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☆ 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

☆ South Africa’s President Announces Plan to Form National Unity Government
▼ + stars: | 2024-06-06 | by ( Lynsey Chutel | ) www.nytimes.com time to read: +1 min

Days after his African National Congress party faced historic losses at the polls, President Cyril Ramaphosa of South Africa said on Thursday that he will seek to form a government that includes a wide range of parties, some with starkly opposing views. since the fall of apartheid, South Africa has been in limbo since the watershed election on May 29 when voters punished the ruling party for failing to address issues like skyrocketing unemployment, regular power outages and high rates of crime. Over the next few days, a weakened A.N.C. “We invite political parties to form a government of national unity as the best option to move our country forward,” Mr. Ramaphosa said in a news conference late on Thursday night. “This moment calls for the broadest unity of the people of South Africa.”

Persons: Cyril Ramaphosa of, “, Mr, Ramaphosa, ” Organizations: African National Congress Locations: Cyril Ramaphosa of South Africa, South Africa, Africa’s

☆ Tensions ramp up on Israel-Lebanon border as IDF warns decision is approaching on fresh offensive
▼ + stars: | 2024-06-05 | by ( Nadeen Ebrahim | Mike Schwartz | ) edition.cnn.com time to read: +6 min

Israel attributed the blaze to rocket fire from southern Lebanon, where Hezbollah said it had launched a “swarm of drones” at Israeli military sites. On Wednesday, Israeli Prime Minister Benjamin Netanyahu visited the northern city of Kiryat Shmona near the Lebanese border, saying that Israel is prepared for “very intense action” in the north. Israel and Hezbollah in Lebanon have been trading fire since the start of Israel’s war on Hamas in Gaza in October. In April, the IDF said it is “preparing to move from defense to attack,” referring to operations on the northern border. Ten Israeli civilians and 18 soldiers have also been killed on the border, the Israeli military said.

Persons: Benjamin Netanyahu, ”, Staff Herzi Halevi, ” Halevi, Naim Qassem, Hezbollah’s, Al, Kiryat Shmona, ” Amos Harel, of National Security Itamar Ben Gvir, Bezalel Smotrich, Benny Gantz, Jack Guez, Gantz, that’s, ” Harel Organizations: Abu Dhabi CNN, Hezbollah, Israel Defense Forces, Staff, Lebanese, Gaza, GPO, IDF, Reuters, Lebanese Ministry of Public Health, CNN, Haaretz, of National Security, “, ”, Getty, Israel Locations: Jerusalem, Abu Dhabi, Israel, Lebanon, Iran, Kiryat Shmona, Lebanese, “, Gaza, Al Jazeera, Israeli, Alma, Golan, Syria, AFP, An Iran, East, United States

☆ Jacob Zuma has made a dramatic comeback in South Africa’s elections. Will he have the last laugh over Ramaphosa?
▼ + stars: | 2024-06-05 | by ( Sarah Dean | David Mckenzie | ) edition.cnn.com time to read: +10 min

Johannesburg, South Africa CNN —South Africa’s African National Congress (ANC) party faces a mammoth challenge as it needs to form a government with its political rivals after suffering a seismic blow in last week’s election. However, both parties believe in the primacy of South Africa’s constitution and both have promised to crack down on corruption. If the ANC decides to pursue coalition talks with MK, then Zuma will want Ramaphosa out, solidifying his revenge. However, if South Africa’s president maintains his grip on the ANC, a coalition with MK is unlikely. South Africa’s business community and middle class are broadly nervous about an EFF–ANC coalition and its effect on investor confidence.

Persons: Mahlengi, Motsiri, Jacob Zuma, Zuma, Cyril Ramaphosa –, –, ”, Tessa Dooms, ” Dooms, Ramaphosa, Gupta, Ramaphosa’s, Fikile Mbalula, “, John Steenhuisen, Steenhuisen, TK Pooe, Paul Mashatile, Zuma “ unapologetically, Melanie Verwoerd, Verwoerd, Julius Malema, Malema, Floyd Shivambu, Mandela, Klerk, Thabo Mbeki Organizations: South Africa CNN, National Congress, ANC, South, MK, who’ve, CNN, Sunday, Democratic Alliance, White South, DA, EFF, Fighters, Wits School, Governance, Empowerment, ANC’s, National Health Insurance, Freedom Party, IFP, Reserve Bank, Finance, GNU, FW Locations: Johannesburg, South Africa, Africa, Zulu

☆ Anchor Brewing gets new lease on life after it finds an unexpected buyer
▼ + stars: | 2024-06-03 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Anchor Brewing, America’s oldest craft brewer, closed last summer after more than 127 years in business. Anchor closed in July 2023 and its former parent company Sapporo USA put it up for sale after facing years of declining sales. Despite Ulukaya’s excitement about reviving the 127-year-old brand, the craft beer business has been in decline as drinkers shift to spirits and cheaper alternatives. “The brand struggled because it kept relevance with longtime, committed craft beer enthusiasts, but rarely registered with young people or casual drinkers,” Roth said. “Focusing on Anchors legacy, stature, and part of American craft beer history could help the brewery form new emotional connections with drinkers.”

Persons: it’s, Hamdi Ulukaya, Brewing’s, Ulukaya, ”, Anchor’s, Jose Sarmento Matos, there’s, ” Bryan Roth, ” Roth Organizations: New, New York CNN, Brewing, LinkedIn, San, Sapporo, Bloomberg, Getty, San Francisco, Feel Goods Company, CNN Locations: New York, San Francisco, California, Sapporo USA, Sapporo, Potrero Hill

☆ Israel’s Offensive in Southern Gaza Strains Ties With Egypt
▼ + stars: | 2024-06-03 | by ( Vivian Yee | Emad Mekay | ) www.nytimes.com time to read: +4 min

That would deal a further blow to a relationship that Israel’s military offensive in southern Gaza had already brought to its lowest point in decades. For Israel, too, more than four decades of a so-called “cold peace” with Egypt has proved to be an essential pillar of national security. Egypt’s patience with Israel’s military moves is wearing dangerously thin, as it has repeatedly made clear. That border point, the main conduit for aid and other supplies during the war, lies between Egypt and Gaza but was recently occupied by Israel, drawing public outrage in Egypt. Egypt has refrained from taking more serious steps to respond to Israel’s moves, such as withdrawing its ambassador from Tel Aviv.

Persons: mouthpieces, Israel, Egypt’s, Gazans, Camp David, ” Ahmed Moussa, Moussa, ”, Mr, ” Isabel Kershner Organizations: Egyptian, International Court, Camp, Camp David Accords, Al, Egypt’s, Muslim Brotherhood, Hamas Locations: Egypt, Gaza, Cairo, Israel, Rafah, Tel Aviv, ”

☆ Opinion: The Paris Olympics are holding an uncomfortable mirror up to France
▼ + stars: | 2024-06-03 | by ( Opinion Adam Plowright | ) edition.cnn.com time to read: +5 min

CNN —Every host country of the Olympic Games faces a reckoning. But the world’s biggest sporting event holds a mirror up to a nation like few other events. After a public investment of billions of dollars and years of preparations, what do we, the host country, want to show the world about ourselves? Far-right leader Marine Le Pen took aim at Nakamura’s supposed “vulgarity,” suggesting that her representing France would “humiliate” the country. “What is the point of holding the Olympic Games in France if we then hide who we are?” asked Marion Marechal, an arch-conservative whose party attracts the country’s disaffected Catholics.

Persons: Adam Plowright, “, Emmanuel Macron –, Read, Adam Plowright Adam Plowright, —, it’s, Emmanuel Macron, Aya Nakamura, John Shearer, Edith Piaf, ’ Marion Marechal The, Marine Le, ”, clapped, Marion Marechal Organizations: CNN, Olympic Games, trudging, Twitter, Facebook Locations: France, Paris, tracksuits, New York City, Mali, Invalides

☆ Opinion | Yoav Gallant Has Shown Defiance. Will He Again?
▼ + stars: | 2024-06-02 | by ( Dahlia Scheindlin | ) www.nytimes.com time to read: +1 min

Last month, Yoav Gallant told Israelis that Prime Minister Benjamin Netanyahu was leading the nation astray. In a government known for ironclad loyalty to the prime minister, and in the heightened intensity of war, Mr. Gallant’s statement made headlines. In March 2023, Mr. Gallant became the most prominent member of the governing coalition to publicly call for a halt to Mr. Netanyahu’s attempt to undermine the judiciary, an effort that he said was harming the country’s security. When Mr. Netanyahu tried to fire him, hundreds of thousands of protesting Israelis brought the country to a standstill, and Mr. Gallant became an instant symbol of a bulwark against what the protesters viewed as an autocratic putsch. At both these moments, liberal Israelis have grasped at the possibility that Mr. Gallant could be a lifeline out of national perdition.

Persons: Yoav Gallant, Benjamin Netanyahu, Mr, Gallant, ”, Netanyahu, Netanyahu’s, Israel unrecognizably Locations: Gaza, Israel

☆ Two far-right Israeli ministers threaten to topple the government if it accepts Biden peace plan
▼ + stars: | 2024-06-02 | by ( Sophie Tanno | Eugenia Yosef | ) edition.cnn.com time to read: +4 min

CNN —Two far-right Israeli ministers have threatened to resign and bring down the governing coalition of Prime Minister Benjamin Netanyahu if he accepts a peace proposal laid out by US President Joe Biden. “It’s time for this war to end,” he said, a clear indication that – as far as he is concerned – Israel’s war goals have been met. But the Israel government’s two most prominent far-right members, Finance Minister Bezalel Smotrich and National Security Minister Itamar Ben Gvir, made it explicitly clear they reject an immediate ceasefire. The plan has been widely welcomed, with the UN and other international powers urging Israel and Hamas to accept it. Netanyahu’s government is facing growing international calls to end the war in Gaza as the conflict approaches its ninth month.

Persons: Benjamin Netanyahu, Joe Biden, Biden, “, ”, Bezalel Smotrich, Itamar Ben Gvir, Smotrich, Netanyahu, ” Smotrich, Ben Gvir, Otzma, Israel, ” Netanyahu, Yair Lapid Organizations: CNN, White, Hamas, Finance, National Security, ” National Security, UN, Saturday Locations: Gaza, Israel, Lebanon, ”

☆ Netanyahu aide says Israel agreed to Biden's cease-fire plan for Gaza
▼ + stars: | 2024-06-02 | by ( Freddie Clayton | ) www.cnbc.com time to read: +5 min

An aide to Israeli Prime Minister Benjamin Netanyahu said in an interview with Britain's Sunday Times that Israel had agreed to the framework for President Joe Biden's plan to bring an end to the war in Gaza, though he said it was "not a good deal." He added that Israel's conditions "have not changed" — the release of the hostages and the destruction of Hamas. "Indefinite war in pursuit of an unidentified notion of total victory will only bog down Israel in Gaza," Biden said. U.S. Secretary of State Antony Blinken made calls to Arab leaders on Saturday affirming their commitment to the cease-fire. Tens of thousands of Israelis gathered in Tel Aviv on Saturday night to urge the government to accept a cease-fire.

Persons: Benjamin Netanyahu, Israel, Joe Biden's, Biden, Netanyahu, Ophir Falk, — it's, Biden's, Bezalel Smotrich, Itamar Ben Gvir, Yair Lapid, Ben Gvir, Lapid, Smotrich, Laura Blumenfeld, Antony Blinken Organizations: Britain's Sunday Times, NBC News, Minister's, Sunday Times, Zionist Party, Jewish Power Party, Johns Hopkins School, International Studies, U.S, Families Locations: Gaza, Israel, Hamas, East, Washington, Spain, France, Germany, Belgium, Qatar, Egypt, U.S, Tel Aviv

Singapore CNN —China’s support to Russia will extend the war in Ukraine, President Volodymyr Zelensky said Sunday, as he called on countries across the Asia-Pacific to join an upcoming peace summit he accused Russia of trying to thwart. It comes ahead of the international peace conference on Ukraine slated to be held June 15-16 in Switzerland. “With China’s support to Russia the war will last longer. When asked later about China’s statement it would not attend the peace summit, the Ukrainian leader accused Russia of using Chinese diplomats to disrupt it. “Time is running out” including for Ukrainian children taken by Russia, Zelensky told a packed hall during an address on the closing day of the three-day security meeting.

Persons: Volodymyr Zelensky, Zelensky, China –, ” Zelensky, “, Putin, of National Defense Dong, ” Dong, Lloyd Austin, Dong, Russia ”, Vladimir Putin, ”, Austin, Prabowo Subianto, José Ramos, Pat Ryder, Joe Biden Organizations: Singapore CNN —, of National Defense, CNN, China’s Ministry of Foreign Affairs, Criminal, Ministry of Foreign, US Defense, Horta, Ukraine, Pentagon, Twitter Locations: Singapore, Russia, Ukraine, Asia, Pacific, China, Switzerland, Beijing, Kharkiv, The Hague, United States, Timor

☆ A bizarre comment stirred speculation India may try to match China's carrier fleet
▼ + stars: | 2024-06-01 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

During an interview with an Indian newspaper regarding plans to construct a third aircraft carrier, Defense Minister Rajnath Singh said India would build yet more. "He was only trying to dispel suggestions that the government is resistant to a proposal for a third aircraft carrier." They would also be less expensive, with the third Indian carrier estimated at around $5 billion, compared to $13 billion for a Ford-class carrier. On the other hand, there is a reason why America builds enormously expensive aircraft carriers. Despite its drawbacks, the aircraft carrier's aura and impact in peacetime operations are unmatched."

Persons: —, that's, it's, Rajnath Singh, Abhijit Singh, India's, Imtiyaz Shaikh, Queen Elizabeth, Singh, Michael Peck Organizations: Service, Indian Navy, Business, Indian, Defense, Observer Research Foundation, Getty, India, Soviet, Nimitz, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: India, New Delhi, China, Djibouti, Ream, Cambodia, Gwadar, Pakistan, Sri Lanka, Kyaukpyu, Myanmar, Fujian, Forbes

☆ Champions League final analysis: Dortmund 0 Real Madrid 2 – Carvajal, Vinicius Jr and pitch invaders
▼ + stars: | 2024-06-01 | by ( The Athletic Uk Staff | ) www.nytimes.com time to read: +14 min

Real Madrid won a 15th Champions League title after withstanding a hugely impressive Borussia Dortmund performance to triumph at Wembley thanks to late goals from Dani Carvajal and Vinicius Junior. We had all seen this movie before: Real Madrid pitch up in a Champions League final, stumble out of the blocks, seem to be there for the taking, ride their luck… but still prevail. More than two decades later, as he won his sixth Champions League medal, Carvajal confirmed his place alongside Di Stefano as a Blancos legend. Their expected-goals (xG) value of 1.68 was the biggest by a team in the first half of a Champions League final on record (since 2013-14). AdvertisementAfter Carvajal had scored for Madrid, Vinicius’ moment did come.

Persons: Dani Carvajal, Vinicius Junior, Julian Brandt, Karim Adeyemi, Thibaut Courtois, Niclas Fullkrug, Vinicius Jr, Gregor Kobel, Jose Mourinho, Carvajal, Jude Bellingham, Oliver Kay, Toni Kroos, Mats Hummels ’, Nacho, Lucas Vazquez, Alfredo Di Stefano, Di Stefano, Dermot Corrigan, —, Edin Terzic’s, Emre, Ian Maatsen, Marcel Sabitzer, Karim Adeyemi’s, Madrid, Mark Carey, Vinicius, Vinicius Jr’s, Jay, Kobel, Julian Ryerson, Vinicius ’, Jurgen Klopp, Jadon Sancho, It’s, Sebastian Stafford, Baroness Louise Casey, Dortmund’s Marcel Sabitzer —, Marc Atkins, Edin, we’ve, ”, “ We’ve, Carlo Ancelotti, Ina Fassbender Organizations: Real Madrid, League, Borussia Dortmund, Wembley, European, Madrid, Dortmund, TNT Sport, Champions League, Atletico Madrid, Liverpool, Champions, Brazilian, Vini, Bundesliga, verve, Metropolitan Police, UEFA Champions, TNT, Getty Locations: Dortmund, Madrid, Europe, …, Bellingham, Bloor, Italy, Swiss, Vienna, AFP

☆ Militant group releases 2 videos of an Amazon cloud engineer held hostage in Gaza since October 7
▼ + stars: | 2024-06-01 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +5 min

Read previewPalestinian Islamic Jihad released two videos this week showing Russian-Israeli hostage Alexander Troufanov, an Amazon cloud engineer. PIJ, a militant group that operates in Gaza alongside Hamas, released the first video on Tuesday. It would also include an exchange of Palestinian prisoners for Israeli hostages, a "surge" of humanitarian aid, and a reconstruction plan for Gaza. Around 1,200 people were killed in Israel during Hamas' October 7 attacks, with roughly another 240 taken hostage in Gaza. PIJ is the second-largest armed group in Gaza after HamasMembers of Al-Quds Brigades, an armed wing of Palestinian Islamic Jihad.

Persons: —, Alexander Troufanov, Troufanov's, Troufanov, Alexsander, Sasha, Trufanov, Nir, Irena Tati, Yelena, Sapir Cohen, PIJ, Al, Berl Lazar, Vladimir Putin, Putin, Alexander Trufanov, Joe Biden, Ashraf Amra Organizations: Service, Jihad, Business, Haaretz, Annapurna Labs, Amazon, Amazon Web Services, TASS, Al, Quds Brigades, Anadolu Agency, Getty, of National Intelligence Locations: Gaza, Jerusalem, Alexsander, Israel, The, Al Jazeera, Qatar, PIJ, Quds, Palestinian

He also warned that the death of any Filipino citizen at the hands of another country in the South China Sea would be “very close” to an act of war. It is also a rare opportunity to hear from, and pose questions to, senior Chinese military leaders. Robert Ward, IISS Japan chair, told CNN he felt Dong’s tone was “more shrill” than he’s seen in previous speeches by Chinese defense chiefs at the gathering. “The strategic environment in Asia has actually got more tense and I think we saw that in the Chinese defense minister’s speech today,” Ward said. “Every year for three years, a new Chinese defense minister has come to Shangri-La,” the official told CNN.

Persons: Dong Jun, ” Dong, ”, Xi Jinping, Dong, Lloyd Austin, ” China’s, “, Lai Ching, China, Ferdinand R, Marcos Jr, Austin –, China “, Robert Ward, he’s, ” Ward, they’ve Organizations: Singapore CNN, Taiwan, National Defense, Communist Party, Democratic Progressive Party, China’s Defense Ministry, South China, Austin, International Institute for Strategic Studies, CNN, US Locations: Singapore, Beijing, Taiwan, United States, China, Taiwan Strait, East, South, South China, Philippines, ”, American, The Hague, Philippine, Ukraine, Dong, Russia, Asia, Pacific, Japan

☆ Canada's Bill Blair says country is committed to increasing its defense spending to meet 2030 target
▼ + stars: | 2024-06-01 | 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 EmailCanada's Bill Blair says country is committed to increasing its defense spending to meet 2030 targetBill Blair, Canada's minister of national defense, says the country is "absolutely committed" to increasing defense spending, adding that his budget is set to increase by 27% in 2025.

Persons: Bill Blair

☆ US defense chief hails security partnerships in Asia in face of Russia, China threats
▼ + stars: | 2024-05-31 | by ( Brad Lendon | Nectar Gan | ) edition.cnn.com time to read: +5 min

Singapore CNN —US Defense Secretary Lloyd Austin on Saturday hailed the arrival of a “new convergence” in the Indo-Pacific, as the United States fortifies strategic and security partnerships in the region amid rising threats from China and Russia. “Today, we are witnessing a new convergence around nearly all aspects of security in the Indo-Pacific,” Austin said at the Shangri-La Dialogue security forum in Singapore. Looming large in that regional vision is a more assertive China, which Austin alluded to without mentioning it by name. Austin’s emphasis of a “new convergence” in Asia Pacific appeared to have struck a raw nerve with the Chinese delegation in the audience. Austin also reaffirmed US commitment to the Asia Pacific region, saying peace and stability across the region are crucial for the whole world.

Persons: Lloyd Austin, ” Austin, Austin, Lai Ching, “ We’ve, We’ve, we’ve, ”, Joe Biden, Xi Jinping, Cao Yanzhong, “, Mr.Putin, Dong Jun, Dong, Ferdinand R, Marcos Jr Organizations: Singapore CNN — US, Saturday, “, South China Seas, Asia Pacific, NATO, Institute of War Studies, Academy of Military Sciences of, China’s, National Defense Locations: Singapore, United States, China, Russia, Taiwan, Beijing, South China, Asia Pacific, South, Washington, Asia, Ukraine, Philippines, Philippine

The meeting, between US Defense Secretary Lloyd Austin and China’s Minister of National Defense Adm. Dong Jun, is the first face-to-face talks between the two defense chiefs and Austin’s first such discussions with a Chinese counterpart since late 2022. The meeting, on the sidelines of an annual defense conference in Singapore, takes place against a fraught regional backdrop. Austin is expected to raise concerns with Dong about China’s support for Russia, US officials said ahead of the meeting. Talks between Austin and Dong are not expected to see substantive progress towards resolving many entrenched issues between them. Several weeks later, US and Chinese top generals spoke in a video call, paving the way for this week’s in-person meeting between the defense chiefs.

Persons: Lloyd Austin, Dong Jun, Austin’s, China’s, Austin, Dong, Nancy Pelosi, Li Shangfu, Li, won’t, Xi Jinping’s, Xi, Joe Biden Organizations: Singapore CNN, US, National Defense, South China Seas, Communist Party, Coast Guard, Defense, Washington, Russia, America, East, Communist, Central Military Commission Locations: Singapore, Asia, Pacific, Taiwan, Beijing, East, South, Japan, South Korea, Philippines, China, South China, American, Russia, Ukraine, Austin, Asia –, San Francisco

☆ At a Moment of National Trauma, Biden Feels Compelled to Stay on the Sidelines
▼ + stars: | 2024-05-31 | by ( Peter Baker | ) www.nytimes.com time to read: +1 min

But this was no ordinary extraordinary case. And President Biden was no disinterested bystander. If Mr. Biden spoke out directly, he would doubtlessly feed into Mr. Trump’s false narrative that the prosecution was nothing more than a political hit job to take out his challenger. Mr. Biden’s damned-if-you-do, damned-if-you-don’t conundrum meant that his political risks essentially outweighed his presidential imperatives. While many of his predecessors have played a pastoral role at other moments when the justice system was tested during incendiary cases — think Rodney King, Michael Brown or George Floyd — Mr. Biden concluded that speaking out would make things worse, not better.

Persons: Biden, Donald J, Trump, Biden’s, Rodney King, Michael Brown, George Floyd — Mr Organizations: White Locations: United States

☆ The US-China military relationship is in tatters. This is one of the last chances to save it.
▼ + stars: | 2024-05-31 | by ( Tom Porter | ) www.businessinsider.com time to read: +1 min

The US and China's defense chiefs met for the first time in two years. 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 . AdvertisementUS and China defense chiefs held their first face-to-face meeting for two years amid escalating tensions over Taiwan and Ukraine. The meeting was part of a bid to repair the China-US relationship, which has become severely strained.

Persons: —, Lloyd Austin, Dong Jun, Wang Yi Organizations: Service, US, National Defense, US Department of Defense, Business Locations: Taiwan, Ukraine, China, Singapore

☆ Your guide to Wall Street analyst research and how to use it like the investing pros
▼ + stars: | 2024-05-30 | by ( Scott Schnipper | ) www.cnbc.com time to read: +10 min

Wall Street sell-side research is a key part of the financial markets, written by analysts working for brokerage firms, investment banks and other institutions. Research reports An analyst's published research report might include a company overview with basic information about a company's business, products and position in the relevant market. This is especially true when an analyst is first initiating research coverage into a particular company or industry. Analyst recommendations affect stock prices every day , especially if an analyst or her firm is highly reputable or believed to hold expertise in a particular area. Contrarian indicators Analyst recommendations can occasionally act as a contrarian indicator , too.

Persons: Merrill Lynch, Henry Blodgett, Merrill Organizations: Research, Wall, Sarbanes, Oxley, Global, Securities and Exchange Commission, National Association of Securities Dealers, CNBC Pro Locations: Sarbanes

☆ China's military exercises last week 'looked like a rehearsal' for a Taiwan invasion, US' top officer in the Pacific says
▼ + stars: | 2024-05-30 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

China's large-scale military exercises surrounding Taiwan last week "looked like a rehearsal" for an invasion, the US' top officer in the Pacific said. Related storiesIn the aftermath of the exercises, US lawmakers and officials have been responding with clear shows of support for Taiwan. The US would be dependent on Japan's bases to threaten a Chinese threat to Taiwan, as President Joe Biden has vowed. Taiwan's army held a military exercise following China's large-scale joint military drill around Taiwan on May 23, 2024. TAIWAN Military News Agency, Ministry of National Defense, R. O. C. / HANDOUTLast week's exercises weren't the first time China has held provocative exercises around Taiwan.

Persons: Adm, Samuel Paparo, Paparo, Joe Biden, Michael McCaul, McCaul, Nancy Pelosi, Party's Lai Ching, Tsai Ing Organizations: Service, Business, Pacific, Japan's Nikkei, TAIWAN Military News Agency, Ministry of National Defense, Democratic Locations: Taiwan, Beijing, US, China, United States, Taiwan's, Japan

☆ North Korean trash balloons are dumping ‘filth’ on South Korea
▼ + stars: | 2024-05-29 | by ( Jessie Yeung | Yoonjung Seo | ) edition.cnn.com time to read: +5 min

Seoul, South Korea CNN —North Korea has adopted a new strategy to contend with its southern neighbor: sending floating bags of trash containing “filth” across the border, carried by massive balloons. South Korean authorities said the balloons, which landed in several locations, were filled with "filth and garbage." “All responsibility arising from the North Korean balloons lies entirely with North Korea, and we sternly warn North Korea to immediately stop its inhumane and low-level actions.”Local governments also sent messages to residents in the northern Gyeonggi and Gangwon provinces to warn of the “unidentified objects,” and advised against outdoor activities. Earlier this year a South Korean research group has released rare footage that it claimed showed North Korean teenagers sentenced to hard labor for watching and distributing K-dramas. But the situation in North Korea deteriorated in the following years and diplomatic talks fell apart – prompting strict rules to snap back into place in the North.

Persons: ”, Kim Kang Il, KCNA, Staff “, ” Kim, Kim Jong Un, Kim Jong Organizations: South Korea CNN, South Korean, country’s, Chiefs of Staff, United Nations Command, Korea’s, Chiefs, Staff, North Korea’s, National Defense, South, South Korea’s, Reuters, North, Fighters Locations: Seoul, South Korea, Korea, North Korea, Gyeonggi, Gangwon, Korean, South, China

☆ Vivek Ramaswamy is waging an expensive trolling campaign on BuzzFeed
▼ + stars: | 2024-05-29 | by ( Oliver Darcy | ) edition.cnn.com time to read: +6 min

In a letter to BuzzFeed’s board, a copy of which Ramaswamy posted online, the MAGA hardliner and former Republican presidential candidate recommended laying off large swaths of the company’s existing staff. He encouraged BuzzFeed’s board to transform the outlet into a creator-driven platform, suggesting it hire personalities akin to fellow radicals Candace Owens and Tucker Carlson. “Address your audience directly and candidly admit: We failed in our obligation to tell you the truth,” Ramaswamy encouraged BuzzFeed. But it was apparent that he does not view the right-wing entrepreneur’s ideas for the future of BuzzFeed as compelling. “I’m very skeptical it makes business sense to turn BuzzFeed into a creator platform for inflammatory political pundits.

Persons: Vivek Ramaswamy —, —, Ramaswamy, MAGA hardliner, BuzzFeed’s, Candace Owens, Tucker Carlson, BuzzFeed, Donald Trump, ” Ramaswamy, Jonah Peretti, MAGA, ” Jeffrey A Sonnenfeld, “, Vivek, Vivek Ramaswamy, Peretti, ” Peretti, ”, Sonnenfeld Organizations: New York CNN, Republican, “, Yale School of Management, Facebook, Huffington Locations: New York, Covid, BuzzFeed

☆ Vivek Ramaswamy has a plan for BuzzFeed. There's just one problem.
▼ + stars: | 2024-05-28 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

Former Republican presidential candidate Vivek Ramaswamy announced last week he had been buying up shares in BuzzFeed. Which led to the obvious question: Why is Vivek Ramaswamy buying up shares in BuzzFeed? Related storiesHe's laid it out in a letter to BuzzFeed's board, but if you're in a hurry I can summarize it for you: Ramaswamy wants BuzzFeed to pull an Elon Musk. Another option would be for Ramaswamy to play this out a while longer and watch BuzzFeed shares shoot up based on his saber-rattling. BuzzFeed shares closed at $3 today, up 20% from May 22, when Ramaswamy first disclosed his stake.

Persons: Vivek Ramaswamy, Ramaswamy, BuzzFeed —, Elon, Musk, Tucker Carlson, Bill Maher, There's, Jonah Peretti, Peretti, Donald, he's Organizations: Service, Republican, Twitter Locations: BuzzFeed, MAGA

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