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☆ BlackRock files for bitcoin ETF in push into crypto
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +2 min

BlackRock's iShares Bitcoin Trust will use Coinbase Custody as its custodian, according to a filing with the U.S. Securities and Exchange Commission (SEC). Last year, BlackRock launched a spot bitcoin private trust for institutional clients in the United States. A spot bitcoin ETF would track bitcoin's underlying market price. The SEC rejected Grayscale Investment LLC’s application last year to convert its flagship spot Grayscale Bitcoin Trust (GBTC.PK) into an ETF. The SEC has also rejected proposals for spot bitcoin ETFs from firms including Fidelity, Cboe Global Markets and NYDIG.

Persons: Brendan McDermid, Joshua Chu, CoinDesk, Manya Saini, Niket, Ankur Banerjee, Rae Wee, Devika Syamnath, Pooja Desai Organizations: BlackRock, New York Stock Exchange, REUTERS, U.S . Securities, Exchange Commission, SEC, Fidelity, Cboe, Thomson Locations: New York City, U.S, BlackRock, United States, Bengaluru, Singapore

SummarySummary Companies Travis Perkins falls, warns of downbeat profitUK inflation data, BoE rate decision due next weekFTSE 100 up 0.2%, FTSE 250 flatJune 16 (Reuters) - UK's FTSE 100 climbed on Friday, with defensive stocks such as utilities and healthcare leading the charge, while top building materials supplier Travis Perkins slumped after a profit warning. The internationally-focused FTSE 100 (.FTSE) gained 0.2%, posting a weekly gain of 1%, snapping a three-week losing streak underpinned by strength in mining stocks. Investors now look ahead to domestic inflation data and a probable 25-basis-point rate hike from the Bank of England next week. "It looks like, at least at this point, that this is the central bank that's going to remain the most restrictive for the longest period of time." A BoE survey showed the British public's expectations for inflation in the coming 12 months cooled in May.

Persons: Travis Perkins, BoE, Julien Lafargue, Ankika Biswas, Shashwat Chauhan, Khushi Singh, Sherry Jacob, Phillips, Shailesh Organizations: U.S . Federal Reserve, European Central Bank, Bank of, ECB, Barclays Private Bank, FTSE, Britain's, Thomson Locations: Bank of England, Bengaluru

☆ I swapped alcohol for 'Psychedelic Water' popular among sober-curious people online. I found it's the perfect drink to avoid social anxiety without a hangover.
▼ + stars: | 2023-06-12 | by ( Hannah Towey | ) www.businessinsider.com time to read: +5 min

"Psychedelic Water?" Despite the name, Psychedelic Water doesn't include LSD or psilocybin and definitely won't make you hallucinate. The main side effect I experienced while drinking Psychedelic Water was an occasional tingling sensation on my tongue and minor stomach pains. Psychedelic Water was one of the previously unheard-of brands that took off on social media during this time. Psychedelic Water is available in four flavors: hibiscus lime, blackberry yuzu, oolong orange blossom, and prickly pear.

Persons: —, seltzer, Robbie, Abby Wallace, Pankaj Gogia, Ben Rogul, Gogia, psychedelics Organizations: Service, Pacific Islanders, National Institutes of Health, Nielsen, Urban Outfitters

☆ World number one Swiatek digs deep to beat Muchova and win French Open title
▼ + stars: | 2023-06-10 | by ( ) www.reuters.com time to read: 1 min

[1/3] Tennis - French Open - Roland Garros, Paris, France - June 10, 2023 Poland's Iga Swiatek in action during her final match against Czech Republic's Karolina Muchova REUTERS/Lisi NiesnerPARIS, June 10 (Reuters) - World number one Iga Swiatek of Poland fought off a comeback from unseeded Czech Karolina Muchova to win 6-2 5-7 6-4 and clinch her third French Open women's title in the last four years on Saturday. The Pole, who had not dropped a set in the tournament, was 4-1 up in the second before Muchova won four games in a row and forced a decider. But the 22-year-old recovered in time to bag her fourth Grand Slam title after also lifting the U.S. Open trophy last year. Reporting by Karolos Grohmann; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Roland Garros, Iga, Karolina Muchova, Lisi Niesner PARIS, Muchova, Karolos Grohmann, Ken Ferris Organizations: Czech, U.S, Thomson Locations: Paris, France, Poland

☆ Russian Optimism Over Defeat of Western-Made Tanks May Be Premature
▼ + stars: | 2023-06-10 | by ( Sam Fellman | ) www.businessinsider.com time to read: +3 min

A terrifying video captures a Russian drone's attack on a German-made Leopard tank below. Some believe they are signs Ukraine's counter-offensive is a failure. Ukraine's counter-offensive has just begun. One terrifying video captures a Russian loitering drone's attack on a German-made Leopard 2 tank below. The Leopard is among the more advanced weapons Ukraine has received from its Western backers to aid in retaking its land from Russian invaders.

Persons: Ukraine's, —, couldn't, Russian ultranationalists, Insider's Ryan Pickrell Organizations: Service, Ukraine, Institute for, Zaporizhia — Locations: Russian, Ukraine, Zaporizhia, Russia

☆ Swiatek reigns supreme at French Open by quelling Muchova
▼ + stars: | 2023-06-10 | by ( Shrivathsa Sridhar | ) www.reuters.com time to read: +5 min

"First of all congratulations to Karolina," said Swiatek, who became the first woman to successfully defend the Roland Garros women's singles title since Justine Henin in 2007. EMOTIONAL SCENESThat sparked emotional scenes on centre court as Swiatek shed tears of joy before joining her family in the crowd for a celebration. For Muchova, it was a first defeat against a player ranked in the top three in six meetings. Tournament director Amelie Mauresmo said of the Pole: "She's getting this special relationship with Roland Garros over the years. Reporting by Shrivathsa Sridhar and Karolos Grohmann in Paris; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Roland Garros, Iga, Suzanne Lenglen, Karolina Muchova, Iga Swiatek, Swiatek, Monica Seles, Seles, Naomi Osaka, Karolina, Justine Henin, It's, Philippe Chatrier, Muchova, Swiatek shrugged, We've, Serena Williams, Arantxa Sanchez Vicario, Amelie Mauresmo, She's, Ivan Dodig, Austin Krajicek, Sander Gille, Joran, Shrivathsa Sridhar, Karolos, Ken Ferris Organizations: Czech, Karolina Muchova REUTERS, U.S, Thomson Locations: Paris, France, PARIS, Poland, Prague, Czech, Croatian, American

☆ When will the Supreme Court rule on Biden's student loan forgiveness? What borrowers need to know
▼ + stars: | 2023-06-08 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

For a number of reasons, Dan Urman, a law professor at Northeastern University, also predicts that student loan forgiveness won't survive the Supreme Court. Striking down forgiveness will add to growing skepticism that the conservative justices vote for conservatives, and the liberal justices vote for liberals. Dan Urman law professor at Northeastern UniversitySuch a politically fueled decision, however, is likely to further damage the public's perception of the judicial branch, Urman said. "Striking down forgiveness will add to growing skepticism that the conservative justices vote for conservatives, and the liberal justices vote for liberals," Urman said. Fordham law professor Jed Shugerman had tweeted after the February arguments that he was "struck by SG Elizabeth Prelogar's brilliant performance."

Persons: Douglas Rissing, Biden, Gregory Caldeira, wouldn't, Caldeira, Dan Urman, Urman, Elizabeth Prelogar, Jed Shugerman, SG Elizabeth Prelogar's, Shugerman, What's Organizations: U.S, Supreme, Istock, Getty, Republican, Ohio State University, CNBC, Northeastern University, Gallup, Fordham

☆ Russian oil supplies to EU via southern Druzhba to rise 16% in June - sources
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +3 min

The southern branch of the Druzhba pipeline supplies Hungary, Slovakia and the Czech Republic. The EU imposed an embargo on Russian oil purchases via maritime routes from December. Hungary, Slovakia and Czech Repubic were, however, allowed to continue Russian oil imports as critical feedstock. Oil supplies via a section of the southern Druzhba pipeline were temporarily suspended in November following shelling on a power station which provides electricity for a pump station. The Druzhba pipeline crosses Belarus and Ukraine and remains an income source for both countries which receive transit fees.

Persons: Unipetrol, Poland's PKN, uninterruptedly, PKN Orlen, Emelia Sithole Organizations: European Union, EU, MOL, Reuters, Minsk, Thomson Locations: MOSCOW, Ukraine, Russian, Europe, Russia, Moscow, Hungary, Slovakia, Czech Republic, Druzhba, Czech, Belarus, Kiev, Adria, Ukrainian

☆ First Republic's former co-CEO could be Turkey's next central bank chief
▼ + stars: | 2023-06-06 | by ( Jeffrey Cane | ) www.businessinsider.com time to read: +3 min

A former co-CEO of First Republic is said to be in line to be Turkey's next central bank chief. Turkey's central bank is expected to return to more orthodox policies. That's not stopping the Turkish government, which is considering Hafize Gaye Erkan, a former co-CEO of First Republic, to be the next governor of its central bank, according to reports. The bank would ultimately name the chief financial officer, Michael Roffler, to be CEO. Turkey's central bank has been a punching bag for Erdogan, who has forced out its leaders and pressured the bank to slash interest rates even in the face of surging inflation.

Persons: Hafize Gaye Erkan, Goldman Sachs, Recip Tayyip Erdogan, Erkan, Jim Herbert, Herbert, Graystone, Michael Roffler, Erdogan, Mehmet Şimşek Organizations: First, Morning, Princeton, JPMorgan Chase, Erkan, Reuters, First Republic, Financial Times, Bogazici University Locations: First Republic, Turkey's, Turkey, Republic

☆ Muchova pummels Pavlyuchenkova to book French Open semi-final spot
▼ + stars: | 2023-06-06 | by ( Shrivathsa Sridhar | ) www.reuters.com time to read: +2 min

"I don't know what to say, it's been an incredible two weeks and I'm glad I'm still in the competition," Muchova said. "I will for sure watch the match (between Sabalenka and Svitolina), I'm not sure if I will watch it live but I'm sure it will be another great match in two days." Muchova appeared more comfortable in the second set and built a commanding 5-1 lead before Pavlyuchenkova showed some signs of resistance. But there was no comeback on the cards as Muchova closed out the match on serve, celebrating the victory when Pavlyuchenkova fired a shot wide. Reporting by Shrivathsa Sridhar in Paris Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

Persons: Roland Garros, Karolina Muchova, Russia's Anastasia Pavlyuchenkova REUTERS, Kai Pfaffenbach PARIS, Anastasia Pavlyuchenkova, Elina Svitolina, it's, I'm, Muchova, Maria Sakkari, Philippe Chatrier, Pavlyuchenkova, Shrivathsa Sridhar, Christian Radnedge Organizations: Thomson Locations: Paris, France, Czech, Belarus, Ukrainian, Sabalenka

☆ U.S. Senate leader schedules classified AI briefings
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +2 min

[1/2] Artificial Intelligence words are seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/IllustrationWASHINGTON, June 6 (Reuters) - Senate Majority Leader Chuck Schumer said on Tuesday he has scheduled three briefings for senators on artificial intelligence, including the first classified briefing on the topic. In a letter to colleagues on Tuesday, the Democratic leader said senators need to deepen their understanding of artificial intelligence. Schumer launched an effort in April to establish rules on artificial intelligence to address national security and education concerns, as use of programs like ChatGPT becomes widespread. However, is the most concrete step yet that the U.S. government may adopt new regulations to address rising concerns about generative AI.

Persons: Dado Ruvic, Chuck Schumer, Schumer, Doina Chiacu, Chizu Organizations: REUTERS, WASHINGTON, Democratic, White, Thomson

☆ Today's the day: Apple is expected to reveal a 'jaw dropping' new product that faces an uphill battle
▼ + stars: | 2023-06-05 | by ( Michael Liedtke | Associated Press | ) www.businessinsider.com time to read: +8 min

It'll be the company's first major new product since the first Apple Watch in 2014. Apple's goggles are expected be sleekly designed and capable of toggling between totally virtual or augmented options, a blend sometimes known as "mixed reality." Magic LeapDaniel Diez, Magic Leap's chief transformation officer, said there are four major questions Apple's goggles will have to answer: "What can people do with it? The anticipation that Apple's goggles are going to sell for several thousand dollars already has dampened expectations for the product. But those forecasts were obviously made before it's known whether Apple might be releasing a product that alters the landscape.

Persons: It'll, Apple, Steve Jobs, hasn't, Mark Zuckerberg, Tim Cook, Cook, it's, Sergey Brin, Daniel Diez, Magic, Dan Ives, Zuckerberg, Leap's Diez Organizations: Apple, Apple Watch, Meta, Google, Microsoft, Wedbush Securities, CCS Insight Locations: Cupertino , California, Italy, San Francisco

☆ Maryland wanted to celebrate the War of 1812. It ended up advertising online gambling and virtual cockfights.
▼ + stars: | 2023-06-02 | by ( Jake Swearingen | ) www.businessinsider.com time to read: +3 min

A website on 800,000 Maryland license plates redirects to the 'Philippines' Best Betting Site.' There are 798,000 active War of 1812 license plates in the state, the Maryland Motor Vehicle Administration told Insider. The commemorative plates were the default for all license plates issued in Maryland between 2010 to 2016. Reddit user Samuel Zehr first noticed that the URL led to a gambling website after typing it into his phone on Memorial Day. "The gambling website was not at all what I was expecting," Zehr told The Washington Post.

Persons: Fort, John Lazarou, Lazarou, Samuel Zehr, Zehr Organizations: Morning, Globe, Maryland, Vehicle Administration, Motor Vehicle Administration, Star, Trail, Washington Post Locations: Maryland, Philippines, Fort McHenry, United States

☆ Is indicted Chinese billionaire tycoon Guo Wengui secretly bankrolling George Santos's bail?
▼ + stars: | 2023-06-01 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +10 min

In recent months, he's become supportive of exiled Chinese tycoon and Republican patron Guo Wengui. There's a very strong chance that one person putting up the money — directly or indirectly — is the jailed exiled Chinese billionaire tycoon Guo Wengui. Even Ghislaine Maxwell and SBF didn't get this kind of secrecySantos certainly doesn't want us to know who these bond sponsors are. (An affinity for using multiple names, which are variations of each other, is something Guo shares with George Anthony Devolder Santos.) So, is Guo one of Santos's bail sponsors?

Persons: George Santos's, you'll, Santos, he's, Guo Wengui, —, George Santos, Ghislaine Maxwell, SBF didn't, Joanna Seybert, Jeremy A, Chase, Alexandra Settelmayer, Davis Wright Tremaine, Lokman Vural, Sam Bankman, Larry Kramer, Andreas Paepcke —, Lewis Kaplan, Jeffrey Epstein, Epstein, Maxwell, Guo, Steve Bannon, Forbes, Miles Kwok, Carlo Allegri, Bannon, Miles Guo, George Anthony Devolder Santos, Cait Corrigan, Santos didn't, Joe Murray, Guo didn't, Santos doesn't Organizations: Service, Rep, Republican, New York Times, US, Federal, Anadolu Agency, Getty, Stanford University, REUTERS, New Federal, Chinese Communist Party, Law Foundation, Law Society, Santos, Justice Department Locations: New York, Long, Santos, Washington, DC, Central Islip, Central Islip , New York, Manhattan, United States, China, New Federal State of China, New Federal State

DAKAR, June 1 (Reuters) - Nine people were killed in Senegal on Thursday in clashes between riot police and supporters of opposition leader Ousmane Sonko after a court sentenced him to two years in jail, casting serious doubt on his chances of running for president next year. The justice ministry said the opposition leader could now be taken to prison at any time. Police remained stationed around his home Dakar as unrest flared in the capital and elsewhere after the verdict. But Sall's second term has been particularly turbulent for a country usually viewed as one of West Africa's strongest democracies. Separately, Sonko is appealing against a six-month suspended prison sentence for libel - an offence he also denies.

Persons: Ousmane Sonko, Sonko, Bamba Ciss, Sonko's, Antoine Felix Abdoulaye Diome, Abdou Karim Fofana, Ndiack Fall, Macky Sall, Sall, Ngouda Dione, Bate Felix, Diadie Ba, Edward McAllister, Sofia Christensen, Alessandra Prentice, Matthew Lewis, Andrew Heavens, Daniel Wallis Organizations: Police, REUTERS, University, Thomson Locations: DAKAR, Senegal, Dakar, Dakar Senegal, West, Lincoln

☆ Exclusive: JPMorgan to close 21 First Republic Bank branches
▼ + stars: | 2023-06-01 | by ( Nupur Anand | ) www.reuters.com time to read: +1 min

NEW YORK, June 1 (Reuters) - JPMorgan Chase & Co (JPM.N) will shut 21 branches of First Republic Bank by the end of the year as it integrates the failed lender into its operations, a JPMorgan spokesperson said on Thursday. The locations account for about a quarter of First Republic's 84 branches across eight states. "These locations have relatively low transaction volumes and are generally within a short drive from another First Republic office," the spokesperson said. After that, they will be eligible to apply for other roles at JPMorgan, which currently has 13,000 vacancies. JPMorgan is the largest U.S. lender, with more than 296,000 employees and 4,800 branches.

Persons: Nupur Anand, Lananh Nguyen, Christopher Cushing Organizations: YORK, JPMorgan Chase &, First Republic Bank, JPMorgan, Thomson Locations: New York

☆ Title contender Rybakina marches past teenager Noskova into third round
▼ + stars: | 2023-06-01 | by ( Karolos Grohmann | ) www.reuters.com time to read: +1 min

[1/5] Tennis - French Open - Roland Garros, Paris, France - June 1, 2023 Kazakhstan's Elena Rybakina in action during her second round match against Czech Republic's Linda Noskova REUTERS/Lisi NiesnerPARIS, June 1 (Reuters) - Fourth seed Elena Rybakina booked her third round spot with a 6-3 6-3 victory over rising Czech teenager Linda Noskova on Thursday, confirming her status as one of the front-runners for the title. Rybakina, a member of the new 'Big three' along with fellow title contenders, world number one Iga Swiatek and second seed Aryna Sabalenka, struggled with Noskova's powerful serve and thundering forehand. It was instead Noskova who carved out two break points at 3-3 but Rybakina, who won the title at Indian Wells and Rome this season while also reaching the final at the Miami Open, saved them both. She responded in kind at the very next game to break Noskova and go 5-3 up before clinching the match with an ace on her fourth match point. Reporting by Karolos Grohmann, editing by Pritha SarkarOur Standards: The Thomson Reuters Trust Principles.

Persons: Roland Garros, Elena Rybakina, Linda Noskova, Lisi Niesner PARIS, Swiatek, Aryna Sabalenka, Karolos Grohmann, Pritha Sarkar Organizations: Czech, Wimbledon, French, Miami, Thomson Locations: Paris, France, Czech, Indian Wells, Rome

☆ Central African Republic plans referendum on scrapping presidential term limits
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +2 min

BANGUI, May 30 (Reuters) - Central African Republic's President Faustin-Archange Touadera said on Tuesday he would hold a referendum in July on his intention to change the constitution and remove term limits. Touadera's allies proposed the change in May last year, arguing that presidential term limits were uncommon in many neighbouring countries. Critics and opposition parties held protests last year as the reform would allow Touadera to run again in 2025 for a third term. A presidential decree issued later on Tuesday said the referendum would start on July 15 and end on July 28. The proposed reform echoes constitutional and other legal changes that have allowed presidents in several other African countries - including Rwanda, Congo Republic, Ivory Coast and Guinea - to stay in office.

Persons: Faustin, Archange Touadera, Touadera, Francois Bozize, Bozize, Judicael Yongo, Sofia Christensen, Richard Chang Organizations: Constitutional, National Assembly, Thomson Locations: BANGUI, Bangui, Rwanda, Congo Republic, Ivory Coast, Guinea

☆ Stephens puts down marker on 'favourite court in the world'
▼ + stars: | 2023-05-29 | by ( Karolos Grohmann | ) www.reuters.com time to read: +1 min

[1/3] Tennis - French Open - Roland Garros, Paris, France - May 29, 2023 Sloane Stephens of the U.S. celebrates winning her first round match against Czech Republic's Karolina Pliskova REUTERS/Clodagh KilcoynePARIS, May 29 (Reuters) - Sloane Stephens relished every moment she spent on her favourite court in the world as the she cruised to a 6-0 6-4 first-round victory over former world number one Karolina Pliskova on Monday to put down an early marker at the French Open. "This is my favourite court in the world and I am super happy to be back," said Stephens, currently ranked 30th. Stephens came into the tournament in improving form on clay after winning her first WTA 125 event and reaching the semi-finals on clay in Rabat last week. "To start like that on your favourite court and favourite surface is great. I wanted to get matches under my belt this year (before the tournament) and I was feeling confident," Stephens said.

☆ Iran exchanges heavy gunfire with Taliban on Afghan border, escalating tensions over water rights
▼ + stars: | 2023-05-29 | by ( ) www.cnbc.com time to read: +1 min

The Taliban and Iran exchanged heavy gunfire near the border on May 27, 2023. The Taliban and Iran exchanged heavy gunfire Saturday on the Islamic Republic's border with Afghanistan, killing and wounding troops while sharply escalating rising tensions between the two countries amid a dispute over water rights. From the Taliban's view, Afghan Interior Ministry spokesman Abdul Nafi Takor accused Iran of shooting first. The semiofficial, English-language newspaper Tehran Times said the fighting killed three Iranian border guards. IRNA said the Milak border crossing with Afghanistan, a major trade route, was closed until further notice over the gunfight.

Belarus is being used as a key staging ground for Russia's war in Ukraine, which Moscow terms a "special operation". When asked if she was ready to be number one, she smiled and said: "Yes, I think so. Unlike the other three, Tsitsipas has yet to win a Grand Slam and he begins his campaign against Czech Republic's Jiri Vesely. "It's all about getting into the mindset of the Roland Garros final that I had here (in 2021)," he said. I just need to get a few good first matches to keep believing that I actually can do something this year."

☆ JPMorgan Chase cut about 500 jobs this week, including technology and operations roles
▼ + stars: | 2023-05-26 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

JPMorgan Chase & Co. headquarters in New York, US, on Wednesday, Jan. 18, 2023. JPMorgan Chase cut about 500 positions this week, mostly among technology and operations groups, according to people with knowledge of the move. Like many financial firms, JPMorgan periodically trims staff during the year, even as it hires thousands more workers to fill roles. This week, JPMorgan offered positions to about 85% of First Republic's roughly 7,000 workers. The bank declined to comment about its personnel decisions.

☆ JPMorgan lays off 15% of First Republic employees, or about 1,000 workers
▼ + stars: | 2023-05-25 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +3 min

JPMorgan is laying off roughly 1,000 employees of First Republic Bank, which it acquired on May 1. On Monday JPMorgan said it will also be closing some First Republic bank branches. JPMorgan has notified roughly 1,000 employees of First Republic Bank, which it acquired earlier this month, that they won't be staying on with the bank. "The vast majority of First Republic employees will be offered employment at JPMorgan Chase – either through a transition period, or in many cases full-time," a JPMorgan spokesperson said in a statement. JPMorgan agreed to buy First Republic Bank after the FDIC seized control on May 1.

☆ Hedge funds piled into these stocks in the first quarter
▼ + stars: | 2023-05-22 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The Wall Street firm analyzed hundreds of 13F filings last week to find the most popular stocks hedge funds picked up over the volatile quarter. Hedge funds piled into Victoria's Secret in the first quarter, buying the dip in the lingerie retailer, which has seen its shares fall 29% this year. Hedge funds also increased their ownership in financial names Western Alliance and Western Union last quarter. To be sure, it's possible that some of the hedge funds were covering their short bets in this position. A number of biotech names were also high-conviction bets for hedge funds, including Syneos Health , Horizon Therapeutics and Ginkgo Bioworks.

A new electoral system means New Democracy fell just shy of an absolute majority, paving the way for coalition talks this week though a second vote in June is more likely. Prime Minister Kyriakos Mitsotakis emerged stronger despite a wiretapping scandal, the COVID pandemic, a cost of living crisis and a deadly rail crash in February which triggered public outrage. "I think what Syriza missed was the willingness of the electorate to move away from the crisis politics era. That is what Mitsotakis understood whereas Syriza didn't," said Wolfango Piccoli, co-president of political risk advisory at Teneo. Another leftist party, MeRA25, led by Varoufakis, used a similarly cryptic slogan "Alliance for the Rupture".

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