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☆ U.S. women’s rugby wins first Olympic medal with thrilling last-second try
▼ + stars: | 2024-07-30 | by ( Matthew Futterman | ) www.nytimes.com time to read: +1 min

SAINT-DENIS, France — With a 90-yard run as the final seconds ticked off the clock, Alex Sedrick and Team USA’s women’s Eagles rugby team snatched the bronze medal off the necks of a heavily-favored Australian team to deliver America its first Olympic medal in rugby sevens. Then the green and gold pinned the Americans deep in their own end, inching them backward as the final seconds ticked off the clock. AdvertisementBut then Sedrick got possession in the middle of the field and burst through a hole in the Aussie defense. In an instant, Sedrick was off on 90-yard sprint down the grass, that finished with her running through the uprights. But in a game with just 14 players on a massive field, anything can happen, and in the final seconds against the Aussies, Sedrick made sure it did.

Persons: DENIS, Alex Sedrick, USA’s, Sedrick, Michael Steele Organizations: USA’s women’s Eagles rugby, Eagles, Australians, Aussie, Zealand Locations: France

☆ Sharks are congregating at a California beach. SharkEye’s AI is trying to keep swimmers safe
▼ + stars: | 2024-07-29 | by ( Amy Gunia | ) edition.cnn.com time to read: +7 min

CNN —On summer mornings, local kids like to gather at Padaro Beach in California to learn to surf in gentle whitewater waves. Human vs. AI shark detectionA rise in the popularity of drones, and the proliferation of social media, may make it seem like sharks are everywhere. Although there hasn’t been a fatal attack recorded at Padaro Beach, some community members were concerned when sharks began loitering there. SharkEye's drone pilot, Samantha Mladjov, at Padaro Beach in California. Officials in Honolulu said this month that they’re considering launching a drone shark surveillance program, according to local media.

Persons: SharkEye, ” Neil Nathan, BOSL, hasn’t, Nathan, Samantha Mladjov, Science Laboratory Nathan, ”, “ Organizations: CNN, University of California Santa, Science Laboratory, Science, Stanford University, Florida Museum, Natural, New, Officials, “ Sharks Locations: Padaro, California, New York, Sydney, Padaro Beach, Santa Barbara, India, Australia, Queensland, Mexico, Caribbean, New South Wales, Bondi, Honolulu, Hawaii

☆ Olympics commentator dropped over sexist comments about women’s swim team
▼ + stars: | 2024-07-29 | by ( Liam Reilly | ) edition.cnn.com time to read: +1 min

CNN —Olympics commentator Bob Ballard was dropped from Eurosport, the European pay TV company, on Monday after the veteran sportscaster made sexist comments about the Australian women’s swim team. “We can confirm that Bob Ballard has been removed from our commentary roster with immediate effect,” it said in a statement Monday. Ballard, a veteran commentator who has reported on sports since the mid-’80s, has covered several Olympic games. “The comments I made during the Australian freestyle relay victory ceremony on Saturday have caused some offence. “I shall miss the Eurosport team, dearly and wish them all the best for the rest of the Olympics,” he added.

Persons: Bob Ballard, Ballard, ” Ballard, Lizzie Simmonds, Bob, ” Simmons, “, ” Organizations: CNN, Eurosport, Team Australia, Paris Aquatic, BBC Local Locations: Paris, Europe

☆ Yen eases as Nikkei jumps, central bank meetings loom
▼ + stars: | 2024-07-29 | by ( ) www.cnbc.com time to read: +2 min

Sterling was steady near a 2-1/2-week low to the euro ahead of the Bank of England's policy announcement on Thursday. The dollar gained 0.29% to 154.24 yen early in the Asian day, after dipping as low as 151.945 on Thursday for the first time since May 3. Last week, the dollar sank 2.36% against the yen for its worst weekly performance since late April. Speculation has grown that the Bank of Japan will raise interest rates on Wednesday at the same time as significantly reducing its monthly bond purchases. Elsewhere, the Australian dollar gained 0.31% to $0.6568, recovering from Friday's low of $0.65105, a level not seen since the start of May.

Persons: Sterling, Tony Sycamore, bitcoin, Donald Trump Organizations: Bank of, Nikkei, Bank of Japan, IG, Federal Reserve, Apple, Meta, Microsoft, Australian, Republican Locations: Japan, U.S, China

She’s won gold in the 800 three times and gold in the 1,500 twice – and hasn’t been defeated in those races in any of the Olympics that she’s entered. The Australians medaled in all four medal races on Saturday to the Americans’ three. But in the last race of the night, the American men’s 4X100 freestyle team took back the momentum by winning Team USA’s first gold of the Olympics. It had been 12 years since the French won a medal in swimming. Dressel has won gold in every Olympic event he’s entered so far in his career.

Persons: Katie Ledecky, She’ll, She’s, hasn’t, she’s, Ariarne Titmus, USA’s, Leon Marchand, Michael Phelps, Marchand, Caeleb Dressel, Dressel, he’s Organizations: New York Times, Tokyo Olympics, Australians, Games, French Locations: Paris, American

☆ Anxiety may increase risk of dementia, study finds
▼ + stars: | 2024-07-29 | by ( Kristen Rogers | ) edition.cnn.com time to read: +8 min

ingwervanille/Moment RF/Getty ImagesMore than 55 million people worldwide have dementia, a number expected to increase to 139 million by 2050. Previous studies exploring the relationship between anxiety and dementia have largely measured participants’ anxiety at one point in time, providing mixed conclusions — but how long someone’s anxiety lasts is an important aspect worth considering, the authors argued. Researchers measured participants’ anxiety at the first and second assessments. Someone’s anxiety was considered resolved if they had anxiety only at the time of the first wave. “This study agrees with earlier studies that therapy aimed at alleviating anxiety can help reduce risk for (Alzheimer’s disease).

Persons: ”, Kay Khaing, Glen R, Finney, ” Finney, wasn’t, “, Rudolph Tanzi, Dr, Joel Salinas, Isaac Health, Salinas wasn’t, Tanzi, Khaing, ” Khaing, ” Tanzi Organizations: CNN, American Geriatrics Society, Hunter New, Hunter New England Health, Getty, Australian Department of Health, American Academy of Neurology, McCance, Brain Health, Massachusetts General Hospital, NYU Langone Health, ”, National Alliance, Mental Locations: Hunter New England, Newcastle, Australia, Pennsylvania, Massachusetts, Boston, ” Salinas

☆ Five things to watch from the swimming competition at this year’s Olympic Games
▼ + stars: | 2024-07-28 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +9 min

Paris CNN —The first week of the Olympics and with it comes one of the Games’ signature events: Swimming. Here are five things to watch from this year’s swimming competition in Paris. The back-and-forth will take on new life as Aussie and American swimmers take to the pool and compete to take home the most medals. Bronte Campbell, swimming on the Australian’s 4x100-meter freestyle relay team, told reporters: “I really respect our American competitors. “So that was a really, really special event tonight.”

Persons: Paris CNN —, Katie Ledecky, Jean Catuffe, Ledecky, She’ll, She’s, hasn’t, she’s, Titmus, Ledecky’s, Summer McIntosh, Rob Koehler, ”, “, ” CHINADA, Witold Bańka, Caeleb Dressel, ” Dressel, Cate Campbell –, Michael Phelps, Phelps, Campbell, “ It’s, ” Campbell, I’ve, Ian Thorpe of, Chad le Clos, …, ” Phelps, USA’s, Phelps ’, Bronte Campbell, ” Leon Marchand, Leon Marchand, Sarah Stier, Marchand, It’s, Dressel, he’s Organizations: Paris CNN, Team USA, Olympic Games, Paris La Defense, La Défense, New York Times, Tokyo Olympics, Global, CNN, Tokyo, Doping Agency, CHINADA, NBC, USA, Team France, Olympic Locations: Paris, Nanterre, France, Tokyo, La, American, USA, Australian, Ian Thorpe of Australia, South Africa

☆ The great America-Australia relay rivalry gets another worthy chapter in Paris
▼ + stars: | 2024-07-27 | by ( Matthew Futterman | ) www.nytimes.com time to read: +7 min

That was in 2000 in Sydney in the men’s 4×100, at a time when the American men were untouchable at the distance. Australia’s Michael Klim plays lead guitar while Ian Thorpe, right, looks on after the Australians beat the U.S. in the 4×100 freestyle relay in Sydney in 2000. The Chinese men led early but faded. Far and away the dominant swimming nation, American men won the 4×100 freestyle from 1964 until the air guitar incident in 2000. American women won it 14 times from 1924 to 2000.

Persons: That’s, There’s, Gary Hall Jr, Ian Thorpe, Australia’s Michael Klim, Al Bello, Meg Harris of, ’, Simone Manuel of, who’d, glumly, Kate Douglass, Gretchen Walsh, Torri, Hunter Armstrong, Qin Haiyang, Manuel, “, ”, Meg Harris, Mollie O’Callaghan, Quinn Rooney, it’s, Cate Campbell, Emma McKeon, Caeleb Dressel, ” Dressel, Armstrong, Dressel, Ian MacNicol Organizations: Paris Games, Australia, U.S, Getty, New York Times, ARD, FBI, Doping Agency, International Olympic, Aussie, Tokyo, “ Locations: France, Sydney, Meg Harris of Australia, U.S, Tokyo, Salt Lake City, Utah, Australian, Australia, United States, Paris

☆ The showdown that wasn’t: Ariarne Titmus easily bests Katie Ledecky in hotly anticipated rematch
▼ + stars: | 2024-07-27 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +4 min

The women’s 400-meter freestyle race, billed as a rematch between rivals Ariarne Titmus of Australia and Katie Ledecky of the US, was one of the most hotly anticipated contests of the first full day of competition in the Paris Games. Titmus had defeated Ledecky three years ago in Tokyo, handing the American her first ever individual Olympic defeat. While the 400m is not Ledecky’s best race, she finished ahead of Titmus in a semifinal heat. “Ariarne and Summer swam really, really well. Titmus, meanwhile, will race in the 200-meter freestyle and Ledecky will also compete in the 1,500-meter freestyle – another one of her top events.

Persons: Ariarne, Katie Ledecky, Titmus, Ledecky, Ledecky’s, Summer McIntosh, “ I’m, Katie, ” Titmus, Australia's Titmus, Quinn Rooney, “, “ Ariarne, haven’t, ” ‘, ’ Titmus, ”, It’s, Adam Pretty, it’s Organizations: France CNN, Paris Games Locations: Nanterre, France, Australia, Tokyo, Titmus, La, Paris, McIntosh

☆ Rohan Bopanna’s path to the Olympics, via a Grand Slam and doubles world No 1
▼ + stars: | 2024-07-26 | by ( Matthew Futterman | ) www.nytimes.com time to read: +15 min

He needed to practice Iyengar yoga: a style that focuses on alignment. There, he came to know the father of Mahesh Bhupathi, one of India’s most successful players and a Grand Slam doubles champion. Polamarasetty told Bopanna that his knee wasn’t his problem. The kismet of Iyengar might have saved his knees, but none of the rest — the first Grand Slam title, the being doubles world No. Bopanna’s partner, Matwe Middelkoop, wanted to play with another Dutchman to better prepare for the Olympics and Davis Cup.

Persons: Rohan Bopanna’s, He’d, Matthew Ebden, Bopanna, Sriram Balaji, Fabien Reboul, Edouard Roger, Vasselin, Elsa, Getty, ” Bopanna, Rohan Bopanna, Bill Gates, Paul Allen, didn’t, Mohan Polamarasetty, Jaya, Polamarasetty, Iyengar, Mohan, “, ”, Bopanna’s, Clive Brunskill, Mahesh Bhupathi, Bhupathi, Boppanna, Haq Qureshi, Qureshi, Matthew Stockman, Prince Albert in, “ It’s, ” Polmarasetty, Max Purcell, Matwe Middelkoop, Ebden, Scott Davidoff, Supriya, Tridha, ” Davidoff, William West, Daniel Goldfarb, Shi Tang, Daniel Pockett Getty Organizations: All England Club, Olympics, Microsoft, University of Washington, Iyengar, Google, Jaya, Aisam, Getty, Pak Express, U.S ., Peace, Davis, Getty Images Locations: India, Coorg, Bangalore —, Bangalore, Pune, Chennai, Pakistan, South Asia, Prince Albert in Monaco, Australia, AFP

☆ Yen heads for strongest week in 3 months as carry trades unwind
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: +3 min

The yen was poised for its strongest week in nearly three months on Friday as traders unwound their long-held bets against the frail currency ahead of crucial U.S. inflation data that could cement rate cut expectations. The yen was poised for its strongest week in nearly three months on Friday as traders unwound their long-held bets against the frail currency ahead of crucial U.S. inflation data that could cement rate cut expectations. The euro was a tad stronger at $1.0853 but is down 0.35% for the week, its steepest weekly decline since early June. The souring risk sentiment this week has weighed heavily on the Aussie and the New Zealand dollar . The Aussie is down 2% for the week, its worst weekly performance since November 2023.

Persons: James Athey, Ben Bennett, they're Organizations: Marlborough Investment Management, Federal, Fed, Traders, Bank of Japan, Legal, General Investment Management, New Zealand Locations: Tokyo, Asia, Pacific

☆ What Rupert Murdoch Owns, and How He Built His Media Empire
▼ + stars: | 2024-07-25 | by ( J. Edward Moreno | ) www.nytimes.com time to read: +1 min

Rupert Murdoch, the 93-year-old media tycoon, spent the past 70 years building a global media empire that gave him influence in journalism, politics and pop culture. He’s now locked in a court battle with three of his children over the future of the business, which own Fox News, The Wall Street Journal, The New York Post and major newspapers and television outlets in Australia and Britain. With dozens of acquisitions, Mr. Murdoch created the media conglomerate known for the rise of the modern tabloid and conservative commentary. Here’s how Mr. Murdoch built his empire:1950sThe Australian-born mogul ventured into media in 1952 when he inherited his family’s business after the death of his father, Keith Murdoch. A 21-year-old Oxford student, he inherited The News of Adelaide, a newspaper in southern Australia with a circulation of 75,000.

Persons: Rupert Murdoch, Murdoch, Keith Murdoch Organizations: Fox News, Street, The New York Post, Britain, Fox, Oxford Locations: Australia, Britain, Australian, Adelaide

☆ Yen rises as carry trades unwind, risk sentiment takes a hit
▼ + stars: | 2024-07-25 | by ( ) www.cnbc.com time to read: +2 min

The yen drew support from unwinding carry trades on Thursday ahead of next week's Bank of Japan (BOJ) policy meeting and as a rotation out of megacap growth stocks dampened risk appetite broadly and provided some safe haven bids. "It's also the fact that risk sentiment is deteriorating, and that's helped (the yen) as well... You've got unwind in the tech trade, you've got unwind in the carry yen trade...you've got the Nikkei, as well, unwinding." Japanese Finance Minister Shunichi Suzuki and top currency diplomat Masato Kanda both refrained from commenting on the yen's recent sharp rise. The New Zealand dollar similarly fell 0.24% to $0.5915.

Persons: Tony Sycamore, It's, that's, You've, you've, Shunichi Suzuki, Masato Kanda, Sterling Organizations: week's Bank of Japan, New, Reuters, IG, Nikkei, Japanese Finance, PMI, Traders, Federal, Australian, New Zealand Locations: New Zealand, U.S, Down

☆ ‘The art of climbing’: Photographer Simon Carter capturing climbers at dizzying heights
▼ + stars: | 2024-07-24 | by ( Dhruv Tikekar | ) edition.cnn.com time to read: +6 min

Simon Carter“I like to talk about climbing photography being on a spectrum. Climbing the career ladderCarter’s passion for photography began at the age of 15, preceding his love of climbing. In 1994, Carter set up a photography and publishing business that produced a popular climbing calendar, among much else. In the 30 years since it launched, he has witnessed an explosion in the number of people pursuing climbing photography, thanks in part to the internet and the availability of digital cameras. Carter's new book "The Art of Climbing" brings together more than 200 of his images from climbing destinations around the world.

Persons: Simon Carter, Carter abseiled, Monique Forestier, Simon Carter “, you’ve, ”, Carter, Simon Carter Carter, abseiling, you’d, Ashlee Hendy, Elizabeth Chong, haven’t, I’m, you’re, “, … Organizations: CNN, “, Thames & Locations: Tasmania, Australia, Hauy, Blue, Victoria, Hudson, Thames & Hudson

☆ Covid-19 is an unwelcome attendee at the Paris Olympic Games
▼ + stars: | 2024-07-24 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +5 min

CNN —After a handful of Australian water polo players tested positive for Covid-19 this week, questions have emerged around how the spread of the disease will be mitigated at the Summer Olympic Games in Paris. Five players on Australia’s women’s water polo team have tested positive for Covid-19 as of Wednesday. Although the world is no longer under a public health emergency due to the Covid-19 pandemic, the Olympic Games come as a wave of Covid-19 infections has hit the United States. The French capital is expected to welcome about 15 million tourists while it hosts the Olympic Games. “Attending a mass gathering event increases your chances of being exposed to respiratory diseases, including whooping cough and COVID-19.

Persons: “, Lucia Mullen, ” Mullen, Anna Meares, ” Meares, “ We’re, ”, Joe Biden, Dr, Sanjay Gupta Organizations: CNN, Olympic, Johns Hopkins Center for Health Security, Australian Olympic, US Centers for Disease Control, Paris, CNN Health, Paralympic, WHO, French Ministry of Health, European Centre for Disease Prevention Locations: Paris, ”, France, Australian, Tokyo, United States, Europe

☆ Dollar firms as commodities slide and carry unwinds
▼ + stars: | 2024-07-24 | by ( ) www.cnbc.com time to read: +3 min

Purchasing managers' index figures will be particularly watched in Europe later in the session to see whether they support bets on two European rate cuts by the end of January. The euro held at $1.0848 in Asia trade and sterling , which could rally if PMIs in Britain surprise to the upside and reduce bets on rate cuts, bought $1.2901. Moves in other pairs were even larger, with the euro dropping 1.3% on the yen overnight and hitting a five-week low of 168.79 yen in Asia. Mexico's high-yielding peso dropped 2% on the yen overnight and the Australian dollar is down almost 6% on the yen in two weeks. The Canadian dollar made a six-week low of C$1.3787 per dollar ahead of a central bank meeting later on Wednesday where markets have priced an 84% chance of a 25 basis point rate cut.

Persons: Jason Wong Organizations: Bank of Japan, U.S ., New Zealand Locations: Europe, Asia, Britain, Japan, Wellington, New Zealand, Australia

☆ Aussie, kiwi dollars struggle on China's rate cuts; dollar adrift
▼ + stars: | 2024-07-23 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

Australian dollars are seen in an illustration photo February 8, 2018. The two Antipodean currencies, often used as liquid proxies for the Chinese yuan, were flat after slumping in the previous session in the wake of the news. The Australian dollar was trading at $0.6643 early on Tuesday and the New Zealand dollar dipped 0.01% to $0.5979. In the broader market, currency moves were subdued as traders looked to central bank meetings in the U.S. and Japan next week. In cryptocurrencies, bitcoin fell 0.7% to $67,665, retreating from an over one-month top hit in the previous session.

Persons: Daniel Munoz, China's, Rodrigo Catril, Joe Biden's, NAB's, bitcoin, Rae Wee, Stephen Coates Organizations: REUTERS, New, New Zealand, National Australia Bank, NAB, Trump, U.S, Treasury, Thomson Locations: SINGAPORE, New Zealand, China, U.S, Japan

☆ Swimming at the 2024 Paris Olympics: U.S. hopes, schedule and how to watch
▼ + stars: | 2024-07-22 | by ( Zack Pierce | ) www.nytimes.com time to read: +8 min

ET) W 100m fly W 100m fly semis (2:30 p.m.) W 400m free M 400m free (2:42 p.m.) M 100m breast W 400m free (2:52 p.m.) M 400m free M 100m breast semis (3:12 p.m.) W 4x100m free W 4x100m free (3:34 p.m.) M 4x100m free M 4x100m free (3:44 p.m.) July 28 Heats Semis/finals (approx. ET) M 200m free M 400 IM (2:30 p.m.) M 400m IM W 100m fly (2:40 p.m.) W 100m breast M 200m free semis (2:46 p.m.) M 100m back W 100m breast semis (3:10 p.m.) W 200m free M 100m back semis (3:32 p.m.) M 100m breast (3:44 p.m.) W 200m free semis (3:50 p.m.) July 29 Heats Semis/finals (approx. ET) M 200m fly M 100m free semis (2:30 p.m.) M 100m free M 200m fly semis (2:42 p.m.) W 1,500m free W 100m back (2:56 p.m.) W 100m free M 800m free (3:02 p.m.) M 200m breast W 100m free semis (3:25 p.m.) M 4x200m free M 200m breast semis (3:47 p.m.) M 4x200m free (4:01 p.m.) July 31 Heats Semis/finals (approx. ET) W 200m breast W 100m free (2:30 p.m.) M 200m back M 200m fly (2:36 p.m.) W 200m fly W 200m fly semis (2:43 p.m.) W 1,500m free (3:07 p.m.) M 200m back semis (3:37 p.m.) W 200m breast semis (3:51 p.m.) M 200m breast (4:15 p.m.) M 100m free (4:22 p.m.) Aug. 1 Heats Semis/finals (approx. ET) M 100m fly M 50m free (2:30 p.m.) W 200m IM W 200m back (2:30 p.m.) W 800m free M 200m IM (2:43 p.m.) Mixed 4x100m medley M 100m fly semis (3 p.m.) W 200m IM semis (3:22 p.m.) Aug. 3 Heats Semis/finals (approx.

Persons: Katie Ledecky, Caeleb Dressel, Dressel, Regan Smith, Gretchen Walsh, Kate Douglass, Lilly King, Simone Manuel, Torri Huske, Alex Walsh, Katie Grimes, Grimes, Bobby Finke, Chase, Ryan Murphy, Kieran Smith, Thomas Heilman, Chris Guiliano, There’s, Ariarne, Summer McIntosh, Ledecky, McIntosh, Titmus, Erika Fairweather, Fairweather, swimming’s, Maddie Meyer Organizations: U.S ., Olympic, Paris La Défense, NBC, Telemundo, Universo, USA, U.S, Ledecky, Notre Dame, didn’t, June’s U.S Locations: Paris, Tokyo, USA, Chase Kalisz, East Germany, Ledecky

☆ China’s summer of devastating floods shows steep challenge as it grapples with extreme weather
▼ + stars: | 2024-07-22 | by ( Simone Mccarthy | Joyce Jiang | ) edition.cnn.com time to read: +9 min

Villagers clean rubbish after torrential rains caused flooding in Meizhou, Guangdong province of China on June 19. John Ricky/Anadolu/Getty ImagesA man drives through a muddy street in the aftermath of flooding from heavy storms in Meizhou, Guangdong province last month. “All my hard work for a year has come to nothing.”A road is flooded following heavy rainfall in Jiangxi province on July 4. China’s government has mounted a top-down effort to revamp how the country responds to extreme weather in recent years after 2021 floods in Henan’s Zhengzhou killed more than 300 people. But there have been past issues of misappropriation of state recovery funds, for example following the deadly 2021 floods in Zhengzhou.

Persons: John Ricky, –, Xi Jinping, it’s, “, Tingshu Wang, ”, Hongzhang Xu, Typhoon Doksuri, Li Zhao Organizations: Hong Kong CNN, Getty, Communist Party, AFP, China’s Ministry of Emergency Management, Agricultural Television, Retailers, Workers, CNN Weather, ” Observers, Australian National University, Reuters, Greenpeace East, “ Locations: China, Hong Kong, sweltering Henan, Nanyang, speedboats, Meizhou, Guangdong province, Guangdong, AFP, Guangzhou province, Henan, Hunan, Lake, Henan’s Nanyang, Jiangxi province, Shaanxi, Sichuan, Hunan province's Changsha, Chongqing, Hainan, Zhengzhou, breadbasket, Jiangxi, Munich, Greenpeace East Asia, Beijing, –

☆ Dollar eases as Biden ends reelection bid; yuan steady after rate cut
▼ + stars: | 2024-07-22 | by ( ) www.cnbc.com time to read: +1 min

The dollar eased on Monday in the initial reaction to U.S. President Joe Biden's decision to end his reelection campaign, clearing the way for another Democrat to challenge Donald Trump. The dollar eased on Monday in the initial reaction to U.S. President Joe Biden's decision to end his reelection campaign, clearing the way for another Democrat to challenge Donald Trump. China's yuan was largely unfazed by the central bank's decision to cut a key interest rate. Biden announced he was exiting the race on Sunday, and endorsed Vice President Kamala Harris to replace him as the Democratic candidate in the November election. Former President Trump, the Republican nominee, sits well ahead in betting markets following Biden's disatrous debate performance last month and a surge in questions about his mental competence.

Persons: Joe Biden's, Donald Trump, Biden, Kamala Harris, Trump, Joseph Capurso, Capurso, Harris Organizations: Democratic, Republican, Commonwealth Bank of Australia, Trump, British, People's Bank of China Locations: U.S

☆ Dollar set to eke out weekly gain as traders weigh U.S. rates, yen wobbles
▼ + stars: | 2024-07-19 | by ( ) www.cnbc.com time to read: +3 min

The dollar was steady and poised to snap a two-week losing run on Friday as U.S. labour and manufacturing data kept traders pondering on when and by how much the Federal Reserve would cut rates this year. The dollar was steady and poised to snap a two-week losing run on Friday as U.S. labor and manufacturing data kept traders pondering on when and by how much the Federal Reserve would cut rates this year. The Federal Reserve is scheduled to meet at the end of July where markets anticipate a very low chance of the central bank cutting rates. Ryan Brandham, head of global capital markets for North America at Validus Risk Management, said the U.S. economy is getting closer to where a rate cut may be appropriate. In other currencies, the Australian dollar eased 0.11% to $0.66985, while the New Zealand dollar was 0.22% lower at $0.6032.

Persons: Ryan Brandham, Mary Daly, Daly, recouping, Sterling Organizations: Federal Reserve, Bank of Japan, Traders, U.S, Federal, North America, Validus Risk, Fed, Federal Reserve Bank of San Francisco, Dallas Fed, European Central Bank, ECB, Bank of England, New Zealand Locations: Tokyo, Japan, U.S, Britain

☆ How the world’s tech crashed all at once
▼ + stars: | 2024-07-19 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +4 min

CNN —When computers and tech systems around the world went down Friday, snarling airports, closing Social Security offices and limiting jail operations, many people had one question: How on Earth could this happen in 2024? CrowdStrike is everywhereNumerous Fortune 500 companies use CrowdStrike’s cybersecurity software to detect and block hacking threats. Computers running Microsoft Windows — one of the most popular software programs in the world — crashed because of the faulty way a code update issued by CrowdStrike is interacting with Windows. Anne Neuberger, a senior White House tech and cybersecurity official, spoke of the “risks of consolidation” in the tech supply chain when asked about the IT outage on Friday. The infamous hack of the US government using SolarWinds software in 2020, which US officials blamed on Russia, came through a tampered software update.

Persons: Costin, CrowdStrike, Munish Walther, Puri, “, ” Walther, Anne Neuberger, ” Neuberger, ” Tobias Feakin Organizations: CNN, CrowdStrike, Windows, White House, Aspen Security Locations: New York, Russia, Russian

☆ Bangladesh protests: Anger over job quotas escalates into deadly violence. Here’s what you need to know
▼ + stars: | 2024-07-19 | by ( Helen Regan | Samra Zulfaqar | ) edition.cnn.com time to read: +9 min

CNN —Huge protests across Bangladesh escalated into deadly violence this week with clashes between students, pro-government supporters and armed police fueling widespread anger over civil service job quotas opponents say are discriminatory. Many Bangladeshi students are demanding an end to the government’s quota system, which reserves more than half of civil service posts for certain groups. In 2018, the quota system was scrapped following similar protests but in June the High Court reinstated it, ruling its removal was unconstitutional. Critics and protesters say the quota system creates a two-tier Bangladesh where a politically connected elite benefit by their birth. “This is not just about quota protests anymore, this is much bigger than that, in simple quota protests the government wouldn’t go around hurting and shooting students.

Persons: Sheikh Hasina, Hasina, Sheikh Mujibur Rahman, Hasina’s, “, ”, Maruf Khan, Stringer, Tahmeed Hossain, –, Hossain, Munir Uz Zaman, Hassan Abdullah, Abdullah, Prothom Alo, ” Hasina, Salman, ” Hossain, Antonio Guterres, Stephane Dujarric, ” Dujarric Organizations: CNN, Bangladesh Television, Mobile, Awami League, Getty, Bank, Dhaka University, Bangladesh Chatra League, Rapid Action Battalion, Wednesday, Agence France, Press, Authorities, Student, State Department, ” UN Locations: Bangladesh, Dhaka, State, Pakistan, Australia, Sydney, “, AFP, United States, ”, New, Melbourne, Copenhagen

☆ Yen spikes as spectre of intervention spooks investors
▼ + stars: | 2024-07-18 | by ( ) www.cnbc.com time to read: +2 min

Japan's yen scaled a six-week high on Thursday, spurring speculation of an official push, while the dollar nursed broad losses as markets prepared for U.S. rate cuts in a few months. Japan's yen scaled a six-week high on Thursday, spurring speculation of an official push, while the dollar nursed broad losses as markets prepared for U.S. rate cuts in a few months. "Many traders and Japanese investors, after intervention, were looking to reload on their trades," said National Australia Bank strategist Rodrigo Catril in Sydney. Interest rate markets are pricing more than 60 basis points of U.S. interest rate cuts this year and some 20 basis points of hikes in Japan, narrowing the wide rates gap that had encouraged investors taking on large short positions in the yen. So far this year the yen is the worst-performing G10 currency on the dollar, losing more than 9%, while the yuan is down about 2.2%.

Persons: Rodrigo Catril, Donald Trump — Organizations: . Bank of, National Australia Bank, Bloomberg Businessweek Locations: Asia, . Bank of Japan, Sydney, Japan, Beijing

☆ MH17 passengers’ relatives mark 10 years since plane was shot down over Ukraine, killing 298
▼ + stars: | 2024-07-17 | by ( Story Associated Press | ) edition.cnn.com time to read: +5 min

AP —Relatives of passengers killed when Malaysia Airlines Flight 17 was shot down over Ukraine gathered with officials at Australia’s Parliament House on Wednesday to mark the 10th anniversary of the tragedy that claimed 298 lives. So in that sense, I’m heartbroken that the conflict continues,” Paul Guard told Australian Broadcasting Corp (ABC). Relatives of MH17 passengers join officials at Australia's Parliament House in Canberra. The investigation concluded the missile was driven into Ukraine from a Russian military base near the city of Kursk and returned there after the plane was shot down. Putin said through an interpreter that Ukrainians were all fascists, had brought down MH17 themselves and that Ukraine had no right to exist, Abbott said.

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