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Turkey tells U.S. it is worried about escalation of Middle East crisis, Turkish source says

ReutersApril 14, 20240

ANKARA (Reuters) – Turkish Foreign Minister Hakan Fidan told his U.S. counterpart Antony Blinken in a call on Sunday that Ankara was worried about the potential spread and escalation of the crisis in the Middle East after Iran’s attacks on Israel, a Turkish diplomatic source said. Fidan told Blinken that the root cause of the crisis in the region was the war in Gaza, and that an immediate ceasefire and unhindered access of humanitarian aid was needed in the enclave, the source said. Fidan also urged countries with influence over Israel to send the “correct messages” to prevent further escalating

Brazil police investigate Bolsonaro’s stay in February at Hungary embassy -source

ReutersMarch 26, 20240

By Rodrigo Viga Gaier RIO DE JANEIRO (Reuters) – Brazilian police are investigating why former president Jair Bolsonaro spent two nights at the Hungarian embassy in Brasilia last month right after his passport was seized in an investigation into an alleged military coup plot, a source with knowledge of the matter said on Tuesday. The source, who spoke on condition of anonymity, told Reuters the police report on the probe will be sent to Supreme Court Justice Alexandre de Moraes, who ordered the investigation into an alleged plan for a military coup after Bolsonaro was defeated in October 2022 by

Locally Sourced Products at Toms River Elks Spring Craft Market

Local News ReportMarch 7, 20240

TOMS RIVER, NJ – The Toms River Elks Lodge #1875 announces its Spring Craft Market scheduled for Sunday, March 10, from 10:00 AM to 3:00 PM. Located at 600 Washington Street, the event promises a vibrant indoor market experience featuring over 110 tables from 74 local vendors. Attendance is free, offering the community an excellent opportunity to explore various locally sourced products. This event is a shopping experience and an occasion to learn more about the Toms River Elks and their contributions to the community. In addition, the Toms River Elks Special Children’s Committee warmly invites parents of children with

Joe Biden’s Brother Switched Up Story On China Deal After Lawmakers Showed Him Receipts, Source Says

The Daily CallerFebruary 24, 20240

Joe Biden’s Brother Switched Up Story On China Deal After Lawmakers Showed Him Receipts, Source Says Nick Pope on February 21, 2024 James Biden altered his story during a closed-door interview with lawmakers on Wednesday after congressional investigators presented him with evidence directly contradicting his claims, according to a source familiar with the interview. Joe Biden’s younger brother, in closed-door testimony to the House Oversight and Judiciary Committees, initially told his interviewers that he was not part of a business deal involving Hunter Biden and several of his associates, according to a source familiar with the interview. However, after investigators

Feds Rearrest Burisma Bribery Source Just Days After Judge First Released Him

The Daily CallerFebruary 23, 20240

Feds Rearrest Burisma Bribery Source Just Days After Judge First Released Him Nick Pope on February 22, 2024 Federal law enforcement personnel rearrested the FBI source behind claims that a Ukrainian energy company bribed Hunter and Joe Biden days after a judge ordered him to be released, according to a court filing. Alexander Smirnov — the FBI source who told agents that Burisma executives discussed paying Hunter Biden and Joe Biden $5 million each to leverage U.S. policy in Ukraine to the company’s benefit — was arrested again Thursday pursuant to the same charges and same indictment that resulted in his

US believes Russia developing space-based nuclear weapon, says source

ReutersFebruary 20, 20240

(Reuters) – The United States believes Russia is developing a space-based anti-satellite nuclear weapon whose detonation could disrupt everything from military communications to phone-based ride services, a source familiar with the matter said on Tuesday. The source, who spoke on condition of anonymity, said it was his understanding the system would involve a nuclear explosive device placed into orbit. Russian President Vladimir Putin on Tuesday said Russia was against the deployment of nuclear weapons in space and his defence minister flatly denied reports Russia was developing a nuclear capability for space. The White House and the Office of the Director

Biden DOJ’s Indictment Of Burisma Bribery Source Raises More Questions Than Answers

The Daily CallerFebruary 18, 20240

Biden DOJ’s Indictment Of Burisma Bribery Source Raises More Questions Than Answers Nick Pope on February 17, 2024 The Department of Justice’s (DOJ) indictment of a FBI informant who shared information about an alleged bribery scheme involving Hunter Biden, Joe Biden and a Ukrainian energy company called Burisma raises more questions than it answers. Alexander Smirnov, the confidential human source (CHS) who alleged in 2020 that Burisma executives paid then-Vice President Joe Biden and Hunter Biden $5 million each to protect the company’s interests with their political influence, allegedly lied to FBI agents, according to the Thursday indictment unsealed by

US tells Congress of new intelligence on Russian nuclear capabilities, source says

ReutersFebruary 14, 20240

WASHINGTON (Reuters) – The United States has told Congress and European allies about new intelligence on Russian nuclear capabilities that could pose an international threat, a source briefed on the matter said on Wednesday, confirming a report in the New York Times. The new capabilities do not pose an urgent threat to the United States, the source said. The new intelligence is related to Russian attempts to develop a space-based weapon, the source said, speaking on condition of anonymity. (Reporting By Steve Holland; Editing by Leslie Adler)

Paramount Global to lay off about 800 employees – source

ReutersFebruary 13, 20240

By Samrhitha A and Jaspreet Singh (Reuters) -Paramount Global is laying off about 800 employees or roughly 3% of its workforce, a person familiar with the matter said on Tuesday, as the media company looks to cut costs and return to earnings growth this year. The affected workers who are based in the United States will be notified Tuesday, CEO Bob Bakish said in a memo to employees seen by Reuters, adding that the layoffs will also impact some of its employees in offices outside the U.S. The media industry has been grappling with the changing landscape of streaming gaining

U.S.-led coalition blocks attacks at Conoco oil field in Syria -source

ReutersFebruary 10, 20240

BEIRUT (Reuters) -Air defence systems operated by U.S.-led coalition troops based in eastern Syria halted six drone attacks targeting their base at the Conoco oil field on Saturday, a security source said. The source did not tell Reuters if there were casualties. Coalition troops and the Kurdish-led Syrian Democratic Forces (SDF), who together fight remnants of the Islamic State group, have faced increased attacks by Iran-backed groups in Syria and Iraq since Hamas’s attack against Israel on Oct. 7. The head of the SDF, General Mazloum Abdi, told Reuters last week that the U.S. should send additional air defence systems

Ukraine hits Russia’s Volgograd oil refinery in latest drone attack- source

ReutersFebruary 3, 20240

By Tom Balmforth KYIV (Reuters) -Two Ukrainian attack drones struck the largest oil refinery in southern Russia on Saturday, a source in Kyiv told Reuters, detailing the latest in a series of long-range attacks on Russian oil facilities. Local authorities in Russia said earlier that a fire had been extinguished at the Volgograd refinery following a drone attack. Oil producer Lukoil, which owns the refinery, later said the plant was working as normal. The Kyiv source said the operation by the SBU security service struck the primary processing facility, without which the refinery could lose significant production capacity. Ukrainian officials

Exclusive-Trian’s big Disney bet drove fund’s 2023 underperformance – source

ReutersJanuary 23, 20240

By Svea Herbst-Bayliss (Reuters) – A $3 billion bet on Walt Disney by Nelson Peltz’s Trian Fund Management was largely responsible for the investment management firm’s underperformance last year relative to its activist hedge fund peers, according to financial details provided to Reuters by a Trian investor. The previously unreported details illustrate the high financial stakes for Trian as it seeks to shake up Disney’s board in this year’s highest-profile proxy contest. Trian’s fund returned 10% last year, according to the investor, half the 20% return on average that activist hedge funds scored based on data compiled by Hedge Fund

IMF expected to visit Gabon in late Jan, early Feb for Article IV – source

ReutersJanuary 22, 20240

LONDON (Reuters) – A team from the International Monetary Fund is expected to visit Gabon in late January or early February for Article IV discussions, a source told Reuters on Monday. The IMF had provided support to Gabon in July 2021 to help it weather the fallout from the COVID-19 pandemic, but the status of the programme has been unclear since a coup in August 2023 overturned the rule of President Ali Bongo. It will be the first Article IV visit since December 2019, according to the IMF’s website. Article IV discussions usually happen annually and are bilateral discussions where

Voice AI startup ElevenLabs gains unicorn status after latest fundraising -source

ReutersJanuary 22, 20240

By Krystal Hu (Reuters) – Artificial intelligence (AI) startup ElevenLabs has gained unicorn status after its latest round of fundraising, a person familiar with the matter said, as surging investor interest for generative AI technology sends startup valuations soaring. ElevenLabs on Monday said it raised $80 million in Series B funding from investors led by venture capitalist Andreessen Horowitz along with entrepreneurs Nat Friedman and Daniel Gross, with participation from Sequoia Capital among others. The two-year-old firm did not disclose a valuation but the person said the round valued it at $1.1 billion, making it a unicorn – or billion-dollar

Warren Buffett tells Citigroup CEO Fraser to keep going with overhaul -source

ReutersJanuary 19, 20240

By Isla Binnie and Lananh Nguyen NEW YORK (Reuters) – Over a recent lunch with Warren Buffett, Citigroup CEO Jane Fraser outlined her latest round of reorganization efforts to simplify the bank. He told her to keep going. Fraser recounted the meal with the billionaire investor on a conference call with managing directors on Thursday, according to a source who was on the call. The anecdote concluded Fraser’s address to Citigroup bosses. During the call, she indicated that more information about the next round of the reorganization would be shared as soon as next week, said the source, who declined

Spirit Airlines is looking at options to refinance its debt -source

ReutersJanuary 18, 20240

CHICAGO (Reuters) – Spirit Airlines is looking at options to refinance its debt and is not considering restructuring, a person familiar with the matter told Reuters. The company’s shares have been falling since Tuesday on investor concerns about its financial future after a U.S. judge blocked its $3.8 billion merger with JetBlue Airways. Ratings agency Fitch on Wednesday said Spirit’s credit profile was under pressure as it faced significant refinancing risk in the next year with its $1.1 billion loyalty program debt coming due in September 2025. (Reporting by Rajesh Kumar Singh; Editing by Chris Reese)

Ukraine says it hit targets in St Petersburg with domestic-made drone

ReutersJanuary 18, 20240

(Reuters) -Ukraine hit targets in Russia’s St Petersburg overnight using a domestic-produced drone that flew 1,250 km (775 miles), a Ukrainian government minister was quoted as saying by Interfax-Ukraine news agency on Thursday. A Ukrainian military source told Reuters earlier that an oil terminal in Russia’s second city, located some 850 km (530 miles) from the nearest section of the Ukrainian border, was targeted as part of a “new stage of work in this region”. “…Last night we hit the target, and this thing flew exactly 1,250 kilometres last night,” Oleksandr Kamyshin, the minister of strategic industries who oversees weapons

French police search finance ministry tax offices over Neymar transfer -source

ReutersJanuary 18, 20240

PARIS (Reuters) – French police have searched the Finance Ministry’s tax administration offices over allegations of favourable treatment granted to football club Paris-Saint-Germain over the transfer of Brazilian star Neymar, a source close to the investigation said. The source, who confirmed earlier reports of the raid by news outlet Mediapart, added that the raid was part of a bigger investigation. Mediapart had reported earlier that the suspected favourable tax treatment was given to the club as part of Neymar’s 2017 transfer from Barcelona to PSG. The Economics and Finance Ministry declined to comment. Paris-Saint-Germain did not immediately respond to a

Citi to cut 20 Asia Pacific equity research jobs – source

ReutersJanuary 18, 20240

HONG KONG (Reuters) – Citigroup’s is planning to lay off around 20 equity researchers in Asia Pacific as part of its global overhaul, a person with direct knowledge of the matter said. Two researchers in Hong Kong are going to be impacted with the rest of the headcount reduction likely to take place in Japan, Australia and Korea, the person said. The cuts are going to make a small dent in the Wall Street bank’s regional research workforce where it has several hundred employees based in multiple markets, according to the source. The U.S. bank declined to comment. Amid its

US congressional leaders agree on stopgap funding bill -source

ReutersJanuary 13, 20240

WASHINGTON (Reuters) -U.S. congressional leaders have agreed on a two-tranche stopgap spending bill to keep the federal government funded into March and avert a partial government shutdown starting late next week, a source familiar with the measure told Reuters on Saturday. Politico, CNN and Punchbowl first reported that congressional leaders had agreed on what is called a “continuing resolution” or “CR,” that would fund the government – extending two deadlines through March 1 and March 8. A spokesperson for the Senate’s Democratic majority leader, Chuck Schumer, said a text of the spending deal is expected to be posted online on

Boeing performs pressure tests but does not normally adjust Max 9 panels -source

ReutersJanuary 12, 20240

By Valerie Insinna and Tim Hepher (Reuters) – Boeing does not typically make adjustments to the type of panel involved in last week’s 737 MAX 9 blowout unless factory tests reveal a problem, a source familiar with Boeing’s industrial process said on Friday. Sources told Reuters last week Boeing supplier Spirit AeroSystems sends semi-completed fuselages from its factory to Boeing with the special panel, which replaces an optional emergency exit, fitted but not completed. Those sources said Boeing workers usually remove the panel, and use the gap to install pieces of cabin equipment, before replacing the panel and finishing the

Morgan Stanley promotes 155 employees to managing directors -source

ReutersJanuary 10, 20240

By Tatiana Bautzer and Nupur Anand NEW YORK (Reuters) -Morgan Stanley promoted 155 employees to become managing directors this year, fewer than its 2023 cohort of 184, said a person familiar with the situation who declined to be identified discussing personnel matters. Out of the total employees being promoted, 37% of them are women. Of the U.S.-based managing directors, 29% are ethnically diverse. The bank joins other Wall Street giants in elevating fewer bankers this year. Bank of America promoted 334 employees to become managing directors, 8% fewer than the previous year, while Goldman Sachs, which announces managing director promotions

AQR ends 2023 with double digit returns thanks to stocks, gas and iron ore – source

ReutersJanuary 4, 20240

By Nell Mackenzie LONDON (Reuters) -Billionaire investor Cliff Asness’s AQR Capital Management finished 2023 with double digit returns in several of its funds, buoyed by stock selection, bonds, European natural gas and iron ore, a source familiar with the matter said on Thursday. The $99 billion investment manager, known for its quantitative strategies, returned a net 18.5% for the year in its AQR Absolute Return strategy, its longest running multi-strategy, the source familiar with the firm’s performance said. This compared with an almost 44% net return in 2022, the source said. Stock selection and in particular, value investing helped explain

India likely to surpass FY24 target for state-run firms’ dividends by at least $1.4 billion – source

ReutersJanuary 4, 20240

NEW DELHI (Reuters) – The Indian government will likely exceed its fiscal year target for dividends from state-run companies by at least 120 billion rupees ($1.4 billion), partly offsetting an expected shortfall from share sales, a government source aware of the matter said on Thursday. The dividend receipts could range from 550 billion rupees to as much as 600 billion rupees, the source said, potentially topping not only the government’s target of 430 billion rupees for the April-March fiscal year but also the 595 billion rupees it collected in dividends last fiscal year. So far this fiscal, India has received

US believes Hamas used Al Shifa Hospital but evacuated before Israeli operation- source

ReutersJanuary 2, 20240

By Jonathan Landay and Kanishka Singh WASHINGTON (Reuters) – U.S. spy agencies assess that Islamist group Hamas and another Palestinian group fighting Israel used Gaza’s Al Shifa Hospital to command forces and hold some hostages but largely evacuated the complex days before Israeli troops entered it, a U.S. official said on Tuesday, citing declassified U.S. intelligence. The complex was used by both Hamas and Palestinian Islamic Jihad to command forces fighting against Israel, the U.S. official said, speaking on condition of anonymity. U.S. intelligence agencies have not disclosed the evidence on which they based their assessment. The official said the