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☆ How the Red Sea crisis could clobber the global economy
▼ + stars: | 2024-01-10 | by ( Hanna Ziady | ) edition.cnn.com time to read: +9 min

The Suez Canal accounts for 10-15% of world trade, which includes oil exports, and for 30% of global container shipping volumes. Maersk CEO Vincent Clerc told the Financial Times Thursday that re-establishing safe passage through the Red Sea could take “months.” “It could potentially have quite significant consequences on global (economic) growth,” he added. Ikea has warned of shipment delays and potential shortages of certain products due to disruption in the Red Sea. Some ocean carriers that ordinarily transit through the Panama Canal had rerouted to the Suez Canal before the attacks in the Red Sea escalated, according to logistics company C.H. Matthew Burgess, vice-president of global ocean services at the firm, said global shipping capacity would be constrained for a while yet.

Persons: Joe Biden, Vincent Clerc, Germany’s, Mohamed, El Erian, ” Simon MacAdam, Lily Millard, Ben May, Good Hope, ”, ” It’s, Abercrombie &, Nathan Howard, “, ” Philip Damas, —, Judah Levine, Levine, Eric Thayer, Carolina Klint, Marsh McLennan, Robinson, Matthew Burgess, we’ve, Gene Seroka, Burgess, C.H Organizations: London CNN, British, Energy, World Bank, Maersk, MSC, Lloyd, CMA CGM, Financial Times, Global, Germany’s Kiel Institute, Allianz, Bank, Capital Economics, Oxford Economics, European Automobile Manufacturers ’ Association, Ikea, CNN, Abercrombie, Abercrombie & Fitch, Bloomberg, Getty, Drewry Supply Chain Advisors, Marsh, United, Port Locations: Iran, Crocs, Suez, Yemen, Gaza, Germany, Brent, Gulf, Oman, South Africa, Germany’s Kiel, Red, Israel, Good, Europe, ”, China, Asia, Los Angeles, United States, Panama, Rotterdam, of Los Angeles, of New York, New Jersey

☆ With geopolitical tensions mounting, Bernstein expects 3 defense stocks to soar 20%
▼ + stars: | 2023-11-29 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

"The rising geopolitical threats in APAC has been a driver of military spending for the Western nations. In addition, APAC countries have become more important for their own military expenditures, which present some opportunities for Western defense contractors through either exports or partnerships," they added. Quoting research from the Stockholm International Peace Research Institute , Bernstein said that global defense spending reached a record high of $2.2 trillion last year. Why is defense spending on the rise? For instance, South Korea's defense spending is high given its longstanding tensions with neighbor North Korea.

Persons: AllianceBernstein, Bernstein, Northrop Grumman, CNBC's Michael Bloom Organizations: Asia, Stockholm International Peace Research Institute, Boeing Co, Dassault Aviation, U.S Locations: Asia, Pacific, U.S, APAC, Stockholm, China, North Korea, North America, Europe, Russia, Japan, Australia, United Kingdom, India, Pakistan, Soviet, Vietnam, Philippines, Taiwan, Malaysia, Brunei

☆ CNBC Daily Open: AI schadenfreude is real
▼ + stars: | 2023-11-29 | by ( Clement Tan | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Munger's family said he died peacefully Tuesday morning at a California hospital, according to a press release from Berkshire Hathaway. Bob the builderDisney Chief Executive Officer Bob Iger told employees Tuesday during an internal town hall that he was looking forward to "building again" after spending 2023 mending parts of the business that "needed attention." [PRO] Defense winnersMany countries have beefed up their defense budgets as geopolitical threats mount in the Asia-Pacific region and elsewhere in the world.

Persons: China's CSI300, Korea's KOSPI, Munger, Charlie Munger, Warren Buffett's, Munger's, Berkshire Hathaway, Buffett, Bob, Bob Iger, Iger, Goldman, Apple, Goldman Sachs, CNBC's Leslie Picker, AllianceBernstein Organizations: CNBC, Hong, Nikkei, Federal Reserve, Berkshire Hathaway, Berkshire, Disney, ESPN, Apple Locations: Frankfurt, Germany, Hong Kong, Asia, Pacific, California

KUALA LUMPUR, Malaysia (AP) — Organizers of Wednesday's Coldplay concert in Malaysia can stop the show if the British rock band misbehaves, a minister said as the government rejected Muslim conservatives' calls to cancel the show. Led by the country's opposition bloc, Muslim conservatives have protested the concert over Coldplay’s support for the LGBTQ+ community. Communication and Digital Minister Fahmi Fadzil said he doesn't foresee any problem with Coldplay's first concert in Malaysia later in the night. Prime Minister Anwar Ibrahim has justified allowing the Coldplay concert, telling Parliament on Tuesday that “Coldplay is actually among the bands that support Palestine." Anwar said pro-Palestinian groups also approached his office in support of the Coldplay concert.

Persons: Wednesday's, Fahmi Fadzil, Coldplay's, ” Fahmi, Anwar Ibrahim, Coldplay, Anwar, Ahmad Fadhli Shaari, ”, ” Coldplay, Chris Martin Organizations: —, Wednesday's Coldplay, Digital, Malaysia, British, Coldplay, Islamic, PAS, Live, Police, Coldplay's, Protesters Locations: KUALA LUMPUR, Malaysia, British, Israel, Kuala Lumpur, “, Palestine, Indonesia

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsBRUSSELS, Nov 22 (Reuters) - EU lawmakers agreed on Wednesday to draft rules requiring Alphabet's (GOOGL.O) Google, Meta (META.O) and other online services to identify and remove online child pornography, saying that end-to-end encryption would not be affected. EU lawmakers have to thrash out the final details with member states before the draft can become legislation in a process that may be finalised next year. An EU Centre on Child Sexual Abuse will be set up to act as a hub of expertise and to forward reports to the police. To avoid mass surveillance, EU lawmakers beefed up detection orders to allow judicial authorities to authorise time-limited orders to find and delete CSAM. These can only be issued if there is reasonable grounds of suspicion of child sexual abuse.

Persons: Dado Ruvic, Foo Yun Chee, Alexander Smith Organizations: Facebook, REUTERS, Rights, Google, European, European Union, EU, Liberal, Thomson Locations: Rights BRUSSELS

☆ Jordan says it beefs up army presence along borders with Israel
▼ + stars: | 2023-11-21 | by ( Suleiman Al-Khalidi | ) www.reuters.com time to read: +3 min

REUTERS/Mohamed Azakir/File Photo Acquire Licensing RightsAMMAN, Nov 21 (Reuters) - Jordan said on Tuesday the army had beefed up its presence along its borders with Israel and warned that any Israeli attempt to forcibly push Palestinians across the Jordan River would represent a breach of its peace accord with its neighbour. The Israel-Gaza conflict has stirred long-standing fears in Jordan, home to a large population of Palestinian refugees and their descendants. "This would lead to the liquidation of the Palestinian cause and to harming the national security of Jordan," Khasawneh added. Jordan, the second Arab country after Egypt to sign a peace accord, has had strong security ties with Israel. "The peace treaty would be a piece of paper on a shelf covered with dust if Israel did not respect its obligations and violated it," Khasawneh said.

Persons: Bisher, Mohamed Azakir, Jordan, Bisher Khasawneh, Khasawneh, Suleiman Al, Khalidi, Jonathan Oatis Organizations: Jordanian, REUTERS, Rights, West Bank, Hamas, Thomson Locations: Beirut, Lebanon, Rights AMMAN, Israel, Gaza, Jordan, Palestine, Egypt, Washington

☆ Meta is begging the government for new rules on age verification. But is it really trying to stick it to TikTok?
▼ + stars: | 2023-11-17 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +6 min

Meta published a blog inviting legislation that would require parental approval to download apps. But preventing teens from getting apps would likely hurt TikTok more than it would Meta. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . For starters, making it harder for 13-to-16 year olds to download social apps would probably hurt TikTok far more than it would Meta. Although Meta's apps are somewhat rebounding, the chokehold TikTok has on younger kids compared to Meta is stark.

Persons: Meta, —, Mark Zuckerberg's, Antigone Davis, TikTok, Meta's, Mark Zuckerberg, it's, We've, Faith Eischen, we're, Danny Weiss, Weiss Organizations: Meta, Service, Facebook, Google, Apple, Media Locations: China, New York, California, Massachusetts

☆ Shoppers like having items behind locked glass says Target, even as hundreds complain online
▼ + stars: | 2023-11-16 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Target's CEO said shoppers are happy items are locked up in stores and protected from theft. He was asked by a CNBC reporter whether there had been a measurable drop in sales due to frustration from shoppers who have to wait for employees to unlock items locked behind glass cases. Cornell said he had visited stores across the East Coast and West Coast the previous week where items had been locked up. AdvertisementAs a result, Target has beefed up security in affected stores including locking up aisles of items behind glass cases, that can only be unlocked by employees. She said she would have spent more time in-store and shopped for more items, but the experience put her off.

Persons: —, Brian Cornell, Cornell, Target Organizations: Service, CNBC, West Coast, Shoppers, Target Locations: East Coast, West

☆ A Salt-of-the-Earth Town That Sparkles
▼ + stars: | 2023-11-14 | by ( Amy Tara Koch | ) www.nytimes.com time to read: +1 min

After he closed Cyrus, the Healdsburg, Calif., restaurant for which he’d earned two Michelin stars, in 2012, it took the chef Douglas Keane a decade to scout the dream locale for his new restaurant. Mr. Keane finally landed last year at a former prune-packing plant overlooking vineyards where the Russian River snakes through the Alexander Valley. Those vineyards are not in Healdsburg, Sonoma County’s unofficial gastronomic headquarters, but eight miles north in blink-and-you’ll-miss-it Geyserville. “Geyserville is real, rural wine country: Farmers are out at 5 a.m.,” said the 52-year-old chef on what drew him to the town. The whole town may be just two blocks of Wild West-looking storefronts, but its charms take an entire weekend to uncover.

Persons: Cyrus, he’d, Douglas Keane, Keane, ” Organizations: Michelin Locations: Calif, Alexander, Healdsburg, Sonoma

☆ NYU is sued by Jewish students who allege antisemitism on campus
▼ + stars: | 2023-11-14 | by ( Jonathan Stempel | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +3 min

NEW YORK, Nov 14 (Reuters) - New York University (NYU) was sued on Tuesday by three Jewish students who accused the school of creating a hostile environment in which Jewish students are subjected to pervasive antisemitic hatred, discrimination, harassment and intimidation. They also said Jewish students' complaints are "ignored, slow-walked, or met with gaslighting" by NYU administrators including Linda Mills, who became president in July. According to the complaint, Mills this month dismissed a petition from 4,000 NYU members expressing concern about antisemitism, saying the problem had been blown "out of proportion" and chiding Jewish students as "alarmist." "NYU's deliberate indifference toward the plight of its Jewish students under siege by egregious antisemitism has been outrageous," Marc Kasowitz, a lawyer for the plaintiffs, said in a statement. The case is Ingber et al v New York University, U.S. District Court, Southern District of New York, No.

Persons: Bella Ingber, Sabrina Maslavi, Saul Tawil, Hitler, Linda Mills, Mills, Tawil, Maslavi, Marc Kasowitz, Jonathan Stempel, Bill Berkrot Organizations: New York University, NYU, Hamas, Jewish, U.S, Court, Southern District of, Thomson Locations: Manhattan, Israel, Southern District, Southern District of New York, New York

Their last meeting was at the Group of 20 summit in Indonesia last fall. The U.S. has consistently viewed military relations with China as critical to avoiding any missteps and to maintaining a peaceful Indo-Pacific region. Sullivan also said there were other areas where U.S. and Chinese interests overlap, particularly on the effort to combat fentanyl trafficking. The White House announced Monday that Biden would also meet with Mexican President Andrés Manuel López Obrador later this week. Associated Press Writers Janie Har in San Francisco and Lolita C. Baldor and Didi Tang in Washington contributed to this report.

Persons: Joe Biden, Xi Jinping, The, Biden, Xi, Jake Sullivan, ” Sullivan, “, Sullivan, Andrés Manuel López Obrador, Janet Yellen, ___ Madhani, Janie Har, Lolita C, Baldor, Didi Tang Organizations: WASHINGTON, —, Economic Cooperation, The Biden, Group, Biden, White House, U.S . Navy, Air Force, Disease Control, Drug Enforcement Administration, U.S, Democratic, White, Moscone Center, APEC, Finance, San Francisco Police Department, Union Square, Associated Press Locations: Asia, San Francisco, Indonesia, China, U.S, Pacific, Washington, Mexico, Iran, Taiwan, Beijing, Taipei, Taiwan Strait, Tehran, Israel, Union

☆ China has a sweeping vision to reshape the world — and countries are listening
▼ + stars: | 2023-11-09 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +23 min

All this coincides with longstanding calls from countries across the developing world for an international system where they have more say. Beijing, he added, sees the US as merely “paying lip service” to the “liberal order” to hurt other countries. Sergei Savostyanov/Sputnik/ReutersIn recent years, even some countries that have for decades embraced a close partnership with the US have drawn closer to China and its vision. “Is China really trying to promote multipolarity — or does China just want to (become a) substitute (for) US influence over the world?” he asked. They also raise questions about how a more militarily and economically powerful China would behave globally, if left unchecked.

Persons: Xi Jinping, —, Xi, Vladimir Putin, General Antonio Guterres, ” Xi, , Shen Hong, they’d, ”, Yun Sun, liberalize, Sanjit Das, Shen Dingli, ‘, ’ ”, Russia’s Putin, Bashar al, Assad —, Assad’s, Sergei Savostyanov, Ali Sarwar Naqvi, “ We’ve, James Marape, ’, Rubens Duarte, Li Zhiquan, “, Tong Zhao, Zhao, Ted Aljibe, Luiz Inácio Lula da Silva, Zhang Youxia, Beijing’s, Gilberto Teodoro Jr, BRICS, Weeks, Joe Biden, Sergio Lima, ” — Organizations: Hong Kong CNN, United Nations, Forum, China, Communist, CNN, Beijing, Washington, Getty, Stimson, Bank, World Trade Organization, . Riot, Bloomberg, Initiative, Asian, Global, Sputnik, Reuters, Center for International Strategic Studies, Papua New Guinea, multipolarity, China News Service, Carnegie Endowment, International Peace, Global Security Initiative, NATO, Russia, Philippine Defense, Shanghai Cooperation Organization, United, New, Seven, Ministry, Global Security, Group, UN, Communist Party Locations: China, Hong Kong, Beijing, United States, Ukraine, Gaza, Russian, Xinhua, Washington, South, Taiwan, Tibet, Xinjiang, America, Shanghai, West, Hangzhou, Israel, Pakistan, Pakistani, Islamabad, Papua New, Brazil, Indonesia, Europe, Asia, Scarborough, South China, AFP, Moscow, Russia, “, Saudi Arabia, Iran, Palestine, India, South Africa, Argentina, Egypt, Ethiopia, United Arab Emirates, New Delhi, Southeast Asia, Latin America, Caribbean, ” Beijing

☆ Jordan says 'all options' open as Gaza conflict intensifies
▼ + stars: | 2023-11-06 | by ( Suleiman Al-Khalidi | ) www.reuters.com time to read: +3 min

REUTERS/Mohamed Azakir/File photo Acquire Licensing RightsAMMAN, Nov 6 (Reuters) - Jordan said on Monday it was leaving "all options" open in its response to what it called Israel's failure to discriminate between military and civilian targets in its intensifying bombardment and invasion of the Gaza Strip. "All options are on the table for Jordan in our dealing with the Israeli aggression on Gaza and its repercussions," Khasawneh, whose country signed a peace treaty with Israel in 1994 - told state media. Khasawneh said Israel's siege of the densely populated Gaza was not self-defence as it maintains. Such worries have increased since Israel's religious-nationalist ruling coalition, its most right-wing government ever, took office last year, with some hardliners espousing the "Jordan is Palestine option". "Any attempt to expel Palestinians in an attempt by Israel to change geography and demography we will confront," Safadi said last week.

Persons: Bisher, Najib Mikati, Mohamed Azakir, Jordan, Bisher al Khasawneh, Khasawneh, Israel, Ayman Safadi, Safadi, Jordan's, Antony Blinken, William Burns, Suleiman Al, Khalidi, Mark Heinrich Our Organizations: Jordanian, Lebanese, REUTERS, Rights, Gaza, Jordan, West Bank, U.S, CIA, Thomson Locations: Beirut, Lebanon, Rights AMMAN, Gaza, Israel, Amman, Jordan, Palestine, Jordanian

Over the span of about a year and a half, the Fed aggressively raised interest rates to their highest level in 22 years. The Fed also manages a multitrillion-dollar balance sheet that includes government securities. Here's how that works: The Fed holds assets like Treasuries, mortgage-backed securities, and loans extended to banks. For over a year now, the Fed has been steadily shrinking its balance sheet to help cool the economy. That reduction is known as “quantitative tightening” or a “balance sheet runoff.”

Persons: that’s, ” Organizations: Congress, Fed Locations: Treasuries

In London, girls in a playground are told they are "stinking Jews" and should stay off the slide. In China, posts likening Jews to parasites, vampires or snakes proliferate on social media, attracting thousands of "likes". She was describing what was in the minds of those behind antisemitic incidents. The most chilling antisemitic incident globally was the storming of an airport in Russia's Dagestan region on Sunday by an enraged crowd looking for Jews to harm after a flight arrived from Tel Aviv. Rabbi Alexander Boroda, president of Russia's Federation of Jewish Communities, said in response that anti-Israeli sentiment had morphed into open aggression towards Russian Jews.

Persons: Anna Gordon, Anthony Adler, Adler, Nonna Mayer, France's, Israel, Mayer, Rabbi Alexander Boroda, Shneor Segal, Akiva Carr, Layli Foroudi, Julia Harte, Chen Lin, Maytaal Angel, Andrew Osborn, Carien du Plessis, Steven Grattan, Eliana, Wa Lone, Thomas Escritt, Stephanie Van Den Berg, Estelle Shirbon, Angus MacSwan Organizations: REUTERS, Russia's Federation of Jewish, Cornell University, Center for Jewish, Thomson Locations: Golders Green, London, Britain, Gaza, Los Angeles, China, Israel, United States, France, Germany, South Africa, Russia's Dagestan, Tel Aviv, Azerbaijan, Caucasus, Buenos Aires, New York, Johannesburg, Western Europe, Dagestan, Wa

☆ How ‘Nightmare Before Christmas’ went from a cult classic to beloved Disney property
▼ + stars: | 2023-10-31 | by ( Scottie Andrew | ) edition.cnn.com time to read: +8 min

Audience support led to multiple rereleases, elevating the film from a cult classic to a must-watch movie during both Halloween and Christmas. But after the “Beetlejuice” filmmaker departed the studio and proved his success in helming his first “Batman” film, Disney returned to the project. Moviestore/Shutterstock“They never felt (“Nightmare”) was a Disney film,” Selick told IGN. Disneyland's Haunted Mansion attraction is dressed up from Halloween to Christmas with characters from "The Nightmare Before Christmas." “Nightmare” characters now make regular appearances at the Disney parks during Halloween and Christmas, greeting young visitors and appearing on seasonal merchandise.

Persons: CNN —, Jack Skellington, Aladdin, ”, Roger Rabbit ”, It’s, Ariel, Mickey Mouse, Sally, Henry Selick, Tim Burton, Mickey, ” Selick, A.frame, Disney, Burton, Selick, Boogie, Sandy, Disney execs, Mr, “, Jack, Roger Ebert, Patrick Fallon, Coco ”, Alice, Wonderland, “ Paranorman ”, he’s Organizations: CNN, Disney, ” Disney, Touchstone Pictures, Academy of Motion Picture Arts, Sciences, Halloween, IGN, Hollywood, Disneyland, Bloomberg, Getty, Walt Disney Pictures, Pixar Locations: California, yearn

☆ How the Fed is using its multi-trillion-dollar balance sheet to fight inflation
▼ + stars: | 2023-10-29 | by ( Bryan Mena | ) edition.cnn.com time to read: +9 min

Washington, DC CNN —The Fed’s fight against inflation is about to enter a new phase, but the central bank’s enormous balance sheet will continue to play a key role. The Fed also manages a multi-trillion-dollar balance sheet that accounts for trillions in government securities and lists how much currency is in circulation. For over a year now, the Fed has been steadily shrinking its balance sheet to help cool the economy. The Fed’s balance sheet is currently at around $7.9 trillion, down from its peak of $9 trillion in early 2022 right before the runoff. They also see alternative scenarios for the end of the balance sheet runoff if there isn’t a recession.

Persons: that’s, Lael Brainard, What’s, Wells, Jerome Powell, JPMorgan Chase’s Jamie Dimon, Jamie Dimon, Krystal Hur, Dimon —, Mr, Dimon, JPMorgan Chase, what’s, Estee Lauder, Kraft Heinz, Yum, Bausch, Eli Lilly, Molson Organizations: CNN Business, Bell, DC CNN, Congress, Fed, Wall Street, JPMorgan, JPMorgan Chase, CNN, HSBC, McDonald’s, China’s National Bureau of Statistics, Bank of Japan, Pfizer, Caterpillar, Marathon Petroleum, Sirius XM, Anheuser, Busch, BP, Chesapeake Energy, US Labor Department, Global, Board, CVS, GSK, Humana, Reuters, Apollo Global Management, Brands, Garmin, Cruise Line Holdings, Qualcomm, Airbnb, PayPal, MetLife, Aflac, AIG, Allstate, Prudential, P Global, Institute for Supply Management, Federal Reserve, ConocoPhillips, Starbucks, Duke Energy, Shopify, Ferrari, Marriott International, Moderna, Fox, Molson Coors, Hyatt, Apple, Motorola, Bank of England, Dominion Energy, Gartner, Restaurant Brands Locations: Washington, Treasuries, China’s, Mondelez, DoorDash, Avis, Shell, Cigna

☆ Trump mines data trove in Iowa to avoid mistakes of 2016 loss
▼ + stars: | 2023-10-27 | by ( Nathan Layne | ) www.reuters.com time to read: +7 min

[1/5] Volunteers gather at the Donald Trump 2024 campaign headquarters in Iowa ahead of a door-knocking event in Urbandale, Iowa, U.S., October 14, 2023. Reuters interviews with nearly 40 party leaders, Trump staff and campaign volunteers in Iowa show how the former president has learned from his past mistakes. In 2016, Trump, thinking he had little chance of winning Iowa, kept his operation in the state threadbare. "I don't think people realize in 2016 how shoestring that was," said Jeff Kaufmann, chairman of the Iowa Republican Party, referring to the Trump campaign. In 2016 Trump didn't have the staffing or digital infrastructure to follow up on such leads, meaning many Trump supporters like Jones and her husband stayed home on caucus night.

Persons: Donald Trump, Nathan Layne, Trump, Ted Cruz, Jeff Kaufmann, Rachel Paine Caufield, Trump's, Ron Desantis, Alex Latcham, we've, Ann Jones, Jones, Marshall Moreau, Cris Christenson, DeSantis, he's, Jonah Jones, Adel, Ross Colvin, Daniel Wallis Organizations: Volunteers, REUTERS, DES, Trump, Iowa Republican Party, Sunday Trump, Drake University, Reuters, DeSantis, Hawkeye State, Ipsos, Iowa, Christian, Republican, Thomson Locations: Iowa, Urbandale , Iowa, U.S, , Iowa, Sioux City, Florida, Cruz, Adel, Des Moines, Clive , Iowa, Adel , Iowa

NEW YORK (AP) — Donald Trump isn’t used to constraints. Trump is not only a former president, but also the leading candidate for the 2024 Republican presidential nomination. Just days ago, he was fined $5,000 for violating the same gag order, which Engoron imposed after Trump targeted his principal law clerk on social media. Indeed, things are likely to get much more complicated for Trump in the coming months as his four criminal trials get underway. New York court officials have beefed up security for judges and court personnel involved in Trump matters in the wake of the threats.

Persons: — Donald Trump isn’t, Trump, “, ” Judge Arthur Engoron, ”, Jimmy Gurule, Engoron, Radical Left Democrat ”, Letitia James “, ” Gurule, jailing, Gurule, overshadowing, Laurie Levenson, he’s, —, Jack Smith, ” Levenson, Martin Shkreli, Hillary Clinton’s, Sam Bankman, Smith, “ weaklings, Aileen Cannon, Juan Manuel Merchan, ” Engoron, fining Trump, ___ Tucker, Durkin Richer, Michael R, Michelle L, Price, Jake Offenhartz, Jennifer Peltz Organizations: White, Republican, Notre Dame, Radical Left Democrat, New York, Trump, Loyola Law School, ” Prosecutors, Associated Press Locations: New York, York, Brooklyn, Manhattan, Washington, Trump, Boston, Sisak

☆ With House speaker installed, US Congress returns to spending battles
▼ + stars: | 2023-10-26 | by ( Richard Cowan | ) www.reuters.com time to read: +5 min

Meanwhile, House Republicans are pushing for a full plate of 12 separate funding bills to keep agencies running until Sept. 30, 2024, the end of the fiscal year. This rare feat requires close negotiation between the narrowly Republican-controlled House and the Senate, which has a two-vote Democratic majority. But the fiscal warfare between the Senate and conservative House Republicans that has raged since January is unlikely to end soon. Significant changes by Congress to Biden's request for aid to Ukraine and more money for border security were anticipated. Republicans attack Biden's border security spending, saying it falls far short in shutting down illegal border crossings and the flow of drugs such as fentanyl.

Persons: Kevin Wurm, Mike Johnson, Joe Biden, Johnson, Kevin McCarthy, John Kennedy, Chuck Schumer, Schumer, Tom Cole, Cole, Nanette Diaz Barragan, Joe Manchin, Manchin, Kennedy, Richard Cowan, Scott Malone, Richard Chang Organizations: U.S, Capitol, REUTERS, Rights, House, Republicans, Congress, Democratic, Republican, Senate, Biden, federal Social Security, House Republicans, Congressional, Thomson Locations: Washington , U.S, Israel, Ukraine, U.S, Mexico, Washington, Taiwan, West Virginia

The U.S. strikes reflect the Biden administration's determination to maintain a delicate balance. According to the Pentagon, there have been at least 12 attacks on U.S. bases and personnel in Iraq and four in Syria since Oct. 17. According to the Pentagon, all the U.S. personnel hurt in the militant attacks received minor injuries and all returned to duty. Such retaliation and strikes against Iranian targets in Syria after similar attacks on U.S. bases are routine. In March, for example, the U.S. struck sites in Syria used by groups affiliated with Iran’s Revolutionary Guard after an Iranian-linked attack killed a U.S. contractor and wounded seven other Americans in northeast Syria.

Persons: Pat Ryder, Asad, Tanf Garrison, Lloyd Austin, Joe Biden, Austin, won’t, Ryder, ”, Israel Organizations: WASHINGTON, Revolutionary Guard Corps, Pentagon, U.S, Hamas, Air Force, Hamasa, Iran’s Revolutionary Guard, Udeid, Base, Islamic, Patriot, Area Defense, Fort Liberty, Patriots Locations: Syria, U.S, Iraq, Asad Airbase, Iranian, United States, Gaza, Israel, Ahli, Tel Aviv, America, American, Qatar, Deir el, ., Fort Bliss , Texas, Fort, North Carolina, Fort Sill, Oklahoma, East

☆ Russia's Black Sea Fleet is now facing attacks from underwater Ukrainian sabotage forces, a local governor says
▼ + stars: | 2023-10-24 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +2 min

Russia's Black Sea Fleet has been facing apparent attacks from underwater Ukrainian sabotage forces. A local governor said was the fleet was "repelling a possible attack by underwater sabotage forces and enemy assets," TASS reported. The Black Sea Fleet has recently been hammered by a series of major attacks by Ukrainian forces. AdvertisementAdvertisementRussia's Black Sea Fleet has been facing apparent attacks from underwater Ukrainian sabotage forces as Moscow's war with Kyiv grinds on, according to a local governor. The Black Sea Fleet has recently been hammered by a series of major attacks by Ukrainian forces, including missile strikes on its headquarters.

Persons: —, Mikhail Razvozhaev, Vladimir Putin's, hasn't Organizations: TASS, Fleet, Service, Kyiv grinds, Black, Russian, UK's Ministry of Defence, Sea Fleet, for Locations: Ukrainian, Sevastopol, Crimean, Ukraine, Crimea, Washington, DC

☆ Qantas scraps plan to buy Alliance Aviation amid regulatory hurdle
▼ + stars: | 2023-10-18 | by ( Rishav Chatterjee | ) www.reuters.com time to read: +2 min

Qantas Airways QF100 flight, which marks the airline's 100th birthday, departs from Sydney Airport to fly over Sydney Harbour in Australia, November 16, 2020. Qantas shares fell 2.7% to A$4.7 in early trade, whereas Alliance shed around 1%. He added that Qantas is dealing with a brand crisis, a part of which is tied to perceptions that the company acts anti-competitively. Qantas is not the only airline that is aiming to expand charter service offerings with smaller peer Regional Express Holdings (REX.AX) buying charter operator National Jet Express in July 2022. ($1 = 1.5785 Australian dollars)Reporting by Rishav Chatterjee in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

Persons: Gregg Porteous, Tim Waterer, Kyle Rodda, Rishav Chatterjee, Shailesh Organizations: Qantas Airways QF100, Sydney Airport, Sydney Harbour, Handout, REUTERS, Qantas, Qantas Airways, Aviation Services, Australian Competition, Consumer Commission, Alliance, KCM Trade, Capital.com, Regional Express Holdings, National Jet Express, Thomson Locations: Australia, Bengaluru

☆ Saudi is wild card in Middle East’s new turmoil
▼ + stars: | 2023-10-18 | by ( George Hay | ) www.reuters.com time to read: +8 min

Saudi Crown Prince Mohammed bin Salman attends the 18th consultative meeting of the leaders of the GCC & the Gulf summit with the central Asian countries C5, in Jeddah, Saudi Arabia, July 19, 2023. Saudi Press Agency/Handout via REUTERS Acquire Licensing RightsLONDON, Oct 18 (Reuters Breakingviews) - Mohammed bin Salman is the wild card in the Middle East’s new conflict. Saudi Arabia also needs prices above $85 a barrel in order to balance its budget. Saudi Arabia also needs to consider the views of international investors, though. For now, Saudi Arabia can count on the support of global bankers and fund managers.

Persons: Prince Mohammed bin Salman, Mohammed bin Salman, Joe Biden, Benjamin Netanyahu, Israel’s, Biden, Netanyahu, International Energy Agency reckons, Jamal Khashoggi, nix, Larry Fink, JPMorgan’s, Jamie Dimon, Israel, Antony Blinken, Jordan, ” Blinken, ”, “, Hossein Amirabdollahian, Al Jazeera, Peter Thal Larsen, Oliver Taslic Organizations: GCC, Saudi Press Agency, Handout, REUTERS Acquire, Reuters, Hamas, Israel . U.S, MbS, United, Gaza, International Energy Agency, Reuters Graphics Reuters, Saudi, kingdom’s Public Investment Fund, U.S, PGA, Foreign Investment, Telefonica, STC, BlackRock’s, Future Investment, United States, Diplomats, don’t, Palestinian, Israeli, United Arab, Iran’s, Thomson Locations: Saudi, Jeddah, Saudi Arabia, Israel, Iran, Palestinian, Israel ., United States, Gaza, OPEC, Russia, Saudi Aramco, Riyadh, Palestine, United, Amman, Jordan, Bahrain, Qatar, United Arab Emirates, Egypt, Lebanon, America

☆ Businessman Noboa to face economic, security hurdles as Ecuador president
▼ + stars: | 2023-10-16 | by ( Alexandra Valencia | ) www.reuters.com time to read: +4 min

"We do not anticipate the Noboa administration will be in the position to carry out deep structural reforms." Noboa is set to take office in December and complete the current administration's term through May 2025. Noboa will need to ensure some quick security wins during his first 90 days in office to appease social and political pressures, JPMorgan added. Noboa, Ecuador's youngest president in recent history, would be able to run again in the regularly scheduled 2025 contest. Noboa made a special point to woo young people, with some supporters touting his victory as a fresh start for the country's politics.

Persons: Daniel Noboa, Noboa, Luisa Gonzalez, Rafael Correa, Ecuadorean, Goldman Sachs, Fernando Villavicencio, Alvaro, Guillermo Lasso, Lasso, Alexandra Valencia, Rodrigo Campos, Julia Symmes Cobb, Gerry Doyle, Jonathan Oatis Organizations: Wall Street, JPMorgan, El, National Democratic Action, Thomson Locations: QUITO, American, Ecuador, Quito, Ecuador's

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