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The lessors have so far unsuccessfully argued in Indian courts to get their planes back, citing concerns that parts could go missing and hurt their assets. In a non-public filing dated July 28 and reviewed by Reuters, ACG submitted pictures and details to the Delhi High Court, listing missing parts from two Airbus A320 planes it inspected. These included the captain's "side stick" used to fly the aircraft, a tiller that helps steer it while on the ground, engine fan blades that were "completely missing", a partly missing toilet seat and an escape slide that had been removed. The filing does not say who took out the parts or how they went missing. Go First, whose lessors also include Standard Chartered's Pembroke Aircraft Leasing, SMBC Aviation and BOC Aviation, did not respond to a request for comment.

Persons: Adnan Abidi, ACG, Pratt, Aditi Shah, Aditya Kalra, William Mallard Organizations: REUTERS, NEW, Go, ACG Aircraft Leasing, Bankruptcy, Reuters, Court, Airbus, Pembroke Aircraft Leasing, SMBC Aviation, BOC Aviation, Raytheon, Whitney, Thomson Locations: New Delhi, India, NEW DELHI, Ireland, Delhi, U.S

☆ Oil companies sue U.S. over Gulf auction changes meant to protect whale
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +2 min

Unused oil rigs sit in the Gulf of Mexico near Port Fourchon, Louisiana August 11, 2010. The suit is the latest dispute between the oil and gas industry and the administration of President Joe Biden over leasing federal lands and waters for energy development. The final sale notice included new restrictions on development meant to protect the endangered Rice's whale. Lease Sale 261 will be held on Sept. 27 and will offer approximately 12,395 blocks on approximately 67 million acres (27 million hectares) on the U.S. Outer Continental Shelf in the Western, Central, and Eastern Planning Areas in the Gulf of Mexico.

Persons: Lee Celano, Joe Biden, Biden, Ryan Meyers, Mrinmay Dey, Nichola, Michael Perry Organizations: REUTERS, Chevron, Biden, Western, Western District of, Interior Department's, of Ocean Energy Management, American Petroleum Institute, Interior Department, U.S . Outer Continental, Thomson Locations: Gulf of Mexico, Port Fourchon , Louisiana, Louisiana, Gulf, Mexico, Western District, Western District of Louisiana, Central

☆ Singapore's Grab says its ride-hailing unit is on track to hit pre-Covid levels by the end of the year
▼ + stars: | 2023-08-24 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

Photographer: Ore Huiying/Bloomberg via Getty Images Ore Huiying | Bloomberg | Getty ImagesSingapore-based Grab said on Wednesday that its ride-hailing unit is on track to hit pre-Covid levels by the end of this year. Grab, which also offers food delivery and mobile payments, said that its mobility GMV has recovered to 85% of pre-Covid levels. We remain on track to exit 2023 at pre-Covid GMV levels. "We remain on track to exit 2023 at pre-Covid GMV levels," Oey said during Grab's earnings call on Wednesday. Grab's Hungate said driver supply levels are currently at 84% of pre-Covid levels and that the firm will "continue to focus on improving driver supply."

Persons: Alex Hungate, Peter Oey, Oey, GrabShare, Sachin Mittal, Grab's Hungate, Kai Wang, Jonathan Woo, Woo Organizations: Grab Holdings, Bloomberg, Getty, Getty Images, CNBC, DBS Bank, DBS, Trans, Morningstar Asia, Revenue, Phillip Securities Research Locations: Singapore, Getty Images Singapore, Malaysia, Thailand, Grab's U.S

☆ Want a deal on an EV? Leasing is your best bet — and these models have the best rates right now
▼ + stars: | 2023-08-23 | by ( Alexa St. John | ) www.businessinsider.com time to read: +2 min

For that reason, EV leasing may soon take off, and there are deals to be had. EV leases and deals may become more popular as more EV inventory becomes available. AdvertisementAdvertisementFor car shoppers thinking about going electric, but worried about the commitment of a purchase, EV leasing could be a smart idea — and there are deals in store. Edmunds assessed the most affordable EV leases in July through mid-August this year. Here are the 10 most affordable EV leases, per Edmunds.

Persons: Edmunds, Bolt EUV Organizations: EV, Chevrolet, Nissan Locations: Edmunds

☆ Sohrab Ahmari, the Right-Winger Calling for Social Democracy - The New York Times
▼ + stars: | 2023-08-21 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +2 min

The talk took place at a packed, sweltering event space on the Lower East Side, before an audience heavy on Twitter (now X) personalities and writers for small magazines. Introducing the discussion, Sunkara said that when Ahmari invited him to participate, he was skeptical. But then he read Ahmari’s book, “Tyranny, Inc.: How Private Power Crushed American Liberty — and What to Do About It,” and found, as he explained, “surprisingly very little to criticize.”The book surprised me as well. As Sunkara pointed out, the word “woke” appears only a handful of times, in most cases in reference to the blind spots of the anti-woke right. Reading “Tyranny, Inc.,” I kept wondering how Ahmari had gone from conservative cultural crusader to genuine economic populist and, more important, whether any other social traditionalists could make the same leap.

Persons: Sohrab Ahmari, Bhaskar Sunkara, Sunkara, Ahmari, Power, Liberty —, “, David French, ” I’d, it’s, ” Organizations: New, Jacobin, Twitter, Inc, Liberty Locations: New York City

☆ Kuwait Airways plans to lease eight Airbus jets within 10 years
▼ + stars: | 2023-08-20 | by ( Ahmed Hagagy | ) www.reuters.com time to read: +1 min

KUWAIT CITY, Aug 20 (Reuters) - Kuwait Airways (KA.UL) plans to lease eight Airbus (AIR.PA) passenger jets within 10 years, Chairman Ali Aldokhan said on Sunday. The state-owned carrier is examining offers from leasing companies, and the contract duration for the leased planes, all Airbus 321 neo aircraft, will be between eight and 10 years, Aldokhan told a news conference. The plan to lease eight planes is in addition to Kuwait Airways' multi-billion dollar deal with Airbus in 2022 to buy 31 planes, 18 of which it has already received. The cost of jet fuel for Kuwait Airways has increased 38% year-on-year since the beginning of 2023, Aldokhan said. Kuwait Airways is in negotiations with Kuwait Petroleum Corporation on a discount mechanism to reduce the airline's jet fuel costs, CEO Maen Razouqi told the same press conference.

Persons: Ali Aldokhan, Aldokhan, Maen Razouqi, Ahmed Hagagy, Adam Makary, David Goodman, Susan Fenton Organizations: KUWAIT CITY, Kuwait Airways, Airbus, Kuwait Petroleum Corporation, Tala, Thomson Locations: KUWAIT

☆ The US mall is making a comeback as retailers leverage digital marketing
▼ + stars: | 2023-08-20 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +9 min

The mall as a retail concept is alive and well, with retailers pivoting to fit the demands of a digital age. A shopper carries retail bags while walking through a shopping mall in Columbus, Ohio, U.S., on Friday, Dec. 10, 2021. A socially conscious generation acutely aware of climate change, Gen Z is also more likely to support brands prioritizing sustainability. That in-store experience is so critical.”People stroll through a shopping mall in Foxborough, Massachusetts, on May 18, 2023. “There has been a rise in ‘experience-focused’ tenants in shopping malls that offer experiences like go-karting, trampolining, virtual reality, and arcades,” said ICSC vice president Stephanie Cegielski.

Persons: Coresight, ”, Deborah Weinswig, Brandon Isner, CBRE’s, Kirsten Lee, ” It’s, ” Coresight, Tal Yellin, Isner, Luke Sharrett, Stephen Yalof, Warby Parker, Allbirds, Al Drago, Lee, Gen, Gen Zers, Erin Clark, it’s, Stephanie Cegielski, Covid, “ Organizations: New, New York CNN — Retail, Coresight Research, Retail Research, Brookfield Properties, “, Simon Property Group, Taubman Centers “, Tanger Outlets, CNN, Bloomberg, Getty, Tanger, Washington , D.C, International Council of Shopping Centers, “ Social, Boston Globe Locations: New York, Americas, Brookfield, Nashville , Tennessee, Chelsea , New York, Columbus , Ohio, U.S, Georgetown, Washington ,, ’, Foxborough , Massachusetts

☆ A financially independent real-estate investor who had to get creative to afford her first property shares 3 strategies rookie investors can use to get started on a tight budget
▼ + stars: | 2023-08-18 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

Look into private lending, which is how she started, and subject-to financing, she advises. Private lendingThis is exactly how McIntyre financed her first property: She obtained a private loan, rather than going through a traditional mortgage lender. We worked out a private loan and he didn't need to verify my income or anything. Subject-to financingWith subject-to financing, the buyer takes over the existing financing. You don't actually assume the mortgage — it remains in the seller's name with the same terms — but you'll make mortgage payments on behalf of the seller.

Persons: Zeona McIntyre couldn't, McIntyre, I'd, Zeona McIntyre, Zeona, she's, you'll, I've Locations: Colorado, Boulder

☆ Premarket stocks: How China's economic turmoil could hurt your portfolio
▼ + stars: | 2023-08-17 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

Why it matters: “For most of the last two decades, China’s economic growth has been a major driver of the global economy,” said Alex Etra, a strategist at data analytics firm Exante. That means that if China’s economy slows down, global economic growth slows down. ExxonMobil (XOM) may not be doing too much business with China, said Etra, but if Chinese growth slows, that means oil prices go down. Earlier this year, Bank of America compiled a list of the S&P 500 companies with the highest exposure to China. The grand total of all the private wealth in the world fell 2.4% to $454.4 trillion last year, according to the annual Credit Suisse and UBS global wealth report.

Persons: Joe Biden, BlackRock, ”, Alex Etra, Michael Burry’s, Allison Morrow, That’s, Jason Hart, Winn, ” Hart, “, Ramishah Maruf Organizations: CNN Business, Bell, New York CNN, country’s National Bureau of Statistics, ExxonMobil, Apple, Intel, Starbucks, Nike, Bank of America, Las, Qualcomm, Nvidia, Wynn Resorts, WYNN, MGM Resorts, MGM, Funds, PitchBook, Michael Burry’s Scion Asset Management, Moore Capital Management, D1 Capital, Tiger Global, Securities, Exchange, Credit Suisse, UBS, Millionaires, Aldi, Dixie, Winn, CNN Locations: New York, Beijing, China, Ukraine, United States, Aldi, Winn

☆ Here are Wednesday's biggest analyst calls: Amazon, Tesla, Nio, Nvidia, Roblox, Dick's and more
▼ + stars: | 2023-08-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Goldman Sachs reiterates Amazon as buy Goldman Sachs said the e-commerce giant remains a top idea at the firm. Jefferies reiterates Cava as buy Jefferies said it's sticking with its buy rating on shares of Cava after the Mediterranean restaurant's earnings report Tuesday. Jefferies reiterates Roblox as buy Jefferies said it's standing by its buy rating on Roblox but that it's lowering its price target to $38 per share from $50. "We reiterate our Buy rating on sequential improvement in product offerings and sales volume." Wedbush reiterates Dick's as outperform Wedbush said it's bullish on shares of Dick's heading into earnings next week.

Persons: Tesla, Bernstein, DINO, MGY, Goldman Sachs, Jefferies, Cava, Roblox, it's, Bud Light, Beer, KeyBanc, FTNT, Dr Pepper, Wells, Wells Fargo, Marqeta, Nio, Wedbush, Morgan Stanley, Getty Organizations: Street, Barclays, Mizuho, Chevron, North American, Citi downgrades, Citi, Deutsche Bank, Anheuser, Busch InBev, Nvidia, Network, Palo, UBS, GE HealthCare, Bank of America, Corp, News Corp, Getty Locations: MTDR, eCommerce, Cava, Singapore

☆ This real estate stock could climb more than 20% as shares are skewed to the upside, Goldman Sachs says
▼ + stars: | 2023-08-16 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Brixmor Property Group's recent second-quarter earnings beat is only the beginning of potential growth for the shopping center real estate investment trust, according to Goldman Sachs. The Wall Street bank upgraded BRX to buy from neutral Wednesday, with a $27 per share price target, up from $23. Brixmor stock has dipped about 2% from the start of the year. The company reported June quarter funds from operations of 52 cents per share, according to FactSet, while analysts polled had forecast 50 cents. "While the upside is not new, we believe investors increasingly value the reliability of this source of cash flow growth."

Persons: Goldman Sachs, Caitlin Burrows, Burrows, — CNBC's Michael Bloom Locations: New York

☆ A Gen Zer and millennial whose monthly car payments exceed their housing costs say it's 'stressful' but that they need a car
▼ + stars: | 2023-08-16 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

A record-high share of Americans is taking on monthly car payments of $1,000 or more. Car payments exceed housing as the biggest expense for some Gen Zers and millennials. Last year, the median monthly rent payment in the US was roughly $1,000, according to the Federal Reserve. Sherbina said managing his high monthly car bill — in addition to his other living expenses — could be stressful. "Having this high of a car payment is both stressful and has some psychological impacts," he said.

Persons: Zers, Nikita Sherbina, Sherbina, Ivan Drury, Edmunds, Cyrus Partow, Partow, It's Organizations: Service, Federal Reserve, BMW Locations: Wall, Silicon, Edmunds, Texas, Wyoming, Seattle, Los Angeles

☆ Carbon storage is gaining favor. These are the companies investors need to know
▼ + stars: | 2023-08-15 | by ( Alex Harring | ) www.cnbc.com time to read: +8 min

Carbon capture, utilization and storage processes have been around for half a decade, but are currently gaining momentum. Some focus on modifying already-standing power as well as industrial plants that work on carbon capture. Put more succinctly, Deutsche Bank analyst James Hubbard called carbon capture "simple in theory" but "capital intensive and divisive" in reality. He also noted the company has one of the industry's largest carbon capture positions. Staphos cited the potential of its carbon capture operations as a long-term reason to be optimistic, even as its more traditional end-market, homebuilding, faces near-term pressure.

Persons: CCUS, Worley, Wood MacKenzie, Goldman Sachs, Jan Hatzius, Hatzius, James Hubbard, Goldman's Brian Singer, Baker Hughes, Goldman, Ati Modak, hasn't, Stephens, Mike Scialla, Scialla, George Staphos, Staphos, — CNBC's Michael Bloom Organizations: Big, International Energy Agency, U.S . Department of Energy, Battelle, Carbon Technologies, Occidental Petroleum, Carbon Engineering, Energy, Deutsche Bank, Wall Street, Occidental Petroleum . Energy, Baker, Occidental, of Energy, Bank of America, Weyerhaeuser, Bloom Energy, CF Industrial, Honeywell, KBR, Linde, Nutrien, Teledyne, Refinitiv Locations: Vermont, stoke, Maui, Big Tech, Texas, Louisiana, Carbon Technologies . Texas, Kleberg County, Rio Grande, Denmark, Switzerland, Union, Occidental, Boise, Pacific

☆ Montana judge hands young plaintiffs significant victory in landmark climate trial
▼ + stars: | 2023-08-14 | by ( Ella Nilsen | ) edition.cnn.com time to read: +6 min

CNN —A Montana judge handed a significant victory on Monday to more than a dozen young plaintiffs in the nation’s first constitutional climate trial, as extreme weather becomes more deadly and scientists warn the climate crisis is eroding our environment and natural resources. While Seeley’s ruling won’t prevent mining or burning fossil fuels in the state, it will reverse a recently passed state law that prohibits state agencies from considering planet-warming pollution when permitting fossil fuel projects. “Their same legal theory has been thrown out of federal court and courts in more than a dozen states. The federal climate case alleges the federal government’s activities allowing further fossil fuel development, including permitting and leasing for oil and gas drilling, is violating young people’s constitutional rights to life, liberty and property. Olson recently told CNN she hopes the state case will boost the Juliana case.

Persons: Kathy Seeley, Montana’s, ” Seeley, ”, Julia Olson, Montana didn’t, general’s, Emily Flower, Austin Knudsen, ” Flower, “, Pat Parenteau, Olson, Biden, Daniel Farber, Juliana, it’s, ” Olson, ” Michael Gerrard, Gerrard, ” Farber Organizations: CNN, Trust, Montana, CNN Experts, Montana Supreme, Environmental, Vermont Law School, University of California, United, Children’s Trust, Biden administration’s Department of Justice, Court, Sabin, Climate, Columbia University Law School Locations: Montana, ” Montana, Hawaii, University of California Berkeley, United States

☆ AI companies are flocking to San Francisco — giving the city's commercial real-estate market a much-needed boost
▼ + stars: | 2023-08-10 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

The city may have the recent AI boom to thank for the boost, experts say. According to data from VTS, San Francisco saw a recent boom in demand, experiencing a 10.2% demand increase in the most recent quarter. It's perhaps unsurprising that AI companies seem to have San Francisco in their sights. Quinn said JLL had 10 AI clients eyeing around 750,000 to one million square feet of San Francisco real estate. One AI company, Hive, recently announced it was subleasing three floors of a downtown San Francisco office — taking over space previously occupied by software company Okta, Bloomberg reported.

Persons: Alexander Quinn, Jones Lang LaSalle, Nick Romito –, –, There's, Romito, It's, Quinn, JLL, —, VTS's Romito, He's Organizations: Morning, PayPal, ChatGPT, San Francisco's Mission, San Francisco's, Economic, Workforce Development, Bloomberg Locations: Francisco, VTS, San Francisco, San Francisco's

☆ Manhattan rents hit a record high for the third time in four months
▼ + stars: | 2023-08-10 | by ( Anna Bahney | ) edition.cnn.com time to read: +4 min

Washington, DC CNN —Rents in Manhattan hit another all-time high in July, the third record high in the past four months, even as rents are cooling in other parts of the country. That’s up 6% from a year ago and up 2.3% from June, when rents hit were at $4,300. A one-bedroom apartment in the borough had a median rent of $4,295, up 7.4% from last year; while a two-bedroom apartment had a median rent of $5,200, up 4% from a year ago. Not only did median rents go up, but the amount of concessions — or incentives offered by landlords — continued to drop. All the metrics for rent tracked in the report — including median rent, median rent inclusive of concessions and the average rent — hit record highs.

Persons: Douglas Elliman, Miller Samuel, That’s, —, ”, Jonathan Miller, Miller, “ Organizations: DC CNN Locations: Washington, Manhattan, New York City, Brooklyn, Queens, New York

"It is not going to be easy for them (Russia)," said one industry executive with knowledge of grains exports. Last year, Russia exported a record volume of wheat on ships chartered from international companies and traders. "Most of what is coming out is dealt with by Russian traders using (shadow) fleet ships, which international traders would not touch". The Black Sea remains a critical area for Russian exports, with other locations more complicated and costly. Russia's Black Sea terminals handle about 70% of the country's grain exports.

Persons: Vladimir Putin, Eduard Zernin, Zernin, Cargill, Louis Dreyfus, Viterra, Dreyfus, Bunge, Denmark's, Mike Salthouse, Rosagroleasing, Victoria Mitchell, Jonathan Saul, Nigel Hunt, Polina Devitt, Gus Trompiz, Frank Jack Daniel Our Organizations: General's, REUTERS, Russia's, Grain, Reuters, International Grains Council, Russian, Control, Thomson Locations: Russian, Odesa, Ukraine, Russia Russia, Moscow, Africa, Novorossiysk, Russia's Union, Russia, Turkey, China, Denmark's NORDEN, Bulgaria, Romania, United States, Europe, Taman, Russia's, ., London, Paris

☆ Air lease profit rises on strong aircraft demand
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +1 min

Air Lease logo is seen displayed in this illustration taken, May 4, 2022. REUTERS/Dado Ruvic/IllustrationAug 3 (Reuters) - Aircraft lessor Air Lease Corp (AL.N) on Thursday posted a 15% rise in second-quarter profit on Thursday, as airlines look to expand capacity to cater to a strong pent-up travel demand. This has also led to high leasing rates boosting profit for aircraft lessors. The company reported a net profit of $122 million, or $1.10 per share, for the three months ended June 30, compared with a profit of $105.9 million, or 95 cents per share, a year ago. Reporting by Shivansh Tiwary in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Shivansh, Arun Koyyur Organizations: REUTERS, Aircraft, Air Lease Corp, Leasing, Boeing, Airbus, Thomson Locations: Bengaluru

The beat was underpinned by much lower-than-expected "cost of risk" - money set aside for failing loans - of 166 million euros. Analysts had expected 430 million euros. Dubbed a "year of transition" by Krupa's predecessor Frederic Oudea, 2023 is also marked by a severe downturn at SocGen's French retail banking division, fresh from a merger of its two local networks. The second quarter was also affected by negative exceptional items of 240 million euros, which Credit Suisse analysts said were tied to "legacy legal disputes". Retail banking outside France fared better, as did SocGen's car leasing division ALD Automotive (ALDA.PA), whose sales jumped by more than 17% thanks to the acquisition of rival LeasePlan.

Persons: Gonzalo Fuentes, Krupa, Slawomir Krupa, France's, Jefferies, Frederic Oudea, Intesa, LeasePlan, SocGen, Mathieu Rosemain, Augustin Turpin, Ingrid Melander, Mark Potter Organizations: Societe Generale, La Defense, REUTERS, Royal Bank of Canada, European Central Bank, Credit Suisse, Retail, ALD Automotive, Thomson Locations: French, Courbevoie, Paris, France, PARIS, Russia

☆ SocGen beats second quarter estimates on cost control, car leasing unit
▼ + stars: | 2023-08-03 | by ( ) www.cnbc.com time to read: +1 min

Societe Generale , France's third-biggest listed bank, reported better-than-expected quarterly earnings on Thursday, as cost management and a strong growth of its car leasing division alleviated a steep fall in margins at its retail branch. SocGen reported a 900 million-euro, or $984 million, group net income for the three months-period ending in June, above the average analyst estimate compiled by the company of 670 million euros. The beat was also underpinned by lower-than-expected "cost of risk" — money set aside for failing loans — of 166 million euros in the second quarter, while the markets expected more than twice that figure, or 430 million euros. "The cost of risk was very low, reflecting the quality of our origination and our loan portfolio," said Chief Executive Slawomir Krupa, who was unveiling his first quarterly results in his new role. The bank, which confirmed its full-year objectives, didn't mention longer-term targets, as all eyes are now set on Sept. 18, when Krupa and his new executive team will present a strategic plan.

Persons: Slawomir Krupa, Krupa Organizations: Generale Locations: Russia

☆ Klein's UK SPAC deal is more swan song than encore
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +3 min

The northern English county is the home of serial acquirer CorpAcq, led by the brother of “Take That” singer Jason Orange, which Klein’s Churchill Capital Corp VII (CVII.N) special-purpose acquisition company vehicle now hopes to buy. The deal, which values the investor in plumbing to fork-lift leasing groups at $1.6 billion including debt, may struggle to relight the fire of the depressed SPAC sector. Klein’s planned deal comes amid a growing lack of patience by SPAC investors. CorpAcq could yet be magic for SPAC investors. Churchill’s sponsors, including Klein, will waive most of their founder shares, which typically vest when a deal is done.

Persons: Peter Rawlinson, Michael Klein, acquirer, “, Jason Orange, Klein’s, SPACs, Klein, Simon Orange’s, Pamela Barbaglia, Aston Martin, Neil Unmack, Streisand Neto Organizations: Lucid, Churchill Capital Corp, Nasdaq, Lucid Motors, Reuters, Blank, Cotton Traders, Twitter, Thomson Locations: New York City , New York, U.S, Cheshire, Stockholm, Brexit, Japan

Aug 1 (Reuters) - An obscure cloud service company has been providing state-sponsored hackers with internet services to spy on and extort their victims, a cybersecurity firm said in a report to be published on Tuesday. Researchers at Texas-based Halcyon said a company called Cloudzy had been leasing server space and reselling it to no fewer than 17 different state-sponsored hacking groups from China, Russia, Iran, North Korea, India, Pakistan and Vietnam. Halcyon estimated that roughly half of Cloudzy’s business was malicious, including renting services to two ransomware groups. The cybersecurity firm CrowdStrike, which wasn’t involved in the research, said that it hadn’t seen state-sponsored hackers using Cloudzy. He said the company needed U.S. domicile to be able to register internet protocol addresses in America.

Persons: Halcyon, Cloudzy, Hannan Nozari, couldn’t, Nozari, ”, Ryan Golden, wasn’t, It’s, – CloudPeak, Sheridan –, Adam Meyers, “, Christopher Bing, Cynthia Osterman Organizations: LinkedIn, Reuters, ”, Nozari, CrowdStrike, Thomson Locations: Texas, China, Russia, Iran, North Korea, India, Pakistan, Vietnam, Tehran, Nozari, Cyprus, U.S ., Wyoming, America, Sheridan

☆ How Russia is evading sanctions to keep $10 billion worth of seized Boeing and Airbus planes flying
▼ + stars: | 2023-07-31 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

Russia seized some 500 leased Boeing and Airbus airliners after invading Ukraine. Western sanctions against Russia have taken a toll on the country's aviation sector — forcing the country to get creative to keep its planes flying. This included closing US, EU, and other allied airspace, preventing planemakers like Boeing and Airbus from sending spare parts to Russia, and stopping countries like Turkey from refueling Russian planes. But, the illegal import schemes are not the only methods keeping Russia's airlines alive. Buying off seized jets using rainy-day moneyAn Aeroflot Boeing 777-300ER parked at the gate at Los Angeles International Airport before the war.

Persons: It's, Vladimir Putin, Denis Kabelev, lessors, Fabrizio Gandolfo, —, Igor Chalik, Russia's NWF Organizations: Boeing, Airbus, Russia, Reuters, Aeroflot, S7 Airlines, Aeroflot Boeing, Los Angeles International Airport, Getty, TASS, Wealth Fund, lessors . Leasing, Airlines, Ural Airlines, Aerotime, country's Ministry of Finance Locations: Russia, Ukraine, EU, Turkey, Iran, China, Russia's, Kremlin, lessors, Russian

LONDON/SYDNEY, July 31 (Reuters) - Commercial real estate investors and lenders are slowly confronting an ugly question - if people never again shop in malls or work in offices the way they did before the pandemic, how safe are the fortunes they piled into bricks and mortar? WALL OF DEBTGlobal banks hold about half of the $6 trillion outstanding commercial real estate debt, Moody's Investors Service said in June, with the largest share maturing in 2023-2026. U.S. banks revealed spiralling losses from property in their first half figures and warned of more to come. Borrowers in the UK real estate holding & development category were 4% more likely to default. But the whale could be commercial real estate in the U.S.".

Persons: Richard Murphy, Jeffrey Sherman, Charles, Henry Monchau, Bank Syz, Jones Lang LaSalle, Savills, JLL, Dhara Ranasinghe, Huw Jones, Clare Jim, Kirsten Donovan Organizations: Employers, UK's Sheffield University, Reuters, Investors, Moody's Investors Service, Fed, Federal, Bank, Suisse, Washington D.C, HSBC, Capital Economics, Thomson Locations: SYDNEY, London, Los Angeles and New York, U.S, New York, Beijing, San Francisco, Tokyo, Washington, Shanghai, North America, Hong Kong

☆ Electric cars aren’t just for the wealthy anymore
▼ + stars: | 2023-07-27 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +7 min

CNN —Thanks to a combination of new models, more production and new tax laws, electric vehicles are no longer just for the wealthy. Currently the “days supply” of electric vehicles – a measure of the number units on dealer lots relative to how quickly they sell – is now twice that of new vehicles overall. The biggest bargain among electric vehicles currently, whether you lease or buy, happens to be one that’s going away soon. A Chevrolet Bolt EV sits parked at a charging station at Stewart Chevrolet on April 25, 2023 in Colma, California. For almost $10,000 less, in terms of sticker price, Hyundai offers the soon-to-be redesigned Kona Electric.

Persons: Kia, Erik Pendzich, it’s, Mark Luxcombe, Wolters, “ There’s, ” Luxcombe, Brian Moody, Moody, ”, Stewart, Justin Sullivan, Kia EV6, Josh Lefkowitz, Tony Quiroga, Bing Guan, Quiroga, Chevrolet Bolt Organizations: CNN, General Motors, Ford, Hyundai, Kia, Volkswagen, GT, New York, Wolters Kluwer, Cox Automotive, Chevrolet Bolt, Stewart Chevrolet, GM, Angeles, Kona, EV, Chevrolet Locations: America, Colma , California, Los Angeles , California

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