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☆ UK's Boris Johnson and the 'partygate' scandal
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +5 min

10 Downing Street, in December 2020, when such gatherings were banned. Dec. 1 - Johnson, asked about a December 2020 party, tells parliament: "All guidance was followed completely in No. Dec. 8 - Johnson tells parliament: "I have been repeatedly assured since these allegations emerged that there was no party and that no COVID rules were broken." May 19 - The police hand out 126 fines relating to eight dates when events were held at Downing Street and the Cabinet Office. March 22 - In a combative public hearing, Johnson tells the committee that "hand on heart" he did not lie to parliament.

Persons: Boris Johnson, Johnson, Queen Elizabeth, Prince Philip's, Sue Gray, Carrie, Rishi Sunak, Gray, Sachin Ravikumar, Kylie MacLellan, William James, Andrew MacAskill, Gareth Jones, Frank Jack Daniel Our Organizations: ITV, Downing Street, Police, Privileges, Downing, Conservative, Thomson Locations: Downing

[1/5] Kosovo police officers guard near the village of Bare, Kosovo, June 14, 2023. Three Kosovo police officers were detained by Serbian forces on Wednesday but officials from Kosovo and Serbia gave different locations for the arrest, accusing each other of crossing the border illegally.... Read morePRISTINA/BELGRADE, June 14 (Reuters) - Three Kosovo police officers were detained by Serbian forces on Wednesday but officials from Kosovo and Serbia gave different locations for the arrest, accusing each other of crossing the border illegally. "The entry of Serbian forces into the territory of Kosovo is aggression and aimed at escalation and destabilization," Kurti wrote on his Facebook page. But Serbia's President Aleksandar Vucic said the three were arrested "as far as 1.8 kilometers (1 mile)" inside Serbian territory near the village of Gnjilica. In 1999, a NATO bombing campaign drove Serbian security forces out of Kosovo but Belgrade continues to regard it as a southern province.

Persons: Read, Albin Kurti, Kurti, Aleksandar Vucic, Vucic, Fatos Bytyci, Ivana Sekularac, Aleksandar Vasovic, Frank Jack Daniel, Jonathan Oatis, Angus MacSwan, William Maclean Organizations: Kosovo, Serbian, Reuters, NATO, Thomson Locations: Bare, Kosovo, Serbia, PRISTINA, BELGRADE, Serbian, Gnjilica, Balkans, Belgrade

"The internal dynamic of this war is a bit beyond what an external actor can really influence". After the latest 24-hour truce expired on Sunday, residents in Khartoum and capital area reported fresh artillery fire and clashes. The United States and Saudi Arabia, which lies across the Red Sea from Sudan, have sponsored talks in the Saudi port city of Jeddah. EXODUSThe failure of talks has put the nation, which was already reliant on aid, in a perilous humanitarian state. It could take generations to try to put back together," said Alan Boswell, Horn of Africa Director for Crisis Group.

Persons: Magdi El, Mohamed Hamdan Dagalo, Abdel Fattah al, Burhan, Mohamed Mokhtar, Hemedti, Mokhtar, Omar al, Bashir, Mahasin Ibrahim, Alan Boswell, Horn, Aidan Lewis, Khalid Abdelaziz, Daphne Psaledakis, Nafisa, Edmund Blair, Frank Jack Daniel Our Organizations: Rapid Response Forces, United Arab Emirates, Valley Institute, U.S . State Department, Reuters, Crisis, Thomson Locations: Jeddah, Khartoum, CAIRO, truces, United States, Saudi Arabia, Egypt, Sudan, Saudi, UAE, Cairo, Abu Dhabi, African Union, KHARTOUM, Omdurman, Bahri, Darfur, North Kordofan, Port Sudan, El Geneina, Chad, Sudanese, Africa, East, Europe, Dubai, Washington

☆ Israel reports record $12.5 bln defence exports, 24% of them to Arab partners
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +1 min

JERUSALEM, June 13 (Reuters) - Israel exported a record $12.556 billion in defence products last year, with new Arab partners under the U.S.-sponsored 2020 Abraham Accords accounting for almost a quarter of the business, the Defence Ministry said on Tuesday. Drones accounted for 25% of the 2022 exports and missiles, rockets or air defence systems for 19%, it said. Without naming specific clients, the ministry said 24% of defence exports were to Abraham Accords countries. United Arab Emirates and Bahrain were signatories to those accords, and Israel often counts Morocco and Sudan as part of them as well. Asia and the Pacific accounted for 30% of Israeli defence exports, Europe for 29% and North America for 11%, it said.

Persons: Abraham, Dan Williams, Frank Jack Daniel Our Organizations: U.S, Defence Ministry, Abraham Accords, United, Pacific, North, Thomson Locations: Israel, United Arab Emirates, Bahrain, Morocco, Sudan, Asia, Europe, North America

☆ New book release 'Billionaires' Row' profiles NYC's priciest skyscrapers
▼ + stars: | 2023-06-12 | 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 EmailNew book release 'Billionaires' Row' profiles NYC's priciest skyscrapersThe Wall Street Journal's Katherine Clarke and CNBC's Robert Frank join 'The Exchange' to discuss NYC real estate sales, the buyer vetting system, and the key findings profiled in the book 'Billionaires' Row.'

Persons: Katherine Clarke, CNBC's Robert Frank

☆ Wealthy cut back on spending due to higher inflation, CNBC survey finds
▼ + stars: | 2023-06-07 | by ( Robert Frank | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWealthy cut back on spending due to higher inflation, CNBC survey findsCNBC's Robert Frank joins 'Squawk Box' to break down the latest CNBC Millionaire Survey results.

Persons: CNBC's Robert Frank Organizations: CNBC, CNBC Millionaire Survey

☆ Millionaires are betting on higher rates and a weaker economy, CNBC survey says
▼ + stars: | 2023-06-07 | 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 EmailMillionaires are betting on higher rates and a weaker economy, CNBC survey saysCNBC's Robert Frank joins 'The Exchange' to discuss findings from the CNBC Millionaire Survey including more millionaires moving out of banks and into treasuries, concerns about fallout from the retail banking crisis, and support for raising the FDIC limits.

Persons: Robert Frank Organizations: Millionaires, CNBC, CNBC Millionaire Survey Locations: treasuries

☆ UK, France, Italy, Germany and U.S. condemn Kosovo violence
▼ + stars: | 2023-05-26 | by ( ) www.reuters.com time to read: +1 min

LONDON, May 26 (Reuters) - Britain, France, Italy, Germany and the United States condemned Kosovo's decision to force access to municipal buildings in northern Kosovo on Friday, calling on the authorities to step back and de-escalate the situation. "We condemn Kosovo's decision to force access to municipal buildings in northern Kosovo despite our call for restraint. Police fired tear gas in the town of Zvecan to disperse a crowd from in front of a municipality building. The protesters were trying to prevent a newly-elected ethnic Albanian mayor from entering his office following an election which Kosovo Serbs had boycotted. Reporting by Elizabeth Piper; Editing by Frank Jack DanielOur Standards: The Thomson Reuters Trust Principles.

☆ Ukraine says it advances on Bakhmut's flanks to entrap Russians
▼ + stars: | 2023-05-22 | by ( Olena Harmash | ) www.reuters.com time to read: +7 min

Moscow says capturing Bakhmut now opens the way to further advances in eastern Ukraine. Ukraine says its advance on the Russian forces' flanks was more meaningful than its withdrawal inside the city, and Russian reinforcements sent to hold Bakhmut will weaken Moscow's lines elsewhere. Ukrainian forces were still advancing, particularly south of Bakhmut, Maliar said, though she said the intensity of fighting on the northern flank had subsided for now. "Wagner Group mercenaries likely secured the western administrative borders of Bakhmut City while Ukrainian forces are continuing to prioritise counterattacks on Bakhmut’s outskirts," the Institute for the Study of War think tank said on Monday. In the latest Russian attack, some 15 blasts were heard overnight in the southern Ukrainian city of Dnipro, a frequent Russian target lately.

☆ Ukraine claims foothold in part of Bakhmut, aims to encircle city
▼ + stars: | 2023-05-21 | by ( ) www.reuters.com time to read: +5 min

A top Ukrainian general said Kyiv's forces controlled what he accepted was an "insignificant" part of Bakhmut, but said the foothold would be enough to enter the devastated city when the situation changed. Maliar added Ukrainian troops were still defending industrial and infrastructure facilities as well as a private sector of the city and had claimed part of the overlooking heights. Moscow has long claimed that capturing Bakhmut would be a stepping stone towards advancing deeper into the Donbas region it claims to have annexed from Ukraine. The Russian defence ministry said its forces had also destroyed a road bridge previously used by Ukrainian forces to reinforce Bakhmut as well as a Ukrainian ammunition warehouse. Biden said F-16s would not have helped Ukrainian forces with regard to Bakhmut but could "make a big difference in terms of being able to deal with what is coming down the road".

☆ Russia's war on Ukraine latest: Ukraine says closer to encircling Bakhmut
▼ + stars: | 2023-05-21 | by ( ) www.reuters.com time to read: +2 min

FIGHTING* Ukrainian forces have partly encircled Bakhmut along the flanks and still control a part of the city, Deputy Defence Minister Hanna Maliar said. * Russia claimed on Saturday to have fully captured Bakhmut, which would mark an end to the longest and bloodiest battle of the 15-month war and Russian President Vladimir Putin congratulated troops and Wagner. * A Russian-installed official in Ukraine's southern Zaporizhzhia region said Kyiv had struck the Russian-held port city of Berdyansk with British-supplied Storm Shadow cruise missiles. * Leaders of the world's richest democracies at the summit said they would not back down from supporting Ukraine. * INSIGHT-How Russians end up in a far-right militia fighting in Ukraine.

Climate change drove heat in the city to a record-breaking 48C (118F) in 2016. While traditional insurance can take months to pay, with so-called "parametric" insurance there is no need to prove losses. At annual climate talks in Egypt last year, nonprofits urged richer nations to help finance parametric insurance as a way of compensating victims of worsening weather extremes. At the moment, insurance schemes in the developing world are largely subsidized by nonprofit groups, national governments, or wealthy countries. Insurance payouts allow them to buy things like gloves to protect their hands from scorching hot metal tools, or fans to stay cool and avoid heat exhaustion.

☆ 'Losing our best': activists killed in war seen as blow to Ukraine's future
▼ + stars: | 2023-05-17 | by ( Dan Peleschuk | ) www.reuters.com time to read: +4 min

The European Union offered Kyiv candidate status last year and made improving governance and fighting corruption key requirements for membership negotiations. He was killed fighting near Izium in the east of the county last June aged 24. "Misha was definitely another type of activist, who was ready to act in many different ways," said professor Yuliya Bidenko, who taught Alekseyenko political science. The mass flight of millions of refugees after Russia's invasion has also dealt a blow to Ukraine's potential political class, Bidenko added. "People like this are just extremely necessary for us after the war," Davydenko said of Tsakhniv.

☆ Turkey's lira slides, credit default swaps spike after election
▼ + stars: | 2023-05-14 | by ( ) www.reuters.com time to read: +2 min

It was on track for its worst trading session since early November. The five-year Turkey credit default swap spread TRGV5YUSAC=MG jumped 105 basis points (bps) from Friday's levels to 597 bps, according to S&P Global Market Intelligence, the highest since November 2022. Analysts expect the lira to slump in the wake of the elections following years of economic imbalances and unorthodox monetary policy. JPMorgan (JPM.N) forecast the lira could soften to levels of 24-25 to the dollar. The lira, which is prone to sharp swings before regular trading hours, has weakened 5% since the start of the year.

☆ Turkey's lira sinks to two-month low in post-election trade
▼ + stars: | 2023-05-14 | by ( ) www.reuters.com time to read: +2 min

LONDON, May 14 (Reuters) - Turkey's lira slipped to a fresh two-month low as financial markets kicked off trading in the wake of the country's Sunday presidential and parliamentary election with the race for presidency appearing headed for a runoff. The currency weakened to 19.70 to the dollar before retracing some of its losses to 19.66, on track for its worst session since early November. "It is hard to foresee a market-positive scenario emerging from today’s double vote in Turkey," Wolfgango Piccoli at Teneo wrote in a note to clients. Analysts expect the lira to face sharp adjustments in the wake of the elections following years of economic imbalances and unorthodox monetary policy. The lira, which is prone to sharp swings before regular trading hours, has weakened 5% since the start of the year.

☆ Gaza rocket fired at Israel, militants say in error
▼ + stars: | 2023-05-14 | by ( ) www.reuters.com time to read: +1 min

JERUSALEM, May 14 (Reuters) - Gaza militants fired a rocket at southern Israel on Sunday, a day after an Egyptian-mediated ceasefire ended five days of cross-border fighting, and Palestinian militant groups said the launch had been a "technical error". Shortly afterwards, explosions were heard in northern Gaza and the Palestinians reported that a militant outpost had been struck by Israel. Israel's military said a single rocket fired from Gaza struck an open area. A source from the joint operations room of militant groups in Gaza said the rocket was launched "due to a technical error." Reporting by Ari Rabinovitch; Editing by Frank Jack DanielOur Standards: The Thomson Reuters Trust Principles.

☆ Spring auction block shows signs of a cooling art market
▼ + stars: | 2023-05-11 | 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 EmailSpring auction block shows signs of a cooling art marketCNBC's Robert Frank joins 'The Exchange' to discuss upcoming art auctions, signs of cooling in the art market, and opportunities for overseas art buyers.

☆ How Sudan's paramilitary forces took parts of Khartoum, stormed army chief's quarters
▼ + stars: | 2023-05-10 | by ( Khalid Abdelaziz | ) www.reuters.com time to read: +6 min

[1/2] Satellite image shows burned and damaged General Command of the Sudanese Armed Forces headquarters building in Khartoum, Sudan April 16, 2023, in this handout image. More than 30 of his guards died in the ensuing battle, before the Rapid Support Forces (RSF) fighters retreated from the residence in the capital, said the bodyguard, who asked not to be named. "Why did the army let Hemedti become a parallel army and threatening the normal people. RSF fighters open mobile phones to look for army contacts, residents say. Reuters could not establish where Hemedti is currently operating from, or whether Burhan was still using army headquarters as his base of operations.

☆ Tunisia synagogue attack toll up to 6, local media says
▼ + stars: | 2023-05-10 | by ( Tarek Amara | ) www.reuters.com time to read: +3 min

[1/5] Members of the security forces stand near the entrance of Ghriba synagogue, following an attack, in Djerba, Tunisia May 10, 2023. REUTERS/StringerTUNIS, May 10 (Reuters) - A Tunisian security officer who was wounded in Tuesday's shooting attack outside a synagogue on the Tunisian island of Djerba has died, hospital sources said, bringing the death toll to six including the shooter. Israel's Foreign Ministry described the attack as a "lethal shooting incident", with a spokesperson saying it was still under investigation. The United States and France said Tunisian security forces had responded quickly. The pilgrimage has had tight security since al Qaeda militants attacked the synagogue in 2002 with a truck bomb, killing 21 Western tourists.

☆ How double-digit returns push family offices to invest in private credit
▼ + stars: | 2023-05-08 | 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 EmailHow double-digit returns push family offices to invest in private creditCNBC's Robert Frank joins 'The Exchange' to discuss Family Office's putting cash to work in private credit, the growing private credit market, and the response to bank tightening of lending conditions.

☆ Family offices move to 'risk on' with plans to load up on stocks and private credit, survey finds
▼ + stars: | 2023-05-08 | by ( Robert Frank | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFamily offices move to 'risk on' with plans to load up on stocks and private credit, survey findsCNBC's Robert Frank joins 'Squawk Box' to break down the results from the latest Goldman Sachs Family Office Report.

☆ Income migration doubled during pandemic from high- to low-tax states, IRS report finds
▼ + stars: | 2023-05-02 | by ( Robert Frank | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIncome migration doubled during pandemic from high- to low-tax states, IRS report findsNew data from the Internal Revenue Service shows the Covid-19 pandemic doubled the flight of the wealthy out of New York and California in 2021. CNBC's Robert Frank joins 'Squawk Box' to report on the great income migration.

At about 8.30 a.m. shooting started at the Soba military camp in the south of Khartoum, according to three eyewitnesses and an advisor within Dagalo's paramilitary Rapid Support Forces (RSF). Burhan's air force was studying where the RSF was gathered, using coordinates provided by the army, two military sources told Reuters, describing plans that have not previously been reported. The RSF, meanwhile, had been locating more and more gunmen at Soba and other camps across Khartoum, the same military sources said. The army also established a small committee of senior generals to prepare for a possible conflict with the RSF, the same sources said. Both the army and the RSF were quick to blame the other publicly for sparking the violence and attempting a power grab.

☆ Sudan fighting resurges as UN envoy says ceasefire partly holding
▼ + stars: | 2023-04-25 | by ( Khalid Abdelaziz | ) www.reuters.com time to read: +6 min

The Sudan Armed Forces (SAF) and paramilitary Rapid Support Forces (RSF) agreed to a 72-hour ceasefire beginning on Tuesday after negotiations mediated by the U.S. and Saudi Arabia. U.N. special envoy on Sudan Volker Perthes told the U.N. Security Council on Tuesday that the ceasefire "seems to be holding in some parts so far." The fighting has paralysed hospitals and other essential services, and left many people stranded in their homes with dwindling supplies of food and water. The U.N. humanitarian office (OCHA) said shortages of food, water, medicines and fuel were becoming "extremely acute", prices were surging and it had cut back operations for safety reasons. Since the fighting erupted, tens of thousands have left for neighbouring Chad, Egypt, Ethiopia and South Sudan.

☆ LVMH market cap milestone: First European company to surpass $500 billion in value
▼ + stars: | 2023-04-24 | 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 EmailLVMH market cap milestone: First European company to surpass $500 billion in valueCarter Worth, Worth Charting CEO and founder and CNBC's Robert Frank join 'The Exchange' to discuss the strength of Europe's luxury goods sector, the power of LVMH's diverse offering, and a technical read of the luxury goods space.

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