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What’s at Stake in Today’s Elections
  + stars: | 2023-11-07 | by ( Matthew Cullen | ) www.nytimes.com   time to read: +1 min
And even though we’re in what political analysts call an off-year — with neither a presidential election nor midterm congressional elections — a steady stream of voters still showed up at polling stations. Two governorships are at stake in competitive races in typically Republican southern states. In Ohio, voters will decide whether to enshrine the right to abortion in the state’s Constitution and whether to legalize marijuana for recreational use. Today’s elections, which also include all 140 Virginia legislative contests and a race to fill a Pennsylvania Supreme Court seat, will probably be dissected for hints about 2024. The results may determine whether Democrats find some reassurances about their approach to key issues like abortion, which has been a bright spot for their party.
Persons: Andy Beshear, Brandon Presley, Elvis Presley Organizations: Gov, Democrat, Pennsylvania Supreme Locations: U.S, In Kentucky, Mississippi, Ohio, state’s, Virginia, Pennsylvania
Voters in Ohio will decide on enshrining abortion rights in the state constitution, as well as legalizing recreational marijuana use. Will voters in Ohio back abortion rights? Even in deeply Republican states like Kansas, voters have overwhelmingly supported abortion access. Beyond abortion, the most watched initiative will be, again, in Ohio, where voters will decide whether cannabis should be legalized for recreational use. If voters agree, Ohio would become the 24th state to legalize marijuana.
Persons: Biden’s, Donald J, Trump, Biden, Glenn Youngkin, Youngkin, Daniel Cameron, Andy Beshear, Steve Beshear, Beshear, Roe, Wade, Frank LaRose, Thomas E, Dobbs, Jackson, Tate Reeves, Brandon Presley, Presley’s, Brett Favre, Reeves, I’ve, Mr, Presley, Elvis Presley, Elizabeth Warren of Organizations: New York Times, Democratic, Republican, State Senate, Republicans, , Supreme, Affordable, Mississippi Public Service Commission, Texans, Liberal Locations: Ohio, Ohio , Kentucky, Virginia , Mississippi, Siena, Virginia, Kentucky, Richmond, Kansas, Mississippi, Dobbs v, Nettleton, Elizabeth Warren of Massachusetts
Here is what to watch:Abortion access vs. Biden’s unpopularity in Virginia and Kentucky. All 140 seats in Virginia’s General Assembly are on the ballot Tuesday, with the Democratic-leaning state’s relatively popular Republican governor, Glenn Youngkin, hoping to capture the State Senate and secure total Republican control of Richmond. That feat would propel Mr. Youngkin’s national ambitions. But Democrats are running on abortion rights, warning that G.O.P. control would end abortion access in the last state in the Southeast.
Persons: Biden’s, Donald J, Trump, Biden, Glenn Youngkin Organizations: New York Times, Democratic, Republican, State Senate Locations: Ohio , Kentucky, Virginia , Mississippi, Siena, Virginia, Kentucky, Richmond
Sam Bankman-Fried appears at federal court in New York on Oct. 4, 2023, in this courtroom sketch. Zoom In Icon Arrows pointing outwards Prosecutors are relying heavily on text messages sent among FTX and Alameda Research executives in the case against Sam Bankman-Fried. In a direct appeal to Bankman-Fried, Singh wrote on Nov. 6, 2022, "one thing that'd seriously help me is if I didn't have debts." Zoom In Icon Arrows pointing outwards Prosecutors are relying heavily on text messages sent among FTX and Alameda Research executives in the case against Sam Bankman-Fried. Zoom In Icon Arrows pointing outwards Prosecutors are relying heavily on text messages sent among FTX and Alameda Research executives in the case against Sam Bankman-Fried.
Persons: Sam Bankman, Fried, Claudia Johnson, Caroline Ellison, Gary Wang, Nishad Singh, Ryan Salame, Damian Williams, Yuki Iwamura, Ellison, Bankman, Joe Bankman, Ramnik Arora, Ryne Miller, Constance Wang, Singh, Wang, reassurances, FTX, Changpeng Zhao, he'd, Um, Sam, Binance, Zhao, it's, Sam Trabucco, Ben Xie, Michael Lewis, Lewis, Adam Yedidia, Yedidia, chares, SDNY Singh, Gabe, Salame, Michael Sadowsky, Sadowsky, FTX's, Dawn Giel Organizations: Alameda Research, Stanford, Bloomberg, Getty, Massachusetts Institute of Technology, alameda, Prime Trust Bank Locations: New York, Alameda, Manhattan, U.S, FTX, Sequoia, Alameda's, Bahamas
Rep. Steve Scalise, the GOP nominee to the next speaker of the House, has a rare blood cancer. "I guess it's the elephant in the room," said Rep. Tim Burchett of Tennessee, who supports Scalise's speakership bid. Scalise was diagnosed in August with multiple myeloma, a form of cancer that's treatable but not curable, and is currently undergoing chemotherapy. "I will admit it's a concern," said Rep. Keith Self of Texas, who's among the Republicans who have yet to support Scalise. Burchett also suggested that Greene was getting more attention for her remark about Scalise's cancer because she's a woman.
Persons: Steve Scalise, Marjorie Taylor Greene, Scalise, , Tim Burchett, Scalise's, Andy Ogles, Greg Murphy of, Murphy, Russ Fulcher, David Schweikert, Greene, Kevin McCarthy, Jim Jordan of, Trump —, Jordan —, Steve, Trump, Louisiana Republican —, it's, Tom Tiffany of Wisconsin, Jordan, Keith Self, Bob Good, I've, Fulcher, who's, McCarthy, James, Burchett, she's Organizations: GOP, Trump, Service, Louisiana Republican, House Republicans, Scalise, Fox News Locations: Louisiana, Tennessee, Georgia, Greg Murphy of North Carolina, Russ Fulcher of Idaho, Arizona, Jim Jordan of Ohio, Texas, Virginia, chemo
An Israeli army self-propelled howitzer fires rounds near the border with Gaza in southern Israel on Oct. 11, 2023. Israel's border communities have since been evacuated and the military said Tuesday it had regained control of the Gaza-Israel border, through which Hamas had launched its surprise offensive. Former Israeli Prime Minister Ehud Barak told CNBC's "Squawk Box" Wednesday that Israeli ground forces would take over the Gaza Strip in a matter of days. Israeli soldiers gather near Armoured Personnel Carriers (APCs) near Israel's border with Lebanon, northern Israel, October 9, 2023. For now, however, a cease-fire looks nigh-on impossible, with the conflict likely about to enter a "hot" phase of active operations on the ground.
Persons: Yahya Hassouna, it's, Yossi Mekelberg, Israel, Jack Guez, Benjamin Netanyahu, Yoav Gallant, Eden Guez, Violeta Santos Moura, William F, Wechsler, Al, Ehud Barak, CNBC's, Barak, Mekelberg, Ammar Awad, Israel —, Antony Blinken, Netanyahu, we're, Sean Gallup, Jonathan Panikoff Organizations: AFP, Getty, Hamas, North Africa, Chatham House, CNBC, Getty Images Hamas, Israeli, Israel Defense Forces, Reuters, Reuters Analysts, Rafik Hariri Center and Middle, Atlantic Council, Carriers, Tel Aviv Thursday, Security Initiative, State Locations: Gaza City, Israel, Palestinian, Gaza, East, Chatham, Lebanon, Israeli, Ashkelon, Rafik, Al Qaeda, Syria, Iran, Israel's, Iranian, Russia, Saudi Arabia, Riyadh, Western, U.S, Berlin, Jerusalem, China, State, Palestine
"Assets were not fine, because FTX did not have enough assets for customer withdrawals." On Friday, Wang testified that on Nov. 6, 2022, FTX executive Nishad Singh knocked on his door and told him customers were trying to withdraw their money faster than FTX could process the transactions. He said no other FTX users had those special privileges, which the exchange did not disclose to its investors or customers. After FTX declared bankruptcy on Nov. 11, 2022, Wang testified that at Bankman-Fried's direction, he turned over some remaining FTX customer assets to the Bahamas, where FTX was based. Wang said Bankman-Fried said liquidators and regulators there were more amenable to letting him stay in charge of FTX.
Persons: Sam Bankman, Fried, Nicolas Roos, Gary Wang, Jane Rosenberg, FTX, Wang, FTX's, Nishad Singh, CoinDesk, Bankman, WANG, District Judge Lewis Kaplan, Christian Everdell, Caroline Ellison, Alameda's, Mark Cohen, Sam, Jody Godoy, Luc Cohen, David Gregorio, Nick Zieminski, Matthew Lewis Organizations: U.S, Federal Court, REUTERS, Alameda Research, Washington , D.C, District, Bankman, Thomson Locations: FTX, New York City, U.S, Manhattan, Washington ,, Alameda, Bahamas, Fried, United States, New York
Iowa Democrats will now begin mail ballot registration on Nov. 1 and hold an in-person caucus - along with Republicans - on January 15. The results for the Democratic race will be released on March 5, on Super Tuesday. THE TAKEThe compromise honors Iowa's traditional role while ceding influence to more diverse states like South Carolina and Michigan. But President Joe Biden earlier this year replaced Iowa with South Carolina, a state with significantly more Black voters, and one that saved his 2020 presidential campaign. South Carolina will be followed by New Hampshire and Nevada one week later, and then by primaries in Georgia and Michigan.
Persons: Joe Biden, Brian Snyder, Iowa's, Biden, Rita Hart, Jarrett Renshaw, Heather Timmons, Angus MacSwan Organizations: U.S, Democratic U.S, REUTERS, Rights, LOUIS, Democratic, Iowa Democrats, Republicans, Democrats, New, Democratic National Committee, Black, South, Democratic Party, . New Hampshire Democrats, Iowa Democratic Party, Thomson Locations: Des Moines , Iowa, U.S, New Hampshire, South Carolina, Michigan, Iowa, Granite State, Nevada, Georgia, ., IOWA
Yedidia insisted on immunity to testify because he was worried he may have facilitated a crime. AdvertisementAdvertisementBefore Adam Yedidia could testify against Sam Bankman-Fried at the FTX cofounder's criminal trial, he needed reassurances. AdvertisementAdvertisementThis courtroom sketch shows Adam Yedidia, former FTX and Alameda Research employee and former friend of Sam Bankman-Fried, testifying, Wednesday, Oct. 4, 2023. In 2017, he worked at Alameda Research for two months as a trader before leaving to pursue a PhD. Yedidia said he lived in a $35 million penthouse apartment in the Bahamas, which he said Alameda Research purchased at Bankman-Fried's direction.
Persons: Sam Bankman, Adam Yedidia, Yedidia, , Fried, Elizabeth Williams, Lewis Kaplan, who's, Caroline Ellison, Gary Wang, Prosecutors, Wang, Yedida Organizations: Service, Prosecutors, Alameda Research, AP, MIT Locations: Alameda, Manhattan, FTX, Bankman, Bahamas
In the first trial, Bankman-Fried faces seven criminal counts related to the collapse of the crypto empire he built, including wire fraud, securities fraud and money laundering. Alameda, FTX and a host of subsidiaries Bankman-Fried founded filed for bankruptcy protection in Delaware. FTX's own terms of use specifically forbade him, or Alameda, from using customer money for anything — unless the customer allowed it. And from FTX's inception, there was a lot of customer money. Bankman-Fried and other executives admitted to each other that "FTX customer funds were irrevocably lost because Alameda had appropriated them."
Persons: Sam Bankman, Fried, Caroline Ellison, Gary Wang, Ellison, FTX, Wang, Judge Lewis Kaplan, Samuel Bankman, MacKenzie Sigalos, San Francisco —, SBF, Wang —, Nishad Singh —, Goldman Sachs, Binance, Damian Williams, Rehypothecation, , Crypto, Solana, Zhao, he'd, Cromwell, John J, Ray, John Ray's, — CNBC's Rohan Goswami Organizations: Alameda Research, Southern, of, Stanford, MIT, U.S, New York Times, Bankman, That's, CNBC, Jane, Capital, University of California, Formula, Democratic, Twitter, Securities Exchange Commission, SEC, Futures Trading, United States Attorney's Office, CFTC, Alameda, Alameda didn't, Voyager, BlockFi, FTX, Industry, Investors, Zhao, Publicly, Sullivan, Enron Locations: Bahamas, Manhattan, New York, Alameda, of New York, FTX, Brooklyn , New York, San Francisco, South Korea, Alameda , California, Fried's Alameda, Berkeley, Miami, Washington, Delaware, California, Federal, Solana, Fried
KYIV (Reuters) - Ukrainian President Volodymyr Zelenskiy said in a speech released on Sunday that nothing would weaken his country's fight against Russia, a day after the U.S. Congress passed a stopgap funding bill that omitted aid to Ukraine. Defense Minister Rustem Umerov said separately he had received reassurances about further military assistance in a telephone call with U.S. Defense Secretary Lloyd Austin. Zelenskiy, in a recorded speech marking the Defenders Day holiday, did not address the vote in Congress directly, but reiterated his determination to fight to victory. "As we draw closer to it every day, we say, 'We will fight for as long as it takes.'" (Reporting by Elaine Monaghan in Washington, Pavlo Polityuk in Kyiv, and Maria Starkova in Lviv; Editing by Emelia Sithole-Matarise)
Persons: Volodymyr Zelenskiy, Rustem Umerov, Lloyd Austin, Austin, Joe Biden, Oleg Nikolenko, Elaine Monaghan, Pavlo Polityuk, Maria Starkova, Emelia Sithole Organizations: Russia, U.S, Congress, Ukraine . Defense, U.S . Defense, Republicans, Foreign, Facebook, U.S . Congress Locations: Ukraine, Ukrainian, U.S, Washington, Kyiv, Lviv
Ukraine's President Volodymyr Zelenskiy visits the Memory Wall of Fallen Defenders of Ukraine, amid Russia's attack on Ukraine, during Defenders of Ukraine Day commemoration in Kyiv, Ukraine October 1, 2023. Ukrainian Presidential Press Service/Handout via REUTERS Acquire Licensing RightsKYIV, Oct 1 (Reuters) - Ukrainian President Volodymyr Zelenskiy said in a speech released on Sunday that nothing would weaken his country's fight against Russia, a day after the U.S. Congress passed a stopgap funding bill that omitted aid to Ukraine. Zelenskiy, in a recorded speech marking the Defenders Day holiday, did not address the vote in Congress directly, but reiterated his determination to fight to victory. "As we draw closer to it every day, we say, 'We will fight for as long as it takes.'" "Support for Ukraine remains unwaveringly strong in the U.S. administration, in both parties and chambers of the U.S. Congress, and most importantly, among the American people," he wrote.
Persons: Volodymyr Zelenskiy, Rustem Umerov, Lloyd Austin, Austin, Joe Biden, Oleg Nikolenko, Elaine Monaghan, Pavlo Polityuk, Maria Starkova, Emelia Sithole Organizations: Defenders, Presidential Press Service, REUTERS Acquire, Rights, Russia, U.S, Congress, Ukraine . Defense, U.S . Defense, Republicans, Foreign, Facebook, U.S . Congress, Thomson Locations: Ukraine, Kyiv, Ukrainian, U.S, Washington, Lviv
Pablo Beltran, head of leftist guerrilla group National Liberation Army (ELN), speaks with members of the media in Caracas, Venezuela January 21, 2023. It would also appear to undermine repeated reassurances by ELN leaders that the group is united behind talks. The three security sources said some 2,300 of the ELN's total 5,850 members were seen as likely to reject the deal. The ELN talks, which restarted in November 2022, are the most advanced of Petro's peace efforts, which also include conversations with crime gangs like the Clan del Golfo. "We don't deny the risks that could come from a dialogue that doesn't acknowledge that reality," Rueda said, but added that orders from national ELN leaders are respected by fighters.
Persons: Pablo Beltran, Leonardo Fernandez Viloria, Gustavo Petro, holdouts, they're, Antonio Garcia, Danilo Rueda, Rueda, Ariel Avila, Avila, Luis Jaime Acosta, Julia Symmes Cobb, Daniel Wallis Organizations: National Liberation Army, REUTERS, Rights, Colombia's National Liberation Army, Revolutionary Armed Forces, Northeastern Fronts, Reuters, Green Alliance, Thomson Locations: Caracas, Venezuela, Rights BOGOTA, Colombia, Eastern
JPMorgan had handled some Russian grain export payments for a few months with reassurances from Washington. However, that cooperation stopped in early August, said Russia's Foreign Ministry, after Moscow quit the Black Sea grain deal in July. UNDERMINING U.N. EFFORTSU.N. Secretary-General Antonio Guterres told the Security Council on Wednesday that Russia's bombardment was undermining U.N. efforts to help facilitate Russian food and fertilizer exports. To convince Russia to agree to the Black Sea deal, U.N. officials agreed to help Russian exports reach global markets. "It has led many of those whose goodwill is needed, notably in the private sector, to question whether there is any real interest in re-joining the Black Sea Initiative."
Persons: Morgan, Sarah Meyssonnier, Moscow, James O'Brien, , O'Brien, Antonio Guterres, Guterres, Sergei Lavrov, Daphne Psaledakis, Humeyra Pamuk, Michelle Nichols, Michael Perry Organizations: JPMorgan, REUTERS, Washington, State Department, Reuters, Wednesday, Foreign Ministry, State Department's Office, United Nations, Security, Black Sea Initiative, United, Russia's, Russian Foreign Ministry, Guterres, Thomson Locations: Paris, France, U.S, Moscow, Ukraine, Washington, Russia, New York, United Nations, Turkey, United
A pedestrian carrying an umbrella walks near the Bank of England in the City of London, Britain, July 30, 2023. Investors had already rushed on Wednesday to reel in their bets on further UK rate rises after data showed UK inflation cooled surprisingly quickly in August. Against the euro , the pound was down 0.5% at 86.74 pence, having traded around 86.70 pence before the decision. "The MPC still refers to its flexibility to react should things change, but the chances are this could be the peak in this UK interest rate cycle." "However, there is a risk that the ‘lag effect’ on interest rate hikes means that today’s decision may not be felt for another 9 to 12 months."
Persons: Hollie Adams, Sterling, THOMAS, Huw Pill's, HUGH GIMBER, PHILIP SHAW, DOUGLAS GRANT, JEREMY BATSTONE, CARR, RAYMOND JAMES, FRANCES HAQUE, JOE TUCKEY, RICHARD GARLAND, GILES COGHLAN, BoE, stagflation, Amanda Cooper, Dhara Organizations: Bank of England, City of, REUTERS, London, Investors, Bank of, Bank, MPC, SANTANDER, LONDON, Core CPI, PMI, CPI, EMEA, Thomson Locations: City, City of London, Britain, London, MANX, EUROPEAN, FRANCE, GROUP, OXFORDSHIRE
US President Joe Biden is embraced by Hawaii Governor Josh Green (C) after delivering remarks as he visits an area devastated by wildfires in Lahaina, Hawaii on August 21, 2023. Rebuilding hasn't even started after a deadly wildfire destroyed the historic town of Lahaina, Hawaii, last month, but residents are already angry and frustrated with recent moves by Gov. Now, they say, that pattern could be repeated with the aid of an emergency proclamation signed by Green that could erode their hard-won rights, despite his reassurances that rebuilding would reflect the needs of Maui residents. "It is a real slap in the face when we still have to deal with the aftermath of this fire." Green reinstated the water rules last week, but residents are wary that future proclamations could jeopardize their efforts to restore Maui's streams and wetlands.
Persons: Joe Biden, Josh Green, hasn't, Green, Kekai Keahi, Makana McClellan, we've, McClellan, We're, Hōkūao Pellegrino, Nani Medeiros, I've, Medeiros, Marti Townsend, Townsend, Glenn Tremble, Manuel, Ed Wendt, David Henkin, Pellegrino Organizations: Hawaii, Gov, Maui Land Co, West Maui Land Co, American Civil Liberties Union, Sierra Club, Earthjustice Locations: Lahaina , Hawaii, Maui, Lahaina, Hawaii, Honolulu
Reuters GraphicsThe broader STOXX 600 (.STOXX) is up by 7% this year, meaning retailers are outperforming by the most on record. The snag is that this stellar run has been partly built on investors unwinding bearish bets, or short positions, on retail stocks, after last year's pessimism proved overdone. This means retail stocks might not see as many willing buyers as earlier this year. Jones expects retail stocks to fall in the second half of the year. JPMorgan downgraded the grocery retail sector this month and flagged the prospect of price declines going into 2024.
Persons: Inditex, unwinding, Benjamin Jones, Jones, Florian Ielpo, Ielpo, WH Smith, Alexandre Bompard, LSEG, Joice Alves, Amanda Cooper, Tomasz Janowski Organizations: Reuters, Macro, Multi, Management, Carrefour, JPMorgan, Deutsche Bank, Thomson Locations: Zara, bullish, LSEG, Britain
Governor Kathy Hochul of New York has announced that the state will send high-quality masks and rapid tests to school districts that request them. But in interviews, experts offered reassurances that the country will not see a return to the nightmarish scenarios of previous years. And although hospitalizations and deaths are increasing week by week, the numbers remain low, noted Gigi Gronvall, a biosecurity expert at the Johns Hopkins Center for Health Security. Hospital admissions for Covid increased by about 16 percent in the week ending Aug. 26, compared with the previous week. But the 17,400 new admissions were less than half the number in the same period last year, and about one-fifth the number in 2021.
Persons: Jill Biden, Kathy Hochul, Gigi Gronvall, Gronvall Organizations: Johns Hopkins Center for Health Security Locations: New York, Kentucky, Texas
At the same time, investigators acknowledged that it's possible not all of the remains of victims from the August 8th fire on Maui will ever be found. "The number of family members who are coming in to provide DNA samples is a lot lower than they've seen in other disasters," he said. Martin said he could not explain why people seemed less willing to provide DNA samples - so far 104 had been collected. The wildfires whipped by winds tore through the beachside town of Lahaina in west Maui, killing at least 115 people, according to Maui County officials. Reporting by Jonathan Allen in Lahaina, Hawaii, and Brad Brooks in Longmont, Colorado; Editing by Michael PerryOur Standards: The Thomson Reuters Trust Principles.
Persons: Kevin Lamarque, Andrew Martin, Martin, John Pelletier, Pelletier, Jonathan Allen, Brad Brooks, Michael Perry Organizations: Lahaina Civic Center, REUTERS, Maui Police, Authorities, Thomson Locations: Lahaina, Maui, Hawaii, U.S, LAHAINA, Maui County, beachside, Lahaina , Hawaii, Longmont , Colorado
“The risk is very low,” Dr. Peter McElroy, chief of the malaria branch in the US Centers for Disease Control and Prevention’s Division of Parasitic Diseases and Malaria, told CNN. In an effort to limit its impact in the southeastern US during World War II, particularly around military training bases, the US created the Office of Malaria Control in War Areas in 1942. The April 1945 edition of the Malaria Control in War Areas field bulletin. Malaria was eliminated in the United States in 1951, but modern mosquito control is mostly managed locally. Oxitec also says it’s working on applying the approach to anopheles mosquitoes for malaria control as well.
Persons: , Janneth Rodrigues, Rodrigues, tsuruhatensis, National Institutes of Health’s Dr, Carolina, Dr, Peter McElroy ,, haven’t, McElroy, Wade Brennan, Chandan Khanna, , ” McElroy, Daniel Markowski, ” Markowski, They’re, Markowski, Mury, Sanjay Gupta, Aedes, Oxitec, “ We’ve Organizations: CNN, GSK, Malaria, National Institutes of Health’s, of Malaria, Vector Research, National Institute of Allergy, US Centers for Disease Control, Prevention’s, Sarasota County Mosquito Management, of Malaria Control, CDC, American Mosquito Control Association, Public Health Service, National Library of Medicine, Getty, , CNN Health, Google Locations: Tres Cantos, Madrid, Burkina Faso, Africa, United States, Sarasota, Sarasota , Florida, Atlanta, Sarasota County , Florida, Palm Beach County , Florida, Florida, New Jersey
Turkish-flagged bulker TQ Samsun, carrying grain under UN's Black Sea Grain Initiative, is pictured in the Black Sea, north of Bosphorus Strait, off Istanbul, Turkey July 17, 2023. REUTERS/Yoruk Isik/File PhotoUNITED NATIONS, Aug 4 (Reuters) - Russia said on Friday that U.S. bank JPMorgan (JPM.N) had this week stopped processing payments for the Russian Agricultural Bank as Moscow demanded action, not promises, from Washington to help Russian grain and fertilizer reach global markets. Under a related pact - also brokered in July 2022 - U.N. officials agreed to help facilitate Russian food and fertilizer exports. As a workaround to that demand, JPMorgan had been processing some Russian grain export payments with reassurances from Washington. Russia may export at least 55 million tonnes of grain in the 2023/24 marketing season, slightly less than the estimated record-breaking 57 million tonnes in the 2022/23 season, Russia's Grain Union said last month.
Persons: Yoruk, Dmitry Peskov, Antony Blinken, Maria Zakharova, James O'Brien, O'Brien, Michelle Nichols, Daphne Psaledakis, Simon Lewis, Jane Merriman Organizations: REUTERS, UNITED NATIONS, JPMorgan, Russian Agricultural Bank, SWIFT, European Union, United Nations, U.S . State Department, Russia's, Ministry, Thomson Locations: Samsun, Bosphorus, Istanbul, Turkey, Russia, Moscow, Washington, Ukraine
Russia last month quit the July 2022 deal brokered by the United Nations and Turkey aimed at easing a global food crisis after Russia's invasion of Ukraine five months earlier. PRICING PRESSURESBlinken told reporters that Russia's exports of food have exceeded levels prior to its invasion of Ukraine. The United Nations has argued that the Black Sea deal helped everyone because it brought prices down 23% from a record high in the weeks following Russia's invasion of Ukraine. After Moscow quit the deal, it began targeting Ukrainian ports and grain infrastructure on the Black Sea and Danube River, sending global grain prices soaring. Moscow has said it may resurrect the Black Sea agreement if its demands to improve its own exports of grain and fertilizer are met.
Persons: Mehmet Bey, Mehmet Emin Calsikan, Antony Blinken, we'll, Blinken, Russia's, Dmitry Polyanskiy, Polyanskiy, Moscow, Vladimir Putin, Michelle Nichols, Daphne Psaledakis, Humeyra Pamuk, Katharine Jackson, Jonathan Oatis, Susan Heavey Organizations: REUTERS, UNITED NATIONS, United, United Nations, Security, Russia, JPMorgan, The United Nations, European, Reuters, Thomson Locations: Yenikapi, Istanbul, Turkey, United States, Russia, United Nations, Ukraine, Moscow, Washington, Africa, Asia, America
Risk factors usually flag uncertainties in how Chinese laws are interpreted and enforced as well as the government's "substantial oversight and influence" over businesses. Chinese regulators want those boilerplate disclosures dropped; if not, offshore listing applications could be denied approval. Trying to appease both American and Chinese regulators will get tougher. On Friday, Chinese regulators held a rare meeting with KKR (KKR.N), Blackstone (BX.N), Carlyle (CG.O) and others to ensure they can continue to invest in the country. China's new offshore listing rules came into effect on March 31.
Persons: Didi Global, underwriters Goldman Sachs, Morgan Stanley, JPMorgan Chase, Carlyle, Una Galani, Thomas Shum Organizations: Reuters, Global, U.S . Securities, Exchange Commission, underwriters, JPMorgan, KKR, Blackstone, Bloomberg, Communist Party, China Securities Regulatory Commission, SEC, Thomson Locations: HONG KONG, Beijing, Hong Kong, United States, New York, China
Russia's February 2022 invasion and blockade of Ukraine's Black Sea ports sent global grain prices soaring. The United Nations has argued that the arrangement has benefited those states by helping lower food prices more than 20% globally. Russia has agreed three times in the past year to extend the Black Sea deal, but also briefly suspended its participation at the end of October in response to a drone attack on its fleet in Crimea. To convince Russia to agree to the Black Sea deal, a three-year deal was also struck in July 2022 under which U.N. officials agreed to help Russia get its food and fertilizer exports to foreign markets. U.N. Secretary-General Antonio Guterres made a final effort on Tuesday to convince Russian President Vladimir Putin to extend the Black Sea grain deal for several months in exchange for the EU connecting a subsidiary of Rosselkhozbank to SWIFT for grain and fertilizer transactions, sources said.
Persons: Russia's, Sergei Lavrov, James, Antonio Guterres, Vladimir Putin, Guterres, Putin, Michelle Nichols, Will Dunham Organizations: UNITED NATIONS, United, United Nations, . Security, British, Food, Russian Agricultural Bank, SWIFT, European Union, EU, JPMorgan Chase &, reassurances, U.S ., The United Nations, African Export, Import Bank, Reuters, Thomson Locations: Ukraine, Russia, United Nations, Turkey, Ukraine's, Britain, Afghanistan, Sudan, Djibouti, Ethiopia, Kenya, Somalia, Yemen, Asia, Western Europe, Africa, Eastern Europe, Crimea, Moscow, SWIFT, Rosselkhozbank
Armenia says the proposed peace treaty should provide special rights for them and guarantee their security. As a matter of priority, violence and harsh rhetoric should stop in order to provide the proper environment for peace and normalisation talks," Michel said. He told reporters: "The population on the ground needs reassurances, first and foremost regarding their rights and security." Besides the EU, the United States has also been pushing the sides to reach a peace deal. This could be followed up with a Moscow summit to sign a peace treaty, the Foreign Ministry said in a statement.
Persons: Charles Michel, Ilham Aliyev, Nikol Pashinyan, Jeyhun Bayramov, normalisation, Michel, Aliyev, Pashinyan, Nailia Bagirova, Philip Blenkinsop, Mark Trevelyan, Frances Kerry Organizations: European Union, EU, Armenian, Azberbaijani, Reuters, Foreign Ministry, Thomson Locations: BRUSSELS, Azerbaijan, Armenia, Russia, Brussels, Soviet Union, Nagorno, Karabakh, United States, Ukraine, Moscow
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