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☆ Live updates: Israel-Hamas war in Gaza, Benny Gantz ultimatum, Netanyahu government in turmoil
▼ + stars: | 2024-05-20 | by ( Chris Lau | ) edition.cnn.com time to read: +3 min

Rescue teams' vehicles are seen near the site of the incident of the helicopter carrying Iranian President Ebrahim Raisi in Varzaghan in northwestern Iran, on May 19. It has also brought a decades-long shadow war between Iran and Israel out into the open. But the proxy war continues with Iran-backed militias such as Hamas and Hezbollah continuing to fight Israel’s forces. The powers of Iran's president are ultimately dwarfed by those of Supreme Leader Ayatollah Ali Khamenei, who is the final arbiter of domestic and foreign affairs in the Islamic Republic. That means Iran's clerical establishment, headed by Khamenei, must now find a new leader they can throw their support behind against a backdrop of intense regional insecurity and domestic discontent.

Persons: Ebrahim Raisi, Azin, Israel —, Israel, Mahsa, Raisi, Ayatollah Ali Khamenei, —, Mohammad Mokhbar —, Khamenei Organizations: Moj News Agency, Hamas, Revolutionary Guards, United Locations: Varzaghan, Iran, Gaza, Israel, Damascus, Iranian, Isfahan, United Nations, Islamic Republic

is the United Nations bureau chief for The Times, leading coverage of the organization, and also covers Iran and the shadow war between Iran and Israel. She is based in New York.

Organizations: United Nations, The Times Locations: Iran, Israel, New York

☆ United Airlines flight with 157 passengers got diverted to Ireland after a laptop became stuck in a business-class seat
▼ + stars: | 2024-05-20 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

A United Airlines flight was 500 miles over the Atlantic Ocean when it turned around. A passenger's laptop became stuck in their business class seat, Paddle Your Own Kanoo reported. The 157 passengers had to stay overnight in Ireland because the flight crew timed out. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA transatlantic United Airlines flight had to turn around after a business class passenger's laptop got stuck in their seat, travel news site Paddle Your Own Kanoo reported.

Persons: — Organizations: United Airlines, Service, Boeing, Business Locations: Ireland, Zurich, Chicago, Shannon

☆ Aggression or Caution: The Choice Facing Iran’s Next Leaders
▼ + stars: | 2024-05-20 | by ( David E. Sanger | ) www.nytimes.com time to read: +1 min

In their three years in power, President Ebrahim Raisi of Iran and his equally hard-line foreign minister, Hossein Amir Abdollahian, did everything they could to consolidate the “Axis of Resistance” against the United States and Israel. They armed the Houthis, feeding the militia intelligence that fueled attacks on cargo ships in the Red Sea. But for all those aggressive moves, the two men, both killed in a helicopter crash in the mountains near Azerbaijan on Sunday, were also careful. Last week, days before their deaths, they approved talks with the United States through intermediaries aimed at making sure the war in Gaza was not the prelude to a wider war in the Middle East. And they stopped just short of making those bombs, at least as far as American intelligence agencies and international inspectors can determine.

Persons: Ebrahim Raisi, Hossein Amir Abdollahian, Israel Organizations: Hezbollah Locations: Iran, United States, Israel, Red, Azerbaijan, Gaza

London CNN —WikiLeaks founder Julian Assange will find out Monday whether he can make a final challenge against his extradition to the United States. LEON NEAL/AFP/Getty Images Assange attends a seminar at the Swedish Trade Union Confederation in Stockholm on August 14, 2010. LEON NEAL/AFP/Getty Images Assange and his bodyguards are seen after a news conference in Geneva, Switzerland, in November 2010. Carl Court/Getty Images Assange speaks to the media in May 2017, after Swedish prosecutors had dropped their investigation of rape allegations against Assange. Jack Taylor/Getty Images Assange was seen for the first time in months during a hearing via teleconference in Quito, Ecuador, in October 2018.

Persons: Julian Assange, Assange, Victoria Sharp, Jeremy Johnson —, Stella Assange, ” “ Julian, ”, Kristinn Hrafnsson, Jack Taylor, LEON NEAL, BERTIL ERICSON, FABRICE COFFRINI, Carl Court, Geoff Caddick, Oli Scarff, CARL COURT, Leon Neal, Philip Toscano, Ricardo Patino, Frank Augstein, David Paul Morris, John Stillwell, Mike, Pompeo, Maria Sol Borja, Chelsea Manning, Alastair Grant, Daniel Leal, Elizabeth Cook, Anthony Albanese, “, Albanese’s, Joe Biden, Trump, Biden, Sunna, it’s, Alan Rusbridger Organizations: London CNN, Foreign Press Association, Court, European, of Human Rights, WikiLeaks, Guardian, Getty, Swedish Trade Union Confederation, St, Paul's, British, Ecuadorian Embassy, Oxford Union Society, Ecuadorian Foreign, Southwest Festival, Bloomberg, United Nations Human Rights, United, United Nations, CIA, CNN, Army, Ecuadorian, Ecuador, Southwark Crown, Australian, Parliamentary, of Europe, Prospect Magazine Locations: United States, London, Westminster, Afghanistan, AFP, Stockholm, Iraq, Geneva, Switzerland, Sweden, Ecuador, Austin , Texas, Ecuadorian, United Nations, United Kingdom, Quito, Southwark, London’s, Australia

☆ Gen Z bosses on the 6 misconceptions people have about them in the workplace: ‘We see these stereotypes getting in the way’
▼ + stars: | 2024-05-20 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +8 min

In 2024, Gen Z workers are expected to outnumber baby boomers in the American labor force for the first time. Gen Z workers know what their bosses are saying about them, and they'd like to have a word. Some leaders even go as far as saying they avoid hiring Gen Z workers, who are as old as 27 this year. Myth: Gen Z is asking for too muchMany leaders think Gen Z are entitled not just in their earning power, but what they expect out of work in general. Myth: Gen Z workers will quit because they're disloyalIt's long been true that early-career professionals are more likely than seasoned workers to change jobs quickly.

Persons: Gen, Zers, Z, Keely Antonio, Baby Boomers, Gen Z, Antonio, Ziad Ahmed, Ahmed, Booth, I'm, Ziad Ahmed Head, They're, they're Organizations: CNBC, Baby, JUV Consulting, Fortune, United Talent Agency, UTA Marketing Research, Workers

☆ Iranian President Ebrahim Raisi dies in helicopter crash
▼ + stars: | 2024-05-20 | by ( Kenneth Niemeyer | Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Read previewIranian President Ebrahim Raisi has died after a helicopter crash in northwestern Iran, multiple news agencies reported, citing Iranian state media. Interior Minister Ahmed Vahidi told IRNA, Iran's state-run news agency, that a helicopter carrying Raisi and other senior Iranian officials was forced to make a "hard landing" on Sunday, without providing further details. Related storiesIran's foreign minister, the governor of Iran's East Azerbaijan province, and other officials were also on board the helicopter. Raisi is considered a "hard-liner" and a "protégé" of Iranian Supreme Leader Ayatollah Ali Khamenei. Raisi has led Iran through heightened tensions in the region, including the conflict between Israel and Hamas in Gaza.

Persons: —, Ebrahim Raisi, Ahmed Vahidi, IRNA, Mohammad Mokhber, Al, Mokhber, Raisi, Ayatollah Ali Khamenei Organizations: Service, Business, Raisi, Associated Press, Iranian, United, United States Institute of Peace Locations: Iran, Iran's, Iran's East Azerbaijan province, Azerbaijan's, Al Jazeera, Israel, Gaza, Iranian, Damascus, United States, Russia, Ukraine

☆ Taking the Long Way Home From Alaska
▼ + stars: | 2024-05-20 | by ( Elaine Glusac | ) www.nytimes.com time to read: 1 min

Within months of the Pearl Harbor bombing on Dec. 7, 1941, the United States, in cooperation with the Canadian authorities, set out to build a highway from British Columbia to Alaska, then a territory and viewed as vulnerable to attack by Japan. The original 1,685-mile road took more than 10,000 soldiers less than nine months to complete. An upgraded version opened in 1948 and has been continually resurfaced and rerouted; It now measures just shy of 1,400 miles from Dawson Creek, British Columbia, to Delta Junction in Alaska, according to “The Milepost,” a guidebook to the drive. The highway formed the heart of a family road trip I took last September from Alaska to Idaho, passing through the Yukon, British Columbia and Alberta, in Canada, along the way.

Locations: United States, British Columbia, Alaska, Japan, Dawson Creek, Idaho, Yukon, Alberta, Canada

☆ Watch CNBC's full interview with Hayman Capital Management founder Kyle Bass
▼ + stars: | 2024-05-20 | 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 EmailWatch CNBC's full interview with Hayman Capital Management founder Kyle BassKyle Bass, Hayman Capital founder and CIO, joins 'Squawk Box' to discuss the death of Iran's president and foreign minister, the United States' new tariffs on China, and more.

Persons: Kyle Bass Kyle Bass Organizations: Hayman Capital Management, Hayman Capital Locations: United States, China

☆ Russia’s War Machine Revs Up as the West’s Plan to Cap Oil Revenues Sputters
▼ + stars: | 2024-05-20 | by ( Alan Rappeport | ) www.nytimes.com time to read: +1 min

Energy prices have been relatively stable across the world, including in the United States, which helped devise the plan. But Russia’s war effort in Ukraine is intensifying, making it increasingly clear that efforts by Western allies to squeeze Moscow’s oil revenues are faltering. A variety of factors have allowed Russia to continue profiting from strong oil revenue, including lenient enforcement of the price cap. Russia’s development of an extensive “shadow” fleet of tankers has allowed it to largely circumvent that policy. That has allowed the Russian economy to be more resilient than expected, raising questions about the effectiveness of the coordinated sanctions campaign employed by the G7.

Persons: Biden Organizations: Energy Locations: States, United States, Ukraine, Russia

☆ ICC seeks arrest warrants against Sinwar and Netanyahu for war crimes over October 7 attack and Gaza war
▼ + stars: | 2024-05-20 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +2 min

CNN —The International Criminal Court is seeking arrest warrants for Hamas leader Yahya Sinwar and Israeli Prime Minister Benjamin Netanyahu on charges of war crimes and crimes against humanity over the October 7 attacks on Israel and the subsequent war in Gaza, the court’s chief prosecutor Karim Khan told CNN’s Christiane Amanpour in an exclusive interview on Monday. The warrants against the Israeli politicians mark the first time the ICC has targeted the top leader of a close ally of the United States. The decision puts Netanyahu in the company of the Russian President Vladimir Putin, for who the ICC issued an arrest warrant over Moscow’s war on Ukraine. A panel of ICC judges will now consider Khan’s application for the arrest warrants. However, the ICC claims to have jurisdiction over Gaza, East Jerusalem and the West Bank after Palestinian leaders formally agreed to be bound by the court’s founding principles in 2015.

Persons: Yahya Sinwar, Benjamin Netanyahu, Karim Khan, CNN’s Christiane Amanpour, Khan, Yoav Gallant, — Mohammed Diab Ibrahim al, Masri, Al, Mohammed Deif, Ismail Haniyeh, Netanyahu, Vladimir Putin, Sinwar, ” Khan, Amanpour, Gallant, “, Israel “, ”, Israel Organizations: CNN, ICC, Israel’s, Brigades, West Bank Locations: Israel, Gaza, United States, Russian, Ukraine, East Jerusalem

☆ Pep Guardiola ‘closer to leaving than staying’ at Manchester City after fourth consecutive Premier League title win
▼ + stars: | 2024-05-20 | by ( Ben Morse | ) edition.cnn.com time to read: +5 min

Latterly, Guardiola has cast his spell over the English Premier League – an institution famed for its unpredictably. His Manchester City teams have dominated the league with six titles in seven seasons, claiming a fourth in a row on Sunday. City is the first team to win four consecutive Premier League titles and such a feat vaults this iteration into the pantheon of greatest soccer teams ever. However, Guardiola suggested after his team’s title victory that it could be part of his closing act in Manchester. Sunday’s title – which City won by finishing two points ahead of Guardiola’s disciple, Mikel Arteta, and Arsenal – reiterated the team’s dominance.

Persons: Pep Guardiola, Lionel Messi, Guardiola, ” Guardiola, “, ”, ‘, Sergio Agüero’s, Mikel Arteta, Arsenal –, Erling, Phil Foden’s, Erling Haaland, Phil Foden, Michael Regan, David Moyes, what’s Organizations: CNN, Barcelona, Bayern Munich, English Premier League –, Manchester City, Premier League, Sky Sports, United, City, Champions League, FA Cup, Premier League winners, Arsenal, couldn’t, FA Locations: Manchester, Abu Dhabi, West Ham, ” City, Istanbul

"Consumers continue to be even more discriminating with every dollar that they spend as they faced elevated prices in their day-to-day spending," McDonald's CEO Chris Kempczinski said on the company's conference call in late April. Paul Weaver | SOPA Images | Getty ImagesFor more than two years, consumers have dealt with sharply rising prices. But that doesn't mean the actual prices seen on grocery store shelves or restaurant menus will fall, and shoppers are feeling that pinch. While some CEOs have said that consumers are growing more cautious, others — like those in the airline industry — have celebrated strong and persistent spending. Corporate misfires can also lead to disappointing sales, even if their shoppers aren't necessarily pulling back on their spending.

Persons: Chris Kempczinski, Burger, Paul Weaver, Jerome Powell, Aurelia Concepcion, Concepcion, it's, Joe Raedle, Brett House, John David Rainey, Ramon Laguarta, Ed Bastian, We're, Daniel Slim, Brian Niccol, Calvin McDonald, Laxman Narasimhan, Sara Senatore, Spencer Platt Organizations: DAL, Washington Post, Home, Delta Air Lines, Consumers, of Labor, CPI, KFC, Starbucks, Columbia Business School, Walmart, Finance, CNBC, PepsiCo, Gatorade, Pepsi, United, Delta Airlines Boeing, Owen Roberts International, AFP, Getty, Delta, Target, Bank of America Locations: Manhattan, Bloomsburg , Pennsylvania, New York, Georgia, Ohio, Miami , Florida, U.S, Delta, Europe, Asia, Japan, George Town, Cayman Islands, New York City

☆ 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

☆ Farm Animals Are Hauled All Over the Country. So Are Their Pathogens.
▼ + stars: | 2024-05-20 | by ( Emily Anthes | Linda Qiu | ) www.nytimes.com time to read: +1 min

The bird flu virus that is spreading through American dairy cows can probably be traced back to a single spillover event. Late last year, scientists believe, the virus jumped from wild birds into cattle in the Texas panhandle. By this spring, the virus, known as H5N1, had traveled hundreds of miles or more, appearing on farms in Idaho, North Carolina and Michigan. Instead, it hitched a ride with its hosts, the cows, moving into new states as cattle were transported from the outbreak’s epicenter to farms across the country. Many facilities focus on just one step in the production process — producing new young, for instance, or fattening adults for slaughter — and then send the animals on.

Locations: Texas, Idaho , North Carolina, Michigan, United States

☆ President Ebrahim Raisi's death: What lies ahead for Iran
▼ + stars: | 2024-05-20 | 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 EmailPresident Ebrahim Raisi's death: What lies ahead for IranKarim Sadjadpour, senior fellow at the Carnegie Endowment for International Peace Middle East Program, joins 'Squawk Box' to discuss what the death of Iran's president and foreign minister means for the United States, how succession will take place in Iran, and more.

Persons: Ebrahim Raisi's, Iran Karim Sadjadpour Organizations: Carnegie Endowment, International Peace Middle Locations: Iran, United States

☆ Carlyle says China is still cheaper than India on average
▼ + stars: | 2024-05-20 | 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 EmailCarlyle says China is still cheaper than India on averageJason Thomas, head of global research and investment strategy at Carlyle, says "when you look at valuations, whether you're comparing that to the United States or comparing it to India, which of course is an alternative for many investors, it looks as though China is about 40% cheaper on average."

Persons: Carlyle, Jason Thomas Locations: China, India, United States

☆ Julian Assange’s Extradition Appeal Hearing: What Could Happen?
▼ + stars: | 2024-05-20 | by ( Megan Specia | Emma Bubola | ) www.nytimes.com time to read: 1 min

A British court is set to make a final decision on Monday on whether Julian Assange, the WikiLeaks founder, will be granted the right to appeal an extradition order to the United States, where he faces charges under the Espionage Act. Mr. Assange has been held in a London prison since 2019, accused by the United States of violations in connection with obtaining and publishing classified government documents on WikiLeaks in 2010. His case has slowly wound through the courts since his extradition was ordered by a London court in April 2022. Priti Patel, Britain’s home secretary at the time, approved the extradition two months later. In February, the High Court heard Mr. Assange’s final bid for an appeal, and in March, the judges asked the U.S. authorities to provide specific assurances about his treatment if extradited.

Persons: Julian Assange, Assange, Priti Patel, Britain’s, Assange’s Organizations: WikiLeaks Locations: United States, U.S

☆ Assange Can Appeal U.S. Extradition, English Court Rules
▼ + stars: | 2024-05-20 | by ( Megan Specia | ) www.nytimes.com time to read: +1 min

A London court ruled on Monday that Julian Assange, the embattled WikiLeaks founder, could appeal his extradition to the United States, a move that opens a new chapter in his prolonged fight against the order in Britain’s courts. Two High Court judges said they would allow an appeal to be heard on a limited number of issues. In March, the judges said that the court would grant a request to appeal unless the American government gave “a satisfactory assurance” that Mr. Assange would be afforded protections under the U.S. Constitution, would not be “prejudiced by reason of his nationality,” and that “the death penalty is not imposed.”The U.S. Embassy in Britain provided assurances on those issues in a letter sent in April, but Mr. Assange’s legal team had argued in court that they did not all go far enough to meet the court’s request. Mr. Assange, 52, has been held in Belmarsh, one of Britain’s highest-security prisons, in southeastern London since 2019 as his fight against the extradition order has proceeded through the courts.

Persons: Julian Assange, Assange Organizations: WikiLeaks, U.S, Constitution, Embassy Locations: United States, American, U.S, Britain, Belmarsh, London

☆ Senate Inquiry Finds BMW Imported Cars Tied to Forced Labor in China
▼ + stars: | 2024-05-20 | by ( Ana Swanson | Jack Ewing | ) www.nytimes.com time to read: +1 min

A congressional investigation found that BMW, Jaguar Land Rover and Volkswagen purchased parts that originated from a Chinese supplier flagged by the United States for participating in forced labor programs in Xinjiang, a far western region of China where the local population is subject to mass surveillance and detentions. BMW shipped to the United States at least 8,000 MINI vehicles containing the part after the Chinese supplier was added in December to a U.S. government list of companies participating in forced labor. Volkswagen took steps to correct the issue. The investigation, which began in 2022 by the chairman of the Senate Finance Committee, Ron Wyden of Oregon, a Democrat, highlights the risk for major automakers as the United States tries to enforce a two-year-old law aimed at blocking goods from Xinjiang. The Uyghur Forced Labor Prevention Act bars goods made in whole or in part in Xinjiang from being imported to the United States, unless the importer can prove that they were not made with forced labor.

Persons: Ron Wyden Organizations: BMW, Jaguar, Rover, Volkswagen, Senate Finance, United States, Labor Locations: United States, Xinjiang, China, U.S, Oregon, United

☆ What Donald Trump might do if he wins a second term in 2024
▼ + stars: | 2024-05-20 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +11 min

Read previewIn January 2025, Donald Trump may be sworn into office as the 47th President of the United States. Another Trump term, on the other hand, would likely entail a radical reversal from not just the previous four years, but even from Trump's first term in office. While not exhaustive, here's just some of what to expect in a second Trump administration. Miller told The New York Times that a second Trump administration would build "vast holding facilities that would function as staging centers" on "open land in Texas near the border." According to Bloomberg, Trump wants to extend those cuts in a second term.

Persons: —, Donald Trump, Joe Biden, Biden, Trump, Trump's, That's, mifepristone, Stephen Miller, Miller, Alex Wong, Nixon, shouldn't, he's, Israel, there's Organizations: Service, Business, Trump, The New York Times, Heritage Foundation's, Senate, Federal Communications Commission, Federal Trade Commission, Federal Reserve, Congress, TIME, Republican, National Guard, United, Department of Justice, Capitol Police, Atlantic Treaty Organization, State Department, Pentagon, Bloomberg, American, Security, Social Security, CNBC Locations: United States, Texas, CPAC, China, Ukraine, Gaza, Israel, Europe, Washington ,

☆ Legalized Weed Is Landing More Seniors in the E.R.
▼ + stars: | 2024-05-20 | by ( Matt Richtel | ) www.nytimes.com time to read: +1 min

The NewsAs more places legalize marijuana, policymakers and health officials have worried about the health risks that the drug may pose to adolescents. But a new study suggests that an additional demographic is at risk: seniors. The study, published Monday in JAMA Internal Medicine, found that after Canada legalized marijuana, the number of emergency room visits for cannabis poisoning rose sharply among people ages 65 and older. Poisonings doubled after Canada legalized sale of the cannabis flower, and then tripled just 15 months later, when Canada legalized the sale of edibles. Stall said, and showed that more attention needed to be paid to drug use by seniors, and to the health effects.

Persons: Poisonings, “, ”, Nathan, edibles Organizations: Canada, Mount Sinai Hospital, Women’s College Hospital Locations: Canada, Mount, Toronto, United States

☆ Ebrahim Raisi, Iran’s President, Dies in Helicopter Crash at 63
▼ + stars: | 2024-05-20 | by ( Erika Solomon | Farnaz Fassihi | ) www.nytimes.com time to read: +1 min

Ebrahim Raisi, Iran’s president and a top contender to succeed the nation’s supreme leader, was killed on Sunday in a helicopter crash. A conservative Shiite Muslim cleric who had a hand in some of the most brutal crackdowns on opponents of the Islamic Republic, Mr. Raisi was a protégé of Iran’s supreme leader, Ayatollah Ali Khamenei, and a devoted upholder of religious rule in the country. Mr. Raisi’s presidency was shaped by two major events: the 2022 nationwide uprising, led by women and girls, demanding the end to the Islamic Republic’s rule and the government’s brutal crushing of that movement; and the current Middle East war with Israel, with which it had a long history of clandestine attacks. As the president under Iran’s political system, Mr. Raisi did not set the country’s nuclear or regional policy. But he inherited a government that was steadily expanding its regional influence through a network of proxy militia groups and a nuclear program that was rapidly advancing to weapons-grade uranium enrichment levels following the United States’ exit from a nuclear deal.

Persons: Ebrahim Raisi, Raisi, Ayatollah Ali Khamenei, Raisi’s Locations: Islamic Republic, Israel, States

☆ New U.S. tariffs on China are absolutely necessary, says Hayman Capital's Kyle Bass
▼ + stars: | 2024-05-20 | 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 EmailNew U.S. tariffs on China are absolutely necessary, says Hayman Capital's Kyle BassKyle Bass, Hayman Capital founder and CIO, joins 'Squawk Box' to discuss the death of Iran's president and foreign minister, the United States' new tariffs on China, and more.

Persons: Hayman Capital's Kyle Bass Kyle Bass Organizations: Hayman Capital Locations: China, United States

☆ Taiwan's new President Lai Ching-te takes office amid tensions with China
▼ + stars: | 2024-05-20 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

A giant screen with a live feed shows Taiwan's President Lai Ching-te delivering his inaugural speech after being sworn into office during the inauguration ceremony at the Presidential Office Building in Taipei on May 20, 2024. Lai takes over from his predecessor Tsai Ing-wen after securing a victory in January's election that ushered in an unprecedented third presidential term for the Democratic Progressive Party. Together with Lai, Hsiao Bi-khim, 52, a former de facto Taiwan ambassador to the United States, was also sworn in as vice president. Lai is widely expected to reaffirm the status quo in cross-strait relations with China. He earlier pledged commitment to Tsai's foreign and defense policies of strengthening the island's ties with the United States and its allies as well as boosting defense capabilities.

Persons: Lai Ching, Yasuyoshi CHIBA, YASUYOSHI CHIBA, Lai, Tsai Ing, Hsiao Organizations: Presidential, Getty, Democratic Progressive Party Locations: Taipei, AFP, China, Taiwan, United States

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