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☆ Larry Fink says the Fed won't cut interest rates as much as markets expect this year
▼ + stars: | 2024-10-29 | by ( Natasha Turak | ) www.cnbc.com time to read: +3 min

The U.S. Federal Reserve won't cut interest rates as much as markets expect because "embedded inflation" is too high, Blackrock CEO Larry Fink said Tuesday, speaking at a CEO-studded panel in Riyadh, Saudi Arabia. The Biden administration's legislation, such as the Inflation Reduction Act and the Infrastructure Investment and Jobs Act, have pushed those efforts forward. "Today, I think we have governmental policies that are embedded inflationary, and, with that being said, we're not gonna see interest rates as low as people are forecasting," Fink said. The Fed cut its benchmark rate by 50 basis points in September, signaling a turning point in its management of the U.S. economy and in its outlook for inflation. In late-September reports, strategists at J.P. Morgan and Fitch Ratings predicted two additional interest rate cuts by the end of 2024, and expect such reductions to continue into 2025.

Persons: Andrew Ross Sorkin, Larry Fink, Saudi Arabia . Fink, " Fink, onshoring, we're, Fink, Morgan, Goldman Sachs, Carlyle, Morgan Stanley Organizations: BlackRock, New York Times DealBook, Jazz, Lincoln Center, U.S . Federal, Blackrock, Saudi, Future Investment Initiative, Biden, Infrastructure Investment, Jobs, Fed, Fitch, U.S . Bureau of Labor Statistics, Standard Chartered Locations: New York City, Riyadh, Saudi Arabia, China, U.S

☆ How this blind soccer league is changing lives in the world’s newest country: ‘A disability is not inability’
▼ + stars: | 2024-10-29 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +10 min

Jimmy Just Augustin, who captains the competition’s Kator Blind Football Club, had never even heard of blind soccer before he was introduced to it. He told CNN about what it means to him to set an example for other people with disabilities in South Sudan. The International Blind Sports Association (IBSA) made blind soccer one of its official sports in 1996 and it has been a men’s Paralympic event since 2004. Finding the lightAfter decades of civil war, South Sudan gained independence from Sudan in 2011 following a referendum, making it the world’s newest widely-recognized state. Success at this tournament could potentially give the country a route into the World Blind Football Championships.

Persons: Jimmy Just Augustin, Augustin, “ Messi ” –, –, “, …, ”, “ I’ve, I’ve, Natalie Plhak, Simon Madol, Madol, it’s Organizations: CNN, NBA, Bright Stars, South Sudan’s Blind Premier League, Light, “, Blind Football Club, CNN Sport, University of Juba, Soccer, Blind Sports Association, Argentina, United Nations, UN, Refugee Agency, Displaced, Blind Premier League, Blind Football African Locations: Sudan, South, South Sudan, Burkina Faso, Ethiopia, Kenya, Mozambique, Uganda, Juba, “, Spanish, France, Paris, Brazil, Colombia, Africa, Somalia

☆ Mark Cuban says he has 'no interest' in a White House cabinet position as he campaigns for Harris
▼ + stars: | 2024-10-27 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Entrepreneur Mark Cuban speaks at a campaign event for US Vice President Democratic presidential nominee Kamala Harris at University Wisconsin-La Crosse in La Crosse, Wisconsin, on October 17, 2024. Billionaire investor Mark Cuban said Sunday that he is not eyeing a White House cabinet role even as he vigorously campaigns for Vice President Kamala Harris in the race against former President Donald Trump. I have no interest in serving in the cabinet for Kamala Harris or anybody," Cuban said in an interview on ABC's "This Week." As he stumps for Harris, Cuban has occasionally injected his own policy visions for a hypothetical Harris administration, especially on corporate regulation. "I think the bigger picture is she's hurting more than she's helping," Cuban told Semafor, speaking mainly of Khan's efforts to break up Big Tech companies.

Persons: Mark Cuban, Kamala Harris, Donald Trump, gunning, Harris, Gary Gensler, Cuban, Lina Khan, Semafor Organizations: US, Democratic, University Wisconsin, Billionaire, White, Securities, Exchange, SEC, Cuban, Federal Trade, Big Tech Locations: La, La Crosse , Wisconsin

☆ Half of all global food threatened by growing water crisis, report says
▼ + stars: | 2024-10-17 | by ( David Hodari | David Hodari Is A London-Based Editor. | ) www.nbcnews.com time to read: +3 min

“The global water crisis is a tragedy but is also an opportunity to transform the economics of water — and to start by valuing water properly so as to recognize its scarcity,” said Ngozi Okonjo-Iweala, Director General of the World Trade Organization and one of the commission’s co-chairs in a statement. With nearly three billion people already in areas experiencing unstable water trends and several cities sinking due to the loss of below-ground water, densely populated areas such as northwestern India, northeastern China and southern and eastern Europe will bear the brunt of global water mismanagement, the report says. “The global water crisis is a ticking time bomb. Even so, a lack of public funds being devoted to water issues by lawmakers around the world will do little to solve the problem. Governments “can’t even react to the symptoms of the water problem, let alone solve the problems if they’re being fiscally strangled,” said UCL's Mazzucato.

Persons: ”, Ngozi, Mariana Mazzucato, we’ve, Mazzucato, Tim Wainwright, “, they’re, UCL's Mazzucato Organizations: World Trade Organization, University College London Institute for Innovation, Purpose, NBC News, OECD, United Nations Locations: India, China, Europe, Netherlands

☆ Hong Kong leader announces measures to address housing crisis in annual policy address
▼ + stars: | 2024-10-16 | by ( Dylan Butts | ) www.cnbc.com time to read: +3 min

Hong Kong Chief Executive John Lee Ka-chiu delivers his annual policy address at the Legislative Council on Oct. 16, 2024, in Hong Kong. Hong Kong chief executive John Lee announced moves aimed at addressing the city's housing affordability crisis, calling it "an issue of great public concern" in an annual policy address on Wednesday. Under the plan, the Hong Kong Housing Authority will allocate an extra ballot number to applicants aged below 40 — a move that will increase their chances of being selected for the city's subsidized Home Ownership Scheme flats. He also said the government expects to complete about 9,500 new public housing units next year, moving toward a goal of completing about 30,000 units by 2027-2028. The current wait time for a public housing unit in Hong Kong is 5.5 years.

Persons: John Lee Ka, chiu, John Lee, Hong Kongers, Lee Organizations: Legislative, Hong, Hong Kong Housing Authority Locations: Hong Kong, Hong Kong . Hong Kong

CNN —No food has entered northern Gaza since the start of October, putting 1 million people at risk of going hungry, the World Food Programme told CNN on Friday. In August, approximately 700 hundred aid trucks entered northern Gaza. No food trucks have entered northern Gaza in October, the WFP told CNN. Earlier this week, the UN’s OCHA said: “September saw the lowest volume of commercial and humanitarian supplies entering Gaza since at least March 2024.”Israel’s military launched a new ground operation in northern Gaza on October 6, after seeing signs of Hamas rebuilding. The military has issued fresh evacuation orders for residents in northern Gaza, adding it had expanded the scope of the “humanitarian area” in Al-Mawasi in the south.

Persons: Banna, “, ”, Ahmad Abed, ” Amjad Al, ” Al, Shawa, Haitham Badri, OCHA, CNN’s Organizations: CNN, Food Programme, West Bank, Jordan, WFP, Palestinian, Governmental Organizations Network Locations: Gaza, Allenby, Deir al, Al

☆ The top 5% will benefit from Trump's tax plans while the rest of America pays more, a new analysis says
▼ + stars: | 2024-10-09 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

With the economy top of mind for many voters, tax policy will be significant in the election. Trump's proposals include eliminating taxes on tips and overtime, extending the 2017 tax cuts for individuals, implementing higher tariffs on imported goods, and reducing the corporate tax rate. Meanwhile, the Tax Policy Center has found that the policies would bring down post-tax incomes by $1,800 in 2025. Joe Hughes, a senior analyst on federal tax policy at ITEP, previously told BI that high-wage workers could take advantage of Trump's proposals to make more money. Ultimately, though, any tax proposals would need buy-in from the House and Senate.

Persons: Donald Trump, —, everybody's, ITEP, Ernie Tedeschi, Trump's, Matthew Gardner, Gardner, Trump, Casey B, Mulligan, Joe Hughes, Hughes, Brian Hughes Organizations: Service, Taxation, Yale Budget Lab, White House Council, Economic Advisers, IRS, American Progress, Trump, Policy Institute, Washington Post, Trump campaign's, Democratic, Senate Locations: ITEP

☆ Russia cut off its troops from Discord, the video gaming comms tool they use to coordinate attacks in Ukraine
▼ + stars: | 2024-10-09 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Russian troops have been using Discord to coordinate drone attacks, but it was banned on Tuesday. Federal regulators said they blocked the gaming messaging platform because it could be used for crime. Discord allows users to join a closed group voice call and livestream to other users from their screens or cameras. One pundit channel, Military Informant, blasted Roskomnadzor's decision as "madness," while another sarcastically thanked the regulator for giving Russian troops another challenge to "bypass the consequences of another wise decision." Discord, Roskomnadzor, and the Russian defense ministry did not immediately respond to comment requests sent outside regular business hours by Business Insider.

Persons: —, Roskomnadzor, Anton Gorelkin, Vladislav Davankov, Davankov, Ekaterina Mizulina, Mizulina, Roman Alekhine, Roskomnadzor's, Alekhine Organizations: Service, TASS, Russian State, State Duma, Safe Internet League, Military, Russian, YouTube, VK, Russia's, Business Locations: Moscow, US, Ukraine, Russian, Russia, Bakhmut

☆ Chinese travelers trickle back to a Taiwanese island, mere miles from the mainland
▼ + stars: | 2024-10-08 | by ( Jan Camenzind Broomby | Marylou Costa | ) www.cnbc.com time to read: +5 min

All that separates the cafe from mainland China are 6 miles of choppy water and a row of anti-invasion spikes along the beach. A row of anti-invasion spikes line a beach on Kinmen, with the Chinese mainland in the distance. Source: Jan Camenzind BroombyAlthough China claims sovereignty over Taiwan, Chinese tourists were prevented from visiting Taiwan for years. But on Feb. 14, two Chinese citizens were killed during a collision between a Taiwanese Coast Guard boat and a Chinese boat, sparking an escalation of tensions. local business owners have felt the impact of the loss of Chinese tourists, who previously contributed nearly $200 million to Kinmen's annual economy.

Persons: Zhang Zhong, Zhang, Camenzind Broomby, Kinmen, Soldiers, Chen Hua Sheng, weren't, Wu Zeng Yun, Beddy Chang, she's, Wu Zeng Yun —, Wu, Lu Wen Shiung, Lu, Chen Yu Jen Organizations: Kinmen, Taiwanese Coast Guard, Taiwan's Mainland Affairs Council, Matsu Joint Services Center, China's Coast Guard, Chinese Coast Guard Locations: China, Taiwan, Beijing, Kinmen, Kinmen County, Covid, Matsu, Taiwanese

☆ FTX creditors will make money on bankruptcy: $1.19 for every dollar
▼ + stars: | 2024-10-07 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Almost all of the creditors of failed crypto company FTX will end up profiting from the money they put into the exchange, a federal bankruptcy judge ruled Monday. Ray, who also shepherded Enron through bankruptcy, added that the estate is working to finalize arrangements to make distributions to creditors around the world. FTX previously estimated that it owes creditors around $11.2 billion. According to the plan approved by Delaware bankruptcy Judge John Dorsey, 98% of FTX's creditors will get 119% of the amount of their allowed claim as of November 2022, when the exchange filed for bankruptcy protection. The bankruptcy estate says it will make a separate announcement about the date the payout plan will go into effect and when it anticipates the start of distributions.

Persons: FTX spiraled, John Ray, Ray, John Dorsey, FTX, Sam Bankman, Fried, — CNBC's Dan Mangan, Caroline Ellison Organizations: Enron, Alameda Research, Amazon Locations: Delaware, Anthropic

☆ Jamie Dimon: No, I haven't endorsed Donald Trump
▼ + stars: | 2024-10-04 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

Jamie Dimon denied Donald Trump's claim that the JPMorgan Chase CEO had endorsed him. AdvertisementJamie Dimon hasn't endorsed Donald Trump — despite what the former president wrote on social media. The Republican presidential nominee posted a photo on Truth Social on Friday of Dimon with a caption above reading, "New: Jamie Dimon, the CEO of JPMorgan Chase, has endorsed Trump for President," beside a red siren emoji. But a spokesperson for JPMorgan Chase told Business Insider, "Jamie Dimon has not endorsed a candidate." Advertisement"I have a lot of respect for Jamie Dimon," Trump told the outlet, adding that, "He is somebody that I would consider, sure," when Bloomberg suggested the possibility of offering Dimon the role of Treasury Secretary.

Persons: Jamie Dimon, Donald Trump's, Trump, Dimon, Elon, —, Jamie Dimon hasn't, Donald Trump —, JPMorgan Chase, Tesla, Elon Musk, Mark Cuban, Kamala Harris, — Dimon, he'd, Nikki Haley, Trump's, CNBC's Organizations: JPMorgan Chase, Service, Republican, JPMorgan, Business, SpaceX, Trump, Democratic, Bloomberg Businessweek, Bloomberg, NATO, CNBC, TV18, White Locations: China

☆ Mark Cuban warns Elon Musk: Trump’s ‘loyalty is only to himself'
▼ + stars: | 2024-09-29 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Billionaire investor Mark Cuban cautioned Tesla CEO Elon Musk on Sunday against forming an alliance with former President Donald Trump, because, he said, the Republican presidential nominee may not ultimately repay his political debts. "Elon, there will come a time when you need something from Donald Trump," Cuban wrote in an X post to his fellow billionaire. Trump, Cuban believes, might not follow through on that exchange for Musk. Earlier this month, Trump endorsed the government efficiency commission idea and suggested Musk could be a "good one" to lead it. But the Republican nominee hedged that Musk, a busy CEO of multiple companies, might not have the time for the job, but that he could "consult."

Persons: Mark Cuban, Tesla, Elon Musk, Donald Trump, Elon, Cuban, Trump, Musk, Kamala Harris, Harris, hedged Organizations: Republican, SpaceX, Trump, Musk, Cuban, Securities and Exchange Commission, SEC Locations: Cuban

☆ U.S. charges three Iranian nationals in Trump campaign hack
▼ + stars: | 2024-09-27 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

United States Capitol building and an Iranian flag are seen at the photo exhibition organized by the Iranian-American community and supporters of the Iranian Resistance at the National mall in Washington D.C., United States. Federal prosecutors on Friday announced criminal charges against three Iranian nationals in connection with a recent hack of Republican presidential nominee Donald Trump's campaign and other cyberattacks. The charges come amid heightened scrutiny about how foreign actors, especially Iran, China and Russia, are trying to influence the American presidential race between Trump and Democratic nominee Kamala Harris. Officials have said that Iran is working to hurt Trump's campaign, while Russia prefers Trump, who has declined to say he wants Ukraine to win its war against invading Kremlin forces. China, meanwhile, has pushed anti-democracy influence operations but has not clearly sided with either the Republican or Democratic tickets, officials have said.

Persons: Donald Trump's, General Merrick Garland, Masoud Jalili, Seyyed Ali Aghamiri, Yasar, Kamala Harris ., Trump's, Garland, Friday's presser Organizations: Capitol, Iranian, National, Washington D.C, Islamic Revolutionary Guard Corps, Washington , D.C, U.S, Trump, Democratic, NBC News, Kremlin, Republican Locations: Iranian, Washington, United States, Washington ,, U.S, Iran, China, Russia, Ukraine

☆ Secret Service failures before Trump rally shooting were ‘preventable,’ Senate panel finds
▼ + stars: | 2024-09-25 | by ( ) www.cnbc.com time to read: +7 min

But that information was not relayed to key Secret Service personnel who were interviewed by Senate investigators. The Senate report comes just days after the Secret Service released a five-page document summarizing the key conclusions of a yet-to-be-finalized Secret Service report on what went wrong, and ahead of a Thursday hearing that will be held by a bipartisan House task force investigating the shooting. "This was the result of multiple human failures of the Secret Service," said Kentucky Sen. Rand Paul, the top Republican on the panel. Investigators found that many of the people in charge denied that they had responsibility for planning or security failures, and deflected blame. Democrats and Republicans have disagreed on whether to give the Secret Service more money in the wake of its failures.

Persons: Donald Trump, Butler, Michigan Sen, Gary Peters, Peters, Thomas Matthew Crooks, Trump, rallygoer, Crooks, Anthony Guglielmi, Kentucky Sen, Rand Paul, Ronald Rowe Jr, Republican Sen, Ron Johnson of Organizations: Senate Homeland Security, Governmental Affairs Committee, Democratic, Service, Communications, Republican, Secret Service, Senate, Trump, Secret, Advance, United States Secret Service, Republicans Locations: Butler , Pennsylvania, U.S, Pennsylvania, Michigan, Trump's Florida, Kentucky, Ron Johnson of Wisconsin

☆ New report lays out 'shocking' Secret Service failures that nearly led to Trump's death
▼ + stars: | 2024-09-25 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

Read previewFour senators on Wednesday released a bipartisan report chronicling the myriad failures by the Secret Service that preceded an assassination attempt against former President Donald Trump in July. The interim report from the Homeland Security and Governmental Affairs Committee said that the Secret Service failed to "clearly define responsibilities" during the fateful rally. AdvertisementThe report also said Secret Service personnel responsible for planning coverage of the July 13 event "denied that they were individually responsible for planning or security failures and deflected blame." The staff report states that the Secret Service was told that local police had seen a "suspicious person with a rangefinder" near the building at about 5:45 p.m.By 5:52 p.m., at least eight Secret Service personnel had been told about the suspicious person, according to the report. Related storiesIn a statement to Business Insider, the Secret Service said it's taken steps since the assassination attempt to address the issues.

Persons: —, Donald Trump, Gary Peters of Michigan, Richard Blumenthal, Rand Paul of Kentucky, Ron Johnson of, Peters, Paul, rallygoer, it's, Anthony Guglielmi, Guglielmi Organizations: Service, Wednesday, Democratic, Richard Blumenthal of Connecticut, Business, Homeland Security, Governmental Affairs Committee, Secret, Trump, Unmanned Aircraft Systems, Counter Assault, Senate Homeland Security Locations: Richard Blumenthal of, Ron Johnson of Wisconsin

☆ Banned political ads found on TikTok weeks ahead of 2024 election
▼ + stars: | 2024-09-23 | by ( Victoria Feng | Victoria Feng Is An Intern On The Nbc News Technology Desk. | ) www.nbcnews.com time to read: +7 min

TikTok has banned all political advertising on the app since 2019, but that hasn’t stopped advertisers from running what appear to be paid political messages on the platform. According to TikTok, the company does “not allow ads featuring political content across any of our monetization features, including paid ads, creators being paid to make branded political content, and other promotional tools on the platform.”TikTok stands apart among its big tech peers in banning political ads — Facebook, Instagram, X and Google all allow political advertisements. The continued presence of political ads on TikTok illustrates the difficulties in patrolling its own platform just weeks ahead of the 2024 presidential election and amid the court proceedings over its potential ban. The findings come as recent research shows that political ads on social media platforms are often filled with misinformation. There were no obvious signs of misinformation among the TikTok videos NBC reviewed.

Persons: TikTok, hasn’t, ”, Vincent Raynauld, “, There’s, ActBlue, Tom Steyer, Jordan Chiles, Shelby Purdum, Republicans ’, Laura Edelson, Blake Chandlee, Edelson Organizations: NBC News, Facebook, Google, NBC, Emerson College, ActBlue, Democratic, Republicans, Social, Northeastern University, BBC, Commission, FEC Locations: U.S, Russia, China, Iran, United States, TikTok, NextGen America, ”

Cabinet secretaries came and went in a Trump administration marked by head-spinning turnover. McMaster and John Kelly, all of whom were generals before they took high-ranking positions in the Trump administration. Another post that would loom large in a Trump administration is that of secretary of homeland security. Advisers to Trump’s transition include his sons Donald Trump Jr. and Eric Trump. Trump’s transition team is assembling small teams of people who would help shepherd nominees through to Senate confirmation.

Persons: Donald Trump, Trump, —, Hillary Clinton, Chris Christie, They've, ”, Max Stier, it’s, ” Stier, Kamala Harris, Harris, “, ” Sen, Mitt Romney, ” Romney, James Mattis, John Kelly, Romney, won’t, William Barr, Jeff Sessions, Mark Esper, Marc Short, Mike Pence, Sen, Lindsey Graham, ” Graham, Marco Rubio, Bill Hagerty of, Robert O’Brien, Mike Lee, Ken Paxton, — I’m, Dick Durbin, Tom Cotton, Mike Waltz, Mike Pompeo, Thomas Homan, Homan, ” Homan, “ Trump, Howard Lutnick, Cantor Fitzgerald, Linda McMahon, Lutnick’s, McMahon, Lutnick, Donald Trump Jr, Eric Trump ., Robert F, Kennedy Jr, Tulsi Gabbard, Doug Hoelscher, Hoelscher, Lisa Murkowski, Susan Collins of, Luther Strange, Strange, Roy Moore, Moore, Doug Jones, hadn’t, ’, President Trump, that’s, Stier Organizations: WASHINGTON, White, Former New Jersey Gov, Trump, Public Service, Democratic, H.R, McMaster, Senate, Trump White House, Republican Sens, White House, Harris, Committee, CIA, Customs, Republican National Convention, Small Business Administration, Trump’s, America, Office, Intergovernmental Affairs, Republican, Alabama, Democrat, Brookings, Capitol Locations: Washington, R, Utah, Marco Rubio of Florida, Bill Hagerty of Tennessee, Texas, Milwaukee, Hawaii, Alaska, Susan Collins of Maine, Alabama

☆ Netanyahu considering plan to force all Palestinian civilians out of northern Gaza to besiege Hamas
▼ + stars: | 2024-09-22 | by ( Mick Krever | ) edition.cnn.com time to read: +5 min

CNN —Israeli Prime Minister Benjamin Netanyahu is considering a plan to force all Palestinian civilians out of northern Gaza, including Gaza City, in order to lay siege to Hamas and force the release of hostages. The plan does not mention whether, when, or how civilians would be allowed to return to northern Gaza. The idea comes from a group of retired Israeli military generals, who have formally presented it to the Israeli cabinet and a powerful parliamentary committee. “The right thing to do is to inform the approximately 300,000 residents who remained in the northern Gaza Strip, citizen residents, of the following: Not that we are suggesting you leave the northern Gaza Strip, we are ordering you to leave the northern Gaza Strip.”“In a week, the entire territory of the northern Gaza Strip will become military territory. The plan does not tackle the question of whether Palestinians could ever return to northern Gaza, one of its backers told CNN.

Persons: Benjamin Netanyahu, Giora, Kan, Netanyahu, ”, –, General Gershon Hacohen, ’, Meirav Cohen Organizations: CNN, Israeli, Knesset’s Foreign Affairs, Defense, Israel Defense Forces ’, National Security Council, Reserve Fighters, Israel Defense Forces, Office, Yesh Locations: Gaza, Hamas

☆ Why these Gulf states want to be AI superpowers
▼ + stars: | 2024-09-16 | by ( Nell Lewis | Rym Bendimerad | ) edition.cnn.com time to read: +5 min

“There’s huge investments going into (AI) in the Middle East,” said Stephen Anderson, Middle East strategy and markets leader at PwC, speaking to CNN at last week’s Global AI Summit (GAIN) in Riyadh, Saudi Arabia. Energy demand from AI, data centers and cryptocurrencies could double by 2026, according to the International Energy Agency. Gulf states are investing heavily in AI as they look to diversify their economies. Last year, the UAE unveiled a tool called Jais and Saudi Arabia has developed the Arabic chatbot ALLaM. Challenge of governanceOne of the major hurdles with the development of AI is public perception and governance: how should AI and data be regulated safely, securely, ethically and fairly?

Persons: “, ”, Stephen Anderson ,, Anderson, We’re, ” Anderson, Nick Studer, Oliver Wyman, Studer Organizations: CNN, United Arab Emirates, PwC, AI, Google, Energy, International Energy Agency, ”, Saudi, AI Authority, Oliver Wyman Group, International Telecommunication Union Locations: UAE, Stephen Anderson , Middle, Riyadh, Saudi Arabia, Qatar

☆ Three killed in Israeli airstrike were emergency workers, Lebanon says. Israel says it targeted terrorists
▼ + stars: | 2024-09-07 | by ( Hamdi Alkhshali | ) edition.cnn.com time to read: +2 min

CNN —Three people were killed and two wounded in an Israeli airstrike in southern Lebanon, authorities in the country said Saturday. However, the Israel Defense Forces (IDF) said the strike had “eliminated terrorists” from the Amal movement, a Hezbollah-allied Shia group. The IDF said early Sunday that about 50 “projectiles” were launched from southern Lebanon toward Kiryat Shmona in upper Galilee, Israel’s northernmost territory. It also said it struck and “eliminated terrorists” from the Amal movement in the area of Froun. He also wished a “speedy recovery” to one of the injured men, whom the Civil Defense identified as Mohammad Amasha.

Persons: Amal, “, El, Najib Mikati, General Raymond Khattar, Mohammad Amasha Organizations: CNN, Lebanese Ministry of Public Health, Israel Defense Forces, IDF, Amal, Civil, Civil Defense, Tebnin Governmental Hospital Locations: Lebanon, Froun, Nabatieh, Kiryat Shmona, Galilee, Israel’s, Aitaroun, Beirut, ”, Israel, Iran, Gaza

☆ If the Vicious Drug Lord Doesn’t Get Them, the Deadly Storm Might
▼ + stars: | 2024-08-08 | by ( Christopher Bollen | ) www.nytimes.com time to read: +2 min

It’s a shame Gabino Iglesias’ ferocious new novel, “House of Bone and Rain,” couldn’t have been included as supplemental reading. “The Devil Takes You Home” (2022) was, like the two books that preceded it, a horror-noir thriller with elements of other genres thrown in. “House of Bone and Rain” ranges from vigilante thriller to supernatural horror to coming-of-age friendship saga with a strong dose of folklore fantasy. We had each other’s backs,” Gabe declares. So when Bimbo’s mother, Maria, is gunned down while working the door of a nightclub in Old San Juan, Gabe and his friends make a pact to track down the killers no matter the cost.

Persons: Gabino Iglesias, Hurricane Maria, Roque Raquel Salas Rivera, “, ” Iglesias, Gabe, — Bimbo, Paul, Tavo, Xavier —, Xavier, ” Gabe, Maria Organizations: Whitney Museum of American, Puerto Rican Locations: Hurricane, Puerto Rican, “, San Juan, Old San Juan

☆ Consumers reported losing $210 million to scams across payment apps last year. A new bill wants to help future victims get their money back.
▼ + stars: | 2024-08-07 | by ( John Towfighi | ) www.businessinsider.com time to read: +6 min

Consumers and small businesses sent $806 billion across 2.9 billion Zelle transactions in 2023, both up 28% from 2022. Consumers reported losing $210 million to scams across all payment apps in 2023, according to data from the Federal Trade Commission. The new bill aims to amend the law to make banks more liable for all financial transactions, whether they're authorized or unauthorized. AdvertisementOver 99.95% of all Zelle transactions in 2023 were completed without instances of fraud, according to Zelle. In the meantime, the Protecting Consumers from Payment Scams Act will go to the Committee on Banking, Housing, and Urban Affairs for review.

Persons: —, JPMorgan Chase, PayPal —, Maxine Waters, Sen, Richard Blumenthal, Elizabeth Warren, Waters, Zelle, Blumenthal, Wells Fargo, Wells, Cameron Fowler Organizations: Service, Bank of America, JPMorgan, Business, PayPal, Consumers, Federal Trade Commission, Rep, Homeland Security, Governmental Affairs, Investigations, Blumenthal, Services, Warning Services, SEC, Consumer Financial, Banking, Housing, Urban Affairs Locations: Zelle, Wells Fargo, jtowfighi@businessinsider.com

Editor’s Note: A version of this story appears in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories. Such escalation could also jeopardize efforts to reach a ceasefire in Gaza and release hostages, despite recent progress in negotiations. Israeli Defense Minister Yoav Gallant and US Secretary of Defense Lloyd Austin discussed comprehensive security strategies to protect Israel, according to a statement on Monday. Israel was considering its options to prepare for a regional attack over the weekend. The country braces for war in its own way and tends to pick up after itself.

Persons: Ayatollah Ali Khamenei, Ismail Haniyeh, ”, Israel, Israel hasn’t, “, Yoav Gallant, Defense Lloyd Austin, Michael Kurilla, Kurilla, Ayman Safadi, Badr Abdelatti, Ali Bagheri Kani, ‘, Masoud Pezeshkian, Safadi, Nasser Kanaani, Fu’ad Shukr, Majdal Shams, Hassan Nasrallah, Benjamin Netanyahu, ” “, ” Netanyahu, Ali Bagheri, Netanyahu, Gallant, Daniel Hagari, Lebanon scrambledto, floaties, Samer Othman, Jalaa Marey, Othman, Liz Nicholas, David Adom, Be’er, Ivana Reiser, Zeev Jabotinsky, Naama, ” Be’er, ” Baer, Reiser, Roy Dror, Ron Heckmann, they’re, Dror, ” Heckmann, Uri Shacham, Shacham Organizations: Jerusalem CNN —, Iran’s, Islamic Revolutionary Guard Corps, Saturday, US, Israeli, Defense, US Central Command, Jordanian, Egypt’s, Zionist, Israel, Iran, Sunday, Getty Images Israel, Hezbollah, CNN, Mount, Mount Herzl Military, Getty, MDA Locations: Beirut, Tel Aviv, Jerusalem, Israel, Iran, Tehran, Lebanon, Gaza, United States, Syria, Majdal, Golan, ”, AFP, Cairo, Lebanese, Beirut’s, Mount Herzl, London, Nahariyah

☆ Violent, far-right riots overran some UK cities this weekend. What happened, and what comes next?
▼ + stars: | 2024-08-05 | by ( Rob Picheta | ) edition.cnn.com time to read: +10 min

London CNN —Far-right riots swept Britain over the weekend, with outbreaks of anti-immigrant violence in a number of cities and towns, leaving the new UK government scrambling to control the worst disorder in more than a decade. Throughout Friday, Saturday and Sunday, violent protesters congregated in city and town centers across the UK, many of them apparently intent on clashing with police and causing havoc. The gatherings ostensibly started as anti-immigration marches, organized on social media platforms like X and on WhatsApp and Telegram groups. Violence also took place in Sunderland, Middlesbrough, Stoke-on-Trent and several more cities, mostly across the Midlands and north of England. The man in charge of bringing those offenders to justice was Keir Starmer, then Britain’s Director of Public Prosecutions.

Persons: Keir Starmer, –, ”, Constable Lindsey Butterfield, Owen Humphreys, we’ve, ” Starmer, Christopher Furlong, Nigel Farage, Priti Patel, Diane Abbott, Britain’s, Elon, Tommy Robinson, Joe Mulhall, Robinson, Peter Powell, Musk, “, Starmer, underfunding Organizations: London CNN, Labour Party, Protesters, Rotherham, South Yorkshire Police, Middlesbrough, Stoke, Trent, Office, National Police Chiefs ’ Council, “, Downing, Police, . Police, Reform, Conservative Party, Farage, Conservative, CNN, Getty, Public Prosecutions, British Ministry of Justice, State, Justice, PA Media Locations: Britain, Southport, England, WhatsApp, Rotherham, Tamworth, Midlands, Middlesbrough, Sunderland, United Kingdom, Manchester, AFP, ”, British, London, gridlock, Wales, Afghanistan

☆ AP review of Venezuela opposition-provided vote tallies casts doubt on government’s election results
▼ + stars: | 2024-08-03 | by ( ) www.cnbc.com time to read: +8 min

Protesters demonstrate against the National Election Council certification of President Nicolas Maduro's reelection in Caracas, Venezuela, on Tuesday, July 30, 2024. The AP processed almost 24,000 images of tally sheets, representing the results from 79% of voting machines. National Electoral Council President Elvis Amoroso attributed the delay in updating results to "massive attacks" on the "technological infrastructure." The AP could not independently verify the authenticity of the 24,532 tally sheets provided by the opposition. The tally sheets, known in Spanish as "actas," are lengthy printouts that resemble shopping receipts.

Persons: Nicolas Maduro's, Venezuela's, Nicolás Maduro, Edmundo González, Maduro, Gonzalez, Elvis Amoroso, María Corina Machado, Machado, Biden, González, Edmundo González Urrutia, Antony Blinken, Vyacheslav Volodin, —, Cynthia Arnson, Caryslia Rodríguez, Jorge Rodriguez Organizations: National, AP, Electoral Council, Electoral, Wilson, United Socialist Party of Locations: Caracas, Venezuela, U.S, United States, Venezuela's, Brazil, Colombia, Mexico, Russian, Washington, United Socialist Party of Venezuela

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