Heavy rain inundates Henan province in China

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• Heavy rain inundates Henan province in China By Ryan Woo | Reuters BEIJING – Heavy rain pounded the central Chinese province of Henan on Tuesday, bursting the banks of major rivers, flooding the streets of a dozen cities and trapping subway passengers waist-high in floodwaters. Henan, a populous province double the size of Austria, has been hit by storms since the weekend in an unusually active rainy season. No deaths or casualties have been reported, but the daily lives of the province’s 94 million people have been…
• Austria investigating after 2 dozen US officials in Vienna report Havana Syndrome symptoms Vienna, Austria. Sylvain Sonnet/Getty Images Two dozen US officials in Vienna have reported Havana Syndrome symptoms. The ailment refers to mysterious neurological symptoms affecting US officials around the globe. Scientists have long suspected the symptoms are caused by microwave radiation attacks. See more stories on Insider's business page. Austria is investigating reports of US diplomats and officials experiencing "unexplained health incidents" similar to the Havana Syndrome. According to The New Yorker, two dozen US officials in Vienna have reported mysterious…
• Buildings collapse in heavy floods across Europe leaving at least 21 dead Heavy rain was recored in several countries (Picture: AP/Getty/EPA)At least 21 people have died as floods hit several European countries, leaving homes collapsed and sweeping away cars. Most of those dead were confirmed in Germany, with dozens of other people missing there and some trapped on rooftops waiting to be rescued. However, Switzerland and Belgium have also been badly hit by the heavy rain. Authorities in the western German county of Euskirchen said eight deaths had been reported there. Efforts…
• China says pandemic won’t delay 2022 Winter Olympics Journalists film the National Ski Jumping Centre, one of the venues for Beijing 2022 Olympic and Paralympic Winter Games. | Andy Wong/APOrganizers have not announced what rules will be in place for athletes, officials and coaches at the 2022 Winter Olympics, or if fans will be allowed. ZHANGJIAKOU, China — With the postponed Summer Olympics set to open in Tokyo next week, Beijing has made moves to show its preparations for the Winter Games are well on track for February…
• Central banks juggle global housing boom Surging house prices across much of the globe are emerging as a key test for central banks’ ability to rein in their crisis support. Withdrawing stimulus too slowly risks inflating real estate further and worsening financial stability concerns in the longer term. Pulling back too hard means unsettling markets and sending property prices lower, threatening the economic recovery from the Covid-19 pandemic. With memories of the global financial crisis that was triggered by a housing bust still fresh in policy…
• Stablecoins should be regulated like banks and central bank digital currencies could tame these 'wildcat' crypto tokens, according to research from the Fed and Yale US dollar Sopa images/ Getty images Researchers at the Federal Reserve and Yale University have released a report titled 'Taming the Wildcat Stablecoins.' The report suggested stablecoins should be regulated like banks, and promoted CBDCs. The report preceded the Treasury's working group meeting Monday on stablecoins. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Cryptocurrencies that are pegged to a stable asset - known as "stablecoins" - should be regulated as strictly as commercial banks…
• Satellite photos show China's new aircraft carrier coming together quickly and reveals more about its design The Liaoning, China's first aircraft carrier, departs Hong Kong, Tuesday, July 11, 2017. Associated Press Satellite imagery shows China has made significant progress on its new carrier in recent weeks. A CSIS analysis of the latest imagery said that certain aspects of the design can now be confirmed. Different from its predecessors, the ship has a flat flight deck and catapults. See more stories on Insider's business page. China has made significant progress on its newest aircraft carrier in recent…
• Top Stories this PM: Trump implicated in org probe; Europe's devastating floods; Subway's free promo fail Good afternoon. Here are the top stories so far today. For more daily and weekly briefings, sign up for our newsletters here. What happened today: Trump is implicated. A witness in the Manhattan district attorney's investigation into the Trump Organization told prosecutors that Donald Trump once personally offered to pay school costs for employees' family members in place of a raise in order to avoid paying taxes, The Daily Beast reported. The revelation could bolster any charges that prosecutors could…
• Trial date reset for former UC Davis researcher, a Chinese national charged with visa fraud A July jury trial date in federal court has been reshuffled for a 38-year-old former University of California, Davis, researcher charged last year with visa fraud and lying to the FBI about being a member of the Chinese military, a case that made national headlines. Tang Juan, of Xi’an, China, who has pleaded not guilty to the charges after being indicted by a federal grand jury in Sacramento in August last year, was scheduled to face jurors Monday in a…
• Ryan Reynolds ‘begged’ future bride Blake Lively to sleep with him Ryan Reynolds and Blake Lively tied the knot in 2012 (Picture: Getty)Deadpool star Ryan Reynolds was doing well at playing the long game before he finally cracked and begged his future bride Blake Lively to sleep with him. Relating the story of his romance with the Gossip Girl star, Ryan — who used to be married to Scarlett Johansson — said they met on a movie set. ‘I met Blake on the darkest crease on the anus of the universe…