DIRS.INFO The most relevant business & tech news

☆ SEC fines six major credit rating agencies over failure to keep electronic records
▼ + stars: | 2024-09-03 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —The US Securities and Exchange Commission fined six major credit rating organizations a total of $49 million for their “significant failures” to keep electronic communications. Moody’s Investor Services and S&P Global Ratings agreed to pay the heftiest fines, a $20 million civil penalty each. Fitch Ratings agreed to pay $8 million, A.M. Best Rating Services agreed to pay $1 million, HR Ratings de México, S.A. de C.V. $250,000, and Demotech agreed to pay $100,000, respectively. That included an associate managing director making off-channel comments about credit rating clients. “Moody’s is fully committed to upholding our regulatory record-keeping obligations, and we are pleased to put this matter behind us,” a Moody’s spokesperson said in a statement.

Persons: Demotech, ”, Sanjay Wadhwa, A.M, Demotech “, Fitch, México, “ Organizations: New, New York CNN, US Securities and Exchange, Moody’s Investor Services, Fitch, S.A, SEC, Services, P Global, CNN Locations: New York, SEC’s

☆ Game of inches: Lobster fishermen say tiny change in legal sizes could disrupt imperiled industry
▼ + stars: | 2024-08-14 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +6 min

Lobster fishing is a game of inches, and the number of inches is about to change. Fishing regulators are instituting a new rule that lobster fishermen must abide by stricter minimum sizes for crustaceans they harvest. The changes do not apply in Canada, which has an even larger lobster fishing industry than the U.S. Some scientists who study the fishery have supported the minimum size change. But the lobster industry sees a different story, said Patrice McCarron, executive director of the Maine Lobstermen’s Association, the oldest and largest fishing industry association on the East Coast.

Persons: Gerry Cushman, ” Cushman, ”, Caitlin Starks, Robert F, Erica Fuller, ” Fuller, “, Barre Campbell, Geoff Irvine, ” Irvine, John Sackton, Sackton, Richard Wahle, Patrice McCarron, lobsterman, Jared Golden, Golden Organizations: Associated Press, Atlantic States Marine Fisheries Commission, Conservation Law Foundation, Scientists, Atlantic, Fisheries, Oceans, Lobster Council of Canada, University of Maine, Maine Lobstermen’s Association, Democratic Locations: PORTLAND, Maine, New England, Port Clyde, Canada, Head , Maine, of Maine, Gulf of Maine, U.S, Oceans Canada, China, East Coast

☆ White House aims to make it easier for consumers to get refunds, cancel subscriptions
▼ + stars: | 2024-08-12 | by ( Josephine Rozzelle | Josie Rozzelle Is A Cnbc Digital Rotational Associate Covering Politics. | ) www.nbcnews.com time to read: +4 min

“I think we can all relate to this,” White House domestic policy advisor Neera Tanden told reporters Friday. Dubbed the “Time is Money” initiative, the actions will make it easier for consumers to cancel subscriptions, get refunds, submit health care and insurance forms online, and access high-quality customer service. Another existing effort cited by the White House is a June 2023 FTC proposal to target companies that use deceptive customer feedback practices, like fake reviews. None of the actions that make up the “Time is Money” initiative will require congressional approval, a senior administration official said. The White House has pursued aggressive antitrust regulations and taken a highly skeptical approach to crypto currencies, both of which have rankled Wall Street.

Persons: Neera Tanden, ”, Biden, Kamala Harris, Broad, Harris, ” Tanden, policyholders, Xavier Becerra, Julie Su, “ Organizations: Biden, House, Democratic, Consumer Financial Protection Bureau, Federal Communications Commission, Federal Trade, FTC, of Health, Human Services, of Labor, Department of Transportation, Republicans, Representatives, White House

☆ Tulsa commission will study reparations for 1921 race massacre victims and descendants
▼ + stars: | 2024-08-05 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

Officials in Tulsa, Oklahoma, announced the creation of a new commission to recommend how reparations can be made for a 1921 massacre that destroyed a thriving Black community in the city. Both reports called for financial reparations, which Tulsa Mayor G.T. The program would be for survivors of the massacre as well as descendants of victims and other residents of north Tulsa, where the massacre occurred. She praised Bynum for establishing the commission and said reparations can include all items listed, though she strongly supports financial payments. In June, the Oklahoma Supreme Court dismissed a lawsuit by the last two known massacre survivors, Viola Fletcher, 110, and Lessie Benningfield Randle, 109, that sought restitution for the destruction.

Persons: Tulsa Mayor G.T, Bynum, Commission’s, ” Bynum, Vanessa Hall, Harper, ”, Monroe Nichols, “ We’ve, Nichols, Viola Fletcher, Lessie Benningfield Randle, Emmett Organizations: District, Tulsa Mayor, National Guard, Oklahoma Legislative Black Caucus, Tulsa, Oklahoma Supreme, U.S . Department of Justice, NBC Locations: Tulsa , Oklahoma, Tulsa, Greenwood, Oklahoma

☆ One Ukrainian journalist’s mission to stop Russian and Belarusian athletes competing at the Paris Olympics
▼ + stars: | 2024-08-04 | by ( Svitlana Vlasova | ) edition.cnn.com time to read: +14 min

Journalist Artem Khudolieiev was another Ukrainian who felt passionately that Russian and Belarusian athletes shouldn’t be allowed to compete at the Paris Olympics for having openly supported the war in Ukraine. As a result, he started checking the social media output of Russian and Belarusian athletes as well as watching videos of various events held in the two countries. There are those who also sympathize with Russian athletes,” Vadym Gutzeit, head of the Ukrainian National Olympic Committee, said in an interview with CNN. We have nothing further to add.”The Russian Olympic Federation did not respond to CNN’s request for comment regarding Larin and Khramtsov. “The Russian Judo Federation condemns the unsportsmanlike method of qualification, which is geared to undermine the principles of unity of our team and break the spirit of Russian athletes,” said Soloveichik.

Persons: Elina Svitolina, Wladimir Klitschko, Artem Khudolieiev, shouldn’t, ” Khudolieiev, Svitlana Vlasova, CNN “, ”, Khudolieiev, “, ” Vadym Gutzeit, let’s, ” Vladislav Larin –, –, Larin, Maxim Khramtsov, Khramtsov, Putin, Viacheslav, ” Gutzeit, Sergey Soloveichik Organizations: CNN —, Paris Olympics, CNN, Ukraine, Olympic Committee, Olympic Games, Watchers Media, National Olympic Committee, Ministry of Sport, Olympics, Ukrainian National Olympic Committee, Russian, Tokyo, Khudolieiev, Olympic, World Taekwondo, Swiss Foundation for Mine, Publishing, IOC, Russian Olympic Federation, “ Posts, International, Russian Federation, Military Games, Russian Judo Federation Locations: Ukrainian, Ukraine, Russia, Belarus, Russian, Kharkiv, “, Belarusian, AIN, Paris

☆ Live Election Updates: Harris, Biden and Trump All in Spotlight as 2024 Sprint Begins
▼ + stars: | 2024-07-24 | by ( Chris Cameron | ) www.nytimes.com time to read: +4 min

President Biden’s announcement on Sunday that he would leave the presidential race effectively pushed Donald J. Trump and the Republican National Convention from the spotlight. A Trump campaign spokesman did not immediately respond to request for comment. But Mr. Biden’s announcement on Sunday that he would exit the presidential race effectively pushed Mr. Trump and his convention from the spotlight. The Trump campaign also filed a complaint on Tuesday with the Federal Election Commission accusing Mr. Biden and Ms. Harris of violating campaign finance laws by rolling Mr. Biden’s campaign funds over to Ms. Harris. The complaint, filed by Mr. Warrington, came after Mr. Biden’s team had amended the name of its campaign committee on Sunday to Harris for President.

Persons: Biden’s, Donald J, Trump, Biden, David Warrington, Kamala Harris, Warrington, Gerald Ford, —, Nixon, Nielsen, Trump’s, NBC —, Harris Organizations: Republican National Convention, ABC, NBC, CBS, The New York Times, Trump, Federal Communications Commission’s, — ABC, Federal, Mr Locations: Pennsylvania, Milwaukee, Warrington, Charlotte, N.C

☆ Trump Demands Equal Airtime in Light of Biden’s Planned Address
▼ + stars: | 2024-07-23 | by ( Michael Gold | Jim Rutenberg | ) www.nytimes.com time to read: +1 min

Ahead of President Biden’s planned prime-time address from the Oval Office on Wednesday night, former President Donald J. Trump and his campaign sent a letter to ABC, NBC and CBS on Tuesday demanding that Mr. Trump be given equal airtime. Mr. Biden is expected to address his decision to end his re-election campaign and outline his plans for the rest of his time in office. In a social media post, he wrote that he would discuss “what lies ahead, and how I will finish the job for the American people.”But in the letter, which was obtained by The New York Times, the Trump campaign’s general counsel, David Warrington, asserted in advance of Mr. Biden’s speech that it would most likely address Mr. Biden’s endorsement of Vice President Kamala Harris as his successor. Based on that assumption, Mr. Warrington wrote, “it appears that President Biden’s speech will not be a bona fide news event, but rather, a prime-time campaign commercial.” Citing the Federal Communications Commission’s “equal time” rule, Mr. Warrington insisted that Mr. Trump be given similar time on air, arguing that Mr. Biden’s address was a “campaign speech,” even as Mr. Biden is no longer technically a candidate for the presidency.

Persons: Biden’s, Donald J, Trump, Biden, David Warrington, Kamala Harris, Warrington Organizations: ABC, NBC, CBS, The New York Times, Trump, Federal Communications Commission’s

☆ Judge Refuses to Block F.T.C.’s Noncompete Ban as Lawsuits Play Out
▼ + stars: | 2024-07-23 | by ( Danielle Kaye | ) www.nytimes.com time to read: +1 min

A federal judge in Pennsylvania on Tuesday declined to block the Federal Trade Commission’s ban on noncompete agreements, diverging from another judge’s recent finding that the agency’s move was on shaky legal ground. The decision clears one obstacle to the F.T.C.’s move to prohibit virtually all noncompete agreements, which prohibit employees from switching jobs within an industry and affect roughly one in five American workers. Several business groups sued to block the ban as soon as the F.T.C. voted to adopt it in April, saying it would limit their ability to protect trade secrets and confidential information. Denying the company’s motion for a preliminary injunction, she said the lawsuit was unlikely to ultimately prevail on the merits.

Persons: Judge Kelley Brisbon Hodge Organizations: Federal Trade, ATS Tree Services, Eastern, Eastern District of Pennsylvania, ATS Locations: Pennsylvania, U.S, Eastern District, “

☆ Apple Settles E.U. Case by Opening Its Payment Service to Rivals
▼ + stars: | 2024-07-11 | by ( Adam Satariano | More About Adam Satariano | ) www.nytimes.com time to read: +1 min

Apple will for the first time allow banks, payment services and other app developers to use the underlying technology behind Apple Pay to make rival tap-and-go payment services, settling a long-running European Union antitrust investigation, regulators said on Thursday. The agreement applies only in the European Union, where consumers could see an influx of new apps and services to make payments on the go. Apple has until now refused to grant rivals access to the payment technology on iPhones, known as near field communication, essentially forcing people to use Apple Pay. “Apple has committed to allow rivals to access the ‘tap and go’ technology of iPhones,” Margrethe Vestager, the European Commission’s executive vice president, who oversees competition policy, said in a statement. The announcement on Thursday does not apply to Apple Watch, which also has tap-and-go payment technology, an E.U.

Persons: Apple, ” Margrethe Vestager Organizations: Apple, European Union, Apple Watch

☆ Beijing steps up probe into EU brandy imports as trade tensions deepen after tariffs on Chinese EVs
▼ + stars: | 2024-07-08 | by ( Laura He | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Beijing has intensified its anti-dumping investigation into imports of European brandy. The announcement came on the same day as the European Commission’s additional provisional tariffs on imports of Chinese-made electric vehicles came into effect. On Saturday, the China Association of Automobile Manufacturers, a state-backed auto association, said it was “strongly dissatisfied” with the additional EU tariffs on Chinese EVs and considered them “unacceptable.”Major stakeholders are bracing for retaliatory moves by Beijing. China’s probe into Europe’s cognac is a tit-for-tat reaction to EU action on Chinese EVs, said Jean-Jacques Guiony, chief financial officer of LVMH (LVMH), at an economic conference on Saturday, according to a Reuters report. The European Commission, the EU’s executive arm, announced last month that it would hike tariffs on Chinese EVs.

Persons: “, Jean, Jacques Guiony, LVMH, Hennessy, ” Organizations: Hong Kong CNN —, EU, China Association of Automobile Manufacturers, EV, European Commission, of America Locations: Hong Kong, Hong Kong CNN — Beijing, China, Beijing, French, France, “ Beijing

☆ What is the NFP and who will be France’s next prime minister?
▼ + stars: | 2024-07-07 | by ( Christian Edwards | ) edition.cnn.com time to read: +5 min

Now, it looks set to win the most seats in the French parliament and could provide France with its next prime minister. The NFP is made up of several parties: the far-left France Unbowed party; the more moderate Socialist Party; the green Ecologist party; the French Communist Party; the center-left Place Publique, and other small parties. Going into the second round, it was not clear who the coalition would nominate to be its prime minister. Its most prominent – and divisive – figure is Jean-Luc Mélenchon, a 72-year-old populist firebrand and longtime leader of the France Unbowed party. Announcing his intention to resign Monday as prime minister, Gabriel Attal said, in an apparent swipe to France Unbowed: “No absolute majority can be led by the extremes.

Persons: Emmanuel Macron, “, Olivier Faure, ”, Emmanuel Dunand, Jean, Luc Mélenchon, France Unbowed, Gabriel Attal, Faure, Louise Delmotte, –, Macron Organizations: CNN, Front, NFP, Socialist Party, Ecologist, French Communist Party, Vichy, Getty, Macron’s, Ifop, Parliament, Hamas Locations: France, Paris, AFP, –, Republic, Republique, Palestinian, Israel, Gaza

☆ Who is Jordan Bardella and what might his far-right party do in power?
▼ + stars: | 2024-07-04 | by ( Christian Edwards | ) edition.cnn.com time to read: +11 min

Handpicked as leader by National Rally (RN) doyenne Marine Le Pen in an effort to purge the far-right party of its racist and antisemitic roots, Bardella has taken it closer to the gates of power than ever before. Whether the RN forms a government and Bardella becomes prime minister after the July 7 runoff is not clear. So, who is Bardella, and what might his party do in power? Le Pen and Bardella address a crowd of RN supporters in Paris, after Macron called a snap election, June 9, 2024. When the prime minister and president belong to different parties – in a rare arrangement known as “cohabitation” – things can grind to a halt.

Persons: CNN — Jordan, –, Bardella, Emmanuel Macron’s, France’s, Denis, Le Pen, Le Pen’s, Louis Aliot, Le, Macron, Julien De Rosa, Freed, Jean, Marie Le Pen, Franco, Paris Anne Hidalgo, Luc Mélenchon, ” Bardella, Julien de Rosa, Gabriel Attal, ” Mujtaba Rahman, Mario Draghi, Giorgia Meloni, Benito Mussolini, Matteo Salvini, Vladimir Putin, Antonio Masiello, Hungary’s Viktor Orban –, Macron – Organizations: CNN, National Rally, National Assembly, Front, Sorbonne university, Getty, Macron’s Ensemble, Immigrants, Ministry of, Armed Forces, New Popular Front, EU, Eurasia Group, European Union Locations: Paris, France, Europe, Seine, Macron, AFP, Vichy, Spanish, Brussels, Italy, Ukraine, Kyiv, Russia

☆ Judge Backs Challenge to F.T.C.’s Noncompete Ban, at Least for Now
▼ + stars: | 2024-07-03 | by ( Danielle Kaye | ) www.nytimes.com time to read: 1 min

A federal judge on Wednesday backed an initial legal challenge to the Federal Trade Commission’s ban on noncompete agreements, which is scheduled to take effect in September. Judge Ada Brown granted an injunction requested by several plaintiffs, saying the ban cannot be enforced against them pending a final ruling. But while the ruling is preliminary, she said that the F.T.C. lacked “substantive rule-making authority” with respect to unfair methods of competition and that the plaintiffs were “likely to succeed on the merits” of their challenge. Judge Brown, of U.S. District Court for the Northern District of Texas, said she expected to issue a final decision by the end of August.

Persons: Judge Ada Brown, Judge Brown Organizations: Federal Trade, Northern, Northern District of Locations: U.S, Northern District, Northern District of Texas

☆ Meta accused of breaking European law with its ‘pay or consent’ model
▼ + stars: | 2024-07-01 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +1 min

London CNN —Facebook parent Meta has been accused of breaking Europe’s new digital competition rules over its “pay or consent” advertising model. Late last year, Meta (META) launched a service called “Subscription for no ads,” allowing European users of Facebook and Instagram to pay up to €12.99 ($14) a month for ad-free versions. The alternative is to accept versions with personalized ads. “’Subscription for no ads’ follows the direction of the highest court in Europe and complies with the DMA,” a Meta company spokesperson told CNN. “We look forward to further constructive dialogue with the European Commission to bring this investigation to a close.”This is a developing story and will be updated.

Organizations: London CNN, Facebook, Meta, European Commission, Digital Markets, CNN Locations: Europe

☆ Markets unfazed as Donald Trump has much better debate night than Joe Biden
▼ + stars: | 2024-06-28 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

London CNN —President Joe Biden had a shaky performance in last night’s presidential debate, triggering panic in the Democrat camp. Former President Donald Trump, meanwhile, repeated multiple falsehoods while doubling down on his record of cutting taxes and hiking tariffs during his first presidential term. If repeated in a second Trump term, many economists fear that kind of agenda could stoke inflation at a critical moment and add to America’s rapidly growing debt mountain. That could pull the typical year-end election relief rally forward, said Ed Clissold, chief US strategist at Ned Davis Research. The US dollar has also been reactive — it edged higher as initial CNN polling found that Trump was viewed as the winner of the debate.

Persons: Joe Biden, Donald Trump, shrugged, ”, Keith Lerner, Barack Obama, Trump, Lerner, Ed Clissold, Ned Davis, Antonio Ernesto Di Giacomo, “, Goldman Sachs ’ Scott Rubner, Jonas Goltermann, Emmanuel Macron, Katie Nixon, France’s, CDK, Ramishah Maruf, Eva Rothenberg, aren’t, they’ve, Scott Campbell, CNN they’ve, Jordan Valinsky, Tim Wentworth Organizations: London CNN, Democrat, Trump, “, Biden, Ned, Ned Davis Research, Investors, Capital Economics, CNN, Renaissance, Northern Trust Wealth Management, CAC, CDK, Auto, Capital City Buick GMC, Bloomberg, Walgreens Locations: France, “, North America, United States, Canada, Berlin , Vermont, Eastern Europe, America

☆ France is set for its most consequential election in decades. Here’s what you need to know
▼ + stars: | 2024-06-27 | by ( Christian Edwards | ) edition.cnn.com time to read: +12 min

CNN —France’s snap parliamentary election is one of the most momentous in decades, for both the country and the rest of Europe. Politicians rarely call an election when their party trails in the polls and there is no need to do so. Although Macron was elected to a second presidential term in 2022, his party failed to win an outright parliamentary majority. One theory about why Macron called an election now is that France might soon have been forced to the polls anyway. With Le Pen seeming increasingly likely to succeed him as president in 2027, this election may force her party to take up responsibility beforehand.

Persons: CNN —, Emmanuel Macron, he’ll, ” Kevin Arceneaux, …, France’s, Macron, Pen, Antonio Masiello, –, Laure Boyer, Hans Lucas, Gabriel Attal – Macron’s, Jordan Bardella, Bardella, Le Pen, Denis, Eric Ciotti, Jordan Bardella's, Julien De Rosa, Jean, Luc Mélenchon, Raphaël, Sylvain Thomas, Mujtaba Rahman, “, Rahman, ”, Jordan, we’re, Macron –, I’m Organizations: CNN, Paris hamstrung, –, Sciences Po, Fifth, Assembly, National Assembly, Palais Bourbon, Getty, Sorbonne university, Socialists, New, Eurasia Group Locations: Europe, France, Paris, Fifth Republic, Italy, AFP, Seine, Montpellier, Brussels, Ukraine, Kyiv, Russia

☆ CNN presidential debate marks a pivotal moment for the network as it hopes to reverse its fortunes
▼ + stars: | 2024-06-26 | by ( Hadas Gold | ) edition.cnn.com time to read: +8 min

CNN —CNN on Thursday will do something no network has done in more than 35 years – host its own general election presidential debate. Thursday night’s presidential debate, a marketing coup for CNN and its new chief executive, Mark Thompson, will offer the network a bright spot – and expectations of record ratings, even if viewers end up watching the debate on other networks. No matter where viewers tune in to watch the primetime matchup between President Joe Biden and former President Donald Trump, it will be clear this is a CNN debate. Rival networks, for example, have agreed to use CNN in the programming title and keep the red CNN logo on screen throughout the debate. For CNN, the branding boost from the debate may provide a much-needed shot in the arm.

Persons: Mark Thompson, Joe Biden, Donald Trump, Chris Licht, Kaitlan Collins, Licht, Thompson, ”, Biden, It’s, David Chalian, “, aren’t, ” Frank Fahrenkopf, “ regrettably, “ The, Harris, George W, Bush, Al Gore, Alan Schroeder, ” Schroeder, Trump, Jake Tapper, Dana Bash, “ Trump, ” Chalian, Jake, Dana, Fahrenkopf, they’ll, Schroeder Organizations: CNN, MSNBC, Fox, Nielsen, Trump, “ The Biden, Harris Campaign, ABC, NBC, Northeastern University, Biden

☆ Germany Hopes to Head Off a Trade War With China
▼ + stars: | 2024-06-22 | by ( Keith Bradsher | ) www.nytimes.com time to read: +1 min

With billions of dollars in trade between China and the European Union at stake, Germany’s second-highest cabinet official called on Saturday for the two sides to engage in talks to try to resolve an escalating dispute over tariffs. Robert Habeck, who is Germany’s vice chancellor and minister for economic affairs and climate, said that he expected talks to begin soon between China and European officials. Still, he added that tariffs could be justified if the commission’s concerns about China’s subsidies for its electric car industry were not resolved. This month, the European Commission, the executive body of the European Union, proposed tariffs of up to 38 percent on electric cars from China, on top of an existing 10 percent tariff on imported cars. The commission said it found that China’s electric car sector was heavily subsidized by the government and state-controlled banking system.

Persons: Germany’s, Robert Habeck Organizations: European Union, European Commission Locations: China

One by one, each country with the money and the drive to compete started its own nuclear weapons program. Even with this kind of evidence in hand, science has reached only limited conclusions about how nuclear weapons testing affects individuals’ health. They helped create the 2021 Treaty on the Prohibition of Nuclear Weapons, signed by 93 countries, which bans the possession, use and testing of nuclear weapons. France has acknowledged its “debt” to Polynesians over nuclear testing, and it created a commission in 2010 to evaluate nuclear testing victim compensation claims, but it has never apologized. We are still wrestling with the damage wrought by testing nuclear weapons in our past.

Persons: —, Ernest Moniz, Barack Obama, ” Mr, Moniz, Trump, Trump’s, Biden, United States ’, Republic of Kiribati —, we’re, Robert Oppenheimer’s, Oppenheimer, Ben Wyatt, King Juda, Harry Truman, Oppenheimer’s, Karina Lester, ”, Willard F, Libby, Louis, couldn’t, Merril Eisenbud, Hinamoeura, Britain —, “, it’s, John Moody, Benetick Kabua Maddison, Maddison, Benetick, It’s, Vladimir Putin Organizations: Las, Washington, United States, Marshall, Embassy, D.C, Marshalls, U.S, Navy, United, Soviet Union, Britain, Atomic Energy Commission, St, Louis University, Washington University School of Dental Medicine, Bravo, U.S . Navy, Atomic Energy, Centers for Disease Control, Polynesia —, Nuclear Weapons, ., Pacific Mart, Educational, America Locations: U.S, Japan, United States, Russia, China, Nevada, Soviet Union, — Semipalatinsk, Kazakhstan, Reggane, Algeria, Montebello, Australia, Republic of Kiribati, Marshall Islands, Republic, Washington, Hiroshima, New Mexico, Las Vegas, Marshall, Hawaii, Philippines, Bikini, Atoll, Soviet, Africa, Polynesia, Xinjiang, The, Britain Britain, Britain, American, Kwajalein Atoll, France, France France, Tahiti, Nagasaki, Asia, Europe, India, Pakistan, North Korea, United, Kwajalein, Hawaii , California, Washington and Oregon, Arkansas, Springdale, you’re, Rhode Island, Moscow

☆ The U.N. Report on Israeli and Palestinian War Crimes: What We Know
▼ + stars: | 2024-06-13 | by ( Erika Solomon | ) www.nytimes.com time to read: +1 min

A commission at the United Nations published a report on Wednesday detailing acts of violence in Israel and the occupied Palestinian territories, accusing both sides of war crimes and arguing that the immense loss of life in the Gaza Strip amounted to a crime against humanity. The report consisted of two parallel investigations, one focused on the Oct. 7 attack on Israel led by the armed Palestinian group Hamas, and the other on Israel’s military response. What did the report find? According to the report, 800 civilians were among the more than 1,200 killed by Hamas and other armed Palestinian groups involved in the Oct. 7 attack on Israel. More than 250 additional people — including 36 children — were taken hostage, the commission said.

Persons: — Organizations: United Nations, Hamas Locations: Israel, Gaza

☆ Europe risks trade war with China by hiking tariffs on its electric cars
▼ + stars: | 2024-06-12 | by ( Hanna Ziady | ) edition.cnn.com time to read: +7 min

The European Commission, the EU’s executive arm, launched the probe in October to establish whether Chinese EV prices are artificially low because of subsidies and so hurt European carmakers. Europe is the main destination for Chinese EV exports. The new EV tariffs are likely to kick off intense negotiations between Beijing and Brussels aimed at averting a damaging trade war. Many of them manufacture cars in China and then sell them in Europe, a set-up that will be more costly as a result of the higher tariffs. Alternatively, Beijing could pledge investment into EU countries and promise better market access in China for EU firms, the Rhodium analysts wrote.

Persons: ” Will Roberts, BYD, Roberts, …, Olaf Scholz, ”, Joe Biden, Olesya Dmitracova, Mark Thompson, Shawn Deng, Alex Stambaugh Organizations: London CNN, European Union, European Commission, Commission, Volvo, SAIC, EV, EU, Rho Motion, China’s Ministry of Commerce, Rho, Renault’s, CNN, “, France EU, Group Locations: China, Beijing, European, Brussels, Washington, EU, Europe, Renault’s Dacia, “ Beijing, Germany, France, Spain, United States, Hungary, London, Hong Kong

☆ Will Hunter Biden Go to Jail? Here’s What His Sentence Could Look Like
▼ + stars: | 2024-06-11 | by ( Zach Montague | ) www.nytimes.com time to read: +1 min

When the judge presiding over Hunter Biden’s federal gun trial sentences him, she will have to weigh a number of unusual factors specific to his case. Mr. Biden was convicted on Tuesday of three violations that rarely go to trial — all stemming from his failure to disclose his use of illegal drugs when he bought a gun in 2018. The charges included illegally possessing a firearm, giving a false statement in buying it, and providing that false statement to a licensed gun dealer responsible for making sure guns are sold only to properly qualified customers. From 2019 to 2023, just 48 defendants were sentenced in a similar category as Mr. Biden, and 92 percent were sentenced to serve prison time with a median prison term of 15 months, according to the commission’s data. Around 8 percent of people in that category received probation or a fine.

Persons: Hunter, Biden, Biden’s Organizations: United States Sentencing Commission

☆ European elections 2024: What’s at stake in the world’s biggest multi-country vote
▼ + stars: | 2024-06-06 | by ( Luke Mcgee | ) edition.cnn.com time to read: +11 min

CNN —One of the world’s largest democratic exercises gets underway this week, with some 373 million people across the European Union eligible to vote in elections for the next European Parliament. Pedestrians walk past a banner displayed on the building of the European Parliament in Brussels on May 17, 2024. The European Parliament sits primarily in Brussels, Belgium, but moves roughly once a month to Strasbourg, France. National elections are set to take place in France in 2027, in which right-wing populist Le Pen could emerge victorious. There are EPP members (and certainly ECR members) who will agree with ID members on matters such as immigration and climate change.

Persons: Kenzo Tribouillard, Germany’s Ursula von der Leyen, Ursula von der Leyen, Giorgia Meloni, Yara Nardi, Pen, Emmanuel Macron’s, What’s, Simona Granati, der Leyen, Von der Leyen, it’s Organizations: CNN, European Union, Voters, EU, Getty, European Commission, European Council, Italian, European, European People’s Party, EPP, Progressive Alliance of Socialists, European Conservatives, ECR, Corbis, Von Locations: Ukraine, Gaza, EU, Brussels, AFP, European, Belgium, Strasbourg, France, Lampedusa, China, Europe, Italian, Rome, Italy, Germany

☆ Former N.J. Attorney General Takes the Stand in Menendez Bribery Trial
▼ + stars: | 2024-06-06 | by ( Tracey Tully | Benjamin Weiser | ) www.nytimes.com time to read: +1 min

New Jersey’s former attorney general, Gurbir S. Grewal, took the stand on Thursday afternoon in Senator Robert Menendez’s bribery trial, becoming the most prominent official to testify against the senator, a fellow Democrat. Mr. Grewal was expected to offer details about telephone calls from Mr. Menendez and a brief meeting the two had in September 2019 in the senator’s office in Newark. Being called as a witness in a criminal trial was an unusual role for Mr. Grewal, a former federal prosecutor who now leads the U.S. Securities and Exchange Commission’s enforcement division. Mr. Menendez turned to look directly at Mr. Grewal as he walked slowly to the stand. Mr. Uribe, who was charged last year in the alleged bribery conspiracy, pleaded guilty in March and is now cooperating with prosecutors.

Persons: Gurbir S, Grewal, Robert Menendez’s, Menendez, Mr, Jose Uribe, Uribe’s, Uribe Organizations: U.S . Securities, Exchange, Prosecutors Locations: Newark

☆ Oreo-maker Mondelez fined $366 million for rigging European markets
▼ + stars: | 2024-05-23 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +2 min

London CNN —Mondelez, the maker of Oreo and Cadbury Dairy Milk chocolate, has been fined €337.5 million ($366 million) for hindering the trade of chocolate, cookies and coffee between European Union countries in order to keep prices high. Margrethe Vestager, the EU’s competition chief, said in a statement Thursday that Mondelez had illegally limited cross-border sales within the EU to maintain higher prices for its products. The European Commission, which started looking into the case in 2019, found that Mondelez International (MDLZ) had deliberately restricted cross-border trade and abused “its dominant position” in some national markets for the sale of chocolate bars. Mondelez made an accrual for the fine last year and no further measures will be necessary to finance it. In another case, Mondelez required a customer to charge higher prices for exports compared with domestic sales.

Persons: London CNN — Mondelez, Margrethe Vestager, Mondelez, “, Mark Thompson Organizations: London CNN, Cadbury, Union, European Commission, Mondelez International, EU Locations: Netherlands, Belgium, Germany, Austria, Bulgaria, Romania

Search resuls for: "commission’s"

25 mentions found