Skip to main content


Showing posts with the label News

News | U.S. Politics: Guantanamo Bay was off Limits to Lawyers Seeking to Represent Detainee Men There. 8-10 minutes In the first years of the war in Afghanistan, Guantánamo Bay was off limits to lawyers seeking to represent the detainees there, and the Bush administration refused to disclose the prisoners’ names. Commanders would brief reporters regularly, and guards would come forward to speak with pride about their service there but were not allowed to name the men in the orange uniforms. In time, the Bush administration bowed to pressure from the courts and released the names of many of the men and boys who were brought to the U.S. military detention center as “enemy combatants.” But by the time the Pentagon let the lawyers visit, hundreds of the detainees were already gone, many of them sent back to Afghanistan and Pakistan. The entrance to Camp Delta at Guantánamo Bay, Cuba, in 2010. Some of the detainees who have been cleared for release have been waiting for a decade for another country to agree to take them. Richard Perr

News | Facebook: Facebook Violating Data Breach Probed by UK and EU.

Source: BBC News 3 minutes Facebook is being investigated by UK and European competition watchdogs over concerns it uses advertising data to gain an unfair advantage over rivals. The Competition and Markets Authority is looking into whether it uses information to benefit its own services, such as Facebook Marketplace. The European Commission is examining if Facebook violated EU rules by gathering data from advertisers to compete with them in providing classified ads. Facebook said it would cooperate fully. It said it will demonstrate that both the UK and EU investigations are "without merit". The CMA said that Facebook collects data through its digital advertising service as well as its single sign-on option. This allows people to sign-in to other websites, services and apps using their Facebook log-in details. The watchdog said it is examining whether the company has unfairly used the data to compete with peop

News | U.S. Politics: Biden Administration Expands Trump-Era Order by Banning U.S. Investment in Chinese Companies over Military or Surveillance Technology.

Source : The Washington Post Biden administration expands Trump-era order by banning U.S. investment in Chinese companies linked to the military or surveillance technology Jeanne Whalen, Ellen Nakashima 4 minutes The Biden administration is expanding a Trump-era order that banned U.S. investment in Chinese companies that it said support China’s military to include those selling surveillance technology, calling the entities a threat to U.S. interests and values. A new executive order set for release Thursday broadens prohibitions that the Donald Trump administration enacted and moves authority for the ban to the Treasury Department, from the Defense Department, to give it stronger legal grounding, senior administration officials said. They spoke on the condition of anonymity to preview the order before its release. The new order “prevents U.S. investment from supporting the Chinese defense sector, while also expanding th

News | Crypto-Related Venture Funds: Novogratz-Backed Firm To Invest $100 million in Crpto Funds

Source: Yakob Peterseil 2 minutes An investment company co-founded by Bitcoin billionaire Mike Novogratz announced it will invest $100 million in crypto-related venture funds over the next two years. Cryptology Asset Group, a Malta-based firm with 450 million euros ($548 million) in assets, intends to focus on first-time funds and emerging managers with stakes in crypto-related companies or digital assets, according to a statement on Thursday. A publicly traded holding company for blockchain-related assets in Europe, Cryptology’s portfolio includes startups such as, Northern Data and Iconic Funds. “We are at the very beginning of the crypto revolution, and we strive to become one of the leading global investors in this very nascent asset class,” co-founder Christian Angermayer said in the release. Novogratz is chief executive office

News | Middle East Politics; The End of Netanyahu Amid an Agreement of Two Parties to Have a New Unity Government.

Source: BBC News 6-7 minutes image copyrightYesh Atid handout image captionThe right-wing Yamina party's Naftali Bennett and Yair Lapid, leader of the centrist Yesh Atid party, after reaching an agreement Israeli opposition parties have reached an agreement to form a new government that would end Benjamin Netanyahu's 12-year tenure as prime minister. Yair Lapid, leader of the centrist Yesh Atid party, announced an eight-faction coalition had been formed. Under a rotation arrangement, the head of the right-wing Yamina party, Naftali Bennett, would serve as prime minister first before handing over to Mr Lapid. Mr Netanyahu, however, attacked the new "left-wing" government as "dangerous". In his first comments since the agreement was reached, Mr Netanyahu urged Knesset (parliament) members "elected by votes from the right" to oppose the coalition, which still needs to be approved by a p

JBS Computer Networks Hacked by a Sophisticated Cyber-Attack.

 Source: JBS: Cyber-attack hits world's largest meat supplier BBC News 3-4 minutes image copyright Getty Images The world's largest meat processing company has been targeted by a sophisticated cyber-attack. Computer networks at JBS were hacked, temporarily shutting down some operations in Australia, Canada and the US, with thousands of workers affected. The company believes the ransomware attack originated from a criminal group likely based in Russia, the White House said. The attack could lead to shortages of meat or raise prices for consumers. In a ransomware attack, hackers get into a computer network and threaten to cause disruption or delete files unless a ransom is paid. The White House says the FBI is investigating the attack. "JBS notified [the White House] that the ransom demand came from a criminal organisation likely based in Russia," White House spokeswoman Karine Jean-Pier

News: Belarus: Russia blocks some flights for avoiding its ally.

BBC News 5-6 minutes image copyrightGetty Images image captionAir France has cancelled its flights between Paris and Moscow on Thursday and Friday Russia has denied entry to two European airlines because they planned to avoid flying over Belarus to get to Moscow. Air France and Austrian Airlines have both had to cancel services after their flight plans were rejected by Russia. EU leaders asked European carriers to avoid Belarusian airspace this week after a Ryanair plane was forced to divert and land in Minsk on Sunday. Belarusian dissident journalist Roman Protasevich and his girlfriend were then arrested. The UN's civil aviation agency has said it will launch a "fact-finding" investigation into Belarus's actions, and whether there had been any breach of international aviation law. Russia is a strong ally of Belarus and President Vladimir Putin is set to discuss the unfolding crisis with Belarus's leader of 26

News | Business: French Oil Giant Total Rebrands in Shift to Renewables. French oil giant Total rebrands in shift to renewables Published Aprox.: 22 minutes ago image copyright Getty Images Oil and gas giant Total will be rebranded as TotalEnergies as it shifts some of its focus towards renewable energy sources. Shareholders voted overwhelmingly in favour of the move. However, the firm may face a revolt later over whether it is doing enough to diversify away from its core fossil fuel businesses. Big energy firms are coming under increasing pressure to adjust to a lower-carbon world. Shell ordered to cut emissions in key court ruling Global ban on new gas boilers from 2025 proposed Total is putting forward a motion on environmental goals, including reaching carbon neutrality by 2050. But several small investors say they plan to vote against the motion. The vote will be watched carefully after upsets earlier this week at two other energy giants. On Wednesday, a small hedge fund investor succeeded in ousting two board members at Exxon in the US

News | China | Imports: China Has Overtaken Germany To Become UK's Single Import Market. China overtakes Germany as UK’s top import market BBC News 2-3 minutes image copyright Getty Images China has overtaken Germany to become the UK's biggest single import market for the first time since records began. Goods imported from China rose 66% from the start of 2018 to £16.9bn ($24bn) in the first quarter of this year, the Office for National Statistics said. Imports from Germany fell by a quarter to £12.5bn in the same period. The change came as trade with the European Union was disrupted by Brexit and the pandemic boosted demand for Chinese goods. The Office for National Statistics (ONS) report aimed to assess the impacts of Brexit and the coronavirus on the UK's trade in goods. It found evidence that trade had been disrupted at the start of the new relationship between the UK and the EU. The ONS said German imports to the UK had fallen since April 2019, amid uncertainty over the details of Br

Bank of England suspected Gupta bank since 2019. Bank of England suspected Gupta bank in 2019 BBC News 3 minutes image copyright Getty Images Wyelands Bank, part of beleaguered businessman Sanjeev Gupta's GFG Group, was probed by the Bank of England in 2019, governor Andrew Bailey has said. Wyelands Bank is facing possible liquidation, while GFG has been under pressure since its biggest lender, Greensill Capital, collapsed in March. Before Greensill's demise, ex-prime minister David Cameron lobbied the Bank of England on its behalf. Mr Bailey has now said the Bank already had concerns about Wyelands then. He said those concerns were around "connected lending in the context of the ultimate beneficial owner who is Mr Gupta". The Bank notified the National Crime Agency in late 2019 in relation to Wyelands, a bank that lent to investors, Mr Bailey told the Treasury committee of MPs. The Bank then set out its concern

News | Investments: Cryptocurrency Investors be Prepared to Lose all Their Money, England Governor Says. Cryptocurrency investors should be prepared to lose all their money, Bank of England governor says Ryan Browne 3-4 minutes LONDON — Cryptocurrencies "have no intrinsic value" and people who invest in them should be prepared to lose all their money, Bank of England Governor Andrew Bailey said. Digital currencies like bitcoin , ether and even dogecoin have been on a tear this year, reminding some investors of the 2017 crypto bubble in which bitcoin blasted toward $20,000, only to sink as low as $3,122 a year later. Asked at a press conference Thursday about the rising value of cryptocurrencies, Bailey said: "They have no intrinsic value. That doesn't mean to say people don't put value on them, because they can have extrinsic value. But they have no intrinsic value." "I'm going to say this very bluntly again," he added. "Buy them only if you're prepared to

News | Europe | COVID-19 Vaccines: Europe Divided on Merits Of Patent Waivers Europe divided on merits of patent waivers for COVID-19 vaccines Pierre Briançon 3 minutes The U.S. support for an international proposal to waive patents for COVID-19 vaccines was met with surprise and skepticism on Friday by European governments, who remain divided about the eventual benefits of the idea. After Germany and Switzerland voiced on Thursday their opposition to the measure, invoking the need to protect intellectual-property rights, long-reluctant French President Emmanuel Macron on the contrary rallied to the U.S. position and said he was “absolutely in favor” of patent waivers in the current context. The European Union, where most of the COVID-19 vaccines currently in use in the world are being manufactured, had long resisted the proposal for a temporary waiver pushed within the World Health Organization, and European officials were caught by

News | Business | Tech: AppLovin Corp. Faces Critics By Analysts. AppLovin Faces Analyst Coverage as Year’s Weakest Mega IPO Katrina Lewis, Ryan Vlastelica 3-4 minutes AppLovin Corp. shares have shown few signs of life since its Wall Street debut on April 15, and now analysts get to weigh in. The mobile-apps company is worst performing IPO of its size, and just one of two U.S. listings that raised at least $2 billion this year to now be trading below its offering price, according to data compiled by Bloomberg. The stock has dropped 29% since its trading debut and stands at about $57, well below its offering price of $80. Now, AppLovin is set to receive a wave of initiations from analysts at underwriting banks as mobile-game makers face a “double whammy” of changes to Apple Inc. ’s operating system and difficult year-ago comparisons after the pandemic fueled a surge in industry growth, according to Bloomberg Intelligence.

News | Business | China: China Exports Surge as America Recovery From Pandemic, impulse Demand. China's exports soar as US recovers and India stalls BBC News 2-3 minutes image copyright AFP Contributor China's exports unexpectedly surged last month as America's speedy recovery from the pandemic spurred demand. Stalled factory production in India, as the country struggles with a coronavirus crisis, also helped boost the global market for Chinese goods. China's exports in dollar terms surged by more than 32% from a year earlier to almost $264bn (£190bn). In the same month imports grew at the fastest pace in more than a decade, rising by 43% from a year ago. Despite ongoing trade tensions with the US and other countries, China's exports for the month were almost $43bn more than its imports, a more than threefold increase. Economists highlight that the figures are heavily skewed as they are compared to the period a year ago when the country was brought to a v

News | UK | Covid-19: Concern Raised Over India Variant in UK. Covid: Concern increases over India variant in UK By Jim Reed 6-7 minutes By Jim Reed BBC News image copyright Reuters image caption A coronavirus variant first identified in India is being investigated by scientists across the world Public health experts have recommended one version of the Indian coronavirus variant be made a "variant of concern" in the UK, the BBC has been told. Public Health England (PHE) is tracking B.1.617.2 which appears to spread more quickly than two other identified subtypes of the Indian variant. Scientists also believe it is at least as transmissible as the variant detected in Kent last year. A spokesman for PHE said it would not comment on leaked data. There is no evidence this version of the Indian variant is resistant to current vaccines, a source has told the BBC. It is believed more than 500 cases of B.1.617.2 have now been detected across England with the highest lev