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☆ Sweeping EU rules for tech giants take effect today. Here’s what’s changing
▼ + stars: | 2024-03-07 | by ( Brian Fung | ) edition.cnn.com time to read: +11 min

The new EU regulations force sweeping changes on some of the world’s most widely used tech products, including Apple’s app store, Google search and messaging platforms, including Meta’s WhatsApp. Its broad obligations affect six of the world’s largest tech companies: Amazon, Apple, Google, Meta, Microsoft and ByteDance, the parent company of TikTok. While the law could increase demand for tech companies to extend EU-specific features to other markets, few platforms have shown signs they plan to do so. Tech pushes backBut some tech companies have pushed back on the DMA, warning that it could lead to unintended consequences. “The changes the DMA requires will inevitably cause a gap” between EU users’ security and the security Apple users enjoy outside the EU, it added.

Persons: Meta’s, Apple, Bing, Elon Musk’s, “ Fortnite, ”, Agustin Reyna, “, Apple’s, ” Apple, Reyna, ” BEUC, Tim Sweeney, Meta —, Daniel Friedlaender, CCIA, Friedlaender, Olesya Dmitracova Organizations: Washington CNN, Apple, Google, Union citizens, Big Tech, Spotify, Netflix, Digital Markets, Meta, Microsoft, European Commission, EU, YouTube, Epic, Consumer, Tech, Games, CNN, Computer, Communications Industry Association Locations: United States, Europe

☆ Putin is likely counting on Trump or another Republican to win the 2024 election in hopes that the US will cut support to Ukraine, officials say
▼ + stars: | 2023-08-04 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

US officials are concerned Putin is prolonging efforts in Ukraine in hopes Trump wins in 2024, CNN reported. Putin likely believes Trump in the White House would mean dwindling US support for Ukraine. And so do the Ukrainians and our European partners," one unnamed source told CNN. Putin's possible long-game makes ongoing US assistance to Ukraine all the more important in the meantime, officials told the outlet. Fifty-five percent of the Americans polled responded that they believe Congress should not approve more funding to support Ukraine.

Persons: Putin, Trump, Vladimir Putin, Donald Trump, Joe Biden, Hunter Biden, Daniel Fried, SSRS, Biden, Jake Sullivan, Sullivan Organizations: Trump, CNN, Ukraine, Service, Republican, House, Wagner Group, US National Security, Press Locations: Ukraine, Wall, Silicon, Russia, Poland

☆ US and Western officials fear Putin unlikely to change course in Ukraine before 2024 election
▼ + stars: | 2023-08-04 | by ( Kylie Atwood Natasha Bertrand Jennifer Hansler Kevin Liptak | Kylie Atwood | Natasha Bertrand | ) edition.cnn.com time to read: +7 min

One US official said they have “no doubt” that Putin is “trying to hold out” until the 2024 election. Another source familiar with the intelligence said “it’s sort of the elephant in the room” for the US, Ukraine and Europe. Trump, the far-and-away front-runner for the GOP nomination at this point, has not committed to backing Ukraine in the war. Ron DeSantis walked back previous statements calling the war in Ukraine a “territorial dispute” he has maintained a broadly anti-interventionist policy. “Putting a shape on the US election will have an enormous effect” in how the war proceeds, the official said.

Persons: Vladimir Putin, Joe Biden, Donald Trump, ”, Putin, “ Putin, Trump, Biden, Ron DeSantis, Kevin McCarthy, Daniel Fried, Gian Marco Benedetto, Bill Taylor, Patrick Ryder, Matt Miller Organizations: Washington CNN —, CNN, Western, ”, Trump, Republican, Ukraine, GOP, Florida Gov, Congressional Republicans, Anadolu Agency, “, New York Times, Pentagon Locations: Ukraine, Europe, European, Poland, Japan, Saudi Arabia Saudi Arabia, Russia, India

☆ NATO unity will be tested at upcoming summit. Ukraine's possible entry may be the biggest challenge
▼ + stars: | 2023-07-09 | by ( ) www.cnbc.com time to read: +8 min

Patriot long-range air defence systems of the German Bundeswehr armed forces are deployed at Vilnius Airport ahead of the upcoming NATO Summit in Vilnius, Lithuania on July 7, 2023. "I don't think it's ready for membership in NATO," President Joe Biden told CNN in an interview airing Sunday. More than two-thirds of alliance members have banned the weapon because it has a track record for causing many civilian casualties. As for Ukraine's possible entry into NATO, the alliance said in 2008 that Kyiv eventually would become a member. "That's an issue that will cause tension and dissent, and that's not what the Vilnius summit is all about," he said.

Persons: NATO's, Joe Biden, Donald Trump, Biden, Douglas Lute, Barack Obama, Vladimir Putin, Wagner, Lute, Mitch McConnell, Putin, Daniel Fried, Volodymyr Zelenskyy, Recep Tayyip Erdogan, Finland, Erdogan, It's, Anders Fogh Rasmussen, Max Bergmann, They've, Bergmann, Viktor Orban, Idaho Sen, Jim Risch, aren't, Risch, I'm, we've, Jens Stoltenberg, who's, Mette Frederiksen, Stoltenberg, Rasmussen, Skip Davis, that's Organizations: German Bundeswehr, Vilnius Airport, NATO Summit, NATO, CNN, Republican, Kentucky, Associated Press, Putin, Atlantic Council, Ukraine, State Department, Center for Strategic, International Studies, Senate Foreign Relations, Danish, Center for Locations: German, Vilnius, Lithuania, Russian, Ukraine, Sweden, Eastern Europe, United States, Israel, Moscow, Finland, U.S, Russia, Kyiv, Poland, Estonia, Latvia, Czech Republic, Turkey, Stockholm, Idaho, Hungary, Baltic, Norwegian, Danish

Law Firms Fenwick & West LLP FollowJune 28 (Reuters) - Bankrupt cryptocurrency exchange FTX sued one of its former top lawyers, accusing him of aiding fraud by company founder Sam Bankman-Fried and silencing whistleblowers who reported wrongdoing at the company. A lawyer for Friedberg and a spokesperson for FTX did not immediately respond to requests for comment. Bankman-Fried has been criminally charged in federal court in Manhattan with stealing billions in FTX customer funds to plug holes at the Alameda hedge fund and fund speculative investments. Friedberg served as an adviser to Bankman-Fried and his companies while working at law firm Fenwick & West. He became an in-house attorney at both FTX and Alameda in 2020.

Persons: FTX, Sam Bankman, Daniel Friedberg, Friedberg, cryptocurrency Friedberg, Bankman, Fried, Fenwick, Andrew Goudsward, David Bario Organizations: Fenwick, Bankruptcy, Alameda Research, Friedberg, FTX, Reuters, West, Thomson Locations: Delaware, FTX, Alameda, Manhattan, U.S

☆ Israeli protests target Netanyahu, visiting Pentagon chief at airport
▼ + stars: | 2023-03-09 | by ( Dedi Hayoun | ) www.reuters.com time to read: +3 min

Despite a heavy police deployment, convoys of cars flying the Israeli national flag streamed towards the concourses of Ben Gurion Airport, near Tel Aviv. Some local media said Netanyahu and his retinue had come in the early morning in order to evade highway closures. Others speculated he might reach Ben Gurion - usually a 30-minute drive from Jerusalem - by army helicopter instead. Netanyahu's spokespeople did not immediately comment on the whereabouts of the prime minister, who was due to leave for a two-day visit to Rome in the afternoon - after a hastily organised welcome of Pentagon chief Lloyd Austin at the airport. But he postponed, and relocated meetings to a venue near Ben Gurion, given concerns that the demonstrations could make it difficult to reach the Defence Ministry in Tel Aviv.

☆ Biden’s test: Sustaining unity as Ukraine war enters second year
▼ + stars: | 2023-02-19 | by ( ) www.cnbc.com time to read: +9 min

One year ago, President Joe Biden was bracing for the worst as Russia massed troops in preparation to invade Ukraine. Ukraine's president, Volodymyr Zelenskyy, was offered help getting out of his country if he wanted it. Now, as Biden prepares to travel to Poland to mark the anniversary of the war, he faces a legacy-defining moment. In Poland, Biden is set to meet with allies to reassure them of the U.S. commitment to the region and to helping Ukraine "as long as it takes." From the beginning of his administration, Biden has argued the world is at a crucial moment pitting autocracies against democracies.

Former top FTX attorney Daniel Friedberg also opposed Sullivan & Cromwell's hiring, saying Thursday that the law firm had conflicts of interest stemming from its connections to Miller. Sullivan & Cromwell has told the court it should not be disqualified simply because it performed some pre-bankruptcy work for FTX. A Sullivan & Cromwell spokesperson has said the firm had a "limited and largely transactional" relationship with FTX prior to the bankruptcy and never served as primary outside counsel to any FTX entity. Serving as primary bankruptcy counsel to FTX would likely allow Sullivan & Cromwell to reap hundreds of millions of dollars in fees, legal experts have said. FTX has sought bankruptcy court permission to pay top Sullivan & Cromwell attorneys more than $2,000 per hour.

☆ Judge in FTX bankruptcy case rejects motion to remove elite NYC lawyers
▼ + stars: | 2023-01-20 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —One of America’s elite white-collar law firms has emerged as a contentious figure in the complex FTX saga. A judge ruled that the bankrupt crypto platform could retain Sullivan & Cromwell as legal counsel, overruling objections from FTX customers who accused the firm of conflicts of interest. Then FTX’s former top lawyer supported the motion in a court filing, which included additional allegations that one of his former colleagues improperly funneled FTX business to Sullivan & Cromwell. Friedberg alleged that that lawyer funneled business to Sullivan & Cromwell, hoping to curry favor with the firm to which he hoped to eventually return. Earlier this month, a group of US senators also raised objections to Sullivan & Cromwell’s participation in the FTX bankruptcy.

☆ FTX's ex-top lawyer is reportedly cooperating with investigators, revealing details about what Sam Bankman-Fried did with customer funds
▼ + stars: | 2023-01-05 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

FTX's ex-top lawyer has cooperated with US agencies investigating the crypto exchange, per Reuters. Daniel Friedberg spoke about how Sam Bankman-Fried used customer funds to finance the FTX empire. FTX's ex-CEO is facing fraud charges, and billions of dollars of customer funds are missing. Since FTX collapsed in November, reports have emerged that billions of dollars in trading customer funds were funneled to Alameda to prop up the crypto hedge fund. FTX's former regulatory chief was willing to share information about the crypto exchange right after it filed for bankruptcy on November 11, the report said.

☆ Exclusive: FTX's former top lawyer aided U.S. authorities in Bankman-Fried case
▼ + stars: | 2023-01-05 | by ( Angus Berwick | ) www.reuters.com time to read: +5 min

Friedberg gave details about FTX in a Nov. 22 meeting with two dozen investigators, the person said. "THROUGH THICK AND THIN"Prior to his work advising FTX, Friedberg advised a mix of banking, fintech, and online gaming companies. At the time, the source said Friedberg advised Bankman-Fried on running Alameda, which he founded that year. In 2020, when Bankman-Fried launched a separate exchange for U.S. customers called FTX.US, Friedberg moved in-house as FTX's chief regulatory officer. In a now-deleted blog post published that year on FTX's website, Bankman-Fried wrote that Friedberg was FTX's legal advisor "from the very beginning," noting he had been "with us through thick and thin."

☆ This little-known firm with a weird website was central to the misappropriation of FTX customers' money, regulators say
▼ + stars: | 2022-12-27 | by ( Gretchen Morgenson | Gretchen Morgenson Is The Senior Financial Reporter For The Nbc News Investigative Unit. A Former Stockbroker | She Won The Pulitzer Prize In For Her | ) www.nbcnews.com time to read: +7 min

Still, North Dimension had a crucial role in the FTX mess, regulators now say. In fact, they contend, the little-known company was central to the furtive misappropriation of FTX customers’ funds. But North Dimension Inc. also appears to have been a fake online electronics retailer, an NBC News investigation found. The second North Dimension website is sparse, with just two pages superimposed on a photo of a mountain range. An analysis by DomainTools shows this North Dimension site was created on Oct. 3, 2022, and registered in Ontario, Canada.

[1/2] U.S. President Joe Biden and Ukraine's President Volodymyr Zelenskiy walk down the Colonnade to the Oval Office at the White House in Washington, U.S., December 21, 2022. The planning for Zelenskiy's speech began in October, according to a Pelosi aide, when she met with Ruslan Stefanchuk, chairman of Ukraine's parliament, the Verkhovna Rada. Zelenskiy, Fried said, "didn’t go to Berlin, Brussels, London or Paris" for his first trip abroad since the start of the war. The optics of Zelenskiy receiving a hero's welcome as a defender of democracy carries a message far deeper than military aid. In a Senate speech he described Zelenskiy as "a leader who is fighting for his life, fighting for his country's survival and fighting to preserve the very idea of democracy."

☆ Elon Musk has become a 'detriment' to the value of his companies, say 79 CEOs in new Yale School of Management poll
▼ + stars: | 2022-12-21 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

79% of CEOs surveyed at a Yale summit believe Elon Musk has become a detriment to the value of his companies. A new poll of CEOs by Yale School of Management showed that 79% of the 100 executives that were surveyed believe Musk has become a "detriment" to the value of his companies. A screenshot from Yale School of Management's 2022 survey of 100 CEOs, asking whether Elon Musk has become "a detriment" to the value of his companies. Yale School of ManagementThe survey was conducted at the invitation-only Yale CEO Summit held last week. Though, shares of the EV company appeared to respond positively to the possibility of Musk stepping down as CEO of Twitter on Monday.

☆ For Biden and Zelenskiy, U.S. visit highlights trust after friction
▼ + stars: | 2022-12-21 | by ( Michelle Nichols | ) www.reuters.com time to read: +5 min

[1/5] U.S. President Joe Biden welcomes Ukraine's President Volodymyr Zelenskiy on the South Lawn at the White House in Washington, U.S., December 21, 2022. "Friction is inevitable even between close allies in wartime," said International Crisis Group U.N. Director Richard Gowan. So I don't think we should necessarily let day-to-day friction obscure how much help the U.S. has given Ukraine," Gowan said. MORE WEAPONS, PLEASEThe United States has provided Ukraine with $19.3 billion in military help during the war. Beyond this, the visit underlines a belief that both Biden and Zelenskiy hold - that the United States remains the leader of the free world, said Daniel Fried, former U.S. ambassador to Poland and a fellow at the Atlantic Council.

☆ Biden to host French President Macron at his first state dinner
▼ + stars: | 2022-12-01 | by ( Peter Nicholas | Peter Nicholas Is A Senior National Political Reporter For Nbc News. | ) www.nbcnews.com time to read: +7 min

White House executive chef Cris Comerford gave a media preview Wednesday of the state dinner for French President Emmanuel Macron. “You need France.”Then-President Trump hosted French President Macron at a state dinner in 2018. The state dinner may be the Biden administration’s way of apologizing for an unforced error of such magnitude, Fried said. “We owed the French one after that.”A dish is previewed for the Macron state dinner. The last state dinner at the White House was in 2019.

☆ Dacă tot îi da 7 milioane de euro lui Mourinho, patronul Romei vrea să facă repede bani de pe urma portughezului
▼ + stars: | 2021-05-18 | by ( ) www.jurnal.md time to read: +1 min

Sursa foto: Getty ImagesDacă tot îi da 7 milioane de euro lui Mourinho, patronul Romei vrea să facă repede bani de pe urma portughezuluiRoma a dat lovitura în momentul în care l-a convins pe Jose Mourinho să preia echipa. Puţini se aşteptau ca portughezul să semneze aşa repede cu o altă echipă, după despărţirea de Tottenham, mai ales demiterea i-a adus o mulţime de bani. Dar minunea s-a produs pentru un contract de 7 milioane de euro pe sezon, iar romanii au început să viseze la trofee. Patronul american al Romei este om de afaceri, aşa că a stabilit deja o strategie prin care să facă şi nişte bani de pe urma lui Mourinho. Oricum, de pe urma lui Mourinho se fac deja bani pentru că la Roma se produce bere sub brandul antrenorului portughez.

Persons: Mourinho, Jose Mourinho, Tottenham, Thomas Daniel Friedkin, . Jose Mourinho Organizations: Puţini, Hyundai, Qatar Airways, News, Campionatului European Locations: Romei, Roma, Qatar

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