Elon Musk has completed his $44 billion acquisition of Twitter, the company confirmed in a securities filing Friday, putting the world’s richest man in charge of one of the world’s most influential social media platforms.\n\nThe company said the deal “became effective” on Thursday, as part of a filing notifying its intention to de-list from the New York Stock Exchange, a move that happened later on Friday. The confirmation comes after a source familiar with the deal told CNN the deal had closed Thursday night.\n\nMusk also appeared to acknowledge the takeover in a tweet Thursday night saying, “the bird is freed.”. The deal’s closing removes a cloud of uncertainty that has hung over Twitter’s business, employees and shareholders for much of the year. It also averts a court battle that was set to take place if the acquisition did not close by 5 p.m. ET Friday. But Musk’s takeover now raises a host of new questions for the future of the social media platform, and the many corners of society impacted by it. Musk on Thursday fired CEO Parag Agrawal, CFO Neg Segal and policy head Vijaya Gadde, according to two sources familiar with the situation. He also fired Sean Edgett, Twitter’s general counsel, a source told CNN.\nDespite multiple news outlets confirming the changes Thursday night, Twitter staff had still not formally been informed of the changes as of Friday morning, two Twitter employees told CNN.

Twitter de-lists from the New York Stock Exchange.

It’s been five months since Elon Musk took over Twitter after a long-drawn out, tumultuous negotiating period. There has been a lot of controversy since he positioned himself at the helm of the social media platform, including massive layoffs, allowing too-long tweets, and altering the algorithm to make his Super Bowl tweets rank higher. He closed the deal to acquire Twitter on Oct. 28, after paying his original officer price of $54.20 a share for a grand total of approximately $44 billion. He fired some of the company’s top executives almost immediately, including CEO Parag Agrawal, chief financial officer Ned Segal, and chief legal officer Vijay Gadde. Soon after, he began to lay off staff members to remove around half of the 7,500-strong workforce. Twitter value drops to half of Musk’s acquisition price. Now, it appears that Twitter is facing financial challenges. Changes since Musk’s takeover have resulted in more hate speech, issues in acquiring blue check verification, and problems with the app’s features. According to Zoe Schiffer, managing editor of Platformer, a tech news website, the billionaire sent an email to Twitter employees admitting that the company has been through radical changes which were necessary. Musk also reportedly acknowledged that the platform was previously about four months from running out of money. Per Schiffer, the value of Twitter is now half of what Musk paid for it. “Current grants are based on a $20b valuation,” she tweeted, although Musk says he is hopeful of eventually getting a valuation of $250 billion. Advertisers concerned about their brand have left the platform, leading to plummeting revenues for the company in recent months.

Twitter revenues plumment in recent months.

Elon Musk, who acquired Twitter late last month, has already made dramatic changes: firing top executives, laying off half of the company's staff and forming a content moderation council that will review account reinstatements.\n\nHowever, the most consequential policy shift may be a revamp of the site's signature blue check marks, which signal that an account holder has been verified as the person he or she purports to be.\n\nTwitter announced on Saturday a new version of its subscription service, Twitter Blue, that will allow users to access verification if they pay a monthly fee of $8.\n\nThe plan stoked immediate controversy. Some applauded the move as an effort to make verification more inclusive and wean Twitter off a dependence on advertising revenue. While critics slammed the decision as a setback for the policing of hateful and fake content that could drive away users and advertisers alike.\n\nTwitter did not immediately respond to ABC News' request for comment on the subscription plan.\nHere's what you need to know about Twitter's new verification plan, and the criticism that followed its announcement.\n\nUnder Twitter's new subscription service, users will gain access to account verification for a monthly fee of $8, which amounts to $96 per year.\n\nPreviously, the company verified celebrities, politicians, journalists and prominent figures on a case-by-case basis in an effort to prevent impersonation.\n\nThe service will not require subscribers to provide ID that confirms the identity purported on their account, which marks a departure from a previous mandate of government-issued identification, the New York Times reported.

Twitter announced a new subscription service, Twitter Blue.

Elon Musk, Twitter’s most important shitposter, has added the company to his business empire after months of legal skirmishes, according to CNBC, The Washington Post, and Insider. The acquisition was confirmed in an SEC filing from the company on Friday morning, noting it’s delisting $TWTR from the New York Stock Exchange. He celebrated by firing executives. Musk fired Parag Agrawal, who succeeded Jack Dorsey as Twitter CEO, and chief financial officer Ned Segal, both of who were in the building at the time and escorted out by security, according to Reuters. Vijaya Gadde, the company’s policy chief whom Musk had publicly criticized, was also ousted. Sean Edgett, the general counsel, is gone, too, The New York Times reports. (Bloomberg says security escorted him out, as well.) Chief customer officer Sarah Personette was not among the executives fired but announced she resigned on October 28th with a tweet thread posted the following Tuesday. In it, she mentions, “I do believe the new administration understands the importance of holding up the standards of GARM.”\nThe execs were in line for handsome payouts for their trouble, Insider reports: Agrawal $38.7 million, Segal $25.4 million, Gadde $12.5 million, and Personette, who tweeted yesterday about how excited she was for Musk’s takeover, $11.2 million. However, a subsequent report from The Information indicated Musk has said they’re fired “for cause” in an attempt to block them from receiving those payouts. It’s unclear what this may mean for Personette.


\n\nOn Sunday, the International Consortium of Investigative Journalists published a massive leak of documents, dubbed the Panama Papers. CNNMoney has you covered with what you need to know about the story and responses to it.\n\nICIJ and an international coalition of media outlets investigated the trove of papers, which allegedly reveal a clandestine network involving associates of Russian President Vladimir Putin, and business ties between a member of FIFA’s ethics committee and men whom the United States has indicted for corruption.\n\nThe more-than 11 million documents, which date back four decades, are allegedly connected to Panama law firm Mossack Fonseca. ICIJ reports that the firm helped establish secret shell companies and offshore accounts for global power players. ICIJ reports that a 2015 audit found that Mossack Fonseca knew the identities of the real owners of just 204 of 14,086 companies it had incorporated in Seychelles, an Indian Ocean archipelago often described as a tax haven.\n\nAnd as Gerard Ryle, the director of ICIJ, told CNN’s Christiane Amanpour: “These documents, if nothing else, raise an awful lot of questions.”\n\nThe documents reference 12 current or former world leaders, as well as 128 other politicians and public officials.

Pakistan’s Supreme Court unanimously removed Prime Minister Nawaz Sharif from office over corruption allegations.

\n\nReports published this week on the secretive industry that banks and lawyers use to hide the financial holdings of some of the world’s top leaders and billionaires brought a powerful global response, including the resignation of one prime minister, while the White House and U.S. agencies reacted more cautiously.\n\nPresident Barack Obama addressed the massive leak of documents, which led to the reporting, on Tuesday during a press conference about business tax reform.\n\n“There is no doubt that the problem of global tax avoidance generally, is a huge problem,” the president said. The president also noted in his remarks that the problem is not unique to other nations. “There are folks here in America who are taking advantage of the same stuff. A lot of it is legal, but that’s exactly the problem,” the president added. “It’s not that they’re breaking the laws, it’s that the laws are so poorly designed that they allow people, if they’ve got enough lawyers and enough accountants, to wiggle out of responsibilities that ordinary citizens are having to abide by.”\n\nThe Justice Department, which is investigating alleged corruption in the world’s top soccer body, the Fédération Internationale de Football Association (FIFA), said it may focus more on the financial dealings raised in the reporting based on the documents.\n\n

President Barack Obama addressed the massive leak of documents during a press conference about business tax reform.

\n\nThe new head of world football has been caught up in the sport’s corruption scandal because of documents that have been revealed by the Panama Papers leak.\n\nFiles seen by the Guardian will raise questions about the role Fifa’s president, Gianni Infantino, played in deals that were concluded when he was director of legal services at Uefa, European football’s governing body.\n\nAccording to records, Uefa concluded offshore deals with one of the indicted figures at the heart of an alleged “World Cup of fraud” despite previously insisting it had no dealings with any of them.\n\nThe emergence of the contracts from 2003 and 2006, which were co-signed by Infantino, link Uefa for the first time to one of the companies involved in the huge unfolding scandal that has brought down former Fifa president Sepp Blatter.\n\nUefa has denied any wrongdoing by any of its officials or any other marketing partner.\n\nIt said the contracts were all above board. Fifa has previously insisted Infantino had no dealings with any of the officials currently under investigation – or their companies. Infantino said he was “dismayed” by the reports and “will not accept that my integrity is being doubted”.\n\nThe disclosures are based on the leak of 11m documents from the files of the offshore financial law firm Mossack Fonseca, which were obtained by Süddeutsche Zeitung and shared by the International Consortium of Investigative Journalists with the Guardian and other news organisations.\n\n

Documents revealed by the Panama Papers leak have implicated the new head of world football.

\n\nA network of secret offshore deals and vast loans worth $2bn has laid a trail to Russia’s president, Vladimir Putin.\n\nAn unprecedented leak of documents shows how this money has made members of Putin’s close circle fabulously wealthy.\n\nThough the president’s name does not appear in any of the records, the data reveals a pattern – his friends have earned millions from deals that seemingly could not have been secured without his patronage.\n\nThe documents suggest Putin’s family has benefited from this money – his friends’ fortunes appear his to spend.\n\nThe files are part of an unprecedented leak of millions of papers from the database of Mossack Fonseca, the world’s fourth biggest offshore law firm. They show how the rich and powerful are able to exploit secret offshore tax regimes in myriad ways.\n\nThe offshore trail starts in Panama, darts through Russia, Switzerland and Cyprus – and includes a private ski resort where Putin’s younger daughter, Katerina, got married in 2013.\n\nThe Panama Papers shine a particular spotlight on Sergei Roldugin, who is Putin’s best friend. Roldugin introduced Putin to the woman he subsequently married, Lyudmila, and is godfather to Putin’s older daughter, Maria.\n\nA professional musician, he has apparently accumulated a fortune – having been placed in ostensible control of a series of assets worth at least $100m, possibly more.\n\nRoldugin appears to have been picked for this role because of his lesser profile. He has denied in documents to bank officials in Switzerland and Luxembourg that he is close to any Russian public figures.

Roldugin has denied that he is close to any Russian public figures.

\n\nIcelandic Prime Minister Sigmundur Davíð Gunnlaugsson resigned on Tuesday, after documents leaked from a Panama-based law firm revealed that his wife possesses a secret offshore account worth millions of dollars.\n\nThe money is housed in a shell corporation called Wintris, which had bought bonds in Icelandic banks. So when Iceland\'s financial sector collapsed in 2008, Wintris became a creditor to those banks. In 2013, Gunnlaugsson became the prime minister, having run partly on a promise to get tougher with Iceland\'s remaining foreign creditors.\n\nSo what Icelandic voters didn\'t know when they elected him in 2013, but have learned with this week\'s "Panama Papers" revelations, is that Gunnlaugsson\'s own wife was secretly one of the creditors he\'d promised to crack down on — an enormous and undisclosed conflict of interest.\n\nWhen the truth came out this week, it led to mass protests on Monday calling for Gunnlaugsson\'s resignation. He stepped down the next day.\n\nWhat happened in Iceland shows the political power of the Panama Papers, but it also shows the degree to which the political turmoil from the 2008 financial crisis is, in some ways, still ongoing in that country.\n\nWhat\'s more, if Gunnlaugsson\'s resignation leads Iceland to schedule new elections soon, that vote could end up empowering a radical political party called the Pirate Party, a left-libertarian amalgam that\'s obsessed with transparency and direct democracy.\n\n

Mass protests on Monday called for Gunnlaugsson's resignation.


\n\nProtests have intensified this week in Iran over the death of 22-year-old Mahsa Amini in police custody after she was arrested for allegedly wearing her headscarf too loosely. Amini died on Sept. 16 three days after her arrest in Tehran, and many Iranians are alleging that she was killed by law enforcement. Protestors have faced a brutal crackdown from the government who have deployed riot police, resulting in arrests, injuries and at least 17 deaths, according to the state media.\n\nIranian authorities claim that Amini died of heart failure, but her family and protestors across Iran accuse the government of covering up her murder. The international protests have expanded to express anger over a range of issues, not just restrictions women face over hijabs and more generally in Iran but also against the current regime. At one Iranian protest, a street full of Iranians chanted “death to the oppressor, be it the shah or the supreme leader!”\n\nMahsa Amini, 22, was arrested on Sept. 13 while visiting Tehran by the notorious morality police who enforce compulsory conservative Islamic behavior and dress. Hijabs are mandatory to wear in public for all women in Iran, regardless of religion or nationality. Amini was accused of violating the country’s law on headscarves.\n\nIran’s security forces said that upon her arrest, Amini was taken to a detention center where she received training on hijab rules, and it was there that she collapsed from a heart attack.

Over 500 people, including 70 children and at least 29 women, have been killed.

\n\nThe US is expected to issue new sanctions this week against law enforcement officials and those directly involved in the crackdown on protests in Iran, a source familiar with the planned movement told CNN.\n\nPresident Joe Biden, who has moved quickly to throw his support behind the demonstrators, issued an intentionally vague statement Monday promising further costs “on perpetrators of violence against peaceful protestors.” A source told CNN those costs are expected to be in the form of additional sanctions this week, with more action to potentially follow.\n\nThe massive protests sweeping Iran were sparked by the death of Mahsa Amini, a 22-year-old Kurdish Iranian woman detained by morality police on September 13 after being accused of violating the country’s conservative dress code. In his speech to the United Nations General Assembly last month, Biden alluded to the protests over her death and said the US stood with the “brave women of Iran who right now are demonstrating to secure their basic rights.”\n\nDays later, the US announced sanctions on Iran’s morality police “for abuse and violence against Iranian women and the violation of the rights of peaceful Iranian protestors.”\n\nThe effort to move quickly to respond to the protests sweeping Iran comes after some top officials in the Biden administration acknowledged that the US was too slow to respond when protests erupted in Iran in 2009. Jake Sullivan, Biden’s national security adviser who served in the Obama administration, told NBC recently that officials were concerned about undermining the protesters instead of aiding them.\n\n

US expected to issue new sanctions against law enforcement officials involved in Iran protests crackdown.

\n\nWorld leaders at the UN General Assembly must support calls for the establishment of an independent international investigative and accountability mechanism to address the prevailing crisis of impunity in Iran. Their urgent need for action was demonstrated most recently by the death in custody of 22-year-old Mahsa (Zhina) Amini, and the barrage of gunfire unleashed on protesters which has left at least eight people dead and hundreds injured, Amnesty International said today.\n\nIranian security forces are violently quashing largely peaceful protests sparked by Mahsa Amini’s death on 16 September, days after her violent arrest by the “morality police” for not complying with discriminatory compulsory veiling laws. Amnesty International collected evidence on the security forces’ unlawful use of birdshot and other metal pellets, teargas, water cannon, and beatings with batons to disperse protesters.\n\n“The global outpouring of rage and empathy over Mahsa Amini’s death must be followed by concrete steps by the international community to tackle the crisis of systemic impunity that has allowed widespread torture, extrajudicial executions and other unlawful killings by Iranian authorities to continue unabated both behind prison walls and during protests,” said Diana Eltahawy, Deputy Director for the Middle East and North Africa at Amnesty International.\n\n“The Iranian authorities’ latest brutal crackdown on protests coincides with Ebrahim Raisi’s speech at the UN.

UN General Assembly called for the establishment of an independent international investigative and accountability mechanism to address the crisis of impunity in Iran.

Protestors have faced a brutal crackdown from the government.


\n\nThe new head of world football has been caught up in the sport’s corruption scandal because of documents that have been revealed by the Panama Papers leak.\n\nFiles seen by the Guardian will raise questions about the role Fifa’s president, Gianni Infantino, played in deals that were concluded when he was director of legal services at Uefa, European football’s governing body.\n\nAccording to records, Uefa concluded offshore deals with one of the indicted figures at the heart of an alleged “World Cup of fraud” despite previously insisting it had no dealings with any of them.\n\nThe emergence of the contracts from 2003 and 2006, which were co-signed by Infantino, link Uefa for the first time to one of the companies involved in the huge unfolding scandal that has brought down former Fifa president Sepp Blatter.\n\nUefa has denied any wrongdoing by any of its officials or any other marketing partner.\n\nIt said the contracts were all above board. Fifa has previously insisted Infantino had no dealings with any of the officials currently under investigation – or their companies. Infantino said he was “dismayed” by the reports and “will not accept that my integrity is being doubted”.\n\nThe disclosures are based on the leak of 11m documents from the files of the offshore financial law firm Mossack Fonseca, which were obtained by Süddeutsche Zeitung and shared by the International Consortium of Investigative Journalists with the Guardian and other news organisations.\n\n

The Justice Department is investigating alleged corruption in the world’s top soccer body, the Fédération Internationale de Football Association (FIFA).

\n\nIcelandic Prime Minister Sigmundur Davíð Gunnlaugsson resigned on Tuesday, after documents leaked from a Panama-based law firm revealed that his wife possesses a secret offshore account worth millions of dollars.\n\nThe money is housed in a shell corporation called Wintris, which had bought bonds in Icelandic banks. So when Iceland\'s financial sector collapsed in 2008, Wintris became a creditor to those banks. In 2013, Gunnlaugsson became the prime minister, having run partly on a promise to get tougher with Iceland\'s remaining foreign creditors.\n\nSo what Icelandic voters didn\'t know when they elected him in 2013, but have learned with this week\'s "Panama Papers" revelations, is that Gunnlaugsson\'s own wife was secretly one of the creditors he\'d promised to crack down on — an enormous and undisclosed conflict of interest.\n\nWhen the truth came out this week, it led to mass protests on Monday calling for Gunnlaugsson\'s resignation. He stepped down the next day.\n\nWhat happened in Iceland shows the political power of the Panama Papers, but it also shows the degree to which the political turmoil from the 2008 financial crisis is, in some ways, still ongoing in that country.\n\nWhat\'s more, if Gunnlaugsson\'s resignation leads Iceland to schedule new elections soon, that vote could end up empowering a radical political party called the Pirate Party, a left-libertarian amalgam that\'s obsessed with transparency and direct democracy.\n\n

Mass protests on Monday called for Gunnlaugsson's resignation.

\n\nOn Sunday, the International Consortium of Investigative Journalists published a massive leak of documents, dubbed the Panama Papers. CNNMoney has you covered with what you need to know about the story and responses to it.\n\nICIJ and an international coalition of media outlets investigated the trove of papers, which allegedly reveal a clandestine network involving associates of Russian President Vladimir Putin, and business ties between a member of FIFA’s ethics committee and men whom the United States has indicted for corruption.\n\nThe more-than 11 million documents, which date back four decades, are allegedly connected to Panama law firm Mossack Fonseca. ICIJ reports that the firm helped establish secret shell companies and offshore accounts for global power players. ICIJ reports that a 2015 audit found that Mossack Fonseca knew the identities of the real owners of just 204 of 14,086 companies it had incorporated in Seychelles, an Indian Ocean archipelago often described as a tax haven.\n\nAnd as Gerard Ryle, the director of ICIJ, told CNN’s Christiane Amanpour: “These documents, if nothing else, raise an awful lot of questions.”\n\nThe documents reference 12 current or former world leaders, as well as 128 other politicians and public officials.

International Consortium of Investigative Journalists published the Panama Papers.


\n\nProtests have intensified this week in Iran over the death of 22-year-old Mahsa Amini in police custody after she was arrested for allegedly wearing her headscarf too loosely. Amini died on Sept. 16 three days after her arrest in Tehran, and many Iranians are alleging that she was killed by law enforcement. Protestors have faced a brutal crackdown from the government who have deployed riot police, resulting in arrests, injuries and at least 17 deaths, according to the state media.\n\nIranian authorities claim that Amini died of heart failure, but her family and protestors across Iran accuse the government of covering up her murder. The international protests have expanded to express anger over a range of issues, not just restrictions women face over hijabs and more generally in Iran but also against the current regime. At one Iranian protest, a street full of Iranians chanted “death to the oppressor, be it the shah or the supreme leader!”\n\nMahsa Amini, 22, was arrested on Sept. 13 while visiting Tehran by the notorious morality police who enforce compulsory conservative Islamic behavior and dress. Hijabs are mandatory to wear in public for all women in Iran, regardless of religion or nationality. Amini was accused of violating the country’s law on headscarves.\n\nIran’s security forces said that upon her arrest, Amini was taken to a detention center where she received training on hijab rules, and it was there that she collapsed from a heart attack.

Her family and protestors across Iran accuse the government of covering up her murder.

\n\nUN human rights experts* condemned the killings and the crackdown by security forces in Iran on protesters following the death of Jina Mahsa Amini, including alleged arbitrary arrests and detentions, gender-based and sexual violence, excessive use of force, torture, and enforced disappearances. They urged that the reports be thoroughly and independently investigated and those responsible held to account.\n\nThousands of people have been rallying in daily demonstrations throughout the country after 22-year-old Amini’s death on 16 September following her arrest and detention by the morality police for allegedly wearing her headscarf incorrectly. Protesters have been demanding accountability for the death of Amini and calling for an end to the ongoing repression of women and girls’ fundamental rights.\n\n“We are deeply troubled by continued reports of deliberate and unlawful use by the Iranian security forces of live ammunition, metal pellets and buckshot against peaceful unarmed protesters in breach of the principles of legality, precaution, necessity, non-discrimination and proportionality, applicable to the use of force,” the experts said.\n\n“An alarming number of protesters have already been detained and killed, many of whom are children, women and older persons. The Government must instruct police to immediately cease any use of excessive and lethal force and exercise restraint.”\n\nThey said reports of physical and sexual violence against women and girls during protests and in public spaces, and the denial of other women’s and girl’s rights while in detention, or when active in public, were frightening.\n\n

Reports of physical and sexual violence against women and girls during protests and in public spaces have been reported.

\n\nWorld leaders at the UN General Assembly must support calls for the establishment of an independent international investigative and accountability mechanism to address the prevailing crisis of impunity in Iran. Their urgent need for action was demonstrated most recently by the death in custody of 22-year-old Mahsa (Zhina) Amini, and the barrage of gunfire unleashed on protesters which has left at least eight people dead and hundreds injured, Amnesty International said today.\n\nIranian security forces are violently quashing largely peaceful protests sparked by Mahsa Amini’s death on 16 September, days after her violent arrest by the “morality police” for not complying with discriminatory compulsory veiling laws. Amnesty International collected evidence on the security forces’ unlawful use of birdshot and other metal pellets, teargas, water cannon, and beatings with batons to disperse protesters.\n\n“The global outpouring of rage and empathy over Mahsa Amini’s death must be followed by concrete steps by the international community to tackle the crisis of systemic impunity that has allowed widespread torture, extrajudicial executions and other unlawful killings by Iranian authorities to continue unabated both behind prison walls and during protests,” said Diana Eltahawy, Deputy Director for the Middle East and North Africa at Amnesty International.\n\n“The Iranian authorities’ latest brutal crackdown on protests coincides with Ebrahim Raisi’s speech at the UN.

UN General Assembly called for the establishment of an independent international investigative and accountability mechanism to address the crisis of impunity in Iran.

\n\nIranian police are reported to have fired on protesters in Saqqez, home city of Mahsa Amini who died in custody after being arrested for allegedly wearing her hijab "improperly".\n\nThousands gathered near the grave of the Kurdish woman and clashed with security, 40 days since her death.\n\nA rights group and witnesses said officers fired live rounds and tear gas at the crowds in the city.\n\nProtests swept across Iran after Ms Amini, 22, died on 16 September.\n\nShe had been detained three days earlier by the morality police in the capital, Tehran, and fell into a coma after collapsing at a detention centre.\n\nThere were reports that officers beat her with a baton and banged her head against a vehicle, but police denied that she was mistreated and said she suffered a heart attack.\n\nOn Wednesday, security forces were deployed in Saqqez and other parts of Kurdistan province, in anticipation of fresh demonstrations on the 40th day of mourning for Ms Amini - a culturally significant occasion for Iranians.\n\nVideos showed thousands of mourners walking along a road, through a field and across a river to bypass roadblocks and reach the graveyard where Ms Amini is buried.\n\nThe crowds were heard shouting "Woman, life, freedom" and "Death to the dictator" - two of the signature chants of the protest movement - as well as "Down with traitors" and "Kurdistan will be the graveyard of fascists".\n\nIt was not clear whether members of Ms Amini\'s family were present.\n\n


Layoffs are making headlines, and most seem to be centered around one job sector: tech. \n\nThe tech industry increased its layoffs by 649% in 2022, which is the highest since the dot-com bubble more than a few decades ago, according to "The Challenger Report." More tech employees were laid off in 2022 than in 2020 and 2021 combined. \n\nCompanies turn to layoffs as a survival method to cut costs when revenue and profits get leaner. \n\nWhen inflation hit the economy hard in June 2022, consumers saw price increases of 9.1% compared to the typical annual rate of 2% for steady inflation, according to the Federal Reserve. 2022 saw the highest inflation rate in 40 years, according to the U.S. Bureau of Labor Statistics (BLS). The economy softened as people started buying less to accommodate these higher prices. The cost of living jumped significantly, and people and businesses had to make cutbacks. Technology companies saw price increases for services, so companies had to evaluate and make cuts if necessary. \n\nHigher interest rates affect how much a company wants to borrow due to higher costs. These higher rates directly impact venture capitalists (VCs) and other funding of startups. Companies do not want to invest in riskier areas when the economy's future is uncertain. Economic uncertainties cause companies to reevaluate their hiring and growth strategies. \n\nInvestors want companies to decrease expenses as revenues slow down. VCs are worried that profits will be down this year after the large growth period. \n\nPart of the rise in layoffs is due to correcting the hiring of too many people. During the height of the pandemic, the use of technology grew significantly as everything moved online. \n\nWith the collapse of SVB, more venture capitalists and banks are going to be nervous about taking on the risk of start-up companies.

California collected less in taxes in September marking the third straight month of revenues coming in below projections.

Investors wanted companies to decrease expenses as revenues slowed down.

Higher interest rates affected how much companies wanted to borrow due to higher costs.

\n\n\nFor the second time in two days, the Bank of England has been forced to offer extra support to UK markets still reeling from the government’s announcement last month that it would slash taxes and increase borrowing.\n\nThe central bank warned Tuesday that there was still a “material risk to UK financial stability” from a sharp-sell off in government bonds that has sent yields soaring, pushing up borrowing costs across the economy and forcing some pension funds to dump assets to raise cash.\n\nA slump in UK government bonds that promise to protect investors from inflation — known as index-linked gilts — was the latest source of risk, it said.\n\n“Dysfunction in this market, and the prospect of self-reinforcing ‘fire sale’ dynamics pose a material risk to UK financial stability,” it said in a statement.\n\nThe extent of the bond market strain was underscored Tuesday when the UK government sold £900 million ($994 million) of index-linked gilts due in 2051 at the highest yield since October 2008, according to Reuters.\n\nStarting Tuesday, the Bank of England will include index-linked gilts in its emergency £65 billion ($71.7 billion) bond-buying program announced on Sept. 28. “These additional operations will act as a further backstop to restore orderly market conditions,” it added.\nThe bank said the program would end as planned on Friday, despite calls for it to continue for another three weeks.\n\nOn Monday, it doubled the daily limit on its bond-buying to £10 billion through the end of the week.

UK government announces to slash taxes and increase borrowing.

The Bank of England offers extra support to UK markets


\n\nEquifax says a giant cybersecurity breach compromised the personal information of as many as 143 million Americans — almost half the country.\nCyber criminals have accessed sensitive information -- including names, social security numbers, birth dates, addresses, and the numbers of some driver\'s licenses.\n\nAdditionally, Equifax said that credit card numbers for about 209,000 U.S. customers were exposed, as was "personal identifying information" on roughly 182,000 U.S. customers involved in credit report disputes. Residents in the U.K. and Canada were also impacted.\n\nThe breach occurred between mid-May and July, Equifax said. The company said it discovered the hack on July 29.\n\nThe data breach is one of the worst ever, by its reach and by the kind of information exposed to the public.\n\n"This is clearly a disappointing event for our company, and one that strikes at the heart of who we are and what we do," said Equifax chairman and CEO Richard F. Smith.\n\nEquifax is one of three nationwide credit-reporting companies that track and rates the financial history of U.S. consumers. The companies are supplied with data about loans, loan payments and credit cards, as well as information on everything from child support payments, credit limits, missed rent and utilities payments, addresses and employer history, which all factor into credit scores.\n\nUnlike other data breaches, not all of the people affected by the Equifax breach may be aware that they\'re customers of the company.

Equifax's chief executive, Richard Smith, is retiring.

\n\nHackers were able to access personal data of 143 million Equifax customers.\nHow did it happen?\n\nMuch is still unknown. But it came down to a flaw in a tool designed to build web applications, the company said in a press release this week. And Equifax admitted it was aware of the security flaw a full two months before the company says hackers first gained accessed to its data.\n\nSome of the information hackers had access to includes names, Social Security numbers, birth dates, addresses and some driver\'s license numbers.\n\nThe tool is called Apache Struts, and it\'s used by many large businesses and government organizations. Equifax used it to support its online dispute portal -- where Equifax (EFX) customers go to log issues with their credit reports. The flaw allowed hackers to take control of a website.\n\nA cybersecurity arm of the U.S. Department of Homeland Security, US-CERT, "identified and disclosed" the Apache Struts flaw in March, Equifax said in a statement.\n\nAnd the company\'s security department "was aware of this vulnerability at that time, and took efforts to identify and to patch any vulnerable systems."\n\nYet, according to the company, hackers exploited the flaw months later.\n\nEquifax has said it discovered the data breach on July 29. On Friday, it said it waited until it "observed additional suspicious activity" a day later to take the affected web application offline.\n\nAnd on August 2 Equifax contacted Mandiant, a professional cybersecurity firm, to help the company assess what data had been compromised.\n\n

\n\nThe Equifax data breach that leaked information on the now-145 million people was caused by a vulnerability in Apache's Struts system. Trouble is, the software provider supplied a patch back in March that should have eliminated that vulnerability. But Equifax's former CEO (who suddenly retired last week) told the House Energy and Commerce Committee that a single IT technician was at fault for the whole thing after they failed to install the patch.\n\nWhile speaking to the committee (video below), former CEO Richard Smith outlined the company's normal procedure for new patches: Have a technician install it and then scan the system for any remaining vulnerabilities. Apparently, both the human and computer steps failed.\n\nAs Smith outlines in his written testimony (PDF), the Department of Homeland Security's Computer Emergency Readiness Team (CERT) sent Equifax (alongside many other companies) a notice on March 8th, 2017 about the vulnerability in certain versions of Apache Struts. Equifax sent out an internal mass-email, which should have required its internal IT team to fix the vulnerability within 48 hours, but that didn't happen. An automatic scan for vulnerabilities on March 15th also failed to indicate that Equifax was using a Struts version that had the vulnerability.\n\nBased on Equifax's postmortem investigations, the hacker that exploited this exact weakness likely first used it to pry into Equifax on May 13th, and then continued until July 30th, and Equifax's security tools were none the wiser.

Automatic scan on March 15th failed to detect vulnerability.

\n\nThe blows keep coming for Equifax (NYSE:EFX) as shares continue to tumble and the Federal Trade Commission announced plans to open an investigation into the credit reporting company Thursday after the company went public with its massive security breach last week, putting 143 million American’s personal data at risk.\n\nIn case you missed all drama, here’s a timeline of events, involving one of the biggest security breaches of all time.\n\nMid-May through July 2017 – This is the time frame in which Equifax says hackers gained unauthorized access to its data.\n\nThursday, July 29 – Equifax discovers the hack and immediately stopped the intrusion.\n\nTuesday, August 1 & Wednesday, August 2– Three top executives from Equifax sell nearly $2 million worth of company stock.\n\nThursday, September 7 – Equifax officially alerts the public about the cybersecurity incident and provides a dedicated website for consumers to check if they were affected. Later on that night, the company also issues a statement saying the three executives “had no knowledge that an intrusion had occurred at the time they sold their shares.”\n\nFriday, September 8 –Shares of Equifax shed more than 13% of their value in trading. Sen. Elizabeth Warren (D-Mass.) tears into the company on social media for trying to push customers to give up their right to sue.\n\n\n.@Equifax is forcing you to give up your right to join a class action against the company if you want their credit protection product. pic.twitter.com/anu0SE58wg\n\n— Elizabeth Warren (@SenWarren) September 8, 2017\n

Equifax discovers the hack and stops the intrusion.


Gwyneth Paltrow\'s attorneys asked the daughter of a man suing the actor-turned-lifestyle influencer over a 2016 ski collision about missing GoPro camera footage that they called "the most important piece of evidence" at trial Thursday.\n\nSteve Owens, Paltrow\'s attorney, asked one of the man\'s daughters, Polly Grasham, about emails exchanged with her father about the mysterious footage and the possibility that the lawsuit was filed against Paltrow because she was famous.\n\nThe GoPro footage has not been found or included as evidence for the trial.\n\n"I\'m famous ... At what cost?" Terry Sanderson, the 76-year-old retired optometrist suing Paltrow, wrote in the subject line of an email to his family after the crash.\n\nSanderson is suing Paltrow for more than $300,000 in damages, claiming that she skied recklessly into him on a beginner run at Deer Valley Resort seven years ago, breaking his ribs and leaving him with a concussion. Paltrow has claimed Sanderson caused the crash and countersued for $1 and attorney fees.\n\nThe trial took on an increasingly personal note on the third day of proceedings when Sanderson\'s daughter and a neuropsychologist testified about his declining health.\n\nSanderson\'s attorneys tried to persuade jurors that the collision had changed the course of their client\'s life, leaving him brain-impaired and damaging his relationships with loved ones.\n\nPaltrow\'s attorneys questioned whether Grasham and neuropsychologist Dr. Alina Fong could say with certainty that Sanderson\'s downturn wasn\'t a result of aging or documented, pre-crash conditions.

The witness Craig Ramon was recalled to testify about newly obtained evidence related to a message board earlier on Monday.

Gwyneth Paltrow is on trial over a 2016 ski accident in Utah involving a retired optometrist who claims he suffered life-altering injuries.\n\nTerry Sanderson, 76, says the Hollywood actress was distracted and caused the crash. He is seeking $300,000 (£245,000) in damages.\n\nMs Paltrow, 50, denies the charge, and has countersued for $1 plus compensation for attorneys\' fees.\n\nMr Sanderson first filed suit against Ms Paltrow in 2019, three years after their collision.\n\nThe former US army captain and optometrist, who says he has never been injured in more than 30 years of skiing, accuses the Oscar winner of being "reckless" and racing into him from behind on a beginner slope at the upscale Deer Valley Resort in western Utah.\n\nLawyers for Mr Sanderson, who was 69 at the time, allege Ms Paltrow was distracted by her children and emitted a "blood-curdling scream" before landing on top of him, then left him "lying in the snow" without calling for help.\n\nHe claims the February 2016 crash left him unconscious, and that he suffered a traumatic brain injury and four broken ribs, as well as "loss of enjoyment of life, emotional distress and disfigurement".\n\nHe initially sought $3.1m over what he deems a "hit and run", but that lawsuit was dismissed last May.\n\nHe took the stand twice during the trial, defending himself against allegations he is trying to exploit a celebrity.\n\n\nA movie star-turned-lifestyle influencer, Ms Paltrow rejects the plaintiff\'s version of events and alleges he skied directly into her back.

Paltrow has counter-sued for $1 plus lawyers fees.

Gwyneth Paltrow was called to the witness stand Friday in a civil suit filed against her, where she emphatically denied that she caused an accident at Utah’s Deer Valley Resort in 2016 that left a man seriously injured.\n\nTerry Sanderson, 76, who is seeking $300,000 from Paltrow, says she slammed into him from behind in a ski collision that left him with a concussion, brain injury and four broken ribs. But Paltrow alleges that it was actually Sanderson at fault and that he is exploiting her wealth.\n\n"Mr. Sanderson categorically hit me on the ski slope and that is the truth," Paltrow said from the stand Friday.\n\nThe actor and Sanderson both dispute who hit whom and who was farther up the hill at the time of the crash. Deer Valley’s website says the person ahead or downhill has the right of way. \n\nPaltrow was called to the stand Friday by Sanderson’s attorneys, after the jury heard from Sanderson\'s daughters, an eyewitness and medical experts.\n\nPaltrow said she was “gently” skiing down the slope when she felt a body press into her back and saw two skis slide between hers. She and Sanderson fell to the ground, Paltrow said, adding that she momentarily froze before becoming upset and yelling an expletive at Sanderson.\n\nPaltrow apologized for the outburst, saying she felt violated and initially believed the crash might have been a sexual assault.\n\n“There was a body pressing against me and a very strange grunting noise,” she said.

Paltrow apologizes for her outburst, saying she felt violated and initially believed the crash might have been a sexual assault.

Paltrow denies responsibility for the accident and claims it was actually Sanderson at fault.

Attorneys are presenting their closing arguments Thursday before handing an eight-member Utah jury the case from the closely watched Gwyneth Paltrow ski collision trial, in which a retired optometrist is suing her for the injuries he says he sustained.\n\nPaltrow testified Friday in Utah after being sued in a 2016 ski crash that\'s been referred to as a "hit and run."\n\nIn 2019, the "Iron Man" star was sued by Terry Sanderson, who claimed she seriously injured him during a crash on the slopes at a Park City ski resort. The alleged incident occurred Feb. 26, 2016, on a beginner run at Deer Valley Resort.\n\nSanderson testified Monday. He is seeking $300,000 in damages, following a $3.1 million lawsuit that was previously dropped. Paltrow has denied the allegations and in a counterclaim said it was Sanderson who crashed into her.\n\nPaltrow is seeking "symbolic damages in the amount of $1, plus her costs and attorney’s fees to defend this meritless claim," her lawsuit said. The actress vowed to donate any additional funds potentially awarded by the jury to a charitable organization.

Paltrow testified in court in Utah on Friday after being sued in ski crash


\nThe devastating fire that ravaged the famed Notre Dame Cathedral in Paris on April 15 prompted unsubstantiated rumors online about who or what was to blame.\n\nBy Tuesday, for example, the website of former Fox News commentator Kevin Jackson had zeroed in on a whole group of people, running a headline that reads: “Muslim Ties to Notre Dame Fire.”\n\nWe could find no credible sources to support the incendiary suggestion that Muslims were responsible.\n\nThe French government said in a press release Tuesday the cause of the fire remained unknown, and Paris public prosecutor Remy Heitz told reporters that investigators were currently eyeing it as an accident.\n\nThe article on Jackson’s site, however, advances the unsupported idea of a “Muslim attack” through paragraphs of innuendo, not fact.\n\n“Was this a true accident? Or is someone trying to send Christians a message?” the article on theblacksphere.net reads. “Many people speculate this is a Muslim attack on Christianity. In 2016, a car parked outside Notre Dame was discovered. It contained full gas tanks and documents written in Arabic. Therefore, authorities were well-aware of the threats posed against Notre Dame.”\n\nBut there is no evidence tying that 2016 episode with this week’s fire, as some news outlets worked to make clear. The U.K.’s Telegraph, which covered the 2016 incident at the time, affixed an update to its story indicating: “This story is from 2016 and unrelated to the fire at Notre-Dame on April 15 2019.”\n\n

Ateliers Perrault, a 250-year-old carpentry company, is one of two chosen to restore the roof.

The catastrophic fire at the Notre Dame Cathedral could have been caused by a burning cigarette or an electrical malfunction, French prosecutors said Wednesday.\n\nA preliminary investigation into the April fire, which devastated large parts of the 850-year-old church, found no signs that the blaze was started deliberately, Paris prosecutor Remy Heitz said in a statement.\n\nInvestigators carried out a hundred witness hearings during the preliminary investigation, which concluded on Wednesday, Heitz said.\n\nProsecutors are now looking into the possibility of negligence and said they were opening a judicial investigation.\n\n“If certain failings – which may explain the scale of the fire – have been brought to light, the investigations carried out to this date have not been able to determine the causes of the fire,” Heitz said.\n\nHeitz said the judicial investigation would be carried out “on the grounds of involuntary damage by fire due to a manifestly deliberate breach of a duty of care or safety imposed by law or regulation, which occurred under conditions likely to expose persons to bodily harm.”

Investigators carried out a hundred witness hearings during the preliminary investigation.

A fire that devastated Notre Dame Cathedral in the heart of Paris was brought under control by firefighters in the early hours of Tuesday morning, though officials warned there were still residual fires to put out.\n\nThousands of Parisians watched in horror from behind police cordons as a ferocious blaze devastated Notre Dame Cathedral on Monday night, destroying its spire and a large part of the roof.\n\nAn investigation has been opened by the prosecutor’s office, but police said it began accidentally and may be linked to building work at the cathedral. The 850-year-old gothic masterpiece had been undergoing restoration work.\n\nThe French president, Emmanuel Macron, attended the scene and later gave a speech in which he vowed that the cathedral would be rebuilt, as fire crews said the landmark’s rectangular bell towers and structure of the building had been saved.\nMacron said “the worst had been avoided” thanks to hundreds of brave firefighters who battled for hours and who would continue working through the night. One firefighter was severely injured but no other casualties were reported.\n\n“What happened tonight in Paris, in this cathedral, is a terrible event,” the president said, vowing to raise funds worldwide and bring the best talents from around the world to reconstruct the building in its entirety.\n\n“Notre Dame is our history, our literature, part of our psyche, the place of all our great events, our epidemics, our wars, our liberations, the epicentre of our lives ... So I solemnly say tonight: we will rebuild it together.”

Emmanuel Macron vowing to raise funds worldwide.

A little over three months after Paris\' Notre Dame caught fire, French officials say the cathedral is still in a precarious state and needs to be stabilized. Ultimately, they aim to restore the monument, a process that will take years.\n\nWhen that work begins, there will be a new demand for experts who have the same skills required to build Notre Dame 900 years ago. In the workshops of the Hector Guimard high school, less than three miles from the cathedral, young stone carvers are training for that task.\n\nIn an airy and light-filled workshop in the north of Paris, a handful of students chip and chisel away at heavy slabs of stone. Each works on his or her own piece, but all are sculpting the same project: the base of a Corinthian column. The students are earning a professional degree to hew the stone pieces needed to maintain and restore France\'s historical monuments.\n\nEvery year, about 30 new stonemasons graduate either with this degree, the professional license in stone carving for historic monuments, or a less advanced diploma in stone carving.\n\nFrançois Menut is one of the students working toward the professional license.\n\n"I\'ve always been passionate about drawing and art history, but I also wanted a job that was physical," says Menut. "With stone carving, we give life to an edifice and perpetuate history. We\'re also creating a link with the past and transmitting values that are important to conserve in society."

The cathedral is in a precarious state and needs to be stabilized.

\nEmmanuel Macron has announced he wants to see Notre Dame cathedral rebuilt “more beautiful than before” within five years, but there are warnings that the repairs could take decades and will involve substantial challenges.\n\nThe main problems include the sourcing of materials and painstaking work to preserve elements of the church that have survived the fire but might have been badly damaged by it, experts have warned.\n\nEric Fischer, who heads a foundation restoring the 1,000-year-old Strasbourg Cathedral that recently underwent a three-year facelift, said he thought rebuilding Notre Dame would probably take several decades.\n\n“The damage will be significant,” Fischer said.\n\nAudrey Azoulay, director-general of Unesco, the UN’ cultural organisation, said restoring Notre Dame “will last a long time and cost a lot of money”.\n\nDonations have poured in from around the world for the restoration efforts, with more than €800m (£692m) pledged as French tycoons and global corporations announced they would donate.\n\n“The fire at Notre Dame reminds us that our history never stops and we will always have challenges to overcome,” Macron said on Tuesday night. “We will rebuild Notre Dame, more beautiful than before – and I want it done in the next five years. We can do it. After the time of testing comes a time of reflection and then of action.”\n\nFrench authorities revealed on Tuesday that the cathedral was within “15 to 30 minutes” of complete destruction as firefighters battled to stop flames reaching its gothic bell towers.\n\n

Global corporations and wealthy French individuals pledge over €800 million in donations.


\n\nDavid Cameron has finally admitted he benefited from a Panama-based offshore trust set up by his late father.\n\nAfter three days of stalling and four partial statements issued by Downing Street he confessed that he owned shares in the tax haven fund, which he sold for £31,500 just before becoming prime minister in 2010.\n\nIn a specially arranged interview with ITV News’ Robert Peston he confirmed a direct link to his father’s UK-tax avoiding fund, details of which were exposed in the Panama Papers revelations in the Guardian this week.\n\nAdmitting it had been “a difficult few days”, the prime minister said he held the shares together with his wife, Samantha, from 1997 and during his time as leader of the opposition. They were sold in January 2010 for a profit of £19,000.\n\nHe paid income tax on the dividends but there was no capital gains tax payable and he said he sold up before entering Downing Street “because I didn’t want anyone to say you have other agendas or vested interests”.\n\nBut the interview appeared unlikely to end scrutiny of Cameron’s tax affairs.\n\nThe Labour MP John Mann, a member of the Treasury select committee, said the prime minister should resign, claiming that Cameron had “covered up and misled”.\n\nCameron also admitted he did not know whether the £300,000 he inherited from his father had benefited from tax haven status due to part of his estate being based in a unit trust in Jersey.\n\n

David Cameron admits to owning shares in a Panama-based offshore trust set up by his late father.

\n\nThe Panama Papers are an unprecedented leak of 11.5m files from the database of the world’s fourth biggest offshore law firm, Mossack Fonseca. The records were obtained from an anonymous source by the German newspaper Süddeutsche Zeitung, which shared them with the International Consortium of Investigative Journalists (ICIJ). The ICIJ then shared them with a large network of international partners, including the Guardian and the BBC.\n\nWhat do they reveal?\nThe documents show the myriad ways in which the rich can exploit secretive offshore tax regimes. Twelve national leaders are among 143 politicians, their families and close associates from around the world known to have been using offshore tax havens.\n\nA $2bn trail leads all the way to Vladimir Putin. The Russian president’s best friend – a cellist called Sergei Roldugin – is at the centre of a scheme in which money from Russian state banks is hidden offshore. Some of it ends up in a ski resort where in 2013 Putin’s daughter Katerina got married.\n\nAmong national leaders with offshore wealth are Nawaz Sharif, Pakistan’s prime minister; Ayad Allawi, ex-interim prime minister and former vice-president of Iraq; Petro Poroshenko, president of Ukraine; Alaa Mubarak, son of Egypt’s former president; and the prime minister of Iceland, Sigmundur Davíð Gunnlaugsson.\n\nAn offshore investment fund run by the father of British prime minister David Cameron avoided ever having to pay tax in Britain by hiring a small army of Bahamas residents to sign its paperwork.

Süddeutsche Zeitung shared the records with the International Consortium of Investigative Journalists (ICIJ).

\n\nProsecutors in Germany have issued international arrest warrants for the cofounders of a Panama-based law firm behind the offshore tax scam that was exposed by the so-called Panama Papers leak.\n\nGerman-born Jürgen Mossack and Ramon Fonseca are being sought by Cologne prosecutors on charges of accessory to tax evasion and forming a criminal organization, German public broadcasters NDR and WDR, as well as national newspaper the Süddeutsche Zeitung (SZ) reported on Tuesday.\n\nCologne prosecutors confirmed that they had issued international arrest warrants for two people but declined to provide further information.\n\nThe 2016 Panama Papers leak included a collection of 11 million secret financial documents taken from law firm Mossack Fonscesca.\n\nThe documents showed how some of the world's richest people hid their money in shell corporations — some of which were used for illegal purposes.\n\nThe documents leak — initially to the SZ and the International Consortium of Investigative Journalists (ICIJ) – had wide-reaching repercussions. Several country leaders stepped down following the revelations and others came under close scrutiny.\n\nUS federal prosecutors have also alleged that law firm Mossack Fonseca conspired to circumvent US law to maintain the wealth of its clients and conceal tax dollars owed to the Internal Revenue Service.\n\nHowever, Fonseca maintained the firm, which closed in 2018, had no control over how its clients may have used offshore vehicles created for them.\n\nBoth Mossack and Fonseca have Panamanian citizenship, NDR reported. Panama does not extradite its own citizens so it is unclear whether either will ever be brought to Germany for trial.\n\n

Panamanian lawyers closed the offshore law firm and had no control over how its clients may have used the offshores he created for them.

Documents revealed by the Panama Papers leak have implicated the new head of world football.


\n\nHundreds more people were evacuated from their homes as wildfires blistered land in France, Spain and Portugal on Friday, while officials in Europe issued health warnings for the heatwave in the coming days.\n\nMore than 1,000 firefighters, supported by water-bomber aircraft, have battled since Tuesday to control two blazes in southwestern France that have been fanned by scorching heat, tinder-box conditions and strong winds.\n\nWhile temperatures dipped a little in Portugal, they were still expected to top 40 degrees Celsius (104 Fahrenheit) in some places, with five districts on red alert and more than 1,000 firefighters tackling 17 wildfires, authorities said.\n\nIn Spain, a new wildfire broke out in the south of the country after blazes in the west in the past week.\n\nMore than 400 people were evacuated from the hills of Mijas, a town popular with northern European tourists in the province of Malaga. Beachgoers in Torremolinos, some 20 km away, could see plumes of smoke rising above the hotels lining the coast.\n\nMeanwhile, the worst drought in over 70 years reduced Italy's longest river, the Po, to little more than a trickle in places, with temperatures expected to rise next week.\n\nOfficials are worried about the effects on people's health and on healthcare systems already challenged by the COVID-19 pandemic as the searing heat sweeps the continent, with warnings issued for worse to come in Britain in particular.\n\nThe World Meteorological Organization said the heatwave would worsen air quality, especially in towns and cities.\n\n

More than 1,000 firefighters battled two blazes in southwestern France.

Officials in Europe issued health warnings for the heatwave in the coming days.

\n\nJapan is asking some 37 million people living in and around Tokyo to use less electricity and ration air conditioning even amid a record heat wave that has seen temperatures in some parts of the country pass 40 degrees Celsius (104 degrees Fahrenheit).\n\nThe government urged citizens in the capital to turn off lights and power switches for three hours in the afternoon and to use air conditioning “appropriately,” as the country struggles with growing power shortages.\n\nThe request comes despite experts warning that record-setting temperatures could continue for weeks.\n\n“Please save as much power as possible, such as by turning off lights that are not in use,” the Ministry of Economy, Trade and Industry said Monday. It said appropriate uses of air conditioning included to “prevent heatstroke.”\n\nJapan’s power supply has been tight since March, when an earthquake in the northeast forced some nuclear power plants to suspend operations. At the same time demand is at its highest since 2011, when Japan was hit by the strongest earthquake in its recorded history. The ministry warned the mismatch between supply and demand is becoming “severe.”\n\nBut with recent temperatures soaring to dangerous levels, rationing electricity will not be easy.\n\nOn Tuesday, Tokyo experienced scorching heat for a fourth successive day after setting records for the month of June at the weekend.\n\n

In March an earthquake happened in the northeast of Japan.

Temperatures in Tokyo have been setting records for the month of June.


\n\nHackers were able to access personal data of 143 million Equifax customers.\nHow did it happen?\n\nMuch is still unknown. But it came down to a flaw in a tool designed to build web applications, the company said in a press release this week. And Equifax admitted it was aware of the security flaw a full two months before the company says hackers first gained accessed to its data.\n\nSome of the information hackers had access to includes names, Social Security numbers, birth dates, addresses and some driver\'s license numbers.\n\nThe tool is called Apache Struts, and it\'s used by many large businesses and government organizations. Equifax used it to support its online dispute portal -- where Equifax (EFX) customers go to log issues with their credit reports. The flaw allowed hackers to take control of a website.\n\nA cybersecurity arm of the U.S. Department of Homeland Security, US-CERT, "identified and disclosed" the Apache Struts flaw in March, Equifax said in a statement.\n\nAnd the company\'s security department "was aware of this vulnerability at that time, and took efforts to identify and to patch any vulnerable systems."\n\nYet, according to the company, hackers exploited the flaw months later.\n\nEquifax has said it discovered the data breach on July 29. On Friday, it said it waited until it "observed additional suspicious activity" a day later to take the affected web application offline.\n\nAnd on August 2 Equifax contacted Mandiant, a professional cybersecurity firm, to help the company assess what data had been compromised.\n\n

Equifax had an online portal where customers go to log issues with their credit reports.

\n\nThe chief executive of Equifax is retiring, the company said Tuesday, just weeks after the troubled credit reporting agency disclosed that it had suffered a massive data breach affecting as many as 143 million people.\n\nThe departure of Richard Smith comes as Equifax has drawn fire from countless consumers and dozens of federal lawmakers over its handling of the breach. Equifax announced earlier this month that hackers gained unauthorized access to sensitive personal data — Social Security numbers, birth dates and home addresses — for nearly half of the country. The company also faces multiple federal investigations over its handling of the hack and reports that executives sold an unusual amount of stock before the breach was publicly disclosed.\n\nEquifax's board of directors appointed board member Mark Feidler to serve as the company's nonexecutive chairman, the company said in a statement Tuesday. Paulino do Rego Barros Jr., who led the company's Asia Pacific division, will become the interim chief executive.\n\n“The cybersecurity incident has affected millions of consumers, and I have been completely dedicated to making this right,” Smith said in the statement. “At this critical juncture, I believe it is in the best interests of the company to have new leadership to move the company forward.”\n\nSmith, 57, had been the chairman and chief executive since 2005, after spending 22 years at General Electric. During Smith's time at Equifax, the company’s stock price had soared 200 percent, and its market value swelled from $3 billion to $20 billion. Smith also expanded the company’s business into 24 countries.

Equifax is facing multiple federal investigations over its handling of the hack.


\n\nIf you\'re an American with a credit history -- and at least 143 million are -- you probably already know your Equifax data, including at least your name, social security number, birthdate, and home address, may have been stolen.\n\nWho\'s to blame?\n\nAccording to an unsubstantiated report by equity research firm Baird, citing no evidence, the blame falls on the open-source server framework, Apache Struts. The firm\'s source, per one report, is believed to be Equifax.\n\nApache Struts is a popular open-source software programming Model-View-Controller (MVC) framework for Java. It is not, as some headlines have had it, a vendor software program.\n\nIt\'s also not proven that Struts was the source of the hole the hackers drove through.\n\nIn fact, several headlines -- some of which have since been retracted -- all source a single quote by a non-technical analyst from an Equifax source.\n\nNot only is that troubling journalistically, it\'s problematic from a technical point of view. In case you haven\'t noticed, Equifax appears to be utterly and completely clueless about their own technology. Equifax\'s own data breach detector isn\'t just useless: it\'s untrustworthy.\n\nAdding insult to injury, the credit agency\'s advice and support site looks, at first glance, to be a bogus, phishing-type site: "equifaxsecurity2017.com." That domain name screams fake. And what does it ask for if you go there? The last six figures of your social security number and last name. In other words, exactly the kind of information a hacker might ask for.\n\nEquifax\'s technical expertise, it has been shown, is less than acceptable.\n\n

Equifax's technical expertise has been shown to be less than acceptable.


\n\nIn a historic and far-reaching decision, the U.S. Supreme Court officially reversed Roe v. Wade on Friday, declaring that the constitutional right to abortion, upheld for nearly a half century, no longer exists.\n\nWriting for the court majority, Justice Samuel Alito said that the 1973 Roe ruling and repeated subsequent high court decisions reaffirming Roe "must be overruled" because they were "egregiously wrong," the arguments "exceptionally weak" and so "damaging" that they amounted to "an abuse of judicial authority."\n\nThe decision, most of which was leaked in early May, means that abortion rights will be rolled back in nearly half of the states immediately, with more restrictions likely to follow. For all practical purposes, abortion will not be available in large swaths of the country. The decision may well mean too that the court itself, as well as the abortion question, will become a focal point in the upcoming fall elections and in the fall and thereafter.\n\nJoining the Alito opinion were Justice Clarence Thomas, appointed by the first President Bush, and the three Trump appointees — Justices Neil Gorsuch, Brett Kavanaugh and Amy Coney Barrett. Chief Justice John Roberts, appointed by President George W. Bush, concurred in the judgment only, and would have limited the decision to upholding the Mississippi law at issue in the case, which banned abortions after 15 weeks. Calling the decision "a serious jolt to the legal system," he said that both the majority and dissent displayed "a relentless freedom from doubt on the legal issue that I cannot share."

Joe Biden called the ruling a “tragic error” and the Republicans celebrating it “wrong, extreme and out of touch”.

\n\nWithin days of Justice Ruth Bader Ginsburg’s memorial service in late September 2020, boxes of her files and other office possessions were moved down to a dark, windowless theater on the\u202fSupreme Court’s\u202fground floor, where\u202f–\u202fbefore the ongoing pandemic\u202f–\u202ftourists could watch a film about court operations.\nGrieving aides to the justice who’d served 27 years and become a cultural icon known as the “Notorious RBG” sorted through the chambers’ contents there.\nThe abrupt mandate from Chief Justice John Roberts’ administrative team to clear out Ginsburg’s office and\u202fmake way for the next justice broke from the common practice of allowing staff sufficient time to move and providing a new justice with temporary quarters if needed while permanent chambers were readied.\nIt upset employees throughout the building. They were aware that in the weeks before Ginsburg died, her staff had labored to ensure she had case documents at hand, whether in the hospital or at home. They were exhausted from all the memorial arrangements, which had attracted thousands of people to Washington.\u202f\nBut the confirmation of then-President Donald Trump’s chosen successor, Indiana-based US appeals court\u202fJudge Amy Coney Barrett, was as much a fait accompli at the court as in the political sphere.\n

Justice Ruth Bader Ginsburg died in September 2020.

\n\nNovember 8, 2016: Donald Trump was elected President of the United States. During his presidency, he appointed three conservative judges to the court - Neil Gorsuch, Brett Kavanaugh and Amy Coney Barrett — solidifying a conservative majority.\n\nJune 27, 2016: In its strongest defense of abortion rights in 25 years, the court strikes down Texas rules forcing clinics to meet hospital-like standards and doctors to have admitting privileges at nearby hospitals.\n\nDecember 1, 2021: Dobbs v. Jackson Women's Health Organization was brought to the Supreme Court, a case dealing with a Mississippi law that bans abortion after 15 weeks. Upholding Mississippi's ban would mean overturning Roe.\n\nMay 2, 2022: A Politico report details a leaked Supreme Court draft opinion indicating the Court would overturn Roe v. Wade. The news set off protests and rallies across the country.\n\nJune 24, 2022: The court ruled 6-3 to uphold Mississippi's law, with the decision to overturn Roe a 5-4 vote. Chief Justice John Roberts joined the conservative justices in the decision to uphold Mississippi's law, but urged a concurring opinion concerning Roe. The decision is expected to lead to abortion bans in roughly half the states in the nation.\n\n

Donald Trump elected President of the United States.

Trump appointed three conservative judges to the court - Neil Gorsuch, Brett Kavanaugh and Amy Coney Barrett — solidifying a conservative majority.

\n\nIn the summer of 2022, U.S. President Joe Biden faced allegations of hypocrisy and "flip-flopping" after he strongly condemned the U.S. Supreme Court\'s decision to overturn Roe v. Wade and remove federal constitutional protections for abortion access.\n\nSpeaking on June 24, Biden described Roe as "the correct decision as a matter of constitutional law, an application of the fundamental right to privacy and liberty in matters of family and personal autonomy," and he called the decision to overturn it a "tragic error" and the "realization of an extreme ideology."\n\nHowever, many observers — both to the left and right of Biden on the ideological spectrum — contrasted such remarks, in 2022, with what they presented as Biden\'s very different stance on the abortion rights landmark, four decades ago.\n\nOn June 24, one Facebook user published a viral post which contained a screenshot of an article by the London Independent, with the headline "Biden voted to overturn Roe v Wade in 1982..." and the caption "Wonder how those protesting the Supreme Court decision feel about this. Chances are they are the same people that voted for Biden."\n\nIn recent years, the same core claim — that Biden once voted in favor of effectively overturning Roe and returning abortion policy to the states and the U.S. Congress — has featured in news articles by the The New York Times, Fox News, and the New York Post.\n\nThat claim is accurate, although Biden did vote against an identical proposal just one year later. Our rating is "True."\n\n

Biden did vote in favor of effectively overturning Roe in 1982, but voted against an identical proposal one year later.


Equifax has spent $1.6 billion to shore up its cybersecurity defenses.

\n\nFormer Equifax CEO Richard Smith says he is "deeply sorry" for the security breach in which sensitive personal information of as many as 143 million Americans was compromised.\nSmith, who is set to testify before a House Energy and Commerce Committee Tuesday, apologized for the cyber attack disclosed by the credit reporting company on September 8. He confirmed that the hack occurred due to "human error and technology failures," according to prepared remarks posted on the committee\'s website Monday.\n\n"To each and every person affected by this breach, I am deeply sorry this occurred," said Smith, who will make his first of four appearances on Capitol Hill this week on the breach. "The company failed to prevent sensitive information from falling into the hands of wrongdoers."\n\nThe former CEO announced his retirement last week from the credit reporting company.\n\nEquifax has come under fire for its handling of the huge cybersecurity breach. The company is one of three nationwide credit-reporting companies that track and rate the financial history of U.S. consumers, gathering data from credit card companies, banks, retailers and lenders.\n\nIn his eight-page testimony, Smith outlined the chronology of events that lead to the breach, which allowed criminals to access personal information including names, Social Security numbers, birth dates, addresses, and in some cases driver\'s license numbers and credit card information.\n\nThe former CEO said hackers were able to infiltrate a software weakness in an online portal that allows consumers to dispute items on their credit report.

\n\nThe chief executive of Equifax is retiring, the company said Tuesday, just weeks after the troubled credit reporting agency disclosed that it had suffered a massive data breach affecting as many as 143 million people.\n\nThe departure of Richard Smith comes as Equifax has drawn fire from countless consumers and dozens of federal lawmakers over its handling of the breach. Equifax announced earlier this month that hackers gained unauthorized access to sensitive personal data — Social Security numbers, birth dates and home addresses — for nearly half of the country. The company also faces multiple federal investigations over its handling of the hack and reports that executives sold an unusual amount of stock before the breach was publicly disclosed.\n\nEquifax's board of directors appointed board member Mark Feidler to serve as the company's nonexecutive chairman, the company said in a statement Tuesday. Paulino do Rego Barros Jr., who led the company's Asia Pacific division, will become the interim chief executive.\n\n“The cybersecurity incident has affected millions of consumers, and I have been completely dedicated to making this right,” Smith said in the statement. “At this critical juncture, I believe it is in the best interests of the company to have new leadership to move the company forward.”\n\nSmith, 57, had been the chairman and chief executive since 2005, after spending 22 years at General Electric. During Smith's time at Equifax, the company’s stock price had soared 200 percent, and its market value swelled from $3 billion to $20 billion. Smith also expanded the company’s business into 24 countries.

Equifax's chief executive, Richard Smith, is retiring.

Paulino do Rego Barros Jr. was appointed as the interim chief executive.

Three top executives from Equifax sell nearly $2 million worth of company stock.


Gwyneth Paltrow\'s attorneys asked the daughter of a man suing the actor-turned-lifestyle influencer over a 2016 ski collision about missing GoPro camera footage that they called "the most important piece of evidence" at trial Thursday.\n\nSteve Owens, Paltrow\'s attorney, asked one of the man\'s daughters, Polly Grasham, about emails exchanged with her father about the mysterious footage and the possibility that the lawsuit was filed against Paltrow because she was famous.\n\nThe GoPro footage has not been found or included as evidence for the trial.\n\n"I\'m famous ... At what cost?" Terry Sanderson, the 76-year-old retired optometrist suing Paltrow, wrote in the subject line of an email to his family after the crash.\n\nSanderson is suing Paltrow for more than $300,000 in damages, claiming that she skied recklessly into him on a beginner run at Deer Valley Resort seven years ago, breaking his ribs and leaving him with a concussion. Paltrow has claimed Sanderson caused the crash and countersued for $1 and attorney fees.\n\nThe trial took on an increasingly personal note on the third day of proceedings when Sanderson\'s daughter and a neuropsychologist testified about his declining health.\n\nSanderson\'s attorneys tried to persuade jurors that the collision had changed the course of their client\'s life, leaving him brain-impaired and damaging his relationships with loved ones.\n\nPaltrow\'s attorneys questioned whether Grasham and neuropsychologist Dr. Alina Fong could say with certainty that Sanderson\'s downturn wasn\'t a result of aging or documented, pre-crash conditions.

Sanderson refiled his complaint seeking more than $300,000 in damages.

Actress Gwyneth Paltrow appeared in a Park City courtroom on Tuesday for the start of a trial over a 2016 skiing crash in Utah.\n\nPaltrow is accused of crashing into Terry Sanderson, causing several serious injuries and then abandoning him, while they were both skiing on a beginner run at Deer Valley Resort seven years ago.\n\nThe trial is being live streamed on YouTube.\n\nSanderson, a retired optometrist, filed the lawsuit in 2019, three years after the collision on the mountainside. Since then, he has alleged that the accident left him with a brain injury, four broken ribs and emotional damage. Sanderson also claimed Paltrow left the scene without giving him her name, contact information or calling for help.\n\nLawrence Buhler, an attorney for Sanderson, began opening arguments stating, "Distracted skiers cause crashes. Defendant Gwyneth Paltrow knew that looking up the mountain and to the side while skiing down the mountain was dangerous."\n\nPaltrow\'s attorney Stephen Owens told the jury that Sanderson\'s claims that the actress bolted from the mountain after ramming into him were totally fabricated.\n\n"We believe it to be utter B.S.," Owens said.\n\nHe also told the jury that the burden of proof in the case rested on Sanderson\'s legal team and not on the actress.\n\n"You\'re going to feel sorrow for [Sanderson] but that\'s not why you\'re here. You\'re here to figure out if someone negligently crashed into someone or if no one did," he noted.\n\n"Skiing comes with inherent risks," he added.

Actress Gwyneth Paltrow appeared in a Park City courtroom on Tuesday for the start of the trial over the 2016 skiing crash in Utah.

Public opinion of actress Gwyneth Paltrow seems to have changed following her big win in a ski collision lawsuit.\n\nPaltrow was sued by retired optometrist Terry Sanderson in 2019 over a ski crash that he claimed left him severely injured. However, a jury ruled that the Goop founder was not at fault for the accident and awarded her $1 in damages Thursday. Sanderson himself was found to be 100% at fault for the collision.\n\nPrior to the ski collision trial, which lasted for eight days in Utah state court, Paltrow had received an interesting reaction from the public. The Oscar-winning actress has faced tremendous backlash over the years for her beliefs and comments, including the recent drama over her "starvation diet." \n\nPaltrow also came under fire when she announced she and ex-husband Chris Martin planned to "consciously uncouple" rather than divorce after 10 years of marriage. \n\nThe lawsuit, brought against Paltrow by Sanderson, was seen by some – including PR expert Dave Quast – to be "extremely opportunistic."\n\nCelebrity branding expert and founder of Achilles PR Doug Eldridge explained that Paltrow chose to be "authentic" and as an actress chose to play herself throughout this trial. "She took a positive PR bump post trial for four reasons: 1) she won, 2) she countersued for $1 dollar (along with what is likely mid-six figures in legal fees), 3) her answers were ridiculous, and 4) her courtroom wardrobe was strategic and effective."

Paltrow was criticized by the public for promoting starvation diets and her ideas on conscious uncoupling

The trial over a 2016 ski accident involving actor and businesswoman Gwyneth Paltrow wrapped up Thursday, with the jury ruling that she was not responsible for the collision at a Utah ski resort.\n\nAfter a short deliberation, the jury concluded that plaintiff Terry Sanderson was entirely at fault for the collision, with the decision ultimately hinging on which party jurors believed was higher on the slopes when the crash occurred. \n\nSanderson, 76, sued Paltrow for $3.1 million after alleging that she crashed into him at the tony Deer Valley resort in Park City, Utah. After a judge dismissed his initial suit, he later refiled his complaint seeking more than $300,000. Paltrow, 50, countersued for a symbolic $1 and attorney fees.\n\nIn each taking the stand last week, Paltrow and Sanderson presented starkly different accounts of the collision and called a succession of medical experts and witnesses to buttress their claims. Paltrow\'s ski instructor at the time of the incident, Deer Valley veteran Eric Christiansen, blamed Sanderson for the crash, which occurred on a beginner ski run. \n\n\n"Gwyneth was making her turns very rhythmically," he said under oath, while alleging that Sanderson "was making wide radius turns and taking up a large swath of the ski slope."\n\nFor his part, Sanderson has accused Paltrow of barreling into him, breaking four of his ribs and causing a severe concussion whose symptoms lingered for years.

Gwyneth's ski instructor testified on her behalf that Sanderson was taking up a large swath of the ski slope.


\n\nInternational pressure may be the only way to stop the Brazilian government from taking a “suicide” path in the Amazon, one of the country’s most respected scientists has said, as the world’s biggest rainforest continues to be ravaged by thousands of deliberate fires.\n\nThe large number of conflagrations – set illegally to clear and prepare land for crops, cattle and property speculation – has prompted the state of Amazonas to declare an emergency, created giant smoke clouds that have drifted hundreds of miles, and sparked international concerns about the destruction of an essential carbon sink.\n\n“Our house is burning,” tweeted the French president, Emmanuel Macron, who called for emergency talks on the subject at this week’s G7 summit. But the response to the crisis has been mixed: while Norway and Germany have halted donations to the Brazilian government’s Amazon fund, the EU has recently signed a trade deal with South America, and the UK spent this week focusing on post-Brexit business with Brazil.\n\nOn Wednesday, the UK trade minister Conor Burns was shaking hands with his counterparts in Brasilia and declaring a desire to “deepen relations”. Asked about the fires, he declined to comment but reportedly said Bolsonaro’s government had “legitimate ambitions to bring prosperity to its people”.\n\nScientists say the ongoing destruction will have dire consequences for Brazil and the world.\n\n

The fires are releasing greenhouse gases and toxic pollutants.

Norway and Germany have halted donations to the Brazilian government’s Amazon fund.

The EU has recently signed a trade deal with South America.

Emmanuel Macron called for emergency talks on the subject at the G7 summit.

\n\nFires in Brazil's Amazon rainforest are proliferating at an alarming rate.\n\nThat's the gist of an announcement this week by the country's National Institute for Space Research, or INPE. According to the agency, there have been 74,155 fires in Brazil so far this year — most of which erupted in the Amazon. That represents an astonishing leap of more than 80% over last year and by far the most that the agency has recorded since it began compiling this data in 2013.\n\nAbout half those fires, or nearly 36,000 of them, have ignited in just the past month. That's nearly as many as in all of 2018. Smoke from the fires has darkened the skies over major Brazilian cities, such as São Paulo.\n\nBrazilian President Jair Bolsonaro has signaled unconcern about the situation. The far-right leader, who took office in January, has repeatedly lambasted Brazil's environmental regulations as an impediment to economic development, and under his tenure environmental agencies have seen diminished staff and funding. That includes INPE itself, whose leader, Ricardo Magnus Osório Galvão, was canned this month because — according to Galvão — he questioned how Bolsonaro was using his agency's data.\n\nAsked about the fires by local media, Bolsonaro baselessly suggested that nongovernmental organizations have been setting the fires themselves as retaliation for the scaling back of Brazil's usual funding support for them.


\n\nThe world’s largest rainforest, the Amazon spans eight countries and covers 40% of South America – an area that is nearly the size of two-thirds of the US, according to the World Wildlife Fund. More than 30 million people live in the Amazon, which is also home to large numbers of mammals, birds, amphibians and reptiles, most of them unique to the region. A new plant or animal species is discovered there every two days.\n\nThe Amazon forest, which produces about 20% of earth’s oxygen, is often referred to as “the planet’s lungs.”\n\nAn inferno in the Amazon, two-thirds of which is in Brazil, threatens the rainforest ecosystem and also affects the entire globe.\n\nSince the beginning of 2019, Brazil’s National Institute for Space Research (known as “INPE”) has reported 72,843 fires in the country, with more than half of these being seen in the Amazon region. This means more than one-and-a-half soccer fields of Amazon rainforest are being destroyed every minute of every day, INPE has stated.\n\nAn 80% increase in deforestation has occurred so far this year compared to last year, according to the institute.\n\nEvidence of the fires also comes by way of a map created by the European Union’s satellite program, Copernicus, that shows smoke from the fires spreading all along Brazil to the east Atlantic coast. Smoke has covered nearly half of the country and has begun to spill into neighboring Peru, Bolivia and Paraguay.\n\n

President Donald Trump supports the G-7 initiative.

The EU has recently signed a trade deal with South America.

\n\nFires in Brazil's Amazon rainforest are proliferating at an alarming rate.\n\nThat's the gist of an announcement this week by the country's National Institute for Space Research, or INPE. According to the agency, there have been 74,155 fires in Brazil so far this year — most of which erupted in the Amazon. That represents an astonishing leap of more than 80% over last year and by far the most that the agency has recorded since it began compiling this data in 2013.\n\nAbout half those fires, or nearly 36,000 of them, have ignited in just the past month. That's nearly as many as in all of 2018. Smoke from the fires has darkened the skies over major Brazilian cities, such as São Paulo.\n\nBrazilian President Jair Bolsonaro has signaled unconcern about the situation. The far-right leader, who took office in January, has repeatedly lambasted Brazil's environmental regulations as an impediment to economic development, and under his tenure environmental agencies have seen diminished staff and funding. That includes INPE itself, whose leader, Ricardo Magnus Osório Galvão, was canned this month because — according to Galvão — he questioned how Bolsonaro was using his agency's data.\n\nAsked about the fires by local media, Bolsonaro baselessly suggested that nongovernmental organizations have been setting the fires themselves as retaliation for the scaling back of Brazil's usual funding support for them.

An 80% increase in deforestation has occurred.

\n\nFor weeks now, forest fires have been burning across Brazil’s Amazon rainforest—generally a normal situation in the dry season, but the fires are much worse than normal this year. Brazil’s official numbers now tally more than 79,500 fires this year—more than half of those in the Amazon, making this the “most active fire year in that region since 2010.” The majority of these fires are intentional, set by farmers and ranchers to clear fields and open up land for grazing. The government of Brazilian President Jair Bolsonaro, who promised to relax environmental protections, faces growing criticism in Brazil and abroad as the Amazon burns. Gathered here, images from Brazil taken over the past few days. Editor’s note: A government handout photo of an aircraft dropping water was removed from this story, after it was discovered to have been taken years earlier.\n\n1. A laborer stares at a fire that spread to the farm he worked on next to a highway in Nova Santa Helena municipality in northern Mato Grosso state, in the Amazon basin in Brazil, on August 23, 2019.\n\n2. An aerial picture shows a fire on a piece of land in the Amazon rainforest, about 65 km from Porto Velho, in Brazil's Rondonia state, on August 23, 2019.\n\n3. A burned section of the Amazon rainforest, photographed near Abuna, Rondonia state, Brazil, on August 24, 2019.\n\n

Human-caused global warming and climate change occur worldwide.


\n\nMore than 125 million Americans are under heat warnings and advisories on Monday evening as a dangerous heat wave that began in the Southwest covers more real estate in the Central and Southern U.S.\n\nThe big picture: The National Weather Service (NWS) is warning that a "dangerous" combination of heat and humidity will affect the majority of the lower 48 states before the week is over, and there are few signs the heat will abate after that.\n\nAll of Arkansas, Kentucky, Missouri, Mississippi, Illinois, Iowa and Indiana are under heat warnings plus parts of at least a dozen other states.\nThe heat wave is courtesy of a strong area of high pressure, or heat dome, that is slowly moving east across the Central U.S.\nThe heat dome is likely to shift eastward during the first part of the week, but then careen back west in a see-saw pattern, setting up hotter conditions again for the Upper Plains and Central states later in the week.\nClimate change is causing heat waves such as this one to be more severe, frequent and longer-lasting than just a few decades ago.\n\nWhy it matters: Heat waves are the deadliest type of severe weather hazard in the U.S., and they especially target low-income residents who may lack access to air conditioning. They are also particularly dangerous for outdoor workers.\n\nThreat level: As of Monday morning, heat watches, advisories and warnings were in effect from the Carolinas to Texas, extending north into Wisconsin and Minnesota and south to the Gulf Coast.\n\n

A strong area of high pressure, or heat dome, is slowly moving east across the Central U.S.

\n\nNew records have been set as temperatures topped 40 degrees Celsius (104 degrees Fahrenheit) across much of Spain and Portugal Wednesday amid a persistent heat wave across western Europe.\n\nIn northwest Spain, the city of Ourense set its all-time temperature record of 43.2 degrees Celsius (109.76 degrees Fahrenheit) on Tuesday, according to Spain’s meteorological agency, AEMET.\n\nOn Wednesday, Zamora set its own record after reaching 41.1 degrees Celsius (105.98 degrees Fahrenheit), according to climate statistician Max Herrera. Soria set a record of 38.7 degrees Celsius (101.66 degrees Fahrenheit) that same day.\n\nThe central Portuguese town of Lousã set an all-time record of 46.3 degrees Celsius (115.34 degrees Fahrenheit) and Lisbon set a July record of 41.4 degrees Celsius (106.52 degrees Fahrenheit).\n\nBut the worst is yet to come.\n\nOfficials in Spain and Portugal are bracing themselves for the hottest day of the heat wave so far.\n\nTemperatures are set to reach around 45 degrees Celsius (113 degrees Fahrenheit) in parts of western and southern Spain, according to AEMET. In its afternoon update, AEMET warned that Spain is set to experience its hottest day of the heat wave on Thursday.\n\nSimilar is being said of Portugal. Portuguese Prime Minister Antonio Costa told reporters that Thursday is set to be the “most serious day” for Portugal as far as the extreme weather is concerned, warning that the country needs “to be more careful than ever to avoid new occurrences.”\n\n

Temperatures topped 40 degrees Celsius (104 degrees Fahrenheit) across much of Spain and Portugal on Wednesday.

\n\nHundreds more people were evacuated from their homes as wildfires blistered land in France, Spain and Portugal on Friday, while officials in Europe issued health warnings for the heatwave in the coming days.\n\nMore than 1,000 firefighters, supported by water-bomber aircraft, have battled since Tuesday to control two blazes in southwestern France that have been fanned by scorching heat, tinder-box conditions and strong winds.\n\nWhile temperatures dipped a little in Portugal, they were still expected to top 40 degrees Celsius (104 Fahrenheit) in some places, with five districts on red alert and more than 1,000 firefighters tackling 17 wildfires, authorities said.\n\nIn Spain, a new wildfire broke out in the south of the country after blazes in the west in the past week.\n\nMore than 400 people were evacuated from the hills of Mijas, a town popular with northern European tourists in the province of Malaga. Beachgoers in Torremolinos, some 20 km away, could see plumes of smoke rising above the hotels lining the coast.\n\nMeanwhile, the worst drought in over 70 years reduced Italy's longest river, the Po, to little more than a trickle in places, with temperatures expected to rise next week.\n\nOfficials are worried about the effects on people's health and on healthcare systems already challenged by the COVID-19 pandemic as the searing heat sweeps the continent, with warnings issued for worse to come in Britain in particular.\n\nThe World Meteorological Organization said the heatwave would worsen air quality, especially in towns and cities.\n\n

Officials in Europe issued health warnings for the heatwave in the coming days.


\n\nThe Panama Papers are an unprecedented leak of 11.5m files from the database of the world’s fourth biggest offshore law firm, Mossack Fonseca. The records were obtained from an anonymous source by the German newspaper Süddeutsche Zeitung, which shared them with the International Consortium of Investigative Journalists (ICIJ). The ICIJ then shared them with a large network of international partners, including the Guardian and the BBC.\n\nWhat do they reveal?\nThe documents show the myriad ways in which the rich can exploit secretive offshore tax regimes. Twelve national leaders are among 143 politicians, their families and close associates from around the world known to have been using offshore tax havens.\n\nA $2bn trail leads all the way to Vladimir Putin. The Russian president’s best friend – a cellist called Sergei Roldugin – is at the centre of a scheme in which money from Russian state banks is hidden offshore. Some of it ends up in a ski resort where in 2013 Putin’s daughter Katerina got married.\n\nAmong national leaders with offshore wealth are Nawaz Sharif, Pakistan’s prime minister; Ayad Allawi, ex-interim prime minister and former vice-president of Iraq; Petro Poroshenko, president of Ukraine; Alaa Mubarak, son of Egypt’s former president; and the prime minister of Iceland, Sigmundur Davíð Gunnlaugsson.\n\nAn offshore investment fund run by the father of British prime minister David Cameron avoided ever having to pay tax in Britain by hiring a small army of Bahamas residents to sign its paperwork.

Panamanian lawyers closed the offshore law firm and had no control over how its clients may have used the offshores he created for them.

11.5 million files were leaked from the database of the world’s fourth biggest offshore law firm, Mossack Fonseca.

\n\nReports published this week on the secretive industry that banks and lawyers use to hide the financial holdings of some of the world’s top leaders and billionaires brought a powerful global response, including the resignation of one prime minister, while the White House and U.S. agencies reacted more cautiously.\n\nPresident Barack Obama addressed the massive leak of documents, which led to the reporting, on Tuesday during a press conference about business tax reform.\n\n“There is no doubt that the problem of global tax avoidance generally, is a huge problem,” the president said. The president also noted in his remarks that the problem is not unique to other nations. “There are folks here in America who are taking advantage of the same stuff. A lot of it is legal, but that’s exactly the problem,” the president added. “It’s not that they’re breaking the laws, it’s that the laws are so poorly designed that they allow people, if they’ve got enough lawyers and enough accountants, to wiggle out of responsibilities that ordinary citizens are having to abide by.”\n\nThe Justice Department, which is investigating alleged corruption in the world’s top soccer body, the Fédération Internationale de Football Association (FIFA), said it may focus more on the financial dealings raised in the reporting based on the documents.\n\n

The Justice Department is investigating alleged corruption in the world’s top soccer body, the Fédération Internationale de Football Association (FIFA).

An offshore investment fund run by the father of British prime minister David Cameron avoided ever having to pay tax in Britain.