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We had no income tax, and all we had was tariffs.”That’s why some Wall Street titans are trying to push for Bessent. Kyle Bass, a billionaire hedge fund investor at Hayman Capital Management, said Lutnick doesn’t have the composition to lead the Treasury. “Scott Bessent is eminently more qualified than Howard Lutnick to run the U.S. Treasury,” Bass posted on X Wednesday. A full week after appearing to decide on nominating Bessent, Trump interviewed him again at Mar-a-Lago. A key Cabinet player, the Treasury secretary advises the president on economic and fiscal matters, including spending and taxes.

Persons: Donald Trump, Elon Musk, Trump, Howard Lutnick, Cantor Fitzgerald, Scott Bessent, ” Musk, —, Bessent, ”, Kyle Bass, Lutnick doesn’t, “ Scott Bessent, ” Bass, “ Scott, I’ve, Bass, Dan Loeb, Scott Lincicome, Lutnick, “, Cheney, Lutnick —, Dick Cheney’s, George W, Tennessee Sen, Bill Hagerty, Larry Kudlow, Kudlow, Steven Mnuchin, Mnuchin Organizations: CNN, Trump, “, Wall, Fox News, titans, Hayman Capital Management, Treasury, U.S . Treasury, Cato Institute, Federal Reserve, Peterson Institute for International Economics, National Economic Council, America, Policy Institute, Fox Business, Bessent, Mar, Republicans, Treasury Department Locations: America, United States

☆ Cabinet confirmation process and recess appointments, explained
▼ + stars: | 2024-11-14 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +11 min

Rather than face the humiliation of a rejection vote in the Senate, Cabinet nominees are more frequently withdrawn when it becomes clear they cannot be confirmed. Here’s a look at the Cabinet confirmation process, why it exists, where it’s gone wrong and how Trump wants to find a way around it. Presidents like Ronald Reagan, Clinton and both Bushes did use recess appointments, although usually for positions below the Cabinet level. While Democrats can no longer filibuster Cabinet nominees, they can slow the process down. Then, the Senate rejected Taney when Jackson put him forward for a Supreme Court nomination.

Persons: George H.W, Bush, John Tower, ”, Tower, Matt Gaetz, Donald Trump’s, Gaetz, Department of Justice –, Trump, Robert F, Kennedy Jr, Kennedy, it’s, Bill Clinton, Zoe Baird, Joe Biden, Biden, Trump’s, Sen, John Thune, Ronald Reagan, Clinton, Mickey Kantor, Barack Obama, Senate can’t, …, Republicans don’t, Mike Johnson, Let’s, Johnson, Edward Whelan, Roger B . Taney, Andrew Jackson, Taney, Jackson, Martin Van Buren, England . Taney, Scott Organizations: CNN, Pentagon, Florida Rep, Department of Justice, Senate, Former House, of Health, Human Services, White House, United Nations, CIA, Law, Public Service, Democratic, Partnership for Public Service, Office, National Labor Relations, US, Senators, Republicans, GOP, Trump, Republican, The Washington Post, Bank of, Federal Reserve, Taney Locations: Texas, Geneva, United States, The, England

☆ What can the West do about North Korea giving troops to Russia? Not much it hasn't already flinched from.
▼ + stars: | 2024-10-31 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +7 min

North Korea fighting alongside Russia would be a serious escalation to the Ukraine war. Experts criticized a lack of decisive Western strategy in countering the threat. AdvertisementWestern allies have options to react to the threat of North Korean troops in Russia, but are hamstrung by fears of escalation, military experts told Business Insider. The fact that now a serious escalation looks possible thanks to North Korea is an indication of the failure of that policy, Hunter told BI. Western states are likely to have been quietly hoping that China might step in diplomatically and dissuade North Korea, Hunter said.

Persons: —, Mark Rutte, Volodymyr Zelenskyy, Patrick Bury, Kim Jong Un, Edward Hunter Christie, Hunter, Richard Fontaine, It's, Jens Stoltenberg, Gabrielius Landsbergis, Emmanuel Macron, Landsbergis, Germany's Chancellor, Olaf Scholz, Ann Marie Dailey, Joe Biden's, Western Europe —, Biden, Dailey, we're Organizations: NATO, Service, Pentagon, UN, Politico, UK's University of Bath, Finnish Institute of International Affairs, Center, New, New American Security, Bloomberg, Biden, RAND Locations: Korea, Russia, Ukraine, Kursk, Europe, New American, Norway, Western, Congress, Poland, Russian, South Korea, Western Europe, North Korea, China

☆ CEO of Nigeria's Air Peace charged in US with obstructing investigation into $20 million fraud probe
▼ + stars: | 2024-10-13 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

The CEO of Nigeria's Air Peace airline has been charged with obstruction of justice. Onyema was charged with bank fraud and money laundering in 2019. AdvertisementAllen Onyema, the CEO and founder of Nigeria's Air Peace airline, has been charged with obstruction of justice in the US, adding to previous charges of bank fraud and money laundering. "The aircraft that was referenced in each of the export letters of credit was never owned or sold by Springfield Aviation," the indictment says. AdvertisementHarry and Markle flew from Nigeria's capital Abuja to Lagos on Air Peace in May, the MailOnline reported at the time.

Persons: Allen Onyema, Onyema, —, Ejiroghene Eghagha, Ryan Buchanan, Prince Harry, Meghan Markle, Andrew Esiebo, Harry, Markle Organizations: Nigeria's Air, Service, Nigeria's Air Peace, US, Office, Northern, Northern District of, Air Peace's, Boeing, Business, Springfield Aviation, Onyema, Archewell, Air Peace, Daily, Nigerian Chief, Defense Staff Locations: Northern District, Northern District of Georgia, Nigeria, Georgia, Lagos, Nigeria's, Abuja, Nigerian

An OSHA spokesperson said in a response to NBC News that the agency did forward his safety allegations to the Coast Guard, which has the jurisdiction to investigate such claims. The Coast Guard also noted at the start of the hearing that the Titan never underwent an independent review, which is standard practice in the industry. “If the Coast Guard became a problem, then he would buy himself a congressman and make it go away,” McCoy said, adding that he resigned soon after. Rush “said the usual response that ‘it takes too long,’” Kohnen testified about getting OceanGate’s submersible classified by the industry. In a transcript of the conversation made public by the Coast Guard as part of the hearing, Rush denied he was going to put anyone at risk with the Titan.

Persons: Paul, Henri Nargeolet, Hamish Harding, Shahzada Dawood, Suleman, Dawood, OceanGate, ” David Lochridge, Rush, ”, Lochridge, ” Lochridge, Tony Nissen, —, Nissen, “ I’m, Amber Bay, Roy Thomas, Thomas, Steven Ross testified.Rush, Ross, ” Ross, “, Bart Kemper, ” Kemper, Guillermo Söhnlein, ’, Matthew McCoy, ” McCoy, William Kohnen, Rush “, ” Kohnen, ‘, ” Rush Organizations: U.S, OceanGate, Stockton Rush, Getty, LinkedIn, Coast Guard, OSHA, Occupational Safety, Health Administration, NBC News, Titan, American Bureau of Shipping, Kemper Engineering Services, Hydrospace Locations: U.S ., South Carolina, Washington, Canada, Amber, U.S

In a statement, the company said it was no longer operating, extended its condolences to relatives of the victims, and noted it has cooperated with the Coast Guard and National Transportation Safety Board investigations. Neubauer said the testimony gave important insight into the potential motivation in Rush and his company. Peter Girguis, a Harvard University professor and oceanographer who monitored the hearing, told CNN evidence of Rush’s ego-driven approach and heedlessness to repeated safety concerns appears to loom large in the disaster. Specifically, the letter alleged the language on OceanGate’s website was “confusing and misleading” and implied the Titan was “classed,” meaning certified to industry standards. The letter took issue with OceanGate’s decision not to try to get the Titan classified.

Persons: Jason Neubauer, ”, OceanGate, Stockton, Rush, Shahzada Dawood, Suleman Dawood, Hamish Harding, Paul, Henri Nargeolet, Neubauer, …, Peter Girguis, “ Stockton, ” Girguis, ” Neubauer, Karl Stanley, Stanley, ” Stanley, “, ” Donald Kramer, Stockton Rush, He’s, Amber Bay, Phil Brooks, OceanGate’s, Brooks, couldn’t, –, William Kohnen, Kohnen, ” Kohnen, ” Rush, CNN’s Dakin Andone, Eric Levenson Organizations: CNN, Coast Guard, Titan, Marine Board, Stockton Rush, Authorities, Atlantic, Marine Board of Investigation, National Transportation Safety, Harvard University, “ Stockton Rush, US Justice Department, National Transportation Safety Board, Justice Department, Stockton, Marine Technology Society, OceanGate Locations: Everett, Washington, English, Honduras, Stockton, Amber, paychecks, OceanGate, ‘, “ Stockton, North Charleston , South Carolina

☆ NYC Mayor Eric Adams indicted on federal charges in campaign finance case
▼ + stars: | 2024-09-26 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

New York City Mayor Eric Adams speaks during a press conference at the City Hall, after it was revealed that he received a fresh round of federal grand jury subpoenas, New York City, U.S., August 16, 2024. New York City Mayor Eric Adams has been indicted on criminal charges in federal court in Manhattan, a source familiar with the matter told CNBC on Wednesday night. The indictment, which remains sealed for now, at least in part accuses Adams of criminal conduct related to donations to his 2021 mayoral campaign. Adams, a 64-year-old former police captain, is at least the second New York mayor to be criminally charged while still in office. If Adams resigns before his first term in office ends, he would be replaced by New York City Public Advocate Jumaane Williams as acting mayor.

Persons: Eric Adams, Adams, Alexandria Ocasio, Cortez, Jumaane Williams Organizations: York City, City, New York City, CNBC, city's Campaign, Program, New York, New York Police Department, Manhattan U.S, Attorney's, New York Times, City Hall, Police Department, Brooklyn Borough, FBI, Public Locations: York, New York City, U.S, New York, Manhattan, Turkey, Israel, China, Qatar, South Korea, Uzbekistan, New, Alexandria, Cortez

☆ OceanGate employees were asked to accept delayed paychecks, witnesses tell investigators probing Titan implosion
▼ + stars: | 2024-09-24 | by ( Dakin Andone | Graham Hurley | ) edition.cnn.com time to read: +4 min

CNN —The company that built and operated the Titan submersible asked employees to forego their pay as it faced economic challenges, according to former employees testifying before the US Coast Guard panel probing the vessel’s deadly implosion last year. OceanGate employees were asked to “defer our paychecks” at the start of 2023, Amber Bay, the company’s former director of administration, said Tuesday as part of a two-week hearing before the Marine Board of Investigation – the highest level of Coast Guard inquiry. The board is reviewing the cause of the June 2023 implosion during the submersible’s dive to the Titanic, which claimed the life of OceanGate CEO Stockton Rush and four others. Members of the Coast Guard's Titan Submersible Marine Board of Investigation listen during the hearing inside the Charleston County Council Chambers on September 23, 2024, in North Charleston, South Carolina. Lochridge raised safety concerns about the company’s operations, he testified, saying he had “no confidence whatsoever” in how the Titan was built.

Persons: “, Amber Bay, ”, Rush, Phil Brooks, OceanGate’s, Brooks, Laura Bilson, OceanGate, Shahzada Dawood, Suleman Dawood, Hamish Harding, Paul, Henri Nargeolet, David Lochridge, Lochridge, ” Lochridge, CNN’s Ray Sanchez Organizations: CNN, Titan, US Coast Guard, Marine Board, Investigation, Coast Guard, Stockton Rush, Everett, Marine, Chambers, NTSB Locations: Amber, ” Bay, Stockton, Washington, paychecks, OceanGate, Charleston County, North Charleston , South Carolina, Rush

☆ Why Elon Musk is voting for the Republican party
▼ + stars: | 2024-07-23 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Read previewSince the attempted assassination of former President Donald Trump, Elon Musk has vowed support for the Republican party and created a super PAC to fund the campaign. Up until the shooting, Musk repeatedly said he was undecided about who to vote for, despite several meetings with Trump. AdvertisementThe billionaire said he used to consider the Democratic party "the party of meritocracy," "personal freedom," and "free speech." "You really have to take an active role in reducing the number of laws and regulations," Musk said in the interview. "So I vowed to destroy the woke-mind virus after that," Musk said in the interview.

Persons: —, Donald Trump, Elon Musk, Jordan B, Musk, it's, I've, Trump Organizations: Service, Republican, Twitter, Peterson, Democratic, Business, Trump, Biden Administration, SpaceX Locations: Russia, China, North Korea

☆ Why Trump shouldn't be president, according to Elon Musk's old tweets
▼ + stars: | 2024-07-23 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

But the mercurial billionaire was once a skeptic — and very vocal about why he thought Trump shouldn't govern the US. Back in July 2022, Musk criticized Trump after the former president called him a "bullshit artist" during a rally in Alaska. Musk later said in a follow-up post the same day that having Trump as president would result in "too much drama." Musk would go on to host DeSantis' campaign launch on X in May 2023, which was riddled with technical glitches and delays. The pair got closer this year, eventually culminating in a full-throated endorsement of Trump from Musk after Trump survived a failed assassination attempt on July 13.

Persons: —, Elon, Donald Trump's, Trump, Musk, Ron DeSantis, DeSantis, Reid Hoffman, Vinod Khosla, Vance, Vinod, Vance LFG, Jordan Peterson, it's, we've, @jordanbpeterson Organizations: Service, Business, Trump, Gov, Biden, Musk, Democratic Party, Republican Party, BI Locations: Alaska, Florida, United States of America, Gigafactory Texas

☆ Standard Chartered says Japan 'very, very close' to yen intervention
▼ + stars: | 2024-03-28 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

Japan is "very, very close" to intervening in the yen, Steven Englander, head of Global G10 FX research and North America macro strategy at Standard Chartered Bank, told CNBC as the currency languishes at multi-decade lows. "I think we're actually very, very close to them [Japanese authorities] jumping in ... they've already discussed the political consequences and nobody's sitting there asking for a weaker yen," Englander told CNBC's "Squawk Box Asia" on Thursday. The Japanese yen traded around 151.47 against the U.S. dollar on Thursday after falling to its weakest level in 34 years at 151.97 in the previous session. Standard Chartered's Englander said potential intervention in the yen would be aimed at buying time for Japanese authorities until the U.S. Federal Reserve starts cutting interest rates or until the Bank of Japan hikes its rates a little more. He further noted that when Japanese authorities last intervened in the yen in 2022, it "worked out pretty well," even though investors were initially skeptical of the effectiveness of such currency intervention.

Persons: Steven Englander, they've, nobody's, Englander, CNBC's, Shunichi Suzuki, Masato Kanda, Yoshimasa Hayashi Organizations: Global, Standard Chartered Bank, CNBC, U.S, Reuters, U.S . Federal Reserve, Bank of Japan Locations: Japan, North America, .

☆ The U.S. Investors Caught in the Scrum Over TikTok
▼ + stars: | 2024-03-26 | by ( Lauren Hirsch | ) www.nytimes.com time to read: +1 min

For years, the U.S. investors who backed ByteDance, the Chinese internet company that owns TikTok, have wrestled with the complexities of owning a piece of a geopolitically fraught social media app. A bill to force ByteDance to sell TikTok is winding its way through the Senate after sailing through the House this month. In December, a Missouri pension board voted to divest from some Chinese investments, following political pressure from the state treasurer. The Beijing-based company has grown into one of the world’s most highly valued start-ups, worth $225 billion, according to CB Insights. That’s a boon, at least on paper, for U.S. investors who put money into ByteDance when it was a smaller company.

Persons: it’s, ByteDance, Biden Organizations: Senate, General Atlantic, Susquehanna International Group, Sequoia Capital, Administration, U.S Locations: U.S, China, Missouri, Florida, Beijing, ByteDance

☆ Pentagon Review Faults No One for Failure to Disclose Austin’s Illness
▼ + stars: | 2024-02-26 | by ( Helene Cooper | ) www.nytimes.com time to read: +1 min

Few expected the Pentagon’s internal review of Defense Secretary Lloyd J. Austin III’s failure to tell President Biden and other senior leaders that he was in the hospital to amount to much. And indeed, it did not. The unclassified version of the review was released on Monday. The review instead retreats behind paragraphs of heavy legalese that do little to disguise the lack of accountability. It is a strange document, with recommendations signed by Mr. Austin himself.

Persons: Lloyd J, Austin III’s, Biden, Austin, Walter Reed Organizations: Defense Department, White, Walter Reed National Military Medical, Mr Locations: Bethesda, Md

☆ First on CNN: Top US humanitarian official to travel to Middle East this week
▼ + stars: | 2024-02-25 | by ( Jennifer Hansler | ) edition.cnn.com time to read: +4 min

CNN —The US government’s top humanitarian aid official will travel to Israel, the West Bank, and Jordan this week in an effort to address the humanitarian crisis in Gaza that is veering into catastrophe. Power will “underscore the importance of protecting civilians and aid workers in accordance with international humanitarian law,” the spokesperson said. Power is the latest Biden administration to travel to the region to emphasize the US’ strong concerns over the deepening humanitarian crisis in the war-torn strip. Although the Biden administration has become increasingly critical of the toll of the Israeli offensive, it remains at odds with the international humanitarian community and nations like Jordan by vetoing calls for an immediate ceasefire. Ongoing outrage over the administration’s continued support for the Israeli military offensive threatens to be a political problem for Biden in an election year.

Persons: Samantha Power, “, Biden, –, Joe Biden, vetoing, ”, ” Christopher Lockyear Organizations: CNN, West Bank, US Agency for International Development, USAID, Palestinian Authority, Hamas, Biden, UNRWA, Congress, United Nations, Doctors, UN Locations: Israel, Jordan, Gaza, ”, Rafah, Michigan, States

House Speaker Mike Johnson has known, as so many of us have, that the Mayorkas impeachment was doomed to fail from the start. But at its core, impeachment is a political process, not a legal one. Over the past year, Congress’ use of impeachment has gone from merely political to politically gratuitous. House Republicans opened an impeachment inquiry into President Biden himself last year over only the murkiest of corruption charges. The Mayorkas impeachment is, in essence, about policy disagreements that Republicans would like to air to the public in an election year.

Persons: Alejandro Mayorkas, Mayorkas, Mike Johnson, we’ve, Tyler Hughes, Gregory Koger, Barack Obama’s, – Obama, Donald Trump, Impeaching Mayorkas, Bill Clinton, Trump’s, Biden, Trump Organizations: U.S . House, Homeland, Republicans, Democrat, Louisiana Republican, White House, California State University – Northridge, University of Miami, Biden, it’s, Trump Locations: Louisiana, Ukraine, Israel

Yet it almost felt that way during Stewart's return to “The Daily Show” Monday night. Neither will that night prove Stewart can regain the position of prominence he stepped away from in August 2015. He moved swiftly into the news, and up-to-date doings of President Joe Biden and his Republican rival. “The Daily Show” even found one where Trump said he couldn't remember talking about how good his memory is. The “campaign” interlude allowed Stewart, and viewers who had drifted away from “The Daily Show” after he left, to become acquainted with unfamiliar cast members.

Persons: Jon Stewart, Stewart's, Stewart, Trevor Noah, ” Stewart, MSNBC's Rachel Maddow, Joe Biden, Robert Hur's, “ Joe Biden, ”, Biden, Kamala Harris, Donald Trump, Trump, ” Deggans, “, ” Jeremy Egner, Correspondent Dulce Sloan, Jordan Klepper, Jon Stewart ”, ___ David Bauder Organizations: Comedy Central, Central, Republican, The New York Times, Correspondent, Apple, Associated Press Locations: China

☆ US Underlines to Israel It Must Stick to International Law on Weapons
▼ + stars: | 2024-02-09 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +3 min

By Steve HollandWASHINGTON (Reuters) - The United States has briefed Israel on a new U.S. national security memorandum that reminds countries receiving U.S. weapons to stick to international law, the White House said on Friday. The Israeli assault was launched in response to a Hamas attack on Israel in which Israel says 1,200 people were killed. "Instead we are spelling publicly the existing standards by the international law including the law of armed conflict." One section of the memorandum reminds recipients of U.S. military aid to "respect their obligations under international law and reduce the risk of civilian harm." Even if states say they are acting in self-defense, international rules regarding armed conflict apply to all participants in a war.

Persons: Steve Holland WASHINGTON, Israel, Biden, Karine Jean, Pierre, Jean, Joe Biden, Steve Holland, Heather Timmons, Rosalba O'Brien Organizations: United, House, Hamas, Leftist Democrats, Arab, Biden, U.S Locations: United States, U.S, Israel, Gaza, Washington, Dearborn , Michigan

The 30-day review was submitted to Austin on Thursday. Maj. Gen. Pat Ryder, the Pentagon press secretary, said portions of the review are classified but the department will release what it can of the review. Photos You Should See View All 21 ImagesIt took another four days before the reason for his hospitalization was disclosed. The review was directed on Jan. 8, by Austin's chief of staff, Kelly Magsamen, and was done by Jennifer Walsh, the Pentagon's director of administration and management. She said it must examine the existing process for when a secretary transfers decision-making authorities and who should be notified, and make recommendations for improvement.

Persons: Lloyd Austin, Pat Ryder, Austin, Ryder, Joe Biden, Kathleen Hicks, Kelly Magsamen, Jennifer Walsh, Magsamen Organizations: WASHINGTON, Pentagon, Austin, National Security Council, Joint Chiefs of Staff Locations: Maj

☆ House rejects Israel aid bill amid fight over bipartisan border package
▼ + stars: | 2024-02-06 | by ( Summer Concepcion | Megan Lebowitz | ) www.cnbc.com time to read: +6 min

The House failed to pass a standalone bill to provide aid to Israel amid congressional infighting over a bipartisan Senate border bill that also included foreign aid to Israel, Ukraine and Taiwan. The Senate released the text of the bipartisan border bill Sunday, which combines Israel and Ukraine with a package of stricter border security and asylum laws. The standalone Israel bill includes $17.6 billion in military aid to the country "as well as important funding for U.S. The Israel aid bill comes as Republican hard-liners try to thwart the $118 billion bipartisan Senate border bill. House Democratic leadership came out against the stand-alone Israel bill Tuesday morning.

Persons: Mike Johnson, Amir Ohana, Jim Himes, Donald Trump, Ken Calvert, Johnson, Kay Granger, Joe Biden, Biden, — Johnson, Steve Scalise, Tom Emmer, Elise Stefanik, ", Hakeem Jeffries, Katherine Clark of, Pete Aguilar, MAGA, Israel Organizations: U.S, Capitol, Minnesota Democrat, Democratic, House Intelligence, Intelligence, Republicans, Saturday, Senate, U.S . Forces, Israel, United States, Management, Republican, GOP, House Republicans, Freedom Caucus, Caucus Locations: Washington , U.S, Jim Himes of Connecticut, Israel, Ukraine, Taiwan, R, Texas, United, Johnson's speakership, Louisiana, Minnesota, New York, United States, Katherine Clark of Massachusetts, Pete Aguilar of California, East

☆ Group of Democrats call on Blinken to provide answers on bypassing Congress to approve arms sales to Israel
▼ + stars: | 2024-01-30 | by ( Jennifer Hansler | ) edition.cnn.com time to read: +6 min

CNN —A group of 19 predominantly Democratic lawmakers is calling on Secretary of State Antony Blinken to provide answers about why he bypassed Congress last month to approve arms sales to Israel. The top US diplomat made two emergency determinations in December to immediately approve the transfer hundreds of millions of dollars in military equipment to Israel. In their letter, the lawmakers noted the rarity of administrations using emergency declarations to immediately approve arms sales without congressional approval. “Use of a national emergency waiver does not exempt the U.S. government from assessing whether arms sales are consistent with” those standards, they wrote. I would say that the process that the secretary followed and the process that we follow here at the State Department is the process that the law actually prescribed,” Miller said at a State Department briefing.

Persons: Antony Blinken, Blinken, Joe Biden, Independent Sen, Bernie Sanders, Democratic Sens, Elizabeth Warren, Jeff Merkley, Peter Welch, James McGovern, Earl Blumenauer, Joaquin Castro, Judy Chu, Raúl, Pramila Jayapal, Barbara Lee, Betty McCollum, Chellie Pingree, Mark Pocan, Delia Ramirez, Jan Schakowsky, Jill Tokuda, Maxine Waters, Eleanor Holmes Norton, Leahy, credibly, “ Israel, ”, ’, “, Matt Miller, ” Miller Organizations: CNN, UN, Independent, Democratic, State Department, Leahy, ”, Department Locations: Israel, Gaza, Hamas

U.S. President Joe Biden speaks to United Auto Workers members at the UAW's Community Action Program (CAP) legislative conference in Washington, U.S., January 24, 2024. The United Auto Workers union is endorsing President Joe Biden for reelection this year, UAW President Shawn Fain announced Wednesday at a union conference in Washington, D.C."Today, I'm proud to stand up here with your International Executive Board and announce that the UAW is endorsing Joe Biden for President of the United States," Fain said. "We will reelect Joe Biden." "Look, I kept my commitment to be the most pro-union president ever," Biden said following the endorsement announcement. Biden threw his own punches at Trump, who he expects to face in a general election rematch in November.

Persons: Joe Biden, Shawn Fain, Fain, reelect Joe Biden, shouldn't, Biden, Nikki Haley, Trump, Donald Trump Organizations: United Auto Workers, International, UAW, Democratic, New, Trump, South Carolina Gov, Republican Locations: Washington , U.S, Washington ,, United States, New Hampshire, Michigan, Detroit, America

☆ Ukraine’s US lifeline is hanging by a thinning thread
▼ + stars: | 2023-12-05 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

In a grave blow to its prospects, Ukraine aid has now been embroiled by Republicans in a separate imbroglio over immigration. While Ukraine’s survival is at stake, so is the reputation of the United States as a global leader. Johnson may struggle to retain his tenuous hold on his job if he uses Democratic votes to pass a Ukraine funding package. The Ukraine aid package is now caught in the most intractable US political issue — immigration. “We are at a moment in history.”But a group of Republican senators who normally back Ukraine aid signaled Monday they couldn’t move forward without immigration changes attached to the measure.

Persons: Vladimir Putin’s, Joe Biden, Israel —, “, Jake Sullivan, Vladimir, ”, Sullivan’s, Shalanda Young, Mike Johnson, United States Oksana Markarova, CNN’s Wolf, Volodymyr Zelensky, Lloyd Austin, Zelensky, Donald Trump, Putin, Trump –, Republican Sen, Jim Risch of, “ Vladimir Putin, …, he’s, outlasting, ” Risch, Ben Hodges, ” Hodges, Johnson, Biden, Chuck Schumer, Texas Sen, John Cornyn Organizations: CNN, White, of Management, GOP, Wing, Kremlin, Trump, Republican, Intelligence and Foreign Relations, Halifax International Security, US Army, of, Republicans, Democratic, New York Democrat, Texas, Ukraine, US Defense Department, Internal Revenue Service, – Locations: Israel, Ukraine, Russian, U.S, United States, Russia, Moscow, North Korea, Iran, Kyiv, Washington, China, Jim Risch of Idaho, Canada, Ret, — Washington, Berlin, Paris, London, of America, Europe, Crimea, Ukrainian, Mexico, Taiwan

☆ Benko's complex web at Signa - from Chrysler building to Berlin landmark
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +6 min

SIGNA PRIME/PROPERTY PORTFOLIOAccording to Signa, Prime is the group's largest company in its real estate division, valued at around 20.4 billion euros ($22.23 billion). Since 2019 Signa Holding has also been a co-owner of New York's iconic Chrysler Building. TRADING/RETAIL COMPANIESBenko has bundled his trading interests under the divisions Signa Retail and Signa Premium. In Switzerland, Benko's trading investments are bundled into Signa Retail Selection AG, which filed for bankruptcy protection on Wednesday. In 2018, Signa Holding bought around 24% stake in Austrian daily newspapers "Krone" and "Kurier" from Funke media group.

Persons: Lisi Niesner, Rene Benko, Ernst Tanner, Hans Peter Haselsteiner, Torsten Toeller, Arthur Eugster, SIGNA, Signa, Otto Wagner, Benko's, Klaus, Michael Kuehne, Kuehne, Hamburg's, Chirathivat, Benko, Frasers, Kaufhof, Karstadt, Galeria, Alexandra Schwarz, Goerlich, Mattias Inverardi, Victoria Farr, Emma, Rachel More, Elisa Martinuzzi, Tomasz Janowski Organizations: Signa, REUTERS, Chrysler, Bank Austria, Femina, Chrysler Building, . Central Group, Globus, Selfridges, Central Group, Funke, Thomson Locations: Berlin, Germany, New, Britain's Selfridges, Innsbruck, Swiss, Vienna, Hamburg, KaDeWe, Oberpollinger, Munich, Vienna's, Tyrol, Essen, Duesseldorf, London, Switzerland

☆ UK's Frasers plans to buy SportScheck assets out of administration
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +1 min

'SportScheck' store is seen closed due to the coronavirus disease (COVID-19) pandemic in Munich, Germany, February 5, 2021. REUTERS/Michaela Rehle/File Photo Acquire Licensing RightsNov 30 (Reuters) - British sports and fashion group Frasers (FRAS.L) said on Thursday it will seek to buy SportScheck's business and assets out of administration after the German sporting goods retailer filed for insolvency. Signa on Wednesday filed for self-administered reorganisation proceedings, and media reports followed on Thursday that SportScheck would also file for insolvency. Frasers confirmed SportScheck's administration in its statement and said it exercised its rights under its agreement with Signa to withdraw from the deal. However, the London-listed group said it intends to work with SportScheck's appointed administrator to purchase its business and assets.

Persons: Michaela Rehle, Frasers, Signa, SportScheck, SportScheck's, Sri Hari, Krishna Chandra Organizations: REUTERS, SportScheck, Retail, Sports, Sri, Thomson Locations: Munich, Germany, London, SportScheck, Bengaluru

Borrell said all EU members attending the meeting of Mediterranean nations in Barcelona and almost all attendees overall had agreed on the need for a two-state solution. In response to that attack, Israel bombarded the enclave and mounted a ground offensive in the north. A two-state solution envisages a state for the Palestinians in the West Bank and Gaza Strip alongside Israel. Saudi Foreign Minister Prince Faisal bin Farhan spoke as a representative of a group of ministers from the Arab League and the Organisation of Islamic Cooperation. Jordan's Safadi added, however: "Some among us are still refusing to call for a ceasefire... We demand it be implemented immediately."

Persons: Josep Borrell, Mohammad Shtayyeh, Nasser Nasser, Borrell, Ayman Safadi, Riyad al, Maliki, Prince Faisal bin Farhan, Jordan's Safadi, Joan Faus, David Latona, Aislinn Laing, Ed Osmond, Alex Richardson, Nick Macfie Organizations: Palestinian, West Bank, Rights, European Union, Palestinian Authority, Hamas, Reuters, Union of, Saudi Foreign, Arab League, of Islamic Cooperation, Thomson Locations: Ramallah, Rights BARCELONA, Spain, Palestinian, Gaza, Barcelona, Israel, Jordanian, Qatar, Egypt, United States

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