fund manager noted that the two pay sizable dividends.

Persons: they've, Nick Paul, Paul, Steve Gorham, who's, Gorham, Wes Crill, Crill, isn't, Alexis Deladerriere, Deladerriere, there's, Goldman, haven't, He's, it's Organizations: MFS Investment Management, Value, Vanguard, Index, Yahoo Finance, Dimensional Fund Advisors, Fund, Goldman Sachs International Equity Income, Goldman, Asset Management, Goldman Sachs, Management, HSBC, BNP, Schneider, MFS, Hitachi Locations: Europe, Asia, BlackRock, weightings, Gorham, Japan, London, Paris, Spanish, Ukraine, France, Australia, Taiwan

☆ How Migrants Flown to Martha’s Vineyard Came to Call It Home
▼ + stars: | 2023-06-28 | by ( Edgar Sandoval | Matt Cosby | ) www.nytimes.com time to read: 1 min

On a sprawling Martha’s Vineyard estate not far from the seashore, Deici Cauro adjusted a baseball cap to keep the burning sun at bay. She was crouching to pull weeds with her bare hands when a familiar voice called out from the other side of the yard. “Pots!” her employer called, and she motioned for Ms. Cauro to follow her to another garden nearby. “¿Vamos?” Ms. Cauro replied in Spanish, wondering if they had decided to move. “Sí, vamos, I guess, whatever that means,” her boss replied, prompting both women to share a hearty laugh.

Persons: Cauro, “ Locations: Venezuela, Cape Cod

☆ Artist Salvatore Del Deo has lived in a Cape Cod dune shack for nearly 80 years. Now at 94-year-old, he faces eviction
▼ + stars: | 2023-06-27 | by ( Eli Masket | ) edition.cnn.com time to read: +8 min

CNN —Salvatore Del Deo is a 94-year-old artist and Korean War Veteran who has made a dune shack in Provincetown, Massachusetts, his part-time home for the past 77 years. Salvatore received an eviction notice from the National Park Service in March. Frenchie's Shack Tatianna Del DeoThe eviction notice came as a shock to the Del Deo family, said Romolo Del Deo, Salvatore’s son. Dune shacks for leaseThe eviction notice came shortly before the National Park Service announced a leasing program for eight other dune shacks. The transfer of the property to the Del Deo family has not been acknowledged by the park service, Romolo said.

Persons: CNN — Salvatore Del Deo, ”, Del Deo’s, Salvatore, Jeanne “ Frenchie ” Chanel, “ Mr, Del Deo, Romolo Del Deo, Salvatore’s, “, ” Romolo, Chanel, Romolo, Ciro, Sal’s, Michela Murphy, Del Deos, Murphy, –, d’état, Frenchie Chanel, Josephine, Del, ” Murphy, “ It’s, Bill Keating, Massachusetts Sen, Edward Markey, Sen, Elizabeth Warren, Salvatore Del Deo, Del Deo Murphy, “ Nobody’s, we’re Organizations: CNN, Korean War Veteran, National Park Service, Mr, Cape, National, Service, Seashore, Provincetown Locations: Provincetown , Massachusetts, Provincetown, Cape, Korea, Massachusetts, Frenchie’s Shack

☆ ‘Kizazi Moto: Generation Fire’ brings Afro-futurism to Disney+
▼ + stars: | 2023-06-27 | by ( Flo Cornall | ) edition.cnn.com time to read: +5 min

It’s not only the episodes making leaps and bounds into the future – there’s also a new generation of African filmmakers who are taking to the small screen. Fourteen up-and-coming directors are at the helm of the anthology, hailing from Zimbabwe, Uganda, South Africa, Nigeria, Kenya, and Egypt. “There was a real coalescing of talent, and it felt like the time was right for this particular set of voices to be unleashed on the world.”A year later he was contacted by Triggerfish, the driving force behind “Kizazi Moto: Generation Fire,” about its anthology idea which had Disney+ support. At some point you forget that we are all one tribe.”Mogajane views all the shorts in “Kizazi Moto: Generation Fire” as fundamentally human stories that spark an important conversation. “Kizazi Moto: Generation Fire” will premiere on Disney+ on July 5, 2023.

Persons: It’s, there’s, Peter Ramsey, ”, Nyeke, Anthony Silverston, “, ” Ramsey, Ramsey, Triggerfish, “ Kizazi, Lesego Vorster, Sundiata, Lesego, Nonzi Bogatsu, Terence Maluleke, Isaac Mogajane, ” Mogajane, Moto ’ Organizations: CNN, Cape Town Animation, Disney, South, “ Locations: Zimbabwe, Uganda, South Africa, Nigeria, Kenya, Egypt, Cape Town, Africa, America, Europe, South, Soweto, Johannesburg, Mati

☆ U.S. Coast Guard will lead investigation of Titan implosion with help from Canada, France, UK
▼ + stars: | 2023-06-25 | by ( ) www.cnbc.com time to read: +7 min

The convening of a Marine Board of Investigation is the highest level of investigation conducted by the U.S. Coast Guard, Neubauer said. Investigators are working closely with other national and international investigative authorities, including the U.S. National Transportation Safety Board, the Transportation Safety Board of Canada, the French marine casualties investigation board and the United Kingdom Marine Accident Investigation Branch, Neubauer added. The Coast Guard board can make recommendations to prosecutors to pursue civil or criminal sanctions as necessary. The Coast Guard led the initial search and rescue mission, a massive international effort that likely cost millions of dollars. "The Coast Guard doesn't charge for search and rescue nor do we associate a cost with human life," said Rear Adm. John Mauger, of the Coast Guard First District.

Persons: Jason Neubauer, Neubauer, Kathy Fox, Fox, John Mauger, Shahzada Dawood, Suleman Dawood, Hamish Harding, Paul, Henri Nargeolet Organizations: . Coast Guard, Coast Guard Air Station Elizabeth, Coast Guard Air Station Elizabeth City , North Carolina, HC, U.S . Coast Guard, Titan, Marine Board, Investigation, U.S . National Transportation Safety Board, Transportation, Board of Canada, United Kingdom Marine, Coast Guard, U.S . Navy, Navy, Associated Press, Board, Canada, Authorities, Canadian Transportation, Royal Canadian Mounted Police, OceanGate Expeditions, U.S, Stockton Rush, Rescuers Locations: Coast Guard Air Station Elizabeth City , North, Cape Cod, U.S, St, John's, Newfoundland, Atlantic, Prince, Canada, Canadian, Bahamas, Everett , Washington, England, Pakistan, France, British

☆ Timeline of the Titanic sub implosion and search
▼ + stars: | 2023-06-24 | by ( Ray Sanchez | ) edition.cnn.com time to read: +10 min

These were the unsettling days since the Titanic submersible’s demise:Sunday, June 18: ‘Discover something truly extraordinary’This image shows the start of the RMS Titanic Expedition Mission 5 on June 18, 2023. Monday, June 19: A race against timeUS Coast Guard Rear Adm. John Mauger, commander of the First Coast Guard District, speaks to the media, Monday, June 19, 2023, in Boston. US and Canadian coast guard crews scoured the ocean’s surface and used sonar to listen for sounds far below the water. Wednesday, June 21: A ‘search-and-rescue mission, 100%’Canadian P-3 aircraft detected underwater noises in the search area, according to the US Coast Guard. It was unclear whether the noises heard Tuesday night and Wednesday morning were from the missing submersible, according to Frederick.

Persons: Hamish Harding, ”, Harding, “, John Mauger, Shahzada Dawood, Suleman Dawood, Paul, Henri Nargeolet, Steven Senne, Mauger, Rory Golden, Crews, Jamie Frederick, ” Mathieu Johann, Nargeolet, Frederick, ” Frederick, David Marquet, Stockton, ” OceanGate, ” Mauger, Paul Hankins, Jordan Pettitt, Aileen Maria Marty, Tom Dettweiler Organizations: CNN, Titanic Expedition, US Coast Guard, Atlantic, Stockton Rush, Getty, Daylight, Maritime Horizon Services, US, Guard, First Coast Guard District, Facebook, OceanGate Expeditions, Sonar, Twitter, Canadian Armed Forces, New York Air National Guard, Salvage Operations, Ocean Engineering, US Navy, Navy, Naval, Florida International University, “ Locations: British, Newfoundland, St, John’s, Canada, Cape Cod , Massachusetts, Eastern, Boston, Canadian, Cape Cod, Connecticut, France, St John's

☆ A notorious market bear who called the 2000 and 2008 crashes says stocks are set to suffer 'profound' losses as valuations remain at historic extremes — and dismisses the current rally as a 'narrow an
▼ + stars: | 2023-06-24 | by ( William Edwards | ) www.businessinsider.com time to read: +8 min

It also doesn't offer a fair characterization of the entire S&P 500's performance. Hussman's preferred valuation measure is total market cap of non-financial stocks to total revenue of non-financial stocks. According to Bank of America, 80% of the S&P 500's returns over a 10-year period can be attributed to valuations. The red line in the chart below shows the gauge, while the blue is the S&P 500's price action. Predicted in April 2007 that the S&P 500 could lose 40%, then it lost 55% in the subsequent collapse from 2007 to 2009.

Persons: John Hussman, Hussman, hasn't, Morgan Stanley, Mike Wilson, David Rosenberg, Solita, 18.5x, it's, Jeremy Grantham, Jeremy Siegel, Siegel, Michael Kantrowitz, Piper Sandler, Piper Sandler Kantrowitz Organizations: Hussman Investment Trust, Bank of America, Rosenberg Research, UBS, University of Pennsylvania, Housing

He told reporters on Thursday the debris was consistent with "a catastrophic implosion of the vehicle." British Titanic explorer Dik Barton paid tribute to the work of his friend Nargeolet but noted issues raised with the design and maintenance of the craft. "Everyone's wise after the event, but as we're hearing before, unfortunately there were many red flags flying here," he said. He said sonar buoys used in the water for more than three days had not detected an implosion. The Titanic sank after hitting an iceberg on its first voyage, killing more than 1,500 people aboard.

Persons: moviemaker Cameron, John Mauger, Hamish Harding, Shahzada Dawood, Suleman, Paul, Henri Nargeolet, OceanGate, Dawood, Shahzada, Suleman Dawood, Dik Barton, Nargeolet, OceanGate's, Guard's Mauger, Moviemaker James Cameron, we've, Cameron, Stefan Williams, Michael Guillen, Joseph Ax, Steve Gorman, Charlotte Greefield, Edmund Blair, Andrew Cawthorne Organizations: Titan, U.S . Coast Guard, Stockton Rush, OceanGate Expeditions, British Asian Trust, University of Strathclyde, U.S . Navy, Navy, Wall Street, British, Reuters, University of Sydney, Thomson Locations: North Atlantic, North, U.S, Scotland, British, Greece, Canada, France, Britain, submersibles, Cape Cod , Massachusetts, St, John's, Newfoundland

The minivan-sized submersible Titan, operated by U.S.-based OceanGate Expeditions, began its descent at 8 a.m. (1200 GMT) on Sunday. The Titan set off with 96 hours of air, according to the company, meaning its oxygen tanks would likely be depleted some time on Thursday morning. "When you're in the middle of a search-and-rescue case, you always have hope," Coast Guard Captain Jamie Frederick said at a press conference on Wednesday. Titanic expert Tim Maltin said it would be "almost impossible to effect a sub-to-sub rescue" on the seabed. The robot could also help hook the sub to a surface ship capable of lifting it, the operator said.

Persons: Jamie Frederick, Frederick, Atalante, Victor, Hamish Harding, Shahzada Dawood, Suleman, Paul, Henri Nargeolet, Sean Leet, Leet, Tim Maltin, OceanGate's, Steve Gorman, Joseph Ax, Tim McLaughlin, Rami Ayyub, Tyler Clifford, Louise Dalmasso, Daniel Trotta, Brad Brooks, Ariba Shahid, Paul Thomasch, Nick Zieminski, Sandra Maler, Raju Gopalakrishnan Organizations: Co, U.S, Expeditions, Atlantic, U.S . Coast Guard, Coast Guard, Guard, U.S . Navy, Stockton Rush, Horizon Maritime Services, Thomson Locations: Canada, France, U.S, Cape Cod , Massachusetts, St, John's, Newfoundland, French

☆ Rescuers make last desperate push as final hours of oxygen on missing Titanic submersible tick down
▼ + stars: | 2023-06-22 | by ( ) www.cnbc.com time to read: +7 min

An undated photo shows tourist submersible belongs to OceanGate begins to descent at a sea. But the crew had only a four-day oxygen supply when the vessel, called the Titan, set off around 6 a.m. Sunday. The full area being searched was twice the size of Connecticut in waters as deep as 13,200 feet (4,020 meters). "This is a search and rescue mission, 100%," he said Wednesday. An undated photo shows tourist submersible belongs to OceanGate begins to descent at a sea.

Persons: OceanGate, Captain Jamie Frederick, Donald Murphy, Frederick, Carl Hartsfield, Frank Owen, Owen, Arthur Loibl, Capt, Jamie Frederick, Scott Eisen, Rush, Jeff Karson, Karson Organizations: US Coast Guard, OceanGate, Anadolu Agency, Getty, First Coast Guard District, Coast, Patrol, Navy, Oceanographic Systems Laboratory, U.S . Navy, Stockton Rush, OceanGate Expeditions, U.S, U.S . Coast Guard, CBC, Syracuse University Locations: Boston, Canada, Connecticut, Atlantic, U.S, British, St, John's, Norfolk , Virginia, Germany, Cape Cod, Boston , Massachusetts

☆ See How Deep the Missing Titan Submersible and Wreck of the Titanic Are
▼ + stars: | 2023-06-21 | by ( Adrienne Tong | Stephanie Stamm | ) www.wsj.com time to read: 1 min

Rescue efforts continue in the search for a missing submersible, known as the Titan, carrying five people who disappeared days earlier on a mission to see the remains of the Titanic shipwreck. The wreckage is about 13,000 feet beneath the surface in the North Atlantic, just over 900 miles off the coast of Cape Cod.

Locations: Cape Cod

In the video, a Central African Republic rebel fighter says "the French want to drive Wagner out of Africa". Russia and Wagner have a track record of media manipulation and disinformation, which Wagner founder Yevgeny Prigozhin has admitted to. The European Union sanctioned Wagner in February for alleged rights abuses and spreading disinformation, including in Africa. The foreign ministry unit doesn’t promote or generate fake news, the two diplomats said. However, the foreign ministry unit, and the broader strategy, will face an uphill battle to convince people in Africa that France has changed, seven analysts and diplomats said.

Persons: Ibrahim Traore, Vincent Bado, Wagner, Catherine Colonna, Yevgeny Prigozhin, Emmanuel Macron, Macron, Maria Zakharova, Meta, Anne, Sophie Ave, Lakhta, Prigozhin, Viginum, Faustin, Archange Touadera, “, Michael Shurkin, I'm, Jean Gaspard Ntoutoume Ayi, John Irish, Elizabeth Pineau, Bate Felix, Michel Rose, Frank Jack Daniel Our Organizations: REUTERS, Russia, Central, Facebook, Kremlin, Reuters, Quai D'Orsay, Vigilance, Protection, European Union, West, Central African, Twitter, Democratic, Internet Research Agency, Meta, Global, National Union, Gabonese, Thomson Locations: Burkina, French, Ouagadougou, Burkina Faso, Russia, PARIS, DAKAR, Central African Republic, France, Russian, Africa, Paris, France's, Ukraine, Moscow, Central, West Africa, Quai, Kinshasa, Mali, Sahel, Europe, Democratic Republic of the Congo, DRC, U.S, Togo, Libreville, Senegal, Ivory Coast, Dakar

☆ Titan submersible: Search crews heard banging sounds while scouring the Atlantic for manned craft now running out of oxygen
▼ + stars: | 2023-06-21 | by ( Nouran Salahieh Ray Sanchez Priscilla Alvarez | Nouran Salahieh | Ray Sanchez | ) edition.cnn.com time to read: +17 min

The banging on Tuesday first came every 30 minutes and was heard again four hours later, according to an internal government memo update on the search. The search for the missing submersible Titan has broadened to an area about two times the size of Connecticut. It was unclear when exactly the banging was heard Tuesday or how long it lasted, based on the memo. We have to keep working until we find the submersible,” Joyce Murray, minister of Fisheries, Oceans and the Canadian Coast Guard, told reporters Wednesday. If the submersible is intact, the passengers would be dealing with dwindling oxygen levels and fighting cold, he told CNN.

Persons: Jamie Frederick, ”, Frederick, Stone, ” Joyce Murray, “, Ray Scott “ Chip ” McCord, ” Scott, David Hiscock, we’ve, John Mauger, ” Carl Hartsfield, John Cabot –, Hamish Harding, Shahzada Dawood, Sulaiman Dawood, Paul, Henri Nargeolet, ” David Gallo, John’s, Gallo, ” Gallo, Joe MacInnis, who’s, Frederick didn’t, Mauger, David Lochridge, Lochridge, OceanGate, Oceangate, ” OceanGate, Suleman Dawood, Stockton Rush, J, Van Gurley, Gabe Cohen, ” Cohen, Aaron Newman, ” John “ Danny ” Olivas, ” Olivas, CNN’s Victor Blackwell Organizations: CNN, US Coast Guard, Coast Guard, Fisheries, Canadian Coast Guard, OceanGate Expeditions, Canadian Armed Forces, New York Air National Guard, U.S . Air Force, “ CBS, Naval, Oceanographic Systems Laboratory, USCG, National Oceanic, Atmospheric Administration, NOAA, Stockton Rush, Strategic Initiatives, Daylight, Horizon Services, US Navy, Facebook, OceanGate, Titan, Manned, Vehicles, Marine Technology Society, New York Times, Times, Stockton, Polar Prince, Navy, KOMO, CBS Locations: Connecticut, Canadian, Everest, NewfoundlandSaturday, Cape Cod , Massachusetts, OceanGate, Rush, Titan

What lies at the bottom of the oceanWhile what’s considered the deep ocean extends from 3,280 feet to 19,685 feet (1,000 meters to 6,000 meters) beneath the surface, deep-sea trenches can plunge to 36,000 feet (11,000 meters), according to the Woods Hole Oceanographic Institution in Massachusetts. Alessandro Mancini/Alamy Stock PhotoWhy mapping the ocean is so challengingFrom a strictly scientific perspective, touristic trips to the ocean floor do little to advance our understanding of the ocean’s mysteries. “We want to go to the highest, the lowest, the longest.”But only a “very small percentage of the deep ocean, and even the middle ocean, has been seen by human eyes — an infinitesimal amount. “However, 150 years of modern oceanography have led to better understanding of many aspects of the ocean such as the life it contains, its chemistry and its role in the Earth system.”Mapping the ocean “helps us to understand how the shape of the seafloor affects ocean currents, and where marine life occurs,” Rogers added. Researchers say the ocean and the life it contains could provide answers to some of medicine’s biggest challenges, such as antibiotic drug resistance.

Persons: ”, Gene Feldman, Jamie Pringle, Pringle, Cornelis Drebbel, Auguste Piccard, Feldman, ” Feldman, Jacques Piccard, Don Walsh, what’s, “, Robert Ballard, Alvin, Ballard, Alessandro Mancini, Alamy, Alex Rogers, ” Rogers Organizations: CNN, National Oceanic, Atmospheric Administration, Oceanographic, NASA, OceanGate Expeditions, England’s Keele University, bathyscaphe, Keystone, Hulton, NOAA, Bluegreen, Sea Ventures, of Ocean Exploration, Research, University of Oxford Locations: Cape Cod , Massachusetts, Washington, Dutch, Trieste, bathyscaphe Trieste, Italy, Massachusetts, Japan, United Kingdom

[1/2] The Titan submersible, operated by OceanGate Expeditions to explore the wreckage of the sunken Titanic off the coast of Newfoundland, dives in an undated photograph. Robotic undersea search operations were diverted to the area where the sounds seemed to originate, but there was still no tangible sign of the missing vessel, the Coast Guard said on Twitter. ROBOTIC SEARCH REDIRECTEDThe search effort included Lockheed P-3 Orion turboprop airplanes designed with sub-surface surveillance gear to detect submarines, Frederick said. The Coast Guard did not detail the nature or extent of the sounds. Titanic expert Tim Matlin said it would be "almost impossible to effect a sub-to-sub rescue" on the seabed.

Persons: Jamie Frederick, Hamish Harding, Shahzada Dawood, Suleman, Paul, Henri Nargeolet, Frederick said, Canada's, Stone, Alistair Greig, Tim Matlin, Steve Gorman, Joseph Ax, Brendan O'Brien, Natalie Thomas, Aiden Nulty, Kanishka Singh, Ismail Shakil, Steve Scherer, Steve Holland, Daniel Trotta, Brad Brooks, Ariba Shahid, Raju Gopalakrishnan Organizations: OceanGate Expeditions, U.S . Coast Guard, Canadian, Coast Guard, Twitter, U.S, Expeditions, British, Reuters, U.S . Navy, Atlantic, Stockton Rush, Authorities, Lockheed, Orion, CNN, Stone, University College London, Thomson Locations: Newfoundland, Canada, France, U.S, Connecticut, Cape Cod , Massachusetts, St, John's, French

☆ Titanic sub timeline: when did it go missing and key events in search
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +4 min

But it starts its descent later, according to the U.S. Coast Guard. ET) - The submersible is scheduled to return to the surface, the U.S. Coast Guard says. The U.S. Coast Guard - which announces this on Wednesday - does not give a precise timing. WEDNESDAYDURING THE DAY - U.S. Coast Guard, U.S. Navy, Canadian Coast Guard and OceanGate Expeditions establish a unified command to handle the search. ET) - U.S. Coast Guard announces Canadian P-3 aircraft detected underwater noises.

Persons: Hamish Harding, Harding, John Mauger, Shahzada Dawood, Suleman, Stone, Jannicke Mikkelsen, Edmund Blair, Alexandra Hudson Organizations: OceanGate Expeditions, Expedition, Facebook, U.S . Coast Guard, Titan, Atlantic, Communications, Coast Guard, Canadian Research Vessel, MONDAY U.S, Lockheed, Orion, CNN, Stone, . Coast Guard, U.S . Navy, Canadian Coast Guard, Canadian, U.S, Alexandra Hudson Our, Thomson Locations: St, John's, Newfoundland, Canada, Instagram, U.S, Cape Cod, France, U.S . Coast

☆ Safety concerns about missing Titan vessel voiced by former OceanGate employees years ago
▼ + stars: | 2023-06-21 | by ( Celina Tebor | ) edition.cnn.com time to read: +7 min

Lochridge worked as an independent contractor for OceanGate in 2015, then as an employee between 2016 and 2018, according to court filings. Court filings from the company indicate there was additional testing after Lochridge’s time at OceanGate, and it’s unclear whether any of his concerns were addressed as the vessel was developed. He said more concerns were raised by contractors and employees during his time at OceanGate, and Rush became defensive and shied away from answering questions during all-staff meetings. In 2022, the legal representative updated the Virginia court on OceanGate’s expeditions in another court filing. “OceanGate decided to cancel the second mission for repairs and operational enhancements” after the vessel “sustained modest damage to its external components,” it reads.

Persons: David Lochridge, Lochridge, Stockton Rush –, “, Rush, OceanGate, of Virginia –, ” Kevin Williams, “ OceanGate, “ Classing Organizations: CNN, US Coast Guard, OceanGate, Stockton Rush, Titan, Coast Guard, U.S, Eastern, of, University of Washington’s, Physics Laboratory, University of Washington, American Bureau of Shipping, Lloyd’s Locations: Cape Cod , Massachusetts, OceanGate, of Virginia, Virginia

☆ Who Are the Five People Aboard the Missing Titanic Tourist Submersible? What We Know So Far
▼ + stars: | 2023-06-20 | by ( Saeed Shah | Joanna Sugden | ) www.wsj.com time to read: 1 min

The search involving aircraft and surface vessels was intensifying in an area about 900 miles off Cape Cod, Mass., in water about 13,000 feet deep, to find the craft. An undated photo of the Titan. OceanGate/Abaca Press/Zuma Press

Persons: Abaca Press Organizations: Abaca, Zuma Locations: Cape Cod

☆ Magellan, the company that mapped the Titanic wreck, is trying to scramble its deep-sea scanning equipment to help locate the lost sub
▼ + stars: | 2023-06-20 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Magellan, which helped develop visuals of the Titanic, said it's trying to help find the lost sub. "We are ready to support, and we are fully mobilised to help," Magellan said on its site. OceanGate runs the Titan submersible to take trips to the Titanic's wreck in the Atlantic Ocean. The equipment it is trying to bring in are those that helped produce the Titanic wreck images, the Magellan's David Thompson said to CNN. "We are ready to support, and we are fully mobilised to help," Magellan said on its site.

Persons: it's, Magellan, OceanGate, James Cameron's, David Thompson Organizations: US Coast Guard, Atlantic Productions, The Coast Guard, CNN, Magellan Locations: John's, Newfoundland, Canada, Cape Cod , Massachusetts

☆ Submersible touring Titanic wreckage: A challenging search in remote waters intensifies for the vessel
▼ + stars: | 2023-06-20 | by ( Nouran Salahieh | ) edition.cnn.com time to read: +11 min

CNN —A multi-agency search is intensifying for a submersible that went missing with five people on board while touring the wreckage of the Titanic, as crews comb through choppy, remote waters in low visibility. “It is a challenge to conduct a search in that remote area,” Mauger said during a news briefing. However, British businessman Hamish Harding is one of the people on the submersible, according to a social media post by the company he owns, Action Aviation. What we know about the vessel and expeditionAn undated photo of the OceanGate Titan vessel. The Coast Guard’s current focus is on locating the vessel, Mauger said.

Persons: John Mauger, ” Mauger, ” Crews, Mauger, “, Hamish Harding, Harding, ” Harding, Larry Daley, Paul, Henri Nargeolet, Nargeolet, Shahzada Dawood, Sulaiman Dawood, Dawood, weren’t, ”, Mi’sel Joe, ” Rory Golden, ” Golden, Golden, Bobbie Scholley, ” Scholley, Scholley Organizations: CNN, Coast Guard, Royal Canadian Air Force, US Coast Guard, Canadian Armed Forces, OceanGate Expeditions, Horizon Maritime, Action Aviation, CTV, CBC News, Expeditions, “, Maritime Horizon Services, Facebook, US Navy Locations: Cape Cod, British, St, Pakistan, John’s, Newfoundland, Canada, ”

Those aboard the submersible called Titan, the highlight of a tourist expedition that costs $250,000 per person, included British billionaire Hamish Harding and Pakistani businessman Shahzada Dawood with his son Suleman. The wreckage of the Titanic that sank in 1912 after hitting an iceberg lies at about 12,500 feet (3,810 metres). OceanGate Expeditions, the private company that operates the submersible, said it was "mobilizing all options" to rescue those aboard the Titan. Reuters GraphicsBILLIONAIRE ABOARDThe expeditions to the Titanic start in St. John's, Newfoundland, before heading out about 400 miles (640 km) into the Atlantic to the wreckage site, OceanGate's website says. Harding's stepson later wrote on Facebook that Harding had "gone missing on submarine" and asked for "thoughts and prayers".

Persons: Hamish Harding, Shahzada Dawood, Suleman, Paul, Henri Nargeolet, John Mauger, Harding, Dawood, Joseph Ax, Kanishka Singh, Ismail Shakil, Edmund Blair, Janet Lawrence Organizations: Discovery, U.S . Coast Guard, Stockton Rush, Expeditions, Twitter, Reuters Graphics, Action Aviation, Facebook, Engro Corporation, SETI, Thomson Locations: Nova Scotia, Canada, U.S, ., Cape Cod, St, John's, Newfoundland, UAE, California, Britain, Washington, Shahid, Karachi

The OceanGate Expeditions submersible that went missing with five people aboard while trying to visit the site of the Titanic wreckage has only 41 hours or less of oxygen left, U.S. Coast Guard officials said Tuesday. Rescuers are searching an area of ocean that is "larger than the state of Connecticut" for the Titan submersible, Coast Guard Captain Jamie Frederick said at a news briefing Tuesday. The submersible went missing Sunday, less than two hours into its dive about 900 nautical miles off the coast of Cape Cod, Massachusetts. Stockton Rush, the CEO of OceanGate Expeditions, is on board the vessel. OceanGate began offering trips on the submersible, whose passengers pay $250,000 apiece, in 2021.

Persons: Jamie Frederick, Frederick, Hamish Harding, Shahzada Dawood, Suleman, OceanGate Organizations: Expeditions, U.S . Coast Guard, Titan, Coast Guard, Stockton Rush, OceanGate Expeditions, Action Aviation Locations: U.S, Connecticut, Cape Cod , Massachusetts

☆ Opinion: Our fascination with the missing Titanic-exploring submersible
▼ + stars: | 2023-06-20 | by ( Opinion Jill Filipovic | ) edition.cnn.com time to read: +6 min

Now, a massive hunt is on to find the submersible before its passengers run out of oxygen. And yet, while the migrant story is far from being ignored, it’s not receiving the same breathless moment-by-moment updates accorded the lost Titanic hunters. (Who among us plebs had even heard the word “submersible” used as a noun before this incident?) The parallels to the Titanic, itself a story that still engenders widespread fascination more than a century after its sinking, add another layer of interest. But this is not a parable; it’s five human beings and many more working around the clock to save their lives.

Persons: Jill Filipovic, CNN —, Hamish Harding, Shahzada Dawood, Sulaiman Dawood, it’s, that’s, they’re Organizations: Twitter, CNN, Canadian Armed Forces, US Coast Guard, OceanGate Expeditions, United, Greek Coast Guard, Nature, Facebook Locations: New York, Cape Cod, British, United Arab Emirates, Pakistani, Syria, Egypt, Pakistan

☆ Portugal to swap $153 million Cape Verde debt for nature investments
▼ + stars: | 2023-06-20 | by ( Sergio Goncalves | ) www.reuters.com time to read: +2 min

LISBON, June 20 (Reuters) - Portugal plans to swap the entire 140 million euro ($152.91 million) debt it is owed by Cape Verde for investments in the archipelago's environmental and climate fund, Prime Minister Antonio Costa said on Tuesday. The two countries had already agreed in January to swap 12 million euros of debt repayments scheduled until 2025 and then assess the effectiveness of this mechanism in concrete projects. "We are sure the assessment we will make in 2025 will be positive and that we will be able to extend this mechanism to all 140 million euros of debt throughout its maturity," Costa said. Cape Verde's Silva said the investments will increase the country's resilience and achieve sustainable development goals. Cape Verde is 80% dependent on imported fossil fuel energy, which has risen sharply in price following Russia's invasion of Ukraine in 2022.

Persons: Antonio Costa, Costa, Ulisses Correia e Silva, Cape Verde's Silva, Sergio Goncalves, Inti Landauro, Susan Fenton Organizations: Cape Verde's, Thomson Locations: LISBON, Portugal, Cape Verde, Lisbon, Cape, Africa, Portuguese, Ukraine

☆ Rwandan genocide accused abandons South African bail, seeks asylum
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +2 min

CAPE TOWN, June 20 (Reuters) - Former Rwandan police officer Fulgence Kayishema, accused of participating in the 1994 Rwandan genocide, has abandoned his application for bail and applied for political asylum in South Africa, prosecuting authorities and his lawyer said on Tuesday. Rwandan genocide suspect Fulgence Kayishema appears at the Cape Town Magistrates' Court where 54 new charges were added against him, in Cape Town, South Africa June 9, 2023. REUTERS/Nic Bothma/File PhotoThe NPA said the 62-year-old accused "has abandoned his bail application and will instead launch an asylum application today". "My client fears for his life, if and when extradited, hence the very reason for his asylum application which has been filed today," Kayishema's lawyer, Juan Smuts, told Reuters in an emailed response. He said further details would be revealed in his client's asylum application to officials at the Department of Home Affairs.

Persons: Fulgence Kayishema, Kayishema, Nic Bothma, Juan Smuts, Wendell Roelf, Angus MacSwan Organizations: Former Rwandan, Rwanda, National Prosecuting Authority, Cape Town Magistrates, REUTERS, Reuters, Department of Home Affairs, Thomson Locations: CAPE, South Africa, Cape Town, Cape Town , South Africa

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