WARNINGS FROM US
Burberry axes CEO and dividend, warns on profit
Burberry appointed Joshua Schulman, ex-Michael Kors CEO, and warned of profit shortfalls, canceling its dividend amid a 21% sales drop by June 29. Jonathan Akeroyd departed immediately. The 168-year-old brand, renowned for dressing English upper classes, refocuses on core customers, classic check prints, and second-half improvement, moving away from bold colors.
Germany to ban Chinese giants from 5G network
German officials said their telecom networks must be protected from cyberattacks, calling it an “existential threat”. Officials added that they have reached agreements with 5G network operators in the country. Huawei responded saying there was “no specific evidence” that the technology has “cyber security risks”.
Kremlin warns US missile deployment could make European capitals Russian targets
Kremlin warns of potential escalation if US deploys missiles in Germany, making European capitals vulnerable. White House aims to station long-range weapons in Germany as a deterrent. Russia and US in talks to lower risk of conflict. NATO reinforces defenses in Europe post Russia's Ukraine campaign.
China warns NATO against 'provoking confrontation' over Russia ties
NATO leaders said in a declaration from their summit in Washington on Wednesday that China had "become a decisive enabler of Russia's war against Ukraine". It said Beijing's "so-called 'no limits' partnership" and "large-scale support for Russia's defence industrial base" were of "profound concern".
Warning letter: USFDA pulls up Sun Pharma for manufacturing issues at Dadra facility
"Your firm failed to clean, maintain, and, as appropriate for the nature of the drug, sanitise and/or sterilise equipment and utensils at appropriate intervals to prevent malfunctions or contamination that would alter the safety, identity, strength, quality, or purity of the drug product beyond the official or other established requirements," the USFDA said.
Applying for a US student visa? American Embassy has a warning for you
Indian students continue to favor the United States as their top destination for overseas education, with expectations of increased student visa applications in 2024. In 2023, India issued 140,000 student visas, and the number of Indian students in the US surged by 35 percent to reach a record 268,923, constituting over 25 percent of the international student population in the country. Acting spokesperson Nicole Holler highlighted the appeal of US universities for their facilities, faculty quality, research opportunities, and career benefits.
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Majority of US media expect President Biden to withdraw from race to save American democracy & from Trump
Top US media outlets urge caution in Biden's re-election bid due to the threat posed by Trump. The future of American democracy hangs in the balance as concerns grow over Biden's performance and the potential consequences of Trump's return to office.
US and Europe warn Lebanon's Hezbollah to ease strikes on Israel and back off from wider Mideast war
Mediators from the U.S., Europe, and Arab nations are working to prevent escalating tensions between Israel and Hezbollah in Lebanon from turning into a broader Middle East conflict. Despite ongoing violence and threats from Iran and Israel, efforts are focused on warning Hezbollah against provoking Israel further. The situation has been marked by cross-border attacks and strong rhetoric, with fears that a second front in the region could open, complicating the conflict with Hamas in Gaza. Diplomatic efforts continue, with hopes that a resolution in Gaza could ease tensions along the Israel-Lebanon border.
Foreign Office issues warning over spread of bacterial infection in the UK
The UK and other countries are dealing with the outbreak of meningococcal disease after it was detected in some individuals returning from Saudi Arabia. This can be fatal in some cases. It is important to take some precautions.
Snapchat introduces safety features to safeguard teens
Snapchat is introducing features like blocking capabilities, location-sharing, increased in-chat warnings and others to safeguard teens from harm online, Uthara Ganesh, a senior executive at Snap Inc told ET . Snapchat had said before that teenagers would not be suggested in ‘Quick Add’ or ‘Search’ unless they have multiple mutual connections in common with the other person.
Are flights being delayed due to a heatwave?
The US is experiencing extreme levels of high temperature this summer. This has led to heatwave warnings being issued in many states. In this context, experts point out that flights are being delayed.
Tens of millions in the US are under dangerous heat warnings
Extreme heat alerts have continued for millions of people in the United States, with cities like Chicago breaking records at the start of a week of sweltering weather. The Midwest and Northeast were under heat warnings or watches, with officials announcing the opening of cooling centers and urging people to limit outdoor activities when possible. Phoenix has experienced the most heat waves since 1936, with temperatures reaching 112 F (44.4 C) on Saturday.
US Surgeon General calls for social media warning labels to protect adolescents
In an op-ed in the New York Times, Murthy wrote that a warning label alone will not make social media safe for young people but that it can increase awareness and change behavior as shown in evidence from tobacco studies. The U.S. Congress would need to pass legislation requiring such a warning label.
Facebook, Instagram, Twitter to have cigarette box-like warning labels soon? Here's what US surgeon general Vivek Murthy says
Dr. Vivek Murthy said that social media is a contributing factor in the mental health crisis among young people. Will Facebook, Instagram, Twitter act?
Donald Trump vows tax cuts, warns vaguely of 'danger' from immigrants
Speaking to thousands of supporters at a convention center in West Palm Beach, Florida, the Republican candidate vowed to further cut the corporate tax rate he lowered while president, while also providing tax relief to the middle class. Trump, who is locked in a close rematch race with President Joe Biden, a Democrat, did not provide specifics.
US Weather: Miami warned of more rains, thunderstorms, and tornadoes. Details here
The rainy weather might bring tornadoes. If your area has been issued a tornado warning, take shelter in a room on the lowest story of your building.
G7 plans to warn small Chinese banks over Russia ties, sources say
U.S. officials expect the G7 wealthy democracies to warn smaller Chinese banks at the upcoming summit hosted by Prime Minister Giorgia Meloni regarding their assistance to Russia in evading Western sanctions.
Former Trump defence official warns against Chinese surprise attack on Taiwan
Former US President Donald Trump's administration official Elbridge Colby has served as deputy assistant secretary of defence for strategy and force development in 2017-2018. In an interview with Japan's Yomiuri Shimbun conducted in Washington DC, Colby said that the military needed to be strengthened so it could deliver any immediate response against Chinese aggression.
US weather forecast: Flood likely in Baltimore, Washington; Heatwave warning in California, Texas
US weather forecast has predicted extreme flooding and heatwave in parts of the US.
NATO chief dismisses Russian warnings after arms restrictions lifted
NATO chief Jens Stoltenberg on Friday dismissed warnings by Russian President Vladimir Putin that allowing Ukraine to use Western weapons to strike inside Russian territory might lead to an escalation. Speaking on the sidelines of a NATO foreign ministers' meeting in Prague, Stoltenberg said the alliance had heard such warnings many times before and self-defence was not escalation.
G7 criticise China, warn of escalation in trade disputes
The club of rich-world ministers and central bankers concluded its gathering in the Italian lakeside town of Stresa on Saturday with a communique that cited the world's second-biggest economy by name and accused the country of hurting the economies of its trade partners.
US House passes crypto bill despite warnings from SEC
The House approval comes as the U.S. Securities and Exchange Commission (SEC) signals that it will likely approve applications for spot ether exchange-trade funds in a surprising boost to the industry.
China warns after Lai inauguration that Taiwan independence is 'dead end'
China warned on Monday that efforts toward Taiwan's independence are a "dead end" after the island's new President Lai Ching-te took office. Beijing, which considers Taiwan part of its territory and has threatened force to control it, labelled Lai a "dangerous separatist." Chinese foreign ministry spokesman Wang Wenbin reiterated that Taiwan independence efforts are doomed to fail. Concurrently, Beijing imposed sanctions on three US defence companies over arms sales to Taipei and censored discussions of the inauguration on Chinese social media.
IRS warns against false tax returns, threatens fines and criminal proceedings. Here are details
Internal Revenue Service or IRS has issued a warning against false filing of tax returns. The penalties could include a steep fine and/or initiation of criminal proceedings.
"For everyone's benefit, don't think people should take a narrow view of it": EAM Jaishankar responds to US' sanction warning on Chabahar Port deal
Chabahar Port Deal: EAM S Jaishankar stresses regional benefits of India-Iran Chabahar Port deal despite US sanctions warning at his book launch "Why Bharat Matters" in Kolkata. US State Department's Vedant Patel warns of potential sanctions for deals with Tehran. India has signed Long-Term Bilateral Agreement with Iran for Shahid-Behesti port operation.
Chabahar Port deal with Iran sparks sanctions warning for India from its 'good friend' US
India and Iran signed a 10-year agreement to manage the Chabahar Port, enhancing regional connectivity and providing an alternative to China's Belt and Road Initiative. The US warned of potential sanctions for dealing with Tehran, but stated it would let India address its foreign policy objectives. The deal strengthens bilateral relations and facilitates trade with Afghanistan and Central Asia, with plans to integrate the port into the International North South Transport Corridor. India's investment in Chabahar's infrastructure aims to improve trade routes and access to Central Asian markets.
Fierce fighting rocks Gaza after US warning of post-war 'anarchy'
Israel defied warnings to battle Hamas in Gaza, while UN chief called for a ceasefire. The conflict continues with reports of Hamas leader's whereabouts and residents receiving evacuation orders in Gaza City.
Your car may be giving you cancer, warns study
Study warns of cancer-causing flame retardants in cars, impacting cabin air quality. Toxic air release due to heat poses public health risks, especially for drivers with longer commutes and child passengers. Control cabin temperature to reduce exposure.
US seeks information from Tesla on how it developed and verified whether Autopilot recall worked
Federal highway safety investigators are seeking information on Tesla's development of a fix for its Autopilot partially automated driving system recall. The National Highway Traffic Safety Administration has concerns about the recall's effectiveness, as Tesla has reported 20 crashes since the software update in December. The agency has asked for detailed information on how Tesla used human behavior science in designing Autopilot and the company's assessment of human factors.
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