DIRS.INFO The most relevant business & tech news

Read previewThe judge presiding over Donald Trump's historic criminal trial has barred testimony that the former president's wife, Melania Trump, was pregnant at the time a former Playboy model says she had an affair with Donald Trump. Additionally, Steinglass explained that during the trial, he planned to bring into evidence how McDougal claims she had the affair with Trump while Melania Trump was pregnant with their now-18-year-old son Barron. AdvertisementThe McDougal-Trump narrative includes "that Karen McDougal was a former Playboy model," and that the affair began "when his wife, Melania, was pregnant with his child," Steinglass said. AdvertisementDonald Trump's lead attorney, Todd Blanche, argued strenuously against any evidence concerning a "literally just salacious with no value." Merchan ruled that he would allow prosecutors to talk about Trump's alleged affair with McDougal during the trial — but that he would not permit them to mention that Melania Trump was pregnant at the time.

Persons: —, Donald Trump's, Melania Trump, Donald Trump, Joshua Steinglass, Juan Merchan, Karen McDougal, McDougal, Steinglass, Trump, Barron, Melania, Trump's, Stormy Daniels, Todd Blanche, Blanche, It's, Merchan, Daniels, Prosecutors, Michael Cohen Organizations: Service, Playboy, New, Business, Trump, American Media Inc, National Enquirer, AMI Locations: Manhattan

☆ New York trial of Donald Trump: an unusual request on trial Day 1
▼ + stars: | 2024-04-15 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +7 min

Of the first group of 96 potential jurors who crammed into the courtroom, more than half were immediately excused for saying they could not be fair and impartial. A Manhattan jury also found Trump’s business, the Trump Organization, guilty of tax evasion, although Trump was not personally named in that case. And here is an excellent visual timeline of the entire hush money scandal. It was Cohen who orchestrated the hush money payments and who pleaded guilty to federal charges of violating campaign finance law, for which he served time in prison. Trump is accused by New York of falsifying business records when he paid Cohen back for the hush money scheme.

Persons: Donald Trump, Trump, CNN’s Kara Scannell, Jeremy Herb, Scannell, “, ” Scannell, Jeffrey Abramson, ”, ” Abramson, Jean Carroll, Abramson, Judge Juan Merchan, Kellyanne Conway, Rudy Giuliani, Stormy Daniels, Karen McDougal, CNN’s Kaanita Iyer, McDougal – She’s, Trump’s, Melania, Barron, Merchan, Carroll –, Carroll, Michael Cohen, Cohen, Maggie Haberman, Jake Tapper Organizations: CNN, America, Democracy, New, Trump, Trump Organization, National Enquirer, Trump . ►, Enquirer, – Prosecutors, New York Times Locations: Manhattan, sidebars, New York, Trump

CNN —The first criminal trial of former President Donald Trump is here. Trump has complained that he cannot get a fair jury in Manhattan, where the jurors must live. He was fined twice for violating a gag order imposed by New York Judge Arthur Engoron in his civil fraud trial. This payment is not part of the charges against Trump, but prosecutors have said that the testimony would help establish a pattern of payments. Merchan also denied prosecutors’ request to show E. Jean Carroll’s deposition from her defamation case against Trump because it would be “building in a trial into a trial.”

Persons: Donald Trump, Trump, Judge Juan Merchan, Merchan, ” Merchan, “, Michael Cohen, they’d, CNN’s Paula Reid, Todd Blanche, Blanche, Chris Conroy, ” Conroy, Daniels, Michael Avenatti, Cohen, ”, Arthur Engoron, Karen McDougal, McDougal, Prosecutors, Jean Carroll’s Organizations: CNN, Republican, Manhattan, Attorney’s, Judge, New York, Trump . Defense, Monday Trump, Trump, Prosecutors, Social, New, National, American Media Inc Locations: Manhattan, New, New York

☆ Day 1 of Trump’s Criminal Trial: Five Takeaways
▼ + stars: | 2024-04-15 | by ( Jesse Mckinley | Kate Christobek | ) www.nytimes.com time to read: +1 min

The criminal trial of Donald J. Trump, the nation’s 45th president and the Republican Party’s presumptive nominee, started Monday with potential jurors assembling in a drab courtroom in New York City while Mr. Trump looked on. Mr. Trump denies that encounter happened, and has declared his innocence, calling the charges politically motivated. He has attacked the judge, Juan M. Merchan, and the Manhattan district attorney, Alvin L. Bragg, a Democrat, who also attended the first day of trial on Monday. Mr. Trump faces 34 felony counts and could face probation or up to four years of prison time. The trial, which is expected to last weeks, has a fascinating list of potential witnesses: Michael Cohen, Mr. Trump’s former fixer turned apostate, who made the payment; Karen McDougal, a Playboy model who says she, too, had an affair with Mr. Trump; and Hope Hicks, a former aide to Mr. Trump.

Persons: Donald J, Trump, Stormy Daniels, Juan M, Alvin L, Bragg, Michael Cohen, Trump’s, Karen McDougal, Hope Hicks, Daniels Organizations: Republican, Democratic, Mr, Democrat, fixer Locations: New York City, Manhattan

☆ 'We have woken up to a new paradigm in the Middle East' following Iran-Israel escalation, analyst says
▼ + stars: | 2024-04-15 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Iran on April 14 urged Israel not to retaliate militarily to an unprecedented attack overnight, which Tehran presented as a justified response to a deadly strike on its consulate building in Damascus. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)Iran's weekend attack on Israel marks a "new paradigm" in the Middle East conflict, which risks escalating into a wider regional war, Chatham House's Middle East director said Monday. "The Israeli leadership will have a hard time not responding. Iran launched more than 300 drones and missiles against military targets inside Israel on Saturday in response to a suspected Israeli strike that killed top Iranian officials in Syria. The attack, though well telegraphed in advance, has presented some opportunity for Israel to rehabilitate its image following its months-long onslaught in Gaza, which many perceive as disproportionate to Hamas' Oct. 7 terror attacks.

Persons: ATTA KENARE, Sanam Vakil, thinktank, it's, Vakil, CNBC's Organizations: Getty, Chatham House's Locations: Persian, Israel, Tehran, Iran, Damascus, AFP, London, Syria, Gaza

☆ Key players in Trump’s hush money trial
▼ + stars: | 2024-04-15 | by ( Kaanita Iyer | ) edition.cnn.com time to read: +5 min

CNN —Donald Trump’s criminal New York hush money trial begins Monday, more than a year after the former president was indicted in the case. Stormy DanielsAdult-film star Stephanie Clifford, better known as Stormy Daniels, received a $130,000 payment just days before the 2016 presidential election. Michael CohenThe $130,000 payment to Daniels was made by Cohen, then Trump’s personal attorney, who landed in federal prison over that transaction for breaking campaign finance laws. Cohen, now a critical witness, has said that Trump directed him to make the payment to Daniels. Judge Juan MerchanNew York Supreme Court Judge Juan Merchan, who is known for maintaining control of his courtroom even when his cases draw considerable attention, will preside over this case.

Persons: Donald Trump’s, Donald Trump, Trump, ” Trump, Stephanie Clifford, Stormy Daniels, Daniels, Michael Cohen, Cohen, he’s, David Pecker, Pecker, Karen McDougal, Hope Hicks, Hicks, Attorney Alvin Bragg, Alvin Bragg, Bragg, Juan Merchan, Steve, Trump’s, Allen Weisselberg, Merchan, Sydney Kashiwagi, CNN’s Devan Cole, Kara Scannell, Lauren del Valle, Jeremy Herb, Marshall Cohen, Kaitlan Collins Organizations: CNN, Prosecutors, Trump, American Media Inc, National Inquirer, AMI, Manhattan, Attorney, Juan Merchan New, Trump Organization, Democratic Locations: York, Manhattan

☆ What prosecutors have to prove in the Trump hush money trial
▼ + stars: | 2024-04-14 | by ( Kara Scannell | Lauren Del Valle | ) edition.cnn.com time to read: +7 min

Prosecutors allege Trump falsified business records to hide the reimbursement of hush money payments that were made to influence the election outcome. And it may feature at least one audio recording of Trump and Cohen allegedly discussing a catch and kill deal. Necheles represented Trump’s business at its tax fraud trial in 2022. It was the third “catch and kill” deal to come after a key meeting at Trump Tower in August 2015 between Trump, Cohen and Pecker. On October 27, 2016, Cohen wired the money to Daniels and 12 days later Trump won the election.

Persons: Donald Trump, coverup, Trump, Stormy Daniels, Attorney Alvin Bragg, Donald Trump's, Kena Betancur, Juan Merchan, Michael Cohen, David Pecker, ”, Hope Hicks, Cohen, they’ve, Daniels, Todd Blanche, Emil Bove, Susan Necheles, Necheles, Bradley Smith, Alan Garten, Merchan, Pecker, Karen McDougal, Allen Weisselberg Organizations: CNN, Prosecutors, Manhattan, Attorney, Trump, National Enquirer, Commission, Trump Organization, Trump Tower, American Media Locations: Manhattan, New York City, Kena, New York, Lake Tahoe

Trump’s team is working around the limitations to keep him interacting with voters and donors. As he did during his earlier fraud trial, Trump will seek to ensure he remains front and center. The location was chosen out of convenience, as Trump is expected to stay at Trump Tower during the trial. Some of Trump’s advisers say that his presence in court throughout the trial will continue to benefit him — despite keeping him off the campaign trail. In addition to utilizing his courtroom appearances, Trump will be “driving his message with both in-person and virtual events on court days,” the campaign official said.

Persons: Donald Trump’s, Trump, Trump’s, ”, galvanize, “ There’s, we’ll, he’s, Joe Biden, Biden, they’ve, Karen Friedman Agnifilo, you’re Trump, you’d, ” Agnifilo, “ Organizations: CNN, Trump, Republican, Fox News, Garden, Democratic, State, Manhattan Locations: New York, New York City, Pennsylvania, North Carolina, Bronx, Madison, York, Manhattan

☆ Could Trump go to jail? Questions about Trump’s trial, answered
▼ + stars: | 2024-04-13 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +12 min

If Trump were sent to prison, would he still have his presidential Secret Service protecting him in jail? The judicial process is built around the idea that defendants are there to answer charges, and New York law requires that a defendant be present at trial. The felony charge here, which is the lowest level felony under New York law, is falsifying business records to further some other crime. His federal trial on classified documents is proceeding slowly in Miami. While Trump, under New York law, has a right to know their names, their identities will be kept from public view.

Persons: CNN —, Donald Trump’s, –, I’ve, Trump, Laura Coates, Coates, Watch Coates, David, Juan Merchan, Stormy Daniels, CNN’s, Daniels, Bruce, Karen McDougal, Trump’s fixer, Michael Cohen, Cohen, Attorney Alvin Bragg, Will, Francis, Elie Honig, Honig, SCOTUS, Mark Honig, He’s, Kathryn, Trump’s, It’s, hasn’t, Norman Eisen, ”, Scott, That’s, Frank Bowman, he’s, Bowman Organizations: CNN, Trump, Raleigh NC Daniels, Seattle Trump, National Enquirer, Playboy, of Justice, Manhattan, Attorney, New, University of Missouri, Prisons, White Locations: New York, Tokyo, York, Georgia, Seattle, Cupertino, Miami, Fulton County , Georgia, Philadelphia

☆ A former corporate lawyer died after falling from a luxury liner, reports say. One expert says cruise safety is outdated.
▼ + stars: | 2024-04-13 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

AdvertisementWhile the chances of falling overboard on a cruise ship are extremely low , a cruise ship expert told Business Insider that the industry's safety protocols needed updating. Sophie Elizabeth Blythe-Tinker told the court her father "wasn't himself" and had become "increasingly abnormal" during his time on board, per the Telegraph. Cruise ship safetyRoss Klein, an international authority on the cruise ship industry, told BI he believes cruise ship safety rules are outdated. He said no substantial changes have been made to cruise ship safety since the Cruise Vessel Security and Safety Act of 2010. AdvertisementKlein is "not very hopeful" about actionable change regarding cruise safety in the near future "because nobody's pushing for changes."

Persons: —, Nigel Blythe, Blythe, William Hill, Tinker, Sophie Elizabeth Blythe, wasn't, I'm, Karen Shuman, Mr Blythe, Ross Klein, Klein, Levion Parker, Francel Parker, ideation Organizations: Service, London's, of Justice, The Telegraph, Seven Seas, Business, Seven Seas Cruises, Cruise Vessel Security, Royal Caribbean, New York Post, Sun Locations: England, Australia, Blythe, Marseille, Barcelona, Florida, Port

☆ Donald Trump hush money trial, explained
▼ + stars: | 2024-04-13 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +8 min

CNN —Former President Donald Trump is set to go on trial this month in Manhattan for his alleged role in a hush money scheme to silence his alleged mistresses before the 2016 election. Here’s what to know to get up to speed on this first criminal trial:What’s the general outline of the hush money case? The judge overseeing the hush money case, Juan Merchan, expanded a gag order on Trump after the former president attacked Merchan’s daughter on social media. And the witness list for this hush money case includes former Trump aides such as Hope Hicks. So that’s why this New York case about hush money paid eight years ago is the one that’s going to trial first.

Persons: Donald Trump, Trump, Karen McDougal, David Pecker, Stephanie Clifford, Stormy Daniels, Trump’s, Michael Cohen, Cohen, Daniels, McDougal, Attorney Alvin Bragg, Juan Merchan, Merchan’s, Michael Avenatti, Hope Hicks Organizations: CNN, White House, Trump, National, American Media Inc, AMI, Street, McDougal, Federal, Commission, Manhattan, Attorney, Beverly, Hotel, Manhattan DA, New, Republican Party, Fulton County DA Locations: Manhattan, Georgia, New York, Lake Tahoe, Fulton County , Georgia, Miami, York

☆ Jennifer Pan and her former boyfriend were both found guilty of conspiring to kill her parents. Here's where Daniel Wong is now.
▼ + stars: | 2024-04-12 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +5 min

A retrial was ordered in 2023 for the first-degree murder charge, and the case currently sits with the Canadian Supreme Court. According to Toronto Life, all five of the accused faced first-degree murder, attempted murder, and conspiracy to commit murder charges. NetflixWong received the same sentence and charges as PanWong was found guilty of the same charges as Pan: first-degree murder and attempted murder. For the first-degree murder charge, he received a life sentence with no chance of parole for 25 years; for the attempted murder charge, a life sentence. If it doesn't, Wong, Pan, and the other accused will be allowed to seek parole.

Persons: —, Jennifer Did, Jennifer Pan, Bich, Huei Hann Pan, Pan, Daniel Wong, Wong, Jennifer Pan's, Karen K, Ho, Jennifer, Christine, Lenford Crawford, Crawford, Pan's, Huei Hann, Netflix Wong, Pan Wong, Eric Carty Organizations: Service, Netflix, Canadian, CBC, Canadian Supreme, Business, Pan, Toronto, Police, Toronto Life, Ontario, Markham Economist, Sun Locations: Toronto, Pan's, Lindsay , Ontario

☆ Bank of England scraps outdated inflation forecasting model in major overhaul after Fed boss' review
▼ + stars: | 2024-04-12 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

LONDON — The Bank of England on Friday announced a "once in a generation" overhaul of its inflation forecasting following a long-awaited review by former Federal Reserve Chair Ben Bernanke. The review — initiated following criticism of the central bank's recent policymaking — sets out 12 recommendations which BoE Governor Andrew Bailey said the bank was committed to implementing. They include the scrapping of the Bank's long-held "fan chart" forecasting system and the introduction of a revamped forecast framework. It added that the BoE currently relies more heavily than other central banks on a central forecast, which may not fully account for wider risks or how inflation expectations can become "de-anchored." Additionally, the review said the bank needed to improve its communication with the public, suggesting the it put less emphasis on the central forecast, simplify its policy statement, and reduce repetitiveness."

Persons: Ben Bernanke, —, BoE, Andrew Bailey, Bailey Organizations: Bank of England, City of, Federal, CNBC, Monetary, Bank Locations: City, City of London, United Kingdom, U.S

☆ Trump is about to face trial on criminal hush money charges. Here's what to know
▼ + stars: | 2024-04-11 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +9 min

Former U.S. President Donald Trump speaks from the hallway outside a courtroom where he is attending a hearing in his criminal case on charges stemming from hush money paid to a porn star, in New York City on March 25, 2024. Michael Cohen, former attorney for Donald Trump, arrives to the New York Courthouse on March 13, 2023. In 2018, Cohen pleaded guilty to campaign finance charges related to hush money payments made to two women before the 2016 election. Trump has voluntarily attended numerous hearings in the hush money case and his other criminal cases, generating waves of mainstream media attention that his regular campaign events no longer muster. Former U.S. President Donald Trump sits with his lawyer Susan Necheles in the courtroom at a hearing in his criminal case on charges stemming from hush money paid to a porn star, in New York City on March 25, 2024.

Persons: Donald Trump, Brendan Mcdermid, Reuters Donald Trump, Trump, Stormy Daniels, Attorney Alvin Bragg, Jane Rosenberg, Reuters Trump, Michael Cohen, Eduardo Munoz, Trump's, Cohen, Daniels, Bragg, Karen McDougal, David Pecker, Juan Merchan, Will Trump, Eric Trump, Angela Weiss, Judge Merchan, —, Norm Eisen, Eisen, Reuters Cohen, McDougal, Bradley Smith, Susan Necheles, Reuters Trump's Organizations: U.S, Reuters, Manhattan, Attorney, New, DA, Reuters Central, Trump, Trump Organization, National Enquirer, American Media Inc, Former U.S, Manhattan Criminal, Eric Trump Via Reuters, Trump Media & Technology Group, Manhattan Federal, AFP, Getty, Democrats, Court, NBC, Federal, Commission Locations: New York City, New York, Manhattan, Lago, Palm Beach , Florida

CNN —Myanmar rebels fighting the junta say they have seized the last remaining military base in a key border town, dealing the latest significant blow to the country’s military rulers as they struggle to cling to power. About 200 soldiers abandoned their base in the southeastern town of Myawaddy and have been pushed to the No 2. “Officially we (are in) control of the town Myawaddy since last night,” KNU spokesperson Saw Taw Nee said. Footage also showed Thai military vehicles and troops stationed along the border. CNN has reached out to Myanmar’s military junta for comment.

Persons: Karen, ”, Saw Taw, Thailand’s Mae Sot, Manan Vatsyayana, “, Naw Tee, Aung, Thailand's, Prasarn Saengsirirak, ” Prasarn, Prasarn, Kim Jolliffe, it’s Organizations: CNN, Myanmar, Karen National Union, UN, Reuters, Getty, Karen National Liberation Army, Command, National League for Democracy, Army, Arakan Army Locations: Myawaddy, Myanmar, Thailand, Thailand’s, Tak, Thailand's Mae Sot, AFP, Teetering, Aung San, Kachin, China, Rakhine, Arakan

☆ OpenAI CEO Sam Altman: The U.S. needs an AI policy
▼ + stars: | 2024-04-11 | 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 EmailOpenAI CEO Sam Altman: The U.S. needs an AI policySam Altman, OpenAI CEO, tells CNBC's Karen James Sloan about his meeting with Senator Todd Young, his trip to the Middle East, and more.

Persons: Sam Altman, Karen James Sloan, Todd Young Organizations: OpenAI Locations: U.S

☆ How Donald Trump has handled juries so far
▼ + stars: | 2024-04-11 | by ( Jeremy Herb | ) edition.cnn.com time to read: +10 min

CNN —Three months ago, Donald Trump took the stand before a jury of nine in a New York courtroom without his typical bombast or ranting. “The record will reflect that Mr. Trump just rose and walked out of the courtroom,” Judge Lewis Kaplan announced, in case any jurors had missed it. “I mean, our whole case was about the fact that Donald Trump is unable to follow the law, unable to follow the rules. But just having political views about Trump, for or against, won’t be a reason for potential jurors to be dismissed. When Kaplan asked jurors a series of questions individually, Trump turned in his chair to watch each person speak.

Persons: Donald Trump, Jean Carroll, Trump, “, Lewis Kaplan, defaming Carroll —, ” Carroll, Roberta Kaplan, CNN’s Anderson Cooper, Donald Trump’s, they’ve, ”, Steve Tuholski, haven’t, Juan Merchan’s, Merchan, Michael Cohen, Trump’s, Karen Friedman Agnifilo, you’re Trump, you’d, ” Agnifilo, Agniflio, ” Trump, Emil Bove, Joe Biden, won’t, Carroll, Kaplan, ” Merchan, can’t, Stormy Daniels, admonish Trump, ” Kaplan, —, Elie Honig, Tuholski, they’re, CNN’s Kara Scannell, Kristen Holmes, Lauren Del Valle Organizations: CNN, Yorkers, New, Delphi, White, Republican, Trump, Manhattan Locations: New York, Manhattan, New York County, “

☆ Renaissance Portraits That Played Hide and Seek
▼ + stars: | 2024-04-11 | by ( Karen Rosenberg | ) www.nytimes.com time to read: +1 min

The Met’s delightful show “Hidden Faces: Covered Portraits of the Renaissance” illuminates a curious trend in 15th- and 16th-century painting: the slow reveal. The works on view, originally concealed in special cases and behind sliding or reversible panels, gamify the experience of looking at portraiture; they have to be moved, before they can move us. But we can peer at them from double-sided glass cases and watch animations of faces emerging from sliding panels. The covers are marvelous works in their own right, with elaborate emblems and allegories that are themselves a form of representation. The interactions between the different components can be quite playful, with a literary and theatrical flair.

Persons: Ridolfo Ghirlandaio Organizations: Met, Courtauld Locations: London, Florence, Florentine

☆ Daniil Medvedev rants at officials for second successive day as Russian exits Monte-Carlo Masters
▼ + stars: | 2024-04-11 | by ( Matias Grez | Ben Morse | ) edition.cnn.com time to read: +4 min

Khachanov, as a result, earned two break points and would eventually capitalize on the second, thanks to a Medvedev double fault. 4 was frustrated with two calls from the line judge on his baseline while serving at 1-2 in the second set. The first disagreement came after the 28-year-old returned a crushing winner from a Monfils forehand, which was called out by the line judge. The very next point, the same line judge called Monfils’ shot in to the dismay of Medvedev, who left the ball expecting an out call to come. He can make a mistake as well, everybody can.”Mohamed Lahyani had to ask Medvedev not to shout at the line judge in Wednesday's match.

Persons: CNN — Daniil Medvedev ranted, Karen Khachanov, Carlo Masters, Khachanov, Carlos Bernardes, Cedric Mourier, “, ” Medvedev, It’s, …, Russia's Daniil Medvedev, France's Gael Monfils, Valery Hache, Mohamed Lahyani, Gaël Monfils, Lahyani, Monfils ’, Medvedev, shrugging, ” Lahyani, ” Mohamed Lahyani, Julian Finney Organizations: CNN, Medvedev, France's, Getty Locations: AFP, Russian

☆ Jennifer Pan was found guilty of conspiring to kill her parents. Here's where she is now.
▼ + stars: | 2024-04-10 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +5 min

Jennifer Pan is the subject of the new Netflix true crime documentary, "What Jennifer Did." AdvertisementNetflix's new true crime documentary, "What Jennifer Did" explores the true story of Jennifer Pan, a Canadian woman who allegedly hired people to kill her parents. Jennifer Pan in police interview footage, as seen in "What Jennifer Did." Huei Hann Pan and Bich Ha Pan in a photo displayed in "What Jennifer Did." The retrial is only in reference to the first-degree murder charge — not the attempted murder charge in relation to her father.

Persons: Jennifer Pan, Jennifer Did, Pan, She's, —, banister, Karen K, Ho, Bich, Huei Hann Pan, Daniel Wong, Wong, Leonard Crawford, Crawford, Hann, Jennifer, Pan's, David Mylvaganam, Felix ., Huei Hann Organizations: Netflix, Service, Netflix Police, Toronto, CBC, Ontario Appeal, Markham Economist, Sun, Canada Locations: Canadian, Toronto, Canada, Ontario

☆ WTO forecasts rebound in global trade but keeps geopolitical risks in focus
▼ + stars: | 2024-04-10 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

The World Trade Organization on Wednesday said that it expects global trade to rebound gradually this year, before rising further in 2025, as the impacts of higher inflation fall into the rearview mirror. In its latest "Global Trade Outlook and Statistics" report, the WTO forecast that total global trade volumes will increase by 2.6% in 2024, and by a further 3.3% in 2025. It follows a larger-than-expected 1.2% decline in 2023, as inflationary pressures and higher interest rates weighed on international trade. The trade rebound is expected to be "broad-based," including across Europe, which experienced some of the deepest falls in trade volumes last year as a result of geopolitical tensions and the energy crisis caused by Russia's full-scale invasion of Ukraine. "Europe was really weighing on international trade in 2023, and we don't see that being the case anymore," Ossa said.

Persons: Ralph Ossa, CNBC's Silvia Amaro, Russia's, Ossa Organizations: World Trade Organization, Trade Outlook, WTO Locations: Europe, Africa, India, Pakistan, Southeast Asia, Qianwan, Qingdao Port, Qingdao, China, Ukraine

“I sit here today to express my deepest sorrows for the families of Hana, Tate, Madisyn, Justin and to all those affected on November 30, 2021,” Jennifer Crumbley said. The parents failed to properly secure the firearm, as James Crumbley hid it in their bedroom but did not use any locking device, the prosecution argued. By contrast, James Crumbley did not testify in his trial, and his attorney argued he simply didn’t know about his son’s plans or mental issues. Still, Jennifer Crumbley was convicted of four counts of involuntary manslaughter in early February, and James Crumbley was convicted of the same counts in March. My actions were that of any other parent,” James Crumbley wrote.

Persons: James, Jennifer Crumbley, Cheryl Matthews, “, ” Matthews, James Crumbley, Jennifer Crumbley “, Tate, Madisyn, Justin, ” Jennifer Crumbley, ” “, Ethan, Nicole Beausoleil, Madisyn Baldwin, ” Beausoleil, Ethan don’t, ’, ‘, Justin Shilling’s, Craig, Craig Shilling, Justin Shilling, Bill Pugliano, ”, Justin’s, Jill Soave, ” Reina St, Juliana, Hana, Karen McDonald, ” McDonald, McDonald, Crumbley, remorseful, James Crumbley’s, Ethan Crumbley, Sig, St, Tate Myre, Jennifer, “ I’ve, ” James Crumbley, Celina Tebor, Nicki Brown, Antoinette Radford, Maureen Chowdhury Organizations: CNN, Oakland, Opportunity, Prosecutors, Oxford High School Locations: Oxford , Michigan, Detroit, Oakland, Hana, Oakland County

☆ EU's von der Leyen echoes Yellen's calls for tough stance on Chinese overcapacity
▼ + stars: | 2024-04-09 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

European Commission President Ursula von der Leyen speaks during a press conference, Nurphoto | Getty ImagesEuropean Commission chief Ursula von der Leyen on Tuesday said that Europe must talk tough with China on its perceived unfair trade practices, echoing calls a day earlier from U.S. Treasury Secretary Janet Yellen. Speaking ahead of German Chancellor Olaf Scholz's trip to Beijing later this week, von der Leyen said European companies should have the same market access in China as Chinese firms have in Europe, according to comments cited by Reuters. She also urged the German leader to take a hard stance with Chinese authorities about overcapacity and unfair competitive practices. Chinese overcapacity concernsChinese overcapacity has become a major point of diplomatic tension, with the U.S. and its allies contesting that excess production and subsidized goods from China are undercutting domestic businesses. It also contests that the U.S. — through initiatives such as the Inflation Reduction Act — is subsidizing its own manufacturing industry.

Persons: Ursula von der Leyen, Janet Yellen, Olaf Scholz's, von der Leyen, Yellen, CNBC's Sara Eisen, Commerce Wang Wentao Organizations: Getty, European Commission, Treasury, Reuters, Monday, CNBC, U.S, China's, Commerce Locations: Europe, China, U.S, Beijing

U.S. Treasury Secretary Janet Yellen on Monday said she would not rule out any measures, including potential tariffs, on China's green energy exports. "I wouldn't rule out anything out at this point. "I'm not thinking so much of export restrictions, as some shifts in their macroeconomic policy, and a reduction in the amount of, particularly local government subsidies, to firms," Yellen said. Washington's anxiety is shared by U.S. allies including Japan and Europe, as a glut of cheap Chinese products, such as solar panels, has flooded their markets. "It's fine for China's firms to export in this industry, to develop it.

Persons: Janet Yellen, CNBC's Sara Eisen, Yellen, White, they're Organizations: Treasury Locations: Washington, China, Beijing, Guangzhou, U.S, Japan, Europe

Editor’s note: Follow along with CNN’s live updates of the total solar eclipse. Special eclipse momentsWhile totality is considered to be the most exciting part of a total solar eclipse, there are other special phases to watch for before the big moment arrives. Amateur astronomers prepare to watch a total solar eclipse in Mazatlan, Mexico, on Monday. After the total solar eclipse ends, it’s a bit of a wait for the next such celestial sightings in the United States. Those living in Alaska will catch a glimpse of a total solar eclipse on March 30, 2033, and a partial solar eclipse will shine over most of the US during that event.

Persons: Ron Jenkins, Karen Siegel, ” Siegel, Michael Zeiler, Heinz, Peter Bader, Pons, Brooks, Fernando Llano, it’s, Don’t Organizations: CNN, NASA, Indianapolis, GPS, Reuters, JPL, Caltech, Amateur Locations: United States, North America, Texas, Maine, Kerrville , Texas, Cleveland, Newfoundland, Canada, Mazatlan, Coast, Fort Worth , Texas, Texas , Oklahoma , Arkansas , Missouri , Illinois , Kentucky , Indiana , Ohio, Pennsylvania, New York , Vermont , New Hampshire, Vermont, Missouri, Indiana, Lincoln , New Hampshire, Newton , Massachusetts, Barton , Vermont, Mexico, Alaska, North Dakota, Montana, California , Nevada , Utah , Colorado , Kansas , Oklahoma , Arkansas , Mississippi, Alabama, Florida

Search resuls for: "Karen"

25 mentions found