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Chinese coal prices are creeping higher as the weather becomes more unpredictable and the government expands its supervision of mines in a bid to prevent accidents and curb overproduction.
What began as a budget impasse has turned into an unprecedented effort to fire federal employees and weaken agencies whose work runs counter to Trump’s agenda.
Executive Summary If the recent decision1 by the Regional Court in Frankfurt declining recognition of an English court’s sanction of a Restructuring Plan (RP) is upheld on appeal, it will undoubtedly call into question the RP’s continued appeal to European debtors—at least initially. But once the dust has settled, what will be the lasting consequences? As is often the case, the legal detail may be less dramatic than the headlines at first suggest. Our analysis is that, in many cases, a work-around will be possible, but, at the same time, we query the extent of European companies’ appetites to do so,…
South Korea is nearing a decision on whether to allow Google and Apple to export high-resolution geographic map data to servers outside the country. The detailed maps, which use a 1:5,000 scale, would show streets, buildings, and alleyways in far greater detail than currently available on these platforms. However, several regulatory and security hurdles remain unresolved. Earlier this week, South Korea’s National Assembly Defense Committee held a parliamentary audit of Google Korea. Lawmakers questioned the company’s requests for local map data, raising concerns over national security and digital sovereignty. The session comes two months after Seoul postponed its decision on…
Burke proposes new powers for anti-money laundering agency to target crypto ATMsSarah Basford CanalesThe home affairs minister, Tony Burke, has announced proposed new powers for Australia’s anti-money laundering security agency to target crypto ATMs.The minister said the Australian Transaction Reports and Analysis Centre (Austrac) found 85% of the funds from top users of crypto ATMs were involved in scams or potential criminality.Speaking at the National Press Club this afternoon, Burke said: I’m not pretending for a minute that everybody who goes in and uses a crypto ATM is a problem, but proportionately, what’s happening is a significant problem in an…
Washington — A scientist laid off by the U.S. Centers for Disease Control and Prevention said “the everyday American should be very concerned” by reductions in force amid the government shutdown.The scientist, one of hundreds of CDC employees terminated by the Trump administration last week, asked that her identity be concealed for fear of retribution. “It’s going to mean more deaths, more preventable deaths,” she told CBS News on Wednesday of the layoffs. “People will absolutely die from the impact of this administration.”The scientist worked at the CDC for the past decade, studying chronic diseases like diabetes and heart disease. She spoke…
These days, there is just nothing under the sun that President Donald Trump doesn’t see as an opportunity to attack blue cities and states. It’s terrifying and jarring, but it is also beginning to feel kinda rote. He’s a one-trick pony, but for fascism. But once you’ve deployed your brownshirts on the streets of multiple major American cities, threatening to take away a World Cup match or whatever no longer seems quite so scary. So, while nine months ago, the specter of Trump saying he would consider relocating World Cup games out of Boston because Mayor Michelle Wu is “radical…
A startling message came over the radio from an air traffic control tower near Los Angeles less than a week into the federal government shutdown: “The tower is closed due to staffing.” Without enough air traffic controllers to guide planes into and out of Hollywood Burbank Airport, the tower went dark for almost six hours on Oct. 6, leaving pilots to coordinate their movements among themselves. Flight delays averaged two-and-a-half hours in one of the first visible signs that the shutdown was already taking a toll on the nation’s aviation system. Since the shutdown began Oct. 1, the Federal Aviation…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldDonald Trump said Indian Prime Minister Narendra Modi promised that his country would stop buying Russian oil, in a move that could help ease trade tensions between the two nations.Trump told reporters on Wednesday that Modi pledged in a phone call earlier in the day to halt the purchases, over which Washington had imposed an additional 25 per cent tariff in August. The levy applied on top of Trump’s 25 per cent so-called reciprocal tariff.“I was not happy that India…
The first person I saw when I walked into the Pentagon for the final time was Jimmy. I don’t even know his last name, but I know his story. Before he started work at the labyrinthine headquarters of America’s armed forces, he was a medic in the Marine Corps. For the past 21 years, he has been a building police officer and an unofficial, affable greeter. Jimmy only told me about his military career in 2021, the morning after 13 troops were killed in a suicide bombing at the entrance of the Kabul airport amid the chaotic U.S. withdrawal from…