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☆ While much of Europe embraces hard-right parties, the UK has swung wildly to the left. Here’s why
▼ + stars: | 2024-07-05 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +5 min

Francois Lo Presti | Afp | Getty ImagesLONDON — A somewhat strange and ironic political shift has gripped Europe over the last few years. "There's an anti-incumbency mood again in Europe," Dan Stevens, professor of politics at Exeter University, told CNBC. Shared concernsThe U.K. is not alone in looking for a political change of scenery. A similar shift has been observed in much of western and eastern Europe in recent years, with hard-right populist and nationalist parties upsetting and unseating the old political establishment. Political analysts point out that, although far-right political parties in France, Germany and Italy made gains in the recent European Parliament elections, they also did not perform quite as well as expected.

Persons: Jordan Bardella, Francois Lo Presti, Dan Stevens, Stevens, Christopher Granville, leaderships, they've, Granville, Sofia Vasilopoulou Organizations: Union, Afp, Getty, Labour Party, Conservative Party, Europe —, Exeter University, CNBC, Conservative, Party for Freedom, EMEA, TS Lombard, King's College London Locations: France, Henin, Beaumont, Europe, euroskeptic, Ukraine, Italy, Netherlands, Germany

☆ Ukraine needs to stop fighting the war Russia wants
▼ + stars: | 2024-06-23 | by ( Michael Peck | ) www.businessinsider.com time to read: +8 min

Build up Ukrainian military power and compel Russia to agree to peace, argues a Ukrainian security expert. It's also clear that even with robust EU and US support, Ukraine is still at a disadvantage against the Russian war machine in a years-long fight. Related storiesDanylyuk also worries that political divergences between Ukraine and its allies are undermining Ukrainian military effectiveness. REUTERS/Sofiia GatilovaThe result is that the Ukrainian military isn't sure what kind of war to prepare for. Interestingly, Danylyuk blames the West for failing to adapt its equipment to the lessons of the Ukraine war.

Persons: Oleksandr Danylyuk, Danylyuk, Carl von Clausewitz, Biden, It's, Ukraine's, Michael Peck Organizations: Service, Business, Royal United Services Institute, Century, [ Armed Forces, REUTERS, Ukrainian, Russian, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Ukraine, Russia, USSR, British, Europe, Ukrainian, Kostiantynivka, Donetsk, Crimea, Soviet, Afghanistan, Russian, Moscow, China, North Korea, Iran, Forbes

☆ European elections 2024: What’s at stake in the world’s biggest multi-country vote
▼ + stars: | 2024-06-06 | by ( Luke Mcgee | ) edition.cnn.com time to read: +11 min

CNN —One of the world’s largest democratic exercises gets underway this week, with some 373 million people across the European Union eligible to vote in elections for the next European Parliament. Pedestrians walk past a banner displayed on the building of the European Parliament in Brussels on May 17, 2024. The European Parliament sits primarily in Brussels, Belgium, but moves roughly once a month to Strasbourg, France. National elections are set to take place in France in 2027, in which right-wing populist Le Pen could emerge victorious. There are EPP members (and certainly ECR members) who will agree with ID members on matters such as immigration and climate change.

Persons: Kenzo Tribouillard, Germany’s Ursula von der Leyen, Ursula von der Leyen, Giorgia Meloni, Yara Nardi, Pen, Emmanuel Macron’s, What’s, Simona Granati, der Leyen, Von der Leyen, it’s Organizations: CNN, European Union, Voters, EU, Getty, European Commission, European Council, Italian, European, European People’s Party, EPP, Progressive Alliance of Socialists, European Conservatives, ECR, Corbis, Von Locations: Ukraine, Gaza, EU, Brussels, AFP, European, Belgium, Strasbourg, France, Lampedusa, China, Europe, Italian, Rome, Italy, Germany

☆ Rupert Murdoch officially steps down from his media empire, handing over the reins to his son Lachlan
▼ + stars: | 2023-11-15 | by ( Oliver Darcy | ) edition.cnn.com time to read: +6 min

CNN —Lachlan Murdoch is stepping onto center stage. On Wednesday, his father, Rupert Murdoch, officially stepped down as chairman of News Corporation, the print publishing arm of the billionaire mogul’s powerful media empire, marking the end of an era. In his final remarks on Wednesday to the News Corporation board as chairman, Murdoch hit on a number of topics. His profile rose when he took on the role of executive chairman in 2015 at what was then 21st Century Fox. But Lachlan, whose Fox News has refrained from openly skewering the GOP frontrunner, has never made such comments in public.

Persons: Lachlan Murdoch, Rupert Murdoch, Rupert, Murdoch, Evan Gershkovich, ”, Lachlan, ” Rupert, James Murdoch, Fox, Donald Trump, Trump, hasn’t, Jim Rutenberg, “, “ Will Lachlan, ” Rutenberg, “ Murdoch, Will Lachlan Organizations: CNN, News Corporation, Fox Corporation, Fox News, Century Fox, Disney, Fox, GOP, Australian, Voting, The New York Times Locations: Russia, Lachlan, Australia, Americas

☆ Counting the cost of contagion fears from Africa coups
▼ + stars: | 2023-09-21 | by ( Libgeorge Marc Jones | Marc Jones | ) www.reuters.com time to read: +5 min

Gabon coup leader General Brice Oligui Nguema is sworn in as interim president during his swearing-in ceremony, in Libreville, Gabon, September 4, 2023. The putsch not only sent Gabon's bonds tumbling 10%, but also hit those issued by a number of other countries including neighbouring Cameroon, as jittery investors scanned for who might be next. The apparent coup trend is adding to other major concerns deterring many investors from Africa - a wave of debt crises, tense geopolitics and an extreme vulnerability to climate change. "Nearly all markets in that region are paying some price in terms of rising cost of debt," said Sergey Dergachev, portfolio manager at Union Investment. There have been scores of coups and attempted coups in recent decades including in Thailand, Ecuador, Egypt and Turkey.

Persons: General Brice Oligui Nguema, Stringer, Sergey Dergachev, Paul Biya, Macky Sall, Denis Sassou Nguesso, Eamon Aghdasi, Fitch, Moody's, Thailand's, Ravi Bhatia, Bongo, Simon Quijano, Evans, Libby George, Marc Jones, Karin Strohecker, Emelia Sithole Organizations: REUTERS, UNDP, Union Investment, Investors, Reuters, General Assembly, Burkina, P Global, Reuters Graphics, Monetary Fund, Central, CFA, Peace, Thomson Locations: Gabon, Libreville, Africa Mali, Guinea, Africa, Cameroon, Mali, Thailand, Ecuador, Egypt, Turkey, crackdowns, Senegal, Congo Republic, New York, Niger, Burkina Faso, Kenya

☆ Exclusive: U.S. quietly inspects Israeli crossings for its Palestinian dual-nationals
▼ + stars: | 2023-08-01 | by ( Dan Williams | ) www.reuters.com time to read: +5 min

Since the trial period began, Palestinian Americans already say there is a difference. The allies have sought to limit publicity around the trial period, which comes amid unusually intense strains between their leaderships over wider Palestinian policies and other issues. One official told Reuters the trial period has been "going smoothly," without significant hold-ups for Palestinian American travellers. The Arab American Institute Foundation puts the number of Americans of Palestinian descent at between 122,500 and 220,000. An Israeli official gave lower figures, saying that out of 70,000 to 90,000 Palestinian Americans worldwide, about 15,000 to 20,000 were West Bank residents.

Persons: Abdul Jalil Juda, Ben Gurion, Benjamin Netanyahu, Nidal al, Nuha Sharaf, Dan Williams, Peter Graff Organizations: Ben Gurion, West Bank, U.S, Visa, Reuters, Embassy, Israel's National Security Council, Israeli, Palestinian, ., City University of New, of Homeland Security, State Department, Arab American Institute Foundation, West Bank ., Thomson Locations: Israel, JERUSALEM, Palestinian, Israeli, West, Washington, United States, Ben, Jordan, Jerusalem, U.S, American, City University of New York, The U.S, Gaza

Russia's gas, in contrast to its oil, is not subject to Western sanctions, although Brussels is considering extending its embargo on Russian fuel. Gazprom's gas exports, mainly to Europe, almost halved last year because of the political crisis over Ukraine and after undersea Nord Stream pipelines were damaged by unexplained blasts last September. Timchenko had long challenged Gazprom's monopoly on Russian gas exports, saying in 2012 that Europeans wanted to have an alternative to Gazprom. "I believe that Gazprom Export's marketing campaign led to its European share decrease ... Liquefied natural gas has already come to the market. In essence, a new, cheaper gas market is emerging; one has to see such things," Timchenko told the Forbes magazine in 2012.

Persons: Maxim Shemetov, Russia's, Ronald Smith of, Novatek, Vladimir Putin, Alexei Miller, Putin, Miller, Gennady Timchenko, Timchenko, Oksana Kobzeva, Vladimir Soldatkin, Barbara Lewis Organizations: Gazprom, REUTERS, Stream, EU, Kremlin, European Union, Novatek, BCS, Forbes, Thomson Locations: Russia, Europe, MOSCOW, Ukraine, Brussels, Siberia, LNG, Ronald Smith of Moscow, Germany, Italy, Soviet, St Petersburg, Moscow, Russian

☆ Russia and China's trade relationship has become increasingly lopsided
▼ + stars: | 2023-07-19 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Yale data shared with Insider illustrate that China is now Russia's largest import and export partner. Thousands of companies have pulled out of Russia in the last year and that's made Moscow increasingly reliant on Beijing. Yale figures shared with Insider shows that China is now Russia's largest import and export partner by a big margin, but the relationship is heavily lopsided. By comparison, Russia is the 11th largest importer of Chinese goods, with the US, Hong Kong, and Japan taking in far more as China's three biggest trade partners. China and Russia have an asymmetric trade relationship.

Persons: that's, That's, Vladimir Putin's, Jeffrey Sonnenfeld, Russia's, Geely, Putin, Putin isn't, Xi Jinping, Mikhail Korostikov Organizations: Yale, Service, Bank of Locations: China, Russia, Moscow, Beijing, Wall, Silicon, Ukraine, Germany, Hong Kong, Japan, Russian, Bank of Russia

☆ Swedish Military Intelligence says threat from Russia has increased
▼ + stars: | 2023-02-20 | by ( ) www.reuters.com time to read: +1 min

STOCKHOLM, Feb 20 (Reuters) - Russia poses a clear military threat in Sweden's immediate area but its forces are largely tied up in the war in Ukraine, the Swedish Military Intelligence and Security Service (MUST) said on Monday. "The European Security Order as we know it has ceased to exist...and with that the risks for Swedish security have also increased," Lena Hallin, head of MUST, told a news conference. Hallin also said she expected Russia to strengthen its military capability in Sweden's immediate area when it was possible, in response to Sweden and Finland applying for NATO membership. She said that MUST judged that Russia wants to avoid current tensions escalating into an armed conflict with NATO. "But there is considerable uncertainty, mainly relating to the Russian leaderships' willingness to take high risks," she said, adding that the high level of tension raised risks that accident or misjudgment could lead to conflict.

☆ Amazon CEO Andy Jassy just joined the company's earnings call for the first time ever and shared 4 of his top priorities: 'Each era is different'
▼ + stars: | 2023-02-03 | by ( Eugene Kim | ) www.businessinsider.com time to read: +5 min

Amazon's CEO Andy Jassy made his first ever appearance on the company's quarterly earnings call. "We'll continue to work really hard on being sharp on pricing," Jassy said. In the current economy, customers are "very conscious" about how much they're spending, Jassy said, which makes pricing an even more important factor for them. "We'll continue to work really hard on being sharp on pricing," Jassy said. "We will continue to work very hard on those customer experiences, and we have a lot more planned," Jassy said.

"Grateful for the long-overdue release of Brittney Griner today from Russian custody. "Thank you to every single person that kept Brittney Griner’s name alive #WEAREBG," tweeted one of her Phoenix Mercury teammates, Brianna Turner. The Biden administration wasn't able to secure Whelan's release because the Russian government is treating his case differently than Griner's, Biden said. “While we celebrate Brittney’s release, Paul Whelan and his family continue to suffer needlessly,” Blinken said. Share this -Link copiedWho is Viktor Bout, Russian arms dealer that the U.S. exchanged for Brittney Griner?

☆ UAE president, Saudi crown prince led mediation to release Griner - joint statement
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +1 min

DUBAI, Dec 8 (Reuters) - The United Arab Emirates president and Saudi crown prince led mediation efforts that secured the release of U.S. basketball star Brittney Griner in a prisoner swap with Russia, a joint UAE-Saudi statement said on Thursday. "The success of the mediation efforts was a reflection of the mutual and solid friendship between their two countries and the United States of America and the Russian Federation," the joint statement said. It "highlighted the important role played by the leaderships of the two brotherly countries in promoting dialogue between all parties". Saudi Arabia had scored an earlier diplomatic victory in September by securing freedom for foreign fighters captured in Ukraine, at a time of tension between Riyadh and Washington. Saudi Arabia and the UAE, both traditional U.S. allies, are members of the OPEC+ oil producers alliance that includes Russia and have resisted Western pressure to help isolate Moscow over its invasion of Ukraine.

☆ Key takeaways from the COP27 climate summit in Egypt
▼ + stars: | 2022-11-20 | by ( ) www.reuters.com time to read: +5 min

[1/4] Egyptian Foreign Minister and Egypt's COP27 President Sameh Shoukry attends an informal stocktaking session during the COP27 climate summit, in Sharm el-Sheikh, Egypt, November 18, 2022. REUTERS/Mohamed Abd El GhanySHARM EL-SHEIKH, Egypt, Nov 20 (Reuters) - This year's U.N. climate summit featured visits by world leaders, proposals by business leaders, and negotiations by nearly 200 nations about the future of global action on climate change. Natural gas chiefs were billing themselves as climate champions, despite gas companies having faced lawsuits in the United States over such claims. The leftist leader made the Egypt climate summit his first visit abroad since winning Brazil's presidential election last month against right-wing President Jair Bolsonaro, who presided over mounting destruction of the rainforest and refused to hold the 2019 climate summit originally planned for Brazil. U.S., CHINA RELATIONSHIP REKINDLEDA critical precursor for the climate talks' success happened far away from the Red Sea locale.

☆ Key takeaways from the COP27 climate summit
▼ + stars: | 2022-11-20 | by ( Megan Rowling | ) www.reuters.com time to read: +5 min

☆ One professional trader game planned for Alameda's blowup, but it still wasn't enough to protect against FTX's collapse
▼ + stars: | 2022-11-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Sam Bankman-Fried, founder and CEO of crypto exchange FTX. Amid the implosion of crypto exchange FTX, I'm sure many of you had a similar thought creep into your mind. That would be unfathomable that he would do that — even if your prop shop went down, why would you risk a $32 billion exchange business that prints money?" The lake-side castle the New York Yankees legend put on the market four years ago is now reportedly going to auction with an opening bid of $6.5 million. Keep updated with the latest business news throughout your day by checking out The Refresh from Insider, a dynamic audio news brief.

☆ Why China doesn't actually want to invade Taiwan
▼ + stars: | 2022-11-12 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +8 min

Biden is trying to reassure Beijing but also trying to deter them from using military force to coerce Taiwan." Biden, however, has gone further, repeatedly asserting that he would respond to a Chinese invasion by committing US troops. For China, the Taiwan threat gives them negotiating leverage with the US and influence over Taiwan's domestic politics. If Congress passes the Taiwan Policy Act, Taiwan will get $6.5 billion in taxpayer money to buy more US-made weaponry. The sanctions that would likely follow an invasion of Taiwan would quickly and severely restrict the country's supply of meat.

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