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Overall U.S. banks' cash assets were $3.26 trillion as of Aug. 23, up 5.4% from the end of 2022. The SVB failure triggered a sudden dash for cash at banks, which within two weeks had bulked up cash assets to $3.49 trillion, the highest level since April 2022. It has $420 billion in cash and $990 billionof what it calls high quality liquidity assets and other unencumbered securities, it said. "The good news is for some of these banks re-investing cash is that we have pretty high short-term rates," said Mac Sykes, portfolio manager at Gabelli Funds. "It's definitely opportunistic and advantageous to be investing short-term securities."
Persons: Carlo Allegri, David Fanger, Moody's, Brendan Browne, Manan Gosalia, Morgan Stanley, Peter Marshall, Mac Sykes, Saeed Azhar, Ann Saphir, Niket, Megan Davies, Nick Zieminski, Richard Chang Organizations: Bank of America, REUTERS, FRANCISCO, Silicon Valley Bank, Signature Bank, Federal, Graphics, Reuters, JPMorgan, Federal Reserve, Regulators, FDIC, Gabelli, Thomson Locations: Manhattan, New York City , New York, U.S, Silicon
The sale will reduce Chemical Industries' stake to 20.95%, giving impetus to Egypt's floundering privatisation programme. Global Investment will provide $150 million to buy the tobacco necessary for production as part of the agreement. The deal "is an affirmation of the government's determination to ... encourage direct private investment in various sectors," the cabinet statement said. Egypt's government sold 4.5% of Eastern Co. on the stock exchange in 2019, leaving the holding company with a majority stake. Egypt desperately needs foreign currency after the COVID pandemic and Ukraine crisis exposed vulnerabilities in its economy.
Persons: Mostafa Madbouly, Momen Saeed Atallah, Adam Makary, Hatem Maher, Patrick Werr, Ros Russell Organizations: Global Investment Holding, Eastern Co, Holding Company, Chemical Industries, Global Investment, International Monetary, Thomson Locations: CAIRO, Eastern, Egypt, Ukraine
CNN —A Saudi court has sentenced a retired teacher to death over his comments online, say his brother and advocacy group Human Rights Watch. Muhammad al-Ghamdi, a 54-year-old retired Saudi teacher, was sentenced “following 5 tweets criticizing corruption and human rights violations,” his brother Saeed bin Nasser al-Ghamdi tweeted last week. According to the European Saudi Organization for Human Rights, Saudi Arabia has executed at least 92 people this year so far. In 2022, UK-based human rights organization ALQST cataloged 148 executions in Saudi Arabia – more than twice the number of executions it recorded in 2021. “The Saudi authorities asked me several times to return to Saudi Arabia, but I refused to do so.
Persons: Muhammad al, , Saeed bin Nasser, Ghamdi, ” Joey Shea, Lina Alhathloul, Loujain, , Saeed Organizations: CNN, Saudi, Human Rights Watch, , Human Rights, European Saudi Organization for Human Rights, Saudi Arabia’s Ministry of Justice, Ministry of Interior Locations: Saudi, Saudi Arabia, United Kingdom
REUTERS/Andrew Kelly//File Photo Acquire Licensing RightsAug 29 (Reuters) - Goldman Sachs (GS.N) will pay a $5.5 million civil penalty to settle allegations it failed to keep records of staff cell phone calls, and for breaching a prior order, the U.S. Commodity Futures Trading Commission (CFTC) said on Tuesday. A Goldman spokesperson said in an email statement sent to Reuters: "We are pleased to have this matter resolved." The CFTC ordered Goldman to pay a $1 million civil monetary penalty and to cease and desist from further violations of CFTC record keeping provisions. The order entered on Tuesday finds that Goldman had additional record-keeping failures in violation of the cease-and-desist provision of the earlier order. Due to problems with a third-party vendor's hardware, the bank failed to fully record and retain thousands of mobile device calls by employees .
Persons: Goldman Sachs, Andrew Kelly, Goldman, Ismail Shakil, Saeed Azhar, Susan Heavey, Michelle Price, Mark Heinrich Our Organizations: New York Stock Exchange, REUTERS, U.S . Commodity Futures Trading Commission, Reuters, CFTC, Wall, Thomson Locations: New York City , New York, U.S, Ottawa, New York
People walk in the Goldman Sachs global headquarters in Manhattan, New York, U.S., November 15, 2021. Goldman's private wealth arm oversees $1 trillion in assets for ultra-high net worth clients, who have $60 million or more in investable assets. The bank can serve high net worth investors through RIA and other wealth management clients, such as Creative Planning, Goldman said. Shares of Goldman Sachs were up 1.8% in afternoon trade. Goldman Sachs & Co LLC is serving as financial advisor and Weil, Gotshal & Manages LLP is serving as legal counsel to Goldman Sachs.
Persons: Goldman Sachs, Andrew Kelly, David Solomon, Goldman, Marc Nachmann, Nachmann, Daniel Fannon, Weil, Saeed Azhar, Manya, Marguerita Choy, Megan Davies Organizations: REUTERS, Creative Planning, United Capital Financial Partners, Wealth Management, Reuters, Jefferies, Co, Gotshal, Manya Saini, Thomson Locations: Manhattan , New York, U.S, New York, Bengaluru
Goldman Sachs to sell wealth advisory unit to Creative Planning
  + stars: | 2023-08-28 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Andrew Kelly//File Photo Acquire Licensing RightsAug 28 (Reuters) - Goldman Sachs (GS.N) on Monday said it has struck a deal to sell an investment advisory business to wealth management firm Creative Planning LLC. Creative Planning is an independent wealth management firm with more than 2,100 employees across its affiliates and $245 billion in combined assets under management and advisory. "It is margin accretive to Asset & Wealth Management and allows us to focus on the execution of our premier ultra-high net worth wealth management and workplace growth strategy," said Marc Nachmann, Goldman Sachs global head of Asset & Wealth Management in a statement. The bank can serve high net worth investors through RIA and other wealth management clients, such as Creative Planning, he said. Goldman Sachs & Co LLC is serving as financial advisor and Weil, Gotshal & Manages LLP is serving as legal counsel to Goldman Sachs.
Persons: Goldman Sachs, Andrew Kelly, David Solomon, Goldman, Marc Nachmann, Weil, Manya Saini, Saeed Azhar, Marguerita Choy Organizations: New York Stock Exchange, REUTERS, Creative Planning, United Capital Financial Partners, Creative, Wealth Management, Co, Gotshal, Thomson Locations: New York City , New York, U.S, Bengaluru, New York
"It is exhausting, there are many patients and there's a lot of suffering," said Omar al-Saeed, a striking nurse at Port Sudan teaching hospital. According to the UN, more than 100,000 have fled to Port Sudan, filling up the already dense city's hospitals and shelters, while fighting is focussed in Khartoum and the west of the country. Sudanese hospitals have long been under-funded, and strikes by medical staff have been frequent. The war, during which many hospitals in areas of fighting have been damaged, has brought the system to its knees. Doctors in Port Sudan have had to grapple with power cuts, intense humidity and medicine shortages, while patients are kept in close confines though many have respiratory illnesses, hospital officials say.
Persons: Omar al, Saeed, Bashir, Martin Griffiths, Ayat Mohamed, Dar Abnaa, Ibrahim Mohammed Ishak, Nafisa Eltahir, Conor Humphries Organizations: Sudanese, Rapid Support Forces, Port Sudan, UN, United, Dar, Thomson Locations: Port Sudan, Khartoum, Sudan, PORT SUDAN, Red, United Nations
An HSBC bank is pictured during the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., October 19, 2020. REUTERS/Carlo Allegri Acquire Licensing RightsAug 24 (Reuters) - HSBC (HSBA.L) said on Thursday it has expanded venture debt offering to early-stage startups through its U.S. innovation banking division. Debt has become an increasingly popular option for startups looking for cash in a tough financing market. HSBC hired 42 bankers from Silicon Valley Bank (SVB), which collapsed in March. "We've been working to mobilize the broader HSBC innovation banking platform around to really be able to support companies from Series A, all the way through their journey," said David Sabow, head of technology and healthcare at the bank's U.S. innovation banking unit.
Persons: Carlo Allegri, We've, David Sabow, Manya Saini, Saeed Azhar, Shinjini Ganguli, Tomasz Janowski Organizations: HSBC, REUTERS, Silicon Valley Bank, Federal Reserve, KPMG, Thomson Locations: Manhattan, New York City , New York, U.S, London, Silicon, United States, Israel, Hong Kong, Bengaluru, New York
ISLAMABAD, Pakistan—During the first hour they were stranded in a broken cable car this week, the six children and two adults dangling 1,000 feet in the air had no way of speaking to their families because the cellphone signal was down in their remote part of northern Pakistan.
Locations: ISLAMABAD, Pakistan
Oleg Panteleev, head of the AviaPort aviation think-tank in Moscow, said Russian airlines have "solved the problem" of operating under Western sanctions. When those firms stopped providing services – Lufthansa Technik said it suspended sales to Russia from Feb. 28, 2022 – Russian airlines turned to a pool of far smaller suppliers. Ivan Melnicov, chief executive of Air Rock and another aircraft parts distributor in Moldova called Aerostage Services, denied selling products to Russia. Most of the shipments listed in Russian customs records as having been made by Air Rock and Aerostage took circuitous routes, transiting through the UAE or Kyrgyzstan. He said Skyparts had procured one of the Northrop Grumman parts from a U.S. supplier but denied ever sending it to Russia.
Persons: Paul Hanna, Northrop, Oleg Panteleev, Kirill Skuratov, Northrop Grumman, Ivan Melnicov, Melnicov, Aerostage, Kafolati Komil, Mahmadbashir Yakubov, Kafolati, Skyparts FZCO, Lisa Barrington, Saeed Abdulloev, Skyparts, Karine Bukrey, Ramses Turizm, Bukrey's, Ramazan, Bukrey, Akpinar, Nordwind, Valery Pashaev, Pashaev, Maurice Tamman, David Clarke, Daniel Flynn Organizations: Ural Airlines Airbus, Palma de Mallorca, REUTERS, Rights, U.S ., Northrop Grumman, Central Asia, Airbus, Boeing, Ural Airlines, Northrop, United Arab Emirates, Western, Reuters, of Commerce, European Union, Russian, S7 Airlines, Reuters Graphics Reuters, Aeroflot, Lufthansa Technik, Engineering, Rock Solutions, Air Rock, Aerostage Services, Airlines, UAE, Istikloliyat, Skyparts, Nordwind Airlines, Thomson Locations: Palma de, Spain, Russian, Yekaterinburg, U.S, Moscow, Russia, Central, Ukraine, Tajikistan, UAE, Turkey, China, Kyrgyzstan, Swiss, Germany, Moldova, Air, Moldovan, Saudi Arabia, Komilchon, Ural, Dubai, United Arab, Turkish, Antalya, Nusret, Technic, New York
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Persons: Dow Jones Locations: asia
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/asia/afghans-who-allied-with-u-s-face-killings-arrests-under-taliban-rule-u-n-finds-7adac5ee
Persons: Dow Jones Locations: asia
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/asia/pakistans-army-mounts-midair-rescue-effort-for-children-trapped-in-cable-car-94b999f3
Persons: Dow Jones Locations: asia
The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. The purchase was aimed at broadening Goldman's client list beyond the ultra-rich, but the unit has remained a small part of the bank's wealth business. High net worth individuals - who would fall within the business Goldman is considering selling - typically have about $1 million to $10 million to invest. Goldman's wealth business has lagged behind rivals, including Morgan Stanley (MS.N), where CEO James Gorman built the wealth management arm through a series of acquisitions that generate steady income from fees. The bank plans to grow its core wealth business serving ultra-high-net-worth clients, reiterating aspirations from its investor day in late February.
Persons: Goldman Sachs, Andrew Kelly, David Solomon, Goldman, Stephen Biggar, They've, Biggar, RIA, Morgan Stanley, James Gorman, Solomon, Marcus, Saeed Azhar, Lananh Nguyen, Tom Hogue, Sharon Singleton, Jonathan Oatis, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Argus Research, RIA, United Capital Financial Partners, Thomson Locations: New York City , New York, U.S, Ayco
Citigroup mulls plan to split its largest division - source
  + stars: | 2023-08-21 | by ( ) www.reuters.com   time to read: +2 min
The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. The bank is unlikely to replace Ybarra, the head of its Institutional Clients Group (ICG), the source said on Monday. The plans are still being considered and have not been finalized, the source said. The ICG unit provides financial services to institutional investors and governments. Its shares fell 0.6% alongside a broader decline in the S&P bank index, which dropped 0.5% in Monday trading.
Persons: Chris Helgren, Paco Ybarra, Jane Fraser, Scott Siefers, Piper Sandler, Ybarra, Tatiana Bautzer, Saeed Azhar, Lavanya, Dhanya Ann Thoppil, Hugh Lawson, Mark Potter Organizations: Citigroup Inc, Citi, REUTERS, Citigroup, Ybarra, Group, ICG, Financial Times, Reuters, Thomson Locations: Toronto , Ontario, Canada, New York, Bengaluru
Goldman Sachs weighs sale of part of its wealth business
  + stars: | 2023-08-21 | by ( Saeed Azhar | ) www.reuters.com   time to read: +3 min
The purchase aimed to broaden Goldman's client list beyond the ultra-rich, but the unit has remained a small part of the bank's wealth business. The potential divestments come after CEO David Solomon reorganized the firm into three units last year and scaled back ambitions for its loss-making consumer business. Goldman's wealth business has lagged rivals, including Morgan Stanley (MS.N), where CEO James Gorman built the wealth management arm through a series of acquisitions that generate steady income from fees. The bank plans to grow its core wealth business serving ultra-high net worth clients, reiterating aspirations from its investor day in late February. Other core wealth businesses include workplace financial planning through Ayco, and Marcus savings, Goldman said.
Persons: Goldman Sachs, Andrew Kelly, Goldman, RIABiz, David Solomon, Stephen Biggar, They've, Biggar, Morgan Stanley, James Gorman, Solomon, Marcus, Saeed Azhar, Lananh Nguyen, Tom Hogue, Sharon Singleton Organizations: New York Stock Exchange, REUTERS, GreenSky, RIA, United Capital Financial Partners, Argus Research, Thomson Locations: New York City , New York, U.S, Ayco
The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNEW YORK, Aug 21 (Reuters) - Goldman Sachs (GS.N) is weighing the sale of a part of its wealth business catering to high net worth clients, it said on Monday, as it shifts its focus back to serving the ultra-rich. The purchase aimed to broaden Goldman's client list beyond the ultra-rich, but the unit has remained a small part of the bank's wealth business. Goldman's private wealth unit oversees $1 trillion in assets for ultra-high net worth clients. The bank plans to grow its core wealth business serving ultra-high net worth clients, reiterating aspirations from its investor day in late February.
Persons: Goldman Sachs, Andrew Kelly, Goldman, David Solomon, Solomon, Marcus, Saeed Azhar, Lananh Nguyen, Tom Hogue Organizations: New York Stock Exchange, REUTERS, United Capital Financial Partners, Thomson Locations: New York City , New York, U.S, Ayco
But in Australia, relative newcomers to the game’s big leagues, the arrival of the world’s best women’s players has left old and new fans starry-eyed with possibility. Despite placing fourth – the team’s best finish at a World Cup – the ability of relative outsiders to make it that far has elevated Australia’s Matildas to hero status. Fans cheer Spain's victory while watching a live transmission of the FIFA Women's World Cup 2023 in Madrid. Australia fans celebrate at Melbourne's Federation Square after the Matildas scored the opening goal in their FIFA World Cup round-of-16 match against Denmark on August 7. It’s not just football, it’s different.”Spain's players celebrate with the trophy after winning the 2023 Women's World Cup.
Persons: Sydney CNN —, , Luis Rubiales, Jennifer Hermoso, Gianni Infantino, , Matildas, Spain's, Denis Doyle, , Australia’s, might’ve, Sam Kerr, Asanka Ratnayake, that’s, Matilda Karen Menzies –, there’s, Kerr, Australia's Sam Kerr, England's Keira Walsh, Ulrik Pedersen, they’ve, Andrea Ellis, ” Ellis, you’re, Sarai Bareman, Saeed Khan, Infantino, Joanna Lohman, Rubiales, Jorge Vilda, RFEF, Sisters, Simmi Nanduo, ” Louise Nussac, Vilda, Kelly Stroda, La, Hilary Whiteman, d’Or Féminin, Alexia Putellas Organizations: Sydney CNN, Sydney’s, FIFA, La Roja, Royal Spanish Football Federation, derisory, England, Sweden, Melbourne's, Denmark, Australia’s, UEFA European, Sunday’s, Women’s Football, FIFA Women’s Football Convention, Getty, United States Women’s National, , Sky News, CNN, , World Locations: Australia, Europe, Madrid, England, Bromley ,, London, AFP, Texas, Spanish, Paris, France, Spain, La Roja
CNN —Newly crowned Women’s World Cup winner Alexia Putellas spoke passionately after Sunday’s final victory over England about the need for FIFA to “take note” of the issues facing women in the sport. (From L to R) Alexia Putellas, Jennifer Hermoso and Irene Paredes celebrate with the trophy after winning the World Cup. The 2023 Women’s World Cup broke several viewing records throughout the competition and in a number of different countries. In his speech at the FIFA Women’s Football Convention in Sydney on Friday, FIFA president Gianni Infantino claimed over 2 billion people had tuned in to the competition, hailing it as a “truly transformational” event. Spain’s victory earned the country’s maiden Women’s World Cup title, having only qualified for the flagship event three times, and it now joins Germany as the only nations to win both a men’s and women’s World Cup.
Persons: Alexia Putellas, – Putellas, it’s, Ballon d’Or, ” Putellas, , “ We’ve, Jennifer Hermoso, Irene Paredes, Saeed Khan, Jorge Vilda, Putellas, , Gianni Infantino Organizations: CNN, FIFA, Colombian, CNN Sport, Getty, Spain, England, US Soccer, Seven Network, OzTAM, FIFA Women’s Football Convention Locations: England, AFP, Canada, Jamaica, Australia, New Zealand, Barcelona, Sydney, Germany
CNN —Spain has thrilled its fans and neutrals alike with some scintillating performances en route to a historic Women’s World Cup final against England on Sunday. Prior to this tournament, Spain had never won a knockout match at a Women’s World Cup. Spain has won three knockout matches for the first time at the Women's World Cup. But Spain, nevertheless, went on to make history at this World Cup. Alex Grimm/FIFA/Getty ImagesIn 2022, Spain won both the Under-17 and Under-20 Women’s World Cup.
Persons: Jorge Vilda, Spain’s, Alexia Putellas, Spain's Salma Paralluelo, Andrew Cornaga, Irene Paredes, Jennifer Hermoso, Vilda, , Mariona, Aitana, Ona, Saeed Khan, Sandra Paños, Mapi Leon, Patricia Guijarro, El Periodico, Leon, , Rafael del Amo, Angel Vilda, Molly Darlington, Luis Rubiales, Alex Grimm, Salma Paralluelo, we’ve, , Virginia Torrecilla, Abbie Parr Organizations: CNN, England, Vilda, Spanish national, Getty, The Athletic, Diario de Navarra, Spanish, Real, Barcelona’s, League, FIFA, Sweden, AS, Spain, Spain’s, Twitter, Locations: Spain, Netherlands, Sweden, Barcelona, Japan, La, Ona Batlle, AFP, The, Real Madrid, Marca
The 75th Cannes Film Festival - Photocall for the film "Leila's Brothers" in competition - Cannes, France, May 26, 2022. The Iranian Cinema Directors Association said in an Instagram post that it was “the strangest judiciary sentence in the history of Iranian cinema”. It said the movie, "Leila's Brothers", had been approved by the government and the Iranian government itself had participated at the Cannes festival for years. “Such a strange sentence is a futile attempt to humiliate this young and intelligent filmmaker of Iranian cinema,” the association said. Several independent filmmakers said they saw the sentence as a diversion from the upcoming anniversary of the Sept. 16, 2022 death in custody of Mahsa Amini.
Persons: Saeed Roustayi, Stephane Mahe, Roustayi, Javad Noruzbegi, Mahsa, Mahnaz Mohammadi, Martin Scorsese, Francis Ford Coppola, Scorsese, Frances Kerry Organizations: Cannes, Iranian Cinema, Reuters, Etemad, Thomson Locations: France, Iranian
CNN —Famed Iranian director Saeed Roustaee has been sentenced to six months in prison, according to local reports, after presenting his most-recent film at the Cannes International Film Festival last year. Roustaee screened the film “Leila’s Brothers,” a movie about a family in Tehran trying to make ends meet, in competition for the Palme d’Or, the highest prize awarded at Cannes. Roustaee and “Leila’s Brother” producer Javad Noruzbegi were sentenced to six months for airing the film and “contributing to the opposition’s propaganda against the Islamic regime,” according to Iranian media. “His voice needs to be heard.”“Leila’s Brothers” was previously banned in Iran, as officials ruled the film “broke the rules by being entered at international film festivals without authorisation,” the AFP reported. Though it did not win the Palme d’Or, the film won two other prizes at Cannes, and was nominated for Best International Film at the Munich International Film Festival.
Persons: CNN —, Saeed Roustaee, Roustaee, , Palme, Ruben Ostlund’s, Javad Noruzbegi, Martin Scorsese, Francesca Scorsese, Scorsese, , Jafar Panahi, Tara Sepehri, Panahi Organizations: CNN, Cannes, AFP, Iranian Foreign Ministry, Munich, Human Rights Watch Locations: Tehran, American, Iran
Megacap technology-related growth stocks dipped, with Alphabet (GOOGL.O) and Tesla (TSLA.O) falling, as investors fretted that interest rates could stay higher for longer. The tech-heavy Nasdaq (.IXIC) posted the biggest weekly decline of the three major indices. The Dow Jones Industrial Average (.DJI) rose 34.29 points, or 0.10%, to 34,510.38. The S&P 500 energy index (.SPNY) rose, with Exxon Mobil (XOM.N) among leading gainers. Shares of cryptocurrency firm Coinbase Global (COIN.O) fell and Riot Platform (RIOT.O) tumbled as bitcoin hit a two-month low.
Persons: Jason Reed, Estee Lauder, Jerome Powell, Nvidia's, Michael Reynolds, Amruta Khandekar, Saeed Azhar, Maju Samuel, David Gregorio Our Organizations: U.S . Federal, REUTERS, Federal, Nasdaq, Nvidia, Dow Jones, Walmart, Exxon Mobil, Treasury, Thursday, Hawaiian, Coinbase, Thomson Locations: Washington, Bengaluru, New York
England's players react after winning the Australia and New Zealand 2023 Women's World Cup semi-final football match between Australia and England at Stadium Australia in Sydney on August 16, 2023. Franck Fife | AFP | Getty ImagesEngland have made more history, reaching their first Women's World Cup final after beating Australia 3-1 to set up a showdown with Spain on Sunday. England drew first blood as Ella Toone (36) curled home a superb effort as the Matildas conceded their first World Cup goal since the second group game against Nigeria - a run of well over five hours. Read more stories from Sky SportsEngland football fans celebrate at Boxpark Wembley following the FIFA Women's World Cup Australia & New Zealand 2023 Semi Final match between England and Australia on August 16, 2023 in London, England. England's forward #23 Alessia Russo (R) scores a goal past Australia's goalkeeper #18 Mackenzie Arnold during the Australia and New Zealand 2023 Women's World Cup semi-final football match between Australia and England at Stadium Australia in Sydney on August 16, 2023.
Persons: Franck Fife, amble, Ella Toone, Sam Kerr, Lauren Hemp, Alessia Russo, Read, Chris J Ratcliffe, Arjan, Kerr, Mary Earps, Mackenzie Arnold, Georgia Stanway, Toone, Russo, Haley, Clare Polkinghorne, Hayley Raso, Arnold, Mary Fowler, Caitlin Foord, Millie Bright, Bright, Ellie Carpenter, Saeed Khan, Earps, Kane Organizations: Australia, England, AFP, Getty, Sunday, Nigeria, Spain, Sky Sports England, Wembley, FIFA, New Zealand, eventual, Clare, Georgia, Earps, Chelsea, Hemp, Colombia Locations: New Zealand, Australia, Sydney, Spain, New, London, England, Georgia
A prominent Iranian film director and an Iranian producer were sentenced on Tuesday to six months in prison for creating the film “Leila’s Brothers” and screening it at the Cannes Film Festival without official approval, according to the country’s news media. Saeed Roustaee, the film’s director, and Javad Noruzbegi, who produced the film with Roustaee, were both sentenced to six months in prison by the Islamic Revolutionary Court in Tehran for “participating in the opposition’s propaganda against the Islamic regime,” according to the conviction announcement made by the court and reported in Etemad, an Iranian reformist newspaper. “The defendants aligned with the oppositional media, under the influence of propaganda, in line with the counter-revolutionary (anti-regime) forces,” the announcement read. “With the aim of raising money and seeking fame,” it said, they “prepared fodder and intensified the media battle against the religious authority.”Roustaee and Noruzbegi will serve about nine days of their sentence, with the remainder suspended for five years, Etemad reported. During that period, Roustaee and Noruzbegi will be required to complete a 24-hour course about “creating movies aligned with national interests and national morality” and refrain from associating with other individuals in the film industry, according to Etemad.
Persons: Saeed Roustaee, Javad Noruzbegi, , , Etemad Organizations: Cannes, Islamic Revolutionary, Locations: Iranian, Tehran, Etemad
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