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And they clearly had little interest in helping Mr. Putin avoid a major, embarrassing fracturing of his support. While it is not clear exactly when the United States first learned of the plot, intelligence officials conducted briefings on Wednesday with administration and defense officials. Still, American officials concluded that Mr. Prigozhin’s public statements were not controlled by Mr. Putin. But it was only in recent days that intelligence officials got the initial warnings that Mr. Prigozhin might take action. President Biden, speaking in October, talked of the dangers that Mr. Putin would pose if he felt cornered and said the United States was looking for “off ramps” for Mr. Putin.

Persons: Yevgeny Prigozhin, Wagner, Prigozhin, Vladimir V, Putin, Mr, Prigozhin’s, “, ”, Sergei K, Valery Gerasimov, Wagner ., Tatiana Stanovaya, Shoigu, Stanovaya, Gerasimov, Biden, Donald J, Trump Organizations: Wagner Group, United, CNN, United States, Russian Defense Ministry Press Service, Associated Press, Intelligence, Russian, Ukrainian, Mr, Ministry of Defense, Defense Ministry, Carnegie Endowment, International Locations: Rostov, Don, Russia, United States, Ukraine, St . Petersburg, Moscow, Belarus, United, U.S, Russian, Bakhmut, Wagner . Russia

☆ Putin has been exposed as a 'lame duck,' experts say: 'I have the feeling he is not really running the country'
▼ + stars: | 2023-06-25 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +5 min

Yevgeny Prigozhin's rebellion is over but the damage to Vladimir Putin is irreversible, experts say. The Wagner boss showed that the Russian president no longer enjoys a monopoly of force in his country. Among Moscow's elites, "there is the growing feeling that he is a lame duck," a Russian journalist said. But there is the growing feeling that he is a lame duck, and they have to prepare for Russia after Putin." [...]Suggestions that Prigozhin's rebellion, the Kremlin's response, and Lukashenko's mediation were all staged by the Kremlin are absurd.

Persons: Yevgeny Prigozhin's, Vladimir Putin, Wagner, —, Putin, Prigozhin, Mikhail Zygar, Zygar, Alexsandr Lukashenko, Lukashenko, Andrew Kolesnikov, Saturday's, Kolesnikov, Mick Ryan, Insider's Katherine Tangalakis, hasn't, Ryan Organizations: Service, Ministry of Defense, Institute for, Carnegie Endowment, Wall Street Journal, Center for Strategic, International Studies Locations: Russian, Moscow, Ukraine, Yorker, Belarus, Russia, Washington

In the war-torn Chechnya region, Mr. Kadyrov built up a private fiefdom while professing loyalty to no official but Mr. Putin himself. A judo sparring partner from Mr. Putin’s youth became a construction billionaire and built Mr. Putin’s landmark bridge to Crimea. And then there was Mr. Prigozhin, who has said that he met Mr. Putin in 2000 as a St. Petersburg restaurateur. In Ukraine, as Mr. Prigozhin tells it, Wagner troops were only called in after Mr. Putin’s initial invasion plan failed. But Mr. Putin seemed to vacillate on his own support for Mr. Prigozhin.

Persons: Vladimir V, Putin, Yevgeny V, Prigozhin, Putin’s, “, ”, —, “ Putin, Tatiana Stanovaya, ” Mr, Ramzan Kadyrov, Aleksandr G, Lukashenko, Mr, Wagner, tycoons, Boris N, Yeltsin, Kadyrov, Prigozhin’s, K.G.B, Donald J, Trump, Weeks, ’, Putin “, Andrei Soldatov, Prigozhin “, ” Mark Galeotti, ” Neil MacFarquhar, Valerie Hopkins Organizations: Carnegie Russia Eurasia Center, ., Reuters, Federal Security Service, Kremlin, Television, Defense, Defense Ministry, Center for Locations: Russia, Moscow, Russian, Rostov, Chechnya, Belarus, Russia’s, Don, Ukraine, Putin’s, Crimea, St, Petersburg, United States, Syria, Africa, Ukrainian, Bakhmut

☆ Interest rates have broken the global wealth pump
▼ + stars: | 2023-06-23 | by ( Edward Chancellor | ) www.reuters.com time to read: +7 min

Rising inflation and higher interest rates would appear to make matters even worse. In the United States, immigration and the offshoring of manufacturing has undercut the power of labour. Ultra-low interest rates proved the greatest wealth pump ever devised, loading the dice in favour of the financial elite. Since the turn of the century, when the Federal Reserve under Alan Greenspan reduced interest rates to a new post-war low, wealth has consistently grown faster than GDP. That’s where higher interest rates come in.

Persons: Leonard Cohen, Peter Turchin, “ cliodynamics ”, Clio, Turchin, Hong Xiuquan, Andrew Carnegie, Henry Clay Frick, ”, Donald Trump, ” Turchin, Alan Greenspan, Peter Thal Larsen, Oliver Taslic Organizations: Reuters, Times, Elites, Steel, Reuters Graphics Reuters, Wall Street, Federal Reserve, McKinsey Global Institute, McKinsey, Thomson Locations: United States, France, China, Taiping, Japan

☆ Modi's U.S. visit: Both countries got what they wanted, says former Indian ambassador
▼ + stars: | 2023-06-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailModi's U.S. visit: Both countries got what they wanted, says former Indian ambassadorArun Singh, non-resident senior fellow at Carnegie India, and former Indian ambassador to the United States, discusses Prime Minister Narendra Modi's state visit to the U.S. and Tesla's investment plans in India.

Persons: Arun Singh, Narendra Modi's Organizations: Carnegie India Locations: United States, India

☆ U.S.-India relations enter a new chapter and could unlock even more tech and defense deals
▼ + stars: | 2023-06-23 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +4 min

Bloomberg | Bloomberg | Getty ImagesU.S.-India relations entered a new chapter as Prime Minister Narendra Modi and President Joe Biden announced a slew of technology and defense deals. "We were strangers in defense cooperation at the turn of the century, but now the United States has become one of our most important defense partners." That includes more military agreements, according to Atul Keshap, president of the U.S.-India Business Council, and former charge d'affaires at the United States Embassy in New Delhi said. And that is not contingent upon India supporting the United States down the line. "The U.S. understands that the human tech capital is a very important part of U.S. global leadership in innovation," said Singh, who previously served as India's ambassador to the United States.

Persons: Joe Biden, Narendra Modi, Modi, Atul Keshap, CNBC's, Biden, Raymond Vickery, Pant, Arun Singh, Singh, ORF's Pant Organizations: Joe Biden India's, White, Bloomberg, Getty, U.S . Congress, CNBC, U.S ., India Business Council, United States Embassy, India's, Washington Post, The Washington Post, F414, . Navy, Washington, Center for Strategic, International Studies, Observer Research Foundation, Carnegie India Locations: Washington , DC, India, U.S, United States, New Delhi, Republic of India, Washington ,, China, Delhi

☆ Putin's clashing warlords are on the verge of full-blown violence that could weaken his grip on power
▼ + stars: | 2023-06-23 | by ( Kelsey Vlamis | Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

The ongoing feud between Putin's warlords came to the brink of violence on Friday. Wagner boss Yevgeny Prigozhin went on a tirade against the Defense Ministry, prompting calls for his arrest. "The evil carried by the country's military leadership must be stopped," Prigozhin said, adding that his 25,0000 mercenaries were ready to stand against Russia's Defense Ministry. Insider's Ryan Pickrell previously reported that Putin plays Prigozhin and the Defense Ministry against each other, escalating tensions between those factions and attempting to deflect blame off himself. Prior to his tirades Friday, Prigozhin was bashing Russia's Defense Ministry for months, especially targeting Russian Defense Minister Sergey Shoigu and Chief of the Russian General Staff General Valery Gerasimov.

Persons: Wagner, Yevgeny Prigozhin, —, Vladimir Putin, Putin's, Prigozhin, Putin, It's, Insider's Ryan Pickrell, Simon Miles, Tatiana Stanovaya, Sergey Shoigu, Russian General Staff General Valery Gerasimov Organizations: Defense Ministry, Service, Titan, Russia's Ministry of Defense, Wagner Group, Russia's Defense, Russia's Defense Ministry, KGB, Kremlin, Wagner, Meduza, Duke University's Sanford School of Public, Soviet Union, Carnegie Russia Eurasia Center, Russia's, Ministry, Russian, Russian General Staff Locations: Moscow, Russia, Ukraine, Soviet, Russian

☆ India's Modi is on a landmark visit to the U.S. Here's what to expect
▼ + stars: | 2023-06-21 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +10 min

"This is a very important visit, it is as much about India reaching out to the U.S., as it is about the U.S. reaching out to India," Pant said. Energy: Reliance on Russian oilAlthough India's purchase of Russian weapons could fall, the same can't be said for oil. When Western nations imposed sanctions on Russian oil as a result of the unprovoked war in Ukraine, India doubled down on its purchases. Russian oil currently accounts for almost 20% of India's annual crude imports, a significant increase from just 2% in 2021, Reuters reported. But India has continued to buy cheap Russian oil since and continues trading with the country despite global sanctions on the Kremlin.

Persons: Joe Biden, Narendra Modi, Harsh, Pant, Biden, Emmanuel Macron, Yoon Suk, Aamer, Vladimir Putin, Alexandr Demyanchuk, Modi, Manjari Miller, Lisa Curtis, Curtis, Karthik Nachiappan, Ashley Tellis, Amit Ranjan, India, Ranjan, —, Tesla, Elon Musk, Tim Cook, Google's Sundar Pichai, Satya Nadella, Raj Subramaniam Organizations: Indian, White House, Getty, U.S, Observer Research Foundation, South, Asia Society Policy Institute, CNBC, Kremlin, Reuters, Shanghai Cooperation Organization, Afp, India's Ministry of Defense, Council, Foreign Relations, NATO, Pacific Security, Center, New, New American Security, Carnegie Endowment, International Peace, Institute of South Asian Studies, National University of Singapore, Energy, Reliance, NUS Institute of South Asian Studies, Technology, China Partnerships, Emerging Technology Locations: Washington ,, India, U.S, Delhi, South Asia, Russia, Ukraine, Samarkand, Pakistan, New American, China, United States, Asia, New York

☆ 'No sane investor' could be fooled by Putin's charade of optimism for Russia's economy, researcher says
▼ + stars: | 2023-06-20 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Putin's show of Russia's economic strength won't fool any "sane investor," Carnegie scholar Alexandra Prokopenko said. She pointed to Russia's growing budget deficit and labor shortage as its war on Ukraine drags on. Experts have warned of trouble for Russia's economy as war and sanctions bite into the nation's finances. GDP could grow as much as 2% this year, Putin estimated, adding that the nation's military spending had only resulted in a "small" budget deficit so far. The Kremlin's official statistics also give a misleading view of Russia's economy, she said.

Persons: Alexandra Prokopenko, —, Vladimir Putin, Putin, Prokopenko, it's, SPIEF Organizations: Carnegie, Service, Carnegie Russia Eurasia Center, Central Bank of Russia, St ., Economic, Carnegie Endowment, International, Defense Ministry, Yale Locations: Ukraine, St, St . Petersburg, Russian

☆ Horace Tapscott Was a Force in L.A. Jazz. A New Set May Expand His Reach.
▼ + stars: | 2023-06-15 | by ( Marcus J. Moore | ) www.nytimes.com time to read: +3 min

Along the way, noted musicians and vocalists like Nate Morgan, Kamau Daaood, Adele Sebastian and Phil Ranelin played in the band. Trible came across Tapscott in the late 1980s as a singer in another group who wanted to work with the Arkestra. Six decades since Tapscott formed the band, Session said the group’s mission hasn’t changed, and he vowed to continue pushing forward. I want to get back to how Horace did shows at prisons and high schools and colleges for free,” he said. “We could sell out Carnegie Hall and then come home and do the same set for 50, 60 cats.

Persons: Tapscott, Nate Morgan, Kamau Daaood, Adele Sebastian, Phil Ranelin, Trible, “, ‘, ” Trible, Horace, Michael Session, Azar Lawrence, ”, Miles Davis, McCoy Tyner, Freddie Hubbard, “ It’s, We’re, Thundercat, Kamasi Washington, Terrace Martin —, Kendrick Lamar, hasn’t Organizations: Carnegie Hall Locations: Tapscott, Little Africa, Brooklyn

☆ China eyes Blinken's visit this week with deep distrust toward the US
▼ + stars: | 2023-06-15 | by ( Nectar Gan | ) edition.cnn.com time to read: +9 min

“The coverage of Blinken’s visit in China is not nearly as extensive or enthusiastic as it has been in the West,” said Yun Sun, director of the China Program at the Stimson Center, a think tank in Washington. (Chinese experts say it was because the US failed to lift sanctions on Li, imposed in 2018 over China’s purchase of Russian weapons.) China cut off talks with US military commanders following former US House Speaker Nancy Pelosi’s visit to Taiwan last August. Zhao said China has adopted “a brinkmanship policy” to highlight the risk of military confrontation to the US. Wang, the expert at Peking University, said Blinken’s long-delayed visit is the “last chance” to repair ties with China before the US election next year.

Persons: Antony Blinken, Washington, Blinken, Qin Gang, State Department –, ”, Yun Sun, “, “ We’re, ” Daniel Kritenbrink, Trump, Wang Yong, Biden, Joe Biden, ” Wang, Tong Zhao, Lloyd Austin, Li Shangfu, Li, Nancy Pelosi’s, Zhao, ” Zhao, ‘, Blinken’s, Janet Yellen, John Kerry, Sun, ” lockdowns, Xi Jinping’s, Xi, Wang Organizations: Hong Kong CNN, China’s, State Department, Biden, China Program, Stimson, State, Peking University, Foreign Ministry, Carnegie Endowment, International, Defense Locations: China, Hong Kong, Beijing, Washington, East Asia, Taiwan, South China

☆ Russia's 'least capable' troops aren't in Ukraine, but they're still causing problems next door, experts say
▼ + stars: | 2023-06-15 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +8 min

Moldova, next door to Ukraine, has been under pressure from Russia for decades. Amid the war in Ukraine, Kyiv and Western officials say Moscow is stepping up its interference. As a result of a 1992 war between Moldovan forces and Transnistrian separatists, Russian troops entered the breakaway region to support the separatists. Following that war, Transnistria gained a form of autonomy. SERGEI GAPON/AFP via Getty ImagesMoldova declared a state of emergency after Russia attacked Ukraine in February 2022, and it remains in effect.

Persons: —, that's, John Sullivan, SERGUEI VORONIN, Chișinău, Maia Sandu, Diego Herrera Carcedo, SERGEI GAPON, Moldova's, John Kirby, Kirby, Pierre Crom, Thomas de Waal, Dara Massicot, Massicot, Jamar Marcel Pugh, Sandu, Ursula von der Leyen, Constantine Atlamazoglou Organizations: Service, Georgetown University, Getty, Moldovan, NATO, EU, Anadolu Agency, Getty Images Moldova, White House National Security Council, Carnegie, RAND Corporation, US Army National Guard, European Commission, Fletcher School of Law, LinkedIn Locations: Moldova, Ukraine, Russia, Transnistria, Kyiv, Western, Moscow, Soviet Union, Romania, Europe, Baltic, Poland, Bender, Transnistrian, Chisinau, May, Lithuania, Sweden, AFP, Russian, Carnegie Europe, NATO, Bulgaria

Neither Azour nor Hezbollah-backed candidate Suleiman Frangieh came close to winning the 86 votes needed to win in a first round vote. Azour, the IMF's Middle East Director and an ex-finance minister, won the support of 59 of 128 lawmakers. Hezbollah and its allies then withdrew from the session, denying the two-thirds quorum required for a second vote in which 65 votes are enough for victory. Azour thanked lawmakers who backed him, saying he hoped the will expressed by "the majority of deputies" would be respected. George Adwan, a Christian lawmaker with the anti-Hezbollah Lebanese Forces party, said the vote was "a major victory" because it showed Azour close to 65 votes.

Persons: Gebran Bassil, Azour, Suleiman Frangieh, Frangieh, Nabih Berri, Michel Aoun, Hussein al, Haj Hassan, Bashar al, Assad, George Adwan, Mohamed Azakir, Matthew Miller, Miller, Mohanad Hage Ali, Riad Salameh, Sheikh Ahmad Qabalan dialled, Issam Abdallah, Simon Lewis, Tom Perry, John Stonestreet, Mark Heinrich, William Maclean Organizations: BEIRUT, Hezbollah, IMF, Maronite, Hezbollah Lebanese Forces, REUTERS, U.S . State Department, Carnegie Middle East Center, West, Thomson Locations: Lebanon, Iran, Muslim, Saudi Arabia, Lebanese, Yemen, Beirut, Washington, U.S, United States, Israel, Damascus

☆ After Saudi Arabia, Iran may be patching up with its oldest Arab foe
▼ + stars: | 2023-06-14 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +8 min

The feud became the longest between Iran and an Arab country in modern times. Khamenei’s recent comments come as Saudi Arabia normalizes ties with Iran after nearly eight years of a diplomatic freeze. Apart from Saudi Arabia and Iran, Egypt has reconciled with both Turkey and Qatar, and the Arab League last month welcomed Syria back as a member after more than a decade of isolation. Weight of historical symbolismAs the years passed by, Egypt and Iran only grew apart, with little desire to reconcile from either party. Most Arab states continue to reject recognition of Israel.

Persons: Princess Fawzia, Iran’s Crown Prince Mohammad Reza Pahlavi, Fawzia, King Farouk I –, –, Pahlavi, Ayatollah Ali Khamenei, Iran “, ”, Sultan Haitham Bin Tariq, Trita Parsi, ” Parsi, “, Abdel Fattah al, Oman's Sultan Haitham bin Tariq, Gamal Abdel Nasser, Shah, Anwar Sadat, King Farouk, Sadat, Khaled Islambouli, Hosni Mubarak, chargé d’affaires, Mubarak, Mohamed Mursi, Parsi, “ Israel, Abraham, Israel, won’t Organizations: CNN, Iran’s Crown, Iran’s, Media, Tehran, Carnegie Endowment, International Peace, Arab League, Quincy Institute, Oman News Agency, Reuters Analysts, Cairo Citadel, West, Israel, Abraham Accords Locations: Egypt, Iran, Tehran, Saudi Arabia, United States, ”, London, Cairo, Turkey, Qatar, Syria, West, Washington ,, Al, Rifa’I, Israel, Republic, Ater

☆ Tim Cook bets his legacy on augmented reality
▼ + stars: | 2023-06-13 | by ( Clare Duffy | ) edition.cnn.com time to read: +11 min

David Paul Morris/Getty Images Cook speaks in front of an image of an iPhone 4S at Apple headquarters in 2011. Yui Mok/PA Images/Getty Images Tim Cook puts on a Boston Red Sox jersey before a baseball game between the Red Sox and the Detroit Tigers in June 2017. Justin Sullivan/Getty Images Tim Cook signs the box of a new iPhone X at an Apple Store in Palo Alto in November 2017. Andrew Harrer/Bloomberg/Getty Images Cook speaks via video conference at a House Judiciary subcommittee hearing on online platforms and market power in July 2020. In pictures: Apple CEO Tim Cook Prev NextFollowers of the company are divided on what the headset could ultimately mean for Cook.

Persons: Tim Cook, Steve Jobs, Cook, It’s, … it’s, ”, Margaret O’Mara, Andrew Burton, Phil Schiller, Jobs, David Paul Morris, Apple, Tom Williams, Marcio Jose Sanchez, Bono, Justin Sullivan, Tony Avelar, Stephen Lam, George Washington University's, Alex Brandon, Stephen Colbert, Jeffrey R, Pope Francis, Shutterstock Cook, Maddie Ziegler, AirPods, Monica Davey, James Corden, Pharrell, Beck Diefenbach, Reuters Cook, Yui Mok, Billie Weiss, Donald Trump, Jonathan, Oprah Winfrey, Win McNamee, Theresa Goh, Edgar Su, Andrew Harrer, Graeme Jennings, Noah Berger, Sajid Moinuddin, India's, Francis Mascarenhas, Brooks Kraft, it’s, Mike Bailey, “, Tim Bajarin, ’, ” Bajarin, Bajarin, they’ll Organizations: New, New York CNN, Apple, Vision, Apple Watch, University of Washington, Washington Post, Getty, Reuters, Alamy, Homeland Security, Governmental, Flint Center, Performing Arts, Cook, CBS, Serviziofotograficoor, Primary School, Boston Red Sox, Red Sox, Detroit Tigers, American Technology, White House, Steve Jobs Theatre, Carnegie Library, Central Public Library, Bloomberg, Singapore, Apple Worldwide, Conference, Epic Games, Apple Inc, FBB Capital Partners, Jobs Locations: New York, Cupertino , California, Cupertino, Palo Alto , California, Palo Alto, San Francisco, Down, London, Washington , DC, Oakland , California, Mumbai

☆ Opinion: The impact of PGA Tour-LIV Golf deal goes far beyond sports
▼ + stars: | 2023-06-08 | by ( Aaron David Miller | ) edition.cnn.com time to read: +8 min

Yet, these days, the sad truth is that Saudi Arabia has no need for sportswashing. And in December 2019, Saudi Arabia became president of the G-20, hosting a virtual summit because of the Covid-19 pandemic. The golf deal is a reminder that “money money money” is a formidable diplomatic political tool. A US brokered deal between Israel and Saudi Arabia would be a powerful counterpoint to China’s recently facilitated Iranian-Saudi détente. Of course, one can hardly be shocked to learn that where’s there’s money, golf and Saudi Arabia, there just might be a Trump angle as well.

Persons: Aaron David Miller, ” Miller, LIV Golf, Joe Biden’s, it’s, we’ve, you’re, Jamal Khashoggi, , Cristiano Ronaldo, Sen, Richard Blumenthal, Blumenthal, Biden, Saudi Crown Prince Mohammed bin Salman, It’s, LIV, can’t, Zelensky, Bashar al, Assad, Mahmoud Abbas, ”, Jake Sullivan, Antony Blinken, Trump, Eric Trump, Facebook George Orwell Organizations: Carnegie Endowment, International Peace, Democratic, Republican, CNN, PGA, English Premier League soccer, One, LIV, PGA Tour, Washington Post, Saudi Crown, MBS, Arab, US National, Trump, Twitter, Facebook, Saudi Locations: East, Saudi, United States, Saudi Arabia, Washington, Berlin, Sochi, Davos, Connecticut, China, Russia, Ukraine, Iran, Israeli, Israel, Iranian, Britain

☆ PGA Tour merger with LIV Golf triggers confusion about sponsorships, antitrust
▼ + stars: | 2023-06-07 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +5 min

watch nowThe proposed merger between the PGA Tour and its Saudi-funded rival LIV Golf stunned everyone from golfers to Wall Street bankers this week – leaving many with questions about what the merger could mean. While the two organizations were feuding, golfers were divided between the PGA Tour and LIV. Aside from the lawsuits, LIV Golf has been surrounded by controversy and criticism since its launch in 2022. LIV Golf sued the tour, also citing anti-competitive practices for banning its players. The PGA Tour countersued.

Persons: LIV Golf, LIV, Jefferies, Jay Monahan, CNBC's, Henry Hauser, Perkins, Monahan, Phil Mickelson, Bryson DeChambeau, Yasir Al, Rumayyan, Hauser, it's, Timothy Derdenger, Derdenger Organizations: PGA Tour, Wall, FTC, PGA, Saudi Arabia Public Investment Fund, Antitrust, Public Investment, Federal Trade Commission, Justice Department, American Airlines, JetBlue Airways, Carnegie Mellon University's Tepper School of Business, U.S . Locations: Saudi

HONG KONG, June 5 (Reuters Breakingviews) - Shein is threading the world’s trickiest geopolitical needle. But rising American pressure is forcing it to tweak its business model right as it tries to list there. Last year, its top line surged 46% to $23 billion, per the Wall Street Journal, surpassing $22 billion at H&M and outpacing the 18% growth at Inditex. A Boston Consulting Group report notes that this model allows Shein to keep inventory turnover at just 40 days. That will be expensive; the company's net profit margin was a razor-thin 3.5% last year, according to the Wall Street Journal, far below bricks and mortar rival Inditex's 13%.

Persons: Shein, Bernstein, Chris Xu, Xu, Mubadala, Pete Sweeney, Katrina Hamlin Organizations: Reuters, U.S ., Rivals, Street, Financial Times, Boston Consulting, Morningstar, Securities and Exchange Commission, Wall Street, ’, Singapore, Sequoia Capital, General Atlantic, Thomson Locations: HONG KONG, Zara, China, Inditex, Guangdong, U.S, Xinjiang, Nanjing, Singapore, Mexico, Brazil, India

☆ Russia's economy faces a 'massive brain drain' as over 1 million young workers exit labor force, says former central bank official
▼ + stars: | 2023-06-05 | by ( Jason Ma | ) www.businessinsider.com time to read: +3 min

Russia's economy faces a "massive brain drain," a former central bank adviser told NPR. Alexandra Prokopenko, a former adviser at Russia's central bank, told NPR last week that many educated and skilled workers have fled the country. And about 200,000 Russian troops have been killed or wounded while fighting in Ukraine, with some estimates putting losses at 500 troops a day. As for Prokopenko, she also fled Russia soon after last year's invasion and is now a scholar at the Carnegie Russia Eurasia Center in Germany. Prokopenko has sounded previous alarms on Russia's economy this year, saying in a report in May that Western sanctions will keep Russia's economy frozen.

Persons: Alexandra Prokopenko, —, it's, we've, Prokopenko, Vladimir Putin's, Putin Organizations: NPR, Service, Carnegie Russia Eurasia Center, West, Financial Times Locations: Russia, Ukraine, Germany

☆ Why running for president has a lot of upsides, even for the candidates who lose
▼ + stars: | 2023-06-03 | by ( Kimberly Leonard | Warren Rojas | ) www.businessinsider.com time to read: +12 min

Often, candidates can even get the book deals before they run for president, especially if there's a lot of buzz around them. CNN host and debate moderator Wolf Blitzer stands in front of the Republican presidential candidates in 2016. outlook has taken hold among both Republican and Democratic presidential candidates. Numerous presidents were once failed presidential candidates, including Lyndon Johnson, Richard Nixon, George H.W. "The only way to learn how to run for president," Sullivan said, "is to run for president."

Persons: —, Donald Trump, Ron DeSantis, Nikki Haley, Sen, Tim Scott of, Asa Hutchinson, Vivek Ramaswamy, Larry Elder, Mike Pence, Chris Christie, Doug Burgum, It's, Marco Rubio's, Terry Sullivan, Sullivan, who've, Pete Buttigieg, Kamala Harris, Kent Nishimura, aren't, Kamala Harris of, Joe Biden, Stacy Rosenberg, Haley, Glenn Youngkin —, Elizabeth Warren, Bernie Sanders, J, Miles Coleman, Ball, Mike Huckabee, Spencer Platt, Rosenberg, Doug Heye, Trump Adam Kinzinger hasn't, Archie Bunker, Trump, Hutchinson, Sanders, Michael Benet of, Biden, Heye, Rubio, John Hickenlooper, Hickenlooper, Wolf Blitzer, David J, Phillip, Hillary Clinton, Scott, Jimmy Carter, Bill Clinton, he's, Coleman, Lyndon Johnson, Richard Nixon, George H.W, Bush — Organizations: Service, GOP, Florida Gov, Arkansas Gov, New, New Jersey Gov, North Dakota Gov, White, Trump, Transportation, Los Angeles Times, Getty, Carnegie Mellon University's Heinz College of Information Systems, Public, Virginia Gov, Publishers, Macmillan Publishing, Senators, University of Virginia Center for Politics, Former Arkansas Gov, Fox News, Netflix, Republican, Democratic, Child Tax, Florida Republican, Capitol, CNN, Georgia Gov Locations: Florida, Tim Scott of South Carolina, Arkansas, New Jersey, Millenial, South Bend , Indiana, Kamala Harris of California, Virginia, Iowa, California, Illinois, United States, Michael Benet of Colorado, Colorado, New Hampshire

☆ Russia's foreign minister accuses the West of 'financial blackmail' as BRICS eye adding Saudi Arabia, Iran to economic bloc
▼ + stars: | 2023-06-02 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Russia's foreign minister slammed the West for its use of "financial blackmail." Saudi Arabia and Iran have requested joining the BRICS economic bloc, South Africa said. Meanwhile, South Africa's ambassador to BRICS also discussed potentially adding Saudi Arabia and Iran to the bloc of developing countries, as both outsider nations have officially requested membership. Lavrov held talks with Saudi Arabia's foreign minister on the sidelines of the BRICS meeting on Thursday, according to the AP. It's also shifted oil exports to China and India at steep discounts after the European Union banned Russian crude imports.

Persons: —, Sergey Lavrov, BRICS, Lavrov, It's Organizations: Service, South Africa —, AP, Saudi, European Union, Carnegie Russia Eurasia Center Locations: Russia, Ukraine, Saudi Arabia, Iran, South Africa, Brazil, India, China, South, Moscow

☆ New North Korean space rocket features engine from ICBMs, analysts say
▼ + stars: | 2023-06-01 | by ( Josh Smith | ) www.reuters.com time to read: +4 min

[1/2] A still photograph shows what appears to be North Korea's new Chollima-1 rocket being launched in Cholsan County, North Korea, May 31, 2023 in this image released by North Korea's Korean Central News Agency and taken from video. "It appears to make use of an engine that appeared in an earlier North Korean intercontinental-range ballistic missile." The Chollima-1 appears to be a medium-lift space launch vehicle intended for delivering small satellites to low earth orbit. "In this case we do have a fairly large payload fairing compared to the earlier North Korean space launch vehicles," Panda said. South Korea said it was working to recover parts of the North Korean rocket, releasing photos that showed what analysts said appeared to be a section designed to join two stages, and a liquid propellant tank inside.

Persons: Joseph Dempsey, Panda, Korea's, Josh Smith, Gerry Doyle Organizations: North, Korean Central News Agency, REUTERS, Carnegie Endowment, International, North Korean, International Institute for Strategic Studies, United Nations, Thomson Locations: Cholsan County, North Korea, REUTERS SEOUL, U.S, Korea's, Soviet, United States, Korea, South Korea, South

☆ You hate your job but you love working from home: You're in remote-work handcuffs
▼ + stars: | 2023-05-28 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +5 min

There are many unhappy remote workers who wish they could quit and get another remote job. The golden handcuffs phenomenon is an obvious parallel, Denise Rousseau, a professor of organizational behavior at Carnegie Mellon's Tepper School of Business, told Insider. "If you're remaining in a job for purely extrinsic reasons — your working conditions are hard to replace — you're going to have more stress." In March 2022, roughly 20% of job listings on LinkedIn offered remote work; last month, such listings dwindled to 10%. David Bakke works from home in Georgia and said that while he doesn't "completely hate" his position, he'd quit if he could find another remote job.

Foxconn's turnaround efforts initially paid off: by 2018, Sharp was back in the black. Moreover, analysts estimate assembling iPhones and other Apple (AAPL.O) gadgets still brings in more than half of Foxconn’s annual sales. The troubled unit was once a joint venture between Sharp, Foxconn and an entity tied to Gou. The company attributed the slump to a non-operating loss of T$19.7 billion related to its 34% stake in Japanese electronics maker Sharp. Sharp reported a 220-billion-yen ($1.6 billion) impairment loss in the quarter, mostly from buildings, machinery and goodwill relating to display businesses.

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