Tuesday, May 5

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Californians flee to higher ground as quake prompts tsunami warning
World News

Californians flee to higher ground as quake prompts tsunami warning

By Abhirup Roy and Andrew Hay for Reuters Photo: USGS/Supplied A large magnitude 7 earthquake hit off a sparsely populated stretch of northern California coast on Thursday, prompting coastal towns to evacuate low-lying areas amid a tsunami warning that was later cancelled. No deaths or injuries were reported. The National Weather Service said that the tsunami warning that extended along 800km of the California and Oregon coasts was called off about 90 minutes after the earthquake struck. The Zoo has closed due to national weather emergency and tsunami warning. Guests have been evacuated, animals secured and staff have moved to higher ground.— San Francisco Zoo & Gardens (@sfzoo) December 5, 2024 The quake, which hit at a shallow depth of 10km was centred about 63km west of t...
McKinsey unit settles claims it bribed South African officials
Business

McKinsey unit settles claims it bribed South African officials

This photograph shows a logo of American multinational corporation McKinsey & Company on the first day of the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 26, 2024. Pau Barrena | Afp | Getty ImagesA subsidiary of top global consulting firm McKinsey & Company agreed to pay nearly $123 million to settle claims that it bribed government officials in South Africa, the U.S. Department of Justice said Thursday.Federal prosecutors also unsealed a 2022 guilty plea by Vikas Sagar, a former senior partner at McKinsey who worked in the subsidiary's South Africa office. Sagar, 56, of Johannesburg, pleaded guilty in U.S. District Court for the Southern District of New York, to one count of conspiracy to violate the Foreign Corrupt Practi...
Fewer low-altitude clouds may explain ‘missing’ 0.2C of warming from Earth’s hottest year: study
World News

Fewer low-altitude clouds may explain ‘missing’ 0.2C of warming from Earth’s hottest year: study

By Peter de Kruijff, ABC environment reporter All clouds have some level of cooling effect on the planet. Photo: Bruce Rolff A drop in the number of low-altitude clouds was behind unexplained warming that contributed to the world's hottest year on record, a new study suggests. The record-breaking heat of 2023, which saw the planet warm an average 1.45 degrees Celsius over pre-industrial surface temperatures, took many climate scientists by surprise. Their closest predictions, which simulated the effects of human-created warming and other known drivers, were around 0.2C lower than observed temperatures. Experts could not fully explain the extra heat source at the time. Now research published in Science today suggests the missing warming mechanism from the prediction models was a low i...
Does the market want a strong or weak jobs report? Traders aren’t sure
Business

Does the market want a strong or weak jobs report? Traders aren’t sure

When it comes to the jobs report Friday, investors can't seem to make up their mind what they want. The November nonfarm payrolls report is one of the last major economic data points before the Federal Reserve holds its Dec. 17-18 meeting, at which the central bank is widely expected to squeeze in one more rate cut before the end of the year. But whether a weak or strong number come Friday will be better for the interest rate outlook, and for markets, is unclear, with observers on both sides of the argument. The U.S. economy is expected to have added 214,000 jobs last month, according to the consensus among economists polled by Dow Jones. .SPX YTD mountain S & P 500 John Flood, head of Americas equities sales trading for Goldman Sachs Global Banking & Markets, said Tuesday he expec...
New evidence and images provide clues in hunt for gunman responsible for killing UnitedHealthcare CEO
World News

New evidence and images provide clues in hunt for gunman responsible for killing UnitedHealthcare CEO

NYPD release photos of suspected gunman without mask Photo: NYPD By Karina Tsui, John Miller and Brynn Gingras of CNN Words written on ammunition. A smiling surveillance photo. A discarded water bottle. A dropped cell phone. These are among the key pieces of evidence providing clues for police more than 24 hours into a hunt for the man who gunned down a healthcare executive Wednesday before seemingly disappearing into the city. UnitedHealthcare CEO Brian Thompson was killed on a busy Midtown Manhattan street in a targeted early morning attack. A shell casing from one of the bullets fired into his body had the word "depose" written on it. "Delay" was written on a live round that was ejected when the shooter appeared to be clearing a jam. Police are exploring whether the words found indic...
Patrick Brown says foreign interference did not affect Tory leadership race outcome
Politics

Patrick Brown says foreign interference did not affect Tory leadership race outcome

By Kyle Duggan The Canadian Press Posted December 5, 2024 6:14 pm 1 min read Descrease article font size Increase article font size Brampton Mayor Patrick Brown said foreign interference did not tip the scales in the Conservative party’s last leadership race that installed Pierre Poilievre at the helm. Brown, who was a candidate for the leadership at the time, was summoned to a House of Commons committee to answer questions on the 2022 race after a report from a committee on national security cited Indian interference in an unspecified Conservative leadership campaign.“I don’t believe foreign intervention affected the final out...
Ulta Beauty (ULTA) earnings Q3 2024
Business

Ulta Beauty (ULTA) earnings Q3 2024

Ulta Beauty on Thursday beat Wall Street's fiscal third-quarter expectations, fending off fears of fiercer competition and slowing demand for makeup and skincare.The retailer hiked its full-year outlook slightly to reflect the better-than-expected results. For the fiscal year, it said it now expects net sales to range from $11.1 billion to $11.2 billion, compared with its previous guidance for $11 billion to $11.2 billion.It said it now expects full-year earnings per year to range from $23.20 to $23.75, up from $22.60 to $23.50. For the full year, the comparable sales forecast ranges from a decline of 1% to flat. The comparable sales metric tracks sales at Ulta stores open at least 14 months along with online sales,Despite the raised outlook, the company expects holiday-quarter comparable ...
France’s Macron vows to stay on, promises PM to be named in ‘coming days’
World News

France’s Macron vows to stay on, promises PM to be named in ‘coming days’

By Francesco Fontemaggi, Stuart Williams and Alice Hackman for AFP Emmanuel Macron has adopted a defiant tone in an address to the nation, promising to see out his full term as France's president. Photo: Xose Bouzas / Hans Lucas via AFP President Emmanuel Macron on Thursday vowed to name a new prime minister in the coming days to prevent France from sliding deeper into political turmoil, rejecting growing pressure from the opposition to resign. Macron adopted a defiant tone in an address to the nation, seeking to limit an escalating political crisis after Prime Minister Michel Barnier's government was ousted in a historic no-confidence vote. Contemporary France's shortest-serving premier, Barnier resigned after Wednesday's parliamentary defeat in a standoff over the budget forced his...
Feds say these banned firearms are for battlefields, and may go to Ukraine – National
Politics

Feds say these banned firearms are for battlefields, and may go to Ukraine – National

By Jim Bronskill The Canadian Press Posted December 5, 2024 4:55 pm Updated December 5, 2024 4:56 pm 1 min read Descrease article font size Increase article font size The Liberal government has outlawed another 324 firearm varieties — guns it says belong on the battlefield, not in the hands of hunters or sport shooters. The move follows the May 2020 ban of 1,500 makes and models of firearms, a number that grew to more than 2,000 by November of this year as new variants were identified.The latest prohibition of ...
Israel rejects Amnesty genocide claim as ‘no surprise’ and ‘fake news’ | World News
Business

Israel rejects Amnesty genocide claim as ‘no surprise’ and ‘fake news’ | World News

Israel has dismissed allegations it is committing genocide in Gaza, saying the claims from Amnesty International are "no surprise".Government spokesman David Mencer called it "fake news" and told Sky's Mark Austin the human rights group's "raison d'etre is to criticise Israel - they do that at every opportunity and this is sadly just another example". Amnesty accused Israel of trying to deliberately destroy Palestinians by launching deadly attacks, demolishing infrastructure and preventing food, medicine and aid deliveries.It said such actions met the legal threshold for genocide and was not justified as a response to last year's Hamas terror attack - which killed around 1,200 Israelis and saw about 250 taken hostage. X This content i...