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Georgian President Salome Zurabishvili delivers a speech during an gathering celebrating Europe Day outside her residence in Tbilisi on May 9, 2024. (Photo by Vano SHLAMOV / AFP) (Photo by VANO SHLAMOV/AFP via Getty Images)Georgian President Salome Zourabichvili on Wednesday held talks with European ministers to urgently discuss "how to save" the country, shortly after lawmakers adopted a deeply divisive Russia-style foreign influence bill. The U.S., European Union, NATO and the United Nations have all issued statements expressing concern about Georgia's new legislation, which opposition lawmakers have denounced as the "Russian law." Georgian lawmakers on Tuesday approved the legislation, with 84 members of the country's 150-member law-making body voting in favor. "On the agenda today is the following issue: how to save Georgia," Zourabichvili said, according to a translation.
Persons: Salome Zurabishvili, Vano SHLAMOV, VANO SHLAMOV, Salome Zourabichvili, Zourabichvili Organizations: Getty Images, Wednesday, Union, NATO, United Nations, EU Locations: Europe, Tbilisi, AFP, Russia, U.S, Lithuania, Latvia, Estonia, Iceland, Georgia
Hong Kong CNN —Russian President Vladimir Putin has arrived in Beijing for the start of a two-day state visit underlining close alignment with Chinese leader Xi Jinping as Russian troops advance in Ukraine. Ahead of the trip, Putin hailed the “unprecedented level of strategic partnership” between the countries in an interview with Chinese state media Xinhua. The two leaders – who declared a “no limits” partnership weeks before the February 2022 invasion – have continued to strengthen their countries’ diplomatic, trade and security ties since Russia’s invasion of Ukraine. Xi hosts Putin in Beijing as the Chinese leader comes under under mounting pressure from the US and Europe to ensure exports from China aren’t propping up Russia’s war effort. This is the fourth in-person meeting between Xi and Putin – known for their personal chemistry – since the invasion and Putin’s second visit to Beijing in that time.
Persons: Vladimir Putin, Xi Jinping, Putin, Volodymyr Zelensky, Russia’s, China’s, , Xi Organizations: Hong Kong CNN, West, Wednesday, Xinhua, , Trade, China aren’t, Kremlin Locations: Hong Kong, Beijing, Ukraine, Kharkiv, Gaza, ” Beijing, United States, Europe, China, Moscow, Harbin, China’s, Heilongjiang, Russia’s
President Donald Trump and Democratic presidential candidate Joe Biden during the final presidential debate at Belmont University in Nashville, Tennessee, on Oct. 22. President Joe Biden on Wednesday challenged former Donald Trump to two head-to-head debates before the November election, with several special conditions. Both proposed showdowns would be held without the involvement of the non-partisan commission that typically organizes presidential debates. "Just tell me when, I'll be there," wrote Trump. " During the 2020 debates, Biden and Trump regularly broke out into shouting matches as they each tried to get a word in edgewise.
Persons: Donald Trump, Joe Biden, Biden, Trump, Donald, Jen O'Malley Dillon, O'Malley Dillon, Trump's, Robert Kennedy Jr, doesn't Organizations: Democratic, Belmont University, Wednesday, Republican, CNN, Republican National Convention, Democratic National Convention, White, New York Times, American People Locations: Nashville , Tennessee, Democratic, York, Pennsylvania, Michigan, Wisconsin, United States
The Biden administration has told key lawmakers it is sending a new package of more than $1 billion in arms and ammunition to Israel, three congressional aides said Tuesday. It's the first arms shipment to Israel to be announced by the administration since it put another arms transfer — consisting of 3,500 bombs — on hold this month. The package being sent includes about $700 million for tank ammunition, $500 million in tactical vehicles and $60 million in mortar rounds, the congressional aides said. They spoke on condition of anonymity to discuss an arms transfer that has not yet been made public. House Republicans were planning this week to advance a bill to mandate the delivery of offensive weaponry for Israel.
Persons: Joe Biden, Walter E, Biden, It's, Israel's, Joe Biden's Organizations: Pacific American Institute for Congressional, Washington Convention Center, Street Journal, House Republicans Locations: Washington, Israel, Gaza, Rafah, U.S
Prime Minister of Slovakia Robert Fico attends a press conference during a Special European Council Meeting on April 18, 2024 in Brussels, Belgium. Slovakia's populist Prime Minister Robert Fico on Wednesday was shot multiple times in an assassination attempt that has sent shockwaves across the continent. The 59-year-old has been transported by helicopter to hospital in the central Slovakian city of Banska Bystrica to receive treatment. A post on Fico's official Facebook page said the prime minister was "shot multiple times and is in a life-threatening state" after an "attempted assassination." Slovakian President Zuzana Čaputová "strongly" condemned the "brutal and ruthless attack" in a Google-translated Facebook post, without supplying further details of the nature of the attack.
Persons: Slovakia Robert Fico, Robert Fico, Fico, Zuzana Čaputová Organizations: NBC, Reuters, CNBC Locations: Slovakia, Brussels, Belgium, Slovakian, Banska Bystrica, Bratislava, Handlova
The American press, he writes in clear-eyed terms, “shouldn’t be neutral about upholding democracy” and must not “dispassionately observe our way to authoritarianism.”We spoke with Kristof over email for a Q&A about this and more. This is strange for a pundit to admit, but I think there’s too much punditry in journalism today and not enough reporting. … We journalists shouldn’t dispassionately observe our way to authoritarianism; we shouldn’t be neutral about upholding democracy.” Do you believe your colleagues in the press are as clear-eyed about this as you are? I believe that journalism — along with law and the civil service — restrained the Trump presidency and is a force for civilization and democracy. He believed it and I believe it, and that is why I say that journalism is an act of hope.
Persons: Nicholas Kristof, , Kristof, Gray Lady, Donald Trump, , James Bond, scoff, I’ve, That’s, It’s, I’m, we’re, aren’t, it’s, William Safire, shouldn’t, Joe McCarthy, Edward R, Murrow, McCarthy, Martin Luther King Jr, George Wallace, Jim Crow, Trump, Joe Kahn, — that’s, Will, Let’s, Organizations: New York CNN, New York Times, The New York Times, Times, Trump, Endowment, Arts, CNN, State Security, State, Locations: New York, Congo, Iraq, Syria, Aleppo, America, Washington, China, , Oregon, U.S, Gaza, Russia
CNN —The driver of the pickup truck involved in a Tuesday crash that killed eight people and left more than 40 injured in north-central Florida has been arrested and charged with eight counts of DUI manslaughter, according to a news release from the Florida Department of Highway Safety and Motor Vehicles. The 2010 International Bus carrying “approximately 53 farm workers” and a 2001 Ford Ranger sideswiped each other around 6:35 a.m., about 15 miles west of Ocala, the Florida Highway Patrol said in a statement. The Ford, “for unknown reasons, traveled toward the center line” before the vehicles struck each other, Lt. Patrick Riordan of the Florida Highway Patrol said at a news conference at the scene. The bus then left the roadway, went through a fence and overturned. There’s no reason for me to be involved with these individuals.
Persons: , Patrick Riordan, James Lucas, ” Riordan, WESH, Riordan, Billy Woods, Woods, ” Woods, Alicia Bárcena, , Ana Melgar Zugina, Gregory Wallace Organizations: CNN, Florida Department of Highway Safety, Motor Vehicles, Ford, Patrol, Fire Rescue, Mexico’s, Twitter, Transportation Safety Board, US Department of Transportation’s Federal Motor Carrier Safety Administration, Sheriff’s Locations: Florida, Ocala, Marion, Marion County, Mexican, Orlando
Ukraine's security services on Monday said they had prevented "terrorist attacks" by alleged Russian agents in Kyiv that were meant to take place on May 9. Explosive devices were meant to be detonate in several locations in Ukraine's capital Kyiv, including shops, the country's security services said in a Google-translated Telegram post. Explosives were allegedly also meant to be installed in a car that was to be parked near a popular cafe, the security services said. Ukrainian security services used counter-intelligence to identify the man behind the planned attack, they said in another Telegram post. The alleged Russian agent had also planned an attack that was meant to take place in February, which was also thwarted by Ukrainian security services, they said.
Persons: — Sophie Kiderlin Organizations: Explosives, Ukraine's, Monday Locations: Russian, Kyiv, Ukrainian, Moscow
The Biden administration has told Congress that it intends to move forward with a plan for the United States to sell more than $1 billion in new weapons to Israel, according to three congressional aides familiar with the deal. The notification of the sale, which would include new tactical vehicles and ammunition, comes as President Biden has withheld a shipment of bombs to Israel, hoping to prevent U.S.-made weapons from being used in a potential invasion of the southern Gaza city of Rafah. The potential arms transfer illustrated the narrow path the Biden administration is walking with Israel, trying to prevent an assault on Rafah and limit civilian casualties in Gaza but continuing to supply a longtime ally that the president has said has a right to defend itself. One congressional aide said Congress had been aware of the arms deal for months, and suggested that the administration had simply waited for a foreign aid package with more aid for Israel to pass before moving forward with the required congressional notification process. When asked about the package, which was reported earlier by The Wall Street Journal, the State Department referred to recent comments from Jake Sullivan, the White House national security adviser, citing a continued commitment to supply Israel with military assistance to defend itself from threats in the region.
Persons: Biden, Jake Sullivan Organizations: Wall Street Journal, State Department, White House Locations: United States, Israel, Gaza, Rafah
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed chair Powell: Confidence in inflation moving back down not as high as it wasFederal Chair Jerome Powell speaks Tuesday to the annual general meeting of the Foreign Bankers' Association in Amsterdam.
Persons: Powell, Jerome Powell Organizations: Foreign Bankers ' Association in Locations: Foreign Bankers ' Association in Amsterdam
Hong Kong CNN —Hong Kong’s leader responded on Tuesday after three people were charged by British police for allegedly spying on behalf of the city’s intelligence services. Relations between Hong Kong and its former colonial ruler Britain have soured in recent years following mass pro-democracy protests in the Chinese city in 2019 and 2020. The British government has criticized Hong Kong’s Beijing-backed crackdown on almost all opposition in the years following the protests, while Hong Kong authorities have bristled at Britain providing a safe haven for pro-democracy leaders sought by the Hong Kong police. Hong Kong leader Lee noted in his Tuesday news conference that one of the men charged was the office manager of the Hong Kong Economic and Trade Office in London but did not directly address a question over whether it was involved in surveillance of Hong Kong dissidents in the UK. Hong Kong Chief Executive John Lee is speaking at a press conference on April 30, 2024.
Persons: Hong, Chi Leung, Peter, Wai, Matthew Trickett, Chung Biu Yuen, Hong Kong’s, John Lee, ” Lee, Chi Leung Wai, Yui Mok, Jonathan Brady, Yuen, Louisa Cieciora, Lee, Vernon Yuen, , Dominic Murphy Organizations: Hong Kong CNN, British, Hong, city’s Metropolitan Police, Hong Kong, Embassy, Westminster Magistrates, Administrative, Police, Hong Kong Economic, Trade Office, . Hong, Economic, Trade, Metropolitan Police, UK National Security, Crown Prosecution Service, Command, Met Police Locations: Hong Kong, Westminster, London, city’s, Britain, Hong Kong’s Beijing, . Hong Kong, England
The Parliament of Georgia gave final approval on Tuesday to a contentious bill that has prompted a series of tense protests in the capital, Tbilisi, spurred by fears that the legislation could push the country back into the Kremlin’s orbit. President Salome Zourabichvili has promised to veto the bill. But Georgian Dream, the governing party in Georgia since 2012, has enough votes to override her veto. Georgia’s justice ministry would be given broad powers to monitor compliance. Violations would incur fines equivalent to more than $9,300.
Persons: Salome Zourabichvili Locations: Georgia, Tbilisi, Caucasus
Tuesday’s wholesale inflation data, which jumped to its highest rate in a year, certainly wasn’t a source of comfort. “I wouldn’t call it hot, I would call it sort of mixed,” Powell said Tuesday, referring to the new wholesale inflation data. Federal Reserve Chair Jerome Powell (center) spoke Tuesday at an event hosted by the Foreign Bankers' Association alongside European Central Bank Governing Council member Klaas Knot. Another troubling sign for US central bankers is consumers’ belief that inflation will move higher in the year ahead, according to two surveys Fed officials monitor closely. That can lead to higher prices.
Persons: Jerome Powell, Powell, Price, ” Powell, , Klaas, Michelle Bowman Organizations: New, New York CNN, Foreign Bankers ’ Association, European Central Bank Governing, Federal, Foreign Bankers, Association alongside European Central Bank Governing, Foreign Bankers Amsterdam, Locations: New York
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewChinese officials are asking domestic tech giants to buy locally-made AI chips instead of Nvidia's, The Information reported on Monday. Chinese tech giants, The Information's sources said, are now expected to purchase equal numbers of locally and foreign-made AI chips for their new data centers. China is a very important market for the technology industry," Nvidia CEO Jensen Huang told the Financial Times in May 2023. Cupertino-based tech giant Apple, for instance, has been working to diversify its supply chains away from China.
Persons: , Tencent, pare, hasn't, Colette Kress, Jensen Huang, Huang, walling, Jay Pelosky, BI's Yuheng Zhan, Tencent didn't Organizations: Service, Baidu, Business, China's National, Ministry of Industry, Information Technology, Nvidia, downer, Reuters, Financial Times, BI, Apple, Bloomberg, China's Ministry of Industry, Alibaba Locations: China, United States, Cupertino, India
Now Christie, like Cohen, is a former Trump associate trying to take the former president down. Cohen is rare in the universe of Trump associates since he both turned on Trump and went to prison. Many of the other Trump aides and associates who faced jail eventually got pardons or clemency and still support the former president. Trump’s pardon helped Bannon avoid prosecution in the border wall scheme, but Bannon may yet go to prison. Trump issued the Flynn pardon shortly after losing the 2020 presidential election.
Persons: Michael Cohen, Donald Trump, Charles Kushner, Kushner, , Chris Christie, Christie, Jared Kushner, Trump’s, Cohen, Trump, Manafort, Paul Manafort, Manafort –, He’s, Bannon, Steve Bannon, Pardoning Bannon, Navarro, Peter Navarro, he’s, Stone, Flynn, Roger Stone, Michael Flynn, Rikers Trump, Allen Weisselberg, Weisselberg, Jonathan Karl, Cohen’s Organizations: CNN, Trump, New, New Jersey Gov, US, Manafort, Republican, Convention, Trump White House, Department of Justice, ABC News Locations: New York City, New Jersey, Mexico, Russia
The day after U.K. police charged three men with assisting Hong Kong’s intelligence service, China’s ambassador to Britain was summoned for an official reprimand by the British foreign ministry in the latest sign of growing tension between London and Beijing. The British government said that it had called the ambassador, Zheng Zeguang, to its Foreign, Commonwealth and Development Office after the three men appeared in court on Monday. The Foreign Office said in a statement that it had been “unequivocal in setting out that the recent pattern of behavior directed by China against the U.K.” was not acceptable. It cited cyberattacks, alleged espionage and the issuing of bounties for information leading to the prosecution of dissidents who fled Hong Kong after its crackdown on the pro-democracy movement and resettled in Britain. The three men who appeared at Westminster Magistrates’ Court on Monday have been charged with gathering intelligence for Hong Kong, a former British colony which is a special administrative region of China, and of forcing entry into a U.K. residential address.
Persons: Hong, Zheng Zeguang, , cyberattacks Organizations: Foreign, Commonwealth, Development, U.K, Locations: Britain, British, London, Beijing, China, Hong Kong, Westminster
Central banks accounted for one-quarter of gold demand in 2022 and 2023, as the institutions bought over 1,000 tons of gold each year, according to the World Gold Council in a recent report. Related storiesThe world's central banks continued buying gold, snapping up 290 tons of gold in the first quarter of this year — the strongest start to any year on record, according to the council. AdvertisementThis suggests that gold purchases by some central banks may have been driven by concerns about sanctions risk, Gopinath said. Central banks will keep buying, despite high pricesWhile China's central bank gold buying has been hogging the headlines, other central banks are also loading up on gold. The World Gold Council wrote in its recent report that other big gold buyers included Turkey and India.
Persons: , Gita Gopinath, it's, Gopinath, IMF's Gopinath Organizations: Service, Monetary Fund, Business, World Gold, US Treasury, Agency, JPMorgan Locations: Ukraine, Central, Russia, China, Turkey, India
Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold for an extended period. But these [inflation readings] were higher than I think anybody expected," Powell said. While he expects inflation to come down through the year, he noted that hasn't happened so far. "I do think it's really a question of keeping policy at the current rate for longer than had been thought," he said. "I think it's more likely that we'll be at a place where we hold the policy rate where it is."
Persons: Jerome Powell, Janet Yellen, Powell Organizations: Treasury Department, Federal, Foreign Bankers ' Association in Locations: Washington , DC, Foreign Bankers ' Association in Amsterdam
CNN —The Biden administration on Tuesday began the early stages of a process to move ahead with a new $1 billion arms deal for Israel, according to two congressional sources. There is no set timeline for when Congress would officially be notified of the sale, setting into motion a clock for its approval. The Wall Street Journal was first to report on the administration’s discussions with Congress about this sale. “We are continuing to send military assistance, and we will ensure that Israel receives the full amount provided in the supplemental. We have paused a shipment of 2,000-pound bombs because we do not believe they should be dropped in densely populated cities.
Persons: CNN —, Biden, Jake Sullivan Organizations: CNN, Tuesday, State Department, House Foreign Affairs, Foreign, Congress, Pentagon Locations: Israel, Rafah, Israel imminently
US Treasury Secretary Janet Yellen delivers remarks at the Treasury Department's Committee on Foreign Investment in the United States conference at the Treasury Department in Washington, DC, on September 14, 2023. U.S. President Joe Biden issued an order on Monday forcing a Chinese-backed cryptocurrency mining company to sell land near a Wyoming nuclear missile base, citing national security concerns. The company, MineOne, acquired the real estate in June 2022, placing its operations within a mile of the Francis E. Warren Air Force Base, a "strategic missile base and key element of America's nuclear triad," according to the White House. The company's site contained "specialized and foreign-sourced equipment potentially capable of facilitating surveillance and espionage activities," the presidential order said. MineOne was ordered to divest from the land in the next 120 days, and to remove certain improvements and equipment at the property.
Persons: Janet Yellen, Joe Biden, Francis E, Biden, MineOne Organizations: Treasury, Foreign Investment, United States, Treasury Department, Warren Air Force Base, British Virgin Islands Locations: Washington ,, Wyoming, British, United States, U.S
Two U.S.-listed ETFs — the SPDR S & P Metals & Mining ETF and VanEck Steel ETF — and the Japan-listed NEXT NOTES Japan Equity High Beta Select 30 ETF have each risen more than 10% every year since 2019. SPDR S & P Metals & Mining ETF The SPDR S & P Metals & Mining ETF (ticker: XME) gives investors broad exposure to the metals and mining segment. The VanEck fund has outperformed the S & P 500 in four of the past five years. NEXT NOTES Japan Equity High Beta Select 30 The NEXT NOTES Japan Equity High Beta Select 30 ETF (ticker: 2068.T-JP) is a smart beta ETF. High beta stocks react with more volatility than the rest of the market.
Persons: SPDR, It's Organizations: CNBC, P Metals, Mining, VanEck Steel, , Japan, CNBC Pro, Mining ETF, VanEck, NEXT, Nomura Japan Equity Locations: U.S, Japan
Taipei/London CNN —Beijing says it will take “all necessary actions” to protect its rights as US President Joe Biden announced huge tariffs on imports of electric vehicles and other goods from China. “China opposes the unilateral imposition of tariffs which violate (World Trade Organization) rules, and will take all necessary actions to protect its legitimate rights,” Chinese foreign ministry spokesperson Wang Wenbin told reporters Tuesday in a regular press briefing shortly before the widely anticipated White House announcement. In addition to Chinese EVs, the increase in US tariffs will apply to imports of steel and aluminum, legacy semiconductors, battery components, critical minerals, solar cells, cranes and medical products. The new tariff for solar components will be 50%, while the remainder of the targeted imports will attract tariffs of 25%. Leaders from the Group of Seven developed economies will discuss how to protect their industries at a summit next month.
Persons: London CNN —, Joe Biden, Wang Wenbin, Biden, Wang, , ” Wang Organizations: London CNN, Trade Organization, European Locations: Taipei, London, London CNN — Beijing, China, United States, Europe, Beijing
Georgian demonstrators protesting the controversial "foreign influence" bill stand in front of law enforcement officers blocking an area near the parliament building in Tbilisi on May 14, 2024. Georgian lawmakers on Tuesday passed a highly controversial "Kremlin-style" law on foreign influence, despite massive protests in the country and repeated warnings from the U.S. and European Union. Members of the Georgian Parliament physically came to blows as lawmakers held the third and final reading of the so-called "foreign agents" bill, before ultimately approving the legislation. The foreign influence bill calls for media outlets, nonprofits and other nongovernmental organizations to register as "pursuing the interests of a foreign power" if they receive more than 20% of their funding from abroad. Georgian President Salome Zourabichvili has previously vowed to veto the bill.
Persons: Salome Zourabichvili Organizations: Union, Georgian Locations: Tbilisi, U.S, Georgian, Soviet Union
Tbilisi, Georgia CNN —Georgia’s parliament has passed a controversial “foreign agents” bill despite widespread domestic opposition and warnings from the European Union that its enactment would imperil the country’s chances of joining the bloc. Many Georgians fear their foreign agents bill will be used the same way in their country. Georgia’s parliament now has 10 days to send the bill to President Salome Zourabichvili, who has already vowed to veto it. However, EU leaders have made it clear that the foreign agents bill’s passage would jeopardize Georgia’s chances of accession. Georgian law enforcement officers detain a demonstrator near the parliament in Tbilisi on May 14.
Persons: Georgia CNN —, Salome Zourabichvili, Zourabichvili, Giorgi Arjevanidze, Bidzina Ivanishvili, they’ve, Putin, ” Zourabichvili, Shakh, Levan Khabeishvili, , ” Khabeishvili, ” Dmitry Peskov, Vladimir Putin’s, Irakli, CNN’s Christian Edwards, Anna Chernova, Vasco Cotovio Organizations: Georgia CNN, European Union, EU, United, Getty, Soviet Union, Georgian, CNN, European Locations: Tbilisi, Georgia, Russia, Ukraine, Europe, Soviet, United States, Caucasus, Turkey, Armenia, Azerbaijan, AFP, Russian, Moscow
Washington CNN —President Joe Biden is increasing tariffs on $18 billion in Chinese imports across a handful of sectors deemed strategic to national security – an attempt to cripple Beijing’s development of critical technologies and instead prioritize US production. The increases will apply to imported steel and aluminum, legacy semiconductors, electric vehicles, battery components, critical minerals, solar cells, cranes and medical products. That same trade law also requires the effectiveness of such tariff programs to be evaluated every four years, and the Biden administration decision is the result of that study. “China can’t be the only country that produces clean technology for the world we need,” a senior administration official said. The Chinese government, Biden argued, is providing state money to Chinese steel companies to make more steel than the economy demands, pushing down the price and making it impossible for other companies to compete.
Persons: Joe Biden, , , Lael Brainard, “ China’s, Donald Trump, Biden, Wang Wenbin, Trump, Janet Yellen, Antony Blinken, “ They’re, ” Biden, Sam Fossum Organizations: Washington CNN, White, National Economic Council, CNN, Biden, Trade Organization, Brookings Institute, United Steelworkers, Trump, China’s Ministry, Commerce Locations: China, Beijing, Europe, Brazil, Turkey, Pittsburgh, Midwest
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