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☆ Ray Dalio says to understand Trump's 2nd administration, you should study how far-right governments in the 1930s worked
▼ + stars: | 2024-11-21 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

AdvertisementRay Dalio said Trump's approach to governance was tried by hard-right states in the 1930s. Dalio, who often publishes personal remarks on the global economy, wrote a LinkedIn commentary on Wednesday with his predictions for a second Trump administration. Advertisement"Think of Gordon Gekko and the perspective he conveyed in his 'greed is good' speech," Dalio wrote of Trump's approach, referring to Michael Douglas' character from "Wall Street," the 1987 film. Dalio wrote that he isn't saying Trump's administration would be fascist or that Trump would behave like fascist leaders. Brandon Bell/Getty ImagesTheir mission, Dalio wrote, is to "create maximum economic strength and fight foreign enemies."

Persons: Ray Dalio, Trump, Donald Trump, Trump's, Elon Musk, Vivek Ramaswamy, Gordon Gekko, Dalio, Michael Douglas, Ramaswamy, Marco Rubio, Tucker Carlson, Steve Bannon, Brandon Bell, Pete Hegseth, Elise Stefanik Organizations: Bridgewater Associates, of Government, Trump, SpaceX, Fox News, Defense Secretary, New York, United Nations, US Senate, Republican, Business Locations: United States, Washington, China

☆ US admiral says sending Israel and Ukraine weapons like Patriot missiles is eating into what's needed for countering China
▼ + stars: | 2024-11-20 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

"It's now eating into stocks," he said on Tuesday of advanced weapon shipments to Ukraine and Israel. The US Navy's top commander in the Indo-Pacific raised concerns on Tuesday that the Pentagon's advanced weapons shipments to Ukraine and Israel could sap the strength it needs to deal with China. While speaking at the Brookings Institution, Adm. Samuel Paparo said he initially hadn't been concerned with the weapons sent to the Middle East and Europe. Adm. John Aquilino, Paparo's predecessor at Indopacific Command, said in March that China could be ready to invade Taiwan as early as 2027. AdvertisementPress teams for the Pentagon and Indo-Pacific Command did not respond to requests for comment sent outside regular business hours by Business Insider.

Persons: Sam Paparo, Paparo, Samuel Paparo, hadn't, who's, it's, John Aquilino, Mike Miniham Organizations: Pentagon, US, Brookings Institution, Pacific Command, Patriots, Israel, Indopacific Command, US Air Force, Press, Business Locations: China, Ukraine, Israel, East, Europe, Kyiv, People's Republic of China, Russia, Taiwan, Beijing

☆ Putin paying for 100,000 North Korean troops helps him delay a second mobilization: ISW
▼ + stars: | 2024-11-19 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

AdvertisementNorth Korean troops in Russia help Putin beyond sheer manpower needs — they help him at home, too. "The deployment of roughly 100,000 North Korean personnel would only replace Russian losses for less than three months," the think-tank wrote. In total, that could mean 100,000 North Korean troops cycling in and out of combat within a year, he said. The North Korean troops in Russia are believed to be special forces, which South Korean intelligence estimates say consist of about 200,000 members in total. AdvertisementSeoul also says that Russia is paying about $2,000 a month for each North Korean soldier.

Persons: Putin, ISW, Vladimir Putin, Kim, Russia's, Dmytro, Kim Jong Un Organizations: Putin, Kremlin, Institute for, Korean, Bloomberg, North Locations: Russia, The Washington, Moscow, Ukraine, Pyongyang, Kursk, Kyiv, North Korea, South Korea, America, Seoul, Korean, South

But many Syracuse residents feel that a potential threat to their health is being ignored. “This is morally outrageous.”City officials say that more than 14,000 homes receive water from lead pipes, which comprises about a quarter of residences citywide. In Syracuse, officials say there is no lead in the lake that provides drinking water to residents. That’s faster than EPA guidelines that call for lead pipes to be replaced within a decade. Activists hope Syracuse officials will learn lessons from the Flint water crisis, during which almost 30,000 children drank and bathed in lead-laced water before the EPA stepped in.

Persons: retesting, Maureen Murphy, Mike Groll, ”, Erik Olson, NRDC, Greg Loh, Loh, “ We’ve, ” Loh, Robert Brandt, ” Brandt, Oceanna, Fair, Ella, it’s, Dr, Nicole Brescia, Ella’s, Kyla Guilfoil, Erin McLaughlin, Emily Berk, Elizabeth Chuck Organizations: Syracuse City Hall, Environmental Protection Agency, Centers for Disease Control, CDC, EPA, Natural Resources Defense Council, Syracuse, NBC News, New York State Department of Health, Water, Oceanna, Health Department Locations: SYRACUSE, New York, Flint , Michigan, Syracuse, N.Y, Flint, Michigan, week’s, “, Onondaga County

☆ Trump picked a Project 2025 coauthor to run the FCC. Here's what it means for Big Tech.
▼ + stars: | 2024-11-18 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

He's the author of the FCC chapter of Project 2025, which hopes to cut Big Tech's immunity for content moderation. Carr's stance on Big TechIn his Project 2025 chapter, Carr writes that one of his four main goals for the FCC is "Reining in Big Tech." His interpretation of the section would give Big Tech immunity only against being compelled to take down content. AdvertisementHe proposed that Big Tech firms be compelled to make public their traffic and monetization algorithms, saying they now operate in a "black box." Carr's two other points in his Project 2025 chapter are to increase accountability measures for federal tech programs and to drive hard to develop 5G infrastructure.

Persons: Donald Trump, Brendan Carr, Carr, that's, Trump Organizations: Federal Communications Commission, FCC, Republican, Republicans, Department of Education, Innovators, Big Tech, Communications, Universal Service Fund, China's Locations: America, Big Tech, China, Russia, Iran

☆ Meet the top 4 candidates Trump is considering for Secretary of the Treasury
▼ + stars: | 2024-11-18 | by ( Matthew Loh | ) www.businessinsider.com time to read: +8 min

AdvertisementLast week, Trump was said to be deciding between two leading candidates for Treasury Secretary. Here are the top picks Trump is reportedly now considering for Secretary of the Treasury. Kevin WarshKevin Warsh, center, is rising as one of the candidates for Trump's Treasury Secretary. AdvertisementMarc RowanMarc Rowan isn't said to be actively lobbying for Treasury Secretary, but his aides have reportedly been in touch with the Trump administration. Drew Angerer/Getty ImagesBessent, 62, was one of the original frontrunners for Trump's Treasury Secretary.

Persons: Trump, Kevin Warsh, Marc Rowan, Donald Trump, Robert F, Kennedy Jr, Florida Sen, Marco Rubio, Janet Yellen, he's, it's, Kevin Warsh Kevin Warsh, Tasos Katopodis, Warsh, Morgan Stanley, George W . Bush, Axios, Jerome Powell, Marc Rowan Marc Rowan isn't, PETER, Getty Images Rowan, Rowan, Rowan isn't, Howard Lutnick Howard Lutnick, ANGELA WEISS, Cantor Fitzgerald, Lutnick, Linda McMahon, He's, Vance, Elon Musk, Musk, Scott Bessent Scott Bessent, Drew Angerer, Bessent, George Soros, Soros, Breitbart, Kamala Harris, Joe Biden's, MAGA Organizations: Treasury, White, Department of Health, Human Services, State Department, Trump, Street, New York Times, Trump's, Federal Reserve Board, Getty Images, Apollo Global Management, Apollo, Times, Bloomberg, Madison, Garden, AFP Lutnick, WWE, Hamptons, Apple, World Trade, Key, Capital Management, Reuters Locations: Florida, America, Lago

☆ Russia needed armor so badly that its biggest film studio donated 36 Soviet-era tanks that were used as props
▼ + stars: | 2024-11-15 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Mosfilm's head told Putin that it donated 28 T-55 tanks and eight PT-76 tanks to the defense ministry. Mosfilm's website says the studio has over 190 armored vehicles, armored personnel carriers, and self-propelled guns, though it described them as being "disguised" as equipment from various periods. Still, Shakhnazarov's statement comes as Moscow has struggled to maintain its inventory of armored vehicles amid heavy losses in the last two years. Figures from Dutch open-source tracking group Oryx say that Russia has lost 10,888 armored vehicles since the war began, including 3,558 tanks. AdvertisementThe Russian Defense Ministry and Mosfilm did not respond to requests for comment sent outside regular business hours by Business Insider.

Persons: Putin, —, Mosfilm, Karen Shakhnazarov, Vladimir Putin, Shakhnazarov Organizations: Service, Warner Bros, Kremlin, Armed Forces, Royal United Services Institute, Russian Defense Ministry, Business Locations: Russia, Ukraine, Moscow

☆ Wounded Russian troops had their medical payouts cut back in one swift move from the Kremlin
▼ + stars: | 2024-11-14 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

The Kremlin introduced new restrictions on Wednesday to medical payouts for Russia's wounded troops, swiftly enacting a decree that allows only those with severe injuries to receive a promised $30,000. Related VideoBut Russian leader Vladimir Putin's new instruction on Wednesday reduces that payout to $10,000 for less severe injuries and $1,000 for other cases. Russia still holds to a law signed by Putin in March 2022 that entitles those who die in the war to about 7.4 million rubles, or $75,000, as well as 5 million rubles, or $50,000, to their families. AdvertisementThose wounded and deemed "unfit for duty" are also entitled to another 2.96 million rubles on top of their injury payout. The UK estimated that as many as 1,500 Russian soldiers were killed or wounded on average for every day of October.

Persons: Vladimir Putin's, Mikhail Mishustin, Putin, Anna Tsivileva Organizations: Kremlin, Business Locations: Russia, Ukraine, Russian, Ukraine's

☆ China's big air show opened with a glitzy aerial display of its fighters, but crowds couldn't see much in the smog
▼ + stars: | 2024-11-12 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

China's hyped air show kicked off with performances from its aerobatics team on Tuesday. But the grand display was dampened by smog filling the skies over Zhuhai, Guangdong. AdvertisementChina's biggest air exhibition opened on Tuesday to smoggy skies obscuring an intricate aerobatics performance meant to display the country's aircraft to the world. In its first official public appearance, the J-35A flew briefly at the opening in Zhuhai, climbing into the hazy sky. The smoggy opening also comes as China has sought to shed the reputation of its cities as being wracked by air pollution.

Persons: —, Sp0wzC4wWm —, Lockheed Martin's, COMAC Organizations: Service, Liberation Army Air Force, Sp0wzC4wWm — Reuters, Red Falcon, Lockheed, Boeing, University of Chicago, WHO Locations: Zhuhai, Guangdong, China

☆ A former North Korean special-forces soldier said Kim Jong Un's elite 'Storm Corps' in Russia likely isn't his A-team
▼ + stars: | 2024-11-11 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

As questions arise over the quality of Kim Jong Un's troops in Russia, a former soldier who served in North Korea's special forces said they're likely the country's elite troops. North Korea's leader, Kim Jong Un, at a March military demonstration in North Korea. AdvertisementDuring a September visit to a training base, Kim lauded the division's members as each being worth 100 typical North Korean soldiers. AdvertisementThat comes as South Korea has become home to one of the world's fastest-growing defense industries in recent years. Correction: November 11, 2024 — An earlier version of this story misstated the country in which videos appear to show North Korean troops.

Persons: Kim Jong, they're, Lee Woong, gil, Kim Jong Un, REUTERS Lee, Kim, Lee, There's, James JB, Insider's Mia Jankowicz, South Korea Kovalenko Organizations: Storm Corps, Korea Times, KCNA, REUTERS, The Korea Times, Associated Press, North, Korea's Defense Ministry, Wall Street, Ukraine's Center, South Korea's National Intelligence Service, National Intelligence Service, South, Kremlin Locations: Russia, North Korea, North, South Korea, Seoul, Washington, Kyiv, Ukraine's, Ukraine, Kursk, Korean, South

☆ A former North Korean special forces soldier said Kim Jong Un's elite 'Storm Corps' in Russia likely isn't his A-team
▼ + stars: | 2024-11-11 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

One ex-member of the branch said he thinks North Korea did send special forces, but not its best. AdvertisementAs questions arise over the quality of Kim Jong Un's troops in Russia, a former soldier who served in North Korea's special forces said they're likely the country's elite troops. North Korean leader Kim Jong Un attends a military demonstration in North Korea, in this picture released on March 16, 2024. During a September visit to a training base, Kim lauded the division's members as each being worth 100 typical North Korean soldiers. This image released by South Korea's spy agency the National Intelligence service shows North Korean leader Kim Jong-Un watches numerous shirtless North Korean troops in combat training, according to the agency.

Persons: —, Kim Jong, they're, Lee Woong, gil, Kim Jong Un, REUTERS Lee, Lee, there's, Kim, James JB, Insider's Mia Jankowicz, South Korea Kovalenko Organizations: Storm Corps, Service, Korea Times, North, KCNA, REUTERS, The Korea Times, Associated Press, Wall Street, Ukraine's Center, National Intelligence, National Intelligence Service, South, Kremlin Locations: Russia, North Korea, North, South Korea, Seoul, Washington, Ukraine, Kursk, Korean, South

On the campaign trail, he said Taiwan should pay the US for protection. But a second term for President-elect Donald Trump raises uncomfortable questions for Taiwan at a moment of mounting risks. Advertisement"I think, Taiwan should pay us for defense," Trump told Bloomberg Businessweek in June. Advertisement"There could well be a demand for Taiwan to 'pay' more for its own protection and perhaps to invest in the United States. "The good news for Taiwan is that Taiwan has bipartisan support in the US Congress," Chin said.

Persons: Donald Trump, —, Lai Ching, Lai, Trump, Tsai Ing, Wen, Xi Jinping, he's, Chong Ja Ian, Biden, Abrams, Benjamin Blandin, Blandin, James Chin, Chin, Zhu Fenglian, Zhu, Taiwan's, Ting Yeh Organizations: Service, Taiwan, US, Bloomberg Businessweek, Wall Street, National University of Singapore, Pentagon, Air Missile Systems, Patriot, Yokosuka Council, Pacific Studies, Trump, University of Tasmania, China's Taiwan Affairs Office, Taiwan Watch, Nikkei, China Locations: Taiwan, Beijing, Taipei, China, United States, Yokosuka, Asia, Wall Street, Silicon Valley, Nikkei Asia, Ukraine

☆ China's navy warned its millennial and Gen Z sailors not to display their military credentials to attract attention on dating apps
▼ + stars: | 2024-11-06 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

China told its sailors on Monday to avoid posting about their jobs on dating apps. In the last year, China has pushed hard on warnings about online habits that it deems are security threats. AdvertisementChina's navy warned its younger members on Monday to avoid publicizing their military careers on dating apps over concerns of security breaches by foreign entities. The internet has traps," the People's Liberation Army Navy's official propaganda arm wrote in a social media post for the "internet generation." Related Video China shows how it would attack Taiwan as tensions rise"Nowadays, dating apps have emerged in an endless stream," the post reads.

Persons: —, Xi Jinping, Li Shangfu Organizations: Service, People's Liberation Army, Microsoft, Defense Locations: China, Taiwan, Beijing, Washington

☆ Workers in Missouri can look forward to raises after minimum wage boosts were passed
▼ + stars: | 2024-11-06 | by ( Juliana Kaplan | Matthew Loh | ) www.businessinsider.com time to read: +3 min

In Missouri, voters opted to raise the minimum wage. In Massachusetts, workers who rely on tips could see a bump in their base pay, while minimum wage workers in three other states could see a broad pay bump. Related VideoMissouriIn Missouri, voters have opted to raise the state's minimum wage to $15 by 2026. His opponent, Vice President Kamala Harris, has pledged support for raising the federal minimum wage from $7.25 to $15 an hour. "Raising the minimum wage will increase people's ability to shop at our business and local businesses across Missouri.

Persons: —, Donald Trump, Kamala Harris, David Burmeister, Louis, We've Organizations: Workers, Service, New York Times, Missouri, Midwest Pasta Co, Employees Locations: Alaska , California , Massachusetts, Missouri, — Massachusetts, California, Alaska, Massachusetts, Arizona, St

☆ Workers in Missouri can look forward to raises after minimum wage boosts passed
▼ + stars: | 2024-11-06 | by ( Juliana Kaplan | Matthew Loh | ) www.businessinsider.com time to read: +4 min

In Missouri, voters opted to raise the minimum wage. Related VideoMissouriIn Missouri, voters have opted to raise the state's minimum wage to $15 by 2026. His opponent, Vice President Kamala Harris, has pledged support for raising the federal minimum wage from $7.25 to $15 an hour. MassachusettsIn Massachusetts, tipped workers won't see their pay slowly rise to meet the state's minimum wage. Massachusetts tipped workers would have had their hourly paychecks shake out to 64% of the state's minimum wage in addition to tips.

Persons: —, Donald Trump, Kamala Harris, David Burmeister, Louis, We've Organizations: Workers, Service, New York Times, Missouri, Midwest Pasta Co, Employees, The New York Times Locations: Alaska , California , Massachusetts, Missouri, — Massachusetts, California, Alaska, Massachusetts, Arizona, , Massachusetts, St, Arizona In Arizona

☆ North Korea told the UN point blank that it's speeding up nuclear weapons development
▼ + stars: | 2024-11-05 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

The UN Security Council met on Monday to press North Korea on nuclear non-proliferation. But North Korea instead doubled down on its nuclear plans, declaring that it will accelerate its program. "There will ever never be any change in this line," he added, referring to North Korea as a "responsible nuclear weapon state." The US says North Korea 'emboldened' by Russia and ChinaThe US, in turn, accused Russia and China of protecting North Korea. South Korea said earlier this year that in return, North Korea has been acquiring food, raw materials, and tech expertise from Russia.

Persons: —, Kim Song, Kim Jong, Kim, Robert Wood, Mark Rutte Organizations: UN Security, Service, Pyongyang, United Nations, North, UN, UN Security Council, DPRK, Russian, NATO Locations: Korea, Pyongyang, North Korea, United, North Korean, Japan, South Korea, United States, Russia, China, Moscow, Beijing, Ukraine

☆ China is so crazy about durian that it's now Pizza Hut's best-selling pizza ingredient in the country
▼ + stars: | 2024-11-05 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Durian pizza is now Pizza Hut's hottest pie in China, with Yum reporting 30 million sold this year. Yum China, which runs Pizza Hut in the country, said in its quarterly earnings call on Monday that durian pizza has become its top pie nationwide. "One in every four pizzas sold in Pizza Hut China is now a durian pizza. A promotional image for Pizza Hut China's durian pizza. Net income also grew to $297 million, up 22% from $244 million in Yum China's third quarter of 2023.

Persons: Yum, Joey Wat, —, Wat Organizations: durian, Service, HSBC, Yum, KFC Locations: China, Pizza Hut, China China, Asia, Southeast Asia, Yum China

☆ Putin said Russia wouldn't have to choose between guns or butter. The price of butter is soaring.
▼ + stars: | 2024-11-04 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Yet it's precisely butter that's been a headache for Russia, with a 25.7% price increase this year. "There is a well-known phrase: guns instead of butter," Putin said last February. By the end of October, the price of butter in Russia was up 25.7% compared to December 2023, per government statistics. Why butter prices are on the riseA week before that meeting, the same union said the country wasn't experiencing a butter shortage, but added that about 25% of local butter consumption comes from foreign suppliers. AdvertisementAnother major dairy supplier complying with wartime sanctions, New Zealand, sold $88.8 million worth of butter to Russia yearly before the invasion began.

Persons: Putin, —, Vladimir Putin Organizations: Service, MMI, Gazeta, United Arab Emirates Locations: Ukraine, Russia, Russian, Moscow, Latin America, New Zealand, Turkey

Companies beat expectations, with some boosted by large cloud growth. AdvertisementThe tech giants Meta, Alphabet, Amazon, Apple, and Microsoft reported earnings this week, and investors were laser-focused on the results of AI investments. Cloud is kingMicrosoft, Alphabet, and Amazon saw significant growth in their cloud businesses, fueled by increased demand. Jeremy Goldman, EMARKETER's senior director of briefings, told BI that Microsoft's cloud business had decelerated from the "breakneck pace" of previous quarters. Related storiesWhile Google reported stronger cloud growth, Microsoft still leads it in cloud market share, and both are behind Amazon Web Services.

Persons: —, Kate Leaman, Jeremy Goldman, EMARKETER's, Amy Hood, Dan Romanoff, Andy Jassy, Tracy Woo, Forrester, AWS's, Jassy, Rufus, Sundar Pichai, Pichai, Mark Zuckerberg, Hood, Michael Field, Jaejune Kim, Lisa Su, we've Organizations: Apple, Companies, Service, Microsoft, Amazon, Morningstar, Google, Amazon Web, Amazon Web Services, Investment, Big Tech, Bank of America Securities, Meta, Nvidia, SK Hynix, Samsung, AMD, Services

☆ 8,000 of the troops Kim Jong Un sent to support Russia are about to hit the front lines, the US says
▼ + stars: | 2024-11-01 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

As many as 8,000 North Korean troops are being deployed to Kursk, US officials said on Thursday. "If these North Korean troops engage in combat or combat support operations against Ukraine they would make themselves legitimate military targets." "One of the reasons that Russia is turning to these North Korean troops is that it's desperate," Blinken said. Now he's turning to North Korean troops. AdvertisementSouth Korean President Yoon Suk-yeol's administration has considered sending teams to observe North Korean troops in Ukraine, which it says will not require parliamentary consent.

Persons: they're, Antony Blinken, —, Blinken, Lloyd Austin, Austin, Volodymyr Zelenskyy, Vladimir Putin's, Putin, they've, Yoon Suk Organizations: US, Service, Kyiv, Ukrainian, South, State Department, North Korea, North, Ukraine, Pentagon, Austin, Research, South Korean Legislative, Russia's Ministry of Defense, Business Locations: Kursk, Russia, Ukraine, Washington, Pyongyang, Moscow, North Korea, South Korea, Poland, Seoul

☆ 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

☆ Russia gave Yemen's Houthi rebels satellite data so they could attack Red Sea shipping lanes: report
▼ + stars: | 2024-10-25 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Houthi rebels used Russian satellite tracking data to hit ships in the Red Sea, The Wall Street Journal reported. AdvertisementHouthi rebels in Yemen used satellite data provided by Russia to target and attack commercial ships in the Red Sea, The Wall Street Journal reported. One of the Journal's sources said that the satellite data was transferred to the Houthis via members of the Iranian Revolutionary Guard Corps embedded with the rebels in Yemen. AdvertisementThe Houthis have for months harassed commercial ships in the Red Sea with drones and missiles, for what they say is retaliation against Israel for its bombardment of Gaza. AdvertisementMeanwhile, the US military has rotated multiple aircraft carrier groups to fend off Houthi attacks in the Red Sea, last week striking several targets in Yemen with B-2 Spirit stealth bombers.

Persons: —, Dmitry Peskov Organizations: Street Journal, Iran's Revolutionary Guard Corps, Service, Iranian Revolutionary Guard Corps, Reuters, Russian Foreign Ministry, Kremlin, Business, US Navy, Health, Israel, Drewry Locations: Red, Yemen, Russia, Israel, Iran, Moscow, Gaza

☆ BRICS' new declaration shows Russia's war still can't get the international backing that Moscow wants
▼ + stars: | 2024-10-24 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

BRICS' Kazan Declaration on Wednesday contained 134 points — and only one discussed the Ukraine war. It shows that Russia still has trouble getting friendly countries on board with the war, per the ISW. AdvertisementOver two dozen world leaders at this year's BRICS summit ended Wednesday's talks with the Kazan Declaration, a 134-point summary of their agreements. "The Kazan Declaration notably only mentioned Russia's war in Ukraine once," the Washington-based think tank wrote. The declaration "demonstrated that Russia has not yet secured the international support nor created the alternative security structure that the Kremlin desires," ISW added.

Persons: BRICS, —, Vladimir Putin, ISW, Huileng Tan, Putin Organizations: UN, Service, United Nations, Kyiv, South Sudanese, Mastercard Locations: Kazan, Ukraine, Russia, China, Washington, Nazi, Moscow, Brazil, India, Syria, Tel, Lebanon, Gaza, Republic, Tatarstan

☆ The CEO of Ford says he's been driving a Xiaomi EV for the past 6 months and doesn't want to give it up
▼ + stars: | 2024-10-23 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Ford CEO Jim Farley says he's been driving the Chinese tech giant Xiaomi's EV for the past six months. AdvertisementFord CEO Jim Farley says he doesn't want to give up the Xiaomi Speed Ultra 7 he's been driving for the past half year. "I don't like talking about the competition so much, but I drive the Xiaomi," Farley said while speaking to the British presenter Robert Llewellyn on "The Fully Charged Podcast." The Chinese tech giant produces three versions of the car: SU7, SU7 Pro, and SU7 Max. Competing with rivals such as Xiaomi will be critical for Ford as it formulates its approach to the EV market.

Persons: Jim Farley, he's, Farley, Xiaomi, —, Robert Llewellyn, Llewellyn, I've, SU7 Max, Farley didn't, They're, BI's Matthew Loh, Loh, John Lawler, Jim, Lawler, Ford Organizations: Service, Ford, Business Insider, EV, China, Street, Changan Automobile, Research, Business Locations: British, Shanghai, Chicago, China, Brazil, Thailand

☆ A new anti-missile laser downed 100% of its targets while fighting multiple threats at once, UK defense officials say
▼ + stars: | 2024-10-21 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

The UK says a new anti-missile laser for its aircraft defeated 100% of its targets in a live test. AdvertisementThe UK Defense Ministry said on Sunday that it successfully tested a new air-defense system that tracks missiles midflight and jams them with a precision laser. A new air protection laser defeated 100% of threats during recent live-fire trials. The UK is likely to offer this new technology to its allies, with the ministry statement saying it would be available to "export customers." October 21, 2024: This story was updated to reflect a response from the UK Defense Ministry.

Persons: —, it's, It’s Organizations: Service, UK Defense Ministry, Leonardo, Thales, Royal Air Force, Business, RAF, — Ministry of Defence Locations: Sweden

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