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☆ Fox News and right-wing media ignore Trump’s embrace of far-right conspiracy theorist Laura Loomer
▼ + stars: | 2024-09-13 | by ( Jon Passantino | ) edition.cnn.com time to read: +4 min

CNN —Right-wing media outlets are ignoring Donald Trump’s embrace of far-right conspiracy theorist Laura Loomer, shielding their audience from the uproar amid condemnation from top Republicans. In recent days, Donald Trump has mingled with Loomer, the radical conspiracy theorist who has a well-documented history of pushing racist, sexist, Islamophobic and homophobic hate. But right-wing media outlets have largely ignored her close proximity to Trump and the ensuing controversy. That was also the case in other right-wing outlets, including the websites of Breitbart, The Daily Wire, One America News, and The Gateway Pundit. According to the progressive media watchdog Media Matters, Fox News devoted just four minutes to the news over the ensuing three-day period, compared to more than an hour on CNN and MSNBC.

Persons: Donald Trump’s, Laura Loomer, Donald Trump, Loomer, Elon Musk, Trump, Breitbart, It’s, Mike Pence, Trump’s, “, Republican Sen, Lindsey Graham, doesn’t, GOP Sen, Thom Tillis, Rep.Marjorie Taylor Greene, MAGA, ”, disavow Loomer, “ Laura’s, she’s, ” Trump, I’m, Laura Organizations: CNN, Fox News, Daily, America, Fox, Trump, White, Media, MSNBC, Republican, Washington, GOP, Republicans, DNC Locations: Trump, Philadelphia

☆ UK regulator finds Vodafone and Three merger would lead to price rises, seeks remedies for deal
▼ + stars: | 2024-09-13 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

In this article VOD-GB Follow your favorite stocks CREATE FREE ACCOUNTwatch nowBritain's competition watchdog on Friday said it found competition concerns with the proposed merger between Vodafone and the Three UK mobile network owned by CK Hutchison. The U.K. Competition and Markets Authority (CMA) said the deal would lead to price increases for tens of millions of customers or see some users get reduced services. The regulator also warned of a negative impact for so-called Mobile Virtual Network Operators (MVNOs), which piggyback on existing infrastructure. The regulator said Friday the merger would result in higher prices or reduced services, and could "negatively affect those customers least able to afford mobile services." Vodafone said in a separate statement Friday that it disagrees with the findings that the merger would lead to price increases for consumers.

Persons: CK Hutchison, Ahmed Essam, CNBC's, Essam Organizations: Vodafone, CK, The, Competition, Markets Authority, Mobile, Network, CMA, CK Hutchison, MVNOs

☆ Venezuelan opposition leader María Corina Machado tells Sen. Ben Cardin the fight against Nicolás Maduro will go on
▼ + stars: | 2024-09-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | Julie Tsirkin | ) www.nbcnews.com time to read: +3 min

WASHINGTON — Venezuelan opposition leader María Corina Machado told Senate Foreign Relations Chairman Ben Cardin on Wednesday that support from the United States is a “moral reference” for those protesting the government of President Nicolás Maduro, according to a summary of the call obtained first by NBC News. A bipartisan group of senators, including Cardin, issued a joint statement supporting the opposition before the call took place Wednesday. The call with Cardin was the first time Machado has spoken with a U.S. official since González’ exile. Despite that, and the exile of González, Machado insisted that her opposition campaign is still strong and reiterated that Venezuelans are united. “If all Venezuelans that are abroad or young people that were not allowed to register had voted, the result would have been 90 to 10,” against Maduro, Machado said on the call.

Persons: WASHINGTON, María Corina Machado, Ben Cardin, Nicolás Maduro, ” Machado, Cardin, Machado, Maduro, Edmundo González, González, “, ”, ” Sen, Maria Corina Machado, Ben Cardin’s, ” Cardin Organizations: Foreign, NBC News, U.S, Electoral Council, Sunday, Human Rights Watch, . Refugee Agency, Maduro Locations: Venezuelan, United States, D, Venezuela, Spain

☆ Bao Fan: a CEO went missing. Then his bank got a mysterious bill for $11 million
▼ + stars: | 2024-09-12 | by ( Juliana Liu | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —A Chinese investment bank known for making some of the biggest deals in the country’s tech sector during its heyday has revealed it received a massive bill for 78 million yuan ($11 million) related to the disappearance of its star banker, Bao Fan. The request for payment from unspecified Chinese authorities only deepens the mystery surrounding the whereabouts of Bao, who founded boutique investment bank China Renaissance in Beijing in 2005 and made it one of the top dealmakers for Chinese tech firms. He helped broker the 2015 merger between two of the country’s leading food delivery services, Meituan and Dianping. In February 2023, China Renaissance reported him missing amid a wider anti-corruption crackdown. CNN has reached out to the investment bank for additional information.

Persons: Bao Fan, Bao, Mr Bao, Zhonghui, Deloitte Touche Tohmatsu Organizations: Hong Kong CNN, Economic Observer, Central Commission, CNN, Financial Times, China Renaissance, Zhonghui Anda CPA, Deloitte Locations: China, Hong Kong, Beijing, Dianping, Bao, Zhonghui Anda

☆ Student-loan borrowers are getting $100 million in payments after being 'cheated' out of lower bills by a major lender, a federal consumer watchdog says
▼ + stars: | 2024-09-12 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Read previewA yearslong legal battle with a major student-loan company has finally come to an end, and borrowers are getting their money back. The settlement permanently bans Navient from servicing federal loans and prohibits the servicer from managing most loans within the Federal Family Education Loan program. It also requires Navient to pay a $20 million penalty to the CFPB, along with $100 million to impacted borrowers. Last year, for example, Navient agreed to a $198 million settlement with private student-loan borrowers who claimed the lender was collecting debts that should have been discharged in bankruptcy. Along with Navient, the CFPB recently filed a lawsuit against student-loan company PHEAA, accusing it of illegally collecting payments from borrowers who were discharged in bankruptcy.

Persons: —, servicer, Rohit Chopra, Eric Halperin, Navient Organizations: Service, Consumer Financial, Bureau, Business, Family Education, Democratic, PHEAA

☆ Navient reaches $120 million settlement with CFPB for misleading student loan borrowers
▼ + stars: | 2024-09-12 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

Student loan giant Navient has reached a $120 million settlement with the Consumer Financial Protection Bureau over its practices with student loan borrowers, the company tells CNBC. The consumer watchdog agency also accused Navient of steering student loan borrowers into expensive forbearances, causing many to pay steep interest charges. Additionally, CFPB alleged that Navient miscalculated borrowers' payments and tarnished the credit reports of disabled borrowers, including severely injured veterans. At the time, the lender was the largest student loan servicer in the U.S., managing the accounts of more than 12 million people. As part of the settlement, $100 million will be used to make payments to impacted customers, as determined by the CFPB, Navient said.

Persons: Navient, CFPB, servicer Organizations: Consumer Financial, CNBC Locations: U.S

☆ Why the Murdoch family is secretly battling over succession in an obscure Nevada court
▼ + stars: | 2024-09-12 | by ( Hadas Gold | ) edition.cnn.com time to read: +8 min

Last year, Falconi successfully petitioned the Nevada Supreme Court, which ruled that the public has a constitutional right to access Family Court cases. While the court is scheduled to hold evidentiary hearings next week, a decision from the court on media access could come at any time. If a judge does agree to unseal the case, it could have major ripple effects for Nevada family courts. Some have argued that sealing family court cases helps protect the privacy of vulnerable people. Falconi is not working with the media coalition, but said he hopes the national media attention on the Murdoch case will tangentially help his mission.

Persons: Rupert Murdoch, ”, Murdoch’s, — Lachlan, James, Elisabeth, Prudence, Murdoch, Lachlan, James Murdoch, Kamala Harris, Elisabeth Murdoch, Alex Falconi, Falconi, St James, Victoria Jones, ” Falconi, “, “ Doe, Rupert Murdoch “, —, “ They’re Organizations: New, New York CNN, HBO, Fox Corporation, News Corporation, CNN, New York Times, Fox, News Corp, Street, New York Post, Silver State, Nevada, American Civil Liberties Union, Spencer, The New York Times, National Public Radio, Nevada Supreme, News Locations: New York, Reno , Nevada, Australia, Nevada, Washoe, “ Nevada, London

☆ Federal judge allows prediction market Kalshi to offer betting on upcoming US elections
▼ + stars: | 2024-09-12 | by ( Piper Hudspethblackburn | Piper Hudspeth Blackburn | ) edition.cnn.com time to read: +3 min

CNN —A federal judge made way on Thursday for legal political gambling in the United States, rejecting a federal watchdog’s last-minute effort to delay a prediction market from offering bets on the November elections. She also denied a request by the government during Thursday’s hearing to block Kalshi from offering contracts pending its appeal. The CFTC has argued that the contracts count as illegal gambling and that it doesn’t have the resources to monitor them. Its chairman, Rostin Behnam, has also warned that election contracts would “ultimately commoditize and degrade the integrity” the electoral process. Luana Lopes Lara, a co-founder of Kalshi, celebrated the decision on Thursday, writing on X, “WE’RE LIVE.” The CFTC declined to comment.

Persons: Jia Cobb, “, ” Cobb, Kalshi, Rostin Behnam, Luana Lopes Lara, ” Organizations: CNN, Senate, Futures Trading Commission, DC, Kalshi, CFTC Locations: United States, Washington ,, Kalshi, New York

☆ Inside the landmark Google adtech antitrust trial that could transform the $700 billion global digital ad market
▼ + stars: | 2024-09-09 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +9 min

The DOJ and the states are seeking a breakup of Google's adtech business. Separately, they said that while a separation of Google's ad server and its ad exchange would be good for competition in the adtech market, it might drive ad server costs up for publishers. Google's ad server is "a loss leader, they make all their money in AdX," the exec said, referring to Google's ad exchange that connects buyers and sellers. Global regulators have Google in their sights, tooAny unraveling of Google's ad empire would be complex. Over the pond, the European Union said last year it might look to break up Google's adtech business.

Persons: —, Google's, Tim Nollen, isn't gunning, adtech, Macquarie's Nollen, Bietti, Mark Jamison, there's, Arielle Garcia Organizations: Service, Eastern, Business, US Department of Justice, Google, DOJ, Microsoft, Macquarie, Publishers, US Department of, Northeastern University, Public Utility Research Center, Digital Markets, University of Florida, Global, European Union Locations: Virginia, AdX

☆ British competition regulator objects to Google's ad tech practices
▼ + stars: | 2024-09-06 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

LONDON — Britain's competition watchdog on Friday issued a statement of objections over Google's ad tech practices, which the regulator provisionally found are impacting competition in the U.K. In a statement, the Competition and Markets Authority alleged that the U.S. internet search titan "has harmed competition by using its dominance in online display advertising to favour its own ad tech services." The CMA further noted that Google disadvantages ad technology competitors, preventing them from competing on a "level playing field." "Many businesses are able to keep their digital content free or cheaper by using online advertising to generate revenue. The core of this case rests on flawed interpretations of the ad tech sector."

Persons: Juliette Enser, —, Enser, Dan Taylor, Taylor Organizations: Markets Authority, CMA, Google Locations: U.S

☆ Oasis tickets: Ticketmaster probed in the UK over concert sales
▼ + stars: | 2024-09-05 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —Britain’s competition watchdog is investigating Ticketmaster over concerns the company treated customers unfairly when selling tickets to the upcoming Oasis reunion tour. The authority will also consider whether people were pressured to buy tickets quickly at a higher price than they understood they would have to pay. One individual posted on X that he had waited five hours to buy tickets only to receive a message that read: “Your session has been suspended.”Fans should be “treated fairly” when buying tickets, CMA CEO Sarah Cardell said in Thursday’s statement. Ticketmaster faced public scrutiny in November 2022 for its handling of the massively popular Taylor Swift Eras Tour. It was also caught in controversy after a blunder relating to sales of tickets for a concert to celebrate the ascension of King Charles to the British throne.

Persons: London CNN —, Sarah Cardell, Taylor, King Charles Organizations: London CNN, Ticketmaster, Markets, CMA, Digital Markets, Competition, Consumers, ”, CNN Locations: United States

☆ Elon Musk's X can proceed to trial in case against Media Matters after Texas judge denies dismissal request
▼ + stars: | 2024-08-29 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

A federal judge in Texas has ruled against Media Matters and its request to dismiss a lawsuit filed by Elon Musk's X. Because of U.S. District Judge Reed O'Connor's decision on Thursday, X's lawsuit against the nonprofit media watchdog and two of its staff members will proceed to trial on April 7. Attorneys representing X claimed the Media Matters report was "intentionally deceptive" and financially damaged the company. Media Matters and X didn't immediately respond to requests for comment. In August, O'Connor dismissed a request by Media Matters to force Musk to list Tesla as an interested party in X's lawsuit against the nonprofit.

Persons: Elon Musk's, District Judge Reed O'Connor's, Angelo Carusone, O'Connor, didn't, Tesla Organizations: Media Matters, U.S, District, Twitter, Media, Apple, IBM, Disney, X, Unilever, Mars, CVS Health, Elon Musk Locations: Athens, Greece, Texas, California, Meta

☆ UN nuclear watchdog chief pushes back on Moscow’s calls for objectivity after Kursk plant visit
▼ + stars: | 2024-08-29 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

The head of the U.N. nuclear watchdog has pushed back against Moscow's calls for further objectivity, following an inspection at the nuclear facility in the embattled Russian region of Kursk. Last week, Russia accused Ukraine of attempting a drone strike at the Kursk nuclear plant during a lightning cross-border incursion that has been under way since early August and which Moscow is still trying to repel. "The spokesperson of the Russian ministry of foreign affairs rightly says, be objective. We are saying here that this nuclear power plant ... is within range of a potential artillery strike, which means that the danger exists. On Thursday, Grossi explained that the Kursk nuclear plant contains reactors of the Soviet RBMK-type, similar to the ones present in the Chernobyl facility, which suffered one of the worst nuclear disasters in history in 1986.

Persons: Rafael Grossi, Moscow's, CNBC's, Maria Zakharova, Grossi Organizations: International Atomic Energy Agency, of Governors, CNBC, Ukrainian Ministry of Foreign Affairs, Wednesday, IAEA, Sputnik, Ria Novosti Locations: Vienna, Austria, Russian, Kursk, Russia, Ukraine, Moscow, Kiev, Soviet

watch nowAs the 2024 U.S. elections reach their home stretch, crypto companies are opening their wallets to try and influence the results. Nearly half of all the corporate money flowing into the election has come from the crypto industry, according to a report this week from the nonprofit watchdog group Public Citizen. More than 90% of the corporate crypto cash that's been raised was brought in this election cycle. Public Citizen's report found that of the 42 primary races that attracted money from crypto-backed super PACs, the candidate picked by the crypto industry won 36. "When Fairshake and its affiliates spend money to influence races, either by attacking crypto skeptics or boosting crypto supporters, the ads don't mention crypto at all," said Claypool.

Persons: Biden, Donald Trump, Rick Claypool, Coinbase, Andreessen Horowitz, Crypto, Brian Armstrong, Fairshake, It's, Claypool, Chuck Schumer, Kamala Harris's, Joe Biden, Harris, Faryar Shirzad, Trump, CNBC hasn't Organizations: Public Citizen, Securities and Exchange Commission, Republican, Senate, Supreme, Citizens, Federal, PAC, Public, CNBC, Trump, White Locations: Nashville , Tennessee, New York, California, cryptocurrencies, San Francisco, Nashville, United States

☆ Ukraine carries out one of the largest-ever drone attacks on Moscow as Kursk incursion continues
▼ + stars: | 2024-08-21 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

Ukrainian soldiers prepare a vehicle adapted to fire helicopter shells as the Russia-Ukraine war continues in the direction of Toretsk, Ukraine, Aug. 19, 2024. Ukraine carried out one of the largest-ever drone attacks against Moscow on Wednesday, as Kyiv continues to launch counteroffensives on Russian soil. Russia's Defense Ministry said it destroyed 45 Ukrainian drones overnight, of which 11were over Moscow, according to a Google-translated update on Telegram. "This is one of the largest attempts to attack Moscow with drones ever. CNBC has reached out to Ukraine's Ministry of Defense and Ministry of Foreign Affairs for comment.

Persons: Sergei Sobyanin Organizations: Moscow, Russia's Defense Ministry, Russian, CNBC, Ukraine's Ministry of Defense, Ministry of Foreign Affairs Locations: Russia, Ukraine, Toretsk, Kyiv, Moscow

☆ How much is too much to spend on jeans?
▼ + stars: | 2024-08-18 | by ( Fiona Sinclair Scott | ) edition.cnn.com time to read: +8 min

Of course, there were the aghast social media comments, those are to be expected, but the moment also inspired a reasonable question: How much is too much to spend on jeans? These jeans are something of an outlier, having been designed — undoubtedly — with celebrities and the 1% in mind. Cheaper options are plentiful across the market — from classic $100 Levi’s to newer denim brands, such as MUD Jeans or ELV Denim, emphasizing their sustainable or circular credentials (jeans in this category tend to be priced around $200 to $500.) A brief buyer’s guideNew York-based stylist and newsletter author Becky Malinsky wearing Auralee jeans. “I feel, personally, there are many sustainable brands out there that are producing a really good pair of jeans for around $150 to $200.

Persons: Blake Lively, Valentino, Porter, Ssense, Jean Paul Gaultier, Ralph Lauren, Becky Malinsky, ”, “, don’t, Malinsky, jean I, it’s, Sid Marshall, jean, Eric Charbonneau, Sandra Capponi, Ani Wells, Wells, …, you’re, can’t, Kurt Cobain’s Organizations: CNN, Gabbana, Citizens, Humanity, Transformers Foundation Locations: New York

☆ Reliance, Disney offer concessions to win antitrust nod for India media merger, Reuters reports
▼ + stars: | 2024-08-14 | by ( ) www.cnbc.com time to read: +1 min

Reliance and Walt Disney have offered to sell some channels to win faster antitrust approval for their $8.5 billion India media assets merger, but are resisting changes to cricket broadcast rights they own, two sources familiar with the matter said. Antitrust experts have warned that the Reliance-Disney merger, announced in February, could face intense scrutiny as it will create India's biggest entertainment player which will compete with Sony , Zee Entertainment , Netflix and Amazon with a combined 120 TV channels and two streaming services. The sources said some of the concessions being offered relate to regional Indian language channels where the two companies may have a dominant market share. Zee and Sony planned to create a $10 billion TV behemoth in India and in 2022 offered concessions by selling three TV channels. That helped them win CCI approval, but the merger eventually collapsed.

Persons: Walt Disney, Mukesh Ambani's Organizations: Walt, Antitrust, Disney, Sony, Zee Entertainment, Netflix, Competition Commission of India, Reliance, Zee Locations: India

☆ Texas judge in X's lawsuit against advertisers recuses himself after report he owned Tesla stock
▼ + stars: | 2024-08-13 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +1 min

The judge overseeing X's lawsuit against advertisers has recused himself following a news report that showed he owned shares of Tesla . In a recusal notice dated Aug. 13, U.S. District Judge Reed O'Connor in Texas backed out of X's case against the World Federation of Advertisers, which was filed last week. X, formerly known as Twitter, is owned by Elon Musk, who is also the CEO and largest shareholder in Tesla. On Monday, NPR reported that O'Connor had owned shares of Tesla in 2022, the date of his last available disclosure, posing a potential conflict of interest. In X's lawsuit, the company accused a number of advertisers of engaging in antitrust behavior when they stopped ad campaigns on the site.

Persons: District Judge Reed O'Connor, Elon Musk, O'Connor, weren't, Ed Kinkeade, Sen, John Cornyn Organizations: Tesla, District, World Federation, Elon, NPR, Companies, Unilever, Mars, CVS Healthcare, Orsted, WFA, Global Alliance, Responsible Media, X, Media Matters, America Locations: U.S, Texas, Tesla, Europe, North Texas, China

☆ Fact check: Trump made at least 20 false claims in his conversation with Elon Musk
▼ + stars: | 2024-08-13 | by ( Daniel Dale | ) edition.cnn.com time to read: +34 min

Here is a fact check:CrimeTrump claimed, “Our crime rate’s going through the roof.”Facts First: Trump’s claim is false. Facts First: Trump did express uncertainty about the number, but his “like 60 million or something” claim is false. They take ‘em out, and they bring them to the United States.”Facts First: Trump’s claim is baseless. He said, “With Ukraine, so we’re in for $250 billion and they’re in for about $71 billion.”Facts First: Trump’s claim is false. But Trump’s claim that the US has committed or provided far more aid than Europe is not true regardless.

Persons: Donald Trump, –, Elon Musk, Kamala Harris, Trump, Jeff Asher, ” Anna Harvey, “, we’ve, ”, Biden, Gary Griggs, Griggs, Harris, Harris “, ” Trump, wasn’t, Alejandro Mayorkas, Breitbart, ” Roberto Briceño, Venezuela’s, León, Joe Biden, ” Michelle Mittelstadt, can’t, Steven Cheung, Congo ’ Trump, Patrick Muyaya Katembwe, ” Serge Mombouli, Barack Obama’s, Obama, Obama’s, We’ll, Ukraine Trump, Europe Trump, Trump’s, Mike Pompeo, ” Pompeo, China, you’re, ‘, Iran haven’t, ” Matt Smith, Biden’s, Smith, Ali Vaez, Ronald Reagan’s, Barack Obama, George W, they’d, Scott Gottlieb, ” Gottlieb, General Merrick Garland, Musk, Alvin Bragg’s, Matthew Colangelo, Colangelo, Bragg, CNN’s Tami Luhby, William Montes Organizations: Washington CNN, Republican, Democratic, Public, New York University, CNN, Major Cities Chiefs Association, Biden, Global, Trump, NASA, Meteorological Organization, University of California, Oceanic, Fox News, The New York, White, Homeland, Central, “, Border, Venezuelan, of, Patrol, Republicans, Migration, Institute, Breitbart, Congo, PAC, Central America Trump, Obama, Customs Enforcement, Policy Institute, ICE, El Salvador, Electoral, Ukraine, Kiel Institute, European Union, European Automobile Manufacturers ’ Association, State, Americas, Crisis, Federal, Defense Department, Food and Drug Administration, FDA, Justice Department, New Locations: Trump’s, Santa Cruz, Gulf of Mexico, Florida, Mar, El Salvador, Guatemala, Honduras, United States, Mexico, Venezuela, “ Venezuela, Congo, Democratic Republic of Congo, Republic of Congo, Africa, Republic of, Washington, Europe, Ukraine, Germany, Kiel, ”, EU, Iran, Lebanon, Israel, China, that’s, Kpler, Malaysia, Afghanistan, Asia, Fulton County , Georgia, Manhattan, New York

☆ How Elon Musk has turned X into a pro-Trump machine
▼ + stars: | 2024-08-13 | by ( Clare Duffy | ) edition.cnn.com time to read: +9 min

But now Musk, who is not only the owner but also the most followed user on X, has shifted to more direct campaigning for former President Donald Trump. Musk announced his official endorsement for Trump in a post last month that received 2.3 million likes. Weeks after it was posted, the video is not labeled with a “community note,” X’s community fact-checking feature that Musk used as justification for slashing the company’s trust and safety team. In a letter, the secretaries urged Musk to “immediately implement changes” on the X platform. But on Monday night, Musk offered to take a role in the potential future Trump’s administration helping to rein in government spending.

Persons: Elon Musk, Donald Trump, Musk, He’s, Hunter, Trump, YOU, Trump’s, “, Elon, ” Trump, Kamala Harris, doesn’t, ” Wendy Weiser, Brennan, Harris, ”, ” Weiser, Kamala, …, White supremacists, X, Musk’s, chatbot, Harris ’, ” Lara Cohen, informercial, he’s, ” Musk, “ I’d Organizations: New, New York CNN, Elon, Twitter, Biden, White, Trump, CNN, Fake News, Fake News Media, Center, “, Brennan Center for Justice, NYU Law School, Democratic, Street Locations: New York, United Kingdom

☆ Kursk incursion: Russia evacuates Belgorod after Ukraine attack; Fire at nuclear plant rages
▼ + stars: | 2024-08-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Yuliya-Talmazan-Circle-Byline-Template.Jpg | Yuliya Talmazan | ) www.nbcnews.com time to read: +3 min

Meanwhile, the two sides accused each other of endangering Europe’s largest nuclear plant after a major fire broke out at the site. Refocusing some attention on southern Ukraine, President Volodymyr Zelenskyy shared a video Sunday appearing to show smoke billowing from one of the towers at the Zaporizhzhia Nuclear Power Plant. Handout footage released by Ukraine on Sunday shows a fire at the Russian-controlled Zaporizhzhia Nuclear Power Plant in southern Ukraine. Ukrainian Presidential Press Service / AFP - Getty ImagesWhile smoke billowed from the site of the nuclear plant in southern Ukraine, it was also rising from the new battlefield in southern Russia. And the Russian defense ministry acknowledged Sunday it was still fighting Ukrainian troops with forces stationed in Kursk and newly-arrived reserves.

Persons: Volodymyr Zelenskyy, Evgeny Balitsky, Zelenskyy, Obshchy, Valery Gerasimov Organizations: Kremlin, International Atomic Energy Agency, United Nations, Sunday, Presidential Press Service, Getty, NBC Locations: Russia, Kursk, Belgorod, Ukraine, Moscow, Enerhodar, Ukrainian, Russian, Tolpino

☆ China's bond market is rattled as central bank squares off with bond bulls
▼ + stars: | 2024-08-12 | by ( ) www.cnbc.com time to read: +4 min

A "Buy Treasury bonds" poster is seen at a bank in Haian, East China's Jiangsu province, Aug 1, 2024. "We remain actively bullish," said a bond fund manager, undeterred by unprecedented government moves to cool the sizzling treasury market and arrest a plunge in yields, which move inversely to prices. Falling yields also complicate the People's Bank of China's (PBOC) efforts to stabilize the weakening yuan. Unlike the West, "China's financial markets, including the bond market, are subject to top-down regulation," said Ryan Yonk, economist with the American Institute for Economic Research. Late on Friday, the central bank said it will gradually increase the purchase and sale of treasury bonds in its open market operations.

Persons: Wang Hongfei, Ryan Yonk, Pan Gongsheng, Kiyong Seong, Tan Yiming Organizations: Bank of China's, American Institute for Economic Research, Societe Generale, Minsheng Securities Locations: Haian, East China's Jiangsu, Beijing, Shanghai, China, Asia

☆ Moscow and Kyiv trade barbs over nuclear plant fire as tempers flare over Ukraine's ongoing incursion
▼ + stars: | 2024-08-12 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

A fire broke out Sunday in Europe's largest nuclear power plant, located in southern Ukraine, with Ukraine and Russia trading blame over the incident. "As long as Russian terrorists retain control of the nuclear power plant, the situation is not and cannot be normal. A view of the Russian-controlled Zaporizhzhia nuclear power plant in southern Ukraine on June 15, 2023. He said he had met with Russia's President Vladimir Putin who had "clearly indicated increasing vigilance and attention to strategic infrastructure facilities, which include the nuclear power plant." International Atomic Energy Agency (IAEA) inspectors are seen at the Russian-controlled Zaporizhzhia nuclear power plant in southern Ukraine on June 15, 2023.

Persons: Volodymyr Zelenskyy, Zaporizhzhia, Zelenskyy, Olga Maltseva, Yevgeny Balitsky, Balitsky, Vladimir Putin, Alexei Smirnov, Roman Pilipey, Putin Organizations: Anadolu, Getty, Zaporizhzhya NPP, Afp, NATO, CNBC, International Atomic Energy Agency, IAEA, AFP, Russian Ministry of Defense, Russian, Ukrainian Armed Forces, Institute for, Kremlin, AP Locations: Zaporizhzhia, Ukraine, Russia, Anadolu, Moscow, Kyiv, Russian, Enerhodar, Europe, Zaporizhia, Kursk, Kursk Oblast, Soviet, Sumy, Ukrainian, Sudzha

☆ China celebrates historic Olympic gold medal tie with US after neck and neck battle
▼ + stars: | 2024-08-12 | by ( Nectar Gan | Hassan Tayier | ) edition.cnn.com time to read: +5 min

China has become one of the world’s most competitive sporting nations in recent decades, seeing its Olympic performance as a symbol of national strength. In 2008, it topped the gold medal table at the Beijing Games, surpassing the US for the first time. In Paris, the Chinese team appeared on course to top the medal table as it built up a sizable early lead over Team USA, thanks to its domination in shooting and diving. On microblogging site Weibo, the hashtag “China tied for first place on the gold medal leaderboard” became the top trending topic, racking up more than 500 million views. “We won every gold medal square and fair!” said a top comment with over 28,000 likes.

Persons: –, ’, ”, “, WADA, CHINADA, Erriyon Knighton, Knighton, ” “ Organizations: Hong Kong CNN, US, Beijing Games, Team USA, Soviet Union, Times, Olympics, Communist Party, Tokyo, Doping Agency, Tokyo Games, New York Times, ARD, Games, Embassy Locations: Hong Kong, China, United States, Paris, Soviet, Weibo, Taiwan, Taipei, British, Beijing, Washington, CHINADA, Los Angeles, USA

☆ Elon Musk’s X just sued a nonprofit advertising group out of existence
▼ + stars: | 2024-08-09 | by ( Ramishah Maruf | Clare Duffy | ) edition.cnn.com time to read: +4 min

New York CNN —A major ad industry group is shutting down, days after Elon Musk-owned X filed a lawsuit that claimed the group illegally conspired to boycott advertising on his platform. The end of GARM marks a temporary victory for Musk and X CEO Linda Yaccarino, even though a judge hasn’t made a ruling yet. “Everyone can see that advertising on X is a treacherous business relationship for advertisers,” they said. Following that, brands’ faced issues where their ads were placed next to illegal or harmful content, the group said in a statement. GARM said its group reduced such ads from 6.1% in 2020 to 1.7% in 2023.

Persons: Elon Musk, “, GARM, Linda Yaccarino, hasn’t, ” Yaccarino, Nandini Jammi, Claire Atkin, ”, Ørsted —, ’, Musk, X, CCDH Organizations: New, New York CNN, Global Alliance, Responsible Media, World Federation, Institute, Twitter, CVS, Unilever, Mars, Facebook, Brands, Center, Media Locations: New York, Danish, Texas, Christchurch New Zealand

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