Iraq Celebrates Babylon Becoming a UNESCO World Heritage Site

Iraq is celebrating the UNESCO World Heritage Committee’s decision to name the historic city of Babylon a World Heritage Site in a vote in Azerbaijan. Friday’s vote comes after Iraq bid for years for Babylon to be added to the list of World Heritage Sites. The city on the Euphrates River is about 85 kilometers (55 miles) south of Baghdad. The 4,300-year-old Babylon, now mainly an archaeological ruin and two important museums, is where dynasties have risen and have fallen since the earliest days of settled human civilization. Parliament speaker Mohammed al-Halbousi and Minister of Culture Abdul-Amir al-Hamadani congratulated the Iraqi people on the announcement. The vote comes years after the Islamic State group damaged another Iraq World Heritage site in the country’s north, the ancient city of Hatra.   …

Another Coal Company Bankruptcy Leaves 1,700 Workers Facing Layoffs   

The U.S. coal industry sank deeper this week as the nation’s sixth-largest coal company declared bankruptcy. Though the Trump administration has taken measures aimed at supporting coal, six of the 10 largest coal companies have gone bankrupt since 2014. Blackjewel LLC’s Chapter 11 filing comes just weeks after the No. 3 producer, Cloud Peak Energy, declared bankruptcy.  The coal industry has been pummeled as electric utilities switch from coal-fired power to cleaner, cheaper natural gas and renewable energy.  It is good news for the climate and public health. Burning coal produces more greenhouse gas emissions and other pollutants than other fuels.  But the trend has been devastating for the coal industry and its employees.  Blackjewel, a subsidiary of Revelation Energy, employed about 1,700 workers in four states, including Kentucky, Virginia, West Virginia and Wyoming, according to court filings.  FILE – A farmer plants corn against a backdrop of wind turbines, June 8, 2019, in a field near Vesper, Kan. Gas, wind, solar In bankruptcy filings, Blackjewel blamed a “combination of an abundant, cheap and reliable alternative fuel in the form of natural gas, increased usage of renewable sources of energy,” plus stricter environmental regulations, for the coal industry’s decline.  Coal consumption is at its lowest point in four decades.  The dramatic rise of natural gas in the United States has undercut the economics of coal-fired power. The United States has been the world’s leading natural gas producer since 2009.  Meanwhile, this April marked the first time coal-fired electricity generation slipped behind renewable sources,  including …

African Migrants in Record Numbers Head for US via Latin America

Marilyne Tatang, 23, crossed nine borders in two months to reach Mexico from the West African nation of Cameroon, fleeing political violence after police torched her house, she said. She plans soon to take a bus north for four days and then cross a 10th border, into the United States. She is not alone, a record number of fellow Africans are flying to South America and then traversing thousands of miles of highway and a treacherous tropical rainforest to reach the United States. Tatang, who is eight months pregnant, took a raft across a river into Mexico on June 8, a day after Mexico struck a deal with U.S. President Donald Trump to do more to control the biggest flows of migrants heading north to the U.S. border in more than a decade. Trump threats encourage migrants The migrants vying for entry at the U.S. southern border are mainly Central Americans. But growing numbers from a handful of African countries are joining them, prompting calls from Trump and Mexico for other countries in Latin America to do their part to slow the overall flood of migrants. As more Africans learn from relatives and friends who have made the trip that crossing Latin America to the United States is tough but not impossible, more are making the journey, and in turn are helping others follow in their footsteps, migration experts say. Trump’s threats to clamp down on migrants have ricocheted around the globe, paradoxically spurring some to exploit what they see …

West Virginia Coal Billionaire Cline Killed in Helicopter Crash

Coal tycoon Chris Cline, who worked his way out of West Virginia’s underground mines to amass a fortune and become a major Republican donor, has died in a helicopter crash outside a string of islands he owned in the Bahamas.      Cline and his daughter Kameron, 22, were on board the aircraft with five others when it went down Thursday, a spokesman for his attorney Brian Glasser said Friday.      The death of the 60-year-old magnate led to eulogies from industry leaders, government officials and academics, who described Cline as a visionary who was generous with his $1.8 billion fortune.    “He was a very farsighted entrepreneur,” said Bill Raney, president of the West Virginia Coal Association. “Chris was just one of those folks who had the Midas touch.”      Raney said Cline began toiling in the mines of southern West Virginia at a young age, rising through the ranks of his father’s company quickly with a reserved demeanor and savvy business moves.      He formed his own energy development business, the Cline Group, which grew into one of the country’s top coal producers.   Investment switch    When he thought mining in the Appalachian region was drying up, he started buying reserves in the Illinois Basin in what turned out to be a smart investment in high-sulfur coal, according to the website of Missouri-based Foresight Energy, a company he formed.     Cline sold most of his interest in Foresight for $1.4 billion and then dropped $150 million into a metallurgical …

California Towns Survey Quake Damage as Shocks Persist

Communities in the Mojave Desert tallied damage and made emergency repairs to cracked roads and broken pipes Friday as aftershocks from Southern California’s largest earthquake in 20 years kept rumbling.    The small town of Ridgecrest, close to the epicenter, assessed damage after several fires and multiple injuries that were blamed on the magnitude 6.4 quake. A shelter drew 28 people overnight, but not all of them slept inside amid the shaking.    “Some people slept outside in tents because they were so nervous,” said Marium Mohiuddin of the American Red Cross.    Damage appeared limited to desert areas, although the quake was felt widely, including in the Los Angeles region 150 miles (240 kilometers) away. The largest aftershock thus far — magnitude 5.4 — was also felt in L.A. before dawn Friday.   Hospital closed  Ridgecrest Regional Hospital remained closed as state inspectors assessed it, spokeswoman Jayde Glenn said. The hospital’s own review found no structural damage, but there were cracks in walls, broken water pipes and water damage.    The hospital was prepared to help women in labor and to give triage care to emergency patients, Fifteen patients were evacuated to other hospitals after the quake, Glenn said.    Workers repair lines that were broken during a powerful earthquake that struck Southern California, near the epicenter, northeast of the city of Ridgecrest, July 5, 2019. The quake did not appear to have caused major damage to roads and bridges in the area, but it did open three cracks across a short stretch of …

Міжнародні резерви України в червні зросли на 1,2 мільярда – НБУ 

Міжнародні резерви України протягом червня зросли на 1,2 мільярда та сягнули понад 20,6 мільярда доларів в гривневому еквіваленті, повідомляє Національний банк України. Таким чином, йдеться в повідомленні, за перший місяць літа обсяг резервів зріс на 6,4%. За даними центрального банку, міжнародні резерви зросли завдяки надходженням від розміщення облігацій зовнішньої і внутрішньої позики та сприятливому курсу валют. «У червні надходження від розміщення облігацій внутрішньої і зовнішньої державної позики становили 1 612,4 мільйона доларів США. Зокрема, від розміщення єврооблігацій отримано 1 мільярдів євро, від ОВДП – 325,8 мільйона доларів США і 148 мільйонів євро», – повідомляє НБУ. Крім того, згідно з роз’ясненням регулятора, завдяки сприятливій ситуації на валютному ринку Нацбанк зміг поповнювати резерви за рахунок інтервенцій на міжбанківському валютному ринку загалом на 322,3 мільйона доларів.  «Станом на 1 липня 2019 року обсяг міжнародних резервів покриває 3,4 місяця майбутнього імпорту, що є достатнім для виконання зобов’язань України та поточних операцій уряду і Національного банку», – стверджують у НБУ. 5 липня Національний банк зміцнив офіційний курс гривні на 5 копійок. Згідно з даними НБУ, на початку 2019 року міжнародні резерви України становили 20,8 мільярда доларів, та в період з січня по травень їхній обсяг знизився до 19,4 мільярда доларів. …

«Нафтогаз»: суд Англії вирішив «заморозити» 145 млн доларів дивідендів для «Газпрому»

Комерційний суд Високого суду Англії та Уельсу в межах позову НАК «Нафтогаз України» зобов’язав «Газпром» в разі отримання дивідендів від газопроводу Nord Stream («Північний потік») внести 145 мільйонів доларів з належної йому суми на рахунок суду як гарантію виконання вимог суду, повідомила 5 липня пресслужба «Нафтогазу». У компанії розповіли, що відповідне рішення суд ухвалив 11 червня, врахувавши подовження термінів розгляду апеляції на рішення Стокгольмського арбітражу у Швеції та ймовірні додаткові відсотки за боргом, які «Газпрому» має сплатити «Нафтогазу». Згідно з повідомленням, Англійський комерційний суд зобов’язав «Газпром» при ухваленні нових рішень акціонерами Nord Stream про виплату дивідендів, отримувати згоду «Нафтогазу» або погодження суду для отримання таких коштів. У березні Англійський комерційний суд обтяжив «Газпром» додатковими зобов’язаннями щодо неприховування та невиведення своїх активів із юрисдикцій Англії та Нідерландів. Суд зобов’язав «Газпром» надати грошове забезпечення обсягом 200 мільйонів доларів на рахунок суду чи ескроу-рахунок одного з лондонських банків як гарантію виконання вимог суду. Стокгольмський арбітраж у лютому 2018 років повідомив, що присудив «Нафтогазу» 4,6 мільярда доларів. З урахуванням рішення по іншому спору та відсотків «Газпром» має виплатити українській компанії понад 2,56 мільярда доларів. …

Нацбанк зміцнив курс гривні до долара на 17 копійок

Національний банк України зміцнив офіційний курс гривні на 5 липня на 17 копійок – до 25,87 гривні за долар проти 26,04 у четвер. Відповідні дані оприлюднено на сайті НБУ. Офіційний курс національної валюти до євро встановлено на рівні 29,20 гривні за євро проти 29,41 напередодні. …

A Celebration of Independence, in Trump Fashion

America’s annual Independence Day is celebrated a bit differently in Washington, D.C., this year, with a display of military might and a speech about patriotism by U.S. President Donald Trump. The event draws Trump supporters, as well as protesters who accuse the president of politicizing a nonpartisan holiday and wasting taxpayer money. White House Correspondent Patsy Widakuswara has the story. …

Букмекери назвали головного претендента на посаду глави МВФ – Bloomberg

Головним претендентом на посаду директора-розпорядника Міжнародного валютного фонду є голова Банку Англії Марк Карні. Про це повідомляє агентство Bloomberg з посиланням на букмекерський сайт Betway. Ставки на Карні приймають з коефіцієнтом 7 до 2. «Кандидатура Карні відповідає вимогам: він народився в Канаді, але у нього ірландський паспорт і британське громадянство, а його очікуваний відхід з Банку Англії в січні представляється своєчасним», – цитує агентство Алана Алджера з Betway. Другим найбільш вірогідним претендентом є голова Резервного банку Індії Рагхурам Раджан. Нинішній директор-розпорядник Міжнародного валютного фонду Крістін Лаґард тимчасово склала з себе повноваження очільниці фонду через висунення її кандидатури на посаду голови Європейського центробанку. …

Sudan Military, Opposition Agree to Share Power

Sudan’s ruling military council and a coalition of opposition and protest groups reached an agreement to share power during a transition period leading to elections, setting off street celebrations by thousands of people. The two sides, which have held talks in Khartoum for the past two days, agreed to “establish a sovereign council by rotation between the military and civilians for a period of three years or slightly more,” African Union mediator Mohamed Hassan Lebatt said at a news conference. They also agreed to form an independent technocratic government and to launch a transparent, independent investigation into violent events in recent weeks. The two sides agreed to postpone the establishment of a legislative council. They had previously agreed that the Forces for Freedom and Change (FFC) coalition would take two-thirds of a legislative council’s seats before security forces crushed a sit-in protest June 3, killing dozens, and talks collapsed. Joy in the streets The streets of Omdurman, Khartoum’s twin city across the Nile River, erupted in celebration when the news broke, a Reuters witness said. Thousands of people of all ages took to the streets, chanting “Civilian! Civilian! Civilian!” Young men banged drums, people honked their car horns, and women carrying Sudanese flags ululated in jubilation. “This agreement opens the way for the formation of the institutions of the transitional authority, and we hope that this is the beginning of a new era,” said Omar al-Degair, a leader of the FFC. Sudanese Gen. Mohammed Hamdan Dagalo, the deputy head of …

Нацбанк зміцнив офіційний курс гривні до 25,87 за долар

Національний банк України зміцнив офіційний курс гривні до долара на 5 липня до 25,87 порівняно з 26,04 гривні за долар станом на 4 липня. Такі дані наведені на сайті НБУ. Офіційний курс національної валюти до євро становить 29,20 проти 29,41 гривні напередодні.   …

Vietnam Asks Firms to Use Local Materials as US Threatens Tariffs

Vietnamese manufacturers should use domestically-sourced raw materials to avoid incurring U.S. tariffs, Vietnam’s foreign ministry said on Thursday, days after Washington said it would impose large duties on some steel products shipped through the Southeast Asian country. The U.S. Commerce Department said on Tuesday it would slap tariffs of up to 456% on certain steel produced in South Korea or Taiwan which are then shipped to Vietnam for minor processing and finally exported to the United States. “The Ministry of Industry and Trade has warned local companies about possible moves by importing countries, including the United States, to apply stricter requirements in trade protection cases,” Foreign Ministry spokeswoman Le Thi Thu Hang said at a routine news conference in Hanoi. Vietnamese companies should consider business strategies that include switching to domestic materials, she said. Hang said Vietnam will continue to work with the United States in its efforts to crack down on goods of foreign origin illegally relabeled “Made in Vietnam” by exporters seeking to dodge tariffs. Vietnam has been touted as one of the largest beneficiaries of the ongoing trade war between the United States and China, but recent comments from U.S. President Donald Trump have led some to believe that Vietnam may be the next target of U.S. tariffs. Last month, Trump said Hanoi treated the United States “even worse” than China, amid the ongoing trade spat between Washington and Beijing. Vietnam responded by saying it was committed to free and fair trade with the United States. Vietnam’s …

Warning Light Flashing for Slovakia’s Auto Industry

When David landed an assembly line job at Volkswagen’s Bratislava factory, his colleagues congratulated him on securing a well-paid position he could ride to retirement. Two years later, he is among the 3,000 workers being laid off at the plant that produces the Volkswagen Touareg and Porsche Cayenne in a round of job cuts that has sent shockwaves through Slovakia, the world’s biggest car producer per capita. “All my colleagues were saying there’s nothing to worry about, if I get used to the work load and work pace, the salary will gradually increase and I will have a stable job until retirement,” said David, who declined to give his last name. “And suddenly I get a call from human resources and learn that I’m being let go.” The job losses at the factory, Slovakia’s largest private sector employer, underline the challenges the country faces to keep the engine revving in an industry that accounts for about 12% of annual economic output and more than one in ten jobs. Competition from lower-cost southeastern European markets, a shift to electric vehicles and global trade tensions are among the headwinds buffetting the small central European nation as automakers mull where to launch future production lines. Volkswagen itself is looking at building a new plant in eastern Europe, with trade publications citing Bulgaria, Serbia and Turkey as the most likely locations. While David found a job at another carmaker, the layoffs at the Bratislava plant, which also makes the Audi Q7 and Q8 models, …

India Plans $330B Renewables Push by 2030 Without Hurting Coal

India said on Thursday it needs $330 billion in investments over the next decade to power its renewable energy dream, but coal would remain central to its electricity generation. The energy guzzling country wants to raise its renewable energy capacity to 500 Gigawatts (GW), or 40% of total capacity, by 2030. Renewables currently account for 22% of India’s total installed capacity of about 357 GW. “Additional investments in renewable plants up to year 2022 would be about $80 billion at today’s prices and an investment of around $250 billion would be required for the period 2023-2030,” according to the government’s economic survey presented to parliament on Thursday. India wants to have 175 GW of renewable-based installed power capacity by 2022.  The investment estimate reflects the magnitude of financial challenges facing one of the world’s most important growth markets for renewable energy, with government data indicating a growth slowdown in private and capital investments in the year ended March 2019. India, which receives twice as much sunshine as European countries, wants to make solar a cornerstone of its renewable expansion, but also wants to make use of its cheap and abundant coal reserves, the fifth-largest in the world.   The annual economic survey warned India against abruptly halting coal-based utilities, citing risks to its banking sector and the stability of the electricity grid. “It may not be advisable to effect a sudden abandonment of coal based power plants without complete utilization of their useful lifetimes as it would lead to stranding …

Malaysian ex-PM Stepson to be Charged With Money Laundering

Malaysia’s anti-graft agency said Thursday it has detained Riza Aziz, the stepson of former Prime Minister Najib Razak and a Hollywood film producer, and will charge him with money laundering. Anti-Corruption Commission chief Latheefa Koya said Riza was picked up Thursday but has been released on bail. “He has to appear before the court tomorrow to face charges under AMLA,” she said, referring to the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001. She declined to give details. Riza was quizzed last July by the agency over alleged theft and money laundering at the 1MDB state investment fund. U.S. investigators say Riza’s company, Red Granite Pictures Inc., used money stolen from 1MDB to finance Hollywood films including the Martin Scorsese-directed “The Wolf of Wall Street.” Red Granite has paid the U.S. government $60 million to settle claims it benefited from the 1MDB scandal. Alleged corruption at the 1MDB fund helped bring on the unexpected defeat of Najib’s coalition in May 9 polls last year. The new government reopened investigations that were stifled while Najib was in office. Najib is currently on trial for alleged criminal breach of trust, abuse of power and money laundering linked to 1MDB. He denies the charges. His wife, Rosmah Mansor, also has pleaded not guilty to money laundering and tax evasion related to 1MDB but her trial date has not been set. Najib’s daughter, Nooryana Najwa, slammed the legal action against her brother. “Despite the settlement in the U.S. and the fact …

US Deports 37 Cambodian Refugees After Criminal Convictions

Thirty-seven Cambodian deported by the United States arrived in Phnom Penh on Thursday, 32 of them refugees who fled during the rule of the genocidal Khmer Rouge in the 1970s or war that followed their ouster, an aid group said. Thousands of Cambodian refugees started new lives in the United States after fleeing the Khmer Rouge’s 1975-1979 reign of terror, in which up to 2 million people are believed to have been killed or died of overwork and starvation, and subsequent chaos. Some of them, after spending most of their lives in the United States, are sent back to a homeland they hardly know after running afoul of U.S. law. “They — their families, actually — fled the terrors of the Khmer Rouge era and post — Khmer Rouge chaos. Many were born in Thai refugee camps,” said Bill Herod, spokesman for the Khmer Vulnerability Aid Organization (KVAO), a group that helps Cambodian deportees adjust after being sent back from the United States. Cambodian Prime Minister Hun Sen has in the past criticized the United States over the deportations and accused it of breaking up the families of those forced to leave. Thirty-five of the 37 deportees were convicted criminals who were sent back to Cambodia via a U.S. Immigration and Customs Enforcement (ICE) flight from Dallas, ICE said in a statement on its website. ICE said it had increased the number of Cambodian immigrants it had deported from 2017 to 2018 by 279%. There are still about 1,900 Cambodians in the United …

Нацбанк зміцнив курс гривні до 26,04 за долар

Національний банк України встановив на 4 липня офіційний курс гривні на рівні 26,04 за долар, зміцнивши її на 13 копійок. Такі дані наводить НБУ. Офіційний курс національної валюти до євро становить 29,41 гривні проти 29,58 напередодні. …

Frenchman Takes Groping Complaint Case to Vatican

One of a half-dozen men who have accused the Vatican’s ambassador to France of groping them said Wednesday he plans to take his legal complaint directly to the Vatican, alleging the Holy See had invoked diplomatic immunity for the high-ranking churchman in a French criminal probe. Mathieu De La Souchere filed a police report in Paris earlier this year accusing Archbishop Luigi Ventura of touching his buttocks repeatedly during a Jan. 17 reception at Paris City Hall. De La Souchere met with one of Pope Francis’ sex abuse advisers about the allegations Wednesday. The Paris prosecutor’s office has opened an investigation into alleged sexual aggression. The Vatican said Ventura was cooperating with the investigation. But De La Souchere said the French case was essentially stalled over the immunity question. “The French government’s request to the Vatican to lift the diplomatic immunity remained unanswered,” he told The Associated Press. De La Souchere said his lawyer plans to file a complaint with the Vatican City State’s criminal tribunal next week. The tribunal largely follows the Italian penal code and is separate from the Congregation for the Doctrine of the Faith, which handles sex abuse-related crimes under the Catholic Church’s canon law. “This new judicial step here in the Vatican, we hope, will be one more step toward the trial that we all the victims in France are waiting for,” De La Souchere said after meeting with the Rev. Hans Zollner, a founding member of the Pontifical Commission for the Protection of Minors. …

Scientists Sound Alarm After 6 Rare Whale Deaths in One Month

Scientists, government officials and conservationists are calling for a swift response to protect North Atlantic right whales after a half-dozen died in the past month. All six of the dead endangered species have been found in the Gulf of St. Lawrence off Canada. At least three appear to have died after being hit by ships. There are only a little more than 400 of the endangered species left.    The deaths have led scientists to sound the alarm about a potentially catastrophic loss to the population. Some say the whales are traveling in different areas than usual because of food availability. That change has apparently brought whales outside of protected zones and left them vulnerable.   …

 Trump Claims Census Question on Citizenship Still Alive 

U.S. President Donald Trump contended Wednesday that the government will still try to ask a question about citizenship in the once-a-decade census in 2020, a day after top officials announced they had given up on including the citizenship question following a Supreme Court ruling on the matter last week. “The News Reports about the Department of Commerce dropping its quest to put the Citizenship Question on the Census is incorrect or, to state it differently, FAKE!” Trump claimed on Twitter. “We are absolutely moving forward, as we must, because of the importance of the answer to this question.” The News Reports about the Department of Commerce dropping its quest to put the Citizenship Question on the Census is incorrect or, to state it differently, FAKE! We are absolutely moving forward, as we must, because of the importance of the answer to this question. — Donald J. Trump (@realDonaldTrump) July 3, 2019   But his comment sowed confusion about the inclusion of the question, coming after both the Department of Justice and the Commerce Department said they had abandoned the effort for the census that starts April 1. The government has said it already has started printing the questionnaires this week in order to have them all ready for use in nine months. US commerce secretary Wilbur Ross speaks at the 11th Trade Winds Business Forum and Mission hosted by the US Department of Commerce, in New Delhi, India, May 7, 2019. Commerce Secretary Wilbur Ross said, “I respect the Supreme …