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Big Banks Are Once Again Taking Risks With Complex Financial Trades, Report Says
Big banks are skirting the rules on the sale of the complex financial instruments that helped bring about the 2008 financial crisis, by exploiting a loophole in federal banking regulations, a new report says.<p>The loophole could leave Wall Street exposed to big losses, potentially requiring taxpayers …
FinanceAsian stocks take breather from trade tension; markets mixed
SINGAPORE (AP) — Asian markets were mixed on Wednesday as traders sidelined tariffs that the U.S. and China have threatened to impose on one another, focusing on positive housing data instead.<p>KEEPING SCORE: Japan's benchmark Nikkei 225 index rose less than 0.1 percent to 22,287.42 and South Korea's …
Stock MarketsChina-based campaign breached satellite, defense companies: Symantec
SAN FRANCISCO (Reuters) - A sophisticated hacking campaign launched from computers in China burrowed deeply into satellite operators, defense contractors and telecommunications companies in the United States and southeast Asia, security researchers at Symantec Corp said on Tuesday.<p>Symantec said the …
CybersecurityDonald Trump accuses Canadians of smuggling shoes home from U.S. | The Star
WASHINGTON — U.S. President Donald Trump has called Canada “brutal,” accused Canada’s prime minister of being “weak,” and taken aim at Canada’s …
Donald TrumpVisa admits 5m payments failed over a broken switch
Visa has admitted that 5.2m transactions failed during its IT collapse earlier this in June – because a back-up data centre designed to handle all transactions across Europe would not switch on when the problems emerged.<p>The extraordinary service failure on the afternoon of Friday 1 June saw queues …
FinTechMerkel, Macron Reach Deal on Euro Reforms to Challenge the Dollar
German Chancellor Angela Merkel and French President Emmanuel Macron reached a preliminary agreement on a set of reforms aimed at strengthening the …
EuropeNapolitano on family separations: ‘I don’t know how this could be justified either legally or morally’
The former Homeland Security secretary called Trump’s zero-tolerance policies ‘cruel’ and a ‘misallocation’ of resources .<p>Former Homeland Security Secretary Janet Napolitano is calling President Donald Trump’s policy of separating migrant families at the border “cruel” and a “misallocation” of …
ImmigrationHalting S.Korea-US drills risks weakening N.Korea deterrence
SEOUL, South Korea (AP) — U.S. and South Korean officials are hoping the suspension of a major joint military exercise helps advance nuclear negotiations with North Korea. It's a bold gamble that could trigger a serious security crisis if the talks falter and the allies are forced to resume the …
North KoreaMerkel says climate change is 'a fact,' laments US stance
BERLIN (AP) — German Chancellor Angela Merkel took aim Tuesday at U.S. President Donald Trump's decision to withdraw from the Paris accord, calling the move "very regrettable" at a time when the overwhelming majority of countries worldwide are trying to limit global warming.<p>"We know climate change …
EuropeU.S. Plans to Withdraw From UN Human Rights Council Today
The Trump administration withdrew from the United Nations Human Rights Council on Tuesday, making good on a pledge to leave a body it accused of …
Human RightsSynthetic biology raises risk of new bioweapons, US report warns
The rapid rise of synthetic biology, a futuristic field of science that seeks to master the machinery of life, has raised the risk of a new generation of bioweapons, according a major US report into the state of the art.<p>Advances in the area mean that scientists now have the capability to recreate …
BiologyTrump ramps up rhetoric: Dems want 'illegal immigrants' to 'infest our country'
<b>Washington (CNN) —</b> President Donald Trump amplified his heated immigration rhetoric on Tuesday, accusing Democrats of wanting migrants to "infest our country" and turning a speech on the economy into an angry tirade defending his harsh stance.<p>It was a reflection of Trump's growing frustration that …
ImmigrationTrump Heads to Hill After Sowing Confusion on Immigration
President, Democrats in war of words over family separation policy<p>Senior White House officials say Democrats enraged by the Trump administration’s …
ImmigrationItaly's doBank plans to take on $17 billion more in bad loans
MILAN (Reuters) - Italy's doBank <DOB.MI> plans to take on the management of a further 15 billion euros ($17 billion) in bad loans by 2020 as it strives to preserve its sector leadership amid rising competition.<p>With 77 billion euros of assets under management at the end of 2017, doBank is the top …
LoansAll-you-can-eat restaurant goes bust after people ate all they could
Here's a sage reminder that the all-you-can-eat business model can go very, very wrong.<p>A hotpot restaurant in China went bust after two weeks because …
CustomersPound Drops to a Seven-Month Low After May's Brexit Vote Defeat
The pound dropped to a seven-month low against the dollar after U.K. Prime Minister Theresa May lost a vote on her Brexit legislation in the House of …
Bank of EnglandThe rise of supermarket shopping in Kenya is increasing the risk of poor nutrition
The middle class boom in many African cities has inevitably resulted in several life style changes but one is proving particularly dangerous.<p>A rise in supermarket shopping<i>—</i>an offshoot of rapid urbanization<i>—</i>has resulted in locals eating higher amounts of processed food than fresh food typically …
NutritionMicrosoft Was Slammed for Its Work With ICE. Now It's Protesting Trump's Border Separation Policy
Microsoft is adding its voice to those that have condemned the Trump administration’s “zero tolerance” immigration policy in recent days.<p>On Monday, …
ImmigrationChinese stocks slammed as Trump threatens tariffs on a further $200 billion
It's been a torrid Tuesday session for financial markets across Asia.<p>Stocks, commodities and cyclical currencies have all been hammered, undermined by an escalation in trade tensions between the United States and China.<p>The tensions now looks like they have the potential to devolve into a full-blown …
Stock MarketsNearly decade-old macOS ‘Quick Look’ security hole again raises concerns from researchers
While many users find the Quick Look functionality in macOS incredibly convenient, security researchers have uncovered a security hole that could expose the content of files stored on encrypted drives…<p>First discovered by security researcher Wojciech Regula, and shared today on The Hacker News, the …
Information SecurityA new report claims bitcoin could break the internet — the crypto world thinks it's missing the point
LONDON — Who's right about bitcoin: the Bank of International Settlements (BIS) or cryptocurrency advocates?<p>The BIS, which is often dubbed the central bank of central banks, released a chapter from its upcoming annual report on Sunday dismissing bitcoin as "a poor substitute for the solid …
BitcoinDeath, washed-out roads amid flooding in Upper Midwest
ASHLAND, Wis. (AP) — Widespread flooding in the Upper Midwest was blamed for at least one death in Wisconsin, while disaster declarations were issued Monday in northern Michigan after flash-flooding washed out roads, damaged businesses and caused dozens of sinkholes.<p>The body of a 75-year-old man …
WeatherThree dead as pro-government authorities try to subdue Nicaraguan city that declared itself self-governing
MANAGUA, NICARAGUA — Nicaraguan police and pro-government militias sought to reassert control Tuesday over a city that had declared a breakaway government the day before, prompting clashes with protesters that left at least three people dead, according to human rights workers.<p>Masked gunmen in …
VenezuelaThe last hope for elephants: Can a Chinese law help stop the slaughter in Africa?
<b>Pemba, Mozambique (CNN) —</b> It's no secret where the ivory deals take place in Pemba.<p>Despite a new blanket ban on the ivory trade in China, the closest major city to Mozambique's largest nature reserve remains a smuggling hotspot for criminal gangs.<p>In shabby three-star resorts and half-empty Chinese …
Extinction'We need to stop this policy right now,' Zuckerberg says, urging donations to reunite immigrants families
SAN FRANCISCO – In the largest single fundraiser ever on Facebook, a Silicon Valley couple has drummed up millions of dollars from tens of thousands of people to reunite immigrant parents with their children.<p>As of Tuesday evening, more than 145,000 people had contributed $6 million to a Facebook …
ImmigrationDeadly floods are wreaking havoc in northeast India again
Northeast India is inundated, again.<p>Over the past few days, floods have hit several states, claiming the lives of at least 25 people and displacing hundreds of thousands of hapless citizens.<p>In Assam, the biggest state in the region, the deluge has reportedly affected nearly 550,000 people (pdf). …
IndiaDoctors Might Stop UTIs From Ever Happening Again
Researchers are using precision medicine to better tackle bacteria in urinary tract infections—and are pretty sure the method can be applied to other …
MedicineAs Carbon Dioxide Levels Rise, Major Crops Are Losing Nutrients
Plants need carbon dioxide to live, but its effects on them are complicated.<p>As the level of carbon dioxide in the air continues to rise because of human activity, scientists are trying to pin down how the plants we eat are being affected.<p>Mounting evidence suggests that many key plants lose …
Climate ChangeAt least 128 missing after ferry sinks in Indonesia: official
TIGARAS PORT, Indonesia (Reuters) - The search for victims of a ferry that sank in the lake of an ancient supervolcano crater in Indonesia will resume on Wednesday with divers and an underwater drone to scour the depths for at least 128 missing passengers.<p>The wooden tourist ferry sank in rough …
AirplanesA Record 68.5 Million People in the World Were Forcibly Displaced by the End of 2017, U.N. Says
Every two seconds, someone in the world was forcibly displaced in 2017, according to a new report by the U.N. Refugee Agency.<p>Due to wars, violence …
South Sudan