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☆ Ukraine war live updates: NATO chief chides China; Pentagon says weapons will reach Ukraine 'within days'
▼ + stars: | 2024-04-26 | by ( Natasha Turak | ) www.cnbc.com time to read: 1 min

A view of the street filled with rubbles of partially destroyed building after a Russian missile strike as at least 7 were killed, 28 injured in the attack Ukrainian Ministry of Internal Affairs said, in Dnipro, Ukraine on April 19, 2024. The Pentagon says its deliveries of weapons from the latest U.S. support package for Kyiv are on their way and will arrive in the coming days, if not sooner. Russian officials have hit back at the news, saying the new arms provisions will harm the region's security but will not bring Ukraine any closer to defeating Russia. NATO Secretary-General Jens Stoltenberg had some strong words for China, saying Beijing must end its support for Russia's war in Ukraine if it wants better relations with the West, and that it cannot have it "both ways." Elsewhere, U.S. Secretary of State Antony Blinken is visiting Chinese President Xi Jinping in Beijing.

Persons: Jens Stoltenberg, Antony Blinken, Xi Jinping Organizations: Ukrainian Ministry of Internal Affairs, Pentagon, Kyiv, Russia, NATO Locations: Russian, Ukrainian, Dnipro, Ukraine, China, Beijing

☆ Ukraine war live updates: Russian strikes hit Ukrainian critical infrastructure; UK finance minister visits Kyiv
▼ + stars: | 2024-04-25 | by ( Natasha Turak | ) www.cnbc.com time to read: 1 min

Ukraine came under attack from Russian aerial strikes overnight, which hit critical infrastructure in the central region of Cherkasy, local officials said. In the southeastern region of Zaporizhzhia, which is occupied by Russian forces, Moscow-installed officials there reported that Ukrainian drone strikes killed two civilians. U.K. Finance Minister Jeremy Hunt is in Kyiv meeting Ukrainian President Volodymyr Zelenskyy, and will meet with other officials throughout the day. The visit comes a day after U.S. President Joe Biden signed a massive Ukraine aid bill into law, which will provide the embattled country with tens of billions of dollars in more military and financial funding for its fight against Russia's invasion.

Persons: Jeremy Hunt, Volodymyr Zelenskyy, Joe Biden Organizations: Finance Locations: Ukraine, Cherkasy, Zaporizhzhia, Moscow, Ukrainian, Kyiv

☆ NASA releases satellite photos of Dubai and Abu Dhabi before and after record flooding
▼ + stars: | 2024-04-24 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

NASA released photos of parts of Dubai and Abu Dhabi before and after the United Arab Emirates was hit by record rainfall last week that caused dangerous floods and paralyzed much of the country. The images, taken by NASA Earth Observatory on Friday using Landsat data from the U.S. Geological Survey, show large patches of water all over the desert and urban landscape of the UAE where previously there was none – almost looking as if small lakes had appeared. "Some areas remained flooded on April 19, when Landsat 9 passed over the region for the first time since the storms," NASA wrote on its Earth Observatory website. Flash floods that formed on April 16 led to water engulfing cars, in some areas fully submerging them, leading hundreds of drivers to abandon their vehicles on roads to escape the rising water levels. The normally dry desert country in the Gulf was pummeled with roughly a year's worth of rain in less than a day, more than it has ever seen in a single storm since records for the UAE began in 1949.

Organizations: NASA, United Arab, NASA Earth, U.S . Geological Survey, UAE Locations: Dubai, Abu Dhabi, United Arab Emirates, U.S, UAE

☆ UAE central bank asks lenders to defer loan repayments for six months to help flood-hit residents
▼ + stars: | 2024-04-23 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

The United Arab Emirates' central bank sent a directive to the country's lenders and insurers approving the deferring of loan repayments for six months, as residents and businesses reel from historic floods that paralyzed the normally dry desert emirate. "The Central Bank today issued a notice to all banks and insurance companies to allow the deferral of repayment of instalments of personal and car loans for customers affected by the repercussions of the weather condition for a period of six months," the bank said in a Monday statement. "The deferral shall be without imposing additional fees, interest or profits, or otherwise increase the principal amount of the loan for the deferral of the repayment of installments." The notice will come as a relief to the many UAE residents who suffered losses and damages during the record-breaking storm. Roughly a year's worth of rain pummeled the Gulf country in a span of just 12 hours between April 16 and 17, destroying businesses, cars and other property.

Organizations: United Arab, Central Bank Locations: United Arab Emirates, UAE

☆ Emirates CEO issues apology after Dubai flood chaos; says airline has 30,000 suitcases to return
▼ + stars: | 2024-04-22 | by ( Natasha Turak | ) www.cnbc.com time to read: +3 min

People queue at a flight connection desk after a rainstorm hit Dubai, causing delays at the Dubai International Airport, United Arab Emirates, April 17, 2024. Rula Rouhana | ReutersThe CEO of Emirates airline issued an apology letter to customers over the weekend after historic rains in the United Arab Emirates caused record flooding and mayhem at Dubai's airport. Hundreds of flights were grounded and thousands of customers were stranded as a result. A woman and her daughters eat as they wait for their flight after a rainstorm hit Dubai, causing delays at Dubai International Airport, United Arab Emirates, April 17, 2024. Another traveler told CNBC via social media: "It took me 48 hours to get from London to Baghdad via Dubai.

Persons: Rula Rouhana, Tim Clark, Clark, Giuseppe Cacace Organizations: Dubai International Airport, United, United Arab Emirates, Emirates, Dubai Airport, Reuters, CNBC, Dubai ., Afp, Getty Locations: Dubai, United Arab, Emirates, London, Baghdad, gridlocked

☆ Israel carries out limited strike against Iran, source says
▼ + stars: | 2024-04-19 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

An Iranian flag is pictured near in a missile during a military drill, with the participation of Iran’s Air Defense units, Iran October 19, 2020. Israel launched a limited direct military attack on Iranian soil early Friday morning, marking the latest escalation in a series of back-and-forth strikes between the two foes, a source familiar with the situation told NBC News. Iranian state media outlets reported explosions in the central Iranian city of Isfahan, but officials in the country have said they were caused by air defenses shooting down drones, Reuters reported. The news comes days after Iran launched its first-ever direct attack on Israel in the form of more than 300 drones and missiles, which were mostly intercepted by Israeli air defenses and caused no deaths. Tehran said the attack was retaliation for an Israeli strike on an Iranian diplomatic compound on April 1 that killed two senior Iranian generals, among others.

Organizations: Iran’s Air Defense, NBC News, Reuters Locations: Iran, Israel, Iranian, Isfahan, Tehran

☆ Israel and Iran: All-out war, or measured retaliation?
▼ + stars: | 2024-04-19 | by ( Natasha Turak | ) www.cnbc.com time to read: +5 min

Atta Kenare | AFP | Getty Imageswatch nowBut a full-blown conventional war would be devastating to both sides and highly destabilizing for the Middle East. Are these tit-for-tat blows between Israel and Iran clear evidence of all-out war, or carefully calibrated retaliation strikes? "With Israel's apparent strikes on Iran today, retaliating for Iran's attack on Israel last Sunday, we now have a direct nation-on-nation hot war," he told CNBC's "Capital Connection" Friday. 'Ball is back in Iran's court'Not everyone agrees that the line into wider war has been crossed, however. Within hours of the Israeli strikes, risk assets were already on their way back down, with international oil benchmark Brent crude turning lower for the session after a brief spike.

Persons: Atta Kenare, Benjamin Netanyahu, Joe Biden, Netanyahu, Ebrahim Raisi, Clay Seigle, CNBC's, Ehud Olmert, CNBC's Dan Murphy, Olmert, Ian Bremmer, Michael Singh, Israel, Rob Casey, Casey Organizations: AFP, Getty, Washington, Rapidan Energy Group, Israeli, Military, Israel, Eurasia Group, National Security Council, Wall Street, Signum Global Advisors, Anadolu, International Atomic Energy Agency, Brent Locations: Palestine Square, Tehran, Israel, Iran, U.S, Damascus, Gulf of Oman, Hormuz, Anadolu

☆ McDonald's will buy all 225 restaurants from Israel franchise following pro-Palestinian boycott fallout
▼ + stars: | 2024-04-05 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

McDonald's signed a deal to purchase all 225 of the restaurants that comprise its Israel franchise, the American fast-food chain announced, following months of dramatically lower sales due to pro-Palestinian boycott action amid the Israel-Hamas war. "An agreement to sell Alonyal to McDonald's Corporation has been signed," the McDonald's statement said Thursday. "Upon completion of the transaction, McDonald's Corporation will own Alonyal Limited's restaurants and operations, and employees will be retained on equivalent terms." "We are dismayed by the disinformation and inaccurate reports regarding our position in response to the conflict in the Middle East," McDonald's Corp. said in a November statement. "McDonald's Corporation is not funding or supporting any governments involved in this conflict, and any actions from our local Developmental Licensee business partners were made independently without McDonalds' content or approval."

Persons: McDonald's, Omri Padan, Israel —, —, Chris Kempczinski Organizations: Israel, Alonyal Ltd, McDonald's Corporation, McDonald's, Consumers, Gaza, enclave's Health Ministry, World Health Organization, McDonalds Locations: Israel, East, Malaysia, Indonesia

☆ Russia-Ukraine war live updates: Moscow reports concert terror attack link to Kyiv; Zelenskyy says Ukraine stabilized battle positions
▼ + stars: | 2024-04-05 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

Ukraine's President Volodymyr Zelensky looks on during a press conference with French President at the presidential Elysee palace in Paris on February 16, 2024, after signing a bilateral security agreement. Ukraine has managed to "stabilize" its positions on the home battlefield, in "all those areas of the front where the Russian army expected to succeed at the moment," Ukrainian Volodymyr Zelenskyy said in his nightly address. Zelenskyy separately acknowledged four people were killed in Kharkiv in northeastern Ukraine on Thursday, following a Russian strike with an Iranian-make "Shahed" drone on a residential area. The toll included three rescuers from Ukraine's state emergency service. The Kyiv leader added he has spoken with the military to bolster air defense for Kharkiv, Sumy and the country's southern regions.

Persons: Volodymyr Zelensky, Volodymyr Zelenskyy, Zelenskyy Organizations: French Locations: Paris, Ukraine, Kharkiv, Russian, Iranian, Sumy

☆ Ukraine war live updates: NATO chief floats 100 billion euro fund for Kyiv; Ukraine shoots down 4 Russian drones overnight
▼ + stars: | 2024-04-03 | by ( Natasha Turak | ) www.cnbc.com time to read: 1 min

NATO Secretary General Jens Stoltenberg speaks during a press conference at the International Monetary Fund and World Bank annual meeting in Marrakech, Morocco, October 11, 2023. NATO foreign ministers are gathering in Brussels, where the alliance's Secretary-General Jens Stoltenberg is proposing a five-year, 100 billion euro ($107 billion) military and fund for Ukraine. It is not yet clear where the money would come from. The U.K.'s Foreign Minister David Cameron meanwhile is urging member states to invest more in defense and increase industrial production, saying it is necessary if the alliance wants Ukraine to defeat Russia. Elsewhere, Ukraine's air defenses shot down four Iranian-made Shahen drones fired from Russia overnight, its air force said in a statement.

Persons: Jens Stoltenberg, David Cameron meanwhile Organizations: NATO, International Monetary Fund, Bank Locations: Marrakech, Morocco, Brussels, Ukraine, Russia

☆ Turkey's inflation climbs to 68.5% despite continued rate hikes
▼ + stars: | 2024-04-03 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Cagla Gurdogan | ReutersTurkey's annual inflation rose to 68.5% for the month of March, an increase on February's 67.1% inflation read, according to the Turkish Statistical Institute's report released Wednesday. Turkey has launched a concerted effort to tackle soaring inflation with interest rate hikes, most recently raising the country's key rate from 45% to 50% in late March. watch nowMuch of the inflation in recent months stems from a significant increase to the minimum wage that Turkey's government mandated for 2024. Economists expect further rate hikes from the central bank will be necessary. Turkey's central bank implemented eight consecutive interest rate hikes from June 2023 to January 2024, totaling a cumulative 3,650 basis points.

Persons: Cagla Gurdogan, Nicholas Farr, Istanbul Mayor Ekrem Imamoglu, Umit Bektas Organizations: Reuters, Economics, Istanbul Mayor, Republican People's Party Locations: Ankara, Turkey, Europe, London, Istanbul Metropolitan, Istanbul

☆ International food charity says seven of its workers killed in Israeli airstrike
▼ + stars: | 2024-04-02 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

Several staff of the non-profit World Central Kitchen were killed in an Israeli airstrike in Gaza overnight, the organization's founder José Andrés wrote on social media site X. "Today @WCKitchen lost several of our sisters and brothers in an IDF air strike in Gaza. I am heartbroken and grieving for their families and friends and our whole WCK family ... The Israeli government needs to stop this indiscriminate killing," Andres wrote. The Israeli military said in a statement early Tuesday, cited by the New York Times, that it was "conducting a thorough review at the highest levels to understand the circumstances of this tragic incident."

Persons: José Andrés, @WCKitchen, Andres Organizations: Hamas, New York Times Locations: Rafah, Gaza, Israel

☆ Turkey's local elections — and whoever wins Istanbul — could dictate the future of the country
▼ + stars: | 2024-03-29 | by ( Natasha Turak | ) www.cnbc.com time to read: +6 min

As the sunsets, a ferry boat glides across the waters of the Golden Horn with the Suleymaniye Mosque and the city of Istanbul, Turkey in the background. Vw Pics | Universal Images Group | Getty ImagesTurkish President Recep Tayyip Erdogan once said that whoever wins Istanbul wins Turkey. This is odd but also shows how important it is to win Istanbul," Tunca said. Major Turkish cities like Istanbul and the capital Ankara will be key races to watch. Istanbul Municipality Mayor Ekrem İmamoğlu speaks at the 19 May Commemoration of Atatürk, Youth and Sports Day celebrations held at the Maltepe Event Area on May 19, 2023 on Istanbul, Turkey.

Persons: Recep Tayyip Erdogan, Imamoglu, Erdogan, People's Party's, Murat Kurum, Arda Tunca, Volodymyr Zelenskiy, Tayyip Erdogan, Umit Bektas, Tunca, Kristin Ronzi, RANE, Erdogan's, Ekrem İmamoğlu, Hakan Akgun, Turkey's, Ronzi Organizations: Getty, Istanbul, sympathizing, Development Party, AK Party, Imamoglu, AK, CNBC, European Union, NATO, Reuters, Party, Imamoglu's CHP, Turkey's, CHP Locations: Istanbul, Turkey, Ukraine, Russia, Arab, Turkish, Ankara, East, North Africa

☆ Qatari royal reportedly invested $50 million in pro-Trump news channel Newsmax
▼ + stars: | 2024-03-27 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Right-wing news outlet Newsmax received an investment of roughly $50 million from a Qatari royal between 2019 and 2020, the Washington Post reported, citing documents seen by the paper and confirmations from representatives of both Newsmax and the royal investment firm. Former Qatari government official Sheikh Sultan bin Jassim Al Thani invested in Newsmax through Heritage Advisors, a London-based investment fund that he owned, according to the report. According to the Post's reporting on Tuesday, Newsmax was looking for investors to compete with the likes of Fox News. In a statement cited by The Hill, a Newsmax spokesperson said: "In 2019 Newsmax received a minority investment from a UK-based fund with a Qatari investor that also invested in a company associated with the current Washington Post publisher. The Qatari royal "transferred his stake to a Cayman Islands-based corporate structure," the Post reported, adding that the $50 million investment represented a "significant minority stake."

Persons: George R, Newsmax, Sultan bin Jassim Al Thani, Donald Trump's Organizations: National Rifle Association, Brown Convention, Washington Post, Former Qatari, Heritage Advisors, United Arab, Doha stringently, Fox News, CNBC, Qatari, Dominion Voting Systems Locations: Houston , Texas, Newsmax, London, Qatar, United Arab Emirates, Saudi Arabia, Qatari, Cayman Islands

☆ Boeing needs to be led by engineers, time is not on its side, Emirates Airline president says
▼ + stars: | 2024-03-27 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Boeing needs to be led by engineers if it wants to pull itself out of its current crisis, Tim Clark, the president of Emirates Airline, said in comments Wednesday. "To fix Boeing's issues the company needs a strong engineering lead as its head coupled to a governance model which prioritizes safety and quality," said Clark, who leads Dubai's flag carrier Emirates. Aviation analysts and former Boeing employees have criticized the company's reported sidelining of engineers in its senior management ranks. Boeing CEO Dave Calhoun will also step down at the end of 2024. "Whether, yet again, this changing of the guard will resolve Boeing's issues only time will tell, but time, unfortunately, is not on their side," Clark said.

Persons: Tim Clark, Max, Clark, Stan Deal, shakeup, Stephanie Pope, Dave Calhoun Organizations: Boeing, Emirates Airline, Alaska Airlines, Federal Aviation Administration, Justice Department, FAA, Max, Emirates, Machinists, Aviation, CNBC

☆ 'An extraordinary thing': U.S. break with Israel on UN cease-fire vote triggers Netanyahu rage
▼ + stars: | 2024-03-26 | by ( Natasha Turak | ) www.cnbc.com time to read: +4 min

Israeli Prime Minister Benjamin Netanyahu had warned prior to the vote that the delegation's visit would be pulled, if Washington did not veto the motion. "The U.S. declining to protect Israel from a resolution it passionately objects to by not providing a veto is an extraordinary thing." The motion also called for the immediate and unconditional release of all hostages held by Hamas in the Gaza Strip. "In this case, the abstention is a very strong signal to Israel that the United States is losing patience," Ibish said. Smoke billows after Israeli bombardment in central Gaza City on March 18, 2024, amid the ongoing battles between Israel and the militant group Hamas.

Persons: United Nations Linda Thomas, Greenfield, Angela Weiss, Israel, Benjamin Netanyahu, Hussein Ibish, Matthew Miller, Miller, Netanyahu, Chuck Schumer, Ibish, Israel's, Biden Organizations: United Nations, United Nations Security, UN, Afp, Getty, Hamas, White, Security, U.S, UN Security Council, Gulf States Institute, CNBC Locations: Gaza, New York, Israel, Palestinian, Washington, Israeli, United States, Rafah, Gaza City

☆ Saudi Arabia is building the world's first Dragon Ball Z theme park
▼ + stars: | 2024-03-25 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Visitors try out the latest version of Dragon Ball Z Kakarot at the 2019 Gamescom gaming trade fair in Cologne, Germany. Saudi Arabia is set to become home to the first-ever Dragon Ball Z theme park — a 5.3 million square foot entertainment venue announced as part of the kingdom's huge Qiddiya project. Five of the rides at the Dragon Ball Z theme park will be "world firsts," according to the release, one of which will be a 230-foot-high roller coaster called Shenron, named after the series' magical dragon. Vision 2030, the name of this project, a brainchild of Saudi Crown Prince Mohammed bin Salman, has also set a target of 150 million tourists visiting the kingdom annually by 2030. Tourism reached a record for the country in 2023 at 106 million, according to its tourism ministry — an increase of 56% from 2019.

Persons: Prince Mohammed bin Salman, It's Organizations: Toei Animation, Saudi, Public Investment Fund, Nintendo, Tourism Locations: Cologne, Germany, Saudi Arabia, Japan, Riyadh —, Riyadh, City

☆ Ukraine war updates: Western leaders slam Putin's election win as 'illegitimate'; Ukraine hit with new wave of drone attacks
▼ + stars: | 2024-03-18 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

Russian President Vladimir Putin meets with the media at his campaign headquarters in Moscow on March 18, 2024. Russian President Vladimir Putin swept through the country's election over the weekend to secure a fifth term in power, claiming 87.97% of the vote in a contest with no real opposition. Western leaders condemned the poll as "illegitimate" and neither free nor fair, while Putin hailed the result and turnout as proof of his country's democracy. Ukraine's Air Force said it downed 17 out of 22 Iranian-made Shahed attack drones sent from Russia over a number of Ukrainian cities overnight. It reported that six people were injured and warned of further danger from ballistic missiles in the northeastern region of Kharkiv.

Persons: Vladimir Putin, Putin Organizations: Putin, Ukraine's Air Force Locations: Moscow, Russian, Russia, Kharkiv

☆ Saudi Arabia's massive wealth fund is in talks to acquire national airline Saudia: Report
▼ + stars: | 2024-03-18 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

Saudi Arabia's behemoth sovereign wealth fund is in talks to buy the kingdom's national airline Saudia, Bloomberg reported over the weekend, citing people familiar with the matter. According to the initial report, the acquisition would see the PIF take over the airline's ownership from the government to increase its efficiency and ability to make profit. Founded in 1945, Saudia has a fleet of 144 aircraft — 93 Airbus planes and 51 made by Boeing — and flies to more than 100 destinations, according to its website. It is not yet known how the airline would be valued. Talks are said to be in early stages, and could be delayed or axed altogether, Bloomberg reported.

Persons: Saudia, Boeing — Organizations: Saudi, Saudia, Bloomberg, Public Investment Fund, Riyadh Air, Airbus, Boeing Locations: Saudi Arabia

☆ Turkey opts for new tightening strategy after signaling a pause to hikes
▼ + stars: | 2024-03-15 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

A picture taken on August 14, 2018 shows the logo of Turkey's Central Bank at the entrance of its headquarters in Ankara, Turkey. Turkey's central bank is opting for a different monetary tightening method as it grapples with climbing inflation, after previously signaling that its rate-hiking cycle was over. The institution sent a directive to lenders, effective Friday, instructing them to put parts of their required lira reserves into blocked accounts. Economic data platform Emerging Market Watch posted on X, describing the central bank as taking "another tightening step via reserve requirements." "Last week the CBRT tightened restrictions on lira loan growth, a move that would likely have a similar impact to an interest rate hike."

Persons: That's, Arda Tunca, Dan Murphy Organizations: Turkey's Central Bank, Reuters, CNBC, Capital Economics, FX, Economics Locations: Ankara, Turkey, Turkey's, Istanbul, Turkish, London

☆ How far does Gulf money go? An Abu Dhabi-backed newspaper buyout attempt is sparking panic in London
▼ + stars: | 2024-03-14 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Copies of The Daily Telegraph newspaper on a newsstand in a shop in London, UK, on March 12, 2024 (L), and UAE Vice President Sheikh Mansour bin Zayed al-Nahyan speaking at COP28 on Dec. 1, 2023. More than 100 members of Parliament have signed a letter opposing the buyout of major British newspaper the Telegraph and news magazine, The Spectator, by UAE government-backed investment fund RedBird IMI. Long a favorite of Britain's Conservative Party, ownership of the 168-year old daily is not just about profit, but about power. The deal would ultimately see the Telegraph, which is valued at a reported £600 million, come under full Emirati ownership. Lawmakers have been scrambling to introduce a new law that would enable Parliament to veto buyouts of news outlets by foreign governments.

Persons: Sheikh Mansour bin Zayed, Nahyan, Britain's, Long, Sheikh Mansour bin Zayed Al Nahyan, Barclay, Lucy Frazer Organizations: Daily Telegraph, UAE, COP28, United Arab Emirates, United Emirates, British, Telegraph, The, IMI, Britain's Conservative Party, Lloyds Bank, State for Culture, Media, Sport Locations: London, DUBAI, United Arab, Qatar, Saudi Arabia, UAE

☆ BP and Abu Dhabi National Oil Company suspend major purchase in Israeli gas firm
▼ + stars: | 2024-03-13 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

DUBAI, United Arab Emirates — Plans for a 50% stake purchase by energy major BP and Abu Dhabi National Oil Company (Adnoc) in Israeli gas producer NewMed are on hold because of regional turbulence, NewMed said Wednesday. The three companies "have agreed, due to the uncertainty created by the external environment, to suspend discussions in relation to the proposed transaction," a NewMed statement said. The statement also said that BP and Adnoc "reiterated [their] interest in the proposed transaction," indicating that the deal was not permanently off the table. At the time, BP and Adnoc said that the deal would result in a joint venture from the two companies to focus on "gas development in international areas of mutual interest including the East Mediterranean." The two companies last month announced a separate gas joint venture in Egypt.

Persons: NewMed, Adnoc Organizations: Abu, Abu Dhabi National Oil Company, Tel, BP, CNBC Locations: Nasholim, DUBAI, United Arab Emirates, Abu Dhabi, Tel Aviv, Egypt

☆ Pope Francis' 'white flag' call for Ukraine faces backlash; India wants its 'duped' citizens back from Russian army
▼ + stars: | 2024-03-11 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

A screen grab from a video shows artillerymen of the West group of troops, moving along the Kupyansk direction as military mobility of Russian soldiers of MLRS 'Tornado-G' of the group of forces 'West' in the direction of Kupiansk continue in Kharkiv Oblast, Ukraine on March 08, 2024. Pope Francis is facing backlash from Ukrainian and other European leaders over comments he made in an interview advocating for putting up a "white flag" and negotiating with Russia, saying that the "strongest" party in the war is "the one who has the courage of the white flag, and negotiates." Shelling continues in eastern Ukraine, where local authorities say three people were killed and a dozen injured by Russian fire. Kyiv on Sunday said that Moscow launched missiles at the northeastern region of Kharkiv and drone attacks on Ukraine's center and south, while Russian authorities said that a Russian woman in the border region of Kursk was killed by Ukrainian shelling. Elsewhere, India is seeking the release of its citizens who have been "duped" into serving in the Russian army, Indian government officials have said, demonstrating a rare critique of Moscow.

Persons: Pope Francis Organizations: Sunday Locations: Kharkiv Oblast, Ukraine, Russia, Kyiv, Moscow, Kharkiv, Russian, Kursk, India

☆ Ray Dalio says Taylor Swift should be president, posts Eras Tour selfie
▼ + stars: | 2024-03-08 | by ( Natasha Turak | ) www.cnbc.com time to read: +3 min

Hedge fund billionaire Ray Dalio attended a Taylor Swift Eras Tour concert in Singapore, and posted a selfie from the packed venue along with a caption explaining why he thought the megastar should be the next president of the United States. the Bridgewater Associates founder Dalio wrote Thursday on Instagram. Dalio later tweeted an update, elaborating on his frame of mind when he made the first post, and explaining it. "Re: my Taylor Swift for president! Perhaps he now hopes Swift will fill in the blank space left by Haley's recent departure for the race.

Persons: Ray Dalio, Taylor, @TaylorSwift, !, Dalio, Taylor Swift, Swift's, Joe Biden's, Donald Trump, Swift, Nikki Haley Organizations: Bridgewater Associates, Pentagon, CIA, Biden, Super, Trump, United Nations Locations: Singapore, United States, Bridgewater, U.S

☆ Biden 'determined' not to deploy U.S. troops to Ukraine; Chinese delegation meets in Kyiv
▼ + stars: | 2024-03-08 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

Microsoft on Friday said that Russian group Nobelium, which the company refers to as Midnight Blizzard, has been trying to access its internal systems and source code repositories. "In recent weeks, we have seen evidence that Midnight Blizzard is using information initially exfiltrated from our corporate email systems to gain, or attempt to gain, unauthorized access. This has included access to some of the company's source code repositories and internal systems," Microsoft said in a blog post. Microsoft said Midnight Blizzard was trying to access secrets, including those shared between Microsoft and its customers, but that it was reaching out and helping affected customers. Microsoft first said in January that it had detected a cyberattack from Nobelium, which saw the Russian group hack emails from top executives.

Persons: Blizzard, — Sophie Kiderlin Organizations: Microsoft, Midnight Locations: Nobelium, Russian

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