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☆ French Farming Protests Could Target Paris, Union Chief Says
▼ + stars: | 2024-01-24 | by ( Jan. | At A.M. | ) www.usnews.com time to read: 1 min

PARIS (Reuters) - Protests by French farmers demanding better working and living conditions could intensify and road blockades could target Paris, the head of the country's biggest farming union said on Wednesday. "I am not ruling out any option," Arnaud Rousseau, the head of the FNSEA farming union, said when asked by France 2 TV if the protests could disrupt the Paris region. The protests, heading into a second week after spilling over from neighbouring countries such as Germany, come as campaigning for European Union elections gathers pace. The protests have blocked many important transport networks in southern France this week, and there have been signs that they are spreading. (Reporting by Sudip Kar-Gupta; Editing by Benoit Van Overstraeten and Andrew Heavens)

Persons: Arnaud Rousseau, Gabriel Attal, Sudip Kar, Benoit Van Overstraeten, Andrew Heavens Organizations: PARIS, European Union Locations: Paris, France, Germany

☆ Iran Strikes Jihadist Group in Pakistan as Middle East Conflicts Spread
▼ + stars: | 2024-01-17 | by ( Saeed Shah | Benoit Faucon | ) www.wsj.com time to read: 1 min

Gen. Hossein Salami, commander in chief of Iran’s Islamic Revolutionary Guard Corps, in Tehran last month. Photo: abedin taherkenareh/ShutterstockISLAMABAD—Iran hit a jihadist group in Pakistan with a missile and drone strike Tuesday, according to Iranian state media, as a series of conflicts continue to spread across the Middle East in the wake of Israel’s war in Gaza. The target of the unusual attack inside Pakistan was a militant group, Jaish al-Adl, in Pakistan’s remote western province of Balochistan, which has a long border with Iran. Islamabad condemned the attack, which it said had killed two children and injured three more.

Persons: Hossein, abedin, al Organizations: Islamic Revolutionary Guard Corps, Adl Locations: Tehran, Shutterstock ISLAMABAD, Iran, Pakistan, Gaza, Balochistan, Islamabad

☆ Shell Suspends Red Sea Shipments Amid Fears of More Houthi Attacks
▼ + stars: | 2024-01-16 | by ( Benoit Faucon | Jenny Strasburg | ) www.wsj.com time to read: 1 min

Wael Sawan, Shell’s chief executive, says in an interview with WSJ’s Jenny Strasburg at Davos that the company’s decision today to suspend shipping in the Red Sea is affecting costs. British oil major Shell suspended all shipments through the Red Sea after U.S. and U.K. strikes on Yemen’s Houthi rebels triggered fears of further escalation, according to people familiar with the decision. The West’s targeting of the Iranian-ally militia came after the Houthis launched dozens of missiles and drones at commercial vessels around the Red Sea and the nearby Bab el-Mandeb. The militia has said the attacks are in response to an Israeli offensive in the Gaza Strip.

Persons: Wael Sawan, WSJ’s Jenny Strasburg, Yemen’s, Bab Organizations: Shell Locations: Davos, Bab el, Gaza

☆ Houthis Turn Their Sights on U.S. Ships, Vow to Keep Attacking Red Sea Targets
▼ + stars: | 2024-01-15 | by ( Benoit Faucon | Costas Paris | ) www.wsj.com time to read: 1 min

WSJ explains how the weapons systems on guided-missile destroyers like the USS Carney are warding off missile and drone attacks on Israeli and American troops. Photo Illustration: MacKenzie CoffmanFresh attacks targeted American ships in the Middle East, days after the U.S. led a round of strikes meant to diminish the capability of Houthi rebels to hit ships transiting the Red Sea. A Houthi missile struck the Gibraltar Eagle, a U.S. bulk carrier, off the coast of Yemen without causing injury or significant damage on Monday, said the U.S. Central Command, which oversees U.S. military operations in the Middle East. Eagle Bulk Shipping , the ship’s U.S. owner, didn’t immediately respond to a request for comment.

Persons: Carney, MacKenzie Coffman, didn’t Organizations: U.S, U.S . Central Command, Eagle Bulk Shipping Locations: Gibraltar, U.S, Yemen, East

☆ U.S. Intercepts Cruise Missile Attack on Its Warship in Red Sea
▼ + stars: | 2024-01-15 | by ( Benoit Faucon | Costas Paris | ) www.wsj.com time to read: 1 min

Houthi fighters and tribesmen staged a demonstration near San’a on Sunday over the U.S.-led strikes last week. Photo: Associated PressThe U.S. military said its forces shot down a cruise missile fired from Houthi rebel areas toward an American Navy destroyer in the Red Sea, days after the U.S. led air and naval strikes against the Iran-backed militants in Yemen. The Houthis, who haven’t commented on the Sunday afternoon launch, have vowed to continue their campaign against U.S. and international targets in the region in response to Israel’s actions in Gaza, despite last week’s U.S.-led strikes against dozens of Houthi targets that were designed to prevent further attacks.

Persons: haven’t Organizations: Press, American Navy, U.S Locations: San’a, U.S, Red, Iran, Yemen, Gaza

When JPMorgan Chase bought First Republic Bank in May, all eyes were on its CEO, Jamie Dimon. Here’s how the executive’s strategy for managing risk propelled him to the top of the banking world. Photo illustration: John McColganAmerican consumers and businesses remained on surprisingly solid financial footing last year, propelling earnings for the biggest banks yet again. JPMorgan Chase said it made $50 billion in 2023, a record, as many firms reported fourth-quarter and full-year results Friday. JPMorgan, Bank of America , Wells Fargo and Citigroup together earned $104 billion in 2023, up 11% from a year earlier.

Persons: JPMorgan Chase, Jamie Dimon, John Organizations: JPMorgan, First Republic Bank, Bank of America, Citigroup Locations: Wells Fargo

☆ Roberto ‘Pico’ Lopes: He ignored a Linkedin message once, but not the second time. When he responded his life changed forever
▼ + stars: | 2024-01-12 | by ( Alasdair Howorth | ) edition.cnn.com time to read: +9 min

I just thought it was a welcome message … so I ignored it.”Fortunately for Lopes, Cape Verde head coach time Rui Águas messaged the Shamrock Rovers defender again nine months later – this time in English – asking if he had considered his offer. Roberto Lopes, who plays for Cape Verde, was born and raised in Dublin. French forward Just Fontaine (L) scores in France's World Cup 5-2 semifinal defeat to Brazil in 1958. France’s captain at the first ever World Cup in 1930 was Algerian-born Alexandre Villaplane. But having recently reversed that policy, the Taifa Stars will have a number of players born outside the continent in its squad for the 2024 tournament.

Persons: CNN —, Roberto “ Pico ” Lopes, Lopes, “, ” Lopes, Rui Águas, Roberto Lopes, Ulrik Pedersen, Mohamed Salah, Lopes won’t, Alexandre Villaplane, Fontaine, Eusébio, Samuel Eto’o, Bryan Mbeumo, Yoane Wissa, ” Wissa, Darren Lewis, Benoît Assou, Ekotto, Ryan Byrne, ”, ‘, ’, Abdoulaye Doucouré, Wilfred Zaha, Les, Patrice Beaumelle, I’ve, I’m, ” Carlos ‘ Caluccha ’ Lopes, Roberto’s, Roberto, “ It’s, he’s, hasn’t Organizations: CNN, Shamrock Rovers, Cape, CNN Sport, Africa, of Nations, LinkedIn, AP, Google, Blue Sharks, Rovers, Professional, Association of Ireland’s, body’s, AFP, Getty, France, UEFA, Benfica, English Premier League, Cameroon soccer, Brentford, Ireland, Democratic, Former Cameroon, Tottenham Hotspur, Lions, League of Ireland Premier Division, Everton, Mali, Ivorian national team, Galatasaray, Cape Verde Locations: Dublin, Republic of Ireland, Cape Verde, Lopes , Cape Verde, Ireland, Egypt, Cape Verde’s, Ghana, Mozambique, Brazil, Africa, Algerian, French, Marrakech, Morocco, Mozambican, Angolan, Portuguese, Portugal, Algeria, Tanzania, Cameroon, Europe, Democratic Republic of Congo, DRC, France, Poland, you’re, Ivory Coast, Cape Verdean, Verdean

☆ Meta was our second-best stock performer last year. Here's what we see in store for 2024
▼ + stars: | 2024-01-05 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Meta Platforms ' savvy use of artificial intelligence and untapped potential in business messaging are reasons why we see more upside ahead for the stock in 2024. The stock nearly tripled last year and was the second-best performing Club stock behind Nvidia . Here's a timeline of Meta's stock performance around earnings in 2023. Outside of AI, Meta continues to grow its successful business messaging across its services. Given that TikTok's Chinese owner ByteDance is facing backlash from U.S. officials, a potential TikTok ban in the U.S. would be a major catalyst for Meta stock.

Persons: Meta, Mark Zuckerberg, Zuckerberg, Jim Cramer, We're, ByteDance, Jim Cramer's, Jim, Benoit Tessier Organizations: Nvidia, Meta, Facebook, UBS, Hamas, Reality Labs, Meta's, Apple, CNBC, Inc, Viva Technology, Porte de Locations: U.S, Porte, Paris

PLAQUEMINES PARISH, La.— Michael Sabel and his partner, both industry novices, have made a fortune virtually overnight by building from scratch one of the world’s largest gas exporters. They have also made some powerful enemies. Here at this sprawling facility spanning about 630 acres in the wetlands outside New Orleans, Sabel said his company, Venture Global LNG , is on pace to leapfrog competitors and rival Qatar as one of the world’s top exporters of liquefied natural gas by 2030.

Persons: — Michael Sabel, Sabel Organizations: Venture Global, Qatar Locations: PLAQUEMINES, La, New Orleans

☆ Sanofi CEO under pressure to woo investors after spending shock
▼ + stars: | 2023-12-05 | by ( Ludwig Burger | ) www.reuters.com time to read: +5 min

[1/2] Paul Hudson, chief executive officer of Sanofi, speaks during the annual results news conference at the company's headquarters in Paris, France, February 4, 2022. The market's shock reaction, compounded by a lack of details of the spending push, overshadowed Sanofi's plan to list its consumer unit, in line with an industry trend. David Song, a portfolio manager and investment partner at Tema ETF, said: "The narrative of Sanofi has been a margin expansion, earnings-driven story for a lot of investors." "Shouldn't investors give credit to managements who care about long-term shareholder value creation?," said Song. ($1 = 0.9206 euros)Reporting by Ludwig Burger; Editing by Josephine Mason and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

Persons: Paul Hudson, Sanofi, Benoit Tessier, Hudson, Dan Lyons, Janus Henderson, Markus Manns, David Song, Fabian Wenner, Julius Baer, Union's Manns, Janus Henderson's Lyons, Johnson, Song, Ludwig Burger, Josephine Mason, Emelia Organizations: REUTERS, Reuters, Janus Henderson Investors, Germany's Union Investment, Tema, Thomson Locations: Paris, France, British, Hudson, Denver, Swiss, Tema

☆ Israel, Hamas Engage in Some of Fiercest Fighting of War
▼ + stars: | 2023-12-04 | by ( Benoit Faucon | Dov Lieber | ) www.wsj.com time to read: 1 min

TEL AVIV—Israeli troops and Hamas fighters were engaged Monday in some of the toughest fighting of the two-month-old war, as Israel looks to decisively finish its operations in and around Gaza City and prepare to move its offensive south. The Israeli military has essentially cornered Hamas fighters in two of their last strongholds in the northern Gaza Strip—the Shajaiya neighborhood of Gaza City and the city of Jabalia, immediately to the north.

Locations: TEL AVIV, Israel, Gaza City, Gaza, Jabalia

BEITUNIA, West Bank—After more than a year of detention, Azhar Assaf has finally returned to her home in the occupied West Bank. Although she doesn’t consider herself to be political, she says she owes her freedom to Hamas. Assaf and other freed prisoners, many of whom have been held without trial, are attributing their release to Hamas, with some openly praising the group. That is helping to boost Hamas’s public image among Palestinians amid a war with Israel that has left more than 15,000 dead in Gaza, mostly women and children, according to authorities in the enclave. The numbers don’t distinguish between militants and civilians.

Persons: Azhar Assaf, doesn’t, Assaf Organizations: West Bank —, West Bank Locations: Israel, Gaza

☆ OPEC+ Agrees to Significant Oil-Production Cut
▼ + stars: | 2023-11-30 | by ( Summer Said | Benoit Faucon | ) www.wsj.com time to read: 1 min

The headquarters of the Organization of the Petroleum Exporting Countries in Vienna. Photo: Andrey Rudakov/Bloomberg NewsOPEC+ agreed to a significant production cut of another million barrels a day, delegates said, in a move that will likely send prices higher amid the continuing conflict in the Middle East. As part of the deal reached Thursday, Saudi Arabia also agreed to extend its cut of 1 million barrels a day that it announced in June.

Persons: Andrey Rudakov Organizations: Organization of, Petroleum, Bloomberg, OPEC Locations: Vienna, Saudi Arabia

Occidental Petroleum Chief Executive Vicki Hollub cut jobs and slashed spending after the company’s last major purchase in 2019. Photo: Nick Oxford/Bloomberg NewsOccidental Petroleum is in talks to buy CrownRock, a major energy producer in the west Texas area of the Permian basin, continuing a frenzy of deal making in the oil patch. A deal for the closely held company, which could be valued well above $10 billion including debt, could come together soon assuming the talks don’t fall apart or another suitor doesn’t prevail, according to people familiar with the matter.

Persons: Vicki Hollub, Nick Oxford, doesn’t Organizations: Occidental Petroleum, Bloomberg News Occidental Petroleum Locations: Texas

☆ OPEC+ Mulls New Oil Production Cuts Amid Middle East Conflict
▼ + stars: | 2023-11-29 | by ( Benoit Faucon | Summer Said | ) www.wsj.com time to read: 1 min

Any extra cuts, if approved, would likely draw a rebuke from the U.S. Photo: henry chirinos/ShutterstockOPEC and its Russia-led allies are considering new oil production cuts of as much as 1 million barrels a day, delegates said Wednesday, despite tensions in oil markets amid the conflict in the Middle East. The move, which would likely send oil prices higher, could be announced Thursday at a virtual meeting of the cartel. The meeting, originally scheduled for last week, was postponed over disagreements about production.

Persons: henry chirinos Organizations: U.S, OPEC Locations: Russia

☆ Turkey Expects to Ratify Sweden Accession to NATO 'Within Weeks', Swedish Minister Says
▼ + stars: | 2023-11-29 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +1 min

BRUSSELS (Reuters) - Turkey has said it expects to ratify Sweden's long-delayed accession to NATO within weeks, Sweden's foreign minister told journalists on Wednesday. But Tayyip Erdogan, president of NATO member Turkey, raised objections over what he said was the countries' protection of groups that Ankara deems terrorists. Some in the Western defence bloc had hoped Sweden's ratification would be completed by now for an accession ceremony to take place on the sidelines of the Brussels meeting. "The Turkish foreign minister (Hakan Fidan) didn't present a date but said 'within weeks'. He expected the ratification of Sweden's NATO protocol to be made within weeks.

Persons: Tayyip Erdogan, Finland's, Tobias Billstrom, Hakan Fidan, Billstrom, Ingrid Melander, Benoit Van Overstraeten, Andrew Heavens Organizations: NATO, Kurdistan Workers, European Union Locations: BRUSSELS, Turkey, Sweden, Finland, Ukraine, Ankara, United States, Stockholm, Brussels, Turkish

☆ Salesforce raises annual profit view on steady cloud demand
▼ + stars: | 2023-11-29 | by ( Zaheer Kachwala | ) www.reuters.com time to read: +2 min

REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsNov 29 (Reuters) - Salesforce (CRM.N) raised its annual profit forecast and its third-quarter results beat Wall Street targets on Wednesday, benefiting from a strong demand for its cloud and business products in an uncertain economy. Salesforce expects fourth-quarter adjusted profit in the range of $2.25 to $2.26 per share compared with estimates of $2.17. It forecast revenue between $9.18 billion and $9.23 billion, the midpoint of which exceeded estimates of $9.21 billion, according to LSEG data. The company's third-quarter revenue of $8.72 billion narrowly beat expectations, while adjusted profit of $2.11 per share beat estimates by 5 cents. It also raised the lower end of its annual revenue forecast to $34.75 to $34.8 billion.

Persons: Porte, Benoit Tessier, Salesforce, Charlie Miner, Einstein, Slack, Zaheer Kachwala, Arun Koyyur Organizations: Viva Technology, Porte de, REUTERS, Wall, Thomson Locations: Paris, France, Bengaluru

☆ Turkey expects to ratify Sweden accession to NATO 'within weeks', Swedish minister says
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +2 min

Turkish Foreign Minister Hakan Fidan speaks with Swedish Foreign Minister Tobias Billstrom ahead of the NATO Foreign Ministers meeting at NATO Headquarters in Brussels, Belgium, November 28, 2023. SAUL LOEB/Pool via REUTERS/ File Photo Acquire Licensing RightsBRUSSELS, Nov 29 (Reuters) - Turkey has said it expects to ratify Sweden's long-delayed accession to NATO within weeks, Sweden's foreign minister told journalists on Wednesday. Some in the Western defence bloc had hoped Sweden's ratification would be completed by now for an accession ceremony to take place on the sidelines of the Brussels meeting. "The Turkish foreign minister (Hakan Fidan) didn't present a date but said 'within weeks'. He expected the ratification of Sweden's NATO protocol to be made within weeks.

Persons: Hakan Fidan, Tobias Billstrom, SAUL LOEB, Tayyip Erdogan, Finland's, Billstrom, Ingrid Melander, Benoit Van Overstraeten, Andrew Heavens Organizations: Turkish, Swedish, NATO, NATO Headquarters, Rights, Kurdistan Workers, European Union, Thomson Locations: Brussels, Belgium, Rights BRUSSELS, Turkey, Sweden, Finland, Ukraine, Ankara, United States, Stockholm, Turkish

A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. Anticipation of easing U.S. borrowing costs and a possible U.S. spot bitcoin exchange-traded fund have lifted crypto prices since the summer, with market bitcoin gaining by about half since the end of August. Ether , the layer 1 token linked to the Ethereum blockchain on which most layer 2 tokens are based, has leapt 13.8% to $2,028.80 in the past month. They are often among the last ones to catch a bid when broader crypto market rises and among the first ones to sell off when sentiment is shaken. Numerous projects and their tokens were launched as the crypto market boomed in 2020, before sinking during the crypto winter of 2022.

Persons: Benoit Tessier, It's, Matteo Greco, Joshua Peck, Peck, Alyse Killeen, Fineqia International's, Lisa Mattackal, Medha Singh, Tom Wilson Organizations: La Maison du, REUTERS, Fineqia, Reuters, Thomson Locations: La, Paris, France, U.S, Stillmark, Bengaluru

REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsNov 27 (Reuters) - Former Binance chief Changpeng Zhao must stay in the United States for the time being, a federal judge said on Monday, after the founder of the world's largest cryptocurrency exchange pleaded guilty to violating U.S. anti-money laundering laws. U.S. District Judge Richard Jones in Seattle said he would review whether Zhao should have to stay in the United States after the U.S. government appealed a decision by another judge allowing Zhao to return to the UAE before his Feb. 23 sentencing hearing. Last week, Zhao conceded: "I made mistakes, and I must take responsibility." The government had said it may be unable to secure Zhao's return to the United States given it has no extradition treaty with the UAE. Lawyers for Zhao disputed that he was a potential flight risk, noting that he paid a "substantial" bail package and voluntarily came to the United States to accept responsibility for his actions.

Persons: Zhao Changpeng, Binance, Benoit Tessier, Changpeng Zhao, Zhao, Richard Jones, Chris Prentice, Hannah Lang, Michelle Price, Bill Berkrot Organizations: Viva Technology, Porte de, REUTERS, United Arab, District, U.S, UAE, Binance Holdings, Justice, Lawyers, Thomson Locations: Porte, Paris, France, United States, Seattle, United Arab Emirates, Canada, Binance, New York, Washington

☆ Netherlands to allow takeover of chip startup Nowi by Chinese-owned Nexperia
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

AMSTERDAM, Nov 27 (Reuters) - The Dutch government on Monday said that, after an assessment, it won't block Chinese-owned Nexperia's acquisition of Delft-based start-up Nowi. "There are no legal objections to the acquisition of Nowi by Nexperia," Economic Affairs Minister Micky Adriaansens said in a letter to parliament. Nexperia, owned by China's Wingtech (600745.SS), bought Nowi, which has around 40 employees, for an undisclosed sum in 2022. But the Dutch government decided to vet the deal retroactively in May 2023 after it established a new office to review foreign takeovers of potentially sensitive technologies. Reporting by Charlotte Van Campenhout and Benoit Van Overstraeten; Editing by Jan Harvey and Mark PorterOur Standards: The Thomson Reuters Trust Principles.

Persons: Micky Adriaansens, China's Wingtech, Charlotte Van Campenhout, Benoit Van Overstraeten, Jan Harvey, Mark Porter Organizations: Economic, Thomson Locations: AMSTERDAM, Delft

☆ Why Stamping Out Crypto Bros Could Help Bitcoin
▼ + stars: | 2023-11-24 | by ( Jon Sindreu | ) www.wsj.com time to read: 1 min

Changpeng Zhao, founder and CEO of Binance, has pleaded guilty to money-laundering violations. PHOTO: REUTERS/Benoit TessierSuch is the wackiness of the crypto world that a regulatory crackdown might actually revive investor optimism. Earlier this week, Binance Chief Executive Changpeng Zhao pleaded guilty to money-laundering violations and agreed to pay a criminal fine of $50 million. Then, his company will pay $4.3 billion to, among other things, settle civil allegations related to sanctions evasion.

Persons: Changpeng Zhao, Benoit Tessier Organizations: Binance

Zhao's lawyers in a Thursday filing asked U.S. District Judge Richard Jones in Seattle not to reverse bail conditions set by a magistrate judge on Tuesday that would allow him to leave the U.S. while awaiting sentencing. Zhao, a citizen of the UAE and Canada, stepped down as CEO of Binance on Tuesday after pleading guilty to willfully causing the global cryptocurrency exchange to fail to maintain an effective anti-money laundering program. Allowing Zhao to return to the UAE would allow him to take care of his partner and three children and prepare them for his sentencing, defense lawyers argued. The Justice Department did not respond to a request for comment on Friday. Reporting by Nate Raymond in Boston; Editing by Alexia Garamfalvi and Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Zhao Changpeng, Binance, Benoit Tessier, Changpeng Zhao, Richard Jones, Zhao, Jones, Brian Tsuchida, Nate Raymond, Alexia Garamfalvi, Marguerita Choy Organizations: Viva Technology, Porte de, REUTERS, United Arab Emirates, U.S, District, Islamic, U.S . Commodity Futures Trading Commission, Justice, Thomson Locations: Porte, Paris, France, Seattle, U.S, UAE, Canada, Binance, al Qaeda, Islamic State, Iraq, Syria, Boston

☆ U.N.-led talks weigh goal to reduce aviation emissions thorough less-polluting fuels
▼ + stars: | 2023-11-24 | by ( Allison Lampert | ) www.reuters.com time to read: +2 min

A TotalEnergies tanker truck with sustainable aviation fuel (SAF) is pictured during the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 19, 2023. ICAO's third Conference on Aviation and Alternative Fuels (CAAF) runs this week ahead of the COP28 U.N. climate summit in Dubai, which starts on Nov. 30. CAAF delegates from more than 100 countries are debating ways to boost supply of sustainable aviation fuel (SAF) made from materials like used cooking oil. SAF is key to lowering emissions from aviation, but remains costly and in short supply. Making access to financing more readily available to developing countries, another conference goal, is needed to bolster SAF production outside of the United States and Europe.

Persons: Benoit Tessier, Haldane Dodd, CAAF, Francis Mwangi, Mwangi, Allison Lampert, Jonathan Oatis Organizations: Paris, REUTERS, United Nations, International Civil Aviation Organization, Aviation, Alternative Fuels, SAF, Air Transport Action, Kenya's Civil Aviation Authority, Thomson Locations: Le Bourget, Paris, France, Dubai, United States, Europe, Mombasa, Kenya, Montreal

Zhao's lawyers in a Thursday filing asked U.S. District Judge Richard Jones in Seattle not to reverse bail conditions set by a magistrate judge on Tuesday that would allow him to leave the U.S. while awaiting sentencing. Zhao, a citizen of the UAE and Canada, stepped down as CEO of Binance on Tuesday after pleading guilty to willfully causing the global cryptocurrency exchange to fail to maintain an effective anti-money laundering program. Allowing Zhao to return to the UAE would allow him to take care of his partner and three children and prepare them for his sentencing, defense lawyers argued. The Justice Department did not respond to a request for comment on Friday. Reporting by Nate Raymond in Boston, Editing by Alexia Garamfalvi and Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

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