DIRS.INFO The most relevant business & tech news

Most grandparents offer some form of financial help to their children and grandchildren. Between inflation, rising housing costs, and increasing interest rates, it makes sense that grandparents and parents may want to help support their children and grandchildren financially. If parents weren't supporting their adult children, they'd have almost $3,000 more annually to put into their retirement funds, that same research found. Studies show that many grandparents are sabotaging their own financial future to help their adult children and grandchildren." Or grandparents might consider cohabitating with adult children and grandchildren to save money.

Persons: —, I'd, Cyrus Bamji, Savings.com, Bamji, it's, there's, Baby Boomers, Roth Organizations: Service, Alliance, Lifetime, AARP, Alliance for Lifetime

☆ ‘Southern/Modern’: Rediscovering the Radical Art Below the Mason-Dixon Line
▼ + stars: | 2023-11-30 | by ( Walker Mimms | ) www.nytimes.com time to read: +1 min

Of the many strengths of “Southern/Modern,” a daring and revisionist show about the American South at the Georgia Museum of Art in Athens, the one that follows you out to your car is the alternate history of modern art it proposes. Southern art — or food or literature, for that matter — has long suffered a reputation of isolation. You would have to be born there,” says the tortured Quentin in William Faulkner’s “Absalom, Absalom!” Ninety years later, Southern exceptionalism is over (mostly), and the area’s artists and curators and chefs now go to great, overcorrective lengths to be global, to be modern. But the artists of Faulkner’s day — they were still responding to an ancient, haunted South. These 100 or so paintings and prints suggest an invigorating direction that was there all along: a pungent pairing of social history with artistic experiment during the first half of the 20th century.

Persons: ”, Quentin, William Faulkner’s “ Absalom, Absalom ! ”, Mason, “ Organizations: Georgia Museum of Art, Dixon, Museum of Modern Art Locations: Athens, Southern exceptionalism, Florida, Arkansas, Missouri, New York

[1/9] A vehicle carrying hostages released as part of a deal between Israel and Palestinian Islamist group Hamas, drives by, in Ofakim, Israel, November 30, 2023. Israel, according to the reports, is demanding at least 10 hostages be released on Thursday, with women and children prioritised. Fighters should "remain on such footing unless an official statement is issued confirming the extension of the truce," the statement added. Two Palestinian officials earlier told Reuters that talks were continuing over a possible extension of the truce, but no agreement had yet been reached. Hamas released 16 more hostages on Wednesday, the final day of a two-day extension to the truce.

Persons: Alexander Ermochenko, Antony Blinken, we'll, Blinken, prioritised, Joe Biden, Beinin, Majed Al, Ansari, Jordan, U.N, Antonio Guterres, Nidal al, Mohammed Salem, Emily Rose, Grant McCool, Lincoln, Cynthia Osterman, Raju Gopalakrishnan Organizations: Hamas, REUTERS, U.S, Brigades, Reuters, Health, Qatar’s Ministry of Foreign Affairs, . Security Council, Security, Thomson Locations: Israel, Palestinian, Ofakim, GAZA, JERUSALEM, Gaza, Tel Aviv, Brussels, Hamas, U.S, Dutch, Qatar, China, Cairo, Jerusalem

☆ PHOTOS: A frail-looking Jimmy Carter attends Rosalynn Carter's tribute service
▼ + stars: | 2023-11-28 | by ( Elias Chavez | John L. Dorman | ) www.businessinsider.com time to read: +1 min

A memorial service for Rosalynn Carter was held in Atlanta on Tuesday, November 28. In attendance were all living US first ladies and the 99-year-old Jimmy Carter. Rosalynn Carter died on November 19, in her hometown of Plains, Ga., at the age of 96. AdvertisementNinety-nine-year-old former President Jimmy Carter, ten months into home hospice care, attended the memorial service for his wife, Rosalynn, on Tuesday. The former first lady died on November 19 at home in Plains, Georgia, at age 96.

Persons: Rosalynn Carter, Jimmy Carter, —, Rosalynn, hadn't, Doug Emhoff Organizations: Service Locations: Atlanta, Plains , Ga, Georgia, Plains , Georgia

The traditional gingerbread White House recreates the classic story by featuring a sugar cookie replica of the book along with Santa's sleigh flying above the grounds. The White House released a fact sheet and was allowing the news media to see all the trees, lights and ornaments before the first lady’s event. National Guard families, who were joining Biden as part of Joining Forces, her White House initiative to show appreciation for military families, will be among the first members of the public to see the decorations. The official White House Menorah is on display in the Cross Hall, which runs between the State Dining Room and the East Room. Seventy-two wreaths sporting red ribbons adorn the north and south exteriors of the White House.

Persons: Jill Biden, ”, decorators, Fraser, “ Organizations: WASHINGTON, White, National Guard, Biden, Forces, North American, Disney, Cross Locations: China

☆ How Taylor Swift transcends America's political divides — barely
▼ + stars: | 2023-11-20 | by ( Alexandra Marquez | ) www.cnbc.com time to read: +1 min

Taylor Swift attends the "Taylor Swift: The Eras Tour" Concert Movie World Premiere at AMC The Grove 14 on October 11, 2023 in Los Angeles, California. Seventeen percent of those surveyed reported having "very positive" views of Swift, while 22% had "somewhat positive" views. Meanwhile, just 9% reported having "very negative" views, with 7% saying they have "somewhat negative" views of her. The poll also tested voters' views of pop singer Beyoncé Knowles-Carter. And 33% of voters reported positive views of her, while 40% said they view her neutrally and 20% said they have negative views of her.

Persons: Taylor Swift, Swift, Joe Biden, Kamala Harris, Mike Johnson, Donald Trump, Ron DeSantis, Nikki Haley — Swift, Beyoncé Knowles, Carter, Beyoncé Organizations: AMC, NBC News, Florida Gov Locations: Los Angeles , California, Florida

And while the local government says Berlin has sufficient space to build over 100,000 apartments, there is no sign the housing crisis gripping the city will ease. But as Europe's largest economy teeters near recession, economists warn that high rents will feed inflation and reduce household consumption. In Berlin, local opposition has frustrated plans to build, while regulation creates a two-tier rental market that is cheap for some long-term tenants and expensive for new renters. Rising property demand saw private companies develop luxury apartments that offered a higher yield - in part, Buch said, because government permissioning for more affordable housing projects was so slow. OPPOSITIONSome building projects have since faced local opposition while a recent attempt to curb rent increases backfired.

Persons: Lisi Niesner, Rolf Buch, Buch, you've, Konstantin Kholodilin, Marwa, Monika Neugebauer, Goldman Sachs, Neugebauer, Gesa Crockford, Martin Pallgen, Anna Hohnrath, Hohnrath, Matthias Inverardi, Matthias Williams, Catherine Evans Organizations: Berlin, REUTERS, Rights, Vonovia, Reuters, DIVISION, International Union of Tenants, European, West, Foreigners, Thomson Locations: Berlin, Germany, San Francisco, California, City, Tempelhof, Valencia, Spain

Scientists say such extreme weather is becoming increasingly common globally because of climate change, which also intensifies the effects of El Nino. Never before has Lake Titicaca dried up like it is now. Experts say many of the factors contributing to the shrinking of Lake Titicaca could be linked to climate change. In global terms we have climate change, and phenomena such as El Nino and La Nina, which cause floods and droughts." Back at Lake Titicaca, Fredy Aruquipa, the person in charge of monitoring the lake's water level, watches it decline daily.

Persons: Alex Flores, Claudia Morales, Manuel Flores, El, Flores, Xavier Lazzaro, Rodney Camargo, La Nina, Fredy Aruquipa, Monica Machicao, Sergio Limachi, Isabel Woodford, Adam Jourdan, Andrea Ricci Organizations: REUTERS, El, Friends, Nature Foundation, El Nino, La, Thomson Locations: Lake Titicaca, Bolivia, South, El Alto, El Nino, Titicaca, United States, Asia

☆ A top-9% fund manager shares how he built an 'anti-fragility' portfolio that outperforms in bull and bear markets — and shares 8 of his favorite investments to make now
▼ + stars: | 2023-10-29 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

His foreign-focused, large-cap growth fund is in the top 9% of its category in 2023 with a 4.8% gain compared to a 0.5% loss for its index, according to Morningstar. "And so we don't recalibrate the portfolio much year in, year out or rebalance it for different macro outlooks." Target top-of-the-line stocks, but pay a fair priceUnlike many other managers, Erickson only allows a few dozen stocks in his fund. 8 top investments to make nowMany US-based investors avoid international stocks entirely since the prevailing narrative is that the group is risky, given its heightened exposure to geopolitical conflict. International stocks in four sectors look especially promising right now, Erickson said: consumer discretionary, consumer staples, healthcare, and information technology.

Persons: Elias Erickson, he's, Morningstar, Erickson, We're, It's, there's Organizations: Companies, SAP, Mastercard Locations: New York

Strikes in a western Ukrainian city blew out windows at a nuclear power plant, once again raising safety concerns. An elderly civilian woman stands with a cat on the balcony of her destroyed house in the Ukrainian city of Avdiivka on Thursday. In the city of Avdiivka, Ukraine claimed it had been successful in repelling assaults and taking out large numbers of Russian soldiers. “It is highly likely that the target for these drones was the Khmelnytsky Nuclear Power Plant,” he said. The Zaporizhzhia Nuclear Power Plant, close to the front line and occupied by Russian troops since March 2022, has been the main focus of concern.

Persons: John Kirby, ” Kirby, ”, Russia’s, Vlada, “, Volodymyr Zelensky, CNN Avdiivka, Kupiansk, Zelensky, Oleksandr Prokudin, Rafael Mariano Grossi, ” Grossi Organizations: CNN, White House, National Security, Russian, Khmelnytsky Nuclear Locations: Ukraine, Russia, Ukrainian, Avdiivka, Moscow, Oskil, Kherson, Dnipro, Kherson region, Beryslav, ‘, Nova

☆ Picking health insurance can be tricky: 6 key terms to know as open enrollment starts
▼ + stars: | 2023-10-24 | by ( Greg Iacurci | ) www.cnbc.com time to read: +8 min

PremiumsFrederic Cirou | Photoalto | Getty ImagesThe premium is the sum you pay an insurer each month to participate in a health plan. It's perhaps the most transparent and easy-to-understand cost component of a health plan — the equivalent of a sticker price. The average co-insurance rate for consumers is 19% for primary care and 20% for specialty care, according to KFF data. For example, would you struggle to pay a $1,000 medical bill if you require health care? If so, a health plan with a larger monthly premium and a smaller deductible may be your best bet, Sun said.

Persons: Frederic Cirou, Karen Pollitz, Luis Alvarez, you've, KFF, Pollitz, McClanahan, there's, Winnie Sun, She's, Sun, Carolyn McClanahan Organizations: Sdi, Photoalto, Kaiser Family Foundation, CNBC, Digitalvision, Getty, Kaiser Family Foundation Health, Network Health, Sun Group Wealth Partners, CNBC's FA Locations: Aetna, Irvine , California, CNBC's

☆ Doubts abound about a new Alzheimer’s blood test
▼ + stars: | 2023-10-18 | by ( Judith Graham | ) edition.cnn.com time to read: +10 min

The Quest Diagnostics blood test, AD-Detect, measures elevated levels of amyloid-beta proteins, a signature characteristic of Alzheimer’s. But Alzheimer’s researchers and clinicians aren’t convinced the Quest test is backed by sound scientific research. Though blood tests for Alzheimer’s are likely to become common in the years ahead, the Alzheimer’s Association said it’s premature to offer a test of this kind directly to consumers. Because the science behind blood tests for Alzheimer’s is still developing and because “patients may not really understand the uncertainty of test results,” Edelmayer said, the Alzheimer’s Association “does not endorse the use of the AD-Detect test by consumers.”Quest’s blood test is one of several developments altering the landscape of Alzheimer’s care in the United States. The bottom line: Before taking a test, “older adults need to ask themselves, ‘Why do I want to know this?

Persons: aren’t, Alzheimer’s, Michael Racke, ”, there’s, Suzanne Schindler, St . Louis, That’s, ” Schindler, Racke, Meera Sheffrin, —, Rebecca Edelmayer, ” Edelmayer, Eric Widera, Dr, Sanjay Gupta, Emily Largent, ’ ”, Munro Cullum Organizations: Health, Diagnostics, Alzheimer’s Association, Quest, University of Michigan, International Conference, Washington University School of Medicine, Senior, Stanford Healthcare, The University of Michigan, FDA, National Institute, Aging, University of California, Get CNN, CNN Health, University, Pennsylvania’s Perelman, of Medicine, HIPAA, University of Texas Southwestern Medical Center, Kaiser Health, KFF Locations: U.S, San Diego, St ., United States, San Francisco

☆ Russia says it deserves a seat on the UN Human Rights Council. It may have a shot
▼ + stars: | 2023-10-10 | by ( Richard Roth | ) edition.cnn.com time to read: +4 min

CNN —Russia is campaigning for a return to the United Nations’ Human Rights Council – after being suspended just last year for invading Ukraine. Russia’s war in Ukraine war is still grinding on, and several UN human rights investigations have accused Moscow of committing human rights abuses. The Human Rights Council is made up of 47 member states, distributed by geographic region and elected by fellow nations. Russia joined the Human Rights Council in January 2021. “Every day Russia and China remind us by committing abuses on a massive scale that they should not be members of the UN Human Rights Council,” Human Rights Watch UN director Louis Charbonneau said.

Persons: Vladimir Putin, Russia –, –, Louis Charbonneau, ”, Cuba –, Vassily Nebenzia, ” Jason Evans Organizations: CNN, United Nations, Human Rights, Ukraine wanes, Human, UN, Assembly, Security Council, Eastern European, Albania, UN Human Rights, Rights Watch UN, ” Locations: Russia, Ukraine, Moscow, New York, North Korea, UN, Gabon, Bulgaria, Libya, China, Cuba, Iran, Syria, Vietnam, Brazil, South Africa, Mexico, Egypt, Saudi Arabia, Burundi, Russian, Kharkiv, Hroza

While most traders are waiting on the sidelines, anxious about the election and unsure of libertarian frontrunner Javier Milei, some daring bond investors are moving in. "There has been a lot of pain from being invested in Argentina over the past decade," Reed said. Rob Citrone, founder of U.S.-based hedge fund Discovery Capital Management, said Argentina presented one of the best opportunities in emerging markets. The depressed values offer another reason to be bullish on Argentina's debt, said Thomas Haugaard, a portfolio manager on the emerging markets debt hard currency team at Janus Henderson Investments in Copenhagen. Armando Armenta, an analyst for Latin American fixed-income and currency markets at AllianceBernstein in New York, said it was a mixed picture.

Persons: Javier Milei, Cristina Sille, Milei, Patricia Bullrich, Sergio Massa, Christine Reed, Reed, Bullrich, Mauricio Macri's, Massa, Rob Citrone, Cristina Fernandez de Kirchner, Fernandez de Kirchner, Thomas Haugaard, Janus Henderson, Haugaard, Morgan Stanley, Armando Armenta, Milei's, Rodrigo Campos, Carolina Mandl, Adam Jourdan, Paul Simao Organizations: Argentine, REUTERS, Peronist, International Monetary Fund, U.S, Discovery Capital Management, Reuters Graphics Reuters, BancTrust, Reuters, Janus, Janus Henderson Investments, Thomson Locations: Buenos Aires, Argentina, New York, Ghana, Sri Lanka, Copenhagen, Congress, AllianceBernstein

☆ Bangladesh gets first uranium shipment from Russia for nuclear power plant
▼ + stars: | 2023-10-05 | by ( Ruma Paul | ) www.reuters.com time to read: +2 min

The south Asian country is building the first of two nuclear power plants in collaboration with Russian state-owned atomic company Rosatom. Ninety percent of the project is financed through a Russian loan repayable within 28 years with a 10-year grace period. "Today is a day of pride and joy for the people of Bangladesh," Prime Minister Sheikh Hasina said during a video conference with Russian President Vladimir Putin that the Russian Embassy in Bangladesh called a "nuclear fuel delivery ceremony" in a Facebook post. Due to U.S. sanctions on Moscow, Bangladesh in December denied entry to a Russian ship carrying equipment for the plant. Reporting by Ruma Paul; Editing by Richard ChangOur Standards: The Thomson Reuters Trust Principles.

Persons: Vladimir Putin, Sheikh Hasina, Rafael Grossi, Sergei Lavrov, Ruma Paul, Richard Chang Organizations: Bangladeshi, International Atomic Energy Agency, IAEA, Russian Embassy, Thomson Locations: DHAKA, Bangladesh, Russian, U.S, Washington, Moscow, Ukraine

☆ Chick-fil-A drive-thrus are dreadfully slow, but customers don't seem to care
▼ + stars: | 2023-10-03 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +3 min

AdvertisementAdvertisementChick-fil-A's drive-thrus are among the slowest in the industry, but customers don't seem to mind. In a new survey of 10 top fast-food chains, Chick-fil-A ranked last for speed of drive-thru service. The chain's drive-thru customers waited an average of 5 minutes and 12 seconds between ordering and receiving their food, according to the survey by QSRmagazine. Of the chains studied, Chick-fil-A had the most accurate orders, with a 92% rate of accuracy, including any special requests. Customer experience solutions company Intouch Insight conducted the study using mystery shoppers who visited each drive-thru to test speed and accuracy.

Persons: — Organizations: Service, Wendy's, KFC, Intouch

☆ Republican House Speaker McCarthy faces ouster threat for avoiding shutdown
▼ + stars: | 2023-10-01 | by ( David Morgan | ) www.reuters.com time to read: +4 min

The Republican-controlled House of Representatives voted 335-91 to adopt a 45-day stopgap measure hours before funding for federal agencies was set to expire. Republican Representative Andy Biggs, a leading hardliner, asked on the social platform X, formerly known as Twitter. Republican Representative Matt Gaetz, who has openly threatened such action, made clear what it would take days before the Saturday vote. Republican Representative Brian Fitzpatrick, who co-chairs the bipartisan Problem Solvers' Caucus, said bipartisanship itself would be the real issue in any vote on McCarthy's future. Some Democrats have suggested they could support McCarthy if an ouster attempt occurred at a turbulent time.

Persons: U.S . House Republican Kevin McCarthy, Joe Biden, Andy Biggs, McCarthy, Biggs, party's, Chuck Schumer, Nancy Pelosi, Kevin McCarthy, Ken Cedeno, Pelosi, Schumer, Bob Good, Matt Gaetz, Joe Biden's, Brian Fitzpatrick, bipartisanship, Fitzpatrick, Hakeem Jeffries, Jim McGovern, I'm, David Morgan, Scott Malone, Daniel Wallis 私 Organizations: U.S . House Republican, Republicans, Republican, Democratic, Twitter, Democrats, Biden, U.S, Capitol, REUTERS, Florida Republican, Voice Locations: Washington, Washington , U.S

☆ Republican House Speaker McCarthy Faces Ouster Threat for Avoiding Shutdown
▼ + stars: | 2023-09-30 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +4 min

The Democratic-led Senate later approved the same bill with bipartisan support and sent it to President Joe Biden to sign into law. Republican Representative Andy Biggs, a leading hardliner, asked on the social platform X, formerly known as Twitter. Republican Representative Matt Gaetz, who has openly threatened such action, made clear what it would take days before the Saturday vote. If Kevin McCarthy uses Democrat votes in the House of Representatives to advance Joe Biden's spending priorities, he cannot remain as the Republican speaker," the Florida Republican told the far-right channel Real America's Voice on Wednesday. Some Democrats have suggested they could support McCarthy if an ouster attempt occurred at a turbulent time.

Persons: David Morgan WASHINGTON, U.S . House Republican Kevin McCarthy, Joe Biden, Andy Biggs, McCarthy, Biggs, party's, Chuck Schumer, Nancy Pelosi, Kevin McCarthy, Pelosi, Schumer, Bob Good, Matt Gaetz, Joe Biden's, Brian Fitzpatrick, bipartisanship, Fitzpatrick, Hakeem Jeffries, Jim McGovern, I'm, David Morgan, Scott Malone, Daniel Wallis Organizations: U.S . House Republican, Republicans, Republican, Democratic, Twitter, Democrats, Biden, Florida Republican, Voice Locations: Washington

☆ A former guard at one of Putin's luxury palaces said it's like a toxic 'little town' where everyone is snitching on each other
▼ + stars: | 2023-09-25 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +7 min

One of Putin's former palace guards has spoken out about working to protect him in Crimea. AdvertisementAdvertisementBut the luxury of the Olivye palace compound, compared to ordinary Russian lives, also disgusted Brizhaty, he now says. AdvertisementAdvertisementBrizhaty's job was to help make security arrangements for Putin's arrival at the palace, or around Crimea. The arrival of "Number One" in Crimea demonstrated how little Putin trusts his own security service. Forced to protect a warmongerThat culture was a particular problem for Brizhaty when Putin's tanks rolled across Ukraine's borders.

Persons: Vitaly Brizhaty, Vladimir Putin's, Putin, Brizhaty, Alexei Navalny, — Organizations: Service, Federal Protective Service, FSO Locations: Crimea, Wall, Silicon, Ukraine, Russia, Olivye, Soviet, Russian, Ecuador

☆ Turkey's Erdogan to meet Azeri's Aliyev as thousands flee Karabakh
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +3 min

REUTERS/David Ghahramanyan Acquire Licensing RightsSept 25 (Reuters) - Turkish President Tayyip Erdogan is to meet his ally Azeri President Ilham Aliyev on Monday, as thousands of ethnic Armenians began an exodus from Nagorno-Karabakh after Azerbaijan defeated the breakaway region's fighters last week. Erdogan will pay a one-day visit to Azerbaijan's autonomous Nakhchivan exclave - a strip of Azeri territory nestled between Armenia, Iran and Turkey - to discuss with Aliyev the situation in the Karabakh region, the Turkish president's office said. The Armenians of Karabakh, a territory internationally recognised as part of Azerbaijan but previously beyond its control, were forced into a ceasefire last week after a 24-hour military operation by the much-larger Azerbaijani military. Erdogan, who backed the Azeris with weaponry in the 2020 conflict, said last week he supported the aims of the Azerbaijan's latest military operation but played no part in it. The Karabakh Armenians are not accepting Azerbaijan's promise to guarantee their rights as the region is integrated.

Persons: David Ghahramanyan, Tayyip Erdogan, Ilham Aliyev, Erdogan, Aliyev, David Babayan, Samvel Shahramanyan, Lidia Kelly, Michael Perry Organizations: Residents, REUTERS, Karabakh, Reuters, Thomson Locations: Stepanakert, Nagorno, Karabakh, Azerbaijan, Nakhchivan, Armenia, Iran, Turkey, Turkish, Khankendi, United States, Republic of Artsakh, Melbourne

[1/5] A view shows a border-crossing point on the frontier between Armenia and Azerbaijan and a base of Russian peacekeepers deployed in Nagorno-Karabakh as seen from a road near the village of Kornidzor, Armenia, September 23, 2023. REUTERS/Irakli Gedenidze Acquire Licensing RightsSummary Ethnic Armenians to leave Karabakh - leadership120,000 people could move into ArmeniaProcess of giving up weapons is underwayNEAR KORNIDZOR, Armenia, Sept 24 (Reuters) - The 120,000 ethnic Armenians of Nagorno-Karabakh will leave for Armenia as they do not want to live as part of Azerbaijan and fear ethnic cleansing, the leadership of the breakaway region told Reuters on Sunday. Azerbaijan says it will guarantee their rights and integrate the region but the leadership of the Armenians in Karabakh told Reuters that they would leave. He said it was unclear when the Karabakh Armenians would move down the Lachin corridor which links the territory to Armenia, where Prime Minister Nikol Pashinyan has faced calls to resign for failing to save Karabakh. Azerbaijan, which is mainly Muslim, has said the Armenians, who are Christian, can leave if they want.

Persons: Irakli, David Babayan, Samvel Shahramanyan, Nikol Pashinyan, Babayan, Pashinyan, Felix Light, Guy Faulconbridge, Lidia Kelly, William Mallard, Peter Graff Organizations: REUTERS, Karabakh, Reuters, Sunday, Soviets, International Committee, Thomson Locations: Armenia, Azerbaijan, Nagorno, Karabakh, Kornidzor, KORNIDZOR, Soviet Union, Republic of Artsakh, Russians, Ottomans, South Caucasus, Russia, United States, Turkey, Iran, Moscow

CNN —Armenia’s prime minister has called his country’s security relationships “ineffective,” in a swipe at Russia after Azerbaijan claimed the breakaway province of Nagorno-Karabakh following a swift military campaign. But this week, Azerbaijan forced the surrender of ethnic Armenian fighters in Nagorno-Karabakh, seemingly bringing to an end a conflict that has simmered for decades and raising the question whether Armenia could rely on long-term ally Russia. Although internationally recognized as part of Azerbaijan, Nagorno-Karabakh is home to 120,000 ethnic Armenians, who make up the majority of the population, and have created their own de facto government, rejecting Azerbaijani rule. Pashinyan’s comments come as the first group of civilians arrived in Armenia from Nagorno-Karabakh. One local official in the disputed region, said that the bulk of Nagorno-Karabakh’s Armenian population would leave for Armenia.

Persons: CNN —, ”, Nikol Pashinyan, Pashinyan, Azerbaijan’s, ” Pashinyan, ” David Babayan, Samvel Shahramanyan, ” Babayan, Cross Organizations: CNN, Collective Security, Organisation, NATO, Armenia’s Public, Reuters, International Committee, Twitter, Armenian Locations: Russia, Azerbaijan, Nagorno, Karabakh, Armenia, Russian, “ Armenia, “, Republic of Artsakh, Artsakh

☆ Explainer: Why are 120,000 people about to move from Nagorno-Karabakh?
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Irakli Gedenidze/File Photo Acquire Licensing RightsMOSCOW, Sept 24 (Reuters) - The 120,000 ethnic Armenians of Nagorno-Karabakh will leave for Armenia as they do not want to live as part of Azerbaijan and fear ethnic cleansing, the leadership of the breakaway region told Reuters on Sunday. As the Soviet Union crumbled, what is known as the First Karabakh War erupted (1988-1994) between Armenians and their Azerbaijan. If 120,000 people go down the Lachin corridor to Armenia, the small South Caucasian country could face a humanitarian crisis. It was not immediately clear where 120,000 people could be housed in Armenia, whose population is just 2.8 million, ahead of winter. Many Armenians blame Pashinyan, who lost a 2020 war to Azerbaijan over Karabakh, for losing Karabakh.

Persons: Irakli, David Babayan, Samvel Shahramanyan, Babayan, Nikol Pashinyan, Pashinyan, Ilham Aliyev, Armenia's Pashinyan, Guy Faulconbridge, Bernadette Baum Organizations: REUTERS, Rights, Reuters, Russian, Armenian, International Committee, Karabakh, stoke, NATO, Thomson Locations: Armenia, Azerbaijan, Nagorno, Karabakh, Kornidzor, Republic of Artsakh, Soviet Union, AZERBAIJAN, South Caucasus, Russia, United States, Turkey, Iran, Moscow, Yerevan, Russian

☆ Ethnic Armenians will leave Nagorno-Karabakh - adviser to their leader
▼ + stars: | 2023-09-24 | by ( ) www.cnbc.com time to read: +2 min

The 120,000 ethnic Armenians of Nagorno-Karabakh will leave for Armenia as they do not want to live as part of Azerbaijan and fear ethnic cleansing, the leadership of the breakaway region told Reuters on Sunday. Azerbaijan says it will guarantee their rights and integrate the region but the leadership of the Armenians in Karabakh told Reuters that they would leave. He said it was unclear when the Karabakh Armenians would move down the Lachin corridor which links the territory to Armenia, where Prime Minister Nikol Pashinyan has faced calls to resign for failing to save Karabakh. The process of giving up the weapons of the ethnic Armenian fighters is underway, Babayan said. Azerbaijan, which is mainly Muslim, has said the Armenians, who are Christian, can leave if they want.

Persons: David Babayan, Samvel Shahramanyan, Nikol Pashinyan, Babayan, Pashinyan Organizations: Reuters, Sunday, Karabakh, Soviets, International Committee Locations: Stepanakert, Azerbaijan, Nagorno, Karabakh, Armenia, Soviet Union, Republic of Artsakh, Russians, Ottomans, South Caucasus, Russia, United States, Turkey, Iran

☆ US junk debt issuers use window to extend liabilities but at higher costs, Morgan Stanley report says
▼ + stars: | 2023-09-15 | by ( Matt Tracy | ) www.reuters.com time to read: +2 min

REUTERS/Lee Jae-Won/File Photo Acquire Licensing RightsSept 15 (Reuters) - U.S. junk-rated companies are using a more favorable debt issuance window this year to extend billions of dollars of short-term liabilities. Twelve high-yield issuers have raised $9.6 billion this week, making it the busiest week since November 2021, according to JPMorgan (JPM.N). Ninety of these borrowers used the money raised to refinance, the report noted. Junk bond issuers are now paying roughly 100 to 300 basis points more in coupons on new refinanced debt relative to in-place coupons, according to the report. But the opportunity to refinance is not open to all junk-rated issuers.

Persons: Lee Jae, Morgan Stanley, Matt Tracy, Nick Zieminski Organizations: REUTERS, JPMorgan, CCC, Thomson Locations: Seoul

Search resuls for: "Ninety"

25 mentions found