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Members of gang Kraze Baryé in Port-au-Prince, Haiti, in April 2024. Stopping the flow of guns to Haiti would likely have an immediate impact on the bloodshed, according to police and human rights experts. “We have to cut the gangs’ weapons supply lines. Vitel'homme Innocent walks with armed members of Kraze Baryé in Port-au-Prince, Haiti, in April 2024. CNNAn ‘iron river’ from the United StatesThe guns Haiti’s gangs wield are a mix of stolen and smuggled, and the United States is by far the main source of the latter, according to UN experts.

Persons: Prince, Prince CNN —, they’ve, don’t, ”, Pierre Esperance, William O’Neill, Ariel Henry, ” Sylvie Bertrand, Innocent, Vitel'homme Innocent, Kraze, UNODC, Joly Germine –, Mawozo –, Mariani, Izo, Andre Johnson, ” Esperance, Bertrand Organizations: Prince CNN, ”, CNN, Human Rights Defense Network, Kenyan, UN, Rights, Drugs, United, US, of Alcohol, Tobacco, Firearms, Explosives, Miami, ATF, Haitian National Police, Customs, Cap Haitien . Drugs, Episcopal, ” CNN, Homeland Security Investigations, US Department of Homeland Security, US Department of Commerce’s, Export Enforcement, National Police, Haiti’s, Customs Administration Locations: Port, Dominican Republic, Bahamas, Caicos, British, Florida, Haiti, Prince, Caribbean, ”, Israel, Turkey, Czech Republic, Brazil, United States, Latin America, Texas , Louisiana, Georgia, Gonave ., South America, Jamaica, Haiti’s, Cap Haitien, Haitian, Esperance

☆ Federal judge in Texas says agency created to help minority-owned businesses must provide assistance to all races
▼ + stars: | 2024-03-06 | by ( Devan Cole | ) edition.cnn.com time to read: +4 min

Washington CNN —A federal judge in Texas said Tuesday that a US Commerce Department agency intended to help minority-owned businesses must offer assistance to all individuals, regardless of race, agreeing with White business owners who claimed that its policies were unconstitutional. Because they aren’t on the Agency’s magic list, the Agency presumes they aren’t disadvantaged,” Pittman wrote. Time’s up.”The MBDA is one of the only federal agencies focused exclusively on developing and advocating for minority-owned businesses. In recent years, conservatives have increasingly turned to federal courts in Texas to challenge certain federal programs and actions. “To the extent the MBDA offers services pursuant to an unconstitutional presumption, that’s fifty-five years too many,” Pittman said in his latest ruling.

Persons: Mark Pittman, Donald Trump, Pittman, …, ” Pittman, ”, Nixon, “, ’ ”, MBDA Organizations: Washington CNN, US Commerce Department, US, Minority Business Development Agency, Latino, Agency, US Department of Commerce, Fort, Northern, Northern District of, Biden, “, Centers Locations: Texas, Asian, Fort Worth, Northern District, Northern District of Texas, SFFA

☆ Here's why women's sweaters are more expensive than men's sweaters
▼ + stars: | 2024-01-17 | by ( Jennifer Ortakales Dawkins | Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

Women's sweaters can be more expensive than men's sweaters. Brands often add synthetic fibers to women's sweaters to make them less expensive. For example, while browsing Nordstrom's site she noticed a women's sweater and a men's sweater from the same brand priced at $170. Business Insider spoke to experts to understand why women's sweaters can be more expensive than men's sweaters. For example, men's wool sweaters had an average tariff rate of 13.6%, while women's wool sweaters had an average tariff rate of 14.9%.

Persons: —, Emily Bello, Bello, doesn't, Sheng Lu, Lu, Jennifer Ortakales Dawkins, it's, Fran Kozen, Kozen, Crew Organizations: Brands, Service, Chicago, Business, University of Delaware, US Department of Commerce, US International Trade Commission, Abercrombie, Companies, Cornell University Locations: Mexico, Canada

☆ How Sam Altman's OpenAI drama highlighted the debate splitting Silicon Valley: Are you an e/acc or decel?
▼ + stars: | 2023-12-07 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Read previewSam Altman's brief ousting as OpenAI CEO didn't just thrust the company further into the global spotlight amid reported personality clashes. It's also highlighted a bigger ethical debate in Silicon Valley: how fast companies should move when pushing out AI technology. Broadly speaking, the debate lies in whether you think that moving full-speed ahead on AI technology will save the world or you think the industry needs to slow down. One key Silicon Valley backer of the idea is veteran venture capitalist Marc Andreessen . His advice to Silicon Valley: "I would encourage any watchers of the industry to not get stuck in a divisive set of rhetoric."

Persons: —, Sam Altman's, didn't, It's, Altman, he's, you've, Marc Andreessen, Elon Musk, Peter Thiel, Sam Bankman, Helen Toner, Tasha McCauley, Toner, McCauley, Altman's, EAs —, Sriram Krishnan, Andreessen Horowitz, — Sriram Krishnan, Gaurab Bansal Organizations: Service, Business, acc, EA, Elon, Wall Street Journal, EAs, Labs, US Department of Commerce, Innovation Labs Locations: Silicon Valley, Silicon

☆ Climate: The UAE is hosting the world’s biggest annual summit. It’s also planning a massive fossil fuel expansion
▼ + stars: | 2023-11-22 | by ( Angela Dewan | ) edition.cnn.com time to read: +14 min

The flurry of forest conservation deals with Zimbabwe, Zambia, Kenya, Liberia and Tanzania were announced in the months ahead of the annual United Nations’ COP28 climate summit, being hosted this year in December by the United Arab Emirates. The annual climate summit is where global leaders and negotiators from nearly 200 countries will convene to decide how and when to ramp down fossil fuel use. Its parent company, Global Carbon Investments, has already agreed to transfer $1.5 billion to Zimbabwe in “pre-financing for carbon credits.” That’s more than the country spends on education and childcare, which combined are Zimbabwe’s biggest national expense. Minimum Emissions” slogan is a viable climate solution, even as global temperatures soar and scientists press for rapid fossil fuel cuts. Ironically, COP28 could be the arena that transforms ADNOC into a global oil major.

Persons: CNN —, Sheikh Ahmed Dalmook Al Maktoum, —, Sultan Al Jaber —, Al Jaber, ”, Sultan Al Jaber, Callaghan O'Hare, Reuters Al Jaber, ADNOC, Jamie Henn, It’s, Henn, “, Philip Morris, ” Henn, Renat Heuberger, Zinyange Auntony, Julia Jones, ’ ” Justin Kenrick, ” Patrick Galey, “ ADNOC, COP28, Bethlehem Feleke Organizations: CNN, Carbon, United Nations, United, Blue, US Department of Commerce, Abu Dhabi National Oil Company, US, Reuters, Free Media, Climate Watch, UN, COP28, Global Carbon Investments, Mucheni conservancy, Getty, “, Bangor University, Peoples, Forest Peoples Programme, Shell, BP, Global, Energy Locations: Dubai, United Kingdom, Zimbabwe, Zambia, Kenya, Liberia, Tanzania, United Arab Emirates, UAE, Abu Dhabi, Houston, UN, COP28, Africa, “, Swiss, Mucheni, Binga, AFP, Wales, Azerbaijan, Nairobi

☆ US officials helped Cisco sneak a cybersecurity prototype into Ukraine using a plane carrying humanitarian aid
▼ + stars: | 2023-11-21 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

Cisco created a prototype device that could help keep Ukraine's power grid running this winter. In a covert operation first reported by CNN, the devices were delivered using a US plane carrying humanitarian aid. AdvertisementCisco created cybersecurity prototypes for Ukraine to protect its power grid, but getting them into Ukraine required a bit of subterfuge. US agencies helped sneak the devices into the country, in part by using a US Air Force plane carrying humanitarian aid, according to a new report from CNN. Thanks to the covert operation, the prototypes could help Ukraine keep its power running through another brutal winter of war.

Persons: —, Joe Marshall, Cisco —, isn't, Marshall Organizations: Cisco, CNN, Russian, Service, US Air Force, US Department of Commerce, Pentagon, Department of Energy, Department of Commerce Locations: Ukraine, Rzeszów, Poland, Ukrainian

☆ Lagos positions itself as global financial center after historic appearance at London’s Lord Mayor’s Show
▼ + stars: | 2023-11-13 | by ( Stephanie Busari | Nimi Princewill | ) edition.cnn.com time to read: +4 min

Lagos, Nigeria CNN —Nigeria’s Lagos state marked a historic moment by making Africa’s inaugural appearance at the renowned Lord Mayor’s Show in London – an annual procession, steeped in 800 years of tradition, that celebrates the history and commerce of the city. Among the Lagos contingent were the traditional Eyo masquerades who take part in the famed Yoruba Eyo festival in the state. However, many backers believe that Lagos has the potential to evolve into a global financial hub capable of drawing substantial foreign investments into Nigeria. Aigboje Aig-Imoukhuede, co-chair of the newly inaugurated Lagos International Financial Centre Council (LIFC) told CNN Lagos was now ready to position itself with global players. “A low stable inflation rate automatically signals a stable currency … and that’s the job half done,” he told CNN.

Persons: Mayor’s, Lord Mayor’s Show, Lagos, ”, Babajide Sanwo, ” “ Organizations: Nigeria CNN —, CNN, Lagos State, ” “ Lagos isn’t, Aig, Lagos International Financial Centre Council, CNN Lagos, ”, of, US Department of Commerce, United Arab, Dubai’s Emirates, GSK, Imoukhuede, Nigerian Central Bank Locations: Lagos, Nigeria, London, ” Lagos, ” “ Lagos, West, ” Nigeria, of London, United Arab Emirates, British

The original rules had sought to hamper China’s ability to procure advanced computing chips and manufacture advanced weapons systems. Not all chipsRaimondo, who visited China in August, said the administration was “laser-focused” on slowing the advancement of China’s military. Chips used in phones, video games and electric vehicles were purposefully carved out from the new rules, according to senior administration officials. In recent months, the United States has enlisted its allies in Europe and Asia in restricting sales of advanced chipmaking equipment to China. In July, Beijing hit back by imposing its own curbs on exports of germanium and gallium, two elements essential for making semiconductors.

Persons: Washington CNN —, Biden, Gina Raimondo, Raimondo, Mao Ning, chipmakers, “, ”, ASML Organizations: Washington CNN, US Commerce Department, Washington, Ministry, Biden, United States, Nvidia, Intel, AMD, United Arab, ” Nvidia, Semiconductor Industry Association, US Department of Commerce, Biren Technology, CNN Locations: China, Hong Kong, Washington, Macao, United States, Iran, Russia, Beijing, United, Europe, Asia, Saudi Arabia, United Arab Emirates, Vietnam, Dutch

☆ South Korean firms get indefinite waiver on US chip gear supplies to China
▼ + stars: | 2023-10-09 | by ( ) edition.cnn.com time to read: +2 min

The United States had been expected to extend a waiver granted to the South Korean chipmakers on a requirement for licenses to bring US chip equipment into China. The United States has already notified Samsung and SK Hynix of the decision, indicating that it is in effect, Choi said. Samsung and SK Hynix, the world’s largest and second-largest memory chipmakers, have invested billions of dollars in their chip production facilities in China and welcomed the move. SK Hynix said: “We welcome the US government’s decision to extend a waiver with regard to the export control regulations. The companies together controlled nearly 70% of the global DRAM market and 50% of the NAND flash market as of end-June, data from TrendForce showed.

Persons: ”, Choi, mok, ” Samsung, SK Hynix Organizations: Seoul Reuters, Samsung Electronics, SK Hynix, United, Korean, Samsung, US Department of Commerce, SK Locations: Seoul, China, United States, Xian, Wuxi, Dalian, TrendForce

☆ Western officials arrive in the UAE amid push to deprive Russia of advanced microchips
▼ + stars: | 2023-09-06 | by ( Mostafa Salem | ) edition.cnn.com time to read: +5 min

The UAE has invested large sums in developing an artificial intelligence program and has a ministry dedicated to the technology. UAE ‘abides by UN sanctions’Russia is under a barrage of sanctions from the US and other Western nations following its full-scale invasion of Ukraine last year. Western officials have visited the UAE several times over the past two years to warn the regional business hub that helping Moscow evade sanctions wouldn’t be without consequences. The UAE central bank in March cancelled a license granted to Russia’s MTS Bank after it came under US and British sanctions. We look at BRICS from a geo-economic not a geo-political perspective, with the aim of strengthening our economic competitiveness,” a senior UAE official told CNN.

Persons: ”, AMD, “, Abu Organizations: Abu Dhabi CNN — Senior, United, European Union, CNN, Street, UAE, Nvidia, Reuters, AMD, US Department of Commerce, Financial Times, UAE’s Technology Innovation Institute, UN, US, “, MTS Bank, Moscow, BRICS, UAE hasn’t, New Development Bank Locations: Abu Dhabi, United Arab Emirates, Russia, Ukraine, United States, United Kingdom, Gulf, “, UAE, East, Saudi Arabia, Moscow, Iran, Washington, multipolarity, China, South Africa, BRICS

☆ US Commerce Secretary Gina Raimondo urges American businesses to keep investing in China (Analysis)
▼ + stars: | 2023-08-30 | by ( Michelle Toh | ) edition.cnn.com time to read: +7 min

Hong Kong CNN —US Commerce Secretary Gina Raimondo urged American businesses to keep investing in China on Wednesday, even after saying some US firms had called the world’s second biggest economy “uninvestable.”Speaking at an American Chamber of Commerce event in Shanghai, the secretary encouraged companies to continue expanding in the country. “The message is to continue to do what you’re doing,” Raimondo told executives. Eric Zheng, president of AmCham Shanghai, told CNN after Raimondo’s appearance that he had not been hearing the term “uninvestable” from businesses on the ground. “In order to be globally competitive, they have to be in this market despite all the challenges.”Warm wordsRaimondo is the first US commerce secretary to visit China in five years. Andy Wong/APThe issue highlights the tightrope the commerce secretary is walking.

Persons: Gina Raimondo, ” Raimondo, Raimondo, Aly Song, ”, Wang Wenbin, Li Qiang, Antony Blinken, Janet Yellen, John Kerry, Eric Zheng, Andy Wong, Wang Wentao, Lifeng, Yellen, Foreign busineses, Chen Jining, Nazak Nikakhtar, Trump, Zheng, “, —, Jadyn Sham, Alex Stambaugh Organizations: Hong Kong CNN — US, American, of, Reuters, Shanghai, Biden, CNN, Covid, US Commerce Department, US Department of Commerce, Foreign, Department, Department of Commerce Locations: Hong Kong, China, Shanghai, Beijing, United States, decouple, “

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☆ Nvidia says US curbs on AI chip sales to China would cause ‘permanent loss of opportunities’
▼ + stars: | 2023-06-29 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Nvidia warned Wednesday that if the United States imposes new restrictions on the export of AI chips to China, it would result in a “permanent loss of opportunities” for US industry. The rules, as reported, could make it harder for companies like Nvidia (NVDA) to sell advanced chips to China. Fueled by a boom in demand for its AI chips, the company briefly hit a market capitalization of $1 trillion in late May. We do not anticipate any immediate material impact on our financial results,” Kress added. Chinese AI stocks suffered much heavier losses.

Persons: Colette Kress, “, ” Kress, ”, Biden, ” Jefferies Organizations: Hong Kong CNN, Nvidia, Wall Street, Financial Times, US Department of Commerce, CNN, Bloomberg, Chengdu Information Technology, Chinese Academy of Sciences, Baidu, Biden, Micron Technology Locations: Hong Kong, United, China, Washington, Shenzhen, Chengdu, ChatGPT, Beijing

☆ Inside China's spy war on American corporations
▼ + stars: | 2023-06-21 | by ( Eamon Javers | ) www.cnbc.com time to read: +6 min

Top intelligence and law enforcement officials in Washington are issuing a stark warning to American companies: The Chinese government wants to replace you. Asked whether the Chinese government wants to compete with or eliminate American companies, FBI Director Christopher Wray told CNBC: "Well, their definition of competing, I think, involves embracing the idea of eliminating." The paid-in foreign investment reached 127.69 billion yuan, up 14.5% year on year. Foreign companies including US investors have been upbeat about the China market and plan to expand in China. Former GE engineer David Zheng and GE Aerospace also declined to comment.

Persons: Christopher Wray, Sen, Marco Rubio, Rubio, Mark Warner, …, Warner, Xu Yanjun, Xu, James Olson, Xu Yanjun's, David Zheng, – CNBC's Katherine Liu, Bria Cousins, Laura Measher, Wally Griffith Organizations: CNBC, American, Democrat, World Trade, Ministry of State Security, GE, Boeing, Honeywell, GE Aviation, FBI, CIA, American Chamber of Commerce, Business Environment, US Department of Commerce, GE Aerospace Locations: Washington, America, U.S, China, Nanjing, Cincinnati, South China, reinvest

☆ Goldman Sachs: Buy these 51 beaten-down stocks that will outperform if the US avoids a recession
▼ + stars: | 2023-05-27 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Goldman Sachs is still projecting solid economic growth in 2023 and 2024. The US economy seems to be running on fumes after last quarter's anemic GDP report, but Goldman Sachs still believes that there won't be a recession in the next year. David Kostin, the chief US equity strategist at Goldman Sachs, noted in a recent report that inflation is steadily slowing. Regardless, Goldman Sachs is betting that there won't be a big spike in jobless claims this year. If the US economy continues to expand, the S&P 500 should stay afloat, in Goldman Sachs' view.

Atlanta/Hong Kong CNN —The United States on Thursday added two subsidiaries of Chinese genetics company BGI to a trade blacklist over allegations it conducted genetic analysis and surveillance activities for Beijing, which Washington says was used to repress ethnic minorities in China. CNN has reached out to BGI Group, which is one of the world’s largest genomics companies and a listed firm based in Shenzhen, for comment on its subsidiaries. China has regularly pushed back against these reports with firm denials. The latest list compiled by the US Department of Commerce includes a total of 28 Chinese entities, four from Pakistan, three from Myanmar and one each from Belarus, Russia and Taiwan. Being placed on the list means the entities are restricted from buying American technology and other goods.

☆ Natural vs. artificial Christmas tree: Which option is better for climate?
▼ + stars: | 2022-11-25 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +8 min

Christopher Dilts/Bloomber/Getty ImagesIt’s easy to imagine that reusing an artificial tree year after year is the more sustainable option. The American Christmas Tree Association, a nonprofit that represents artificial tree manufacturers, commissioned WAP Sustainability Consulting for a study in 2018 that found the environmental impact of an artificial tree is better than a real tree if you use the fake tree for at least five years. “Planting, fertilizing and watering were taken into account for real trees, which have an approximate field cultivation period of seven to eight years.”What are the benefits of real trees? Nathan Howard/Getty ImagesOn average, it takes seven years to fully grow a Christmas tree, according to the National Christmas Tree Association. About 15,000 farms grow Christmas trees in the US alone, employing over 100,000 people either full or part-time in the industry, according to the National Christmas Tree Association.

☆ Republican Catalina Lauf seeks to oust incumbent Rep. Bill Foster in Illinois' 11th Congressional District election
▼ + stars: | 2022-11-05 | by ( Hanna Kang | ) www.businessinsider.com time to read: +4 min

Republican Catalina Lauf looks to unseat Democratic Rep. Bill Foster in Illinois' 11th Congressional District. IL-17IL-06IL-13 HouseRepublican Catalina Lauf looks to unseat longtime Democratic Rep. Bill Foster in Illinois' 11th Congressional District. Illinois' 11th Congressional District candidatesLauf, who sits on the large bench of Republican Latino candidates the GOP built this year, is a Woodstock, Illinois, native and daughter of Latin American immigrants. "I think for many women of all ages it may be the number one issue," Foster told a local station. Voting history for Illinois' 11th Congressional DistrictIllinois' 11th Congressional District, which under its previous boundaries covered the west and southwest suburbs, now stretches into the northwest territory of McHenry, Boone, DeKalb, and Kane counties.

☆ California cities dominate the list of those in the US with the lowest gender pay gap. These are the 10 cities where women earn the most in comparison with men.
▼ + stars: | 2022-05-31 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

The area around Los Angeles has the smallest gender pay gap, according to a report by GoodHire. Across the US' 100 biggest cities, women earn $44,220 a year, or 19% less than men, per the study. In comparison, women living in Provo-Orem, Utah, earn just under two-thirds of the amount men earn. Here are the 10 areas with the smallest gender pay gap, per GoodHire's study:Los Angeles-Long Beach-Anaheim, California – women earn 9% less than men Durham-Chapel Hill, North Carolina – women earn 10% less than men Fresno, California – women earn 11% less than men Cape Coral-Fort Myers, Florida – women earn 11% less than men Miami-Fort Lauderdale-Pompano Beach, Florida – women earn 12% less than men Las Vegas-Henderson-Paradise, Nevada – women earn 12% less than men Winston-Salem, North Carolina – women earn 14% less than men Springfield, Massachusetts – women earn 14% less than men San Diego-Chula Vista-Carlsbad, California– women earn 14% less than men Albuquerque, New Mexico – women earn 14% less than menGoodHire also ranked the cities with the biggest gender pay gap:Provo-Orem, Utah – women earn 38% less than men Baton Rouge, Louisiana – women earn 32% less than men Ogden-Clearfield, Utah – women earn 31% less than men San Jose-Sunnyvale-Santa Clara, California – women earn 28% less than men Detroit-Warren-Dearborn, Michigan – women earn 25% less than men Augusta-Richmond County, Georgia/South Carolina – women earn 25% less than men Tulsa, Oklahoma – women earn 25% less than men Salt Lake City, Utah – women earn 25% less than men Pittsburgh, Pennsylvania – women earn 25% less than men Oklahoma City, Oklahoma – women earn 25% less than menAcross the US, the gender pay gap shrank slightly in 2020. On average, across the 100 most populous cities, women earn $44,220 a year, which is 19% less than men, per GoodHire's study.

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