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The Israeli military told CNN it does not comment on foreign reports. CNN cannot verify the Times’ report, nor independently verify the claims from Iran, Syria and Israel. Increasing pressureAs the Middle East braces for a potential Iranian response, Tehran is under pressure to show strength in the wake of the consulate attack while not drawing the region into a wider war. The Lebanese Shia militant group has been embroiled in daily crossfire with Israeli forces for nearly six months. However, Israeli military spokesman Hagari blamed Iran for escalating tensions in the region.

Persons: Mohammed Reza Zahedi, Mohammad Hadi Haji Rahimi, Donald Trump, IRGC, Qassem Soleimani, ”, Israel, Daniel Hagari, “, Israel’s, Syria Hossein Akbari, Nasser Kanaani, Hossein Amir, Abdollahian, d’affaires, Amir, ” Amir, Faisal Mekdad meanwhile, Houthi, Parsi, Zahedi, Bejamin Netanyahu, Hagari, I’m Organizations: CNN, Revolutionary Guards, Foreign Ministry, Israel Defense Forces, New York Times, Hamas, Ministry of Health, Zionist, Iranian Foreign Ministry, Israel, Syrian Foreign, Diplomatic Relations, US, Quincy Institute, Responsible Locations: Iran, Israel, Syria, Gaza, Damascus, Baghdad, Tehran, Lebanese, ” Iran, United States, Quds, Iranian Embassy, Iranian, Islamic Republic, Washington, Swiss, Switzerland, Syrian, Vienna, Iraq, Jordan, Red, Tel Aviv, Jerusalem, Lebanon, Yemen

☆ Global oil price hits seven-month high as Middle East tensions rise
▼ + stars: | 2024-04-02 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —The global price of oil rose Tuesday to its highest level in seven months, propelled, in part, by concerns that mounting tensions in the Middle East could crimp supply. Brent crude, the world’s oil benchmark, climbed as much as 1.8% to $89 a barrel, the highest since early September, before paring those gains slightly mid-afternoon in Europe. Meanwhile, West Texas Intermediate crude, the US benchmark, also rose 1.8% to reach a five-month high of $85 a barrel. “You’ve got ongoing Ukrainian attacks on Russian refineries… Houthi attacks on shipping in the Red Sea,” as well as a “general sense that the Middle East is less stable than it was a year ago,” he told CNN. Geopolitical tensionsWriting about higher oil prices Tuesday, Sophie Lund-Yates, lead equity analyst at financial services company Hargreaves Lansdown, singled out escalating geopolitical tensions in the Middle East following an airstrike on Iran’s embassy in Syria Monday.

Persons: Richard Bronze, “ You’ve, ”, Sophie Lund, Yates, Hargreaves Lansdown, Israel, —, specter, Brent, Bill Weatherburn Organizations: London CNN, Brent, West, CNN, Revolutionary Guards, Organization of, Petroleum, Lund, Capital Economics Locations: Europe, West Texas, Brent, United States, Red, ”, Syria Monday, Iran, Syria, Israel, Tehran, Quds, OPEC, Iran’s, Damascus, Gaza, China

CNN —Polish Prime Minister Donald Tusk has warned that Europe is in a “pre-war era” but still has a “long way to go” before its ready to confront the threat posed by Russia. We haven’t seen a situation like this since 1945,” Tusk said in an interview with German newspaper Die Welt published Friday. Russian President Vladimir Putin has repeatedly denied that Russia intends to attack NATO countries. German Chancellor Olaf Scholz, Polish Prime Minister Donald Tusk and French President Emmanuel Macron in Berlin, Germany, March 15, 2024. Obviously, he feels the need to justify the increasingly violent attacks on civilian sites in Ukraine,” Tusk said.

Persons: Donald Tusk, ” Tusk, “, Vladimir Putin, Olaf Scholz, Emmanuel Macron, Odd Andersen, Tusk, –, ”, Joe Biden, Donald Trump, doesn’t, Putin, “ Putin Organizations: CNN, Polish, Welt, NATO, European Union, Getty, Law, Justice Party, Poland, Crocus City Hall, Dubrovka, Chechen Locations: Europe, Russia, “, ”, Ukraine, Russian, Sweden, Finland, Baltics, Estonia, Lithuania, Moldova, France, Germany, Poland, Polish, Berlin, Moscow, Crocus, Beslan

☆ Western air bases that host Ukraine's F-16s are 'legitimate' targets for Russia, says Putin
▼ + stars: | 2024-03-29 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Putin said Western air bases hosting F-16 fighter jets will be "legitimate" targets. AdvertisementRussian President Vladimir Putin warned that Western air bases hosting F-16 fighter jets for Ukraine will be "legitimate" targets for the Kremlin's forces, according to The Associated Press. The AP noted that Western air bases may be used by Ukraine when it gets the jets, because they require high-standard runways and also protective hangars. Russia has a far superior air force to Ukraine, but Ukraine has been able to deny Russia from entering its air space through its use of air defense systems. But Ukraine is warning that its air defense munitions are running out, particularly with further aid from the US blocked by House Republicans.

Persons: Putin, —, Vladimir Putin, Lockheed Martin, it's, Joakim Paasikivi Organizations: Service, Associated Press, Lockheed, US Air Force's, AP, NATO, House Republicans, Air Locations: Swedish, Ukraine, Russian, Russia, Europe

☆ Baltimore key bridge collapse: Recovery efforts continue for 6 presumed dead after Baltimore bridge collapse as investigation gets underway
▼ + stars: | 2024-03-26 | by ( Elizabeth Wolfe | Yahya Abou-Ghazala | ) edition.cnn.com time to read: +10 min

Recovery efforts are now underway for the missing people, who are presumed dead. People from El Salvador, Guatemala and Mexico among the missing: Miguel Luna, an immigrant from El Salvador, has been identified as one of the missing, according to the nonprofit Miguel Luna, an immigrant from El Salvador, has been identified as one of the missing, according to the nonprofit CASA . Ship blacked out before crash: Just minutes before impact, there was a “total blackout” of engine and electrical power on the ship, according to Clay Diamond, executive director of the American Pilots Association. Eight construction workers were believed to be mending potholes on the bridge when it fell, according to officials. A specialized team will also determine who was controlling the vessel and who was on the ship’s bridge at the time of the crash, she said.

Persons: Francis Scott Key, James Wallace, Wes Moore, “ We’re, Jennifer Homendy, Richard Worley, Miguel Luna, Petén, Clay Diamond, Diamond, “ It’s, ”, Pete Buttigieg, Joe Biden, US Sen, Chris Van Hollen, Buttigieg, Luna, DALI, “, ” Moore, Dali, Tasos Katopodis, Moore, CNN’s Melissa Alonso, Flora Charner, Sarah Engel, Jack Forrest, Allison Gordon, Elise Hammond, Jennifer Henderson, Betsy Klein, Jamiel Lynch, Sean Lyngaas, Mary Kay Mallonee, Lauren Mascarenhas, Pete Muntean, Tori B, Powell, Rachel Ramirez, Amy Simonson, Aditi Sangal, Michael Williams Organizations: CNN, US Coast Guard, Baltimore City Fire, Divers, Maryland Gov, Guard, Transportation Safety, National Transportation Safety, Baltimore Police, CASA, The Ministry of Foreign Affairs, Mexican Embassy, American Pilots Association, Reconstruction, Vital, Transportation, El, Maritime, Port Authority of, Infrastructure Security Agency, Coast Guard, for Disease Control, Gov, Association of Maryland Pilots, ”, NTSB Locations: Baltimore, ”, El Salvador, Guatemala, Mexico, San Luis, Camotán, Washington, US, Patapsco, El Salvadoran, Maryland, Port Authority of Singapore

☆ An Uber and Lyft driver explains how he sometimes makes over $8,000 a week doing private rides in Miami and Fort Lauderdale for celebrities, politicians, and sports stars
▼ + stars: | 2024-03-26 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +10 min

One week, he made $8,300 doing private rides between stretches of Uber and Lyft driving. He started his own LLC and occasionally markets his independent driving business as a passenger. "You have to treat Uber and Lyft like a business if you're doing it full-time," Trent told Business Insider. "I do rideshare quite a bit, but I do it mostly to build my client business," Trent said. He said he can often charge customers much less than what they pay for Uber or Lyft rides, and he still makes more.

Persons: Trent T, Uber, Lyft, Trent, lupus vasculitis, didn't, Guy, he's, He's, they've, I'm, it's Organizations: Service, Business, Trent, Tesla, Nationwide, Border Patrol, Federal Air Marshal Service, Aldi, NFL, Uber, Miami Locations: South Florida, Texas, Mexico, Atlanta, Florida, Tennessee, Miami, it's, Miami Beach

☆ I moved to London and found it too stressful. Now I'm leaving for Portugal.
▼ + stars: | 2024-03-25 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +7 min

While he is earning more, Burton feels that life in London can be stressful and lonely. AdvertisementThis as-told-to essay is based on a conversation with Michael Burton, a 28-year-old quantity surveyor from Ireland who moved to London in 2023. Courtesy of Michael BurtonIn 2018, I left Ireland after graduating from university and moved to London. AdvertisementI lived in London until COVID hit in 2020 and then moved back to Ireland. If they are as strong as I believe, then moving to a different place shouldn't really affect them.

Persons: Michal Burton, Burton, he'll, —, Michael Burton, COVID, There's, wouldn't, I'd, Michael Burton London, I'm, I've, hasn't Organizations: Service, Ireland Locations: Ireland, London, Lisbon, Enniskerry, Wicklow, It's, Dublin, East London, COVID, Tooting, Balham, Wandsworth

☆ I thought my bloody stool during pregnancy was hemorrhoids. It was stage 3 colorectal cancer.
▼ + stars: | 2024-03-24 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

Multiple doctors told her it was internal hemorrhoids. When her son was 8 months old, she was diagnosed with stage 3 colorectal cancer. I was diagnosed with stage 3 cancer, and needed fertility treatmentsFinally, I found a doctor who took me seriously and ordered a colonoscopy. Shortly after I saw a specialist at Memorial Sloan Kettering Cancer Center who diagnosed me with stage 3 colorectal cancer. I knew I wanted more kids, but talking about fertility right after being diagnosed with cancer was overwhelming.

Persons: Kelly Spill, —, Kelly, Jayce, GYN, we'd, Maya Organizations: Service, Memorial Sloan Kettering Cancer Center, Cancer Locations: California, New Jersey, East Coast

☆ ‘Alarm bells are ringing’: Poland’s president says NATO must urgently ramp up defense spending
▼ + stars: | 2024-03-19 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

Polish President Andrzej Duda speaks to members of the media following a meeting with U.S. President Joe Biden at the White House on March 12, 2024 in Washington, DC. Kevin Dietsch | Getty ImagesPolish President Andrzej Duda said Monday that NATO must urgently increase its defense spending to ensure it does not become the next target of a Russian attack. Duda said it was therefore more critical than ever to ramp up the alliance's military investment, describing his increased spending targets as "common sense." The Polish president, whose country shares a land border with Ukraine, has spearheaded calls to supply weapons to Kyiv since the onset of Russia's full-scale invasion. During a meeting with U.S. President Joe Biden last week, Duda called for NATO to raise its minimum military spending target to 3% of GDP to further strengthen the alliance's defenses.

Persons: Andrzej Duda, Joe Biden, Kevin Dietsch, Duda, Vladimir Putin, CNBC's Steve Sedgwick, Donald Tusk, Tusk, Putin, it's Organizations: U.S, White, Getty, NATO, CNBC, Polish, U.S . House Locations: Washington , DC, Moscow, Ukraine, Poland, U.S, Sweden, Congress, Russia

☆ My centenarian grandmother's lifestyle tips included keeping up with technology, a bustling social life, and gossip
▼ + stars: | 2024-03-17 | by ( Caitlin Weaver | ) www.businessinsider.com time to read: +3 min

Related storiesHere are a few things I truly believe helped her live a long and happy life, many of which might surprise you. Caitlin Weaver's grandmother loved reading. Courtesy Caitlin WeaverShe was very social — and loved to gossipNo one loved gossip more than my grandmother. She traveled and embraced new adventuresThe first half of her life revolved around raising three kids and helping run the family farm. Caitlin Weaver's grandmother loved traveling.

Persons: grandma, Caitlin Weaver's, Caitlin Weaver, she'd, hadn't, —, it's Locations: Hawaii, Europe

CAIRO (AP) — The European Union on Sunday announced a $8 billion aid package for cash-strapped Egypt amid concerns that economic pressure and conflicts and chaos in neighboring countries could drive more migrants to European shores. The package includes both grants and loans over the next three years for the Arab world’s most populous country, according to the European Union Mission in Cairo. The package drew criticism from international rights groups over Egypt’s human rights record. Amnesty International decried the deal and urged European leaders not to be complicit with human rights violations taking place in Egypt. “EU leaders must ensure that the Egyptian authorities adopt clear benchmarks for human rights, said Amnesty International’s Head of the European Institutions Office, Eve Geddie in a statement.

Persons: Ursula von der Leyen, Eve Geddie, Geddie Organizations: Union, Sunday, European, Mission, EU, Amnesty International, Amnesty, Office Locations: CAIRO, Egypt, Belgium, Italy, Austria, Cyprus, Greece, Cairo, Libya, Africa, Saharan Africa, Europe, Israel

☆ My centenarian grandmother's longevity and lifestyle tips included keeping up with technology, a bustling social life, and gossip
▼ + stars: | 2024-03-17 | by ( Caitlin Weaver | ) www.businessinsider.com time to read: +4 min

Her active social life and adaptability to technology played key roles in her longevity. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Caitlin Weaver's grandmother loved reading. Courtesy Caitlin WeaverShe was very social — and loved to gossipNo one loved gossip more than my grandmother. Caitlin Weaver's grandmother loved traveling.

Persons: —, grandma, Caitlin Weaver's, Caitlin Weaver, she'd, hadn't, it's Organizations: Service Locations: Hawaii, Europe

☆ Cardi B doesn't like Filipino Balut eggs. TikTok commenters are thanking her for not playing into stereotypes about Asian food.
▼ + stars: | 2024-03-09 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +4 min

Cardi B tried Balut eggs, a popular Filipino dish, on TikTok. Balut eggs are fertilized duck eggs popular in Asia — especially in the Philippines — that have become a popular food item for TikTokers to try. While wearing a burnt-orange updo and stunning blue eyeshadow, Cardi B presented a bowl of Balut eggs she made in a TikTok post on Wednesday. Cardi B explained that the duck tasted like raw chicken but said she liked the liquid inside the egg. The stereotypes live on in the form of TikTok taste tests, where many creators share videos gagging over Asian cuisine with millions of likes.

Persons: Cardi, Benny Blanco's, —, Keith Lee, TikTok, I'm, gagging, benny blanco, Blanco, James Corden's, Corden, James Corden, Kim Saira, Robert Ji, influencers Organizations: Service, BI, Activists, New York Times, Food Studies, Daily Locations: TikTok, Asia, Philippines

☆ Markets are hitting record highs. And economists like El-Erian and Krugman can't shake off their fears
▼ + stars: | 2024-03-08 | by ( Zahra Tayeb | ) www.cnbc.com time to read: +4 min

Stellar prices for gold have also stolen investor attention, with the precious metal scaling a new record of over $2,100. The record-breaking numbers for markets, however, haven't stopped some investors from worrying about three key issues. Inflation resurgenceAfter months of cooling, U.S inflation is proving itself to be more stubborn than experts had predicted. That's despite the Federal Reserve embarking on an aggressive monetary policy campaign over the past year, in a bid to tame consumer price pressures from their 40-year highs. Ariel Investments' Vice Chair Charlie Bobrinskoy told CNBC markets are not focused on China's residential real estate problems.

Persons: Michael M, haven't, Nobel, Paul Krugman, Mark Zandi's, Mark Zandi, Krugman, Nouriel Roubini, Doom, Trump, Marko Kolanovic, Mohamed El, Erian, Ariel, Charlie Bobrinskoy Organizations: New York Stock Exchange, Santiago, Federal, stoke, Allianz, Bloomberg, CNBC, El, Ariel Investments Locations: New York City, U.S, China

When it comes to newer consumer-social startups, the environment they're entering is turbulent — investor checks have dwindled, users are facing subscription burnout, and successful advertising models require massive scale. AdvertisementSo how are the emerging, buzzy social startups approaching monetization in 2024? "There's really only two monetization business models for consumer products," said Tiffany "TZ" Zhong, founder of new social platform NoSpace and early-stage VC firm Pineapple Capital. 3 ways new social-networking startups are approaching monetizationWhile some newer social startups are already monetizing their product, many are still pre-revenue and experimenting with different models to see which will make sense for their product and audience. And Verse CEO Bobby Pinckney told BI that the social platform, centered around music, plans to add a premium subscription that will unlock advanced AI tools, analytics, and templates.

Persons: —, there's, Eric Wittman, Tiffany, Zhong, VCs, Bianca Ambrosini, Ambrosini, Marlon Nichols, Nichols, Emma Bates, Andrew Kahn, Danial Hashemi, Alexandra Debow, Bobby Pinckney Organizations: Service, Meta, Business, Pineapple, Mac Venture Capital, Twitter, Crush Ventures, Crush, BI Locations: Berlin

☆ Coco Gauff's coach helped Zendaya prepare for 'Challengers' and said she picked up tennis 'fairly well'
▼ + stars: | 2024-03-06 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +1 min

Coco Gauff's coach, Brad Gilbert, helped train Zendaya for her upcoming tennis film "Challengers." In an interview with BI, Gauff said Gilbert told her that Zendaya picked up tennis "fairly well." Zendaya sent Gauff a 50-pound flower bouquet when she won her first Grand Slam. AdvertisementWhen Zendaya needed to learn how to play tennis for her upcoming film "Challengers," she asked Olympian and former pro Brad Gilbert to train her. This story is available exclusively to Business Insider subscribers.

Persons: Coco Gauff's, Brad Gilbert, Zendaya, Gauff, Gilbert, —, Coco Gauff, didn't Organizations: Service, Business Locations: Los Angeles

☆ Saudi Arabia, Russia and several OPEC+ producers extend voluntary crude supply cuts until end of June
▼ + stars: | 2024-03-03 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman al-Saud gesture upon his arrival at the 8th OPEC International Seminar in Vienna on July 5, 2023Heavyweights Saudi Arabia and Russia, alongside several other key OPEC+ producers, will extend their voluntary crude supply cuts until the end of the second quarter. Saudi Arabia will stretch out its voluntary crude production cut of 1 million barrels per day until the end of the second quarter, the state-owned Saudi Press Agency said Sunday, citing an official source from the country's Ministry of Energy. Riyadh's crude production will be approximately 9 million barrels per day until the end of June, the announcement said. Back in November, OPEC+ countries had held a formal policy of collectively reducing their output by 2 million barrels per day until the end of 2024. Unlike formal policy changes, voluntary cuts do not require the group's unanimous consent during an official meeting and bypass the need to distribute production cuts or increases among OPEC+ members.

Persons: Energy Prince Abdulaziz bin Salman al, Saud, Alexander Novak, —, Prince Abdulaziz bin Salman Organizations: Saudi, Energy, OPEC, Organization for, Petroleum, Saudi Press Agency, country's Ministry of Energy, Tass, Moscow, Google, INA, Hamas, Saudi Energy Locations: Vienna, Saudi Arabia, Russia, OPEC, Riyadh, Moscow, Russian, Iraq, UAE, Iran, Gaza, China, Aramco

☆ Why 7 prominent VCs are investing millions in new social startups like Diem, Lex, and 222
▼ + stars: | 2024-03-01 | by ( Sydney Bradley | Marta Biino | ) www.businessinsider.com time to read: +8 min

Mervana Parekh is a principal at Acrew and has invested in social startups like Diem, Afterparty, and Anything World. Best Nights VC. Nichols is a founding managing partner at MaC, which recently invested in social startups like Spill and Swsh. Boyce has backed a slew of new social startups, including Diem, Lex, Koodos Labs, and Swsh, alongside associate Rhian Horton. In 2024, Best Nights is looking to invest in companies that facilitate travel experiences after hearing people say their best nights have happened during trips or vacations, said de Silva.

Persons: —, Connie Chan, Mervana Parekh, Peter Boyce II, Marlon Nichols, Catalyst, Web3, Peter, Diem, Afterparty, Lorrain de Silva, Andrew Kahn, Miley Cyrus, Lorde, Kahn, Aaron Matusow, Dan Kruchkow, Nichols, Elizabeth Weil, Kevin Weil, John Smothers, Boyce, Lex, Rhian Horton, Lorrain, Silva, BestNights, Aaron Leithäuser, Gen Z, Peter Boyce, de Silva, Acrew Organizations: Service, Business, Acrew, Stellation, MaC Venture, VCs, Stanford University, Startup, Pudgy Penguins, Crush Ventures, VC, Crush, MaC Venture Capital, MaC, Catalyst, Koodos Labs, Big Tech Locations: 1kx, San Francisco , New York, Lisbon, Acrew, San Francisco, Berlin, Los Angeles and New York, Los Angeles, New York, Rythm

☆ Abandoned at sea, Houthi-damaged ship awaits towing to Saudi Arabia amid oil slick concerns
▼ + stars: | 2024-02-28 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

A vessel impaired in a mid-February Houthi attack offshore Yemen remains abandoned at sea awaiting towing to safe harbor amid growing concerns of an oil spill. The Iran-backed militant group claimed it dealt "catastrophic damage" during a Feb. 18 offensive against the Belize-flagged general cargo vessel Rubymar, which the Houthis said was "at risk of potential sinking in the Gulf of Aden." The attack caused "an 18-mile oil slick," the U.S. Central Command said in a social media update on Feb. 24, adding that the tanker is anchored, but taking on water. "The M/V Rubymar was transporting over 41,000 tons of fertilizer when it was attacked, which could spill into the Red Sea and worsen this environmental disaster," Centcom said. Khoury added that, as the Rubymar's crew has deserted the ship, his company has no information on the status of a possible oil leak.

Persons: Houthis, Centcom, Roy Khoury, Khoury Organizations: U.S . Central Command, Blue Fleet Group, CNBC, U.S . Locations: Yemen, Iran, Belize, Gulf, Aden, Saudi, Jeddah, Djibouti, U.S

☆ Here’s why a SCOTUS ruling on social media rules matters to so many people
▼ + stars: | 2024-02-27 | by ( Brian Fung | ) edition.cnn.com time to read: +8 min

It’s obvious enough that the legislation would affect those social media giants, who are challenging the laws’ constitutionality through industry trade associations. But in scrutinizing the laws’ scope and First Amendment impacts, justices from both sides of the ideological spectrum worried Monday that the legislation’s effects could spill far beyond major social media platforms. “We’re talking about the classic social media platforms, but it looks to me like it could cover Uber. Social media applications are seen on an iPhone in this photo illustration taken on 10 November, 2023 in Warsaw, Poland. (Photo by ANDREW CABALLERO-REYNOLDS / AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images) Andrew Caballero-Reynolds/AFP/Getty ImagesThat law permits social media users to try to sue platforms for violations.

Persons: CNN — Uber, —, Henry Whitaker, “, ”, Amy Coney Barrett, Sonia Sotomayor, Whitaker, Jaap Arriens, ” Whitaker, Sotomayor, Ketanji Brown Jackson, “ I’m, ” Jackson, Uber, Aaron Nielson, Barrett, ” Sotomayor, ” Nielson, ” Chris Marchese, ANDREW CABALLERO, REYNOLDS, Andrew Caballero, Reynolds, Neilson, ” Barrett, you’ve, Elena Kagan, you’re, Kagan Organizations: CNN, Facebook, YouTube, Web, LinkedIn, NetChoice Litigation, AFP, Getty, Texans, PayPal Locations: Texas, Florida, Warsaw, Poland, ” Texas, ”, Washington , DC, AFP, El Paso

☆ Russia's war with Ukraine has its economy facing 'death by a thousand cuts,' economist says
▼ + stars: | 2024-02-26 | by ( Aruni Soni | ) www.businessinsider.com time to read: +2 min

Russia's war with Ukraine has its economy facing "death by a thousand cuts," a British economist wrote. Russia's economy seems to be getting along amid its protracted war in Ukraine and harsh sanctions from the West, but that can't go on forever, according to one economist. "Russia's economy faces death by a thousand cuts," British economist Roger Bootle wrote in the Telegraph on Sunday. In spite of heavy sanctions, Russia's economy actually grew 3.6% last year, faster than most countries in Europe, Bootle noted. War spending is booming, and as war production rises, its gains spill into other pockets of the economy.

Persons: Roger Bootle, Bootle Locations: Ukraine, British, Russia, Europe, Bootle

☆ Battle for the Red Sea expands with U.S. strikes, EU stepping up its efforts against Houthis
▼ + stars: | 2024-02-25 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +9 min

Defense officials tell CNBC as of February 21, there have been at least 59 attacks on commercial shipping interests in the Red Sea. But the EU said the Red Sea moves reflect the need for a stronger European presence in protecting ships from Houthi attacks. Trade leaders have urged more countries to join the military effort in the Red Sea. A war of misinformation in the Red Sea crisis also continues. On February 2 in Brussels, Borrell informed Yemeni Prime Minister Bin Mubarak about the plans to launch a new EU maritime operation in the Red Sea and about its mandate.

Persons: Mason, Torm Thor, Good Hope, Peter Stano, Josep Borrell, Mark Montgomery, Sen, John McCain, Steven Lamar, Hussein, Azzi, Stano, Houthis, Borrell, Bin Mubarak, Rashad Al, Carl Bentzel, Bentzel, Tesla Organizations: European Commission, United States Central Command, Command, U.S, CNBC, European Union's Naval Force, EU, French Navy, Prosperity, Prosperity Guardian, EU Commission, Navy, Foundation, Defense of Democracies, Senate Armed, NATO, U.S . Central Command, UK, Prosperity Guardian . Trade, American Apparel and Footwear Association, Central Command, Yemeni, Presidential, Council, UN, Federal Maritime, Foreign Shipping, State Department, FMC, Walmart Locations: Aden, Iranian, Yemen, Red, Libyan Coast, Good, Somalia, European, EU, U.S, Australia, Bahrain, Canada, Denmark, Netherlands, New Zealand, Houthi, Europe, Suez, Belize, Brussels, Yemeni, United States, Egypt, Germany, Israel

☆ ‘Scandals and secrets’: On board the world’s most exclusive private residential ship
▼ + stars: | 2024-02-24 | by ( Francesca Street | ) edition.cnn.com time to read: +15 min

Welcome to The World, an exclusive private residential ship home to 165 superluxe apartments. Antonucci’s children were in their early 20s during his stint as a World resident, but they came and visited their parents on board from time to time. Unlike on an ordinary cruise ship, residents are able to make renovations and decorate according to personal tastes. Peter AntonucciFor many residents, the social life on board The World is also a big part of the appeal. The World’s owners also chose not to respond to Antonucci’s account of life on board.

Persons: CNN —, – you’ve, “ I’m, Peter Antonucci, you’ve, Antonucci, he’d, ”, he's, Peter Antonucci Antonucci, “, Antonucci didn’t, they’d, Antonucci can’t, ” Antonucci, –, aren’t, “ They’re, I’ve, ’ Antonucci, There’s, carousing ”, wasn’t, I’d, ‘, Antonucci “, he’s Organizations: CNN, HBO, CNN Travel, “, Street, Wimbledon, ” Locations: Antonucci, Belize, Panama, New York, Europe, Maldives, Seychelles, Australia, New Zealand, London, Rio de Janeiro, Florida, Solomon Islands, South Africa

☆ U.S. and British strikes on Houthi sites in Yemen answer militants’ surge in Red Sea attacks on ships
▼ + stars: | 2024-02-24 | by ( ) www.cnbc.com time to read: +8 min

The U.S. F/A-18 fighter jets launched from the USS Dwight D. Eisenhower aircraft carrier, which is currently in the Red Sea, officials said. President Joe Biden and other senior leaders have repeatedly warned that the U.S. won't tolerate the Houthi attacks against commercial shipping. During normal operations, about 400 commercial vessels transit the southern Red Sea at any given time. The Rubymar, a British-registered, Lebanese-operated cargo vessel, was attacked while sailing through the Bab el-Mandeb Strait that connects the Red Sea and the Gulf of Aden. The Associated Press, relying on satellite images from Planet Labs PBC of the stricken vessel, reported Tuesday that the vessel was leaking oil in the Red Sea.

Persons: Dwight D, Lloyd Austin, Grant Shapps, Shapps, Joe Biden, haven't, We've, Sabrina Singh, we've, Mason, Abdul Malik al, Hope Organizations: US Coast Guard, US Central Command, U.S, Eisenhower, Defense, Yemeni Armed Forces, RAF, Islander, Hamas, Houthi, Aden , U.S . Central Command, Central Command, Khorfakkan, United, Command, Associated Press, Planet Labs PBC Locations: Iran, Yemen, Tampa , Florida, United States, U.S, Gulf of Aden, British, Red, Britain, Australia, Bahrain, Canada, Denmark, Netherlands, New Zealand, Gaza, Aden , U.S, Asia, Europe, Africa, Suez, Mandeb, Gulf, Aden, Palau, Belize, Lebanese, Bulgaria, United Arab Emirates

☆ Oil prices roughly flat as unclear demand scenario weighed
▼ + stars: | 2024-02-16 | by ( ) www.cnbc.com time to read: +2 min

Oil prices meandered on Friday as investors pondered slowing demand forecast by an influential group and weak U.S. retail sales data that sparked optimism about U.S. interest rate cuts. Oil prices meandered on Friday as investors pondered slowing demand forecast by an influential group and weak U.S. retail sales data that sparked optimism about U.S. interest rate cuts. The U.S. Commerce Department report showed retail sales dropped 0.8% in January, the biggest fall since February 2023. Economists polled by Reuters had forecast retail sales dipping 0.1%. OPEC on Tuesday stuck to its much steeper growth forecast at 2.25 million bpd.

Persons: Hiroyuki Kikukawa Organizations: Brent, . West Texas, Reserve, U.S . Commerce Department, Reuters, NS, Nissan Securities, International Energy Agency, Organization of, Petroleum Locations: U.S, Paris, East, Lebanon, Gaza

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