Ringleader in Russian spy ring gets more than 10 years in UK prison
LONDON — A Bulgarian man who was the ringleader of a Russian spy ring in the U.K. was sentenced Monday to more than 10 years in prison.
Orlin Roussev, 47, headed up a group of five fellow Bulgarians who prosecutors said put lives in danger as they carried out operations in the U.K., Germany Austria, Spain and Montenegro between 2020 and 2023 on behalf of Russian intelligence.
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Boston Globe
an hour ago
- Boston Globe
US manufacturing activity contracted in May — for a third month
Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up LABOR Advertisement AG Campbell fines Boston restaurant $1.8 million for tip pool violations Chefs at Zuma in the Back Bay in 2019. Aram Boghosian for The Boston Globe The state Attorney General's office fined a high-end Boston restaurant more than $1.8 million for illegally requiring service workers to share pooled tips with managers. Massachusetts Attorney General Andrea Campbell announced Monday that it had cited the parent company of Japanese sushi restaurant Zuma, and its manager Garrett Ronan, about $1,813,850 in total for the tip pool violations. Some workers will receive up to $50,000 which includes penalties and unpaid wages. Campbell's office charges that between July 2022 and July 2024, some managers at Zuma participated in a tip pool at the restaurant, which violates state wage laws. Zuma and its parent company did not immediately respond to a request for comment Monday afternoon. In Massachusetts, tip pooling is only permitted for wait staff, bartenders, and other service employees. Staff with managerial responsibilities cannot share in a tip pool, even if they help serve customers, according to Massachusetts laws. An employee complaint alleging that workers promoted to managerial roles remained a part of the restaurant's tip pool prompted the investigation, which was handled by the Fair Labor Division at the attorney general's office. Boston's Zuma location at the Four Seasons Hotel at One Dalton is one of its London-based parent company Azumi's 28 permanent and 11 residency locations across the world, according to the company's website. The fine announced Monday is part of Campbell's broader push to 'protect workers from exploitation, ensure workers are paid the wages they are owed, and hold employers who violate labor and wage laws accountable,' the attorney general's office said. — STELLA TANNENBAUM Advertisement CRYPTO Circle, backers seek $896 million after boosting IPO size The Circle website. Gabby Jones/Bloomberg Circle Internet Group Inc. and its shareholders have increased the size and price of the company's initial public offering, suggesting strong investor demand for the stock. The stablecoin issuer and some of its backers are now offering 32 million shares at a price range of $27 to $28 a pop, according to a filing Monday with the US Securities and Exchange Commission. Circle and the selling shareholders were previously offering 24 million shares at a range of $24 to $26 each. The sale could raise as much as $896 million at the top of the new range, and hand Circle a market capitalization of nearly $6.2 billion, according to Bloomberg calculations. Accounting for employee stock options, restricted share units, and warrants, the company would have a fully diluted value of about $7.2 billion. The IPO has drawn orders for stock in double digit multiples of the shares available, according to people familiar with the matter. The offering is set to close to orders at 4 p.m. New York time on Tuesday, the people said, asking not to be identified as the information isn't public. A representative for Circle declined to comment. — BLOOMBERG NEWS Advertisement PHILANTHROPY Majority of $200 billion Gates Foundation funds to go to Africa The Gates Foundation campus in Seattle. Lindsey Wasson/Associated Press Africa is set to be the largest beneficiary of the $200 billion that the Gates Foundation plans to give away over the next two decades, cofounder Bill Gates said. 'The majority of that funding will be spent on helping you address challenges here in Africa,' he told an African Union gathering in Addis Ababa, Ethiopia, Monday, according to an emailed statement from his foundation. The organization said last month that it plans to give away the money over 20 years before shutting down in 2045. That implies Gates — currently the fifth-richest person in the world — plans to transfer many billions to his foundation as part of a goal to give away 99 percent of his wealth. He's currently worth about $175 billion, according to the Bloomberg Billionaires Index. — BLOOMBERG NEWS ENERGY Trump wants to sell 1 million barrel reserve of diesel fuel President Trump departed the White House in Washington on May 30. HAIYUN JIANG/NYT The Trump administration wants to put a 1 million barrel cache of diesel fuel on the market, saying the reserve meant to provide an emergency supply of home heating oil for the Northeast has never been used for its intended purpose. The sale and closure of the Northeast Home Heating Oil Reserve would generate $100 million to be used for deficit reduction, according to Department of Energy budget details recently made public. The sale of the reserve would require approval by Congress, which gave the Biden administration the green light to sell off and close a 1 million barrel emergency cache of gasoline last year. The 1 million barrels of diesel is equal to roughly a quarter of overall US daily demand, while the US Energy Information Administration estimates that about 4 percent of the nation's households use heating oil to warm their homes. The diesel fuel reserve, which is housed in commercial storage facilities across the Northeast, was used in the aftermath of Hurricane Sandy in 2012 to provide fuel for emergency responders in New York and New Jersey, as well as in the wake of snow storms that same year, according to the Energy Department. Created under former president Bill Clinton, the reserve is designed to provide Northeast consumers with 10 days of supply, the time required for ships to carry additional heating oil from the Gulf of Mexico to New York Harbor, according to the Energy Department. — BLOOMBERG NEWS Advertisement PHARMACEUTICALS Bristol to pay BioNTech up to $11.1 billion in cancer deal BioNTech headquarters in Mainz, Germany. Michael Probst/Associated Press Bristol-Myers Squibb Co. will pay BioNTech SE as much as $11.1 billion to license a next-generation cancer drug, as competition intensifies in an area of oncology that seeks to harness the immune system to attack tumors. The German biotech will receive $1.5 billion upfront and $2 billion in installments through 2028, the companies said Monday. BioNTech will also be eligible for as much as $7.6 billion in milestone payments, and the partners will split development and manufacturing costs and profits equally. It's the latest in a slew of deals as pharmaceutical companies battle for a share of a market currently led by Merck & Co.'s Keytruda, the world's best-selling drug. Global sales of immuno-oncology treatments could reach $60 billion a year by 2027, according to Bloomberg Intelligence. Bristol-Myers has been pumping billions into its pipeline ahead of a patent cliff. Its deal for BioNTech's compound — dubbed BNT327 — comes weeks after rival Pfizer Inc. agreed to pay 3SBio Inc. as much as $6.1 billion, a record for a Chinese biotech, to license a similar cancer asset. It also marks a major payoff for BioNTech, which licensed BNT327 from Chinese biotech Biotheus in 2023 and later bought the company outright for up to $950 million. — BLOOMBERG NEWS Advertisement
CNN
3 hours ago
- CNN
Mount Etna eruption, resurgence of a slur, mites come out at night: Catch up on the day's stories
👋 Welcome to 5 Things PM! File this under mite-y creepy: As you fall asleep each night, dozens of eight-legged creatures are crawling out of your pores. You have these nocturnal mites all over your body, but their favorite spot to hang out? Your face. Here's what else you might have missed during your busy day: 1️⃣ Massive eruption: Tourists at Mount Etna were forced to flee after a huge plume of high-temperature gases, ash and rock billowed into the air. About 1.5 million people visit the Italian volcano each year, and the last eruption of this magnitude occurred in 2014. 2️⃣ Manhunt update: A police chief-turned-murderer-and-rapist, a repeat escapee and a double murderer — all three are still nowhere to be found after two high-profile jailbreaks in Arkansas and Louisiana. Here's what we know about the circumstances of each case. 3️⃣ The R-word: A slur used to denigrate people with disabilities is surging in popularity among some influential public figures like Joe Rogan and Elon Musk. Experts say the implications of its resurgence are bigger than just one word. 4️⃣ 'Toxic Nation': A new 'Make America Healthy Again' documentary claims four things are making us sick: ultraprocessed foods, seed oils, herbicides and pesticides, and fluoride. Health specialists break it down and explain what the research says. 5️⃣ Clean streets: Travelers who visit Japan wonder how the country can be so tidy and organized when there doesn't seem to be a way to dispose of garbage in public places. So where are all the trash cans? GET '5 THINGS' IN YOUR INBOX CNN's 5 Things newsletter is your one-stop shop for the latest headlines and fascinating stories to start and end your busy day. Sign up here. 🚘 Wild crash: A car ran off the road and through the roof of a veterans hall in Missouri, but police said the driver only suffered minor injuries. This is the second time in three months a vehicle crashed into the same building. • Colorado suspect charged with federal hate crime, had planned antisemitic attack for a year, FBI says• Trump returns to Supreme Court with emergency appeal over mass firings• Second round of Russia-Ukraine peace talks ends swiftly with no major breakthrough 🏡 That's how many prospective buyers are reportedly waiting for home prices and interest rates to drop before jumping into the real estate market. 🤖 Smart art: Victor Wong put his degree in electrical engineering to good use by creating AI Gemini, a robotic arm that produces traditional Chinese landscape paintings. See how it works. 🎧 'We're burnt out': After nearly 16 years and countless hours of conversations, comedian Marc Maron will end his groundbreaking podcast 'WTF' this fall. The host said he and producer Brendan McDonald made the decision together. 🍬 Haribo is recalling some bags of candy in the Netherlands because what was found in them?A. WoodB. CannabisC. MetalD. Fungi⬇️ Scroll down for the answer. 👘 Crafty creations: Kimonos are deeply woven into the fabric of Japan's cultural identity, but not many people wear them anymore. Entrepreneur Shotaro Kawamura is working with craftspeople to upcycle unwanted robes into new products such as sneakers. 👋 We'll see you tomorrow.🧠 Quiz answer: B. Haribo is recalling bags of fizzy cola bottles after cannabis was found in some of them.📧 Check out all of CNN's newsletters. 5 Things PM is produced by CNN's Chris Good, Meghan Pryce, Kimberly Richardson and Morgan Severson.
The Drive
3 hours ago
- The Drive
Another Mercedes-AMG One Has Burned to the Ground
The latest car news, reviews, and features. The world is short yet another Mercedes-AMG One this week after what appeared to be a very public conflagration somewhere in Germany. As is typical with a situation like this, information is thin on the ground, but unless there's big money to be made in faking videos of obscure supercars catching fire, we're inclined to believe everything is on the up-and-up. @chrimbu AMG ONE ein heisser Sportwagen 🤣, wäre besser ohne Lithium Ion Akku🤔🤷♂️ ♬ The Sound of Silence (CYRIL Remix) – Disturbed It's hard to tell much from this low-res video, but the Exclusive Car Registry has several photos of the car prior to the mishap, along with some basic production data about the car itself. It's all crowdsourced, so take it with a grain of salt, but we'd buy that the exterior was Emerald Green Metallic before it was blackened by all that smoke. It's listed as a 2023 model, and the current description is as succinct, but exhaustive: 'Burnt down.' That site's listing, plus the Mercedes' German license plate and Feuerwehr markings on the vehicle in the background (German for 'Fire Department') indicate that the incident took place in Germany. Indeed. As we noted off the top, this isn't the first AMG One that has apparently self-immolated. Back in May of 2023, another example caught fire inside a car transporter, leaving nothing but a carbon-glazed pile of rubble: Um Mercedes-AMG ONE pegou fogo. A unidade estava no guincho, sendo rebocada no M6, em Staffordshire, quando explodiu em chamas.A Mercedes está investigando o incêndio no motor híbrido, que aconteceu quando seu motor estava desligado. 🗞️ | The Sun — Mercedes-AMG F1 Brasil 🇧🇷 (@MercedesAMGF1BR) May 22, 2023 Development of the electrified hypercar was a headache for AMG. Essentially, Mercedes-Benz asked its performance car division to wrap a street car body around a Formula 1 drivetrain. The company's engineers were well aware of the challenges it faced, but the unprecedented adaptation nonetheless ended up taking nearly a year longer than planned to develop. If the early productions numbers are to be believed, Mercedes only built 275 of these for the general public. As an owner, that means the odds of your car catching fire are still less than 1 in 100—a risk most of us would be willing to take to say we own a 1,000-horsepower, 11,000-RPM monster that is essentially an F1 car for the street. Got a tip? Send us a note at tips@
