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BYD launched the BYD Seal in Europe at the IAA auto show in Munich, Germany. BEIJING — Uber and BYD announced Wednesday that drivers on the ride-hailing platform can get pricing and financing deals for the Chinese company's electric cars, starting in Europe and Latin America. The two companies will also develop "autonomous-capable vehicles" for Uber's platform, according to a press release. The multi-year strategic partnership, which the companies said could bring 100,000 BYD cars to Uber, comes despite the EU following the U.S. this year in raising tariffs on imports of Chinese-made electric cars. The company surpassed Tesla in total vehicle production for two straight years and has ramped up overseas expansion, including investments in factories abroad.

Persons: BYD, BEIJING — Uber, Uber, Dara Khosrowshahi Organizations: U.S, Tesla Locations: Europe, Munich, Germany, BEIJING, Latin America, Shenzhen

Analyst Dan Dolev also increased his price target on shares to $31 from $17, suggesting shares could gain 19% from Tuesday's close. It also cut its price target to $24 from $38, implying downside of 16.7%. To be sure, he trimmed his price target to 21 euros from 24 euros. Analyst Joseph Moore named the chipmaker a top pick, reiterating his overweight rating and $144 price target. Nvidia shares have more than doubled this year.

Persons: Morgan Stanley, Nomura, Dan Dolev, Dolev, UPST, Dole, — Hakyung Kim, Samik Chatterjee, Chatterjee, Hakyung Kim, Anindya Das, Das, Joseph Moore, Moore, Fred Imbert Organizations: CNBC, Mizuho, Holdings, underperform, JPMorgan, TAM, Nomura, America, Nvidia Locations: Mizuho, Tuesday's, North America, U.S, Europe

☆ Banks get bullish on the British pound despite the possibility of an imminent snapback
▼ + stars: | 2024-07-31 | by ( George Bextor | ) www.cnbc.com time to read: +1 min

In a recent research note, experts at Goldman Sachs were upbeat on the pound, commenting that sterling "tops the list" in the G-10 basket of major currency crosses. The analysts are sticking with their bet that sterling will rise against the dollar , with a target of 1.31. "Combined with still-high rates [this] could attract capital flows into GBP after many years of being a structural sell," the UBS analysts added. She added, "The tone of many of the policies announced by the new Labour government in recent days are market friendly ... The appearance of order in the U.K. government coupled with an expectation of a warmer relationship with the EU should provide for some optimism."

Persons: Goldman Sachs, Keir Starmer's, Jane Foley Organizations: Bank of, UBS, Labour Party, FX, Labour Locations: Bank of England

☆ Blinken chides Beijing's 'escalating actions' at sea, concerned over Taiwan
▼ + stars: | 2024-07-28 | by ( ) www.cnbc.com time to read: +3 min

U.S. Secretary of State Antony Blinken criticised Beijing's "escalating and unlawful actions" in the South China Sea at a summit on Saturday, while his Russian counterpart said Washington has stoked anxiety with its plan for a nuclear deterrence with ally Seoul for the Korean peninsula. Blinken singled out China over its coast guard's hostile actions against U.S. defense treaty ally the Philippines in the South China Sea. The Philippines' small troop presence on a grounded former U.S. navy ship at the Second Thomas Shoal has angered China for years. Blinken discussed Taiwan with Wang and concerns about Beijing's recent "provocative actions", included a simulated blockade during the inauguration of Taiwan President Lai Ching-te, a senior U.S. State Department official said. Wang told Blinken that although communications had been maintained between China and the United States, Washington had not stopped its containment and suppression of Beijing and had even intensified it.

Persons: Antony Blinken, Wang Yi, Beijing's, Blinken, Thomas Shoal, Wang, Lai Ching Organizations: China's, 57th Association of Southeast Asian Nations, Washington, Seoul, U.S, ASEAN Regional Forum, EU, Association of Southeast Asian Nations, ASEAN, Foreign, Taiwan, U.S . State Department Locations: Vientiane, South, China, Philippines, South China, Manila, Russia, India, Australia, Japan, Gaza, Ukraine, North, U.S, Laos, Beijing, Taiwan, United States, Washington

☆ Hungary’s Orban says Russia stands to gain as ‘irrational’ West loses power
▼ + stars: | 2024-07-28 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

Orban, a nationalist in power since 2010, made the comments during a speech in which he forecast a shift in global power away from the “irrational” West towards Asia and Russia. “In the next long decades, maybe centuries, Asia will be the dominant centre of the world,” Orban said, mentioning China, India, Pakistan and Indonesia as the world’s future big powers. “The EU needs to give up its identity as a political project and become an economic and defence project,” Orban added. The EU opened membership talks with Ukraine late last month, although a long and tough road lies ahead of the country before it can join the bloc. A declaration at the end of the NATO summit this month said the alliance will support Ukraine on “its irreversible path” towards membership.

Persons: Viktor Orban, Orban, ” Orban, ” Organizations: Reuters, European Union, NATO, “, EU, Ukraine Locations: Hungarian, Ukraine, Asia, Russia, China, India, Pakistan, Indonesia, Baile Tusnad, Romania, Beijing, Moscow, Kyiv, Crimea, EU

☆ Don’t help Russia evade sanctions, Ukraine tells Hong Kong
▼ + stars: | 2024-07-26 | by ( Nectar Gan | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Ukraine’s Foreign Minister Dmytro Kuleba urged Hong Kong to prevent Russia from using the Asian financial hub to bypass Western sanctions during a visit to the city on Thursday. Kuleba “called on the Hong Kong administration to take measures to prevent Russia and Russian companies from using Hong Kong to circumvent the restrictive measures imposed for Russia’s aggression against Ukraine,” according to a statement from Ukraine’s Foreign Affairs Ministry issued after the minister met with Hong Kong leader John Lee. “These restrictive measures are necessary to weaken Russia’s capacity to wage war and kill people in Ukraine,” it added. In a statement, a spokesperson for the Hong Kong government told CNN on Friday that it “implements and strictly enforces” United Nations Security Council (UNSC) sanctions. However, international companies based in Hong Kong, including Chinese banks, have generally adhered to US sanctions to avoid any risk of being frozen out of the dollar dominated global financial system.

Persons: Hong Kong CNN —, Dmytro Kuleba, “, Hong, John Lee, Hong Kong, Wang Yi, ” Kuleba, Wang Organizations: Hong Kong CNN, Hong Kong CNN — Ukraine’s, European Union, Hong, Ukraine’s Foreign Affairs, CNN, ” United Nations Security Council, UN, Assembly, UNSC, EU, Ukrainian Foreign Ministry, Kyiv, Beijing Locations: China, Hong Kong, Russia, United States, Ukraine, Russian, United Kingdom, Hong, Beijing, Moscow, Western, Guangzhou, Ukrainian

☆ 10 things to watch in the stock market Friday after a tumultuous week
▼ + stars: | 2024-07-26 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

The data didn't sway the market odds on the Fed cutting interest rates three times this year, starting in September. The industrial conglomerate raised its full-year outlook. Two of the Club's industrial names, Honeywell and Dover , reported earnings this week with mixed fortunes for their stocks. Dexcom shares plunged more than 35% after the medical device company missed on revenue and cut its full-year outlook. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Bristol Myers, Abbott, Skechers, Lockheed Martin, L3Harris, Japan's Eisai, Eli Lilly, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Federal, Transportation, Electronics, Honeywell, Colgate, Palmolive, Abbott Laboratories, Libre, Deutsche Bank, Lockheed, EU, Novo Nordisk, Jim Cramer's Charitable, CNBC Locations: Dover

☆ Novo Nordisk's Wegovy wins EU backing for reducing heart risks
▼ + stars: | 2024-07-26 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Boxes of Ozempic and Wegovy made by Novo Nordisk are seen at a pharmacy. Novo Nordisk's blockbuster Wegovy weight loss drug has received backing from the European Union's medical regulator to expand the medicine's use to include reducing the rise of serious heart events in overweight and obese adults. "The SELECT data demonstrated that in addition to helping people manage their weight, Wegovy has the potential to protect lives by reducing the risks of major adverse cardiovascular events." Novo Nordisk said it expects to implement the label update within a month. The company's CEO Thomas Schinecker welcomed positive early stage trial results from the firm's two weight loss drug candidates as showing "best in disease potential."

Persons: Wegovy, —, Martin Holst Lange, Roche, Thomas Schinecker Organizations: Novo Nordisk, Novo, European Medical Agency, U.S . Food, Drug Administration Locations: Danish, U.S, Swiss

☆ European drug regulator rejects Alzheimer's treatment Leqembi from Biogen, Eisai
▼ + stars: | 2024-07-26 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

European drug regulators on Friday rejected the Alzheimer's treatment Leqembi from Biogen and Eisai , creating another hurdle for the companies as they scramble to boost uptake of the therapy in the U.S. But it almost always follows the drug regulator's recommendations. The European Medicines Agency's human medicines committee recommended against granting marketing authorization for Leqembi. Leqembi and Kisunla are milestones in the treatment of Alzheimer's after three decades of failed efforts to develop medicines that can fight the fatal disease. In 2021, the European Medicines Agency rejected Aduhelm.

Persons: Eisai, Leqembi, Eli Lilly, Kisunla, Aduhelm Organizations: U.S, European Commission, U.S . Food, Drug Administration, Medicines, European Medicines Agency, Alzheimer's Locations: Biogen, U.S, Japan, South Korea, China, Israel, Europe, Alzheimer's Europe

☆ Wealth of global top 1% grew by $42 trillion over past decade: Oxfam
▼ + stars: | 2024-07-25 | by ( Tami Luhby | ) edition.cnn.com time to read: +2 min

CNN —The last decade has been very lucrative for the world’s super-rich residents, fueling the drive by some advocates to tax them more. The top 1% has seen its wealth soar by $42 trillion over the past decade, according to a new analysis by Oxfam International, which is being released ahead of the G20 finance ministers and central bank governors’ meeting in Brazil. “The richest one percent of humanity continues to fill their pockets while the rest are left to scrap for crumbs.”Oxfam regularly issues reports highlighting global inequality and pushes for changes to start evening the playing field. “Momentum to increase taxes on the super-rich is undeniable, and this week is the first real litmus test for G20 governments. Finance officials from the world’s biggest countries began talks earlier this year on introducing a global minimum tax on billionaires.

Persons: That’s, ”, Max Lawson, Gabriel Zucman, ” Lawson Organizations: CNN, Oxfam International, Oxfam International’s, Oxfam, EU, Observatory, Zucman, Finance Locations: Brazil

☆ Parisian Airbnb hosts are raking it in this summer as hotels suffer
▼ + stars: | 2024-07-25 | by ( Eliza Relman | ) www.businessinsider.com time to read: +8 min

Many will stay in the French capital's tens of thousands of hotel rooms, but many others are opting for short-term rentals, including Airbnbs. There are 44% more short-term rentals listed in Paris than there were last summer, according to AirDNA, a collector of industry data. The French capital had the fastest-growing short-term rental market in the EU over the last year, according to Lighthouse, a firm that analyzes the hotel market. National lawmakers are also poised to raise taxes on income from short-term rentals as a way to encourage homeowners to rent out their properties long-term. Airbnb, which dominates the short-term rental market in France, has leveraged the Olympics to expand its roster of hosts and guests in France.

Persons: —, Airbnb, Dave Stephenson, it's, AirDNA, RICCARDO MILANI, Blake Reiter, Reiter, they're, John van Hasselt, Anne Hidalgo, Hidalgo, wouldn't, " Reiter Organizations: Service, Olympic, Business, Games, City of, Getty, Time, Olympic Games Locations: Paris, That's, EU, France, City, Weeks

☆ World shatters heat record for the second time in just two days
▼ + stars: | 2024-07-24 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

A worker, called 'torchers', works in a charcoal production during scorching heat exceeding 40 degrees Celsius in Diyarbakir, Turkiye on July 18, 2024. The world registered its hottest day on record for the second time in just two days, according to the latest data compiled by the European Union's climate monitor. C3S, which has been tracking the daily global mean temperature since 1940, said Sunday's record had already shown "we are now in truly uncharted territory." The EU's climate monitor has warned that new temperature records are inevitable as the planet keeps warming. The fresh all-time high comes as excessive heat has gripped large parts of the U.S., Russia and southern Europe in recent days.

Locations: Diyarbakir, Turkiye, U.S, Russia, Europe

☆ UniCredit CEO: EU General Court ruling on Russia exit will be a 'win-win' either way
▼ + stars: | 2024-07-24 | 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 EmailUniCredit CEO: EU General Court ruling on Russia exit will be a 'win-win' either wayAndrea Orcel, CEO of UniCredit, speaks to CNBC's Silvia Amaro after the bank's second-quarter earnings release.

Persons: Andrea Orcel, CNBC's Silvia Amaro Organizations: EU, UniCredit Locations: Russia

☆ Putin's favorite European leader is being shunned and shammed by his peers
▼ + stars: | 2024-07-23 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +1 min

Hungary's leader, Viktor Orbán, is notably warmer to Putin than many in Europe, leaving him isolated. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHungary's Prime Minister, Viktor Orbán, is being condemned by the European Union because of his close ties to Russia. Orbán was stripped of his right to host the EU's Foreign Affairs Council meeting in Budapest in August over his relationship with Russian President Vladimir Putin. The meeting, where EU foreign and defense ministers informally discuss international issues, is traditionally hosted by the rotating president of the EU Council, which for now is Hungary.

Persons: Josep Borrell, Viktor Orbán, —, Orbán, Vladimir Putin Organizations: EU, Service, Hungary's, EU's Foreign, EU Council, Business Locations: Hungary, Brussels, Europe, European Union, Russia, Budapest

☆ Tesla reports earnings after the bell. Here's what Wall Street has to say
▼ + stars: | 2024-07-23 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

Analysts expect Tesla to post 62 cents in earnings per share on $24.77 billion in revenue. Although the revenue estimate is slightly higher than the $21.30 billion Tesla posted in the first quarter, the earnings forecast is 30% below the previous year. Last quarter, Tesla reported adjusted earnings of 45 cents per share on a 9% decline in revenue to $21.30 billion compared with the fourth quarter. Evercore's Chris McNally also sees further downside to Tesla shares. Jonas holds a $310 price target on Tesla shares, indicating 23% potential upside from Monday's close.

Persons: Tesla, Elon Musk, Ronald Jewsikow, Jewsikow, Dan Levy, Levy, Chris McNally, McNally, Wells, Colin Langan, Langan, Joe Biden's, Morgan Stanley's Adam Jonas, Jonas, — CNBC's Michael Bloom Organizations: Barclays, Tesla, U.S, Trump Locations: Monday's, Wells Fargo

☆ European officials get excited about Kamala Harris — but are still hedging their bets
▼ + stars: | 2024-07-23 | by ( Silvia Amaro | ) www.cnbc.com time to read: +1 min

There's a renewed sense of excitement among European officials as U.S. Vice President Kamala Harris becomes the frontrunner for the Democratic nomination ahead of the all-important election this fall. They also dismissed 78-year-old former President Donald Trump, adding that "the U.S. needs younger leaders." As a result, EU institutions welcomed the arrival of Biden to the White House, describing it as a new chapter in the EU-U.S. relationship. However, for at least a year now, EU officials have been preparing for the possibility of a return of Trump to the White House. If he wins the election, they're expecting a deeper "America First" policy, which will likely mean less financial support to Ukraine and possibly tariffs on some European goods.

Persons: There's, Kamala Harris, Joe, Biden, Donald Trump, Trump, they're Organizations: Democratic, CNBC, EU, White Locations: U.S, EU, United States, Brussels, Ukraine

☆ Delivery Hero, Glovo targeted in EU cartel investigation
▼ + stars: | 2024-07-23 | by ( ) www.cnbc.com time to read: +1 min

BERLIN, GERMANY - SEPTEMBER 04: The Delivery Hero office photographed on September 04, 2020 in Berlin, Germany. (Photo by Jeremy Moeller/Getty Images)BRUSSELS - EU antitrust regulators on Tuesday launched an investigation into German online food takeaway firm Delivery hero and its Spanish unit Glovo on concerns that the two companies may have taken part in an online food delivery cartel. Delivery Hero held a minority share in Glovo in 2018 and acquired sole control in July 2022. "The Commission is concerned that, before the takeover, Delivery Hero and Glovo may have allocated geographic markets and shared commercially sensitive information," the EU watchdog said. "Online food delivery is a fast-growing sector, where we must protect competition," EU antitrust chief Margrethe Vestager said in a statement.

Persons: Jeremy Moeller, Margrethe Vestager Organizations: Getty, European, EU Locations: BERLIN, GERMANY, Berlin, Germany, BRUSSELS, Glovo

☆ World logs hottest day since records began — with fresh highs expected in the coming months
▼ + stars: | 2024-07-23 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

The world's average temperature climbed to its highest level ever recorded on Sunday, according to the European Union's climate monitor. "On July 21st, C3S recorded a new record for the daily global mean temperature," C3S Director Carlo Buontempo said Tuesday. "What is truly staggering is how large the difference is between the temperature of the last 13 months and the previous temperature records. C3S confirmed on Tuesday that Sunday's average temperature reflects a fresh high, in their records which stretch back to 1940. CS3 said there have now been 57 days since July 3 last year that have exceeded that previous record.

Persons: C3S, Carlo Buontempo, Buontempo

☆ Hungary told it can't host EU gathering after the latest clash with Putin ally over Ukraine
▼ + stars: | 2024-07-23 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +2 min

Hungary has been stripped of the right to host a forthcoming gathering of European Union ministers due to its stance on the war in Ukraine. "We have to send a signal, even if it is a symbolic signal, that being against the foreign policy of the European Union ... has to have some consequences," Borrell told reporters in Brussels on Monday. Borrell said he had made the decision to hold the next gathering in Brussels after almost every EU foreign minister meeting on Monday was critical of Hungary's stated position on Kyiv, Russia and the war in Ukraine. Orban, who's seen as an ally of Russian President Vladimir Putin, has since provoked fury in Brussels by describing EU policy on Ukraine as "pro-war." He nevertheless told reporters that the move was not a "boycotting" of Hungary and that the country would be present at the next gathering.

Persons: Josep Borrell, Borrell, Hungary's, Viktor Orban, Orban, who's, Vladimir Putin, Péter Szijjártó, it's Organizations: European Union, EU, Hungary's, Reuters Locations: Hungary, Ukraine, Brussels, Budapest, Kyiv, Russia, China

☆ Opinion: Why you should pay attention to the role of race in sport during this summer’s Olympics
▼ + stars: | 2024-07-23 | by ( Opinion Keith Magee | ) edition.cnn.com time to read: +9 min

CNN —For many nations — not least the US — the upcoming Paris Olympics will take place against a background of deep political and social division. If you saw any of the European Athletics Championships events last month, you may well have been struck, as I was, by just how many Black athletes featured on podiums. At the Summer Olympics, the USA team will also feature numerous Black athletes, including gymnast Simone Biles, sprinter Sha’Carri Richardson and the (current) fastest man on earth, Noah Lyles. As you watch the Olympics this summer, take note of the sports in which Black people represent the USA and European countries. So no, Black athletes are not naturally better at some sports — they take the narrower opportunities open to them and work incredibly hard on their self-belief to make it to that podium.

Persons: Keith Magee, Keith Magee Arron Dunworth Terry Shoemaker, Emmanuel Karalis, Malaika Mihambo, Nikolas Liepins, Simone Biles, Sha’Carri Richardson, Noah Lyles, Mujinga Kambundji, Italy's Zaynab, Ewa Swoboda, Artur Widak, Zaynab Dosso, Ana Peleteiro, Owen Ansah, Paola Egonu, Le, Aya Nakamura, Edith Piaf, disheartening misogynoir, Lewis Hamilton, Tiger Woods, Venus Williams, you’ll, —, laud Organizations: University College London Institute for Innovation, Newcastle University Law School, CNN, Arizona State University, European Athletics, women's U.S, Getty, Summer, USA, Trump, European Union Agency for Fundamental Rights, Paris Olympics, Franco, United Nations, Serena Locations: Swiss, women's, Anadolu, Europe, Italy, Poland, Paris, France, Spanish, Italian, Nigerian, Malian

☆ What Google's decision to keep cookies means for the internet
▼ + stars: | 2024-07-23 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

In this article GOOGL Follow your favorite stocks CREATE FREE ACCOUNTGoogle announced in a surprise move that it would reverse its years-long plan to phase out third-party cookies. The U.S. internet giant said late Monday it is reversing a long-planned move to ditch third-party cookies — the critical text files that track users' web activity for advertisers. And what does Google's decision mean for how you interact with the web moving forward — or, for that matter the advertising industry? Roughly 40.9% of websites globally use cookies to gather data on users, according to data from W3Techs, a web technology research firm. This issue forms the main reason why Google has now decided to terminate its planned depreciation of third-party cookies.

Persons: Daniel Acker, Matthew Holman, Cripps, it's, Google's, Steve Silvers, there's, Silvers, Authority —, Vasiliki, Makou, Jennifer Elias Organizations: Google, Bloomberg, Getty, CNBC, Competition, Authority, ICO, Data Locations: U.S, W3Techs, Europe, London

☆ EU moves high-level meetings out of Budapest to protest Orbán’s Ukraine war stance
▼ + stars: | 2024-07-22 | by ( Caitlin Danaher | ) edition.cnn.com time to read: +3 min

“I can say that all member states, with one single exception, were very much critical about this behavior,” he added. “European Union policy is not a pro-war policy. Borrell’s decision comes after European Council President Charles Michel firmly hit back at Orbán’s claim that the EU has led a “pro-war policy” in a letter published last week. “Russia is the aggressor and Ukraine is the victim exercising its legitimate right to self-defense. Russia is leading a war of aggression in blatant violation of international law, Ukraine’s territorial integrity and sovereignty in accordance with the UN Charter,” Michel wrote.

Persons: Viktor Orbán, ” Borrell, “, ’, ” Borrel, Putin, Borrell’s, Charles Michel, ” Michel, Orbán, Vladimir Putin, Xi Jinping, Donald Trump, Orban, Ursula von der Leyen, ” Orban, Niamh Kennedy, James Frater, Amy Cassidy, Jennifer Hansler Organizations: London CNN, European Union, Union, European, EU, UN, Ukraine “, CNN Locations: Budapest, Brussels, Hungary, Ukraine, Hungary’s, Hungarian, Russia, Moscow, Beijing, Florida

☆ Ukraine war: European nations turn to conscription as threat of wider war with Russia grows
▼ + stars: | 2024-07-21 | by ( Radina Gigova | ) edition.cnn.com time to read: +12 min

Several European nations have reintroduced or expanded compulsory military service amid Moscow’s mounting threat, part of a range of policies aimed at boosting defenses that are likely to be scaled up even further. Compulsory military service was reintroduced on January 1 this year, after being abolished in 2006. In the UK, the Conservatives floated the idea of military service in their ill-fated election campaign. In Lithuania, for instance, opinions about military service among students vary, said Paulius Vaitiekus, president of Lithuania’s National Students’ Union. However as an alliance we do not prescribe mandatory military service,” Dakhlallah said.

Persons: ”, Robert Hamilton, Vladimir Putin “, Wesley Clark, we’ve, Clark, “, Arturs Pīlācis, Ints Kalnins, Jonas Gahr Støre, Jens Bartnes, ” Bartnes, Max Henrik Arvidson, Boris Pistorius, Thomas Frey, Sean Monaghan, Paulius Vaitiekus, Vaitiekus, Monaghan, Hamilton, it’s, ” Radebo, Mikael Sjoberg, Russia’s, Farah Dakhlallah, Dakhlallah, ” Dakhlallah, ” Monaghan, Donald Trump –, ” Clark Organizations: CNN, Foreign Policy Research Institute, US Army, Allied, Europe, NATO, ” Latvian, Reuters, European Union, Conservatives, Federal, of Defense, Eurasia Program, Center for Strategic, International Studies, Lithuania’s, ’ Union, Finnish Defence Forces, Swedish Armed Forces, Marinette, Ministry of Defense, Bloomberg, Getty Locations: Russia, Ukraine, Kyiv, Europe, Eurasia, Kosovo, Scandinavia, Latvia, ”, Riga, Norway, Norwegian, Germany, B'chel, Lithuania, Ukrainian, NATO, Finland, Soviet Union, Sweden, NATO’s, Swedish, Gotland, Visby, Moscow, Crimea

☆ Facing difficult frontline reality and the prospect of Trump in the White House, Zelensky hints at negotiations with Russia
▼ + stars: | 2024-07-20 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +12 min

Zelensky suggested Moscow should send a delegation to the next peace summit that he hopes to hold in November. Kyiv is currently facing the double whammy of a difficult frontline situation and political uncertainty over the level of future support from Ukraine’s closest allies. Trump and Zelensky spoke on Friday in what Trump called a “had a very good phone call”. Putin said Russia would end its war in Ukraine if Kyiv surrendered the entirety of four regions claimed by Moscow: Donetsk, Luhansk, Kherson and Zaporizhzhia. Despite being considerably bigger and stronger than Ukraine, Russia has not managed to fulfil its territorial goals – even when Kyiv was receiving only limited help from the West.

Persons: Volodymyr Zelensky, Zelensky, –, Germany –, Ukraine John Herbst, Donald Trump, JD Vance, Herbst, Trump, ”, Vladimir Putin, Putin, Orysia Lutsevych, Russia … Putin, Lutsevych, Riley Bailey, Bailey, “, ” Bailey, hasn’t, Vance, Libkos, Ukraine wasn’t, doesn’t, ” Herbst, Ukraine doesn’t, you’re Organizations: CNN, NATO, Monday, Aspen Security, –, Chatham House, Kyiv, Trump, Democrats, ” Locations: Russia, Moscow, Switzerland, Ukraine, Kyiv, Ukraine’s, United States, Germany, Donetsk, Luhansk, Kherson, Zaporizhzhia, Eurasia, Chatham, Kharkiv, Europe, Afghanistan, Crimea, Kerch, Russian

☆ Britain's Labour faces an uphill battle as it looks to rein in AI's key players
▼ + stars: | 2024-07-19 | by ( Ryan Browne | ) www.cnbc.com time to read: +8 min

By taking aim at the most powerful AI models, Labour would impose tighter restrictions on companies such as OpenAI, Microsoft , Google , Amazon , and AI startups including Anthropic, Cohere and Mistral. Matthew Houlihan, senior director of government affairs at Cisco, said any AI rules would need to be "centered on a thoughtful, risk-based approach." Even so, a U.K. AI law would be a step above the U.S., which currently doesn't have federal AI legislation of any kind. Sirion's Liu said one thing he's hoping the government doesn't do, is restrict open-source AI models. Herman Narula, CEO of metaverse venture builder Improbable, agreed that restricting open-source AI innovation would be a bad idea.

Persons: Keir Starmer's, King Charles III, doesn't, Starmer's, Matt Calkins, Appian, Lewis Liu, Liu, Rishi Sunak, Peter Kyle, Kyle, Zahra Bahrololoumi, Matthew Houlihan, Bill, Chris Holmes, Holmes, Matthew Holman, Cripps, Holman, Sirion's Liu, Herman Narula, Narula Organizations: Future Publishing, Labour, European Union, Microsoft, Google, CNBC, Conservative, BBC, AI Safety Institute, Cisco, Authority, EU, AI Safety, Tech, London Tech Week Locations: Jiangsu province, China, Ireland, Salesforce, U.S

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