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'Explosive' Lake Fire in Southern California burns 10,000 acres in just hours, forces evacuations in Los Angeles County

The Lake Fire had burned about 10,000 acres as of 8 p.m. PDT near Lake Hughes in the Angeles National Forest, about 65 miles northeast of Los Angeles.

Hit by COVID-19, Thyssenkrupp sees early signs of stabilisation
Hit by COVID-19, Thyssenkrupp sees early signs of stabilisation

Ailing conglomerate Thyssenkrupp on Thursday said some businesses were stabilising in the current quarter after suffering a heavy blow due to the coronavirus pandemic. "We have worked hard to keep our costs under control and secure liquidity," Chief Executive Martina Merz said. The company, which sold its elevator unit to a private equity consortium for 17.2 billion euros, said most businesses were stabilising or even improving quarter-on-quarter, with the exception of its struggling steel division.

Carlsberg expects organic operating profit to fall 10-15% this year
Carlsberg expects organic operating profit to fall 10-15% this year

Danish brewer Carlsberg said on Thursday second-quarter sales fell 15% from a year earlier on the back of lower volumes and said it now expects organic operating profit for the full year to decline 10%-15%. The world's third biggest brewer after Anheuser Busch InBev and Heineken said sales stood at 15.9 billion Danish crowns ($2.52 billion) in the quarter. Carlsberg last month posted preliminary figures for the first six months of the year.

Israel strikes Gaza militant sites after incendiary balloons
Israel strikes Gaza militant sites after incendiary balloons
  • World
  • 2020-08-13 05:42:03Z

The Israeli military said it struck Hamas militant sites in the Gaza Strip early Thursday in response to continued launches of explosives-laden balloons from the Palestinian territory into Israel. The military said its targets included a compound used by Hamas' naval force and underground infrastructure and observation posts. Israel and Hamas have fought three wars and numerous smaller flareups since the Islamic militant group seized control of Gaza in 2007.

Motorpoint Group plc (LON:MOTR) Could Be Riskier Than It Looks
Motorpoint Group plc (LON:MOTR) Could Be Riskier Than It Looks

There wouldn't be many who think Motorpoint Group plc's (LON:MOTR) price-to-earnings (or "P/E") ratio of 18x is worth...

Golden eagles breeding success at Scottish Highlands estate
Golden eagles breeding success at Scottish Highlands estate

The raptors have bred on an estate in the Scottish Highlands for the first time in 40 years.

European battery makers power up for a green recovery
European battery makers power up for a green recovery

European battery makers are gearing up to take advantage of massive "green" stimulus packages unveiled since the coronavirus pandemic though many acknowledge it will be tough to match the Asian giants that dominate the mainstream market. While Sweden's Northvolt, and more recently France's Verkor, are making a play for large-scale production, other European companies are focusing on niche markets and new technologies rather than taking on Chinese and South Korean firms with mass production of batteries destined for electric vehicles (EVs). From Greek battery maker Sunlight to start-ups like InoBat Auto in Slovakia and Switzerland's Innolith, firms say the challenge of building economies...

European battery makers power up for a green recovery
European battery makers power up for a green recovery

European battery makers are gearing up to take advantage of massive "green" stimulus packages unveiled since the coronavirus pandemic though many acknowledge it will be tough to match the Asian giants that dominate the mainstream market. While Sweden's Northvolt, and more recently France's Verkor, are making a play for large-scale production, other European companies are focusing on niche markets and new technologies rather than taking on Chinese and South Korean firms with mass production of batteries destined for electric vehicles (EVs). From Greek battery maker Sunlight to start-ups like InoBat Auto in Slovakia and Switzerland's Innolith, firms say the challenge of building economies...

Briton arrested in South Korea on charges of secretly filming women
Briton arrested in South Korea on charges of secretly filming women
  • US
  • 2020-08-13 05:25:14Z

South Korean police have confirmed a British man is in custody on charges of illegally filming women using hidden cameras and then distributing the footage on his website. The man, who has not been named, allegedly approached 10 women on the street and filmed them without their consent during a visit to South Korea in August 2018, the Korea Times reported. He is also suspected of committing similar crimes in Taiwan, Japan and Hong Kong. The problem of secret spy-cam pornography, known locally as "molka", has long been widespread in South Korea, prompting tens of thousands of women in recent years to take to the streets in mass protests and instigating a police awareness campaign about its...

Exclusive: China pushes First Capital merger in drive to take on Wall Street
Exclusive: China pushes First Capital merger in drive to take on Wall Street

China plans to merge domestic broker First Capital Securities with smaller rival Capital Securities, three sources said, underscoring Beijing's determination to consolidate the brokerage industry to take on the giants of Wall Street. China wants to level the playing field as it opens up its financial markets to foreign players including Goldman Sachs and Morgan Stanley , said two of the sources with knowledge of the matter. In addition to consolidation, China wants to build firms mighty enough to take on Wall Street behemoths in the domestic industry, which is worth 8 trillion yuan ($1.2 trillion) and has over 130 firms.

boohoo group plc
boohoo group plc's (LON:BOO) Price In Tune With Earnings

boohoo group plc's (LON:BOO) price-to-earnings (or "P/E") ratio of 58x might make it look like a strong sell right now...

Hit by COVID-19, Thyssenkrupp sees early signs of stabilisation
Hit by COVID-19, Thyssenkrupp sees early signs of stabilisation

Ailing conglomerate Thyssenkrupp on Thursday said some businesses were stabilising in the current quarter after suffering a heavy blow due to the coronavirus pandemic. "We have worked hard to keep our costs under control and secure liquidity," Chief Executive Martina Merz said. The company, which sold its elevator unit to a private equity consortium for 17.2 billion euros, said most businesses were stabilising or even improving quarter-on-quarter, with the exception of its struggling steel division.

'Impossible': School boards are at heart of reopening debate
  • World
  • 2020-08-13 05:02:37Z

Helena Miller listened to teachers, terrified to reenter classrooms, and parents, exhausted from trying to make virtual learning work at home. This Board of Trustees in suburban South Carolina is like thousands of school boards nationwide, where members are tackling a simple but hefty question - do we return to school amid a pandemic?

China launches
China launches 'Clean Plate' campaign against food waste

Some local restaurants have been urged to limit the number of dishes diners can order.

Philippines eyes clinical trials for Russian COVID-19 vaccine in October
Philippines eyes clinical trials for Russian COVID-19 vaccine in October
  • US
  • 2020-08-13 05:02:18Z

The Philippines plans to start clinical trials for a Russian coronavirus vaccine in October, with President Rodrigo Duterte expected to be inoculated as early as May 2021, the presidential spokesman said on Thursday. Phase three clinical trials in the Philippines are due to run from October to March 2021, after a panel of vaccine experts completes its review on Russia's phase one and two trials in September, Harry Roque, Duterte's spokesman, told a briefing.

Is Saturn Metals (ASX:STN) In A Good Position To Deliver On Growth Plans?
Is Saturn Metals (ASX:STN) In A Good Position To Deliver On Growth Plans?

Just because a business does not make any money, does not mean that the stock will go down. Indeed, Saturn Metals...

EPA expected to undo methane leak rule for oil, gas industry
EPA expected to undo methane leak rule for oil, gas industry

President Donald Trump's administration is expected to undo Obama-era rules designed to limit greenhouse gas emissions from oil and gas fields and pipelines, formalizing the changes Thursday in the heart of the nation's most prolific natural gas reservoir and in the premier presidential battleground state of Pennsylvania. The precise details of the final rule remain under wraps after the EPA first proposed the rollback last year.

China
China's Tencent downplays Trump's WeChat app ban

The ban on Tencent's messaging app could end up being be more damaging to iPhone maker Apple.

China
China's deadly summer floods have caused $25B in damage

Summer floods in China have left more than 200 people dead or missing and caused $25 billion in direct damage, an emergency management official said Thursday. The floods struck major river systems across the central and southern parts of the country. Vice Minister of Emergency Management Zhou Xuewen told reporters 219 people were listed as dead or missing and 54,000 homes had been destroyed.

Do Insiders Own Lots Of Shares In Splitit Payments Ltd (ASX:SPT)?
Do Insiders Own Lots Of Shares In Splitit Payments Ltd (ASX:SPT)?

A look at the shareholders of Splitit Payments Ltd (ASX:SPT) can tell us which group is most powerful. Institutions...

What Is The Ownership Structure Like For Splitit Payments Ltd (ASX:SPT)?
What Is The Ownership Structure Like For Splitit Payments Ltd (ASX:SPT)?

If you want to know who really controls Splitit Payments Ltd (ASX:SPT), then you'll have to look at the makeup of its...

Radical or moderate? Trump paints Democratic ticket as both
Radical or moderate? Trump paints Democratic ticket as both
  • World
  • 2020-08-13 04:27:18Z

President Donald Trump's campaign is struggling to define California Sen. Kamala Harris, the newly announced running mate for Democratic rival Joe Biden. With Trump lagging in the polls less than 90 days before the election, his team faces a pivotal choice.

Biden, Harris lash Trump at debut of historic VP choice
Biden, Harris lash Trump at debut of historic VP choice
  • World
  • 2020-08-13 04:25:41Z

Joe Biden and Kamala Harris pushed past their one-time political rivalry to deliver an aggressive attack on the character and performance of President Donald Trump in their historic first appearance as running mates. The physical debut of the Democratic ticket on Wednesday was without parallel in recent political annals. The coronavirus prevented Biden and Harris from appearing before the large, adoring crowd that typically greets a presidential nominee and his or her running mate.

Zydus Cadila launches India's cheapest remdesivir version at $37 per vial
  • US
  • 2020-08-13 04:24:21Z

Zydus Cadila on Thursday launched the cheapest generic version of Gilead Sciences' antiviral drug remdesivir in India to treat COVID-19 following reports of shortages at hospitals in the world's third-worst hit nation. Zydus has priced it at 2,800 rupees ($37.44) per 100mg vial. It will be

Warning on Russia adds questions about Senate
Warning on Russia adds questions about Senate's Biden probe
  • World
  • 2020-08-13 04:21:00Z

Even before last week's intelligence assessment on foreign election interference, Republican Sen. Ron Johnson was facing criticism from Democrats that his investigation of presidential candidate Joe Biden and Ukraine was politically motivated and advancing Russian interests. The investigation is unfolding as the country, months removed from an impeachment case that had centered on Ukraine, is dealing with a pandemic and confronting the issue of racial injustice.

'Latinx' is mostly unknown term - even among US Latinos: Only 1 in 4 have heard of it, Pew study finds.

Only 23% of U.S. Latinos have heard of the term "Latinx" and just 3% use the word to describe themselves, according to the Pew Research Center.

Iowa farmers assess losses after storm flattened cornfields
Iowa farmers assess losses after storm flattened cornfields

Farmers across a wide swath of Iowa are dealing with the heartbreaking aftermath of a rare wind storm that turned what was looking like a record corn crop into deep losses for many. The storm, known as a derecho, slammed the Midwest with straight line winds of up to 100 miles per hour on Monday, gaining strength as it plowed through Iowa farm fields, flattening corn and bursting grain bins still filled with tens of millions of bushels of last year's harvest. Iowa was to provide about 18% of that production.

Need To Know: Stockland (ASX:SGP) Insiders Have Been Buying Shares
Need To Know: Stockland (ASX:SGP) Insiders Have Been Buying Shares

It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...

Sensex, Nifty rise on gains in metals, upbeat global mood
Sensex, Nifty rise on gains in metals, upbeat global mood

India's main indexes rose on Thursday, powered by gains in metal stocks, while an overnight rally in technology stocks on Wall Street and a surprise rise in U.S. inflation boosted global sentiment. The NSE Nifty 50 index rose 0.36% to 11,348.34 by 0510 GMT, while the benchmark S&P BSE Sensex climbed 0.29% to 38,483.80. "We are following global markets directionally and metals were waiting for an upside bounce and we are now seeing them catch up," said Deepak Jasani, head of research, HDFC Securities.

Read This Before Selling Stockland (ASX:SGP) Shares
Read This Before Selling Stockland (ASX:SGP) Shares

It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...

6 national restaurant chains in deepest trouble amid COVID-19 include Outback Steakhouse, IHOP and Denny
6 national restaurant chains in deepest trouble amid COVID-19 include Outback Steakhouse, IHOP and Denny's

Will more restaurants close or file for bankruptcy amid COVID-19? Chains like Outback, Applebee's and IHOP are most at risk for not paying back debts.

New Zealand coronavirus: 14 new Covid-19 cases reported
New Zealand coronavirus: 14 new Covid-19 cases reported

The country's biggest city, Auckland, is back in lockdown after a family cluster emerged.

U.S. leaves tariffs on Airbus aircraft unchanged at 15%
U.S. leaves tariffs on Airbus aircraft unchanged at 15%

The U.S. government on Wednesday said it would maintain 15% tariffs on Airbus aircraft and 25% tariffs on other European goods, despite moves by the European Union to resolve a 16-year-old dispute over aircraft subsidies. U.S. Trade Representative Robert Lighthizer (USTR) said the EU had not taken actions necessary to come into compliance with World Trade Organization decisions, and Washington would initiate a new process to try to reach a long-term solution.

Protesters in Minneapolis say they won
Protesters in Minneapolis say they won't clear barricades around the George Floyd Memorial until the city leaders meet their 24 demands
  • US
  • 2020-08-13 03:50:33Z

Some of the demands include recalling Hennepin County Attorney, Mike Freeman, and ending qualified immunity.

Some Arizona schools to reopen in defiance of virus benchmarks
  • US
  • 2020-08-13 03:41:34Z

As President Donald Trump urges schools to resume in-person learning, two greater Phoenix-area school districts this week voted to return to classes on Aug. 17 even though their counties, like all others in Arizona, have yet to meet health safety benchmarks. After hundreds of parents and students protested

US says Iran briefly seizes oil tanker near Strait of Hormuz
US says Iran briefly seizes oil tanker near Strait of Hormuz
  • World
  • 2020-08-13 03:27:28Z

The Iranian navy boarded and briefly seized a Liberian-flagged oil tanker near the strategic Strait of Hormuz amid heightened tensions between Tehran and the U.S., a U.S. military official said Thursday. The U.S. military's Central Command published a black-and-white video showing what appeared to be special forces fast-roping down from a helicopter onto the MV Wila, whose last position appeared to be off the eastern coast of the United Arab Emirates near the city of Khorfakkan. The Iranian navy held the vessel for some five hours before releasing it Wednesday, said a U.S. military official who spoke to The Associated Press on condition of anonymity to discuss details not yet made public.

Oil edges lower after jump on U.S. stocks draw
Oil edges lower after jump on U.S. stocks draw

Crude oil prices eased slightly on Thursday but held most of their gains from the previous session after U.S. government data showed a fall in inventories, supporting the view that fuel demand is returning despite the coronavirus pandemic. Brent crude was down 8 cents at $45.35 a barrel by 0150 GMT, after a gain of around 2% in the previous session. West Texas Intermediate oil was down by 6 cents at $42.61 a barrel after gaining 2.6% on Wednesday.

Salt Lake police suspend K9 program after video shows dog biting Black man with his hands up
Salt Lake police suspend K9 program after video shows dog biting Black man with his hands up
  • US
  • 2020-08-13 02:34:00Z

The video appears to show an officer telling his dog "good boy" while it bites a man kneeling on the ground.

SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Kingold Jewelry, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Kingold Jewelry, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / August 12, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class-action lawsuit against Kingold Jewelry, Inc.

IMPORTANT SHAREHOLDER ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against FirstEnergy Corp. and Encourages Investors with Losses in Excess of $500,000 to Contact the Firm
IMPORTANT SHAREHOLDER ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against FirstEnergy Corp. and Encourages Investors with Losses in Excess of $500,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / August 12, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class-action lawsuit against FirstEnergy Corp.

SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Wirecard AG and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Wirecard AG and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / August 12, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Wirecard AG ("Wirecard" or "the Company") (OTC PINK:WCAGY)(OTC PINK:WRCDF) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.

Biden
Biden's deep Israel ties could ease Obama-era tensions: experts

During Joe Biden's first trip to Israel in 1973, he met prime minister Golda Meir, who chain-smoked as she detailed regional security threats days before the Yom Kippur War. Biden, a newly elected senator at the time, later described that meeting as "one of the most consequential" of his life. In the more than four decades since, his career has been punctuated by a staunch defence of Israel, especially in its handling of the Palestinian conflict.

Earnings Tell The Story For The Citadel Group Limited (ASX:CGL)
Earnings Tell The Story For The Citadel Group Limited (ASX:CGL)

The Citadel Group Limited's (ASX:CGL) price-to-earnings (or "P/E") ratio of 31.9x might make it look like a strong...

Is AJ Lucas Group (ASX:AJL) A Future Multi-bagger?
Is AJ Lucas Group (ASX:AJL) A Future Multi-bagger?

What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...

In US,
In US, 'Cancel Rent' movement gains ground

Without a job and terrified of being left homeless during the coronavirus pandemic, Manuel Acero had no other option but to enlist in the US Army. Carrillo has joined the "Cancel Rent" movement, which is gathering steam with protests across the United States as Americans hit hard by the coronavirus pandemic pile up debts. Activists want landlords to suspend rent obligations for those in the most dire straits, having lost their jobs in the economic chaos sparked by the virus crisis.

Arizona paid a former government employee $95,000 to handle the state
Arizona paid a former government employee $95,000 to handle the state's unemployment crisis. He left the job while 37,000 residents still wait to be paid.

Tom Betlach, a former local official, was pulled out of retirement and contracted through his own consulting firm to handle unemployment claims.

Decentralized Finance Frenzy Drives Ethereum Transaction Fees to All-Time Highs
Decentralized Finance Frenzy Drives Ethereum Transaction Fees to All-Time Highs

Average transaction fees broke all-time highs as median fees hover just below its high.

Argentina and Mexico to produce AstraZeneca COVID-19 vaccine
Argentina and Mexico to produce AstraZeneca COVID-19 vaccine
  • US
  • 2020-08-13 01:16:21Z

Argentina and Mexico will produce the AstraZeneca COVID-19 vaccine for most of Latin America, Argentine President Alberto Fernandez said on Wednesday after a meeting with company executives involved in the project. An agreement signed between British pharmaceutical company AstraZeneca and the biotechnology company mAbxience of the INSUD Group includes transfer of technology to initially produce 150 million doses of the vaccine to supply all of Latin America with the exception of Brazil, the Argentine government said.

13 Clever-Approved Bookshelves That
13 Clever-Approved Bookshelves That'll Make You Look Smart

POWER PLAYERS: The 16 key healthcare experts advising Joe Biden and Kamala Harris
POWER PLAYERS: The 16 key healthcare experts advising Joe Biden and Kamala Harris

Should former Vice President Joe Biden with the White House, these experts would shape how the US emerges from the coronavirus pandemic.

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