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At four-year private colleges, it now costs $39,400, according to the College Board, which tracks trends in college pricing and student aid. Many students borrow to cover the tab, which has already propelled collective student loan debt in the U.S. past $1.7 trillion. The share of parents taking out federal parent PLUS loans to help cover the costs of their children's college education has also grown, NerdWallet found. High schoolers are also putting more emphasis on career training and post-college employment, a recent report by ECMC Group found. How to avoid taking on too much student debt
Persons: Sarah Foster, NerdWallet, Parker O'Neill Organizations: College Board, Bankrate.com, The Institute, College, National Center for Education Statistics, Century College, ECMC Group Locations: U.S, White Bear Lake , Minnesota
On June 1, the same video was shared on TikTok with caption references to Libya in hashtags (here). “Libyan authorities are active in wide areas in Libya, so Libyan armed forces launched a security campaign days ago, to fight trafficking gangs and drugs trade and human beings,” the BBC presenter reported. “Libyan authorities found thousands of illegal immigrants arrested in the houses and farms of the traffickers. Libyan authorities decided to deport them, there were Egyptians among those immigrants.”VERDICTMiscaptioned. The video shows the deportation to Egypt of migrants found living illegally in Libya, with no evidence that the migrants are on their way to Italy.
Persons: , Read Organizations: Eastern Libyan Forces, Facebook, Twitter, Rescue Watch, , Libyan, BBC, Reuters Locations: Italy, Libya, Egypt, hashtags,
June 29 (Reuters) - The U.S. antitrust regulator is planning to file a suit targeting Amazon.com's (AMZN.O) core online marketplace in the coming weeks, Bloomberg News reported on Thursday, citing documents and people familiar with the matter. The agency's antitrust case targeting Amazon's online marketplace has been in the works for a long time, according to the report. Amazon got the FTC notice for initial investigation in June 2019, Bloomberg reported, citing documents. Those documents included questions about how using Amazon's warehousing and delivery services impacted third-party sellers’ product placements in its online marketplace, including boxes on the website that give products additional prominence. The two companies had entered into a deal to sell Apple iPhones, iPads and other devices on Amazon's marketplace in 2018.
Persons: Lina Khan's, Joe Biden's, Chavi Mehta, Anil D'Silva, Pooja Desai Organizations: Bloomberg, U.S . Federal Trade Commission, Amazon, Big Tech, FTC, Apple Inc, Apple, Thomson Locations: Bengaluru
June 28 (Reuters) - Binance's European banking partner Paysafe Payment Solutions Ltd will stop supporting the U.S. cryptocurrency exchange from Sept. 25, CoinDesk reported on Wednesday. The crypto exchange will be changing the provider for euro deposits and withdrawals through the Single Euro Payments Area (SEPA), while the current partner — Paysafe — will no longer be providing these services to Binance users, the report said, citing Binance's spokesperson. Paysafe and Binance did not immediately respond to a Reuters request for comment. The report comes as Binance faces scrutiny from regulators keen to clamp down on money laundering. Reporting by Rishabh Jaiswal in Bengaluru; Editing by Rashmi Aich and Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.
Persons: CoinDesk, — Paysafe, Binance, Paysafe, Rishabh, Rashmi Aich, Sherry Jacob, Phillips Organizations: U.S, Securities and Exchange Commission, Thomson Locations: Britain, Bengaluru
A Moscow company handed employees weapons during the Wagner rebellion, a report said. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyA Moscow company handed employees weapons as fighters from the Wagner private army approached the Russian capital on Saturday, The Moscow Times reported. The outlet said that rich Muscovites fled the city on private planes, while other armed themselves to fight, as soldiers bore down on the capital seeking to oust Russian military leaders. After a televised address by Russian President Vladimir Putin, in which he branded the mutineers traitors and vowed to defeat them, one state-owned company handed out guns to employees, the outlet reported. Russian military and security services put up hasty barriers and dug up roads as they prepared to defend the capital from the fighters on Saturday.
Persons: Wagner, , Muscovites, Vladimir Putin, Sergey Sobyanin, Yevgeny Prigozhin, Volodymyr Zelenskyy Organizations: Fighters, Moscow, Kremlin, Service, Moscow Times, Moscow's, Reuters Locations: Moscow, Russian, Ukraine, Belarus
Chinese spy balloon used US tech to spy on Americans-WSJ
  + stars: | 2023-06-29 | by ( ) www.reuters.com   time to read: +1 min
June 28 (Reuters) - The Chinese spy balloon that passed over the U.S. early this year used American technology that helped it collect audio-visual information, the Wall Street Journal reported on Wednesday, citing preliminary findings from a closely held investigation. The findings support a conclusion that the craft was intended for spying, and not for weather monitoring as China had claimed, the report said. But the balloon did not seem to send data from its eight-day passage over Alaska, Canada and some other contiguous US states back to China, WSJ said. In February, the U.S. shot down the balloon, which had flown over sensitive military sites, sparking a diplomatic crisis. Reporting by Shubhendu Deshmukh in Bengaluru; Editing by Muralikumar Anantharaman & Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.
Persons: Shubhendu Deshmukh, Muralikumar Anantharaman, Simon Cameron, Moore Organizations: Wall Street, Federal Bureau of Investigation, Thomson Locations: U.S, China, Alaska, Canada, Bengaluru
BEIJING, June 29 (Reuters) - The value of Chinese debt relief decreased by over 50% between 2021 and 2022, a report from Rhodium Group showed, with Angola alone receiving two thirds of deferrals despite China backing multilateral efforts to standardise support for poor countries. As the world's largest bilateral creditor, China is central to talks on making tangible progress in providing debt relief to emerging and frontier markets through the Group of 20-led "Common Framework" as well as the World Bank and International Monetary Fund (IMF). And although debtor countries did secure a large volume of deferrals in 2021 - the year the World Bank's Debt Service Suspension Initiative (DSSI) morphed into the G20's Common Framework - that fails to explain fully the sharp drop in the value of Chinese debt relief since. China's most visible action on debt relief was writing off zero-interest loans, the report added, while warning that fewer such loans will be available for China to write off in the coming years. Reporting by Joe Cash; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.
Persons: Joe Cash, Chizu Organizations: World Bank, International Monetary Fund, IMF, Thomson Locations: BEIJING, Angola, deferrals, China, Pakistan, Kenya, Republic of Congo, Zambia, Chad, Ethiopia, Ghana
The Kremlin is searching for traitors in the Russian military, a report said. It comes after the Wagner mercenary group launched a mutiny aimed at toppling military chiefs. The Kremlin believes the rebellion may've had broader military backing. According to Washington DC-based think tank The Institute for the Study of War (ISW), a well-sourced Russian military blogger claimed that "large-scale purges" had been launched of Russian military commanders and that the Russian Ministry of Defence is currently undergoing a "crash test" for loyalty. Prigozhin claimed to have extensive backing for his mutiny among Russian military members, but wider backing for the rebellion did not materialize on Saturday.
Persons: Wagner, , Vladimir Putin, Putin, Yevgeny Prigozhin, Viktor Zolotov, Sergei Surovokin, Surovikin, Prigozhin, Sergei Shoigu Organizations: Kremlin, Service, Washington DC, Russian Ministry of Defence, Financial Times, Russian, New York Times Locations: Ukraine, Russia, Rostov, Moscow, Belarus
GENEVA, June 29 (Reuters) - Geneva Airport said some of its employees were planning to stage a strike on Friday that was likely to cause flight delays and cancellations at the start of the summer travel season. "Flight delays and cancellations are likely." In a separate notice on its website, the airport called on passengers to arrive two and a half hours before their flights. The airport said the strike was called after its board of directors approved a salary policy that freezes pay increases for some employees. Geneva Airport is a hub for diplomats and officials travelling to the United Nations.
Persons: Gabrielle Tétrault, Farber, Mark Potter Organizations: Geneva Airport, Geneva, United Nations, Thomson Locations: GENEVA
The emergence of OpenAI's large-language model ChatGPT has spurred investor excitement over AI, helping stocks with direct or perceived exposure to AI soar. AI stocks led the stock market in the first half of the year, with leading AI chipmaker Nvidia touching a $1 trillion market capitalization in May. Jefferies maintains a buy rating on Alphabet stock with a $150 per share price target, or about 25% upside from Wednesday's $120.18 close. The bank has a $280 per share price target on the Facebook parent, or about 2% below Wednesday's $285.29 close. Thill "believes META is best positioned to take advantage of the AI opportunity vs. social peers TikTok and Snap," the Jefferies report said.
Persons: Jefferies, isn't, Mark Lipacis, Mark, Bard, Brent Thill, Lloyd Byrne, TikTok Organizations: Jefferies Equity Research, Nvidia, Intel, Microsoft, Jefferies, Google, Chevron, . Energy, Facebook
The Russian ruble extended its slide, dipping to a 87.75-per-dollar level on Thursday. The mutiny may lead the US to consider supplying Ukraine with a new long-range missile. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. The US is now considering arming Ukraine with the Army Tactical Missile System after previously opposing it, sources told the Wall Street Journal. The ATACMS long-range missile would provide Kyiv with the ability to strike Russian targets farther beyond the frontlines, making on-the-ground support more challenging.
Persons: Wagner, , Andrei Belousov, Wagner's Yevgeny Prigozhin Organizations: Service, Moscow Saturday, Army Tactical Missile System, Wall Street, Russia Locations: Ukraine, Moscow, Russia, Russian
June 27 (Reuters) - UBS Group (UBSG.S) is looking to cut more than half of Credit Suisse's workforce from next month as a result of the bank's takeover, Bloomberg News reported on Tuesday. Bankers, traders, support staff in Credit Suisse's investment bank in London, New York, and in some parts of Asia are expected to bear the brunt, with almost all activities at risk, the report said. UBS and Credit Suisse declined to comment. Reuters had last week reported that UBS will cut Asia investment banking jobs at Credit Suisse next month, with significant reduction in investment bankers covering Australia and China. Earlier this month, UBS Chief Executive Sergio Ermotti warned of painful decisions about job cuts following the takeover of Credit Suisse, but did not give details about the number of potential layoffs.
Persons: Sergio Ermotti, Rishabh, Arun Koyyur Organizations: UBS, Bloomberg, . Bankers, Credit, headcount, Credit Suisse, Reuters, Thomson Locations: London , New York, Asia, Swiss, Australia, China, Bengaluru
Passengers aboard a Delta flight had to disembark using the jet slide Wednesday after their plane landed at Charlotte Douglas International Airport without part of its landing gear extended. An inflatable slide extends from a door of the plane and firefighters appear to be helping passengers disembark on the slide. "While this is a rare occurrence, Delta flight crews train extensively to safely manage through many scenarios and flight 1092 landed safely without reported injuries." Controllers saw that the nose landing gear doors were open, but the gear hadn't descended and the pilots landed the plane without the nose gear. Less than four hours after the landing, Skotarczak, the passenger from Buffalo, was at work, but only with his cellphone and a bottle of water.
Persons: I've, Chris Skotarczak, Charlotte, Skotarczak, Delta, Gregory A, Zahornacky Organizations: Charlotte Douglas International, Associated Press, Boeing, Air Lines, Federal Aviation Administration, National Transportation Safety, Embry, Riddle Aeronautical University, DC Locations: Buffalo , New York, Atlanta, Charlotte, Buffalo, Europe, U.S
CNN —A US judge on Tuesday dismissed the $100 million defamation lawsuit filed by American chess grandmaster Hans Niemann against Magnus Carlsen, among others, in an alleged cheating scandal which has rocked the sport, according to court documents. Niemann’s lawsuit, which was filed in October last year, came after an alleged cheating scandal which sent shockwaves through the sport. 1 Carlsen accused Niemann of cheating at the $350,000 Sinquefield Cup in St. Louis, Missouri. In his second amendment, Niemann alleged that Carlsen paid a friend $328 (€300) to shout “Cheater Hans” from the stands at the closing ceremony of a tournament. Fewer than 0.14% of players ever cheat on the site, according to the company’s report on Niemann’s alleged behavior.
Persons: Hans Niemann, Magnus Carlsen, Audrey Fleissig, Niemann’s, Carlsen, Daniel Rensch, Nakamura, ” Niemann, , Fleissig, Niemann, Hans Niemann’s, ” Craig Reiser, ” Nima H, Mohebbi, Jamie Wine, Magnus, Rensch –, Jose Mourinho, , Chess.com, , Niemann “, Hans, Hans ”, “ We’re, Erik Allebest, Rensch, ” Chess.com Organizations: CNN, Chess.com, Louis Chess Club Locations: Missouri, St, Louis , Missouri, Warsaw, Poland, American
New York CNN —The Small Business Administration distributed more than $200 billion in potentially fraudulent Covid-19 relief funds, according to a federal watchdog. At least 17% of the $1.2 trillion distributed by the SBA was wasted in fraud, the report found. Most of the fraud apparently happened through the EIDL funds, with the inspector general estimating more than $136 billion of fraudulent activity in that program. While the program successfully helped many companies pay workers during the pandemic, it was plagued by questionable lending and rampant fraud. To date, the agency has recovered nearly $30 billion in funds, according to the report.
Persons: Chris Steakhouse, Trump Organizations: New, New York CNN, Small Business Administration, SBA, Washington, PPP, Los Angeles Lakers Locations: New York
"The crucial capability gap in European defence is still political leadership," the Munich Security Report on European Defence said. The annual Munich Security Conference, usually held in February, is an influential global gathering of top policymakers and analysts to debate defence and security challenges. The report said Germany and France in particular were "missing in action" at a time when European Commission chief Ursula von der Leyen and EU top diplomat Josep Borrell are driving EU support for Kyiv and joint procurement initiatives. "Under the (Chancellor Olaf) Scholz government, Germany has faced recurrent criticism for its absence in EU defence questions," it said. "The onus is on Germany and France to win back trust," the report said, adding that time was of the essence in speeding up defence cooperation.
Persons: Emmanuel Macron, Olaf Scholz, Sarah Meyssonnier, Ursula von der Leyen, Josep Borrell, Chancellor Olaf, Scholz, Sabine Siebold, Mark Heinrich Our Organizations: Weimar, REUTERS, Munich Security, European Defence, Munich Security Conference, European Commission, Kyiv, Thomson Locations: Paris, France, BERLIN, Germany, Europe, Ukraine, Munich, Russia
LONDON, June 29 (Reuters) - Soaring inflation has hit the finances of the British royals, pushing up expenditure, Buckingham Palace said on Thursday, as it revealed King Charles had ordered the heating in royal homes to be turned down to cut emissions. The report said 1.6 million pounds ($2 million) had been spent by the royals on the queen's funeral and related events. The British government said in May it had cost an estimated 162 million pounds overall, which includes the cost of policing and security. He said gas and heating emissions had fallen 19%, partly driven by the king having the thermostats turned down, and a 43% decrease in travel emissions. "The royals have long hidden their true cost, which we have worked out to be at least 345 million pounds.
Persons: Buckingham, King Charles, Sovereign Grant, Michael Stevens, Queen Elizabeth's, Stevens, Charles, Prince William, Graham Smith, Prince Harry, Meghan, Prince Andrew's, Michael Holden, Rosalba O'Brien Organizations: Sovereign, Thomson Locations: England, Wales, Duchy, Cornwall, Windsor, Royal Lodge
LONDON, June 28 (Reuters) - Western central banks have been warned this week not to quit in the final lap of their monetary tightening campaign - the hard yards households and financial markets may now find exhausting. And yet, desperate for their members not to declare premature victory in getting inflation back to 2% targets or sow an assumption above-target inflation will eventually be tolerated, central bank watchdogs are cheerleading a last push. But that's not in forecasts this time around - with U.S. and UK headline inflation rates not back to target by the end of next year and the euro zone not even by then. 'Last Mile' of disinflationBIS chart on speed of disinflation'UNCOMFORTABLE TRUTHS'And the BIS message was echoed by the International Monetary Fund (IMF) on Monday. "Monetary policy should continue to tighten and then remain in restrictive territory until core inflation is on a clear downward path," she said.
Persons: that's, Gita Gopinath, Christine Lagarde, Lagarde, Jerome Powell's, John Williams, Williams, Joseph Little, Mike Dolan, Mark Potter Organizations: Bank for International Settlements, BIS, for Economic Cooperation, International Monetary Fund, Bank's, IMF, ECB, U.S . Federal Reserve, New York Fed, U.S, Bank of England, Global, HSBC Asset Management, Reuters, Twitter, Thomson Locations: Ukraine, Portugal
The preliminary report said Nissan had installed two sets of security cameras at the entrance to Gupta's house in Tokyo's Shibuya ward, the people said. Uchida and Gupta, who was still a Nissan director and chief operating officer on June 20, were recused from the board meeting. In his letter, Nada asked for an international law firm to be brought in to investigate the surveillance of Gupta. Reuters was unable to determine if either law firm had made any finding about the harassment claim itself, beyond how it was handled. Nada said in his letter he understood that Japanese law firm Anderson Mori & Tomotsune had investigated the claim.
Persons: Ashwani Gupta, Makoto Uchida, Davis Polk, Gupta, Uchida, Nissan, Akira Takeuchi, Hari Nada, Nada, Iwata Godo, Motoo Nagai, Nagai, Anderson Mori, Tomotsune, Daniel Leussink, Maki Shiraki, Kevin Krolicki, David Clarke Organizations: Nissan, Renault, Reuters, NEW, Senior Renault, Thomson Locations: Yokohama, Tokyo's Shibuya, Tokyo, French, Austin , Texas
Classiq/Handout via REUTERS/File PhotoJERUSALEM, June 28 (Reuters) - Fundraising by Israeli technology firms slumped 65% in the second quarter compared to the same period last year, data showed on Wednesday, as political turmoil in the country exacerbated a global slowdown in the sector. Israeli tech companies raised nearly $16 billion in 2022. But that was mainly in the first half, before the global economic slowdown, higher interest rates and weak stock markets hit. Between April and June, there were only 100 deals and only one was above $200 million, the report said. High-tech had been the fastest growing sector in Israel for a decade, accounting for 14% of jobs and almost a fifth of economic output.
Persons: Yoni Zimmermann, Steven Scheer, Conor Humphries Organizations: REUTERS, IVC Research, Israel Innovation Authority, LeumiTech, Thomson Locations: Tel Aviv, Israel, Handout, cybersecurity, Israeli
Wagner's aborted rebellion in Russia over the weekend was a chaotic mess that ultimately failed. That's the question anybody following the chaotic attempt by the Wagner mercenary group to stage a rebellion in Russia last weekend probably asked themselves. Prigozhin bailed on his plan, sent everyone home, and headed off to some kind of retirement in Belarus. The soldiers wouldn't need to look far for a motive: widespread hatred for defense minister Sergei Shoigu and army chief of staff Valery Gerasimov. Chief of the Russian General Staff Valery Gerasimov (L) and Russian Defence Minister Sergei Shoigu in late 2022.
Persons: Wagner's, Yevgeny Prigozhin, Prigozhin, , Wagner, Alexander Lukashenko, Associated Press Lukashenko, Sergei Shoigu, Valery Gerasimov, Staff Valery Gerasimov, Mikhail Metzel, Sergei Surovikin —, Gerasimov —, Surovikin, Putin Organizations: Service, Prigozhin Press, Associated Press, The New York Times, Times, Russian, Staff, Russian Defence, Sputnik, The Times, Shoigu, Street Locations: Russia, Rostov, Moscow, Russian, Belarus, Ukraine
Wagner leader Yevgeny Prigozhin had to accelerate the timeline of his mutiny, the WSJ reported. Russia's intelligence unit, otherwise known as Federal Security Service (FSB), became aware of Prigozhin's mutiny plans around 48 hours before it took place, which could in part explain its failure, the report said. The feud escalated dramatically several weeks before the failed rebellion when Shoigu announced that Wagner soldiers would have to sign contracts with his ministry. Prigozhin had initially thought that Russian soldiers would turn on their commanders and join the mutiny, The Wall Street Journal said. Western intelligence agencies were also informed about Prigozhin's plans by looking at satellite imagery and electronic communications intercepts, the report said.
Persons: Wagner, Yevgeny Prigozhin, Prigozhin, , Vladimir Putin, Sergei Shoigu, General Valery Gerasimov, Shoigu, Viktor Zolotov, Putin, Zolotov Organizations: Service, Street, Federal Security Service, Defence, Street Journal, National Guard of Locations: Russian, Rostov, Voronezh, Moscow, Belarus, Ukraine, National Guard of Russia
[1/2] A burnt forest is pictured at the Guarani Nation Ecological Conservation Area Nembi Guasu in the Charagua region, an area where wildfires have destroyed hectares of forest, Charagua, Bolivia, August 23, 2019. REUTERS/David Mercado/FILE PHOTOMONTEVIDEO, June 28 (Reuters) - Forest loss in Bolivia accelerated by about a third last year with clearances in the country trailing only giant neighbor Brazil and the Democratic Republic of Congo, a forest monitoring project report shows, blaming farm expansion and fires. The South American country lost nearly around 3,860 square kilometers (1,490 square miles) of primary forest in 2022, according to Global Forest Watch, an area nearly the size of Rhode Island. Fires, some linked to land clearances, have also played a big part in forest loss in recent years, the Global Forest Watch report said. In a report on Monday Global Forest Watch, backed by the nonprofit World Resources Institute and drawing on forest data collected by the University of Maryland, said the world lost an area of old-growth tropical rainforest the size of Switzerland last year.
Persons: David Mercado, Marlene Quintanilla, Daniel Larrea, Lucinda Elliott, Adam Jourdan, David Gregorio Our Organizations: Ecological Conservation, REUTERS, Democratic, Global Forest Watch, Nature Foundation, Global, Watch, Monday Global Forest Watch, World Resources Institute, University of Maryland, Thomson Locations: Guarani, Charagua, Bolivia, MONTEVIDEO, Brazil, Democratic Republic of Congo, Rhode Island, Santa Cruz, Beni, Bolivian, Switzerland
At its peak in 2011, the swap deal was worth $70 billion. With both sides sitting on ample foreign exchange reserves, the swap deal is unlikely to be put into action anytime soon, he added. Masato Kanda, Japan's vice finance minister for international affairs also said the currency swap deal would promote co-operation. The bilateral finance talks were to have taken place every year under a 2006 agreement, but were last held in 2016. With China and North Korea growing concerns, South Korean President Yoon Suk Yeol met with Japanese Prime Minister Fumio Kishida in May, the third between the two this year, marking a thaw in years of icy relations between the Asian neighbours.
Persons: Yoon Suk Yeol, Kim Keon, Issei Kato, Shunichi Suzuki, Choo, Suzuki, Masato Kanda, Kanda, Fumio Kishida, Tetsushi Kajimoto, Jihoon Lee, Edwina Gibbs, Clarence Fernandez, Kim Coghill Organizations: Tokyo International, REUTERS, Japanese Finance, Korean, Japanese, South Korea, Thomson Locations: Korean, Tokyo, Japan, Seoul TOKYO, SEOUL, South Korea, Seoul, China, North Korea, South
Semiconductor stocks including Intel (INTC.O), Marvell Technology (MRVL.O) and Qualcomm (QCOM.O) fell more than 1% each. Investors are focused on a panel discussion of key central bank policymakers including Powell and European Central Bank President Christine Lagarde at the ECB annual forum in Sintra, Portugal. The S&P 500 and Nasdaq hit more than one-year highs last week while the Dow scaled a six-month peak before hawkish comments from Powell sparked a selloff. Investors will also keep an eye on bank stocks, with the Fed scheduled to release 2023 results of its annual stress test of large banks after markets close on Wednesday. ET, Dow e-minis were up 20 points, or 0.06%, S&P 500 e-minis were down 4 points, or 0.09%, and Nasdaq 100 e-minis were down 36 points, or 0.24%.
Persons: Powell, Jerome Powell, Christine Lagarde, Russ Mould, AJ Bell, Dow, General Mills, Sruthi Shankar, Johann M, Vinay Dwivedi Organizations: Nasdaq, Dow, Federal, Nvidia, Devices, Wall Street Journal, Commerce Department, Semiconductor, Intel, Marvell Technology, Qualcomm, European Central Bank, ECB, Traders, Dow e, Boeing, Thomson Locations: China, U.S, Sintra , Portugal, Bengaluru
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