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☆ How Elon Musk could benefit from a second Trump presidency
▼ + stars: | 2024-07-26 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

Read previewWith a few pen strokes, Donald Trump could make many of Elon Musk's problems go away. But Musk also stands to gain with a new administration controlling federal regulations. But with Trump as president, Musk wouldn't even need to dismantle the so-called "administrative state" to get federal agencies out of his way. As president, Trump could direct the Justice Department and other executive agencies to drop any actions against Trump and his friends' businesses, Gernhardt told BI. Existing federal laws from the EPA and Department of Interior could be relaxed, Blanchard said.

Persons: —, Donald Trump, Elon, Musk, Joe Biden, Trump, JD Vance —, Michael Gerhardt, Gernhardt, Jilian Blanchard, Blanchard, Gerhardt Organizations: Service, Business, University of North, SEC, SpaceX, Justice Department, Good Government, National Environmental, EPA, Department of Interior, Securities, Exchange Commission, Twitter, Interior Department Locations: Ohio, Silicon, University of North Carolina, Chevron, Texas

☆ Singapore is considered one of the best-designed cities in the world. The man who masterminded it has 2 regrets.
▼ + stars: | 2024-07-26 | by ( Amanda Goh | ) www.businessinsider.com time to read: +9 min

Read previewTowering skyscrapers, candy-colored public housing apartment blocks, and lush green spaces — Singapore has long been recognized for its meticulous urban planning. AdvertisementCreating bicycle paths for the city"When I was in the HDB, I raised the issue of planning bicycle paths for citizens," Liu told Business Insider. Liu says he wishes he had developed bike sections for roads and incorporated bicycle paths into streets. Related storiesAdditionally, bicycle paths can boost local economies, as cyclists are more likely to stop at local businesses, he said. fiftymm99Indeed, Singapore's public housing apartments are home to about 80% of the country's resident population today.

Persons: —, Liu Thai Ker, who's, Liu, Thomas Schroepfer, Schroepfer, John Pratt, Rita Padawangi, Taro Hama Organizations: Service, Business, Morrow Architects, Planners, Housing Development Board, Urban Redevelopment Authority, The Straits Times, Singapore University of Technology, Design, Ministry of National Development, Keystone, Singapore University of Social Sciences Locations: Singapore, Copenhagen, Amsterdam, Singapore's, Sands, Ubin, Pulau Ubin, kamakura

☆ Coinbase UK unit fined $4.5 million by British regulator over 'high-risk' customer breaches
▼ + stars: | 2024-07-25 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Photo Illustrating Coinbase in Suqian, Jiangsu Province, China on June 6, 2023 (Photo Illustration by Costfoto/NurPhoto via Getty Images)British regulators fined Coinbase's U.K. arm £3.5 million ($4.5 million) on Thursday over breaching a voluntary agreement designed to stop the cryptocurrency exchange from onboarding "high-risk customers." CB Payments Limited (CBPL) is part of the Coinbase Group, which operates a global crypto trading platform. In October 2020, CBPL entered into a voluntary agreement with the U.K.'s Financial Conduct Authority (FCA), accepting restrictions that prevented it from taking on new customers that the regulator considered high-risk. However, CBPL breached the agreement and onboarded and served 13,416 of so-called high-risk customers, the FCA said. These funds were used to make withdrawals and execute crypto transactions via other Coinbase entities, totaling approximately $226 million.

Persons: CBPL, Therese Chambers, Coinbase Organizations: Getty Images, Payments, Coinbase, Authority, FCA Locations: Suqian, Jiangsu Province, China

☆ Newsom Orders California Officials to Remove Homeless Encampments
▼ + stars: | 2024-07-25 | by ( Shawn Hubler | ) www.nytimes.com time to read: +1 min

Gavin Newsom ordered California state officials on Thursday to begin dismantling thousands of homeless encampments, the nation’s most sweeping response to a recent Supreme Court ruling that gave governments greater authority to remove homeless people from their streets. Homeless encampments have vexed California, where housing costs are among the nation’s highest, more than any other state. An estimated 180,000 people were homeless last year in California, and most of them were unsheltered. Unlike New York City, most jurisdictions in California do not guarantee a right to housing. Mr. Newsom, a Democrat, called on state and local leaders to “humanely remove encampments from public spaces” in an urgent manner, prioritizing those that most threaten health and safety.

Persons: Gavin Newsom, Newsom Organizations: New, Democrat, Democratic Locations: California, New York City

☆ Britain will soon lay out new plans to regulate 'buy now, pay later' firms like Klarna after delays
▼ + stars: | 2024-07-25 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Buy now, pay later firms like Klarna and Block's Afterpay could be about to face tougher rules in the U.K.Britain's new Labour government will soon set out updated plans to regulate the "buy now, pay later" industry, a government spokesperson told CNBC. "Regulating Buy Now Pay Later products is crucial to protect people and deliver certainty for the sector," the Treasury spokesperson told CNBC via email Thursday. The government first set out plans to regulate the sector in 2021. BNPL plans are flexible credit arrangements that enable a consumer to purchase an item and then pay off their debt at a later date. Most plans charge customers a third of the purchase value up front, then take the remaining payments the following two months.

Persons: Block's, Tulip Siddiq, Siddiq, Keir Starmer's, Christopher Woolard, BNPL, — Organizations: Labour, CNBC, Treasury, . Treasury, Keir Starmer's Labour Party, Financial Locations: Britain

☆ 'Deadpool & Wolverine' has one end-credits scene — here's what happens
▼ + stars: | 2024-07-25 | by ( Olivia Singh | ) www.businessinsider.com time to read: +5 min

Read previewWarning: Major spoilers ahead for "Deadpool & Wolverine." "Deadpool & Wolverine" is finally in theaters, and you're going to want to stick around until the very end. Although the character sacrificed himself in the 2017 movie "Logan," Jackman returns as a Wolverine variant in "Deadpool & Wolverine." 20th Century FoxIn "Deadpool & Wolverine," Chris Evans reprises his role as the lovable-yet-cocky Johnny Storm/Human Torch. The "Deadpool & Wolverine" end-credits scene milks Evans' cameo for everything it's worth by elaborating on the moment that led to Johnny's brutal death.

Persons: —, Shawn Levy, Ryan Reynolds, Wade Wilson, Deadpool, Hugh Jackman's Logan, Wolverine, Jackman, Fox Jackman, Logan, Reynolds, Patrick Stewart, Charles Xavier, X, Halle, Chris Evans, Johnny Storm Chris Evans, Johnny Storm, Steve Rogers, Captain America, Johnny, they're, Cassandra Nova, Emma Corrin, Cassandra, Jay Maidment, what's, milks Evans, Wade, he's Organizations: Service, Business, Marvel, Halle Berry, Century Fox, Disney, Fox, TVA, Marvel Studios

☆ Revolut clinches UK banking license, ending three-year wait
▼ + stars: | 2024-07-25 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Revolut cards is seen in this illustration photo taken in Krakow, Poland on March 29, 2024. British fintech startup Revolut said on Thursday that it had received a banking license with restrictions from the U.K.'s Prudential Regulation Authority, bringing to an end a three-year wait. The London-headquartered firm now has time to build up its U.K. banking infrastructure and operations ahead of officially launching. Revolut first applied for its banking license in 2021, but it has faced lengthy delays. A U.K. banking license will allow Revolut to take customer deposits and also issue products like loans and credit cards.

Persons: Francesca Carlesi, Revolut, Revolut's financials, — CNBC's Ryan Browne Organizations: Prudential, Authority, Barclays, CNBC Locations: Krakow, Poland, British, London, U.K

☆ To understand what's going on in 'Deadpool & Wolverine,' read this quick recap of what's happened with the 'X-Men' characters since 2000
▼ + stars: | 2024-07-24 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +8 min

Read previewHugh Jackman has finally returned to play the iconic Marvel hero Wolverine, AKA Logan, in "Deadpool & Wolverine." Deadpool and Wolverine first crossed paths in 'X-Men: Origins - Wolverine'Ryan Reynolds as Deadpool and Hugh Jackman as Wolverine in "X-Men: Origins - Wolverine." Advertisement"X-Men Origins: Wolverine" is infamous among fans for its terrible depiction of Wolverine's history and key characters from the "X-Men" universe. It was a tongue-in-cheek way of wiping "X-Men Origins: Wolverine" from the history books. Hopefully, "Deadpool & Wolverine" will live up to fans' high expectations when it arrives in theaters on July 26.

Persons: —, Hugh Jackman, Wolverine, It's, Logan, Jackman, Ryan Reynolds, Fox, X, Patrick Stewart, Ian McKellen, Jean Grey, Famke Janssen, Reynolds, Wade Wilson, William Stryker, Danny Huston, Stryker, Deadpool, Michael Fassbender, Dafne Keen, Jean, He's, Yashida, Stewart, McKellen, Laura, Stefan Kapičić, Fox Reynolds, Ed Skrein, Josh Brolin, Russell Collins, Julian Dennison, Collins, Collins doesn't, Vanessa, Morena Organizations: Service, Marvel, Disney, Century Fox, Business, of Mutants, Studios Audiences, Force, Studios, Cable Locations: Logan, Canada, Japan

☆ Trump Lawyers Distance Themselves From Alina Habba in Fraud-Trial Appeal
▼ + stars: | 2024-07-24 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Read previewIt's been 10 months since Donald Trump's New York civil-fraud defense lawyers were ordered to pay $7,500 each in sanctions for filing repetitive and frivolous legal motions. The brief argues that in sanctioning the civil-fraud defense lawyers in September, the judge improperly referenced two prior Habba matters that resulted in sanctions for her and Trump. AdvertisementHabba wasn't among the five fraud-trial defense lawyers hit with the small, largely symbolic sanctions last September because her name wasn't on the motions Engoron attacked as "frivolous." Habba and other Trump lawyers didn't immediately respond to a request for comment on the appeal. AdvertisementA nearly $500 million judgment — set by Engoron in February against Trump, The Trump Organization, and key longtime executives — remains on hold during Trump's appeal.

Persons: —, Donald Trump's, Arthur Engoron, Alina Habba, Trump, Hillary Clinton, Engoron, Clifford Robert, Michael Farina, Christopher Kise, Armen Morian, Michael Madaio, who's, Robert, Farina, Kise, Morian, — weren't, Letitia James, didn't Organizations: Service, New, Business, Trump, Engoron, The Trump Organization, Associated Press Locations: York, Florida, Bedminster , New Jersey, New York

☆ How CrowdStrike caused a global IT meltdown and what comes next
▼ + stars: | 2024-07-24 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +24 min

But this was not a Microsoft issue. Tom ChittyWe're going to talk more about who CrowdStrike are, I think, you know, some people would probably never have heard of CrowdStrike. Lots and lots and lots of global businesses rely on CrowdStrike for their security. I had first seen that and thought it was a Microsoft issue, the reason why Windows crashed on my PC. It was a CrowdStrike issue.

Persons: Tom Chitty, We'll, I've, Arjun Kharpal, you've, Tom Chitty We're, let's, Arjun Kharpal CrowdStrike, George Kurtz, Kharpal, CrowdStrike, they're, it's, they've, Tom Chitty Well, what's, Arjun Kharpal We'd, Iyou, It's, who've, there's, Ciaran Martin, Patrick Anderson, Arjun, Tom, Tom Chitty We'll Organizations: Microsoft, Industries, CNBC, Netflix, NBC, Sky News, Tom Chitty Airlines, Civil Aviation, CrowdStrike, U.S, Board, U.S . Homeland Security Department, Google, National Cybersecurity Center, Anderson Economic Group, CNN Locations: U.S, beyondthevalley@cnbc.com, CNBC's London, London, Europe, China, Russia, Arjun Kharpal China, Moscow, what's, Michigan

☆ Fierce storm topples tree at Cambodian Angkor temple complex, killing 1 and damaging statues
▼ + stars: | 2024-07-24 | by ( Story Ap | ) edition.cnn.com time to read: +2 min

CNN —One person was killed and three others were injured at Cambodia’s famed centuries-old Angkor temple complex when a large tree was blown down onto their vehicle during a fierce rainstorm, the government said Wednesday. Police respond after a storm toppled a tree, killing one person and damaging statues at the Angkor archaeological site in Siem Reap, Cambodia, on Tuesday, July 23, 2024. Thmey Thmey Online News/APSeveral statues on the balustrade of what is called Tonle Oum Gate were also damaged by the falling tree, the statement said. The agency later announced that the tree had been removed and the entrance was again accessible to visitors. The Angkor site sprawls across some 155 square miles, containing the ruins of capitals of various Cambodian empires from the 9th to the 15th centuries.

Persons: Thmey Organizations: CNN, Tourism Ministry, Siem Reap Provincial Administration, Police, National Authority Locations: Angkor, Siem Reap, Phnom Penh, South, Southeast Asia, Siem Reap Provincial, Cambodia

☆ House votes to set up bipartisan task force to investigate Trump assassination attempt
▼ + stars: | 2024-07-24 | by ( Clare Foran | Annie Grayer | ) edition.cnn.com time to read: +3 min

CNN —The House voted on Wednesday to create a bipartisan task force to investigate the attempted assassination of former President Donald Trump. A resolution to establish the task force was approved in an overwhelmingly bipartisan vote of 416 to 0. The House task force will be made up of seven Republicans and six Democrats and will have subpoena authority, House Speaker Mike Johnson and House Democratic leader Hakeem Jeffries announced this week. Congress has moved swiftly to investigate the security failures that led to the shooting on July 13. On Monday, Cheatle was grilled at length by the House Oversight Committee over security failures related to the assassination attempt.

Persons: Donald Trump, Mike Johnson, Hakeem Jeffries, Johnson, Jeffries ’, “, ” Johnson, Kimberly Cheatle, Cheatle, Trump, Christopher Wray, Trump’s, John F, Kennedy, Jeffries, Donald J, CNN’s Lauren Fox, Jeremy Herb Organizations: CNN, Republican, House Democratic, Congress, Secret Locations: Pennsylvania, Butler , Pennsylvania

☆ Early-Morning Escalator Fire at Kennedy Airport Injures 10
▼ + stars: | 2024-07-24 | by ( Lola Fadulu | More About Lola Fadulu | ) www.nytimes.com time to read: +1 min

Ten people were injured and nearly 1,000 were evacuated after an escalator caught fire at Kennedy International Airport on Wednesday morning, airport officials said. The escalator, in Concourse C of Terminal 8, started emitting smoke around 7:15 a.m., according to the Port Authority of New York and New Jersey, which operates the airport. The Fire Department and Port Authority police officers responded, and about 990 travelers were taken by bus to other areas of the terminal, according to the Port Authority. Eleven U.S. and international airlines, including American Airlines, British Airways and Japan Airways, use Terminal 8. American Airlines said that three of its 89 total departing flights from the airport on Wednesday had been canceled because of the evacuation.

Organizations: Kennedy International Airport, Port Authority of New, Fire Department, Port Authority, American Airlines, British Airways, Japan Airways Locations: Concourse, Port Authority of New York, New Jersey

One person survived the Saurya Airlines crash, the Civil Aviation Authority said in a statement. The Saurya Airlines plane caught fire at the airport in Kathmandu, Nepal on July 24, 2024. Last year, Nepal saw its worst plane crash in more than 30 years when at least 68 people died when a Yeti Airlines flight went down near Pokhara. In early 2018, a US-Bangla Airlines flight from Bangladesh’s capital Dhaka to Kathmandu crashed on landing and caught fire, killing 51 people. And in 2016, a Tara Air flight crashed while flying the same route as the 2023 crash.

Persons: Gyanendra, Navesh Chitrakar, Sujan Gurung Organizations: CNN, Saurya Airlines, Civil Aviation Authority, Nepal, Tribhuvan International Airport, Aircraft, International, Yeti Airlines, Bangla Airlines Locations: Yemeni, Kathmandu, Pokhara, Nepal, Dhaka

☆ $1 million hypothetical portfolios: How kids from wealthy families at an elite Swiss school learn about money
▼ + stars: | 2024-07-24 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

Research shows taking a financial education class in high school does pay off. "Let's not leave financial education to TikTok," she said. Let's not leave financial education to TikTok. Yanely Espinal director of educational outreach at Next GenMany studies also show there is a strong connection between financial literacy and financial well-being. In addition, a study by the Brookings Institution in 2018 found that teenage financial literacy is positively correlated with asset accumulation and net worth by age 25.

Persons: dem Rosenberg, dem Rosenberg Bernhard Gademann, It's, Gademann, Tim Ranzetta, Yanely Espinal, Espinal, Let's, Yanely, Christiana Stoddard, Carly Urban Organizations: dem, Finance, Research, Tyton Partners, CNBC, Financial Wellness, National Endowment, Financial Education, Financial, Investor Education Foundation, Brookings Institution Locations: St . Gallen, Switzerland

☆ Trump Lawyers Distance Selves From Alina Habba in Fraud-Trial Appeal
▼ + stars: | 2024-07-24 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Read previewIt has been 10 months since Donald Trump's New York civil-fraud defense lawyers were ordered to pay $7,500 each in sanctions for filing repetitive and frivolous legal motions. The brief argues that in sanctioning the civil fraud defense lawyers in September, the judge improperly referenced two prior Habba matters that resulted in sanctions for her and Trump. Habba and other Trump lawyers did not immediately respond to a request for comment on the appeal. AdvertisementA nearly $500 million judgment — set by Engoron in February against Trump, the Trump Organization, and key longtime executives — remains on hold during Trump's appeal. Of that sum, Trump personally owes $471 million, as of Tuesday, including $17 million in post-judgment interest.

Persons: —, Donald Trump's, Arthur Engoron, Alina Habba, Trump, Hillary Clinton, Engoron, Habba, Clifford Robert, Michael Farina, Christopher Kise, Armen Morian, Michael Madaio, Robert, Farina, Kise, Morian, James Organizations: Service, New, Business, Trump, Engoron, Trump Organization, Associated Press Locations: York, Florida, Bedminster , New Jersey, New York

☆ Salt Lake City to host 2034 Winter Games while French Alps get tentative 2030 nod
▼ + stars: | 2024-07-24 | by ( David K. Li | ) www.cnbc.com time to read: +3 min

International Olympic Committee President Thomas Bach with Salt Lake City Utah delegation members after it was announced that Salt Lake City Utah will be the location for the 2034 Winter Olympics. PARIS — The Winter Games will make a return visit to Salt Lake City in 2034 while the 2030 Olympics were tentatively set for the French Alps, officials said Wednesday. "The last 10 days of my life were totally unexpected," Fraser Bullock, head of the Salt Lake City bid, told NBC affiliate KSL minutes after the vote for Salt Lake City. But with an 83-6 vote for Salt Lake City to host, Bullock said he believes the IOC has total confidence in 2034 organizers. The naming of Salt Lake City and French Alps as the next two winter sites had been in the works for months, with only moderate concerns rooted in France's snap elections.

Persons: Thomas Bach, PARIS —, Spencer Cox, Erin Mendenhall, Peacock, Fraser Bullock, Bullock, Utahans, Kaitlin Eskelson, it's, Emmanuel Macron Organizations: Olympic, Utah Gov, Olympic Committee, Winter, IOC, Doping Agency, U.S, NBC, KSL, Washington, Eccles, University of Utah, United Locations: Salt Lake City Utah, PARIS, Salt Lake City, Salt Lake, Paris, Tokyo, Utah, Rice, United States, Lake Placid, Squaw, France, Chamonix, Grenoble, Albertville, French

☆ Army Sees No Link to Blast Exposure in Maine Gunman’s Mental Issues
▼ + stars: | 2024-07-23 | by ( Dave Philipps | ) www.nytimes.com time to read: 1 min

An Army investigation into the October 2023 mass shooting committed by an Army Reserve soldier, Robert Card II, found that a number of factors contributed to the Army’s inaction as Mr. Card’s mental health careened toward violence, including procedural breakdowns, missteps by commanders and rules that restrict military authority over reserve soldiers when they are out of uniform. But the report said the Army saw no link between his mental health problems and the years he spent working as a grenade instructor, repeatedly exposed to explosions on the practice range. Every summer for eight years, Mr. Card taught cadets at the U.S. Military Academy at West Point to use heavy weapons, including machine guns and shoulder-fired anti-tank guns. For five of those years, he worked on the grenade range, where about 2,400 grenades exploded over a two-week period. By age 40, he wore hearing aids.

Persons: Robert Card, Card Organizations: Army Reserve, Army, U.S . Military Academy

☆ Hamas and Fatah sign agreement in Beijing ‘ending’ their division, Chinese state media says
▼ + stars: | 2024-07-23 | by ( Simone Mccarthy | Isaac Yee | ) edition.cnn.com time to read: +5 min

CNN —Palestinian factions including rivals Hamas and Fatah have signed an agreement on “ending division and strengthening Palestinian unity,” Chinese broadcaster CCTV said Tuesday, following a deal brokered by China. There is a long history of bitter enmity between Hamas in Gaza and Fatah. Israel launched its military operations in Gaza following Hamas’ October 7 attack that killed more than 1,100 people and saw roughly 250 others kidnapped. Around 39,000 Palestinians have died in Israel’s war in Gaza that has triggered a mass humanitarian crisis and widespread destruction. Hamas and Fatah signed a reconciliation agreement in Cairo in October 2017 under pressure from the Arab states, led by Egypt.

Persons: Fatah, Wang Yi, ”, ” Wang, Mousa Abu Marzook, “, ” Abu Marzook, –, Xi Jinping, Benjamin Netanyahu, Israel, ’, Rami Hamdallah Organizations: CNN, Hamas, PLO, Palestine Liberation Organization, Palestinian Authority, West Bank, China’s Foreign Ministry, Palestinian Locations: China, Beijing, Israel, Gaza, Oslo, Fatah, United States, Cairo, Egypt

☆ Stablecoins have 'great potential' to be a solution for cross-border payments, fintech firm says
▼ + stars: | 2024-07-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStablecoins have 'great potential' to be a solution for cross-border payments, fintech firm saysRita Liu, CEO of RD Technologies, discusses its participation in the stablecoin issuer sandbox launched by the Hong Kong Monetary Authority.

Persons: Rita Liu Organizations: RD Technologies, Hong Kong Monetary Authority

While most checks clear within two business days or less, banks can place longer holds on checks for a variety of reasons. Banks place holds on checks to make sure that the check payer has the bank funds necessary to clear it. Eligible checks include cashier's checks, certified checks, teller's checks, and government checks. FAQsWhy do banks place holds on checks? Banks place holds on checks for a number of reasons, and it doesn't mean the deposit won't ever go through.

Persons: Banks, what's, they've Organizations: Federal Reserve, US Postal Service, Chevron

☆ Harris has championed more progressive ideas than Biden
▼ + stars: | 2024-07-23 | by ( Tami Luhby | Meg Tirrell | ) edition.cnn.com time to read: +9 min

The Biden administration, along with congressional Democrats, broadened access to health insurance by temporarily beefing up the federal premium subsidies for Affordable Care Act policies. Providing middle class tax reliefAs a senator, Harris proposed providing middle-class and working families with a refundable tax credit of up to $6,000 a year (per couple) to help keep up with living expenses. Harris also campaigned on the measure – titled the LIFT the Middle Class Act, or Livable Incomes for Families Today – during her earlier presidential run. Like Trump, Harris proposed allowing the federal government to set “a fair price” for any drug sold at a cheaper price in any economically comparable country, including Canada, the United Kingdom, France, Japan or Australia. As California’s attorney general, Harris joined other states in pursuing several drugmakers for their pricing or practices, winning multimillion-dollar settlements.

Persons: Kamala Harris, Donald Trump, Joe Biden’s, Biden, Harris, Sen, Bernie Sanders ’, ” Harris, Sanders, Roe, Wade, ”, Kelly Baden, ” Baden, –, Trump, ’, John Gimigliano, Harris ’ Organizations: CNN, Affordable, Wall Street, Congressional, White, Guttmacher Institute, Biden, Today –, KPMG’s, KPMG’s Washington National Tax, Trump, Profit Locations: Minnesota, Biden’s, KPMG’s Washington, Canada, United Kingdom, France, Japan, Australia

☆ An Unbending Leader’s Crackdown Rains Carnage on Bangladesh
▼ + stars: | 2024-07-23 | by ( Mujib Mashal | ) www.nytimes.com time to read: +1 min

For those watching from outside, Prime Minister Sheikh Hasina of Bangladesh presents a compelling story. Over her 15 of 20 total years at the helm, Ms. Hasina has deeply entrenched her authority and divided this nation of 170 million people. Those who kissed the ring were rewarded with patronage, power and impunity. The sustained protests that have convulsed Bangladesh this month are a backlash against Ms. Hasina’s formula for power: absolute, disconnected and entitled. Her bloody crackdown, which has left at least 150 people dead, has grown into the biggest challenge ever to her dominance, just months after she steamrolled to a fourth consecutive term as prime minister.

Persons: Sheikh Hasina, Hasina, steamrolled Locations: Bangladesh, India, China

☆ Google has admitted defeat by abandoning its plan to eliminate cookies. But the ad industry should wait before popping the Champagne.
▼ + stars: | 2024-07-23 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +7 min

Early industry testing of the Privacy Sandbox tools designed to emulate online targeting produced fairly dire results. Google won't escape regulatory scrutinyIt's unclear whether keeping cookies would allow Google to shake off regulators' grasp of its Privacy Sandbox. In 2022, Google pledged to give the UK's Competition and Markets Authority oversight of its Privacy Sandbox rollout and Chrome cookie removal. A key question now is whether Google's commitments to the CMA need to change now that third-party cookies remain in the mix. And there isn't a clear answer about the future governance of the Privacy Sandbox, to ensure Google doesn't preference its own ad products.

Persons: —, Ciaran O'Kane, Bobby Ewing, Jon Snow, they'd, Googler Organizations: Service, Business, Google, YouTube, Apple, CMA

☆ Congress Leaders Agree to Form Task Force on Trump Assassination Attempt
▼ + stars: | 2024-07-23 | by ( Luke Broadwater | More About Luke Broadwater | ) www.nytimes.com time to read: +1 min

Speaker Mike Johnson and Representative Hakeem Jeffries, the House minority leader, have struck a deal to form a bipartisan task force to lead the congressional investigations into the attempted assassination of former President Donald J. Trump. The two leaders planned to announce their deal for the task force, which would be led by Republicans who control the House but would be nearly evenly divided between them and Democrats, later Tuesday morning. “The security failures that allowed an assassination attempt on Donald Trump’s life are shocking,” Mr. Johnson, of Louisiana, and Mr. Jeffries, of New York, said in a joint statement. “The task force will be empowered with subpoena authority and will move quickly to find the facts, ensure accountability, and make certain such failures never happen again.”The task force, which they said was being stood up “in response to bipartisan demands for answers,” is to be made up of seven Republicans and six Democrats. That is an uncommonly narrow split in the House, where the majority usually gives itself a substantial partisan edge on committees to ensure that its side maintains a firm grip on power.

Persons: Mike Johnson, Hakeem Jeffries, Donald J, Trump, Donald Trump’s, Mr, Johnson, Jeffries, ” Organizations: Republicans Locations: Louisiana, New York

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