News Brief for June 2017

June 2017 News

Half way through the year and we saw more terrorist attacks in the UK while Brexit made an interesting turn with Theresa May's election gamble falling short. Donald Trump saw more opposition with plans for Trumpcare finally revealed and shock when he admitted he was being investigated. Bill Cosby's sex assault trial was declared a mistrial and in the world of technology it was discovered just how far the Russian's had hacked the US Election.

Battling on All Fronts

This week we saw fights break out everywhere from the war against ISIS intensifying to fighting for mankind's survival.

The fight against ISIS intensified this week with targeted attacks against notorious executioner Jihadi John along with threats from ISIS against Russia for their involvement in the war.

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The battle for mankind's survival continued with more calls for action from powerful figures like the Pope and Apple CEO Tim Cook. Recent studies into big energy providers has also shown they had been lying about their impact on the climate.

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Aviation Disasters

This week we saw numerous aviation related disasters making headlines.

Sinai Desert

A Russian aircraft carrying 224 people crashed in the Sinai dessert in Egypt killing everyone aboard. The bodies of 164 passengers were flown to Saint Petersburg while a doctor claimed that bodies he examined were burnt indicating an explosion. The black box is now being examined which record unusual sounds before the plane disappeared.

South Sudan

25 people died after a Soviet-built cargo plane crashed moments after taking off in South Sudan.

United States

The U.S. Coast Guard have found 1 body after a plane crashed off the coast of New York. The debris appears to be from a 4-6 passenger Cessna-type aircraft.

Lastly we end with a Wal-mart manager who had to make an emergency landing on a road in Arkansas. Luckily the emergency parachute deployed allowing the aircraft to float to the ground where it collided with a truck.

The People Controlling the World's Money

This week we see nations and businesses busying themselves as the world around them changed.

Nations at Odds

We begin this week in Greece with the continuing drama over debt with the IMF raising a red flag initially but later saying they expect Greece to make the $1.7 billion payment by 30 June as Athens continues to negotiate with creditors. Greece, however, wasn't the only country arguing over public funds this week as anti austerity marches took place in London with celebrities joining the masses. Russia didn't have a great week either with Europe extending economic sanctions by 6 months due to the crises in the Ukraine.

Outside of financial crises we saw Australia reveal this week that it would join the China lead infrastructure bank as a founding member while in the States SCOTUS upheld Obamacare after another legal battle over the wording in the law. But while disputes and economic quandaries were fought it was revealed that the NSA had been targeting the business world with security companies in particular in order to create malware that could bypass their defenses.

The Business World

The business world would be rocked further with WikiLeaks releasing more Sony emails and documents showing a deal made with Apple and settlements made. Controversy didn't end there with businessman Donald Trump entering the race to be US President and making surprising progress even after controversial statements about immigrants resulting in Univision dropping Trumps Miss USA pageant. But while some controversies boiled over others were dealt with head on as many large retailers stopped selling confederate flag related items after the tragic events in Charleston last week.

Finally we end the week with the digital world of business, in particular the new streaming music industry where new comer Tidal lost it's interim CEO just months after losing a previous CEO but it's wasn't all bad news when Apple was confronted by pop princess Taylor Swift in an open letter condemning their plans to not pay artists resulting in a turn around where Apple agreed to pay artists during the 3 month trial period.

Accidents and Natural Disasters

The week wasn't particularly pleasant with misfortune playing a large role in many tragedies.

Accidents

We begin the week with the world looking on as it was feared nearly 700 people had drowned off the coast of Libya after a human smuggling vessel sunk with the only progress being the captain and his crew being arrested. The EU held an emergency meeting regarding the tragedy however the outcome has been criticized as been inadequate. Elsewhere in the world 7 people were reported dead and 17 trapped in a flooded coal mine in China.

Older tragedies made news with robot's at the Fukushima nuclear power plant capturing images of a strange green glow and even further back to one of histories most notorious accidents one of the remnants, a deckchair from the Titanic, was sold for $190,000.

Natural Disasters

Mother nature proved a destructive force earlier in the week with Tsunami warnings raised for Japan's southern Okinawa island after a 6.6 magnitude earthquake struck off the Easter Taiwan. Another earthquake, 6.3 magnitude, was recorded between Nelson and Kaikoura in New Zealand's south island. However nature wasn't done with the Calbuco volcano erupting and sending plumes of smoke and ash into the atmosphere in southern Chile forcing evacuations of surrounding areas.

On the biological front new warnings were raised after it was discovered that Ebola, now thought to be under control, could still be spread by sex with the CDC asking previous victims to abstain from sex. Good news also followed on the Ebola front when a monkey was cured with a new experimental drug along with more good news of a clinical trial coming to an end offering a malaria vaccine. Meanwhile in Iowa 5 million hens are to be euthanized after a bird flu outbreak. We end the week with man doing as much damage to nature with the deteriorating quality of air in China under more scrutiny over the last few months as the second largest economy continues to plow ahead but it's not alone with growing economy Delhi claiming the most polluted air.

Terrorism on Trial

The week saw unsettled business take center stage with the beginning of the Boston Marathon Bombing trial along with various other worrying developments around the world.

Tackling Terrorism

We begin this week with the Boston Marathon Bombing trial which began after struggling to find jury members. The trial kicked off with opening statements with Dzhokhar Tsarnaev's attorney admitting his client had carried out the attacks but tried to push the blame onto his older brother. The trial continued with testimony from survivors recounting their experience on the tragic day with the trial expected to continue for weeks to come.

In other terror related news the Nigerian terrorist group Boko Haram released a graphic video showing the beheading of two men believed to be spies while in the US, Twitter revealed that it had suspended over 2000 accounts used by ISIS in recruiting new members resulting in ISIS threatening Twitter staff.

Political Front Lines

Politicians were on the front line this week when a man armed with a razor attacked a US ambassador slashing his face and wrist in opposition to military drills by South Korea and the US. The military drills also received attention from North Korea who fired two short range missiles into the sea as the drills began.

In Russia a new video has surfaced of the assassination of Russian opposition leader Boris Nemtsov last week, showing the bridge as the attack takes place. On the topic of high profile leaders, Ex-CIA chief Petraeus, has pleaded guilty to mishandling classified material with his mistress.

Blood on the Streets

In the world of drugs it was revealed that the Bali 9 were executed on a secluded island ignoring pleas from the Australian government while in Mexico police and troops made progress capturing Zetas cartel leader, Omar Trevino Morales, in a wealthy suburb of Monterrey.

Images were released which the police say confirms the homeless man shot by LAPD had tried to take an officers weapon. Finally we end the week with a Justice Department investigation into the Ferguson police which shows excessive use of force and unjustified arrests.

Technology Getting Ahead of Us

This week we saw technology getting ahead of us in some cases quite literally with advances in medicine and taking us to Space.

(Mad) Science

We begin this week in science where we meet Surgeon Sergio Canavero who claims that full body/head transplants of humans could be just around the corner after years of similar attempts on animals. Sticking with the weird a recent scan of a statue from 1100 AD of a monk has revealed the mummified remains of what is to be believed Buddhist master Liuquan within the structure itself. If the idea of a transplanted body or keeping your own preserved within a statue doesn't appeal to you then there's always the option of eating healthy by doing it the scientific way of eating 3D printed snacks that grow their own fillings.

Digital Dealings

Back to the digital world we're confronted with a major security breach after it was discovered that Chinese computer manufacturer Lenovo had installed malware called Superfish on various computers it sold. After revelations of the Superfish malware some took into their hands to express their displeasure when hacking group lizard squad took down the Lenovo website. Speaking of hacking, the FBI has set a record $3 million bounty for the capture of Russian hacker Evgeniy Mikhailovich Bogachev who is believed to be behind the GameOver Zeus botnet. Lastly, the week wasn't all bad with the announcement that the internet would remain free after the FCC chief said he would vote for strong rules on Net Neutrality in the States.

Earth and Beyond

While there was progress in attempts to keep Earth healthy and green, such as the Eiffel Tower making use of wind turbines to generate it's own power, there was shocking news when it was revealed that the ruined Fukushima plant was leaking radiation at 70 times the normal rate.

Taking a break from it all and heading out into space we saw ISS prep for arrival of new commercial capsules expected in 2017 and making the best out of the situation ISS astronaut Butch Wilmore took probably the most epic selfie of all time. Finally we end with news that Russia will keep it's station modules in orbit when ISS goes out of service and has plans to use them to create it's own base, Death Star anyone?

What Happened? 2014 Business News

Business experienced the usual ups and downs in 2014 but it was the actions of high powered individuals that impacted entire nations.

Politics

Russia suffered severe economic sanctions for it's involvement in Crimea but it was the falling oil price, due to OPEC's decision not to cut production, that was the final blow making the most impact on Russia's oil driven economy along with the Rouple. The US government had a busy year with Ben Bernanke being grilled about the decisions leading to the AIG bailout and politics narrowly avoided another shutdown when a $1.1 trillion bill was signed at the last minute. Protests in Hong Kong's business district nearly crippled the region and ended up costing retailers millions while in South America Argentina defaulted on it's loans for a second time ignoring a US courts ruling.

In the world of taxes Frances ridiculous 75% tax on millionaires was dropped while in the States over 30,000 IRS emails previously thought lost were found regarding the accusation that the IRS was targeting individuals based on their political views. Parts of Europe implemented what was termed the Google tax in an attempt to squeeze more from foreign companies operating in Europe and finally it seems European nations really had it out for Google trying to have the internet behemoth split.

Companies

Some companies probably wished for a quicker end to the year with not one but two high profile incidents, MH370 and MH17, Malasian airlines stock took a massive knock and had to be suspended at one stage. GM was on Capital Hill due to the large number of recalls due to safety issues with their vehicles. The hacking of Sony Entertainment's network caused havoc with confidential documents being released in droves bringing speculation of possible sales of assets while a previously targeted company, Target, faced a lawsuit over last years holiday hacks that saw 110 million customer details stolen. Not everyone managed to escape their fate with more former Madoff aides heading to prison and Uber was in the spotlight after an exec wanted to snoop on a journalist to discredit her work.

It wasn't all doom and gloom with the technology world seeing Alibaba make it's grand listing with the largest tech IPO ever. Apple had an interesting year with successful new products like the iPhone 6 and it's new smart watch which isn't available just yet but it also ran into issues with an Apple employee class action lawsuit and was the unwilling participant in many "die-ins" staged in protest of police brutality. Burger King successfully acquired Canada's Tim Hortons in a move to cut it's tax exposure and minimum wages made the spotlight with Walmart claiming to do away with it.

Banks

Years after they sent the world economy into a tailspin the European Central Banks conducted a health test and found everything to be fine. However things weren't over with banks still facing billion dollar fines from the US and UK for their involvement in the Libor scandal.

JPMorgan faced a class action lawsuit over $10 billion of mortgage-backed securities and finally Barclays faced a suit by the SEC over "dark pools".

What Happened? 2014 Headline News

2014 wasn't an easy year for the world at large with tragedies and human suffering defining a difficult time for many. While governments struggled with conflict and people fought for their rights, nature reminded everyone who was in charge.

Tragedies

Tragedy struck with Malaysia Airlines Flight MH370 disappearing on a route from Kuala Lumpur to Beijing with not a trace to be found of the 239 on-board. Things got worse when Malaysia Airlines Flight MH17 was shot down over the Ukraine by pro-Russian rebels killing all 298 on-board. But it wasn't over when another aviation tragedy struck on the tail end of 2014 when communication was lost with Asia Airs Flight QZ8501 echoing the loss of MH370 with 162 on-board until search parties discovered parts of the wreckage and bodies of the crew and passengers.

South Korea suffered a national disaster when a Ferry carrying 450 people, mostly school children, capsized. Towards the end of the year another Ferry disaster struck in the Adriatic Sea when the ferry caught on fire killing 11 on-board. The year ended with 35 people killed in a New Years celebration's stampede.

Protests

The year saw people protesting across the world starting with the unfortunate killing of Michael Brown in Ferguson Missouri which sparked protests around police brutality. Things only got worse when a second man, Eric Garner, was killed in New York by a police officer using a choke hold. However the protests against police brutality were stymied after 2 police officers were executed in New York by a lone gunman and tension grew as more police became targets.

It wasn't only the US that saw people protesting as Hong Kong came to a grinding halt after protestors took over the main business district. With corruption and gang violence prevalent Mexico experienced protests after 43 students went missing and were believed to have been killed by gangs with government assistance. Protests were triggered in the Ukraine by politics resulting in the President being thrown out, but it didn't end there with things only getting worse.

Politics

After protests in the Ukraine erupted Russia invaded Crimeia outraging the international community and beginning the process of sanctions on Russia for it's actions. While some conflicts resulted in financial pain others were outright bloody with old enemies fighting in Gaza to a new foo the world learnt to fear with ISIS who resorted to beheading journalists as threats against the west.

North Korea flexed it's muscle with it's old adversary South Korea and challenged Sony when a movie about it's leader resulted in hackers believed to be from North Korea breaking into Sony's network and threatening terrorist style attacks if the movie was released. Even with blood in the streets it was what happened behind the scenes that brought about outrage when the CIA torture report was released detailing it's torture methods. Boko Harem in Nigeria resorted to kidnapping 273 school girls and selling them off into slavery triggering the campaign for #BringBackOurGirls.

Individuals

Some individuals shone bright making their names with the Nobel Peace Prize being awarded to Malala Yousafzai making her the youngest ever recipient while the entertainment world lost great entertainers with Robin Williams death shocking everyone.

The news wasn't great for everyone with Rob Ford caught in another video smoking crack less than a year after the first video emerged and the Oscar Pistorius trial which gripped the world. US President Obama had a tough year when the Democrats lost control after many cut ties to Obama and top officials like Eric Holder resigned.

Nature

For a year where man did his best to destroy nature wasn't going to be outdone with Earthquakes ravaging areas and Wild fires tearing through Northern California destroying everything in its path as it passed through, Hawaii had to call in the National Guard after a volcano directed a slow moving mass of lava into populated areas.

Over 900,000 people had to be evacuated after Typhoon Hagupit slammed into the Philippines all the while a deadly disease threatened to take down everyone in the form of Ebola which spread through West Africa claiming nearly 7000 lives.

Santa's Naughty Spreadsheet

It was a short week in the business world with Christmas bringing Santa and his naughty list to town.

As the price of oil drops there has been a major impact on many of the large oil producers including Saudi Arabia which saw an increase in the budget deficit. But it was Russia which took the biggest knock thanks to the oil price and the impact of sanctions with it's currency the Rouble suffering initially only to stabilize and see inflation rise dramatically.

On the tax front Israel's Bank Leumi settled it's US tax charges and paid $400million along with handing over the details of it's clients but it was the Mississippi physician who was sentenced to 6 years after trying to scam the IRS by funneling his earning through a church that gets the biggest lump of coal.

After recent hacks there is the possibility of a sale of Sony studios along with it's Music Publishing Division and, speaking of dirty laundry, Uber has now been charged by South Korea for violating transportation law, just add that to the list of other legal action it's facing.

Finally, Target is facing a lawsuit from angry customers after the hacking incident last year while TripAdvisor has been fined $600,000 for false reviews by Italy's antitrust authority.

Business Battered and Bruised

It's been a relaxed week on the markets with a few big movers announcing results but with most attention on states and their business interests.

State of Business

With the recent downing of Flight MH17 the total liability of the crash could reportedly reach $1 billion, add to that the second major blow to it's brand, can Malaysian Airs survive? In related Ukrainian news Russia are having trouble selling bonds after their Ukraine adventure prompted the cancellation of the bond auction.

More nations are having a hard time with Argentina asking a US judge to put the debt payment order on hold while Puerto Rico's debt crisis could be heading for a US style bankruptcy resolution. South Korea announced a new stimulus plan to help the economy after the Ferry disaster earlier in the year slowed economic growth. In the Eurozone public debt spiked reversing the down trend when the economic crisis eased. The IMF has cut the global growth outlook taking into account weakness in both the US and China.

Saudi Arabia seems to be the only glimmer of hope as it announced it had opened it's $531 billion stock market to foreign investors for the first time.

Business Battered

A widow of a chain smoker has been awarded $23billion in damages against the second largest cigarette maker in the US, RJ Reynolds.

McDonald's didn't have a great week when it was revealed there was an issue with a supplier of meat to McDonalds in China resulting in certain items being pulled from menu's. McDonald's hasn't had much luck in Europe either with it's German profits taking a knock and the Russian consumer protection agency seeking to ban some of it's burgers and milk shakes.

Barclays employee's have said they were concerned about the "Dark Pools" before the suit was filed by the SEC. Barclays has since filed to have the suit dismissed but the SEC have instead stepped up the inverstigation.

The takeover of Time Warner by Rupert Murdocks News Corp has been bumpy with Time Warner preventing shareholders from calling meetings and as interest grows shares of Time Warner could reach $105 a share.

Technology Titans

Facebook showed critics when it's reported  profit's more than doubled thanks to mobile ads resulting in the stock going on to hit a record high and pocketing founder, Mark Zuckerberg, a cool $1.6 billion.

Apple seems pretty certain of it's future reportedly asking it's supplier to produce 80 million large screen iPhones however things weren't all great as it was revealed 18,000 Apple employee's have opened a class action lawsuit against Apple.

More tech Titans made themselves known on the stock market with Alibaba indicating it would wait till after US Labor Day to launch it's much anticipated IPO. However things weren't great for many others with Microsoft's fourth quarter earnings taking a hit after it's acquisition of Nokia and finally Amazon didn't fare to well either when it posted a $126 million loss.

Conflicts Turn Into Catastrophe

This week has revealed a world in turmoil with futures uncertain for many in and around hotbeds of violence.

Russia and Ukraine

The US imposed further unilateral sanctions on Russia striking another blow to Russia's economy who were not happy with the newly imposed sanctions and threatened retaliation.

While politicians continued to argue blood was shed with the Ukraine army pushing back on the rebel-held Donetsk. However the world stood up and took notice when commercial flight MH17 was shot down by pro Russian militants killing 298 people on board. Among the passengers were 100 AIDS researchers on a trip to a conference in Melbourne, Australia. Since the shooting down of Flight MH17 the UN Security Council has called for an emergency meeting to discuss the growing problems.

Israel and Gaza

After the kidnapping and murder of several teenagers Israel forces retaliated by sending in troops to the north of Gaza and later bombing Hamas targets hitting a Mosque and clinic. Hamas countered taking aim at Tel Aviv with casualties beginning to grow on both sides of the conflict. As the conflict escalated the number of casualties rose further as both sides fought tit for tat.

There was a brief seize fire organized by Egypt which Israel accepted in return for militants stopping rocket fire, however, it did not last long with Hamas armed wing vowing to intensify the conflict and Israel targeting top Hamas leaders in return. As the conflict continued more innocents paid the price with an Israeli airstrike killing four children on a Gaza beach. Israel claimed a small victory when it stopped 13 men tunneling in from Gaza. There was momentary peace when another seize fire was agreed for 5 hours for humanitarian aid with fighting continuing soon after.

Libya

Fighting at Tripoli's international airport escalated with clashes between Zintan and Islamist Militia killing 7 people with fighting continuing when days after the initial attacks the airport was hit by rockets. With unrest threatening to spiral out of control the UN withdrew all it's staff from Libya and Libyan airspace was closed.

A suspect in the 2012 attack on the US embassy in Benghazi was found dead in his prison cell after only 2 days in custody.

Iraq

The US and Iraqi government have tried to use growing tension between the extremists groups against each other. However the US see's risks in assisting Iraq directly with many units are deeply infiltrated by either Sunni extremist informants or Shiite personnel. With fighting Kurdish women battled jihadist-led rebels in Iraq and lastly 29 people were killed in Baghdad when Militia stormed an apartment building in the east.

Money, who's in control?

Money kept it's momentum even with government interventions, policies and preventative measures.

The people in charge

Russia's actions over Crimea have landed it in hot water with the international community who have only one hand to play... sanctions. According to the US State Department Russia was hit with "Real Economic Pain" over it's handling of Crimea. The SEC (Securities and Exchange Commission) contacted investments firms with exposure to Russia to make sure they were properly managing risk. Initial sanctions were met with defiance with some under sanction threatening to take their business elsewhere.

The Federal Reserves chairman, Janet Yellen, hinted at raising rates shaking markets around the world.

The Justice Department reached a $1 billion settlement with Toyota over it's response to consumer concerns.

Taiwan students took over Taiwan's legislature over a trade deal with China which they fear gives mainland too much influence.

Retail Therapy

Chinese e-commerce giant, Alibaba, has confirmed it will list in the United States aiming to rise $10billion.

Labelux, the owners of Jimmy Choo, said it may float the business for £1billion but is still in talks with investments banks.

An investigation into the recent suicide of fashion designer L'Wren Scott reveals her company was in debt of $6.5million.

Currencies

Mt.Gox managed to find 200,000 bitcoins valued at $116million in an old format digital wallet.

Bitcoin's have been used to purchase a $500,000 Villa in Bali in what is considered the largest Bitcoin purchase ever.

A new £1 coin was introduced to prevent counterfeiting and is set to be introduced in 2017.

General

Unskilled and destitute workers have become hiring targets for the decommissioning of the Fukushima nuclear plant as finding skilled labour becomes more difficult.

BP bids $41.6 million to return to drilling in the gulf after it's disastrous Deepwater Horizon oil spill in 2010.

Fighting for their rights

The world has seen it's fair share of fighting of late and it hasn't been fought in a war zone but instead much closer to home.

Ukraine

Protests in the Ukraine began after President Viktor Yanukovych decided against an agreement with the European Union in favour of closer ties with Russia. After weeks of turmoil and protests the agreement was eventually signed.

Protests continued to rage on even with an interim President in place. The former Presidents mansion was over run with protestors who discovered his extravagant lifestyle. Incriminating files were also discovered dumped in a lake.

Since President Viktor Yanukovych departure Russia has had various warships on standby in the Crimean peninsula and the United States warning Russia over any intervention.

Companies associated with former President Viktor Yanukovych have also been targeted in a corruption investigation.

Venezuela

Venezuelan anti-government protestors have been protesting due to high levels of criminal violence and lack of basic goods and demanding President Nicolas Maduro step down.

An outspoken ex-general of Venezuelan President Nicolas Maduro was caught in a standoff at his home with security forces.

Students have also been setting up roadblocks in Caracas halting transport escalating the standoff. This has come after the death toll rises since early February.

Thailand

Anti-government protests have been raging since 2013 over Prime Minister Thaksin Shinawatra and an amnesty bill pardoning two politicians on murder charges.

Attacks on protestors by government forces have resulted in deaths as tensions escalated.

Protestors have since targeted companies linked to Prime Minister Thaksin Shinawatra keeping pressure on the Prime Minister despite more deadly attacks.

Uganda Gay Bill

Ugandan President Yoweri Museveni signed the controversial anti-gay bill this week making it illegal for people to be gay and imposing harsh penalties.

The action has resulted in a backlash with the World Bank postponing a loan to the country and with donor countries slashing aid to Uganda.

Arizona Gay Bill

In Arizona, Governor Jan Brewer vetoed a bill which would allow business owners to essentially discriminate against gay people to "protect religious freedom".

Many spoke out against the bill with the Major League Baseball releasing a statement condemning the proposed bill and Apple also urging the Governor to veto the bill.