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Rapper Macklemore has released a pro-Palestine protest song called "Hind's Hall." Elsewhere in the song, Macklemore takes aim at Biden and the feud between Drake and Kendrick Lamar. AdvertisementMacklemore has called for a cease-fire in Gaza and condemned continuing US aid to Israel in his new song, "Hind's Hall." The song has gone viral on social media with 37 million views on X, 1.7 million views on YouTube, and 2.9 million likes on Instagram. AdvertisementIn the opening bars of his new song, Macklemore praises college students across the US who are protesting Israel's war in Gaza.
Persons: Macklemore, Drake, Kendrick Lamar, , Hind Rajab, Joe Biden, Biden, freedom's, Gina Wetzler, Annie Lennox Organizations: Palestine, Columbia University, Biden, Service, Hamilton Hall, Protesters, YouTube, United Nations Relief, Works Agency for Palestine Refugees Locations: Gaza, Israel, Palestine, Hamilton Hall, Columbia, Seattle, Dua Lipa, East
Discontent over the war in Gaza had been building for months at Trinity College Dublin, but what had been a rumble last week suddenly became a roar. News broke that Trinity had demanded a heavy sum from the student union after protests had blocked tourist access to the Book of Kells, a major attraction for paying visitors. Irish lawmakers worried that the university was trying to stifle independent protest, and there were offers of help from lawyers and pro-Palestinian groups. As the campus dispute became a national one, Trinity, Ireland’s oldest and most prestigious university, agreed on Monday to negotiate with pro-Palestinian demonstrators. Capping several head-spinning days, Trinity agreed first to abandon some Israeli investments, a step that nearly all U.S. colleges and universities have so far resisted, and then said on Wednesday that it would look into divesting from all such investments.
Persons: Trinity, Kells Organizations: Trinity College Dublin, Trinity Locations: Gaza, Ireland’s
CNN —As one of the lead negotiators for students protesting inside the grounds of Columbia University, Mahmoud Khalil said his primary objective was to get the university to sever all financial ties with Israel. Khalil said Columbia never put anything in writing, instead making offers verbally. But without a firm promise, Columbia’s offer didn’t go far enough for Khalil and other protesters, since the university had previously rejected divestment proposals. Khalil said they then presented Columbia with another offer: Rather than dump Israel-tied investments, Columbia could instead divest from weapons manufacturing companies and any companies complicit in violating international law. NYPD officers in riot gear march onto Columbia University campus, where pro-Palestinian students are barricaded inside a building and have set up an encampment, in New York City on April 30, 2024.
Persons: Mahmoud Khalil, , Israel, , ” Khalil, Khalil, Columbia, Brown, Minouche Shafik, Lockheed Martin, Kena Betancur, , Shafik, Ben Sasse, it’s, Columbia’s, Lee Bollinger, Bollinger, Stephanie Keith, Columbia College –, Hedge, Leon Cooperman, Cooperman, Robert Kraft, Luigi Zingales, Zingales, ” Shafik, he’s, “ There’s Organizations: CNN, Columbia University, Brown University, Columbia, Dynamics, Caterpillar, West Bank, Columbia University campus, Getty Images Columbia, New York Police Department, Jewish, Northwestern University, CNN’s, Union, Sunday, University of Florida, Columbia Daily Spectator, Human Rights Watch, Israel’s Ministry of Foreign Affairs, Defamation League, University, Columbia College, , New England Patriots, University of Chicago’s Booth School of Business, Times Locations: Israel, Columbia, Gaza, Palestinian, New York City, AFP, CNN’s “ State, South Africa, United States,
The University of Chicago has built a brand around the idea that its students should be unafraid to encounter ideas or opinions they disagree with. To drum that in, the school provides incoming students with copies of its 2014 free-speech declaration, known as the Chicago statement, which states that freedom of expression is an “essential element” of its culture. That neutrality, the university argues, allows for a robust, unencumbered exchange of ideas. Many professors swell with pride talking about how the school’s commitment to these principles has endured through two world wars, Vietnam and, more recently, the tumult of the Trump administration. And more than 100 institutions have adopted or endorsed similar principles.
Persons: Trump Organizations: University of Chicago Locations: Chicago, Vietnam
A core demand over by the pro-Palestinian student groups at Columbia University was for the school to withdraw investment funds from what they describe as companies profiting from Israel’s war in Gaza. The group has described those companies as profiting “from Israeli apartheid, genocide, and military occupation of Palestine.” Israel denies accusations of genocide. Columbia now lists five areas where it refrains from investing: tobacco, private prison operations, thermal coal, Sudan and fossil fuels — all decisions made in the past decade. Columbia was also the first Ivy League university to divest from South Africa, and various other colleges followed suit. In 2015, Columbia became the first US university to divest from private prison companies after a student campaign raising concerns about human rights abuses.
Persons: ” Israel Organizations: Columbia University, Columbia, Ivy League, Columbia’s, Trustees Locations: Gaza, Palestine, Columbia, Sudan, South Africa
Toyo Suisan has consistently outperformed Nissin Foods in North America, one of the most profitable and fastest-growing markets in the world. It generally starts with shareholder proposals that by regulation can only address specific issues, such as capital allocation and dividends. Last year, 3% of corporate governance shareholder proposals were passed and 4% of balance sheet-based shareholder proposals were passed. First, it shows the opportunities available to activists in Japan where reasonable shareholder proposals could lead to significant shareholder value creation. Brian Doyle of Nihon Global and his team are a good example of this.
Persons: Toyo Suisan, Toyo Suisan's, Nissin, Nihon, hasn't, Judge Chamberlain Haller, Vinny, Nihon Global's, Brian Doyle, Hiroyuki Otsuka, Carlyle, Ken Squire Organizations: Toyo, Nihon Global Growth Partners Management, Nihon Global, Nihon, Nissin, Foods, Nissin Foods, Tokyo Stock Exchange, U.S, White, Newton Investment Management, 13D Locations: Japan, Toyo, North America, Mexico, U.S, American, United States, Asia
Two years later, a plurality of Americans held the view that so-called outside agitators — in this instance, Communists — were behind the civil rights movement. If we think of attention as a prevailing measure of success, then the Columbia protests, inspiring so many others and consuming global headlines, have been triumphant. “I see very little talk this week about what is happening to Palestinians in Gaza,” Peter Staley, the celebrated AIDS activist, told me. He recalled a major ACT UP demonstration in December 1989 at St. Patrick’s Cathedral that is still debated among participants. The idea was to disrupt a Mass offered by Cardinal John O’Connor to condemn the church’s stance on condoms.
Persons: Eric Adams, , condescension, , unmet, ” Peter Staley, Cardinal John O’Connor, ” Mr, Staley Organizations: Columbia University, Hamilton Hall, Gallup, Washington, Police Department, ACT Locations: Gaza, Columbia, Morningside Heights, St, Patrick’s
A deal struck by Northwestern University officials and pro-Palestinian demonstrators brought an end to a protest encampment on campus but drew harsh criticism from Jewish leaders and students on Wednesday. The agreement, announced this week, included a promise by the university to be more transparent about its financial holdings. In turn, demonstrators removed the tent camp they built last week at Deering Meadow, a stretch of lawn on campus. The university did not commit to divesting from companies linked to Israel’s military campaign in Gaza, a chief demand animating campus protests across the nation. But protest organizers at Northwestern said they saw transparency as a first step toward that goal.
Persons: , Elizabeth Shakman Hurd, , Hillel, Michael Schill, Schill, ” Paz Baum, Baum, Mr Organizations: Northwestern University, Northwestern, Educators for Justice, American Jewish Committee, Cook County Circuit Court, Jewish Voice, Peace, Brown University, Columbia University, University of California Locations: Deering, Gaza, Palestine, Northwestern, Cook County, New York, Los Angeles
As pro-Palestinian protests continued to escalate across the country, officials and students at Brown University set a rare example on Tuesday: They made a deal. Demonstrators agreed to dismantle their encampment at Brown, which had been removed by Tuesday evening, and university leaders said they would discuss, and later vote on, divesting funds from companies connected to the Israeli military campaign in Gaza. The agreement came even as scenes of chaos continued to overtake U.S. universities, with protesters at Columbia in New York and Portland State in Oregon occupying buildings, and demonstrators at the University of North Carolina at Chapel Hill replacing an American flag at the center of campus with a Palestinian one. More than a thousand people have been arrested over the past two weeks after a crackdown on a pro-Palestinian encampment at Columbia in New York resulted in a cascade of student activism across the country.
Organizations: Brown University, Portland State, University of North, Chapel Hill Locations: Brown, Gaza, Columbia, New York, Oregon, University of North Carolina, American
“Disclose, divest, we will not stop, we will not rest,” protesters at Columbia and universities across the country have chanted. Student protesters who oppose Israel’s military action in Gaza are demanding that their universities sell investments in companies with ties to Israel. Pro-Palestinian protesters say divestment would send an important message of disapproval of Israel’s conduct in Gaza. But while demonstrators have spread their messages across the country, many schools haven’t acquiesced to protesters’ calls for divestment. There are historical precedents for university divestment.
Persons: Israel’s, haven’t, Columbia’s, , Christina Paxson, ” Nicholas Dirks, , Dirks Organizations: CNN — College, Student, Columbia University Apartheid, Microsoft, Protesters, Cornell, Yale, University of Michigan, The University of California, University of California, University, University of Texas, Brown, Brown Daily Herald, Portland State University, Boeing, Columbia, Ford, CNN Locations: Israel, Columbia, Gaza, Dallas, South Africa, Berkeley
Read previewThe unrest at Columbia University isn't showing signs of slowing down. In the 1980s, student protesters at Columbia took over the same building and called for divestment of the Ivy League school's investments over a different cause: South African apartheid. Student protesters at the 1985 demonstrations at Columbia University. Protesters there locked and chained the doors to Hamilton Hall — the same building now occupied by pro-Palestinian protesters — and demanded the school completely divest from South Africa. A more fraught situationOn its website, the Columbia University Apartheid Divest group likened itself to the protests from nearly 40 years ago.
Persons: , It's, Lockheed Martin, Alex Kent, Joe Biden, Mike Johnson, she's, Barbara Alper, didn't, Ronald Reagan, Biden, Benjamin Netanyahu, Netanyahu, Nemat, Shafik, Nicholas Dirks, Divesting, Christopher Marsicano, Al, Marsicano Organizations: Service, Columbia University, Columbia, Ivy League, Business, Lockheed, Boeing, NPR, Hamilton Hall, Getty, Columbia University Apartheid, White, Student, New York Times, Times, Coalition, Columbia Spectator, Spectator, The New York Times, Hamas, University, Socially, University of California, CNN, North Carolina's Davidson College Locations: Israel, Gaza, Columbia, divesting, Hamilton, South Africa, Vietnam, Rafah, Berkeley, Al Jazeera
What is divestment? And does it work?
  + stars: | 2024-04-28 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +8 min
From Princeton University in New Jersey to the University of Southern California in Los Angeles, the same chant can be heard: “Disclose! The specifics of student protesters’ divestment demands vary in scope from school to school. Other students, like those at Cornell University and Yale, are asking their schools to stop investing in weapons manufacturers. Other common threads include demanding universities disclose their investments, sever academic ties with Israeli universities and support a ceasefire in Gaza. Proponents for divestment counter that its value lies in raising awareness and stigmatizing partnerships with targeted regimes or industries.
Persons: , ” Israel, Witold Henisz, Henisz, , Nicholas Dirks, ” Dirks, Dirks, “ They’ll, Anna Cooban, Michelle Bowman, Eli Lilly, Estee Lauder, Jerome Powell Organizations: New, New York CNN, Palestinian, Princeton University, University of Southern, Columbia University Apartheid, Columbia, Cornell University and Yale, Research, The Wharton School, University of Pennsylvania, CNN, University of California, Columbia’s Faculty of Arts and Sciences, Federal Reserve, European Central Bank, Dallas Fed, Samsung, AMD, Starbucks, Benz Group, Volkswagen, PayPal, adidas, Diamondback Energy, Restaurant Brands, Pinterest, Caesars Entertainment, PMI, Conference Board, Mastercard, Qualcomm, Pfizer, Marriott, eBay, US Commerce Department, Apple, Novo Nordisk, Shell, ConocoPhillips, Cigna, Universal Music Group, Hershey, US Labor Department Locations: New York, New Jersey, University of Southern California, Los Angeles, Columbia, Palestine, Israel, Gaza, South Africa, Berkeley, United States, Europe, DoorDash
Columbia University Apartheid Divest submitted a formal proposal to the committee for withdrawing investments related to Israel in December, which has yet to yield success. Students at Columbia College, the university’s undergraduate school, voted to support the divestment proposal last week. Heading a nationwide South Africa divestment movementCurrently, Columbia lists five areas where it refrains from investing: tobacco, private prison operations, thermal coal, Sudan and fossil fuels — all decisions that were made in the past decade. In April 1985, students led a three-week student demonstration against Columbia’s investments in South Africa, the New York Times reported at the time. Pete Seeger, right, speaks to the crowd at Columbia University as hundreds of students continued to protest the school's ties to South Africa, April 8, 1985.
Persons: ” Israel, Catherine Elias, Daniel Armstrong, , ” Armstrong, Pete Seeger, Frankie Ziths, G4S, Karla Ann Cote, divests, , Savannah Pearson, Michael Cusack Organizations: New, New York CNN, Columbia University, Columbia University Apartheid, , Columbia, Columbia College, CNN, Coalition, New York Times, American Express, Ford, Ivy League, University of California, Johns Hopkins University, University of North, Corrections Corporation of America, Library, , Columbia’s, Trustees, Columbia’s Teachers College Locations: New York, Gaza, Palestine, Columbia, Vietnam, Upper Manhattan, Israel, South Africa, Sudan, Los Angeles, Chevron, Berkeley, University of North Carolina, Hill, South, United States
Honeywell shares are under pressure Thursday, despite the industrial conglomerate exceeding expectations for first-quarter sales and earnings. The culprits: Softer guidance for the current quarter and some uncertainty about a recovery in some of its key businesses. Honeywell Why we own it: Honeywell is a provider of industrial technology solutions to companies in various industries. Building automation was down year over year as growth in the longer-cycle solutions business was offset by continued weakness in the shorter-cycle products business. Honeywell International Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York.
Persons: it's, Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: Honeywell, Revenue, Emerson, Aerospace, CNBC, Honeywell International Inc, New York Stock Exchange, Bloomberg, Getty Locations: management's, UOP, New York
CNN —Former President Donald Trump on Wednesday night downplayed the 2017 white supremacist rally in Charlottesville, Virginia, which led to a woman’s death, as a “peanut” compared to the demonstrations happening across the US against Israel’s actions in Gaza. Public officials have condemned incidents of antisemitism that have occurred amid the protests and raised concerns over the safety of Jewish students. Trump also accused Biden in the post of hating Israel and the Jewish people, but hating the Palestinian people even more. “I condemn the antisemitic protests, that’s why I’ve set up a program to deal with that,” Biden said when questioned about the events at Columbia University in New York. Republican House Speaker Mike Johnson visited the campus on Wednesday to call for Columbia University President Minouche Shafik to resign if she cannot bring order to the campus.
Persons: Donald Trump, Confederate, Robert E, Lee, Joe Biden, Crooked Joe Biden, ” Trump, Trump, Biden, Israel, Steven Cheung, ” Biden, Ammar Moussa, , , Mike Johnson, Minouche Shafik, – Claudine Gay, Liz Magill, CNN’s Donald Judd, Shania Shelton Organizations: CNN, Public, Trump, , Columbia University, University of Southern, University of Texas, Wednesday, Protesters, Republican, Ivy League, Harvard University, University of Pennsylvania Locations: Charlottesville , Virginia, Gaza, White, Charlottesville, New York, University of Southern California, Austin, Israel
Columbia University announced early Monday that it would hold classes remotely after a wave of agitated protests on campus over the weekend that drew widespread attention from city and national officials and raised safety concerns for some Jewish students. She urged students who do not live on campus not to travel there. The campus has been embroiled in protests since last week. On Thursday, after the students refused to stand down, the New York police arrested more than 100 of them. In the coming days, a working group of deans, university administrators and faculty members will work to bring the crisis to a resolution, Dr. Shafik said.
Persons: Minouche Shafik, Shafik Organizations: Columbia University, Columbia, New York Locations: Columbia, Israel
Andrew Aitchison | In Pictures | Getty ImagesIn case you haven't noticed, heat pumps are hot. But there are other reasons why heat pumps are fast becoming popular with homeowners. All of this is transforming Carrier Global , the nearly 100-year-old manufacturer whose founder, Willis Carrier, invented air conditioning. Heat pumps have a history dating back to 1850s The thermodynamic science behind heat pumps was developed in the 1850s, when the first ones were invented, and they've been used in homes since the 1960s. Heat pumps use electricity to transfer heat from a cool space to a warm space, making the cool space cooler and the warm space warmer.
Persons: CARR, Andrew Aitchison, Willis Carrier, David Gitlin, Carrier, Hakan Yilmaz, Yilmaz, they've, Michael Kretschmer, Sebastian Kowalski, Kretschmer, Tobie Stanger, Dave Lis, Viessmann, Milena Oliveira, Oliveira, Mark Prodan, Prodan, There's Organizations: Carrier Global, United Technologies, Solutions, East Trade Policy, Getty, International Energy Agency ., U.S . Climate Alliance, Consumer, Energy Efficiency, Carrier, M, Energy Star Locations: Gardens , Florida, Saxony, Leipzig, America, U.S, Maine, Michigan, Indian, Connecticut, New York State
Wall Street analysts on Monday issued a bearish call on Club holding Honeywell International , citing its lagging stock performance and sluggish growth prospects. We're hopeful management can get the company back on track by reshaping its massive portfolio of far-flung businesses. The analysts said investor concerns about subpar organic growth in Honeywell's massive portfolio have caused the stock to underperform its peers. Jim Cramer has acknowledged Honeywell's lackluster performance and urged CEO Vimal Kapur to reshape the company's portfolio. Honeywell International Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York.
Persons: Jim Cramer, Vimal Kapur, Jim, That's, Kapur, we've, GEHC, Jim Cramer's, Michael Nagle Organizations: Honeywell, Deutsche Bank, GE Healthcare Technologies, General Electric, GEHC, CNBC, Honeywell International Inc, New York Stock Exchange, Bloomberg, Getty Locations: New York
Heightened tensions in the Middle East, including the possibility of Iran attacking Israel, sent stocks back down and oil prices higher. If the choice is between a weak economy with lower rates or a strong economy with higher rates, we'll take the strong economy every time. Low rates may help with valuation multiples, but it's a strong economy that leads to earnings growth and that's what we, as long-term investors care about. Shelter costs are a major sticking point for overall inflation, which makes Tuesday's housing starts and building permits report a key watch item. We'll get another look at housing with the release of the March existing home sales report on Thursday.
Persons: we've, we'll, Morgan Stanley, Wells, bode, we're, Goldman Sachs, Charles Schwab, Johnson, ERIC, JB Hunt, Kinder Morgan, DR, Ally, Huntington, Jim Cramer's, Jim Cramer, Jim, Abbott, Ethan Miller Organizations: Dow Jones, Wednesday, Federal Reserve, Abbott Labs, Cardiovascular Systems, Diagnostics, Procter & Gamble, Constellation Brands, Procter, T Bank, Bank of America, Bank of New York Mellon, BK, PNC Financial, PNC, Ericsson, United Airlines, Interactive, ASML Holdings, US Bancorp, Citizens, Alcoa, CSX, Discover Financial, Nokia, Alaska Air, Blackstone BX, McLennan, Netflix, PPG Industries, Gamble, Financial, American Express, Jim Cramer's Charitable, CNBC, Las Vegas Convention, Getty Locations: Iran, Israel, China, Marsh, Las Vegas , Nevada
They immediately established an ambitious, five-year strategic plan to reposition Bombardier, with a focus squarely on its sturdiest leg: the high-flying business jet and ancillary services industry. Deliveries of business and general aviation aircraft last year topped 4,000 for the first time in more than a decade, the General Aviation Manufacturers Association reported in February. Historically, the business jet market has been cyclical, said Noah Poponak, an analyst for Goldman Sachs, "but it's been hyper-cyclical in the past 20 years." Sales of all business jets were healthy leading into 2020 — and then the Covid pandemic hit. Everyone wanted a business jet and was willing to buy whatever was out there, new or used."
Persons: headwinds, Bombardier's, Alain Bellemare, divesting, Éric Martel, Bart Demosky, Demosky, Warren Buffett's Berkshire Hathaway, CFOs, Noah Poponak, Goldman Sachs, Walter Spracklin, Spracklin Organizations: Bombardier, Boeing, Airbus, General Aviation Manufacturers Association, Challenger, Global, Companies, Honeywell, RBC Capital Markets Locations: Montreal, Warren, Covid
Tribeca has been a shareholder of Glencore for seven years and has been engaging with management for a year. The company has excellent core asset quality in copper, zinc and coal, as well as a world-leading commodity trading business. Notably, Bluebell Capital Partners agitated for a demerger of Glencore's thermal coal business in 2021. However, in 2023, after acquiring a 77% interest in Teck's steelmaking coal business, Glencore stated its intention to demerge its combined coal and carbon steel businesses. The same can be said for the divestment of the trading business.
Persons: Glencore, David Aylward, Gary Nagle, astutely, Berkshire Hathaway, Ivan Glasenberg, Ken Squire Organizations: Glencore, Tribeca Investment Partners, Tribeca, Financial Times, Australian Securities Exchange, London Stock Exchange, BHP, Rio Tinto, Bluebell Capital Partners, LSE, Rio, NYSE, 13D Locations: Switzerland, Australia, Africa, South America, Sydney, Melbourne, Singapore, London, Tribeca, Glencore, Swiss, Rio, Europe, cyclicality, Berkshire
For decades, America has followed Oprah through every major weight loss trend, and this was no exception. She later deeply regretted such a stunt, calling it a “Big, big, big, big, big, big, big mistake!”In 1994, Oprah ran her first marathon to celebrate her 40th birthday. It raised questions about Oprah taking medical weight loss drugs such as Ozempic or Wegovy. She later deeply regretted such a stunt, calling it a “Big, big, big, big, big, big, big mistake!” Charles Bennet/APWith Oprah stepping down, many people will lose their measure or point of reference for what is ahead or behind the curve as it relates to their weight and health. One might also ask what it means for the nation’s preeminent Black history museum to be economically tethered to a weight loss company.
Persons: Kellie Carter Jackson, Michael, Denise Kellen ’, , Read, Oprah Winfrey, Oprah, , Stedman Graham, Mark Wilson, Oprah’s, Winfrey, Charles Bennet, it’s Organizations: of Africana Studies, Wellesley College, CNN, WW, Marine Corp, Harpo Studios, US Marine Corps, 19th Marine Corps, AP, Hollywood, canaries, National Museum of Locations: America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNY Comptroller on Exxon divestment: We are taking the position that climate change is a riskNew York Comptroller Tom DiNapoli joins 'Squawk Box' to discuss the state's pension fund cutting some of its investments in energy companies, why he's divesting from companies including Exxon that aren't ready for the transition to a low-carbon economy, and more.
Persons: Tom DiNapoli Organizations: Exxon
The 355th Wing at Davis-Monthan Air Force Base has started retiring its A-10s. The base was the first to receive the A-10 Thunderbolt II aircraft nearly 50 years ago. AdvertisementThe first US Air Force wing to receive operational A-10 attack aircraft nearly 50 years ago has officially begun retiring its fleet and sending them to the Boneyard. AdvertisementThe Air Force has been moving toward retiring the plane since 2015 to free up funds for other projects, preferably platforms that, in the words of Air Force Secretary Frank Kendall, "scare China." Coleen Berryhill, 74th Fighter Squadron A-10C Thunderbolt II pilot, flies near a formation of B1-B Lancer and A-10 Thunderbolt II above the Philippine Sea, Nov. 9, 2022.
Persons: , BRENDAN SMIALOWSKI, Davis, Scott Mills, Clarence McRae ,, Tristan Truesdell, Razvan Radoescu, Frank Kendall, Coleen Berryhill, Mills Organizations: Davis, Monthan Air Force Base, Thunderbolt, Service, US Air Force, Air Force, 355th Wing, 354th Fighter Squadron, 309th Aerospace, Regeneration, Monthan, Fairchild, Aerospace, Getty, . Air Force, 25th Fighter Squadron, Osan Air Base, Staff, 355th Operations Group, Force, Nevada, 74th Fighter Squadron, Army Locations: Arizona, Tucson , Arizona, AFP, South Korea, China, Philippine
FRANKFURT, Germany (AP) — The Dutch parent of pioneering Russian tech company Yandex is selling its operations in the country at a steeply discounted price of just over $5 billion to its Russia-based managers and oil company Lukoil, one of the biggest deals for Western-held companies to exit Russia since the invasion of Ukraine. He subsequently condemned Russia's invasion as “barbaric.” The Nasdaq exchange suspended trading in Yandex shares days after the invasion. After the sale, Yandex NV would be left with its international businesses — employing 1,300 people — including self-driving technology and generative artificial intelligence as well as a data center in Finland. Yandex NV Chairman John Boynton said the company had faced “exceptional challenges” since the start of the war. None of the purchasers have been sanctioned, Yandex NV said, and the cash part of the transaction would be conducted in Chinese yuan outside of Russia.
Persons: Vladimir Putin's, Arkady Volozh, Dmitry Peskov, , , Alexander Chachava, Pavel Prass, Alexander Ryazanov, John Boynton, Boynton, McDonald’s, France’s Renault, Baltika Organizations: Western, Nasdaq, Yandex, Google, Yahoo, European Union, Companies, Baltika Breweries, Danone Locations: FRANKFURT, Germany, Russian, Russia, Ukraine, Moscow, Netherlands, Israel, Finland, Avtovaz, Western
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