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☆ Student-loan borrowers might face even more hurdles resuming payments if Republicans end up passing their new proposal to cut funding for the Education Department
▼ + stars: | 2023-07-19 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

House Republicans are proposing cutting funding for Federal Student Aid by $265 million. Last week, Republicans on the House Appropriations Committee released a series of bills for funding federal agencies through fiscal year 2024. "Right now, House Republicans are pursuing an appropriations bill that cuts $22.5 BILLION from education," Education Secretary Miguel Cardona wrote on Twitter. Cutting funding could pose significant challenges to borrowers, along with the operations of Federal Student Aid. Some Democratic lawmakers have also expressed concerns about a lack of funding for Federal Student Aid.

Persons: it's, Joe Biden's, Biden, Miguel Cardona, Jared Bass, Federal Student Aid . Massachusetts Sen, Elizabeth Warren, Tammy Baldwin, Shelley Moore Capito Organizations: Republicans, Federal, Aid, Service, Republican, Labor, Health, Human Services, Education, House Republicans, Twitter, Federal Student Aid, Public, Center, American Progress, Democratic, Federal Student Aid ., Department of Education, Education Department Locations: Wall, Silicon, Federal Student Aid . Massachusetts

☆ MI6 chief makes open plea to Russians to spy for UK
▼ + stars: | 2023-07-19 | by ( Nick Paton Walsh | ) edition.cnn.com time to read: +3 min

Prague CNN —The head of Britain’s foreign intelligence service used a rare speech Wednesday to issue a plea to disaffected Russians to spy for the UK. They know in their hearts that Putin’s case for attacking a fellow Slavic nation is fraudulent,” he added. The MI6 chief told CNN that Prighozin is alive and at liberty following the group’s 24-hour mutiny against the Kremlin, and that Putin is clearly under pressure. Over the years they have developed a particularly gruesome reputation and have been linked to various human rights abuses. A CNN investigation in April found that Wagner has been supplying Sudan’s paramilitary Rapid Support Forces with missiles to aid their fight against the country’s army.

Persons: Richard Moore, ”, Vladimir Putin’s, ” Moore, Moore, “, Putin, Wagner, Yevgeny Prighozin, Belarus –, Prighozin, Putin “ didn’t, –, ” Putin Organizations: Prague CNN, Kyiv, Russian, CNN, Kremlin, Prighozhin, Wagner Group, Central African, Rapid Support Forces Locations: Prague, Ukraine, Russian, Odesa, Belarus, Moscow, Denmark, Central African Republic, Sudan, Libya, Mozambique, Syria

☆ Putin Invited Wagner Leader Prigozhin 'for Tea' Recently, Says UK Spy Chief
▼ + stars: | 2023-07-19 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Vladimir Putin had tea with mutiny leader Yevgeny Prigozhin, the UK's spy chief said. However, after striking a deal with Wagner leader Prigozhin to call off the mutiny, Putin's actions have been mysterious. There are some things that even the chief of MI6 find a little difficult to try and interpret," Sir Richard said. Asked whether he believes Prigozhin is still alive, Sir Richard said that "as far we can tell Prigozhin is floating around," reported Sky News. Sir Richard, officially codenamed "C", compared the situation in Ukraine to the Prague Spring in 1968.

Persons: Vladimir Putin, Yevgeny Prigozhin, Richard Moore, Wagner, Sir Richard Moore, Putin, Prigozhin, he'd, Sir Richard Organizations: Service, Wagner Group, Sky, Sky News, Analysts, Kremlin Locations: Russian, Wall, Silicon, Prague, Czech Republic, Russia, Moscow, Belarus, St Petersburg, Ukraine

☆ Putin cut deal with Wagner ‘to save his skin,’ MI6 chief says in rare speech
▼ + stars: | 2023-07-19 | by ( Nick Paton Walsh | ) edition.cnn.com time to read: +4 min

Prague CNN —It was a rare moment when the publicly visible Kremlin matched the reality behind closed doors. And he had, it seemed, been welcomed into the Kremlin to meet Putin days later. Asked by CNN if Prigozhin was “alive and healthy”, Moore replied the Wagner leader was still: “floating around”, per his agency’s understanding. Yet the on-camera speech provided an opportunity for Moore’s expression to convey how shocking the weakness betrayed by Putin that weekend had been. “He really didn’t fight back against Prigozhin”, Moore said.

Persons: Wagner Yevgeny Prigozhin, Putin, Richard Moore, “ Prigozhin, ” Moore, Prigozhin, Moore, Wagner, Prigozhin ”, Alexander Lukashenko, “, ” Organizations: Prague CNN, Mi6, CNN, Belarus ”, Ukraine ”, Kremlin Locations: Prague, Moscow, Belarus, Denmark, Ukraine, United Kingdom, China, Russia, Iran

☆ Texas Trooper’s Email Describes Migrant Injuries at Southern Border
▼ + stars: | 2023-07-18 | by ( Elizabeth Findell | ) www.wsj.com time to read: 1 min

Title 42, which allowed U.S. authorities to quickly expel migrants on public health grounds, expired on May 11. WSJ’s Alicia A. Caldwell explains what the policy is, its effect on the border and what comes next. Photo: John Moore/Getty ImagesAUSTIN, Texas—Texas state police troopers and National Guard members patrolling the border with Mexico were ordered to deny water to people at a time when temperatures surpassed 100 degrees, to push an exhausted mother with a nursing baby into the Rio Grande and to prevent a preschooler near razor wire from getting to shore, according to an email from a trooper airing his concerns to his superior.

Persons: WSJ’s Alicia A, Caldwell, John Moore Organizations: Getty, AUSTIN , Texas —, National Guard Locations: AUSTIN , Texas, AUSTIN , Texas — Texas, Mexico, Rio

☆ Asia shares slip as China casts a pall, dollar's slide abates
▼ + stars: | 2023-07-18 | by ( Selena Li | ) www.reuters.com time to read: +3 min

[1/2] FILE PHOTO-People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July 19, 2022. Investors are waiting for clearer signs that inflation is cooling, with the readings on U.S. retail sales and industrial production to be released later on Tuesday. Economists reckon retail sales in June will show a 0.5% rise from May, strong enough to keep the soft landing scenario without rekindling worries about inflation. The Fed, European Central Bank and Bank of Japan are holding policy reviews next week. The U.S. dollar index dipped slightly to 99.71 in Asia trade, having struck its lowest since April 2022 on Friday.

Persons: Lam, Morgan Stanley, Goldman Sachs, Gary Ng, Ng, Brent, Selena Li, Simon Cameron, Moore, Sam Holmes Organizations: Hong Kong Exchanges, REUTERS, Federal, Bank of America, Natixis Corporate, Investment Bank, The, European Central Bank and Bank of Japan, Japan's Nikkei, ECB, Fed, Bank of England, U.S, Bank of Japan, Thomson Locations: Hong Kong, China, HONG KONG, Asia, Pacific, Japan

☆ Asia shares slip further as China casts a pall, dollar's slide abates
▼ + stars: | 2023-07-18 | by ( Selena Li | ) www.reuters.com time to read: +3 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) slipped 0.63% in the morning session. Investors are waiting for stronger signs of inflation cooling, with the readings on U.S. retail sales and U.S. industrial production to be released later on Tuesday. Economists reckon retail sales in June will show a 0.5% rise from May. The U.S. Federal Reserve, European Central Bank and Bank of Japan are holding policy reviews next week. A possible divergence of U.S. Federal Reserve and European Central Bank on rate hikes has recently caused dollar to weaken.

Persons: Gary Ng, Ng, Brent, Selena Li, Simon Cameron, Moore Organizations: Natixis Corporate, Investment Bank, The U.S . Federal Reserve, European Central Bank and Bank of Japan, Japan's Nikkei, . Federal Reserve, European Central Bank, Fed, Bank of England, Bank of Japan, U.S, Thomson Locations: HONG KONG, Asia, Pacific, Japan, Hong Kong, China

[1/2] Rescuers work at the site of an apartment building damaged during Russian missile strikes, amid Russia’s attack on Ukraine, in Kyiv, Ukraine June 24, 2023. Most western countries including the U.S., United Kingdom, Germany and France had pushed for a firm condemnation of Russia and the war in Ukraine, whereas Russia and its friend China had opposed any such move, the official added. The gathering in the western state of Gujarat was the G20's third finance track meeting under India's presidency. India has not been able to forge a joint statement in any of the key tracks since it took over the presidency of G20 last December. Reporting by Shivangi Acharya and Sarita Chaganti Singh; Editing by Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

Persons: China, Janet Yellen, Shivangi Acharya, Sarita Chaganti Singh, Simon Cameron, Moore Organizations: Russian, REUTERS, Indian, Reuters, United Nations, Treasury, Thomson Locations: Ukraine, Kyiv, Valentyn, GANDHINAGAR, India, Russia, Gandhinagar, U.S, United Kingdom, Germany, France, Gujarat, Bengaluru

☆ CNBC Pro Talks: Fund manager to reveal his top tech picks, says 'big is beautiful' in the sector right now
▼ + stars: | 2023-07-18 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +2 min

From Alphabet to Meta , Richard Clode, portfolio manager at Janus Henderson Investors, is a fan of Big Tech — but his interest in the sector goes beyond the behemoths. Clode, who manages the Horizon Global Technology Leaders Fund and the Horizon Sustainable Future Technologies Fund, will reveal how he selects stocks that he judges to be underappreciated by the market. Top holdings in his funds include chipmakers Nvidia and TSMC , payments giants Mastercard and Visa and a range of Big Tech stocks. Join CNBC Pro Talks here on Wednesday, June 19, at 1:30 p.m. SGT / 6:30 a.m. BST / 1:30 a.m. Learn more from our previous Pro Talks: This U.S. biotech stock is up 90% this year and will continue to soar, fund manager says Aging populations are creating major opportunities, fund manager says.

Persons: Richard Clode, Janus Henderson, Koulouris, Clode, Goldman Sachs Organizations: Janus Henderson Investors, Big Tech, Horizon Global Technology, Fund, Technologies Fund, Nvidia, Mastercard, Visa, Nasdaq, Global Technology, Technologies, Moore, Pioneer Investments, Pro, UBS Locations: Gartmore

[1/4] A firefighter tries to extinguish a wildfire burning near the village of Pournari, Greece, July 18, 2023. The blaze raged in the area of Dervenochoria about 30 km (18.6 miles) north of Athens. Fire fighters managed to contain other blazes southeast and west of the Greek capital but the fronts were still active. A mayor told Greek television that more than 7,000 acres of land was reduced to ashes along a coast, where many Athenians have holiday homes. Greece still has memories of a wildfire disaster in 2018, when a blaze killed 101 people in the seaside town of Mati, east of Athens.

Persons: Ioannis Artopoios, Janez Lenarcic, Kyriakos, Giorgos Nikolaou, Angeliki Koutantou, Stelios Misinas, Lefteris Papadimas, Simon Cameron, Moore, Sharon Singleton Organizations: REUTERS, Union, Greek Fire Service, Fire, Canadair, EU Crisis, Thomson Locations: Pournari, Greece, DERVENOCHORIA, Athens, Dervenochoria, France, Italy, Brussels, America, Kouvaras, Anavyssos, Lagonissi, Loutraki, Mati

☆ US working with India on platform to speed energy transition - Yellen
▼ + stars: | 2023-07-17 | by ( Aftab Ahmed | ) www.reuters.com time to read: +2 min

[1/3] U.S. Treasury Secretary Janet Yellen addresses the media, along with Indian Finance Minister Nirmala Sitharaman, on the sidelines of a G20 meeting at Gandhinagar, India, July 17, 2023. REUTERS/Amit DaveGANDHINAGAR, India, July 17 (Reuters) - The United States is working with India to develop an investment platform to lower the cost of capital and increase private investment to fast-track India's energy transition, U.S. Treasury Secretary Janet Yellen said on Monday. The visit is Yellen's third to India this year, indicating the growing closeness between the two countries. Australia and Japan are hoping to make progress during the G20 meeting on the global minimum tax. Yellen will visit Vietnam after the G20 finance meetings end on July 18.

Persons: Janet Yellen, Nirmala Sitharaman, Amit Dave GANDHINAGAR, Yellen, Sitharaman, Narendra Modi's, Swati Bhat, Shilpa Jamkhandikar, Christian Schmollinger, Lincoln, Simon Cameron, Moore Organizations: . Treasury, Indian Finance, REUTERS, Treasury, Thomson Locations: Gandhinagar, India, United States, U.S, Gujarat, Washington, Australia, Japan, Vietnam

Property sales by floor area declined 28.1% year-on-year, extending a 19.7% fall in May, according to Reuters calculations based on data from the National Bureau of Statistics (NBS). For June, property investment totaled to 1.2849 trillion yuan, falling 20.6% from a year earlier after a 21.5% drop in May, according to Reuters calculations. For January-June, property sales by floor area were down 5.3% year-on-year compared with a 0.9% fall in the first five months. Property investment fell 7.9% in the first six months, after slumping 7.2% in January-May from the same period a year earlier. New construction starts measured by floor area fell 24.3% year-on-year, after a 22.6% drop in the first five months.

Persons: Liangping Gao, Ella Cao, Ryan Woo, Kim Coghill, Simon Cameron, Moore Organizations: National Bureau of Statistics, Authorities, Thomson Locations: BEIJING

☆ Gov. Wes Moore wants Democrats to deliver results. If he pulls it off, he could change Maryland for decades.
▼ + stars: | 2023-07-17 | by ( John L. Dorman | ) www.businessinsider.com time to read: +12 min

When speaking about the Democratic Party in Maryland, Moore leaned into a similar message. "If you look at the work that we're doing here in the state of Maryland, it's results," he said. Moore in his office at the Maryland State House in Annapolis. Moore told me that he had full confidence in the legality of the legislation, calling it "the right thing to do." Moore gives his first State of the State address at the Maryland State House on February 1, 2023.

Persons: Wes Moore, Moore, Wes Moore's, —, Mitt Romney, Chris Christie, Marylanders, We're, Biden, Frederick Douglass, we're, Del, Dan Cox, Michael Robinson Chávez, Moore —, Gov, Aruna Miller —, Annapolis —, we've, Jarrod Ramos, Christian Segovia, Jr, Brian Witte, Atlanta , Georgia —, J.B . Pritzker, Matt McClain, I've, he's Organizations: Maryland Gov, NRA, Black, Republicans, Democratic, Democratic Party, Democrats, GOP, Maryland National Guard, Maryland State House, Washington Post, National Guard, US, 82nd Airborne Division, Gazette, Baltimore, Johns Hopkins University, Baltimore's Brooklyn Homes, Guardians, Capital Gazette, AP, National Rifle Association, Morehouse College —, Democratic Gov, Illinois, Washington, Getty, of Commerce Locations: ANNAPOLIS , Maryland, Maryland, Annapolis, Afghanistan, Pittsburgh , Pennsylvania, Buffalo , New York, Baltimore's Brooklyn, Sr, Md, Atlanta , Georgia

☆ The Mediterranean 'island of cats' is facing disaster as 300,000 felines are estimated to have died from COVID, say animal advocates
▼ + stars: | 2023-07-15 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

An outbreak of feline coronavirus is killing off cats on a Mediterranean island known for its strays. In Cyprus, it is estimated that there are as many cats as there are humans, and it issometimes called the 'island of cats.' But 300,000 have died after a coronavirus outbreak that causes feline infectious peritonitis (FIP), per media reports quoting Dinos Ayiomamitis of animal rights groups Cat Paws Cyprus and Cyprus Voice for Animals. A new strain of feline coronavirus, Feline infectious peritonitis (FIP) -- which is not transmittable to humans -- is wreaking havoc on the cat population of Cyprus, known by some as the "island of cats." Veterinarian Kostis Larkou tends to a cat suffering from Feline Infectious Peritonitis (FIP), at clinic in Nicosia on June 20, 2023.

Persons: issometimes, felines, Dinos, CHRISTINA ASSI, Ayiomamitis, Demetris Epaminondas, Kostis Larkou, Danièlle Gunn, Moore, Nicholas of Organizations: Service, Animals, Cornell University, Getty, Pancyprian Veterinary Association, Daily Mail, University of Edinburgh Locations: Wall, Silicon, Cyprus, Southern Europe, Nicosia, AFP, Lebanon, Turkey, Israel, St

Second-biggest token Ether had its best session since March and Ripple , which a U.S. judge ruled could be legally sold on public crypto exchanges, soared 73%. "The regulatory environment is changing," said Matthew Dibb, chief investment officer at crypto asset manager Astronaut Capital. He said further cases would probably shed more light on how courts will treat private crypto offerings. The world's biggest asset manager, BlackRock (BLK.N), filed to launch a bitcoin exchange traded fund last month and earlier in July exchange operator Cboe (CBOE.Z) refreshed its filing for a similar fund to be run by asset manager Fidelity. "For the first time in a while, it's been consistently positive news coming though and that means you've got momentum."

Persons: Bitcoin, Matthew Dibb, Justin d'Anethan, Greg Moritz, FTX, Sam Bankman, Alex Mashinsky, We'd, Chris Weston, it's, Vidya Ranganathan, Simon Cameron, Moore Organizations: Capital, BlackRock, Fidelity, Investors, Solana, Commodity Futures, Commission, Tab, Traders, U.S, SEC, Thomson Locations: SINGAPORE, U.S, Asia, Keyrock, Hong Kong, reining, China, noncomplicance, Melbourne, Singapore

☆ Asia stocks set for best week of 2023, dollar reels on dovish Fed bets
▼ + stars: | 2023-07-14 | by ( Kevin Buckland | ) www.reuters.com time to read: +4 min

Gold was poised for its best week in three months as the dollar floundered, while crude oil rose to the highest in nearly three months. U.S. E-mini equity futures also pointed to a 0.16% lower restart for the S&P 500 (.SPX), after the index rallied 0.85% overnight. Meanwhile, the U.S. dollar index - which measures the currency against six major peers - edged about 0.1% lower to touch 99.637 for the first time since April of last year. "The dollar index can probably trade down toward 98 over the coming weeks without too many problems," said IG's Sycamore. It has rallied nearly 2% this week.

Persons: Gold, we've, Tony Sycamore, HSI, Korea's, Michele Bullock, Kevin Buckland, Simon Cameron, Moore Organizations: Federal, Treasury, IG, Japan's Nikkei, U.S, Bank of Japan's, Reserve Bank of Australia, Brent, . West Texas, Thomson Locations: TOKYO, Sydney, Asia, Pacific, Japan, Australia

☆ Saudi golf shot plays through CFIUS hazards
▼ + stars: | 2023-07-14 | by ( Jennifer Saba | ) www.reuters.com time to read: +8 min

U.S. congressional lawmakers scrutinized PGA Tour officials on Tuesday this week about the group’s tie-up with a rival golf tournament owned by Saudi Arabia. Enter the Saudis, who launched an upstart golf tournament last year, LIV Golf, that competed with the U.S.-based PGA Tour and its European counterpart DTP. There are worries that Saudi Arabia, a regime viewed as hostile to women and LGBTQ groups, would have significant sway over golf’s culture. LIV Golf is owned by Saudi Arabia Public Investment Fund. Former AT&T Chief Executive Randall Stephenson resigned from the PGA Tour policy board, the Washington Post reported on July 9.

Persons: State Condoleezza Rice, Darla Moore, Covid, LIV Golf, Phil Mickelson, Brooks Koepka, Yasir Al, Ed Herlihy, Wachtell, Lipton, Katz, hasn’t, Randall Stephenson, Jamal Khashoggi, ”, Richard Blumenthal, –, Sherrod Brown, Maxine Waters, Janet Yellen, LIV Golf’s, Joe Biden hasn't, Saudi Arabian Crown Prince Mohammed bin Salman, Khashoggi, Uncle Sam, Refinitiv, China’s ByteDance, LIV, Stephenson, Lauren Silva Laughlin, Sharon Lam Organizations: YORK, Reuters, Public Investment Fund, Augusta National Golf Club, State, U.S, PGA, LIV, Rosen, Breakingviews, Former AT, PGA Tour, Saudi, Department of Justice, Foreign Investment, U.S . Treasury, Saudi Arabian Crown, Walmart, Visa, Uber Technologies, Nation Entertainment, National Basketball League, Houston Rockets, People’s, NBA, backtrack, FIFA, Qatar, The Justice Department, Treasury, Committee, Homeland Security, Governmental Affairs, Saudi Arabia Public Investment Fund, T, Washington Post, Thomson Locations: Saudi Arabia, United States, American, U.S, South Carolina, Iran, China, Saudi, Hong Kong, People’s Republic, Beijing

☆ 'The Blacklist' series finale review: The James Spader series checks off its final name with an overdue finish (SPOILERS)
▼ + stars: | 2023-07-14 | by ( Brian Lowry | ) edition.cnn.com time to read: +2 min

Editor’s Note: The following contains spoilers about “The Blacklist” two-part series finale, “Raymond Reddington.”CNN —Like a lot of things in Hollywood, “The Blacklist” didn’t know when to quit, hanging on for two listless seasons beyond the exit of Megan Boone as Liz Keen in 2021. Yet the show at least knew to provide viewers with a pretty definitive ending, as it did with the two-part series finale that officially bid farewell to James Spader’s oily master criminal Raymond “Red” Reddington. While the precise fate of the task force remained somewhat murky, that seemed like a bit of an afterthought. With Reddington gone, “The Blacklist” had checked off the one name that really mattered, in a show that, other than its usefulness to NBC, should have left Reddington to rest in peace years ago. Correction: An earlier version of this story misspelled Dembe's name.

Persons: “ Raymond Reddington, Megan Boone, Liz Keen, James, Raymond “ Red, Toby Leonard Moore, Dembe, Hisham Tawfiq, Reddington, Bob Dylan, Pat Garrett, Billy the, –, Donald Ressler, Diego Klattenhoff, Spader, Keen Organizations: CNN, FBI, NBC Locations: Hollywood, Spain

A U.S. judge said on Thursday that Ripple Labs Inc did not violate securities law by selling its XRP token on public exchanges. Although the decision was specific to the individual case, it unleashed a wave of optimism among crypto investors that more cryptocurrencies may also not be deemed securities. Still, the enthusiasm for some was tempered by a report from the Wall Street Journal that Binance, the world's largest cryptocurrency exchange, has laid off more than 1,000 people in recent weeks. "The regulatory environment is changing," said Matthew Dibb, chief investment officer at crypto asset manager Astronaut Capital. Still, crypto investors have taken encouragement from the world's biggest asset manager, BlackRock (BLK.N), filing to launch a bitcoin exchange traded fund last month.

Persons: XRP, Coinbase, Bitcoin, Matthew Dibb, Justin d'Anethan, Binance.US, bode, Sam Bankman, Alex Mashinsky, Patrick Hillmann, Hillmann, We'd, Chris Weston, it's, Vidya Ranganathan, Simon Cameron, Moore, Alex Richardson, Josie Kao Organizations: Labs, U.S . Securities, Exchange Commission, Wall Street, Capital, SEC, U.S, Wall, Twitter, BlackRock, Fidelity, Thomson Locations: SINGAPORE, WASHINGTON, U.S, California , New Jersey, South Carolina, Wisconsin, Asia, Keyrock, Hong Kong, XRP, reining, China, Binance, Melbourne, Singapore

The Kremlin said on Monday that Putin had held talks with Wagner commanders and Prigozhin at a meeting on June 29, five days after the mutiny. But Kommersant, one of Russia's top newspapers, published Putin's remarks to its most experienced Kremlin correspondent, Andrei Kolesnikov, which suggested the future of Prigozhin and Wagner was in doubt. "But Wagner does not exist," Putin told Kommersant when asked if it would be preserved as a fighting unit. "All of them could have gathered in one place and continued to serve," Kommersant quoted Putin as saying. "'No, the boys won't agree with such a decision'," Putin quoted Prigozhin as saying.

Persons: Putin, Wagner, Prigozhin Biden, Vladimir Putin, Yevgeny Prigozhin, Andrei Kolesnikov, Prigozhin, Joe Biden, I’d, Biden, Ron Popeski, Nick Starkov, Rosalba O'Brien, Simon Cameron, Moore Organizations: Kommersant, Kremlin, Ukraine, Thomson Locations: MOSCOW, Belarus, Afghanistan, Chechnya, St Petersburg, Russian, Rostov, United States, Russia

☆ What investors need to know about the crossover between A.I. and crypto
▼ + stars: | 2023-07-13 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

It's an opportunity worth watching for investors, and crypto speculators have recently been doing just that. Grayscale Investments recently highlighted three potential risks posed by AI that crypto could potentially limit – identity verification, centralization and data ownership and privacy. Accredited U.S. investors can gain direct exposure to AI-related crypto protocols by investing in private venture fundraising rounds, he added. "So far in 2023, venture capitalists have invested $422 million in crypto applications related to AI, privacy, and identity," according to Grayscale. "In total, the crypto-AI intersection represents more than 10% of total crypto venture capital (VC) funding to date, including two out of the four largest funding rounds."

Persons: —, memecoin influencer Elon Musk, Jack O'Holleran, O'Holleran, William Ogden Moore, Andreessen Horowitz, Sam Altman, Smart, We've Organizations: Nvidia, CNBC Locations: U.S, Gensyn

☆ Floods force Indian capital to shut schools, offices, and plan water rationing
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: +3 min

[1/7] Men walk across a road flooded due to the high water level of the river Yamuna after heavy monsoon rains, New Delhi, India, July 13, 2023. Video footage showed submerged roads in the downtown area, where government and private companies' offices are located, with water half-way up the sides of parked cars. "Due to closure of water treatment plants, the supply of water will be affected by up to 25%. Flash floods in the state over the weekend brought down a bridge and washed away several clusters of hutments. Roads have been washed away during heavy rains in the mountainous Uttarakhand state, its chief minister told reporters on Wednesday.

Persons: Adnan Abidi, Arvind Kejriwal, Kejriwal, Krishna N, Shivam Patel, Simon Cameron, Moore Organizations: REUTERS, India Meteorological Department, Civil, Das, Thomson Locations: New Delhi, India, DELHI, Delhi, Himachal Pradesh, Haryana, Uttarakhand

☆ ASEAN struggles for unity on Myanmar conflict
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: +4 min

The cause of the delay was unclear but an ASEAN official said a communique was being finalised and would be released soon. ASEAN chair Indonesia on Wednesday urged the group's foreign ministers to remain united in tackling the escalating violence in Myanmar. Malaysia, a vocal critic of the junta, urged ASEAN to strongly condemn the junta's actions, including violence. RIFTS APPARENTRifts within ASEAN over Myanmar were highlighted when Thailand invited Myanmar military officials to a meeting last month aimed at "re-engaging" with the junta. Indonesia, as ASEAN chair this year, is working behind the scenes to bring all stakeholders in the Myanmar conflict together for informal talks, but diplomats say it is struggling to make headway.

Persons: Zambry Abdul Kadir, Antony Blinken, Wang Yi, Don Pramudwinai, Don, Myanmar's, Aung San, Aung San Suu Kyi, Malaysia's Zambry, Suu Kyi's, Kate Lamb, Stanley Widianto, Kanupriya Kapoor, Rob Birsel, Simon Cameron, Moore Organizations: Myanmar's, Association for Southeast Asian Nations, ASEAN, Junta, Indonesia, Wednesday, Myanmar, Thai Foreign, National Unity Government, Thomson Locations: JAKARTA, Jakarta, Myanmar, Malaysia, United States, China, Russia, Thailand, Cambodia, Laos, Vietnam, Indonesia, Singapore, Philippines, Aung San Suu, Naypyitaw

☆ Top diplomat says China, ASEAN pushing ahead with free trade area talks
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: +2 min

[1/2] China's Director of the Office of the Central Foreign Affairs Commission Wang Yi, Indonesian Foreign Minister Retno Marsudi and Russia's Foreign Minister Sergei Lavrov attend a meeting in Jakarta, Indonesia, July 12, 2023. REUTERS/Ajeng Dinar UlfianaBEIJING, July 13 (Reuters) - China and the Association of Southeast Asian Nations (ASEAN) are pushing ahead with talks on a third version of a free trade agreement at an ASEAN summit in the Indonesian capital of Jakarta, China's top diplomat Wang Yi said on Thursday. The Regional Comprehensive Economic Partnership (RCEP) is the world's largest trade bloc backed by China. "We will continue to deepen the comprehensive strategic partnership with ASEAN," Wang said. According to customs data on Thursday, the value of China-ASEAN two-way trade hit $447.3 billion in January-June, down 1.5% year-on-year.

Persons: Central Foreign Affairs Commission Wang Yi, Retno Marsudi, Sergei Lavrov, Wang Yi, Wang, Lv Daliang, Liz Lee, Ellen Zhang, Bernard Orr, Clarence Fernandez, Simon Cameron, Moore Organizations: Central Foreign Affairs Commission, Russia's, REUTERS, Association of Southeast Asian Nations, ASEAN, Economic, Trans, Pacific, Thomson Locations: Indonesian, Jakarta, Indonesia, BEIJING, China, China's, Asia, Pacific, Australia, Japan, U.S, ASEAN

SEOUL, July 12 (Reuters) - LG Electronics (066570.KS) said on Wednesday it is targeting 100 trillion won ($77 billion) in sales by 2030 and plans some 50 trillion won of investment as the South Korean company announced its future strategy. "LG Electronics will tranform its business portfolio... increase profits by growing in business-to-business, and transition to a service business," CEO William Cho told a press conference. In 2022, LG reported about 65 trillion won in consolidated sales excluding affiliate LG Innotek (011070.KS), which makes device components such as camera modules for smartphones. That would be up from more than 80 trillion won ($61.72 billion) as of end-March, according to an eBest Investment & Securities report on Monday. On Friday, LG Electronics estimated its second-quarter operating profit rose 12.7% from a year earlier to 892.7 billion won, its second-largest April-June quarter profit ever.

Persons: William Cho, 1,292.1700, Hyunsu Yim, hyang Choi, Joyce Lee, Ed Davies, Simon Cameron, Moore Organizations: LG Electronics, South Korean, LG, Investment, Securities, Thomson Locations: SEOUL, KS

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