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☆ Russia is finally getting serious about its war, and it spells trouble for Ukraine
▼ + stars: | 2024-05-18 | by ( Jake Epstein | ) www.businessinsider.com time to read: +12 min

Much of the war in Ukraine has gone poorly for Russia. But Russian President Vladimir Putin's war machine looks very different today than it did at the start of the conflict. The Russian military continued to suffer from other problems in the first year of fighting, racking up troop and equipment losses while failing to capture significant amounts of Ukrainian territory. AdvertisementThe following month, a top US official and general said, respectively, that the Russian military was "almost completely reconstituted" and had "grown back" to its pre-war strength. The employment of glide bombs to support ground maneuver is the primary example of how Russia's military is successfully learning from its past shortcomings, Barros said.

Persons: —, Vladimir Putin's, Putin, Vladimir Putin, Miguel Diaz, Canel, Maxim Shemetov, George Barros, Russia's, Stringer, They've, Chris Cavoli, Andrei Belousov —, Sergei Shoigu, Barros, It's, Andrei Belousov, VYACHESLAV PROKOFYEV, Oleksandra Novosel, Biden, Sergey Pivovarov, Mick Ryan, Jack Watling Organizations: Service, Business, Cuban, Institute for, Ukraine, REUTERS, Allied, US European Command, Sputnik, Security, Defense, Getty, JSC, UA, PBC, 42nd Separate Mechanized Brigade, Russian, Kharkiv, Royal United Services Institute Locations: Russia, Moscow, Ukraine, Ukraine —, —, Russian, Kharkiv, Kherson, Robotyne, Ukraine's Zaporizhzhia, Soviet, Shevchenkivskyi, Avdiivka, Washington, Russia's Rostov, Australian, Kyiv

☆ Ukraine can still beat Russia. It just comes down to enough Western aid.
▼ + stars: | 2024-05-18 | by ( Michael Peck | ) www.businessinsider.com time to read: +9 min

With 14 to 21 well-equipped brigades, Ukraine could eject Russian forces from all Ukrainian territory, according to an American expert. One is Ukraine amassing a sufficiently powerful ground combat force that can defeat the estimated 500,000 Russian troops in Ukraine. With Russian forces solidly dug in behind minefields and fortifications across eastern and southern Ukraine, that Baltic scenario bears similarities to the situation that Ukraine faces today. Given sufficient quantities of munitions, Ukraine could inflict enough losses to decisively attrit Russian forces that have already sustained an estimated 500,000 casualties. He started with a 2023 Estonian Ministry of Defense plan that laid out a roadmap for Ukraine to defeat Russia.

Persons: one's, Michael Bohnert, Bohnert, isn't, Chasiv, — Bohnert, they've, Andrei Belousov, Putin, Michael Peck Organizations: Service, Business, RAND Corp, RAND, US Army, NATO, Russian, Anadolu, Getty, Estonian Ministry of Defense, Atlantic, Storm, Bohnert, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Ukraine, American, Russia, Russian, Baltic States, United States, U.S, Chasiv Yar, Estonian, Iraq, Afghanistan, Europe, America, China, Israel, Forbes

☆ Low-income Americans wait years to get housing vouchers that are often impossible to use. Fixing the system could mean more funding and less red tape.
▼ + stars: | 2024-05-18 | by ( Eliza Relman | ) www.businessinsider.com time to read: +9 min

The federal Housing Choice Voucher Program, also known as Section 8, is also the biggest, aiding about 5 million people in 2.3 million households. While it's illegal in some places to discriminate against voucher holders, the practice isn't outlawed everywhere. Fully funding housing vouchers would mean many more housing-insecure and unhoused people would get help. Related storiesIn its budget for fiscal year 2025, the Biden administration requested a $2.5 billion increase for voucher funding over 2023 levels. Researchers at the Department of Housing and Urban Development have proposed piloting a direct cash transfer program for rent as an alternative to housing vouchers.

Persons: Will Fischer, Biden, Jenny Schuetz, isn't, Lindsey Nicholson, Michael Stegman, Stegman, Tara Radosevich, Fischer, Schuetz Organizations: Service, Business, of Housing, Urban Development, Budget, Harvard, The New York Times, Republicans, Brookings Institute, Getty, Urban Institute, HUD, Washington State, Department of Housing Locations: —, Los Angeles, Fort Worth, Philadelphia, Iowa, Long Island City, Queens, Oregon

☆ Poland to spend around $2.5 billion on securing eastern border
▼ + stars: | 2024-05-18 | by ( ) www.cnbc.com time to read: +2 min

Donald Tusk, Prime Minister of Poland, speaks during a press conference where Polish PM announces resignation of four ministers and nominees for the future positions in Chancellery of Polish Prime Minister in Warsaw, Poland on MAy 10, 2024. Poland will invest 10 billion zlotys ($2.55 billion) in a program to secure its eastern border, the prime minister said on Saturday, in a bid to bolster its defenses against what it says is a rising threat from Russia and Belarus. "We have decided to invest 10 billion zlotys in our security, and above all in a secure eastern border," Prime Minister Donald Tusk told a news conference. "We are starting a major project to build a secure border, including a system of fortifications as well as landscaping and environmental decisions that will make this border impossible to pass for a potential enemy." Tusk had announced plans to strengthen the eastern border earlier in May, but without giving details.

Persons: Donald Tusk, Tusk Organizations: Polish, European Union, Minsk, European Investment Bank, Sky Locations: Poland, Warsaw, Russia, Belarus, Poland's, Minsk, Russian, Europe, Ukraine, Moscow, Belarusian, Germany

☆ From Taylor Swift tickets to gasoline — these days everyone feels like they’re being price-gouged. Are they?
▼ + stars: | 2024-05-18 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +8 min

Taylor Swift performs onstage during "Taylor Swift | The Eras Tour" at SoFi Stadium on August 09, 2023 in Inglewood, California. At the core of the increasingly common accusation of price gouging is the sense that the consumer is being exploited. Price gouging is in the eye of the bidderGavin Roberts, chair of Weber State University’s economics department and who studies the effect of anti-price gouging laws, said the laws themselves often don’t define what price gouging is. Corporations charging as much as they can, as painful as it may be for consumers, doesn’t mean they’re necessarily price gouging, said Roberts. Steven Suranovic, an economics professor at George Washington University who has also published research on price gouging, sees it differently.

Persons: Emily Miller lucked, Taylor, Miller, Swift, ” Miller, Taylor Swift, Kevin Winter, it’s, —, Joe Biden — can’t, we’re, Gavin Roberts, Biden, ”, Biden hasn’t, ” Biden, Roberts, Steven Suranovic, Martin Shkreli, Shkreli, Price, Trent Sprague, Lyft, Uber, Travis Kalanick, It’s, ” Suranovic, Rafi Mohammed, Stefani Reynolds, Teresa Murray Organizations: New, New York CNN, CNN, Rights, Weber State, Corporations, George Washington University, Turing Pharmaceuticals, LinkedIn, O'Hare International, Chicago Tribune, Tribune, Service, Consumer, Culture, Profit, Getty Locations: New York, Pittsburgh, Cleveland, Inglewood , California, Chicago, New York City, Washington ,, AFP, US

☆ A Would-be Assassin Stirs Europe’s Violent Ghosts
▼ + stars: | 2024-05-18 | by ( Roger Cohen | ) www.nytimes.com time to read: +1 min

Dmitri A. Medvedev, the former Russian president and regular forecaster of a third World War, had no hesitation in comparing the would-be assassin of Prime Minister Robert Fico of Slovakia to the young man who ignited World War I. Europe, he suggested, was once more on the brink. It was on many levels a wild association to make. The Europe of empires that unraveled between 1914 and 1918 is long gone, as is the Europe that replaced it and produced Auschwitz. In their place the painstakingly constructed European Union of 27 members, including Slovakia, has been put in place with the overriding goal of making war impossible on a long-ravaged continent. Yet, with elections to the European Parliament just three weeks way, ominous indications of brewing violence go well beyond the shooting of Mr. Fico, whose condition remains serious.

Persons: Dmitri A, Medvedev, Robert Fico, Fico, Mr, Princip, Archduke Franz Ferdinand, Churchill Organizations: Bosnian Serb, of Locations: Russian, Slovakia, Europe, Russia, Bosnian, Sarajevo

☆ China retail sales, investment data miss expectations in April
▼ + stars: | 2024-05-17 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

BEIJING — China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust. Retail sales rose by 2.3% in April from a year ago, the National Bureau of Statistics said. That was less than the 3.8% increase forecast by a Reuters poll, and slower than the 3.1% pace reported in March. But fixed asset investment rose by 4.2% for the first four months of the year, lower than the 4.6% expected increase. Statistics bureau spokeswoman Liu Aihua pointed out that last year, the multi-day May 1 Labor Day holiday had included two days in April.

Persons: Liu Aihua, Liu Organizations: National Bureau of Statistics, China's Ministry of Commerce, Labor, Statistics, Oxford Locations: Huai'an, China, BEIJING — China

☆ Some A.I. Companies Face a New Accusation: ‘Open Washing’
▼ + stars: | 2024-05-17 | by ( Sarah Kessler | ) www.nytimes.com time to read: +1 min

The Biden administration is investigating the risks and benefits of open source models. Proponents of open source A.I. models say they’re more equitable and safer for society, while detractors say they are more likely to be abused for malicious intent. There’s no agreed-upon definition of what open source A.I. companies of “openwashing” — using the “open source” term disingenuously to make themselves look good.

Persons: Elon Musk, Sam Altman, Biden, There’s, A.I, Alek Tarkowski, ’, ” Organizations: Linux Foundation Locations: European

☆ Dover Castle: Soldier graffiti found on tower door in ‘astonishing discovery’
▼ + stars: | 2024-05-17 | by ( Catherine Nicholls | ) edition.cnn.com time to read: +3 min

CNN —More than 50 etchings from soldiers have been discovered on an English castle door in an “astonishing discovery,” including graffiti of what could depict the French emperor Napoleon Bonaparte being hanged. The door was only recently discovered in Dover Castle, in southeast England, charity English Heritage said in a press statement Wednesday. The graffiti on the door is thought to have been created by soldiers living inside the castle between 1789 and 1855. English Heritage suggests that, with hours to kill and “questionable artistic talents,” the soldiers may have whittled into the door to simultaneously whittle away the time. Three significant dates are also inscribed onto the door, English Heritage said: 1789, the year of the French Revolution; 1798, a period of rebuilding in Dover Castle; and 1855, when changes were planned to St. John’s Tower.

Persons: Napoleon Bonaparte, St, whittle, Jim Holden, Napoleon, Helena, Hopper, Hooper, ’ Paul Pattison, ” Pattison, ” Organizations: CNN, Heritage, Dover Castle Locations: Dover Castle, England, Napoleon, France, John’s, British, Waterloo, St, Dover

☆ China's April retail sales data 'a little bit of a blip,' economist says
▼ + stars: | 2024-05-17 | 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 April retail sales data 'a little bit of a blip,' economist saysLouise Loo of Oxford Economics says, however, that a "mild improvement" in consumer confidence can be expected.

Persons: Louise Loo Organizations: Oxford Economics

☆ I spent 2 nights at a 2-story, 100-square-foot tiny home in Germany that was smaller than any I've seen in the US. Take a look inside.
▼ + stars: | 2024-05-17 | by ( Joey Hadden | ) www.businessinsider.com time to read: +1 min

The 106-square-foot home made smarter use of space than any tiny home I've seen in the US. It had a unique cylindrical shape and was less than half the size of the US tiny homes I've booked. So, I'm intrigued by tiny homes because they tend to make good use of a small space. I've stayed in several tiny Airbnbs around the world, from Florida and Maryland to Canada and Switzerland. This story is available exclusively to Business Insider subscribers.

Persons: —, I've, I'm Organizations: Service, Business Locations: Germany, Florida, Maryland, Canada, Switzerland

☆ Dollar set for weekly drop on U.S. slowdown signs
▼ + stars: | 2024-05-17 | by ( ) www.cnbc.com time to read: +2 min

The dollar headed for its largest weekly fall versus the euro in two-and-a-half months on Friday as signs of cooling inflation and a softening U.S. economy raised the prospect of rate cuts. The dollar headed for its largest weekly fall versus the euro in two-and-a-half months on Friday as signs of cooling inflation and a softening U.S. economy raised the prospect of rate cuts. The euro is up 0.9% on the dollar this week, has broken above resistance around $1.0855 and traded as high as $1.0895 in the wake of U.S. inflation posting a slowdown. "(Besides inflation) a lot of activity data has been cooling off," said Westpac strategist Imre Speizer, contributing to selling of the dollar. The New Zealand dollar was last steady at $0.6120 with traders looking ahead to next week's central bank meeting, where the official cash rate is expected to stay at 5.5%.

Persons: Imre Speizer, Sterling Organizations: Federal, Westpac, New, U.S, Aussie, New Zealand Locations: New Zealand

☆ A major new aviation bill seeks to end passengers being made to pay to sit with their kids, and to improve safety on planes after the Alaska blowout
▼ + stars: | 2024-05-17 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

The bill says the FAA Administrator will decide within 60 days whether to mandate minimum seat dimensions on planes for safety reasons. Senate Commerce Committee Chair Maria Cantwell said: "Plane manufacturers will see more safety inspectors on factory floors and tougher safety standards from the FAA." "The bipartisan Federal Aviation Administration reauthorization is a big win for travelers, the aviation workforce, and our economy. It will expand critical protections for air travelers, strengthen safety standards, and support pilots, flight attendants, and air traffic controllers," Biden said in a statement. AdvertisementHe added: "Passengers shouldn't have to jump through endless hoops just to get the refunds that they are owed, and corporations shouldn't rip off hardworking Americans through hidden junk fees."

Persons: —, Joe Biden, Maria Cantwell, Biden Organizations: Service, Federal Aviation Administration, National Transportation Safety Board, Business, FAA, Alaska Airlines

☆ China is a 'critical' global supplier, full decoupling may be impossible, survey shows
▼ + stars: | 2024-05-17 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +1 min

China remains a "critical supplier" to the world and efforts for a full decoupling remain "difficult, if not impossible," a trade report by Allianz Trade said. That's according to the report which showed that only 27% of companies surveyed in the U.S. were planning to expand in China. The Allianz Trade survey polled more than 3,000 companies in China, France, Germany, Italy, Poland, Spain, the UK and the U.S. were surveyed about their outlook for global trade in 2024. More than one-third of respondents plan to increase their China footprint, while only 11% said they would decrease it, the trade survey showed. "China remains the world's critical supplier, from which a full decoupling seems difficult, if not impossible," the Allianz Trade report said.

Persons: Economic Research Ana Boata Organizations: Allianz Trade, Allianz Trade's, Economic Research Locations: Qingdao Port, Qingdao, China, Germany, Spain, France, U.S, Italy, Poland

☆ Vietnam reportedly forfeits billions of dollars in foreign aid amid anti-graft freeze
▼ + stars: | 2024-05-17 | by ( ) www.cnbc.com time to read: +2 min

Vietnam forfeited at least $2.5 billion in foreign aid over the last three years and may lose another $1 billion because of administrative paralysis, the United Nations, the World Bank and Western donors told the government in a letter seen by Reuters. Vietnam forfeited at least $2.5 billion in foreign aid over the last three years and may lose another $1 billion because of administrative paralysis, the United Nations, the World Bank and Western donors told the government in a letter seen by Reuters. Two senior foreign officials interviewed by Reuters directly linked the administrative hurdles to the "blazing furnace" anti-graft drive, echoing similar comments from other diplomats and officials in recent months. The anti-graft drive has created a sort of paralysis, in which bureaucrats are slow to approve or advance initiatives because they fear accidentally violating complex regulations. The U.N. and the World Bank said they kept working closely with the government on projects, with the U.N. acknowledging in a statement to Reuters that there were "challenges" for the use of funding.

Persons: Pham Minh Chinh Organizations: United Nations, World Bank, Reuters, European Union, Japan, Asian Development Bank Locations: Vietnam, Communist, United States

☆ ECB board member reportedly cautions against back-to-back rate cuts, cites 'risk of easing prematurely'
▼ + stars: | 2024-05-17 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

European Central Bank board member Isabel Schnabel warned against back-to-back rate cuts amid lingering inflation risks, Nikkei reported Friday, as the central bank gears for its June meeting amid expectations of a rate cut. While a rate cut in June could be warranted depending on incoming data and projections, things are less certain beyond that, Schnabel told Nikkei. "After so many years of very high inflation and with inflation risks still being tilted to the upside, a front-loading of the easing process would come with a risk of easing prematurely," the ECB board member added. Geopolitical tensions and policy uncertainty amid a slew of elections worldwide this year also pose risks to euro area financial stability, the ECB said in a recent financial stability review. The review, however, highlighted that financial stability conditions have improved.

Persons: Isabel Schnabel, Schnabel, Luis de Guindos Organizations: European Central Bank, Nikkei, ECB Locations: disinflation

☆ European markets to open lower after snapping nine-day winning streak
▼ + stars: | 2024-05-17 | by ( Karen Gilchrist | ) www.cnbc.com time to read: 1 min

European markets are poised to open lower Friday after shares snapped a nine-day winning streak in the previous session as earnings weighed on positive sentiment. The pan-European Stoxx 600 closed lower Thursday as earnings misses from Siemens and EasyJet weighed on the index. Earnings come Friday from Richemont and Engie , while inflation updates are due out of the U.K. and euro zone.

Persons: EasyJet Organizations: Siemens Locations: Richemont

☆ Why Middle East travel is growing faster ‘than any other region’
▼ + stars: | 2024-05-16 | by ( Rym Bendimerad | ) edition.cnn.com time to read: +6 min

CNN —Last week, travel and tourism industry representatives from more than 150 countries gathered at the annual Arabian Travel Market trade show, held this year in Dubai. There, CNN’s Eleni Giokos spoke with Julia Simpson, president of the World Travel and Tourism Council (WTTC), about trends in tourism in the Middle East, and the challenge of making travel more sustainable. We are here in the Middle East — this is the first time I’ve been to the Arabian Travel Market — but what’s interesting is everyone’s telling me they have never, ever seen it this busy. Simpson: Well, the GCC and Middle East is growing faster than any other region. Visitors and delegates at the Arabian Travel Market.

Persons: CNN’s Eleni Giokos, Julia Simpson, I’ve, Simpson, Saud, you’ve, We’ve, we’ve Organizations: CNN, Travel, Tourism Council, Arabian, GCC, Gulf Cooperation, United, Visitors, Oxford Economics Locations: Dubai, Abu Dhabi, Ras Al, Khaimah, United Arab Emirates, Saudi, Arabia, —, Saudi Arabia, Oman, East, UAE, Gaza, Egypt

☆ Royal Caribbean and Norwegian have serious sustainable-food-supply-chain goals — here's how they compare
▼ + stars: | 2024-05-16 | by ( Brittany Chang | ) www.businessinsider.com time to read: +6 min

Royal Caribbean Group and Norwegian Cruise Line Holdings aim to source their foods more sustainably. In 2023, the cruise giants Royal Caribbean Group and Norwegian Cruise Line Holdings accommodated more than 10.3 million travelers. Both companies have been increasingly shopping localBoth Norwegian and Royal Caribbean want to be net zero emissions by 2050. Royal Caribbean did not respond to an inquiry about its beef initiatives or plans to expand its plant-based offerings. That's not to mention all the heat that cruise companies already take for operating ships that are bad for the environment.

Persons: —, Brittany Chang, Linken D'Souza, Royal Caribbean's, Bambi Semroc, it's, Ravi Anupindi, Anupindi, Royal, Semroc Organizations: Royal Caribbean Group, Cruise Line Holdings, Chain Management, Service, Norwegian, Royal, Business, Royal Caribbean's, Conservation, University of Michigan's Ross School of Business, Marine Stewardship Council, Aquaculture, Council, Global Animal Partnership, Regent Seven Locations: buffets, Royal Caribbean, Europe, Seattle, Vancouver, Florida, California, New York City, Norwegian, Oceania

☆ Meta slapped with child safety probe under sweeping EU tech law
▼ + stars: | 2024-05-16 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Mark Zuckerberg, CEO of Meta testifies before the Senate Judiciary Committee at the Dirksen Senate Office Building on January 31, 2024 in Washington, DC. Facebook parent company Meta on Thursday was hit with a major investigation from the European Union into alleged breaches of the bloc's strict online content law over child safety risks. The Commission added that it is concerned about age verifications on Meta's platforms, as well as privacy risks linked to the company's recommendation algorithms. "This is a challenge the whole industry is facing, and we look forward to sharing details of our work with the European Commission." The EU said it will carry out an in-depth investigation into Meta's child protection measures "as a matter of priority."

Persons: Mark Zuckerberg, Meta, Thierry Breton Organizations: Dirksen, Facebook, Meta, European Union, European Commission, CNBC Locations: Washington ,

☆ Opinion: Putin’s lightning assault jolts Europe awake
▼ + stars: | 2024-05-16 | by ( Opinion Frida Ghitis | ) edition.cnn.com time to read: +9 min

View more opinion on CNNCNN —It was a carefully choreographed show of force in Beijing Thursday as Russian President Vladimir Putin arrived for yet another meeting with his Chinese counterpart, Xi Jinping. Frida Ghitis CNNOn Wednesday, Slovakian Prime Minister Robert Fico was shot multiple times and gravely wounded in an assassination attempt. Russia’s lightning assault, according to Ukrainian President Volodymyr Zelensky, who cancelled all his foreign travel, aims to force Ukraine to stretch its defenses. Security officers move Slovak Prime Minister Robert Fico in a car after the assassination attempt in Handlova, Slovakia, on Wednesday May 15. Every day, the stark reality that what began in Ukraine will change Europe for years to come becomes more inescapable.

Persons: Frida Ghitis, Vladimir Putin, Xi Jinping, Robert Fico, Fico, Putin, —, Volodymyr Zelensky, Donald Trump, Joe Biden’s, David Cameron, “, Fico —, Radovan Stoklasa, Sergei Shoigu, Andrey Belousov, laughably, Rishi Sunak, Mark Rutte, Russia's, Alexander Ryumin, Emmanuel Macron, ”, Mikko Heiskanen, Xi Organizations: CNN, Washington Post, Politics, CNN CNN, Frida Ghitis CNN, Wednesday, Slovakian, Kyiv, British, Putin, Kremlin, Moscow, European Union, Reuters, Europe, Russia, Republicans, Russian, West, NATO, Institute for, ” Locations: Beijing, Europe, Ukraine, Kharkiv, Russia, Georgia, Soviet Republic, Moscow, Moldova, Slovak, Slovakia, “, Handlova, Iran, North Korea, China, Norway, London, British, Netherlands, ”, Germany, Berlin, Finland

☆ Biden’s trade chief walks back comments contradicting Biden on tariffs and inflation
▼ + stars: | 2024-05-16 | by ( Matt Egan | Kayla Tausche | ) edition.cnn.com time to read: +8 min

Research shows that former President Donald Trump’s tariffs on China did indeed raise prices on consumers and businesses — despite his claims otherwise. The study found tariffs imposed by former President Donald Trump did not meaningfully contribute to inflation. “The new Biden tariffs, like the more extensive ones that Trump has promised, will worsen US inflation. It is fair to debate how much the Biden tariffs will impact inflation because they are not nearly as widespread as what Trump imposed and what Trump is promising if he’s reelected. Trump enacted sweeping tariffs on $300 billion in Chinese imports, setting off a trade war between the world’s two biggest economies.

Persons: Katherine Tai, Joe Biden’s, ” Tai, —, Donald Trump’s, Tai, Angela Perez, Donald Trump, Goldman Sachs, Tai’s, “ Trump, ” Biden, “, Alex Durante, Tai’s “, Maury Obstfeld, Biden, ”, Trump, he’s, ” Perez, White, Morgan, Daleep Singh, Jen Psaki, Jared Polis, ” Polis, Ed Mills, Raymond James, David Kelly, ” Kelly Organizations: New, New York CNN, US, White, Research, CNN, US International Trade Commission, “, China, Tax, Obama, Peterson Institute for International Economics, Biden, Atlantic Council, Bretton, Committee, ”, Colorado Gov, Republicans, Asset Management Locations: New York, China, Ukraine, EVs, Europe

☆ Fico assassination attempt exposes risks for politicians in a polarized Europe
▼ + stars: | 2024-05-16 | by ( Luke Mcgee | Ivana Kottasová | ) edition.cnn.com time to read: +8 min

CNN —The horrific scenes in Slovakia following the assassination attempt on Prime Minister Robert Fico are a stark and brutal reminder of the dangers facing those who seek public office. Security personnel apprehend a suspected gunman after Slovakia's Prime Minister was shot in Handlova, Slovakia on May 15, 2024. President Zuzana Caputova appoints Robert Fico the new Slovakian prime minister at the Presidential Palace in Bratislava, Slovakia, on 25 October 2023. In 2022, Giorgia Meloni became Italy’s prime minister after running on an anti-immigration, socially conservative ticket. Former Japanese Prime Minister Shinzo Abe was shot dead in July 2022 as he gave a campaign speech.

Persons: Robert Fico, Fico, Zuzana Čaputová, ”, George Soros, Čaputová, Fico’s, Zuzana Caputova, Jakub Gavlak, Giorgia Meloni, Covid lockdowns, Jo Cox, DANIEL LEAL, David Amess, Shinzo Abe, Fernando Villavicencio –, – Organizations: CNN, Slovakia's, Getty, Fico, Slovakian, Parliamentary, Parliament, Political, Hamas, British Labour, AFP, Conservative, ISIS, Japanese Locations: Slovakia, Russia, American, Europe, Ukraine, Gaza, Handlova, AFP, Bratislava, Netherlands, Israel, London, Britain

☆ Here's the deflation breakdown for April 2024 — in one chart
▼ + stars: | 2024-05-16 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Consumers have largely seen prices deflate for physical goods, such as cars, furniture and appliances, economists said. They've also declined for some groceries and other things, such as travel, according to the consumer price index. Physical goods prices have deflated in all but one month since May 2023, for example. watch nowThe U.S. dollar's strength relative to other global currencies has also helped rein in prices for goods, economists said. Downward pressure on goods prices has waned a bit in recent months as supply-and-demand dynamics have normalized, economists said.

Persons: Oscar Wong, They've, they've, Michael Pugliese, Stephen Brown, Mark Zandi, Zandi, Hayley Berg, Hopper, There's, Brown Organizations: Consumers, Wells, Wells Fargo Economics, North, Capital Economics, Finance, GameStop, AMC, U.S, Federal Reserve, Canadian, Moody's, Airlines Locations: Wells Fargo, North America, U.S

☆ Calls to Pause Slovakia’s E.U. Election Campaigning Raise Questions
▼ + stars: | 2024-05-16 | by ( Matina Stevis-Gridneff | More About Matina Stevis-Gridneff | ) www.nytimes.com time to read: +1 min

Calls are growing in Slovakia for political parties to suspend campaigning for the European Union elections, just three weeks away, in the wake of the assassination attempt on the prime minister in the sharply polarized country. The president-elect of Slovakia, Peter Pellegrini, and others say the step is necessary to avoid further inflammatory political discourse, which has escalated further since the shooting that left Prime Minister Robert Fico badly wounded. At least one party, the opposition Progress Slovakia party, said it would immediately suspend its campaign, to help “end the spiral of attacks and blame.”The local news media reported that another party, the Christian Democratic Movement, had also paused campaigning. It is not clear how long such suspensions would last or what that would mean for Slovakia’s participation in the E.U. Voters across the European Union will elect 720 European Parliament representatives, with polling scheduled to take place in all 27 of the bloc’s members from June 6 to 9.

Persons: Peter Pellegrini, Robert Fico Organizations: European Union, Slovakia, Christian Democratic Movement Locations: Slovakia

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