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With a majority of the electorate under 40 years of age, the candidates are all vying for young voters to claim victory. On the ground, young voters are struggling to find jobs that suit their aspirations.” Yoes Kenawas, doctoral candidate at Northwestern UniversityIn addition to these economic concerns, more young voters also now worry about climate change. The social media battlegroundNearly 80% of people in Indonesia are connected to the internet and people aged 16 to 64 spend an average of more than three hours a day on social media, according to the We Are Social 2023 Digital Report, which provides global social media insights. Wednesday’s results will potentially offer a verdict on how effective social media campaigns have been in addressing young voters’ worries. There is a concern that young voters could get trapped in “a political campaign that is relying on gimmicks,” Kenawas said.
Persons: Indonesia’s, Joko Widodo, Ganjar Pranowo, Anies Baswedan, Prabowo Subianto, — Gibran Rakabuming Raka, Raka, Widodo’s, Subianto, Abigail Limuria, Bijak, ” Abigail Limuria, , Yoes Kenawas, ” Yoes Kenawas, Instagram, Kenawas, Muhaimin Iskandar, Mahfud, Gibran Rakabuming Raka, Subianto’s, Widodo, He’s, he’s, , ” Kenawas Organizations: CNN, Indonesia, Indonesian Defense, CNN Indonesia, Center for Strategic, International Studies, International Labour Organization, Indonesia’s Central Statistics Agency, Northwestern University, , CSIS, Widodo Locations: Central Java, Jakarta, Swiss, Indonesia, policymaking, CNN Indonesia
Named, JS Raigei (“Thunder Whale” in Japanese), the diesel-electric attack sub is the fourth boat of the Taigei-class , which translates to “big whale.”Its launch comes almost exactly one year after the launch of the third Taigei-class sub, JS Jingei (or “Swift Whale”). With a building time of about two years each, Japan has launched a new Taigei-class sub every year since 2020. China’s current sub fleet, numbering some 59 boats, includes approximately 10 improved Kilo-class , 12 Type 039-class , and 21 Type 039A-class diesel-electric attack subs. Japan is building a larger submarine fleet but it is still only about a third the size of China's. AdvertisementJapan has so far launched four Taigei-class submarines since 2018; JS Taigei, JS Hakugei, JS Jingei, and JS Raigei.
Persons: , JS, Japan’s, , Li Organizations: Service, Kawasaki Heavy Industries, JS Raigei, Jingei, Self, Defense Force, AIP, JS Ōryū, JS Tōryū, JS Taigei, US Navy, Center for Strategic, International Studies, JS Hakugei, JS Jingei Locations: Japan, Kobe, Soviet Union, Russia, China, Beijing, Taiwan, East, South China, Miyako Strait, Philippines, Australia, South
CNN —Satellite images show Venezuela has bolstered its military presence near the border with Guyana, despite Caracas saying it would pursue a diplomatic avenue to try and resolve the long-standing territorial dispute over an oil-rich piece of Guyanese land. Anacoco Island military base on July 28, 2021. Satellite image ©2024 Maxar Technologies Anacoco Island military base on January 13, 2024. Satellite image ©2024 Maxar Technologies Aerial views of Anacoco Island military base on July 28, 2021 and January 13, 2024. Venezuela later reached an agreement with Guyana on December 15 to avoid escalation and try to settle the dispute between the two countries without force.
Persons: , Organizations: CNN, 11th Armoured Brigade, 6th Venezuelan Army Corps Engineers, Venezuelan Army, Center for Strategic, International Studies Locations: Venezuela, Guyana, Caracas, Guayana, Republic, Washington, Venezuelan
Read previewTaiwan's new long-range cruise missiles are slow and easy to shoot down, Chinese media reports — claims whose truth depends on many unknowns. In the game, Taiwan used its missiles against the Chinese invasion fleet in the Straits of Taiwan, rather than striking ports. Could Taiwan's long-range cruise missiles penetrate Chinese defenses? As the Ukraine war has shown, subsonic cruise missiles can be intercepted by anti-aircraft missiles such as the U.S. Patriot and Russia's S-300. AdvertisementEither way, the technical capabilities of Taiwan's cruise missiles may not be the biggest issue.
Persons: , Feng, Tien, Yun Feng, Mark Cancian, Cancian, Russia's, Masao Dahlgren, Dahlgren Organizations: Service, Business, Ordnance Industry Science Technology, China Morning, Missile, Center for Strategic, International Studies, Abrams, Missiles, US, CSIS, U.S . Patriot Locations: Beijing, U.S, China, Taiwan, Washington ,, Straits, Ukraine
The Kremlin has plans to hike Russia's spending by 26% in 2024, per the UK's Ministry of Defence. Russia's National Wealth Fund is "increasingly being used to fund its invasion of Ukraine," it said. AdvertisementThe Kremlin will likely need to impose austerity measures to resolve Russia's budget deficit amid the growing cost of its invasion of Ukraine, according to UK intelligence. Advertisement"It is likely that the government will need to reduce its contributions to the National Wealth Fund and increase domestic taxes and debt to fund its planned expenditure," the UK MOD said. Such policies will have negative medium-to-long-term impacts, the UK MOD said on Monday.
Persons: , Alexandra Prokopenko, who's Organizations: Ministry of Defence, MOD, Wealth, Service, UK Ministry of Defence, National Wealth Fund, Carnegie Russia Eurasia Center, Center of Eastern European, International Studies, Foreign, Reuters, Bloomberg, International Monetary Fund, IMF Locations: Ukraine, Russia, Soviet Union, Russian
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndonesia's elections may go to a second round of voting in June, analyst saysRichard Borsuk, adjunct senior fellow at Nanyang Technological University's Rajaratnam School of International Studies in Singapore, says it's Prabowo Subianto's "election to lose, but that doesn't mean he's going to win this fast. It may not be won and done like his camp would naturally like."
Persons: Richard Borsuk, it's Organizations: Nanyang Technological, Rajaratnam, of International Studies Locations: Singapore
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUkraine's increasing ammunition struggles have hamstrung its war effort, forcing the country to sacrifice long-term strategy for short-term certainty. Russia has maintained an advantage in artillery ammunition since the war began nearly two years ago. That advantage has only increased in recent months as Ukraine struggles to gain an edge against Russia's growing momentum. Much of the focus on ammunition for both Russia and Ukraine comes from old Soviet war doctrine, which is artillery-centric, Miles said.
Persons: , Mark Cancian, Cancian, Simon Miles, they're, Miles Organizations: Service, for Strategic, International, Business, Duke University's Sanford School of Public, Soviet Union Locations: Russia, Ukraine, North, Washington, DC, Soviet
The US Navy in recent weeks has been shooting down Houthi anti-ship ballistic missiles. Washington has also conducted preemptive strikes in Yemen, destroying anti-ship ballistic missiles before the rebels are able to launch them. CENTCOM has not specified which anti-ship ballistic missiles have been used in the attacks on international shipping lanes. AdvertisementChina has a formidable arsenal of anti-ship ballistic missiles, like the DF-21D and DF-26, and is increasingly expanding it. Advertisement"It doesn't matter what's coming at them, really," said Macy, the retired admiral who served aboard multiple US Navy warships.
Persons: , Archer Macy, it's, Joe Biden, Jonathan, Bryan Clark, Mohammed Hamoud, Andy Wong, Clark, Shaan Shaikh, Shaikh, Carney, MCS2 Aaron Lau, Macy Organizations: US Navy, Pacific . Experts, Service, Pentagon, International Institute for Strategic Studies, Hudson Institute, People's Liberation Army Rocket Force, Military, Missile Defense, Center for Strategic, International Studies, Navy, Combat System Locations: China, Pacific, Iran, Yemen, Gulf of Aden, Washington, Tehran, CENTCOM, Gaza, Jan, Sana'a, Western, Beijing, Tiananmen, Red
Became the World’s Biggest Gas SupplierTop exporters of liquefied natural gas 12 billion cubic feet per day U.S. Qatar 10 Australia 8 6 Russia 4 Malaysia 2 2014 2023 12 billion cubic feet per day United States Qatar Australia 10 8 6 Russia 4 Malaysia 2 2014 2023 Source: S&P Global Note: Data reflects annual average liquefied natural gas exports by country. But climate activists worry that soaring exports of liquefied natural gas could make global warming worse. In the early 2000s, natural gas was relatively scarce at home, and companies were spending billions of dollars to build terminals to import gas from places like Qatar and Australia. In the mid-2000s, U.S. drillers perfected methods to unlock vast reserves of cheap natural gas from shale rock. The process of making and shipping liquefied natural gas adds complexity and cost, but if the difference between U.S. natural gas prices and overseas prices is big enough, it is profitable.
Persons: Biden, Fracking, , Kenneth Medlock, , Ben Cahill Organizations: U.S, drillers, Cheniere Energy, Center for Energy Studies, Rice University, , Asia, Department of Energy, Energy Department, . Energy, Energy Information Administration, Clearview Energy Partners, Center for Strategic, International Studies Locations: U.S, Qatar, Australia, Russia, Malaysia, United States Qatar Australia, United States, Japan, Europe, Asia, Ukraine, China, India, Pakistan, Bangladesh, Vietnam, Texas , Louisiana, Maryland, Georgia, Mexico
The automated Phalanx system features Gatling guns that can fire up to 4,500 20-millimeter rounds a minute, engaging projectiles or other targets at extremely close range. Tom Karako, director of the Missile Defense Project at the Center for Strategic and International Studies, said it was “concerning” that the Houthi missile got so close to a US warship. Whether it comes into further use in the current hostilities in the Red Sea remains to be seen. And on Thursday, US forces shot down a Houthi drone over the Gulf of Aden and destroyed a surface drone in the Red Sea, it said. Meanwhile, two ballistic missiles launched from Houthi-controlled areas of Yemen missed targets in the Red Sea, Central Command said.
Persons: Boxer, Jesse Monford “, Tom Karako, ” Karako, Carl Schuster, ” Schuster, Schuster, , Carney Organizations: CNN, Navy, U.S . Navy, Mass, Raytheon, Missile Defense, Center for Strategic, International Studies, US Navy, US Central Command, Command Locations: , Iran, Yemen, Israel, Gaza, Aden, Red, Red Sea
The US making experimental weapons reveals its lack of ground-based defenses, an expert told BI. AdvertisementUkraine's use of experimental "FrankenSAM" defense systems has highlighted gaps in NATO's own arsenals, according to a military expert. "The FrankenSAMs fill a critical gap" for Ukraine as its allies don't have enough ground-based air defenses to give it, Cancian told Business Insider. He said Ukraine desperately needs ground-based air defenses, with Russia launching major drone and missile strikes on cities and towns across the country. The Pentagon changed its strategy and embraced ground-based defenses again, Cancian said, but he described that realization as taking place "probably belatedly."
Persons: , cobbling, Mark Cancian, Cancian, NASAMS, it's Organizations: US, Service, NATO, US Marine Corps, Center for Strategic, International Studies, Business, Russia, AP, Pentagon, US Navy, AIM, Getty Locations: Ukraine, Russian, Kyiv, Russia, North Korea, Iraq, Ukrainian, Crimea, China
Seoul, South Korea CNN —A dozen United States and Japanese warships, including two US aircraft carriers, have been putting on a show of military might this week in the Philippine Sea east of Taiwan. The US Navy aircraft carriers USS Carl Vinson and USS Theodore Roosevelt were joined by the Japan Maritime Self-Defense Force helicopter destroyer JS Ise, seven US guided-missile destroyers and two US cruisers for what the Navy calls a Multi-Large Deck Event (MLDE). An F/A-18E Super Hornet takes off from the aircraft carrier USS Carl Vinson during exercises in the Philippine Sea on Jan. 31. Potential maritime flashpointsThat broad area reaches as far south as islands and reefs in the South China Sea, where Chinese and Philippine vessels have been in recent confrontations. “The coercive pressure campaign against Taiwan continues, and we’re watching it in the wake of the elections,” Aquilino told the Pacific Forum.
Persons: Carl Vinson, Theodore Roosevelt, , Carlos Sardiello, Vinson, Collin Koh, ” Koh, Ronald Reagan, Dwight D Eisenhower –, Carl Schuster, ” Schuster, Xi Jinping, John Aquilino, ” Aquilino, “ I’m Organizations: South Korea CNN, United, Analysts, US, US Navy, Japan, Self, Defense Force, Ise, Carrier Strike, Navy, Rajaratnam, of International Studies, CNN, USNI, Pacific Command’s Joint Intelligence Center, East China, Democratic Progressive Party, Communist Party, Clinton, Party, Taiwan, Pacific Command, Pacific Locations: Seoul, South Korea, United States, Philippine, Taiwan, China, U.S, Japan, Pacific, Singapore, Asia, Red, Yemen, Hawaii, South China, East, Senkaku, Beijing, fmr
Read previewJoe Biden appears to have found a way around the Republican Party's blockade of Ukraine aid using a little-known presidential power. AdvertisementAccording to the report, Greece has weapons such as the S-300 missile-defense systems and Hawk surface-to-air missiles that would prove valuable to Ukraine in its war against Russia. Kurt Volker, a former US Special Representative for Ukraine Negotiations, wrote for the European Center for Policy Analysis recently that the Excess Defense Articles law was one of a number of tools available to Biden to keep weapons to Ukraine flowing. The value of weapons that can be transferred under the Excess Defense Articles law is capped at $500 million. According to reports, Ukraine is running low on vital supplies of ammunition and equipment as it battles a Russian offensive.
Persons: , Joe Biden, Kyriakos Mitsotakis, Antony Blinken, Bradley, Forbes, Blinken, Kurt Volker, Biden, Volker, Mark Cancian Organizations: Service, Republican, Excess, Business, Foreign Armed Forces Financing, Russia, European Center for, Center for Strategic, International Studies Locations: Ukraine, Greece, Athens
The US increased its arms exports by more than 50% in 2023, compared to 2022, while also damaging Russia's own defense trade, Politico reported . In a fact sheet citing the numbers, the Department of State specified that arms exports rose to $80.9 billion in 2023, a 55.9% increase from $51.9 billion in 2022. "We see that because Russia's defense industry is denied the resources that come from exports, that helps to contribute to Russian strategic failure on the battlefield," she said. Resnick cited a $1.8 billion arms deal that the US struck with India last year, and "real tough decisions" in Global South countries about abandoning Russian equipment. Since the early 2010s, Russian arms exports have declined in part due to China and India's efforts to ramp up their own domestic arms production, along with earlier Western sanctions packages meant to dissuade third countries from buying Russian weapons.
Persons: Mira Resnick, Resnick Organizations: Politico, NATO, Department of State, Reuters, State Department, Department's Office, Regional Security, Stockholm International Peace Research Institute, Center for Strategic, International Studies Locations: Ukraine, Germany, Poland, Moscow, India, Global South, Stockholm, China, Russia
The US has in recent months carried out several strikes targeting Iranian proxies’ weapons depots in Iraq and Syria. To date, none of those strikes have deterred the militants, whose 165 attacks have injured over 120 US service members across the region since October. ‘We don’t seek a war with Iran’Still, striking Iran is one of the least likely options at this point, officials said. We’re not looking for a wider conflict in the Middle East,” John Kirby, the strategic communications coordinator for the National Security Council, told CNN on Monday. Tehran has watched as anti-US and anti-Israel protests swept across the Middle East after the Israel-Hamas war started.
Persons: Joe Biden, Biden, Mark Hertling, , Antony Blinken, Blinken, , Harakat, “ We’re, We’re, ” John Kirby, they’ve, ” Sabrina Singh, Jon Alterman, ” Alterman Organizations: CNN, Pentagon, National Security Council, Middle East, Center for Strategic, International Studies Locations: Jordan, Iraq, Syria, Iran, Afghanistan, Iran’s, American, Lebanon, Yemen, Tehran, United States, , Israel, Russia, China
The US military is likely to intervene if China enacts a quarantine or blockade in China, experts say. Almost all of the surveyed experts — 96% — said the US would join the fight if China were to fully invade Taiwan. Experts aren't confident that US allies will get involvedHowever, the experts weren't as confident that US allies would jump into the conflict. Meanwhile, 60% of the experts were confident that US allies would assist militarily if China were to invade the island. CSIS also surveyed 35 experts and scholars from Taiwan, who were less optimistic about US intervention.
Persons: , Joe Biden, Xi Jinping, William Lai Ching, Tsai Ing, Beijing's, Xi Organizations: CSIS, Pentagon, Service, Center, Strategic & International Studies, People's Liberation Army, APEC, Democratic Progressive Locations: China, Taiwan, Beijing, Washington, Taipei, San Francisco
The US Navy needs more ships to match up to China, says retired US Navy Adm. James Stavridis. China has the world's largest navy, with over 355 vessels in its fleet. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe US is going to have to expand its Navy and get more boats if it wants to keep pace with China's forces, says retired US Navy Adm. James Stavridis. China has the world's largest navy, with over 355 vessels in its fleet, per a 2021 US Navy Institute report.
Persons: James Stavridis, Stavridis, , John Catsimatidis, Michael Medved, they're Organizations: US Navy, US, Service, Navy, US Navy Institute, Center for Strategic, International, US Pacific Fleet, NATO, Business Insider Locations: China, NATO, Japan, South Korea, Philippines, Australia, New Zealand
North Korean missiles won't defeat Ukraine
  + stars: | 2024-01-29 | by ( Michael Peck | ) www.businessinsider.com   time to read: +6 min
An expert believes that North Korean short-range ballistic missiles could hit pinpoint targets. North Korean arms are known for being cheap rather than good, as Moscow discovered when it recently began importing shoddy North Korean ammunition . But these North Korean ballistic missiles are not some knockoff of the notorious 1950s Soviet Scud, a liquid-fueled rocket that takes more than an hour to launch. "They may have some design heritage with Russian systems, but they borrow heavily from North Korean expertise." This suggests that Russia will need a lot of North Korean missiles, which in turn raises the question of North Korea's rocket manufacturing capacity.
Persons: , Russia's, Masao Dahlgren, Dahlgren, Ukraine –, Kim Jong Organizations: Service, White House, Center for Strategic, International Studies, Korean, International Institute for Strategic Studies Locations: Russia, Korean, Ukraine, Korea, Moscow, Zaporizhia, Washington ,, United States, Iran, Nazi, Iranian, Iraq, Pakistan, Syria, Japan, South Korea, Pyongyang, Russian, Korea's
A war game stimulated a conflict between Taiwan and China if Donald Trump became president in 2025. AdvertisementWhat would happen if tensions escalated between Taiwan and China in 2025 during a potential second Trump administration? One war game simulation suggested the conflict would be swift — and ended with a troubling omen for Taiwan. "Taiwan was toast," Alexander C. Huang, an international relations director for Taiwan's KMT political party, told The New York Times' Nicholas Kristof. In interviews, Trump has repeatedly refused to explicitly say if he would come to Taiwan's defense if China invaded.
Persons: Donald Trump, Taiwan couldn't, , Trump, Alexander C, Huang, Nicholas Kristof, Kristof, Donald Trump's, Stanley Rosen, Rosen Organizations: Taiwan, Service, KMT, New York Times, The, Strategic, International Studies, Trump, University of Southern, China Institute Locations: Taiwan, China, America, Washington, DC, Japan, University of Southern California's US, Hong Kong
Russia is trying to cut off Ukraine's access to Elon Musk's Starlink satellites, analysts said. AdvertisementRussia is trying to cut off Ukraine's access to Elon Musk's Starlink satellites, according to space warfare analysts. Since the start of the war, Russia has been using jamming systems to try and deny Ukrainian forces access to commercial satellites. Because Starlink satellites are closer to Earth, latency — the delay between a user's action and a response on the network — is shorter. She said Starlink satellites are both "resilient" and "agile," with Starlink operators constantly updating their software to overcome Russian attacks.
Persons: Elon Musk's, It's, , Brian Weeden, Weeden, MADS CLAUS RASMUSSEN, Kari Bingen, Bingen, Sauli Niinisto, Joe Biden, Elon Musk, Starlink, ї Bingen, Сили Спецальних Операцй ЗС Украни Organizations: Elon, Service, Russia, Business, SpaceX, Aerospace Security, International Security, Center for Strategic, International Studies, CSIS's Aerospace Security, Viasat, Reuters, Pentagon, Space Watch, The Washington Post, KU, Ukraine's Special Forces, Telegram Locations: Russia, South Funen, Denmark, Ukraine, American, Europe, Finland's, Kaliningrad, Finland, NATO, Russian, Leer, Ukrainian, Ukraine's Donetsk
The Biden administration’s decision to delay approval of new liquefied natural gas terminals in the United States has been hailed as a major victory for environmental advocacy groups, but it is creating unease outside the United States about future energy supplies. exports have been a real boon to global energy security,” said Ben Cahill, a senior fellow in the energy security and climate change program at the Center for Strategic and International Studies, a research institution in Washington. The Biden administration’s move on Friday to pause the permitting process for new liquefied natural gas export facilities is not expected to have an impact on global gas supplies soon. But it could create uncertainty, especially in Europe, which has only recently weathered a major energy shock after Russia’s invasion of Ukraine almost two years ago. Tankers full of liquefied gas from the United States helped mitigate what could have been a dire situation.
Persons: , Ben Cahill, Biden Organizations: Biden, Center for Strategic, International Studies Locations: United States, Washington, Europe, Ukraine, Russia
Seoul, South Korea CNN —China accused the United States military of “abusing international law” and continuing a pattern of “dangerous provocations” in East Asia Thursday, after a US Navy destroyer made the service’s first transit of the Taiwan Strait of 2024. The USS John Finn (DDG 113) conducts routine operations in the East China Sea, on January 24, 2024. John Finn’s transit through the Taiwan Strait demonstrates the United States’ commitment to upholding freedom of navigation for all nations as a principle,” Greene said. While the John Finn’s transit of the Taiwan Strait was the first of 2024, US warships and warplanes regularly travel through and over the waterway. Aquilino told a defense forum in Hawaii that he expected a show of force from China against Taiwan in the wake of the election result.
Persons: , John Finn, Xi Jinping, reunify, Justin Stack, Cmdr, Meagan Greene, John Finn’s, ” Greene, John, Collin Koh, Washington, Wu Qian, , John Aquilino, Aquilino, ” Aquilino, ” Koh Organizations: South Korea CNN, United, US Navy, Democratic Progressive Party, Party, Taiwan, Taiwan Relations, U.S . Navy US Navy 7th Fleet, Coast Guard, Rajaratnam, of International Studies, China’s Defense Ministry, Xinhua, China -, Defense, Pacific Command, Communist Party, Clinton, CNN, Pacific Locations: Seoul, South Korea, China, United States, East Asia, Taiwan Strait, Taiwan, Beijing, East China, State, States, Singapore, China - U.S, U.S, Hawaii, Honolulu ., Washington
CNN —The US and Iraq are expected to soon begin talks on the future of the US military presence in the country, according to sources familiar with the matter, amid public calls from the Iraqi government for the US to withdraw its troops. US military officials and diplomats will be involved in the discussions, officials said. The talks about the future of the US’ military presence have now taken on a greater urgency amid the wider regional instability, and amid growing public calls by the Iraqi government for the US to withdraw its troops from the country. Part of the discussions will focus on whether and when it will be feasible to end the US military presence in Iraq. “The Biden administration is not considering a withdrawal of forces from Syria,” a senior US official told CNN.
Persons: Defense Lloyd Austin, ” Austin, , They’re, Mohammed Shia, Sudani, ” “, , ” Jonathan Lord, Jon Alterman, it’s, Alterman, Elena Romanowski, Biden, CNN’s Haley Britzky Organizations: CNN, Pentagon, ISIS, Defense, , ISIS Coalition, Higher, Commission, Center for New American Security, Iraqi Security Forces, Middle, Center for Strategic, International Studies, Locations: Iraq, Iraqi, Iran, Syria, , Iranian, Baghdad, Israel
The CSIS surveyed 52 US experts on whether they think China can successfully invade Taiwan. AdvertisementA new survey of leading experts from the US and Taiwan casts doubt on China's ability to invade Taiwan with its current military strength. CSIS also surveyed 35 experts from Taiwan, of whom only 17% said they felt China had the power to successfully execute an invasion. China could also impose a military blockade on Taiwan, which 81% of US experts believe Beijing could do, while 60% of the experts from Taiwan concurred. Around 68% of American experts think such a crisis is likely to occur.
Persons: , China —, William Lai Ching, Tsai Ing, Xi Jinping, Ma Ying, ROSLAN RAHMAN, Lai Organizations: CSIS, Service, Center for Strategic, International Studies, Liberation Army, Democratic Progressive Party, Kuomintang, Getty Locations: China, Taiwan, Beijing, Congress, Washington, Taipei . Lai
But geopolitical tensions are growing and Wall Street appears to be underestimating their potential impact on the global economy and markets. The United States and China are squabbling about trade, particularly high-powered AI chips that both believe carry consequences for national security. Less trade could mean lower supplies to meet demand — and that could be bad news for inflation around the world. Bank of America also gave geopolitical risk a top spot on its list of surprises that could affect markets in 2024. It’s the worst start to a year for Chinese stocks since 2016, when investors were ditching their holdings following a market crash in 2015.
Persons: , , Jamie Dimon, dory, he’s, Anna Cooban, Laura He, Hong, Premier Li Qiang, Ken Cheung, Catherine Thorbecke Organizations: New, New York CNN, Dow Jones, Federal Reserve, BlackRock, Shipping, CNBC, Economic, Bank of America, Center for Strategic, International Studies, Apple, Google, Microsoft, Meta, Nvidia, , Shenzhen Component, Premier, Mizuho Bank, MIT’s Computer, Artificial Intelligence Locations: New York, Russia, Ukraine, United States, China, Taiwan, Suez, Iranian, Pakistan, Iran, Europe, Asia, Drewry, Yemen, Davos, Switzerland, Wall, Shanghai, Shenzhen
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