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☆ Biden leads new drive to cement the West’s Ukraine war effort against Putin – and Trump
▼ + stars: | 2024-06-13 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

Washington CNN —President Joe Biden is leading the world’s richest democracies in sending a beefed-up message to Russian President Vladimir Putin that the West will not forsake Ukraine despite political shocks casting doubts over its commitment. A flurry of new Western plans to help UkraineStill, the latest Western plans to help Ukraine send a strong message of intent. The sanctions target foreign financial firms aiding Putin’s war effort, restrict Russian access to some US software and information technology. Russian advances on the battlefieldThese are substantial and credible political, economic and political demonstrations of support for Ukraine. Not surprisingly, Zelensky has always chafed at the self-imposed limits of Western support for his war effort that are a symptom of Biden’s core aim of avoiding a direct NATO confrontation with Russia.

Persons: Joe Biden, Vladimir Putin, Biden, Volodymyr Zelensky, ” Biden, “, Donald Trump, Trump, lionizes Putin, wobbling, —, George H.W, George H.W . Bush, Janet Yellen, ” — Biden, Zelensky, ” Jake Sullivan, Wesley Clark, ” Clark, they’ve, ”, Kamala Harris, Sullivan, John Kirby, Putin Organizations: Washington CNN, Republican Party, Capitol, Republican, CNN, NATO, Big, Union, Ukraine, Trump, Biden, Air Force, Hudson Institute, Kremlin, Kyiv, West, White House National Security Council Locations: Russian, Ukraine, Italy, Normandy, Europe, United States, France, Germany, George H.W ., Russia, Britain, Japan, Canada, NATO, Washington, Kyiv, Cuba, China, Iran, Israel, Ukrainian, Switzerland

☆ Yellen: More Ukraine aid can be backed by frozen Russian assets after initial $50 billion loan
▼ + stars: | 2024-06-13 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

U.S. Treasury Secretary Janet Yellen said Thursday that the $50 billion loan to Ukraine that President Joe Biden and other leaders of Group of Seven highly developed nations have agreed to could be the first of multiple loans backed by frozen Russian assets. The $50 billion loan will be backed with at least $260 billion worth of frozen Russian central bank assets as collateral. "While we're trying to move quickly on this, I can't give any type of timeline as to when money would actually start flowing to Ukraine," Yellen said. If necessary, the U.S. will commit the entire $50 billion, a senior administration official told reporters Thursday on a press call. "I think it's important for Putin to realize that we remain completely united in support of Ukraine," Yellen said.

Persons: Janet Yellen, Joe Biden, Yellen, We're, Biden, Putin Organizations: Treasury, Economic, of New, Union, Washington, Russia Locations: of New York, New York City, U.S, Ukraine

☆ Japanese architect Fumihiko Maki, credited with fusing East with West, has died at 95
▼ + stars: | 2024-06-12 | by ( Associated Press | ) edition.cnn.com time to read: +4 min

Tokyo (AP) — Japanese architect Fumihiko Maki, who won the prestigious Pritzker Prize for designs praised as smartly and artfully fusing the East with the West, has died. Maki, who taught architecture and urban design at Harvard, died June 6, his office, Maki & Associates, said Wednesday. A devoted educator, Maki, in addition to teaching at Washington University, Harvard and the University of Tokyo, lectured around the world. Maki, along with fellow Tange students Arata Isozaki and Kisho Kurokawa, were the pillars of Japanese modernism. The Pritzker, in selecting Maki, praised him as part of a new wave of architects rebuilding postwar Japan.

Persons: Fumihiko Maki, Pritzker, Maki, Mark Lennihan, Zaha Hadid, Kengo Kuma, Skidmore Owings, St . Louis, oku, ” Maki, “, Kenzo Tange, Arata Isozaki, Kisho Kurokawa, Bill Lacy, Arnold Brunner Organizations: Tokyo, Harvard, Associates, National Museum of Modern Art, Yerba Buena Center, Arts, Trade, Trade Center, Pritzker, University of Tokyo, Cranbrook Academy of Art, Harvard University Graduate School of Design, Skidmore, Jackson & Associates, Washington University, Washington University , Harvard, MIT Press, American Academy of Arts, American Institute of Architects, AIA Locations: Kyoto, U.S, San Francisco, New York, Chiba, Japan, Hillside, Tokyo, Manhattan, British, Iraqi, Michigan, Merrill, Chicago, Sert, Cambridge, St ., Israel

In late 2022, Valcourt left the U.S. to move to France and go to pastry school. Valerie Valcourt moved to France in late 2022 to go to pastry school, which was a childhood dream. After some online research, she applied to a pastry school in Paris, got accepted and quit her job. Valerie Valcourt's pastry school program included three months of intensive culinary and language classes, followed by a four-month internship at a Michelin-level restaurant. Most of Valerie Valcourt's meals come from her restaurant job, but she spends roughly 20 euros ($21.43) per week.

Persons: Valerie Valcourt, Valcourt, She's, Chabran, Luis Carballo, Valerie Valcourt's, she's, It's Organizations: CNBC, Google, Michelin, France, Transportation, Apple, Spotify, Spotify Insurance, Peugeot Locations: U.S, France, Tournon, Seattle, Paris, Connecticut, Europe

☆ With EVs, Honda may be North America's most committed automaker, for the moment
▼ + stars: | 2024-06-09 | by ( Kevin Williams | ) www.cnbc.com time to read: +6 min

While missing a host of brands, this year's edition of the Los Angeles Auto Show debuted a range of new models. But at least one automaker says it is ramping up its North American EV strategy in 2024: Honda Motor Company. Honda's EV moves come against the backdrop of EV pullbacks from other major auto manufacturers; and in some cases, shelved EV plans altogether. GM itself is playing a key role in the first mass-market EV Honda is introducing, the Prologue. The All-Electric Acura ZDX is displayed during the 2023 Los Angeles Auto Show at the Los Angeles Convention Center on November 24, 2023 in Los Angeles, California.

Persons: Josh Lefkowitz, Ford, Bob Nelson, Nelson, BEV, It's, Honda, Cliff Banks, Banks, Mary Barra, Jenni Newman, Kelley Blue, Tesla, Newman Organizations: Angeles Auto, Los Angeles Convention Center, Los Angeles Auto, Getty, Honda Motor Company, Canadian EV, pullbacks, GM, American Honda Motor Co, Honda, EVs, Banks, Auto, NBC News, EV Honda, Acura, Subaru Locations: Los Angeles , California, Canadian, Ohio, American, Canada

☆ Biden makes his play for anti-Trump Republicans he hopes can give him a second term
▼ + stars: | 2024-06-06 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +17 min

Washington CNN —Donald Trump hasn’t shown much interest in reaching out to Republicans who hate him. Or, he argued, “they’re likely to stay home.”Hutchinson told CNN he won’t stay home himself, but he won’t vote for Biden or Trump. “This swath of Republican strategist types are literally begging the Biden campaign to give them a reason to support him,” a former House Republican leadership aide told CNN. “You can hold your nose and vote for Biden and not be in public screaming about it. But Purcell has also not yet heard from the Biden campaign this time.

Persons: Washington CNN — Donald Trump hasn’t, Joe Biden, Adam Kinzinger’s, Austin Weatherford, Nikki Haley, Haley, Biden, Anita Dunn, Cassidy Hutchinson, Anthony Scaramucci, Liz Cheney, John Kasich, Trump, Cindy McCain, shouldn’t, –, ”, Jen O’Malley Dillon, they’ve, mattering, Denver Riggleman, Kinzinger, Paul Ryan, Chris Christie, Mike Pence, Mark Cuban, doesn’t, he’s, Joe, “, Larry Hogan, I’m, ’ ” Hogan, ” Hogan, they’re, Carolina Sen, Lindsey Graham, it’s Biden, Asa Hutchinson, Daisy Bates, Hutchinson, “ You’ve, you’re, ” Hutchinson, “ they’re, won’t, Indiana Sen, Todd Young –, Biden –, ” Young, Young, Christine Todd Whitman, George W, Bush, ” Whitman, Whitman, Joe Walsh, don’t, MAGA, Claudine Schneider, Schneider, Geoff Duncan, Donald Trump, ’ ” Duncan, ” Duncan, “ ‘ Will, Biden George H.W, Hillary Clinton, “ he’s, He’s, Howard Stern, “ Where’s Jeb Bush, Where’s George Bush, ’ ” Biden, Jeb Bush, Hogan, Kristopher Purcell, Purcell Organizations: Washington CNN, Republican, White, Trump, Democratic, Ohio Gov, CNN, Republicans, Trump Republican, Virginia Rep, Denver, Trump Republicans, Former New Jersey Gov, Tech, Biden, Senate, South, Capitol, New, Environmental Protection Agency, Independents, Illinois, Republican Party, MAGA Republicans, Congress, Trump ., Bush Republicans, Maryland Senate Locations: Biden’s, Wilmington, Israel, Ukraine, Former, Dallas, Maryland, Baltimore, York, South Carolina, Carolina, Arkansas, New Jersey, Trump, Rhode Island, Georgia

☆ Biden aims to deepen transatlantic ties with trip to France for D-Day, state visit amid Ukraine crisis
▼ + stars: | 2024-06-05 | by ( Kayla Tausche | ) edition.cnn.com time to read: +7 min

Paris CNN —US President Joe Biden touched down in Paris on Wednesday for a trip marking the 80th anniversary of D-Day and engaging in a state visit hosted by French President Emmanuel Macron. Biden “really believes we’re at an inflection point in history,” John Kirby, spokesman for the National Security Council, said. The visit to France aims to bring Biden closer to one of his key allies on the world stage. Biden quietly gave Ukraine permission to use those weapons; Macron was less subtle in his support for the measure. By contrast, European Union member states together have sent Ukraine $53 billion in direct financial assistance and $35 billion in military aid.

Persons: Joe Biden, Emmanuel Macron, Biden, Biden “, ” John Kirby, “ It’s, ” Kirby, ”, Andrew Bates, “, Republican –, Macron, ” Macron, Volodymyr Zelensky, Jake Sullivan, ” Marcon, Zelensky, ” CNN’s Jessie Gretener, Mariya Knight, Joseph Ataman Organizations: Paris CNN, French, National Security Council, Army Rangers, Biden, Wall, Air Force, Congressional, Republicans, Republican, White House, United, Union, Bank, European Union Locations: Paris, Europe, Russia, Ukraine, China, Normandy, Nazi Germany, Pointe, Omaha and Utah, France, Washington, Italy, Los Angeles, Moscow, Kharkiv, Meseberg, Brandenburg, Germany, United States

After eight months of devastating bombardment by Israeli forces, some Gazans are urging Hamas to accept a cease-fire plan outlined by President Biden, but many remain deeply skeptical that the United States, as Israel’s chief ally, would truly bring an end to the war. “I am hopeful that Hamas will accept this deal,” said Ayman Skeik, a 31-year-old merchant driven out of his home in Gaza City by the fighting. “But I am still scared it would not be achieved.”Like other Gazans, Mr. Skeik, who is now sheltering in Deir al-Balah in central Gaza, said he had grown frustrated by the long and generally fruitless cease-fire talks. He noted pointedly that months ago, in February, Mr. Biden suggested that a deal was imminent. “The United States used to have a strong word when it wanted to stop any crisis in the world,” Mr. Skeik said.

Persons: President Biden, “, ”, Ayman Skeik, Skeik, Biden, Mr Organizations: Mr, White Locations: United States, Gaza City, Deir al, Gaza, Israel

☆ It’s hurricane season. Good luck getting affordable homeowners’ insurance
▼ + stars: | 2024-06-01 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

For decades, homeowners insurance was considered a very stable line of business for insurance companies, said Chuck Nyce, a professor of risk management and insurance at Florida State University. The US homeowners insurance industry saw net losses jump to $101.29 billion in 2023, according to the report. Only two of the 20 largest US homeowners’ insurance companies were profitable last year. Kaylee Greenlee Beal/ReutersWhile property insurance is not mandated by law, most lenders require it for mortgage holders. Last year, Florida’s state-backed Citizens Property Insurance Corp. became the 10th largest homeowners’ insurer in the US, S&P Global said.

Persons: it’s, aren’t, Chuck Nyce, Nyce, Mario Tama, ”, Lynne McChristian, policyholders, Greenlee Beal, Aris Papadopoulos Organizations: CNN, P Global, Florida State University, Volunteers, P, University of Illinois, Property Insurance Corp, Florida Locations: States, Arizona , Illinois, Utah, Lahaina , Hawaii, Hawaii, Urbana, Champaign, Florida, California, Louisiana, North Carolina, Texas, Houston, Florida’s

☆ Notre-Dame Rises Again ... in Lego
▼ + stars: | 2024-06-01 | by ( Jenny Gross | ) www.nytimes.com time to read: +1 min

Arnaud Gaudillat, a history teacher in France, recalled bursting into tears as he watched television coverage of flames tearing through the Cathedral of Notre-Dame in 2019. Now, five years later, as hundreds of architects, engineers and metalworkers race to finish rebuilding the cathedral’s roof coverings and electrical cabling by the end of the year, Mr. Gaudillat will not be sitting on the sidelines. Lego, the biggest toy company in the world, on Saturday released a model of the Cathedral of Notre-Dame, complete with rose windows, bell towers and a central spire surrounded by statues. “I just want to have this beautiful thing in my house,” Mr. Gaudillat, 25, said of the Notre-Dame set. He started building intricate Lego sets a few years ago and became hooked.

Persons: Arnaud Gaudillat, ”, Gaudillat, Frank Lloyd Wright’s Fallingwater, Solomon R, “, ” Mr, Dame Organizations: Notre, Guggenheim Museum Locations: France

☆ Mom of 2: My husband supercommuted from Minneapolis to NYC for 10 years—how we made it work
▼ + stars: | 2024-06-01 | by ( Megan Bearce | In Meganbearce | ) www.cnbc.com time to read: +7 min

The author, Megan Bearce, and her husband, Ian, had just moved from Los Angeles to Minneapolis when he got a job offer in New York City in 2010. I heard this question so many times over the 10 years my husband, Ian, flew weekly from our home in Minneapolis to his job in New York City. Ian posted photos and art on the walls of the New York City apartments he stayed in during the week when he supercommuted from Minneapolis. Visits to New York City helped the kids get a glimpse of Ian's life during the week, Megan says. The logistics of multiple activities felt too overwhelming for me to handle with Ian away during the week.

Persons: Megan Bearce, Ian, We'd, we'd, Ian didn't, Megan, Ian couldn't Organizations: New Locations: Los Angeles, Minneapolis, New York City, Brooklyn, Manhattan, Minnesota, Cape Cod

☆ Ukraine’s Oreo production is back in business after Mondelez repaired its war-damaged factory
▼ + stars: | 2024-05-31 | by ( ) edition.cnn.com time to read: +2 min

Mondelez’s plant in Trostyanets is now fully rebuilt after opening partially last year to make chocolates, according to a company statement. The company said the Oreo cookies and other chocolates produced at the Ukrainian factory are not being exported to neighboring Russia. Mondelez said it was making its business in Russia “stand-alone” with a self-sufficient supply chain by the end of 2023. “We continue to increase our investments in supporting and rebuilding Ukraine,” the company said in the statement. Norges Bank, Mondelez’s 11th-largest shareholder according to LSEG’s Eikon, backed the proposal, according to the fund’s disclosures.

Persons: Mondelez, “, Dirk Van de, LSEG’s, ” Organizations: CNN, Nestle, Reuters, Milka, Cadbury, Norges Bank Locations: Ukraine, Trostyanets, Russia, Europe, Oreos, Georgia, Kazakhstan, Ukrainian, Mondelez’s

☆ Boeing’s plan to fix the company could suggest major changes
▼ + stars: | 2024-05-30 | by ( Gregory Wallace | ) edition.cnn.com time to read: +3 min

It is unclear if Boeing will actually release its plans to the public; FAA chief Mike Whitaker is slated to speak about the Boeing plan later on Thursday. The plan is seen as a crucial step to rebuilding the safety culture and practices of the nation’s single largest exporter. Whitaker ordered the plan from Boeing after reviewing the findings of FAA auditors who visited the company’s 737 Max assembly line. The auditors were deployed in response to the January 5 door plug blowout on Alaska Airlines flight 1282, a months-old Max. The plan may be one of Boeing’s last major milestones under Calhoun, who announced in the wake of the blowout he would join other senior managers in leaving the company this year.

Persons: Dave Calhoun, Mike Whitaker, Dave Calhoun –, Whitaker, Max, Calhoun, ”, – Organizations: Washington CNN — Aircraft, Boeing, Federal Aviation Administration, FAA, CNN, Max, Alaska Airlines, National Transportation Safety Board Locations: Renton , Washington, Wichita , Kansas, Boeing’s Renton

☆ Prisoners are using VR to prepare them for life after release
▼ + stars: | 2024-05-29 | by ( Clare Duffy | ) edition.cnn.com time to read: +7 min

Jessup, Maryland CNN —In her first week of job training, Tiffany Joseph Busch learned how to do an oil change. Instead, she learned in a virtual garage, using a Meta Quest virtual reality headset. In addition to MCIW, the nonprofit is also piloting the VR auto technician training program in correctional facilities in Texas and Virginia. Mackenzie Happe/CNNBut is it really possible to learn how to fix a car in virtual reality without ever interacting with a real vehicle? Carpenter said she feels “100% confident in my abilities.”And Schwartz said he’s certain about the potential for VR training, too.

Persons: Maryland CNN —, Tiffany Joseph Busch, ”, Busch, “, ” Busch, it’s, MCIW, they’re, Martin Schwartz, Schwartz, Carolyn Scruggs, Maryland’s, Tiffany Busch, Mackenzie Happe, Danielle Cox, ” Cox, Tire, Meagan Carpenter, ” Meagan Carpenter, Carpenter, they’ve, … We’re Organizations: Maryland CNN, Busch, Maryland Correctional Institution, Women, CNN, Vehicles, CNN Auto, Napa Auto Parts, AAA, HTX Labs, US Air Force, VR, Women’s Correctional Institute, Department of Labor, Maryland Department of Public Safety, Correctional Services, MCIW, Automotive, Women's VR Locations: Jessup, Maryland, Baltimore, United States, Napa, Texas, Virginia

☆ US pier constructed off Gaza has broken apart
▼ + stars: | 2024-05-28 | by ( Oren Liebermann | Natasha Bertrand | ) edition.cnn.com time to read: +3 min

The pier was “damaged and sections of the pier need rebuilding and repairing,” Pentagon deputy press secretary Sabrina Singh said on Tuesday. Earlier, four US officials told CNN the pier broke apart in heavy seas. The temporary pier, called the Joint Logistics Over the Shore (JLOTS), requires very good sea conditions to operate. The US has stressed that the temporary pier is only meant to augment humanitarian shipments going through the land crossings between Israel and Gaza. CORRECTION: This story has been updated to reflect that the pier broke apart on Tuesday.

Persons: Sabrina Singh, Singh, ” Singh, Brad Cooper, Daniel Dieckhaus, USAID’s, CNN’s Paul Murphy Organizations: CNN, Pentagon, US, Command, NBC News, US Army, US Central Command, Israeli Navy, Technologies, United Nations, Management Locations: Gaza, Ashdod, Israel, Cyprus

☆ US soldiers were stranded on beached Army boats after a storm broke apart the US-built aid pier in Gaza
▼ + stars: | 2024-05-28 | by ( Konstantin Toropin | ) www.businessinsider.com time to read: +6 min

Read previewThe Pentagon said Tuesday that US soldiers had been stuck on three Army boats beached in Gaza over the weekend after high seas and a storm broke apart an aid pier the service built to deliver food to starving Palestinians. Along with the beachings of the Army boats, the storm also battered and broke apart the aid pier — a Joint Logistics Over-the-Shore, or JLOTS, operation by the Army — leaving the future of the key US humanitarian effort uncertain. A truck carries humanitarian aid across Trident Pier, a temporary pier to deliver aid, off the Gaza Strip, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, near the Gaza coast, May 19, 2024. AdvertisementHowever, this is also not the first hurdle that the aid mission has encountered since it was announced by President Joe Biden during his State of the Union speech months ago. US Army soldiers and US Navy sailors assemble the floating pier in the Mediterranean Sea to assist in the delivery of humanitarian aid to Gaza.

Persons: —, Sabrina Singh, Military.com, Singh, Joe Biden, you'll Organizations: Service, Pentagon, Army, US Central Command, Business, Hamas, Trident, U.S . Army, REUTERS, US Army, US Navy, US Army Central, Reuters Locations: Gaza, Israel, Palestinian, Ashdod, Tenerife, Africa

☆ Royal Caribbean and Carnival Cruise ships leave from Baltimore for the first time since the collapse of the Key Bridge
▼ + stars: | 2024-05-27 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +2 min

The port's terminal was blocked after the Francis Scott Key Bridge collapsed and killed six workers. AdvertisementTwo months after Baltimore's Francis Scott Key Bridge collapsed, cruise ships are now taking off from the Port of Baltimore. The two trips are notable as the first cruise ships to leave Baltimore since the port was blocked by the collapse of the Francis Scott Key Bridge on March 26. The Francis Scott Key Bridge services about 30,000 people a day. AdvertisementOne week ago, the port's terminal was the headquarters for the recovery operations for the Francis Scott Key Bridge, Daniels added.

Persons: Francis Scott Key, —, Baltimore's Francis Scott Key, We've, Jonathan Daniels, Daniels Organizations: Port, Service, Royal, Business, Francis Scott Key Bridge, Baltimore Sun, Maryland Department of Transportation Locations: Port of Baltimore, Royal Caribbean, Bermuda, Greenland, Canada, Baltimore, Maryland

☆ Zhongnanhai: The scenic garden that became China’s secretive seat of power
▼ + stars: | 2024-05-25 | by ( Jonathan Chatwin | ) edition.cnn.com time to read: +18 min

As the seat of power, Zhongnanhai is often thought of as China’s equivalent to the White House, or the Kremlin. Architectural changesThere have been serious revisions to the architecture of Zhongnanhai since the end of imperial rule in 1912. Having re-established Zhongnanhai as a center of political power in the new China, Mao set about rebuilding the compound according to his tastes. “It was here,” noted Aldrich, “with the background trappings of a scholar, that he met Nixon and Kissinger in 1972.”Most subsequent leaders have preferred to keep a house outside the Zhongnanhai compound. However, the compound hasn’t always been so forbidden for the masses following the collapse of China’s imperial dynasty.

Persons: Jonathan Chatwin, “, Deng Xiaoping, Leung Chun, Xi Jinping, Simon Song, Xi Jinping’s, Ming, Geremie Barmé, Qianlong, Feng Li, ” Linda Jaivin, ”, Dowager Cixi, Zhongnanhai, Cixi, Dowager, M, Aldrich, Mao Zedong, ” Aldrich, China’s, Yuan Shikai, Yuan Shikai ‘, William Lewisohn, Xinhuamen, William Cooper, —, Qianlong Emperor, Yuan, Invincible Mao, — Mao, Kangxi, Mao, Zhou Enlai, Chen Yi, Zhang Wentian, Nikita Khrushchev, Khrushchev, Nixon, Kissinger, Hu Jintao, Jiang Zemin, Newscom Aldrich, Mao’s, Li Zhisui, Xi, Chicago's Walter, Hu Yaobang, Gong, “ Heck Organizations: CNN, Bell, Communist Party, CCP, White, Hong, China Morning, University of Bristol Library, Great Communist Party of China, ”, Shuangqing Villa, Alamy, State Council, China’s Politburo, Huairen, Chicago's Walter Payton College Preparatory, New York Times, Zhongnanhai, Bloomberg Locations: Modern China, Prospect, Tiananmen, Hong Kong, Zhongnanhai, City, China, Beijing, “, People’s Republic, New China, Arlington, Peking, Xinjiang, Russian, Beihai, Beijing’s, Huairen, Qinzheng Hall

☆ The West is tapping Russian money to arm Ukraine. Much more could follow
▼ + stars: | 2024-05-24 | by ( Hanna Ziady | ) edition.cnn.com time to read: +5 min

London CNN —Money generated by Russian financial assets frozen in Europe will soon start flowing to Ukraine, giving Kyiv a boost as it struggles to counter an advance by Moscow’s troops. The plan “would essentially bring forward that flow of interest proceeds from the assets… (through a loan) given to Ukraine,” Yellen told broadcaster Sky News in an interview this week. “Ukraine has substantial needs, and being able to marshal significant resources to help Ukraine is important,” she said. Most of the frozen Russian money is held in Europe, and the euro is the world’s second-most important currency after the US dollar. This would give Kyiv access to a much larger amount of money than using future or current windfall profits from Russian assets.

Persons: Janet Yellen, ” Yellen, Gabriel Bouys, Joe Biden, ” Lee Buccheit, Trade Valdis Dombrovskis, Yellen, there’s, —, Buchheit, Putin, ” Organizations: London CNN, Union, Sky News, “, US, Getty, University of Edinburgh Law School, CNN, EU, Trade, Reuters, Russia, Ukraine, World Bank Locations: Europe, Ukraine, West, Italy, Russia, Ukraine’s, Kharkiv, Frankfurt, Germany, “ Ukraine, Stresa, AFP, EU, Belgium, Kyiv

☆ We are fully committed to rebuilding Australian customer confidence in Optus, says Singtel CEO
▼ + stars: | 2024-05-23 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are fully committed to rebuilding Australian customer confidence in Optus, says Singtel CEOYuen Kuan Moon, group CEO of Singtel, discusses the issues surrounding its Australian subsidiary Optus.

Persons: Yuen Kuan Organizations: Optus, Australian

☆ Ukraine: Battles rage outside Kharkiv as troops try to hold back Russian advance
▼ + stars: | 2024-05-22 | by ( Nick Paton Walsh | ) edition.cnn.com time to read: +5 min

Russia’s relentless onslaught has a key goal: If they take Lyptsi, then they can position artillery within range of Ukraine’s second city, Kharkiv, 20 minutes down the road. “They’re not sending just anyone into the assaults.”His stare lengthens when asked about what fortifications were in place before the surprise Russian attack. At one position closer to the Russian border, the 92nd Assault Brigade showed CNN a Russian artillery gun, captured in the first days of the war, from which they are now firing French mortar shells. The gun was partially hidden by a wire net, aimed at providing some protection from an attack drone. Attacks persisted in the distance however, keeping the city’s residents awake through violently loud nights, now amplified by the threat of Russian artillery edging closer.

Persons: ”, “ They’re, Artun, Mick Krever, tugging, ” Artun, “, CNN’s Nick Paton Walsh, Oleksandr, Brice Lainé Organizations: CNN, National Guard, 92nd Assault Brigade Locations: Ukraine, Kharkiv, Russian, Soviet, Lyptsi, Russia, Cherkaska Lozova

☆ China's sweeping measures to prop up the property sector will need time to show results
▼ + stars: | 2024-05-21 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

A real estate construction site in Wanxiang City, Huai 'an City, East China's Jiangsu province, May 17, 2024. Future Publishing | Future Publishing | Getty ImagesBEIJING — China's sweeping moves on Friday to increase support for real estate will take time to show results, analysts said. Despite the news, S&P is still sticking to its base case from earlier in the month that China's property market is likely still "searching for a bottom," Edward Chan, director, corporate ratings, said during the firm's webinar on Monday. But he pointed out that for real estate to see significant stabilization, homebuyers' demand and confidence will need to improve after a market downturn of nearly three years. "We believe Beijing is headed in the right direction with regard to ending the epic housing crisis," Nomura's Chief China Economist Ting Lu said in a report Monday.

Persons: Huai, Edward Chan, Ting, Nomura, Goldman Sachs, Chief China Economist Hui Shan, Ting Lu, P's Chan Organizations: Future Publishing, Getty, BEIJING, Chief China Economist, China Locations: Wanxiang City, City, East China's Jiangsu, Hong Kong, Beijing, Ting Lu, China

The Joint Program Office declined to comment to Military.com regarding the restriction. A spokesperson for the Marine Corps could not provide details on the restriction but said efforts are underway to return the aircraft to full operations. Pedro Caballero, a spokesperson for the Marine Corps, told Military.com when asked whether the restrictions applied to its roughly 350 Ospreys, the vast majority of the military's fleet. US Marine Corps MV-22B Ospreys take off at Port Darwin in Australia. An MV-22B Osprey conducts an external lift with US Marines during helicopter support team training at Marine Corps Air Station in Miramar, California.

Persons: —, Military.com, Beth Teach, Cpl, Juan Torres, Capt, Pedro Caballero, Caballero, Colton Martin Lt, Rebecca Heyse, Amelia Kang, Brian Taylor, Taylor, Juan Paz Taylor Organizations: Service, Force, Marine Corps, Ospreys, Business, Navy, Naval Air Forces, Office, Naval Air Systems Command, Royal Australian Air Force Base, US Marine Corps, Corps, Port Darwin, Air Force Special Operations Command, Greyhound, House Armed Services, US Marines, Marine Corps Air, Services, Aviation, Air Force, Marines, Program Office, Marine, US Air National Guard, Staff Locations: Japan, Port, Australia, Miramar , California, Darwin, Washington ,, Lemonnier, Djibouti

☆ Kharkiv: Life goes on as Russian advance menaces city
▼ + stars: | 2024-05-19 | by ( Andrew Carey | Daria Tarasova-Markina | ) edition.cnn.com time to read: +17 min

Kharkiv, Ukraine CNN —Thirty miles to the north, Russian forces are invading again. 00:41 - Source: CNNHotel manager Olha SokolenkoOlha Sokolenko, director of Kharkiv Palace Hotel, was in the hotel at the moment of the strike. This is my homeland.”Kharkiv’s mayorKharkiv's mayor, Ihor Terekhov, was elected just a few months before the Ukraine war broke out. To send signals both to Kharkiv residents who stay here that life goes on, and signals to those outside of Kharkiv that Kharkiv is a Ukrainian city and people live here.”Lomako explains that he and his partners traveled across the country to collect local recipes and techniques. Kharkiv theater goes undergroundThis theater in Kharkiv is one of several city institutions forced underground by the war.

Persons: Yuriy Sapronov, Sapronov, Chasiv Yar, ”, Yuriy, Daria Tarasova, ” Sapronov, Olha Sokolenko, Sokolenko, Olha, “, Kolotay, Cristiano Ronaldo, Matviy, Mikhaylo Galushko, ” Galushko, Ihor Terekhov, Volodymyr Zelensky, ” Terekhov, Borys Lomako, “ It’s, ” Lomako, Lomako, Dmytro Gurov’s, Dmytro Gurov, CNN Gurov, Gurov, it’s, Oksana Stetsenko, ” Stetsenko, Neda Nezhdana Organizations: CNN, Ukraine CNN, Emergency Service, Soviet, Kharkiv, CNN Hotel, Hotel, ” FC Metalist Kharkiv Matviy Kolotay, FC Metalist Kharkiv, Hirnyk Sport, Coaches, FC Metalist, English, Everton, UEFA, Kharkiv's, Russia, Hyundai, Russian, Employees, Schools Locations: Kharkiv, Ukraine, Russian, Ukraine’s, Che, Russia, “, Kaliningrad, Soviet Union, Soviet, Kyiv, Kremenchuk, Uzhhorod, Poltava, Ukrainian, Dnipro

☆ Opinion | Invading Rafah Doesn’t Help Israel
▼ + stars: | 2024-05-18 | by ( Nicholas Kristof | ) www.nytimes.com time to read: +1 min

Now that President Biden is pressuring Israel to back away from an all-out invasion of the southern Gaza city of Rafah, some supporters of Israel feel betrayed. They ask: How can Israel protect itself and ensure its security if it can’t eliminate Hamas leaders hiding in tunnels under Rafah? Why sacrifice thousands of lives, Palestinian and Israeli alike, but stop short of a definitive end to the war that would lay the groundwork for rebuilding Gaza? They raise legitimate questions, but I think they misunderstand Biden’s motivations as purely humanitarian and intended simply to avert a blood bath in Rafah. It may be in Netanyahu’s interest to flatten Rafah, because anything that prolongs the war keeps him in office, but it’s not in Israel’s interest.

Persons: Biden, Israel, Benjamin Netanyahu, it’s Locations: Israel, Gaza, Rafah

Search resuls for: "Rebuilding"

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