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☆ U.K. Reveals 5 Espionage Arrests After BBC Reports Russia Link
▼ + stars: | 2023-08-15 | by ( Isabella Kwai | More About Isabella Kwai | ) www.nytimes.com time to read: +1 min

Specialist officers from a unit of the force that covers national security policing, carried out the arrests after an investigation, the police statement said, but none of the five have been formally charged with espionage. The statement did not address the BBC report directly. Three of the people were identified by both the BBC and by the police as Orlin Roussev, 45; Biser Dzambazov, 42; and Katrin Ivanova, 32. The police said they had been separately charged with possessing false identification documents with “improper intention.” The BBC report said they had been charged with possessing false documents, including passports and identity cards for Britain, Bulgaria, Croatia, the Czech Republic, France, Greece, Italy, Spain and Slovenia. The police said that Mr. Roussev lived in the eastern English county of Norfolk, and that Mr. Dzambazov and Ms. Ivanova lived in the London district of Harrow.

Persons: Orlin Roussev, Biser Dzambazov, Katrin Ivanova, Roussev, Dzambazov, Ivanova Organizations: London Metropolitan Police, BBC Locations: Britain, Bulgaria, Croatia, Czech Republic, France, Greece, Italy, Spain, Slovenia, English, Norfolk, London, Harrow

☆ First Solar audit reveals forced labor at Malaysia factory
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +2 min

Miniatures of solar panel and electric pole are seen in front of First Solar logo in this illustration taken January 17, 2023. REUTERS/Dado Ruvic/Illustration/file photo Acquire Licensing RightsCompanies First Solar Inc FollowAug 15 (Reuters) - Top U.S. solar panel maker First Solar (FSLR.O) on Tuesday said an audit of its manufacturing operations had uncovered unethical labor practices at its Malaysia factory, sending the company's shares down about 5%. The revelation is the latest to tie the fast-growing solar energy industry to concerns about forced labor. First Solar said it had taken steps to return passports, wages and recruitment fees to the affected workers. First Solar also produces panels in the U.S. and Vietnam, and is planning to open a factory in India.

Persons: Dado Ruvic, Nichola Groom, Jonathan Oatis, Marguerita Choy Organizations: REUTERS, U.S, Thomson Locations: Malaysia, Xinjiang, Tempe , Arizona, U.S, Vietnam, India

☆ Hollywood studios make new offer to striking screenwriters, Bloomberg News reports
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +1 min

SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line during their ongoing strike outside Sunset Bronson studios and Netflix offices in Los Angeles, California, U.S., August 11, 2023. REUTERS/Mario Anzuoni/File PhotoAug 14 (Reuters) - Hollywood studios have made a new offer to striking screenwriters that includes concessions on issues such as use of artificial intelligence and access to viewer data, Bloomberg News reported on Monday citing people familiar with the discussions. The Alliance of Motion Picture & Television Producers has agreed to ensure humans are credited as writers of screenplays, rather than replacing them with AI, the report said, adding that the companies will also share data on the number of hours viewed on streaming services. Netflix (NFLX.O) Co-Chief Executive Officer Ted Sarandos has emerged as a strong force seeking to reach a deal with the writers, the report added. Reporting by Kanjyik Ghosh in Bengaluru; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

Persons: Mario Anzuoni, Ted Sarandos, Kanjyik Ghosh, Kim Coghill Organizations: Writers Guild of America, Netflix, REUTERS, Hollywood, Bloomberg, Alliance, Television Producers, Thomson Locations: Sunset Bronson, Los Angeles , California, U.S, Bengaluru

The day is “full of honor and pride for Afghans,” Taliban deputy spokesperson Bilal Karimi told CNN. “Afghanistan was freed from occupation, Afghans were able to regain their country, freedom, government and will. “There is no such thing as women’s freedom anymore,” said Mahbouba Seraj, an Afghan women’s rights activist and 2023 Nobel Peace Prize nominee. “The women in Afghanistan are being slowly erased from society, from life, from everything – their opinions, their voices, what they think, where they are.”Video Ad Feedback 'They can't go to school? “The only reason why I’m in Afghanistan and I’m staying here is to be next to my sisters and try to help them,” said Seraj, the women’s rights activists.

Persons: Zahra, ”, “, ” Zahra, Bilal Karimi, Zahra –, Mahbouba Seraj, CNN “, I’m, who’ve, ” Zabiullah Mujahid, haven’t, Heather Barr, Seraj, Mahbouba, “ They’re, they’re, Barr, what’s Organizations: CNN, “, Nations, United Nations, CNN “ I’m, UN, Taliban, Human Rights Locations: Afghanistan, Kabul, States, “ Afghanistan, Zahra, Afghan, United

The rally in the chipmaker's stock pushed the information technology index (.SPLRCT) 1.85% higher, making it the strongest of 11 S&P 500 sector indexes. The S&P 500 climbed 0.58% to end the session at 4,489.72 points. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. Declining stocks outnumbered rising ones within the S&P 500 (.AD.SPX) by a 1.1-to-one ratio. The S&P 500 posted 8 new highs and 11 new lows; the Nasdaq recorded 50 new highs and 192 new lows.

Persons: Tesla, Morgan Stanley, Jay Hatfield, Brendan McDermid, Goldman Sachs, Alex Chriss, Amruta Khandekar, Saeed Azhar, Arun Koyyur, Maju Samuel, David Gregorio Our Organizations: Nvidia, China AMC, Nasdaq, Dow, Chipmaker Micron Technology, Dow Jones, Infrastructure Capital Advisors, NVIDIA, Walmart, New York Stock Exchange, REUTERS, Traders, Fed, PayPal Holdings, Intuit, AMC Entertainment, Hawaiian Electric Industries, Thomson Locations: China, New York, New York City, U.S, Delaware, Maui, Lahaina, Bengaluru

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. Nvidia's (NVDA.O) gain pushed the information technology index (.SPLRCT) higher, making it the strongest of 11 S&P 500 sector indexes. Other megacap growth stocks including Alphabet (GOOGL.O), and Amazon.com (AMZN.O) also posted gains, as did chipmaker Micron Technology (MU.O). According to preliminary data, the S&P 500 (.SPX) gained 26.28 points, or 0.59%, to end at 4,490.33 points, while the Nasdaq Composite (.IXIC) gained 143.81 points, or 1.05%, to 13,788.66. The Nasdaq and S&P 500 fell last week after hotter-than-expected U.S. producer prices data fanned concerns that the Federal Reserve could keep U.S. interest rates higher for longer.

Persons: Brendan McDermid, Tesla, Morgan Stanley, Jay Hatfield, Goldman Sachs, Alex Chriss, Amruta Khandekar, Saeed Azhar, Arun Koyyur, Maju Samuel, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, China AMC, Nasdaq, Nvidia, Micron Technology, Dow Jones, Infrastructure Capital Advisors, NVIDIA, Federal Reserve, Walmart, Traders, Fed, PayPal Holdings, Intuit, AMC Entertainment, Hawaiian Electric Industries, Thomson Locations: New York City, U.S, China, New York, Delaware, Maui, Lahaina, Bengaluru

☆ Man arrested after Malaysian Airlines plane from Sydney to Kuala Lumpur forced to turn around mid-flight
▼ + stars: | 2023-08-14 | by ( Alex Stambaugh | Jake Kwon | ) edition.cnn.com time to read: +1 min

CNN —A 45-year-old man has been arrested after he allegedly disrupted a Malaysian Airlines flight from Sydney to Kuala Lumpur, which was forced to turn around mid-flight and land back in Sydney International Airport on Monday. “The man is expected to be charged later tonight,” according to a spokesman for the Australian Federal Police. “Malaysia Airlines flight MH122 on 14 August 2023 returned to Sydney International Airport due to a disruptive passenger on board. Sydney International Airport said in a statement to CNN that 32 domestic flights, including 16 inbound and 16 outbound, were canceled with other domestic flights experiencing delays of up to 90 minutes. “Currently there are no international flight cancellations,” the airport said.

Persons: “ Organizations: CNN, Malaysian Airlines, Sydney International Airport, Australian Federal Police, Police, Twitter, “ Malaysia Airlines, Sydney International Locations: Sydney, Kuala Lumpur

☆ Australian police charge man over bomb threat on Malaysia Airlines flight
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +1 min

Malaysia Airlines planes sit on the tarmac at Kuala Lumpur International Airport July 21, 2014. U.S. Secretary of State John Kerry laid out what he called overwhelming evidence of Russian complicity in the shooting down of Malaysia Airlines flight MH17 as international horror deepened over the fate of the victims' remains. REUTERS/File PhotoSYDNEY, Aug 15 (Reuters) - Australian police on Tuesday charged a man after he allegedly claimed to have explosives on board a Malaysia Airlines flight from Sydney to Kuala Lumpur, forcing it to return to Sydney. Flight MH122 left Sydney on Monday afternoon for Malaysia and returned to Sydney about three hours later after the passenger "allegedly became disruptive" during the flight, police said. There were no international flight cancellations.

Persons: John Kerry, MH122, Renju Jose, Stephen Coates Organizations: Malaysia Airlines, Kuala, REUTERS, Australian Federal Police, Malaysia, Police, Sydney Airport, Thomson Locations: Kuala Lumpur, Sydney, Canberra

☆ Mount Etna eruption disrupts Sicily's troubled Catania airport
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +1 min

[1/3] Mount Etna, Europe's most active volcano, lights up the night sky with eruptions as seen from Rocca Della Valle, Italy, August 13, 2023. Etna Walk/Marco Restivo/ Handout via REUTERSCATANIA, Sicily, Aug 14 (Reuters) - Flights serving the eastern Sicilian city of Catania were halted on Monday after an eruption from nearby Mount Etna, local authorities said, bringing fresh travel woe to the crisis-plagued Italian airport. The 3,330 metre (10,925 ft) high volcano burst into action overnight, firing lava and ash high over the Mediterranean island. Flights to and from Catania, a popular tourist destination, would be suspended until 8:00 p.m. (1800 GMT), the airport said on Twitter. The latest cancellations at Catania airport, which attracts more arrivals than the island's capital, Palermo, came a month after a fire at a terminal building led to weeks of disruptions for passengers.

Persons: Rocca Della Valle, Marco Restivo, Enrico Trantino, Crispian Balmer, Conor Humphries Organizations: REUTERS, Twitter, Catania, Thomson Locations: Etna, Italy, Handout, REUTERS CATANIA, Sicily, Sicilian, Catania, Mount Etna, Palermo

☆ China's economic challenges gather steam as new loans plunge, property fears loom
▼ + stars: | 2023-08-14 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Real estate problems persist with once-healthy developer Country Garden now on the brink of default. Real estate dragChina's massive real estate sector, where the majority of household wealth is parked, has reemerged as an area of concern that it could drag down the broader economy. Developer Country Garden announced over the weekend it was suspending trading in at least 10 of its mainland-China traded yuan bonds. The more the government tries to help the real estate industry, the longer it takes for the industry to find a reasonable bottom. State-owned developers have also fared better in terms of recent sales than non-state-owned developers, data show.

Persons: Aly Song, Lu Ting, corporates, Xiangrong Yu, Goldman Sachs, Louis Lau Brandes, Louis Lau Organizations: Bund, Reuters, Nomura, Citi New, Citi, Garden, ., Country Garden's U.S, China U.S, Goldman, Louis Lau Brandes Investment Partners, Brandes Investment Partners Locations: Pudong, Shanghai, China, Reuters BEIJING, Japan, today's China, corporates, State, South Korea

REUTERS/David Dee Delgado/File PhotoNEW YORK, Aug 14 (Reuters) - Sam Bankman-Fried will prepare for his fraud trial from a Brooklyn jail where inmates ranging from convicted sex trafficker Ghislaine Maxwell to Honduras' former president have complained of subpar conditions. In recent years, MDC has been plagued by persistent staffing shortages, power outages and maggots in inmates' food. Earlier this year, a guard pleaded guilty to accepting bribes to smuggle in drugs. It is now the jail housing detainees awaiting federal trials in New York City, after the Manhattan Correctional Center closed in 2021 for improvements. Reporting by Luc Cohen in New York; Editing by Noeleen Walder and Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, David Dee Delgado, Fried, Ghislaine Maxwell, District Judge Lewis Kaplan, Maxwell, Jeffrey Epstein, Hannibal Lecter's, Epstein, Kaplan, Juan Orlando Hernandez, Guo Wengui, Hernandez, Luc Cohen, Noeleen Walder, Daniel Wallis Organizations: FTX, REUTERS, District, Detention, MDC, The U.S . Bureau of Prisons, Manhattan Correctional Center, MCC, Fox, U.S . State Department, Thomson Locations: Manhattan, New York City, U.S, Brooklyn, Honduras, Palo Alto , California, Brooklyn's, United States, Florida, The, Putnam County, Bahamas, Chinese, New York

☆ Zelenskyy fires recruitment officials for accepting $10,000 bribes. Almost all Ukrainians think the country has a problem with corruption, survey suggests.
▼ + stars: | 2023-08-13 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +4 min

In a poll, 77.6% of Ukrainians said Zelenskyy was responsible for government corruption. It came out as Zelenskyy fired all the heads of Ukraine's regional military committees. The poll came out as President Volodymyr Zelenskyy launched an investigation into bribery related to military recruitment. Zelenskyy: Recruitment bribes at a time of war is 'high treason'On Friday, Zelenskyy said he dismissed the heads of Ukraine's regional military committees as investigations into corruption in Ukraine continued, particularly in its armed-forces recruitment. "We are dismissing all regional military commissars," a statement on Zelenskyy's official Telegram channel said.

Persons: Zelenskyy, Volodymyr Zelenskyy, Petro Burkovskyi, Burkovskyi, Joe Biden Organizations: Service, Russia, Kyiv International Institute of Sociology, US Agency for International, Ilko, Democratic, Foundation, commissars, BBC News, National Agency on Corruption Prevention, Newsweek Locations: Ukraine, Wall, Silicon, Spain

☆ Fed officials are divided, but holding rates steady in September seems likely
▼ + stars: | 2023-08-13 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Washington, DC CNN —Federal Reserve officials meet next month to determine whether to raise interest rates for the 12th time to cool the economy or hold them steady. Some officials think the Fed has already raised its benchmark lending rate enough to curb inflation, but others think it’s too soon to tap the brakes. Philadelphia Fed President Patrick Harker echoed that sentiment in a speech last week, saying “I believe we may be at the point where we can be patient and hold rates steady.”Other Fed officials agree. “Inflation is still significantly above” the Fed’s 2% target, Fed governor Michelle Bowman said last week at an event in Atlanta. The Federal Reserve releases minutes from its July policymaking meeting as well as July figures on industrial production.

Persons: ” Rajeev Sharma, ”, Jerome Powell, Patrick Harker, “, Raphael Bostic, there’s, Michelle Bowman, ” Carol Schleif, ” Schleif, Katie Lobosco, Brinker Organizations: CNN Business, Bell, DC CNN — Federal Reserve, Key Private Bank, CNN, “, Fed, Financial, Philadelphia Fed, Atlanta Fed, BMO Family Office, Internal Revenue, Tax Administration, IRS, Kansas City Tax Processing, Fresno Tax Processing, China’s National Bureau of Statistics, Depot, US Commerce Department, Target, Federal Reserve, Walmart Locations: Washington, Jackson Hole , Wyoming, Atlanta, Kansas, Fresno

☆ Ukraine's river raiders defy mosquito-infested bogs and the fear of being drowned by their body armor to harass Russian invaders
▼ + stars: | 2023-08-13 | by ( Nathan Rennolds | Julian Kossoff | ) www.businessinsider.com time to read: +4 min

A unit commander told the Kyiv Independent that they needed more powerful boats. "We attack them where they least expect us," the military unit commander told the outlet. A map showing where the city of Kherson is in relation to the Dnipro river. But it added that it was "unclear if Russian forces possess the mechanized reserves necessary to do so." The unit commander told the outlet the river raiders Ukraine need more powerful boats.

Persons: who've, Kozachi Laheri Organizations: Kyiv Independent, Service, 124th Territorial Defense Brigade, Russian, Daily Telegraph, Ukraine's Armed Forces, for Locations: Dnipro, Wall, Silicon, Ukraine's, Russian, Kherson Oblast, Kyiv, Ukrainian, Ukraine, Kherson, autmun, Kozachi, Russia

☆ CBS News chief Neeraj Khemlani reportedly stepping down
▼ + stars: | 2023-08-13 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Neeraj Khemlani, president of CBS News, at the annual White House Correspondents' Association Dinner in Washington, U.S., April 29, 2023. Neeraj Khemlani, the president and co-head of CBS News and Stations, is stepping down from his role, according to a Sunday report from Variety. In his current role, Khemlani is responsible for running CBS News, its local stations and popular programs like "Face the Nation," "60 Minutes" and "CBS Evening News." It is not immediately clear who will succeed Khemlani, but CBS could announce the new executive as soon as Monday, Variety said. Before joining the network, Khemlani spent more than 10 years at Hearst, where he held a number of leadership roles like executive vice president of Hearst Newspapers, president of Hearst Entertainment and Syndication and chief creative officer.

Persons: Neeraj Khemlani, Khemlani, Variety, shakeup, CNN's Chris Licht Organizations: CBS, White, Correspondents, Variety, CBS Evening, Paramount, Hearst, Hearst Newspapers, Hearst Entertainment, Media Locations: Washington , U.S

BEIJING, Aug 13 (Reuters) - The death toll from a mudslide last week in China's northwestern Shaanxi province has risen to four, state radio said on Sunday, as the country grapples with unusually high summer rainfall. TYPHOON WEAKENSMeanwhile, Typhoon Khanun weakened into a tropical depression when it made landfall in China's Liaoning province on Friday night. Overnight rainfall in Liaoning peaked at 52 millimetres (2 inches) per hour, with four reservoirs exceeding flood limits, CCTV said. A video posted by state media People's Daily showed thick swirling clouds hanging low above the ground, darkening the sky. Reporting by Andrew Hayley and Ethan Wang; Editing by Raju Gopalakrishnan and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Typhoon Khanun, Khanun, Doksuri, Andrew Hayley, Ethan Wang, Raju Gopalakrishnan, Jamie Freed Organizations: China Central Television, Xinhua, Liaoning province's Anshan, Flood, Drought, Ministry of Emergency Management, CCTV, Thomson Locations: BEIJING, China's, Shaanxi, Xian, China's Liaoning, Liaoning, Tianjin, Chongqing, China, Xinjiang

BEIJING, Aug 13 (Reuters) - The death toll from a mudslide last week in China's northwestern Shaanxi province has risen to four, state radio said on Sunday. State-owned China Central Television (CCTV) had earlier reported that Friday's mudslide in the city of Xi'an, which followed heavy rainfall in the region, left a total of 18 people dead or missing, with two confirmed casualties. Rescue work was underway with a total of 81 people and 11 vehicles deployed at the site，the state radio report said. Towns and cities across northern China have been lashed by torrential rain and flooding in recent weeks causing multiple deaths and extensive damage, after Typhoon Doksuri made landfall in the country on July 28. Reporting by Andrew Hayley; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

Persons: Typhoon Doksuri, Andrew Hayley, Raju Gopalakrishnan Organizations: Sunday . State, China Central Television, Thomson Locations: BEIJING, China's, Shaanxi, Xi'an, Towns, China

☆ A revolution in weight loss treatment may force a reckoning for food and beverage companies
▼ + stars: | 2023-08-13 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +10 min

One such prediction came Monday from Morgan Stanley analysts who forecasted a 1.3% drop in calorie consumption in the U.S. by 2035. The shift in behavior is notable because it will affect a sizeable demographic group that represents a disproportionate share of food consumption, the analysts said. In fact, some patients taking these medicines say they have to sometimes force themselves to eat due to a lack of appetite. These types of patterns were seen in consumer research Morgan Stanley conducted in June and July among 300 patients taking these medicines. Keurig Dr Pepper, with its coffee business accounting for about 30% of corporate sales, offers some diversification from at-risk beverage categories, Morgan Stanley said.

Persons: you've, Morgan Stanley, Pamela Kaufman, Read, Campbell, Mondelez, Eli Lilly's Mounjaro, Morgan Stanley's, Morgan, John David Rainey, We've, we're, Rainey, Dara Mohsenian, Eric Serotta, Dr Pepper Organizations: Hostess Brands, Hershey, Nordisk's Ozempic, Centers for Disease Control, Food and Drug Administration, Novo Nordisk, Industry, Lawmakers, Walmart Locations: U.S, Cava

☆ U.S., Japan to develop hypersonic missile interceptor - Yomiuri
▼ + stars: | 2023-08-13 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Tim KellyTOKYO, Aug 13 (Reuters) - Japan and the U.S. will agree this week to jointly develop an interceptor missile to counter hypersonic warheads being developed by China, Russia and North Korea, Japan's Yomiuri newspaper said on Sunday. Officials at Japan's Ministry of Foreign Affairs could not be reached for comment outside business hours. Unlike typical ballistic warheads, which fly on predictable trajectories as they fall from space to their targets, hypersonic projectiles can change course, making them more difficult to target. An agreement would be the second such collaboration in missile defence technology. Washington and Tokyo developed a longer-range missile designed to hit warheads in space, which Japan is deploying on warships in the sea between Japan and the Korean peninsula to guard against North Korean missiles strikes.

Persons: Marine's Camp Foster, Tim Kelly TOKYO, Joe Biden, Fumio Kishida, Biden, Yoon Suk, Antony Blinken, Lloyd Austin, Yoshimasa Hayashi, Yasukazu Hamada, Tim Kelly, William Mallard Organizations: U.S, Marine's, REUTERS, Japan's Yomiuri, Japanese, Japan's Ministry of Foreign Affairs, Yomiuri, North Korean, Thomson Locations: Ginowan, Okinawa, Japan, U.S, China, Russia, North Korea, Camp David, Maryland, Washington, Tokyo

☆ A small plane made a dramatic emergency landing on a busy British road at rush hour — here's why pilots train to land on highways
▼ + stars: | 2023-08-12 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

A small plane was forced to make an emergency landing on a highway in England on Friday evening. A small plane was forced to make a dramatic emergency landing in the middle of a busy British highway on Friday after it suffered a suspected engine failure. The unexpected landing was likely caused by an in-flight engine failure, Gloucestershire Airport Director Jason Ivey told the BBC. The Air Accidents Investigation Branch has opened an investigation into the incident, Gloucestershire Airport said in an X post. — Glos Airport Ltd (@GlosAirport) August 11, 2023Gloucestershire Police and Gloucestershire Airport did not immediately respond to requests for comment from Insider.

Persons: Jason Ivey, Aircraft, Andrew Treulich, Treulich Organizations: Police, Local, Gloucestershire, BBC, Gloucestershire Airport, Glos, Gloucestershire Police, Pilots, FAA Locations: England, Gloucestershire

☆ Soccer fans caught burning or ripping money in Argentina face up to 30 days in prison as the country cracks down on those mocking its high inflation
▼ + stars: | 2023-08-12 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Soccer fans caught burning and tearing up money in Argentina could face up to 30 days in prison. The Agency for the Prevention of Violence in Sport says the act is an "incitement to quarrel." Some soccer fans have taken to tearing up and burning bank bills at matches in Argentina as a way of ridiculing the value of the Argentine peso. Argentina's Agency for the Prevention of Violence in Sport said that soccer fans caught damaging the bills could face up to 30 days in prison, local media outlet LT7 Noticias reported. A video published on X appears to show fans of the Brazilian team Corinthians burning a peso bill while taunting home fans.

Persons: Lionel Messi, Argentinians Organizations: Soccer, Agency, Service, Argentine, Argentina's Agency, Sport, Brazilian, Corinthians, Boys Locations: Argentina, Wall, Silicon, Brazil, Chile, Rosario , Santa Fe

☆ Country Garden shares hit record low on loss forecast, restructuring fears
▼ + stars: | 2023-08-11 | by ( Clare Jim | ) www.reuters.com time to read: +3 min

The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. Country Garden declined to comment. Country Garden told Reuters this week that it had not been able to make $22 million of dollar coupon payments on time, though both have 30-day grace periods. The shares shed as much as 14.4% on Friday morning to a record low of HK$0.89 ($0.1139), having lost 38% of their value so far this week. Country Garden forecast the large first-half loss in filings on Thursday, and said that it would take measures to meet its debt obligations and fix operational issues to get the company back on track.

Persons: Aly, Yicai, CICC, Garden's, Clare Jim, Himani Sarkar, Jamie Freed Organizations: Shanghai Country Garden, REUTERS, HK, China International Capital Corporation, Garden, Reuters, China Evergrande, Sunac China Holdings, Communist Party, Industry, Thomson Locations: Shanghai, China, HONG KONG, Hong Kong

☆ Microsoft's role in data breach part of US cyber inquiry -Bloomberg News
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +1 min

A Microsoft logo is seen in Los Angeles, California U.S. November 7, 2017. REUTERS/Lucy Nicholson/File PhotoCompanies Microsoft Corp FollowAug 10 (Reuters) - A U.S. cybersecurity advisory panel will investigate risks in cloud computing that will also include Microsoft Corp's (MSFT.O) role in the recent breach of government department email systems by suspected Chinese hackers, Bloomberg News reported on Thursday. That access was used to spy on the communications of U.S. Commerce Secretary Gina Raimondo and senior State Department diplomats. The U.S. House of Representatives Oversight Committee last week said it was opening an investigation into China's suspected involvement in recent breaches of Commerce and State department email systems. Reporting by Gokul Pisharody in Bengaluru; Editing by Himani Sarkar and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Lucy Nicholson, Ron Wyden, Gina Raimondo, CISA, Gokul, Himani Sarkar, Jamie Freed Organizations: Microsoft, Los Angeles , California U.S, REUTERS, Bloomberg, Federal Trade Commission, Infrastructure Security Agency, Justice Department, U.S . Commerce, State Department, U.S . House, Commerce, Thomson Locations: Los Angeles , California, U.S, Oregon, Bengaluru

☆ The US housing market hits a record value of $47 trillion as the inventory shortage fuels a price boom
▼ + stars: | 2023-08-11 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

The US housing market just reached a new all-time high valuation of $47 trillion, Redfin reported. Low inventory has pushed up home values, according to a Redfin analysis of 90 million US residences. The report said a shortage of homes has been propping up housing values, based on a Redfin estimate on more than 90 million US residential properties. Notably, the housing market has now offset the $2.9 trillion decrease in value that happened between June 2022 and February 2023 as a result of rising mortgage rates. "The dominance of the 30-year fixed rate mortgage in America is propping up home values," Redfin economist Chen Zhao said.

Persons: Redfin, Chen Zhao, they're, That's, Zhao Organizations: Service Locations: Wall, Silicon, America, Los Angeles, U.S

☆ IRS cannot find millions of backup tax records, watchdog says
▼ + stars: | 2023-08-11 | by ( Katie Lobosco | ) edition.cnn.com time to read: +3 min

Washington CNN —The Internal Revenue Service cannot locate thousands of microfilm cartridges storing millions of sensitive business and individual tax account records, a new watchdog report found. The tax information could be used to commit tax refund fraud, according to the Treasury Inspector General for Tax Administration, the office that conducted the report. During a site visit, the IRS was unable to locate any of the fiscal year 2010 microfilm cartridges that should have been sent to the Kansas City Tax Processing Center in 2022 after the Fresno Tax Processing Center closed. Separately, at the Ogden Tax Processing Center, IRS personnel were unaware of the current location of as many as 168 cartridges that had been sent out for reformatting, the report said. The IRS is also digitizing all paper-filed tax returns by 2025, which is expected to cut processing times in half and speed up refunds by four weeks, the agency said last week.

Persons: Ken Corbin, Biden Organizations: Washington CNN, Internal Revenue, Tax Administration, IRS, Kansas City Tax Processing, Fresno Tax Processing, Ogden Tax Processing Center, Democrats, Republicans Locations: Kansas, Fresno

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