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☆ Trump 2.0 could lead to a fragmented EU, says Eurasia Group president
▼ + stars: | 2024-11-21 | 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 EmailTrump 2.0 could lead to a fragmented EU, says Eurasia Group presidentIan Bremmer, president and founder of Eurasia Group, discusses what President-elect Donald Trump's return to the White House could mean for U.S. relations with the European Union.

Persons: Ian Bremmer, Donald Trump's Organizations: Trump, Eurasia Group, European Union Locations: Eurasia

☆ Trump's Treasury Secretary: The best commentary about who the president-elect should nominate
▼ + stars: | 2024-11-18 | by ( Chris Johnston | ) www.businessinsider.com time to read: +6 min

After announcing a swathe of names for his Cabinet, president-elect Donald Trump appears to be conducting auditions for his Treasury Secretary. AdvertisementHere's some of the best commentary we've seen about the race to be the next Treasury Secretary. Blowups somewhere are inevitable, and a Treasury secretary needs the experience to deal with the fallout in a way that reassures markets. There could now be a contest for Treasury Secretary where … the no1 job is reassuring the markets. In return he might be rewarded with the job of treasury secretary.

Persons: Donald Trump, Scott Bessent, Howard Lutnick, Marc Rowan, Kevin Warsh, Cantor Fitzgerald, Trump, Rowan, Apollo, Jay Powell, Warsh, Powell, hasn't, Kyle Bass, Mike Allen, You've, Ian Bremmer, Marco Rubio, Mike Waltz, Biden, Mr Lutnick, Mr Trump, … Mr Lutnick, …, Mr Lutnick's, John Thune, Jeff Stein Organizations: Key Square Capital Management, Apollo Global Management, Federal Reserve, New York Times, The Times, Times, Hayman Capital Management, X, Trump's, Treasury, CNBC, Trump, Fed, White, National Economic Council, Eurasia Group, Bloomberg, The, The Washington Post Locations: X U.S, Eurasia, Washington, United States, The Washington

☆ Trump’s pick for fracker-in-chief will have a tough time pumping a lot more oil
▼ + stars: | 2024-11-18 | by ( Auzinea Bacon | Chris Isidore | ) edition.cnn.com time to read: +4 min

Trump has said he wants to lower gas prices — which currently average $3.07 per gallon — to below $2 a gallon. But the American oil industry is already booming and increasing output doesn’t mean gas prices will drop. After oil prices shot up in 2022 in the wake of Russia’s invasion of Ukraine and the sanctions on Russian oil imposed by western countries, major oil companies reported record profits. But are we going to increase oil production by another 50%? OPEC+, a group of leading oil-producing countries, even delayed plans to increase production because of concerns about excess supply.

Persons: Donald Trump, ” Trump, Trump, Chris Wright, Wright, Andy Cross, Andy Lipow, ” Lipow, “ It’s, Biden, ”, Bob McNally, George W, Bush, CNN’s David Goldman, Matt Egan Organizations: CNN, Liberty Energy, Liberty, Denver Post, US Energy Information Administration, P, Insights, Eurasia Group, Texas Intermediate, OPEC, Lipow Oil Associates, Energy, Oil Locations: Denver, States, Saudi Arabia, Russia, Eurasia, Ukraine, China, OPEC

☆ Trump called the climate crisis a scam. It could prove a gift to China.
▼ + stars: | 2024-11-15 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

AdvertisementPresident-elect Donald Trump has long questioned the reality of the climate crisis, describing it as a "scam" and accusing policies to tackle the crisis of destroying US jobs. AdvertisementChina, as part of its "Belt and Road" initiative to grow its global influence, has provided developing countries with renewable energy technologies, including wind farms. AdvertisementThe US lags China as a clean tech economic power. There are also doubts over how much China is willing to take an international leadership role on climate issues. Assuming a leadership role would likely require China to send money to other countries, said Crowther.

Persons: Donald Trump, —, Herbert Crowther, we're, Lily McElwee, Xi Jinping, Trump, Daniel Araya, Biden, Joe Biden's, Crowther, Xi Organizations: Service, Eurasia Group, Business, Biden, China Studies, Center for Strategic, International Studies, Trump, Getty, Brookings Institute, International Energy Agency, Reuters Locations: Paris, China, New York, Baku, Azerbaijan, Washington ,, Beijing, United States, Gansu Province, Washington , DC, Brazil

☆ The US-China tech race is moving from chips to the raw materials they're made of
▼ + stars: | 2024-11-14 | by ( Huileng Tan | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +8 min

In the race against the US for global tech supremacy, China has the upper hand in at least one critical area: rare earths. AdvertisementFor more than a year, Beijing has slowly been tightening its grip on critical minerals and rare earths. Now, there are fears that China could tighten the global rare earths supply chain even more. China's rare earth dominanceChina has long dominated the rare earths market due to supply, low labor costs, and lax environmental standards. In 2022, the US Department of Defense awarded $45 million to MP Materials for rare earth oxide processing, and in 2023, it awarded over $288 million to Lynas USA to set up commercial-scale rare earth oxide production facilities.

Persons: Deng Xiaoping, —, Rick Waters, Donald Trump's, Louise Loo, Zongyuan Zoe Liu, Chris Tang, Nick Vyas, USC Marshall's Randall R, Vyas, he's Organizations: European Union, World Trade Organization, US Department of Defense, Materials, US, White, Nvidia, Taiwan Semiconductor Manufacturing, Oxford Economics, Greater China, Council, Foreign Relations, Soviet, Bloomberg, AMD, USC, Kendrick, Supply Chain Institute, Bureau of Industry, Security Locations: China, US, Beijing, Japan, USA, Eurasia, Washington, Taiwan, Greater, Soviet Union, North Korea, North Vietnam

☆ U.S. election will put additional pressure on an already stressed German economy, says analyst
▼ + stars: | 2024-11-12 | 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 EmailU.S. election will put additional pressure on an already stressed German economy, says analystJens Larsen, the director of global macro-geoeconomics at Eurasia Group, discusses Germany's political crisis and the impact of the U.S. election on the country's economy.

Persons: Jens Larsen Organizations: Eurasia Group

SEOUL, South Korea — As foreign governments prepare to deal with a second Trump administration, at least one key U.S. ally is hoping to make headway on the fairway. Last month, the U.S. and South Korea agreed on a new five-year cost-sharing plan for the U.S. troops. Maintaining a strong security alliance with the U.S. is especially important for South Korea given the growing hostility from nuclear-armed North Korea. That in turn could lead South Korea and even Japan to consider whether they need nuclear weapons of their own. Stella Kim reported from Seoul, South Korea, and Jennifer Jett reported from Hong Kong.

Persons: Trump, Yoon Suk, “, Donald Trump, Yoon, ”, Shinzo Abe, David Boling, Chung Sung, Abe, Abe “, Boling, ” Yoon —, ” Jeremy Chan, “ I’ve, Yoon doesn’t, he’s, ” Chan, Lydia Ko, Ko, Shigeru Ishiba, ” Boling, Chan, Choi Sang, mok, Joe Biden, Brendan Smialowski, Kim Jong, Stella Kim, Jennifer Jett Organizations: NBC, South, Eurasia Group, Trump, House, Paris Olympics, Japanese, U.S, South Korean Finance, Seoul, Getty Locations: SEOUL, South Korea, U.S, Florida , New Jersey, Virginia, North Korea, Japan, New York, Seoul, United States, East Asia, China, Northeast Asia, New Zealand, Scotland, Korea, Chiba, AFP, Hong Kong

TOKYO — Lawmakers in Japan voted Monday to retain the embattled Shigeru Ishiba as prime minister despite his long-governing party’s dismal showing in parliamentary elections last month. Ishiba, a straight-talking former defense minister, received 221 votes compared with 160 for Yoshihiko Noda, leader of the opposition Constitutional Democratic Party. Many Japanese officials assume Trump is going to be “more straightforwardly anti-China,” and that Japan will be “somehow miraculously left off the hook,” he said. Though Japan has already pledged to double defense spending to 2% of gross domestic product by 2027, “that’s probably not going to be enough to satisfy Trump,” Boling said. While Abe was “extraordinarily skillful” in dealing with Trump, Ishiba has a different personality, Boling said.

Persons: Shigeru Ishiba, Ishiba, Donald Trump, Yoshihiko Noda, ” Ishiba, Yuichi Yamazaki, Trump, Koichi Nakano, Shinzo Abe, ” Nakano, David Boling, “ that’s, ” Boling, Joe Biden, Kamala Harris, Takahiro Mori, Abe, Boling, “, I’m, Jeff Kingston, ” Kingston, Arata Yamamoto, Jennifer Jett, Peter Guo Organizations: Lawmakers, Liberal Democratic Party, Constitutional Democratic Party, Getty, Trump, Japan Relations, NBC News, U.S, Eurasia Group, Nippon, Pittsburgh, . Steel, Democratic, Nippon Steel, United Steelworkers, ”, Japan Locations: TOKYO, Japan, Washington, Tokyo, China, Russia, North Korea, U.S, York, Japanese, Pittsburgh, ” Japan, United States, Temple, Hong Kong

☆ Europe could try to stop — or get around — damaging Trump tariffs
▼ + stars: | 2024-11-11 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +6 min

Critics of the proposed tariffs say the policy could lead to higher prices for U.S. consumers. That leaves Asia and Europe having to quickly consider ways to mitigate the future impact of export tariffs, and whether to retaliate or to try to negotiate a get-out deal. But economists also say that the EU could try to use the carrot instead of the stick with the U.S., suggesting there are three other ways Europe might try to stop, limit or avoid Trump's likely tariff policy altogether. German Chancellor Angela Merkel deliberates with U.S. President Donald Trump during the G-7 summit in Canada on June 9, 2018. Jesco Denzel | Bundesregierung | Getty ImagesWhether there Europe can reach consensus on how or whether to do a deal with Trump is debateable, however.

Persons: Caitlin Ochs, Reuters Donald Trump's, Europe scrabbling, Trump, Flach, Donald Trump, Jean, Claude Juncker, Andrew Kenningham, Didier Lebrun, Photonews, Mujtaba Rahman, Ursula von der, Von der, Joe Biden, Kenningham, Angela Merkel deliberates, Denzel, Carsten Brzeski, Emmanuel Macron, Angela Merkel, There's Organizations: Reuters, Trump, ING, Germany's, International Economics, Germany, U.S, EU, Capital Economics, European Union, Getty, Eurasia Group, Sustainable Steel, US Trade, Technology Council, Bundesregierung Locations: Upper Bay, New York, U.S, Europe, EU, China, Asia, Germany, Ukraine, Canada, France

Ties have been at their lowest point in decades amid disputes over trade, technology, Taiwan and Chinese aggression in the South China Sea. “We respect the choice of the American people,” the Chinese Foreign Ministry said in a statement earlier. A second Trump presidency “could mark a new beginning in China-U.S. relations if the chance that has been offered is not wasted,” state-run newspaper China Daily said in an editorial on Wednesday. But Chinese officials laser-focused on stabilizing their faltering economy are also mindful of the tariffs of 60% or more that Trump has vowed to impose on all Chinese imports. One person it may turn to for help is tech billionaire Elon Musk, a devoted Trump supporter with extensive business interests in China who is wildly popular there.

Persons: “, Xi Jinping, Donald Trump, Biden, Xi, Trump, China “, ”, Susan Walsh, Rick Waters, Kamala Harris, Waters, Trump’s, ” Waters, Harris, Mao Ning, Elon Musk, Ian Bremmer Organizations: Trump, ” Xinhua, Foreign Ministry, Eurasia Group, Democratic, ., China Daily, CNBC Locations: HONG KONG, Taiwan, South China, Beijing, China, Asia, Pacific, South Korea, Japan, Australia, U.S, China’s, New York, Houston, Chengdu

☆ China is torn between two U.S. presidential choices it would not like to work with: The Asia Group
▼ + stars: | 2024-11-05 | 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 EmailChina is torn between two U.S. presidential choices it would not like to work with: The Asia GroupKurt Tong, Managing Partner of The Asia Group, says a second Trump administration could shift productive capacity away from China, while a Harris administration could see a continuation of Biden’s policies on technology denial.

Persons: Kurt Tong, Trump, Harris Organizations: China, The Asia, The Asia Group Locations: China

☆ These countries have the most at stake as the U.S. heads to the polls
▼ + stars: | 2024-11-05 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

Democratic presidential nominee, U.S. Vice President Kamala Harris, and Republican presidential nominee, former U.S. President Donald Trump. Scott Olson | Bill Pugliano | Getty ImagesThe world is watching the U.S. presidential election as voters go to the polls Tuesday, but the vote is more consequential for some countries. That situation is even more pronounced for Ukraine, whose territorial integrity could even be at stake. Trump defended the measure as a way of reducing a yawning trade deficit with China, and to boost American jobs and competitiveness. Patrick Stollarz | AFP | Getty ImagesThis year, Trump said that if he was reelected, he would raise tariffs on Chinese goods by 60-100%.

Persons: Kamala Harris, Donald Trump, Scott Olson, Bill Pugliano, Trump, Xi Jinping, Patrick Stollarz, Harris, Biden's, It's, Ian Bremmer, Vladimir Putin, Alexei Nikolsky, Washington Hilton, Kevin Dietsch, Benjamin Netanyahu, Biden —, Brendan Smialowski Organizations: Democratic, Republican, U.S, AFP, Getty, Trump, Democrat, CNBC, Russia, Anadolu, Russian, Eurasia Group, Russia's, Sputnik, Kremlin, Reuters It's, Ukraine, Washington, - American, Israeli American Council National Summit, Israel Democracy Institute, Reuters Locations: Ukraine, China China, United States, China, Hamburg, Germany, U.S, Russia, Kyiv, Moscow, Toretsk, Orenburg, Israel, Iran, Gaza, Lebanon, Jerusalem, Tehran

☆ Less likely to see a transactional Trump towards China if he gets a second term: Analyst
▼ + stars: | 2024-11-05 | 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 EmailLess likely to see a transactional Trump towards China if he gets a second term: AnalystJon Lieber from Eurasia Group says it is unclear at this stage if Trump will be more transactional or confrontational towards China if he gets elected for a second presidential term.

Persons: Jon Lieber, Trump Organizations: Trump, Eurasia Group Locations: China

☆ Eurasia: The presidential election is an exercise in risk-mitigation
▼ + stars: | 2024-11-05 | 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 EmailEurasia: The presidential election is an exercise in risk-mitigationClayton Allen of the Eurasia Group discusses how the firm is advising clients to position themselves in an election that's neck-and-neck at the finish line.

Persons: Clayton Allen Organizations: Eurasia, Eurasia Group

He recently told the Wall Street Journal editorial board that Chinese President Xi Jinping respects him but also knows he’s “crazy” and wouldn’t provoke him. But Chinese officials might also see potential for Musk to be a mitigating influence on issues such as tariffs. Like other American business leaders, Musk has met with senior Chinese officials as Beijing courts international companies. AP fileIf Chinese officials receive Musk almost like a world leader, the Chinese public treats him like a rock star. Chinese officials have not been shy about making the connection between what Musk says and where he makes his money.

Persons: Donald Trump, Elon Musk, Jia Qingguo, Trump, ” Jia, Xi Jinping, he’s, ” Trump, Joe Biden’s, “, they’re, ”, Kelly Grieco, Musk, Li Qiang, Qin Gang, ” Grieco, Jennifer Lian, Henry Kissinger, Ian Bremmer, Tesla, Kuan, “ He’s, ” Tesla, Li Keqiang, Li, ” Musk, Grieco, didn’t, Xi, Qin, Hsiao, Kamala Harris, Janis Mackey Frayer, Jennifer Jett Organizations: SHANGHAI, Trump, Peking University, NBC News, Wall Street, Stimson, Qin, Weibo, Communist Party ., Eurasia Group, SpaceX, Shanghai Gigafactory, Getty, U.S, Shanghai, NBC, Global Times, Financial Times, Beijing, Washington, U.S ., Democratic Locations: China, Beijing, Musk, Washington, U.S, United States, York, Shanghai, Chinese, Jiangsu, Xinjiang, Taiwan, Hong Kong, Starlink, Ukraine, Russian, British, European

☆ Japan’s government in flux after election gives no party majority
▼ + stars: | 2024-10-28 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +5 min

TOKYO — The makeup of Japan’s future government was in flux on Monday after voters punished Prime Minister Shigeru Ishiba’s scandal-tainted ruling coalition in a weekend election, leaving no party with a clear mandate to lead the world’s fourth-largest economy. The biggest winner of the night, the main opposition Constitutional Democratic Party of Japan (CDPJ), had 148 seats, up from 98 previously, but also still well short of the 233 majority. But days before the vote, a newspaper affiliated with the Japan Communist Party reported that the party had provided campaign funds to branches headed by non-endorsed candidates. “LDP’s payments to branches show utter lack of care for public image,” ran an editorial in the influential Asahi newspaper two days before the election. In one bright spot, a record 73 women were elected into Japan’s male-dominated parliament, surpassing 54 at the 2009 election.

Persons: Shigeru Ishiba’s, “, Ishiba, Komeito, Keiichi Ishii, ”, Tobias Harris, Yoshihiko Noda, Fumio Kishida, Yuichiro Tamaki, Nobuyuki Baba, Rintaro Nishimura, Masakazu Tokura Organizations: U.S, Ishiba’s Liberal Democratic Party, Constitutional Democratic Party of Japan, Japan Foresight, LDP, Japan Communist Party, Asahi, Democratic Party for, People, Japan Innovation Party, DPP, Bank of Japan, Asia, Komeito Locations: TOKYO, China, North Korea, Japan

☆ Japan's central bank to remain undeterred on rate hikes despite LDP's electoral shock, analysts say
▼ + stars: | 2024-10-28 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

Japan's longtime ruling Liberal Democratic Party may have suffered an election shock, but analysts said that's unlikely to deter the Bank of Japan from its interest rate hike cycle. In Sunday's elections, the LDP lost its majority in Japan's lower house for the first time since 2009. Besides its junior coalition partner Komeito, the LDP will need to work with other parties to form a government. The political turmoil comes ahead of a Bank of Japan meeting this week. Roughly 86% of economists polled by Reuters expect the central bank to leave its rates unchanged when it announces its decision Thursday.

Persons: Kazuo Ueda, Japan's, Komeito, David Boling, CNBC's, they're, Izumi Devalier, Devalier, you've Organizations: Japan, International Monetary Fund, World Bank, Liberal Democratic Party, Bank of Japan, LDP, Eurasia Group, Reuters, Bank of America Locations: Washington , U.S, Japan

☆ Japan election is a 'boxing match', the LDP party is 'bruised' but still standing: Analyst
▼ + stars: | 2024-10-28 | 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 EmailJapan election is a 'boxing match', the LDP party is 'bruised' but still standing: AnalystDavid Boling of Eurasia Group discusses Japan's political instability following the elections and says campaign finance reform talks are critical for the formation of a coalition government.

Persons: David Boling Organizations: Japan, LDP, Eurasia Group

It’s still unclear if his ruling coalition with the junior partner Komeito can retain a majority. Ishiba has set a goal of retaining a majority of 233 seats for the ruling coalition between the LDP and its Buddhist-backed Komeito. But analysts say Ishiba’s LDP was expected to remain the top party in Japan’s parliament as voters are skeptical about the opposition’s ability and inexperience. There could be regrouping attempts among opposition parties to decide whether to cooperate among themselves or join the ruling coalition, political watchers say. Ishiba is expected to last at least until the ruling bloc approves key budget plans at the end of December.

Persons: Shigeru Ishiba’s, It’s, Komeito, can’t, Ishiba, Fumio Kishida, “, ”, Yoshihiko Noda, Noda, won’t, Izuru Makihara, ” Makihara, Shinzo Abe, Rintaro Nishimura, Abe Organizations: NHK, Ishiba’s Liberal Democratic Party, Liberal Democratic Party, LDP, Constitutional Democratic Party of Japan, University of Tokyo, The Asia Group, Democratic Party of, Japan Innovation Party Locations: Tokyo, Japan, Japan’s

“If the North Koreans are actually sending troops to fight with the Russians, then clearly the level of Russian willingness to support North Korea, to help defend North Korea, is going to be equivalent,” he told NBC News in an interview Thursday. “And that really, in many ways, supplants China as North Korea’s most important protector.”Ukraine says 12,000 North Korean troops in Russia, could join fight starting SundayThe U.S. and its ally South Korea say 3,000 North Korean troops have been deployed to Russia, with the total expected to reach 12,000. Ukrainian President Volodymyr Zelenskyy said Friday in a post on X that the first North Korean soldiers were expected to be deployed in combat zones as early as Sunday. The entry of North Korean troops into the Ukraine war could also lead to even further escalation of the conflict. “I think that the North Korea move is a big part of that, frankly,” Bremmer said.

Persons: Kim Jong, Vladimir Putin, Kim Jong Un, ”, Ian Bremmer, Volodymyr Zelenskyy, Kim, Putin didn’t, We’ll, “, Kim Yong, Lloyd Austin, Bremmer, Xi Jinping, ” Bremmer, Lin Jian, Wang Yi, Xi, Putin Organizations: U.S, North, Getty, Eurasia Group, NBC News, Korean, Ukrainian Defense Ministry’s, Directorate of Intelligence, Ukrainian, Centre, Strategic Communication, Security, Putin, United Nations, South Korean Defense, U.S ., South Korea’s National Intelligence Service, South Korean National Intelligence Service, AFP, Foreign Ministry, Foreign, Kremlin Locations: HONG KONG — North, Ukraine, Washington, Korea, Russia, China, Pyongyang, Beijing, New York, Koreans, North Korea, North, ” Ukraine, South Korea, Vietnam, Russian, Kursk, Russia’s Far, Kazan, U.S, Korean, Washington . South, Moscow, North Korean, Japan

☆ If South Korea decides to get involved in Ukraine, it has powerful options
▼ + stars: | 2024-10-25 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

But South Korea remains wary of getting involved in the Ukraine war. GAVRIIL GRIGOROV via Getty ImagesSouth Korea hesitatesSignificant obstacles stand in the way of South Korea arming Ukraine, though. Chan said South Korea's President Yoon Suk-yeol was domestically unpopular and would encounter difficulties repealing the law via South Korea's center-left-dominated National Assembly. AdvertisementBut the escalating alliance between Russia and North Korea may soon reach a point where South Korea feels it needs to act. Because of Russia's increasing reliance on North Korea, Kim finds himself in a powerful position to negotiate sophisticated technology in return.

Persons: —, Yonhap, Jeremy Chan, Chan, Ellen Kim, Kim, Lloyd Austin, Kim Jong, Russia's Vladimir Putin, GAVRIIL GRIGOROV, Yoon Suk, yeol, Kim Jong Un, Joon Cho, Yoon, Sean McFate Organizations: Russia, Service, Security Council, South, Eurasia Group, Center for Strategic, International Studies, North, US, Getty Images, National, National Assembly, Kremlin, Georgetown University Locations: Korea, Ukraine, South Korea, North Korea, Russia, Seoul, Korean, China, Asia, Poland, Washington ,, Kyiv, Pyongyang, South Korea's, South, Moscow

☆ Xi undercut the West by negotiating a truce in China's long feud with India
▼ + stars: | 2024-10-25 | by ( Tom Porter | Hannah Abraham | ) www.businessinsider.com time to read: +6 min

China's Xi Jinping negotiated a truce with India's leader, Narendra Modi. AdvertisementAt the BRICS summit in Russia this week, China's leader Xi Jinping and India's Prime Minister Narendra Modi shook hands for the first time in five years. AdvertisementAfter their meeting at the summit hosted by Russia's President Vladimir Putin, Xi and Modi said they would continue discussions on resolving the issue. AdvertisementIn any case, its a setback in US attempts to include India in a deeper security alliance, he said. "For a long time, the US has tried to develop security and defense ties with India," said Panda.

Persons: China's Xi Jinping, Narendra Modi, that's, —, Xi Jinping, Vladimir Putin, Xi, Modi, Jagannath Panda, Putin, Zhiqun Zhu, Zhu, Yawar Nazir, Praveen Donthi, there's, Rahul Bhatia, Donthi, it's Organizations: Service, India's, Russia's, US, Stockholm Center, South, Pacific Affairs, Bucknell University, America, Reuters, Quad Alliance, Getty, Eurasia Group Locations: China, Russia, Washington ,, India, Japan, Australia, United States, Beijing, Asia, Pacific, Indian, Leh, South Asia, Europe, Ukraine, Taiwan

☆ Elon Musk's secret talks with Putin ramped up during his Twitter takeover: WSJ report
▼ + stars: | 2024-10-25 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +7 min

watch nowTesla and SpaceX CEO Elon Musk has engaged in secret talks with Russian President Vladimir Putin since late 2022, according to reporting published Thursday by The Wall Street Journal. Currently, the SpaceX website says that a "service date is unknown at this time," for Starlink in Taiwan for general customers. Musk and representatives for X, SpaceX and Tesla did not immediately respond to requests for comment. The conversations between Musk and Putin, who once ran the KGB, reportedly occurred as Musk was in the midst of a leveraged buyout and takeover of Twitter. He continued to promote the idea, via X (formerly Twitter) that some Ukraine citizens would prefer to join Russia.

Persons: Elon Musk, Vladimir Putin, Putin, Musk, withold, Xi Jinping, Bill Nelson, Donald Trump's, Donald Trump, Anna Moneymaker, Mike Gallagher, StarShield, Tesla, NASA's, Joe Raedle, Ian Bremmer, Volodymyr Zelenskyy, Sen, Lindsay Graham, Garry Kasparov, Lisi Niesner, Yuri Milner, Dana Rohrabacher, Rohrabacher, Rohrabacher's Organizations: SpaceX, Wall Street, Republican, Pentagon, NASA, Department of Defense, CNBC, ., NBC, X, KGB, Twitter, Polaris, NASA's Kennedy Space Center, Eurasia Group, NATO, Kremlin, Eastern Economic, Reuters, SXSW, Roscosmos, Russian Space Locations: U.S, Russia, Ukraine, Taiwan, Beijing, Washington, Butler , Pennsylvania, China, Starlink, Cape Canaveral , Florida, Crimea, Ukrainian, Sevastopol, Vladivostok, Bakhmut, Donetsk region, Silicon, Russian, Orange County , California, Moscow

☆ Putin once asked Elon Musk to not activate Starlink over Taiwan as a favor to Xi Jinping: report
▼ + stars: | 2024-10-25 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

Vladimir Putin asked Elon Musk to withhold Starlink from Taiwan as a favor to China, per The Wall Street Journal. Musk has been in regular contact with Putin since 2022, the Journal reported, citing officials. AdvertisementRussian leader Vladimir Putin once asked Elon Musk to withhold Starlink access from Taiwan as a favor to China's Xi Jinping, The Wall Street Journal reported. AdvertisementThe Journal reported that in late 2023, Musk received his first request from the Kremlin to refrain from activating Starlink over Taiwan. Musk, SpaceX, the Pentagon, and NASA also did not respond to similar comment requests.

Persons: Vladimir Putin, Elon Musk, Musk, Putin, —, Xi, Defense Department —, Ian Bremmer, Per Bremmer, Dmitry Peskov, Peskov, Musk's, Donald Trump, Karoline Leavitt, there's, it's President Trump, Leavitt, Trump Organizations: Street, Service, Street Journal, SpaceX, Pentagon, NASA, The New York Times, Defense Department, Business, New York Times, Eurasia Group, Kremlin, Putin, Trump, it's, Republican Locations: Starlink, Taiwan, China, Moscow, Beijing, Europe, Russia, Russian, Washington, Ukraine, Crimea

☆ TSMC chips reportedly ended up at Huawei. It raises concerns about 'shadow networks' bypassing US sanctions.
▼ + stars: | 2024-10-24 | by ( Huileng Tan | Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

TSMC halted shipments to a client after its chips were found in Huawei products, per reports. Min-yen Chiang, a researcher, told BI it raises the questions about a "shadow network" of chip supply. TSMC, Huawei, and the Commerce Department did not immediately respond to Business Insider's requests for comments. Related storiesA 'shadow network' of chipsThe report adds to US concerns that Huawei is potentially obtaining advanced chips despite being blacklisted since 2020. "This question is slightly different than whether Huawei got restricted chips from TSMC through illegal channels," she told GZERO Media, a subsidiary of the Eurasia Group.

Persons: Chiang, —, TSMC, John Moolenaar, Moolenaar, Kate Leaman, Leaman, JW Kuo, Xiaomeng Lu, Lu Organizations: Huawei, Service, Taiwan Semiconductor Manufacturing Company, Huawei Technologies, AFP, Bloomberg, Chinese Communist Party, CCP, BIS, Commerce Department, US Commerce Department, Apple, Nvidia, Export, US Commerce, agency's Bureau of Industry, Security, Eurasia Group, GZERO Media Locations: Taipei

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