Southern Financial News

Toyota Motor Corporation (NYSE:TM) revealed Monday that its joint venture with China’s state-owned Guangzhou, the Guangzhou Toyota Motor Co, has terminated early contracts of about 1,000 dispatch workers. The decision comes amidst mounting pressure from a price war in the world's largest auto market.

Ukrainian former military official was detained on Monday for suspected corruption following reports his family bought real estate worth millions of dollars in Spain after the Russian invasion.Yevgen Borisov was in charge of mobilisation and conscription in the southern Odesa region until his dismissal in late June. Investigators in May accused Borisov of accepting bribes in return for exempting some people from being mobilised in the army.Ukraine's State Bureau of Investigation, which probes high-level corruption, said Borisov had been detained in Kyiv in a joint operation with the prosecutor general's office.

Russian authorities have accused Ukraine of launching a drone attack on Moscow during which one of the aircraft fell near the Defense Ministry’s main headquarters

A train derailment in northern Montana spilled freight and left cars tangled up along a major east-west railroad corridor

Federal land managers have pulled the plug on a Canadian mining company’s lithium exploration project near a national wildlife refuge in southern Nevada

Kansas City metro area is under a severe thunderstorm watch issued by the National Weather Service, lasting from 5 a.m. until noon on Monday. The watch includes parts of Kansas, Missouri, and Iowa.

China got their campaign up and running at swimming's world championships on Monday, claiming two gold medals to banish the memory of a forgettable showing at last year's competition. China won only one individual gold in the pool last year in Budapest but they doubled that tally in the evening's first two races in the southern Japanese city of Fukuoka.Qin Haiyang got things started with victory in the men's 100m breaststroke, taking advantage of dominant Olympic champion Adam Peaty's absence from the competition.Zhang Yufei followed that up with gold in the women's 100m butterfly, beating Olympic champion Maggie MacNeil into second place in a field chock-full of talent. «Last year the whole team didn't perform very well, and we worked hard and tried to be ready for these championships,» Zhang said.

Toyota Motor Corp has dismissed some workers at one of its plants in China, three workers told Reuters, as the Japanese automaker struggles with a price war and sales slump in the world's largest auto market. The joint venture between Toyota and China's state-owned Guangzhou Automobile Group (GAC) laid off the workers over the weekend and offered them compensation, said the workers, who declined to be named for privacy. The workers affected were hired by labor service companies and dispatched to work at the factory of GAC Toyota in the southern city of Guangzhou.

Russian wheat export prices jumped last week along with global prices after Russia's withdrawal from the Black Sea grain deal and amid restrictions on navigation in the Kerch Strait, analysts said. Last Monday Russia pulled out of the U.N.-backed deal that allowed the safe Black Sea export of Ukraine's grain, after saying for months that conditions for its extension had not been fulfilled. The passage of cargo ships through the Kerch Strait was closed from July 16 to 20, sources told Reuters.

Greece on Saturday faced its hottest July weekend in 50 years, with temperatures forecast to soar above 40 Celsius (104 Fahrenheit), while a record-breaking heat wave stretching across the southern United States was expected to expand in the coming days. Over the past 24 hours, 162 fires have been reported across Greece amid high winds and extreme heat. The Greek Coast Guard, which led efforts to rescue tourists and locals from Rhodes, also helped evacuate 59 people from a beach in northern Corfu last night as another blaze threatened.

As crypto entrepreneurs such as FTX co-founder Sam Bankman-Fried and former Celsius CEO Alex Mashinsky face criminal allegations of misconduct and possibly prison time, one of the Justice Department’s earliest collars has a message for today’s players: Get compliant. Charlie Shrem was an early apostle of cryptocurrency, earning millions of dollars trading bitcoin and treated like a rock star worldwide, with fans at conferences snapping photos of him and pushing business cards at him.

Greta Thunberg is set to go on trial on Monday charged with disobeying police at a rally last month, in which activists blocked the port in the city of Malmo. She is due to appear before the court in the southern Swedish city at 0930 GMT. The 20-year-old activist «took part in a demonstration that disrupted traffic» and «refused to obey police orders to leave the site», according to the charge sheet seen by AFP. She faces a maximum sentence of six months in prison, but prosecutor Charlotte Ottosen told AFP that usually these types of charges result in fines. The rally, organised by environmental activist group «Ta tillbaka framtiden» (Reclaim the Future), tried to block the entrance and exit to the Malmo harbour to protest against the use of fossil fuel.

Livestock and crops are sweltering under high temperatures across much of the U.S., adding to the agriculture industry’s costs and threatening production. Chicken and pork producers in southern states are using mist and foggers to keep birds and hogs cool. Cattle are eating less feed in the heat, packing on fewer pounds and potentially costing producers money.

New Delhi: The India Meteorological Department (IMD) has forecast very heavy rainfall of 115.6 to 204.4 mm in Himachal Pradesh and Uttarakhand on Wednesday and Thursday. The two states have been issued an orange alert. During 1 June-23 July, northwest India received 40% above-normal rainfall at 318.8 mm.

As per media reports, President Volodymyr Zelensky accused Russia of intentionally targeting grain export infrastructure in the southern Ukrainian port of Odesa during a second night of strikes. He expressed concern that such actions were endangering vulnerable nations. As a response, Kyiv called upon other countries in the Black Sea region to step in and ensure the safe passage of cargo ships.

Southern Petrochemicals Industries(up 0.90%), Sikko Industries(up 0.69%), Mangalore Chemicals & Fertilizers(up 0.64%), Nagarjuna Fertilizers & Chem(up 0.56%), G S F C(up 0.48%), Madhya Bharat Agro Products(up 0.45%), KRISHANA(up 0.30%), National Fertilizer(up 0.28%), Chambal Fertilisers & Chemicals(up 0.24%) and Madras Fertlizers(up 0.18%) were among the top gainers. Agro Phos(down 0.89%), Gujarat Narmada Valley Fertilizers (down 0.35%), Fertilizers & Chemicals Tranvancore(down 0.34%), Paradeep Phosphates(down 0.32%), Coromandel International(down 0.27%), Deepak Fertilizers & Petrochemicals(down 0.27%), Rama Phosphates(down 0.20%), Bohra Industries(down 0.19%), Rashtriya Chemicals & Fertilizers(down 0.04%) and Aries Agro(down 0.03%) were among the top losers.

Faversham, England | The world is full of sun-blessed places. And then there’s England, with a world-class reputation for being anything but.

After France, UAE and Singapore, now our southern ... moreAfter France, UAE and Singapore, now our southern neighbour Sri Lanka is also set to accept India's Unified Payments Interface.

By Angelo Amante and Keith Weir

Karnataka, especially the coastal and southern region, brought hopes of a good harvest for farmers staring at a drought-like situation due to inadequate rains in the last two months. According to Meteorological Department, there were heavy rains as southwest monsoon was active over the state and rainfall occurred at most places over coastal Karnataka, south interior region and at many places over northern areas. There was very heavy rainfall in several parts of Dakshina Kannada, Uttara Kannada, Chikkamagaluru, Udupi and Kodagu districts.

Russia struck the Ukrainian Black Sea city of Odesa again on Sunday, local officials said, keeping up a barrage of attacks that has damaged critical port infrastructure in southern Ukraine in the past week. At least one person was killed and 22 others wounded in the attack in the early hours. Regional Governor Oleh Kiper said that four children were among those wounded in the blasts, which severely damaged the historic Transfiguration Cathedral, a landmark Orthodox cathedral in the city.