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☆ Meet the JPMorgan executive emerging as a dark horse to succeed Jamie Dimon
▼ + stars: | 2024-01-31 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +9 min

Read previewA longtime JPMorgan executive who has kept a low public profile while cultivating a reputation as a successful trader with a talent for managing risk is emerging as a contender to succeed Jamie Dimon as chief executive. His new position through the internal shuffle has vaulted him more publicly and prominently into the most closely watched succession race on Wall Street. JPMorgan executive David Hudson told the publication that he returned to JPMorgan after working at Nomura in 2010 "to work for Troy." Rohrbaugh's other stops at JPMorgan have been head of global markets and head of macro markets. A senior JPMorgan executive who works with Rohrbaugh recalled that time during the pandemic.

Persons: —, Jamie Dimon, Dimon, Troy Rohrbaugh, Jennifer Piepszak, Wall, Marianne Lake, Rohrbaugh, Goldman Sachs, Euromoney, Eddie Wen, David Hudson, He's, Gary Gensler's, Goldman, Cantor Fitzgerald, Tim Soulas, Cantor, Johns Hopkins, you've, he'll, Kaja Whitehouse, Alex Morrell Organizations: Service, JPMorgan, Wall, Business, CIB, North America, Goldman, Nomura, Troy, Federal Reserve Bank of New, Global, Securities, Exchange, Banque Nationale, CooperNeff, Philadelphia Stock Exchange, World Trade Center, New York Daily News, Gilman School, Johns Hopkins University, Alpha Delta Phi, Baltimore Sun, Bloomberg Locations: Dimon, North, JPMorgan's, Canadian, Manhattan, Baltimore, Maryland, New York

☆ Blackstone is gearing up for a real-estate buying spree. Here are the types of properties it's eyeing.
▼ + stars: | 2024-01-25 | by ( Kaja Whitehouse | Alex Nicoll | ) www.businessinsider.com time to read: +3 min

Blackstone sees a light at the end of the tunnel for the troubled commercial real estate market — and the private equity giant is not waiting for things to settle down before it starts picking winners. "While it will take time, we can see the pillars of a real estate recovery coming into place." Gray noted that the firm made three major real estate transactions in the past two months, including its $3.5 billion deal to take Canadian real estate firm Tricon Residential private. He said the company sees further buying opportunities in residential real estate, including single-family rentals and multi-family rentals. The Tricon transaction, he said, was focused on single-family homes for rent: "That space, because of the shortage of single-family homes, has been much stronger."

Persons: Blackstone, Jonathan Gray, Gray, we've Organizations: Business, Signature Bank, Savings, Loans, Invitation Homes

"When you see the news of a Wall Street employee or any highly paid professional dying this way, it obviously wakes you up." Wall Street is all about relationships, which often means spending big money to show people a good time. "That's been the Wall Street playbook for many, many years, and I don't think it has changed." On the other side of the coin is Wall Street, where a history of drug use can haunt working professionals for years. AdvertisementLaird thinks Wall Street firms could learn a thing or two from other industries when it comes to their response to addiction.

Persons: Rudy Giuliani, It's, Joe, I'm, Anna Lembke, Streeters, biohacking, Wall, couldn't, Rudolph Giuliani, Getty John Battaglia, Spear, Goldman Sachs, " Battaglia, Goldman, Adderall, Jaime Blaustein, Blaustein, Sylvia Brafman, Zyn, who's, JAMES ARTHUR GEKIERE Denise Shull, hasn't, Shull, —, Artur Widak, they've, Ray Donovan, AGNES BUN, Battaglia, Ross Peet, Betty, Lembke, Leonardo DiCaprio, Paramount Pictures Trey Laird, Laird, Trey, That's, Peet Organizations: Business, New York Times, Wall, psychedelics, Stanford, Addiction, Mental Health Services Administration, Bettmann, Leeds, Kellogg, Sylvia Brafman Mental Health, BI, Citadel, Getty, National Institute on Drug Abuse, Credit Suisse, Traders, Bank of America, New, Betty Ford Foundation, Street, Paramount Pictures, Needham & Co, Treatment, Industry Locations: Manhattan, New York, Brussels, Silicon Valley, California, Arlington , Virginia, New York City, Bank, New Canaan , Connecticut

☆ What Wall Street bosses from Goldman Sachs to JPMorgan are saying about the jobs outlook for 2024 in investment banking, wealth management, and more
▼ + stars: | 2024-01-16 | by ( Emmalyse Brownstein | Alex Morrell | Reed Alexander | ) www.businessinsider.com time to read: +11 min

Last year, banks opened 2023 by forecasting layoffs, including for the investment bankers who suddenly had nothing to do following the pandemic-era M&A and IPO boom. Citigroup kicked off 2024 ominously, warning that it will lay off as many as 20,000 employees by 2026. The bank expects 2024 expenses to increase further to total $90 billion, up $2.8 billion from 2023, and much of that will be focused on hiring. CFO Barnum on Friday said the bank is gearing up for a "rebound in the investment banking wallet." Headcount declined 3% to 80,006 from 82,427, while compensation expenses rose to $24.5 billion from $23 billion.

Persons: It's, it's, Jane Fraser, Jeremy Barnum, JPMorgan Chase Jamie Dimon, JPMorgan Chase, Alex Wroblewski, JPMorgan's headcount, Barnum, Friday, Patrick T, Fallon, —, Fraser, Q, Goldman Sachs Goldman Sachs, David Solomon, BRENDAN MCDERMID, Goldman Sachs, Denis Coleman, Coleman, Goldman, Bank of America Brian Moynihan, Robert Galbraith, headcount, BofA, Alastair Borthwick, execs, they've, Brian Moynihan, Wells Fargo Charles Scharf, Lucy Nicholson Wells Fargo, Michael Santomassimo, Charlie Scharf, Santomassimo, BlackRock Larry Fink, Fink, Kapito, Morgan Stanley Ted Pick, Morgan Stanley, Jeenah, Headcount, Morgan, Ted Pick, Sharon Yeshaya, Blackstone Steven Schwarzman, Blackstone, Gonzalo Fuentes Organizations: Business, Citigroup, JPMorgan, Citi, BlackRock, Blackstone, Getty, AlphaSense, Citigroup Citigroup, Bank of America, REUTERS, Robert, Robert Galbraith Bank of America's, Reuters, AP BlackRock, Global Infrastructure Partners Locations: Wall, headcount, Wells Fargo

Here are 6 signals investment bankers are watching as they pray for an M&A rebound in 2024. By contrast, activity from private equity firms "was off almost 40%," he said. In 2021, private equity firms transacted $1.5 trillion across 2,869 deals, according to Dealogic. Last year, private equity M&A made up 40% of total activity, according to Goldman Sachs. AI companies, many of which are only now being formed, need to mature, and the winners and losers need to come into focus, bankers said.

Persons: Wall, LSEG, Goldman Sachs, Vito Sperduto, Sperduto, we've, Stephan Feldgoise, Hess, Anthony J, Carfang, Cash, Goldman, Goldman's Feldgoise, Feldgoise, Mark Sorrell, I'm, Harold M, Lambert, Jerome Powell, Greg McBride, McBride, Jonathan Gray, dealmaking, Gray, Rob Chisholm, Chisholm Organizations: Fed, London Stock Exchange, Business, RBC Capital Markets, Conference Board, Conference, Federal, Goldman, Federal Reserve, Private, Bankers, DOJ, FTC, Federal Reserve Board, Bankrate, of Labor Statistics, Cisco, LSEG, Qatalyst Partners, Citi, & $ Locations: LSEG, Ukraine

☆ 10 industry leaders transforming business in 2023
▼ + stars: | 2023-12-11 | by ( ) www.businessinsider.com time to read: +20 min

In 2023, Business Insider's annual list of People Transforming Business highlights key players across the advertising, ESG, finance, AI, and labor sectors. Increasingly, they're turning to more opaque private credit markets to borrow money. The world of private credit sits outside the traditional banking system. Analysts expect the private credit market to balloon in size — likely keeping lawyers like Breen very busy. Muthukrishnan is trying to make sense of how risky these private credit loans are by overseeing what is so far the most comprehensive look at vulnerabilities in the industry.

Persons: Mira Murati, who's, Vince Toye, Eileen Fisher, Eileen Fisher Fisher, Guerin Blask, Eileen Fisher Eileen Fisher, she's, Fisher, Janelle Jones, Jones, Lexey, —, She's, Justin Breen, Proskauer Breen, Proskauer Justin Breen, he's, Breen, Ares Capital, He's, McLaren, Julie Su, Labor Julie Su, Department of Labor Julie Su, Su, Marty Walsh, Murati, Jim Wilson, Neal Mohan, YouTube Mohan, Katie Thompson, YouTube It's, YouTube isn't, Mohan, Muthukrishnan, Satya Nadella, Microsoft Satya Nadella, Ben Kriemann, Nadella, Steve Ballmer, Mathias Döpfner, Axel Springer, Tim Cook, Apple Cook, Justin Sullivan, Cook, Steve Jobs, Jobs, JPMorgan Chase Toye, JPMorgan Chase, Toye, they'll, Vince Toye's, Bella Sayegh, Rebecca Ungarino, Lara O'Reilly, Juliana Kaplan, Alex Nicoll, Tim Paradis, Stephanie Hallett, Michelle Abrego, Josée Rose, Ryan Joe, Emily Canal, Kaja Whitehouse, Alyssa Powell, Davis, Jonann Brady Organizations: JPMorgan, Service Employees International, SEIU, New York, Ford, Service Employees International Union, United Auto Workers Union, Spelman College, US Department of Labor, Economic Policy Institute, Center for Economic, Research, Department of Labor, The New York Times, Ares, Churchill Asset Management, European, Atlético Madrid, Labor, Labor Department, MacArthur Foundation, New York Times, Dartmouth, OpenAI, Associated Press, YouTube, NFL, DirecTV, Federal, Microsoft, Manipal Institute of Technology, University of Wisconsin -, University of Chicago, Apple, Apple Watch, Google, Time, JPMorgan Chase, National Housing Trust, Trenton Almgren Locations: McDonald's, Lorain , Ohio, Atlanta, California, Los Angeles, Albania, Canada, Muthukrishnan, Hyderabad, India, University of Wisconsin - Milwaukee, OpenAI, Virginia, Wells Fargo, Trenton

☆ Estonian PM calls on global powers to emulate her country's eco efforts
▼ + stars: | 2023-12-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEstonian PM calls on global powers to emulate her country's eco effortsEstonian Prime Minister Kaja Kallas explains the positive impact of the Baltic country's climate policy.

Persons: Kaja Kallas Locations: Estonian, Baltic

☆ Estonian PM Kallas Signals Interest in Top NATO Job -Politico
▼ + stars: | 2023-11-15 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +1 min

OSLO (Reuters) - Estonian Prime Minister Kaja Kallas said late on Tuesday she would like to be considered for the job of NATO secretary general once Jens Stoltenberg steps down, Politico reported. Speaking at a Politico conference in Washington, Kallas responded "yes" when she was pressed on whether she'd like to be considered for the role, according to the report. NATO diplomats have said, however, Kallas may be regarded as too hawkish by some members of the Western defence alliance. Stoltenberg has been in post since 2014 and is due to step down in October 2024. Outgoing Dutch Prime Minister Mark Rutte has also said he would be interested in the job of leading NATO.

Persons: Kaja Kallas, Jens Stoltenberg, Kallas, Stoltenberg, Mark Rutte, Terje Solsvik, Raju Gopalakrishnan Organizations: Estonian, Politico, European Union, NATO, Dutch Locations: OSLO, Washington, Russia, Estonia, Latvia, Lithuania, NATO, Ukraine

☆ Italy overcome spirited Slovenia to reach BJK Cup final
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +2 min

SEVILLE, Spain, Nov 11 (Reuters) - Jasmine Paolini defeated Tamara Zidansek and Martina Trevisan beat Kaja Juvan as Italy secured a 2-0 victory over Slovenia in Seville on Saturday to reach the Billie Jean King Cup final and stay on course for their fifth crown in the team competition. Trevisan earlier put Italy in front in their quest to make the final of the event for a sixth time with a battling 7-6(6) 6-3 victory over Slovenian world number 104 Juvan. "I have to say that today was really tough," Trevisan said as Italy tasted success in their first semi-final appearance in the competition since 2014. Italy's last triumph in the competition came 10 years ago, and they could face stiff competition in Sunday's title clash. Reporting by Shrivathsa Sridhar in Bengaluru; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Jasmine Paolini, Tamara Zidansek, Martina Trevisan, Kaja Juvan, Billie Jean King, Paolini, Trevisan, Shrivathsa Sridhar, Hugh Lawson Organizations: Slovenia, Billie Jean King Cup, Estadio, la, Slovenian, Czech, United States, Thomson Locations: SEVILLE, Spain, Italy, Seville, Czech Republic, Canada, Bengaluru

☆ Slovenia beat Australia in BJK Finals opener
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +1 min

Kaja Juvan got outsiders Slovenia off to a flyer with a 6-4 6-1 defeat of a rusty Ajla Tomljanovic. Former French Open semi-finalist Tamara Zidansek then overcame Daria Saville 6-1 6-4 to give Slovenia an unassailable lead, although a doubles rubber was still to be played. A strong-looking Kazakhstan team are the other country in Group B. The 12 qualifying nations are split into four sections of three with the group winners progressing to the semi-finals. Reporting by Martyn Herman; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Billie Jean King, Tamara Zidansek, Australia's Daria Saville, Marcelo Del Pozo, Kaja Juvan, Daria Saville, Martyn Herman, Ken Ferris Organizations: La, Billie Jean King Cup, Australia, French, Kazakhstan, Switzerland, Thomson Locations: Seville, Spain, Slovenia, Czech Republic

☆ EU summit turns its eyes away from Ukraine despite a commitment to stay the course with Zelenskyy
▼ + stars: | 2023-10-28 | by ( ) www.cnbc.com time to read: +5 min

It was a good thing Ukrainian President Volodymyr Zelenskyy had his videoconference address to the European Union summit pre-slotted for the opening session. They didn't come back to the issue of Russia's war in Ukraine again before Friday's closing day of the summit. Not only have the geopolitics in general shifted, some of the EU politics in particular are no longer as kind to Zelenskyy. There is also a four-year 20-billion-euro ($21 billion) military and security package in the pipeline. "If we don't help Ukraine, then what is the alternative, really," Estonian Prime Minister Kaja Kallas said.

Persons: Volodymyr Zelenskyy, Zelenskyy, Mike Johnson, Israel, Robert Fico, Viktor Orbán, Orbán, Anton Siluanov, Boris Pistorius, Fico, Orban, Kaja Kallas, Leo Varadkar, Putin Organizations: European Union, EU, U.S ., Slovak, Ukraine, Russian, U.S . Congress, IRIS, " Locations: Israel, Ukraine, Moscow, Europe, Slovakia, Germany, France, Hungary, Zelenskyy, Russian, United States, Brussels, Estonian, Russia

A damaged Balticconnector gas pipeline that connects Finland and Estonia is pictured in this undated handout picture in the Baltic Sea. Tallinn is investigating the cables incidents. In the case of the Estonia-Finland cable damage, it is also focusing on the Hong Kong vessel, and on Thursday evening Kallas said all three incidents were likely connected. The NewNew Polar Bear sailed over the Estonia-Sweden cable 133 kms (82 miles) before reaching the pipeline damage site. It then crossed the Estonia-Finland cable 32 kms (20 miles) after the gas pipeline, according to MarineTraffic.

Persons: Kaja Kallas, Gasgrid, Kallas, Janne Kuusela, Andrius Sytas, Anne Kauranen, Nerijus Adomaitis, David Evans, Hugh Lawson, Emelia Organizations: Finnish Border Guard, REUTERS, Estonian, National Emergency Supply Agency, Lithuanian, Reuters, NATO, Norwegian Navy, Thomson Locations: Finland, Estonia, Baltic, VILNIUS, HELSINKI, Sweden, Hong, Kong, Tallinn, Hong Kong, Estonian, Russia, MarineTraffic, China, Vilnius, Helsinki, Oslo

☆ Three Baltic Pipe and Cable Incidents 'Are Related', Estonia Says
▼ + stars: | 2023-10-27 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

Finnish police have named the Chinese-owned and Hong-Kong-flagged container carrier NewNew Polar Bear as the prime suspect in damaging the Balticconnector Finland-Estonia gas pipeline early on Oct. 8. NewNew Polar Bear sailed over the Estonia-Sweden cable 133 kilometres before reaching the pipeline damage site. It then crossed the Estonia-Finland cable 32 kilometres after the gas pipeline, according to MarineTraffic. NATO has stepped up patrols in the Baltic sea after the incidents, and Norwegian navy has shadowed NewNew Polar Bear as it sailed over country's key pipelines. China is willing to provide necessary information in accordance with international law regarding an investigation on damage to a Baltic Sea gas pipeline, the foreign ministry said on Wednesday at a regular press briefing.

Persons: Andrius Sytas, Kaja Kallas, Nerijus, David Evans Organizations: Nerijus Adomaitis, Reuters, Estonian, NATO Locations: Nerijus, Nerijus Adomaitis VILNIUS, Estonia, Finland, Sweden, Hong, Kong, Helsinki, Tallinn, Estonian, Russia, MarineTraffic, Baltic, China, Vilnius, Oslo

BRUSSELS (AP) — It was a good thing Ukrainian Prime Minister Volodymyr Zelenskyy had his videoconference address to the European Union summit pre-slotted for the opening session. They didn't come back to the issue of Russia's war in Ukraine again before Friday's closing day of the summit. With Ukraine funding in jeopardy in the U.S. Congress, Zelenskyy is looking to leave the financial lifeline to Europe open. “If we don’t help Ukraine, then what is the alternative, really,” Estonian Prime Minister Kaja Kallas said. Why do you think that you’re safe then?”Irish Prime Minister Leo Varadkar has the answer.

Persons: Volodymyr Zelenskyy, Mike Johnson, Robert Fico, Viktor Orbán, Orbán, ” Orbán, Anton Siluanov, Zelenskyy, “, ”, Boris Pistorius, Kaja Kallas, Leo Varadkar, Putin, ” ___ Geir Moulson, Sylvie Corbet, Justin Spike Organizations: Ukrainian, European Union, EU, U.S ., Ukraine, Russian, U.S . Congress, IRIS, ” Locations: BRUSSELS, Israel, Ukraine, Moscow, Europe, EU, Slovak, Germany, France, Slovakia, neigboring Hungary, Zelenskyy, Kyiv, Russian, United States, Brussels, Estonian, Russia, Berlin, Paris, Budapest, Hungary

☆ Goldman exec exits revealed
▼ + stars: | 2023-10-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're taking a deeper look at the number of partner departures at Goldman Sachs under CEO David Solomon. The big storyGoldman exits, by the numbersPaul Morigi/Getty Images; Jenny Chang-Rodriguez/InsiderAt least 210 Goldman Sachs partners have left on David Solomon's watch. It's also higher than Insider's analysis of yearly partner exits during the 14 years before Solomon took over as CEO, which came to 40.4. AdvertisementAdvertisementThe case for SolomonWhile partner departures under Solomon have increased, according to our analysis, it hasn't been a massive bump. Former Goldman partners become future Goldman clients, the bank likes to say.

Persons: —, Céline Dion, Goldman Sachs, David Solomon, What's, Goldman, Paul Morigi, Jenny Chang, Rodriguez, David Solomon's, Dakin Campbell, Emmalyse Brownstein, Walt Hickey, Kaja Whitehouse, It's, Solomon, Tony Fratto, Samantha Lee, hasn't, Lloyd Blankfein —, Solomon's, Solomon isn't beholden, it's, doesn't, Omer Ismail, CHANDAN KHANNA, Chelsea Jia Feng, Sam Bankman, Fried, SBF, Judge Lewis Kaplan, Israel, Duran Duran, Taylor Swift, Blake Shelton, Gwen Stefani, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Goldman, Walmart, Getty, View Press, Investors, Deal, Microsoft, MLB, The Arizona Diamondbacks, Texas Rangers, ExxonMobil, The Locations: Porirua , New Zealand, Chelsea, Israel, Arlington , Texas, Chevron, AutoNation, New York City, San Diego, London, New York

☆ 'Positions Not Matching Yet' as EU Leaders Fight for Slice of Budget Pie
▼ + stars: | 2023-10-26 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

The bloc's executive proposed that member states chip in more to the shared coffers to provide 50 billion euros to Ukraine and spend another 15 billion on migration. Budgetary decisions require unanimity and divisions were on display on Thursday as the bloc's 27 national leaders arrived for a summit in Brussels. On the bloc's eastern flank, Estonian Prime Minister Kaja Kallas said that - beyond supporting Ukraine - joint spending should grow for improving EU defence capabilities. Lithuania said 50 billion euros for Ukraine was not enough. Orban's comments come as his government is trying to unlock billions in aid envisaged for Hungary in the EU budget but blocked by the European Commission over rule of law concerns.

Persons: Gabriela Baczynska, Jan Strupczewski BRUSSELS, Alexander de Croo, Kaja Kallas, Kyriakos, Hungary's Viktor Orban, Orban, that's, Ireland's Leo Varadkar, Olaf Scholz, Marine Strauss, Krisztina, Tassilo Hummel, Rene Maltezou, Jan Strupczewski, Tomasz Janowski Organizations: European Union, EU, Belgian, European Commission, Diplomats Locations: Ukraine, Russia, Brussels, Estonian, Lithuania, Greece, East, Africa, Budapest, Hungary, Austria, Western Balkans, Germany

☆ Estonia's Kallas Dismayed by Hungary's Orban Handshake With 'Criminal' Putin
▼ + stars: | 2023-10-18 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

With great pomp, Viktor Orban and Putin held talks in China on Tuesday. Broadcast on Russian television, Orban told Putin that he had never wanted to oppose Moscow and is trying to salvage bilateral contacts. "It was very, very unpleasant to see that," Kallas, one of Ukraine's staunchest defenders, told Reuters in an interview in Paris. At least 2,600 Hungarians and 600 Soviet troops were killed in the fighting. This is the reality, but it doesn't mean that we should lose our interest in these areas," Kallas said.

Persons: John Irish PARIS, Vladimir Putin, Kaja Kallas, Viktor Orban, Putin, Orban, Ukraine's, Kallas, Emmanuel Macron, he's, John Irish, Jonathan Oatis Organizations: Union, Ukraine, Reuters, Criminal Court, ICC, Republicans, Hamas Locations: Moscow, Estonian, Hungary, Russia, China, Paris, Ukraine, Soviet, Kyiv, U.S, Israel, Nagorno, Karabakh, Western Balkans, Middle East

☆ WTA roundup: Zheng Qinwen advances at Zhengzhou Open
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

She will face Ukraine's Anhelina Kalinina, who posted a 7-5, 6-1 victory over Russian qualifier Vera Zvonareva. Hana Bank Korea OpenBelgium's Yanina Wickmayer seized a 6-3, 7-6 (6) victory over third-seeded Ekaterina Alexandrova of Russia to move on to the quarterfinals in Seoul. Wickmayer will meet Russian Polina Kudermetova, who breezed to a 6-3, 6-1 win over Kathinka von Deichmann of Liechenstein. Fifth-seeded Anna Blinkova of Russia coasted to a 6-1, 6-3 win over Australian Priscilla Hon to advance to the third round. Third-seeded Elise Mertens of Belgium had little difficulty in her 6-1, 6-4 victory over Australian qualifier Daria Saville.

Persons: China's, Zheng, China's Zhu Lin REUTERS, Kim Kyung, Zheng Qinwen, Maria Sakkari, Sakkari, Kalinina, Vera Zvonareva, Italy's Jasmine Paolini, Caroline Garcia of, Ukraine's, Tsurenko, Donna Vekic, Wickmayer, Ekaterina Alexandrova, Kudermetova, Kathinka von Deichmann, Claire Liu, Arantxa Rus, China's Yuan Yue, Slovenia's Kaja Juvan, Beatriz Haddad Maia, Anna Blinkova, Russia coasted, Priscilla Hon, Elise Mertens, Daria Saville Organizations: Tennis Centre, Russian, Caroline Garcia of France, Hana Bank, Hong, Belarus, Thomson Locations: Hangzhou, China, Greece, Zhengzhou, Croatia, Hana Bank Korea, Russia, Seoul, Wickmayer, Arantxa, Netherland, Hong Kong, Brazil, Belgium

☆ A pipeline in the Baltic Sea has been shut down. Authorities suspect sabotage
▼ + stars: | 2023-10-11 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

Gasgrid, Finland’s gas transmission operator, said Sunday that it had temporarily shut the 95-mile-long Balticconnector pipeline, running under the Baltic Sea, over a suspected leak. Moreover, Finland can still source gas via its LNG terminal, and Estonia is still connected to the European gas grid via Lithuania. An ‘alarm bell’Gasgrid and its Estonian counterpart Elering “noticed an unusual drop in pressure in the Balticconnector offshore gas pipeline” on Sunday morning, Gasgrid said Tuesday. “It is reasonable to suspect that the cause of the incident was damage to the offshore gas pipeline,” the company said in a statement. “The European [gas] market remains very tight, and any news is having an impact,” said Sharples at the Oxford Institute for Energy Studies.

Persons: Gasgrid, Sauli Niinistö, Jens Stoltenberg, ” Stoltenberg, Jack Sharples, Elering “, Kaja Kallas, Simone Tagliapietra, ”, Sharples, — James Frater, Sharon Braithwaite Organizations: London CNN, NATO, Finnish Border Guard, European Union, CNN, Oxford Institute for Energy Studies, Estonian, Estonia’s, Authorities, Germany —, EU, Chevron Locations: Finland, Estonia, Baltic, Brussels, Lithuania, Latvia, Europe, United Kingdom, Germany, Nord, Norway, Algeria, Israel

HELSINKI (AP) — Finnish police said Wednesday they have launched a criminal investigation into possible sabotage of an undersea gas pipeline between Finland and Estonia that was shut down over the weekend following a leak. It is bi-directional, transferring natural gas between Finland and Estonia depending on demand and supply. The company said a liquified natural gas terminal in Inkoo has the capacity to deliver the gas Finland needs. Europe saw natural gas prices hit record highs last year after Russia’s cutoff of most gas supplies during the war in Ukraine. Europe currently has filled 97% of its gas storage capacity for the winter, but security of supply depends on deliveries of pipeline gas and LNG.

Persons: NBI, ”, Risto Lohi, Jens Stoltenberg, Sauli Niinistö, Kaja Kallas, ” Stoltenberg, Dmitry Peskov, Peskov, “ Organizations: HELSINKI, National Bureau of, NATO, YLE, “, European Union, Estonian Locations: Finland, Estonia, Gulf, Finnish, Inkoo, Estonian, Paldiski, Germany, Russia, Baltic, Brussels, Baltics, Europe, Ukraine

☆ Swiatek on board with WTA's performance byes
▼ + stars: | 2023-10-03 | by ( Shrivathsa Sridhar | ) www.reuters.com time to read: +3 min

Byes are usually reserved for top seeds at events but the performance rule meant world number two Swiatek, who lost in the Tokyo quarters, went into the first round in China. World number one Aryna Sabalenka and number three Coco Gauff missed out on byes as they had not played since the U.S. Open. The Pan Pacific Open in Tokyo was a WTA 500 event, while the China Open is a WTA 1000 tournament. The WTA said it would continue to implement performance byes on a trial basis at its events during the rest of the season and throughout 2024, with adjustments made when required. Elena Rybakina pulled out of last week's Pan Pacific Open citing fitness issues, days after slamming the women's governing body for the introduction of performance byes at the event.

Persons: Iga, Slovenia's Kaja Juvan, Brendan Mcdermid, Swiatek, Jessica Pegula, Maria Sakkari, Anastasia Pavlyuchenkova, Veronika Kudermetova, Coco Gauff, it's, Sabalenka, Elena Rybakina, Sakkari, Caroline Garcia, Shrivathsa Sridhar, Peter Rutherford, Pritha Organizations: Tennis, Slovenia's Kaja Juvan REUTERS, Tokyo, U.S ., Pan, WTA, Reuters, Thomson Locations: Flushing Meadows , New York, United States, Tokyo, China, Guadalajara, Mexico, Bengaluru

☆ WTA roundup: Top seed Iga Swiatek survives in Tokyo
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

Swiatek rallied from 4-1 down in the first set and squandered a 5-1 lead in the second set before prevailing in just over two hours. 8 seed Veronika Kudermetova of Russia, who defeated Kayla Day 6-3, 6-3 in second-round action at the WTA 500 event. 7 seed Liudmila Samsonova fell in straight sets to fellow Russian Ekaterina Alexandrova, 6-4, 6-2. 1 seed Ons Jabeur of Tunisia eased into the quarterfinals in Ningbo, China, with a 6-3, 6-2 win over Germany's Tamara Korpatsch. 4 Anna Blinkova of Russia 6-3, 3-6, 6-1.

Persons: Iga Swiatek, Slovenia's Kaja Juvan, Brendan Mcdermid, Mai Hontama, Swiatek, Veronika Kudermetova, Kayla Day, Jessica Pegula, Spain's Cristina Bucsa, Liudmila Samsonova, Ekaterina Alexandrova, Germany's Tamara Korpatsch, Jabeur, Russia's Vera Zvonareva, Clara Tauson, Dane, Katerina Siniakova, Linda Fruhvirtova, Anna Blinkova, Lucia Bronzetti, Nadia Podoroska Organizations: Slovenia's Kaja Juvan REUTERS, Pan, WTA, Thomson Locations: Flushing Meadows , New York, United States, Poland, Tokyo, Russia, Ningbo, Jabeur, Tunisia, China, Czech, Romania, Italy, Argentina

☆ The 'Rodeo Capital of Texas' is stuck in a debate over more support for Ukraine and the future of the town's economy
▼ + stars: | 2023-09-13 | by ( Cork Gaines | ) www.businessinsider.com time to read: +3 min

Mesquite, Texas, is set to open a plant to help fill the shortage of Ukraine's most important ammo. However, Mesquite's congressional representative, Lance Gooden, is among GOP reps who want to end US support for Ukraine in its war against Russia. Insider reported Ukraine may be firing more than 5,500 artillery shells daily, creating a global shortage. "What we need most is artillery shells, which are in short supply," Biden told the media. "The first thing on the list was, everywhere, the ammunition," Estonian Prime Minister Kaja Kallas told the media after a meeting with EU leaders and Ukraine President Volodymyr Zelenskyy.

Persons: Lance Gooden, Kevin McCarthy, Gooden, Alexander Helgar, Joe Biden, Biden, Kaja Kallas, Volodymyr Zelenskyy Organizations: GOP, US, Service, The New York Times, Dynamics, Times, Ukraine, Russia, Mesquite Chamber of Commerce, EU Locations: Mesquite , Texas, Ukraine, Wall, Silicon, Dallas, Russia, Mesquite, of Texas, Estonian

☆ Swiatek pulls out of Guadalajara
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +1 min

Swiatek had said she needed a reset after her 75-week run as world number one came to an end. "Unfortunately I need to withdraw from the tournament in Guadalajara due to a change of schedule," Swiatek posted on social media platform X. French Open champion Swiatek, who was set to make her debut in the Sept. 17-23 Guadalajara tournament, said she would return to action in Tokyo at the start of next month. U.S. Open champion Coco Gauff, defending Guadalajara champion Jessica Pegula, 2022 runner-up Maria Sakkari and Tunisia's Ons Jabeur have all entered the Mexico event. Reporting by Shrivathsa Sridhar in Bengaluru; editing by Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

Persons: Iga Swiatek, Slovenia's Kaja Juvan, Brendan Mcdermid, Swiatek, Jelena Ostapenko, Coco Gauff, Jessica Pegula, Maria Sakkari, Shrivathsa Sridhar, Mark Heinrich Our Organizations: Slovenia's Kaja Juvan REUTERS, U.S, Thomson Locations: Flushing Meadows , New York, United States, Guadalajara, Belarus, Tokyo, Mexico, Bengaluru

☆ David Solomon defends his leadership of Goldman Sachs on CNBC. 'I don't recognize the caricature that is painted of me.'
▼ + stars: | 2023-09-07 | by ( Kaja Whitehouse | ) www.businessinsider.com time to read: +3 min

David Solomon took to cable news network CNBC to defend his leadership of Goldman Sachs. The appearance follows a string of new stories questioning his leadership, including a New York magazine article published last month titled "Is David Solomon Too Big a Jerk to Run Goldman Sachs?" Advertisement Advertisement Watch: Here's why this Goldman Sachs investment chief isn't worried about two of the market's biggest fears"I understand why this is interesting and attractive to the media, but it's not what the people of Goldman Sachs are focused on," he said. Asked about his future as a record-spinning DJ, which has also been a focus of some of the criticisms, Solomon replied: "I'm focused on Goldman Sachs." Since taking over as CEO in 2018, Solomon has made a lot of changes, including three reorganizations.

Persons: David Solomon, Goldman Sachs, Insider's Dakin Campbell, Solomon, CNBC's David Faber, Goldman, hasn't, isn't, We're, Lloyd Blankfein Organizations: CNBC, Service, New Locations: Wall, Silicon, New York

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