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Four Takeaways From Iran’s Presidential Election
  + stars: | 2024-06-30 | by ( Vivian Yee | ) www.nytimes.com   time to read: +1 min
Iranian voters signaled their disenchantment with Iran’s system of clerical rule in the country’s presidential election on Friday, going to the polls in record-low numbers to help two establishment candidates limp to a runoff. That postpones for another week the question of who will steer Iran through challenges including a sickly economy, the gulf between rulers and ruled and a nearby war that keeps threatening to drag Iran further in. But despite belonging to two different camps, neither man is expected to bring major change to Iran, given that they must govern with the ultimate approval of Iran’s supreme leader, Ayatollah Ali Khamenei. Here are the most important takeaways emerging from Friday’s election. Only 40 percent of eligible Iranians voted on Friday, according to government figures, a historically low turnout for an Iranian presidential race — even lower than the 41 percent level reported for Iran’s parliamentary elections this year.
Persons: Masoud Pezeshkian, Saeed Jalili, Ayatollah Ali Khamenei Locations: Iran
Diversification is key right now: UBS Global Wealth Management
  + stars: | 2024-06-21 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDiversification is key right now: UBS Global Wealth ManagementJin Yee Young, co-head of UBS Global Wealth Management APAC explains the shift into developed markets fixed income and the growth of private markets investment in Asia.
Persons: UBS Global Wealth Management Jin Yee Young, UBS Global Wealth Management APAC Organizations: UBS Global Wealth Management Locations: Asia
The tycoon, Ibrahim al-Organi, chairman of Organi Group, oversees a vast network of companies involved in construction, real estate and security. But it is Hala — a company that Organi Group has listed as one of its own — that has drawn the most scrutiny. Organi Group did not respond to a request for comment about why it had removed Hala from the website. Organi Group has at least eight businesses. The company lists Mr. Organi as its chairman and his son, Essameldin Organi, as the chief executive.
Persons: Ibrahim al, Hala, Organi, Essameldin Organizations: Organi Group, Organi Locations: Egyptian, Hala —, Gaza, Hala
New cancer drug data announced: Here's what to know
  + stars: | 2024-06-03 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew cancer drug data announced: Here's what to knowMichael Yee, Jefferies senior biotech analyst, joins 'Squawk Box' to discuss the latest innovations at the ASCO conference last week, announcement of the latest cancer drug data, and more.
Persons: Michael Yee Organizations: Jefferies
That would deal a further blow to a relationship that Israel’s military offensive in southern Gaza had already brought to its lowest point in decades. For Israel, too, more than four decades of a so-called “cold peace” with Egypt has proved to be an essential pillar of national security. Egypt’s patience with Israel’s military moves is wearing dangerously thin, as it has repeatedly made clear. That border point, the main conduit for aid and other supplies during the war, lies between Egypt and Gaza but was recently occupied by Israel, drawing public outrage in Egypt. Egypt has refrained from taking more serious steps to respond to Israel’s moves, such as withdrawing its ambassador from Tel Aviv.
Persons: mouthpieces, Israel, Egypt’s, Gazans, Camp David, ” Ahmed Moussa, Moussa, , Mr, ” Isabel Kershner Organizations: Egyptian, International Court, Camp, Camp David Accords, Al, Egypt’s, Muslim Brotherhood, Hamas Locations: Egypt, Gaza, Cairo, Israel, Rafah, Tel Aviv,
The term "Asian American" was first coined in 1968 amid the rising voices of the Third World Liberation Front student movements in California. With tensions from protests against the Vietnam War and calls for universities to invest in ethnic studies programs, the Asian American identity was born out of advocacy for multiethnic unity among the Asian diaspora. Historical photographs showcase the history of Asian American resistance movements from the 1960s to the 1980s, demonstrating the strength and resilience of the Asian American community among tenants, students, and laborers. For the next five years, Filipino and Mexican American workers continued to strike for economic justice for all farm workers. AdvertisementThe same year, Yuji Ichioka and Emma Gee, both graduate students and key organizers of the Asian American Political Alliance, coined the term "Asian American."
Persons: Delano, Cesar Chevez's Huelga, Julio Hernandez, Larry Itliong, Cesar Chavez, Gerald French, Chavez, Ted Streshinsky, Slava J, Garth Eliassen, Yuji Ichioka, Emma Gee, Dave Randolph, Sheriff Richard Hongisto, Terry Schmitt, Emil de Guzman, May Chen, Walter Leporati, Chol Soo Lee, Yip Yee Tak, Lee, John O'Hara, Chol, Lee's, Jerry Telfer, Vincent Chin, Vincent, Lily Chin, Detroit . Chin, Ronald Ebens, Michael Nitz, Ebens, Helen Zia, Victor Yang, Chin, Chin's Organizations: Liberation, Business, American, Agricultural Labor, Committee, Delano, Getty, Labor, National Farm Workers Association, United Farm Workers, Migratory Labor, National Farm Workers, University of California, University of California Regents, Black Student Union, UC Berkeley, Asian American Political Alliance, San Francisco State University, San Francisco Chronicle, San Francisco, . Police, Chinatown Community Development Center, Manilatown Heritage Foundation, Images Garment Worker, Ladies Garment Workers Union, International Ladies Garment Workers Union, San, Korean American Journalists Association, Asian, Lee Defense, Hall of Justice, The, American Citizens, Justice, Department of Justice, FBI Locations: California, Vietnam, Asia, San Francisco, Mexican, Bakersfield , California, Spanish, Washington, Delano, Sacramento, American, Berkeley, Berkeley , California, Africa, America, San, Los Angeles, Kearny, New York, Chinatown, Columbus, councilmen, San Quentin, Detroit ., Detroit
For weeks, the Gaza Strip’s southernmost city, Rafah, was one of the few places where desperate Gazans could find some aid and food. Bakeries sold bread; fuel powered generators; markets were open, if expensive. But since Israeli forces began an incursion in the city this month — effectively closing the two main crossings where aid enters — Rafah has become a place of fear and dwindling supplies. “There’s always something missing in the tent,” said Ahmed Abu al-Kas, 51, who is sheltering in Rafah with his family. “If we have bread, we don’t have water.
Persons: “ There’s, , Ahmed Abu al Locations: Gaza, Rafah, Kas
Iran sought to project a sense of order and control on Monday by quickly naming an acting president and foreign minister a day after a helicopter crash killed both leaders. The change in leadership came at a time of heightened tensions in the Middle East and domestic discontent in Iran, where many residents have called for an end to decades of repressive clerical rule. Iran’s supreme leader, Ayatollah Ali Khamenei, announced five days of mourning for the president, Ebrahim Raisi, 63, and the foreign minister, Hossein Amir Abdollahian, 60, who died when their helicopter plunged into a mountainous area near the Iranian city of Jolfa. The men had been returning from Iran’s border with Azerbaijan after inaugurating a joint dam project. He had been widely viewed as a possible successor to Ayatollah Khamenei, 85.
Persons: Iran’s, Ayatollah Ali Khamenei, Ebrahim Raisi, Hossein Amir Abdollahian, Mr, Raisi, Ayatollah Khamenei Organizations: Iran’s Armed Forces Locations: Iran, Iranian, Jolfa, Iran’s, Azerbaijan
Just a few weeks ago, Israel, under extraordinary international pressure to respond to warnings of imminent famine in the Gaza Strip, announced new steps to increase humanitarian aid. But after an Israeli military incursion into the southern city of Rafah this week, the flow of aid has come to a near-total stop, first closed off by Israel and then further restricted, officials say, by Egypt. Aid officials warned that essentials like food and medicine were running dangerously low, threatening to worsen an already dire humanitarian crisis.
Organizations: Aid Locations: Israel, Gaza, Rafah, Egypt
But the cameras stopped rolling when Walid al-Omari, the network’s bureau chief in Ramallah, in the West Bank, ordered all of them to go home. Israeli authorities descended on a room used by Al Jazeera in the Ambassador Hotel in East Jerusalem, confiscating broadcast equipment. Al Jazeera, the influential Arab news network, says it will continue reporting and broadcasting from the Gaza Strip and the West Bank. The shutdown order, which lasts 45 days and can be renewed, was a break long in the making. Mr. al-Omari said that soon after the Israel-Hamas war began in October, the network stopped using an office in West Jerusalem, saying that far-right Israelis had used intimidation tactics against the staff there.
Persons: Al, Walid al, Al Jazeera, Omari Organizations: West Bank, Al, Gaza, Hamas Locations: Israel, Al Jazeera, West Jerusalem, East Jerusalem, Lebanon, Tel Aviv, Ramallah
Goldman Sachs hiked its price target on Nvidia, calling for nearly 20% more gains ahead. The firm upgraded shares of Target to buy from neutral, and reiterated its $180 per share price target. The firm upgraded the clothing retailer to buy from neutral and increased its target price to $28 per share from $21. — Brian Evans 5:45 a.m.: Goldman Sachs raises Nvidia price target on still strong AI demand Goldman Sachs sees enough demand for artificial intelligence to drive sky high Nvidia even higher. The firm reiterated a buy rating on the chipmaker and raised its 12-month price target on the chipmaker to $1,100 from $1,000.
Persons: Goldman Sachs, TGT, Paul Lejuez, — Brian Evans, Wall, Brian Evans, Stephanie Yee, Toshiya Hari, Myles Allsop, Allsop, Fred Imbert Organizations: CNBC, Nvidia, UBS, Vale, Citi, Target, JPMorgan, UL Solutions, UL Locations: Monday's, North America, U.S, stoke, RIO
That fueled investor concerns about new competition in the rapidly growing weight loss drug industry, sending shares of the current obesity players, Novo Nordisk and Eli Lilly , lower on Friday. Eli Lilly shares dropped nearly 3%, while Novo Nordisk's U.S.-traded shares fell more than 1%. Still, investors were pleased with Eli Lilly on Tuesday after the company assured them it can overcome ongoing supply constraints for its popular drugs. Eli Lilly hiked its full-year guidance in part due to optimism around increased production of Zepbound, its diabetes injection Mounjaro and similar drugs for the rest of the year. That signals Novo Nordisk is struggling to meet demand for the treatment.
Persons: Amgen, Eli Lilly, Bob Bradway, Bradway, Jay Bradner, autoinjector, Novo Nordisk's Wegovy, Eli Lilly's Zepbound, William Blair, Matt Phipps, Michael Yee, Amgen's Bradway, Karsten Munk Knudsen Organizations: Novo Nordisk, Novo Nordisk's, Jefferies, MariTide, Nordisk Locations: Novo Nordisk's U.S, North Carolina, Indiana, Ireland, Germany, U.S
CNN —At least 29 people have been killed and a further 60 are missing as heavy rain and flooding hit the Brazilian state of Rio Grande do Sul this week. Residents and a dog are evacuated from a flooded area in the city center of São Sebastião do Cai, Rio Grande do Sul State, Brazil, on May 2, 2024. Rio Grande do Sul has been increasingly hit by extreme weather events in recent years. Volunteers use a fishing boat to rescue residents trapped inside their houses in São Sebastião do Cai, Rio Grande do Sul state. The proportion of high-intensity hurricanes, or tropical cyclones, has increased due to the warmer global temperatures, according to the UN.
Persons: Cai, Carlos Fabal, Luiz Inácio Lula da Silva, , , Eduardo Leite, Anselmo Cunha, Lizzy Yee, Omar Fajardo Organizations: CNN, Authorities, Getty, Volunteers, UN Locations: Rio Grande do Sul, Rio Grande do Sul State, Brazil, AFP, Dubai, Asia, Kenya, São
Like other governments across the Middle East, Egypt has not been shy about its position on the Israeli-Palestinian conflict. Its denunciations of Israel over the war in Gaza are loud and constant. State media outlets broadcast images of long lines of aid trucks waiting to cross from Egypt into Gaza, spotlighting Egypt’s role as the sole conduit for most of the limited aid entering the besieged territory. Yet at those, too, it detained dozens of people after protesters chanted slogans critical of the government. Now the Gaza war — and what many Arabs see as their own governments’ complicity — has driven an old wedge between rulers and the ruled with new force.
Persons: spotlighting, Organizations: Hamas Locations: East, Egypt, Israel, Gaza, State, Cairo, United States
Pellerano discusses gang life in New Orleans, where the gang spread from its home base in Chicago. He speaks with BI about tattooing, rules and codes, media perception, and the political language used to depict the gang. Mike Moy says he was a gang member in New York City's Chinatown, having been recruited in the 1970s. He later founded the YouTube channel Chinatown Gang Stories, where he speaks with former gang members about their lives. He speaks with BI about the ways the yakuza makes money, such as extortion and protection rackets.
Persons: Tyrone White, White, Andy, Pellerano, Alex Sanchez, Omar Sharif, John Pennisi, Gambino, John Gotti Jr, Lucchese, Pennisi, Jay Dobyns, general's, Jimmy Tsui, Mike Moy, Moy, Yuyama Shinya, Andy Pellerano www.oneaccordministries.net, Alex Sanchez www.homiesunidos.org Omar Sharif www.omarinspires.com John Pennisi, Jay Dobyns www.jaydobyns.com Organizations: Menlo, South Central, Bloods, Business, Hells Angels, ATF's National Academy, Dobyns, United, Valor, ATF, National Association of Police, New York City Police Department, YouTube Locations: South, South Central Los Angeles, New Orleans, Chicago, Los Angeles, London, United States, Tung, New York, Chinatown, Hong Kong, Japan
Born in wartime, the baby had not eaten in more than a day, his father said — no formula, no nothing. The baby, Jihad, and his parents, Nour Barda and Heba al-Arqan, were trapped now in a storage closet with five other people at Al-Shifa Hospital in Gaza last month as Israeli troops attacked. The Israeli military had surrounded the building and told anyone sheltering inside to stay put. All his parents could do now was sit and watch their son go hungry. Hungry herself, Ms. al-Arqan had no breast milk to give.
Persons: , Nour Barda, Heba, Barda, Shifa, Jihad, Arqan Organizations: Shifa Locations: Al, Gaza
Despite economic challenges looming large — including prolonged downturns in both the housing and stock market — China’s fascination with luxury watches remains undiminished. Cyril Zingaro/WWGF/KeystoneCertainly at this year’s fair, well-dressed, well-accessorized Chinese customers appeared unfazed by economic uncertainties. After more than 20 years working in the region, he believes China’s economic slowdown is just a temporary phase. “The situation may be slightly (more) challenging for mid-level luxury brands (whose clients’ disposable incomes are potentially more at the whim of market forces). Collectors appreciate the craftsmanship, rarity, and heritage associated with luxury timepieces, which can hold or increase in value over time.
Persons: Matthieu Humair, Cyril Zingaro, Jackson Yee, Jaeger, Zhu Yilong, Wang Yang, Xiao Zhan, David Sadigh, Patek Philippe, Van Cleef, ” Sadigh, Valentin Flauraud, , Ricardo Guadalupe, “ We’ve, Pierre Albouy, Keystone Carson Chan, Richard Mille Asia, Bonhams, ” Chan, Raphael Young, Lange, Söhne, Wilhelm Schmid, Lumen, Chan, Vacheron, Young, Roger Dubuis, Dior, Louis Vuitton, Gucci — Chanel, Hermes, Hermès, Attelé, Chanel, Mademoiselle Chanel, Organizations: Geneva CNN —, Federation of, Swiss Watch Industry, IWC, Digital Luxury, CNN, Keystone, Fondation, , Berkley, Couture Locations: Geneva, China, Hong Kong, Asia, Switzerland, Chopard, Europe, , Asia — China, Guadalupe, Swiss, watchmaking
Nearly a week after Israel pledged to increase aid to Gaza by reopening a border crossing and accepting aid shipments at an Israeli port, neither the crossing nor the port has been put to the promised use, and there is no apparent sign of preparations to use them. Facing international condemnation after an Israeli airstrike killed seven workers for an international aid group, Israel said it would reopen the Erez crossing between Israel and northern Gaza for aid delivery. But satellite imagery taken on Tuesday shows that the road leading to Erez on the Gaza side remains blocked by rubble from a destroyed building, a crater and other damage. The damage was also seen in satellite imagery last month and again last Friday. Before Israel closed it at the start of the war, the crossing was used by pedestrians, not supply trucks.
Persons: Israel, Erez Locations: Gaza, Israel, Erez
From a north central county known for ginseng farming and downhill skiing, he has served on the local school board, the Marathon County Board and the village board of trustees in Weston, population 15,000. In February, new legislative maps in Wisconsin were signed into law after more than a decade of partisan wrangling and legal battles. The new maps undid the gerrymander that had helped Republicans keep control of both state legislative chambers since 2012. The 85th Assembly District in Marathon County, where Mr. Xiong lives, is no longer a Republican-leaning seat: It is a tossup. “This idea came to reality when the maps changed,” Mr. Xiong said in an interview last month.
Persons: Yee Leng Xiong, Xiong, ” Mr, Patrick Snyder Organizations: Marathon County Board, Democrat, Legislature, Republican, District, State Assembly Locations: Wisconsin, Marathon, Weston, Marathon County
Prime Minister Benjamin Netanyahu faced growing challenges to power on Sunday as thousands gathered outside Parliament to call for early elections in what were shaping up to be one of the largest demonstrations against the government in Israel since the start of the war in the Gaza Strip. Some protesters carried signs calling for Mr. Netanyahu’s “immediate removal.” Others wielded posters calling for elections, saying “those who destroyed can’t be the ones to fix.”The protest came a day after thousands took to the streets of Tel Aviv, waving flags and carrying pictures of the Israeli hostages with signs reading “Hostage deal now.”
Persons: Benjamin Netanyahu, Netanyahu’s, can’t, Locations: Israel, Gaza, Tel Aviv
SACRAMENTO, Calif. (AP) — California’s former Controller Betty Yee announced Wednesday she will run for governor in 2026, vying to succeed outgoing Gov. Eleni Kounalakis, Superintendent of Public Instruction Tony Thurmond, who is Black, and outgoing state Senate leader Toni Atkins, a lesbian lawmaker, have all announced their candidacies. Photos You Should See View All 60 ImagesYee served as the budget director for Democratic Gov. She was then elected as a member of the California State Board of Equalization and then as state controller. California controller is responsible for disbursing state funds, auditing government agencies and serving on more than 70 boards and commissions.
Persons: , Betty Yee, Gavin Newsom, Yee, ” Yee, Newsom, Gov, Eleni Kounalakis, Tony Thurmond, Toni Atkins, Rob Bonta, Gray Davis Organizations: Democratic, California Democratic Party, Democratic Gov, California State, of Equalization Locations: SACRAMENTO, Calif, San Francisco, Sacramento, California
A curly-haired young man shakes as he bends over the mound of smashed concrete that used to be his friend’s home. “Please God.”A father crawls over a mountain of gray concrete shards, his right ear pressed to the dust. “Said,” he cries, “didn’t I tell you to take care of your sister?”Another man on another rubble heap is looking for his wife and his children, Rahaf, 6, and Aboud, 4. “Rahaf,” he cries, leaning forward to scan the twisted pile of gray before him. “What has she done to deserve this?”Gaza has become a 140-square-mile graveyard, each destroyed building another jagged tomb for those still buried within.
Persons: Ahmed, , “ Salma, Said, “ Said, Organizations: The New York Times Locations: Gaza
The rift over the war in Gaza between Israel and the United States, its closest ally, broadened on Sunday when Israel’s prime minister accused a top-ranking American lawmaker of treating his country like a “banana republic.”Prime Minister Benjamin Netanyahu, who is facing increasing pressure to negotiate a cease-fire, lashed out at Senator Chuck Schumer over his call for elections to be held in Israel when the war winds down. In an interview on CNN’s “State of the Union,” Mr. Netanyahu suggested that Mr. Schumer, the Senate majority leader, was trying to topple his government and said his call for an election was “totally inappropriate.”“That’s something that Israel, the Israeli public, does on its own,” he said. “We’re not a banana republic.”On Thursday, Mr. Schumer, a Democrat from New York who is the highest-ranking Jewish elected official in the United States, delivered a scathing speech on the Senate floor, accusing Mr. Netanyahu of letting his political survival supersede “the best interests of Israel” and of being “too willing to tolerate the civilian toll in Gaza.”
Persons: Benjamin Netanyahu, Chuck Schumer, ” Mr, Netanyahu, Schumer, , “ We’re, Mr, Israel ”, Organizations: , CNN’s, Union Locations: Gaza, Israel, United States, CNN’s “ State, , New York
It is all too easy to trace the skull beneath the Gazan boy’s face, the pallid skin stretching tight over every curve of bone and sagging with every hollow. The pictures of Yazan circulating on social media have quickly made him the face of starvation in Gaza. Five months into Israel’s campaign against Hamas and its siege of Gaza, hundreds of thousands of Palestinians are close to starvation, United Nations officials say. At least 20 Palestinian children have died from malnutrition and dehydration, according to Gazan health officials. Like Yazan, who required medicines that were in acutely short supply in Gaza, many of those who died also suffered from health conditions that further placed their lives at risk, health officials said.
Persons: Yazan Kafarneh, Yazan, Gazans Organizations: Hamas, United Nations Locations: Gaza
Inside the wood-paneled shop in Cairo’s famed Khan el-Khalili market, the price of gold was slumping fast, and Rania Hussein was feeling the future slip through her fingers. She and her mother watched the gold merchant weigh the necklace and three bangles they had brought in — jewelry Ms. Hussein had bought for her mother as a present five years ago but which they now needed to sell. Her brother was getting married, an expensive undertaking even in normal times, but the economic crisis and soaring inflation that have gripped Egypt for more than two years left the family no choice. Years of reckless spending and economic mismanagement had come to a head in 2022, when Russia’s invasion of Ukraine helped plunge Egypt into a financial crisis. It also has shut her clothing design business and wiped out three-quarters of the value of her brother’s salary as an accountant.
Persons: Khan el, Rania Hussein, Hussein Locations: Egypt, Ukraine, Gaza
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