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☆ The Fed is likely to disappoint markets with just one more rate cut this year amid global inflation, BlackRock CEO says
▼ + stars: | 2024-10-29 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

BlackRock CEO Larry Fink says the Fed will cut rates just once more this year. The market sees two more 25 basis point cuts before the end of the year. AdvertisementThe Federal Reserve will disappoint markets by cutting interest rates just one more time in 2024, BlackRock CEO Larry Fink said. Fink said the Fed will likely cut interest rates by 25 basis points before the end of the year amid a rise in global inflation. The central bank kicked off its easing cycle with a jumbo 50 basis point cut last month.

Persons: Larry Fink, —, Fink, " Fink, we're, Goldman Sachs, Morgan Stanley Organizations: BlackRock, Fed, Service, Reserve, Infrastructure Investment, Jobs Act, U.S . Bureau of Labor Statistics, CNBC Locations: Riyadh, Saudi Arabia

☆ This is Cramer's favorite stock even though it's down 10% since earnings last week
▼ + stars: | 2024-10-29 | by ( Paulina Likos | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Shares of Stanley Black & Decker were pairing some of their post-earnings losses since the Morning Meeting was recorded — down about 9% now. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, Larry Fink, bode, Stanley Black, Decker, Jim, Danaher, Horton, Jim Cramer's Organizations: CNBC, Big Tech, Club, BlackRock, Home, VF Corp, Pfizer, AMD Locations: Riyadh, Saudi Arabia

Washington had pressed its ally in the hopes of ending the cycle of attacks and avoiding escalation into a wider war. Blinken said the U.S. is tracking the aid deliveries very carefully and “absolutely essential” that Israel comply. "Israel has achieved most of its strategic objectives when it comes to Gaza,” Blinken said in Tel Aviv. (It also signed off on $9.5 billion in humanitarian aid for Gaza, as well as the conflict zones of Ukraine and Sudan.) But far-fetched as it might seem, it came up during Blinken’s meeting with the Saudi crown prince during this trip.

Persons: Antony Blinken, Benjamin Netanyahu, it’d, Yahya Sinwar, Isaac Herzog, Nathan Howard, Amos Hochstein, Donald Trump, Netanyahu —, Netanyahu, Blinken, Israel, ” Blinken, “ It’s, Ibrahim Fakhroo, Sinwar, William Burns, Khalil al, “, Saudi Crown Prince Mohammed bin Salman, Joe Biden, Ayman Safadi, we’ve, ” It’s Organizations: State Department, Getty, Israel, Hamas, Trump, Qatar's Ministry of Foreign, CIA, Qatari, Senior, Palestinian Authority, Saudi Crown, U.S, U.S . Locations: United States, Israel, Iran, Washington, Gaza, Egypt, Lebanon, Blinken, Tel Aviv, AFP, U.S, Beirut, Saudi Arabia, Doha, Qatar, Riyadh, Ukraine, Sudan, Saudi, Palestinian, Jordanian, London

☆ Foreign investors flock to flagship Saudi economic conference — but face less free-flowing cash
▼ + stars: | 2024-10-28 | by ( Natasha Turak | ) www.cnbc.com time to read: +6 min

A delegate arrives at the King Abdulaziz Conference Centre in Saudi Arabia's capital Riyadh to attend the Future Investment Initiative (FII) forum. The kingdom's $925 billion sovereign wealth fund, the Public Investment Fund, saw its assets jump 29% to 2.87 trillion Saudi riyals ($765.2 billion) in 2023 — and local investment was a major driver. "Value meaning hiring, developing the asset management ecosystem, creating new products, bringing in talent, and investing in Saudi capital markets also. Oil prices and the Saudi economy appear to so far have stayed largely unscathed, dropping 4% early Monday after Israel's weekend strike on Iran. A key reason for that may be the rapprochement deal the kingdom signed with Iran, brokered by China, in March 2023.watch now

Persons: Nureldine, it's, Omar Yacoub, Yacoub, Fadi Arbid, Brent, Arbid, Yemen's, Israel Organizations: King Abdulaziz Conference Centre, Future Investment Initiative, Afp, Getty, Investment Initiative, CNBC, U.S, ABS Global, Public Investment Fund, Saudi, Saudi Arabia's, Amwal Capital Partners, OPEC, Eastern, Ritz, Carlton, Israel Locations: Saudi Arabia's, Riyadh, Saudi, Saudi Arabia, —, Dubai, Carlton Riyadh, Gaza, Israel, Lebanon, Iran, Tel Aviv, China

☆ Saudi Arabia will reportedly give a select group of visitors a first glimpse of Neom, showing them Sindalah — a luxury island retreat in the Red Sea
▼ + stars: | 2024-10-25 | by ( Nora Redmond | ) www.businessinsider.com time to read: +3 min

Some guests at Saudi Arabia's annual investment conference will have the chance to visit part of Neom. A group of visitors will be taken to Sindalah, an island retreat in the Red Sea, Bloomberg reports. AdvertisementAs guests descend upon Saudi Arabia for a major annual investment conference, some will have the opportunity to see the country's futuristic megacity, Neom, firsthand. Days before the conference begins, a select group of guests has been invited to visit Sindalah Island, per Bloomberg. Sindalah is a luxury island complex in the Red Sea off Saudi Arabia's west coast designed as a "unique escape" for visitors to Neom.

Persons: Neom, —, BlackRock's Larry Fink, Goldman Sachs, David Solomon, Citigroup's Jane Fraser, Julia Hoggett, Ken Griffin, Sindalah, Prince Mohammed bin Salman, Malcolm Aw Organizations: Saudi, Bloomberg, Service, Investment Initiative, London Stock, Solar, Business Locations: Neom, Red, Saudi, Saudi Arabia, Riyadh, Sindalah

☆ Washington’s Arab allies engage with Iran as US efforts to stem Middle East violence falter
▼ + stars: | 2024-10-22 | by ( Mostafa Salem | ) edition.cnn.com time to read: +7 min

Abu Dhabi, UAE CNN —Growing unease over the United States’ inability to de-escalate tensions in the Middle East is prompting some of Washington’s closest Arab allies to significantly increase engagement with its primary regional adversary: Iran. Arab nations that had spent decades brawling with Iran for regional influence are now opting to engage with it again. Despite seeing an opportunity to weaken Iran’s regional influence, Arab nations are now signaling neutrality. “The Gulf (Arab) monarchies’ priority is not to be directly involved in a proper regional conflagration. Still, regional states rely heavily on their military relationship with the US.

Persons: State Anthony Blinken, Yahya Sinwar, Israel, Blinken’s, Hassan Nasrallah, Ismail Haniyeh, Prince Mohamed bin Salman, Ayatollah Ali Khamenei, Hitler, ”, Abbas Araghchi, Jordan’s King Abdullah II, Abdel Fattah Al, ” Araghchi, Crown Prince Sabah, Cinzia Bianco, ” Kuwaiti Crown Prince Sheikh, ” Kuwaiti Crown Prince Sheikh Sabah Khaled Al, Hamad Al, ” Hasan Alhasan, Biden, Benjamin Netanyahu, “, ” Anwar Gargash, Joe Biden’s, Abu, ” Bianco, Jake Sullivan Organizations: UAE CNN, State, Saudi Arabia’s, Iranian, Saudi, Bahraini, Crown, CNN, European Council, Foreign Relations, ” Kuwaiti Crown, Kuwait News Agency, Reuters, Middle, International Institute for Strategic Studies, Israeli, United Arab Emirates, US, US National, Atlantic Festival Locations: Abu Dhabi, UAE, United States, Washington’s, Iran, Republic, Israel, Gaza, Lebanon, Tehran, Riyadh, Tehran’s, Amman, Egypt, Abdel Fattah Al Sisi, Cairo, Doha, Muscat, Manama, Crown Prince, Crown Prince Sabah Al, Sabah, Kuwait City, Islamic Republic, ” Kuwaiti Crown Prince Sheikh Sabah, Bahrain, Saudi Arabia, Saudi, Washington, Yemen, China, Washington ,

☆ Iran aided Russia against Ukraine. Now it needs to call in the favor
▼ + stars: | 2024-10-21 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

Russia is unlikely to offer military intervention against Israel on behalf of the Iranians, Saab said, given it is already "too bogged down in Ukraine." In return for Iran's support, Russia has bolstered Iran's military capabilities in several areas, they noted: "Iran has made notable progress in acquiring advanced conventional weaponry from Russia, allowing it to achieve some of its defense officials' long-standing goals. Iranian protesters shout anti-Israeli slogans while burning an Israeli flag in a celebration for Iran's missile attack against Israel, in Tehran, Iran, on October 1, 2024. That shared antipathy toward the U.S. and desire to create a "new world order" are what largely binds Iran and Russia. Russia cannot — and will not — save Iran in its confrontation with Israel and the United States," he noted.

Persons: Vladimir Putin, Masoud Pezeshkian, Israel, Bilal Y, They've, Saab, It's, Karim Sadjadpour, Nicole Grajewski, Su, John Kirby, Morteza, Mikhail Svetlov, Bashar al, Nikita Smagin, Saudi Arabian Crown Prince Mohammed bin Salman Organizations: Getty, CNBC, Saab, North Africa, Israel, Kremlin, Carnegie Endowment, International Peace, Security, Ukraine, Nurphoto, United, Base, Russian International Affairs Council, Saudi Arabian Crown, Royal, Anadolu Locations: Ashgabat, Turkmenistan, Iran, Ukraine, Tehran, Russia, Islamic Republic, East, United States, Russian, U.S, Ukrainian, Gaza, Lebanon, Israel, Iranian, Yemen, Syria, Saudi Arabia, United Arab Emirates, Syria's, Moscow, Saudi, Al Yamamah, Riyadh

☆ Francis Ngannou on his return to MMA following the death of his 15-month-old son
▼ + stars: | 2024-10-18 | by ( Patrick Snell | ) edition.cnn.com time to read: +7 min

Ngannou will do so though against a backdrop of unspeakable tragedy following the death earlier this year of his beloved 15-month-old son Kobe. “The best way to pay tribute to him, to honor him, is to do something positive. Cooper Neill/Getty ImagesThis will be the African star’s first MMA fight since 2022. “I’m looking to get back into MMA because, regardless of how I enjoy boxing, I do miss MMA. Francis Ngannou knocks down Tyson Fury during their heavyweight fight at Boulevard Hall on October 28, 2023, in Riyadh, Saudi Arabia.

Persons: Francis Ngannou, Renan Ferreira, “, ” Ngannou, Ferreira, Cooper Neill, Ngannou, Tyson Fury, Fury’s, Anthony Joshua, I’ve, It’s, ”, ” Francis Ngannou, Joel Sagat, –, Stipe Miocic, Justin Setterfield, It’s what’s Organizations: CNN, UFC, Professional Fighters League, CNN Sport, Giants, Washington DC, Getty, Hall, “ Locations: Saudi Arabia, Riyadh, Ngannou, Kobe, Washington, Cameroon, America, Paris, Spain, Gibraltar, AFP, American

☆ Saudi Arabia’s coveted Masters 1000 tennis tournament has stalled as Six Kings arrives in Riyadh
▼ + stars: | 2024-10-16 | by ( Matthew Futterman | ) www.nytimes.com time to read: +11 min

After years of pushing, everything looks ready for Saudi Arabia’s billion-dollar move to become a major force in tennis to take off — with one major hitch. The Ministry of Sport of Saudi Arabia, the Saudi Tennis Federation (STF) and the WTA Tour then announced a three-year deal to host the tour finals. These moves raised Saudi Arabia’s tennis profile, but its potential new tournament at the start of the season was seen as the most important of its tennis investments — and its most divisive. It would cement Saudi Arabia’s place at the center of the sport, bringing with it an extensively criticized human rights record. Saudi Arabia’s moves into tennis have roiled the organisations behind the Grand Slam tournaments.

Persons: Carlos Alcaraz, Rafael Nadal, Daniil Medvedev, Holger Rune, —, Novak Djokovic, Turki Alalshikh, Rome —, ”, Nadal, Sinclair, Chris Evert, Martina Navratilova, “, Jamal Khashoggi, Henry Nicholls, Iga Swiatek, Adam Pretty Organizations: St, Saudi Arabia’s General Entertainment Authority, WTA, Saudi, ATP, Public Investment Fund, SURJ Sports Investment, U.S ., ”, Sport, Saudi Tennis Federation, WTA Tour, Sinclair, Tennis, Rights Watch, Athletic, Wimbledon, Getty, Australia, Tennis Australia, Laver Locations: Hotel, Riyadh, Saudi, Jeddah, Saudi Arabia, U.S, Indian Wells, Madrid, Rome, provisionality, PIF, Istanbul, Turkey, Australia, New Zealand

☆ Aryna Sabalenka defeats home favorite Zheng Qinwen to win third straight Wuhan Open title
▼ + stars: | 2024-10-14 | by ( Matias Grez | ) edition.cnn.com time to read: +2 min

CNN —Aryna Sabalenka secured her third straight Wuhan Open title with a hard-fought victory over Zheng Qinwen on Sunday. In a rematch of this year’s Australian Open final, the world No. 2 defeated home favorite Zheng 6-3, 5-7, 6-3 to pick up her second WTA 1000 title of the season and the seventh of her career. Sabalenka, the first player to win the Wuhan Open three times, extends her unbeaten run at the tournament to 17-0 while improving to 4-0 in her head-to-head against Zheng. “I felt like I just lost a little bit of focus and I let her come back in the match,” Sabalenka said, per the WTA.

Persons: Aryna Sabalenka, Zheng Qinwen, Zheng, Sabalenka, “, ” Sabalenka, Wuhan “, ” Zheng, Li, Iga Organizations: CNN, Wuhan, Australian, WTA Locations: China, Wuhan, Paris, Cincinnati, Riyadh, Saudi Arabia

☆ How Saudi Arabia could create a crisis for Russia's economy
▼ + stars: | 2024-10-13 | by ( Filip De Mott | ) www.businessinsider.com time to read: +5 min

One analyst suggests the market could see a repeat of the 2020 oil price war. AdvertisementRussia's wartime economy could face a tougher time securing needed oil revenue if Saudi Arabia tanks global crude prices. "Saudi Arabia is fed up," Simon Henderson, director of the Bernstein Program on Gulf and Energy Policy at The Washington Institute, told Business Insider. However, some kind of confrontation with Saudi Arabia may be stirring. "Unlike Saudi Arabia, its oil is not cheap to extract, making it poorly equipped to deal with low-price conditions.

Persons: —, Luke Cooper, hasn't, Simon Henderson, Bernstein, it's, Henderson, Vladimir Putin, Alexander Novak, Cooper Organizations: Service, Organization of Petroleum, Russia, London School of Economics, Financial Times, Gulf and Energy, The Washington Institute, OPEC Locations: Saudi Arabia, Russia, Riyadh, Ukraine, Gulf, Moscow, Iran, Kazakhstan

☆ Iran is threatening to break its fragile truce with Saudi Arabia: reports
▼ + stars: | 2024-10-11 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

Iran has threatened to attack Saudi oil sites if the Gulf state supports an Israeli attack. AdvertisementThe fragile truce between longtime regional rivals Iran and Saudi Arabia could unravel if Gulf states allow Israel to use their airspace to strike Iran. He reportedly told the officials that Iranian-backed militias in Iraq or the Houthi militia in Yemen could be deployed against Saudi Arabia. It named Jordan, the United Arab Emirates, Saudi Arabia, and Qatar, all of which host US military bases, as countries Iran has threatened with reprisals. GetyAn Iranian attack would likely upend the truce brokered between Iran and Saudi Arabia by China in 2023 that saw the longtime rivals establish diplomatic contacts.

Persons: Abbas Araghchi, —, Ali Shihabi, Jordan, Naftali Bennet, they'd, Mohammed bin Salman's, may've, hasn't, Brent, Vladimir Putin's Organizations: Iranian Foreign Affairs, Reuters, Service, Iran, Foreign, Saudi, Street, United Arab, Hamas, European Council for Foreign Relations, Opec Locations: Iran, Saudi, Saudi Arabia, Israel, Riyadh, Islamic Republic, Iraq, Yemen, United Arab Emirates, Qatar, Lebanon, Syria, Gulf, Iranian, China, Ukraine

Hezbollah has also been accused of obstructing the election of a new president, leaving Lebanon leaderless for the past two years. A pro-Iranian Hezbollah supporter holds up a poster of assassinated Hezbollah leader Hassan Nasrallah in Beirut, on Thursday. While some Lebanese believe Hezbollah hijacked Lebanon’s political system, it also held it up. Lebanon has already suffered a year of lower-level fighting between Israel and Hezbollah along its southern border. But Lebanese political leaders are still relishing Hezbollah’s decline, he said, even some among the group’s Shia Muslim co-religionists.

Persons: Hassan Nasrallah, ” Fouad Siniora, ”, Rafik Hariri, Marwan Naamani, Sarah Zaaimi, Firas Maksad, “, ” Maksad, Nabih Berri, Jeffrey Feltman, Berri, Israel –, ” Ibrahim Moussawi, —, Siniora Organizations: NBC News, United, Getty, Hezbollah, Hariri, & Middle, Middle East Institute, WikiLeaks, Security, Keystone, —, The Washington Institute Locations: BEIRUT, Lebanon, Israel, Beirut, Iran, United Nations, Lebanese, Syria, AFP, Washington, U.S, Paris, Tehran, Riyadh, Jerusalem, “

☆ $100 oil could be the October surprise no one wanted
▼ + stars: | 2024-10-03 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

New York CNN —The Middle East is in chaos, and the oil market is remarkably calm about it. The chill reaction in the oil market reflects a boy-who-cried-wolf mindset that has set in. Even just two years ago, oil prices skyrocketed to $130 a barrel in March 2022 after Russia invaded Ukraine. Oil prices skyrocketed in 2019 when Saudi oil facilities were damaged in an attack that US officials blamed on Iran. A disruption in the Strait of Hormuz could send oil prices above $100 a barrel, according to ClearView.

Persons: ”, Bob McNally, “, It’s, McNally, George W, Bush, Israel, ” Helima, Joe Biden, Croft, internationalize, Kevin Book, ClearView, it’s, Biden Organizations: New, New York CNN, Investors, Rapidan Energy Partners, Israel, RBC Capital Markets, CNN, CIA, ClearView Energy Partners, International Energy Agency, RBC, Strategic Petroleum Reserve, Citigroup, Citi Locations: New York, Iran, China, OPEC, Saudi Arabia, Russia, United States, ” Helima Croft, Ukraine, Israel, Saudi, Strait, Hormuz, Riyadh, Persian

☆ Oil prices could surge 161% if Middle East conflict wipes out Iran's energy infrastructure, commodity chief says
▼ + stars: | 2024-10-03 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Oil prices could surge past $200 a barrel if Iran's oil installations are taken offline, a chief commodities expert said. AdvertisementOil prices could roar past $200 a barrel if escalating tensions in the Middle East decimate Iran's crude output, a chief commodities analyst told CNBC. In the $200 per barrel scenario, Brent crude, the international benchmark, would gain 161% from its current price. Still, some investors are betting on the possibility of damaged oil output, Bloomberg reports. These restrictions were introduced to prop up oil prices, but have cost the alliance market share.

Persons: —, SEB's Bjarne Schieldrop, Schieldrop, Brent, Bob McNally, haven't Organizations: Service, CNBC, Traders, Bloomberg Locations: Iran, Hormuz, Israel, Lebanon, Libya, OPEC, Saudi Arabia, Riyadh

☆ Adam Neumann's new startup is reworking WeWork's old business model
▼ + stars: | 2024-10-03 | by ( Grace Eliza Goodwin | Geoff Weiss | ) www.businessinsider.com time to read: +6 min

Workflow has a different business strategy than Neumann's previous company, Bloomberg reports. Neumann told the outlet that investors at Andreessen Horowitz will help keep him disciplined. Ben Bergman/BI"The lack of community and the disconnection that people feel is even more relevant today" than in the days of WeWork, Neumann told Bloomberg of Workflow. Neumann says he's learned his lessonCritics didn't just zero in on WeWork's business model but also on Neumann's management. We're really not sure that we know the answer, therefore we're taking our time," Neumann told Bloomberg.

Persons: Adam Neumann, Neumann, Andreessen Horowitz, —, WeWork, he's, WeWork's, Insider's Ben Bergman, Ben Bergman, Justin Sullivan, Ben Horowitz, Marc Andreessen, Andreessen, Noam Galai, TechCrunch Neumann, We're Organizations: Bloomberg, Service, Fort, Business, Flow, TechCrunch Locations: Fort Lauderdale, Miami, Atlanta, Nashville, Riyadh, Saudi Arabia, WeWork's

☆ Saudi minister says crude prices could fall 33% if OPEC members don't stop pumping so much
▼ + stars: | 2024-10-02 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Saudi Arabia's oil minister says crude prices could fall as low as $50 per barrel. AdvertisementSaudi Arabia's oil minister says oil prices could fall as low as $50 per barrel if OPEC+ keeps overproducing, according to a Wall Street Journal report. $50 per barrel oil would drag Brent crude, the international benchmark, down 33% from current levels. The Saudi minister called out Iraq, which surpassed its quota by 400,000 barrels per day in August, according to S&P Global Ratings data. The OPEC leader caused prices to fall below $10 per barrel in 1986 after boosting output to penalize other producers.

Persons: —, Prince Abdulaziz bin, Brent, That's Organizations: Service, Wall, Financial Times, OPEC Locations: Saudi, Lebanon, Iran, Kazakhstan, Riyadh, Iraq, Saudi Arabia, OPEC

☆ Masayoshi Son is the $100 billion gambler who went from dirt track to tech titan — and he isn't done betting yet
▼ + stars: | 2024-09-28 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +14 min

SoftBank founder Masayoshi Son has spent his life putting bold bets on the future of technology. SoftBank, the media-technology conglomerate Son founded two decades prior, was riding high on the glory it attained in the dot-com boom. He was told he was special," Barber told BI. "He wants to be seen as the great modernizer transforming this petrostate into a truly modern economy where technology is at the forefront," Barber told BI. But as previous cycles in Son's life dictate, the flurry of enthusiasm is typically followed by failure.

Persons: Masayoshi Son, Lionel Barber, —, Son, Bill Gates, Masa —, Uber, Barber, Vladimir Putin, Barack Obama, — he's, Jack Ma's Alibaba, Wang, he's, Napoleon Bonaparte, Genghis Khan, Qin Shi Huang, Emperor of, Microsoft's Gates, Jordan Strauss, Mitsunori, SoftBank, Rupert Murdoch, Larry Ellison, Jack Welch, Steve Jobs, Masayoshi, Justin Sullivan, Rajeev Misra, Nikesh Arora, Phil McCarten, Abu Dhabi's Mubadala, Mohammed bin Salman, Saudi, Michael Moritz, Kim Jong, Adam Neumann, Donald Trump, Wirecard, Jesus, NurPhoto, He's, Allen Lane Organizations: Service, Financial Times, Kremlin, Yahoo, Popular Electronics, Vision, Deutsche Bank, Google, Reuters, Saudi Arabia's Public Investment Fund, Vision Fund, Valley's, Sequoia Capital, Greensill, Nvidia, Signal Publishers Locations: Tokyo's Roppongi, Japan, Masayoshi, Washington, Wayne, Emperor of China, Kyushu, United States, Riyadh, Berkeley, Las Vegas

☆ Podcast: How pro video gaming, or esports, is taking off with big dollars behind it
▼ + stars: | 2024-09-26 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +25 min

Finally, and most importantly, for the subject for this week's podcast, he's the Esports World Cup CEO. So if I would have any idea, any understanding on video games, right, I would watch that too. There's always a clear qualifying way to go to the Esports World Cup, right? I mean, in stadiums, security is being paid by the state for big competition, like a World Cup, right? Arjun KharpalAnd Ralf are you likely to keep the Esports World Cup in Saudi if you renew this next year?

Persons: Ralf Reichert, CNBC's, Tom Chitty, Reichert, Paris, Ralf Reichart, you've, it's, Arjun Kharpal Ralf, I've, I'd, There's, Arjun Kharpal, we're, haven't, Ralf Reichart It's, what's, Tom Chitty Ralf, What's, I'm, esports, we've, We've, Ralf, Ralf Reichart I'd, that's, Arjun, Tom, we'll Organizations: Sports League Gaming, MLS, Premier League, esports, Saudi Locations: esports, Riyadh, Saudi, German, Gothenburg, Sweden, Bangladesh, China, East, Africa, Saudi Arabia

☆ Why oil prices have plunged 3% today
▼ + stars: | 2024-09-26 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Saudi Arabia is committed to boosting oil output in December, the FT reported. The kingdom is resigning itself to a period a lower prices, sources told the FT.Oil markets spiraled on the news, falling as much as 4% on Thursday. AdvertisementA report that Saudi Arabia would ditch its unofficial crude price target sent crude oil prices sharply lower on Thursday. In essence, the kingdom is giving in to lower prices, FT sources said. The eastern-based faction has committed to reopening the country's oil fields in response, a move that could bring more crude output back online.

Persons: —, Brent Organizations: FT ., Service, Financial Times, West Texas Intermediate, Saudi, Bloomberg Locations: Saudi Arabia, Riyadh, Iraq, Kazakhstan, China, Libya

☆ Eddie Hearn: Boxing promoter predicts possible 2025 clash between Anthony Joshua and Tyson Fury
▼ + stars: | 2024-09-21 | by ( Ben Morse | Amanda Davies | ) edition.cnn.com time to read: +4 min

CNN —Two of British boxing’s biggest names in recent years – Anthony Joshua and Tyson Fury – have seemed destined to face off for a while now. But the plan has always been to see Anthony Joshua become undisputed,” Hearn told CNN’s Amanda Davies. “I mean, is there a person in the world who doesn’t want to see Tyson Fury fight Anthony Joshua? Richard Pelham/Getty Images“And I don’t think AJ can retire, I don’t think Fury can retire, I don’t think I can retire either until we get those two in the ring. “As he’s now 34, he’s long in the game, he’s very experienced, I don’t think he’s afraid to let people know how desperately he wants to win.

Persons: – Anthony Joshua, Tyson Fury –, Daniel Dubois, Eddie Hearn, Joshua, Dubois, Fury, Oleksandr Usyk, Hearn, we’ll, Anthony Joshua, ” Hearn, CNN’s Amanda Davies, Tyson Fury, Turki Al, AlShaikh, Richard Pelham, AJ, Dubois . Dubois, –, Filip Hrgović, Liam Gallagher, Noel, Hearn didn’t, Wladimir Klitschko, – Hearn, he’s, “ Organizations: CNN, British, IBF, Wembley, CNN Sport, Saudi Arabia’s General Entertainment Authority, Getty Locations: Riyadh, Dubois ., Usyk, British

☆ I'm a retired pilot who worked for royalty. I had no idea how the rich spent their money.
▼ + stars: | 2024-09-19 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

Read previewThis as-told-to essay is based on a conversation with Kent Davis, a retired Air Canada pilot with more than 40 years of experience. AdvertisementA prime minister, movie stars, and royaltyIn 1972, I joined Air Canada and spent 33 years flying for them. In 2005, I retired from Air Canada and was hired by Prince Alwaleed Bin Talal, a Saudi prince based in Riyadh. Kent Davis flew Prince Al Waleed bin Talal (pictured) and his family around the world. I'm mostly retired now, except for some consulting work with my company, Trans Global Aviation Solutions.

Persons: —, Kent Davis, Prince Alwaleed Bin Talal, Prince Al Waleed bin Talal, CHRISTOPHE ENA, George W, Bush, I'm Organizations: Service, Air Canada, Business, Aviation, Royal Canadian Navy, Navy, Airbus, Boeing, Air India, Trans Global Aviation Solutions Locations: Montreal, Saudi, Riyadh, New York, Republic of Georgia, Greater Caucasus

☆ 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

Below, we've compiled everything you need to know about how to watch UFC 306, including options from around the world. Whether you've never missed a UFC event or you're trying to tune in for the first time, we've got you covered. How to watch UFC 306 in the USUFC 306 is available through ESPN Plus in the US. Check price at ESPNHow to watch UFC 306 everywhere elseIn the UK, you can watch UFC on TNT Sports through Discovery Plus. For the first time ever, a UFC event will be held at the MSG Sphere in Las Vegas, Nevada.

Persons: Sean O'Malley, Merab Dvalishvili, O'Malley, Dvalishvili, Alexa Grasso, Valentina Shevchenko, you've, we've, ExpressVPN, Prelims, Brian Ortega, Diego Lopes, Daniel Zellhuber, Esteban Ribovics, Ronaldo Rodriguez, Osbourne, Irene Aldana, Norma Dumont, Manuel Torres, Ignacio Bahamondes, Yazmin, Ketlen Souza, women's, Edgar Chairez, Kevin Borjas, Raul Rosas Jr Organizations: Business, Noche, UFC, ESPN, TNT, UK, ESPN Plus, TNT Sports, Discovery, & Company, Phish Locations: Riyadh, Canada, Las Vegas , Nevada

☆ Saudi Arabia expects to get advanced Nvidia chips "within next year"
▼ + stars: | 2024-09-13 | 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 EmailSaudi Arabia expects to get access to Nvidia's high performance chips "within the next year"Abdulrahman Tariq Habib, Deputy CEO of Strategy Management Office at the Saudi Data and AI Authority, speaks to CNBC's Dan Murphy at the Global AI summit in Riyadh.

Persons: Abdulrahman Tariq Habib, CNBC's Dan Murphy Organizations: Saudi, Strategy Management, AI Authority Locations: Saudi Arabia, Riyadh

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