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☆ 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

The United States Coast Guard will hold a news conference at 4:30 p.m. ET in Boston on the search for the missing submersible near the Titanic wreckage. Rear Admiral John Mauger, Commander of the First Coast Guard District is expected to lead the briefing. The trip begins with a 400-nautical-mile journey to the wreck site, according to the tour operator. There, up to five people board the submersible named “Titan” and descend to the bottom of the ocean.

Persons: John Mauger Organizations: United States Coast Guard, Coast Guard, Polar, First Coast Guard Locations: Boston, Canadian, Cape Cod, St, John’s, Newfoundland, Canada

☆ Coast Guard searches for 5-person crew aboard submersible that went missing on dive to Titanic wreck
▼ + stars: | 2023-06-19 | by ( Phil Mccausland | ) www.cnbc.com time to read: +5 min

The U.S. Coast Guard is searching for a missing Canadian research submersible that disappeared on Sunday after it went to explore the wreck of the Titanic. The 21-foot submersible and its five-person crew, from the Canadian research vessel Polar Prince, started a dive on Sunday morning, according to the Coast Guard. The missing submersible was part of an OceanGate Expeditions tour exploring the Titanic wreckage, located 900 nautical miles east of Cape Cod, Massachusetts. He said the Coast Guard immediately launched a surface and aerial search to find or recover the submersible and any survivors. Mauger added at the press conference that the Coast Guard is working to expand its capabilities to include an underwater search as well.

Persons: John Mauger, Mauger, Hamish Harding, Harding, OceanGate, OceanGate's, James Cameron Organizations: U.S . Coast Guard, Coast Guard, Expeditions, NBC, Action Aviation, Sunday, New York National Guard, Canadian Coast Guard, Poseidon, New York Times Locations: Canadian, Cape Cod , Massachusetts, OceanGate, Newfoundland, Canada

☆ If you're looking for a last-minute trip to Cape Cod during the 'busy' season, you might be in luck. Summer rentals are sitting empty.
▼ + stars: | 2023-06-19 | by ( Melia Russell | ) www.businessinsider.com time to read: +3 min

It's not too late to book a short-term vacation rental on Cape Cod this summer. Even as the vacation hot spot enters its busy season, locals are seeing the demand for vacation rentals soften. The occupancy rate is down 20% from last year, according to The Cape Cod & Islands Association of Realtors. After listing those homes on sites like Airbnb and Vrbo, the supply of vacation rentals is through the roof. The real estate group says the average daily rate has climbed to $619 up from $525 last summer.

Persons: It's, —, Airbnb, Insider's, Vrbo, Beth Teitell, Ryan Castle, John Greim, Annie Blatz Organizations: Service, Islands Association of Realtors, Boston Globe, Globe, Getty, Kinlin Grover Compass Locations: Cod, Cape Cod

☆ Rio Tinto iron ore train derailed at weekend in Western Australia
▼ + stars: | 2023-06-19 | by ( ) www.reuters.com time to read: +1 min

SummarySummary Companies About 30 wagons of self-driving train derailedNo injuries reportedUnclear if Rio will be able to meet customer commitmentsMELBOURNE, June 19 (Reuters) - Rio Tinto (RIO.AX) was working on Monday to recover about 30 wagons of a self-driving iron ore train that derailed in Western Australia, an accident that analysts said had the potential to disrupt its exports, although no one was injured. Saturday's incident was the second such event after peer BHP Group (BHP.AX) derailed a runaway iron ore train in the same region in late 2018. "The regulator has approved recovery of the site and work to recover the derailed wagons has commenced." Rio exports from Dampier port and through Cape Lambert in the northern part of Western Australia state. Shares in Rio, which said it was investigating the incident, were down 1.2%, alongside smaller declines in other iron ore miners.

Persons: David Lennox, Melanie Burton, Muralikumar Anantharaman, Clarence Fernandez Organizations: MELBOURNE, Rio Tinto, BHP Group, Thomson Locations: Rio, Western Australia, Dampier, Sydney, Cape Lambert

☆ OceanGate Expeditions: What we know about the Titanic-exploring submersible missing off Newfoundland coast
▼ + stars: | 2023-06-19 | by ( Jessie Yeung | ) edition.cnn.com time to read: +8 min

The submersible was part of an eight-day journey conducted by OceanGate Expeditions. It’s still not clear what happened to the submersible, why it lost contact, and how close to the Titanic it was when it went missing. According to OceanGate, Titan is a 23,000-pound submersible made of carbon fiber and titanium. On Pogue’s trip, communications broke down during a dive and the submersible was lost for over two hours, he said. The US Coast Guard is coordinating the search with the US Navy, the Canadian Coast Guard and the Canadian military.

Persons: It’s, ”, John Mauger, Hamish Harding, Hamish, Harding, ” Hamish Harding, Facebook Harding, Paul, Henri, P.H, Nargeolet, Shahzada Dawood, Sulaiman Dawood, Dawood, Roger Chapman, Roger Mallinson, OceanGate, …, David Pogue, CNN Thomas Shugart, didn’t bode, haven’t, they’d Organizations: CNN, Titan, OceanGate Expeditions, United Arab Emirates, Action Aviation, SETI Institute, Dawood Hercules Corporation, Dawood, Authorities, Coast Guard, National Oceanic, Atmospheric Administration, CBS, Titanic, US, Center, New, New American Security, US Coast Guard, US Navy, Canadian Coast Guard, Canadian, US Air, Wing, Navy Locations: United States, St John’s, Newfoundland, Canada, Cape Cod , Massachusetts, British, Pakistani, California, New American

Video transcript Back bars 0:00 / 1:04 - 0:00 transcript Coast Guard Searching for Lost Submersible Near Site of Titanic The U.S. Coast Guard launched a search and rescue mission after a submersible disappeared during a dive to the site of the Titanic. We are doing everything that we can do to make sure that we can locate and rescue those on board. So after receiving the call, we launched, well, reached out to the vessel Polar Prince and began a surface search looking for the submersible. We’ve subsequently coordinated with the Canadian Coast Guard and Canadian Armed Forces to deploy additional assets to the scene. The U.S. Coast Guard launched a search and rescue mission after a submersible disappeared during a dive to the site of the Titanic.

Persons: John Mauger, We’ve, Steven Senne, Admiral Mauger, “, ”, we’re Organizations: U.S . Coast Guard, . Coast Guard, Canadian Coast Guard, Canadian Armed Forces, Associated, Coast Guard, OceanGate Expeditions, United, New York National Guard, Fox Locations: Cape Cod, Boston, U.S, United States, Canada

☆ A failed US Navy experiment during World War II hinted at how exploding drones would change the battlefield 80 years later
▼ + stars: | 2023-06-18 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +8 min

Loitering munitions have become a staple on modern battlefields, especially in Ukraine. The technology is not new, and a US Navy experiment during World War II hinted at its utility. Loitering munitions and armed UAVs in general are often regarded as a 21st-century development, but they have a long history. During World War II, the US Navy was behind some of the first such drone strikes during an experiment that was ultimately scrapped but hinted at what was to come. Russian forces have used domestically made Lancet loitering munitions against Ukraine's military and employed Iranian-made Shahed-136 and 131 loitering munitions in attacks on military and civilian targets.

Persons: —, it's, Oleksii Organizations: US Navy, Service, Heritage Command, US, Interstate Aircraft, Company, Schwinn Bicycle Company, Navy, Interstate, Task Air, US Naval Heritage, Command, Getty Locations: Ukraine, Solomon Islands, Banika, Cape Esperance, Guadalcanal, Marcus, South Pacific, Bougainville, Solomons, Russian, Kyiv, Armenia, Azerbaijan, Russia, Soviet

☆ The Places Most Affected by Remote Workers’ Moves Around the Country
▼ + stars: | 2023-06-17 | by ( ) www.nytimes.com time to read: +11 min

Source: American Community SurveyThis rising mobility was driven by remote workers who sought new housing in their same metro areas, but also by a wave of remote workers decamping to other parts of the country. The rise of remote work meant that many such workers moved into these places, too. But for New York, San Francisco, Washington and Los Angeles, significantly more remote workers left than arrived. New York Metro Area Net domestic migration of workers Prepandemic 2018-19 Pandemic 2020-21 In-person workers Remote The N.Y.C. The remote workers identified this way may range from hybrid workers who primarily work from home to permanent remote workers and self-employed people who have no nearby office to visit.

Persons: ”, Hans Johnson, Johnson, Nicholas Bloom, Mr, Bloom, Adam Ozimek, Ozimek, Eric Carlson, It’s, “ Organizations: San, Major Metros, metros, York, Angeles, Washington, Seattle, Raleigh, Diego, Dallas, Sacramento, Hartford, American, Survey, San Jose metros, New York Metro Area Net, Public, Institute of California, Remote Workers, American Community Survey, Stanford, Economic Locations: San Francisco, New York, San Francisco , Washington, Los Angeles, Austin, Denver, Dallas, Nashville, Jose, Calif, Austin , Texas, N.C, Portland, Ore, Va, Conn, California, Bay Area, Washington, Ocean City, N.J, Cape Cod, Salisbury, Md, Maryland, Delaware, Fla, Stroudsburg, Pa, S.C, Panama City, Duluth, Minn

☆ Spain and Man City's Rodri enjoying the best of times
▼ + stars: | 2023-06-17 | by ( ) www.reuters.com time to read: +2 min

On Sunday he is expected to be key again, this time for Spain as they take on Croatia to decide the Nations League champions in Rotterdam. But I'm more focused on the team overall, what matters is winning trophies as a team, that's what I've always wanted." DEMANDING SEASON"We have a big game tomorrow after a very long season for me which has been very demanding. "I think it would be brilliant to win a trophy for Spain for the first time in a long while and take Spain to the top. It would be very important not just in terms of winning, but also in terms of forging a winning future.

Persons: Rodri, ” Rodri, I’ve, I've, I'm, Mark Gleeson, Hugh Lawson Organizations: Manchester City, City, Inter Milan, Nations League, Spain, France, Thomson Locations: ROTTERDAM, Spain, Istanbul, Croatia, Rotterdam, Italy, Manchester City, Cape Town

☆ Spain players trumping fatigue as they look to win Nations League
▼ + stars: | 2023-06-17 | by ( ) www.reuters.com time to read: +2 min

ROTTERDAM, June 17 (Reuters) - Spain coach Luis de la Fuente is confident the motivation of playing in the Nations League final will trump any end-of-season fatigue his players might feel after an exhausting campaign. Spain take on Croatia to decide the title in Rotterdam on Sunday after edging Italy in the last minute of their semi-final on Thursday. De la Fuente told a pre-match press conference he had no concerns about his players finding the requisite energy before heading off on holidays. De la Fuente took over as Spain coach after their last-16 elimination at the World Cup last November, and he now has a chance to win a title in only his fourth game in charge. Croatia, however, will be a tricky opponent for Spain, the coach added.

Persons: Luis de la Fuente, De la Fuente, la Fuente, Mark Gleeson, Hugh Lawson Organizations: Nations League, Thomson Locations: ROTTERDAM, Spain, Croatia, Rotterdam, Europe, Cape Town

☆ Opinion | Juneteenth Is Different Out West
▼ + stars: | 2023-06-16 | by ( Tiya Miles | ) www.nytimes.com time to read: +4 min

The location of this small event, it turned out, was an old Black neighborhood that was changing over time as residents from different racial backgrounds and income levels moved in for the river views. Juneteenth festivities have long represented tucked-away spaces, deeply local, somewhat surprising and fitted to the variances of Black life in America. In other parts of the country, Black communities celebrated what they called Emancipation Day, keyed to a different historical timestamp. Many Black communities along the Atlantic seaboard celebrated Emancipation Day. There, Juneteenth will be celebrated in the historic building of another African Meeting House, which will have a bicentennial anniversary in 2025.

Persons: General Gordon Granger’s, Jacqueline Jones, ”, Juneteenth Organizations: Black University of Michigan, West Indies, Atlantic, of, House, American, Heritage, Fund, National Trust for Historic Preservation Locations: boardinghouses, America, Galveston , Texas, West, Massachusetts, Caribbean, Black, Beacon Hill, Nantucket, Cape Cod, MAAH, New Guinea

☆ Rising the ranks at Citadel Securities: How this 31-year-old rose from intern to head of foreign exchange in 5 years
▼ + stars: | 2023-06-16 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +9 min

At 31, Soeren Kuenzel runs Citadel Securities' FX team, overseeing hundreds of billions in trades. Just ask Soeren Kuenzel, the head of foreign-exchange trading at Citadel Securities who's now responsible for billions in complicated currency trades at just 31 years old. It was sponsored by Citadel, the hedge-fund firm led by the billionaire Ken Griffin, alongside the market maker Citadel Securities. Citadel Securities, launched by Griffin in 2002, is one of the biggest trading houses matching sellers and buyers of stocks, bonds, and currencies across the globe. He finished his doctorate at Berkeley in 2019 and began working that fall as a quant researcher at Citadel Securities full time in Chicago.

Persons: Soeren, Soeren Kuenzel, Kuenzel, Ken Griffin, Griffin, Fang Wu, Wu, It's, Yale's, I've, he's, that's, Alex Morell Organizations: Citadel Securities, FX, University of California, Facebook, Apple, Citadel, New York Stock Exchange, Chicago, Berkeley, Yale's men's, Cape, Cape Florida Lighthouse Locations: Berkeley, Miami, Europe, Chicago, Germany, Cape Florida

☆ These are the top 10 cities where Americans are overpaying for houses
▼ + stars: | 2023-06-15 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

The housing market remains tight, and some US cities are seeing homes that are listed more than 40% above their historical value. New data from Florida Atlantic University broke down the most overpriced housing markets in the country. Five of the 10 most overpriced cities are located in Florida. FAU researchers compiled current home price data and compared it to historical trends to find which places Americans were overpaying the most. Below are the 10 most overpriced US cities, with the percentage signifying the premium between current prices and long-term pricing trend.

Persons: —, Ken H, Johnson Organizations: Florida Atlantic University, Service, Florida Atlantic University . Atlanta, FAU Locations: Florida, Atlanta , Georgia, Detroit , Michigan, Tampa , Florida, North Port , Florida, Coral , Florida, Memphis , Tennessee, Lakeland , Florida, Charlotte , North Carolina, Palm Bay , Florida, Winston , North Carolina

☆ Joselu’s late winner puts Spain into Nations League final
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +2 min

ENSCHEDE, Netherlands, June 15 (Reuters) - Substitute Joselu scored a fortunate winner three minutes from the end as Spain booked their place in a second successive Nations League final with a deserved 2-1 victory over Italy on Thursday. "The team played a great game," Joselu told reporters. Thursday's result in Enschede was a repeat of the 2021 Nations League semi-final between the teams and became a battle of Spain’s possession game versus Italy’s ability to hit them on the counter-attack with swift breaks. "Spain deserved it, even if they only found the goal right near the end. We set up slightly differently, but we couldn't do much in the second half," Italy coach Roberto Mancini told RAI.

Persons: Joselu, Luis de la, Yeremy Pino, Robin Le Normand, Ciro, we're, Leonardo Bonucci, Yeremy, Le Normand, Unai Simon, Roberto Mancini, Nick Said, Ed Osmond Organizations: Nations League, Italy, Croatia, Spaniard, RAI, Thomson Locations: ENSCHEDE, Netherlands, Spain, Sunday’s, Rotterdam, France, Italy, Croatia, Enschede, Cape Town

Axiom Space recently completed its second human spaceflight mission traveling to and from the International Space Station via a SpaceX Dragon Capsule. CNBC's "Manifest Space" podcast sat down with the retired NASA astronaut to discuss her return to space, the commercialization of human spaceflight and her outlook on the private space economy. You're back at the space station, you're somebody who's commanded the space station, you've been there multiple times before. And a part of being a NASA astronaut, I had many experiences where we trade responsibilities in command. And although I was a farm kid and a farm girl, I didn't really know if that would ever be an option for me.

Persons: Peggy Whitson, She's, Whitson, Morgan Brennan, who's, you've, You've, who've, it's, followership, Neil Armstrong Organizations: NASA, Kennedy Space Center, International Space, SpaceX, Soyuz, Space Locations: Saudi Arabia, United States, Cape Canaveral , Florida, U.S

☆ Airman Who Leaked Files Is Indicted on Charges of Mishandling Secrets
▼ + stars: | 2023-06-15 | by ( Glenn Thrush | ) www.nytimes.com time to read: +1 min

A federal grand jury on Thursday indicted Jack Teixeira, a Massachusetts Air National Guardsman who posted dozens of secret intelligence reports and other sensitive documents on a social media server, on six counts of retaining and transmitting classified national defense information. The filing of criminal charges in Boston federal court against Airman Teixeira, 21, comes about two months after F.B.I. But it was not immediately clear how many of the vaguely described incidents that underlie the charges had been previously disclosed and which ones were being made public for the first time. Airman Teixeira’s disclosures — exposing secrets of the United States, its allies and its adversaries — have bared rifts between the United States and its allies and given Russia information about intelligence-gathering methods, as news organizations have divulged some of the material. And Justice Department lawyers have said the extent of the information he leaked “far exceeds what has been publicly disclosed.”

Persons: Jack Teixeira, Teixeira, —, ” Organizations: Massachusetts Air National, Department Locations: Boston, North Dighton, United States, Russia

☆ It’s a ‘Superhero Cape’ for the Wrist
▼ + stars: | 2023-06-15 | by ( Victoria Gomelsky | ) www.nytimes.com time to read: +2 min

WONG I totally hear you about the superhero cape. WONG I don’t know if I’d call myself a collector. I know collectors who have rooms of watches and they don’t know what they have. I’m going to come out and say I am a watch collector because I actually do put some thought into curating what I have. I experienced the best version of a watch meet-up on my very first one because it was a very diverse group.

Persons: WONG, Richard Mille, you’re, Suzanne, “, I’ve, Complecto Locations: New York

☆ Meet the First Woman to Sail the ‘Voyage for Madmen’
▼ + stars: | 2023-06-14 | by ( Lauren Sloss | ) www.nytimes.com time to read: +2 min

But ironically, those moments weren’t because of heavy weather, they were because of a total lack of wind. It’s often said by sailors that the most difficult moments are the calms, because when you are experiencing heavy weather, you’ve got something to keep you busy. I assume that was more challenging during the calm periods, but in general, it’s a long time to be alone. Eight months is a very long time to be in one place — you’re moving, but the place you’re in is the same. It felt like trying to summit a mountain: This is the summit and from here on it’s the descent.

Persons: It’s, you’ve, it’s, I’d, you’d, I’ve, ”

☆ Croatia reach Nations League final after knocking out hosts Netherlands
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +2 min

ROTTERDAM, June 14 (Reuters) - Croatia scored twice in extra time to beat the Netherlands 4-2 in their Nations League semi-final in Rotterdam on Wednesday and advance to Sunday’s decider. Donyell Malen handed the hosts a 34th-minute lead before Andrej Kramaric equalised from the penalty spot 10 minutes into the second half. Cody Gakpo set it up by winning possession and five passes later, Mats Wieffer teed up an unmarked Malen to fire home. The Netherlands now have to play in the third-place playoff game against Thursday’s losers in Enschede on Sunday. Writing by Mark Gleeson in Cape Town; Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

Persons: Bruno Petkovic, Luka Modric, Donyell Malen, Andrej Kramaric, Mario Pasalic, Noa Lang, Netherlands ’, Cody Gakpo, Mats Wieffer teed, Modric, Luka Ivanusec, Lang, Petkovic, Mark Gleeson, Toby Davis Organizations: Croatia, Nations League, Feyenoord, Thomson Locations: ROTTERDAM, Netherlands, Rotterdam, Croatia, Italy, Spain, Enschede, Qatar, Gakpo, Pasalic, Cape Town

☆ 32-year-old spent $2,000 setting up an Airbnb in her neighbor's barn—now her rentals bring in $2.88 million a year
▼ + stars: | 2023-06-14 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

The company brought in $2.28 million last year on Airbnb and rental platform Eviivo, according to documents reviewed by CNBC Make It. She paid a company to help her create hashtags and build her online presence — all for a single Airbnb property. She asked Randall to promote the Airbnb listing on her "Stays and Getaways" page, in exchange for a free stay. When a former middle school classmate reached out asking for Airbnb advice, Inlow said she'd redesign and run the property herself for $10,000. That fall, Inlow purchased another property management company, Cape Charles Escapes, to expand her rental portfolio to Virginia's coast.

Persons: Jamie Inlow's, Inlow, wasn't, Jamie Inlow, Julia Randall, Randall, Getaways, Cape Charles Organizations: University of Virginia, CNBC, Google, Airbnb, Cape, Historic, LV8 Locations: Scottsville , Virginia, Virginia, Virginia's, Staunton , Virginia

☆ Trio of cup final appearances a boost for Italy, says Mancini
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +2 min

I think they were very unfortunate because none of the three deserved to lose their respective finals," Mancini told a press conference on Wednesday. And in the Under-20 World Cup, Italy made it to the final and we shouldn't play that down. Italy face Spain on Thursday in their Nations League semi-final in the Dutch city of Enschede. "We have reached the Nations League finals for the second time and it's a good achievement, especially because we played the group stage with several youngsters,” added Mancini. On potential team selection, Mancini said: “Ciro Immobile had several injuries after the last Euros.

Persons: Roberto Mancini, " Mancini, ”, Mancini, “, “ Ciro, Nicolo Zaniolo, Federico Chiesa, Mark Gleeson, Toby Davis Organizations: week’s Nations League, Inter Milan, Manchester City, Champions League, AS Roma, Sevilla, Europa League, Fiorentina, West Ham United, Europa Conference League, Nations League, Thomson Locations: ENSCHEDE, Netherlands, Italy, Spain, Dutch, Enschede, Cape Town

CNN —An “unprecedented drought” is affecting the Panama Canal’s water supply and leading authorities to impose surcharges and weight limits on ships traversing the key global trade route, according to the Panama Canal Authority. Ships move through the Panama Canal through a lock system, which uses water from several freshwater reservoirs to float the massive cargo vessels overland. But Panama is currently gripped by drought, and water levels at least one of those reservoirs – Gatun Lake – are dropping. But the start of El Niño “could worsen” conditions, the Panama Canal authority also warned. Regional neighbors have sought opportunities to compete with the lucrative Panama Canal.

Persons: El Niño, El, Cape Horn Organizations: CNN, Panama Canal Authority, Ships, Panama City, Panamanian National Government, El, Pacific, United Locations: Panama, Central America, El, South America, Cape, Asia, United States, Panamanian, Panama Canal, Nicaragua, Mexico, Pacific, Gulf of Mexico

☆ Reports say China plans to set up a spy base in Cuba. The Pentagon says no, but it's closely watching what Beijing is up to.
▼ + stars: | 2023-06-09 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +5 min

China is reportedly in talks with Cuba about setting up a spy base on the island roughly 100 miles from Florida. It's a move that would follow in the footsteps of the Soviet Union, which operated a spy base on the island for decades. The Soviet spy facility in Lourdes was operational until 2001, when it closed down. The Pentagon responded to the reports of China's plan for a spy facility in Cuba Thursday afternoon, with spokesman Brig. Update: 6/9/2023 — This article has been updated with new statements from the Pentagon, the White House National Security Council, Cuba, and China.

Persons: —, Laura Richardson, Mike Waltz, Brig, Pat Ryder, he'd, John Kirby, Kirby Organizations: Pentagon, Service, Privacy, Department of Defense, White, Politico, Central Command, Cape Canaveral, Wall Street Journal, CNN, The New York Times, Senior, US Southern Command, Florida Republican, House Intelligence, Armed Services, Chinese Communist Party, Soviet Union, National Security, Cuban, White House National Security Council Locations: China, Cuba, Florida, Soviet Union, Beijing, Havana, Cape, America, Soviet, Lourdes

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