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☆ EU seeks to revive Latin America, Caribbean ties as it turns away from China, Russia
▼ + stars: | 2023-07-17 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +3 min

Regardless of the outcome, officials said the meeting itself marked a step towards stronger ties. "The most important issue of the meeting is the meeting itself," Argentine Undersecretary for Latin American and Caribbean affairs Gustavo Martinez Pandiani told a small group of reporters in Brussels. The EU has said it wants a joint declaration condemning Russia, but knows this will be difficult to achieve. The EU and Argentina will sign a memorandum of understanding on energy cooperation before the summit starts. The EU may also offer details on plans to invest 10 billion euros ($11.2 billion) in CELAC infrastructure projects, part of its Global Gateway initiative.

Persons: Gustavo Martinez Pandiani, Luiz Inacio Lula da Silva, Philip Blenkinsop, Barbara Lewis Organizations: European Union, UN, European, EU, Mercosur, Thomson Locations: BRUSSELS, America, Caribbean, EU, Ukraine, China, Caribbean States, Brussels, Argentine, Russia, Nicaragua, Bolivia, Cuba, El Salvador, Beijing, Mexico, Peru, Venezuela, Chile, Argentina, Brazil, Paraguay, Uruguay

☆ Germany sends troops to Australia in a first as Berlin shifts focus to Indo-Pacific
▼ + stars: | 2023-07-10 | by ( Sabine Siebold | ) www.reuters.com time to read: +3 min

China is Berlin's most important trading partner, and 40% of Europe's foreign trade flows through the South China Sea, a waterway that is a focal point for territorial disputes in the Indo-Pacific. In 2021, a German warship sailed into the South China Sea for the first time in almost 20 years. When asked what message the first deployment of German troops to Australia was meant to send to China, he underscored Berlin did not aim to antagonize anybody. Mais plans to visit the German troops in Australia and a Rheinmetall (RHMG.DE) plant assembling Boxer armoured transport vehicles for both armies in mid-July, before travelling on to Japan and Singapore. As for Talisman Sabre, the German troops already have orders to return to Australia for the next exercise in 2025.

Persons: Alfons Mais, Berlin, Mais, Talisman Sabre, Sabine Siebold, Frank Jack Daniel Our Organizations: European Union, Reuters, Talisman, Rheinmetall, Boxer, Thomson Locations: BERLIN, Germany, Australia, China, German, U.S, Indonesia, Japan, South Korea, France, Britain, Berlin, Europe, Singapore

☆ NFL looks to give a boost to Black- and minority-owned banks
▼ + stars: | 2023-06-15 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +3 min

The league is borrowing $78 million from a syndicate of Black- and minority-owned banks and community development financial institutions. The loan deal will generate "tier 1 capital" for the banks and CDFIs. According to the National Black Bank Foundation, it will boost their lending power by millions through banking fees and interest. "These community banks sometimes have difficulty navigating down economic times. "These banks loan money to people and businesses that need it without being predatory.

Persons: Joe Siclare, Siclare, Ashley Bell, Martin Luther King, Bell, you'll, Dominik Mjartan Organizations: National Football League, National Black Bank Foundation, CNBC, NFL, National Basketball, Atlanta Hawks, Major League Soccer, Black, Bank of America, Silicon Valley Bank, Optus Bank Locations: Silicon, Columbia , South Carolina

☆ Golf’s new Saudi deal presents questionable political, business and sporting realities
▼ + stars: | 2023-06-07 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

And the deal is also undeniably a great piece of business, assuming PGA Tour players accept it. And all pending litigation between LIV Golf and the PGA Tour was also mutually ended under the new agreement. He “co-opted the 9/11 community last year in the PGA’s unequivocal agreement that the Saudi LIV project was nothing more than sports washing of Saudi Arabia’s reputation,” the group said in a statement. Unresolved sporting conundrumsThere are as many sporting questions about the PGA Tour/LIV Golf partnership that remain unanswered. Then there is the question of how current PGA Tour members will respond.

Persons: LIV Golf, Arnold Palmer, Jamal Khashoggi, Prince Mohammed bin Salman, –, LIV –, Jay Monahan, Monahan, ”, “, Saudi LIV, ” Monahan, Dustin Johnson, Phil Mickelson, Patrick Reed, Cam Smith, Donald Trump, LIV, Trump, Khashoggi, ” Trump, Joe Biden, Antony Blinken, Tuesday’s LIV, Qataris, Cristiano Ronaldo, Karim Benzema, ” Yasir Al, Rumayyan, of Famer Greg Norman, Collin Morikawa, Mickelson, Alan Shipnuck, Shipnuck Organizations: CNN, PGA, Saudi, Post, Premier League, Global, Families United, Saudi shills, Crown, Formula One, NBA, Tour, Qatar, Soccer, Manchester City, United, Newcastle, Indian Premier League, Al, Real, Saudi Public Investment, “, Saudi Public Investment Fund, CNBC, of Famer, Open, Twitter Locations: Washington, Saudi, Qaeda, Riyadh, China, Western Europe, East, India, United Arab Emirates, Saudi Arabia, Ittihad, Real Madrid, French

☆ PGA Tour announces shock reconciliation with Saudi-backed breakaway LIV Golf
▼ + stars: | 2023-06-06 | by ( Jack Bantock | ) edition.cnn.com time to read: +3 min

CNN —The US-based PGA Tour is set to partner with the Saudi-backed breakaway LIV Golf, ending a feud that has dogged the men’s professional game for the past year. A spokesperson for the PGA Tour told CNN that the new relationship between the PGA Tour, DP World Tour and LIV Golf is not a merger, but “a partnership/creation of a new commercial entity.”The LIV Golf series, backed by Saudi Arabia’s Public Investment Fund (PIF), officially launched in June 2022, with participating players subsequently barred from competing in PGA Tour events. “After two years of disruption and distraction, this is a historic day for the game we all know and love,” said PGA Tour Commissioner Jay Monahan. In August 2022, the four-time major winner told CNN that LIV Golf had “ripped apart” the men’s game. Tiger Woods was also critical, arguing in July 2022 that players who joined LIV Golf had “turned their back on what has allowed them to get to this position.”Woods had been critical of players to join LIV Golf.

Persons: LIV, LIV Golf, Mohammed bin Salman, ”, Jay Monahan, Monahan, Yasir Al, PIF, Rory McIlroy, Tiger Woods, “, ” Woods, Richard Heathcote, Phil Mickelson, Mickelson Organizations: CNN, PGA, PGA Tour, Saudi Arabia’s Public Investment Fund, MBS, LIV Golf, Getty, Twitter Locations: Saudi, Saudi Arabia

☆ PGA Tour agrees to merge with Saudi-backed rival LIV Golf
▼ + stars: | 2023-06-06 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +13 min

The PGA Tour has agreed to merge with Saudi-backed rival LIV Golf in a deal that would see the competitors squash pending litigation and move forward as a larger golf enterprise. With LIV Golf in the midst of its second, groundbreaking season, the PGA TOUR, DP World Tour and PIF will work together to best feature and grow team golf going forward. PIF will initially be the exclusive investor in the new entity, alongside the PGA TOUR, LIV Golf and the DP World Tour. Separately, PGA TOUR Inc. will remain in place as a 501(c)(6) tax exempt organization and retains administrative oversight of events for those assets contributed by the PGA TOUR, including the sanctioning of events, the administration of the competition and rules, as well as all other "inside the ropes" responsibilities, with Jay Monahan as Commissioner and Ed Herlihy as PGA TOUR Policy Board Chairman. The DP World Tour and LIV Golf will retain similar administrative oversight of events on their respective Tours.

Persons: LIV, LIV didn't, Yasir Al, Rumayyan, Jay Monahan, PIF, CNBC'S David Faber, LIV Golf, Brooks Koepka, Phil Mickelson, Bubba Watson, Monahan, Team Captain Brooks Koepka, Ricky Elliott, Osama Bin Laden, Donald Trump, nobody's, Trump, CNBC's David Faber, Jessica Golden, Kevin Durant, James Pitaro, LIV –, we've, Jay, Keith, Ed Herlihy, Herlihy, Jimmy Dunne, Keith Pelley Organizations: Nexstar, Nexstar Media Group, CW Network, CW, Wrestling, Endeavor Group, PGA Tour, CNBC, Saudi Arabia Public Investment Fund, PGA, European PGA, U.S, Team, Royal Greens, & Country Club, King Abdullah Economic, Saudi, CBS Sports, LIV, ESPN, Public Investment Fund, Al, Rumayyan, Strategic Alliance Locations: U.S, Saudi, Jeddah, King Abdullah, King Abdullah Economic City, Saudi Arabia, Los Angeles, RIYADH, PONTE, BEACH , Florida

☆ Citi has added Accor Hotels as a transfer partner, making ThankYou points more useful for stays at brands like Fairmont, Raffles, Sofitel, and Ibis
▼ + stars: | 2023-05-15 | by ( Joseph Hostetler | Jasmin Baron | Credit Cards Reporter | ) www.businessinsider.com time to read: +12 min

You'll receive 500 Accor points for every 1,000 Citi ThankYou points you transfer (a 2:1 ratio). Examples of popular Accor brands are:Banyan TreeFairmontIbisRafflesSLSSofitelSwissotelAccor has now been added to the list of Citi ThankYou Rewards points transfer partners, bringing Citi's number of partners to a whopping 17. For every 1,000 Citi ThankYou points you transfer, you'll receive 500 Accor points. That's significantly lower than Insider's valuation of Citi ThankYou points at 1.6 cents apiece, on average. The best way to use Citi ThankYou points for maximum value is usually for award flights instead of free hotels.

☆ The Inflation Reduction Act Will Allow an Asset Manager Takeover of Our Infrastructure - The New York Times
▼ + stars: | 2023-05-08 | by ( Brett Christophers | ) www.nytimes.com time to read: +1 min

The Inflation Reduction Act will reshape the physical and economic landscape of the United States over the next decade, including in ways that might surprise a lot of people. will help accelerate the growing private ownership of U.S. infrastructure, and in particular its concentration among a handful of global asset managers like Brookfield. This is taking the United States into risky territory. and 2021’s Infrastructure Investment and Jobs Act, President Biden’s other key legislation for infrastructure investment, is that they represent a renewal of President Franklin Roosevelt’s New Deal infrastructure programs of the 1930s. Public ownership of major infrastructure has remained an American mainstay ever since.

Prior to Russia's invasion of Ukraine in February last year, Ukraine ran its nuclear reactors on Russian fuel, producing 55% of the country's electricity. Cameco, like Energoatom, can adjust how much uranium it delivers on two years' notice, Kotin said. Contracted uranium prices are typically higher than spot prices, meaning that Cameco may take a discount if Ukraine purchases less uranium due to the war's impact, Carter said. Kotin said Energoatom will buy Cameco's uranium at a price based equally on a fixed price and a market price. BIG POTENTIAL REWARDSWhile Ukraine will rely on Cameco for uranium, it has struck separate deals for further processing.

☆ A solid start to earnings season will be put to the test in the week ahead
▼ + stars: | 2023-04-29 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.

☆ A divided Israel stands at a perilous crossroads on its 75th birthday
▼ + stars: | 2023-04-26 | by ( Hadas Gold | ) edition.cnn.com time to read: +10 min

And weakens the pillars that hold our nation together,” Israel’s President Isaac Herzog warned this week in a speech to Jewish groups. The legislation has plunged Israel into the largest and longest protest movement in the country’s history. Frozen peace processBut as Israel celebrates 75 years since its founding with fanfare, Palestinians mark the same event with mourning. It was during the Jewish state’s creation that more than 700,000 Palestinians were forced to flee their homes in what is now Israel. “This is the end of the era of limited conflicts,” Gallant told reporters, according to the Times of Israel.

☆ The Masters were caddied by only Black men for nearly 50 years
▼ + stars: | 2023-04-05 | by ( Jack Bantock | ) edition.cnn.com time to read: +14 min

Located just three miles from The Masters venue, the historically Black district lay adjacent to Augusta Country Club. Eventually, many would hop across Rae’s Creek to begin work at Augusta National. A “good bag” at Augusta National would pay up to $5, Maben said, offering $20 for a particularly lucrative day’s labor. The 1983 Masters saw the first White caddies walk the greens at the major, with just 19 Black caddies on the bag, Clayton said. This year, the Lucy Craft Laney Museum will put the legacy of Augusta’s Black caddies – quite literally – center stage.

Persons: Jack Nicklaus, Arnold Palmer, Willie Peterson caddied Nicklaus ’, Nathaniel “, ” Avery, Peterson –, –, Augusta, Nicklaus, Peterson, Augusta caddies, Leon Maben, Lucy, Lucy Craft Laney, Ward Clayton, “, ” Palmer, ” Clayton, …, Maben, Jerry ” Beard, caddie, Fuzzy Zoeller, John P, caddying, Willie “ Pappy ” Stokes, Stokes, Henry Picard, Ben Hogan, Hogan, Beard, Zoeller, Augusta “, Clayton, ” Maben, ” Beard, Heinz Kluetmeier, Tommy “, ” Bennett, Woods, scalding, John H, Stovepipe ” Gordon, Frank “, ” Stokes, Matthew “ Shorty Mac ” Palmer, Avery’s, Gordon, Gene Sarazen, Sarazen, Willie “, Perteet, Dwight D, Eisenhower, ”, ’, ‘, We’re, caddies, Jim Crow, Ron Townsend, Lee Elder, Elder, Andy Lyons, Townsend, ” Carl Jackson, Ben Crenshaw, Jackson, Crenshaw, “ Gentle Ben ”, Watson, Jamie Squire, Harvey Penick, ” Jackson, you’re, Andrew Redington, Avery, Palmer, Augusta caddies – Stokes, It’s Organizations: CNN, Augusta National, Bettmann, Getty, Augusta Country, Lucy Craft, Lucy Craft Laney Museum of, . Augusta National, ”, Augusta, ESPN, National, PGA, Augusta Country Club Locations: Georgia, Cedar Grove, Sand, Black, Augusta, caddies, Clayton, America, ”, Perteet

☆ Turkish parliament ratifies Finland's NATO accession as Sweden kept waiting
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +4 min

The Turkish parliament was the last among the 30 members of the alliance to ratify Finland's membership after Hungary's legislature approved a similar bill earlier this week. Finland and Sweden asked to join NATO last year in response to Russia's invasion of Ukraine. "NATO membership will strengthen Finland's security and improve stability and security in the Baltic Sea region and Northern Europe," the Finnish government said in a statement following the Turkish parliament vote. Twe Turkish parliament's ratification of Finland's NATO membership is set to be approved by President Tayyip Erdogan and then published in the country's Official Gazette. When Finland's instrument of accession document reaches the U.S. State Department, the Nordic country will formally become a NATO member.

China currently dominates the supply chain for many of the entries on Europe's list of "strategic" metals. By which time not more than 65% of any strategic metal's consumption will be able to come from a single third country. Europe has no strategic metal inventory, unlike the United States, China and South Korea. Given such a humble starting point, it seems unlikely EU strategic metal reserves are going to come any time soon, if they come at all. What started as a response to China's dominance of critical metals supply has been accelerated by Russia's invasion of Ukraine.

☆ US urges Turkey to quickly ratify Sweden's NATO bid
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, March 17 (Reuters) - The United States welcomed Turkish President Tayyip Erdogan's announcement on Friday that the country's parliament will begin ratifying Finland's NATO bid, and encouraged Turkey to quickly ratify Sweden's accession into the military alliance as well. "Sweden and Finland are both strong, capable partners that share NATO’s values and will strengthen the Alliance and contribute to European security. The United States believes that both countries should become members of NATO as soon as possible," White House national security adviser Jake Sullivan said in a statement. Reporting by Costas Pitas and Rami Ayyub; editing by Paul GrantOur Standards: The Thomson Reuters Trust Principles.

It plans to offer SM shareholders 150,000 won ($115) per share. The artists are represented by SM Entertainment, which is currently in the midst of several shareholder disputes. Kakao and its Kakao Entertainment unit already currently hold 4.9% of SM, the company told CNN in a statement Tuesday. Kakao’s gambleKakao is pressing forward nonetheless, inviting SM shareholders to accept its tender offer, which ends on March 26. Its shares closed 3% lower in Seoul on Tuesday, while SM’s shares soared 15%.

ABIDJAN/OUAGADOUGOU, Feb 20 (Reuters) - France's defence minister pledged on Monday to boost military support to Ivory Coast, as Paris adjusts its strategy in West Africa after neighbouring Burkina Faso ordered French troops to leave and vowed to curb a worsening Islamist insurgency solo. The two jihadist groups have taken over swathes of land and displaced millions of people in Burkina, Mali and Niger. Burkina Faso has denied an allegation that Russian mercenaries are in the country, but its prime minister in December said it would welcome Russia's help in its fight against the insurgents. OTHER PARTNERSThe countries' rejection of French military help could allow other states in the region to put themselves forward as more reliable partners to Western powers. "Ivory Coast and Benin have the will to fight against terrorism," the official said, speaking on condition of anonymity.

☆ One year on, Russia's war in Ukraine ramps up fears over Europe's next security 'soft spot'
▼ + stars: | 2023-02-20 | by ( Sam Meredith | ) www.cnbc.com time to read: +8 min

Speaking at the World Economic Forum in Davos, Switzerland, North Macedonia President Stevo Pendarovski said that, aside from Kyiv, he believed that the Western Balkan region was the "soft spot" of Europe's security architecture. For sure, the Western Balkans is a second battleground for Russia in terms of foreign interference and information manipulation. Bloomberg | Bloomberg | Getty ImagesĆerimagić said Russia's war in Ukraine provides Europe with a clear opportunity to cement stability in the Western Balkans. "For sure, the Western Balkans is a second battleground for Russia in terms of foreign interference and information manipulation. watch nowNorth Macedonia's Pendarovski last month described the U.S. as a "key player" in supporting Western Balkan countries through Russia's war in Ukraine.

☆ Why the future of Sinclair's Bally Sports Regional Networks matters to every pro league and stakeholder in the TV sports business
▼ + stars: | 2023-02-15 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +7 min

Sinclair bought its regional sports networks, now branded as Bally, from Fox after it sold assets to Disney. Four years later, the 19 networks now carrying the Bally Sports brand name are likely headed for a Chapter 11 reorganization. "We see downside risk increasing as Pay TV subscribers shift away from the linear bundle. Questions are swirling over how Diamond Sports will continue to pay rights fees to the sports leagues during a reorganization process. Symson said local rights are up in some markets and Scripps is ready to engage.

☆ Japan's Daikin picks Manchester, UK as test bed for green tech
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +3 min

[1/3] The logos of Daikin Industries Ltd are seen at the company's office in Tokyo August 29, 2012. Demand for heat pumps - which rely on electricity to transfer heat - has been booming in Europe amid soaring natural gas prices, with consumers in many countries waiting months for heat pump installations. Greater Manchester Mayor Andy Burnham said the partnership with Daikin symbolised the city's industrial ambitions. Heat pumps, sometimes described as reverse air conditioners, use electricity to concentrate heat potential and are comparatively more energy efficient than gas boilers. Daikin, headquartered in Osaka, last year said it would build a heat pump factory in Poland as part of its expansion plans.

☆ Russia, South Africa and a 'redesigned global order': The Kremlin's hearts and minds machine is steaming ahead
▼ + stars: | 2023-01-26 | by ( Elliot Smith | ) www.cnbc.com time to read: +9 min

Russian Foreign Minister Sergei Lavrov visited Pretoria as part of an African tour, his second since the invasion, which will also reportedly take him to Botswana, Angola and Eswatini. On Feb. 24 2022, shortly after the Ukraine invasion, South Africa urged Russia to immediately withdraw its forces from Ukraine. South Africa was one of 15 African nations to abstain from the subsequent U.N. vote in March to condemn Russia's war of aggression. watch nowShe emphasized the multilateral responsibilities of the BRICS (Brazil, Russia, India, China and South Africa) bloc of leading emerging economies in a changing global landscape. White House Press Secretary Karine Jean-Pierre said Monday that "the United States has concerns about any country … exercising with Russia as Russia wages a brutal war against Ukraine."

☆ A YouTube Shorts creator made a 12-page financial report detailing his income, expenses, and growth in 2022. Here's what it showed about his business.
▼ + stars: | 2023-01-18 | by ( Marta Biino | ) www.businessinsider.com time to read: +3 min

Mann made a year-end financial report for 2022 breaking down his revenue and expenses as a creator. For Alasdair Mann, 2022 was the year of YouTube Shorts. The London-based creator started posting short-form videos on TikTok and YouTube in the summer of 2021. He started receiving 25 million views a month on TikTok, and over 75 million on YouTube. One of them is the YouTube Shorts Fund, a $100 million fund that pays eligible creators up to $10,000 a month depending on how their short-form videos perform.

☆ 3 friends share how they started a charcuterie side hustle that made $40,000 in its first month
▼ + stars: | 2022-12-29 | by ( Amanda Breen | ) www.businessinsider.com time to read: +8 min

That's what Ryan Culver, Caroline Elston, and Lowell Bieber, the Indiana-based friends behind charcuterie subscription service Platterful, discovered when they teamed up to launch their venture last year — and made $40,000 in their first month. Culver and Bieber previously partnered on a health-and-wellness subscription box, which they successfully scaled and sold in September 2020. Entrepreneur sat down with the trio to learn how they built their meat-and-cheese side hustle — and continue to fuel its growth. Even though Culver and Bieber had subscription experience, the cofounders did have to contend with a new complication: cold shipping. [With cofounders] you have other people to lean on — if you're having a tough day, maybe someone else is having a good day.

☆ Cramer's lightning round: Lucid Group is too dangerous to own here
▼ + stars: | 2022-12-16 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: 1 min

Loading chart...Brookfield Renewable Partners : "I've been skeptical of that one ... but I am willing to reopen the books, and see if there isn't something here we can't find." Loading chart...Loading chart...Lucid Group : "We don't want to fool around with that. I think that one is just too dangerous." Loading chart...Joby Aviation : "Joby Aviation ... is like a Jules Verne story. ... Let's leave it like a story and not think of it as a stock."

☆ Teenage walruses dine on gourmet mussels at new home in U.S. zoo
▼ + stars: | 2022-12-08 | by ( Matt Mcknight | ) www.reuters.com time to read: +2 min

TACOMA, Wash., Dec 8 (Reuters) - A pair of adolescent walruses are settling into their new home at a zoo in Tacoma, Washington, feasting on restaurant-quality mussels and clams. They are now at the Point Defiance Zoo & Aquarium after an international trip via cargo plane and trucks from the Aquarium du Quebec in Canada. There are only 14 walruses, which are considered vulnerable but not endangered, in human care throughout the United States. [1/4] Six-year-old walruses Balzak and Lakina swim inside the exhibit at Point Defiance Zoo & Aquarium in Tacoma, Washington, U.S., November 17, 2022. Katie Cotterill/Point Defiance Zoo & Aquarium/Handout via REUTERS 1 2 3 4“Their tusks lack enamel or have very little enamel.

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