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[1/3] Florida Governor and Republican presidential candidate Ron DeSantis speaks at the Republican Party of Iowa's Lincoln Day Dinner in Des Moines, Iowa, U.S., July 28, 2023. China is mentioned daily at campaign stops, in digital ads and in policy speeches by the various Republican candidates. Some 50% of Americans identify China as the greatest threat to the United States, according to a Pew Research poll released in late July. On the stump, they have said the United States must stand by Ukraine. If the United States does not confront Russia, they say, China will feel emboldened.

Persons: Ron DeSantis, Scott Morgan, Democratic Biden, DeSantis, Nikki Haley, Donald Trump, Tim Scott, Trump, Terry Sullivan, Marco Rubio's, Joe Biden, Pew, Haley, Scott, Jamieson Greer, King, Wendy Cutler, Mike Pence, Gram Slattery, David Lawder, Michael Martina, Ross Colvin, Alistair Bell Organizations: Florida Governor, Republican, Republican Party of Iowa's, REUTERS, Democratic, East, Newsweek, Justice Department, Pew Research, Trade, Spalding, U.S . Trade Representative, Trump, Heritage Foundation, Russia, China, American Enterprise Institute, Thomson Locations: Des Moines , Iowa, U.S, ROCHESTER , New Hampshire, China, United States, America, Communist China, Russia, Iran, Beijing, Washington, Ukraine

☆ Opinion | Is Fear of Crime a Self-Fulfilling Prophecy?
▼ + stars: | 2023-08-01 | by ( Neil Gross | ) www.nytimes.com time to read: +2 min

He found that during the year he tracked them, people who had a permit were no less likely to be victims of violent crime than people who didn’t have one. Stolen guns are sometimes trafficked out of state, but more commonly circulate locally, where they may be used to commit additional offenses. As a result, each concealed-carry permit increased the violent crime rate in the neighborhood by about 2 percent. If fear of crime leads more people to get guns, and some of those guns are then stolen, increasing violence and creating more fear, a vicious cycle could ensue. Fear can also make crime more likely by fraying the social and economic fabric.

Persons: Stephen Billings, Billings, —, Wesley Skogan Locations: Charlotte, N.C

Aug 2 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. A double dose of the U.S. Treasuries and dollar 'pain trade' looks set to put Asian markets on the defensive on Wednesday, with investors also bracing for South Korean inflation figures and an expected interest rate hike from the Bank of Thailand. Several indicators, from big Wall Street banks' client surveys to futures market positioning data, show investors are not positioned for that. The yen has fallen nearly 4% since the BOJ tweaked its seven-year 'yield curve control' policy on Friday. Annual inflation in South Korea, meanwhile, is expected to have slowed to 2.40% in July from 2.70% the month before.

Persons: Jamie McGeever, Tuesday's, Deepa Babington Organizations: Bank of Thailand, Bank of, Apple, South, South Korea CPI, PMI, Thomson, Reuters Locations: Asia, Pacific, U.S, South Korea, Thailand, Singapore

☆ The great Rolex recession is here: How the Fed crushed the luxury watch boom
▼ + stars: | 2023-07-30 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +4 min

The WatchCharts market index and has slumped 32% from an all-time high in March last year. When the 'everything rally' was in full swing during the pandemic period, luxury watches were no exception. Preowned watch sales reached $22 billion in 2021 – nearly a third of the $75 billion luxury watch market, according to a report from Boston Consulting Group. The Rolex index is up by more than 55% from five years ago. "Luxury watches have performed well, especially over the long term, in comparison with traditional investment categories.

Persons: Patek Philippe, Audemars, Philippe, Audemars Piguet, Patek Philippes, Piguets, – Organizations: Service, Wall, Rolex, Fed, Boston Consulting Locations: Wall, Silicon

☆ Intel results boost chip stocks on optimism PC market slump is ending
▼ + stars: | 2023-07-28 | by ( Aditya Soni | ) www.reuters.com time to read: +3 min

Intel is poised to add about $10 billion to its market value, based on its current price of $37. Intel's results lifted Advanced Micro Devices (AMD.O) and Nvidia (NVDA.O) by 3.2% and 2.3%, respectively, while Qualcomm (QCOM.O) advanced 2.6%. Although a titan of the American chip industry, Intel has fallen behind rivals such as Taiwan's TSMC and Nvidia both in terms of margins and market value as the PC market downturn and stiff competition in the data center market battered its business. Earnings reports from other chipmakers including Samsung (005930.KS) have also shown that the glut in the smartphone and PC markets is ending, but the outlook for demand from customers outside the AI industry remains gloomy. Intel has a 12-month forward price-to-earnings ratio of 31.10, compared with Nvidia's 43.26 and an industry median of 19.95.

Persons: Glenn O'Donnell, Forrester, Pat Gelsinger, Aditya Soni, Chavi Mehta, Savio D'Souza, Shounak Organizations: Intel, Devices, Nvidia, Qualcomm, Samsung, Rosenblatt Securities, Thomson Locations: KS, Bengaluru

Mugabe’s successor, Emmerson Mnangagwa, had promised sweeping political, economic and social reforms. Several opposition activists, journalists and human rights activists have been arrested over the last year, including Job Sikhala, a Parliament member and senior official with the CCC. Obey Shava, a prominent Zimbabwean human rights lawyer who has represented various opposition party supporters facing questionable charges, was violently attacked earlier this month. Human rights group Amnesty International called it a “brutal assault on civic space.”At the same time, government corruption remains a problem in Zimbabwe. Mnangagwa has blamed Western sanctions for the current economic crisis in Zimbabwe, where the annual inflation rate reached 175% in June.

Persons: Robert Mugabe, Zimbabwe’s, Mugabe’s, Emmerson Mnangagwa, “, ”, Joe Biden, ” Biden, Nelson Chamisa, Job Sikhala, Obey, Bill –, Bill, Al Jazee, Mugabe, Morgan Tsvangirai, Mnangagwa, Macky Sall, Felix Tshisekedi, Stephen Chan, ” Chan, Ruben Mbofana, –, Mbofana, Leonard Koni, Kudakwashe Regimond Tagwirei, Emmerson Mnangagwa Jr, ” Koni Organizations: U.S . Congress, “, ZANU, Citizens Coalition, Amnesty, Movement, Democratic, Mugabe, U.S, Congress, Zimbabwe Democracy, ., U.S . Treasury, Union, Reuters, SOAS University of London Locations: MUTARE, Zimbabwe, Mutare, Rhodesia, U.S, United Kingdom, Canada, Australia, Senegal

☆ Across rural America, data center development booms as investors race to cater to artificial intelligence
▼ + stars: | 2023-07-21 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +10 min

Data center development is booming and AI is expected to stoke already growing demand. Demand is sapping power grids in major markets and pushing data center development across the US. The project's neighbors include Google, Meta, Microsoft, and Amazon – all of whom have similar plans, or are already underway with major data center projects. The message came after a torrid period of growth by the data center industry in that region. Wes Swenson, Nova's CEO, said the Reno region was becoming increasingly popular for data center development because of its access to power.

Persons: Matt McCollister, Martin Peck, Lincoln Rackhouse, Peck, Blackstone, Jonathan Gray, Drew Angerer, Bard, Gray, Pat Lynch, Robbie Sovie, Sovie, Georgia Power, Skybox, Rob Morris, Morris, George Frey, Novva, Wes Swenson, Nova's, Swenson, CBRE, Lynch Organizations: stoke, Lincoln Property Company, Harrison Street, Google, Meta, Microsoft, Amazon, Lincoln, Carrier, QTS, Dominion Energy, Dominion, Washington DC, APS, QuadReal, Georgia, Reuters, Data Centers, CIM Group Locations: Ohio, New Albany, Columbus, Northern Virginia, Dallas, Phoenix, Silicon Valley, Chicago, Virginia, Loudoun County, Washington, Arizona, Southwest, Lithia Springs , Georgia, Atlanta, Vancouver, Hutto , Texas, Austin, Eagle Mountain , Utah, Reno , Nevada, Storey County, Reno, Silicon, Salt Lake City, West Jordan , Utah, CBRE

A dog named BradleyThe armored fighting vehicles are so admired by Ukrainian soldiers that running around Kach’s team’s camp barking is “Bradley” – the brigade press officer’s 6-month-old rescue puppy. Russian artillery started to pick off the vehicles sent out to de-mine the area. The 47th ran into trouble very quickly trying to pierce the Russian line in their newly acquired armor. Outside loud booms from Ukrainian artillery cannons sweep across the heavily damaged and now largely empty town. They have more guns, they have more shells and they have more people so we must counter that with our … professionalism.”These days, that means the slow grind of the exposed troops fighting from trench to trench, assaulting tree line to tree line under heavy fire.

Persons: Ukraine CNN —, ”, “, Kach, Bradley, “ Bradley ” –, Seb Shukla, “ It’s, Rob Lee, ” Lee, Tral, Stanislav, ” Stanislav Organizations: Ukraine CNN, Bradley, CNN, 47th Mechanized Brigade, US, Foreign Policy Research Institute, ” Locations: Ukraine, Ukrainian, Russia, Kharkiv, American, Germany, Kach’s, Crimea, Donbas, Azov, German, “, Russian

"For China, it is 'bad news is good news' at the moment," said Jun Bei Liu, portfolio manager at Tribeca Investment Partners in Sydney. Even before the latest disappointing growth data, a slew of soft economic indicators had shown China's recovery was falling short, slamming the brakes on nascent stock market rallies. Foreign money has been leaving, with worries over China's cyber-security crackdowns and Sino-U.S. flaps over chips and rare metals adding to growth concerns. REVIEWING CHINAGoldman Sachs analysts led by Kinger Lau also believe a 'tactical market recovery' thesis is compelling, and project a 15% 12-month return for the CSI300. "We are conservative about the extent of the policy support down the road," said Alicia Garcia Herrero, chief economist, Asia Pacific at Natixis.

Persons: Jun Bei Liu, Liu, Marcella Chow, CHINA Goldman Sachs, Kinger Lau, it's, Mike Kelly, Alicia Garcia Herrero, Eugenia Victorino, SEB, Victorino, Ting Lu, Jason Xue, Tom Westbrook, Kim Coghill Organizations: Tribeca Investment Partners, CSI, Morgan Asset Management, CHINA, JPMorgan, PineBridge Investments, Nomura, Thomson Locations: China, Sydney, U.S, Asia, Natixis, Shanghai

☆ FedEx appoints new CFO
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +1 min

[1/2] Signage is seen on a FedEx location in Manhattan, New York City, U.S., September 3, 2021. REUTERS/Andrew KellyJuly 17 (Reuters) - FedEx Corp (FDX.N) on Monday appointed former CEO of Atlas Air Worldwide John Dietrich as chief financial officer, effective Aug. 1. FedEx said Dietrich, a veteran in the aviation and air cargo space, has held numerous leadership roles at Atlas Air Worldwide since 1999. The development comes months after the company outlined $4 billion in permanent cost cuts by the end of its 2025 financial year. Last fiscal year, FedEx slashed about 29,000 jobs, retired 18 planes, shuttered offices and pared back profit-sapping Sunday deliveries.

Persons: Andrew Kelly, John Dietrich, Michael Lenz, Dietrich, Priyamvada, Devika Syamnath Organizations: FedEx, REUTERS, FedEx Corp, Monday, Atlas Air, Atlas Air Worldwide, Thomson Locations: Manhattan , New York City, U.S, Memphis, Bengaluru

☆ Alcaraz seizes the throne as Djokovic finally meets his match
▼ + stars: | 2023-07-16 | by ( Martyn Herman | ) www.reuters.com time to read: +5 min

Of course, he did, because you do not have 23 Grand Slam titles in the bank by ducking a fight in moments of crisis. Young pretenders have repeatedly tried and failed to take Djokovic down at Wimbledon -- Matteo Berrettini in the 2021 final and Nick Kyrgios last year. That he did it with Djokovic still at the peak of his powers and halfway to a calendar-year Grand Slam, made it feel like a seismic moment in men's tennis. "I've won some epic finals that I was close to losing so it's fair and square," Djokovic, who saved match points when beating Roger Federer in 2019, told reporters. The bull-like Spaniard, playing only his second Grand Slam final compared to Djokovic's record 35, might have folded after being schooled by the master in a 34-minute opening set.

Persons: Novak Djokovic, Carlos Alcaraz, Young, Matteo Berrettini, Nick Kyrgios, Boris Becker, Manuel Santana, Rafa Nadal, Djokovic, I've, Roger Federer, Carlos, Federer, Serena Williams, Spain's Carlos Alcaraz, Serbia's Novak Djokovic, Andrew Couldridge, Novak, King Felipe, Carlos Carlos, Margaret Court's, Alcaraz, Djokovic's, Martyn Herman, Toby Davis Organizations: Wimbledon, Lawn Tennis, Croquet Club, Serbia's Novak Djokovic REUTERS, Thomson Locations: ducking, Wimbledon, tennis, London, Britain

☆ Tumbling US dollar a boon to risk assets across the globe
▼ + stars: | 2023-07-14 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +5 min

NEW YORK, July 14 (Reuters) - Cooling U.S. inflation is accelerating a decline in the dollar, and risk assets around the world stand to benefit. Because the dollar is a linchpin of the global financial system, a wide range of assets stand to benefit if it continues falling. Raw materials, which are priced in dollars, become more affordable to foreign buyers when the dollar declines. "For markets, the weaker dollar and its underlying driver, weaker inflation, is a balm for everything, especially for assets outside the U.S.," said Alvise Marino, foreign exchange strategist at Credit Suisse. Reuters GraphicsIn the world of monetary policy, the dollar's decline may be a relief to some countries, as it removes the urgency for them to support their falling currencies.

Persons: Russell, Alvise Marino, Karl Schamotta, Paresh Upadhyaya, Upadhyaya, Kenneth Broux, Helen, pare, it's, Saqib Iqbal Ahmed, Dhara Ranasinghe, Ira Iosebashvili, Leslie Adler Organizations: YORK, U.S, Federal Reserve, Investment, Goldman Sachs, Credit Suisse, Treasury, Fed, Colombian, Kazakhstan tenge, Uruguayan, Reuters Graphics, Traders, Generale, stoke, Monex USA, Thomson Locations: U.S, Polish, Corpay, Kazakhstan, Japan, Swedish

Hedge funds and other money managers sold the equivalent of 64 million barrels in the six most important petroleum-related futures and options contracts in the seven days ending June 27. Essentially all the sales were concentrated in crude contracts split evenly between Brent (-31 million barrels) and NYMEX and ICE WTI (-33 million barrels). Fund managers had accumulated 136 million barrels of gross short positions in NYMEX WTI, the most since 2017. The slump in WTI positions is likely being intensified by contract changes which have seen WTI crude grades added to the Brent futures contract. From a positioning perspective, extreme pessimism towards crude prices and lopsided positions are creating potential for an explosive rally in future.

Persons: Alexander Manzyuk, Brent, John Kemp, David Evans Organizations: REUTERS, OPEC ⁺, ICE, ICE WTI, Fund, Global, Thomson, Reuters Locations: Republic of Tatarstan, Russia, Saudi Arabia, Brent, NYMEX WTI, North America, Europe, China, U.S, Iran, Venezuela, distillates

☆ G.O.P. Threatens Spy Agencies’ Premier Surveillance Tool
▼ + stars: | 2023-07-03 | by ( Karoun Demirjian | ) www.nytimes.com time to read: +1 min

An intensive drive by right-wing Republicans in Congress to vilify the F.B.I. with charges of political bias has imperiled a program allowing spy agencies to conduct warrantless surveillance on foreign targets, sapping support for a premier intelligence tool and amplifying demands for stricter limits. But the law authorizing it is set to expire in December, and opposition among Republicans, who have historically championed it, has grown as the G.O.P. has stepped up its attacks on the F.B.I., taking a page from former President Donald J. Trump and his supporters. “We’re concerned about surveillance, period.”At issue is a program allows the government to collect — on domestic soil and without a warrant — the communications of targeted foreigners abroad, including when those people are interacting with Americans.

Persons: —, Donald J, Trump, “, ”, Jim Jordan, Mr, Trump’s, “ We’re, Biden Organizations: Republicans, Republican Locations: Ohio

☆ Asia stocks subdued after Powell testimony fails to surprise
▼ + stars: | 2023-06-22 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

SINGAPORE, June 22 (Reuters) - Asian shares made a tentative start to Thursday after Federal Reserve chair Jerome Powell stuck to his recent hawkish tone as investors assess the future rate policy path from the Fed. Atlanta Federal Reserve President Raphael Bostic said on Wednesday the Fed should not raise rates further or it would risk "needlessly" sapping the strength of the U.S. economy. The comments highlight the growing debate at the central bank over when and if the central bank should hike further. "The BoE's conditional guidance put the burden of proof on the data showing more persistent inflation pressures to continue hiking bank rate. Markets will also be awaiting policy decision from Turkey's central bank, with a policy pivot and a sharp rate increase widely expected.

Persons: Jerome Powell, Australia's, Powell, Kevin Cummins, Raphael Bostic, BoE, Taylor Nugent, Sterling, Brent, Lincoln Organizations: Federal, Japan's Nikkei, Fed, NatWest Markets, Atlanta Federal Reserve, Bank of England, Reuters, National Australia Bank, Thomson Locations: SINGAPORE, Asia, Pacific, Japan, China, Hong Kong, Washington, Atlanta, U.S, Turkey's

☆ Opinion: If a 16 year old can drive, work, pay taxes – why can’t they vote?
▼ + stars: | 2023-06-22 | by ( Opinion Paul Hockenos | ) edition.cnn.com time to read: +8 min

In Germany, this age group can vote in European elections, and the same goes for Belgium, on request. And, when Scotland held its referendum on Scottish independence back in 2014, it lowered the voting age from 18 to 16. In the US, some cities in the states of Maryland and California have lowered the voting age to 16 in certain local elections. The US-based NGO National Youth Rights Association argues that 16- and 17-year-olds should participate on decision making on medical autonomy, curfew, drinking age and age discrimination. “They work and are subject to taxation without representation: income tax, sales tax, payroll taxes and more… The US should continue its democratic tradition of extending voting rights,” he added.

Persons: Paul Hockenos, ”, Paul Hockenos Hayyan, –, Kyriakos Mitsotakis, Grace Meng, Meng, ” Linda Kastrup, Neil Bhateja, Greta Thunberg, they’ll Organizations: CNN, New Democracy Party of Greek, YouTube, Facebook, European Union, Scotland, Scottish, Youth, Youth Rights Association, –, National Youth Rights Association, Twitter Locations: Berlin, Europe, New Berlin, Greece, Austria, Malta, EU, Germany, Belgium, Estonia, Maryland, California, New York, London, Bogota, Nairobi

☆ Stocks fall as Powell says inflation fight not over
▼ + stars: | 2023-06-21 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

While noting that inflation remains very far from the Fed's target, Powell said it may make sense to move rates higher, at a more moderate pace. The pan-European STOXX 600 index (.STOXX) lost 0.50% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) shed 0.37%. The Fed is "walking a tight rope between trying to tell people they are going to fight inflation as their No. The U.S. dollar index briefly rose following the release of Powell's testimony, but was last down slightly. The dollar index fell 0.458%, with the euro up 0.67% to $1.0989.

Persons: Brendan McDermid, Powell, Jerome Powell, Raphael Bostic, Rick Meckler, Brent, Caroline Valetkevitch, Medha Singh, Lawrence White, Wayne Cole, Jacqueline Wong, Lincoln, Alex Richardson, David Goodman, Richard Chang, Cynthia Osterman Organizations: New York Stock Exchange, REUTERS, U.S, Treasury, Capitol, Atlanta Federal Reserve, Yahoo Finance, Nasdaq, Dow Jones, Cherry Lane Investments, U.S . West Texas, Thomson Locations: New York City, U.S, New Vernon , New Jersey

"My baseline is that we should stay at this level for the rest of the year," and not cut rates until the latter half of 2024, Bostic said in an interview on Yahoo Finance. "Letting restrictive policy work for a while is prudent because the policy has been truly restrictive for less than a year, and it takes time for monetary policy changes to meaningfully influence economic activity. Bostic is the first official to say explicitly that may be too soon. Therefore, the real economic effects of tighter monetary policy are only just beginning to take hold," Bostic said. The risk of waiting is that inflation may resurge, but "that is not my baseline."

Persons: Raphael Bostic, Bostic, Howard Schneider, Andrea Ricci Organizations: Atlanta Federal Reserve, Yahoo Finance, Fed, Thomson Locations: U.S, Atlanta

☆ Morning Bid: Hawkish Powell keeps markets on defense
▼ + stars: | 2023-06-21 | by ( Alden Bentley | ) www.reuters.com time to read: +3 min

June 22 (Reuters) - A look at the day ahead in Asian markets from Alden Bentley, Breaking News Editor for Finance & Markets, Americas. The week's main attraction, Fed Chair Jerome Powell's testimony before the U.S. House Financial Services Committee, came and went without rearranging the pieces on the table much. So, that left traders expecting rate hikes to resume at the Fed's July meeting, even as the futures market reflects doubts that the Fed will deliver more increases beyond that. U.S. Treasury yields held to pretty narrow ranges and, with Powell leaning hawkish but not deviating much from last week's FOMC message, the three major U.S. stock indexes fell, for the third straight session. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Alden Bentley, Jerome Powell's, Powell's embargoed, Powell, Raphael Bostic, Kazuo Ueda, Powell's, Jerome Powell, Deepa Babington Organizations: Finance & Markets, . House Financial Services Committee, Atlanta Federal Reserve, Yahoo Finance, Reuters, Bank of Japan, Wednesday's U.S, Reserve Bank of Australia's, Treasury, CPI, Thomson Locations: Alden, Americas, U.S, Wednesday's, Japan, Indonesia

☆ FedEx paring costs, grounding more planes as margin pressure persists
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +2 min

The global shipping downturn has hurt margins for the sector and FedEx's challenge is matching costs and capacity to lower demand. Last fiscal year, FedEx slashed 29,000 jobs, retired 18 planes, shuttered offices and pared back profit-sapping Sunday deliveries in a bid to cut $4 billion in permanent costs by the end of its 2025 financial year. For fiscal 2024, FedEx forecast flat to low-single-digit-percent revenue growth versus the prior year. The company said it would buy back $2 million of its common stock in the new fiscal year. He will remain a senior adviser to the company until Dec 31.

Persons: Raj Subramaniam, Michael Lenz, Priyamvada, Lisa Baertlein, Matthew Lewis, Cynthia Osterman, Jamie Freed Organizations: FedEx, Express, Thomson Locations: Bengaluru, Los Angeles

☆ FedEx profit falls on lower e-commerce demand
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +1 min

June 20 (Reuters) - FedEx (FDX.N) on Tuesday reported a fall in quarterly adjusted profit after a bigger-than-expected drop in e-commerce delivery demand offset its $4 billion cost-cutting plan aimed at sheltering margins. The deflating e-commerce delivery bubble, recession risks and pressure from an activist investor pushed Tennessee-based FedEx to begin slashing fixed costs in a bid to protect margins. While the global shipping downturn has been a margin drag for most operators in the sector, FedEx also faces a balancing act of matching costs and capacity with waning demand. The company posted an adjusted profit of $4.94 per share for the fourth quarter ended May 31, compared with $6.87 per share a year earlier. Reporting by Priyamvada C in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Priyamvada, Devika Organizations: FedEx, Thomson Locations: Tennessee, Bengaluru

☆ Ukraine's military may not be able to retake Crimea, but it can make life hell for Russians there, experts say
▼ + stars: | 2023-05-17 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

Retaking the peninsula would be tough, but Ukrainian forces can isolate it, two US experts say. Supplying Russian forces on the peninsula — including the Black Sea Fleet — would require far more airlift capacity than Russia has. "Rattled by attacks, short of supplies, and somewhat isolated, Russian forces in Crimea could become less capable." It is possible that Russia could devise some defense or countermeasure against USVs, especially if they have naval and air superiority over the Black Sea. Sapping the capabilities and morale of Russian forces by disrupting their supply lines is one thing.

☆ Analysis: In Turkey, an election reckoning for the rise and fall of Erdogan's economy
▼ + stars: | 2023-05-08 | by ( Jonathan Spicer | ) www.reuters.com time to read: +8 min

The May 14 vote, which lands during the Turkish Republic's centenary year, is Erdogan's biggest test yet. At the same time, a global reversal in market liquidity left Turkey and other emerging markets starved for funding. But the economic crisis was damaging. This trend accelerated in 2013, wiping out big gains made in 2006-2010 during Erdogan's first decade in charge. "If Erdogan wins the election and continues his economic policy it will come to a complete crash at one point.

☆ Russian Missile Barrage Kills 13 in Ukraine
▼ + stars: | 2023-04-28 | by ( Matthew Luxmoore | Ann M. Simmons | ) www.wsj.com time to read: 1 min

Russia targeted cities across Ukraine on Friday in the most severe missile barrage in more than a month, killing at least 13 people, as the Kremlin called for expanding the development and use of drones. Eight Ukrainian regions were targeted in Russia’s overnight strikes, authorities across the country said. Regular Russian missile barrages throughout the fall and winter, aimed at disabling Ukraine’s energy grid and sapping Ukrainians’ morale, failed to achieve their objective, but Russia has continued sporadic attacks throughout spring as its military campaign to gain territory in Ukraine’s east has largely ground to a halt.

☆ Russian Missile Barrage Kills at Least 23 in Ukraine
▼ + stars: | 2023-04-28 | by ( Matthew Luxmoore | Ann M. Simmons | ) www.wsj.com time to read: 1 min

Russia targeted cities across Ukraine on Friday in the most severe missile barrage in more than a month, killing at least 23 people, as the Kremlin called for expanding the development and use of drones. Eight Ukrainian regions were targeted in Russia’s overnight strikes, authorities across the country said. Ukraine has resisted Russian missile barrages throughout the fall and winter aimed at disabling Ukraine’s energy grid and sapping Ukrainians’ morale. But Russia has continued sporadic attacks throughout spring as its military campaign to gain territory in Ukraine’s east has largely ground to a halt.

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