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☆ India kicks off the world's largest elections this week. Here’s what you need to know
▼ + stars: | 2024-04-18 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +7 min

A worker fixes a flag of the ruling Bharatiya Janata Party on a hoarding of their leader and India's Prime Minister Narendra Modi on April 15, 2024. The 2024 general elections will pan out in seven phases over the next six weeks, starting April 19. India's meteoric riseUnder Modi's rule, India's economy has scaled to new heights. It is now the world's fifth-largest economy with a GDP of $3.7 trillion and has set its sight on becoming the world's third largest economy by 2027. Home to 1.4 billion people, the world's most populous country is the fastest growing economy in the world.

Persons: Narendra Modi, Idrees Mohammed, Hong Kong's, Modi, Suyash Rai, Joe Biden, Chietigj Bajpaee, Biden, Bajpaee, Rahul Gandhi, Rajiv Gandhi, Indira Gandhi, Jawaharlal Nehru, Amitendu Palit, Modi's, R.satish Babu Organizations: Bharatiya Janata Party, India's, Afp, Getty, Voters, Monetary Fund, Carnegie India, CNBC, White, Bloomberg, India, South Asia, Chatham House, BJP, National Democratic Alliance, Indian, Developmental Inclusive, Indian National Congress, Institute of South Asian Studies, National University of Singapore, NDA, Centre, of Foreign Relations, Reuters Locations: Lok Sabha, Lok, Hong, Washington, U.S, India, China, Raipur, Coimbatore

☆ As China's navy grows, the US fleet is on a 'downward trajectory,' maritime expert says
▼ + stars: | 2024-04-13 | by ( Polly Thompson | ) www.businessinsider.com time to read: +9 min

"It's the end of the pacifist period on the seas," Dr Steven Wills of the Center for Maritime Strategy, told Business Insider. The US fleet is still widely considered the world's most powerful navy due to its 11 aircraft carriers and cutting-edge nuclear submarine capabilities. "They're scrapping more ships than they're building, which means the US Navy is on a downward trajectory, not an upward trajectory," said Dr Salvatore Mercogliano, a maritime historian at Campbell University. Another piece of the puzzle is shipbuilding capacity. Expanding American shipbuilding capacity ought to start now, Wills said: "You don't make the arsenal of democracy overnight."

Persons: —, Dr Steven Wills, Gerald R, Ford, Nikos Libertas, Wills, Doug Livermore, Arleigh Burke, Salvatore Mercogliano, Tang Ke, Livermore, Defense Mark Esper, David Sacks, Mercogliano, That's, Xi Jinping, HECTOR RETAMAL, Sacks, I'm Organizations: Service, Center for Maritime Strategy, Business, Navy, US Navy, Campbell University, Naval, People's Liberation Army Navy, Defense, of Naval Intelligence, Council, Foreign Relations, Corpus Christi, Pearl, Naval Shipyard . US Navy, Pacific, of Foreign Relations, CSIS, US, South China, Australia Locations: China, Russia, Ukraine, Virginia, Yantai Port, Asia, America, Japan, South Korea, Los Angeles, Corpus, Taiwan, Beijing, Pingtan, China's, Pacific, Philippines, South

☆ Opinion: Is the US on the brink of another civil war?
▼ + stars: | 2024-03-16 | by ( Opinion Bruce Hoffman | Jacob Ware | ) edition.cnn.com time to read: +11 min

The most dismal assessment, though, is that of Canadian journalist Stephen Marche who, in his 2022 book, The Next Civil War: Dispatches form the American Future, contends that a new American civil war is inevitable. Remember that the United States leads the world — by far — in the number of firearms in private hands. There are an estimated 393 million privately held firearms in the United States — more than one gun per person. In fact, there are more civilian-held guns in the United States than the other top 25 countries in the world combined. Indeed, more guns were purchased in the United States in 2020 — nearly 23 million — than any other year on record.

Persons: Bruce Hoffman, Jacob Ware, Donald Trump, Biden, … ” Bruce Hoffman Michael Lionstar, Barbara F, Walter, ” Jacob Ware Jacob Ware Accelerationism, Barack Obama, Steven Simon, Jonathan Stevenson, “, ”, Stephen Marche, —, Simon, Stevenson, Bois —, Timothy McVeigh, Richard Haass, ” Haass, ” Robert Miles Organizations: of Foreign Relations, Georgetown University, DeSales University, . Press, CNN, Department of Homeland Security, Oklahoma City, National Security, University of Maryland’s Center for Democracy, Washington Post, University of Maryland, “, Capitol, ”, Survey, Foreign, Irish Republican Army, IRA Locations: America ”, Columbia, Texas, Western, America, Northern Ireland, United States, Switzerland, Northern, Ireland

☆ China might have a friendlier face now, but it's not giving up on its aggressive Wolf Warrior diplomacy, experts say
▼ + stars: | 2024-03-03 | by ( Matthew Loh | ) www.businessinsider.com time to read: +9 min

The move has also fueled speculation about the end of Wolf Warrior diplomacy. BRENDAN SMIALOWSKI/AFP via Getty ImagesChina is also aware that the shock value of Wolf Warrior diplomacy brings diminishing returns. "I think the limits of wolf warrior diplomacy are apparent," Loh said. The Wolf Warrior will be backThat said, Wolf Warrior diplomacy will return, depending on the issue at hand, said Loh. LEAH MILLIS/Getty ImagesSo why did Liu tell reporters and academics in New York that Wolf Warrior diplomacy would never return?

Persons: —, Liu Jianchao, Liu, China's, Antony Blinken, ROBERTO SCHMIDT, Ian Ja Chong, Chong, Zhao Lijian, Zhao, Rather, Stanley Rosen, Rosen, you'll, Zhao dismissively, Nancy Pelosi's, Anthony Kwan, Pan Chengxin, Donald Trump's, Pan, Dylan Loh, Xi Jinping, Biden, Xi, BRENDAN SMIALOWSKI, Loh, Qin Gang, LEAH MILLIS Organizations: Service, Communist Party's International Department, of Foreign, Business, US, AFP, Getty, National University of Singapore, Foreign Ministry, University of Southern, China Institute, U.S . House, Deakin University, Nanyang Technological University of Singapore, Getty Images, Chinese Foreign Locations: New York, China, West . China, Beijing, University of Southern California's US, Maryland, Ukraine, Weibo, Taiwan, Hong Kong, Africa, Southeast Asia, Australia, Gaza, AFP, Getty Images China, West

☆ The Evergrande collapse is not China's 'Lehman moment,' but it does complicate an economic recovery, think tank says
▼ + stars: | 2024-02-14 | by ( Aruni Soni | ) www.businessinsider.com time to read: +3 min

The Evergrande collapse is not China's 'Lehman moment,' but it does complicate an economic recovery, CFR expert said. "Unlike Lehman, Evergrande's insolvency is due to its excessive borrowing and aggressive use of leverage, not over-securitization." This has spurred on the question: is the Evergrande collapse China's "Lehman moment?" One famed hedge-fund boss said China's property crash was like the Great Financial Crisis from 2008 "on steroids." "Unlike Lehman, Evergrande's insolvency is due to its excessive borrowing and aggressive use of leverage, not over-securitization."

Persons: Lehman, —, Evergrande, Zoe Liu, Liu Organizations: Service, of Foreign Relations, Lehman Brothers Locations: Hong Kong

Veteran Wall Street executive Omeed Malik is planning to raise over $3 million and donate at least $100,000 in support of Donald Trump's campaign, the latest backer of Florida Gov. Ron DeSantis' failed bid to help the former president. Malik plans to raise at least $3 million for Trump's campaign for president, an advisor to him told CNBC. That's the same amount he raised for DeSantis' 2022 gubernatorial campaign. The advisor was granted anonymity to describe private efforts to help Trump.

Persons: Omeed Malik, Donald Trump's, Ron DeSantis, Malik, Robert F, Kennedy Jr, Weil, Joe ] Biden, Trump, Tucker, He's, PublicSquare, DeSantis Organizations: Wall, Florida Gov, Farvahar Partners, Democrat, Republicans, of Foreign Relations, Bank of America, Manges LLP, Trump voters, Amazon, CNBC Locations: Florida, New York City

☆ Get ready for a 2024 election that could have an outsized impact on stocks and the world economy, Lazard's top strategist says
▼ + stars: | 2023-11-24 | by ( George Glover | ) www.businessinsider.com time to read: +6 min

But the 2024 presidential election could change that, according to Lazard's top strategist. "Whether the US continues to finance and support Ukraine is basically on the ballot," Ronald Temple told Business Insider. Advertisement"I typically try to convey to people that a presidential election is not a game-changer for stocks," he told BI. Geopolitical watershedTemple is highlighting the 2024 election as a potential watershed moment because of how the contest could affect the global geopolitical balance. AdvertisementInflation is still kingUkraine and the presidential election aren't the only two issues Temple is keeping an eye on.

Persons: Ronald Temple, —, hasn't, that's, Donald Trump –, –, Joe Biden, Wall, Temple, Biden, Ron DeSantis, Vivek Ramaswamy, Vladimir Putin, it's, Lazard, Russell Organizations: Business, Service, of Foreign Relations, Washington, Federal, Bureau of Labor Statistics, . Traders Locations: Ukraine, Kyiv, Russia, China

☆ China is helping the US deal with its massive fentanyl problem — sort of
▼ + stars: | 2023-11-17 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

The US says China is a main source of materials for fentanyl that later ends up in America. The deal, which both leaders settled at the Asian-Pacific Economic Committee summit in San Francisco, would see Beijing assist Washington by regulating fentanyl precursors in China. The Drug Enforcement Administration has warned in recent years that China is a primary source for key ingredients in fentanyl. Advertisement"Focusing on China as the source of the problem has been because it's such an easy country to criticize," Ross said. For the Biden administration, the fentanyl deal has been an issue repeatedly pushed by US officials, Liu said.

Persons: —, Joe Biden, Xi Jinping, Zha Daojiong, Biden, Xi, Liu Zongyuan, Maurice R, Greenberg, Liu, Robert Ross, Ross, Eric Richardson, that's Organizations: Service, Pacific, Drug, Administration, Business, Peking University, pharma, of Foreign Relations, DEA, Boston College, UC Berkeley, INHR, United Nations, US, Bloomberg, Reuters, Forensic Public Security Institute Locations: China, America, San Francisco, Beijing, Washington, India, it's, Mexico, United, Europe, Xinjiang

☆ China's led the EV race – but it may be running out of charge
▼ + stars: | 2023-10-22 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +7 min

AdvertisementAdvertisementThere's been a clear winner in the global EV race so far: China. Ford CEO Jim Farley announcing its Michigan EV battery plant in February. Bill Pugliano/Getty ImagesConcern about using Chinese battery technology reflects wider global concern about China's domination of the EV battery market, with governments starting to block Chinese investment into mines and factories. AdvertisementAdvertisementAustralia is the world's biggest producer of lithium, a key material for EV batteries, and a major producer of other rare earths. AdvertisementAdvertisementChina may have led the world in the EV race – but those days could well be numbered.

Persons: —, Bill Russo, Chrysler's, CATL, Ariel Cohen, there's, Shawn Fain, Ford, Jim Farley, Bill Pugliano, Jim Chalmers, Cohen, Morgan Stanley, Mazzocco, Bernstein, he's, Biden, it's, Ursula von der, Donald Trump Organizations: EV, European Union, Service, Economic, Financial, Ford, Council's Eurasia Center, of Foreign Relations, UAW, Reuters, Michigan EV, Minerals, Publishing, Center for Strategic, International Studies, South, Japan's Panasonic, European, Benz, Bloomberg, White Locations: China, America, Europe, South Korea, Michigan, Australia, India, Nanjing, Washington ,, Hungary

☆ Israel's No.1 Hamas kill target is Yahya Sinwar, the 'Butcher from Khan Younis'
▼ + stars: | 2023-10-15 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +5 min

Yahya Sinwar was nicknamed "the Butcher from Khan Younis" for killing Palestinian collaborators. AdvertisementAdvertisementA military spokesman said the Israel Defense Forces are particularly intent on killing Yahya Sinwar, a top Hamas official, The New York Times reports. The 'new face of evil'Palestinian militants march with their weapons in Khan Younis refugee camp south of the Gaza Strip March 27, 2005. That's how he became known as the butcher of Khan Younis," said Col. Hecht, per LBC News. A 2022 security analysis determined that the Palestinian Authority's weakness and Israel's inaction on undermining Hamas' control strengthened Sinwar and Hamas' leadership.

Persons: Yahya Sinwar, Butcher, Khan Younis, —, Sinwar, Ismail Haniyeh, Haniyeh, Abu Mustafa AJ, JJ Yahya Ibrahim Hassan Sinwar, Gazans, Yair Lapid, Richard Hecht, Hecht, Din, Israel, Gilad Shalit, Daniel Hagari, Hagari Organizations: Service, Israel Defense Forces, Hamas, The New York Times, The Telegraph, Israel, REUTERS, Jewish Virtual Library, Islamic, of, US Department of State, IDF, Israeli, New York Times, LBC, Brigades, European Council, Foreign Relations, European Council of Foreign Relations, Institute for National Security, Tel, Aviv University Locations: Gaza, Qatar, Gaza City, Israel, Khan Younis, of Gaza, The

☆ Fact check: The first Republican presidential debate of the 2024 election
▼ + stars: | 2023-08-23 | by ( Cnn Staff | ) edition.cnn.com time to read: +16 min

CNN —Eight candidates for the Republican nomination for president took the stage for the first GOP debate Wednesday night in Milwaukee. (In June 2020, he announced a plan for schools to reopen for the next school year that began in August. In April 2020, the unemployment rate spiked to 14.7% — the highest level since monthly records began in 1948. It reached a 66-year low during certain months of 2019, at 3.4% in April and 3.6% in August, but by December 2020, unemployment for women was at 6.7%. That deal was negotiated by special counsel David Weiss, who was first appointed to the Justice Department by former President Donald Trump.

Persons: Ron DeSantis, DeSantis, Daniel Dale Nikki Haley, Nikki Haley, “ Donald Trump, Trump, Daniel Dale, Katie Lobosco Burgum, Doug Burgum, –, Goldman Sachs, Ella Nilsen Tim Scott, South Carolina Sen, Tim Scott, Biden, ” Scott, Scott’s, don’t, Tara Subramaniam Scott, ’ Scott, Joe Biden, they’re, Kevin McCarthy, Merrick Garland, ”, Garland, CNN’s Hannah Rabinowitz Haley, Haley, CNN’s Haley Britzky Pence, Mike Pence, “, Obama, CNN’s Haley Britzky Christie, Hunter Biden, Chris Christie, Biden’s son Hunter Biden, Christie, David Weiss, Donald Trump, CNN’s Marshall Cohen Scott, Burgum, Scott, Katie Lobosco Organizations: CNN, Republican, GOP, “, New, New York Tri, State, Trump, South, United Nations, Social Security, Dakota Gov, American Clean, Republicans, DOJ, Justice Department, National School, Department, Defense Department, of Foreign Relations, Former New Jersey Gov, US, IRS, Treasury Locations: Milwaukee, Florida, Broward, Palm, New York, Connecticut , New Jersey, Louisiana, South Carolina, China, United States, Covid, Ukraine, Estonia, Latvia, Lithuania, Poland

Reuters Image Acquire Licensing RightsReuters Image Acquire Licensing RightsReuters Image Acquire Licensing RightsTo be sure, Japan and China are still forces to be reckoned with. But they don't bestride the Treasuries market like they once did, nor does the threat of them selling strike the same fear into bond investors, global markets at large, and even policymakers in Washington. China's Treasuries holdings fell a valuation-adjusted $34 billion in the first half of the year, although its U.S. agency debt holdings rose nearly $20 billion. Reuters Image Acquire Licensing RightsReuters Image Acquire Licensing RightsWith U.S. bond yields at their highest since the late 2000s, the widening yield gap is pushing the yuan and yen to historically low levels against the dollar. Speculation is rising that Beijing or Tokyo could soon dip into their Treasuries holdings to fund dollar-selling intervention in the currency market.

Persons: Kim Hong, Brad Setser, Carol Bertaut, Ruth Judson, Judson, Jamie McGeever, Jonathan Oatis Organizations: South Korean, REUTERS, Rights, Treasuries, . Treasury, Federal Reserve, Reuters, of Foreign Relations, Treasury, U.S, Bank of America, Thomson Locations: Rights ORLANDO , Florida, Japan, China, Belgium, Britain, Washington, Foreign, U.S, Beijing, Tokyo

☆ Missiles aren't the only threat from North Korea. Its conventional arms are just as deadly
▼ + stars: | 2023-08-17 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +6 min

A fire assault drill by North Korean rocket artillery units at an undisclosed location in North Korea in March 2023 in this photo released by North Korea's Korean Central News Agency (KCNA). In late 2022, CFR estimated North Korea had 1.3 million active military personnel, in addition to a 600,000 strong reserve force. Pinkston pointed out that North Korea is not the only one that can launch an attack at short notice. Holistic perspectiveWhy would North Korea need to develop missiles if it holds such a potent threat over South Korea — even if short-lived? However, Cha pointed out that there have also been studies that have shown the damage inflicted by North Korean artillery is "not that effective."

Persons: that's, Naoko Aoki, Victor Cha, Rand, Daniel Pinkston, Pinkston, Cha Organizations: North Korean, North, Korean Central News Agency, Reuters, Korea's, Rand Corporation ., of Foreign Relations, CFR, Korean, Artillery, Center for Strategic, International Studies, Rand Corp, Samsung Electronics, Rand, . Rand Corporation, LG, South Korean, Troy University, CNBC, Korea People's Army, CSIS Locations: North Korea, Korean, Korea, South Korea, Seoul, Pyongyang, U.S, Paju, counterfire, Washington, United States, Victor, Victor Cha Korea

CNN —Mexico’s President Andres Manuel López Obrador has condemned Texas’s anti-migrant buoys, calling the border enforcement tactic on the Rio Grande river “inhumane” after bodies were found in the waters that flow along the US-Mexico border. “Abbott shouldn’t act like that; it’s inhumane,” he also said, directly attacking Texas Gov. Two bodies were found in separate incidents by United States and Mexican officials in the Rio Grande river, according to Mexico’s foreign ministry on Wednesday. It is unclear what caused their deaths, though Texas officials have said that they suspect that the person found caught in the floating barrier had died upstream. Texas began installing buoy barriers along portions of the Rio Grande river in July.

Persons: CNN —, Andres Manuel López Obrador, ” Lopez Obrador, “ Abbott, ”, Greg Abbott, Brandon Bell, Alicia Bárcena Ibarra, ” López Obrador, Abbott, “ Organizations: CNN, Texas Gov, Mexico’s National Institute of, US Justice Department, Foreign, Biden, Border Patrol Locations: Rio, Mexico, United States, Texas, Rio Grande, Eagle, Maverick County . Texas

☆ China's economic recovery is 'doomed to fail' as Beijing shifts away from investment, think tank experts say
▼ + stars: | 2023-06-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

China's economic recovery is practically doomed, experts from the Council of Foreign Relations said in an op-ed. The Chinese government has launched a plan for consumption-led growth, meaning the nation will shift away from investment. Meanwhile, 43% of China's economy is driven by investment – about double the US's long-run average of 22%. Experts have warned of trouble for China's economy as it sees a so-far disappointing economic rebound. Investors, meanwhile, have pulled their cash out of China at a faster pace as they lose faith in its grand economic reopening.

Persons: —, Xi Jinping, Zongyuan Zoe Liu, Benn Steil, Xi, Liu, Steil Organizations: of Foreign Relations, Service, Foreign Affairs, Council, Foreign Relations, Investors Locations: York, Xi's China, Beijing, China

In some ways, China and Japan are joined at the hip. As beggar-thy-neighbor foreign exchange depreciation pressures bubble up across Asia, the attraction of a weaker exchange rate grows. In terms of bilateral trade between China and Japan, the attraction is equally clear. China is Japan's largest trading partner, Japan is China's third-largest individual nation trading partner, and bilateral trade is worth around $370 billion annually. Remarkably, the yen has depreciated 25% against the yuan over the last three years, giving corporate Japan a substantial competitive advantage over China Inc.

Persons: Steven Englander, Brad Setser, Jamie McGeever Organizations: Reuters, U.S, Asian Development Bank, Standard Chartered, Finance, Bank for International, China Inc, of Foreign Relations, Thomson Locations: ORLANDO, Florida, Japan, China, Asia, East Asia, Beijing

☆ Big Pharma Is Avoiding Taxes, and Trump’s Tax Reforms Made It Worse - The New York Times
▼ + stars: | 2023-05-12 | by ( Paul Krugman | ) www.nytimes.com time to read: +1 min

On Thursday, Brad Setser of the Council of Foreign Relations — esteemed by cognoscenti for his forensic analyses of balance of payments data — testified to a Senate committee about global tax avoidance by pharmaceutical companies. This issue may not have loomed large on many people’s radar screens, and with everything else going on you may wonder why you should care. About pharma: The U.S. health care system, unlike health systems in other countries, isn’t set up to bargain with drug companies for lower prices. In fact, until the Biden administration passed the Inflation Reduction Act, even Medicare was specifically prohibited from negotiating over drug prices. As a result, the U.S. market has long been pharma’s cash cow: On average, prescription drugs cost 2.56 times — 2.56 times — as much here as they do in other countries.

☆ Rep. Marjorie Taylor Greene and Tucker Carlson have linked mass shootings to antidepressants. This is what the evidence says.
▼ + stars: | 2023-05-07 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +8 min

After a spate of mass shootings in the US, right-wing figures have suggested a link to antidepressants. Rep. Marjorie Taylor Greene and Tucker Carlson have claimed several mass shooters took SSRIs, suggesting they are to blame. Greene has previously made similar comments linking antidepressants to mass shootings, as has former Fox News host Tucker Carlson"A lot of young men in America are going nuts. However, Carlson and Greene's theories fail to note that many mass shooters had no history of taking psychiatric medication. As the gun control debate continues, Democrats and Republicans have drawn up distinctly different plans to prevent future mass shootings.

☆ Honduras ditching Taiwan raises larger geopolitical concerns
▼ + stars: | 2023-03-16 | by ( ) www.cnbc.com time to read: +3 min

The national flags of Honduras and Taiwan are seen at the Republic of China Square in Tegucigalpa on March 15, 2023. Stringer | AFP | Getty ImagesHonduras' decision to cut diplomatic ties with Taiwan in favor of China is yet another sign of growing Chinese influence in Latin America. But some of the few remaining in Latin America, like Paraguay and Guatemala, promised Wednesday to keep their support for Taiwan. "It is a complex decision, we understand, but Honduras' foreign policy should seek to benefit the people. In that sense, Tuesday's announcement also exemplifies the American government is "losing its grasp on" Latin America, said David Castrillon-Kerrigan, research-professor on China-related issues at Colombia's Externado University.

☆ There's no end in sight for Russia's war on Ukraine, says Council of Foreign Relations President Richard Haass
▼ + stars: | 2023-02-24 | 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 EmailThere's no end in sight for Russia's war on Ukraine, says Council of Foreign Relations President Richard HaassRichard Haass, Council of Foreign Relations president, joins 'Closing Bell: Overtime' to weigh in on the Ukraine War.

☆ Russia is 'running out of munitions and has lost as much as 50% of its tanks' in Ukraine, senior US official says
▼ + stars: | 2023-02-22 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

Russia lost some 50% of its tanks in the past year, US Deputy Treasury Secretary Wally Adeyemo said. However, data suggests that Russia's economy in 2022 shrunk less than initially forecasted. Deputy Treasury Secretary Wally Adeyemo made the assessment at an event Tuesday held by the Council of Foreign Relations think tank in Washington, DC. "Russia is also running out of munitions and has lost as much as 50% of its tanks," he continued, and had to "turn to mothballed Soviet-era weapons." Adeyemo argued that after a year of war, "Russia's economy looks more like Iran and Venezuela's than a member of the G20," referring to two other heavily-sanctioned nations.

☆ Biden to meet Brazil's Lula for talks on climate, democracy
▼ + stars: | 2023-02-10 | by ( Andrea Shalal | ) www.reuters.com time to read: +3 min

Days later a violent movement of election-denying Bolsonaro supporters stormed Brazil’s presidential palace, Congress and Supreme Court. Biden and Lula are not expected to agree on the war in Ukraine given Brazil's neutrality. On CNN, Lula defended his decision not to provided German-made artillery ammunition sought for the West's support of Ukrainian defense. Brazil's foreign ministry said support for democracy, human rights and the environment will be at the center of Lula's agenda in Washington. Lula traveled to Washington with Environment Minister Marina Silva, who is expected to meet with Biden's climate envoy John Kerry.

☆ China foreign minister seeks stronger economic ties with Saudi Arabia
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Jan 31 (Reuters) - China's new foreign minister Qin Gang wants to build stronger ties with Saudi Arabia and set up a China-Gulf free trade zone "as soon as possible", according to a ministry statement published late on Monday. In addition, Qin pressed for continuously strengthening the China-Gulf strategic partnership and building "the China-Gulf Free Trade Zone as soon as possible". Prince Faisal said that Saudi Arabia regards relations with China as an important cornerstone of foreign relations, and that Saudi Arabia fully adheres to the one-China principle, according to the statement from the Chinese foreign ministry. Qin, who just wrapped up a tour to several African countries, also had telephone conversations with Dutch Deputy Prime Minister and Foreign Minister Wopke Hoekstra and Argentine Foreign Minister Santiago Cafierro, according to state media. Reporting by Liz Lee; Writing by Bernard Orr; Editing by Himani SarkarOur Standards: The Thomson Reuters Trust Principles.

☆ Fed can likely slow runoff as bank reserves near 10% to 11% of GDP
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +1 min

Jan 20 (Reuters) - The Federal Reserve can probably start to slow its balance sheet runoff once bank reserves fall to around 10% or 11% of gross domestic product, Fed Governor Christopher Waller said on Friday. "We'll start slowing as we approach maybe reserves being 10% to 11% of GDP," Waller said at a Council of Foreign Relations event in New York. Those reserves and repurchase agreements currently total just over $5.6 trillion, roughly around 22% of gross domestic product as of the third quarter of last year. The Fed is reducing its holdings of Treasuries by up to $60 billion a month, and its MBS holdings by up to $35 billion per month. That process will need to stop once the Fed determines the amount of reserves banks need to hold.

☆ Biden releases most JFK assassination records — but withholds thousands
▼ + stars: | 2022-12-15 | by ( Marc Caputo | Marc Caputo Is A Senior National Political Reporter For Nbc News. | ) www.nbcnews.com time to read: +9 min

“We’re 59 years after President John Kennedy was killed and there’s just no justification for this,” said Judge John H. Tunheim, who from 1994-98 chaired the Assassination Records Review Board that was established Under the President John F. Kennedy Assassination Records Collection Act of 1992, which Biden voted for when it passed Congress unanimously. Many of those Joannides records were never put in the National Archives' JFK collection, according to the foundation's lawsuit, so the lion's share of the suspected records were not released Thursday. CIA officials dispute the number of Joannides records in their possession, but they confirmed two were scheduled to be released Thursday. Under the JFK records act, all documents related to the assassination were supposed to be released by 2017. His poll also showed that 71% of voters thought Biden should release all of the JFK records, regardless of agency opposition.

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