As Time Warner gives up on Vice, A&E enters the fray. Walt Disney and Hearst’s jointly owned A&E Networks cable television group is nearing a deal (paywall) to buy 10% of Vice Media, the Financial Times reported. This comes hours after a New York Times report that Time Warner ended months of negotiations to acquire a stake in fast-growing Vice.
Ebola has reached another country. Senegal became the fifth country hit by the Ebola virus, after a hospital in Dakar received a patient who had escaped the surveillance of health officials in nearby Guinea after being exposed to the virus there. Meanwhile, riots broke out in southeast Guinea, where infection rates are climbing.
The US finds more sanctions violations. More than 25 people or businesses got penalized for evading sanctions against Iran. The Treasury Department targeted a Russian bank, an Iranian airline and other entities accused of helping Iran’s weapons programs. Meanwhile the State Department sanctioned companies thought to have provided either support to Iran’s petrochemical industry or means for weapons proliferation.
Bad news at Tesco means a shorter break for the new boss. Britain’s largest retailer—the third-largest in the world—issued its third profit warning of the year and slashed its dividend by 75%. The company’s new boss, Unilever’s Dave Lewis, will join the group next week, a month earlier than planned; he has his work cut out.
Brazil’s economy has entered a pre-election recession. GDP shrank 0.6% in the second quarter as high borrowing costs and inflation hurt investment and consumer demand. First-quarter data was also revised to a 0.2% contraction; so, for the first time in more than five years, Brazil is in a recession. President Dilma Rousseff has slipped in opinion polls ahead of the Oct 5 general election.
Upping the ante with Russia, Ukraine says it will seek NATO membership. Prime minister Arseny Yatsenyuk said he would ask parliament to give up the country’s nonaligned status. NATO’s secretary general said the organization would “fully respect” (paywall) Ukraine’s potential application to join the alliance.
UK raises its terror threat level for the first time in three years. It was upped from ‘Substantial’ to ‘Severe,’ the second-highest of five levels, in response to events in Syria and Iraq, where at least 500 British nationals have traveled to join Islamist and rebel groups. The last time the level was set at ‘Severe’ was in 2011.
For the first time, a gay couple in Italy can adopt a baby. The juvenile court in Rome ruled in favor of the adoption of a daughter by her mother’s female partner—which makes the gay couple the first such pair to be granted an adoption in Italy. The judge said the couple met all the requirements the law demands from adoptive parents.