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☆ Iran's President Raisi is dead. What does the leadership void mean for the country and the world?
▼ + stars: | 2024-05-20 | by ( Natasha Turak | ) www.cnbc.com time to read: +3 min

The President of Islamic Republic of Iran Seyyed Ebrahim Raisi during the meeting with Secretary-General Antonio Guterres UN Headquarters. Lev Radin | Lightrocket | Getty ImagesThe sudden death of Iranian President Ebrahim Raisi in a helicopter crash plunges Tehran into fresh uncertainty at a time when it already faces deep economic decline, popular discontent, and war. The helicopter carrying President Raisi suffered a hard landing on Sunday while returning from Azerbaijan in poor weather conditions, Iranian state media reported on Monday. "That interim presidency ... [is] going to potentially pave the way for even more IRGC control over policies." "When it comes to the relationship with the U.S., and likely [with] Israel, nothing is really going to change there.

Persons: Islamic Republic of Iran Seyyed Ebrahim Raisi, Antonio Guterres, Lev Radin, Lightrocket, Ebrahim Raisi, Raisi, Hossein Amirabdollahian, Yemen's, Ayatollah Khamenei, Mohammed Mokhber, Nader Itayim, Itayim, Joe Biden Organizations: Islamic, Antonio Guterres UN, Iran's, Hamas, Hezbollah, Islamic Revolutionary Guard Corps, Iranian, Guardian Council, Argus Media, U.S, Palestinian Locations: Islamic Republic of Iran, Tehran, Azerbaijan, Lebanese, Iran, Mideast, Israel, U.S, Gaza

☆ Helicopter carrying Iran’s president suffers a ‘crash,’ state TV says without further details
▼ + stars: | 2024-05-19 | by ( Mithil Aggarwal | ) www.cnbc.com time to read: +2 min

A helicopter with Iranian President Ebrahim Raisi on board "crashed upon landing" on Sunday, state media reported, with weather conditions complicating rescue efforts. "President Raisi was returning from a ceremony to open a dam on Iran's border with Azerbaijan when his helicopter crashed upon landing in Varzaqan region," it said. Iran's foreign minister, Hossein Amir-Abdollahian, was also traveling in the helicopter, along with East Azerbaijan's governor, Malik Rahmati, and Raisi's security detail, it said. State TV IRIB said the helicopter belonged to the Iranian Red Crescent, which Iran's interior minister Ahmad Vahidi said was part of a convoy. Under Raisi, Iran now enriches uranium at nearly weapons-grade levels and hampers international inspections.

Persons: Ebrahim Raisi, IRNA, Raisi, Hossein Amir, Malik Rahmati, IRIB, Ahmad Vahidi, Ayatollah Ali Khamenei, Yemen's Organizations: United Nations General Assembly, East, East Azerbaijan province —, Iran's, Hamas, Hezbollah Locations: New York City, U.S, East Azerbaijan province, Tehran —, Azerbaijan, Varzaqan, Iran, Tehran, Iraq, Raisi, Russia, Ukraine, Israel, Gaza

☆ U.S. crude oil pulls back below $83 a barrel as brief rally stalls out
▼ + stars: | 2024-04-24 | by ( Spencer Kimball | ) www.cnbc.com time to read: 1 min

A pumpjack is shown outside Midland-Odessa area in the Permian basin in Texas, U.S., July 17, 2018. Image taken July 17, 2018. U.S. crude oil fell back below $83 a barrel on Wednesday after rallying nearly 2% in the prior session. Traders are waiting for the latest U.S. petroleum inventory data with the market's focus shifting back to supply and demand fundamentals as the threat of war between Israel and Iran has faded. Here are the latest energy prices:The U.S. Senate passed a foreign aid package that would expand sanctions against Iranian oil and target ports, vessels and refineries that knowingly accept the Islamic Republic's crude exports.

Organizations: Traders, U.S, Senate Locations: Midland, Odessa, Texas, U.S, Israel, Iran

☆ U.S. oil falls below $83 as war fears ease after Israel refrains from immediate Iran counterattack
▼ + stars: | 2024-04-18 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Crude oil futures were mixed Thursday after a selloff earlier in the week as traders discounted fears of a war between Israel and Iran that could disrupt crude supplies. The West Texas Intermediate contract for May delivery added 4 cents, or 0.05%, to settle at $82.73 a barrel. U.S. crude oil had gained nearly 1% to a session high of $83.47 before pulling back. Oil sold off more than 3% Wednesday as Israel has refrained so far from striking back against Iran for the Islamic Republic's unprecedented weekend air assault, reducing fears of a major war in the Middle East. U.S. crude oil and the global benchmark have fallen below the prices reached after Israel's airstrike against Iran's diplomatic compound in Damascus, Syria at the start of the month, the event that triggered the current round of hostilities.

Persons: Brent, we've, Phil Flynn Organizations: The West Texas Intermediate, Oil, Price Futures Group, Israel's Locations: Israel, Iran, The, Damascus, Syria

☆ U.S. and EU are preparing sanctions on Iran
▼ + stars: | 2024-04-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. and EU are preparing sanctions on IranThe U.S. and EU are preparing sanctions on Iran following the Islamic republic's missile and drone attack on Israel.

Organizations: U.S Locations: Iran, U.S, Israel

☆ Oil prices fall slightly after Israel fends off large-scale aerial attack by Iran
▼ + stars: | 2024-04-14 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

An anti-missile system operates after Iran launched drones and missiles towards Israel, as seen from Ashkelon, Israel April 14, 2024. Iran launched more than 300 drones and missiles against military targets in Israel on Saturday in an attack that President Joe Biden described as "unprecedented." The air assault was the first time Iran has directly attacked Israeli territory, senior U.S. military officials told reporters in a call Sunday. The attack was launched from locations in Iran, Iraq, Syria and Yemen, the officials said. More than 100 ballistic missiles were fired at Israel as well as land attack cruise missiles and drones, a senior administration official said.

Persons: Israel, Brent, Joe Biden, Biden, Daniel Hagari, John Kilduff, Netanyahu, Jorge Leon, Leon Organizations: The West Texas Intermediate, May, Nevatim Air Force Base, Israel Defense Forces, Again, Rystad Energy, Sunday, U.S, Islamic Locations: Iran, Israel, Ashkelon, U.S, The, Iraq, Syria, Yemen, Damascus

☆ The stock market's decline nears a level that makes us want to do some buying
▼ + stars: | 2024-04-12 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, Dow, Jeff Marks, Marks, WTI, Apple, Apple's, Locker, Ford, Morgan Stanley, Gamble, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, University of, Constellation, Club, West Texas, Islamic, Palo Alto Networks, Google, JPMorgan, Securities and Exchange Commission, Abbott Laboratories, Procter, Jim Cramer's Charitable Locations: Iran, Israel, U.S, Damascus, Syria, Wells Fargo

☆ Surging oil prices may challenge the Federal Reserve's inflation fight
▼ + stars: | 2024-04-06 | by ( Spencer Kimball | ) www.cnbc.com time to read: +5 min

Mounting geopolitical tensions stemming from conflict in the Middle East and Eastern Europe have helped drive oil prices to five month highs, challenging the Federal Reserve's fight against inflation. U.S. crude oil gained 4.5% this week, touching $87 a barrel on Friday before settling at $86.91. Rising energy prices may affect the timing or magnitude of interest rate cuts, he said. The Federal Reserve is focused on bringing down core inflation, which excludes volatile energy and food prices. Escalating attacks are coming against a backdrop of an already tightening global crude market.

Persons: Brent, Bart Melek, Andy Lipow, Lipow, Bob Yawger, Yawger, Netanyahu, Manish Raj, White, Biden, John Kilduff, Kilduff, Melek, Saudi Arabia doesn't Organizations: Federal, American Automobile Association, West Texas, TD Securities, Lipow Oil Associates, Mizuho Americas, Valero, Philips, Marathon Petroleum, Velandera Energy Partners, Kyiv, JPMorgan, Financial Times, Again Capital, Bank of America, Saudi Locations: East, Eastern Europe, Iran, Israel, Ukraine, Damascus, Kyiv, Ukrainian, Russia, Saudi Arabia

☆ I shopped for spring clothes at Gap and Banana Republic, and I'm not sure I'd go back to either retailer
▼ + stars: | 2024-04-04 | by ( Terri Peters | ) www.businessinsider.com time to read: +1 min

I shopped for clothes and jewelry at Gap and Banana Republic, and neither retailer impressed me. Although I can afford to spend more money on clothing, I'd rather splurge on a meal or vacation. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIt's been nearly a decade since I shopped at Gap or Banana Republic, but the retailers — both owned by parent company Gap Inc. — have been mall staples for as long as I can remember. This story is available exclusively to Business Insider subscribers.

Persons: —, It's, Richard Dickson Organizations: Republic, Service, Gap Inc, Mattel, Business Locations: Republic

☆ A shorter workweek is gaining ground as another major pilot program prepares to kick off
▼ + stars: | 2024-02-01 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

The four-day workweek has been successful elsewhereThe Dominican Republic will be the first Caribbean country to test a shorter workweek, according to the country's Ministry of Labor. Other lawmakers, like Vermont Sen. Bernie Sanders, have also voiced support for a shorter workweek. AdvertisementMost four-day workweek programs are voluntary for companies, and many countries have no legislation that requires a shorter workweek. With continued positive data, it's possible that the US and other countries could see the shorter workweek implemented into law. Have you been a part of a four-day workweek pilot program or do you work at a company adopting the schedule?

Persons: —, What's, Mark Takano, Vermont Sen, Bernie Sanders Organizations: Employees, Service, International Labor Organization, country's Ministry of Labor, Economic, Revenue, Democratic, Education, Workforce, Labor Locations: Dominican Republic, Latin America, Claro, Caribbean, Australia, United Kingdom, Zealand, Chile, Colombia, Mexico's, Vermont

☆ Oil prices could spike 20%, possibly double if Middle East conflict disrupts Strait of Hormuz
▼ + stars: | 2024-01-06 | by ( Spencer Kimball | ) www.cnbc.com time to read: +6 min

Shipping can be rerouted away from the Red Sea, but crude would be essentially trapped if the strait is shut down, Struyven said. A prolonged disruption in the strait could eventually double oil prices, he said. McNally thinks the market should be factoring in a $12 geopolitical risk premium in oil prices right now. Wirth told CNBC's Sullivan that Chevron is currently working with the U.S. Navy to protect its vessels transiting the Red Sea. "Hopefully, if it doesn't escalate further, we'll be OK — even if there has to be a wholesale diversion of shipments around the Red Sea," Granholm said.

Persons: you've, Daan Struyven, Goldman Sachs, CNBC's Brian Sullivan, Struyven, Bob McNally, McNally, Bush, Antony Blinken, Daniel Yergin, Yergin, Michael Wirth, Tehran's, Wirth, CNBC's Sullivan, Joe Biden's, Jennifer Granholm, Granholm, Israel, Benny Gantz, Gantz, Biden's, Bob Yawger, Yawger, Brent Organizations: Shipping, Rapidan Energy Group, National Security Council, P Global, Brent, Chevron, U.S . Navy, NBC News . Energy, Mizuho, Energy Information Agency, Gulf Locations: Red, Iran, Hormuz, Persian, Israel, Strait, Yemen, Danish, U.S, Lebanon, Beirut, Lebanese, Islamic Republic, The U.S, Europe, South Africa, United States, East

☆ I shopped at Banana Republic and J. Crew to see which was having more success transforming its brand and winning over shoppers. The winner was clear.
▼ + stars: | 2023-12-05 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +2 min

Banana Republic and J. Crew are brands from a bygone era when safari cargo dresses and jewel-adorned oxfords were smart, chic office wear. Gap Inc. , which owns Banana Republic, has struggled to revive its appeal over the years. Banana Republic's third-quarter sales of $460 million were down 11% year-over-year, and its same-store sales were down 8%. For Banana Republic, that means improving clothing quality and elevating its aesthetic to become a quiet luxury brand .

Persons: —, Richard Dickson, Jenna Lyons, Libby Wadle, I'm Organizations: Service, Inc, Banana Republic, New York Times, Times

☆ I shopped at Banana Republic and J. Crew to see how their transformation is going. One was much more fun to shop.
▼ + stars: | 2023-12-02 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +2 min

Persons: —, Richard Dickson, Jenna Lyons, Libby Wadle, I'm Organizations: Service, Inc, Banana Republic, New York Times, Times

☆ Gutsy Australia see off Czechs to make Davis Cup semi-finals
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +3 min

"I've never seen anything like it live," Ebden said of their comeback victory. "I've seen it on TV back in the day, comebacks when your backs are against the wall. But what Alex did to give us the chance to come out here and fight was incredible. We were inside thinking we're one game away from being out of here and ... winning and going to the semi-finals, we couldn't be more proud. Australia were without Thanasi Kokkinakis, who was forced to withdraw from the Finals with an ankle injury.

Persons: deportes Martin, Matthew Ebden, Max Purcell, Czech Republic's Jiri Lehecka, Adam Pavlasek REUTERS, Violeta Santos Moura, Jiri Lehecka, Adam Pavlasek, Alex de Minaur, I've, Ebden, Alex, Tomas Machac, Jordan Thompson, Lleyton Hewitt's, Thompson, Machac, Thanasi Kokkinakis, Lehecka, De, De Minaur, that's, I'm, Novak Djokovic's, Shrivathsa Sridhar, Toby Davis Organizations: Australia, Palacio, deportes, deportes Martin Carpena, Czech, Rights, Davis, Novak Djokovic's Serbia, Thomson Locations: Czech Republic, Malaga, Spain, Australia, Finland, Canada, United States, Friday's, Czech, De Minaur, Italy, Netherlands, Thursday's, Bengaluru

☆ A Russian official said soldiers are dying in large numbers, but he'll get in trouble if he doesn't send more to fight, leaked video shows
▼ + stars: | 2023-11-17 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

A leaked video clip shows a Russian official saying troops are dying in droves in Ukraine. But Alexander Avdonin said he would get in trouble if he didn't send more, per Russian media. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA Russian official said that soldiers were dying in large numbers in Ukraine but that he could get in trouble if he didn't send more men to fight, according to Russian news outlet Siberia Realities . About 120,000 Russian soldiers have died since the full-scale invasion of Ukraine began in February 2022, US officials told The New York Times in August.

Persons: Alexander Avdonin, —, Avdonin, Dmitry Medvedev Organizations: Moscow Times, Service, Yakutia Foundation, Telegram, Eastern Military District, Russia's Security, Free Yakutia Foundation, UK Ministry of Defence, New York Times Locations: Ukraine, Siberia, Russia's, Republic, Sakha, Russia

☆ Gap's new CEO thinks he can make Banana Republic a 'quiet luxury' destination
▼ + stars: | 2023-11-17 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +3 min

He wants to turn Banana Republic into a quiet luxury brand. AdvertisementGap's new CEO wants to transform its Banana Republic brand into the next destination for quiet luxury. Dickson's plan to reverse this downward trend includes turning Banana Republic into a quiet luxury brand by elevating its aesthetic and product offerings. "We think Banana Republic has an opportunity to thrive in the quiet luxury space," Dickson said. Quiet luxury clothing and accessories are devoid of logos or prominent branding and typically come in neutral or muted colors.

Persons: Richard Dickson, —, Dickson, Loro Piana Organizations: Service, Republic, Mattel, Navy, Inc, Banana Republic Locations: Banana, Banana Republic

☆ Europe's far right joins rallying cry against antisemitism, unsettling some Jews
▼ + stars: | 2023-11-15 | by ( Michel Rose | ) www.reuters.com time to read: +6 min

Sandrine Rousseau, a Green lawmaker, said Le Pen's presence had made her uncomfortable. "Marine Le Pen was given rounds of applause several times in the march," a source close to her told Reuters. "For me, the DNA of the far right is antisemitism. But analysts say Le Pen and her party are succeeding in shifting public discourse and perceptions. "Voters are led to believe that the danger no longer comes from the far right, but from political Islam."

Persons: –, Le Pen's, Jean, Marie, Le, Pen, Le Pen, Daniel Levy, Sandrine Rousseau, Giorgia, Marie Le Pen's, Serge Klarsfeld, Yonathan Arfi, Richard Sulzer, Olivier Veran, pollster Levy, Michel Rose, Elizabeth Pineau, Juliette Jabkhiro, Angelo Amante, Sarah Marsh, Rachel Armstrong, Nick Macfie Organizations: Hamas, Rassemblement, National Front, pollster Harris Interactive, Reuters, Rassemblement National, Conservative Party, Le Figaro, Voters, Thomson Locations: France, Israel, Palestinian, Paris, PARIS, Europe, Italy, Germany, Britain, EUROPE, Nazi, constituencies, Rome, Berlin, London

☆ Doubles powerhouse Krejcikova, Siniakova part ways
▼ + stars: | 2023-11-12 | by ( ) www.reuters.com time to read: +1 min

Tennis - Billie Jean King Cup Finals - Estadio de La Cartuja, Seville, Spain - November 11, 2023 Canada's Gabriela Dabrowski and Leylah Fernandez celebrate after winning their doubles match against Czech Republic's Barbora Krejcikova and Katerina Siniakova REUTERS/Marcelo Del Pozo Acquire Licensing RightsNov 12 (Reuters) - Dynamic Czech duo Barbora Krejcikova and Katerina Siniakova will not play doubles together during the 2024 season, the WTA said on its website on Sunday, pausing their hugely successful partnership after collecting seven Grand Slam titles together. The pair won in San Diego in September but lost to Canadians Gabriela Dabrowski and Leylah Fernandez at the Billie Jean King Cup this weekend. Siniakova initiated the split after an injury-marred 2023, according to media reports, but did not rule out a potential reunion. The Olympic doubles champions picked up their seventh Grand Slam title at the Australian Open this year. Reporting by Amy Tennery in New York; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Billie Jean King, Canada's Gabriela Dabrowski, Leylah Fernandez, Krejcikova, Katerina Siniakova REUTERS, Marcelo Del Pozo, Barbora Krejcikova, Katerina Siniakova, Gabriela Dabrowski, Siniakova, Amy Tennery, Ken Ferris Organizations: La, Czech, WTA, Thomson Locations: Seville, Spain, San Diego, New York

☆ Volkswagen puts off east European gigafactory amid sluggish EV demand
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

A Volkswagen logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. It said earlier this year it was in no rush to make a decision. Czech officials said on Wednesday they would start offering their proposed site for Volkswagen's battery plant to other investors, saying they could not afford to wait any longer for a decision. "We cannot continue to hold the land for this project," Fiala told a news conference. Industry minister Jozef Sikela said talks were happening with five investors, with two of those projects on a similar scale to Volkswagen's plans.

Persons: David, Dee, Delgado, Oliver Blume, BEV, Blume, Petr Fiala, Fiala, Jozef Sikela, Jason Hovet, Louise Heavens, Mark Potter Organizations: New York, REUTERS, Rights, Volkswagen, Volkswagen's, Skoda Auto, Thomson Locations: Manhattan , New York City, U.S, Europe, Czech Republic, Hungary, Poland, Slovakia, Salzgitter, Germany, Valencia, Spain, St, Thomas, Canada, Volkswagen's Czech, Czech

☆ Turkish parliament won't speed up Sweden's NATO bid -committee chair
▼ + stars: | 2023-11-01 | by ( Huseyin Hayatsever | ) www.reuters.com time to read: +2 min

President Tayyip Erdogan submitted the ratification bill for Sweden's NATO membership bid to parliament last month, a move welcomed by Stockholm as it would clear the way for it to join the Western defence alliance. NATO Secretary General Jens Stoltenberg has said he wants a "speedy vote" by Turkey's parliament and that the process was "going well". "Sweden's NATO membership is just one of the international agreements on our agenda waiting for ratification," Oktay told a meeting of lawmakers. The Sweden NATO membership bill must be approved by the committee before a vote by the full parliament, at which point Erdogan would sign it into law. Finland's membership was sealed in April, but Sweden's bid had been held up by Turkey and Hungary.

Persons: Tayyip Erdogan, Ataturk, Cagla, Jens Stoltenberg, Fuat Oktay, Oktay, Erdogan, Sweden's, Huseyin Hayatsever, Jonathan Spicer, Mark Heinrich Our Organizations: REUTERS, Rights, NATO, Sweden NATO, Kurdistan Workers ' Party, Thomson Locations: Anitkabir, Ankara, Turkey, Rights ANKARA, Turkish, Stockholm, Sweden, Finland, Ukraine, Hungary, Kurdistan

☆ Ford claims Pan Am decathlon crown as Chile downs U.S. in soccer
▼ + stars: | 2023-11-01 | by ( Steve Keating | ) www.reuters.com time to read: +3 min

SANTIAGO, Oct 31 (Reuters) - Chileans celebrated one of their biggest nights of the Pan American Games on Tuesday with Santiago Adolfo Ford claiming decathlon gold and the women's soccer team winning a 2-1 thriller over the U.S. to reach the final. The judo competition closed with Cuba beating Brazil to win the mixed team title and the great Idalys Ortiz adding another gold to her glittering resume. It was the perfect Pan Am Games goodbye for the 34-year-old four-times Olympic medallist, who has announced she will retire after next year's Paris Summer Games. Fencing was an all-American battle on Tuesday with Tokyo Olympic bronze medallist Nick Itkin and Magda Skarbonkiewicz taking gold. The U.S. continues to top the medal table with 76 gold while it closes in on 200 total medals with 178.

Persons: SANTIAGO, Santiago Adolfo Ford, Ford, Jose Fernando Ferreira, Ryan Talbot, Damian Warner, Karen Araya, Yanara Aedo, Dominican Republic's Jose Alnardo Gonzalez, Caridad Garcia, Kasey Knevelbaard, Canada's Charles Philibert, Thiboutot, Colombia's Arnovis, Jesus Dalmero, Idalys Ortiz, Ortiz, Driulis Gonzalez, Nick Itkin, Magda Skarbonkiewicz, romped, Miles Chamley Watson, Maia Chamberlain, Amy Wang, Rachel Sung, Brazil's Giulia, Bruna Takahashi, Jorge Campos, Andy Diez, Brazil's Hugo Calerano, Vitor Ishiy, Steve Keating, Robert Birsel Organizations: Pan American Games, Ford, Canada's Tokyo, Pan Ams, Vina del Mar, Estadio Sausalito, U.S, Cuba, Pan, Tokyo Olympic, Brazil's, Thomson Locations: Toronto, Lima, Vina del, Chile, Mexico, Dominican, U.S, Brazil, Cuba, Canada, Venezuela, Cuban, Santiago

[1/3] The Federal Deposit Insurance Corp (FDIC) logo is seen at the FDIC headquarters in Washington, February 23, 2011. FDIC Chairman Martin Gruenberg said in March the agency was also probing possible misconduct related to the collapses of Silicon Valley Bank (SVB) and Signature Bank (SBNY.PK) New York. As with SVB and Signature Bank, the FDIC is probing whether First Republic executives and board members broke rules that require them to act in the bank's best interests. NO ACTIONThe March implosions of SVB and Signature Bank sparked a deposit run at First Republic. FDIC bank failure probes can take years.

Persons: Jason Reed, Martin Gruenberg, SVB, Michael Roffler, James Herbert, Roffler, Michael Krimminger, IndyMac, Michael Perry, Douglas Gillison, Christine Prentice, Michelle Price, Matthew Lewis Organizations: Federal Deposit Insurance Corp, REUTERS, Federal Deposit Insurance Corporation, First Republic Bank, Reuters, FDIC, Valley Bank, Signature Bank, Regulators, First Republic, U.S . Justice Department, Securities, Exchange Commission, SEC, First, Bloomberg, Federal, JPMorgan Chase &, JPMorgan, Reserve, New, Thomson Locations: Washington, Republic, New York, First Republic, Massachusetts, SVB

☆ Athletics takes Pan Am spotlight but 100 metres left in shadows
▼ + stars: | 2023-10-31 | by ( Steve Keating | ) www.reuters.com time to read: +3 min

While there has been a lack of quality and depth across many of the sports in Santiago, it was never more glaring than at the first day of athletics. The Pan American region has for decades produced some of the world's greatest sprinters, including Usain Bolt. Brazil's Izabela Rodrigues claimed the first gold of the athletics competition winning the women's discus while the women's long jump title went to Colombia's Natalia Linares. Chile's Lucas Nervi delighted a small but supportive opening day home crowd, taking top spot on the podium in the men's discus. "I feel happy, for the medal for my country, which is the most important thing, along with qualification," said Mesinas.

Persons: Jamaica's Shelly, Ann Fraser, Pryce, Bernadett Szabo, Carl Lewis, Gail Devers, Don Quarrie, Ann Fraser Pryce, Felipe Bardi, Erik Barbosa, Dominican Republic's Jose Gonzalez, Usain, Noah Lyles, Brazil's Izabela Rodrigues, Colombia's Natalia Linares, Chile's Lucas Nervi, Peru's Luz Mery Rojas, Tatiana Weston Webb, Sanoa Dempfle, Olin, Peru's, Peru's Lucca Mesinas, Venezuela's Francisco, Mesinas, Weston Webb, Canada's Dylan, Chile's Pablo Nunez, Lee Kiefer, Canada's Grace Harvey, Daniela Fonseca, Jorge Campos, Brazil's Bruna Takahashi, Vitor Ishiy, Steve Keating, Miral Organizations: Athletics Centre, Rights, Athletics, Pan American Games, Pan, Games, Colombian Ronal Longa, Tuesday's, Pan Ams, U.S, Peru's Lucca, Paris, United States, Thomson Locations: Budapest, Hungary, Santiago, Shelly, Colombian, Dominican, Dominican Republic, Peru, United States, Brazil, Canada

The winner of the lucrative contract will then have an option to build three more nuclear reactors in the country. Last year, the Czech government excluded Russia’s energy giant Rosatom and China’s CNG from the tender process on security grounds. Political Cartoons View All 1227 ImagesPrime Minister Petr Fiala said Russian participation in the project, which is critical for the Czech Republic's energy security, was “unimaginable” following the Kremlin’s invasion of Ukraine. The Czech Republic already relies on six nuclear reactors to generate more than a third of its total electricity. In a separate deal, CEZ had signed a deal with U.S. energy giant Westinghouse Electric Co. to supply nuclear fuel for the Dukovany nuclear plant, eliminating dependence on Russia for such fuel.

Persons: Korea’s, CEZ, Petr Fiala Organizations: U.S, Westinghouse, France’s EdF, Union, Westinghouse Electric Co Locations: PRAGUE, Czech, Ukraine, Czech Republic, Dukovany, Austria, Germany, Central Europe, Slovakia, Hungary, Poland, Russia

☆ Turkey is celebrating 100 years as a republic. But today’s nation is a long way from 1923’s secular state
▼ + stars: | 2023-10-30 | by ( Zara Khan | ) edition.cnn.com time to read: +10 min

Today’s Turkey, however, is starkly different from the secular, Westernized state envisioned by Ataturk 100 years ago. The Turkish republic as imagined by Ataturk was firmly rooted in the West and a quick succession of reforms sought to modernize a population decimated by war. People often express such justification through religion, Murat Somer, a professor of political science at Ozyegin University in Istanbul, told CNN. What Ataturk may have been most proud of in today’s Turkey, however, is its growing influence on the world stage, analysts say. In 1926, after an assassination plot against him was discovered, Ataturk told his new nation: “One day my mortal body will turn to dust, but the Turkish republic will stand forever.”

Persons: Recep Tayyip Erdogan, Erdogan, Mustafa Kemal Ataturk, Ataturk, Hagia Sofia, Ataturk’s, weren’t, Ozel, Murat Somer, ”, Somer, “, Ayse, Ismet Inonu, Power, Ataturk “, ” Somer, Adem Altan, “ I’m, ” Zarakol, ” Ozel Organizations: CNN, Turks, Ataturk, Hagia, Ottomans, Hulton, International Relations, Kadir Has University, Ozyegin University, Republican People’s Party, University of Cambridge, Anitkabir, Sunday, Getty, NATO, East, Central Asia Locations: Istanbul, Turkish, Ottoman, Today’s Turkey, Ottoman Empire, Europe, Russia, Anatolia, Ankara, The Turkish, West, fez, Hagia Sofia, Turkey, Hagia, Kasimpasa, “, Ataturk, Turkish Republic, AFP, today’s Turkey, Ukraine, Central

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