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☆ Some of Trump's key cabinet picks provide clues to how his administration will approach the business world
▼ + stars: | 2024-11-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPresident-elect Donald Trump is quickly fleshing out his cabinet, giving a sense of what his second administration will look like. Now he's Trump's nominee for defense secretary. AdvertisementTreasury secretary — TBD: Trump's pick for his top economic advisor is being closely watched considering the key role the economy played in the election.

Persons: —, Donald Trump, Trump, JD Vance, Let's, — Matt Gaetz, Kevin McCarthy, Gaetz, he's, he'd, Mike Johnson, He's, State — Marco Rubio, Rubio, Pete Hegseth, Slaven Vlasic, Hegseth, Hegseth's, Scott Bessent, Howard Lutnick, Cantor Fitzgerald, Bessent, Lutnick, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Trump, Republicans, Senate, Department, Justice, State, Fox News, Getty, Defense, Army Locations: Florida, Silicon, China, Taiwan, Ukraine, Russia, Poland, Israel, New York, Chicago, London

☆ Russia's new Iranian missiles could make the front lines in Ukraine far more dangerous
▼ + stars: | 2024-11-14 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +5 min

With Iranian ballistic missiles, Russia has a flexibility that could be a big problem for Ukraine. AdvertisementThe delivery of cheaper Iranian missiles creates new options. New missilesTwo European defense officials told Reuters in August that they expected Iran to deliver hundreds of Fath-360 short-range ballistic missiles to Russia, as well as some Ababil close-range ballistic missiles. He said that "while these Iranian missiles may not introduce a new capability to Russia's war effort, they will offer increased flexibility and, most importantly, additional quantity." Hinz also wrote in his analysis that Russia's missile purchase highlights its "continued inability to produce adequate quantities of comparable domestic systems."

Persons: Timothy Wright, Fath, Pat Ryder, Wright, Fabian Hofffman, Ryder, Hoffman, Fabian Hinz, Hinz, Vladimir Putin, Kim Jong Un, VLADIMIR SMIRNOV, Iran's, Donald Trump Organizations: Iranian, International Institute for Strategic Studies, Reuters, Pentagon, Pentagon Press, Air Force, Oslo Nuclear, North, Getty, Trump Locations: Iran, Russia, Ukraine, Fath, Oslo, Iranian, Russian, North Korea, Iran's Fath

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

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

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

☆ Skepticism, a ticking clock: What Trump's picks mean for Ukraine
▼ + stars: | 2024-11-14 | by ( Thibault Spirlet | Hannah Abraham | ) www.businessinsider.com time to read: +5 min

AdvertisementDonald Trump's cabinet choices suggest a skeptical direction of travel on Ukraine policy. Advertisement'Losing your allowance'The comments suggest that Trump would find little opposition if he moved to cut US aid to Ukraine. Ukraine's president, Volodymyr Zelenskyy, has said that US aid being cut would lead to Ukraine losing the war. Trump's son, Don Jr. — an influential figure albeit with no official role — seemed to relish the idea of Ukraine losing its funding. Trump's callIt remains to be seen how influential any of Trump's picks would be in shaping policy.

Persons: Donald Trump's, Trump, Donald Trump, hasn't, Ukraine —, Marco Rubio, Joe Biden's, Trump's, Vladimir Putin, Pete Hegseth, Shawn Ryan, Putin, Alfons Cabrera, Mike Waltz, Biden, Tulsi Gabbard, Volodymyr Zelenskyy, Don Jr, —, Alexander Libman, Mark Cancian, Mylovanov Organizations: Ukraine, State, Defense, NBC News, Pentagon, Fox News, Getty, National Intelligence, Free University of Berlin, Marine Corps, Kyiv School of Economics, Economist Locations: Ukraine, Kyiv, America, Russia, Florida, Afghanistan, Iraq, Polish, Ukrainian, Russian, Kramatorsk, Donetsk Region, Europe

☆ Here's what the U.S.' enemies — and allies — might see from Marco Rubio as secretary of State
▼ + stars: | 2024-11-14 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +9 min

Republican presidential nominee and former U.S. President Donald Trump and Senator Marco Rubio (R-FL) react during a campaign event at Dorton Arena, in Raleigh, North Carolina, U.S. November 4, 2024. Jonathan Drake | ReutersPresident-elect Donald Trump's choice of Sen. Marco Rubio as his secretary of State, arguably the world's most important diplomat, could change the dial when it comes to the U.S.' relationship with both its enemies and its allies. You know, adversaries are uniting — in North Korea, Iran, China, Russia — [and] increasingly coordinating," Rubio said. US Senator Marco Rubio speaks during a campaign rally for former US President and Republican presidential candidate Donald Trump in Doral, Florida, on July 9, 2024. And I think that's what [former President] Donald Trump is trying to say," Rubio said.

Persons: Donald Trump, Marco Rubio, Jonathan Drake, Donald Trump's, Sen, Rubio, Trump, " Rubio, Marco, Trump's, Giorgio Viera, China Rubio, Wei Dongsheng, State Rubio, Mark Wilson, Masoud Pezeshkian, Hassan Nasrallah, Nasrallah, Angela Weiss, Donald Trump —, Ukraine It's, It's, Mike Segar Organizations: Dorton, Reuters, State, Senate Intelligence, Foreign Relations, Trump, White, Allies, CNN, Republican, AFP, Getty, U.S ., Science & Technology, Visual China, Rubio, China, Politico, White House, U.S, NBC, PPL Center, Afp, Russia, NBC News, Republican National Convention Locations: Raleigh , North Carolina, U.S, China, Iran, Ukraine, Russia, North Korea, Doral , Florida, Beijing, Communist China, JIUJIANG, CHINA, Jiujiang, Jiangxi Province, Washington, Israel, New York, Washington , DC, Gaza, Lebanon, Florida, Allentown , Pennsylvania, Tehran, Milwaukee , Wisconsin

WASHINGTON — Over the last two years, a narrow Republican House majority has fought bitterly over everything from electing a speaker, keeping the government functioning and even passing symbolic messaging bills. Now, Republicans have clinched at least 218 seats to win a House majority, NBC News projects, but it’ll be another small one. “The House has always been a chaotic place, will always be a chaotic place. And here in the Senate, obviously, we continue to have a number of tools to exercise.”There is precedent for a narrow House majority delivering major legislation. ‘Trump is so volatile’Rep. Steny Hoyer, D-Md., a former House majority leader, told NBC News that nobody knows what to expect from the new GOP trifecta.

Persons: it’ll, Donald Trump, Will, it’s, Tony Gonzales, Mitch McConnell, John Thune, Rob Bresnahan, ” Democratic Sen, Chris Van Hollen, Joe Biden’s, “, ”, Dusty Johnson, Robert Garcia, ” Garcia, Rosa DeLauro, “ We’ll, midsession, Biden, Mike Johnson, Richard Hudson, ” Hudson, we’ve, Ken Calvert, ‘ Trump, Steny Hoyer, Trump, ” Hoyer, Mark Pocan, Michael Waltz, Elise Stefanik, they’re, they’ve, ” Pocan Organizations: WASHINGTON, Republican, Republicans, NBC News, ”, Democratic, GOP, Trump, White House, ” Democratic, Senate, 119th Locations: Washington, Texas, Ky, Pennsylvania, Maryland, Connecticut, Ukraine, Russia, North Carolina, R, Los Angeles

☆ COP29 host Azerbaijan hits out at West in defense of oil and gas
▼ + stars: | 2024-11-13 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +5 min

The president of Azerbaijan, host of this year’s U.N. climate summit, lashed out at Western critics of his country’s oil and gas industry on Tuesday. Azerbaijan’s finance ministry said the share of oil and gas as a contribution to the economy was declining as the country diversifies. The people need them.”He singled out the United States, the world’s largest historic carbon emitter, and the European Union for particular criticism, accusing them of double standards. The United States is the world’s largest oil and gas producer. Aiming to cut methane emissions from the United States, President Joe Biden’s administration on Tuesday finalized a methane fee for big oil and gas producers.

Persons: Ilham Aliyev, General Antonio Guterres, ”, Aliyev, bode, Romain Ioualalen, Harjeet Singh, Ali Zaidi, Joe Biden’s, Donald Trump, ” Guterres, Mia Mottley Organizations: European Union, Observers, Shell, World Bank Locations: Azerbaijan, United States, Ukraine, California, New York, Spain, Barbados

☆ APEC/G20: World leaders heading to major summits are wary of Trump. China’s Xi sees an opportunity
▼ + stars: | 2024-11-13 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

China, perhaps more than most countries, will be bracing for fractious relations ahead with the United States. “It makes sense for Chinese officials to use these big events to try and shape some of the international narratives right now,” said Li Mingjiang, an associate professor of international relations at Singapore’s Nanyang Technological University. “Since there’s not much time before January 2025.”Cargo containers and cranes at Yantian port in southern China's Shenzhen earlier this year. The Chinese leader warned that the two countries “will both benefit from cooperation and lose from confrontation,” according to China’s Foreign Ministry. “Beijing does worry about Trump’s wrath and what he could do to damage China’s interest on a bilateral level,” she said.

Persons: Donald Trump’s, Xi Jinping, Trump, Joe Biden, Xi, Biden, Shigeru Ishiba, Anthony Albanese, Narendra Modi, ”, Li Mingjiang, there’s, Jade Gao, Mike Waltz, Marco Rubio, He’s, –, Liu Dongshu, Modi, Li Qiang, Leon Neal, ’ ”, Yun Sun, Vladimir Putin, Liu Organizations: Hong Kong CNN, APEC, Japanese, Australian, Indian, Singapore’s Nanyang Technological University, “, ”, Getty, Trump, CNN, Foreign Ministry, NATO, US, City University of Hong, Stimson, World Health Organization, Initiative Locations: China, Hong Kong, South America, Europe, East, United States, Beijing, Asia, Pacific, Peru, Brazil, American, China's Shenzhen, AFP, Lima . Beijing, Russia, City University of Hong Kong, Japan, South Korea, Indonesia, Lima, Rio de Janeiro, Washington, South, Taiwan, Ukraine, Paris, America, –, Sun, “ Beijing

☆ The Trump inflation shock could be worse than the last inflation crisis, Larry Summers warns
▼ + stars: | 2024-11-13 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —Larry Summers has some unsolicited advice for President-elect Donald Trump: Don’t keep your campaign promises — unless you want to send prices skyrocketing once again. “If he carries through on what he said during his campaign, there will be an inflation shock significantly greater than the one the country suffered in 2021,” Summers told Kate Bolduan on CNN News Central on Wednesday. “I hope that he will get the message from this election and adjust his programs so that it’s not inflationary,” Summers told CNN. “In his first term, President Trump instituted tariffs against China that created jobs, spurred investment, and resulted in no inflation,” Karoline Leavitt, a Trump transition spokesperson, said in a statement. They just didn’t want the consequences that came with it in terms of increased inflation,” Summers said.

Persons: Larry Summers, Donald Trump, Summers, Clinton, ” Summers, Kate Bolduan, That’s, Trump, Obama, “, ” Karoline Leavitt, ” Scott Bessent, ” Bessent, Axios, Trump “, Kamala Harris, Biden, I’ve, ” Organizations: New, New York CNN, Treasury, Federal Reserve, CNN News Central, CNN, Trump, Wall Street Journal Locations: New York, China, Ukraine

☆ Did you need another reminder that Donald Trump watches TV? Here you go
▼ + stars: | 2024-11-13 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

But some people still seem surprised to see Trump nominate Pete Hegseth for defense secretary. It's a reminder that while Twitter — and Elon Musk — is influencing Trump, he's also a very, very big TV guy. Here's one clue: Trump has just nominated a Fox News host, Pete Hegseth, to be his secretary of defense. Mr. Musk has also attended at least one national security meeting with Mr. Trump alongside the likes of Stephen Miller, a top aide, and Donald Trump Jr., according to a person briefed on the meeting. But for now, both things can be true: Donald Trump has both Twitter and TV on his mind — even if he's actually watching only one of them.

Persons: Donald Trump, Pete Hegseth, It's, Elon Musk, Trump, he's, Ron DeSantis, Pete, CNN's Brian Stelter, YouTuber Shawn Ryan, Musk, Rick Scott of, Howard Lutnick, Linda E, McMahon, Recep Tayyip Erdogan of, Volodymyr Zelensky, Javier Milei, Milei, Stephen Miller, Donald Trump Jr Organizations: Fox News, Trump, Twitter, Elon, —, Hegseth's Fox News, Florida Gov, Fox, Army National Guard, YouTube, 4chan, New York Times, Department of Education, Mr, Times Locations: Washington, Florida, Rick Scott of Florida, Canada, Recep Tayyip Erdogan of Turkey, Ukraine, Argentina, Mar

☆ Trump's first term avoided a fight in the South China Sea. It's only getting harder.
▼ + stars: | 2024-11-13 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

AdvertisementIn his first term, Donald Trump ramped up military actions to counter China in the South China Sea. South China Sea observers expect continuity with the Biden administration, which tried to ramp up diplomatic efforts and strengthen US alliances and security partnerships. Chinese Coast Guard holding knives and machetes as they approach Philippine troops in the disputed South China Sea on June 17, 2024. AdvertisementThough Trump hasn't outlined a specific South China Sea plan, he could pursue his broader foreign policy mantra of "peace through strength." "Unrestrained US militarization is precisely what drives Beijing's insecurity and will continue to exacerbate tensions in the South China Sea," Marston said.

Persons: Donald Trump ramped, Donald Trump, Trump, Hunter Marston, Trump hasn't, Biden, Gregory Poling, Joe Biden, Marston, Sari Arho Havrén, Chip Somodevilla, Zeno Leoni, Leoni Organizations: Australian National University, China, Southeast Asia, Center for Strategic, International Studies, Trump, Coast Guard, Armed Forces, AP, CBS, Royal United Services, Ukraine, King's College London's Defense Studies Department, Rand Corporation, Biden's National Security Locations: China, South China, Philippines, Asia, Pacific, Philippine, Europe, South Korea, Palm Beach, South, East Asia

☆ Elise Stefanik, Trump’s pick for UN ambassador, declines to stand by previous support for Ukraine joining NATO
▼ + stars: | 2024-11-13 | by ( Andrew Kaczynski | ) edition.cnn.com time to read: +3 min

Her office also declined to say whether she still believes Russia committed genocide in Ukraine, as she said in 2022. At the time, she argued for extensive military aid support, highlighting the Trump administration’s previous providing of Javelin missiles. Now, when asked if she still supports NATO membership for Ukraine, Stefanik’s spokesperson declined to specifically address her current position. She initially championed pro-Ukraine legislation and supported numerous sanctions against Russia along with multiple rounds of military aid for Ukraine. But in April, she voted against a $60 billion Ukraine aid package, citing concerns over the spending and saying it was better to prioritize the crisis at the southern border.

Persons: Elise Stefanik, Donald Trump’s, Stefanik, I’ve, Trump, ”, Trump’s, Ali Black, Vladimir Putin Organizations: CNN, New York, United, NATO, Trump, Javelin, Kyiv, Ukraine, Stefanik’s, Russia Locations: United Nations, Russia, Ukraine

☆ Trump's Pentagon pick criticized US involvement in Ukraine, said Putin probably wouldn't go 'much further' if he wins
▼ + stars: | 2024-11-13 | by ( Thibault Spirlet | Mia Jankowicz | ) www.businessinsider.com time to read: +5 min

AdvertisementDonald Trump has chosen Pete Hegseth as his defense secretary at a key point in the war in Ukraine. The military veteran and Fox News commentator has mostly aligned with Trump on Ukraine. The choice of Hegseth raised questions about the US approach to the war in Ukraine under a second Trump administration. In an episode of the "Shawn Ryan Show" podcast last week, recorded before Trump's announcement, Hegseth contemplated a scenario where Putin wins in Ukraine. Vance has previously criticized US support for Ukraine, and said: "I don't really care what happens to Ukraine one way or another."

Persons: Donald Trump, Pete Hegseth, Trump, Shawn Ryan, Hegseth, Putin, Joe Biden's, Lloyd Austin, Ukraine Hegseth, Jesse Watters, Joe Biden, NATO Hegseth, Michael Waltz, JD Vance, Marco Rubio, Vance, Alexander Libman, Libman, Anton Barbashin Organizations: Fox, Trump, Fox News, Putin, NATO, Kyiv, Reuters, State, Ukraine, Free University of Berlin, Riddle Russia Locations: Ukraine, Europe, Poland, Afghanistan, Iraq, Hegseth, Ukrainian, Donetsk, Luhansk, Soviet Union, Eastern Europe

☆ How Trump's Army veteran pick for Pentagon chief, Fox & Friends' Pete Hegseth, sees the world
▼ + stars: | 2024-11-13 | by ( Chris Panella | ) www.businessinsider.com time to read: +8 min

AdvertisementTrump has tapped Pete Hegseth, an Army veteran and Fox News host, to be secretary of defense. US President-elect Donald Trump has tapped Pete Hegseth, a Fox & Friends host and US Army National Guard veteran, to be secretary of defense. Hegseth was considered for Veterans Affairs secretary during Trump's first term and faced pushback from veterans group leaders. All US military combat roles opened to women in 2015. AdvertisementThroughout the war, Hegseth has shifted stances, calling Putin a "war criminal" and criticizing Biden for not getting Ukraine military aid quickly enough.

Persons: Pete Hegseth, Hegseth, Donald Trump, Joe, Trump, Trump's, Brace, Paul Rieckhoff, Adam Smith, Adam Kinzinger, Joe Biden's, Shawn Ryan, he'll, Abreanna Goodrich, we've, Shawn Ryan Show, Genya SAVILOV, AFP Hegseth, He's, Vladimir Putin's, Putin, Biden, Israel Trump's, Doug Mills, Benjamin Netanyahu, Israel wasn't, he's, Xiang Organizations: Trump, Army, Fox News, Defense Department, NATO, Fox & Friends, US Army National Guard, Israel, Wall Street, Veterans Affairs, SecDef, Independent Veterans of, Fox, Department of Defense, House Armed Services, Air National Guard, Republican, US National Guard, Pentagon, US Army, Spc, AFP, Kyiv, Warriors, Israeli, Getty, US Locations: Ukraine, America, Independent Veterans of America, Iraq, Afghanistan, Jerusalem, Russia, Soviet Union, Israel, Gaza, Iran, Washington, China, Xinhua, Asia, Pacific, Taiwan

☆ Inflation hit a bump in October after slowing for six straight months
▼ + stars: | 2024-11-13 | by ( Alicia Wallace | ) edition.cnn.com time to read: +4 min

Housing-related inflation accounted for half of the monthly rise, and energy prices were flat after dragging down the overall index for four of the past six months. The Consumer Price Index measures price changes across commonly purchased goods and services. Still, October’s increase was to be expected, due to unfavorable comparisons from a year ago and stubborn housing-related inflation. Consensus estimates were for a 0.2% monthly increase and a 2.6% annual increase in the overall CPI, according to FactSet. A potential ‘inflation shock’ in the wingsAlthough the broader US economy survived the sharpest inflation run-up seen in a generation, Americans’ finances — and their sentiment — were far from unscathed.

Persons: “, ” Stephen Juneau, Donald Trump, Larry Summers, Kate Bolduan, Trump’s, Lindsay Rosner, Jerome Powell Organizations: CNN, Bureau of Labor Statistics ., Bank of America, BLS, —, Trump, Biden, CNN News Central, Federal Reserve, Goldman Sachs Asset Management Locations: Ukraine

☆ 5 areas outside the battlegrounds that show how Trump expanded his coalition: From the Politics Desk
▼ + stars: | 2024-11-12 | by ( The Politics Desk | ) www.nbcnews.com time to read: +10 min

In today’s edition, national political correspondent Steve Kornacki breaks down the blue areas across the country where Donald Trump expanded his coalition. These five jurisdictions help tell the story of where and how Trump expanded his coalition the most dramatically. When Trump ran in 2016, he was crushed in Lawrence, an old mill city on the Merrimack River, by 66 points. Trump transition watchPresident-elect Donald Trump is continuing the process of building out his administration, tapping allies for key posts. DeSantis does not have to listen to Trump, after the two men saw their relationship fray amid DeSantis’ national rise and his failed 2024 presidential campaign.

Persons: Steve Kornacki, Donald Trump, Matt Dixon, Trump's, Sen, Marco Rubio, Trump, Steve Kornacki Donald Trump, Biden, Harris, Loudoun, Democrats ’, Kristi Noem, Noem, Rubio, Mike Huckabee, Mike Waltz, Waltz, Christopher Wray, Wray, Kash Patel, Ron DeSantis, Lara, wouldn’t, Lara Trump, Trump’s, James Uthmeier, Commerce Wilbur Ross, Uthmeier, Read Organizations: NBC, White House, Capitol, Trump, Puerto Ricans, Puerto Rico, GOP, Democrats, Democratic, Republican, South Dakota Gov, Department of Homeland Security, Foreign Relations, Intelligence, Arkansas Gov, Russia, CIA, Trump’s Cabinet, Florida Gov, Senate, State Department, Commerce Locations: Florida, Osceola County , Florida, Orlando, Puerto, Trump’s, Trump’s Puerto Rican, Lawrence , Massachusetts, Massachusetts, Lawrence, Merrimack, Loudoun County , Virginia, Rockland County , New York, New York City, Rockland, America, McKinley County , New Mexico, McKinley, New Mexico, Marco Rubio of Florida, U.S, Israel, China, Ukraine, Matt Dixon TALLAHASSEE, Fla

☆ Pentagon leaker Jack Teixeira sentenced to 15 years in prison for sharing military secrets online
▼ + stars: | 2024-11-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Mirna-Alsharif-Byline-Jm.Jpg | Mirna Alsharif | ) www.nbcnews.com time to read: +1 min

Former Massachusetts Air National Guard member Jack Teixeira was sentenced Tuesday to 15 years for stealing classified information from the Pentagon and sharing it online, the U.S. Attorney for Massachusetts announced. According to court documents, Teixeira transcribed classified documents that he then shared on Discord, a social media platform mostly used by online gamers. Teixeira entered the Air National Guard in 2019 and held the rank of airman first class. He was based at Otis Air National Guard Base on Cape Cod, where he was assigned as a cyber transport systems journeyman. While the documents were discovered online in March 2023, Teixeira had been sharing them online since January of that year, according to prosecutors.

Persons: Jack Teixeira, Teixeira, Indira Talwani Organizations: Massachusetts Air National Guard, Pentagon, U.S, Attorney, Massachusetts, District of Massachusetts, Facebook, FBI, Air National Guard, Otis Air National Guard Base Locations: U.S, North Dighton , Massachusetts, Ukraine, Cape Cod

☆ U.S. climate envoy says work will continue despite Trump’s return
▼ + stars: | 2024-11-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

The annual U.N. climate summit began on Monday in Baku, Azerbaijan, with many country delegations concerned that Trump’s victory in the U.S. presidential election on Nov. 5 will hinder progress to limit planetary warming. Trump has promised to again remove the United States, the world’s most significant historic greenhouse gas emitter, from international climate cooperation and maximize the country’s already record-high fossil fuel production. “For those of us dedicated to climate action, last week’s outcome in the United States is obviously bitterly disappointing,” Podesta said at the summit. “Let’s dispense with the idea that climate finance is charity,” he said at the Baku stadium. “An ambitious new climate finance goal is entirely in the self-interest of every nation, including the largest and wealthiest.”This year is on track to be the hottest on record.

Persons: John Podesta, Donald Trump, Trump, ” Podesta, ”, Joe Biden’s, Simon Stiell, Rich, “, Marc Vanheukelen, Ilham Aliyev Organizations: Azerbaijan —, U.S, United, Trade, Reuters, Finance, Fund Locations: BAKU, Azerbaijan, Azerbaijan — U.S, Baku, United States, Ukraine, Gaza, ”, Africa, Spain, U.S ., North Carolina, America, Mexico, China, U.S

President-elect Donald Trump is expected to nominate Sen. Marco Rubio of Florida for secretary of state in his administration in the coming days, according to three sources familiar with the selection process. Foreign policy is one of the few areas in which there is a deep philosophical disagreement among Trump's base. But there remains a different strain of foreign policy thinking among even prominent Trump supporters. Even though Rubio is an avowed Trump supporter, the perception is that he was one of the "less MAGA" options, a Trump ally told NBC News. Trump had considered Rubio as a running mate before he ultimately chose Sen. JD Vance, R-Ohio.

Persons: Donald Trump, Sen, Marco Rubio, Trump, wouldn't, Rubio, ”, Marco, he’s, “ He’s, “, Ric Grenell, Trump’s, Grenell, JD Vance, Ron DeSantis, Lee Zeldin, Mike Waltz, Susie Wiles, Tom Homan Organizations: New York Times, Trump, NBC News, Foreign Relations, State, State Department, Florida Gov, White Locations: Marco Rubio of Florida, China, Ukraine, Germany, R, Ohio, Florida

President-elect Donald Trump has picked Rep. Mike Waltz, R-Fla., to be his national security adviser, according to four sources familiar with the decision. Since 2019, he has represented a congressional district in the House, where he's a member of the Armed Services, Foreign Affairs and Intelligence committees. Like many congressional Republicans, Waltz has also criticized U.S. aid to Ukraine in its war against Russia. The role of White House national security adviser doesn’t require Senate confirmation. Waltz joins Rep. Elise Stefanik of New York as the second House Republican Trump has tapped for posts in his new administration.

Persons: Donald Trump, Mike Waltz, didn’t, Waltz, Vladimir Putin, doesn’t, Elise Stefanik, House Republican Trump Organizations: Green Beret, Armed Services, Foreign Affairs, Intelligence, Street Journal, China Task Force, Republicans, NPR, U.S ., White House, House Republican, United Nations Locations: Afghanistan, East, Africa, China, He's, Ukraine, Russia, U.S, New York

☆ European Google rivals partner on search engine infrastructure to counter Big Tech
▼ + stars: | 2024-11-12 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

The two internet search firms agreed a joint venture, called the European Search Perspective or EUSP, with ownership split 50-50 between both firms. Why build a European search index? Currently, alternative search engines like Ecosia, Qwant and DuckDuckGo don't develop their own back-end infrastructure. The new venture will see them build their own search index from scratch, however, amassing results from a mix of different search engines. Both companies will use the search index themselves but the tech will also be made available to other independent search engines and tech firms.

Persons: Nikolas Kokovlis, Portugal —, it's, Christian Kroll, DuckDuckGo, Bing, Olivier Abecassis, Abecassis, Kroll, Donald Trump, Ecosia's Kroll, ChatGPT Organizations: Nurphoto, Getty, Google, . Big Tech, Microsoft, CNBC, European Union, The, Markets, Big Tech, U.S Locations: LISBON, Portugal, France, Berlin, Paris, Qwant, United States, Russia, Europe, Ukraine

☆ Doctor accused of criticizing Russia’s war in Ukraine sentenced to more than 5 years in prison
▼ + stars: | 2024-11-12 | by ( Associated Press | ) edition.cnn.com time to read: +3 min

TALLINN, Estonia Associated Press —A doctor accused of criticizing the war in Ukraine in front of a patient was convicted Tuesday of spreading false information about the Russian military and sentenced to 5 and a half years in prison, part of an unrelenting Kremlin crackdown on dissent. Akinshina alleged that Buyanova told her and her son that his father, a Russian soldier who apparently was killed in Ukraine, was a legitimate target for Kyiv’s troops and had blamed Moscow for the war. A video of the outraged Akinshina complaining about Buyanova was widely publicized, and chief of Russia’s Investigative Committee Alexander Bastrykin personally demanded a criminal case be brought against the doctor. Buyanova, who was born in western Ukraine, denied the accusation, insisting she never said what she was accused of saying. In her closing statement to the court, Buyanova said it was “painful” to read the accusations in the indictment, and broke down.

Persons: Dr, Nadezhda Buyanova, Anastasia Akinshina, Akinshina, Buyanova, Alexander Bastrykin, “, ” Mediazona, Buyanova’s, Oscar Cherdzhyev, ” Organizations: Press, Russia’s, Authorities Locations: TALLINN, Estonia, Ukraine, Russian, Moscow, Russia

☆ Russia's inflation is so bad that potatoes cost 64% more than they did at the start of the year
▼ + stars: | 2024-11-12 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Russia's economy faces stress as high interest rates fail to control inflation. Business leaders criticize high rates, warning of potential bankruptcies and an economic slowdown. The data from Rosstat, Russia's federal statistics service, show that food prices have generally risen across the board this year. To tame prices, Russia's central bank has hiked its key interest rate to a record high of 21% last month. High interest rates are irritating business leaders, who are more loudly critiquing the central bank's policies.

Persons: —, It's, Vladimir Putin, Sergei Chemezov, Chemezov Organizations: Business, Service, MMI Locations: Ukraine, Rosstat, Russian, Russia

☆ Under strain from war, Russia plans a massive layoff in its public sector: report
▼ + stars: | 2024-11-12 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +3 min

Russia will resume public sector layoffs, affecting up to at least 40,000 workers, per Kommersant. Layoffs were paused due to COVID-19 and Russia's invasion of Ukraine. The cuts would also allow more people to enter Russia's labor market which is experiencing a worker shortage. The cuts would also allow more people to enter Russia's labor market which is experiencing a widespread shortage of workers amid Russia's invasion of Ukraine. Workers have been pulled into the Ukraine war or forced to flee after Putin enacted a major mobilization to increase wartime recruitment.

Persons: —, Vladimir Putin, Putin, Harley Balzer, Russian Central Bank Governor Elvira Nabiullina Organizations: Service, Russian Kommersant, Kommersant, Russian Academy of Science's Institute of Economics, Workers, Georgetown University, Russian Central Bank Governor Locations: Russia, Ukraine, Russian

☆ South Korean president takes up golf again to prepare for Trump’s second term
▼ + stars: | 2024-11-12 | by ( Jessie Yeung | Yoonjung Seo | ) edition.cnn.com time to read: +4 min

Seoul, South Korea CNN —As countries around the globe prepare for a second Trump presidency, one world leader is teeing up a carefully calibrated diplomatic strategy. In South Korea, President Yoon Suk Yeol “recently began practicing golf again for the first time in eight years, in preparation for ‘golf diplomacy’ with President-elect Trump,” the presidential office told CNN on Tuesday. South Korean President Yoon Suk Yeol delivers a speech in Seongnam, South Korea, on October 1, 2024. Another potential headache for Yoon once Trump is in office is the future of the 28,500 US troops in South Korea. The troops serve as both a means to deter any potential attack from North Korea and to counter China’s aggression.

Persons: Yoon Suk, “, Trump, Yoon, Donald Trump, scrutinizing, Japan’s, Shinzo Abe, Kim Hong, Moon Jae, Kim Jong, ”, –, Kim Organizations: South Korea CNN, Trump, CNN, Reuters, South, North Locations: Seoul, South Korea, Trump, Florida , New Jersey, Virginia, Manhattan, Florida, Japan, Seongnam, Korea, North Korea, Russia, Pyongyang, Moscow, Ukraine

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