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☆ Jamie Dimon is riding to the rescue again. This time, he's poised to come out on top.
▼ + stars: | 2023-03-31 | by ( Carter Johnson | ) www.businessinsider.com time to read: +15 min

Why, then, has Dimon been so willing to swing back into action in the wake of Silicon Valley Bank's collapse? But it's starting to look like JPMorgan — and Dimon — will end up winners no matter how things turn out. In backstopping First Republic, JPMorgan helps a client and a bank that experts say would fit nicely into its business. By saving First Republic, JPMorgan also stands to gain goodwill from Silicon Valley startups, which are customers of the smaller bank. The paper also reported that regulators asked Dimon, Bank of America, and other banks to buy Silicon Valley Bank and pay out depositors over the insured limit.

☆ Israel's Netanyahu buys time, but is still in a fix
▼ + stars: | 2023-03-28 | by ( Angus Mcdowall | ) www.reuters.com time to read: +4 min

It shows the dilemma facing Israel's longest-serving prime minister, who managed a comeback last year, brushing aside an ongoing corruption scandal and the political obituaries written after his last coalition collapsed in 2020. Announcing the delay of the judicial law on television, Netanyahu cited the wisdom of Solomon to say he would extend a hand for dialogue. With polls showing his coalition would lose any new election, Netanyahu can meanwhile count on little goodwill from old foes and former allies still sore from previous encounters. Netanyahu describes the cases as politically motivated, denies wrongdoing and says they are not linked to his judicial reforms. His coalition partners include hard-right supporters of Jewish settlers, who have dismayed Israel's foreign allies with harsh statements about Palestinians.

☆ Orlando Bloom, UNICEF ambassador and actor, visits children's centre in Kyiv
▼ + stars: | 2023-03-26 | by ( Nick Starkov | ) www.reuters.com time to read: +1 min

@zelenskiy_official/via REUTERSKYIV, March 27 (Reuters) - Orlando Bloom, a goodwill ambassador for the United Nations children's organization UNICEF and a star of the "Pirates of the Caribbean" and "Lord of the Rings" movies visited a children's centre in Kyiv on Sunday. It was his first trip to Ukraine since 2016, the British actor said. He also met with Ukraine's President Volodymyr Zelenskiy. "I would have never expected the war to have escalated throughout the country since I was there," Bloom said on Instagram. "He knows what this aggression has brought, how full-scale the world's efforts must be to stop it, to restore Ukraine after the war," Zelenskiy said in his nightly video address after meeting Bloom.

"This is not a good moment for American diplomacy," said William Kirby, a professor of Chinese studies at Harvard University. A source familiar with that conversation called it the most antagonistic U.S.-China engagement since contentious talks in Alaska early in the Biden administration. Name me one," Biden said in his speech, evidently referring to a host of domestic and foreign policy challenges facing China. However, Biden is likely to find Xi emboldened in any call after a Chinese-brokered rapprochement between Saudi Arabia and Iran and his meetings with Putin. Reporting by David Brunnstrom and Michael Martina Editing by Don Durfee and Alistair BellOur Standards: The Thomson Reuters Trust Principles.

☆ U.N. Libya envoy points to 'alternatives' if political bodies duck electoral pact
▼ + stars: | 2023-03-24 | by ( Angus Mcdowall | ) www.reuters.com time to read: +4 min

Envoy Abdoulaye Bathily is seeking to break Libya's long internal stalemate with an election this year to replace transitional political bodies that have long outlived their mandates. He announced a new initiative last month to speed up the political process, prompting the two legislative bodies, the House of Representatives (HoR) and the High State Council (HSC), to set up a committee to look at electoral laws. "They have to deliver on this in a timely manner," he told Reuters in an interview on Friday from Tripoli. Bathily earlier this month said the legislative bodies' committee would have to approve clear electoral laws in June in order for a national vote to go ahead this year. Many Libyans are also doubtful about any election in a country where most territory is controlled by armed factions that may back or oppose particular candidates even if the political bodies can agree to rules.

☆ Citi lays out the possible outcomes for First Republic after banking crisis
▼ + stars: | 2023-03-23 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The path forward for First Republic after this month's banking crisis remains unclear, but Citigroup identified some possible scenarios for the embattled San Francisco-based bank. While the bank hasn't specified its deposit outflows, Citi noted that they've been substantial. In fact, CNBC's David Faber reported this month that JPMorgan is advising First Republic on strategic alternatives , including a capital raise or possible sale. Again, without knowing the actual level of deposit outflows, the underlying situation could vary quite a bit from our estimates," Cyganovich continued. "Given the challenges of the first two outcomes above, some form of government intervention seems increasingly likely, albeit in what form remains unclear," the analyst wrote.

☆ Shoppers say secondhand stores like Goodwill are getting too expensive as Gen Z makes thrifting cool
▼ + stars: | 2023-03-21 | by ( Mary Hanbury | ) www.businessinsider.com time to read: +4 min

TikTokers are complaining about high prices in secondhand stores like Goodwill and Salvation Army. The US thrift market has grown substantially in recent years and thrifting has become a popular pursuit of Gen Z shoppers, who have been credited with championing a more sustainable way to shop. But Gen Z shoppers aren't only buying secondhand items for themselves. That is a dubious delineation when it comes to major secondhand clothing corporations," Jennifer Le Zotte, an assistant professor at the University of North Carolina Wilmington told Vox. 23-year-old Stefani Colvin, who has been thrifting since 2016, told Insider that prices have been gradually on the rise in thrift stores.

☆ Samsung wins jury trial in 'S10' trademark lawsuit
▼ + stars: | 2023-03-20 | by ( Blake Brittain | ) www.reuters.com time to read: +2 min

FILE PHOTO: A Samsung employee poses with the new Samsung Galaxy S10 5G smartphone at a press event in London, Britain February 20, 2019. REUTERS/Henry Nicholls(Reuters) - Samsung Electronics Co Ltd convinced a Los Angeles federal jury on Friday that its Galaxy S10 phones do not violate the trademark rights of a talent-management agency that also uses the “S10” name. S10 Entertainment, which manages the pop singers Anitta and Normani, said it began using the S10 name in 2017. “As a result of confusion between Samsung’s S10 phone line and S10 Entertainment’s S10 mark, the value and goodwill of S10 Entertainment’s Instagram and social media footprint has been severely diminished,” the lawsuit said. The case is S10 Entertainment & Media LLC v. Samsung Electronics Co, U.S. District Court for the Central District of California, No.

☆ US, China, Russia argue over North Korea at United Nations
▼ + stars: | 2023-03-20 | by ( Michelle Nichols | ) www.reuters.com time to read: +3 min

[1/2] People watch a TV broadcasting a news report on North Korea firing a ballistic missile into the sea off its east coast, at a railway station in Seoul, South Korea, March 16, 2023. REUTERS/Kim Hong-Ji/File PhotoUNITED NATIONS, March 20 (Reuters) - The United States, China and Russia argued during a United Nations Security Council meeting on Monday over who was to blame for spurring North Korea's dozens of ballistic missile launches and development of a nuclear weapons program. North Korea has been under U.N. sanctions for its missile and nuclear programs since 2006. China and Russia blamed joint military drills by the United States and South Korea for provoking Pyongyang while Washington accuses Beijing and Moscow of emboldening North Korea by shielding it from more sanctions. Russia and China, veto powers along with the United States, Britain and France, have said more sanctions will not help and want such measures to be eased.

Kishida said there were four "pillars" to Japan's new Indo-Pacific plan: maintaining peace, dealing with new global issues in cooperation with Indo-Pacific countries, achieving global connectivity through various platforms, and ensuring the safety of the open seas and skies. Japan pledged $75 billion to the region by 2030 via private investment and yen loans and by ramping up aid through official governmental assistance and grants. "We plan to expand the cooperation of the free and open Indo-Pacific framework," Kishida told the Indian Council of World Affairs. China has ramped up its military presence in the Indo-Pacific and rapidly modernised its navy while promoting its Belt and Road Initiative. "Giving voice to the priorities of the Global South is an important pillar of our G20 presidency," Modi said after his talks with Kishida.

☆ UBS to take over Credit Suisse, central banks act on liquidity
▼ + stars: | 2023-03-19 | by ( Reuters Staff | ) www.reuters.com time to read: +13 min

LONDON/NEW YORK (Reuters) -UBS sealed a deal to buy rival Swiss bank Credit Suisse in an effort to avoid further market-shaking turmoil in global banking, Swiss authorities said on Sunday. FILE PHOTO: The logo of Credit Suisse is pictured in front of the Swiss Parliament Building, in Bern, Switzerland, March 19, 2023. The reports that UBS is acquiring Credit Suisse will likely magnify Credit Suisse’s problems by moving them to UBS... The Credit Suisse issues are not new and needed to be resolved years ago. A legal challenge by Credit Suisse shareholders, who will claim that their property has been illegally confiscated, is guaranteed.

Some companies have expressed concern that a ruling against Jack Daniel's would weaken their control over their brands and reputations. The toy mimics Lynchburg, Tennessee-based Jack Daniel's famous whiskey bottles with humorous dog-themed alterations - replacing "Old No. "Jack Daniel's loves dogs and appreciates a good joke as much as anyone," the company told the justices in a brief. "But Jack Daniel's likes its customers even more, and doesn't want them confused or associating its fine whiskey with dog poop." VIP Products has said a ruling favoring Jack Daniel's would make it easier for trademark owners to stifle free speech.

☆ Supreme Court to hear trademark dispute case over Jack Daniel's whiskey and poop-themed dog toy
▼ + stars: | 2023-03-19 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

The Supreme Court is set to hear arguments in a case over a dog toy modeled after a Jack Daniel's bottle. Lower courts have differed on whether the toy harms Jack Daniel's brand or is protected expression. "But VIP's profit-motivated 'joke' confuses consumers by taking advantage of Jack Daniel's hard-earned goodwill." "The Bad Spaniels dog toy, although surely not the equivalent of the Mona Lisa, is an expressive work," Judge Andrew Hurwitz wrote in the ruling. Jack Daniel's did not immediately respond to Insider's request for comment.

☆ Ticketmaster will give Cure fans a refund after Robert Smith said he was 'sickened' by its additional charges and demanded an explanation
▼ + stars: | 2023-03-17 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

Ticketmaster will refund "unduly high" fees to Cure fans following complaints from Robert Smith. The singer told fans Thursday he was as "sickened" as they were about the additional charges. Smith later tweeted that fans who bought the cheapest tickets would get $10 refunds. Smith tweeted Thursday: "I am as sickened as you all are by today's Ticketmaster 'fees' debacle." The platform will also give an automatic $5 refund per ticket for those who paid more to see any show on the US tour, Smith added.

Greg Becker, who was the longtime CEO of Silicon Valley Bank, pictured last year. "Looks like Silicon Valley Bank is in some deep shit," Uncommon Capital general partner Jamie Quint tweeted. Startup founders scrambled to get their funds out of Silicon Valley Bank after its collapse. Andreessen Horowitz announced this week that it will continue banking with Silicon Valley Bank "for the foreseeable future" but is crafting a longer-term plan to diversify. Even so, he added, "I think we'd be supportive, as they stabilize, for them to be one of many partners that our founders bank with."

☆ The China-brokered Saudi-Iran deal has big repercussions for the Middle East — and the U.S.
▼ + stars: | 2023-03-15 | by ( Natasha Turak | ) www.cnbc.com time to read: +8 min

Taking up a specific role that the U.S. could not have fulfilled, this was Beijing's first foray into Middle East mediation, an area that for the past few decades was largely occupied by Washington. "I think China was a good partner to do this. I think they're the right people," he said, noting that China invests heavily in Saudi Arabia and is its top trading partner. Chinese President, Xi Jinping (L) is welcomed by Crown Prince of Saudi Arabia Mohammed bin Salman Al Saud (R) at the Palace of Yamamah in Riyadh, Saudi Arabia on December 8, 2022. And not just economically, as it already exports an immense amount of goods to the Middle East and is the largest importer of Saudi oil – but politically.

☆ The tech industry avoided an ‘extinction-level event,’ but it’s not unscathed
▼ + stars: | 2023-03-13 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +7 min

CNN —For much of the weekend, Silicon Valley scrambled to find a way through what one prominent tech investor described as an “extinction-level event for startups” after the collapse of a top lender in the industry. “You can feel the collective *sigh*,” Ryan Hoover, a tech founder and investor wrote on Twitter Sunday. SVB’s collapse also risks changing how the world, and prospective recruits, think of Silicon Valley. The bank worked with nearly half of all venture-backed tech and healthcare companies in the United States. President Joe Biden emphasized in remarks Monday that “no losses will be borne by the taxpayers” related to the government’s intervention for Silicon Valley Bank.

☆ Taiwan to allow more China flights in show of goodwill
▼ + stars: | 2023-03-09 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, March 9 (Reuters) - Taiwan's government said on Thursday it would allow the resumption of more direct flights to China that had been stopped due to the COVID-19 pandemic, in a show of political goodwill to Beijing despite festering military tensions. Taiwan, which China views as its own territory, currently allows direct flights to only four Chinese cities - Beijing, Shanghai, Chengdu and Xiamen - but before the pandemic multiple Chinese cities were connected to the island. China has been pressing Taiwan to resume the flights, urging against using the pandemic as an excuse for further delay. "We also hope to build on the foundation of these resumed flights to gradually increase the exchange of goodwill gestures and cooperative interactions by both sides." Taiwan and China began regular direct flights to each other in 2009, after beginning charter flights in 2003.

☆ Bolloré Jr. readies Vivendi for asset purge
▼ + stars: | 2023-03-09 | by ( ) www.reuters.com time to read: +2 min

But the markdown gives Yannick more latitude to end his father’s ill-fated Italian foray while continuing to play hardball to raise the price tag. Here again, the move will give Bolloré junior more freedom to consider offers from potential buyers, which the European Commission will have to approve. At 70, the elder Bolloré, who remains in charge of the family holding that owns a 30% stake in Vivendi, is gradually implementing his succession plan. At 9.8 euros, Vivendi’s stock fails to capture the value of its various investments and trades below an analysts’ target of between 12 to 15 euros. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Ties which have often been rocky since Britain voted to leave the European Union in 2016 have been fortified by the countries' support for Ukraine since Russia's invasion. "The partnership the UK and France share runs deep," Sunak said on Twitter. "From tackling illegal migration to driving growth in our economies to defending our common security, when we work together we all benefit. The Times newspaper said he would announce Britain was providing funding to France to invest in police, security and intelligence. The payments were expected to exceed 200 million pounds over three years, the report said, citing unnamed sources.

☆ Israel urges Brazil to undock Iranian warships
▼ + stars: | 2023-03-02 | by ( ) www.reuters.com time to read: +2 min

JERUSALEM, March 2 (Reuters) - Israel on Thursday criticised Brazil's decision to grant berth to two Iranian warships in the face of U.S. pressure, and urged President Luiz Inacio Lula da Silva's government to send them away. Reuters reported that Brazil had declined to admit them in January, in a goodwill gesture from Lula as he flew to Washington to meet U.S. President Joe Biden. Lior Haiat, spokesperson for Israel's Foreign Ministry, called the Brazilian berth for the warships "a dangerous and regretful development," accusing the Iranian navy of cooperating with sanctioned entities in Tehran. In a Feb. 15 press conference, the U.S. ambassador to Brazil had urged it not to allow the ships to dock. A Feb. 23 notice in a Brazilian gazette said the warships had been given permission to dock between Feb. 26 and March 4.

☆ Brexit slammed the UK economy. The Northern Ireland deal gives it hope
▼ + stars: | 2023-02-28 | by ( Hanna Ziady | ) edition.cnn.com time to read: +8 min

It delivers “long-lasting solutions” that will work for the people and businesses of Northern Ireland, she added. It also allows the UK government to determine sales tax rates for businesses in Northern Ireland and gives the Northern Ireland government emergency powers to oppose new EU rules on some goods. A boost to BritainBeyond its importance to Northern Ireland, the deal eases the uncertainty Brexit created for Britain. The new Northern Ireland deal opens the door to closer UK-EU cooperation on financial services, energy, immigration and scientific research, according to experts. “You need to address the Protocol before you do anything else,” said Anna Jerzewska, the founder of international trade consultancy Trade & Borders.

☆ Here are answers to 5 key questions about the labor board’s severance agreement rule change
▼ + stars: | 2023-02-26 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

Can my employer no longer ever require that I stay quiet in exchange for severance? Normally there is a six-month window akin to a statute of limitations to bring an alleged violation to the board’s attention. So can employers now never require me to stay mum about the company as a condition of receiving severance? It’s easy to forget, but there is no legal requirement for employers to offer laid off workers severance. “There’s a real risk to employees that the case will have a negative impact on the size of severance packages going forward,” he said.

☆ The success of resale businesses right now hinges on consumer costs, say the investors of 'Shark Tank'
▼ + stars: | 2023-02-25 | by ( Alexandra York | ) www.businessinsider.com time to read: +4 min

Mark Cuban invested $300,000 for 25% equity in the resale startup Retold Recycling on "Shark Tank." Here's what the cofounders learned about running a resale business on "Shark Tank." Yeoh and Trumble are hoping to do this by tapping consumer and investor interest in the resale and sustainable-clothing spaces. Here's what the cofounders learned from the celebrity investors about running a sustainable-resale business during their time in the tank. Christopher Willard/Getty ImagesWhile the sharks supported the mission of Retold Recycling, many didn't see a business opportunity for themselves or a way to turn a profit.

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