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☆ Sen. Bob Menendez faces new obstruction of justice charges
▼ + stars: | 2024-03-05 | by ( ) www.cnbc.com time to read: +3 min

Sen. Bob Menendez, D-N.J., is seen after the senate luncheons in the U.S. Capitol on Tuesday, January 23, 2024. New obstruction of justice crimes were added Tuesday to charges against Sen. Bob Menendez and his wife that allege they accepted gold bars, cash and a luxury car in return for favors the senator carried out to assist three businessmen. New charges of conspiracy to obstruct justice and obstruction of justice were added against Menendez and his wife, Nadine. Attorneys for Bob and Nadine Menendez and the other defendants in the case didn't immediately respond to emails requesting comment. Prosecutors allege that Menendez also caused his lawyer to say in the September meeting that Menendez in 2022 had learned that the payments were loans.

Persons: Sen, Bob Menendez, Menendez, Nadine, Bob, Nadine Menendez, Prosecutors Organizations: U.S, Capitol, Democrat, Senate Foreign Relations, Menendez's, Benz, Prosecutors Locations: Manhattan, New Jersey, Egypt, Jersey

☆ China might have a friendlier face now, but it's not giving up on its aggressive Wolf Warrior diplomacy, experts say
▼ + stars: | 2024-03-03 | by ( Matthew Loh | ) www.businessinsider.com time to read: +9 min

The move has also fueled speculation about the end of Wolf Warrior diplomacy. BRENDAN SMIALOWSKI/AFP via Getty ImagesChina is also aware that the shock value of Wolf Warrior diplomacy brings diminishing returns. "I think the limits of wolf warrior diplomacy are apparent," Loh said. The Wolf Warrior will be backThat said, Wolf Warrior diplomacy will return, depending on the issue at hand, said Loh. LEAH MILLIS/Getty ImagesSo why did Liu tell reporters and academics in New York that Wolf Warrior diplomacy would never return?

Persons: —, Liu Jianchao, Liu, China's, Antony Blinken, ROBERTO SCHMIDT, Ian Ja Chong, Chong, Zhao Lijian, Zhao, Rather, Stanley Rosen, Rosen, you'll, Zhao dismissively, Nancy Pelosi's, Anthony Kwan, Pan Chengxin, Donald Trump's, Pan, Dylan Loh, Xi Jinping, Biden, Xi, BRENDAN SMIALOWSKI, Loh, Qin Gang, LEAH MILLIS Organizations: Service, Communist Party's International Department, of Foreign, Business, US, AFP, Getty, National University of Singapore, Foreign Ministry, University of Southern, China Institute, U.S . House, Deakin University, Nanyang Technological University of Singapore, Getty Images, Chinese Foreign Locations: New York, China, West . China, Beijing, University of Southern California's US, Maryland, Ukraine, Weibo, Taiwan, Hong Kong, Africa, Southeast Asia, Australia, Gaza, AFP, Getty Images China, West

☆ Co-defendant in Sen. Bob Menendez corruption case pleads guilty
▼ + stars: | 2024-03-01 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Jose Uribe leaves the Federal Court, after a hearing on bribery charges, in New York City, U.S. September 27, 2023. A co-defendant in the criminal corruption case against Sen. Bob Menendez pleaded guilty in New York federal court on Friday and agreed to cooperate with the prosecution of the New Jersey Democrat. Menendez's co-defendant Joe Uribe pleaded guilty to seven counts, including conspiracy to commit bribery, honest services fraud, and obstruction of justice. The other defendants in the case — Menendez, the senator's wife Nadine, and two other New Jersey businessmen — are scheduled to stand trial beginning May 6 in Manhattan federal court. The Clifton, New Jersey, resident and other two businessmen men were accused of having a "corrupt relationship" with Menendez and Nadine Menendez.

Persons: Jose Uribe, Sen, Bob Menendez, Menendez's, Joe Uribe, — Menendez, Nadine, —, Uribe, Menendez, Nadine Menendez, Wael Hana Organizations: New, New Jersey Democrat, Mercedes, Benz, Agriculture Department, Senate Foreign Locations: New York City, U.S, New York, New Jersey, Jersey, Manhattan, Clifton , New Jersey, Egypt

☆ Opinion | The Wars in Ukraine and Gaza Have Changed. America’s Policy Hasn’t.
▼ + stars: | 2024-03-01 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +1 min

Joe Biden’s presidency has been dominated by two foreign policy crises: the wars in Ukraine and Gaza. The funding the United States has provided in those wars — billions to both Ukraine and Israel — has drawn backlash from both the right and the left. Richard Haass is an icon of the U.S. foreign policy establishment. He’s recently been making the case that our foreign policy is insufficiently independent — that we’ve become captured by allies that have interests that diverge from our own. His view of this moment is a signal of larger shifts that could be coming in the U.S. foreign policy consensus.

Persons: Joe Biden’s, Israel —, “, Ezra Klein, Richard Haass, He’s, we’ve Organizations: Apple, Spotify, Amazon Music, Google, Foreign Relations, Republican, America’s Locations: Ukraine, Gaza, States, Israel, U.S

☆ There's concern China is building significant overcapacity in the auto sector: CFR’s Michael Froman
▼ + stars: | 2024-02-29 | 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 EmailThere's concern China is building significant overcapacity in the auto sector: CFR’s Michael FromanMichael Froman, Council on Foreign Relations President and former U.S. Trade Representative in the Obama administration, joins 'Squawk Box' to discuss the security risks posed by China, the auto competition between U.S. and China, and more.

Persons: Michael Froman Michael Froman, Obama Organizations: Foreign Relations, U.S . Trade Locations: China

☆ Nasdaq and S&P 500 soar to record highs as markets appear unsinkable
▼ + stars: | 2024-02-29 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +2 min

New York CNN —The tech-heavy Nasdaq composite index and S&P 500 broke records Thursday afternoon. The S&P 500, meanwhile, gained 0.5% to close at a new high of 5,096.27. The Dow Jones Industrial Average ended the day slightly higher, up 47 points, or 0.1%. The S&P 500 was up 5.2% for the month, the Dow was 2.2% higher and the Nasdaq gained 6.1%. All S&P 500 subsectors ended the month in positive territory.

Persons: Austan Goolsbee, ”, “, subsectors, Bitcoin, bitcoin Organizations: New, New York CNN, Nasdaq, Federal Reserve, Dow Jones, Commerce Department, Fed, Investors, Chicago Fed, Council, Foreign Relations, Dow, Deutsche Bank, Nvidia Locations: New York

☆ Sweden clears final hurdle in bid to join NATO after Hungary approves accession
▼ + stars: | 2024-02-26 | by ( Joshua Berlinger | Stephanie Halasz | ) edition.cnn.com time to read: +5 min

Of the 194 members of parliament who voted, just six rejected Sweden’s accession. NATO Secretary-General Jens Stoltenberg confirmed that Sweden will join the alliance now that all allies have approved Sweden’s bid to join. As NATO states, Finland and Sweden will enjoy the protection granted under Article 5 of the treaty that established the alliance – which states that an attack on one member is considered an attack against all. While most NATO members quickly approved Finland and Sweden’s applications, Hungary and Turkey held out for some time. Video Ad Feedback Turkish parliament approves Sweden's NATO membership bid 01:05 - Source: CNNShortly after the Turkish vote, Orban told NATO chief Stoltenberg that his government would also support Swedish membership.

Persons: CNN —, Vladimir Putin, Ulf Kristersson, Viktor Orban, Sweden’s, ” Kristersson, Jens Stoltenberg, Recep Tayyip Erdogan, Orban, Stoltenberg, Putin, Luke McGee, Lauren Kent Organizations: CNN, NATO, Stockholm, Swedish, Gripen, “, United, Russia, Ukraine, Union, EU, Sweden’s, Budapest, Kyiv Locations: Budapest, Hungary, Swedish, “ Sweden, Sweden, United States, Atlantic Treaty, Eastern Europe, Russia’s, Finland, Russia, Ukraine, Turkey, Stockholm, EU, Europe, Israel

☆ Ukraine claims it shot down a key A-50 Russian spy plane — again
▼ + stars: | 2024-02-24 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +2 min

Ukraine's air force said it has shot down another Russian A-50 spy plane. Ukraine previously said it shot down a Russian A-50 in January. AdvertisementUkraine's air force said it shot down another Russian A-50 spy plane on Friday. The A-50 is a crucial spy plane that allows Russian to detect incoming Ukrainian missiles and identify ground targets. AdvertisementIn mid-January, Ukraine said it shot down another Russian A-50 spy plane over Ukraine's southern Zaporizhzhia region on the same day it also said it shot down an Ilyushin Il-22 airborne command post.

Persons: —, Gustav Gressel, Natalie Musumeci, Sinéad Baker Organizations: Service, CNN, Business, Ilyushin, UK's Defense Ministry, European Council, Foreign Relations Locations: Russia, Ukraine, Russian, Zaporizhzhia, Azov, Kyiv

☆ Turkey is back in from the cold with NATO and F-16 moves, but thorny issues remain
▼ + stars: | 2024-02-21 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Turkey spent nearly two years — along with Hungary — holding up Sweden's accession to NATO. Within hours of Ankara's decision, the U.S. approved a $23 billion sale for F-16 fighter jets to Turkey that had been delayed since 2021. It's worth noting that Hungary has yet to approve Sweden's NATO bid, and remains the only member of the alliance standing in the way of the Nordic country's accession. Turkey seemingly has a unique position that allows it to push the envelope and cross lines with its NATO allies. "My approval of Turkey's request to purchase F-16 aircraft has been contingent on Turkish approval of Sweden's NATO membership.

Persons: Turkey Recep Erdogan, It's, Recep Tayyip Erdogan, it's, Victoria Nuland, David Lepeska, Ben Cardin Organizations: NATO, Conference, Hungary —, UAE, Democratic, Senate Foreign Relations Locations: Turkey, Vilnius, Lithuania, Hungary, Sweden, Washington, Russian, Turkish, Eastern

☆ A quarter of smokers quit within a year or two of menthol bans, researchers find
▼ + stars: | 2024-02-21 | by ( Jen Christensen | ) edition.cnn.com time to read: +6 min

CNN —Menthol cigarette bans are effective at getting people to quit smoking, new research finds. The pooled results show that about a quarter of menthol smokers quit within a year or two when the substance is banned from cigarettes. Menthol cigarette smoking rates were lower in settings with national bans and highest when there were only local or statewide bans. Even if just a quarter of menthol smokers quit, it could improve the health of thousands of people. Menthol itself isn’t addictive, but menthol cigarettes are more attractive to new smokers, studies show, because the flavoring masks the harsh taste and smell that may put some new smokers off.

Persons: Biden, Dr, Sarah Mills, ”, Mills, Menthol, ” Mills, We’ve, menthols, Rafael Meza, Sanjay Gupta, Meza, There’s, ” Meza Organizations: CNN, US Food and Drug Administration, Tobacco Research, European Union, Food and Drug Administration, Department of Health, Gillings School of Public Health, US Centers for Disease Control, CDC, Studies, Foreign Relations, CNN Health, Cancer Research Institute Locations: Canada

☆ Australia unveils plan for largest navy buildup since World War II
▼ + stars: | 2024-02-20 | by ( Brad Lendon | ) edition.cnn.com time to read: +6 min

CNN —Australia on Tuesday announced plans to build its largest navy since World War II, allocating more than $35 billion for the defense project over the next 10 years, in a move analysts said pointed to heightened tensions with China in the Indo-Pacific. The independent review noted Australia had “the oldest fleet Navy has operated in its history,” according to the government statement. John Bradford, Council on Foreign Relations international affairs fellow, said Australia would need to be steadfast in sticking with the plan. “This investment provides a clear pathway for the shipbuilding industry and workforce in South Australia and Western Australia,” the release said. However, the opposition Greens party called the plan a “multi-billion-dollar mistake” driven by local political concerns to protect shipbuilding jobs – and political ones.

Persons: ”, Mark Hammond, Collin Koh, ” Jennifer Parker, Parker, John Bradford, Bradford, Andrew Hastie, ” Hastie, that’s, ” Koh, Pat Conroy, Sen, David Shoebridge, CNN’s Angus Watson, Hilary Whiteman Organizations: CNN, Australia, Royal Australian Navy, US Navy, Navy, Rajaratnam, of International Studies, UNSW Canberra, Australian Broadcasting Corporation, ABC, Hobart, Foreign Relations, Greens, ” Greens Locations: China, Australia, United States, United Kingdom, Singapore, South, Northeast Asia, Japan, South Korea, Germany, Spain, Australian, South Australia, Western Australia

WASHINGTON (AP) — U.S. lawmakers are raising alarms about what they see as America’s failure to compete with China in biotechnology, warning of the risks to U.S. national security and commercial interests. Bills have been introduced in the House and Senate to bar “foreign adversary biotech companies of concern” from doing business with federally funded medical providers. Photos You Should See View All 33 ImagesCritics of the legislation warn that restrictions on Chinese companies would impede advances that could bring a greater good. “It’s not just a supply chain battle or a national security battle or an economic security battle; I would submit it’s a moral and ethical battle,” Gallagher said. He said any restrictive U.S. measures should be tailored to address military concerns and concerns about genomic data security.

Persons: walling, ”, Abigail Coplin, Rachel King, Mike Gallagher, Gallagher, “ It’s, ” Gallagher, “ we’re, Biden, Tom Bollyky, Bollyky, Ray Yip, Yip, “, Anna Puglisi, Puglisi, ” Puglisi, BGI, WuXi AppTec, Dake Kang Organizations: WASHINGTON, — U.S, Biotechnology, Bills, Embassy, Biden, Vassar College, Biotechnology Innovation Organization, National Security Commission, Emerging Biotechnology, U.S . Senate, Chinese Communist Party, Wisconsin Republican, “, Bloomberg, Council, Foreign Relations, U.S . Centers for Disease Control, Georgetown University’s Center for Security, Emerging, The Defense Department, Commerce Department, Associated Press Locations: China, U.S, ”, South China, Wisconsin, Boston, United States, WuXi, Beijing

☆ 'China has a lot more to lose': U.S. considering sanctioning Chinese firms aiding Russia's war
▼ + stars: | 2024-02-19 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +4 min

Russia's President Vladimir Putin and Chinese President Xi Jinping shake hands during a meeting in Beijing on October 18, 2023. The provisions would mark the first direct penalties against Beijing despite long-held Western suspicions over its support for Russia's military operations. So I would hope China would calculate carefully that there are consequences around the corner for supporting Russia's violence and depravity in Ukraine." Asked whether the U.S. is considering similar sanctions on China as those proposed by the EU, U.S. A separate January report found that China has become key conduit in funnelling critical Western tech into Russia.

Persons: Vladimir Putin, Xi Jinping, Sergei Guneyev, Gerald Connolly, CNBC's Silvia Amaro, Connolly, Ben Cardin, Biden, Josep Borrell, Alexei Navalny Organizations: Afp, Getty, Congress, CNBC, Democratic, U.S . House, Foreign Relations, European Union, Beijing, Saturday, Munich Security, EU, U.S, Russia, U.S . National Security Council Locations: Beijing, Munich, GERMANY, The U.S, Russia, Ukraine, China, Washington, U.S

☆ The Fed has a very strong case to keep rates higher for longer
▼ + stars: | 2024-02-17 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Yet Jerome Powell and his central bank colleagues have rebuffed those forecasts, and markets have pushed their rate cut predictions further into 2024. And the producer price index for January came in at 0.3% on Friday, higher than the expected 0.1% increase. Jimmy Chang, the chief investment officer for Rockefeller Global Family Office, told Business Insider that it would be difficult for the Fed to cut rates in the current landscape. AdvertisementThe Fed's next moveThe case for keeping rates unchanged has gained momentum over recent weeks, but both markets and the Fed ultimately expect easing interest rates in 2024. Bank of America forecasts that the first cut likely won't happen until June, and policymakers could opt to cut rates "later and faster."

Persons: Jerome Powell, Nonfarm payrolls, Mary Daly, agilely, Joe Seydl, Seydl, Jimmy Chang, Chang, Austan Goolsbee, Goolsbee, Jay Woods, We're, Woods, Powell Organizations: Federal Reserve, Bureau of Labor Statistics, Atlanta Fed, San Francisco Fed, JPMorgan Private Bank, Rockefeller Global Family Office, Fed, Chicago Fed, Council, Foreign Relations, Freedom Capital Markets, Bank of America

☆ The same kind of sanctions in place in Russia can also be applied to China, U.S. congressman warns
▼ + stars: | 2024-02-17 | 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 EmailThe same kind of sanctions in place in Russia can also be applied to China, U.S. congressman warnsGerald Connolly, member of the U.S. House Committee on Foreign Relations, outlines the sanction risks to China if it potentially assists Russia with its war in Ukraine.

Persons: Gerald Connolly Organizations: U.S . House, Foreign Relations Locations: Russia, China, U.S, Ukraine

☆ China threats of 'major concern' to the U.S., Senator says
▼ + stars: | 2024-02-17 | 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 EmailChina threats of 'major concern' to the U.S., Senator saysDemocratic Senator Ben Cardin, chairman of the Senate Committee on Foreign Relations, says the security challenges posed by China are a key concern for the United States, including its potential support for Russia's war in Ukraine.

Persons: Ben Cardin Organizations: Foreign Relations Locations: U.S, China, United States, Ukraine

☆ U.S. quit NATO? 'That is never going to happen,' says Republican Senator Jim Risch
▼ + stars: | 2024-02-17 | 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 EmailU.S. quit NATO? 'That is never going to happen,' says Republican Senator Jim RischIdaho Republican Senator Jim Risch, ranking member of the Senate Committee on Foreign Relations, told CNBC at the Munich Security Conference that the U.S. won't quit the NATO alliance, but urged members to meet the 2% spending target.

Persons: Jim Risch, won't Organizations: U.S, NATO, Jim Risch Idaho Republican, Foreign Relations, CNBC, Munich Security Conference Locations: Jim Risch Idaho, U.S

☆ Trump will quit NATO, Hillary Clinton says, as anxiety mounts over U.S. commitment to the alliance
▼ + stars: | 2024-02-17 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

"He will pull us out of NATO," Clinton told attendees during a lunchtime session. watch nowU.S. Republican Senator Jim Risch, ranking member of the Senate Committee on Foreign Relations, on Saturday dismissed talk of the U.S. quitting NATO, saying: "We have answered that question." Clinton said, however, that Trump could actually just refuse to fund the alliance. Dutch Prime Minister Mark Rutte earlier Saturday referenced constant "moaning and whining" at the event about the future of NATO under Trump. Indeed, Germany's defense minister said that his country's commitment to spend 2% of GDP on defense should be just the start, noting that the threshold could rise to 3.5% if necessary.

Persons: Donald Trump, Joe Raedle, Hillary Clinton, Clinton, doesn't, Jim Risch, Trump, Europe's, Mark Rutte, Olaf Scholz, Mette Frederiksen, Frederiksen, Jens Stoltenberg, CNBC's Silvia Amaro Organizations: U.S, Getty, NATO, Saturday, White, Munich Security Conference, Trump, Congress, Republican, Foreign Relations, United States Senate, CNBC, U.S . House, Representatives, Dutch, Danish Locations: Lago, West Palm Beach , Florida, MUNICH, Germany, U.S, Russia, Munich, Ukraine, Europe, NATO, United States

☆ U.S. troops will be on the front lines against Russia without further Ukraine aid, Senator Coons says
▼ + stars: | 2024-02-16 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

MUNICH, Germany — The U.S. faces the prospect of direct combat with Russia if it fails to provide continued financial and military support for forces on the ground in Ukraine, U.S. Democratic Sen. Chris Coons said Friday. Calling for bipartisan support from the U.S. House of Representatives for a new $95 billion aid package that includes funds for Ukraine, Coons said that investment in Europe was the U.S.' best defense against Moscow. "In the next front against Russia, it will be Americans on the front lines," Coons told CNBC's Silvia Amaro at the Munich Security Conference. Without doing so, Coons said Putin was likely to target a NATO ally next. "If we don't stop Putin in Ukraine, he will next be attacking NATO allies of the United States," he said.

Persons: Sen, Chris Coons, Democratic Sen, Coons, CNBC's Silvia Amaro, Vladimir, Putin, Joe Biden Organizations: Senate Armed Services, Foreign Relations, Capitol, Washington , D.C, Democratic, U.S . House, Ukraine, Moscow, Russia, Munich Security, U.S, Senate, NATO Locations: Afghanistan, Washington ,, MUNICH, Germany, The U.S, Russia, Ukraine, U.S, Europe, United States

☆ Reports on Alexei Navalny's death are 'heart-breaking,' U.S. senator says
▼ + stars: | 2024-02-16 | 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 EmailReports on Alexei Navalny's death are 'heart-breaking,' U.S. senator saysChris Coons, U.S. Senator and member of the senate committee on foreign relations, reacts to Russian media reports that jailed Putin critic Alexei Navalny has died.

Persons: Alexei Navalny's, Chris Coons, Alexei Navalny Locations: U.S

☆ Munich Security Conference is a time to recommit to democracy, U.S Senator Coons
▼ + stars: | 2024-02-16 | 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 EmailMunich Security Conference is a time to recommit to democracy, U.S Senator CoonsChris Coons, Senator and Member of the Senate Committee on Foreign Relations for the U.S, discusses the U.S. support for Ukraine.

Persons: Coons Chris Coons Organizations: Foreign Relations Locations: Ukraine

☆ 10-year Treasury yield falls as investors assess path ahead for inflation, interest rates
▼ + stars: | 2024-02-15 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was over three basis points lower to 4.228%. The 2-year Treasury yield was last down by around one basis point to 4.5676%. U.S. Treasury yields declined on Thursday as investors considered what could be next for inflation and interest rates and looked to comments from U.S. Federal Reserve speakers and economic data. Investors weighed the outlook for inflation and interest rates after the latest consumer price index — which was released Tuesday — showed that prices rose by more than expected in January. Elsewhere, data showed that the U.K. economy contracted by 0.3% in the fourth quarter of 2023, pushing the country into a technical recession.

Persons: —, Austan Goolsbee Organizations: Treasury, U.S, U.S . Federal Reserve, Investors, Chicago Fed, Council, Foreign Relations Locations: U.S

☆ Russia's military alliances are giving it a major edge — just as Ukraine's are faltering
▼ + stars: | 2024-02-14 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +6 min

A closer relationship with ChinaChina and Russia have deepened their military ties in recent years with the help of arms sales and joint military exercises. It has hosted Russian military drills, soldiers, and equipment, and enabled the transportation of Russian weapons close to Ukraine's borders. The situation is looking bleak for UkraineThe support from Russia's allies matters, especially when paired with the country's soaring defense budget. Its military appears to have a major edge over Ukraine as the country's financial and military support from its allies is faltering. Meanwhile, on Tuesday, the Senate passed a $95 billion emergency defense-aid bill that could support Ukraine, Israel, and Tawain — but the bill is expected to face stiff opposition by Republicans, BI previously reported.

Persons: —, That's, Vladimir Putin, Mikhail Klimentyev, Nils Andreas Stensones, Stensones, Trump, Putin, YURI KADOBNOV, Patrick Bury Organizations: Ukraine, Service, Norway's Intelligence Service, Sputnik, Moscow Times, UN, North, European Council, Foreign Relations, UK's Ministry of Defence, Reuters, University of Bath, Putin, Trump, Republicans Locations: Russia, Ukraine, China, Belarus, Iran, North Korea, Europe, Ukrainian, China China, Japan, Russian, Ukraine's, Helsinki, Israel

☆ The GOP could be about to cost Ukraine the war
▼ + stars: | 2024-02-14 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +8 min

But House Republicans under Speaker Mike Johnson have no plans to take up the deal, effectively blocking the $60 billion in Ukraine aid it includes. AdvertisementThe war has reached a stalemate even with this support, and a sudden shortage as could come this year drastically weakens Ukraine’s war effort against Russia, analysts told Business Insider. Without US arms support, Ukraine will simply be outgunned and more of its troops will die, experts warn. Other aid will save Ukraine just for monthsA Ukrainian defeat would not be immediate, as Europe could step up its military aid, Herbst said. Losing Ukraine would come at a devastating cost for NATO and the USThese dynamics are perilous for Ukraine and its backers.

Persons: —, Mike Johnson, John Herbst, Herbst, Ukraine’s, Gustav Gressel, Stringer Mark Cancian, they'd, Cancian, Vladimir Putin, Johnson, Hakeem Jeffries Organizations: Service, Business, Patriot, Council’s Eurasia Center, Archer Artillery, Roman, Getty, American Enterprise Institute, Martens, European Council, Foreign Relations, REUTERS, US Marine Corps, Center for Strategic, International Studies, NATO, Russia, Democrats, House Republicans Locations: Ukraine, Israel, Taiwan, Russia, Ukrainian, Iran, North Korea, Donetsk Oblast, Europe, Zaporizhzhia region, Russian, Soviet Union, Belarus, Africa, Balkans, America

☆ The Evergrande collapse is not China's 'Lehman moment,' but it does complicate an economic recovery, think tank says
▼ + stars: | 2024-02-14 | by ( Aruni Soni | ) www.businessinsider.com time to read: +3 min

The Evergrande collapse is not China's 'Lehman moment,' but it does complicate an economic recovery, CFR expert said. "Unlike Lehman, Evergrande's insolvency is due to its excessive borrowing and aggressive use of leverage, not over-securitization." This has spurred on the question: is the Evergrande collapse China's "Lehman moment?" One famed hedge-fund boss said China's property crash was like the Great Financial Crisis from 2008 "on steroids." "Unlike Lehman, Evergrande's insolvency is due to its excessive borrowing and aggressive use of leverage, not over-securitization."

Persons: Lehman, —, Evergrande, Zoe Liu, Liu Organizations: Service, of Foreign Relations, Lehman Brothers Locations: Hong Kong

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