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☆ Americans don't want to ban TikTok anymore
▼ + stars: | 2024-09-05 | by ( Dan Whateley | ) www.businessinsider.com time to read: +4 min

Fewer Americans want to ban TikTok than did a year ago, according to a new survey from the Pew Research Center. While half of US adults supported a TikTok ban in March 2023, now just one in three (32%) say they want a government ban. The decline in support for a TikTok ban is occurring across party lines. Former President Trump once sought to ban or force a sale of TikTok, but recently flip-flopped on the issue. Vice President Harris hasn't shared a position on the TikTok ban.

Persons: TikTok, Donald Trump, Kamala Harris, Joe Biden, ByteDance, hasn't, G.S, Hans, Pew, Trump, Harris hasn't Organizations: Service, Pew Research Center, Pew, Business, Apple, Google, Chinese Communist Party, Cornell Law School Locations: TikTok, Beijing

☆ How Harris is reversing Biden’s biggest weakness in the campaign
▼ + stars: | 2024-08-13 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +16 min

Trump’s plan for blunting Harris’ momentum, some Democrats believe, could reprise elements of the 1988 presidential campaign that George H.W. “I think the Harris campaign has to be prepared for it.”The two sides are already hotly contesting the terrain of strength. Celinda Lake, a Democratic pollster who conducted surveys for Biden’s 2020 campaign, said his strength deficit to Trump had become a nearly insurmountable obstacle for his 2024 campaign. The surveys have also found a huge gender gap in the assessments of whether Harris and Trump are strong. Most important, voters have reached these initial assessments of Harris’ strength before Republicans have really begun their campaign to portray her as weak.

Persons: CNN — Kamala Harris, Donald Trump, Joe Biden, –, Harris, Trump, ”, Democratic pollster Evan Roth Smith, “ Kamala Harris, …, it’s, blunting Harris, George H.W, George H.W . Bush, Lee Atwater, Michael Dukakis, Tad Devine, Dukakis, “, She’ll, ” Trump, ” Harris, Kamala Harris, Biden —, Biden, Nancy Pelosi, Nikki Haley, Marquette, “ Trump, Whit Ayres, Ayres, Harris blunts, ” Lake, “ Joe Biden, White, she’ll, MAGA, Devine, Republicans pilloried Dukakis, Willie Horton, Horton, Bush, ” Devine, ” Ayres, won’t, Roth Smith, ’, Hulk Hogan, Kid Rock, Dana White Organizations: CNN, White, Voters, Democratic, Massachusetts Gov, Trump, Fox News, Marquette Law School, Biden, Marquette Poll, CBS, New York Times, Gallup, Republican, Siena, Republicans, MAGA Inc, Politico, ”, Fighting Locations: George H.W ., Marquette, Siena, Michigan , Pennsylvania, Wisconsin, Celinda, Massachusetts, San Francisco, California, “ San Francisco

☆ As Ryan Salame stares down years in prison for his role in FTX, he's spending his time doing what he loves: posting
▼ + stars: | 2024-08-02 | by ( Haven Orecchio-Egresitz | ) www.businessinsider.com time to read: +12 min

Read previewIn May, Ryan Salame was sentenced to 7½ years in prison for his role in Sam Bankman-Fried's multi-billion-dollar cryptocurrency fraud. In May, US District Judge Lewis Kaplan — who also oversaw Bankman-Fried's trial — sentenced Salame to 7.5 years in prison, higher than what prosecutors recommended. AdvertisementSalame says without evidence that a key witness in Bankman-Fried's trial liedSalame pleaded guilty to charges against him in September, shortly before the start of Bankman-Fried's criminal trial in Manhattan. At the trial, Singh said he initially cared about the political donations, but later just did whatever Salame told him to. In social media posts, Salame said Singh wasn't being truthful about his role in the use of FTX customer funds.

Persons: —, Ryan Salame, Sam Bankman, Salame, Fried, SBF, Trump, Donald Trump, RyAN, Lewis Kaplan —, Kaplan, ANGELA WEISS, weren't, German Shepherd, Caroline Ellison, Gary Wang, Nashad Singh —, Wang, Singh, Ellison hasn't, Salame didn't, didn't, Nishad Singh, FTX, Ellison, Singh wasn't, Nishad, I've, Guy, hasn't, he's, Joe Biden, Bitcoin, Gary Gensler, Biden, Kamala Harris Organizations: Service, Business, Alameda Research, US Bureau of Prisons, US, Mega, FTX, Circle Trade, CPA, HK, Republican Party, Twitter, Alamada Research, Prosecutors, Getty, FTX's, Office, Southern, of, Bankman, Republican, Alameda, SEC, Trump Card Locations: Bankman, FTX, Alameda, Bahamas, America, Nashville, Manhattan, Washington ,, United States, German, of New York, York

☆ Putin and Kim Jong Un's relationship is a marriage of convenience: Here's how it works
▼ + stars: | 2024-06-19 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

In this pool photograph distributed by the Russian state agency Sputnik, North Korea's leader Kim Jong Un (R) and Russian President Vladimir Putin meet in Pyongyang, early on June 19, 2024. What can North Korea get from Putin? In return, Russia is likely providing North Korea with food, fuel and military technology for its satellites and submarines, analysts say. Russian President Vladimir Putin is arriving to North Korea with a two-day visit. As such, North Korea offers Russia another source of military hardware.

Persons: Kim Jong Un, Vladimir Putin, Anthony Wallace, Vladimir Putin's, Kim Jong, Putin, KCNA, Kim, Putin's, —, Gavriil Grigorov, Rodger Baker, James Brady, Victor Cha, Pyongyang's, Putinon, Brady, Cha, Putin hasn't Organizations: Pyongyang Sunan International Airport, Afp, Getty, North, Sputnik, Applied, CNBC, North Koreans, Putin, . Workers, Center for Strategic, International Studies Locations: Pyongyang, Seoul, Korean, North Korea, Russia, North, Koreans, Russian, Ukrainian, Moscow, Ukraine, Korea, China, USSR

☆ TikTok is taking the US to court to stop its ban
▼ + stars: | 2024-05-07 | by ( Dan Whateley | Geoff Weiss | ) www.businessinsider.com time to read: +4 min

TikTok is suing the US government over its new law that forces a sale or ban of the app. AdvertisementTikTok promised to fight its ban in the US — and now the social-media giant has made it official. TikTok has denied both of these claims, and the US government has yet to present evidence that either action has occurred. Legal scholars told Business Insider that well-articulated First Amendment arguments tend to prevail in court, but Congress' national-security concerns could ultimately win out. Hans, an associate clinical professor of law at Cornell Law School and associate director of its First-Amendment clinic, told BI.

Persons: TikTok, —, ByteDance, Joe Biden, G.S, Hans, Matthew Schettenhelm, Schettenhelm Organizations: Service, Chinese Communist Party, Foreign, Business, Cornell Law School, Appeals, DC Circuit, Bloomberg Intelligence Locations: China, Russia, Beijing, India

☆ Corn hits 3-month high; soy, wheat climb on global crop weather woes
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: +2 min

Wheat futures hit a one-week high on renewed concerns over dry weather in Russia, the world's biggest wheat supplier. In Argentina, corn stunt disease spread by leaf-cutter insects and adverse weather prompted the Buenos Aires grains exchange to slash its estimate for Argentina's 2023/24 corn harvest by 3 millions metric tons to 46.5 tons. In wheat, Russia's IKAR agricultural consultancy cut its forecast for the country's crop to 91 million metric tons from 93 million tons and its wheat exports to 50.5 million metric tons from 52 million tons. Wheat futures jumped as weather forecasts showed the region getting virtually no rain in the coming two weeks. Managed money funds held a net short position in CBOT wheat futures at the beginning of 2024 because of a strong dollar and slow U.S. demand, Zuzolo said.

Persons: Jim Niewold, Susan Stroud, Mike Zuzolo, Nature, Zuzolo Organizations: Chicago Board of Trade, Global, Analytics Locations: Loda , Illinois, Brazil, Russia, Brazil's Rio Grande do Sul, Argentina, Buenos Aires, South America

☆ Opinion: Unable to ‘win’ in Gaza, Israel sets its sights elsewhere
▼ + stars: | 2024-05-02 | by ( Opinion Hussein Ibish | ) edition.cnn.com time to read: +10 min

CNN —An eerie relative calm has descended on the Middle East — Gaza obviously excluded — since a highly alarming exchange of missile, rocket and drone attacks by Israel and Iran in recent weeks. Now, the recent exchange of direct military attacks with Iran might have sealed Lebanon’s fate, unless team Biden can restrain Israel. On April 1, Israel struck an Iranian diplomatic facility in Damascus, killing a number of senior Iranian officials including Brig. As Israel’s forces moved south through Gaza, obliterating Hamas brigades with relative ease, its thinking relatively quickly turned north again. If this happens, a primary US goal regarding the Gaza war — conflict containment — would be shattered not by Washington’s adversaries, but ironically by its closest regional partner.

Persons: Hussein Ibish, Read, Biden, Israel, Mohammad Reza Zahedi, Haji Rahimi, Hossein Amirollah, Louai Beshara, Benjamin Netanyahu, Yoav Gallant, Charbel Mallo, Israel —, Joe Biden Organizations: Gulf States Institute, Israel, CNN, Biden, Hezbollah, Brig, Iran’s, Quds Force, Getty, Iranian, Israeli Locations: Washington, East, Gaza, Israel, Iran, Lebanon, Iranian, Damascus, Brig, Syria, AFP, Tehran, United States, Kafr Kila, Lebanese

☆ The TikTok divest-or-ban bill is a First Amendment disaster, but it may still stand up in court
▼ + stars: | 2024-04-24 | by ( Dan Whateley | ) www.businessinsider.com time to read: +6 min

Maybe…Earlier attempts to ban or force a sale of TikTok often haven't stood up in court. Other parties, like TikTok creators, may launch separate legal challenges in the coming weeks, as they have done in the past. AdvertisementTrump's 2020 order to ban TikTok was halted by a federal judge who said it likely exceeded executive authority. While the bill is framed around forcing US ownership of TikTok, it's likely to result in a ban, which strengthens the free-speech argument. Congress hasn't proven that an outright sale or ban of TikTok is the only way to protect national-security interests.

Persons: Joe Biden, ByteDance, TikTok, haven't, TikTokers, Matthew Schettenhelm, Hans, Lena Shapiro, Ramya Krishnan Organizations: Service, Business, ACLU, Bloomberg Intelligence, Cornell Law School, TikTok, University of Illinois College of Law, Chinese Communist Party, Intelligence Law, CCP, Columbia University Locations: Montana, Texas, Washington, China

☆ Trump is now out of options to delay Monday's start of jury selection in his hush money trial: legal experts
▼ + stars: | 2024-04-12 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

Former President Donald Trump has run out of legal options to delay Monday's start of his Manhattan hush-money trial, legal experts predict. Trump's lawyers struck out 0-3 this week, when three Manhattan appellate judges rejected three separate emergency delay bids during arguments on Monday, on Tuesday, and Wednesday. Barring an unforeseen, nonlegal emergency, jury selection in Trump's first of four criminal cases will begin as scheduled on Monday morning in Supreme Court in lower Manhattan, experts said. Ditto the US Supreme Court, where Trump could ultimately end up, given that all three appellate efforts raise Constitutional issues, Schechtman said. AdvertisementBut though Trump's lawyers failed to stop the trial, their efforts may not be wasted down the road.

Persons: —, Donald Trump, Trump's, Barry Kamins, Trump, Juan Merchan's, I'd, Paul Shechtman, Schechtman, Michel Paradis, it's, Paradis Organizations: Service, Business, New York, Getty, Trump, New, Columbia Law School Locations: Trump, Manhattan

☆ Trump is now out of options to delay Monday's start of jury selection in his hush-money trial: legal experts
▼ + stars: | 2024-04-12 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

Trump struck out 0-3 during three visits this week to a Manhattan appellate courthouse. Former President Donald Trump has run out of legal options to delay Monday's start of his Manhattan hush-money trial, legal experts predict. Barring an unforeseen, nonlegal emergency, jury selection in Trump's first of four criminal cases will begin as scheduled on Monday morning in the Supreme Court in lower Manhattan, legal experts say. But even if Trump wins — and that's a long shot — it's highly unlikely any of these three appellate decisions would stop or even pause the trial, legal experts also say. Ditto the US Supreme Court, where Trump could ultimately end up, given that all three appellate efforts raise Constitutional issues, Shechtman said.

Persons: Trump, —, Donald Trump, Trump's, Barry Kamins, Juan Merchan's, I'd, Paul Shechtman, Shechtman, Kamins, Michel Paradis, it's, Paradis Organizations: Service, New York, Getty, Trump, New, Columbia Law School Locations: Manhattan, Trump

☆ ‘Sleeping giant’ MotoGP awakens in Qatar, with eyes on US – and a little help from rapper Pitbull and AI
▼ + stars: | 2024-03-09 | by ( Jonathan Hawkins | Becky Anderson | ) edition.cnn.com time to read: +6 min

Bagnaia rides during the second free practice session ahead of the 2023 French Grand Prix. The 2024 season will also see the debut of a US based-team, Nashville’s Trackhouse Racing, which is co-owned by musician Pitbull. Toshifumi Kitamura/AFP/Getty ImagesThe American sees the Sprints as a gateway to the main race for new fans. He says the newly refurbished Qatar facility, which also hosts F1, is a boon for the participants, too. “The race at night is something that was [the Qataris’] idea 20 odd years ago, and they did it.

Persons: Daniel Rossomondo, “, CNN’s Becky Anderson, ”, Rossomondo, Mirco Lazzari, Francesco ‘ Pecco, Bagnaia, Marc Márquez, Álex, Jorge Martín, Pedro Acosta, Márquez, Jean, Francois Monier, Nashville’s, Pitbull, ” Rossomondo, Dorna, ” Marc Márquez, Toshifumi Kitamura, it’s Organizations: CNN, NBA, Qatar –, MotoGP, Ducati, Honda, Warner Bros Discovery, TNT Sports, ” MotoGP, Getty, “ Riders, Warner Bros . Locations: Qatar, Americas, Murcia, AFP, United States, American, Europe

☆ Opinion: What Iran wants — and fears
▼ + stars: | 2024-02-13 | by ( Opinion Hussein Ibish | ) edition.cnn.com time to read: +7 min

Iran has backed Hezbollah’s efforts to avoid an all-out war with Israel despite consistent Israeli escalation and threats. Hezbollah doesn’t want a war with Israel and Iran agrees. The potential for such US or Israeli airstrikes is among the most significant reasons Iran wants to avoid a broader conflict. Tehran has already restrained its Iraqi proxies, is working to help Hezbollah climb down and avoid a devastating Israeli attack. And Iran is probably urging the Houthis to take great care not to kill Americans or otherwise go too far.

Persons: Hussein Ibish, Read, Hussein Ibish It’s, Biden, Israel, Kataib, Saleh Al, Wissam, Amos Hochstein, Ebrahim Raisi, Shannon Stapleton, It’s Organizations: Gulf States Institute, Israel, CNN, Washington, Radwan Force, Iranian Locations: Washington, Iranian, Iran, Iraq, Syria, Lebanon, Gaza, Yemen, United States, Saudi Arabia, Russia, China, Saudi, That’s, Israel, Jordan, Hezbollah’s, Beirut, Tehran, Yemeni, Suez, Strait, Hormuz, Bab, Mandab

☆ Make America Build Again
▼ + stars: | 2023-11-16 | by ( Adam Rogers | ) www.businessinsider.com time to read: +37 min

America is the sixth-most-expensive place in the world to build subways and trolleys. The solutions will cost trillions of dollars and require a pace of building unseen in America since World War II. Perhaps the single most pressing question we face today is: How do we make America build again? "For this class of projects, federal environmental laws are more the exception." The prospect of overhauling our hard-won environmental laws might feel like sacrilege to anyone who cares about the Earth.

Persons: Anne, Marie Griger's, Griger, —, They're, Obama, I'm, we've, We've, I'd, It's, Matt Harrison Clough, Jamie Pleune, AECOM, Joe Biden's, There's, David Adelman, David Spence, Spence, James Coleman, NECA, Coleman, everyone's, Danielle Stokes, Nobody, Bill McKibben, Mother Jones, McKibben, Michael Gerrard, Columbia University —, they've, David Pettit, it's, Zachary Liscow, That's who's, Adam Rogers Organizations: RES Group, Environmental, Infrastructure Investment, Jobs, Land Management, Forest Service, University of Utah, Harvard Joint Center for Housing Studies, Brookings, Bureau of Ocean Energy Management, White, University of Texas, Greenpeace, Natural Resources Defense Council, Act, NEPA, Berkeley, University of California, University of Southern, Southern Methodist University, Ecosystems Conservation, GOP, Biden, Motorola, Telecommunications, Conservatives, Federal Energy Regulatory Commission, FERC, University of Richmond, UC Berkeley, USC, Star, Sabin, Climate, Columbia University, Natural Resources Defense, Republicans, Democrats, Management, Budget, Yale Law School Locations: Panama, Colorado, . California, Los Angeles, San Francisco, China, America, Washington, , Wyoming, Nantucket, New England, San Francisco ., University of Southern California, California, New York, Florida, Southern California, Las Vegas

☆ COP28’s big challenge: green cash for poor states
▼ + stars: | 2023-11-15 | by ( George Hay | ) www.reuters.com time to read: +7 min

Rather than drawing attention to this paucity of ambition, al-Jaber wants states to commit to trebling global capacity of renewable energy by 2030. Progress in China and the West is largely a function of cash: these regions accounted for 84% of the $1.3 trillion committed to global climate finance in 2022. They calculate that by 2030, developing countries need to invest around $2.4 trillion a year in order to decarbonise their economies. The problem is that the developed world has consistently missed targets to channel climate cash to less developed counterparts. In September al-Jaber announced a $4.5 billion scheme to deploy UAE state cash and private sector resources to help Africa decarbonise.

Persons: al, Jaber, hasn’t, Nicholas Stern, Stern, Ajay Banga, Mark Carney, Shriti Vadera, Larry Fink, Joko Widodo, UAE Crown Prince Mohammed bin Zayed, Nahyan, Breakingviews, Peter Thal Larsen, Oliver Taslic, Thomas Shum Organizations: Reuters, United, Conference of, Abu Dhabi National Oil Company, United Nations, International Energy Agency, The, IEA, World Bank, concessional, Bank, Bank of England, Prudential, BlackRock, U.S, Indonesian, Africa decarbonise, UAE Crown, Thomson Locations: United Arab Emirates, Abu Dhabi, Paris, China, The U.S, British, Egypt, Indonesia, Japan, South Africa, Vietnam, U.S, Al, UAE, Africa, COP28, Dubai

SYDNEY/BEIJING Nov 13 (Reuters) - Australia scored a significant win for influence in the Pacific Islands region with a trump card that China, seeking to expand security ties, doesn't have: the opportunity of resettlement. "It is something China can't do," said Australian National University Pacific expert Graeme Smith. "China can turn up and offer more infrastructure money... they can't turn up and offer this kind of resettlement relationship. Australia also will be able to block any policing deal between China and Tuvalu - as well as any telecommunications, energy or port deal - under its treaty. "Cooperation in the Pacific region tends to focus on non-traditional security, including maintenance of public security and infrastructure to deal with climate change," he added.

Persons: Anthony Albanese, Kausea Natano, Graeme Smith, Richard Marles, Peter Dean, Smith, Wang Yiwei, Kirsty Needham, Martin Pollard, Miral Organizations: SYDNEY, Pacific, Australian National University Pacific, Pacific Islanders, Defence, United States Studies Centre, Albanese's, Pacific Games, State, China Civil Engineering Construction Corporation, Renmin University, Thomson Locations: BEIJING, Australia, China, Tuvalu, Washington, Beijing, Rarotonga, Sydney, Pacific Islands, Solomon Islands, Fiji, Papua New Guinea, Taiwan, Kiribati, U.S, United States, Pacific

☆ Putting Pressure on Palestinian Activists Isn’t Making Jewish Students Any Safer - The New York Times
▼ + stars: | 2023-11-04 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +12 min

For Palestinian and Muslim students, the invocation of terrorism law is especially frightening. But now advocates for Palestinian rights describe a new level of repression. “That’s the difference.”No one should underestimate how awful the campus climate is for many Jewish students, who’ve experienced a surge in violence and abuse. In some social justice circles, then, support for Israel is viewed as something akin to support for the K.K.K. There is little reason to think that the pressure brought to bear by these outside institutions is making Jewish students any safer.

Persons: Louis D, Law, Ron DeSantis, DeSantis, ”, Donald Trump, Radhika Sainath, Columbia University’s Rashid Khalidi, “, who’ve, Jewish counterprotesters, Erwin Chemerinsky, George Floyd, they’ve, Kenneth Stern, Bard College’s, ” Stern, He’s, Stern, Trump, scenesters, Joe Rogan, Elon, that’s, Khalidi Organizations: Defamation League, Brandeis Center for Human, Justice, ADL, Brandeis, Republican, Palestinian, Homeland Security, Education, Israel, Palestine, Columbia, Cornell, Jewish, Tulane, University of California, America, Peace, Bard College’s Center, National Lawyers Guild, American Jewish Committee, International Holocaust, Alliance, The, Rights, Elon Musk, West Bank Locations: Palestine, Israel, Ron DeSantis , Florida, Florida, United States of America, Berkeley, America, Gaza City, Gaza, West

☆ The case for a career in bond investing
▼ + stars: | 2023-10-27 | by ( Felix Martin | ) www.reuters.com time to read: +7 min

I sensed familiarity with the recent fate of fixed income benchmarks such as Austria’s hundred-year government bond. For this reason, when bond yields are low, the sensitivity of capital prices to inflation and interest rate shocks is high, and vice versa. The appreciating greenback has been a drag on much of the global fixed income universe for the past decade. The real reason to go into fixed income investing, I explained, is that you get to tell governments what to do. Now that the end of monetary anaesthesia has awoken fixed income from its 15-year coma, I told the MBA students, you’ve got your chance.

Persons: Bonds, That’s, Torsten Slok, GMO’s, Liz Truss, ”, Bill Clinton’s, James Carville, you’ve, Peter Thal Larsen, Streisand Neto, Thomas Shum Organizations: Reuters, Treasury, Reuters Graphics Reuters, Apollo Global Management, U.S ., JPMorgan, Economist, UK, Thomson Locations: U.S, Venezuela

BRUSSELS, Oct 17 (Reuters) - European Union leaders aim on Tuesday to settle on a united approach to the crisis triggered by the Hamas attack on Israel after days of confusion, infighting and mixed messaging. Some officials and lawmakers also criticized von der Leyen, who visited Israel on Friday, for not declaring that the EU expects Israel to abide by international humanitarian law in its response to the attack, as other EU leaders did. Von der Leyen stated that position publicly for the first time at the weekend. Commission officials have insisted von der Leyen had already conveyed the message privately to Israeli officials and defended her swift visit to Israel as an important sign of solidarity. The EU leaders are likely to task ministers with exploring potential risks in more detail, according to officials.

Persons: Ursula von der Leyen, Charles Michel, Von der, von der Leyen, Von der Leyen, der Leyen, Michel, John Irish, Andrew Gray, Howard Goller Organizations: Union, European Council, EU, European, Von der Leyen's, Israel, Thomson Locations: BRUSSELS, Israel, Gaza, Europe

☆ Britain is tossing aside its last green trump card
▼ + stars: | 2023-09-20 | by ( Neil Unmack | ) www.reuters.com time to read: +4 min

Ahead of a likely national poll next year, the British prime minister is considering watering down the country’s targets for electric vehicles and energy efficiency. Yet the weaker targets would come at a time when the Conservative government’s lackadaisical environmental approach means that green transition momentum is stalling. Faced with these obvious policy gaps, the government’s bold targets at least gave industry and consumers a clear signal that the green transition was inevitable. Weakening them will probably lead manufacturers to delay investment in new car or battery plants, and consumers to put off buying green vehicles. I am proud that Britain is leading the world on climate change.”Editing by George Hay and Oliver TaslicOur Standards: The Thomson Reuters Trust Principles.

Persons: Sunak, Sunak’s, Goldman Sachs, –, Rishi Sunak, ” Sunak, George Hay, Oliver Taslic Organizations: Reuters, BBC News, Conservative, BBC, Thomson Locations: Germany, France, Britain

☆ IAA Mobility: China's automakers take the world by storm with EV push
▼ + stars: | 2023-09-07 | by ( Laura He | ) edition.cnn.com time to read: +8 min

Leonhard Simon/Getty ImagesEven before the show kicked off, Renault chief executive Luca de Meo was on French radio talking up the rapid advances made by Chinese EV makers. Competitors worry that Chinese brands may eventually dominate the global EV market. In Europe, the top destination for China’s car exports, sales of Chinese EVs are booming. Supply chain advantageA major factor contributing to the lower cost of Chinese EVs is the country’s dominance of the EV battery supply chain. However, geopolitical tensions could complicate Chinese EV firms’ global push.

Persons: Leonhard Simon, Luca de Meo, ” de Meo, ” “, ”, Dylan Khoo, Li Yunfei, Oliver Zipse, Khoo, It’s, — Hanna Ziady, Olesya Dmitracova Organizations: Hong Kong CNN, Visitors, Renault, Chinese EV, RTL Radio, China Association of Automobile Manufacturers, China Passenger Car Association, Union, UBS, Europe Auto, EV, New, Research, Deloitte, BMW, ABI Research, Jato Dynamics, “, China’s SAIC, MG, IAA, SNE Research Locations: China, Hong Kong, Munich, Germany, Chinese, Europe, Australia, Southeast Asia, Japan, Russia, New York, United States, France, British, United Kingdom, South Korean

☆ Russia will run out of all its best soldiers, says top Ukraine general
▼ + stars: | 2023-09-03 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

Ukrainian forces in southeastern Ukraine have broken through Russia's first line of defense. Russia devoted 60% of its time and resources to the first line, the Ukrainian general told The Observer. "Sooner or later, the Russians will run out of all the best soldiers," he said. Ukraine's recent success in overcoming Russia's first defensive line comes after weeks of painstaking mine clearance. But sooner or later, the Russians will run out of all the best soldiers.

Persons: Russia's, Oleksandr Tarnavskiy, Tarnavskiy Organizations: Observer, Service, Infantry, Russian Defense Ministry, Anadolu Agency, Getty Images Locations: Ukraine, Russia, Ukrainian, Wall, Silicon, Moscow, Zaporizhzhia, Kherson

HONG KONG, Aug 31 (Reuters Breakingviews) - Prudential’s (PRU.L), new CEO has inherited an old problem. Wadhwani’s decision to lead the $35 billion company from Hong Kong underscores its focus. Its Hong Kong and London-listed stock trades at just over 13 times expected earnings for 2023, per Visible Alpha. Larger rival AIA, listed in Hong Kong, is valued at around 18 times. The group’s new business profit in the mainland slipped 16% to $171 million in the first half as Pru withdrew some products from the market.

Persons: Anil Wadhwani, Pru, Peter Thal Larsen, Thomas Shum Organizations: Reuters, AIA, HK, U.S ., Prudential, Investments, Thomson Locations: HONG KONG, U.S, Greater China, Hong Kong, London, China

☆ Opinion | When the Law Is Not a Trump Card
▼ + stars: | 2023-08-18 | by ( Ross Douthat | ) www.nytimes.com time to read: +3 min

Meanwhile, Segall argues against the authors’ claim that the amendment’s provisions are “self-executing,” that they can be applied to Trump or any other supposed insurrectionist immediately. This is acknowledged by Baude and Paulsen, to be sure, who argue at length that Chase was wrong. It should not happen, it would not work if it did happen, John Roberts and four more justices would not uphold it, and it would license political chaos to no good purpose whatsoever. And if the legal theorist’s response is that this isn’t the “best” way to deal with Trump, it’s just the way that the Constitution requires, then so much the worse for their theory of the Constitution. There is an irony here, which is that a similar kind of legal mentality influenced Trump’s campaign to overturn the results of the 2020 election.

Persons: Segall, Salmon Chase, Baude, Paulsen, Chase, Donald Trump, Salmon, —, … I’m, John Roberts, it’s, John Eastman’s, Mike Pence, interpose, Joe Biden’s, Pence Organizations: Trump, Eastman Locations: United States

☆ 4 things making it harder for Janet Yellen to repair the US-China relationship
▼ + stars: | 2023-07-06 | by ( Laura He | ) edition.cnn.com time to read: +9 min

The global economy stands to gain if Washington and Beijing can mend fences, but analysts say this appears unlikely. Here are four things likely to make it harder for Yellen to repair US-China ties, and one thing keeping the relationship going. Sequoia’s executives said in a statement that it has become “increasingly complex” to run a decentralized global investment business. On Wednesday, US pharmaceutical firm Moderna (MRNA)signed a deal to make its first major investment in China. “Both sides are ramping up commercial restrictions in the name of national security and national interests,” she said.

Persons: Janet Yellen, China, ” Wei Jianguo, ”, Anna Ashton, Biden, Beijing’s, Wei, Capvision, Xi Jinping’s, “, Li Qiang, Xi, Alex Capri, ” Ashton, —, Jennifer Hansler, Wayne Chang, Bryan Mena Organizations: Hong Kong CNN, Eurasia Group, Micron Technology, China Daily, Analysts, China, Capvision, Bain & Company, Group, Forrester Research, Ontario, Republicans, Hawks, Shanghai Cooperation Organization, Xinhua, US Commerce Department, “, National University of Singapore Business School, Moderna Locations: Hong Kong, Beijing, United States, China, Chinese, Washington, Japan, Europe, Shanghai, New York, decouple, Moscow, Ukraine, Russia, Taiwan, Tianjin

☆ China just played a trump card in the chip war. Are more export curbs coming?
▼ + stars: | 2023-07-04 | by ( Laura He | ) edition.cnn.com time to read: +6 min

Beijing hit back Monday by playing a trump card: It imposed export controls on two strategic raw materials, gallium and germanium, that are critical to the global chipmaking industry. Last October, the Biden administration unveiled a set of export controls banning Chinese companies from buying advanced chips and chip-making equipment without a license. Beyond China, Australian rare earths producers also advanced, as investors expected Beijing might extend export curbs to that group of strategically important minerals. “If this action doesn’t change the US-China dynamics, more rare earth export controls should be expected,” Jefferies analysts said. China cut its rare earths export quota in 2010 amid tensions with the United States.

Persons: ”, Biden, China’s, Janet Yellen, Jefferies, ” Jefferies, CNN’s Hanna Ziady, Xiaofei Xu Organizations: Hong Kong CNN, Jefferies, Micron Technology, Micron, China, Geological Survey, Eurasia Group, Group, United, Analysts Locations: Hong Kong, China, United States, Beijing, Washington, Netherlands, Japan, Australian, States, United Kingdom, Germany, Belgium

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