Monday, July 24, 2023

Dow hot streak continues

The hot streak on Wall Street continues with the Dow Jones up at its
highest level for over a year.

Traders this week are bracing for the Federal Reserve's interest rate
decision and some key earnings from a few tech giants.

William Denselow reports from New York.

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'Barbenheimer' weekend exceeds predictions

Viewers flocked to US cinemas in record numbers over the weekend to watch the long-awaited Barbie and Oppenheimer. 


Warner Brothers' "Barbie" brought in a massive $155 million in ticket sales from North American theatres.


Meanwhile Oppenheimer, directed by Christopher Nolan, made $80.5 million in the US and Canada.


Sally Patterson reports from New York.


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Twitter Rebrands as X

Twitter has rebranded itself as X, and launched a new logo.


Owner Elon Musk has said X is intended to be an 'everything app', but the billionaire has faced challenges since acquiring the company last year. 


US Correspondent Ira Spitzer reports.


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Welsh Single Malt Whisky Receives UK Protected Status

Welsh whisky has been awarded a UK special protected status. 


The single-malt whisky from four Welsh distilleries will join its famous Irish and Scottish counterparts in receiving official protection.

 

Simon Gaitán reports… 


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Majority of economists see U.S. recession as unlikely

According to a new poll, the majority of economists believe it's
unlikely the U.S. will dip into a recession over the next 12 months.

That's a change from earlier this year when many believed rising
interest rates and high inflation would put the country's economy into
reverse.

William Denselow reports from New York.

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UN in discussions with North Korea for the release of US soldier

The United Nations has intervened in discussions with North Korea
regarding the release of Travis King.
King is the U.S soldier who crossed into North Korea last week.
Jody Jacobs has more from New York...

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BRITAIN'S LAST OPENCAST COAL MINE IN ADDITIONAL BREACH OF LICENSE

An opencast coal mine in Wales has been found in breach of its license for mining outside the permitted area, according to British media.

The operator was already in trouble for continuing to operate the mine even after planning permission expired last year.

Neither the Welsh Government nor mine operators are commenting while this latest investigation gets underway.

Stuart Smith reports from London.

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Evacuations Continue From Greek Islands

Evacuations are continuing as tourists and locals try and escape wildfires on some Greek islands. 


It's believed almost 20 thousand people have been evacuated from Rhodes and a further two and half thousand from Corfu.


The majority of those who have had to flee are tourists, and there's been criticism that travel firms haven't been doing enough to help people or keep them informed of the latest developments.


Despite the evacuations, local officials are urging tourists not to cancel their trips.


Thousands of those affected are British tourists and some airlines are continuing to take holidaymakers to Rhodes. UK Foreign Office minister Andrew Mitchell has said that's a decision for the firms involved:


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Nigeria arraigns 12 suspected oil thieves aboard Cameroon-bound vessel

The Nigerian government has arraigned 12 suspected oil thieves in connection with a Cameroon-bound vessel laden intercepted with 150 metric tonnes of stolen crude oil.

The vessel was intercepted on July 7th on Escravos sea in Delta state, south-south Nigeria.

On board were 11 Nigerians and one Ghanaian.

Correspondent Tesem Akende reports from Jos.

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Russia Foils Ukrainian Drone Attack Inbox

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The Russian Defense Ministry says it foiled a Ukrainian drone attack in central Moscow.

Officials say two drones hit non-residential buildings when they were jammed by electronic air defense.

No injuries were recorded. It comes a day after Ukraine vowed to hit back after Russian attacks on Black Sea port of Odessa.

Isabel Nakirya reports.

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Indian opposition parties to protest demanding parliamentary discussion in crisis-hit Maniupr

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India's opposition parties continue piling pressure on the government over its handling of the security situation in the North-Eastern state of Manipur.

Opposition party MPs have launched a protest - demanding a discussion about Manipur.

They have demanding the Indian Prime Minister's statement in the house since last week when a video of tribal women being assaulted on the streets sparked country-wide outrage.

Ishan Garg has more from New Delhi.

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Taiwan military drills to defend island from China

CUE: Taiwan has started five days of live-fire military exercises to simulate attacks from from China. Beijing claims the democratic self-governing island as part of China, and reserves the right to use force to unify it with the mainland.

Andrew Wood reports from Hong Kong


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Second US submarine arrives in South Korea amid North Korea tensions

A second US submarine has arrived in South Korea, just days after the first US nuclear armed submarine in four decades was sent to a port in the country.

This comes amid tensions with North Korea, and as the US and South Korea are working on plans to coordinate responses in the event of a nuclear war with the country.

Rebecca Bundhun reports from Tokyo.

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Sunday, July 23, 2023

U.S. heatwave continues to put tens of millions of people under health warnings

Pervasive heat continues to hit many parts of the United States, after what has already been a record-breaking few weeks: particularly in the South and South West.

As the heatwave moves east, many usually cooler states are due to feel the intense heat in the coming week.

Caroline Malone reports from Washington.


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Friday, July 21, 2023

Little change on Wall Street but Dow hot streak continues

U.S. stocks closed largely flat Friday but the Dow Jones has kept its
hot streak alive.

Traders are now turning their attention to the Federal Reserve's
meeting next week.

William Denselow reports from New York.

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Biden brokers AI measures with US tech firms

US President Joe Biden has hailed the "enormous opportunities" offered by artificial intelligence ... but also warned of its "risks," as he announced new safeguards to protect Americans from the advanced technology.


Seven companies — including Amazon, Google, Meta and Microsoft — have voluntarily signed up to the measures, pledging to strive for "safety, security and trust."


Our US Correspondent Benji Hyer reports. 


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Judge Considers Challenge to Texas Abortion Law

A judge in Texas is set to rule whether the state's abortion laws have made doctors reluctant to perform the procedure, even when medically necessary.

Preliminary data from the state's health department data indicates that infant mortality rose over 10% coinciding with the state's abortion ban. 


Ira Spitzer reports from Austin.


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Trump & Cohen settle legal fees dispute

The Trump Organization has settled a lawsuit with Trump's former
lawyer who alleged the company owed him more than a million dollars in
unpaid legal fees.

The settlement with Michael Cohen means the trial due to start on
Monday won't now go ahead.

Nick Harper reports from Washington.

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Russia willing to rejoin Grain Deal if certain demands are met

Russia says it is prepared to return to the Black Sea grain deal if
Moscow's concerns are being addressed.
The Kremlin claims only a small percentage of grain that travelled
through the Black Sea went to developing countries.
Jody Jacobs reports from New York...

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CIA: Putin will take revenge on Prighozin

The CIA chief has warned Russian President Vladimir Putin will take
revenge on the head of the Wagner mercenary group following the
mutiny.

William Burns said Putin is waiting and assessing how to deal with
Yevgeny Prighozin.

Nick Harper sends this report from Washington.

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