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☆ Biden's move to send $1 billion in weapons to Israel could backfire
▼ + stars: | 2024-05-15 | by ( Mikhaila Friel | Tom Porter | ) www.businessinsider.com time to read: +5 min

Read previewThe US plans to send more than $1 billion in arms and ammunition to Israel despite growing tensions between President Joe Biden and Israel's Prime Minister Benjamin Netanyahu. Getting the weapons to Israel could be a lengthy process. AdvertisementBiden later warned he would withhold additional weaponry if Israel went ahead with a widespread ground assault on the city. Seth Binder, an expert on US weapons sales with the Middle East Democracy Center, told the Journal that Biden's apparent U-turn weakens his influence over Netanyahu. Analysts say that Biden's handling of the Gaza war is among the issues corroding his support among them.

Persons: —, Joe Biden, Benjamin Netanyahu, Biden, Israel, Nathan Howard, Netanyahu —, Seth Binder, Netanyahu, Sen, Chris Van Hollen, BRENDAN SMIALOWSKI, he's, Dave Harden Organizations: Service, Israel's, Officials, Street Journal, Business, CNN, White, Getty, Middle East Democracy Center, Washington Post, Pentagon, Israel, Gaza, US Agency for International Development, West Bank, BBC Locations: Israel, Gaza, Rafah, Washington , DC, Iran, Lebanon, Damascus, Syria

☆ US jamming technology is significantly worse than Russia's, ex-Pentagon officials warn
▼ + stars: | 2024-05-14 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Read previewThe US has been outclassed by its rivals, such as Russia, in its capacity to remotely take out enemy weapons using jamming technology, according to former US military officials. He called on the US to get more creative to regain its dominance in electronic warfare. AdvertisementLast year, Ukraine's outgoing senior commander, Valery Zaluzhnyi, in an interview with The Economist, said Russia's electronic warfare capability had given it an important edge. The US is closely studying the conflict for information on how to improve its electronic warfare systems. In May, Defense News that the Pentagon is spending millions on developing new electronic warfare systems and technology to evade GPS jamming.

Persons: —, Mike Nagata, Nagata, they've, Valery Zaluzhnyi, Mark Cancian, Grant Shapps Organizations: Service, US Army, Business, Russia, US, Defense News, Pentagon, Center for Strategic, International Studies, Department of Defense Locations: Russia, Ukraine, United States, Tampa , Florida, Europe

☆ Alice Munro, Nobel Laureate and Master of the Short Story, Dies at 92
▼ + stars: | 2024-05-14 | by ( Anthony Depalma | ) www.nytimes.com time to read: +1 min

Her family announced the death, at a care home, to the Canadian newspaper The Globe and Mail. A representative of her publisher, Penguin Random House Canada, said Ms. Munro died in Port Hope, on Lake Ontario, east of Toronto, The Associated Press said. Ms. Munro was a member of the rare breed of writer, like Katherine Anne Porter and Raymond Carver, who made their reputations in the notoriously difficult literary arena of the short story, and did so with great success. Ms. Munro’s stories were widely considered to be without equal, a mixture of ordinary people and extraordinary themes. She portrayed small-town folks, often in rural southwestern Ontario, facing situations that made the fantastic seem an everyday occurrence.

Persons: Alice Munro, Munro, Katherine Anne Porter, Raymond Carver Organizations: Canadian, Globe, Penguin Random House, The Associated Press Locations: Ontario, Penguin Random House Canada, Port Hope, Lake Ontario, Toronto

☆ North Korea may have given Russia shoddy weapons built in the 1970s to fire at Ukraine
▼ + stars: | 2024-05-14 | by ( Tom Porter | ) www.businessinsider.com time to read: +1 min

Russia is believed to be using North Korean missiles and shells in its invasion of Ukraine. North Korean shells are often defective and blow up before being fired, reports claim. South Korean intelligence said Monday it suspects the weapons may date from the 1970s. AdvertisementRussia is using North Korean artillery shells in its invasion of Ukraine that may have been made in the 1970s, South Korean media reported. South Korean intelligence, the National Intelligence Service (NIS), told news agency Yonhap that it's reviewing reports that North Korea has supplied its ally Russia with weapons made five decades ago.

Persons: — Organizations: Korean, Service, National Intelligence Service, Business Locations: Russia, Ukraine, North, South, Korea, North Korea

☆ Neom's push for foreign investment is getting trickier after allegations of Saudi brutality
▼ + stars: | 2024-05-13 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

Saudi Arabia needs foreign businesses to help it realize its Neom megacity project. The BBC reported that Saudi officials were given a license to use lethal force to clear land. But underneath the image is a far darker reality, say campaigners, which could threaten the foreign cash and expertise Saudi Arabia needs to realize its ambitions. Though his decision took place in 2022, it was given new urgency by a whistleblower giving more detail on how Saudi officials may have acted. Amnesty International said businesses ought to be wary of doing deals in Saudi Arabia and called for UK officials to push for an independent investigation into the Neom land clearances.

Persons: —, Malcolm Aw, Col Rabih Alenezi, Dana Ahmed, Mohammed bin Salman, Jamal al, Neom Organizations: BBC, Saudi, Service, UN, Telegraph, Amnesty International, Amnesty, Politico, The Atlantic Council, Business Locations: Saudi Arabia, Saudi

☆ Michael Cohen testifies
▼ + stars: | 2024-05-13 | by ( Justin Porter | ) www.nytimes.com time to read: +1 min

Michael Cohen, Donald Trump’s onetime fixer and now the star witness at his criminal trial, today described for jurors how Trump told him to pay off Stormy Daniels: “Just do it.”The testimonies of Cohen and Daniels are intended to show jurors that Trump falsified business records to cover up a $130,000 payment to buy Daniels’s silence about a sexual encounter. Trump faces 34 felony counts related to the records, and probation or up to four years in prison if convicted. Cohen testified that when Trump ordered him to pay Daniels off, Cohen financed the payment with a home equity line of credit. The former Trump fixer’s testimony ground away at the defense’s assertion that Trump wasn’t aware of Cohen’s actions. Instead, Cohen testified, Trump was a micromanager in the process to head off a story that would have been “catastrophic” for his presidential campaign in 2016.

Persons: Michael Cohen, Donald Trump’s, Trump, Stormy Daniels, “, Cohen, Daniels Organizations: Trump

☆ Energy CEO said he canceled a $100M contract with Neom when he realized the Saudis were bulldozing villages to make space
▼ + stars: | 2024-05-10 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

Malcolm Aw said he pulled out of a Neom contract because of alleged Saudi human rights abuses. AdvertisementA green energy founder pulled out of a $100 million Neom contract after he realized that the Saudis were bulldozing villages to make way for the megacity. AdvertisementHowever, satellite images analyzed by the BBC showed three villages, including schools and hospitals, were destroyed to make way for Neom. Aw's company uses solar energy for desalination, while most desalination plants burn fossil fuels and have been found to pollute oceans. "You know, we have the technology to solve the [green energy] problem that people are complaining about today.

Persons: Malcolm Aw, —, Neom, Mohammed bin Salman's, Aw, Col Rabih Alenezi, Abdul Rahim al, Aw Boon Haw, Fatima al, Shawarbi, there's Organizations: Solar Water, Service, Solar, Saudi, BBC News, BBC, Neom, UN, BI, Bloomberg Locations: Saudi, Saudi Arabia, Dubai, Qatar, Neom

☆ An alleged plot to assassinate Zelenskyy gives an alarming look into how deeply Russia can penetrate his inner circle
▼ + stars: | 2024-05-08 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Read previewUkraine's security service, the SBU, said on Tuesday that it had foiled the latest Russian plot to assassinate Ukraine's President Volodymyr Zelenskyy and other top officials. Among those allegedly involved in the planned assassinations were senior members of Ukraine's government protection service. Last year, the Ukrainian president said he was aware of so many plots against his life since the start of the war he'd lost count. Related storiesAccording to SBU, the men involved in the latest plot were working as part of a network of agents for the Russian FSB security service. It's alleged that the plotters had planned to kill Budanov by Orthodox Easter (May 5) and the mission was "supposed to be a gift to [Russian President Vladimir] Putin's inauguration."

Persons: —, Volodymyr Zelenskyy, Mark Episkopos, he'd, SBU, Artem Dehtiarenko, Vasyl Malyuk, Kyril Budanov, It's, Budanov, Vladimir, Putin's, Maxim Mishustin, Dmytro Perlin, Aleksii Organizations: Service, Business, Eurasia Research, Quincy Institute, Responsible Locations: Eurasia, Russia, Russian

☆ Israel's attack on Rafah shows the troubling limits of Biden's influence
▼ + stars: | 2024-05-07 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

Read previewEarly on Tuesday, Israeli tanks seized control of the vital Rafah border crossing between Gaza and Egypt. But throughout its eight-month war, Israel has shown that it is willing to reject and ignore the advice of its most important international ally, the US. Israel on Monday warned civilians in eastern Rafah to evacuate, indicating that an attack may be imminent. His coalition is fragile, and he relies on the support of far-right lawmakers who are demanding an attack on Rafah. AdvertisementThe Gaza war has repeatedly threatened to spill into a wider regional conflict, and scenes of new civilian suffering in Rafah could intensify that threat.

Persons: —, Joe Biden, Benjamin Netanyahu, Matt Duss, Biden, John Kirby, Netanyahu, Israel Biden, Israel, JIM WATSON, He's, Aaron David Miller, Dave Harden Organizations: Service, Hamas, Israeli, Business, Washington, Center for International, House, Monday, Biden, Getty, US, Carnegie Endowment, International Peace, Wall Street, New York Times, US Agency for International Development, West Bank, BBC Locations: Gaza, Egypt, Israel, Rafah, Ukraine, Israel —, Qatar, New York City, Palestinian, Saudi Arabia

☆ How the US became hooked on sports betting – and the cost it’s having on lives
▼ + stars: | 2024-05-03 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +11 min

“I noticed all my memories were really gambling related,” Malek explains to CNN Sport. So right where the AGA and the National Council for Problem Gambling is located – the nation’s capital – they abolished all public funds for problem gambling,” adds Whyte. Ramon Zelaya, the moderator of Reddit’s problem gambling forum, concurs. “I think the pace of innovation right now, particularly as it relates to fan engagement and betting, and in play betting and live betting will continue to increase,” said Maloney. Reportedly there were two specific games in which DraftKings Sportsbook flagged prop bets involving Porter in its daily betting insights.

Persons: CNN —, Saul Malek, he’d, “, ” Malek, I’d, Malek, ”, Michael Reaves, Getty, Dominick Reuter, Joe Maloney, ” Maloney, ” Keith Whyte, Maloney, “ We’re, Al Bello, Whyte, “ We’ve, LeBron James ’, DraftKings, you’re, Greg Olsen, Jared C, Tilton, Adam Silver, Silver, Ramon Zelaya, ” Zelaya, “ I’ve, Sportradar, expained, Candice Ward, Reuters Maloney, Jontay Porter, Porter, “ It’s, Brian Sevald Organizations: CNN, CNN Sport, Gamblers Anonymous, Saturday’s Kentucky Derby, Kentucky Derby, Supreme, District of Columbia, Super, American Gaming, Monmouth, Getty, “, Republicans, National Council, Belmont Park, ESPN, NCAA, NFL, NASCAR Hall of Fame, NBA, Reuters, Sporting, Toronto Raptors Locations: Saturday’s, Churchill, Nevada, Monmouth, Oceanport , New Jersey, AFP, America, New York, Belmont, District, –, North Carolina

☆ China is building a huge network of satellites that could be used against US troops: intel chief
▼ + stars: | 2024-05-03 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

China has developed a large network of military satellites. AdvertisementChina has developed a network of hundreds of military satellites that could be used to target US troops, a Pentagon official warned. Maj. Gen. Greg Gagnon, deputy chief of space operations for intelligence, told a conference on Thursday that China had developed a sophisticated military satellite program. He said it could be used to track and target US troops moving to defend Taiwan, Defense One reported. "For the first time in decades, US leadership in space and space technology is being challenged," Meink added.

Persons: —, Greg Gagnon, Gagnon, we're, America —, Troy Meink, Space.com, Meink Organizations: Pentagon, Service, Defense, National Reconnaissance Office Locations: China, Taiwan, America, Colorado

☆ A NATO country said it could join Ukraine's war with Russia if 2 conditions are met
▼ + stars: | 2024-05-03 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

His remarks about French soldiers defending Ukraine are among the most hawkish by a Western leader. AdvertisementFrance's President Emmanuel Macron reaffirmed that he would consider sending French troops to Ukraine, and spelled out the conditions in which this could place. He added that if Russia defeats Ukraine it would then likely seek to attack another European country. Related storiesMacron's remarks about sending French troops to defend Ukraine were among the most hawkish by a Western leader. The Kremlin's spokesman, Dmitry Peskov, in response to Macron's earlier remarks, said that deploying NATO troops to Ukraine would lead to war between Russia and the alliance.

Persons: Emmanuel Macron, —, Macron, Vladimir Putin, I'm, Dmitry Peskov, Peskov, Ruth Deyermond Organizations: Service, NATO, Ukraine, RFE, RL, Business Locations: Ukraine, France, Russian, Europe, Russia

☆ A NATO country says it could join Ukraine's war with Russia if 2 conditions are met
▼ + stars: | 2024-05-03 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

AdvertisementFrench President Emmanuel Macron reaffirmed that he'd consider sending French troops to Ukraine and spelled out the conditions in which this could place. He added that if Russia defeated Ukraine, it would then probably seek to attack another European country. Related storiesMacron's remarks about sending French troops to defend Ukraine are among the most hawkish by a Western leader. In response to Macron's earlier remarks, the Kremlin's spokesperson, Dmitry Peskov, said deploying NATO troops to Ukraine would lead to war between Russia and the alliance. Analysts recently discussed with Business Insider the likelihood of Russia attacking NATO, with the Russian-military expert Ruth Deyermond saying Putin's regime was too weak militarily to risk a direct confrontation with NATO.

Persons: Emmanuel Macron, —, Macron, Vladimir Putin, I'm, they've, Dmitry Peskov, Peskov, Ruth Deyermond Organizations: Service, NATO, Ukraine, Russia, Radio Free, Radio Liberty, Analysts, Business Locations: Ukraine, France, Russian, Europe, Russia, Radio Free Europe

☆ Who is Hope Hicks, longtime Trump aide who is testifying in NY hush money case?
▼ + stars: | 2024-05-03 | by ( Michelle Shen | ) edition.cnn.com time to read: +8 min

Washington CNN —Hope Hicks, once a longtime trusted aide in Donald Trump’s inner circle, is testifying Friday in the New York hush money trial after being subpoenaed. As CNN reported previously, Hicks appeared before the grand jury last year before Trump was indicted, as did Trump counselor Kellyanne Conway. According to reporting from “The Divider: Trump in the White House, 2017-2021,” Trump is quoted as saying, “Well, Hope doesn’t believe in me.”“No, I don’t,” Hicks replied, according to the book. “Nobody’s convinced me otherwise.”In October 2022, Hicks testified before the House select committee investigating the January 6, 2021, Capitol riot. In a video clip played by the committee, Hicks testified about a conversation she had with Trump after the election, regarding his baseless claims of election fraud.

Persons: Washington CNN — Hope Hicks, Donald Trump’s, “, ” Hicks, Hicks, Trump, Kellyanne Conway, Cohen, Stormy Daniels, Rob Porter, Trump’s, Porter, ” Trump, Hope doesn’t, ”, “ Nobody’s, Trump “, ’ ” Hicks, Daniels, ” Cohen, Prosecutors, upended, –, David Pecker, Dylan Howard, Stephanie Clifford, I’ve, Sheila Jackson Lee, Jerry Nadler, Nadler, ’ Organizations: Washington CNN, CNN, Trump, Trump Organization, White, House Intelligence, Fox News, Trump White, House, Capitol, Politico, US, of, American Media Inc, AMI, National Enquirer, FBI, ” Prosecutors, Democratic Rep, New York Democrat Locations: New York, Southern, of New York, Trump’s

☆ Cheers, Fears and ‘Le Wokisme’: How the World Sees U.S. Campus Protests
▼ + stars: | 2024-05-03 | by ( Catherine Porter | ) www.nytimes.com time to read: 1 min

The world is watching what is happening on American campuses with shock, pride, relish and alarm. Scenes from the protests — and of the arrests of protesters — have been top news around the world from Bogotá to Berlin, Tehran to Paris. In some countries, including France, students have staged protests of their own, though not with the scale and intensity of those in the United States. Others, particularly in countries ruled by authoritarian regimes, view the crackdowns as proof of America’s hypocrisy on human rights and freedom of speech. In some ways, the protests and the response to them are a Rorschach test for the world — the analysis often offering more insight into local politics than into America.

Locations: Bogotá, Berlin, Tehran, Paris, France, United States, America

☆ A new Saudi-US deal to reshape the Middle East is taking shape — but Israel can't join while it's still at war
▼ + stars: | 2024-05-02 | by ( Tom Porter | ) www.businessinsider.com time to read: +1 min

A new Saudi-US security deal is being negotiated, reports said. It resembles the deal that was forming before it was derailed on October 7 by the Hamas terror attacks. A deal dubbed "plan B" Israel is, for now, excluded because of its war on Gaza. AdvertisementThe US and Saudi Arabia are said to be drawing closer to a historic deal that could reshape the Middle East — by sidestepping the vexed issue of Israel's war in Gaza. This story is available exclusively to Business Insider subscribers.

Persons: —, sidestepping Organizations: Service, Bloomberg, Business Locations: Saudi, Israel, Gaza, Saudi Arabia, Iran

☆ Russia may not start an all-out war with NATO, but already has plans to destroy it from within
▼ + stars: | 2024-05-01 | by ( Tom Porter | ) www.businessinsider.com time to read: +9 min

Late last year, Poland's national security agency estimated that Russia could attack NATO within three years. AdvertisementBut whether Putin really does intend to attack NATO and what an attack might look like remains unclear. In March, Putin denied having any plans to attack NATO members, describing such claims as "complete nonsense." "So, his ambition in growing is not going to be that he will attack NATO and NATO countries next year. A covert war is already underwayRussia, some point out, is already engaged in a war with NATO, albeit covertly.

Persons: —, Donald Tusk, Tusk, Putin, Emmanuel Macron, NATO Putin, Philip Ingram, Ingram, Ruth Deyermond, Bryden Spurling, Robert Dover, Spurling, that's, SERGEY BOBOK, Russia's Organizations: Service, Poland's, Business, Bild, NATO, Germany isn't, Ukraine, King's College London, RAND Corporation, University of Hull, European NATO, RAND, Ukrainian Territorial Defence Forces Locations: Europe, Russia, Ukraine, Eastern Europe, Baltic, Estonia, Lithuania, Latvia, Germany, Washington, Russian, NATO, European, Kharkiv, Soviet Union

☆ China's plan to be the dominant power in space is moving at breathtaking speed. The US needs to wake up, officials say.
▼ + stars: | 2024-04-30 | by ( Tom Porter | ) www.businessinsider.com time to read: +7 min

Read previewAfter a meeting with Japanese and South Korean officials in Tokyo on Friday, US Space Force commander Gen. Stephen Whiting warned about a growing threat. China, he said, is "moving at breathtaking speed in space," and is developing a range of weapons that threaten America's space supremacy, reported Stars and Stripes. "For the first time in decades, US leadership in space and space technology is being challenged," Meink added. Chance Saltzman, Chief of Space Operations at United States Space Force, last year warned against taking US space supremacy for granted. Air Force Lieutenant General Gregory Guillot (L) and US Space Force Lieutenant General Stephen Whiting (R) on July 26, 2023.

Persons: —, Stephen Whiting, They're, Troy Meink, Space.com, Meink, Chance Saltzman, I'm, Saltzman, Whiting, Dominic Chiu, Gregory Guillot, BRENDAN SMIALOWSKI, Donald Trump, Chiu, Artemis, Frank Lucas, Anthony Mastalir, Graeme Thompson, Thompson, Tory Bruno, Arthur Herman, John F, Kennedy, Ronald Reagan, we've Organizations: Service, Korean, Space Force, Business, National Reconnaissance Office, Space Operations, United States Space Force, Eurasia Group, Air Force, US Space Force, House Science, Technology Committee, Brig, US Space Forces, Pentagon, United Launch Alliance, NBC News, Hudson Institute Locations: Tokyo, China, Colorado, Australia, Russia

☆ Exhausted Ukrainian soldiers need more troops on the front line, not just more artillery, says former US general
▼ + stars: | 2024-04-29 | by ( Tom Porter | ) 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. Related storiesUkraine has long faced problems recruiting enough troops to renew its military, exhausted and badly depleted after more than two years of brutal war with Russia. AdvertisementAccording to reports, units on the front line are seriously overstretched, and troops have to fight for weeks in some cases before they are rotated away from the front line to recuperate. "Truthfully, and I know some of my artillery brethren would chide me for this, but artillery and long-range systems do not win war," he said. Ukraine has not been able to do that to the extent they need to with some of the terrains they've lost to Russia."

Persons: —, Mark Herlting, Hertling, Valerii Zaluzhnyi, Volodymyr Zelenskyy Organizations: Service, CNN, Business, US Army Locations: Ukraine, Russia, Europe

☆ Magnificent 7 is not a monolith in this stock picker's market, says Alison Porter
▼ + stars: | 2024-04-29 | 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 EmailMagnificent 7 is not a monolith in this stock picker's market, says Alison PorterAlison Porter, Portfolio Manager of the Global Technology Fund at Janus Henderson, discusses mega-cap tech earnings, including upcoming results from Apple and Amazon.

Persons: Alison Porter Alison Porter, Janus Henderson Organizations: Global Technology Fund, Apple

☆ A City Scarred by Terrorism Prepares an Olympic Opening Without Walls
▼ + stars: | 2024-04-27 | by ( Catherine Porter | Ségolène Le Stradic | ) www.nytimes.com time to read: +1 min

A terrorist attack of 2015 that left her city angry and heartbroken persuaded Paris’s mayor, Anne Hidalgo, to campaign for the Olympic Games. “Something that is very powerful, very peaceful and allows us to move forward. So, I threw myself into it.”Nine years later, the Summer Olympics are set to open in Paris in July with France at its highest level of terrorism alert, after the attack on the Moscow concert hall last month. Yet for the first time, the opening ceremony will not be held inside the barricaded confines of a stadium. Instead, athletes will float in boats down the Seine River through the heart of the dense, ancient city before half a million spectators packed into stands and leaning out of windows.

Persons: Paris’s, Anne Hidalgo, “, ”, Charlie Hebdo Organizations: Olympic Locations: Paris, France, Moscow

☆ The US relationship with China is entering a dangerous era. Time may be running out to save it.
▼ + stars: | 2024-04-26 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

There was a risk, he said, that US-China relations could "return to a downward spiral." As such, the US-China relationship appears to have entered a dangerous period, and time may be running out to save it. The US has handed Ukraine billions in aid and military support to resist the invasion, with a new $61 billion bill passing this week. AdvertisementBlinken said he raised concerns about China's support for Russia in its invasion of Ukraine. Blinken will have to overcome several hurdles for US-China relations to improve.

Persons: —, Antony Blinken's, Xi Jinping, Wang Yi, Xi, Joe Biden, Ali Wyne, Wang, Blinken, Ian Bremmer Organizations: Service, Business, US, West, International Crisis, Russia, Eurasia Group, Bloomberg Locations: China, Ukraine, loggerheads, Taiwan, Washington, Beijing, US, Western Europe, Russia

☆ Audacious Ukrainian drone attacks keep doing massive damage to Russia's oil industry
▼ + stars: | 2024-04-25 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

The strikes are doing serious damage to Russia's oil and gas sector. Bloomberg reported that Russia's oil refining is at an 11 month low. AdvertisementBloomberg earlier this week reported that Russia's oil refining is at an 11-month low because of flooding and Ukraine's drone campaign. Ukraine's attacks on Russian oil depots are one of the few bright spots in its war in recent months. "Future Ukrainian drone strikes may disable and disrupt more of Russia's refining capacity and inflict critical constraints on Russian refining that begin to substantially impact Russia's production of distillate products," the analysts said.

Persons: —, Joe Biden's Organizations: Bloomberg, Service, AFP, Metallurgical, The Locations: Ukraine, Russia, Russia's Smolensk, Lipetsk, Russia's, Ukraine's, US

☆ US weapons could start arriving in Ukraine within days, but it still has a major problem that aid can't fix
▼ + stars: | 2024-04-24 | by ( Tom Porter | ) www.businessinsider.com time to read: +1 min

US weapons could begin arriving in Ukraine in a matter of days, according to The New York Times. Russia is intensifying attacks on Ukraine in the window before aid arrives. There is a vital problem that US aid can't fix: a lack of Ukrainian troops. According to The New York Times, US weapons could start arriving in Ukraine within days. And it still has a major problem that aid can't fix: a lack of troops.

Persons: — Organizations: The New York Times, Service, Business Locations: Ukraine, Russia

☆ The US is weighing using the power of the dollar to stop Chinese banks aiding Russia — but its plan could backfire
▼ + stars: | 2024-04-23 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

Chinese banks are helping to aid Russia's invasion of Ukraine, the US alleges. The US is considering sanctions to cut Chinese banks off from the dollar, according to The Wall Street Journal. AdvertisementThe US is drawing up sanctions that could cause some Chinese banks to lose access to the dollar, according to The Wall Street Journal. In response to previous sanctions, Russia and China intensified efforts to create exchange mechanisms that don't rely on the dollar. Alexandra Prokopenko, a fellow at the Carnegie Russia Eurasia Center think tank, told The Wall Street Journal that regional Chinese banks had emerged that had little involvement in dollar exchanges.

Persons: —, Antony Blinken, Alexandra Prokopenko, Prokopenko, Maria Snegovaya Organizations: Wall Street, Service, Reuters, Financial, Carnegie Russia Eurasia Center, Center for Strategic, International Studies Locations: Ukraine, China, Russia, Italy, Russian

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