DIRS.INFO The most relevant business & tech news

☆ US regional banks are still under pressure. That’s likely to continue
▼ + stars: | 2024-04-18 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —Despite overcoming a crisis in 2023, the pain isn’t over for America’s regional banks. Shares of New York Community Bank have tumbled 71%, Bank OZK shares have slid 16% and Webster Financial shares have lost 11%. Regional banks reported wide losses on their profits during the first quarter. PNC projects that its net interest income will fall between 4% to 5% in 2024 from last year. “I’m worried about a handful of [regional banks],” Bair told CNBC on Tuesday.

Persons: that’s, Jerome Powell, “, ” Powell, Sheila Bair, “ I’m, ” Bair, ” Tesla, Tesla, Elon Musk, Chris Isidore, Musk, Chancellor Kathaleen McCormick, Read, Samantha Delouya, —, Maximilian Kotz, Leonie Wenz, Noah Diffenbaugh Organizations: CNN Business, Bell, New York CNN, Regional Banking, New York Community Bank, Bank OZK, Webster Financial, PNC Financial, T Bank, US Bancorp, Citizens, PNC, Valley Bank, Signature Bank, First Republic Bank, Federal Reserve, Wilson Center, Federal Deposit Insurance Corporation, CNBC, Tesla, Securities and Exchange Commission, United Nations, Potsdam, Climate, CNN, Stanford University Locations: New York, Delaware, ” Delaware

☆ The Fed may have pumped so much money into the economy that it's now taking way longer to cut rates
▼ + stars: | 2024-04-17 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

So the Fed can keep interest rates higher for longer to cool price rises — although the central bank also has room to cut should the labor market "unexpectedly weaken," Powell added. Related storyHigher interest rates make borrowing more expensive for anything from mortgages to credit cards — it encourages people to save rather than spend, which in theory, helps bring down prices. AdvertisementConversely, lower interest rates encourage borrowing and spending — thus driving the economy when growth slows, such as during the COVID-19 pandemic when the Fed cut rates massively and pumped money into the system. But Reid thinks the excess money could be drained from the economy later this year, when money supply in the economy normalizes. AdvertisementDemand, supply chain snarls, and fiscal stimulus also contribute to inflationTo be sure, money supply isn't the only thing that contributes to inflation.

Persons: —, Jerome Powell, Powell, Jim Reid, it's, Reid, Bill Dudley Organizations: Service, Wilson Center, Business, Fed, Deutsche Bank, Federal Reserve, Bloomberg Locations: Washington, New York, Dudley

☆ Private equity finds its next bet: college admissions
▼ + stars: | 2024-04-17 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

Now, private equity firms are swooping in to help while taking majority stakes in exchange. Last week, the company announced that it would partner with California-based private equity firm Nexus Capital Management and move its test into a for-profit company. A company owned by private equity can obfuscate what the company actually does to the public and potentially to regulators. Private equity firms “come into industries that are already suffering from a lack of funding,” said Creeks. They’ve had a lack of funding and support and so sometimes private equity is the only viable option.

Persons: New York CNN — It’s, Janet Godwin, “, ” Goodwin, ”, we’ve, Charlie Eaton, Goodwin, Critics, Constantine Yannelis, Rebecca Winthrop, They’ve, ” Powell, Jerome Powell, Powell, Bryan Mena, Chris Isidore, United, Max Organizations: CNN Business, Bell, New York CNN, ACT Inc, U.S ., ACT, Nexus Capital Management, ”, CNN, Nexus, Higher, University of California, ” Nonprofit, Nexus Capital, Savvas Learning Company, Private Equity, Project, University of Chicago Booth School of Business, Center for Universal Education, Brookings Institution, P Global Market Intelligence, College Board, Veritas Capital, “, Bank of Canada, Wilson, Fed, United, United Airlines, Boeing, Alaska Airlines, Federal Aviation Administration Locations: New York, Iowa, California, Merced, Canada

☆ Fed Chair Powell hints at no interest rate cut in May, keeping rates higher for longer
▼ + stars: | 2024-04-16 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

Interest rates are currently nestled at a 23-year high after the Fed launched an aggressive rate-hiking campaign two years ago. Inflation is down considerably from a four-decade peak reached in the summer of 2022, but recent inflation reports have shown persistent price pressures in services and housing. First rate cut in the summer? Wall Street already wasn’t betting on a rate cut in May, but some analysts are estimating the first cut could come some time in the summer. Analysts at Goldman Sachs, JPMorgan and Nomura are estimating a first rate cut in July.

Persons: Jerome Powell, “, Powell, ”, ” Quincy Krosby, don’t, hasn’t, Goldman Sachs, Philip Jefferson Organizations: Washington CNN, Federal, Wilson, Fed, Congress, LPL, Atlanta Fed, Goldman, JPMorgan, Nomura, Bank of America, Barclays, Deutsche Bank, ” Locations: Wells Fargo, rebalance

☆ Watch Fed Chair Powell speak live during a policy forum in Washington
▼ + stars: | 2024-04-16 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

[The stream is slated to start at 1:15 p.m. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell speaks Wednesday to the Wilson Center's Washington Forum on the Canadian Economy, in what will likely be his last policy speech before the next central bank meeting. The appearance comes with markets expecting the Fed to keep its benchmark borrowing rate steady until at least September. Recent higher than expected inflation readings have forced investors to recalibrate expectations that the Fed would lower interest rates steadily this year.

Persons: Jerome Powell, Wilson, Powell, Read Organizations: Bank of Canada, Tiff, Wilson, Fed, CNBC, YouTube Locations: Canadian, Canada

☆ A bloodthirsty ISIS branch is 'on the upswing' after the US left Afghanistan in a lurch, a former top commander says
▼ + stars: | 2024-04-12 | by ( Jake Epstein | ) www.businessinsider.com time to read: +11 min

AdvertisementIn the years since the US and its NATO allies left Afghanistan, a particularly violent branch of the Islamic State terror group has grown stronger. During the first few years of its existence, ISIS-K attacks were mainly confined to Afghanistan and Pakistan. The first year under the Taliban's rule saw a sharp uptick in terror attacks inside Afghanistan. But that trend has changed in recent months; attacks inside the country declined while attacks beyond its borders have increased. Thus, the conditions inside Afghanistan have awarded the terror group space to develop a greater capacity to stage external attacks.

Persons: —, Joseph Votel, Hamid, Taylor Crul, Michael Kugelman, Kugelman, MARCUS YAM, Votel, that's, Doug Ellis, Qassem, STRINGER, Michael Kurilla, John Kirby, Biden, Kirby Organizations: Service, NATO, 82nd Airborne Division, U.S . Air Force, US Air Force, REUTERS ISIS, Islamic, ISIS, Department of Defense, Hamid, AP, South Asia Institute, Wilson, Kabul International Airport, ANGELES, US Central Command, Security Forces, Staff, Getty, White, National Security, Department, Defense Locations: Afghanistan, Moscow, Kabul, Handout, Khorasan Provence, Iraq, Syria, Pakistan, Washington, Darzab district, Jowzjan province, Mar, Iran, Central Asia, Iranian, Kerman, Europe, Russia, Islamic State, Crocus, American, Achin, Nangarhar Province

☆ Xi Jinping is caught in a bind: How do I undermine US power while also courting its investors?
▼ + stars: | 2024-03-28 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

But Xi is also trying to dent US global power on several fronts. AdvertisementChina's President Xi Jinping presented an uncharacteristically affable image Wednesday, smiling broadly for US business leaders at a meeting in Beijing. The Chinese leader sought to assure investors including Cristiano Amon of Qualcomm and Stephen Schwarzman of the Blackstone Group that the downturn in China's economy, its biggest contraction in 15 years, would be over soon. AdvertisementOn the one hand, Xi is seeking to implement China's long-term strategy of displacing the US as the world's pre-eminent power. China's economy, after decades of growth, is experiencing its most serious problems in decades.

Persons: Xi Jinping, He's, Xi, —, Cristiano Amon, Stephen Schwarzman, Jonathan Ward, Ali Wyne, Joe Biden, Robert Daly, Wilson Organizations: Service, Qualcomm, Blackstone Group, United, Communist Party, US Navy, Taiwan, Wilson Center, CBS, International Crisis Group, Institute, NPR, US Locations: Beijing, China, Xinhua, United States, Ukraine, Russia, Taiwan, Iran, North Korea

Isis has claimed responsibility for the attack. Two sources familiar with the American information said that since November there had been a steady stream of intelligence that ISIS-K – an affiliate of ISIS that is active in Afghanistan and the surrounding region – was determined to attack Russia. Moscow has intervened tellingly in Syria’s civil war, to the support of President Bashar al-Assad and against ISIS. A US official said Friday that Washington had no reason to doubt ISIS’ claim that it was responsible for the latest attack. On Friday, following reports of the Crocus City Hall attack, the US embassy advised US citizens not to travel to Russia.

Persons: Vladimir Putin, Gunmen, Isis, Putin, Adrienne Watson, “, tellingly, Bashar al, Assad, ” Michael Kugelman, Washington Organizations: CNN, ISIS, Crocus, Hall, US National Security, RIA Novosti, Wilson Center, Reuters, Central Asian Locations: Moscow, Russia, United States, ”, Khorasan, Kaluga, Afghanistan, Washington, Crocus

☆ What we know about the Moscow concert hall attack — and why ISIS-K is claiming responsibility
▼ + stars: | 2024-03-23 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

A group of unidentified individuals opened fire at the Crocus City Hall, a music venue located on the western edge of Moscow, on Friday evening. The Ministry of Emergency Situations told the Russian news agency that a third of Crocus City Hall was engulfed. If ISIS-K is confirmed to have carried out the attack, the group may have done so on Friday simply because they were ready, Byman said. The warning was partly based on intelligence that indicated an ISIS-K presence in Russia, two US officials told The Washington Post. Three days before the attack, Russian President Vladimir Putin dismissed the warnings, calling them "provocative."

Persons: —, Mikhail Murashko, Amaq, Hamid Karzai, Daniel Byman, Byman, Michael Kugelman, Vladimir Putin, Colin P, Clarke Organizations: Service, Crocus City Hall, TASS, Federal Security Service, Business, Crocus City, Associated Press, Russian, Ministry, ISIS, CNN, The New York Times, Islamic, Center for Strategic & International Studies, CSIS, Wilson, Reuters, Washington Post, Soufan, New York Times, Kremlin Locations: Crocus, Moscow, Russian, Russia's, Khorasan Province, Afghanistan, Islamic State, Washington, DC, Pakistan, Kabul, Russia, Chechnya

☆ China slams the U.S. for interfering in Arunachal Pradesh border dispute with India
▼ + stars: | 2024-03-21 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

A tableau of Arunachal Pradesh state during the Republic Day parade along Kartavya Path in New Delhi, India, on Friday, Jan. 26, 2024. China slammed the United States for interfering in its border dispute with India, after Washington said it recognized the disputed Arunachal Pradesh as a part of Indian territory. China, which refers to the territory as Zangnan, claims Arunachal Pradesh is part of southern Tibet. India rejects those claims, stating Arunachal Pradesh has always been a part of India. Kugelman pointed out that the U.S. typically refrains from commenting on some Indian border disputes, such as the one with Pakistan over Kashmir.

Persons: Washington, Lin Jian, China's, Narendra Modi, Vedant Patel, Zangnan, Lin, Michael Kugelman, Kugelman Organizations: India's, Foreign Ministry, U.S . State Department, United, LAC, South Asia Institute, Wilson Center, CNBC Locations: Arunachal Pradesh, New Delhi, India, China, United States, Beijing, Indian, Tibet, U.S, Pakistan, Kashmir, Washington

☆ Opinion: What to make of Schumer’s scathing speech on Netanyahu
▼ + stars: | 2024-03-17 | by ( Opinion Aaron David Miller | ) edition.cnn.com time to read: +11 min

So, is Schumer’s speech likely to have a major impact in Israel or on Biden administration policy? One way to read the impact of Schumer’s speech is that it will give the administration the political space to toughen up its policies toward the Netanyahu government. How Schumer’s speech will impact Israel and the US-Israeli relationship is hard to predict. Just look at the Republican reaction to Schumer’s speech. In an interview with CNN, Senate Minority leader Mitch McConnell said Schumer’s speech was a contradiction of US policy.

Persons: Aaron David Miller, ” Miller, Chuck Schumer, ” that’s, Howard Beale, Benjamin Netanyahu, ‘, Schumer, Biden, Netanyahu, “ atta, Yair Lapid, Naftali Bennett, ” Benny Gantz, Schumer “, “, ” Gantz, We’re, Donald Trump, Trump, Will Biden, Joe Biden, It’s, that’s, he’s, Israel –, Schumer won’t, George H.W, Bush, State James Baker, Yitzhak Rabin’s, Yitzhak Shamir, Rabin, Bill Clinton, Shimon Peres, Peres, John Boehner, Sen, Itamar Ben Gvir, Bezalel Smotrich, Mitch McConnell, can’t, ” Organizations: Carnegie Endowment, International Peace, Democratic, Republican, CNN, “, Likud, State, Republican Party, Democrat, Hamas, Biden, Israel, White, GOP, Republicans, West Bank Locations: East, Israel, Washington, “, Gaza, Arab, Michigan, Qatar, Iran, Jerusalem, America

☆ China de-linking talk is overdone and it's still key to the global economy, Asian Development Bank says
▼ + stars: | 2024-02-26 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

China is still a critical trading partner for many countries across the world, and the often-used narrative of the superpower being delinked from the global economy is overdone, says the Manila-headquartered Asian Development Bank. "China's still probably the number one trading partner for the majority of countries in the world," ADB's Chief Economist Albert Park told CNBC. Although there have been parts of overall trade with China that have declined, the country's engagement and importance in the global value chain has not diminished, said Park. However, the economic powerhouse remains a top trading partner to over 120 countries, and is still the largest trading partner to Japan, South Korea, Taiwan and Vietnam, according to U.S. think tank Wilson Center. He added that even following the trade conflict started by former U.S. President Donald Trump in 2018, China's importance in the global value chain has not slumped.

Persons: China's, Albert Park, Donald Trump Organizations: Asian Development Bank, CNBC, Wilson, U.S Locations: China, Manila, Japan, South Korea, Taiwan, Vietnam

☆ Blinken spoke with detained American Paul Whelan on Monday
▼ + stars: | 2024-02-13 | by ( Jennifer Hansler | ) edition.cnn.com time to read: +2 min

CNN —US Secretary of State Antony Blinken spoke on Monday with Paul Whelan, an American who has been detained in Russia for more than five years, the top US diplomat said Tuesday. And they will until he and Evan Gershkovich and every other American wrongfully detained is back with their loved ones,” Blinken said at an event on hostage diplomacy at the Wilson Center. State Department spokesperson Matt Miller said Tuesday that Blinken “assured Paul Whelan, as he has in his previous calls, that we’re with you. The time is now to take decisive action and bring this debacle to a close,” Whelan told CNN from his prison camp in Mordovia. Miller reiterated on Monday that the US has “put a significant offer on the table” to try to secure Whelan and Gershkovich’s release.

Persons: Antony Blinken, Paul Whelan, Paul, Evan Gershkovich, ” Blinken, Matt Miller, “, Biden, ” Miller, Whelan, Blinken, ” Whelan, Joe Biden, ”, Miller Organizations: CNN, Wilson Center . State, US State Department Locations: American, Russia, Mordovia

CNN —Almost three years on from its bloody coup, Myanmar’s military junta is facing the biggest threat to its hold on power as it fights wars on multiple fronts across the Southeast Asian nation. Junta airstrikes and ground attacks on what the Myanmar military calls “terrorist” targets have killed thousands of civilians to date, including children, and displaced about 2 million people. Stringer/AFP/Getty ImagesCNN has reached out to Myanmar’s military spokesperson for comment on the recent fighting but has not received a response. Stringer/AFP/Getty ImgesIn the jungles of southeast Kayah state, fighting has raged near the state capital Loikaw. Video filmed and published by the Karenni Nationalities Defense Force appears to show Myanmar army soldiers surrendering to rebels at Loikaw University who are filmed treating their injuries.

Persons: ”, Matthew Arnold, ” Arnold, Min Aung, Aung, Suu Kyi, “, Bo Nagar, Stringer, Myint Swe, Chin Shwe Haw, Nan Diya, Lalmalsawma Hnamte, Lin Lin, Ye Myo Hein, May, – “, Karen, Chin state’s Matupi, Tian Junli, Arnold, Myanmar’s, it’s, Suu Organizations: CNN, United Nations, National Unity Government, Junta, Myanmar, UN, Administration Council, Burma National Revolutionary Army, National Liberation Army, Alliance, Myanmar National Democratic Alliance Army, Arakan Army, ”, Getty, Reuters, Loikaw, Karenni Nationalities Defense Force, Loikaw University, Resistance, Burma People’s Liberation Army, Brotherhood Alliance, United States Institute of Peace, Wilson Center, Border Guard Forces, China, Global Times, PLA Southern Theater Command Locations: Myanmar, Myanmar’s, Suu, Yangon, Mandalay, Burma, Namhsan Township, Shan State, AFP, Arakan, China, ”, Shan, Chin, Muse, Rakhine, Pauktaw, Lashio, Kayah, Mizoram, “, Sagaing region, Asia, Kawkareik, Karenni, Sagaing, India, Thailand, Bangladesh

Argentine President-elect Javier Milei departs the Eisenhower Executive Office Building after meeting with Biden administration staff at the White House complex in Washington, U.S., November 28, 2023. His foreign policy, meanwhile, is unabashedly pro-United States and pro-Israel, with a cooler stance on top trade partners Brazil and China. 2 Gita Gopinath and other fund officials, the fund said separately. The IMF has said in the past that dollarization is not a substitute for sound macroeconomic policy. Milei and IMF officials had a first virtual meeting on Friday, which Georgieva called a "very constructive engagement".

Persons: Javier Milei, Kevin Lamarque, Milei, Jake Sullivan, Juan Gonzalez, Benjamin Gedan, Alberto Fernandez, Vladimir Putin, Kristalina Georgieva, Posse, Luis Caputo, Gita Gopinath, Georgieva, Jason Lange, Rodrigo Campos, Rosalba O'Brien, Christopher Cushing Organizations: Argentine, Biden, REUTERS, Rights, U.S, White, National Security, Western, United, Israel, America, Wilson, International Monetary Fund, IMF, Reuters, Thomson Locations: Washington , U.S, Washington, Argentina, United States, Brazil, China, U.S, Moscow, Ukraine, Beijing, Argentine, New York

☆ Regular Disorder: How Congress broke itself, caused chaos and misery, and why it may not be possible to go back ever again.
▼ + stars: | 2023-11-26 | by ( Walt Hickey | ) www.businessinsider.com time to read: +10 min

Regular order refers to the process of legislative committees holding hearings and marking up bills before referring them to the legislature as a whole. "And that has sort of thrown out the window the whole idea of regular order." The move away from regular order was natural selection, this argument goes. AdvertisementThat assumes, however, that party leaders and the members that put them there would want to have a functioning government. The very incentives that pushed Congress away from regular order are stronger than ever.

Persons: —, backbenchers, John Duricka What's, Bill, Newt Gingrich, Alan Wiseman, Gingrich, Donald Wolfensberger, James M, Curry, Andrew Harnik, he's, Bill Huizenga Organizations: Service, Representatives, AP, Republican, 104th, Center, Wilson, University of Utah, POLITICO Locations: fecklessness, Congress, retool

☆ Argentina's new far-right president Javier Milei winning is a triumph for Tucker Carlson
▼ + stars: | 2023-11-20 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

Tucker Carlson interviewed Javier Milei in September, boosting his candidacy. Milei is a far-right firebrand and showman, compared by some to Donald Trump. AdvertisementAfter the election of far-right outsider Javier Milei as Argentina's president Sunday, former Fox News host Tucker Carlson took a victory lap. Carlson posted a picture of himself posing with Milei, whose candidacy he boosted by interviewing him for his show on X in September. In the interview, Milei echoed the rhetoric of former US President Donald Trump, questioning the climate crisis, urging right-wingers to wage culture wars with liberals, and pledging to cut government spending to reduce Argentina's spiking inflation.

Persons: Tucker Carlson, Javier Milei, Milei, Donald Trump, Carlson's, —, Carlson, Bauer, Trump, Hungary's Viktor Orbán, Jair, he's, soulmates Trump, Benjamin Gedan Organizations: Service, Fox News, University of Alabama, Reuters Institute, Fox, Trump, Latin America, Wilson Center, Associated Press Locations: Argentina, Washington

☆ Xi revealed the extent of China's economic woes by the speed at which he caved to some of Biden's demands
▼ + stars: | 2023-11-17 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

China's Xi Jinping and President Joe Biden had their first meeting in a year this week. Xi entered the talks in an unfamiliar position of weakness amid China's economic woes. It was a stark contrast to recent public remarks by the Chinese president, where he sought to blame crises and conflicts across the globe on US meddling. The New York Times noted just how quickly Xi agreed to the demands, with previous US-China deals brokered after days of painstaking diplomatic negotiations. Though Xi is hoping for a short-term decrease in tensions, Chinese economic woes are unlikely to have altered his long-term calculations.

Persons: China's Xi Jinping, Joe Biden, Xi, —, Xi Jinping, Biden, Patricia Kim, Nancy Pelosi's, he'd, Robert Daly, Wilson, Vladimir Putin Organizations: Service, APEC, Center for East Asia Policy Studies, Biden, UAE ., New York Times, Associated Press, Institute, Russian, The New York Times Locations: San Francisco, China, United States, UAE, Taiwan, Beijing, Russia, Ukraine, East, Iran, Gaza, Washington

Which is stronger will tip the balance of the South American country's presidential election on Sunday and may reshape its diplomatic ties, economic future, and the wider region's political fault lines. 'NOT MY FIRST CHOICE'Neither Massa or Milei goes into the second round with a strong mandate. "For me, neither of them represents the hopes that I have for the future of the country. This would likely put a brake on more radical reforms and force Massa or Milei to moderate. The powerful regional governors are also split between the Peronists and the main conservative coalition, with none allied to Milei.

Persons: Javier Milei, Matias Baglietto, Sergio Massa, Massa, Donald Trump, Raquel Pampa, " Massa, Fernando Pedernera, Milei's, Mario Vargas Llosa, Milei, Nicolas Troitino, Valentina, Gonzalo, Benjamin Gedan, Wilson, Adam Jourdan, Horacio Soria, Rosalba O'Brien Organizations: Argentine, REUTERS, American, International Monetary Fund, Mercosur, Massa, Milei, America, Thomson Locations: Cordoba, Argentina, BUENOS AIRES, Buenos Aires, China, Brazil, Mexico, Spain, Chile, Colombia

Ajay Bisaria, India's ambassador to Canada from 2020 to 2022, said the relationship is in a "de-escalation phase" following "quiet diplomacy". "This is not a thaw," an Indian foreign ministry official told Reuters. 'MODEST DE-ESCALATION'Officials in India and Canada spoke on condition of anonymity as they were not authorised to speak on the subject. The Indian foreign ministry did not respond to a request for comment. Canada's foreign ministry pointed to comments made by Foreign Minister Melanie Jolie on Oct. 30.

Persons: Narendra Modi, Justin Trudeau, Evan Vucci, Michael Kugelman, Ajay Bisaria, Hardeep Singh Nijjar, India's, Ottawa’s, Melanie Jolie, Jolie, Modi, Kugelman, Michael Bociurkiw, Krishn Kaushik, Steve Scherer, YP Rajesh, William Mallard Organizations: Indian, Canada, Bharat, DELHI, Mutual, South Asia Institute, Wilson Center, Reuters, Canadian, Foreign, Atlantic Council, YP, Thomson Locations: New Delhi, India, Canada, OTTAWA, Punjab, Delhi, Ottawa, Washington, China, Vancouver, Hardeep, Vienna

[1/2] Argentina's presidential candidate Sergio Massa gestures during a press conference a day after the first round of Argentina's presidential election, in Buenos Aires, Argentina October 23, 2023. Local media reported similar though more informal campaigns in some hospitals, and the energy secretary warned the price of subsidized gas could double. 'CHAINSAWING' THE WELFARE STATE? "At the other end of the chainsaw he totes at rallies are the pocketbooks of millions of Argentines," he added. Additional reporting by Candelaria Grimberg and Lucinda Elliott; Editing by Adam Jourdan and Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

Persons: Sergio Massa, Cristina Sille, Sergio Massa's, Javier Milei, Massa, Milei, Amparo Anzaldi, Benjamin Gedan, Wilson, Cristina Fernandez de Kirchner, Ana Monclus, meanwhile, Anna, Catherine Brigida, Candelaria Grimberg, Lucinda Elliott, Adam Jourdan, Aurora Ellis Organizations: REUTERS, Argentine Economy, Peronist, Massa, Local, International Monetary Fund, Reuters, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Argentine

☆ A Look at Gaza’s Rocket Arsenal
▼ + stars: | 2023-10-23 | by ( ) www.wsj.com time to read: 1 min

Thousands of rockets have been fired from Gaza into Israel since the conflict began, according to the Israeli military. Hamas and the Palestinian Islamic Jihad’s groups’ arsenals include weapons that can hit targets more than 150 miles away, according to the Wilson Center, a nonpartisan foreign policy research and analysis group. Israel’s Iron Dome system, which was introduced in 2011, was designed to intercept and destroy incoming rockets.

Organizations: Hamas, Islamic, Wilson Locations: Gaza, Israel

☆ Mired in economic crisis, Argentines weigh whether to hand reins to anti-establishment populist
▼ + stars: | 2023-10-22 | by ( ) www.cnbc.com time to read: +6 min

Argentines were going to the polls Sunday, as frustrated voters weigh handing the presidency to an anti-establishment, right-wing populist who has shaken up the political system and pledges to drastically overhaul the state. "Argentina is in for a wild ride," Benjamin Gedan, director of the Latin America program at the Washington-based Wilson Center, said. Whatever the results, Milei has already inserted himself and his libertarian party into a political structure dominated by a center-left and a center-right coalition for almost two decades. Argentines were also buying dollars and removing hard currency deposits from banks as the peso accelerated its already steady depreciation. That message resonated among many Argentines who watched their economic prospects wither under successive administrations in which both Massa and Bullrich served.

Persons: Javier Milei, Donald Trump, Benjamin Gedan, Milei, Patricia Bullrich, Sergio Massa, Massa, Bullrich, Ignacio Cardozo, Cristian Ariel Jacobsen, Jair, Eduardo, Tucker Carlson admiringly, Daniel Noboa Organizations: U.S ., America, Wilson Center, Former, Economy, Massa, Vox, Fox News, Trump Locations: Argentina, Washington, South, Buenos Aires, Ecuador

ISLAMABAD, Oct 21 (Reuters) - Pakistan's three-time Prime Minister Nawaz Sharif is scheduled to arrive back home on Saturday after four years of self-imposed exile in London to kick-start his party campaign three months ahead of a general election. Sharif has not set foot in Pakistan since he left for London in 2019 to receive medical treatment while serving a 14-year prison sentence for corruption. When he was removed as premier in 2017, Pakistan's GDP growth rate was 5.8% and inflation was hovering around just 4%. In September, inflation registered at over 31% year-on-year, and growth is projected to be less than 2% this financial year. "Over his long political career, Sharif's relationship with the military brass has blown hot and cold.

Persons: Nawaz Sharif, Sharif, Imran Khan, Khan, Sharif's, Shehbaz Sharif, Michael Kugelman, Asif Shahzad, Stephen Coates Organizations: London, International Monetary Fund, South Asia, The Wilson, Thomson Locations: ISLAMABAD, London, Lahore, Dubai, Pakistan

☆ Israel's military has tools to take down Hamas' new drone arsenal, but actually using them may not be easy
▼ + stars: | 2023-10-14 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

AdvertisementAdvertisementIsrael has been a pioneer in drone warfare, producing an array of reconnaissance and strike drones. The assault began with a Hamas drone that dropped a bomb on an Israeli Merkava 4 tank, one of the most advanced in the world. Hamas members display a drone in a parade for the anniversary of Hamas' founding, in Gaza City in December 2014. NurPhoto/NurPhoto via Getty ImagesThe full breadth of Hamas' drone arsenal will not become evident until Israel attacks. AdvertisementAdvertisementKnocking out a Merkava tank indicates greater skill and boldness in Hamas' drone use, though it enjoyed the advantage of surprise against IDF troops.

Persons: Israel, —, Gaza City's, Mustafa Hassona, John Spencer, Spencer, Jack Watling, JACK GUEZ, Watling, it's, Michael Peck Organizations: Service, Israel Defense Forces, Israel, Hamas, Getty, IDF, Anadolu Agency, Modern, Institute, Britain's Royal United Services Institute, Wilson Center, Washington DC, Palestinian, Defense, Foreign Policy, Twitter, LinkedIn Locations: Gaza, Israel, Ukraine, Gaza City, Gaza City's Abu Nasr, West, Turkish, Russian, Iraq, Washington, Israeli, AFP, jammers, Forbes

Search resuls for: "Wilson Center"

25 mentions found