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☆ Russia's fearsome S-400 air-defense system isn't quite living up to the hype in Ukraine
▼ + stars: | 2024-05-21 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +13 min

Russian S-400 surface-to-missile systems in the Victory Day parade in Moscow's Red Square on i in May 2023. Ukraine in September said it destroyed two Russian S-400 batteries in Crimea, a region annexed by Russia in 2014. Rajan Menon, the director of the Grand Strategy program at the US think tank Defense Priorities, described the S-400 as Russia's "top-of-the-line air defense system." A rocket launches from a S-400 missile system at the Ashuluk military base in Southern Russia in September 2020. A Patriot air defense system test-fired during a training in Chania, Greece, on November 8, 2017.

Persons: —, Fredrik Mertens, John Hoehn, it's, Hoehn, AP Mertens, Mertens, Ian Williams, Mattias Eken, Rajan Menon, Vitaly Nevar, Mick Ryan, you've, DIMITAR DILKOFF, Ryan, haven't, hasn't, KIRILL KUDRYAVTSEV, might've, Eken, Anthony Sweeney, Army Menon Organizations: Service, Business, Hague, Strategic Studies, NATO, SA, International Institute for Strategic Studies, US Patriot, Reuters, RAND Corporation, Ukrainian Air Force, Forbes, Directorate of Intelligence, Ministry of Defence, South Korea Defense Ministry, AP, Patriots, Storm, Missile Defense, Center for Strategic, International Studies, Defense, REUTERS, Australian Army, Getty, Victory Day, Patriot, Army Locations: Russian, Ukraine, Ukrainian, Russia, Moscow, Crimea, Screengrab, Soviet, US, Russia's, Ukraine's Luhansk, South Korea, Kaliningrad, Southern Russia, AFP, Chania, Greece, United States, West, NATO

☆ Financial companies are getting creative about annuities
▼ + stars: | 2024-05-18 | by ( Samantha Delouya | ) edition.cnn.com time to read: +7 min

It’s fueling a huge rollout of new retirement products — but they’re not all golden tickets. “We didn’t really save much of anything.”However, jobs offering pension plans are harder to come by compared to previous decades. Over the past 40 years, defined contribution plans, also known as 401(k) plans, have taken their place. Americans currently hold over $7 trillion in 401(k) plans, according to data from the Investment Company Institute, a trade association. These types of retirement plans put the job of saving and investing on the employee.

Persons: CNN —, Jennifer Messina, “ I’m, ” Messina, ” Teresa Ghilarducci, ” Eric Stevenson, Roth, Ghilarducci, you’re, ”, There’s, she’s, we’ll, Messina Organizations: CNN, Alliance for Lifetime, Investment Company Institute, Social Security, Social Security Administration, Federal, The New School for Social Research, BlackRock, Nationwide, Messina Locations: Nutley , New Jersey, BlackRock, New Jersey, South Carolina, North Dakota

☆ The US and Pacific ally Japan are teaming up to defeat new hypersonic missiles that right now are basically unstoppable
▼ + stars: | 2024-05-15 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

Read previewThe US and Japan have agreed to work together to develop a defense system to defeat hypersonic missiles, according to the US Department of Defense. Russian navy frigate Admiral Gorshkov launching a Zircon hypersonic missile in White Sea, Russia, on July 19, 2021. Notably, Pyongyang is also attempting to develop what it says are hypersonic missiles. DF-17 medium-range ballistic missiles equipped with a DF-ZF hypersonic glide vehicle in a military parade to mark the 70th anniversary of the Chinese People's Republic. The allies successfully tested the jointly developed Standard Missile 3 (SM-3) Block IIA interceptor in a February 2017 intercept of a ballistic missile target.

Persons: —, Gorshkov, Zoya Rusinova Organizations: Service, US Department of Defense, Business, Cooperative, US Missile Defense Agency, Japan, Russian Defense Ministry Press Service, AP, China's, Aegis Ballistic Missile Defense, Iran's, Israel Locations: Japan, Russian, Sea, Russia, Pacific, Moscow, Beijing, Pyongyang, Republic, Getty

☆ 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

☆ NATO member Estonia is 'seriously' discussing sending troops to fill non-combat roles in Ukraine, security advisor says
▼ + stars: | 2024-05-14 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Read previewEstonia has been "seriously" discussing sending troops to Ukraine in roles positioned away from the front lines, per a national security official. Advertisement"Discussions are ongoing," Roll told Breaking Defense. Breaking Defense reported that Roll made these comments on Friday, just days after the country's defense chief, Gen. Martin Herem, told the outlet that Estonia had internally talked about sending troops to Ukraine. Related storiesEstonia is one of the geographically closest NATO members to Russia, with an eastern border shared with the Russian regions Pskov and Leningrad. AdvertisementThat's about 1.6% of its total GDP, more than any other nation that has supplied Ukraine with aid.

Persons: —, Madis, it's, Roll, Martin Herem, Herem, Emmanuel Macron, Ingrida Šimonytė Organizations: Service, Defense, Business, Atlantic Treaty Organization, Breaking Defense, NATO, Lithuanian, Financial Times, Kyiv, Kiel Institute Locations: Estonia, Ukraine, Russia, Pskov, Leningrad, Ukraine Tallinn, Baltic States, NATO, Kyiv, Europe, Finland

☆ A 62-year-old boomer without a college degree can't land a higher-paying job — and she doesn't see herself ever being able to fully retire
▼ + stars: | 2024-05-12 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

She anticipates having to work part-time in retirement to supplement Social Security. And I was always counting on Social Security, knowing I can't live on it only, but I just thought it would be more than what it's going to be." Crystal has just over $70,000 in savings, according to documents verified by BI, and she anticipates getting around $1,200 a month in Social Security. AdvertisementIt means that a lot of them will primarily rely on Social Security — and the program is projected to no longer be able to pay out full benefits by 2035 unless Congress intervenes. Related storiesCrystal said that with all of her daily expenses, her finances are strained, and she doesn't think she'll ever be able to fully retire.

Persons: didn't, —, Crystal —, that's, she's, She's, I've, Crystal, they're, Diane Senffner, Senffner, — Crystal, I'm Organizations: Social, Service, Business, Social Security, BI, AARP, Alliance, Lifetime, Security, Bills, Wall, Walmart

☆ A wargame simulated a 2nd Trump presidency. It concluded NATO would collapse.
▼ + stars: | 2024-05-12 | by ( Michael Peck | ) www.businessinsider.com time to read: +9 min

If Donald Trump wins a second term in the White House in November, NATO may fall apart, a recent wargame found. "What Donald Trump can do is just really hollow out what NATO does," Grimble told Business Insider. The UK has traditionally backed a transatlantic, America-Europe alliance rather than a purely European defense bloc. Yet in the game, it could neither persuade Trump to ease his demands, nor the European NATO members to spend more on defense. "Many NATO members — except for France mainly — thought post-Trump it could be salvageable," Grimble said.

Persons: Donald Trump, Trump, Finley Grimble, Grimble, John Bolton, —, SACEUR, Jens Stoltenberg, NICHOLAS KAMM, hadn't, I'm, Florian Gaertner, Russia doesn't, God's, Michael Peck Organizations: Service, House, NATO, EU, US, Business, US National Security, Allied, Europe, Washington, Nato, Getty, European Union, Joint Expeditionary Force, Northern, —, European NATO, Trump, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Europe, Russia, NATO, Ukraine, China, American, United States, Finland, Romania, Poland, Baltic, France, Germany, French, America, Italy, Estonia, British, Turkey, Baltic States, Ukraine stalemated, Moscow, Russian, Kyiv . Europe, Beijing, Taiwan, Japan, Australia, South Korea, Iran, Saudi Arabia, European, Forbes

☆ There’s a surprising bit of good news lurking in the stock market
▼ + stars: | 2024-05-10 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

Traders fear that elevated rates will uphold painfully high borrowing costs for consumers, squeeze corporate profit and weigh down the market. The labor market has stayed strong, consumers have continued spending and stocks have notched repeated record highs. The April jobs report was a welcome sign that the labor market is cooling without cratering. The labor market added just 175,000 positions last month, marking its lowest tally since October 2023 and a sharp cooldown from the upwardly revised 315,000 jobs added in March. First-time applications for unemployment benefits climbed last week to 231,000, the highest level since last August, in another sign that the labor market is cooling.

Persons: “, ”, Jeff Buchbinder, Jerome Powell, ” Powell, April’s, David Russell, Matt Egan, Wally Adeyemo, Read, Diksha Madhok, Narendra Modi, Modi, Mukesh Ambani, Gautam Adani, Ambani, Ji, ” Modi, Rahul Gandhi Organizations: CNN Business, Bell, New York CNN, Federal, Traders, CNN, Fed, LPL, ” Treasury, Treasury, Reliance Industries, Adani, Indian National Congress Locations: New York, Thursday’s, ’, India

☆ A 63-year-old peak boomer said she 'can't even think about retiring' despite having a master's degree and working two jobs
▼ + stars: | 2024-05-09 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Despite having a master's degree, she's concerned about affording rent upon retirement. AdvertisementCathy R., 63, has a master's degree and has worked all her life, though she's very worried for her future. However, even with a master's, she said she couldn't find anything higher-paying than clerical work, as she was constantly told she didn't have enough experience. "How are you supposed to get that experience when all you do is give me clerical work?" "I don't own anything except a car, I always have to rent, but I don't know how seniors on limited income are paying rent," Cathy said.

Persons: Cathy, ALICE, —, Cathy R, she's, We've, ALICE Cathy, hadn't Organizations: Service, Alliance, Lifetime, Income, University of Minnesota, Department of Revenue Locations: Minnesota, Paul, Minneapolis, St

☆ Treasury launches ‘Project Fortress,’ an alliance with banks against hackers
▼ + stars: | 2024-05-09 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

The new public-private partnership, dubbed Project Fortress, underscores the real danger US officials and bank executives believe cyberattacks pose to the economy. But Project Fortress is not just about playing defense. Project Fortress has been in the works for several months, with Treasury rolling out various parts of the alliance in pieces, the source said. One of the key elements of Project Fortress is the cyber hygiene tool run by the Cybersecurity and Infrastructure Security Agency (CISA). The federal government has recently flexed its offensive capabilities, including ones that are part of Project Fortress.

Persons: Wally Adeyemo, Janet Yellen, Adeyemo, Jamie Dimon, Brian Moynihan, Jane Fraser, Robin Vince, ” Vince, Vince, Jerome Powell, ” Adeyemo, Sean Lyngaas Organizations: New, New York CNN, Treasury, CNN, Bank Policy, JPMorgan Chase, Bank of America, Citigroup, BNY, Washington, Industrial, Commercial Bank of China, Infrastructure Security Agency, JPMorgan Locations: New York, Washington

That's because, taken together, the two primary Social Security funds are set to only be able to pay out full benefits through 2035; the Old-Age and Survivors Insurance Trust Fund, one of the main funds comprising Social Security, will start getting depleted in 2033. AdvertisementIn other words, the moment that today's older Gen Xers are ready to retire, their Social Security benefits could start to shrink. Gen Xers — born from 1965 to 1980 — have been deemed the country's "neglected middle child" by the Pew Research Center. And among the different generations, Gen Xers were the most likely to report that they were feeling financially insecure. That could set the stage for the new crop of Gen X retirees to arrive in an already-precarious retirement economy.

Persons: —, Gen X, Xers, Gen Xers —, YouGov —, Gen Xers, X, Gen Zers, Gen, Michele Raneri, aren't, Xer Organizations: Service, Gen, Social Security, Insurance Trust Fund, Business, Security, Pew Research Center, of Congress, Millennials, TransUnion, Survey, Alliance, Lifetime, Income

☆ 2 Chinese EV companies seem to be ganging up on Elon Musk's Tesla
▼ + stars: | 2024-05-08 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

EV company Nio is launching a new affordable EV brand in China. The alliance between the two companies will likely intensify pressure on Tesla in China. BYD will reportedly provide a small battery pack for one version of the Onvo EV, with Chinese battery maker CALB supplying a larger 85-kilowatt-hour battery pack. AdvertisementThe alliance between Nio and BYD will likely intensify pressure on Elon Musk in China, where Tesla sales have slumped amid brutal competition for EVs. Once again, however, he is likely to face stiff competition from BYD and Nio, who are developing their own driving assistance software.

Persons: —, Elon, BYD, confirmeded, Nio, didn't, Musk Organizations: Nio, Service, Tesla's, Elon Musk, Reuters, Business, EV, Elon, EVs, China's Passenger Car Association, Bloomberg, Baidu Locations: China, Europe, Nio, Tesla's Shanghai, Beijing, BYD

☆ In Europe, Xi looks to counter claims it’s aiding Russia in Ukraine
▼ + stars: | 2024-05-07 | by ( Simone Mccarthy | Xiaofei Xu | ) edition.cnn.com time to read: +6 min

“China is neither the creator of the crisis, nor a party to it or a participant. The trip will also see Xi visit Serbia and Hungary, with the leader’s visit to Belgrade coinciding with the 25th anniversary of NATO’s bombing of the Chinese embassy in the city that killed three. Beijing has defended its trade with Russia as part of normal bilateral ties; it also says it does not provide weapons to parties in conflict. It has not been accused of sending lethal weapons to Russia, but rather goods with military use. Beijing supports efforts recognized by both Russia and Ukraine, with “equal and just discussions of all possible peace plans at the conference,” he said.

Persons: Xi Jinping, ” Xi, Emmanuel Macron, Ursula von der, “, ramped, Macron, Xi “, he’s, ”, ” Macron, presser, Xi, Vladimir Putin, von der Leyen, Putin Organizations: Hong Kong CNN, French, European, NATO, Biden, Kyiv Locations: Hong Kong, Ukraine, China, Europe, Moscow, “ China, Paris, Washington, Beijing, Russian, Serbia, Hungary, Belgrade, Serbian, Balkans, Russia, France, “, Israel, Switzerland

☆ China’s booming electric vehicle companies eye U.S. competitors they see as ‘not ready’
▼ + stars: | 2024-05-07 | by ( Janis Mackey Frayer | Jennifer Jett | ) www.cnbc.com time to read: +8 min

Despite lower price tags, Chinese EVs often have more powerful batteries and more advanced technology. The competition among hundreds of Chinese EV makers has spurred rapid innovation. Even Tesla CEO Elon Musk, who made a surprise visit to Beijing last week, has said that without trade barriers Chinese EV makers would "demolish" their competitors. Chinese EVs tend to be smaller, cheaper and more accessible to the masses — BYD's Seagull, a small all-electric hatchback, starts at less than $10,000. It would take time to set up a sales and distribution network, Fields said, and Chinese EV makers could face a perception issue among American consumers.

Persons: They're, Stella Li, America's Tesla, Tesla, BYD, Mark Fields, Elon Musk, Musk, Fields, they've, Li, Biden, Musk's, That's Organizations: Alliance for American Manufacturing, U.S, BYD, NBC News, Western, Communist Party, Ford, International Energy Agency, Western automakers, United States, Lawmakers, World Trade Organization, European, Rhodium Group, EV, China Association of Automobile Manufacturers Locations: China, EVs, U.S, BYD Americas, BYD, Shenzhen, United States, Beijing, Europe, United, Union, Chinese, Mexico, South Korea, Japan

☆ A 62-year-old employed 'peak boomer' in California makes too much for affordable housing but lives in her car: 'I'll work until I drop'
▼ + stars: | 2024-05-06 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Cheryl Simmons, a parking lot attendant, lives in her car but makes too much for affordable housing. She lives in her car, even though she makes about $42,000 a year. She makes slightly too much for a single-room occupancy unit in affordable housing and exceeds the income limit for food stamps and other government assistance. AdvertisementSimmons is one of the 30 million "peak boomers" entering retirement age in the next few years, but most are not financially prepared to retire. A new report from the Alliance for Lifetime Income's Retirement Income Institute found that 52.5% of peak boomers have below $250,000 in assets.

Persons: Cheryl Simmons, Simmons, —, she'll, she's, ALICE —, ALICE, it's Organizations: Service, Alliance, Lifetime, Assistance, Food Locations: San Diego, Albuquerque, California, Texas

☆ Americans will lose full Social Security benefits in 11 years, according to the program's trustees — a year later than expected
▼ + stars: | 2024-05-06 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Full Social Security benefits are expected to run out in 2035, per the program's trustees. AdvertisementAs more Americans fear being unprepared for retirement — and rely solely on Social Security — those full benefits might not be long-lived. Meanwhile, among the income that typical retirees do receive, just under 80% see income from Social Security. The latest estimates on Social Security also come as the US economy braces for a "peak boomer" wave of new retirees. That's the biggest group of boomers retiring yet, and, per that analysis, many will end up having to rely on Social Security benefits to stay afloat.

Persons: That's, —, William Arnone, Martin O'Malley, Kevin Hern Organizations: Security, Social Security, Service, National Academy of Social Insurance, Insurance Trust, Disability Insurance Fund, Social, Survey, Alliance, Lifetime, GOP, Republican

☆ Trump’s bombardment of dishonesty: Fact-checking 32 of his false claims to Time
▼ + stars: | 2024-05-04 | by ( Daniel Dale | ) edition.cnn.com time to read: +43 min

We’re paying for close to 100% of NATO.”Facts First: Trump’s claim is false. They don’t pay their bills.”Facts First: Trump’s claim is false. (It rose to about $314 billion in 2020, Trump’s last full year in office.) Facts First: Trump’s claim is false. Facts First: Trump’s claim that “nobody died other than Ashli” is false.

Persons: Donald Trump, Trump, “, William Barr, Bill Barr, Barr, Bill, I’m, ”, it’s, Biden, Joe Biden, Tamar Hermann, Hermann, Bill Clinton, “ Trump, ” Trump, …, National Guard Trump, I’ve, George Floyd, Tim Walz, Walz, Paul —, –, Erwan, George Washington, “ don’t, they’re, Stoltenberg, Trump’s, Lagadec, Marc Lipsitch, Barack Obama, European Union won’t, Cortellessa, “ Moody’s, Moody’s, Mark Zandi, Zandi, ’ ” Zandi, Joe Biden’s, rioter Ashli Babbitt, Brian Sicknick, Sicknick, Trump’s ‘, patriotically, ‘, patriotically ’, ” Nancy Pelosi, Nancy Pelosi, “ Nancy Pelosi, Pelosi, Christopher Miller, Miller, Eric Cortellessa, Alvin Bragg’s, Bragg, Matthew Colangelo, Colangelo, Alvin Bragg, ” Cortellessa, Hillary Clinton, —, Roe, Wade, Kimberly Mutcherson, “ Donald Trump’s, Maya Manian, Mary Ziegler, Davis, Ziegler, Ruth Bader Ginsburg, Roe should’ve, ’, Crime Biden, don’t, “ Biden, he’s, James Biden, Jeff Asher, Asher, It’s, ” “, ” Asher Organizations: Washington CNN, Time, Trump, NATO, Capitol, Trump’s, Trade Center, didn’t, World Trade Center, Department, ISIS, CNN, Democratic, White House, White, South Korea Trump, Pentagon’s Defense Manpower Data, Biden Administration, Congressional Research Service, Israel, Israeli Democracy Institute, National Guard, Minnesota Democratic Gov, Minnesota National Guard, Guard, North Atlantic Treaty Organization, George Washington University’s Elliott School of International Affairs, Transatlantic, for Disease Control, World Bank, Washington Post, Harvard, Harvard’s, National, Trump -, of Health, Human Services, Strategic, Biden, U.S . International Trade Commission, European, Benz, Volkswagen, BMW, European Union, US, European Automobile Manufacturers ’ Association, Bloomberg Economics, US Capitol Police, Capitol Police, “, Republican, Democratic Rep, National Guardsmen, District of Columbia National Guard, Army, Capitol Police Board, Senate, Justice Department, Pulitzer Foundation, Pulitzer, New York Times, Electoral, Democrat, ” Rutgers Law, American University, university’s Health, University of California, ”, Customs, Border Protection, Crime, Manchurian, Republicans, FBI Locations: “, New York City, Saudi, Florida, al Qaeda, New York, Texas, Mexico, South Korea, Trump , South Korea, South, Korea, Israel, Washington, Trump , Minneapolis, Minneapolis, Trump, Minnesota, St, United States, Germany, Brussels, Belgium, Harvard University, China, EU, DC, Trump’s, ”, York, Manhattan, York’s, Russia, That’s

☆ China’s Xi is visiting Europe for the first time in five years – his goodwill tour will be an uphill struggle
▼ + stars: | 2024-05-04 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +9 min

Major breakthroughs with China’s toughest critics will be hard to come by unless Xi is ready to make surprise concessions. And the trip could instead serve to underscore divisions – not only between Europe and China – but those within Europe that could play to China’s favor, analysts say. Chinese President Xi Jinping and French President Emmanuel Macron visit a garden in Guangdong during Macron's state visit to China last April. Putin has said he plans to visit China this month, according to Russian state media. Xi may also look to highlight Chinese investments in both Belgrade and Budapest in a message to the rest of Europe.

Persons: Xi Jinping, Andrea Bocelli, –, Xi, China –, ”, Noah Barkin, Hungary –, Ursula von der Leyen, Emmanuel Macron, Von der Leyen, Olaf Scholz, Chong Ja Ian, “, Chong, Jacques Witt, China’s, Macron, Russia …, Wang Yiwei, Vladimir Putin, Putin, Aleksandar Vučić, Viktor Orban – Organizations: CNN, European Union, Ukraine, German Marshall Fund of, EU, “, National University of Singapore, Getty, Beijing’s Renmin University, NATO, Reuters, EV Locations: China, Italy, France, Germany, United Kingdom, Russia, “ China, Europe, Berlin, United States, Serbia, Hungary, Beijing, Paris, “ France, North America, Guangdong, Ukraine, Switzerland, Barkin, “, Belgrade, Budapest, Balkans, Balkan

☆ NATO says Russia is carrying out 'malign activities' like sabotage on its member states and will address them
▼ + stars: | 2024-05-03 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

NATO is accusing Russia of "malign activities" in its member states, including Germany and the UK. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe North Atlantic Treaty Organization on Thursday singled out Russia in a statement condemning "recent malign activities" in its member states. The treaty organization said these individuals' actions were part of an "intensifying campaign of activities" carried out by Russia. Amid the heightened tensions, NATO members have increasingly highlighted what they say are Russian clandestine activities in their own governments and institutions.

Persons: —, Emmanuel Macron Organizations: NATO, North Atlantic Council, Service, Atlantic Treaty Organization, North Atlantic, Moscow, Russia's Ministry of Foreign Affairs, Business Locations: Russia, Germany, Czechia, Estonia, Latvia, Lithuania, Poland, Moscow, Ukraine, —, Kyiv, Russian, London, China

☆ A NATO country said it could join Ukraine's war with Russia if 2 conditions are met
▼ + stars: | 2024-05-03 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

His remarks about French soldiers defending Ukraine are among the most hawkish by a Western leader. AdvertisementFrance's President Emmanuel Macron reaffirmed that he would consider sending French troops to Ukraine, and spelled out the conditions in which this could place. He added that if Russia defeats Ukraine it would then likely seek to attack another European country. Related storiesMacron's remarks about sending French troops to defend Ukraine were among the most hawkish by a Western leader. The Kremlin's spokesman, Dmitry Peskov, in response to Macron's earlier remarks, said that deploying NATO troops to Ukraine would lead to war between Russia and the alliance.

Persons: Emmanuel Macron, —, Macron, Vladimir Putin, I'm, Dmitry Peskov, Peskov, Ruth Deyermond Organizations: Service, NATO, Ukraine, RFE, RL, Business Locations: Ukraine, France, Russian, Europe, Russia

☆ A NATO country says it could join Ukraine's war with Russia if 2 conditions are met
▼ + stars: | 2024-05-03 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

AdvertisementFrench President Emmanuel Macron reaffirmed that he'd consider sending French troops to Ukraine and spelled out the conditions in which this could place. He added that if Russia defeated Ukraine, it would then probably seek to attack another European country. Related storiesMacron's remarks about sending French troops to defend Ukraine are among the most hawkish by a Western leader. In response to Macron's earlier remarks, the Kremlin's spokesperson, Dmitry Peskov, said deploying NATO troops to Ukraine would lead to war between Russia and the alliance. Analysts recently discussed with Business Insider the likelihood of Russia attacking NATO, with the Russian-military expert Ruth Deyermond saying Putin's regime was too weak militarily to risk a direct confrontation with NATO.

Persons: Emmanuel Macron, —, Macron, Vladimir Putin, I'm, they've, Dmitry Peskov, Peskov, Ruth Deyermond Organizations: Service, NATO, Ukraine, Russia, Radio Free, Radio Liberty, Analysts, Business Locations: Ukraine, France, Russian, Europe, Russia, Radio Free Europe

☆ Russia may not start an all-out war with NATO, but already has plans to destroy it from within
▼ + stars: | 2024-05-01 | by ( Tom Porter | ) www.businessinsider.com time to read: +9 min

Late last year, Poland's national security agency estimated that Russia could attack NATO within three years. AdvertisementBut whether Putin really does intend to attack NATO and what an attack might look like remains unclear. In March, Putin denied having any plans to attack NATO members, describing such claims as "complete nonsense." "So, his ambition in growing is not going to be that he will attack NATO and NATO countries next year. A covert war is already underwayRussia, some point out, is already engaged in a war with NATO, albeit covertly.

Persons: —, Donald Tusk, Tusk, Putin, Emmanuel Macron, NATO Putin, Philip Ingram, Ingram, Ruth Deyermond, Bryden Spurling, Robert Dover, Spurling, that's, SERGEY BOBOK, Russia's Organizations: Service, Poland's, Business, Bild, NATO, Germany isn't, Ukraine, King's College London, RAND Corporation, University of Hull, European NATO, RAND, Ukrainian Territorial Defence Forces Locations: Europe, Russia, Ukraine, Eastern Europe, Baltic, Estonia, Lithuania, Latvia, Germany, Washington, Russian, NATO, European, Kharkiv, Soviet Union

☆ Biden administration to require advanced safety tech on all new cars and trucks
▼ + stars: | 2024-04-30 | by ( Rob Wile | Tom Costello | ) www.cnbc.com time to read: +3 min

The Biden administration plans to require that all new cars and trucks come with pedestrian-collision avoidance systems that include automatic emergency braking technology by the end of the decade. They will also require braking at up to 45 mph when a pedestrian is detected. Automatic emergency braking "prevents collisions. It said that technologies like automatic emergency braking have proven "game changing" and that automakers have voluntarily committed to install them on new vehicles. Buttigieg acknowledged the technology is still being perfected — one reason the requirement won't take effect until the end of 2029.

Persons: Biden, Pete Buttigieg, Buttigieg, hadn't, Kathleen Rizk, Power's, Rizk Organizations: U.S ., Transportation Department, Alliance for Automotive Innovation, Governors Highway Safety Association, Research, Consumers, Drivers Locations: San Francisco , California

☆ A 63-year-old peak boomer is 'incredibly scared' Social Security won't be enough to cover her expenses in retirement: 'I'll probably need to work until I die'
▼ + stars: | 2024-04-26 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

She's part of the "peak boomer" cohort, most of whom will rely on Social Security in retirement. I was somebody who did really well, and it's very disheartening because I have no idea what's going to happen with retirement," Senffner told BI. "My husband and I are both a year and a half from retirement age, but I think I'll probably need to work until I die because there's no money." Just Social Security isn't going to cover that." And with the Social Security fund set to dry out by the late 2030s — unless lawmakers intervene — Senffner is "incredibly scared" about her future.

Persons: Diane Senffner, She's, —, doesn't, Senffner, she'll, Diane Senffner Senffner, hasn't, it's Organizations: Social Security, Service, Business, Alliance, Lifetime, Income, Security, Survey, Walmart, AARP

☆ AUKUS won't spur a nuclear arms race in the region, says U.S. Under Secretary of State
▼ + stars: | 2024-04-23 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

Tayfun Coskun | Anadolu Agency | Getty ImagesThe trilateral defense and security pact between the Australia, U.K., and U.S. — commonly referred to as AUKUS — is not going to trigger a nuclear arms race in the Indo-Pacific region, said the U.S. China responded at that time, warning of the danger of an arms race as well as nuclear proliferation. watch now"It's very important that countries understand that this is not to create a race — to create any kind of arms' races. Nuclear-powered submarines are allowed under the nuclear non-proliferation treaty and Australia is not going to become a nuclear weapons state," she added. China's responseChina reiterated its warning that Western powers in the AUKUS security pact are provoking division and risking nuclear proliferation in the South Pacific in its latest remarks.

Persons: Joe Biden, Rishi Sunak, Anthony Albanese, Tayfun, Bonnie Denise Jenkins, Jenkins, Wang Wenbin, presser Organizations: Naval Base Point, Anadolu Agency, Getty, U.S, for Arms Control, International Security, International Atomic Energy Agency, South Pacific, Pacific Nuclear, Foreign Locations: Australia, United Kingdom, United States, Naval Base Point Loma, San Diego , California, China, South

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