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Away from the pitch, Promes has recently been convicted for drug trafficking by an Amsterdam court. “It is particularly bad that the suspect [Promes] normalizes and almost romanticizes the large-scale cocaine trade,” said Dutch prosecutors. Promes was convicted in absentia to six years in prison for drug trafficking. And Dutch soccer clubs seem to be taking notice. So there are indeed preventative measures taken by some of the clubs,” Nelen adds.
Persons: CNN — He’s, Quincy Promes, Promes, , , calculatedly, Hans Nelen, David Klein, Criminologist Hans Nelen, Nelen, “ He’s, hadn’t, Femke Halsema, Peter R, Vries, Dutchman David Endt, hasn’t, Endt, “ There’s Organizations: CNN, Ajax, Sevilla, Spartak Moscow, Russian Premier League, Appeal, Reuters, Maastricht University, Promes, Rotterdam –, Customs, National Alliance, Subversive Locations: Netherlands, Amsterdam, Brazil, Antwerp, Belgium, Russia, Russian, Dubai, isn’t, Rotterdam, Mexico, Columbia, Italy, Germany, Europe, Dutch
Russian police officers detain a woman during an unsanctioned protest rally against the military invasion on Ukraine, March,6, 2022, in Central Moscow, Russia. These quickly ceased when they saw Russian colleagues in tears, whose life savings had halved overnight. Russian friends began referring to Tbilisi as the "new Constantinople," referencing the city where anti-Bolshevik Russians fleeing the Communist revolution had taken refuge a century before. Russian President Vladimir Putin (L) meets French President Emmanuel Macron (R) on February 07, 2022 in Moscow, Russia. I stood at the glass window silently as the Russian border guard inspected my passport and now useless work permit.
Persons: , Cameron Manley, Russia's, didn't, Vladimir Putin, Putin idi nakhui, Putin, Mir, Pushkin, Konstantin Zavrazhin, Alexey Malgavko, Stringer, Zelenskyy, Volodymyr Zelenskyy, Karen Minasyan, pragmatically, gossiped, Emmanuel Macron Organizations: Service, Business, REUTERS, National Guard, Anadolu Agency, Getty, Armed Forces of, Facebook, Bolshevik, Communist, Kremlin Press, AP, Saint Locations: Edinburgh, Scotland, Moscow, Ukraine, Russia's, Europe, Russia, Central Moscow, Russian, Omsk, Kyiv, Armed Forces of Ukraine, seeping, Belarus, Yerevan, Armenia, AFP, Istanbul, Dubai, Tbilisi, Constantinople, St Petersburg, Helsinki, West, Switzerland, Saint Petersburg, Finland
CNN —It has been a remarkable week for Russia’s Anna Kalinskaya, who began it having just qualified for the Dubai Tennis Championships and ends it playing in the tournament’s final after defeating world No. I know if I don’t stay calm and aggressive she’s going to destroy me,” Kalinskaya, the world No. Christopher Pike/Getty ImagesThe 25-year-old raced into a 5-2 lead in the second set, but wobbled after Świątek saved two match points and mounted a comeback to come within touching distance of leveling the second set. 3 Coco Gauff 2-6 6-4 6-2 in Thursday’s quarterfinals for another upset victory, making her form all the more impressive. She will face Italy’s Jasmine Paolini, who is also playing in her first-ever WTA 1000 final, for the title on Saturday.
Persons: Russia’s Anna Kalinskaya, Świątek, Coco Gauff, Kalinskaya, “ She’s, ” Kalinskaya, , Iga Świątek, Christopher Pike, Jasmine Paolini Organizations: CNN, Dubai Tennis, Reuters Locations: Dubai
The Financial Action Task Force (FATF) international crime watchdog on Friday added Kenya and Namibia to its 'grey list' of countries that need increased monitoring, due to inadequate curbs against money laundering and terrorism financing. "At this Plenary, the FATF added Kenya and Namibia to the list of jurisdictions subject to increased monitoring," said the FATF in a statement. Kenya's Treasury had already said earlier on Friday that it had been put on the 'grey list'. A report from the FATF last year said Kenya mainly faced risks from flows of money linked to terrorism financing from both inside and outside its borders, while cryptocurrencies posed further risks. Namibia's Financial Intelligence Centre said earlier on Friday that putting Namibia on the 'grey list' could have negative impacts on Namibia's foreign direct investment.
Persons: Kenya's, cryptocurrencies Organizations: United Arab Emirates, Kenya's Treasury, Namibia's Financial Intelligence Centre Locations: Dubai, United Arab, Kenya, Namibia, Shabaab, Somalia, al Qaeda
South Korea digital nomad visa: what to know
  + stars: | 2024-02-22 | by ( Lilit Marcus | ) edition.cnn.com   time to read: +6 min
According to a report in the Korea Herald, South Korea’s Justice Ministry says the digital nomad visa will make remote work and vacations smoother for visitors. The site ranks South Korea highly for nightlife and youth culture, but gives lower marks for LGBT acceptance and English-language accessibility. Meanwhile, South Korea places 49 out of 113 countries on the English Proficiency Index, which puts it in the “moderate” category. Still, Humphries is undeterred in his quest for the South Korea “workation” visa and plans to base himself in Seoul if approved. “The South Korean digital nomad visa is a great step forward for allowing foreigners to reside in the country,” he says.
Persons: Ashley Humphries, he’s, Humphries, Jungho Suh, , Suh, ” Jeong Hyun Cho, Jeong, Ed Jones, Gawon Bae, Veronica Lin Organizations: CNN, South Korean, Korea Herald, Korea’s, Ministry, Korean Management Institute, George Washington University, Korea –, Statistics Korea, Human Rights Commission, South Korean Society, Digital Nomads Korea WhatsApp, Getty, Foreigners, South Locations: South Korea, Asia, Dubai, Cayman Islands, Korea, Hong Kong, Thailand, Indonesian, Bali, South, Seoul, AFP, Korean, expats, Turkey, Norway, Kuwait, North America, Singapore, Japan
It’s the final two sets of criteria that are most pertinent for Niemann and LIV Golf players. Though exact criteria differs between the four major championships, all incorporate world ranking points as a viable qualifier. Why is that an issue for some LIV Golf players? Mike Ehrmann/Getty ImagesHow are LIV Golf players making it to the majors? Meanwhile LIV Golf players without such past glories to stamp their tickets to major championships are, like Niemann, crossing the globe in pursuit of alternative routes in.
Persons: LIV, LIV Golf’s Joaquin Niemann, Tiger Woods, Jon Rahm, Ross Kinnaird, Nick Dunlap –, , Niemann, It’s, Greg Norman, Gary Davidson, Peter Dawson, LIV Golf, ” Dawson, OWGR, Tom Dulat, “ It’s, it’s, ” Niemann, , , don’t, Mike Ehrmann, Japan’s Ryo Hisatsune, Fred Ridley, Brooks Koepka, Phil Mickelson, Rahm, Mike Blake, Reuters Rahm, Koepka, Cameron Smith, Adrian Meronk, Tyrell Hatton, Bryson DeChambeau, Patrick Reed, DeChambeau, Reed, Dean Burmester, David Puig jetted, Burmester, December’s Organizations: CNN, PGA, Augusta National, PGA Championship, British, Amateur, American Express, LIV Golf, LIV, OWGR, Hero Dubai, CBS, Golf, Augusta, Reuters, 152nd, Puig, Malaysian, Royal Locations: Augusta, Asia, Pacific, America, Saudi, Dubai, Chilean, South Africa, Malaysia, Johannesburg, Kuala Lumpur, Scotland
Called “Moon Phases,” they show 62 phases of the moon as seen from Earth, 62 phases visible from other viewpoints in space, and one lunar eclipse. Pace Verso, the NFT wing of Pace, is also offering NFTs of each sculpture, while Koons has produced larger, coinciding physical sculptures of his “Moon Phases” to remain on Earth. Koons' "Moon Phases" is visible on the lander's exterior. Intuitive Machines/APThough its arrival marks a milestone, “Moon Phases” is not the only art to touch down on the moon’s surface. But Odie has closed the chapter on a more niche space race — between Koons and the Dubai-based artist Sacha Jafri.
Persons: Odysseus, Jeff Koons, Odie, Koons, Aristotle, David Bowie, Leonardo da Vinci, Gandhi, Billie Holiday, Gabriel García Márquez, Andy Warhol, Virginia Woolf, Koons “, Pace Verso, Paul Van Hoeydonck, It’s, — Andy Warhol, Robert Rauschenberg, John Chamberlain, Claes Oldenburg, Forrest Myers, David Novros —, Sacha Jafri, Jafri, , Peregrine Organizations: CNN, SpaceX, Peregrine, Pace, Machines, Apollo Locations: American, Houston, Belgian, India, Japan, Dubai
CNN —American Coco Gauff said that she was “fueled” by a heated exchange with the umpire during her 2-6 6-4 6-3 victory against Karolína Plíšková at the Dubai Tennis Championships on Wednesday. Her first serve at deuce was initially called out by chair umpire Pierre Bacchi, but the world No. Gauff engages in a heated exchange with chair umpire Pierre Bacchi. In the end, Gauff replayed the point, then went on to win the game and the set. Amr Alfiky/Reuters“I think it just fueled me,” US Open champion Gauff said about the argument with the umpire in the second set, according to Reuters.
Persons: Coco Gauff, Karolína Plíšková, Gauff, deuce, Pierre Bacchi, Bacchi, Plíšková, Amr Alfiky, Reuters “, , “ I’ve, Andy Roddick, Pliskova, “ It’s, Anna Kalinskaya, Kateřina Siniaková Organizations: CNN, Dubai Tennis, Reuters, WTA Tour, International Tennis Federation, Qatar Locations: Dubai, Auckland, Doha
Premarket stocks: Is Nvidia too big to fail?
  + stars: | 2024-02-21 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +7 min
Investors expect Nvidia to report earnings of $4.59 a share and $20.378 billion in revenue, up from just $6.05 billion a year before. Too big to fail: For the time being, Nvidia is the “most sophisticated and deployed” chipmaker in the world, and its output is one of national importance, said Newman. Capital One wants to be the biggest credit card company in America. If approved by regulators and shareholders, Capital One’s (COF) acquisition will create the biggest US credit card company by loan volume. Compared to other major credit card issuers, Capital One has historically catered to customers with credit scores in the 600s range, which is considered subprime.
Persons: , , Daniel Newman, Newman, Jensen Huang, ” What’s, Sam Altman, Pat Gelsinger, Elisabeth Buchwald, Biden, Richard Fairbank, Fairbank, Samantha Delouya, Dow, Dow hasn’t Organizations: CNN Business, Bell, New York CNN, Nvidia, Wall, Microsoft, Apple, Investors, Intel, AMD, Discover Financial Services, Capital, Discover, Mastercard, Consumer Financial, Bureau, Walgreens, Dow Jones, Alliance, Dow Jones Industrial, Dow Jones Indices, Dow, Tesla Locations: New York, California, United States, China, Dubai, America
She embarked on her first traveling teaching role seven years ago. Lucy Spencer, near the Italian island of Capri. Lucy Spencer Education Boutique"It's not about me imparting knowledge," she told CNBC Travel. Spencer said she wants to make traveling teachers available to more families, by creating cheaper options, such as pairing families with trained students taking a gap year. Source: Lucy Spencer
Persons: Lucy Alexandra Spencer, , Spencer, she's, Lucy Spencer, hadn't, you've, that's, I'm Organizations: CNBC Travel Locations: Oman, France, Switzerland, Portugal, Europe, United States, Capri, French, Saint, United Kingdom, Dubai, Thailand, Austria
Jaclyn Sienna India travels often to scout airlines and locations for her luxury travel company. Air France, Emirates, and Qatar Airways are among the airlines that give her the best experience. Courtesy of Jaclyn Sienna IndiaAfter working there for five years, I wanted to bring that level of service to travel. EQRoy/ ShutterstockAir France’s first-class cabin, La Première, only has four seats per flight, and it feels like you're flying private. Like many of my other favorites, Singapore Airlines planes have room for double suites for couples and private suites with sliding doors.
Persons: Jaclyn Sienna India, , Sienna Charles, I’ve, Le, I’m, we’ve, you’re, Jordan Tan, Shutterstock, There’s, Shutterstock I’ve Organizations: Air, Qatar Airways, Service, Air France Air France, France’s, Air France, . Emirates Emirates, Emirates, Singapore Airlines Singapore Airlines, Singapore Airlines, I’m, Etihad Airways Etihad Airways, Qatar Airways Qatar Airways, Shutterstock Qatar Airways Locations: Air France, Emirates, Beverly Hills, Philadelphia, Europe, Paris, New York, Milan, Dubai, India, Asia, Etihad’s
Overall in 2023, the airport had 86.9 million passengers. The airport had 89.1 million passengers in 2018 — its busiest-ever year before the pandemic, while 66 million passengers passed through in 2022. Earlier in February, Dubai announced its best-ever tourism numbers, saying it hosted 17.15 million international overnight visitors in 2023. Dubai has a second airport, Al Maktoum International Airport at Dubai World Central, some 45 kilometers (28 miles) away in its far southern reaches. Dubai International Airport connects to 262 destinations in 104 countries worldwide via just over 100 international carriers.
Persons: , Paul Griffiths Organizations: United Arab Emirates, Dubai International Airport, Emirates, Dubai Airports, Dubai, Al Maktoum International Airport, Qatar, Dubai International Locations: DUBAI, United Arab, Dubai, India, Saudi Arabia, United Kingdom, Pakistan, Russia, Ukraine, Burj, Al, Al Maktoum
But the 32-year-old, who has 2.1 million Instagram followers, had no idea he’d come to be idolized by a subset of teenage boys and young men known as looksmaxxers . Advertisement“Hardmaxxing,” meanwhile, includes “more extreme ways of going about the way you look,” Shami said, such as getting fillers, botox, and plastic surgery, which he denies having. Young men are becoming more body-consciousIt’s unclear why looksmaxxing has suddenly become popular. The rise of looksmaxxing and starvemaxxing could reflect how such concerns are on the rise among young men, too. All the while, lost young men are left to work out what’s real and what’s trolling.
Persons: chiseled jawline, Francisco Lachowski, Jordan Barrett, Brad Pitt, ” Lachowski, TikTok influencers, Looksmaxxing, Kareem Shami, looksmaxxing, , , , ” Shami, TikTok, Shami, Starvemaxxing, Starvemaxxing isn't, ” Kareem Shami, Clare Thornton, Wood, Elizabeth Daniels, Johan Drumev, Drumev, ” Johan Drumev, Johan Drumev Lachowski, it’s, Young, Daniels, gaunt, ” Thornton, Lachowski Organizations: Business, BI, TikTok, British Nutrition Foundation, Pediatric, University of the, University College London Locations: looksmaxxing, Brazil, Brazilian, San Diego, England, Dubai
(Reuters) - Iran unveiled new weaponry on Saturday including what it said was the locally made Arman anti-ballistic missile system and the Azarakhsh low-altitude air defense system, the official IRNA news agency reported. Gaza has been under military assault by Israel since Hamas's attacks on Israel's south on Oct. 7. Israel has also struck Iranian targets in Syria. "With the entry of new systems into the country's defense network, the air defense capability of the Islamic Republic of Iran will increase significantly," IRNA said. In June Iran presented what officials described as its first domestically made hypersonic ballistic missile, named Fattah, with a range of 1,400 km.
Persons: Arman, General Mohammad Reza Ashtiani, IRNA, Jan Harvey Organizations: Reuters, Yemen’s, Israel, Iranian Defense Locations: Iran, Yemen’s Iran, U.S, Red, Gaza, Israel, Yemen, Iraq, Syria, Islamic Republic of Iran
Factbox-Thailand's Polarising Ex-PM Thaksin Shinawatra
  + stars: | 2024-02-17 | by ( Feb. | At P.M. | ) www.usnews.com   time to read: +4 min
(Reuters) - Thailand's billionaire former Prime Minister Thaksin Shinawatra was released from detention on Sunday, enjoying freedom in his country for the first time since fleeing into exile nearly 16 years ago to avoid jail. - Thaksin ran several failed businesses with his wife before getting his break in the 1980s leasing computers to the police. In 2010, a court seized $1.4 billion worth of Shinawatra assets, concluding Thaksin had concealed his Shin Corp shareholdings and tailored policy to benefit his business. - Thaksin's sister, Yingluck Shinawatra, was also prime minister and suffered an almost identical fate as him. - Thaksin's youngest daughter, Paetongtarn Shinawatra, 37, is Pheu Thai party leader and eligible to become prime minister.
Persons: Thaksin Shinawatra, Chiang Mai, Thaksin, Yingluck Shinawatra, Paetongtarn Shinawatra, Srettha Thavisin, Martin Petty, Raju Gopalakrishnan Organizations: Reuters, Eastern Kentucky University, Kentucky Fried, Thailand's, Shin Corporation, Shin Corp, English Premier League football, Fulham, Manchester City, Forbes, Thai Rak, Thai Rak Thai, People Power Party, Srettha Locations: Thai, Chiang, Kentucky, Singapore, Thailand, Liverpool, Dubai, Britain, Montenegro, Thai Rak Thai, Thai Rak, Bangkok
WASHINGTON (AP) — President Joe Biden plans to welcome Kenyan President William Ruto to the White House in May, hosting a state visit after reneging on his promise to visit Africa last year. Biden hosted a state dinner celebrating close ally Australia in October, which followed the president's skipping a stop in that country earlier in 2023 to focus on debt limit talks in Washington. But those festivities last fall were toned down some given Israel’s ongoing war with Hamas. Biden said in December 2022 that he would visit sub-Saharan Africa the following year, which would have made him the first U.S. president to travel there in a decade. Biden pulled off last-minute trips to Israel and Vietnam, as well as a secretive journey to Ukraine.
Persons: Joe Biden, William Ruto, reneging, Karine Jean, Pierre, ” Jean, , Rutto’s, Rachel Ruto, Biden, Kamala Harris, he'd Organizations: WASHINGTON, Kenyan, White House, White, Hamas, Africa, Summit Locations: Africa, Kenya, Haiti, U.S, Washington, Australia, Saharan Africa, Israel, Vietnam, Ukraine, Dubai, November's, Russia, East Palestine , Ohio, Norfolk Southern
Maxar Technologies Visual Investigations The $2.8 Billion Hole in U.S. Sanctions on Iran A Times investigation reveals how lax government oversight allowed shadowy oil tankers, covered by American insurance, to fund Iran’s regime. The American Club is one of only 12 major insurers of its kind, and the only one based in the United States. By then, the tankers had transported at least $2.8 billion in crude oil, based on the lowest reported prices of Iranian oil in 2023. The Treasury office has publicly enforced sanctions on the American Club only once in the past 20 years. Ultimately, the office said the American Club did “not appear to have been willful or reckless” and the case was settled.
Persons: Biden, , penna gabrielle toyomi, penna selene gabrielle, gabrielle, selene, lisa marianne selene, Samir Madani, Maggie Hassan, Daniel Tadros, , Mr, Tadros, Shipowners, ” Mr, Madani of TankerTrackers.com, David Tannenbaum Organizations: Maxar, Maxar Technologies, Sanctions, U.S, White, New York Times, Times, Treasury Department, American Club, Treasury, cathay kirin, Copernicus, Planet Labs, Star, American, The Times, Revolutionary Guards Corps, Anadolu Agency, Getty, Club’s, Hamas, Bloomberg, United Against Nuclear, Nuclear, Glory, United, National Iranian Tanker, Labs, Copernicus Sentinel, Club, International Maritime Organization, AIS, Spire Locations: Gulf of Oman, American, U.S, Iran, New York, New Hampshire, United States, Hong Kong, Kharg, Kpler, China, Israel, Yemen, United Against Nuclear Iran, Nuclear Iran, United Arab Emirates, Asaluyeh, Dubai, of Oman, Persian, Oman, Cuba, Sudan, MarineTraffic, SynMax, TankerTrackers.com
Beond announced it will give the Apple Vision Pro to select passengers on its flights. AdvertisementAn airline operating only business class services has announced plans to give an Apple Vision Pro to "select passengers" on some of its flights. "Offering the Apple Vision Pro is another step in our vision of delivering a premium travel experience to our customers, from the start to finish of their journey." And Marques Brownlee, the tech-review YouTuber, said using the Vision Pro on a plane was the aspect he was most excited about. AdvertisementSo as it's going up against airlines that offer first-class seats with enormous screens, the Vision Pro is something that could give it an edge.
Persons: Beond, , Tero Taskila, Pete Syme, Marques Brownlee Organizations: Apple, Service, Emirates Locations: Maldives, Dubai
CNN —The 50 Best Restaurants power list has unveiled its 2024 list for the Middle East and North Africa (MENA) — and one city is dominating the rankings. The Middle East & North Africa’s 50 Best Restaurants list was launched in 2022, reflecting the rapid growth of the region’s restaurant scene. With a booming culinary landscape of more than 13,000 eateries, Dubai has dominated the list since its inception, with 15 out of 50 restaurants on the list located in the city for the past two editions. The 50 Best awards has helped “put a spotlight” on the evolving food scene, and by platforming more casual restaurants, they’ve created healthy competition among the city’s many eateries. With ongoing conflict in the Middle East, the organizers decided to forgo a live awards event in the region this year.
Persons: — Mohammad, Wassim, Omar —, we’re, ” Mohammad Orfali, William Drew, Grégoire Berger, Berger, , they’ve, ’ ”, Maryam, Chef Salam Dakkak, Grams, Jason Atherton Organizations: CNN, Dubai, East Locations: East, North Africa, Amman, Cairo, Tel Aviv, Marrakech, Beirut, Dubai, Ossiano,
The company named the five actors — China-affiliated "Charcoal Typhoon" and "Salmon Typhoon," Iran-affiliated "Crimson Sandstorm," North Korea-affiliated "Emerald Sleet," and Russia-affiliated "Forest Blizzard." The Chinese mecha in the film was named "Crimson Typhoon," while the Russian mecha was called "Cherno Alpha." Adjectives are then added at the front to distinguish between threat actors within the same family. Besides "Crimson Sandstorm," Iran is also affiliated with "Lemon Sandstorm" and "Marigold Sandstorm." Besides monitoring and disrupting threat actors, the company said it has been working with industry partners to exchange information.
Persons: , Guillermo del, OpenAI, Sandstorm, Sam Altman, Altman Organizations: Service, Microsoft, Business, Warner Bros Locations: — China, Iran, North Korea, Russia, Guillermo, Russian, China
Nvidia CEO Jensen Huang says countries should own their own AI systems. Huang said nations should ensure they control both the production of AI and the data produced. AdvertisementNvidia CEO Jensen Huang says every country should have its own AI systems. The Nvidia founder told the World Governments Summit in Dubai this week that countries needed to work toward building "sovereign AI." Huang said countries should ensure they own the production of their intelligence and the data produced.
Persons: Jensen Huang, Huang, , Omar Al Olama Organizations: Nvidia, Service, World Governments, Business Locations: Dubai
Oil, gas, and coal operations are thought to account for 40% of global methane emissions from human activities. At least 155 countries have also signed the Global Methane Pledge, which calls for a 30% reduction in emissions. The pledge initially launched in 2021, but since then, methane emissions have continued to rise . To help change that trajectory, the US and Europe last year issued regulations cracking down on methane emissions from fossil fuel infrastructure. By 2027, those imports will have to meet methane emissions standards on par with Europe's.
Persons: Steve Hamburg, , Yael Maguire, Maguire Organizations: Service, Google, Environmental Defense Fund, Business, International Energy Agency, Google Geo Locations: Agriculture, MethaneSAT, Dubai, Europe, Japan, South Korea, Hamburg
Carbon credits continue to play an important role in the global transition towards net zero. As an innovative financing mechanism, carbon credits allow corporates to mobilize capital to support emission-reduction projects. The decision to anchor CAD Trust in Singapore stems from acknowledging that transparency and governance are rooted in its DNA. Why Singapore is a prime location for firms to support global carbon marketsSingapore has successfully attracted more than 100 carbon market and services players to establish the city-state as their home base in Southeast Asia. Singapore's expertise in carbon services and its trailblazing move implementing Southeast Asia's first carbon tax in 2019, also appealed to Calyx Global.
Persons: — Dinesh Babu, Grace Fu, Duncan van Bergen, Van Bergen, — Duncan van Bergen Organizations: Reuters, Singapore, for Nature, National University of Singapore, Data Trust, Government of, Emissions Trading Association, Singapore's, Sustainability, Meta, Trust, Insider Studios, Singapore Economic Development Board Locations: Dubai, Singapore, Government of Singapore, South Asia, Southeast Asia, Oceania, Africa, Paris, Bhutan, COP28, Asia
In today's big story, we're looking at what a hotter-than-expected inflation report means for markets and the econom y . That silver lining doesn’t address the elephant in the room: What does the latest CPI data mean for interest rates? AdvertisementMadison Hoff/Noah Sheidlower/Business InsiderThe hot inflation report comes just a few weeks after some industry experts felt the market was in a perfect position. Stubbornly elevated inflation means Powell might be less willing to cut rates and risk further fueling inflation. It’s particularly painful for smaller companies, which tend to carry floating-rate debt more susceptible to elevated interest rates.
Persons: , Angela Weiss, Insider’s Madison Hoff, BI’s Aruni Soni, Madison Hoff, Noah Sheidlower, we’ve, Jerome Powell, Powell, Jim Zelter, BI’s Yuheng Zhan, Alyssa Powell, Peter Thiel, bitcoin, Noah Berger Sam Altman’s, Jensen Huang, Altman's, Mark Zuckerberg, Jeff Bezos, Bezos, Rob Dobi, doomsayers, Brace, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Dow Jones, Bank of America, Apollo Global Management, Federal Reserve Bank of New, BlackRock, Strategic Investors Group, BI, Fund, Reuters, Apple Vision, BI Sky, Employees, Cisco Systems, Sony, McLaren Locations: Federal Reserve Bank of New York, Dubai, Miami, Washington, New York, London
CAIRO/ANKARA (Reuters) -Turkish President Tayyip Erdogan made his first visit to Egypt since 2012 on Wednesday to meet President Abdel Fattah al-Sisi, taking a big step toward rebuilding ties between the regional powers. Erdogan has said discussions would focus on Israel's Gaza offensive. The visit caps diplomatic efforts in recent years to thaw the nations' frosty relations. They mutually appointed ambassadors last year, and this month Turkey said it would provide Egypt with armed drones. (Reporting by Nayera Abdallah and Tala Ramadan in Dubai, Ece Toksabay in Ankara, Writing by Jonathan Spicer; Editing by Andrew Heavens)Photos You Should See View All 22 Images
Persons: Tayyip Erdogan, Abdel Fattah al, Erdogan, Egypt's, Sisi, Mohamed Mursi, Nayera Abdallah, Tala, Jonathan Spicer, Andrew Heavens Organizations: Muslim, Ece Toksabay Locations: CAIRO, ANKARA, Egypt, Turkey, Israel, Gaza, Ankara, Cairo, Dubai
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