CNN
 — 

No matter who was to win Tuesday’s US Open quarterfinals match between Frances Tiafoe and Ben Shelton, history was going to be made: For the first time, two Black men faced off in the match.

Shelton came out on top in the milestone match, upsetting world No. 10 Tiafoe 6-2 3-6 7-6(7) 6-2 and booking a semifinal clash with 23-time grand slam winner Novak Djokovic.

It also was the first time since 2008 that two Black men played each other at Arthur Ashe Stadium. It’s been nearly two decades since an American male has won tennis’ US Open. And while much of the focus has been on whether 2023 will be the year that drought finally ends, tennis fans are taking a moment to savor this historic match up.

“This is something special, a cosmic event,” Art Carrington, a former professional tennis player who now coaches the sport, told CNN before the match.

Tiafoe and Shelton’s personalities, he said, “are going to enrich the game.”

The match between the two rising tennis stars has also renewed focus on Black men playing tennis. Tiafoe, 25, and Shelton, 20, faced each other at a stadium christened after the Black tennis legend who broke barriers in the game.

Arthur Ashe was the first African American man to be ranked No. 1 in tennis and the first to win numerous titles in the sport, including a singles title at the US Open, Australian Open and Wimbledon. He was also the first Black American to play on the United States Davis Cup team.

Carrington, who was once Ashe’s practice partner, told CNN it is important for younger generations to see Black men excelling at tennis.

“We got to have tennis where it’s visible, where people can see the (Black) people that are playing,” he said.

He also said while people know the story of Venus and Serena Williams’ path to tennis, “we just don’t hear enough family stories about African American men. This is a high point.”

Both Tiafoe and Shelton were surrounded by the sport at a young age.

A child of Sierra Leonean immigrants, Tiafoe and his family lived at a junior tennis champion center where his father worked in maintenance. A few years later, he enrolled in a tennis clinic at the center.

In 2022, he became the first Black American man to reach a US Open semifinal since Ashe in 1972.

Shelton is following in the footsteps of his father, Bryan, a tennis champion who won two professional titles and played on the Association of Tennis Professionals Tour.

Earlier this year, Shelton’s father resigned from coaching at the University of Florida to coach his son in professional tennis.

Carrington said for young Black Americans, getting exposure to tennis is essential for the sport. It’s up to the older generations, he said, to pass down their love for the game.

But ahead of Tuesday’s match, Carrington said if he were coaching Tiafoe and Shelton, he would tell them not to focus on the weight of this historic moment.

“Try to enjoy yourself,” he said. “Don’t play with stress. Let the stress go.”

CNN
 — 

When customers at Silicon Valley Bank rushed to withdraw billions of dollars last month, venture capitalist Arlan Hamilton stepped in to help some of the founders of color who panicked about losing access to payroll funds.

As a Black woman with nearly 10 years of business experience, Hamilton knew the options for those startup founders were limited.

SVB had a reputation for servicing people from underrepresented communities like hers. Its failure has reignited concerns from industry experts about lending discrimination in the banking industry and the resulting disparities in capital for people of color.

Hamilton, the 43-year-old founder and managing partner of Backstage Capital, said that when it comes to entrepreneurs of color, “we’re already in the smaller house. We already have the rickety door and the thinner walls. And so, when a tornado comes by, we’re going to get hit harder.”

Established in 1983, the midsize California tech lender was America’s 16th largest bank at the end of 2022 before it collapsed on March 10. SVB provided banking services to nearly half of all venture-backed technology and life-sciences companies in the United States.

Hamilton, industry experts and other investors told CNN the bank was committed to fostering a community of minority entrepreneurs and provided them with both social and financial capital.

SVB regularly sponsored conferences and networking events for minority entrepreneurs, said Hamilton, and it was well known for funding the annual State of Black Venture Report spearheaded by BLK VC, a nonprofit organization that connects and empowers Black investors.

“When other banks were saying no, SVB would say yes,” said Joynicole Martinez, a 25-year entrepreneur and chief advancement and innovation officer for Rising Tide Capital, a nonprofit organization founded in 2004 to connect entrepreneurs with investors and mentors.

Martinez is also an official member of the Forbes Coaches Council, an invitation-only organization for business and career coaches. She said SVB was an invaluable resource for entrepreneurs of color and offered their clients discounted tech tools and research funding.

Many women and people of color say they are turned away

Minority business owners have long faced challenges accessing capital due to discriminatory lending practices, experts say. Data from the Small Business Credit Survey, a collaboration of all 12 Federal Reserve banks, shows disparities on denial rates for bank and nonbank loans.

In 2021, about 16% of Black-led companies acquired the total amount of business financing they sought from banks, compared to 35% of White-owned companies, the survey shows.

“We know there’s historic, systemic, and just blatant racism that’s inherent in lending and banking. We have to start there and not tip-toe around it,” Martinez told CNN.

Asya Bradley is an immigrant founder of multiple tech companies like Kinley, a financial services business aiming to help Black Americans build generational wealth. Following SVB’s collapse, Bradley said she joined a WhatsApp group of more than 1,000 immigrant business founders. Members of the group quickly mobilized to support one another, she said.

Immigrant founders often don’t have Social Security numbers nor permanent addresses in the United States, Bradley said, and it was crucial to brainstorm different ways to find funding in a system that doesn’t recognize them.

“The community was really special because a lot of these folks then were sharing different things that they had done to achieve success in terms of getting accounts in different places. They also were able to share different regional banks that have stood up and been like, ‘Hey, if you have accounts at SVB, we can help you guys,’” Bradley said.

Many women, people of color and immigrants opt for community or regional banks like SVB, Bradley says, because they are often rejected from the “top four banks” — JPMorgan Chase, Bank of America, Wells Fargo and Citibank.

In her case, Bradley said her gender might have been an issue when she could only open a business account at one of the “top four banks” when her brother co-signed for her.

“The top four don’t want our business. The top four are rejecting us consistently. The top four do not give us the service that we deserve. And that’s why we’ve gone to community banks and regional banks such as SVB,” Bradley said.

None of the top four banks provided a comment to CNN. The Financial Services Forum, an organization representing the eight largest financial institutions in the United States has said the banks have committed millions of dollars since 2020 to address economic and racial inequality.

Last week, JPMorgan Chase CEO Jamie Dimon told CNN’s Poppy Harlow that his bank has 30% of its branches in lower-income neighborhoods as part of a $30 billion commitment to Black and Brown communities across the country.

Wells Fargo specifically pointed to its 2022 Diversity, Equity, and Inclusion report, which discusses the bank’s recent initiatives to reach underserved communities.

The bank partnered last year with the Black Economic Alliance to initiate the Black Entrepreneur Fund — a $50 million seed, startup, and early-stage capital fund for businesses founded or led by Black and African American entrepreneurs. And since May 2021, Wells Fargo has invested in 13 Minority Depository Institutions, fulfilling its $50 million pledge to support Black-owned banks.

Black-owned banks work to close the lending gap and foster economic empowerment in these traditionally excluded communities, but their numbers have been dwindling over the years, and they have far fewer assets at their disposal than the top banks.

OneUnited Bank, the largest Black-owned bank in the United States, manages a little over $650 million in assets. By comparison, JPMorgan Chase manages $3.7 trillion in assets.

Because of these disparities, entrepreneurs also seek funding from venture capitalists. In the early 2010s, Hamilton intended to start her own tech company — but as she searched for investors, she saw that White men control nearly all venture capital dollars. That experience led her to establish Backstage Capital, a venture capital fund that invests in new companies led by underrepresented founders.

“I said, ‘Well, instead of trying to raise money for one company, let me try to raise for a venture fund that will invest in underrepresented — and now we call them underestimated — founders who are women, people of color, and LGBTQ specifically,’ because I am all three,” Hamilton told CNN.

Since then, Backstage Capital has amassed a portfolio of nearly 150 different companies and has made over 120 diversity investments, according to data from Crunchbase.

But Bradley, who is also an ‘angel investor’ of minority-owned businesses, said she remains “really hopeful” that community banks, regional banks and fintechs “will all stand up and say, ‘Hey, we are not going to let the good work of SVB go to waste.’”

Editor’s Note: A version of this story first appeared in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories. Sign up here.

Abu Dhabi, UAE
CNN
 — 

Turkey’s persecuted pro-Kurdish party has emerged as a kingmaker in the country’s upcoming election, playing a decisive role that may just tip the balance enough to unseat two-decade ruler Recep Tayyip Erdogan.

In a key setback to the Turkish president and leader of the Justice and Development Party (AK Party), the pro-Kurdish Peoples’ Democratic Party (HDP) last month announced that it would not put forward its own presidential candidate, a move analysts say allows its supporters to vote for Erdogan’s main rival.

“We are facing a turning point that will shape the future of Turkey and (its) society,” said the HDP in a statement on March 23. “To fulfill our historical responsibility against the one-man rule, we will not field a presidential candidate in (the) May 14 elections.”

It is a twist of irony for the Turkish strongman, who spent the better half of the past decade cracking down on the party after it began chipping away at his voter base. Its former leader Selahattin Demirtas has been in prison for nearly seven years and the party faces possible closure by a court for suspected collusion with the militant Kurdistan Workers’ Party (PKK) and affiliated groups. But its influence may nonetheless determine the course of Turkey’s politics.

The HDP’s decision not to field a candidate came just three days after head of the Republican People’s Party (CHP) Kemal Kilicdaroglu, Erdogan’s main rival, visited the party’s co-chairs. He told reporters that the solution to Turkey’s problems, “including the Kurdish problem” lies in parliament,” according to Turkish media.

Kilicdaroglu, who represents the six-party Nation Alliance opposition bloc, is the strongest contender to run against Erdogan in years. And while the HDP hasn’t yet announced whether it will put its weight behind him, analysts say it is the kingmaker in the elections.

“It was a carefully crafted political discourse,” Hisyar Ozsoy, deputy co-chair of the HDP and a member of parliament from the predominantly Kurdish province of Diyarbakir, told CNN. “We are not going to have our own candidate, and we will leave it to the international community to interpret it the way they wish.”

Experts say the crackdown on the HDP is rooted in the threat it poses to Erdogan politically, as well as its position as one of the main parties representing Turkey’s Kurds, an ethnic minority from which a separatist militant movement has emerged.

The party and the Kurdish people have had a complicated relationship with Erdogan. The leader courted the Kurds in earlier years by granting them more rights and reversing restrictions on the use of their language. Relations with the HDP were also cordial once, as Erdogan worked with the party on a brief peace process with the PKK.

But ties between Erdogan and the HDP later turned sour, and the HDP fell under a sweeping crackdown aimed at the PKK and their affiliates.

Kurds are the biggest minority in Turkey, making up between 15% and 20% of the population, according to Minority Rights Group International.

It is unclear if the HDP will endorse Kilicdaroglu, but analysts say that the deliberate distance may be beneficial for the opposition candidate.

The accusations against the HDP place it in a precarious position during the elections. It currently faces a case in Turkey’s Constitutional Court over suspected ties to the PKK, which is designated as a terrorist group by Turkey, the United States and the European Union. Knowing it may be banned at any moment, its candidates are running under the Green Left Party in parliament.

If the opposition is seen as allying with the HDP, Erdogan’s AK Party may use its influence in the media to discredit it as being pro-PKK, said Murat Somer, a political science professor at Koc University in Istanbul and author of Return to Point Zero, a book on the Turkish-Kurdish question in Turkey.

The HDP’s threat to Erdogan’s hold on power became apparent after the June 2015 election, the first general election it participated in. It won 13% of the seats, denying the ruling AK Party its majority for the first time since 2002. Erdogan, however, called a snap election five months later, which led to a drop in the HDP’s support to 10.7%, as well as the restoration of the AK Party’s overall majority.

“They are a kingmaker in these elections because the HDP gets about half of the votes of the Kurdish population in Turkey,” said Somer, adding that the other, more conservative Kurdish voters have traditionally voted for Erdogan’s AK Party. And last month, the Free Cause Party (HUDA-PAR), a tiny Kurdish-Islamist party announced support for Erdogan in the elections. The party has never won seats in parliament.

The HDP knows that its position is key to the outcome of next month’s vote, but that it’s also in a delicate situation.

“We want to play the game wisely, and we need to be very careful,” said Ozsoy, adding that the party wants to avoid a “contaminated political climate” where the elections are polarized “between a very ugly ultra-nationalist discourse against Kilicdaroglu and others.”

The party was founded in 2012 with a number of aims, said Ozsoy, one of which was “peaceful and democratic resolution of the Kurdish conflict.”

Somer said that the party was seen to be “an initiative” of the PKK, which later led to a heavy government crackdown on it in the name of counterterrorism.

Its former leader Demirtas remains an influential figure.

The Turkish government has been trying to link the HDP to the PKK but has so far failed to prove “a real connection,” said Asli Aydintasbas, a visiting fellow at the Brookings Institution in Washington, DC.

A post-Erdogan Turkey may give some breathing space to the Kurds and Kurdish-dominated parties in Turkey, Aydintasbas told CNN, noting that many Kurdish voters have recently left Erdogan’s camp. “For HDP, this is more than just an ideological choice,” she said. “It’s a matter of survival.”

Ozsoy says his party understands what’s at stake, not only for Turkey’s Kurds but for all its minorities.

“We are aware of our responsibility here. We are aware of our role. We know we are in a kingmaker position,” the HDP lawmaker said.

Two women arrested for not wearing hijab following ‘yogurt attack’

Two women were arrested in Iran for failing to wear the hijab in public, after a man threw a tub of yogurt at them at a store in the city of Shandiz on Thursday, according to Mizan News Agency, the state-run outlet for Iran’s judiciary.

Oil prices surge after OPEC+ producers announce surprise cuts

Oil prices spiked Monday after OPEC+ producers unexpectedly announced that they would cut output. Brent crude, the global benchmark, jumped 5.31% to $84.13 a barrel, while WTI, the US benchmark, rose 5.48% to $79.83. Both were the sharpest price rises in almost a year. The collective output cut by the nine members of OPEC+ totals 1.66 million barrels per day.

Iran blames Israel for the killing of second IRGC officer, vows to respond

A second Iranian Islamic Revolutionary Guard Corps (IRGC) officer died following an attack in Syria on Friday, according to Iranian state media on Sunday. Iranian state media said the Iranian military adviser died after an Israeli attack near the Syrian capital Damascus left him wounded. The attack also killed another IRGC officer. In a tweet on Sunday, Iranian government spokesman Ali Bahadori Jahromi said the alleged Israeli attack wouldn’t go unanswered. Iranian Foreign Ministry spokesman Nasser Kanaani said on Sunday that Iran has the right to respond to “state terrorism.”

Iranian-American comedian Maz Jobrani, who has been touring the Middle East, spoke to CNN’s Becky Anderson about his support for the protests in his homeland, saying that he used his standup comedy platform to highlight the “brutality against the Iranian people.”

“It was an opportunity for me to say, ‘let’s keep fighting,’” he said.

Watch the interview here.

An Iranian state news outlet is gloating at what it sees as the demise of the US dollar.

IRNA recreated a popular meme to mark China and Brazil’s decision to reportedly ditch the US dollar as an intermediary in trade, citing the Chinese state news outlet, China Daily. It shows two men representing China and Brazil posing in front of a grave labelled “USD.”

The meme was pinned to the top of IRNA’s Twitter page, and was met with laughter and ridicule. “Dream on,” said another user, pointing to the dollar’s use as the main reserve currency around the world.

China Daily said that the agreement was part of “the rising global use of the Chinese renminbi.” It would reportedly enable China and Brazil to conduct trade and financial transactions using local currencies instead of the dollar.

CNN
 — 

When Lovie Smith was hired by the Houston Texans in February 2022 as the team’s new head coach, he said the NFL had “a problem” with hiring Black coaches and diversity.

“I realize the amount of Black head coaches there are in the National Football League,” Smith told reporters just under a year ago.

“There’s Mike Tomlin and I think there’s me, I don’t know of many more. So there’s a problem, and it’s obvious for us. And after there’s a problem, what are you going to do about it?”

Smith was fired Monday at the end of his one and only season at the helm of the Texans, finishing with a record of 3-13-1.

Smith is the second Black coach in two years to be relieved of his duties by the Texans, which fired David Culley at the end of the 2021 season.

Smith’s time in charge wasn’t full of wins and high points – though his parting gift to the organization was a last-minute Hail Mary victory over the Indianapolis Colts, which saw them relinquish the No. 1 pick in the 2023 NFL draft to the Chicago Bears. But his Texans team showed togetherness and competence, traits often desired by outfits undergoing a rebuild.

Houston general manager Nick Caserio said Smith’s firing was the best decision for the team right now.

“On behalf of the entire organization, I would like to thank Lovie Smith for everything he has contributed to our team over the last two seasons as a coach and a leader,” Caserio said in a statement.

“I’m constantly evaluating our football operation and believe this is the best decision for us at this time. It is my responsibility to build a comprehensive and competitive program that can sustain success over a long period of time. We aren’t there right now, however, with the support of the McNair family and the resources available to us, I’m confident in the direction of our football program moving forward.”

But the firing of the 64-year-old coach, the Texans organization as a whole, and the measures implemented by the league to promote diversity have been heavily criticized by former players and TV pundits.

“The Houston Texans have fired Lovie Smith after 1 year. Using 2 Black Head Coaches to tank and then firing them after 1 year shouldn’t sit right with anyone,” former NFL quarterback Robert Griffin III tweeted Sunday, when news of Smith’s firing broke.

On ESPN, Stephen A. Smith and NFL Hall of Famer Michael Irvin also condemned the decision. Smith called the Texans organization an “atrocity.”

“They are an embarrassment. And as far as I’m concerned, if you’re an African American, and you aspire to be a head coach in the National Football League, there are 31 teams you should hope for. You should hope beyond God that the Houston Texans never call you,” Smith said.

Irvin said Black coaches are being used as “scapegoats” by the Texans.

“It’s a mess in Houston and they bring these guys in and they use them as scapegoats. And this is what African American coaches have been yelling about for a while and it’s blatant, right in our face,” he said.

When CNN contacted the Texans for comment, the team highlighted the moment at Monday’s news conference when Caserio was asked why any Black coach would consider working for the team, and his response was that individual candidates would have to make their own choices.

“In the end it’s not about race. It’s about finding quality coaches,” the general manager said. “There’s a lot of quality coaches. David (Culley) is a quality coach. Lovie (Smith) is a quality coach.

“In the end, each coach has their own beliefs. Each coach has their own philosophy. Each coach has their comfort level about what we’re doing. That’s all I can do is just be honest and forthright, which I’ve done from the day that I took this job, and I’m going to continue to do that and try to find a coach that we feel makes the most sense for this organization. That’s the simplest way I can answer it, and that’s my commitment.

“That’s what I’m hired to do, and that’s what I’m in the position to do. At some point, if somebody feels that that’s not the right decision for this organization, then I have to respect that, and I have to accept it.”

CNN has reached out to Lovie Smith for comment.

At the beginning of the 2022 season, NFL.com reported Smith was one one of just six minority head coaches in the NFL, a low number in a league where nearly 70% of the players are Black.

Since Art Shell was hired by the Los Angeles Raiders in 1989 as the first Black head coach in modern history, there have been 191 people hired as head coaches, but just 24 have been Black.

However, the NFL has taken steps to increase diversity in the coaching ranks.

Notably, in 2003, the NFL introduced the Rooney Rule to improve hiring practices in a bid to “increase the number of minorities hired in head coach, general manager, and executive positions.”

But the Rooney Rule hasn’t been an unqualified success.

In 2003, the Detroit Lions were fined $200,000 for not interviewing any minority coaches before hiring Steve Mariucci as their new head coach.

In response to criticism, the NFL announced it was setting up a diversity advisory committee of outside experts to review its hiring practices last March. Teams would also be required to hire minority coaches as offensive assistants.

Despite changes to the rule being implemented in recent years to strengthen it, a 2022 lawsuit alleges that some teams have implemented “sham” interviews to fulfill the league’s diversity requirements.

Last February, former Miami Dolphins head coach Brian Flores filed a federal civil lawsuit against the NFL, the New York Giants, the Denver Broncos and the Miami Dolphins organizations alleging racial discrimination.

Flores, who is Black, said in his lawsuit that the Giants interviewed him for their vacant head coaching job under disingenuous circumstances.

Two months after submitting the initial lawsuit, Flores added the Texans to it, alleging the organization declined to hire him this offseason as head coach “due to his decision to file this action and speak publicly about systemic discrimination in the NFL.”

In response to the lawsuit, the Texans said their “search for our head coach was very thorough and inclusive.”

The NFL called Flores’ allegations meritless.

“The NFL and our clubs are deeply committed to ensuring equitable employment practices and continue to make progress in providing equitable opportunities throughout our organizations,” the league said in response to the lawsuit.

“Diversity is core to everything we do, and there are few issues on which our clubs and our internal leadership team spend more time. We will defend against these claims, which are without merit.”

But 12 months after firing their last Black head coach, the Texans have fired another one.

“How do you hire two African Americans, leave them one year and then get rid them?” questioned NFL Hall of Famer Irvin.

“You know the mess that Houston is,” Irvin added. “We get the worst jobs and we don’t get the opportunity to fix the worst jobs, just like this.

“I don’t know any great White coach that would take the (Texans) job unless you give them some guarantees. ‘You’re going to have to guarantee me four years to turn this place around.’ But the African American coaches can’t come in with that power because Lovie wouldn’t have got another job.

“This was his last chance to get back into the NFL and you have to take what’s on the table to try to change that.”

The Texans are now searching for a new head coach under general manager Caserio. The new appointment will be Caserio’s third coach in the role: It is almost unprecedented for a general manager to get the opportunity to hire a third head coach with the same team.

Texans chairman and CEO Cal McNair said he would take on a more active role in the hiring process. The next head coach will be the organization’s fourth in three years.

According to the NFL, the Texans have requested to speak to five candidates already about filling Smith’s position, a list that includes two Black coaches.

After Smith was hired in March 2021, McNair said: “I’ve never seen a more thorough, inclusive, and in-depth process than what Nick (Caserio) just went through with our coaching search.”

At that introductory news conference, Smith spoke candidly about how to bring greater diversity to the NFL coaching ranks.

“People in positions of authority throughout – head coaches, general managers – you’ve got to be deliberate about trying to get more Black athletes in some of the quality control positions just throughout your program. If you get that, they can move up, that’s one way to get more.”

Smith continued: “It’s not just an interview, if you’re interviewing a Black guy. It’s about having a whole lot of guys to choose from that look like me. And it’s just not about talk. You look at my staff, that’s what I believe in. And letting those guys show you who they are. That’s how we can increase it, then it’s left up to people to choose. We all have an opportunity to choose, and that’s how I think we’ll get it done.”