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In response to recent tragedies, JPMorgan Chase and Bank of America are implementing new policies to limit junior bankers' working hours. JPMorgan will cap hours at 80 per week, while Bank of America will introduce a detailed timekeeping tool. These changes follow the death of a junior banker earlier this year.
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On August 23, 2024, Italian rescuers recovered the body of the last missing passenger from the superyacht Bayesian, which sank off Sicily earlier this week. The death toll now stands at seven, including the daughter of tech entrepreneur Mike Lynch. A judicial investigation is underway into the incident.
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On August 23, 2024, the US imposed extensive sanctions on nearly 400 individuals and entities linked to Russia's military efforts in Ukraine. This action aims to disrupt supply chains supporting Russia's war, as China expresses strong opposition to the sanctions affecting its companies. The geopolitical tensions continue to escalate.
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On August 25, 2024, a Russian missile strike hit the Hotel Sapphire in Kramatorsk, Ukraine, injuring two journalists and leaving one missing. Concurrently, Ukrainian shelling in Russia's Belgorod region resulted in six civilian deaths. The ongoing conflict continues to escalate with significant casualties on both sides.
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Ryan Evans, a 38-year-old British safety adviser for Reuters, was killed in a missile strike on Hotel Sapphire in Kramatorsk, Ukraine, on August 24, 2024. The attack, attributed to a Russian missile, also injured two journalists. Ukrainian President Zelensky condemned the strike as deliberate targeting of civilians.
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On September 10, 2024, Ukraine executed a significant drone attack on Moscow, resulting in the death of a woman and damage to residential buildings. Russian air defenses claimed to have shot down 144 drones, disrupting air traffic at major airports. This marks one of the largest drone assaults on Russian territory since the war began.
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Mark Cameron Roscaleer, a British inmate, is among five prisoners who escaped from the high-security Vale de Judeus prison in Portugal on Saturday. The escape involved external assistance, allowing the inmates to scale the prison wall. Authorities have warned the public about the dangerous fugitives as a manhunt is underway.
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Rupert Murdoch's attempt to amend his family trust to ensure his son Lachlan retains control over his media empire is under scrutiny in a closed court hearing. The case has drawn significant media attention due to its implications for the future of influential outlets like Fox News and The Wall Street Journal.
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PwC's China unit has been fined 441 million yuan and suspended for six months due to its audit failures related to the collapsed property developer Evergrande. The penalties stem from serious misstatements in Evergrande's financial statements from 2018 to 2020, which PwC failed to identify. This marks a significant regulatory crackdown on accounting firms in China.
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Donald Trump faced a second assassination attempt while golfing in West Palm Beach, Florida, on September 15, 2024. The Secret Service intervened after spotting a suspect armed with an AK-47-style rifle. This incident follows a previous attempt in July, raising serious concerns about security for presidential candidates as the election approaches.
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On September 17, 2024, dozens were injured in Lebanon when handheld pagers used by Hezbollah members exploded, reportedly due to an Israeli attack. The explosions caused widespread panic, with hospitals overwhelmed by casualties. This incident marks a significant security breach for Hezbollah amid ongoing conflict with Israel.
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Storm Boris has unleashed unprecedented rainfall across Central Europe, resulting in at least 20 fatalities and widespread displacement. The storm's intensity is attributed to climate change, with record moisture levels exacerbating the flooding in countries like Poland, Romania, and Austria. Emergency responses are underway as communities brace for further impacts.