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☆ Ukraine-Russia war sees U.S. mull Patriot missile defense battery for Kyiv. It's not enough.
▼ + stars: | 2022-12-15 | by ( Pavel K. Baev | Pavel K. Baev Is A Research Professor At The Peace Research Institute Oslo | Prio | ) www.nbcnews.com time to read: +8 min

The feeble Russian response to Ukraine’s recent drone attacks suggests the West has room to maneuver. The drone attacks also point to how the West can do more to turn the tide of war in Ukraine’s favor. But the Patriot deployment would take months even in the best circumstances, and the war gives no respite. And the feeble Russian response to Ukraine’s recent drone attacks suggests the West has room to maneuver. A U.S. Army Patriot Missile System operates at a joint exercise with NATO allied and partner forces, in Zadar, Croatia, on May 17, 2021.

☆ Investing in Space: Coopetition
▼ + stars: | 2022-12-15 | by ( Michael Sheetz | ) www.cnbc.com time to read: +2 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Left without rides to space, OneWeb and Northrop turned to one of their biggest rivals in satellite broadband and space cargo delivery, respectively. Space – and the perspective it brings of a single, fragile planet floating in the dark – is often seen as unifying. I've often seen how tight-knit the space industry is – but that doesn't mean competitors are flying off into the sunset together. A programming note: Investing in Space will be taking the next week off for holiday travel.

She said “the double standard was obvious” with the way that Catherine, Princess of Wales, had been treated by sections of the British media compared to Meghan, particularly during their pregnancies. “British media is disproportionately white, and that shapes the way stories are framed,” he said. In the third episode, footage shows Meghan and Harry attending a memorial service for Stephen Lawrence, a Black teenager killed in an attack by white youths in London in 1993. Instead, Harry refers to “unconscious bias” within the royal family, which Meghan helped to educate him on. Princess Michael of Kent attends a Christmas lunch for the extended royal family at Buckingham Palace on Dec. 20, 2017, wearing a "blackamoor" brooch.

☆ Morocco vs. France World Cup 2022 game highlights globalization
▼ + stars: | 2022-12-14 | by ( Tony Karon | Tony Karon Is The Editorial Lead Of Al Jazeera'S Aj | Channel. Also An Associate Professor At The New School In New York | ) www.nbcnews.com time to read: +6 min

The iconic image of the 2022 World Cup may well be Morocco’s Sofiane Boufal dancing with his mum after his team’s brilliant upset victory over Portugal in the quarterfinals. Boufal and his mother — like the majority of Morocco’s players and coaches — live in European cities, part of that continent’s vast marginalized and embattled migrant underclass. Morocco’s prowess as the first African team to make the semifinals of the World Cup brings us ever closer to fulfilling soccer icon Pelé’s prophecy. Indeed, this was the first World Cup in which all five African teams were coached by African coaches, rather than by European journeymen. The team's strategy suggests its coach has rewritten the playbook that long recommended African teams play pessimistic defensive football, hoping for a lucky break.

A combination of targeted subsidies and local demand will help. China's dependence on foreign suppliers for lithography machines, used to print patterns onto silicon wafers, light-resistant wafer coatings known as photoresists and other vital tools cannot be understated. A 2021 report found that Chinese chipmakers buy less than a fifth of their equipment by value from local suppliers and that the country has localised less than 8% of annual equipment demand. China's equipment specialists, such as little-known firms NAURA Technology Group (002371.SZ) and Advanced Micro-Fabrication Equipment (688012.SS), are probably too small to effectively absorb massive amounts of government funding anyway. The majority of the funds will be used to subsidise the purchase of domestic semiconductor equipment by Chinese chipmakers.

☆ China's stunning reversal on lockdowns showed that mass protests can influence policy change in the country — but experts say it still doesn't threaten Xi's regime
▼ + stars: | 2022-12-11 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

But experts on China say it's unlikely the protests will embolden future political movements. The changes come after protests against COVID measures erupted all across China — rare for a country where dissent is snuffed out quickly. Baogang He, the chair of international relations at Deakin University in Australia, agreed that the protests show how mass anger can influence government policy, but not regime change. "No one is strong enough to exploit or dare to use these protests to mount a challenge to Xi Jinping," Xi, the professor, told Insider. Chong said that although Xi holds extensive power in China, the protests and subsequent rollback both underscore how he can make major mistakes, too.

☆ Saudi Arabia and China will align on everything from security to oil, but agree not to interfere on domestic issues
▼ + stars: | 2022-12-09 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +6 min

Riyadh and Beijing were keen to stress “the importance of stability in the world oil markets,” noting that Saudi Arabia is a reliable exporter of crude oil to its Chinese partner. China also affirmed its “opposition to any actions that would interfere in the internal affairs of the Kingdom of Saudi Arabia,” without adding more details. On Friday, Xi invited Saudi King Salman bin Abdulaziz Al-Saud to visit China, according to Saudi state TV. President Xi was given a warm welcome in Saudi Arabia with ceremonies on Thursday. Saudi Arabia “is pursuing a multipolar strategy of strong strategic ties,” added Shihabi.

The Chinese pharmaceutical giant may revive a buyout of its 32%-owned traditional medicine arm listed in Hong Kong. The state-backed group's latest bid for China Traditional Chinese Medicine (0570.HK) looks generous. China TCM's woes are a stark contrast to mainland-listed rivals, including some with heavy exposure to drugs presented as fixes to Covid-19. Assuming some of that enthusiasm can rub off on China TCM, that makes Sinopharm's latest offer look like a steal. Follow @mak_robyn on TwitterloadingCONTEXT NEWSSinopharm is considering reviving a bid for China Traditional Chinese Medicine Holdings, Bloomberg reported on Dec. 7, citing people familiar with the matter.

It stood in stark contrast to the low-key welcome extended in July to U.S. President Joe Biden, with whom ties have been strained by Saudi energy policy and the 2018 murder of Jamal Khashoggi that had overshadowed the awkward visit. In an op-ed published in Saudi media, Xi said he was on a "pioneering trip" to "open a new era of China's relations with the Arab world, the Arab countries of the Gulf, and Saudi Arabia". [1/6] Saudi Crown Prince Mohammed Bin Salman welcomes Chinese President Xi Jinping in Riyadh, Saudi Arabia December 8, 2022. Chinese and Saudi firms also signed 34 deals for investment in green energy, information technology, cloud services, transport, construction and other sectors, state news agency SPA reported. While Saudi Arabia was an important U.S. ally, she noted, "in recent years, it has upheld its strategic autonomy, resisted the pressure of the United States".

☆ Zelenskyy's TIME Person of the Year Award is proof that resilience is the most important trait any leader can have
▼ + stars: | 2022-12-07 | by ( Marguerite Ward | ) www.businessinsider.com time to read: +12 min

He embodies valor and resilience, traits business leaders should exhibit in tough times. The Ukrainian leader's speaking style is characterized by short sentences, vivid imagery, and empathy, all of which make him effective. A 2021 research paper published in the Academy of Management Journal found business leaders who led by example boosted productivity in their businesses. Some of the most convincing business leaders of our time have leaned into emotion when making key arguments. "President Zelenskyy remains focused on his core assignment.

HONG KONG, Dec 1 (Reuters Breakingviews) - Covid-19 lockdowns and protests across China have highlighted the risks of the mutual dependence between Taiwan's Foxconn and its top customer Apple (AAPL.O). It makes 70% of the world’s iPhones, according to Fubon Research. Meanwhile Apple’s huge investments into Foxconn have paid off: the U.S. company is the most profitable smartphone maker by far. Foxconn has been scrambling to contain the fallout, offering bonuses to temporary workers and shifting production to other facilities. At the time, Foxconn said it was bringing the situation under control and was coordinating with other plants to increase production.

☆ Parents of Stanford Soccer Star Katie Meyer Sue University for Wrongful Death
▼ + stars: | 2022-11-26 | by ( Jennifer Calfas | ) www.wsj.com time to read: 1 min

Katie Meyer, a senior studying international relations and a team captain of Stanford’s soccer team, was found dead in her dorm room on March 1. The parents of Katie Meyer , a star Stanford University soccer player who died by suicide earlier this year, are suing the university, alleging its management of a potential disciplinary action led to her death. The lawsuit, filed Wednesday in the Superior Court of California in Santa Clara County, alleges Stanford administrators pursued unwarranted and “overly punitive” disciplinary action against Ms. Meyer for an incident that occurred months before her death. It also alleges they failed to respond appropriately to Ms. Meyer’s distressed response to the potential disciplinary action.

☆ Malaysia's new prime minister Anwar Ibrahim vows to unify the country and fight corruption
▼ + stars: | 2022-11-25 | by ( Su-Lin Tan | ) www.cnbc.com time to read: +4 min

watch nowNew prime minister Anwar Ibrahim has pledged to make "Malaysia for all Malaysians," fight corruption and reiterated that he won't be taking a salary as Malaysians battle rising costs of living. International relationsCongratulations poured in from leaders from all over the world including Indonesian President Joko Widodo and Singapore Prime Minister Lee Hsien Loong. Malaysia's Anwar Ibrahim takes his first press conference after being appointed prime minister. Perikatan Nasional won 73 seats and was runner-up to Anwar's Pakatan Harapan which won 82 seats. Prime Minister Anwar Ibrahim swron in by Malaysia's King Sultan Abdullah Sultan Ahmad Shah on Thursday Mohd Rasfan | Afp | Getty Images

[1/3] Members of the pro-Ukrainian Chechen battalion check an area, amid Russia's attack on Ukraine, in the town of Bakhmut, Ukraine November 11, 2022. Maga, his nom-de-guerre, is part of a unit of Chechen fighters helping Ukraine battle Russian troops in eastern Ukraine. "We're not fighting just for the sake of fighting," said Maga, who declined to give his real name for security reasons. That has not extinguished hope among Kadyrov's opponents, including Chechens fighting Russian forces in Ukraine, that the authoritarian "power vertical" which Putin has built could crumble if Moscow lost in Ukraine. "The armed forces of the Chechen Republic of Ichkeria are being renewed here today," he told the Ukrainian service of Radio Free Europe/Radio Liberty on Oct. 24.

☆ North Korea's flurry of missile tests has South Korea talking about the nuclear option
▼ + stars: | 2022-11-23 | by ( Robert Kelly | ) www.businessinsider.com time to read: +6 min

North Korea has done dozens of missile tests this year, including an ICBM test last week. We should always keep talking to North Korea — it is too dangerous to ignore — but there is little realistic hope that North Korea will deal profoundly with its nukes or missiles at this point. South Koreans watch a news report on North Korean missile tests. The current South Korean president, Yoon Seok-yeol, suggested, as a candidate, that South Korea might preemptively air-strike North Korean missile sites in a crisis. The South Korean conservative party has suggested that South Korea should withdraw from the NPT if the North conducts a seventh nuclear test.

It was a rare, candid glimpse of the Chinese leader and a reminder of Beijing's testy relations with the West. Besides Biden, Trudeau and Australia's Anthony Albanese, Xi also met the leaders of South Korea, Italy, Argentina, Holland and France for bilateral talks in Bali. Xi was ferried around Bali in his own Hongqi (Red Flag) limousine - Mao Zedong used an earlier model - China's version of the U.S. presidential "Beast" limo. Returning to in-person diplomacy also gives Xi a platform to push Chinese initiatives that further cement its stature as leader of the emerging world. "I think in the coming years you'll see China indeed making a serious effort to implement its major power diplomacy," he said.

HONG KONG, Nov 17 (Reuters Breakingviews) - Naspers (NPNJn.J) has a new Tencent (0700.HK) quandary. In June, they launched an open-ended plan to gradually sell Tencent shares and use the proceeds to repurchase stock in both companies. The problem, however, is that Tencent stock has underperformed that of Naspers and Prosus. Over the same period Naspers shares rose 6% while those of its Dutch subsidiary are down 19%. “The Naspers Board and Prosus Board reiterate their continued confidence in Tencent's long term prospects and continue to believe that the share repurchase programme is in the best interests of Prosus, Naspers and their respective shareholders," they said in a statement.

☆ G20's criticism of Russia reflects the rise of new Asian power: India
▼ + stars: | 2022-11-17 | by ( Rhea Mogul | ) edition.cnn.com time to read: +9 min

“Today’s era must not be of war,” it said, echoing what Indian Prime Minister Narendra Modi told Russian leader Vladimir Putin during a face-to-face meeting in September. “How India united G20 on PM Modi’s idea of peace,” ran a headline in the Times of India, the country’s largest English-language paper. India's Prime Minister Narendra Modi and Indonesia's President Joko Widodo hold hands during the handover ceremony at the G20 leaders' summit, in Nusa Dua, Bali, Indonesia, November 16, 2022. British Prime Minister Rishi Sunak and India's Prime Minister Narendra Modi hold a bilateral meeting on November 16, 2022 in Nusa Dua, Indonesia. And while this year’s G20 was looked at through the lens of the war, India could bring its own agenda to the table next year.

☆ Key takeaways from the G20 summit in Bali
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +6 min

Here are key takeaways from the meeting:CONDEMNING RUSSIAN AGGRESSIONMeetings of G20 ministers earlier this year ended without joint declarations because of Russian opposition to references to the war in Ukraine. With the Ukraine war, as well as massive pandemic-era spending packages blamed for fuelling red-hot inflation, the G20 countries said further fiscal stimulus measures should be "temporary and targeted". Besides the meeting with Biden, Xi held talks with Australian Prime Minister Anthony Albanese, South Korean President Yoon Suk-yeol, Canadian Prime Minister Justin Trudeau and French President Emmanuel Macron. A meeting with British Prime Minister Rishi Sunak was cancelled due to scheduling issues, Downing Street said. Xi is set to meet Japanese Prime Minister Fumio Kishida later this week.

☆ Russia's Lavrov went to hospital for 'checkup': Indonesia official
▼ + stars: | 2022-11-14 | by ( Associated Press | ) www.nbcnews.com time to read: +3 min

Russian Foreign Minister Sergey Lavrov visited and later left a Bali hospital ahead of the Group of 20 summit being held on the island, Indonesian authorities said Monday. Four Indonesian government and medical officials earlier told The Associated Press that Lavrov was treated at the hospital in the provincial capital, Denpasar. Lavrov is Russia’s longest-serving foreign minister since Soviet times, when Andrei Gromyko, nicknamed “Mr Nyet” in the West for his uncompromising approach, held the post for 28 years. Before becoming foreign minister, Lavrov served as Russia’s permanent representative to the United Nations. Before Russia’s invasion of Ukraine, Lavrov repeatedly dismissed U.S. and British assertions that Putin was preparing to order an invasion.

☆ China could reshape the international world order, says Michelle Caruso-Cabrera
▼ + stars: | 2022-11-14 | by ( Michelle Caruso-Cabrera | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina could reshape the international world order, says Michelle Caruso-CabreraMichelle Caruso-Cabrera, CNBC contributor, joins ‘Squawk Box’ to discuss the meeting between U.S. President Joe Biden and Chinese President Xi Jinping and what it means for international relations.

The White House said in a statement after the meeting that Biden raised concerns about human rights and China’s provocations around Taiwan. “President Biden and President Xi reiterated their agreement that a nuclear war should never be fought and can never be won,” a White House readout said, referring to the threat of nuclear weapons use in Ukraine. U.S. President Joe Biden meets with Chinese President Xi Jinping on the sidelines of the G20 leaders' summit in Bali, Indonesia, November 14, 2022. Planning for Monday’s meeting predated Pelosi’s trip, and discussions continued between US and Chinese officials despite Beijing’s furor. “Xi is not an enigma to President Biden,” a senior administration official told CNN.

SHARM EL-SHEIKH, Egypt, Nov 12 (Reuters) - Strengthening trade ties and regional security will be priorities in an upcoming visit by Chinese leader Xi Jinping to Saudi Arabia, Saudi minister of state for foreign affairs Adel Al-Jubeir said on Saturday. Jubeir did not give details of the trip but said visits between Chinese and Saudi leaders were "natural". "China is Saudi Arabia's largest trading partner, we have huge investments in China and the Chinese have huge investments in Saudi Arabia," he told Reuters on the sidelines of the COP27 climate summit in Egypt. Jubeir said Saudi Arabia, the world's top oil exporter, was sincere in its efforts to tackle climate change and limit greenhouse gas emissions. "We believe in Saudi Arabia there is no contradiction between improving climate and producing oil," Jubeir said.

TORONTO, Nov 11 (Reuters Breakingviews) - Some members of the shared economy are seeing a resurgence in the side hustle as inflation bites. People are becoming more interested in driving for Uber Technologies (UBER.N) and listing their abodes on Airbnb (ABNB.O) in order to make an extra buck. U.S. President Joe Biden last month proposed a new gig worker rule that could fundamentally change how companies classify their workers. But the shared economy seems to be holding up fine, even if the economy isn’t. Uber Technologies on Nov. 1 said revenue grew 72% year-on-year to $8.3 billion in the third quarter.

☆ Iran's drones are unlikely to help Russia win in Ukraine — and could backfire for Tehran
▼ + stars: | 2022-11-11 | by ( Natasha Turak | ) www.cnbc.com time to read: +7 min

Ukraine has blamed Iran for providing Russia with drones, which have been used to attack Kyiv in recent days. They transferred dozens just this summer & have military personnel in occupied Ukraine helping Russia use them against Ukrainian civilians." Amirabdollahian said that "if it is proven to us that Russia has used Iranian drones in the Ukraine war, we won't be indifferent to it." They've also come in handy for Moscow as Russia's military runs low on more advanced weaponry like guided missiles. "Such systems could become a big headache for the Russians and could make Iran's drones and missiles look ineffective while teaching Western militaries how better to counter them," he said.

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