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☆ 67% of brands are spending more on influencer marketing this year, according to a new survey. Here's where they're diverting funds from and how they're measuring results.
▼ + stars: | 2023-06-14 | by ( Nhari Djan | ) www.businessinsider.com time to read: +3 min

Some are diverting the money from other areas, like paid advertising, as overall marketing budgets face scrutiny. Here's what the study said about how and why brands are spending on influencer marketing in 2023. A new study from the creator-focused marketing platform CreatorIQ shows brands are investing more in influencer marketing and seeing results. It found 67% of the companies surveyed increased their influencer-marketing budgets from 2022 to 2023. Most of the brands that increased their influencer-marketing budgets — 76% — were diverting funds away from other marketing activities.

Persons: CreatorIQ, That's, Brittni Starr, Starr Organizations: Brands, CreatorIQ's

☆ OPEC oil demand forecast holds steady as economic clouds gather
▼ + stars: | 2023-06-13 | by ( Alex Lawler | ) www.reuters.com time to read: +3 min

This was virtually unchanged from the 2.33 million bpd forecast last month. OPEC+, which comprises OPEC, Russia and other allies, has been taking more steps to support the oil market in 2023. Crude prices, however, have remained under pressure from concern over slowing economic growth and demand. Chinese oil demand is now expected to rise by 840,000 bpd, OPEC said, up from the 800,000 bpd forecast last month, adding to a recovery after strict COVID-19 containment measures were scrapped. OPEC left its 2023 global economic growth forecast at 2.6% and said momentum was slowing.

Persons: Alex Lawler, Jason Neely, David Goodman Organizations: OPEC, Organization of, Petroleum, Brent, Thomson Locations: Eastern Europe, Ukraine, OPEC, Russia, China, United States, Saudi Arabia

☆ Workers are historically stressed out and disengaged
▼ + stars: | 2023-06-13 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

A new Gallup poll released Tuesday revealed that workers around the world are historically stressed, disengaged with their work and increasingly fighting with their bosses. Gallup’s “State of the Global Workplace 2023” examined how “employees feel about their work and their lives, an important predictor of organizational resilience and performance.”Survey results revealed that 59% of workers are “quiet quitting,” i.e. are not engaged; and 18% are “loud quitting,” which is the act of being actively disengaged (but still employed). That’s 8% higher than last year, indicating that “deeply unhappy workers are able to leave bad workplaces” and find a career they like, according to the company. They understand what to do; they have what they need; and they have a supportive manager and a supportive team.

Persons: You’re, Gallup’s, ”, they’re, Gallup, “ Organizations: New, New York CNN, Gallup Locations: New York, Gallup’s “ State

☆ Human rights body finds Cuban gov't responsible in 2012 deaths of dissidents
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +2 min

HAVANA, June 13 (Reuters) - The Inter-American Commission on Human Rights has found the Cuban government responsible in the deaths of democracy activists Oswaldo Paya and Harold Cepero in a 2012 car accident, saying it had concluded that state agents were involved in the incident. The commission's report, released on Monday, also said the government had violated the two men's rights to life, honour and freedom of expression. It said the commission had "identified sufficient serious evidence to conclude that State agents had been involved in the deaths of Payá and Cepero". Friends, family and fellow dissidents, as well as international human rights groups, have long accused the Cuban government of causing the crash, a charge it denies. The Inter-American Commission on Human Rights is an autonomous organ of the Organization of American States (OAS), a group the Cuban government brands an imperialist instrument of the United States.

Persons: Oswaldo Paya, Harold Cepero, Angel Carromero, —, Cepero, Dave Sherwood, Angus MacSwan Organizations: Inter, American, Human Rights, Cuban, Organization of American States, Thomson Locations: HAVANA, Cuba, Cuban, Paya, United States

☆ The Fed is about to decide whether or not to keep ramping up its fight against inflation
▼ + stars: | 2023-06-13 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Some anticipate the Fed will raise rates again in July in an attempt to bring inflation down to the 2% target. Even if the Fed forgoes a rate increase on Wednesday, Fed officials have suggested the Fed may hike rates again at later meetings. The survey also found people's expectations of job loss fell 1.3 percentage points to 10.9%, suggesting rising job market strength. "I do not think that wages are the principal driver of inflation," Fed Chair Jerome Powell told reporters after the Fed's May policy meeting. "For instance, recent evidence shows that wage growth tends to follow inflation, as well as expectations of future inflation."

Persons: —, it's, Jerome Powell, Adam Shapiro, Shapiro Organizations: Federal, Service, Committee, Fed, payrolls, Labor Statistics, Labor, Index, BLS, Bureau of Labor Statistics, Silicon Valley Bank, First Republic Bank, New York Federal Reserve, Federal Reserve Bank of San, National Federation of Independent Business Locations: Ukraine, Silicon, Federal Reserve Bank of San Francisco

☆ TikTok is dialing up its efforts to dominate in search and it should scare Google
▼ + stars: | 2023-06-13 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +3 min

TikTok is testing a visual-search tool in its shopping tab that could put more pressure on Google. A May analyst report said TikTok may be "the most imminent threat to Google's Search dominance." TikTok is testing a new visual-search tool within its shopping feature that could dial up the pressure on search-giant Google. The short-video app has already become a go-to search engine for Gen Zers looking for restaurants or how to do things, threatening Google's search dominance. "Younger Gen Z users don't have the baggage and memory of opening the browser and searching on Google," he continued.

Persons: Zers, TikTok, Bernstein, Mark Shmulik, ChatGPT, Shmulik, They're, Z, Yelp, Morgan Stanley Organizations: Google, Tech, YouTube, Bloomberg Locations: Asia, TikTok

☆ Dutch intelligence warned CIA about alleged Ukrainian plot to attack Nord Stream pipelines, Netherlands’ public broadcaster reports
▼ + stars: | 2023-06-13 | by ( Mick Krever Alex Marquardt Sarah Dean Sugam Pokharel | Mick Krever | Alex Marquardt | ) edition.cnn.com time to read: +2 min

CNN —Dutch military intelligence warned the American intelligence service, CIA, last year about an alleged Ukrainian plan to blow up the Nord Stream pipelines three months before they were hit, Dutch public broadcaster NOS reported on Tuesday without specifying a source. The United States received intelligence from a European ally last year that the Ukrainian military was planning an attack on the Nord Stream natural gas pipelines, CNN reported last week based on information from three US officials. The Wall Street Journal (WSJ) reported on Tuesday that the CIA warned Ukraine last year to not attack the Nord Stream gas pipelines after receiving information about an alleged Ukrainian plan, citing officials familiar with the exchange. The CIA received the tip from Dutch military intelligence, the officials told the WSJ. Netherlands’s public broadcaster in its report said that the Dutch military intelligence service, MIVD, was able at an early stage to gather detailed information about alleged Ukrainian plot to blow up the pipelines.

Persons: hasn’t, Volodymyr Zelensky, ’ ” Mykhailo Podolyak Organizations: CNN, CIA, NOS, ARD, United, Street, European Union, Twitter Locations: United States, Western, Ukraine, Ukrainian, Nord, Russia, Baltic, Europe

☆ Millionaires are fleeing China at a faster pace as the post-COVID economic rebound fizzles
▼ + stars: | 2023-06-13 | by ( Jason Ma | ) www.businessinsider.com time to read: +3 min

Millionaires are fleeing China at a faster pace as the post-COVID economic rebound fizzles. China will see a net loss of 13,500 in 2023, up from 10,800 in 2022, the Henley Private Wealth Migration Report said. Meanwhile, the US will see a net gain of 2,100 millionaires, up from 1,500 last year. China will see a net loss of 13,500 high-net-worth individuals in 2023, up from 10,800 in 2022, according to the Henley Private Wealth Migration Report. After China's economy expanded strongly from 2000 to 2017, the growth of millionaires since then has been negligible, he added.

Persons: —, Andrew Amoils, Amoils, Henley, gainers, Juerg Steffen Organizations: Millionaires, Henley, Wealth, Service, Huawei, United, United Arab Emirates, Partners Locations: China, fizzles, Henley, Taiwan, Hong Kong, India, Australia, United Arab, Singapore

☆ Russia revives oil exports to North Korea as US sounds alarm on more arms sales for Ukraine war
▼ + stars: | 2023-06-13 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Russia has revived its oil trade with long-time ally North Korea as the Kremlin's war on Ukraine drags on. Russia has exported 67,000 barrels of oil to North Korea since December, a UN report said. North Korea has been accused of sending Russia weapons for its war in Ukraine. A State Department spokesperson told Reuters that the US had confirmed North Korea delivered weapons, including rockets and missiles, to the Russia's Wagner mercenary group in November. The UN has banned North Korea from selling arms, though it has reportedly provided weapons to Iran, Syria, and Uganda.

Persons: —, Wagner, Kim Jung Un, Vladimir Putin Organizations: UN, Service, Russia, United, Bloomberg, State Department, Reuters, US, Slovakian, North Korean Locations: Russia, North Korea, Ukraine, United Nations, Pyongyang, Moscow, Korea, Iran, Syria, Uganda

☆ Verizon searching for new finance chief and potential CEO successor - WSJ
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +1 min

June 12 (Reuters) - Verizon Communications (VZ.N) is searching for a new finance chief and looking for potential candidates to later succeed CEO Hans Vestberg, the Wall Street Journal reported on Monday citing people familiar with the matter. The company had reshuffled its senior leadership roles in March and appointed Tony Skiadas to replace former Chief Financial Officer Matt Ellis while naming Sowmyanarayan Sampath as the CEO of Verizon Consumer Group. Verizon did not immediately respond to a Reuters request for comment. The company is working with executive recruiting and advisory firm Spencer Stuart, the report added. Reporting by Chavi Mehta in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Hans Vestberg, Tony Skiadas, Matt Ellis, Sampath, Vestberg, Spencer Stuart, Chavi Mehta, Krishna Chandra Organizations: Verizon Communications, Wall Street, Verizon Consumer Group, Verizon, Thomson Locations: Bengaluru

☆ Netflix in talks to livestream celebrity golf tournament - WSJ
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +1 min

June 12 (Reuters) - Netflix (NFLX.O) is in talks to livestream a celebrity golf tournament featuring professional golfers and Formula One drivers, the Wall Street Journal reported on Monday, citing people familiar with the matter. The tournament will feature celebrities from “Drive to Survive”, a docuseries about Formula One auto-racing, and “Full Swing”, which followed professional golfers during the 2022 season, the report said. Discussions about the tournament, scheduled for this fall, are in the early stages, WSJ said. Netflix has been exploring investments in live sports broadcasting and is in the early days of testing live broadcasts; its first live event was a Chris Rock comedy special on March 4. Rival streaming services Apple TV+ and Amazon Prime Video have already added live professional sports competitions to their line-ups, acquiring the rights to major league soccer and the NFL's Thursday night games, respectively.

Persons: livestream, Chris Rock, Kannaki, Pooja Desai Organizations: Netflix, Formula, Wall Street, Apple, Amazon Prime, Thomson Locations: Bengaluru

☆ The rich often misjudge the potency of their retirement savings, report finds
▼ + stars: | 2023-06-12 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Thirty-two percent of high-income households are "not worried enough" about their retirement risk, a larger share than the 26% of low- and middle-income earners. The Center for Retirement Research uses the survey data to construct a National Retirement Risk Index. The index models retirement preparedness according to a range of assets like Social Security, pensions, home equity and employer-sponsored retirement plans, such as a 401(k). Anqi Chen assistant director of savings research, Center for Retirement Research at Boston CollegeIn 2019, 47% of American households were at risk of not being able to maintain their standard of living in retirement, according to the index. Why the rich are more likely to underestimate riskWestend61 | Westend61 | Getty ImagesNineteen percent of U.S. households correctly identify as being at risk of falling short in retirement, according to the center's report.

Persons: Anqi Chen, Chen, they're, David Blanchett, Louis Organizations: Getty, Center for Retirement Research, Boston College, Finance, GOP, Federal Reserve's Survey, Consumer Finances, Retirement Research, Social Security, for Retirement Research, Westend61, Prudential Financial, Federal Reserve Bank of St, Center for Locations: U.S, PGIM

☆ Twitter CEO Linda Yaccarino threw a party with tea and Champagne to celebrate Prince Harry and Meghan Markle's wedding, report says
▼ + stars: | 2023-06-12 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Twitter CEO Linda Yaccarino threw a party to celebrate Prince Harry and Meghan Markle's wedding. Yaccarino hosted the party for ad buyers and brand leaders at New York's Baccarat Hotel, per WSJ. Twitter's new CEO Linda Yaccarino reportedly threw a party to celebrate the royal wedding of Prince Harry and Meghan Markle. Yaccarino hosted the event for ad buyers and brand leaders at New York's Baccarat Hotel, The Wall Street Journal reported, citing sources familiar with the event. At the helm of Twitter, Yaccarino faces the tough job of making Twitter profitable and revitalizing its damaged advertising business.

Persons: Linda Yaccarino, Prince Harry, Meghan Markle's, Yaccarino, fascinators, Meghan Markle, skittish, Musk Organizations: New, Street Journal, Twitter, New York Times, Tesla, .

☆ Brands are investing more in influencer marketing, pulling funds from other areas like paid ads as overall budgets face scrutiny
▼ + stars: | 2023-06-12 | by ( Nhari Djan | ) www.businessinsider.com time to read: +3 min

Some are diverting the money from other areas, like paid advertising, as overall marketing budgets face scrutiny. Here's what the study said about how and why brands are spending on influencer marketing in 2023. Brands are funneling more of their advertising budgets to influencer marketing, new data suggests. A new study from the creator-focused marketing platform CreatorIQ shows brands are investing more in influencer marketing and seeing results. That's despite the increased scrutiny on marketing budgets overall, the report said.

Persons: CreatorIQ, That's, Brittni Starr, Starr Organizations: Brands, CreatorIQ's

☆ Israeli institutional tech investment down 40% in 2022 - report
▼ + stars: | 2023-06-12 | by ( Steven Scheer | ) www.reuters.com time to read: +2 min

Over the second half of last year, just 16 investments were made by Israeli institutional investors - four of those being early stage seed deals. But institutional investors have not been a big part of its success, with most investment coming from venture capital funds. Led by mostly foreign VCs, Israeli tech firms raised some $15 billion in 2022. Nimrod Vromen, chief executive of Consiglieri, said that institutions last year had more inclination for early stage investments. "Israeli institutional investors’ experience in early stage investments, combined with the Israeli government’s commitment to supporting the startup ecosystem amidst political legislative turbulence, signals potential for future investment growth," he said.

Persons: Arnon Segev, Yoav Sherman, Nimrod Vromen, Vromen, Steven Scheer, Ed Osmond Organizations: Israel Innovation Authority, Israel Venture Capital, Thomson

☆ A Prime Video ad tier could bring in $4.8 billion a year in revenue for Amazon, according to Morgan Stanley analysts. Here's how.
▼ + stars: | 2023-06-12 | by ( Nathan Mcalone | ) www.businessinsider.com time to read: +5 min

Amazon is reportedly plotting an ad tier for Prime Video, per The Wall Street Journal. A new ad-supported tier for Prime Video could bring in nearly $5 billion in yearly revenue for Amazon, according to Morgan Stanley analysts. "We size US Prime subscribers at ~95 million in 2025, and ourAlphaWise surveys suggest ~77% of Prime subscribers use Prime Video, implying 73 million Prime Video viewers in 2025." "We size US Prime subscribers at ~95 million in 2025, and our AlphaWise surveys suggest ~77% of Prime subscribers use Prime Video, implying 73 million Prime Video viewers in 2025." But they estimated that a Prime Video ad tier outside the US could add a further $209 million to 2025 EBIT.

Persons: Morgan Stanley Organizations: Amazon, Prime, Street, Street Journal, Netflix, NFL, Disney, US, YouTube, NBA, CTV Locations: EBIT

☆ UBS to impose restrictions on Credit Suisse bankers after takeover complete, FT says
▼ + stars: | 2023-06-11 | by ( ) www.reuters.com time to read: +1 min

June 11 (Reuters) - UBS AG (UBSG.S) is set to impose tight restrictions on Credit Suisse (CSGN.S) bankers, including a ban on new clients from high-risk countries and on complex financial products, the Financial Times said on Sunday, citing people with knowledge of the matter. Bloomberg News reported on Saturday that the emergency takeover of Credit Suisse by UBS will close on Monday. The Swiss government agreed on Friday to guarantee up to 9 billion Swiss francs ($9.96 billion) of losses UBS may incur from the sale of its rival's assets beyond 5 billion francs the lender is due to cover itself. Credit Suisse declined to comment, while UBS did not immediately respond to a Reuters request for comment. ($1 = 0.9038 Swiss francs)Reporting by Rishabh Jaiswal in Bengaluru; editing by Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Rishabh, Paul Simao Organizations: UBS AG, Credit Suisse, Financial Times, Bloomberg, UBS, Thomson Locations: Libya, Russia, Sudan, Venezuela, Ukrainian, Swiss, Bengaluru

☆ Teens can cash in on summer jobs and expect to be paid more as employers scramble to fill openings this year
▼ + stars: | 2023-06-11 | by ( Gloria Dawson | ) www.businessinsider.com time to read: +3 min

There were 10 million job openings in April, many in sectors ripe for teen employment. Teens in typical summer jobs like lifeguards, camp counselors, waiters, and retail workers should see raises this year. Summer job openings are slightly less than last year, according to Indeed. But overall, summer jobs have positive benefits for teens and the economy, according to the Rhode Island College report. "Teen employment is highly path-dependent — the more teens work today, the more likely they will work tomorrow," the report said.

Persons: —, Paul Harrington, Harrington Organizations: Service, Privacy, Employers, Rhode Island College, Wall Street, New York Times, Times, Bureau of Labor Statistics, Rhode Island

☆ Russia-Ukraine War Updates: Flooding Subsides, Revealing Scale of Dam Disaster
▼ + stars: | 2023-06-11 | by ( Matthew Mpoke Bigg | Matt Surman | ) www.nytimes.com time to read: +4 min

Floodwaters in a residential neighborhood after the destruction of the Kakhovka dam, on Friday, in Kherson, Ukraine. Russian troops controlled the dam, and engineering and munitions experts have said that a deliberate explosion inside the dam probably caused its collapse. Moscow’s accusations that the government in Kyiv was responsible for the disaster have been met with scorn in Ukraine. The dam disaster has poisoned water supplies and, over time, it will deplete groundwater levels upstream — creating a long-term problem for a population well beyond those living in the immediate flood zone. The flooding has “severely disrupted this primary water source,” according to a report issued on Sunday by Britain’s defense intelligence agency.

Persons: ”, Ruslan Strilets, Vladimir Saldo Organizations: Emergency Service, Russian, Facebook Locations: Kherson, Ukraine, Dnipro, American, Russia, Kyiv, Mykolaiv, Ukrainian, Russian, Crimea

☆ Twitter is refusing to pay its Google Cloud bills- Platformer
▼ + stars: | 2023-06-10 | by ( ) www.reuters.com time to read: +1 min

June 10 (Reuters) - Twitter has refused to pay its Google Cloud bills (GOOGL.O) as its contract comes up for renewal this month, which could result in the social media company's trust and safety teams being crippled, Platformer reported on Saturday. The Information said Twitter has been trying to renegotiate its contract with Google since at least March. Twitter hosts some services on its server and houses others on the cloud platforms of Amazon (AMZN.O) and Google, Platformer said. In March, Amazon warned Twitter that it would withhold advertising payments because of the company's outstanding bills to Amazon Web Services for cloud computing services, according to the Information. Musk ordered the company to cut infrastructure costs, such as spending on cloud services, by $1 billion, a source had told Reuters in November.

Persons: Elon, Twitter, Musk, Gokul, Cynthia Osterman Organizations: Twitter, Google, Amazon, Amazon Web Services, Reuters, Thomson Locations: Elon Musk's, Bengaluru

☆ Twitter is refusing to pay its Google Cloud bills, Platformer reports
▼ + stars: | 2023-06-10 | by ( ) www.reuters.com time to read: +1 min

Persons: Elon, Twitter, Musk, Gokul, Cynthia Osterman Organizations: Twitter, Google, Amazon, Amazon Web Services, Reuters, Thomson Locations: Elon Musk's, Bengaluru

☆ Italy's elite special forces stormed a cargo ship taken over by knife-wielding stowaways, reports say
▼ + stars: | 2023-06-10 | by ( Kieran Corcoran | ) www.businessinsider.com time to read: +2 min

Italian special forces scrambled to a cargo vessel in trouble on Friday. Italy's elite San Marco Brigade was photographed landing by helicopter on the Turkish Galata Seaways vessel off the Italian coast on Friday. Italian special forces landing on the Galata Seaways cargo ship on June 9, 2023. Italian special forces on board the Galata Seaways cargo ship on June 9, 2023. Getty ImagesItaly's ANSA news agency reported that the emergency broke out on Friday off the coast of Naples, leading the Italian military to scramble special forces to recapture it.

Persons: —, ANSA, Nobody, Guido Crosetto Organizations: Service, San Marco Brigade, Getty, Reuters, Italy's Navy, Royal Marines, US Marine Corps Locations: Turkish Galata, Galata, Danish, Turkey, France, Italian, Naples, East, North Africa, Europe, San Marco

☆ Odey offloads stake in UK Retailer AO, Sky News reports
▼ + stars: | 2023-06-10 | by ( ) www.reuters.com time to read: +1 min

June 10 (Reuters) - Odey Asset Management has sold its 19% stake in UK-based retailer AO World Plc (AO.L) to Frasers Group (FRAS.L), Sky News reported on Saturday. Frasers Group bought the stake for 75 million pounds ($94.27 million), the report said. Odey Asset Management, AO and Frasers Group did not immediately respond to a request for comment by Reuters. On Friday, asset managers Schroders Plc (SDR.L) and Canada Life moved to cut back their dealings with Odey Asset Management, citing allegations of sexual misconduct by its founder, Crispin Odey, that were published by the Financial Times and Tortoise Media a day earlier. Odey Asset Management told investors in a letter dated June 8, which was seen by Reuters, that it "does not recognise the picture of the firm that has been painted" by the allegations.

Persons: Crispin Odey, Goldman Sachs, Morgan Stanley, Jose Joseph, Urvi, Alex Richardson, Helen Popper Our Organizations: Odey, Management, Frasers, Sky News, Frasers Group, Reuters, Schroders, Odey Asset Management, Financial Times, Tortoise Media, JPMorgan, Thomson Locations: Canada, Bengaluru

☆ Ukraine's dam disaster is 'unlikely' to derail its plans for a counteroffensive against Russia
▼ + stars: | 2023-06-09 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

Ukraine accused Russian forces of blowing up the dam, while the Kremlin denied the attack and said Kyiv intentionally sabotaged the dam to distract attention from its counteroffensive. The dam breach comes amid months of buildup to Ukraine's counteroffensive, a phase of the war that many see as potentially pivotal in Kyiv's pursuit of victory. A spokesperson for the General Staff of the Ukrainian Armed Forces on Friday, however, dismissed reports that a counteroffensive had begun, according to Reuters. Ukraine's government has repeatedly said there will be no public announcement of the start of the counteroffensive. Andrius Tursa, central and Eastern Europe advisor at Teneo, a political risk consultancy, said the destruction of the Nova Kakhovka dam may alter Ukraine's offensive plans — but was "unlikely to derail" them.

Persons: Andrius, Tursa Organizations: Kremlin, CNBC, NBC, General Staff, Ukrainian Armed Forces, Reuters Locations: Donetsk region, Russian, Ukraine, Kyiv, Eastern Europe, Nova, Crimea

☆ Ukraine's forces are facing 'tough battles' and taking losses early in its offensive, but war experts say it has a lot left to hammer Russian lines
▼ + stars: | 2023-06-09 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +8 min

There are reports of heavy personnel and equipment losses in some sectors. Ukrainian forces gained ground in areas around Bakhmut, a city of limited strategic value that Russia only recently captured at tremendous cost. Through its counteroffensive operations, Ukraine is confronting these hardened Russian defenses with a force that while experienced is employing new weapons with, in some cases, new tactics. Ukrainian forces will suffer losses, including of both Western and Soviet equipment, during any offensive operations," ISW said. "Loss of equipment — including Western equipment — early on in the counteroffensive is not an indicator of the future progress of Ukraine's counteroffensive," it said.

Persons: —, ISW, Volodymyr Zelenskyy, ANATOLII STEPANOV, Yevgeny Prigozhin, Serhii Naiev, Yevhen, it's, Mark Hertling Organizations: Service, Ukraine, Institute for, CNN, Getty, for Strategic, International Studies, DC, Wagner Group, Joint Forces of, Armed Forces of, Operational, Publishing, US Army Locations: Bakhmut, Russia, Donetsk Oblast, Zaporizhia Oblast, Donetsk, Ukraine, AFP, Europe, Zaporizhzhia Oblast, Armed Forces of Ukraine, Kyiv Region, Soviet, Ukrainian

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