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☆ I quit my job at Goldman Sachs to risk it all on a crypto startup. Then the industry crashed.
▼ + stars: | 2024-05-24 | by ( Lauren Crosmedlicott | ) www.businessinsider.com time to read: +8 min

Luckily, Goldman hadn't filled the role, so I started working for them in November 2018. Working at Goldman Sachs would always be limitingI liked working as a trader at Goldman, but it wasn't fulfilling. I slowly realized that working for Goldman or any company, the end goal is limited to possibly being a partner. At the same time all this was happening, Luna Crypto, followed by the crypto market, crashed. AdvertisementThe crypto industry had been decimated, and I'd lost around two-thirds of my savings in cryptocurrency.

Persons: —, Hong, Goldman Sachs, wasn't, Goldman hadn't, There's, I'd, Matthew, Aaron, He'd, Aron, Goldman, Luna Crypto, I, FTX, We're Organizations: Service, Credit Suisse, Business, Amazon, Goldman Locations: Hong Kong, Canada, Barcelona, Singapore, cryptocurrency

☆ Turkish markets are 'on the verge of a renaissance moment,' Citi says
▼ + stars: | 2024-05-24 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

After more than half a decade of dramatically depreciating currency, burning through FX reserves and unorthodox monetary policy, Turkey's economy is battle-scarred. New economic and central bank team appointments since roughly a year ago appear dedicated to reversing Turkey's fortunes, no matter how painful the process. The central bank oversaw an aggressive cumulative rate increase of 3,650 basis points between May 2023 and January 2024. It said at the time that "tight monetary stance will be maintained until a significant and sustained decline in the underlying trend of monthly inflation is observed." "The authorities' shift towards policy normalization has galvanized investor interest in Turkish assets," according to a Citi report published Thursday.

Persons: Recep Tayyip Erdogan Organizations: Citi Locations: Turkey

☆ Iga Świątek: How ‘introverted’ tennis star became a four-time grand slam champion and the world’s highest-paid female athlete
▼ + stars: | 2024-05-24 | by ( George Ramsay | ) edition.cnn.com time to read: +8 min

CNN —Calm and understated, Iga Świątek rarely appears flustered by the triumphant highs and heart-breaking lows of professional tennis, but discovering that she would be crowned world No. Since rising to the top of the rankings, the Polish star has been a dominant force in women’s tennis, winning 16 titles – 21 in total – and only once dropping from the No. “When we started working in 2019, I was really, really introverted,” says Świątek. Last year, she became the first female athlete to be sponsored by sportswear brand On and has helped to develop the company inaugural tennis range. Świątek was estimated by Forbes to be the world's highest-paid female athlete last year.

Persons: Świątek, ”, “, –, ” Świątek, Aryna Sabalenka, Susana Vera, Roland Garros, you’re, there’s, hasn’t, “ We’re, Yves Herman, Daria Abramowicz, Karolína Muchová, Julien de Rosa, it’s, Eileen Gu, Coco Gauff, Emma Raducanu, Naomi Osaka, Aryna, Williams, Maria, Sharapova, ” Max Eisenbud, Taylor Swift, Andre Agassi, Lindsey Vonn, Robert Prange, Eisenbud, I’ve, ” “, Monica Seles, Justine Henin – Organizations: CNN, tennis, CNN Sport, Madrid, Reuters, Porsche, Rolex, Getty, Forbes ’, Tennis, Forbes, Serena, Brands Locations: Madrid, Rome, AFP, American, Świątek

☆ The draw has been made for Rafael Nadal at the French Open. It couldn’t have gone much worse for the Spaniard
▼ + stars: | 2024-05-24 | by ( Matias Grez | Sammy Mncwabe | ) edition.cnn.com time to read: +2 min

4 Alexander Zverev in the opening round of what is set to be the final French Open of his career. While Nadal has beaten Zverev seven times in their previous 10 meetings, the German is one of the favorites to lift the title. The fourth seed arrives at Roland Garros full of confidence after winning the Italian Open last week, his ninth Masters 1000 title. The two last met in an intense 2022 French Open semifinal where Zverev retired mid-match following an ankle injury that sidelined him for the rest of the year. The 22-time grand slam champion even admitted after his heavy second-round defeat to Hubert Hurkacz at the Italian Open earlier this month that he wasn’t sure if would be able to play at the French Open.

Persons: CNN — Rafael Nadal, Alexander Zverev, Roland Garros, Nadal, Zverev, Spaniard, Hubert Hurkacz, Novak, Tomas Machac, Stanislas Wawarinka, Andy Murray Organizations: CNN, Nadal, Madrid

☆ Sam Altman's time as the golden child of tech might be coming to an end
▼ + stars: | 2024-05-24 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAI's golden boy, Sam Altman, may be starting to lose his luster. The company has also been dealing with comments from former executives that its commitment to AI safety leaves much to be desired. This story is available exclusively to Business Insider subscribers. ScaJo scandalThe criticism around AI safety is the latest blow for Altman, who is fighting battles on multiple fronts.

Persons: —, Sam Altman, Gretchen Krueger, Jan Leike, Ilya Sutskever, Altman, Stuart Russell, Russell, Scarlett Johansson, Paul Morigi, OpenAI Organizations: Service, Business, Wednesday, UC Berkeley, Microsoft Locations: OpenAI, Russian

☆ Israel faces unprecedented challenges as legal and diplomatic pressure mounts
▼ + stars: | 2024-05-24 | by ( Abbas Al Lawati | ) edition.cnn.com time to read: +7 min

Never before has the Jewish state come under such intense and sustained international pressure from multiple fronts for its policies towards the Palestinians. But the most significant of those may be the legal and diplomatic action taken against Israel this month. They have accused critics of antisemitism and vowed not to relent in the face of international pressure. Israel and the US maintain that a Palestinian state should only be established through a negotiated settlement. This week, Ireland, Spain and Norway announced plans to formally recognize a Palestinian state, saying they hope the move would prod other European nations to follow suit.

Persons: CNN — It’s, Benjamin Netanyahu, Yoav Gallant, Sudan’s Omar Al Bashir, Russia’s Vladimir Putin, Libya’s, Israel’s, ” Netanyahu, Yolanda Díaz, Israel, Netanyahu, Bill Burns, Gallant, CNN’s Christiane Amanpour, Karim Khan, Putin, ”, Ismail Haniyeh, Yahya Sinwar, Mohammed Deif, Antony Blinken, we’re, Lindsey Graham Organizations: CNN, Criminal Court, International Court of Justice, Hamas, United Nations, UN, Assembly, US, CIA, AFP, Getty, ICJ, ICC, Global Locations: Israel, Gaza, Rafah, Palestinian, Ireland, Spain, Norway, Palestine, Europe, Asia, Africa, South America, Germany, Nicaragua, United Kingdom, France

☆ Japanese stocks are rallying this year. But one key group of investors is missing
▼ + stars: | 2024-05-24 | by ( Hakyung Kim | ) www.cnbc.com time to read: +6 min

Japanese stocks are enjoying a banner year, with foreign investors plowing into the market. Japanese investors are hesitant Japanese investors have long been skeptical of the local stock market after the asset price bubble burst in the early 1990s. Another reason Japanese investors may not be as keen on their domestic market could be the yen falling sharply. Outlook for Japanese stocks still strong Despite the recent bout of selling from local investors and the market's recent struggles, many global investors remain bullish on Japanese stocks. This is another "slow-moving but important tailwind to Japanese stocks," with more room to run, according to Zachary Hill, Horizon Investments head of portfolio management.

Persons: Goldman Sachs, Morgan Stanley, Kishida, Julian McManus, Janus Henderson, Bernstein, Zachary Hill, Raymond Chan, Chan, McManus, he's, Warren Buffett Organizations: Japan Exchange Group, Nikkei, Bank of Japan, U.S ., Ministry of Internal Affairs and Communications, Investment, Association, Prime, Nippon, Savings, U.S, Horizon Investments, Federal Reserve, Asia Pacific, Allianz Global Investors, Mitsui, Itochu, Sumitomo Locations: U.S, Japan, Asia

☆ Celine Dion chronicles her battle back to the stage after stiff person syndrome diagnosis in documentary trailer
▼ + stars: | 2024-05-23 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +2 min

CNN —Celine Dion knows how powerful love can be. This is especially apparent in the new trailer for her upcoming documentary “I Am: Celine Dion,” in which she showcases how much her love of singing and performing live keeps her going while living with stiff person syndrome, a rare neurological disorder. If I can’t walk, I’ll crawl,” she adds, with tears in her eyes. Dion announced in December 2022 that she was taking time off from professional commitments to focus on her health after revealing her stiff person syndrome diagnosis. “I need my instrument.”“I Am: Celine Dion” will be available to stream on Prime Video on June 25.

Persons: Celine Dion, “, it’s, Dion, ”, ” Dion, Celine Dion ” Organizations: CNN, ”, National Institute of Neurological Disorders Locations: ”

☆ Struggle to see where a Nvidia competitor would come from, analyst says
▼ + stars: | 2024-05-23 | 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 EmailStruggle to see where a Nvidia competitor would come from, analyst saysBen Wood, chief analyst at CCS Insight, discusses yet another bumper set of results from Nvidia with CNBC's Karen Tso and Arjun Kharpal at Vivatech in Paris.

Persons: Ben Wood, Karen Tso, Arjun Kharpal Organizations: CCS Insight, Nvidia Locations: Vivatech, Paris

☆ TikTok is becoming a new GoFundMe, with views replacing donations to help people get out of debt
▼ + stars: | 2024-05-22 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Read preview"We are paying off each other debt on TikTok," a creator recently declared. The creator, named Yolanda, was gushing about the "pay off each other's debt" trend that seems to have become popular on the app. More than 4,000 videos have been posted under the #payoffdebttrend hashtag on TikTok, with creators asking for help for various reasons including medical bills, student debt, and unexpected costs. The requirements for earning money on TikTok are to have at least 10,000 followers and to have amassed 100,000 video views in the previous 30 days. AdvertisementAccording to creators who previously spoke with BI in 2022, the amount TikTok pays creators varies widely from a few pennies to $17 per 1,000 views.

Persons: —, Yolanda, TikTok, Katya Varbanova, Jake Heisenburg, Heisenburg, commenter, didn't, he'd, Markia Brown, Mark Tilbury, Varbanova, it's, Brown, isn't Organizations: Service, Business, New York Federal Reserve Bank, TikTok, Facebook Locations: TikTok, Experian

☆ Embattled AI firm Appen loses more executives, months after Alphabet cut ties
▼ + stars: | 2024-05-22 | by ( Hayden Field | ) www.cnbc.com time to read: +4 min

Appen, the embattled artificial intelligence firm that once helped train AI models for tech giants including Microsoft , Nvidia and Google , has lost its executives in charge of revenue and marketing. The departures follow Alphabet 's announcement in January that it was cutting all contractual ties with Appen, which once helped train Google's chatbot and other AI products. Two weeks after that decision, Appen CEO Armughan Ahmad left after just 12 months on the job. After a "strategic review process," Alphabet notified Appen in January of the termination, which went into effect March 19, according to a filing from Appen. Companies are spending far more on processors from Nvidia and less on external AI training from companies like Appen.

Persons: Andrew Ettinger, Alicia Hale, Ryan Kolln, Google's, Armughan Ahmad, Appen's, Kolln, OpenAI's ChatGPT, Appen didn't Organizations: Microsoft, Nvidia, Google, CNBC, Apple, Amazon, Appen, Australian Securities Exchange Locations: Australian

☆ UK general election: PM Rishi Sunak calls surprise July vote as his party seeks to defy dire polls
▼ + stars: | 2024-05-22 | by ( Rob Picheta | ) edition.cnn.com time to read: +6 min

London CNN —UK Prime Minister Rishi Sunak announced a snap general election for July 4 in a statement outside Downing Street on Wednesday evening, as his Conservative Party faces an uphill struggle to extend its 14 years in power. But a fall in inflation rates, announced earlier Wednesday, provided the backdrop for his announcement. The move will be welcomed by the buoyant Labour Party, led by Keir Starmer, which is soaring in the opinion polls and has sought to present itself as a reformed and moderate group that is ready for power. Sunak walks back inside on Wednesday after announcing the July 4 date for the election. But Johnson’s premiership collapsed after a string of scandals, paving the way for his then-finance minister Sunak to emerge as a frontrunner for the leadership.

Persons: Rishi Sunak, Sunak, Downing, King Charles III of, “, ” Sunak, Keir Starmer, Buckingham, Queen’s, Starmer, ”, Carl Court, Liz Truss, Boris Johnson, —, Theresa May —, King Charles III Organizations: London CNN —, Conservative Party, Conservative, Labour Party, Labour, Liberal Democrats, Conservatives, Party, Scottish National Party, European Union, Tories Locations: Britain, Buckingham Palace, Ukraine, Downing, Sunak, United Kingdom, Rwanda, Britain’s

☆ Strong spending is obscuring an economy that isn’t working for many Americans
▼ + stars: | 2024-05-22 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —Even after years of inflation, geopolitical chaos and recession in Europe, the US economy remains robust and resilient. Unemployment rose to 3.9% last month, lower-income consumers are spending less and businesses are limiting employee hours and pay. A recent survey by Santander Bank of its customers found that while inflation fears have largely subsided, middle-income Americans are pessimistic about the economy. Those Americans could still be suffering, but their stories are obscured by data that paints a broad picture of a resilient economy. Piepszak, meanwhile, now leads the company’s newly combined commercial and investment bank with her co-CEO Troy Rohrbaugh.

Persons: ”, Gregory Daco, haven’t, Skyler Weinand, Regan, “, ” Nanette Abuhoff Jacobson, Bryan Mena, What’s, Jamie Dimon, Here’s, Dimon, he’s, —, ” Dimon, can’t, “ Dimon, Marianne Lake, Jennifer Piepszak, Piepszak, Troy Rohrbaugh, Rohrbaugh, Mary Erdoes, Jeremy Barnum, Daniel Pinto, COOs Gordon Smith, Smith, Satya Nadella, Bing Organizations: CNN Business, Bell, New York CNN, Regan Capital, Santander Bank, Hartford Funds, Bureau of Labor Statistics, Federal Reserve, JPMorgan, JPMorgan Chase, Bank of America, Microsoft Locations: New York, Europe, Redmond, Washington

☆ I taught college for almost a decade, and I want parents to stop forcing their kids into college. There are other options.
▼ + stars: | 2024-05-21 | by ( Rachel Garlinghouse | ) www.businessinsider.com time to read: +5 min

The overwhelming and overriding culprit of my students' college failures was their parents. They were terrified of letting their parents know that money had been "wasted" or that they didn't meet their parents' own college dreams for their kids. Look into community collegeSo many students told me their parents turned their noses up at the idea of their child attending a community college, and my question is: Why? AdvertisementI attended a community college and eventually became a college teacher. Community college is cheaper, sometimes more conveniently located, and offers a less abrupt and extreme step between high school and a university.

Persons: — Organizations: Service, Students, Business, Community

☆ Federal appeals court rejects Hunter Biden’s latest bid to pause gun trial
▼ + stars: | 2024-05-21 | by ( Marshall Cohen | ) edition.cnn.com time to read: +3 min

CNN —A federal appeals court on Tuesday rejected the latest attempt by Hunter Biden to pause his upcoming gun trial while the president’s son pursues some long-shot appeals. The quick decision came from the same three-judge panel that previously rejected one of Hunter Biden’s attempts to throw out the indictment. This is one of several bids by Hunter Biden to slow down or postpone his gun trial. Hunter Biden testified at a court hearing last year that he has been sober since 2019. That trial is scheduled for late June, a few weeks after the gun case is expected to wrap up.

Persons: Hunter Biden, Hunter Biden’s, Joe Biden, hasn’t, David Weiss, he’s, Weiss, Hunter, Beau Biden, Prosecutors, Weiss ’, Hallie Biden, Biden’s, Beau, Hallie Biden’s, ” Weiss ’, Stuart Goldberg Organizations: CNN, Republican, Democratic, Justice Department, Justice Locations: Delaware, California, Los Angeles

In the Opinion video above, Dr. Samer Attar, an American surgeon from Chicago, shows us the unfathomable brutality of the war in Gaza. He was a member of the first delegation of international doctors to embed in the northern part of the territory this spring. Over two weeks, Dr. Attar volunteered at local hospitals and filmed what he saw. Dr. Attar’s video diaries capture the war’s toll on civilians and the struggle among Palestinian medical workers to save lives amid extreme shortages of critical medicine, blood and basic supplies in Gaza’s shattered health care sector. As pressure for a cease-fire mounts, Dr. Attar argues in this video that any agreement must include three concrete terms to save thousands of innocent lives in Gaza.

Persons: Samer Attar, Dr, Attar, —, Attar’s Organizations: Awda, Sunday Locations: American, Chicago, Gaza

☆ Adams vs. Adams: A Power Struggle in New York City Turns Ugly
▼ + stars: | 2024-05-21 | by ( Dana Rubinstein | ) www.nytimes.com time to read: +1 min

Amid growing public dissatisfaction with Mayor Eric Adams’s job performance, the New York City Council speaker, Adrienne Adams, was about to make a power play. Ms. Adams was preparing to introduce legislation on Thursday that would require the mayor to obtain Council approval on 21 commissioner-level appointments, according to a draft of the bill that the speaker’s office shared with The New York Times. The move would significantly curtail the mayor’s authority by adding a level of Council oversight. It would require a citywide voter referendum, because it proposes to curb the power of the mayor. Only one member was named; other names, the release said, would be forthcoming.

Persons: Eric Adams’s, Adrienne Adams, Adams Organizations: New, New York City Council, The New York Times, Times, Commission Locations: New York City

☆ How teens view social media’s impact on their mental health
▼ + stars: | 2024-05-21 | by ( Kristen Rogers | ) edition.cnn.com time to read: +7 min

In conversations about these phenomena, social media has consistently been at the center, though mental health issues can have multiple contributing factors. Those with depression were more susceptible to social comparison and pressure to show their best selves on social media. Many young people reported an inability to control their use, social media distracting from other activities and unconsciously reaching for social media when bored. Ask the teens in your life what they like about these platforms and what types of connections or activities support their mental health, Lenhart said. Let them know you’re there to help figure out a solution if social media is upsetting them or interfering with other responsibilities.

Persons: ”, Amy Green, “, Amanda Lenhart, Mitch Prinstein, Prinstein wasn’t, ” Lenhart, Douglas Gentile, ” Gentile, wasn’t, ” Prinstein, Lenhart, Prinstein, “ Young Organizations: Lifeline, CNN, Sense Media, Opinion Research, University of Chicago, Sense, American Psychological Association, Social, Black, Iowa State University Locations: Hopelab

☆ Is the Party That Ended Apartheid Losing Its Grip on South Africa?
▼ + stars: | 2024-05-21 | by ( John Eligon | ) www.nytimes.com time to read: +2 min

The stadium boomed with chants like “We thank you, A.N.C., today we are joyful!” and it was hard to miss the gestures of solidarity with other liberation movements. Hanging high above the crowd was a Cuban flag, a reminder that Cuba was an important ally in the A.N.C.’s armed struggle. The spectators, who included officials from the liberation movements that now govern Zimbabwe, Namibia, Angola and Mozambique, soaked up the event as if it were a spiritual experience. South Africa today struggles to provide the most basic needs for its people. The murder rate is among the highest in the world (six and a half times higher than in the United States), and most South Africans live in poverty.

Organizations: International Court of Justice Locations: Cuban, Cuba, Palestinian, Gaza, Israel, Zimbabwe, Namibia, Angola, Mozambique, South Africa, United States, Johannesburg

☆ Power Struggle in Vietnam Brings Third President in Less Than 2 Years
▼ + stars: | 2024-05-21 | by ( Sui-Lee Wee | ) www.nytimes.com time to read: +1 min

A powerful security official was named president of Vietnam on Wednesday, the third person in the job in less than 18 months amid jostling ahead of a generational change in leadership. On Monday, lawmakers approved the nomination of Tran Thanh Man, 61, as the chairman of the National Assembly. Consequently, both General Lam and Mr. Man could be in the running to replace Nguyen Phu Trong, who has been the party chief for the past 13 years. Mr. Trong, 80, is serving an unprecedented third five-year term as leader after he was re-elected in 2021. The succession vacuum has led to an intense power struggle in Vietnam — which was once known for its stable and scripted politics — ahead of the next leadership transition in 2026.

Persons: Lam, Tran, General Lam, Nguyen, Trong Organizations: Vietnamese Communist Party, National Assembly Locations: Vietnam, Tran Thanh

☆ A 'strangle' options trade on a top cybersecurity stock reporting after the bell
▼ + stars: | 2024-05-20 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

Cybersecurity stock Palo Alto Networks (PANW) will be reporting Monday after the close. The following table includes ten stocks reporting earnings this week where the options market is implying moves of 7% or greater. Palo Alto Networks was hard hit after they reported earnings on February 20th. PANW YTD mountain Palo Alto Networks, YTD Palo Alto Networks is a global network security solutions provider. Palo Alto has recovered roughly half the decline the stock suffered following its earnings release last quarter.

Persons: Nikesh Arora, Zscaler, PANW Organizations: Palo Alto Networks, Networks, Palo Locations: Palo, Palo Alto

☆ Americans are going into debt to buy groceries. Here's why those balances can be difficult to pay down
▼ + stars: | 2024-05-20 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

Lordhenrivoton | E+ | Getty ImagesMany shoppers have been shocked by what they pay at the grocery store checkout. Many families dipped into their savings or turned to credit cards, buy now, pay later installment programs or payday loans to pay for groceries in 2023, according to new research from the Urban Institute. watch now"That might mean that folks are having to rely on liquidity sources other than their income to be able to meet their very basic needs, their food needs," she said. Households with greater levels of food insecurity were more likely to use payday loans, buy now, pay later programs or savings to pay for basic needs, according to the Urban Institute. Of those who used buy now, pay later for groceries, 37% of adults missed payments on those loans.

Persons: Kassandra Martinchek, It's Organizations: Getty, Urban Institute

☆ How I built a billion dollar coffee company called Kopi Kenangan
▼ + stars: | 2024-05-20 | by ( Ernestine Siu | ) www.cnbc.com time to read: +12 min

And recognizing that very notion is what makes Indonesian coffee chain Kopi Kenangan different from many of its competitors. Which is why this cup of Kopi Kenangan coffee here in Singapore may taste different from a cup in Indonesia. Edward Tirtanata: Before I started Kopi Kenangan, I started this tea chain called Lewis and Carroll. And that is why our first menu is called Kopi Kenangan Mantan, which directly translates into, memory of my ex-girlfriend coffee. Ernestine Siu: In 2019, Kopi Kenangan received its first outside investment of $8 million from venture capital firm Alpha JWC Ventures.

Persons: Edward Tirtanata, Ernestine Siu, It's, Serena Williams, Jay, Eduardo Savrin's, Edward, Kopi Kenangan, Carroll, James Prananto, James, Little, Kopi, creamer Organizations: Alpha JWC Ventures, Northeastern University, Starbucks, Entrepreneurship, Toyota Locations: Jakarta, Singapore, New York, Indonesia, Vietnam, Southeast Asia, Boston, United States, Kopi, Bandung, U.S, Indonesian

☆ Britain expands AI safety institute to San Francisco amid scrutiny over regulatory shortcomings
▼ + stars: | 2024-05-20 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

The government on Monday announced it would open a U.S. counterpart to its AI safety summit, a state-backed body focused on testing advanced AI systems to ensure they're safe, in San Francisco this summer. The U.S. iteration of the AI Safety Institute will aim to recruit a team of technical staff headed up by a research director. In a statement, U.K. Technology Minister Michelle Donelan said the AI Safety Summit's U.S. rollout "represents British leadership in AI in action." The AI Safety Institute was established in November 2023 during the AI Safety Summit, a global event held in England's Bletchley Park, the home of World War II code breakers, that sought to boost cross-border cooperation on AI safety. The government said that, since the AI Safety Institute was established in November, it's made progress in evaluating frontier AI models from some of the industry's leading players.

Persons: Ian Hogarth, Michelle Donelan, it's, Anthropic Organizations: LONDON, Monday, AI, Technology, Safety, U.S, Microsoft, AI Safety, Institute, Seoul, European Union Locations: San Francisco, California, United States, U.S, London, British, Bay, OpenAI, England's Bletchley, South Korea, Bletchley Park, Seoul, Britain, European

☆ 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

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