Nova Kakhovka dam largely destroyed, flooding extensive – Maxar satellite

(Reuters) – Satellite images taken on Tuesday afternoon by Maxar Technologies showed extensive flooding in southern Ukraine with the region’s Nova Kahkovka dam and hydroelectric station largely destroyed. The critical dam, which lies along the Dnipro River in the parts of Ukraine’s Kherson region now held by Russia, collapsed on Tuesday, flooding a swathe of…

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Client exodus from PwC Australia grows as $48 billion pension fund pauses work

By Lewis Jackson SYDNEY (Reuters) – HESTA, one of Australia’s largest pension funds, on Wednesday froze work with PricewaterhouseCoopers (PwC) Australia, the latest fund to blacklist the firm amid a national scandal over its misuse of confidential government tax plans. The A$72 billion ($48 billion) fund is “very concerned” and will “restrict consideration of PwC…

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No handouts to big firms to offset global tax, OECD tells Vietnam

By Francesco Guarascio HANOI (Reuters) – The Organisation for Economic Cooperation and Development told Vietnam last week that handouts to big firms to offset higher levies under a global overhaul of tax rules would be problematic, a person familiar with the discussions said. Reuters exclusively reported last week that Vietnam was planning subsidies worth hundreds…

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Netflix co-CEO Ted Sarandos to visit S.Korea -official

(Reuters) – Netflix Inc’s co-Chief Executive Officer Ted Sarandos is planning to visit South Korea, a Seoul-based Netflix official said on Wednesday. Sarandos is expected to meet Prime Minister Han Duck-soo and other key officials during his two-day visit from June 20, news agency Yonhap reported, citing key officials. The Netflix official declined to comment…

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Former Fox News host Tucker Carlson kicks off new show on Twitter

By Bharat Gautam and Yana Gaur (Reuters) – Former Fox News host Tucker Carlson released the first episode of his new show on Twitter on Tuesday, weeks after being taken off the air by the network following a damaging defamation lawsuit over false claims of election fraud. In a roughly 10-minute video captioned “Ep.1” he…

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Zhao-controlled Binance trading firms at heart of SEC lawsuit

By Angus Berwick and Tom Wilson LONDON (Reuters) – Two offshore trading firms controlled by Binance founder and CEO Changpeng Zhao lie at the centre of the Securities and Exchange Commission (SEC) lawsuit launched against the world’s largest crypto exchange, which highlights concerns over client funds. Swiss-registered Sigma Chain received customer funds from Binance, the…

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