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☆ American Companies' China Profits Are Declining; Increased War Chance
▼ + stars: | 2024-09-22 | by ( Linette Lopez | ) www.businessinsider.com time to read: +15 min

Without the promise of profits, American firms are also becoming less willing to go to bat for China — to reinforce the idea that China's market is crucial to the success of their futures. No demandAfter pandemic lockdowns ended in 2023, the Chinese economy experienced what is known on Wall Street as a "dead cat bounce." What money Chinese consumers are still able to spend is increasingly going to companies that grew up in their home country. Related storiesWhat money Chinese consumers are still able to spend is increasingly going to companies that grew up in their home country. It gives corporations, already under financial pressure as China's economy declines, even less reason to act as interlocutors encouraging stability between Washington and Beijing.

Persons: Washington —, Xi Jinping, Lee Miller, lockdowns, They're, Xi, Yi Gang, Michael Pettis, Tesla, Elon Musk, it's, Ball, Jamie Dimon, It's, China's, Goldman Sachs, Ray Dalio, seeping, Miller, Kamala Harris, Donald Trump, Harris, —, Trump, Biden, we're, Cordell Hull Organizations: Apple, Nike, Chinese Communist Party, People's Bank of, Carnegie Endowment, China Business Council, Starbucks, Street, Bridgewater Associates, Beijing, East Asia State Department, CCP, Trump, State Department, Republicans, Financial, Broadcom, Nvidia, Biden Administration Locations: China, America, Beijing, Washington, American, South China, Taiwan, People's Bank of China, Shanghai

☆ Huma Abedin is engaged to George Soros’ son Alex
▼ + stars: | 2024-07-11 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

New York CNN —Huma Abedin, former aide to former Secretary of State Hillary Clinton, is engaged to Alex Soros, son of billionaire liberal donor George Soros. Abedin, 47, and Soros, 38, are both familiar names to anyone who follows politics and business. Abedin has worked with Hillary Clinton at the White House, Senate, State Department and in her private life for several years. Meanwhile, Soros leads the Open Society Foundations and political action committee, a charitable organization that donates to liberal causes. Vogue notes that Soros will be stepfather to Abedin’s son from her marriage to Weiner.

Persons: Huma Abedin, Hillary Clinton, Alex Soros, George Soros, ” Soros, Soros, Abedin, Anthony Weiner, George, They’ve, Abedin’s, Weiner, wasn’t Organizations: New, New York CNN, Vogue, White, State Department, Democratic, Society, Forbes, House Locations: New York, Abedin

☆ Opinion | After College Presidents, Republicans Are Coming for Liberal Donors
▼ + stars: | 2024-05-10 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +2 min

In a letter to Attorney General Merrick Garland this week, the Republican senator Josh Hawley demanded a federal investigation into dark money groups subsidizing “pro-terrorist student organizations” holding anti-Israel protests on college campuses. He cited Politico reporting linking big liberal philanthropies to some pro-Palestinian organizers. Open Society Foundations, for example, founded by the oft-demonized George Soros, has given grants to the anti-Zionist Jewish Voice for Peace, which has an active university presence. That’s one reason I fear that the backlash to the pro-Palestinian campus movement — which includes lawsuits, hearings and legislation — could help Republicans wage war on progressive nonprofits more broadly. If they do, the right would be following a well-worn authoritarian playbook.

Persons: General Merrick Garland, Josh Hawley, George Soros, Hawley, “, Garland, Donald Trump, Trump, Rachel Kleinfeld, Kleinfeld, it’s Organizations: Politico, Society, Jewish Voice, Soros, Carnegie Endowment, International, Service, Carnegie Locations: Israel, Hungary

☆ Japan Is a Preview of China's Ugly Recession, Stock Market Crash
▼ + stars: | 2024-03-31 | by ( Linette Lopez | ) www.businessinsider.com time to read: +14 min

But Japan's economy — the long-unconscious patient — recently started to wiggle its toe. The country's stock market is ripping; the Nikkei recently exceeded the all-time highs it set 34 years ago. Now, Koo says, Chinese academics and policymakers are flocking to Japan to glean some kind of wisdom from the country's experience. Advertisement"This has made Japan attractive for foreign investors, and the stock market has done well," Koo said. Even without a currency war with Beijing, the world is building defenses against another wave of Chinese goods.

Persons: —, Goldman Sachs, there's, Nomura, Richard Koo, Koo, Shinzo Abe, Japan's, What's, it's, we're, haven't, Xi Jinping, doesn't, Xi, we've, Brasília Organizations: Nikkei, Goldman, Bank of Japan, Corporations, International Monetary Fund, Japan, Peterson Institute, European Union, China Locations: East Asia, China, Japan, Real, Tokyo, Beijing, Brussels, Brasília, American, Washington, Brazil, Turkey

☆ 'Hong Kong is China's Hong Kong': Beijing hits back at U.S. for 'slandering' city's new security law
▼ + stars: | 2024-03-21 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

The flags of China and Hong Kong displayed in rows. China's embassy hit back against U.S. criticism of Hong Kong's new national security law on Thursday, saying the U.S. should "respect China's sovereignty." Hong Kong lawmakers passed a new national security law on Tuesday which critics say grants the government more power to quash dissent. "Hong Kong is China's Hong Kong. Hong Kong affairs are purely China's internal affairs, which no country is in the position to point fingers at or interfere in," a spokesperson said on Wednesday.

Persons: Hong, Hong Kong's, Vedant Patel, John Lee, Wang Yi, — CNBC's Evelyn Cheng, Clement Tan Organizations: U.S . State Department, Kong's Legislative, China's, Beijing, China - Locations: China, Hong Kong, U.S, China's, Hong Kong . Hong Kong, Kong's, China - U.S

☆ One of the top donors to a pro-Biden dark-money group is a nonprofit run by a little-known AI investor
▼ + stars: | 2024-03-10 | by ( Casey Tolan | ) edition.cnn.com time to read: +8 min

The second-largest donation in 2022 to the non-profit arm of Future Forward, the primary Super PAC supporting Biden, came from a group run by James McClave and Emily Berger. That’s more than any group other than the George Soros-linked Open Society Policy Center, which gave $15.2 million that year. That trend is set to continue this year: Future Forward has announced plans to run the largest ever political advertising campaign by a Super PAC in 2024. A spokesperson for Future Forward did not respond to a request for comment. The pro-Biden group Future Forward has said it plans to run the largest political advertising campaign by a Super PAC this year.

Persons: Joe Biden, James McClave, Emily Berger, Jane, McClave, Berger —, George Soros, Biden, they’re, “, ”, Anna Massoglia, Berger, Massoglia, ” Anna Massoglia, Janet Protasiewicz, Manhattan DA Alvin Bragg, Claude, Sam Bankman, Fried, Jane Street, Julia Nikhinson, Anita Dunn, Harris, It’s, ” Biden, Biden’s, Vox Organizations: CNN, PAC, Biden, —, Policy Center, Soros, League of Conservation Voters, Fund, Hopewell Fund, Super PAC, McClave, Democratic Party, Wisconsin Supreme, Manhattan DA, Securities and Exchange Commission, New York Stock Exchange, University of California, Bloomberg, FF PAC, White House, New York Times, Super, Commission, Forward, Center for Voter, Democratic, BEMC Foundation Locations: Manhattan, McClave, Wisconsin, Anthropic, University of California Berkeley, Manassas , Virginia

☆ 'There's everything to play for' in U.S. election, Open Society Foundations president says
▼ + stars: | 2024-02-17 | by ( Karen Gilchrist | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'There's everything to play for' in U.S. election, Open Society Foundations president saysMark Malloch-Brown, president of the Open Society Foundations, discusses the upcoming election cycle and the potential re-election of Donald Trump as U.S. president.

Persons: Mark Malloch, Brown, Donald Trump Organizations: Society, Open Society Locations: U.S

☆ Global fragmentation is making 'rivals rather than collaborators,' Open Society Foundations president says
▼ + stars: | 2024-02-17 | by ( Karen Gilchrist | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGlobal fragmentation is making 'rivals rather than collaborators,' Open Society Foundations president saysThe new fragmented world order is likely to lead to more rivalries than collaborations between countries, Open Society Foundations president Mark Malloch-Brown says.

Persons: Mark Malloch, Brown Organizations: Society

☆ Alex Soros says a Trump win is a done deal for the Davos elite — but they're always wrong
▼ + stars: | 2024-01-19 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

Alex Soros, chairman of Open Society Foundations, during a panel session on the closing day of the World Economic Forum (WEF) in Davos, Switzerland, on Friday, Jan. 19, 2024. The annual Davos gathering of political leaders, top executives and celebrities runs from January 15 to 19. Photographer: Stefan Wermuth/Bloomberg via Getty Images"In Davos, Donald Trump is already the president," Open Society Foundations Chairman Alex Soros told a panel at the World Economic Forum on Friday. "That's a good thing, because the Davos consensus is always wrong," he went on. He either winds up in prison or he winds up in power, he's not going off on some beach somewhere and retiring."

Persons: Alex Soros, Stefan Wermuth, Donald Trump, Trump, Joe Biden, —, he'll, Soros, he's Organizations: Open Society, Economic, Bloomberg, Getty, Republican, Trump, Republican Party Locations: Davos, Switzerland

☆ George Soros' son says Trump won't disappear unless he winds up in prison
▼ + stars: | 2024-01-19 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +2 min

George Soros' son said on Friday that there's really no getting rid of Donald Trump. "He either winds up in prison or he winds up in power," Alex Soros said, CNBC reported. AdvertisementThe son of billionaire investor and philanthropist George Soros says there's really no getting rid of former President Donald Trump. Alex Soros, the chairman of his father's philanthropic empire, Open Society Foundations, continued of Trump, "What's the way out for him? "In Davos, Donald Trump is already the president," Alex Soros said on the panel.

Persons: George Soros, there's, Donald Trump, Alex Soros, —, Soros, Trump, Soros —, he'll, He's, hasn't, Joe Biden Organizations: Economic, CNBC, Service, Republican Party, Republican, Society, Trump, The New York Times Locations: Davos, Switzerland

☆ Baby boomers did one big thing we should all be grateful for
▼ + stars: | 2024-01-02 | by ( Andy Kiersz | ) www.businessinsider.com time to read: +11 min

The boomers had it great, the argument goes, but then they went and screwed it all up. For one thing, baby boomers didn't have it easy: The America they grew up in was poorer, less educated, less healthy, and more unfair than the society we live in today. To better understand how individuals and families are experiencing the economy, it's important to look at wages, income, and wealth. Boomers have consistently passed laws to make building housing harder, leaving the country with a structural housing deficit. Beyond the economy, the boomers have handed off other deep problems that the younger generations will have to solve.

Persons: Gen Zers, Zers, millennials, Norman Rockwell, —, they've, we're, it's, Zer, Andy Kiersz Organizations: Black, Boomers, Business Locations: America

The Ms. Foundation published research last week advocating for more financial support for women and gender nonconforming people of color leading nonprofits on the frontlines of social justices issues. “At this moment, when women and women’s bodies and gender nonconforming folks are being attacked on a daily basis, are they willing to move 10% to us?” Teresa Younger, Ms. Foundation’s president and CEO, said of other foundations. The Ms. Foundation found that many frontline organizations, like Power Rising, work across issue areas, often in tandem with other groups and in response to unfolding events. The organization advises foundations to build on trust-based giving, to support self-guided capacity building for these organizations, and to diminish grantmaking tied to specific issue areas. ___Associated Press coverage of philanthropy and nonprofits receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc.

Persons: Alex Soros, George Soros, Trump, ” Alex Soros, Shawnda Chapman, ”, ” Teresa Younger, it’s, Laleh Ispahani, Ketanji Brown Jackson, Leah D, Daughtry, grantmaking, Ispahani, Mark Malloch, Brown Organizations: Open Society, Society, Ms, Foundation for Women, OSF, National Women's Law, Alliance for Youth, U.S, Supreme, Foundation, Associated, Lilly Endowment Inc, AP Locations: U.S

Paris CNN —France has issued an arrest warrant for Syrian President Bashar al-Assad over the alleged use of banned chemical weapons against civilians in Syria, a judicial source told CNN on Wednesday. This is the first international arrest warrant against Assad. “All Interpol member states should then comply with the arrest warrant,” Chammas told CNN. “We have never used our chemical arsenal in our history,” Assad said in 2017. He added that “morally” the Syrian government would never do this “because it’s not acceptable.”

Persons: Bashar al, Assad, Maher al, Michael Chammas, ” Chammas, “, Mazen Darwish, ” Darwish, Hadi al Khatib, ” Assad, it’s, ” Organizations: Paris CNN —, CNN, Interpol, Syrian Centre for Media, Open Society Justice Initiative, Eastern Ghouta, Syrian Center for Media Locations: Paris CNN — France, Syria, Germany, Douma, Eastern, Ghouta, Damascus, France

Burry also closed out bearish options against the broad S&P 500 and Nasdaq 100 Index, the filings showed. His Scion Asset Management’s biggest new position last quarter was in bearish options on an exchange-traded fund focused on semiconductors. He bought put options with a notional value of $47.4 million against the iShares Semiconductor ETF (SOXX.O), according to the filing. The filings also showed that Burry's fund no longer held puts on the Nasdaq 100 and S&P 500. Hedge fund Man Group also sold its 1.1 million shares in Nvidia, while Renaissance Technologies LLC sold its entire stake in the company.

Persons: Michael Burry, Burry, George Soros, Carolina Mandl, David Gregorio, Anna Driver, Deepa Babington Organizations: U.S, Nasdaq, iShares Semiconductor, Soros Fund Management, Society, Nvidia, Taiwan Semiconductor Manufactoring, Man, Renaissance Technologies, Tiger Global Management, Eisler Capital, Man Group, Duquesne Family Office, Thomson Locations: U.S, TSMC, New York

☆ Why the Trump trials should be on camera
▼ + stars: | 2023-11-06 | by ( Zachary Wolf | Analysis Zachary B. Wolf | ) edition.cnn.com time to read: +9 min

CNN —If you were to dream up a hypothetical case that demanded cameras in federal courts, it would be United States of America v. Donald J. Trump. The importance the coming four criminal trials will play in the 2024 election cannot be overstated. Supreme Court justices, as we’ve previously written in this newsletter, frequently endorse the idea of cameras in the courtroom right up until they get that lifetime Supreme Court appointment. In the Senate, there is a bipartisan proposal to require the Supreme Court to allow cameras in its courtroom. That’s not exactly what we’re talking about with the criminal trials of Trump in the lower federal court, but it does suggest bipartisan openness to the issue of making courts more transparent.

Persons: Donald J, Trump, Arthur Engoron, it’s, —, Biden, ”, Tanya Chutkan, Chutkan, Laura Coates, “, Jack Smith, Gabe Roth, John Roberts, Mike Johnson, That’s Organizations: CNN, Trump, he’s, New, The New York Times, Siena College, Washington , D.C, Media, Broadcasting, Judicial Conference, Supreme Locations: United States, America, New York, Georgia, Washington ,, —, Arizona , Georgia, Michigan, Nevada , Pennsylvania, Wisconsin, Washington , DC

☆ Judge shuts down Fox bid to look for links between George Soros and Smartmatic
▼ + stars: | 2023-10-30 | by ( Liam Reilly | ) edition.cnn.com time to read: +4 min

Manhattan Supreme Court Justice David B. Cohen rejected Fox Corp. and Fox News’ attempts to subpoena George Soros, his son Alex Soros, and their philanthropic organization Open Society Foundation (OSF) for documents related to the election defamation case. Fox argued that Alex and George Soros, as well as OSF, possess material necessary to the network’s defense in the defamation trial. The documentation, Fox argued, would establish a connection between George Soros and Smartmatic. “I base that on the finding that the crux of Smartmatic’s claims is that Fox has asserted they were part of rigging [the election], not that Smartmatic was affiliated with George Soros, Alex Soros, or the OSF,” Cohen said. “We’re interested in the closeness of the relationship, what Soros has done for Smartmatic over time,” Marks said.

Persons: George Soros, David B, Cohen, Fox News ’, Alex Soros, Soros, Fox, Alex, Smartmatic, ” Cohen, “, ”, ” Smartmatic, George, Donald Trump, Rudy Giuliani, Trump, Sidney Powell, ” Aaron Marks, Mark Malloch, Brown, Giuliani, Powell, “ We’re, ” Marks, Marks, Benjamin McCallen, “ They’re, ” McCallen Organizations: CNN, Fox News, Manhattan, Fox Corp, Open Society Foundation, OSF, Fox, New, Soros, Trump Locations: York, Smartmatic, New York

The effort against Issue 1, which would amend the constitution to protect abortion rights, raised just under $10 million in the same period, according to Thursday's filings. The campaign against Issue 1, called Protect Women Ohio, accepted more than half its donations in the final months of the race from Protect Women Ohio Action Inc., a committee associated with the anti-abortion group Susan B. Anthony Pro-Life America. It's been harder for campaigns against abortion rights to get traction, Lenkowsky said. In Ohio, an August special election that would have swayed November's election went in the direction of abortion rights supporters, which likely made anti-abortion donors less willing to keep giving. Amy Natoce, press secretary of Protect Women Ohio, criticized the pro-Issue 1 campaign's outside funding in a statement to The Associated Press.

Persons: Hansjörg Wyss, George Soros, Michael Bloomberg, Abigail Wexner, Les Wexner, Susan B, Anthony Pro, Roe, Wade, Leslie Lenkowsky, It's, Lenkowsky, Amy Natoce, “ It’s, ”, “, Martin Haskell, Julie Carr Smyth, Christine Fernando Organizations: Washington , D.C, United, Reproductive Rights, New, Society Policy Center, American Civil Liberties Union, Brands, Protect, Protect Women, Inc, America, Supreme, Indiana University, Associated Press, Ohioans United, AP Locations: Ohio, Washington ,, Swiss, New York, Columbus, U.S, In Ohio, Protect Women Ohio, Columbus , Ohio, Chicago

NEW YORK (AP) — Palestinian artist Nida Sinnokrot, one of 18 artists receiving the 2023 Soros Arts Fellowships from the Open Society Foundations on Tuesday, says that art provides hope and resilience, even in the midst of war. This year's class of Soros Arts Fellows is the largest since the program launched in 2018. This is the launchpad of something new — a new realm of direct action in the arts.”Molemo Moiloa also plans to incorporate community action in her art project in Johannesburg, South Africa, for her Soros Arts fellowship. “One of the reasons I still feel hope is that there is powerful solidarity around the world that embraces this ethos,” he said. “And that’s what’s so amazing about this year’s (Soros Arts Fellows) and their communities.

Persons: Nida Sinnokrot, “, ”, Sinnokrot, Tatiana Mouarbes, George Soros, Alex — Mouarbes, Jordan Weber, ” “, Weber, ” Molemo Moiloa, Moiloa, Nelson Mandela's, we’ve, it’s, Fellows, Cannupa Hanska Luger, Carolina Caycedo, Chemi, Dalton Paula, Deborah Jack, Kenan Darwich, Sami Rustom, Ixchel Tonāntzin, Martha Atienza, Molemo Moiloa, Mónica de Miranda, Omar Berrada, Rijin Sahakian, Sari Dennise, Yto Barrada Organizations: Open, Massachusetts Institute, Technology’s, Technology, Soros Arts Fellows, Open Society, Culture, Society, Soros Arts, South, Soros, Fehras, Associated, Lilly Endowment Inc, AP Locations: Palestinian, York, ”, Detroit, Johannesburg, South Africa, Israel, Palestine, Guinea, Hidatsa, Lakota, United States, Carolina, Colombia, Puerto Rico, Brazil, St, Maarten, Syria, Germany, Philippines, Portugal, Morocco, Iraq, Mexico

Beijing CNN —A decade ago, Zhang Weili was handing out flyers to rushing commuters in front of her local subway station. Zhang, born in China’s northern Hebei province, is her country’s first and only champion in US-based promotion the Ultimate Fighting Championship (UFC). Our preparations and tactics were spot on,” Zhang told CNN from Black Tiger Fight Club in Beijing. The Black Tiger Fight Club MMA gym in Beijing is where China's first and only UFC champion, Zhang Weili, trains. The Black Tiger Fight Club training area in Beijing, China.

Persons: Beijing CNN —, Zhang Weili, she’s, Zhang, Brazil’s Amanda Lemos, Joe Rogan, ” Zhang, “, Mengchen Zhang, Rose Namajunas, Namajunas, won’t, ”, CNN Bruce Lee, Bruce Lee, Cai Xuejun, ’, gesturing, didn’t Organizations: Beijing CNN, UFC, CNN, Black Tiger Fight Club, Fight Club, Fight, MMA Locations: Beijing, China’s, Hebei, “, Lemos, China, Lithuanian, Jacksonville , Florida

☆ Rahile Dawut: US condemns China's reported life sentence of Uyghur scholar
▼ + stars: | 2023-10-02 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +6 min

CNN —The United States has condemned China’s reported sentencing of prominent Uyghur academic Rahile Dawut to life in prison, calling for the immediate release of the scholar known for documenting folklore and traditions of the Muslim minority in China’s northwestern Xinjiang region. A renowned scholarRahile Dawut is known as a foremost scholar of Uyghur culture, who focused her work on folklore and religious anthropology, including documenting Uyghur pilgrimage to religious shrines throughout Xinjiang. Through her collaborations with international researchers, guest lecturing and teaching, she is credited by international academics with fostering a greater global understanding of Uyghur culture and making key contributions to preserving and documenting Uyghur heritage and architecture. In 2007, Rahile Dawut founded a center focused on folklore at Xinjiang University, where she was a professor. According to San Francisco-based Dui Hua, Rahile Dawut was tried in 2018 of for “splittism” or political separatism – a crime of endangering state security.

Persons: China’s, Dawut, Rahile Dawut, ”, Rahile, Matthew Miller, “, Dawut’s, San, Hua, –, Rahile Dawut’s, Ilham Tohti, OSUN Organizations: CNN, US State Department, Hua Foundation, Rights, United Nations, UN, China’s Ministry of Foreign Affairs, PRC, People’s, The State Department, Xinjiang University, American Anthropological Association, Beijing’s Minzu University, Open Society University Network Locations: United States, China’s, Xinjiang, China, People’s Republic of China, San Francisco, ”

☆ Elon Musk says Twitter, now X, is moving to small monthly subscription and has 550 million users
▼ + stars: | 2023-09-18 | by ( Lora Kolodny | ) www.cnbc.com time to read: +5 min

Among other things, Musk said the social network is "moving to having a small monthly payment for use of the X system" in order to combat "vast armies of bots. During the livestream, Musk also divulged some new metrics from X, claiming it now has 550 million "monthly users," who generate 100 million to 200 million posts per day there. However, Musk also used it to dispute the perception that his social network is full of hate speech and antisemitism. Before meeting with Netanyahu, Musk also accused George Soros's foundation of wanting to "destroy" western civilization. On Twitter, Musk has repeatedly disparaged trans people, federal regulators, politicians, journalists, whistleblowers, critics of his companies, and short sellers.

Persons: Elon Musk, Benjamin Netanyahu, Musk, Netanyahu, George Soros's, Tesla, Donald Trump, Marjorie Taylor Greene, Andrew Anglin Organizations: SpaceX, Tesla, Artificial Intelligence, Twitter, Israeli, Anti Defamation League, ADL, X Corp, Open Society, Nazi Locations: Washington ,, West, Jewish, Hungarian, American, U.S

☆ UK government under pressure to take tougher line on China amid spying allegations
▼ + stars: | 2023-09-13 | by ( Luke Mcgee | ) edition.cnn.com time to read: +9 min

Sunak’s predecessor Liz Truss called for the government to formally designate China as a threat to the UK. Florence Lo/APUnder the radarBut back to the question at hand: should the events of the past few days affect the UK’s official policy? Despite the arrests, observers believe it is unlikely there will be a sea-change in the UK government’s policy on China. The allegations that China is spying on the UK, in the very heart of Britain’s democracy, is of course a very real concern. But it will not be a surprise to the government, which has baked it into British foreign policy.

Persons: Tom Tugendhat, Tugendhat, Rishi Sunak, Premier Li Qiang, ”, Sunak’s, Liz Truss, Iain Duncan Smith, UK’s, Oliver Dowden, James, Han Zheng, Florence Lo, —, Peter Ricketts, “, doesn’t, ” Ricketts, Christopher Furlong Organizations: London CNN, Sunday Times, Conservative, CNN, Premier, Embassy, Metropolitan Police, Conservative Party, of, People, parliament’s Intelligence, Security, British National Security, Getty, Russia, Diplomats Locations: China, Beijing, New Delhi, London, gossiping, Europe, Hong Kong, South China, Taiwan, Westminster

Open Society Foundations said Tuesday that it will spin off its support for Europe's Roma communities into a new foundation and pledged €100 million, around $107 million, for that work. The Roma Foundation for Europe, which will be independent of OSF, launches in January and will be based in Brussels, said the foundations. Under Alex Soros' leadership, the foundations announced in July that it would significantly retool its structure and layoff 40% of its staff globally. “We will also keep up — and dramatically increase — our efforts to secure equal treatment for Europe’s largest ethnic minority, the 12 million Roma (who mostly live in Eastern Europe),” Alex Soros wrote. OSF will not have representatives on the board of the Roma Foundation for Europe, said Jovanovic, adding that the decision to start the foundation was made last year, independently of the restructuring.

Persons: Zeljko Jovanovic, ” Jovanovic, Alex Soros, George Soros, Soros, ” Alex Soros, Jovanovic, Alex Organizations: Roma, Roma Foundation for Europe, OSF, OSF's, Office, Associated Press, European Union, European Commission, AP, “ POLITICO, Central European University, Roma Foundation for, European Roma Institute for Arts and Culture, Roma Entrepreneurship Development, Democracy, Roma Education Fund, Associated, Lilly Endowment Inc Locations: Brussels, Roma, Europe, Berlin, “, Ukraine, Moldova, Western Balkans, Eastern Europe, Roma Foundation for Europe

☆ Adani blasts ‘Soros-funded interests’ after media raise new questions about business empire
▼ + stars: | 2023-09-01 | by ( Mark Thompson | ) edition.cnn.com time to read: +6 min

The documents were unearthed by the non-profit Organized Crime and Corruption Reporting Project (OCCRP), which counts billionaire George Soros’ Open Society Foundations among its financial backers, and its research was shared with media including The Guardian and the Financial Times. It is also backed by the US State Department, the UK Foreign Office and the Ford Foundation. The Financial Times said people familiar with the structures had claimed “parallel sets of books and a Russian doll of companies and funds” at the investment firm were used to mask the trades. When Hindenburg published its report in late January, it pitched 88 questions to Adani that cast doubt on his conglomerate’s financial health. Speaking to reporters in Mumbai on Thursday, Rahul Gandhi, a prominent lawmaker from India’s main opposition Congress party, urged Modi to investigate the allegations put forward by the Financial Times and The Guardian and criticized his silence on the matter.

Persons: Gautam, “ Soros, George Soros, OCCRP, Narendra Modi, Adani, “, OCCRP’s, Drew Sullivan, Hindenburg, —, ”, SEBI, ” Adani, Modi, Rahul Gandhi, ” Gandhi, Michelle Toh, Rhea Mogul Organizations: London CNN, Adani, Guardian, Financial Times, CNN, Soros, US State Department, Foreign Office, Ford Foundation, Indian, Adani Group, Hindenburg Research, Society Foundations, Securities and Exchange Board of India, ” Reuters, India’s Locations: Adani, Bermuda, Russian, Mauritius, India, Mumbai

☆ George Soros' foundation lays off 40% after son takes control
▼ + stars: | 2023-06-30 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —George Soros’ Open Society Foundations will lay off at least 40% of its staff one month after the 92-year-old announced he handed the reins of the multi-billion-dollar foundation to his son, Alexander Soros. The job cuts were announced in a statement signed by Alexander Soros and the foundation’s president, Mark Malloch-Brown. In June, the senior Soros, a Hungarian-born billionaire investor, philanthropist and contributor to liberal causes, announced that he had tapped his 37-year-old son, Alexander Soros, who goes by Alex, as the organization’s new chair. In an interview in the Wall Street Journal announcing the decision, Alexander Soros said he and his father “think alike,” but that he was more political than his father. Alexander Soros also said that under his leadership, he planned focus the foundation more on US domestic politics.

Persons: George Soros, Alexander Soros, Mark Malloch, Soros, Alex, “, Luiz Inácio Lula da Silva, Justin Trudeau, George Soros ’, Alex Soros Organizations: CNN, Open Society Foundations, Society, Street Journal, Biden, Canada’s, Forbes, Soros Locations: Hungarian

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