DIRS.INFO The most relevant business & tech news

☆ Iran expands stock of near-weapons grade uranium, IAEA reports no progress
▼ + stars: | 2023-09-04 | by ( Francois Murphy | ) www.reuters.com time to read: +4 min

Iran and the IAEA announced an agreement in March on re-installing surveillance cameras introduced under a deal with major powers in 2015 but removed at Iran's behest last year. Only a fraction of the cameras and other monitoring devices the IAEA wanted to set up have been installed. Iran's production of uranium enriched to up to 60% has slowed to around 3 kg a month from about 9 kg a month previously, a senior diplomat said. "Of course, Iran claims (the slowdown in enrichment to up to 60%) as a positive, but more HEU (highly enriched uranium) is still more HEU," one Western diplomat said. CAMERAS WITHOUT FOOTAGEIran's stock of uranium enriched to 60% is now almost three times the roughly 42 kg that by the IAEA's definition is theoretically enough, if enriched further, to produce a nuclear bomb.

Persons: Rafael Grossi, State Anthony Blinken, Francois Murphy, Andrew Cawthorne, Ed Osmond, William Maclean Organizations: Reuters, International Atomic Energy Agency, IAEA, Governors, State, Agency, Thomson Locations: Iran, VIENNA, Tehran, United States, U.S, centrifuges, Isfahan, Esfahan

☆ Walgreens CEO steps down
▼ + stars: | 2023-09-01 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +2 min

New York CNN —Walgreens Boots Alliance on Friday said that CEO Rosalind Brewer has stepped down less than three years after taking the helm at the pharmacy chain. Walgreens’ board named Ginger Graham, a member of the board, as interim CEO as the company launches a search for a permanent CEO. Walgreens slashed its full-year profit guidance in June, warning of softening consumer spending and a pullback in demand for Covid vaccines. Under Brewer, Walgreens had implemented cost-saving measures in an effort to boost profitability in its healthcare segment. Walgreens says it’s a digital-first experimental store to benefit customers and not designed to deter theft, Walgreens says.

Persons: Rosalind Brewer, Brewer, Ginger Graham Organizations: New, New York CNN, Walgreens Boots Alliance, Fortune, Walgreens, Roosevelt, Dick’s Sporting Goods Locations: New York, United States, United Kingdom, Chicago

☆ Reaction to Gabon army officers announcing coup
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +4 min

Below are reactions to what appeared to be the eighth military coup in West and Central Africa since 2020. FRENCH GOVERNMENT SPOKESPERSON OLIVIER VERAN"We condemn the military coup and recall our commitment to free and transparent elections." EU HIGH REPRESENTATIVE FOR FOREIGN AFFAIRS AND SECURITY POLICY JOSEP BORRELL"If this is confirmed, it is another military coup which increases instability in the whole region. RUSSIAN FOREIGN MINISTRY SPOKESPERSON MARIA ZAKHAROVA"Moscow has received with concern reports of a sharp deterioration in the internal situation in the friendly African country. U.N. SECRETARY-GENERAL ANTONIO GUTERRES"The Secretary-General is following the evolving situation in Gabon very closely.

Persons: Gerauds Wilfried Obangome, Ali Bongo, Moussa Faki Mahamat, BOLA TINUBU'S, Bola Ahmed Tinubu, GENERAL PATRICIA SCOTLAND, OLIVIER VERAN, WANG WENBIN, Bongo, JOSEP BORRELL, MARIA ZAKHAROVA, JOHN KIRBY, It's, GENERAL ANTONIO GUTERRES, Nellie Peyton, Sofia Christensen, Alexander Winning, Sharon Singleton, Andy Sullivan Organizations: REUTERS, Central African, AU, H.E, WEST, BLOC ECOWAS, GENERAL, Commonwealth Secretariat, MINISTRY, EU HIGH, Thomson Locations: Libreville, Gabon, West, Central Africa, Gabonese Republic, Republic, NIGERIA, African Union, CHINA, China, Central African Republic, Mali, Burkina Faso, Niger, Moscow

The USAA Rate Advantage Visa® Platinum Credit Card is one of the card options from USAA that doesn't offer rewards. USAA Rate Advantage Visa Platinum Credit Card RewardsThe USAA Rate Advantage Visa® Platinum Credit Card doesn't offer any rewards, which is another one of its downsides. USAA Rate Advantage Visa Platinum Credit Card Benefits and FeaturesThe USAA Rate Advantage Visa® Platinum Credit Card is light on benefits, but there are a few perks to be aware of. USAA Rate Advantage Visa Platinum Credit Card Fees and CostsThe USAA Rate Advantage Visa® Platinum Credit Card doesn't charge an annual fee, nor does it charge any foreign transaction fees. USAA Rate Advantage Visa Platinum Card Frequently Asked QuestionsIs the USAA Rate Advantage Visa Platinum Credit Card a good balance transfer card?

Persons: USAA, Wells Organizations: Reading Chevron, USAA, Wells, Security Locations: USAA, Wells

☆ Black holes can speed through the universe at 17,500 miles per second, scientists say — and the discovery could reveal new laws of physics
▼ + stars: | 2023-08-23 | by ( Sonam Sheth | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

Black holes can move through the universe at 17,500 miles per second, scientists have calculated. That's why black holes appear black. The scientists estimate the recoil speed limit for black holes is around 63 million miles per hour. They calculated that the maximum speed limit that recoiling black holes could reach was around 63 million mph. What if astronomers observe black holes that break this speed limit, recoiling at speeds greater than 63 million mph?

Persons: Carlos Lousto, Imre Bartos Organizations: Service, Rochester Institute of Technology, NASA, JPL, Caltech, University of Florida Locations: Wall, Silicon

Mistakes by air traffic controllers — stretched thin by a nationwide staffing shortage — have been one major factor. So do the air traffic controllers who scour the skies and manage takeoffs and landings. The number of fully trained air traffic controllers nationwide has fallen 10 percent in the past decade. data and the agency’s most recent “Air Traffic Controller Workforce Plan.”Nearly all U.S. air traffic control facilities are understaffed Circles represent 313 air traffic facilities in the United States, including airport towers and larger regional centers. Desiree Rios for The New York TimesPilots, air traffic controllers and federal investigators have warned repeatedly that America’s air safety system is fraying.

Persons: Louis Armstrong, —, ”, Biden, Matthew Lehner, Mr, Lehner, Ilana Panich, Kennedy, Jan, “, ” Jennifer Homendy, Joe Raedle, Reagan, Desiree Rios, ’, ‘ Organizations: Southwest Airlines, Louis Armstrong New, International Airport, Delta Air, New, Airport, American Airlines, Frontier Airlines, Frontier, Federal Aviation Administration, The New York Times, United Airlines, American, Airbus, louisiana Magnolia, Times, Phoenix, NASA, Aviation, Pilots, Technology, U.S, Airlines, United, “, Bergstrom International Airport, Kennedy International, Delta, FedEx, JetBlue Airways, JetBlue, National Transportation Safety, Spirit Airlines, Fort Lauderdale, Las Vegas, San, Casper, Federal Aviation, The Times, FAA, National Transportation Safety Board, Department of, Gulfstream, Miami, The New York Times Pilots, Flying Magazine, Sky Harbor, Boeing Locations: Airport Mississippi, New Orleans, San Francisco, American, Dallas, louisiana, louisiana Magnolia Minden arkansas, Minden louisiana, United States, U.S, San Diego, Phoenix, Swiss, Continental, Buffalo, United, Delta, Southwest, —, Austin, Texas, New York, Austin , Texas, Sarasota , Fla, Burbank, Calif, Boston, New York City, Fort, Salt Lake, Ontario, Denver, Las, Portland ,, Baltimore, Miami, Peoria, Ill, Fort Worth, Jacksonville, Fla, Philadelphia, Fort Lauderdale, Lexington, Ky, Tampa

☆ Why Deutsche Bank is backing British high street stalwart Marks & Spencer for a comeback
▼ + stars: | 2023-08-18 | 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 EmailWhy Deutsche Bank is backing British high street stalwart Marks & Spencer for a comebackAdam Cochrane, general retail and luxury equity research analyst at Deutsche Bank, discusses the earnings of Marks & Spencer and why he is optimistic about the British retailer's future.

Persons: Marks, Spencer, Adam Cochrane Organizations: Deutsche Bank Locations: British

☆ Leaked photos show a Dollar General store with rat-chewed products, a dead rodent, and fecal matter covering the stockroom floor.
▼ + stars: | 2023-08-15 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

Photos at a Dollar General store in Texas show evidence of a rat infestation. It's the latest Dollar General store to face problems with rodents — and resulting health hazards. Rat waste is seen on the floor of the stockroom at the Dollar General store in Texas. A worker said he found this dead rat at the Dollar General store in Texas. On Tiktok, Dollar General workers and customers have also complained about products contaminated by rodents.

Persons: Timothy Organizations: Service, Dollar, Cities Health District, Employees, US Food and Drug Administration, CNN, New York Daily News Locations: Texas, Wall, Silicon, East Texas, Hutto, Austin, Williamson County, Maryland, Massachusetts, Bessemer , Alabama, West Memphis , Arkansas, New York's Queens

☆ 8 US states offer free lunch for students. Here's how they pay for it, from a 4% millionaire's tax to a $0.03 property tax rate increase.
▼ + stars: | 2023-08-14 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

Massachusetts is the latest state to expand free school lunch since a COVID-era program ended. Here's how eight states pay for free lunch for public school students. And Vermont's free meals program, which was allowed through in June 2023 by Gov. And while only a few US states now offer free lunch, some say the momentum for future programs across the nation is growing. "The availability of universal free meals during the pandemic absolutely changed that momentum."

Persons: Maura Healey, Erin McAleer, Joe Biden's, Phil Scott, Susan Caswell, WPBN, There's, Erika Edwards, EducationWeek Organizations: Service, Gov, CBS News, Massachusetts, Associated Press, Portland Press Herald, AP, MPR, Comstock Elementary School, Jefferson County Locations: Massachusetts, Wall, Silicon, California , Colorado , Maine , Michigan, Minnesota, New Mexico, Vermont, Colorado, California, . Maine, Mexico, Michigan, Southwest Michigan, Jefferson

[1/2] A response by ChatGPT, an AI chatbot developed by OpenAI, is seen on its website in this illustration picture taken February 9, 2023. Anecdotal examples of people using ChatGPT to help with their day-to-day work include drafting emails, summarising documents and doing preliminary research. Reuters was not able independently confirm how employees at Tinder were using ChatGPT. In May, Samsung Electronics banned staff globally from using ChatGPT and similar AI tools after discovering an employee had uploaded sensitive code to the platform. Reuters was not able independently to confirm whether employees at P&G were unable to use ChatGPT.

Persons: Florence Lo, ChatGPT, Ben King, King, OpenAI, Tinder, Samsung, Google's Bard, Bard, We've, TATE.L, Dawn Allen, trialing ChatGPT, It's, Paul Lewis, Lewis, Richa Naidu, Martin Coulter, Jason Lange, Alexander Smith Organizations: REUTERS, Reuters, Microsoft, Google, AIs, Samsung Electronics, Cola, Tate, Procter, Gamble, Thomson Locations: WASHINGTON, U.S, United States, Europe, Atlanta , Georgia

☆ UN chief concerned by 'deplorable' living conditions of Niger's president
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: 1 min

U.N. Secretary-General Antonio Guterres speaks about the Black Sea grain corridor outside U.N. Security Council at U.N. headquarters in New York City, U.S., July 17, 2023. REUTERS/Brendan McDermid/File PhotoUNITED NATIONS, Aug 9 (Reuters) - U.N. Secretary-General Antonio Guterres is very concerned about the reported "deplorable living conditions" of Niger's President Mohamed Bazoum and his family in arbitrary detention, a U.N. spokesperson said in a statement on Wednesday. "The Secretary-General reiterates his concern over the health and safety of the President and his family and once again calls for his immediate, unconditional release and his reinstatement as Head of State," the U.N. spokesperson said. Reporting by Michelle Nichols; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: Antonio Guterres, Brendan McDermid, Mohamed Bazoum, Michelle Nichols, Christopher Cushing Organizations: Security, REUTERS, UNITED NATIONS, Thomson Locations: U.N, New York City, U.S

☆ How Four Female Philosophers Responded to a Dire Decade
▼ + stars: | 2023-08-02 | by ( Jennifer Szalai | More About Jennifer Szalai | ) www.nytimes.com time to read: +2 min

THE VISIONARIES: Arendt, Beauvoir, Rand, Weil, and the Power of Philosophy in Dark Times, by Wolfram Eilenberger. If hell is other people, then so, too, is this world. “Around us other people circled, pleasant, odious or ridiculous: They had no eyes with which to observe me. I alone could see.”It’s a quote that Wolfram Eilenberger uses to potent effect in “The Visionaries,” which traces the lives of four philosophers in the tumultuous decade before 1943. Beauvoir, Simone Weil, Hannah Arendt and Ayn Rand: Each addressed the foundational question of the relationship between the self and others, between “I” and “we,” only to arrive at wildly different conclusions.

Persons: Arendt, Beauvoir, Rand, Weil, Wolfram Eilenberger, Shaun Whiteside, Simone de Beauvoir, Otherness, ”, Heidegger, Wittgenstein, Walter Benjamin, Ernst Cassirer, Simone Weil, Hannah Arendt, Ayn Rand, Eilenberger, ” Arendt, Red Simone Organizations: Dark Times, Magicians, Gestapo Locations: France, Rouen, Berlin, Nazi Germany, Paris, Russian, Hollywood and New York

☆ Shredded Zuck is eating 4,000 calories per day, apparently including McDonald's Quarter Pounder, apple pie, and McFlurry
▼ + stars: | 2023-08-01 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +2 min

Mark Zuckerberg says he's eating 4,000 calories per day, 1.6 times more than the recommended intake. Apparently this includes McDonald's staples like the Quarter Pounder, fries, and McFlurry. After McDonald's posted on Threads for followers' favorite orders, Zuckerberg responded: "20 nuggets, a quarter pounder, large fries, Oreo McFlurry, apple pie, and maybe some cheeseburgers for later?" But Zuck said he needed around 4,000 calories a day to maintain his weight during his current training regime. Meta didn't respond to Insider's request for comment to confirm if their fitness-loving boss did go ahead with his McDonald's order.

Persons: Mark Zuckerberg, Mark Zuckerberg's, Meta, Lex Fridman, McDonald's, Zuckerberg, Mike Davis, Davis, Elon Musk, Zuck, Michael Phelps, isn't Phelps Organizations: UFC

☆ Buy stocks like Amazon, which are undervalued and underappreciated ahead of earnings, analysts say
▼ + stars: | 2023-07-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Investors combing for value ahead of another big week of earnings should look no further, according to analysts. CNBC Pro looked through top Wall Street research to find stocks that are underappreciated as earnings season continues. Meanwhile chatter around the stock remains mostly balanced and positive, according to UBS. "We model an ~8% 5-yr. EPS CAGR and rate the stock buy as we believe this growth potential remains underappreciated," Serna said. ... We model an ~8% 5-yr. EPS CAGR and rate the stock buy as we believe this growth potential remains underappreciated."

Persons: Mauricio Serna, Lee, Wrangler, Serna, Jason Kupferberg, it's, Kupferberg, Matt Niknam, DigitalBridge, Niknam, Baird, Jassy, DBRG, Morgan Stanley Organizations: CNBC Pro, Kontoor Brands, International, Kontoor Brands UBS, UBS, Bank of America, Deutsche Bank, TAM

☆ Elon Musk's former Twitter lieutenant 'surprised by his willingness to burn so much down'
▼ + stars: | 2023-07-27 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Elon Musk is willing to "burn so much down" and lives inside an "echo chamber," a former top Twitter lieutenant wrote in a lengthy post Wednesday on Musk's social media network, which alternated between defending and criticizing the billionaire. It was a sharp critique of a man who Crawford had publicly supported during her time at Twitter. Crawford oversaw the relaunch of Twitter Blue, one of Musk's early and hotly debated decisions at the company. But the initial rollout of Twitter Blue was full of turmoil, complete with impersonation issues, stacked verification badges and suspended launch in some areas. "This may really irritate the internet but you cannot pigeonhole me into some radical position of either loving or hating every change that's occurred," Crawford wrote.

Persons: Elon Musk, Esther Crawford, Crawford, Musk Organizations: Twitter, SpaceX, Tesla, CNBC Locations: Elon, California

☆ Russia abruptly fired a front-line general, and now Ukraine is seizing the moment to punch through the defenses he had overseen
▼ + stars: | 2023-07-26 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

The fired Russian general had demanded changes after suffering losses in artillery battles with Ukraine that were crucial to holding their defensive lines. According to the US officials, Ukraine has expressed a desire to press south toward the occupied city of Melitopol, near the Sea of Azov. Doing so would allow Kyiv's military to split the territory that Russia currently occupies and threaten its hold on the Crimean peninsula. Ukrainian “Grad” multiple rocket launcher fires standing in a field near Orikhiv on June 27, 2023 in Zaporizhzhia Oblast, Ukraine. A press officer stands on top of a destroyed Russian military vehicle in Novodarivka village, Zaporizhzhia Region, southeastern Ukraine.

Persons: they've, Serhii Mykhalchuk, Volodymyr Zelenskyy, Ivan Popov, Popov, Dmytro Smolienko, Getty Images Popov, Mark Milley, Milley Organizations: Service, Ukrainian, US, NATO, Pentagon, New York Times, Grad, Getty Images, Kyiv, Kyiv's, Staff of, Armed Forces, Staff, Arms Army, Publishing, Times, Joint Chiefs Locations: Ukraine, Wall, Silicon, Zaporizhzhia, Kyiv, Melitopol, Azov, Russia, Ukrainian, Orikhiv, Zaporizhzhia Oblast, Russian, Novodarivka, Zaporizhzhia Region

Microsoft is weaving AI into its own products, such as the $30-a-month "Copilot" assistant for its Microsoft 365 service that can summarize a day's worth of emails into a quick update. Microsoft's results show heavy spending on AI services ahead of commensurate revenue growth. For the segment that includes Azure, Microsoft forecast a first-quarter revenue range with a midpoint of $23.45 billion. Microsoft's forecast for its Windows segment had a midpoint of $12.7 billion, below analysts' estimate of $13.14 billion. Microsoft has started integrating AI functionality across its products such as Azure, Microsoft 365, GitHub and several developer tools.

Persons: Amy Hood, Hood, Satya Nadella, Yuvraj Malik, Devika Syamnath, Richard Chang Organizations: Microsoft, Wall, Nvidia Corp, Revenue, Alpha, Thomson Locations: Bengaluru

CNN —The United Nations has said that Russian accounts of a rocket attack on a camp holding Ukrainian prisoners of war in July 2022 are not supported by the evidence. More than 50 Ukrainian prisoners were killed in the strike that year on a detention center in the town of Olenivka. An extensive CNN investigation published in August last year demonstrated that the Russian narrative that the camp had been hit by a Ukrainian HIMARS rocket did not stand up to scrutiny – a finding now supported by the findings by the UN Human Rights Commissioner (OHCHR). There is almost no chance that a HIMARS rocket caused the damage to the warehouse where the prisoners were being held.”Experts consulted by CNN discounted a HIMARS strike on Olenivka – but could not say definitively what killed and wounded so many prisoners. “Our office has met with the families of the victims and heard their pleas for truth and justice – and indeed, they have a right to truth, justice and reparations.

Persons: Andrey Lazarev, Igor Konashenkov, “, Volker Türk, –, ” Organizations: CNN, United Nations, UN Human Rights, Donetsk People’s, US, Russian Defense Ministry’s Zvezda, Russian Defense Ministry, ”, UN, Russian Federation, United, UN Human Locations: Olenivka, Ukrainian, Donetsk, Donetsk People’s Republic, United Nations, Ukraine

The plots to steal the weaponry and equipment were disrupted by Ukraine’s intelligence services and it was ultimately recovered, according to the report, titled “DoD’s Accountability of Equipment Provided to Ukraine.” CNN obtained the report via a Freedom of Information Act request. In late October, the US resumed on-site inspections of Ukrainian weapons depots as a way to better track where the equipment was going. The personnel did not provide the IG with corroborating paperwork by the time the investigation concluded, however, the report notes. Ukraine’s intelligence service disrupted the plot, according to the report. The Pentagon inspector general wrote that some larger items like missiles and helicopters were easier to track through intelligence mechanisms.

Persons: CNN —, ”, Military.com, Kyiv “, Colin Kahl, Biden, Kevin McCarthy, Ron DeSantis, Defense Department “ Organizations: CNN, Defense, ” CNN, Arms, Control, of Defense Cooperation, Kyiv, DoD, US, Republicans, Republican, Florida Gov, Command, Pentagon, Defense Department Locations: Ukraine, United States

☆ Russia is trying to keep its army going by raising the age for military call-ups by 5 years, with some reservists able to be mobilized at 70
▼ + stars: | 2023-07-19 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +2 min

Russia increased its military call-up age for men who completed compulsory service by five years. It also increased the age limit for its mobilized reserves, with some 70-year-olds able to be called up. It also introduced a higher age limit for those in Russia's mobilized reserve. These are men who signed up to receive occasional military training and a stipend when their military service ends, according to Reuters. Some reservists called up to fight in September's mobilization were trained, sent to Ukraine, and killed in the span of just a month.

Persons: Vladimir Putin Organizations: Service, Reuters Locations: Russia, Ukraine, Wall, Silicon, Russia's

☆ Here are Wednesday's biggest analyst calls: Apple, AT&T, Tesla, Amazon, Meta, Microsoft, Spotify and more
▼ + stars: | 2023-07-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

JPMorgan adds Qualcomm and HP Inc. to the focus list JPMorgan added HP Inc. to the focus list and said it's a top value idea. The firm also added Qualcomm to the focus list and says it's a top growth idea. JPMorgan adds Charles Schwab to the focus list JPMorgan added the stock to its focus list after its earnings report and said it sees "improving fundamentals." Bank of America reiterates Amazon as buy Bank of America said it's bullish heading into Amazon earnings later this month. Bank of America reiterates Block as buy Bank of America said shares of the company formerly known as Square are undervalued.

Persons: Tesla, it's, Charles Schwab, Schwab, Jefferies, Berkshire Hathaway, Archer, Guggenheim, ServiceNow Organizations: JPMorgan, Qualcomm, HP Inc, Watch, Cisco, " Bank of America, of America, Bank of America, Meta, UBS, Berkshire, Citi, Republic Services, Hollywood, Argus, Street, Aviation, UW, DuPont, Texas, Microsoft, Apple Locations: 2023E, 2025E, Berkshire, ACHR, EE

☆ I Love You, Let’s Stalk Each Other
▼ + stars: | 2023-07-18 | by ( Jessica Roy | ) www.nytimes.com time to read: +2 min

When the coronavirus pandemic forced Americans to turn to the internet for entertainment, home delivery and more, awareness of the way companies and governments use the personal data we publish online also increased. Ms. McKinney said that she had a few friends who don’t feel comfortable sharing their locations, but that she wasn’t a stickler for reciprocity. “Some of my buddies are private and don’t want me to see their location, but that’s fine: They must see my location anyway,” she said. It’s true that there is perhaps nothing more intimate than having live location sharing on — the level of trust you have to have in someone to willingly disclose just how much time you spend sitting in your apartment watching TV! But location sharing can also provide a feeling of closeness even when you’re far away.

Persons: there’s, ” Pew, McKinney, ”, ’ Organizations: Pew Research Center

☆ Kuwait to set up new sovereign fund to develop mega projects and local economy
▼ + stars: | 2023-07-16 | by ( Ahmed Hagagy | ) www.reuters.com time to read: +2 min

KUWAIT CITY, July 16 (Reuters) - Kuwait plans to establish a new sovereign fund to develop its local economy, spearhead mega projects, and attract funds from foreign investors and the private sector, according to a government plan seen by Reuters on Sunday. The government has tasked the Ministry of Finance and the Kuwait Investment Authority (KIA) with studying plans for the proposed fund, dubbed Ciyada, Arabic for sovereign, the document says. Ciyada Development Fund will be used to spearhead domestic investments, intended to fuel economic development and diversify Kuwait's economy, the document says. Ciyada would accelerate Kuwait's economic growth, promote transformation and progress in various fields of development, through strategic planning and implementation of major development projects, the document says. Abu Dhabi for instance in 2002 created Mubadala Development Co to diversify the emirate's economy and accelerate development.

Persons: Mubadala, Prince Mohammed Bin Salman's, Ahmed Hagagy, Hadeel Al Sayegh, David Holmes Organizations: KUWAIT CITY, Reuters, Sunday, Ministry of Finance, Kuwait Investment Authority, Ciyada, Kuwait Investment Office, Reserve Fund, Fund, Government, International Petroleum Investment Co, Mubadala, Saudi Arabia's Public Investment Fund, Thomson Locations: KUWAIT, Kuwait, Abu Dhabi

☆ Zelenskiy warns of Russian efforts to halt Kyiv's troops, general notes advances in south
▼ + stars: | 2023-07-15 | by ( ) www.reuters.com time to read: +2 min

But Ukrainian military analysts suggested that things were not easy for Ukrainian forces in their bid to advance southward. Ukraine has launched a counter offensive to take back swathes of land in eastern and southern Ukraine captured by Russian forces in their invasion launched in February 2022. Russian accounts said its forces had repelled Ukrainian attacks in eastern Donetsk region, including around Bakhmut. General Oleksander Tarnavskyi, commander of Ukrainian forces in the south, said after the meeting that his troops were "systematically moving the enemy out of their positions". Ukrainian forces hope to cut off a land bridge Russian forces have established with the annexed Crimean peninsula.

Persons: Volodymyr Zelenskiy, Zelenskiy, General Oleksander Tarnavskyi, Serhiy Hrabskyi, Ronald Popeski, Diane Craft Organizations: Russian, Reuters, Ukrainian NV, Russia's Defence Ministry, Thomson Locations: Russia, Ukraine, Azov, Bakhmut, Donetsk, Berdiansk, Ukrainian, Crimean, Robotyne, Maryinka, Klishchiivka

☆ Zelenskiy warns of Russian efforts to halt Kyiv's troops
▼ + stars: | 2023-07-15 | by ( ) www.reuters.com time to read: +2 min

Search resuls for: "General Re"

25 mentions found