List of All Articles with Tag 'world'

ASK Group plans to raise as much as 10 billion rupees ($122 million) for its debut private credit

China’s industrial profits dropped at a slower pace in June, though worsening factory-gate deflation and slowing consumer spending

Asian equities were varied after the Federal Reserve hiked interest rates to a 22-year high and indicated that

With a 2-0 defeat to Canada in the second Group B contest, the Republic of Ireland were officially eliminated from the World Cup, but that does not tell the whole story.In its first-ever Women's World Cup appearance, the Republic of Ireland sent a message to the world.Irish women's...

Senator John Fetterman (D-PA) delivered an emotional speech about his disability to commemorate the 33rd anniversary of the Americans with Disabilities Act. Mr Fetterman spoke via video message in his signature Carhartt shirt at the American Association of People with Disabilities’ celebration of the landmark law that passed in 1990 with overwhelming bipartisan support. During his campaign for Senate last year, Mr Fetterman suffered a stroke which affected his auditory processing. As a result, he now uses speech-to-text technology. “The reality is that all Americans should be able to get access to the support that they need,” he said. “The Americans with Disabilities Act makes this possible.” In February, Mr Fetterman checked into Walter Reed Medical Center to undergo treatment for depression. He checked out at the end of March and has since returned to the United States Senate. “I want to thank your community for the work that you have done to make sure people with disabilities can run for and win office,” he said. Mr Fetterman appeared at the celebration with other elected officials including Sen Tammy Duckworth (D-IL); Steny Hoyer (D-MD), the former House majority whip; and Rep Debbie Dingell (D-MI). Transportation Secretary Pete Buttigieg also attended. “Now that I’m a senator, I’m going to continue to fight for disability rights in DC,” Mr Fetterman said. But many of the people at the event also highlighted the work that needed to be done to make places more accessible. Ms Duckworth, who lost both of her legs serving in the Iraq War, talked about how she took her two daughters to see the Barbie movie but could not go because the elevator did not work. “And so my two girls watched a movie with their nanny with me sitting outside for two and a half hours waiting for them to be done,” Ms Duckworth said, noting how nobody had informed her that the elevator was broken until after she bought a ticket. “It is 2023 folks we can and will and should do better.” She also pointed out how it is still legal to pay people with disabilities below the minimum wage and that medical equipment continues to get broken when people with disabilities travel by air. As a result, she said she is pushing for wheelchairs to be considered complex medical devices so they could not be destroyed. Similarly, Transportation Secretary Pete Buttigieg appeared over the video to discuss how the Transportation Department had begun preliminary work to stay in their wheelchairs as they fly. “And today we’re pleased to officially announce the rule that will increase the size of accessibility of airplane bathrooms to better accommodate access on board,” he said. The anniversary comes after many people who helped pass the ADA such as disability rights Judith Heumann and the late Sen Lowell Weicker, a Republican from Connecticut, and C Boyden Gray, an adviser to former president George HW Bush, passed away earlier this year. Ms Duckworth spoke about how eventually, plenty of people will need to use the accommodations that the ADA guarantees. “I hope one day you develop one because that will mean that you've lived a long life and maybe that you'll care about disabled access,” she said. Read More Back in hoodies and gym shorts, Fetterman tackles Senate life after depression treatment Hunter Biden’s plea deal appears at risk of falling apart. What happens next? Trump wants to see Biden impeached, and other Republicans are quick to pile on House UFO hearing probes claims of physics defying technology

Legislation championed by crypto advocates that sets clearer rules for the nascent industry was approved by a key

Demand for private credit rebounded globally in the second quarter, with 34 new funds raising $71.2 billion, more

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

United Overseas Bank Ltd. second-quarter profit beat estimates, buoyed by rising lending income. Net income, excluding one-off expenses,

Mexico will refinance Petroleos Mexicanos’s debt since it’s cheaper than if the state oil giant goes to the

More than 40 people have died in wildfires that have engulfed swaths of land in nine Mediterranean countries, destroying homes, livelihoods and forests. Thousands of firefighters worked to contain the blazes as searing temperatures scorched parts of Greece, Italy, Spain, Gran Canaria, Portugal, Turkey, Croatia and France, as well as Algeria and Tunisia. Authorities ordered the fresh evacuations of several communities in central Greece on Wednesday as they battled new fronts in the fires that have been spreading for 10 days. High winds hampered firefighting efforts, and combined with the heatwave, they created a “perfect storm” that allowed flames to spread. Sixty-one wildfires erupted across Greece in just 24 hours, the fire brigade said, with the worst outbreaks near the central town of Velestino, where officials ordered precautionary evacuations. Follow our live coverage of the wildfires and heatwave here But as Athens recorded 40C and northern Turkey 43C, there were hopes the mercury may now have peaked. The entire island of Rhodes, where more than 20,000 holidaymakers and locals were forced to flee at the weekend, was put into a state of emergency. At least seven people have been killed in Italy, which suffered extreme heat in the south and violent storms in the north, and in Algeria, 34 people including 10 soldiers have been killed by flames or smoke in recent days. Those fires also spread to forests in Tunisia, where some cities recorded 49C this week. On the island of Sicily, two elderly people were found dead in a home consumed by flames near Palermo airport, which had been closed temporarily because of encroaching flames, according to news reports. Another woman died after fires prevented an ambulance from reaching her home. Homes and hotels were also evacuated in the Italian regions of Sicily, Sardinia and Calabria. It comes after two Greek pilots were killed in a crash during a low-altitude water drop on Tuesday. The wildfires have released record greenhouse gas emissions this month, the European Union’s Copernicus Atmosphere Monitoring Service (Cams) said. The megaton of carbon was nearly double the previous record, set in 2007. Fire crews have been battling more than 500 fires for almost two weeks. Several people have been arrested or fined for accidentally starting fires, but scientists and EU officials say the increasing frequency and intensity of wildfires is down to the climate crisis. Without human-induced climate change, wildfires would have been extremely rare, according to World Weather Attribution, a global team of scientists. On Rhodes, a nature reserve was damaged, and fires also burned in Vati and Gennadi. “The fires have started again,” a fire official told The Independent. “A little wind and the fire returns … that’s the problem.” Dozens of firefighters were trying to tame a firefront in the south. Greece’s civil protection agency extended its state of emergency to the whole of Rhodes for six months “to deal with emergencies and manage the consequences of catastrophic forestry fire”, minister Vasilis Papageorgiou said. In the sleepy town of Malonas, volunteers ventured out again to try to keep the fires at bay – having fought back the flames as they approached the night before. “We have no energy, we have no power – not enough to stop this ... We are waiting for the wind to calm down to try again tonight to finish the job, but it is very difficult because after 10 days everyone is very tired,” said a volunteer named Panos. However, a “level 5” alert on Crete on Tuesday was dropped to level 4 on Wednesday, and one fire official said the wildfires that had raged across Greece for more than a week abated on Wednesday. The Greek government tried to contain damage to the reputation of its tourism industry. Tourism minister Olga Kefalogianni stressed that wildfires had affected only a small part of the island. A fire brigade spokesperson, Ioannis Artopoios, said tackling the fires was a significant financial burden for Greece, with firefighting on Rhodes alone costing about €7.5m (£6.4m) so far. In Italy, the government was meeting to declare a state of emergency in regions worst hit and introduce a furlough scheme for workers most exposed to the heatwave. The country’s firefighters said they had battled nearly 1,400 fires between Sunday and Tuesday, including 650 in Sicily and 390 in Calabria, where a bedridden 98-year-old man was killed as flames consumed his home. Planes were also trying to douse the flames on the hills around Palermo on Wednesday. In Croatia, water-dropping planes and more than 100 firefighters held back a blaze before it reached houses in the walled town of Dubrovnik. In Portugal, more than 500 firefighters tackled a blaze near Lisbon. Around 90 people were forced to leave their homes, along with 800 animals taken from farms under threat. Read More Where are the wildfires? The nine affected countries mapped Greece wildfires: What is the Fire Weather Index and which areas could face wildfires in the future?

EBay Inc. dropped after projecting earnings in the current quarter that narrowly missed analysts’ estimates, suggesting the e-commerce