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☆ The US soldier who darted into North Korea was accused of punching a man and hurling insults at Koreans and the Korean army while damaging a police car while in custody months earlier
▼ + stars: | 2023-07-19 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +3 min

The US soldier who crossed into North Korea has been accused of assault and damaging a police car. Travis King is believed to be in North Korean custody after he crossed a border into the country. He had been held in a South Korean prison over assault charges before the incident. He was accused of repeatedly punching a man in the face at a club on September 25 of last year, Reuters reported, citing court records in Seoul, South Korea. Meanwhile, King's mother, Claudine Gates, told ABC News that she was shocked to learn that her son had crossed into North Korea.

Persons: Travis King, Soldier Travis King, Defense Lloyd Austin, King, King's, Claudine Gates, Travis, Gates Organizations: Service, US Army, Defense, Associated Press, Reuters, Authorities, Korean, Court, ABC News, Daily Locations: North Korea, North, Korean, Wall, Silicon, South Korea, Seoul, profanities, Fort Bliss , Texas

☆ University Departures Put Student Journalists in Spotlight
▼ + stars: | 2023-07-19 | by ( Katie Robertson | More About Katie Robertson | ) www.nytimes.com time to read: +1 min

Mr. Baker, 18, resurfaced claims in a Nov. 29 article for The Stanford Daily that neuroscience research papers in which Dr. Tessier-Lavigne was listed either as principal author or co-author had altered imagery. The claims had been repeated over the years on PubPeer, a website that allows scientists to discuss research. The next day, Stanford University opened an investigation into Dr. Tessier-Lavigne with a panel of outside scientists. Dr. Tessier-Lavigne denied those claims. “That allegation appears to be mistaken, as Genentech has stated,” the panel’s report said, though it noted “multiple problems” with the 2009 study.

Persons: ”, Theo Baker, . Baker, Tessier, Lavigne, Lavigne “, Genentech, . Tessier Organizations: Stanford Daily, Stanford, Stanford University

☆ Apple tests generative AI tools to rival OpenAI's ChatGPT - Bloomberg News
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +2 min

July 19 (Reuters) - Apple (AAPL.O) is working on artificial intelligence (AI) offerings similar to OpenAI's ChatGPT and Google's Bard, Bloomberg News reported on Wednesday, sending its shares up as much as 2% to a record high. Apple has, however, subtly pushed advanced AI in some of its products such as Apple Photos, on device texting, and the recently launched mixed-reality headset Vision Pro. Apple's core AI product, voice assistant Siri, has also stagnated over the years. The Bloomberg report said several teams are involved in the latest AI effort, which is led by John Giannandrea, the company's head of machine learning and AI, and Craig Federighi, Apple's top software engineering executive. Employees say the tool essentially replicates Bard, ChatGPT and Bing AI, and works as a web application.

Persons: Google's Bard, Apple, Siri, John Giannandrea, Craig Federighi, ChatGPT, Bing, Yuvraj Malik, Devika Organizations: Bloomberg, Microsoft, Nvidia, Apple, Employees, Thomson Locations: Bengaluru

☆ Apple stock pops on report it's developing its own equivalent of ChatGPT
▼ + stars: | 2023-07-19 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Apple stock popped briefly Wednesday after a Bloomberg News report said the company was developing its own artificial intelligence large language model internally. The move signals Apple is taking recent advances in AI technology seriously and is considering integrating them into future products. For the past year, technologists and investors have been enamored of large language models, an AI technology that can turn out text or code that looks like a human wrote it. Some Apple staffers believe the company is aiming for a significant AI announcement next year, according to the report. Aside from LLMs, Apple uses a lot of machine learning in its products, from Siri speech recognition to the ability of the Photos app to detect faces and pets.

Persons: Siri Organizations: Apple, Bloomberg, Ajax, Microsoft, Google, Meta, Qualcomm

☆ Private equity firm One Equity investigated by SEC - WSJ
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: 1 min

July 18 (Reuters) - The U.S. Securities and Exchange Commission is investigating private equity firm One Equity over communications with investors, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. One Equity, which was once JPMorgan Chase's (JPM.N) buyout arm, has recently been in settlement talks with regulators that have sought a fine of as much as $5 million, although One Equity has not agreed to that amount and the penalty could be lower, the WSJ report said. Reporting by Gursimran Kaur in BengaluruOur Standards: The Thomson Reuters Trust Principles.

Persons: JPMorgan Chase's, Gursimran Kaur Organizations: U.S . Securities, Exchange Commission, Equity, Wall Street, JPMorgan, Thomson Locations: Bengaluru

☆ US opens special probe into fatal Tesla crash
▼ + stars: | 2023-07-18 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

[1/2] Tesla Model 3 vehicles are shown for sale at a Tesla facility in Long Beach, California, U.S., May 22, 2023. Since 2016, the U.S. auto safety regulator has opened more than three dozen Tesla special crash investigations in cases where systems such as Autopilot were suspected of being used, with 22 crash deaths reported through Tuesday. The Tesla driver suffered serious injuries and two other Tesla passengers suffered moderate injuries. A local California fire department said a Tesla struck one of its fire trucks and that the Tesla driver was pronounced dead at the scene. The other investigation in March involves a 2022 Tesla Model Y that struck and seriously injured a 17-year-old student who got off a school bus in North Carolina.

Persons: Mike Blake WASHINGTON, Tesla, David Shepardson, Doina Chiacu, Chizu Nomiyama, Deepa Babington Organizations: Tesla, REUTERS, Traffic Safety Administration, Subaru Impreza, Patrol, Subaru, California Highway Patrol, NHTSA, Thomson Locations: Long Beach , California, U.S, California, South Lake, Contra Costa County , California, North Carolina

☆ US startups are having a bad year. Relief isn’t coming
▼ + stars: | 2023-07-18 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Across the country, in Silicon Valley, the situation isn’t quite as good. For decades Silicon Valley has been a dominant contributor to the US economy and an integral part of the country’s culture. Bankruptcy filings…less so.”Pitchbook and The National Venture Capital Association’s most recent report on the industry also takes a pessimistic view of the situation. What it means: While startups are certainly far from extinct, there has been a serious culling in Silicon Valley that will likely continue on for some time. Just 19% of venture capital deals were made with startups based in the Bay Area this year; that’s down from 22% in 2020.

Persons: haven’t, Tom Loverro, IVP, Pitchbook, ”, dealmakers, Goldman Sachs, Morgan Stanley, they’ll, they’re, Elizabeth Warren, Tesla, Elon Musk, Ramishah Maruf, Elon, “, ” Warren, funneling Tesla, Warren, Gary Gensler, Linda Yaccarino, Musk, CNN’s Justin Gamble, Bill Clinton, Jonah Bryson, “ We’ve, Michael D, Smith Organizations: CNN Business, Bell, New York CNN, Apple, Microsoft, Venture, National Venture Capital, Goldman, Center for Research, Bank, SEC, Twitter, Securities and Exchange, AmeriCorps, CNN Locations: New York, Silicon Valley, Silicon, Massachusetts, America

☆ Putin's military supply routes are being blocked by Russian tourists after he encouraged them to go on holiday in Crimea, report says
▼ + stars: | 2023-07-18 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

Russian tourists are snarling up military supply routes near Crimea, a report said. The Institute for the Study of War described the Kerch bridge as one of two supply routes for Russian forces in southern Ukraine battling to resist a Ukrainian counteroffensive. Russian tourists in the resort town of Alushta on the Crimean peninsula on June 18, 2023. Despite this, Russian President Vladimir Putin had ordered Russian military vehicles to help ferry tourists to the location, it said. In the wake of Sunday's attack, Putin urged tourists to avoid the Kerch bridge and instead take the route through occupied east Ukraine.

Persons: OLGA MALTSEVA, Vladimir Putin, Putin Organizations: Service, Kremlin, Institute for, Getty, Moscow Times, Daily Locations: Crimea, Crimean, Wall, Silicon, Kerch, Russia, Ukraine, Ukrainian, Russian, Alushta, AFP

☆ Another Russian energy war is a real threat to Europe, IEA warns
▼ + stars: | 2023-07-18 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

A colder winter and lower gas exports from Moscow would bring energy uncertainty back to Europe. Russian gas accounts for about 10% of gas imports to the European Union, but the country was once the region's main supplier. Still, thanks to last year's mild winter, the EU was left with high gas storage levels, standing 60% above their five-year average. The uncertainty behind these risks means wider volatility for Europe's gas storage. The IEA also lowered its medium and long-term outlook on the commodity's demand, as it's been damaged by Russia's war in Ukraine.

Organizations: International Energy Agency, Service, European Union, IEA Locations: Moscow, Europe, Wall, Silicon, Ukraine, Russia, Northern Europe, EU

☆ UK set to secure commitment from Tata's JLR for new EV battery plant - Bloomberg
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +1 min

LONDON, July 18 (Reuters) - Britain is set to secure a commitment from Tata's Jaguar Land Rover to build a battery plant in southwest England to supply a new range of electric Jaguar and Land Rover vehicles, Bloomberg reported on Tuesday. India's Tata has chosen a site in Somerset, the Bloomberg report said, citing people familiar with the plans. The company is set to outline its decision as soon as this week, the report added. A government spokesperson said there was no update on any timelines for an announcement. Reporting by Muvija M and Alistair Smout; editing by William JamesOur Standards: The Thomson Reuters Trust Principles.

Persons: India's Tata, Tata, Rishi Sunak's, Muvija M, Alistair Smout, William James Our Organizations: Rover, Bloomberg, Britain, Thomson Locations: Britain, England, Somerset, Spain

NO CANCELLATIONS YETDemand for travel has soared again this summer as tourists leave behind years of pandemic restrictions, and travel companies say the heat hasn't caused many cancellations - yet. Stories of tourists being airlifted off Italian beaches or ferried away in ambulances from Athens' Acropolis have flooded European media in recent weeks. Italy's Environment Ministry warned in a report this year that foreign tourists would in future travel more in the spring and autumn and choose cooler destinations. Greek authorities closed Athens' ancient Acropolis during the hottest part of the day on Friday to protect tourists. In Spain, high vacation demand is expected in coastal destinations in the north of the country and on Spanish tourist islands, where summer temperatures tend to be cooler, according to a report from national tourism association Exceltur.

Persons: Miguel Sanz, Anita Elshoy, Elshoy, Sean Tipton, Sanz, Dalphna Niebuhr, Daniel Otero, Rebeca Vazquez, Renee Maltezou, Elisa Anzolin, Angelo Amante, Corina Rodriguez, Catherine Evans Organizations: Travel Commission, EUROPE Tourists, Reuters, Ministry, Thomson Locations: ROME, Europe, Czech Republic, Denmark, Ireland, Bulgaria, Norway, Rome, Sicily, Athens, EUROPE, American, Greece, Mykonos, Spain, Bilbao, Italy, Madrid

☆ Ukraine is rushing uniforms for female soldiers after complaints that poor-fitting men's clothes are holding them back on the battlefield
▼ + stars: | 2023-07-17 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Ukrainian female soldiers say they struggle with men's baggy uniforms and equipment. The military is now testing clothing specifically for female soldiers, officials and reports said. Her sister, Julia, also serving in the military, told The Beast that women struggle without equipment to help them go to the bathroom while on the battlefield. The women's complaints line up with those previously voiced by female Ukrainian soldiers. The group had sent out free equipment to more than 5,000 female soldiers as of March, CBS News reported.

Persons: Insider's Erin Snodgrass, that's, Yevheniia, Alina, Julia, Olga Ushakova, Anastasia Mohina, Alina Pyrenko Organizations: Service, Agence France, Presse, CNN, Daily, CBS News, Associated Press Locations: Wall, Silicon, Ukrainian

☆ 4 people were wounded in a spree of rare dolphin attacks off a beach in Japan, reports say
▼ + stars: | 2023-07-17 | by ( Tom Porter | ) www.businessinsider.com time to read: +2 min

Dolphins wounded four people in attacks off the Japanese coast this weekend, according to local media. Experts say dolphins can become aggressive, but attacks are rare. Local authorities say they have so far recorded six dolphin attacks on humans this year, Asahi Shinbun reported. And last year authorities installed ultrasonic transmitters in Koshino Beach, Fukui Prefecture, after a series of dolphin attacks, according to reports. It's unclear from the reports what kind of dolphin is believed to be responsible for these recent attacks.

Persons: Asahi Shinbun Organizations: Dolphins, Service, Asahi Shinbun, Tsuruga, BBC, Asahi Locations: Mihama, Fukui prefecture, Wall, Silicon, Japan, Fukui Prefecture, Koshino Beach

☆ Italy shuts main Sicily airport until Wednesday due to fire
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +1 min

ROME, July 17 (Reuters) - The airport in the Sicilian city of Catania, close to some of the main tourist hot spots in eastern Sicily, has been shut down until Wednesday due to a fire, its management company wrote on Twitter. The fire broke out late on Sunday and there were no injuries, the airport said. Firefighters said they managed to contain the blaze about 90 minutes after it was called in, but provided no details on possible causes or any link to current high temperatures in the region. Flights at the Sicilian airport, which according to the Assoaeroporti sector group, ranked fifth for traffic in Italy last year and first on the island, have been suspended until 1200 GMT on Wednesday, the company said. The Catania airport is regularly used by tourists heading to places like Mount Etna and Taormina, which is about 70 kilometers (43.5 miles) away, and Siracusa, with its Greek Theatre and the historical centre on the Ortigia island.

Persons: Firefighters, Angelo Amante, Bernadette Baum Organizations: Twitter, Greek Theatre, Thomson Locations: Sicilian, Catania, Sicily, Palermo, Messina, Italy, Mount Etna, Taormina

☆ Ukrainian helicopter crew say women flash them as they fly overhead to boost their morale fighting Russia
▼ + stars: | 2023-07-17 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +2 min

A Ukrainian air force crew told The Sunday Times that women flash them when they fly overhead. The Ukrainian air force is trying to keep morale high as it faces a strong Russian counterpart. He said his crew saves the GPS locations of places where it happens, lighthearted moment in their dangerous and often demoralizing missions against a far superior Russian air force. The Ukrainian air force is struggling against a far better-armed Russia, Maksym said. President Volodymyr Zelenskyy told The Wall Street Journal last month that Russian air superiority would exact a heavy toll on Ukrainian soldiers if Western powers did not provide them with reinforcements.

Persons: Maksym, Volodymyr Zelenskyy Organizations: Sunday Times, Service, Times, Wall Locations: Ukrainian, Russian, Wall, Silicon, Russia, Soviet, Ukraine

☆ Threats of desertion are spreading in Russia's military as troops openly disrespect their commanders, experts say
▼ + stars: | 2023-07-17 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Insubordination is spreading through the Russian military in Ukraine, a report said. It names the dismissed officers as Major General Vladimir Seliverstov, Major General Alexander Kornev, and Major General Ramil Ibatullin. It cited Russian military bloggers, an important source of information about the Russian military, saying that authorities were also preparing to arrest Colonel General Mikhail Teplinsky. The report says that the defiance towards Russia's top commanders appears to be spreading through the ranks. The VDV servicemen are blackmailing the Russian MoD to ensure that Teplinsky continues to command troops in Ukraine," the ISW said.

Persons: Wagner, Ivan Popov, Vladimir Seliverstov, General Alexander Kornev, Ramil, Mikhail Teplinsky, Teplinsky, Sergey Shoigu, Sergey Surovikin Organizations: Institute, Kremlin, Service, Russian MoD Locations: Ukraine, Wall, Silicon, Bakhmut, Russian, Kherson, Ukrainian

☆ Here are 5 questions investors should consider when jumping into the huge rally in the 'Magnificent 7' stocks this year
▼ + stars: | 2023-07-16 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

There are five key questions for investors looking at the heavily concentrated rally in stocks this year. Though recent commentary points to artificial intelligence as the catalyst for the current tech stock surge, BofA chalks ut up to a few other factors as well. But while that period ended in consolidation and some steep losses for investors, the current tech rally differs in an important way. Today's top seven firms are much bigger than many tech firms in 2000, which signals that they can afford to deal with stiffer regulation. Investors can expect opportunities to broaden beyond the seven mega-cap stocks, and valuations for the equal-weighted S&P will exceed them.

Persons: —, BofA, Bubbles, COVID Organizations: Service, Bank of America, Nvidia, Meta, Microsoft, Apple, Big Tech, Tech, Investors Locations: Wall, Silicon

Boston Logan International Airport is currently under a ground stop due to thunderstorms, according to the Federal Aviation Administration. LaGuardia Airport in Queens was also under a ground stop due to thunderstorms, the FAA said. Weather conditions have also caused flight disruptions and a ground stop at New Jersey’s Newark Liberty International Airport, it said on Twitter. John F. Kennedy International Airport is also under a ground stop. A passenger walks past a Delta Airlines plane at a gate at Logan International Airport in Boston, Massachusetts, U.S., January 3, 2022.

Persons: “, John F, Brian Snyder, It’s Organizations: CNN, Nationwide, Boston Logan International, Federal Aviation Administration, LaGuardia, FAA, Twitter, New Jersey’s Newark Liberty International Airport, Kennedy International, Delta Airlines, Logan International Airport, Newark, JFK, JetBlue, Sunday, United Airlines, Bureau of Transportation Statistics Locations: New York City, Boston, Queens, New, Newark, Boston , Massachusetts, U.S, New York

☆ How the Russian officer elite has been decimated in Ukraine — here are the generals and top commanders killed in action
▼ + stars: | 2023-07-16 | by ( Alia Shoaib | Nathan Rennolds | ) www.businessinsider.com time to read: +16 min

Vitaly GerasimovMaj. Gen. Vitaly Gerasimov became the second senior Russian commander reported to be killed after Ukrainian military intelligence claimed he was shot dead in Kharkiv. Andrey KolesnikovUkraine's military said in a tweet that they killed Russian Maj. Gen. Andrey Kolesnikov. Ivan GrishinColonel Ivan Grishin, commander of Russia's 49th Anti-Aircraft Missile Brigade, died in Ukraine, according to the Armed Forces of Ukraine. Vyacheslav SavinovLieutenant Colonel Vyacheslav Savinov, who headed Russian artillery intelligence, was killed in Ukraine, a Russian artillery school confirmed. A damaged Russian military vehicle is seen after Russian Forces withdrawal as Russia-Ukraine war continues in Izium, Kharkiv Oblast, Ukraine on September 14, 2022.

Persons: , Oleg Tsokov, Andrei Sukhovetsky Maj, Andrei Sukhovetsky, Sukhovetsky, Vitaly Gerasimov Maj, Vitaly Gerasimov, Alexander Nevsky, Andrey Kolesnikov Ukraine's, Andrey Kolesnikov, Oleg Mityaev Russia, Oleg Mityaev, Anton Gerashchenko, Andrei Mordvichev, Oleksiy Arestovych, Ramzan Kadyrov, Yakov Rezantsev, Illia Ponomarenko, Zelenskyy, Rezantsev, Dmitry Safronov Ukraine's, Dmitry Safronov, Denis Glebov, Glebov, Courage, Konstantin Zizevsky, Mikhail Vedernikov, Yuri Agarkov, Agarkov, Andrei Zakharov, Sergei Porokhnya, Gleb Garanich, Reuters Magomed, Magomed Tushaev, Putin, Vladimir Zhonga, Vladimir Zhoga, Sergei Sukharev, Sergei Krylov, Sukharev, Alexei, Alexei Sharov, Sharov, Sergey Bratchuk, Dmitry Dormidontov, Dmitry Pavlovich Dormidontov, Igor Zharov, Igor Igoshin, Zharov, Denis Kurilo, Kurilo, Anton Kuprin, Kuprin, Anton Gerashenko, Stringer, Denis Mezhuev, Vladimir Petrovich Frolov Maj, Gen, Vladimir Petrovich Frolov, Alexander Beglov, Fontanka, Miras, Miras Bashakov, Ivan Grishin, Vyacheslav Savinov, Savinov, Metin Aktas, Denis Kozlov, Kozlov, Andrei Simonov, Simonov, Roman Kutuzov Major, Roman Kutuzov, Alexander Sladkov, Tsargrad, Roman, Roman Berdnikov, Kutuzov, Volya, Kanamat, Botashev, Artem Nasbulin Maj, Artem Nasbulin, Serhiy Bratchuk, Tsokov, Михаил Ведерников Organizations: UK Defence Ministry, Service, British Defence Ministry, West, Storm, Russian, 7th Airborne Division, Combined Arms Army, Russian Federal Security Service, Arms Army, Interior Ministry, The New York Times, 8th General Army, Southern Military District of, Armed Forces, Twitter, Telegraph, Dmitry Safronov Ukraine's Ministry of Defense, Separate Marine Brigade, Russian Armed Forces, Ukraine's Defense Ministry, Airborne, 247th Guards Air Assault Regiment, Luhansk People's, 56th Air Assault Brigade, Guardian, 12th Engineer Brigade, Russian Armoured, Carrier, Reuters, The Daily Mail, Forces, Sparta Battalion, Donetsk People's, Daily Mail, 331st Guards Parachute, Ukraine, Ukraine's, Strategic Communication, Information Security, The Independent, 810th, Zhukov Brigade, Russian Marines, Evening, Local, 200th, Rifle Brigade, Black, Fleet, Russian Federation, Ukrainian, New York Times, 1st Guards, Banner, The Times, Kremlin, 8th Army, Aircraft Missile Brigade, Armed Forces of, Russian Missile Troops and Artillery, Russian Forces, Anadolu Agency, Getty, Separate Guards Engineers of Keningsbersko, Red Banner Brigade, Courage, Russian 2nd Army, Presidential, Russian Air Force, BBC, High Mobility Artillery, Southern Military District Locations: Russia, Ukraine, Wall, Silicon, Russian, Kharkiv, Mariupol, Chornobayivka, Kherson Airport, London, Yakov Rezantsev Ukraine, Kyiv, Chornobaivka, Ukrainian, Chuhuiv, Donbas, Donetsk, Luhansk, Pskov Region, Andrei Zakharov Ukraine, Ufa, Nova Husarivka, Chechen, Hostomel, Russia's Chechnya, Donetsk People's Republic, Volnovakha, Kostroma, Tatarstan, Pechenga, Sevastopol, St, Petersburg, St . Petersburg, Armed Forces of Ukraine, Izium, Kharkiv Oblast, Izyum, Ukraine's Donbas, Severodonetsk, Kherson, Berdyansk

☆ What China's resilient big spenders are buying and the stocks that benefit
▼ + stars: | 2023-07-16 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

That's approximately how large China's "premium" consumer population is – and it's a "huge" opportunity for higher-end sportswear by foreign companies, according to Bernstein. By U.S. standards, it doesn't take much to be considered premium in China. Adidas and Nike are like Benz, BMW, the highest end, he said, while the other brands are like Audi or Toyota. For Nike and Adidas, even their lowest price is two times that of local competitors, the Bernstein analysts said. However, focusing only on the premium growth segment can overlook the fact that many of China's consumers still live in smaller cities.

Persons: Bernstein, Aneesha Sherman, Li Ning, Irving, Miao Kun, –, Hoka, — CNBC's Michael Bloom Organizations: . Census, Anta Sports, Wednesday, basketball, Adidas, Nike, Benz, BMW, Audi, Toyota, Management, P Locations: China, That's, U.S, Hong Kong, Beijing, Thursday's, Germany, eyeing, Shanghai, Chengdu

☆ South Korea's President Yoon visits Ukraine
▼ + stars: | 2023-07-15 | by ( Joyce Lee | ) www.reuters.com time to read: +2 min

Summary South Korea's Yoon to meet Ukraine's Zelenskiy - Yoon's officeS.Korea facing renewed pressure to provide weapons to UkraineS.Korea to play a role in Ukraine's reconstruction -ministrySEOUL, July 15 (Reuters) - South Korean President Yoon Suk Yeol was visiting Ukraine on Saturday for talks with President Volodymyr Zelenskiy, the South Korean presidential office said. Yoon said this week his administration was preparing to send de-mining equipment and ambulances, following a request from Ukraine, and will join NATO's trust fund for Ukraine. Zelenskiy asked Yoon to boost military support when they met for the first time in May. South Korea's Ministry of Land, Infrastructure and Transport said on Friday it planned to support the reconstruction of Ukraine's infrastructure, such as transportation, energy and industry. South Korean companies and companies in Ukraine and other countries signed agreements on Friday for cooperation in the reconstruction of Ukraine, the ministry said in a statement.

Persons: Yoon, Ukraine's, Ukraine S.Korea, Yoon Suk Yeol, Volodymyr Zelenskiy, Irpin, Zelenskiy, Andrzej Duda, Joyce Lee, Hyonhee, William Mallard Organizations: South Korean, NATO, Ukraine, South Korea's Ministry of Land, Infrastructure, Transport, Thomson Locations: Ukraine, SEOUL, Lithuania, Poland, Bucha, Kyiv, U.S, South Korea, North Korea, Seoul, Korea

[1/8] Ukraine's President Volodymyr Zelenskiy and South Korean President Yoon Suk Yeol shake hands after a joint statement, amid Russia's attack on Ukraine, in Kyiv, Ukraine July 15, 2023. South Korea is a U.S. ally and the world's ninth biggest arms exporter, according to the Stockholm International Peace Research Institute (SIPRI) think tank. In a press conference, Yoon said South Korea plans to provide "a larger scale of military supplies" to Ukraine this year, following last year's provision of non-lethal supplies such as body armour and helmets. Yoon said South Korea also plans to provide Ukraine with $150 million in humanitarian aid this year, following about $100 million in 2022. Yoon said on Saturday South Korea has delivered safety equipment and humanitarian aid that Ukraine needs, since May, including mine detectors.

Persons: Volodymyr Zelenskiy, Yoon Suk, Yoon Suk Yeol, Yoon, Zelenskiy, Yoon's, Ramon Pacheco Pardo, Pacheco Pardo, Joyce Lee, Olena, Josh Smith, Hyonhee, William Mallard, Andrew Cawthorne Organizations: South, REUTERS, NATO, Russia's, Stockholm International Peace Research Institute, Ukraine, Brussels School, Saturday, Seoul's, Seoul's Ministry of Land, Infrastructure, Transport, Thomson Locations: Ukraine, Kyiv, U.S, Seoul, SEOUL, KYIV, Lithuania, Poland, South Korea, Stockholm, North Korea, Korea, South

☆ Tucker Carlson and his former college roommate are reportedly looking to raise 'hundreds of millions' to launch a new media company
▼ + stars: | 2023-07-14 | by ( Gabriel Rivera | ) www.businessinsider.com time to read: +3 min

Tucker Carlson is teaming up with his Daily Caller cofounder to raise money for a new media venture, WSJ reported. The former college roommates want to build the platform off of Carlson's Twitter videos. Tucker Carlson has moved on from Fox News — and has his sights set on a media empire all his own. Carlson and Neil Patel, his former college roommate and fellow Daily Caller cofounder, are looking to raise "hundreds of millions of dollars" for a new business venture, The Wall Street Journal reported. In the lawsuit, Epps alleged that "Fox, and particularly Mr. Carlson, commenced a years-long campaign spreading falsehoods about Epps."

Persons: Tucker Carlson, Carlson, Neil Patel, Patel, Ray Epps, Epps, Fox Organizations: Fox News, Dominion Voting Systems, Street Journal, Twitter, Elon, Trinity College, Trump

A U.S. judge said on Thursday that Ripple Labs Inc did not violate securities law by selling its XRP token on public exchanges. Although the decision was specific to the individual case, it unleashed a wave of optimism among crypto investors that more cryptocurrencies may also not be deemed securities. Still, the enthusiasm for some was tempered by a report from the Wall Street Journal that Binance, the world's largest cryptocurrency exchange, has laid off more than 1,000 people in recent weeks. "The regulatory environment is changing," said Matthew Dibb, chief investment officer at crypto asset manager Astronaut Capital. Still, crypto investors have taken encouragement from the world's biggest asset manager, BlackRock (BLK.N), filing to launch a bitcoin exchange traded fund last month.

Persons: XRP, Coinbase, Bitcoin, Matthew Dibb, Justin d'Anethan, Binance.US, bode, Sam Bankman, Alex Mashinsky, Patrick Hillmann, Hillmann, We'd, Chris Weston, it's, Vidya Ranganathan, Simon Cameron, Moore, Alex Richardson, Josie Kao Organizations: Labs, U.S . Securities, Exchange Commission, Wall Street, Capital, SEC, U.S, Wall, Twitter, BlackRock, Fidelity, Thomson Locations: SINGAPORE, WASHINGTON, U.S, California , New Jersey, South Carolina, Wisconsin, Asia, Keyrock, Hong Kong, XRP, reining, China, Binance, Melbourne, Singapore

☆ Germany urges companies to 'de-risk' from China, emphasizes it is not seeking a decoupling
▼ + stars: | 2023-07-14 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

Germany said there is an urgent need for companies to de-risk from China, while "not pursuing a decoupling" of economies. "For Germany, China remains a partner, a competitor, a systemic rival. The minister was presenting the country's strategy on China and explaining how the country plans to protect its interests. "China's economic strategy aims to make it less dependent on other countries, while making international production chains more dependent on China," the foreign ministry said in a 64-page report published Thursday. "In terms of foreign policy, China is pursuing its own interests far more assertively and is attempting in various ways to reshape the existing rules‑ based international order.

Persons: Olaf Scholz, Li Qiang, Annalena Baerbock Organizations: Mercator Institute for China Studies Locations: Berlin, Germany, China, Europe

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