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Nearby hikers reportedly witnessed the incident that unfolded in rugged, rocky terrain.

The Exodus Continues... Britain's 3rd Largest Taxpayer Escapes To Greece

Britain’s highest taxpayers have been drifting offshore since the non-dom regime was scrapped in April 2025 and inheritance tax was extended to worldwide assets.

This shift is already visible on the Sunday Times lists: six of the 2026 Tax List’s top 100 (including Revolut’s Nik Storonsky) had left in the previous year, the compiler noted that one in nine names on that list were no longer UK-resident, and the companion Rich List dropped dozens of foreign billionaires while recording a sharp rise in British nationals now based in Dubai, Switzerland and Monaco.

But, the latest news is likely the most disturbing to the increasingly socialist government as the UK's 3rd largest taxpayer - hedge fund founder Chris Rokos - is set to leave.

 The star trader paid a stunning £330 million ($447 million) in taxes last year...

That's one hell of a hole for Burnham and his buddies to fill.

As Bloomberg reports, Rokos is the latest in a string of high-profile financiers and business leaders that have opted to leave.

Since winning the general election in 2024, Labour has targeted wealth with taxes on non-domiciled residents, inheritance on family farms and businesses, private equity and private school fees.

At her last budget, former chancellor Rachel Reeves introduced a tax on homes worth more than £2 million.

With a net worth of about $4 billion according to the Bloomberg Billionaires Index, Rokos is among the UK’s most prominent figures in finance.

The Rokos Capital Management founder is switching his residency to Greece, people with knowledge of the arrangement said.

Rokos will also open an office in Athens as part of the move, one of the people said, asking not to be identified because the details are private.

Greece offers a 15-year high-net-worth investor regime.

Italy operates a similar 15-year system, but after recent increases, it has set the flat tax at €300,000 on foreign-sourced income.

Greece has also sought to lure fund managers and private equity executives, adopting new tax rules this summer designed to prevent double taxation.

If the highest taxpayers keep leaving - as Rokos’s reported move to Greece underlines - Labour’s bet that abolishing non-doms and tightening inheritance tax would raise more money starts to look fragile, because a thin slice of people already supplies a large share of income-tax receipts.

The government then faces an awkward choice: accept a smaller tax base and tighter budgets, or raise rates on the mobile and immobile alike and risk accelerating the outflow it is trying to tax.

Tyler Durden Tue, 09/08/2026 - 04:15

Three men charged with murder in the 2024 killings of two Australian brothers and an American friend went on trial Monday in Mexico’s Baja California state, court officials said.

Iran To Draw New "Restricted Zone" In Hormuz As Saudi Aramco Facility Hit Again, Oil Climbs

At a moment US officials have been boasting of more and more oil tankers making it through the Strait of Hormuz under US naval protection and support, Iran has previewed a new 'restricted zone' in the Gulf, which it says will be announced in the coming days.

The announcement is expected to include maps of the new shipping corridor through the Strait of Hormuz, likely to begin from where the US blockade of Iran starts and extending into areas of the Gulf, according to Iran's Supreme National Security Council on Sunday.

Jizan Industrial Gas Complex

"The maps of a new international corridor which lies in Iranian and Omani waters and in which Iran will have management have been agreed and should be signed in the coming days," national security council official Mohsen Rezaei said.

"We will only commit to the Strait of Hormuz being open when they (the Americans) stop the sabotage, threats and attacks on Iran," he added. Per a Monday Bloomberg note:

Oil advances, with Brent futures trading above $97 a barrel, after US attacks on Iranian tankers and Tehran’s threat of a new restricted zone outside the Strait of Hormuz. European natural gas prices surge. Meanwhile, Ukraine is resigned to Russia’s war dragging on through another tough winter.

Also, in a latest Monday warning, Parliament Speaker Mohammad Bagher Ghalibaf has put US energy firms on notice, saying they could be targeted if Iranian tankers continue to be attacked (following precisely a rare US airstrike on an Iranian civilian tanker).

According to Ghalibaf's words on X: "It's simple: the oil and gas production chain here is sprawling, accessible, and exposed. American oil and gas companies across these waters and facilities share that exposure. Strike our assets and you get struck. We’ve already proven it. Ask the bases that are no longer viable."

Brent reaches high since July 23

The top Iranian negotiator also said in a weekend speech, "The Americans must have understood that the era of proportionate responses has come to an end," adding that "any aggression against Iran's interests and security will receive a faster, more intense and more painful response.”

Across the Gulf, the UAE is voicing its frustration, vowing to establish alternative energy routes:

The United Arab ​Emirates is building alternative routes for its energy exports and trade to ensure they are not "held ‌hostage" by the ongoing war between the U.S. and Iran, UAE presidential adviser Anwar Gargash said on Monday.

"Our energy exports will not be held hostage, nor will our trade and economic activity," Gargash ​said before the Hili Forum in Abu Dhabi.

Meanwhile, not helping rising energy prices is fresh reporting out of Saudi Arabia of key oil facilities hit, likely by more Houthi attacks from neighboring Yemen.

"Saudi Aramco’s oil facilities in the Saudi Arabian city of Jizan have been attacked only a month after a separate strike temporarily knocked out some production at its refinery," Financial Times reports. "The company’s oil infrastructure was hit on Monday and the damage was being assessed, said two people with knowledge of the matter."

Tehran continues to see itself as having the ability to leverage economic blowback against Washington...

It’s simple: the oil and gas production chain here is sprawling, accessible, and exposed. American oil and gas companies across these waters and facilities share that exposure. Strike our assets and you get struck. We’ve already proven it. Ask the bases that are no longer viable. https://t.co/XiHAf6KzqV pic.twitter.com/0wBf40K4D3

— محمدباقر قالیباف | MB Ghalibaf (@mb_ghalibaf) September 7, 2026

Jizan provides a convenient targeting opportunity for the Houthis given its closeness to the Yemeni border as a significant Saudi industrial city. The Iran-linked group has not immediately claimed responsibility for any fresh attacks on the kingdom, however.

Bloomberg reports Monday, "The latest attack didn’t cause major damage, the people said, asking not to be identified discussing confidential matters. The 400,000 barrel-a-day refinery remains shut following a strike in July, one of them said."

The Houthis have sought to impose a blockade on Saudi Arabia's Red Sea ports since July - and this has been coupled by sporadic major drone and missile attacks on Saudi oil sites. Ansar Allah is no doubt working in tandem with Tehran keep up the pressure on global energy markets.

Weekend & Overnight Developments

• US launched strikes against three Iranian crude oil tankers on Saturday, which destroyed one, in retaliation for the IRGC targeting US Navy warships with ballistic missiles.
• Iran’s navy said it targeted three oil tankers that were travelling through unauthorised routes in the Strait of Hormuz and three additional US vessels in other areas.
• US President Trump said on Friday that they do intermittent strikes in Iran and that the Iran issue is a military conflict, while he added that they may hit Pickaxe Mountain very soon. Trump warned that if anything goes badly with Iran, they may hit them hard and have essentially taken over Iran. He also claimed there have been no shootings for days and there are no mines in the Strait.
• US Energy Secretary Wright said a nuclear deal with Iran may not be achievable in the near term and military action may be needed to address threats from Iran, according to ABC News.
• Iran's top security official Rezaei said Iran and Oman will sign agreed Strait of Hormuz passage maps in the coming days and that Iran will commit to keeping the Strait of Hormuz open when the US neither threatens Iran nor attacks it. Rezaei also stated that they will announce in the coming days and weeks a restricted zone outside the Strait of Hormuz that starts from the US Navy's blockade line and extends through the strait into the Persian Gulf, and any ship identified entering this zone with the intention of passing through the strait will be added to the sanctions list. Furthermore, he said that Iran tested an Iranian anti-ship missile above a US warship for the first time and claimed the missile created 'hell' for the Americans 'and they fled'.
• Iranian Parliamentary Speaker Ghalibaf warned that Iran’s response to any attack against its interests and security would be faster, heavier and more painful.
• Iran's Foreign Ministry said the US-led war is disrupting global oil trade and costs, while it added that US aggression is causing instability in the Strait of Hormuz.
• Israeli military announced that it struck southern Lebanon after Hezbollah launched drones towards Israeli soldiers in the security zone. Israel's army also issued an evacuation warning to residents of a building in Deir Zahrani, southern Lebanon.
• Israeli Finance Minister Smotrich said PM Netanyahu ordered the evacuation of certain settlement outposts in the West Bank. It was separately reported that Israel conducted an airstrike on eastern Gaza City with four missiles.
• Joint statement by UAE, Saudi Arabia, Qatar, Jordan, Indonesia, Pakistan, Turkey and Egypt Foreign Ministers strongly condemned statements made by Israel's National Security Minister Ben-Gvir and Defence Minister Katz regarding the displacement of Palestinians.
• Yemeni armed forces said they thwarted an attempt by Houthis to infiltrate the Dabab front, while they announced that warplanes struck Houthi positions in Balhaf and south of Hodeidah.

Tyler Durden Tue, 09/08/2026 - 04:00

Why Won't China Cut Ukraine Off From Drone-Related Sales?

Authored by Andrew Korybko via Substack,

Indefinitely perpetuating the Ukrainian Conflict through these means indefinitely delays the full implementation of the US' planned "Pivot (back) to (East) Asia", can lead to Russia selling its natural resource wealth to China at bargain-basement prices, and maintains China's "active neutrality".

Radio Free Europe/Radio Liberty (RFE/RL) referenced the EU's summertime disbursement of the first €1 billion to Ukraine for drone procurement out of the €6 billion promised for this program in an article late last month about how "Ukraine's Drone War Exposes An Uncomfortable Reliance On China". They drew attention to the carve-out allowing Ukraine to purchase Chinese parts with these funds, ergo the politically incorrect observation back then that "The EU Plans To Pay China To Help Ukraine Kill Russians".

RFE/RL reported that "While Kyiv has cut back on the purchase of ready-made drones from China, components such as motors, lithium batteries, and fiberoptics are still in high demand." Additionally, "In the first six months of 2026, imports of Chinese parts had already reached around 76 percent of the total recorded for the previous year." They also cited a Ukrainian report which claimed that "38 percent of the value of drone components imported by Ukraine in the first half of 2025 came from China."

The purpose of their piece appears to be to instill a sense of urgency in Ukraine and the West alike to radically ramp up domestic drone production in order to reduce what one of their cited experts described as Ukraine's "hostile interdependence" on China. They explained that "Beijing remains Kyiv's largest trading partner, while Ukraine is a key supplier of agricultural goods to China." That's true, and it's one of the reasons why China won't cut Ukraine off from drone-related sales, but there's more to it.

While Sino-Russo ties are better than at anytime in history, it was suspected as far back as early 2023 that "China Doesn't Want Anyone To Win In Ukraine", the reason being that a supposedly manageable forever war would indefinitely delay the full implementation of the US' planned "Pivot (back) to (East) Asia". Moreover, resource-rich Russia could become disproportionately dependent on China, thus leading to Moscow selling its natural wealth to Beijing at bargain-basement prices.

In pursuit of this cynical end, China has simultaneously played an irreplaceable role in providing Ukraine with drones, parts, and fiber optics (even if only indirectly through intermediaries like apologists have speculated) while serving as an irreplaceable valve from sanctions pressure for Russia. Ukraine is therefore able to keep pace with Russia's military-technical advancements, the Russian economy avoids the crisis that the West sought to catalyze through sanctions, and China maintains its "active neutrality".

The last point refers to China actively helping Ukraine and Russia, thus making it neutral in the sense of not taking either side. China financially profits from Ukraine's drone-related purchases, its economy continues growing due to the large-scale import of heavily discounted Russian energy, and it relatively reduces the overall Western pressure upon it by proving that it's not secretly "allied" with Russia. This policy, for whatever one might think about its merits, indisputably contributed to prolonging the conflict.

Had China cut Ukraine off from its drone-related sales in the spirit of its "no-limits" partnership with Russia that was declared several weeks before the start of special operation, then Russia might have attained more of its stated objectives in the conflict by now, if not outright achieved maximum victory. The US' military and intelligence support for Ukraine is more important than China's drone-related sales, but since there's no end to US support in sight, Russia should try to get China to finally cut Ukraine off.

Tyler Durden Tue, 09/08/2026 - 03:30

SOUTHCOM said the vessel supported at-sea narco-trafficking for the Ecuador cartel recently named a terrorist group.

Dear Abby advises a reader who is tired of spending time with an old pal who dominates every conversation.

Users say they are losing money or risk having their accounts suspended because Meta struggles to identify scammers.

Europe's Auto Bloodbath Deepens: Jaguar Land Rover To Axe 4,000 Jobs After VW Targets 50,000 More Job Cuts

Europe's industrial base faces yet another setback, with Bloomberg reporting that Jaguar Land Rover plans to cut 4,000 jobs over the next two years. Britain's largest carmaker is confronting intensifying Chinese competition and adding to the broadening wave of planned and ongoing layoffs across European automakers.

The job cuts represent about 10% of Jaguar Land Rover's global workforce and is part of a $2.3 billion savings plan, Chief Executive Officer P B Balaji said Monday. The layoffs are not expected to begin immediately.

The workforce restructuring comes as the struggling automaker faces a sharp deterioration in earnings. Revenue fell 10% in the latest quarter, while pretax profit plunged 69% to 109 million pound sterling. 

On Monday, CEO P B Balaji said, "The automotive industry faces significant challenges, with technological change amidst intense competition and ongoing geopolitical uncertainty."

It's not just a BYD Motors invasion of Europe that is pressuring Jaguar Land Rover. As the Tata-owned automaker warned, pressures are developing from several directions. Higher tariffs have complicated business in the US, its largest market. A fire at a key parts supplier and disruption from the Middle East conflict have compounded the damage caused by the cyberattack.

In recent weeks, Europe's automotive industry has continued its death spiral, with news that Volkswagen pushed ahead with its plan to eliminate another 50,000 jobs, adding to soaring job losses across the industry.

A sustained downturn in Europe's automotive industry raises risks across the broader industrial base. Lower vehicle output would weaken demand for steel, aluminum, glass, chemicals, semiconductors, batteries, and other components, putting pressure on supplier margins and investment. If prolonged, that weakness could trigger additional production line closures and worker losses. That spiral appears to be already underway, eroding manufacturing capabilities that also support defense production.

Tyler Durden Tue, 09/08/2026 - 02:45

Greenland's Icecap Grew This Year

Authored by Paul Homewood via The Daily Sceptic,

Greenland's icecap is melting away thanks to global warming, at least that is what we are told. According to the EU's European State of the Climate 2025 Report, the ice sheet lost 139 Gt last year. They say that is equivalent to about 1.5 times the amount of ice stored in all the glaciers in the European Alps, and raised global mean sea level by 0.4 mm. (A gigatonne is one billion tonnes.) Since 1972, losses have amounted to 5,747 Gt. The rate of ice loss has increased by around five times since the 1980s and is expected to continue increasing beyond the end of the century.

These amounts sound terrifying, which is of course the object of the exercise - at least until you realise that at present rates it would take Greenland 27,000 years to melt away.

I am always suspicious when 'scientists' present trends since the 1970s, a time when the Earth had gone through three decades of cooling and there were genuine fears among both scientists and world leaders about the return of the Little Ice Age. I am even more suspicious when I discover that official data about the Greenland ice sheet is publicly available back to 1840.

In 2021, a peer-reviewed study calculated the annual changes in the ice sheet mass balance since 1840. (The heavy black line represents the net changes, which is of relevance to this discussion):

The graph confirms that the ice sheet has been losing mass since the 1980s. But crucially, we can see that the melting began around 1900. During the period 1920 to 1970, ice loss was running at similar levels to the last three decades - this is hardly surprising, as temperature records across Greenland show that it was just as 'warm' then as now. In between times, there was a sharp decline in temperatures in the 1970s and 80s.

In other words, this is not a new phenomenon, as we are expected to believe. It is part of a much longer process, which began long before so-called man-made global warming began.

Scientists have long established, with the help of ice cores and other evidence, that the 19th Century was probably the coldest era in Greenland since the Ice Age. During warm eras, such as the Middle Ages, Roman times and earlier millennia, the ice cap was smaller than it is now. Any reduction in the ice cap in the last century must be viewed as part of these longer-term cycles.

Ice mass data is still regularly published and provisional data is now available for the year ending August 2026 - Greenland ice data is normally presented by "hydro-year", September to August.

Since the 2021 study, ice loss has continued to slow down and is back to 1920s levels. The 2025/26 season actually saw a small increase of 6 Gt in ice mass. Greenland never really had a summer this year. Whereas the summer melt usually begins in early June, cold, snowy weather persisted well into July. As a result, summer melt was around 200 Gt less than normal.

It is worth noting that the poor summer in Greenland was part of the wider jet stream setup, which brought our hot summer. While we had a summer dominated by high-pressure systems, the rainy weather stayed out in the Atlantic, battering Greenland.

6 Gt is of course a tiny amount, given the massive uncertainty in how these things are calculated. There is no way to directly measure ice cap changes; instead, the numbers are calculated from computer models fed with data such as precipitation and temperature. The experts accept that they can often be wrong by as much as 100 Gt.

Nevertheless, it is abundantly clear that Greenland's icecap is doing just fine. It is still much larger than it has been for most of the last 10,000 years and, if it is shrinking at all, it is doing so no faster than a century ago.

Tyler Durden Tue, 09/08/2026 - 02:00

Court documents identify 27-year-old Adam White as the alleged shooter.

"She brought so much joy and passion to our team. Always knew how to put a smile on anyone's face or just light up a room. She will be deeply missed by all of us."

The counter-tariffs cover $20 billion of US goods, with duties ranging from 15% to 50% across products from steel and furniture to clothing and electronics.

The game plunged into chaos after a partial power outage left the two sides wondering if their contest would have to be postponed. 

Slayton’s Giants tenure started in 2019 when Big Blue selected him in the fifth round of the draft, and he would go on to spend seven seasons in East Rutherford. 

The last time Coco Gauff made it to the quarterfinals of the U.S. Open, the young American won the whole dang thing.

The couple and their grandkids spent Labor Day weekend watching the sunset at their home in Great Harbor Cay before tragedy struck.

Ostapenko went over to shake Joint’s and Chan’s hands after the match, but the latter made no effort to shake Hsieh’s hand. 

A collapse of scaffolding and display screens at “Star Wars” director George Lucas’ Skywalker Ranch in Northern California left five men injured, one seriously, on Monday. The incident happened during setup Monday morning for an event at Summit Skywalker Ranch in Nicasio, Marin County, NBC Bay Area reported. One patient suffered a head injury and...

Suddenly, there’s an uncomfortable irony to Shohei Ohtani’s walk-up music. Every time the dulcet tones of Michael Buble singing “…and I’m feeling good” come on, the Dodgers have to hope their two-way star does too. For the first time in almost a week on Monday, Ohtani was feeling good enough to return to the Dodgers’...