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☆ Russia's former president suggested firing a hypersonic missile at The Hague after Putin's ICC arrest warrant: 'Look carefully into the sky'
▼ + stars: | 2023-03-20 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Dmitry Medvedev suggested striking The Hague with a hypersonic missile in a furious post on Monday. It came after the International Criminal Court issued an arrest warrant for Russia's Vladimir Putin. On Friday, the ICC issued an arrest warrant for Putin relating to the "unlawful deportation" of children from occupied areas of Ukraine. Medvedev also claimed that the arrest warrant for Putin heralds the collapse of international law, calling it "a grim sunset of the whole system of international relations." While the US' own relationship with the ICC has been fraught, on Friday President Joe Biden said the arrest warrant for Putin was justified.

March 20 (Reuters) - Russia's top investigative body said on Monday it had opened a criminal case against the International Criminal Court prosecutor and judges who issued an arrest warrant for President Vladimir Putin on war crimes charges. The move was a symbolic gesture of defiance, three days after the ICC accused Putin and his children's commissioner Maria Lvova-Belova of the war crime of deporting children from Ukraine to Russia. The Kremlin has called the issuing of the warrant outrageous but legally void, as Russia is not a signatory to the treaty that created the ICC. On Monday it said the court's move was a sign of the "clear hostility" that exists against Russia and against Putin personally. Russia has publicly said it has brought thousands of Ukrainian children to Russia in what it presents as a humanitarian campaign to protect orphans and abandoned children in the conflict zone.

Concerns that Chinese investors are buying overseas to make a quick profit at home are valid. Since last year, 11 Chinese companies have raised a combined $3.6 billion by selling GDRs on the Six Swiss Exchange, data from Dealogic show. Savvy punters with access to foreign funds can therefore make a quick and relatively risk-free profit by shorting the Chinese stock and buying the discounted GDRs. This helps explain why Swiss shares of Chinese companies barely trade. Since the launch of a China-Swiss stock scheme in 2022, 11 Chinese companies have raised a combined $3.6 billion, according to data from Dealogic.

☆ Chinese leader Xi Jinping is heading to Russia to meet Vladimir Putin
▼ + stars: | 2023-03-17 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Xi Jinping is scheduled to visit Russia next week to meet with Russian leader Vladimir Putin. This marks the first time that Xi will be traveling to Russia since the start of the Ukraine war. Xi's visit would mark the first time China's leader will visit Russia since Moscow launched its war on Ukraine in February 2022. Xi and Putin will discuss "deepening Russian-Chinese cooperation" between their nations, the Kremlin said in a Friday statement. Ahead of the announcement, Chinese Foreign Minister Qin Gang called his Ukrainian counterpart, Dmytro Kuleba, on Thursday evening.

☆ How Indonesia is using diplomacy to call for the end of Russia's war in Ukraine
▼ + stars: | 2023-03-16 | by ( Sponsor Post | Created Insider Studios With Fcdo | ) www.businessinsider.com time to read: +6 min

Indonesia has joined the vast majority of the world's countries in condemning Russia's invasion of Ukraine. Agriculture, IT, and energy are just a few of the areas with potential for partnership between Indonesia and Ukraine. Indonesia has worked hard to build bridges in the interests of global trade and regional stability. Bilateral opportunities: Trade between Indonesia and Ukraine totaled $1.24 billion before Russia invaded Ukraine. 141 countries, including Indonesia, voted in favor of Russia's immediate, complete, and unconditional withdrawal from Ukraine.

☆ Italy's Treasury sets up new department for state-run companies
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: +2 min

ROME, March 16 (Reuters) - Italy approved on Thursday a decree to create a new department at the economy ministry in charge of managing state-controlling companies such as energy groups Enel (ENEI.MI) and Eni . Economy Minister Giancarlo Giorgetti announced the scheme in January as part of efforts to tighten the government's grip on key companies dealing with some of the most delicate corporate issues facing Italy. Under the scheme, the influential Treasury department within the ministry, led by veteran economist Riccardo Barbieri, will continue to supervise public debt management, macroeconomic policies, European and international relations as well as financial regulation. The newly created "economic department" will have its own director general and will handle the decision-making process regarding state-controlled firms, public assets and public guarantees on banking loans. Rome is expected to decide on the chairperson and CEO positions of these firms by the end of next week, government sources said.

The video showed what the Pentagon said were two Russian Su-27 fighter jets swooping toward the drone and releasing jet fuel on it in harassing behaviour. After a second pass by the jets, the video cuts out then resumes with images of the drone's damaged propeller. WAR CRIMES PROBEInvestigations by an international panel said some of Russia's actions since invading Ukraine on Feb. 24, 2022, may be crimes against humanity. "The day will come when those guilty of war crimes against Ukraine will appear in the halls of the International Criminal Court and in national courtrooms," Zelenskiy said. Ukraine and its allies accuse Moscow of an unprovoked war to grab territory from its pro-Western neighbour.

Shares in H&M were down 6% in early trade, underperforming the wider Swedish market (.OMXSPI). The Swedish group said sales measured in local currencies for the period, its fiscal first quarter, rose 3% from a year earlier. Jefferies said local-currency sales, the figures most watched by markets, were significantly lighter than consensus estimates and implied that sales in reality fell 3% in February. By contrast, market leader Inditex (ITX.MC) reported on Wednesday a 13.5% increase in Feb. 1 - March 13 sales and a 27% net profit increase for its fiscal year through January. Royal Bank of Canada (RBC) said it expected continued input cost increases in the first quarter for the retailer and that it would stay under pressure into the second quarter.

☆ France is already sending one armored 'oddity' to Ukraine. Now it might send a slightly odder one.
▼ + stars: | 2023-03-13 | by ( Michael Peck | ) www.businessinsider.com time to read: +5 min

France is reportedly considering sending AMX-10P amphibious infantry fighting vehicles to Ukraine. France has already sent its AMX-10RC armored vehicle to Ukraine, among other military hardware. Troops exit an AMX-10P armored vehicle in France KEYSTONE-FRANCE/Gamma-Rapho via Getty ImagesAbout 2,000 AMX-10Ps were manufactured between 1973 and 1985. It is also relatively easy to learn and operate, Péria-Peigné said, describing it as "simpler than most modern" infantry fighting vehicles. As Ukraine struggles to assimilate a plethora of Western arms quickly, an old but simple armored vehicle may be good enough.

HONG KONG, March 9 (Reuters Breakingviews) - European financial centres are rolling out the red carpet for Chinese companies. Its free-float market capitalisation of $1.9 trillion is just a tenth of the New York Stock Exchange, January data from the World Federation of Exchanges show. Yet as tensions between Washington and Beijing rise and Chinese companies in New York face the threat of delisting, traditionally neutral Zurich has become an attractive alternative. That removes the risk that overseas regulators will demand access to mainland companies’ books - the source of a lengthy spat between the U.S. Public Company Accounting Oversight Board and Beijing. Deutsche Börse (DB1Gn.DE), which operates Frankfurt’s stock exchange, is technically ready to launch the China-Germany Stock Connect, board representative Niels Tomm said in November.

The usually sleepy Ministry of Science and Technology will be tasked to help lead the country's efforts to reduce dependence on Western suppliers. Meanwhile, creating a National Data Bureau should streamline the myriad of regulations spanning cybersecurity, personal privacy and information transfer. The benefits of upgrading the science, technology and patent ministries are less clear. And despite China being the world's most prolific patent filer, 90% are low-value "trash", estimated one Chinese official in 2019. Other proposals from the State Council include creating a National Data Bureau to coordinate sharing and developing the country's data resources.

☆ Academic on U.S. Defense Secretary Lloyd Austin's Middle East visit
▼ + stars: | 2023-03-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLloyd Austin's Middle East visit: Deescalating West Bank tensions high on the agenda, says academicDalia Dassa Kaye of UCLA's Burkle Center for International Relations discusses U.S. Defense Secretary Lloyd Austin's trip to the Middle East and says "the Russia angle and the China angle will be a bit of an uphill battle."

☆ A Nikki Haley and Vivek Ramaswamy Victory
▼ + stars: | 2023-03-03 | by ( Sadanand Dhume | ) www.wsj.com time to read: +1 min

Sadanand Dhume writes a biweekly column on India and South Asia for WSJ.com. Mr. Dhume is also a resident fellow at the American Enterprise Institute in Washington, D.C. Mr. Dhume is the author of “My Friend the Fanatic: Travels with a Radical Islamist,” (Skyhorse Publishing, 2009), which charts the rise of the radical Islamist movement in Indonesia. Mr. Dhume holds a bachelor’s degree in sociology from the University of Delhi, a master’s degree in international relations from Princeton University and a master’s degree in journalism from Columbia University. He lives in Washington, D.C. with his wife, and travels frequently to India.

In the past 24 hours Ukrainian forces have repelled more than 170 attacks in the five principal sectors of the front line, Ukrainian military analyst Oleh Zhdanov said on YouTube on Thursday night. Ukraine says the city has limited strategic value but wants to exhaust Russian forces. In nearby towns and villages, new trenches had been dug on the roadside 20-40 metres (65-130 feet) apart, a sign that Ukrainian forces were strengthening defensive positions. Russia says its "special military operation" aims to degrade the Ukrainian military and remove what it says is a threat to its own security. The Russian foreign ministry said Lavrov and Blinken spoke "on the move" for less than 10 minutes.

[1/4] A Ukrainian service member prepares to shoot from a howitzer at a front line, as Russia's attack on Ukraine continues, near the city of Bakhmut, Donetsk region, Ukraine March 2, 2023. Russian forces have been attacking Bakhmut in Donetsk province for months, sometimes in waves and the site has become one of the bloodiest battles of the war. Ukraine says the city has limited strategic value but wants to exhaust Russian forces. Russian shelling hit Bakhmut and several nearby towns - including Chasiv Yar, the biggest town to the west - and two towns south of Bakhmut, it said. In central Zaporizhzhia region and in Kherson region on the southern front, Russian forces shelled more than 40 towns and villages, the Ukrainian military statement said.

☆ Freshman Rep. Andy Ogles admits he didn't know what he majored in
▼ + stars: | 2023-02-27 | by ( Madison Hall | ) www.businessinsider.com time to read: +4 min

Freshman Rep. Andy Ogles claimed he had a degree in "policy and economics" while campaiging. Ogles, a freshman representative from Tennessee, originally claimed on the campaign trail that he had a degree in international policy and economics, according to Nashville's NewsChannel5. But while it's true Ogles studied at Middle Tennessee State University, he did not major in international policy nor economics. An Insider interview with Laffer, however, revealed that Ogles' role working with Laffer primarily didn't involve economics — instead, Laffer claimed Ogles mainly worked in fundraising, though he didn't question Ogles' claim of being an economist. "An economist is a person who works in economics," Laffer told Insider.

☆ Space, Life Science, and Quantum Computing Innovations
▼ + stars: | 2023-02-27 | by ( Sponsor Post | Created Insider Studios With The Uk'S Department For Business | ) www.businessinsider.com time to read: +8 min

According to the Global Innovation Index 2022, global government R&D investment is growing and the UK is ranked fourth for global innovation (and third most innovative economy in Europe). "Space observation is vital for our planet — the UK invests in the European Space Agency and at the Space Cluster at Harwell, a significant science and innovation park." Jo Hawley, deputy director for aerospace, space and automotive at DBT, reported that the UK space sector spent £836 million on R&D in 2021. The company has reported strong growth of its life science research tools business, reflected in the international footprint of its commercial and distribution operations. The Department for Business and Trade can connect you with dedicated, professional assistance to locate R&D investment opportunities and support.

☆ Government employees have received gifts worth thousands, but the CIA destroys many of the items it receives
▼ + stars: | 2023-02-26 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

The State Department released a record of gifts given to government employees over the last several years. The gifts range from the minimum required value for reporting of $415 to over $10,000. The gifts span a wide variety, from furniture and books to valuable pens, jewelry, and clothing worth several thousand dollars. "When an agency receives foreign government gifts, there are several options for disposing of the gift permissibly," a CIA spokesperson told Fox Business. "When an employee receives a foreign government gift exceeding minimal value, the agency may make official use of the gift or may display it.

☆ Kim Jong Un may be prepping his daughter as his successor because he wants a woman in charge to modernize North Korea's image, experts say
▼ + stars: | 2023-02-24 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

But it will likely have little impact on the lives of ordinary North Korean women. North Korean leader Kim Jong Un and his sister Kim Yo Jong attend a meeting with South Korean President Moon Jae-in on April 27, 2018. "Kim Jong Un is a feminist — at least if judged by the incredibly low standards of North Korea," Andrei Lankov, a North Korea expert recently wrote for NK News. North Korean leader Kim Jong Un talks with his daughter Kim Ju Ae at a banquet in Pyongyang, North Korea February 7, 2023. "Discrimination against women and girls in North Korea is widespread and is accepted as a natural part of everyday life in North Korea," said Joon.

With Alibaba shares down 30% in one month, enthusiasm for China's return to normalcy is peaking early. The Alibaba chief executive also cautioned that January was a "challenging time" and that the company is keeping an eye on how the reopening develops. Alibaba has hit the limits of the reopening boon. Reuters GraphicsFollow @mak_robyn on TwitterCONTEXT NEWSAlibaba on Feb. 23 reported revenue of 248 billion yuan ($35.9 billion) in the three months to December, an increase of 2% year-on-year. Adjusted earnings rose 12% to 40 billion yuan.

☆ Analysis: China's role as Ukraine peacemaker raises doubt as it 'deepens' Russia ties
▼ + stars: | 2023-02-23 | by ( Martin Quin Pollard | ) www.reuters.com time to read: +5 min

A year after Russia invaded its southwestern neighbour, its "no limits" partner China is offering to broker peace. It says it will issue a "position paper" on Ukraine and President Xi Jinping is expected to give a "peace speech" this week, Italy's foreign minister said. "At the moment China’s peace effort will stay at the rhetorical level," said Li Mingjiang, associate professor of international relations at Singapore's S. Rajaratnam School of International Studies. Still, China is unlikely to provide Russia with military aid any time soon, at least not overtly, experts and diplomats said. "China still sees Russia as a central element of its overarching strategy to weaken U.S. power and influence and build a multipolar world," he said.

☆ How China is helping to prop up the Russian economy through the war in Ukraine
▼ + stars: | 2023-02-22 | by ( Laura He | ) edition.cnn.com time to read: +8 min

China has been buying more energy from Russia since the Ukraine war started. Total trade between China and Russia hit a new record high in 2022, up 30% to $190 billion, according to Chinese customs figures. In particular, the energy trade has risen markedly since the onset of the war. Russian companies have been using more yuan to facilitate the increased trade with China. UnionPay, the Chinese payments system, has reportedly stopped accepting cards issued by Russian banks over fears of international sanctions, according to Russian paper Kommersant.

☆ Putin cancels decree underpinning Moldova's sovereignty in separatist conflict
▼ + stars: | 2023-02-22 | by ( Alexander Tanas | ) www.reuters.com time to read: +3 min

CHISINAU, Feb 22 (Reuters) - President Vladimir Putin revoked on Tuesday a 2012 decree that in part underpinned Moldova's sovereignty in resolving the future of the Transdniestria region - a Moscow-backed separatist region which borders Ukraine and where Russia keeps troops. The decree, which included a Moldova component, outlined Russia's foreign policy 11 years ago which assumed Moscow's closer relations with the European Union and the United States. It is part of a series of anti-Western moves announced by Putin on Tuesday. "The decree is a policy document that implements the concept of Russia's foreign policy," Flenchea told Publika-TV. "Moldova and Russia have a basic political agreement that provides for mutual respect for the territorial integrity of our countries."

☆ Marking one year of war in Ukraine, U.N. chief denounces Russia
▼ + stars: | 2023-02-22 | by ( Michelle Nichols | ) www.reuters.com time to read: +3 min

"We have heard implicit threats to use nuclear weapons. The so-called tactical use of nuclear weapons is utterly unacceptable. It is high time to step back from the brink," Guterres told the 193-member U.N. General Assembly at a meeting to mark the first anniversary of the war in Ukraine. The draft text would again see the General Assembly demand Moscow withdraw its troops and call for a halt to hostilities. "Russia violated the UN Charter by becoming an aggressor," he said at the United Nations.

Worldwide boy-band sensation BTS may be on hiatus, but refreshing new financial acts threaten to upend the world of K-pop, and perhaps South Korea. The battle over 28-year-old SM Entertainment, the $2.3 billion force behind Girls' Generation and EXO, is at heart a family feud. It helps, too, that K-pop has turned into one of South Korea’s strongest exports, thanks largely to “Butter” and “Dynamite” singers BTS. "We oppose all aggressive outside mergers and acquisitions, including Hybe," SM said in a statement, according to Reuters. Separately, internet conglomerate Kakao said on Feb. 7 it would acquire a 9.05% stake in SM via 112 billion won of new shares and 105 billion won of convertible bonds.

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