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☆ Malaysia's new king has a $5.7B family fortune. Here's how he spends his money.
▼ + stars: | 2024-02-02 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +6 min

Sultan Ibrahim Iskandar, 65, was declared king on Wednesday as part of the country's rotating monarchy. King Sultan Ibrahim Iskandar of Johor is photographed with his sister, Queen Tunku Azizah Aminah Maimunah Iskandariah, after his accession was announced in October 2023. MOHD RASFAN/AP ImagesSultan Ibrahim is head of the Johor royal family and is considered one of the country's wealthiest men. In May 2023, a video posted to the Johor royal family's TikTok account showed them dining at Istanbul Turkish Cuisine, a reservations-only restaurant in Horizon Hills, Johor. King of Malaysia Sultan Ibrahim Iskandar (right) speaks with Malaysia's Prime Minister Anwar Ibrahim (left) after the oath-taking ceremony.

Persons: Sultan Ibrahim Iskandar, King Sultan Ibrahim Iskandar, Tunku Azizah Aminah, Iskandariah, MOHD RASFAN, Sultan Ibrahim, Sultan Ibrahim isn't, Ferrari Testarossa, HASNOOR HUSSAIN, Adolf Hitler, Hitler, Harley, Davidson, Tunku Ismail, Crown, Prince, of, of Malaysia Sultan Ibrahim Iskandar, Anwar Ibrahim, Abdullah Ahmad Shah, Mahathir Mohamad Organizations: Bloomberg, Facebook, Getty, Mercedes, YouTube, Boeing, Guardian, U Mobile, Maharani Energy, Johor Darul, The Straits Times, Malaysian, Malaysia's Locations: Malaysia, Malaysia's, Johor, Malaysian, Kuala Lumpur, India, Istanbul Turkish, Horizon Hills, Johor Darul Ta'zim, Singapore, Forest, Manhattan, of Malaysia Sultan

☆ Opinion | Another Political Failure on Immigration
▼ + stars: | 2024-02-02 | by ( The Editorial Board | ) www.nytimes.com time to read: +2 min

The crush of asylum seekers crossing the southern border has overwhelmed the government’s capacity to deal justly with their claims. But Donald Trump, the front-runner for the Republican presidential nomination, insists that Republicans reject the legislation taking shape in the Senate. Several Senate Republicans have said Mr. Trump is blocking it to keep immigration alive as a campaign issue. Senator Todd Young of Indiana called this move to derail the negotiations “tragic.” Mr. Young and the other Senate Republicans nevertheless continue to work with their Democratic colleagues to hammer out a compromise. House Republicans, however, don’t seem interested in writing laws; they have instead submitted to Mr. Trump’s demands.

Persons: Biden, Donald Trump, Trump, Todd Young, Mr, Young, don’t, Trump’s, Mike Johnson, Alejandro Mayorkas Organizations: Republican, Republicans, Democratic, House Republicans, Democrats Locations: States, Indiana

☆ A pigeon detained for 8 months on suspicion of spying for China has finally been set free
▼ + stars: | 2024-02-02 | by ( Matthew Loh | ) www.businessinsider.com time to read: +2 min

A pigeon detained in India for eight months was released on Tuesday after police cleared it of suspicions that it was a spy bird for China, the news agency Press Trust of India reported. It was taken to the Bai Sakarbai Dinshaw Petit Hospital for Animals because police suspected it was used for spying, per the outlet. Bombay Society for the Prevention of Cruelty to AnimalsPETA contacted police and obtained a certificate for the bird's release, the organization said. The pigeon was later discovered to be a racing bird from Taiwan that escaped and flew to India, according to the AP. Bombay Society for the Prevention of Cruelty to AnimalsIndian authorities have detained other pigeons on similar suspicions before.

Persons: Dinshaw, Narendra Modi Organizations: Press Trust of, Associated Press, Hospital for Animals, People, Animals, PETA, Bombay Society for, AP, Pigeon Racing, Taiwan News Locations: India, China, Press Trust of India, Mumbai, Taiwan, Taipei, Kashmir, Pakistan

☆ Paytm was once India’s hottest startup. Its shares have crashed 36% in two days
▼ + stars: | 2024-02-02 | by ( Diksha Madhok | ) edition.cnn.com time to read: +3 min

Shares of the hugely popular digital payments company have crashed by the daily maximum allowed in Mumbai for two days in a row, even though India’s stock markets have been touching new all-time highs. It also landed in hot water with regulators — two years ago, the central bank barred its banking arm from signing up new customers. Paytm stock is now trading at just 487 rupees (around $6) a share. The latest plunge came after India’s central bank cracked down further on its business. Paytm launched its payments bank in 2017 as a joint venture with founder Vijay Shekhar Sharma.

Persons: New Delhi CNN — Paytm, Paytm, ”, Manish Chowdhury, Vijay Shekhar Sharma, Sharma, Narendra Modi, ” Sharma Organizations: New, New Delhi CNN, Paytm Payments Bank, Indian, CNN Locations: New Delhi, Mumbai, India

NEW DELHI (AP) — Indian police cleared a suspected Chinese spy pigeon after eight months' detention and released it into the wild Tuesday, news agency Press Trust of India reported. Police suspected it was involved in espionage and took it in, later sending it to Mumbai's Bai Sakarbai Dinshaw Petit Hospital for Animals. Eventually, it turned out the pigeon was an open-water racing bird from Taiwan that had escaped and made its way to India. It is not the first time a bird has come under police suspicion in India. In 2016, another pigeon was taken into custody after it was found with a note that threatened Indian Prime Minister Narendra Modi.

Persons: Mumbai's Bai Sakarbai Dinshaw, Narendra Modi Organizations: DELHI, Press Trust of, Police, Hospital for Animals, Bombay Society for, Indian Locations: Press Trust of India, Mumbai, Taiwan, India, Kashmir

Throughout her career, the South Carolina-born daughter of Indian immigrants has generally called out acts of individual prejudice and the people responsible. But Haley, now a Republican presidential candidate, has avoided denouncing society or groups of people as racist. Haley, who was Trump's U.N. ambassador, has described facing prejudice in her upbringing in rural Bamberg. “My parents never wanted us to think we lived in a racist country,” Haley told reporters recently. When asked by reporters whether Trump's criticisms of her are racist, Haley has instead portrayed him as “desperate to stop our momentum," using any means necessary to attack his opponents.

Persons: Nikki Haley, Haley, Glenn Beck, Donald Trump's, ”, Emanuel, “, ” Haley, Trump, Trump's U.N, Hajar, “ Nikki Haley, ” Yazdiha, “ She’s, Terry Holyfield, Haley’s, Holyfield, ” Holyfield, Sen, Tim Scott, Vivek Ramaswamy, Scott, Ramaswamy, Haley “ Nimbra ”, Nimarata Nikki Randhawa, “ Nikki, Trump's, Barack Obama, we’ve, Jake Tapper, ” Tapper, Holly Ramer, Noreen Nasir, ___ Meg Kinnard, Matt Brown Organizations: COLUMBIA, Washington Post, Republican, GOP, Methodist Episcopal Church, Southern, University of Southern, Confederate, ”, Trump, CNN, Associated Press Locations: South Carolina, Columbia, Charleston, Washington, United States, Bamberg, University of Southern California, North Charleston, U.S, Iowa, Mexico, New Hampshire, America, India, Indian, Hollis , New Hampshire, New York

SRINAGAR, India (AP) — For decades, India has focused its defense policy on its land borders with rivals Pakistan and China. Unless you are a maritime power you can never aspire to be a global power,” Chawla said. India, already a regional power, is positioning itself “as a global player today, an upcoming global power,” he said. Though we don’t own it, but we are probably the most capable and responsible resident naval power,” Chawla said. Chawla said India doesn't have “strength to project power into the South China Sea right now” because of the vast Chinese maritime assets there.

Persons: Adm, Anil Kumar Chawla, “, ” Chawla, ”, Darshana, Chawla, it’s Organizations: Pakistan, Hamas, U.S, Carnegie Endowment, International, Ocean Initiative, NATO Locations: SRINAGAR, India, China, Yemen, Iran, Tehran, Red, Gaza, U.S, Visakhapatnam, Marshall, Gulf, Aden, Picardy, “ China, South China, Beijing, Bangladesh, Sri Lanka, Maldives, Australia, Japan, Pacific, South, Asia, asia

☆ Zee founder family to eventually lift stake to 26%, according to reports
▼ + stars: | 2024-01-29 | by ( ) www.cnbc.com time to read: +1 min

Logos of Zee Entertainment Enterprises Ltd. displayed on computer screens arranged in Mumbai, India, on Tuesday, Jan. 9, 2024. Zee Entertainment founder Subhash Chandra's family will eventually lift their stake in the media house to 26% from 4% currently, Mint reported on Monday, days after a merger with Sony 's India unit collapsed. "I have advised my immediate and extended family to increase their shareholding in Zee... We eventually want to go back to 26%, but it will take time," Chandra told Mint, a business daily, in an interview. Chandra, who set up Zee in 1992 and is often dubbed the "Father of Indian Television", is now chairman emeritus at Zee. Chandra, who is Goenka's father, told Mint "Punit is the right person to run the company and there is no problem with Zee."

Persons: Subhash Chandra's, Zee, Chandra, Punit Goenka, Goenka, Mukesh Ambani's Organizations: Zee Entertainment Enterprises, Zee, Sony Group Corp, Zee Entertainment, Mint, Sony, Indian, Walt Disney, India Locations: Mumbai, India, Zee .

☆ Foreign-Born Residents File Suit in Japan Over Alleged Racial Profiling
▼ + stars: | 2024-01-29 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

By Chris GallagherTOKYO - Three foreign-born residents of Japan filed a lawsuit on Monday against the national and local governments over alleged illegal questioning by police based on racial profiling. It also comes amid a renewed debate over what it means to be and look Japanese, after a Ukrainian-born, naturalised Japanese citizen was crowned Miss Japan last week. The plaintiffs say they have suffered distress from repeated police questioning based on their appearance and ethnicity, which they say is a violation of the constitution. They and their legal team arrived at Tokyo District Court around midday and spoke to media outside before heading in to file their case. "I never knew what social withdrawal was until recently," he said, declining to provide his surname for fear of harassment.

Persons: Chris Gallagher TOKYO, Matthew, Syed Zain, Maurice, Chris Gallagher, Hugh Lawson Organizations: Miss Japan, Court, Tokyo Metropolitan, Tokyo Metropolitan Government, Aichi, Aichi Prefectural Government, National Police Agency, Ministry, Justice Locations: Japan, Ukrainian, Tokyo, Aichi, Aichi Prefectural, Pakistan, American

☆ Mark Cuban: Here's the moment I knew I wouldn’t succeed in corporate America
▼ + stars: | 2024-01-28 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Mark Cuban once pictured himself running a major corporation — until he started his first job out of college. The experience "sealed" something he probably already knew, Cuban told CNBC Make It via email: If he wanted to run a company, he'd likely have to build his own. "I was a lousy employee because I was a know-it-all," Cuban told Wired last year. But not every prospective entrepreneur is as successful as Cuban, who launched a software company called Microsolutions in 1983 and kept it afloat through some turbulent early years. Cuban's second business, Broadcast.com, was acquired by Yahoo for $5.7 billion in 1999.

Persons: Mark Cuban, Cuban, Trevor Noah's, unkindly, he's, didn't, he'd Organizations: —, University of Indiana, Mellon Bank, CNBC, Software, Wired, Yahoo Locations: Pittsburgh, Cuban, America, Dallas

(AP) — A truck hauling zebras and camels for a series of weekend circus performances caught fire early Saturday on a northeastern Indiana highway, prompting a police rescue of the animals, which roamed along the freeway, some munching on grass. The tractor-trailer caught fire about 2 a.m. along Interstate 69 in Grant County and a state trooper, a Grant County Sheriff's deputy and a third person rescued the five zebras, four camels and a miniature horse by leading them off the smoked-filled trailer, said Sgt. The Grant County Sheriff's Office posted photos and videos on Facebook of camels walking on the highway and later standing along its shoulder and its median with zebras and law enforcement officers. Political Cartoons View All 253 Images“It’s not something we see every day,” said Deputy Brent Ressett with the Grant County Sheriff’s Office. The truck was bringing the animals from Florida to Fort Wayne for four weekend circus performances in the northeastern Indiana city benefitting the Mizpah Shrine Circus, said Steve Trump, its circus director.

Persons: Steven Glass, ”, Brent Ressett, Grant, Steve Trump, ” Trump, “ Organizations: Indiana State Police, Sheriff's, Sheriff’s Office, Shrine, Fort Wayne's Locations: MARION, Ind, Indiana, Grant County, Grant, Sarasota , Florida, Marion, Indianapolis, Florida, Fort Wayne

☆ Trump is already flexing strongman power in the GOP
▼ + stars: | 2024-01-26 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

The ex-president is trying to intimidate Nikki Haley into abandoning the GOP presidential race. Trump’s brisk assertion of his growing power as the likely nominee is a characteristic dismantling of constraints that echoes his behavior in office. But she provoked him by refusing to quickly fold her campaign and endorse him like other GOP candidates, including Florida Gov. But the disdain toward Haley from Trump world is remarkable. It would have essentially joined the party’s forces with Trump while an election involving a rival was still taking place.

Persons: Donald Trump, Nikki Haley, they’ll, Trump’s, anoint, Joe Biden, Trump, Haley, ”, Viktor Orbán, ” Orbán, he’s, ” Trump, Katon Dawson, Kasie Hunt, CNN Max, Dawson, polarize, Nikki, “ Donald Trump, ” Haley, Ron DeSantis, South Carolina Sen, Tim Scott, “, CNN’s Kaitlan Collins, MAGA, Elise Stefanik, —, Collins, Biden doesn’t, Biden, Republican Sen, Todd Young, Utah Sen, Mitt Romney, who’s, Democratic Sen, Chris Murphy of Connecticut, doesn’t, ” Murphy, CNN’s Manu Raju, Vladimir Putin Organizations: CNN, Republican Party, GOP, South, Republican National Committee, Trump, Biden, South Carolina GOP, CNN International, Palmetto State, Florida Gov, RNC, Republican, Democratic, Capitol Locations: Iowa, New Hampshire, South Carolina, genuflect, Manchester , New Hampshire, Hungarian, “ State, Palmetto, Cuba, United States, Charleston, Hampshire, Trump, New York, Indiana, Utah, Ukraine

Haley’s campaign leaned into those attacks Thursday, releasing T-shirts emblazoned with the words“Barred. “We need to unite around our eventual nominee, which is Donald Trump,” Republican National Committee Chairwoman Ronna McDaniel said Tuesday on Fox News. In the final days before the GOP primary there, Trump paraded a series of South Carolina Republican officials onstage at his rallies, including Gov. Worst of all, no one returned my calls.”Fundraising dried up, and Haley’s campaign directed most of its funds to TV. “Any other person probably would have just quit and caved in there, but she knew that South Carolina needed her,” Ballentine said.

Persons: Nikki Haley, Donald Trump’s, Haley, Trump’s, Trump, ”, Joe Biden —, Donald, ” Haley’s, —, he’s, “, “ Nikki ‘ Birdbrain ’ Haley, ” Trump, MAGA, ” Haley, Nimarata Nikki Randhawa, “ Nikki ”, Michael Haley’s, Barack Obama, Hussein, Donald Donald Trump, Jabin, Biden, — Trump, Donald Trump, Ronna McDaniel, Dave Bossie, I’m, ” Trump’s, Henry McMaster, Gov, Pamela Evette, South Carolina Sen, Tim Scott —, ” Scott, Pope, ” Pope, Reid Hoffman, Dmitri Mehlhorn, ” Mehlhorn, Biden’s, ’ Haley, Nathan Ballentine, “ She’s, David Goldman, –, Mark Sanford –, he’d, ” Ballentine, Sarah Palin, McMaster, she’d, hasn’t, Chip Felkel, it’s, Felkel, you’ve, ” Felkel, Schouten, Jeff Zeleny, Ebony Davis, Daniel Strauss, Kristen Holmes Organizations: CNN, Former South Carolina Gov, Republican, Republicans, Trump, New Hampshire —, Palmetto State, New Hampshire, Republican Party, True American Patriots, United Nations, Fox News, Washington Post, GOP, ” Republican, RNC, South Carolina Republican, Gov, Senate, North Carolina Republican, “, LinkedIn, Haley, PAC, SFA, Inc, New, SC, Super, Biden, – South Carolina Gov, South, South Carolina GOP Locations: New Hampshire, North Charleston, South Carolina, New, Nashua , New Hampshire, Maryland, North Carolina, Columbia , South Carolina, Argentina, Carolina

Sen. Todd Young speaks to reporters before a Republican Senate policy luncheon at the US Capitol Building on September 19, 2023 in Washington, DC. Samuel Corum/Getty ImagesStatus of border talks remains unclearFrustration reigned inside the Senate GOP on Thursday amid lingering confusion over the status of a border deal. Pressed on whether it was realistic to pass a border deal with Trump opposing it, Young said: “It may be possible. This is about security for our own country and so let’s keep pushing to get this border deal,” she said. Sen. Chris Murphy of Connecticut, one of the Democrats involved in the border talks, expressed frustration about Trump seeking to inject chaos into the situation.

Persons: Donald Trump, Trump, doesn’t, Joe Biden, Mitch McConnell, McConnell, Biden, ”, GOP Sen, Mitt Romney, ’ ”, ’ ” GOP Sen, Todd Young, “, James Lankford, ” Young, Sen, Anna Moneymaker, Underscoring, Thom Tillis, North Carolina –, –, Tillis, ” Tillis, McConnell –, “ We’re, ” McConnell, ” Sen, John Thune, we’ll, ” Thune, Samuel Corum, Young, you’ve, Ron Johnson of, ” Johnson, “ James Lankford, It’s McConnell, Republican Sen, Lisa Murkowski, “ I’m, Murkowski, Chris Murphy of, Donald Trump –, ” Murphy Organizations: Republicans, Trump, GOP, Capitol, ’ ” GOP, Republican, Building, CNN, Getty Locations: Ukraine, Utah, Indiana, Washington , DC, North Carolina, Ron Johnson of Wisconsin, “, Alaska, Chris Murphy of Connecticut

☆ These 20 GOP senators still haven't endorsed Trump — and some of them probably never will
▼ + stars: | 2024-01-24 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Yet in the Senate, long a bastion of Republican resistance (or at least hesitancy) to Trump, there are still a number of holdouts. As of January 24, there are still 20 Republican senators — out of 49 total — who have not endorsed Trump's 2024 bid. AdvertisementSome of those senators can be expected to get behind Trump when his nomination becomes official, or at least uncontested. Four current GOP senators — Bill Cassidy of Louisiana, Susan Collins of Maine, Lisa Murkowski of Alaska, and Mitt Romney of Utah — voted to convict Trump for incitement of an insurrection following January 6. AdvertisementYet GOP lawmakers have faced pressure, both from Trump and their voters, to fall in line.

Persons: —, Donald Trump's, Nikki Haley, Haley, Ralph Norman of, Trump's, Trump, Mitch McConnell, Bill Cassidy of, Susan Collins of, Lisa Murkowski, Mitt Romney, Utah —, it's, Sen, Todd Young, Young, JD Vance, Ohio, I've, haven't, John Boozman, Arkansas Shelly Moore Capito, West Virginia Bill Cassidy, Louisiana Susan Collins, Maine Joni Ernst, Chuck Grassley, Iowa Ron Johnson, Wisconsin John Kennedy of, Wisconsin John Kennedy of Louisiana James Lankford of, Wisconsin John Kennedy of Louisiana James Lankford of Oklahoma Mitch McConnell, Jerry Moran, Kansas Lisa Murkowski, Alaska Rand Paul of Kentucky Pete Ricketts, Nebraska Mitt Romney, Utah Mike Rounds, South Dakota Dan Sullivan, Alaska John Thune of, Alaska John Thune of South Dakota Thom Tillis, North Carolina Todd Young Organizations: Service, Republican, Business, Trump, Republicans, Senate, Todd Young of Indiana, New, Nebraska, South Dakota, Alaska John Thune of South Dakota, North Carolina Locations: Iowa, New Hampshire, Ralph Norman of South Carolina, Bill Cassidy of Louisiana, Susan Collins of Maine, Alaska, Utah, Arkansas, West, Louisiana, Wisconsin, Wisconsin John Kennedy of Louisiana, Wisconsin John Kennedy of Louisiana James Lankford of Oklahoma, Alaska John Thune of South, Indiana

With Donald Trump poised to capture the 2024 Republican presidential nomination, the former president is effectively holding auditions for a running mate – and a growing list of vice presidential hopefuls is starting to surface. Doug BurgumThe North Dakota governor, another Republican primary contender at one point, ran on small-town, business-savvy, conservative-values charm. He was on hand in New Hampshire on primary day, stumping for Trump and glad-handing with voters. “Not only do [Republicans] support President Trump, we support his policies,” Greene in an interview with MSNBC. Positioned directly behind Trump as he delivered his New Hampshire primary victory speech, Scott showed his allegiance to the former president while managing to sidestep a setup to bash Haley, telling Trump, "I just love you," Trump replied: "That's why you're a great politician."

Persons: Donald Trump, –, Trump, Nikki Haley, “, ”, Here’s, Doug Burgum, Marjorie Taylor Greene, She’s, ” Greene, isn’t, ” Kari Lake, Vivek Ramaswamy, Ramaswamy, Sen, Tim Scott The, Haley, Scott, Elise Stefanik, she’s, she’d, J.D, Vance Organizations: GOP, South Carolina Gov, Fox, Gov, North, Trump, Rep, Republican, Freedom Caucus, Republicans, Republican Party, MSNBC, “, Arizona, Tim Scott The South, Black Republicans, New Locations: New Hampshire, North Dakota, Georgia, Iowa, Tim Scott The South Carolina, Hampshire, New York

WASHINGTON (AP) — More people cast votes in Tuesday’s contest between former President Donald Trump and former U.N. Ambassador Nikki Haley than in any previous presidential primary of either party in New Hampshire’s history. Tuesday’s primary currently ranks fourth in combined turnout. Trump holds the distinction of receiving the most votes ever in a New Hampshire presidential primary, with about 173,000 votes as of Wednesday morning. Trailing just behind was the 2016 GOP primary, which gave Trump his first of three wins in the Granite State.

Persons: —, Donald Trump, Nikki Haley, Sen, Bernie Sanders, Bend Mayor Pete Buttigieg, Trump, Sanders, Barack Obama, Hillary Clinton Organizations: WASHINGTON, Granite State Republicans, Democratic, Bend Mayor, Republican, GOP Locations: Tuesday’s, New, Vermont, Bend, Indiana, New Hampshire, Sens, Granite State

☆ SAP is restructuring 8,000 jobs as it shifts focus to AI
▼ + stars: | 2024-01-24 | by ( Michelle Toh | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —One of Europe’s most valuable companies is restructuring 8,000 jobs as it joins a growing list of firms shifting their focus to artificial intelligence. SAP (SAP), the enterprise software giant, announced Tuesday that it would spend €2 billion ($2.2 billion) this year on the transformation, including buyouts and retraining programs. “The majority of the approximately 8,000 affected positions is expected to be covered by voluntary leave programs and internal re-skilling measures,” SAP said. Last summer, it announced investments in three generative AI companies, adding to a pledge to invest more than $1 billion to fund AI-powered enterprise tech startups. Many US tech firms have also announced large investments in AI as they kick off sweeping reorganizations.

Persons: Christian Klein, Alibaba Organizations: Hong Kong CNN, SAP, Wipro, Huawei, US Locations: Hong Kong, New York

☆ U.S. firms prefer India over China for supply chain needs despite risks
▼ + stars: | 2024-01-24 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

U.S. firms are increasingly viewing China as a risky bet for their supply chains — neighbor India is set to benefit as companies look elsewhere to set shop. As many as 61% of the 500 executive-level U.S. managers surveyed by UK market research OnePoll said they would pick India over China if both countries could manufacture the same materials, while 56% preferred India to serve their supply chain needs within the next five years over China. The survey showed that 59% of the respondents found it "somewhat risky" or "very risky" to source materials from China, compared with 39% for India. At least a quarter of the executives who participated in the independent, third party survey, commissioned by marketplace India Index in December, do not currently import from either China or India. "Companies are seeing India as a long-term investment strategy as opposed to a short-term pivot to avoid tariffs," said Samir Kapadia, CEO of India Index and managing principal at Vongel Group, in an exclusive interview with CNBC.

Persons: OnePoll, Samir Kapadia, Joe Biden, Narendra Modi Organizations: India Index, Vongel Group, CNBC, U.S, White House Locations: China, India

☆ India's Zee Entertainment dives 31% after Sony calls off mega merger
▼ + stars: | 2024-01-23 | by ( Arjun Kharpal | ) www.cnbc.com time to read: 1 min

Logo for ZEE5, an over-the-top platform of Zee Entertainment Enterprises. Shares of India's Zee Entertainment fell 31% on Tuesday after a division of Japanese tech giant Sony scrapped plans for a merger. Sony first proposed to combine its India entertainment business with Zee in December 2021. Those negotiations collapsed after more than two years. On Monday, Sony said that it terminated the merger because "among other things, the closing conditions to the Merger were not satisfied" by the agreed closing date.

Organizations: Zee Entertainment Enterprises, India's Zee Entertainment, Sony, Zee Locations: India

☆ Factbox-Who Is the Republican 2024 US Presidential Hopeful Nikki Haley?
▼ + stars: | 2024-01-23 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +5 min

(Reuters) - U.S. presidential contender Nikki Haley has enjoyed a bump in support among voters and donors over the last four months, and is now the lone challenger to former President Donald Trump for the Republican presidential nomination. She is the daughter of two immigrants from India who ran a clothing store in rural South Carolina, and has spoken occasionally about the discrimination her family faced. She took on leadership roles in several business organizations before winning a seat in the South Carolina state legislature in 2004. Haley also appointed Tim Scott, then a U.S. representative from South Carolina, to the U.S. Senate in 2012. UNITED NATIONS AMBASSADORHaley endorsed several rivals to Trump in the 2016 Republican presidential nominating contest, and occasionally tangled with him during the primaries.

Persons: Nikki Haley, Donald Trump, Haley, Trump, Tim Scott, Scott, Charles Koch, Florida Governor Ron DeSantis, DeSantis, Democrat Joe Biden, Gram Slattery, Ross Colvin, Jonathan Oatis Organizations: Reuters, Republican, Republican Party, Clemson University, SOUTH CAROLINA GOVERNOR, Capitol, U.S . Senate, Trump, UNITED NATIONS, United Nations, Republicans, Ukraine, U.S ., Florida Governor, TRUMP, U.S, Democrat Locations: Tuesday's New Hampshire, New England, India, South Carolina, United States, U.S, Iran, China, U.S . Civil, Iowa, North Korea, Russia

☆ Trump is turning to racism to mock Nikki Haley's Indian name. Experts say it could backfire.
▼ + stars: | 2024-01-22 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +6 min

Donald Trump is reaching for racism against his political opponent — this time, against former South Carolina Gov. "I know President Trump well," Haley recently told CNN's Jake Tapper in response to Trump's insults. Among the nicknames Trump has reportedly brainstormed for DeSantis, one of the names he thought of for the Florida governor, according to a New York Times report, was "Meatball Ron." Name-calling can backfireSome political consultants have argued that Trump's name-calling is an effective campaign tactic. "Whatever effect we found was all focused on the actual attacker," Dusso told BI in an interview.

Persons: —, Donald Trump, Nikki Haley, Haley, Nimrata Nikki Randhawa, He's, Trump, CNN's Jake Tapper, Trump's, Steven Cheung, — Hussein, Kamala Harris's, Elaine Chao, Coco Chow, Chao, DeSantis, Ron, They're, Brad Bannon, Aaron Dusso, Dusso, Dusso's Organizations: Service, South Carolina Gov, Business, Republican Party, Trump, GOP, Florida, New York Times, Times, Democratic, Indiana University, Purdue University Indianapolis, Republican Locations: Iowa, South Carolina, New Hampshire, China, Florida, Italian American

Leading up to the temple’s consecration, public spaces around India were thrumming with excitement. Ram is one of the most revered gods among India’s Hindus, who make up about 80 percent of a total population of 1.4 billion. Islam does not appear in the Ramayana, having arrived in India only 1,000 years ago. But it is cast as the primary villain in the Hindu-nationalist telling of India’s history. Now, with a kind of spiritual and political homecoming for Mr. Modi, the Ram campaigners have the temple they had sought for decades.

Persons: Narendra Modi, Ram, Modi Locations: Indian, Ayodhya, India

☆ New sanctions on Russian diamonds will change the global trade in gems
▼ + stars: | 2024-01-22 | by ( Sarah Kent | ) edition.cnn.com time to read: +5 min

But as of the start of January, EU and G7 countries have banned the direct purchase of non-industrial diamonds from Russia. This move will be followed by further restrictions on the import of Russian diamonds processed in third countries starting in March. Industry groups including the World Diamond Council, Antwerp World Diamond Centre, the Gem and Jewellery Export Council of India and the Gemological Institute of America (GIA) have been working together to develop an effective solution. What does this mean for the diamond industry? LVMH-owned Tiffany and Richemont both said they stopped sourcing Russian stones shortly after the war in Ukraine broke out.

Persons: Russia’s, Pavel Alekseevich Marinychev, ”, Paul Zimnisky, Russia they’ll, Andrey Rudakov, Morgane Winterholer, De Beers, Tiffany, Richemont Organizations: CNN, European, Bloomberg, Getty, EU, Industry, World Diamond Council, Diamond Centre, Jewellery Export, of India, Gemological Institute of America, “, ”, GIA Locations: Ukraine, Canada, Japan, France, Germany, Italy, Antwerp, Belgian, Russia, Europe, Moscow, “

☆ A tech CEO died after falling 20 feet to the stage at a company event when a cable snapped
▼ + stars: | 2024-01-22 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

The CEO of an Illinois-based software firm died following an incident at a company event, reports say. The company was holding an event in Hyderabad, India to celebrate its 25th anniversary. AdvertisementA tech CEO died following an incident at a company event in India, multiple outlets reported. The two men can be seen falling out of the cage and plunging about 20 feet to the stage. Shah, 56, was the founder of Vistex and CEO of the revenue management software firm for 25 years.

Persons: Sanjay Shah, Vistex, —, Vishwanath Raju Datla, Shah Organizations: Service, The Times, Film, CBS News Locations: Illinois, Hyderabad, India

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