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The day's rout was sparked by a massive sell-off in Japanese stocks. The Nikkei fell 12.4%, its worst day since the 1987 "Black Monday" crash rattled investors around the world. Spencer Platt / Getty ImagesThe Japanese drawdown, in turn, was partly in response to the worse-than-expected jobs report published Friday that showed U.S. unemployment rising to 4.3% and just 114,000 jobs added in July. As soon as that report was published, stocks started erasing some of their earlier losses, while bond purchases, which had surged as investors sought safe-haven assets, faded. It’s a much easier decision to say I want to take my chips and go home here.”

Persons: Stocks, Spencer Platt, Apple, Warren Buffett's Berkshire Hathaway, ”, Michael Farr, Farr Organizations: Dow Jones, Nasdaq, Dow, Nikkei, New York Stock Exchange, Getty, Federal, Institute for Supply Management, Bank of Japan, U.S . Federal Reserve, Nvidia, Intel, Microsoft, Buffett, Miller & Washington Locations: New York City, U.S, Berkshire

☆ Ukraine finally sends F-16s into the battle against Russia — but they might not be a game-changer
▼ + stars: | 2024-08-05 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

Flanked by another two of the U.S.-made combat aircraft, Zelenskyy announced on Sunday that the country's air force had already started operations using the warplanes against Russia. A number of Ukraine's European allies have pledged to send F-16s to Ukraine, and the first batch arrived in the country in late July. Russia has dismissed the supply of F-16s, with Kremlin Spokesman Dmitry Peskov saying last Thursday that Russian forces were prepared to shoot down the F-16 jets. The first General Dynamics F-16 Fighting Falcon received by Ukraine is seen on the Day of Ukrainian Air Force on August 4, 2024 in Unspecified, Ukraine. "The jets will considerably enhance Ukraine's ability to prevent Russian pilots entering Ukrainian air space, and can also target Russian cruise missiles in flight.

Persons: Ukraine Volodymyr Zelensky, Volodymyr Zelenskyy, Zelenskyy, Ukraine's, Ukraine Volodymyr Zelenskyi, Vitalii, Antony Blinken, Dmitry Peskov, Peskov, Mykola Bielieskov, Bielieskov Organizations: Falcons, Dynamics, Anadolu, Getty, Ukraine's Air Forces, Ukrainian, Ukrainian Air Force, Anadolu Agency, NATO, Defense, National Institute for Strategic Studies, Fighting Falcons, Ukraine Locations: Ukraine, Russia, U.S, Denmark, Netherlands, Belgium, Norway, States, USSR, Kyiv, Ukrainian

☆ Egypt’s first pyramid constructed using a hydraulic lift, study says
▼ + stars: | 2024-08-05 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +11 min

Now, a team of engineers and geologists brings a new theory to the table — a hydraulic lift device that would have floated the heavy stones up through the middle of Egypt’s oldest pyramid using stored water. Water from ancient streams flowed into a system of trenches and tunnels that surrounded the Step Pyramid, according to the study team. The shaft within the Step Pyramid is connected to a 200-meter-long (656-foot-long) underground tunnel that connects to another vertical shaft outside the pyramid. Conversely, a moderate-sized hydraulic lift can raise 50 to 100 tons. “It doesn’t mean (the hydraulic lift device) wasn’t used,” she added.

Persons: Pharaoh Djoser, ”, Dr, Xavier Landreau, aren’t, David Jeffreys, Paleotechnic, Guillaume Piton, Judith Bunbury, rainier, Jeffreys, Fabian Welc, Stefan Wyszynski, Welc, ” Welc, King Djoser, Landreau, University of Cambridge geoarchaeologist, ” Bunbury Organizations: CNN, University College London, France’s National Research Institute for Agriculture, Food, Institute of Environmental Geosciences, University Grenoble Alpes, University of Cambridge, of Archaeology, Stefan Wyszynski University Locations: Egypt, Paris, London, Old, Old Kingdom, Kingdom, Moat, Warsaw, Poland, Saqqāra, Giza, University of Cambridge geoarchaeologist Bunbury

Seoul, South Korea CNN —North Korea claims it is sending 250 new tactical ballistic missile launchers toward its border with South Korea, in the latest bellicose declaration by leader Kim Jong Un against its neighbor. Photographs published by the North Korean state newspaper Rodong Sinmun showed what appears to be vehicle-based missile launchers, with dozens of large green military trucks lined up in neat rows before Kim. Kim personally oversaw the transfer of equipment to military commanders and chiefs of staff, and delivered a speech claiming the new missile launchers were built with North Korean technology, state media reported. In response to the North Korean buildup, the US and South Korea – along with Japan – have stepped up their military cooperation via exercises and deployments that Pyongyang sees as a threat. There have been at least three incidents of South Korea firing warning shots since May after North Korean military personnel crossed the demarcation line, the midpoint of the Demilitarized Zone between the two countries.

Persons: Kim Jong Un, Sinmun, Kim, ” Kim, Joseph Dempsey, “ Organizations: South Korea CNN, North, International Institute for Strategic Studies, South Korea –, North Korean Locations: Seoul, South Korea, Korea, North Korean, Korean, North Korea, North, Pyongyang, Russia, Washington, Japan

☆ These vision-impaired Olympic stars rely on a ‘sixth sense’ when they compete
▼ + stars: | 2024-08-04 | by ( Maya Davis | ) edition.cnn.com time to read: +14 min

Nedoroscik is not the only Olympic athlete with vision impairment excelling in their sport. “For an athlete with a visual impairment, they might have better proprioception, a better vestibular system or better audition. A new superpowerOlympic athletes with vision impairment have shown that you don’t need 20/20 vision to get the job done. USA Goalball National Team Athlete and 4x Paralympian Tyler Merren says the only difference between a "Paralympic athlete and an able-bodied athlete" is the disability. “All of these athletes are so empowering to kids like my patients, who can see [visual impairment] is not limiting them.

Persons: Stephen Nedoroscik, Daniel Wiffen, Rebeca Andrade, Nedoroscik, ”, NBC’s, Becky Sauerbrunn, goalball, Tyler Merren, Merren, “, I’m, Rupa Wong, Daniel Wiffen of, Ueslei Marcelino, Gordon Waddington, Wong, it’s, Fabrice Sarlegna, Aristotle, Jamie Squire, ” Wong, Goalball, Kiyoshi Ota, It’s, Clark Kent, Leonardo da Vinci, ” Merren, Dr, Sanjay Gupta, “ We’re Organizations: CNN, Saturday’s, Paris Games, US, Honolulu Eye Clinic, American Academy of Ophthalmology, Reuters, University of Canberra Research, Sport, Australian Institute of Sport, French National Centre for Scientific Research, Aix Marseille University, Team Brazil, Olympic Games, Bercy Arena, Olympic, International Paralympic, Team Japan, Tokyo, of Blind, US Association of Blind Athletes, Get CNN, CNN Health, “ Locations: Brazil, Honolulu, Paris, France, Waddington, goalball, Chiba, Japan, USA

☆ Taiwan is making a TV show about a Chinese invasion. And it’s hitting close to home
▼ + stars: | 2024-08-04 | by ( Nectar Gan | Eric Cheung | ) edition.cnn.com time to read: +12 min

The 17-minute trailer hit close to home in Taiwan, making headlines in local media and garnering more than a million views on YouTube. But Hsin-mei Cheng, the showrunner of “Zero Day,” worried that her fellow Taiwan citizens have grown “too numb” to the danger of an impending conflict. Hsin-mei Cheng, the showrunner of "Zero Day," says she hopes the show can serve as a wakeup call to the people of Taiwan. Cheng also assembled a team of 10 directors, each responsible for an episode in “Zero Day” that tells an independent story. In “Zero Day,” Chinese infiltration and cognitive warfare takes on many forms – from the lure of money and power to the threat of violence.

Persons: ”, China’s, Xi Jinping, Cheng, “, Mei Cheng, Nancy Pelosi’s, Robert Tsao, Lo Ging, Howard Yu, ” Cheng, Lo, Chapman, Hong Kong’s, –, livestreaming, influencers, Beijing’s, Howard Yu Su Tzu, yun, Lee Yen, China – Organizations: Taipei CNN, China’s People’s Liberation Army, PLA, Communist Party, YouTube, CNN, Presidential, Taiwan’s Ministry of Culture, Netflix, Chinese Communist Party, Taiwan’s Institute for National Defense and Security Research, Kuomintang Locations: Hong Kong, Taipei, Taiwan, dramatize, China, Ukraine, Beijing, Kinmen

☆ Trump's 'over-the-top' tariffs will thrust the US back into an era of economic shocks, thank tank expert says
▼ + stars: | 2024-08-04 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

Trump has promised to implement tariffs on virtually all US trade, and use them to replace the income tax. But the US already has a history of implementing broad-sweeping tariffs, PIIE's Steven R. Weisman said. He said such policies have taken the US close to bankruptcy, and unleashed an era of economic shocks. Go to newsletter preferences Thanks for signing up! But to Steven R. Weisman — a vice president with the Peterson Institute for International Economics — a look through American history shows why this could prove reckless.

Persons: Trump, Steven R, Weisman, —, Donald, Weisman — Organizations: Service, Republican, Peterson Institute for International Economics, Trump White, New York Times, Business

More than in any other foreign arena, Vance has sought to echo Trump on the Ukraine war. In doing so, he emphasized the thick vein of “scarcity politics” that runs through his foreign policy, arguing that the U.S. can’t equip Ukraine with enough materiel to hold back an opponent as vast as Russia. Vance described Ukraine ceding territory to Vladimir Putin as being in “America’s best interest” while appearing more supportive than Trump of remaining in NATO. The foreign policy views of Pence, vice president when Trump was in office, while not loved by everyone, were at least “mature” — they were informed by several terms experiencing the consequences of foreign policy becoming reality, according to Daniel Kurtzer, a former U.S. ambassador to Israel and now a professor at Princeton. Vance, on the other hand, brings “no foreign policy experience, certainly no expertise,” Kurtzer says, and he will fall in behind his boss when needed.

Persons: JD Vance, Donald Trump, ”, “, Vance, Clayton Allen, —, Anna Moneymaker, Trump, Bronwen Maddox, “ He’s, ” Allen, Biden, Vladimir Putin, Chatham House’s Maddox, Joe Biden, ” Vance, Patrick Baz, doesn’t, William Ruger, Israel, — Trump, Jair Bolsonaro, Viktor Orban, ” Trump, Stephen Maturen, Vance “, Dick, Cheney ”, George W, Allen, Hitler, Mike Pence, Pence, Daniel Kurtzer, ” Kurtzer, Benjamin Netanyahu, Charles Hollis, Hollis, Trump’s, ’ ”, Maddox, Grover Cleveland Organizations: Marines, Yale Law School, Gaza, Ohio, GOP, Eurasia Group, Republican Party, NATO, Republican National Convention, Democrat, Republicans, NAFTA, China, Getty, American Institute for Economic Research, Kremlin, Bloomberg, Trump, Princeton, United, Aperio Intelligence Locations: Iraq, U.S, Ukraine, Sierra Vista, London, Kyiv, Russia, lockstep, Europe, Mexico, Baghdad’s, Owerij, Ohio, Pennsylvania, Michigan, Great Barrington , Massachusetts, Ukrainian, Taiwan, “, St Cloud, Minn, Israel, China, Gaza, Saudi Arabia, Iran, United States, Montezuma, Canada

☆ Ukraine pushed Russia's Black Sea Fleet out of Crimea but retaking the peninsula will be incredibly hard
▼ + stars: | 2024-08-03 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +10 min

Read previewUkraine has dealt a massive blow to Russia's Black Sea Fleet in Crimea. Russia has retained control of Crimea since invading and annexing the peninsula in 2014 and secured Sevastopol as the headquarters for its Black Sea Fleet. Related stories"Without an amphibious naval force to land in Crimea, how can Ukraine project enough troops onto the peninsula to claim its control?" Ukraine has resorted to hitting Russia's air defenses in Crimea with missiles and long-range weapons, including US-supplied Army Tactical Missile Systems, known as ATACMS. "Even with F-16s, I don't think Ukraine has the ability to provide its ground forces effective close air support, given Russian air defense capability," he told BI.

Persons: —, steeled, Mark Cancian, who's, Basil Germond, Ulf Mauder, Cancian, Mark Temnycky, Ukraine's, Mikhail Razvozhaev, Temnycky, Benjamin Friedman, VIKTOR KOROTAYEV, Sergej Sumlenny, Sumlenny, Operation Barbarossa, Friedman Organizations: Service, Business, US Marine, Center for Strategic, International Studies, Lancaster University, Getty, Council's Eurasia Center, Ukraine, Army Tactical Missile Systems, The Institute, Defense, Resilience Initiative, Soviet Union's Red Army, Russians, Red Army, Soviet Union —, Soviet Union Locations: Ukraine, Crimea, Russia, Sevastopol, Russian, Kerch, Feodosia, Novorossiysk, Kherson, Ukrainian, Pereko, Suvorikin, Soviet, Soviet Union, Operation, Soviet Ukraine, Pereko —

☆ 2 renowned strategists say the US should defend Taiwan with nuclear strikes. Experts say such talk is just a taste of what's to come.
▼ + stars: | 2024-08-02 | by ( Matthew Loh | ) www.businessinsider.com time to read: +13 min

The US once floated nuclear retaliation in 1958 if China invaded Taiwan, and stationed nuclear weapons on the island until 1974. It would essentially tell Beijing that an invasion of the island risks nuclear war, he said. "What's the benefit of reassuring Xi that our nuclear weapons are not relevant?" "So relatively low-yield nuclear weapons could destroy that amphibious force and do little to no collateral damage onshore in Taiwan." He added that threatening war — much less nuclear war — over Taiwan would be deeply unpopular at home.

Persons: —, David Kearn, Kearn, — he'd, Greg Weaver, Weaver, Obama, Matthew Kroenig, James Acton, Greg, Matt, Kroenig, Lyle Goldstein, Goldstein, we're, Acton, Francesca Giovannini, Giovannini, Xi Jinping, Xi, It's, Marshall Billingslea, Billingslea, Rebeccah Heinrichs, Jake Werner Organizations: Service, John's, Atlantic Council, Pentagon, Business, RAND, US Defense, Joint Chiefs of Staff, Defense Department, Nuclear, Carnegie Endowment, International, China Initiative, Brown University, International Peace, Harvard University's Kennedy, Georgetown University, US State Department, Hudson, Keystone Defense Initiative, Kroenig, East Asia, Quincy Institute, Responsible, Johns University Locations: St, Taiwan, China, Beijing, Washington, Korea, Japan, Taiwan Strait, Washington , DC, Guam, South China, Russia, United States, Bejing, South Korea

☆ Daily Open: Stocks fall; 10-year Treasury yield drops; Apple beats Street while Amazon disappoints
▼ + stars: | 2024-08-02 | by ( Kevin Lim | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. U.S. stocks retreatU.S. stocks fell sharply on Thursday as weaker-than-expected jobs and manufacturing data sparked concerns about a rapid economic slowdown. Treasurys gainThe benchmark 10-year Treasury yield fell below 4% for the first time since February as investors digested weak job numbers and braced for a September rate cut by the U.S. Federal Reserve. The 10-year yield last traded at 3.981%, down 12.3 basis points, while the two-year yield eased to 4.156%. Asian stocks tumbleJapanese stocks dropped 5.8% on Friday as Asia-Pacific markets reacted negatively to the sell-off on Wall Street.

Persons: Russell, Tim Cook, CNBC's Steve Kovach, Brian Olsavsky Organizations: CNBC, Dow Jones Industrial, Nasdaq, Labor Department, Institute for Supply, Treasury, U.S . Federal Reserve, Nikkei, SoftBank, Mitsui, Marubeni, CSI, Services, Apple, Apple Intelligence, Olympics, Tech, CNBC Pro Locations: U.S, Asia, Pacific

☆ Daily Open: U.S. stocks fall; 10-year Treasury yield drops below 4%; Apple beats Street while Amazon falters
▼ + stars: | 2024-08-02 | by ( Kevin Lim | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Stocks retreatU.S. stocks fell sharply on Thursday as weaker-than-expected jobs and manufacturing data sparked concerns about a rapid economic slowdown. The 10-year yield last traded at 3.981%, down 12.3 basis points, while the two-year yield eased to 4.156%. Looking ahead, Apple expects services to grow by about 14%. Apple CEO Tim Cook told CNBC's Steve Kovach the company has increased spending on Apple Intelligence to get it ready by fall.

Persons: Russell, Tim Cook, CNBC's Steve Kovach Organizations: New York Stock Exchange, Wall, CNBC, Dow Jones Industrial, Nasdaq, Labor Department, Institute for Supply, Treasury, U.S . Federal Reserve, Apple, Apple Intelligence, Tech, CNBC Pro Locations: New York City, Stocks

☆ Dow dives more than 800 points after July jobs report misses expectations
▼ + stars: | 2024-08-02 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

New York CNN —Stocks slid Friday as a disappointing jobs report added to fears that the US economy is weakening. Stocks have also whipsawed in recent days as investors also digested the Federal Reserve’s July policy meetings and Big Tech earnings reports. Big Tech earningsInvestors have also parsed a mixed bag of Big Tech earnings this week. Shares of Apple, which reported in-line earnings but missed sales expectations Thursday evening, are up 2.1%. Investors have in recent weeks moved out of the Magnificent Seven tech stocks that powered the market to repeated record highs this year.

Persons: Stocks, Dow, That’s, ”, David Russell, Jerome Powell, ” Powell Organizations: New, New York CNN, Nasdaq, of Labor Statistics, Institute for Supply Management, Big Tech, Federal Reserve, Microsoft, Apple, Amazon, Meta, Intel Locations: New York, tamping

☆ Ukraine has been flying shockingly deep inside Russia because Russian air defenses are so degraded, expert says
▼ + stars: | 2024-08-02 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Read previewUkraine has been able to strike unusually deep inside Russia because Russian air defenses have been stretched, a warfare expert told Business Insider. "Russian air defenses should have very easily taken them out." Many of Russia's air defense systems have been damaged and destroyed by Ukraine, and Ukraine is now targeting some defenses that it could not previously reach. Ukraine destroyed many Russian air defense systems, particularly in Crimea, the Ukrainian peninsula that Russia annexed in 2014. Many warfare experts have said that this war has largely become an air defense war, making both countries desperate to keep their arsenals strong.

Persons: —, George Barros, We've, Barros, ISW Organizations: Service, Business, Ukraine Locations: Ukraine, Russia, Russian, Ukrainian, Tatarstan, Crimea

According to an NBC News review of police hiring laws in Illinois, Grayson’s hiring did not appear to have violated state or local police hiring policies. And an NBC News review of hiring practices around the country shows that there is a patchwork of hiring standards that vary from state to state and from community to community. Experts say the hiring standards in many small law enforcement agencies are often lower than those of large city agencies. In Illinois, in addition to its state law, city councils and county commissions can also set their own stricter hiring rules. Using the California hiring standards as a model, Guller tells his clients to send seasoned investigators out to interview a person’s former romantic partners, neighbors, employers and even patrons at their favorite bars.

Persons: Sonya Massey, —, Sean Grayson’s, Grayson’s, Thomas Campion, Grayson, Jack Campbell, George Floyd, ”, Michael Bricker, “, Sonya, Matt Guller, ” Sonya Massey, Ben Crump, ” Ed Obayashi, ” Obayashi, who’ve, John O'Connor, Campion, Massey, ” Sean Smoot, Tony Dejak, Sean Smoot, Smoot, Barack Obama’s, “ You’ve, “ We’re, ” Bricker, Guller, ” Guller, James Allard, Allard, Eric Hurd, ” Hurd, Hurd, David Corey, ” Smoot Organizations: Army, NBC, NBC Nightly, U.S . Justice Department, Chicago Police Department, “, New Jersey State Police, NBC News, Police, Minneapolis Police Department, Office, Cleveland City, Illinois, Force, Century, Illinois State Police, Chicago, East, Institute for Forensic Psychology, New York State Police, American Psychological Association, “ Chiefs Locations: Illinois, Sangamon County, Springfield , Ill, California, . Illinois, Logan, East Coast, Steuben County New York, Buffalo, George Floyd , New York, Although New York, New York, ‘ Illinois, Oregon, “ Illinois

It’s rare for Russian criminal hackers to land in U.S. prisons and even rarer for them to get out early. But two of the eight Russians released in Thursday’s prisoner swap with the U.S. are seasoned cybercriminals. It is believed to be the first time the U.S. has released international hackers in a prisoner exchange, according to cybercrime experts and a review conducted by NBC News. The two convicted Russian hackers, Vladislav Klyushin and Roman Seleznev, are in their early 40s. Natalia Kolesnikova / AFP - Getty ImagesThat was true for the men released Thursday.

Persons: Evan Gershkovich, Vladislav Klyushin, Klyushin, Seleznev, Todd Carroll, “ It’s, ” Carroll, ”, “, “ I’m, Natalia Kolesnikova, Philip Reiner, they’ve, Vladimir Putin’s Organizations: U.S, Kremlin, Wall, ., NBC News, FBI, Getty, Institute for Security, Technology Locations: U.S, United States, Russia, Russian, Sverdlovsk Regional, Yekaterinburg, AFP, Sion , Switzerland, Seleznev, Maldives

☆ Germany’s doctors can prescribe four-week spa breaks to frazzled parents
▼ + stars: | 2024-08-01 | by ( Ulrike Lemmin-Woolfrey | ) edition.cnn.com time to read: +8 min

Those lucky parents may leave with doctor’s orders for a four-week spa break by the sea or in the mountains. Germany has around 350 designated spa towns, with many designated as UNESCO World Heritage sites. ‘I had severe sleeping problems’Focused on preventative as well as restorative care, a Kur is frequently aimed at burned-out parents. The proportion of single parents in MGW clinics is disproportionately high in relation to the overall share in society. “Together, solutions are developed that will help patients to cope with everyday life again and prevent (further) health problems,” Gerstkamp explained.

Persons: ”, They’ve, Cécile Poirot, ” Poirot, “, Müttergenesungswerk, Petra Gerstkamp, Gerstkamp, Poirot, ” Gerstkamp Organizations: CNN, UNESCO, Heritage, “ Locations: Germany, Baden, Wiesbaden, Bad, Europe, Elmshorn, Hamburg

☆ Southport stabbings: Far-right disinformation fuels riots across UK
▼ + stars: | 2024-08-01 | by ( Kara Fox | ) edition.cnn.com time to read: +6 min

Far-right demonstrators chanted anti-migrant, anti-Muslim slogans at the London rally that turned violent on Wednesday. He added that, while the algorithm played a part, there was also a “huge amount of organizing happening” in a variety of different places that are not algorithmically oriented – for example in far-right groups on the instant-messaging platform Telegram. Like what was being shared on X and other platforms, the Telegram group “Southport Wake Up,” also posted false information about the alleged suspect. Hours after the attack, the group’s creator sent out the details for the first protest: Meet near a Southport mosque on Tuesday. The “Southport Wake Up” group is still active, and on Thursday, posted calls for similar disruptions at Muslim centers in other cities across England.

Persons: Bebe King, Elsie Dot Stancombe, Alice Dasilva Aguiar, Keir Starmer, Benjamin Cremel, Neil Holyoak, Axel Rudakubana, Tim Squirrell, “, who’s, ”, Squirrell, ’, ” Squirrell, Starmer, Downing, ” CNN’s Jessie Gretener, Duarte Mendonça, Ivana Kottasová, Radina Gigova Organizations: CNN, England, ”, city’s Metropolitan Police, London, Getty Images Met, Southport stabbings, Institute for Strategic, Communications, Intelligence Service, Telegram, Southport, Southport Wake Locations: Southport, London , Manchester, Hartlepool, Downing, Manchester, London, AFP, Banks , Lancashire, Cardiff , Wales, England

☆ ‘We don’t need more concrete’: A new village in Tanzania will use a 3D printer and soil to build its community
▼ + stars: | 2024-08-01 | by ( Tom Page | ) edition.cnn.com time to read: +7 min

In Kibaha, Tanzania, just west of the capital Dar es Salaam, a group of pioneering architects are set to build a new village with “earth printing” at its heart. A rendering of the community center for Hope Village, which Hassell says is expected to begin construction in 2025. Hope Village is more ambitious, according to Mark Loughnan, principal and head of design at Hassell. For Dr. Consola Elia, who will oversee the children’s home at Hope Village, the project is “the reality of a dream that I’ve had for over 20 years,” she said in a statement. Work on the masterplan has begun, with housing already underway and construction of the community center expected to begin in early 2025.

Persons: Hassell, ClarkeHopkinsClarke, ”, Xavier De Kestelier, De Kestelier, Mario Cucinella, ” De Kestelier, Hassel, Mark Loughnan, “, Consola Elia, I’ve, we’re Organizations: CNN, NASA, Hope, Institute, Architecture, Mario Cucinella Architects, Tanzanian, New Yorker, Crane WASP, Arts Locations: Kibaha, Tanzania, Dar, Salaam, Catalonia, Barcelona, Spain, Ravenna, Italy, Rome, Uganda, Hope

☆ It turns out that bad news for the economy may actually be bad news for the stock market
▼ + stars: | 2024-08-01 | by ( John Melloy | ) www.cnbc.com time to read: +3 min

There was a perverse view this year that bad economic news was actually good news for the stock market, as the heat coming off the economy would give the Federal Reserve the greenlight to cut interest rates. This made some sense with inflation for the first time in a while becoming the primary market bogeyman over a slowing economy. Announced layoffs last month were the highest for any July in more than two decades, outplacement firm Challenger, Gray & Christmas reported. Investors got what they thought they wanted, with the 10-year Treasury yield breaking below 4% for the first time since February. Even tech stocks found themselves in the red as they too, may be hurt more by a slowing economy, than their valuations are boosted by lower rates.

Persons: Jerome Powell, Chris Rupkey, Adam Crisafulli, Dow Jones, Yun Li, Jeff Cox Organizations: Federal Reserve, Institute for Supply Management, Investors, Dow Jones, Dow, JPMorgan Chase, Caterpillar, Vital Knowledge Locations: U.S

☆ Killing of Hamas leader leaves Gaza ceasefire hopes dangling by a thread
▼ + stars: | 2024-07-31 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +7 min

CNN —The assassination of the political leader of Hamas has plunged the Middle East into fresh crisis and dented already slim hopes of an end to the war between Israel and the militant group that rules Gaza anytime soon. Here’s what the killing of the Hamas and Hezbollah leaders means for the Gaza war and the region. “Netanyahu has systematically sabotaged ceasefire talks because ending the war will likely end his political career,” said Trita Parsi of the Quincy Institute, a US-based foreign policy think tank, in a post on X. A faltered negotiation process also extends the risk to the lives of the remaining hostages in Gaza. “This is the time for a deal.”There are 111 hostages still in Gaza, including 39 believed to be dead, according to data from Netanyahu’s office.

Persons: Israel, Ismail Haniyeh, Haniyeh, ”, Yahya Sinwar, Mohammed bin Abdulrahman, Benjamin Netanyahu, –, “ Netanyahu, “, Netanyahu, Jalaa Marey, Gershon Baskin, Baskin, ” Baskin, Gaza’s, Anwar, Antony Blinken, Biden, ” Hellyer, CNN’s Becky Anderson Organizations: CNN, Hamas, Quincy Institute, Palestinian, Getty, Families, Anwar Amro, Hellyer, Carnegie Endowment, International Peace, Royal United Services Institute for Defense, Security Studies, Israel Locations: Israel, Gaza, Tehran, Iran, Beirut, Golan, Qatar, Egypt, Mohammed bin Abdulrahman Al, Thani, Doha, US, Karmiel, AFP, Beirut's, United States, London

☆ 'Pulsating' mechanized assaults in Ukraine may reflect the limit of Russia's offensive abilities, war analysts say
▼ + stars: | 2024-07-31 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Conflict analysts say these armored assaults are constrained to specific areas and may reflect the limits of Moscow's offensive power and inability to execute a large-scale, multi-directional offensive operation. AdvertisementThese "periodic and pulsating Russian mechanized assaults likely represent the extent of Russia's current offensive capacity, and Russia is unlikely to mount a distinct new summer offensive operation due to material and manpower constraints," the analysts wrote in an assessment on Wednesday. Photo by Diego Herrera Carcedo/Anadolu via Getty ImagesThe analysts said Russia has struggled throughout the war to stage multiple large-scale offensive operations simultaneously. In late June, ISW noted that "Russian forces continue to prioritize gradual advances through consistent grinding assaults over operationally significant gains through rapid maneuver." The analysts said that Russia aims to "win a war of attrition against Ukrainian forces," exhausting its manpower and materiel.

Persons: —, Diego Herrera Carcedo, John Kirby, Ukraine —, Russia's, Kirby, Vladimir Putin's, ISW Organizations: Service, Business, Institute for, Getty, Ukraine's, White House National Security Council, Ukrainian Locations: Ukraine, Donetsk, Moscow, Russia, Toretsk, Anadolu, Kharkiv, Ukrainian, Russian

☆ With a NATO war and Ukraine's knack for shooting down planes in mind, Russia is holding back its airpower and most advanced jets
▼ + stars: | 2024-07-31 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +13 min

Read previewRussia has kept much of its airpower and some of its most advanced aircraft out of the war in Ukraine. But Baum and other air warfare experts have warned Russia's air force should not be underestimated and cautioned that NATO should be ready. AdvertisementRussia's air force is weaker than NATO's airpower, but Russia's war in Ukraine shows it can still cause a lot of damage. Russia's air force has suffered high attrition rates from Ukraine's ground-based air defenses when operating in the country. Related storiesHe said that Russia "has a lot of trouble replacing lost advanced aircraft," only making a few a year.

Persons: —, John Baum, Su, Andrew Curtis, Curtis, Michael Clarke, Christopher Cavoli, it's, Clarke, Evelyn Hockstein, Baum, Peter Layton, Layton, Volodymyr Zelenskyy, Jens Büttner, Russian Sukhoi Su, Nicola Marfisi, Russia's, There's, Sukhoi Su, Aleksey Nikolskyi, REUTERS George Barros, Jake Epstein, Gustav Gressel, Tim Robinson, Russia's Su, Robinson, Mads Claus Rasmussen, Ritzau Scanpix Organizations: Service, NATO, Mitchell Institute, US Air Force, Business, UK Ministry of Defense, Russian Air Force, Royal Air Force, REUTERS, Ukraine, Griffith Asia Institute, Royal Australian Air Force, Russian, Getty Images Air, Getty Images, it's, Sukhoi, Sputnik, European Council, Foreign Relations, UK's Royal Aeronautical Society, Getty Locations: Russia, Ukraine, Europe, Washington, NATO, Russian Sukhoi, Ukrainian, Moscow, Kremlin, AFP

☆ Japan confirms $36.8 billion currency intervention as weak yen pushes BOJ to hike interest rates
▼ + stars: | 2024-07-31 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

New Japanese 1000 Yen banknote on display inside the Currency Museum of the Bank of Japan's Institute for Monetary and Economic Studies. Japanese authorities spent 5.53 trillion yen ($36.8 billion) to shore up the yen in July, official data published Wednesday showed. The move was expected to mark the Bank of Japan's highest interest rates since 2008. It marks a stark contrast from the start of the month, when the Japanese currency fell to 161.96 per dollar for the first time since December 1986. The yen has been combating sustained pressure since the BOJ ended its monetary policy of negative interest rates in March.

Organizations: Currency Museum, Bank of Japan's Institute for Monetary, Economic Studies, Japan's Ministry of Finance, U.S ., of Japan's

☆ Here's what American air-to-air missiles can do for Ukraine's new F-16s against the Russians
▼ + stars: | 2024-07-31 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

Read previewThe US is sending Ukraine air-to-air missiles to go with the new F-16 fighter jets coming this summer from European partners, per a new report on armaments. AdvertisementPowerful air-to-air missilesThe AIM-120 is an all-weather, beyond-visual-range air-to-air missile with active radar for decreased dependence on the aircraft for intercepts. On the other missile Ukraine is receiving, the AIM-9X is a short-range air-to-air missile with an infrared seeker and is the newest variant in the Sidewinder family. The Russians are operating Su-35 and MiG-31 fighter jets that carry long-range air-to-air missiles like the R-37. With F-16s, Ukraine can potentially better use these weapons to degrade Russia's vaunted air-defense capabilities.

Persons: —, Boris Roessler, it's, Gen, Oleksandr Syrskyi, George Calin, Netherlands —, Volodymyr Zelenskyy, James Hecker, Hecker Organizations: Service, AIM, Air Missile, 9X, Street, Business, Danish Air Force, Getty, Ukrainian Air Force, Eglin Air Force Base, US Air Force, Guardian, Center for Strategic, International Studies, Ukrainian Air, REUTERS Kyiv, Soviet, Mitchell Institute for Aerospace Studies, NATO Locations: Ukraine, Kyiv, Germany, Fla, Ukrainian, Soviet, Fetesti, Romania, Denmark, Norway, Belgium, Netherlands

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