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☆ Prosecutors are in a good position against Sam Bankman-Fried, says fmr. assistant U.S. attorney
▼ + stars: | 2022-12-30 | 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 EmailProsecutors are in a good position against Sam Bankman-Fried, says fmr. assistant U.S. attorneyDanya Perry, former assistant U.S. attorney for the Southern District of New York, joins CNBC's 'Squawk Box' to weigh in on the case against FTX's Sam Bankman-Fried, who is expected to enter a plea next week.

☆ Queen guitarist May, soccer Lionesses named in king's New Year honours
▼ + stars: | 2022-12-30 | by ( ) www.reuters.com time to read: +2 min

Denis Pellerin/Handout via REUTERSLONDON, Dec 30 (Reuters) - Britain recognised Queen guitarist Brian May, several English "Lionesses" who won the European women's soccer championship and diplomats involved in the response to Russia's invasion of Ukraine in King Charles' first New Year's honours list. Four members of the England women's soccer team received honours, with captain Leah Williamson awarded an OBE, while the tournament's golden boot winner Beth Mead, defender Lucy Bronze and all-time top scorer Ellen White received MBEs. The team's coach, Dutch national Sarina Wiegman, received an honorary CBE - a type of award given to foreign nationals. Queen Elizabeth died in September, making the New Year's honours the first to be awarded by King Charles since he came to the throne. The list is drawn up by independent committees, before it is approved by the prime minister and the monarch.

☆ Factbox: Six highlights from testimony released by the Jan. 6 committee
▼ + stars: | 2022-12-29 | by ( Moira Warburton | ) www.reuters.com time to read: +4 min

Since the release of its report last week, the committee has released testimony transcripts highlighting other developments in Trump's White House, before and after the riot. "The president floated the idea and Cipollone said no," McEntee told the committee, referring to Pat Cipollone, former White House counsel. He said something to the effect of, God, no," Hutchinson told the committee, referring to the memo. Originals of all White House documents must be kept for the archives, but copies can be burned. She suspected her former lawyer of leaking her testimony to the press, and telling other Trump-adjacent figures about what she told the committee.

The free food programme, however, cost the government around $47 billion, worsened the fiscal deficit and reduced wheat stocks in government warehouses to multi-year lows. The government expects to save nearly $20 billion a year by ending the COVID free food scheme. MODI TRUSTED BY VOTERSSome economists had wanted the food programme gone months ago as COVID curbs eased. Had the trust not been there, and for any other leader, it would have been difficult to end such a food programme ahead of elections." But senior BJP leader and former minister Ravi Shankar Prasad said that the decision to reduce food aid should not be linked to elections or politics.

☆ Factbox: Four highlights from testimony released by the Jan. 6 committee
▼ + stars: | 2022-12-28 | by ( Moira Warburton | ) www.reuters.com time to read: +3 min

Since the release of its report last week, the committee has made public transcripts of testimony from various witnesses. BLANKET PARDONSTrump wanted to issue blanket pardons for everyone who participated in the riot, according to testimony from John McEntee, former head of personnel at the White House. "The President floated the idea and Cipollone said no," McEntee told the committee, referring to Pat Cipollone, former White House counsel. Originals of all White House documents must be kept for the archives, but copies can be burned. She suspected her former lawyer of leaking her testimony to the press, and telling other Trump-adjacent figures about what she told the committee.

☆ Explainer: What is Zelenskiy's 10-point peace plan?
▼ + stars: | 2022-12-28 | by ( ) www.reuters.com time to read: +3 min

Dec 28 (Reuters) - Ukraine's President Volodymyr Zelenskiy has been vigorously promoting his 10-point peace plan, discussing it with U.S. President Joe Biden among others, and urging world leaders to hold a Global Peace Summit based on it. Here is an explainer on the plan and world reaction:WHAT IS ZELENSKIY'S 10-POINT PEACE PLAN? WHAT IS ZELENSKIY'S GLOBAL PEACE SUMMIT PROPOSAL? In December, Zelenskiy urged the leaders of the Group of Seven nations to support his Global Peace Summit idea in winter that would focus on the peace plan "as a whole or some specific points in particular". But response to Zelenskiy's peace plan and his proposed peace summit has been more cautious.

☆ Former WH aide says Trump allies helped deliver a ‘dolly of boxes’ full of what may have been classified intelligence documents to the Situation Room in the final days of Trump’s presidency
▼ + stars: | 2022-12-28 | by ( Azmi Haroun | ) www.businessinsider.com time to read: +3 min

A former WH aide detailed the flow of intelligence documents to the Situation Room during Trump's last days. In a new transcript, she described how Trump allies including Meadows sought boxes of documents from congress. "On December 31st — or December 30th — we got all the documents, Hutchinson told the committee in a May 17, 2022 interview. "And why would they need to bring them to the White House to look into them?" "I don't know," she answered, maintaining that she never took part in the meetings between the White House officials and Republican allies, despite her top security clearance.

☆ Southwest's antiquated and atypical flight systems are partially responsible for cancellation chaos, airline experts say
▼ + stars: | 2022-12-28 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +7 min

An outdated scheduling system and unique flight network structure exacerbated the problem. Airline analysts and industry experts told Insider and other outlets that Southwest's outdated scheduling system and atypical approach to mapping its flight network were partially responsible for the crisis. Canceled Southwest Airlines flights show on a monitor at Hollywood Burbank Airport, Tuesday, Dec 27, 2022. The problem has been further inflamed by Southwest's scheduling system. Passengers wait in line to claim their baggage at Nashville International Airport after their flights on Southwest Airlines were cancelled in Nashville, Tennessee, on December 27, 2022.

☆ Here are the people who will lose out most if student loan forgiveness falls through
▼ + stars: | 2022-12-28 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

People of colorThe student debt crisis is cited as a main factor for the wide racial wealth gap in the U.S. today. Black college graduates owe an average $7,400 more than their white peers, a Brookings Institution report found. And that inequity only gets worse with time: Black college students owe more than $52,000 four years after graduation, compared with around $28,000 for the average white college graduate. WomenWomen were widely recognized as the biggest winner of Biden's student loan forgiveness plan, since they owe two-thirds of the country's outstanding student debt. "Women will be the most affected if loan forgiveness fails," Kantrowitz said.

☆ Iranian woman competes at chess tournament without hijab- media reports
▼ + stars: | 2022-12-27 | by ( ) www.reuters.com time to read: +3 min

DUBAI, Dec 27 (Reuters) - An Iranian chess player has taken part in an international tournament without a hijab, according to media reports, the latest of several Iranian sportswomen to appear at competitions without one since anti-government protests began. Iranian news outlets Khabarvarzeshi and Etemad, in reports on Monday, said Sara Khadem had competed at the FIDE World Rapid and Blitz Chess Championships in Almaty, Kazakhstan, without the hijab - a headscarf mandatory under Iran's strict dress codes. Photos posted by both outlets appeared to show her with no headscarf during the tournament. There was no comment on Khadem's Instagram page about the tournament or the reports, and she did not immediately respond to a direct message from Reuters. In October, Iranian climber Elnaz Rekabi competed in South Korea without a headscarf, later saying she had done so unintentionally.

☆ Russia's Lavrov: West and Ukraine want to destroy Russia
▼ + stars: | 2022-12-27 | by ( ) www.reuters.com time to read: +2 min

Dec 27 (Reuters) - The United States and its NATO allies together with Ukraine want to defeat Russia "on the battlefield" in order to destroy it, Russia's Foreign Minister Sergei Lavrov told the state TASS agency in remarks published Monday. President Vladimir Putin launched his invasion of Ukraine on Feb. 24, calling it a "special operation" to "denazify" and demilitarise Ukraine, which he said was a threat to Russia. Like most senior Russian officials, Lavrov has over the last decade adopted an increasingly hawkish position, supporting Russia's invasion of Ukraine and railing against what he and Putin have called the West's attempts to constrain Russia and dominate global affairs. Lavrov reiterated that Russia and the United States cannot maintain normal connection, blaming the administration of the U.S. President Joe Biden. The United States has provided billions of dollar in support to Ukraine, with the latest $1.85 billion aid package announced last week, further angering Moscow.

REUTERS/Clodagh KilcoyneKVIV/MOSCOW, Dec 26 (Reuters) - Russian forces bombarded scores of towns in Ukraine on Christmas Day as Russian President Vladimir Putin said he was open to negotiations, a stance Washington has dismissed as posturing because of continued Russian attacks. Ukraine has traditionally not celebrated Christmas on Dec. 25, but Jan. 7, the same as Russia. That range reaches deep into neighbours of Belarus: Ukraine and NATO member Poland, which has very strained relations with Minsk. The S-400 system is a Russian mobile, surface-to-air missile (SAM) interception system capable of engaging aircraft, UAVs, cruise missiles, and has a terminal ballistic missile defence capability. Blasts were heard at Russia's Engels air base, hundreds of kilometres (miles) from the Ukraine frontlines, Ukrainian and Russian media reported on Monday.

☆ Former Maldives president Yameen to appeal 11-year jail term
▼ + stars: | 2022-12-26 | by ( Mohamed Junayd | ) www.reuters.com time to read: +2 min

MALE, Dec 26 (Reuters) - Former Maldives president Abdulla Yameen will appeal as soon as possible against his conviction and jailing for 11 years on corruption and money laundering charges, said his lawyer. Yameen, the opposition Progressive Party of Maldives (PPM) candidate for the next election due in 2023, was sent to a prison on Maafushi island on Sunday to start his sentence following the order from the Maldives criminal court. Former Maldives vice president Mohamed Jameel Ahmed, who is leading Yameen's legal team, said they will appeal against the criminal court's verdict without delay. Yameen, who lost power in 2018, will remain the party's presidential candidate for the 2023 election, it said. The PPM also alleged that India had "directly interfered" with the judicial process during the trial of Yameen.

☆ Blasts reported at Engels air base deep inside Russia - online media
▼ + stars: | 2022-12-26 | by ( ) www.reuters.com time to read: +1 min

Dec 26 (Reuters) - Blasts were heard at Russia's Engels air base, hundreds of kilometres (miles) from the frontlines in Ukraine, Ukrainian and Russian media outlets reported early on Monday. There was no immediate official confirmation of the blasts and Reuters was not able to independently verify the reports. The Russian news outlet Baza reported, citing local residents, that air raid sirens were wailing and an explosion was heard. The air base, near the city of Saratov, about 730 km (450 miles) southeast of Moscow, was hit on Dec. 5 in what Russia said was Ukrainian drone attacks on two Russian air bases that day. Ukraine has never publicly claimed responsibility for attacks inside Russia, but has said, however, that such incidents are "karma" for Russia's invasion.

Summary Russia says air base targeted by Ukrainian droneSays it shot the drone down, no aircraft damagedSays three servicemen were killed by falling debrisNo immediate comment from UkraineDec 26 (Reuters) - Russia said on Monday it had shot down a Ukrainian drone close to one of its air bases for long-range bombers deep inside its own territory and that three Russian air force personnel had been killed in the incident. The drone was allegedly flying near Russia's Engels air base where long-range strategic bombers that may have been used to target Ukrainian cities and infrastructure are based. Unverified Russian and Ukrainian social media accounts reported that a number of planes had been destroyed however. The same base was attacked earlier this month by Ukrainian drones, Russia said at the time. The earlier Dec. 5 strike on the same base, along with another attack the same day on another base, raised questions about the effectiveness of Russian air defences and shocked Russian commentators.

☆ House passes $1.7 trillion spending bill that rewrites U.S. election law, sending it to Biden to sign
▼ + stars: | 2022-12-23 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Sahil-Kapur-Headshot.Jpg | Sahil Kapur | ) www.nbcnews.com time to read: +5 min

WASHINGTON — The House on Friday voted to finalize a massive $1.7 trillion government funding bill, sending it to President Joe Biden and marking the end of two years of Democrats controlling both chambers of Congress. It overhauls federal election law by revising the Electoral Count Act of 1887 to try to prevent another Jan. 6. The bill funds a swath of domestic programs as well, averting a shutdown and keeping the government funded through next fall. “We have a big bill here, because we have big needs for our country,” outgoing House Speaker Nancy Pelosi said on the floor. The measure was negotiated by Democratic leaders and top Senate Republicans, including Minority Leader Mitch McConnell, R-Ky.

☆ Rep. Marjorie Taylor Greene has been vacationing in Costa Rica during one of the most consequential legislative weeks of the year
▼ + stars: | 2022-12-23 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

Republican Rep. Marjorie Taylor Greene has been vacationing in Costa Rica this week. The entire time, the Georgia congresswoman was vacationing with her kids — and her ex-husband — in Costa Rica. Greene boarding a flight to Liberia, Costa Rica at Hartsfield-Jackson Atlanta International Airport on Sunday, December 18. Greene looking at her phone at baggage claim at the airport in Liberia, Costa Rica on Sunday. "Now that COVID is over and we're back to normal life, Congresswoman Greene is ready to end proxy voting," Greene spokesman Nick Dyer told Insider in May.

☆ In China, people are learning to live with COVID
▼ + stars: | 2022-12-23 | by ( Casey Hall | ) www.reuters.com time to read: +2 min

Living in a post "zero-COVID" China, despite the anxiety about being infected and rapidly rising cases, hasn't been too bad, says Yang. "I wasn't too worried (when we tested positive), I was quite well prepared with food and medicine," she said. "When I think of this situation my feeling is just, wow, we are so lucky because now we can isolate at home," Yang said. "This wave is something we have to face, because it is impossible to stay closed forever," Yang said. "It may have some impact on the economy and cause some problems in people's lives, but many of us see hope in front of us now."

But the visit also leaves several key questions unanswered, including how U.S. military support could evolve, whether Congressional support for the war will endure and - crucially - how the war will end. Biden announced that the United States would provide another $1.85 billion in military aid, including a Patriot missile defense system. The United States and its allies have been unwilling to provide other advanced weapons Ukraine has pleaded for. The next steps for Kyiv, the officials added, would be to receive additional air defense systems from the United States and other western countries along with better integrating them. "No more blank checks to Ukraine," Republican Representative Andy Biggs wrote on Twitter hours before Zelenskiy's visit to Washington.

☆ Iran's clerical leaders to grapple with deepening dissent in 2023
▼ + stars: | 2022-12-22 | by ( Parisa Hafezi | ) www.reuters.com time to read: +4 min

Amini's family said she was beaten after being arrested by the morality police on Sept. 13 for violating the Islamic Republic's imposed dress code. Facing their worst legitimacy crisis since the 1979 Islamic Revolution, Iran's religious leaders have tried to portray the unrest as breakaway uprisings by ethnic minorities threatening national unity rather than its clerical rule. Protesters from all walks of life have taken to the streets, calling for the downfall of the Islamic Republic. However, the persistent unrest does not mean the four-decade-old Islamic Republic will disappear any time soon given the power wielded by its security apparatus. The Islamic Republic will be engulfed by what analysts call a "revolutionary process" that will likely fuel more protests into 2023, with neither side backing down.

☆ BTS fandom tech firm Weverse reaches beyond K-Pop
▼ + stars: | 2022-12-22 | by ( Joyce Lee | ) www.reuters.com time to read: +4 min

"We are a fandom business," Weverse President Joon Choi told Reuters. The app also currently has more than 80 teams of artists represented including BTS, and about 8-9 million monthly active users. However, Weverse users' 'superfan' qualities make engagement in those services turbo-charged, Choi said. Users are based in more than 200 countries and only about 10% of the app users speak Korean, Choi said. Top 5 countries Weverse users are from include Japan, Indonesia, Mexico, the United States and South Korea.

☆ Oil rallies on tight U.S. stocks as winter blast hits
▼ + stars: | 2022-12-22 | by ( Sonali Paul | ) www.reuters.com time to read: +1 min

MELBOURNE, Dec 22 (Reuters) - Oil prices rose for a fourth straight day on Thursday with U.S. crude, heating oil and jet fuel stocks seen tight just as a chilly blast hits the United States and travel is set to soar for the holiday season. At the same time there was a decline in distillate stocks, which include heating oil and jet fuel, which defied expectations for a build. Jet fuel consumption is also expected to pick up with a post-COVID boom in travel for the end-of-year holiday season. "On our numbers...the crude market is finely balanced," said National Australia Bank's head of commodity research Baden Moore. A softer U.S. dollar has also buoyed oil prices, as crude becomes cheaper for buyers holding other currencies.

☆ Republican Rep. Marjorie Taylor Greene is officially divorced from her husband
▼ + stars: | 2022-12-22 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Republican Rep. Marjorie Taylor Greene has finalized her divorce with her husband, Perry Greene. Her husband first filed for divorce in September, saying their marriage was "irretrievably broken." Perry Greene first filed for divorce in September, stating that the couples' marriage had been "irretrievably broken." Perry Greene told Insider in September the congresswoman was his "best friend for the last 29 years" and an "amazing mom." The far-right congresswoman was apparently absent from a House session held on Wednesday, the day before the divorce was finalized.

☆ The renewed 'Made in America' wave is going to make stuff like clothing and electronics more expensive
▼ + stars: | 2022-12-22 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

It's in response to the supply chains disruptions companies have faced in recent years. The headaches US corporations have faced are leading more of them to bring their supply chains closer to home and more under their control. Just under half (46%) said they were adjusting supply chains, and around a third (32%) said they were onshoring their workforce. But if more companies shift their supply chains closer to home, this could slowly begin to change. If reshoring companies have to raise wages to attract workers, they may decide to raise prices even further to protect their margins.

The MSCI Asia ex-Japan index rose on Wednesday for the first day in five, snapping its longest losing streak since October. On the data front South Korean producer price inflation, Thai trade balance and Taiwanese unemployment and industrial production figures are all scheduled for release. Bank Indonesia is expected to follow the U.S. Fed's example and slow the pace of interest rate hikes while stressing that the battle against inflation is far from over. chartLooking at the broader market picture, the U.S. yield curve continues to retrace its recent historic inversion, with spillovers from the Bank of Japan's yield curve control shock on Tuesday playing a part. The U.S. 2s/10s curve is on course to steepen for a third consecutive week, something not seen since October last year.

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