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☆ This Italian vacation hotspot is turning tourists away as it runs out of water
▼ + stars: | 2024-07-06 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +9 min

CNN —Set atop a hill on the Italian island of Sicily, Agrigento is a heritage tourist’s paradise. Sicily began enforcing water restrictions in February when the region declared a state of emergency amid a relentless drought. Tourists at the Temple of Concordia, an ancient Greek archeological site outside of Agrigento in southern Sicily, Italy. Sicily’s regional president, Renato Schifani, said the island’s losses — between crops, empty reservoirs and dying livestock — have already topped €1 billion. “The consortium used to guarantee water rotation every five or six days,” he said, referring to a farmers representative group.

Persons: Leisa Tyler, LightRocket, “, ” Giovanni Lopez, Diana Santanchè, Summers, Marco Maccarrone, ”, Maccarrone, Fabrizio Villa, Nicola Farruggio, Francesco Picarella, ” Picarella, Luca Cammarata, He’s, Alberto Pizzoli, ANBI, Renato Schifani, CNN’s Antonia Mortensen Organizations: CNN, of, Sicilian, Italian National Institute for Environmental Protection, Research, Getty, Sicily’s Hotel Federation, Agrigento’s Hotel Federation, of Culture, Water Resources Locations: Sicily, Agrigento, Italy, Rome, Syracuse, Pergusa, Italian, Caltanissetta, Mount Etna, AFP

☆ Two Americans convicted of killing Italian police officer have sentences reduced
▼ + stars: | 2024-07-03 | by ( Zahid Mahmood | Barbie Latza Nadeau | ) edition.cnn.com time to read: +3 min

CNN —An Italian appeals court on Wednesday upheld the convictions of two Americans accused of killing an Italian police officer in 2019, according to a joint statement from the lawyers representing them in Italy. Elder and Natale-Hjorth were arrested in 2019 while on vacation in Rome for the murder of the Italian police officer Mario Cerciello Rega, who was stabbed 11 times with a knife in a botched drug deal, police said at the time. In 2022, Reuters reported that the appeals court had lowered Elder’s sentence to 24 years, and Natale-Hjorth’s sentence to 22 years. Ethan Elder, back to camera, hugs his son Finnegan Lee Elder before the reading of the judgment in Rome, Italy, on July 3, 2024. “From the very first moment, (Elder) stated that he did not understand that they were (policemen) and that he had reacted to a blocking attempt,” Ethan said in the statement.

Persons: Finnegan Lee Elder, Gabriel Natale, Hjorth, Craig Peters, Elder, Natale, Mario Cerciello Rega, “ Elder, Rega, Ethan Elder, Gabriel Natale Hjorth, Alessandra Tarantino, ” Renato Borzone, Roberto Capra, Elder’s, Ethan, “, ” Ethan, ” Organizations: CNN, Reuters, Court Locations: Italian, Italy, Rome

☆ Opinion | How Trump’s Team Blew It
▼ + stars: | 2024-05-30 | by ( Renato Mariotti | ) www.nytimes.com time to read: +1 min

The criminal trial of Donald Trump didn’t have to end this way. If Mr. Trump’s lawyers had played their cards right, they most likely would have ended up with a hung jury or a misdemeanor conviction. The defense lost a winnable case by adopting an ill-advised strategy that was right out of Mr. Trump’s playbook. I have practiced criminal law for over 20 years, and I have tried and won cases as both a federal prosecutor and criminal defense attorney. The defense needs its own story, and in my experience, the side that tells the simpler story at trial usually wins.

Persons: Donald Trump didn’t, Alvin Bragg, Trump’s, I’ve, marshaling Locations: Manhattan

☆ Why a Brazilian UFC star is championing a dead Austrian economist
▼ + stars: | 2024-04-28 | by ( David Shortell | ) edition.cnn.com time to read: +7 min

In recent years, the free-market economist and the contrarian Austrian school he led midcentury have been turned into a hashtag deployed by tax-wary workers. Ludwig von Mises From Mises Institute“Ludwig von Mises is Latin America’s leading economist,” declared the headline of a Bloomberg opinion piece earlier this month by economist Tyler Cowen. His free-market policy prescriptions, framed by an economic thinking centered on human behavior and individual choice, were widely considered out of fashion at the time. “That is my jam!” Shapiro said of the Austrian school. “If you start to understand the concept of the Austrian economic school,” Moicano said in a recent YouTube video, “you’re going to understand that’s what I need: free market, liberties, and wealth, my brother.

Persons: Renato Moicano, “, Ludwig von Mises, ” Moicano, Mises, midcentury, influencers, “ Ludwig von Mises, ”, Tyler Cowen, Marx, Camila Rocha, Moicano, Jair Bolsonaro, Javier Milei, Fabrice Coffrini, Milei, “ Milei, Daniel Raisbeck, Raisbeck, Milton Friedman, ” Mises, El, Nayib Bukele, Amanda Andrade, Rhoades, Rocha, Ben Shapiro, ” Shapiro, It’s, “ you’re Organizations: CNN — Brazilian UFC, Austrian, Mises, “, Bloomberg, New York University, Brazilian Center of Analysis, UFC, Economic, Cato Institute, Argentina national, Salvador, Conservative Political, Conference, Mises Institute, Mises Institutes, Fox Business, YouTube Locations: Austrian, United States, South, Central America, American, El Salvador, Argentina, Brazil, Davos, AFP, Milei, Buenos Aires, Mises, National Harbor , Maryland, Washington, Latin America

ET / 3 a.m. BST (Sun) / 10 a.m. AWST (Sun)How to watch UFC 300 in the USAmerican UFC fans know the drill by now. You can purchase the streamer's PPV Package, which is a one-year ESPN+ subscription with the next UFC PPV fight (in this case, UFC 300) for $134.98. Where to watch UFC 300 everywhere elseThere are a few international viewing options for UFC 300 for those who aren't in the US. Install it on the device you're using to watch UFC 300. UFC 300 Fight Card: Pereira vs. HillMain card - 10 p.m.

Persons: Alex Pereira, Jamahal, we've, Pereira, Hill's, Zhang Weili, Yan Xiaonan, ExpressVPN, Justin Gaethje, Max Holloway, Charles Oliveira, Arman Tsarukyan, Bo Nickal, Cody Brundage, Aleksandar Rakić, Calvin Kattar, Aljamain Sterling, Holly Holm, Kayla Harrison, Sodiq, Diego Lopes, Turner, Renato Moicano, Jéssica Andrade, Marina Rodriguez, Women's, Bobby Green, Jim Miller, Deiveson Figueiredo, Cody Garbrandt Organizations: Business, UFC, ESPN, TNT Sports, US, Hulu Locations: Las Vegas, Canada, ExpressVPN

CNN —At least 27 people have been killed in southeast Brazil as rainfall continues to ravage parts of the country, according to CNN affiliate CNN Brasil citing state authorities. The death toll in the Brazilian state of Espirito Santo rose to 19, and at least eight people have been killed in neighboring state Rio de Janeiro, CNN Brasil reported citing each state’s respective Civil Defense. At least six people are still missing, and more than 7,000 people were forced to flee their homes in Espirito Santo, according to CNN Brasil. Construction worker Nicelio Goncalves, 52, shows the interior of his flooded house outside in Rio de Janeiro state on Sunday, March 24. Flooding and landslides remain one of the main concerns as rainfall has yet to cease through the week.

Persons: Nicelio Goncalves, Pilar Olivares, Luiz Inacio Lula da Silva, Rio de Janeiro Governor Claudio Castro, Renato Casagrande, Allison Chinchar Organizations: CNN, CNN Brasil, Civil Defense, Reuters, Rio de Janeiro Governor, Espirito Santo Locations: Brazil, Brazilian, Espirito Santo, Rio de Janeiro, Rio de, Rio Grande do Sul, Sao Paulo

☆ Former president of Honduras convicted in U.S. of aiding drug traffickers
▼ + stars: | 2024-03-08 | by ( ) www.cnbc.com time to read: +2 min

Former Honduras President Juan Orlando Hernandez testifies during his trial on U.S. drug trafficking charges in federal court in the Manhattan borough of New York City, U.S., March 6, 2024 in this courtroom sketch. Former Honduran President Juan Orlando Hernández was convicted Friday in New York of charges that he conspired with drug traffickers and used his military and national police force to enable tons of cocaine to make it unhindered into the United States. The jury returned its verdict at a federal court after a two week trial, which has been closely followed in his home country. The scene in the courtroom was subdued and Hernandez seemed relaxed as the verdict on three counts was announced by the jury foreperson. In remarks to the jury before they left the courtroom, Judge P. Kevin Castel praised jurors for reaching a unanimous verdict, which was necessary for a conviction.

Persons: Juan Orlando Hernandez, Juan Orlando Hernández, Renato Stabile, Hernandez, P, Kevin Castel Organizations: Central, Defense Locations: Honduras, Manhattan, New York City, U.S, Honduran, New York, United States, Central American, Tegucigalpa

☆ Dengue Outbreaks on Rise in Brazil as Vaccine Rollout Lags
▼ + stars: | 2024-03-06 | by ( March | At P.M. | ) www.usnews.com time to read: +2 min

On Tuesday, Sao Paulo's state department of health declared a state of emergency, estimating 300 cases for every 100,000 inhabitants. "We have six million doses this year and 50 million doses over five years," he said. Dengue is now present in 85% of Brazil's municipalities, Kfouri added, spreading into regions where it was never seen before. In some cases, the disease can cause a more severe hemorrhagic fever, resulting in bleeding that can lead to death. The Health Ministry's latest weekly bulletin cited some 1.3 million "possible cases" of dengue nationwide and 299 confirmed deaths related to the disease this year.

Persons: Renato Kfouri, Kfouri, Sebastian Rocandio, Steven Grattan, Bill Berkrot Organizations: SAO PAULO, Reuters, Sao Paulo, Leandra Locations: Brazil, Sao Paulo's, Brazil's municipalities

☆ Ex-Honduras president worked hand in hand with violent traffickers to transport 'massive amounts of cocaine' into the US: prosecutor
▼ + stars: | 2024-02-21 | by ( Natalie Musumeci | Noah Hurowitz | ) www.businessinsider.com time to read: +3 min

AdvertisementFormer Honduran President Juan Orlando Hernández worked "hand in hand" with violent drug traffickers to send massive loads of cocaine into the United States, a federal prosecutor said on Wednesday in his opening statements at the high-profile New York trial of the fallen political leader. As the trial on drug and weapons charges kicked off, Hernández sat in the courtroom wearing a black suit. AdvertisementHernández's defense attorney, Renato Stabile, told the jury in his opening statements that Hernández "does not sit down with drug traffickers." Advertisement"There's gonna be a lot of talk at this trial, but not a lot of concrete evidence," Stabile continued. Speaking in Spanish through an interpreter, Josè Sànchez told jurors of 2013 meetings between Hernández and convicted drug trafficker Geovanny Fuentes Ramirez at the office of the company where Sànchez worked.

Persons: Juan Orlando Hernández, David Robles, Hernández, Joaquín, Moises Castillo, Robles, Renato Stabile, Stabile, they've, San Pedro Sula, Josè Sànchez, Geovanny Fuentes Ramirez, Sànchez, Mr, they're Organizations: Prosecutors, Former Honduran, AP Locations: Honduran, United States, Manhattan, Honduras, America, Mexican, San Pedro

☆ As Sam Bankman-Fried awaits prison sentence, FTX customers await a surprise: full repayment
▼ + stars: | 2024-02-10 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +8 min

Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Lawyers representing the bankruptcy estate of FTX told a judge in Delaware last week that they expect to fully repay customers and creditors with legitimate claims. After the dust settled from FTX's bankruptcy, Solana saw a huge run-up in its price, and it continued to rally after the September report. The bankruptcy estate of FTX has been looking to sell its Anthropic stake, according to a court filing this month. For FTX customers, being made whole, according to a judge's ruling, means getting the cash equivalent of what their crypto was worth in November 2022.

Persons: Sam Bankman, Fried, FTX, Andrew Dietderich, —, Joseph Bankman, Barbara Fried, Brendan Mcdermid, John Ray III, Michael Kives, Braden Perry, FTX's, Ray, we're, It's, Solana, Lewis Kaplan, Elizabeth Williams, Michael Lewis, Lewis, IOUs, Perry, SBF, Renato Mariotti, Mariotti Organizations: Bankman, Federal Court, Reuters, K5 Global, SpaceX, Commodity Futures Trading Commission, CNBC, Alameda Research, U.S . Justice Department's Securities, Commodities, SEC Chari Locations: FTX, Delaware, Plenty, Palo Alto , California, New York City, U.S, Bankman, Solana, Alameda, FTX's, Anthropic, New York, Brooklyn

☆ Philippines Wards off Cyber Attacks From China-Based Hackers
▼ + stars: | 2024-02-05 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +1 min

MANILA (Reuters) - Hackers operating in China attempted to break into websites and e-mail systems of the Philippine's president and government agencies, one promoting maritime security, but failed, an information and communications ministry official said on Monday. But using the internet protocol addresses, we pinpointed it to China," Paraiso said, adding the hackers were traced to be using the services of Chinese state-owned Unicom. "We are appealing to the Chinese government to help us prevent further attacks." The thwarted cyber attacks came at a time of heightened tensions with China, largely over disputed territory in the South China Sea. The Philippines is currently working on a five-year cybersecurity strategy to beef up its cyber defences to combat attacks and digital crimes.

Persons: Ferdinand Marcos Jr, DICT, Renato Paraiso, Paraiso, Neil Jerome Morales, Michael Perry Organizations: Department of Information, Communications Technology, National Coast Watch, Philippine Locations: MANILA, China, China's, Manila, South China, Philippines

☆ A helicopter trip to a Coldplay concert lands a world leader in trouble
▼ + stars: | 2024-01-23 | by ( Larissa Gao | ) www.cnbc.com time to read: +4 min

PERTH, AUSTRALIA - NOVEMBER 18: Chris Martin of Coldplay performs on stage at Optus Stadium on November 18, 2023 in Perth, Australia. Villavecer said he left home seven hours before the concert in a carpool with other fans in order to avoid anticipated traffic jams. The leader of the Philippines has landed himself in trouble after using a presidential helicopter to bypass heavy traffic and make it to a Coldplay concert. MANILA, PHILIPPINES - JANUARY 10: Philippine President Ferdinand Marcos Jr. at Malacanang Palace on January 10, 2024 in Manila, Philippines. "We've seen some traffic, but I think you have the number one in the world," he said.

Persons: Chris Martin, Coldplay, Paul Kane, Villavecer, Nick Villavecer, Marcos, Ferdinand Marcos Jr, Ezra Acayan, Major General Nelson Morales, Morales, Renato Reyes Jr, Reyes, We've, Martin, concertgoers, it's, Mikaela Lopez Organizations: Optus, NBC, Philippine, Coldplay, Presidential Security Command, Manila, Philippine Department of Transportation Locations: PERTH, AUSTRALIA, Perth, Australia, Manila, Philippines, MANILA, PHILIPPINES, Malacanang, New York City, U.S

☆ 11 of the Most Dangerous and Expensive Mining Expeditions in the World
▼ + stars: | 2024-01-18 | by ( Sarah Elkasaby | ) www.businessinsider.com time to read: 1 min

In Uruguay, Renato sets off an explosive to reveal an ancient, glittery stone: amethyst. In Italy, Enrico cuts slabs off of one of the most expensive marbles in the world: Calacatta. Stones, salts, crystals, and other natural resources are worth millions of dollars, but getting to them is no easy feat. All over the world, miners are setting off on dangerous and strenuous missions on mountaintops, in underground tunnels, and below the seas to excavate these precious resources. Our first stop is Scotland, where experienced stonemasons turn a rare granite into Olympic curling stones worth over $600 apiece.

Persons: Renato, Enrico Locations: Uruguay, Italy, mountaintops, Scotland

Here's the state of play globally for crypto regulation and enforcement in 2023 — and a look at what to expect in 2024. "However, much of their work has involved providing guidance to the industry through enforcement actions," continued Levin. Crypto market participants nevertheless hope that the spate of legal challenges brought to crypto companies in 2023 will bring clarity in the form of new regulations. The U.S.'s dominant role in global finance and its focus on consumer protection plays a crucial role in its leading position in crypto regulation enforcement. The region has been increasingly warming to crypto assets, despite a broader anti-crypto push from China, which banned bitcoin trading and mining in 2021.

Persons: Al Drago, Binance, Sam Bankman, Renato Mariotti, Mariotti, Richard Levin, Nelson Mullins Riley, Levin, ada, Changpeng Zhao, Damian Williams, Brian Armstrong, Armstrong, Alyse Killeen, Scarborough's Levin, FinCEN, Killeen, Diem, USDC, Braden Perry, it's, Kennyhertz Perry, Perry, Bafin Organizations: U.S . Securities, Exchange Commission, Bloomberg, Getty, Regulators, Securities and Exchange Commission, U.S, Alameda Research, U.S . Justice Department's Securities, Commodities, CNBC, Capitol, SEC, Futures Trading Commission, Department of Justice, Scarborough, CFTC, Protocol Labs, Southern, of, Stillmark, Meta, Visa, Mastercard, U.S ., European, IRS, European Union, EU, France's Financial Markets Authority, AMF, Treasury, Monetary Authority of, Three Arrows, Terra Labs, Terra, Hong Kong Securities, Futures Commission, SFC, OSL Locations: Washington, Europe, Asia, U.S, Alameda, of New York, European, Crypto, Ireland, Germany, France, Italy, Netherlands, Singapore, Dubai, Hong Kong, Monetary Authority of Singapore, China, East, Africa

☆ Heroes to zeroes in 12 months: How the two biggest crypto billionaire CEOs proved the critics right
▼ + stars: | 2023-12-30 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +12 min

Combination showing Former FTX CEO, Sam Bankman-Fried (L) and Zhao Changpeng (R), founder and chief executive officer of Binance. Meanwhile, Solana is nearly 10x higher in the last 12 months, and bitcoin miner Marathon Digital has also skyrocketed. That same year, Bankman-Fried earned street cred in crypto circles for his bitcoin arbitrage trading strategy, dubbed the Kimchi swap. The relationship between Zhao and Bankman-Fried began to sour a few months after they met. In Nov. 2022, a fight between Bankman-Fried and CZ on Twitter, now known as X, pulled the mask off the scheme.

Persons: Sam Bankman, Zhao Changpeng, Bitcoin, Solana, Binance's, Zhao, FTX's Sam Bankman, Fried, JPMorgan Chase, Jamie Dimon, bitcoin, Bill Gates, Warren Buffett, Elizabeth Warren, execs, Renato Mariotti, Michael Lewis, Sam, gunning, Lewis, SBF, Binance, FTX, Goldman Sachs, General Merrick Garland, Garland, Amr Alfiky Organizations: Marathon, JPMorgan, Microsoft, Capitol, Department of Justice, U.S . Justice Department's Securities, Commodities, CZ, Alameda Research, Formula, Democratic, Twitter, Emergency Economic, U.S ., Futures Trading Commission, Treasury Department, Securities, Exchange Commission, Justice Department, DOJ, Reuters Locations: Hong Kong, Singapore, Bankman, FTX, Miami, Washington, Alameda, U.S, New York City

☆ Luxembourg sweep past Bosnia 4-1 to enter Euro playoffs
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

LUXEMBOURG, Nov 16 (Reuters) - Luxembourg thumped Bosnia 4-1 on Thursday but fell short of a top-two finish in Group J after Slovakia beat Iceland 4-2, leaving both teams in the hunt for a place for Euro 2024 in the play-offs. The home side took the lead after six minutes when Mathias Olesen's header flew into the top right-hand corner of Nikola Vasilj's goal. A late Renato Gojkovic goal gave the Bosnians some breathing space in added time before Rodrigues scored his second goal two minutes later. Already-qualified Portugal topped Group J with 25 points after nine matches, while Slovakia is second with 19 points. Luxembourg and Bosnia still have a chance to go through the playoffs.

Persons: Mathias Olesen's, Nikola Vasilj's, Gerson Rodrigues, Amir Hadziahmetovic, Leandro Barreiro, Nihad Mujakic, Dirk Carlson's, Renato Gojkovic, Rodrigues, Angelica Medina, Julien Pretot Organizations: Luxembourg thumped, Slovakia, Iceland, Thomson Locations: LUXEMBOURG, Luxembourg, Luxembourg thumped Bosnia, Portugal, Slovakia, Bosnia, Mexico City

☆ Three hours to guilty: How the government nailed Sam Bankman-Fried
▼ + stars: | 2023-11-04 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +9 min

David Dee Delgado | ReutersIn Sam Bankman-Fried's fraud trial, prosecutors won quickly by keeping it simple. "While the cryptocurrency industry might be new and the players like Sam Bankman-Fried might be new, this kind of corruption is as old as time," Williams said. Sam Bankman-Fried's parents, seated to the left, react to the verdict. "Sam Bankman-Fried will be remembered as one of the biggest fraudsters of our lifetimes," Mariotti said. WATCH: Sam Bankman-Fried found guilty on all seven counts

Persons: Sam Bankman, David Dee Delgado, CNBC they'd, Yesha Yadav, Fried, Nicolas Roos, Danielle Sassoon, Crypto, Roos, Sassoon, Marc, Antoine Julliard, Renato Mariotti, who's, Bryan Cave Leighton Paisner, Damian Williams, Williams, Andrew Ross Sorkin, Sorkin, that's, It's, SBF, Mariotti, Paul Tuchmann, Wiggin, Dana, Tuchmann, Elizabeth Williams, Caroline Ellison, Bankman, Ellison, James Koutoulas, Koutoulas, Gary Wang, Nishad Singh, FTX coder Adam Yedidia, FTX's, Sun, Kevin J, O'Brien, Mark Cohen Organizations: FTX, Manhattan, Reuters, CNBC, Vanderbilt University ., U.S . Justice Department's Securities, Commodities, Southern, of, Prosecutors, Stanford, Alameda Research, New York Times DealBook, Washington , D.C, U.S, Justice Department, Trading Commission, Securities and Exchange Commission Locations: New York City, London, Chicago, U.S, of New York, Alameda, Washington ,, Bankman, New York

☆ SBF's conviction is the final nail in the coffin for crypto bros hoping to get rich quick
▼ + stars: | 2023-11-03 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

Sam Bankman-Fried was found guilty of all seven charges against him. AdvertisementAdvertisementA New York jury took less than five hours on Thursday to find Sam Bankman-Fried guilty of all seven charges the FTX founder faced. Now facing up to 110 years in prison, SBF's conviction marks the final nail in the coffin for the coterie of crypto bros who got rich quick. Bankman-Fried also testified he believed regulation would help give FTX a competitive edge over rival crypto exchange Binance. That complaint includes one especially damning exchange, in which the SEC alleges Binance's chief compliance officer said:"we are operating as a fking unlicensed securities exchange in the USA bro."

Persons: Sam Bankman, Fried, Crypto's, —, Renato Mariotti, that's, it's, SBF, Binance's, There's, Kwon, Luna, Elon Musk's, Joe Biden's Organizations: Service, bros, BlackRock, DMs, Securities, Exchange Commission, Binance, SEC, New York Magazine Locations: York, Japan, Washington, Binance, USA

☆ Here are the emails, texts and photos that could put Sam Bankman-Fried in prison for life
▼ + stars: | 2023-11-02 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +16 min

Lawyers for the U.S. Attorney's office entered into evidence a series of photos featuring the $35 million penthouse where Sam Bankman-Fried and his fellow co-workers resided. Zoom In Icon Arrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Source: SDNYZoom In Icon Arrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Source: SDNYZoom In Icon Arrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Zoom In Icon Arrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried.

Persons: Sam Bankman, Fried, FTX, Renato Mariotti, Bryan Cave Leighton, Caroline Ellison, —, Alameda —, Ryan Pinder, Rob Creamer, didn't, Ellison, he'd, HOOD, they'll, FTX's, Sun, Bankman, Stephen Curry, Tom Brady, Giselle Bundchen, Larry David, Nishad Singh, Michael Kives, Bryan Baum, Hillary Clinton, Katy Perry, Orlando Bloom, Leonardo DiCaprio, Kris, Kylie Jenner, SDNY Singh, Baum, Drappi, Jane Rosenberg, Joe Bankman, Ramnik Arora, Ryne Miller, Constance Wang, Ryan Salame, Changpeng Zhao, Michael Lewis, Singh, Lewis Organizations: U.S . Justice Department's Securities, Commodities, Lawyers, U.S, Alameda Research, Alameda, Geneva Trading, FIA, Traders Group, Wall Street Journal, Google, shuttering, Prosecutors, NBA, Major League Baseball, K5, Federal Court Locations: Chicago, Bahamas, Bankman, Alameda, FTX, shuttering Alameda, Hong Kong, New York City, U.S, Sequoia, Alameda's

☆ Sam Bankman-Fried blames top lieutenants for FTX troubles in second day of testimony in criminal trial
▼ + stars: | 2023-10-30 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +10 min

The market had already dropped 70% and if it fell another 50%, he was afraid the firm would be insolvent, Bankman-Fried told the jury. In describing the swift downfall of FTX, Bankman-Fried said that customer withdrawals had quickly increased from $50 million a day to $1 billion a day. For example, Sassoon asked Bankman-Fried if he assured people that Alameda played by the same rules as others on the FTX exchange. Sassoon asked Bankman Fried, "Would you agree you know how to tell a good story?" Sassoon asked.

Persons: Sam Bankman, Fried, Kyle Mazza, FTX, Mark Cohen, Caroline Ellison, Ellison, Gary Wang, Nishad Singh, Singh, Sun, Jane Rosenberg, Renato Mariotti, Bryan Cave Leighton Paisner, Mariotti, Danielle Sassoon, I'm, Sassoon, Bankman, Crypto, wasn't, Bankman Fried, Vox, he's, Alameda, —, Dawn Giel Organizations: Court, Anadolu Agency, Getty, Alameda Research, Alameda, Bloomberg, Apollo, Reuters, U.S . Justice Department's Securities, Commodities, CNBC, U.S, PR Locations: New York City, Alameda, New York, U.S, Chicago

☆ Mediobanca CEO and allies keep grip on bank after shareholder vote
▼ + stars: | 2023-10-28 | by ( Gianluca Semeraro | ) www.reuters.com time to read: +3 min

Mediobanca CEO Alberto Nagel poses for a photograph in the occasion of a news conference to present Mediobanca's new business plan in Milan, Italy, November 12, 2019. Under Nagel, Mediobanca has moved away from its historic role as a financial holding company and boosted its wealth management and consumer credit operations, also through acquisitions. But his strategy had come in for criticism, initially from the late Leonardo Del Vecchio, whose holding company Delfin has a 19.7% stake in Mediobanca. The Delfin list took 32% of the total capital in the vote. A small group of institutional investors who had filed a third list took the remaining seat.

Persons: Alberto Nagel, Flavio Lo Scalzo, Delfin, Nagel, Pagliaro, Mediobanca, Leonardo Del Vecchio, Renato Pagliaro, Del Vecchio's, Francesco Milleri, Delfin's, Gianluca Semeraro, Keith Weir Organizations: REUTERS, Companies, MILAN, Thomson Locations: Milan, Italy, Mediobanca, Generali

☆ Sam Bankman-Fried's defense team fails to land a blow as he takes the stand
▼ + stars: | 2023-10-26 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

Sam Bankman-Fried took the stand in a New York courtroom on Thursday, as he and his defense team auditioned their best legal material for U.S. District Judge Lewis Kaplan. Bankman-Fried, the son of two Stanford legal scholars, has pleaded not guilty in the case. Several of these witnesses have themselves pleaded guilty to multiple charges, including Bankman-Fried's ex-girlfriend Caroline Ellison, who faces a maximum sentence of 110 years for crimes committed while she was the CEO of Alameda. Given that the core issue will be intent to defraud, SBF should be portraying himself as clueless, inattentive, and in over his head. But for years he had portrayed himself as a visionary genius, and I don't expect that to change on the stand," he said.

Persons: Sam Bankman, Fried, District Judge Lewis Kaplan, Fried's, Mark Cohen, Dan Friedberg, SBF, Renato Mariotti, Bryan Cave Leighton, Caroline Ellison Organizations: U.S, District, Stanford, U.S . Justice Department's Securities, Commodities, Alameda Research, Prosecutors Locations: New York, Manhattan, Chicago, Alameda

☆ Two U.S. funds to vote Mediobanca outgoing board's slate for board renewal
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +1 min

MILAN, Oct 19 (Reuters) - The U.S. funds CalSTRS and New York City Comptroller said on Thursday they would vote in favour of the outgoing board's slate of nominees for the new Mediobanca board at the bank's annual meeting this month. Mediobanca's outgoing board has proposed 15 members, including a new term for current CEO Alberto Nagel and Chairman Renato Pagliaro ahead of the Oct. 28 meeting. The two funds did not disclose their stakes in Mediobanca. Proxy adviser Institutional Shareholder Services (ISS), Glass Lewis and Pensions & Investment Research Consultants (PIRC) said last week they were recommending Mediobanca investors vote in favour of the outgoing board's slate of nominees. Reporting by Gianluca Semeraro editing by Keith WeirOur Standards: The Thomson Reuters Trust Principles.

Persons: Alberto Nagel, Renato Pagliaro, Delfin, Leonardo Del Vecchio, Nagel, Del Vecchio, Glass Lewis, Gianluca Semeraro, Keith Weir Organizations: MILAN, New York, Services, Pensions & Investment Research Consultants, Thomson Locations: U.S, New, Mediobanca, Italian

☆ These are the 50 best bars in the world for 2023 — another Barcelona bar tops the list
▼ + stars: | 2023-10-18 | by ( Quek Jie Ann | ) www.cnbc.com time to read: +6 min

SINGAPORE — Sips in Barcelona, Spain is the best bar in the world, according to this year's ranking by the 50 Best organization. The World's 50 Best Bars were announced at an awards ceremony in Singapore on Tuesday evening — the first time the ceremony was held in Asia. The annual ranking is published by William Reed Business Media, a U.K.-based company that also publishes "The World's 50 Best Restaurants" list — and in a first, "The World's 50 Best Hotels," published in September. The 50 Best organization has published an annual ranking of "The World's 50 Best Bars" since 2009, with London and New York dominating the lists ever since. Courtesy of The World's 50 Best Bars

Persons: William Reed, Sips, Marc Álvarez, Frida Calho, Sydney –, Madrid, Rome Hanky, Kitten, Scotland Mimi Kakushi, Renato, Simone Caporale, Röda, Apoorva Kohli Organizations: Sips, Mexico City, William, William Reed Business Media, CNBC, South America, United Arab Emirates, Barcelona Connaught Bar, South America Himkok, Greece BKK Social, Salmon Guru, Hong, Buenos Aires Röda Huset, SG Club, Cambridge Public House, Sons, Africa Scarfes Bar, Milan Carnaval, Bar, Athens Atlas, American, Asia Locations: SINGAPORE, Barcelona, Spain, Singapore, Asia, New York, Mexico, U.K, London, Sips, Europe, North, South, Australia, Dubai, United Arab, South America, Oslo, Norway, Seoul, North America, Paradiso, Paris, Limantour, London Alquímico, Cartagena, Columbia, Buenos Aires, Argentina, Athens, Greece, Bangkok, Pony, Salmon, , New York, Hong Kong, Rome, Rome Hanky Panky, Melbourne, Trova, Miami Baba, Rum, Athens CoChinChina, Berlin, Stockholm, Tokyo, Edinburgh, Scotland, United Arab Emirates, Middle East, Milan, Lima, Peru L'Antiquario, Naples, Italy, Mexico City, Firenze, Florence, , New Orleans, Gleneagles, Auchterarder, Röda Huset, New Delhi, Alquímico

☆ Proxy adviser Glass Lewis backs Mediobanca outgoing board's slate for board renewal
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +1 min

MILAN, Oct 13 (Reuters) - Proxy adviser Glass Lewis said on Friday it was recommending that investors in Italian bank Mediobanca (MDBI.MI) vote in favour of the outgoing board's slate of nominees for the new board. The board is elected for a three-year term, and the current one expires on Oct. 28, when Mediobanca shareholders will vote on its renewal, including the chief executive. Mediobanca's outgoing board has proposed 15 members, including a new term for current CEO Alberto Nagel and Chairman Renato Pagliaro. On Wednesday, proxy adviser Institutional Shareholder Services (ISS) said it was recommending that Mediobanca investors vote in favour of the outgoing board's slate of nominees. Reporting by Gianluca Semeraro; editing by Gavin Jones and Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

Persons: Glass Lewis, Alberto Nagel, Renato Pagliaro, Delfin, Leonardo Del Vecchio, Nagel, Del Vecchio, Gianluca Semeraro, Gavin Jones, Kirsten Donovan Organizations: MILAN, Services, Thomson Locations: Italian

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