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☆ Hunter Biden may be doomed to lose his trial. His best bet is appealing a 'vindictive prosecution.'
▼ + stars: | 2024-06-06 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +11 min

"They know how to put on a tight gun case." Biden's trial is not necessarily a lost cause. This arrangement has perversely allowed Weiss to politicize the proceedings unchecked, Hunter Biden's lawyers argued. There's no evidence that Biden even loaded or used the gun before his brother's widow, Hallie Biden, threw it out. "Obviously, the conduct that the government ought to be addressing is whether somebody is on drugs and high while they're shooting a gun," Levin said.

Persons: —, Hunter Biden, Abbe Lowell, Prosecutors, Biden, Sarah Krissoff, didn't, Maryellen Noreika, Donald Trump, Lowell, Jared Kushner, Sens, Robert Menendez, John Edwards —, Joe Biden, ROBERTO SCHMIDT, David Weiss, General Merrick Garland, Weiss, Hunter, Noreika, Trump, Republicans gloated, Hallie Biden, Cozen O'Connor, Hunter Biden's, Duncan Levin, Levin, He's, Krissoff, Evelyn Hockstein, Neama Rahmani, Rahmani, there's Organizations: Service, Business, Alcohol, Tobacco, Firearms, Explosives, AFP, Getty, Republicans, US Justice Department, Republican, U.S, U.S . Department of Justice, Hill, REUTERS, Justice Department, West, Creative Locations: Wilmington , Delaware, Manhattan, Delaware, California, New York, Texas

☆ Trump in liberal San Francisco for high-dollar tech fundraiser
▼ + stars: | 2024-06-06 | by ( ) www.cnbc.com time to read: +5 min

(Photo by Eva Marie Uzcategui/Getty Images)Republican presidential candidate Donald Trump will attend a fundraiser hosted by two tech venture capitalists in San Francisco on Thursday, a high-dollar event expected to draw Silicon Valley investors turned off by the Biden administration's policies. Trevor Traina, a San Francisco-based tech executive and former Trump ambassador to Austria, said business regulations implemented during Biden's presidency had alienated some people in the tech industry. Trump's campaign raked in record amounts after the guilty verdict last week, and the San Francisco event will add to his coffers. Vance, a potential running mate for Trump who previously lived in San Francisco and worked in venture capital, will attend the event, according to a source familiar with his plans. San Francisco remains a fertile fundraising ground for Democrats.

Persons: Donald Trump, Eva Marie Uzcategui, David Sacks, Chamath, Sacks, Jacqueline, Trump, Democrat Joe Biden, Trevor Traina, Biden's, Biden, Traina, Palihapitiya, Jacob Helberg, Peter, Helberg, Palantir, Peter Thiel, we've, Billionaire Elon Musk, Musk, J.D, Vance, Kamala Harris, Harris Organizations: U.S, Mar, Biden, Venture, Reuters, Democrat, Trump, Republican, San, Democrats Locations: Lago, West Palm Beach , Florida, New York, San Francisco, Francisco, Austria, bitcoin, Silicon, Israel

☆ Jacob Zuma has made a dramatic comeback in South Africa’s elections. Will he have the last laugh over Ramaphosa?
▼ + stars: | 2024-06-05 | by ( Sarah Dean | David Mckenzie | ) edition.cnn.com time to read: +10 min

Johannesburg, South Africa CNN —South Africa’s African National Congress (ANC) party faces a mammoth challenge as it needs to form a government with its political rivals after suffering a seismic blow in last week’s election. However, both parties believe in the primacy of South Africa’s constitution and both have promised to crack down on corruption. If the ANC decides to pursue coalition talks with MK, then Zuma will want Ramaphosa out, solidifying his revenge. However, if South Africa’s president maintains his grip on the ANC, a coalition with MK is unlikely. South Africa’s business community and middle class are broadly nervous about an EFF–ANC coalition and its effect on investor confidence.

Persons: Mahlengi, Motsiri, Jacob Zuma, Zuma, Cyril Ramaphosa –, –, ”, Tessa Dooms, ” Dooms, Ramaphosa, Gupta, Ramaphosa’s, Fikile Mbalula, “, John Steenhuisen, Steenhuisen, TK Pooe, Paul Mashatile, Zuma “ unapologetically, Melanie Verwoerd, Verwoerd, Julius Malema, Malema, Floyd Shivambu, Mandela, Klerk, Thabo Mbeki Organizations: South Africa CNN, National Congress, ANC, South, MK, who’ve, CNN, Sunday, Democratic Alliance, White South, DA, EFF, Fighters, Wits School, Governance, Empowerment, ANC’s, National Health Insurance, Freedom Party, IFP, Reserve Bank, Finance, GNU, FW Locations: Johannesburg, South Africa, Africa, Zulu

☆ A San Francisco Gen Xer quit his job to escape 60-hour workweeks and spend his time being an 'older dad': 'I'll be 70 when my son graduates from high school'
▼ + stars: | 2024-06-05 | by ( Jacob Zinkula | Andy Kiersz | ) www.businessinsider.com time to read: +6 min

Gerstbacher, a 50-year-old based in San Francisco, was "really unhappy" at work, he told Business Insider via email. First, he's an "older dad," and he wanted to maximize the time he could spend with his three-year-old son. "I felt that I should take the quality time now since I'll be 70 when my son graduates from high school," he said. However, the decline in working men is also due to some positive developments, like the growth of women in the workforce. AdvertisementEven though he's in the process of returning to the workforce, Gerstbacher said he's continued to prioritize spending time with his son.

Persons: —, Francisco Gen Xer, Randy Gerstbacher, Gerstbacher, He's, they've, hasn't, he'd, he's Organizations: Service, Business, CDC, Bureau of Labor Statistics Locations: San Francisco

☆ Silicon Valley's battle over AI risks is escalating fast
▼ + stars: | 2024-06-05 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

Read previewThere's a battle in Silicon Valley over AI risks and safety — and it's escalating fast. This story is available exclusively to Business Insider subscribers. Right to WarnWhile the concerns around AI safety are nothing new, they're increasingly being amplified by those within AI companies. OpenAI did not immediately respond to a request for comment from Business Insider, made outside normal working hours. A spokesperson previously reiterated the company's commitment to safety, highlighting an "anonymous integrity hotline" for employees to voice their concerns and the company's safety and security committee.

Persons: —, OpenAI, Bengio, Geoffrey Hinton, Stuart Russell, Jacob Hilton, Hilton, Sam Altman, Helen Toner, Altman, Russell, Daniel Kokotajlo, Kokotajlo Organizations: Service, Google, Business Locations: Silicon Valley, OpenAI

☆ Trump asks hush-money judge to lift his gag order, which would leave him free to seek vengeance against trial witnesses
▼ + stars: | 2024-06-04 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +6 min

Read previewDonald Trump's legal team has asked for the judge who presided over his criminal hush-money trial to lift his gag order, which would give him a free hand to criticize witnesses and jurors in the trial. Related storiesIn near-daily comments to journalists outside the Manhattan courtroom during the trial, Trump criticized the gag order. At a press conference in Trump Tower on Friday, Trump continued to complain about the "nasty gag order" he was under. During the trial, Trump violated the gag order on 10 different occasions, Merchan found. The public comments — and previously determined gag order violations — could lead Merchan to issue a harsher punishment.

Persons: —, Donald Trump's, Juan Merchan, Trump, Michael Cohen, Stormy Daniels, Trump's, Todd Blanche, Cohen, Daniels, Joe Biden, Trump —, Blanche, didn't, Merchan, jailing, Matthew Colangelo, Biden Organizations: Service, Business, New York, Trump, Manhattan, Attorney's Office, Associated Press, jailing Trump, Democratic, US Justice Department Locations: New, Manhattan, United States

India's Prime Minister Narendra Modi flashes victory sign at the Bharatiya Janata Party (BJP) headquarters to celebrate the party's win in country's general election, in New Delhi on June 4, 2024. Completed vote counts by the Election Commission of India showed that Modi's BJP won just 240 seats. India's Parliament has 543 seats, and the party or coalition that wins at least 272 forms the government. Modi's decade-long ruleUnder Modi, India, home to 1.4 billion people, has witnessed robust economic growth. While India has seen robust economic growth under Modi, observers and critics have warned about the country's "democratic decline."

Persons: Narendra Modi, Money Sharma, Modi, Aiyar, CNBC's, Shilan Shah, Shah, Kranthi, Sensex, Samir Kapadia, that's, Malcolm Dorson Organizations: India's, Bharatiya Janata Party, BJP, Afp, Getty, Indian, Modi's BJP, National Democratic Alliance, Developmental Inclusive Alliance, Indian National Congress, Policy Research, Centre, Monitoring, Capital Economics, BSE, WealthMills Securities, Adani, Adani Enterprises, State Bank of India, ICICI Bank, Monetary Fund, India Index, Vogel, Dem, Global, Vogel Group, IMF Locations: New Delhi, India, INDIA, China, Sweden

☆ Current and former OpenAI employees warn of AI's 'serious risks' and lack of oversight
▼ + stars: | 2024-06-04 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

A group of current and former OpenAI employees published an open letter Tuesday describing concerns about the artificial intelligence industry's rapid advancement despite a lack of oversight and an absence of whistleblower protections for those who wish to speak up. "AI companies have strong financial incentives to avoid effective oversight, and we do not believe bespoke structures of corporate governance are sufficient to change this," the employees wrote. The letter also details the current and former employees' concerns about insufficient whistleblower protections for the AI industry, saying that without effective government oversight, employees are in a relatively unique position to hold companies accountable. "Ordinary whistleblower protections are insufficient because they focus on illegal activity, whereas many of the risks we are concerned about are not yet regulated." Four anonymous OpenAI employees and seven former ones, including Daniel Kokotajlo, Jacob Hilton, William Saunders, Carroll Wainwright and Daniel Ziegler, signed the letter.

Persons: OpenAI, they've, Daniel Kokotajlo, Jacob Hilton, William Saunders, Carroll Wainwright, Daniel Ziegler, Ramana Kumar, Neel Nanda, Geoffrey Hinton, Yoshua Bengio, Stuart Russell Organizations: Google, Microsoft, Meta, CNBC, Security Locations: Anthropic

☆ A Wisconsin mom of 3 who made $250,000 secretly working 2 remote jobs said it allowed her husband to leave a stressful job and become a stay-at-home dad
▼ + stars: | 2024-06-04 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

For 18 months between 2020 and the end of 2021, Lisa secretly worked one fully remote job and a second hybrid job. When pandemic conditions eased, she thought her fully remote employer would pivot to a hybrid work schedule — and managing two hybrid jobs seemed impossible. Advertisement"It was a good career move at a time when I thought that remote work was going to disappear," she said. Lisa said she'd consider job juggling again if she could find two fully remote jobs that checked most of her boxes. AdvertisementAre you working multiple remote jobs at the same time and willing to provide details about your pay and schedule?

Persons: —, Lisa, who's, they'll, who've, It's, Lisa didn't, she'd Organizations: Service, Business, Bureau of Labor Statistics Locations: Wisconsin

☆ Extinct ‘thunder bird’ from Australia was a giant goose, skull reveals
▼ + stars: | 2024-06-03 | by ( Mindy Weisberger | ) edition.cnn.com time to read: +8 min

CNN —For more than a century, scientists have been unsuccessfully hunting for skull fossils for the thunder bird species Genyornis newtoni. Now, the discovery of a complete G. newtoni skull has resolved this longstanding mystery, giving scientists their first face-to-face encounter with the massive mihirung. Pictured here is the skull of G. newtoni, which is helping resolve a long-standing mystery about the giant bird's face. The illustration also highlights how G. newtoni stacks up sizewise to its closest relative, Anhima cornuta (nearest to G. newtoni) and the cassowary (not related). From there, he constructed a scaffold that was consistent across multiple skull fossils.

Persons: newtoni, Larry Witmer, ” Witmer, “ It’s, ”, Witmer, Phoebe McInerney, ” McInerney, “ Genyornis, Genyornis, dromornithids, Anhima, Jacob Blokland, ” Blokland, Blokland, McInerney, Blockland, ” Mindy Weisberger Organizations: CNN, Flinders University G, Ohio University, “, Flinders University, Flinders Palaeontology, Flinders University Big, Scientific Locations: Australia, Australia’s, it’s, South Australia, South America, “

☆ A former stay-at-home dad says he sees few paths for him to reenter the workforce after his nearly 20-year break: 'I'm underqualified for jobs that I used to do'
▼ + stars: | 2024-06-03 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

But after being a stay-at-home dad for over a decade, Dan and his wife got divorced a few years ago. AdvertisementSo after nearly 20 years out of the workforce, Dan has started to dip his toe into the job market. "When I review job sites, I'm underqualified for jobs that I used to do, and I most likely present as too old for entry-level positions," he said. "I'm resigned to ultimately taking an entry-level job if they'll have me." Dan said he'd been advised to pursue an entry-level job at Home Depot or Costco, in part so he could receive health benefits.

Persons: —, Dan, He's, that's, I'm, it's, he's, he'd, they'll, Dan's, hasn't Organizations: Service, Yorker, Business, Bureau of Labor Statistics, Walmart, Depot Locations: Costco

Narendra Modi, India's prime minister, center, during a campaign rally in Agra, Uttar Pradesh, India, on Thursday, April 25, 2024. Local exit polls over the weekend suggested Prime Minister Narendra Modi and his Bharatiya Janata Party-led alliance was set for a rare third consecutive term in power. The BJP-led National Democratic Alliance is expected to secure around 365 out of the 543 seats in the lower house of India's parliament, according to local news channel NDTV's exit poll summary. However, final results, expected on Tuesday, can diverge from exit poll projections. With the incoming government expected to highly prioritize building up India's infrastructure development, shares of Adani Group companies rose on the back of exit poll results as well.

Persons: Narendra Modi, India's, Modi, Prakash Singh Organizations: Bloomberg, Getty, BSE, Bharatiya Janata Party, BJP, National Democratic Alliance, Adani, Adani Enterprises, Ambuja Locations: Agra, Uttar Pradesh, India

☆ How the Astor family became an American dynasty
▼ + stars: | 2024-06-03 | by ( Rob Wile | Talia Lakritz | ) www.businessinsider.com time to read: +1 min

John Jacob Astor built his fortune in the fur business and New York real estate. John Jacob Astor III and William Backhouse Astor Jr. cofounded the Waldorf-Astoria after a feud. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . To this day, the Astors' money and influence still make waves in society. This story is available exclusively to Business Insider subscribers.

Persons: John Jacob Astor, John Jacob Astor III, William Backhouse Astor Jr, Astor, —, you've Organizations: Waldorf, Astoria, Service, Yorker, Business Locations: New York, Astoria, Queens

☆ Jacob Zuma Gets His Revenge on South African Party That Shunned Him
▼ + stars: | 2024-06-03 | by ( John Eligon | ) www.nytimes.com time to read: +1 min

Jacob Zuma’s political career could have ended when he was forced to resign six years ago as South Africa’s president over corruption allegations. But Mr. Zuma, 82, has improbably bounced back after every threat to his political survival, and now has significant power to determine who will lead the country. The political party that Mr. Zuma began six months ago — umKhonto weSizwe, or M.K. — finished third in last week’s national election, upending South Africa’s political landscape. The showing helped to bring about the stunning collapse of the party he once led — the African National Congress, or A.N.C., which failed to win an outright majority for the first time since the country’s democracy began in 1994.

Persons: Jacob Zuma’s, Zuma, improbably, — Organizations: African National Congress, upending Locations: South

Jacob Garcia/ReutersPolls in Mexico are set to close at 6 p.m. local time. More than 98 million voters are registered to cast a ballot in Mexico, and 1.4 million Mexicans are eligible to vote abroad. How voting has unfolded so far: Polls opened at 8 a.m. local time, however, on Sunday, some voting stations in parts of the country opened with delays. Outside polling stations, voters told CNN that public security was one of their main concerns. US officials are closely monitoring the presidential election as it comes at a critical time for the Biden administration.

Persons: Jacob Garcia, Claudia Sheinbaum, Xochitl, Jorge Álvarez Máynez, “ Morena, Gálvez, Biden Organizations: Reuters, Morena, PAN, ’ Movement, CNN, Electoral Institute, Mexican Consulate Locations: San Juan Chamula, Mexico, Mexico City, Yucatán, Madrid, Spain, United States, Mexican, Los Angeles

☆ After Trump’s Conviction, a National Enquirer Editor Sends His Regrets
▼ + stars: | 2024-06-02 | by ( Jacob Bernstein | ) www.nytimes.com time to read: 1 min

Even before former President Donald J. Trump was convicted on 34 felony counts of falsifying business records to conceal a sex scandal, a verdict was being delivered on The National Enquirer. The no-holds-barred supermarket tabloid was once famous for publishing salacious stories about celebrities and politicians. “It’s just a tragedy for the paper,” said Barry Levine, the publication’s former executive editor, sitting in the living room of his one-bedroom apartment in Manhattan on a recent morning. Even among those who consider it a guilty pleasure, The Enquirer can hardly be described as a national treasure. But try telling that to Mr. Levine, a swashbuckling journalist who worked there from 1999 until 2016 and whose professional and personal identity was shaped by it.

Persons: Donald J, Trump, “ It’s, ”, Barry Levine, Levine Organizations: National Enquirer Locations: Manhattan

☆ Novak Djokovic outlasts Lorenzo Musetti in marathon French Open third-round match which finished just after 3 a.m.
▼ + stars: | 2024-06-02 | by ( Aimee Lewis | Jacob Lev | ) edition.cnn.com time to read: +2 min

After clinching the match, Djokovic raised his arms in the air as the spectators who stayed until the wee hours gave him an ovation, including his wife, Jelena. Djokovic thanked fans during an on-court interview for giving him a boost during the crucial fourth set. Novak Djokovic praised Lorenzo Musetti for his performance. I have my opinions but I think there are great things to talk about in this match today,” said Djokovic of the scheduling, per Reuters. The reigning French Open winner, who leveled Roger Federer on the all-time list with his 369th grand slam victory, will face Argentinian Francisco Cerúndolo in the fourth round on Monday.

Persons: Novak Djokovic, Lorenzo Musetti, Philippe, Chatrier, Roland Garros, Djokovic, Jelena, ”, “, Novak, Emmanuel Dunand, I’m, Lorenzo, there’s, Rafael Nadal, Jannik, Roger Federer, Francisco Cerúndolo Organizations: CNN, Roland, Getty, Reuters, “ Locations: Paris, AFP

☆ Simone Biles leads after first day of Xfinity US Gymnastics Championships. Can she win yet another national title?
▼ + stars: | 2024-06-02 | by ( Issy Ronald | Jacob Lev | ) edition.cnn.com time to read: +4 min

CNN —Simone Biles is halfway to a record-extending ninth all-around national title after dominating the first day of the Xfinity US Gymnastics Championships and could complete the extraordinary achievement on Sunday. Suni Lee, the 2020 Olympic all-around champion, sits in fourth place overall while Jade Carey, the 2020 Olympic floor champion, is in eighth place. Simone Biles has already won eight national all-around titles. Brody Malone celebrates winning his national title. How to watch Biles competeThe second day of the women’s competition will take place on Sunday, from 6.45 p.m.

Persons: CNN — Simone Biles, Skye Blakely, Kayla DiCello, Biles, Cheng, Suni Lee, Jade Carey, Simone Biles, Jerome Miron, Vitaly Scherbo’s, Brody Malone, I’ve, ” Malone, Malone, Frederick Richard, Peacock Organizations: CNN, USA, Sports, Reuters, Tokyo Games, Olympics, NBC, CNBC, YouTube Locations: American, Khoi

☆ What’s Next for South Africa After Voters Rebuked Its Reigning Party?
▼ + stars: | 2024-06-02 | by ( John Eligon | Lynsey Chutel | ) www.nytimes.com time to read: +1 min

South Africa is headed for big change. — which has governed with sizable electoral majorities since the start of democracy in South Africa in 1994 — won only about 40 percent of the vote in last week’s election. “In their desperation, I wonder what kind of choices they will make,” said Bhekindlela Cebekhulu, 40, a theater performer in Soweto. Will South Africa have a white president soon, or might parties promoting socialism seize ownership of his home, asked Mr. Cebekhulu, who said he voted for the A.N.C. Most of all, he said, he worried about former President Jacob Zuma’s threats to change the Constitution.

Persons: —, ”, Bhekindlela Cebekhulu, Mr, Cebekhulu, Jacob Zuma’s Organizations: African National Congress, “ Locations: Africa, South Africa, Soweto, Will South Africa

☆ A Pacific Island With Ties to Taiwan Was Hacked. Was It Political?
▼ + stars: | 2024-06-02 | by ( Jacob Judah | ) www.nytimes.com time to read: +1 min

This year, Washington finalized a long-delayed plan to give Palau hundreds of millions of dollars in aid over two decades. Hours before diplomats gathered at the U.S. Embassy in Palau to toast the agreement, the island nation was hit by an enormous cyberattack. And there were hundreds of documents detailing the close relationship between Palau and Taiwan. Palau is one of the few countries in the world that recognize Taiwan as an independent democracy. Beijing has enticed other countries, like Nauru, another Pacific nation, to sever ties with Taipei.

Organizations: U.S, Embassy, Navy Locations: Palau, United States, China, Washington, U.S, Taiwan, Beijing, Nauru, Pacific, Taipei

☆ Modi's BJP-led alliance projected to win parliamentary majority in India's election, exit polls show
▼ + stars: | 2024-06-01 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +2 min

India's Prime Minister Narendra Modi looks set for a rare third consecutive term in power, as local exit polls on Saturday suggested his Bharatiya Janata Party-led alliance will clinch a parliamentary majority. According to an exit poll summary by local news channel NDTV, the BJP-led National Democratic Alliance is expected to secure around 365 out of the 543 seats in the lower house of parliament. The party or coalition that wins at least 272 votes will form the government. Final results, expected on Tuesday, can diverge from exit poll projections. If the exit polls, which have a patchy record, are confirmed, Modi will serve for another five years as the country's prime minister — a position he has held since 2014.

Persons: Narendra Modi, Modi, —, Hajra, Anand Rathi Organizations: India's, Bharatiya Janata Party, NDTV, BJP, National Democratic Alliance, Monetary Fund, Brokers, CNBC Locations: India

Wembley Stadium CNN —London’s Metropolitan Police said 53 arrests were made during the UEFA Champions League final at Wembley Stadium in London on Saturday. A spokesperson for Wembley Stadium condemned the pitch invaders. “It is illegal to enter the field of play at Wembley Stadium, and we strongly condemn the actions of those who interrupted the UEFA Champions League Final shortly after kick-off,” a Wembley Stadium spokesperson said in a statement issued Saturday. We will support the relevant authorities to ensure appropriate action is taken,” the Wembley Stadium spokesperson added. “There is a robust policing operation in place to support the Wembley security plan and officers have worked closely with stewards and stadium staff to maintain security throughout.

Persons: Marcel Sabitzer, Louise Puddefoot, Puddefoot Organizations: Wembley, CNN — London’s Metropolitan Police, UEFA Champions League, Real Madrid, Borussia Dortmund, Wembley Stadium, UEFA Champions, ”, Madrid, Champions League, CNN, Metropolitan Police, UEFA Locations: London, Real

☆ Making $100,000 a year might not be life-changing anymore, but 3 people share how it makes things a lot less stressful
▼ + stars: | 2024-06-01 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Read previewWhen Joshua first earned a $100,000 salary about five years ago, it didn't impact his lifestyle much. "I wasn't able to splurge or to afford luxurious things," the 30-year-old fintech professional, who's based in Georgia, told Business Insider via email. This story is available exclusively to Business Insider subscribers. Business Insider asked three people who've made over $100,000 a year how becoming a six-figure-earner did — and didn't — change their lives and relationships. For many of these people, a $100,000 salary could, in fact, be life-changing.

Persons: —, Joshua, doesn't, What's, who've, Cole H, Mattes, it's, ALICE, Maksim Sonin, — he's, he's Organizations: Service, Business, New York Fed, New, Fed, eBay, Monarch Media, United, Stanford University Locations: Georgia, California

☆ US vs. Chinese aircraft carriers: How the world's top flattops stack up
▼ + stars: | 2024-06-01 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +16 min

Liaoning and ShandongAircraft carrier Liaoning set out for sea trials at Dalian shipyard with the help of tugboats. A J-15 fighter takes off from aircraft carrier Shandong during the combat readiness patrol and military exercises around Taiwan. Aircraft carrier USS Gerald R. Ford sails in the Adriatic Sea. China has no experience operating carrier catapults on its warships (though it did study carrier catapults when it purchased the decommissioned Australian carrier HMAS Melbourn from Canberra in 1985 under the guise of scrapping). AdvertisementChina's third aircraft carrier, the Fujian, docks in Shanghai with a Chinese flag seen in the foreground.

Persons: —, Kuznetsov, Pu, Gerald R, Ford, George H.W, George H.W . Bush, Smith, Jackson Adkins, John F, Kennedy, Doris Miller, Dwight D, Eisenhower, Jacob Mattingly, Li Gang, Timothy Heath, Heath, China's, Benjamin Brimelow Organizations: Service, US Navy, Business, Shandong Aircraft, Getty, People's Liberation Army Navy, Getty Images Fujian, EA, Jiangnan Shipyard, Getty Images, PLAN, Xinhua News Agency, Nimitz, Ford, Aircraft, Greyhound, Navy, Carrier, USS Enterprise, Pacific Fleet, Shandong, RAND Corporation, US, Global Affairs, Fletcher School of Law, Diplomacy, Modern, Institute Locations: Shanghai, Fujian, China, China's, Liaoning, Dalian, Shandong, Soviet, Ukraine, Taiwan, Xinhua, Getty Images China, George H.W ., Adriatic, Melbourn, Canberra, Sanya, Hainan Province, West

☆ South Africa's ruling ANC loses majority in country's most sweeping political shift in 30 years
▼ + stars: | 2024-06-01 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

South Africa's governing African National Congress lost its parliamentary majority of 30 years, in the country's most sweeping political shift since the end of the apartheid. The six-months-old uMkhonto weSizwe party of the country's former president Jacob Zuma, established in December, clinched 14.6% of votes. The result marks a meteoric fall for ANC from the 57.5% wrested during the previous election of 2019 — at the time, the party's weakest feat since South Africa's first democratic vote in 1994. In 2022, the World Bank named South Africa "the most unequal country in the world." "Top-of-mind issues for voters are unemployment, loadshedding, corruption, and crime, which have all taken a toll on the country's growth performance for years," analysts at Deloitte said at the start of the month.

Persons: Jacob Zuma, Long Organizations: African National Congress, ANC, Democratic Alliance, Marxist Economic, Fighters, World Bank, Deloitte Locations: South Africa

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