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☆ Putin's Hungarian ally Orban draws EU ire over 'peace mission' to Moscow
▼ + stars: | 2024-07-05 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

Russia's President Vladimir Putin meets with Hungary's Prime Minister Viktor Orban at the Kremlin in Moscow on July 5, 2024. Russia's closest European ally, Hungarian Prime Minister Viktor Orban, has drawn ire from the EU over his Friday trip to meet Kremlin leader Vladimir Putin in Moscow. Orban's trip to Moscow has also drawn the wrath of European officials, who questioned his authority to represent the bloc. Also referencing Orban's visit, European Commission President Ursula von der Leyen warned that "appeasement will not stop Putin. Only unity and determination will pave the path to a comprehensive, just and lasting peace in Ukraine."

Persons: Vladimir Putin, Viktor Orban, Orban, Putin, Volodymyr Zelenskyy, Zelenskyy, " Orban, Josep Borrell, Ursula von der Leyen, Donald Trump Organizations: Hungary's, Kremlin, EU, NATO, Reuters, Ukrainian Foreign Ministry Locations: Moscow, Russia's, Hungarian, Ukraine, Hungary, Russia, Europe, Brussels, EU

☆ Tesla up another 3% in premarket trading after better-than-expected deliveries report
▼ + stars: | 2024-07-03 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

A row of Tesla superchargers is shown at a supercharging location in Los Angeles on June 5, 2024. Tesla shares saw more gains in premarket trading Wednesday, after jumping 10% in the previous session following the release of second-quarter vehicle production and deliveries figures that beat analyst expectations. Tesla's total deliveries hit 443,956 vehicles in the second quarter, with total production at 410,831 vehicles over the period. Analysts had expected that Tesla deliveries — the closest approximation of sales disclosed by the automaker — to reach 439,000 in the three-month stretch ending on June 30, according to a consensus of estimates compiled by FactSet StreetAccount. In a Tuesday note, Citi analysts said they anticipate a "favorable share price reaction" following the release.

Persons: Tesla, FactSet StreetAccount, — CNBC's Lora Kolodny, Ganesh Rao Organizations: Citi Locations: Los Angeles

☆ Hungary’s Prime Minister Orban — a key Putin ally — makes first wartime visit to Ukraine
▼ + stars: | 2024-07-02 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

Hungarian Prime Minister Viktor Orban (L) talks with Ukrainian President Volodymyr Zelenskyy (R) in the Europa building prior the start of the meeting on June 27, 2024, in Brussels, Belgium. Hungarian Prime Minister Viktor Orban arrived in Ukraine on Tuesday for his first wartime visit to the battle-torn country. Orban, meanwhile, communicated Hungary's intentions to improve ties with Ukraine and sign a broad bilateral cooperation agreement, while urging Zelenskyy to consider a quick cease-fire to accelerate peace talks, Reuters reported. Orban absented from last month's Ukraine Peace Summit in Switzerland, where Hungary was instead represented by Foreign Minister Peter Szijjarto. The Hungarian prime minister has also been one of the few Western leaders to meet the increasingly isolated Kremlin leader Putin since Russia's full-scale invasion of Ukraine.

Persons: Viktor Orban, Volodymyr Zelenskyy, Orban, Zelenskyy, Vladimir Putin, Orban's, " Orban, Orban absented, Peter Szijjarto, Putin, Donald Trump, Jens Stoltenberg Organizations: European Union, Kyiv, Ukrainian, Reuters, nonmember Kyiv, Ukraine Peace Summit, Foreign, Associated Press, NATO Locations: Europa, Brussels, Belgium, Hungarian, Ukraine, Hungary, Moldova, Switzerland

☆ Specter of Putin casts a shadow over the Trump-Biden debate
▼ + stars: | 2024-06-28 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

There appeared to be an additional presence on stage with Democratic U.S. President Joe Biden and Republican former President Donald Trump in last night's CNN electoral debate: Vladimir Putin. The Russian leader was invoked roughly a dozen times in the 90-minute volley of verbal blows on domestic and foreign policy between the two candidates. Both have navigated the White House relationship with the Kremlin for a mandate each and shared very different views of the Russian leader. "I will have that war settled between Putin and Zelenskyy as president-elect before I take office on January 20th. The Russian leader has previously signaled interest in a potential prisoner swap for Gershkovich, rather than in financial compensation.

Persons: Joe Biden, Donald Trump, Vladimir Putin, Trump, —, Putin, Volodymyr Zelenskyy, Zelenskyy, Russia —, Evan Gershkovich Organizations: Democratic U.S, Republican, CNN, Kremlin, Trump —, U.S, Kyiv, Wall Locations: Moscow, Russia, Ukraine, Washington, Ukrainian

☆ Troops and armored vehicles disperse as Bolivia arrests army chief leading coup attempt
▼ + stars: | 2024-06-27 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +5 min

"The country is today facing an attempted coup d'etat," Arce said, according to a CNBC translation. All of the units," Zuniga said during the military movement, according to a CNBC translation. Asked whether the coup forces were seeking to take over the Bolivian presidential residence, the general confirmed "yes." "Spain strongly condemns the military movements in Bolivia," Spain's Prime Minister Pedro Sanchez said on social media platform X, according to a CNBC translation. he said on social media, according to a CNBC translation.

Persons: Luis Arce Catacora, Juan Jose Zuniga, Luis Arce, " Arce, Maria Nela Prada, Jose Wilson Sanchez, Edmundo Novillo, Zuniga, Ivan Lima, Eduardo del Castillo, Juan Arnez Salvador, Zuniga —, Evo Morales —, Josep Borrell, Pedro Sanchez, Arce Organizations: Murillo, Bolivian, CNBC, de Murillo, Soldiers, Associated Press, Defense, Government, U.S, Monetary Fund, European Union, South Locations: Bolivia, La Paz, Spain, Venezuela, Paraguay, Cuba, Chile, Bolivian

WikiLeaks founder Julian Assange on Wednesday walked free after pleading guilty in a U.S. court in the Northern Mariana Islands, a U.S. commonwealth in the Pacific, to a felony charge for publishing U.S. military secrets. As part of the plea agreement, the U.S. is bound to withdraw its extradition request and recommended a sentence to time already served, with no additional fines issued. The WikiLeaks organization posted a statement on the X social media platform saying that Assange was due to fly to his native Australia. "Regardless of the views that people have about Mr. Assange's activities, the case has dragged on for too long. There's nothing to be gained by his continues incarceration, and we want him brought home to Australia.

Persons: Julian Assange, Assange, Barry Pollack, Chelsea Manning, Mr, Pollack, Anthony Albanese, " Albanese, London's, Stella Assange Organizations: Wednesday, U.S, U.S ., WikiLeaks, Bombardier Global Locations: U.S, Northern Mariana Islands, Saipan, Australia, Bangkok

☆ China’s Chang’e-6 lunar probe returns with first-ever samples from far side of the moon
▼ + stars: | 2024-06-25 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

The Chang'e-6 probe being successfully launched from China's Wenchang Spaceport in Wenchang, Hainan Province, China, on May 3, 2024. China's Chang'e-6 lunar probe returned to Earth on Tuesday, bringing back the first-ever samples from the unexplored far side of the moon. Chang'e-6 returned to Earth with soil collected from the South Pole-Aitken Basin — a massive crater in the lunar hemisphere that always faces away from Earth. In total, Chang'e-6 mission took 53 days from its May 3 departure from the Wenchang Space Launch Center in Hainan, an island off China's south coast. The far side of the moon was first captured in images in 1959 by the Soviet Luna 3 spacecraft.

Persons: China's, Xi Jinping, Soviet Union —, Neil Armstrong Organizations: China National Space Administration, Soviet Luna, Washington, NASA Locations: Wenchang, Hainan Province, China, Inner Mongolia, Chang'e, Hainan, Beijing, India, Soviet, U.S, Soviet Union, Cold

Photographs and news agency reports showed protesters clashing in the streets of Kenyan capital Nairobi on Tuesday, as the African state passed a controversial finance bill set to raise national taxes. Kenya's Human Rights Commission on Tuesday shared a video of officers shooting at protesters, calling for accountability. At least 50 people were injured by gunfire during the latest demonstrations, Reuters reported, citing a local paramedic outside of the parliament. The news agency further said sections of the parliament building were set on fire, as the compound was stormed. Blood has already been shed in similar protests, after two people died in separate demonstrations held last week, the Associated Press reported.

Organizations: Kenyan, Rights, Reuters, CNBC, Kenyan Police Service, Ministry of Foreign Affairs, Associated Press Locations: Nairobi, Kenya

☆ South Korea plant fire kills 22 people after lithium battery combustion
▼ + stars: | 2024-06-24 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Emergency vehicles are parked next to the site of a fire at a lithium battery factory owned by South Korean battery maker Aricell in Hwaseong on June 24, 2024. At least twenty-two people died after lithium battery combustion ignited a massive fire in a South Korean factory, local officials said, according to NBC News. The blaze erupted at the Aricell battery factory in Hwaseong, a city south of Seoul, around 10:31 a.m. local time, officials said. The plant housed an estimated 35,000 batteries, NBC said. The factory was a reinforced concrete three-story building that sprawled over roughly 2,300 square meters and housed an estimated 35,000 batteries, according to South Korean news agency Yonhap.

Persons: Kim Jin, Young, Lee Sang, Yoon Suk, yeol Organizations: South, NBC News, Reuters, Authorities, CNBC, NBC, Hwasong Fire Department, Associated Press, Fire Agency, Korea's, Central Disaster, Headquarters, South Korean Ministry of Public Administration, Security Locations: South Korean, Hwaseong, Seoul, South

☆ Israel's Netanyahu signals 'intense' stage of Gaza fighting is close to end
▼ + stars: | 2024-06-24 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

Omar Al-qattaa | Afp | Getty ImagesIsraeli Prime Minister Benjamin Netanyahu signaled that the "intense" phase of fighting in the war-torn Gaza enclosure is close to ending, while stressing the broader war against Hamas wages on. "After the intense phase is finished, we will have the possibility to move part of the forces north. And secondly, to bring our [evacuated] residents home," Netanyahu said, according to a Reuters translation. Thousands of Israeli and Lebanese civilians have been displaced from their border-facing settlements amid fire exchanged since the October start of the Jewish state's war campaign against Palestinian militant group Hamas in the Gaza Strip. watch nowAsked when the intense stage of combat against Hamas will finalize, Netanyahu on Sunday said, "Very soon," according to a Google translation of the Channel 14 report.

Persons: Omar Al, Benjamin Netanyahu, Netanyahu, Israel Katz, Sayyed Hassan Nasrallah, Amos Hochstein, Annalena Baerbock Organizations: Afp, Getty, Channel, Palestinian, Hamas, Israeli Defense Forces, Lebanese, Sunday, Palestinian Authority, West Bank, Israel, Israeli Foreign, German, Monday, Reuters Locations: al, Gaza City, Israel, Palestinian, qattaa, Gaza, Lebanon, Iran, Rafah

☆ Russia open to security talks with U.S. — if Ukraine conflict also on the table, Kremlin says
▼ + stars: | 2024-06-21 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Russia is open to "comprehensive" security talks with the U.S., so long as they include the war in Ukraine, Kremlin spokesperson Dmitry Peskov said Friday. "We are open to dialogue, but to a broad, comprehensive dialogue that covers all dimensions, including the dimension related to the conflict around Ukraine, the involvement of the United States in this conflict," Peskov said, according to a Google-translated report by Russian state news agency Tass. His comments came in response to the possibility of holding talks with Washington on nuclear risks apart from the Ukrainian conflict. Russia has so far been largely isolated from West-led diplomacy to resolve the conflict with Kyiv — and was most recently not invited to the Summit on Peace in Ukraine of June 15-16. Kyiv has solicited membership but cannot accede to the coalition while an active conflict wages on its territories.

Persons: Dmitry Peskov, Peskov, Dmitry Medvedev, Medvedev, Barack Obama Organizations: U.S, Kremlin, CNBC, U.S . State Department, Kyiv —, Senior, NATO Locations: Russia, Ukraine, United States, Russian, Washington, West, Peace, Moscow, U.S

☆ Carlsberg slides 8%, set for largest drop in four years, after Britvic rejects $3.9 billion takeover offer
▼ + stars: | 2024-06-21 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

Carlsberg shares were on course for their largest single-day decline in more than four years on Friday, after the British soft drinks maker Britvic said it had rejected the Danish brewer's £3.11 billion ($3.9 billion) takeover proposal. This is the company's largest single-day share drop since March 12, 2020, when stock fell 8.77%. Earlier in the session, Britvic announced it had on June 17 refused an improved cash takeover bid from Carlsberg offering 1,250 pence per share of the British soft drinks maker. This was Carlsberg's second bid, after its June 6 offer price of 1,200 pence per Britvic share was also declined. Carlsberg confirmed the rejection of its second proposal, which it qualified as "a compelling opportunity for Britvic shareholders to realise their investment in full in cash at an attractive valuation."

Persons: Britvic Organizations: Carlsberg, PepsiCo Locations: London, Danish, Britain

☆ Switzerland makes second interest rate cut as major economies diverge on monetary policy easing
▼ + stars: | 2024-06-20 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

A view of the headquarters of the Swiss National Bank (SNB), before a press conference in Zurich, Switzerland, March 21, 2024. The Swiss National Bank on Thursday trimmed its key interest rate by 25 basis points to 1.25%, continuing cuts at a time when sentiment over monetary policy easing remains mixed among major economies. The figures assumes a SNB interest rate of 1.25% over the prediction period. Switzerland already has the second-lowest interest rate of the Group of Ten democracies by a wide margin, following Japan. It became the first major economy to cut interest rates back in late March and was earlier this month followed by the European Central Bank, and questions are now mounting over whether it will proceed with a third rate cut this year.

Persons: Kyle Chapman Organizations: Swiss National Bank, Reuters, Swiss, U.S ., Nomura, European Central Bank, Ballinger Group, U.S . Federal Reserve, Bank of England Locations: Zurich, Switzerland, Swiss, London, Japan

☆ Dutch PM Mark Rutte set to be next NATO secretary-general after rival withdraws from race
▼ + stars: | 2024-06-20 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

Netherland's Prime Minister Mark Rutte arrives to attend the European Political Community summit at the Palacio de Congreso in Granada, southern Spain on October 5, 2023. Romanian President Klaus Iohannis on Thursday rescinded his bid for the leadership of the NATO military alliance and threw his support behind the favorite contender for the post, Dutch Prime Minister Mark Rutte. The move effectively clears the path for outgoing Dutch PM Rutte to assume the top position of the 32-member U.S.-led NATO military coalition, when incumbent Secretary-General Jens Stoltenberg finishes his mandate on Oct. 1 after 10 years in the job. Iohannis, 65, is ending his second five-year round at the helm of Romania, which will hold national elections in September. Two weeks ago, Budapest conceded not to block the NATO alliance's deepening military support for Ukraine, in exchange for nonparticipation.

Persons: Mark Rutte, Klaus Iohannis, Iohannis, Rutte, Jens Stoltenberg Organizations: Netherland's, Palacio, Congreso, NATO, Dutch, Supreme, of National Defense, CNBC, U.S, Ukraine Locations: Granada, Spain, Romanian, Romania's, Ukraine, Iohannis, Romania, Rutte, Hungary, Russia, Budapest

☆ Hezbollah leader warns Israel of war with 'no red lines,' threatens Cyprus
▼ + stars: | 2024-06-20 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

The leader of Hezbollah has vowed a fight with "no rules and with no red lines" if full-out war erupts between the Lebanese militant group and Israel, warning Cyprus against getting mired in the conflict. Lebanon and Israel have regularly traded cross-border fire since the start of the Jewish state's war against Palestinian militant group Hamas — which, like Hezbollah, is backed by Iran — in the Gaza Strip. The Hezbollah leader also threatened war against the Mediterranean island of Cyprus, if the European Union member permits Israel to launch military operations from its territory. Nasrallah accused Israel of "conducting maneuvers in preparation for the Lebanon war" in Cyprus, without disclosing his sources. In response to Nasrallah, Cyprus' President Nikos Christodoulides on Wednesday stressed that his country is not involved in the conflict and is, in fact, part of the solution, according to the Cyprus News Agency.

Persons: Iran —, Taleb Sami Abdullah, General Sayyed Hassan Nasrallah, Seth Frantzman, Nasrallah, Israel, Manar, Nikos Christodoulides Organizations: Palestinian, Hamas, Hezbollah, Foundation, Defense, Democracies, Associated Press, European Union, Cyprus News Agency, CNBC, Cypriot Ministry of Foreign Affairs Locations: Israel, Cyprus, Lebanon, Iran, Gaza, U.S, Cypriot

☆ Israel warns Lebanon of prospect of ‘all-out war’ as U.S. seeks to de-escalate hostilities
▼ + stars: | 2024-06-19 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

TOPSHOT - Smoke billows from the site of an Israeli airstrike on Zibqin in southern Lebanon on June 12, 2024. Israel and Hezbollah, which controls much of Lebanon, have been trading fire since October in parallel with the Jewish nation's war campaign against Palestinian militant group Hamas in the Gaza Strip. In an all-out war, Hezbollah will be destroyed and Lebanon will be severely hit." "I remind you that, according to the United Nations, there is no territorial dispute — no territorial dispute — between Lebanon and Israel," Israeli government spokesman David Mencer said during a Tuesday press briefing. Security concerns have driven thousands of Lebanese and Israeli civilians to flee their border-facing settlements.

Persons: Sami Taleb Abdullah, Rafael, Yona Yahav, Israel Katz, " Katz, David Mencer Organizations: Israel Defense Forces, Palestinian, Hamas, Lebanese, Ministry of Health, IDF, CNBC, Reuters, Foreign, Hezbollah, United Nations Locations: Lebanon, Gaza, Israel, Lebanese, Jouaiyya, Metula, Haifa

☆ Israel warns of 'devastating consequences' as spike in fire with Lebanon risks wider conflict
▼ + stars: | 2024-06-17 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

Smoke and flame rise after Hezbollah carried out a missile attack on Safed city, northern Israel on June 12, 2024. Over the past week, Lebanese militant group Hezbollah has ramped up hostilities and cross-border missile attacks against targets in northern Israel, according to Israel Defense Forces and the Hezbollah-aligned al-Manar news outlet. It comes amid a ramp-up in attacks by Hezbollah in recent weeks following repeat offensives against its neighbor since October. "Hezbollah's increasing aggression is bringing us to the brink of what could be a wider escalation, one that could have devastating consequences for Lebanon and the entire region," Hagari added. "Israel will take the necessary measures to protect its civilians, until security along our border with Lebanon is restored.

Persons: Sami Taleb Abdullah, Taleb Abdullah, Israel, Daniel Hagari, Hagari, HoweveHezbollah, Sheikh Naim Qassem, Amos Hochstein, Joe Biden, Biden, Houthi —, Iran —, Yahya Sare'e Organizations: Hezbollah, Israel Defense Forces, Hamas, IDF, CNBC, Lebanese, Washington, U.S, NBC News Locations: Safed, Israel, Lebanon, Iran, Tehran, Gaza, Lebanese, Jouaiyya, Red

☆ Russia's Putin sets out conditions for peace talks with Ukraine
▼ + stars: | 2024-06-14 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Russian President Vladimir Putin speaks during visit to the Joint Institute for Nuclear Research on June 13, 2024 in Dubna, Russia. Russian President Vladimir Putin on Friday set out the requirements for Moscow to start peace talks with Ukraine, more than two years after the Kremlin's full-fledged invasion of its neighbor. He said that Moscow was committed to ensuring the "unhindered and safe withdrawal" of Ukrainian forces if Kyiv agrees to such a concession. If the peace proposal is refused, Putin added, Moscow's future demands will be different. He has also insisted that Ukraine regain the peninsula of Crimea, which Russia annexed illegally prior to the current war, in February 2014.

Persons: Vladimir Putin, Putin, Volodymyr Zelenskyy's Organizations: Joint Institute for Nuclear Research, Russian Foreign Ministry, NATO —, Google, Tass, CNBC, Ukrainian Ministry of Foreign Affairs Locations: Dubna, Russia, Russian, Moscow, Ukraine, Donetsk, Luhansk, Zaporizhzhia, Kherson, Kyiv, ., Crimea

A simple principle underpins a contentious Thursday decision by the U.S. and key allies to tap profits from Russian sovereign assets in support of Ukraine: Moscow must make reparations. Questions have also been raised over the legality of setting such a precedent: Russia has been cut off from its frozen assets, but retains their ownership. The proposal must now pass various legal hurdles and be backed by European states, where the majority of frozen Russian assets are held. Further loans secured against the interest accrued by Russian frozen assets could be forthcoming, U.S. Treasury Secretary Janet Yellen signaled on Thursday. The annual summit comes as most of the G7 leaders face their own domestic upheavals including national elections and falling approval ratings.

Persons: Charles Michel, CNBC's Steve Sedgwick, Joe Biden, Volodymyr Zelenskyy, Putin, we're, Biden, Michel, Janet Yellen, Yellen, We're, Russia's, Ursula von der Leyen, Georgia Meloni Organizations: U.S, West, . Security, Kyiv, Treasury, Bank, European Commission Locations: Ukraine, Moscow, Russia, Russian, Canada, France, Germany, Italy, Japan . U.S, Kuwait, U.S, Borgo Egnazia, Puglia

☆ Hungary agrees not to veto NATO's deepening support for Ukraine in exchange for nonparticipation
▼ + stars: | 2024-06-12 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

NATO Secretary-General Jens Stoltenberg said Hungary will neither block nor participate in the military alliance's deepening support for Ukraine, as he looks to shore up support ahead of a key summit in Washington next month. "At the summit, I expect allies will agree a leading role for NATO in coordinating and providing security assistance and training for Ukraine. I also expect allies will agree long-term financial pledge to provide military support," Stoltenberg said Wednesday at a press briefing in Budapest, where he carried out a surprise visit. In exchange for these concessions, Hungary has agreed not to veto NATO's deepening military aid in support of Ukraine. And he has confirmed that Hungary will meet all of its NATO commitments in full," Stoltenberg said Wednesday.

Persons: Jens Stoltenberg, Stoltenberg, Viktor, Orban Organizations: NATO, Ukraine, Associated Locations: Hungary, Washington, Budapest, Ukraine

Employees work on the assembly line of new energy vehicles at a factory of Chinese EV startup Leapmotor on April 1, 2024 in Jinhua, Zhejiang Province of China. The additional tariffs are the result of an EU probe that began in October. Main Chinese BEV producer BYD was struck with a 17.4% tariff, with Geely slapped with a 20% duty. "We strongly oppose the use of increased tariffs as a strategy to obstruct the normal global trade of electric vehicles. watch nowGlobal EV trade tensions

Persons: Shi Kuanbing, Valdis Dombrovskis, Dombrovskis, BEV, BYD, Geely, Elon Musk's Tesla, Tesla, Nio Organizations: Visual China, Getty, Union, EV, European Commission, EU, CNBC, China's Ministry of Commerce, Google, World Trade Organization, SAIC, Global Locations: Jinhua, Zhejiang Province, China, Europe, Shanghai

☆ Baltimore key shipping channel fully reopens after Francis Scott Key Bridge collapse
▼ + stars: | 2024-06-11 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Salvage crews continue to work on removing debris from the Francis Scott Key Bridge collapse after it was struck by the container ship Dali, now docked at Seagirt Marine Terminal in Baltimore. (Jerry Jackson/Baltimore Sun/Tribune News Service via Getty Images)The main passageway into the Baltimore port was fully restored after the March 26 collapse of the Francis Scott Key Bridge, which left six people dead and obstructed maritime traffic into the harbor. The bridge toppled in late March, after the cargo ship Dali crashed into the infrastructure, choking a major shipping artery into the U.S.' busiest auto port. The Port of Baltimore processed a record 1.1 million containers and $80.8 billion in foreign cargo value last year, according to state data. USACE will maintain this critical waterway as we have for the last 107 years," said Col. Estee Pinchasin, Baltimore District commander, in a statement.

Persons: Francis Scott Key, Jerry Jackson, Dali, We've, Estee Pinchasin Organizations: Baltimore Sun, Tribune, Service, Getty, U.S ., U.S . Army Corps of Engineers, Fort McHenry Federal Channel, Port, USACE, U.S . National Transportation Safety Board Locations: Baltimore, Port, Port of Baltimore, Patapsco, Sri Lanka

☆ Israel thrust between far-right support and Gaza cease-fire, as Netanyahu rival quits war cabinet
▼ + stars: | 2024-06-10 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +6 min

Amir Levy | Getty Images News | Getty ImagesIsrael's war cabinet minister Benny Gantz resigned from the emergency government, dealing a decisive blow which is expected to entrench Prime Minister Benjamin Netanyahu deeper into a far-right support base that opposes a cease-fire in Gaza. A former chief of staff of the Israeli Defense Forces, centrist Gantz co-founded and led the National Unity party that joined Netanyahu's emergency government after the outbreak of the Gaza war. Israeli prime minister Benjamin Netanyahu and Cabinet minister Benny Gantz during a press conference in the Kirya military base in Tel Aviv , Israel , 28 October 2023. And the prime minister himself. Around 1,200 people were killed in Israel, Israeli official figures say, since the start of the Gaza conflict.

Persons: Benny Gantz, Amir Levy, Benjamin Netanyahu, Gantz, Netanyahu, Regrettably, Yoav, Gallant, entreat Gantz, Yair Lapid, Gadi Eisenkot, Lapid, Eran Etzion, Etzion, Jack Guez, Nimrod Goren, Goren, Itamar Ben Organizations: Getty, entrench, Israeli Defense Forces, National Unity, Gaza, Palestinian, Hamas, Reuters, Defense, Criminal, Gaza's Ministry of Health, Israel's National Security Council, CNBC, Ultra, Sheba Tel, HaShomer Medical Centre, Afp, Middle East Institute, U.S, Jewish Power Party Locations: Gaza, Tel Aviv, Israel, Rafah, Sheba, Ramat Gan, of Israel

☆ Saudi oil giant Aramco's shares rise after stock sale set to raise $11.2 billion
▼ + stars: | 2024-06-09 | by ( Katrina Bishop | ) www.cnbc.com time to read: +1 min

Saudi Aramco logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. Shares of Saudi Arabia's Aramco rose on Sunday following a stock sale that's set to raise the state oil company around $11.2 billion. Shares were trading around 28.25 Saudi riyals ($7.53) on the Tadāwul Saudi stock exchange at 11:30 a.m. local time (4:30 a.m. ET), above the stock sale offer price of 27.25 Saudi riyals. Citing sources, Reuters reported that demand for the offering topped $65 billion, and Aramco placed over half of the sale with foreign investors.

Persons: Prince Mohammed bin Salman's, —, Ruxandra Iordache Organizations: Saudi Aramco, Saudi, Aramco, Reuters, CNBC, U.S . Federal Locations: Saudi, Saudi Arabia, Neom

☆ Saudi Arabia set to raise over $11.2 billion from Aramco stock sale, priced at lower end of range
▼ + stars: | 2024-06-07 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

Saudi Arabia is set to raise more than $11.2 billion from its secondary public share offering in state-controlled oil giant Aramco, after the stock was priced at the lower end of its expected range. The company on Friday said it will price the 1.545 billion of shares on offer at 27.25 Saudi riyal ($7.27) apiece, with the sale expected to take place when markets next open on Sunday. A range of between 26.70 and 29 Saudi riyals per share was floated in the firm's initial marketing. The 27.25 Saudi riyal price is nearly 4% below the public stock's last settlement on the Tadāwul Saudi stock exchange. Investors typically expect a discounted price when new shares enter the public market, because of the increase in the overall supply of stock available to trade.

Persons: Prince, Mohammed bin Salman Organizations: Saudi, Investors, of, Petroleum, Reuters, CNBC, Aramco, Exxon Mobil, Chevron, Aramco's, Public Investment Fund Locations: Saudi Arabia, Aramco, Saudi, Neom

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