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☆ Gaza mediators and others warn Israel of disaster if it launches a ground invasion on crowded Rafah
▼ + stars: | 2024-02-10 | by ( ) www.cnbc.com time to read: +4 min

Israel's neighbors and key mediators warned Saturday of disaster and repercussions if its military launches a ground invasion in Gaza's southern city of Rafah, where Israel says remaining Hamas strongholds are located — along with over half the besieged territory's population. There's even increasing friction between Netanyahu and the United States, whose officials have said a Rafah invasion with no plan for civilians there would lead to disaster. He fears even worse with a ground invasion of Rafah, and said the world's silence has enabled Israel to proceed. Later on Saturday, an Israeli airstrike on a home in Rafah killed at least 11 people, including three children, according to Ahmed al-Soufi, head of Rafah municipality. Two other strikes in Rafah killed two policemen and three senior officers in the civil police, according to city officials.

Persons: Benjamin Netanyahu, Sameh Shoukry, Read, Netanyahu, Annalena Baerbock, Khan Younis, Fadel, Ghannam, Ahmed al, Samir Abu Loulya, Ahmed Maghrabi, Ashraf al, Qidra, Herzl Halevi Organizations: Hamas, Associated Press, Nasser Hospital, Health Locations: Israel, Palestinian, Rafah, Gaza, Gaza's, Egypt, Qatar, Saudi Arabia, United States

☆ Slain Lebanese schoolgirl sisters are latest victims of Mideast war
▼ + stars: | 2023-11-06 | by ( Abdelaziz Boumzar | ) www.reuters.com time to read: +4 min

When they set off on Sunday, a missile Lebanon says Israel fired hit their car, killing all three and their grandmother, and leaving their mother wounded and confused. The Ayyoub sisters, aged 14, 12 and 10 respectively, are the latest victims of a Middle East war that began on Oct. 7 when Palestinian militant group Hamas attacked southern Israel, killing some 1,400 people, most of them civilians. Israeli strikes have killed some 60 Hezbollah fighters and at least 10 civilians, Lebanese security officials say. One of the girls’ aunts, Ahlam Ibrahim, said she did not expect this latest dark chapter for southern Lebanon to be the last. Among those killed in southern Lebanon in the current conflict is Reuters journalist Issam Abdallah.

Persons: Samir Ayoub, Lianne Ayyoub, Israel, Samir Ayyoub, Ahlam Ibrahim, “ It’s, we’ve, Issam Abdallah, Lebanon's, John Davison, Andrew Cawthorne Organizations: Reuters, United Nations, Palestinian, Hamas, Lebanese Hezbollah, Hezbollah, Thomson Locations: Israeli, Aytaroun, Lebanon, Israel, Beirut, Iran

BINT JBEIL, Lebanon (AP) — An Israeli airstrike in south Lebanon on Sunday evening killed four civilians, including a woman and three children, raising the likelihood of a dangerous new escalation in the conflict on the Lebanon-Israel border. One woman and three girls, ages 10, 12 and 14 were killed, and others were wounded, it said. Shortly after the Israeli strike, Hezbollah said its fighters had fired Grad rockets from southern Lebanon into Israel in response. Local media reported that the rockets landed in the Israeli border towns of Metula and Kiryat Shmona. Israeli army spokesperson Avichay Adraee tweeted that one Israeli was also killed Sunday in a strike launched by the Lebanese militant group Hezbollah.

Persons: BINT, —, Samir Ayoub, ”, ‘, Mohammad Suleiman, Salah Ghandour, Bint Jbeil, Daniel Hagari, “, Najib Mikati, Avichay Adraee, hadn't, Israel, Abby Sewell, Kareem Chehayeb, Julia Frankel Organizations: Sunday, National News Agency, Grad, Local, Associated Press, . Security Locations: BINT JBEIL, Lebanon, Israel, Gaza, Lebanon’s, Ainata, Metula, Shmona, Lebanese, Bint, Israeli, Blida, Beirut, Jerusalem

"We're definitely seeing a bit of a soft open in the IPO market", said Lizzie Reed, global head of the ECM syndicate desk at Goldman Sachs. Arm and Instacart shares briefly fell below their issue price, suggesting there is still some way before the IPO market fully recovers. Medical glass producer Schott Pharma (1SXP.F) debuted on the Frankfurt Stock Exchange on Thursday, with shares closing 16% above the IPO price. Klaviyo's shares are now trading at a 21% premium to their IPO price. "For the IPO market to open more broadly in the first quarter in 2024 ... we need the 2023 IPO cohort to continue to perform well," said Josh Weismer, head of U.S. ECM, Mizuho Americas.

Persons: Lizzie Reed, Goldman Sachs, IPOs, Robert Stowe ,, Suneel Hargunani, Schott, ThyssenKrupp, Hidrolectrica, Ross Devor, ”, Samir A, Gandhi, Stephane Gruffat, SoftBank, Josh Weismer, Echo Wang, Pablo Mayo, Anousha Sakoui, David Holmes Organizations: Bankers, ECM, Arm Holdings, Barclays, Citigroup, Schott Pharma, Frankfurt Stock Exchange, Thoma Bravo, Deutsche Bank, Nvidia, Apple, Qatar Investment Authority, U.S, Mizuho, Pablo Mayo Cerqueiro, Thomson Locations: United States, Europe, British, New York, U.S, IPOs, East, Africa, Romanian, Qatar, Mizuho Americas, London

☆ The unraveling of fintech darling Vise
▼ + stars: | 2023-03-03 | by ( Stephanie Palazzolo | ) www.businessinsider.com time to read: +28 min

It was April, and more than two dozen salespeople who worked for the fintech startup Vise had been ordered to a multiday off-site at the W Hoboken hotel in New Jersey to share exhaustive reports on their performance. Even salespeople at bigger, established, top-tier investment-management firms typically wouldn't close $250 million in a year, multiple sales employees said. (K-means clustering is an unsupervised machine-learning algorithm often referred to as a form of AI, Vise's founders said). (Vise's founders disputed this, saying the company received updated financial data only once a day for its portfolio-construction engine.) And to address its "leaky funnel" of overestimating prospective sales, Vise was to stop outreach to new clients while it onboards and upsells to existing clients, the document said.

☆ Edmond de Rothschild to open advisory office in Dubai
▼ + stars: | 2023-02-28 | by ( Hadeel Al Sayegh | ) www.reuters.com time to read: +2 min

DUBAI, Feb 28 (Reuters) - Edmond de Rothschild Group, which specialises in asset management and private banking, said on Tuesday it is expanding its presence in Dubai with an advisory office as it looks to the fast-growing Middle East hub to cater to an affluent pool of clients. It previously had a representative office in Dubai, but said the new office will "enhance" its ability to serve clients in the region. Edmond de Rothschild plans to hire about five people in Dubai next year, a spokesperson said. A growing number of hedge funds have set up shop in Dubai, attracted by lower licensing fees and capital requirements for the industry, including Millennium Management, ExodusPoint Capital Management and BlueCrest. French private equity firm Ardian said last month it was opening an office in neighbouring Abu Dhabi, capital of the United Arab Emirates, while CVC opened an office in Dubai last year.

☆ Ex-Philadelphia deputy accused of selling illegal guns, including 2 used in 'ambush' shooting at high school scrimmage
▼ + stars: | 2022-10-28 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

A former Philadelphia sheriff's deputy is accused of illegally selling firearms, including two which had been used in a deadly "ambush" after a high school football scrimmage, court documents state. The former deputy, Samir Ahmad, 29, faces charges of firearms trafficking and selling firearms to a person unlawfully in the U.S. Law enforcement gave the informant an audio recording device and instructed him to buy the gun from Ahmad. Three people — two teenagers and a 21-year-old man — were arrested in connection to the shooting, NBC Philadelphia reported. It's not clear if Ahmad knew the weapons had been used in the shooting prior to his obtaining them.

[1/2] Chief Financial Officer of HSBC Georges Elhedery poses for a photo in this undated handout picture. It’s also surprised investors and raised questions about HSBC’s direction. Known at HSBC (HSBA.L) for his strategic vision more than for his accounting skills, Elhedery has climbed the ranks of HSBC’s investment bank since joining in 2005. "It was a surprise to us,” said Hugh Young, Asia chairman of Aberdeen Standard Investments, one of HSBC's top 25 shareholders. CEO Noel Quinn has done a good job but investors are impatient for faster progress, Young said.

A logo of HSBC is seen on its headquarters at the financial Central district in Hong Kong, China August 4, 2020. Register now for FREE unlimited access to Reuters.com RegisterSince his return to HSBC in September, Elhedery has been working on projects for Quinn. He is one of several Lebanese bankers to rise to the top ranks at HSBC, including his predecessor heading the investment bank, Samir Assaf. Shares of Hong Kong-listed HSBC, which makes the bulk of its sales and profit in Asia, fell 2.5% in a firm broader market (.HSI). "This is about how the group executive committee is positioned with potential succession options for the future," Quinn told Reuters.

Deși Nepal a înăsprit controalele granițele și a impus restricții în regiunile sale cele mai afectate - inclusiv capitala – sunt temeri că măsurile nu vor fi suficiente pentru a ține virusul sub control. În ultimele zile, Nepal a înăsprit aceste reguli. A doua zi, Ministerul Sănătății a recunoscut că a fost copleșit de situație. Testarea a fost actualizată de la începutul primului val - țara a trimis inițial teste la Hong Kong pentru procesare, dar a trecut la aproximativ 20.000 de teste pe zi. Dar încercăm tot posibilul să îi facem față", a spus el.

Persons: Netra, Pradeep Kumar, Mani Dixit, nepalezii, Nepalului Gyanendra Shah, Komal Shah, Sharma Oli, Labh, Dr Organizations: CNN, Crucii Roșii, Ministerului Sănătății, Ministerul Sănătății, Armata Nepalului Locations: Nepal, India, Nepalului, Dr, Indiei, Pradeep, Gange, interconectată, străinătate, Hong Kong, Kathmandu

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