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☆ Amid US pressure, Dutch announce new chip equipment export rules
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +1 min

AMSTERDAM, June 30 (Reuters) - The Dutch government on Friday announced new rules restricting exports of certain advanced semiconductor equipment, a move that comes amid U.S. pressure on its allies to curb sales of hi-tech components to China. "We have taken this step in the interest of our national security" said Trade Minister Liesje Schreinemacher, adding such equipment may have military applications. The rules, which will require companies that make advanced chipmaking equipment to seek a licence before they can export it, are expected to go into effect on Sept. 1. A technical document specifying which equipment will require a licence accompanied the announcement. Reporting by Toby Sterling Editing by Andrew Heavens and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Liesje Schreinemacher, Toby Sterling, Andrew Heavens, Mark Potter Organizations: Thomson Locations: AMSTERDAM, China

☆ Photos of the Titan sub's wreckage support the theory that the carbon-fiber hull failed first, expert says
▼ + stars: | 2023-06-30 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +8 min

Glimpses of the wrecked Titan submersible wreckage were seen as its remains were brought ashore. Though it's difficult to know for sure, the carbon fiber hull likely failed first, an expert told Insider. The titanium structural rings are intactAn annotated picture of the titanium structural rings pulled from the wreckage of the Titan submersible. OceanGate Expeditions' controversial Titan submersible is thought to have imploded within hours of its descent towards the Titanic wreckage on June 18. These were encased in a metal cage that would have been bound to the carbon fiber hull.

Persons: —, Jasper Graham, Jones, OceanGate, Graham, it's, David Lochridge, It's, Paul Daly Organizations: Service, US Coast Guard, & Marine Engineering, Plymouth University, Titan, CBC News, Canada's CBC, Expeditions, Graham, OceanGate Expeditions, Reuters, Canadian Press, AP

☆ Titanic submersible: A robot is combing the sea floor for debris from the implosion as a multinational investigation begins
▼ + stars: | 2023-06-26 | by ( Nouran Salahieh Samantha Beech | Nouran Salahieh | Samantha Beech | ) edition.cnn.com time to read: +8 min

The US Coast Guard has convened a Marine Board of Investigation to probe the implosion – the “highest level of investigation the Coast Guard conducts,” US Coast Guard chief investigator Capt. Military experts found debris from the ill-fated submersible about 1,600 feet from the bow of the Titanic on Thursday, the US Coast Guard previously said. “This case has been extremely complex, involving a coordinated international, interagency and private sector response in an unforgiving and difficult to access region of the ocean,” US Coast Guard Rear Adm. John Mauger, the First Coast Guard District commander, said Sunday. The Coast Guard announced the vessel suffered a “catastrophic implosion,” killing everyone on board. Pelagic's remotely operated vehicle Odysseus 6 is lifted out of the ocean after searching for debris from the Titan submersible on June 22, 2023.

Persons: Jason Neubauer, ” Neubauer, “, ” Kathy Fox, Kent Osmond, John Mauger, Hamish Harding, Paul, Henri Nargeolet, Shahzada Dawood, Suleman, Odysseus, Neubauer, Paul Hankins, Jeff Mahoney, Mahoney, Rush, ” Rachel Lance, ”, Karl Stanley, ” Stanley, OceanGate, Guillermo Sohnlein, ” Sohnlein Organizations: CNN, US Coast Guard, Marine Board, Investigation, Coast Guard, Authorities, Prince, Transportation, Board of Canada, Royal Canadian Mounted Police, RCMP, Polar Prince, US, Guard, First Coast Guard District, OceanGate Expeditions, Stockton Rush, Titan, Research, Research Services, Salvage Operations, Ocean Engineering, Deep Energy, US Navy, Navy, Duke University, Rush Locations: Canada, St, John’s, British, French, Bahamas

☆ Voice recordings and data from the mother ship that carried the Titanic-bound submersible before it imploded will be examined, investigators say
▼ + stars: | 2023-06-25 | by ( Nouran Salahieh Samantha Beech | Nouran Salahieh | Samantha Beech | ) edition.cnn.com time to read: +6 min

“The content of those voice recordings could be useful in our investigation,” Fox said. Communications between the submersible and its mother ship will also likely be scrutinized. The ship could communicate with the submersible by text messages, and it’s required to communicate every 15 minutes, according to the archived website of OceanGate Expeditions. The vehicles will work to map out the vessel’s debris field, which is more than 2 miles deep in the North Atlantic, Mauger said. When asked for comment about Stanley’s email, a spokesman for OceanGate told CNN they were unable to provide any additional information at this time.

Persons: ” Kathy Fox, John’s, ” Fox, John Mauger, Hamish Harding, Paul, Henri Nargeolet, Shahzada Dawood, Suleman, Kent Osmond, OceanGate, Guillermo Sohnlein, ” Sohnlein, “, Mauger, Paul Hankins, Jeff Mahoney, Mahoney, Rush, Karl Stanley, ” Stanley Organizations: CNN, Transportation, Board of Canada, US Coast Guard, Stockton Rush, OceanGate Expeditions, Communications, Titan, Getty, Royal Canadian Mounted Police, RCMP, National Transportation Safety Board, US, Guard, Salvage Operations, Ocean Engineering, Research Services, Deep Energy, Rush, “ Locations: St, Newfoundland and Labrador, British, French, AFP, Bahamas

CNN —Tennis player Elina Svitolina called her opponent, Russian Daria Kasatkina, a “brave one” following the Ukrainian’s upset win on Sunday. Last month, Kasatkina, Russia’s top-ranked female tennis player, also expressed her sympathy for Ukrainian tennis players who refuse to shake her hand after matches. She’s [a] really brave person to say it publicly, that not so many players did,” Svitolina said, after advancing to the quarterfinals of the French Open. “She’s a brave one.”Instead of a hand shake, Kasatkina gave her opponent a thumbs up at the net after losing match point. Russian and Belarusian players are currently still competing on the tours as neutral athletes without their flag or country displayed.

Persons: Elina Svitolina, Daria Kasatkina, Svitolina, “, ” Kasatkina, Kasatkina, ” Svitolina, Benoit Tessier, it’s, ” Sabalenka, Sabalenka, ” Organizations: CNN —, New York Times, Ukrainian, Svitolina, Reuters, – Locations: Belarusian, Ukraine, Ukraine – Belarus, Russia

☆ Biden signs debt ceiling deal into law, averting historic default
▼ + stars: | 2023-06-03 | by ( Clare Foran | ) edition.cnn.com time to read: +1 min

CNN —President Joe Biden signed into law Saturday a bill to suspend the nation’s debt limit through January 1, 2025, to avert a first-ever US default. Suspending the debt limit through early 2025 takes the threat of default off the table until after next year’s presidential election. In addition to addressing the debt limit, the law caps nondefense spending, expands work requirements for some food stamp recipients and claws back some Covid-19 relief funds, among other policy provisions. The bipartisan deal to address the debt limit was struck between the White House and House Republicans – the culmination of long days and late nights of contentious negotiations that at times looked like they might break down and fall apart entirely. The House passed the bill on Wednesday and the Senate passed it on Thursday.

Persons: Joe Biden Organizations: CNN, White, House Republicans, Treasury Department

☆ Andrew Tate claims he’s a force for good. Others say he spreads a ‘misogynistic rape culture’
▼ + stars: | 2023-06-02 | by ( Sophie Tanno | ) edition.cnn.com time to read: +12 min

Emory Andrew Tate III is a 36-year-old professional fighter-turned media personality from Chicago who has racked up billions of views online for his rants about male dominance, female submission and wealth. In the years since, he has become a divisive online content creator with the self-proclaimed “misogynist” suspended from all major social media platforms. ‘Daily diet of misogyny’Tate has been accused of pedaling hateful views online and making his controversial lifestyle appealing to young and vulnerable audiences. Introduce the topic by saying you have read about Andrew Tate and ask if they have heard of him,” she suggested. According to Drummond, schools are being proactive in starting conversations that allow adolescent males to explore issues surrounding Tate and his ideology.

Persons: Andrew Tate, Lucy Williamson, Tate, “, ”, Williamson, I’ve, I’m, ” Tate, Jayne Butler, Tristan, Emory Andrew Tate, “ misogynist ”, Elon Musk, Vadim Ghirda, Greta Thunberg, ’ Tate, Hope, Georgie Laming, Tate’s misogynist, ” Laming, Alicia Drummond, ” Drummond, Drummond, Laming, Tommy Robinson, YouTuber Paul Joseph Watson, Alex Jones, “ Tate, Andreea Alexandru, can’t Organizations: London CNN, Wales, American, Twitter, Facebook, YouTube, Media, Elon, AP Tate, Romania’s, CNN, Tate, Management Agency, Hate Locations: Romania, England, British, Chicago, Bucharest, Britain, United States, Australia, “

☆ GOP lawmaker says Kevin McCarthy is 'emasculating himself' by striking a debt ceiling deal with Biden and calls for his removal as House speaker
▼ + stars: | 2023-05-30 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +3 min

GOP Rep. Dan Bishop called for Kevin McCarthy's removal as House speaker after he struck a debt ceiling compromise with Biden. "All you're hearing from the mainstream media is Kevin McCarthy is an adult. Kevin McCarthy is a leader. Kevin McCarthy is responsible," Bannon said. Biden announced the debt ceiling deal on Sunday, saying it would take the threat of a "catastrophic default off the table."

Persons: Dan Bishop, Kevin McCarthy's, Biden, it's, Bishop, McCarthy, emasculating, —, Joe Biden, who's, excoriated McCarthy, Steve Bannon, Donald Trump's, Kevin McCarthy, Bannon, they're, Biden White, overreach Organizations: Republicans, Service, North Carolina Rep, Caucus, Republican, GOP, Democratic, North, White, Biden Locations: North Carolina

Section Four of 14th Amendment, adopted after the 1861-1865 Civil War, states that the "validity of the public debt of the United States ... shall not be questioned." WHERE DOES THE WHITE HOUSE STAND ON THE 14TH AMENDMENT? HOW WOULD MARKETS REACT IF BIDEN USES THE 14TH AMENDMENT? Administration officials and economists have said that a default triggered by a debt-ceiling breach would roil the world financial system and plunge the United States into recession. That immediate catastrophe might be avoided if Biden invoked the 14th Amendment.

☆ Ron DeSantis: What to expect from his presidential campaign
▼ + stars: | 2023-05-20 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +10 min

Ron DeSantis is expected to make his presidential campaign official next week. WOLF: More than any other Republican, DeSantis has generated national media scrutiny and buzz that he could be the candidate best positioned to challenge Trump. Are he and his advisers concerned that all that attention has not translated to a stronger position in GOP primary polls? CONTORNO: As we previously reported several months ago, DeSantis’ political operation believes he has the money and the name recognition to launch a national campaign out of the gate. CONTORNO: Some of Trump’s top advisers once ran DeSantis’ political operation, and several former Trump operatives and donors are now in DeSantis’ camp, so the sniping is already becoming pronounced.

☆ Premarket: Turkey's big economic gamble looks set to continue
▼ + stars: | 2023-05-19 | by ( Mark Thompson | ) edition.cnn.com time to read: +6 min

In an exclusive interview with CNN on Thursday, Erdogan promised to continue cutting interest rates to tackle soaring prices if he is re-elected on May 28, my colleague Olesya Dmitracova reports. “Please do follow me in the aftermath of the elections, and you will see that inflation will be going down along with interest rates,” Erdogan told CNN’s Becky Anderson. “I have a thesis that interest rates and inflation, they are directly correlated. As price hikes started to accelerate around the world in late 2021, Erdogan ordered Turkey’s central bank to slash interest rates. The weekly claims attributed to Massachusetts fell by 14,042 on a non-seasonally adjusted basis, representing three-quarters of the decline of 18,605 claims.

☆ Turkey economy: Erdogan vows to keep cutting rates to bring inflation down
▼ + stars: | 2023-05-19 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +4 min

London CNN —Turkey’s President Recep Tayyip Erdoğan has promised to continue with his unorthodox policy of cutting interest rates to reduce sky-high inflation if he is re-elected on May 28. “I have a thesis that interest rates and inflation, they are directly correlated. The lower the interest rates, the lower the inflation will be,” Erdoğan told CNN. “In this country, the inflation rate will come down along with the interest rates, so that we will come to a point where people will be relieved. This is not an illusion.”Soaring pricesIn late 2021, as price rises started to accelerate around the world, Erdoğan ordered Turkey’s central bank to slash interest rates.

☆ New York Mayor Eric Adams to bus asylum seekers upstate, much like Texas Gov. Greg Abbott bussed asylum seekers to New York City
▼ + stars: | 2023-05-06 | by ( Katie Balevic | ) www.businessinsider.com time to read: +5 min

Eric Adams is sending asylum seekers in New York City to upstate New York, drawing criticism from local officials. Greg Abbott for sending migrants from Texas to New York City. In doing so, Adams appears to be passing asylum seekers off – just as Texas Gov. Greg Abbott did when he had migrants bussed from his state to New York, the Associated Press reported. In the last year, some 60,000 asylum seekers have arrived in New York City, the mayor's office said in Friday's press release.

☆ Dominion’s case against Fox News goes to trial next week. Is the First Amendment really on the line?
▼ + stars: | 2023-04-16 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +21 min

But even by the standards of the profession, the language in Dominion's $1.6 billion lawsuit against Fox News has been downright apocalyptic. A victory for Dominion against Fox, they say, could wreak havoc for other journalism organizations across the country. The sheer closeness between Trump and Fox News makes a case like this unlikely to harm journalism organizations down the line, Goodale said. The vast majority of defamation cases against media organizations are settled, which gives few high-profile precedents to the Dominion lawsuit. "And that's the balance that the Sullivan court strike tried to strike in 1964.

☆ Xi is trying to humiliate Biden by driving a wedge between him and his European allies as part of a global power play
▼ + stars: | 2023-04-14 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

China's president is seeking to exploit differences among Western allies, analysts say. Chinese President Xi Jinping (R) welcomes German Chancellor Olaf Scholz at the Grand Hall in Beijing in 2022. Spain's Prime Minister, Pedro Sanchez, and Olaf Scholz, Germany's chancellor, are among the European leaders Xi has hosted. Russian President Vladimir Putin and China's President Xi Jinping make a toast following their talks in Moscow on March 21, 2023. But Freudenstein cautioned European leaders against the belief that Xi can act as a mediator with Putin.

☆ Abby Grossberg, ex-Fox News producer, escalates lawsuit against network, adds CEO Suzanne Scott as defendant
▼ + stars: | 2023-04-13 | by ( Marshall Cohen | ) edition.cnn.com time to read: +3 min

In explosive lawsuits filed last month, Abby Grossberg claimed Fox lawyers bullied her into protecting the network and its on-air personalities in her deposition for the Dominion Voting Systems’ case. Grossberg now accuses Scott of being complicit in the alleged coercion, according to her amended lawsuit. The network fired Grossberg after she initiated the litigation. The topic of potentially missing or withheld evidence is looming large over the Dominion case. Dominion has said that it plans to call Grossberg as a witness as part of its case against Fox News.

The chart showed that Serbia declined to provide training to Ukrainian forces, but had committed to sending lethal aid or had supplied it already. It also said Serbia had the political will and military ability to provide weapons to Ukraine in the future. The Pentagon also did not immediately respond to Reuters questions about the document's reference to Serbia and has previously declined to comment on any of the leaked documents. Vucic's government has professed neutrality in the Ukraine war, despite the country's deep historic, economic and cultural ties with Russia. "We didn't export any weapons or ammunition to Russia or Ukraine," he said during a March 5 visit to Qatar.

☆ 5 things the Supreme Court will take into account in medication abortion case
▼ + stars: | 2023-04-12 | by ( Ariane De Vogue | ) edition.cnn.com time to read: +10 min

CNN —As the Supreme Court prepares for yet another controversial abortion case to come its way, the justices will pore over District Court Judge Matthew Kacsmaryk’s ruling last week to block the government’s approval of the key medication abortion drug at issue. “There are serious questions on whether the Supreme Court is willing to endorse the district’s court’s very broad approach to those questions,” he said. As he often does, Supreme Court Justice Brett Kavanaugh wrote separately last June to explain his thinking in voting to overturn Roe v. Wade. The Supreme Court might also take issue with the relief that Kacsmaryk ordered. None other than the liberals on the Supreme Court who dissented in Dobbs.

Kashtanova received a copyright in September, and declared on social media that it meant artists were entitled to legal protection for their AI art projects. Copyright Office suddenly reversed itself, and Kashtanova became the first person in the country to be stripped of legal protection for AI art. A spokesperson for the copyright office declined to comment. Copyright Office, petitioned the U.S. Supreme Court and has a patent case before the U.K. Supreme Court. REUTERS/Shannon Stapleton 1 2 3 4Meanwhile, many artists and companies that own creative content fiercely oppose granting copyrights to AI owners or users.

☆ Credit Suisse whistleblowers say Swiss bank has been helping wealthy Americans dodge U.S. taxes for years
▼ + stars: | 2023-03-29 | by ( Eamon Javers | ) www.cnbc.com time to read: +14 min

In this article CSCSG.N-CH Follow your favorite stocks CREATE FREE ACCOUNTA sign of Credit Suisse bank is seen at their headquarters in Zurich on March 20, 2023. "To date, no Credit Suisse employees involved in the scheme have faced any consequences from the United States government for their participation." "It's not a question of whether Swiss banks continue to do this, it's a question of which Swiss banks still do this." In a statement to CNBC, a Credit Suisse spokeswoman said it does not tolerate tax evasion. "DOJ must correct its lax oversight of Credit Suisse and hold Credit Suisse accountable for any violations of its plea agreement," he said.

☆ Iran isn't worried about the US attacking it, but Biden has other ways to cut a deal with Tehran
▼ + stars: | 2023-03-28 | by ( John Reid Wilcox | Defense Priorities | ) www.businessinsider.com time to read: +6 min

While the Iran nuclear deal may never be revived, there are still ways to engage and avoid conflict. Sanctions relief and good-faith engagement can go a long way to ease tensions and avoid a nuclear Iran. Faced with unrelenting US pressure, Iran's leaders are regularly meeting with Russian and Chinese officials and pledging unprecedented levels of cooperation. American policymakers today face a key inflection point in the bilateral relationship, and the "no nuclear deal, no crisis" dynamic appears increasingly unsustainable. Donald Trump with a copy of the memorandum withdrawing the US from the Iran nuclear deal.

☆ Footage shows police killing Nashville school shooter as investigators seek motive
▼ + stars: | 2023-03-28 | by ( Sandra Stojanovic | ) www.reuters.com time to read: +6 min

The Metropolitan Nashville Police Department began receiving calls about a shooter at 10:13 a.m., police spokesperson Don Aaron told reporters. Investigators were examining a "manifesto" written by the 28-year-old former student at the Covenant School, hoping to learn what motivated the latest U.S. mass shooting. Monday's violence marked the 90th school shooting – defined as any incident in which a gun is discharged on school property – in the United States this year, according to the K-12 School Shooting Database, a website founded by researcher David Riedman. He said the Covenant School was singled out for attack but that the individual victims were targeted at random. Also shot dead were Mike Hill, 61, a school custodian; Cynthia Peak, 61, a substitute teacher; and Katherine Koonce, 60, listed on the Covenant website as "head of school."

Working stocks in underground storage amounted to 1,900 billion cubic feet on March 17, according to the U.S. Energy Information Administration (EIA), the highest for the time of year since 2020 and before that 2017. Stocks were 242 billion cubic feet (+15% or +0.54 standard deviations) above the prior ten-year seasonal average (“Weekly natural gas storage report”, EIA, March 23). The seasonal storage surplus was a total transformation from a deficit of 263 billion cubic feet (-8% or -0.98 standard deviations) on Jan. 1 and 427 bcf (-13% or -1.52 standard deviations) on Sept. 9. But liquefied natural gas (LNG) exports increased to a record 3,866 billion cubic feet, an even faster increase of 8.6% compared with 2021. Related columns:- U.S. gas prices near record low amid over-production (Feb. 22)- U.S. gas prices slump to maximise power burn (Feb. 10)- U.S. gas prices slump on production surplus (Jan. 12)John Kemp is a Reuters market analyst.

☆ Premarket stocks: What comes next in the banking crisis? The early 1990s hold clues
▼ + stars: | 2023-03-14 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

This isn’t 2008: There are some key differences between today’s banking saga and what happened in 2008. This time around the US federal government stepped in early to guarantee all customer deposits and restore confidence in the US banking system. Here comes CPIFormer banking regulators, economists and Wall Street analysts are increasingly calling for the Federal Reserve to pause its inflation-fighting interest rate hikes because of the current banking sector chaos. Last Wednesday, investors were putting 70% odds of a half-point interest rate hike at the Federal Reserve policy meeting next week, according to the CME FedWatch tool. Analysts expect the inflation rate to come in at 6% year-over-year (down from 6.4% in January) and at 0.4% month-over-month (down from 0.5% in January).

☆ Chick-fil-A is making another attempt to crack the international market with a $1 billion investment
▼ + stars: | 2023-03-13 | by ( Nancy Luna | ) www.businessinsider.com time to read: +3 min

By going abroad, Chick-fil-A will compete with US-based rivals such as KFC and McDonald's, which have been in Asia for years. Chick-fil-A restaurants generate higher revenue per location than any other US chain. In the US, Chick-fil-A is the third largest restaurant chain, in terms of sales, according to market research firm Technomic. Only McDonald's and Starbucks generate more revenue than Chick-fil-A, which reported sales of $16.7 billion in 2021. Chick-fil-AIt's unclear how many restaurants the chain would build abroad, but it is targeting five international markets by 2030, Cathy told the Journal.

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