Yahoo News - Latest News & Headlines

Mohamed Morsi and the fall of Egypt’s ‘honorable’ revolution
Egypt’s first democratically elected president, who died during a courtroom appearance on Monday, was a figure who did not produce the greatness his era demanded. Mohamed Morsi will be remembered as the Islamist who could never live up to the task of pulling Egypt from decades of dictatorship into a 21st century democracy following the 2011 popular overthrow of Hosni Mubarak.

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Can the US protect the Persian Gulf if Iran wants to target tankers?
Tensions between the United States and Iran are rising due to a rash of attacks on a half-dozen oil tankers traveling through the Persian Gulf region over the past several weeks. Most recently, two tankers in the Gulf of Oman were struck by explosions on June 13. President Donald Trump has blamed Iran for the incidents, and the Pentagon released grainy video footage it says shows Iranian forces removing a limpet mine from the side of one of the ships.

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Facebook banks on a globe-uniting currency
On Tuesday, Facebook announced a project to launch a digital currency next year that founder Mark Zuckerberg hopes will help build a “common global community.” More than 2 billion users on Facebook’s many platforms will be able to make payments, send money, and conduct other financial transactions through a new cryptocurrency called Libra. Unlike Bitcoin and other virtual currencies which rely a closed digital system called blockchain, the new “stablecoin” will be a “public good” and reliable, according to Facebook.

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Yahoo! Sports - News, Scores, Standings, Rumors, Fantasy Games

Finally, a nice night for U.S. men's soccer
After so much negativity surrounding the USMNT, Monday's Gold Cup opener against Guyana was a chance to generate some positive vibes.

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ESPN condemns LaVar Ball's gross comment to Molly Qerim on 'First Take'
And while he was in the process of loudly talking over every single question that was asked of him, he couldn't stop himself from making host Molly Qerim extremely uncomfortable. As Ball was blathering, Qerim interjected to try and get the segment to look more like an interview and less like the ramblings of an increasingly delusional basketball dad. She said, “LaVar, can I switch gears with you because I have a question here.

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Kendrick Perkins hints at more big moves for Lakers after Anthony Davis trade
Kendrick Perkins hints at more big moves for Lakers after Anthony Davis trade originally appeared on nbcsportsboston.com The Los Angeles Lakers pulled off a blockbuster trade Saturday night by agreeing to acquire superstar center Anthony Davis from the New Orleans Pelicans, and one former Boston Celtics player doesn't think the Purple and Gold are done making impactful moves. Kendrick Perkins, who won a championship with the Celtics in 2008 as their starting center, hinted at more fireworks from the Lakers in a tweet Saturday.

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Yahoo News - Latest News & Headlines

Asian shares up on trade optimism as Trump hints of Xi talks
Asian shares were mostly higher Wednesday on optimism about trade after President Donald Trump said he will talk with the Chinese leader later this month in Japan. Japan's benchmark Nikkei 225 added 1.7% to finish at 21,333.87. Markets also got a boost after the head of the European Central Bank said it was ready to cut interest rates and provide additional economic stimulus if necessary.

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Iraq Rocket Explodes Near Exxon Oil Field Workers' Camp
(Bloomberg) -- A rocket attack near an Exxon Mobil Corp. workers’ camp in southern Iraq had no effect on oil fields or exports, according to a person with knowledge of the matter.It wasn’t immediately clear whether Exxon’s operations were the target, the person said, asking not to be identified for lack of authority to speak with news media. The incident in Basra province injured two Iraqi workers, prompting Exxon to evacuate 20 foreign employees, Sky News Arabia reported earlier, citing unidentified local officials.Attacks on energy facilities, including a Saudi Arabian pipeline and several oil tankers, as well as a U.S. military buildup are stoking fears that the Middle East may be heading toward another conflict. The U.S. ordered its non-emergency government staff to leave Iraq last month amid increasing regional tensions that American officials blame on Iran.While oil prices spiked immediately after the June 13 attacks on two tankers near the Strait of Hormuz, crude is down over the past month on concerns over waning demand. Brent crude in London pared earlier losses to trade 0.3% higher at $62.34 a barrel as of 11:00 a.m. Dubai time. “A quite considerable ratcheting of tensions will be required to drive prices higher,” according to BloombergNEF. U.S. WarningThe U.S. sent a warning to Iran through Swiss and Iraqi intermediaries against engaging American forces, General Paul Selva, vice chairman of the Joint Chiefs of Staff, said on Tuesday in Washington. “We’ve used them all to say ‘hands-off, don’t come after our forces,’” Selva said.Exxon pulled about 80 people from Iraq last month, raising the ire of Iraq’s oil minister who said the decision was “unacceptable and unwarranted” because it had nothing to do with the security situation in the south of the country. The company returned some of its workers on May 31 after boosting security at the site.An Exxon spokesman in Singapore wasn’t immediately able to comment. Iraq’s State Oil Marketing Co. didn’t immediately respond to requests for comment.Iraq, which has enjoyed relative calm after the Islamic State insurgency receded there in 2017, has suffered a spate of low-level attacks in recent weeks. A shell exploded near the U.S. embassy in May. Rockets on Tuesday hit an official compound in the northern Iraqi city of Mosul and the Taji Military camp near Baghdad, both of which house American military advisers, according to local press reports.Exxon operates the West Qurna-1 oil field in Basra, which pumps between 450,000 and 480,000 barrels a day. The region is responsible for the bulk of Iraq’s crude output.Royal Dutch Shell Plc, which has operations near Exxon, said in a statement that it wasn’t “subject to the attack” and its output hasn’t been interrupted.(Updates with other attacks in third paragraph; U.S. warning Iran in fifth.)\--With assistance from Dan Murtaugh and Abbas Al Lawati.To contact the reporter on this story: Khalid Al-Ansary in Baghdad at kalansary@bloomberg.netTo contact the editors responsible for this story: Alaa Shahine at asalha@bloomberg.net, ;Nayla Razzouk at nrazzouk2@bloomberg.net, Mohammed Aly Sergie, Bruce StanleyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

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Imagine Owning Defenx (LON:DFX) And Taking A 96% Loss Square On The Chin
Every investor on earth makes bad calls sometimes. But really big losses can really drag down an overall portfolio. So...

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