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☆ Dutch neobank Bunq goes on hiring spree, targeting digital nomads, as other fintechs slash jobs
▼ + stars: | 2024-09-12 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Dutch digital bank Bunq is plotting re-entry into the U.K. to tap into a "large and underserved" market of some 2.8 million British "digital nomads." "Bunq focusses on digital nomads who tend to roam the world," Ali Niknam, Bunq's CEO and co-founder, told CNBC via emailed comments. And in the U.K., Bunq is awaiting a decision from financial regulators on an application to become a licensed e-money institution, or EMI. Many of these positions will be part of a "tailored digital nomad" program that allows staff to work from anywhere in the world, Bunq said. Bunq earlier this year reported its first full year of profitability, generating 53.1 million euros ($58.51 million) in net profit in 2023.

Persons: Pavlo Gonchar, Bunq, Britain's, Ali Niknam, Niknam, Coinbase, Klarna, Bunq's Niknam Organizations: Getty Images, CNBC, European Union, U.S, EMI, PayPal Locations: United States, Amsterdam, Sofia, Istanbul, Munich, Paris, Dublin, Madrid, London, New York City

☆ China’s secretive space plane has returned to Earth
▼ + stars: | 2024-09-12 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +9 min

Here’s what we know – and don’t – about China’s space plane. The term “space plane” often evokes NASA’s Space Shuttle, which flew 135 missions from 1981 to 2011, carrying astronauts into orbit and helping to construct the International Space Station. Hulton Archive/Getty ImagesWhat do we know about China’s space plane program? China’s space plane development comes as a growing number of countries are paying attention to the deepening connections between security on Earth and in space – and vying for so-called counterspace technologies with the potential to disrupt or even destroy adversaries’ assets in space. But observers have also raised questions about the activities of the space plane, including its own deployment of multiple small satellites.

Persons: –, “ It’s, Chance Saltzman, NASA's, “, It’s, ”, Juliana Suess, Clayton Swope, Joe Skipper, Brendan Mulvaney Organizations: Hong Kong CNN, Boeing, Xinhua, Shuttle, Space, Space Force, Columbia, NASA's Kennedy Space Center, US Space Shuttle, Hulton, China Aerospace Science, Technology Corporation, Royal United Services Institute, Aerospace Security, Center for Strategic, International Studies, SpaceX, Earth, US Space Force, United, Foundation, China Aerospace Studies Institute, US Air Force Locations: China, Hong Kong, United States, Soviet, “, Florida, Xinjiang, London, Washington

☆ Esports World Cup: The new tournament in Saudi Arabia causing a big splash and division in the industry
▼ + stars: | 2024-07-06 | by ( Ben Church | ) edition.cnn.com time to read: +12 min

The Esports World Cup (EWC) – which began on July 3 – has brought together professional gamers, publishers and fans from across the world for an eight-week competitive gaming bonanza. To bring this on the similar scale as the largest traditional sports events and something that brings together the whole industry,” Reichert said. Discovery – CNN’s parent company – and the Esports World Cup Foundation agreed to a new partnership which includes Eurosport, CNN and other WBD platforms. “From my experience, there are a lot of people in [Saudi Arabia] that love their games, right to the top. “It’s probably unprecedented how quickly Saudi Arabia is moving ahead in its progression.

Persons: –, Ralf Reichert, ” Reichert, “, Gen.G, Mohammed Saad, Reichert, ”, Sam Mathews, It’s, it’s, Prince Mohammed bin Salman, sportswashing, SGG, Rod Breslau, “ It’s, ” Dana Ahmed, Manahel, Otaibi, Nick McGeehan, FairSquare, Mohamed bin Salman, Liquid’s, Steve Arhancet, Mathews Organizations: CNN, CNN Sport, Riot, New York Times, Adidas, Warner Bros, Eurosport, Anadolu, Getty, EWC, EWC Foundation, Saudi, MBS, Fox News, Investment Fund, Gaming, Amnesty, Fnatic, “ Locations: Saudi, Saudi Arabia, esports, “ Saudi Arabia, Breslau

☆ AI e-commerce startup Constructor lands $25 million Series B led by Sapphire Ventures without actively fundraising. See the deck it used.
▼ + stars: | 2024-06-17 | by ( Madeline Stone | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Finkelshteyn, who is Constructor's CEO and cofounder, said he told Dham he didn't have a formal pitch deck prepared. I was never much good at pitching investors and hadn't done it in years, so figured I'd probably get some good practice and some good feedback," Finkelshteyn told Business Insider. Sapphire led Constructor's $25 million Series B, which also included participation from existing investor Silversmith Capital Partners. E-commerce companies use Constructor's tech to serve customers search results based on their browsing history.

Persons: —, Eli Finkelshteyn wasn't, Rajeev Dham, Finkelshteyn, Dham, I'd, Sapphire, we've, there's Organizations: Service, Sapphire Ventures, Business, Capital Partners

☆ Dutch Bros. isn't just about the drinks, it's about the service, says CEO Christine Barone
▼ + stars: | 2024-05-08 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDutch Bros. isn't just about the drinks, it's about the service, says CEO Christine BaroneDutch Bros. CEO Christine Barone joins 'Mad Money' host Jim Cramer to talk expansion into new regions, quarterly earnings, customer trends and more.

Persons: Christine Barone Dutch, Christine Barone, Jim Cramer Organizations: Christine Barone Dutch Bros

☆ Dutch Bros. CEO Christine Barone sits down with Jim Cramer
▼ + stars: | 2024-05-08 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDutch Bros. CEO Christine Barone sits down with Jim CramerDutch Bros. CEO Christine Barone joins 'Mad Money' host Jim Cramer to talk expansion into new regions, quarterly earnings, customer trends and more.

Persons: Christine Barone, Jim Cramer Dutch, Jim Cramer Organizations: Bros, Jim Cramer Dutch Bros

Netflix and a popular beauty stock were featured among Friday's biggest analyst calls. Analyst Rob Sanderson initiated coverage of DoorDash with a buy rating and $170 price target, citing strong execution. Alongside the upgrade, Blum downgraded Sunnova Energy to an equal weight rating and slashed his price target to $6 from $11, citing a higher-for-longer rate environment. "Share gains upmarket by Shopify support confidence in the durability of growth against tempered consumer spending expectations," wrote analyst Keith Weiss. The stock has tumbled 11% this year, but could rally 22% based on the firm's adjusted $85 price target.

Persons: Canaccord Genuity, Rob Sanderson, DoorDash, Sanderson, – Samantha Subin, Wolfe, Steven Chubak, BAC's, Chubak, bode, Wells, Michael Blum, Blum, Biden, Samantha Subin, Morgan Stanley, Keith Weiss, Weiss, — Samantha Subin, Canaccord, Maria Ripps, Steven Cahall, Price, Doug Anmuth, Morgan Stanley's Benjamin Swinburne, Jefferies, Ashley Helgans, Helgans, Fred Imbert Organizations: CNBC, Netflix, Friday's, Jefferies, Capital, Industry, Wolfe Research, Bank of America, of America, SCHW, Sunnova Energy, NOVA, Ulta Locations: Wells Fargo, China, Thursday's, Canada

☆ Amazon CEO Andy Jassy says he's committed to cost cutting while investing in AI in shareholder letter
▼ + stars: | 2024-04-11 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +41 min

This work diminished short-term revenue, but was best for customers, much appreciated, and should bode well for customers and AWS longer-term. We're also making progress on many of our newer business investments that have the potential to be important to customers and Amazon long-term. Being intentional about building primitives requires patience. Customers building their own FM must tackle several challenges in getting a model into production. Customers' AI models contain some of their most sensitive data.

Persons: Andy Jassy, Jassy, Jeff Bezos, he's, we've, Martha Stewart, Clinique, we're, We've, bode, We're, I've, iterating, We'd, we'd, Fox, affordably, you've, They're, Anthropic, that's, Claude, Dana, debugs, Slack Organizations: Amazon, Services, AWS, Deal, Prime, MGM, Savings, Regions, Citadel, Target, Storage Service, Netflix, Disney, Max, Paramount, CIA, . Intelligence, Amazon Freight, Carrier, Amazon Shipping, Foods, Drones, Amazon Pharmacy, Amazon Clinic, Robotics, Nvidia, Ricoh, NatWest, FMs, Meta, Bridgewater Associates, Farber Cancer Institute, Delta Air Lines, Intuit, KT, Lonely, LexisNexis, Netsmart, Pfizer, PGA, Rocket Companies, Siemens, Media, Inc Locations: North America, U.S, Europe, India, Brazil, Australia, Mexico, Middle East, Africa, Malaysia, New Zealand, Kingdom of Saudi Arabia, Thailand, Berlin, Hulu, Amdocs, Genomics England, GoDaddy, GenAI

☆ Floods Batter Russia and Kazakhstan, Forcing Tens of Thousands to Evacuate
▼ + stars: | 2024-04-10 | by ( Ivan Nechepurenko | More About Ivan Nechepurenko | ) www.nytimes.com time to read: 1 min

More than 100,000 people were forced to evacuate on Wednesday after devastating spring floods engulfed cities and villages across vast sections of Russia and Kazakhstan. The floods affected multiple settlements across Russia in the South Urals region east of Moscow, in Western Siberia and near the Volga River, as well as at least five regions of Kazakhstan, which shares a long border with Russia. Dmitri S. Peskov, the Kremlin’s spokesman, said on Wednesday that the situation was “quite tense” and the forecast was “unfavorable” as “large amounts of water are coming to new regions.”

Persons: Dmitri S Locations: Russia, Kazakhstan, South Urals, Moscow, Western Siberia

☆ Grocers are trying to get orders to your door faster than ever — here's why
▼ + stars: | 2024-03-07 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +6 min

Walmart expanded its same-day delivery offering to allow shoppers to get online purchases dropped off earlier in the morning. With same-day deliveries, the three retailers are not only trying to outmatch one another on convenience. With Target's announcement this week, Walmart, Target and Kroger will all have paid membership programs with home deliveries as one of the benefits. Kroger has used online delivery to break into new regions of the country, including Florida, without opening a single grocery store. Walmart and Target both beat Wall Street's sales expectations for the holiday quarter, but said shoppers are still very value-focused.

Persons: Kroger, Michael Baker, Davidson, Davidson's Baker, John David Rainey, Rodney McMullen, That's, McMullen, We've Organizations: Target, Walmart, D.A, Kroger, Costco, Albertsons, FTC, Wall Locations: U.S, Florida

☆ Ancestry's Deb Liu on 2024: 'Ruthless prioritization' is key to success
▼ + stars: | 2024-01-01 | by ( Josée Rose | ) www.businessinsider.com time to read: +5 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . During the depths of the COVID-19 pandemic, many families lost older relatives, reminding them of the importance of passing on family stories, Deb Liu, Ancestry's CEO and president, told Business Insider. She said a family member's death pushed her to ask her uncle to recall a story about her family's history. Liu said she's excited about new offerings to allow several members of a family to work on their history together. Liu's insights are part of Business Insider's year-end leadership package, "Looking Ahead 2024," digging into vision, strategy, and challenges across corporate America.

Persons: Deb Liu, Liu, —, it's, We're, we're, That's Organizations: Service Locations: Business, America, Cornwall

These are just a few of the ways that public health has been impacted and compounded by climate change - a focus for the first time ever at the annual U.N. climate summit COP28. Here's how climate change is harming people's health across the world today, and what countries might expect in the future. Floods in Pakistan last year, for example, led to a 400%increase in malaria cases in the country, the report said. MURKY WATERSStorms and flooding wrought by climate change are allowing other infectious water-borne diseases to proliferate as well. Diarrhoea, too, receives a boost from climate change, with increasingly erratic rainfall - resulting in either wet or dry conditions - yielding a higher risk, research has found.

Persons: Alexandros Avramidis, Martin Edlund, Gloria Dickie, Alexander Cornwall, Katy Daigle, Diane Craft Organizations: REUTERS, Rights, World Health Organization, WHO, Nature Medicine, American Thoracic Society, Reuters, Thomson Locations: Evros, Greece, West Nile, Brazil, Bangladesh, Pakistan, Africa, United States

☆ The Asian longhorned tick spreading across the US can clone itself thousands of times and even kill cattle
▼ + stars: | 2023-11-15 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +9 min

The ticks turned out to be an invasive species, the Asian longhorned tick, newly established in Ohio. The curious case of the dead cattleAsian longhorned ticks are tiny and can be difficult to distinguish between other species. Risa Pesapane/Ohio State UniversityPesapane and her colleagues suggest the Ohio cattle died from blood loss. Asian longhorned ticks are hard to spot, contain, and killTiny and brown, the ALT is hard to distinguish from other types of ticks, making it difficult to spot. AdvertisementCattle are the preferred meal of Asian longhorned ticks.

Persons: —, Risa Pesapane, Pesapane, It's, Oleksandr Melnyk, Kevin Lahmers, Lahmers, Joellen Lampman, Lampman, Ohio State University Pesapane, it's, There's, Ikeda Organizations: Service, Ohio State, Medical Entomology, Pesapane, US Department of Agriculture, Getty Images, Virginia - Maryland College of Veterinary Medicine, Cornell University, Ohio State University, Plant Health, Yale School of Public Health Locations: Ohio, West Virginia, But Ohio, East Asia, Virginia, United States, New Zealand, North Carolina, Lyme, Rocky

[1/2] Mosquitoes are seen on stagnant water on the roadside during countrywide dengue infection, in Dhaka, Bangladesh, August 24, 2023. REUTERS/Mohammad Ponir Hossain/File Photo Acquire Licensing RightsCompanies Takeda Pharmaceutical Co Ltd FollowLONDON, Oct 6 (Reuters) - Dengue fever will become a major threat in the southern United States, southern Europe and new parts of Africa this decade, the WHO's chief scientist said, as warmer temperatures create the conditions for the mosquitoes carrying the infection to spread. Many cases go unrecorded, but in 2022 4.2 million cases were reported worldwide and public health officials have warned that near-record levels of transmission are expected this year. Qdenga is also approved by the EU regulator, but Takeda withdrew its application in the United States earlier this year, citing data collection issues. Dengue is spread by infected Aedes aegypti mosquitoes, which behave differently to the malaria-carrying kind.

Persons: Mohammad Ponir Hossain, ” Jeremy Farrar, ” Farrar, Farrar, ”, “, Takeda, Jennifer Rigby, Michele Gershberg, Sharon Singleton Organizations: REUTERS, Takeda Pharmaceutical, World Health Organization, Reuters, Wellcome, WHO, Takeda Pharmaceuticals, U.S . Food, Drug Administration, Thomson Locations: Dhaka, Bangladesh, United States, Europe, Africa, Asia, Latin America, Vietnam, Saharan Africa, EU

☆ Dengue Will 'Take Off' in Southern Europe, US, Africa This Decade, WHO Scientist Says
▼ + stars: | 2023-10-06 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +4 min

By Jennifer RigbyLONDON (Reuters) - Dengue fever will become a major threat in the southern United States, southern Europe and new parts of Africa this decade, the WHO's chief scientist said, as warmer temperatures create the conditions for the mosquitoes carrying the infection to spread. Many cases go unrecorded, but in 2022 4.2 million cases were reported worldwide and public health officials have warned that near-record levels of transmission are expected this year. Earlier this week, the WHO recommended Takeda Pharmaceuticals' Qdenga vaccine for children aged 6 to 16 in areas where the infection is a significant public health problem. Qdenga is also approved by the EU regulator, but Takeda withdrew its application in the United States earlier this year, citing data collection issues. Dengue is spread by infected Aedes aegypti mosquitoes, which behave differently to the malaria-carrying kind.

Persons: Jennifer Rigby LONDON, ” Jeremy Farrar, ” Farrar, Farrar, ”, “, Takeda, Jennifer Rigby, Michele Gershberg, Sharon Singleton Organizations: World Health Organization, Reuters, Wellcome, WHO, Takeda Pharmaceuticals, U.S . Food, Drug Administration Locations: United States, Europe, Africa, Asia, Latin America, Bangladesh, Vietnam, Saharan Africa, EU

☆ Macy's will open up to 30 stores, as department store looks to strip malls as key part of its future
▼ + stars: | 2023-10-03 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +6 min

In this article M Follow your favorite stocks CREATE FREE ACCOUNTMacy's is opening more small-format stores across the country. Macy'sMacy's on Tuesday said it will open up to 30 smaller stores in strip malls over the next two years, as the retailer chases customers out of dying malls and into bustling suburbs. Chief Stores Officer Marc Mastronardi said small-format stores are part of the solution. Macy's smaller, off-mall stores have spacious fitting rooms and a curated mix of merchandise that's frequently swapped out. The company is phasing out Market by Macy's, the name it initially used for the smaller Macy's stores.

Persons: Macy's, —, Marc Mastronardi, that's, Mastronardi, Jeff Gennette, Gennette, Tony Spring, Oliver Chen Organizations: Macy's, Cowen, Nike, Armour, 34th, Shoppers Locations: Macy's, floundering

☆ Bangladesh dengue: More than 1,000 people killed in country's worst outbreak on record
▼ + stars: | 2023-10-03 | by ( Helen Regan | ) edition.cnn.com time to read: +4 min

Fatalities from the outbreak are almost four times higher than last year, when 281 people died. In September alone, there were more than 79,600 reported cases and 396 deaths, according to Bangladesh health authorities. Last year, dengue cases only peaked in October with most deaths recorded in November. The global number of dengue cases has already increased eight-fold in the past two decades, according to WHO. This year, dengue has hit South America severely with Peru battling its worst outbreak on record.

Persons: Munir Uz Zaman, Adhanom Ghebreyesus, “, ”, Abdi Mahamud Organizations: CNN, Health Services, Shaheed Suhrawardy Medical College Hospital, Getty, World Health Organization, WHO, Dhaka –, UN, South America Locations: Bangladesh, Dhaka, AFP, Peru, Florida, Asia, Sri Lanka, Thailand, Malaysia, Africa, Chad

☆ Opinion: Why Putin wants a ‘forever war’
▼ + stars: | 2023-10-03 | by ( Sheena Mckenzie | Opinion Mark Galeotti | ) edition.cnn.com time to read: +6 min

CNN —When Westerners talk about the conflict in Ukraine becoming a “forever war,” they tend to mean it as a bad thing. As the forever war becomes the organising principle of “late Putinism,” it excuses — even demands — the tightening grip of repression Putin needs to maintain his control of the nation. From Putin’s point of view, talk of a ‘forever war’ has one final virtue for him — it is demoralising to his enemies. However, from his point of view, talk of a “forever war” has one final virtue for him — it is demoralising to his enemies. No war lasts forever, but peace is still well over the horizon.

Persons: Mark Galeotti, Vladimir Putin, Putin, ” Mark Galeotti, ”, ’, bankrolling, Wagner, Yevgeny Prigozhin, Prigozhin’s Organizations: Mayak Intelligence, University College London, CNN, New Regions, Russian Federation, ” Mark Galeotti Mayak Intelligence, General Locations: Chechnya, Ukraine, Ukraine’s Donetsk, Luhansk, Kherson, Zaporizhzhia, Russia, Ukrainian, Russian, Crimea, Moscow

CNN —Four occupied regions of Ukraine will be included for the first time in a new round of Russian military conscriptions this fall, Russia’s Defense Ministry announced Friday. Autumn conscription will begin from October 1 in all parts of the Russian Federation, according to the ministry, including in the illegally annexed regions of Ukraine. “The autumn conscription will take place from October 1 in all constituent entities of the Russian Federation. “The term of conscription military service, as before, will be 12 months,” Tsimlyansky said. There was no conscription for military service last year and in the spring of 2023 in these regions, according to TASS.

Persons: Putin, Zaporizhzhia –, “ shams, Vladimir Tsimlyansky, ” Tsimlyansky, ”, Tsimlyansky, “, Conscriptions Organizations: CNN, Russia’s Defense, Russian Federation, Staff, Russian Armed Forces, “ Military, Armed Forces, TASS, General Staff, Russia’s Armed Forces Locations: Ukraine, Luhansk, Donetsk, Kherson, Zaporizhzhia, Western, Russia, Crimea, Russia’s, Moscow

☆ Bangladesh’s worst ever dengue outbreak a ‘canary in the coal mine’ for climate crisis, WHO expert warns
▼ + stars: | 2023-09-07 | by ( Helen Regan | ) edition.cnn.com time to read: +5 min

Dengue-infected people are treated at the Mugda Medical College and Hospital in Dhaka, Bangladesh, on August 7. The global number of dengue cases has already increased eight-fold in the past two decades, according to WHO. As the climate crisis worsens, mosquito-borne diseases like dengue, Zika, chikungunya and yellow fever will likely continue to spread and have an ever greater impact on human health. Mahamud said the climate crisis and this year’s El Nino weather pattern – which brings warmer, wetter weather to parts of the world – are worsening the problem. Calling these outbreaks a “canary in the coalmine of the climate crisis,” Mahamud said “global solidarity” and support is needed to deal with the worsening epidemic.

Persons: Adhanom Ghebreyesus, Tedros, “, ”, Mohammad Ponir Hossain, ” Tedros, ” Kabirul Bashar, Raman Velayudhan, Abdi Mahamud, Mahamud, ” Mahamud Organizations: CNN, World Health Organization, WHO, Mugda Medical College, Hospital, Reuters, Dhaka –, ” WHO, “, South America Locations: Bangladesh, El Nino, Dhaka, Nino, Peru, Florida, Asia, Sri Lanka, Thailand, Malaysia, Africa, Chad

☆ Putin taught a lesson for Russia's new school curriculum, which includes instructions on how to handle a Kalashnikov
▼ + stars: | 2023-09-06 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Putin held a Q&A with hand-picked Russian students at the start of the new school semester. The session didn't mention the Ukraine war, but included several pupils from the occupied territories. It comes as Russia overhauls its curriculum to include rifle training and the history of the conflict. The showcase lesson appears to be part of another effort to naturalize Russia's claims to Ukrainian territories, and the war more broadly, to Russians. AdvertisementAdvertisementRussia has placed an effective ban on maps that mark the occupied territories as Ukrainian and launched a brand new school curriculum.

Persons: Putin, Vladimir Putin, naturalize Russia's Organizations: Service, Russian, Kremlin, UN Locations: Ukraine, Russia, Wall, Silicon, Russia's, Crimea, Russian, Luhansk, Melitopol, Donetsk, Kherson, Ukrainian, Kyiv

☆ Invasive species cost the world $423 billion every year and are causing environmental chaos, UN report finds
▼ + stars: | 2023-09-05 | by ( Helen Regan | ) edition.cnn.com time to read: +13 min

Scroll through the gallery to see more of the planet's most problematic invasive species. Sarefo / Wikimedia Commons In pictures: Invasive species around the world Prev Next‘Prevention, prevention, prevention’Along with invasive species, other key drivers of biodiversity loss include destruction of land and sea habitats, exploitation of organisms, climate change and pollution. As well as flammable invasive plants sparking and spreading wildfires, climate change is enabling invasive species to move north – even to remote areas such as high mountains, deserts and frozen tundra. Preventing the arrival of new species into new regions is the best way to manage threats from invasive species, according to the report. For invasive species that have already taken hold, eradication has been a useful tool, especially on islands, according to the report.

Persons: ”, Helen Roy, ” Roy, David Gray, Peter Stoett, Anibal Pauchard, Ian Hitchcock, Starling, MENAHEM KAHANA, Phil Mislinski, Jeff J Mitchell, SANJAY KANOJIA, MUNIR UZ ZAMAN, ” Stoett, Stoett, –, ” Pauchard Organizations: CNN, United Nations, UN, Services, billabong, Nile Virus, Ontario Tech University, Chile’s Institute of Ecology, Pacific, World Wildlife Fund, US Department of Agriculture, USA, Studies, New Zealand Government, European, Starlings, AFP, Getty, North, Wikimedia Locations: Darwin, Australia, Africa, Caribbean, Guam, North America, Hawaii, Maui, Antarctica, Pacific, North, South America, Azov, China, Japan, Europe, Bermuda, New Zealand, New York, USA, Australasia, South Africa, United States, AFP, East Africa, Western Asia, Americas, Kenya, India, Puerto Rico, Kunming, Montreal

Critics say the move is a part of a sustained effort to indoctrinate school children and stifle any independent thinking. Russian President Vladimir Putin has always maintained that Moscow’s unprovoked aggression against Ukraine is an effort to liberate the country from a “Nazi regime” and Western influence. No critical thinking allowedMany countries introduce school children to patriotic ideas and civic values. According to independent human rights monitor OVD-Info, there have been almost 20,000 people detained for protesting against the war in Russia. This complete crackdown on freedom of speech means there isn’t a force in Russia that can counteract school propaganda.

Persons: Vladimir Putin, Sergey Kravtsov, ” Kravtsov, Katerina Tertytchnaya, “ There’s, ”, Putin, Yuri Kadobnov, Sergey Lavrov, Kirill, ” Ian Garner, ” Tertytchnaya, ” Garner, Garner Organizations: CNN, country’s Ministry of Education, Nazi, Russian, Russian Federation, RIA Novosti, University College London, Ministry of Education, Schools, Getty, Kremlin, University of Chicago’s, Political, Students Locations: Russia, Ukraine, Crimea, Moscow, AFP, Russian, France, Russians, China

☆ The wartime economy is making Russians hoard cold hard cash more than ever — the money in circulation reached a record $187 billion in June
▼ + stars: | 2023-08-08 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

In June, the amount of cash in circulation in Russia hit a record $187 billion, per its central bank. Russians are hoarding cold, hard cash amid economic uncertainty, an economist told Novaya Gazeta. Compensation to families of dead fighters and increased demand in Russian-occupied Ukrainian regions also add to the cash in circulation. In June, the amount of cash in circulation in Russia hit a record 17.9 trillion rubles, or $187 billion, data from the Russian central bank shows. To tame inflation, the Russian central bank its central bank raised interest rates by one percentage point on July 21 — double the 0.5 percentage point analysts polled by Reuters had expected.

Persons: Igor Lipsits, there's, Alexey Zabotkin, Wagner, Nikolay Korzhenevsky Organizations: Novaya Gazeta, Service, HSE University, RBC, Wagner Group, Bloomberg, Reuters Locations: Russia, Wall, Silicon, Russian, Ukraine, —, Kazakhstan, Russia's

☆ Higher debt burden 'inevitable' as Russia spends on military bloc -finance ministry
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +2 min

Russia's current level of debt is 22.8 trillion roubles, or 14.9% of gross domestic product (GDP), Deputy Finance Minister Irina Okladnikova said on Tuesday, naming 20% of GDP as the upper boundary of the safe debt limit. "We understand that in the current situation, we will increase debt, it is a hopeless situation," said Okladnikova at a meeting in Russia's upper house of parliament. "Therefore, we will increase debt, but we will try to remain within safe limits," Okladnikova said. Finance Minister Anton Siluanov said 2024 budget spending would be cut by around 450 billion roubles - 10% of so-called 'unprotected' spending - to free up money for other priorities. "We have budget expenditure of a little more than 29 trillion roubles," he said, with just 4.5 trillion in line for cuts, implying around 450 billion roubles (4.97 billion) slated for redistribution next year.

Persons: Irina Okladnikova, Okladnikova, Anton Siluanov, Siluanov, Darya, Alexander Marrow, Alexandra Hudson Organizations: Alexandra Hudson Our, Thomson Locations: Moscow, Ukraine's Donetsk, Luhansk, Kherson, Zaporizhzhia, Kyiv

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