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☆ Harbor Lab, a Greek startup trying to help ships manage port costs, just raised $16 million using this 10-slide pitch deck
▼ + stars: | 2024-05-15 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +1 min

Harbor Lab, which aims to help the shipping industry streamline port costs, has raised funding. Founded in 2020 in Athens, the startup has brought in a $16 million Series A led by Atomico. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHarbor Lab, a startup that aims to help the shipping industry reduce costs related to entering port, has raised $16 million in Series A funding.

Persons: Atomico, — Organizations: Service, Harbor Lab, Business Locations: Athens

☆ Fact check: Trump falsely claims that appeals court said ‘you won’ the civil fraud case he lost
▼ + stars: | 2024-04-04 | by ( Daniel Dale | ) edition.cnn.com time to read: +6 min

I won the case, because I won it in the Appellate Division. …I won the case because it’s called statute of limitations. The appeals court never said he won the case. The cutoff date would’ve been February 6, 2016, for any defendants Engoron decided weren’t covered by the agreement.) After Trump wrongly claimed to reporters, following the first day of the trial, that “about 80% of the case is over” because of the appeals court ruling, Engoron said in court the next day: “This case arrived at the App.

Persons: Donald Trump, “, ” Trump, Letitia James, Arthur Engoron’s, Trump, …, it’s, ‘, ’ He’s, He’s, he’s, Ivanka Trump, general’s, Engoron, that’s, Rather, ”, Alan Garten, ” James ’, ” Engoron Organizations: Washington CNN, New, Division, Trump, Trump Organization, SFC Locations: New York, Wisconsin, ”

☆ Trump has found a new way to attack judge's daughter in hush-money case despite gag order
▼ + stars: | 2024-04-02 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

An expanded hush-money gag bars attacks on the judge's daughter, a Democratic campaign consultant. On Tuesday, Trump found a way around the gag, attacking the daughter in a legal filing instead. AdvertisementDonald Trump has found a work-around for a newly-expanded gag order that bars him from attacking the Democratic campaign-consultant daughter of his hush-money judge: attacking the daughter through legal filings instead. Manhattan prosecutors did not immediately respond to the recusal request, but have called Trump's attacks on the judge's family members "dangerous" and "reprehensible." "This Court and the Advisory Committee on Judicial Ethics have already determined that such a claim provides no basis for recusal," prosecutors countered on Tuesday night.

Persons: Trump, Trump's, —, Donald Trump, Loren Merchan, Juan Merchan, Loren Merchan's, Joe Biden, Kamala Harris, Susan Necheles, Todd Blanche Organizations: Democratic, Service, Authentic Locations: Manhattan

☆ Former New York cop charged with swindling investors in foreign exchange trading fund
▼ + stars: | 2024-02-28 | by ( Dan Mangan | ) www.cnbc.com time to read: +6 min

Peace's office said that as Rodriguez, who was arrested Wednesday, lost an increasing amount of money in trading in foreign exchange, he used money from new investors to pay prior investors their promised investment returns. Ex-cop Jason Rodriguez, 37, is accused of falsely promising investors in his fund, Technical Trading Team, that there would be guardrails to protect the trading risks for their money. That included a vow to never put a maximum of 1% of investors' funds at risk at any given time, the indictment says. A former New York City police officer was indicted for conspiracy to commit wire fraud after he allegedly lied to investors and lost most of the $4.8 million they put into his foreign exchange -focused investment fund, prosecutors said Wednesday. The suit says the defendants lost more than $3 million in trading forex on a leveraged basis, and "misappropriated participant funds for personal use."

Persons: Peace, cryptocurrency, Rodriguez, Attorney Breon, Jason Rodriguez, Benjamin Yaster, Edwin Carrion, Carrion, Danielle Hass, TTT, Defendants Organizations: Attorney, Eastern, of, U.S . Justice, Washington , D.C, Brooklyn U.S, Trading, New York Police Department, NYPD, Attorney's, U.S, Futures Trading Commission, Commodity, CFTC, Investments, CNBC PRO Locations: of New York, Washington ,, New York City, Bellerose , Queens, U.S, Brooklyn, Florida, Colombia, TTT

The vast majority — nearly $40 million — went to law firms working on his personal legal problems. But significant portions of their donations went to law firms defending Trump in civil cases involving his real-estate empire and its top executives, including Donald Trump Jr., Eric Trump, and Ivanka Trump. Only about $861,000 was spent on law firms working exclusively on political issues. Where there were gaps, we contacted law firms and individual lawyers who received money from the PACs. In 2021 and 2022 combined, Trump spent $16 million on legal fees through the Save America PAC.

Persons: Donald Trump, Trump, —, MAGA, Trump's, Donald Trump Jr, Eric Trump, Ivanka Trump, Stormy Daniels, Jean Carroll, Robert, Clifford S, Michael Cohen, — Troutman Pepper Hamilton Sanders, Kellogg, Hansen, Todd, Figel, Frederick —, Madaio, Alina Habba, Michael Madaio, Hillary Clinton, James Comey, Mary Trump, general's, Carroll, Trump —, Joe Tacopina, Chad Seigel, Christopher Kise, Jesus M, Suarez, Eli Bartov, Bryan Woolston, Silverman Thompson Slutkin, White, Evan Corcoran, Todd Blanche, Cadwalader, Taft, Blanche, Attorney Alvin Bragg's, Daniels, Susan Necheles, John Lauro, who's, Steven H, Drew Findling, Jennifer Little, Jesse R, it's, Jim, John Rowley, Eduardo Munoz Alvarez, Allen Weisselberg, Weisselberg, perjured, ArentFox Schiff, Jeff McConney, Stanley Woodward, Stanley Brand, Carlos de Oliveira, John S, Irving of, Boris Epshteyn, Kenneth Chesebro, Troutman Pepper, Ivanka, Newsmax, Harmeet, Dhillon, Bradley T, Morvillo Abramowitz, David Pecker, Elkan Abramowitz, Greenberg Traurig, Ballard Spahr, Mintz, Levin, Cohn, Ferris, Corey Lewandowski, Robert Mueller's, Jones, Andrew Kelly, It's, Forbes, defaming Carroll, he's Organizations: Service, Trump, Save America PAC, Make, Trump Organization, Politico, Reuters, New, Associates, Democratic National Committee, The New York Times, Times, Continental LLP, Inc, AP, Attorney, Capitol, Law, Taft, Brand Woodward Law, Irving of Earth & Water Law, Ivanka Trump, Republican National Committee, Save, MAGA, Curve Solutions, National Enquirer, Republican, MAGA PAC, Bloomberg Locations: New York, Georgia, Carroll, Manhattan, Florida, York, Washington, DC, Wickersham, Attorney Alvin Bragg's Manhattan, Fulton County , Georgia, codefendants, MAGAworld, Robert Mueller's Russia

☆ IMF, Egypt Agree on 'Main Policy Elements' of Economic Reform Programme
▼ + stars: | 2024-02-01 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +2 min

CAIRO (Reuters) - The International Monetary Fund said on Thursday it had agreed with Egypt on the key policy components of an economic reform programme, in a further sign that a final deal to augment the country's $3 billion loan is nearing completion. Ivanna Vladkova Hollar, the IMF mission chief for Egypt, said both sides had made "excellent progress" on the discussions of a comprehensive policy package that could kickstart long-delayed reviews of the country's economic reform programme. "To this end, the IMF team and the Egyptian authorities have agreed on the main policy elements of the program. The authorities expressed a strong commitment to act promptly on all critical aspects of Egypt's economic reform program," Hollar said in a statement. The Egyptian pound, fixed at 30.85 to the dollar since then, has been trading on the black market as low as 71 pounds.

Persons: Ivanna Vladkova Hollar, Hollar, Kristalina Georgieva, Hatem Maher, Jacqueline Wong, Leslie Adler Organizations: Monetary Fund, IMF Locations: CAIRO, Egypt, Israel, Gaza, Cairo

☆ Polish PM Says There Is No 'Plan B' on EU Aid for Ukraine
▼ + stars: | 2024-02-01 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) - Polish Prime Minister Donald Tusk said on Thursday there was no "Plan B" on European Union aid for Ukraine and Hungarian Prime Minister Viktor Orban who is stalling it must decide if Hungary is "part of our community". "We need to play hard and play fair, but there is no room for compromise. Orban is the only one of the 27 to have voiced disapproval of an EU aid package and to request a yearly vote on the long-term aid. Thursday summit's is seen as a last opportunity to reach agreement on a four-year plan for 50 billion euros ($53.93 billion) of economic aid for Ukraine, which has been fighting a Russian invasion since 2022. The Latest Photos From Ukraine View All 91 Images($1 = 0.9272 euros)(Reporting by Justyna Pawlak; Writing by Anna Wlodarczak-Semczuk; Editing by Ros Russell)

Persons: Donald Tusk, Viktor Orban, Tusk, Orban, Justyna Pawlak, Anna Wlodarczak, Ros Russell Organizations: Reuters, Polish, Union, EU Locations: Ukraine, Hungarian, Hungary, Russian, Moscow

☆ EU Leaders Seek Deal to Fund Ukraine as Hungary Digs in Heels
▼ + stars: | 2024-01-31 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

The plan is to help cover Ukraine's 2024-2027 needs with 33 billion euros ($36 billion) in loans and 17 billion euros in grants. The money is to come from the EU budget to give Kyiv more predictable funding as it fights off Russia's invasion. The other 26 EU countries have rejected Hungary's demand, and they and Hungary have been in a stand-off since December. The EU cannot wait any longer because Ukraine is expected to run out of cash to run normal state functions in March. Orban's ambassador to the EU told his counterparts at a preparatory meeting on Wednesday that Budapest still wanted veto power.

Persons: Jan Strupczewski BRUSSELS, Viktor Orban, Orban, Jan Strupczewski, Tom Hogue Organizations: Union, Hungarian, EU, U.S . Congress, European, Budapest Locations: Ukraine, Kyiv, Hungary, Moscow, United States, EU

Energy Secretary Jennifer Granholm, Deputy Defense Secretary Kathleen Hicks and Brenda Mallory, chair of the White House Council on Environmental Quality, announced the projects Wednesday at the Pentagon. Because of the Pentagon's “relatively congested air space” outside Washington, solar panels were the best option for clean energy, he said. The building is a nationally registered historic landmark, so officials will work with local officials to ensure the panels meet all requirements. In addition to the Defense Department, projects also include installation of thermally efficient windows at the Energy Department headquarters in Washington, as well as efficiency upgrades to the Commerce and Transportation departments. The projects also include installation of solar panels at the U.S. Army Garrison in Wiesbaden, Germany, as well as energy and water efficiency improvements and solar panels at the Maui Air Traffic Control Tower in Kahului, Hawaii.

Persons: Biden, ”, Jennifer Granholm, Kathleen Hicks, Brenda Mallory, Brendan Owens, Owens, U.S . Army Garrison Organizations: WASHINGTON, The Defense Department, Pentagon, Energy Department, Energy, White, Council, Environmental, Naval, Defense Department, Commerce, Transportation, Interior, Veterans Affairs, General Services Administration, Personnel Management, Social Security Administration, National Oceanic, Atmospheric Administration, Energy Conservation Technologies, U.S . Army, Maui Air Traffic Control Locations: U.S, Germany, Washington, Georgia, Tennessee, Loa, Hawaii, Mauna, Wiesbaden, Kahului

☆ What the $150 billion climate change is costing the US looks like a year: Here’s
▼ + stars: | 2023-11-30 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +2 min

Compare that to 40 years ago, when extreme weather episodes that cost an inflation-adjusted $1 billion happened once every four months on average. As of November 8, there have been 25 weather and climate disasters with losses exceeding $1 billion, according to the National Oceanic and Atmospheric Administration. The National Climate Assessment report’s estimate of the total annual cost of climate change in the United States takes those factors into account. $150 billion at glanceIt may be hard to appreciate the value of $150 billion without anything to compare it to. The $150 billion annual cost of extreme weather in the damage to the US is:

Persons: Tatyana Deryugina Organizations: New, New York CNN, National Oceanic, Atmospheric Administration, National Centers for Environmental, NOAA, MIT’s Center, Real, Hurricanes, University of Illinois, CNN Locations: New York, United States, Hawaii, University of Illinois Urbana, Champaign

☆ These 16 states are already in a recession
▼ + stars: | 2023-11-29 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

Sixteen US states' economies contracted between July and October, according to the Philadelphia Fed. While some economists believe a recession may come in the next year, the economies of 33 states grew. Meanwhile, looking at just the past month, 27 states experienced economic contraction. AdvertisementThe economies of sixteen US states contracted between July and October, even as economists are still betting the US can avoid a recession. Looking at month-over-month rates, 27 states experienced economic contraction, while just 16 grew.

Persons: —, Nicholas Colas, Jessica Rabe, Ken Griffin Organizations: Philadelphia Fed, Service, Federal Reserve Bank of Philadelphia, National Bureau of Economic, Citadel, Bloomberg Locations: West Virginia, Wisconsin, Montana, Missouri , Illinois, Iowa, , Maryland, North Dakota, South Carolina, Texas, Nevada and Wyoming . California, Florida, California, Florida , Pennsylvania , Ohio, Georgia, North Carolina

The economy is likely already in recession and is expected to contract again next year. Shortly after being sworn in as economy minister, Massa in August 2022 pledged to stop printing money to fight inflation. "Markets will likely prefer a Milei victory simply because he is more credible on delivering the fiscal adjustment." "Every investor understands that the macroeconomic adjustments that Argentina needs will inevitably translate into short-term pain." For investors, Argentine stocks traded in New York (.MIAR00000PUS) have been a beacon of hope, up near 15% year to date.

Persons: Sergio Massa, Javier Milei, Luis Robayo, Pilar Tavella, Alejo Czerwonko, Massa, Carlos de Sousa, UBS's, JPMorgan's Diego Celedon, Celedon, Rodrigo Campos, Adam Jourdan, Lisa Shumaker Organizations: por la Patria, La Libertad, University of Buenos, Law School, Global, Peronist, Barclays, Reuters Graphics Reuters, Argentina, Monetary Fund, Itau, IMF, Emerging, UBS Global Wealth Management, Vontobel Asset Management, Argentine, UBS, Thomson Locations: Argentina, University of Buenos Aires, Buenos Aires Argentina, New York, Argentine, outperforming

Mendoza, a former fighter for the now-disbanded Revolutionary Armed Forces of Colombia (FARC) guerrillas, dragged her children back inside the house. In interviews with Reuters, those people recounted how the attacks left conservation projects adrift, with conservationists withdrawing from environmental protection works because of fear of more violence. Municipal data from local environmental authorities and the Colombian Institute of Meteorology (IDEAM) also showed that in the year after each killing, deforestation at a local level was worse than national trends. Santofimio's killing brought his hard-fought conservation project to a halt. In the tree nursery, which stopped work after Santofimio's killing, saplings bask in the dappled sunlight beneath protective nets.

Persons: Duberney Lopez, Jorge Santofimio, PUERTO, Leidy Mendoza, Mendoza, Jorge !, they'd, Susana Muhamad, Muhamad, Colombia's, –, Armando Aroca, Santofimio, Lopez, Kevin Murakami, Comuccom, Aroca, Javier Franciso Parra, Francisco couldn't, Andres Felipe Garcia, Cormacarena, Parra, Garcia, Luisz Martinez, Martinez, La, KfW, Roberto Gomez, Gonzalo Cardona, Sara Ines Lara, Oliver Griffin, Julia Symmes Cobb, Katy Daigle, Claudia Parsons Organizations: Revolutionary Armed Forces, Colombian, Villagers, Reuters, Environment Ministry, Global, Colombian Institute of Meteorology, Comuccom, International Narcotics, Law, Affairs, U.S, National Liberation Army, UN, Programme, Meta, UNDP, Progress, World Wildlife Fund, Security, USAID, Thomson Locations: Colombia, PUERTO GUZMAN, Putumayo, Bogota, La, Meta, La Macarena, Amazonia, Puerto Guzman

☆ Exclusive: Inside IMF, stance hardens on Argentina as $44 bln deal skids off track
▼ + stars: | 2023-11-09 | by ( Jorgelina Do Rosario | Thomson Reuters | Jorgelina Do Rosario Is Emerging Markets Correspondent At Reuters Based In London | ) www.reuters.com time to read: +5 min

With "depleted reserves and an overvalued currency, recent economic measures are not aligned with the programme," a second source added. In an August report, the IMF said that Argentina's programme had gone off track, but allowed for changes in some goals - such as easing reserves targets - to put it back on course. It also comes at a sensitive time for the cash-strapped country, which has a review of the programme scheduled for early November. During the Oct. 30 meeting, a representative for Argentina said that the country was committed to remain current with IMF payments, one source added. Reporting by Jorgelina do Rosario in London Editing by Karin Strohecker and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Agustin Marcarian, Sergio Massa, Javier Milei, Mauricio Macri's, Jorgelina, Karin Strohecker, Matthew Lewis Organizations: Argentine, REUTERS, Monetary Fund, JPMorgan, IMF, Argentina's, Farmers, Peronist Economy, Argentina, Peronist, Thomson Locations: Argentina, Rosario, Washington, London

☆ World Bank Eyes Speeding up Loan Approvals Amid Bold Overhaul
▼ + stars: | 2023-11-02 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +3 min

Disbursements currently take an average of 27 months from the time the bank gets a loan request. Adding resources to the implementation stage of projects backed by the bank is another way of reducing the timeframe of disbursements, Mountfield said. The World Bank has launched a broader reform process that includes stretching its balance sheet as international threats from geopolitical tensions to global warming pile pressure on vulnerable nations. The United States, the bank's largest shareholder, has been urging the bank for months to take bolder and faster steps to free up resources. The study, carried out by international finance analytics firm Risk Control, found the bank's two main lending arms, the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), have "significant headroom" to boost lending.

Persons: Rosario, Elisa Martinuzzi, Ed Mountfield, Mountfield, Disbursements, Jorgelina, Christina Fincher Organizations: Elisa Martinuzzi LONDON, Bank, Operations, Country Services, World Bank, Reuters, AAA, Rockefeller Foundation, International Bank for Reconstruction, International Development Association, IDA Locations: London, United States

☆ What is the Student Aid Report?
▼ + stars: | 2023-10-24 | by ( Aly J. Yale | Richard Richtmyer | ) www.businessinsider.com time to read: +14 min

The Student Aid Report summarizes the information on your Free Application for Federal Student Aid (FAFSA). See Insider's picks for the best private student loans >>What is the Student Aid Report (SAR)? The Student Aid Report is a document that, through the 2023-2024 school year, was used to summarize the data submitted on a Free Application for Federal Student Aid (FAFSA). Federal student aid eligibilityYour summary will also include your Student Aid Index — formerly called the Expected Family Contribution. Schools and aid offersThe schools you apply to don't actually receive your FAFSA Submission Summary (formerly Student Aid Report).

Persons: —, Shannon Vasconcelos, Robert Kersey, you'll, Kersey, Vasconcelos, Perkins, Pell Grant, Elaine Rubin, You'll Organizations: Federal Student Aid, Service, Bright Horizons, Grants, What's, College of Charleston, Education, Department, Department of Federal Student Aid, Internal Revenue Service, SAR Locations: FAFSA.gov

☆ China's Xi Jinping commits to more investments in Nigeria
▼ + stars: | 2023-10-19 | by ( Felix Onuah | ) www.reuters.com time to read: +2 min

It added that another $4 billion worth of letters of intent was received for new projects and investments in different sectors of the economy. Nigeria also signed contracts with China Harbour Engineering Company for the construction of the Lekki Blue Seaport in Lagos. Shettima met Xi, who asked for the protection of Chinese workers in Nigeria, according to the vice president's office. China had committed to rail projects in Nigeria in the past and to a seaport in Bonny Island in the Niger Delta. China had earlier agreed to provide 85% of the financing for the rail projects.

Persons: Xi Jinping, Edgar Su, Kashim Shettima's, Shettima, Xi, Felix Onuah, Chijioke Ohuocha, Jamie Freed Organizations: Initiative, of, People, REUTERS, Rights, Nigeria's National Agency for Science, Engineering Infrastructure, China Harbour Engineering Company, China Exim Bank, Thomson Locations: Beijing, Rights ABUJA, Nigeria, Africa's, Lagos, China, Bonny Island, Niger, Nigeria's

☆ Jamie Foxx plays attorney Willie Gary in new movie "The Burial." Ex-clients say the real lawyer is a creep who screwed them out of millions.
▼ + stars: | 2023-10-14 | by ( Jack Newsham | ) www.businessinsider.com time to read: +16 min

"The Burial" stars Jamie Foxx as real-life lawyer Willie Gary, who won a $500 million case in 1995. Elliott isn't the only ex-client of Willie Gary and his firm, Gary Williams Parenti Watson & Gary, to be angry about how she was treated. Lawyer Willie Gary poses for a selfie with a guest at a screening of "The Burial." Attorney Willie Gary and his client Don King speaking to the press in 2005. She has so far managed to seize $102,000 from an account the Gary firm had with Truist.

Persons: Jamie Foxx, Willie Gary, Gary —, —, Gary, Ernestine Elliott, Ford —, Elliott, Elliott isn't, Gary Williams Parenti Watson, Tommy Lee Jones, Luisa Esposito, Grant Halverson, Willie Gary's, Willie, couldn't, Jeremiah O'Keefe, O'Keefe, Loewen couldn't, Loewen, Gary Parenti, Don King, Jim McIsaac, Ford, schemed, he'd, Gary's cocounsels, Lawrence Fox, Fox, Bruce Green, Green, Gary didn't, Sharron Mangum, Mr, Mangum, Marietta Goodman, Coke, Jillian Nedd, Nedd, Ardria Clark, Tamesha Marshall, Pharr, Clark, Marshall, Ray Rogers, He's, leafleted, Rogers, Willie Lewis, Troy Fulks Jr, Fulks, Lewis, Esposito, she'd, didn't, Justice II, hasn't, Gary's, Debra Sweeting, it's, Sweeting, we're, Variety Organizations: Service, Disney, Nissan, Hollywood, reneging, Gary Parenti Facebook, Anheuser, Busch, Yorker, Group, New Yorker, Fordham, Cola, Coke, FBI, Gary, Florida Bar Association, Palm Beach Post, Florida Power, dimes, Finance Group, Wings, Justice, Boeing, Gary Foundation Locations: Georgia, Florida, Mississippi, New York City, New York, Palm Beach, Flint , Michigan, disbursements

☆ Novo Nordisk's Wegovy bonanza looms large in Denmark
▼ + stars: | 2023-10-05 | by ( Maggie Fick | ) www.reuters.com time to read: +6 min

COPENHAGEN, Oct 5 (Reuters) - The whirlwind success of weight-loss treatment Wegovy is providing a bonanza not just for its developer, Novo Nordisk (NOVOb.CO), but also for its home country of Denmark. Interviews with Danish economists, analysts, and executives at the Novo Nordisk Foundation which controls Novo highlight the benefits to the economy from jobs to private wealth - but also the potential pitfalls of relying on a single, outsized company. Record profits for Novo are projected to generate returns for the Foundation of more than $12 billion in coming years. Novo Nordisk added 3,500 jobs in Denmark in 2022, bringing the total in the country to 21,000 employees, out of 59,000 worldwide, a company spokesperson said. Before Wegovy, "we used to be kind of, 'Isn't Denmark the place where Stockholm is the capital?'"

Persons: Danes, Lars Skovgaard Andersen, Lars Christensen, Wegovy, Mads Krogsgaard Thomsen, " Thomsen, Moller, Thomsen, Melinda Gates, Rasmus Kristian Feldthusen, Maggie Fick, Jacob Gronholt, Alexander Smith, Josephine Mason, Michele Gershberg, Catherine Evans Organizations: Novo Nordisk, Novo Nordisk Foundation, Danske Bank, Copenhagen Business School, Novo, Foundation, Reuters, Novo Holdings, Carlsberg, Maersk, U.S, Melinda Gates Foundation, UK's Wellcome Trust, Wegovy, University of Copenhagen, Nokia, Pedersen, Thomson Locations: COPENHAGEN, Denmark, Stockholm, Copenhagen, Danish, Novo, Europe, North America, Asia, OUTGROWING DENMARK, Finland

☆ Trump taunts GOP rivals as legal clouds loom
▼ + stars: | 2023-10-01 | by ( Daniel Strauss | ) edition.cnn.com time to read: +6 min

But without any obvious threat to his dominance of the GOP field, Trump is embracing brash tactics such as belittling his opponents and fundraising off of his possible court appearances. In the latest update to the CNN Poll of Polls on the race, from before the second GOP debate, Trump holds an average of 58% support, Florida Gov. Trump wants to be in her head,” he said, alluding to Haley. This goes back so long ago and it’s just Trump being Trump.”What’s different this year is the bevy of indictments and serious legal woes threatening Trump. In the first six months of 2023, Trump’s joint fundraising committee took in more than $53 million.

Persons: Donald Trump, Nikki Haley, “ Birdbrain, ”, Haley, birdseed, Trump, He’s, Ron DeSantis, hasn’t, ” Trump, MAGA, ” Trump’s, harken, Sen, Marco Rubio’s, “, It’s, Scott Howell, Vivek, Ramaswamy’s, Tim Scott’s, ” Howell, Hands Rubio, ’, Rubio, Little Marco, Howell, Joe Biden, Sleepy Joe, Massachusetts Sen, Elizabeth Warren “ Pocahontas, Trump’s Organizations: CNN, Republican, South Carolina Gov, Trump, GOP, Florida Gov, Florida Republican, Florida, Sunday, Left Democrats, ” Locations: Iowa, New York, Florida, dinging, Ottumwa, Massachusetts, Manhattan, State

☆ Egypt says IMF agrees to merge first two reviews of reform program
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +1 min

CAIRO, Sept 23 (Reuters) - Egypt said it had agreed with the International Monetary Fund (IMF) to merge the fund's first and second reviews of its economic reform programme, after the first review was repeatedly delayed amid questions over Egypt's progress in meeting the IMF's terms. The IMF in December approved a $3 billion Extended Fund Facility loan for Egypt, which has been under acute financial pressure since long-standing problems were exposed by economic fallout from the war in Ukraine. Disbursements under the 46-month program are subject to eight reviews, the first of which, originally scheduled to take place in March, has yet to happen amid reports the IMF was unhappy with Egypt's progress in fulfilling the terms of the agreement. It added that negotiations with the IMF were proceeding "fruitfully and positively" in accordance with the terms of the program concluded with the Fund. In June, Egypt President Abdel Fattah al-Sisi appeared to rule out a further devaluation anytime soon, saying such a move could harm national security and hurt Egyptian citizens.

Persons: Abdel Fattah al, Sisi, Hatem Maher, David Holmes Organizations: International Monetary Fund, IMF, Egypt, Fund, Thomson Locations: CAIRO, Egypt, Ukraine, Disbursements

☆ EU executive says aid payments for Somalia 'temporarily suspended'
▼ + stars: | 2023-09-19 | by ( Gabriela Baczynska | ) www.reuters.com time to read: +3 min

REUTERS/Ayenat Mersie//File Photo Acquire Licensing RightsUNITED NATIONS, Sept 19 (Reuters) - The European Union's executive said on Tuesday that disbursements of humanitarian aid in Somalia were "temporarily suspended" after a U.N. probe found widespread theft and misuse of support meant to avert famine. Quoting senior EU officials, Reuters reported exclusively on Monday that the European Commission had temporarily suspended funding for the World Food Programme (WFP) in Somalia because of the U.N. findings. Donors boosted funding to Somalia last year as humanitarian officials warned of a looming famine due to the Horn of Africa's worst drought in decades. The U.N. humanitarian aid budget for Somalia is envisaged at 72 million euros ($77 million), of which 10 million euros ($10.68 million) are earmarked for the WFP. Three months ago the WFP and the U.S. Agency for International Development (USAID) suspended food aid to neighboring Ethiopia in response to a widespread diversion of donations.

Persons: Ayenat, Balazs Ujvari, Gabriela Baczynska, Howard Goller Organizations: REUTERS, UNITED NATIONS, European, Reuters, European Commission, Food Programme, WFP, U.S . Agency for International Development, USAID, Thomson Locations: Dollow, Somalia, Muri, Mogadishu, United States, Ethiopia

☆ IMF's Argentina predicament: Seek reforms and tango on or kill the music
▼ + stars: | 2023-09-15 | by ( Jorgelina Do Rosario | ) www.reuters.com time to read: +7 min

But that programme failed to put South America's second-largest economy back on its feet. Even if he wins the Oct. 22 election and takes power in December, Milei would need alliances in Congress to push through reforms and a new IMF programme - Argentina's 23rd. That effort paved the way for the $57 billion programme, which ultimately failed and was replaced by the current one. Reuters Graphics Reuters GraphicsPREFERENTIAL TREATMENTThe current programme could end before its expiration in September 2024, but Argentina will still require funds. Without mentioning Argentina, the U.S. - holding the largest voting power in the Fund - recently raised its concerns.

Persons: Javier Milei, Agustin Marcarian, Mauricio Macri's, Mark Sobel, Milei, Sobel, Sergio Massa, Martin Muehleisen, Muehleisen, Nestor Kirchner, Stephen Nelson, Nelson, Walter Stoeppelwerth, Simon Quijano, Evans, Gemcorp Capital, Jay Shambaugh, Jorgelina, Karin Strohecker, Paul Simao Organizations: Argentine, La Libertad Avanza, REUTERS, IMF, International Monetary Fund, South, Peronist, Analysts, Graphics, Review Department, U.S ., Northwestern University, Reuters Graphics Reuters, Gletir SA, Gemcorp, Thomson Locations: La Plata, Buenos Aires, Argentina, Washington, U.S, Chicago, Zambia, Sri Lanka, Ghana, Egypt, Burundi, Saharan Africa, Rosario

Another has an ally in Congress vowing to support his legal defense. On Thursday, Trump’s legal team formally asked a judge to sever his case from his co-defendants who want a speedy trial, according to court filings. The prospect of a costly legal defense has prompted some defendants to find other ways to raise money. Paying the legal bills of his co-defendants in Georgia could help the former president keep them all unified as they fight the Fulton County charges. None of the defendants has pleaded guilty, but it is common for criminal defendants facing mounting legal bills to end their cases without the time-consuming costs of a trial.

Persons: Donald Trump’s, Trump, Walt Nauta, Carlos De Oliveira, Newsmax, ” Trump's, Will Lanzoni, ” Trump, haven’t, Trump’s, Eric, Don Jr, Jenna Ellis, John Eastman, Mike Pence, Donald Trump, Jae C, AP Eastman, Jeffrey Clark, Cathy Latham, grumbling, Ellis, “, ” Ellis, Matt Schlapp’s, ” Schlapp, Al Drago, Ron DeSantis, isn’t MAGA, Jenna, –, Sidney Powell, Kenneth Chesebro, Fani Willis, Giuliani, Rudy Giuliani, Erik S, Shutterstock, Andrew Giuliani, Brian Tevis, It’s, I’ll, ” Tevis, CNN’s Kaitlan Collins, Chip Roy, Mark Meadows, ”, ” Roy, Roy, Harrison Floyd, Floyd –, ” Floyd, Ricky Fitchett, ZUMA, Floyd, Todd Harding, he’s, De Oliveira Organizations: CNN, Trump, Save, Save America PAC, AP, Justice Department, Trump Republican, Republican National Committee, Bloomberg, Getty, Florida Gov, Inc, Shutterstock CNN, Giuliani Defense, Texas Republican, Trump White House, Zuma, America, PAC Locations: Georgia, Fulton, Atlanta , Georgia, Los Angeles, Georgia The Georgia, Fulton County, York, Bedminster , New Jersey, New Jersey, Bedminster, Texas, Philadelphia

☆ Factbox: Developing countries in the grip of debt problems
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +8 min

In June, it clinched a $6.3 billion debt rework deal with the "Paris Club" creditor nations and its other big bilateral lender China. Another part of the domestic debt plan has faced delays, though, with a key deadline on a Treasury bond exchange delayed three times and now set for Sept. 11. Failure to complete the domestic debt overhaul by then could result in delays both in terms of IMF disbursements and talks with creditors. The government recently agreed to tackle roughly $4 billion of its domestic debt via a pension fund debt swap operation and a dollar-denominated bonds exchange. Cairo has a $3 billion IMF programme and has devalued the pound by roughly 50% since February 2022.

Persons: Adnan Abidi, Nandalal Weerasinghe, Kais Saied, Nayib Bukele, William Ruto's, Donald Trump, Libby George, Marc Jones, Mark Potter Organizations: REUTERS, China, SRI, SRI LANKA Sri, Sri Lanka Development, Sri, Monetary Fund, IMF, UAE, Observers, European Union, SALVADOR, World Bank, African Development Bank, Presidential, Republican, Thomson Locations: New Delhi, India, Delhi, ZAMBIA Zambia, SRI LANKA, SRI LANKA Sri Lanka, China, GHANA Ghana, Zambia, Ghana, PAKISTAN Pakistan, Saudi Arabia, TUNISIA, North, Tunisia, EGYPT Egypt, Cairo, Salvador, KENYA, Kenya, UKRAINE Ukraine, Ukraine, Russia, LEBANON Lebanon

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