Good Morning Australia! - A rogue trader will spend more than a decade in jail for a major financial scandal - The Iran Nuclear Deal gets a big boost - Cameras were recording as two giant construction cranes crashed into a sleepy Dutch village - and much more in your CareerSpot Global News Briefs:
The first person to be tried for rigging Libor rates has been sentenced to 14 years in prison. The UK jury found former London trader Tom Hayes guilty on all eight charges of conspiracy to defraud. The Libor rate is used as a benchmark for trillions of pounds of global borrowing and lending. Financial authorities say Hayes set up a network of brokers and traders spanning ten major financial institutions and cajoled or bribed them to help rig Libor rates for profit. Hayes defense says he is being used as a scapegoat for what was a widespread practice.
The Greek stock market lost 16 percent on its first day back in business after being closed for five weeks. Banking shares led the plunge, losing as much as 30 percent. Only nine stocks were gainers - ironically, including the Dromeas furniture company which perked up on word it had landed a 30 Million Euro deal to supply European Commission offices.
A Syrian war plane crashed into a neighborhood killing at least 31 people in Ariha, a village in Idlib province that had recently been captured by Al Nusra and Al Qaeda-linked Islamist rebels. The jet was on a bombing raid, and it's not clear if it was shot down or crashed for another reason.
The US for the first time attacked non-Islamic State targets in Syria, directly engaging Al Nusra Front forces who were fighting the Free Syrian Army. The Pentagon did not specify where this engagement took place last week. It could set off complaints of "mission creep", as all of the US rhetoric about Syria thusfar has been about attacking Islamic State.
The Gulf States are throwing their support behind the Iran Nuclear Deal, after US Secretary of State John Kerry visited the region. He promised them better intelligence-sharing and faster arms transfers in return. Qatari Foreign Minister Khalid al-Attiya said the Iran deal represented the best option for regional stability.
Further signs of destabilization in Burundi: A prominent human rights activist was shot and wounded by unknown assailants in the capital, Bujumbura. Pierre Claver Mbonimpa is president of The Association for the Protection of Human Rights and Detained Persons. This comes a day after the drive-by killing of General Adolphe Nshimirimana, a top military general and security chief who was a close ally of President Pierre Nkurunziza, who is warning against revenge attacks in the wake of the shootings.
Is it even safe to ride an escalator in China? A Shanghai mall maintenance worker lost his leg to the machinery of an escalator after the landing panel he was standing on collapsed, sending him into the gears. This happened a week after 30-year-old mother Xian Liujuan managed to push her toddler son to safety just before she was mangled to death in Hubei province. And on Friday, a toddler's arm was seriously injured by an escalator at a mall in the southern Guangxi region. Escalator accidents killed 37 people in China in 2014.
Dutch investigators are determining why two cranes on a pontoon collapsed, crushing several buildings and injuring at least 21 people. This happened in the central Dutch town of Alphen aan den Rijn, south of Amsterdam, where crews were attempting to install a new ramp on a bridge over a canal. Crews searched through the night to make sure no one was trapped in the rubble.