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For over a decade, allies have chronically underspent on defense while the West’s adversaries modernized and bolstered their own military capabilities. Defense spending stayed low across the West not just because of budget pressures, but also because everyone – including the US – was frightened to provoke Russia. However, the nature of NATO allies’ support for Ukraine – much of it direct military support – has exposed the vulnerability that years of underfunding has caused the alliance. Fabian Bimmer/Pool/ReutersThis means that the challenge in front of NATO allies now is not just how can they meet the demand for weapons coming from Ukraine, but how do they reverse years of underfunding their own defenses? Some allies don’t trust that others will be quite so generous with defense spending if the Russia-Ukraine war were to end.
Persons: Vladimir Putin’s, Putin, Volodymyr Zelensky, Murat Kula, , ” John Herbst, Antony Blinken, Ulf Kristersson, Andrew Caballero, Reynolds, underfunding, It’s, Herbst, NATO’s, , Jens Stoltenberg, Olaf Scholz, Fabian Bimmer, Stoltenberg, ” Stoltenberg, Peter Ricketts, Douglas Lute, Organizations: CNN, NATO, Turkish, Anadolu Agency, Pentagon, , Swedish, US State Department, Getty, Ukraine, Rheinmetall, Trump Locations: Soviet, Bosnia, Kosovo, Afghanistan, Iraq, Ukraine, United States, British, Vilnius, Russia, Kyiv, Europe, Germany, AFP, North Korea, Iran, Washington, Unterluess, Baltic, Brussels, Finland, Sweden, NATO
Russia’s Central Election Commission said that overseas voting will take place at 288 polling stations in 144 countries, Russian state media TASS reported. During the 2018 presidential elections, 401 polling stations operated abroad and more than 475,000 people voted, according to the Central Election Commission as quoted by RIA Novosti. But this year, many overseas polling stations that operated in 2018 have been closed. Russian citizens at the Russian embassy in Berlin, Germany, look at a list of candidates in the 2018 Russian presidential election. A mourner lays flowers on the grave of Russian opposition leader Alexey Navalny at the Borisovo cemetery in Moscow on March 2, 2024, the day after Navalny's funeral.
Persons: Sergey Kulikov, Kulikov, , Vladimir Putin, , Putin –, Joerg Carstensen, Luba Zakharov, ” Zakharov, Boris Nadezhdin, – Vladislav Davankov, Nikolai Kharitonov, Leonid Slutsky –, Alexey Navalny, Navalny’s, Yulia Navalnaya, Zakharov, , Olga Maltseva, Anna, Putin, ” Anna, Putin …, ” Putin, Callum Fraser, Fraser, ” Fraser, Alexey Navalny’s, Ilya Yashin, Vladimir Kara, Boris Nemtsov, Anna Politkovskaya, , ” Kulikov Organizations: CNN, Kremlin, European, Human Rights, Russian Foreign Ministry, Russia’s, Commission, TASS, RIA Novosti, , Central, Putin, Getty, Royal United Services Institute Locations: Russia, Dubai, Ukraine, Russian, Berlin, Germany, Hamburg, Moscow, AFP, Sheva, Israel
Outside the hall, people grabbed a beer and a bratwurst before taking their seats inside, ignoring calls from the protesters down the road to come and talk. They came for an evening of conversation with the Alternative fur Deutschland (AfD), Germany’s leading far-right party. To one camp, this meeting represented a call for political change; to the other, a risk to German democracy. The AfD has officially tried to distance itself from the reports, saying it was not an official party meeting. But the AfD knows it has a struggle on its hands, as opponents of the party vow to keep protesting.
Persons: Germany’s, Adam, , Chris Stern, Bessin, Lars Hunich, Marlon, Berndt, Hans, Christoph Berndt, he’s, , Chancellor Olaf Scholz, Scholz, Nouripour, Dr Berndt, Hitler, Conspiracy, wouldn’t Organizations: CNN, Adam Sevens, , CNN Coalition of, Green, East Germany –, ” Protesters, Sevens Locations: Brandeburg, Germany, Freienthal, Netherlands, Italy, Berlin, Brandenburg, Potsdam, Brandenburg’s, Frienthal, East Germany, East Germany – Brandenburg, Thuringia, Saxony
CNN —At one point last year, tennis player Sumit Nagal had less than $1,000 in his bank account. After defeating Kazakhstan’s Alexander Bublik on Tuesday, Nagal became the first Indian man to win a match at the Australian Open in 11 years, pocketing $118,000 ($180,000 Australian dollars) in the process. “There was a time where we had a lot of singles players playing in the slams,” he said. Shang celebrates during his Australian Open win against Mackenzie McDonald. The 27-year-old Zhang has also reached the second round of this year’s Australian Open, and a deep run in Melbourne could see him break into the top 50 for the first time in his career.
Persons: Sumit Nagal, Kazakhstan’s Alexander Bublik, Nagal, “ I’m, , , Germany –, Shang Juncheng, Mackenzie McDonald, Melbourne . Shang, David Gray, Shang, Zhang Zhizhen, Wu Yibing, Zhang, Jerry –, “ Tom, Jerry, Carlos Alcaraz Organizations: CNN, Bublik, , Getty, ATP, WTA, IMG Academy, Nagal Locations: Germany, India, Melbourne, China, Melbourne ., AFP, Bradenton , Florida
This week's question: Hello, do you believe an international fund or international stocks are required for diversification or can diversification be accomplished domestically Thanks! So, we don't view owning international stocks as a requirement to gain the benefits of geographic diversification. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. This week's question: Hello, do you believe an international fund or international stocks are required for diversification or can diversification be accomplished domestically Thanks!
Persons: Jim Cramer, That's, Jack Ma, Michael Evans, Jack, it's, Tim Cook, Jim Cramer's, Jim, Steve Organizations: Apple, Wynn Resorts, WYNN, U.S ., Industrial, Linde, Jim Cramer's Charitable, CNBC Locations: China, Asia, Pacific, Macau, U.S, United States, Germany, Ireland, United Kingdom
Chief Executive Officer (CEO) of German industrial conglomerate Siemens, Roland Busch attends the virtual annual shareholder meeting in Munich, Germany, February 10, 2022. Sven Hoppe/Pool via REUTERS/File Photo Acquire Licensing RightsSummaryCompanies Company expects sales to grow 4-8% in fiscal 2024Posts record industrial sales, profit in Q4Frankfurt-listed shares +3.6%FRANKFURT, Nov 16 (Reuters) - Siemens (SIEGn.DE) on Thursday gave a more cautious sales outlook for 2024, citing continuing destocking by Chinese customers, after the maker of products from trains to industrial software reported record industrial profit. That beat the 20.99 billion euros forecast in a company-gathered poll of analysts. Industrial profit too grew 7% to a record 3.4 billion euros, above the 3.34 billion euros forecast. The company has also been working through its massive order book, which stood at 111 billion euros at the end of September, up from 110 billion euros at the end of June.
Persons: Roland Busch, Sven Hoppe, Ralf Thomas, Christoph Steitz, Alexander Huebner, John Revill, Linda Pasquini, Christopher Cushing, Jan Harvey Organizations: Siemens, Companies, ABB, Frankfurt, Industrial Business, Thomson Locations: Munich, Germany, Frankfurt, FRANKFURT, Swiss, China
Estonian energy tech company Skeleton Technologies has raised 108 million euros (around $114 million) from multinational Siemens and Japanese conglomerate Marubeni. Skeleton, which was founded back in 2009 in Tallinn, manufactures fast-charging energy storage systems for transport, maritime, the grid, and medical equipment. Its secret sauce is its own material, Curved Graphene, which increases how much energy can be stored in its supercapacitors. The fresh funds, which bring Skeleton's total raised to over 300 million euros (around $316 million), is a mixture of equity and debt. Marubeni, meanwhile, distributes Skeleton's products in Asia and helps it secure customers in the region.
Persons: Taavi Madiberk, Warren Buffet's Berkshire Hathaway, Skeleton's, Madiberk Organizations: Technologies, Siemens, Strategic, Siemens Financial Services, Marubeni Corporation, North America Locations: Tallinn, Germany, Asia, North
CNN —As Germany’s far-right Alternative for Germany (AfD) grows ever popular, the country’s once dominant Christian Democratic Union (CDU) party finds itself at a crossroads. The center-right CDU was in power for much of Germany’s post-war era and oversaw the reunification of East and West Germany. Max Schwarz/ReutersBerlin’s CDU mayor, Kai Wegner, took to X to write: “What cooperation is there to be had? Populist parties as ‘lightning rods’The CDU’s Michael Kretschmer, state premier of Saxony, believes a shift in policy is the best approach for democratic parties to stop the rise of the far-right. Opinion polls in his state, one of the five that make up Germany’s former east, put the AfD in the lead; Saxony has long been a stronghold for the far-right party.
Persons: Angela Merkel, Friedrich Merz, shockwaves, Merz, Merz backpedaled, , Robert Sesselmann, Max Schwarz, Kai Wegner, Jörg, , ” “, Kühne, ” Tino Chrupalla, John MacDougall, Merkel, it’s, sadi, Michael Kretschmer, Kretschmer Organizations: CNN, Christian Democratic Union, CDU, East, Social, Green Party and Free Democrats, ZDF, Reuters Berlin’s CDU, INSA, New, SPD, Greens, ARD, Bundestag, Getty, Federal Criminal Police, UN, UNHCR, , Citizens Locations: Germany, West Germany, Sonneberg, Thuringia, Germany’s, Saxony, Leipzig, West, East Germany, East Germans, West Germans, Saxony Anhalt, Ukraine, Poland, Syria
Stills pulled from the Aleppo security camera footage were shared with CNN exclusively by the Commission for International Justice and Accountability (CIJA). Another still image pulled from the Aleppo security camera footage, provided to CNN by CIJA, shows men in a stairwell. Photo of Arkel, in the Netherlands, where Ayham al S. was arrested on January 17, 2023. So people are not always so willing to talk to the judicial authorities.”By all accounts, Ayham al S. led a quiet life in Arkel. ‘Not a safe haven for war criminals’The legal principle that allows the Dutch government to pursue Ayham al S. is known as universal jurisdiction.
Persons: , Chris Engels, “ We’re, ” CIJA, Stills, Didier Francois, CNN’s Christiane Amanpour, , ” Francois, Francois, Engels, CIJA, , “ It’s, ” Engels, ” Mirjam Blom, Mick Krever, Ayham, Nicole van den, ” Blom, Ayham al, Blom Organizations: CNN, ISIS, Commission, International Justice, Islamic, CIJA, Global Coalition, European Union, Netherlands Public Prosecution Service, Syrian Center for Media, ICC, Criminal, Counterterrorism, Security Locations: Syrian, Aleppo, Aleppo’s Qadi, Europe, French, Syria, Iraq, Turkey, Saudi Arabia, United States, United Kingdom, Canada, Germany, France, Arkel, Damascus, Qaeda, Rotterdam, Netherlands
It’s Europe’s biggest economy – so how worried should people be about Germany’s stagnation? We look at what’s pummelling the country’s economy – and how a Nazi-era bunker-turned-penthouse has become emblematic of its property market woes. An earlier version said the amount of time it takes to open a business in Germany is double the EU average. The correct statistic is that the time it takes to obtain a license to open a business in Germany is double the OECD average. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices.
Organizations: Apple, Google, Reuters, Thomson Locations: Nazi, Germany
CNN —Russia has a stockpile of cluster munitions and will consider using them against Ukraine “if they are used against us,” President Vladimir Putin said. “Russia has a sufficient supply of various types of cluster munitions,” the Russian leader said during an interview with a pro-Kremlin journalist. What are cluster munitions? Cluster munitions contain multiple explosives that are released over an area up to the size of several football fields. Putin also claimed that Russia has not yet used cluster munitions, despite evidence to the contrary.
Persons: Vladimir Putin, , , Connie Chen, Henrik Pettersson, Joe Biden, Putin, Biden, Jen Psaki Organizations: CNN, Kremlin, Geneva International Centre, US Defense Department, White House, United Nations Locations: Russia, Ukraine, Kyiv, United Kingdom, France, Germany, Kharkiv, Ukraine’s
June 14 (Reuters) - Hundreds of social media moderators in Germany – who remove harmful content from platforms such as Facebook and TikTok – are calling on lawmakers to improve their working conditions, citing tough targets and mental health issues. Meta has faced mounting pressure over the working conditions of content moderators keeping its platform safe. In 2020, the firm paid a $52 million settlement to American content moderators suffering long-term mental health. "Without us, social media companies would collapse overnight," reads the petition, seen by Reuters. "Social media can never be safe until our own workplaces are safe and fair."
Persons: Germany –, Cengiz Haksöz, Haksöz, Meta, Martin Coulter, David Gregorio Our Organizations: Facebook, TELUS International, Digital, TELUS, Social, Reuters, Thomson Locations: Germany
It might not sound particularly appealing on paper, but 23-year-old airplane seat designer Alejandro Núñez Vicente believes double-level seating is the future of economy flying. You may have seen a photo of Núñez Vicente’s Chaise Longue Airplane Seat prototype floating around the internet. Núñez Vicente envisages an airplane cabin in which the Chaise Longue is in the center, flanked by two rows of regular airplane seating. He says he designed the Chaise Longue to solve the airplane seat conundrum – not make it worse. The earlier iteration of the Chaise Longue Airplane Seat at AIX 2022.
Persons: Germany CNN —, Alejandro Núñez Vicente, Núñez, ” Núñez Vicente, , Núñez Vicente, they’ve, he’s, , “ It’s, it’s, ” Alejandro Núñez Vicente, ’ ”, Núñez Vicente’s, Francesca Street, CNN Núñez Vicente, Clara Service Soto, van, didn’t, you’re, “ there’s, Service Soto, “ We’re, Vicente, He’s Organizations: Germany CNN, CNN Travel, Aircraft, legroom, 1OFF, CNN, AIX, Clara, Service, Locations: Hamburg, Germany, , Madrid, Spain, Europe
Milton da Costa Junior nosed his pickup through a remote stretch of the western Brazilian Amazon to check on his babies. Local authorities said the September 2021 incident, which Da Costa outlined in a police report that was reviewed by Reuters, is being investigated. Out of dozens of reforestation initiatives in the country, Rioterra and The Black Jaguar Foundation, a Brazilian-European group, are among the largest. Illegal invaders destroy in hours what it takes Rioterra or Black Jaguar a year to plant. In all, Black Jaguar has signed contracts with 26 farms and planted 326 hectares (806 acres) to date.
Persons: Milton da Costa, Da Costa, Carlos Nobre, Alexis Bastos, Rioterra, , Nobre, , Bastos, Jamari, Dejesus Aparecido Ramos, it’s, ” Bastos, Jair Bolsonaro, Germany –, Bolsonaro, Luiz Inácio Lula da Silva, Black, Ben Valks, Valks, Leandro Silveira, Silveira, São, ” Valks, aren’t, Cristina Banks, Leite, Marcos Mariani, Araguaia, Mariani, Tânia Irres, ” Irres, Regina Molke, I’ll, Clovis, Black Jaguar, Aquaverde, Renato Franklin, “ Ben, ” Franklin, L’Oreal, da Costa, ” Da Costa, da, Spring, Clare Trainor, Catherine Tai, Lais Morais, Ilan Rubens, Lucy Ha, John Emerson, Marla Dickerson Organizations: Milton da Costa Junior, Toyota, Reuters, Black Jaguar Foundation, National Institute for Space Research, Rioterra, Cultural, Environmental Studies, Petrobras, , Amazon Fund, Environment Ministry, United, United Arab Emirates, São Paulo, Global, Farmers, Brazil’s Central Bank, Brazil’s National Institute for Space Research, Imperial College London, Santana, Bolsonaro, United Nations, Space Agency, Copernicus, Sentinel Locations: Machadinho, Rondônia, Brazil, Germany, Brazilian, European, Manhattan, Lebanon, Nicaragua, Bastos, Porto Velho, droves, Rio, Black, Itapuã, Oeste, Norway, United Arab, Pará, Caixa, , Costa, Syria, Paris, Santana, Araguaia’s, Clovis, Regina, United States, South, Geneva, Rio Preto, da Costa
G7 member countries, Canada, France, Germany, Italy, Japan, the United Kingdom and the United States, include the largest backers of Ukraine’s defense. Diplomatic pushEarlier this week, Zelensky completed a whirlwind European tour, where he made a bid to restock Ukraine’s military arsenal during stops in Italy, Germany, France and the United Kingdom. Zelensky will also attend the Arab League summit in Saudi Arabia on Friday, two Arab diplomats confirmed to CNN. Zelensky met with envoy Li Hui earlier this week, China’s Foreign Ministry said Thursday. Ukraine’s Foreign Ministry earlier that day had confirmed Li met Foreign Minister Dmytro Kuleba and discussed “ways to stop Russian aggression.”
London CNN —The embattled chairman of the British Broadcasting Corporaration (BBC), Richard Sharp, resigned on Friday after a report found he failed to disclose his involvement in facilitating a loan of almost $1 million to former British Prime Minister Boris Johnson. Sharp claimed the breach was “inadvertent and not material,” but said he was resigning to “prioritise the interests of the BBC.” He had previously denied involvement in the arrangement, or the existence of a conflict of interest as the loan happened before his appointment as head of the public broadcaster. Adam Heppinstall’s report however found Sharp “failed to disclose potential perceived conflicts of interest” to the cross-party panel of MPs which advised ministers on who to appoint. “There may well have been a risk of a perception that Mr Sharp would not be independent from the former Prime Minister, if appointed,” the report said. The former England soccer captain was later reinstated after his fellow presenters refused to go on air without him, and the corporation announced a review into what freelancers outside of its news arm (such as Lineker) can and cannot say on social media.
BBC engulfed in an impartiality storm of its own making
  + stars: | 2023-03-13 | by ( Rob Picheta | ) edition.cnn.com   time to read: +12 min
“There is a long-established precedent in the BBC that if you’re an entertainment presenter or you’re a football presenter, then you are not bound by those same rules” on impartiality, former director-general Greg Dyke told BBC Radio 4 over the weekend. BBC Director General Tim Davie has made protecting impartiality one of his major priorities. Oli Scarff/AFP/Getty ImagesMore problematic still is that the same thorny questions about impartiality extend to the BBC’s leadership. “It’s a mess, isn’t it?” former BBC executive Peter Salmon told the cooperation’s flagship political presenter Laura Kuenssberg on Sunday. “He’s got views, he’s got passions … it may be that Gary has outgrown the job, and his role in the BBC.”
Japanese-American Nisei soldiers at US Army Military Intelligence Service language school. Not many people know that we had Japanese-Americans fighting the Pacific war. The very first Japanese language school was started by the Army a months before Pearl Harbor. A US Army Nisei soldier gives water to a child in Okinawa. US Army Nisei soldiers interrogating a Japanese prisoner of war.
CNN —Germany was knocked out of the 2022 World Cup on Thursday after a quite extraordinary finale to Group E, despite beating Costa Rica. As he did in the famous victory over Germany, Japan coach Hajime Moriyasu used his substitutes masterfully, bringing on Dōan and his left-footed strike brought Japan level. Wataru Endo celebrates with teammates after Japan qualified for the knockout stages of the World Cup. Costa Rica took a stunning lead as Juan Pablo Vargas prodded home after an frantic goalmouth scramble to leave Germany trailing. With just over 20 minutes remaining in the two games, Spain and Germany – both recent World Cup winners – were in danger of going home.
He was also captain of the Brazil team at the 1982 World Cup, long before cable television and streaming made every football match and player compilation readily available. Socrates in action vs. Argentina during 1982 World Cup. Despite losing to host Uruguay in the Gold Cup final, Brazil beat West Germany – one of the favorites for the 1982 World Cup and eventual losing finalist – 4-1 in the group stages. So, it all came down to Brazil vs. Italy on July 5 for a place in the 1982 World Cup semifinal. Melchert/picture alliance/Getty ImagesMacpherson described the result as “a huge anti-climax” for the neutrals watching at the World Cup.
​​How Russia Pays for War
  + stars: | 2022-10-30 | by ( Lazaro Gamio | Ana Swanson | ) www.nytimes.com   time to read: +17 min
Invasion –84% Imports from Russia –20% Germany Current total trade $4.8 billion Since invasion –3% Exports to Russia Avg. Invasion –51% Imports from Russia +38% The Netherlands Current total trade $2 billion Since invasion +32% Exports to Russia Avg. Invasion –52% Imports from Russia +74% China Current total trade $15 billion Since invasion +64% Exports to Russia Avg. Invasion +24% Imports from Russia +98% India Current total trade $3.3 billion Since invasion +310% Exports to Russia Avg. Invasion –19% Imports from Russia +430% Turkey Current total trade $6.2 billion Since invasion +198% Exports to Russia Avg.
Oct 25 (Reuters) - Daily global COVID-19 infections are projected to rise slowly to about 18.7 million by February from the current 16.7 million aveage daily cases, driven by the northern hemisphere's winter months, the University of Washington said in an analysis. The increase in cases is not expected to cause a surge in deaths, the University of Washington's Institute for Health Metrics and Evaluation (IHME) said. It forecast that global daily deaths would average 2,748 people on Feb. 1, compared with around 1,660 currently. IHME estimates that daily infections in the United States will increase by a third to more than a million, driven by students back in schools and cold weather-related indoor gatherings. A rapid increase in hospital admissions in Germany – the highest since the COVID outbreak in 2020 - remains an area of concern, it said.
Oct 25 (Reuters) - Daily global COVID-19 infections are projected to rise slowly to about 18.7 million by February from the current 16.7 million aveage daily cases, driven by the northern hemisphere's winter months, the University of Washington said in an analysis. The increase in cases is not expected to cause a surge in deaths, the University of Washington's Institute for Health Metrics and Evaluation (IHME) said. It forecast that global daily deaths would average 2,748 people on Feb. 1, compared with around 1,660 currently. A surge in Germany has peaked already, it said in its report on Oct. 24. A rapid increase in hospital admissions in Germany – the highest since the COVID outbreak in 2020 - remains an area of concern, it said.
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