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☆ Moving toward low carbon steel is a matter of survival: Gunung Raja Paksi
▼ + stars: | 2023-08-17 | 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 EmailMoving toward low carbon steel is a matter of survival: Gunung Raja PaksiIndonesian steel producer Gunung Raja Paksi shares why it started moving toward low carbon steel.

Organizations: Raja Locations: Raja, Indonesian

☆ We share the same vision as Fortescue Future Industries: Gunung Raja Paksi
▼ + stars: | 2023-08-17 | 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 EmailWe share the same vision as Fortescue Future Industries: Gunung Raja PaksiGunung Raja Paksi shares more about its partnership with Fortescue Future Industries for green hydrogen and green ammonia in the steel production process.

Persons: Fortescue Organizations: Fortescue Future Industries Locations: Raja

☆ Business is war, and we go to war every day: Gunung Raja Paksi
▼ + stars: | 2023-08-17 | 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 EmailBusiness is war, and we go to war every day: Gunung Raja PaksiThe founding family of Indonesian steel producer, Gunung Raja Paksi, shares with CNBC's Sri Jegarajah why the company moved from a family structure to a professional-management style.

Organizations: CNBC's Locations: Raja, Raja Paksi

For years, the European Union has funded the Libyan Coast Guard in an effort to stop migrants and refugees arriving on its shores. But those returned to Libya can face abuse and torture in detention camps run by the militias. The fighting began when members of the Special Deterrence Force, which oversees some prisons in Tripoli, arrested Col. Mahmoud Hamza , leader of the 444 Brigade. The deterrence force said that Colonel Hamza was wanted but did not publicly say why. The tensions in Tripoli could be seen by other militias as an opportunity to try to establish a foothold in the capital.

Persons: Col, Mahmoud Hamza, Hamza, ”, Emadeddin Badi, Abdul Hamid Dbeiba, ” — Mary Fitzgerald, Mohammed Abdusamee Organizations: European Union, Libyan Coast Guard, Brigade, Force, Atlantic Council, Mercy, Middle East Institute Locations: Libya, Tripoli, “ Tripoli, Washington

So far, at least 111 deaths have been confirmed in the wildfires, according to a release from Maui County. Names of other victims have been released by familiesFirefight continues : Crews are still battling the fires on Maui. “The people that were trying to put out these fires lived in those homes – 25 of our firefighters lost their homes,” Maui County Mayor Richard Bissen said Wednesday. “They watched their homes burn as they fought the fire for other homes in their neighborhood,” she explained. “That is a scar that we will carry for a very long time.”Sarah Salmonese sits where her apartment once stood in Lahaina, Hawaii, on Friday, August 11.

Persons: John Pelletier, ” Pelletier, ”, Pelletier, Josh Green, CNN’s Wolf, “, Brenda Keau, ” Keau, Jeff Hickman, CNN’s Kaitlan Collins, ” Hickman, Melva Benjamin, Virginia Dofa, Alfredo Galinato, Robert Dyckman, Buddy Jantoc, Benjamin, Crews, Brad Ventura, ” Biden, Herman Andaya, would’ve, Matthew A, Foster, Richard Bissen, Aina Kohler, I’ve, Kohler, “ It’s, Jonny Varona, They’re, Wade Ebersole, it’s, who’s, ” Ebersole, ” Sarah Salmonese, Go Nakamura, Jae C, Patrick T, Fallon, Rick Bowmer, Justin Sullivan, Lauren Haley, Bryan Anselm, Makalea Ahhee, Yuki Iwamura, Mike Blake, Max Whittaker, Zoltan Balogh, Robert Gauthier, Mengshin Lin, Evelio Contreras, CNN Vixay Phonxaylinkham, Lana, Phonoxaylinkham, Marco Garcia, Claire Rush, Myrna Ah Hee, Sui, Ty O'Neil, Ku'u Kauanoe, ZUMA, Matthew Thayer, Bob Marshall, ” Marshall, Marshall, Jim Kelly, ” Kelly, ” Darren Pai Organizations: CNN, Maui Police, Authorities, Hawaii Gov, Hawaii Department of Defense, Fire, White House, Maui, Maui Emergency Management, Tuesday . U.S . Army National Guard, Staff, KITV, Maui Health, Maui Memorial Medical, New York Times, AP, FBI, Facility, Getty, AP Volunteers, Grace Baptist, Reuters, Volunteers, Los Angeles Times, Washington Post, Kahului Airport, Technologies, Kahului, AP Helicopters, Hawaii Army National Guard, Hawaii National Guard, Reuters Residents, ZUMA Passengers, Maui News, Whisker Labs, Maui Bird Conservation Center, The Washington, Hawaiian Electric, CNN Sunday Locations: Maui, Maui County, Hawaii, Lahaina, Tuesday ., ”, Lahaina , Hawaii, Wailuku, AFP, Kula , Hawaii, Kaanapali, Kula, Kihei, West Maui, Grace, Kahului, Napili, Honokowai, Honolulu, Maalaea, California, Las Vegas, Church, Lahaina Hongwanji, Makawao, Western Maui

☆ Lebanon Freezes Accounts of Former Central Bank Governor
▼ + stars: | 2023-08-16 | by ( Liz Alderman | More About Liz Alderman | ) www.nytimes.com time to read: +1 min

Lebanese authorities on Monday froze the bank accounts of the country’s embattled former central bank governor, Riad Salameh, days after the United States, Britain and Canada imposed sanctions on him for “contributing to the breakdown of the rule of law in Lebanon” through decades of corruption. The action, announced by Lebanon’s interim central bank governor, Wassim Mansouri, followed an internal investigation. The assets of four people close to Mr. Salameh were also frozen by the central bank. They include Mr. Salameh’s brother, Raja Salameh; his son, Nady Salameh; Anna Kosakova, whom U.S. officials described as Mr. Salameh’s former partner; and his former assistant at the central bank, Marianne Hoayek. The U.S.-led coalition accused them of helping Mr. Salameh funnel hundreds of millions of dollars through layered shell companies to invest in European real estate so that he could amass an outsize fortune outside of the country.

Persons: Riad Salameh, Wassim Mansouri, Salameh, Salameh’s, Raja Salameh, Nady Salameh, Anna Kosakova, Marianne Hoayek Organizations: Monday, Lebanon’s Locations: United States, Britain, Canada, Lebanon ”, U.S

☆ Pakistan senator Anwaar-ul-Haq Kakar named caretaker PM ahead of vote
▼ + stars: | 2023-08-12 | by ( ) www.reuters.com time to read: 1 min

A general view of the parliament building in Islamabad, Pakistan March 25, 2022. REUTERS/Akhtar Soomro/File PhotoKARACHI, Pakistan Aug 12 (Reuters) - Pakistani senator Anwaar-ul-haq Kakar was named as caretaker prime minister to oversee national elections, the prime minister's office said on Saturday following a meeting between outgoing premier Shehbaz Sharif and opposition leader Raja Riaz. Reporting by Gibran Peshimam; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Akhtar Soomro, Anwaar, haq Kakar, Sharif, Raja Riaz, Gibran Peshimam, Andrew Heavens Organizations: REUTERS, Thomson Locations: Islamabad, Pakistan, KARACHI

☆ Pakistan senator picked as caretaker PM to oversee elections
▼ + stars: | 2023-08-12 | by ( Gibran Naiyyar Peshimam | ) www.reuters.com time to read: +2 min

KARACHI, Pakistan, Aug 12 (Reuters) - Pakistani Prime Minister Shehbaz Sharif and opposition leader Raja Riaz agreed on Saturday to name Senator Anwaar-ul-Haq Kakar as caretaker premier to oversee elections, the Prime Minister's office said. "The prime minister (Sharif) and leader of opposition have jointly signed the advice which will be sent to the president for approval," the statement said. Under Pakistan's constitution, a neutral caretaker government oversees national elections, which must be held within 90 days of the dissolution of the parliament's lower house - which in this instance means early November. The choice of caretaker prime minister has assumed heightened importance this time because the candidate will have extra powers to make policy decisions on economic matters, and amid fears the elections may be delayed by as much as six months. Kakar has been serving a six-year term in Pakistan's Senate since 2018.

Persons: Shehbaz Sharif, Raja Riaz, Anwaar, Haq Kakar, Arif Alvi, Kakar, Gibran Peshimam, Raju Gopalakrishnan, Mark Potter Organizations: Pakistani, Geo News, Pakistan's Senate, Senate, Balochistan Awami Party, Thomson Locations: KARACHI, Pakistan, Balochistan, Pakistan's

ISLAMABAD, Aug 10 (Reuters) - Pakistan's outgoing prime minister, Shehbaz Sharif, and the leader of the opposition will on Thursday meet to pick a caretaker leader to oversee a general election due by November, a government official said. Sharif and opposition leader Raja Riaz will meet in the afternoon, said the official in the prime minister's office, who declined to be identified pending the announcement of the meeting. Under the constitution, the two have three days to reach agreement on a caretaker. If they can't, the decision will go to a parliamentary committee, and if it can't, then the Election Commission of Pakistan will decide. The lower house of parliament was dissolved on Wednesday, three days before the end of its five-year term on Aug. 12.

Persons: Shehbaz Sharif, Sharif, Raja Riaz, Imran Khan, Asif Shahzad, Robert Birsel Organizations: Thomson Locations: ISLAMABAD, Pakistan

☆ Two US lawmakers raise security concerns about Chinese cellular modules
▼ + stars: | 2023-08-08 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

Jonathan Newton/Pool via REUTERS/File PhotoWASHINGTON, Aug 8 (Reuters) - Two U.S. lawmakers on Tuesday asked the Federal Communications Commission (FCC) to address questions about potential security concerns involving cellular modules made by Chinese companies including Quectel (603236.SS) and Fibocom Wireless (300638.SZ). Cellular modules are components that enable internet of things (IoT) devices to connect to the internet. The lawmakers asked if the FCC is considering using the Covered List to address Chinese-owned cellular modules. "Could requiring certification for modules used in communications equipment be an effective means" of addressing Chinese modules in U.S. networks? In 2022, the Chinese Embassy in Washington said the FCC "abused state power and maliciously attacked Chinese telecom operators again without factual basis."

Persons: Jessica Rosenworcel, Jonathan Newton, Mike Gallagher, Raja Krishnamoorthi, David Shepardson, Mark Porter, Leslie Adler Organizations: U.S . Senate Commerce, Science, Transportation, Federal Communications Commission, Tuesday, Fibocom Wireless, Republican, China, FCC, Pacific Networks Corp, HK, Huawei Technologies, ZTE Corp, Hytera Communications Corp, Hangzhou Hikvision Digital Technology, Zhejiang Dahua Technology, Embassy, Huawei, Thomson Locations: Washington , U.S, Quectel, China, Hangzhou, Zhejiang, Washington

CNN —The US Coast Guard rescued a 25-year-old man Saturday who was reported missing after failing to return to a boat ramp in St. Augustine, Florida, for nearly two days. He did not have any medical concerns, the Coast Guard said. US Coast Guard SoutheastGregory was last seen Thursday night, the Coast Guard said in an earlier release, leaving the Lighthouse Park Boat Ramp in the jon boat – a type of small, lightweight and flat-bottomed vessel. His family on Friday evening informed Coast Guard Sector Jacksonville he had not returned. “We heard about someone missing, then we found out it was him missing,” Strange said.

Persons: Charles Gregory, jon, Charles, Nick Barrow, ” Barrow, ” Charles Gregory, Gregory, Tory Strange, “, ” Strange Organizations: CNN, US Coast Guard, HC, Coast Guard, Coast Guard Sector Jacksonville Locations: St, Augustine , Florida, Vilano

[1/2] The BlackRock logo is pictured outside their headquarters in the Manhattan borough of New York City, New York, U.S., May 25, 2021. BlackRock has said all of its investments in China and around the world comply with U.S. law, and that it will continue engaging with the select committee on the issues it raised. Republicans formed the select committee when they took control of the House in January, part of an effort to raise awareness about issues behind growing tensions with China. A hard line toward China is one of the few policies with bipartisan support in the deeply divided U.S. Congress. The committee does not write legislation, but makes policy recommendations and can subpoena executives and officials.

Persons: Carlo Allegri, BlackRock, Mike Gallagher, Gallagher, MSCI, Raja Krishnamoorthi, They're, Krishnamoorthi, Michael Martina, Patricia Zengerle, Don Durfee Organizations: REUTERS, BlackRock, Reuters, Republican, PLA, People's Liberation Army, Republicans, Congress, FBI, Thomson Locations: BlackRock, Manhattan, New York City , New York, U.S, China, MSCI, Dysart , Iowa, Washington, Iowa

☆ The last time US debt was downgraded markets plummeted. Will it happen again?
▼ + stars: | 2023-08-02 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Fitch Ratings downgraded US long-term debt late on Tuesday from AAA to AA+, citing this spring’s debt ceiling standoff as a major reason. In the midst of the very tense debt ceiling standoff of 2011, Standard and Poor’s downgraded US debt for the first time in history. “My sense is that the Fitch downgrade of the US credit rating is an insignificant development and will not move financial markets or the economy,” said Joseph Brusuelas, chief economist at RSM US. “The majority of our clients’ investments in China are through index funds, and we are one of 16 asset managers currently offering US index funds investing in Chinese companies,” BlackRock said in a statement to CNN. “With all investments in China and markets around the world, BlackRock complies with all applicable US government laws.

Persons: New York CNN — Fitch, Fitch, ”, Joseph Brusuelas, ” Fitch, Larry Summers, Janet Yellen, “, Dow, BlackRock, Larry Fink, Henry Fernandez, MSCI, Mike Gallagher of, Raja Krishnamoorthi, ” BlackRock, ” MSCI Organizations: CNN Business, Bell, New York CNN, AAA, AA, RSM, Federal Reserve, Fitch, Treasury, US, Twitter, Dow Jones, Nasdaq, Tech, Nvidia, Apple, Microsoft, Congressional, Chinese Communist Party of, BlackRock, CNN, People’s Liberation Army, PLA, Republican, “ Locations: New York, America, United States, States, Mike Gallagher of Wisconsin, Illinois, MSCI, China

☆ BlackRock and MSCI under investigation by House Committee for investments in China
▼ + stars: | 2023-08-01 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +4 min

“The majority of our clients’ investments in China are through index funds, and we are one of 16 asset managers currently offering US index funds investing in Chinese companies,” BlackRock said in a statement to CNN. “With all investments in China and markets around the world, BlackRock complies with all applicable US government laws. We will continue engaging with the Select Committee directly on the issues raised.”MSCI did not respond to requests for comment. Last October, the Biden administration unveiled a set of export controls banning Chinese companies from buying advanced chips and chip-making equipment without a license. The committee launched an official investigation last month into US venture-capital companies that help fund Chinese artificial intelligence and semiconductor efforts.

Persons: BlackRock, Larry Fink, Henry Fernandez, MSCI, ”, Mike Gallagher of, Raja Krishnamoorthi, ” BlackRock, ” MSCI, Biden, Gallagher Organizations: New, New York CNN, Chinese Communist Party of, BlackRock, CNN, People’s Liberation Army, PLA, Republican, “, Chinese Communist Party, Wall Street Locations: New York, Mike Gallagher of Wisconsin, Illinois, MSCI, United States, China, Beijing, Washington, Ukraine, BlackRock

CENTRAL BANK 'SHATTERED'It has marked a dramatic reversal for a man once seen as a possible president. After taking the helm of the central bank, Salameh built a reputation as a competent steward of the financial system. The central bank, known as Banque du Liban (BDL), has always said the operations were legal. Defending his record on Wednesday, Salameh said the central bank had contributed to "establishing economic stability and development" during 27 years of his tenure. "Neither directly nor indirectly did any money from the Central Bank go to Forry," Salameh said in Wednesday's interview.

Persons: Riad Salameh, Salameh, LBCI, Nasser Saidi, Raja, Salameh's, Marianne Howayek, Howayek, Friederike Heine, Tom Perry, Toby Chopra Organizations: Reuters, Banque du Liban, Forry Associates, Central Bank, Thomson Locations: BEIRUT, Lebanese, Lebanon, Banque, Salameh, France, Germany

☆ Olympic boxer Félix Verdejo found guilty of kidnapping, death of pregnant woman and unborn child
▼ + stars: | 2023-07-29 | by ( Raja Razek | ) edition.cnn.com time to read: +2 min

CNN —A federal jury on Friday convicted Olympic boxer Félix Verdejo-Sánchez in the deaths of a woman and her unborn child, according to the US Attorney’s Office in the District of Puerto Rico. He was found guilty of kidnapping resulting in death and intentionally killing an unborn child, prosecutors said in a press release. Keishla Rodríguez Ortiz and her unborn child were found dead in the San José Lagoon in Puerto Rico on May 1, 2021. On the morning of Rodríguez Ortiz’s death, Verdejo-Sánchez carried out a premeditated plan to kill her and her unborn child, according to the release. Prosecutors said Verdejo-Sánchez lured Rodríguez Ortiz into his vehicle where, with help from another person, he assaulted and drugged her, the release stated.

Persons: Félix, Keishla Rodríguez Ortiz, Sánchez –, –, Verdejo, Rodríguez, Sánchez, Rodríguez Ortiz, Prosecutors, Teodoro Moscoso, Keishla Organizations: CNN, US, Office, District of Locations: District, District of Puerto Rico, San, Puerto Rico

☆ He Held Up a Bank to Get His Own Money
▼ + stars: | 2023-07-28 | by ( Raja Abdulrahim | More About Raja Abdulrahim | ) www.nytimes.com time to read: +1 min

By the time Walid al-Hajjar stormed his bank armed with a jug of gasoline, four lighters and a willingness to set himself on fire, his wife’s bone cancer was too far gone for him to save her. But he wanted to make her more comfortable in the time remaining — treated with painkillers in a hospital rather than writhing in agony at home, he recalled. And the family had already accumulated tens of thousands of dollars of debt from friends and relatives that needed to be repaid. Mr. al-Hajjar, 48, had the money to pay for his wife’s treatment. But like so many other Lebanese, his life savings was being held hostage in his bank account: The central bank has not allowed depositors to withdraw more than a few hundred dollars a month since a financial collapse in 2019.

Persons: Walid, Hajjar, Mr

☆ U.S. lawmakers urge Biden administration to tighten AI chip export rules
▼ + stars: | 2023-07-28 | by ( Stephen Nellis | ) www.reuters.com time to read: +4 min

The October 2022 rules impose two performance caps on exporting AI chips to China - one on how fast the chips can talk to one another, and the second on the chips' processing speeds. After the rules took effect, Nvidia created special chips for China with lower interconnect speeds. Intel this month also said it has created an AI chip that can be sold in China. Nvidia at the time said that restricting sales of its AI chips to China "would result in a permanent loss of opportunities for the U.S. On Friday, Gallagher and Krishnamoorthi urged an even tighter approach than the one Reuters previously reported officials are considering.

Persons: Mike Gallagher, Biden, Raja Krishnamoorthi, Gina Raimondo, Gallagher, Krishnamoorthi, " Gallagher, Stephen Nellis, Chris Sanders, Leslie Adler Organizations: U.S, Rep, Chinese Communist Party, Capitol, FRANCISCO, Republican, Nvidia, Devices, Intel, Reuters, Qualcomm, Semiconductor Industry Association, Microsoft, Google, Thomson Locations: United States, Taiwan, Washington , U.S, China, U.S, Washington, San Francisco

☆ Lawmakers pressure McCarthy once again on stock trading ban: 'You have not acted on your promise'
▼ + stars: | 2023-07-28 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

House Speaker Kevin McCarthy said last year that he wanted to tackle the issue of stock trading in Congress. In a letter exclusively shared with Insider, several lawmakers are pressing for answers from him. But since becoming House Speaker, he's declined to raise the issue, other than comments he made on Donald Trump Jr.'s podcast in January. And though some Freedom Caucus members are supportive of banning stock trading in Congress, they're likely to object to a hastily-scheduled vote on the matter. "Then it would be appropriate to go to Speaker McCarthy and say we've passed both tests."

Persons: Kevin McCarthy, McCarthy, Nancy Pelosi's, he's, Donald Trump Jr, —, Pelosi, Angie Craig, Andy Kim of, Joe Neguse, Katie Porter, Raja Krishnamoorthi, Abigail Spanberger, Craig, they're, Ken Buck, we've, Buck Organizations: Service, Democratic, Republican, Caucus, House Administration Locations: Wall, Silicon, Minnesota, Andy Kim of New Jersey, Colorado, Katie Porter of California, Illinois, Virginia, Ken Buck of Colorado, House

☆ US lawmakers urge Biden administration to tighten AI chip export rules
▼ + stars: | 2023-07-28 | by ( Stephen Nellis | ) www.reuters.com time to read: +4 min

CNN —An unarmed Black man was attacked by a police officer’s K-9 as he surrendered to authorities with his hands up, despite an Ohio State Trooper repeatedly urging officers not to release the dog. The video then cuts to what appears to be a state trooper coming out of his vehicle and walking toward the driver. “Do not release the dog with his hands up,” a state trooper warns several times from a distance. Circleville K9 Officer R. Speakman deployed his K9 on the suspect.”Footage shows the dog was released after repeated warnings from the state trooper. “Get the dog off of him,” the same state trooper yells several times.

Persons: Jadarrius Rose, “, ”, Speakman, Rose, Ryan Purpura, ” Purpura, Nana Watson, ” Watson Organizations: CNN, Ohio State, Ohio, Highway Patrol, Patrol, Motor Carrier, Authorities, “ Circleville Police, NAACP, Circleville Police Department, NAACP Columbus, Circleville Police, Columbus NAACP, The Washington Post Locations: Ohio, Jackson County, Rose, Mississippi , Georgia, Alabama, Ross, Grove City , Ohio

However, they do make less than full-time employees who make, on average, $95,000 a year, as CNN previously reported. UPS workers hold placards at a rally held by the Teamsters Union on July 19, 2023 in Los Angeles, California. “So, the [UPS] supply chain solutions will take a huge hit.”According to O’Brien, a strike would be felt both domestically and internationally. “The packages don’t move unless we move them … we’re the ones that are making all that money and we don’t see it. How is that fair?”Laster said the company has “already gotten our blood, our sweat and our tears … just give us what we’ve worked for.”

Persons: Sean O’Brien, “ We’ve, CNN’s Isabel Rosales, O’Brien, Frederic J . Brown, ”, Elizabeth Laster, ” Laster, we’ve Organizations: New, New York CNN, UPS, strategized, CNN, Teamsters Union, Getty, teamsters Locations: New York, Atlanta, Los Angeles , California, AFP

☆ Rep. Mike Gallagher: Our economic relationship with China is incredibly fraught
▼ + stars: | 2023-07-19 | 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 EmailRep. Mike Gallagher: Our economic relationship with China is incredibly fraughtHouse Select Committee on China Chairman Rep. Mike Gallagher (R-Wis.) and Ranking Member Rep. Raja Krishnamoorthi (D-Ill.) join 'Squawk Box' to preview a trade debate later today featuring two bipartisan panels discussing China trade relations, technology export controls and investment flows.

Persons: Mike Gallagher, Raja Krishnamoorthi Locations: China

The House Select Committee on the Chinese Communist Party sent letters to four separate U.S. venture capital firms, including Qualcomm's venture arm, expressing "serious concern" about their investments in Chinese tech startups. The letters, which were made public on Wednesday, were sent to GGV Capital, GST Ventures, Qualcomm Ventures, and Walden International. Qualcomm Ventures, for example, made 13 investments in Chinese A.I. Walden, a smaller firm, was identified as a particularly significant backer of Chinese AI companies. He said at the time he found there was "broad support" among venture capitalists and others to keep U.S. asset managers from investing in Chinese AI firms.

Persons: Mike Gallagher, Wisconsin Republican Mike Gallagher, Raja Krishnamoorthi, Janet Yellen, Antony Blinken, Gallagher, Krishnamoorthi, SenseTime, GGV, Didi, Megvii, Abu, Walden, Intellifusion, Neil Shen helming Organizations: U.S, Capitol, Chinese Communist Party, GGV, Ventures, Qualcomm Ventures, Walden International, Wisconsin Republican, Treasury, New York Times, Qualcomm, Tiger Global Management, Tiger Global, Denglin Technology, Georgetown's Center for Security, Emerging Technology, Macquarie Group, GSR Ventures, Center for Security, Horizon Robotics, Silicon Valley, CNBC, U.S . Commerce Department, Street, Sequoia Capital, Sequoia Locations: Illinois, China, U.S, Silver, Denglin, Silicon Valley, San Francisco, Shanghai, Beijing, Singapore, Megvii, Sequoia China

Hundreds of protesters stormed the Swedish Embassy in Baghdad early Thursday and set fire to parts of it ahead of a demonstration outside the Iraqi Embassy in Sweden, where recent Quran burnings have inflamed anger in the Muslim world. At the latest demonstration in Sweden on Thursday, Mr. Momika and another protester kicked around copies of the Quran and stomped on a replica of the Iraqi flag. In response, Iraq’s prime minister, Mohammed Shia al-Sudani, expelled the Swedish ambassador and directed Iraq’s chargé d’affairs to withdraw from the Iraqi embassy in Sweden, a government spokesman said. The severing of diplomatic relations came “in response to the repeated permission of the Swedish government to burn the Noble Qur’an, insult Islamic sanctities and burn the Iraqi flag,” Mr. al-Sudani said in a tweet. The Iraqi government also suspended the operating license in the country of the Swedish telecommunications company Ericsson.

Persons: Salwan, Eid, Momika, Mohammed Shia, Iraq’s, d’affairs, Mr, Sudani Organizations: Iraqi Embassy, Ericsson Locations: Swedish, Baghdad, Iraqi, Sweden, Stockholm

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