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☆ Sweden temporarily moves Iraq embassy staff after storming
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Emilie MadiSTOCKHOLM, July 21 (Reuters) - Seconded staff and operations at the Swedish embassy in Baghdad have been relocated temporarily to Stockholm for security reasons after it was stormed by protesters, the Swedish Foreign Ministry said on Friday. Iraq expelled the Swedish ambassador on Thursday in protest at a planned burning of the Koran in Stockholm that had prompted hundreds of protesters to attack and vandalise the embassy in the Iraqi capital. A Sweden foreign ministry spokesperson said on Friday that the staff and operations would temporarily move to Stockholm for security reasons but declined to give further comment. "What has happened is completely unacceptable and the government strongly condemns these attacks," Foreign Minister Tobias Billstrom said in a statement on Thursday. Reporting by Louise Breusch Rasmussen in Copenhagen and Johan Ahlander in Stockholm, editing by Anna RingstromOur Standards: The Thomson Reuters Trust Principles.

Persons: Emilie Madi STOCKHOLM, Tobias Billstrom, Louise Breusch Rasmussen, Johan Ahlander, Anna Ringstrom Organizations: REUTERS, Swedish Foreign, Iraq, Thomson Locations: Sweden, Beirut’s, Lebanon, Swedish, Baghdad, Stockholm, Copenhagen

☆ Swedish embassy in Baghdad stormed, set alight over Quran burning plans
▼ + stars: | 2023-07-20 | by ( ) www.cnbc.com time to read: +2 min

Supporters of Iraqi Shiite cleric Moqtada al-Sadr gather for a protest outside the Swedish embassy in Baghdad on July 20, 2023. Hundreds of protesters stormed the Swedish embassy in central Baghdad early on Thursday, scaling its walls and setting it ablaze in protest against the expected burning of a Quran in Sweden. Swedish Foreign Minister Tobias Billstrom said embassy staff were safe but that Iraqi authorities had failed in their responsibility to protect the embassy in accordance with the Vienna Convention. Swedish police denied several applications earlier this year for protests that were set to include burning the Quran, citing security concerns. "Yes, yes to the Quran," protesters chanted.

Persons: Moqtada al, Sadr, Tobias Billstrom, Muqtada Sadr, STT Organizations: Swedish, Vienna Convention, TT, Telegram Locations: Swedish, Baghdad, Sweden, Vienna, Finnish, Stockholm, Iraqi

Swedish Foreign Minister Tobias Billstrom said staff at the Swedish embassy in Baghdad were safe but Iraqi authorities had failed in their responsibility to protect the embassy. Thursday's demonstration was called by supporters of Shi'ite cleric Muqtada al-Sadr to protest at the second planned Koran burning in Sweden in weeks, according to posts in a Telegram group linked to the influential cleric and other pro-Sadr media. He stood by the embassy storming on Thursday, telling a press conference the U.S. "has no right to condemn the burning of the Swedish embassy but should have condemned the burning of the Koran". "Yes, yes to the Koran," protesters chanted. Sweden has seen several Koran burnings in recent years, mostly by far-right and anti-Muslim activists.

Persons: Tobias Billstrom, Sayyed Hassan Nasrallah, Mohammed Shia Al, Billstrom, Muqtada al, Moqtada al, Read, Tayyip Erdogan, Ulf Kristersson, Timour Azhari, Anna Ringstrom, Supantha Mukherjee, Johan Ahlander, Marie, Louise Breusch Rasmussen, Ahmed Rasheed, Tom Hogue, Tom Perry, Lincoln, Bernadette Baum, William Maclean, Alison Williams, Cynthia Osterman Organizations: NATO, Sweden's Ericsson, State Department, Telegram, Turkish, Sweden's, Islam, Marie Mannes, Thomson Locations: Iraq, BAGHDAD, STOCKHOLM, Swedish, Stockholm, Baghdad, Iraqi, Sweden, Tehran, Turkey, Washington, Sadr, Copenhagen

☆ Norway regulator to fine Meta over privacy breaches
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +2 min

Regulator Datatilsynet said it would charge the fine every day from Aug. 4 until Nov. 3 unless Meta takes action. Datatilsynet has referred its move to the European Data Protection Board, which, if the latter agrees, could make the fine permanent and widen the decision's territorial scope in Europe. Datatilsynet's decision comes days after the European Union's top court ruled Meta cannot harvest user data for behavioural advertising. In December the data regulator in Ireland (DPC), where Meta has its European headquarters, said the firm had to stop the practice. "We continue to constructively engage with the Irish DPC, our lead regulator in the EU, regarding our compliance with its decision," Meta said.

Persons: Datatilsynet, Meta, Tobias Judin, Gwladys Fouche, Anna Ringstrom, Jason Neely Organizations: Meta, Big Tech, Reuters, European Data Protection, European, NRK, Thomson Locations: OSLO, Norway, Datatilsynet, Europe, Ireland, Norwegian

☆ Negotiators See Global Deal on Taxing Big Tech Companies Within Reach
▼ + stars: | 2023-07-12 | by ( Paul Hannon | Richard Rubin | ) www.wsj.com time to read: 1 min

Several countries have threatened to adopt special taxes on tech companies if the talks collapse. Photo: tobias schwarz/Agence France-Presse/Getty ImagesNegotiators trying to hammer out a global deal to change how and where large technology companies are taxed failed to reach an agreement this week, but participants said they are close enough for now to avert a damaging alternative: a new trade war between the U.S. and Europe.

Persons: tobias schwarz Organizations: Agence France, Getty, U.S Locations: Europe

☆ Sweden's military will bring 'substantial capacities' to NATO, foreign minister says
▼ + stars: | 2023-07-12 | 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 EmailSweden's military will bring 'substantial capacities' to NATO, foreign minister saysTobias Billström, Sweden's minister for foreign affairs, explains his country's decision to join the military alliance.

Persons: Tobias Billström Organizations: NATO

☆ Erdogan says Turkey could approve Sweden’s NATO membership if Europeans ‘open way’ to EU membership
▼ + stars: | 2023-07-10 | by ( ) www.cnbc.com time to read: +6 min

VILNIUS, Lithuania (AP) — Turkish President Recep Tayyip Erdogan on Monday introduced a new condition for approving Sweden's membership in NATO, calling on European countries to "open the way" for Turkey to join the European Union. It was the first time that Erdogan linked his country's ambition to join the EU with Sweden's efforts to become a NATO member. The White House readout of the Biden-Erdogan call did not mention the issue of Turkish membership in the EU. Sullivan didn't mention the EU membership issue. Previously non-aligned Sweden and Finland applied for NATO membership last year following Russia's invasion of Ukraine.

Persons: Tayyip Erdogan, Ulf Kristersson, Jens Stoltenberg, Recep Tayyip Erdogan, Erdogan, Joe Biden, Stoltenberg, Dana Spinant, Jake Sullivan, Biden, Sullivan, Vilnius —, Paul Levin, Levin, Tobias Billström, Billström Organizations: Swedish, NATO, Monday, European Union, U.S, EU, Biden, Institute for Turkish Studies, Stockholm University, SVT, Kurdistan Workers ' Party Locations: Vilnius, VILNIUS, Lithuania, Turkey, Lithuania's, Sweden, Ankara, Istanbul, Finland, Swedish, NATO, Madrid, Cyprus, Stockholm, Sweden's, United States, Turkish, Kurdistan, Hungary, Ukraine

☆ Twitter threatens to sue Meta after rival app Threads gains traction
▼ + stars: | 2023-07-06 | by ( Brian Fung | ) edition.cnn.com time to read: +2 min

CNN —Twitter is threatening Meta with a lawsuit after the blockbuster launch of Meta’s new Twitter rival, Threads — in perhaps the clearest sign yet that Twitter views the app as a competitive threat. On Wednesday, an attorney representing Twitter sent Meta CEO Mark Zuckerberg a letter that accused the company of trade secret theft through the hiring of former Twitter employees. “No one on the Threads engineering team is a former Twitter employee — that’s just not a thing,” he said on Threads. Unlike some Twitter rivals, Threads has experienced rapid growth, with Zuckerberg reporting 30 million user sign-ups in the app’s first day. As of Thursday afternoon, Threads was the number-one free app on the iOS App Store.

Persons: Mark Zuckerberg, Alex Spiro, Elon Musk, Meta, Musk, Meta “, ” Spiro, ”, Andy Stone, “, — that’s, Jack Dorsey, Zuckerberg, Carl Tobias, ” Tobias Organizations: CNN, Twitter, Semafor, University of Richmond, Meta

REUTERS/Hannah BeierJuly 3 (Reuters) - In state after state, conservative lawmakers this year have banned medical procedures for transgender youth. Now, a growing number of federal judges are blocking those laws from taking effect. The court rulings offer temporary relief from the recent rush of bills banning transgender youth from receiving treatments such as puberty blockers and hormone therapy. Democrats, LGBTQ advocacy groups and health providers say the bans unjustly target a vulnerable community for whom gender-affirming care can be life-saving. The judges also have said laws banning such care violate a parent's right to make healthcare decisions for their children.

Persons: Hannah Beier, Tobias Wolff, Kevin Jennings, Donald Trump, Cynthia Cheng, Wun Weaver, Matt Sharp, Sharp, Jay Richards, " Richards, Barack Obama, Daniel Trotta, Brendan Pierson, Colleen Jenkins, Diane Craft Organizations: REUTERS, University of Pennsylvania, Lambda, Republican, Human Rights, Alliance Defending, Foundation's, for Religion, Civil Society, American Academy of Pediatrics, World Professional Association for Transgender Health, Democratic, American Civil Liberties Union, Thomson Locations: Doylestown , Pennsylvania, U.S, Alabama , Arkansas, Florida , Indiana , Kentucky, Tennessee, Montana, Georgia, Oklahoma, United States, Arkansas

☆ Shopify's midlife crisis: How a surprise pivot away from logistics capped the e-commerce giant's whirlwind year
▼ + stars: | 2023-06-29 | by ( Madeline Stone | Emma Cosgrove | ) www.businessinsider.com time to read: +12 min

But Shopify's logistics acquisitions, which came with around 550 more staff altogether, started to look like dead weight after the shine of the initial announcements wore off. By the beginning of 2023, the attitude toward logistics inside Shopify had shifted to palpable frustration, four people who worked for Shopify's logistics division said. Lance McMillan/Toronto Star via Getty ImagesIndependent of logistics, Shopify saw massive cultural shifts in the past several years. One core tenet of Shopify's work culture is "default to open," meaning it values transparency and sharing information with employees. The letter referred to Shopify's logistics work of the past four years as a "side quest" that distracted the company from its "main quest."

Persons: Shopify, it's, Oppenheimer, Ken Wong, Lance McMillan, crafters, Tobias Lütke, Slack, —, Lütke, Shopify's, I've, Toby Shannan, Morgan Stanley, Jeff Hoffmeister, Bobby Morrison, Allan Leinwand, Kaz Nejatian, Nejatian, Madeline Stone, Emma Cosgrove Organizations: Employees, Amazon, Systems, Kiva Systems, Toronto Star, Getty, miscalculating, Facebook, ecosgrove Locations: Shopify, Ottawa , Ontario, —, Silicon

☆ First U.S. malaria cases diagnosed in decades in Florida and Texas
▼ + stars: | 2023-06-27 | by ( Sharon Bernstein | ) www.reuters.com time to read: +2 min

REUTERS/Tobias Schwarz//File PhotoJune 26 (Reuters) - Five cases of malaria have been confirmed in Florida and Texas, the first time the potentially fatal mosquito-borne disease has been locally acquired in the United States in 20 years, the Centers for Disease Control and Prevention said Monday. The four Florida cases, along with one in Texas, have been diagnosed over a period of two months, the agency said. The state of Florida said that its first case was diagnosed on May 26 in Sarasota County, while officials in Texas said on June 23 that a Texas resident who worked outdoors in Cameron County had been diagnosed with the disease. The CDC said in an alert released Monday that malaria is considered a medical emergency, and that anyone with symptoms should be "urgently evaluated." However, the CDC said that risk of malaria remains low in the United States, and that most cases are acquired when people travel outside of the country.

Persons: Tobias Schwarz, Sharon Bernstein, Stephen Coates Organizations: REUTERS, Centers for Disease Control, Prevention, CDC, Thomson Locations: Leipzig, Florida, Texas, United States, Sarasota County, Cameron County, Africa

CNN —A glistening, curved building of blue tiles and panels in metallic hues, the Pears Jewish Campus (PJC) will be Germany’s biggest Jewish educational and cultural center when it opens its doors in Berlin on Sunday. The "Tree of Life" light installation in the entrance is reflected in the ceiling of the Pears Jewish Campus. Rabbi Yehuda Teichtal, right, and artist Tobo, left, spray paint on a graffiti wall on the campus. When he met Tchoban a few years ago, he told the architect of his dream to have a Jewish educational center. “(The PJC) is a new stage of the 1,700 (year) history of Jewish life in Germany,” he said.

Persons: ”, Yehuda Teichtal, Monika Skolimowska, Tobo, Tobias Friesike, ” Teichtal, Rabbi Yehuda Teichtal, Markus Schreiber, Sergei Tchoban, Teichtal, Tchoban, Josef Schuster, “, PJC hasn’t Organizations: CNN, Sunday, Jewish Education, Kondius AG, Jewish Allgemeine, Allgemeine, Central Council of Locations: Berlin, Germany, ” Berlin, ”, Israel, Brooklyn , New York, Auschwitz

☆ Time has come for Turkey to ratify Sweden's NATO bid - Swedish minister
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +2 min

STOCKHOLM, June 21 (Reuters) - Turkey's parliament should begin to ratify Sweden's bid to join NATO because Stockholm has now met its obligations under an accord with Ankara on joining the Western military alliance, Swedish Foreign Minister Tobias Billstrom said on Wednesday. Last year Sweden and Finland both reversed decades of military non-alignment and applied to join NATO following Russia's invasion of Ukraine. Finland joined NATO in April but Turkey continues to block Sweden's membership citing security concerns. This month Ankara said Sweden must crack down on anti-Turkey protests in Stockholm before it can receive the green light to join NATO. Hungary has also still to ratify Sweden's NATO bid.

Persons: Tobias Billstrom, Billstrom, Tayyip Erdogan, Niklas Pollard, Simon Johnson, Gareth Jones Organizations: NATO, Western, Reuters, Kurdistan Workers Party, Sweden's NATO, Thomson Locations: STOCKHOLM, Stockholm, Ankara, Swedish, Sweden, Finland, Ukraine, Turkey, Vilnius, Madrid, Hungary

☆ Blinken encourages Turkish counterpart to support Sweden's NATO bid
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +2 min

ANKARA/WASHINGTON, June 21 (Reuters) - U.S. Secretary of State Antony Blinken encouraged Ankara to support Sweden in its bid to join NATO in a meeting with new Turkish Foreign Minister Hakan Fidan on Wednesday, a State Department spokesperson said. "(Blinken) also... encouraged Turkey's support for Sweden to join the NATO Alliance now," he said. Blinken welcomed Ankara's support for Kyiv and its work on the grain deal, which allows Ukrainian exports from Black Sea ports, the spokesperson said. Sweden and Finland both reversed decades of military non-alignment last year and applied to join NATO following Russia's invasion of Ukraine. Fidan said he was there to demonstrate Turkey's support for Ukraine.

Persons: Antony Blinken, Hakan Fidan, Fidan, Blinken, Matthew Miller, Tayyip Erdogan, Tobias Billstrom, Huseyin Hayatsever, Rami Ayyub, Daren Butler, Ali Kucukgocmen, Christina Fincher Organizations: NATO, Turkish, State Department, NATO Alliance, Kyiv, Swedish, Thomson Locations: ANKARA, WASHINGTON, Ankara, Sweden, Turkey, Vilnius, Ukraine, London, Black, finalise, Finland, Stockholm, Blinken, Washington

☆ China's manufacturing capacity will be hard to replace, Deutsche Post DHL CEO says
▼ + stars: | 2023-06-21 | 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 EmailChina's manufacturing capacity will be hard to replace, Deutsche Post DHL CEO saysDeutsche Post DHL CEO Tobias Meyer says companies are diversifying away from China but the country remains a vital part of supply chains.

Persons: Tobias Meyer Organizations: Deutsche Post DHL Locations: China

The Hindu Kush Himalaya stretches 3,500 km (2,175 miles) across Afghanistan, Bangladesh, Bhutan, China, India, Myanmar, Nepal and Pakistan. At 1.5 degrees Celsius or 2C of warming above preindustrial temperatures, glaciers across the entire region will lose 30% to 50% of their volume by 2100, the report said. At 3C of warming — what the world is roughly on track for under current climate policies — glaciers in the Eastern Himalaya, which includes Nepal and Bhutan, will lose up to 75% of their ice. THE FULL PICTUREScientists have struggled to assess how climate change is affecting the Hindu Kush Himalaya. “We have a better sense of what the loss will be through to 2100 at different levels of global warming.”LIVELIHOODS AT RISKWith this newfound understanding comes grave concern for the people living in the Hindu Kush Himalaya.

Persons: Tika Gurung, “ We’re, we’re, ”, Philippus Wester, Wester, Tobias Bolch, “, “ We’ve, Amina Maharjan, Gloria Dickie, Frances Kerry Organizations: Integrated Mountain Development, United, “, Graz University of Technology, Thomson Locations: Langtang, Nepal, 1.5C, Asia’s, Kathmandu, Afghanistan, Bangladesh, Bhutan, China, India, Myanmar, Pakistan, North, Rocky, United States, it’s, Austria, Wester, ”, London

HAMBURG, June 11 (Reuters) - BioNTech (22UAy.DE) will go to court on Monday to defend itself against a lawsuit from a German woman who is seeking damages for alleged side effects of its COVID-19 vaccine, the first of potentially hundreds of cases in the country. The plaintiff claims she suffered upper-body pain, swollen extremities, fatigue and sleeping disorder due to the vaccine. Tobias Ulbrich, a lawyer at Rogert & Ulbrich, told Reuters he aimed to challenge in court the assessment made by European Union regulators and German vaccine assessment bodies that the BioNTech shot has a positive risk-benefit profile. Almost 768 million vaccine doses have been administered in the European Economic Area (EEA), which includes the 27 EU member states plus Iceland, Liechtenstein and Norway. Rogert & Ulbrich says it has filed about 250 cases for clients seeking damages for alleged side-effects of COVID-19 vaccines.

Persons: Tobias Ulbrich, Caesar, Preller, Ludwig Burger, Patricia Weiss, Emilio Parodi, Natalie Grover, Sam Tobin, Josephine Mason, Mark Potter Organizations: Reuters, European Union, Pfizer, European Medicines Agency, EMA, Economic, BioNTech, United, Thomson Locations: HAMBURG, Hamburg, Germany, Iceland, Liechtenstein, Norway, United States, Italy, Milan, London

Odey Asset Management "does not recognise the picture of the firm that has been painted" by the allegations, it told investors in a letter seen by Reuters. Within hours of the report being published, Wall Street firms including Goldman Sachs (GS.N), JPMorgan (JPM.N) and Morgan Stanley (MS.N) began reviewing their prime broking ties with Odey Asset Management, sources familiar with the matter told Reuters. "We are confident our service providers will continue to work with us," an Odey Asset Management letter said later. Industry experts consulted by Reuters said that did not necessarily indicate a major change in culture in the City, however. A London employment tribunal last month awarded a former Algebris employee over 32,000 pounds in a sex harassment claim against the asset management company.

Persons: Crispin Odey, Odey, Goldman Sachs, Morgan Stanley, MS.N, Schroders, Evan Nierman, Megan Tobias Neely, Neely, retrained, Daniel Beunza, Davide Serra, Serra, Algebris, Yasmine Chinwala, Nell Mackenzie, Sinead Cruise, Naomi Rovnick, Dhara Ranasinghe, Rosalba O'Brien Organizations: Odey Asset Management, Financial Times, Tortoise Media, Reuters, Odey, Wall, JPMorgan, FT, Financial, Bayes Business, Labour Party, New, Thomson Locations: City, London, Britain, New York

☆ Painting in the Age of Photography
▼ + stars: | 2023-06-02 | by ( Tobias Grey | ) www.wsj.com time to read: 1 min

Gerhard Richter’s photorealistic painting ‘Two Candles’ (1982). Photo: Gerhard RichterThe growing prevalence of photographic images in the first half of the 20th century persuaded many painters to shift away from representing reality and to focus instead on expressing their own emotional reactions to the world. That shift is dramatized in “Capturing the Moment: A Journey Through Painting and Photography,” opening June 13 at Tate Modern in London, which explores the myriad ways contemporary painting and photography have influenced each other.

Persons: Gerhard Richter’s, Gerhard Richter Organizations: Tate Modern Locations: London

London generated $2 billion in venture capital funding in the first quarter of 2023, compared to Berlin's $800 million, a DEEP Ecosystems analysis of Dealroom data showed. Reuters Graphics Reuters GraphicsTOUGHER TIMESIn 2022, 501 startups were founded in Berlin, a fifth of Germany's total. About a fifth of openings at startups were vacant and more than half were struggling to fill posts, German Startups Association said. In Germany, it has been accompanied by the sharpest contraction in venture capital funding in Europe in the past 12 months, down 42%. The funding crunch is hitting Germany's push to encourage the growth of new renewables businesses, given manufacturing startups are particularly capital intensive.

Persons: Avitosh Sawhney, Christian, headwinds, Katharina Beck, Lindner, Maximilian Tayenthal, Christoph Stresing, Tobias Lechtenfeld, Chancellor Olaf Scholz's, Maria Martinez, Riham Alkousaa, Matthias Williams, Mark John, Edmund Blair Organizations: Wall, Greens, Reuters, Startup Heatmap, Reuters Graphics Reuters, Manpower, Association, European Central Bank, Tech, Zero Alliance, Free Democratic Party, Thomson Locations: Berlin, London, BERLIN, Paris, Germany, Europe

OSLO, June 1 (Reuters) - NATO Secretary-General Jens Stoltenberg said on Thursday he would soon travel to Turkey to discuss Sweden's NATO membership, in a bid to close a process that has been delayed due to objections from member countries Turkey and Hungary. Speaking during a two-day meeting of NATO foreign ministers in Oslo, Stoltenberg said he had spoken to Tayyip Erdogan earlier this week, who at the weekend won re-election as Turkey's president. "I will also travel to Ankara in the near future to continue to address how we can ensure the fastest possible accession of Sweden," Stoltenberg told reporters. "It is time for Turkey and Hungary to start the ratification of Swedish membership to NATO." Several NATO foreign ministers expressed confidence Sweden could become a member before, or at, a NATO summit in Vilnius, Lithuania, in July.

Persons: Jens Stoltenberg, Stoltenberg, Tayyip Erdogan, Sweden, Tobias Billstrom, Gabrielius Landsbergis, Gwladys Fouche, Sabine Siebold, Terje Solsvik Organizations: NATO, Lithuanian, Thomson Locations: OSLO, Turkey, Hungary, Oslo, Ankara, Sweden, Swedish, Vilnius, Lithuania

☆ ‘You Hurt My Feelings’ Review: She Can’t Handle the Truth
▼ + stars: | 2023-05-25 | by ( Wesley Morris | ) www.nytimes.com time to read: +2 min

“You Hurt My Feelings” sums up the Nicole Holofcener experience: funny in its wounded bluntness. Her characters — comfortable New Yorkers and Angelenos — tend to lash out; their preferred approach to honesty is brazenness. But Holofcener is drawn more to the process of healing than she is to the wielding of hurt. By that point the movie’s already shown us what Beth’s and Don’s lives are like, together and apart. One thing that’s probably kept the marriage firm has been saying “I love this” and “it’s great,” when it’s not.

☆ 'It can't get much worse than this': A trail of portfolio managers have resigned or been liquidated as the once lush index-rebalance strategy dries up
▼ + stars: | 2023-05-11 | by ( Alex Morrell | ) www.businessinsider.com time to read: +5 min

Heavyweight multi-strategy hedge funds aren't known for their patience. It seems their patience has run out on the index-rebalance strategy, one of the most popular and sought-after hedge fund moneymakers in recent years. Representatives for the hedge funds declined to comment or did not respond to requests for comment. While hedge funds are allocating their capital elsewhere, they haven't given up on index-rebalance trading. Do you know more about the index-rebalance trade?

☆ Billionaires and CEOs descended on Beverly Hills to talk recession, bank failures, and more. Here's the inside track.
▼ + stars: | 2023-05-07 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

On the agenda today:But first: The big takeaways from the Milken Institute Global Conference in Beverly Hills. Senator Joe Manchin (D-WV) speaks at the 2023 Milken Institute Global Conference Mike Blake/ReutersThe big-money set jetted into LA last week for the Milken Global Conference. Biggest opportunityCampbell: The pullback in lending by banks is raising the hopes of those in the private credit industry. Read more:'Junk fees'Getty ImagesIt goes by many names: an administrative fee, a transaction fee, even a "regulatory compliance" fee. Akash Nigam, the founder and CEO of Genies, who is spending $2,400 a month on ChatGPT accounts for all his employees.

☆ Iran hangs Swedish-Iranian convicted over attack that killed 25 people
▼ + stars: | 2023-05-06 | by ( ) www.reuters.com time to read: +2 min

DUBAI, May 6 (Reuters) - Iran on Saturday executed a Swedish-Iranian dissident convicted of leading an Arab separatist group accused of attacks including one on a military parade in 2018 that killed 25 people, the Iranian judiciary said. Swedish Foreign Minister Tobias Billstrom reacted with "dismay" to Chaab's execution, saying Sweden had pleaded with Iran not to carry it out. Iran said in 2020 that its security forces detained Chaab in neighbouring Turkey and took him to Tehran, without giving details of his capture. Iran has had tense relations with its ethnic minorities, which include Arabs, Kurds, Azeris and Baluch, and has accused them of aligning with neighbouring countries. Arabs and other minorities have long complained of facing discrimination in Iran, an accusation Tehran denies.

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