DIRS.INFO The most relevant business & tech news

☆ Trump won't say if he wants Ukraine to win the war; Blinken visits Kyiv on long-range strikes
▼ + stars: | 2024-09-11 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Yuliya-Talmazan-Circle-Byline-Template.Jpg | Yuliya Talmazan | ) www.nbcnews.com time to read: +2 min

Ukraine woke Wednesday to a glaring display of the potentially expanding range — and possible limits — of American support. Hours after former President Donald Trump refused to say whether he wanted the U.S. ally to win the war against Russia, Kyiv welcomed Washington's top diplomat — hoping he will bring a long-awaited shift on its use of long-range weapons. President Joe Biden hinted Tuesday that Kyiv might be about to get what it wants after months of resistance from the White House. Trump was asked twice whether or not he wants Ukraine to win the war, but on both occasions he skirted the question. His response may heighten concerns in Kyiv that a Trump administration would remove U.S. support and seek an end to the war on terms favorable to Russia.

Persons: Donald Trump, —, Antony Blinken's, Kamala Harris, David Lammy, Mark Schiefelbein, Joe Biden, “, ” Biden, Harris, Trump, Vladimir Putin “, “ Putin, ” Trump Organizations: Ukraine, British, Getty Locations: U.S, Russia, Ukraine, Kyiv, AFP, Russia's Kursk, Moscow

☆ From convict to combatant, Ukraine enlists prisoners to fight Russian forces
▼ + stars: | 2024-09-11 | by ( Sebastian Shukla | Frederik Pleitgen | ) edition.cnn.com time to read: +8 min

Still, morale may be Ukraine’s only hope in Pokrovsk as Russian forces zero in on the town. Russian forces are only 8 kilometers (5 miles) away, according to a map dated September 10 from DeepState, a group that monitors the progress of Russian forces in Ukraine that has links to Ukraine’s security services. Pokrovsk is coming under increasingly heavy bombardment by Russian forces as they advance as close as 8km to the town. CNNPokrovsk is a vital supply town for eastern Ukrainian forces fighting back the tides of Russian soldiers. It could result in a withdrawal of Ukrainian forces from Chasiv Yar and the line of contact moving closer to the much larger cities of Kramatorsk and Sloviansk.

Persons: Vitaly, Vitaly mumbles, …, ”, He’s, Vladimir Putin’s, he’d, Oleksandr, ” Oleksandr, they’d, CNN Pokrovsk, Putin, Chasiv Yar Organizations: CNN, 59th Brigade, Ukrainian Armed Forces, Infantry, Convicts Locations: Ukraine, Pokrovsk, Russian, Kursk, DeepState, Donetsk, Kramatorsk

☆ Large supplies of military gear Britain sent to Ukraine were 'due to be scrapped or replaced' anyway, report says
▼ + stars: | 2024-09-11 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +5 min

Read previewThe UK donated military equipment to Ukraine that was so old it would have been thrown away, according to a new report from the National Audit Office (NAO) published on Wednesday. For example, in March 2022, the UK donated 17,010 pairs of unused army boots that were "nearing the end of their usable life," the report said. It comes against a backdrop of criticism over Western-supplied military equipment to Ukraine. Related storiesUkraine has been receiving military aid from its allies throughout Russia's full-scale invasion, which started in February 2022 . In July, the global military alliance NATO pledged to continue supporting Ukraine with the NATO Security Assistance and Training for Ukraine, or NSATU, a new initiative to coordinate the supply of military aid and training.

Persons: —, NAO, Gareth Davies Organizations: Service, National Audit, UK's Ministry of Defence, Business, MoD, Financial Times, Politico, Russia, NATO, Assistance, Training, Ministry of Defence Locations: Ukraine, Germany, Russia's, Netherlands, Canada, Sweden, Finland, Norway, Denmark, Estonia, Lithuania, New Zealand, Romania, Kosovo, Australia, Ukrainian

☆ Russian ship suspected of delivering Iranian ballistic missiles seen at Caspian Sea port
▼ + stars: | 2024-09-11 | by ( Tim Lister | Gianluca Mezzofiore | ) edition.cnn.com time to read: +5 min

CNN —A Russian cargo ship suspected of carrying Iranian ballistic missiles for Moscow’s war against Ukraine was seen at a Russian port on the Caspian Sea a week ago, satellite imagery shared with CNN shows. The ship had previously been in the Iranian port of Amirabad on August 29, according to ship tracking data. Period.”The Ukrainian Foreign Ministry summoned the Iranian charge d’affaires, Shahriar Amouzegar, this week following the reports of ballistic missiles being sent to Russia. By September 6, it had left the Russian port for another voyage. Ukrainian President Volodymyr Zelensky has frequently appealed to Kyiv’s allies for greater latitude in using Western missiles against targets inside Russia.

Persons: “, ”, Antony Blinken, Seyed Abbas Araghchi, Shahriar, Amouzegar, Blinken, Sergei Shoigu, Ababil, ” Blinken, Volodymyr Zelensky, Joe Biden, Keir Starmer, Victoria Butenko, Natasha Bertrand, Kylie Atwood Organizations: CNN, Maxar Technologies, US Treasury, Russian Ministry of Defense, Treasury, Russia, Iranian Fatah, Islamic, Ukrainian Foreign Ministry, Washington, Iran, US, Russian Defense, Islamic Revolutionary Guard Corps, Western, UK Locations: Russian, Ukraine, Olya, Port Olya, Astrakhan ., Amirabad, Iran, Russia, London, Iranian, Islamic Republic, France, Germany, Washington, Astrakhan, The, United States

Americans reported losing $5.6 billion to cryptocurrency scams in 2023, with older Americans hit the hardest, according to the FBI. Americans 60 years old and older filed more than 16,000 complaints of cryptocurrency fraud and reported losing over $1.6 billion, much more than any other age group. The reported scams ranged from phony tech support help and extortion to scammers impersonating government officials. The vast majority of reported losses — almost $4 billion — were a result of investment scams, a category that the FBI uses primarily to refer to so-called pig butchering scams. Last year, a United Nations report found that pig butchering scams are often run by human trafficking victims in Southeast Asia.

Persons: ’, ”, Amy Nofziger, Nofziger Organizations: FBI, NBC News, AARP, United Locations: United Nations, Southeast Asia, California, Chicago

☆ U.S. says Iran is sending ballistic missiles to Russia in a 'dramatic escalation'
▼ + stars: | 2024-09-10 | by ( Dan De Luce | Dan De Luce Is A Reporter For The Nbc News Investigative Unit. | ) www.nbcnews.com time to read: +3 min

Iran has sent short-range ballistic missiles to Russia for its war against Ukraine in a “dramatic escalation” that will let Moscow strike deeper inside Ukrainian territory, U.S. Secretary of State Antony Blinken said Tuesday. “Russia has now received shipments of these ballistic missiles and will likely use them within weeks in Ukraine against Ukrainians,” Blinken told reporters. “Dozens of Russian military personnel have been trained in Iran to use the Fath-360 close-range ballistic missile system, which has a maximum range of 75 miles,” he said. Confirmation from Washington that Iran is now arming Russia with sophisticated short-range ballistic missiles will likely increase pressure on the Biden administration to ease restrictions on how Ukraine can use weapons to strike at targets inside Russia. Iran has denied it is providing missiles to Russia and has called for countries to halt any weapons shipments to either side in the conflict.

Persons: Antony Blinken, David Lamy, ” Blinken, Blinken, “ We’ve, we’ve, ”, Biden, Andrii, Naser Kanaani, Dmitry Peskov, “, Lamy, Behnam Ben Taleblu Organizations: Ukraine, Blinken, British, Firefighters, U.S, Iran Air, Iranian Foreign Ministry, ISNA, Kremlin, Foundation for Defense of Democracies Locations: Iran, Russia, Moscow, U.S, Britain, London, Ukraine, Washington, Kyiv, Russian, Kharkiv, Gaza, Iranian, Tehran

☆ Ex-partner accused of fatally burning Olympian dies from injuries sustained in attack
▼ + stars: | 2024-09-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

Cheptegei, 33, who competed in the marathon at the Paris Olympics, suffered burns to more than 75% of her body in the Sept. 1 attack and died four days later. “He died from his injuries, the burns he sustained,” Lang’at told Reuters. Local media reported that he had suffered 30% burns when he assaulted Cheptegei as she was returning home from church with her children. Cheptegei, who finished 44th in Paris, is the third elite sportswoman to be killed in Kenya since October 2021. Globally, a woman is killed by someone in her own family every 11 minutes, according to a 2023 U.N. Women study.

Persons: Rebecca Cheptegei, dousing, Dickson Ndiema Marangach, Daniel Lang’at, Cheptegei, “, ” Lang’at, ”, Viola Cheptoo, ” Cheptoo, Cheptoo, Agnes Tirop, Ibrahim Rotich Organizations: Kenyan, Paris, Moi Teaching, Reuters, Local, Rights, Tirop’s Locations: Cheptegei, Eldoret, Kenya, Paris, East, Iten

☆ Rebecca Cheptegei: Alleged killer of Ugandan Olympian dies from burns, hospital says
▼ + stars: | 2024-09-10 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

Cheptegei, 33, who competed in the marathon at the Paris Olympics, suffered burns to more than 75% of her body in the Sept. 1 attack and died four days later. ET) on Monday, said Daniel Lang’at, a spokesperson at Moi Teaching and Referral Hospital in Eldoret in western Kenya, where Cheptegei was also treated and died. “He died from his injuries, the burns he sustained,” Lang’at told Reuters. Local media reported that he had suffered 30% burns when he assaulted Cheptegei as she was returning home from church with her children. Cheptegei, who finished 44th in Paris, is the third elite sportswoman to be killed in Kenya since October 2021.

Persons: Rebecca Cheptegei, dousing, Dickson Ndiema Marangach, Daniel Lang’at, Cheptegei, “, ” Lang’at, ”, Viola Cheptoo, ” Cheptoo, Cheptoo, Agnes Tirop, Ibrahim Rotich Organizations: Reuters, Kenyan, Paris, Moi Teaching, Local, Rights, Tirop’s Locations: Cheptegei, Eldoret, Kenya, Paris, East, Iten

☆ Stocks making the biggest moves midday: Ally Financial, Southwest Airlines, Oracle and more
▼ + stars: | 2024-09-10 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Mission Produce , Calavo Growers — Shares gained 20% after the avocado producer reported a year-over-year revenue increase of 24% for the fiscal third quarter. Calavo Growers advanced around 12% after the rival producer reported adjusted earnings of 57 cents per share in its fiscal third quarter. That is more than the 43 cents per share that analysts were expecting, according to FactSet. Oracle — Shares of the database software company surged more than 11% after a fiscal first-quarter beat on the top and bottom lines. For the fiscal second quarter, the company saw growth of 4% in preliminary consolidated same-store sales.

Persons: Russell Hutchinson, LSEG, Piper Sandler, Hewlett Packard, Rubrik, FactSet, Patterson, Gary Kelly, Bob Jordan, Alibaba, Daniel Pinto, — CNBC's Brian Evans, Samantha Subin, Lisa Kailai Han, Jesse Pound, Michelle Fox Organizations: Ally, Mission, Calavo, Calavo Growers, Oracle —, Oracle, Amazon Web Services, Hewlett Packard Enterprise, Hewlett, Juniper Networks, UTI, Southwest Airlines —, Elliott Investment Management, Hong, Reuters, JPMorgan Locations: U.S, Alibaba —, China, Hong Kong, Shanghai, Shenzhen

☆ American fast-food giants are going big on a China wager, betting they can get the country's new middle class to love them back
▼ + stars: | 2024-09-10 | by ( Matthew Loh | ) www.businessinsider.com time to read: +11 min

An expansion rate surpassing America'sKFC, run by Shanghai-headquartered Yum China, has historically enjoyed the lion's share of the country's fast-food cravings. Hopes for a new middle class in ChinaCities in China are unofficially grouped into tiers according to their status, size, and wealth. Chinese KFC has nearly doubled its menu itemsExpanding during a sluggish economy might make sense for fast food brands, which are often classified as recession-proof as consumers downgrade their spending. Advertisement"Now, they are doubling down further on this strategy by expanding into the inland regions of China, especially Tier Three and Tier Four cities with a growing middle class," they told BI. Yum China has also been expanding aggressively in the country's burgeoning coffee scene, establishing a popular spin-off called KCoffee.

Persons: —, It's, McDonald's, Shaun Rein, Rein, Allison Malmsten, Malmsten, Cui Nan, Wang Gang, Jonathan Bernstein, Bernstein, Kung Fu, Daxue, it's, They've Organizations: Service, Thursday, Business, McDonald's, Tier, China Market Research Group, KFC, LONG, Future Publishing, Getty Images, China, US, Yum China, Daxue Consulting, Publishing, China News Service, Getty, Analysts, Yonder Consulting Locations: China, Kentucky, Weibo, Hangzhou, China's, Shanghai, China Cities, Beijing, Guangzhou, Shenzhen, Chengdu, Chongqing, Nanyang, Suqian, Jiangsu, London, Asia, Shanghai thronged

☆ Melania Trump questions Trump assassination attempt story: 'We need to uncover the truth'
▼ + stars: | 2024-09-10 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Former first lady Melania Trump questioned the official account of the attempted assassination this summer of her husband, Republican presidential nominee Donald Trump. Speaking in a dramatically produced 30-second video, posted to social media Tuesday to promote her new memoir, Trump argues there is "definitely more to the story." She refers specifically to the failure of law enforcement to arrest the shooter Thomas Crooks before the near-fatal shooting of Donald Trump at a campaign rally in western Pennsylvania. "There is definitely more to this story, and we need to uncover the truth." The video ends with an image of her new book, "Melania," and a link to buy copies of it.

Persons: Melania Trump, Donald Trump, Trump, Thomas Crooks, Donald Trump's, Kalama Harris Organizations: CNBC, Democratic Locations: Pennsylvania, Philadelphia

☆ 'Spook the West': Turkey's bid for BRICS both a strategic and symbolic step, analysts say
▼ + stars: | 2024-09-10 | by ( Natasha Turak | ) www.cnbc.com time to read: +5 min

Turkish Foreign Minister Hakan Fidan attends the BRICS+ session on a two-day BRICS foreign ministers summit held in Nizhny Novgorod, Russia on June 11, 2024. BRICS, which stands for Brazil, Russia, India, China and South Africa, is a group of emerging market countries that seek to deepen their economic ties. Russian President Vladimir Putin shakes hands with Turkish President Recep Tayyip Erdogan during their joint press conference on September 4, 2023, in Sochi, Russia. The fact that it's led by China makes some in the West wary, who see this as a potential win for Beijing. Turkish President Recep Tayyip Erdogan (not seen) is welcomed by Chinese President Xi Jinping as part of the 11th G20 Leaders' Summit in Hangzhou, China, on September 3, 2016.

Persons: Hakan Fidan, Sefa, It's, George Dyson, Dyson, Matthew Bryza, Recep Tayyip Erdogan, Vladimir Putin, Russia —, Arda Tunca, Tunca, it's, Xi Jinping, Mehmet Ali Ozcan Organizations: Turkish, Anadolu, Getty, AK Party, NATO, Control, CNBC, EU, White House, Senior State Department, United Arab, Russia, West, China, Beijing, Anadolu Agency Locations: Nizhny Novgorod, Russia, Brazil, India, China, South Africa, Iran, Egypt, Ethiopia, UAE, Western, Turkey, Europe, U.S, Ankara, Istanbul, Ukraine, Saudi Arabia, United Arab Emirates, Russian, Sochi, United States, BRICS, Turkish, Hangzhou

☆ The Supreme Court may have a shot to strike down Section 230 after a child's death was blamed on a 'blackout challenge' seen on TikTok
▼ + stars: | 2024-09-10 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +7 min

In a decision on August 27, the US Third Circuit Court of Appeals found that, in 2021, TikTok — via its "For You Page" algorithm — recommended a video promoting a "blackout challenge" to 10-year-old Nylah Anderson. The company had argued in court that it was immune from prosecution due to Section 230 of the Communications Decency Act. AdvertisementBut the Third Circuit ruling could change that. French and other supporters of the Third Circuit ruling argue that TikTok's liability protections should end where its algorithmic suggestions begin. If they do, their ruling could have even broader consequences than the Third Circuit ruling.

Persons: —, Nylah Anderson, Paul Matey, TikTok, Nylah, asphyxiate, We'd, David French, Betsy Rosenblatt, Rosenblatt, Clarence Thomas, Neil Gorsuch, SCOTUS, Amy Coney Barrett Organizations: Service, US, Appeals, TikTok, Business, Communications, Circuit, New York Times, Third Circuit, Spangenberg, for Law, Technology, Arts, Moody

Flooding rainfall, powerful winds and potentially life-threatening storm surge could pummel parts of the upper Texas and Louisiana coastlines as Francine passes through. In addition to a hurricane warning in Louisiana, tropical storm warnings and watches have been issued along a stretch of the Louisiana and Texas coast. A storm surge warning has also been issued from High Island, Texas, to the mouth of the Mississippi River. Storm surge and rough surf could also cause minor flooding on the Mexico coast early this week. Storm surge will begin to ramp up as Francine nears landfall, causing normally dry areas to be inundated with several feet of water.

Persons: Francine, Louisiana’s, It’s, Jeff Landry, Louisiana’s Cameron Parish, Ida, Francis, “ Francine Organizations: CNN, National Hurricane Center, Louisiana and, Gov, Federal Emergency Management Agency Locations: Gulf, Louisiana, Texas, Mexico, Mississippi, Louisiana and Texas, High Island , Texas, Louisiana’s Cameron, Jefferson Parish’s, Grand Isle, St, Mary, Terrebonne, Terrebonne Parish, Jefferson, Orleans, New Orleans, In Mississippi, . Texas

☆ Stocks making the biggest moves before the open: Apple, Oracle, Boot Barn, Mission Produce and more
▼ + stars: | 2024-09-10 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Mission Produce — The avocado producer surged 21.6% after reporting revenue for the fiscal third quarter jumped 24% from a year ago. The company reported sales of $324 million, compared with $261.4 million in the same three-month period one year before. Boot Barn — Shares rose 6% after the Western-style retailer provided an update on its recent performance ahead of a Piper Sandler Growth Frontiers Conference presentation. Boot Barn announced preliminary consolidated same-store sales growth of 4% in its fiscal second quarter. Johnson Controls International — Shares rose nearly 2% after JPMorgan upgraded the stock to buy from neutral.

Persons: Piper Sandler, LSEG . Patterson, Alibaba, Morgan Stanley, Wells Fargo, —, Samantha Subin, Sean Conlon, Lisa Kailai Han, Jesse Pound, Yun Li, Scott Schnipper Organizations: Growers, Oracle, LSEG, Apple, Hewlett Packard Enterprise, Juniper Networks, Revenue, UTI Energy, Hong, Reuters, Johnson, JPMorgan, Anheuser, Busch Inbev SA, Equity Locations: California, U.S, Alibaba —, China, Hong Kong, Shanghai, Shenzhen, Wells

☆ What to watch during the Trump, Harris debate on ABC
▼ + stars: | 2024-09-10 | by ( Gregory Krieg | ) edition.cnn.com time to read: +13 min

Here are six things to watch for on Tuesday night:Will Harris deliver the policy message voters say they want to hear? More than her convention speech, the debate will provide a platform for Harris to answer some of those questions. This image shared by ABC News shows the stage in Philadelphia ahead of the debate between Harris and Trump. Rebecca Wright/CNNWhen Harris sticks by Biden’s policies, Trump attacks them and her as a failure. What’s not up for debate is that Biden, though absent in person, figures to be a prominent figure on the debate stage.

Persons: CNN — Kamala Harris, Donald Trump’s –, Trump, Joe Biden, Harris, Biden, –, Will Harris, Al Drago, ”, Zach Wolf, MAGA, CNN’s Dana Bash, ” Harris, Biden’s, Rebecca Wright, parry, What’s, Wade, “, Vladimir Putin –, unreservedly Organizations: CNN, Democratic, New York Times, Siena College, Trump, ABC News, ABC, Howard University, Democratic National Convention, Republican, White Locations: Philadelphia, Atlanta, Georgia, Chicago, Mexico, Florida, Gaza, Ukraine, Israel, Trump , Russian, Palestinian

☆ Israeli airstrike kills Hezbollah special forces commander
▼ + stars: | 2024-09-10 | by ( Mohammed Tawfeeq | ) edition.cnn.com time to read: +1 min

CNN —A senior Hezbollah commander has been killed in an Israeli airstrike in Lebanon. Hezbollah confirmed Al-Shaer had been killed and said it responded to his killing by launching “dozens” of Katyusha rockets and several drones toward two locations in northern Israel. The Israeli military added that it had responded by striking Hezbollah launchers “in the areas of Mansouri and At Tiri,” which had been used in the attacks. Earlier Tuesday, the Israeli Air Force said it had struck a Hezbollah military structure in the village of Rachaf in the Nabatieh governorate of southern Lebanon. Lebanon’s Public Health Emergency Operations Center said the strike on Rachaf wounded 12 people.

Persons: CNN —, Mohammed Qassem Al, Shaer, Israel ”, Al Organizations: CNN, Radwan Force, Israel Defense Forces, IDF, Israeli Air Force, Lebanon’s, Health Emergency, Center Locations: Lebanon, Qaraoun, Valley, Israel, Iran, Mansouri, Tiri, Rachaf, Nabatieh, Gaza

☆ Moscow: Ukraine strikes Russian capital in biggest drone attack to date
▼ + stars: | 2024-09-10 | by ( Story Reuters | ) edition.cnn.com time to read: +4 min

Reuters —Ukraine struck the Moscow region on Tuesday in its biggest drone attack so far on the Russian capital, killing at least one woman, wrecking dozens of homes and forcing around 50 flights to be diverted from airports around Moscow. Russia, the world’s biggest nuclear power, said it destroyed at least 20 Ukrainian attack drones as they swarmed over the Moscow region, which has a population of more than 21 million, and 124 more over eight other regions. The drone attacks on Russia damaged at high-rise apartment buildings in the Ramenskoye district of the Moscow region, setting flats on fire, residents told Reuters. Tuesday’s attack follow drone attacks Ukraine launched in early September targeting chiefly Russia’s energy and power facilities. Authorities of the Tula region, which neighbors the Moscow region to its north, said drone wreckage fell onto a fuel and energy facility but the “technological process” of the facility was not affected.

Persons: Andrei Vorobyov, ” Alexander Li, ” Georgy, “, ”, Vladimir Putin Organizations: Reuters, Residents, shockwave, Kremlin, NATO Locations: Ukraine, Moscow, Russia, Kyiv, Ramenskoye, Bryansk, Russia’s, Kursk, Russian, U.S, Tula

☆ Study shows how the pandemic may have affected teens’ brains
▼ + stars: | 2024-09-09 | by ( Kristen Rogers | ) edition.cnn.com time to read: +7 min

“Teens need our support now more than ever.”Significant socioemotional development occurs during adolescence, along with substantial changes to brain structure and function. The researchers originally intended to track ordinary adolescent brain development over time, starting with MRIs the authors conducted on participants’ brains in 2018. The study revealed accelerated cortical thinning in the post-pandemic brains of teens — occurring in 30 brain regions across both hemispheres and all lobes for girls, and in only two regions for boys. The prevalence of the thinning amounted to 43% and 6% of the studied brain regions for girls and boys, respectively. The regions affected in boys’ brains are involved in processing objects in the visual field as well as faces.

Persons: ”, Patricia K, Kuhl, Max Wiznitzer, Wiznitzer wasn’t, Wiznitzer, It’s, Ian Gotlib, wasn’t, ” Kuhl, Gotlib Organizations: CNN, National Academy of Sciences, Institute for Learning, Sciences, University of Washington, Case Western Reserve University School of Medicine, Stanford, Stanford University Locations: Seattle, Washington

☆ Ukraine started this year on the brink of disaster. A lot has changed since.
▼ + stars: | 2024-09-09 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +9 min

Getting F-16s and long-awaited weaponsDelays in getting Western equipment have long been a source of frustration for Ukraine. Western allies lifted some restrictions in May, allowing Ukraine to strike Russian troops building up at its borders. AdvertisementTaking the war inside RussiaThe biggest change this year is that Ukraine altered the dynamics of the conflict by launching a surprise attack on Russia's Kursk region. In just two weeks, starting on August 6, Ukraine claims its forces took more territory in Kursk than Russia had since the beginning of 2024. Ukraine is "losing territory and may suffer a breakthrough," Benjamin Friedman, policy director at the Defense Priorities think tank, told BI.

Persons: —, Abishur Prakash, Volodymyr Zelenskyy, Zelenskyy, Volodymyr Zelenskyi, Vitalii, Mark Temnycky, it's, Gabrielius Landsbergis, Ukraine wouldn't, Mark Cancian, year's, Putin, Joe Biden, Benjamin Friedman, Michael Kofman, Rob Lee, Prakash Organizations: Service, Russia, Republican, Business, Inc, Reuters, Army Tactical Missile Systems, Getty, Council's Eurasia, Times, Institute for, American Enterprise, Air Assault Brigade, REUTERS, US Marine Corps, Center for Strategic, International Studies, CNN, Defense, Carnegie Endowment, International Peace, Foreign Policy Research Institute, Foreign, Kyiv Locations: Ukraine, Russia, Russian, Kursk, Toronto, Kharkiv, London, Russia's Kursk, Malaya Loknya, Kursk Region, REUTERS Russia, Kyiv

☆ More countries are openly flaunting their ties with Putin. They say it's just business.
▼ + stars: | 2024-09-09 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewRussian President Vladimir Putin is having a very social year as his country continues to wage war in Ukraine. So far, Putin has met top leaders from Asian countries including China, India, Vietnam, and Indonesia. Russia is the BRICS chair this year, and Putin has invited Mongolia to join the group's summit in October. Russia's push for a multipolar world order resonates with countries who desire a more equitable international order.

Persons: —, Vladimir Putin, Putin, Sean McFate, McFate, Anwar Ibrahim, Ukhnaagiin Khürelsükh, couldn't, Russia —, Serik, Li Qiang's, Syracuse University's McFate, it's, Derek Grossman, Grossman Organizations: Service, Syracuse University Maxwell School of Citizenship, Public Affairs, Business, Malaysian, Criminal, ICC, World Bank, European Union, NATO, Bloomberg, Moscow, Central, European, EU, United Nations, RAND, Foreign Locations: Ukraine, China, India, Vietnam, Indonesia, Russia, North Korea, Iran, Mongolia, Mongolian, Russia's, European, Sri Lanka, Turkey, Kazakhstan, Central Asian, European Union, Moscow, Beijing, Europe, Syracuse, Brazil, South Africa, Malaysia, Switzerland, United States

☆ Battery giant Northvolt to lay off staff in huge cost-cutting drive amid EV market slowdown
▼ + stars: | 2024-09-09 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Northvolt, a key battery producer for Europe's electric vehicle industry, announced Monday that it plans to cut jobs, shut down one of its sites, and enter into discussions with partners and investors to secure the future of a facility in Poland. Based in Stockholm, Sweden, Northvolt is one of Europe's most valuable privately-held tech firms that builds lithium-ion batteries for the electric vehicle industry. The battery maker cited a "challenging macroeconomic environment and our subsequent reassessment of Northvolt's near-term priorities" as the key reasons behind its decision to embark on the cost-cutting drive. Northvolt has faced a litany of pressures in recent months — not least the demand challenges facing the broader electric vehicle industry. BMW said at the time that the deal had been cancelled due to Northvolt being unable to deliver on time.

Persons: Northvolt, Peter Carlsson Organizations: Volkswagen, Volvo, Alternative Fuels, BMW, EV Locations: Poland, Stockholm, Sweden, Europe

☆ Houthi rebels say they shot down a $30M US Reaper drone, the 8th in less than a year
▼ + stars: | 2024-09-09 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Read previewHouthi rebels claim to have shot down another MQ-9 Reaper drone in Yemen. AdvertisementThe Houthi rebels did not post a picture, video, or evidence of this latest claimed shootdown on their social media channels. This is not the first time the Houthis have claimed to have taken down a MQ-9 Reaper drone. In May, the Associated Press reported a US MQ-9 Reaper drone — worth $30 million — came down in Yemen, the third in just a month, citing a video of the shootdown. Related storiesUS warships and aircraft, meanwhile, have repeatedly targeted Houthi missiles and drones, as well as assets like radar sites.

Persons: —, Ameen Hayyan, Adm, George Wikoff, Wikoff Organizations: Service, Yemeni Armed Forces Spokesperson's Office, Yemeni Air Forces, Business, Department of Defense, Associated Press, Prosperity Guardian, Center for Strategic, International Studies, US Naval Forces Central Command Locations: Yemen, Gaza, Israel, Iran, Gulf, Aden, Red

☆ Ukraine's Kursk offensive shows it could win the war if the West ended its weapon restrictions, European official says
▼ + stars: | 2024-09-09 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Read previewUkraine's Kursk offensive shows what the country could achieve if its allies dropped their weapons restrictions, a leading European official said. It's also complicated Russian plans for offensive operations later this year, Ukraine's military spymaster, Kyrylo Budanov, told Ukrainian radio station Radio Charter on Saturday, per a translation by the Institute for the Study of War. Western allies lifted some restrictions in May, allowing Ukraine to strike Russian troops building up at its borders, but it's still not allowed to use Western weapons to carry out deep strikes . "There's no one capability that will, in and of itself, be decisive in this campaign," Austin said, per Politico.

Persons: —, Marko Mihkelson, Mihkelson, Gen, Oleksandr Syrskyi, Syrskyi, It's, Kyrylo Budanov, it's, Volodymyr Zelenskyy, Defense Lloyd Austin, Austin Organizations: Service, West, Estonia's Foreign Affairs, Business, CNN, Radio, Institute for, Ramstein, American Enterprise, Defense Locations: Kyiv, Ukraine, Ukrainian, Russia's Kursk, Russia, Kursk, Pokrovsk, Western, Germany

☆ Huawei's new trifold phone got more than 2 million preorders in a few hours, just before Apple is set to announce new iPhones
▼ + stars: | 2024-09-09 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Read previewOne of China's top smartphone makers raked in 2.8 million preorders for its latest phone just one day after reservations began — even before people learned its price. Huawei's Mate XT, a trifold smartphone, is set to be unveiled during an event on Tuesday in China. On Huawei's online sales platform, which is selling the device in two colors, nearly 3 million people had registered interest at publication time. While pricing for the latest phone, which folds twice, is not known, Huawei has recently been competing with Apple in the same price territory. According to data compiled by third parties, Apple has recently fallen off the list of the top five best-selling smartphone makers in China.

Persons: —, Xiaomi Organizations: Service, Business, Apple, Huawei, IDC Locations: China, Shenzhen

Search resuls for: "Western"

25 mentions found