World Set for Hottest Month Ever as Climate Change Sears Planet
July is set to become the world’s hottest month on record, as fossil fuel emissions drive climate change
2023-07-27 22:48
July 2023 set to be world's hottest month on record -scientists
By Gloria Dickie As thousands of tourists fled wildfires this week on the Greek island of Rhodes, and
2023-07-27 21:54
Grimace shakes help send McDonald's sales surging
When McDonald's introduced a limited-edition purple shake in honor of Grimace's birthday, it probably didn't expect the item to go viral on TikTok quite like it did: With TikTokers showing themselves sipping the dessert drink and then, soon after, writhing in mock pain or playing dead.
2023-07-27 20:29
Gap hopes to end four years of turmoil with new CEO
Gap Inc has turned to Richard Dickson, credited with turning around the Barbie brand at Mattel, to lead
2023-07-27 19:57
Greece’s Wildfires Burning Through Its Natural Carbon Stores
Greece’s wildfires are burning through the country’s natural carbon sinks in the latest sign of how heat waves
2023-07-27 19:28
Greece Fights Wildfires as Wind Raises Risk Across Mediterranean
Greece is fighting almost 200 wildfires as strengthening winds present an additional challenge, even as the heat wave
2023-07-27 17:29
Travis Scott insists Utopia gig at Egypt's pyramids will happen
The rapper's spectacular show at the Egyptian landmark is officially cancelled at the last minute.
2023-07-27 16:50
Argentina could again use yuan to evade IMF default
By Jorgelina do Rosario and Rodrigo Campos LONDON/NEW YORK (Reuters) -Time is running out for Argentina to secure the next
2023-07-27 15:15
North Korea: Kim Jong Un shows off missiles to Russia defence chief Shoigu
Russia's defence minister Sergei Shoigu praised N Korea’s military as the “most powerful” in the world.
2023-07-27 13:52
Russia-Africa summit: Putin seeks to extend influence
Russia's president is hosting a summit of African leaders in a bid to increase Moscow's influence.
2023-07-27 10:54
Billionaire Joe Lewis pleads not guilty to insider trading in schemes involving girlfriend and private pilots
Joe Lewis, the British billionaire and long-time majority stakeholder in Tottenham Hotspur, pleaded not guilty in New York on Wednesday to charges of insider trading. The previous day, federal officials said the investor “abused his access to corporate boardrooms” and carried out a series of “brazen” instances of financial misconduct, sharing insider information with friends, employees, and former romantic partners. He’s charged with 16 counts of securities fraud and three counts of conspiracy, Reuters reports. “That’s classic corporate corruption,” US attorney Damian Williams said in a video statement on Tuesday. “It’s cheating, and it’s against the law.” Attorneys for the billionaire said he plans to fight the charges. “The government has made an egregious error in judgment in charging Mr Lewis, an 86-year-old man of impeccable integrity and prodigious accomplishment,” David M Zornow said in an email statement to The Independent on Tuesday. “Mr Lewis has come to the US voluntarily to answer these ill-conceived charges, and we will defend him vigorously in court.” In a hearing on Wednesday before US magistrate Judge Valerie Figueredo in Manhattan following Mr Lewis’s early-morning arrest by the FBI, new details about the case against the businessman came to light. As part of a $300m bond, Mr Lewis was ordered to surrender his mega-yacht, the Aviva, as well as his private aircraft. He will now be barred from international travel as the case proceeds. Officials also accused two of his pilots, Patrick O’Connor of New York and Bryan Waugh of Virginia, of profiting off illegal tips from Mr Lewis. Both men have pleaded not guilty, and their lawyers declined requests to comment from Reuters. Prosecutors allege Mr Lewis lent the men $500,000 each in 2019, encouraging them to buy stock in an oncology company in which the billionaire had invested. Mr O’Connor allegedly texted a friend “the Boss has inside info”, a seeming reference to a tip that the billionaire allegedly passed on that the company was about to announce promising clinical results. After the company announced the news, the shares the pilots allegedly bought leapt by 16.7 per cent, and prosecutors allege one of the men labeled a payment to Mr Lewis “loan payback” and listed the company’s stock symbol. In an accompanying civil case, the Securities and Exchange Commission accused Mr Lewis, the pilots, and the billionaire’s former girlfriend Carolyn Carter of insider trading. Officials allege that in 2019, Mr Lewis told Ms Carter about a biotech company that was about to raise capital and potentially increase its share price, even though he was bound by a confidentiality agreement. She then allegedly bought $701,000 in the company, earning a $172,000 on her investment. The Independent has contacted Ms Carter for comment. “When insiders like Lewis take advantage of their access to such information, it erodes public trust and confidence in the fair and efficient operation of our markets,” SEC enforcement director Gurbir Grewal said in a statement. “That’s why we will continue to use all the tools at our disposal to hold accountable those who abuse their positions for personal benefit and the unlawful enrichment of others.” Tottenham Hotspur told The Independent, “This is a legal matter unconnected with the club and as such we have no comment.” Mr Lewis ceased to be a "person with significant control" of the Premier League club last year, following a "reorganisation of the Lewis Family Trusts,” the club said, according to Sky News. He bought a controlling stake in the Premier League club from Lord Alan Sugar in 2001 for £22m. Mr Lewis owns the Tavistock Group, which owns more than 200 assets across 13 countries, including Tottenham Hotspur and UK pub operator Mitchells & Butlers, according to Sky News. The 86-year-old is worth an estimated $6.1bn and lives in the Bahamas, according to Forbes. Read More Who is Joe Lewis? The secretive billionaire Tottenham owner charged with insider trading UK billionaire Joe Lewis, owner of Tottenham soccer team, charged with insider trading in US Football rumours: Tottenham owner tells chairman to sell Harry Kane
2023-07-27 07:46
Biden to allow US to share evidence of Russian war crimes with International Criminal Court
President Joe Biden has decided to allow the US to cooperate with the International Criminal Court's investigation of Russian war crimes in Ukraine, two US officials and a source familiar with the matter told CNN.
2023-07-27 07:15