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The Kingdom's Vision 2030 plans feature several massive construction projects, including the futuristic megacity Neom and an entertainment project on the outskirts of Riyadh. Amine Mati, an assistant director at the IMF and its mission chief for Saudi Arabia, told The FT that Saudi authorities were "recalibrating" to assess whether some spending should be delayed. In public, Saudi has largely been keen to insist that the megaprojects, especially Neom, are on track. Experts previously told BI that Saudi Arabia was struggling to attract the foreign investment needed for the development. Representatives for Neom did not immediately respond to a request for comment from Business Insider, made outside normal working hours.
Persons: , Mohammed Al, Jadaan, Prince Mohammed bin Salman, Neom Organizations: Service, Business, BBC, Saudi, IMF, FT, Public Investment Fund, CNBC Locations: Saudi Arabia, Riyadh
But even clients who get through the door can be reluctant to park more assets with Citi, according to a wealth advisor. To understand the extent of Citi Wealth's tech woes and the stakes, Business Insider spoke with 14 current and former employees. Andy Sieg took over Citi Wealth in September after leaving Merrill Wealth Management. Citi Wealth clients are losing their patienceCiti receives 27,000 monthly complaints from wealth customers, according to the audit. Getting bank statements emailed is difficult for Citi private bank clients when it's a matter of checking a box at other major banks.
Persons: , Andy Sieg, Roth, Ernst & Young, EY, Merrill Lynch, Sieg, Morgan Stanley, Kris, Wells, Mike Mayo, Jane Fraser, Shadman Zafar, Alois Pirker Organizations: Service, Revlon, Citi, Business, Ernst, Citi Wealth, Merrill Wealth Management, Morgan, Citigroup, Apple, Microsoft, Bankers, Employees, Work, Fidelity, Advisors
Read previewJulian Assange spent more than five years in a 2x3 meter cell, isolated 23 hours a day before his release on bail, WikiLeaks said in a statement on Tuesday. Assange was arrested in the UK in 2019 for breaching bail conditions after seeking asylum in Ecuador's London Embassy to avoid extradition. AdvertisementOn Monday, the High Court of London granted Assange bail, the WikiLeaks statement said, allowing him to board a plane at 5 p.m. local time and leave the UK. AdvertisementBritain's 'Guantánamo Bay'Before his release, Assange spent half a decade detained in a prison once dubbed the UK's "Guantánamo Bay." Belmarsh Prison, where Julian Assange was held, pictured on May 20, 2024, in London.
Persons: , Julian Assange, Assange, Chelsea Manning, Matthew McKenzie, Carl Court Organizations: Service, WikiLeaks, Business, Embassy, US Department of Justice, United States, Northern, Justice Department, BBC, European, Human Rights, Independent Locations: Ecuador's, Northern Mariana Islands, Northern Mariana, London, Belmarsh, Australia
She founded the e-commerce retailer Wildberries in 2004 while on maternity leave from her job as an English teacher. A Wildberries delivery point in St. Petersburg. Bakalchuk told Bloomberg in 2018 that she used to make deliveries herself in the company's early days. Bakalchuk owns 99% of the company, and her husband owns 1%. In 2020, The Bell reported Vladislav Bakalchuk earned $5 million from selling stock in an internet provider, raising questions about Bakalchuk's status as a self-made billionaire.
Persons: Artem Priakhin, Wildberries, Otto, Bakalchuk, Sergei Anufriev, Bell, Vladislav Bakalchuk Organizations: Wildberries, Getty, Bloomberg Locations: St . Petersburg, German, Moscow, Wildberries
Natural-gas prices in Texas have dropped into negative territory. AdvertisementNatural-gas prices in Texas have slipped into negative territory even amid a heat advisory for parts of the state, Reuters reported. AdvertisementTaking this infrastructure offline can lead to trapped natural gas, momentarily boosting supply. According to traders that spoke with Reuters, other reasons may have contributed to the negative price slide as well. This is the 18th time this year that Texas natural gas price have entered negative territory, the outlet said.
Persons: , it's, Kinder Morgan, Fortune Organizations: Service, Reuters, Natural Gas Pipeline, West South Central, Energy Information Administration Locations: Texas, America
He was among the more than 1,300 pilgrims who died during this year’s Hajj as temperatures in Saudi Arabia reached record levels. The tragedy, resulting in one of the highest Hajj death tolls in years, has brought attention to the shadowy industry of unauthorized pilgrimage agents. It is unclear how many unauthorized pilgrims made it to this year’s Hajj, but Saudi news outlet Al Sharq Al Awsat reported Tuesday that 141,000 such pilgrims received free medical treatment during the Hajj season. Clamping down on unauthorized pilgrimageBefore this year’s Hajj season started, Saudi authorities warned pilgrims against using agents selling unauthorized Hajj packages and had been in contact with other governments in an effort to crack down on the trend. Authorities had also arrested some illegal agents and issued warnings about penalties for those found to assist unauthorized pilgrims.
Persons: Cairo CNN —, Mahmoud, Salem, , Abdelzaher Abdo Salem, Om Waleed, Abdelzaher, Mount Arafat, Salem’s, ” Mahmoud, , Atef, , ” Aglan, Aglan, Al Sharq Al Awsat, Hania Hassan Salama, Salama, Mustafa Mohammed, Ahmad, General Muhammad bin Abdullah Al, Rafiq Maqbool Organizations: Cairo CNN, Al, Ma’aisam, Saudi, Egyptian Travel Agents Association, CNN, Hajj, Authorities, Public Security, Hajj Security Locations: Cairo, Abdo Salem, Mecca, Egypt, Saudi Arabia, Salem, Abdelzaher, Mount, Mina, , AFP, Saudi, Medina , Saudi Arabia
Biden needs to spend his debate time attacking Trump's economic policies, sources told CNN. The top Democrat sources told CNN that voters just don't care about what Biden has accomplished. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJoe Biden's advisors say he should spend more time at the debate attacking Donald Trump than focusing on his own White House successes, according to a report from CNN. They've been advising Biden to focus on criticizing Trump's economic policies and close relationship with corporate America, four sources close to the president told the outlet.
Persons: Biden, Trump, , Joe, Donald Trump, they've, They've Organizations: CNN, Democrat, Service, America, Business
Filipino soldiers involved in a clash last week with Chinese coast guard have been awarded medals. Their vessels came under attack last week while delivering supplies in the disputed South China Sea. The award ceremony is unlikely to ease tensions with China in the contested region. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFilipino soldiers who reportedly used their bare hands to fight off Chinese coast guards armed with swords and knives were awarded medals by the Philippines for de-escalating tensions, according to the Manila Bulletin.
Persons: , Ferdinand Marcos Jr Organizations: Service, Manila Bulletin, Philippines, Business Locations: China, Philippines, of Lapu, Lapu
To help you browse the best ones going on now, I've rounded up the best 4th of July sales below. Appliances including air conditioners and outdoor fire pits are down to excellent prices for the 4th of July. In time for the warming weather, I'm seeing some great price drops on air conditioner picks from our guides to the best portable air conditioners and the best air conditioner units. EcoFlow Wave 2 Portable Air Conditioner $1,199.00 $2,237.00 Save 46% The EcoFlow Wave 2 is the best battery-powered portable air conditioner we've tested. RumplThe best 4th of July outdoor and camping dealsSeveral stores are welcoming the warm weather and end of the school year by dropping prices on outdoor essentials, from accessories to full-size tents.
Persons: it's, We'll, BioLite, TCL, Rumpl, Kit Organizations: Business, Ikea's, Steam, LG, GE, Amazon Prime, Energy, Independence, Amazon, REI Locations: REI Outlet
Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong CNN —Chinese Premier Li Qiang has warned against a “vicious cycle” of economic decoupling from the West, as Beijing struggles to contain rising global pushback over soaring electric vehicle (EV) exports. This will “drag countries … into a vicious cycle of scrambling for a cake that becomes smaller and smaller,” Li added. Last month, the Biden administration quadrupled tariffs on EV imports from China, from 25% to 100%, aiming to protect American jobs and manufacturing. Chinese EV sales to the United States are tiny.
Persons: Li Qiang, Li, , China’s, Xi Jinping, Biden Organizations: Hong Kong CNN, EV, European Union, Reuters, EU, Global Locations: China, Hong Kong, Beijing, Dalian, Canada, Beijing’s “, United States, European
The three-bedroom property, built in 1924, listed earlier this month is worth $1.8 million but is currently priced at $488,000, according to The San Francisco Standard. The property will be sold as is, meaning the new owners will become the current tenants' new landlords. The San Francisco metro area is one of the most expensive place to live. To afford life in a big city like San Francisco, you'd have to make double what most Americans earn, according to a May Moody's Analytics analysis. The unusual sale is partly due to a family feud, according to The San Francisco Standard.
Persons: you'd, Sandra Lee, Cheryl Lee, Todd Lee, Sandra, didn't, Lee Organizations: San Francisco, San Francisco Standard, North, CNBC Locations: San Francisco's, San Francisco, Russia Hill
A massive fire at a factory in Berlin last month was set by Russian saboteurs, per WSJ. But the factory, owned by Diehl Metal, makes parts for cars and electrical systems, not weapons. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIn early May, scores of German firefighters massed at a metal technology plant in southwest Berlin as it burned. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Diehl, Service, Business Locations: Berlin, Russian, Ukraine, Lichterfelde
Read previewUkrainian uncrewed surface vessels are laying undersea mines that have already damaged several Russian warships in the Black Sea, The Wall Street Journal reported. The paper reported that the mines have damaged four Russian warships to date, including the missile corvette Samum and the patrol ship Pavel Derzhavin. AdvertisementWhile successful attacks on Russian ships using sea drones packed with explosives have been well documented, the use of drones to lay mines has not received the same attention. At the time, intelligence sources briefed Reuters and Ukrainan media that it had been struck by a Sea Baby drone. AdvertisementDespite having no conventional navy, Ukraine continues to punch above its weight in the Black Sea.
Persons: , Brig Gen Ivan Lukashevych, Lukashevych, Pavel Derzhavin, Lukashevych's Organizations: Service, Street Journal, Business, Reuters, Fleet Locations: Russia, Sevastopol, Ukraine, Novorossiysk
CNN —Conspiracy theorist Alex Jones’ Infowars media empire will be shut down and sold off, a bankruptcy court-appointed trustee said in an emergency court filing Sunday, signalling the end of the notorious far-right outlet that Jones has used to spread dangerous misinformation and lies. But at that time, the judge ruled Jones’ media company Free Speech Systems, the parent of Infowars, would not be liquidated partly because the process would be costly and lengthy. The dismissal of the bankruptcy case against the outlet meant that the families were free to go after Jones’ assets, including Infowars, in state court. Since Jones is the owner of Free Speech Systems, a court appointed trustee was put in charge of the company. As a result, Jones’ trustee asked the bankruptcy judge for an emergency stay in the case to allow them to conduct an “orderly wind-down and sale process” of Infowars.
Persons: Alex Jones ’, Jones, Sandy Hook, , Christopher Mattei, Connecticut, , ” Mattei, ” Jones, Infowars, “ I’m Organizations: CNN, Speech Systems, Free Speech Systems, Systems, Court, Free, Locations: Texas, Infowars, Connecticut, Infowars
Shein, the fast fashion giant with links to China, has confidentially filed for a public listing in London as it faces backlash in the U.S., a person familiar with the matter told CNBC. Elected officials in the U.S. have repeatedly expressed concerns about the use of forced labor in Shein's supply chain and its use of a U.S. tax law exemption known as de minimis. Shein would still prefer to go public in the U.S., sources previously told CNBC, and its filing in London doesn't mean that an IPO will happen there. It's unclear if Beijing has signed off on the London listing. Shein's London filing marks another twist in the company's so-far long road to a public markets debut.
Persons: Shein, It's, Donald Tang, — CNBC's Sara Salinas Organizations: CNBC, U.S, National Retail Federation, U.S . Securities, Exchange Commission, Wall Street Journal, SEC Locations: China, London, U.S, Beijing, Singapore, Xinjiang
Omar Al-qattaa | Afp | Getty ImagesIsraeli Prime Minister Benjamin Netanyahu signaled that the "intense" phase of fighting in the war-torn Gaza enclosure is close to ending, while stressing the broader war against Hamas wages on. "After the intense phase is finished, we will have the possibility to move part of the forces north. And secondly, to bring our [evacuated] residents home," Netanyahu said, according to a Reuters translation. Thousands of Israeli and Lebanese civilians have been displaced from their border-facing settlements amid fire exchanged since the October start of the Jewish state's war campaign against Palestinian militant group Hamas in the Gaza Strip. watch nowAsked when the intense stage of combat against Hamas will finalize, Netanyahu on Sunday said, "Very soon," according to a Google translation of the Channel 14 report.
Persons: Omar Al, Benjamin Netanyahu, Netanyahu, Israel Katz, Sayyed Hassan Nasrallah, Amos Hochstein, Annalena Baerbock Organizations: Afp, Getty, Channel, Palestinian, Hamas, Israeli Defense Forces, Lebanese, Sunday, Palestinian Authority, West Bank, Israel, Israeli Foreign, German, Monday, Reuters Locations: al, Gaza City, Israel, Palestinian, qattaa, Gaza, Lebanon, Iran, Rafah
Amazon has many little-known nooks and crannies, including an overstock outlet. Amazon Outlet offers limited-time deals in categories, like clothes, electronics, and toys. But my favorite part of Amazon is its outlet, which has saved me hundreds of dollars. Amazon Outlet offers bargains on overstock and clearance items, from power tools to pet supplies. On an average day, prices are often up to 50% off retail, and lightning deals can feature even bigger discounts.
Persons: , I've Organizations: Amazon, Outlet, Service, Business
The end result had gold and red fabrics overlaid with sheer pleating and long black fringe. “I was very proud of how it turned out, and I’m still really proud of it,” Karlsgodt said. Stuck inside an apartment she shared with four roommates, she was looking online for ways to update her bedroom when she stumbled upon images of Victorian lampshades. “I loved it immediately and felt like I wanted to make them forever,” Karlsgodt said. “I just think this style is so glamorous and romantic and kind of cozy at the same time.”
Persons: Ivy Karlsgodt, I’m, ” Karlsgodt, , Karlsgodt, Organizations: Broadway
The 3rd Separate Assault BrigadeRecruits of the 3rd Separate Assault Brigade taking part in military training. The 3rd Brigade has since become famous for its battle-hardened, fearless approach to combat. While many brigades use social media platforms to advertise and celebrate battlefield wins, the 3rd Brigade is especially skilled at PR. Four Ukrainian soldiers of the 3rd Separate Assault Brigade preparing mortar rounds for intensive firing at a position near Andriivka on September 25, 2023, in Donetsk Oblast, Ukraine. "The Third Assault Brigade falls into the second category."
Persons: , Volodymyr Zelenskyy, Julia Kazdobina, ANATOLII STEPANOV, Ukraine isn't, Andriy Biletsky, Kazdobina, Elina Beketova, Yurii, Beketova Organizations: Service, Business, Ukrainian Prism's Security, Ukrainian Information, Separate Assault Brigade, Separate Assault, Azov Brigade, 3rd Brigade, Washington DC, Center for, Getty, Radio ROKS, Brigade, Ukraine's Defense, Third Assault Brigade Locations: Ukrainian, Ukraine, Bakhmut, Mariupol, Andriivka, Donetsk Oblast, Kyiv, Dnipro, Lviv, Soviet
Nicolae Crețu, the commander of the air base, told the outlet that the expanded facility would require "maintenance hangars, fuel stores, ammunition, equipment, aviation technical materials, simulators, feeding facilities, accommodation." Advertisement"Our objective here in Romania is to enhance our integration into NATO Air Power by honing and deepening our cooperation with the Royal Air Force and the Romanian Air Force", he added. Romanian air force F-16 fighter planes. AdvertisementNevertheless, Putin this week reiterated his threats to the West, vowing to go "to the end" in the war with Ukraine. Defeat in Ukraine, Putin said, would mean "the end of the 1,000-year history of the Russian state.
Persons: , Nicolae Crețu, Rami Lindström, Andreea Alexandru, Charlie Tagg, Dorin Popescu, Mihail Kogălniceanu, Andrey Klimov, Vladimir Putin, ALEXANDER NEMENOV, Putin Organizations: Service, NATO, Euro News Romania, Business, BBC, Finnish Air Force, Royal Air Force, NATO Air Power, Romanian Air Force, AP, Federation, Committee, Foreign Affairs, Getty Locations: Odesa, Ukraine, Europe, Romania, Romanian, Norway, Andreea Alexandru US, Bucharest, Russian, Russia, Finland, Sweden
Over the last year, Swift's Eras Tour and its affiliated film cemented her economic prowess in the United States, injecting billions into the economy. AdvertisementLocal businesses are seeing Swift's impact weeks ahead of her concerts. Jo Hale/Getty ImagesEuropean economists monitoring inflation rates in the service sector are examining Swift's tour to see what impact it will have on Europe's economy. Barclays' Consumer Spend research found that Swift's tour is expected to boost the UK economy by £997 million ($1.26 billion). Economist George Moran told the Times, however, that he thinks it's unlikely Swift will impact decision-making at the Bank of England.
Persons: , Taylor, Swift, Taylor Swift's, Ben Julius, Julius, Taylor Swift, Jo Hale, Lucas Krishan, Krishan, Kevin Mazur, George Moran, Moran, Nomura Organizations: Service, Business, Tourist Italy, Wembley, Getty, European Central Bank, Barclays, Consumer, New York Times, Securities, Rights, Bank of England, Times Locations: Europe, United States, Italy, Milan, London, Central, Paris, France
Vladimir Putin and Kim Jong Un signed a partnership agreement on Wednesday. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. AdvertisementRussian President Vladimir Putin and North Korean leader Kim Jong Un signed a strategic partnership agreement this week, capitalizing on the two autocratic leaders' overlapping interests — chief among them the desire for a more authoritarian world.
Persons: Vladimir Putin, Kim Jong Un, , Putin, Kim Organizations: Service, North, Business Locations: Russia, North, North Korea
Trump’s campaign insists the former president is his own best adviser and he alone will make the call. Vance,” Trump Jr. told Newsmax in January. That’s a key concern of Trump’s top advisers who have otherwise let the former president dictate the process. “President Trump should not be made to explain other people’s scandals or statements.”Burgum’s wealth may have worked in his favor for a time when Trump trailed President Joe Biden in the money wars. But the recent influx of cash into the campaign following Trump’s fundraising blitz and criminal convictions has blunted that advantage.
Persons: Donald Trump, Donald Trump Jr, Sen, J.D, Vance, Rupert Murdoch, Trumpworld, Doug Burgum, Sean Hannity, Florida Sen, Marco Rubio, Trump, , Burgum, Rubio, South Carolina Sen, Tim Scott, Elise Stefanik, Byron Donalds, Ben Carson, , Susie Wiles, Chris LaCivita, Wiles, “ Susie, Nikki Haley, Scott, In Rubio, Hannity, Kellyanne Conway, Trump’s, Mike Pence, Conway, ” Conway, namechecked Donalds, Marc Andreessen, Brian Hook, Bill Ackman —, Ken Griffin, Griffin, Haley, Steve Bannon, Bannon, Paul, Trump’s Jesus, Jesus, ” Bannon, ” Trump, Newsmax, ” Tucker Carlson, Carlson, Vance “, I’ve, Pence, , bankroll, Marco Rubio’s, Joe Biden Organizations: CNN, Ohio Republican, North Dakota Gov, Fox News, Florida, Trump, Republican National Convention, House GOP, Florida Rep, Urban, Street, South Carolina Gov, Indiana Gov, Washington Post, Democratic Party, The New York Times, Wednesday, White, Politico, Trump Jr, GOP, Fox, North, Republican, New, , Wall Street, Murdoch’s, Corp, Locations: Milwaukee, South Carolina, Florida, New York City, Nevada, Conway, Mar, Washington, South Florida, Miami, Vance’s, North Dakota, White
Read preview"Perfect Wife: The Mysterious Disappearance of Sherri Papini" tells the story of a woman who went missing on November 2, 2016, after she staged her own kidnapping. The Hulu true crime docuseries details how Sherri Papini was found 22 days later in Yolo County, California, near Interstate 5, some 150 miles away from her home in Redding, California. AdvertisementShe signed a plea deal admitting that she had lied to the authorities and that the kidnapping never happened. Papini was released from prison in 2023Sherri Papini leaves the federal courthouse after being sentenced to 18 months in prison in September 2022. Rich Pedroncelli/APAccording to the Federal Bureau of Prisons, Papini was officially released from prison on September 29, 2023.
Persons: , Sherri Papini, James Reyes, Denise Huskins, Matthew Muller, Papini, Reyes, Keith Papini, Rich Pedroncelli, Papini's, I've, Violet, Tyler Organizations: Service, Business, Netflix, FBI, Federal Bureau of Prisons, CBS News, Redding, USA Locations: Yolo County , California, Redding , California, Costa Mesa, Sacramento , California, California
New York CNN —When will Jeff Bezos actually address the upheaval roiling his newsroom? “Will Lewis needs to step down for the good of The Post and the public,” wrote Higham on Facebook. But surely the billionaire understands the dire situation gripping The Post. Staffers at The Post are very much waiting for Bezos to take some meaningful form of action. In the absence of Bezos, the stories raising questions about Lewis’ ethical integrity keep coming.
Persons: Jeff Bezos, Will Lewis, Bezos, Lewis, Robert Winnett, David Maraniss, doesn’t, Scott Higham, Lewis ’, “ Will Lewis, , Higham, it’s, He’s, Boris Johnson, Johnson Organizations: New York CNN, Washington Post, The, Facebook, CNN, Financial Times, New York Times Locations: New York, Higham
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