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☆ China’s international students under pressure as economic uncertainty looms
▼ + stars: | 2024-05-15 | by ( Ulrica Lin | ) www.cnbc.com time to read: +2 min

As a growing number of overseas Chinese students run into financial difficulties due to the declining wealth of their families, many go online to express their grief and seek advice on how to cope with the situation. The 24-year-old Chinese student is currently studying design in an undergraduate program at a university in Alabama. Her parents have so far spent 1.5 million Chinese yuan, or about $211,500, to fund her overseas studies and living expenses. But in October last year, her parents told her they were facing cash flow problems and could no longer offer her financial support. "I didn't have time to feel sad because I needed to make money to pay for my tuition fees and rent as soon as possible," Zhang told CNBC in Mandarin.

Persons: Xiao Zhang, Zhang Organizations: New Oriental Education, CNBC Locations: Alabama, U.S

☆ Asia markets track Wall Street gains ahead of key U.S. inflation data
▼ + stars: | 2024-05-15 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

Employees work in the trading room inside the Mitsubishi UFJ Trust and Banking head office in Tokyo, Japan, on Tuesday, March 19, 2024. Asia-Pacific markets opened higher Wednesday, tracking Wall Street gains overnight that saw the Nasdaq Composite index hit a fresh record closing high despite strong inflation data. The producer price index reading for April came in at 0.5%, above the 0.3% that economists polled by Dow Jones had expected. The initial market reaction was negative but stocks subsequently rose as March wholesale prices were revised down to show a 0.1% decline. Markets in South Korea and Hong Kong were shut on Wednesday for a public holiday.

Persons: Dow Jones Organizations: Mitsubishi UFJ Trust, Banking, Nasdaq Locations: Tokyo, Japan, Asia, Pacific, South Korea, Hong Kong

☆ These are Goldman Sachs' favorite stocks with 50% or more upside
▼ + stars: | 2024-05-15 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

'Conviction list' stocks with big upside Investors still looking for quality names with more upside may want to consider names in Goldman's conviction lists — directors' cut. CNBC Pro scoured Goldman's May conviction lists for stocks with further upside of 50% or more, based on the bank's price targets. Goldman gave it a price target of $35, implying 107% upside. Goldman gave it a price target of 37 euros ($40), implying 64% upside. The bank gave the stock a price target of 380,000 Korean won ($277), or potential upside of 94%.

Persons: Stocks, Goldman Sachs, Peter Oppenheimer, Goldman, Neste, — CNBC's Michael Bloom Organizations: Dow Jones, U.S . Federal, Fed, CNBC, Europe's, Energy, Korean Locations: 1Q24, United States, Europe, Asia, Korean

☆ Red Lobster could file for bankruptcy this month following the closure of 50+ stores: WSJ
▼ + stars: | 2024-05-15 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +1 min

Red Lobster could file for Chapter 11 bankruptcy protection next week, per The Wall Street Journal. Red Lobster blamed some of its financial struggles on an all-you-can-eat shrimp promotion. AdvertisementRestaurant chain Red Lobster could file for bankruptcy protection as early as next week, The Wall Street Journal reported on Tuesday. Bloomberg previously reported in April that the restaurant company was considering filing for Chapter 11 bankruptcy protection . States that will see Red Lobster closures include California, Colorado, Florida, New York, and Texas.

Persons: —, TAGeX Brands Organizations: Street, Service, Bloomberg, TAGeX, Business Locations: Orlando, California , Colorado , Florida , New York, Texas

☆ Is meme trading back? These 4 stocks could benefit from a retail investor boom
▼ + stars: | 2024-05-15 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

Whether retail investors profit from their bets on GameStop and AMC Entertainment or not, one group of companies looks set to cash in from the frenzied trading: stock exchanges. So-called meme stocks, which gained popularity through social media platforms like Reddit and Twitter (or X), have attracted retail investors looking to make a quick profit. Through this new innovative offer, we will offer retail investors a true one-stop-shop experience for equity trading," he said in May 2023. "The rise of retail options trading is another secular trend we're excited to build on with more platforms coming online for index options trading later this year, giving retail investors expanded access to our products," Howson said on an earnings call to analysts this month. ICE, which owns the New York Stock Exchange and several other exchanges, offers trading in stocks, bonds, commodities, currencies and derivatives.

Persons: Eric Leupold, Deutsche Boerse, Benjamin Goy, Stéphane Boujna, FactSet, David Howson, Howson, Oppenheimer, Hannah Gooch, Peters, Marco Iachini , Organizations: GameStop, AMC Entertainment, Twitter, Deutsche Borse AG Deutsche Börse, Frankfurt Stock Exchange, Corona, Deutsche Börse, DB1, Deutsche Bank, Global Equity, Cboe, Wall Street, Intercontinental Exchange, Sanlam Investments, ICE, New York Stock Exchange, Vanda Locations: Germany, U.S, Switzerland, Italy, Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo, Paris, France, Portugal, Europe

☆ China's economy reveals pockets of softness. Here's what to watch ahead of Friday's data
▼ + stars: | 2024-05-15 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

The National Bureau of Statistics is due to release data on retail sales, industrial production and fixed asset investment for April on Friday. Some of the weakness speaks to genuine sluggish demand in China at present. The firm expects this week's economic data releases to show a "softening in economic momentum," affirming its forecasts for the central bank to cut rates by the end of June. "Some of the weakness speaks to genuine sluggish demand in China at present," said Hui Shan, Goldman Sachs' China chief economist, in a note Sunday. Businesses' loan demand fallsNew bank loans to businesses and government organizations dropped sharply in April from March, as did new loans to households, according to official data accessed through Wind Information.

Persons: Hui Shan Goldman Sachs, Louise Loo, Goldman Sachs, Hui Shan, Goldman, RRR, Pan Gongsheng Organizations: Visual China, Getty, BEIJING, National Bureau, Statistics, Reuters, Finance, Oxford Economics, People's Bank of, Information, Clocktower, CNBC Locations: Lianyungang, Jiangsu Province, China, —, Beijing, People's Bank of China

☆ Portal project: ‘Inappropriate’ behavior shuts down Dublin to New York City connection
▼ + stars: | 2024-05-14 | by ( Marnie Hunter | ) edition.cnn.com time to read: +4 min

Less than a week after two public sculptures featuring a livestream between Dublin, Ireland, and New York City debuted, “inappropriate behavior” in real-time interactions between people in the two cities has prompted a temporary shutdown. The creators of the sculptures are now “investigating possible technical solutions to inappropriate behaviour by a small minority of people in front of the Portal,” according to a statement from the Dublin City Council. “Dublin City Council had hoped to have a solution in place today, but unfortunately the preferred solution, which would have involved blurring, was not satisfactory,” the City Council said late Tuesday. The Dublin-New York city pairing isn’t the first real-time bridge between cities through these sculptures. The first Portals, according to the organization’s website, linked Vilnius, Lithuania, with Lublin, Poland, in 2021.

Persons: Niall Carson, ”, Benediktas Gylys, Daithí, de Róiste, “, De Róiste Organizations: CNN, New York City, Dublin City Council, City Council, Dublin, AP Organizers, Flatiron NoMad Partnership, Flatiron, Public, Broadway, Fifth, Dublin’s, Mayor, Róiste’s, Smart Locations: Dublin, Ireland, New, New York, “, York, Poland, Brazil, Lithuania, City, Vilnius, Lublin

Attorneys were at a sidebar as prosecutor Susan Hoffinger began asking Michael Cohen about a Wall Street Journal story from 2018 on American Media Inc., the payments and Cohen's conversation with ex-National Enquirer publisher David Pecker. "David was very concerned because it was going to affect AMI, it was going to affect him," Cohen said. Cohen says he told Pecker: "I told him that matter was going to be taken care of, and the person of course who was going to be able to do it was Jeff Sessions," who was attorney general at the time. Cohen testifies that he told Pecker that because "that was post my conversation with the president." Hoffinger confirmed with Cohen that he had already had a conversation with Trump about it at that point.

Persons: Susan Hoffinger, Michael Cohen, David Pecker, David, Cohen, Merchan, Pecker, Jeff Sessions, Hoffinger, Trump Organizations: American Media Inc, National Enquirer, AMI

☆ Live updates: Russia's war in Ukraine, Blinken in Kyiv at crucial point
▼ + stars: | 2024-05-14 | by ( Ivana Kottasová | Michelle Shen | ) edition.cnn.com time to read: +1 min

Ukraine's President Volodymyr Zelensky told US Secretary of State Antony Blinken that his country urgently needs more air defenses as it faces increased attacks from Russia in the east. "Air defense (is) the biggest deficit for us. I think that the biggest problem is ... today we really need two Patriots for Kharkiv region because there are people under attack: civilians and warriors. They are under Russian missiles," Zelensky told reporters ahead of his meeting with Blinken. "Instead, Russian forces are exploiting the degradation of Ukraine’s air defense umbrella caused by continued delays in Western security assistance and appear to be leveraging tactical adaptations stemming from several months of Russian efforts to test Ukrainian air defenses," the Washington-based group said in a report.

Persons: Volodymyr Zelensky, Antony Blinken, Zelensky Organizations: Patriots, Ukraine Locations: Russia, Kharkiv, Russian, Washington

☆ Live updates: Israel-Hamas war, Rafah invasion looms, Gaza aid crisis worsens
▼ + stars: | 2024-05-14 | by ( Heather Chen | ) edition.cnn.com time to read: +2 min

A damaged United Nations vehicle is seen in front of a hospital after a UN employee was killed in an attack on a vehicle in Gaza, according to Israeli media. The White House believes an Israeli ground offensive in Rafah would be a mistake and is “urgently” working toward a ceasefire, National Security Adviser Jake Sullivan said Monday. The Biden administration is urging Israel to connect their military operations to a “clear” end game for the war, Sullivan told reporters. Hamas treated in Turkey: Turkish President Recep Tayyip Erdogan said that "more than 1,000 Hamas members are currently under treatment" in Turkish hospitals. Aid ransacked: Israeli activists opposed to helping Palestinians in Gaza intercepted and ransacked an aid shipment.

Persons: Ali Jadallah, Jake Sullivan, Biden, Sullivan, Recep Tayyip Erdogan Organizations: United Nations, UN, Getty, Israel, American, CNN, National, State Department, Hamas, enclave's Health Ministry, West Bank, Palestinian Authority . United Nations Locations: Gaza, Anadolu, Gaza's, Rafah, Israel, Palestinian, Turkey, Turkish, Jordan

☆ The Vietage: New luxury train route in Vietnam offers stunning coastal views, afternoon tea
▼ + stars: | 2024-05-14 | by ( Karla Cripps | ) edition.cnn.com time to read: +4 min

The first “The Vietage by Anantara” luxury train carriage launched in 2020 – a six-hour journey connecting Da Nang and Quy Nhon. Courtesy Anantara“The main difference is that the new route connecting Nha Trang and Quy Nhon passes through many more coastal areas than the journey between Da Nang and Quy Nhon,” says Jones. For the six-hour journeys between Da Nang and Quy Nhon, passengers are served a pre-ordered three-course gourmet meal. The Quy Nhon-Nha Trang route includes an afternoon tea set. The original route departs from Da Nang Train Station at 8 a.m., arriving at Quy Nhon’s Dieu Tri Station at 2:03 p.m.

Persons: –, Kate Jones, ”, Jones Organizations: CNN, Dieu Tri Train Station Locations: Vietnam, Na Trang, Da Nang, Quy, Nha Trang, Trang, Thevietagetrain.com, Dieu Tri, Quy Nhon, Quy Nhon’s Dieu Tri, Southeast Asia

☆ Walmart to reportedly lay off hundreds of corporate staff and relocate others
▼ + stars: | 2024-05-14 | by ( ) www.cnbc.com time to read: +1 min

Walmart is cutting hundreds of corporate jobs and asking most remote workers to move to offices, the Wall Street Journal reported on Monday, citing people familiar with the matter. Walmart will still let staff work remotely part time, as long as they are in offices a majority of the time, the report said. Walmart employed approximately 2.1 million associates as of Jan. 31, 2024, according to regulatory filings. In February 2023, it shut three of its U.S. technology hubs and asked hundreds of workers to relocate to keep their jobs, pushing for more employees to report to work from office. Walmart didn't immediately respond to a Reuters request for comment.

Persons: Walmart didn't Organizations: Walmart, Wall Street Locations: Dallas , Atlanta, Toronto, Bentonville, Hoboken, Southern California

☆ Fintech firm Klarna says 90% of its employees are using generative AI daily
▼ + stars: | 2024-05-14 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Swedish financial technology company Klarna said Tuesday that nearly 9 out of 10 employees in its 5,000-strong workforce are now using generative artificial intelligence tools in their daily work. Klarna, which lets individuals split their purchases into interest-free, monthly installments, said over 87% of its employees are using generative AI tools, including OpenAI's ChatGPT and its own internal AI assistant. The biggest users of generative AI in the company are those in non-technical groups, such as communications (92.6%), marketing (87.9%) and legal (86.4%), Klarna said. At those rates, Klarna is seeing much higher adoption of generative AI within the company than in the broader corporate world. Klarna has its own internal AI assistant, called Kiki.

Persons: Klarna, OpenAI's, Kiki Organizations: Deloitte

☆ Fossil Catches Starfish Cousin in the Act of Cloning Itself
▼ + stars: | 2024-05-14 | by ( Jack Tamisiea | ) www.nytimes.com time to read: +1 min

Some brittle stars give an arm and a leg (and still another appendage) to reproduce. This process, known as clonal fragmentation, is practiced by almost 50 species of existing brittle stars and their starfish relatives. However, scientists have found it difficult to determine when brittle stars, a gangly group of echinoderms, started reproducing this way. A recently discovered fossil from Germany pushes the origin of cloning sea stars back more than 150 million years. The specimen, he added, shows that “clonal fragmentation is actually much older than people previously thought.”

Persons: ”, Ben Thuy Organizations: Royal Society, National Museum of Locations: Germany, Luxembourg

☆ Orcas sink sailing yacht in Strait of Gibraltar
▼ + stars: | 2024-05-14 | by ( Story Reuters | ) edition.cnn.com time to read: +1 min

Reuters —An unknown number of orcas have sunk a sailing yacht after ramming it in Moroccan waters in the Strait of Gibraltar, Spain’s maritime rescue service said on Monday, a new attack in what has become a trend in the past four years. The passengers reported feeling sudden blows to the hull and rudder before water started seeping into the ship. After alerting the rescue services, a nearby oil tanker took them onboard and transported them to Gibraltar. The incident is the latest example of recurring orca rammings around the Gibraltar Strait that separates Europe from Africa and off the Atlantic coast of Portugal and northwestern Spain. Although known as killer whales, endangered orcas are part of the dolphin family.

Organizations: Reuters Locations: Strait, Gibraltar, Cognac, Europe, Africa, Portugal, Spain

☆ U.S. energy panel approves rule to expand transmission of renewable power
▼ + stars: | 2024-05-14 | by ( ) www.cnbc.com time to read: +6 min

Republican Mark Christie opposed the rule, dismissing it as a gift to solar and wind power operators. Many power companies and Republican-led states don't want to spend money on new transmission lines or upgrades for renewable energy, creating conflicts with Democratic states that have ambitious clean-energy goals. The rule is intended to streamline how power lines are sited and how costs are shared between states. It could accelerate construction of new transmission lines for wind, solar and other renewable power and add huge amounts of clean energy to the grid. The new rule "will improve regional transmission planning, break down barriers to grid buildout and support the delivery of more affordable and reliable power,″ Zaidi said.

Persons: Joe Biden's, Willie Phillips, Allison Clements, Republican Mark Christie, Phillips, Christie, ″, Biden, Ali Zaidi, ″ Zaidi, Clements, Heather O'Neill, Chuck Schumer, Schumer Organizations: Federal Energy Regulatory Commission, Democratic, Republican, Energy Department, FERC, Advanced Energy Locations: Washington, U.S

☆ Tiny backpacks reveal newfound species of the world’s largest hummingbird
▼ + stars: | 2024-05-14 | by ( Ashley Strickland | ) edition.cnn.com time to read: +9 min

Now, new research has revealed that there are two distinct species of giant hummingbird in South America — the northern giant hummingbird that lives year-round in the Andes, and the migratory southern giant hummingbird — and they have been evolving separately for millions of years. A southern giant hummingbird is seen flying from its breeding grounds in central Chile. “We wanted to finally solve this mystery.”Designing backpacks for hummingbirdsGiant hummingbirds differ from hundreds of other hummingbird species in many other ways. A southern giant hummingbird is fitted with a tiny backpack-like geolocator tracking device in central Chile. “The two forms of giant hummingbird look almost identical — for centuries, ornithologists and birders never noticed that they were different.

Persons: Charles Darwin, Darwin, Chris Witt, ”, Jessie Williamson, “, ” Williamson, Emil Bautista, Williamson, Christopher Witt, birders, ” Witt, chaskis, “ I’m Organizations: CNN, HMS, National Academy of Sciences, National Science Foundation, Cornell, of Ornithology, Swifts, Centro, Biology, Museum of Southwestern, University of New Locations: New York City, Buenos Aires, South America, Chile, Ithaca , New York, Peru, Biodiversidad, Lima, Peruvian, Chilean, University of New Mexico, Inca

☆ 'The Lord of The Rings: The Rings of Power' season 2 arrives this summer. Here's everything we know so far.
▼ + stars: | 2024-05-14 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +1 min

Warning: Spoilers ahead for "The Lord of the Rings: The Rings of Power" season one. The season two trailer shows Sauron (Charlie Vickers) causing chaos in Middle-earth. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSauron is making his return to Middle-earth in the second season of "The Lord of The Rings: The Rings of Power", where the Dark Lord will be front and center. This story is available exclusively to Business Insider subscribers.

Persons: Charlie Vickers, —, Galadriel Organizations: Amazon Prime, Service, Business

☆ Google's Gmail of the future looks incredible
▼ + stars: | 2024-05-14 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

Read previewOne of the big takeaways from Google's big developer conference on Tuesday was just how incredible Gmail looks like it's about to get. But the coming updates and seemingly smooth integration of Google's AI model Gemini could take Gmail to the next level. AdvertisementQ&AThe Q&A function allows Gmail users to simply ask a question that Gemini can answer by referencing all of their emails and attachments. AdvertisementIntegration into other Workspace productsGoogle also showed just how well integrated the Gmail of the future could be with other Workspace products, like Google Sheets. Overall, Google's demonstrations showed just how impressive AI-powered features could be in Gmail.

Persons: —, Aparna Pappu, Pappu, Gemini, Gemini's Organizations: Service, Gmail, Business, Google, Knicks, Gemini

☆ Alice Munro, Nobel Prize winner and ‘master of the short story,’ dies aged 92
▼ + stars: | 2024-05-14 | by ( Yahya Salem | ) edition.cnn.com time to read: +6 min

CNN —Alice Munro, the Nobel Literature Prize winner best known for her mastery of short stories and depictions of womanhood in rural settings, has died in Ontario, Canada, at the age of 92. The news was confirmed to CNN “with great sadness” by a spokesperson at her publisher, Penguin Random House. It largely sets the tone for Munro’s prose; semi-autobiographical in nature and exploring the universality of the human urge for self-discovery, love, and independence, through the mundanity of everyday life in small, rural communities. Alice Munro, left, and Margaret Atwood at the National Arts Club in February 2005. Munro’s mastery of short stories and literature has been lauded by many of her contemporaries.

Persons: Alice Munro, Munro, “, Emily Brontë, Charles Dickens, Lucy Maud Montgomery, ”, ” Stephen Pearson, James Munro, Catherine, Eudora Welty, Flannery O’Connor, Carson McCullers, —, General’s, ” Munro, Margaret Atwood, Atwood, Diane Bondareff, James Wood Organizations: CNN, Penguin Random, “ The Paris, Guardian, Fairfax Media, University of Western, CBC, Yorker, National Arts Club, Literature Locations: Ontario, Canada, Wingham , Ontario, ”, University of Western Ontario, Vancouver, Victoria, Canadian, Russian

“Sounds like something I would say,” responded Cohen, Trump’s former lawyer and fixer. The question set the tone for the cross-examination of the Manhattan district attorney’s key witness in the hush money trial against the former president. For roughly two hours, Blanche began a cross-examination to try to discredit Cohen’s allegations against Trump. Blanche then asked whether Cohen called Trump a “Cheeto-dusted cartoon villain.”“That also sounds like something that I said,” Cohen said. “You were telling the truth, correct?” Blanche asked in regards to the compliments Cohen gave Trump.

Persons: Donald Trump’s, Todd Blanche, Michael Cohen, Blanche, Cohen, Cohen “, ”, Trump’s, Stormy Daniels, Trump, Daniels, Joshua Steinglass, Juan Merchan, ” Cohen, “, Donald Trump, ’ ” Cohen, Trump Blanche, ” Blanche, Blanche . Trump, Robert Mueller’s, Jay Sekulow, –, Susan Hoffinger, Florida Sen, Rick Scott, Sen, J.D, Vance of Ohio, Doug Burgum, Mike Johnson, Byron Donalds, Cory Mills, Vivek Ramaswamy, Johnson, Lara Trump, Eric Trump, ” Ramaswamy, ” Trump Organizations: CNN, Trump, Trump . Assistant, Trump –, Federal, Commission, FBI, Trump Organization, North Dakota Gov, Republican National Committee Locations: Manhattan, Russia, United States, New York, Florida, Louisiana

☆ Walmart is cutting hundreds of corporate jobs, relocating majority of remote office staff
▼ + stars: | 2024-05-14 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +1 min

New York CNN —Walmart said Tuesday it is eliminating several hundred corporate jobs and will relocate most of its remaining remote office staff to its Bentonville, Arkansas, headquarters. Walmart confirmed the move in a memo sent by Donna Morris, its chief people officer, to employees on Tuesday and obtained by CNN. The relocation will impact the majority of workers in Walmart’s Dallas, Atlanta and Toronto offices. While most relocations will be to its Bentonville headquarters, some workers will be relocated to Walmart offices in the San Francisco Bay Area or to Hoboken, New Jersey, and the New York area. “In addition, some parts of our business have made changes that will result in a reduction of several hundred campus roles,” Morris said in the memo.

Persons: Donna Morris, Morris, ”, ” Morris Organizations: New, New York CNN, Walmart, CNN, San Francisco Bay Area Locations: New York, Bentonville , Arkansas, Walmart’s Dallas, Atlanta, Toronto, Bentonville, San Francisco Bay, Hoboken , New Jersey

☆ Gareth Southgate eyes defining moment ahead of possible last dance at Euro 2024 with England
▼ + stars: | 2024-05-14 | by ( Amanda Davies | Aleks Klosok | ) edition.cnn.com time to read: +9 min

It’s ultimately where you’re judged and these are the opportunities to make history,” Southgate told CNN Sport’s Amanda Davies. Clive Rose/Getty ImagesAnd then one heart-breaking step closer – a penalty shootout loss to Italy in the final of Euro 2020. Laurence Griffiths/Getty ImagesWhen asked whether it was indeed the best chance, Southgate replied: “It’s the next chance, so we’ll only know afterwards whether it was the best chance. Lee Smith/Action Images/ReutersIndeed, Southgate is no stranger at having to navigate the hostile dynamic that has often existed between the England team and the British media. “When you’re on the cusp on a tournament like this then every hour you’re thinking about the team, nothing else.

Persons: Gareth Southgate, He’s, It’s, you’re, ” Southgate, Amanda Davies, “, we’ll, Southgate, Luka, Clive Rose, ”, you’ve, Jadon Sancho, Laurence Griffiths, Trent Alexander, Arnold, Jude Bellingham, Phil Foden, Harry Kane, We’ve, they’re, Lee Smith, effacing Southgate, “ Don’t, hadn’t, Nick Potts, ‘, Sam Allardyce’s, “ I’ve, I’ve, I’m, There’s Organizations: CNN, England, Malta, Germany, England’s Football Association, Lions, Manchester United, Southgate, English, Middlesbrough Locations: Germany, Luka Modrić, Croatia, Italy, Russia, England, France, ” England, Southgate, British, “

☆ Biden signs bill banning imports of Russian uranium for nuclear fuel
▼ + stars: | 2024-05-14 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Ready-to-ship canisters filled with enriched uranium at the Urenco USA uranium enrichment facility near Eunice, New Mexico, US, on Tuesday, July 11, 2023. Russia's invasion of Ukraine is forcing the US and Europe to search for alternative sources of enriched uranium to power their reactors. The United States will ban imported Russian uranium starting on Aug. 11, the U.S. Department of Energy announced Tuesday. "Our nation's clean energy future will not rely on Russian imports," U.S. Energy Secretary Jennifer Granholm said in a statement. "Banning imports of Russian uranium will jumpstart America's nuclear fuel industry, further defund Russia's war machine, and help revive American uranium production for decades to come," Barrasso said in a statement on Monday after the bill's enactment.

Persons: Joe Biden, Jennifer Granholm, Sen, John Barrasso, Barrasso, Anatoly Antonov, Biden, – Organizations: U.S . Department of Energy, Department of Energy, U.S, Exchange, Uranium, Uranium Miners, U.S . Energy, U.S ., Energy, Natural Resources Locations: Eunice , New Mexico, Russia's, Ukraine, Europe, United States, Russia, U.S

☆ Behind the curtain of the global arms trade
▼ + stars: | 2024-05-14 | by ( Momo Takahashi | ) www.businessinsider.com time to read: +7 min

In his new book, "Nothing Personal: The Back Office of War," photographer Nikita Teryoshin lifts the veil on the global arms trade, capturing defense exhibitions worldwide. Closed to the public, his series offers a rare inside look into the lucrative global arms industry. Guests, politicians, and traders watch a live demonstration of warfare at the International Defense Exhibition in Abu Dhabi. After the construction and the oil and gas sectors, the global arms trade is one of the most corruption-prone sectors in the world, according to Transparency International. By contrast, the international trade of bananas is more tightly regulated than the arms trade, according to the introductory note of the United Nations Arms Trade Treaty.

Persons: Nikita Teryoshin, Teryoshin, Rafael, KAI, Lockheed Martin Organizations: Business, International Defense, Bofors, International Defense Industry, International Defense Exhibition, Rafael Advanced Defense Systems, United Nations Arms, Black Eagles, Nikita, Kalashnikov, Lockheed Locations: East, Ukraine, France, Paris, United States, China, Abu Dhabi, Russia, India, Poland, UAE, Saudi Arabia, Peruvian, Lima , Peru, Korean, Seoul

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