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A German military base near the western city of Cologne was temporarily closed on Wednesday as authorities investigated the possible sabotage of water supplies.

The Cologne-Wahn barracks employs around 5,500 people, including 4,300 soldiers and 1,200 civilians, according to German newspaper Der Spiegel.

A military spokesman, Ulrich Fonrobert, said that a hole was discovered in a fence leading to waterworks at the Cologne-Wahn barracks.

He continued: “In addition, the barracks were closed because it could not be ruled out at the time that the person was still on the premises.” However, the perpetrators were not found “despite an intensive search.”

The barracks have now reopened although the drinking water system has been shut down as a precautionary measure, Fonrobert said.

“We are taking this incident very seriously; police, military police and military counterintelligence services (MAD) are investigating,” he added.

Also on Wednesday, the security level at a NATO air base in the western German town of Geilenkirchen was raised due to a suspected case of sabotage in a similar incident to that of the Cologne-Wahn base, Reuters reported. However, after checking the condition of the water, the air base was not sealed off, according to a NATO spokesperson.

It is unclear who entered the Cologne-Wahn barracks. Wednesday’s incident comes amid heightened concerns that Russia could be carrying out sabotage attacks across Europe.

In May NATO said it was “deeply concerned about recent malign activities” by Moscow. The statement pointed to potential “sabotage, acts of violence, cyber and electronic interference, disinformation campaigns, and other hybrid operations.”

The statement pointed to potential “sabotage, acts of violence, cyber and electronic interference, disinformation campaigns, and other hybrid operations.”

This post appeared first on cnn.com

Toomaj Salehi, the Iranian dissident rapper who escaped the death penalty earlier this summer has been cleared entirely of the original charges by a lower court in Isfahan, central Iran.

Salehi became a key voice of anti-government dissent in Iran during the 2022 ‘Woman, Life Freedom’ protests, with lyrics that galvanized protesters and urged them to unite. He was sentenced to death after being convicted of “corruption on earth” last year.

But in a reversal of the high-profile case, Salehi’s sentenced was later overturned by the Iranian Supreme Court and referred back to the lower court in Isfahan for re-sentencing.

His lawyer in Iran, Amir Raesian announced on X Tuesday that Salehi had been acquitted.

But the Iranian rapper will remain behind bars for now.

“Today, this branch issued its decision regarding Mr. Salehi’s case by holding a hearing and listening to the arguments of the lawyers of the case,” Salehi’s lawyer Raesian told reformist newspaper Shargh Daily. “According to the decision, Mr. Salehi was acquitted of corruption charges.”

Salehi still faces two legal charges; he has been also accused by Iranian authorities of publishing false statements on social media and disrupting public order. On Wednesday, the Isfahan appellate court referred these two charges to a criminal court after finding that it could not rule on these charges.

Rights advocacy group Index Against Censorship, who have campaigned heavily for Salehi’s release, recently called for his “immediate release” from incarceration.

In a social media post as Salehi faced into his latest hearing on August 9, the group stressed that Salehi should never “have had to spend a single day behind bars, let alone in front of a judge.”

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People in Kiribati went to the polls on Wednesday for the first round of voting in a national election expected to serve as a referendum on rising living costs and the government’s stronger ties with China.

A second round of voting is scheduled on Aug. 19 for all parliamentary seats that are not won by a majority vote on Wednesday. Results from the first round are expected Thursday.

The nation of low-lying atolls with 120,000 people is one of the most threatened in the world by rising sea levels and does not command the resource wealth or tourism branding of other Pacific islands. But its proximity to Hawaii and its huge ocean expanse have bolstered its strategic importance and provoked an influence skirmish between Western powers and Beijing.

The Kiribati government switched its allegiance from pro-Taiwan to pro-Beijing in 2019, citing its national interest and joining several other Pacific nations that have severed diplomatic ties with Taipei since 2016.

Kiribati is one of the most aid-dependent nations in the world and is rated at high risk of external debt distress by the International Monetary Fund. Its existence is threatened by coastal erosion and rising seas that have contaminated drinking water and driven much of the population onto the most populous island, South Tarawa.

Analysts say few details about the campaigning or this week’s vote have appeared online and there are few English-language news sources in the country. The blocked or delayed entry of Australian officials to Kiribati and a stalled flow of information between the governments in recent years have prompted anxiety in Canberra about the scale of Beijing’s influence.

“A lot of countries in the region are really trying to find their place with a lot of geostrategic competition,” said Blake Johnson, a senior analyst at the Australian Strategic Policy Institute. Kiribati has “taken the approach of keeping its cards pretty close” and is not divulging details “that might impact the way those relationships are trending,” he said.

The election will decide 44 of the 45 seats in Parliament but not the Kiribati presidency, which is due to be resolved in October. A public vote will be held to choose the leader from three or four candidates selected from among those elected this month.

The incumbent, Taneti Maamau, who has been in office since 2016, is expected to seek another term as leader if returned to his seat.

The increased cost of living, scarce medicine supplies and fuel shortages are expected to be central issues for voters. Analysts say voters are likely to reward the incumbent government for the introduction of universal unemployment benefits and increased subsidies for copra, or dried coconut flesh.

“People are taking time to link that the challenges they’re facing are a result of the policies that are in place,” Rimon Rimon, an independent journalist in Kiribati, said by phone. He said the prospect of incumbents being reelected was “quite strong at the moment.”

The question of how much influence Beijing has is not a simple one. Dismay from Australia, New Zealand and the United States about China’s sway is not always specific or well-articulated and has often caused frustration in the Pacific, Johnson said.

He said Australia’s worries include reports that Beijing has trained and equipped Kiribati police officers, and the suspension of foreign judges serving in the island nation.

“Interestingly, these Western countries maintain their own connections with China, but when small island states do the same, it suddenly raises concerns,” said Takuia Uakeia, director of the Kiribati campus of the University of the South Pacific. “This is well understood by the people.”

Rimon, the journalist, said policy shifts since Kiribati switched to a pro-Beijing stance include a requirement that researchers and reporters apply for permits for filming and a more “hard-line” approach to information access. The government remains very secretive about the content of 10 agreements signed between Kiribati and China in 2022, he added.

Voters who spoke by phone on Wednesday said a list of polling places had only been published by the government on Tuesday and there had been uncertainty before voting opened about whether identification cards were required to vote.

Political parties are loose groups in Kiribati, and lawmakers do not confirm their allegiance until elected to office. Kiribati was traditionally a society governed by consensus, with strong democratic principles and respect for its constitution, but the contest for foreign influence had sowed divisions, Rimon said.

“How we’re seeing things in terms of donors and cooperation with partners is that we’re not sure how this is helping us that they’re competing in this sense,” he said.

There are 115 candidates contesting the election, including 18 women. Candidates were unopposed for four seats — three of them incumbent lawmakers from the governing Tobwaan Kiribati Party, according to Radio New Zealand.

This post appeared first on cnn.com

As Kyiv’s forces advance farther into Russia following their surprise incursion last week, Ukrainians living near the border are watching with mixed feelings: a sense of justice combined with fear of what could come next.

“We entered their territory not because we wanted to, but because they came to our home and took away our peaceful life. Now they have to deal with it. I hope that it will not be in vain and that we will get peace.”

Ukraine’s President Volodymyr Zelensky said on Tuesday that Kyiv’s forces were pushing farther into Russia after claiming hundreds of square miles of its territory. Kyiv said its troops have been expanding on a “buffer zone” inside Russia, which they say will better protect communities in northern Ukraine.

Fedorkovska, 21, came to the evacuation center with her 72-year-old grandmother, who was inconsolable after leaving her husband and the home they’ve shared for 52 years.

The two women were among hundreds of Ukrainians evacuated from border areas in recent days. Fedorkovska, a student, said her 85-year-old grandfather insisted on staying behind, telling her: “You save your grandmother, and I will guard what we own.”

The surprise counteroffensive brought a much-needed boost for Ukraine’s military, but it has also left some Ukrainians, including Fedorkovska and her grandmother, worried about what will happen once Russia gathers enough troops to the area to push back.

Mariupol, in the Donetsk region, fell to Russian control in 2022 following months of besiegement and bombardment, thousands of reported deaths, and tales of horror and starvation.

Russian aerial attacks

Nila Buhaiova, who works at the Department of Social Protection in the Sumy regional administration, said hundreds of people came through the center’s doors in recent days.

“The evacuation has intensified over this past week … when the shelling of the Sumy district started, people could not stay anymore, so they left. On Friday there were 270 people, on Saturday 382, and on Sunday 250,” she said.

The numbers are dwarfed by the evacuations on the Russian side of the border. Local officials in the Kursk region said some 180,000 people there have been put under evacuation orders, with thousands more evacuated from neighboring Russian regions.

But for many Ukrainians, it’s hard to feel sorry for their neighbors.

Fedorkovska’s grandparents stayed in their home in Myropillya after the war broke out in 2022, even though the village is surrounded by Russia’s Kursk region on three sides and has been under frequent attack ever since Moscow launched its full-scale invasion of Ukraine.

But the area has become too dangerous now that Ukraine has launched its surprise incursion.

“After the start of the Kursk operation, artillery and mortar attacks stopped because our guys drove them away from the border. But the attacks with guided bombs and aircraft have intensified. Now they can’t reach us with artillery, so they shoot from the aircraft,” Fedorkovska said, explaining why her grandmother had finally decided to evacuate.

“We want people to understand what it’s like to live under constant shelling, to live in a place where you have lived your whole life, a place you put your heart and soul into, where you raised your children, went to school … and that you are forced to leave and move somewhere else because there’s constant shelling now.”

Olena Lozko is an accountant from the Ukrainian village of Velyka Rybytsia, which sits about 4 kilometers (2.5 miles) from the Russian border. She too has left in recent days amid the intensifying attacks by Moscow’s forces.

“We are very happy that our soldiers are attacking, but we are very scared. We have nowhere to go, and we are very afraid of these glide aerial bombs,” she said. “The situation is getting worse.”

Russia’s FAB-1500 guided glide bomb is a 1.5-tonne weapon nearly half comprised of high explosives. They are delivered by fighter jets from about 60-70 kilometers away, out of range of many Ukrainian air defenses.

‘You attack – we attack too’

People farther away from the front lines hope that giving the Russians a taste of their own medicine could help bring the conflict to an end.

“It’s a signal to Russia that any action can cause a reaction. You attack – we attack too,” said Borys Lomako, a café owner from Kharkiv, Ukraine’s second-largest city, which is also near the border with Russia.

“It’s life-affirming to me that we’re going to fight for our border, and we’re doing more than just pushing [the Russians] back to the front line. You enter our territory, we enter yours. Psychologically this is a change of position in this war,” he said.

Andrii Legin, a 40-year-old resident of the capital Kyiv, said he fears the response of Russian President Vladimir Putin, whom he called a “crazed dictator.”

“Russia may respond in any way, starting with a completely frantic military response. Or perhaps some kind of shift will happen among the Russian people because the war has moved to Russian territory. Let’s see how the Russians react to this,” he said.

He said he is certain of one thing, however.

“I don’t think it will do any good if we Ukrainians enjoy it,” he said. “Yet if this is the only way to call for peace, then maybe it does work.”

This post appeared first on cnn.com

Conflict between elephants and humans is a growing, and potentially deadly, problem in some parts of India. Now, the state of Assam, a northeastern region famous for its rolling tea plantations, has launched a mobile app that alerts villagers of approaching herds in an effort to reduce the risk of catastrophic encounters.

While estimates vary, such conflicts in the state led to more than 200 elephant deaths and 400 human deaths from 2017 to 2022, according to data from Aaranyak, a local conservationist group that developed the “Haati App” or “Elephant App” in collaboration with the Assam government.

The app is designed to give villagers and farmers a vital heads-up when wild elephants are close to human settlements, aiming to help people avoid dangerous encounters.

“Fueled by a combination of a population boom and poverty, man has expanded his frontiers, while animals have found their jungles shrinking,” said Aaranyak, which in Sanskrit means “to belong to the forest.”

Assam is home to over 5,000 wild elephants, the second highest in the country after Kerala in the southwestern tip of India, which has around 6,000, according to a 2017 report by the Ministry of Environment, Forests & Climate Change.

Fewer than 50,000 Asian elephants are left in the world, and they are listed as endangered species on the International Union for Conservation of Nature’s (IUCN) Red List. Indian elephants are a subspecies of Asian elephants native to the country, and there are about 40,000 left in the wild, according to the World Wide Fund for Nature (WWF).

While India has over 100 national parks and around 30 elephant reserves, many of these animals are losing their natural habitats due to increased farming and human activities, conservation groups have long warned.

Elephants are large and often travel in herds, and about half a million families in India are affected by crop-raiding elephants each year, according to WWF.

Some farmers resort to culling elephants to protect their families as any encounter with animals that weigh at least 5 tons can quickly become deadly.

On World Elephant Day, which fell on Monday, Indian Prime Minister Narendra Modi affirmed the government’s effort to provide suitable habitat for elephants to thrive.

“For us in India, the elephant is linked to our culture and history, too. And it’s gladdening that over the last few years, their numbers have been on the rise,” Modi said on Facebook.

However, illegal encroachment into protected areas and forest clearing for roads and infrastructure development have led to significant habitat loss and fragmentation for elephants, which are sacred symbols in Hinduism and Buddhism.

Wider issue in Asia

Elephants have lost almost two-thirds of their habitat across Asia, as a result of hundreds of years of deforestation and increasing human use of land for agriculture and infrastructure.

The study in the journal Scientific Reports published in April found India to be the country with the second greatest decline in elephant habitats, with 86% of suitable land lost between 1700 and 2015. That’s second only to China, which lost 94% over the same period.

The Asian elephant is found across 13 countries across the continent, but their forest and grassland habitats have been eroded by more than 64% – equating to 3.3 million square kilometers (1.2 million square miles) of land – since 1700, researchers said. That is roughly twice the size of Alaska.

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Japanese railways and airlines are canceling services as Typhoon Ampil gathers strength in the western Pacific, with the storm expected to hit on Friday during the peak summer travel season.

As of early Thursday local time, Typhoon Ampil was recording sustained winds of 140 kph (85 mph), according to the latest advisory from the Joint Typhoon Warning Center (JTWC). That makes it the equivalent of a Category 1 hurricane in the Atlantic basin.

And it’s likely to strengthen further in the next 36 hours, since the storm is moving over very warm water – meaning more moisture in the air to fuel the typhoon. By Friday evening, as it nears Japan southeast of Tokyo, it could become the equivalent of a Category 3 hurricane, according to a JTWC forecast.

Two major airlines, Japan Airlines and All Nippon Airways, canceled about 500 flights in total serving the capital’s Haneda and Narita airports, according to public broadcaster NHK.

Rail travel has been disrupted too. Six lines on Japan’s extensive bullet train network are suspending services between certain stations and warning of major delays on Friday – including the important Tokaido line that connects Tokyo with Osaka.

Japan’s meteorology officials have warned that some parts of northern and eastern Japan may see violent winds, rough seas, heavy rain, flooding, landslides and overflowing rivers, according to NHK. They urged the public to exercise caution and stay prepared.

The storm’s center is expected to remain slightly offshore as it turns toward the northeast and moves away from Japan, according to JTWC and Japan’s Meteorological Agency. If it stays offshore and only brushes the coast, it might only have a light impact on Japan, bringing rain and wind to some areas including Tokyo.

However, it could have a much stronger effect if the direction changes to bring the center closer to the coast, or even makes landfall.

The storm is expected to weaken by Saturday morning local time and die down as it moves into cooler waters over the weekend.

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A US citizen has been sentenced to 15 days in a Russian prison on charges of “petty hooliganism” for attacking a police officer, according to Moscow court officials.

The American man, identified as Joseph Tater, was on Wednesday given an “administrative penalty in the form of administrative arrest for a period of 15 days” by the Meshchansky Court of Moscow, according to a post on the official Telegram channel of the Moscow City Courts of General Jurisdiction.

Tater was found guilty of disorderly conduct, Russian state media TASS reported, following previous reports of police detaining a foreigner who violated public order while staying at a hotel in Moscow.

“He behaved aggressively, swore, and used foul language,” TASS quoted the court’s press service as saying, adding that Tater had “hit a [female] police officer” during detention.

Tater is also facing a criminal case for using violence against a government official, TASS said, adding that the American could face imprisonment for up to five years.

The US State Department said Wednesday it was aware of the reports about Tater.

“I don’t have specifics given privacy concerns,” State spokesperson Vedant Patel said. “We’re working to get as much information as we can, working to ascertain the consular situation, and see if consular access is available,” he said, without giving further details.

There are several American citizens serving sentences in Russia on drug or theft convictions, including Marc Fogel, who was convicted in 2022 for illegal possession of cannabis.

Fogel, who worked in Moscow as a teacher, was arrested on drug charges in 2021 after entering the country with cannabis. He was sentenced to 14 years at a hard labor camp in Russia.

His family and lawyer have said a doctor had recommend cannabis to him to treat “severe spinal pain.”

Fogel was not included in the largest prisoner exchange between Russia and the West since the end of the Cold War, which happened earlier this month.

Twenty-four detainees were freed in the historic swap, which included Wall Street Journal reporter Evan Gershkovich, former US Marine Paul Whelan and Russian American journalist Alsu Kurmasheva. Vladimir Kara-Murza, a Russian opposition politician and one of President Vladimir Putin’s fiercest critics, was also freed.

Separately, TASS reported that Russian-US dual national Ksenia Karelina pleaded guilty in a Russian court to treason charges, after being arrested for donating $51.80 to a charity that provides humanitarian aid to people affected by the war in Ukraine.

Karelina, 33, was detained in Yekaterinburg in February while visiting her grandparents.

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Home Depot on Tuesday topped quarterly expectations, but cautioned that sales will be weaker than expected in the back half of the year as high interest rates and consumer uncertainty dampen demand.

The home improvement retailer said it now expects full-year comparable sales to decline by 3% to 4% compared with the prior fiscal year. It had previously expected comparable sales, a metric that takes out the impact of store openings and closures and other one-time factors, to decline about 1%.

Home Depot’s total annual sales will get a boost from its recently completed acquisition of SRS Distribution, a company that sells supplies to professionals in the landscaping, roofing or pool businesses. Total sales are expected to increase between 2.5% and 3.5% including a 53rd week in the fiscal year and approximately $6.4 billion in sales from SRS. Yet excluding sales from SRS, its new full-year forecast would have amounted to a revenue cut.

In an interview with CNBC, Chief Financial Officer Richard McPhail said Home Depot has contended with consumers who have a “deferral mindset” since the middle of 2023. Interest rates have caused them to put off buying and selling homes and borrowing money for bigger projects, such as a kitchen renovation. 

Yet over the past quarter, he said surveys of customers and home professionals like contractors have captured another challenge: a more cautious consumer.

“Pros tell us that, for the first time, their customers aren’t just deferring because of higher financing costs,” he said. “They’re deferring because of a sense of greater uncertainty in the economy.”

Here’s what the company reported compared with what Wall Street expected for the three-month period that ended July 28, based on a survey of analysts by LSEG:

The company’s shares were up nearly 2% in early afternoon trading.

Home Depot kicks off a wave of retail earnings, as economists, investors and politicians pay close attention to the health of the American consumer and try to forecast the economic outlook, including the odds of a recession. Though inflation has cooled, higher prices — particularly for everyday costs like groceries, energy and housing – continue to frustrate customers. They’ve also become a major talking point on the 2024 campaign trail.

Consumer clues will keep coming this week and next, as Walmart reports earnings and the government shares retail sales numbers on Thursday. Other retailers, including Target, Macy’s and Best Buy, will also post results in the coming weeks.

Compared with many other retailers, Home Depot has a more financially stable customer base. About half of its sales come from home professionals and about half come from do-it-yourself customers. About 90% of those DIY customers own their own homes.

Yet Home Depot still felt the impact of consumer uncertainty, McPhail said. He said the company saw slower demand for a wide range of project-driven items, including lighting and flooring.

Home Depot’s net income for the fiscal second quarter decreased to $4.56 billion, or $4.60 per share, from $4.66 billion, or $4.65 per share, in the year-ago period.

Revenue rose slightly from $42.92 billion in the year-ago period.

Comparable sales dropped 3.3% in the quarter across the business and declined 3.6% in the U.S. That was worse than the 2.1% decrease that analysts expected, according to StreetAccount.

It marked the seventh consecutive quarter of negative comparable sales at Home Depot.

Shoppers visited Home Depot’s stores and its website less frequently, and spent less when they did, during the quarter compared to the year-ago period. Customer transactions fell nearly 2% and average ticket dropped slightly to $88.90 from $90.07 in the year-ago quarter

Consumers have postponed projects in part because of a widely anticipated rate cut by the Federal Reserve, McPhail said. In late July, Fed Chair Jerome Powell said policymakers could cut rates at the central bank’s September meeting if the data supports it.

That would lead to lower mortgage rates and borrowing costs for homeowners who want to tack on an addition or finance a project, such as a bathroom remodel.

“What our customers tell their pros is, ‘Everything I read tells me interest rates will be lower in three to six months,’” McPhail said. ”‘Why would I borrow to finance the project now rather than just wait a few months?’”

Yet Home Depot leaders have emphasized home improvement’s bright long-term outlook, referring to the country’s aging homes, its shortage of houses and significant property value gains, especially during the years of the Covid pandemic. 

And McPhail said most of Home Depot’s customers remain financially healthy and employed, even if they’re spending less on home improvement right now.

Shares of Home Depot closed at $345.81 on Monday. As of Monday’s close, the company’s shares are down less than 1% so far this year, trailing behind the S&P 500′s 12% gains. 

– CNBC’s Robert Hum contributed to this story.

This post appeared first on NBC NEWS

The Murdoch family feud taking place in an obscure Nevada court highlights the state’s surging popularity as a global center of family trusts and a friendly home to the world’s biggest fortunes.

According to legal industry rankings, Nevada is now the top state in the country when it comes to so-called asset-protection trusts like the one at the center of the Murdoch dispute. The state’s unique combination of no income taxes, iron-clad secrecy protections and strong defenses against creditors makes it the ideal location for big family trusts created to protect assets.

Nevada doesn’t report the total amount of assets in its trusts. The Western state’s fast-growing industry of trust and estate attorneys, trust companies and facilitators keeps a deliberately low profile. Yet experts estimate the state likely has hundreds of billions of dollars in trust assets locked away in nondescript office buildings or trust companies, offering little to no visibility to the outside world.

“Nevada is No. 1 and has been for at least four years,” said Steven Oshins, a Nevada attorney who publishes the most widely cited ranking of states based on their appeal to asset-protection trusts.

South Dakota is a “close second,” and then “there is a big drop-off for the next batch with Tennessee, Delaware and others,” Oshins added.

Nevada’s advantage puts it at the forefront of a massive wealth surge pouring into the asset-protection trusts. The U.S. hosted more than $5.6 trillion in trust and estate assets as of 2021 — more than double the level of 2011, according to data from economists Thomas Piketty, Emmanuel Saez and Gabriel Zucman. The estimate is just “the top of a multitrillion-dollar iceberg,” according to the group, since many trusts are not reported to the IRS.

Much of the recent growth is being driven by the so-called Great Wealth Transfer, in which over $80 trillion is expected to be passed down to the next generations, according to trust and estate attorneys. The possible expiration next year of the estate and gift tax exemption, which currently lets couples give away up to $27 million tax-free, is also driving the creation of new trusts. Fears of a global wealth tax, the IRS crackdown on wealthy taxpayers and a wave of foreign millionaires and billionaires using the U.S. as the latest offshore tax haven are also fueling demand.

In the race among states to attract the hundreds of billions of dollar in new trust assets, Nevada has a comfortable lead. Its legislature frequently updates its trust laws and regulations to make them more attractive.

Nevada has no state income tax, no corporate income tax and no inheritance tax, which helps trusts grow in value without having a chunk taken out. Its secrecy laws are also among the strictest in the country. In 2009, the legislature passed a law stating that any records submitted to the Division of Financial Institutions are “confidential.”

While all trust cases in Nevada are officially part of the public record, filing attorneys can use a new 2023 law to keep the trust name, settlors and beneficiaries confidential without a court order. Adding to the confidentiality, it is one of seven states that allow “silent trusts,” which permit the trustee to keep the existence of the trust from the beneficiaries under the trust terms.

Nevada is also unusual in having “no exception creditors” — meaning even ex-spouses, child support claims or lawsuit plaintiffs can’t gain access to a trust. Perhaps its most powerful advantage, and the one with direct bearing on the Murdoch case, is trust flexibility.

At the center of the Murdoch case is the Murdoch Family Trust, which holds the powerful voting shares in News Corp. and Fox Corp. that effectively control the companies. (The trust also contains the family farm in Australia, the Murdoch art collection and its Disney shares.)

Under the arrangement’s current terms, when Rupert Murdoch dies, control of the trust would pass to four of his children: Lachlan, James, Elisabeth and Prudence. Each would get one vote, meaning no sibling could gain control without the others. The trust was created as an irrevocable trust, meaning it’s designed to be permanent.

Yet according to The New York Times and The Wall Street Journal, Rupert Murdoch has moved to rewrite the trust to give Lachlan control after Rupert’s death. He argues that it’s in the best financial interests of the other children, which at least some of them have challenged. Spokespeople for News Corp. and Fox declined to comment.

Changing an irrevocable trust is virtually impossible in many states. Yet in Nevada, it’s common, thanks to a special carve-out known as “decanting.” The state allows irrevocable trusts to be decanted, or changed, into a new trust as long as certain provisions are met. In the case of the Murdoch dispute, Rupert will have to prove to a probate court that he is acting “in good faith and for the sole benefit of the heirs.”

“In Nevada, you can usually fix those things fairly easily,” said Elyse Tyrell, a probate lawyer with Tyrell Law PLLC in Henderson, Nevada. 

Trust and estate attorneys in Nevada said it’s slightly unusual for a trust donor — in this case Rupert Murdoch — to argue that he’s acting in the interests of heirs who are opposing him. Yet if he can make the case that Lachlan’s control would maximize the financial value of News Corp. and Fox Corp., and therefore benefit all the siblings, the court may take his side. The trial starts in September.

It’s also unusual for a family to be able to create a trust in Nevada without business or personal ties to the state. Residing in Nevada is not a requirement for establishing a trust. None of the Murdochs appear to own any homes in Nevada, and none of their businesses have any public headquarters there.

“Normally a family would have some ties in Nevada to establish trust, either living here or having real estate,” Tyrell said. “I don’t believe any of the Murdochs ever lived here.”

This post appeared first on NBC NEWS

Starbucks is replacing its CEO with the head of Chipotle as it seeks to revive flagging sales and appease outside investors.

Starbucks announced Tuesday morning that Brian Niccol, who has led the burrito chain since 2018, will take over the coffee giant starting next month.

Laxman Narasimhan, who took over as Starbucks’ CEO in March 2023, is leaving the company.

People outside a Starbucks in Los Angeles on July 12, 2022. –Frederic J. Brown / AFP via Getty Images file

Starbucks’ stock closed more than 24% higher, while Chipotle shares fell more than 7%.

Starbucks has struggled this year, hurt by weak sales in the U.S. and China. It had also faced increasing customer complaints about declining service quality and rising prices. It had recently come under pressure from so-called activist investors who’d purchased large stakes to force changes. Starbucks shares were down nearly 20% this year before Tuesday’s trading session.

Chipotle has faced similar gripes: It raised prices this year and also confronted a wave of social media criticism over uneven portion sizes. But Chipotle has better weathered those issues, recently reporting strong earnings that bucked a broader industry slowdown. Heading into Tuesday, its stock was up over 20% this year.

In its release announcing the change, Starbucks said Niccol had ‘transformed’ Chipotle.

‘His focus on people and culture, brand, menu innovation, operational excellence, and digital transformation have set new standards in the industry and driven significant growth and value creation,’ Starbucks said. It added that Chipotle’s stock price had increased nearly 800% during his tenure, ‘all while increasing wages for retail team members, expanding benefits, and strengthening the culture.’

Mellody Hobson, who stepped down as Starbucks’ chair to become lead independent director as part of Tuesday’s leadership shake-up, told CNBC on Tuesday that the board had been thinking about replacing Narasimhan for several months.

“Our board, a couple months ago, started to engage in a conversation about the leadership of the company, and I made an overture through someone to Brian, and he took the call,” Hobson said on CNBC’s “Squawk Box.” “We thought we had the opportunity to engage with one of the biggest names in the industry, someone whose track record is just clearly proven, not only through the spectacular results that he’s had at Chipotle, but also before that at Pizza Hut and Taco Bell. He knows this industry, and we thought he would be the right leader for this moment.”

Hobson acknowledged that Narasimhan faced some challenges coming into Starbucks without restaurant experience but added that he helped decrease turnover and address supply chain issues. However, it appears that the board has more confidence that Niccol will be able to turn the business around quickly.

“What we saw with Brian was someone who’s, quite honestly, been there, done that — through all sorts of market environments, all sorts of cycles. When I talked to him, I remember him saying, ‘I know what to do,’” Hobson said.

In a statement, Starbucks chairman emeritus and former CEO Howard Schultz, who had been critical of the company’s recent performance, praised the change.

“Having followed Brian’s leadership and transformation journey at Chipotle, I’ve long admired his leadership impact,’ Schultz said. ‘His retail excellence and track record in delivering extraordinary shareholder value recognizes the critical human element it takes to lead a culture and values driven enterprise. I believe he is the leader Starbucks needs at a pivotal moment in its history. He has my respect and full support.”

Starbucks Chief Financial Officer Rachel Ruggeri will step in as interim chief executive until Sept. 9, when Niccol officially takes over the top job.

Chipotle Chief Operating Officer Scott Boatwright will serve as interim CEO of the burrito chain. Chipotle CFO Jack Hartung, who had planned to retire next year, will stay on as president of strategy, finance and supply chain.

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