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☆ Fact Check: Video of Egyptian aid convoy bound for Gaza is from 2021, not 2023
▼ + stars: | 2023-10-17 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A May 2021 video showing a convoy at a standstill on the Egyptian side of the Rafah border crossing with Gaza has been falsely described online as showing an aid convoy being denied entry to Gaza in 2023. “Breaking: Aid vehicles at Rafah border refused entry into Gaza by Israel,” reads a post sharing the drone video on messaging platform X, formerly known as Twitter. The video was also shared with a similar caption on Facebook. While the video does show an area near the Rafah crossing, which was confirmed by Reuters using satellite imagery, it was not filmed in 2023. Egyptian news channel Al Nahar first shared the video on Facebook on May 31, 2021.

Persons: ”, Read Organizations: Twitter, Reuters, Facebook, Thomson Locations: Rafah, Gaza, Israel, Egypt, ”, Cairo

[1/5] An aerial view shows damage caused following a mass infiltration by Hamas gunmen from the Gaza Strip, in Kibbutz Beeri in southern Israel, October 11, 2023. But the scene that greeted him at a leafy kibbutz near Gaza at the weekend will haunt him forever. Atias said he saw the bodies of scores of men, women and children who had been gunned down or blown up by militants. On the grass of the kibbutz on Wednesday evening, bodies in white body bags were laid out in rows. Israel's death toll from the Hamas attack has reached 1,200 with more than 2,700 wounded, the Israeli military says.

Persons: Ilan Rosenberg, Hami Atias, Atias, I'd, Beeri, He'll, Mir Shani, Shani, he'll, Golan Abitbul, Neta, Emily Rose, Hayun, John Davison, Rosalba O'Brien Organizations: REUTERS, Reuters, Gaza, Palestinian, Hamas, Thomson Locations: Gaza, Kibbutz Beeri, Israel, Beeri, kibbutzes, Jerusalem

☆ Families of Israelis kidnapped by Hamas are pleading for their release and say they have no idea how their relatives are doing
▼ + stars: | 2023-10-10 | by ( Reed Alexander | ) www.businessinsider.com time to read: +10 min

Insider spoke to family members of those believed to be kidnapped to understand what happens now. He added that the American Jewish Committee's offices in Jerusalem and the US were actively "responding when we receive calls from family members" about missing loved ones. "We started getting WhatsApp messages from family members that Hamas was in the kibbutz," Onn said. But, as for those who were taken, Onn said the family has to hold on to hope during an excruciating time. A plea from loved onesInformation about missing loved ones has been hard to come by, people in Israel told Insider on Sunday and Monday.

Persons: —, Jonathan Conricus, Nir Oz, Abbey, Onn, That's, it's, Ted Deutch, Benjamin Netanyahu's, Kenneth Quinn, who's, Quinn, Nahar, Adrienne Neta, Biden, Neta, Rubi Chen, Itay, Chen, Lester Holt, John Kirby, Kirby, Shelly Shem Tov, Omer, Jake Tapper, Shem Tov, Tapper, she'd, Reed Alexander Organizations: Service, Hamas, Israel Defense Forces, US State Department, Israel Defence Forces, American Jewish Committee, Democratic, Jewish, Israel, Reuters, State Department, NBC News, National Security Council, White, United, CNN Locations: Gaza, Israel, American, Herzliya, Tel Aviv, Florida, Jerusalem, Hamas, Washington, United States, Israeli

☆ Player goes missing after refusing to come on as sub for Egyptian club
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +1 min

CAIRO, May 8 (Reuters) - Egyptian club ENPPI said Burkina Faso winger Eric Traore has gone missing since walking out of the stadium during a match against Aswan on April 18 after refusing to come on as a late substitute. ENPPI said the 26-year-old, who was on loan from the Pyramids club, had switched off his phones after leaving their Cairo stadium and attempts to contact him through his wife and agent had been to no avail. The club, which is run by the state-owned oil company, said it had informed the Egyptian Football Association that Traore had disappeared but had not filed a complaint. "We just hope he is in good condition and we can discuss formalities at a later time," ENPPI football manager Mohamed Ismail told Egyptian Al-Nahar TV. Reporting by Ahmed Mostafa, Writing by Osama Khairy; editing by Nick Mulvenney and Peter RutherfordOur Standards: The Thomson Reuters Trust Principles.

☆ Why Goldman’s consumer ambitions failed, and what it means for CEO David Solomon
▼ + stars: | 2023-02-27 | by ( Hugh Son | ) www.cnbc.com time to read: +10 min

That's because many of the decisions Solomon made over the next four years — along with aspects of the firm's hard-charging, ego-driven culture — ultimately led to the collapse of Goldman's consumer ambitions, according to a dozen people with knowledge of the matter. Goldman executives were eager to seal the deal with the tech giant, which happened before Solomon became CEO, they added. The rapid growth of the card, which was launched in 2019, is one reason the consumer division saw mounting financial losses. Within months, Ismail left Goldman, sending shock waves through the consumer division and deeply angering Solomon. Goldman should plow some of those volatile earnings into more durable consumer banking revenues, the thinking went.

☆ Wall Street trading firms aren't giving up on crypto just yet
▼ + stars: | 2023-02-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

A bunch of high-profile Wall Street investors just piled into a startup that pledges to fix a major issue in the crypto industry. And while plenty of those bets blew up — the most spectacular of which was crypto exchange FTX — that hasn't stopped Wall Street. Click here to read more about a new crypto startup that's got backing from some of Wall Street's top trading firms. For a breakdown of all the key partnerships between Wall Street and cloud partners, check out our running list of more than 30 deals. Cheman Cheung left Wall Street after his father passed away to recover from a state of "mental chaos."

☆ Goldman’s Marcus is a lesson in self-made failure
▼ + stars: | 2023-02-02 | by ( John Foley | ) www.reuters.com time to read: +7 min

Being a consumer bank was a good idea when Goldman’s leaders cooked it up eight years ago. Fast forward to 2023, and consumer banking is still highly lucrative. The practice of working through the night is common in the investment banking division Solomon once headed but rare in consumer banking. For example, Goldman’s engineers had to fight to host consumer banking systems on the cloud rather than on the bank’s own servers. That year, nobody from the consumer bank was promoted to the firm’s prestigious partner level.

Exports, which constitute about 22% of the industry, have fallen for five months in a row - declining over 15% year-on-year in November to $3.1 billion. Domestic sales are sluggish despite strong growth in the overall economy because of high costs and cheap imported garments, manufacturers say. Reuters GraphicsIn the textile industry, manufacturers say higher domestic cotton prices and other costs have hit profit margins, while overseas orders for next summer are down by about one-third and domestic demand remains weak. "The government needs to scrap the 11% import duty on cotton so local textile mills can have a level playing field," Ganatra said. Reuters GraphicsFEAR OF JOB CUTSMany textile manufacturers, who have frozen hiring of workers, have warned of jobs cuts if the government fails to provide relief soon.

☆ Goldman Sachs is going through a massive transformation under CEO David Solomon
▼ + stars: | 2022-05-16 | by ( Business Insider | ) www.businessinsider.com time to read: +6 min

Goldman Sachs CEO David Solomon has been taken steps to transform the bank. Here's a rundown of other must-know news at Goldman, from struggles at its Marcus consumer bank to its return-to-office push, hires and exits. In November 2021, Goldman Sachs elevated 643 people to its 2021 class of managing directors, marking its largest class yet. Read more:Junior bankers in focusPeople enter and exit 200 West Street the Goldman Sachs building in New York. The going rate for investment-banking analysts on Wall Street, including Goldman Sachs, is now $110,000 before bonus, up from $85,000 pre-pandemic.

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