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AdvertisementThen hurricane season went quiet. There were no named storms between August 13 and September 3 — typically around when hurricane season is reaching its peak. CHANDAN KHANNA/Getty ImagesAt the start of the Atlantic hurricane season in June, NOAA predicted up to 13 hurricanes by the season's end. Joe Raedle/Getty ImagesThis year's unusual hurricane season may be a sign of things to come. AdvertisementRosencrans said that there's a large window for peak hurricane season, and the peak varies each year.
Persons: Milton, We've, Hurricane Milton, Hurricane Helene, Kelly Núñez Ocasio, What's, Debby, Ernesto, Hurricanes Helene, Niña, it's, Matthew Rosencrans, CHANDAN KHANNA, Rosencrans, Stephanie Zick, It's, Núñez Ocasio, Helene, Joe Raedle Organizations: NOAA, Service, Atlantic, Texas, University's Department, Atmospheric Sciences, Atmospheric Administration, Hurricanes, Colorado State University's Department of Atmospheric, Virginia Tech's Department of Geology Locations: Hurricane, Florida, Pacific, Florida's, Bend, Gulf of Mexico, Caribbean, Hurricane Milton, Gulf, St, Petersburg , Florida
Oversea-Chinese Banking Corp will stop processing Russian transactions in November, Bloomberg reported. The Singaporean bank is following lenders in China, which have largely pulled back from Russia. AdvertisementAnother bank has turned its back on Russia as lenders grow worried about doing business with Moscow under threat of Western sanctions. The changes come as more lenders grow hesitant about doing deals with Russian clients after the West threatened to impose secondary sanctions on firms doing business in the country. A Russian state media outlet reported that nearly all Chinese banks have stopped processing payments from Russia out of fear of being targeted.
Persons: , Oversea, hasn't Organizations: Chinese Banking Corp, Bloomberg, Service, Banking Corp, Business Locations: Russia, China, Moscow, Singapore, Russian
By Indian law, rape victims cannot be named. Protests and strikesIndia has struggled for years to tackle high rates of violence against women, with a number of high-profile rape cases drawing international attention. Doctors and social activists carry posters during a rally to condemn the rape and murder of a medic in Kolkata on October 2, 2024. Despite these changes, rape cases remain prevalent in the country, with victims and advocates saying the government is still not doing enough to protect women and punish attackers. According to India’s National Crime Records Bureau, a total of 31,516 rape cases were recorded in 2022, an average of 86 cases per day.
Persons: New Delhi CNN —, Kolkata’s, Vineet Kumar Goyal, ” FAIMA, Dibyangshu Sarkar Organizations: New, New Delhi CNN, CNN, Central Bureau of Investigation, RG Kar Medical College and Hospital, CBI, Kolkata, Federation of All India Medical Association, Getty, Indian Medical Association, Crime Records Locations: New Delhi, Kolkata, West Bengal, India, AFP
The relationship between Trump and Putin has long been a source of controversy. AdvertisementWith only a month to go before the presidential election, Donald Trump's relationship with Russian President Vladimir Putin has once again come under the spotlight. In a forthcoming book, journalist Bob Woodward says that the former president and Putin have a closer friendship than previously known. The Ukraine war has already roiled markets for food, oil, gas, and other products, and wider conflict could have an even more devastating impact. If Russian President Vladimir Putin is victorious in Ukraine, it may embolden Chinese leader Xi Jinping to invade Taiwan.
Persons: Trump, Putin, , Donald Trump's, Vladimir Putin, Bob Woodward, Steve Cheung, Woodward, Robert Mueller, Yuri Gripas, Joe Biden, he'd, he's, JD Vance, Volodymyr Zelenskyy, Philip Ingram, Zelenskyy, Kenneth Rogoff, William Pomerantz, Vance, Xi, Ingram, Xi Jinping, Sergei Savostyanov, Jamie Dimon, Dimon, William Reinsch, Kamala Harris, Harris, Pomeranz Organizations: Service, CNN, Washington Post, Putin, Trump, Kremlin, REUTERS, Republicans, International Monetary Fund, Wilson Center, Getty, JPMorgan, CNBC, TV18, Center for Strategic, International Studies, Wall Street Locations: Ukraine, Russia, British, Europe, Washington ,, China, Russian, Taiwan, NATO, Asia, India, Pennsylvania
Storm surge along the western Florida coast began to pick up as daylight dwindled and Hurricane Milton came ashore with its heavy rains and damaging winds, bringing the threat of major flooding. Flood gauges showed rapidly rising water levels on the coast at Fort Myers and Naples Bay shortly after Milton’s center arrived on land near Sarasota. Forecasters warned of the life threatening surge, which was expected to reach up to 13 feet in some areas, like Boca Grande on the far edges of the western coast. The term storm surge describes the dramatic, higher-than-expected rise in water levels brought on by a storm, according to the National Oceanic and Atmospheric Administration. “The combination of a dangerous storm surge and the tide will cause normally dry areas near the coast to be flooded by rising waters moving inland from the shoreline,” forecasters had earlier warned.
Persons: Hurricane Milton Organizations: Hurricane, National Oceanic, Atmospheric Administration Locations: Florida, Fort Myers, Naples, Sarasota, Boca Grande
Ukraine said Wednesday it carried out a drone attack on a key Russian ammunition depot overnight. AdvertisementThe Ukrainian armed forces said that it carried out a drone strike on a major Russian ammunition depot overnight. The Russian military is said to have stored missiles and artillery shells, including munitions from North Korea, and highly destructive glide bombs at the targeted arsenal. Business Insider couldn't independently verify the video details or claims about the Ukrainian attack. Hundreds of secondary explosions have been reported at the key Russian ammunition dump, reportedly housing North Korean munitions.
Persons: , couldn't, GRAU, tI1UUVCKzB, KvJBo2F6nn, Maria Avdeeva Organizations: Service, GRAU Arsenal, Unmanned Systems Forces, Arsenal, Missile and Artillery Directorate Locations: Ukraine, Russia, Russian, Karachev, Russia's, Bryansk, North Korea, Moscow, Kyiv
Seoul, South Korea CNN —North Korea’s army said it will take the “substantial military step” of completely cutting off its territory from South Korea on Wednesday, after months of fortifying its heavily armed border. Since January, Pyongyang has fortified its border defenses, laying land mines, building anti-tank traps and removing railway infrastructure, according to the South Korean military. Over the past year, a US aircraft carrier, amphibious assault ships, long-range bombers and submarines have visited South Korea, drawing angry rebukes from Pyongyang. “North Korea’s threats, both real and rhetorical, reflect the regime survival strategy of a hereditary dictatorship.”North and South Korea have been separated since the Korean War ended in 1953 with an armistice agreement. In January, Kim said North Korea would no longer seek reconciliation and reunification with South Korea, calling inter-Korean relations “a relationship between two hostile countries and two belligerents at war,” KCNA reported at the time.
Persons: Kim Jong, Kim, , Hong Min, ” Hong, Yoon Suk Yeol, Leif, Eric Easley, “ Kim Jong Un, ” Easley, ” KCNA Organizations: South Korea CNN, North, South, DPRK, Staff, Korean People’s Army, Democratic People’s, South Korean, General Staff, US, Korea’s, Chiefs, Korea Institute for National Unification, CNN, Inter, Korean, Armed Forces, Ewha Womans University, North Korean, United Nations Command Locations: Seoul, South Korea, North Korea, Democratic People’s Republic of Korea, Pyongyang, Hong, Russia, West
Gas stations around the state have already run out of fuel as people attempt to either leave the state or have fuel on stock for at-home generators. About 1,200 of the state's 7,900 gas stations, or nearly 16%, are currently without fuel, according to data from GasBuddy. Floridians are still recovering from Hurricane Helene, which devastated the state in late September, and now are scrambling to prepare or escape the projected storm areas. Hurricane Milton is expected to bring life-threatening storm surges, as well as isolated tornadoes and dangerous flooding. Rain has already hit the Tampa metropolitan area and winds are likely to increase Wednesday afternoon.
Persons: Hurricane Helene, Hurricane Milton Organizations: Gas Locations: Milton, GasBuddy, Hurricane, Tampa, Tampa , Florida
CNN —A recently discovered comet, known as C/2023 A3 Tsuchinshan–ATLAS, will make its closest approach of Earth on Saturday. Sky-gazers won’t want to miss the event since it may be the last time the comet will be seen in the night sky for another 80,000 years. It will just appear to hang there, and it will slowly change position from night to night,” Cooke said. C/2023 A3 Tsuchinshan–ATLAS appears brighter in an image taken by the Virtual Telescope Project three days after the comet reached its perihelion. “For many people, and especially children, seeing a bright comet in the night sky is a beautiful and life-changing experience,” Kareta said.
Persons: CNN —, Gianluca Masi, Bill Cooke, It’s, ” Cooke, , Teddy Kareta, Cooke, ” Kareta Organizations: CNN, Southern Hemisphere, Northern Hemisphere, NASA, Telescope, Marshall Space, Lowell, Virtual Telescope, American Meteor Society, Taurids Locations: Italy, Meteoroid, Huntsville , Alabama, South Africa, Flagstaff , Arizona
44 health care workers saw multiple cases of preteen children who had been shot in the head or chest in Gaza. 2 did not Merril Tydings Flight, emergency and critical care nurse, 44 years old, Santa Fe, N.M. “ These people were starving. ” Abeerah Muhammad Emergency and critical care nurse, 33 years old, Dallas, Texas “ Everyone we met showed us pictures of themselves before October. ” Merril Tydings Flight, emergency and critical care nurse, 44 years old, Santa Fe, N.M. “ It is very simple. ” 53 health care workers saw many children suffering from easily preventable infections, some of whom died from them.
Persons: Gaza Daniel Benneworth, Gray, I’ve, , Mimi Syed, Khan Younis, , ” Dr, Mohamad Rassoul Abu, bariatric, Nina Ng, Dr, Mark Perlmutter, Mount, Irfan Galaria, Khawaja Ikram, Israel, Ahlia Kattan, Ndal Farah Anesthesiologist, ” Asma Taha, Nahreen Ahmed, Aman Odeh, Mike Mallah, Deborah Weidner, Tanya Haj, Hassan, , Laura Swoboda, Feroze, couldn’t, Mohammed Al, Adam Hamawy, Talal Ali Khan Nephrologist, Arham Ali, Loma, Newborn, ” Monica Johnston Burn, ” Brenda Maldonado, Ayman Abdul, Ghani, Ammar Ghanem, Mohamad Abdelfattah, ventilators, ” Laura Swoboda, Benjamin Netanyahu, Israel’s, Harris, ProPublica, Peter Beinart, Kamala Harris, Ms, it’s Organizations: Nurses, Gaza’s Ministry of Health, West Bank, Mark Perlmutter Orthopedic, , United, Rights, Oxfam, United States, Israeli Defense Ministry, Committee, UNICEF, Gaza, Hamas, Biden, U.S Locations: Gaza, Ukraine, Haiti, Flint, Mich, Israel, Pittsburgh, Pa, New York City, N.Y, N.C, Chantilly, Va, , Savannah, Ga, Dallas , Texas, Costa Mesa, Calif, Toledo , Ohio, Santa Fe, Portland, Philadelphia, Austin , Texas, Charleston, S.C, Hartford, Conn, Olympia, Wash, Mequon, Wis, Lathrop, Ohio, South Brunswick, N.J, Oklahoma City, Okla, Loma Linda, Vancouver, Honolulu, Hawaii, Detroit, Tustin, United States, U.S, Al, Lebanese
In today's big story, we got our first interest-rate cut, but it doesn't feel like it for many consumers . We finally got an interest-rate cut, but borrowing costs are still high. First off, last month's interest-rate cut wasn't going to provide immediate relief. Yes, the average 30-year fixed mortgage rate has gone up 47 basis points since the Fed cut rates , writes BI's Matthew Fox. So the Fed cut rates but borrowing costs went up?
Persons: , Milton, Alyssa Powell, isn't materializing, Jennifer Sor, Let's, BI's Matthew Fox, I'm, It's, BI's James Rodriguez, who's, Warren Faidley, Hurricane Milton, Hindenburg, Chelsea Jia Feng, Vinod Khosla, OpenAI, Mark Zuckerbergs, Gen Zers, haven't, Rebecca Zisser, Elon Musk's, Tesla, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Gas, Hindenburg, Tech, DOJ, Google, Walt Disney World, Hurricane Milton, Federal Reserve, Fed, Treasury, Hurricane, Energy, Futures, Bank of America, Disney Locations: Florida, Warren, Tampa, Chelsea, Robotaxi, Hurricane, New York, London
CNN —The chance to win an NBA title doesn’t come around very often. Even when they do, injury misfortune can instantly derail a team’s title dream. That’s why Nuggets head coach Michael Malone said he “never” takes Jokić’s “greatness” for granted as the pair attempt to retake their NBA crown. The MVPs, the championship, he’s still the same guy. “You have the highest victory, first franchise championship in 47 years.
Persons: doesn’t, Nikola Jokić, , Jokić, , Michael Malone, , Ronald Martinez, ” Malone, CNN’s Bijan, I’ve, Nikola, Steph Curry, LeBron James, Russell Westbrook, he’s, He’s, Jaylen Brown, Larry O’Brien, Peter Casey, Westbrook, Dario Šarić, Malone, , wouldn’t, team’s, Adam Silver, ” Silver, “ We’ve, Joe Dumars –, Fadel Senna, Holiday, that’s Organizations: CNN, Denver Nuggets, Nuggets, Minnesota Timberwolves, NBA, Boston Celtics, of Famer, Dallas Mavericks, USA, Reuters, Western Conference, West, Celtics, Getty Locations: Serbian, Abu Dhabi, AFP, Boston
Learn moreThe Prime Big Deal Days event is on its second and last day, and there are still Prime Day SSD deals to be had on Amazon for your PC or PS5. Every SSD here can be used in a PC, but only the best SSDs for PS5 meet Sony's requirements (a storage minimum of 250GB with a sequential read speed of 5,500MB/s). It's still an extremely high performer, but it's not especially suited for PS5 storage expansion due to its slower-than-recommended speeds. View at AmazonWestern Digital 4TB WD_Black SN850X $254.72 $699.99 Save 64% WD_BLACK is the premier name in solid-state drive technology, especially for gamers. Check out our roundup of all of the best Prime Day deals, or browse Amazon's website for the full selection.
Persons: aren't, SSDs, it's Organizations: Business, Deal, Samsung Locations: 1TB
Hurricane Milton may cause major losses for catastrophe bond investors. AdvertisementThe back-to-back barrage of Hurricanes Helene and Milton could trigger big losses for investors in catastrophe bonds. However, on the other hand, a strong hurricane can trigger various clauses within catastrophe bonds, resulting in big losses for investors. AdvertisementHowever, according to RBC, higher reinsurance rates implemented following Hurricane Ian could soften the blow for cat bond investors, depending on the severity of Hurricane Milton. The potential for massive damage caused by Hurricane Milton, which is considered to be a once-in-a-generation event, is also dragging down global reinsurer stocks.
Persons: Milton, , Hurricanes Helene, Hurricane Ian, Hurricane Milton, Helene, Hurricane Organizations: Service, Hurricanes, Investors, Swiss Re, Hurricane, Jefferies, RBC, Cat, Swiss Locations: Florida, Hurricane, Artemis, Hurricane Milton, North Carolina, Munich
Major infrastructure upgrades meant to protect Florida’s Tampa Bay area from flooding are months away from completion, as the vulnerable region braces for what could be the worst hurricane in more than a century, officials said. Hurricane Milton is expected to strike the Tampa area overnight Wednesday and into Thursday morning with life-threatening storm surge of up to 15 feet, said Austen Flannery, a meteorologist with the National Weather Service’s Tampa office. Since then, the region’s population has grown from roughly 400,000 people to 3.8 million, and the number of buildings has either tripled or quadrupled, according to the Tampa Bay Regional Planning Council. The National Weather Service said Tuesday was the last full day for Florida residents to do so. “This is playing out to be one of our worst case scenarios for our area,” said Wren Krahl, the Tampa Bay Regional Planning Council's executive director.
Persons: Hurricane Milton, Austen Flannery, Ian, Helene, ” Flannery, ” Milton, Joshua Cascio, , ” Cascio, Cascio, Adam Smith, ” Smith, Dennis Smith, Smith, Ron DeSantis, Flannery, Wren Krahl, “ I’ve Organizations: Hurricane, Weather, National Weather Service, Workers, Florida State University’s Department of Urban, World Bank, Tampa, Tampa Bay Regional Planning, Statewide, Florida Gov, Tampa Bay Regional Locations: Florida’s Tampa Bay, Tampa, , Florida, Seminole, Milton, “ Tampa, Miami, Tampa Bay, Milton’s
They went to Disney World for theme park rides and photo ops with Mickey Mouse. In the past few days, Hurricane Milton has morphed from a pesky storm system in the Gulf of Mexico to a historic hurricane that Florida Gov. A notification popped up on her Disney app informing her that the resort was monitoring a quickly progressing storm. Farther inland, in the greater Orlando area where Disney is located, the Orlando airport announced it would be closing at 8 a.m. Wednesday. Only a handful of hurricanes have forced the parks to close in Disney’s more than 50-year history, according to the fan-run Walt Disney World Magazine.
Persons: Mickey Mouse, Hurricane Milton, Ron DeSantis, Milton, , , Telissa Carpenter, Carpenter, , we’ve, Milton eying, Cara Prior, Disney, Kensly Williams, Williams, Ashleigh Giliberto, , She’s, she’s, I’ve, we’re Organizations: Disney, Hurricane, Florida Gov, Walt Disney, National Hurricane Center, Orlando, Walt Disney World Magazine, Universal Orlando Resort, Associated Press Locations: Florida, Gulf, Mexico, Orlando, Indianapolis, Tampa, Disney’s, United States, Thompson’s, Tennessee, Fairbury , Nebraska, Miami, Indiana
Vice President Kamala Harris’ campaign is launching a blitz in Arizona this week, with plans to swamp the battleground state with events and canvassing efforts, all timed around the start of early voting. “All of that, to me, is the type of activity that’s required to win a close race. Campaign officials also say to expect Harris to time events around early voting in many of the battleground states. Those polls also show Democratic Senate candidate Ruben Gallego outperforming Harris in his race against Republican Kari Lake. We know it’s gonna be a close race.
Persons: Kamala Harris ’, Tim Walz, Doug Emhoff, Jill Biden, Harris, Walz, Biden, Deb Haaland, Sen, Alex Padilla, Jasmine Crockett, Maxwell Frost of, we’ve, , Dan Kanninen, Donald Trump, Ruben Gallego outperforming Harris, Republican Kari Lake, Jeff Flake, Jimmy McCain, Republican Sen, John McCain, you’ve, ” Kanninen, Joe Biden, Harris ’, Gina Swoboda, Swoboda, Sean McEnerney, “ We’ve, ” McEnerney, McEnerney, we’ll Organizations: Minnesota Gov, NBC, Tucson, Democratic, Republican, Republicans outpacing Democrats, Independents, Senate, , GOP, Democrats, Trump, Arizona Democratic Party Locations: Arizona, Harris, Minnesota, Phoenix, Yuma, Alex Padilla of California, Jasmine Crockett of Texas, Maxwell Frost of Florida, In Arizona, Cochise County, It’s Arizona
The last thing she heard her son scream was, “Jesus, please save me!”Days later, the heartbroken mom was mourning her 7-year-old son Micah, her 73-year-old parents, Nora and Michael, and she was thanking God for saving her. “I see my mom floating by and she’s screaming: ‘Micah! Micah!’” Drye said. As she struggled to stay above the water, Drye said, she was smacked by debris coming from every direction. There were no more landings.”But Drye let go.
Persons: Megan Drye, Hurricane Helene, Drye, “ Jesus, Micah, Nora, Michael, , ” Drye, Helene, Jessica Turner, ” Michael, Megan Drye Drye, ‘ Micah, , weren’t, Heather Kephart, Turner, ‘ Jesus, ’ ” Organizations: Facebook, Mission Locations: Asheville, North Carolina, Florida, Buncombe County, Texas, N.C, Minnesota
President Joe Biden has postponed his overseas trip this week due to Hurricane Milton, according to two sources familiar with the planning. Biden was scheduled to depart for Berlin on Thursday and then travel to Angola in Southern Africa, returning to the U.S. on Oct. 15. "Given the projected trajectory and strength of Hurricane Milton, President Biden is postponing his upcoming trip to Germany and Angola in order to oversee preparations for and the response to Hurricane Milton, in addition to the ongoing response to the impacts of Hurricane Helene across the Southeast," White House Press Secretary Karine Jean-Pierre said in a statement. Residents there are still reeling from the destruction caused by Hurricane Helene last month. Criswell will be in Florida providing guidance and coordinating disaster response to Milton, White House press secretary Karine Jean-Pierre told reporters Monday.
Persons: Joe Biden, Hurricane Milton, Biden, Hurricane Helene, Karine Jean, Pierre, Milton, Donald Trump, Kamala Harris, Helene, Harris, Trump, Deanne Criswell, João Lourenço, , States ’ Organizations: House Press, FEMA, NBC News, Defense Department, White Locations: Hurricane, Berlin, Angola, Southern Africa, Germany, Florida, North Carolina, Georgia, Milton, U.S, States, United States
McCallum’s speech comes amid a string of Western warnings about the increasing risk of state-sponsored sabotage by nations including Russia and Iran, and as wars in Ukraine and the Middle East rock global security. “We are powerfully alive to the risk that events in the Middle East directly trigger terrorist action in the UK,” he said. And al Qaeda “has sought to capitalise on conflict in the Middle East, calling for violent action.”“After a few years of being pinned well back, they’ve resumed efforts to export terrorism,” he said. The UK has joined allies including the US in loudly publicizing allegations of Russian sabotage since Moscow’s invasion of Ukraine. A third drew up plans to stab people at a music festival and shared terrorist propaganda online,” McCallum said.
Persons: , Ken McCallum, McCallum, ” – McCallum, , they’ve, ’ McCallum, ” McCallum, , Christopher Wray Organizations: London CNN — ISIS, ISIS, British, MI5, Europe – Locations: Qaeda, United Kingdom, London, Russia, Iran, Ukraine, Britain, Europe, Salisbury , England, United States, British
I've loved the Caribbean but I'm more interested in other ports now that I've been on 50+ cruises. Although I still love these ports, they've lost their appeal to me now that I've been on more than 50 cruises. Sailing through the Norwegian fjords is one of my favorite cruise experiences to date — the breathtaking views surrounds the ship in all directions, offering endless photo opportunities. So, no matter the itinerary, I now tend to book lengthier sailings — ideally ones longer than a week. Amanda AdlerAlthough I've secured great pricing on international cruises, I'm often looking to sail closer to home in the US.
Persons: I've, , — it's, they've, it's, Amanda Adler, we've Organizations: North, Service, Acadia Locations: Bahamas, Scandinavia, Caribbean, Europe, Iceland, Norway, Central Europe, New England, Boston, Canada, West Coast, Catalina, Hawaii
Nearly 16% of gas stations in Florida had run out of fuel as of late morning Tuesday as people flee north to escape the path of Hurricane Milton, according to data from GasBuddy. About 1,200 of the state's 7,900 gas stations are currently without fuel, according to the data. The storm is forecast to remain "an extremely dangerous hurricane" through landfall in Florida, according to the forecasters. Gas stations are running out of fuel and lines are long but there is not a shortage in the state, DeSantis said. Terminals with power, however, could begin distribution of fuel Saturday and Sunday depending on worker and truck driver availability as well as whether local gas stations are working, he said.
Persons: Patrick De Haan, De Haan, Milton, National Hurricane Center . Milton, Ron DeSantis, DeSantis, Andy Lipow, Lipow Organizations: CNBC, National Hurricane Center ., Florida Gov, Lipow Oil Associates, Sunday Locations: Florida, Hurricane Milton, GasBuddy, Port, Tampa, Milton
The head of Britain's domestic spy agency on Tuesday accused Russian military intelligence of being on a "sustained mission" to cause mayhem in Britain and Europe. The spy chief said the agency was having to deal with a "dizzying range" of beliefs and ideologies, citing risks posed by Russia, Iran, China and others. McCallum said the number of state threat investigations MI5 is running had jumped 48% in the last year. He said the GRU — Russian military intelligence — in particular was on "a sustained mission to generate mayhem on British and European streets: we've seen arson, sabotage and more." "This goes well beyond all historical precedent – and has put a big dent in the Russian intelligence services' ability to cause damage in the West," he added.
Persons: Ken McCallum, McCallum, Vladimir, " McCallum Organizations: MI5, CNBC Locations: Britain, Europe, London, Russia, Iran, China, Ukraine, Moscow
Russia faces mounting economic issues that could prove "unsolvable," a think tank expert says. This will exacerbate economic imbalances at home, Alexandra Prokopenko wrote in the FT.Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "Instead of hoping that Russia's economic combat power will soon be exhausted, the West must focus on a long-term strategy that will further constrain Putin's war machine and boost Ukraine's own economic resilience." In boosting spending to such heights, Russian President Vladimir Putin is effectively dismissing brewing economic imbalances as other parts of the budget become squeezed. By pouring more money into defense, the Kremlin is exacerbating existing economic imbalances," Prokopenko wrote, adding: "Putin faces an unsolvable trilemma of simultaneously maintaining a balanced financial system, meeting social obligations and sustaining defense spending at current levels."
Persons: Alexandra Prokopenko, , Prokopenko, Prokopeko, Vladimir Putin, Putin, bode Organizations: Service, Carnegie Russia Eurasia Center, Financial Times, Defense, Putin, Kremlin Locations: Russia, Europe, Ukraine, Soviet, Moscow, stagflation
Hurricane Milton, now a Category 4, is expected to hit Florida's west coast Wednesday. Hurricane Milton rapidly intensified to a Category 5 storm on Monday, leading Florida Gov. AdvertisementNOAA's GOES-16 satellite is tracking Hurricane Milton from space. Hurricane Milton underwent an explosive intensification within 48 hours from a tropical storm to a Category 5. By Tuesday morning, Hurricane Milton had lost some of its strength and is now a Category 4.
Persons: Milton, , Hurricane Helene, Hurricane Milton, Ron DeSantis, Hurricane Wilma, Hurricane Felix, Stephanie Zick, Zick, Matthew Rosencrans, that's, Rosencrans Organizations: Service, Florida Gov, National Hurricane Center, NOAA, Milton, Hurricane, Virginia Tech's Department of Geology, Astronauts, Space, Hurricane Milton, NHC Locations: Milton, Gulf of Mexico, Hurricane, Florida, Charlotte, Hillsborough, Manatee, Gulf, Mexico, Tampa, Tampa Bay
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