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☆ Analysis: Belarus leader, long the supplicant, feted in Russia after mutiny role
▼ + stars: | 2023-06-27 | by ( Andrew Osborn | ) www.reuters.com time to read: +5 min

[1/2] Russian President Vladimir Putin and Belarusian President Alexander Lukashenko speak during a meeting at the Bocharov Ruchei residence in Sochi, Russia June 9, 2023. It was Lukashenko, according to his own narrative and Putin, who played a major role in ending a mutiny that threatened to destabilise the world's largest nuclear power. "Without Putin's support, the Lukashenko regime will not be able to survive," exiled Belarusian opposition leader Sviatlana Tsikhanouskaya said on Twitter. High-profile Russian state TV presenter Vladimir Solovyov said Lukashenko deserved to be made a Hero of Russia and Dmitry Peskov, Putin's spokesman, on Tuesday lavished praise on the Belarusian leader. Independent Belarusian media outlet Zerkalo (the Mirror), which monitored Belarusian state TV coverage of Lukashenko's role, cited presenter Yevgeny Pustovoi as saying that Minsk was becoming "the peacemaker of Slavic civilisation".

Persons: Vladimir Putin, Alexander Lukashenko, Russia's Vladimir Putin, Wagner, Lukashenko, Putin, Yevgeny Prigozhin, Prigozhin, you'll, Sviatlana Tsikhanouskaya, Vladimir Solovyov, Russia, Dmitry Peskov, Yevgeny Pustovoi, Zerkalo, Andrew Osborn, Mike Collett, White, Alex Richardson Organizations: Belarusian, Sputnik, REUTERS LONDON, Twitter, Russia's, Duma, NATO, Independent, Thomson Locations: Sochi, Russia, Kremlin, defusing, Belarusian, Moscow, Soviet, Belarus, Independent Belarusian, Minsk

☆ Shopping platform Shein poised to take major U.S. market share. UBS thinks these companies will be hurt most
▼ + stars: | 2023-06-26 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Some big-name U.S. retailers could struggle as Chinese e-commerce company Shein gains ground in the country, UBS warned. "We believe SHEIN's momentum to continue, and the company could take major market share from US Softlines companies. Elsewhere, UBS data showed Shein was the second most-downloaded shopping app in the U.S. over the past month behind Temu.com. Nearly a quarter of those Shein shoppers said sales are not important to them, which is higher than average. Of typical clothing retailers, shoppers of Shein in the last three months were most likely to also shop at TJX Companies ' TJ Maxx during that period.

Persons: Jay Sole, Shein, Sole, Temu, TJ Maxx, Ross, There's, Nordstrom, — CNBC's Michael Bloom Organizations: UBS, Wall, Companies, Inc, Navy, Amazon, Walmart, Target Locations: U.S, Shein, American

☆ Taco John’s responds to Taco Bell’s Taco Tuesday lawsuit
▼ + stars: | 2023-06-26 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —The fight for the “Taco Tuesday” trademark is getting spicy. Taco John’s, a regional chain, has responded to Taco Bell’s effort to liberate the phrase so that anyone can use it. In a filing Friday, responding to Taco Bell’s petition to “cancel” the trademark, Taco John’s parent company Spicy Seasonings denied there is “anything ‘not cool’ about” obtaining a trademark for the phrase. Gerben expects that Taco John’s and Gregory Hotel will likely conduct their own investigation as to whether or not Taco Bell has been “attempting to assist other restaurants or celebrities to use Taco Tuesday in an attempt to invalidate their trademark rights,” perhaps with a similar customer survey. “This is not going to be something where Taco Bell is going to be able to declare victory anytime soon,” he said.

Persons: Taco, ”, Taco Bell, Taco John’s, “, infringers, Josh Gerben, Taco Bell “, John’s, Gregory, Gerben Organizations: New, New York CNN, US, Taco John’s, Taco, Taco Bell, infringers, CNN Locations: New York, John’s, Wyoming, New Jersey

☆ I live in a backyard 'tiny home on wheels' for $725 a month—here's why I'm the happiest I've ever been
▼ + stars: | 2023-06-24 | by ( Jen Gressett | ) www.cnbc.com time to read: +4 min

Today, I live in a 520-square-foot tiny home on wheels that I built for $175,000. I pay $725 a month in housing costs, which covers my parking space (in the backyard of someone's home), internet, water and electricity. Photo: Sean Farney for CNBC Make ItWhen I lived in the bigger house, I'd constantly buy things that I never ended up using. Now I have a 13-gallon kitchen trash can and a 13-gallon recycling bin. Your tiny space can be whatever you want it to be.

Persons: Sean Farney, it's, I'd, Jen Gressett Organizations: CNBC

☆ Goldman Sachs faces big writedown on GreenSky deal, CNBC reports
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +1 min

June 23 (Reuters) - Goldman Sachs (GS.N) is likely to take a large writedown for its $2.2 billion acquisition of fintech lender GreenSky after seeking to divest the business it bought in 2021, CNBC reported on Friday, citing people with knowledge of the sale process. One bidder said GreenSky's loan origination platform is worth roughly $300 million, while another said it was worth closer to $500 million, according to the report. CNBC added the bids for the platform, which facilitates home improvement loans to consumers, were coming in well below Goldman's expectations. Shares of Goldman were down about 1.4% in mid-morning trading. The bank has been running a sale process for GreenSky, and may take a writedown on the $500 million of goodwill, or the premium it paid above the assets' book value, Goldman President and Chief Operating Officer John Waldron told investors at a conference in June.

Persons: Goldman Sachs, Goldman, We're, John Waldron, Warburg Pincus, Manya Saini, Jaiveer Shekhawat, Shinjini Organizations: CNBC, Goldman, KKR, Apollo Global Management, Sixth Street Partners, Synchrony Bank, Thomson Locations: Bengaluru

☆ Global watchdog seeks action on 'too little, too late' corporate goodwill writedown
▼ + stars: | 2023-06-22 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

LONDON, June 22 (Reuters) - Tougher accounting rules may be needed that force companies to write down goodwill faster and stop "overly optimistic" calculations, a global securities watchdog said on Thursday. Goodwill refers to the premium a company has paid for another company, above the net value of its assets. Too little, too late refers to companies suddenly slashing goodwill when major profitability issues emerge. IOSCO is an umbrella group for securities regulators from the United States, Canada, Latin America, Europe and Asia. Since the financial crisis, total goodwill of S&P 500 companies in the United States has more than doubled from $1.6 trillion in 2008 to $3.7 trillion in 2021, IOSCO said.

Persons: IOSCO, FASB, Huw Jones, Elaine Hardcastle Organizations: International Organization of Securities Commissions, European Union, Accounting, EU, ., Thomson, & $ Locations: United States, Canada, Latin America, Europe, Asia, Britain

☆ No breakthrough as EU's Borrell holds crisis talks with Kosovo, Serbia leaders
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +3 min

BRUSSELS, June 22 (Reuters) - EU foreign policy chief Josep Borrell proposed steps to end weeks of violence in predominantly Serb areas of northern Kosovo to the leaders of Kosovo and Serbia on Thursday, but there were no signs of an immediate breakthrough. Tensions worsened after Serbian police arrested three Kosovo policeman last week, saying they crossed the border between the two countries. The top EU diplomat said he asked Kurti "to announce early elections, as soon as possible, in all four municipalities on condition of participation of Kosovo Serbs". "Here is the core of the problem and also the core of the solution - early elections, as soon as possible," Borrell told reporters after four hours of talks. Vucic said he was ready for more talks with EU mediators, adding that meeting Kurti in person "makes no sense".

Persons: Josep Borrell, Albin Kurti, Aleksandar Vucic, Borrell, Kurti, Borell, Vucic, Aleksandar Vasovic, Andrew Grey, Fatos, Alex Richardson Organizations: Kosovo, Kosovo police, EU, Thomson Locations: BRUSSELS, Kosovo, Serbia, Pristina, Serbian, Brussels, Kosovo Serb, Kosovo Serbs, EU

☆ Israel says hoped-for direct Hajj flights to Saudi Arabia won't happen now
▼ + stars: | 2023-06-19 | by ( Dan Williams | ) www.reuters.com time to read: +2 min

JERUSALEM, June 19 (Reuters) - Israel said on Monday that hoped-for direct flights to Saudi Arabia for the Muslim Hajj pilgrimage would not happen this year, and played down any prospects of an imminent U.S.-mediated normalisation of relations with Riyadh. Regional powerhouse Saudi Arabia gave its quiet assent to Gulf neighbours United Arab Emirates and Bahrain forging ties with Israel in 2020. "Perhaps for the next Hajj we will be in a position to help in this matter, and (direct) flights will depart from here," National Security Adviser Tzachi Hanegbi told Kan radio. "Since we thought a Saudi-U.S. agreement was the precursor for any (Israeli) peace deal with Riyadh, we assessed that ... it would not have a high chance of being realised," Hanegbi told Israel Hayom. Visiting Saudi Arabia on June 8, U.S. Secretary of State Antony Blinken said the administration would continue working on normalisation "in the days, weeks and months ahead".

Persons: Israel, Benjamin Netanyahu, Tzachi Hanegbi, Kan, Biden, normalisation, Hanegbi, Israel Hayom, Antony Blinken, Eli Cohen, Dan Williams, Mark Heinrich Our Organizations: Riyadh ., Saudi, United, Israel, Transport Ministry, Channel, Thomson Locations: Saudi Arabia, U.S, Riyadh, Riyadh . Regional, Gulf, United Arab Emirates, Bahrain, Hajj, Saudi, Iran, Washington, Israel, United States

Having failed to revive a 2015 Iran nuclear deal, Washington hopes to restore some limits on Iran to keep it from getting a nuclear weapon that could threaten Israel and trigger a regional arms race. An Iranian official said: "Call it whatever you want, whether a temporary deal, an interim deal, or a mutual understanding - both sides want to prevent further escalation." U.S. Special Envoy for Iran Rob Malley has also met Iran's ambassador to the U.N. after months of Iran refusing direct contact. The Western official said the key U.S. objective was to keep the nuclear situation from worsening and to avoid a potential clash between Israel and Iran. U.S. House Foreign Affairs Committee Chairman Michael McCaul, a Republican, wrote to President Joe Biden on Thursday saying "any arrangement or understanding with Iran, even informal, requires submission to Congress".

Persons: Donald Trump, Matt Miller, Washington, Brett McGurk, Ali Bagheri Kani, Iran Rob Malley, miscalculate, Michael McCaul, Joe Biden, Parisa, John Irish, Arshad Mohammed, Ramu Ayub, Simon Lewis, Daphne Psaledakis, Don Durfee, William Mallard Organizations: U.S . Congress, State Department, U.S . National Security, International Atomic Energy Agency, U.S, . House Foreign, Republican, John, Thomson Locations: DUBAI, PARIS, United States, Iran, Russia, Washington, Israel, Tehran, U.S, de, Ukraine, Oman, Ali Bagheri Kani . U.S, IRAN, ISRAEL, Parisa Hafezi, Dubai, Paris, Saint Paul , Minnesota

☆ Exclusive: African leaders to propose 'confidence building measures' to Russia, Ukraine
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +6 min

Summary African leaders travel to Ukraine and Russia Friday and SaturdayAiming to begin "diplomacy-led" process to resolve conflictAfrica hit hard by economic fallout of warJOHANNESBURG, June 15 (Reuters) - African leaders could propose a series of "confidence building measures" during their initial efforts to mediate in the conflict between Russia and Ukraine, according to a draft framework document seen by Reuters on Thursday. "The conflict, as well as the sanctions placed on Russia by major trading partners of the (African) Continent, have had an adverse effect on African economies and livelihoods," it said. The document lists a number of measures that could be proposed by the African leaders as part of the first stage of their engagement with the warring parties. The African peace effort is just one of several competing initiatives aimed at ending the fighting. Among the measures that could be proposed by the African leaders in the first stage of their engagement was an "unconditional grain and fertiliser deal".

Persons: Macky Sall, Cyril Ramaphosa, Volodymyr Zelenskiy, Vladimir Putin, Putin, Antonio Guterres, Ramaphosa, It's, Guterres, Zelenskiy, Michelle Nichols, Tom Balmforth, Joe Bavier, Olivia Kumwenda, Mark Potter, Nick Macfie Organizations: Reuters, Ukrainian, Global, NATO, United, Johannesburg, United Nations, Thomson Locations: Ukraine, Russia, Africa, JOHANNESBURG, Senegal, Zambia, Comoros, Kyiv, St, Petersburg, Russian, Belarus, China, Moscow, United Nations, Turkey

☆ Silvio Berlusconi obituary: former Italian PM brought burlesque to politics
▼ + stars: | 2023-06-12 | by ( Crispian Balmer | ) www.reuters.com time to read: +9 min

[1/3] Italy's Prime Minister Silvio Berlusconi looks on during a news conference at Chigi Palace in Rome, Italy, August 4, 2011. As with his political party, so with his business empire, Berlusconi left no single heir apparent. After Barack Obama was elected the first African-American president of the United States, Berlusconi congratulated him for being "tall, handsome, and suntanned". Berlusconi himself had no regrets about his political career, although he clearly felt he was often betrayed. "But when I come to think about it, I cannot recall the name of a single friend in politics."

Persons: Silvio Berlusconi, Tony Gentile ROME, Brash, ebullient, Berlusconi, Donald Trump, Il Cavaliere, Bettino Craxi, Vladimir Putin, Alan Friedman, Nicolas Sarkozy, BUNGA, Karima El Mahroug, Hosni Mubarak, Veronica Lario, Marta Fascina, Barack Obama, Mark Heinrich, Andrew Heavens, Angus MacSwan Organizations: REUTERS, Chi, AC Milan soccer, Forza Italia, Senate, Roman, Socialist Party, Moroccan, Union, Thomson Locations: Rome, Italy, U.S, Milan, Ukraine, United States

☆ UK minister: 'The world has moved on' from Boris Johnson
▼ + stars: | 2023-06-11 | by ( ) www.reuters.com time to read: +2 min

LONDON, June 11 (Reuters) - The world has moved on from former British prime minister Boris Johnson and the governing Conservative Party and the rest of the country do not miss the drama of his period in office, energy minister Grant Shapps said on Sunday. Asked about criticism from Johnson and his allies that he was forced out, Shapps told Sky News: "The world has moved on. "I really like Boris and I worked very closely with him," Shapps told BBC TV. He also took aim at current Prime Minister Rishi Sunak. "I think Boris Johnson feels that there is an opportunity for him now to go off and lick his wounds, but also seize new opportunities."

Persons: Boris Johnson, Grant Shapps, Johnson, Shapps, Boris, Harri, Rishi Sunak, Kylie MacLellan, Jason Neely Organizations: Conservative Party, Sky News, BBC, Thomson Locations: Downing, Britain

☆ The recycling idea at Levi's, Adidas, Zara to stop trillions in fast fashion from going to waste
▼ + stars: | 2023-06-11 | by ( Carolyn Chun | ) www.cnbc.com time to read: +8 min

The multi-trillion dollar fashion industry contributes significant greenhouse gas emissions, between 8% to 10% of total global emissions, according to the United Nations. With the majority of textiles in the fashion industry blended, it is harder to recycle one fiber without harming another. Spinnova partnered with the world's largest pulp and paper company this year, Suzano, to turn wood and waste into recycled textile fiber. Textile waste, by some measures, is a bigger issue than plastics waste, and it has a similar problem. Late last year it worked on a limited collection with fast fashion clothing giant — and consumer consumption flashpoint — Zara, using its recycled textile waste material.

Persons: LEVI, Alexander Donka, Paul Dillinger, Levi Strauss, Spinnova, Chloe Songer, Songer, Victor J, Levi's Levi Strauss, Dillinger, You've, we're, —, Stacy Flynn, Flynn, Levi's, Stella McCartney, — Zara Organizations: McKinsey, United Nations, McKinsey Sustainability, Co, Shoppers, Blue, Bloomberg, Getty, Adidas, CNBC Locations: Sweden, Africa, Zara, New York

Parliament's privileges committee - the main disciplinary body for lawmakers - had the power to recommend Johnson be suspended from parliament. Johnson hinted that he could return to politics, declaring he was leaving parliament "for now". The investigation is chaired by a senior Labour Party lawmaker, but the majority of lawmakers on the committee are Conservatives. A spokesperson for the committee said Johnson had "impugned the integrity" of parliament with his resignation statement. Johnson used his resignation statement on Friday to deliver an attack on the premiership of Sunak, whom he partly blames for ending his government.

Persons: Boris Johnson, Johnson, Brexit, britannique Boris Johnson, Peter Nicholls, Rishi Sunak, Nadine Dorries, Angela Rayner, Sunak, David Milliken, Daniel Wallis Organizations: Labour, LONDON, British, Conservative Party, Labour Party, L'ancien, Conservatives, Johnson's, Thomson Locations: Downing, London, Brexit, Britain, à Londres

NEW YORK, June 9 (Reuters) - Stephanie Cohen, the head of Goldman Sachs Group Inc's (GS.N) fintech unit called Platform Solutions, is taking a leave of absence for family reasons, she said in a memo to staff seen by Reuters. "The past year has brought some challenges for my family," Cohen said in the memo. Philip Berlinski, the bank's treasurer, and Ericka Leslie, its chief administrative officer, will handle Cohen's responsibilities in her absence. Cohen is the only woman executive to lead one of Goldman's three main business units. Cohen joined Goldman Sachs as an analyst in 1999, was named managing director in 2008 and partner in 2014.

Persons: Stephanie Cohen, Cohen, Philip Berlinski, Ericka Leslie, Goldman Sachs, Goldman, John Waldron, Lananh Nguyen, Saeed Azhar, Nick Zieminski Organizations: YORK, Goldman Sachs, Reuters, Thomson Locations: New York

LONDON, June 9 (Reuters) - Former Prime Minister Boris Johnson quit as a member of British parliament on Friday in a furious protest against lawmakers investigating his conduct, reopening divisions in the ruling Conservative Party ahead of national elections next year. Johnson said he was stepping down because it was "clear" that the committee was "determined to use the proceedings against me to drive me out of parliament". He also chided current Conservative Prime Minister Rishi Sunak for his performance in power. Parliament's privileges committee had the power to recommend Johnson be suspended from parliament for more than 10 days if they were to find he did mislead parliament recklessly or deliberately, potentially triggering an election for his seat. It is the second in a day for Prime Minister Rishi Sunak after an ally of Johnson, Nadine Dorries, announced she would step down.

Persons: Boris Johnson, Johnson, Rishi Sunak, Nadine Dorries, Andrew MacAskill, Andy Bruce, Daniel Wallis Organizations: Former, Conservative Party, Conservative, London, Thomson Locations: Britain, Uxbridge, South Ruislip

Jack Daniel's Properties Inc is owned by Louisville, Kentucky-based Brown-Forman Corp (BFb.N). The dispute pitted the whiskey brand's trademark rights against legal protections for creative expression - in this case a send-up by Phoenix-based VIP Products of Jack Daniel's Old No. Jack Daniel's spokesperson Svend Jansen said the company was pleased with the decision. "Jack Daniel's is a brand recognized for quality and craftsmanship, and when friends around the world see the label, they know it stands for something they can count on. Circuit Court of Appeals in 2020 ruled in favor of VIP Products on two grounds.

Persons: Jack, Read, Jack Daniel's, Elena Kagan, Brown, Kagan, Svend Jansen, Jansen, Ginger Rogers, Ginger, Fred, Federico Fellini, Fred Astaire, Rogers, infringer, Joe Biden's, John Kruzel, Andrew Chung, Will Dunham Organizations: U.S, Supreme, VIP Products, Inc, Forman Corp, VIP, Rogers, New, Circuit, Appeals, Hollywood, Thomson Locations: Washington, WASHINGTON, Louisville , Kentucky, Phoenix, Tennessee, New York, San Francisco

☆ CNN's story on the ouster of its CEO is a giant middle finger
▼ + stars: | 2023-06-07 | by ( Hayley Peterson | ) www.businessinsider.com time to read: +2 min

CNN reporter Oliver Darcy described Licht's tenure as "stained by a series of severe missteps." Darcy wrote that Licht alienated employees at all levels of CNN and effectively "lost the room." He said the chairman and CEO alienated employees at all levels of the organization and effectively "lost the room." But he "quickly squandered much of that goodwill through a series of blunders, many of his own making," Darcy wrote. "In the final days, Licht seemed to understand that he had alienated staffers," Darcy wrote.

Persons: Christ Licht, Oliver Darcy, Darcy, Licht, Chris Licht, Licht's, Jeff Zucker, Stephen Colbert, Brian Stelter, Donald Trump, Kris Coratti Kelly, Matt Dornic Organizations: CNN

☆ CNN Chairman and CEO Chris Licht is out after a brief and tumultuous tenure
▼ + stars: | 2023-06-07 | by ( Oliver Darcy | ) edition.cnn.com time to read: +7 min

New York CNN —Chris Licht, the embattled chief executive and chairman of CNN, whose brief one-year tenure at the network was stained by a series of severe missteps, departed the company on Wednesday. “I met with Chris and he will be leaving CNN,” David Zaslav, the chief executive of parent company Warner Bros. But it became increasingly clear that Licht’s tenure as the chief executive was not tenable and quickly coming to an end. The CNN chief had, in effect, lost the room. Hundreds of CNN employees were laid off in late November and early December.

Persons: Chris Licht, “, Chris, ” David Zaslav, Jeff Zucker, Stephen Colbert ”, Kevin Mazur, Tim Alberta, Licht, David Leavy, Zaslav, ”, ” Zaslav, “ It’s, Amy Entelis, Virginia Moseley, Eric Sherling, Joe ”, Licht’s, Zucker, Brian Stelter, Don Lemon, Poppy Harlow, Kaitlan Collins, Lemon, Donald Trump, Christiane Amanpour Organizations: New, New York CNN, CNN, Warner Bros, CNN Worldwide, Discovery, CBS, Columbia Journalism School, Licht Locations: New York, CNN’s Hudson, Alberta

☆ The mother-daughter duo behind the thrift store Buffalo Exchange explains how they built a $103 million company from used clothes
▼ + stars: | 2023-06-05 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +6 min

Kerstin and Spencer Block founded the resale chain Buffalo Exchange in 1974. Back then, secondhand clothing carried a stigma as a lower-class necessity, said Kerstin Block, the president and co-owner of Buffalo Exchange. The industry is expected to double in size, reaching $350 billion by 2027, and Buffalo Exchange is at the forefront of resale's emerging appeal. Popularizing the 'buy, sell, trade' modelKerstin (left) and Spencer Block in their first resale store in Tucson, Arizona. "It really is the fun part of the job — being in the store and helping customers," Rebecca said.

Persons: Kerstin, Spencer Block, Rebecca, —, Kerstin Block, Rebecca Block, Tucson , Arizona . Buffalo Exchange Kerstin, Spencer, Jennifer Le Zotte, Le Zotte, Buffalo Exchange Spencer, Buffalo Exchange's Organizations: Buffalo Exchange, Service, Google, Buffalo, Tucson , Arizona . Buffalo Exchange, University of North, tote, Nike Locations: Buffalo, Tucson , Arizona, University of North Carolina, New York, Buffalo Exchange's Ventura , California

☆ Chinese state media dismiss U.S. diplomat's Beijing visit
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +3 min

BEIJING, June 5 (Reuters) - A Chinese state-backed newspaper criticised the visit of a senior U.S. State Department official to China, saying his visit was motivated more by Washington's own goal to portray itself as the side seeking communication and not Beijing. Sino-U.S. relations have sunk to new lows since U.S. State Secretary Antony Blinken scrapped a planned trip to China in February after an alleged Chinese spy balloon flew through U.S. airspace. Some experts have great doubts as to whether the U.S. side can inject some positive energy into bilateral relations ahead of the next U.S. presidential elections, the Global Times said. "The U.S. has been seeking dialogue while continuing to be provocative," it reported, quoting an expert at a Chinese state think tank. "We haven't seen any positive statements from the U.S. concerning the core interests or bilateral relations."

Persons: Washington's, Pacific Affairs Daniel Kritenbrink, Antony Blinken, Laura Rosenberger, Lloyd Austin, Li Shangfu, Ryan Woo, Ben Blanchard, Michael Perry, Stephen Coates Organizations: U.S . State Department, United, Global Times, State, East Asian, Pacific Affairs, State Department, American Institute, Washington, Central News Agency, . Defense, China's, Austin, Thomson Locations: BEIJING, U.S, China, Beijing, United States, Taiwan, South China, Taipei, Singapore, Russia

SINGAPORE, June 4 (Reuters) - The United States should ease off military deployments close to China in an act of "good faith" if high-level defence talks between the two superpowers are to resume, a retired veteran Chinese diplomat said in Singapore on Sunday. Cui said of U.S. naval and air force deployments close to China. Those risks were highlighted during the weekend as China's military criticised the United States and Canada for "deliberately provoking risk" after the countries' navies staged a rare joint sailing through the sensitive Taiwan Strait on Saturday. U.S. deployments near China, Cui said, were "certainly disrespect of other countries' sovereignty and territorial integrity and to be more specific, they always prefer unilateral sanctions." "As a matter of principle, we are always ready for more dialogue with others, including with the United States."

Persons: Cui Tiankai, Cui, They're, Cui's, of National Defence Li Shangfu, Li, Lloyd Austin, Austin, Chen Lin, Greg Torode, Gerry Doyle Organizations: Reuters, of National Defence, U.S . Defence, Thomson Locations: SINGAPORE, United States, China, Singapore, U.S, Taiwan, East, South China, Canada, Russia

☆ Donald Trump says he has told Fox News' Sean Hannity not to joke about President Biden's cognitive ability
▼ + stars: | 2023-06-04 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +2 min

Trump says he told Fox News host Sean Hannity not to joke about Joe Biden's cognitive ability. The former president said he doesn't think it looks good for anyone to joke about a "serious problem." download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyFormer President Donald Trump said he had told Fox News host Sean Hannity not to joke about President Joe Biden's cognitive ability. "You can speak about it if you want, but I don't think you should joke about it," Trump said. Despite generally being very critical of Biden, Trump appears to be sympathetic toward him regarding his physical and mental well-being.

Persons: Trump, Sean Hannity, Joe, Biden, —, Donald Trump, Joe Biden's, Hannity, Sean Organizations: Fox News, Service, Air Force Academy, Biden Locations: Iowa, United States, West

☆ For companies, the stakes are high this Pride
▼ + stars: | 2023-06-01 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +10 min

New York CNN —Companies have long embraced Pride Month in June as an uncomplicated way to market to members of the LGBTQ+ community while telegraphing progressive values. Gavin Newsom called out Target’s CEO for “selling out the LGBTQ+ community to extremists.”The current landscape “is alarming,” Todd said. “That middle ground is going away.”So this year, companies that want to participate in Pride have to be prepared to take a real stance. Some of those lashing out have described a campaign against Pride itself, rather than Bud Light or Target (TGT) specifically. It won’t be worth whatever they think they’ll gain.”It’s no coincidence that the anti-trans assault comes as trans rights are under legal attack across the nation.

Persons: Bud Light, Bud Light’s Instagram, Bud, BUD, Eric Thayer, ”, Daniel Korschun, “, —, Jared Todd, Gavin Newsom, ” Todd, ” Korschun, Sen, J.D, Vance, J, Justin Sullivan, Anna Moneymaker, Matt Walsh, Sarah Kate Ellis, Ellis, Trevor, Seth Wenig, ” Ellis, Todd, It’s, didn’t, Colin Kaepernick, Drexel’s, Korschun, Jared Watson, ” Watson, Watson, Pattie Gonia, ’ ” Watson, ’ Organizations: New, New York CNN — Companies, Target, Bud Light, Anheuser, Busch, National LGBT Chamber of Commerce, Bloomberg, Getty, Drexel University, Wall Street, Foundation, Human Rights, HRC, California Gov, —, Pride, Twitter, HumanRights, UCLA School of Law, GLAAD, Morning, Nike, New York University, “ Locations: New York, Ohio, Target, California, America, New Jersey

☆ Opinion: Why Erdogan’s win isn’t all it seems
▼ + stars: | 2023-05-29 | by ( Opinion Ruth Ben-Ghiat | ) edition.cnn.com time to read: +8 min

In the run-up to the first round of voting, Erdogan’s interior minister, Süleyman Soylu, tellingly likened the election to the 2016 attempted coup. Off the back of Erdogan’s win, we can expect Turkey to draw even closer to Russia, which supplies more than one-third of its petroleum and oil products. So look for Erdogan to follow whatever geopolitical path benefits his Russian patron, including continued opposition to Sweden joining NATO. Erdogan’s economic policies have contributed to horrific inflation: over 80% in October, a 24-year record, and still at 44% last month. For all his bluster about modernizing Turkey, Erdogan has created an environment of fear, hostility and economic hardship.

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