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Spanish court puts Iberdola CEO under investigation in alleged spying case
  + stars: | 2021-06-23 | by ( ) www.cnbc.com sentiment -1.00   time to read: 1 min
Ignacio Galan, chairman and chief executive officer of Iberdrola SA, gestures whilst speaking during a panel session at a Bloomberg event on day two of the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, Jan. 22, 2020. Spain's High Court on Wednesday placed Iberdrola Chief Executive Ignacio Sanchez Galan under investigation as part of a probe into an alleged spying case dating back to 2004-2017, a court document showed. The decision follows a request by the anti-corruption public prosecutor a few days ago in connection with Galan's alleged dealings with former police chief Jose Manuel Villarejo. Iberdrola was not immediately available to comment.
Persons: Ignacio Galan, Ignacio Sanchez Galan, Galan's, Jose Manuel Villarejo, Iberdrola Organizations: Iberdrola SA, Bloomberg, Economic, Spain's Locations: Davos, Switzerland
Now, more so-called "long COVID" victims are coming for rehabilitation and fill 5-10% of its 158 beds, Dr. Marc Spielmanns, its medical director, said. Patients recuperate from COVID-19 on sun-soaked balconies where tuberculosis (TB) patients rested decades ago. Long COVID includes not just respiratory difficulties and fatigue, but also anxiety and depression. read moreThe United States and Britain rely largely on out-patient therapy for their long COVID rehab. "That is responsible for them being quick out of the gate in identifying long COVID as an opportunity."
Persons: Klinik Wald, Marc Spielmanns, Spielmanns, Wald, COVID, Dr, Hans, Werner Duchna, pulmonologist, Benito Mussolini, Melissa Heightman, Alberto Esquenazi, Esquenazi, Thomas Mann's, Flurin Condrau, Klaus, Michael Kuehne, Davos's, Condrau, Bjoern Janssen, Walenstadtberg, Janssen, John Miller, Emilio Parodi, Philippa Fletcher Organizations: REUTERS, U.S, World Health Organization, Federal Health Ministry, Swiss Army, NHS, Covid, Force, American Medical Rehabilitation Providers Association, University of Zurich, Thomson Locations: Davos, Switzerland, WALD, DAVOS, Europe, Zurich's, Lake Zurich, COVID, United States, Germany, Klinik, Swiss, Italian, Sondalo, Heiligendamm, Britain, NHS England, Philadelphia, Zurich, Milan
Fact Check-Genomics England is owned by the UK Department for Health
  + stars: | 2021-06-16 | by ( Reuters Fact Check | ) www.reuters.com sentiment -1.00   time to read: +2 min
A video has confused some social media users into thinking that Britain’s health minister personally owns a genomic research company. However, it is the UK health ministry that owns Genomics England, not Hancock personally. Genomics England is a company (here) wholly owned by the Department for Health and Social Care (here). Being a shareholder of Genomics England is therefore not a conflict of interest, it is part of the job. Matt Hancock is the shareholder of Genomics England through his job as health minister.
Persons: Matt Hancock, Hancock, Jeremy Hunt, Boris Johnson’s, Read Organizations: Genomics, Social, National Health Service, Department for Health, Reuters Locations: Davos, Switzerland, Genomics, Genomics England
Here is where inflation stands as the Fed meets.
  + stars: | 2021-06-16 | by ( Jeanna Smialek | ) www.nytimes.com + 0.00   time to read: +10 min
Here is where inflation stands as the Fed meets. Jerome H. Powell, the Fed chair, is expected to continue predicting that inflation pressures will fade when he holds a news conference Wednesday afternoon. New York Fed Survey of Consumer Expectations, inflation expectation for three years from now: 3.6 percent, up from 3 percent at the start of the year. The Fed targets 2 percent inflation on average, and officials had been hoping to coax inflation slightly higher so that price gains average their goal rate after years of weakness. But investors grew concerned about Lordstown’s prospects after a small investment firm, Hindenburg Research, published a report in March that raised questions about interest in the company’s trucks.
Persons: Jerome H, Powell, Stefani Reynolds, Price, Jerod Harris, VidCon, YouTubers, thoughtfully, , Lordstown, Megan Jelinger, Lordstown Motors, Steve Burns, Rich Schmidt, , Angela Strand, Burns, influencers ”, Schmidt, ” Mr, ” Lordstown, Burns’s, Motors, Donald J, Trump Organizations: Fed, The New York Times, Federal, Labor Department, University of Michigan, Federal Reserve Bank of New, Survey, Consumer, New York Fed Survey, YouTube, Anaheim Convention, Variety, Lordstown Motors, Agence France, Lordstown, Securities and Exchange Commission, Automotive Press Association, Tesla, White, Hindenburg Research Locations: United States, lockdowns, Washington, VidCon, Davos, Anaheim, California, Detroit, Lordstown , Ohio
Jamie Dimon believes cash is king – at least for the time being. JPMorgan Chase has been "effectively stockpiling" cash rather than using it to buy Treasuries or other investments because of the possibility higher inflation will force the Federal Reserve to boost interest rates, Dimon said Monday during a conference. The biggest U.S. bank by assets has positioned itself to benefit from rising interest rates, which will let it buy higher-yielding assets, he said. "If you look at our balance sheet, we have $500 billion in cash, we've actually been effectively stockpiling more and more cash waiting for opportunities to invest at higher rates," Dimon said. "I do expect to see higher rates and more inflation, and we're prepared for that."
Persons: Jamie Dimon, JP Morgan Chase, , JPMorgan Chase, Dimon, we've, we're Organizations: Jan, JPMorgan, Federal Reserve, Deutsche Bank, Big Tech, PayPal, Investment Locations: Davos, Switzerland, U.S
Singapore PM says discussed restarting travel links with Australia PM
  + stars: | 2021-06-10 | by ( ) www.cnbc.com + 0.99   time to read: 1 min
Singapore's Prime Minister Lee Hsien Loong during a panel session at the World Economic Forum in Davos, Switzerland, on January, 22, 2020. Singapore's Prime Minister Lee Hsien Loong said on Thursday he had discussed with his Australian counterpart Scott Morrison the possibility of restarting travel between the two countries. "We discussed how two-way travel between Singapore and Australia can eventually resume in a safe and calibrated manner when both sides are ready," Lee said at a virtual news briefing after a meeting of the two leaders.
Persons: Lee Hsien Loong, Scott Morrison, Lee Organizations: Singapore's, Economic, Australian Locations: Davos, Switzerland, Singapore, Australia
"Get ready for a lot of 'foreign policy for the middle class,'" a White House official said. Biden has aimed to execute a domestic foreign policy, one that ties refurbishing a bridge in northwest Ohio and expanding broadband to rural Indiana to countering threats from China and Russia. While former President Barack Obama's trips abroad centered on sweeping, thematic speeches outlining U.S. policy, Biden plans no major addresses. Biden's attempts to link foreign policy to his domestic agenda got a lift when G7 nations agreed to a 15 percent global minimum tax rate. Still, he said, Moscow is one challenge for which Biden's domestic foreign policy approach might face its limits.
Persons: Joe Biden, Obama, Biden, Donald Trump's, America's, Barack Obama's, He's, , Anita Dunn, Trump, Trump's, Putin, Vladimir Putin, Jake Sullivan, Biden's, Michael McFaul, McFaul Organizations: WASHINGTON, Senate Foreign Relations Committee, White, U.S, Covid, Washington Post, NATO, Trump, America, Economic, Initiative, Russia, Biden Locations: Ohio, Indiana, China, Russia, Donald Trump's America, America, Washington, Brussels, It's, Canada, Mexico, Davos, Switzerland, England, Cornwall, Geneva, U.S, Moscow
Katerina Tikhonova is widely believed to be one of the daughters of Russian President Vladimir Putin. Tikhonova, 34, gave a speech at Russia's equivalent of Davos on Friday. A woman widely known as Vladimir Putin's daughter attended Russia's equivalent of Davos last week — but nobody there acknowledged her family relations for fear of getting in trouble with the Kremlin, The Washington Post reported. On Friday, Tikhonova spoke at the St. Petersburg International Economic Forum — Russia's version of Davos, The Post reported. Tikhonova speaking at the St. Petersburg International Economic Forum in Russia on June 4, 2021.
Persons: Katerina Tikhonova, Vladimir Putin, Tikhonova, Putin, Vladimir Putin's, Maria Vorontsova, Lyudmila Putin, He's, Katerina Vladimirovna, Evgenia Novozhenina, Reuters Tikhonova Organizations: Kremlin, The Washington Post, St ., Economic, The Post, Reuters, Institute for Mathematical Research, Systems, Moscow State University, Post Locations: Davos, Russia, St, St . Petersburg, Petersburg
Russian president Vladimir Putin has at least two, possibly three, daughters he rarely talks about. He has two adult daughters with his ex-wife Lyudmila Shkrebneva: Maria, 36, and Katerina, 34. Katerina spoke at a major conference in June 2021, but nobody acknowledged who her father is. Russian president Vladimir Putin, 68, has tried to keep his personal life almost entirely out of the public eye. Rumors have swirled for years that Putin has two daughters with his ex-wife, and that a girlfriend may have had another daughter in 2015.
Persons: Vladimir Putin, Lyudmila Shkrebneva, Maria, Katerina, Putin, Katerina Tikhonova, Pat Ralph Organizations: St ., Economic Locations: St, St . Petersburg, Russia, Davos
Russian President Vladimir Putin delivers a speech during a session of the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, June 4, 2021. Anatoly Maltsev/Pool via REUTERSRussia may provide coronavirus vaccinations for a fee to foreigners who travel to the country, President Vladimir Putin told an economic forum on Friday, as Moscow seeks to enhance its global reputation with its Sputnik V vaccine. Addressing the St Petersburg International Economic Forum (SPIEF), Putin said many people are coming to Russia to get a shot. The health minister said last week around 17 million of Russia's 144 million people had received at least one dose. Moscow pitches the gathering as the Russian version of the annual World Economic Forum in Davos, Switzerland.
Persons: Vladimir Putin, Anatoly Maltsev, Putin, Igor Sechin, Bob Dudley, Bernard Looney Organizations: St ., Economic, REUTERS, Sputnik, St Petersburg, World Health Organization, European Medicines Agency, European Union, Reuters, BP Plc, Thomson Locations: St, St . Petersburg, Saint Petersburg, Russia, REUTERS Russia, Moscow, Davos, Switzerland, Rosneft
Russian President Vladimir Putin waves while walking along Red Square after a military parade on Victory Day, in central Moscow, Russia May 9, 2021. REUTERS/Evgenia Novozhenina/File PhotoThousands of officials and executives will gather in person in St Petersburg this week - and President Vladimir Putin will give a speech - as the annual economic forum Moscow pitches as "the Russian Davos" returns despite the COVID-19 pandemic. For years, Russia has used the St Petersburg International Economic Forum (SPIEF) to try to attract foreign investment, discuss economic policy and project an image that it is open for business. On Tuesday, St Petersburg reported 817 new coronavirus cases in the last 24 hours and 38 deaths. The World Economic Forum, with which Russia compares its conference, replaced this year's annual event in the Swiss ski resort of Davos with a virtual conference in January.
Persons: Vladimir Putin, Evgenia, Roscongress, Putin, Sheikh Tamim bin Hamad, Sebastian Kurz, West, Patrick Pouyanne, Akbar Al Baker, Prince Abdulaziz bin Salman Organizations: REUTERS, St Petersburg, Economic, St, Sputnik, Qatar, Kremlin, Thomson Locations: Moscow, Russia, St Petersburg, Russian Davos, Thani, Austrian, Crimea, Ukraine, Saudi, Swiss, Davos, Singapore
Fabrice Cofrini | AFP | Getty ImagesCompanies should be paying more for the pollution they generate, says Mark Carney, the United Nations special envoy on climate action and finance. The catastrophic impacts of climate change will largely fall on future generations, and the current generation … has few direct incentives to solve it. Climate summit COP26Politicians are set to meet in the U.K. in November for the 26th UN Climate Change Conference of the Parties (COP26) to discuss coordinated action. The meeting will also put in place elements so that "every private financial decision can take climate change into account," Carney said. "That's why we're pushing, globally, to have a common set of reporting around the risks related to climate change that companies face."
Persons: Mark Carney, Fabrice Cofrini, Carney, They've, Banks, Tapping Organizations: Economic, AFP, Getty, United Nations, International Monetary Fund, INSEAD Hoffmann Global Institute for Business, Society, IMF, Bank of England, Bank of Canada, Mark Carney United Nations, UN, Glasgow Financial Alliance, Programme Locations: Davos, Paris
Does Davos Have a Future in a Post-Pandemic World?
  + stars: | 2021-05-27 | by ( Adam Lashinsky | ) www.businessinsider.com + 0.00   time to read: +9 min
Predicting the demise of the World Economic Forum annual meeting in Davos is nearly as old as the five-decade-old event itself. Now questions abound, not only about the future of Davos, but also the whole class of pricey, elitist, corporate-financed confabs WEF pioneered. After that, WEF pushed back the Singapore event twice, first by two weeks, which would have been around now, then to August. He claims demand was strong for the Singapore event but that the pandemic made things too unpredictable. Annual WEF meeting in Davos ReutersWEF likes to portray itself as more than its Davos meeting and as more than an event host.
Persons: Klaus Schwab, I've, WEF, Han Zheng, Jamie Dimon, Schwab, Joe Biden, Vladimir Putin, Says Schwab, Adrian Monck, Davos Reuters WEF, it's, Monck, Beverly Hilton, Milken, Jay Herratti, Pat Gelsinger, Gelsinger, Adam Selipsky, He'll, Andy Jassy, Jeff Blackburn, Blackburn didn't, Steve Jobs, Adam Lashinsky Organizations: Süddeutsche Zeitung, Davos Reuters, TED, Global Conference, Beverly, WEF, Intel, VMware, Amazon Web Services, Software, Salesforce, Jassy, Amazon, MGM, Apple, Fortune Locations: Davos, Swiss, Switzerland, China, Lucerne, Singapore, US, Monterrey , CA, Los Angeles
Organizational psychologist Adam Grant says leaders are often bad judges of character. Grant says leaders often promote "takers" even though "givers" are better performers. See more stories on Insider's business page. Adam Grant is an organizational psychologist and professor at Wharton. He sat down with Business Insider's Sara Silverstein to discuss what people misunderstand about getting power.
Persons: Adam Grant, Grant, Insider's Sara Silverstein, Wharton Organizations: Wharton, Economic Locations: Davos
Capital Calls: BlackRock tests Exxon and self too
  + stars: | 2021-05-25 | by ( ) www.reuters.com sentiment -0.98   time to read: +1 min
Laurence D. Fink, chairman and CEO of BlackRock, attends the World Economic Forum annual meeting in Davos, January 25, 2018. BlackRock (BLK.N) will back three of a rebellious shareholder’s director nominees at $250 billion Exxon Mobil’s (XOM.N) annual meeting on Wednesday, according to Reuters read more . 1 and others want a reluctant Exxon to pay more heed to its future, or lack thereof, as a purveyor of fossil fuels. BlackRock, meanwhile, has ramped up its voting against companies’ recommendations, notably when they show insufficient attention to climate change. The $9 trillion asset manager voted against two Exxon directors and in favor of an independent chair last year, according to its disclosures.
Persons: Laurence D, Fink, Denis Balibouse, That’s, Darren Woods, Larry Fink, Richard Beales Organizations: BlackRock, REUTERS, Exxon Mobil’s, Reuters, Exxon, Investment Locations: Davos
"Hybrid work represents the biggest shift to how we work in our generation. Here are some of Microsoft's major accommodations:Asking employees to make time for breaks: Microsoft conducted research showing that attending back-to-back video calls generates stress. Smartening up facilities: Microsoft is matching up information on which rooms its employees book for meetings (through the Viva Insights software). Microsoft is matching up information on which rooms its employees book for meetings (through the Viva Insights software). Our technical specialists are using Teams to bring their deep expertise to three times as many customers through virtual demos."
Persons: Satya Nadella, Jared Spataro, they're, Nadella Organizations: Microsoft Corp, Bloomberg, Economic, Microsoft, Viva Locations: Davos, Switzerland, coronavirus, Seattle, Atlanta , Houston, Reston , Virginia
Viewsroom: AT&T’s second breakup, Asian super-apps
  + stars: | 2021-05-20 | by ( ) www.reuters.com sentiment -0.90   time to read: 1 min
Gojek driver helmets are seen in Jakarta, Indonesia, October 27, 2018. The telephone company’s deal with Discovery, the reversal of a failed strategy to become a media juggernaut, opens a window into streaming warfare; and the creation of Southeast Asia do-everything internet group GoTo is a prelude of more to come. Plus, no Davos in Singapore. Listen to the podcastFollow @rob1cox on Twitter- For previous columns by the author, Reuters customers can click on
Persons: GoTo Organizations: Discovery, Twitter Locations: Jakarta, Indonesia, Asia, Davos, Singapore
Western governments and Muslim-majority governments have diverged in their responses to China's persecution of its Muslim minorities. Most Muslim-majority countries have strong relations with China, and the fear their relations with Beijing would suffer if they condemned that repression. Yet, governments of Muslim-majority countries have so far largely refrained from criticizing China over its actions in Xinjiang. Virtually all Muslim-majority countries have strong relations with China, which have significantly deepened in the past few decades. Uyghurs seeking to flee China are generally safer in Western countries than in the Muslim-majority states of the Middle East.
Persons: Joe Biden, Wang Yi's, Kevin Frayer, Mike Pompeo, Turkey's, Recep Tayyip Erdogan, Russia —, Mohammad Javad Zarif, Wang Yi, Ebrahim Noroozi, Ali Motahari, Motahari, Haq Qadri, Imran Khan, Mohammed bin Zayed, Xi Jinping, Xi, China's, Nick Cohen, Annelle Sheline, Giorgio Cafiero Organizations: European Union, Canadian, Development Party, Iranian, AP, Foreign Ministry, Religious, Minister Noor, Pakistan's Ministry of Foreign Affairs, China, Central, Initiative, United Arab, Getty, The Washington Institute for Near East, West, UN Human, The Observer, Washington, Quincy Institute, Responsible, Twitter, Gulf, Analytics, Al Monitor, Middle East Locations: China, Beijing, Xinjiang, United States, European, United Kingdom, Canada, Ankara, Turkey, Turkey —, Russia, Tehran, Iran, Iranian, Pakistan, Davos, Gilgit, Baltistan, Saudi, Kashgar, Xinjiang province, Eastern, Saudi Arabia, Egypt, United Arab Emirates, UAE, China's, Xinjiang Uyghur Autonomous Region, Western, Tajikistan, Europe, North America, Global, Washington, DC
Nikesh Arora, Chairman and CEO of Palo Alto Networks appears on CNBC's Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd. Palo Alto Networks is showing signs of improvement that could help erase a recent stretch of underperformance, according to Raymond James. Analyst Adam Tindle upgraded the cybersecurity stock to outperform from market perform, saying in a note to clients on Tuesday that the company appears to be striking bigger deals with customers, which could lead to higher margins.
Persons: Nikesh Arora, Raymond James, Adam Tindle Organizations: Palo Alto Networks, Jan Locations: Davos, Switzerland
World Economic Forum cancels 2021 annual meeting in Singapore
  + stars: | 2021-05-17 | by ( Reuters Staff | ) www.reuters.com sentiment -0.73   time to read: +1 min
FILE PHOTO: A logo of the 50th World Economic Forum (WEF) annual meeting is pictured on a window in Davos, Switzerland, January 21, 2020. REUTERS/Denis BalibouseZURICH (Reuters) - The World Economic Forum cancelled its 2021 annual meeting scheduled for Singapore in three months’ time on Monday, saying it was not possible to hold such a large, global event due to the COVID-19 situation. WEF had already pushed back its special meeting in Singapore, initially scheduled for mid-May, following the announcement last year it was moving from its usual home in the Swiss alps due to the pandemic situation in Europe. Acknowledging WEF’s decision to cancel the event, the Singapore trade ministry said on Monday that it “fully appreciates the challenges caused by the ongoing global pandemic, particularly for a large meeting with a broad span of international participants.”The WEF’s next annual meeting will instead take place in the first half of 2022. Its location and date will be determined based on an assessment of the situation later this summer, it added in a statement.
Persons: Denis Balibouse ZURICH, “ Regretfully, WEF Organizations: Economic, REUTERS Locations: Davos, Switzerland, Singapore, Swiss, Europe
World Economic Forum cancels 2021 meeting planned for Singapore
  + stars: | 2021-05-17 | by ( Matt Clinch | ) www.cnbc.com sentiment -1.00   time to read: +1 min
The World Economic Forum said Monday that it has canceled a summer version of its annual meetings that was due to take place in Singapore. The event, which brings together politicians and business leaders from around the world, had already been rescheduled twice and had been moved to Singapore from its usual location of Davos, Switzerland. The summer event had been planned for the middle of August. WEF said Monday that the meeting will instead take place in the first half of 2022, with a final location and date to be determined later this year. Klaus Schwab, the founder and executive chairman of WEF called it a difficult decision.
Persons: WEF, Klaus Schwab Organizations: Economic Locations: Singapore, Davos, Switzerland
Rwanda's Kagame says relations are on the mend with France
  + stars: | 2021-05-17 | by ( ) www.reuters.com + 0.00   time to read: +2 min
France's acceptance in a report this year that it bore a responsibility for the 1994 genocide in Rwanda marked a "big step forward" in repairing relations between the two countries, Rwandan President Paul Kagame said on Monday. "When you talk about overwhelming responsibility ... that means a lot," the Rwandan president told France 24. On Monday, the Rwandan leader said there was grounds for good relations between the two nations and that he hoped France would send an ambassador to Kigali. Asked if an apology would be a further important gesture, Kagame responded: "I think so." Kagame told France 24.
Persons: Paul Kagame, Emmanuel Macron, Kagame, Francois Mitterrand, Paul Rusesabagina, Rusesabagina Organizations: Rwandan, France, Macron, Economic, Thomson Locations: Rwanda, France, Kigali, Paris, Washington, Davos, Dubai
Mysterious British investor Ian Osborne has dazzled the tech and finance industries through Social Capital Hedosophia, his SPAC with Chamath Palihapitiya. "How he got to the level he did, I don't know but it's an art," one longtime friend and business associate told Insider. The visit included a star-studded party at Michael Bloomberg's Upper East Side home, a former Johnson official told Insider. "They were dispatched by Jack to try to stop the book," another person, who heard about the operation directly from Osborne's camp, told Insider, referring to Twitter cofounder Jack Dorsey. Osborne told Insider he did not seek out or obtain the book proposal or try stop the book, but instead forwarded along publicly available documents.
Persons: Ian Osborne, Chamath Palihapitiya, Osborne, Palihapitiya, Osborne clapped, he's, Hedosophia, didn't, Li Ka, Ronald Perelman, Jack Ma, Snap's Evan Spiegel, , Rupert, Sean Parker, Marc Benioff, that's, David Cameron, Cameron, Ripley, Matt Damon, Michael Bloomberg, Reuters Kevin Sheekey, Michael Wolff, Andrew Ross Sorkin, Kevin Sheekey, Rupert Murdoch, Murdoch, Michael, Wolff, Connaught, Yuri Milner, Hubert Burda, Burda, Jim Breyer, BrauerPhotos, Boris Johnson, Michael Bloomberg's, Johnson, Jesus, Madonna, Toby Young, Ian, Young, Milner, Mark Zuckerberg, Steve Jennings, Julia, Spotify's Daniel Ek, Foursquare's Dennis Crowley, Twitter's Jack Dorsey, Nick Bilton, Bilton, Jack, Jack Dorsey, Johanna Baumann, Valentin Stalf, Evan Spiegel, Ma, Spiegel, Snapchat, Alibaba, Imran Khan, Morgan Stanley, Goldman Sachs, Brendan McDermid, barker, Osborne's, Jamie Organizations: Social Capital Hedosophia, New York Stock Exchange, Twitter, Social Capital, Virgin Galactic, Financial Times, Service, Davos, Bloomberg, Former New York City, Reuters, NYC Municipal Archives, Newsweek, New York Times, News Corp, Osborne, Partners, SCH, Paul's, King's College, London School of Economics, Financial, DST, Horizons Ventures, Breyer Capital, Johnson, Economic, Facebook, DST Global, Getty, Wired, White, Clover Health, SPH, US Department of Justice, Securities, Exchange Commission Locations: British, Amsterdam, Silicon Valley, Downing, Hong Kong, London, Manhattan, New York, Connaught, German, Germany, Davos, Switzerland, Russian, California, Altos, Moscow, Russia, Osborne, BrauerPhotos, Europe
Capital Calls: Carlyle’s political assets
  + stars: | 2021-05-11 | by ( ) www.reuters.com + 0.97   time to read: +1 min
Glenn Youngkin, the co-CEO of Carlyle, attends a session at the 50th World Economic Forum annual meeting in Davos, Switzerland, January 21, 2020. Carlyle’s (CG.O) political forays are coming full circle. The D.C.-based private equity firm is known for its high-profile Washington hires. Former co-Chief Executive Glenn Youngkin went in the other direction, securing the Virginia Republican gubernatorial nomination on Monday. (By Gina Chon)On Twitter http://twitter.com/breakingviewsEarlier in Capital Calls:Bain Capital feasts on food giants’ castoffs read moreLufthansa’s capital raise may not be enough read moreSouth Korean deals tell tall tales read moreWynn bets too much on SPAC read moreSabers down for Project JEDI read more
Persons: Glenn Youngkin, Carlyle, Denis Balibouse, George H.W, Bush, State James Baker, John Major, David Rubenstein, Jerome Powell, Youngkin, Gina Chon, ’ castoffs, Wynn Organizations: REUTERS, Washington, Virginia Republican, State, British, Democrats, Bain Locations: Davos, Switzerland, Washington
With no job lined up, Ms. Nakate volunteered with the Rotary Club organization, where she was researching the biggest challenges facing local areas and how she could help. That was when she realized that climate change was not some distant threat, but a problem that at that very moment was eating away at communities and destroying livelihoods. She also found out about Fridays for Future, the movement that Ms. Thunberg started to pressure policymakers to listen to scientists and act. Though eager to take action herself, Ms. Nakate said she was initially afraid of taking to Kampala’s streets to protest alone. In December 2019, she was one of a few young activists who were invited to speak at the United Nations climate talks in Spain.
Persons: Nakate, Thunberg, Joan, Paul, Trevor, , , Nakate’s Organizations: Makerere University, Rotary Club, United Locations: Clare, Lake Victoria, Kampala, United Nations, Spain
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