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☆ Why there is a new global race to the moon
▼ + stars: | 2024-01-20 | by ( Magdalena Petrova | ) www.cnbc.com time to read: +2 min

But moon landings are likely to become more common over the next few years. "The moon is a proving ground," said Michelle Hanlon, executive director at the Center for Air and Space Law at the University of Mississippi. But, once we figure that out, the helium-3 on the moon could seriously power the Earth, the entire Earth, for centuries," Hanlon said. "But a second, newer part to this is the belief that there are significant resources on the moon that are useful to Earth, or useful for future space flight." To find out more about the new moon race and why the U.S. and China are currently the leaders, watch the video.

Persons: Michelle Hanlon, Hanlon, Dean Cheng Organizations: European Space Agency, Center for Air, Space, University of Mississippi, United States Institute of Peace Locations: Japan, Russia, China, India

☆ Larry Fink just kicked off the last chapter of his BlackRock reign
▼ + stars: | 2024-01-12 | by ( Michelle Abrego | Rebecca Ungarino | ) www.businessinsider.com time to read: +6 min

This all comes as Larry Fink, 71, is entering what is likely the last chapter of a successful career as cofounder and chief executive of $10 trillion BlackRock. Here's everything you need to know:BlackRock is set to buy Global Infrastructure Partners in its biggest deal in 15 yearsThroughout 2023, Fink signaled that a "transformational deal" was on the cards. He found his target in private equity firm and infrastructure investor Global Infrastructure Partners, the firm announced on Friday. Jessica Tan, head of BlackRocks' sustainability and transitions strategy, will head the global product solutions team in the Americas. Charles Hatami, global head of the financial and strategic investor group that focuses on relationships with large investors like insurers and sovereign wealth funds, will join BlackRock's global executive committee.

Persons: Larry Fink, Fink, Rob Kapito, BlackRock iShares, GIP, Kapito, Goldman Sachs, Goldman, David Solomon's, Ogunlesi, Wells, Mike Mayo, Larry, Stephen Cohen, Salim Ramji, Jessica Tan, Jane Sloan, GIP's, Edwin Conway, Conway, Rachel Lord, Lord, Charles Hatami Organizations: Business, BlackRock, Global Infrastructure Partners, GIP, London Gatwick, Wall Street, Asia Pacific, Securities, Exchange Commission Locations: Sydney, Bayo, Ogunlesi, BlackRock, Americas, Europe, East, India, Asia, Pacific

☆ With Washington Capitals, Wizards move to Virginia, owner Ted Leonsis pursues his vision of a $10 billion sports empire around Washington, D.C.
▼ + stars: | 2023-12-14 | by ( Ian Thomas | ) www.cnbc.com time to read: +8 min

Glenn Youngkin (L) looks on during the announcement of a new sports arena for the Washington Wizards NBA basketball team and Washington Capitals NHL hockey team, on December 13, 2023 Virginia. Win Mcnamee | Getty Images News | Getty ImagesTed Leonsis, the owner of the NBA's Washington Wizards and the NHL's Washington Capitals, has a grand vision for growing a regional sports empire. Glenn Youngkin announced that the Capitals and Wizards have agreed to move to a new arena in Alexandria, Virginia, as part of a $2 billion entertainment complex in 2028. How will they compete with big market teams? "We could have a billion-and-a-half-dollar revenue run rate and a $10 billion to $15 billion trend of valuation," Leonsis said.

Persons: Ted Leonsis, Glenn Youngkin, Win Mcnamee, Leonsis, we'll, aren't, I'm, it's, It's, David Rubenstein, David Blitzer, Blackstone, James Dolan, Stan Kroenke, Kroenke, I've Organizations: Monumental Sports, Entertainment, Virginia Gov, Washington Wizards NBA, Washington Capitals NHL, Getty, Washington Wizards, NHL's Washington Capitals, CNBC, Summit, Washington , D.C, AOL, Capitals, Wizards, Washington Mystics, Capital, D.C, Sports, Mystics, NHL, Baltimore Orioles, Washington Nationals, MLB, Carlyle Group, Bloomberg, Orioles, Red Sox, Fenway Sports Group, Boston Red Sox, Pittsburgh Penguins, Premier League's Liverpool, Philadelphia 76ers, New, New Jersey Devils, Washington, Cleveland Guardians, MSG, Sphere Entertainment, Madison Square Garden Entertainment, New York Knicks, Rangers, MSG Networks, Atlanta Braves Holdings, Liberty Media, Sports & Entertainment, Nuggets, Avalanche, Los Angeles Rams, Premier League's Arsenal FC, Qatar Investment Authority, MSG Sports, NHL's Rangers, NBA's Knicks, Phoenix Suns, NBA, Ottawa Senators, Braves Locations: Virginia, Alexandria , Virginia, Washington ,, Washington, London, Richmond, Delaware, New Jersey, Real Salt Lake, Denver, MLS's Rapids, Colorado, Monumental

☆ Washington sports teams Capitals, Wizards to move to new Virginia complex in 2028
▼ + stars: | 2023-12-13 | by ( Drew Richardson | ) www.cnbc.com time to read: +1 min

watch nowThe National Hockey League's Washington Capitals and the National Basketball Association's Washington Wizards are slated to move to Alexandria, Virginia, as part of a $2 billion entertainment complex effort, the state's Gov. The development, about 8 miles south of Washington, D.C., will house the new global headquarters for Monumental Sports & Entertainment, which owns the Capitals and Wizards, as well as the new home arena for the teams. Glenn Youngkin answers questions following the announcement of a new sports arena for the Washington Wizards NBA basketball team and Washington Capitals NHL hockey team, December 13, 2023 in Alexandria, Virginia. Win Mcnamee | Getty Images News | Getty Images"This is the most visionary sports and entertainment development in the world. Legislators will have to greenlight the creation of the complex in the next Virginia General Assembly session.

Persons: Glenn Youngkin, Win Mcnamee, Youngkin Organizations: Hockey League's Washington Capitals, National Basketball, Washington Wizards, Washington , D.C, Monumental Sports & Entertainment, Capitals, Wizards, Virginia Gov, Washington Wizards NBA, Washington Capitals NHL, Getty, Virginia General Locations: Alexandria , Virginia, Washington ,, Commonwealth, Virginia

A man talks on the phone during the United Nations Climate Change Conference (COP28), in Dubai, United Arab Emirates, December 4, 2023. REUTERS/Amr Alfliky Acquire Licensing RightsDec 5 (Reuters) - Six of the world's largest dairy companies will soon begin disclosing their methane emissions as part of a new global alliance launched at the United Nations climate summit in Dubai on Tuesday. Livestock is responsible for about 30% of global anthropogenic methane emissions, from sources like manure and cow burps, according to the U.N.'s Food and Agriculture Organization. The five members of the Dairy Methane Action Alliance - Danone (DANO.PA), Bel Group, General Mills (GIS.N), Lactalis USA, Kraft Heinz (KHC.O) and Nestle (NESN.S) - will begin reporting their methane emissions by mid-2024 and will write methane action plans by the end of that year. Danone this year pledged to cut methane emissions from its fresh milk supply chain by 30% by 2030.

Persons: Amr Alfliky, General Mills, Kraft Heinz, Chris Adamo, There’s, Katie Anderson, Anderson, Leah Douglas, Josie Kao Organizations: United Nations, Change, United Arab Emirates, REUTERS, United, Livestock, Agriculture Organization, Danone, Bel Group, General, Lactalis, Nestle, U.S . Environmental Protection Agency, Clean Air Coalition, United Nations Environment Programme . Companies, Environmental Defense, EDF, Reuters, Thomson Locations: Dubai, United Arab, United Nations, Lactalis USA

☆ COP28: What sea level rise will look like in the cities that have hosted global climate summits
▼ + stars: | 2023-12-03 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +10 min

And scientists say the steady climb of global sea level will continue for many decades as temperatures crank higher. A photo illustration of the Burj Khalifa in Dubai, United Arab Emirates, if we sharply cut carbon pollution (1.5°C global warming). Climate Central A photo illustration of the Burj Khalifa in Dubai, United Arab Emirates, if we keep our current carbon path (3°C global warming). Climate Central Photo illustrations from Climate Central What sea-level rise could look like at the Burj Khalifa in Dubai, United Arab Emirates. A photograph of the Fortaleza del Real Felipe in Lima, Peru, if we sharply cut carbon pollution (1.5°C global warming).

Persons: Sabelle, ”, Benjamin Strauss, ” Strauss, Chhatrapati Shivaji Maharaj Vastu, Shivaji Maharaj Vastu Organizations: CNN, Climate Central, UN, United Arab Emirates, Fortaleza del Real Felipe, Climate, Durban City Hall, U.S . Navy, NGA, World Meteorological Organization Locations: Dubai, Burj Khalifa, United Arab Emirates, United Arab, Fortaleza, Lima , Peru, Earth’s, Climate Central, COP21, Paris, Durban, South Africa, Mumbai, India, Chhatrapati, Antarctica, Copenhagen, Denmark, Christiansborg, COP28

☆ Floods kill more than 20 people in northern Tanzania
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: +1 min

DAR ES SALAAM, Dec 3 (Reuters) - At least 20 people have been killed by floods after heavy rain in the Manyara region of northern Tanzania, the ministry of health said on Sunday. Severe flooding caused by the El Nino weather phenomenon has killed hundreds of people in Kenya and Somalia in recent weeks. "We are very shocked by this event," President Samia Suluhu Hassan said in a video message posted online by the Tanzanian ministry of health. The more than 20 people were killed in Katesh village in the Hanang district of Manyara, the president said. The heavy rain on Saturday night caused landslides in some areas of Mount Hanang, domestic media outlets reported, adding that the waters also swept away livestock.

Persons: Samia Suluhu Hassan, Nuzulack Dausen, Duncan Miriri, Alison Williams Organizations: DAR, SALAAM, El, Tanzanian, Thomson Locations: Manyara, Tanzania, Kenya, Somalia, East Africa, Katesh, Hanang, Mount Hanang

☆ An investing legend dies
▼ + stars: | 2023-11-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

AdvertisementIn today's big story, we're looking back on the life of investing legend Charlie Munger. What's on deck:But first, remembering Charlie Munger. AdvertisementCharlie Munger, the billionaire investing legend who led Berkshire Hathaway alongside Warren Buffett, died Tuesday at age 99. Despite being overshadowed by Buffett, Munger wasn't afraid to share his opinion. Speakers include Vice President Kamala Harris, President of Taiwan Tsai Ing-wen, Elon Musk, Bob Iger, Jamie Dimon, Lina Khan, Shonda Rhimes, and other major execs.

Persons: Charlie Munger, Charlie Munger Johannes Eisele, Berkshire Hathaway, Warren Buffett, Munger, I'm, Buffett, Munger's, they'd, Charles Platiau, Frederic J . Brown, Chelsea Jia Feng, Wall, Peacock, Kamala Harris, Taiwan Tsai Ing, Elon Musk, Bob Iger, Jamie Dimon, Lina Khan, Shonda Rhimes, Costco Monica Humphries, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Getty, Berkshire, Berkshire Hathaway, SevenSix Agency, Delta Air Lines, Toyota, Gucci, Google, Wall, Rockefeller, NBC, The New York Times, Taiwan, Costco Locations: Wisconsin, What's, AFP, California, Omaha, Omaha , Nebraska, Berkshire, Charles, Kensington, Chelsea, New York City, San Diego, London, New York

☆ There is no 'smoking gun' linking social media use to mental health harm, a study using data from over 2 million people found
▼ + stars: | 2023-11-28 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

A new study by the Oxford Internet Institute found little evidence that Internet use harms mental health. The study analyzed whether there's a link between internet adoption and mental well-being. AdvertisementThe idea that using the internet including using social media apps and smartphones can harm mental health has been disputed by a new global study published by the Oxford Internet Institute on Tuesday. Still, they found there was little evidence to show that increased internet usage was associated with negative mental health impacts. Despite these findings, social media firms have come under fire in recent years for contributing to young people's mental health problems.

Persons: —, Andrew Przybylski, Matti Vuorre, Przybylski, Instagram Organizations: Oxford Internet Institute, Service, Mental Health, Wall Street Locations: OII

Firms like PetroChina (601857.SS) and CNOOC Gas and Power have signed long-term contracts with Shell (SHEL.L) to buy "carbon neutral" liquefied natural gas (LNG), which uses "forest offsets" to balance out carbon emissions. Greenpeace, which has long opposed fossil fuel producers counting carbon offsets toward their emissions reduction goals, said the "carbon neutral" branding was misleading the public. "For oil and gas companies in particular, carbon offsets are a smokescreen to obscure their continued, redoubled carbon emissions," said Li Jiatong, project leader with Greenpeace in Beijing. Rising sales of "carbon neutral" LNG are being driven by a surge in gas demand, particularly in Asia. While it is still a major source of greenhouse gas emissions, gas is cleaner than coal and has been described as a "bridge fuel" in the global energy transition, but anti-fossil fuel groups oppose any new gas projects.

Persons: Stringer, Li Jiatong, PetroChina, COP28, Polly Hemming, Hemming, David Stanway, Andrew Hayley, Emily Chow, Sonali Paul Organizations: REUTERS, Rights, Greenpeace, CNOOC, Power, Shell, International Energy Agency, Energy, Australia Institute, Thomson Locations: Nantong, Jiangsu province, China, Rights SINGAPORE, Beijing, Asia

☆ The UAE planned to use the global climate summit it's hosting as a chance to strike new oil and gas deals, BBC report says
▼ + stars: | 2023-11-27 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

The UAE is hosting the COP28 climate change summit. The BBC reported it planned to make secret oil and gas deals. Among them, UAE COP28 planning officials intended to discuss liquefied natural gas development projects by UAE state energy firm Adnoc with China, the BBC reported. The UAE in a statement to the BBC did not deny that it planned on holding oil and gas deal talks, and said "private meetings are private." Leaders from nearly 200 countries are gathering in the UAE on Thursday for the COP28 summit.

Persons: Sultan al, Jaber, Dr Jaber, Adnoc, it's Organizations: BBC, Service, United Arab Emirates, Center, Climate, UAE, UN Locations: UAE, Gulf, China, Colombia, Masdar

GENEVA (AP) — The World Health Organization says it has made an official request to China for information about a potentially worrying spike in respiratory illnesses and clusters of pneumonia in children. The U.N. health agency cited unspecified media reports and a global infectious disease monitoring service as reporting clusters of undiagnosed pneumonia in children in northern China. Political Cartoons View All 1265 ImagesWHO said media reports about a week later reported clusters of undiagnosed pneumonia in children in northern China. WHO said that northern China has reported a jump in influenza-like illnesses since mid-October compared to the previous three years. It is rare for the U.N. health agency to publicly ask for more detailed information from countries, as such requests are typically made internally.

Persons: David Heymann, ” Heymann, Francois Balloux, ” Balloux, China's, ___ Cheng, Wanqing Chen Organizations: GENEVA, World Health Organization, WHO, National Health Commission, London School of Hygiene, Tropical Medicine, University College London, Beijing Children’s Hospital, China National Radio, Health Commission, Xinhua News Agency Locations: China, Beijing, London

☆ EY and PwC Diverge in Choice of Global Head
▼ + stars: | 2023-11-21 | by ( Mark Maurer | ) www.wsj.com time to read: 1 min

Two of the world’s largest accounting firms, Ernst & Young and PricewaterhouseCoopers, picked global chairs with starkly different backgrounds but tailored to the specific problems they are facing, from governance issues to slowing revenue growth. EY picked Janet Truncale, 53, head of its Americas financial-services business as its new global chair and chief executive last week. Truncale, who rose from being an EY intern to her appointment as the first woman to run a Big Four firm, is a certified public accountant by training with core skills in auditing, accounting and consulting, which will be key to moving the firm beyond the abandoned split of its advisory and audit arms into separate businesses.

Persons: Ernst &, EY, Janet Truncale, Truncale Organizations: Ernst, Ernst & Young, PricewaterhouseCoopers

☆ China's carbon emissions set to peak before 2030 - expert poll
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

SINGAPORE, Nov 21 (Reuters) - China is on track to meet a goal to bring its climate-warming carbon dioxide emissions to a peak before 2030, according to a poll of 89 experts from industry and academia published on Tuesday, though questions remain over how high the top will be. More than 70% of respondents said China, the world's biggest carbon dioxide emitter, will be able to meet the target, with two saying its emissions had already peaked, in a poll compiled by the Centre for Research on Energy and Clean Air (CREA), a Helsinki-based think tank. Still, "experts remain concerned about how high the peak emissions would reach compared to previous levels," CREA said, with a majority of respondents expecting the total to be at least 15% higher than the 2020 level. Half of the experts surveyed by CREA said they believed China would reach peak primary energy consumption before the end of this decade, though nearly a quarter still forecast it would continue to rise even after 2035. CREA's lead analyst Lauri Myllyvirta said last week it was likely China's emissions would go into a "structural decline" from next year, with renewable sources capable of meeting new energy demand.

Persons: CREA, CREA's, Lauri Myllyvirta, David Stanway, Sonali Paul Organizations: Centre for Research, Energy, Clean, Dubai, U.S, Thomson Locations: SINGAPORE, China, Helsinki, Beijing

☆ Bill Gates’ holiday list: 3 of the best books he read in 2023—plus 2 other recommendations 'just for fun'
▼ + stars: | 2023-11-20 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +5 min

Bill Gates is once again marking the holiday season with a list of some of his favorite books he read in the past year. His latest holiday list also includes a series of online economics lectures he calls "fantastic" and a holiday-themed Spotify playlist "just for fun." The book will help you better understand your own body, particularly what it means when you get sick, Gates wrote. The author "used to believe — as many environmental activists do — that she was 'living through humanity's most tragic period,'" Gates wrote. Gates' holiday Spotify playlistGates's 54-song playlist is available on his Spotify profile "just for fun," he wrote.

Persons: Bill Gates, Gates, Siddhartha Mukherjee Mukherjee, Columbia University oncologist, Mukherjee, Hannah Ritchie, Ritchie, Vaclav Smil Smil, he's, Smil, Timothy Taylor Gates, Taylor, King Cole's Organizations: Microsoft, Columbia University, University of Oxford, University of Manitoba, Stanford, Macalester College Locations: U.S

☆ Morgan Stanley CEO says his firm is ready for 'Basel III endgame' — the sweeping new global rules on banking
▼ + stars: | 2023-11-16 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

James Gorman, chairman and chief executive of Morgan Stanley, speaks during the Global Financial Leader's Investment Summit in Hong Kong, China, on Tuesday, Nov. 7, 2023. The de-facto central bank of the Chinese territory is this week holding its global finance summit for a second year in a row. Photographer: Lam Yik/Bloomberg via Getty ImagesSINGAPORE — Morgan Stanley Chairman and CEO James Gorman said his firm will be able to cope with "any form" that new banking regulations end up taking, but added he expects some watering down before the final rules are confirmed. U.S. regulators on Tuesday defended their plans for a sweeping set of proposed changes to banks' capital requirements, speaking in front of the U.S. Senate Banking Committee. These proposed changes in the U.S. seek to incorporate parts of international banking regulations known as Basel III, which was agreed to after the 2008 crisis and has taken years to roll out.

Persons: James Gorman, Morgan Stanley, Lam Yik, Getty Images SINGAPORE — Morgan Stanley, it's, Gorman, Morgan, I've Organizations: Financial, Investment, Bloomberg, Getty Images SINGAPORE, U.S . Senate Banking Committee, Basel III, CNBC, Pacific, Federal Reserve, Fed Locations: Hong Kong, China, U.S, Basel, —, Morgan Stanley's, Asia, Singapore, New York

☆ EY Picks Janet Truncale as Global Chair as Accounting Firm Looks Beyond Failed Split
▼ + stars: | 2023-11-15 | by ( Mark Maurer | ) www.wsj.com time to read: 1 min

Ernst & Young appointed Janet Truncale as global chair and CEO, effective July 2024. Photo: Ernst & YoungErnst & Young executives selected the head of its Americas financial services business as the new global chair to succeed Carmine Di Sibio , the architect of the failed split of its audit and advisory businesses, as the Big Four accounting firm works to move out of the shadows of the botched plan. Janet Truncale will be the first woman to serve as global chair and chief executive of the roughly 395,000-person firm, effective July 1, 2024. The 18-person global executive committee on Wednesday told partners they had elected her to a four-year term, among the six nominees, making the ratification official.

Persons: Ernst, Young, Janet Truncale, Young Ernst, Carmine Di Sibio Organizations: Ernst, Young, Big, Wednesday

The world-first climate "loss and damage" fund is set to be launched during the United Nations COP28 climate summit to be held Nov. 30-Dec. 12 in Dubai in the United Arab Emirates. "The Commissioner is ready to announce substantial financial contribution by the EU and its member states to the loss & damage fund at COP28 in the context of an ambitious outcome at COP28," the European Commission and the UAE's incoming COP28 president said in a joint statement, referring to EU Climate Commissioner Wopke Hoekstra. Adnan Amin, CEO of the COP28 summit, said the aim was to secure several hundred million U.S. dollars for it by the end of the event. He said he was "hopeful" that the COP28 host, the UAE, would also make a contribution. Countries agreed at last year's U.N. climate talks to launch the climate damage fund, a deal hailed as a breakthrough by more vulnerable, developing nations that have long demanded support to cope with climate-driven damage from drought, floods and rising seas.

Persons: Stephanie Lecocq, Wopke Hoekstra, Adnan Amin, Amin, John Kerry, Washington, Kate Abnett, Bart Meijer, Gareth Jones, Mark Heinrich Our Organizations: Environmental, Republique, New Global Financial, REUTERS, Rights, European Union, United, EU, European Commission, Finance, Reuters, Bloomberg, Economy, Thomson Locations: Paris, France, Rights BRUSSELS, United Nations, Dubai, United Arab Emirates, COP28, EU, UAE, Singapore

FILE PHOTO: The Goldman Sachs company logo is on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 13, 2021. Companies, including banks, are grappling with the potential advantages which generative AI can provide their businesses, but also how to manage the challenges the new technology creates. Rival Morgan Stanley (MS.N) is rolling out a generative AI bot that helps financial advisers find research or sift through thousands of forms. The fact that generative AI can offer responses to financial questions also means that, for those providing advice professionally, they need to do more to earn the fees they charge clients. Generative AI has drawn huge interest from investors, aiming to back those companies at the forefront of the technological innovation.

Persons: Goldman Sachs, Brendan McDermid, George Lee, Lee, Morgan Stanley, JPMorgan Chase, Saeed Azhar, David French, Daniel Wallis Organizations: New York Stock Exchange, REUTERS, Street, Reuters NEXT, Companies, OpenAI, JPMorgan, Reuters, reuters, Thomson Locations: New York City, U.S, New York, ChatGPT, Silicon

☆ China has a sweeping vision to reshape the world — and countries are listening
▼ + stars: | 2023-11-09 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +23 min

All this coincides with longstanding calls from countries across the developing world for an international system where they have more say. Beijing, he added, sees the US as merely “paying lip service” to the “liberal order” to hurt other countries. Sergei Savostyanov/Sputnik/ReutersIn recent years, even some countries that have for decades embraced a close partnership with the US have drawn closer to China and its vision. “Is China really trying to promote multipolarity — or does China just want to (become a) substitute (for) US influence over the world?” he asked. They also raise questions about how a more militarily and economically powerful China would behave globally, if left unchecked.

Persons: Xi Jinping, —, Xi, Vladimir Putin, General Antonio Guterres, ” Xi, , Shen Hong, they’d, ”, Yun Sun, liberalize, Sanjit Das, Shen Dingli, ‘, ’ ”, Russia’s Putin, Bashar al, Assad —, Assad’s, Sergei Savostyanov, Ali Sarwar Naqvi, “ We’ve, James Marape, ’, Rubens Duarte, Li Zhiquan, “, Tong Zhao, Zhao, Ted Aljibe, Luiz Inácio Lula da Silva, Zhang Youxia, Beijing’s, Gilberto Teodoro Jr, BRICS, Weeks, Joe Biden, Sergio Lima, ” — Organizations: Hong Kong CNN, United Nations, Forum, China, Communist, CNN, Beijing, Washington, Getty, Stimson, Bank, World Trade Organization, . Riot, Bloomberg, Initiative, Asian, Global, Sputnik, Reuters, Center for International Strategic Studies, Papua New Guinea, multipolarity, China News Service, Carnegie Endowment, International Peace, Global Security Initiative, NATO, Russia, Philippine Defense, Shanghai Cooperation Organization, United, New, Seven, Ministry, Global Security, Group, UN, Communist Party Locations: China, Hong Kong, Beijing, United States, Ukraine, Gaza, Russian, Xinhua, Washington, South, Taiwan, Tibet, Xinjiang, America, Shanghai, West, Hangzhou, Israel, Pakistan, Pakistani, Islamabad, Papua New, Brazil, Indonesia, Europe, Asia, Scarborough, South China, AFP, Moscow, Russia, “, Saudi Arabia, Iran, Palestine, India, South Africa, Argentina, Egypt, Ethiopia, United Arab Emirates, New Delhi, Southeast Asia, Latin America, Caribbean, ” Beijing

NEW YORK (AP) — The National Retail Federation, the nation’s largest retail trade group, expects holiday sales growth will slow to a range of 3% to 4%, compared with 5.4% growth of a year ago. For the holiday 2021 season, sales for the two-month period surged 12.7%. Analysts say that shoppers could become rattled if the Israel-Hamas war is not contained, particularly heading into the critical holiday season. Political Cartoons View All 1230 ImagesThe forecast from the retail trade group considers a variety of indicators including employment, wages, consumer confidence, disposable income, consumer credit, previous retail sales and weather. The consulting firm Deloitte expects holiday sales to jump between 3.5% and 4.6%.

Persons: It's, Craig Johnson, They’re, Kohl’s, It’s, ”, Christie Raymond, “ We’re, they’ve, they’re Organizations: National Retail Federation, Analysts, Federal, Federal Reserve, Fed, Mastercard SpendingPulse, Deloitte, Growth Partners, clogs Locations: Israel

☆ Putin wants the world to think the wars in Gaza and Ukraine are a Western plot — and it’s working
▼ + stars: | 2023-10-31 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

Putin sought to blame Western meddling for an antisemitic riot at a Dagestan airport. The Russian president has long blamed global unrest on Western plots. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. It is the current ruling elites of the US and their satellites who are the main beneficiaries of world instability," Putin said. Russia is exploiting an widening riftOne of Putin's core objectives is to break Western attempts to isolate Russia as punishment for the Ukraine invasion.

Persons: Putin, —, Vladimir Putin, Putin's, Clifford Kupchan, Tatiana Kastueva, Jean, Le, Nathalie Tocci, Benjamin Netanyahu Organizations: Service, Russian Security, AFP, Israel, Analysts, Eurasia Group, New York Times, US, Eurasia Center, French Institute of International Relations, Italian Institute of International Affairs, Guardian, Iran, Gulf, Israel's Locations: Dagestan, Russia, Tel Aviv, Russian, Makhachkala, Ukraine, Israel, AFP, Europe, Brazil, India, Pakistan, Indonesia, China, New York, Gaza, Moscow, Syria, Washington, Leningrad

☆ Goldman names Kamo as global head of dealmaking for financial sponsors
▼ + stars: | 2023-10-24 | by ( David French | ) www.reuters.com time to read: +1 min

[1/2] People walk in the Goldman Sachs global headquarters in Manhattan, New York, U.S., November 15, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsOct 24 (Reuters) - Goldman Sachs Group Inc (GS.N) has appointed David Kamo as its global head of financial sponsor mergers and acquisitions within its investment bank, according to a memo seen by Reuters on Tuesday. As well as assuming his new global role with financial sponsors, Kamo will continue heading cross markets M&A for Goldman, the memo added. The cross markets group is the bank's unit which focuses on advising middle-market businesses. Kamo joined Goldman in 2016 and became a partner at the Wall Street giant in 2020.

Persons: Goldman Sachs, Andrew Kelly, David Kamo, Goldman, Kamo, David French, Nick Zieminski Organizations: REUTERS, Goldman Sachs Group Inc, Reuters, Lehman Brothers, Barclays, Thomson Locations: Manhattan , New York, U.S, New York

The lower house, the State Duma, on Wednesday passed the second and third readings of a bill that revokes Russia's ratification of the Comprehensive Nuclear Test Ban Treaty. What is happening in the world today is the exclusive fault of the United States," parliament speaker Vyacheslav Volodin said. Defence Minister Sergei Shoigu visited Russia's testing ground in the remote northern archipelago of Novaya Zemlya in August. CNN published satellite images last month showing Russia, the United States and China have all built new facilities at their nuclear test sites in recent years. The Soviet Union last tested in 1990 and the United States in 1992.

Persons: Vladimir Putin, Putin, Vyacheslav Volodin, Volodin, Sergei Shoigu, Melissa Parke, Mark Trevelyan, Nick Macfie Organizations: States Arms, West, State Duma, Comprehensive, Washington, Defence, CNN, Stockholm International Peace Research Institute, International, Nuclear, Soviet Union, Thomson Locations: Russia, Moscow, United States, Russian, Ukraine, China, India, Pakistan, Korea, Washington, Novaya Zemlya, Stockholm, USA, Soviet Russia

☆ New Global Divisions on View as Biden Goes to Israel and Putin to China
▼ + stars: | 2023-10-18 | by ( Steven Erlanger | More About Steven Erlanger | ) www.nytimes.com time to read: +1 min

As President Biden lands in Israel on Wednesday, seeking to display steadfast American support for the country, President Vladimir V. Putin of Russia is in Beijing, seeking to display his “no limits” partnership with China’s top leader, Xi Jinping. Russia, China and Iran were already forming a new axis over Ukraine, one they have pursued diplomatically, economically, strategically and even ideologically. Russia relies on weapons from Iran and diplomatic support from China to fight in Ukraine. Iran has been isolated and only too happy to have new trading partners and some source of international legitimacy. China, whose economy is ailing, has saved billions of dollars by importing record amounts oil from countries under Western sanctions, like Russia and Iran.

Persons: Biden, Vladimir V, Putin, China’s, Xi, Russia’s Organizations: West Locations: Israel, Russia, Beijing, Ukraine, Gaza, China, Iran, United States

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