Early Headlines: Hackers Ground Airliners, Gaza War Crimes, Another 48 Hours for Greece, Confederate Flag Under Attack and More

Early Bird Headlines 23 June 2015

Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.

Global

• El Nino Seen Strengthening as Pacific Warms Just Like It’s 1997 (Bloomberg) The El Nino developing across the Pacific strengthened further, according to Australia’s Bureau of Meteorology, which again highlighted patterns shown by the data that are similar to the record 1997-1998 event. See all the latest data and analysis by weather and climate economist Sig Silber in this week’s GEI Feature.
  

U.S.

• Charleston: Governor, senators join in saying Confederate flag should go (CNN) A day after thousands mourned the slayings of nine black worshippers at Charleston’s Emanuel African Methodist Episcopal Church, leaders of diverse ages, races and backgrounds came together to say a symbol of segregation has no place at the state Capitol.
  

EU

• Euro slips as market looks beyond initial progress in Greece talks (Reuters) The euro fell on Tuesday as traders looked beyond an endless stream of headlines indicating progress in Greek debt talks while the dollar gained traction from solid U.S. housing data.
  

Greece

• Greece Given 48 Hours to Reach Deal as EU Weighs Debt (Bloomberg) Greek Prime Minister Alexis Tsipras has 48 hours to bring a deal with his country’s creditors to the finish line and end a five-month standoff over aid that risks splitting the euro. After a day of marathon talks on Monday, leaders from Greece’s 18 fellow euro-zone countries agreed that Tsipras’s government was finally getting serious about striking a deal after it submitted a set of reform measures that began to converge with the terms demanded by creditors
• Psst! Here’s the secret about Greek debt drama (CNBC) The first thing to know about the Greece story is that it’s not really about Greece. Contagion risks, like those posed by the subprime mortgage meltdown in the previous decade, are at the heart of the Greek melodrama.
  

Poland

• Hackers successfully ground 1,400 passengers (CNN) The problems for passengers started at Warsaw Chopin airport after the airline says hackers breached its ground computers, which are used to issue flight plans. The grounded airline, LOT Polish Airways, told CNN because of the attack it was unable to create flight plans for outbound flights from its Warsaw hub and as a result outbound flights from Warsaw were not able to depart. Poland’s national flag carrier says it was forced to cancel 20 flights and several others were delayed on Sunday after suffering an attack on its IT system.

Ukraine

• Ukraine crisis: Yanukovych regrets bloodshed in Kiev (BBC News) Ukraine’s former President Viktor Yanukovych has said he accepts some responsibility for the killings that led to his overthrow in February 2014. He feels he did not do enough to prevent the bloodshed involving the deaths of demonstrators at the hands of security forces.

Israel

• Druze attack Israeli ambulance carrying wounded Syrians (Al Jazeera) Demonstrators from the Druze community have attacked an Israeli military ambulance carrying injured Syrians, killing one person, police said. A second Syrian being brought to hospital for treatment was in critical condition after the mob, alleging that the wounded were rebels, attacked the vehicle on Monday.

Palestine

• UN: Possible war crimes by both sides in Gaza (Al Jazeera) Independent UN investigators find that Israel and Palestinian groups committed serious abuses during 2014 conflict.

Japan

• Japan marks Battle of Okinawa anniversary (BBC News) Japan is marking the 70th anniversary of the end of the Battle of Okinawa – one of the bloodiest episodes in the Pacific during World War II.

Mexico

• Mexico to Overtake Russia by 2050 as U.S. Slides (Bloomberg) Mexico and Indonesia will displace Russia and Italy among the top 10 economies in just 35 years’ time, with China, the U.S. and India taking the top three slots, according to forecasts by the Economist Intelligence Unit. The world’s most populous nation will overtake the U.S. as early as 2026 in nominal gross domestic product in dollar terms. India and China will each be richer than the next five nations — Indonesia, Germany, Japan, Brazil, and the U.K. — combined, representing “a scale of wealth relative to the rest of the top ten that is unique in recorded history.”

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