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List of All Articles with Tag 'world'

Morgan Stanley Says Bill Dudley Is Wrong About the Bond Market
Morgan Stanley Says Bill Dudley Is Wrong About the Bond Market
When it comes to the bond market, it’s Morgan Stanley vs Bill Dudley now. In their latest assessment
2023-07-04 01:18
Léon Gautier: Last French D-Day fighter dies aged 100
Léon Gautier: Last French D-Day fighter dies aged 100
Léon Gautier is being remembered as a "defender of freedom" for his role opposing Nazi Germany.
2023-07-04 01:16
Crypto Miners Are Selling Bitcoin With Prices Near One-Year High
Crypto Miners Are Selling Bitcoin With Prices Near One-Year High
Bitcoin miners, many of whom have traditionally held onto the cryptocurrency after creating the digital assets, have been
2023-07-04 01:15
After the flood: The nightmare is just beginning for those left to rebuild after the Ukraine dam explosion
After the flood: The nightmare is just beginning for those left to rebuild after the Ukraine dam explosion
In a mud-soaked nightdress, the Ukrainian grandmother claws at the fetid water that has swallowed the steps down to her home in Kherson city. Frail and in shock, Antonia Shevchenko, 84 appears unaware of the futility of her attempts to try to drain the swamp drowning her house. Her daughter Svetlana, 64, marooned by the sweltering mud, tries to coax her to stop and calm down. Shelling roars in the background. It is the first time the pair have been back since they evacuated after the Nova Kakhokva dam blew up this month, unleashing the contents of one Europe’s largest reservoirs over southern Ukraine. The explosion - which Ukraine blames on Russia - sparked the worst ecological disaster on the continent in recent history and will likely impact global food security, according to the United Nations. In Kherson, the capital of the region, it killed dozens of people, submerged whole towns, drowned all the wildlife and turned this street into a canal. “We didn't even have time to get her clothes, we had to carry her in the slippers and nightie she is still wearing now,” says Svetlana in tears, as her confused mother repeats “It’s all just mud,” in the background. “It’s impossible to fix this. I feel nothing now. Everything is just empty inside. Now it’s all gone, we have nothing left," Svetlana adds. A few streets away Oksana Kuzminko, 70, who was also returning for the first time, picks her way through the devastation. “Welcome to zombie land,” she adds with a despairing shrug. Until recently the only way to navigate these streets was to steer a boat between the tops of the roofs of the submerged houses. Now the waters have receded, the terrifying scale of the damage and the work still to be done has been revealed. Sewage, mud, rubbish, dead animals, bits of masonry, and potentially land mines swirl together in the backyards of the partially collapsed houses. The area is still being pounded by Russian forces, stationed on the other side of the swollen banks of the Dnipro river. Anna Gatchecnko, 73, another elderly resident of this district, says the combination of flood waters and the war is “your worst nightmare”. “We survived the Russian occupation, the shelling and now this happened,” she says, wearing plastic bags she has tied to her feet in the toxic slush. “They took everything. My house, my belongings were the last things in this world that I had." The Kakhovka dam - essential for fresh water and irrigation in southern Ukraine - is located in a part of the Kherson region that Moscow illegally annexed in September and has occupied for the past year. The damage is so severe Ukraine has accused Russia of “ecocide” – believing Moscow’s forces blew it up in an attempt to prevent Kyiv’s troops from advancing in the south as they launched a counteroffensive. Moscow has vehemently denied the accusations and blamed Kyiv. Experts say the dam was so robustly built only an internal explosion could have caused such a catastrophic breach. The tearing floods have wiped out hundreds of towns and villages according to the United Nations, which has warned nearly a quarter of a million people have been left in need of drinking water. Downstream of the dam - towns and villages have morphed into polluted swamps where cholera has been detected. Upstream, the reservoir which once sustained swathes of agricultural land, has turned into a salty desert. Residents in those areas queue to get water from fire trucks under shelling. And the repercussions will be felt well beyond Ukraine’s borders, even potentially sparking global hunger. Ukraine - a major exporter of grains, oils and vegetables - was already struggling to export its harvest because of war. The ravages of flooding in one of the world’s most important breadbaskets will almost inevitably lead to lower grain exports, higher food prices around the world, and less to eat for millions in need. “The truth is this is only the beginning of seeing the consequences of this act,” Martin Griffiths, a United Nations aid official warned recently. It also raised fears about the stability Zaporizhzhia nuclear power plant, Europe’s largest, which relied on the waters of the now-dry Kakhovka reservoir to function. Rafael Grossi, head of the UN’s Atomic agency, which has unsuccessfully attempted to build a safety zone around the facility, was so concerned he travelled to the Russian-occupied plant. There he admitted it was "grappling with ... water-related challenges”. In Zaporzhizhia’s regional capital, Taras Tyshchenko, head of the Ministry of Health's Centre for Prevention and Disease Control, said if the Russians were capable of unleashing the waters over Kherson, they would have no qualms in taking out the nuclear power. After the dam's explosion, his health facility tests the air and waters across the region multiple times a day for radiation and contamination. So far they have detected cholera and remain on high alert for radiation. They have been through three rounds of training in the event there is a disaster at the nuclear power plant and have distributed potassium iodide tablets to those living within the danger zone. The damage from the destroyed dam is unfathomable, he says in front of the city’s main dock which is now dried out. The sweeping concrete jetty, which once hosted commercial water traffic, stoops forlornly over muddy puddles where his teams take water samples. “It could take well over a decade to fix the dam, refill the reservoirs and restore this region to normal," he adds grimly. "And that work can only really start after victory." In the interim cities, towns and villages along the Kakhovka reservoir will morph into wastelands if no solution is found. Deep fissures crisscross the cracked riverbeds where dead fish and molluscs slowly crisp in the sun. In one village, a forlorn fisherman drives a scooter across the desert scape in search of a pool of water. “Once the dam exploded we tried to build our own mini dams to try to retain some water, “ explains Vitaly Marozov, 29, who works at a 400-hectare farm producing vegetables and fruit just outside of the city of southern city Nikopol. He plays us a video of local volunteers building a makeshift barrier out of sacks and soil. “Now we are trying to dig wells but the water is salty," he adds. This is already destroying crops. Standing by a destroyed field of cabbages, dusted white with salt, he says they will be lucky if they can salvage a fifth of their total yearly yield. The damage he believes will cost their farm 22 million hryvnia, or around £500,000, and it will only get worse as the season progresses. “We are just one farm, this is the case all around this area. This will impact global food security unless someone does something drastic,” he continues. Back in the water-logged regions, volunteers deliver aid by boats to the communities now cut off from help. Others bring pumps to try to drain the pools of stagnant water from the worst-hit areas. But all it does is expose the irreparable damage done to the entire southern sweep of Ukraine. We find Olha Mosyk, 70, who was forced to swim to safety with a litter of newborn kittens, islanded by destruction in her home in the Mykolaiv region. Sodden muddy piles of dirt mark the remains of the walls of her house. “You need steel teeth to break Ukrainians. That won’t work on me,” she says, pulling up the remains of rotten potatoes from her destroyed field which is the same tyranny of blackened mud. “All we can do is try to pull ourselves together,” she adds with a pause. Back in Kherson city, Svetlana tries to comfort her mother Antonia who is on the cusp of a panic attack. “How do I feel? Crying all the time. My whole body is shaking,” the 84-year-old says faintly, her red floral nightie a flash of colour in the grey water. “It’s all flooded. My whole life is underwater.” Read More Zelensky accuses Russia of plotting ‘radiation leak’ attack at Zaporizhzhia nuclear plant Ukraine's president tells other countries to act before Russia attacks nuclear plant Ukrainian soldiers rescue Russian troops left to drown after Kakhovka dam destruction Russia-Ukraine war live: Moscow ‘arrests General Armageddon’ over Wagner rebellion Recapping the revolt in Russia, through the words of 4 presidents and a mutinous warlord
2023-07-03 23:22
Treasury Yield-Curve Inversion Approaches Multi-Year Extreme
Treasury Yield-Curve Inversion Approaches Multi-Year Extreme
A key segment of the US Treasury yield curve approached its most inverted level in decades Monday as
2023-07-03 22:58
Ambani’s Jio Unveils $12 Phone That Streams Video, Moves Money
Ambani’s Jio Unveils $12 Phone That Streams Video, Moves Money
Billionaire Mukesh Ambani’s group Monday announced an internet-enabled phone at an entry price of 999 rupees ($12) as
2023-07-03 22:56
Harvard sued over ‘legacy admissions’ after Supreme Court targets affirmative action
Harvard sued over ‘legacy admissions’ after Supreme Court targets affirmative action
Days after the US Supreme Court struck down race-conscious university admissions, civil rights groups have filed a federal lawsuit targeting so-called “legacy” admissions at Harvard University. The lawsuit, alleging widespread discrimination at the college in violation of the Civil Rights Act, is the latest challenge to the practice of prioritising university admissions for the children of alumni. “There’s no birthright to Harvard. As the Supreme Court recently noted, ‘eliminating racial discrimination means eliminating all of it.’ There should be no way to identify who your parents are in the college application process,” said Ivan Espinoza-Madrigal, executive director of Boston-based Lawyers for Civil Rights, which filed the complaint on 3 July. “Why are we rewarding children for privileges and advantages accrued by prior generations?” he said in a statement. “Your family’s last name and the size of your bank account are not a measure of merit, and should have no bearing on the college admissions process.” The group filed the lawsuit on behalf of the Chica Project, the African Community Economic Development of New England and the Greater Boston Latino Network. Last week, the conservative supermajority on the nation’s highest court ruled that private and public colleges and universities may not consider race as a factor in admissions, striking down the precedent affirmed in the 2003 ruling in Grutter v Bollinger. Civil rights advocates and justices who supported the decades-long precedent, intended to promote racially diverse college campuses, derided what they argue is the court’s ongoing perversion of the 14th Amendment and the foundational concept of equal protection. The latest lawsuit points to Harvard data finding that 70 per cent of the college’s donor-related and legacy applicants are white. So-called “legacy” applicants have a roughly six times greater chance of admission, according to records, pointing to a “custom, pattern and practice” that is “exclusionary and discriminatory” and “severely disadvantages and harms applicants of color,” plaintiffs argued. The complaint calls on the US Department of Education to initiate a federal investigation into Harvard’s application process and for the federal government to declare such practices illegal. “Harvard’s practice of giving a leg-up to the children of wealthy donors and alumni – who have done nothing to deserve it – must end,” Lawyers for Civil Rights litigation fellow Michael Kippins said in a statement accompanying the complaint. Following the Supreme Court ruling, Democratic lawmakers and President Joe Biden urged universities to reconsider their legacy admissions, which he said “expand privilege instead of opportunity.” The Independent has requested comment from Harvard. Read More Biden condemns Supreme Court striking down affirmative action: ‘This is not a normal court’ Biden reveals ‘new path’ to student debt relief after Supreme Court strikes down president’s plan Pence ‘doesn’t believe’ racial inequality exists in schools as he celebrates SCOTUS affirmative action ban
2023-07-03 22:48
Lionel Messi contract details with Inter Miami are massive
Lionel Messi contract details with Inter Miami are massive
Lionel Messi contract details with Inter Miami are massive
2023-07-03 22:28
BOE Newcomer Greene Warns UK Rates May Be Higher Permanently
BOE Newcomer Greene Warns UK Rates May Be Higher Permanently
The Bank of England’s newest policy maker Megan Greene warned that interest rates may settle at higher levels
2023-07-03 22:27
Avoid Private Equity Stocks as Rates Rise, JPMorgan Analysts Say
Avoid Private Equity Stocks as Rates Rise, JPMorgan Analysts Say
Europe’s private equity firms are a bad bet for stock investors as the industry grapples with depressed dealmaking
2023-07-03 21:59
Who are the favourites to win the Women's World Cup 2023?
Who are the favourites to win the Women's World Cup 2023?
Ranking the favourites to win the 2023 FIFA Women's World Cup - including the United States, England, Germany and Australia.
2023-07-03 21:27
Washington DC explosions – latest: Suspect on the run after attacks on three businesses
Washington DC explosions – latest: Suspect on the run after attacks on three businesses
Three explosions took place in Washington, DC over the weekend in what appears to be targeted attacks on businesses. An ATM, a Nike store, and a Safeway grocery store were all struck by explosions starting at about 4.30am on Sunday. The suspect remains on the loose and police are on the lookout for a vehicle used in the explosions. The attacks all occurred within 15 minutes, with the first taking place when the suspect blew up an ATM outside Truist Bank in the 2300 block of Washington Place in northeastern Washington. After leaving the scene in the car, the suspect detonated a second explosion at 4.36am at the Nike Store located in the 700 block of H Street. Nine minutes later, a molotov cocktail-style explosive was thrown at the Safeway grocery store on the 300 block of 40th Street before the suspect again left the scene by car. No injuries have been reported and the Metropolitan Police has said that the suspect didn’t appear to have been targeting the public as the explosions took place at closed businesses. Read More A DC Nike store, Safeway and ATM were targeted with explosives. Now the hunt is on to catch a hooded suspect Three Washington DC businesses targeted with explosive devices as hooded suspect on loose
2023-07-03 20:56
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