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☆ Julian Salisbury was once considered a contender for Goldman Sachs CEO. Now the asset and wealth management CIO is leaving.
▼ + stars: | 2023-07-28 | by ( Emmalyse Brownstein | Kaja Whitehouse | ) www.businessinsider.com time to read: +3 min

Now, Julian Salisbury is leaving Goldman Sachs after 25 years without a replacement. In a memo Friday, CEO David Solomon thanked Salisbury, chief investment officer of the bank's asset and wealth management division, for his "contributions to Goldman Sachs, our clients and our people." Also leaving the bank is Takashi Murata, co-head of Asia Pacific private investing and global co-head of real estate within Goldman Sachs' asset management unit. Nachmann's memo said Richard Spencer will become EMEA head of Real Estate and Nikhil Reddy will become Asia Pacific head of Real Estate. That's part of the virtuous ecosystem of Goldman Sachs," he added.

Persons: Julian Salisbury, Goldman, Goldman Sachs, David Solomon, Salisbury, Marc Nachmann, Takashi Murata, Jim Garman, Nachmann, Richard Spencer, Nikhil Reddy, Richard, Nikhil, Murata, Solomon Organizations: Goldman, Management, GS, Sixth, Wall Street, Asia Pacific, EMEA Locations: Salisbury, Asia Pacific

☆ Oil prices are finally rallying. Here's what it means for three key energy stocks
▼ + stars: | 2023-07-27 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +7 min

A long-awaited rally in crude oil prices has helped the Club's three oil-and-gas companies become some of our top-performing stocks over the past month. Brent crude, the global oil benchmark, and West Texas Intermediate crude, the U.S. oil standard, have both climbed by more than 10% since late June. Energy stocks linked to crude — including Club names Halliburton (HAL), Coterra Energy (CTRA) and Pioneer Natural Resources (PXD) — have risen on oil's fortunes. U.S. producers also have shown restraint, Kumar told CNBC, with domestic crude production hovering around 12.3 million barrels per day all year . Moreover, a year-over-year drop in U.S. rig counts points to "a bit of a decline in oil production" down the road, Kumar said.

Persons: we're, Brent, Cowen, Jason Gabelman, Gabelman, Truist's Neal Dingmann, Dingmann, Mizuho, Nitin Kumar –, –, Kumar, Baker Hughes, Goldman Sachs, Halliburton, Ukraine —, Truist's Dingmann, Jim Cramer's, Jim Cramer, Jim, Suzanne Cordeiro Organizations: West Texas, Halliburton, HAL, Coterra Energy, Natural Resources, Bausch Health, CNBC, Bloomberg, of Petroleum, Wall, AFP, Getty Locations: U.S, Saudi Arabia, Russia, OPEC, Ukraine, Texas, New Mexico, Stanton , Texas

☆ Europe’s banks are bracing for a wave of defaults
▼ + stars: | 2023-07-27 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —Some of Europe’s biggest banks are setting aside more cash to absorb potential losses on loans, as rising interest rates increase pressure on borrowers. So far, there are “limited signs of stress” across the bank’s loan portfolios, Anna Cross, group finance director at Barclays, told reporters. Loan loss provisions at Deutsche Bank (DB) jumped 72% to €401 million ($446 million) in the second quarter, Germany’s biggest lender said Wednesday. Jonas Goltermann, deputy chief markets economist at Capital Economics, told CNN that he was most worried about the potential for losses on bank loans to the commercial real estate sector. “The near-term economic outlook for the euro area has deteriorated, owing largely to weaker domestic demand,” the bank’s President Christine Lagarde told reporters.

Persons: Anna Cross, Jonas Goltermann, ”, Goltermann, Christine Lagarde, — Hanna Ziady Organizations: London CNN —, Barclays, Deutsche Bank, DB, Spain’s, European Central Bank, Bank of England, Capital Economics, CNN, ” Locations: Spain’s Santander, Europe, United Kingdom

☆ AI is supposed to make our jobs easier. These workers disagree
▼ + stars: | 2023-07-22 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +6 min

“In the next few years, the main impact of AI on work will be to help people do their jobs more efficiently,” Microsoft co-founder Bill Gates said in a blog post recently. Big Tech companies are now rushing to jump on the AI bandwagon, pledging significant investments into new AI-powered tools that promise to streamline work. News outlet CNET had to issue “substantial” corrections earlier this year after experimenting with using an AI tool to write stories. Others like Clarke, the publisher, have tried to combat the fallout from the rise of AI by relying on more AI. “You listen to these AI experts, they go on about how these things are going to do amazing breakthroughs in different fields,” Clarke said.

Persons: hasn’t, Neil Clarke’s, Clarke, “, ” Clarke, “ It’s, ChatGPT, Bill Gates, it’s, Shakked, Neil Clarke, Lisa R, Clarke Mathias Cormann, ” Cormann, ’ Ivana Saula, Saula, ” Saula, ”, Gizmodo Organizations: CNN, Microsoft, Big Tech, Massachusetts Institute of Technology, MIT’s Department of Economics, Clarkesworld Magazine, Organization for Economic Co, Development, “ Workers, International Association of Machinists, Aerospace Workers, ” Workers, CNET, Star Locations: Shakked Noy, MIT’s, newsrooms

☆ How the Gilgo Beach Suspect Wielded Power in Brownstone Brooklyn
▼ + stars: | 2023-07-21 | by ( Ginia Bellafante | More About Ginia Bellafante | ) www.nytimes.com time to read: +2 min

In his role as a consultant, Mr. Heuermann was often the person brought in to make these sorts of determinations. Like so many professions, architecture can be punishingly stratified, and Mr. Heuermann, who by all accounts was extremely knowledgeable about the city’s labyrinthine building codes, did not fall on the visionary side of the spectrum. Last week a friend called to say that someone had been apprehended in the Gilgo Beach murders and that, however astonishingly, we both knew him. Mr. Heuermann had been in her apartment — deeply aggravating in the moment and intensely creepy in retrospect — and had been rude and dismissive when her architect called him out on a miscalculation he made. During her own renovation, she told me, workers discovered some rotting beams between her apartment and the one above, a problem that Mr. Heuermann said needed to be remedied with drawings for the replacements, which he would produce.

Persons: Heuermann, Kelly Parisi Organizations: Fifth, AMS, Brooklyn Heights, Yale Locations: Massapequa, New York, Nantucket

☆ Shares in Pfizer rivals Hikma, Fresenius rally after tornado hits factory
▼ + stars: | 2023-07-20 | by ( Lucy Raitano | ) www.reuters.com time to read: +1 min

Hikma shares rose by as much as 9.4% in their largest one-day increase since last September. Pfizer is the largest supplier in the U.S. injectables market and Hikma is the second-largest, analysts said. Hikma, which has a market value of around $5.6 billion compared with Pfizer's $205.7 billion, might struggle to meet demand, Herrmann said. European healthcare stocks (.SXDP) were up around 0.7% on the day, outperforming the broader STOXX 600 (.STOXX), which rose 0.4%. Pfizer shares were up 0.16% in premarket trading.

Persons: Fresenius, Max Herrmann, Herrmann, Hikma, Amanda Cooper, Jan Harvey Organizations: Pfizer, Reuters, Thomson Locations: U.S, Rocky Mount, North Carolina, Hikma

☆ How Netflix can end the Hollywood strike in a way Disney, Paramount can't afford
▼ + stars: | 2023-07-20 | by ( Tim Mullaney | ) www.cnbc.com time to read: +10 min

"The strike is not something we wanted," said Sarandos, whose company is negotiating jointly with competing movie studios like Disney and Paramount whose parent companies also own streaming services. Some big-media companies that own streaming services, like Paramount and Disney, have seen their shares drop even in the renewed bull market of the past year. LightShed Partners analyst Rich Greenfield says Netflix made $6.5 billion last year excluding interest, taxes, and non-cash charges, while rival streaming services at Paramount, Disney and NBC lost more than $8 billion. That's a relatively small number for an industry with revenues topping $70 billion, $31.6 billion of it last year at Netflix. Paramount Global's Paramount+ service lost $1.8 billion last year, but saw losses shrink in the first quarter.

Persons: Mike Blake, Mark Mahaney, Ted Sarandos, Greg Peters, Michael Pachter, Robert Iger, Iger, CNBC's David Faber, Max, Rich Greenfield, Mahaney, hasn't, Jake Urbanski, Jamie Lumley, Peters, Spencer Neumann Organizations: Guild of America, Netflix, Alliance, Producers, Wednesday, Writers Guild of America, Screen, American Federation of Television, Radio Artists, Disney, Paramount Global, Amazon, Wedbush Securities, Television Producers, CNBC, Walt Disney Co, Sun, Paramount, Warner Bros, LightShed, NBC, Hollywood, Moody's Investors Service, Writers ' Guild of America, WGA, Twitter, Hulu, Comcast, Apple Locations: Los Angeles , California, U.S

☆ Hikma, Fresenius shares rally after tornado hits rival Pfizer's U.S. plant
▼ + stars: | 2023-07-20 | by ( Lucy Raitano | ) www.reuters.com time to read: +2 min

Nearly 25 percent of all sterile injectables used in U.S. hospitals are produced at the Rocky Mount facility, according to Pfizer's website. Hikma shares rose by as much as 9.4% in their largest one-day increase since last September, hitting an 18-month high. Pfizer is the largest supplier in the U.S. injectables market and Hikma is the second-largest, analysts said. Hikma has a market value of around $5.6 billion, compared with Pfizer's $205.7 billion and Fresenius SE's $16.7 billion, according to Refinitiv data. Pfizer shares were up 0.16% in premarket trading.

Persons: Fresenius, Max Herrmann, Herrmann, Hikma, J.P.Morgan, Amanda Cooper, Jan Harvey, Mike Harrison Organizations: Pfizer, Rocky, U.S . Food, Drug Administration, Thomson Locations: U.S, Rocky Mount, North Carolina, Hikma

☆ Canada headlines second day of Women’s World Cup action as Olympic champion faces Nigeria
▼ + stars: | 2023-07-20 | by ( Ben Morse | ) edition.cnn.com time to read: +8 min

CNN —The Women’s World Cup is finally here and the tournament’s second day of action holds plenty of intriguing storylines. Olympic champion Canada kicks off its campaign in the opening game of Friday’s action, before one of the Women’s World Cup debutants – the Philippines – make its bow at the worldwide event. Nigeria vs. CanadaCanada is considered one of the favorites to compete for the Women’s World Cup title in Australia and New Zealand following its recent success. I know being in the World Cup is going to bring a lot of awareness. From 1995 onwards, only three World Cup debutants have won their opening match at a World Cup.

Persons: La Roja, Christine Sinclair, Adriana Leon, Allysha Chapman, Kadeisha Buchanan, Shelina Zadorsky, Ashley Lawrence, Sinclair, Julie Ertz, Jack GruberUSA, Bev Priestman, ” Priestman, ”, Sarina Bolden, Bolden, ” Bolden, “, Jason McCawley, Alisha Lehmann, Inka Grings, ” Lehmann, ’, Alexia Putellas, Jennifer Hermoso, Putellas –, Juan Manuel Serrano Arce, Raquel Rodríguez Cedeño Organizations: CNN, Canada, La, . Canada, Sinclair, Olympic Games, Olympics, FIFA, Super Falcons, Republic of Ireland, Dunedin, –, soccer team, Western Sydney Wanderers, Western United, New, ”, Wellington Regional, Women’s Champions League, Portland Thorns Locations: Philippines, Costa Rica, Qatar, Nigeria, Canada, Melbourne, Switzerland, Dunedin, Wellington, Spain, . Canada Canada, Australia, New Zealand, Tokyo, Sweden, Republic of, Zealand, Norway, Ecuador, ” Spain, Barcelona, Panama

☆ Netflix stock sinks as Wall Street looks for clarity on revenue growth
▼ + stars: | 2023-07-20 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

"I think people expected a lot more revenue growth in the third quarter, plus there was the weakness in [average revenue per membership]," said analyst Michael Nathanson of MoffettNathanson. Netflix stock sank more than 9% Thursday after a quarterly earnings report that was largely positive, but left Wall Street underwhelmed and uncertain about key revenue drivers. Netflix's stock has risen on the rollout of ad-supported streaming and a new password sharing policy, which are both meant to boost revenue. "Most of our revenue growth this year is from growth in volume through new paid memberships, and that's largely driven by our paid sharing rollout," Neumann said. In a note following the earnings report, however, Cahall said "patience is a virtue," and called out investors that were "over-exuberant on paid sharing," noting revenue growth will take longer.

Persons: Michael Nathanson, Spencer Neumann, Neumann, Wells, Steven Cahall, Cahall, Greg Peters Organizations: MoffettNathanson, Netflix, Wall Street, Hollywood

LOS ANGELES, July 19 (Reuters) - Streaming video pioneer Netflix (NFLX.O) disappointed Wall Street on Wednesday with second-quarter revenue that fell short of analyst estimates, sending shares tumbling nearly 9% in after-hours trading. Netflix has been looking for new ways to make money as streaming competition intensifies and it nears market saturation in the United States. Its nearly 6 million subscriber additions outpaced the 1.9 million that Wall Street expected. Quarterly revenue climbed 2.7% from a year earlier to $8.2 billion, shy of analyst forecasts of $8.3 billion. Netflix said its advertising tier remained a small part of its membership base and that current ad revenue is not material.

Persons: we’ve, Craig Huber, Huber, We've, Spencer Neumann, Jeffrey Wlodarczak, Ted Sarandos, Sarandos, Lisa Richwine, Dawn Chmielewski, Yuvraj Malik, Deepa Babington, Chris Reese Organizations: Netflix, Refinitiv, Huber Research Partners, Research, Thomson Locations: ANGELES, United States, Los Angeles, Bengaluru

☆ Netflix gets rid of cheapest basic ad-free option in the U.S., U.K.
▼ + stars: | 2023-07-19 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Netflix has gotten rid of its cheapest commercial-free plan in the U.S. and the U.K., in a push to get more sign-ups for its recently launched ad-supported option. The move leaves Netflix's standard with ads plan, which is priced at $6.99 a month, as its cheapest option. During last quarter's earnings call, Netflix Chief Financial Officer Spencer Neumann said the "economics" of its ad-supported plan were higher than the basic plan. "It's actually even higher than our standard plan," he said during the call, adding that advertising was incremental to both its revenue and profit. Similarly, Disney CEO Bob Iger has said the company is leaning into its ad-supported streaming option to get to profitability.

Persons: Spencer Neumann, It's, Reed Hastings, Ted Sarandos, Bob Iger Organizations: Netflix, Disney Locations: Krakow, Poland, U.S

☆ Is this extreme weather the ‘new normal?’ There’s no such thing, some scientists say
▼ + stars: | 2023-07-19 | by ( Laura Paddison | ) edition.cnn.com time to read: +6 min

Just over halfway through July and already a slew of extreme weather records has been broken. Southern Europe is experiencing one of its most extreme heat waves on record, with wildfires raging in Greece, Spain and Switzerland. It’s a shifting baseline of ever-more devastating impacts as long as the Earth continues to warm.”For scientists like Mann and Cloke, this year’s extreme weather has largely not been surprising. Extreme heat could be quickly followed by heavy rainfall impacting society, agriculture, and ecosystems in unusual ways,” she told CNN. The planet is around 1.2 degrees Celsius warmer than it was before the industrial revolution – still short of the 1.5 degrees scientists are warning the planet should stay under.

Persons: Petteri Taalas, ”, Hannah Cloke, Kim Hong, Reuters Michael E, Mann, we’ve, Cloke, Brandon Bell, Peter Stott, –, ” Mann, Vikki Thompson, ” Thompson, ” Read Organizations: CNN, Southwest, World Meteorological Organization, University of Reading, Reuters, University of Pennsylvania, UK Met Office, Royal Netherlands Meteorological Institute Locations: Northern, Southwest United States, Phoenix , Arizona, Southern Europe, Greece, Spain, Switzerland, Asia, China, South Korea, Japan, India, Cheongju, Antarctica, North, Phoenix, “

☆ Focus: United Airlines grapples with pilots avoiding the captain's chair
▼ + stars: | 2023-07-18 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +5 min

One industry official dubbed it the "no one wants to be a junior captain syndrome." Dennis Tajer, a spokesman for American's pilots union, said the number of pilots declining promotions has at least doubled in the past seven years. At United, bids for 978 captain vacancies, or about 50% of the vacancies posted, have gone unfilled in the past year, United pilot union data shows. A captain's pay is better, but junior pilots, currently, face greater risks of being subjected to unpredictable flying schedules, more on-call duty and assignments on short notice. A failure to substantially improve work rules was a major reason why United pilots overwhelmingly rejected a deal last year.

Persons: Phil Anderson, Anderson, Robert Mann, Mann, Dennis Tajer, Garth Thompson, Scott Kirby, would've, Greg Sumner, Sumner, Rajesh Kumar Singh, Allison Lampert, Ben Klayman, Matthew Lewis Organizations: United Airlines, United, American Airlines, Airlines, LinkedIn, Delta Air Lines, U.S, Reuters, Indiana, Thomson Locations: Chicago, Montreal

☆ Gilgo Beach murders: Years in the making, evidence leads investigators to Rex Heuermann
▼ + stars: | 2023-07-16 | by ( Ray Sanchez | ) edition.cnn.com time to read: +11 min

Rex Heuermann in booking image from the Suffolk County Sheriff's Office. Suffolk County Sheriff's Office/APHeuermann is charged with three counts of first-degree murder for the killings of Melissa Barthelemy in 2009, and Megan Waterman and Amber Costello the following year, according to the Suffolk County District Attorney. His father had built satellites for a living, Heuermann told the interviewer. They first connected him to the killings last year while conducting a review of evidence under a newly formed task force, which included the Suffolk County Police Department, the Suffolk County Sheriff’s Office, the New York State Police and the FBI. Speaking of the arrest, Suffolk County Police Commissioner Rodney Harrison said Friday: “Rex Heuermann is a demon that walks among us.

Persons: Rex Heuermann, John F, he’s, Heuermann, ”, Kathy Hochul, “, –, Melissa Barthelemy, Megan Waterman, Amber Costello, Maureen Brainard, Barnes, Amber Lynn Costello, Michael Brown, ” Heuermann, it’s, Barthelemy, selfies “, hank, Tierney, Heuermann’s, Investigators, ” Tierney, Shannan Gilbert, Gilbert, Brainard, Waterman, Rodney Harrison, “ Rex Heuermann Organizations: CNN, Catholic Charities, American Airlines, Kennedy International Airport, WABC, ” New York Gov, Netflix, Sheriff's, Suffolk County Sheriff's, Attorney, Police Department, Associates, Heuermann, Suffolk County Police Department, Sheriff’s Office, New York State Police, FBI, Avalanche, Authorities, Suffolk County, Craigslist, Suffolk County Police Locations: Manhattan, Shore, Long, Suffolk, Suffolk County, Megan Waterman Suffolk, homey, Massapequa, Nassau County, Heuermann, New York City, Heuermann’s, Gilgo, Oak Beach, Gilgo Beach, Hauppauge

☆ When El Niño exacerbates global warming: Record heat, record flooding, record wildfires
▼ + stars: | 2023-07-15 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +11 min

Brown | Afp | Getty ImagesIf you feel like record-level extreme weather events are happening with alarming frequency, you're not alone. Global warming is making extreme weather events more severe, scientists said. But what is clear is that climate change makes it more likely that an extreme weather event will happen. "Higher temperatures from climate change are indisputable, and with each degree increase we're multiplying our changes of getting an extreme heat wave. Decreasing the greenhouse gas emissions released into the atmosphere by burning fossil fuels will help moderate the extreme weather trends.

Persons: Rai Rogers, Frederic J, Brown, Michael Mann, Brandon Bell, Phil Scott, Paul Ullrich, Mann, Ullrich, Justin Trudeau, El Niño, Timothy Canty, Canty, they're Organizations: Afp, Getty, University of Pennsylvania, CNBC, National Oceanic, Atmospheric Administration, NOAA, National Weather Service, Prediction, EMT, Emergency, Washington Post, The Washington Post, Anadolu Agency, University of California, Global, Wildfire, Bloomberg, University of Maryland, Government, Montreal Locations: Las Vegas , Nevada, California, Texas, Florida, United States, Northern, West Coast, Phoenix , Arizona, Nevada, Arizona, Montpelier , Vermont, Vermont, Canada, New York City, Anadolu, Davis, Lytton , British Columbia, El, Americas, Gulf, Pacific Northwest, Ohio, Northeastern, Ankara, Turkiye, Montreal

☆ Why Sunscreen Is the Only Anti-Aging Product You Need
▼ + stars: | 2023-07-15 | by ( Dana G. Smith | More About Dana G. Smith | ) www.nytimes.com time to read: +3 min

Von Schuckmann said the jury is still out: “We certainly have studies to show that sunscreen used on a daily basis reduces skin aging. There are two types of sunscreen ingredients: mineral and chemical. In general, sunscreens are more effective at stopping the shorter UVB rays than the longer UVA rays. Sun protection factor, or SPF, only refers to how well the sunscreen prevents a sunburn, meaning how well it blocks UVB. When it comes to choosing the best sunscreen to prevent signs of aging, Dr.

Persons: Henry Lim, Von Schuckmann, Frey, “, ” Organizations: Henry Ford Health, American Academy of Dermatology, UVA, Food and Drug Administration Locations: United States, Europe

☆ Prosecutors are 'sending a message' by asking for harsher sentences for Oath Keepers defendants: DOJ official
▼ + stars: | 2023-07-13 | by ( Natalie Musumeci | Sonam Sheth | ) www.businessinsider.com time to read: +4 min

The DOJ wants harsher sentences for eight Oath Keepers members convicted over the Capitol riot. One department official told Insider the DOJ is "really sending a message" by appealing the 8 defendants' sentences. "It's very unusual for DOJ to appeal, but these are unusual cases and unusual times," said the Justice Department official, who requested anonymity to speak about the cases. The DOJ appeal filing didn't include details laying out prosecutors' reasoning; the department official told Insider those details will be laid out in court later. "Typical DOJ, they got their pound of flesh and still want more," Moerschel's lawyer Scott Weinberg told Insider.

Persons: it's, Andrew Weissmann, Robert Mueller's, Weissmann, Elmer Stewart Rhodes, Amit Mehta, Rhodes, Kelly Meggs, Kenneth Harrelson, Jessica Watkins, Roberto Minuta, Joseph Hackett, Edward Vallejo, David Moerschel, It's, Moerschel, Scott Weinberg, Elsa, Weinberg, William Shipley, Minuta, Meggs, Harrelson, Watkins, Hackett, Vallejo Organizations: DOJ, Capitol, Service, Department, Justice Department, Organization Locations: Wall, Silicon, Robert Mueller's Russia

☆ A ‘perfect storm’ is unfolding this summer and it’s ‘supercharging’ the weather, scientist says
▼ + stars: | 2023-07-11 | by ( Angela Fritz | ) edition.cnn.com time to read: +4 min

CNN —A “perfect storm” is unfolding this summer, one climate scientist told CNN, as atmospheric ingredients combine to create deadly flooding in the Northeast US and record-breaking heat in the Southwest US and around the world. “Sure, weather is weather. It’s going to happen — rainfall, flooding events are going to happen,” Mann told CNN. The jet stream is the fast-moving river of air high in the atmosphere that ushers weather systems across the globe. “The jet stream basically stalls and those weather patterns remain in place — those high and low pressure centers remain in place,” Mann said.

Persons: Irene, Michael E, Mann, ” Mann, “, ”, Joel Angel Juarez, ” El Organizations: CNN, Southwest, National Oceanic, Atmospheric Administration, University of Pennsylvania, USA, Phoenix Locations: Rivers, Vermont, West Point , New York, Roosevelt, Phoenix, The Republic, Europe, El

☆ A country slightly bigger than Texas is projected to match the US's population by 2050 — and it shows how radically the world is going to change over the next three decades
▼ + stars: | 2023-07-11 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

It's World Population Day. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyHappy World Population Day. "The population growth is, of course, partly explained by improvement in level and access to public health," Amare said. Michael Herrmann, an economic adviser with United Nations Population Fund, told Africa News that without proper planning it can difficult to care for, educate, and employ a population growing that fast. "They want to create full employment for the people, and a growing population can raise the stakes in these efforts.

Persons: António Guterres, it's, Tighisti Amare, Amare, Michael Herrmann, Hermann Organizations: Service, United Nations, Google, Africa, Chatham House, United Nations Population Fund Locations: Nigeria, Wall, Silicon, India, China, Japan, Germany, Pakistan, Indonesia, Texas, Africa, London

☆ NATO unity will be tested at upcoming summit. Ukraine's possible entry may be the biggest challenge
▼ + stars: | 2023-07-09 | by ( ) www.cnbc.com time to read: +8 min

Patriot long-range air defence systems of the German Bundeswehr armed forces are deployed at Vilnius Airport ahead of the upcoming NATO Summit in Vilnius, Lithuania on July 7, 2023. "I don't think it's ready for membership in NATO," President Joe Biden told CNN in an interview airing Sunday. More than two-thirds of alliance members have banned the weapon because it has a track record for causing many civilian casualties. As for Ukraine's possible entry into NATO, the alliance said in 2008 that Kyiv eventually would become a member. "That's an issue that will cause tension and dissent, and that's not what the Vilnius summit is all about," he said.

Persons: NATO's, Joe Biden, Donald Trump, Biden, Douglas Lute, Barack Obama, Vladimir Putin, Wagner, Lute, Mitch McConnell, Putin, Daniel Fried, Volodymyr Zelenskyy, Recep Tayyip Erdogan, Finland, Erdogan, It's, Anders Fogh Rasmussen, Max Bergmann, They've, Bergmann, Viktor Orban, Idaho Sen, Jim Risch, aren't, Risch, I'm, we've, Jens Stoltenberg, who's, Mette Frederiksen, Stoltenberg, Rasmussen, Skip Davis, that's Organizations: German Bundeswehr, Vilnius Airport, NATO Summit, NATO, CNN, Republican, Kentucky, Associated Press, Putin, Atlantic Council, Ukraine, State Department, Center for Strategic, International Studies, Senate Foreign Relations, Danish, Center for Locations: German, Vilnius, Lithuania, Russian, Ukraine, Sweden, Eastern Europe, United States, Israel, Moscow, Finland, U.S, Russia, Kyiv, Poland, Estonia, Latvia, Czech Republic, Turkey, Stockholm, Idaho, Hungary, Baltic, Norwegian, Danish

☆ Biden is heading to Europe. A king and a war are on his agenda
▼ + stars: | 2023-07-08 | by ( ) www.cnbc.com time to read: +4 min

After arriving at night in London, Biden will meet the next day with King Charles III for the first time since he was crowned. Next is the centerpiece of the trip, the NATO summit in Vilnius, Lithuania. The final stop is in Helsinki, where Biden on Thursday is expected to celebrate the expanding alliance, with Finland as the newest member of NATO. Biden did not attend Charles' coronation — first lady Jill Biden went in his place — so this will be their first encounter since then. VilniusBiden will spend two days in the capital of Lithuania, which is hosting the annual NATO summit.

Persons: Joe Biden, Kevin Wurm, Biden, King Charles III, Jake Sullivan, London Biden, Max Bergmann, Rishi Sunak, Sunak, Bergmann, Sunak's, Boris Johnson, Charles, Jill Biden, They're, Jens Stoltenberg, Sen, Thom Tillis, bicker, Tillis, Jeanne Shaheen, Vladimir Putin Organizations: Air Force, Joint Base Andrews, NATO, Alliance, State Department, Center for Strategic, International Studies, Downing St, Conservative Party, Vilnius Biden, Vilnius University, Helsinki Locations: Washington, Dover , Delaware, Joint Base Andrews , Maryland, Europe, Ukraine, London, Vilnius, Lithuania, Helsinki, Finland, Sunak, Windsor, U.S, Turkey, Hungary

☆ Iowa GOP schedules Jan. 15 for leadoff presidential caucuses. It’s on Martin Luther King Jr. Day
▼ + stars: | 2023-07-08 | by ( ) www.cnbc.com time to read: +2 min

Former President Donald Trump reacts to crowd applause during a campaign event on July 1, 2023 in Pickens, South Carolina. Iowa Republicans have scheduled the party's presidential nominating caucuses for Jan. 15, 2024, putting the first votes of the next election a little more than six months away. The Iowa Republican Party's state central committee voted unanimously Saturday to hold the leadoff contests on the third Monday in January — on the Martin Luther King Jr. Day federal holiday. The GOP date is earlier by several weeks than the past three Iowa caucuses, though not as early as 2008, when they were held just three days into the new year. Caucuses, unlike primary elections, are contests planned, financed and carried out by the parties, not state election officials.

Persons: Donald Trump, Martin Luther King Jr, Joe Biden, Jeff Kaufmann Organizations: Republican Party . Iowa Republicans, Iowa Republican, Republican, Democratic, GOP, South, South Carolina Republicans, Iowa Democrats, state's Republican Party, Republicans, Iowa, DNC Locations: Pickens , South Carolina, —, Iowa, New Hampshire, South Carolina, Nevada

A lawyer for Woehrmann said DWS' internal investigations "did not reveal any evidence of misconduct on the part of my client". A spokesperson for prosecutors in Frankfurt, where DWS is headquartered, would only say an individual was targeted but would not name the person. DWS declined to comment on Woehrmann, but has said that it stands by its financial disclosures and fund prospectuses and is cooperating with investigators. At present, we cannot estimate when and how the proceeding of the Frankfurt Public Prosecutor’s Office will be concluded," DWS said. Woehrmann resigned as CEO of DWS last year after German prosecutors raided the offices of DWS and Deutsche Bank in Frankfurt over the allegations.

Persons: DWS's, Asoka Woehrmann, Patrizia, Woehrmann, DWS, BaFin, Matthias Inverardi, Miranda Murray, Sabine Wollrab, Susan Fenton, Louise Heavens Organizations: Deutsche Bank, Frankfurt Public, U.S . Securities, Exchange Commission, Thomson Locations: FRANKFURT, Frankfurt

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