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☆ What to know before you buy a house overseas — and 3 steps to smooth the process
▼ + stars: | 2024-05-10 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +5 min

But it's not a decision one should make on whim; multiple factors can easily complicate the process, experts say. But in most cases, the U.S. buyer will need to open a bank account in the country they're buying real estate. 'Understand what your needs are'It will be important for you to "understand what your needs are," Boisson Aries said. "Buying these direct properties for that purpose is something that comes with far more risks than people realize," he said. And if you do decide to use the property for rental or commercial use, you may have additional tax burdens in that country, Boudreaux said.

Persons: Jude Boudreaux, it's, Boudreaux, Bojan Mujcin, Mujcin, Erin Boisson Aries, Douglas Elliman, Boisson Aries Organizations: Planning, Coldwell, CNBC, Sotheby's Locations: New Orleans, U.S, Barcelona, Costa Brava, Spain

☆ 'Iran is in for the long haul' with oil tanker hijacks, expert says, as U.S. considers more sanctions
▼ + stars: | 2024-04-16 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +6 min

Before this weekend's tanker seizure, the last vessel Iran hijacked was the St. Nikolas on January 1. A Planet Labs satellite image of the location of the MSC Aries and other tankers recently hijacked by Iran. Planet Labs PBCAs the U.S. considers more sanctions against Iran in response to its recent attack on Israel, Iran has been using the hijacked ships as a means of sanctions retaliation. Iran chose to do this as a way to compensate for sanctions," Madani said. In a note to clients, ClearView highlighted that the House of Representatives added several Iran sanctions bills to its calendar for consideration this week, under suspension rules, including new sanctions on Iranian oil exports to China.

Persons: Nikolas, Houthis, Samir Madani, Eyal Ofer's, Madani, Janet Yellen, Helima Croft, Andy Lipow, Brent, Lipow, Kevin Book, Book Organizations: Anadolu, Getty, MSC Aries, U.S . Naval Forces Central Command, Galaxy Leader, MSC, Planet Labs, U.S . Energy Information Agency, United Arab, JPMorgan, CNBC, Lipow Oil Associates, ClearView Energy Partners, US, UN Locations: Gulf of Oman, Hormuz, Anadolu, Iran, Israel, Gaza, U.S, Iranian, Khuran, China, Russia, Malaysia, United Arab Emirates, Oman, Strait, Tehran, East, North Africa, India, Saudi Arabia, Kuwait, Iraq, France, Germany

☆ Iran seizes cargo ship in Strait of Hormuz, Israel goes on high alert
▼ + stars: | 2024-04-13 | by ( ) www.cnbc.com time to read: +5 min

Blaming Israel — which has neither confirmed nor denied responsibility — Iran vowed retaliation. Jordan on Saturday declared its airspace closed, in a possible precautionary move given the likelihood of its territory being overflown by any missiles exchanged by Iran and Israel. On Friday, Biden warned Iran against attacking Israel but said such a scenario could be imminent. On Tuesday, the Revolutionary Guards' naval head, Alireza Tangsiri, said the force could close the Strait of Hormuz, which lies between Iran and the United Arab Emirates, if necessary. The United States and Britain have carried out strikes against Houthi targets in response to the attacks on shipping.

Persons: Israel —, Zodiac, Eyal Ofer, Israel Katz, Joe Biden, Biden, Lloyd Austin, Yoav Gallant, Gallant, Alireza Tangsiri, Abraham, Hasan Alhasan Organizations: Iran's Revolutionary Guards, Hamas, Jordan, Saturday, Guards, Aries, MSC, Gortal Shipping, Zodiac Maritime, House, Iran, U.S . Defense, Pentagon, State, Revolutionary Guards, United Arab, Israel, International Institute for Strategic Studies, MSC Aries, Maritime Information Center Locations: Iranian, Syria's, Damascus, Strait, Hormuz, Israel, Gaza, Lebanon, Syria, Yemen, Iraq, Tehran, Iran, Iran's, State, United States, United Arab Emirates, UAE, Britain

☆ Vessel seized in Strait of Hormuz amid Iran tensions, shipping firms say
▼ + stars: | 2024-04-13 | by ( ) www.cnbc.com time to read: +2 min

A vessel has been seized by "regional authorities" between the United Arab Emirates and Iran, maritime security agencies said on Saturday, days after Iran warned it could close the area to sea traffic. UK Maritime Trade Operations (UKMTO) said the vessel had been seized 50 nautical miles (92 km) northeast of the Fujairah, an area close to the Strait of Hormuz that forms the entrance to the Gulf. Marine tracking sites said the vessel was the MSC Aries of Zodiac Maritime, an international shipping company partly owned by Israeli businessman Eyal Ofer. Reuters could not immediately confirm that and UKMTO said it could not provide more information when asked if the regional authorities were Iran and if the seized vessel was MSC Aries. The United States and Britain have carried out strikes against Houthi targets in response to the attacks on shipping.

Persons: Eyal Ofer, UKMTO, Islamic Revolutionary Guards Corps Alireza Tangsiri, Abraham, Joe Biden Organizations: United Arab, Maritime Trade Operations, ., MSC Aries, Zodiac Maritime, Zodiac, MSC, Islamic Revolutionary Guards Corps, Israel, Abraham Accords, Revolutionary Guards Locations: United Arab Emirates, Iran, Hormuz, U.S, UAE, United States, Gaza, Israel, Lebanon, Syria, Iraq, Yemen, Syria's, Damascus, Tehran, Yemen's Iran, Britain

☆ Iranian navy seizes Israel-linked container ship amid escalating tensions in Middle East
▼ + stars: | 2024-04-13 | by ( Adam Pourahmadi | Catherine Nicholls | ) edition.cnn.com time to read: +2 min

Mediterranean Shipping Company (MSC) has confirmed the seizure, saying there are 25 crew on board. Portugal’s government said that it was in touch with the Iranian authorities. The Strait of Hormuz, at the northern end of the Gulf of Oman, is the biggest oil chokepoint in the world. The United Kingdom’s Foreign Secretary, David Cameron, wrote on social media platform X that he had spoken with Israeli war cabinet minister Benny Gantz. The two discussed their “shared concerns about Iranian threats to attack Israel,” Cameron wrote, adding that “further escalation in the region is in no-one’s interest and risks further loss of civilian life.”

Persons: CNN —, IRNA, “, Eyal Ofer, Joe Biden, Daniel Hagari, Israel, David Cameron, Benny Gantz, ” Cameron, ” Organizations: CNN, CNN — Iran’s Revolutionary Guards, Iran’s Revolutionary Guard Corps, Navy, Zodiac, Mediterranean Shipping Company, United, Israel Defense Forces, United Kingdom’s Locations: Israeli, Hormuz, Iran, Syria, Portuguese, Gulf of Oman, Tehran, Iranian, United States, Damascus, Gaza, The Iran, Yemen, Red, Israel

☆ Songkran 2024: Celebrating Thailand’s annual New Year festival
▼ + stars: | 2024-04-05 | by ( Karla Cripps | ) edition.cnn.com time to read: +10 min

Bangkok, Thailand CNN —On the surface, Thailand’s annual Songkran festival appears to be just one great big water fight. Pipad Krajaejun, a history lecturer at Bangkok’s Thammasat University, says it’s difficult to pinpoint exactly when the water fights became such a key part of the festival. (We’ll share more on the water fights below.) Some towns limit the water fights to one day, so be sure to check ahead if you’re planning to join the battles. Soe Zeya Tun/ReutersAmong the highlights of the festival is the Maha Songkran Parade, which will happen on April 11.

Persons: Thailand CNN —, that’s, ”, Songkran, Boonserm Satraphai, Pipad, “, Soe Zeya Tun, University’s Pipad, Nam, Chalinee Thirasupa, MBK, Lauren DeCicca, John S Lander, it’s, CNN Travel’s Karla Cripps, she’s Organizations: CNN, Thailand CNN, UNESCO, Heritage, Bangkok’s Thammasat University, CNN Travel, ”, Thailand’s Tourism Authority, of, Reuters, Central Department, Thai Locations: Bangkok, Thailand, it’s, Chiang Mai, Thailand's, Khao San, Chiang, Old City, Pipad, Chiangmai, Thailand’s, Ratchadamnoen, Lanna, San

☆ ONE boosts range of Aries EV battery, aims for 600 miles with Gemini
▼ + stars: | 2023-08-15 | by ( Paul Lienert | ) www.reuters.com time to read: +2 min

Our Next Energy (ONE) CEO Mujeeb Ijaz stands next to Aries lithium iron phosphate battery packs waiting to undergo testing at ONE's headquarters in Novi, Michigan, U.S., April 25, 2022. ONE’s Aries II cells use cathodes made of lithium iron phosphate. The Aries II packs are slated to go into pilot production late next year at ONE’s new factory in Van Buren Township in southeastern Michigan. Gemini marries LFP cells similar to those used in the Aries pack with higher-energy cells that act as a range extender as charge is depleted. Today’s battery packs can cost from $12,000 to $20,000, depending on battery size, weight, chemistry and output.

Persons: Mujeeb Ijaz, Rebecca Cook, Aries, Ijaz, Gemini, Paul Lienert, Jonathan Oatis Organizations: Energy, REUTERS, Aries, Gemini, Thomson Locations: Novi , Michigan, U.S, Michigan, Van Buren, Detroit

☆ Spacecraft builder Apex raises $16 million from a16z and Shield Capital, reveals first customers
▼ + stars: | 2023-06-22 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Building the backbone of a spacecraft – the satellite bus, which provides the structure, power and movement – has long been a mission-focused endeavor. But Los Angeles-based Apex, founded last year by Ian Cinnamon and Max Benassi, is working to create a satellite bus manufacturer that flips that practice on its head. The startup raised an additional $16 million in a round led by VC firms Andreessen Horowitz and Shield Capital, bringing its total raised to over $27 million, Apex said. "Fundamentally, we're building a real business with real unit economics where we're able to make money on every single sale," he added.

Persons: CNBC's Michael Sheetz, –, Ian Cinnamon, Max Benassi, Cinnamon, We're, they're, Andreessen Horowitz Organizations: Aries, Shield Capital, Apex Locations: Los Angeles, Apex

☆ As US and Philippine defense ties grow closer, China drives wedge over Taiwan issue
▼ + stars: | 2023-04-27 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +10 min

But the election of his successor, Ferdinand Marcos Jr, last year has returned relations to a more even keel, in part because Manila has become wary of a more assertive China. Last year the US granted $100 million to boost the Southeast Asian country’s defense capabilities and military modernization. Heydarian added that China has to rethink its strategy towards the Philippines, as the Marcos Jr administration is openly more aligned with the US. China remains one of the top trade partners of the Philippines, while Marcos Jr also continues to negotiate energy and agriculture investments from Beijing. Some worry Marcos Jr might be giving too much access to the US, especially when it comes to bases and facilities close to Taiwan, Heydarian said.

☆ Ancient Egyptian zodiac symbols were found in a temple after archaeologists cleared away 2,000 years' worth of grime
▼ + stars: | 2023-03-31 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +6 min

Ancient Egyptian star signs were found under a thick layer of soot and dust in the Temple of Esna. The colors in the full set of Egyptian zodiac symbols are vivid after being protected by the grime. The set is just one of three full sets of ancient Egyptian zodiac signs uncovered in Egyptian temples, said Dr. Daniel von Recklinghausen, a Tübingen Egyptologist who worked on the project. These zodiac symbols were uncovered in the latest series of renovations, which revealed the designs in brilliant colors. Ancient Egyptians adopted astrology late in their reignThese symbols show the decans, which are zodiac symbols representing the 12 hours of the night.

☆ Mistakes by the US's top spies allowed China to turn a deadly mid-air collision into an intelligence coup
▼ + stars: | 2023-03-22 | by ( James Bamford | ) www.businessinsider.com time to read: +36 min

On April 1, 2001, a US EP-3 spy plane collided with a Chinese fighter jet over the South China Sea. One of eleven left in the fleet, the tired 1960s-era spy plane bristled with porcupine-like antennas. Within minutes, however, the fighters had reached the lumbering spy plane, and while Zhao Yu hung back about a half-mile, Wang Wei rapidly closed in. In severe trouble, he immediately radioed the base, telling them he was unable to maneuver and being sucked in by the spy plane. "You are not allowed aboard the aircraft," Osborn said.

☆ EV battery maker ONE raises $300 million, now valued at $1.2 billion
▼ + stars: | 2023-02-01 | by ( Paul Lienert | ) www.reuters.com time to read: +2 min

[1/2] Workers are seen at the production line of lithium-ion batteries for electric vehicles (EV) at a factory in Huzhou, Zhejiang province, China August 28, 2018. REUTERS/StringerFeb 1 (Reuters) - Michigan-based battery startup Our Next Energy (ONE) on Wednesday said it closed a $300 million Series B funding round that takes the three-year-old company’s valuation to $1.2 billion. The latest round, led by investors Franklin Templeton and Fifth Wall, makes Our Next Energy one of the most valuable privately held battery companies in the United States. Investors in the latest round include Temasek, Coatue, Riverstone Holdings, AI Capital Partners and Sente Ventures. The Series B round included an earlier $62.5 million convertible note closed with BMW iVentures, Assembly Ventures, Breakthrough Energy Ventures, Volta Energy Technologies, Flex and Coatue.

☆ Tiffany Haddish says she lost all her gigs after abuse claim
▼ + stars: | 2022-09-22 | by ( Lisa Respers France | ) edition.cnn.com time to read: +3 min

CNN —Following a notice of dismissal filed by the plaintiffs for a lawsuit involving allegations of molestation against comedians Tiffany Haddish and Aries Spears, Haddish says the suit has cost her work. “I lost everything,” she told a TMZ photographer when she was questioned at LAX airport on Wednesday. The incidents allegedly occurred while Haddish was supposedly trying to help the youngsters get into show business, according to the suit. Attorneys for Haddish and Spears have not responded to CNN’s requests for comment. When asked by TMZ if she thought the dismissal might help her, Haddish responded, “I don’t know, bro.

LOS ANGELES — A woman who accused comedians Tiffany Haddish and Aries Spears of coercing her and a brother into recording sexually explicit skits when they were children filed a request Tuesday to dismiss the claim. The woman, identified in the original claim as Jane Doe, did not immediately respond to a request for comment. Six days after the lawsuit was filed, Haddish posted a message on Instagram expressing regret for her role in one of the comedy pieces. The lawsuit alleged that the skit involved Haddish's teaching Jane Doe how to mimic fellatio on a sub sandwich. His mother repeatedly asked Spears and Haddish about “what was filmed that made her son cry,” the suit alleged.

☆ Anti-vaxxers evaded social-media content bans by replacing the word 'vaccine' with a carrot emoji, BBC investigation finds
▼ + stars: | 2022-09-16 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +3 min

One large Facebook group used the carrot emoji to replace the word vaccine, per the BBC. The shot glass emoji was also used to replace the word "shot" and disparage vaccines. Per the BBC, several social media groups were using the emoji as a code for the word "vaccine." He said in a Twitter thread on Sunday the carrot emoji symbol was used to replace the word vaccine "presumably to evade censorship. Turqay Melikli/Getty imagesThe BBC flagged the group using the emojis as code to Facebook's parent company Meta, which took them down.

☆ This is the most common zodiac sign among the world's richest billionaires
▼ + stars: | 2020-05-08 | by ( Anna Papadopoulos | Ceoworld Magazine | ) www.businessinsider.com time to read: +2 min

Libra was the most common sign, with 27 notable billionaires, like Ralph Lauren and Alice Walton. Pisces was next in line, while Cancer came in third as the most common billionaire sign. But did you know one zodiac sign, in particular, is the most likely to produce billionaires? A study has figured out the most common star sign among the world's wealthiest billionaires. With notable billionaires including Ralph Lauren, Stefan Persson, Liliane Bettencourt, Alice Walton, Libra is the star sign of 27 famous-wealthy faces.

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