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☆ Here’s why Americans traveling to Europe may find bargains in 2025
▼ + stars: | 2024-11-30 | by ( Greg Iacurci | ) www.nbcnews.com time to read: +5 min

Americans traveling to Europe next year may be in store for some bargains. “That’s a good thing for American tourists traveling abroad in Europe,” said Brendan McKenna, an international economist at Wells Fargo Economics. Now, euro parity is “back on the cards,” James Reilly, senior markets economist at Capital Economics, wrote in a research note Nov. 11. For one, the U.S. economy has “held up a lot better than anyone has been expecting” over the past year or two, in stark contrast with Europe, Reilly said. Of course, there’s a risk Europe retaliates with its own tariffs or somehow penalizes Americans by raising certain consumer prices, such as airfares, Reilly said.

Persons: “, ”, Brendan McKenna, Donald, ” James Reilly, Reilly, it’s, Trump, ” Reilly, McKenna, Wells Organizations: U.S ., U.S, Wells, Wells Fargo Economics, European Union, Capital Economics, ICE, CNBC, Travelers, U.S . Federal, European Central Bank, ECB, Treasury Locations: Europe, Wells Fargo, Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain, China, Canada, Mexico, U.S, Trump

☆ Here's why Americans traveling to Europe may find bargains in 2025
▼ + stars: | 2024-11-30 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

The currency most recently hit parity with the dollar in 2022, for the first time in two decades, before rebounding. watch nowNow, euro parity is "back on the cards," James Reilly, senior markets economist at Capital Economics, wrote in a research note Nov. 11. Tariffs, interest rates and a strong economyTariffs and trade policy are major factors influencing euro-USD currency dynamics, economists said. James Reilly senior markets economist at Capital EconomicsTariffs on Europe could reduce demand for its exports, causing Europe's economy to weaken and the euro to lose value, economists said. Interest-rate differentials also have a large influence on relative currency movements, economists said.

Persons: Oscar Wong, James Reilly, Reilly, it's, Trump, McKenna, Wells Organizations: U.S ., European Union, Capital Economics, ICE, CNBC, Travelers, U.S, U.S . Federal, European Central Bank, ECB, Treasury Locations: Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain, China, Canada, Mexico, Europe, Wells Fargo, U.S, Trump

☆ Sweden asks China to cooperate in Baltic Sea cable investigation
▼ + stars: | 2024-11-29 | by ( Sophie Tanno | ) edition.cnn.com time to read: +2 min

CNN —Sweden has sent a formal request to China to cooperate with an investigation into suspected sabotage over the sudden disruption of two submarine internet cables in the Baltic Sea earlier this month, after tracking data linked a Chinese ship to the incidents. “Sweden has sent a formal request to China to cooperate with Swedish authorities in order to create clarity on what has happened,” Swedish Prime Minister Ulf Kristersson told reporters on Thursday. Kristersson also said that Sweden has asked for the Chinese ship to return to Swedish waters in order to aid its investigation. The C-Lion1 submarine telecommunications cable being laid to the bottom of the Baltic Sea in this file image from October 2015. The vessel, called Yi Pen 3, had been sailing out of the Baltic Sea after a stop in the port of Vistino, Russia.

Persons: Ulf Kristersson, Kristersson, Lithuania –, Boris Pistorius, Heikki Saukkomaa, Lin Jian, “, ” Organizations: CNN, German, Swedish Prosecution Authority, National Unit, International, National Bureau of Investigation, Getty Locations: Sweden, China, Baltic, Swedish, Denmark, Finland, Germany, Lithuania, States, Moscow, AFP, Kpler, Vistino, Russia

☆ Undersea cable cuts in the Baltic Sea are stoking geopolitical tensions — here's what's going on
▼ + stars: | 2024-11-28 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

Mikkel Berg Pedersen | Ritzau Scanpix | Afp via Getty ImagesGeopolitical tensions are brewing globally over the cutting of subsea cables — critical infrastructure powering cross-border internet connectivity — in the Baltic Sea. Zoom In Icon Arrows pointing outwards A data visualization map showing the C-Lion1 undersea cable which connected Finland and Germany. Arelion, the company which owns it, told CNBC data traffic was rerouted to alternative links as it worked to repair the cable. Repairing subsea cables is no mean feat, according to Andy Champagne, senior vice president and chief technology officer of Akamai Labs. And, when there is an issue with a subsea cable, repairing it is a non-trivial job."

Persons: Mikkel Berg Pedersen, Ritzau Scanpix, it's, Andy Champagne, Martin Lee, Lee, Elina Valtonen, CNBC's, Valtonen Organizations: Afp, Getty, CNBC, Cinia, BCS, West, Telia, Akamai Labs, Cisco Locations: Baltic, Finland, Sweden, Ukraine, Russia, Germany, Finnish, Central Europe, Lithuania, West Interlink, Telia Lithuania, China, London

☆ See the Chinese cargo ship suspected of sabotaging critical undersea cables between 4 NATO countries
▼ + stars: | 2024-11-28 | by ( Lauren Frias | ) www.businessinsider.com time to read: +1 min

A timeline of eventsThe Chinese bulk carrier Yi Peng 3 is anchored near Denmark amid an investigation. Ritzau Scanpix/Mikkel Berg Pedersen via ReutersOn November 15, Yi Peng 3 departed from Russia's Ust-Luga port on the Baltic Sea carrying Russian fertilizer. The Ust-Luga port is the largest universal port on the Baltic Sea and the Kremlin's second-largest port after Novorossiysk on the Black Sea. Since Sweden and Finland joined the alliance, the Baltic Sea has been referred to as "NATO lake" because it is almost entirely populated by alliance members. Two days later, investigators established that the Chinese vessel dropped its anchor around 9 p.m. local time, The Wall Street Journal reported Wednesday.

Persons: Yi Peng, Ritzau Scanpix, Mikkel Berg Pedersen Organizations: Reuters, NATO, Street, Investigators, Danish Locations: Denmark, Russia's Ust, Novorossiysk, Sweden, Finland, Baltic, Lithuania, Germany, Kattegat

☆ Sweden urges Chinese ship to return for undersea cable investigation
▼ + stars: | 2024-11-27 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

The ship now sits idle in international waters but inside Denmark’s exclusive economic zone, closely watched by Danish military vessels. “From the Swedish side we have had contact with the ship and contact with China and said that we want the ship to move towards Swedish waters,” Kristersson told a press conference, adding it would help facilitate the investigation. China’s foreign ministry said the communications channels with Sweden and other relevant parties were “unobstructed,” when asked about Sweden’s request. Western intelligence officials from multiple countries have said they are confident the Chinese ship caused the cuts to both cables. Kristersson said he was hopeful that China would respond positively to the request to move the ship to Swedish waters.

Persons: Ulf Kristersson, Boris Pistorius, Yi Peng, Kristersson, “ We’re, ” Kristersson, “, ”, Mao Ning, Katja Bego Organizations: German, . Naval Intelligence, U.S, Chatham House, Reuters Locations: Sweden, Baltic, Finland, Germany, Lithuania, Russian, Ust, Luga, Danish, Swedish, China, Russia, Beijing

☆ The West is struggling to give Ukraine the weapons it needs — but there may be a solution
▼ + stars: | 2024-11-26 | by ( Hannah Abraham | Tom Porter | ) www.businessinsider.com time to read: +3 min

Ukraine's European allies, hampered by low military production capacity, have been struggling to produce the weapons needed for Kyiv to fight against Russia. Ukraine already has a strong weapons manufacturing industry. An Institute for the Study of War report said Ukraine's defense industry employed 300,000 workers within about 500 different companies in 2023. AdvertisementHe added that supporting Ukraine's defense industry lets the West help ensure Ukraine is self-sufficient. Meanwhile, the US has accused China of providing dual-use goods for Russia's military industry to overcome sanctions.

Persons: Volodymyr Zelenskyy, Vladimir Putin, Eric Ciaramella, Zelenskyy, Sinead Baker Organizations: Russia, Wall Street, Denmark, Carnegie Endowment's, Eurasia Program, Reuters, Storm Shadow, North Locations: Danish, Norway, Sweden, Denmark, Lithuania, Ukraine, Kyiv, Russian, Moscow, Carnegie Endowment's Russia, Russia, North Korea, China

☆ DHL plane crash: German leaders float sabotage questions
▼ + stars: | 2024-11-26 | by ( Rob Picheta | ) edition.cnn.com time to read: +5 min

CNN —German leaders raised the possibility that a fiery cargo plane crash in Lithuania on Monday was the result of sabotage or hybrid warfare. The cargo plane was flying from Leipzig, Germany, and was due to land at Vilnius Airport when it crashed a few kilometers from the runway. The plane skidded on the ground for several hundred meters before hitting a residential home, authorities in Lithuania said. “Our initial information does not indicate that we need to be investigating more serious actions,” Prosecutor Arturas Urbelis said in a statement, according to Reuters. DHL said the plane “made a forced landing about one kilometer from VNO Airport.” It confirmed four people were onboard.

Persons: Olaf Scholz, ” Scholz, Annalena Baerbock, Arturas Urbelis, ”, Lukas Balandis, Darius Jauniskis, “, ” Kestutis Budrys, Gitanas Nauseda, Hendrik Schmidt, ” Budrys, Dmitry Peskov, Valdas Benkunskas, Arūnas Paulauskas Organizations: CNN, Monday, Vilnius Airport, ZDF, Lithuanian, ”, Reuters, US National Transportation Safety, Boeing, US Federal Aviation Administration, Vilnius International, Wall Street Journal, Moscow, NATO, DHL, Wall Street, VNO Airport, ” DHL, Vilnius, Lithuanian Police Locations: Lithuania, Leipzig, Germany, Spanish, Europe, Vilnius, United Kingdom, Canada, Leipzig's, Birmingham, UK

A DHL cargo plane crashed into a house in the Lithuanian capital, Vilnius, killing one person on board and injuring three passengers, authorities in the Baltic nation said Monday. "According to preliminary data, a cargo aircraft carrying 4 people crashed near the Vilnius International airport at 5.30 AM local time. The Department of Fire Protection and Rescue said in a statement: "It turned out that a cargo plane had crashed and a residential house caught fire. Plane wreckage lies in the courtyard of a house near Vilnius International Airport in Lithuania on Monday. Vilnius Airport confirmed the crash in a statement and said special services and rescue teams were working at the scene.

Persons: Petras Malukas, ’, Dmitry Peskov Organizations: DHL, Vilnius International, NBC News, Department of Fire, Vilnius International Airport, Getty, Crisis Management Center, Reuters, Police, Republic Vilnius University Hospital, Lithuanian, Vilnius Airport, ” Locations: Lithuanian, Vilnius, Baltic, Leipzig, Lithuania, AFP, Germany, United Kingdom, America, Birmingham, England, Poland, United States, Canada

☆ Vilnius: Cargo plane crashes near Vilnius airport
▼ + stars: | 2024-11-25 | by ( Helen Regan | Edward Szekeres | ) edition.cnn.com time to read: 1 min

CNN —A cargo plane flying from Leipzig, Germany crashed outside Vilnius Airport in Lithuania, an airport spokesperson confirmed to CNN Monday. “The city’s special services are working at the scene and leading the rescue efforts, as well as crews from the Vilnius Airport Fire Service,” the airport spokesperson said. The spokesperson said due to “ongoing rescue work near Vilnius Airport,” departures for several aircraft have been delayed. “All scheduled aircrafts are currently taking off from Vilnius Airport,” the spokesperson said. Reuters reported that the cargo plane that crashed was a DHL aircraft.

Organizations: CNN, Fire Service, Vilnius Airport, Reuters, DHL Locations: Leipzig, Germany, Vilnius Airport, Lithuania, Vilnius, Zirniu

☆ At least 1 person is dead after a DHL cargo plane crashed into a house
▼ + stars: | 2024-11-25 | by ( Aditi Bharade | Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +3 min

AdvertisementA DHL cargo plane crashed into a house near Lithuania's Vilnius airport. A DHL cargo plane crashed into a house near Lithuania's Vilnius airport, killing at least one person and injuring three others. The plane, a Boeing 737 aircraft en route from Germany, crashed outside Vilnius International Airport at around 5:30 a.m. local time, the airport said on Facebook. All 12 residents of the house that was crashed into are safe and have been evacuated, Reuters reported, citing information from a police press conference. "Residential infrastructure around the house was on fire, and the house was slightly damaged, but we managed to evacuate people," he added.

Persons: Valdas Benkunskas, Benkunskas, Benkuskas, Arūnas Paulauskas, Paulauskas Organizations: DHL, Boeing, Facebook, Swift Air, LEJ Airport, VNO, Associated Press, Reuters, AP, CNN Locations: Lithuania's Vilnius, Leipzig, Germany, Vilnius, Nepal, Lithuania, VNO

☆ DHL cargo plane crashes as it nears Lithuania airport, killing one
▼ + stars: | 2024-11-25 | by ( ) www.cnbc.com time to read: +3 min

25 November 2024, Saxony, Schkeuditz: A DHL cargo plane at the DHL Air Hub, the air freight center at Leipzig / Halle Airport. A cargo plane taking off from Leipzig on behalf of the postal service provider DHL crashed into a residential building near the airport in the Lithuanian capital Vilnius early this morning. Photo: Hendrik Schmidt/dpa (Photo by Hendrik Schmidt/picture alliance via Getty Images)A DHL cargo plane crashed as it came into land at Lithuania's Vilnius airport early on Monday, skidding into a house and killing one person on the aircraft. An airport spokesperson said the plane was a Boeing 737-400. Leipzig Airport operator Mitteldeutsche Flughafen AG declined to comment on the crash.

Persons: Hendrik Schmidt, Darius Jauniskis, Flightradar24 Organizations: DHL, DHL Air Hub, Halle Airport, Vilnius, dpa, Getty, Swiftair, Crisis Management Center, Police, Boeing, Firefighters, Mitteldeutsche Flughafen Locations: Saxony, Schkeuditz, Leipzig, Lithuanian, Lithuania's Vilnius, Germany, British, Europe, United States

☆ DHL Cargo Plane Crashes Near Airport in Lithuania, Killing 1
▼ + stars: | 2024-11-25 | by ( Yan Zhuang | More About Yan Zhuang | ) www.nytimes.com time to read: +1 min

A DHL cargo plane crashed in a residential area near an airport in Vilnius, Lithuania, killing one person on board and setting a house ablaze, officials said. The plane crashed just outside Vilnius Airport at about 5:30 a.m., the airport said in a statement. One of the four people on board was killed, Tadas Vasiliauskas, a spokesman for Lithuanian Airports, which manages Vilnius Airport, said in a phone interview. The DHL plane, operated by Swiftair, a company based in Spain, crashed just before it was set to land, Mr. Vasiliauskas said. The plane crashed near a two-story home, burst into flames and set the building on fire, Renata Liaudanskiene, a spokeswoman for Lithuania’s Fire and Rescue Department, said by email.

Persons: Ramunas, Tadas, Vasiliauskas, Renata Liaudanskiene Organizations: DHL, Lithuanian Airports, Vilnius Airport, Swiftair, Rescue Department Locations: Vilnius, Lithuania, Leipzig, Germany, Spain

☆ U.S. Defense Firms Are Warned About Russia’s Sabotage Campaign
▼ + stars: | 2024-11-21 | by ( Julian E. Barnes | More About Julian E. Barnes | ) www.nytimes.com time to read: +1 min

“Those involved in work tied to Ukraine or other geopolitical conflicts should be cautious about disclosing work, travel, personal and family information online,” the warning said. So far all of Russia’s known sabotage attacks have taken place in Europe, although Russian intelligence has targeted many countries, including Britain, France, Germany, Lithuania and beyond. But some officials believe that Russia wants to expand its sabotage campaign to the United States, particularly if the Biden administration in its closing weeks continues to support Ukraine in its war against Russia or takes steps that Russia sees as escalatory. A small fire at the Scranton Army Ammunition Plant in Pennsylvania in September, and another incident at the same site in April, set off concerns that Russia had extended its campaign to the United States. But officials believe those fires were an accident, not sabotage.

Persons: “, Biden Organizations: Scranton Army, Plant Locations: Ukraine, Russia, United States, Europe, Britain, France, Germany, Lithuania, Scranton, Pennsylvania

☆ Danish military says it staying close to Chinese ship after data cable breaches
▼ + stars: | 2024-11-20 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

The Danish military said Wednesday that it was staying close to a Chinese ship currently sitting idle in Danish waters, days after two fiber-optic data telecommunication cables in the Baltic Sea were severed. Chinese bulk carrier Yi Peng 3 was anchored in the Kattegat strait between Denmark and Sweden on Wednesday, with a Danish navy patrol ship at anchor nearby, MarineTraffic vessel tracking data showed. “The Danish Defense can confirm that we are present in the area near the Chinese ship Yi Peng 3,” the military said in a post on social media X, adding it had no further comments. It is quite rare for Denmark’s military to comment publicly on individual vessels travelling in Danish waters. It did not mention the cable breaches or say why it was staying with the ship.

Persons: Yi Peng, “, Carl, Oskar Bohlin, Dmitry Peskov, ” Organizations: Danish Defense, Swedish Civil Defense, Reuters, coastguard Locations: Danish, Baltic, Denmark, Sweden, Russian, Ust, Luga, Lithuania, Finland, Germany, Swedish, Russia

☆ A Chinese ship was near both subsea internet cables that were mysteriously cut, report says
▼ + stars: | 2024-11-20 | by ( Mikhaila Friel | Tom Porter | ) www.businessinsider.com time to read: +3 min

AdvertisementA Chinese ship was seen near severed Baltic Sea internet cables, the FT reported. Sweden is investigating the sighting of a Chinese vessel near where two Baltic Sea internet cables were severed, the Financial Times reported. AdvertisementThe Danish defense ministry said it was "in the area near" the Chinese ship in a statement on X Wednesday, amid unconfirmed reports that Danish officials had boarded the vessel. The International Union of Marine Insurance estimates that repairing damaged cables usually costs between $7 and $12 million. AdvertisementIt comes amid tensions between the West and China over its support of Russia in the war against Ukraine.

Persons: Boris Pistorius, Yi Peng, Erin Murphy, Murphy Organizations: Financial Times, FT, Danish Navy, Strategic, International, Russia, Foreign, International Union of Marine Insurance, Ukraine, Sweden's Ministry, Foreign Affairs, Marine, China's Embassy, Business Locations: Sweden, China, Lithuania, Sweden's Gotland, Russia, Ukraine, Germany, Finland, France, Italy, Poland, Britain, Egypt, Gulf of Finland, West

☆ Why the West's vital undersea cables are so vulnerable to attack
▼ + stars: | 2024-11-20 | by ( Tom Porter | ) www.businessinsider.com time to read: +7 min

The vast networks of data cables that crisscross our world's oceans are crucial for almost every aspect of modern life. Related Video Ukraine's sea drones vs. Russia's Black Sea FleetDespite their importance, events this week have highlighted just how vulnerable the West's internet subsea cables are to attacks from hostile powers. Unlike Russia, whose internet cables mostly run overland, the cables Western countries rely on are deep under the sea — and it's an asymmetrical vulnerability Russia is signaling it could exploit. AdvertisementIn response to the threat, Western countries are trying to better protect existing cable networks or route data through satellites if they are disrupted. In the CSIS report in August, Murphy and other analysts called for the US to strengthen international coordination and enhance resources to protect existing undersea cable networks.

Persons: Boris Pistorius, Gregory Falco, KIRILL KUDRYAVTSEV, Falco, Erin Murphy, Sidharth, Murphy, Sybille Reuter, Henri Kronlund Organizations: German, Financial Times, Sibley School of Mechanical, Aerospace Engineering, Cornell University, Getty, AIS, Emerging, CSIS, General Staff, Directorate, Cinia, West Locations: Baltic, Russia, China, Germany, Finland, Sweden, Lithuania, Ukraine, Russian, Vladivostok, Western Europe, India, Emerging Asia, Washington ,, London, Iceland

☆ Undersea cables cut in Baltic Sea; U.S. allies warn of hybrid warfare amid Russia clash
▼ + stars: | 2024-11-19 | by ( Freddie Clayton | Freddie Clayton Is A Freelance Journalist Based In London. | ) www.nbcnews.com time to read: +1 min

U.S. allies warned of "hybrid warfare" Tuesday after two undersea communication cables were severed in the Baltic Sea, raising suspicions that they may be the latest acts of sabotage targeting the West as it clashes with Russia. German Defense Minister Boris Pistorius said Tuesday that "no one believes that these cables were cut accidentally" after a rupture in a 730-mile cable linking Germany and Finland was detected Monday. "We have to state, without knowing specifically who it came from, that it is a ‘hybrid’ action," he said. Western officials have accused the Kremlin of intensifying a campaign targeting Ukraine's allies while assaulting its neighbor in a war that reached 1,000 days on Tuesday. "European security is not only under threat from Russia’s war of aggression against Ukraine, but also from hybrid warfare by malicious actors," the foreign ministers of Germany and Finland said in a joint statement.

Persons: Boris Pistorius, Arelion, NATO — Organizations: German, NBC, Swedish Armed Forces, NATO Locations: Baltic, Russia, Germany, Finland, Gotland, Ukraine

☆ 2 cut undersea internet cables — a suspected Russian sabotage — highlight a fragile global network
▼ + stars: | 2024-11-19 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

AdvertisementTwo subsea data cables in the Baltic Sea were damaged this week. Two subsea telecoms cables in the Baltic Sea have been damaged in a suspected act of Russian sabotage, highlighting the fragility of the world's data networks. AdvertisementThe impactAs the world has become more dependent on the internet, subsea cables have become increasingly vital. The cables carry vital internet data between countries, including streaming services and financial information. "The writing has been on the wall for a while now relating to subsea cable disruption.

Persons: Boris Pistorius, Telia, Cinia, Carl, Oskar Bohlin, Gregory Falco Organizations: Cables, Telia, NATO, International Union of Marine Insurance, TRT, General Staff, Directorate, West, Cornell University, BI, CSIS, Analysts, Atlantic Council Locations: Baltic, Germany, Finland, Lithuania, Sweden's Gotland, Russia, Ukraine, Lofoten, Norway

☆ Baltic Sea internet cables cut: European officials cry sabotage
▼ + stars: | 2024-11-19 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +3 min

CNN —European officials are looking toward Russia after two submarine internet cables in the Baltic Sea were suddenly disrupted in an apparent sabotage operation, just weeks after the United States warned that Moscow was likely to target critical undersea infrastructure. A cable between Lithuania and Sweden was cut on Sunday, according to Telia Lithuania, the telecommunications company that runs the link. Separately, the state-controlled Finnish telecoms company Cinia said one of its cables, which connects Finland and Germany, was disrupted on Monday. ”Nobody believes that these cables were accidentally severed,” he told reporters on Tuesday morning ahead of a ministerial meeting in Brussels, Belgium. The extent of the disruption, if any, caused by the damage to the cables is unclear.

Persons: Cinia, Boris Pistorius, ”, “, “ Pistorius, Telia, Andrius Šemeškevičius, – Organizations: CNN, Germany’s, Museum of Occupation, European Union, BCS Locations: Russia, Baltic, States, Moscow, Lithuania, Sweden, Finnish, Finland, Germany, Brussels, Belgium, Ukraine, Czech, Prague, Riga, Latvia, Ukrainian, London, Warsaw, Poland, Belarus, Helsinki, Rostock, Lithuanian

☆ European tech CEOs urge 'Europe-first' mentality to counter U.S. dominance after Trump victory
▼ + stars: | 2024-11-18 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

Thomas Plantenga, CEO of used fashion resale app Vinted, on center stage during Web Summit 2024 in Lisbon, Portugal. The Republican politician's victory was a key topic on various prominent tech bosses' lips at the Web Summit conference in Lisbon, Portugal. "It's time for Europe to step up," Yen told CNBC on the sidelines of Web Summit. US Big Tech 'playing extremely unfairly'However, Proton's Yen urged the EU not to water down its push to rein in America's tech giants. 'AI sovereignty' now a key battlegroundAnother theme that attracted much chatter on the ground at Web Summit was the idea of "AI sovereignty."

Persons: Thomas Plantenga, Harry Murphy, Donald Trump's, Andy Yen, Yen, Trump, Proton's Yen, Mitchell Baker, Baker, it's, Plantenga, we'll, OpenAI, Christian Kroll, Shelley McKinley, GitHub, McKinley Organizations: Web, Getty Images, Portugal — Tech, Big, Republican, Proton, CNBC, European Union, Apple, Microsoft, Meta, Markets, US Big Tech, Mozilla Foundation, Google, Trump Locations: Lisbon, Portugal, Getty Images LISBON, Europe, America, EU, Lithuania

☆ The air freight industry is on high alert after fires at DHL warehouses were linked to Russian sabotage operations
▼ + stars: | 2024-11-08 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +6 min

Fires at DHL warehouses this year may have been part of Russian sabotage operations, officials have said. AdvertisementSuspected Russian sabotage activities targeting the air freight industry have been on the rise this year, and the industry is preparing for further action. Speaking a few months after the DHL fires, the chief of the UK's MI6 intelligence service, Richard Moore, said he believed Russian intelligence services had "gone a bit feral." AdvertisementKremlin Spokesman Dmitry Peskov has denied Russia's involvement in sabotage operations in Europe. The Federal Office for the Protection of the Constitution, Germany's domestic intelligence services, and the BND declined to comment further.

Persons: —, Brandon Fried, Fried, Thomas Haldenwang, Haldenwang, Frank Umbach, Umbach, Richard Moore, Shashank Joshi, Joshi, Dmitry Peskov, KIRILL KUDRYAVTSEV, Keir Giles, Giles, that's Organizations: DHL, Service, Airforwarders Association, Street Journal, Financial, Energy, Security, University of Bonn, Rheinmetall, Royal United Services Institute, NATO, Military Counterintelligence Service, Federal Office, Getty Images, Chatham House's, Eurasia Program Locations: Europe, Russia, Moscow, Germany, America, Leipzig, Birmingham, Lithuania, North America, Russian, Ukraine, AFP, Chatham House's Russia

☆ Cargo plane operators are on high alert after a string of suspected Russian sabotages
▼ + stars: | 2024-11-08 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +6 min

☆ Raygun, the Olympic breakdancer who became a laughing stock, says she is retiring because of the backlash
▼ + stars: | 2024-11-07 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +5 min

Gunn suffered ridicule and false rumors after her Paris Olympics performance. AdvertisementThe Olympic breakdancer Rachael "Raygun" Gunn is retiring from the sport after facing a barrage of online hate and misinformation. The 37-year-old Australian became a laughing stock this summer after her viral Paris Olympics performance, which included moves that were compared to a kangaroo hopping and the dancing of a child. Speaking at her concert in Munich in August, Adele said Gunn's performance was her "favorite thing that's happened in the Olympics." "Having that Olympic stamp for any sport changes the game of play," Born Barikor, the chair of the UK organisation Breaking GB, told Fortune.

Persons: Rachael, Raygun, Gunn, —, France's Syssy, Lithuania's Nicka, she'd, 2DayFM, it's, Samuel Free, AUSBreaking, Harry Langer, Adele, Jimmy Fallon, Fallon, I've, you've, Mark Kolbe, Joycelyn Wilson, Fortune, Gunn didn't Organizations: breakdancing, Olympics, Angeles, Service, Paris Olympics, Angeles Olympics, International Olympic, Getty, Georgia Institute of Technology, Breaking, Macquarie University, Nova, Business Locations: Sydney, Munich, Australian

☆ NATO chief warns that the alliance can't afford to not back Ukraine as Trump snatches a White House win
▼ + stars: | 2024-11-06 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Donald Trump won the presidential election Wednesday, clearing the way for his return to the White House. His past rhetoric has raised concerns over the future of US security assistance to Ukraine and support for NATO. But in a new op-ed, the NATO chief said the military alliance can't afford to stop supporting Kyiv. It did not mention Trump, nor did it single out the US over its military support. AdvertisementIn a social media post earlier in the day, Rutte said he congratulated Trump on winning the election.

Persons: Donald Trump, —, Donald Trump's, Mark Rutte, Rutte, Joe, Carolyn Kaster, Putin, Rutte's, Trump, Biden, Volodymyr Zelenskyy, Julia Demaree Nikhinson, logjam, Laurynas Organizations: NATO, Service, Russia, Dutch, POLITICO, AP, Ukraine, Trump, Transatlantic, Kyiv's, Alliance Locations: Ukraine, Kyiv, Washington, China, Iran, North Korea, Russia, Donetsk, Europe, New York

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