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Citi's wealth unit has seen at least 11 senior execs exit since Merrill Lynch veteran Sieg joined in September. The latest departure is David Bailin, chief investment officer for the global wealth division, who announced his departure on Monday. Sieg's mandate is to turn around the wealth business, which was barely profitable this past quarter. Sieg also plans to expand Citi's already successful wealth business in Asia. At least two other senior Asia executives have left.
Persons: Andy Sieg, Merrill Lynch, Sieg, David Bailin, Bailin, Fraser, Andy, Mark Mason, Shyam Sambamurthy, Merril Lynch, Don Plaus, Hale Behzadi, Citi David, Eduardo Martinez Campos, Keith Lee Hong, Fernando Lopez Munoz, Luigi Pigorni, Jeff Sutton, Eduardo, Seamus Yin, Hayley Cuccinello Organizations: Citi, Business, Bankers, Citi Wealth, Citi Global Wealth, North America, Eduardo Martinez Campos Head, Mark, Mark Mills Regional, Fernando Lopez Munoz Head, Jeff Sutton Global, Eduardo Ventura, West Locations: Asia, Hong Kong, Singapore, Keith Lee Hong Kong, Mark Mills, Shyam Sambamurthy South Asia, America, West China, hcuccinello@businessinsider.com
"We realized we couldn't afford the mortgage and the car payments and everything," Stonestreet told me. Americans work more, vacation less, spend more on healthcare, and die sooner than people in other high-income economies. These factors likely explain why some Americans are moving to countries that aren't generally considered low-cost-of-living locales. She said that living abroad afforded her a degree of flexibility and spontaneity that would be out of reach back home. From their temporary perch in Tirana, Albania, the couple told me via WhatsApp that their only regret about moving abroad was not doing it sooner.
Persons: Amelia Basista, Stonestreet, Basista, Maliya, I'm, Fale, scoping, Cristina Johnson, Johnson, Mariana, Dustin Lange, that's, Mariana Lange, Mark Zoril, Andrew Hallam, Zoril, hasn't, — Zoril, Tomorrow's Organizations: State Department, American Citizens, Monmouth University, Labor Statistics, Financial Technology Association, Business Locations: South America, Denver, Cuenca, Ecuador, Germany, Canada, France, Minneapolis, Latin America, America, Puerto Morelos, Mexico, Pennsylvania, Belize, States, Austin, North Carolina, Central America, Portugal, Spain, Lisbon, Europe, Tirana, Albania
Raul Rubiera | Miami Herald | Getty ImagesWhen Carolyn Lamb saw news of Cuban spy Victor Manuel Rocha's arrest on the news last December, she recognized him immediately. The lower the value of the claims, the less the Cuban government would have to pay in any future negotiated settlement. Ashby assumed Rocha's paranoia about eavesdropping was in response to the George W. Bush administration's opposition to the Cuba claims buying business. But according to the Justice Department, by that point Rocha was already in his third decade as a Cuban agent. File photo of former US ambassador to Bolivia, Manuel Rocha, talking to the press on the 11th of July 2001.
Persons: V, Manuel Rocha, Steel Hector, Davis, Raul Rubiera, Carolyn Lamb, Victor Manuel Rocha's, Rocha, Lamb, Lamb's, Castro, Justin Solomon, CNBC Castro didn't nationalize, of Rocha, Fidel Castro's, It's, Jason Poblete, Poblete, John Kavulich, Sears Roebuck, Timothy Ashby, Ashby couldn't, Ashby, George W, Bush, Little, Covert, Gonzalo Espinoza Organizations: Miami Herald, Steel, Cuban, US State Department, National Security, Cuban Telephone Company, " Beverage Company, CNBC, Pepsi, General Electric, Century Fox, Cuba Trade, Economic Council, Justice Department, Citizen, State Department, National Security Council, DOJ, Cubans, FBI, AFP, Getty Locations: America, Omaha, Bolivia, Cuba, Havana, United States, Cuban, Rocha, Columbia, Dominican Republic, Honduras, Mexico, Argentina, Miami, Chile
In 2018, a Guatemalan court ruled that the army committed acts of genocide, but no one was convicted. Lucas García, 91, was meant to face trial this year with former military intelligence chief Manuel Callejas y Callejas. Robert Nickelsberg/Archive Photos/Getty ImagesBurt said this “expression of racism is extremely profound,” and its knock-on effects are evident in Guatemala today. Survivors from the civil war gather outside the Supreme Court, prior to a hearing in the Ixil Genocide trial, in Guatemala City, Guatemala March 25, 2024. When the trial was due to start at the end of March, Lucas García’s lawyers announced their resignation.
Persons: CNN — Juan Brito López, Brito López, Manuel Benedicto Lucas García, Lucas García, Benedicto Lucas Garcia, Johan Ordonez, Lucas García’s, AJR, Fernando Romeo Lucas García, “ Lucas García, Manuel Callejas y, Callejas, Jesús Silvio, Romeo Lucas García’s, ” Jo, Marie Burt, , Robert Nickelsberg, Burt, Efrain Rios Montt, Tiziano Breda, Claudia Paz y Paz, CICIG, ” Silvio, ” Will Freeman, Cristina Chiquin, Bernardo Arévalo, Public Ministry –, Consuelo Porras ­­, hasn’t, Michelle Liang, , Brito López’s, Catarina Chel, tormenter, Silvia, ” CNN’s Tara John, Ivonne Valdés Organizations: CNN, United, Getty, Association for Justice, Reconciliation, Human, Washington Office, UN, Guatemalan Army, , Central American, International, Commission, Council, Foreign Relations, Reuters CNN, Public Ministry, US, Network, Solidarity, ” CNN Locations: Pexla, Guatemala City, United Nations, Guatemalan, Guatemala, America, , Santa Cruz de Quiche, of Guatemala, New York, Mexico City
Courtesy Port Ellen DistilleryAcross the courtyard, the new still room resembles a vast industrial greenhouse with four shiny new copper stills as its exotic plants. “It is important that we recreate that classic Port Ellen character that people love, but we also want to be doing things we’ve not done before,” says McDonald. Courtesy Port Ellen DistilleryA glimpse into that past comes in the musky surroundings of warehouse number two with a dram drawn straight from a cask filled in 1979. Port Ellen is hoping to attract upscale whisky fans to sample a by-appointment-only Atlas of Smoke Experience. “At the moment, Port Ellen is expensive because it is so old and so rare.
Persons: Carol Ann Duffy’s, ” “, Ellen, , attar, Port Ellen, Roy Duff, Dramface.com, Ardbeg, Hijiri, Alexander McDonald, McDonald, Port, Port Ellen Gemini, Ellens, There’s, Dramface’s Duff, ” Emily Burnham, Organizations: Scotland CNN, Port, Ellen, Diageo, North America —, Smoke Locations: Islay, Scotland, Isle of Islay, Wuyi, Port, Scottish, , Highland, Brora, Falkirk, Scotland’s, Hong Kong, Kilnaughton Bay, Antrim, Northern Ireland, Mull, Kintyre, North, America, United States
Wagner Moura opted out of wearing earplugs on the extremely loud set of Alex Garland's "Civil War" so he could feel completely immersed in the film's most intense battle sequences. In 2015, he landed the role of Pablo Escobar in the Netflix series "Narcos." Moura with Kirsten Dunst in "Civil War." Juan Pablo Gutierrez/NetflixBefore this, you were known for playing Pablo Escobar in "Narcos." Did you find it more difficult getting out of the mindset of Pablo Escobar after "Narcos" or Joel after "Civil War"?
Persons: Wagner Moura, Alex Garland's, he's, Moura, Matt Damon, Pablo Escobar, it's, Joel, Kirsten Dunst, Alex, Jesse Plemons, Jesse, they're, Cailee, I'm, I've, Jessie, Juan Pablo Gutierrez, you've Organizations: Service, Business, Netflix, Globe, BI, Navy, Hollywood Locations: Brazil, American, Hollywood
Opinion | Some Words Feel Truer in Spanish
  + stars: | 2024-04-13 | by ( Natalia Sylvester | ) www.nytimes.com   time to read: +2 min
As an immigrant who came to this country from Peru at age 4, I spent half of my days in kindergarten occupied with learning the rules of the English language. At home, my mom would often create games to help my sister and me preserve our Spanish and improve our grammar. But as my parents became more fluent (and my sister and I more dominant) in English, the boundaries became blurred. Being bilingual empowered us to break barriers beyond the rules and definitions attached to words. Some ideas are so embedded in Latin American and Spanish cultures that they exist implicitly.
Persons: I’d Locations: Peru, Miami, Spanish,
Iran has warned that it will respond with “stronger and more resolute” actions if Israel retaliates over this weekend’s strikes, according to Tehran’s ambassador to the United Nations. Biden will also meet with G7 leaders on Sunday “to coordinate a united diplomatic response to Iran’s brazen attack,” according to a statement released by the White House. US defensive assets moved to the region earlier this week and “helped Israel take down nearly all of the incoming drones and missiles,” according to the statement. US forces intercepted more than 70 one-way attack drones and at least 3 ballistic missiles Iran fired toward Israel, according to two US official familiar with the situation. US fighter jets were also part of the US’ response to Iran’s attack on Saturday and shot down drones launched towards Israel, another US official told CNN.
Persons: Israel, Benjamin Netanyahu, Joe Biden, Iran –, , , Biden, Netanyahu, Jordan, ” CNN’s Nic Robertson, , Mohammed Reza Zahedi, Mohammad Hadi Haji Rahimi, Donald Trump, IRGC, Qassem Soleimani, Ayatollah Ali Khamenei, Ebrahim Raisi, IRNA, ” Israel, General Mohammad Reza Ashtiani, Iran’s, António Guterres, Josep Borrell, Rishi Sunak, Javier Milei, Manuel Adorni, CNN’s Paul Murphy Organizations: CNN, Israel, United Nations, Iran, White House, US Navy, US, Revolutionary Guards, Iran’s Defense, Foreign Ministry, UN, British Locations: Iran, Syria, Israel, Republic, Haifa, Jordan, Iraq, Lebanon, Jerusalem, Tel Aviv, Gaza, Damascus, Baghdad, Lebanese, Quds, East, Europe, America, Saudi Arabia, Egypt, France, Netherlands, Austria, Czech Republic, Spain, Portugal, China, Beijing, Chile, Mexico, Denmark
CNN —Spanish television channel Movistar Plus+ says it will “stop working” with pundit and former Atlético Madrid assistant coach Germán Burgos following a derogatory comment he made about 16-year-old Barcelona star Lamine Yamal. Burgos is from Argentina, though he has spent much time in Spain as both a player and coach. “It was not my intention to harm Lamine Yamal in any way, the people of FC Barcelona, the players, UEFA, or the Movistar Plus+ platform where I work,” Burgos wrote on Instagram. My intention was not to disparage Lamine Yamal, quite the opposite. “Movistar Plus+ condemns any type of discrimination and will not allow these type of comments from any of its workers or collaborators tied to the platform.
Persons: Germán Burgos, Lamine Yamal, Germain, Burgos, doesn’t, it’s, ” Germán Burgos, AP Burgos, Lamine, ” Burgos, , Ricardo Sierra, Barça, , Yamal, Xavi, “ He’s, Yamal’s Organizations: CNN, Barcelona’s Champions League, Paris Saint, Wednesday, Argentina’s, Barcelona, PSG, , Argentina, Europa Press, AP, FC Barcelona, UEFA, Football, Movistar, UEFA Champions League, La Liga, ” CNN, European, Gavi, Real Betis Locations: Spanish, Madrid, Barcelona, Spain, Latin America, Burgos, Argentina, Mono, Atlético Madrid, AFP7, Marca, Yamal
Goldman Sachs reiterates Alphabet as buy Goldman said it's sticking with its buy rating following the company's Google Cloud Next event. "We are initiating coverage of Airbnb (ABNB) with a BUY rating and a $190 per share price target." "Following a period of restriction, we are moving to an Overweight rating and a December 2024 price target of $140." "Given the increase in stock price, we believe valuation levels have disconnected from the fundamental outlook." Piper Sandler reiterates Meta as overweight Piper raised its price target on the stock to $600 per share from $525. "
Persons: Evercore, it's bullish, Goldman Sachs, Goldman, Berenberg, TD Cowen, Visa, Oppenheimer, it's, Snowflake, Raymond James, Simona Jankowski, Wells, Morgan Stanley, Moffett, We've, Marsh, Bernstein, Kenvue, underperform Bernstein, Johnson, Needham, Airbnb, CVX, TTE, Piper Sandler, Meta, Piper, Wells Fargo Organizations: JPMorgan, Apple, Mastercard, Barclays, Nasdaq, Nvidia, UBS, Gartner, IT, Deutsche Bank, ATI, Deutsche, Disney, Microsoft, TEAM, " Bank of America, Nike, of America, Citi, Robinhood, MMC, Qualcomm, Johnson, Consumer, Scotiabank, Hamilton Insurance, Costco, ~$ Locations: Albemarle, Chevron
It forewarns of a changing landscape for the disease. The mosquitoes that spread dengue thrive in densely populated cities with weak infrastructure, and in warmer and wetter environments — the type of habitat that is expanding quickly with climate change. More than 3.5 million cases of dengue have been confirmed by governments in Latin America in the first three months of 2024, compared with 4.5 million in all of 2023. There have been more than 1,000 deaths so far this year. The Pan-American Health Organization is warning that this may be the worst year for dengue ever recorded.
Organizations: American Health Organization Locations: America, Brazil, Argentina, Peru, Puerto Rico, Latin America
But this marks the first time in recent history that Bogotá has been forced to implement water rationing measures. Mayor Carlos Galán announced that water rationing measures for Bogotá would begin on April 11. El Niño is a natural climate pattern originating in the Pacific Ocean along the equator, which influences weather around the globe. In a country as politically divided as Colombia, the urgency of addressing El Niño is a rare point of consensus. Bogotá’s water rationing plans have been supported by the country’s president, who has historically had a testy relationship with the city’s mayor.
Persons: Colombia CNN —, Montgomery Burns, , El Niño, Ivan Valencia, Carlos Fernando Galán, ” Galán, It’s, El, Bogotá, Magdalena, , Armando Sarmiento, Sarmiento, Mayor Carlos Galán, Fernando Vergara, Niño, Susana Muhamad, ” CNN’s Heather Law, Ana Melgar Organizations: Colombia CNN, , Bogotá’s Javeriana University, CNN, Bogotá, El Niño Locations: Bogotà, Colombia, Bogotá, San Rafael, El, Colombian, Latin America, Mexico City, Magdalena, Colombia’s, Bogota, Mayor, Sarmiento
Ecuador's President Daniel Noboa during his inauguration at the National Assembly in Quito on November 23, 2023. A close ideological ally of Correa, Lopez Obrador had since December allowed Glas to live at the Mexican embassy—territory that is technically off limits for local authorities. Lopez Obrador last week seemed to criticize the election that brought Noboa to power, suggesting the climate of fear created by Villavicencio’s murder had favored Noboa. President of Mexico Andres Manuel Lopez Obrador speaks during a briefing at Palacio Nacional on March 12 in Mexico City. Hector Vivas/Getty ImagesWhile Lopez Obrador is at the sunset of his political career, Noboa is just getting started and seeks a strong platform to run for re-election next year.
Persons: , , Jorge Glas, Ecuador’s, Daniel Noboa, Andres Manuel Lopez Obrador, Noboa, Guillermo Lasso, Fernando Villavicencio, Alfredo ‘ Fito ’ Macias, RODRIGO BUENDIA, Glas, Rafael Correa, Lopez Obrador, Evo Morales, Peru’s Pedro Castillo, Correa, Villavicencio’s, Santiago Orbe, ” Orbe, Mexico Andres Manuel Lopez Obrador, Hector Vivas, Emilio Lezama, Bukele, Latinobarometro, It’s, it’s Organizations: Bogota CNN —, Colombian, National, Getty, Ecuadorian, CNN, Palacio Nacional, International Court of Justice Locations: Bogota, America, Guyana, Quito, Mexican, Mexico, Latin America, AFP, Ecuador, Glas, Vienna, Ukraine, Mexico City, El, El Salvador
Ecuador was once famous for sheltering a man on the lam: For seven years it allowed WikiLeaks founder Julian Assange to hole up in its embassy in London, invoking an international treaty that makes diplomatic premises places of refuge. Then, last week, the South American nation appeared to tear that treaty to shreds, sending the police into the Mexican Embassy in Quito — over Mexico’s protests — where they arrested a former vice president accused of corruption. President Daniel Noboa of Ecuador defended the decision to detain the former vice president, Jorge Glas, calling him a criminal and citing the country’s growing security crisis to justify the move. But his critics said it one of the most egregious violations of the treaty since its creation in 1961. They saw a more personal motive: Mr. Noboa’s political agenda.
Persons: Julian Assange, Daniel Noboa, Jorge Glas Organizations: Quito — Locations: Ecuador, London, American, Mexican, Quito
Elon Musk said he would ignore the order and demanded that Brazil uphold free speech principles. Musk's voice isn't helping the country's debate on free speech, a civil liberties expert told BI. AdvertisementElon Musk is wading into a war with Brazil over orders from the country's Supreme Court to ban certain X accounts that helped spread election misinformation. However, the country's protection of free speech is not absolute, giving the federal government greater discretion to ban certain types of speech — like hate speech. And it's this type of speech that Musk is going to bat for in Brazil — speech that can have serious implications for the country.
Persons: Elon Musk, , Elon, isn't, Musk, Alexandre de Moraes, de Moraes, De Moraes, Jair Bolsonaro, Alimonti, Bolsonaro, Donald Trump, country's, brazenly, Jack Dorsey, Charles Breyer, Musk's, Breyer Organizations: Brazilian, Court, Service, Associated Press, Electronic Frontier Foundation, Nazi, Musk, Business, X Corp, Media Matters Locations: Brazil, China, India, Turkey
That’s one reason why it’s notable that a new study finds a full 40% of Hispanic and Latino/a professionals in corporate America say they feel it is necessary to change aspects of themselves to succeed at work. “Our findings illuminate hurdles Hispanic and Latino professionals face, including the undue pressure to mask their authentic selves and heritage in pursuit of success,” said Coqual CEO Lanaya Irvin. They were also based on virtual focus groups and interviews with 100 Hispanic and Latino/a professionals and experts. When Hispanic professionals get their foot in the door, or even get promoted, many still find they are stereotyped, overlooked or underappreciated. In addition, the think tank encourages companies to focus more on increasing diversity, strengthening sponsorships of Hispanic professionals and endorsing and funding affinity groups.
Persons: , Lanaya Irvin, “ I’ve, haven’t, , , aren’t Organizations: New, New York CNN, Professionals Locations: New York, America, Spanish, Dominican
The President of the Republic of Ecuador, Daniel Noboa, during the Spain-Ecuador business meeting at the headquarters of the CEOE, on 25 January, 2024 in Madrid, Spain. "President Noboa has given a strong message to the nation," said Carlos Galecio, a political communications consultant and coordinator of the communications program at Ecuador's Casa Grande University. "I am in favor of President Noboa's actions. "The priority is to clean, sanitize, continue with a process as important as President Noboa's to put the house in order." "The United States takes very seriously the obligation of host countries under international law to respect diplomatic missions," said Brian Nichols, assistant secretary of state for Western Hemisphere affairs.
Persons: Daniel Noboa, Daniel Noboa's, Ecuadorians, Noboa, Carlos Galecio, Rafael Correa, Nayib Bukele, Cedatos, Jorge Glas, Glas, Noboa's, Gabriela Sandoval, Roberto Aspiazu, Will Freeman, Freeman, Brian Nichols Organizations: Ecuadorian, Associated Press, Casa Grande University, Statistics, Police, Vienna Convention, America's Pacific Alliance, Foreign Relations, Mexico's, Jalisco New Generation, United, Western Hemisphere Locations: Republic of Ecuador, Spain, Ecuador, Madrid, Belgium, El Salvador, Quito, Vienna, Mexico, The Hague, Noboa, York, Latin America, Colombia, Peru, Mexico's Sinaloa, Jalisco, U.S, United States
Nestled against the Rocky Mountains, Boulder, Colorado, has blossomed into a thriving hub for the natural products and wellness industry. The tea company was later acquired by Hain Food Group — now Hain Celestial Group — in 2000 for $390 million. Hain Celestial Group CEO Wendy Davidson (left) and CNBC's Andrea Day (right) trekking along the historic footrails where the founders of Celestial Seasonings gathered wild herbs in 1969. Turning peanut butter into goldThe Boulder County Farmers Market, a vibrant incubator since 1987, exemplifies the region's thriving ecosystem. A sign from the Boulder Farmers Market, operating from April to November, serving as an incubator for numerous small food businesses.
Persons: Wendy Davidson, CNBC's Andrea Day, Davidson, It's, Justin Gold, butters, , Gold, Daniel Acker, Juan Stewart, Stewart, Kristine Carey, Kristy Lewis, Quinn Snacks Organizations: U.S . News, Rockies, Hain Food, Group, CNBC, Leeds School of Business, University of Colorado, Farmers, Boulder Farmers, Foods, Hormel Foods, Bloomberg, Getty, Boulder County Farmers, Kroger, Companies Locations: U.S, CNBC's, Rocky, Boulder , Colorado, Boulder, University of Colorado Boulder, Tiskilwa , Illinois, Boulder County
Stavridis suggested recruiting countries like Australia, Japan, New Zealand, and South Korea. AdvertisementThe NATO military alliance should consider broadening its membership to include Asia-Pacific nations like Japan and New Zealand, said a former NATO supreme allied commander. AdvertisementIn his op-ed, Stavridis suggested recruiting Asia-Pacific countries "that share the alliance's vision of freedom, democracy, liberty and human rights." Advertisement"I'd say the challenges and the benefits feel roughly balanced, but given the practical and political hurdles, it is probably too soon to consider a global NATO," Stavridis wrote. AdvertisementThe military alliance's overtures to Asia appear to have drawn the ire of countries like China, whose defense ministry has accused NATO of being a "walking war machine."
Persons: James Stavridis, Stavridis, , Emmanuel Macron, Wu Qian Organizations: NATO, US, Service, Bloomberg, US Southern Command, Asia, Business Insider Locations: Asia, Pacific, Australia, Japan, New Zealand, South Korea, NATO, Russia, Ukraine, Latin America, US, China, South China, Philippines, Thailand, Singapore
Despite getting sold off this year, Jefferies sees SQM as an attractively valued play in the commodities space. Analyst Alejandro Demichelis upgraded U.S. shares of the Latin American lithium producer to buy from hold. Demichelis said the market underappreciates SQM's low-cash cost advantage in the lithium space. "But we believe that they should put the company on a much stronger competitive footing over the coming years." SQM shares advanced more than 6% during Monday morning trading.
Persons: Jefferies, SQM, Alejandro Demichelis, Demichelis, Albemarle Locations: American, SQM, SQM ALB
CNN —Ecuador’s former vice president Jorge Glas has been hospitalized, days after his arrest during a high-profile raid of the Mexican embassy in Quito. Glas was taken a hospital in Guayaquil after falling ill, the country’s national prison agency SNAI said Monday. He became ill after he refused to eat food provided to him while in detention, the agency also said. The news came as Ecuador’s President Daniel Noboa on Monday defended the controversial police raid on Friday that led to Glas’s arrest. Glas, who has previously been convicted twice on corruption charges, served under leftist ex-President Rafael Correa between 2013 and 2017.
Persons: CNN — Ecuador’s, Jorge Glas, Glas, SNAI, Daniel Noboa, Rafael Correa, , Noboa, , ” Noboa, Argentina –, António Guterres Organizations: CNN, Ministry of Public Health, Naval Hospital of, International Court of Justice, Twitter, Brazil, Vienna Convention, Diplomatic Relations, United Nations Locations: Mexican, Quito, Guayaquil, Naval Hospital of Guayaquil, Mexico, Ecuador, Argentina, Nicaragua, Vienna
GE Vernova — Shares of energy company GE Vernova, which spun off from General Electric last week, gained 5.9% following an upgrade to overweight from neutral from JPMorgan. The firm said investors should buy the dip in GE Vernova, and said shares have pulled back since the spinoff largely due to technical and flowback selling and are now trading at a discount. Tesla — The beaten-down electric vehicle maker added 5.4% after CEO Elon Musk said late Friday that Tesla will unveil its long-awaited robotaxi design on Aug. 8. UiPath — The software stock gained more than 2.3% during midday trading. SoFi Technologies — Shares gained 4.1% after Citi resumed coverage of the online personal finance company with a buy rating.
Persons: Elon Musk, Tesla, Eaton, Wolfe, Piper Sandler, Jefferies, Alex Harring, Brian Evans, Samantha Subin, Yun Li, Lisa Kailai Han Organizations: GE, GE Vernova, General Electric, JPMorgan, Taiwan Semiconductor Manufacturing, Biden Administration, Citi, Sociedad, Jefferies Locations: Arizona, U.S, Minera —, American
CNN —Ecuadorian police stormed the Mexican embassy in Quito on Friday night to arrest a former vice president seeking asylum there, in an escalation of tensions that Mexico decried as “an outrage against international law.”Mexico’s foreign minister said the country would break off diplomatic relations with Ecuador after the arrest of former Ecuadorian Vice President Jorge Glas. The rift between the two Latin American countries had been growing since Mexico’s decision to grant political asylum to Glas, Ecuador’s former vice president under leftist ex-President Rafael Correa between 2013 and 2017. “It is impossible for them to violate the diplomatic premises as they have done.”Former Ecuador Vice President Jorge Glas speaks during an interview at his office in Quito on September 12, 2017. Dolores Ochoa/APA spokesperson for Mexico’s Secretary of Foreign Affairs Alicia Bárcena told CNNE that the country is “breaking” diplomatic relations with Ecuador and immediately removing all diplomatic personnel from the country. Mexico plans to lodge a complaint with the International Court of Justice to denounce the Ecuadorian police’s actions, she added.
Persons: , Jorge Glas, Ecuador’s, Rafael Correa, Glas, Andrés Manuel López Obrador, , X, ” Roberto Canseco, ” Canseco, Dolores Ochoa, Foreign Affairs Alicia Bárcena, CNNE, Bárcena, Canseco, Lopez, Fernando Villavicencio’s Organizations: CNN, Ecuadorian, Foreign Affairs, International Court of Locations: Quito, Mexico, Ecuador, Glas, , Mexican, Ecuadorian
We used the CNBC Pro Stock Screener Tool to identify companies that are oversold based on their 14-day relative strength index. The stock is slightly oversold with a 14-day RSI reading of 24.52. Biopharmaceutical firm Biogen also made the list, with a 14-day RSI reading of 29.71. BIIB YTD mountain Biogen stock. Other oversold stocks on the list include Starbucks and Nike .
Persons: McDonald's, Krispy Kreme, Biogen, Wall, Baird, Brian P, Skorney Organizations: Dow Jones Industrial, Federal Reserve, CNBC, Israel, Starbucks, Nike Locations: Latin America
This could create a "China shock 2.0" that impacts other economies around the world. AdvertisementThis is just one of the industries the world is bracing for in the next phase of the "China shock." What happened in China shock 1.0? How Beijing could be creating China shock 2.0Now, China is targeting three new strategic industries that the rest of the world is also eyeing. What are the US and the rest of the world doing about China shock 2.0?
Persons: , Xi, David H, Autor, David Dorn, Gordon H, Hanson, Rajiv Biswas, who's, Biswas, keener, Janet Yellen, Yellen, it's, Wang Wenbin, Wang, Nomura Organizations: Service, Beijing, OECD, European Union, Department of Energy, Treasury, European Commission, EU, Act, Wall Street, Bloomberg Locations: China, EU, Beijing, Communist China, Georgia, Southeast Asia, Africa, Latin America
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