Tesla shares fall as Musk's 'America Party' riles investorsNew Foto - Tesla shares fall as Musk's 'America Party' riles investors

LONDON (Reuters) -Tesla shares fell over 3% on Monday, under pressure from investor concerns about the focus of boss Elon Musk after he announced he would form a new U.S. political party, marking a new escalation in his feud with President Donald Trump. Tesla stock fell over 3% in Frankfurt, pointing to another decline once premarket trading gets underway following the three-day weekend for Independence Day. Veteran tech analyst Dan Ives of Wedbush said Musk was Tesla's "biggest asset" and his decision to dive deeper into politics would likely put the company's shares under pressure. "Tesla needs Musk as CEO and its biggest asset and not heading down the political route yet again...while at the same time getting on Trump's bad side," Ives said in a note on Sunday. "It would also not shock us if the Tesla board gets involved at some point given the political nature of this endeavour depending on how far Musk takes it." Trump on Sunday called Musk's plans to form the "America Party" "ridiculous," launching new barbs at the tech billionaire and saying the Musk ally he once named to lead NASA would have presented a conflict of interest given Musk's business interests in space. (Reporting by Amanda Cooper; Editing by Alun John)

Tesla shares fall as Musk's 'America Party' riles investors

Tesla shares fall as Musk's 'America Party' riles investors LONDON (Reuters) -Tesla shares fell over 3% on Monday, under pressur...
Russian President Vladimir Putin dismisses transport minister StarovoitNew Foto - Russian President Vladimir Putin dismisses transport minister Starovoit

MOSCOW (Reuters) -Russian President Vladimir Putin fired his transport minister on Monday, according to a presidential decree, removing Roman Starovoit from his post after just over a year in the job. No reason was given for Starovoit's unexpected dismissal. He was appointed transport minister in May 2024 after spending almost five years as governor of Russia's western Kursk region. A few months after vacating that role, Ukrainian troops spilled over the border into Kursk as Kyiv launched its biggest incursion into Russian territory since the start of the war in 2022. Starovoit's predecessor as transport minister, Vitaly Savelyev, became a deputy prime minister. According to the Vedomosti daily newspaper, Starovoit's replacement could be his deputy minister Andrei Nikitin, who was formerly governor of the Novgorod Region. Prior to serving as a regional governor, Starovoit had worked in the transport sector, leading Russia's federal roads agency Rosavtodor for six years. (Reporting by Reuters, Gleb Stolyarov, Anastasia Teterevleva; Writing by Alexander Marrow; editing by Andrew Osborn)

Russian President Vladimir Putin dismisses transport minister Starovoit

Russian President Vladimir Putin dismisses transport minister Starovoit MOSCOW (Reuters) -Russian President Vladimir Putin fired his transpo...
New Memo Rebuts Epstein Conspiracies: What to KnowNew Foto - New Memo Rebuts Epstein Conspiracies: What to Know

Jeffrey Epstein, left, and Donald Trump together at Mar-a-Lago in Palm Beach, Fla., in 1997. Credit - Davidoff Studios—Getty Images The 2019deathin jail of convicted sex offender Jeffrey Epstein, a billionaire financier connected with some of the most powerful people in the world and who was facing trial on sex trafficking charges, has long been the subject of fascination and conspiracy theories, especially by the right. Some were convinced he was killed in an effort to keep concealed a "list" of his high-profile co-conspirators, despite longtime observers repeatedly indicating thatno such list existed. President Donald Trump said during his 2024 campaign that he'd publicly release such records if he was elected again. But after he returned to office, his Administrationdisappointed anticipatorsof the so-called "Epstein Files" when ittouteda batch of mostly already public records, despite Attorney General Pam Bondi having previously said that the client list was "sitting on my desk right now to review." Bondi at the timeblamed the FBIfor not abiding by her directive to provide the "full and complete" set of Epstein-related documents in the government's possession, and right-wing conspiracy theorists have sinceturned onFBI DirectorKash Pateland Deputy DirectorDan Bongino, both of whom had previously promoted Epstein-related conspiracy theories, for supposedly succumbing to the so-called "Deep State" since taking up their roles. After Trump'sally-turned-criticElon Muskleft the Administrationat the end of May, Musk fueled further conspiracy theories and calls for transparency when hesuggestedthat Trump was implicated in unreleased Epstein files. "That is the real reason they have not been made public," Musk wrote in asince-deletedpost on X. (Trump has repeatedly denied wrongdoing in his associations with Epstein.) But a new Justice Department and FBI memo, obtained byAxiosandABC News, aims to put the Epstein conspiracy theories to rest, asserting that there is no evidence that the man who "harmed over one thousand victims" was murdered, engaged in blackmail, or kept a client list. The memo cited and provided links hosted on the justice.gov website to video footage of the Manhattan facility where Epstein was detained when he died. The Justice Department and FBI did not immediately confirm nor deny the authenticity of the memo, which was unsigned and undated. TIME has reached out to both for comment. "One of our highest priorities is combatting child exploitation and bringing justice to victims," the memo stated. "Perpetuating unfounded theories about Epstein serves neither of those ends." "We did not uncover evidence that could predicate an investigation against uncharged third parties," the memo also stated, adding that "no further disclosure would be appropriate or warranted." Already, the memo has incited furious reactions on the right. "So Epstein was trafficking these underage girls to nobody? Is Pam Bondi serious?" conservative activist Robby Starbuckpostedon X. "What Epstein and his ilk did was pure evil and this memo attempts to just close the book on it like there's no one else involved." "At this point, it goes FAR beyond simply being DUPED…"postedThe Patriot Voice founder John Sabal, who is also known as QAnon John. "This is the Trump Administration SPITTING IN EVERYONE'S FACE & CURB STOMPING MAGA/EPSTEIN VICTIMS." Contact usatletters@time.com.

New Memo Rebuts Epstein Conspiracies: What to Know

New Memo Rebuts Epstein Conspiracies: What to Know Jeffrey Epstein, left, and Donald Trump together at Mar-a-Lago in Palm Beach, Fla., in 19...
With sanctions lifted, Syria looks to solar power as more than a patchwork fix to its energy crisisNew Foto - With sanctions lifted, Syria looks to solar power as more than a patchwork fix to its energy crisis

DAMASCUS, Syria (AP) — Abdulrazak al-Jenan swept the dust off his solar panel on his apartment roof overlooking Damascus. Syria's largest city was mostly pitch-black, the few speckles of light coming from the other households able to afford solar panels, batteries, or private generators. Al-Jenan went thousands of dollars in debt to buy his solar panel in 2019. It was an expensive coping mechanism at the time, but without it, he couldn't charge his phone and run the refrigerator. Syria has not hadmore than four hours of state electricity per dayfor years, as a result of the nearly 14-year civil war that ended with the ouster offormer President Bashar Assadin December. Syria's new leaders are hoping renewable energy will now become more than a patchwork solution. Investment is beginning to return to the country withthe lifting of U.S. sanctions, and major energy projects are planned, including an industrial-scale solar farm that would secure about a tenth of the country's energy needs. "The solution to the problem isn't putting solar panels on roofs," Syria's interim Energy Minister Mohammad al-Bashir told The Associated Press. "It's securing enough power for the families through our networks in Syria. This is what we're trying to do." Restoring the existing energy infrastructure Some of the efforts focus on simply repairing infrastructure destroyed in the war. The World Bank recently announced a $146 million grant to help Syria repair damaged transmission lines and transformer substations. Al-Bashir said Syria's infrastructure that has been repaired can provide 5,000 megawatts, about half the country's needs, but fuel and gas shortages have hampered generation. With the sanctions lifted, that supply could come in soon. More significantly, Syria recently signed a $7 billion energy deal with a consortium of Qatari, Turkish, and American companies. The program over the next three and a half years would develop four combined-cycle gas turbines with a total generating capacity estimated at approximately 4,000 megawatts and a 1,000-megawatt solar farm. This would "broadly secure the needs" of Syrians, said Al-Bashir. While Syria is initially focusing on fixing its existing fossil fuel infrastructure to improve quality of life, help make businesses functional again, and entice investors, the U.N. Development Program said in May that a renewable energy plan will be developed in the next year for the country. The plan will look at Syria's projected energy demand and determine how much of it can come from renewable sources. "Given the critical role of energy in Syria's recovery, we have to rapidly address energy poverty and progressively accelerate the access to renewable energy," Sudipto Mukerjee, UNDP's resident representative in Syria, said in a statement announcing the plan. Sanctions crippled the power grid While the war caused significant damage to Syria's infrastructure, cripplingWashington-led sanctions imposedduring the Assad dynasty's decades of draconian rule made it impossible for Syria to secure fuel and spare parts to generate power. "Many companies over the past period would tell us the sanctions impact matters like imports, implementing projects, transferring funds and so on," al-Bashir said. During a visit to Turkey in May, the minister said Syria could only secure about 1700 megawatts, a little less than 20%, of its energy needs. A series of executive orders by U.S. President DonaldTrump lifted many sanctionson Syria, aiming to end the country's isolation from the global banking system so that it can become viable again and rebuild itself. The United Nations estimates the civil war caused hundreds of billions of dollars in damages and economic losses across the country. Some 90% of Syrianslive in poverty. Buying solar panels, private generators or other means of producing their own energy has been out of reach for most of the population. "Any kind of economic recovery needs a functional energy sector," said Joseph Daher, Syrian-Swiss economist and researcher, who said that stop-gap measures like solar panels and private generators were luxuries only available to a few who could afford it. "There is also a need to diminish the cost of electricity in Syria, which is one of the most expensive in the region." Prices for electricity in recent years surged as the country under its former rulers struggled with currency inflation and rolling back on subsidies. The new officials who inherited the situation say that lifting sanctions will help them rectify the country's financial and economic woes, and provide sufficient and affordable electricity as soon as they can. "The executive order lifts most of the obstacles for political and economic investment with Syria," said Qutaiba Idlibi, who leads the Americas section of the Foreign Ministry. Syria has been under Washington-led sanctions for decades, but designations intensified during the warthat started in 2011. Even with some waivers for humanitarian programs, it was difficult to bring in resources and materials to fix Syria's critical infrastructure — especially electricity — further compounding the woes of the vast majority of Syrians, who live in poverty. The focus is economic recovery The removal of sanctions signals to U.S. businesses thatTrumpis serious in his support for Syria's recovery, Idlibi said. "Right now, we have a partnership with the United States as any normal country would do," he said. Meanwhile, Al-Jenan is able to turn on both his fans on a hot summer day while he watches the afternoon news on TV, as the temperature rises to 35 degrees Celsius (95 F). He doesn't want to let go of his solar panel but hopes the lifting of sanctions will eventually bring sustainable state electricity across the country. "We can at least know what's going on in the country and watch on TV," he said. "We really were cut off from the entire world." ___ Chehayeb reported from Beirut.

With sanctions lifted, Syria looks to solar power as more than a patchwork fix to its energy crisis

With sanctions lifted, Syria looks to solar power as more than a patchwork fix to its energy crisis DAMASCUS, Syria (AP) — Abdulrazak al-Jen...
Turkey's pro-Kurdish party will meet with President ErdoganNew Foto - Turkey's pro-Kurdish party will meet with President Erdogan

ISTANBUL (Reuters) -Turkey's pro-Kurdish DEM party will meet President Tayyip Erdogan on Monday, seeking to move along a peace process between the Turkish state and the Kurdistan Workers Party (PKK) militant group. DEM, the country's third-biggest party and which has played a key role facilitating the PKK's disarmament decision in May, said it met PKK leader Abdullah Ocalan in prison on Sunday. "(Ocalan) he said he attaches great importance to our delegation's meeting with the president described it as historic," the party said in a statement. The PKK, which has been locked in a bloody conflict with the Turkish state for more than four decades, decided in May to disband and end its armed struggle. The PKK could start handing over its weapons in the coming days, officials and sources said. President Erdogan will receive DEM Party leaders and delegation in Ankara at 1200 GMT. They are expected to discuss the recent developments in the PKK disarmament process. Since Ocalan's public call to his PKK in February, DEM has held talks with Erdogan and other government officials seeking to propel the potential peace process. Since the PKK launched its insurgency against Turkey in 1984 - originally with the aim of creating an independent Kurdish state - the conflict has killed more than 40,000 people, imposed a huge economic burden and fuelled social tensions. (Reporting by Ezgi Erkoyun and Zeynep Berkem; Editing by Michael Perry)

Turkey's pro-Kurdish party will meet with President Erdogan

Turkey's pro-Kurdish party will meet with President Erdogan ISTANBUL (Reuters) -Turkey's pro-Kurdish DEM party will meet President T...

 

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