France Cuts Nuclear Output as Heat Triggers Water Restrictions
Electricite de France SA will curtail production at one nuclear reactor this weekend as a heat wave restricts the amount of water that can be discharged into the Rhone River.
Bloomberg Business
Celsius and Mashinsky: The Most Striking Indictment Details
The US Justice Department’s case against Alex Mashinsky, the former chief executive officer of bankrupt crypto lender Celsius Network Ltd., paints a picture of a man who went to great lengths to dupe investors about the value of his once-high-flying business.
Britain’s Crisis of Ill Health Costs Treasury £15 Billion
Deteriorating health in Britain is costing the state more than £15 billion ($19.6 billion) a year in higher benefits and lost taxes, the Office for Budget Responsibility found in a report that adds urgency for sweeping government action.
Fed’s Daly Says It’s Too Soon to Declare Inflation Victory
Federal Reserve Bank of San Francisco President Mary Daly said it’s too soon for policymakers to say they have done enough to return US inflation to their target.
Quarter of US Population Faces Extreme Heat This Week
Nearly 25% of the US population is facing high, wilting temperatures that show no sign of abating anytime soon, taxing power grids and raising health risks.
Biden Blasts Election Meddling at Site Where Trump Backed Putin
President Joe Biden affirmed the US commitment to NATO and accused Moscow of election interference at the same Helsinki site where former President Donald Trump famously said he believed Russian President Vladimir Putin over US intelligence sources.
World Has Hottest June on Record as Ocean Temperatures Soar
The world just had its hottest June ever for land and sea, with ocean temperatures setting new highs for the third month in a row.
Bank of America Wins First Texas Muni Deal Since GOP-Backed Law
Bank of America Corp. won a Texas city’s bond deal on Wednesday, a sign that the nation’s largest municipal underwriter plans to revive its public-finance business in the state after an absence of almost two years.
Russian Tycoon Says UK Seized His Canary Wharf Superyacht Just to Look ‘Tough’
The UK detained the £38 million ($50 million) superyacht owned by an unsanctioned Russian tycoon in an attempt to look tough and compel him to openly criticize the Russian regime, his lawyers told a UK court.
Hungary Fines Bookseller as Orban Ramps Up Anti-LGBTQ Campaign
Hungary’s government fined a retailer for its display of a book “portraying homosexuality” in a sign it is escalating enforcement of a law meant to curtail minors’ access to LGBTQ content just days before this weekend’s Pride march.
