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☆ 24-year-old lived in an apartment the size of an average parking spot: 'It gave me independence'
▼ + stars: | 2024-03-25 | by ( Celia Fernandez | ) www.cnbc.com time to read: 1 min

Alex Verhaeg had just turned 21 years old when he moved into a 95 sq. The tiny apartment was smaller than the average size of a parking spot — which is roughly 150 square feet — and didn't have a bathroom. Instead, the five-story building has three bathrooms and two showers on each floor for tenants to share. Don't miss: My house is 'smaller than the average size of a parking spot': 3 people share what it's like to live in less than 300 square feet"It gave me independence to have a spot all to myself," he says. "You had to share some things like the restroom but the apartment itself was just mine, which I really enjoyed."

Persons: Alex Verhaeg Organizations: CNBC Locations: Manhattan's East

☆ Alex Honnold, Hazel Findlay and Mikey Shaefer: How three cilmbers scaled one of the world’s largest unclimbed rock faces
▼ + stars: | 2024-03-25 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +7 min

But for climber Alex Honnold, some such places, found in the harshest and most unforgiving of environments, still exist and are ripe for adventure. Climbers Alex Honnold, right, and Hazel Findlay assess the route ahead as they ascend Pool Wall, one of the stops before Ingmikortilaq, in Eastern Greenland. Alex Honnold climbing Ingmikortilaq. I don’t know if you can really have an adventure without unknowns, that’s definitely just part of the experience,” Findlay explains. That is win, win, all the way across the world,” Honnold explains.

Persons: Alex Honnold, Oscar, Honnold, “ I’m, ”, Hazel Findlay, Pablo Durana, Mikey Shaefer, he’d, Findlay, that’s, ” Findlay, Heïdi, Adam Kjeldsen, Aldo Kane, Matt Pycroft, it’s, hadn’t, Hazel Findley, Sevestre, Edward Bailey, “ We’re Organizations: CNN, CNN Sport, California Institute of Technology Locations: Ingmikortilaq, Eastern Greenland, Greenland, London , New York, Miami

☆ Activist investor Nelson Peltz says it's 'probably true' that he's a 'bully billionaire'
▼ + stars: | 2024-03-23 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

Read previewNelson Peltz says it's "probably true" that he's a bit of a bully. The wedding planners filed a countersuit, in which they called Peltz a "billionaire bully," saying the family made unreasonable demands on short notice, The Independent reported. Related storiesThe suits were later settled, but the wedding planners made a fair enough assessment of how he lives his life. FT reported Peltz said of his reputation. "Disney is stupid because I'm not trying to fire Bob Iger, I want to help him," FT reported Peltz said: "We don't fire CEOs."

Persons: —, Nelson Peltz, Nicola's nuptials, he'd, Peltz, Trian, Bob Iger, I'm Organizations: Service, Trian Partners, Business, Independent, Financial Times, Disney, Variety, Street Journal, FT Locations: —, Asia

☆ Kate’s cancer revelation throws royal family into fresh turmoil
▼ + stars: | 2024-03-23 | by ( Lauren Said-Moorhouse | Max Foster | ) edition.cnn.com time to read: +15 min

Yet again, the royal family could face some difficult questions about what they chose to reveal to the public, and when. Kin Cheung/Pool/AFP/Getty Images Kate Middleton, seen here at age 3, was born on January 9, 1982, in Reading, England. Richard Heathcote/Getty Images Kate and Prince William pose for photographers during an event to mark their engagement in 2010. Hannah McKay/Reuters From left, Prince William, Kate, Prince Harry and Meghan, the Duchess of Sussex, wave to a crowd outside Windsor Castle ahead of the Queen's funeral in 2022. Yui Mok/WPA Pool/Getty Images Kate attends the National Service of Remembrance at The Cenotaph in London in November 2023.

Persons: Catherine , Princess, Wales, ”, Kate, “ KATE, Prince William, Kate –, Queen Camilla, King Charles III’s, Catherine , Princess of, Kelly Holmes, Kelly Holmes Trust —, Kin Cheung, Kate Middleton, Middleton, Pippa, Michael, Clarence House, Stephen Lock, Shutterstock Prince William, Richard Heathcote, William, Princess Diana, Ben Stansall, Prince Harry, Pippa Middleton, Kirsty Wigglesworth, John Stillwell, Charles Dharapak, Queen Elizabeth II, Stefan Wermuth, Elizabeth II, Arthur Edwards, Harry Potter, Chris Jackson, Prince George, Princess Charlotte, Prince Philip, Prince Charles, Camilla, Dominic Lipinski, Prince Louis, Charlotte, Aaron Chown, Oli Scarff, Queen, Hannah McKay, Meghan, Duchess of, Emilio Morenatti, Paul Grover, King Charles III, Yui Mok, Reuters Kate, Turlough Mor, Seamus, Karwai Tang, Choo Kyung, Max Mumby, Henry Nicholls, David Cliff, Diana, of, Rishi Sunak, “, Princess, Princess of Wales, CNN Kate, Easter, Prince William –, Gupta, George, Louis, Prince, Kate’s Organizations: London CNN, Times, Sun, Kelly Holmes Trust, Getty, University of St, English rugby, Nations, Italy, Westminster Abbey, Buckingham Palace, Queen, Mary's, Trench, Culture Yard, Royal Air Force, Reuters, Hall, Horse Guards, Irish Guards, National Service of, Images Police, London Clinic, Getty Images, Press Association, Britain, Mary’s, British, CNN, CNN’s Royal Locations: British, Catherine , Princess of Wales, Bath, England, Reading, Jerash, Jordan, Blenheim, Oxfordshire, Andrews, Scotland, AFP, Westminster, London, Buckingham, South Pacific, Tuvalu, St, St . Austell, Kingston , Jamaica, Caribbean, Duchess of Sussex, Windsor, South Korea, Kensington, Wales, Lindo, London’s St, of Wales, Princess

☆ Consulting firms are cutting projections and tightening their belts as demand for their work slows
▼ + stars: | 2024-03-23 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Major consulting firms are seeing demand for their services slow. AdvertisementAccenture said in its quarterly report that consulting revenue for the second fiscal quarter, which ended on February 29, fell about 3% compared to 2023. Major consulting firms across the board are facing waning demand from clients. Some consulting firms are surviving the slowdown by reorganizing. AdvertisementDespite all the doom and gloom , one bright spot for consulting firms is the promise of AI.

Persons: —, Julie Sweet, Joe Ucuzoglu Organizations: Consulting, Accenture, Deloitte, Service, Financial

☆ Ukraine targets more Russian oil refineries a day after reports said the US had warned them not to
▼ + stars: | 2024-03-23 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

Read previewUkraine attacked Russia's oil infrastructure after US officials advised them against targeting Russian oil refineries, Bloomberg reports. Russia's oil infrastructure took another hit as drones targeted refineries in the Samara region. The targeted refineries, both part of Rosneft PJSC's Samara region group, play a crucial role in Russia's oil production landscape. The strikes have targeted refineries, storage depots, and other key sites, exacerbating economic pain and raising fears of further escalation. Indeed, the refineries targeted in the Samara oblast last night are over 800 miles from Kyiv.

Persons: —, Dmitry Azarov, … Organizations: Service, Bloomberg, Business, US, Financial Times Locations: Ukraine, Samara, Russia, Rosneft, Russian

☆ Warren Buffett's favorite market gauge hit a 2-year high, signaling stocks are heavily overvalued and could crash
▼ + stars: | 2024-03-22 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWarren Buffett's favorite market gauge has surged to a two-year high of 184%, signaling stocks are overvalued and could suffer a devastating crash. Investors use it to compare the overall value of the stock market to the size of the national economy. It also relies on GDP, which excludes overseas income, whereas US stocks price in the value of companies' domestic and international operations. AdvertisementYet the metric's return to the lofty levels that preceded past market disasters is a clear red flag for some experts.

Persons: —, Warren, Buffett, yardstick, Buffett's yardstick, John Hussman, Paul Dietrich, Riley Wealth Organizations: Service, Business, Wilshire Indexes, Wilshire, Nvidia, Microsoft, Federal, Nasdaq, Hussman Investment Trust Locations: Wilshire, Berkshire

☆ The CEO of budget airline Ryanair says his potential $109 million bonus is great value for shareholders compared to the money star athletes make
▼ + stars: | 2024-03-19 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

CEO Michael O'Leary is set for a $109 million bonus dependent on the company's stock price rising. He told the Journal it's "very good value for Ryanair shareholders" compared to star soccer players. AdvertisementThe CEO of ultra-low-cost airline Ryanair told The Wall Street Journal his potential $109 million bonus is "very good value" compared to star athletes. Mbappé, the captain of the French national team and arguably the best soccer player in the world, has agreed to a signing bonus of 150 million euros ($162 million) across five years with Real Madrid, the BBC reported. "The funny thing we've learned over the years is actually the bad publicity sells far more seats than the good," O'Leary told The Journal.

Persons: Michael O'Leary, —, it's, O'Leary Organizations: Ryanair, Europe's, Service, Wall Street, Financial Times, Journal, Real, French national, Real Madrid, BBC Locations: Real Madrid

☆ HongShan split from Sequoia last year as US-China relations worsened. Now, it's eyeing up Europe.
▼ + stars: | 2024-03-19 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +4 min

Last June, storied investor Sequoia Capital announced it was to split itself into three separate entities. Sequoia Capital would look after the US and Europe; Peak XV Partners would manage its investments in India; and HongShan Capital would be based in China. The emergence of HongShan as an active investor in Europe would result in the firm "competing with former family," one source said. The expansion could be aimed at attracting businesses that target the Chinese market or companies set up by Chinese entrepreneurs away from home, the FT said, citing sources who had spoken with Shen. HongShan Capital's most recent fund includes LPs such as CalPERS, the University of Texas Investment Management Company, and the University of Washington endowment.

Persons: HongShan, Neil Shen, Shen Organizations: Sequoia Capital, YouTube, Sequoia, Partners, HongShan, Business, United, Strategic, University of Texas Investment Management Company, University of Washington Locations: China, Europe, India, London, Singapore, Asia

☆ A Bill Gates company is about to start building a nuclear power plant in Wyoming
▼ + stars: | 2024-03-19 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

TerraPower, which Bill Gates founded, plans to build its first nuclear power plant in the US. CEO Chris Levesque told the Financial Times it wants to start work on a site in Wyoming in June. AdvertisementA company cofounded by Bill Gates is about to start building next-generation nuclear power plants in the US. AdvertisementMost of the initial work at the Kemmerer site won't be related to nuclear activity, Levesque said. AdvertisementIn October last year TerraPower missed out on making the shortlisted for the next round of the UK government's competition for small nuclear plants.

Persons: Bill Gates, Chris Levesque, TerraPower, —, hasn't, Levesque, Gates Organizations: Financial, Service, Financial Times, Department of Energy, CRV, Khosla Ventures, Reuters, Royce Locations: Wyoming, Kemmerer , Wyoming, Ukraine, Britain

☆ China keeps on finding ways to hurt USA Inc
▼ + stars: | 2024-03-18 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Beijing has asked domestic EV companies to ramp up spending with local chip makers, per Bloomberg. It has bruised Tesla too, as it battles for market share with domestic EV makers competing on price. AdvertisementApple, for instance, generated almost 20% of its revenue from sales in China last year. Nvidia reported $10.3 billion in revenue from China for its last fiscal year, up from $5.8 billion the year prior. Chinese EV makers like BYD are being asked to buy chips locally instead of from US firms.

Persons: —, Tesla, BYD, Orin, Fabrice Coffrini Organizations: Bloomberg, Service, China's Ministry of Industry, Information Technology, Huawei, Publishing, Getty, Nvidia Locations: China, Beijing, BYD, Hangzhou, chipmakers, Chinese, AFP

☆ Meet the man trying to save Adidas — but he'd rather be playing football for Germany
▼ + stars: | 2024-03-17 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +3 min

CEO Bjørn Gulden was appointed as the company was reeling after the end of its Yeezy collection. Gulden, a former athlete, refocused on Adidas' classic Samba sneaker, popular with Gen Z. AdvertisementGulden began his career playing soccer for national leagues in Germany and Norway before an injury forced him to retire. Gulden has successfully ramped up production of Adidas' Samba and Gazelle sneakers. "We currently have maybe the hottest shoe in the market … and it's the Adidas Samba," Gulden said on an earnings call last year.

Persons: Bjørn Gulden, Z, —, Ye, didn't, Manuel, Manuel Neuer, Gulden, Rihanna, Jay Organizations: Adidas, Service, Kanye West, FT, German, Puma, Defamation, Business, Street Journal Locations: Germany, Norway

☆ Space travel company to offer Michelin Star meals in the stratosphere for almost $500,000 a head
▼ + stars: | 2024-03-16 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Space travel company SpaceVIP is mingling fine dining with a new suborbital voyage. Guests will watch the sun rise over the Earth's curvature — for almost $500,000 a head. Danish chef Rasmus Munk is designing a decidedly spacey menu. AdvertisementA luxury space travel company is set to mingle fine dining with suborbital travel. SpaceVIP has partnered with Danish chef Rasmus Munk to design a menu for a six-hour voyage above the Earth via space balloon, Bloomberg reports.

Persons: Rasmus Munk, spacey, —, SpaceVIP Organizations: Service, Bloomberg, Business Locations: Danish

☆ Ukraine hits at least 3 Russian oil refineries in one of the largest drone strikes in recent months
▼ + stars: | 2024-03-14 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +2 min

Ukraine recently launched a wave of drone strikes against Russian oil facilities. Within two days, Ukraine has hit at least three oil refineries, according to CNN. AdvertisementUkraine hit a third Russian oil refinery with one of its largest drone strikes on Wednesday, as the country stepped up aerial attacks on key Russian energy infrastructure in the past two days. Since Tuesday, Ukraine has been hitting Russia with a wave of drones, targeting oil refineries located deep in the country. If the numbers are accurate, that would mark one of Ukraine's largest drone strikes against Russia in recent months, according to the report.

Persons: —, Pavel Malkov Organizations: CNN, Service, The Washington Post, Russia's Defense Ministry, Bloomberg, Russia, Ukraine's Ministry of Foreign Affairs, Financial Times Locations: Ukraine, Russian, Ryanzan, Moscow, The, Russia, Kstovo, Kirishi

☆ Japan's Space One Kairos rocket explodes on inaugural flight
▼ + stars: | 2024-03-13 | by ( ) www.cnbc.com time to read: +1 min

Smoke rises after Japan's Space One's small, solid-fueled Kairos rocket exploded shortly after its inaugural launch at Space One's launching pad on the tip of Kii peninsula in Kushimoto town, Wakayama prefecture, Japan on March 13, 2024. Japan's Space One's small, solid-fueled Kairos rocket exploded shortly after launch on its inaugural trip on Wednesday as the firm tried to become the first Japanese company to put a satellite in orbit. Space One said the flight was "interrupted" after the launch and was investigating the situation. Space One has said the launch is highly automated and requires roughly a dozen staff at the ground control center. Space One had planned the launch for Saturday but postponed it after a ship entered the nearby restricted sea area.

Persons: Kairos Locations: Kushimoto, Wakayama prefecture, Japan, Kii

☆ EU Nears Deal on 5 Billion Euro Military Aid Package for Ukraine, FT Reports
▼ + stars: | 2024-03-12 | by ( March | At P.M. | ) www.usnews.com time to read: 1 min

(Reuters) - European Union countries are set to agree on a new 5 billion euro ($5.46 billion) top-up to a fund used to finance military shipments to Ukraine, the Financial Times reported on Tuesday citing four officials briefed on the discussions.

Organizations: Reuters, Union, Financial Times Locations: Ukraine

☆ NATO's newest member says it's ready to fortify a strategic island in the middle of the Baltic Sea close to Russia
▼ + stars: | 2024-03-12 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Sweden is considering reinforcing Gotland, a strategic island in the Baltic Sea, after joining NATO. AdvertisementSweden is open to re-fortifying a crucial island in the Baltic Sea now that it's joined NATO, its prime minister said. "That goes in terms of presence on Gotland, but also in terms of surveillance, in terms of submarine capabilities." Gotland marked with an arrow in the Baltic Sea. Gotland is considered to hold a key strategic position in the Baltic Sea, and is often referred to as an "unsinkable aircraft carrier."

Persons: —, it's, Ulf Kristersson, Kristersson, Tom Porter, Anna Wieslander, Eric Adamson, Carl, Oskar Bohlin Organizations: NATO, Service, Financial, Google, Atlantic, FT, Atlantic Council, BBC Locations: Sweden, Gotland, Baltic, Estonia, Latvia, Lithuania, Finland, Poland, Swedish, Russian, Kaliningrad, Crimea, Ukraine, Russia

☆ The once-forgotten flying wing has taken over the US's bomber fleet
▼ + stars: | 2024-03-09 | by ( Ben Brimelow | ) www.businessinsider.com time to read: +11 min

Originally designed before America's entry into the Second World War, the YB-49 flying wing was intended to be America's first intercontinental bomber. US Air ForceThe flying wingThe YB-49 was the final iteration of a flying wing bomber concept created by legendary aircraft designer Jack Northrop, founder of the Northrop Corporation. A larger test aircraft, the N-1M, was tested in July of 1940, proving the potential of the flying wing design. The problems with aerial instability could now be solved by computers utilizing fly-by-wire technology and differential thrust, and so a flying wing design was submitted. In order to maintain a powerful bomber force and to keep up with technological innovation, the Air Force launched the Long Range Strike Bomber program in 2011.

Persons: —, Northrop Grumman, Jack Northrop, Northrop, Dunne, elevons —, William Lewis, Defense Lloyd Austin Organizations: Service, US Air, US Air Force, Northrop Corporation, United States Army Air Forces, US Army Air Forces, Britain, USAAF, Air Force, Flag, Nellis, Nellis Air Force Base, Raider, Technology Bomber, Northrop, ATB, Defense Locations: Nazi, Europe, British, Jan, Yugoslavia, Iraq, Afghanistan, Libya

☆ Sephora's success shows that people still want to treat themselves during tough economic times
▼ + stars: | 2024-03-09 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +2 min

Sephora's CEO said the company had benefited from the "lipstick effect," The FT reported. Sephora's CEO, Guillaume Motte, told The FT that its sales success, which is highlighted in LVMH's 2023 annual results, benefited from the "lipstick effect." In-store sales have driven Sephora's recent growth, Motte told The FT. In the annual results report, Arnault linked the company's growth to the "ever-growing popularity of Sephora's store concept worldwide." The US is Sephora's biggest market and "we are gaining market share there like crazy," Motte told The FT. Across North America, Sephora reached $10 billion in revenue in 2023.

Persons: LVMH, —, Guillaume Motte, Alpha, Gen Zers, Motte, Bernard Arnault, Jeff Bezos, Arnault, Sephora Organizations: Service, FT Locations: North America

CNN —A road being built by the Israeli military splitting Gaza in two has reached the Mediterranean coast, a CNN analysis of satellite imagery shows. The plan has not been adopted by the IDF, but it includes elements that are coming into existence, including the Netzarim Corridor. Satellite imagery from November shows the tracks emerging, at a time when the military’s focus turned to surrounding Gaza City, advancing from the east. I remember it vividly.”Abu Holi was seldom open, Munther Al-Ashi, a lawyer from Gaza City, told CNN. “If our house in Gaza City has not been shelled, I would like to go back to it.

Persons: Benjamin Netanyahu, Al Rashid, Diaspora Affairs Amichai Chikli, Chikli, Israel, Shimon Orkabi, Volker Türk, ’ Emily Harding, Harding, Jamal Al, ”, ” Al, Rozzi, Khan Younis, “, Munther Al, Ashi, Al Rozzi Organizations: CNN, Israel Defense Forces, Al, Diaspora Affairs, IDF, Maxar Technologies, Planet Labs, Hamas, Israeli Engineering Corps, Combat Engineering Corps, Palestinian Friendship Hospital, Palestinian Friendship, UN, Human, Intelligence, National Security, Technology, Center for Strategic, International Studies, Israel, Rights Watch Locations: Gaza, Israel, Netzarim, Israeli, Gaza City, Be’eri, Chikli, Wadi Gaza, Turkish, Washington ,, ”, Rafah, “

☆ OnlyFans creators make money selling intimacy to their subscribers. But in a lonely and hostile world, the relationships can start to feel real.
▼ + stars: | 2024-03-06 | by ( Marta Biino | ) www.businessinsider.com time to read: +13 min

OnlyFans creators who spoke with BI said that losing friends and even family members was something adult-content creators often had to come to terms with. AdvertisementEven beyond adult content, creators face an intrinsic element of loneliness. Like other influencers and freelancers, OnlyFans creators often shoot, edit, and post their content alone at home. AdvertisementLike with other types of sex work, navigating OnlyFans can be difficult in a traditional monogamous relationship. Courtesy of LiensueThe money is what makes OnlyFans 'just so worth it'Many creators said money was the key factor that kept them on OnlyFans despite the stigma.

Persons: —, Rae Richmond, she'd, Richmond, Pani Farvid, Keily Blair, Kaitlyn Siragusa, You'd, she's, Elaina St James, I've, St James, Isla Moon, Cherie DeVille, Elaina, James, Amber, doesn't, Farvid, Sweetheart, Marie Lippmann, Liensue, I'm, Emme Witt, OnlyFans, That's, Witt, Siragusa Organizations: Service, The New School, Workers, BI, OnlyFans, California State University, Chico Locations: Richmond, New York, OnlyFans

☆ Tour: $24M mansion in Delray Beach, palm trees NOT included
▼ + stars: | 2024-03-04 | by ( Ray Parisi | ) www.cnbc.com time to read: +1 min

This 11,500 sq ft residence sits inside one of the most expensive gated communities in Delray Beach, Florida. Interestingly, this Palm Beach County home does not include a single palm tree. Sales of luxury homes in Delray Beach have seen a dramatic rise in price over the past five years with the average price per square foot more than doubling. CNBC's Ray Parisi takes an exclusive tour with luxury real estate broker Senada Adzem of Douglas Elliman. For a deeper dive into Villa Ananda and the dramatic rise in Delray Beach's luxury real estate market click on this link to check out Ray's article.

Persons: Villa Ananda, CNBC's Ray Parisi, Senada, Douglas Elliman, Daniel Petroni Organizations: Ananda Locations: Delray Beach , Florida, Beach, Florida, Delray Beach, Delray

☆ How China can rescue itself and restore confidence, according to a UBS economist
▼ + stars: | 2024-02-29 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Market confidence can rebound if Beijing is less hesitant about implementing solutions, specifically those targeting its spanning property sector and domestic consumption. Lower rates would depreciate the yuan, some fear, but this risk would diminish alongside an economic support package, Wang said. Advertisement"The benefit of rate cuts is likely to far outweigh the negative impact of modestly widening the US-China rate gap," she noted.

Persons: Tao Wang, —, Wang Organizations: UBS, FT, Service, Financial Times Locations: China, Beijing, Shanghai

☆ Putin just made one of his most explicit threats of nuclear war yet
▼ + stars: | 2024-02-29 | by ( Tom Porter | ) www.businessinsider.com time to read: +1 min

Russia's Vladimir Putin menaced the West with the prospect of nuclear war. The Russian president said that the West was risking "the destruction of civilization." AdvertisementRussia's President Vladimir Putin menaced the West with the prospect of a nuclear attack over its support for Ukraine. Putin made the remarks on Thursday in the opening minutes of his annual state-of-the-nation speech to Russian lawmakers and top officials. They outline conditions for how much of Russia's military defense system needs to be destroyed to trigger nuclear warfare, per the FT.

Persons: Russia's Vladimir Putin, —, Vladimir Putin, Putin, Emmanuel Macron Organizations: Service, Ukraine, NATO, Business Locations: NATO, Ukraine, Russian

☆ Secret military files reveal when Russia would consider using nuclear weapons, including the destruction of 20% of its ballistic missile submarines: FT
▼ + stars: | 2024-02-29 | by ( Lloyd Lee | Matthew Loh | ) www.businessinsider.com time to read: +4 min

Read previewThe Kremlin has considered a broad range of scenarios for when the country should go nuclear, leaked Russian military files obtained by The Financial Times showed. The 29 leaked files pertain to tactical nuclear weapons and are dated from 2008 to 2014, meaning they're at least 10 years old. Meanwhile, China has publicly maintained that it adheres to a "no first use" nuclear policy and would only use nuclear weapons in response to a nuclear attack. The FT reported that a spokesperson for Russian President Vladimir Putin challenged the "authenticity" of the documents when asked about the nuclear files. Chinese and Western diplomatic officials previously told The Financial Times that Xi personally warned Putin against a nuclear war.

Persons: —, Vladimir Putin, Putin, Russia's, China's Xi, Xi Organizations: Service, The Financial, Business, Financial Times, FT Locations: Russia, Moscow, China, Beijing, Ukraine

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