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☆ Oil prices drop as reports say Israel and Hamas could soon head for cease-fire talks
▼ + stars: | 2024-04-29 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +2 min

Oil prices fell as reports on Monday indicated that Israel and Hamas could engage in cease-fire talks this week. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOil prices dropped Monday with energy markets eyeing fading geopolitical risks as Israel and Hamas reportedly move toward cease-fire talks. Cease-fire discussions could begin as soon as Tuesday if both parties agree to meet Cairo, the report said. Analysts say they see as much as a 20% surge for stocks in the sector as conflict and supply disruptions keep prices elevated.

Persons: Antony Blinken, —, Brent, Israel, David Rosenberg Organizations: Service, Hamas, West Texas Intermediate, The New York Times, United, Reuters, Bank Locations: Israel, Cairo, United States, Saudi Arabia, Rafah, Russia, Ukraine, OPEC

☆ I was a first-time homebuyer and got scammed out of $167,000 of my life savings
▼ + stars: | 2024-03-23 | by ( Jordan Hart | ) www.businessinsider.com time to read: +7 min

Pat and Marisa Lawlor were the victims of real estate wire fraud in 2022. The realizationThe real email came exactly one week after the scammers made off with Lawlor's money, he said. The methodIt turns out that the scammers hacked into the escrow office's email server through a process called business email compromise. With real estate wire fraud, they target mom-and-pop independent brokers, escrow, or title companies like the one we used. We've started a GoFundMe fundraiser to get that money back and raise awareness about real estate wire fraud.

Persons: Pat, Marisa Lawlor, They've, —, Pat Lawlor, Marisa, We'd, San Fernando Valley, Lawlor, That's, it's, It's, we've, We've Organizations: Service, California Association of Realtors, Riverside, States Secret Services Locations: Los Angeles, San Fernando, Riverside County

☆ Ivanka Trump's style has done a full 360° since ditching her father's campaign and distancing herself from politics — just check her Instagram
▼ + stars: | 2024-03-10 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +7 min

Read previewIvanka Trump's days as a prominent White House advisor are behind her, and she's got a new image in the works. Donald Trump and Ivanka Trump on March 20, 2020 in Washington, DC. AdvertisementJared Kushner and Ivanka Trump walk on the south lawn of the White House on November 29, 2020. In the White House, Ivanka's style was professional and predictableAs an advisor, Ivanka's style while working at the White House can be summed up in a few words: professional, feminine, and safe. AdvertisementDon Jr., Donald Trump, and Ivanka Trump on "The Celebrity Apprentice" in 2009.

Persons: —, she's, It's, Donald Trump, Ivanka Trump, Alex Wong Namely, Ivanka, Jared Kushner, Tasos Katopodis, Trump, minidresses, Don Jr, Bill Tompkins, Escada, Marcus, Steven Mnuchin, Oscar, la, Neiman Marcus, Donald, Mitra Ahouraian, I'm, Alessandra Rich, Emilio Pucci, Pucci, Kim Kardashian, Monique Lhuillier, Ahouraian, Kardashian, Kushner, Ambani, Manish Malhotra Organizations: Service, White, Business, New York, Trump Org, White House, Getty, Neiman, Footwear News, United, Treasury, Mail, Gucci, Miami Grand Prix, Footwear, Fontainebleau Locations: Washington , DC, New, New York City, Florida, New York, United States, Fontainebleau Las Vegas, India

CNN —A man set himself on fire outside the Israeli Embassy in Washington, DC, on Sunday, according to a statement from the Washington Metropolitan Police Department. The adult male was transported by DC Fire and EMS to a local hospital and remains in critical condition, MPD said. By the time firefighters were dispatched to the scene, the fire had already been extinguished by US Secret Service, according to Vito Maggiolo, a public information officer from DC Fire. MPD is working with the Secret Service and the Bureau of Alcohol, Tobacco, Firearms and Explosives to investigate the incident. CNN’s Rafael Romo, Jaide Timm-Garcia and Shawn Nottingham contributed to this report.

Persons: Vito Maggiolo, ”, CNN’s Rafael Romo, Jaide Timm, Garcia, Shawn Nottingham Organizations: CNN, Embassy, Washington Metropolitan Police Department, Metropolitan Police Department, United States Secret Service, DC Fire, US, DC, US Secret, Secret Service, Alcohol, Tobacco, Firearms, Explosives, Consulate Locations: Washington ,, Atlanta

South Africa has accused Israel of genocide and asked the world court in The Hague, Netherlands, to impose interim measures as the case proceeds. Israel has denied committing genocide and asked the court to throw out the case, which the panel of 17 judges refused to do. — How genocide officially became a crime, and why South Africa is accusing Israel of committing it. South Africa requested interim steps since the proceedings could take several years. The world court is delivering its preliminary decisions in a genocide case that South Africa brought against Israel.

Persons: Israel, NETANYAHU, ISRAEL, JERUSALEM, Benjamin Netanyahu, Netanyahu, ”, “, Judge Joan E, Donoghue, Aharon Barak, Joan E, ” Donoghue, Osama Hamdan, Hamdan, Al, Khan Younis, Gaza’s, Khan, Ashraf al, Qidra, “ Israel, Naledi Pandor, Antony Blinken, Matthew Miller, Blinken, ” Miller Organizations: Gaza, International Court of Justice, Health Ministry, Hamas, UN, Court of, HAGUE, Israel, International Court, Justice, INTERNATIONAL, Court of Justice, ISRAEL THE, United Nations ’, FIRE, West Bank, Palestinian, Palestinian Foreign Ministry, DEIR, Associated Press, ’ Hospital, Brigades, MINISTRY, SOUTH, Hague, United, State Department . State Department Locations: Israel, Palestinian, Gaza, South Africa, The Hague, Netherlands, Egypt, Georgia, U.S, Red, israel, Israeli, HAGUE, Africa, GAZA, ISRAEL THE HAGUE, HAMAS, FIRE RAMALLAH, West, Al Aqsa, Deir, Khan, ISRAEL, RAFAH, SOUTH AFRICA, South

☆ 10 industry leaders transforming business in 2023
▼ + stars: | 2023-12-11 | by ( ) www.businessinsider.com time to read: +20 min

In 2023, Business Insider's annual list of People Transforming Business highlights key players across the advertising, ESG, finance, AI, and labor sectors. Increasingly, they're turning to more opaque private credit markets to borrow money. The world of private credit sits outside the traditional banking system. Analysts expect the private credit market to balloon in size — likely keeping lawyers like Breen very busy. Muthukrishnan is trying to make sense of how risky these private credit loans are by overseeing what is so far the most comprehensive look at vulnerabilities in the industry.

Persons: Mira Murati, who's, Vince Toye, Eileen Fisher, Eileen Fisher Fisher, Guerin Blask, Eileen Fisher Eileen Fisher, she's, Fisher, Janelle Jones, Jones, Lexey, —, She's, Justin Breen, Proskauer Breen, Proskauer Justin Breen, he's, Breen, Ares Capital, He's, McLaren, Julie Su, Labor Julie Su, Department of Labor Julie Su, Su, Marty Walsh, Murati, Jim Wilson, Neal Mohan, YouTube Mohan, Katie Thompson, YouTube It's, YouTube isn't, Mohan, Muthukrishnan, Satya Nadella, Microsoft Satya Nadella, Ben Kriemann, Nadella, Steve Ballmer, Mathias Döpfner, Axel Springer, Tim Cook, Apple Cook, Justin Sullivan, Cook, Steve Jobs, Jobs, JPMorgan Chase Toye, JPMorgan Chase, Toye, they'll, Vince Toye's, Bella Sayegh, Rebecca Ungarino, Lara O'Reilly, Juliana Kaplan, Alex Nicoll, Tim Paradis, Stephanie Hallett, Michelle Abrego, Josée Rose, Ryan Joe, Emily Canal, Kaja Whitehouse, Alyssa Powell, Davis, Jonann Brady Organizations: JPMorgan, Service Employees International, SEIU, New York, Ford, Service Employees International Union, United Auto Workers Union, Spelman College, US Department of Labor, Economic Policy Institute, Center for Economic, Research, Department of Labor, The New York Times, Ares, Churchill Asset Management, European, Atlético Madrid, Labor, Labor Department, MacArthur Foundation, New York Times, Dartmouth, OpenAI, Associated Press, YouTube, NFL, DirecTV, Federal, Microsoft, Manipal Institute of Technology, University of Wisconsin -, University of Chicago, Apple, Apple Watch, Google, Time, JPMorgan Chase, National Housing Trust, Trenton Almgren Locations: McDonald's, Lorain , Ohio, Atlanta, California, Los Angeles, Albania, Canada, Muthukrishnan, Hyderabad, India, University of Wisconsin - Milwaukee, OpenAI, Virginia, Wells Fargo, Trenton

☆ COP28: Former U.S. energy secretary says he welcomes the participation of oil and gas companies
▼ + stars: | 2023-12-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCOP28: Former U.S. energy secretary says he welcomes the participation of oil and gas companiesErnest Moniz, former United States secretary of energy, says he's always believed that the fastest way to address the climate crisis is "building the biggest coalitions," which should include the "incumbent energy companies, and specifically the oil and gas companies."

Persons: Ernest Moniz, he's Locations: Former U.S, States

☆ Yellen: Indo-Pacific allies should not have to choose between US, China
▼ + stars: | 2023-11-02 | by ( David Lawder | ) www.reuters.com time to read: +5 min

Janet Yellen, United States Secretary of Treasury, participates in global infrastructure and investment forum in New York, Thursday, Sept. 21, 2023. Yellen said the U.S. instead was pursuing the "de-risking and diversifying" of its economic ties to China, by investing in manufacturing at home and by strengthening linkages with allies and partners around the world, including Indo-Pacific countries. TRADE, INVESTMENT LINKSYellen said the Biden administration was committed to expanding trade and investment with Indo-Pacific countries, emphasizing the region's strategic importance ahead of the APEC gathering. The Indo-Pacific is a dynamic and rapidly growing region. "And achieving resilience through partnering with Indo-Pacific countries means gains for Indo-Pacific economies as well," Yellen said.

Persons: Janet Yellen, Seth Wenig, Yellen, White, Joe Biden, Xi Jinping, Biden, Donald Trump, David Lawder, Diane Craft Organizations: Treasury, Rights, . Treasury, Asia Pacific Economic Cooperation, Asia Society, APEC, Prosperity, Thomson Locations: United States, New York, U.S, China, San Francisco, IPEF, Vietnam

☆ US lawmakers urge Yellen to speed up China outbound investment rules
▼ + stars: | 2023-10-31 | by ( Michael Martina | ) www.reuters.com time to read: +2 min

Janet Yellen, United States Secretary of Treasury, participates in global infrastructure and investment forum in New York, Thursday, Sept. 21, 2023. Seth Wenig/Pool via REUTERS/File Photo Acquire Licensing RightsWASHINGTON, Oct 31 (Reuters) - The Republican and Democratic leaders of a U.S. congressional committee on China urged Treasury Secretary Janet Yellen to urgently implement outbound investment restrictions on the country, warning that Beijing was using American capital to develop technologies as her department debated new rules. China has condemned the move, but some U.S. lawmakers have argued it has too many loopholes. Yellen should adopt a broad definition of technology in her guidelines on the investment restrictions, the lawmakers said in the letter, dated Oct. 30, arguing China had blurred the lines between commercial and military technology. Some U.S. officials have said the outbound investment rules should not be overly broad to avoid harming the U.S. economy.

Persons: Janet Yellen, Seth Wenig, Joe Biden, deliberates, Mike Gallagher, Raja Krishnamoorthi –, Gallagher, Krishnamoorthi, Michael Martina, Sandra Maler Organizations: Treasury, Rights, Republican, Democratic, Chinese Communist Party, CCP, U.S, Biden, Thomson Locations: United States, New York, China, Beijing, U.S

The Biden administration has advised Israel to delay a ground invasion of Gaza, hoping to buy time for hostage negotiations and to allow more humanitarian aid to reach Palestinians in the sealed-off enclave, according to several U.S. officials. American officials also want more time to prepare for attacks on U.S. interests in the region from Iran-backed groups, which officials said are likely to intensify once Israel moves its forces fully into Gaza. Mr. Biden also spoke to the leaders of Canada, France, Germany, Italy and Britain. When Mr. Biden met with the Israeli war cabinet during his trip to Tel Aviv last week, he avoided making requests of Mr. Netanyahu, officials said. Instead, the president offered a series of questions that should be answered before a ground invasion starts.

Persons: Biden, Benjamin Netanyahu, Lloyd J, Austin III, Austin, Yoav Gallant, Gallant, ”, Antony J, Blinken, “, Mr, Netanyahu Organizations: Sunday, U.S, Defense, Pentagon, Embassy, Hamas, CBS, Biden, Press, State Department, Consulate Locations: Israel, Gaza, Iran, Canada, France, Germany, Italy, Britain, U.S, Washington, Qatar, United States, Baghdad, Erbil, Iraq, ”, Tel Aviv

☆ U.S. wraps up fiscal year with a budget deficit near $1.7 trillion, up 23%
▼ + stars: | 2023-10-20 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Janet Yellen, United States Secretary of Treasury, participates in global infrastructure and investment forum in New York, Thursday, Sept. 21, 2023. The federal government wound up its fiscal year in September with a deficit just shy of $1.7 trillion, the Treasury Department announced Friday. The huge deficit came as revenue fell by $457 billion from a year ago and expenses decreased by just $137 billion. The budget shortfall adds to the staggering U.S. debt total, which stood at $33.6 trillion earlier this week. Of the government outlays last year, some $659 billion went for net interest on the accumulated debt, up from $475 billion in fiscal 2022.

Persons: Janet Yellen, Joe Biden's, Yellen, Biden Organizations: Treasury, Treasury Department, Federal Reserve Locations: United States, New York, U.S, Ukraine, Israel, Gaza

Janet Yellen, United States Secretary of Treasury, participates in global infrastructure and investment forum in New York, Thursday, Sept. 21, 2023. Seth Wenig/Pool via REUTERS/File Photo Acquire Licensing RightsMARRAKECH, Morocco, Oct 13 (Reuters) - U.S. Treasury Secretary Janet Yellen told Reuters on Friday that she still believes U.S. shelter inflation will continue to ease despite new consumer price data on Thursday showing a jump in housing costs, but the process may take some time. "We do definitely believe that's coming down over time," Yellen said in an interview on the sidelines of the International Monetary Fund and World Bank meetings in Morocco. Yellen has long said that housing costs, will ease over time, helping to bring down core inflation, and said Thursday's CPI report has not deterred her from that view. "I think we have very good reason to believe, with lags, that will come down, and I don't think there's anything in the report that would cause us to think that's a mistake in judgment," Yellen said.

Persons: Janet Yellen, Seth Wenig, Yellen, David Lawder, Andrea Ricci, Marguerita Choy Organizations: Treasury, Rights, . Treasury, Reuters, International Monetary Fund, World Bank, Federal Reserve, CPI, Thomson Locations: United States, New York, Rights MARRAKECH, Morocco

Janet Yellen, United States Secretary of Treasury, participates in global infrastructure and investment forum in New York, Thursday, Sept. 21, 2023. Seth Wenig/Pool via REUTERS/File Photo Acquire Licensing RightsMARRAKECH, Morocco, Oct 13 (Reuters) - U.S. Treasury Secretary Janet Yellen told Reuters on Friday that she still believes U.S. shelter inflation will continue to ease despite new consumer price data on Thursday showing a jump in housing costs, but the process may take some time. "We do definitely believe that's coming down over time," Yellen said in an interview on the sidelines of the International Monetary Fund and World Bank meetings in Morocco. Yellen has long said that housing costs, will ease over time, helping to bring down core inflation, and said Thursday's CPI report has not deterred her from that view. "I think we have very good reason to believe, with lags, that will come down, and I don't think there's anything in the report that would cause us to think that's a mistake in judgment," Yellen said.

Janet Yellen, United States Secretary of Treasury, participates in global infrastructure and investment forum in New York, Thursday, Sept. 21, 2023. Seth Wenig/Pool via REUTERS/File Photo Acquire Licensing RightsWASHINGTON, Oct 3 (Reuters) - U.S. Treasury Secretary Janet Yellen said on Tuesday she was very optimistic about the outlook for the U.S. economy, adding that inflation was coming down in the short term and the labor market was "extremely strong." Short term: inflation is coming down in the context of an extremely strong labor market," Yellen said at a Fortune CEO event on Tuesday. The treasury secretary added she was pleased that Congress passed a deal over the weekend that averted a government shutdown. Yellen also said the United States had an over-dependence on China in some key areas.

Persons: Janet Yellen, Seth Wenig, Yellen, Joe Biden, David Lawder, Kanishka Singh, Jonathan Oatis, Gareth Jones, Cynthia Osterman Organizations: Treasury, Rights, . Treasury, Federal, Thomson Locations: United States, New York, U.S, China, Washington

☆ US government shutdown would 'undermine' US economic progress, Yellen says
▼ + stars: | 2023-09-29 | by ( David Lawder | ) www.reuters.com time to read: +3 min

[1/2] Janet Yellen, United States Secretary of Treasury, participates in global infrastructure and investment forum in New York, Thursday, Sept. 21, 2023. Seth Wenig/Pool via REUTERS/ File Photo Acquire Licensing RightsWASHINGTON, Sept 29 (Reuters) - A government shutdown that could start this weekend would "undermine" U.S. economic progress by idling key programs for small businesses and children, and could delay major infrastructure improvements, U.S. Treasury Secretary Janet Yellen said on Friday. A shutdown of broad parts of the government would start on Sunday as the new fiscal year starts without new spending legislation from Congress. Chances of a shutdown increased on Thursday as the House pursued partisan spending cuts and the Senate advanced separate legislation to temporarily extend spending. "The failure of House Republicans to act responsibly would hurt American families and cause economic headwinds that could undermine the progress we’re making," Yellen said.

Persons: Janet Yellen, Seth Wenig, Yellen, Lael Brainard, Brainard, " Brainard, We've, David Lawder, Ann Saphir, Philippa Fletcher, Jonathan Oatis Organizations: Treasury, Rights, Port, Republicans, Senate, CNBC, . Commerce, Thomson Locations: United States, New York, U.S, Savannah, Georgia

The meeting was scheduled for hours after Zelenskiy addressed the United Nations Security Council about Russia's invasion and its consequences. Ukraine has tried to lock in financial support from business leaders to help rebuild the country. A spokesperson for Zelenskiy and Ukraine's mission to the United Nations in New York did not immediately respond to a request for comment. Since the start of the war, Ackman's foundation has donated roughly $24 million to support Ukraine, a person familiar with the numbers said. Before the meeting in New York, the White House appealed to Congress to approve billions of additional dollars of support for Ukraine.

Persons: Ken Griffin, Mike Blake, Volodymyr Zelenskiy, Zelenskiy, JPMorgan Chase, Bill Ackman, Jonathan Gray, Robert Kraft, Henry Kissinger, Eric Schmidt, Mike Bloomberg, Barry Sternlicht, Mary Callahan Erdoes, Vince LaPadula, Whitney Tilson, Griffin, Howard Buffett, Warren, Svea Herbst, Bayliss, Lananh Nguyen, Andrea Shalal, Michelle Nichols, Megan Davies, Grant McCool Organizations: Citadel, Milken, Global Conference, REUTERS, United Nations Security Council, JPMorgan, Blackstone Group, New England Patriots football team, United, State, Google, United Nations, Griffin's Citadel, Ackman's Pershing, Capital Management, Ukraine, Fox News, Svea, Thomson Locations: Beverly Hills , California, U.S, New York, Ukraine, United States

☆ Hunter Biden arraignment set for September 26 in Delaware; judge says he must appear in person
▼ + stars: | 2023-09-20 | by ( Kara Scannell | ) edition.cnn.com time to read: +3 min

CNN —A federal magistrate judge has denied Hunter Biden’s request to appear virtually for his first court hearing in the federal gun case against him and set his arraignment for September 26. The initial court appearance and arraignment for President Joe Biden’s son will be held at 10 a.m. ET on Tuesday before Magistrate Judge Christopher J. Burke. The deal fell apart under scrutiny from another federal judge, who had taken several recesses to allow the attorneys to regroup and see if they could resolve disagreements. Given the seriousness of the felony gun charges, prosecutors say the magistrate judge should assess Biden in person before deciding his conditions of release.

Persons: Hunter Biden’s, Joe Biden’s, Christopher J, Burke, “, …, David Weiss, Hunter Biden, ” Weiss ’, Prosecutors, Donald Trump’s, Hunter, Biden Organizations: CNN, Government, US, Service, United States Secret Service, United States Marshals Service Locations: Delaware

☆ Biden nominates former Treasury Secretary Lew as ambassador to Israel -statement
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +1 min

United States Secretary of the Treasury Jack Lew speaks at the Centre for American Progress in Washington, U.S., October 13, 2016. REUTERS/Gary Cameron/File photo Acquire Licensing RightsWASHINGTON, Sept 5 (Reuters) - U.S. President Joe Biden on Tuesday announced former Treasury Secretary Jack Lew as his nominee for ambassador to Israel, the White House said in a statement. In addition to Treasury secretary, Lew served under former President Barack Obama as White House chief of staff and deputy secretary of state for management and resources. Lew was director of the Office of Management and Budget, a position in President Bill Clinton's Cabinet, from 1998 to 2001. In both the Democratic Clinton and Obama administrations, Lew served on the National Security Council.

Persons: Jack Lew, Gary Cameron, Joe Biden, Lew, Benjamin Netanyahu, Biden, Tom Nides, Barack Obama, Bill Clinton's, Democratic Clinton, Obama, Clinton, Paul Grant, Doina Organizations: Centre for American Progress, REUTERS, Rights, Tuesday, U.S . Senate, White, Management, Democratic, National Security Council, Thomson Locations: Washington , U.S, Israel

However, according to Andrew Slimmon, senior portfolio manager at Morgan Stanley Investment Management, these are all reasons to be a "little cautious" following the busiest week for earnings. All reasons to get a little cautious on the market," Slimmon told CNBC's Squawk Box Asia Thursday. Microsoft and Alphabet kicked off earnings season last week for the mega-caps, while Apple and Amazon are set to report this week. "I am not negative on the mega-cap tech stocks," Slimmon said, acknowledging Microsoft's strong results . Slimmon pointed out that the broadening of investors' interests is also likely at play, adding further selling pressure to Big Tech stocks.

Persons: Andrew Slimmon, Slimmon, CNBC's, MSFT, there's, Slimmon's isn't, Janet Yellen, Morgan Stanley, steelmaker Organizations: Nasdaq, U.S . Federal, Morgan Stanley Investment Management, Microsoft, Apple, Big Tech, Dow Jones, United, Treasury, Corp, JPMorgan, Ameriprise Locations: China, U.S

☆ More than $200 billion in Covid loans potentially stolen by fraudsters, watchdog says
▼ + stars: | 2023-06-27 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

Fraudsters potentially stole more than $200 billion in federal loans intended to help small businesses struggling during the Covid pandemic, a government watchdog said on Tuesday. More than $136 billion from Economic Injury Disaster Loan program and $64 billion from the Paycheck Protection Program loans was potentially stolen, the inspector general found. In total, SBA disbursed $400 billion in EIDL funds and $800 billion in Paycheck Protection Program loans during the life of the programs. These investigations have led to nearly $30 billion in stolen loans being seized or returned by federal law enforcement agencies. The Economic Injury Disaster Loan program provided low-interest, fixed-rate loans to help small businesses nd other organizations to help cover their operating expenses.

Persons: Kevin Chambers, Hannibal, Mike, Ware, Michael Horowitz, Roy D, Dotson Jr, Bailey DeVries, DeVries, Trump, nonpayment Organizations: Department of Justice, Small Business Administration, United States Secret, Small, Administration, Injury, SBA Locations: Rayburn, Washington ,

Speaking at the Shangri-La Dialogue, Asia's top security summit, Austin said that open lines of communication between U.S. and Chinese defence and military leaders were essential to avoid conflict and bolster stability in the Asia-Pacific. "The more that we talk, the more that we can avoid the misunderstandings and miscalculations that could lead to crisis or conflict." China's Minister of National Defence Li Shangfu had this week declined an invitation to meet Austin at the security summit. On Friday, the two shook hands on the sidelines of the conference but did not hold detailed talks, the Pentagon said. "(AUKUS) promotes greater stability and security," Austin said.

Persons: Defense Lloyd Austin, Caroline Chia, Austin, Austin Austin, National Defence Li Shangfu, Antony Blinken, Liu Pengyu, General, Lei, Zhao Xiaozhuo, Zhao, Xi Jinping, Joe Biden, Xinghui Kok, Joe Brock, Chen Lin, Gerry Doyle, Kanupriya Kapoor, Greg Torode, Ryan Woo, Idrees Ali, Phil Stewart, Yew, Raju Gopalakrishnan Organizations: Defense, REUTERS, United, People's, National Defence, Austin, Pentagon, Academy of Military Sciences, Global Times, U.S, China's Academy of Military Sciences, Australia, Thomson Locations: Singapore, China, Taiwan, Asia, Pacific SINGAPORE, United States, South China, People's Republic of China, U.S, Washington, TAIWAN, Beijing, Ukraine, Pacific, Australia, Japan, India, Philippines

☆ Delay in security treaty with Australia as PNG consults 'domestic processes'
▼ + stars: | 2023-05-30 | by ( Kirsty Needham | ) www.reuters.com time to read: +2 min

Lillian Suwanrumpha/Pool via REUTERS/File PhotoSYDNEY, May 30 (Reuters) - Papua New Guinea said a proposed security treaty with neighbour Australia would be delayed as it consults "domestic processes", a week after signing a defence agreement with the United States that sparked student protests. Papua New Guinea (PNG), a few kilometres (miles) to Australia's north, is being courted by China and the United States amid rising tensions between the two major powers. PNG Prime Minister James Marape met with Australia's Defence Minister Richard Marles on Monday on the sidelines of the Korea-Pacific Islands Summit in Seoul and discussed the "proposed bilateral security treaty", Marape's office said in a statement on Tuesday. Marape had "conveyed his apologies to Prime Minister Anthony Albanese for the delay in formalising this proposed Treaty with Australia", it added. Marles has said Australia wants to strike an "ambitious" security treaty that will see navy, airforce and army personnel from each nation working alongside each other more often.

☆ South Korea hosts its first summit with Pacific island leaders
▼ + stars: | 2023-05-29 | by ( ) www.reuters.com time to read: +2 min

SEOUL, May 29 (Reuters) - South Korean President Yoon Suk Yeol begins the country's first summit with leaders of Pacific islands on Monday, as Seoul seeks to increase its influence in a region that has become the focus of intense geopolitical rivalry. The South Korean president held bilateral talks with some of the visiting Pacific leaders over the weekend including Kiribati President Taneti Maamau and Papua New Guinean Prime Minister James Marape. Australian Defence Minister Richard Marles will also attend the Korea-Pacific Islands Summit, his office said on Saturday, adding it would show cooperation between the 18 members of the Pacific Island Forum and South Korea for a secure region. Indian Prime Minister Narendra Modi pledged more trade and development assistance in a summit with a dozen Pacific island leaders in Papua New Guinea (PNG) last week. The United States Secretary of State Antony Blinken also signed a defence agreement with PNG after a Pacific summit.

☆ Pacific islands, in spotlight, to push climate change in South Korea summit
▼ + stars: | 2023-05-27 | by ( Kirsty Needham | ) www.reuters.com time to read: +3 min

read moreAustralia's Defence Minister Richard Marles will attend the first Korea-Pacific Islands Summit, his office said on Saturday, adding it would show cooperation between the 18 members of the Pacific Island Forum and South Korea for a secure region. The United States Secretary of State Antony Blinken signed a defence agreement with PNG after a Pacific summit there on the same day. The back-to-back meetings with major economies were a "massive boost for recognition of our priorities", said Pacific Islands Forum Secretary General Henry Puna in a statement. The island states, which are seeking greater funding for climate change mitigation, have taken a collective approach to dealing with major powers. In Seoul, climate change, investment and fisheries are expected to feature in talks.

☆ Modi, Blinken to meet Pacific Island leaders in Papua New Guinea
▼ + stars: | 2023-05-21 | by ( Kirsty Needham | ) www.reuters.com time to read: +2 min

May 22 (Reuters) - India's Prime Minister Narendra Modi and United States Secretary of State Antony Blinken have arrived in Papua New Guinea ahead of meetings with Pacific Island leaders to discuss trade, climate change and regional security on Monday. Modi, who was met at the airport on Sunday evening by PNG Prime Minister James Marape, will hold a bilateral meeting on Monday morning, before hosting a regional summit with 14 Pacific Island leaders. Blinken is expected to sign a Defence Cooperation Agreement between the United States and PNG, and also hold a Pacific Island leaders meeting in the afternoon. Solomon Islands Prime Minister Manasseh Sogavare, Samoa Prime Minister Fiame Naomi Mataafa, Vanuatu Prime Minister Alatoi Ishmael Kalsakau, and New Caledonia President Louis Mapou were among the Pacific island leaders to arrive on Sunday. New Zealand Prime Minister Chris Hipkins and Australia's Pacific Minister Pat Conroy will also join the meetings.

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