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☆ A famed economist who called the 2008 recession warns the Fed is behind on rate cuts — and that a downturn is coming despite 'off the charts' investor sentiment
▼ + stars: | 2024-08-24 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

"Incredibly, the Fed raised rates 500 basis points under a false presumption — by over one million — of just how robust the jobs market was," Rosenberg said. AdvertisementIn addition to the yearly revisions, monthly payroll revisions from the Bureau of Labor Statistics have also been poor more recently. Related storiesOne is a model that aims to enhance the yield curve as a recession indicator by taking into account US businesses' ability to repay debts and the Fed's National Financial Conditions Index. A soft-landing outcome, where the Fed avoids sending the economy into recession, is also still the consensus view on Wall Street. With inflation down under 3% and rate cuts almost surely on the way, such a scenario is still seemingly possible.

Persons: —, David Rosenberg, Rosenberg, Merrill Lynch, Pascal Michaillat, Emmanuel Saez, Vane, Chuck Prince, Ian Shepherdson, Shepherdson, payrolls, Jerome Powell, Powell Organizations: Service, Federal Reserve, Rosenberg Research, Business, Bureau of Labor Statistics, Fed, Treasury, Pantheon, Labor Locations: Jackson Hole , Wyoming

☆ Kyiv’s incursion into Russia sends a defiant message to its Western backers: We can win this war
▼ + stars: | 2024-08-24 | by ( Tim Lister | ) edition.cnn.com time to read: +9 min

Just as importantly, it’s also sent a political message to Kyiv’s allies that has changed the prevailing narrative of the war - that Ukrainian forces are doomed to fight an endless rearguard action against superior Russian firepower. A Ukrainian soldier walks past at a city hall in Sudzha, Kursk region, Russia, Friday, Aug. 16, 2024. But Ukrainian forces have shown that the conflict is not a one-way street. For the Ukrainians, sustaining the operation as Russia brings more artillery and aviation to bear will become increasingly difficult. But for every passing day that Ukrainian forces control an area of Russian territory the size of Hong Kong, the Kursk incursion becomes less of a footnote.

Persons: CNN —, it’s, Vladimir Putin, “ Putin, ” Mathieu Boulegue, ”, ” Boulegue, Volodymyr Zelensky, “, ” Mick Ryan, Kursk “, Ryan –, Zelensky, ” Ryan, Boulegue, Sabrina Singh, Josep Borrell, Donald Trump, Olga Tatariuk Organizations: CNN, Institute for, Center for, Kremlin, Ukrainian, Futura, Kyiv, Ukrainian Defense Ministry, NATO, Russian, Chatham House, Special Forces, Special Forces of Locations: Russian, Kursk, Russia, Ukraine, Moscow, Washington, Australia, Kharkiv, Ukrainian, Sudzha, Germany, United States, Chatham, Glushkovo, Kursk Region, Special Forces of Ukraine, Donetsk, Pokrovsk, Hong Kong

☆ Hezbollah: What weapons does it have? A visual guide
▼ + stars: | 2024-08-24 | by ( Lou Robinson | ) edition.cnn.com time to read: +4 min

Though no match for Israel’s military might, Hezbollah’s increasingly sophisticated arsenal has the potential to inflict significant damage on Israel and its allies in the region. As it fought in the trenches of that nearly decade-long war, Hezbollah became seasoned in urban warfare and solidified its alliances with other Iran-backed groups fighting in Syria. Throughout its decades-long conflict with Israel, Hezbollah has been engaged in asymmetric warfare. It has sought to grow its political and military might, while seeking to establish deterrence despite Israel’s military superiority. Because of Hezbollah’s growing power, a possible all-out war between Israel and Lebanon would thrust the Middle East into uncharted waters.

Persons: Yemen’s Houthis, Bashar al, Assad Organizations: CNN, Islamic Locations: Iran, Lebanon, Israel, Yemen, Syria, Gaza, Iraq, Red, Beirut, Islamic Republic

WASHINGTON — The Harris campaign has tapped Yohannes Abraham for a top role in the presidential transition team, according to a source familiar with the planning. Covington and Burling LLP, the law firm where former U.S. Attorney General Eric Holder works, will help the transition team get set up. Abraham's appointment comes as the General Services Administration prepares to engage the Harris and Trump campaigns in the presidential transition process. Federal law related to presidential transitions stipulates Sept. 1 as the deadline for GSA to enter into formal agreements with presidential transition teams. Several former Trump administration staffers are part of the groups behind Project 2025, but McMahon and Lutnick haven’t been connected to the effort.

Persons: WASHINGTON, Harris, Yohannes Abraham, Abraham, Kamala Harris, Donald Trump, Covington, Burling, Eric Holder, Holder, Biden, Rod Lamkey, Trump, Linda McMahon, Howard Lutnick, Cantor Fitzgerald, McMahon, Lutnick Organizations: Association of Southeast Asian Nations, ASEAN, U.S, Burling LLP, State Department, National Security Council, General Services Administration, Trump, GSA, Foreign Relations, Reuters, Washington , D.C, Small Business Administration, Trump White House, Democrats Locations: U.S, Indonesia, Jakarta, Asia, Dirksen, Washington ,, USA

☆ On frontline island, Taiwan president rejects China’s rule for freedom
▼ + stars: | 2024-08-23 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

KINMEN, Taiwan — Taiwan wants to continue its free way of life and rejects being ruled by China’s Communist Party, Taiwan President Lai Ching-te said Friday, visiting a frontline island between the two sides to mark a key battle with Chinese forces. “Our aim is that we hope for peaceful development across the Taiwan Strait. Taiwan sent its own forces to keep watch, the ministry said, using its usual wording for when China carries out such activities. China’s defense ministry did not immediately respond to a request for comment on whether the latest combat patrol was related to Lai visiting Kinmen. Formerly called Quemoy in English, Kinmen today is a popular tourist destination, though Taiwan maintains a significant military presence.

Persons: Lai Ching, Lai, Mao Zedong’s, Kinmen, “, ”, Jessica Chen, Tao Organizations: China’s Communist Party, Beijing, Communist Party, Kuomintang, China’s Taiwan Affairs Office, Taiwan Locations: KINMEN, Taiwan, Republic of China, Taipei, Kinmen, Taiwan Strait, China, Beijing, Taiwan’s, United States

More than two weeks into Ukraine’s incursion into western Russia, Ukrainian politicians have begun talking about establishing a buffer zone there. But how much farther Ukraine might try to advance into Russia, and how long it plans to stay, is unclear, U.S. officials said. After the first week of fighting, Ukraine claimed to control almost 400 square miles of Russian territory — an area roughly the size of Los Angeles. But American officials are not convinced that Ukraine intends to hold its position in Russia long term. They have not been laying minefields to slow down a counterattack, nor have they constructed barriers to slow down Russian tanks, the officials say.

Persons: Volodymyr Zelensky Locations: Russia, Ukraine, U.S, Los Angeles

☆ Mapping Ukraine’s Surprise Invasion of Russia
▼ + stars: | 2024-08-23 | by ( Josh Holder | ) www.nytimes.com time to read: +6 min

Mapping Ukraine’s Surprise Invasion of RussiaAfter two and a half years of fighting a war on their own soil, Ukrainian forces are continuing to advance within Russia, as their surprise invasion of the Kursk region enters its third week. RUSSIA Ukraine has continued to advance in recent days, although the pace of its territorial gains has slowed. UKRAINIAN TROOPS Guyevo UKRAINE Sumy 5 miles RUSSIA Ukraine has continued to advance in recent days, although the pace of its territorial gains has slowed. UKRAINIAN TROOPS Guyevo UKRAINE Sumy 5 miles RUSSIA Ukraine has continued to advance in recent days, although the pace of its territorial gains has slowed. UKRAINIAN TROOPS Guyevo UKRAINE Sumy 5 miles RUSSIA Ukraine has continued to advance in recent days, although the pace of its territorial gains has slowed.

Persons: Oleksandr Syrsky, Volodymyr Zelensky Organizations: Korenevo, American, Institute for, Labs, Planet Labs, Military, Kremlin Locations: Russia, Kursk, Ukraine, RUSSIA Ukraine, UKRAINE Sumy, UKRAINIAN, Washington, RUSSIA, UKRAINE RUSSIA, UKRAINE, Glushkovo, U.S, Pokrovsk, Niu

☆ A $2.30-a-day basic income trial is trying to save the Amazon rainforest
▼ + stars: | 2024-08-23 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Read previewGroups backing a universal basic income trial in Peru are hoping that unconditional payments to Indigenous communities will help preserve the Amazon rainforest. Universal basic income — for the rainforestAn aerial view of Asháninka territory in the Peruvian Amazon Cool Earth$2.30 a day wouldn't go far in the US or Europe. AdvertisementNumerous universal basic income trials have proliferated worldwide, but most are focused on social and economic outcomes. Cool Earth hopes that the basic income will remove incentives to be involved in deforestation. Communities that participated in Cool Earth's prior cash transfer projects saw up to 46% less deforestation compared to similar neighboring communities, Felandro added.

Persons: —, Isabel Felandro, Felandro, Johan Oldekop, Oldekop, Cool Organizations: Service, Business, Atlanta, Manchester University, Guardian Locations: Peru, Peruvian, Europe, Los Angeles, Chicago, Denver, New Guinea, Congo

“They are using food as a weapon,” a senior aid official told CNN. “No official travel authorization has been granted to humanitarian partners to implement activities outside of Sittwe township since November 2023,” a senior aid official told CNN. The UN aid officials made clear in their meetings, which have not been previously reported, that the status quo is unacceptable, the sources said. A World Food Programme (WFP) warehouse in Maungdaw was looted and burned in June, depriving that community of urgently needed food aid. A senior UN aid official in Myanmar blamed the funding shortfall in part on international apathy.

Persons: CNN — Khin Mar Cho, Soldiers, Byine Phyu, Khin Mar Cho, ” Khin Mar Cho, “, —, ”, Myint Kyaw, Sen, Min Aung, Mohammed, ” Mohammed, Shayna Bauchner, we’ve, OCHA, Sai Aung, Rakhine —, Ejaz, Jamila, Bangladesh Azim Khan Ronnie, Buthidaung, drenching, ” Jamila, ULA, ” Sajjad Mohammad Sajid Organizations: CNN, United Nations, Arakan Army, AA, UN, Myanmar’s Ministry of Information, AFP, Getty, Partners Relief, Development, Human Rights, ” Aid, SAC, Administration Council, Food, UN Office, Humanitarian Affairs, UN Security Council, European Union, Aid, Human Rights Watch, Solent, Myanmar, Development Coordination, United League of, Programme, Junta Locations: Myanmar, Byine, Rakhine, Sittwe, Rakhine State, Myanmar’s, Yangon, “, Sai, AFP, China, Buthidaung, Bangladesh, Cox’s Bazar, Cox's Bazar, Bangladesh Tanbirul Miraj Ripon, Kutupalong, Tanbirul Miraj Ripon, Arakan, Maungdaw, ULA, Gaza, Ukraine

☆ Opinion | Putin Is Losing Control of His Narrative
▼ + stars: | 2024-08-23 | by ( Serge Schmemann | ) www.nytimes.com time to read: +1 min

In purely military terms, Ukraine’s surprise incursion of Russia earlier this month is a dubious gamble. The more significant potential of the invasion lies on the other front — that of information, propaganda, morale, image and competing narratives. By moving into Kursk, Ukraine’s military has loudly advertised its boldness just when it looked like its troops might never regain the initiative. Mr. Zelensky calls this the “naïve illusion of so-called red lines,” and so far, his allies have not complained about the Kursk invasion. They may see little value in scolding Ukraine, the plucky David in this war, right after he has landed an audacious strike against a plodding Goliath.

Persons: Vladimir Putin, Volodymyr Zelensky, Zelensky, David Locations: Russia, Moscow, Donetsk, Ukraine, Kursk, Soviet, United States

☆ Russia is putting up a stiffer fight in Kursk and is sending well-equipped soldiers, says Ukrainian commander
▼ + stars: | 2024-08-23 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

Read previewA Ukrainian drone battalion commander says Russia is putting up a stronger fight in Kursk and is sending well-equipped soldiers to the region. AdvertisementThey are now dug down in cellars north of the town of Sudzha, deploying reconnaissance and strike drones to assist Ukrainian forces in their advance, it said. Ukraine's army chief, Oleksandr Syrskyi, said on Tuesday that Ukrainian forces were 22 miles into Russia. US officials told CNN last week that Russia appeared to be diverting thousands of troops from Ukraine into Kursk. It remains unclear exactly how many soldiers Russia is redeploying to Kursk from the main 600-mile front line in eastern Ukraine.

Persons: —, Oleksandr Syrskyi Organizations: Service, Regiment, Wall Street, Business, Institute for, CNN, Russian Presidential Administration Locations: Russia, Kursk, Ukraine's, Sudzha, Russia's Kursk, Ukraine, Russian, redeploying

☆ Russia is barely using one of its best weapons against Ukrainian forces in Kursk because it's scared to hit itself, war expert says
▼ + stars: | 2024-08-23 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +6 min

Russia has increasingly fired glide bombs at Ukrainian territory in its invasion of the country. AdvertisementBut Russia has not been using the bombs at the same scale against Ukrainian forces that crossed the border into Russia earlier this month. Russia used 750 glide bombs on Ukrainian cities and villages last week alone, according to Ukrainian President Volodymyr Zelenskyy Sunday. It's also fewer than the 50 glide bombs Russia has reportedly been firing daily into Ukraine's Sumy region, which neighbors Kursk. But these were relatively isolated incidents rather than something that was happening as a result of a new strategy, such as using glide bombs in Kursk.

Persons: —, Mark Cancian, Russia hasn't, that's, Cancian, REUTERS Cancian, Volodymyr Zelenskyy, It's, Scott Peterson, Rajan Menon, Columbia University's, George Barros, Barros, Zelenskyy, it's Organizations: Service, Ukrainian, Business, Russian Defense Ministry Press, Marine, Center for Strategic, International Studies, NATO, 95th Air Assault Brigade, REUTERS, Columbia, Columbia University's Saltzman Institute of War, Peace Studies, Russian Ministry of Defence, Russian Ministry of Defense Locations: Russia, Russian, Kursk, Ukrainian, Malaya Loknya, Russia's Kursk Region, Ukraine, Ukraine's Sumy, Petropavlivka

☆ Is Nvidia's earnings report really make or break? Here's why we don't think so
▼ + stars: | 2024-08-23 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

While expectations are high and caution is certainly warranted, we don't think it's quite that simple. While the Oscillator and Williams' work do point to possible selling pressure ahead, we don't want to get too bearish. However, we don't think the risks are so elevated as to warrant more than a small cash raise. We still view Nvidia as an "own it, don't trade it" stock, but we also don't keep our heads in the sand. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Larry Williams, Williams, Jim, Estee Lauder, Morgan Stanley, hasn't, they've, We're, Jim Cramer's, Dominika Organizations: Nvidia, Club, Abbott Laboratories, Federal, Blackwell, Apple, Microsoft, Super Six, Jim Cramer's Charitable, CNBC, Nurphoto, Getty Locations: Williams

A week into Ukraine’s surprise cross-border incursion into Russia, it’s becoming increasingly clear that Moscow does not have the situation under control. The incursion — the first time foreign troops entered Russian territory since World War II — is a major embarrassment for the Kremlin. Russian President Vladimir Putin vowed to “kick the enemy out” of Russia, but his troops are yet to stop the Ukrainian advance. The first reports of Ukrainian troops crossing into Russia’s Kursk region, just north of the Ukrainian border, started to emerge late last Tuesday. Read more about what this could mean for Russia, Ukraine and the war as a whole.

Persons: it’s, Vladimir Putin, Putin, Volodymyr Zelensky, Read Organizations: Kremlin ., Kyiv Locations: Russia, Moscow, Russia’s Kursk, Ukrainian, Ukraine, Kyiv, Crimea

☆ Ukraine says its troops are advancing deeper into Russia's Kursk region
▼ + stars: | 2024-08-14 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

Ukraine said its major cross-border assault had advanced one to two kilometers (0.6-1.2 miles) in Russia’s Kursk region since the start of Wednesday and that its troops had finished clearing the Russian town of Sudzha of Moscow’s forces. Kyiv blindsided Moscow by pouring thousands of troops into the western Russian region of Kursk last week. “We continue to advance further in Kursk region. Syrskiy said the Russian border town of Sudzha was fully under Ukrainian control. The governor of Russia’s border region of Belgorod, Vyacheslav Gladkov, declared a regionwide state of emergency on Wednesday, citing continued attacks by Ukrainian forces.

Persons: Volodymyr Zelenskyy, Oleksandr Syrskyi, ” Zelenskiy, Syrskiy, ”, Roman Pilipey, Vladimir Putin, Kyiv’s “, Joe Biden, “, Putin, Vyacheslav Gladkov, ” Gladkov Organizations: NBC News, Getty, U.S, Moscow’s, Kyiv, Russian Defense Ministry Press Service, Red Army, Nazi Locations: Ukraine, Russia’s Kursk, Sudzha, blindsided Moscow, Russian, Kursk, Soviet, Sumy, Russia, AFP, United States, Moscow, Ukrainian, Russia’s, Belgorod, Kyiv

☆ Tropical Storm Ernesto’s heavy rain hits Puerto Rico ahead of likely hurricane status
▼ + stars: | 2024-08-14 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Patrick-Smith-Circle-Byline-Template.Jpg | Patrick Smith | ) www.nbcnews.com time to read: +2 min

Puerto Rico Gov. A warning sign reading "Danger, No Swimming" is seen on the beach in Luquillo, Puerto Rico on Tuesday. Ocean conditions particularly in the north and the eastern part of Puerto Rico are going to be very dangerous," the governor said. The storm is expected to pass north of Puerto Rico on Wednesday and approach Bermuda on Saturday. People prepare for the arrival of Tropical Storm Ernesto in in Guaynabo, Puerto Rico, on Tuesday.

Persons: Ernesto, Pedro Pierluisi, Jaydee Lee Serrano, José Organizations: Puerto Rico Wednesday, Puerto, Puerto Rico Gov, AFP, Getty, NHC, U.S ., Associated Press Locations: Puerto, Caribbean, U.S, San Juan, Luquillo , Puerto Rico, Puerto Rico, British Virgin Islands, U.S . Virgin Islands , Puerto Rico, Vieques, Culebra, Bermuda, Guaynabo , Puerto Rico, Piñones, Puerto Rico’s, Sint Martin

☆ Solar-powered boats are sailing through Ecuador’s Amazon rainforest
▼ + stars: | 2024-08-14 | by ( Leah Collins | ) edition.cnn.com time to read: +8 min

CNN —In a secluded part of Ecuador’s Amazon rainforest, river transport is far more common than road travel. “Since the (solar) boats arrived, families have been giving up these motors completely,” he added. Working at an Achuar-owned local business in a remote Amazon community, he saw firsthand the difficulties people had in accessing basic resources such as electricity and transportation. I realized that I wanted to help empower them to reach this goal.”Achuar technicians maintaining the solar boats. “The study came back very positive; the solar boats could work if powered correctly,” he said.

Persons: Kara Solar, ”, Angel Wasump, Kara Solar’s, Oliver Utne, Utne, I’d, “, Kara, Begovic, “ We’d, Tapiatpia ”, Cheryl Martens, ” Kara, Nantu, “ It’s Organizations: CNN, MIT, — Escuela Superior, Universidad San Francisco, Quito —, Institute for Advanced, San Francisco University of Quito Locations: Ecuador, Peru, Quito, “, Minnesota, Pastaza

☆ Chinese scientists say they've found a way to make hypersonic missiles skip in the sky to strike deeper. US experts aren't convinced it'll be effective.
▼ + stars: | 2024-08-14 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Read previewA team of scientists in China believe they've found a way to make hypersonic missiles more potent — by extending their range via "skipping" on the atmosphere. Skip-gliding missiles may also be harder to track and intercept, she added. Kavanagh noted that a future skip-gliding missile would likely still be detectable from hundreds of miles away. AdvertisementKearn believes the issue is being overblown since China has the ability to launch nuclear strikes regardless of its hypersonic missiles. AdvertisementTheir next step, they said, would be to research how easily a skip-gliding missile can maneuver and navigate laterally.

Persons: —, they've, Yong Enmi, Washington, Jennifer Kavanagh, Kavanagh, David Kearn, Biden, Kearn Organizations: Service, China Aerodynamics Research, Development Center, Business, Astronautics, China Morning Post, US, Defense, People's, Army, PLA, Government, St, John's University Locations: China, Hong Kong, Nazi Germany, Beijing, Washington, Hawaii, United States

☆ Poland received German request to arrest suspect in Nord Stream probe
▼ + stars: | 2024-08-14 | by ( ) www.cnbc.com time to read: +2 min

BORNHOLM, DENMARK - SEPTEMBER 27: Danish Defense shows the gas leaking at Nord Stream 2 seen from the Danish F-16 interceptor on Bornholm, Denmark on September 27, 2022. Poland has received a European arrest warrant issued by Berlin in connection with the 2022 attack on Nord Stream pipelines, but the suspect has already left Poland as Germany failed to include his name in a database of wanted persons, Polish prosecutors told Reuters. The multi-billion dollar Nord Stream 1 and 2 pipelines transporting gas under the Baltic Sea were ruptured by a series of blasts in September 2022, seven months after Russia launched a full-scale invasion of Ukraine. The German prosecutor general's office declined to comment on the media reports. The German interior ministry declined to comment and the justice ministry did not immediately reply to an emailed request for comment.

Persons: Anna Adamiak, Volodymyr Z, general's Organizations: Danish Defense, Reuters, Die Zeit, ARD, Public Prosecutor's, Polish Border Guard Locations: BORNHOLM, DENMARK, Danish, Bornholm, Denmark, Poland, Berlin, Nord, Germany, Baltic, Russia, Ukraine, Ukrainian, Warsaw, Polish

☆ Ukrainian man wanted over Nord Stream pipelines explosions
▼ + stars: | 2024-08-14 | by ( Rob Picheta | ) edition.cnn.com time to read: +3 min

CNN —German authorities have issued an international arrest warrant for a Ukrainian man suspected of carrying out the explosions that damaged the Nord Stream gas pipeline two years ago. The explosions left gas billowing from Nord Stream 1 and 2 – two major conduits that transported Russian gas to Europe – and prompted a huge operation to find who was responsible. Neither of the pipelines were actively transporting gas to Europe at the time of the leaks, though they still held gas under pressure. During that voyage, the crew is reportedly suspected of diving into the Baltic Sea and attaching explosives to the massive Nord Stream pipelines, which subsequently detonated and damaged both lines, according to the outlets. The Nord Stream project had been controversial long before Russia invaded Ukraine.

Persons: Anna Adamiak, Volodymyr Z, Die Zeit Organizations: CNN, Public Prosecutors Office, Reuters, ARD, Die, Süddeutsche Zeitung, Federal Public, New York Times Locations: Nord, Europe, Poland, Germany, Ukrainian, Ukraine, Rostock, Denmark, Sweden, Baltic, Kyiv, Russia

CNN —The Russian border region of Belgorod declared an emergency on Wednesday after new attacks by Ukrainian forces, with Kyiv claiming control of hundreds of square miles of Russian territory after its rare cross-border incursion. “The situation in the Belgorod region continues to be extremely difficult and tense,” Belgorod Gov. The declaration came after Belgorod began evacuations on Monday as a result of Ukrainian advances, following Kyiv’s surprise incursion into the neighboring Kursk region last week. It was a notable change in tactics for Ukraine and marked the first time foreign troops had entered Russian territory since World War II. Two locations in Belgorod, the city of Shebekino and the village of Ustinka, had been attacked by Ukrainian drones, he added.

Persons: Vyacheslav Gladkov, Gladkov, Aleksandr Gusev, Volodymyr Zelensky, “, Vladimir Putin, Russia –, Joe Biden, Putin, ” Organizations: CNN, Belgorod Gov, Kyiv, Kremlin Locations: Belgorod, Ukrainian, Kursk, Ukraine, Russian, Shebekino, Ustinka, Voronezh, Moscow, Bryansk, Russia

☆ Putin appointed his former bodyguard to take over Russia's military response to the Kursk invasion, local lawmaker says
▼ + stars: | 2024-08-14 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Kursk State Duma deputy Nikolai Ivanov told Russian broadcaster RTVI on Tuesday that Putin had met personally with Alexei Dyumin, who was made secretary of the State Council in May. Ivanov said Putin told Dyumin to supervise military operations in Kursk, with the primary goal of ousting Ukrainian forces that invaded the Russian border region last week. Dyumin, seated second from Putin's right, attended a leading of Russia's top brass about the Kursk invasion. Related storiesWhen the now-deceased head of the Wagner Group, Yevgeny Prigozhin, staged a rebellion against Putin, Dyumin was rumored to have been instrumental in orchestrating negotiations. wrote state media military correspondent Alexander Sladkov on Tuesday.

Persons: —, Vladimir Putin, Nikolai Ivanov, Putin, Alexei Dyumin, Aleksey Gennadyevich Dyumin, Ivanov, RTVI, Dyumin, Valery Gerasimov, Alexander Bortnikov, Yevgeny Prigozhin, It's, Rybar, Alexander Sladkov Organizations: Service, Duma, RTVI, State Council, Business, Ukrainian, Bloomberg, Federal Security Services, Russian Presidential, Putin, Wagner Group Locations: Kursk, Russian, Crimea, Tula, Washington, Ukraine, Kyiv

☆ One of Ukraine's main goals in invading Russia appears to be working
▼ + stars: | 2024-08-14 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

Ukraine's invasion of the province of Kursk last week took Russia by surprise. Analysts told Business Insider that one of Ukraine's core aims in the operation is to divert Russian troops from the front line in Ukraine. Related storiesIt said that Russia could be diverting troops from units in Donetsk intended to relieve or reinforce front-line units. BI has been unable to confirm reports of the redeployments, and it is unknown exactly how many Russian troops may have been diverted to fight Ukraine's Kursk incursion. AdvertisementFor months, Ukraine's forces have been losing ground to Russia in a grinding war of attrition.

Persons: —, Dmytro Lykhoviy, Lykhoviy, Ukraine's, Volodymyr Zelesnkyy Organizations: Service, Business, POLITICO, BI Locations: Russia, Ukraine, Kursk, Zaporizhzhia, Kherson, Ukraine's, Ukrainian, US, Russian, Donetsk, Kharkiv Oblast, Kursk Oblast, Baltic, Kaliningrad, Ukraine's Kursk

☆ Ukraine keeps gaining ground in its push into Russia, with 74 settlements under its control, commander says
▼ + stars: | 2024-08-14 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Read previewUkraine has continued its push into Russia's Kursk region with 74 settlements under its control, according to its commander-in-chief. Syrskyi said his forces controlled 74 settlements in Russia's Kursk region as of Tuesday. Syrskyi also said that on Tuesday alone Ukrainian forces advanced another 1.3 miles and took control of more than 15 square miles of additional Russian territory, Ukrainian outlet The Kyiv Independent reported. It wasn't certain exactly how the Ukrainian side was defining the 74 settlements it claimed to control. AdvertisementMedics provide assistance in a vehicle in Russia's Kursk region on Sunday.

Persons: —, Oleksandr Syrskyi, Volodymyr Zelenskyy, Syrskyi, ISW, Zelensky, Anatoliy Zhdanov, John Kirby, Vladimir Putin Organizations: Service, Ukrainian, Business, Independent, REUTERS, France's AFP, Institute for, Sunday, Kommersant, BBC Locations: Ukraine, Russia's Kursk, Ukrainian, Russian, Sumy region, Russia, Kursk

☆ Ukraine's surprise incursion leaves Putin scrambling to save face — and his territory
▼ + stars: | 2024-08-13 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Yuliya-Talmazan-Circle-Byline-Template.Jpg | Yuliya Talmazan | ) www.nbcnews.com time to read: +2 min

Things seemed to be going so well for Vladimir Putin — at home and on the battlefield. Now Russia is the battlefield, after Ukraine’s stunning assault across the border turned the tables on Putin’s war and left his army scrambling to retake its own land. Putin convened a meeting with governors from the border regions as well as top defense and security officials on Monday. “One of the justifications that he routinely uses for the invasion of Ukraine is the security of the Russian state. The fact that Ukraine has launched this incursion into Russian territory, I think, is absolutely humiliating for him,” Fraser told NBC News.

Persons: Vladimir Putin —, Putin, Gavriil, ”, Callum Fraser, ” Fraser, “, Volodymyr Zelenskyy Organizations: Kremlin, Royal United Services Institute, NBC News, Kyiv Locations: Russia, It’s, Russian, Ukraine’s, Russia’s, London, Ukraine, Kursk

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