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☆ Alaska's pristine rivers are turning a rusty orange even when seen from space, likely because of melting permafrost: study
▼ + stars: | 2024-05-23 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Read previewAt least 75 of Alaska's brooks and streams have been turning a dirty orange likely due to thawing permafrost, with some rivers so impacted that the discoloration can be seen via satellite, a new study says. Rivers and lakes typically have a pH value of 6.5 to 8, and acid rain has a pH value of 4.2 to 4.4. Jon O'Donnell/National Park Service"These findings have considerable implications for drinking water supplies and subsistence fisheries in rural Alaska," researchers wrote. The 75 orange streams observed were scattered across northern Alaska over a span of about 600 miles, the study said. AdvertisementAn orange tributary joins the Kuguroruk River in Alaska.

Persons: —, Jenny McGrath, Jon O'Donnell, Joshua Koch, Biden Organizations: Service, Business, Geological Survey Scientists Locations: Rivers, Kobuk, Alaska

☆ A rare feather just sold for $28,000, making it worth 40 times as much as gold by weight
▼ + stars: | 2024-05-21 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Read previewA single feather of an extinct bird was auctioned off in New Zealand on Monday for about $28,000, making it the most expensive feather ever sold worldwide. The huia feather sold at Webb's Auction House in Auckland was initially estimated to be worth around $1,830, but its sale price ballooned after 59 bids. Gold costs around $77 per gram in New Zealand, and the 9-gram huia feather is worth $3,153 per gram. Related storiesThe feather sold on Monday is framed under protective glass and is classified by the New Zealand government as a Y-registered object. The huia feather sale comes as auctions draw attention largely from sports and celebrity memorabilia sold at once-seemingly outlandish prices.

Persons: —, huia, Diego Maradona Organizations: Service, Zealand Geographic, Business, The Guardian, New, New Zealand Geographic Locations: New Zealand, New, Auckland

☆ It's so tough to pay cash in China that the government had to fine a KFC for not accepting banknotes
▼ + stars: | 2024-05-21 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

China has mandated that local businesses leave the door open for cash payments as it tries to attract foreign investment and tourism after the pandemic. AdvertisementHungry for foreign business, China has rushed to bridge the gap. Major payment platforms Alipay and WePay started allowing visitors to link their international bank cards to their Chinese accounts. It's illegal in China to reject cash for purchases, and the central government's crackdown has intensified in the last several years. Investor relations for Yum China, which operates KFC in China, did not immediately respond to a request for comment sent by Business Insider.

Persons: —, WePay Organizations: Service, KFC, People's Bank of China, Business, China Post, New China Life Insurance, PICC, Regulators, Yum Locations: Beijing, Wuxi, Jiangsu, Mongolia, China, Gansu, New, Shanghai, Tourism, Yum China

☆ The US Secretary of State gave a war-time rock performance at a bar in Kyiv, leaving some Ukrainians scratching their heads
▼ + stars: | 2024-05-16 | by ( Matthew Loh | ) www.businessinsider.com time to read: +7 min

Slinging a crimson electric guitar onto his shoulder, Blinken told the crowd he knew they were facing a "really, really difficult time." So much of the world is with you and they're fighting not just for a free Ukraine, but for the free world. "For ten years, we've been explaining to the free world that we are defending it too," he wrote. Residents self-evacuate from a multi-story residential building hit by a Russian UMPB D-30 glide bomb on May 14, 2024 in Kharkiv, Ukraine. The lyrics of "Rockin' in the Free World" are often seen as a criticism of American patriotism and George H.W.

Persons: —, Antony Blinken, Neil Young's, Blinken, Ukraine, Antony, Muddy Waters, Bohdan Yaremenko, Trump, he's, we've, Oleg Simoroz, Valeriy, it's, Matviyenko, Yevhen, Oleksandr Syrskyi, Illia Ponomarenko, George H.W, Bush, Donald Trump, Sen, Bernie Sanders, Biden Organizations: Service, Business, U.S, US State Department, Blinken, Music Diplomacy Initiative, Facebook, AFP, Ukrainian NGO Agency, Getty Images, Ukrainian, Ukrainian Armed Forces, Kyiv, Guardian, Los Angeles Times, Soviet Union, State Department Locations: Kyiv, Ukraine, Russian, Kharkiv, United States, Muddy, Ukrainian, Russia, KABs, Sumy, Getty Images Russia, Polina, Soviet

☆ A massive billboard fell onto a petrol station and killed at least 14 people during a freak storm
▼ + stars: | 2024-05-15 | by ( Matthew Loh | ) www.businessinsider.com time to read: +1 min

Heavy winds blew down a billboard in Mumbai on Monday, crushing a petrol station and killing 14. Dozens of people were trapped for hours under the debris, with 75 people injured, authorities said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAt least 14 people were killed by a falling billboard in Mumbai, India after its structure collapsed due to stormwinds and crashed into several houses and a petrol station. Local police said the billboard measured 70 meters by 50 meters, or about 230 feet by 165 feet, and collapsed on Monday at a petrol pump in the Ghatkopar suburb.

Persons: — Organizations: Authorities, Service, Local, Business Locations: Mumbai, India, Ghatkopar

☆ Ukrainian officials want the green light to strike targets in Russia with US weapons, saying they couldn't do anything about enemy troops massing nearby: report
▼ + stars: | 2024-05-15 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Read previewUkrainian parliamentary officials are pushing the Biden administration to remove restrictions on Kyiv striking targets in Russian territory with its arsenal of US weapons, Politico reported. Ukraine knew for weeks that Russia was massing troops at the border, with intelligence officials saying in early May that Moscow was gathering some 50,000 to 70,000 personnel there. Speaking to Politico, Ustinova said the Russians had become "smart now because they know there is a restriction for Ukrainians to shoot at the Russian territory." Ukraine has been attacking targets beyond the border — more recently on Russia's oil facilities — but only with its own drones. The policy has been criticized as a means of effectively shielding Russia from significant Ukrainian counterattack.

Persons: —, Biden, David Arakhamia, Oleksandra Ustinova, Ustinova, it's, isn't Organizations: Service, Politico, Business, Ukraine, Kharkiv, NATO, Kremlin, US Locations: Washington, Russia, Kharkiv, Ukraine, Moscow, Russian, Mariupol, Vovchansk, West

☆ No, ChatGPT-4o isn't coming for your job. Yet.
▼ + stars: | 2024-05-14 | by ( Matthew Loh | Shubhangi Goel | ) www.businessinsider.com time to read: +6 min

Read previewOpenAI unveiled its latest ChatGPT tech on Monday, presenting a new voice mode that can show and detect emotion in a sophisticated, conversational style. They also cautioned that most people have been reacting to a tech demo, which can often be highly tailored and might not necessarily reflect the product's true capability. pic.twitter.com/ZncytI234K — Allen T (@Mr_AllenT) May 13, 2024OpenAI also showed potential adopters new use cases, such as translation and teaching services. AdvertisementThe new video camera and voice features do wonders for ChatGPT's potential in roles like customer support, van Rossum added. But it's going to be much more difficult for ChatGPT to take over customer support, teaching, or negotiation, Leong said.

Persons: —, Scarlett Johansson, OpenAI, — Allen, Mira Murati, ChatGPT, wpB6sGjA7E, Alex Kantrowitz, Siri, Alexa, Daan van Rossum, van Rossum, Leslie Teo, Teo, Ben Leong, it's, Leong, Simon Lucey, Lucey, We've Organizations: Service, Big, Business, AIs, Companies, Singapore, National University of Singapore, University of Adelaide's Australian Institute for Machine, Microsoft Locations: Big Tech, Singapore

☆ NATO member Estonia is 'seriously' discussing sending troops to fill non-combat roles in Ukraine, security advisor says
▼ + stars: | 2024-05-14 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Read previewEstonia has been "seriously" discussing sending troops to Ukraine in roles positioned away from the front lines, per a national security official. Advertisement"Discussions are ongoing," Roll told Breaking Defense. Breaking Defense reported that Roll made these comments on Friday, just days after the country's defense chief, Gen. Martin Herem, told the outlet that Estonia had internally talked about sending troops to Ukraine. Related storiesEstonia is one of the geographically closest NATO members to Russia, with an eastern border shared with the Russian regions Pskov and Leningrad. AdvertisementThat's about 1.6% of its total GDP, more than any other nation that has supplied Ukraine with aid.

Persons: —, Madis, it's, Roll, Martin Herem, Herem, Emmanuel Macron, Ingrida Šimonytė Organizations: Service, Defense, Business, Atlantic Treaty Organization, Breaking Defense, NATO, Lithuanian, Financial Times, Kyiv, Kiel Institute Locations: Estonia, Ukraine, Russia, Pskov, Leningrad, Ukraine Tallinn, Baltic States, NATO, Kyiv, Europe, Finland

☆ Lindsey Graham wants more bombs for Israel, saying the US was right to nuke Nagasaki and Hiroshima
▼ + stars: | 2024-05-13 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Related stories"Why is it OK for America to drop two nuclear bombs on Hiroshima and Nagasaki to end their existential threat war?" Welker challenged Graham by saying that military officials attest to weapons technology now being more precise and able to reduce civilian casualties. It's not the first time Graham has referenced Nagasaki and Hiroshima to advocate for the flow of munitions to Tel Aviv. Congress voted through a $15 billion military aid package for Israel in April, which includes about $5 billion to replenish weapons stocks. A representative for Graham did not immediately respond to a request for comment sent outside regular business hours by Business Insider.

Persons: —, Sen, Lindsey Graham of, NBC's Kristen Welker, Graham, Joe Biden, Welker, Welker's, It's, Israel, Biden Organizations: Service, Sunday, Business, Pearl, Republicans, Israel Locations: Lindsey Graham of South Carolina, Israel, Gaza, Japan, Germany, Hiroshima, Nagasaki, Rafah, America, Tel Aviv

☆ A Ukrainian recon commander in Kharkiv said its first line of defense was missing, in a 'betrayal' that allowed Russian troops to just walk in
▼ + stars: | 2024-05-13 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

"There was no first line of defense," Denys Yaroslavskyi told the BBC, which reported from Vovchansk on Sunday. Jonathan Beale, a defense correspondent at the outlet, wrote that Yaroslavskyi showed him drone footage of Russian troops walking past Ukraine's northeastern border without resistance. Lying on Kharkiv's northeastern border, Vovchansk is one of Ukraine's closest cities to the Russian region of Belgorod. Related storiesDays earlier, Ukrainian military observers reported that between 30,000 to 35,000 Russian troops had gathered for the push. The Kremlin has since 2022 been accusing Ukraine of shelling Belgorod, though this also comes amid repeated reports of Russian troops misfiring or dropping bombs by mistake on civilians there.

Persons: —, Denys Yaroslavskyi, Jonathan Beale, Yaroslavskyi, Oleksandr Syrskyi, Syrskyi, Vladimir Putin, Vovchansk Organizations: Service, BBC, Business, Reconnaissance Unit, Armed Forces, Ukraine's General Staff, Russian Federation, Kyiv, Russian, NATO Locations: Ukrainian, Kharkiv, Russia, Vovchansk, Ukraine's, Russian, Belgorod, Moscow, Ukraine, The Washington, Kyiv

☆ Meet the students stacking internships and battling each other to get a foot in Goldman Sachs' and JPMorgan's doors
▼ + stars: | 2024-05-13 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +8 min

All this, the business administration student says, is part of his quest to land a job with a big bank like Goldman Sachs or JPMorgan. Advertisement"I have to grind a lot for academics and then do internships on top of that," Loh said. Many Singapore students have adopted a similar playbook to Loh's, padding their résumés with stacks of internships in the hopes of landing a spot at a top bank. AdvertisementHussain ended up doing five internships throughout his college career, including stints at a hedge fund and a private bank. Tan is slated to join a top European bank as an investment banking analyst this summer.

Persons: —, Channon Loh, he's, Loh, Goldman Sachs, Mike Kemp, Eric Sim, Sim, It's, Adnan Hussain, Hussain, Adnan Hussain Adnan Hussain, you'll, Nicholas Tan, Tan, Duo Geng Goh, Goh, it's, Chi Ang, gunning, Ang, Adrian Choo, Choo Organizations: Service, National University of Singapore, NUS, JPMorgan, Business, Getty, Goldman, Harvard, Crazy Rich, UBS Investment Bank, BI, Singapore Management University, SMU, Students, Banking Locations: Singapore, Crazy

☆ Jack Dorsey defends Musk's Twitter leadership, saying the billionaire slashed the 'critical sin' of its business model
▼ + stars: | 2024-05-10 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

But Dorsey said Twitter had been weighed down by its revenue model. Twitter chose brand advertising as its main source of income, a "core, critical sin" that exposed the platform's moderation to the whims of corporations effectively financing the social-media platform, Dorsey said. Building a different business modelTo many, Musk seemed to be axing Twitter's entire business model. "Twitter was a $5 billion a year business," Dorsey said. AdvertisementDorsey's comments come as he quit Bluesky, a platform he helped build after leaving Twitter, and told users to use Musk's X instead.

Persons: —, Jack Dorsey, Dorsey, Mike Solana, Twitter, Solana, Apple, Musk, Elon, Bluesky, Edward Snowden, Julian Assange, he's, Musk's Organizations: Service, Twitter, Fund, Business, Unilever, SpaceX, Disney, IBM

☆ Jack Dorsey said Twitter's board 'has always been a problem' and that he plotted his exit from the firm because of its activist investor
▼ + stars: | 2024-05-10 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Jack Dorsey said Twitter's board — and its activist investor — prompted him to plan an exit from the firm. "I was happy to see it end," Dorsey said of the board when Elon Musk took Twitter private. AdvertisementDorsey told Solana that earlier on, he'd tried to bring Musk onto Twitter's board but was stopped twice. In April 2022, Musk joined Twitter's board of directors after taking a 9.2% stake in the company. But Dorsey said he was also unhappy with the board because of an activist investor seeking to boot him, he said.

Persons: Jack Dorsey, —, Dorsey, Elon Musk, Mike Solana, Parag Agrawal, Solana, he'd, Musk, Paul Singer, Elliot Management's, It's, Dorsey didn't, Bluesky, Donald Trump, Nick Fuentes Organizations: Elon, Twitter, Service, Fund, Elliott Management

☆ A whistleblower at Boeing's supplier said he 'almost grew a fear of flying' from working 12 years there
▼ + stars: | 2024-05-09 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA former employee of Boeing supplier Spirit AeroSystems said he nearly developed a fear of flying because of what he saw during his 12-year stint inspecting aircraft fuselages there. "Working at Spirit, I almost grew a fear of flying," said Paredes. Paredes told CBS that he once sent an email pushing back against his managers' requests to speed up inspections and then was removed from his leadership position. Spirit AeroSystems did not immediately respond to a request for comment outside regular business hours by Business Insider.

Persons: —, Spirit AeroSystems, Santiago Paredes, Paredes, Kris Van Cleave, Spirit, John Dean, Max, AeroSystems Organizations: Service, Boeing, Spirit, CBS News, Business, CBS, Alaska Airlines, Federal Aviation Administration, National Transportation Safety, BBC, BI Locations: Wichita, Spirit's Wichita

☆ A Ukrainian tank crew said the Abrams tank is as easy to drive as a scooter and that they learned how to operate its weapons in 1 week
▼ + stars: | 2024-05-08 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Read previewA Ukrainian tank gunner and driver were filmed heaping praise on US-supplied Abrams tanks in a state-backed media report, boasting that they've been easy to learn to operate. "There's nothing so complicated here," he told Army TV. Alexey and Koka's commander, Dmytro, told Army TV that the Abrams' armor was effective against Russian anti-tank missiles like the Kornet. AdvertisementUkraine was promised 31 Abrams tanks by the US in January 2023, with the first batch arriving in September after crews trained for months in Germany to operate them. In late April, the Russian military displayed an abandoned Abrams M1A1 at an exhibition called the "Trophies of the Russian Army," which showcased NATO equipment seized during the war.

Persons: —, Abrams, Koka, Alexey, Yevhen Nazarenko, Dmytro, Zeus Organizations: Service, Mechanized Brigade, Army TV, Business, Abrams, Army, Ukraine's Ministry of Defense, Pentagon, Associated Press, Business Insider, Russian, Capitol Hill, Republican, New York Times, Russian Army, NATO Locations: Ukrainian, Ukraine, Germany, Soviet

☆ A Ukrainian tank crew says the Abrams is still being used on the front lines, but isn't finding 'tank-on-tank' battles where it has the edge
▼ + stars: | 2024-05-08 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

A Ukrainian tank crew told state media they're still using the Abrams tank on the front lines. A Ukrainian Abrams commander told Army TV that the tanks weren't withdrawn but are used situationally. AdvertisementA Ukrainian tank crew says the US-supplied Abrams is still viable on the front lines, but the tank-on-tank battles where it excels have been few and far between. Advertisement"WHERE IS UKRAINIAN ABRAMS: how the legendary American tank fights at the front," its title reads. At least five Abrams tanks have been reported lost in combat, with another three damaged.

Persons: Abrams, Ukrainian Abrams, —, Kyiv hadn't, Dmytro, Alexey, Biden Organizations: Pentagon, Abrams, Army, Service, Associated Press, Kyiv, Mechanized Brigade, Ukraine's Defense Ministry, YouTube, ABRAMS, Business Insider, Russian, AP, Russia, Congress Locations: Ukrainian, Ukraine, Hill

☆ Russia is raising a stink about F-16s in Ukraine by saying they're nuclear-capable, even though the types of warplanes already deployed there can carry nukes
▼ + stars: | 2024-05-07 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Russia said on Monday that it would treat F-16s in Ukraine as an escalation because they're nuclear-capable. AdvertisementRussia warned on Monday against the expected arrival of F-16s in Ukraine, saying the US warplanes would be treated as an escalation given their potential as nuclear weapons platforms. AdvertisementMeanwhile, Russia has for months said the delivery of the F-16s is a provocation from NATO because they can be fitted to carry nuclear weapons. In any case, Ukraine does not possess any nuclear weapons in its arsenal, having surrendered them in 1994 when it gained independence. It is subject to the Treaty on the Non-Proliferation of Nuclear Weapons.

Persons: —, Sergey Lavrov, Ukraine's Su, it's, They're, Jake Epstein, Epstein Organizations: Foreign Ministry, Service, NATO, Russian Foreign Ministry, North Atlantic Treaty Organization, Russia, Soviet, British Storm Shadow, Nuclear Weapons, US Navy Locations: Russia, Ukraine, United States, North, Belgium, Denmark, Norway, Netherlands, Kyiv, Russian, Belarus, Minsk, Moscow

☆ Russia's former president threatened nuclear attacks on Western capital cities if NATO sends any troops to Ukraine
▼ + stars: | 2024-05-07 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Dmitry Medvedev is at it again, threatening Western leaders with nuclear attacks if they cross a line. Medvedev says no leaders in Washington, Paris, and London won't "be able to hide" if they send troops to Ukraine. AdvertisementFormer Russian President Dmitry Medvedev on Monday threatened nuclear strikes on Western leaders who want to send their troops to Ukraine, doubling down on his increasingly hostile rhetoric toward the North Atlantic Treaty Organization. Related storiesStrategic nuclear weapons are those typically launched via intercontinental ballistic missiles. But such threats have also been categorized as bluffs by Western leaders, who say the Kremlin hopes to scare Ukraine's allies off.

Persons: Dmitry Medvedev, Medvedev, —, nonstrategic, Vladimir Putin, Putin, isn't, Emmanuel Macron, Macron, Sinead Baker, Tony Soprano's, Edward Lucas Organizations: London, Service, Atlantic Treaty Organization, NATO, Capitol, Monday, Russia's, Hague, Center for, Russia's Security Locations: Washington, Paris, Ukraine, Russian, France, Baltics, Poland, Kyiv, Russia, Ukraine's, Elysee, Downing Street, Moscow

☆ Boeing is under FAA investigation after disclosing some employees didn't perform safety tests on the wings of a 787 but recorded that they did anyway
▼ + stars: | 2024-05-07 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

The FAA said on Monday that it's probing Boeing amid reports of employees not completing 787 checks. AdvertisementThe Federal Aviation Administration is investigating whether Boeing employees may have falsified plane safety records for the 787 Dreamliner, adding to the manufacturer's woes as it faces regulatory scrutiny. "The FAA is investigating whether Boeing completed the inspections and whether company employees may have falsified aircraft records," the statement said. Several former Boeing employees who became company whistleblowers have raised concerns about 787 Dreamliner production, alleging that the manufacturer was prioritizing profit over quality. AdvertisementAnother ex-employee, John Barnett, slammed 787 production for years and said he observed issues with oxygen mask deployment in the jets, which he felt weren't properly addressed.

Persons: —, Scott Stocker, " Stocker, Stocker, Max, Dave Calhoun, Sam Salehpour, John Barnett, weren't, Barnett, Joshua Dean, Spirit AeroSystems Organizations: FAA, Boeing, Service, Aviation Administration, Business, American Airlines, Spirit Locations: Charleston, South Carolina, Indonesia, Ethiopia

☆ China's hype video for its lunar base showed what looked like a NASA Space Shuttle lifting off, which it then realized and tried to fix
▼ + stars: | 2024-05-06 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

China's new teaser for its lunar base appeared to show a NASA Space Shuttle taking off. The Space Shuttle was later blurred out in a state media version of the CGI video. AdvertisementA new concept video showcasing China's planned lunar base appeared to feature a NASA Space Shuttle lifting off from the facility — a detail that was then omitted in a later broadcast of the clip. Related storiesIt's unclear if showing a Space Shuttle was intended by China's space administration, but the spacecraft using a Chinese base in 2045 would be nearly impossible. Beijing says it plans for its international lunar base to be built jointly by other countries as a collaborative effort.

Persons: —, CNSA, It's, Artemis Organizations: NASA Space Shuttle, Shuttle, Service, China National Space Administration, Research, American, NASA, Space, Orbiter, Getty, Orion Spacecraft, Elon, SpaceX, International Space, Space Shuttle, Business Insider Locations: China, Beijing

☆ NATO says Russia is carrying out 'malign activities' like sabotage on its member states and will address them
▼ + stars: | 2024-05-03 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

NATO is accusing Russia of "malign activities" in its member states, including Germany and the UK. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe North Atlantic Treaty Organization on Thursday singled out Russia in a statement condemning "recent malign activities" in its member states. The treaty organization said these individuals' actions were part of an "intensifying campaign of activities" carried out by Russia. Amid the heightened tensions, NATO members have increasingly highlighted what they say are Russian clandestine activities in their own governments and institutions.

Persons: —, Emmanuel Macron Organizations: NATO, North Atlantic Council, Service, Atlantic Treaty Organization, North Atlantic, Moscow, Russia's Ministry of Foreign Affairs, Business Locations: Russia, Germany, Czechia, Estonia, Latvia, Lithuania, Poland, Moscow, Ukraine, —, Kyiv, Russian, London, China

☆ China's true military spending in 2022 was likely worth $711 billion, or 'nearly equal' to the US military budget that year: US think tank
▼ + stars: | 2024-05-03 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

A new report says China's $229 billion military budget in 2022 was actually equivalent to $711 billion. AdvertisementIn June 2023, Sen. Dan Sullivan of Alaska warned Congress that China's military was catching up to America's faster than previously imagined. That makes Beijing's spending in 2022 "nearly equal" to the US defense budget of about $740 billion that year, wrote Eaglen, a senior fellow at AEI. Using that factor, Eaglen wrote that it's highly likely China's spending on personnel that year was worth $293 billion of US military spending. US military spending is also often cited as higher than the actual defense budget.

Persons: —, Sen, Dan Sullivan, Mackenzie Eaglen, Sullivan, Eaglen, haven't Organizations: AEI, Service, Republican, American Enterprise Institute, Pentagon, Beijing, United Nations, Labor, US Army, People's Armed Police, Liberation Army's, Publishing, Getty, China's, Guard Locations: Alaska, Beijing, Washington, China, Nanning, South, Guangxi Zhuang Autonomous, United States

☆ Russia is displaying its war 'trophies' — an array of captured Western hardware like Abrams and Leopard tanks — saying 'victory is inevitable'
▼ + stars: | 2024-05-02 | by ( Matthew Loh | ) www.businessinsider.com time to read: +1 min

Russia is using an open-air exhibition to boast about its "trophies" from the war in Ukraine. The exhibition featured more than 30 NATO vehicles taken from Ukrainian forces, like an Abrams tank. AdvertisementRussia launched an open-air exhibition on Wednesday showing off more than 30 North Atlantic Treaty Organization vehicles that it captured from Ukraine. Among the seized assets on display were a US-made Abrams tank, a German Leopard tank, a British Husky support vehicle, and dozens of vehicles from countries like France, Sweden, and Australia. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: NATO, Service, Atlantic Treaty Organization, British Husky, M1A1 Abrams, Business Locations: Russia, Ukraine, US, German, France, Sweden, Australia

☆ Photos show Russia flaunting its war spoils, including a Howitzer, Leopard 2, Bradley, and other modern weapons from over a dozen NATO countries
▼ + stars: | 2024-05-02 | by ( Matthew Loh | ) www.businessinsider.com time to read: +1 min

Russia's monthlong open-air exhibition features more than 30 vehicles captured in the Ukraine war. Many of them are NATO-made, including the US Bradley and Abrams, as well as the German Leopard 2. 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 . This story is available exclusively to Business Insider subscribers.

Persons: Abrams, — Organizations: NATO, US Bradley, Service, Russia's International Workers, Business Locations: Ukraine, Russia

☆ The cancer-stricken winner of the $1.3 billion Powerball jackpot in Oregon will get a $422 million lump-sum after taxes and says he'll keep playing the lottery
▼ + stars: | 2024-04-30 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Read previewThe winner of Oregon's $1.3 billion Powerball jackpot is a 46-year-old Laos-born immigrant who opted to take his winnings in a lump-sum payment — meaning he'll get $422 million. AdvertisementThe total amount to be received by Saephan, his wife, and Chao is $422,309,193.97 after taxes, per the Oregon Lottery. Previously, the biggest Oregon jackpot was announced in 2005 and worth $340 million. The Oregon Lottery said ticket sales have since 1985 earned some $15.5 billion that goes toward parks, schools, veteran services, and other state expenses. AdvertisementThe biggest-ever lottery jackpot in the US was $2.05 billion, won by Edwin Castro in California in November 2022.

Persons: —, Cheng Saephan, he's, Saephan, who's, he'd, Laiza Chao, Chao, Edwin Castro Organizations: Service, Business, Oregon Lottery, Powerball Locations: Laos, Portland, Oregon, California, Texas , Arizona, Georgia , New Jersey, Maryland

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