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In the capital Ankara, opposition parties are calling for mass deportations, and the government is calling on the Syrian regime it once sought to topple to help resolve the problem. Turkish President Recep Tayyip Erdogan is now publicly seeking a meeting with President Bashar al-Assad, the man he once labeled a terrorist, to reset relations. Before the Syrian civil war, the two leaders vacationed together, but years later, after the Syrian regime brutally crushed a public revolt, Erdogan sought to oust him from office and backed local forces fighting against him. Turkish troops remain in control of a swath of Syrian territory along the Turkish border where Syrian opposition groups are sheltering. Syrian opponents denounce the Turkish President's statements for normalization with the Syrian President Bashar al-Assad's regime in the city of Idlib, Syria on July 12.
Persons: CNN — It’s, Recep Tayyip Erdogan, Bashar al, Assad, vacationed, Erdogan, , ” Erdogan, , Bilal Bagis, “ It’s, ” Assad, Aaref Watad, Ali Yerlikaya, Ebubekir Hussamoglu, He’s, Anas, Mohammad Shbeeb, Abdullah Resul Demir, they’re, Shbeeb, didn’t, Cenk Ozatici, Iyi, Ozatici, Istanbul Mayor Ekrem Imamoglu Organizations: CNN, Turkish, International Refugee Rights Association, Ibrahim Usta, AFP, Getty, Party, European Union, Istanbul Mayor Locations: Turkey, Ankara, Turkish, Damascus, Syria, Afrin, AFP, Anatolian, Kayseri, Syrian, Antalya, Istanbul, Idlib, Gaziantep, Azaz, Ibrahim, Europe
The Athletic explains exactly how the chaos unfolded and why…What happened during the Argentina vs Morocco match? There were wild scenes in the stands, with a number of cups and bottles thrown towards the celebrating Argentina players. (Arnaud Finistre/AFP via Getty Images)A small number of fans wearing Morocco colours ran onto the pitch and were chased by stewards. The official Olympics match blog also stated that the game had ended. Mascherano’s Argentina take on Iraq at the Groupama Stadium in Lyon, while Morocco are back at the Stade Geoffroy-Guichard to face Ukraine.
Persons: Cristian Medina’s, Stade Geoffroy, Guichard, Etienne, Rahimi, Giuliano Simeone, Diego, Medina, Nicolas Otamendi’s, Munir, Bruno Amione, Arnaud Finistre, Tullio M, Glenn Nyberg, Argentina’s Bruno Amione, Javier Mascherano, , , Mascherano, Thiago Almada’s, It’s, Lionel Messi, Insolito, emoji, Enzo Fernandez, , Fernandez, Amelie Oudea, Victoria Villarruel Organizations: Olympic, Stade, Morocco’s, Atletico Madrid, Getty, Olympics, News, FIFA, Olympic Games, Games, Argentina national, Argentina, French Football Federation, Copa America, Colombia, French, Premier League, Chelsea, Ukraine, Allianz Locations: Argentina, Morocco, Saint, Guichard, Medina, AFP, Egypt, Dominican Republic, Puglia, France, Chelsea, Iraq, Lyon, Ukraine, Nice
Nasdaq futures fell after Alphabet and Tesla reported earnings. Tesla auto revenue dropsTesla's second-quarter earnings fell short of expectations as automotive sales declined for the second consecutive quarter. YouTube's ad revenue fell short of estimates amid increased competition from platforms like TikTok. GM skidsGeneral Motors' beat second-quarter earnings estimates but shares fell 6% as it restructures its struggling autonomous vehicles and Chinese business. RBC Capital Markets' Tom Narayan highlighted GM's expectation that second-half earnings will be $2.5 billion lower than in the first half.
Persons: Tesla, Ruth Porat, Morgan Stanley's Adam Jonas, Tom Narayan Organizations: New York Stock Exchange, CNBC, Nasdaq, Dow Jones, Treasury, Tesla, GM, General, RBC Capital Markets, United Parcel Service, UPS, Barclays, CNBC Pro Locations: New York City, U.S, Waymo
CNBC Daily Open: Wall Street looks past political uncertainty
  + stars: | 2024-07-23 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Tech reboundThe S&P 500 posted its biggest gain since June 5, recovering from its worst weekly slide since April, as tech stocks rebounded led by Nvidia. The move allows Warner Bros. to retain some of its NBA broadcasting rights. However, the NBA may not want Warner Bros. as a media rights partner and could reject the company's matching rights, which could lead to a legal tussle.
Persons: Russell, CrowdStrike, George Kurtz, Mark Green, Andrew Garbarino, Berkshire Hathaway, Walter Cho, Joe Biden's, Kamala Harris Organizations: CNBC, Tech, Nvidia, Nasdaq, Dow Jones Industrial, Homeland Security, Microsoft, Delta Air Lines, Buffett, Warren, Bank of America, Apple, Boeing, Korean Air, Farnborough, NBA, Warner Bros, Discovery, National Basketball Association, Amazon Prime, Trump Locations: U.S, Berkshire
If featuring in Instagram posts was an Olympic sport, Hanson’s hunk would win gold. International Olympic CommitteeArtistic and Olympic feats have been bound together since the dawn of the modern games in the late 19th century. Pierre de Coubertin, the founder of the International Olympic Committee, was influenced by the culture of ancient Greece, in which sport was an art. The posters for the Paris games — which are not at Gagosian — have been commissioned from both French and international artists and highlight a move towards emerging and women artists. International Olympic Committee“We had a very nice experience in Paris with Luc Abalo, the French multi-medallist in handball.
Persons: de Castiglione, Duane Hanson’s, , hunk, Andy Warhol, Ray, Andreas Gursky, Takashi Murakami, Duane Hanson's, Thomas Lannes, Gagosian, Notre, Elsa Favreau, , there’s, Degas, Giacometti, Favreau, Andreas Gursky’s, Thomas Lannes One, Warhol’s, Muhammad Ali, Chris Evert, Pelé, ” Favreau, Takeshi Murakami, Kylian, David Hockney, Pablo Picasso, Roy Lichtenstein, Tracey Emin, Hockney, Lichtenstein, Howard Hodgkin, Pierre Soulages, Picasso’s, , Robert Rauschenberg’s, Yasmin Meichtry, Pierre de Coubertin, Meichtry, watercolourists, “ There’s, Rachel Whiteread's, Luc Abalo Organizations: Paris CNN, Olympic Museum, Olympic, Paralympic Games, Olympic Refuge Foundation, Los, Olympic Foundation for Culture and Heritage, International Olympic Committee, Olympics, Paris Locations: Gagosian’s Paris, de, Lausanne, France, Netherlands, de Ponthieu, Gagosian, Munich, Los Angeles, Seoul, London, Greece, Paris, Olympism, Arrondissement, , Mexico,
Japan’s Olympic gymnastics team will head into the Paris Games this week without its captain, Shoko Miyata, after she withdrew from the team following an investigation that found she had violated the squad’s code of conduct by smoking and drinking alcohol. In a news conference last week, officials with the Japan Gymnastics Association, which conducted the investigation, announced Ms. Miyata’s withdrawal from the Olympics, saying that “both parties discussed the matter” and that Ms. Miyata had decided not to compete. The Japan Gymnastics Association’s code of conduct forbids drinking or smoking while in official team programs, regardless of age. The legal age for drinking and smoking in Japan is 20; Ms. Miyata is 19. Ms. Miyata allegedly violated the code of conduct on two occasions; once in a private residence in Tokyo, and again in a classroom of the Athlete’s Village of Japan’s National Training Center, according to gymnastics officials.
Persons: Shoko Miyata, , Miyata Organizations: Paris Games, Japan Gymnastics Association, Japan, National Training Center Locations: Japan, Tokyo, Athlete’s
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wiz walks awayCloud security startup Wiz rejected a $23 billion acquisition offer from Google, opting instead to pursue an IPO. The move allows Warner Bros. to retain some of its NBA broadcasting rights. However, the NBA may not want Warner Bros. as a media rights partner and could reject the company's matching rights, which could lead to a legal tussle.
Persons: Kamala Harris, Russell, CrowdStrike, George Kurtz, Mark Green, Andrew Garbarino, Wiz, Hai Precision Industry —, Hong Organizations: New York Stock Exchange, CNBC, Tech, Nvidia, Nasdaq, Dow Jones Industrial, Homeland Security, Microsoft, Delta Air Lines, Google, NBA, Warner Bros, Discovery, National Basketball Association, Amazon Prime, Taiwan Semiconductor Manufacturing Corp, Hai Precision Industry, CSI, U.S Locations: New York City, U.S, Asia, Pacific, Taiwan
CNBC Daily Open: Biden drops out, endorses Harris
  + stars: | 2024-07-22 | by ( Abid Ali | ) www.cnbc.com   time to read: +4 min
Traders work on the floor of the New York Stock Exchange (NYSE) on June 01, 2023 in New York City. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. Big Tech faces the challenge of rekindling Wall Street's enthusiasm after a $900 billion tech rout.
Persons: Sebastian Raedler, haven't, Stephanie Pope, Max, CNBC's Jim Cramer, Elon Musk, Dan Ives, Lina Khan, Khan, Ives, CrowdStrike, Fred Imbert, , Alex Harring, Jesse Pound, Kevin Williams, Leslie Josephs, Josie Rozzelle, Kevin Breuninger, Dan Mangan, Zev Fima, Spencer Kimball, Lim Hui Jie Organizations: New York Stock Exchange, CNBC, Bank of America, Boeing, Farnborough, Trump, Microsoft, Securities, Big Tech, Google, Apple Locations: New York City, London, New York, New Delhi, Washington
CNBC Daily Open: Biden drops out
  + stars: | 2024-07-22 | by ( Abid Ali | ) www.cnbc.com   time to read: +5 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Starbucks stake Activist investor Elliott Management has taken a substantial stake in Starbucks and is engaging with management to boost the company's share price, according to the Wall Street Journal. Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. Big Tech faces the challenge of rekindling Wall Street's enthusiasm after a $900 billion tech rout.
Persons: haven't, Stephanie Pope, Max, Elliott Management, Laxman Narasimhan, Howard Schultz, CNBC's Jim Cramer, Elon Musk, Dan Ives, Lina Khan, Khan, Ives, CrowdStrike, Fred Imbert, , Alex Harring, Jesse Pound, Kevin Williams, Leslie Josephs, Josie Rozzelle, Kevin Breuninger, Dan Mangan, Zev Fima, Spencer Kimball, Rohan Goswami Organizations: CNBC, Dow, Boeing, Farnborough, Wall Street, Starbucks, Trump, Microsoft, Securities, Big Tech, Google, Apple Locations: London, New York, New Delhi, Washington
CNBC Daily Open: Dow drops, Netflix beats, Nvidia rebounds
  + stars: | 2024-07-19 | by ( Abid Ali | ) www.cnbc.com   time to read: 1 min
In this article AMZNFNVDANFLXUS10YAAPLGOOGL.IXIC.DJI Follow your favorite stocks CREATE FREE ACCOUNTTraders work on the floor of the New York Stock Exchange on April 26, 2023 in New York City. Michael M. Santiago | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayGet the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. SubscribeThe bottom line
Persons: Michael M Organizations: New York Stock Exchange, Santiago, CNBC Locations: New York City
In this article AMZNFNVDANFLXUS10YAAPLGOOGL.IXIC.DJI Follow your favorite stocks CREATE FREE ACCOUNTTraders work on the floor of the New York Stock Exchange during morning trading on Jan. 31, 2024 in New York City. Michael M. Santiago | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayGet the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. SubscribeThe bottom line
Persons: Michael M Organizations: New York Stock Exchange, Santiago, CNBC Locations: New York City
CNN —Shiite Muslims across the globe on Tuesday observed Ashura, an annual commemoration mourning the seventh-century martyrdom of a grandson of the Prophet Mohammed. Ashura, or “the 10th day,” falls on the 10th day of Muharram, the first month in the Islamic calendar. Shiite Muslim devotees self-flagellate during Ashura rituals in New Delhi, India. Haidar Mohammed Ali/Anadolu/Getty ImagesA Shiite Muslim self-flagellates with curved knives on chains during an Ashura procession in Bengaluru, India. Bikas Das/APA "zuljanah," an ornately decorated horse representing Hussein's battle stallion, parades through the streets of Srinagar, Indian-controlled Kashmir.
Persons: Prophet Mohammed, Imam Hussein bin Ali’s, , , Kabir Jhangiani, Saurabh, Imam Hussein, Haidar Mohammed Ali, Idrees Mohammed, Bikas Das, Yawar Nazir, Ameer Al, Ahmad Al, Nasir Kachroo Organizations: CNN, Anadolu, Getty Locations: Karbala, Iran, Iraq, Azerbaijan, Pakistan, India, New Delhi, Ahmedabad, Nasiriyah, Bengaluru, AFP, Kolkata, Srinagar, Indian, Kashmir, Sadr City, Baghdad, Sopore
CNBC Daily Open: Rising geopolitical risk
  + stars: | 2024-07-18 | by ( Abid Ali | ) www.cnbc.com   time to read: 1 min
In this article LLYUAL2330-TW.RUT.DJIMSFTNFLXMETA.IXIC Follow your favorite stocks CREATE FREE ACCOUNTTraders work on the floor of the New York Stock Exchange during afternoon trading on April 09, 2024 in New York City. Michael M. Santiago | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayGet the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. SubscribeThe bottom line
Persons: Michael M Organizations: New York Stock Exchange, Santiago, CNBC Locations: New York City
Read previewChina has pressed pause on arms control and nuclear proliferation talks with the US, blaming the suspension on US arms sales to Taiwan. This story is available exclusively to Business Insider subscribers. "China has chosen to follow Russia's lead in asserting that engagement on arms control can't proceed when there are other challenges in the bilateral relationship. US President Joe Biden and Chinese leader Xi Jinping began talks on nuclear proliferation and arms control in November, ahead of the first formal dialogue between the US and China in five years. Representatives for Biden and Jinping did not immediately respond to requests for comment from Business Insider.
Persons: , Matthew Miller, Joe Biden, Xi Jinping, Ali Wyne, Donald Trump, JD Vance, Biden, Jinping Organizations: Service, Communists, Business, US State Department, Crisis, Pentagon, Biden, Brookings Institution, Trump Locations: China, Taiwan, Beijing
“He was someone who stood up and said ‘no.’ To have that sort of strength was something that inspired me,” says Adnan Khankan ahead of his Olympic judo debut in Paris later this month. Ed Kolenovsky/APConscription into the Syrian Army“I didn’t see it as my war, how could it be when it was Syrian people killing other Syrian people? The Syrian Civil War, which initially broke out in 2011, is now considered the biggest humanitarian crisis since World War II. Michael Kappeler/picture-alliance/dpa/AP“It really motivated me when I found out about the existence of a refugee team,” said Khankan. Adnan Khankan“The refugee team speak different languages, are different ethnicities, come from different cultures, but we are all one team competing together.
Persons: CNN — It’s, Muhammad Ali, Brown, , Ali, Adnan Khankan, Khankan, Bashar al, spiralled, ” Khankan, Ed Kolenovsky, Bashar Al, Assad, Diaa Al, , ” Adnan Khankan, Kirill Kudryavtsev, Mardini, Yusra Mardini, Michael Kappeler, Marius Vizer, Adnan, “ Adnan, Vizer, Adnan Khankan “, I’ve Organizations: CNN, International Olympic Committee, Syrian Army, CNN Sport, Al, Free Syrian Army, Reuters, taekwondo, Getty, Rio Olympics, IOC, Rio, Tokyo, Japan, Judo, International Judo Federation, UNHCR, , Olympic Locations: Vietnam, America, Paris, Cologne, Germany, Damascus, Syria, Houston, Arbeen, Ghouta, Tashkent, AFP, Turkey, Bulgaria, Serbia, Bosnia, Croatia, Hungarian, Cairo, Tokyo, Europe, Ukraine, Gaza, Sudan, East, Africa, Iran, Afghanistan, Cuba
watch nowThere are a lot of synergies between the bitcoin mining and AI infrastructure businesses. watch nowBeefing up the gridFor years, Crusoe's work has been virtually synonymous with the bitcoin mining industry. But Crusoe's Lochmiller told CNBC that AI infrastructure has actually been part of the vision since the company's founding six years ago. Back in 2018, Fenn says that the only load that was a good fit for this was bitcoin mining. "That has all changed now, with AI data centers optimized for massive scale energy availability, cost, and greenness.
Persons: Nolan, Robert Daemmrich, Ali Fenn, Chase Lochmiller, Crusoe's, JPMorgan Chase, Asher Genoot, Riley, CoreWeave, Crusoe's Lochmiller, Lancium's Fenn, Lancium, Fenn Organizations: Corbis, American, Energy Systems, CNBC, Mining, JPMorgan, Nvidia, CoreWeave, Core, ExxonMobil, Crusoe Industries, Miners Locations: Buffalo, Taylor, Abilene , Texas, West Texas, Abilene, Houston, Denver, U.S, Iceland, Miami, North Dakota, Texas
CNN —Angel City FC (ACFC) will become the most valuable women’s professional sports team in the world, the club announced Wednesday. Angel City FC plays in the National Women’s Soccer League (NWSL) – the top division of women’s soccer in the US. “ACFC and these incredible athletes have already had a tremendous impact on the NWSL, women’s soccer, and the Los Angeles community. “With this investment of resources and capital, we hope to accelerate the growth of the Club and the NWSL. There are 56 NWSL players on Olympic rosters – including Angel City FC defender and New Zealand captain Ali Riley.
Persons: Bob Iger, ACFC, Bay, “ ACFC, Angel City, , Jessica Berman, ” Berman, Willow, Bob, , Ali Riley Organizations: CNN, Angel City FC, USC Annenberg School for Communication, Journalism, Walt Disney Company, National Women’s Soccer League, Club, NWSL, of Governors, New Zealand Locations: Willow, Los Angeles, Willow Bay, Paris
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Dow record highThe Dow Jones Industrial Average closed at an all-time high after former President Donald Trump survived an assassination attempt. Trump lauded at RNCFormer President Donald Trump was cheered and celebrated at the Republican National Convention in Milwaukee, his first appearance since an assassination attempt at a Pennsylvania rally. [PRO] 'Super 8'UBS has updated its "Super 8" list of top Asian tech stocks, seen as alternatives to the US "Magnificent Seven."
Persons: Donald Trump, Russell, Jerome Powell, Trump, JD Vance, Ohio, Elon Musk, Powell, you've, Larry Fink, Fink, bitcoin, CNBC's, Donald Trump's Organizations: CNBC, Dow, Dow Jones, Nasdaq, Treasury, Federal, RNC, Republican National Convention, Sporting, Trump, BlackRock, CSI, Nikkei, UBS Locations: U.S, Milwaukee, Pennsylvania, Asia, Pacific, China, Hong
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Record highThe Dow Jones Industrial Average closed at an all-time high after former President Donald Trump survived an assassination attempt. Trump's VP pickDonald Trump has chosen Senator JD Vance of Ohio as his vice presidential running mate for the 2024 election. Fed may not waitPowell said the central bank will not wait until inflation reaches its 2% target to cut interest rates. Fink believes bitcoin can offer uncorrelated returns and act as a hedge against currency debasement caused by excessive deficits.
Persons: Donald Trump, Russell, Jerome Powell, Trump's, JD Vance, Ohio, Trump, Vance, Biden, Powell, you've, Larry Fink, Fink, bitcoin, CNBC's, Goldman, Goldman Sachs, Denis Coleman, Colin Langan Organizations: CNBC, Dow Jones, Nasdaq, Treasury, Federal, Truth, Trump, Republican, BlackRock, Goldman, JPMorgan, Citigroup, Wall Locations: U.S, Wells
Mr. Holt’s coverage ran on MSNBC immediately after the shooting on Saturday and he was scheduled to interview Mr. Biden on Monday. The person said staff members were surprised on Monday when MSNBC ran programming from its digital news service, NBC News Now, instead of the main NBC News show, “Today,” which was not pre-empted. A spokesman for MSNBC denied that NBC had made the programming change because of political considerations. In a statement, the network said: “Given the gravity and complexity of this unfolding story, NBC News, NBC News NOW and MSNBC have remained in rolling breaking news coverage since Saturday evening. MSNBC made other programming changes after the shooting on Saturday.
Persons: Lester Holt, Savannah Guthrie, Kristen Welker, Mr, Biden, , Joe ”, Ali Velshi Organizations: NBC, MSNBC, NBC News, NBCUniversal News, Republican Locations: Savannah, Milwaukee
A 34-year-old man has been arrested and charged with two counts of murder after human remains were discovered in suitcases left at Clifton Suspension Bridge in Bristol, England, last week, the Metropolitan Police in London said on Monday. The man, Yostin Andres Mosquera, was arrested early on Saturday in Bristol, the police said. The charges come after a grisly discovery early Thursday, when the police in Avon and Somerset responded to calls of a man with a suitcase acting strangely near the Clifton Suspension Bridge, a stone structure crossing the River Avon in a leafy area near Bristol. By the time the police arrived, the man had disappeared, but the suitcase remained. They each contained human remains, the police said.
Persons: Yostin Andres Mosquera Organizations: Metropolitan Police Locations: Clifton, Bristol, England, London, Avon, Somerset
CNBC Daily Open: Trump assassination attempt
  + stars: | 2024-07-15 | by ( Abid Ali | ) www.cnbc.com   time to read: +4 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Trump assassination attemptThe attempted assassination of former President Donald Trump at a rally in Pennsylvania on Saturday left one attendee and the gunman dead, and two more attendees in critical condition. Trump was grazed by a bullet and treated at a local hospital, but released late Saturday night. Dimon inflation warningJPMorgan Chase CEO Jamie Dimon has warned that inflation and interest rates may remain high despite recent easing in price pressures.
Persons: Trump, Donald Trump, Thomas Matthew Crooks, Larry Hu, CNBC's Evelyn Cheng, Russell, CNBC's Michael Santoli, Wiz, Jamie Dimon, Dimon Organizations: CNBC, FBI, NBC, Macquarie, Communist Party of, Dow, Dow Jones, Depot, Caterpillar, Big Tech, Nasdaq, Wiz, Wall Street Journal, Sequoia Capital, Insight Partners, U.S Locations: Pennsylvania, Bethel Park, Pa, China's, Beijing, China, Communist Party of China, Israeli
CNBC Daily Open: Biden urges unity
  + stars: | 2024-07-15 | by ( Abid Ali | ) www.cnbc.com   time to read: +4 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Trump assassination attemptPresident Joe Biden addressed the nation from the White House, where he condemned all political violence and called for unity. [PRO] Gearing up for electionsWith the U.S. presidential election approaching and stock markets at all-time highs, professional investors are emphasizing portfolio diversification to mitigate risks. Despite a brief downturn due to a rotation out of mega-cap growth stocks, the markets rebounded, setting new records.
Persons: Trump, Joe Biden, Biden, Donald Trump, Thomas Matthew Crooks, CNBC's Evelyn Cheng, Russell, CNBC's Michael Santoli, Wiz, David Roche, Hong, Australia's, Korea's Kospi Organizations: CNBC, White, FBI, NBC, Dow, Dow Jones, Depot, Caterpillar, Big Tech, Nasdaq, Wiz, Wall Street Journal, Sequoia Capital, Insight Partners, Quantum, Trump, Republican, Senate, CSI, U.S Locations: Pennsylvania, Bethel Park , Pennsylvania, China, Israeli, Hong Kong Asia, Pacific
Villagers watch the sunset over a small lagoon near the village of Tangintebu on South Tarawa in the central Pacific island nation of Kiribati May 25, 2013. CHINESE INTEREST AS WESTERN BANKS EXIT"The proposed World Bank project is a creative way of addressing the challenge of de-risking and small scale in Pacific Island countries," said Lalita Moorty, the World Bank's East Asia and Pacific director for prosperity. Without access to overseas banks, Pacific countries would struggle to receive remittances - a key component of their economies - welcome holidaymakers or trade with the wider world. "It can create instability for the financial system," said Denton Rarawa, senior economics adviser at the Pacific Islands Forum. "What we're saying is that if you're not going to address concerns and issues we have, Pacific countries will start looking elsewhere for support."
Persons: David Gray, Solomon, Lalita Moorty, Denton Rarawa, Mark Brown, Janet Yellen, Ariff Ali, Lewis Jackson, Lucy Craymer, Ziyi Tang, William Mallard Organizations: REUTERS, Villagers, WELLINGTON, Bank, U.S, Pacific Islands, World Bank, Pacific, ANZ Bank, Westpac, Bendigo Bank, Bank of China, Reuters, Cook, U.S . Treasury, Federal Reserve, Reserve Bank of Fiji, Thomson Locations: Tangintebu, South, Pacific, Kiribati, SYDNEY, Australia, China, Washington, Nauru, Solomon Islands, Taiwan, Beijing, U.S, East Asia, Papua New Guinea, Vanuatu, Tonga, Samoa, Brisbane, Pacific Islands, Sydney, Wellington
CNN —Iran’s President-elect Masoud Pezeshkian said he looks forward to improving ties with Europe, despite accusing the continent of backtracking on commitments to alleviate the impact of US sanctions. “Despite these missteps, I look forward to engaging in constructive dialogue with European countries to set our relations on the right path, based on principles of mutual respect and equal footing,” Pezeshkian wrote in the English-language Tehran Times newspaper. European countries made 11 commitments to Iran to “try to salvage the agreement and mitigate the impact of the United States’ unlawful and unilateral sanctions on our economy,” Pezeshikian said. Iran’s Supreme Leader, Ayatollah Seyyed Ali Khamenei, has the final say on all matters of state. Pezeshkian will ultimately defer to Khamenei, who has condemned those seeking improved relations with the West, on matters of foreign policy.
Persons: CNN —, Masoud Pezeshkian, ” Pezeshkian, Pezeshkian, Donald Trump, , ” Pezeshikian, , Saeed Jalili, Seyyed Ali Khamenei, Khamenei Organizations: CNN, CNN — Iran’s, Tehran Times, United, Iran’s Locations: Europe, EU, France, Germany, Iran, United States, Washington, Pezeshkian
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