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Citigroup analysts upgraded India to "overweight" from "neutral" in their emerging markets allocation on Friday, citing strong earnings and economic growth momentum. It also attributed India's one-year forward price-to-earnings (P/E) of 20x, which is slightly higher than the long-term averages, to a stable earnings trajectory. The brokerage remains "overweight" on India's banks, insurers, public sector enterprises, autos and capital goods companies among others. Citi downgraded China to "neutral" from "overweight", saying the recent rally in its stock markets occurred despite weakening fundamentals. Citi reiterated its "overweight" rating on Taiwan and Korea, maintaining "underweight" on Latin American countries.
Persons: Surendra Goyal Organizations: Hong, Citigroup, Citi, Jefferies, Asia Locations: India, China, Asia Pacific, Japan, Taiwan, Korea
According to the business chamber's survey, just 13% view China as a top investment destination — a record low. EU firms' China operations are 'decoupling' from their headquartersIt's not just the gloomy economy and slowing demand that are weighing on investor confidence. EU firms have also started to "decouple" their operations in China as the number of foreign nationals employed locally falls. It also makes it increasingly difficult for the China operations of the EU firms to get approval from their headquarters. The European business chamber called for "full access to legitimate and trustworthy sources of economic data" in its report.
Persons: , Xi Jinping, It's, Jens Eskelund Organizations: Service, European Union Chamber of Commerce, Business Locations: Europe, France, Serbia, Hungary, China
The Dublin-based parent company of FanDuel launched a secondary listing of its shares on the New York Stock Exchange on Jan. 29. Shareholders have since voted to making the NYSE the primary listing for the stock rather than London, and that change is slated to take effect May 31. UBS analyst Ben Shelley said in a May 9 note to clients that the primary listing change could help close those gaps. Flutter is not the only company in recent years to shift its primary listing to the U.S., and the track records of those companies could be a positive sign for Flutter. UBS pointed to building materials companies CRH — which transitioned its primary listing to the NYSE in September 2023 — and Ferguson — which made the switch in May 2022 — as examples.
Persons: FanDuel, Ben Shelley, , Ferguson, Shelley, Paddy Power Organizations: UBS, The, New York Stock Exchange, NYSE, Penn Entertainment, MGM Resorts International, DraftKings, MGM International Locations: U.S, The Dublin, London
This is in part the doing of so-called "golden visas," hugely popular residency visas for foreign investors. And they purchased more Portuguese golden visas than any other nationality in 2022. Related storiesBut as Portugal has experienced a worsening housing affordability crisis, Portuguese public opinion on golden visas has soured. Last year, the country changed the terms of its golden visa program to exclude real estate investment. Other southern European countries are following suit, similarly pointing to skyrocketing real estate prices.
Persons: , They're, they're, João Pereira dos Santos, Pereira dos Santos, Nuno Fazenda, Holger Schmieding, Schmieding, David Zorrakino Organizations: Service, Business, The New York Times, School of Economics, Finance, Queen Mary University of London, State, Tourism, Trade, Services, Bloomberg, Berenberg Bank, Getty, European Central Bank, Paris Locations: Greece, Portugal, Tourism, Lisbon, Athens, Spain, Southern Europe, Portuguese, London, Ramblas, Barcelona, Catalonia, Europe, Germany, Netherlands, France
The ballistic missiles rolled through Red Square, the fighter jets zipped overhead and rows of foreign dignitaries impassively looked on. Russia’s annual commemoration of the end of World War II presented a traditional ceremony on Thursday cherished by millions of Russians, a reflection of President Vladimir V. Putin’s broader attempts to project normalcy while resigning the population to a prolonged, distant war. At last year’s Victory Day celebration, as Russia struggled on the battlefield, Mr. Putin said the country was engaged in a “real war” for survival, and accused Western elites of seeking the “disintegration and annihilation of Russia.” On Thursday, he merely referred to the war in Ukraine once, using his initial euphemism for the invasion, “special military operation.”And on Russia’s most important secular holiday, he dedicated more time to the sacrifices of Soviet citizens in World War II than to the bashing of modern adversaries. Still, he did not ignore those adversaries entirely, reviving familiar criticisms and grievances about what he says are attempts to undermine Russia and accusing the West of “hypocrisy and lies.”
Persons: impassively, Vladimir V, Putin, Locations: Russia, Ukraine
President Biden’s warning over halting weapons supplies has tightened the bind that Prime Minister Benjamin Netanyahu of Israel faces, as he is increasingly caught between international calls for a cease-fire and right-wing Israeli demands to proceed with a wide-scale invasion of Rafah, in southern Gaza. Mr. Netanyahu, who has insisted over American objections that invading Rafah is necessary, now finds the U.S.-Israel relationship at a moment of crisis that could affect how he conducts the next phase of the war against Hamas. On Thursday, the Israeli leader, alluding to Mr. Biden’s remarks, said in a statement: “If we need to stand alone, we will stand alone. I have said that, if necessary, we will fight with our fingernails. “If we lose the United States with the unbelievable friendship of President Biden, it won’t be forgiven,” he added.
Persons: Biden’s, Benjamin Netanyahu, Israel, Netanyahu, God’s, Biden, , Amos Gilead Organizations: Hamas, United, United Nations Locations: Rafah, Gaza, U.S, Israel, United States
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,
Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . And the knock-on effects extend beyond TikTok, impacting everything from President Joe Biden's reelection campaign to Apple and Tesla . AdvertisementTikTok, Tyler Le/BIThe TikTok-US government fight pits two pillars of American society against each other: free speech and national security. 3 things in businessDeliormanli/Getty, Olivier Verriest/Getty, Andrei Akushevich/Getty, Tyler Le/BIIn other newsAdvertisementWhat's happening todayToday's earnings: Airbnb, Uber, and other companies are reporting .
Persons: , swiping, Tyler Le, ByteDance, Dan Whateley, Geoff Weiss, Joe Biden's, It'll, TikTok, hasn't, haven't, Fallon, Jane Fraser isn't, Fraser, Piper Sandler, Michael Kantrowitz, Josh Edelson, Isabel Fernandez, Mark Zuckerberg, Zuckerberg, Getty, Olivier Verriest, Andrei Akushevich, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Apple, Chinese Communist Party, Big Tech, Getty, Pujol, Associated Press, Facebook Locations: France, China, Beijing, Citadel, Millennium, AFP, New York, London
Read previewA more intense cold war between the US and China would have a potentially dire impact on the global economy, according to an official from the International Monetary Fund. Speaking at Stanford University on Tuesday, IMF deputy managing director Gita Gopinath said that while US-China tensions haven't yet devolved into a full-blown cold war, such an escalation would be a major headwind to global growth. Advertisement"The emergence of these 'connector' countries—perhaps most notably Mexico and Vietnam—may have helped cushion the global economic impact of direct trade decoupling between the U.S. and China," Gopinath said. Zooming out, Gopinath highlighted that geopolitical instability in regions like the Middle East and turmoil stemming from the Russia-Ukraine war has sparked trade turbulence unseen since the Cold War. The IMF emphasized that trade fragmentation carries a higher price tag today, with the goods trade-to-GDP ratio now at 45% compared to 16% at the onset of the Cold War.
Persons: , Gita Gopinath, Gopinath Organizations: Service, International Monetary Fund, Stanford University, Tuesday, Business, IMF, U.S Locations: China, Mexico, Vietnam, Russia, Ukraine
CNN —The grieving parents of two Australian brothers killed on a surfing trip in Mexico alongside their American friend said their deaths had made the world a “darker place,” days after their sons’ bodies were identified. On Sunday, Mexican authorities confirmed their identities as the three missing friends with the help of relatives who flew out help investigators. Mexican authorities have vowed to investigate the murders, saying the surfers may have been attacked in an attempted vehicle robbery. Mexico’s homicide rate is among the highest in the world, and more than 100,000 people remain missing in the country. Studies show only around seven percent of murders in Mexico are ever solved.
Persons: Jake, Callum Robinson, Jack Carter Rhoad, , Debra Robinson, , Carter Rhoad, Martin, Callum, “ Callum, Debra, Callum’s, Penny Wong, Jesús Gerardo “, “ El Organizations: CNN, Seven Network Australia, Australia’s, team, Seven, Department of Foreign Affairs, Trade, Australian Federal Police, Australian Embassy Locations: Mexico, Ensenada, Tijuana, San Diego, Perth, Australia, United States, Baja California
CNN —An American soldier arrested in Russia on suspicion of theft will be detained for two months, a Russian district court said Tuesday. A Russian Foreign Ministry representative told Russian state media TASS on Tuesday that the case is “not related to politics or espionage.”“As far as we understand, this is a purely domestic crime. The arrest comes at a time of huge tension between the US and Russia as the war with Ukraine continues. The soldier was stationed in South Korea when he took leave to travel to Russia on his own, according to another US official. “I am deeply concerned by reports that a US Army officer has been detained in Russia,” House Foreign Affairs Committee Chairman Michael McCaul said Monday.
Persons: , Gordon Black, Evan Gershkovich, Marine Paul Whelan, Michael McCaul, “ Putin, , ” CNN’s Natasha Bertrand, Oren Liebermann, Kylie Atwood Organizations: CNN, Russian Foreign Ministry, TASS, Ministry of Foreign Affairs, US State Department, Street, Marine, US Army, , Foreign, State Department Locations: American, Russia, Russian, Pervomaisky, Vladivostok, Ukraine, South Korea, Cavazos, Texas
Investment analysts are coalescing around a few potential winners in China's car market after a 10-day auto show in Beijing put the ferocious competition on full display. "This year, we notice[d] a meaningful amount of foreign visitors who are Chinese brands' overseas dealers or importers," JPMorgan analysts said. Open to the public After two days of restricting access only to business and media, the Beijing auto show opened to the general public. Jefferies' analysts estimate the policy could boost China's passenger vehicle sales by 1 million units this year, evenly split between electric and gas-powered models. The analysts highlighted their Chinese car stock picks as Leapmotor, Geely and BYD, all rated buy and listed in Hong Kong.
Persons: Nick Lai, BYD, Tesla, hasn't, Elon Musk, Nezha, Asensing, Zhang Haizhou, Morgan, Lei Jun, Xiaomi, Jefferies, Bank of America Merrill Lynch, Leapmotor, — CNBC's Michael Bloom Organizations: Asia Pacific, JPMorgan, Porsche, Apple Vision, Brands, Mazda, Auto, Morgan Stanley Asia Pacific, EV, Bank of America, Trade, Ministry of Commerce, Volkswagen, VW, Toyota Locations: Beijing, China, Asia, Europe, Nio, Zhejiang, Hong Kong
CNN —Israel’s Prime Minister Benjamin Netanyahu says that the operations of Qatar-based news network Al Jazeera will be closed in the country. Netanyahu said on X in early April that he intended “to act immediately in accordance with the new law” to stop the outlet’s activity in the country. Netanyahu’s government has long complained about Al Jazeera’s operations, alleging anti-Israeli bias. The move comes as negotiators met in Cairo on Saturday, in a bid to secure a ceasefire and hostage deal. Qatar has played a key role in ceasefire negotiations in the on-going war.
Persons: CNN —, Benjamin Netanyahu, Netanyahu, , Al, Al Jazeera, Gaza –, Organizations: CNN, CNN — Israel’s, Al, Human Rights Watch, Protect Journalists Locations: Qatar, Israel, Gaza, Cairo
The Ukrainian government says there are thousands of people like Dima, civilians arrested by Russia who have been held in arbitrary detention for years. In the early weeks of the war, Russian troops took over their home, parking their tank in the garden and stealing anything of value. Following the full-scale invasion of Ukraine, Russia opened a second pre-trial detention facility in Simferopol, SIZO No. Detained civilians, however, are stuck in limbo. Mariana Checheliuk's photos were among those displayed by relatives of detained civilians at a recent protest in Kyiv.
Persons: Ukraine CNN — “, , Vasyl Khyliuk, Dmytro Khyliuk, Dima, , Ivana Kottasova, Dmytro Lubinets, Lubinets, ” Achille Després, Cross, it’s, Vasyl, ” Vasyl, Halyna, , Dmytro Khyliuk’s, Russia —, Khyliuk, Anastasiia, MIHR, Pantielieieva, CNN “ We’ve, ” Pantielieieva, Yulia Khrypun, Serhii, , Serhii Khrypun, Yulia, ” Yulia, Mariana Checheliuk, Mariana, Natalia Checheliuk, ” Natalia, ’ ” Natalia, Alexander Ermochenko, Mariana –, Mila, Natalia, Volodymyr, Zelensky, Mariana Checheliuk's Organizations: Ukraine CNN, Ukrainian Independent, Agency, Kyiv, CNN, Russian Federation, International Committee, Ukrainian, Organization for Security, Getty, Media Initiative, Human Rights, Penal, Russian Investigative Committee, Russian Prison Service, ICRC, Russian Ministry of Defense, Ukrainian Defense Intelligence, Russian Federal Security Service, Russian National Guard, Directorate, General Staff, Serhii, Crimean Human Rights, Maxar Technologies, Volunteers, Russia, United Nations Children’s Fund, UNICEF, Security Service of Ukraine, Ukraine’s, Ministry of Internal Affairs, Ministry of Foreign Affairs, National Information Bureau, Ministry, , Headquarters Locations: Kyiv, Ukraine, Dima, Ukrainian, Kozarovychi, Russia, Geneva, Europe, Novozybkov, Russia’s Bryansk, Russia’s Vladimir, Mordovia, Russian, Moscow, Bryansk, Nove, Tokmak, Melitopol, Olenivka, Kursk, Crimea, Kamensk, Russia’s Rostov, Yulia Khrypun Russia, Chonhar, Kherson, Crimean, Crimean Tatars, Simferopol, SIZO, Irkutsk, Krasnoyarsk, Siberia, , Mariupol, Zaporizhzhia, Bezimenne, Donetsk People’s Republic, Azovstal, Donetsk, Taganrog, Kamyshin, Russia’s Volgograd, Qatar
CNN —Turkey has halted all import and export transactions with Israel in protest over the war in Gaza. “All import and export transactions related to Israel, including all products, have been stopped,” Turkey’s trade ministry said in a statement Thursday. Thursday’s measures by Turkey follow the introduction last month of restrictions on its exports to Israel after the Turkish foreign minister accused Israel of denying a request to airdrop aid to Gaza. Turkey is one of the biggest donors of aid to Gaza, according to Israel’s Coordinator of Government Activities in the Territories. Israeli attacks in Gaza have killed more than 34,600 Palestinians as of May 1, according to the territory’s Ministry of Health.
Persons: , , Recep Tayyip Erdogan, Israel Katz, Katz, Israel, Turkey’s, Eyad Organizations: CNN, Reuters, Israel’s Ministry of Foreign Affairs, Hamas, territory’s Ministry of Health Locations: Turkey, Israel, Gaza, “ Turkey, “ Israel, Territories, Republic of Turkey, Gaziantep
NATO is accusing Russia of "malign activities" in its member states, including Germany and the UK. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe North Atlantic Treaty Organization on Thursday singled out Russia in a statement condemning "recent malign activities" in its member states. The treaty organization said these individuals' actions were part of an "intensifying campaign of activities" carried out by Russia. Amid the heightened tensions, NATO members have increasingly highlighted what they say are Russian clandestine activities in their own governments and institutions.
Persons: , Emmanuel Macron Organizations: NATO, North Atlantic Council, Service, Atlantic Treaty Organization, North Atlantic, Moscow, Russia's Ministry of Foreign Affairs, Business Locations: Russia, Germany, Czechia, Estonia, Latvia, Lithuania, Poland, Moscow, Ukraine, , Kyiv, Russian, London, China
Read previewAn American veteran who fought in Ukraine said the US military spent so long focused on fighting insurgents that it forgot "what it means to actually fight a war." Libkos/Getty Images"We've gotten so used to the idea of just fighting guerilla wars and fucking fighting terrorists and everything else that we kind of forgot what it means to actually fight a war," he said. Some Ukrainian soldiers trained abroad said the training they received was not suited to the kind of fighting needed for this war. Ukraine is fighting in conditions very different from what the US and its NATO allies have fought through in recent decades. He said that fighting to clear Russian trenches made him feel like he was "fighting World War I."
Persons: , Libkos, it's, I've, haven't Organizations: Service, Business, NATO, Russia, Army, REUTERS, State Emergency Service, US, US Army Locations: Ukraine, Iraq, Afghanistan, Kharkiv, Bakhmut, Europe, Russia, China, Ukrainian, Ukraine's Kharkiv, readying, Avdiivka, Ukraine's Donetsk
An article on a fake online news outlet that Meta has linked to Russia’s information operations attributed the clashes unfolding on American college campuses to the failures of the Biden administration. A newspaper controlled by the Communist Party of China said the police crackdowns exposed the “double standards and hypocrisy” in the United States when it comes to free speech. On X, a spokesman for Iran’s Ministry of Foreign Affairs, Nasser Kanaani, posted a cartoon of the police arresting a young protester in the guise of the Statue of Liberty. As protests over the war in Gaza have spread across the United States, Russia, China and Iran have seized on them to score geopolitical points abroad and stoke tensions within the United States, according to researchers who have identified both overt and covert efforts by the countries to amplify the protests since they began. There is little evidence — at least so far — that the countries have provided material or organizational support to the protests, the way Russia recruited unwitting Black Lives Matter protesters to stage rallies before the 2016 and 2020 presidential elections.
Persons: Biden, Nasser Kanaani, Organizations: Communist Party of, Iran’s Ministry of Foreign Affairs Locations: Communist Party of China, United States, of, U.S.A, Gaza, Russia, China, Iran
CNN —Colombia says it will break diplomatic relations with Israel on Thursday over its actions in Gaza. Colombian President Gustavo Petro made the announcement at a rally at the Bolívar Square in Bogotá on Wednesday. Its devastating response has since killed more than 34,000 people, according to the Palestinian health ministry. Colombia's President Gustavo Petro at a rally in Bogota, Colombia, on May 1, 2024. Bolivia cut diplomatic ties with Israel last year, citing “crimes against humanity committed against the Palestinian people” in the wake of Israel’s war with Hamas.
Persons: Gustavo Petro, Petro, ” Israel, ” Katz, Luisa Gonzalez Organizations: CNN, Wednesday, Reuters CNN, Colombian Foreign Ministry, Israel, Hamas Locations: Colombia, Israel, Gaza, Colombian, Bogotá, Bogota, Bolivia
The United States and China may be at odds these days over Russia’s war in Ukraine, cheap Chinese exports, tensions with Taiwan and matters of human rights. But when it comes to giant pandas, diplomacy is back. The Ministry of Foreign Affairs in China confirmed this week that two giant pandas — Yun Chuan and Xin Bao — would be sent from the China Conservation and Research Center to the San Diego Zoo. The zoo has a longstanding partnership with China on panda conservation research, and a ministry spokesman said the upcoming exchange would focus on prevention and treatment of major diseases and habitat protection. It is not clear when the new pandas will arrive, but the agreement should allay concerns that the recent tensions between the United States and China would threaten the beloved tradition of panda diplomacy.
Persons: Yun Chuan, Xin Bao —, Lin Jian Organizations: Ministry of Foreign Affairs, China Conservation and Research Center, San Diego Zoo Locations: States, China, Ukraine, Taiwan, U.S, United States
Cash App, introduced in 2013, allows users to send and receive money instantaneously among themselves and to buy stocks and Bitcoin. As of December, Cash App had 56 million active transacting accounts and $248 billion in inflows during the previous four quarters, the company said. (Merchants are considered customers at Square, while users are considered customers at Cash App.) Cash App is not a bank, but it uses external banking partners to conduct various services. On March 29, Sutton Bank settled a consent order with the Federal Deposit Insurance Corp. that echoed the whistleblowers' allegations.
Persons: Jack Dorsey, Block, Venezuela —, Edward Siedle, Prosecutors, Cash, OFAC, Lawrence Summers, Sharon Rothstein, Summers, Rothstein, Lord Paul Deighton, Goldman Sachs, Deighton, Dorsey, Banks, Sutton, James Booker Organizations: Twitter, Southern, of, NBC, NBC News, Securities and Exchange Commission, Block, Foreign Assets Control, U.S . Treasury, Cash, OFAC, Goldman, Financial Market, Bank of Lithuania, Payments Lithuania UAB, PayPal, Consumer Finance Protection Bureau, Sutton Bank, Federal Deposit Insurance Corp, FDIC Locations: of New York, Cuba, Iran, Russia, Venezuela, Ohio, Sutton
(Photo by Davit Kachkachishvili/Anadolu via Getty Images)Tear gas, stun grenades and water cannons were reportedly used by riot police against protesters in Georgia's capital Tbilisi as demonstrations over a so-called "foreign agent" bill escalated. Clashes lasted until late into Tuesday night, with police trying to disperse protesters which the Georgian internal ministry said were breaking demonstration laws by blocking entrances and exits to the country's parliament. "Totally unwarranted, unprovoked and out of proportion use of force ongoing in Tbilisi against peaceful protesters," Georgia's President Salome Zourabichvili said in a post on social media platform X. The bill would force non-governmental organizations, campaign groups and media platforms who receive at least 20% of funding from abroad to register as "foreign agents." They would also be under close scrutiny by Georgia's justice ministry and be made to share sensitive details with authorities, or be faced with large fines.
Persons: Davit Kachkachishvili, Salome Zourabichvili Organizations: Getty Locations: Tbilisi , Georgia, Anadolu, Georgia's, Tbilisi
US stock futures retreated on Tuesday as Wall Street awaited key earnings reports and a Fed update. AdvertisementStocks drifted lower in premarket trading on Tuesday as investors held their breath for marquee earnings reports and a critical update from the Federal Reserve. "If that's the case, we could see a further meltdown in Fed rate cut expectations. The next stop is no rate cut in 2024, which would be a cold shower for the bulls," she added. "If the Fed expectations turn undesirably hawkish, we could see the equity rally stall," Ozkardeskaya said.
Persons: Eli Lilly, McDonald's, , Jerome Powell, Ipek Ozkardeskaya, it's, undesirably, Ozkardeskaya Organizations: Starbucks, Service, Federal Reserve, Dow Jones Industrial, Nasdaq, Treasury, Swissquote Bank
Mali said on Monday that it had killed a high-value Islamist commander who helped lead a 2017 attack in which four American and four Nigerien soldiers were killed alongside an interpreter. The U.S. State Department had put a $5 million bounty on the head of the commander, Abu Huzeifa — a member of an affiliate of the Islamic State — after his participation in an attack in Tongo Tongo, Niger, on American Green Berets and their Nigerien comrades. At that time, the attack was the largest loss of American troops during combat in Africa since the “Black Hawk Down” debacle in Somalia in 1993. In a post on social media on Monday, Mali’s armed forces said that on Sunday they had “neutralized a major terrorist leader of foreign nationality during a large-scale operation in Liptako” — a tri-border region that contains parts of Mali, Burkina Faso and Niger.
Persons: Abu Huzeifa —, Organizations: Nigerien, U.S . State Department, Islamic, American Green Berets Locations: Mali, Tongo Tongo, Niger, Africa, Somalia, Liptako, Burkina Faso
CNN —An unnamed woman was denied a top-secret security clearance this year due to being a “close” relative of an authoritarian dictator of an unnamed country, according to a publicly available document from the Defense Department’s Office of Hearings and Appeals. The judge said that Country X “supports international terrorism, and it conducts cyberattacks and espionage against the United States.”“Applicant was born a citizen of Country X,” the record says. “A close family member (cousin, aunt, uncle, niece, or nephew) is the dictator of Country X. Applicant’s parents and their children, including Applicant, immigrated to the United States in the 1990s when she was young. Administrative decisions on security clearance eligibility are regularly posted publicly by the Defense Office of Hearings and Appeals. “One thing people forget is it’s not like you get the keys to the kingdom,” Posard said of a secret clearance, which is the second lowest level security clearance available.
Persons: , , , , Edward Loughran, credibly, Loughran, Marek Posard, Kim Jong, ” Posard, ” Loughran, Posard, it’s, It’s Organizations: CNN, Defense Department’s, Defense, RAND Corporation, The Washington Locations: United States, American, Country, North Korea, DPRK, Cuba, Iran, Syria, The, Loughran
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