Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Port Said"


25 mentions found


London CNN —The Church of England has welcomed a report that calls for it to spearhead the establishment of a £1 billion ($1.3 billion) fund to address its historical ties to slavery. The Church Commissioners group, which manages the church’s £10.3 billion ($13 billion) investments, has accepted the report “in full,” the church said in a statement. The report also calls for the Church Commissioners to build up the value of the fund by bringing in co-investors while also increasing its own allocation. The Church of England is the established church in the United Kingdom. It also urged the Church Commissioners to deliver the full sum committed to the fund sooner than over the nine years originally envisaged.
Persons: , Archbishop of Canterbury Justin Welby, Bishop Rosemarie Mallett, Canterbury Justin Welby, Toby Melville, Welby, George Floyd Organizations: London CNN, of, , for, Commissioners, South Sea Company, REUTERS, National Archives, Bank of Locations: of England, Black, United Kingdom, Barbados, London, REUTERS Britain, Historic England, Caribbean, Bank of England, United States
Many older Americans are financially vulnerable, with over half living on incomes of $30,000 or less a year. And, as Sanders' report notes, about 10% of older Americans live in poverty, according to an analysis from the Center on Budget and Policy Priorities. Without Social Security income, around 38% of Americans 65 and older would be living below the poverty line. Even so, America's Social Security benefits lag behind many other wealthy countries; benefits amount to, on average, 51.8% of workers' earnings across the OECD. All of that comes as older Americans see their adult children leaning on them financially, as Gen Zers and millennials weather their own economic storms.
Persons: Bernie Sanders, , Sanders, Zers, I'm, Jane, you'll Organizations: Service, Health, Education, Labor, Wall, Survey, Federal Reserve's Survey, Consumer Finance, Budget, Security, OECD, Social Security Locations: Japan
Russia is reducing its military flights in the Ukraine war, a report said. It comes Ukraine shot down a series of Russian planes. Ukraine has used a range of tactics to counter Russia's air dominance. A Ukrainian kill streak against Russian fighter jets appears to have caused Russia's air force to scale back on flights, a think tank said. AdvertisementUkraine managed to take down 15 of Russia's combat jets in two weeks, according to Ukrainian officials.
Persons: Organizations: Russian, Service, The, Business Locations: Russia, Ukraine, Ukrainian, US
An unpublished investigation by the main United Nations agency for Palestinian affairs accuses Israel of abusing hundreds of Gazans captured during the war with Hamas, according to a copy of the report reviewed by The New York Times. The authors of the report allege that the detainees, including at least 1,000 civilians later released without charge, were held at three military sites inside Israel. The report said the detainees included males and females whose ages ranged from 6 to 82. Some, the report said, died in detention. The document includes accounts from detainees who said they were beaten, stripped, robbed, blindfolded, sexually abused and denied access to lawyers and doctors, often for more than a month.
Persons: Israel, Gazans Organizations: United Nations, The New York Times, UNRWA Locations: Israel
With Apple reportedly out of the electric car game and Tesla losing market share in some Chinese cities, the best EV stock plays are arguably now all based in China. Li Auto 's market share waned, and Morgan Stanley analysts are watching whether there will be a boost from new models. "Following our upgrade earlier this month, Li Auto delivered impressive earnings/guidance, further cementing its position as a top-tier China OEM," Deutsche Bank analysts said in a late February report. Li Auto management said they expect gross margin to fluctuate between 10% and 25%, but generally remain above 20%. But even with its premium pricing the company isn't immune from intense competition in China's electric car market.
Persons: Morgan Stanley, Nio, BYD, Li Auto, Li, Li Auto's, Weibing Lu, Xi Jinping, — CNBC's Michael Bloom Organizations: Apple, Friday, China, Deutsche Bank, Li Auto, Bank of America Securities, Huawei, Forseven, CYVN Holdings Locations: China, Hong Kong, Shanghai, U.S, Europe, Japan, East, Central Asia, Abu Dhabi, Norway
Trump Media & Technology Group cofounders accused the company of conspiring to dilute their shares. The lawsuit could complicate an upcoming shareholder vote on a merger that would take the company public. The bid would see Trump's company, the parent company of his social media network Truth Social, merge with blank-check company Digital World Acquisition. The suit also claims that the Trump Media board planned to give new shares to "Trump and/or his associates and children," per The Post. The two-year attempted merger between Trump Media and Digital World Acquisition Corp has faced ongoing delays, partly due to SEC investigations into potential securities violations.
Persons: Trump Media & Technology Group cofounders, Andy Litinsky, Wes Moss, , Donald Trump's, Trump, Moss, Melania Organizations: Trump Media & Technology Group, Service, United Atlantic Ventures, Washington Post, Trump, Business, Twitter, Securities and Exchange, Digital, Trump Media, UAV, SEC
Russia claims its forces captured a US-made Bradley infantry fighting vehicle (IFV). AdvertisementRussia has claimed its forces captured a US-made Bradley infantry fighting vehicle (IFV) in Ukraine — and it appears to be preparing to parade it across Russia. Russia also said in December that it had captured a Bradley IFV, Reuters reported. In one video that was circulating on social media last week, Russian soldiers appeared to conduct field testing on a captured US-made Humvee. 🇺🇦🇺🇸 Russian soldiers captured an American Humvee that was in service with the Armed Forces of Ukraine.
Persons: flaunting, , l, sid e, ure, Russ, sian, Bradley, Wes, Тоби Organizations: Bradley, Defence, Service, Ukraine —, Russian Embassy, FV, kr Locations: Russia, Ukrainian, Ukraine, Russian, South Africa, Moscow
CNN —Global carbon pollution from energy hit a record high last year, driven partly by increased fossil fuel use in countries where droughts restricted hydropower production, according to an International Energy Agency (IEA) report published Thursday. Global emissions from energy rose by 410 million metric tons, or 1.1%, in 2023 to 37.4 billion metric tons, the IEA analysis showed. “Without this effect, emissions from the global electricity sector would have fallen in 2023,” the IEA said. In China, emissions from energy rose by 5.2%, with energy demand growing as the country recovered from COVID-19-related lockdowns, the report said. China, however, also contributed around 60% of global additions of solar, wind power and electric vehicles in 2023, the IEA said.
Organizations: CNN, International Energy Agency, Energy, European Union Locations: Paris, United States, China, COVID
Read previewBoeing could face criminal prosecution after the Justice Department reviews whether the Alaska Airlines blowout breaches the terms of a key agreement, Bloomberg reported, citing a person familiar with the matter. This story is available exclusively to Business Insider subscribers. The deferred prosecution agreement expired two days after the Alaska Airlines blowout, the Bloomberg report said. AdvertisementIf the DoJ finds that the blowout breaches the settlement, Boeing could face criminal liability, the source told Bloomberg. The DoJ did not immediately respond to a request for comment from Business Insider, which was sent outside US working hours.
Persons: , Max, David Burns Organizations: Service, Department, Alaska Airlines, Bloomberg, Business, Boeing, Federal Aviation Administration, DoJ, MCAS, FAA, National Transportation Safety
During 2022-2023, ocean carriers used some of those reserves for their own buying sprees to expand their footprints. While adding to the ocean carrier bunker fuel costs, they are being compensated.. "The Red Sea diversions are a good thing for ocean carriers. The big question mark is the duration of the diversions and the surcharges the ocean carriers can charge. Those two regions have steadily taken market share away from the West Coast ports, with shippers also benefitting from investments in ports infrastructure. "The West Coast ports have strengthened infrastructure," Iampieri said.
Persons: Marc Iampieri, Cash, Iampieri, Jeff Bezos, It's, Paul Brashier, Brashier, AlixPartners Organizations: Bloomberg, Getty, Dow Jones Transportation, Fortune, Convoy, Amazon, Technology, Ocean, Maersk, CNBC, ITS Logistics Locations: Panama, Red, East Coast, AlixPartners, Flexport, Europe, North America, Asia, West Coast, East, Gulf, Mexico, West, Los Angeles, Long
Tim Cook has tried to reassure shareholders the company is committed to AI innovation. A shareholder told The Wall Street Journal Apple hadn't made a "big splash," in the space, however. AdvertisementApple is moving more slowly on developing generative AI products than some of its Big Tech peers, leaving investors wondering when, or if, it will go all in on the technology. AdvertisementApple's CEO Tim Cook has been eager to reassure shareholders that the company is big on AI, however. At the Wednesday meeting, Apple shareholders also voted down a request for an AI transparency report.
Persons: Tim Cook, Apple hadn't, , Brian Mulberry, Cook, David Wagner Organizations: Apple, Wall Street, Service, Big Tech, Zacks Investment Management, Wall Street Journal, Google, Microsoft, Reuters, Aptus Capital Advisors, Business, Bloomberg
However, over the next twenty years, Millennials are poised to inherit some $90 trillion of assets and become the richest generation in history – but only the ones who already come from affluent families, potentially deepening wealth inequality further. Between now and 2044 in the US, the Silent Generation and Baby Boomers are expected to hand over the reins of their significant wealth to Millennials, according to The Wealth Report, a periodic report from global property consultant Knight Frank. But whether you’re a Millennial on the receiving end of that wealth transfer is largely a lottery of birth. Looking ahead, the number of supremely wealth people is expected to increase by 28% over the next five years, according to the report. More growth in ultra-high-net-worth individuals is expected in Asia, including India, China, Malaysia and Indonesia, the report said.
Persons: Millennials, Knight Frank, Liam Bailey, ” Mike Pickett, Z, ” Pickett, , , Bailey Organizations: DC CNN, Boomers, Cazenove Locations: Washington, North America, Africa, America, Asia, India, China, Malaysia, Indonesia
Homebuyers need to earn 80% more than they did pre-COVID to comfortably afford a house in the current market, Zillow found. "The math has changed for hopeful buyers, who are more often partnering with friends and family or 'house hacking' their way to homeownership," a Zillow analyst wrote. NEW LOOK 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 . According to a new report from Zillow, homebuyers today need to make north of $106,000 to comfortably afford a house in this market.
Persons: Zillow, haven't, Organizations: Service, Business Locations: Zillow
Thousands of student-loan borrowers are still waiting for relief under the Sweet v. Cardona settlement. The Justice Department said the delays could be a result of complex loan histories that take time for servicers to process. President Joe Biden's Justice Department has some reasons why the process has been so delayed. "Receiving settlement relief in a timely and predictable manner is a matter of urgency for Class Members," the letter said. It also said in a recent report that it "will continue to work on improving that process and on verifying the status of Class Members' relief."
Persons: , Joe Biden's, Cardona, Donald Trump, hasn't Organizations: Justice Department, Service, Department, Trump, Lending, Education Department, The Education Department, guaranty Locations: Cardona
Americans need a minimum net worth of $5.8 million to be in the top 1% of US wealth. The number of ultra-high net worth individuals globally is expected to surge by 28% by 2028. AdvertisementAmericans need at least $5.8 million in net worth to be in the top 1% of wealth in their country — less than half of the 1% cutoff for Monaco. Wealth as measured by Knight Frank includes investments, cash, and assets such as residences. In 2022, the median net worth for the top 10th percentile was $2.56 million, whereas net worth was just $14,000 for those in the bottom 20th percentile.
Persons: , Knight Frank, Liam Bailey, Frank, Bailey Organizations: Service, Monaco, US, Federal Reserve's Survey, Consumer Finances, Bank Locations: Monaco, Luxembourg, Switzerland, North America, India, China
Recent changes to Medicaid programs, aimed at closing a health coverage gap in the U.S., have left behind some Americans — particularly people of color. But as the global health crisis waned and Medicaid coverage expansions faced delays in some states, insured rates fell and Black Americans remained disproportionately uninsured compared with white Americans, according to KFF, formerly known as Kaiser Permanente. In 2022, 10% of Black Americans were uninsured, compared with 6.6% of white Americans. In states that don't offer Medicaid expansion, 13.3% of non-elderly Black Americans are uninsured, according to KFF, compared with 7.3% of that population in states that have already adopted the expansion. Most of the patients at WOH are Black and are covered under Medicaid, according to the company.
Persons: , Jenn Wagner, Samantha Artiga, Wagner, they're, Robert Phillips, WOH, Phillips Organizations: KFF, Affordable, Permanente, Budget, U.S . Bureau of Labor Statistics, Health, West Oakland Health, East Locations: U.S, East Bay Area, California, WOH
The American blockchain analysis firm's "2024 Crypto Crime Report" found that $24.2 billion of illicit cryptocurrency was transferred in 2023, based on already identified illicit crypto wallets. Chainalysis retroactively updates its yearly crypto figures when new illicit wallets come to light. watch nowCrypto to avert sanctionsEntities like the crypto "mixer" Tornado Cash and Garantex took the lion's share of illicit funds in 2023. The amount of crypto transferred to sanctioned entities has climbed in recent years in tandem with a greater share of new trade restrictions specifying crypto wallets. Terrorist financingIllicit crypto volume identified by Chainalysis as terrorist financing accounted for a much smaller proportion than that of transactions to sanctioned entities in 2022.
Persons: Andrea Gacki, cryptocurrency, Chainalysis, Andrew Fierman, Garantex, Tornado Cash, Lazarus, Lazarus Group ., Sinbad.io, Chanalysis's Fierman, Tawfiq Muhammad Said Al, Law's, Hayat Tahrir Organizations: Foreign Assets, U.S . Department of, Treasury, Bloomberg, Getty, Hezbollah, CNBC, Tornado, Lazarus Group, U.S . Office, Foreign, Lazarus, National Bureau for, Iran's Quds Force, Al, ISIS, Hayat Locations: New York, Korean, Chainalysis, China, Latin America, North Korea, Iran, Iran's Quds, Syria, cryptocurrency
David Mitchener, 89, had been taking vitamin D supplements for at least nine months before he died. Complications related to excess vitamin D and calcium led to him having liver and heart failure. AdvertisementA man who had been taking vitamin D supplements for at least nine months died of a condition linked to excessive levels in the blood. When doctors tested Mitchener's vitamin D levels, the results showed they were at the maximum level recordable by the lab, the report said. For people aged 14 to 70, the recommended daily dose of vitamin D is 15 micrograms or 600 International Units (IU).
Persons: David Mitchener, , Michener, Jonathan Stevens, Stevens Organizations: Service, National Institutes of Health
The average number of deaths related to excessive alcohol use increased more than 29% from 2016-17 to 2020-21, said the report, published Thursday. Drinking excessively can lead to deaths directly related to alcohol, such as alcoholic liver disease, alcohol poisoning, suicide by excessive alcohol use, crashes and falls, and fetal alcohol syndrome, among others. For the past two decades, deaths from excessive alcohol use have been increasing in the United States, the CDC said. “We know that there’s a lot of evidence about what works to prevent excessive drinking, and to reduce alcohol-related harm. While the new study focused on excessive alcohol use, it isn’t measuring the harms of all levels of alcohol use.
Persons: , Marissa B, Dr, Sanjay Gupta, , ” Esser Organizations: CNN, US Centers for Disease Control, CDC, Canadian Institute for Substance, CDC’s National, CNN Health Locations: TikTok, United States
Read preview404 Media reported that Auttomatic, the company that owns WordPress and Tumblr, is making a deal to provide data from their sites to help train OpenAI and Midjourney. The blog post says that Auttomatic's sites currently block AI crawlers, but when they start sharing data with the AI companies, they'll offer an opt-out from doing so in the future. Reddit has a $60 million-a-year deal to license its data to Google to train its AI. This can be controversial for some users, who feel uncomfortable about their content — on Tumblr, this is often personal writing or photography or art — being used to train AI. When platforms with user-generated content are selling that content to train AI, it feels, well, understandably weird.
Persons: , Auttomatic, Sherlock Holmes fanfiction, Sherlock, Watson, Reddit, I'm, Midjourney Organizations: Service, Business, Google, Facebook
The world was quite different when Apple quietly started its electric vehicle project in 2014. Having launched its Vision Pro mixed reality headset this month, the company has already committed itself to scaling and commercializing a technology that presents an entirely new business area. Tim Cook and Apple Vision Pro. AdvertisementThat's particularly so as competitors like Mark Zuckerberg post public teardowns of Apple's foray into mixed reality — a technology far from hitting mainstream appeal. AI and mixed reality are plenty to keep it busy for now.
Persons: Apple, Jeff Williams, Kevin Lynch, Tim Cook, Justin Sullivan, Mark Zuckerberg, Sir James Organizations: Apple, Business, Bloomberg, Apple Vision, Big Tech, Meta, Google Locations: China
Declining boomer ownership will free up 9.2 million homes by 2035, a Freddie Mac report found. The 32 million homes owned by boomers will drop to 23 million by 2035, when the oldest members of the group are pushing 90. A new report from Freddie Mac estimates that declining homeownership for the group will free up 9.2 million homes by 2035. The generation accounts for about 21% of the total US population, but they own 38% of American homes, Freddie Mac found. The 32 million homes owned by the generation as of 2022 will drop to 23 million in 2035, when the oldest boomers will be close to 90 years old.
Persons: Freddie Mac, , Meredith Whitney Organizations: Service, American Consumer Survey
It's something that has appeared in fiction writing on imagined future wars but is also being looked at right now. AI "can shape the wargames and actually the whole future of war," Yasir Atalan, an associate data fellow at the Center for Strategic and International Studies, told Business Insider. In February 2023, for instance, the US military let AI successfully pilot a fighter jet and engage in simulated air-to-air combat. Wargaming expert Ivanka Barzashka has also raised concerns that AI may obscure explanations for actions, potentially leading to faulty conclusions. "When people are using these LLMs in their approach, they need to be transparent, they need to show their prompting," Atalan said.
Persons: , Yasir Atalan, Thomas Mort, CSIS's Benjamin Jensen, Dan Tadross, Atalan, Cpl, Yvonna, Alan Turing, Barzashka, Javier Chagoya, it's Organizations: Service, Business, Center for Strategic, International Studies, Naval Postgraduate School, Mobile Education Team, US, CSIS, US Marine Corps, 22nd Marine Expeditionary Unit, RAND, The, Atomic Scientists Locations: Wiesbaden, Germany, London, warfighting
But that’s not an accident,” Max Levchin, Affirm’s CEO and a co-founder of PayPal, told CNN in a recent interview. Levchin credits a willingness to say a two-letter word, one that’s not exactly associated with the surging BNPL industry, N-O. It’s that we are honest when we tell them, ‘Hey, we don’t think you should borrow right now.’”Affirm started saying “no” more often in the spring of 2022. That’s when Levchin started observing signs of “financial stress” as inflation surged and gas prices approached record highs. “Say you’re asking to borrow to buy an $800 TV and we really don’t think it’s healthy for you, financially…We can say, ‘That’s too much now.
Persons: “ We’re, that’s, ” Max Levchin, Levchin, “ It’s, ’ ”, , , Max Levchin, Gross, we’ll, ” Levchin, it’s, BNPL, There’s Organizations: New, New York CNN, PayPal, CNN, New York Fed, Target, Walmart, Royal, American Airlines, NY Fed, Federal Reserve, Biden, Trump Locations: New York, Helsinki, Finland, Royal Caribbean, Covid
Canada's largest pension fund sold a stake in a New York building for $1. The Canada Pension Plan Investment Board did not immediately respond to Business Insider's request for comment. The Canada Pension Plan Investment Board operates a $436.9 billion fund, with a global real estate portfolio worth roughly $30.6 billion. According to the Bloomberg report, the pension isn't backing out entirely from the office real estate sector, but it's also limiting its holdings in the space. Economists at Moody's, too, expect more pain ahead for commercial real estate.
Persons: , it's, Goldman Sachs, Moody's Organizations: Service, Pension Plan Investment Board, Bloomberg, Pension Plan Investment, Boston Properties, Santa, Santa Monica Business Park, Bank, New York Community Bank Locations: New York, Canada, Santa Monica, Silicon, Moody's
Total: 25