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☆ Credit Suisse posted $4 billion loss in 2Q - Sonntagszeitung
▼ + stars: | 2023-08-27 | by ( ) www.reuters.com time to read: 1 min

UBS Group and Credit Suisse logos are seen in this illustration taken March 18, 2023. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsBERLIN, Aug 27 (Reuters) - Credit Suisse, which is now a subsidiary of UBS (UBSG.S), posted a loss of 3.5 billion Swiss francs ($4.0 billion) in the second quarter of 2023, according to a report in the Sonntagszeitung, which cited insiders at the bank. Spokespersons for UBS and Credit Suisse declined to comment. Credit Suisse had already forecast a significant pre-tax loss for the second quarter and full year 2023 in April, given its move to exit from non-core businesses and due to restructuring and financing costs. ($1 = 0.8845 Swiss francs)Reporting by Oliver Hirt; Writing by Maria Martinez; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Oliver Hirt, Maria Martinez, Hugh Lawson Organizations: UBS Group, Credit Suisse, REUTERS, Rights, UBS, Thomson

☆ Beriso leads Ethiopian 1-2 in women's marathon
▼ + stars: | 2023-08-26 | by ( Mitch Phillips | ) www.reuters.com time to read: +2 min

[1/2] Athletics - World Athletics Championship - Women's Marathon - National Athletics Centre, Budapest, Hungary - August 26, 2023 Ethiopia's Amane Beriso Shankule reacts after crossing the line to win the women's marathon final REUTERS/Dylan Martinez Acquire Licensing RightsBUDAPEST, Aug 26 (Reuters) - Amane Beriso produced an authoritative performance to win the women's marathon at the World Athletics Championships on Saturday, overcoming baking morning conditions to finish well clear of compatriot and defending champion Gotytom Gebreslase. Beriso, who ran the third-fastest marathon ever when winning in Valencia last December, pulled clear soon after entering the last of four 10km laps and came home in 2:24.23. Beriso then forged ever more strongly ahead and split the group, putting 20 metres into Yalemzerf Yehualaw, who herself was clear of Gebreslase. Neither of them, however, were able to make any inroads into the leader and Beriso was an impressive winner. The men's marathon is on Sunday morning, the final day of the championships.

Persons: Shankule, Dylan Martinez, Beriso, Gotytom Gebreslase, Gebreslase, Fatima Gardadi, Morocco's, Yehualaw, Mitch Phillips, Robert Birsel, Jason Neely Organizations: National Athletics Centre, Rights, Valencia, Boston Marathon, Thomson Locations: Budapest, Hungary, Valencia

☆ U.S. women match men with 4x100m relay gold
▼ + stars: | 2023-08-26 | by ( Mitch Phillips | ) www.reuters.com time to read: +1 min

[1/5] Athletics - World Athletics Championship - Women's 4x100m Final - National Athletics Centre, Budapest, Hungary - August 26, 2023 reacts after Sha'carri Richardson of the U.S. reacts after crossing the line to win the women's 4x100m final REUTERS/Dylan Martinez Acquire Licensing RightsBUDAPEST, Aug 26 (Reuters) - The United States won the women's 4x100m relay gold as Sha'Carrie Richardson and Gabby Thomas came into the team to see them home ahead of regular rivals Jamaica in a championship record time of 41.03 seconds on Saturday. The first three did their job so that Richardson, the individual 100m champion, was always in control. Jamaica's Shericka Jackson, the 200m champion, had too much to do as they took silver in 41.21 while Britain claimed bronze with 41.97. Earlier, the U.S. men won their 4x100m relay final but the U.S. women's 4x400 team were disqualified from the semi-final after an illegal baton change. Reporting by Mitch Phillips, editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Sha'carri Richardson, Dylan Martinez, Sha'Carrie Richardson, Gabby Thomas, Richardson, Jamaica's Shericka Jackson, Mitch Phillips, Ken Ferris Organizations: National Athletics Centre, Rights, United States, Jamaica, Britain, Thomson Locations: Budapest, Hungary, U.S

☆ Kenya's Kipyegon becomes first woman to claim 1500-5000 double at worlds
▼ + stars: | 2023-08-26 | by ( Lori Ewing | ) www.reuters.com time to read: +2 min

Kipyegon's two golds from Budapest cap a remarkable season in which she broke three world records - in the 1,500m, mile and 5,000m. Making history today, winning two gold medals in a championships is what I was dreaming for this season," the 29-year-old said. "I have been patient waiting to be able to break world records and win double golds. The 30-year-old endured a gruelling triple challenge in Budapest, opening the worlds with a heartbreaking fall just 20 metres from the finish line in the 10,000m. I really felt amazing on the last lap and it was only in the last 20 metres I couldn't hold on.

Persons: Kipyegon, Dylan Martinez, Dutchwoman Sifan Hassan, Hassan, Beatrice Chebet, Alyne, Lori Ewing, Ken Ferris Organizations: National Athletics Centre, Rights, London, Kenya, Thomson Locations: Budapest, Hungary

The Ifo institute said on Friday that its business climate index stood at 85.7, down from 87.4 in July. Reuters Graphics"The German economy is not out of the woods yet," Ifo president Clemens Fuest said. The economy then posted zero growth in the second quarter compared to the previous three months, separate data from the statistics office showed on Friday. The Ifo survey showed sentiment among German managers had become more pessimistic across all sectors in August. The Ifo survey chimed with flash PMI data released on Wednesday, which showed that German business activity contracted at the fastest pace for more than three years in August.

Persons: Annegret, Clemens Fuest, Christian Lindner, Klaus Wohlrabe, Claus Niegsch, Niegsch, Andrew Kenningham, Carsten Brzeski, Maria Martinez, Friederike Heine, Mark Potter, John Stonestreet Organizations: REUTERS, Reuters, . Finance, DZ Bank, Reuters Graphics, Capital Economics, Thomson Locations: Berlin, Germany, BERLIN, Europe

☆ German economy stagnates in Q2 after winter recession
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Kai Pfaffenbach Acquire Licensing RightsBERLIN, Aug 25 (Reuters) - The German economy stagnated in the second quarter compared to the previous three months, following a winter recession, data from the statistics office showed on Friday. Year on year, adjusted GDP contracted by 0.2% in the second quarter. Quarter on quarter, economic activity had fallen by 0.4% in the fourth quarter of 2022 and by 0.1% in the first quarter of 2023. Household consumption showed zero growth in the second quarter from the first and government spending rose by 0.1%. Capital investment also grew modestly while exports fell 1.1%, Friday's report showed.

Persons: Kai Pfaffenbach, Maria Martinez, Friederike Heine, John Stonestreet Organizations: REUTERS, Rights, Thomson Locations: Frankfurt, Germany

☆ MLB roundup: Behind Aaron Judge's 3 homers, Yanks end skid
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +10 min

The Yankees won for the first time since Aug. 11 and avoided their first 10-game skid since 1913. New York's Luis Severino (3-8) didn't allow a run and surrendered just one hit, matching a season high with 6 2/3 innings. Blue Jays starter Kevin Gausman (9-8) gave up two runs on five hits in six innings against his former team. Cubs 6, Tigers 4Cody Bellinger drove in two runs, Yan Gomes knocked in the go-ahead run and visiting Chicago downed Detroit. Cubs starter Jameson Taillon had a no-hitter through five innings but gave up four runs in 5 2/3 innings.

Persons: Aaron Judge, Vincent Carchietta, Brian Cashman, MacKenzie Gore, New York's Luis Severino, Elly De La Cruz, Shohei Ohtani, Spencer Steer, Buck Farmer, Tyler Anderson, Matt McLain, Steer, Reid Detmers, Ohtani, Tim Anderson, Trayce Thompson, Anderson, George Kirby, Josh Rojas, Dean Kremer, Anthony Santander, Kremer, Jack Flaherty, Kevin Gausman, Charlie Morton, Marcell Ozuna, Morton, DJ Stewart, Ozuna, Austin Riley, Jose Quintana, Cody Bellinger, Yan Gomes, Julian Merryweather, Adbert Alzolay, Kerry Carpenter, Tarik Skubal, Jameson Taillon, Paul DeJong, Wilmer Flores, Camilo Doval, Bryce Harper, Jakob Junis, Ryan Walker, Craig Kimbrel, Kyle Schwarber, Trea Turner, Brice Turang, Carlos Santana, Willy Adames, Turang, Elvis Peguero, Ryan Jeffers, Lewis, Michael A, Taylor, Brandon Lowe, Lowe, Brent Suter, Osleivis, Pete Fairbanks, Elias Diaz, Adam Duvall, Josh Winckowski, Nick Pivetta, Kenley Jansen, Seth Martinez, Hector Neris, Bryan Abreu, Ryan Pressly, Kendall Graveman, Richie Palacios, Nolan Arenado, Louis, Paul Goldschmidt, Zack Thompson, JoJo Romero, Ke'Bryan Hayes, Connor Joe, Luis Oritz, Dairon Blanco, Cole Ragans, Bobby Witt Jr, Adrian Martinez, Blanco, Seth Lugo, Xander Bogaerts, Lugo, Garrett Cooper, Sandy Alcantara, Xzavion Curry, Will Smith, Enrique Hernandez, Jose Ramirez, Clayton Kershaw Organizations: New York Yankees, Washington Nationals, Yankee, Yankees, New, Reds, Cincinnati, Orange County, UCLA, The Reds, Angels, White Sox, Mariners, Seattle, Cleveland Guardians, Orioles, Blue Jays, Baltimore, Braves, Mets, Atlanta, Cubs, Tigers, Chicago, Detroit, Giants, Phillies, San Francisco, Philadelphia, Brewers, Milwaukee, Twins, Rays, Rockies, Tampa Bay, Colorado, Red Sox, Astros, Boston, Cardinals, Pirates, Pittsburgh, Royals, Athletics, Kansas City, Oakland, 103rd, Padres, Marlins, San Diego, Miami, Dodgers, Cleveland, The Dodgers, Thomson Locations: Bronx , New York, USA, New York, OptaSTATS, Cincinnati, Los Angeles, Anaheim , Calif, McLain, Orange, Southern California, Chicago, Toronto, Minnesota, Colorado, St . Petersburg, Fla, Houston, Boston, Pittsburgh, San, Angeles

☆ German business activity suffers steepest decline since May 2020
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Kai Pfaffenbach Acquire Licensing RightsBERLIN, Aug 23 (Reuters) - German business activity contracted at the fastest pace for more than three years in August, a preliminary survey showed on Wednesday. A deepening downturn in manufacturing output was accompanied by a renewed contraction in services activity. Business activity in the services sector contracted for the first time in eight months. The manufacturing PMI rose to 39.1 in August from 38.8 in July but remained deeply in contraction territory, the survey showed. There was an increase in inflationary pressures, driven by accelerated cost and price increases in the service sector.

Persons: Kai Pfaffenbach, Cyrus de la Rubia, Rubia, Maria Martinez, Hugh Lawson Organizations: REUTERS, Rights, P Global, Hamburg Commercial Bank, Services, Thomson Locations: Frankfurt, Germany, Hamburg

☆ Second rider dies in centenary Manx GP qualifying
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +1 min

Aug 23 (Reuters) - A second rider has died after a crash in qualifying for the centenary edition of the Manx Grand Prix motorcycle races on the Isle of Man, organisers said on Wednesday. Ian Bainbridge, a 69-year-old Briton who had been a regular competitor in the event since 2005, died on Tuesday evening at the exit of Kirk Michael village during the second qualifying session. Gary Vines, a 33-year-old British rider who competed in this year's TT races as well as being a Manx regular, died in Sunday's first qualifying session after an accident at Ballagarey. The Manx Grand Prix was first run in 1923 as the Manx Amateur Road Races and features mainly amateur riders competing over the island's TT course. Like the TT races the Manx ranks among the deadliest events in motorsport.

Persons: Ian Bainbridge, Kirk Michael, Gary Vines, Sunday's, Raul Torras Martinez, Alan Baldwin, Ed Osmond Organizations: Manx, Prix, Briton, Thomson Locations: Isle of, Manx, London

☆ Why a vacation is good for you – even before you take time off
▼ + stars: | 2023-08-22 | by ( Juan Pérez Fernández | Roberto De La Torre Martínez | ) edition.cnn.com time to read: +6 min

And the truth is that the benefits of a good vacation can be felt even before the trip begins. The “other stress” – the one that has negative connotations for everyone – is chronic stress. Alexander Spatari/Moment RF/Getty ImagesThe main thing that a good vacation can do for our mental health is precisely to reduce chronic stress levels. Therefore, knowing that our vacation is coming increases the dopamine levels in our brain and gives us that feeling of pleasure. Be that as it may, good vacations are good for us.

Persons: –, Alexander Spatari, Juan Pérez Fernández, Roberto de la Torre Organizations: CNN, Getty, University of Vigo, Roberto de la Torre Martínez, Department, Neuroscience, Karolinska Institute Locations: daydreaming, CINBIO, Spain, Sweden

The Liberian MSC UNITED VIII container ship transits in the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama March 10, 2023. The Panama Canal Authority last week opened two additional slots per day for vessels without booking to transit to help clear bottlenecks on both sides of the interoceanic corridor. As of Tuesday, 125 booked and non-booked vessels were waiting to pass, down from more than 160 ships two weeks ago, according to official numbers. However, the average wait time for vessels to pass has risen to between 10 and 11 days this month, from 6-7 days last month. The waiting surpasses 17 days for cargo vessels and liquefied petroleum gas carriers, and is almost 13 days for tankers.

Persons: Aris Martinez, Gustavo Petro, Andres Manuel Lopez Obrador, Abe Eshkenazi, Elida Moreno, Marianna Parraga, Marguerita Choy Organizations: Liberian MSC UNITED, REUTERS, PANAMA CITY, Panama Canal Authority, Reuters, Tuesday, Panama, U.S, U.S ., Association for Supply Chain Management, Thomson Locations: Cocoli, Panama, Panama City, PANAMA, Asia, South America, Europe, China, U.S . West Coast, Chicago, Houston

☆ Mediterranean diet during pregnancy improved 2-year-olds’ cognitive, social abilities
▼ + stars: | 2023-08-22 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +6 min

CNN —Mothers who followed the Mediterranean diet while pregnant improved their children’s cognitive, social and emotional development at age 2 compared with children whose mothers did not follow the diet, according to a new randomized clinical trial. “No other dietary model possesses such an impressive accrual of scientific evidence as the traditional Mediterranean diet,” said Martínez-González, who is also an adjunct professor of nutrition at the Harvard T.H. The number of low-weight births dropped to 15.6% of the women who attended stress-reduction classes and 14% of the women who ate a Mediterranean diet. The Mediterranean diet focuses on fruits, vegetables, whole grains, beans and seeds, with a few nuts and a heavy emphasis on extra-virgin olive oil. “The first arm (Mediterranean diet) addressed a more physical and direct aspect: the dietary pattern and the supply of interesting nutrients that are known to be beneficial.

Persons: CNN —, “, ”, Miguel Martínez, David Katz, ” Katz, nutritionists, Bayley, Katz, González Organizations: CNN, University of Navarra, Harvard, of Public Health, True Health Initiative Locations: Pamplona, Spain, Chan, Boston, Barcelona

In an aerial view, burned cars and homes are seen a neighborhood that was destroyed by a wildfire on August 17, 2023 in Lahaina, Hawaii. A young boy walks through wildfire wreckage Thursday, Aug. 10, 2023, in Lahaina, Hawaii. Search and recovery team members check charred buildings and cars in the aftermath of the Maui Fires in Lahaina, West Maui, Hawaii, August 17, 2023. Lahaina, Maui, Wednesday, August 16, 2023 - Homes and businesses lay in ruins after last week's devastating wildfire swept through town. A woman walks through wildfire wreckage Friday, Aug. 11, 2023, in Lahaina, Hawaii.

Persons: Patrick T, Fallon, Fred Abad, Louise Abihai, Ellie Erickson —, Richard Zubaty, Richard Bissen, Harold, Justin Sullivan, Lynn Ouano, Faias, Jay Ouano, Rick Bowmer, Kuulei Barut, Losano, Leona Castillo, Castillo, Yuki Iwamura, haven't, Erickson, Robert Gauthier, Julie French Organizations: Kahului, AFP, Getty, NBC, Maui, Facebook, Los Angeles Times Locations: Maui, Kahului, Hawaii, Maui County, Instagram, Palm Springs, Texas, Lahaina , Hawaii, Washington, U.S, Pennsylvania, Lahaina, Lahaina , West Maui, Kihei, Australia

It also could throw a wrench into the upcoming holiday shopping season that is a make-or-break period for retailers, including Amazon.com (AMZN.O), the largest UPS customer. If approved, the deal would raise pay for 340,000 UPS workers and eliminate a two-tier wage system for drivers. UPS cut its full-year revenue and profitability targets earlier this month, citing higher-than-expected labor costs and business lost during the tumultuous contract talks with the Teamsters. Under the contract deal, current full- and part-time workers will get $2.75 more per hour in 2023, and $7.50 more per hour over the length of the contract, according to the Teamsters. General wage increases for part-time workers will be double the amount obtained in the previous UPS Teamsters contract - and existing part-time workers will receive a 48% average total wage bump, addressing a key sticking point in talks, the union said.

Persons: Sergio Martinez, Mike Blake, Lisa Baertlein, Paul Simao Organizations: REUTERS, Teamsters, United Parcel Service, International Brotherhood of Teamsters, UPS, UAW, Detroit, Unions, Pilots, FedEx, UPS Teamsters, Thomson Locations: Los Angeles , California, U.S, Atlanta, Los Angeles, Bengaluru

☆ Hugues Fabrice Zango: Triple-jumper wins Burkina Faso’s first gold medal at World Athletics Championships
▼ + stars: | 2023-08-22 | by ( Ben Church | ) edition.cnn.com time to read: +1 min

CNN —Burkina Faso’s Hugues Fabrice Zango made history on Monday by winning his nation’s first-ever gold medal at the World Athletics Championships with victory in the triple jump. “Look at my big, big, big smiling mouth,” Zango told reporters, per Reuters. 2 Zango has been flirting with winning gold for quite some time. He won bronze at the 2019 World Athletics Championships, before picking up silver at the 2022 edition. He also won bronze at the Tokyo Olympics in 2022.

Persons: Burkina Faso’s Hugues Fabrice Zango, ” Zango, “, Zango, ” Cuba’s Lazaro Martinez, Cristian Napoles Organizations: CNN, Burkina, Reuters, Tokyo Locations: Budapest, Hungary

☆ Triple jumper Zango soars to Burkina Faso's first-ever world gold
▼ + stars: | 2023-08-21 | by ( Lori Ewing | ) www.reuters.com time to read: +1 min

BUDAPEST, Aug 21 (Reuters) - Burkina Faso's Hugues Fabrice Zango soared to victory in the men's triple jump for the country's first-ever World Athletics Championships gold on Monday, while 18-year-old title favourite Jaydon Hibbert of Jamaica pulled out injured. 2 in the world, jumped 17.64 metres on his fifth of six attempts to overtake Cuba's Lazaro Martinez, who won silver with 17.41 after fouling on three of his attempts. The 30-year-old Zango won his country's first Olympic medal with bronze in Tokyo. He was the silver medallist at the 2022 worlds and third in 2019. Hibbert, who has the best jump in the world this season - 17.87 - ran through the pit on his first attempt and clutched his hamstring.

Persons: Burkina Faso's Hugues Fabrice Zango, Jaydon Hibbert, Jamaica, Zango, Cuba's Lazaro Martinez, Martinez, Cristian Napoles, Hibbert, Lori Ewing, Ken Ferris Organizations: Thomson Locations: BUDAPEST, Tokyo

[1/2] Monrovia NSU CHALLENGER bulk carrier transits the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama April 19, 2023. The Panama Canal Authority has reduced maximum ship weights and daily ship crossings in a bid to conserve water. Container ships are the most common users of the Panama Canal and transport more than 40% of consumer goods traded between Northeast Asia and the U.S. East Coast. Some shipping executives are bracing for more reductions later this year, noting that in 2020 a less severe drought prompted canal operators to reduce crossings to 27 per day. "The Panama Canal is just the latest example."

Persons: Aris Martinez, Max, Drew Lerner, Peter Sand, Steve Ferreira, STRI's Steven Paton, Paton, Brian Bourke, Lisa Baertlein, Marianna Parraga, Elida Moreno, Louise Breusch Rasmussen, Deepa Babington Organizations: Monrovia NSU CHALLENGER, REUTERS, ANGELES, Evergreen Marine, Pacific, Panama Canal Authority, Northeast, U.S ., Smithsonian Tropical Research, El Nino, Central American, Canal Authority, SEKO Logistics, Thomson Locations: Cocoli, Panama, Panama City, HOUSTON, China, U.S, Northeast Asia, U.S . East Coast . U.S, United States, Chile, Brazil, Suez, Gatun Lake, El, U.S . East Coast, Los Angeles, Houston, Copenhagen

☆ Villa hit back with big win over Everton
▼ + stars: | 2023-08-20 | by ( ) www.reuters.com time to read: +3 min

BIRMINGHAM, England, Aug 20 (Reuters) - Aston Villa claimed their first three points of the Premier League season as John McGinn, Douglas Luiz, Leon Bailey and Jhon Duran scored to secure an emphatic 4-0 home win over Everton on Sunday. "Last week was tough for us, full respect for Newcastle, they did a job on us," McGinn told Sky Sports. Villa opened the scoring through McGinn, who turned in Bailey's cutback in the 18th minute to put the hosts ahead at Villa Park. The Merseyside club lost another key attacker to injury as Alex Iwobi was taken off with what looked like a hamstring issue, before Bailey scored Villa's third. Everton host Wolverhampton Wanderers on Saturday and Villa travel to Scotland to face Hibernian in the first leg of a Europa Conference League playoff tie on Wednesday.

Persons: Aston, John McGinn, Douglas Luiz, Leon Bailey, Jhon Duran, Unai, McGinn, we've, Villa, Bailey's, Jordan Pickford, Ollie Watkins, Dominic Calvert, Lewin, Emiliano Martinez, Lewis Dobbin, Idrissa Gueye, Alex Iwobi, Bailey, Michael Keane, Duran, Pickford, Ashley Young, Keane, Sean Dyche, Aadi Nair, Ed Osmond Organizations: Aston Villa, Premier League, Everton, Newcastle United, Newcastle, Sky Sports, Villa Park, Villa, Fulham, Merseyside, BBC, Wolverhampton Wanderers, Hibernian, Europa Conference League, Thomson Locations: BIRMINGHAM, England, Bailey's cutback, Villa, Scotland, Bengaluru

☆ Portugal's Olympic champion Pichardo out of worlds with back injury
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +1 min

Tokyo 2020 Olympics - Athletics - Men's Triple Jump - Medal Ceremony - Olympic Stadium, Tokyo, Japan - August 5, 2021. Gold medallist, Pedro Pablo Pichardo of Portugal celebrates on the podium REUTERS/Dylan Martinez/File Photo Acquire Licensing RightsBUDAPEST, Aug 18 (Reuters) - Portugal's Olympic triple jump champion Pedro Pichardo will not defend his world title in Hungary because of lower back pain. The Portuguese federation announced his withdrawal on Thursday, noting the nagging injury had sidelined him from several events this season including the domestic championships. The 30-year-old Pichardo is the latest reigning champion to pull out of the global showcase event that begins on Saturday. United States 400 metres hurdles Olympic champion and world record holder Sydney McLaughlin-Levrone said last week that she would miss the worlds due to a "minor knee issue."

Persons: Pedro Pablo Pichardo, Dylan Martinez, Pedro Pichardo, Sydney McLaughlin, Levrone, Michael Norman, Norman, Lori Ewing, Ken Ferris Organizations: Rights, United, Thomson Locations: Tokyo, Japan, Portugal, Hungary, Portuguese, United States

☆ How Mexican narcos use remittances to wire U.S. drug profits home
▼ + stars: | 2023-08-18 | by ( Reuters Graphic | ) www.reuters.com time to read: +28 min

Now the news agency is the first to detail how Mexican drug gangs have harnessed legitimate remittance networks to repatriate their U.S. drug profits, and the factors that make this activity so difficult for authorities to detect and thwart. But authorities say Mexican drug cartels are piggybacking on this legal network to repatriate earnings from U.S. narcotics sales. A Reuters search of Mexican court records dating back to 2012 turned up no cases involving money laundering through remittances. Still, prosecutors in those cases mentioned several of those firms in court documents because they said the defendants had used their platforms to wire drug money. His office did not respond to requests for comment about law enforcement allegations that Mexican cartels are using remittances to launder drug money.

Persons: Money, ”, “, Andrés Manuel López Obrador, ” Jorge Godínez, ” Godínez, John Cornyn of, Chuck Grassley, ” Grassley, pocketing, John Horn, remitters ”, Horn, – Oscar Gustavo Perez, Bernal, Itzayana Guadalupe Perez, Susan Fiorella Ayala, Chavez –, Los, –, Jose Luis Rosales, Ocampo, Josue Gama, Perez, Thania Rosales, Dulce Rosales, – Ana Lilia Leal, Martinez, Ana Paola Banda, Maria de Lourdes Carbajal, Henri Watson, Carbajal, Sigue, Sangita Bricker, Transfast –, ” Sigue, Transfast, fanny, Juan de Dios Gámez, Rubén Rocha, BanCoppel, Banorte, hadn’t, El, López Obrador, ” López Obrador, Signos, Signos Vitales, Oquitoa, Enrique Cardenas, Tim Walz, Keith Ellison Organizations: Sinaloa Cartel, Reuters, Jalisco New, Mexican, WorldRemit, ., National Intelligence, narcos, U.S, Republican U.S, Treasury, U.S . Department of, U.S ., Financial Intelligence Unit, “, Federal Bureau of Prisons, Los Rosales, Kansas City, ”, Leal, IDT Corporation, IDT, Mastercard, Express Cellular, Prosecutors, IRS, Western Union, U.S . Department of Justice, Federal Trade Commission, ‘, Banco Azteca, Elektra, World Bank, Minnesota, Caborca Locations: CULIACÁN, Mexico, Mexican, Culiacán, Sinaloa, United States, Jalisco, U.S, Colorado, Union, Americas, London, John Cornyn of Texas, Iowa, Ohio, Colorado , Georgia , Ohio , Oklahoma , Texas, Virginia, Washington, Georgia, Atlanta, Columbus, Rosales, Nayarit, Michoacan, Missouri, Texas, Florida, New Jersey, Miami, , New Jersey, Ria, Kansas, California, New York, Western, Sinaloan, Costa Rica, BanCoppel, India, China, Mexico City, Minnesota, Arizona , Colorado , Florida , Illinois, New Mexico, Nevada, Oquitoa, Sonora

☆ Reid Detmers loses no-no in 8th as Angels blank Rangers
▼ + stars: | 2023-08-17 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

August 17 - Reid Detmers carried a no-hitter into the eighth inning and the Los Angeles Angels prevailed in a 2-0 pitchers' duel against the Texas Rangers on Wednesday night in Arlington, Texas. Detmers (3-9), who recorded the Angels' most recent no-hitter on May 10, 2022, but did not allow a hit until Marcus Semien's one-out double in the eighth. After Angels reliever Reynaldo Lopez got the last two outs in the eighth, Angels closer Carlos Estevez took over in the bottom of the ninth. In the eighth, Semien's one-out double was followed by an intentional walk to Corey Seager. Thaiss gave the Angels an insurance run in the ninth, homering to center field off Josh Sborz.

Persons: Reid Detmers, Marcus Semien's, Detmers, Shohei Ohtani, Matt Thaiss, Reynaldo Lopez, Carlos Estevez, Mitch Garver, J.P, Martinez, Estevez, Jon Gray, Gray, Mickey Moniak, Ohtani, Semien's, Corey Seager, Lopez, Adolis Garcia, Nathaniel Lowe, Thaiss, homering, Josh Sborz Organizations: Los Angeles Angels, Texas Rangers, Angels, Rangers, American League, Thomson Locations: Arlington , Texas, Los Angeles, Texas

TENERIFE, Canary Islands, Spain, Aug 17 (Reuters) - Firefighters on Thursday struggled to contain a wildfire that broke out in a mountainous national park on the Spanish island of Tenerife, prompting authorities to evacuate at least 3,800 people. "The night has been very tough...This is the most complex fire we've had in the Canary Islands in the last 40 years," the region's leader, Fernando Clavijo, told a news conference. [1/5]EIRIF forest firefighters work during the extinction of the forest fire in Arafo on the island of Tenerife, Canary Islands, Spain August 16, 2023. Last week, a heatwave in the Canary Islands left many areas bone dry, heightening the risk of wildfires. This summer, firefighters have extinguished a series of forest fires on the islands of Gran Canaria and La Palma, which form part of the Canary Islands archipelago.

Persons: Alba Gil, we've, Fernando Clavijo, Pedro Martinez, Borja Suarez, Clavijo, Teide, Aena, Andrei Khalip, Christina Fincher, Alexandra Hudson Organizations: REUTERS, Authorities, Gran Canaria, La, Alexandra Hudson Our, Thomson Locations: TENERIFE, Canary Islands, Spain, Tenerife, La Esperanza, Canary, Europe, Canada, Lahaina, Arafo, El Rosario, La Orotava, Spanish, Gran

Monrovia NSU CHALLENGER bulk carrier transits the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama April 19, 2023. The Panama Canal is important for moving consumer goods from Asia to the United States, especially ahead of peak selling seasons like Christmas. The Canal also is maintaining a suspension of extraordinary auctions for transit slots in both locks through Sep. 2. "Demand remains high, which proves that the Panama Canal is still competitive in most segments, even with measures taken to save water," the authority added. The Panama Canal has a 40%-market share of containers moving from Northeast Asia to the U.S. East Coast.

Persons: Aris Martinez, Elida Moreno, Marianna Parraga, Gary McWilliams, Grant McCool Organizations: Monrovia NSU CHALLENGER, REUTERS, PANAMA CITY, Panama Canal Authority, Canal Authority, U.S ., Thomson Locations: Cocoli, Panama, Panama City, PANAMA, Asia, United States, South, Pacific Coast, Northeast Asia, U.S . East Coast

☆ Messi magic continues as Inter Miami reach Leagues Cup final
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +1 min

[1/5] Aug 15, 2023; Chester, PA, USA; Inter Miami CF forward Lionel Messi (10) misses a shot against the Philadelphia Union the second half at Subaru Park. Mandatory Credit: Bill Streicher-USA TODAY Sports Acquire Licensing RightsAug 15 (Reuters) - Lionel Messi notched his ninth goal in six matches as Inter Miami crushed Philadelphia Union 4-1 to reach the Leagues Cup final on Tuesday. Philadelphia, who made the MLS Cup final last year and have a dominant record at home, were poised to be Miami's biggest test since the latter added the Argentinean striker to their roster last month. Miami will face either CF Monterrey or Nashville SC, who play later on Tuesday, in Saturday's Leagues Cup final, Miami's first final appearance in club history. The win also mean Miami will play in their first ever CONCACAF Champions League next year.

Persons: Lionel Messi, Bill Streicher, Josef Martinez, Serhiy Kryvtsov, Messi, Martinez, Andre Blake, Jordi Alba, Alejandro Bedoya, David Ruiz, Miami's, Rory Carroll, Muralikumar Organizations: Inter Miami CF, Philadelphia Union, Subaru Park, Inter Miami, Philadelphia, Leagues, MLS, Miami, Union, CF Monterrey, Nashville SC, Saturday's Leagues, CONCACAF Champions League, Thomson Locations: Chester , PA, USA, Philadelphia, Miami, Los Angeles

☆ J.D. Martinez looks to spark Dodgers vs. Brewers
▼ + stars: | 2023-08-16 | by ( Field Level Media | ) www.reuters.com time to read: +3 min

Martinez showing diminished power and run production in 2022, the Los Angeles Dodgers took a chance by giving him a $10 million deal for 2023. Martinez returned from an eight-day break to face the Milwaukee Brewers in the opener of a three-game series Tuesday, and the teams will meet again Wednesday at Los Angeles. In 17 career starts against the Brewers, Kershaw is 7-5 with a 2.97 ERA. Three Brewers pitchers saw action in the inning as the Dodgers sent 10 batters to the plate. "We make the play for the second out and it's probably a different inning," Brewers manager Craig Counsell said.

Persons: J.D, Martinez, Mookie Betts, Freddie Freeman, haven't, Clayton Kershaw, Kershaw, Wade Miley, Miley, Adrian Hauser, Andruw Monasterio, Craig Counsell Organizations: Los Angeles Dodgers, Dodgers, Milwaukee Brewers, Los, Brewers, SportsNet, Colorado Rockies, Milwaukee, Rangers, American League West, Chicago Cubs, Cincinnati Reds, National League Central, Thomson Locations: Los Angeles, Texas

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