A small village in Gruyèreis hosting the first drive-in classical music festival in Switzerland, where attendees enjoy live music by internationally renowned artists while respecting the social distancing rules.
Dollar weakness was a big factor behind gold's takeoff, analysts said, as the greenback continued its retreat against the euro and other major currencies. The fall in the US currency comes amid expectations that the Federal Reserve will keep interest rates lower for longer and that the economy could underperform those in other regions due to the coronavirus. The gold price hit an all-time high of $1,945.72 per ounce, well above its previous record of $1,921.18 in 2011.
Honduras said on Monday it had seized 900 kilos (1,984 pounds) of cocaine in a joint operation with Colombia. Military and police authorities intercepted a fishing boat on Sunday in the eastern department of Gracias a Dios. The cocaine was stashed in hidden compartments, the armed forces said.
A Malaysian court will hand down its verdict in Najib Razak's first corruption trial Tuesday following a long-running case probing the former prime minister's role in the multi-billion-dollar 1MDB scandal. Najib and his inner circle are accused of plundering sovereign wealth fund 1Malaysia Development Berhad in a fraud that stretched around the world. Stolen cash was used to buy high-end real estate, pricey art and fund a Hollywood blockbuster, while investment titan Goldman Sachs also became embroiled in the controversy.
President Donald Trump on Monday named an outspoken critic of US military deployments as ambassador to Germany, as he moves to pull troops from the NATO ally. The White House said that Trump had nominated retired colonel Douglas Macgregor, a frequent commentator on Fox News who has written about German military history.
Brazilian firm JBS, the world's biggest meat processing company, was again accused Monday of "laundering" cattle from ranches blacklisted for destroying the Amazon rainforest. The charge, leveled in a report by an investigative journalism consortium, marks at least the fifth time in just over a year that the company, which exports around the world, has been accused of cattle laundering.
Lanzone, who most recently served as an executive-in-residence at Benchmark Capital, will succeed Elie Seidman, who is stepping down. Lanzone's appointment is effective Aug. 3 and he will report to Match Group CEO, Shar Dubey.
Lawyers for Huawei executive Meng Wanzhou on Monday demanded the release of unredacted Canadian spy service documents they say would reveal a plot between the FBI and Canada to "trick" their client. Meng, the Chinese telecom giant's chief financial officer, was arrested on a US warrant in December 2018 during a stopover in Vancouver. During a videoconference hearing before a federal court in Ottawa, Meng's lawyers demanded full publication of several documents that had been redacted before and after arrest.
The International Monetary Fund on Monday said it had approved $4.3 billion in aid to South Africa to help it fight the coronavirus pandemic. "The IMF approved $4.3 billion in emergency financial assistance under the Rapid Financing Instrument (RFI) to support the authorities' efforts in addressing the challenging health situation and severe economic impact of the COVID-19 shock," the Washington-based crisis lender said in a statement.
Despite its name, Fluffy has no fur. With an accurate camera scan, "we can build those pieces within the workstation, and we can see if there's any interferences or if everything new is going to fit," said Mark Goderis, Ford's advanced manufacturing center digital engineering manager. Fluffy, controlled by an engineer with a handheld device, can travel up to 3 miles per hour (4.8 kph) for about two hours on its battery.
Officials around the world reintroduced a raft of restrictions Monday -- from beach closures to quarantine measures -- to try to damp down coronavirus hotspots as the official death toll passed 650,000. European countries trying to repair the economic damage caused by the earlier lockdowns, struggled to balance keeping the lifeline of tourism open while guarding against fresh flare-ups of infection. Spain's tourism industry faced fresh misery after British travellers -- and one major tour operator -- cancelled flights there following London's decision to reintroduce quarantine for travellers returning from the country.
Italy's government is studying a plan to create a single ultra-fast broadband network that could initially be majority-owned by phone incumbent Telecom Italia (TIM) but would grant equal access to all market players, a person close to the matter told Reuters. Rome is trying to broker a deal between former phone monopoly TIM and Open Fiber, which is controlled by utility Enel and state lender CDP, to merge their fibre assets and create a national champion. TIM, which has both a retail and a wholesale arm, has repeatedly said it wants to keep control of any merged entity with Open Fiber, while European regulations favour the adoption of a non-vertically integrated model outside TIM's control.
As one of the world's top tourist destinations, Spain was hoping to salvage the summer by billing itself as a safe haven from the pandemic but with infections surging, all bets are off. Britain's decision late Saturday to impose quarantine on all travellers coming from Spain represents a huge setback -- British tourists are the largest national group of visitors, with 18 million of them taking a Spanish holiday in 2019. "It's a very tough blow" given that the tourist sector "had hoped to be able to turn things around in August," Ximo Puig, the Valencian regional president told Cadena Ser radio.
West African leaders on Monday called for the swift creation of a unity government in Mali and a fresh vote after disputed elections, but warned of sanctions against those opposing efforts to end the country's crisis. In a statement issued after a video conference, heads of the 15-nation regional bloc ECOWAS stood by President Ibrahim Boubacar Keita but called for a unity government to be "established rapidly" and urged the opposition to join it. Ministers in charge of defence, justice, foreign affairs, national security and finance would be appointed before the unity government is created.
For half a century, Richard Nixon's opening to communist China has been viewed by many Americans as a diplomatic masterstroke, with successive presidents of both parties following his course. US hawks have now revived an alternative view -- that normalization was a mistake that, in the view of Secretary of State Mike Pompeo, set the stage for an aggressive China and soaring tensions between Washington and Beijing. It all began in 1971 with secret trips to Beijing by Henry Kissinger, Nixon's national security advisor.
Coordinators of a global coronavirus vaccines funding scheme are looking at a wide range of potential prices for COVID-19 shots, with a reported $40 per dose price tag the "highest number" in that range, one of the co-leads of the project said on Monday. Seth Berkley, chief executive of the GAVI vaccine alliance, which is co-leading the COVAX facility designed to ensure fair global access to COVID-19 shots, said the facility had no specific target price and would also seek to negotiate tiered pricing for richer and poorer countries. Berkley rejected comments from European Union sources last week who said the COVAX facility was targeting a $40 price for COVID vaccines for wealthy countries.
Comcast unit SKY <CMCSA.O>, utility A2A <A2.MI> and state agency Invitalia are considering investing in an Italian single ultra-fast broadband network, two sources told Reuters, as Rome steps up efforts to close the digital gap with the rest of Europe. Former phone monopoly Telecom Italia (TIM) <TLIT.MI>, partly owned by state lender CDP, has been in talks for months over a merger of its fibre assets with those of smaller rival Open Fiber, controlled by Italian utility Enel <ENEI.MI> and CDP.
As the coronavirus ravages Florida, healthcare workers in Miami hospitals are struggling to cope with the emotional and physical impact of treating a crushing wave of COVID-19 patients. “I know, and my colleagues know, that we’re putting a Band-Aid on a problem, we’re supporting people as best we can to get them through, but the real fight happens outside,” said Dr. Eric Knott, a pulmonary and critical care fellow working in three of Miami’s largest hospitals. For Miami doctors, concerns about the virus far surpass those stirred up by even the largest hurricanes.
Germany will make coronavirus tests mandatory for travellers returning from at-risk areas, Health Minister Jens Spahn said Monday, as fears grow over rising case numbers blamed on summer holidays and local outbreaks. The debate around coronavirus testing intensified over the weekend after Germany's 16 states agreed on Friday for free tests for all returning travellers, but had stopped short of making the tests mandatory.
After the disappointment of seeing the Mexican Formula One Grand Prix canceled this year due to the coronavirus pandemic, the Mexico City government has turned its F1 track into a drive-in cinema. On a rainy Sunday, dozens of people drove up to Turn Four of the Autodromo Hermanos Rodriguez in Mexico City, which has been temporarily converted into the Autocinema Mixhuca. The cinema allows movie goers to maintain social distancing while enjoying exclusively Mexican films.
Donald Trump's national security advisor tested positive for COVID-19 Monday, as the president prepared to visit a North Carolina facility where one of the leading vaccine candidates is being manufactured. National security advisor Robert O'Brien is the latest and most senior White House aide to contract the virus. Others who have been previously infected include Vice President Mike Pence's spokeswoman Katie Miller, and Kimberly Guilfoyle, a top fundraiser for the Trump campaign and girlfriend of Donald Trump Jr. The United States is by far the worst-hit country in the world, with more than 4.2 million confirmed cases and nearly 150,000 deaths.