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9th boy rescued from Thailand cave as final push begins for those remaining inside

9th boy rescued from Thailand cave as final push begins for those remaining inside

World
The final push to bring home four boys and their soccer coach by a crew of international and Thai divers began in earnest on Tuesday. Eight boys have already been brought out of the cave after over two weeks in the darkness. The ninth boy was brought out of the cave at about 4 p.m. local time, according to the Thai navy SEALs. Officials confirmed they had restarted the rescue effort for the third day at 10 a.m. local time, or 11 p.m. Eastern time the prior night. As with the previous rescue efforts, 19 divers have gone into the cave, with two divers escorting each of the boys out of the cave with tethers. "If everything goes to plan, all will come out today," an official said at a Tuesday midday press conference. "We are ready to operate completely today," Chiang Rai Province ...
US jitters at China's tech push underlies trade war

US jitters at China's tech push underlies trade war

Technology
Shenzhen is the poster boy for China's economic progress. Forty years ago it was just a cluster of small villages lying across the water from bustling Hong Kong, before it was designated China's first "special economic zone".Now it's a city of some 11 million people and a technological powerhouse - the next Silicon Valley, according to many. Image: The technological powerhouse of Shenzhen is viewed as the next Silicon Valley That also means it's the front line in the incipient US-China tariff war, which is as much about technology as it is trade.:: China accuses 'hoodlum' Trump over trade warShenzhen built its name on manufacturing cheap electronics for export.Huaqiangbei is an electronics market that sprawls across st...
Powell: 'Tariffs can push up prices' but 'too early to say' what impact will be

Powell: 'Tariffs can push up prices' but 'too early to say' what impact will be

Finance
Federal Reserve Chair Jerome Powell opted against wading too far into the tariff battle during a speech Friday, though he acknowledged it's a concern for business."It's too early to say" what effect a potential trade war between the U.S. and China would have on the economic outlook, the central bank chief said at an event in Chicago.Should the situation escalate, it could be inflationary, he added."Tariffs can push up prices, but again it's too early to say whether that's going to be something that happens or not," Powell said during a question-and-answer session that followed his first economic speech since he took the Fed reins in February.Businesses have expressed concern about the impact of a further trade battle. President Donald Trump on Thursday said the administration is looking in...
Trump proposal could push health premiums up by $2K for older Americans

Trump proposal could push health premiums up by $2K for older Americans

Finance
A federal proposal to expand short-term health plans could mean older Americans with insurance through the Affordable Care Act will pay an average of $ 2,000 more in 2019 premiums, according to the AARP.The rule proposal, issued jointly by several federal agencies last month due to a 2017 directive by President Trump, would allow short-term health-care policies to span 364 days instead of the current three months.While federal officials say the intention is to provide more affordable coverage options, critics say the move — coupled with the recent elimination of a penalty for non-coverage starting in 2019 — could drive even more young and healthy consumers away from the ACA marketplace. Short-term plans come with limited coverage and are largely unavailable to people with health problems."
Industry titans push for Forgemasters overhaul

Industry titans push for Forgemasters overhaul

Business
A trio of British industrial titans are pushing for a management overhaul at Sheffield Forgemasters, a private manufacturer which has a vital role in the UK's nuclear submarine programme.Sky News has learnt that BAE Systems, Babcock International and Rolls-Royce Holdings are engineering the search for a successor to Graham Honeyman, Forgemasters' chief executive and majority shareholder.The process is already underway, and comes as the Yorkshire-based steelmaker also hunts for a new chairman.Sources said this weekend that the Ministry of Defence (MoD) was being kept informed about the prospective management overhaul.A number of candidates, including at least one former BAE Systems executive, are understood to have been identified for the role.They added that the trio of industrial giants w...