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☆ G7 oil price cap not to blame for Turkey tanker queues, EU says
▼ + stars: | 2022-12-09 | by ( Kate Abnett | ) www.reuters.com time to read: +2 min

The queues have coincided with the introduction of a plan this week by G7 countries and the European Union to stop insurers from helping to export Russian oil by ship unless it is sold at a capped price, in an attempt to reduce Moscow's oil revenues. "This situation is not due to the G7 oil price cap, since there is, in any case a 45-day wind-down period for seaborne Russian crude oil purchased before 5 December," a European Commission spokesperson told Reuters in emailed comments. The Commission spokesperson said that after this transition period, Turkish authorities can continue to verify the insurance policies of tankers in "exactly the same way as before". "We are therefore in contact with the Turkish authorities to seek clarifications and are working to unblock the situation," the spokesperson said. On Thursday, dismissing pressure from abroad over the lengthening queue, Turkey's maritime authority said it would continue to keep out of its waters oil tankers that lacked the appropriate insurance letters, and it needed time for checks.

☆ Number of oil tankers waiting at Bosphorus rises by five - Turkish agency
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +2 min

ISTANBUL, Dec 8 (Reuters) - The number of oil tankers waiting in the Black Sea to cross Istanbul's Bosphorus strait on the way to the Mediterranean rose by five to 16 on Thursday, a shipping agency said, amid talks between Western and Turkish officials on steps to resolve the tanker queues there. A British Treasury official has said those talks were happening after the G7 and European Union rolled out new restrictions on Dec. 5 aimed at Russian oil exports. But a separate Turkish measure in force since the start of the month has caused a logjam, requiring vessels to provide proof they have insurance covering the duration of their transit through the Bosphorus strait or when calling at Turkish ports. The Tribeca shipping agency named five new tankers longer than 200 metres waiting north of the Bosphorus strait to cross southbound towards the Mediterranean Sea, in addition to the 11 named a day earlier. At the Dardanelles strait further south, nine tankers were waiting to cross southbound, down from 12 a day earlier, the agency said.

☆ Factbox: Why are oil tankers stuck in Turkish waters?
▼ + stars: | 2022-12-08 | by ( Jonathan Saul | ) www.reuters.com time to read: +5 min

LONDON, Dec 8 (Reuters) - Turkey's maritime authority said on Thursday it would continue to block the passage of oil tankers that don't carry appropriate insurance letters, adding that insurance checks on ships in its waters were a "routine procedure". The logjam is creating growing unease in oil and tanker markets and comes as the G7 and European Union introduce a price cap on Russian oil. Millions of barrels of oil per day move south from Russian ports through Turkey's Bosphorus and Dardanelles straits into the Mediterranean. Ships typically have protection & indemnity (P&I) insurance, which covers third party liability claims including environmental damage and injury. Turkish authorities introduced new requirements, which came into effect at the beginning of December, in which every ship must have P&I insurance cover in place for all circumstances when sailing through Turkish waters or when calling at ports.

☆ Oil tankers are getting stuck in the Black Sea. That could become a problem
▼ + stars: | 2022-12-08 | by ( Hanna Ziady | ) edition.cnn.com time to read: +5 min

A further nine tankers were waiting to cross southbound from the Sea of Marmara through the Dardanelles strait into the Mediterranean. The snag is linked to a Western price cap on Russian oil that came into effect on Monday. Countries including Russia, Kazakhstan and Azerbaijan use the Turkish straits to get their oil to world oil markets. The traffic jam in the Turkish straits arose following the imposition this week of the price cap on Russian oil. Turkish officials say this position is “unacceptable” and on Thursday reiterated demands for letters from insurers.

☆ Oil tankers queuing to transit Turkish straits face more delays - sources
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +2 min

Companies Ingosstrakh SPAO FollowISTANBUL, Dec 6 (Reuters) - At least 20 oil tankers queuing off Turkey to cross from Russia's Black Sea ports to the Mediterranean face more delays as operators race to adhere to new Turkish insurance rules added ahead of a G7 price cap on Russian oil, industry sources said. The new rule was announced before a $60 per barrel price cap was imposed on Russian seaborne crude this week, Western insurers are required to retain proof that Russian oil covered is sold at or below that price. Millions of barrels of oil per day move south from Russian ports through Turkey's Bosphorus and Dardanelles straits into the Mediterranean. Tribeca shipping agency said nine oil tankers were waiting to transit the Dardanelles southbound on Tuesday. The only tanker passing the straits after the deadline, Vladimir Tikhonov, was insured by Russia's Ingosstrakh (INGSI.MM), the source added.

The cases were weeks apart and eerily similar: Two young men at popular New York City gay bars. Both of their bank accounts were drained. The New York City Police Department said that the city’s medical examiner is still determining the official causes of Ramirez’s and Umberger’s deaths. John Umberger was found dead in New York City in May and his bank accounts were drained. “It’s horrifying and infuriating that people are being preyed upon and victimized in New York City in this way,” Bottcher said.

☆ China is easing its Covid measures. Here’s how market pros are playing it
▼ + stars: | 2022-11-15 | by ( Zavier Ong | ) www.cnbc.com time to read: +4 min

China announced a shortening of its quarantine requirements last week, while simplifying travel rules and adjusting its monitoring regime. China has stood firm on its zero-Covid policy even as countries around the world adopt a "live with the virus" approach. Fund manager Brian Arcese believes the market reaction reflects the "underlying fundamentals that earnings will really start to improve." Meanwhile, Arcese, who is a portfolio manager at Foord Asset Management, said the firm has a China exposure of about 20%. It should benefit from the re-opening of China as tourism gradually recovers to pre-Covid levels," he added.

☆ Tiger Global, Coatue, and other hedge funds tried to upend venture capital. It backfired and now they're 'licking their wounds,' VCs say.
▼ + stars: | 2022-11-11 | by ( Darius Rafieyan | Melia Russell | ) www.businessinsider.com time to read: +10 min

New investments by Tiger Global and Coatue fell 60% and 67%, respectively, this year. "They're licking their wounds," said Nihal Mehta, a founding partner at Eniac Ventures, whose portfolio includes the marketing-tech startup Attentive, a crown jewel of Tiger Global and Coatue's portfolios. Speaking to founders, Mehta hears crossover funds come up less and less in conversation, and partners at some crossover funds tell him they're pulling back from new deals, though crossover funds haven't disappeared altogether. Crossover funds found themselves with billions of dollars in deployed capital and few exits in sight. Last month, Tiger Global and Coatue both revealed they are seeking to raise new funds earmarked for early-stage startup deals.

33-year-old nonprofit worker Micah H. paid off six figures of student loans in 13 years. She started paying them off while she was in college, then continued for the next several years. Insider's Featured Student Loan Refinance Companies SoFi Student Loan RefinancingSplash Financial Student Loan RefinancingEarnest Student Loan Refinancing Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Micah used the money she was saving on eating out to pay off her student loan debt faster. Once her housing costs were down from $1,600 to $750, she was able to put the $850 savings each month toward her student loans.

☆ Dollar, bond yields rise ahead of pivotal rate hikes
▼ + stars: | 2022-10-31 | by ( Marc Jones | ) www.reuters.com time to read: +6 min

Combined with news that Italy's economy grew far more strongly than expected in the third quarter, euro zone bond yields moved higher EUR/GVD although the euro succumbed to another bout of U.S. dollar strength. /FRX"A lot of data is coming out this week and lot of central banks are meeting," said Societe Generale strategist Kit Juckes. Palm oil futures rose nearly 5%. In the oil markets, Brent crude futures fell 1% to $94.65 a barrel, while spot gold was fractionally lower at $1,637 an ounce in the precious metals markets. Additional reporting by Tom Westbrook in Singapore; Editing by Kirsten Donovan and Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.

☆ Stocks splutter, euro falls ahead of euro zone inflation data
▼ + stars: | 2022-10-31 | by ( Marc Jones | ) www.reuters.com time to read: +6 min

,Euro zone October inflation numbers due shortly are seen hitting a fresh record of 10.2% year on year, in what will make for more uncomfortable reading for the European Central Bank, which is targeting 2% price growth. Combined with news that Italy's economy grew far more strongly than expected in the third quarter, euro zone bond yields moved higher EUR/GVD although the euro succumbed to another bout of U.S. dollar strength. /FRX"A lot of data is coming out this week and lot of central banks are meeting," said Societe Generale strategist Kit Juckes. We are now waiting for euro zone GDP and CPI. S&P 500 futures fell 0.2%, while Germany's 10-year government bond yield, the benchmark for the euro area, was up 5.5 basis points (bps) to 2.143%.

☆ Stocks rally wobbles as Fed hike draws near
▼ + stars: | 2022-10-31 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan rose 1%, though China stocks were held flat by disappointing economic data. The index is down ten months in a row and near two-year lows, rattled by growth and interest-rate hike fears. The mixed performance follows an erratic earnings season on Wall Street and bond and currency markets tempering some wagers on a change in tone from the Fed. S&P 500 futures fell 0.2%, while European futures rose 0.4%. Palm oil futures rose nearly 5%.

☆ Asia stocks creep higher on hopes Fed will tone down hikes
▼ + stars: | 2022-10-31 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

But China stocks fell following weak economic data, and the MSCI index is set for a tenth consecutive monthly loss. The performance follows a Friday rally on Wall Street but comes with bond and currency markets tempering some wagers on a change in tone from the Fed. S&P 500 futures fell 0.2%. Corn futures rose 2%. Rates and Fed funds futures traders have now tempered initial optimism and see the funds rate hitting near 5% by May next year.

☆ There is an 'enormous amount of opportunity' in China stocks, says portfolio manager
▼ + stars: | 2022-10-31 | 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 EmailThere is an 'enormous amount of opportunity' in China stocks, says portfolio managerJun Bei Liu of Tribeca Investment Partners says 2023 will be a good year for China's economy, especially for domestic consumption.

☆ See the pitch deck media company Jubilee used to raise $1.1 million
▼ + stars: | 2022-10-27 | by ( Marta Biino | ) www.businessinsider.com time to read: +3 min

Jubilee is a media company best known for its YouTube videos about empathy. See the pitch deck that persuaded investors to bet on Jubilee and its new venture. In September, the media company Jubilee announced a $1.1 million seed-plus round, led by Strong Ventures and with the support of several angel investors. "We were really strategic to actually look for angel investors who had tech experience," Lee said. Read through 12 pages of the pitch deck Jubilee used to raise its $1.1 million seed-plus round:Note: Four slides containing confidential information were removed at Jubilee's request.

☆ Read the 12-page pitch deck that content studio Jubilee used to raise $1.1 million to expand beyond YouTube and TikTok
▼ + stars: | 2022-10-27 | by ( Marta Biino | ) www.businessinsider.com time to read: +3 min

☆ 'Sharks circling in the water': Contentious cram-down rounds are coming and going to dilute startup shareholders. Founders and investors should be wary.
▼ + stars: | 2022-10-12 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +6 min

Funding rounds are set to become more contentious; "knives tend to come out," said one investor. Having been in the VC game for more than 25 years, he knows what inevitably follows periods of irrational exuberance: cram downs. A cram-down round refers to a situation in which a company raises money at terms favorable to new investors, at the expense of current shareholders. In good times, when valuations are going up and VCs have money to spare, exercising pro rata rights is usually a no-brainer. The investors that step up to fill that void — usually late-stage VC growth funds or strategic investors — often demand terms that severely dilute or "cram down" the shares of existing shareholders.

In an interview with the Los Angeles Times, Monae said she uses both she/her and they/them pronouns. Jerrod CarmichaelJerrod Carmichael accepts Outstanding Writing for "Jerrod Carmichael: Rothaniel" at the 74th Primetime Emmys in Los Angeles, on Sept. 12, 2022. Charlee CorraCharlee Corra speaks at Human Rights Campaign dinner on March 12, 2022 in Los Angeles. Ellia GreenEllia Green, right, with his partner Vanessa Turnbull-Roberts and their daughter in Sydney, Australia, on Aug. 15, 2022. Blair came out publicly this year after serving as a consultant for Amazon Prime’s very queer TV reboot of the decades-old film.

☆ Bed Bath & Beyond reports 28% drop in sales as it presses ahead with turnaround plan
▼ + stars: | 2022-09-29 | by ( Melissa Repko | ) www.cnbc.com time to read: +4 min

A person enters a Bed Bath & Beyond store on October 01, 2021 in the Tribeca neighborhood in New York City. Bed Bath & Beyond on Thursday said sales plunged by 28% in the fiscal second quarter, as the home goods retailer struggled to draw customers. It also announced cost-cutting measures, including layoffs and closing about 150 Bed Bath & Beyond stores. She said Bed Bath is "confident that our current liquidity will enable the necessary changes we are implementing." Bed Bath faces several significant challenges, including mounting debt, vacant leadership roles and tense relationships with vendors.

☆ Chinese stocks likely to do relatively well next year, says portfolio manager
▼ + stars: | 2022-09-27 | 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 EmailChinese stocks likely to do relatively well next year, says portfolio managerJun Bei Liu of Tribeca Investment Partners says it expects China's economic recovery to begin next year, though exports will be "a little bit tougher."

☆ 8 companies Amazon, Microsoft, or Google might buy as they shop for deals amid the market downturn, including Workday, Unity, and Roku
▼ + stars: | 2022-09-15 | by ( Belle Lin | ) www.businessinsider.com time to read: +13 min

That means Amazon Web Services, Microsoft Azure, and Google Cloud could be poised for a merger-and-acquisition spree. As for cloud acquisitions, analysts said Amazon's cloud unit didn't often buy companies. Cybersecurity has been a greater focus for Microsoft, AWS, and Google Cloud after the hack of the IT-software company SolarWinds in 2020. In 2019, Google purchased the data-analytics company Looker for $2.6 billion in cash under Google Cloud CEO Thomas Kurian. With Kurian at the helm, bringing with him the Oracle acquisition playbook, Google Cloud may now have a bigger M&A appetite.

☆ 23 Black leaders who are shaping history today
▼ + stars: | 2021-02-01 | by ( Courtney Connley | ) www.cnbc.com time to read: +39 min

Following the lead of trailblazers throughout American history, today's Black history-makers are shaping not only today but tomorrow. —Cory StiegRosalind Brewer, 58, Walgreens' next CEO and only Black woman to currently lead a Fortune 500 firmWalgreens' next CEO Rosalind Brewer. When she steps into this new role, she will be the only Black woman currently leading a Fortune 500 firm, and just the third Black woman in history to serve as a Fortune 500 CEO. "When you're a Black woman, you get mistaken a lot," she said during a 2018 speech at her alma mater, Spelman College. —Tom Huddleston Jr.Jason Wright, 38, first Black president of a National Football League teamWashington Football Team president Jason Wright.

Persons: Shirley Chisholm, John Lewis, Maya Angelou, Mary Ellen Pleasant, Kamala Harris, Gene Kim, Harris, Shyamala Gopalan Harris, Shyamala, —, — Cory Stieg Rosalind Brewer, Rosalind Brewer, Ursula Burns, Mary Winston, Brewer, Kimberly, Clark, she's, — Courtney Connley, Kizzmekia, Corbett, Kizzmekia Corbett, Anthony Fauci, Fauci, Dr, — Cory Stieg Victor J, Glover , Jr, Victor Glover, Amanda Gorman, Joe Biden, Gorman, Abraham Lincoln, Martin Luther King Jr, Lady Jill Biden, Robert Frost, Oprah, Angelou, — Jennifer Liu, Amanda Gorman's, Raphael Warnock, Georgia's, Kelly Loeffler, Warnock, Ebenezer Baptist Church —, — Abigail Johnson Hess Rashida Jones, Rashida Jones, Jones, Kristen Welker, Carole Simpson, Nicolle Wallace's, Dorothy Tucker, Brown, — Taylor Locke Sandra Lindsay, Sandra Lindsay, Lindsay, She's, I'm, Jade Scipioni Nicholas Johnson, Princeton's, Nicholas Johnson, Princeton University's, Johnson, William Massey, — Abigail Johnson Hess Cynthia, Cynt, Marshall, Cynthia Marshall, Cynt Marshall, George Floyd, Marshall —, Mark Cuban, Scipioni, Cynthia Marshall's, Dallas Mavericks Cori Bush, Missouri's, Missouri, Cori Bush, Michael Brown, Ferguson, William Lacy Clay Jr, Bush, Essence.com, I've, he's, Louis, Clay, — Jennifer Liu Alicia Boler Davis, Amazon's, Jeff Bezos Alicia Boler Davis, Alicia Boler Davis, Boler Davis, Jeff Bezos, alums, Jennifer Liu, Noah Harris, Harvard Noah Harris, Harvard's, It's, we've, Fentrice Driskell, Du Bois, — Abigail Johnson Hess, Harvard Mellody Hobson, Mellody Hobson, Ariel Investments, Hobson, — Courtney Connley Sydney Barber, Sydney Barber, Barber, Ms, Janie Mines, wasn't, Mines, Jesse Collins, Collins, Indiewire, " Collins, Jennifer Liu Nia DaCosta, Nia DaCosta, Marvel, DaCosta, Nora Ephron, Jordan Peele, Peele, — Tom Huddleston Jr, Aicha Evans, Zoox, Evans, Jason Wright, Wright, He's, Dan Snyder, — Emmie Martin Dana Canedy, Dana Canedy, Simon, Simon & Schuster, Dana Canedy's, Canedy, Denzel Washington, Alicia Adamczyk, Schuster Bozoma Saint John, Saint John, Beyonce, Kanye West, Nicki Minaj, Michael Jackson, — Courtney Connley Cheick Camara, Ermias Tadesse, Cornell University's, Cheick Camara, Ermias Organizations: CNBC, White, South, Latina, Howard University, Alpha Kappa Alpha Sorority, Inc, Democrat, United States Senate, U.S, Walgreens, Fortune, Starbucks, Walgreens Boots Alliance, Xerox, Bed, Sam's, Walmart, Nonwovens, Spelman College, Moderna, National Institute of Allergy, National Urban League, FDA, Vaccine Research, University of North, Space Station, NASA, Capitol, LA, Poet, Harvard, Georgia, Black, Morehouse College cum, Ebenezer Baptist Church, United, MSNBC, University of Missouri's School of Journalism, NBC, ABC News, National Association of Black Journalists, Jewish Medical Center, Northwell, Long, Pfizer, Pew Research Center, Princeton, Massachusetts Institute of Technology, NBA Dallas Mavericks, Dallas Mavericks, NBA, Mavericks, Congress, Senate, Democratic, Green New Deal, General Motors Institute, GM, Amazon, Employees, Amazon's, Ariel Investments, Ariel, Financial Planning's Diversity, Princeton University, JPMorgan, Lucas Family Foundation, Hobson College, Naval, U.S . Naval Academy, U.S . Naval, Naval Academy, Academy, Super, Super Bowl, Jesse Collins Entertainment, ViacomCBS Cable Networks, BET, CMT, Comedy Central, MTV, Paramount Network, VH1, Marvel, Marvel Studios, Marvel Universe, Tribeca, Wall Street, George Washington University, Intel, Financial, Automotive News, National Football League, Washington Football, Washington Football Team, National Football, NFL, Atlanta Falcons, Cleveland Browns, Arizona Cardinals, University of Chicago, McKinsey & Company, Washington, Morning, Simon &, New York Times, Jordan, Crown Publishers, New Yorker, Netflix, Saint, Longtime, Endeavor, Uber, Apple, PepsiCo, BlackGen Capital, Cornell, BlackGen Locations: United States, Oakland , California, India, America, White, California, University of North Carolina, Chapel, Los Angeles, Georgia's, Savannah , Georgia, Ebenezer, Long, New York, Queens , New York, Jamaica, Princeton, Montreal, Canada, Spring, Missouri, Louis, St, Detroit, Hattiesburg , Mississippi, Florida, Chicago, U.S, Lake Forest , Illinois, Sydney, mull, Senegal, Zoox, Charlottesville , VA

☆ Pierderi de miliarde de dolari pentru New York, după ce milioane de oameni au părăsit orașul în timpul pandemiei
▼ + stars: | 2020-12-16 | by ( ) www.jurnal.md time to read: +2 min

În perioada 1 ianuarie- 7 decembrie, mai mult de 3,75 de milioane de persoane au părăsit orașul New York iar alte 3,5 milioane de persoane, cu venituri mai mici, au venit în regiunea metropolitană. Astfel, aproximativ 70.000 de oameni au plecat din metropolă, arată studiul companie Unacast, realizat pe datele anonimizate referitoare la locația telefoanelor mobile. Poate că impactul mai mare este modul în care se schimbă populaţia şi modul în care se schimbă datele demografice”, a declarat Thomas Walle, director executiv şi cofondator al Unacast. Chirii mai mici pentru cartiere de luxImpactul dublu asupra populaţiei şi veniturilor din oraş poate avea consecinţe durabile pentru New York, care se recuperează din criza economică cauzată de pandemie, a spus Walle. ”, a spus acesta.

Persons: Thomas Walle, StreetEasy Locations: New York, metropolitană, Tribeca

☆ (foto) CinePOLSKA. Unde poți privi gratis patru filme poloneze premiate la cele mai importante festivaluri cinematografice
▼ + stars: | 2020-11-05 | by ( Onixmedia Srl | ) diez.md time to read: +5 min

Festivalul CinePOLSKA este o ocazie unică pentru a vedea cele mai recente filme poloneze premiate la cele mai importante festivaluri din Polonia și din lume. Cele patru filme din program vor putea fi vizionate gratuit timp de șapte zile, nefiind necesară obligativitatea înființării unui cont pe platformă. Filmul regizorului polonez a fost vizionat de peste 1,5 milioane de spectatori în cinematografele din Polonia. În timpul comunismului a fost considerat dușman al sistemului, dar a fost protejat de Antonín Zápotocký, prim-ministru și președinte al Cehoslovaciei, căruia Mikolášek i-a salvat piciorul de la amputație. Premiera mondială a „Șarlatanului” a avut loc în cadrul prestigioasei secțiuni Berlinale Special Gala a Festivalului Internațional de Film de la Berlin, ediția 70.

Persons: Holland, Jan Komasa, Jan Mikolášek, Znachor, El, Antonín Zápotocký, Icar, Mieczysław, Dominik Ogrodnik, Bartosz Kruhlik Organizations: ICAR Locations: Cehiei, Polonia, Republica Moldova, CHRISTI, Poloniei, New York, Veneţia, Gdynia, Cehia, Cehoslovaciei, Berlin, Cluj - Napoca, Republicii Moldova

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