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There is a deal to be done with the US

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There is a deal to be done with the US


Chancellor Rachel Reeves has told the BBC she understands what President Trump wants to address with his tariffs, ahead of talks with her US counterpart in Washington on Friday.

“We’re all grappling with this issue of tariffs but I think that there is an understanding… why President Trump wants to address some of the global imbalances there are in the system,” she told the BBC’s Economics Editor Faisal Islam.

She was also bullish about the UK’s prospects going forward, saying there was a “deal to be done”, as the UK does not have a trade surplus or deficit with US.



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Supreme Court narrows federal environmental reviews for major energy projects

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Supreme Court narrows federal environmental reviews for major energy projects

The Supreme Court placed new limits on the bedrock environmental law that has, for decades, required federal agencies to study the environmental effects of energy and infrastructure projects such as pipelines, transmission lines, and highways. 

In an 8-0 ruling, the high court determined that courts should narrow the scope of reviews required by the National Environmental Policy Act to just the environmental effects of projects, and not consider broader downstream effects. The ruling could give a boost to the Trump administration’s efforts to ease major infrastructure projects.

The decision overturned a lower appeals court ruling that sided with environmentalists who accused federal regulators of failing to assess the risks to the broader environment by building an 88-mile rail line in Utah designed to transport crude oil to refineries along the Gulf Coast. 

The U.S. Court of Appeals for the District of Columbia Circuit previously ruled that the Surface Transportation Board was required to evaluate these broader effects, as the projects could contribute to greater Gulf Coast air pollution and other environmental concerns.

Thursday’s Supreme Court ruling rolled back that decision. 

“Simply stated, NEPA is a procedural cross-check, not a substantive roadblock,” Justice Brett Kavanaugh said in the opinion. 

“The goal of the law is to inform agency decision-making, not to paralyze it,” he said. 

Kavanaugh emphasized that under the 55-year-old law, federal agencies are only required to focus on the environmental effects of projects — in this case, the rail line. 

He said the law does not require the Surface Transportation Board’s environmental review, also referred to as an environmental impact statement, to address the upstream or downstream effects of oil refining. 

“Rather, it needed to address only the effects of the 88-mile railroad line,” the opinion said. “And the Board’s EIS did so.” 

All three liberal judges on the bench agreed with the final ruling, but offered a different reason. 

In a separate concurring opinion, Justice Sonia Sotomayor insisted that NEPA reviews conducted by federal agencies should be limited to the scope of their own sector. Therefore, in the case of the Surface Transportation Board, which has expertise in transportation, it would not be required to consider the effects of oil drilling and refining. 

“Under NEPA, agencies must consider the environmental impacts for which their decisions would be responsible,” Sotomayor said. 

“Here, the Board correctly determined it would not be responsible for the consequences of oil production upstream or downstream from the Railway because it could not lawfully consider those consequences as part of the approval process,” she said. 

Justice Neil Gorsuch did not participate in the ruling as he recused himself from the case.

The ruling was a major win for the Trump administration and Republicans, who have blamed NEPA for causing undue delays, excessive litigation, and additional costs within the permitting process for large-scale energy projects.

Supporters of the law, enacted in 1970, have insisted that NEPA is critical to avoiding the endangerment of public lands and wildlife, as well as to efforts to combat climate change. 

TRUMP ORDER REQUIRES FASTER ENVIRONMENTAL PERMITTING PROCESS, ENDING PAPER APPLICATIONS

The law has remained at the forefront of the permitting reform debate in Washington, with both Republican members of Congress and President Donald Trump taking steps to simplify NEPA-required reviews. 

Most recently, Trump signed an executive memorandum aimed at quickening the permitting process by bolstering the technology used in issuing these environmental reviews. This includes eliminating the use of paper-based application and review processes, accelerating processing time, reducing the length of documents related to applications, increasing the accessibility of such documents, and improving transparency of permitting schedules.

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‘Wrench attacks’ subject some cryptocurrency holders to violence, kidnapping

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'Wrench attacks' subject some cryptocurrency holders to violence, kidnapping


Police in two cases in the United States, and one in France, allege that brutal assaults were tied to cryptocurrency-related crimes that have spilled out from behind computer screens and into the real world as the largely unregulated currency surges in value. 

The alleged attempted robberies fall into a category often described as a “wrench attack.” It’s a name popularized by an online comic that mocked how easily high-tech security can be undone by hitting someone with a wrench until they give up passwords.

Wrench attacks are on the rise thanks in part to cryptocurrency’s move into mainstream finance, Phil Ariss of the crypto tracing firm TRM Labs said in a recent blog post.

Violence may be increasing for several reasons including that criminals believe they can get away with crypto theft because transactions are hard to trace and often cloaked by anonymity, TRM says.

“As long as there’s a viable route to launder or liquidate stolen assets, it makes little difference to the offender whether the target is a high-value watch or a crypto wallet,” Ariss said. “Cryptocurrency is now firmly in the mainstream, and as a result, our traditional understanding of physical threat and robbery needs to evolve accordingly.”

In Canada, a Toronto cryptocurrency company CEO was briefly held for ransom late last year, while Montreal police are investigating last year’s homicide of a 24-year-old cryptocurrency influencer. In both cases, police have been tight-lipped regarding the details or possible motives surrounding the crimes.

Here’s a look at some of the recent, high-profile international cases:

Manhattan townhouse captivity alleged

In the New York case, two American crypto investors — John Woeltz and William Duplessie — have been arrested on kidnapping and assault charges in recent days after a 28-year-old Italian man told police they tortured him to get his Bitcoin password. Attorneys for both men declined to comment.

Authorities said Duplessie and Woeltz lured the victim on May 6 to an eight-bedroom townhouse in the Soho district of Manhattan, one of the city’s most expensive neighbourhoods.

Over the next 17 days, the man told police he was bound by the wrists, shocked with electrical wires, pistol-whipped, cut on the leg with a saw and forced to smoke from a crack pipe. At one point, he said, he was dangled from the home’s top flight of stairs.

A cleanshaven Caucasian man is shown in closeup in a police vehicle.
William Duplessie, a suspect in the Manhattan kidnapping case, is shown in a police vehicle on Tuesday in New York City. (Yuki Iwamura/The Associated Press)

Believing he would soon be killed, the victim said he agreed Friday morning to give the men access to the password.

But as the men went to retrieve his computer, the victim was able to escape from the home and flag down a traffic agent on the street outside.

A search of the townhouse turned up a trove of evidence, prosecutors said, including cocaine, a saw, chicken wire, body armour, night vision goggles, ammunition and Polaroid photos of the victim with a gun pointed to his head and a crack pipe in his mouth.

The victim was hospitalized with injuries to his wrists consistent with being bound, cuts to his face and other injuries, authorities said.

Both Duplessie and Woeltz appear to be entrepreneurs focused on cryptocurrency. In online profiles, Duplessie is listed as the co-founder and head of sourcing at Pangea Blockchain Fund and an investor in other blockchain-based companies. An email seeking comment was sent to Pangea.

Woeltz has described himself in interviews as a blockchain investor who spent time in Silicon Valley before becoming involved in Kentucky’s burgeoning crypto-mining industry.

Lamborghini hijacking in Connecticut

While the allegations are still emerging, earlier this year 13 people were indicted on federal charges in Washington, D.C., accused of combining computer hacking and money laundering with old-fashioned impersonation and burglary to steal more than $260 million US from victims’ cryptocurrency accounts.

Some are accused of hacking websites and servers to steal cryptocurrency databases and identify targets, but others are alleged to have broken into victims’ homes to steal their “hardware wallets” — devices that provide access to their crypto accounts.

WATCH | Canadian police struggle with challenges in crypto cases:

Police struggling to keep pace with cryptocurrency fraudsters

Ottawa police say once money is invested in fraudulent cryptocurrency sites, it’s likely gone.

The case stemmed from an investigation that started after a couple in Danbury, Ct., last year were forced out of a Lamborghini SUV, assaulted and bound in the back of a van. An off-duty FBI agent just happened to be in the area at the time and helped police track the movements of the suspects’ vehicle, according to a longform feature on the case from New York Times Magazine.

Authorities allege the incident was a ransom plot targeting the couple’s son — who they say helped steal more than $240 million US worth of Bitcoin from a single victim.

The son has not been charged, but is being detained on an unspecified “federal misdemeanour offence” charge, according to online jail records. Police stopped the carjacking and arrested six men.

Spate of incidents in France

Meanwhile in France, kidnappings of wealthy cryptocurrency holders and their relatives in ransom plots have spooked the industry.

Attackers recently kidnapped the father of a crypto entrepreneur while he was out walking his dog, and sent videos to the son including one showing the dad’s finger being severed as they demanded millions of euros in ransom, prosecutors allege. Police freed the father and arrested several suspects.

Two buildings and a narrow lane are shown from street level in a daytime photo. The buildings appear to be many decades old.
A woman walks her dog on Rue Pache, near the location where a masked gang attempted to kidnap the daughter of a crypto businessman, in Paris, on May 14. (Gonzalo Fuentes/Reuters)

Earlier this year, men in masks attempted to drag the daughter of Pierre Noizat, the CEO and a founder of the bitcoin exchange platform Paymium, into a van, but were thwarted by a shopkeeper armed with a fire extinguisher. Noizat told a French television network that his son-in-law needed stitches as a result of the attack, and he implored authorities to do more to prevent targeted attacks.

And in January, the co-founder of French crypto-wallet firm Ledger, David Balland, and his wife were also kidnapped for ransom from their home in the Cher region of central France. They also were rescued by police and 10 people were arrested.

French Interior Minister Bruno Retailleau recently said security will be beefed up for crypto entrepreneurs and their families, with offers of security briefings by elite police units, priority access to emergency services and police checks of their home security.



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Did kitchen job play role in ’Devil in the Ozarks’ prison escape?

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This undated photo provided by the Arkansas Department of Corrections Communications Department shows inmate Grant Hardin.


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Arkansas authorities are looking at whether a job in the prison kitchen played a role in the escape of a convicted former police chief known as the “Devil in the Ozarks.”

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Grant Hardin, 56, was housed in a maximum-security wing of the Calico Rock prison from which he escaped on Sunday by donning an outfit designed to look like a law enforcement uniform, Arkansas Department of Corrections spokesperson Rand Champion told The Associated Press Thursday. But Hardin also held a job in the kitchen of the medium-security facility.

“His job assignment was in the kitchen, so just looking to see if that played a part in it as well,” Champion said.

Hardin, the former police chief in the small town of Gateway near the Arkansas-Missouri border, was serving lengthy sentences for murder and rape. He was the subject of the TV documentary “Devil in the Ozarks.”

Local, state and federal law enforcement continued their search for Hardin on Thursday, and the FBI on announced Thursday it was offering a reward of up to $10,000 for information leading to his arrest. Champion said officials remained confident that Hardin was in the north-central Arkansas area.

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Officials have said there are plenty of hideouts in the Ozarks Mountains area, from caves to campsites.

The department late Wednesday said search teams also responded to Faulkner County in the central Arkansas area after receiving a tip.

Champion did not immediately know how many other inmates were housed in the prison’s maximum-security wing.

Hardin’s assignment to the prison, formally known as the North Central Unit, has drawn questions from legislators in the area and family members of the former chief’s victims.

Hardin received culinary training at some point during his incarceration, said Cheryl Tillman, whose brother James Appleton was shot to death by Hardin in 2017.

Tillman said she was aware that Hardin had been working in the kitchen at the Calico Rock prison, and questioned why he would be allowed to do so.

“It sounds like to me that he was given free range down there,” she said in an interview this week.

Now that he’s free, “it makes it uneasy for all of us, the whole family,” she said.

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