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Rescue teams' vehicles are seen near the site of the incident of the helicopter carrying Iranian President Ebrahim Raisi in Varzaghan in northwestern Iran, on May 19. It has also brought a decades-long shadow war between Iran and Israel out into the open. But the proxy war continues with Iran-backed militias such as Hamas and Hezbollah continuing to fight Israel’s forces. The powers of Iran's president are ultimately dwarfed by those of Supreme Leader Ayatollah Ali Khamenei, who is the final arbiter of domestic and foreign affairs in the Islamic Republic. That means Iran's clerical establishment, headed by Khamenei, must now find a new leader they can throw their support behind against a backdrop of intense regional insecurity and domestic discontent.
Persons: Ebrahim Raisi, Azin, Israel —, Israel, Mahsa, Raisi, Ayatollah Ali Khamenei, , Mohammad Mokhbar —, Khamenei Organizations: Moj News Agency, Hamas, Revolutionary Guards, United Locations: Varzaghan, Iran, Gaza, Israel, Damascus, Iranian, Isfahan, United Nations, Islamic Republic
Iranian state broadcasters are airing Islamic prayers in between their news broadcasts following the announcement that President Ebrahim Raisi and eight others died after the helicopter they were traveling in crashed in Iran's East Azerbaijan province. Iran's government convened an "urgent meeting" on Monday, according to Iranian state news agency IRNA. A photo shared by IRNA showed that the chair that Raisi usually sits in was vacant and draped with a black sash in memory of the president.
Persons: Ebrahim Raisi, IRNA Organizations: IRNA Locations: Iran's East Azerbaijan province, Iran's
Many resorts move their clocks at least one hour ahead of the country’s official time zone – which is five hours ahead of Greenwich Mean Time (GMT+5). The JW Marriott is one of four Maldives properties under the Marriott Group umbrella, alongside St. Regis Maldives Vommuli Resort, the Westin Maldives Miriandhoo Resort and the Ritz-Carlton Maldives, Fari Islands. Video Ad Feedback Inside one of the Maldives' most luxurious resorts 02:30 - Source: CNNSoneva, another luxury resort group with multiple properties around the Maldives, also sets the clocks at its resorts an hour ahead of Male Time. Not every island resort follows island timeVideo Ad Feedback Flying with the barefoot pilots of the Maldives 02:31 - Source: CNNNot every resort in the Maldives follows island time. “Here at Kurumba Maldives we don’t use island time and never have, simply because as the first resort in the Maldives the concept of island time didn’t exist,” says Ali Farooq, resort manager at Kurumba, which opened in 1972.
Persons: Mohit Dembla, Matteo Colombo, , Zhilah Vego, CNN Soneva, Soneva Jani, Jani Time, Charles Morris, , , Regis, Ali Farooq, Marriott’s Organizations: CNN, JW, Spa, CNN Travel, Marriott, Marriott Group, St, Regis, Westin, Ritz, Carlton Maldives, GM, ” Staff, Maldives ’, butlers, Kurumba, Velana International Locations: Maldives, Greenwich, Regis Maldives, Westin Maldives, Fari Islands, Beach, Maldivian, St, Kurumba Maldives, Kurumba, Malé
Iranian President Ebrahim Raisi speaks during a meeting with the cabinet in Tehran, Iran, October 8, 2023. Iranian President Ebrahim Raisi and Foreign Minister Hossein Amirabdollahian died in a helicopter crash, state media reported Monday. Iranian state television reported there was "no sign of life" at the crash site of the helicopter that carried Raisi, Amirabdollahian, and others. "All the passengers of the helicopter carrying the Iranian president and foreign minister were martyred," semi-official news agency Mehr News reported. "The overall outline of Iranian foreign policy is not likely to change significantly."
Persons: Ebrahim Raisi, Hossein Amirabdollahian, Ali Ahmadi, CNBC's, Raisi, Malik Rahmati, Affairs Mohsen Mansouri, Pirhossein Koulivand, Ayatollah Khamenei Organizations: Mehr News, FARS News Agency, Geneva Center for Security, Communication, Affairs, Iran's Revolutionary Guards Corps Locations: Tehran, Iran, FARS, Azerbaijan Republic, Iran's, East Azerbaijan's, Tabriz, Turkey, Russia
Defense lawyers say they expect to complete their bruising cross-examination of Cohen, Trump’s former lawyer and enforcer, on Monday morning. In dramatic testimony, Cohen last week directly implicated Trump in the alleged scheme, saying the former president directed him to hand over $130,000 to Daniels and promised him reimbursement. With the end of Cohen’s testimony looming, there is uncertainty over the extent of Trump’s defense case. Blanche referred to the possibility of Trump’s testimony on Thursday, the last day the court was in session. After the defense case wraps up, the prosecution has a chance to put on its own rebuttal.
Persons: Donald Trump’s, Michael Cohen —, Cohen, Trump’s, Trump, Stormy Daniels, Daniels, ” Cohen, Todd Blanche, Keith Schiller, Blanche, President Trump, Schiller, , Randy Zelin, Republican nominee’s, Joe Biden, Mike Johnson, — Bradley Smith, Judge Juan Merchan, Merchan, Smith, , backtrack, , ” Blanche, Arthur Engoron, president’s, Engoron Organizations: CNN, Prosecutors, Trump, Cornell Law School, Central ”, Republican, Louisiana Republican, Republicans, Commission Locations: New York, Lago, Manhattan, Louisiana, Lake Tahoe
Gold prices hit an all-time high on Monday as a slowing U.S. inflation trend boosted expectations that the Federal Reserve could deliver its first interest rate cut soon, while silver scaled a more than 11-year peak. Spot gold was up 0.9% at $2,436.76 per ounce, as of 0340 GMT after hitting a record high of $2440.49 earlier in the session. Data last week showed signs of cooling inflation and traders now expect a 65% chance of a U.S. rate cut by September. "Gold prices sneaked in a cheeky record high ahead of China's (market) open on Monday. Spot silver rose 2.5% to $32.28 after hitting an over 11-year high.
Persons: Kyle Rodda, Bullion, Matt Simpson, Wang Tao Organizations: Fort, Federal Reserve, Index, Palladium Locations: Fort Knox Alaska, Kinross, Tetlin , Alaska, U.S, China's, China
Read previewIranian President Ebrahim Raisi has died after a helicopter crash in northwestern Iran, multiple news agencies reported, citing Iranian state media. Interior Minister Ahmed Vahidi told IRNA, Iran's state-run news agency, that a helicopter carrying Raisi and other senior Iranian officials was forced to make a "hard landing" on Sunday, without providing further details. Related storiesIran's foreign minister, the governor of Iran's East Azerbaijan province, and other officials were also on board the helicopter. Raisi is considered a "hard-liner" and a "protégé" of Iranian Supreme Leader Ayatollah Ali Khamenei. Raisi has led Iran through heightened tensions in the region, including the conflict between Israel and Hamas in Gaza.
Persons: , Ebrahim Raisi, Ahmed Vahidi, IRNA, Mohammad Mokhber, Al, Mokhber, Raisi, Ayatollah Ali Khamenei Organizations: Service, Business, Raisi, Associated Press, Iranian, United, United States Institute of Peace Locations: Iran, Iran's, Iran's East Azerbaijan province, Azerbaijan's, Al Jazeera, Israel, Gaza, Iranian, Damascus, United States, Russia, Ukraine
Within the span of seven years, Kopi Kenangan went from a local Indonesian coffee stall to a venture-backed unicorn coffee company. "Instead of focusing on the sofa, or fast Wi-Fi, we're going to focus on a good, high quality cup of coffee," Tirtanata said. This decision helped Kopi Kenangan scale to over 200 locations and 10 cities within the first two years of operations. Taking a data-driven hyperlocal approach means that a Kopi Kenangan latte in Singapore will taste different from a latte in Indonesia. This helped Kopi Kenangan more than triple its store count during the pandemic.
Persons: Edward Tirtanata, Dunkin, Kopi Kenangan, Tirtanata, it's, Carroll, James Prananto, Kopi, Kenangan, Prananto Organizations: CNBC, Entrepreneur, Northeastern University, Lewis Locations: Indonesian, Southeast Asia, Jakarta, Boston, Indonesia, U.S, Singapore
Dollar calm as traders await clues on U.S. rate path
  + stars: | 2024-05-20 | by ( ) www.cnbc.com   time to read: +4 min
In this photo illustration, a person seen holding a 100 US dollar bill in his hand. The dollar was broadly steady on Monday as investors awaited further clues to help chart the U.S. interest rate path in the wake of cautious comments from Federal Reserve officials, even as inflation shows signs of cooling. The Japanese yen was flat at 155.74 per dollar, with traders on alert for any signs of government intervention. That has prompted traders to trim the amount of easing expected this year to about 46 bps, with only a rate cut in November fully priced in. In other currencies, sterling touched a two-month high of $1.2711 ahead of the crucial UK inflation report due on Wednesday.
Persons: Brian Jacobsen, Powell, Jackson, Flash PMIs, Paul Mackel, BoE, Charu Chanana Organizations: Federal Reserve, Annex Wealth Management, ANZ, European Central Bank, Bank of England, HSBC, New Zealand, Reserve Bank of New, Saxo Locations: Tokyo, Germany, U.S, Reserve Bank of New Zealand
Billionaire Elon Musk once fought a sumo wrestler, and says he's still paying the price for it. "Had a few minutes of glory and 8 years of neck pain," Musk wrote on Sunday. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk is still talking about that sumo fight he once had, and it sure sounds like battling a trained wrestler did land Musk in a world of hurt. "Had a few minutes of glory and 8 years of neck pain," Musk wrote.
Persons: Elon Musk, he's, Musk, Vladimir Putin, Mark Zuckerberg, Organizations: Service, SpaceX Locations: Russian
CNN —The Israeli military has released a Hamas propaganda video it said it recovered showing a child who was held hostage by Hamas, spokesperson Daniel Hagari said on Sunday. Hagari did not say when or where Israel Defense Forces (IDF) recovered the video, which shows the since-freed child, Ela Elyakim, speaking to the camera asking to be released. The IDF released an image showing sisters Ela and Dafna Elyakim, who were previously held hostage by Hamas, in front of a flag with the Hamas logo. IDFAround 250 people were taken hostage during Hamas’ surprise October 7 attack on southern Israel, in which 1,200 people were killed, according to Israeli officials. Gantz demanded that the cabinet adopt a plan to secure the return of Israeli hostages, the demobilization of Hamas and the demilitarization of the Gaza Strip by June 8.
Persons: Daniel Hagari, Hagari, Ela Elyakim, Ela, Elyakim, Nir Oz, , ” Hagari, Noam, , Dafna Elyakim, , Benny Gantz, Benjamin Netanyahu didn’t, Gantz Organizations: CNN, Israel Defense Forces, IDF, Palestinian Ministry of Health, Nova Locations: Israel, Gaza
Israel’s military has brought utter devastation to the Palestinians of Gaza after the attack by Hamas on Oct. 7. It is also a product of the decades-long role the military has played in enforcing Israeli occupation of Palestinian territories. Israel has governed a people denied basic human rights and the rule of law through constant coercion, threats and intimidation. I know this through the numerous testimonies collected by my organization, Breaking the Silence, which was formed in 2004 by a group of Israeli veterans to expose the reality of Israel’s military occupation. We know firsthand and from thousands of soldiers that military occupation is imposed on civilians through fear, which is instilled by the growing and often arbitrary use of force.
Organizations: Israel Defense Forces Locations: Gaza, Israel
Read previewThe first time Johnny Ward went to Chiang Mai, Thailand, he was 22. Johnny Ward on a scooter in front of his house in Chiang Mai, Thailand. But after traveling the world, Ward realized that Chiang Mai still had his heart. Johnny Ward/onestepforwardWard said he spent 13 million Thai baht building the home and another 3.5 million Thai baht furnishing it, or about $460,000 in total. It would have been difficult for him to have all the things he wanted if he had bought an existing home in Chiang Mai, Ward said.
Persons: , Johnny Ward, Chiang, Ward, Chiang Mai, James Bond, onestepforward, Jaa, he's, onestepforward Ward, hadn't, I'm, She's, it's Organizations: Service, Business, Homes, James Edition Locations: Chiang Mai, Thailand, Asia, Australia, Miami, Ibiza, Ireland, Homes Thailand, onestepforward
Asked about when Navan would choose to go public, the firm's CEO and co-founder Ariel Cohen said the company is close to reaching that milestone. "We can see the signals," he said, adding that Navan has been adjusting its leadership structure and making changes to its board in a signal of maturity. Last month saw Navan announce the return of Rich Liu, formerly Navan's chief revenue officer and "an expert on scaling companies from seed to IPO and beyond," to the business as CEO of Navan Travel, the company's travel division. While Cohen wouldn't commit to a date for Navan's eventual IPO, he said the business was "not far" from being ready for a stock market listing. The company is on track to become cash-flow positive and achieve profitability for the first time this year, he said.
Persons: Ariel Cohen, Rich Liu, Amy Butte, Cohen, Cohen wouldn't, he's Organizations: Navan, CNBC, Navan Travel, New York Stock Exchange Locations: Navan, U.S
Didi Global, the Chinese ride-hailing company, must face a lawsuit in a U.S. court claiming it defrauded investors by concealing and disobeying a Chinese government order to postpone its 2021 initial public offering until it resolved cybersecurity and privacy concerns. Didi Global 's co-founder Jean Liu has stepped down from her roles as president and board director of China's biggest ride-hailing firm to take on a new role, according to an internal company memo. Didi, which is seen as China's answer to Uber but has faced prolonged regulatory scrutiny, will no longer have a position of president, it said in the memo seen by Reuters. The company was penalized with a $1.2 billion fine in July 2022 over data security violations. Didi began to recover from its regulatory challenges in early 2023 when it received permission to relaunch its apps.
Persons: Didi Global, Jean Liu, Didi, Liu, Goldman Sachs, Will Cheng, Liu Chuanzhi Organizations: Reuters, Lenovo, Alibaba, Uber, Apple, U.S Locations: U.S, China
Musk launched on May 19 his Starlink service on Indonesia's resort island of Bali as the country aims to extend internet to its remote areas. Millions of people in Indonesia, a vast archipelago of more than 17,000 islands, are not currently hooked up to reliable internet services. (Photo by SONNY TUMBELAKA / AFP) (Photo by SONNY TUMBELAKA/AFP via Getty Images)Elon Musk has launched SpaceX's Starlink satellite internet services in Indonesia as the Southeast Asian nation seeks to boost internet connectivity in remote areas. SpaceX, which manufactures and launches advanced rockets and spacecraft, is also a developer of Starlink satellites which provide internet connectivity to remote locations. Communication and Informatics Minister Budi Arie Setiadi previously said Starlink would help Indonesia extend internet access to regions not covered by local internet providers, according to Indonesian news agency Antara.
Persons: Elon Musk, Budi Gunadi, Musk, SONNY TUMBELAKA, Budi Arie Setiadi, Starlink Organizations: Tech, Indonesia's Health, Getty Images, SpaceX, Communication, Informatics Locations: Denpasar, Bali, Indonesia, AFP, Southeast Asia, Malaysia, Philippines
Ebrahim Raisi, Iran’s president and a top contender to succeed the nation’s supreme leader, was killed on Sunday in a helicopter crash. A conservative Shiite Muslim cleric who had a hand in some of the most brutal crackdowns on opponents of the Islamic Republic, Mr. Raisi was a protégé of Iran’s supreme leader, Ayatollah Ali Khamenei, and a devoted upholder of religious rule in the country. Mr. Raisi’s presidency was shaped by two major events: the 2022 nationwide uprising, led by women and girls, demanding the end to the Islamic Republic’s rule and the government’s brutal crushing of that movement; and the current Middle East war with Israel, with which it had a long history of clandestine attacks. As the president under Iran’s political system, Mr. Raisi did not set the country’s nuclear or regional policy. But he inherited a government that was steadily expanding its regional influence through a network of proxy militia groups and a nuclear program that was rapidly advancing to weapons-grade uranium enrichment levels following the United States’ exit from a nuclear deal.
Persons: Ebrahim Raisi, Raisi, Ayatollah Ali Khamenei, Raisi’s Locations: Islamic Republic, Israel, States
Injected medications called GLP-1 agonists are in high demand because they have proved to be so effective for weight loss. The difference, which was statistically significant, amounted to a 52% increased risk of being diagnosed with stomach paralysis while on a GLP-1 medication. Compared with those who were not taking a GLP-1 medication, those who did were about 66% more likely to be diagnosed with gastroparesis. This study found that 0.53% of patients on GLP-1 medications were diagnosed with stomach paralysis, or about 1 case of gastroparesis for every 200 people taking the drugs. People taking GLP-1 medications were also more likely to have nausea and vomiting or gastroesophageal reflux disease (GERD) and to be prescribed a proton pump inhibitor.
Persons: gastroparesis, GERD, , Prateek Sharma, Sharma, ” Sharma, Michael Camilleri, , Camilleri, It’s, who’d, Dr, Sanjay Gupta, it’s Organizations: CNN, Drugmaker, Nordisk, University Hospitals, Diabetes, University of Kansas, University of Kansas School of Medicine, American Society, Mayo Clinic, CNN Health Locations: Washington, Cleveland, GLP, Mayo
And recognizing that very notion is what makes Indonesian coffee chain Kopi Kenangan different from many of its competitors. Which is why this cup of Kopi Kenangan coffee here in Singapore may taste different from a cup in Indonesia. Edward Tirtanata: Before I started Kopi Kenangan, I started this tea chain called Lewis and Carroll. And that is why our first menu is called Kopi Kenangan Mantan, which directly translates into, memory of my ex-girlfriend coffee. Ernestine Siu: In 2019, Kopi Kenangan received its first outside investment of $8 million from venture capital firm Alpha JWC Ventures.
Persons: Edward Tirtanata, Ernestine Siu, It's, Serena Williams, Jay, Eduardo Savrin's, Edward, Kopi Kenangan, Carroll, James Prananto, James, Little, Kopi, creamer Organizations: Alpha JWC Ventures, Northeastern University, Starbucks, Entrepreneurship, Toyota Locations: Jakarta, Singapore, New York, Indonesia, Vietnam, Southeast Asia, Boston, United States, Kopi, Bandung, U.S, Indonesian
Wang Wentao, China's commerce minister, attends a news conference on the sidelines of the National People's Congress in Beijing, China, on Wednesday, March 6, 2024. China's Ministry of Commerce announced sanctions against Boeing and two other defense companies Monday for arms sales to Taiwan, on the day of Taiwan's presidential inauguration. The move is the latest in a series of sanctions Beijing has announced in recent years against defense companies for weapons sales to Taiwan, a self-ruled island that China considers as part of its own territory. Lai Ching-te, Taiwan's new president, has vowed to strengthen Taiwan's security through imports of advanced fighters and other technology and strengthening its domestic defense industry. In April, China froze assets of General Atomics Aeronautical Systems and General Dynamics Land Systems held within China.
Persons: Wang Wentao, Lai Ching Organizations: National People's Congress, China's Ministry of Commerce, Boeing, Boeing's Defense, Space & Security, General Atomics Aeronautical Systems, General Dynamics Land Systems Locations: Beijing, China, Taiwan, China's
Zyn shortages have been spotted in New York, New Jersey, and Florida. Zyn's popularity has surged among white-collar workers, including on Wall Street. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementZyn, a popular brand of nicotine pouches, may be harder to find in several states, including New York, New Jersey, and Florida. This story is available exclusively to Business Insider subscribers.
Persons: Philip Morris International's, , they've Organizations: Service, Bloomberg, Business Locations: New York , New Jersey, Florida, New York, New Jersey
Brent crude futures extended gains on Monday, inching up amid political uncertainty in major producing countries after Iran's president died in a helicopter crash and the Saudi crown prince cancelled a Japan trip, citing health issues with the king. Brent gained 10 cents, or 0.1%, to $84.08 a barrel by 0454GMT, after rising to $84.30 earlier, its highest since May 10. He added that WTI prices may rebound further toward $83.50 after rising above the 200-day moving average of $80.02. Despite the volatility in the region, oil prices moved only slightly. "Continuity in Saudi strategy is expected regardless of this health issue," he added.
Persons: Brent, Ebrahim Raisi, Saudi Arabian Crown Prince Mohammed bin Salman, King Salman, Yoshimasa Hayashi, Tony Sycamore, Sycamore, Warren Patterson, Patterson, Saul Kavonic, Prince Mohammed Bin Salman's Organizations: Brent, . West Texas, Saudi, Saudi Arabian Crown, Iranian, IG, ING, The, of, Petroleum, Petroleum Reserve Locations: Fort Stockton , Texas, Saudi, Japan, East Azerbaijan, Saudi Arabian, China, U.S, United States, Washington
There's one major thing the West could, but won't, do: kill all Russian banks' access to the Society for Worldwide Interbank Financial Telecommunications, or SWIFT. 'Russia's economy is in deep, deep trouble'Despite the West's frustration with how Russia's economy still appears to be holding up, the sanctions appear to be finally working. "In five years, you're going see a really disastrous slowdown in the Russian economy," said Portes, who called for stronger sanctions enforcement. AdvertisementIn April 2022, Russia's central bank governor Elvira Nabiullina warned Russia's reserves can't last forever. "A significant problem is that they are running out of foreign exchange reserves, and you can't create foreign reserves," Portes added.
Persons: , hasn't, SWIFT, Alex Capri, Richard Portes, Portes, Alexander Kolyandr, Elvira Nabiullina, Russia's Organizations: Service, West, Society, Worldwide Interbank Financial Telecommunications, Business, SWIFT, European Union, National University of Singapore, US Customs Service, London Business School, Carnegie Endowment, International Peace, Central Bank of Locations: Russia, Ukraine, Moscow, Russian, SWIFT, Capri, Asia Pacific, Europe, India, China, Central Bank of Russia, Russia's
Denpasar, Indonesia Reuters —Elon Musk and Indonesian Health Minister Budi Gunadi Sadikin launched SpaceX’s satellite internet service for the nation’s health sector on Sunday, aiming to improve access in remote parts of the sprawling archipelago. Musk, wearing a green batik shirt, said the availability of the Starlink service in Indonesia would help millions in far-flung parts of the country to access the internet. Asked about whether he planned to also invest in Indonesia’s electric vehicle industry, Musk said he was focused on Starlink first. Prior to Sunday’s launch, Starlink obtained a permit to operate as an internet service provider for retail consumers and had been given the go-ahead to provide networks, having received a very small aperture terminal (VSAT) permit, Budi Setiadi told Reuters. SpaceX’s Starlink, which owns around 60% of the roughly 7,500 satellites orbiting earth, is dominant in the satellite internet sphere.
Persons: Indonesia Reuters — Elon Musk, Budi Gunadi Sadikin, Musk, ” Starlink, , , Joko Widodo, Budi Arie Setiadi, Starlink, Budi Setiadi, SpaceX’s Organizations: Indonesia Reuters, Indonesian Health, SpaceX, Tesla, Indonesian, . Communications, Reuters Locations: Denpasar, Indonesia, Bali, Aru, Maluku, Southeast Asia, Malaysia, Philippine, Ukraine
A man walks past the People's Bank of China (PBOC) building on July 20, 2023 in Beijing, China. (Photo by Jiang Qiming/China News Service/VCG via Getty ImagesAsia-Pacific markets mostly rose Monday to kick-start a week packed with economic data from across the region. China, which laid out measures on Friday to boost its property market, will announce its one- and five-year loan prime rates later in the day. The five year LPR is a key reference rate for housing mortgages. Later this week, investors will also look to trade, inflation and business activity data out from Japan, while Singapore will release its April inflation data and final figures for its first-quarter gross domestic product.
Persons: Jiang Qiming Organizations: People's Bank of China, China News Service, Getty Images Locations: Beijing, China, Getty Images Asia, Pacific, Japan, Singapore
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