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Members of gang Kraze Baryé in Port-au-Prince, Haiti, in April 2024. Stopping the flow of guns to Haiti would likely have an immediate impact on the bloodshed, according to police and human rights experts. “We have to cut the gangs’ weapons supply lines. Vitel'homme Innocent walks with armed members of Kraze Baryé in Port-au-Prince, Haiti, in April 2024. CNNAn ‘iron river’ from the United StatesThe guns Haiti’s gangs wield are a mix of stolen and smuggled, and the United States is by far the main source of the latter, according to UN experts.

Persons: Prince, Prince CNN —, they’ve, don’t, ”, Pierre Esperance, William O’Neill, Ariel Henry, ” Sylvie Bertrand, Innocent, Vitel'homme Innocent, Kraze, UNODC, Joly Germine –, Mawozo –, Mariani, Izo, Andre Johnson, ” Esperance, Bertrand Organizations: Prince CNN, ”, CNN, Human Rights Defense Network, Kenyan, UN, Rights, Drugs, United, US, of Alcohol, Tobacco, Firearms, Explosives, Miami, ATF, Haitian National Police, Customs, Cap Haitien . Drugs, Episcopal, ” CNN, Homeland Security Investigations, US Department of Homeland Security, US Department of Commerce’s, Export Enforcement, National Police, Haiti’s, Customs Administration Locations: Port, Dominican Republic, Bahamas, Caicos, British, Florida, Haiti, Prince, Caribbean, ”, Israel, Turkey, Czech Republic, Brazil, United States, Latin America, Texas , Louisiana, Georgia, Gonave ., South America, Jamaica, Haiti’s, Cap Haitien, Haitian, Esperance

☆ The West is freaking out that China is making too much stuff, and it looks like China might be starting to agree
▼ + stars: | 2024-05-09 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

The proposal covers a range of issues, including minimum technical standards and ecological guidelines for battery production. AdvertisementChina's battery production in 2023 alone was already big enough to fill global demand, according to an analysis from BloombergNEF. China's global share of battery manufacturing capacity is expected to fallDespite the West's consternation, there is an upside for the bloc. China's global share of battery manufacturing is expected to decline in the years ahead, according to a report from the International Energy Agency, or IEA, published on Monday. AdvertisementChina now accounts for more than 80% of battery manufacturing capacity, followed by the US and the EU with around 5% each, per the IEA.

Persons: China's, —, Xi Jinping's, Louise Loo, Loo, Chim Lee, Lee Organizations: Service, China's Ministry of Industry, Information Technology, European Union, Oxford Economics, Economist Intelligence, International Energy Agency, US, EU Locations: China, Beijing, Canada, Europe, India

☆ China's footprint in global supply chains will grow no matter who wins the US presidential election: analysts
▼ + stars: | 2024-05-07 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

US presidential candidates Biden and Trump both vow to get tough on China. EIU predicts worsening US-China economic and diplomatic ties over the 2020s. EIU doesn't expect US trade policies to significantly reduce China's role in global production networks. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe US presidential election is less than six months away, and Democratic and Republican presidential nominee frontrunners Joe Biden and Donald Trump have both vowed to get tough on China.

Persons: Trump, EIU, —, frontrunners Joe Biden, Donald Trump, Biden Organizations: Biden, Service, Democratic, Republican, Economist Intelligence Unit, Business Locations: China

☆ Alexey Navalny's death wasn't directly ordered by Putin, WSJ reports
▼ + stars: | 2024-04-27 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

Putin critic Alexey Navalny's death may not have been planned to happen when it did, WSJ reported. The Journal reported that this opinion is shared by several US intelligence agencies. AdvertisementAlexey Navalny's February death in a remote Arctic prison camp likely wasn't directly ordered by Vladimir Putin, despite Navalny's outspoken criticism of the Russian president, The Wall Street Journal reported Friday. Despite the suspicious circumstances of the opposition leader's death, the outlet reported Putin may not have intended Navalny to be killed when he was. None of the intelligence agencies cited by the Journal or the Pentagon have responded to requests for comment from Business Insider.

Persons: Alexey Navalny's, Navalny's, —, Vladimir Putin, Putin, — wasn't, Putin wasn't, Leonid Volkov, Navalny Organizations: Kremlin, Service, Street, CIA, National Intelligence, State, Journal, Pentagon, Business Locations: Russian, Poland

☆ Biden is fighting Trump's tough tactics by calling for tripled tariffs on Chinese steel imports
▼ + stars: | 2024-04-24 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Read previewUS President Joe Biden last week called for a tripling of tariffs on Chinese steel and aluminum imports, echoing former President Donald Trump's levies on a range of goods from China. Biden — who is the frontrunner for the Democratic Party's presidential nominee — said China's steel production was backed by state funds, which enable the commodity to be sold cheaply to the US. He wants to hike a key tariff on Chinese steel and aluminum from 7.5% to 25%. AdvertisementHowever, the US isn't a large Chinese steel importer. AdvertisementLin added that China's steel sector is geared toward meeting domestic demand and doesn't receive any export-oriented subsidies.

Persons: —, Joe Biden, Donald Trump's, Biden —, Trump, Chim Lee, Biden, Lin Jian, Lin, Janet Yellen, EIU's Lee Organizations: Service, Democratic, Business, Bloomberg, Economist Intelligence Locations: China, Beijing, Chile, Brazil

☆ China is worried about overcapacity, too — but it sees the problem differently than the US
▼ + stars: | 2024-04-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

The US treasury secretary raised concerns about China's overproduction in her recent visit to the country. China has hit back at her concerns, but it's also concerned about overcapacity, an economist says. Just like the US and all of China's trading partners, Chinese authorities are concerned about industrial overcapacity and want to curb it. She added that China's trade surplus with the world meant there might be fewer incentives for Beijing to tackle the issue. AdvertisementAnalysts expect the US debate over its trade issues with China to heat up heading into the presidential election season.

Persons: it's, —, Yue Su, Su, Janet Yellen, Janet Yellen's, Yellen, Li Qiang, Mao Ning, Mao Organizations: Service, Economist Intelligence Unit, European Union, EU, Commerce Department Locations: China, Beijing, People's Republic of China, Thailand, EU, —

☆ Yellen says U.S. plans to ‘underscore’ need for China to shift policy
▼ + stars: | 2024-04-08 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

U.S. Treasury Secretary Janet Yellen said Monday that future discussions between the U.S. and China will focus on Beijing's need to shift its policy on industry and the economy, as she wrapped up the fourth and final full day of her trip to China on April 8. Pedro Pardo | Afp | Getty ImagesBEIJING — U.S. Treasury Secretary Janet Yellen said Monday that future discussions between the U.S. and China will focus on Beijing's need to change its policy on industry and the economy. Yellen said her conversations with Chinese officials during the trip discussed plans Beijing had for its economy, but she did not elaborate. Yellen also declined to share what tools the U.S. might use to prevent China's industrial policy from resulting in the loss of American jobs. During her trip, Yellen met with top Chinese officials including Premier Li Qiang in Beijing and Vice Premier He Lifeng in Guangzhou.

Persons: Janet Yellen, Pedro Pardo, Yellen, Yue Su, Su, Premier Li Qiang Organizations: Treasury, U.S, Afp, Getty, International Monetary Fund, World Bank Group, EV, The Economist Intelligence Unit, ASEAN, Consumer, Premier, Lifeng Locations: China, BEIJING, U.S, Guangzhou, Beijing, Washington ,, Europe, Hong Kong, Washington

☆ Microsoft just set the stage for an all-out AI talent war with Google
▼ + stars: | 2024-04-08 | by ( Hugh Langley | ) www.businessinsider.com time to read: +4 min

AdvertisementMicrosoft is opening a new artificial-intelligence unit in London, putting itself firmly on the turf of its biggest AI rival: Google DeepMind. In the battle for top AI talent, a bigger London presence could be a savvy move for Microsoft. Related storiesLast year, in response to increased pressure from rivals such as OpenAI, Google merged DeepMind with its central AI unit Brain, forming the new Google DeepMind. Meta itself recently lost three top AI employees, while Google has lost a steady stream of employees to OpenAI over the past year. As the Big Tech AI arms race for talent continues to heat up, Google may have to work even harder to stem the bleeding.

Persons: —, Mustafa Suleyman, Suleyman, Jordan Huffman, It's, OpenAI's, Alex Libre, BI's Aaron Mok, Sergey Brin, OpenAI, Mustafa Suleyman's Organizations: Microsoft, Google, Service, Gemini, Meta, who's, Big Tech Locations: London

☆ Here are the best places in the world to do business
▼ + stars: | 2024-04-02 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Singapore, Denmark and U.S. are the best places in the world to conduct business, according to the Economist Intelligence Unit business environment ranking. "Singapore will remain the best geography in the world to do business, as it has for the past 16 years," EIU's Country Forecast Manager and Europe analyst, Prianthi Roy, told CNBC. Factors driving the Southeast Asian nation's place as a premier business destination is its political stability and the government's focus on helping domestic private-sector companies upgrade technologically, she said. The EIU's ranking assesses the attractiveness of doing business across 82 countries and territories, and is measured based on indicators such as inflation, cost of living, economic growth, and fiscal policies. The gauge also offers insights to which economies are better placed for growth than others, and an "effective way to identify where an uptick in investment spending may soon be coming," said EIU's analysts.

Persons: Prianthi Roy Organizations: Economist Intelligence Unit, CNBC Locations: Singapore, Denmark, U.S

☆ War, reforms and a possible successor? Here's what we could see from 6 more years of Putin
▼ + stars: | 2024-03-19 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +9 min

Analysts share their views on what we can expect now that Putin has strengthened his grip on power, with the Ukraine war, domestic economic reforms and a possible government reshuffle key factors to watch. Having cleared more of a procedural hurdle than a real test of his policies and popularity in the election, Putin will have more freedom to advance contentious reforms at home, analysts note. Russian President Vladimir Putin delivering an annual address to the Federal Assembly of the Russian Federation, at Moscow's Gostiny Dvor, in Moscow on Feb. 29, 2024. MOSCOW, RUSSIA - JANUARY 8: (RUSSIA OUT) A woman eats hot corn while walking along the Red Square near the Kremlin, as air temperatures dropped to -18 degrees Celcius, January,8 2024, in Moscow, Russia. However, with the dynamics of the war now shifting in Russia's favor, Putin might feel more confident with the reshuffle.

Persons: Vladimir Putin, Natalia Kolesnikova, Vladimir Putin's, Putin, embolden Putin, Liam Peach, Jose Colon, Anton Siluanov, Tursa, Adeline Van Houtte, Donald Trump, Dmitry Peskov, Peach, he's, Sergei Shoigu, Sergei Lavrov, Mikhail Mishustin, Dmitry Medvedev, Gavriil Organizations: Afp, Getty, Kremlin, Commission, Analysts, U.S, Capital Economics, Anadolu, Anadolu Agency, Economist Intelligence Unit, Federal Assembly, Russian Federation, New, Putin, Security Council, Sputnik Locations: Crimea, Red, Moscow, Russia, Russian, Central, Ukraine, Bakhmut, Donetsk Oblast, Eastern Europe, Europe, U.S, Russia's, MOSCOW, RUSSIA

☆ 2024 is the year of the rate cut pivot — here's when the world's central banks will budge
▼ + stars: | 2024-03-13 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +6 min

EIU also expects the Bank of Japan will exit its negative interest rate policy in the second quarter. Markets currently expect the Fed to start with a 25-basis-point rate cut in June. Euro zoneThe European Central Bank last week also held its policy rate at a record high of 4%, signaling that it won't cut rates before June. JPMorgan said in a research note that the Turkish central bank may cut its policy rate in November and December, keeping its year-end policy rate forecast of 45%. IndonesiaIndonesia's central bank kept its benchmark policy rate at 6% in its recent meeting.

Persons: EIU, Jerome Powell, LSEG, Nomura, Perry Warjiyo, CNBC's JP Ong, BOK, Goldman Sachs, Goohoon Kwon, Kwon Organizations: Getty, Economist Intelligence Unit, Bank of Japan, United, United States U.S, Federal, Fed, European Central Bank, ECB, Swiss National Bank, UBS, Bank of Canada, Bank of, JPMorgan, Reserve Bank of, ANZ, New Zealand Auckland Savings Bank, Bank, Bank Indonesia, BMI, Fitch Solutions, U.S, Oxford Economics, Macquarie Locations: Czech, China, Japan, United States, Switzerland Swiss, Bank of Canada, Turkey, Turkish, Reserve Bank of Australia, New, Indonesia, South Korea, Asia

☆ CNBC Daily Open: Stubborn inflation is a problem for the Fed
▼ + stars: | 2024-03-13 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Despite high inflation, the BOJ hasn't really shifted from its ultra-loose monetary policy that has been in place in 2016. Rate cut pivot in 2024Central banks worldwide could make a rate cut pivot in 2024. Boeing crisis hurt airlinesCEOs from several airlines say Boeing's delivery delays have forced the carriers to change their growth plans.

Persons: Thomas Calomiris Organizations: Washington , DC, CNBC, Japan's Nikkei, Dow, Nasdaq, Bank of Japan, Economist Intelligence, Boeing, Alaska Airlines Max, Southwest Airlines, Alaska Airlines, United Locations: Washington ,, Asia, BOJ, Central, Beijing

☆ Russia says its democracy is the best in the world, days after Putin's only real political rival died in prison
▼ + stars: | 2024-03-07 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Kremlin spokesperson Dmitry Peskov declared Russia's democracy "the best" in the world. Navalny died in prison, and Russian elections are widely regarded as anything but free and fair. AdvertisementRussia's democracy is the best in the world and it won't tolerate criticism of it, the Kremlin's top spokesperson said on Wednesday. "Our democracy is the best, and we will continue to build it," he said, per Ukrainska Pravda's translation. Russian presidential elections, set to begin in 10 days, are also widely regarded as a foregone conclusion.

Persons: Dmitry Peskov, Putin's, Alexey Navalny, Navalny, —, Vladimir Putin, Boris Nadezhdin, Alexei Navalny, Associated Press Navalny, Roman Ivanov Organizations: Service, Moscow Times, Associated Press, Kremlin, Telegraph, Economist Intelligence Unit Locations: Moscow, Russia, —, Nicaragua, Venezuela, Ukraine

The work report presented Tuesday by Premier Li Qiang to the National People’s Congress outlined plans for modest increases in overall spending and a hefty 7.2% jump in funding for the military. Li's work report is designed to showcase for the nation achievements in the past year and convey the top leadership's priorities for this year. Photos You Should See View All 60 ImagesApart from the ambitious growth target, “There is no reform, no liberalization, no action plan and no messaging of reassurance,” he said. — Another 10.4 billion yuan ($1.4 billion) will go to upgrading industries and modernizing manufacturing. “We will work to build China's self-reliance and strength in science and technology,” the report said.

Persons: it’s, Premier Li Qiang, Li, Xi Jinping's, James Zimmerman, ”, Tianchen Xu, What's, —, Xu, ” Lynn Song Organizations: BEIJING, Premier, National People’s, Communist, American Chamber of Commerce, Economist Intelligence Unit, Baidu, Greater China, ING Economics, — Locations: China, Beijing, Washington, Hong Kong, Greater

☆ Analysis-As China's Xi Summons 'New Productive Forces', Old Questions Linger for Economy
▼ + stars: | 2024-03-05 | by ( March | At P.M. | ) www.usnews.com time to read: +5 min

By James Pomfret, Kevin Yao and Ellen ZhangHONG KONG/BEIJING (Reuters) - Facing its deepest economic challenges in years, China's leadership has tasked ministries and local governments with implementing a new mantra from President Xi Jinping: unleash "new productive forces". Beijing hopes the “new productive forces” campaign will strengthen China at a time when geopolitical pressures including steps by the United States to “decouple” or “de-risk” have curtailed access to foreign technology. "To support innovation, we should give people more freedom to think and talk, because many innovations result from the collision of ideas. The new mantra was also taken up by China's state planning agency, the National Development and Reform Commission. Its annual report on Tuesday pledged support for industries including satellite internet applications, China's BeiDou Navigation Satellite System, and research into nuclear fusion.

Persons: James Pomfret, Kevin Yao, Ellen Zhang HONG, Xi Jinping, Li Qiang, Xi’s, Xi, Tianchen Xu, Li, Steve Tsang, Ellen Zhang, Nick Macfie Organizations: Communist Party, Party, Reuters, Economist Intelligence Unit, SOAS China Institute, National Development, Reform Commission Locations: Ellen Zhang HONG KONG, BEIJING, China, China’s, Beijing, United States, London, Pearl

☆ China's current economic policy measures won't boost growth above 5%, economist says
▼ + stars: | 2024-03-05 | 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 current economic policy measures won't boost growth above 5%, economist saysCailin Birch, global economist at Economist Intelligence Unit, discusses China's growth outlook and how the country's economy is impacting Europe and the U.S.

Persons: Cailin Birch Organizations: Intelligence Unit Locations: Europe, U.S

☆ Russia offering African governments 'regime survival package' in exchange for resources, research says
▼ + stars: | 2024-02-27 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

OUAGADOUGOU, Burkina Faso - Jan. 20, 2023: A banner of Russian President Vladimir Putin is seen during a protest to support the Burkina Faso President Captain Ibrahim Traore and to demand the departure of France's ambassador and military forces. Russia's military intelligence service is offering African governments a "regime survival package" that provides military and diplomatic support in exchange for access to strategically important natural resources, according to a new report. Russia's Defense Ministry was not available to comment on the report's findings when contacted by CNBC. Wagner has for many years been a key component of the Kremlin's efforts to grow its influence in politically unstable countries across central Africa and the Sahel, including the Central African Republic, Mali, Burkina Faso and Sudan. The report's authors Jack Watling, Oleksandr V Danylyuk and Nick Reynolds explained that the GRU chose to divide Wagner's activities in two.

Persons: Vladimir Putin, Captain Ibrahim Traore, Wagner, Yevgeny Prigozhin, Jack Watling, Oleksandr V Danylyuk, Nick Reynolds Organizations: Royal United Services Institute, Wagner Group, Russia's Defense, CNBC, Central African, Volunteer Corps, Russian Military of Defense Locations: OUAGADOUGOU, Burkina Faso, Africa, Central African Republic, Mali, Sudan, Ukraine

☆ Russia was ridiculed at the start of the war. Two years on, it has reasons to be confident
▼ + stars: | 2024-02-23 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +9 min

Internal political frictions and the replacement of popular military chief General Valerii Zaluzhnyi has also fueled concerns over military strategy going forward. "I think for Ukraine, there's really quite minimal difference between a president who can't deliver lethal aid and a president who won't deliver lethal aid. Russia's President Vladimir Putin listens while then-U.S. President Donald Trump speaks during a press conference in Helsinki, Finland, in 2019. Russian President Vladimir Putin smiles while visiting an aviation plant on February 21, 2024, in Kazan, Russia. "The dispute over mobilization is happening at a time when most authorized U.S. military aid is close to exhausted and Congress has yet to pass a new aid package."

Persons: Moscow —, Valerii Zaluzhnyi, there's, James Nixey, that's, Putin, Donald, Trump, Nixey, Vladimir Putin, Donald Trump, Brendan Smialowski, Alexei Navalny, Kurt Volker, he'd, Avdiivka, Volker, Volodymyr Zelenskyy, David Kirichenko, Kirichenko Organizations: Anadolu, Getty, Kyiv —, U.S, Russian, AFP, NATO, CNBC, Analysts, Institute for, Russia, Manpower, Kremlin, Center for, Armed Forces of, Bloomberg Locations: Ukrainian, Bakhmut, Donetsk Oblast, Ukraine, Russia, Moscow, Kyiv, Avdiivka, Eurasia, Helsinki, Finland, West, U.S, Russian, Kazan, Donetsk, Armed Forces of Ukraine

☆ Why the Year of the Dragon doesn't bode well for China’s declining population
▼ + stars: | 2024-02-14 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +2 min

In this zodiac cycle, those born between Feb.10, 2024 and Jan. 28, 2025 will be classified as "Dragon babies." While people in China also hold these beliefs, birth rates in the country have actually fallen during the "Dragon Years." For instance, Singapore's birth rates rose by 21% in 1988, and 8% in 2000 and 2012. Asian folklore, however, may not be able to do much for China's falling birth rates, which could continue to drop "quite precipitously," Tay warned. China's birth rates have seen a secular decline, falling to 6.39% in 2023 from 22.37% in 1988.

Persons: Jacelyn Phang, feng, Yuan Zhong Siu, Phang, Erica Tay, Maybank, Tay, Tianchen Xu Organizations: CNBC, The Economist Intelligence Locations: China, Asia

But the blog does offer insight into how U.S. geopolitical rivals have been using large-language models to expand their ability to more effectively breach networks and conduct influence operations. But criminals and offensive hackers use it as well, and the introduction of large-language models led by OpenAI's ChatGPT upped that game of cat-and-mouse. — Iran's Revolutionary Guard has used large-language models to assist in social engineering, in troubleshooting software errors, and even in studying how intruders might evade detection in a compromised network. “Of course bad actors are using large-language models — that decision was made when Pandora’s Box was opened," said Amit Yoran, CEO of the cybersecurity firm Tenable. Some cybersecurity professionals complain about Microsoft's creation and hawking of tools to address vulnerabilities in large-language models when it might more responsibly focus on making them more secure.

Persons: —, OpenAI, ”, OpenAI's ChatGPT, Malaysia —, Amit Yoran, Gary McGraw, Edward Amoroso Organizations: BOSTON, — Microsoft, Microsoft, Korean, Guard, Cybersecurity, Infrastructure Security Agency, Google, Meta, Berryville Institute of Machine Learning, NYU, T Locations: Iran, North Korea, Russia, China, Redmond, Washington, OpenAI, Russian, Ukraine, France, Malaysia

☆ Russia's military alliances are giving it a major edge — just as Ukraine's are faltering
▼ + stars: | 2024-02-14 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +6 min

A closer relationship with ChinaChina and Russia have deepened their military ties in recent years with the help of arms sales and joint military exercises. It has hosted Russian military drills, soldiers, and equipment, and enabled the transportation of Russian weapons close to Ukraine's borders. The situation is looking bleak for UkraineThe support from Russia's allies matters, especially when paired with the country's soaring defense budget. Its military appears to have a major edge over Ukraine as the country's financial and military support from its allies is faltering. Meanwhile, on Tuesday, the Senate passed a $95 billion emergency defense-aid bill that could support Ukraine, Israel, and Tawain — but the bill is expected to face stiff opposition by Republicans, BI previously reported.

Persons: —, That's, Vladimir Putin, Mikhail Klimentyev, Nils Andreas Stensones, Stensones, Trump, Putin, YURI KADOBNOV, Patrick Bury Organizations: Ukraine, Service, Norway's Intelligence Service, Sputnik, Moscow Times, UN, North, European Council, Foreign Relations, UK's Ministry of Defence, Reuters, University of Bath, Putin, Trump, Republicans Locations: Russia, Ukraine, China, Belarus, Iran, North Korea, Europe, Ukrainian, China China, Japan, Russian, Ukraine's, Helsinki, Israel

☆ Canadian Ex-Intelligence Official Is Sentenced to 14 Years Over State Secrets
▼ + stars: | 2024-02-07 | by ( Ian Austen | ) www.nytimes.com time to read: +1 min

A former civilian director of an elite intelligence unit in the Royal Canadian Mounted Police was sentenced to 14 years in prison on Wednesday after his conviction last year of giving confidential operational information to four men who were targets of police investigations. Mr. Ortis will get credit for the six and a half years he had spent in jail while awaiting trial and following his conviction in November. The case was the first time that charges under Canada’s 1985 Security of Information Act had been brought to trial. The act’s provisions meant that Mr. Ortis was “permanently bound to secrecy,” therefore his testimony was conducted in secret with only censored transcripts made public. Other evidence has been kept secret.

Persons: Cameron Ortis, Ortis, ” Organizations: Royal Canadian Mounted Police

☆ Family offices are booming. Here's where they're putting their money now — and in the next 5 years
▼ + stars: | 2024-02-02 | by ( Weizhen Tan | ) www.cnbc.com time to read: +6 min

Family offices have boomed in the last few years, thanks in part to the growing number of wealthy individuals. Family offices typically cater to investors with $100 million or more in net worth. Themes for the coming years What type of assets are family offices looking to buy in the next few years? Other themes that family offices are bullish on include health care and longevity, the energy transition and generative artificial intelligence, said Citi's Hofmann. Alternative assets are also becoming more popular with family offices, such as private equity, private debt and infrastructure, according to the providers.

Persons: There's, Hannes Hofmann, Citi's, That's, Robin Harris, Harris, Citi's Hofmann, Ocorian's Harris Organizations: Oxfam, Economist Intelligence, KPMG, UBS, CNBC, CNBC Pro, Citi, Tech, Equity, U.S . Federal Reserve Locations: United States, Asia, India, Europe, America, U.S, Ocorian, Japan, Middle East, Africa, Pacific, North America, —

☆ The global cities with the best quality of life show how dire the affordability crisis is
▼ + stars: | 2024-02-01 | by ( Eliza Relman | ) www.businessinsider.com time to read: +4 min

AdvertisementLiving in a global city with a high quality of life is increasingly reserved for the wealthiest. The world's most liveable cities — for the wealthyThe rising cost of housing, food, and other household goods is helping worsen the affordability crisis in these cities. Vienna, for example, has kept housing costs remarkably low through its generous social housing system. The average studio apartment in Zurich costs $1.1 million and the average home across the country costs $1.4 million, the Times reported. Like in many American cities, a severe housing shortage in cities like Zurich and Geneva is also contributing to rising home costs.

Persons: —, EIU Organizations: Service, Economist's Intelligence, The New York Times, Times, Swiss Locations: Zurich, Copenhagen, Vienna, Austria Copenhagen, Denmark Melbourne, Australia Sydney, Australia Vancouver, Canada Zurich, Switzerland Geneva, Switzerland, Calgary, Canada, —, Geneva, Singapore, New York, Hong Kong Los Angeles Paris, France Copenhagen, Tel Aviv, Israel, Vancouver, Sydney, Paris

☆ Ukraine war live updates: Drone warfare intensifies as Moscow and Kyiv report attacks; Chinese and Ukrainian officials meet
▼ + stars: | 2024-01-30 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Members of the 'Paragon' military division, part of the 'Tymur' military intelligence unit of the Armed Forces of Ukraine, prepare rifles during shooting exercises in an unspecified location in Ukraine, on Monday, Jan. 29, 2024. Regional officials in both Russia and Ukraine have reported a series of attempted drone attacks against their territories overnight. Meanwhile, Ukraine's air force said air defense systems destroyed 15 out of 35 Russian drones that had been launched at Ukrainian energy and military infrastructure within the Mykolaiv, Sumy, Cherkasy, Kirovohrad, Dnipropetrovsk, Kharkiv, Kherson and Kyiv regions. Two missiles were also launched by Russian forces in the Donetsk region. In other news, China Vice Foreign Minister Sun Weidong met with Ukrainian ambassador to China Pavlo Riabikin on Tuesday, with the officials exchanging views on issues of common concern, including the Ukraine crisis, the Chinese Foreign Ministry said in a statement.

Persons: Sun Weidong, China Pavlo Riabikin Organizations: Armed Forces of, Russian, China, Foreign, Chinese Foreign Ministry Locations: Armed Forces of Ukraine, Ukraine, Russia, Bryansk, Kaluga, Tula, Sevastopol, Crimea, Russian, Mykolaiv, Sumy, Cherkasy, Kirovohrad, Dnipropetrovsk, Kharkiv, Kherson, Kyiv, Donetsk, China

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