Currency and control: why China wants to undermine bitcoin

Beijing’s crackdown on cryptocurrencies has captured headlines, while behind the scenes its reserve bank set up its own digital currency

Few would dispute that China’s recent crackdown on cryptocurrency trading and mining has contributed to the recent plunge in the value of bitcoin and other cryptos.

But while the argument rages about whether the volatility of cryptos is a sign of fundamental weakness or merely a bump along the road, the initiatives coming out of Beijing are being seen by experts as a sign of China’s attempts to incubate its own fledgling e-currency and reboot the international financial system.

Continue reading...

Biden says ‘I will not send another generation of Americans to war in Afghanistan’ – live

Michael Avenatti, the former lawyer to Stormy Daniels who repeatedly clashed with Donald Trump during his presidency, has been sentenced to two and a half years in prison for trying to extort Nike.

Reuters reports:

U.S. District Judge Paul Gardephe in Manhattan said Avenatti, 50, ‘had become drunk on the power of his platform’ in betraying his client, a youth basketball coach, in order to obtain riches for himself.

The sentencing caps a precipitous downfall for a once-obscure lawyer who in 2018 became a cable news fixture, disparaging then-President Trump and even flirting with a White House run himself.

Joe Biden rejected comparisons between the end of the Vietnam War and the conclusion of the war in Afghanistan, insisting the two events are nothing alike.

However, some American veterans have said they feel the US military is leaving a job undone in Afghanistan, just as it did in Vietnam. Some also fear that Kabul will soon fall to the Taliban, as Saigon fell after US troops departed Vietnam.

Continue reading...

Football’s coming to Rome? Italy fans look to Wembley showdown

Italians are excited for the Euro 2020 final against England: ‘If we play with the heart, we will win’

Tens of thousands of English football fans at Wembley tried to send a message to Italy on Wednesday night: Sunday’s Euro 2020 final will be hell for the Azzurri. Italians heard the deafening cheers of the home support loud and clear, but that chant, “It’s coming home”, screamed at the top of English lungs does not seem to have affected them greatly. They are far from intimidated.

“It’s coming home? Maybe the English fans meant ‘it’s coming to Rome’,” said Giovanni Mapelli, 14, from Monticello Brianza, near Milan, who plays for a local football team. Since England won a place in the final, he and his brother have been mocking his England-born-and-raised mother.

Continue reading...

Delta variant fears send shares down sharply in London and Europe

Investors worry resurgence of Covid-19 cases will slow economic growth and stall global recovery

Fears that the fast-spreading Delta variant of Covid-19 will hurt the global recovery sent stocks sliding on Thursday, as investors worried that economic growth could be slowing.

Shares fell sharply in London and across other European exchanges, after losses in Asia-Pacific markets, on concerns that the economic rebound from the shock of the pandemic may have peaked, and on signs of a slowdown in China.

Continue reading...

Haiti: police kill suspects in gun battle after assassination of president – video report

An already struggling and chaotic Haiti is reeling from the assassination of President Jovenel Moïse, followed by a reported gun battle in which authorities said police killed four of the murder suspects. Officials have pledged to find all those responsible for the raid on Moïse’s house before dawn on Wednesday. The government has declared a two-week state of emergency to help it hunt the assassins.

Continue reading...

Haiti reels from murder of president as police hunt assassins

Two-week state of emergency declared as officers reportedly kill four suspects in gun battle after Jovenel Moïse’s death

A struggling and chaotic Haiti is reeling from the assassination of President Jovenel Moïse followed by a reported gun battle in which authorities said police killed four of the murder suspects, detained two others and freed three officers who were being held hostage.

With Port-au-Prince’s airport still closed and residents asked to remain at home, rumours and speculation continued to swirl around the murky circumstances of Moïse’s murder.

Continue reading...

Taliban close in on Helmand capital as UK Afghan mission ends

Lashkar Gah still under control of government forces but local activist says city is under siege

As Boris Johnson announced the end of Britain’s military mission in Afghanistan, Taliban fighters pressed in on the capital of Helmand province, once the centre of the UK’s presence there.

Militants are less than a mile from Lashkar Gah, now also home to tens of thousands of people who have fled the fighting or Taliban rule across the rest of the province, local officials said.

Continue reading...

Edward Mortimer obituary

Speechwriter for Kofi Annan at the United Nations who drew on his experience as a commentator for British newspapers

In 1998 Edward Mortimer, who has died aged 77, joined the staff of the UN secretary general Kofi Annan as chief speechwriter and later director of communications. Since the UN’s foundation at the end of the second world war, its leadership had often lacked breadth and depth of vision, with the exception of the eight years under the Swede Dag Hammarskjöld until his death in a plane crash in Africa in 1961.

Like him, Annan, who was from Ghana, believed that the UN represented more than the sum of its member states, and could act as a prime mover in undertaking initiatives. Now, once more, the words of the secretary general mattered, moved, provoked and were remembered, and Mortimer had a key role in making that happen.

Continue reading...

Miami condo collapse death toll hits 60 as rescue efforts end

Six victims were recovered Thursday morning, with 80 still unaccounted for as officials say no chance of life in rubble

Rescue efforts at the site of the Champlain Towers South collapse in Surfside, Florida, officially ended late on Wednesday night as officials have said there is no chance of life in the rubble.

Six victims were recovered on Thursday morning, bringing the death toll to 60 and the number of unaccounted to 80. Of those who were recovered, 35 have been identified.

Continue reading...

Trump golf club charged Secret Service $10,000 for rooms in May, records show

  • Bedminster club charged agency for 18-day stay in May
  • Completely legal for Secret Service to be billed for rooms

Donald Trump charged the Secret Service nearly $10,200 for its use of guest rooms at his New Jersey golf club in May, newly released records indicate.

The May charges at the Trump National golf club in Bedminster, New Jersey totaled $10,199.52 for an 18-day stay – about $566 per night at the resort.

Continue reading...

‘It’s all up in the air’: wary Haitians stay home as power struggle looms

Details of assassination of President Jovenel Moïse emerge as political uncertainty grips nation

Disturbing details of the murder of Haiti’s president, Jovenel Moïse, are emerging as the Caribbean country grapples with the fallout from what was officially the first assassination of a serving president in the Americas since the shooting of John F Kennedy in 1963.

Moïse, who had been facing mounting public anger over what critics called his reluctance to relinquish power, was shot dead in the early hours of Wednesday at his home in a wealthy suburb of the capital, Port-au-Prince. The first lady, Martine Moïse, was wounded and evacuated to Miami where she is reportedly in a stable condition.

Continue reading...

Boris Johnson announces end to UK military mission in Afghanistan – video

Boris Johnson has announced the end of Britain’s military mission in Afghanistan, following a hasty and secretive exit of the last remaining troops 20 years after the post-9/11 invasion that started the 'war on terror'. Speaking in the Commons, the prime minister confirmed to MPs that the intervention, which claimed the lives of 457 British soldiers, would end even as the insurgent Taliban have been rapidly gaining territory in rural areas as UK and other forces withdraw

Continue reading...

Conservative justices make it clear: they won’t stop anti-democratic voting laws | Fight to vote

The court’s majority opinion unequivocally narrows the law and gives politicians ammunition to pass more restrictive voting laws

Happy Thursday,

In a hugely consequential ruling last week, the US supreme court upheld two Arizona voting restrictions and, in the process, significantly curtailed one of the most powerful provisions that remain of the Voting Rights Act.

Continue reading...

Assange fiancee rejects US proposals over possible extradition

Stella Moris says measures intended to keep her partner ‘in prison effectively for the rest of his life’

US assurances that Julian Assange would not be held under the strictest maximum-security conditions if extradited from the UK have been rejected by his fiancee, who described them as a formula to keep him in prison for the rest of his life.

Details of the proposals made to British authorities emerged after permission was granted this week to appeal against January’s ruling that the Wikileaks co-founder cannot be extradited on mental health grounds.

Continue reading...

Italian Covid victims’ families claim compensation from government

Court in Rome hears lawyers say authorities moved too little, too late to tackle pandemic

A case brought by more than 500 families of Covid victims seeking a total of €100m in compensation from the Italian government has reached court, as the first hearing into continental Europe’s deadliest outbreak got under way in Rome.

Lawyers representing the relatives of coronavirus victims filed a dossier of more than 2,000 pages on Thursday containing hundreds of testimonies and evidence of “systemic negligence” by the Italian authorities, which allegedly caused the deaths of thousands of people.

Continue reading...

Hong Kong trial of 47 pro-democracy activists delayed for 11 weeks

Prosecutors granted more time to prepare cases against those arrested under sweeping national security law

Prosecutors have been granted another months-long delay to the trial of 47 pro-democracy politicians, activists, and campaigners in Hong Kong who held pre-election primaries declared illegal under its sweeping national security law.

A court on Thursday was originally expected to hear an application to transfer the case to a higher court with powers to order longer jail sentences, but prosecutors instead requested an 11-week adjournment, saying they needed more time to prepare, local media reported.

Continue reading...

‘Tragic’: Justice Elena Kagan’s scorching dissent on US voter suppression

The supreme court’s conservative wing considerably weakened section 2 of the Voting Rights Act, and Kagan didn’t hold back

There may have been no supreme court decision this year more important this year than the one in Brnovich v Democratic National Committee.

In a 6-3 ruling that broke down along ideological lines, the court’s conservative justices upheld two Arizona voting restrictions and considerably weakened section 2 of the Voting Rights Act, the landmark 1965 civil rights law.

Continue reading...

‘A world problem’: immigrant families hit by Covid jab gap

Families spread across rich and poor countries are acutely aware of relatives’ lack of access to vaccine

For months she had been dreaming of it and finally Susheela Moonsamy was able to do it: get together with her relatives and give them a big hug. Throughout the pandemic she had only seen her siblings, nieces and nephews fully “masked up” at socially distanced gatherings. But a few weeks ago, as their home state of California pressed on with its efficient vaccination rollout, they could have a proper reunion.

“It was such an emotional experience, we all hugged each other; and with tears in our eyes, we thanked God for being with us and giving us the opportunity to see each other close up again and actually touch each other,” she says. We never valued a hug from our family members that much before.”

Continue reading...

Climate crisis ‘may put 8bn at risk of malaria and dengue’

Reducing global heating could save millions of people from mosquito-borne diseases, study finds

More than 8 billion people could be at risk of malaria and dengue fever by 2080 if greenhouse gas emissions continue to rise unabated, a new study says.

Malaria and dengue fever will spread to reach billions of people, according to new projections.

Continue reading...

Coronavirus live news: Tokyo Olympics to be held without spectators; jabs mandatory for some workers in Greece

Games organisers agree to hold events without fans; Greece to unveil plans to mandate vaccination for specific professional groups next week

Foreign tourists who are not vaccinated against Covid-19 will not be allowed to enter Canada for some time, with the government unwilling to jeopardise progress made on containing the virus, prime minister Justin Trudeau said.

“I can tell you right now that’s not going to happen for quite a while,” said Trudeau, when asked by reporters when the country would allow unvaccinated tourists to enter the country.

Boris Johnson continued to defend his plan in England to delay the lifting of the self-isolation requirement for Covid contacts who have received both jabs until August 16.
With this coming a month after most of the remaining restrictions are expected to be lifted, there are concerns that vast numbers of people could be forced into quarantine, PA reports. Johnson told broadcasters: “I know how frustrated people are about this and I know that people are obviously fed up with Covid restrictions. “What we want to do is just keep going for a little bit longer so that we can get even more vaccinations into people’s arms, give ourselves even more protection.

“But as the Health Secretary has said, we are moving now from self-isolation, from quarantine approach, to test and release approach.

Continue reading...