DIRS.INFO The most relevant business & tech news

☆ Saudi's crown prince promised pain for the US if it retaliated against oil cuts, report says. His threat seems to have paid off.
▼ + stars: | 2023-06-09 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

Saudi Arabian Crown Prince Mohammed bin Salman threatened the US amid an oil price dispute, leaks say. The crown prince is seeking to assert a more independent path from the US. In turn, Crown Prince Mohammed has mocked Biden behind his back, reported The Wall St. Journal, and believes he can secure nuclear technology from the US by playing rival powers off against each other. But Cafiero told Insider that despite marked differences and apparent personal antipathy between Biden and Crown Prince Mohammed, the Saudis remain committed to working with the US. "While the crown prince wants to work with Washington, he doesn't want anyone in the US to view Saudi Arabia as America's puppet state," he remarked.

Persons: Saudi Arabian Crown Prince Mohammed bin Salman, —, State Anthony Blinken, Saudi Arabia's Crown Prince Mohammed bin Salman, Joe Biden, Biden's, it's, Biden, Giorgio Cafiero, Mohammed bin Salman, Cafiero, Jamal Khashoggi, Prince Mohammed Organizations: Saudi, Saudi Arabian Crown, Service, State, Saudi Arabia's Crown, State Department, CNN, The Washington Post, US, Washington , D.C, White House, White, Analytics, Biden, Washington Post, ., Washington Locations: Saudi Arabian, Riyadh, Saudi, Russia, Washington ,, China, Washington, Gulf, Saudi Arabia, Kingdom, America

[1/7] Britain's Prince Harry, Duke of Sussex walks outside the Rolls Building of the High Court in London, Britain June 7, 2023. REUTERS/Hannah McKayLONDON, June 7 (Reuters) - Prince Harry said phone-hacking was carried out on an industrial scale across the British press and he would feel a sense of injustice if the High Court in London ruled he had not been a victim. I believe phone-hacking was on an industrial scale across at least three of the papers at the time and that is beyond doubt. In response to Green's suggestion that Harry wanted to have been a victim, the prince replied: "Nobody wants to be phone hacked." As on Tuesday, Harry again appeared relaxed, speaking firmly but softly, as Green quizzed him in detail over 33 newspaper articles whose details Harry claims were obtained unlawfully.

Persons: Prince Harry, Duke of Sussex, Hannah McKay LONDON, Harry, Andrew Green, Green, Rupert Murdoch's, HARRY, Princess Diana, Michael Holden, Bernadette Baum, Alex Richardson Organizations: Court, REUTERS, Mirror Group, Daily, Sunday People, Reach, Buckingham, MGN, Thomson Locations: London, Britain, British

☆ PGA Tour-LIV Golf merger is a major win for the Saudis — and Americans are slamming it
▼ + stars: | 2023-06-07 | by ( Natasha Turak | ) www.cnbc.com time to read: +8 min

It's lured some of the biggest golf stars away from the PGA Tour with huge paychecks, spurring antitrust lawsuits with the American organization. "This is Saudi Arabia buying the PGA tour," sports talk show host Rich Eisen said in his broadcast after hearing the news. USA Today sports columnist Christine Brennan called the move "a total wimp-out by the PGA Tour. Glyn Kirk | AFP | Getty ImagesSocial media was rife with self-described golf fans vowing to never again watch the PGA Tour. Pro golfer Phil Mickelson, another member of the LIV Tour, tweeted "Awesome day today" in response to the news.

Persons: LIV Golf, that's, —, LIV, Saudi Crown Prince Mohammed bin Salman, It's, Jay Monahan, Rich Eisen, Pat Welter, it's, Christine Brennan, Tiger Woods, Glyn Kirk, Ron Wyden, Chris Murphy, Jamal Khashoggi, Saudi LIV, Monahan, Saudi Arabian Crown Prince Mohammed bin Salman, Jim Watson, Bryson DeChambeau, DeChambeau, Phil Mickelson, Jeffries, Yasir Al, Cristiano Ronaldo, Saudi Arabia's, Al Organizations: PGA Tour, Saudi, LIV Players, PGA, Saudi Arabia's Public Investment Fund, Saudi Crown, CNBC, Twitter, 150th, St, AFP, Getty, LIV, Washington Post, Amnesty, Saudi Arabian Crown, Saudi Embassy, Washington D.C, Saudi Foreign Ministry, CNN, Royal, Anadolu Agency, Getty Images Investment, Rumayyan, Nassr Football Club, Al Nassr Football Locations: Saudi Arabia, North Carolina, Saudi, Scotland, Oregon, Connecticut, American, Washington ,, Washington, videoconference, Riyadh, PIF, Portuguese

Right now though, the market has never been more top-heavy and the share of market constituents outperforming the broader index has never been lower. According to Ed Clissold at Ned Davis Research, the percentage of stocks outperforming the S&P 500 this year is just 24.5%. The percentage of S&P 500 stocks outperforming the index on a rolling three-month basis is just 20.3%, a record low. Clissold says that the S&P 500's one-year gain after periods of relative strength by a small group of large caps is an average 1.8%. These five stocks account for over a quarter of the S&P 500's $36.78 trillion market cap, and the top 10 account for a third of the total.

Persons: bode, Ed Clissold, Ned Davis, Meb Faber, Chuck Prince's, Cambria's Faber, Jamie McGeever, Andrea Ricci Organizations: NYSE, Barclays, Apple, Microsoft, Nvidia, Ned Davis Research, Reuters, Google, Cambria Investment Management, Citigroup, Thomson Locations: ORLANDO, Florida

☆ Royal wedding showpiece highlights Jordan's role as West's stable ally
▼ + stars: | 2023-06-01 | by ( Suleiman Al-Khalidi | ) www.reuters.com time to read: +4 min

Prince Mohammed last visited Jordan a year ago following years of tensions, also prompting hopes then that warmer ties would unlock more fulsome economic support. KING-IN-WAITING[1/10] Jordan's Crown Prince Hussein and Rajwa Al Saif are seen together at their royal wedding ceremony, in Amman, Jordan, June 1, 2023 in this screen grab taken from a video. At the Arab League summit in Jeddah last month, he walked alongside his father to greet Crown Prince Mohammad. Washington's desire for a stable ally in an otherwise volatile region meant it too has often turned a blind eye to Jordan's slow democratic reforms and mixed human rights record. It's the prince's wedding, not ours," said Abdullah al-Fayez, a retired servicemen living on slim savings on the outskirts of Amman.

Persons: Prince Hussein, Rajwa Al Saif, Britain's William, Kate AMMAN, King Abdullah, Jordan, Prince Mohammed bin Salman, Lady Jill Biden, Britain's Prince, Princess of Wales, William, Kate, Prince Mohammed, Hamza, Hussein, Joe Biden, Prince Mohammad, Prophet Mohammed, Alia Ibrahim, Abdullah al, Suleiman Al, Khalidi, John Stonestreet Organizations: West, Saudi, U.S, Royal Hashemite, REUTERS, Georgetown, Sandhurst, League, International Monetary Fund, Thomson Locations: Saudi, West, U.S, Amman, Jordan, Jeddah, Mecca, Iraq, Syria

☆ Tina Turner: 1939 - 2023
▼ + stars: | 2023-05-25 | by ( Jillian Kumagai | ) www.reuters.com time to read: 1 min

Prince Charles looks on as Princess Diana cuts a cake to mark the tenth year of the Prince's Trust at a charity rock concert at Wembley on June 20, 1986, as Phil Collins, Tina Turner and Rod Stewart look on in London. REUTERS/David Osborn

☆ Factbox: The paparazzi who pursue Harry and Meghan - what are the rules?
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +4 min

Harry, the younger son of King Charles, and Meghan cited media intrusion as one of the reasons for stepping back from royal duties and moving to California in 2020. Rules on how the "paps" can operate vary from country to country and from state to state in the U.S.Below is a summary of the different restrictions. BRITAINPhotographers may take pictures in all public places, including photos of people, as long as they do not harass members of the public. California, where paparazzi are a constant presence thanks to Hollywood, has enacted several laws intended to protect celebrities from harm since Diana's death. The New York Press Photographers Association issued a statement on Wednesday condemning the reported behaviour as a violation of the basic principle that news photographers should act as "documentarians and observers."

The justices upheld a lower court's ruling that Warhol's works based on Goldsmith's 1981 photo were not immune from her copyright infringement lawsuit. Warhol, who died in 1987, was a foremost participant in the pop art movement that germinated in the 1950s. At issue in the litigation involving Goldsmith was Warhol's "Orange Prince" series. She countersued the Andy Warhol Foundation in 2017 after it asked a court to find that the works did not violate her copyright. Under that standard, the circuit court said Warhol's paintings were closer to adapting Goldsmith's photo in a different medium than transforming it.

☆ Avedon at 100: Celebrities select the famed photographer’s best works
▼ + stars: | 2023-05-15 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +9 min

courtesy Richard Avedon/The Richard Avedon FoundationWhen Hillary Clinton, then a US Senator, arrived for a shoot with Avedon in 2003, she recalled him looking at her and saying, "I've seen this image before." courtesy Richard Avedon/The Richard Avedon FoundationFashion designer Miuccia Prada selected this image of Boyd Fortin, a teenaged rattlesnake skinner from Texas, taken in 1979. courtesy Richard Avedon/The Richard Avedon FoundationFashion designer Calvin Klein selected this infamous campaign image from his label's archives. courtesy Richard Avedon/The Richard Avedon FoundationFilmmaker Sofia Coppola chose this iconic 1958 photograph of model China Machado. courtesy Richard Avedon/The Richard Avedon Foundation“Avedon 100” is on view at Gagosian in New York through June 24.

For PIF, the Lucid (LCID.O) bet is proving challenging. "The EV manufacturing plan is still one of the boldest parts of the Saudi plan," said Justin Alexander, director at Khalij Economics and Gulf analyst at GlobalSource Partners. Its investment was worth about $17.4 billion in mid-2022, the wealth fund's bond prospectus showed, and around $26 billion when Lucid was listed in 2021. The Saudi government has agreed with Lucid to buy up to 100,00 of its vehicles over the next decade. "Rather than fixing on short term results, the future of PIF's stake in Lucid will be dependent on the plans to build a Lucid factory in Saudi, on taking Lucid private again and/or on the potential integration with Ceer," said Global SWF Managing Director Diego Lopez of plans for a new Saudi EV maker.

☆ The procession path for King Charle’s coronation and the crowns and jewels he is wearing
▼ + stars: | 2023-05-06 | by ( ) www.reuters.com time to read: +7 min

The coronation ceremony followed a procession from Buckingham Palace. Coronation chair The coronation service is a solemn, religious occasion full of symbolism. The chair was cleaned ahead of this year’s ceremony for King Charles. The bejewelled Sword of Offering, made for the coronation of George IV in 1821, was one of the objects used during the coronation ceremony. They date back to 1661 and have been used at every coronation from King Charles II’s until King George VI’s in 1937, with new armills specially prepared for Queen Elizabeth in 1953.

☆ Factbox: The crowns, jewels, swords and spoon used at King Charles' coronation
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +5 min

LONDON, May 5 (Reuters) - The ceremony for King Charles' coronation at Westminster Abbey in London on Saturday will involve historic regalia ranging from sceptres and maces to a ring and a spoon. It replaced an original crown believed to date back to the 11th century Anglo-Saxon king of England, Edward the Confessor. SOVEREIGN'S SCEPTRE WITH DOVEThis is the second sceptre used in the ceremony, representing the sovereign's spiritual role. It was used to anoint King James 1 in 1603 and has featured at every coronation since. They date back to 1661 and have been used at every coronation from King Charles II’s until King George VI’s in 1937, with new armills specially prepared for Queen Elizabeth in 1953.

☆ The procession path for King Charle’s coronation and the crowns and jewels he will wear
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +7 min

The coronation ceremony will begin at 1000 GMT following a procession from Buckingham Palace. Coronation chair The coronation service is a solemn, religious occasion full of symbolism. The chair is being cleaned ahead of this year’s ceremony for King Charles. The bejewelled Sword of Offering, made for the coronation of George IV in 1821, is one of the objects used during the coronation ceremony. They date back to 1661 and have been used at every coronation from King Charles II’s until King George VI’s in 1937, with new armills specially prepared for Queen Elizabeth in 1953.

☆ Saudi Aramco 4% stake transferred to PIF's Sanabil
▼ + stars: | 2023-04-16 | by ( Hadeel Al Sayegh | ) www.reuters.com time to read: 1 min

DUBAI, April 16 (Reuters) - A 4% stake in oil major Saudi Aramco (2222.SE) has been transferred from state ownership to Sanabil Investments, which is wholly owned by the Saudi Arabia's sovereign wealth fund, Crown Prince Mohammed Bin Salman said on Sunday. The state remains Aramco's biggest shareholder, owning 90.18% of the company. Riyadh-based Sanabil is an investment company that commits approximately $3 billion a year to private transactions, its website says. The transfer will solidify PIF’s strong financial position and credit rating, the crown prince's statement said of the fund that is responsible for the bulk of projects aimed at transforming the Saudi economy to reduce its reliance on oil revenue. Reporting by Hadeel Al Sayegh Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

☆ Factbox: From holy oil to sceptres and a spoon: King Charles' coronation ceremony
▼ + stars: | 2023-04-09 | by ( ) www.reuters.com time to read: +5 min

LONDON, April 9 (Reuters) - The ceremony for King Charles's coronation at Westminster Abbey in London on May 6 will involve historic regalia ranging from sceptres and maces to a ring and a spoon. It replaced an original crown believed to date back to the 11th century Anglo-Saxon king of England, Edward the Confessor. SOVEREIGN'S SCEPTRE WITH DOVEThis is the second sceptre used in the ceremony, representing the sovereign's spiritual role. The bejewelled Sword of Offering, made for the coronation of George IV in 1821, is one of the objects used during the coronation ceremony. They date back to 1661 and have been used at every coronation from King Charles II’s until King George VI’s in 1937, with new armills specially prepared for Queen Elizabeth in 1953.

☆ NBA roundup: Knicks' Julius Randle scores 57, Wolves still prevail
▼ + stars: | 2023-03-21 | by ( ) www.reuters.com time to read: +5 min

Mike Conley (24 points, 11 assists) had a double-double for the Timberwolves, who snapped a three-game losing streak. Bulls 109, 76ers 105 (2OT)Zach LaVine scored 26 points, DeMar DeRozan added 25 and Chicago outlasted host Philadelphia 76ers. Joel Embiid had 37 points, 16 rebounds and three blocked shots for the Sixers. Hornets 115, Pacers 109Kelly Oubre Jr. scored 28 points and Charlotte wiped out a 21-point first-half deficit to defeat visiting Indiana. Curry finished with 30 points, seven rebounds and five assists while Thompson added 29 points and seven rebounds.

Saudi officials have pressed international companies to invest in the kingdom and move their regional headquarters to Riyadh in order to benefit from government contracts. "We are finalising the plans for opening the Riyadh region. He added that Oracle would also expand the capacity of its cloud region in Jeddah, which the company first opened in 2020. The company made the announcement as global tech companies gathered for a major tech conference in the Saudi capital. Though Oracle lags its bigger rivals in the race to corner the cloud computing market, it was among the first large tech companies to open a data centre in Saudi Arabia.

☆ Grammy-winning artist Ne-Yo on a Kennedy Center event honoring his career in music
▼ + stars: | 2023-01-26 | by ( John Lynch | ) www.businessinsider.com time to read: +14 min

Insider spoke to Ne-Yo in an interview tied to a Kennedy Center event for his music with the National Symphony Orchestra. The Grammy-winning artist reflected on his career in music, film, and TV, and his hit songwriting for other artists. So I'm developing a love for it that I don't know if it'll ever equal my love for music. That's love, bro. And that's kind of what my music has always been, you know, letting it be known to the people listening, "Yeah.

☆ Economic optimism at Davos is 'bizarre' and a prolonged downturn is more likely, says Cloudflare CEO
▼ + stars: | 2023-01-20 | by ( Britney Nguyen | Cadie Thompson | ) www.businessinsider.com time to read: +3 min

Cloudflare's CEO called the "tenor of optimism" for the economy at the World Economic Forum "bizarre." Matthew Prince told Insider a prolonged downturn is likely, in an interview at Davos. Of the 22 chief economists surveyed by the WEF, around two-thirds think a global recession is likely this year, and 18% think it is "extremely likely." Some respondents to the WEC's economic outlook survey think some of these issues could become less threatening throughout the year. Two-thirds of survey respondents think the cost-of-living crisis could be less severe at the end of the year, while close to the same amount of survey respondents think the energy crisis in Europe will also improve by 2023's end.

☆ Prince Harry memoir breaks UK sales records and tops Amazon bestseller lists
▼ + stars: | 2023-01-11 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +1 min

Prince Harry's memoir "Spare" became the fastest selling non-fiction book ever in the U.K. on its release day, its publisher said Tuesday. LONDON — Prince Harry's memoir "Spare" has become the fastest selling non-fiction book ever in the U.K., according to its publisher. After the book's official release Tuesday, 400,000 copies have been sold so far across hardback, e-book and audio formats, Transworld Penguin Random House said, citing British sales figures. "As far as we know, the only books to have sold more in their first day are those starring the other Harry (Potter)," Finlay added. The royal family has not commented on the book or any of the interviews given by Prince Harry.

☆ BlockFi's CEO cashed out $9 million from the crypto platform just after FTX gave it a multimilllion-dollar support loan
▼ + stars: | 2023-01-10 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

BlockFi CEO Zac Prince withdrew over $9 million from the company thanks to an FTX support loan, the Block reported. He cashed out the millions in order to pay US federal and state taxes, according to a company presentation. Collapsed exchange FTX loaned BlockFi $400 million last year in an effort to save the struggling firm. His assets with the company fell to $3.04 million in April 2022 from $13.15 million the previous month, the figures show. The firm told The Block: "Like many BlockFi clients, Zac deployed his own personal assets on BlockFi's platform.

☆ BlockFi says it repaid investor $15 mln to settle over crypto crash
▼ + stars: | 2023-01-09 | by ( Dietrich Knauth | ) www.reuters.com time to read: +3 min

Jan 9 (Reuters) - Executives of bankrupt crypto lender BlockFi Inc have repaid an investor $15 million to settle a threatened lawsuit over the company's cratering equity value in summer 2022, the company's attorneys said Monday in bankruptcy court. The BlockFi investor threatened to sue, alleging that BlockFi and its executives should have been more transparent about contagion risks in the cryptocurrency market, according to Sussberg. BlockFi believed the investor's claims were "specious," but it reached a confidential settlement on Aug. 23 under which BlockFi executives repaid $15 million to the investor, Sussberg said. That loan gave FTX an option to buy BlockFi for $240 million, essentially setting a maximum value for existing equity. As the company's value plummeted, BlockFi laid off 20% of its employees.

☆ Unemployment among Saudi citizens increases to 9.9% in Q3/22
▼ + stars: | 2022-12-29 | by ( ) www.reuters.com time to read: +2 min

DUBAI, Dec 29 (Reuters) - Unemployment in Saudi Arabia among citizens increased to 9.9% in the third quarter, up 0.2 percentage points from the previous quarter but the overall unemployment rate remained unchanged at 5.8 percent, data released on Thursday showed. Unemployment in this category fell to 20.5% in Q3 from 21.9% in the year-ago period, making up 37% of the Saudi labour force. Expansion of the private sector is a key pillar of the government strategy, with a wide-ranging programme of privatisations and other government-supported initiatives to spur growth. The latest data showed that 93.3% of unemployed Saudis would accept jobs in the private sector. Historically, the public sector has been the principal employer of citizens in Saudi Arabia.

☆ 9 times King Charles showed off his sense of humor
▼ + stars: | 2022-12-23 | by ( Talia Lakritz | ) www.businessinsider.com time to read: 1 min

At a 1998 Prince's Trust gala for his 50th birthday, Prince Charles (now King Charles III) played a waiter in a sketch with Stephen Fry and Roger Moore. King Charles (then Prince of Wales) at the Prince's Trust Comedy Gala at the Lyceum Theatre in London. John Stillwell - PA Images/PA Images via Getty ImagesIn the sketch, a series of celebrity lookalikes brought food to Fry and Moore's table, BBC reported. Then, the real Charles emerged with a towel draped over his arm, asking if the food had been to their satisfaction. "I know who he is supposed to be, but he needs to work on the voice a little," Moore said in the sketch.

Persons: Prince Charles, King Charles III, Stephen Fry, Roger Moore . King Charles, Prince of Wales, John Stillwell, lookalikes, Fry, Charles, Moore Organizations: Lyceum Theatre, BBC Locations: London

☆ Saudi Arabia Hosts China's Xi Jinping in Apparent Snub to White House
▼ + stars: | 2022-12-08 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

Saudi Arabia is hosting China's President Xi Jinping at a lavish summit this week. This comes in the wake of a series of diplomatic spats between Saudi Arabia and the US. On Sunday, Saudi Arabia announced that it would be keeping the production cuts in place, but the country has also made diplomatic moves seemingly designed to placate the US. Saudi Arabia is China's main oil supplier, and this is an issue likely to feature prominently at the summit. Though Crown Prince Mohammed is seeking to steer a foreign policy less dependent on Washington, DC, it's unlikely either nation will want to significantly loosen ties any time soon, analysts say.

Search resuls for: "prince's"

25 mentions found