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☆ Google lays off hundreds of 'Core' employees, moves some positions to India and Mexico
▼ + stars: | 2024-05-01 | by ( Jennifer Elias | ) www.cnbc.com time to read: +2 min

Just ahead of its blowout first-quarter earnings report on April 25, Google laid off at least 200 employees from its "Core" teams, in a reorganization that will include moving some roles to India and Mexico, CNBC has learned. The Core unit is responsible for building the technical foundation behind the company's flagship products and for protecting users' online safety, according to Google's website. Core teams include key technical units from information technology, its Python developer team, technical infrastructure, security foundation, app platforms, core developers, and various engineering roles. Many Core teams will hire corresponding roles in Mexico and India, according to internal documents viewed by CNBC. Asim Husain, vice president of Google Developer Ecosystem, announced news of the layoffs to his team in an email last week.

Persons: Sundar Pichai, Asim Husain, Husain, Ruth Porat, Prabhakar Raghavan Organizations: Inc, Government, Society, Google, CNBC, Mexico City, U.S Locations: Stanford , California, India, Mexico, Sunnyvale , California, Bangalore, Brazil

Under intense international scrutiny, Israel has expedited the flow of aid into Gaza this month, but humanitarian groups say that more is needed as severe hunger grips the enclave, particularly in the devastated north. Israel’s efforts — which include opening new aid routes — have been acknowledged in the last week by the Biden administration and international aid officials. More aid trucks appear to be reaching Gaza, especially the north, where experts have warned for weeks that famine is imminent. The increased levels of aid are a good sign, but it is too early to say that looming famine is no longer a risk, said Arif Husain, the chief economist at the United Nations World Food Program. “If we can do this, then we can ease the pain, we can avert famine.”

Persons: Biden, Arif Husain, ” Mr, Husain, ” Organizations: United Nations, Food Locations: Israel, Gaza

☆ Bitcoin's next gen tokens are here. Inside the Silicon Valley hacker house where 17 coders helped build the new memecoin market
▼ + stars: | 2024-04-22 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +10 min

Magic Eden coders gathered in an Airbnb in San Jose, California, to hack in preparation for the so-called bitcoin halving. Their goal was to spend a week hacking to prepare for the so-called bitcoin halving — an event that is baked into the chain's code and helps to stave off inflation through programmatic monetary policy. watch nowTechnically speaking, runes just enables asset issuance of fungible tokens on bitcoin's base chain. The reason this is significant to developers is because of its efficiency relative to existing BRC-20 tokens, bitcoin's widely-used fungible token standard that has already received a ton of traction. "There's definitely been an awakening of capital interest in the bitcoin layer two space," said Muneeb Ali, who co-founded Stacks — an open-source blockchain network that brings smart contracts to bitcoin.

Persons: Eden coders, Amil Husain, Magic Eden, Bitcoin, Eden's, Zedd Yin, Eden's coders, Yin, blockchain, Casey Rodarmor, Rodarmor, Casey, Nic Carter, Bill Barhydt, bitcoin, Barhydt, I've, Carter, PitchBook, There's, Muneeb Ali, Ali, Christopher Calicott, Amil Husain DeFi, Hong Fang, Fang, Goldman Sachs, Stacks's Ali Organizations: East Foothills, Fighter, Engineers, solana, Island Ventures, Venture, CNBC, Magic Eden, Austin, Trammell Venture Partners, Labs, Ribbit Capital Locations: San Jose , California, U.S, Northern California, solana, ethereum, Abra, bitcoin, San Jose, Bitcoin

☆ What to see at the Venice Biennale 2024
▼ + stars: | 2024-04-18 | by ( Nicole Mowbray | ) edition.cnn.com time to read: +10 min

CNN —This week sees the opening of the Venice Biennale, an 8-month-long festival of art and culture staged every other year. For 2024 — the show’s 60th iteration — Brazilian curator Adriano Pedrosa has chosen the topic of “Foreigners Everywhere,” and announced an intention to spotlight artists from diverse and historically marginalized backgrounds. With the main event running from April 20 to November 24 2024, here’s our pick of what to see if you’re headed to Venice. “Willem de Kooning e l’Italia” — Willem de KooningThe show at Gallerie dell’Accademia will include 75 Willem de Kooning works, including "Screams of Children Come from Seagulls (Untitled XX)," 1975. Yoo Youngkuk Art FoundationThe first exhibition in Europe of one of Korea’s most influential artists, including many works never exhibited before outside Korea.

Persons: Adriano Pedrosa, ”, Pedrosa, —, you’re, “ Willem de Kooning, Willem de Kooning, Kooning, Gallerie, Nick, Berlinde De, Abbazia, Ewa Juszkiewicz Juszkiewicz, Élisabeth Vigée Le Brun, Palazzo, Palazzo Cavanis, Ai, Peter Hujar, della, Carolina, Marcel Duchamp, Franchetti, Cindy Sherman, Louise Bourgeois, Sarah Lucas, Irving Penn, Palazzo Franchetti, Marco “, Zoe Saldana, Marco Perego, Corita, Maurizio Cattelan, Pope Francis, Inuuteq Storch, Louise Wolthers, “, John Akomfrah, John Akmofrah, Yoo, Yoo Youngkuk, Stampalia, M.F, Husain, Picasso, Viktoria Bavykina, Max Gorbatskyi, Ai Weiwei Ai Weiwei, Ela Bialkowska, Ai Weiwei, Palazzo Smith, Koo Jeong, Koo, Rick Lowe, Lowe's, Lowe Organizations: CNN, Venice Biennale, Palazzo, Sun, Danish, British, Bangkok Art Biennale Foundation Locations: Venice, Italy, “, Refuge, ” City, San Giorgio Maggiore, San, New York, Santa, San Marco, Marco, Giudecca, Corita Kent, American, Greenland, Europe, Korea, India, Sale, Ukraine, Continua, Bangkok, Thailand, Laos, Cambodia, Vietnam, Myanmar, Singapore, Houston

☆ Middle East Crisis U.S. Personnel in Israel Face New Travel Restrictions
▼ + stars: | 2024-04-12 | by ( Liam Stack | ) www.nytimes.com time to read: +6 min

The crisis in Gaza is entirely human-made, a result of Israel’s war on Hamas and a near-complete siege of the territory, aid experts say. For years before the latest war, Gaza was subject to an Israeli blockade, backed by Egypt. Image A child being treated for malnutrition at Kamal Adwan Hospital in northern Gaza last week. Critics of the way Israel is conducting the war say that the hunger crisis derives largely from Israeli restrictions on where trucks can enter and from an onerous inspection process. (UNRWA said last month that Israel had denied the group access to northern Gaza, though Israel has rebutted that claim.)

Persons: ”, Jens Laerke, Kamal Adwan, Mahmoud Issa, José Andrés, Arif Husain, Gazans, Israel, Biden, ” Adam Sella Organizations: Hamas, United Nations, Kamal, Reuters, Food Locations: Israel, Gaza, United Nations, Sudan, Somalia, Egypt, Gaza’s, South Sudan, Israeli, United

☆ Malaysia Arrests Armed Man Suspected of Being an Israeli Spy
▼ + stars: | 2024-03-29 | by ( March | At P.M. | ) www.usnews.com time to read: +2 min

KUALA LUMPUR (Reuters) - Malaysia has arrested an armed man at a hotel in Kuala Lumpur, its top police official said, describing the 36-year-old as a suspected Israeli spy. The suspect turned over an Israeli passport upon questioning by police, Razarudin said. Razarudin said police was investigating the possibility that the man could be a member of Israeli intelligence, though the suspect told authorities he had entered Malaysia to hunt down another Israeli citizen due to a family dispute. Police were also investigating how the suspect obtained the weapons, which were purchased in Malaysia and paid for with cryptocurrency, Razarudin said. Malaysia, a majority-Muslim country, is a staunch supporter of the Palestinians and has criticised Israel's actions in the Gaza war.

Persons: Police Razarudin Husain, Razarudin, Anwar Ibrahim, Rozanna Latiff, Himani Sarkar Organizations: Reuters, United Arab Emirates, Police, Malaysia . Police, Authorities, Israel Locations: KUALA LUMPUR, Malaysia, Kuala Lumpur, Israel, Gaza, Palestinian, Malaysian

☆ Analysis: Pakistan’s youth deliver stinging rebuke to military elite by backing jailed leader Khan
▼ + stars: | 2024-02-12 | by ( Sophia Saifi | Rhea Mogul | ) edition.cnn.com time to read: +9 min

Islamabad, Pakistan CNN —His political party is effectively banned, his speeches are barred from television, and he faces at least 14 years in prison. But as the Pakistan election results show, Imran Khan cannot be suppressed. Independent candidates affiliated with the former prime minister’s Pakistan Tehereek-e-Insaf (PTI) party secured the most parliamentary seats in last week’s nationwide election, the election commission announced Sunday. “Now show the strength of protecting your vote.” Khan’s team has previously used AI to deliver his speeches from behind bars. Akhtar Soomro/Reuters/FileWhen he rose to power in 2018, it was, according to analysts, with the backing of the military.

Persons: Pakistan CNN —, Imran Khan, Khan, “, ”, Khan’s, –, Hashim Ali Dogar, Shayan Bashir Nawaz, Raoof Hassam, Madiha Afzal, Akhtar Soomro, Rabiya Arooj, Nawaz Sharif, Husain Haqqani, Anwar Gargash, Manahil Ahmed, Sharif, Bilawal Bhutto Zardari, Sundas Kalsoom, Insaaf, Gohar Ali Khan, Hasham Ahmed, Fahd Humayun Organizations: Pakistan CNN, Independent, PTI, CNN, Foreign, Brookings Institution, Pakistani, United, Hudson Institute, Washington D.C, Getty, Haqqani, Political, Neubauer, Tufts University, “ Locations: Islamabad, Pakistan, Lahore, “, Punjab, Washington, Imran Khan Pakistan, British India, It’s, United States, Pakistani, Abu Dhabi, Peshawar, Buner, AFP, Egypt

Chief Judge James Boasberg agreed with prosecutors that Edward Richmond Jr., 40, of Geismar, Louisiana, is a danger to the community. Last Wednesday, a federal magistrate judge in Baton Rouge, Louisiana, ordered Richmond's release from custody. The judge ordered Richmond to surrender to the U.S. It's important to me also,” the judge told Richmond, who appeared remotely with his Louisiana-based attorney, John McLindon. Richmond was dressed in tactical gear when he attacked police outside the Capitol on Jan. 6, according to an FBI agent’s affidavit.

Persons: James Boasberg, Edward Richmond Jr, herder, ”, Richmond, Prosecutors, Boasberg, “, John McLindon, McLindon, Muhamad Husain Kadir, Kadir, Donald Trump, Sheets, he's Organizations: WASHINGTON, U.S, Capitol, U.S . Army, U.S . Marshals Service, Richmond, Army, The Army, FBI, Police Locations: Iraq, Geismar , Louisiana, Richmond, Louisiana, Iraqi, Baton Rouge , Louisiana, West Terrace, Victoria, Washington

☆ Palestinians are eating grass and drinking polluted water as famine looms across Gaza
▼ + stars: | 2024-01-30 | by ( Sana Noor Haq | Rosa Rahimi | ) edition.cnn.com time to read: +14 min

“They are weak now, they always have diarrhea, their faces are yellow,” El Jamara, whose family was displaced from northern Gaza, told CNN on January 9. “Unfortunately, many relatives and friends are still in the northern Gaza Strip, suffering a lot,” Hamouda, a father-of-three, told CNN. The first 1,000 days of a child’s life are “absolutely critical” for physical growth and cognitive development, Inglis told CNN. “It is not enough to meet my family’s needs at all,” the student, who is sheltering in a tent in Rafah, told CNN. “We simply don’t have enough, and we cannot keep up with the overwhelming needs of people on the ground,” she told CNN.

Persons: CNN — Hanadi Gamal Saed El Jamara, El Jamara, Arif Husain, Martin Griffiths, “, ”, El, Mohammed Hamouda, Odeh Al, Haw, Hamouda, Yahya Hassouna, Israel, ” Hamouda, Jabalya, Gihan, Baz, ” El Baz, Hoor, Hazem Saeed Al, Mohammed Hamouda Hamouda, Abu Youssef Al, Rebecca Inglis, Inglis, Shadi Bleha, Khan Younis, OCHA, Mohammed Hamouda Juliette Touma, Naizi Organizations: CNN, Food Programme, Integrated Food Security, UN, of Health, “, Getty, United Nations Relief, Works Agency for Palestine Refugees, UNRWA, Najjar Hospital, UNICEF, World Health Organization, United Nations Population Fund, WFP, OCHA, World, Al Locations: Rafah, Gaza, Israel, Egypt, “, Gaza City, AFP, East, Britain, Al, Territories, Deir al, Balah

(AP) — A military veteran charged with attacking police officers with a baton during a mob's Jan. 6, 2021, attack on the U.S. Capitol was ordered released from custody on Tuesday, a day after his arrest. Assistant U.S. Attorney Lyman Thornton III said authorities found an AR-15 rifle and ammunition when they searched Richmond's Louisiana home this week. Political Cartoons View All 253 ImagesHowever, U.S. Magistrate Judge Erin Wilder-Doomes ordered Richmond's release from custody after a detention hearing attended by relatives, including his 16-year-old son. Richmond was arrested Monday in Baton Rouge on charges including civil disorder and assaulting, resisting or impeding police with a dangerous weapon. Richmond initially was charged with unpremeditated murder, which carries a maximum sentence of life in prison.

Persons: Edward Richmond Jr, Attorney Lyman Thornton III, Richmond, Thornton, ” Thornton, Erin Wilder, Doomes, Wilder, “, ”, John McLindon, Richmond hasn't, ” McLindon, Muhamad Husain Kadir, herder, Kadir, Michael Kunzelman Organizations: U.S . Capitol, U.S . Army, U.S, Attorney, Capitol, Army, Associated Press Locations: BATON ROUGE, La, Iraq, Louisiana, Richmond, Baton Rouge, Geismar , Louisiana, Taal Al Jai, Silver Spring , Maryland

Richmond's Louisiana-based attorney, John McLindon, said he hadn't seen the charging documents and therefore couldn't immediately comment on the case. Richmond was 20 when an Army court-martial panel convicted him of voluntary manslaughter and sentenced him to three years in prison for killing the handcuffed Iraqi civilian near Taal Al Jai in February 2004. Political Cartoons View All 253 ImagesRichmond initially was charged with unpremeditated murder, which carries a maximum sentence of life in prison. Richmond testified that he didn’t know Kadir was handcuffed and believed the Iraqi man was going to harm a fellow soldier. Police struggled for hours to stop the mob of Donald Trump supporters from entering the Capitol through the same tunnel entrance.

Persons: cowherd, Edward Richmond Jr, Richmond, John McLindon, hadn't, Muhamad Husain Kadir, Kadir, Donald Trump Organizations: U.S . Army, U.S, Capitol, Army, Richmond, FBI, Police, Washington , D.C, The Associated Press Locations: Iraq, Geismar , Louisiana, Louisiana, Baton Rouge , Louisiana, Taal Al Jai, West Terrace, Washington ,

Hadri and Umar on Thursday began their defence after being accused of murdering Mongolian Altantuya Shaariibuu. Sirul was arrested on an Interpol notice and has been held in an Australian immigration detention centre since January 2015, after fleeing Malaysia shortly before the verdict was handed down. His release comes just days after a landmark ruling by Australia's High Court that outlawed indefinite immigration detention, leading to the release of dozens of asylum seekers. Malaysia's top police official Razarudin Husain confirmed news of Sirul's release from Australian detention and said police would discuss with the Attorney-General and the courts the possibility of seeking extradition. Sirul was serving as a member of Najib’s personal security detail at the time of the murder.

Persons: Azilah Hadri, Sirul Azhar Umar, Hadri, Umar, Bazuki Muhammad, Najib Razak, Sirul, Razarudin Husain, Sirul’s, Najib, Praveen Menon, Rozanna, Lincoln Organizations: Thursday, Mongolian, REUTERS, Rights, Australia's, Attorney, Thomson Locations: Shah Alam, Kuala Lumpur, KUALA LUMPUR, Malaysian, Australia, Malaysia, Canberra, Malaysia’s, Sydney

☆ UK Top Court Suggests Months Until It Gives Rwanda Migrant Plan Decision
▼ + stars: | 2023-10-11 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

By Sam Tobin and Michael HoldenLONDON (Reuters) - Britain's Supreme Court said on Wednesday it would be a couple of months before it gives its decision on whether the government could go ahead with its plan to deport asylum seekers to Rwanda. Raza Husain, a lawyer representing eight asylum seekers, said those sent there were at risk of being returned to their home countries despite having valid asylum claims. He also argued asylum seekers faced inhuman or degrading treatment within Rwanda. The United Nations' refugee agency also intervened in the appeal, with its lawyers reiterating its "unequivocal warning against the transfer of asylum seekers to Rwanda". The Rwanda plan, struck by then Prime Minister Boris Johnson in April 2022, was designed to deter asylum seekers from making the dangerous journey across the Channel from Europe.

Persons: Sam Tobin, Michael Holden LONDON, Rishi Sunak's, Sunak, Conservative Party languishes, I'm, Robert Reed, Raza Husain, Boris Johnson, Archbishop, Yolande Makolo, Michael Holden, Angus MacSwan Organizations: Lawyers, Conservative Party, European Convention of Human Rights, The United Nations, Rwandan, European Union, Labour, Rights Locations: Rwanda, East Africa, Europe, Syria, Iraq, Iran, Vietnam, Sudan, Britain, Canterbury, Rwandan

☆ Russian and Belarusian athletes given green light to compete as neutrals
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +1 min

Sept 4 (Reuters) - Russian and Belarusian athletes will be allowed to compete as neutrals in World Aquatics events, the sport's governing body said on Monday. Competitors from both countries were banned from international tournaments following Russia's invasion of Ukraine in February 2022, which Moscow describes as a "special military operation". "The World Aquatics Bureau recognise the dedication, commitment, and talent of athletes, regardless of their nationality," World Aquatics President Husain Al Musallam said in a statement. Criteria for the allowance of Russian and Belarusian competitors were established by a specific task force set up by the sports body in April, in line with the recommendations of the International Olympic Committee. Reporting by Angelica Medina in Mexico CityOur Standards: The Thomson Reuters Trust Principles.

Persons: Husain Al Musallam, Angelica Medina Organizations: Integrity Unit, Aquatics, International Olympic Committee, Thomson Locations: Belarusian, Ukraine, Moscow, Belarus, Mexico City

Ruined rice crops in India's Haryana state. More than three billion people worldwide rely on rice as a staple food and India contributed to about 40% of global rice exports. India's rice stock is piling up as a result of the ban. Vijay Bedi/CNNAt one of New Delhi’s largest rice trading hubs, there are fears among traders that the export ban will cause catastrophic consequences. “The export ban has left traders with huge amounts of stock,” said rice trader Roopkaran Singh.

Persons: India CNN — Satish Kumar, “ I’ve, ”, Kumar, Vijay Bedi, Niño, ” Kumar, ” Satish Kumar, Ukraine —, ” Arif Husain, Pierre, Olivier Gourinchas, ” Husain, “, CNN Surjit Singh, Harayana, …, El Niño, Roopkaran Singh, Husain Organizations: India CNN, CNN, United Nations Food, Agriculture Organization, India wasn’t, United Nations, Food Programme, ” Workers, Thai Rice, Association, India’s Ministry of Agriculture, Monetary Fund, Farmers, Reuters, Meteorological Organization Locations: Harayana, India, India’s Haryana, “, India's Haryana, Ukraine, Global South, United States, Russia, Rice, New Delhi, CNN Nepal, Vietnam, Thailand, Thai, Singapore, Indonesia, Philippines, El, India’s, West Africa

☆ World Aquatics to debut 'open' category in Berlin
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +1 min

Aug 16 (Reuters) - World Aquatics will debut its new "open category" at a World Cup event in Berlin in October, swimming's governing body said on Wednesday. World Aquatics voted last year to restrict participation of transgender athletes in elite women's competitions and create a working group to establish an open category, which was announced last month. "When World Aquatics instituted its Policy on Eligibility for the Men's and Women's Competition Categories, we committed to exploring the creation of an open category," World Aquatics president Husain Al-Musallam said. World Aquatics added that the open category could also be added to more events. "Berlin is thrilled to champion this groundbreaking initiative with the full endorsement of the German Swimming Federation," the German Swimming Federation's vice president Kai Morgenroth said.

Persons: Husain Al, Musallam, Kai Morgenroth, Aadi Nair, Pritha Sarkar Organizations: Aquatics, German Swimming Federation, Swimming Federation's, Thomson Locations: Berlin, Bengaluru

Paris CNN —A swimming competition that was supposed to serve as a test event ahead of the 2024 Paris Olympics was canceled due to poor water quality in the Seine, casting doubt over the French government’s audacious plan to clean up the famous river before next summer. The decision to cancel the event, the Open Water Swimming World Cup, was made by World Aquatics in consultation with the French Swimming Federation (FFN) and public health authorities. “World Aquatics is disappointed that water quality in the Seine has resulted in the cancellation of the World Aquatics Open Water Swimming World Cup, but the health of our athletes must always be our top priority,” said World Aquatics President Husain Al-Musallam. Contingency measures, such as postponing competitions due to water quality, are also being planned. Paris 2024 said that in the coming days the water quality will be “carefully” monitored.

Persons: ”, Husain Al, ‘, “, Caroline Jouisse, Jouisse Organizations: Paris CNN, Olympics, World Aquatics, French Swimming Federation, Games, Paris, “ Locations: Seine, Paris

☆ IOC asks Singh to continue as acting head of Olympic Council of Asia
▼ + stars: | 2023-07-30 | by ( Amlan Chakraborty | ) www.reuters.com time to read: +2 min

NEW DELHI, July 30 (Reuters) - The International Olympic Committee has asked India's Randhir Singh to continue as acting head of the Olympic Council of Asia, according to a letter seen by Reuters, after the IOC refused to recognise the Asian governing body's elections. Sheikh Ahmad has denied any wrongdoing. Sheikh Talal was appointed OCA president by a margin of 24 votes to 20 over his fellow Kuwaiti, Husain Al-Musallam. The trial considered whether Sheikh Ahmad had used a bogus Kuwaiti coup plot to gain advantage over political rivals. Sheikh Ahmad denied all the charges in the case and appealed the conviction.

Persons: India's Randhir Singh, Kuwait's Sheikh Ahmad Al, Fahad, Sheikh Talal Fahad Al, Ahmad Al, Sheikh Ahmad, Sheikh Talal, Husain Al, Singh, Sheikh Talal Al, Sheikh Ahmad's, Amlan Chakraborty, Tommy Lund, Ken Ferris Organizations: Olympic, Olympic Council of Asia, Reuters, IOC, OCA, Asian Games, Thomson Locations: DELHI, Fahad Al, Sabah, Bangkok, Singh, Swiss, OPEC, Geneva, Switzerland, Hangzhou, China, New Delhi

☆ As Russia Strikes on Ukraine's Ports, White House Warns Ships May Be Next
▼ + stars: | 2023-07-20 | by ( Safak Timur | ) www.nytimes.com time to read: +7 min

Russia’s moves have profound implications for the export of Ukraine’s grain, a commodity vital for its own economy and world grain markets. How have Russia’s attacks on Ukrainian ports affected the situation? Since Monday’s announcement, Russia has launched a series of nightly aerial attacks on Ukrainian ports, killing and wounding civilians. Six nations have a Black Sea coastline and it is a main conduit for Russia’s grain exports. Last summer, the European Union took steps to smooth a path for Ukraine’s overland grain exports, given the Russian Black Sea blockade.

Persons: Sal Gilbertie, Oleksandr Gimanov, Volodymyr Zelensky, António Guterres, Chris Mcgrath, Vladimir V, Putin, Recep Tayyip Erdogan, Reni, Benoît Fayaud, Arif Husain, ”, Maciek, Mateusz Morawiecki, ” Monika Pronczuk Organizations: Ministry of Defense, Initiative, World Food, ., Agence France, United Nations, Getty, Strategie, European Union, The New York Times Ministers Locations: Kushuhum, Ukraine’s, Zaporizhzhia, Russia, Moscow, Ukraine, U.S, Chornomorsk, Odesa, Turkey, Istanbul, China, Poland, Izmail, Romanian, Constanta, Russian, Bulgaria, Hungary, Romania, Slovakia

☆ Recession obsession, AI boom and wild markets: What Wall Street can expect for the rest of 2023
▼ + stars: | 2023-06-22 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

So what does the rest of the year have in store for Wall Street? Unfortunately, Wall Street is unlikely to receive the clarity it seeks anytime soon. Still, economists at the Federal Reserve believe that a recession seems more likely by the end of 2023 than not. AI boom: Wall Street has a lot to worry about, but there’s at least one source of market euphoria: artificial intelligence. Satisfying your sweet tooth is about to get more expensiveIf you have a sweet tooth, take note: Cocoa prices have been soaring — and that could drive chocolate prices higher.

Persons: it’s, Rachel, Ross, Mulder, Scully, Sam, Diane, Vladimir, Estragon, Samuel Beckett’s, ”, Michael Arone, Matthew Bartolini, Darrell Cronk, “, Arif Husain, Rowe Price, Wells, Justin Thomson, Liz Ann Sonders, Charles Schwab, Samantha Delouya, It’s, Danielle Wiener, Bronner, El, Paul Organizations: CNN Business, Bell, New York CNN, Investors, State, Federal Reserve, JPMorgan, Wells, Investment Institute, Silicon Valley Bank, Signature Bank, First, State Street, JPMorgan Chase, ”, “, OceanGate Expeditions, Federal Aviation Administration, Virgin Galactic, SpaceX, Rabobank Locations: New York, Silicon, First Republic, Washington, Europe, Asia, United States, China

☆ Analysis: Pakistan in uncharted territory as army seeks to vanquish Imran Khan
▼ + stars: | 2023-05-22 | by ( Gibran Naiyyar Peshimam | ) www.reuters.com time to read: +6 min

[1/2] Pakistan's former Prime Minister Imran Khan, gestures as he speaks to the members of the media at his residence in Lahore, Pakistan May 18, 2023. There has never been that kind of challenge to Pakistan's military, which has held sway over the country since independence in 1947 with a mixture of fear and respect. The 1971 fall of Dhaka in what was then East Pakistan and the birth of Bangladesh after defeat by arch-enemy India has been the lowest point for Pakistan's military since 1947. Khan was released by court order two days after his arrest, but his Pakistan Tehreek-e-Insaf (PTI) party now faces the ire of the military. "The military's power comes from its ability to deploy force, not popularity - Pakistan's generals like being liked but they like being in control even more," he said.

☆ Mexican government takes pride in artistic team after cutting funding
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +2 min

Mexico increased their World Cup medal tally to four on Monday at the competition in Egypt, having travelled there thanks to the support of businessman Carlos Slim. With three golds and a bronze, the North American country finished second in the medal table behind Spain. Their first medal success came in the Mixed Team Technical event on Saturday, when a statement from the government praising the swimmers raised eyebrows after the National Commission for Physical Culture and Sport (CONADE) cut support from the team. "The Mexican artistic swimming team's historic participation in the World Cup in Egypt was a golden one. loadingCONADE head Ana Guevara announced the cut in funding in January after global governing body World Aquatics did not recognise the president of the Mexican Swimming Federation, Kiril Todorov, who is facing a trial for embezzlement.

☆ Glencore copper output dips, expects strong trading profit
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +1 min

April 21 (Reuters) - Glencore (GLEN.L) on Friday reported lower copper, zinc and nickel production in the first quarter but said it expects its trading division to exceed the top end of annual guidance. It now expects full-year marketing earnings before interest and tax (EBIT) to exceed the top end of its annual range between $2.2 billion and $3.2 billion in 2023. Glencore last month made a $22.5 billion takeover offer for Teck, which was rejected by the Vancouver-based miner's board as exposing its shareholders to thermal coal and energy trading. The bid included a proposed spinning out of thermal and steelmaking coal operations, rebranding the remaining company as GlenTeck. The all-share offer came as Teck's own plan to spin off its metallurgical coal business and focus on copper and zinc nears an April 26 vote.

☆ UK's THG gets buyout proposal from Apollo, shares jump
▼ + stars: | 2023-04-17 | by ( ) www.reuters.com time to read: +2 min

Apollo must announce a firm intention to make an offer by May 15 or walk away, the British company said. Oil services company John Wood Group (WG.L) said on Monday it is engaging with Apollo over a possible 1.66 billion-pound offer, while CVC Capital and Francisco Partners have tabled a 2.1 billion-pound takeover bid for payments provider Network International (NETW.L). Last week, EQT entered talks with veterinary pharma group Dechra (DPH.L) over a 4.63 billion-pound deal. THG, formerly known as The Hut Group, is set to publish full-year results on Tuesday. ($1 = 0.8063 pounds)Reporting by Muhammed Husain in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

Glencore latest offer is for Teck's shareholders to receive 24% of the combined metals group and up to $8.2 billion in cash for those who may not want exposure to thermal coal, which is the most polluting fossil fuel. Teck said its board will review and evaluate the offer, but nevertheless believes it is "largely unchanged" from the original bid. "The revised proposal does not provide an increase in the overall value to be received by Teck shareholders or appear to address material risks previously raised," Teck said in a Tuesday statement. "Getting Teck's Class A shareholders on board is a separate, more substantial challenge," LaFemina added. Reuters on Monday reported that Glencore Chief Executive Gary Nagle plans to meet with some of Teck's Canadian shareholders in Toronto on Thursday to personally lobby them for support.

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