Associated Press

Iceberg forces Greenland villagers to flee

BERLIN — An iceberg that has drifted perilously close to a remote Greenland village is so big it can be seen from space. The European Space Agency released an image Tuesday showing the giant iceberg just off the coast of Innaarsuit in northwestern Greenland. Dozens of residents were evacuated to higher ground last week due to concerns that the 11 million-ton iceberg could break apart, creating high waves that could wash away coastal buildings. The image captured July 9 by ESA’s Sentinel-2 satellites also shows several other large icebergs in the vicinity. Separately, Greenland broadcaster KNR published a video taken by a resident showing a time lapse of the huge iceberg drifting past the village. KNR reported that strong winds and elevated tides moved the iceberg northward, away from the harbor, over the weekend.

2 Koreas restore hotline

SEOUL -- South Korea and the Democratic People’s Republic of Korea (DPRK) completely restored a military hotline in the western region, allowing the military authorities of the two sides to contact through phone call and fax, Seoul’s defense ministry said Tuesday. The military communications line was completely restored Monday, marking the first restoration in about 29 months since it was cut off with the closedown of the Kaesong Industrial Complex on Feb. 11, 2016, the ministry said in a press release. The inter-Korean factory park, in the DPRK’s border town of Kaesong was unilaterally shut down by the prior South Korean government over Pyongyang’s nuclear test in January 2016.

Kerr receives Warriors extension

OAKLAND, California — Golden State Warriors coach Steve Kerr received a contract extension following the franchise’s repeat championship and third title in four years during his tenure. Kerr and general manager Bob Myers, who are close friends and colleagues, said when the season ended that something would get done quickly once they began formal discussions. Kerr had one year remaining on his original $25 million, five-year contract. Details of the extension were not announced Tuesday. “We’re excited to have Steve under contract and poised to lead our team for the next several years,” Myers said in a statement released by the team. “Under his guidance, we’ve been fortunate enough to win three NBA titles in four years and his ability to thrive in all facets of his job is certainly a primary reason for our success. He’s a terrific coach, but more importantly an incredible human being.” The 52-year-old Kerr has said he hopes to coach at least another decade and perhaps 15 years. His Warriors swept LeBron James and Cleveland in the fourth straight NBA Finals matchups between the rivals. Kerr stayed healthy and on the bench while continuing to deal with symptoms such as headaches and dizzy spells stemming from a pair of back surgeries following the 2015 title. The Warriors marked themselves as a dynasty with their latest crown. They joined Bill Russell’s Boston Celtics, the Chicago Bulls led by Michael Jordan and the Lakers’ trio of title runs fueled by George Mikan in the 1950s, Magic Johnson and Kareem Abdul-Jabbar in the ‘80s, and Shaquille O’Neal and Kobe Bryant nearly 20 years ago as the only franchises in NBA history to capture three championships in four years.

Obama ‘rebukes’ Trump

JOHANNESBURG — In his highest profile speech since leaving office, former U.S. President Barack Obama on Tuesday denounced the policies of President Donald Trump without mentioning his name, taking aim at the “politics of fear, resentment, retrenchment,” and decrying leaders who are caught lying and “just double down and lie some more.” Obama was cheered by thousands in Johannesburg’s Wanderers Stadium as he marked the centenary of Nelson Mandela’s birth by urging respect for human rights, the free press and other values he said were under threat. He rallied people to keep alive the ideals that the anti-apartheid activist worked for as the first black president of South Africa, including democracy, diversity, gender equality and tolerance. Obama opened by calling today’s times “strange and uncertain,” adding that “each day’s news cycle is bringing more head-spinning and disturbing headlines.” “We see much of the world threatening to return to a more dangerous, more brutal, way of doing business,” he said. A day after Trump met in Helsinki with Russian President Vladimir Putin, Obama criticized “strongman politics.” The “politics of fear, resentment, retrenchment” are on the move “at a pace unimaginable just a few years ago,” Obama added. “Those in power seek to undermine every institution ... that gives democracy meaning,” he said. The first African-American president of the United States spoke up for equality in all forms.

Shooting victims sued

LAS VEGAS — MGM Resorts International has sued hundreds of victims of the deadliest mass shooting in modern U.S. history in a bid to avoid liability for the gunfire that rained down from its Mandalay Bay casino-resort in Las Vegas. The company argues in lawsuits filed in Nevada, California, New York and other states this week and last that it has “no liability of any kind” to survivors or families of slain victims under a federal law enacted after the Sept. 11 terrorist attacks. The lawsuits target victims who have sued the company and voluntarily dismissed their claims or have threatened to sue after a gunman shattered the windows of his Mandalay Bay suite and fired on a crowd gathered below for a country music festival. High-stakes gambler Stephen Paddock killed 58 people and injured hundreds more last year before killing himself. Victims with active lawsuits against MGM don’t face the company’s legal claim. MGM says the 2002 law limits liabilities when a company or group uses services certified by the U.S. Department of Homeland Security and mass attacks occur. The company says it is not liable because its security vendor for the concert, Contemporary Services Corp., was federally certified at the time of the Oct. 1 shooting. MGM claims the victims — through actual and threatened lawsuits — have implicated CSC’s services because they involve concert security, including training, emergency response and evacuation. “If defendants were injured by Paddock’s assault, as they allege, they were inevitably injured both because Paddock fired from his window and because they remained in the line of fire at the concert. Such claims inevitably implicate security at the concert — and may result in loss to CSC,” according to the MGM lawsuits.

Sprint star Bolt chases new dream

“He will create dreams for young people and he will give the A-League a profile no amount of money can buy. SYDNEY, Australia -- Eight-time Olympic gold medalist Usain Bolt will undergo a six-week tryout with the Central Coast Mariners, hoping to land a deal that could see him play for a season in Australian football’s A-League. Australian football agent Tony Rallis said Monday a “deal between the Mariners and Usain Bolt in principle has been agreed, subject to a couple of benchmarks.” Rallis said it would be necessary for the 31-year-old Bolt to trial and for Football Federation Australia to support his salary. “Once the FFA comes back and says that they’ll be part of the process, we’re going to the trial,” Rallis said Bolt has a long-held ambition to play professional football and, since his retirement from the track, has trialed with Germany’s Borussia Dortmund and Stromsgodset in Norway. “If he’s competitive, he will lift our A-League profile,” Rallis said. “He will create dreams for young people and he will give the A-League a profile no amount of money can buy. This bloke’s an ambitious athlete. The A-League needed a hero and we got superman.” Rallis said the owner of the Mariners would guarantee 70 percent of his salary and the FFA would be expected to fund the remainder. Mariners chief executive Shaun Mielekamp said there was still a lot of work to do and a trial was imperative to determine Bolt’s skill level. “It would only be big if he can play and if he can go really, really well,” he said. “Because if he comes and he’s not up to the level then it actually has a detrimental effect. “But if he comes and he’s as good as our reports are saying that he can be, then that would be very exciting and I’m sure that this stadium would be pretty full every time he put the boots on.”

Djokovic rejoins Federer, Nadal in Big 3

LONDON, United Kingdom -- What had gone from a Big 4 to a Big 2 is now back to a Big 3, with Novak Djokovic rejoining Roger Federer and Rafael Nadal at the top of men’s tennis. Each has been written off at some point. And each has won a major tournament in 2018: Djokovic’s title at Wimbledon on Sunday, Nadal’s at the French Open in June, and Roger Federer’s at the Australian Open in January. “It’s amazing,” Djokovic’s coach Marian Vajda said, “that those three got back like this.” Maybe the U.S. Open, which starts in 1½ months, will break the tie for season supremacy. That trio has combined to win 10 of the past 14 championships at Flushing Meadows: Five for Federer, three for Nadal, two for Djokovic. At least one, and sometimes two, appeared in 13 of the finals in that span. Federer, who turns 37 on Aug. 8, won that event every year from 2004-08 but not since. Nadal, 32, is the reigning champion. Djokovic, 31, sat out the U.S. Open while missing the last half of 2017 because of an injured right elbow that he eventually had surgery on. He announced his return to prominence and ended a Grand Slam title drought that lasted more than two years by overwhelming Kevin Anderson 6-2, 6-2, 7-6 (3) in the final at the All England Club. While Djokovic was having his problems, Federer and Nadal combined to win six majors in a row, a streak that ended at Wimbledon. Anderson, last year’s runner-up at the U.S. Open, was impressed by the quality he’s seen from Djokovic — both on Sunday and when they practiced with each other of late. “Guys at the top can expect to see him on the other side of the net quite frequently,” Anderson predicted.

Asian shares lower, weighed by trade tensions

“The International Monetary Fund is keeping its forecast for global economic growth unchanged at 3.9 percent this year.” SINGAPORE — Asian markets were mostly lower on Tuesday following a mixed day on Wall Street, as tensions over US tariffs overshadowed data suggesting global growth is still on track. Japan’s benchmark Nikkei 225 bucked the regional trend, gaining 0.4 percent to 22,697.36 after reopening from Monday’s public holiday. South Korea’s Kospi lost 0.2 percent to 2,296.36 and Hong Kong’s Hang Seng lost 1.3 percent to 28,166.16. The Shanghai Composite index shed 1.0 percent to 2,785.63. Australia’s S&P/ASX 200 gave up 0.6 percent to 6,205.40. Shares fell in Taiwan, Indonesia and Thailand but rose in Singapore. Most US indexes closed lower on Monday as investors bought banks but sold most other types of stocks, including health care and technology companies. The S&P 500 index fell 0.1 percent to 2,798.43. The Dow Jones Industrial Average added 0.2 percent to 25,064.36 as Goldman Sachs, JPMorgan Chase, and Boeing climbed. The Nasdaq composite lost 0.3 percent to 7,805.72. The Russell 2000 index of smaller-company stocks shed 0.5 percent to 1,678.54. On Monday, the Trump administration brought cases against China, the European Union, Canada, Mexico and Turkey at the World Trade Organization for retaliating against American tariffs on imported steel and aluminum. The US has imposed tariffs of 25 percent on steel and 10 percent on aluminum on the grounds the imported metals pose a threat to its national security. In response, the countries have counterpunched with taxes on more than $24 billion worth of U.S. exports. Earlier in the day, China filed a WTO challenge to Trump’s proposal for a tariff hike on $200 billion of Chinese goods. The International Monetary Fund is keeping its forecast for global economic growth unchanged at 3.9 percent this year despite worries about rising trade tensions and higher oil prices. It still expects tax cuts to lift US economic growth to 2.9 percent this year, up from 2.3 percent in 2017, but has downgraded the outlook for Europe and Japan. “IMF also joined the chorus warning that trade tension is the biggest risk to growth in near-term given its adverse impact on financial market, sentiment and investment,” said Mizuho Bank. Netflix is adding subscribers at a slower pace than envisioned, renewing fears that its growth may sputter as the video streaming service tries to fend off fiercer competition. The company added 5.1 million subscribers in the April-June period, more than 1 million below what management had believed it could. Monday’s numbers marked the first time in a more than a year that Netflix hadn’t exceeded its subscriber growth projection. Its shares plunged 13.2 percent in aftermarket trading. “The thud was heard up and down Wall Street as Netflix fell off a cliff in late trading after posting dispiriting subscriber growth last quarter,” Stephen Innes of OANDA said in a commentary. He added, “This negative Netflix result could spur more moves into to cash as investors may finally adopt a delayed sell in May and go away strategy.” Oil prices steadied after falling more than 4 percent on official suggestions that the U.S. will take a softer stance on countries that import oil from Iran once sanctions on its energy sector go back into effect in November. AP Benchmark U.S. crude fell 18 cents to $67.88 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell 4.2 percent to $68.06 in New York on Monday. Brent crude, used to price international oils, gained 5 cents to $71.89 per barrel. The dollar rose to 112.41 yen from 112.30 yen late Monday. The euro was nearly flat at $1.1713.

Japan, EU trade deal sans nearly all tariffs

TOKYO — The European Union and Japan are signing a widespread trade deal Tuesday that will eliminate nearly all tariffs, seemingly defying the worries about trade tensions set off by President Donald Trump’s policies. The signing in Tokyo for the deal, largely reached late last year, is ceremonial. It was delayed from earlier this month because Japanese Prime Minister Shinzo Abe canceled going to Brussels over a disaster in southwestern Japan, caused by extremely heavy rainfall. More than 200 people died from flooding and landslides. European Council President Donald Tusk and European Commission President Jean-Claude Juncker, who arrived Monday, will also attend a gala dinner at the prime minister’s official residence. Both sides are heralding the deal, which covers a third of the global economy and more than 600 million people. Prices of European wine and pork will fall for Japanese consumers. Japanese machinery parts, tea and fish will get cheaper for Europe. The deal eliminates about 99 percent of the tariffs on Japanese goods to the EU, but remaining at around 94 percent for European imports into Japan for now and rising to 99 percent over the years. The difference is due to exceptions such as rice, a product that’s culturally and politically sensitive and has been protected for decades in Japan. The major step toward liberalizing trade was discussed in talks since 2013 but is striking in the timing of the signing, as China and the US are embroiled in trade conflicts. The US is proposing 10 percent tariffs on a $200 billion list of Chinese goods. That follows an earlier move by Washington to impose 25 percent tariffs on $34 billion of Chinese goods. Beijing has responded by imposing identical penalties on a similar amount of American imports.
Scroll to top