DIRS.INFO The most relevant business & tech news

☆ An Alaska Airlines passenger stabbed an off-duty law enforcement officer with an improvised weapon made from pens, affidavit says
▼ + stars: | 2024-02-23 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

A man stabbed a fellow passenger with several pens bundled together, an affidavit says. It adds that Julio Alvarez Lopez told FBI agents he believed he was being followed by the mafia. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAn Alaska Airlines passenger stabbed an off-duty law enforcement officer with an improvised weapon, an FBI agent's affidavit says. The affidavit says Lopez admitted he made the weapon before the flight, by bundling pens together with a rubber band.

Persons: Julio Alvarez Lopez, —, Lopez Organizations: FBI, Service, Alaska Airlines, Business Locations: Nevada

CNN —An Alaska Airlines passenger accused of attacking another traveler with pens wrapped in rubber bands in late January has been charged in federal court with assault with a dangerous weapon, according to court documents filed in the US District Court of Nevada on Wednesday. Lopez is scheduled to be arraigned in federal court in Las Vegas on March 1, court documents said. The other passenger, who was seated across the aisle from Lopez, is a sworn law enforcement officer, court documents say. He also said that he felt the mafia had been chasing him for months, court documents said. One witness described Lopez as “fidgety” and said he was putting on and taking off gloves during the flight, court documents said.

Persons: Julio Alvarez Lopez, Lopez, “, ”, Aden Kahssai, “ We’re Organizations: CNN, An Alaska Airlines, Court, Las Vegas Metropolitan Police Department, FBI, Alaska Airlines, Federal Aviation Administration Locations: Nevada, Seattle, Las Vegas, Lopez, Aden

CNN —The Biden administration will impose a fresh slate of sanctions on more than 500 targets on Friday in response to the death of opposition figure Alexey Navalny and on the eve of Russia’s two-year war in Ukraine, according to a Treasury official. The sanctions mark the latest move by the administration to levy consequences against Russia amid heightened tensions between the two countries. While those sanctions have hampered Russia’s economy, they haven’t deterred Putin from proceeding with the invasion. The US, along with other Western governments, has levied a series of sanctions against Russia in recent years, but Russia has adapted to them. Putin has taken to gloating about Russia’s resistance to international sanctions, which take time to have an effect.

Persons: CNN —, Biden, Alexey Navalny, Jake Sullivan, Joe Biden, Vladimir Putin, Navalny’s, Putin, “, ” Biden, Sullivan Organizations: CNN, Treasury, Wednesday, Russia, US, Reuters Locations: Ukraine, Russia, San Francisco, United States, Moscow

☆ Biden meets with Yulia and Dasha Navalnaya in California
▼ + stars: | 2024-02-22 | by ( Kevin Liptak | Michael Williams | ) edition.cnn.com time to read: +5 min

After the meeting, Biden said Russian President Vladimir Putin himself will be sanctioned. The meeting occurred in California, where Biden is traveling for political fundraisers. Shortly after Navalny’s death was reported, Biden placed the blame directly at Putin’s feet. And it just cannot be tolerated.”Biden has also sharply criticized the response to Navalny’s death from his likely 2024 rival, former President Donald Trump. A medical report attributed the cause of 47-year-old Navalny’s death to natural causes, Navalny’s spokesperson, Kira Yarmysh, said on X.

Persons: Joe Biden, Alexey Navalny, Biden, Vladimir Putin, “, ” Biden, Putin, ” “ We’re, ”, Dasha, Biden “, Aleksey Navalny’s, ” Biden “, Yulia, Dasha Navalnaya, Navalny, Donald Trump, Trump, Navanly, Navalny “, Lyudmila Navalnaya, Kira Yarmysh, CNN’s Sam Fossum, Priscilla Alvarez Organizations: CNN, Russia, Stanford University, Treasury, US, Reuters, Putin, NATO, ”, IK Locations: California, Russia, Ukraine, ”, United States, Soviet, Germany, Kharp

☆ Biden considering executive action to close southern border, sources say
▼ + stars: | 2024-02-21 | by ( Priscilla Alvarez | Mj Lee | ) edition.cnn.com time to read: +4 min

It’s unclear how the proclamation under discussion would be executed and what, if anything, would be different from what was enacted during the Trump administration. Trump tried to close the US southern border to asylum seekers crossing the border unlawfully while in office, invoking provisions in immigration law, but was blocked by the courts. It’s likely to face legal challenges if the White House were to move forward with it. Administration officials, facing dwindling border security funds, have also discussed whether declaring a national emergency could shore up funds, two sources said. The White House supplemental request includes $14 billion in border security but remains stalled in Congress.

Persons: Donald Trump, Joe Biden, Republicans —, Trump, Angelo Fernández Hernández, “, Johnson, Biden, –, ” Biden, Trump –, ” Stephen Yale Organizations: CNN, Republicans, House Republicans, Administration, White Locations: Mexico, United States

CNN —President Joe Biden, in a call Saturday with Ukrainian President Volodymyr Zelensky, directly tied Ukraine’s withdrawal from the key town of Avdiivka to Congress’ inability to pass further aid for the country’s effort to fend off Russia’s invasion. “This morning, Ukraine’s military was forced to withdraw from Avdiivka after Ukrainian soldiers had to ration ammunition due to dwindling supplies as a result of congressional inaction, resulting in Russia’s first notable gains in months. President Biden emphasized the need for Congress to urgently pass the national security supplemental funding bill to resupply Ukrainian forces,” according to a White House readout of the call. Earlier this week, the Senate passed with bipartisan support a $95.3 billion foreign aid bill, which includes $60 billion to support Ukraine. The withdrawal from Avdiivka marks the biggest gain for Moscow since it captured the city of Bakhmut last year.

Persons: Joe Biden, Volodymyr Zelensky, Russia’s, Biden, Alexey Navalny’s, Mike Johnson, Adrienne Watson, Kamala Harris, Zelensky, Harris, ” Harris, ”, ” Zelensky, “ Hatred, ” Biden, it’s, they’re Organizations: CNN, Ukraine, National Security, Munich, Representatives, White, Moscow Locations: Avdiivka, Ukraine, Germany, United States, Russia, Bakhmut

☆ People are moving out of cities with poor air quality — but many end up facing other climate risks
▼ + stars: | 2024-02-16 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

Much of the Sunbelt "has [a] low air-quality risk but it has high heat risk, high flood risk, high wind risk from things like hurricanes," she said. When looking at moving trends within counties and cities from 2000 to 2020 paired with flood risks, researchers at First Street Foundation noticed clear signals of people moving away from areas exposed to flooding. Additionally, more than 3.2 million (35.5%) of those residents said they left specifically because of the flood risk. 'I personally was impacted by air quality'Over 85% of homes in 13 major cities are highly exposed to poor air quality; nine are in California and the rest are spread out in Washington, Oregon and Idaho, Redfin found. "I personally was impacted by air quality," Fairweather said.

Persons: Eduardo Munoz Alvarez, Fairweather, We're, Jeremy Porter, Porter, Redfin Organizations: Getty, First Street Foundation, CNBC, riskier metros Locations: West Coast, Sunbelt, Arizona , Florida , Nevada , North Carolina, South Carolina , Texas, Tennessee, New York, U.S, California, Washington , Oregon, Idaho, Seattle, Wisconsin, riskier

☆ ICE draft plan would release thousands of immigrants in order to cover budget shortfall
▼ + stars: | 2024-02-14 | by ( Priscilla Alvarez | ) edition.cnn.com time to read: +4 min

Washington CNN —Immigration and Customs Enforcement has drafted contingency plans to cut detention capacity and release thousands of immigrants as a result, according to a source familiar with the plan. The draft plan comes as ICE faces a dire budget shortfall amid stalled congressional action on the White House supplemental request. President Joe Biden has repeatedly implored Congress to give him more resources to deal with the situation at the US-Mexico border, assigning blame on Republicans for not doing more. Over recent years, ICE has assisted Customs and Border Protection in its border mission as that agency is also overwhelmed. Homeland Security officials have attributed the decline to ongoing high-level talks between the US and Mexico, which has doubled down on enforcement, but caution that encounters historically drop in January before ticking up again.

Persons: Joe Biden, Mayorkas, ” Biden, Alejandro Mayorkas, Troy Miller Organizations: Washington CNN — Immigration, Enforcement, ICE, White, Department of Homeland Security, GOP, impeaching, DHS –, The Washington Post, Administration, Homeland Security, CBP, Protection, Coast Guard, Transportation Security Administration, US Border Patrol, DHS Locations: Mexico, Congress, Venezuela

☆ We see polarization of debt levels amongst Indonesia's listed companies: Expert
▼ + stars: | 2024-02-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe see polarization of debt levels amongst Indonesia's listed companies: ExpertAlessandro Gazzini from Alvarez & Marsal says close to 15% of listed companies in Jakarta are actually not in good financial health due to overextended debt load, but the healthy ones are getting even healthier.

Persons: Alessandro Gazzini, Marsal Organizations: Alvarez Locations: Jakarta

The vast majority — nearly $40 million — went to law firms working on his personal legal problems. But significant portions of their donations went to law firms defending Trump in civil cases involving his real-estate empire and its top executives, including Donald Trump Jr., Eric Trump, and Ivanka Trump. Only about $861,000 was spent on law firms working exclusively on political issues. Where there were gaps, we contacted law firms and individual lawyers who received money from the PACs. In 2021 and 2022 combined, Trump spent $16 million on legal fees through the Save America PAC.

Persons: Donald Trump, Trump, —, MAGA, Trump's, Donald Trump Jr, Eric Trump, Ivanka Trump, Stormy Daniels, Jean Carroll, Robert, Clifford S, Michael Cohen, — Troutman Pepper Hamilton Sanders, Kellogg, Hansen, Todd, Figel, Frederick —, Madaio, Alina Habba, Michael Madaio, Hillary Clinton, James Comey, Mary Trump, general's, Carroll, Trump —, Joe Tacopina, Chad Seigel, Christopher Kise, Jesus M, Suarez, Eli Bartov, Bryan Woolston, Silverman Thompson Slutkin, White, Evan Corcoran, Todd Blanche, Cadwalader, Taft, Blanche, Attorney Alvin Bragg's, Daniels, Susan Necheles, John Lauro, who's, Steven H, Drew Findling, Jennifer Little, Jesse R, it's, Jim, John Rowley, Eduardo Munoz Alvarez, Allen Weisselberg, Weisselberg, perjured, ArentFox Schiff, Jeff McConney, Stanley Woodward, Stanley Brand, Carlos de Oliveira, John S, Irving of, Boris Epshteyn, Kenneth Chesebro, Troutman Pepper, Ivanka, Newsmax, Harmeet, Dhillon, Bradley T, Morvillo Abramowitz, David Pecker, Elkan Abramowitz, Greenberg Traurig, Ballard Spahr, Mintz, Levin, Cohn, Ferris, Corey Lewandowski, Robert Mueller's, Jones, Andrew Kelly, It's, Forbes, defaming Carroll, he's Organizations: Service, Trump, Save America PAC, Make, Trump Organization, Politico, Reuters, New, Associates, Democratic National Committee, The New York Times, Times, Continental LLP, Inc, AP, Attorney, Capitol, Law, Taft, Brand Woodward Law, Irving of Earth & Water Law, Ivanka Trump, Republican National Committee, Save, MAGA, Curve Solutions, National Enquirer, Republican, MAGA PAC, Bloomberg Locations: New York, Georgia, Carroll, Manhattan, Florida, York, Washington, DC, Wickersham, Attorney Alvin Bragg's Manhattan, Fulton County , Georgia, codefendants, MAGAworld, Robert Mueller's Russia

☆ Biden and Jordanian king look to move Israel-Hamas war to a new phase
▼ + stars: | 2024-02-12 | by ( Michael Williams | ) edition.cnn.com time to read: +7 min

Washington CNN —President Joe Biden and King Abdullah II of Jordan met Monday aiming to figure out how to move the Israel-Hamas war into a new phase in which Israeli hostages are released and fighting stops for a prolonged period of time. “The key elements of the deal are on the table,” Biden said while addressing reporters alongside the king at the White House. “We cannot stand by and let this continue,” the Jordanian king told reporters. The president’s supporters have frequently pointed to the Israel-Hamas war as evidence of Biden’s mental faculties being in good shape. The Jordanian and Egyptian governments have called for a ceasefire in Gaza, while Biden has resisted making a similar call.

Persons: Joe Biden, King Abdullah II, Jordan, ” Biden, I’ve, “, Biden, Abdullah, ”, ” Abdullah, Robert Hur’s, Biden’s amped, King Abdullah, Kamala Harris, Hur, ” Harris, Daniel Goldman, Benjamin Netanyahu, Netanyahu, Antony Blinken, Blinken, CNN’s MJ Lee, Priscilla Alvarez, Betsy Klein, Kevin Liptak Organizations: Washington CNN, White, United Nations Relief, Works Agency for Palestine Refugees, United Nations, Wing, Biden, Democratic, Hamas, Palestinian Authority, Ahli Baptist Hospital, Israeli, US, CNN Locations: Israel, United States, Gaza, Rafah, Jordanian, “, New York, Jordan, Egypt, Amman, Gaza’s Al, Ahli, Iran

CNN —US President Joe Biden and Israeli Prime Minister Benjamin Netanyahu are expected to talk on Sunday, according to a spokesman for the National Security Council. The call will focus on the hostages still held in Gaza, a source familiar with the expected conversation said. Biden and Netanyahu last spoke over the phone on January 19. Last week, Blinken also told Netanyahu and other top Israeli officials that the civilian toll in Gaza “remains too high” as violence continues in the region. And day after day, more people are killed,” Blinken said at a news conference last week after meeting with top Israeli officials.

Persons: Joe Biden, Benjamin Netanyahu, Netanyahu, it’s, ” Netanyahu, ”, ” Biden, Biden, Antony Blinken, Blinken, ” Blinken, Jennifer Hansler Organizations: CNN, Israeli, National Security Council, US, Hamas, White Locations: Gaza

☆ Trump ramps up attacks on special counsel decision not to charge Biden
▼ + stars: | 2024-02-10 | by ( Gregory Krieg | Kate Sullivan | ) edition.cnn.com time to read: +6 min

CNN —Former President Donald Trump on Saturday ramped up his criticism of special counsel Robert Hur’s decision not to charge President Joe Biden over his handling of classified documents, while repeatedly questioning his successor’s mental acuity and peddling conspiratorial claims about former President Barack Obama. In a scattershot speech to supporters in South Carolina, Trump rolled out a wave of attacks on Biden. “If Joe Biden is not fit to charge, they are not going to judge him with a crime, but it’s OK for him to become commander in chief?” Trump said. (Smith brought charges against Trump last year related to his alleged mishandling of classified documents at Mar-a-Lago after he left the White House.) “This undeniable record speaks to why it’s no surprise that Republican officials’ continue their desperate – and inadvertently self-undermining – age attacks after many years of failure: they’re afraid of Joe Biden,” Bates wrote.

Persons: Donald Trump, Robert Hur’s, Joe Biden, Barack Obama, Trump, Biden, forgetful, Hur, Obama –, ” Trump, “ Biden, he’s, ” Biden, Merrick Garland, Garland, Joe, scot, Jack Smith, Smith, ” Hur, “, Andrew Bates, Mark Milley, Kevin McCarthy –, ’, ” Bates, Bates, TJ Ducklo, ‘, ” “, CNN’s Arlette Saenz, Priscilla Alvarez Organizations: CNN, Department, DOJ, FBI, White, Republicans, Trump, Mar, National Archives, Department of Justice, Border Patrol, Biden, National Rifle Association, “, PAC, Justice Locations: South Carolina, Pennsylvania, America

☆ Terrorized by Gangs, Ecuador Embraces the Hard-Line ‘Noboa Way’
▼ + stars: | 2024-02-07 | by ( Annie Correal | Federico Rios | ) www.nytimes.com time to read: +1 min

Since Ecuador’s president declared war on gangs last month, soldiers with assault rifles have flooded the streets of Guayaquil, a sprawling Pacific Coast city that has been an epicenter of the nation’s yearslong descent into violence. They pull men from buses and cars looking for drugs, weapons and gang tattoos, and patrol roads enforcing a nighttime curfew. Yet when people see soldiers pass, many clap or give them a thumbs-up. “We applaud the iron fist, we celebrate it,” said Guayaquil’s mayor, Aquiles Álvarez. “It has helped bring peace.”In early January, Guayaquil was hit by a wave of violence that could prove to be a turning point in the country’s long-running security crisis: Gangs attacked the city after the authorities moved to take charge of Ecuador’s prisons, which gangs largely controlled.

Persons: “, ”, Aquiles Organizations: Guayaquil’s Locations: Guayaquil, Pacific Coast, Ecuador

☆ What the border security bill would and wouldn’t do
▼ + stars: | 2024-02-06 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +12 min

The border bill also comes with a big budget – including large amounts of funding for enforcement. New emergency border restrictionsWhat’s proposed: Once illegal border crossings reach a certain threshold, the Department of Homeland Security would be required to exercise a new emergency authority that bars migrants, except unaccompanied minors, from crossing the border between ports of entry. Those who lose their asylum cases in immigration court can appeal to judges on the Board of Immigration Appeals. Video Ad Feedback GOP lawmaker on border bill: This is all gamesmanship 03:56 - Source: CNNGiven the growing chorus of criticism on both sides of the aisle weighing in just a day after its release, this latest border bill may very well be as “dead on arrival” as some lawmakers have claimed. But the bill has picked up some high-profile support from the National Border Patrol Council, the union that represents Border Patrol agents and has endorsed Trump in the past.

Persons: they’ve, That’s, Joe Biden, Donald Trump, —, ”, Muzaffar Chishti, Greg Chen, Chishti, “, Guillermo Arias, What’s, ” Amy Fischer, John Moore, it’s, Biden, Obama, Andrea Flores, ” Ben Johnson, CNN’s Priscilla Alvarez, Lauren Fox, Morgan Rimmer, Ted Barrett, Clare Foran Organizations: CNN, White, Republican, Institute, American Immigration Lawyers Association, DHS, Department of Homeland Security, Federation for American Immigration Reform, Border Patrol, Getty, Citizenship, Immigration Services, Immigration, Amnesty International, Congress, National Border Patrol Council, Trump, American Locations: Ukraine, Israel, harm’s, Mexico, Jacumba , California, U.S, Rio, El Paso , Texas, Kabul, United States, DACA

☆ Nevada primaries: Biden poised for a win while Trump isn’t on the GOP ballot
▼ + stars: | 2024-02-06 | by ( Eric Bradner | ) edition.cnn.com time to read: +3 min

CNN —President Joe Biden is poised to win delegates in the Nevada presidential primary Tuesday as he marches toward the Democratic nomination. But former President Donald Trump will have to wait until Thursday, when the state Republican Party holds its caucuses. What’s clear, though, is that Biden and Trump face only nominal opposition, and both are expected to end the week winners of Nevada delegates to their parties’ nominating conventions. On the Democratic primary ballot, Biden faces nominal opposition from a dozen candidates, including author Marianne Williamson. The fractured process is the result of a 2021 state law that scrapped Nevada’s presidential caucuses in favor of government-run primaries.

Persons: Joe Biden, Donald Trump, Biden, Trump, Tuesday’s, Nevada’s, Marianne Williamson, Dean Phillips, ”, “, ” Biden, Trump loyalists —, Nikki Haley, ” Trump, CNN’s Donald Judd, Priscilla Alvarez, Ethan Cohen Organizations: CNN, Democratic, Republican Party, GOP, Minnesota, Republicans, Trump, Nevada Republican Party, Trump loyalists, Republican National Convention, South Carolina Gov Locations: Nevada, State, South Carolina, Iowa, New Hampshire, Las Vegas, America, Vegas

☆ Federal Records Show Increasing Use of Solitary Confinement for Immigrants
▼ + stars: | 2024-02-06 | by ( Emily Baumgaertner | ) www.nytimes.com time to read: +1 min

The United States government has placed detained immigrants in solitary confinement more than 14,000 times in the last five years, and the average duration is almost twice the 15-day threshold that the United Nations has said may constitute torture, according to a new analysis of federal records by researchers at Harvard and the nonprofit group Physicians for Human Rights. The report, based on government records from 2018 through 2023 and interviews with several dozen former detainees, noted cases of extreme physical, verbal and sexual abuse for immigrants held in solitary cells. The New York Times reviewed the original records cited in the report, spoke with the data analysts and interviewed former detainees to corroborate their stories. Overall, Immigration and Customs Enforcement is detaining more than 38,000 people — up from about 15,000 at the start of the Biden administration in January 2021, according to an independent tracking system maintained by Syracuse University. A growing proportion of detainees are being held in private prison facilities with little means of accountability, and preliminary data from 2023 suggests a “marked increase” in the use of solitary confinement, according to the report.

Persons: Biden, Mike Alvarez Organizations: United, United Nations, Harvard, Physicians for Human Rights, New York Times, Syracuse University, ICE, Homeland Locations: United States

CNN —President Joe Biden would veto a proposed standalone aid package for Israel, the White House said Monday, as House Republicans look to tank a long-awaited bipartisan Senate border deal that would include aid to US allies. “Instead of working in good faith to address the most pressing national security challenges, this bill is another cynical political maneuver.”“The security of Israel should be sacred, not a political game,” the statement continued. CNN previously reported that Johnson was planning to move a $17.6 billion Israel bill with no offsets, upping pressure on Democrats to support it, but it has run into some headwinds on the right and the left. And the idea that Joe Biden would suggest that he would not send a clean funding measure to assist them is just outrageous. Johnson last week called on the Senate to swiftly take up the Israel bill, ratcheting up pressure on senators to abandon their efforts to keep Israel aid linked with other issues.

Persons: Joe Biden, Mike Johnson, Donald Trump, Johnson, CNN’s Manu Raju Monday, Israel, –, Vladimir, ” CNN’s Morgan Rimmer, Clare Foran, Lauren Fox, Ted Barrett, Priscilla Alvarez, Kristin Wilson Organizations: CNN, Republicans, White, House Republicans, Senate Locations: Israel, Ukraine

☆ Fact check: Trump makes false claims about Iraq, Iran and Nikki Haley in new Fox interview
▼ + stars: | 2024-02-04 | by ( Daniel Dale | ) edition.cnn.com time to read: +9 min

Remember I used to say: ‘Don’t do it, but if you do it, keep the oil.’”Facts First: Trump’s claim that he said “Don’t do it” is false; the claim was debunked eight years ago. In reality, Trump did not publicly express opposition to the March 2003 invasion of Iraq before it occurred. In his 2000 book, “The America We Deserve,” Trump argued a military strike on Iraq might be necessary; when radio host Howard Stern asked Trump in September 2002 whether he is “for invading Iraq,” Trump responded, “Yeah, I guess so. Trump claimed on Fox, as he has before, that Iran “called me” to let him know of its plan to deliberately miss. Trump has provided no substantiation for the claim that Iran called him to telegraph the strike and offer reassurance.

Persons: Donald Trump, Nikki Haley, Mitch McConnell, Iraq Trump, “, Trump, ” Trump, Howard Stern, George W, Bush “, Qasem, Iran “, Asad, ”, Mark Milley, Haley, aren’t, That’s, We’ll, ” Haley, Olivia Perez, Cubas, … ” Mitch McConnell, McConnell, he’s, –, ” McConnell, CNN’s Priscilla Alvarez Organizations: CNN, Republican, Fox News, Fox, Trump, Washington Post, Pentagon, ” CNN, Joint Chiefs, Staff, Post, New, Green, Green New, Deal, Democratic, US Customs Locations: Iraq, Here’s, Iran, Iranian, New Hampshire, New, Indiana, Great, “

The border deal has placed one of the most vexing political issues at the center of President Joe Biden’s foreign policy agenda and forced him to take a tougher stance on an issue that has been a liability ahead of November. But former President Donald Trump and Johnson have attacked the border deal as too weak, and their opposition threatens to derail the legislation. “Let me be clear: The Senate Border Bill will NOT receive a vote in the House,” the Louisiana Republican wrote on X. Johnson announced Saturday that the House will vote this week on a standalone bill providing aid for Israel. It’s unclear whether a foreign aid package would be able to pass on its own as many Senate Republicans have demanded tighter border security in exchange for aid to those allies.

Persons: Mike Johnson, hasn’t, Joe Biden’s, Democratic Sen, Chris Murphy of, Sen, Kyrsten, James Lankford of, Donald Trump, Johnson, ” Johnson, Steve Scalise, Bill, Biden, Trump, Marsha Blackburn of, Mike Lee of, Mitch McConnell, Lankford “, Chuck Schumer, McConnell, John Thune, “, ” Thune, CNN’s Manu Raju, Thune, “ It’s, ”, doesn’t, Greg Abbott, ” Abbott, What’s, Sinema, Lankford, Morgan Rimmer, Melanie Zanona, Sara Smart, Rosa Flores, Sara Weisfeldt Organizations: CNN, Senators, Israel, West Bank, Democratic, Senate Republicans, Louisiana Republican, Senate, Republicans, New, New York Democrat, GOP, Texas Gov, Texas, Department of Homeland Security, DHS, CBS, Trump Locations: Ukraine, Israel, Russia, Gaza, Mexico, Chris Murphy of Connecticut, Arizona, James Lankford of Oklahoma, ”, Louisiana, Taiwan, Marsha Blackburn of Tennessee, Mike Lee of Utah, New York, United States, Eagle

☆ What the collapse of a company owing $300 billion means for the world
▼ + stars: | 2024-02-03 | by ( Huileng Tan | ) www.businessinsider.com time to read: +8 min

AdvertisementImportantly, since the court order was made in Hong Kong, it's also unclear if mainland authorities will recognize and comply with the order. However, the company owes about $300 billion — a big shortfall, and there's a clear order of priority when it comes to repayments. How will the Evergrande collapse impact sentiment in China's economy and markets? Notably, the stock market sell-off came before Evergrande's liquidation order. Hong Kong's Hang Seng index ended up slightly higher the day the court order was made.

Persons: —, Kyle Rodda, Rodda, Alvarez, Marsal, Evergrande, it's, Baker McKenzie, Daniel Margulies, Margulies, Andrew Collier Organizations: Service, Business, Hong Kong Stock Exchange, Reuters, Deloitte, CSI, Orient Capital Research Locations: Hong Kong, China, Beijing, Asia

In this audio essay, the columnist Thomas L. Friedman proposes a three-pronged strategy for the president to address the widening crisis in the Middle East, which he calls the “Biden Doctrine.” The approach would focus on retaliating against Iran’s proxies in the region and supporting a Palestinian state. If successful, Friedman believes this plan could lead to the creation of a “credible, legitimate, effective, demilitarized Palestinian state that can live in peace and security with Israel.”(A full transcript of this audio essay will be available midday on the Times website.)

Persons: Thomas L, Friedman, Biden, ” Organizations: Israel, Times Locations: Palestinian

☆ Evergrande liquidation: Here’s what may happen next
▼ + stars: | 2024-01-31 | by ( Laura He | ) edition.cnn.com time to read: +9 min

But there is still little clarity over how the liquidation of Evergrande will unfold. That’s because the legal systems of Hong Kong and China remain distinct, despite Beijing’s growing control over the former British colony in recent years. No Chinese company as huge as Evergrande — which was once China’s second largest developer— has been wound up by a Hong Kong court. Hui Ka Yan, chairman of property developer China Evergrande. Since then, Evergrande has been building and selling apartments in mainland China, even though it has been unable to repay its debts.

Persons: Alvarez, Marsal, —, ”, John Bringardner, Hong, Hui Ka Yan, Xu Jiayin, Hui, Xiao En, Bobby Yip, Xiao, Evergrande, Florence Lo, homebuyers, Will, Andy Wong, Diana Choyleva, Xiao Yuanqi, ” Bringardner, ” Choyleva, Choyleva, “ Evergrande Organizations: Hong Kong CNN, Shimao, Kaisa Holdings, Group, “, Real, Century Business Herald, China Index Academy, Enodo, Communist Party, China’s, Financial Regulatory Administration, Getty, People’s Bank of China, Finance Ministry, Evergrande, Marsal Locations: Hong Kong, United States, China, British, New York, China . Hong Kong, Shenzhen —, Asia, Florence, Beijing, Real, Hainan

☆ Beijing is unlikely to rescue Evergrande's offshore creditors because it could make things worse at home
▼ + stars: | 2024-01-30 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Read previewOn Monday, Chinese real-estate giant Evergrande was ordered by a Hong Kong court to liquidate after two years in a debt crisis. The court has appointed Alvarez and Marsal as liquidator to manage the company, Evergrande said in a filing to the Hong Kong Stock Exchange. So, protecting Evergrande's offshore investors probably isn't in Beijing's favor, because it could spur further speculation in the market, Møller added. Offshore creditors are owed $25 billion, the Hong Kong court document showed, per CNN. This is because liquidators appointed by Hong Kong's courts are unlikely to have much power over Evergrande's mainland assets, Hong added.

Persons: —, Evergrande, Alvarez, Marsal, Emil Møller, Møller, there's, Xi Jinping's, Fern Wang, Wang, Hao Hong, liquidators, Hong, Siu Shawn Organizations: Service, Business, Hong Kong Stock Exchange, Steno Research, Lombard, KT Capital Group, CNN, Grow Investment, China Evergrande Group, Reuters, Century Business Herald, Hengda Real Locations: Hong Kong, Beijing, China, Denmark, Beijing's, homebuyers, Swiss, People's Republic of China, Hengda

☆ China Evergrande Must Be Liquidated, a Judge Said. What Happens Next?
▼ + stars: | 2024-01-29 | by ( Alexandra Stevenson | ) www.nytimes.com time to read: +1 min

After nearly two years of false starts, last-ditch proposals and pleas for more time, China Evergrande, a massive property company, has been ordered to dismantle itself. The worries in real estate, where most households put their savings, helped tip the economy into a downturn. The Evergrande bankruptcy will play out in Hong Kong and China. A Hong Kong judge, Linda Chan, on Monday ordered Evergrande’s liquidation and appointed Alvarez & Marsal, a firm that specializes in bankruptcy cases, to manage the unwinding. The firm’s role will be to help creditors — particularly overseas investors who made loans to Evergrande — get some of their money back.

Persons: Lehman, Linda Chan, Alvarez, —, Marsal Organizations: Lehman Brothers, U.S ., Hong, Marsal, Court, Alvarez Locations: China, U.S, Hong Kong, Beijing

Search resuls for: "Alvarez"

25 mentions found