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☆ Saudi Arabia looking to China for a lifeline for its futuristic city could mean trouble for the US
▼ + stars: | 2024-06-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at how Saudi Arabia is courting Chinese investors for help with its massive, futuristic city facing financial issues. NeomSaudi Arabia's dreams of a futuristic city are turning into a financial nightmare, and one of its solutions could spell trouble for the US. Since 2017, the Kingdom has touted big plans for the desert megacity Neom . AdvertisementThe city plans to heavily use renewable energy, a key area of focus for China as it digs itself out of its economic hole . But a soft real estate market and a trail of angry business partners and customers are threatening to thwart his big plans .

Persons: —, Prince Mohammed bin Salman's, Neom's, hasn't, Tom Porter, Prince, Aaron Weiner's, Weiner, Justin Sullivan, it's, they'd, Tyler Le, Giovanna Ventola, Michael Shvo, Shvo, Tesla, Jose Uribe, Sen, Bob Menendez, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith, Amanda Yen Organizations: Service, UEFA, Business, Neom, US, International Monetary Fund, Bank of America, Apple, Apple Intelligence, OpenAI, Amazon, Bonnaroo Music, Arts Festival, Post Malone Locations: Saudi Arabia, Neom, Saudi, Kingdom, China, Gaza, New York, London

☆ Abortion: Trump walks fine line but allies and activists have big plans for a second term
▼ + stars: | 2024-06-14 | by ( Phil Mattingly | Andrew Seger | ) edition.cnn.com time to read: +16 min

“I believe he’ll be a pro-life president in the future also.”Many senior Trump administration alumni and allies are now mapping out and drafting policy options for a second Trump term. A second Trump term would also put back in place and expand restrictions on Title X grants – federal funds for public and nonprofit groups that provide family planning. Resurrecting these actions in a second Trump would almost entirely be up to the discretion of whomever he appoints to lead the relevant federal agencies. With Roe v. Wade’s protections erased, anti-abortion activists would like a second Trump administration to push harder than it did before – especially in restricting access to mifepristone. Abortion rights advocates worry he could play an outsize role shaping abortion restrictions in a potential second Trump administration.

Persons: Donald Trump’s, Ronald Reagan, ”, Roe, Wade, Dobbs, Trump, ” Trump, “, Trump –, Joe Biden’s, Kellyanne Conway, ’ ”, Mary Ziegler, Davis, Roger Severino, Trump’s, Reagan, Biden, ” Julie Lewis, Ziegler, David S, Cohen, Comstock, Skye Perryman, ” Mark Lee Dickson, Donald J, ” Dickson, “ He’s, Jonathan Mitchell, Mitchell Organizations: CNN, Trump, New, Capitol, “ Republicans, Democratic, Republican, Fox, Heritage Foundation, Biden’s, Department, University of California, Trump Health, Human Services, HHS, Food and Drug Administration, DOJ, UC Davis, Food, FDA, ” Drexel University, White, Justice Department, Democracy, Department of Justice, Cities, mifepristone, Time Locations: New York, Florida, Arizona, Mexico, Texas, America, United States, Colorado

☆ Elon Musk says Donald Trump calls him up out of the blue
▼ + stars: | 2024-06-14 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +1 min

Elon Musk says former President Donald Trump sometimes calls him up out of the blue. The apparent Musk-Trump phone calls are in line with a burgeoning chumminess between the two men. AdvertisementElon Musk may be influencing Donald Trump's stance on electric vehicles during random phone calls between the Tesla CEO and former president. Musk suggested as much during Tesla's annual shareholder meeting on Thursday after investors voted to reinstate his multibillion-dollar pay package. During a question-and-answer segment of the meeting, Musk was asked about the 2024 Republican presumptive nominee.

Persons: Elon Musk, Donald Trump, —, Elon, Donald Trump's, Musk Organizations: Trump, Service, Business

☆ Stock splits are back in fashion. Here's why, and which companies could be next
▼ + stars: | 2024-06-14 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Stock splits, long out of favor, are making a comeback. Notable stock splits in 2024(when distributed)Walmart 3-1 2/23/24Cooper Companies 4-1 2/16/24Texas Pacific Land 3-1 3/27/24Old Dominion Freight Line 2-1 3/27/24Nvidia 10-1 6/7/24Amphenol 2-1 6/11/24Chipotle Mexican Grill 50-1 6/25/24Broadcom 10-1 7/12/24Williams-Sonoma 2-1 7/8/24Cintas 4-1 9/11/24Sony Group 5-1 10/8/24Lam Research 10-1 10/3/24Why the comeback in stock splits? Stock splits are far less common now than 20 or 30 years ago. During the tech and internet bubble of the late 1990s, stock splits were common. By the mid-2000s, roughly 5% of the Russell 1000 members split their stock each year, and after the great financial crisis from 2008-2009, stock splits practically ceased.

Persons: Williams, David Kostin, Goldman Sachs, Russell, Chipotle Organizations: New York Stock Exchange, Stock, Walmart, Sonoma, Broadcom, Cooper, Pacific, Dominion Freight, Sony, Institutional, Nvidia, Risk, Financial Management, Lam Research, Booking Holdings, Costco, Micro, Spotify Locations: Williams, Sonoma

☆ Stocks making the biggest moves midday: Adobe, RH, Hasbro and more
▼ + stars: | 2024-06-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Adobe — The software stock surged 14% on stronger-than-expected quarterly results. Adobe posted adjusted earnings of $4.48 per share on $5.31 billion in revenue and boosted its full-year guidance. JPMorgan also upgraded shares to overweight from neutral. Hasbro — The toymaker's shares jumped 4.8% on the back of an upgrade from Bank of America to buy from neutral. Dell Technologies — The PC maker fell more than 1% after CEO Michael Dell disclosed the sale of 5.7 million shares.

Persons: RH, LSEG, Zscaler, Keith Gill, Stellantis, Michael Dell, —, Alex Harring, Michelle Fox, Pia Singh Organizations: Adobe, JPMorgan, Wall, Hasbro, Bank of America, Zero Trust Network Security, Boeing — Boeing, Federal Aviation Administration, Airbus, New York Times, GameStop, Dell Technologies Locations: Bank, U.S

☆ The Woman Who Could Smell Parkinson’s
▼ + stars: | 2024-06-14 | by ( Scott Sayare | ) www.nytimes.com time to read: +1 min

Joy’s had always been an unusually sensitive nose, the inheritance, she believes, of her maternal line. Les only learned of Joy’s peculiar nose well after their relationship began, on a trip to the Scandinavian far north. Joy would not stop going on about the creamy odor of the tundra, or what she insisted was the aroma of the cold itself. Faced with the prospect of tending to his mother alone, however, Les begged her to stay in Scotland. He trained as a doctor, she as a nurse; they married during his residency.

Persons: Joy’s, Joy, quizzing, Les, anesthesiologist Organizations: General Hospital Locations: Paris, Rome, Scotland, Macclesfield, Manchester, England

☆ US Open: Exasperated Scottie Scheffler tosses and slams clubs but squeezes into weekend as Ludvig Aberg edges ahead
▼ + stars: | 2024-06-14 | by ( Jack Bantock | ) edition.cnn.com time to read: +6 min

2 across its 117-year history, but on Friday the North Carolina course received perhaps its greatest appraisal yet: it made Scottie Scheffler look human. 1’s unflappable brilliance finally buckled during the second round of the 124th US Open on Friday. Today I just couldn’t get the putts to fall,” Scheffler told reporters after his round. “That pissed me off,” Schauffele, who shot one-under 69 to climb into a share of ninth at one-under overall, told reporters. “As far as my last Open Championship or US Open Championship, I don’t know what that is.

Persons: Scottie Scheffler, Scheffler’s, ” Scheffler, I’ll, Scheffler, Scheffler muttered, Gregory Shamus, Xander Schauffele, ” Schauffele, Aberg, Sweden’s Ludvig Aberg, “, I’ve, ” Belgium’s Thomas Detry, Bryson DeChambeau, Patrick Cantlay, Rory McIlroy –, George Walker IV, Viktor Hovland, Max Homa, Tiger Woods, Woods, CNN’s Patrick Snell, ” Woods, Snell, I’m, ” Organizations: CNN, 124th, Masters, PGA Locations: Pinehurst, Carolina, Pinehurst’s, Scotland

☆ MLB umpire Pat Hoberg disciplined for violating gambling rules
▼ + stars: | 2024-06-14 | by ( Ken Rosenthal | Evan Drellich | ) www.nytimes.com time to read: +5 min

Major League Baseball said Friday night it has disciplined umpire Pat Hoberg for violating the league’s gambling rules, and that he is being held out of games during this season while an appeal is considered. Multiple players have been punished for gambling violations, including Tucupita Marcano, who got a lifetime ban for betting on baseball. Now, an umpire has been punished, with Hoberg becoming the only known umpire in recent history to have been disciplined for a matter related to gambling. “During this year’s Spring Training, Major League Baseball commenced an investigation regarding a potential violation of MLB’s sports betting policies by Umpire Pat Hoberg,” MLB said in a statement. AdvertisementThe most severe is that anyone found to have gambled on a baseball game they are directly tied to — “any baseball game in connection with which the bettor has a duty to perform,” as the rules formally put it — is to be banned permanently from the game.

Persons: Pat Hoberg, Tucupita Marcano, Shohei, Ippei Mizuhara, Hoberg, Glen Caplin, “, ” Hoberg, “ Mr, Rob Manfred, David Fletcher, Mizuhara, Tim Donaghy, Steph Chambers Organizations: Major League Baseball, MLB, ESPN, Major League Baseball Umpires, Hoberg, North, Supreme, Baseball Locations: U.S

I believe it is profoundly wrong, in difficult times like these, to campaign using a precious forum like the G7,” Meloni told reporters Thursday. Italian Prime Minister Giorgia Meloni welcomes US President Joe Biden to the G7 summit, June 13, 2024. The 2023 G7 communique, released after the last summit in Hiroshima, Japan, called for “access to safe and legal abortion and post abortion care.” Previous summits’ communiques had stopped short of using the word “abortion,” calling instead for access to sexual and reproductive health services. The spat between Meloni and Macron comes after France in March became the world’s first country to enshrine abortion rights in its constitution, the culmination of an effort which began in direct response to the US Supreme Court’s decision to roll back abortion rights in America. The same sensibility is not shared in your country today,” Macron told an Italian journalist at the summit.

Persons: Emmanuel Macron, Georgia Meloni, Macron, ” Meloni, “, ” Italy’s, ”, Giorgia Meloni, Joe Biden, Luca Bruno, communiques, Biden, Meloni, Roe, Wade, Donald Trump, Francesco Lollobrigida, Meloni’s, Pope, ” Macron Organizations: CNN, Seven, “, AP, United, Ukraine Locations: Italy, Italian, France, “ France, Puglia, Ukraine, Hiroshima, Japan, America

☆ How Tesla Shareholders Upheld Elon Musk’s Sky-High Pay
▼ + stars: | 2024-06-14 | by ( Lily Boyce | Jason Karaian | ) www.nytimes.com time to read: +5 min

How Tesla Shareholders Upheld Elon Musk’s Sky-High PayTesla shareholders on Thursday voted to reaffirm a roughly $48 billion compensation package for Elon Musk, which was originally approved in 2018 and was nullified by a judge early this year. Mr. Musk’s pay package helped him become one of the richest people in the world. Thursday’s vote arose from a court case in Delaware, where the company is incorporated, that voided Mr. Musk’s pay package. California Public Employees’ Retirement System, or CalPERS, the largest pension fund in the United States, also opposed the pay package. The debate about Mr. Musk’s compensation raised questions about the limits of executive compensation and the accountability of Silicon Valley billionaires whose wealth gives them vast influence.

Persons: Elon Musk, Elon, Kimbal, Tesla, Musk, Eli Lilly, Nvidia Berkshire Hathaway Apple Tesla, Bernstein Organizations: Tesla, Elon, Sky, The New York, Mr, Norges Bank Investment Management, California Public, Broadcom, Chase Amazon, Nvidia Berkshire, The New York Times, Silicon, SpaceX, Fortune Locations: Delaware, United States, Texas, Austin

☆ Passengers say they were stuck on grounded Qatar Airways plane for hours amid Greek heatwave
▼ + stars: | 2024-06-14 | by ( Catherine Nicholls | ) edition.cnn.com time to read: +4 min

CNN —Dozens of passengers who boarded a Qatar Airways plane in Athens, Greece on Monday expected to be on their way to their destination – Doha, Qatar – relatively quickly. Instead, they found themselves trapped inside a grounded plane for more than three hours, according to passenger Garth Collins, who posted about his experience on Instagram. In a video posted by Collins, passengers can be seen standing up from their seats and in the aisles of the plane, fanning themselves and fellow passengers with paper. Zeiher told 7News that she received “zero information” from Qatar Airways, so she decided to rebook her onward flight to Australia through Emirates. According to flight tracking website Flightradar24, flight QR204 was supposed to leave Athens International Airport at 1:55 p.m. local time.

Persons: Garth Collins, Collins, Michael Mosley, Jennie Zeiher, Joe, Zeiher, ‘, ” Zeiher, ”, 7News, QR204 Organizations: CNN, Qatar Airways, –, Athens International Airport, 7News, Doha’s Hamad International Airport, Athens International Locations: Athens, Greece, – Doha, Qatar, British, Symi, ATH, Doha, Melbourne, Australia, Emirates, DOH

☆ Here are Thursday's biggest analyst calls: Nvidia, Netflix, Broadcom, Dell, Meta, Roblox, Tesla, Boeing, Microsoft & more
▼ + stars: | 2024-06-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Bank of America reiterates Broadcom as buy Following Broadcom's earnings report, Bank of America said the company has "potential to join the trillionaires club." Morgan Stanley downgrades Corning to equal weight from overweight Morgan Stanley downgraded Corning mainly on valuation. Bank of America reiterates Dell as buy Bank of America said it sees several positive catalysts ahead for Dell. Morgan Stanley reiterates Amazon, Alphabet, Meta, Microsoft and Adobe as overweight Morgan Stanley named several tech stocks that it said are well positioned for AI. " Morgan Stanley reiterates Colgate-Palmolive as a top pick Morgan Stanley said it sees a "pet inflection on the horizon" for Colgate.

Persons: it's, Oppenheimer, Ulta, Jefferies, OpenAI, Bernstein, Goldman Sachs, Goldman, Morgan Stanley, Goodyear, Wolfe, Bill Brown, Morgan Stanley downgrades Corning, TD Cowen, Cowen, KeyBanc, Dell, Clark, Wells, Fortnite, Stephens, Wedbush, Tesla, Elon Musk Organizations: Deutsche Bank, Nike, Bank of America, Broadcom, Citi, Royal, TEAM, Microsoft, OpenAI, Nvidia, Starbucks, Goodyear Tire, Civitas Resources, Netflix, Media Survey, Dell, " Bank of America, underperform Bank of America, Adobe, Colgate, Palmolive, Technology, Barclays, NextEra Energy Partners, NextEra Energy, Boeing, of America Locations: Royal Caribbean, Corning, Texas

☆ Bitcoin miners at Donald Trump's closed-door event say he thinks bitcoin can help win AI arms race
▼ + stars: | 2024-06-13 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +17 min

Less than four hours after Trump's roundtable wrapped, the former president took to social media to extol the virtues of the bitcoin mining business. "Bitcoin mining may be our last line of defense against a CBDC," Trump posted shortly before midnight on Tuesday. "That's where you've got all these ancillary jobs; it's not just the bitcoin mining directly," said Cook. Enter bitcoin miners. Adding bitcoin miners to the portfolio of energy buyers has helped to improve the core economics of renewable power production.

Persons: Donald Trump, Eva Marie Uzcategui, —, New York —, Jason Les, Bitcoin, Bill Hagerty, David Bailey, Trump, Bailey, Sen, Elizabeth Warren, Les, Warren, Geoff Kendrick, bitcoin, Matthew Schultz, Jayson Browder, Brian Hughes, Biden, Harris, Andreessen Horowitz, Ron Conway, Fred Wilson, Cameron, Tyler Winklevoss, Schultz, Browder, CleanSpark, Coke, Chris Cook, Cook, There's, Amanda Fabiano, Fabiano, Marathon's Browder, We've, Exacore's Cook, you've, it's, Digital's Browder Organizations: U.S, Mar, Lago, Trump, Riot, Marathon Digital Holdings, Arkon Energy, Cholla Energy, Exacore, CNBC, Senate's Banking, Finance, China, BTC Inc, Radical Communist, Democratic, Trump —, solana, Internal Revenue Service, Libertarian National Convention, Standard Chartered, Circuits, Government Affairs, Federal Reserve, Biden, U.S . Treasury Department, Republican, NASDAQ, Fabiano Consulting Locations: Lago, West Palm Beach , Florida, New York, Palm Beach , Florida, bitcoin, China, Russia, U.S, America, Washington, San Francisco, Beijing, Marathon, United States, West Texas

☆ 5 places where you should always tip—except for in these scenarios, according to etiquette experts
▼ + stars: | 2024-06-13 | by ( Ryan Ermey | ) www.cnbc.com time to read: +5 min

"But at places like sit-down restaurants, hair salons, barber shops or getting food delivered, tipping is customary." Just 67% of adults in Bankrate's survey say they always tip at restaurants. "So if you're not tipping in those scenarios, you're really taking money out of the server's pocket." When it comes to those who cut your hair and deliver your food, you should just about always tip, etiquette experts say. In other words, if you asked for a service and out-and-out didn't receive it, you're OK reducing or withholding a tip, etiquette pros say.

Persons: they're, Ted Rossman, Thomas Farley, Mister Manners, Farley, Elaine Swann, Diane Gottsman, Gottsman Organizations: Swann School of, CNBC, Protocol, of Texas Locations: Bankrate, …

“I never loved him,” Trump said of Valadao, according to a GOP member. Trump did not shy away from acknowledging the bad blood between House Speaker Mike Johnson and GOP Rep. Marjorie Taylor Greene, who unsuccessfully tried to oust Johnson against Trump’s wishes. House Republicans voted to hold Attorney General Merrick Garland in contempt of Congress on Wednesday. In his meeting with GOP lawmakers, Trump called the Department of Justice “dirty no good bastards,” according to another source in the room. In a news conference after the meeting, House Majority Whip Tom Emmer said that the former president’s felony convictions have only energized the party that will propel them to victory in November.

Persons: Donald Trump, Taylor Swift, Nancy Pelosi, Trump, –, David Valadao, “, ” Trump, Valadao, Mike Johnson, Marjorie Taylor Greene, Johnson, Trump’s, Greene, “ He’s, ”, ’, Merrick Garland, Department of Justice “, Kevin Hern, Tom Emmer, it’s, ” Emmer, Roe, Wade, Nancy Mace, Ronald Reagan, Derrick Van Orden, Pelosi, —, popstar Taylor Swift, Joe Biden, Hannibal Lecter Organizations: CNN, House Republicans, Capitol, Republicans, GOP, Department of Justice, Food, Milwaukee, Wisconsin Republican, Milwaukee ”, Republican Locations: California, Oklahoma, New York, Ukraine, Wisconsin, Milwaukee

Seoul, South Korea CNN —The oldest member of the K-pop phenomenon BTS is spending his day hugging 1,000 fans, after finishing his mandatory military service in South Korea on Wednesday. Jin made his first public appearance at Seoul’s Jamsil Sports Complex this afternoon, where he is performing and meeting fans. Some BTS superfans – known as ARMY (Adorable Representative MC for Youth) – have journeyed from overseas to attend the BTS Festa event. “I wish to tell Jin if he comes to Thailand, can he hold a concert for seven days, because I love BTS so much,” Cheenchanya said. “BTS themselves pour out so much love – they put love into their music, into their personalities, their fans,” said Stoudnour.

Persons: Jin, –, Jin –, ” Cheenchanya, Holly Campbell, Ashley Stoudnour, ” Campbell, V, ”, ” Stoudnor, Anthony Wallace, Kim Yoon, jeong, Michelle Pedraza, They’ve, Louis Vuitton, Dior Organizations: South Korea CNN, Mim, CNN, BTS, Getty, Billboard Music Locations: Seoul, South Korea, Thailand, Melbourne, Australia, Florida, AFP, California

☆ Storms Don’t Need a Name to Wreak Havoc in South Florida
▼ + stars: | 2024-06-13 | by ( Patricia Mazzei | ) www.nytimes.com time to read: +1 min

The rhythms of South Florida’s rainy season used to be somewhat predictable, with hot, humid days leading to midafternoon thunderstorms and then clear skies. Sometimes a downpour would ruin the evening commute; sometimes it would start and end in the few minutes it took to leave your desk and walk to the car. The pounding rain came weeks after the region experienced a stretch of rainless days that were extremely hot, with the heat index last month reaching a record high of 112 degrees. Florida’s sticky, bug-ridden storm season has always been more about endurance than enjoyment, even for those who savor the relative quiet. But staggering from oppressive heat to oppressive rain has robbed residents and businesses of a sense of routine that at least made this time of year a little more manageable.

Locations: Florida

☆ After a Deluge Floods Streets, South Florida Braces for More Rain
▼ + stars: | 2024-06-13 | by ( Judson Jones | Isabella Kwai | ) www.nytimes.com time to read: 1 min

A waterlogged South Florida awoke on Thursday to a warning from forecasters that soaking showers and thunderstorms over parts of the region would raise the risk of flash flooding from late in the morning through the afternoon, following days of heavy rain that have already caused major travel disruptions and flooded roads and homes. Floridians at the southern tip of the peninsula braced for the third consecutive day of tropical downpours, as a line of storms was once again expected to stretch from the west coast to the east coast of the state. Forecasters said there was potential for higher-end rainfall totals, with four to eight inches of additional rain likely and some locations potentially receiving over 10 inches of rain on Thursday.

Locations: South Florida, Floridians

☆ I used to regularly fly on ultra-low-cost airlines to save money, but the cheap tickets aren't worth the headache anymore
▼ + stars: | 2024-06-13 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

AdvertisementPlus, I'm not convinced that Frontier and Spirit's recent addition of "premium" perks will give either a competitive edge. Frontier and Spirit offer 28 inches of pitch, while coach seats on all three mainline carriers start at 30 inches. AdvertisementAmerican Airlines, Delta Air Lines, and United Airlines recognized the budget competition years ago and created their own version of a cheap ticket: basic economy. ULCCs are not always cheaper once you do the mathIn my experience, mainline tickets are sometimes cheaper than Frontier or Spirit. Spirit has dropped all change and cancel fees, and Frontier is adding business-class-like seats to lure in more premium travelers.

Persons: —, I've, I'm, Taylor Rains, mainlines, it's, Scott Kirby, LaGuardia Organizations: Service, Spirit Airlines, Frontier Airlines, Business, American Airlines, Delta Air Lines, United Airlines, Mobile, LaGuardia Airport, Delta, Google, United, Spirit Locations: Delta, Orlando

☆ Broadcom surges to a record after earnings. 3 reasons why the stock can go even higher
▼ + stars: | 2024-06-13 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Broadcom surged more than 12% to a record high Thursday following an excellent fiscal second-quarter earnings report on Wednesday night . The other part of Broadcom's AI business is selling products like Ethernet switches that help stitch together servers inside data centers. AVGO 1Y mountain Broadcom's stock performance over the past 12 months. Tan said on the call Wednesday that customer — aka Apple — is all of Broadcom's wireless business. Wall Street estimates for Broadcom's wireless business will need to rise to reflect the increased iPhone demand we expect to see.

Persons: —, Hock Tan, Tan, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Broadcom, Nvidia, Apple, Apple Intelligence, America, VMWare, CNBC, Getty Locations: San Jose , California

☆ Saudi Arabia is seeking billions in Chinese investment for Neom. But it comes with a massive risk.
▼ + stars: | 2024-06-13 | by ( Tom Porter | ) www.businessinsider.com time to read: +7 min

Read previewAt a recent exhibition in Hong Kong, Saudi Arabia showcased its futuristic vision for its planned Neom megacity. It was part of Saudi Arabia's drive to secure billions in new investment for the project, which is the centerpiece of Saudi ruler Mohammed bin Salman's Vision 2030 strategy. China sees Saudi Arabia as not just a business opportunity but a way of undercutting the influence of its longtime Saudi ally, the US. AdvertisementIn April, Saudi Arabia's Public Investment Fund-subsidiary Alat signed a deal with Dahua Technology, one of China's most important surveillance technology firms. "The main risk today to Saudi Arabia's tech cooperation with China is the growing China-US tech war.

Persons: —, Mohammed bin Salman's, Xi Jinping, Mohammed bin Salman Al Saud, Yue Yuewei, Leonard Chan, Robert Mogielnicki, Abdullah Al, Crown Prince Mohammed, Alat, GREG BAKER, Camille Lons, Neom that's, Saudi Arabian Crown Prince Mohammed bin Salman, Saudi Arabia's, Biden Organizations: Service, Business, Saudi, Saudi Crown Prince, Getty, Hong Kong Innovative Technology Development Association, Gulf States Institute, Crown, Public Investment Fund, Dahua Technology, US, European Council, Foreign Relations, Saudi Arabian Crown, New York Times Locations: Hong Kong, Saudi Arabia, Saudi, Riyadh, Xinhua, China, Washington, Neom, Riyadh Tower, Beijing, Israel

☆ Biden leads new drive to cement the West’s Ukraine war effort against Putin – and Trump
▼ + stars: | 2024-06-13 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

Washington CNN —President Joe Biden is leading the world’s richest democracies in sending a beefed-up message to Russian President Vladimir Putin that the West will not forsake Ukraine despite political shocks casting doubts over its commitment. A flurry of new Western plans to help UkraineStill, the latest Western plans to help Ukraine send a strong message of intent. The sanctions target foreign financial firms aiding Putin’s war effort, restrict Russian access to some US software and information technology. Russian advances on the battlefieldThese are substantial and credible political, economic and political demonstrations of support for Ukraine. Not surprisingly, Zelensky has always chafed at the self-imposed limits of Western support for his war effort that are a symptom of Biden’s core aim of avoiding a direct NATO confrontation with Russia.

Persons: Joe Biden, Vladimir Putin, Biden, Volodymyr Zelensky, ” Biden, “, Donald Trump, Trump, lionizes Putin, wobbling, —, George H.W, George H.W . Bush, Janet Yellen, ” — Biden, Zelensky, ” Jake Sullivan, Wesley Clark, ” Clark, they’ve, ”, Kamala Harris, Sullivan, John Kirby, Putin Organizations: Washington CNN, Republican Party, Capitol, Republican, CNN, NATO, Big, Union, Ukraine, Trump, Biden, Air Force, Hudson Institute, Kremlin, Kyiv, West, White House National Security Council Locations: Russian, Ukraine, Italy, Normandy, Europe, United States, France, Germany, George H.W ., Russia, Britain, Japan, Canada, NATO, Washington, Kyiv, Cuba, China, Iran, Israel, Ukrainian, Switzerland

☆ Dancing by Taylor Swift fans in Edinburgh registers as seismic activity
▼ + stars: | 2024-06-13 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +9 min

John Shearer/TAS23/Getty Images Swift performs in Glendale, Arizona, during the opening weekend of "The Eras Tour" in March 2023. John Shearer/TAS23/Getty Images Fans wait in line to buy tour merchandise outside Raymond James Stadium in Tampa, Florida, in April 2023. Hector Vivas/TAS23/Getty Images Swift performs "Midnight Rain" in Edinburgh, Scotland, in June 2024. John Shearer/TAS23/Getty Images Swift sings "I Can Do It With a Broken Heart" in Paris in May 2024. John Shearer/TAS23/Getty Images In pictures: Taylor Swift's 'Eras Tour' Prev NextMonitoring stations around the city registered the activity during all three performances.

Persons: London CNN — Taylor Swift, Taylor Swift, Kevin Mazur, Swift, Natasha, Ethan Miller, John Shearer, Kevin Winter, Benjamin B, Braun, Jutharat, Phoebe Bridgers, Bridgers, Raymond James, Zack Wittman, Hector Vivas, Gareth Cattermole, Don Arnold, TAS24, Rachel Wisniewski, Terence Rushin, Haim, Jeff Kravitz, Erin Clark, Sarah Yenesel, Sabrina Carpenter, William West, Christopher Polk, Bob Levey, TAS23, Allen J, Taylor, ‘, ”, Harry Styles, Callum Harrison, we’ve Organizations: London CNN, British Geological Survey, Murrayfield, Swift City, Pittsburgh, MetLife Stadium, New York Times, Department, Lincoln Financial, Washington Post, Ticketmaster, Boston Globe, Getty, Penske Media, Los Angeles Times, Scottish Rugby Locations: Edinburgh, Scottish, East Rutherford , New Jersey, Chicago, Las Vegas, Nashville , Tennessee, Glendale , Arizona, Glendale, Swift, Los Angeles, Pittsburgh, East Rutherford, Paris, Nashville, Tampa , Florida, Mexico City, Scotland, Sydney, Philadelphia, Atlanta, Santa Clara , California, Foxborough , Massachusetts, Kansas City , Missouri, Coney, Melbourne, AFP, Lyon, France, Houston, Inglewood , California, Cincinnati, ”

☆ A couple headed to Spain on vacation was instead flown 1,500 miles away to Eastern Europe
▼ + stars: | 2024-06-13 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

AdvertisementPassengers with disabilities or reduced mobility are legally entitled to special assistance without an additional charge when flying from the UK, the US, and many other countries. "We have been away lots of times and always had special assistance, so this was nothing new to us," Victoria told the BBC. AdvertisementIn a statement sent to Business Insider, a Ryanair spokesperson said special assistance is "provided by Bristol Airport's special assistance provider — not Ryanair." "We sincerely apologise to these passengers for any inconvenience caused as a result of Bristol Airport's special assistance provider's error and have assured that they will be fully compensated by Bristol Airport," the statement concluded. AdvertisementA spokesperson for Bristol Airport told BI that the situation is being investigated, and the couple will be contacted to "direct their complaint to the correct business partner for resolution."

Persons: —, Victoria Gore, Andrew, Victoria Organizations: Service, BBC News, Ryanair, Business, Bristol Airport, Bristol Airport's, BBC, Kaunas Airport, Department of Transportation, Bristol, BI, ABM Locations: Spain, Andrew, Barcelona, Victoria, Lithuania, England, Bristol, Kaunas, Riga, Latvia

☆ Risky bet in this global hydrogen fuel cell maker could net investors 160%, says RBC
▼ + stars: | 2024-06-13 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Shares of AFC Energy , a provider of hydrogen-fueled power generation technologies, is expected to more than double over the next year, according to RBC Capital. The London-listed company, founded in 2006, makes a range of proprietary hydrogen fuel cell systems aimed at off-grid and remote power generation for construction, mining, and transportation industries. U.K. shares are generally priced in pence, with 100 pence equal to one British pound ($1.28). The 30-kilowatt generators consume hydrogen for fuel and will be available to customers in the U.K. through its joint venture with equipment hire firm Speedy Hire . The three-year deal with Speedy Hire — under its Speedy Hydrogen Solutions brand — will target U.K. and Irish construction and emergency power markets.

Persons: Erwan Kerouredan, Victoria McCulloch, Saudi Arabia's Organizations: AFC Energy, RBC Capital, RBC, AFC, Saudi, Speedy Hire Locations: London, British, United States, Germany, East, North Africa, Saudi

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