Italy is pouring billions more into its troubled banks

Italian banks are drowning in bad debt Italy is putting up €17 billion ($ 19 billion) to avert a fresh crisis in its beleaguered banking system. The move over the weekend came after a warning from European authorities that two struggling Italian regional banks — Banca Popolare di Vicenza and Veneto Banca — were facing collapse. It’s just the latest move by Italy to plug a hole in its fragile financial sector. At the end of last year, it had to promise billions of euros to rescue Monte dei Paschi, ...

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Sources: Cavs talked 3-way trade for George

10:50 PM ET Marc Stein Close ESPN Senior Writer • Senior NBA writer for ESPN.com• Began covering the NBA in 1993-94• Also covered soccer, tennis and the Olympics Chris Haynes The Cleveland Cavaliers continue to pursue a trade for Paul George and will be leading contenders for Carmelo Anthony‘s services, should Anthony secure an offseason buyout from the New York Knicks, according to league sources. Sources told ESPN that the Cavaliers engaged in serious three-way trade discussions leading up to the NBA draft on a deal that would have brought ...

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Police officers injured in London protest over man's death

Media playback is unsupported on your device Six police officers have been injured and four people arrested in a protest over the death of a man following a traffic stop. Bricks were thrown and fires lit outside Stratford bus station and Forest Gate police station in London. Protesters allege Edir Frederico Da Costa, 25, was “brutally beaten” by Met Police officers earlier this month. The police watchdog is investigating the treatment of Mr Da Costa, who died six days after he was stopped. Earlier in the evening, Borough Commander Supt ...

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Cody Bellinger is real and he is spectacular

12:00 AM ET What can you say about Cody Bellinger other than he’s real and he’s spectacular. The Los Angeles Dodgers rookie slugged two more home runs in a crazy 12-6 win over the Rockies — don’t worry, we’ll get to all those wild pitches in a moment — and is up to 24 on the season, already a National League record for home runs by a rookie before the All-Star break, with 13 games still remaining. He has been performing feats of strength almost every day, it seems. Bellinger’s ...

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John McDonnell: Grenfell victims 'murdered by political decisions'

Labour’s John McDonnell has claimed victims of the Grenfell Tower fire were “murdered” by “political decisions”. The shadow chancellor made the claims at an event at Glastonbury Festival on Sunday – a day after Jeremy Corbyn addressed thousands of people there. Mr McDonnell claimed the decision to “view housing as only for financial speculation” meant the Grenfell Tower victims were “murdered”. He also said closing fire stations “contributed” to the deaths. At least 79 people are feared to have died in the fire in west London, which began in the ...

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Nintendo Exec: Switch Could Get More Wii U Re-Releases

The Wii U was a disappointment from a sales perspective, selling 13.56 million systems by Nintendo’s latest count, compared to more than 100 million for the Wii. Matching that sales level was probably never going to happen for the Wii U, but it is understood that the Wii U underperformed. The Nintendo Switch is off to a strong start, helping Nintendo’s market cap surpass Sony’s, and with strong demand for the console and new games coming out, it seems the sales figure stands to climb higher and higher. In an ...

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Takata, brought down by airbag crisis, files for bankruptcy in U.S.

Here’s what a Takata airbag explosion looks like Takata has filed for bankruptcy in the U.S. after failing to recover from one of the worst auto safety scandals ever. Analysts had long warned that Takata could be forced into bankruptcy due to the huge cost of a deadly exploding airbag scandal, which resulted in the recall of tens of millions of vehicles around the world. The company’s defective airbag inflators, which can explode and send shrapnel into drivers and passengers, has been blamed for 11 deaths in the U.S. and ...

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Will Cardinals be second-half sellers?

4:31 PM ET Two things can happen to the St. Louis Cardinals between now and July 31 to give general manager John Mozeliak a sense of clarity and a mandate entering the trade deadline: • The Chicago Cubs (or Milwaukee Brewers) could go on a roll, assume control in the National League Central and render the Cardinals irrelevant, prompting Mozeliak to take a hard look at his roster and sell off short-term assets to help with a big-picture revamp; • In an alternate, better-case scenario, the Cardinals will find that ...

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Lib Dems seek end to pay cap for emergency services

The public sector pay cap should be scrapped in recognition of the work of the emergency services following recent disasters, says Tim Farron. The outgoing Lib Dem leader said firefighters, police and medical staff “deserve so much better”. The pay cap, which has been in place since 2012, limits pay rises for public sector workers to 1% a year until 2020. Ministers have said that wage restraint in the public sector helps protect jobs and repairs the public finances. But Health Secretary Jeremy Hunt said earlier this month he had ...

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SpaceX nails two rocket launches in one weekend

SpaceX successfully launches a used rocket SpaceX just capped off two successful missions to space this weekend — the company’s quickest launch turnaround yet. After it launched a communications satellite into orbit from Kennedy Space Center in Florida on Friday, Tesla(TSLA) CEO Elon Musk’s private space outfit finished its run with a clean launch from California’s Vandenberg Air Force Base on Sunday. The launch Sunday marked SpaceX’s eighth launch so far this year. The company has now tied the record for the most launches in a single year, which it ...

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