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cbsnews.com | 35 min. ago NEW

Kushner pushes back on report involving phone, spies, transfer

#Azerbaijan #Bank #central bank #China #Dollar #Emirat #Fund #Gulf states #Israel #Russia #Saudi Arabia #Support #Trump #United Arab Emirates

Jared Kushner is pushing back on a report involving a hacked iPhone, international spies and billion-dollar transfers from foreign governments. An upcoming book by journalist Matthew Cole claims Kushner, who is President Trump's son-in-law, had access to more than $2 billion in "slush money funds" from Middle Eastern leaders in an attempt to influence U.S. foreign policy.

An excerpt of the book released Thursday details allegations encompassing Kushner's time as a senior White House adviser during the first Trump administration, which included a lead role in U.S. policy in the Middle East. Kushner had a major hand in negotiating key foreign policy deals that involved Israel, the Gulf states, China and Russia during that period.

Kushner and his legal team released fiery statements Thursday night categorically denying all accusations against him. Kushner said, "The allegations made by this author are completely insane and never happened." His attorney called them "false and defamatory" and said they intend to pursue legal action against those responsible, but did not specify whom.

The new book, "Princes and Thieves: Jared Kushner and Mohamed bin Zayed's Secret Plot to Remake the Middle East," alleges Kushner had access to billions of dollars in undisclosed foreign bank accounts intended to pay for "influence within the U.S. government." An excerpt from the book that was published in "Vanity Fair," but not independently verified by CBS News, says Dutch intelligence agents learned the Russians had hacked Kushner's iPhone in 2017 after flipping a Russian spy and subsequently gained access to Kushner's phone as well.

According to the report, "when Kushner used the phone, they could see his screen. Almost as soon as they got inside, the intelligence service began capturing every image of Kushner's screen as he used it." At the time, Kushner served as a senior White House adviser to President Trump, including on Middle Eastern diplomacy.

The report alleges Dutch spies witnessed him log into a United Arab Emirates account that had allegedly received hundreds of millions of dollars from a bank in Azerbaijan, and claims the leaders of Saudi Arabia and the UAE put at least $2 billion into multiple bank accounts linked to Kushner, including an account with Israel's Central Bank.

According to the book excerpt, the owners and managers of the accounts were often disguised as official government entities or charities, but the funds were actually intended for "off-the-books diplomatic objectives" such as striking a deal to end the Israeli-Palesteinian conflict. The report also claims Saudi Crown Prince Mohammed bin Salman put roughly $1 billion into at least one account for Kushner, citing a "person with knowledge of the money" saying "its allocation was for Kushner's personal benefit."

Kushner forcefully denied the accusations leveled in the "Vanity Fair" excerpt, writing in part, "The allegations made by this author are completely insane and never happened." "We denied every claim on the record, yet the author provided not a single shred of verifiable evidence to substantiate them," he said.

"No bank statements, wire transfer records, account numbers, transaction dates, or other verifiable details were provided to support these extraordinary accusations," he said. CBS News reached out to the White House, which referred us to a statement from Steven Cheung, who is assistant to the president and White House director of communications.

Cheung said the "bull**** Vanity Fair article comes from a book that is complete fiction, and was fabricated from the warped mind of failed spy thriller writer." "He presents no evidence or even a shred of documentation. Just mysterious words from unnamed sources," Cheung said on X. This article originally appeared on CBS News at https://www.cbsnews.com/news/jared-kushner-pushes-back-report-hacked-phone-spies-transfer/

uk.finance.yahoo.com | 2 hrs. 46 min. ago

Tanker carrying Russian diesel heads to U.S. for first time since 2022 under Trump deal

#Barrel #Brazil #Diesel #Embargo #energy #EU #Europe #Export #Fund #Import #Malta #market #oil #petroleum products #Russia #sanctions #SET #Shipping #Trump #Turkey #Ukraine #United States

Oct 23 (Reuters) - The first Russian diesel bound for the US following a surprise agreement reached between Moscow and US President Donald Trump is aboard a tanker heading for New York, ship-tracking data showed on ‌Friday. Trump announced the deal this month as part of his efforts to bring down soaring diesel prices ahead ‌of November 3 US mid-term elections.

Trump also waived parts of a new US sanctions law against Russia and threatened Europe with a US diesel export ​ban unless countries released more from their emergency reserves to help ease prices. The Malta-flagged medium-sized tanker Agioi Fanendes was loaded with 40,000 metric tons of ultra-low sulphur diesel in Russia's Baltic port of Primorsk on October 22, according to LSEG shipping data.

It is expected to arrive in the United States on November 7. The identity of the buyer and seller were not immediately known. The ‌cargo will be the first imported by ⁠the US since former President Joe Biden announced a ban on US imports of Russian oil and petroleum products in 2022. Trump announced on October 9 that Russia would immediately export 300,000 metric ⁠tons, or 2.25 million barrels, to the US and global markets, followed by 500,000 tons in November and 1 million tons "immediately thereafter".

A Kremlin spokesperson on Friday confirmed a first ship under the deal had departed, but did not specify whether it was bound for the ​US market ​or elsewhere. "As far as I'm aware, there have already been reports ​from the Ministry of Energy that the first ‌tanker has, in fact, set sail for its recipients, its buyers.

Further shipments will continue at a steady pace from here on," Kremlin spokesman Dmitry Peskov said on a daily conference call. The deal with the US involved Russia lifting a self-imposed ban on diesel exports. RUSSIA RESUMING GLOBAL EXPORTS Since the EU imposed a full embargo on imports of Russian oil products in February 2023 over the war in Ukraine, Russia has exported diesel mainly to Turkey and Brazil, as well as to African ‌countries.

It also supplies Central Asia by rail. Shipping data from LSEG and Kpler ​published this week showed Russian diesel cargoes resuming voyages to their traditional ​destinations after Moscow lifted its own ban, with at ​least two tankers signalling trips to Turkey and Brazil. It was unclear where other tankers were destined ‌for, with cargoes loaded in Primorsk signalling Gibraltar, the ​Atlantic Coast or Port-Said, LSEG ​data showed.

Russian Deputy Prime Minister Alexander Novak has said additional US shipments would follow as companies from the two countries work out the necessary contracts. Putin envoy Kirill Dmitriev, who also heads Russia's sovereign wealth fund, said last week ​that the US Treasury had asked the ‌fund to help sort out tricky payment issues relating to the agreement.

Novak has said that Russia would ​be able to increase its diesel exports to its usual levels of 3-3.5 million tons per month by ​year-end. (Reporting by Reuters; editing by Philippa Fletcher and Jason Neely) This article originally appeared on Reuters at https://uk.finance.yahoo.com/news/exclusive-tanker-carrying-40-000-062736177.html

nytimes.com | 7 hrs. 45 min. ago

A Simple Way to Benefit From Rising Rates: Buy Money Market Funds

#bond #Bonds #Fund #interest rate #Interest Rates #market #Money Market #stock #stocks

While higher interest rates are a complication for stocks and bonds, they are an unequivocal boon if you just want to park some cash and make a little money, our columnist says.

foxnews.com | 7 hrs. 45 min. ago

We represent Wyoming — California is waging war on our coal, we're going to keep mining

#Export #Fund #Min #mining #R #Trump

California Governor Gavin Newsom signed a bill to kill Oakland's coal export terminal after Trump backed the project with $75 million in funding.

koreatimes.co.kr | 13 hrs. 37 min. ago

SK hynix halts review of Solidigm's US stock market listing

#acquisition #artificial intelligence #Fund #IPO #market #Options #semiconductor #stock #Stock Market #stocks #United States #Value #Volatility

Solidigm, SK hynix’s NAND flash memory subsidiary, has decided to halt its review of potential pre-initial public offering (IPO) fundraising and IPO options, citing volatile capital markets and recent trends in semiconductor stock prices, the chip giant said Friday. The company was established in the United States following SK hynix’s $9 billion acquisition of Intel’s NAND flash memory business.

"While SK hynix and Solidigm continue to deliver solid business performance, financial market volatility has increased, contributing to a broader correction in semiconductor stocks," SK hynix said in a press statement. "After comprehensively assessing these business conditions, Solidigm has decided to discontinue its review of potential pre-IPO and IPO options."

Reports circulated that Solidigm was considering a U.S. IPO as early as next year that could value the company at up to $150 billion, with the listing seen as a way to secure funding for U.S. production facilities and technology development amid growing demand for enterprise solid-state drives for artificial intelligence data center

newsbeep.com | 18 hrs. 44 min. ago

Feds reveal breakdown of $750-million VC funding envelope, open Growth VCCI applications

#Canada #Fed #Fund #growth #Venture Capital

Two programs total $1.75-billion boost to Canadian venture capital ecosystem. 
 The Government of Canada has shared how…

ft.com | 21 hrs. 16 min. ago

US to fund speculative fusion venture backed by investors with ties to Trump

#Fund #Fusion #Trump

Commerce department to take $175mn equity stake in start-up that is financed by brother of the president’s son-in-law

newsbeep.com | 21 hrs. 32 min. ago

De Beers transfers $75 million to Botswana as diamond economy searches for life beyond mining

#Botswana #Diversification #economy #Export #Fund #Min #mining #Support


 The payment provides the initial capital for a fund designed to support economic diversification, industrial development, export…

livemint.com | 1 days ago

Sold a property at a loss? Can you offset it against gains from shares or mutual funds? What tax experts suggest to do

#Fund #income tax #loss #property #shares

Sold a property at a loss? Income tax rules allow you to offset certain property losses against capital gains from shares and mutual funds. Know the rules for short-term and long-term losses, the eight-year carry-forward limit and key tax conditions.

timesofisrael.com | 1 days ago

Energy Ministry says Israel must act now to ensure place in global nuclear fusion race

#energy #Fund #Fusion #Israel #media

Officials say country currently has a competitive advantage but urgently needs funds to stay relevant

ft.com | 1 days ago

Turkey cuts interest rates despite $18bn investment funds scandal

#Bank #Benchmark #central bank #Fund #Inflation #interest rate #Interest Rates #investment #Turkey

Central bank lowers benchmark rate to 36% as inflation eases

theguardian.com | 1 days ago

You be the chancellor: play our budget game to see if you can balance the books

#bond #budget #debt #Fund #market #strike #Taxes

See if you can do a better job than John Healey at creating a budget that keeps MPs and the bond markets onsideOn 28 October, John Healey will announce the autumn budget to parliament. As in all years, the chancellor has to strike a balance between the following:Raising the money needed to fund the services that voters demand.Keeping taxes at levels that are acceptable to voters.Persuading the government’s creditors in the bond markets that it will continue to be able to pay its debts.

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cnbc.com | 1 days ago

World's largest wealth fund posts $30 billion loss after bond market turbulence

#bond #Fund #loss #market
koreatimes.co.kr | 1 days ago

Lee says rebound in potential growth rates should lead to balanced growth

#artificial intelligence #competitiveness #economy #Fund #growth #IMF #Physical #recovery #Stress

President Lee Jae Myung said Thursday that the recent rebound in the country's potential growth rates signals a recovery in the national economy's fundamentals and that the trend should help promote balanced growth of both large and small firms. The president made the remarks at a meeting with his senior aides, citing a recent International Monetary Fund (IMF) report projecting the country's potential growth rate at 2.14 percent this year and 2.2 percent in 2027. The figures mark the first consecutive annual increases in about 40 years.

"The rebound in potential growth rates, which can be viewed as basic physical strength for an economy, is welcome news that indicates the foundation for the growth of our economy is getting stronger," Lee said. The president stressed that this trend should serve as a steppingstone to promote sustainable, balanced growth by further solidifying the competitiveness of artificial intelligence and other advanced industries while focusing financial and policy resources on sectors that are slower to recover.

"In order for the rare rebound in potential growth rat

koreatimes.co.kr | 1 days ago

Single-stock leveraged ETFs reignite turf war between financial regulators

#ETF #financial services #Fund #Inverse ETF #Leveraged ETF #loss #market #stock #Stock Market #union #Volatility

A long-running turf war between Korea’s top financial regulator and financial watchdog is flaring up again over responsibility for the introduction of single-stock leveraged exchange-traded funds (ETFs), amid steep retail investor losses and heightened market volatility, according to market watchers Thursday. The Financial Supervisory Service (FSS) labor union attributed the controversy to the agency’s lack of independence from the Financial Services Commission (FSC), bringing their recurring struggle over policymaking authority and supervisory autonomy back into focus.

Leveraged and inverse ETFs tied to Samsung Electronics and SK hynix began trading on the Korean stock market on May 27. The products have since come under fire over heavy investor losses and concerns about their impact on market volatility. Figures submitted by the FSS to the National Assembly showed that retail investors at 10 major domestic brokerages incurred combined losses of 6.31 trillion won ($4.8 billion) between the launch and Aug.

14. Of that amount, 2.32 trillion won represented realized losses, while the

koreatimes.co.kr | 1 days ago

Court rules against Lone Star in $125.9-mil. tax case

#Bank #Belgium #construction #Fund #investment #Private Equity #profit #Return #shares #Taxes

An appeals court on Thursday ruled against U.S. private equity firm Lone Star Funds in its suit against the Korean and Seoul city governments to return a combined 168.2 billion won ($125.9 million) in taxes. The Seoul High Court handed down the ruling against Lone Star after the Supreme Court returned the case to the appeals court for review in April last year.

The Texas-based firm had earlier filed the suit against the state and the municipality, seeking the return of withheld taxes in connection with profits from its investments in Korea. Lone Star and affiliate firms purchased large shares of Korea Exchange Bank, Kukdong Engineering Construction and Starlease between 2002 and 2005, and made huge profits by selling some of the shares in 2007. They paid smaller taxes than local companies would have, citing the tax treaty that Korea has with Belgium where the company that made the investment was based.

The National Tax Service (NTS) levied additional corporate taxes against Lone Star and its entities, offsetting them with withheld taxes. Lone Star then filed a suit seeking cancellation of

globalnews.ca | 1 days ago

$463M Port of Saint John project aims to boost New Brunswick exports

#AIMS #Diversification #Export #Fund #trade

The Saint John Trade Corridor is the first project to receive funding through the federal Trade Diversification Corridors Fund.

timesofisrael.com | 1 days ago

Central bank holds rates days before election, warns next government on fiscal choices

#Bank #central bank #debt #Forecast #Fund #growth #Hold #media #Reform

Governor Yaron urges next government to cut debt and pursue growth reforms to fund security needs; bank raises forecasts but warns overseas production distorts domestic picture

mirror.co.uk | 1 days ago

Chancellor warned rejecting wealth tax or capital gains hike at Budget 'big mistake'

#budget #Fund #Taxes #union

EXCLUSIVE: General Secretary of Britain's biggest union Unison, Andrea Egan, says polls show the public want a hike in taxes on wealthy to fund fractured public services

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