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☆ Iran, Saudi Arabia, Others Invited to Join Brics Group
▼ + stars: | 2023-08-24 | by ( Alexandra Wexler | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Locations: iran, saudi, arabia

☆ Brics Nations at Odds Over Adding to Their Number
▼ + stars: | 2023-08-21 | by ( Alexandra Wexler | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/brics-nations-at-odds-over-adding-to-their-number-63d2dd06

Persons: Dow Jones

☆ Opinion: A powerful weapon for prosecutors is now in the hands of Fani Willis
▼ + stars: | 2023-08-20 | by ( Richard Galant | ) edition.cnn.com time to read: +18 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. In the US, prosecutors are given enormous power to apply the law as they see fit, choosing who to charge and what to charge them with. Evidence of their misdeeds can secure convictions and allow for strict sentences that otherwise couldn’t be imposed. Bill Bramhall/Tribune Content AgencyThe 97-page indictment unveiled by Willis last week cites a lot more evidence than could be arrayed against a sandwich served at lunch. “We are the chief law enforcement officers in each jurisdiction, with the weighty power to deprive others of their freedom,” Aronberg observed.

Persons: CNN — Caesar Enrico “ Rico ” Bandello, Caesar, ”, Edward G, Robinson, Rico, Rudolph Giuliani, Fani Willis, Willis, Giuliani, Donald Trump, Sol Wachtler, Bill Bramhall, Jennifer Rodgers, “, Trump, Ruby Freeman, Shaye Moss, Dave Aronberg, Attorney Alvin Bragg, Aronberg, Jack, Smith, ” Aronberg, Trump Walt Handelsman, James Antle III, ” Antle, ” Trump, Biden, Dean Obeidallah, Clay Jones, Tucker Carlson, Ron DeSantis, Lanhee Chen, Joe Biden, DeSantis, David Axelrod, Axelrod, Vivek Ramaswamy, Rich Lowry, “ Ramaswamy, … ”, Lowry, ” Carrie Sheffield, ” Lisa Benson, GoComics.com, ‘, Julian Zelizer, Jeff Zelevansky, Sandra Bullock, Leigh Anne Tuohy, Jill Filipovic, “ it’s, Michael Oher, Sean, Leigh Anne Tuohy —, … Oher, …, Facebook Filipovic, “ Oher, ” Bradley Cooper’s, ’ “, Leonard Bernstein —, Bradley Cooper, ’ —, David M, Perry, Bernstein, Felicia Montealegre, Carey Mulligan, Cooper, ‘ Maestro, ’, Joel Pett, Agency “, Celia Wexler, Joan Meyer, ” Wexler, Don’t, Ric Ward, Sigrid Fry, Alden Wicker, Jay Michaelson, Al Gore, Lauren Hersh, Rebecca Zipkin, David Andelman, Africa —, Michael Coren, Elsie Robinson, UC Berkeley Elsie Robinson, “ Robinson, Allison Gilbert, ” Gilbert, — Organizations: CNN, ”, New, Appeals, New York Daily News, Department, Electoral, Palm, Manhattan, Attorney, “, White House, of Justice, Trump, Agency, GOP, Republicans, Florida Gov, Republican, Fair, Politico, Hawaii, Federal Emergency Management Agency, FEMA, NFL, Oher, Twitter, Netflix, Rican, ” Press, Marion County, Russia, Hearst, San Francisco Examiner, Bancroft Library, UC Berkeley, Google, Smithsonian Locations: Rico, Fulton County, Atlanta, county’s, Georgia, Coffee County, Palm Beach County , Florida, “, Milwaukee, Iowa, GoComics.com Maui, Maui, Delaware, Hawaii, Tennessee, Costa, Rican American, Marion, The Kansas, Revere, Africa

☆ Race to Control Electric-Vehicle Supply Chains Leads to Africa
▼ + stars: | 2023-08-16 | by ( Alexandra Wexler | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/race-to-control-electric-vehicle-supply-chains-leads-to-africa-5e5437b

Persons: Dow Jones Locations: africa

☆ Dimon says Jeffrey Epstein lawsuits have impacted JPMorgan brand, and he is sorry for having him as a client
▼ + stars: | 2023-08-02 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

JPMorgan Chase CEO Jamie Dimon told CNBC on Wednesday that lawsuits against the giant bank related to its former client, the sex offender Jeffrey Epstein, have impacted its brand equity "a little bit." I wish we hadn't," Dimon told CNBC's Leslie Picker. The Virgin Islands accuses JPMorgan of retaining Epstein as a client despite multiple red flags being raised internally about him over the years. "We would never have continued to do business with him if we believed he was engaged in an ongoing sex trafficking operation," Wexler said. Epstein, 66, killed himself in a Manhattan federal jail in August 2019, a month after he was arrested on child sex trafficking charges.

Persons: Jamie Dimon, Jeffrey Epstein, Dimon, CNBC's Leslie Picker, Epstein, Virgin, Patricia Wexler, Wexler Organizations: JPMorgan, CNBC, New, U.S ., Virgin Islands Locations: New York, U.S, U.S . Virgin, Florida, Manhattan

☆ This Western Investor Plans to Stick to China Despite Global Tensions
▼ + stars: | 2023-07-17 | by ( Alexandra Wexler | Raffaele Huang | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/prosus-tencents-biggest-shareholder-is-sticking-to-china-18a39779

Persons: Dow Jones

☆ U.S. Virgin Islands seeks at least $190 million from JPMorgan Chase in Jeffrey Epstein case
▼ + stars: | 2023-07-14 | by ( Dan Mangan | ) www.cnbc.com time to read: +6 min

The government of the U.S. Virgin Islands in a court filing Friday estimated that it will seek damages of at least $190 million from JPMorgan Chase in a lawsuit accusing the big bank of facilitating sex trafficking by its former long-time customer Jeffrey Epstein. The Virgin Islands also said it wants an order requiring JPMorgan to take a series of steps to protect young women and girls from other predators in the future. The filing says the Virgin Islands wants at least $150 million in civil penalties alone. JPMorgan in its own court filings has accused the Virgin Islands itself of being "complicit in the crimes of Jeffrey Epstein." Last month in the same court where the Virgin Islands is suing the bank JPMorgan agreed, without admitting wrongdoing, to pay $290 million to victims of Epstein to settle a suit by one of his accusers.

Persons: Jeffrey Epstein, Epstein, Jed Rakoff, Jeffrey Epstein's, JPMorgan Chase, Ariel Smith, Smith, Patricia Wexler, JPM, Virgin, Sergey Brin, Bill Gates, Lex Wexner, Glenn Dubin, Donald Trump, Bill Clinton, Prince Andrew of Great Organizations: New York State Division, Criminal, Services, Reuters, U.S . Virgin, JPMorgan Chase, Virgin, JPMorgan, Virgin Islands, Google, Microsoft, Limited Brands, Deutsche Bank, New York state's Department of Financial Services Locations: U.S, Manhattan, United States, Virgin, Eastern, Prince Andrew of Great Britain, Florida, New York

☆ Diamond Giant De Beers to Let Botswana Keep Half of Production
▼ + stars: | 2023-07-03 | by ( Alexandra Wexler | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/diamond-giant-de-beers-to-let-botswana-keep-half-of-production-110d3570

Persons: Dow Jones Locations: botswana

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/mineral-rich-developing-nations-demand-bigger-piece-of-the-ev-pie-d1421603

Persons: Dow Jones

☆ 'Lots of smoke. Lots of questions': Internal emails show JPMorgan Chase execs worried about the bank's ties to Jeffrey Epstein. So why did it take so long to cut him loose?
▼ + stars: | 2023-06-23 | by ( Kaja Whitehouse | Emmalyse Brownstein | ) www.businessinsider.com time to read: +29 min

That, of course, is the billion-dollar question: What did JPMorgan, America's largest bank, know about Epstein's alleged sex trafficking? Today, banks have entire departments dedicated to tracking client activity and flagging suspicious behavior. Lots of questions'The fuss JPMorgan compliance officers raised about Epstein in 2011 was extensive. Lots of questions," declared a senior JPMorgan compliance officer reviewing Epstein's accounts as part of that 2011 compliance review, according to court papers filed by the US Virgin Islands. Staley sent Epstein internal JPMorgan documents and relied on him for guidance on an array of business and personal dealings, the JPMorgan internal report shows.

Persons: —, Morgan Stanley, Lehman Brothers —, Jamie Dimon, Jeffrey Epstein, Leon Black, Bill Clinton, Donald Trump, Epstein, Jes Staley, Staley, Jeffrey Epstein's, Michelle Licata, Courtney Wild, Stephanie Keith, Jane Doe, JP Morgan —, Epstein —, jes staley, Patricia Wexler, Wexler, Dimon, Barry Krischer, JPMorgan, Ghislaine Maxwell, Rod Stewart, Cipriani, Joe Schildhorn, Patrick McMullan, Frank Haberstroh, Haberstroh, Les Wexner, Wexner, Tom Williams, JP Morgan, Little, Little Saint James, Epstein's, Jim Spellman, Staley didn't, Morgan, James, Emily Michot, Bill Gates, Larry Summers, Woody Allen, Stephen Cutler, Cutler, Mary Erdoes, Erdoes, Youngbee Dale, Dale, JPMorgan Chase, Michael M, NYDFS, Bernie Madoff, Cecile de Jongh, Joe Shmoe, Jacob Shamsian Organizations: JPMorgan, Highbridge Capital Management, Citigroup, Lehman Brothers, titans, Apollo, US, US Virgin Islands, Bloomberg TV, Financial, US Department of, Treasury, Getty, BSA, Polaris Market Research, United Nations University Centre, M2C Model, Palm, JPMorgan Chase, Washington D.C, Inc, Apollo Global Management, The New York Times, Little Saint, Virgin, U.S ., Miami Herald, Tribune, Service, Microsoft, Columbia University, Mountain Capital, DOJ, New, Deutsche Bank, New York Department of Financial Services, Virgin Islands, Barclays, Authority, Wall Street Journal Locations: York, Manhattan, New York, US Virgin, dimon, Palm Beach , Florida, New York City, UN, Paris, Washington, Prague, thomas, Wexner, Little Saint, I'm, Little St, U.S, U.S . Virgin Islands, Staley, Dimon's, Virgin, British

☆ JPMorgan Chase's drawn-out breakup with Jeffrey Epstein
▼ + stars: | 2023-06-23 | by ( Kaja Whitehouse | Emmalyse Brownstein | ) www.businessinsider.com time to read: +29 min

Several months later, in October 2006, JPMorgan categorized Epstein as a "high-risk" client, according to a transcript of Dimon's deposition in May. Today, banks have entire departments dedicated to tracking client activity and flagging suspicious behavior. Lots of questions'The fuss JPMorgan compliance officers raised about Epstein in 2011 was extensive. A 'faithless servant'One person who might know much more about the tangled relationship between Epstein and JPMorgan is Jes Staley. Staley sent Epstein internal JPMorgan documents and relied on him for guidance on an array of business and personal dealings, the JPMorgan internal report shows.

☆ SEC fines JPMorgan subsidiary for deleting 47 million emails, some related to subpoenas
▼ + stars: | 2023-06-22 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

The Securities and Exchange Commission fined the broker-dealer subsidiary of JPMorgan Chase $4 million for accidentally deleting about 47 million emails from early 2018, according to an administrative order Thursday. Some of those deleted emails were sought by subpoenas in at least a dozen regulatory investigations, but could no longer be retrieved, the SEC order against J.P. Morgan Securities LLC noted. Many of the emails were "business records required to be retained pursuant" to federal securities law, the order said. The firm had submitted a settlement offer in anticipation of administrative proceedings related to the deletions, and the SEC accepted that offer. In its order Thursday, the SEC noted JPMorgan in 2016 began a project "to delete from its system older communications and documents no longer required to be retained."

Persons: Morgan Chase, J.P, Morgan Securities, Patricia Wexler Organizations: The Securities, Exchange Commission, JPMorgan Chase, SEC, J.P, Morgan Securities LLC, Chase, Morgan, JPMorgan, Bloomberg, Commission Locations: Park Avenue, Midtown, Manhattan , New York

☆ What Tesla’s EV charging win really means for drivers
▼ + stars: | 2023-06-15 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +8 min

A Tesla charging station stands in a parking lot on January 17, 2023 in Springfield, Virginia. But other EV charging companies have, so far, faced a far greater reliability challenge than Tesla’s. It’s an integrated system and has been from the very beginning,” said Jim Burness, chief executive of National Car Charging, a wholesaler of equipment to the EV charging industry. In both cases, drivers will be able to access Tesla chargers without having to use Tesla apps. That could lead to more lines at Tesla chargers, irritating Tesla owners.

Persons: Tesla, Anna Moneymaker, Stephanie Brinley, Jon McNeill, ”, “ Tesla, Jim Burness, Justin Sullivan, Alan Wexler, “, ” Wexler, Dan Barbossa, CNN’s, Mark J, Terrill, they’re, you’re, Brendan Jones, Blink, Burness, “ That’s, Stephen Beck, Gary Silberg Organizations: CNN, P Global Mobility, Ford, General Motors, EV, GM, Nissan, Tesla, DVx Ventures, CNN Business, Detroit, CCS, KPMG Locations: United States, Springfield , Virginia, America, San Francisco , California, Westlake, Calif

☆ Watch: Senate Passes Bill to Suspend the Debt Ceiling, Avoid Default
▼ + stars: | 2023-06-02 | by ( ) www.wsj.com time to read: 1 min

Big Tech Relies on Outsourcing. Facebook content moderators hired by a third-party contractor in Kenya are suing over working conditions. The contractor involved denies the allegations and Facebook parent Meta is arguing it shouldn’t be involved in the lawsuit. The outcome of this case and two others could have a profound impact on big tech and the industry’s outsourced workforce. WSJ South Africa-based business reporter Alexandra Wexler joins host Zoe Thomas to explain.

Persons: shouldn’t, Alexandra Wexler, Zoe Thomas, Daniel Irungu Organizations: Tech, Facebook, Meta, WSJ Locations: Africa, Kenya

☆ Satellite Images Reveal Russian Defenses for Ukraine Counteroffensive
▼ + stars: | 2023-06-02 | by ( ) www.wsj.com time to read: 1 min

Persons: shouldn’t, Alexandra Wexler, Zoe Thomas, Daniel Irungu Organizations: Tech, Facebook, Meta, WSJ Locations: Africa, Kenya

☆ Watch: Biden Falls at U.S. Air Force Academy Commencement
▼ + stars: | 2023-06-01 | by ( ) www.wsj.com time to read: 1 min

Persons: shouldn’t, Alexandra Wexler, Zoe Thomas, Daniel Irungu Organizations: Tech, Facebook, Meta, WSJ Locations: Africa, Kenya

"In the documents, Staley said that Dimon communicated with him when Epstein was arrested in 2006 and in 2008 when Epstein pleaded guilty" to a sex crime in Florida, The Journal reported. "Staley also said that Dimon communicated with him various times about whether to maintain Epstein as a client through 2012," according to The Journal. The Journal also reported that it had seen documents indicating that Dimon and Staley had a meeting scheduled with Epstein on March 2, 2010. JPMorgan told that newspaper that Dimon did not attend that meeting, and that it was not on the CEO's calendar. Dimon was deposed on Friday for two civil lawsuits in U.S. District Court in Manhattan against the bank accusing JPMorgan of enabling and financially benefitting from sex trafficking by Epstein.

Persons: Jamie Dimon, Al Drago, JPMorgan Chase, Jeffrey Epstein —, Jes Staley, Patricia Wexler, –, hasn't, Wexler, Staley, Wexler's, Dimon, Epstein Organizations: JPMorgan Chase &, Banking, Housing, Urban Affairs Committee, Washington , D.C, Bloomberg, Getty, JPMorgan, CNBC, The Locations: Washington ,, Florida, U.S, Manhattan

The fighting in Sudan has frozen trade of raw gum arabic both within the country and across its borders. Photo: ashraf shazly/Agence France-Presse/Getty ImagesThe conflict in Sudan has disrupted the supply of a little-known but crucial ingredient in soft drinks, chocolate bars, red wine and many other products, sparking concerns over shortages later in the year. The deadly power struggle between the East African nation’s top generals has claimed over 500 lives, left thousands injured and displaced many more. A lesser consequence of the fighting has been to choke the supply of gum arabic—80% of which is produced by Sudan’s acacia trees.

☆ Opinion: Why we’re still waiting for the Catholic women’s ‘revolution’
▼ + stars: | 2023-04-28 | by ( Opinion Opinion Celia Wexler | ) edition.cnn.com time to read: +8 min

Editor’s Note: Celia Wexler is a journalist and the author of “Catholic Women Confront Their Church: Stories of Hurt and Hope.” She writes frequently on Catholicism, feminism and politics. That means in the United States, the US Conference of Catholic Bishops, that bastion of conservatism, will do the choosing. Will Zagano, who has written extensively about the role of women deacons in the early church, be given a vote? How about British theologian Tina Beattie, who has worked tirelessly to amplify women’s voices in the church? In 2014, Beattie founded Catholic Women Speak, an international group of women focused on one goal: increasing women’s participation in the life and governance of the church.

The prospective class action complaint, filed in 2021 by two members of the annual paid subscription service Amazon Prime, alleged Amazon was unlawfully "tying" the online sale of third-party products to the use of the company's "Fulfillment by Amazon" program. The lawsuit said Amazon's alleged anticompetitive fulfillment practices had harmed "hundreds of millions of its loyal customers." Amazon's attorneys argued that fulfillment services are sold not to consumers who buy products but to third-party businesses that are selling goods on the company's platform. The antitrust case against Amazon was among private and state actions alleging violations of competition law. The case is Angela Hogan et al v. Amazon.com Inc, U.S. District Court, Western District of Washington, No.

"Jane Doe herself has directly accused him of horrific sexual misconduct and, if true, he must be held accountable." In a separate letter, lawyers for the Epstein accusers also supported severing the Staley case, but for a different reason. 22-10018; Jane Doe 1 v JPMorgan Chase & Co, No. 22-10019; Government of the U.S. Virgin Islands v JPMorgan Chase Bank NA, No. 22-10904; and JPMorgan Chase Bank NA v Staley, in Nos.

☆ In South Africa, Insurers Fix Potholes, Sponsor Fire Brigades and Direct Traffic
▼ + stars: | 2023-04-05 | by ( Alexandra Wexler | ) www.wsj.com time to read: 1 min

Firefighters in Johannesburg extinguish a fire. The city has a shortage of operational fire engines. JOHANNESBURG—Insurance companies in South Africa are fixing potholes, sponsoring fire brigades and directing traffic in an attempt to lower payouts and lure new clients as the country’s government increasingly struggles to provide vital public services. Corruption, mismanagement and the deepest recession on record amid the coronavirus pandemic have eroded the finances of South Africa’s municipalities and state-owned companies that are responsible for repairing infrastructure and providing essential services. With their unusual activities, South African insurers are joining other private companies in taking over public services, such as security, healthcare, education and mail delivery, in a country that the World Bank ranks as the most unequal on earth.

U.S. Vice President Kamala Harris is the highest ranking in a string of top administration officials to travel through Africa this year. The Biden administration is pushing hard for American businesses to invest in Africa despite the obstacles they face there, more than a decade after China began expanding its economic and political ties with countries across the continent. Vice President Kamala Harris pledged Tuesday in Ghana’s seaside capital to “double down” on efforts to bring billions of dollars in investments to Africa, a continent that many Western investors still view as high risk. Ms. Harris is the highest ranking in a string of top White House and Biden administration officials to travel through Africa this year, promising to unlock American investment as both the U.S. and China look to tap into the continent’s vast natural resources.

☆ Jeffrey Epstein: JPMorgan, Deutsche Bank ordered to face lawsuits over ties to financier
▼ + stars: | 2023-03-21 | by ( ) edition.cnn.com time to read: +4 min

JPMorgan Chase and Deutsche Bank must face lawsuits that accuse them of enabling Jeffrey Epstein’s sex trafficking, a US judge said Monday. Rakoff’s decision gives the plaintiffs a chance to prove another claim: that JPMorgan and Deutsche Bank (DB)knowingly benefited from involvement in Epstein’s sex trafficking. JPMorgan spokeswoman Trish Wexler and Deutsche Bank spokesman Dylan Riddle declined to comment on Rakoff’s ruling. ‘Landmark decision’Epstein had been a client of JPMorgan from 2000 to 2013, and Deutsche Bank from 2013 to 2018. In the Deutsche Bank case, the plaintiff, also known as Jane Doe 1, said Epstein sexually abused her from 2003 to 2018.

[1/2] A J.P. Morgan logo is seen outside the JPMorgan bank offices in Paris, France, January 27, 2023. REUTERS/Sarah MeyssonnierNEW YORK, March 20 (Reuters) - A U.S. judge said on Monday JPMorgan Chase & Co (JPM.N) and Deutsche Bank AG (DBKGn.DE) must face lawsuits accusing them of enabling Jeffrey Epstein's sex trafficking. Rakoff's decision gives the plaintiffs a chance to prove that JPMorgan and Deutsche Bank knowingly benefited from involvement in Epstein's sex trafficking. Epstein had been a client of JPMorgan from 2000 to 2013, and Deutsche Bank from 2013 to 2018. The cases in the U.S. District Court, Southern District of New York are: Jane Doe 1 v Deutsche Bank AG et al, No.

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