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☆ Dubai’s millionaires are fueling a private jet boom
▼ + stars: | 2024-09-26 | by ( Lucy Cormack | ) edition.cnn.com time to read: +9 min

Dubai, UAE CNN —It’s 3am at the VIP airport terminal of Dubai’s Mohammed Bin Rashid Aerospace Hub and an ultra-long range aircraft is readying for take-off. The luxury, 14-seat private jet is headed for Europe, just as soon as its main passenger and his entourage arrive. It’s an elite club that enjoys private jet travel, which can cost anywhere from $50,000 to $200,000-plus for a single leg. Mouallem said the private aviation industry was accustomed to “different kinds of shifts across the world with banning private aviation,” insisting that the focus should be not on banning flights but ensuring greater adoption of sustainable aviation fuel (SAF). So that’s really an operator decision and a supplier decision,” Avetkiyan said, adding that her customers shouldn’t feel guilty about the environmental impact of private aviation.

Persons: UAE CNN —, Mohammed Bin Rashid, it’s, ”, Lilit Avetikyan, Lilit, Voyex, Vanessa Budah, “, Knight Frank, they’ve, Faisal Durrani, Knight Frank Middle, Durrani, Youssef Mouallem, “ You’ve, ” Mouallem, they’re, you’re, ” Youssef Mouallem, Vistajet Mouallem, Mouallem, Avetkiyan, that’s, ” Avetkiyan, “ I’m Organizations: CNN, UAE CNN, Hub, McDonald’s, KFC, United Arab Emirates, Communications, Henley, Partners, US, Knight, Resorts, Resorts Tech, Resorts Dubai, Creative, International, Sharjah —, Gama Aviation, Sharjah International, European Federation for Transport, Sustainable, Emirates, Airbus, SAF, International Air Transport Association, Emirates SAF Locations: Dubai, UAE, Europe, Voyex, India, East, Russia, Africa, Gulf, Saudi Arabia, Sharjah, Netherlands

☆ Helene checklist: How to prepare for the hurricane
▼ + stars: | 2024-09-26 | by ( Brenda Goodman | ) edition.cnn.com time to read: +2 min

Hurricane Helene is expected to make landfall Thursday night along the Florida Gulf Coast near Tallahassee and then veer north, maintaining hurricane- and tropical storm-force winds and torrential rainfall into North Georgia and up to Tennessee. Up to 18 inches of rain is expected into the Carolinas, the National Weather Service said Thursday. About 40 million Americans are living under direct hurricane or tropical storm warnings across five states, according to CNN Supervising Meteorologist Brandon Miller. But by 2 or 3 a.m., those winds are going to be 50 to 60 miles per hour, potentially, and so you need to prepare for that before you go to sleep,” Miller said. “That’s something people can do: Pick a room in their house that is the most protected from falling debris, and sleep there tonight,” Miller said.

Persons: Helene, Brandon Miller, ” Miller, Miller, It’s Organizations: CNN, Carolinas, National Weather Service Locations: Florida Gulf, Tallahassee, North Georgia, Tennessee

☆ ‘The Gulf is rising up to swallow the island’: Resident explains why he’s staying
▼ + stars: | 2024-09-26 | by ( ) edition.cnn.com time to read: 1 min

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☆ Port workers from Maine to Texas are set to strike Tuesday. Expect shortages and higher prices
▼ + stars: | 2024-09-26 | by ( Chris Isidore | Vanessa Yurkevich | ) edition.cnn.com time to read: +10 min

It represents the major shipping lines, all of which are foreign-owned, as well as terminal operators and port authorities. Depending on duration, a strike could mean shortages of consumer and industrial goods, possibly driving up prices again. That labor peace has helped them capture market share from West Coast ports that have historically had more contentious labor relations. But he said the shipping lines appear unwilling to pay what it takes this time. The shipping lines realize the problem with having Biden order the union back to work, said Tirschwell.

Persons: Luke Sharrett, Patrick Anderson, ”, USMX, Harold Daggett, John McCown, containerization, Brendan Smialowski, Peter Tirschwell, “, Republican Donald Trump, ” Tirschwell, hasn’t, Jonathan Gold, ” Gold, Biden, Joe Biden, Taft, Hartley, George W, Bush, Bradley Saunders, Daggett, ’ ” Organizations: New, New York CNN, US Maritime Association, International Longshoremen’s Association, BMW, Port, Bloomberg, Getty, ILA, Anderson Economic Group, “, P Global Market Intelligence, Federal Maritime Administration, Republican, National Retail Federation, North, Capital Economics, United Auto Workers Locations: New York, Maine, Texas, East Coast, Gulf, Gulf Coast, of New York, New Jersey, Port Wilmington, Delaware, Port, Baltimore, Port of Charleston, South Carolina, Charleston , South Carolina, West Coast, Michigan, Port of Baltimore, Baltimore , Maryland, AFP, East, North American

☆ America's rivals are piling on the pressure all at once
▼ + stars: | 2024-09-26 | by ( Jake Epstein | ) www.businessinsider.com time to read: +9 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. These incidents over the past few weeks highlight how US rivals and foes are increasingly challenging the American-led global order as threats multiply worldwide. Russia, Iran, China, and North Korea have deepened their security ties as they simultaneously present Washington and its allies with new dilemmas that strain the US military. North Korea has remained firmly committed to maintaining its nuclear status and strengthening its arsenal despite intense international pressure. Much to the frustration of the US and its Western allies, North Korea has provided artillery and missiles.

Persons: —, Michael O'Hanlon, Vladimir Putin, Xi Jinping, SERGEI GUNEYEV, Putin, John Kirby, Pierre Crom, Israel, Kim Jong Un, David Lammy, AP Robert Gates, George W, Bush, Barack Obama Organizations: Service, Business, Brookings Institution, Getty, Russian Defense Ministry Press Service, Ukraine, White, National Security Council, North, renegades, North Korea —, Washington, Korean Central News Agency, Korea News Service, AP, Washington Post Locations: Russia, Iran, China, North Korea, Washington, Hawaii, Japan, Philippines, South China, Pacific, United States, America, Moscow, Russian, Kyiv, Tehran, Gulf of Aden, Gaza, Israel, Red, Korea, Ukraine, NATO, Europe

☆ In pictures: Hurricane Helene closes in on Gulf Coast
▼ + stars: | 2024-09-26 | by ( Austin Steele | ) edition.cnn.com time to read: 1 min

Hurricane Helene’s massive wind field was wide enough to stretch from Indianapolis to Washington, DC, and its huge size will result in higher storm surge and dangerous winds that stretch well inland. The storm is already lashing Florida as it continues to intensify and track north toward the Florida’s Big Bend. The hurricane unleashed its fury on parts of Mexico’s Yucátan Peninsula and Cuba Wednesday. Flooding rainfall plunged cars underwater in parts of Mexico’s state of Quintana Roo while powerful ocean waves pounded the coastline. Helene’s strong winds also knocked out power to more than 50,000 people in western Cuba’s province of Pinar del Río.

Persons: Quintana Roo Locations: Indianapolis, Washington, Florida, Bend, Mexico’s Yucátan, Cuba, Mexico’s, Quintana, Cuba’s, Pinar del Río

Helene was forecast Wednesday evening to become a dangerous Category 4 hurricane before it makes landfall in Florida's Big Bend area Thursday night. This is the biggest storm in the history of the city of Tallahassee to hit us head-on,” Mayor John Dailey told NBC News on Wednesday evening. “If the city of Tallahassee is hit directly by a Category 3 hurricane, it’ll be the strongest hurricane in recorded history ever to hit our community. Tallahassee State College professor Pamela Andrews helps prepare for possible flooding as Hurricane Helene heads toward the Florida Gulf Coast in Tallahassee on Wednesday. Three major colleges, Florida State University, Florida A&M University and Tallahassee State College, have canceled classes for the rest of the week.

Persons: Helene, John Dailey, “, Leslie Powell, “ I’m, ”, Powell, “ I’ve, ” Dailey, Dailey, Pamela Andrews, Sean Rayford, Leroy Peck, Peck, Daniella Silva, Major Thornton III, “ You’ve, ” Major Thornton III, Ahmiyah Phillips, Hurricane Michael, Latoya Williams, can’t, I’ve Organizations: ”, NBC News, National Hurricane Center, Tallahassee State, Florida Gulf, NBC, ., . Tallahassee International, Florida State University, Florida, M University, Tallahassee State College Locations: TALLAHASSEE, Fla, —, Florida’s, Tallahassee, Florida's Big Bend, Florida, Quincy, Gadsden County, Mexico, United States, . Tallahassee

A new Senate report details what went wrong before the assassination attempt against Donald Trump in July. More adults than thought may have an iron deficiency. → After a sniper with local law enforcement texted a Secret Service leader about the man who would soon fire shots at Trump, it took seven minutes for the Secret Service leader to send an email relaying the information and photos. It’s unclear how long it then took other members of the Secret Service to read the email. More coverage of Donald Trump:The Senate unanimously passed legislation to boost Secret Service protection for presidential candidates.

Persons: Donald Trump, Trump, Abbott, Costello, Who’s, ”, Democratic Sen, Richard Blumenthal, ” Blumenthal, Ryan Routh, Helene, Ron DeSantis, “, Leo Buckley, Kamala Harris, Sen, JD Vance, Harris, Chuck Todd, Elise Stefanik, ” Israel, Brett Favre’s, Emmanuel Littlejohn, Kenneth Meers, he’s, Sean “ Diddy ” Combs, Eunice Yoon, — Jennifer Jett, Elizabeth Robinson Organizations: Senate Homeland Security Committee, Investigations, Secret Service, Democratic, Service, Trump, Top U.S, Florida Gov, NBC, Republican, GOP, NBC News, The Justice Department, Visa, of Fame, U.S . Forest Service, CNBC, White Locations: U.S, Butler , Pennsylvania, Trump’s Florida, Iran, Florida, Mexico, Bend, Pittsburgh, Haitian, Springfield , Ohio, Lebanon, Tel Aviv, Oklahoma, drugging, Shenzhen, China, Asia

☆ Hezbollah may have enough missiles to breach Israel's Iron Dome. But doing so could trigger its destruction.
▼ + stars: | 2024-09-25 | by ( Tom Porter | ) www.businessinsider.com time to read: +7 min

That may be enough to overwhelm Israel's Iron Dome air defense system and inflict huge damage on the country's cities and infrastructure, experts say. Two unnamed US officials told the publication that Israel believes the Iron Dome could be vulnerable, particularly in the north. The Iron Dome is one of the most advanced defense systems in operation today. Each battery consists of three to four launchers carrying dozens of Tamir interceptor missiles and a sensitive radar, US military Iron Dome contractor Raytheon Technologies said. AdvertisementIsrael's Iron Dome repelled a barrage of rockets from Hezbollah.

Persons: —, William Wechsler, JALAA, Wechsler, Israel, Tamir, It's, " Wechsler Organizations: Service, Hezbollah, Business, Center for Strategic, International Studies, Israel's, Middle, The Atlantic Council, Israel Defense Forces, CNN, IDF, Iron Dome, Raytheon Technologies Locations: Israel, Lebanon, Iran, Gaza, Israel's, Beirut, Tehran, Anadolu, United States, Tel Aviv

☆ US troops deployed to Cyprus as fears of wider Middle East war intensify
▼ + stars: | 2024-09-25 | by ( Natasha Bertrand | Alex Marquardt | ) edition.cnn.com time to read: +3 min

The UK announced on Tuesday that it was sending 700 troops to Cyprus to prepare for a possible emergency evacuation of British citizens from Lebanon if one becomes necessary. The US State Department has also repeatedly warned US citizens to leave Lebanon while commercial travel options are still available. Secretary of State Antony Blinken said Wednesday that the US is “working tirelessly” on diplomatic efforts to prevent an “full-blown war” between Israel and Lebanon. A US official told CNN on Monday that “we are the closest we’ve been to spiraling to a regional war” since Hamas’ October 7 attack. Tehran has not intervened yet, but they will if they believe they are about to lose their most powerful proxy force, Hezbollah, the official added.

Persons: Pat Ryder, Yiannis Antoniou, ”, Keir Starmer, Israel, Antony Blinken, ” Blinken Organizations: CNN, Hezbollah, Pentagon, Reuters, British, US State Department, Ramat David, Wednesday, Israel Defense Forces, Gulf Cooperation Council, UN, Assembly Locations: Cyprus, Israel, Lebanon, Beirut, Ramat, Haifa, Tel Aviv, Gulf, New York, Iran, Tehran

☆ Tropical Storm Helene: Thousands forced to evacuate in Florida as hurricane warnings issued
▼ + stars: | 2024-09-25 | by ( Taylor Ward | Dalia Faheid | ) edition.cnn.com time to read: +12 min

CNN —Thousands of Florida residents have been forced to evacuate as the state prepares for rapidly strengthening Tropical Storm Helene, which could bring powerful winds, flooding and life-threatening storm surge to areas already hard-hit by recent hurricanes. The Big Bend area faces the most serious storm surge: up to 15 feet of it is possible. Over in Sanibel, one couple who met during Hurricane Ian in 2022 and nearly lost everything are now going to weather Tropical Storm Helene together, CNN affiliate WINK reported. Large clouds move over Havana due to the proximity of the tropical storm Helene, on September 24. Officials in neighboring Pinellas County warned hundreds of homes would likely flood with a higher storm surge than in past destructive storms.

Persons: Helene, Debby, Idalia, Ian Just, ” Howard Rabe, “ We’ve, we’ve, ”, Rabe, Ian, Michele Vikartofsky, Larry Leventhal, ” Vikartofsky, “, it’s, “ Ian, Vikartofsky, WINK, Hurricane Debby, Ron Booher, Hurricane Michael, ” Lynn Marshall, Yamil Lage, Ron DeSantis, DeSantis, Cathie Perkins, Kenneth Welch, ” Welch, Brian Kemp, ” Kemp, James Stallings, Herman, Connell Crooms, Corey Perrine, it’ll, It’s Organizations: CNN, Hurricane, National Hurricane Center, Tampa General Hospital, WFTS, WINK, WFTV, WJHG, Getty Images, Gov, Florida National Guard, Florida State Guard, –, Georgia Gov, Georgia Emergency Management, Homeland Security, Woerner, Florida Times, USA, Florida, National Weather Service, Carolinas, Weather, Florida Panhandle Locations: Florida, Bend, United States, Gulf of Mexico, Tampa, Florida’s Gulf, Anclote, Mexico Beach, Cabo Catoche, Citrus, Hillsborough, Charlotte, Gulf , Manatee, Pinellas, Taylor County, Tallahassee, Franklin, Wakulla, Port Richey, Sanibel, Manatee County, Gulf County, Havana, AFP, Getty Images Florida, Georgia, Pinellas County, Idalia, St . Petersburg , Florida, Hillsborough , Pinellas, Sarasota, Jacksonville , Florida, Tampa Bay, Florida , Georgia, Alabama, Tennessee, Carolinas, Virginia, Gulf, Helene

☆ UAE eyes ‘different architecture’ for a Middle East embroiled in conflict as it strengthens ties with the US
▼ + stars: | 2024-09-25 | by ( Mostafa Salem | ) edition.cnn.com time to read: +5 min

The UAE president’s visit to the US “was mostly and almost exclusively about the future,” Gargash said. One of the US’ closest allies in the Middle East and a major recipient of US arms, it hosts 5,000 US military personnel. Wary of being deprived of US technology, the UAE has since abandoned closer cooperation with China in the field of AI and semiconductors in favor of the US. Earlier this year, Abu Dhabi’s state-backed technology firm G42 announced it had agreed not to engage with Chinese companies for advanced technology. He said the two pillars of the UAE’s policy are stability and prosperity.

Persons: Biden, Kamala Harris, Jake Sullivan, Sheikh Mohammed bin Zayed, –, ” Biden, ” Sheikh Mohammed, ” Anwar Gargash, CNN’s Becky Anderson, ” Gargash, Abu, Donald Trump, Abu Dhabi’s, ”, Sheikh Mohamed, Gargash, Abu Dhabi Organizations: Abu Dhabi CNN, United, White, National, USA, UAE, Abu Dhabi, US Air Force, CNN, Biden, Huawei Technologies, Financial Times, NVIDIA, Blackrock, Microsoft, MGX Locations: Abu Dhabi, United Arab Emirates, Gaza, Lebanon, UAE, trailblazers, United States, Israel, China, Washington, Abu

☆ Oil prices steady as China stimulus hopes fade, U.S. crude stockpiles fall
▼ + stars: | 2024-09-25 | by ( ) www.cnbc.com time to read: +2 min

General view of the Towers and oil platforms of the State oil Company of Venezuela, Venezuelan oil Company SA. Oil prices steadied on Wednesday after rising in the previous session on fading excitement for the economic stimulus in China, the world's biggest crude importer, though an industry report showing falling U.S. crude and fuel inventories supported the market. Analysts, however, warned that more fiscal help was needed to boost confidence in the world's second-largest economy, which reduced the initial impact on oil prices from the announcement. Still, declining U.S. crude oil and fuel stockpiles provided some support for the market, which has generally risen since prices fell to their lowest since 2021 on Sept. 10. U.S. oil stockpiles dropped by 4.34 million barrels last week while gasoline inventories fell by 3.44 million barrels and distillate stocks fell by 1.12 million barrels, according to market sources citing American Petroleum Institute figures on Tuesday.

Persons: Ibrahim Qubaisi, Israel, Qubaisi Organizations: State, Company, Venezuelan, Company SA, Brent, . West Texas, China, American Petroleum Institute, Hezbollah, Wednesday, Israel, Gulf Locations: Venezuela, China, U.S, East, Iran, Lebanon, Israel, Florida, Texas , Louisiana, Mississippi

☆ Step inside a luxury Panama City resort attracting business travelers with its exclusive, Jack Nicklaus-designed golf course and high-end dining
▼ + stars: | 2024-09-25 | by ( Monica Humphries | ) www.businessinsider.com time to read: +1 min

Panama City's wealthy Santa Maria neighborhood is home to the city's only five-star resort. The Santa Maria Hotel is known for its Jack Nicklaus-designed golf course and high-end dining. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I was in Santa Maria, one of Panama City's most expensive neighborhoods. To celebrate my final night in Panama, I spent a night at the five-star Santa Maria Hotel and Golf Resort.

Persons: Jack Nicklaus, — Organizations: Service Locations: Panama, Santa Maria, Santa, Panama's Gulf, Chiriqui

☆ Map: Track Tropical Storm Helene’s path, forecast and hurricane status
▼ + stars: | 2024-09-24 | by ( Tim Stelloh | Tim Stelloh Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +1 min

Hurricane warnings were issued Tuesday for a wide stretch of Florida’s Gulf Coast ahead of Tropical Storm Helene’s anticipated landfall as a major hurricane later this week, forecasters said. Officials in Mexico also issued hurricane warnings for a large section of the Yucatan Peninsula, stretching from the tourist hotspot of Tulum to Cabo Catoche, on the peninsula’s northern tip, the National Hurricane Center said in an afternoon advisory. The storm is expected to strengthen into a hurricane on Wednesday as it moves across the eastern Gulf of Mexico before becoming a major storm Thursday, according to the advisory. Helene's storm surge is expected to raise water levels in Tampa Bay by as much as 8 feet. Helene's large size will likely mean the storm's hazards will hit an extensive area, the advisory says.

Persons: Helene’s Organizations: Officials, National Hurricane Center Locations: Gulf Coast, Mexico, Yucatan, Cabo Catoche, Florida, Mexico Beach, Pensacola, Tampa, Tampa Bay, United States

A hurricane watch and warnings of storm surges up to 15 feet high were issued Tuesday for almost all of Florida's western coastline as a potential tropical storm moves across the Caribbean Sea and towards the Gulf Coast. The hurricane watch extends from Indian Pass in north-west Florida near Panama City, down to Englewood, and includes Tampa Bay. Hurricane and tropical storm watches are now in effect for the entire western coast of the Sunshine State. A hurricane watch means that hurricane conditions are possible, and is typically issued 48 hours before the anticipated onslaught of tropical-storm-force winds and conditions. Outside of the U.S., a hurricane watch is also in effect for parts of eastern Mexico from Cabo Catoche to Tulum and Pinar del Río in Cuba.

Persons: Helene, Ron DeSantis, DeSantis, Floridians, Beryl, Debby, Francine Organizations: Grand Cayman, National Hurricane Center, NHC, Sunshine State, Lower, Florida Gov, Federal Emergency Management Agency, National Guard, Florida State Guard, Atmospheric Administration, Climate Central, Northern, Florida Climate Center Locations: Gulf Coast, Florida, Panama City, Englewood, Tampa, Grand, Mexico, Flamingo, Walton, Bay, Bonita Beach, Lower Florida Keys, U.S, Cabo Catoche, Tulum, Pinar del Río, Cuba, Cayman Islands, Tallahassee, Gulfport, Henrico County, Bend, Caribbean, Northern Caribbean, Eastern Gulf of Mexico, Texas, Florida’s Big Bend, South Carolina, Louisiana

☆ Florida braces for potential heavy-hitting hurricane threatening damaging winds and storm surge
▼ + stars: | 2024-09-24 | by ( Susannah Cullinane | ) edition.cnn.com time to read: +5 min

With little time to prepare, Tampa General Hospital began erecting a 10-foot-high flood barrier around the facility Monday because of the chance for storm surge and shifts in the storm’s track. A tropical storm watch was raised Monday afternoon for Florida’s Dry Tortugas and part of the Keys and Monday evening for Bonita Beach to Flamingo, where a storm surge watch is also in effect. Strong, potentially damaging winds and storm surge are likely near where the system ultimately comes ashore. Hurricane and tropical storm watches are already in effect for parts of Mexico and Cuba. The “storm surge, wind, and rainfall impacts will extend well away from the center, particularly to the east of the system.

Persons: Helene, Ron DeSantis, –, Idalia, Mary Gilbert Organizations: CNN, United States ’, National Hurricane Center, Nine . Florida Gov, Tampa General Hospital, NHC, National Hurricane, Carolinas, Weather, Tennessee Locations: Florida, United, Caribbean, Tampa, Bend, Gulf, Mexico, Bonita Beach, Flamingo, Florida’s Big Bend, Louisiana, Central America, Cuba, Jamaica, United States, Florida , Georgia, Alabama, Georgia, Southern

☆ Oil prices rise on concerns of wider Middle East conflict, U.S. storm
▼ + stars: | 2024-09-24 | by ( ) www.cnbc.com time to read: +2 min

Oil prices rose on Tuesday on concerns the intensifying conflict between Israel and Hezbollah may impact supply in the key Middle East producing region and a tropical storm may impact output in the U.S., the world's biggest crude producer, later this week. Oil prices rose on Tuesday on concerns the intensifying conflict between Israel and Hezbollah may impact supply in the key Middle East producing region and a tropical storm may impact output in the U.S., the world's biggest crude producer, later this week. Brent crude futures for November were up 21 cents, or 0.3%, at $74.11 a barrel at 0030 GMT. "The oil market has been concerned that rising tensions in the region were dragging the OPEC oil producer closer to engagement," said ANZ bank said in a note, referring to Iran. U.S. oil producers were evacuating staff from Gulf of Mexico oil production platforms as forecasters predicted the second major hurricane in two weeks could tear through offshore oil producing fields.

Organizations: Brent, Hezbollah, ANZ, U.S, National Hurricane Center Locations: Israel, U.S, Lebanon, Iranian, Hamas, Gaza, Iran, Gulf Coast, Gulf, Mexico, Cuba

☆ US Navy replenishment ship sustains damage while operating in Middle East, official says
▼ + stars: | 2024-09-24 | by ( Oren Liebermann | ) edition.cnn.com time to read: +1 min

CNN —A US Navy replenishment ship sustained damage while operating in the Middle East in an incident that remains under investigation, according to a Navy official. The USNS Big Horn was damaged after the ship refueled and replenished Navy vessels operating in the region, including the USS Abraham Lincoln aircraft carrier and several guided-missile destroyers. The Navy official would not say where the incident occurred or what type of damage the replenishment oiler sustained. The USS Abraham Lincoln carrier strike group has been operating in and around the Gulf of Oman in an effort to send a message of deterrence to Iran. All crew members on board the ship are safe, and US 5th Fleet, which controls Navy operations in the Middle East, is assessing the situation, the official added.

Persons: Big Horn, Abraham Lincoln, ” Organizations: CNN, Navy, Big, Fleet Locations: Gulf of Oman, Iran

☆ Get ready for a dockworker strike that could disrupt everything from medicine to holiday gifts
▼ + stars: | 2024-09-24 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +7 min

Read previewA major maritime workers strike is looming, and it could mean a shutdown of key goods — from cars to food — across the East and Gulf Coasts. AdvertisementA strike would have widespread implications across the US, with significant shipment delays that could set off a chain reaction of disruptions. Advertisement"We are coordinating with partners across the supply chain to prepare for any potential impacts," Steve Burns, a PANYNJ spokesperson, told BI. She referred to estimates from Sea-Intelligence, which predicted that a strike would prevent 74,000 shipping containers from being unloaded each day. "Throughout the pandemic, Longshore workers never took a day off," ILA Executive Vice President Dennis Daggett said on September 20.

Persons: —, Harold Daggett, Abe Eshkenazi, USMX, Mia Ginter, Robinson, Ginter, Bethann Rooney, Jonathan Gold, Mitre, Steve Burns, Grace Zwemmer, Biden, Dennis Daggett Organizations: Service, Gulf Coasts, Longshoreman's Association, Business, ILA, Association for Supply Chain Management, National Association of Manufacturers, United States Maritime Alliance, Port Authority of New, National Retail, New Jersey, Bureau of Transportation Statistics, Oxford Economics, Intelligence Locations: East, Gulf, Gulf Coast, East Coast, Port Authority of New York, New Jersey, West Coast, New York, New, Houston

A disturbance in the Caribbean Sea is expected to strengthen into a hurricane that will take aim at Florida midweek. A turn toward the northwest is expected Tuesday followed by an acceleration in speed toward the northeast on Wednesday and Thursday, the hurricane center said. A tropical storm is defined as having winds of 39 mph or higher, and a hurricane of 74 mph or higher, according to the National Weather Service. A hurricane watch has been issued for Cabo Catoche in Tulum and for Pinar del Río. A tropical storm warning is in effect in Rio Lagartos in Tulum and Cuba's Artemisa, Pinar del Río and the Isle of Youth, or Isla de la Juventud.

Persons: Helene, it's, Ron DeSantis, Cuba's Artemisa Organizations: Grand Cayman, National Hurricane Center, National Weather Service, Florida Gov, Cabo Catoche, Pinar del, la Juventud Locations: Caribbean, Florida, Grand, Mexico, Cuba, Cayman Islands, U.S, Pinar del Río, In Florida, Tallahassee, Gulfport, Tulum, Rio Lagartos, Pinar, Isle

☆ TSMC and Samsung in talks with UAE to build chip megafactories, WSJ reports
▼ + stars: | 2024-09-23 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

South Korea-based Samsung Electronics has also been considering investing in building chip manufacturing facilities in the country in the coming years. The Gulf state has been ramping up efforts and investments in developing its domestic tech industry as it works to build its position as a global hub for advanced technology and artificial intelligence. However, the discussions with UAE officials are still in the early stages, the report said. A tug-of-war between the U.S. and China has played out in the region as tech deals speed up and Washington grows increasingly wary over Beijing's influence in the Gulf state. TSMC and Samsung have held discussions with U.S. officials who are worried about potential shipments of advanced AI chips coming from UAE-based plants to China.

Persons: Alex Capri Organizations: Dubai International Financial, Global, Taiwan Semiconductor Manufacturing Co, Samsung Electronics, United, Street, TSMC, South Korean, UAE, U.S, Samsung, National University of, CNBC, Wall Locations: Dubai, United Arab Emirates, Burj, Gulf, Taiwan, South Korea, China, Washington, UAE, The U.S

☆ Storm That Could Threaten Gulf Coast Takes Shape in the Caribbean
▼ + stars: | 2024-09-23 | by ( Judson Jones | More About Judson Jones | ) www.nytimes.com time to read: +1 min

The next storm that could threaten the United States was beginning to take shape Monday afternoon among a swirl of thunderstorms off the shores of Honduras in the western Caribbean Sea, with forecasters saying there is a strong likelihood that it becomes Helene, the next name in the 2024 Atlantic hurricane season storm list. Many of the forecast models that meteorologists use show the storm strengthening rapidly over the next few days before hitting somewhere along the central to eastern Gulf of Mexico coastline Thursday. This storm follows Francine, which spun across the western Gulf of Mexico this month. That storm struggled to organize and only slowly intensified into a weak Category 2 in the final few hours before making landfall in Louisiana and dropping a deluge of rainfall across New Orleans. If this storm system forms more quickly into a named storm across the Caribbean, it is more likely to become a hurricane or even a major hurricane in the Gulf of Mexico before it hits land.

Persons: Helene, Francine Organizations: National Hurricane Center, Nine Locations: United States, Honduras, Gulf of Mexico, Gulf, Mexico, Louisiana, New Orleans

☆ Poll: Newly popular Harris builds momentum, challenging Trump for the mantle of change
▼ + stars: | 2024-09-22 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Mark-Murray-Circle-Byline-Template.Jpg | Mark Murray | ) www.nbcnews.com time to read: +10 min

Two-thirds of voters say their family income is falling behind the cost of living, and voters ranked the cost of living as their top concern in the election. Harris leads on abortion, fitness and change; Trump is ahead on the key issues of the border and inflationThe NBC News poll also tests Harris and Trump on 13 different issues and presidential qualities. But in this new poll, Harris is now at 48% positive, 45% negative (+3). And 66% of voters say their family’s income is falling behind the cost of living. Meanwhile, 65% of voters say the country is on the wrong track, compared to just 28% who say it’s heading in the right direction.

Persons: Kamala Harris, Harris, Donald Trump, Trump, Joe Biden’s, Harris ’ favorability, George W, Bush’s, —, Biden, ” Harris, “, Kamala Harris ’, ”, Jeff Horwitt, Democratic pollster, Bill McInturff, What’s, aren’t, ” Horwitt, Robert F, Kennedy Jr, Jill Stein, Chase Oliver, Harris ’, George H.W, Ross Perot, That’s, it’s Organizations: NBC News, NBC, Trump, Hart Research Associates, Democratic, Republican, ”, Biden, Black, House Locations: U.S

Sovereign wealth funds out of the Middle East are emerging as key backers of Silicon Valley's artificial intelligence darlings. In the past year, funding for AI companies by Middle-Eastern sovereigns has increased fivefold, according to data from Pitchbook. Few venture funds have deep enough pockets to compete with the multibillion-dollar checks coming from the likes of Microsoft and Amazon . MGX was launched as a dedicated AI fund in March, with Abu Dhabi's Mubadala and AI firm G42 as founding partners. For the U.S., having sovereign wealth funds invest in American companies, and not in global adversaries like China, has been a geopolitical priority.

Persons: Goldman Sachs, Prince Mohammed bin Salman's, Uber, LIV, UAE's Mubadala, MGX, Abu Dhabi's Mubadala, Anthropic, Andreessen Horowitz, Jamal Khashoggi, It's, Bpifrance, WeWork spiraled, Jared Cohen, there's Organizations: United, CNBC, Microsoft, Gulf Cooperation Council, Saudi Public Investment Fund, Abu, Abu Dhabi Investment Authority, Qatar Investment Authority, BlackRock, Global Infrastructure Partners, Saudi, U.S, Saudi Company, Artificial Intelligence, Washington Post, SoftBank, Goldman Sachs Global Institute Locations: Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Pitchbook, Abu Dhabi, Temasek, Singapore, China, UAE

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