A parched planet: Record-breaking heat blanketing four continents in July

People chill under a cooling mist spot in Tokyo on July 23, 2018. Searing hot temperatures are forecast for wide swaths of Japan and South Korea in a long-running heat wave.(Photo: The Associated Press) July has brought record-breaking heat to people around the world.   In the last 30 days, there have been 3,173 new daily maximum temperatures, 159 new hottest months and 53 new all-time highs worldwide, according to the National Oceanic and Atmospheric Administration. In the U.S. alone, there have been 1,566 new daily maximum temperatures, 86 new hottest months…

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'It’s healthier than other kinds of meat': North Koreans eat dog meat to beat the heat

Eric Talmadge, Associated Press Published 9:16 p.m. ET July 25, 2018 A dog waits to be rescued at a dog meat farm in Wonju, South Korea.(Photo: Meredith Lee, Humane Society International via AP Images) PYONGYANG, North Korea – In North Korea, summer is not a good time to be a dog. In the sizzling heat, North Korea’s biggest brewery is pumping out twice as much beer as usual, Pyongyang residents are lining up to get their “bingsu” – a syrupy treat made with shaved ice – and restaurants are serving…

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Islamic State claims Toronto shooting rampage; police not convinced

CLOSE A trauma specialist at St. Michael’s hospital in Toronto said her hospital has five patients who are in serious or critical condition and said three of the five underwent immediate lifesaving operations. (July 23) AP People light candles and leave photos of 18-year-old victim Reese Fallon at a memorial remembering the victims of a shooting in Toronto.(Photo: Mark Blinch, AP) The Islamic State group claimed responsibility Wednesday for a gunman’s rampage in Toronto that killed two people and wounded 13, but Police Chief Mark Saunders said there was no…

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Suicide blast kills 31 as Pakistan holds general elections

Imran Khan, head of Pakistan Tehrik-e-Insaf (PTI) speaks to journalists after casting his ballot at a polling station during general elections in Islamabad, Pakistan, July 25, 2018.(Photo: T. MUGHAL, EPA-EFE) ISLAMABAD – A suicide bomber struck outside a crowded polling station in Pakistan’s southwestern city of Quetta, killing 31 people as Pakistanis cast ballots Wednesday in a general election meant to lead to the nation’s third consecutive civilian government. The attack in Quetta, the provincial capital of Baluchistan, also wounded 35 people and several were reported to be in critical…

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Facebook lost approximately $150 billion U.S. in two hours

By Sheera FrenkelThe New York Times Wed., July 25, 2018 SAN FRANCISCO—For nearly two years, Facebook has appeared bulletproof despite a series of scandals about the misuse of its giant social network. But the Silicon Valley company’s streak ended Wednesday when it said that the accumulation of issues was starting to hurt its multibillion-dollar business — and that the costs are set to continue playing out for months. Facebook’s stock tumbled more than 23 percent in after-hours trading, erasing more than $120 billion in market value in less than two…

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Mark Zuckerberg’s $16.8-billion loss would have been a wipeout for most billionaires

By Divya Balji Wed., July 25, 2018 For many of the world’s richest people, losing $16.8 billion (U.S.) in a day would be a wipeout. For Mark Zuckerberg, it’s just about one-fifth of his net worth. Losing $16.8 billion (U.S.) would devastate most billionaires. For Mark Zuckerberg, it’s only about one-fifth of his net worth.  (Bloomberg) His fortune tumbled in late trading Wednesday, as shares of the social media giant slid 20 per cent in post-market trading in New York on disappointing results. If that holds through Thursday’s close, he will…

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Loblaw anticipates higher food prices soon due to trade war pressures

By Aleksandra SaganThe Canadian Press Wed., July 25, 2018 Canadians will likely have to pay more for certain food items soon as grocers grapple with the impact of new tariffs in an ongoing trade war and other pressures, said Loblaw Companies Ltd. CEO. “We see a very strong possibility of an accelerating retail price inflation in the market,” said Galen G. Weston during a conference call with analysts Wednesday. “Our base businesses continued to perform well in a very competitive marketplace despite significant cost pressures,” said Galen G. Weston, Loblaw…

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Massachusetts candy company plant abruptly closes

REVERE, MASS.—The owner of a company that makes candies such as Necco wafers and Sweethearts has unexpectedly shut down operations at its Massachusetts plant. The Boston Globe reports Round Hill Investments LLC announced Tuesday it is selling Necco brands to another confection manufacturer and closing down its Revere plant. The company had recently purchased Necco for $17.3 million at a bankruptcy auction in May. Round Hill did not identify Necco’s new owner or say if candy production will resume. The closure came as a shock to the close to 230…

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Stock market boom shows trade war is becoming background noise

LONDON—What trade angst? U.S. stocks are at five-month highs, Australian stocks at decade highs, and equity markets including Canada and India are at or near their highest levels on record. It’s a rally that gives the lie to all the talk that a looming trade war is about to send the global economy into a downturn. Rather, it underscores how the combination of continued central bank largesse, a stronger-than-expected start to the company earnings season and growing indifference to the protectionist rhetoric emanating from Washington and Beijing are buoying risk…

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Uber’s HR chief steps down after reportedly ignoring racial discrimination complaints

The head of human resources at Uber has stepped down from her position, following a series of workplace scandals that have rocked the Silicon Valley tech company during her tenure. It’s the latest shakeup at the company, which in recent years has been jolted by multiple discrimination complaints and the resignation of co-founder Travis Kalanick, who had served as CEO. The departure of Uber’s HR director, Liane Hornsey, was announced on Tuesday in an email to employees, according to the Wall Street Journal. The email, sent by Uber CEO Dara…

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