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☆ Zelensky to make urgent in-person plea to Biden and Harris as Ukraine braces for possibility of a Trump presidency
▼ + stars: | 2024-09-26 | by ( Kevin Liptak | Mj Lee | ) edition.cnn.com time to read: +8 min

CNN —Ukrainian President Volodymyr Zelensky’s visit to the White House on Thursday could be his final chance to convince a receptive American president of his country’s war aims. Even if Biden decides to allow the long-range fires, it’s unclear whether the change in policy would be announced publicly. The ongoing war between Ukraine and Russia is no exception, they say, insisting that Ukraine would continue to have the US’s unwavering support against Russian aggression under a Harris presidency. “Five days before Russia attacked Ukraine, I met with President Zelensky to warn him about Russia’s plan to invade. There is quiet recognition even inside the Biden administration that any reassurances Zelensky may receive from Biden and Harris this week on the US’s commitment to supporting Ukraine could all be for naught under a different American president.

Persons: Volodymyr Zelensky’s, ”, Joe Biden, Kamala Harris, Harris, Donald Trump, Biden, he’s, Trump, —, they’re, ” Trump, it’s, Zelensky, won’t, Mike Johnson, Jake Sullivan, it’s Putin, Harris Zelensky’s, JD Vance “, ” Zelensky, “ Organizations: CNN, White, Thursday’s, US, United Nations General Assembly, Republican Congressional, Capitol, Republican, MSNBC, Biden, Munich Security Conference, Democratic, Convention, NATO, Yorker Locations: Ukraine, Russian, Mint Hill, North Carolina, Washington, Russia, Italy

We’ve had challenges getting the prime minister across the line. “We stay up nights trying to figure out a way to get across the line on this ceasefire and hostage deal. And we have spoken out directly about our concern when we’ve seen the prime minister not take steps that we think are necessary to get to that deal,” he said. Vice President Kamala Harris has frequently cited the importance of reaching a ceasefire and hostage deal but hasn’t detailed any new approach in reaching an agreement. “Ultimately the thing that is going to unlock everything else in that region is getting this deal done,” she said last week.

Persons: Biden, Joe Biden, State James Baker, George Mitchell’s, “, ”, Bill Burns, Antony Blinken, Brett McGurk –, Blinken, Benjamin Netanyahu, We’ve, we’re, Jake Sullivan, we’ve, Sinwar, they’re, it’ll, Kamala Harris, “ I’m, I’ve, Yahya Sinwar Organizations: CNN, Hamas, State, United Nations, State Department, CIA, MSNBC, UN Locations: Gaza, Lebanon, East, Northern Ireland, New York, Israel, United States, American, Saudi Arabia

☆ UAE eyes ‘different architecture’ for a Middle East embroiled in conflict as it strengthens ties with the US
▼ + stars: | 2024-09-25 | by ( Mostafa Salem | ) edition.cnn.com time to read: +5 min

The UAE president’s visit to the US “was mostly and almost exclusively about the future,” Gargash said. One of the US’ closest allies in the Middle East and a major recipient of US arms, it hosts 5,000 US military personnel. Wary of being deprived of US technology, the UAE has since abandoned closer cooperation with China in the field of AI and semiconductors in favor of the US. Earlier this year, Abu Dhabi’s state-backed technology firm G42 announced it had agreed not to engage with Chinese companies for advanced technology. He said the two pillars of the UAE’s policy are stability and prosperity.

Persons: Biden, Kamala Harris, Jake Sullivan, Sheikh Mohammed bin Zayed, –, ” Biden, ” Sheikh Mohammed, ” Anwar Gargash, CNN’s Becky Anderson, ” Gargash, Abu, Donald Trump, Abu Dhabi’s, ”, Sheikh Mohamed, Gargash, Abu Dhabi Organizations: Abu Dhabi CNN, United, White, National, USA, UAE, Abu Dhabi, US Air Force, CNN, Biden, Huawei Technologies, Financial Times, NVIDIA, Blackrock, Microsoft, MGX Locations: Abu Dhabi, United Arab Emirates, Gaza, Lebanon, UAE, trailblazers, United States, Israel, China, Washington, Abu

☆ Biden proposes banning Chinese technology from ‘connected cars’ on U.S. roads
▼ + stars: | 2024-09-24 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

WASHINGTON — The U.S. Commerce Department on Monday proposed prohibiting key Chinese software and hardware in connected vehicles on American roads due to national security concerns, a move that would effectively bar Chinese cars and trucks from the U.S. market. The planned regulation, first reported by Reuters, would also force American and other major automakers in years ahead to remove key Chinese software and hardware from vehicles in the United States. President Joe Biden’s administration has raised concerns about data collection by connected Chinese vehicles on U.S. drivers and infrastructure and potential foreign manipulation of vehicles connected to the internet and navigation systems. The proposed prohibitions would prevent testing of self-driving cars on U.S. roads by Chinese automakers and extend to vehicle software and hardware produced by Russia and could be extended to other U.S. adversaries. The group said there is “very little” connected vehicle hardware or software “that enters the U.S. from China.

Persons: WASHINGTON, Joe Biden’s, Jan, Gina Raimondo, We’re, ”, Liz Cannon, Jake Sullivan, ” Sullivan, Lin Jian, Washington “ Organizations: The U.S . Commerce Department, Reuters, White House, The Commerce Department, U.S . Commerce, Commerce Department, Motors, Ford Motor, U.S, The, White, National, Foreign Ministry, Alliance, Automotive Innovation, GM, Toyota, Volkswagen, Hyundai Locations: The U.S, U.S, United States, Russia, China

☆ Biden proposes banning Chinese vehicles from U.S. roads with software crackdown
▼ + stars: | 2024-09-23 | by ( ) www.cnbc.com time to read: +5 min

The Biden administration has raised serious concerns about the collection of data by Chinese companies on U.S. drivers and infrastructure through connected vehicles as well as about potential foreign manipulation of vehicles connected to the internet and navigation systems. The planned regulation, first reported by Reuters, would also force American and other major automakers in the coming years to remove key Chinese software and hardware from vehicles in the United States. The U.S. Commerce Department on Monday proposed prohibiting key Chinese software and hardware in connected vehicles on American roads due to national security concerns - a move that would effectively bar nearly all Chinese cars from entering the U.S. market. The move is a significant escalation in the United States' ongoing restrictions on Chinese vehicles, software and components. The rules would apply to all on-road vehicles but exclude agricultural or mining vehicles not used on public roads.

Persons: Joe Biden, Biden, Gina Raimondo, Raimondo, We're, Jake Sullivan, Sullivan, Jan Organizations: White, White House, Reuters, U.S . Commerce Department, United, National, Embassy, U.S, The Commerce Department, Alliance, Automotive Innovation, General Motors, Toyota, Hyundai Locations: Rose, Washington ,, United States, U.S, Yantai, Shandong province, Russia, China, Washington

☆ US proposes ban on smart cars with Chinese and Russian tech
▼ + stars: | 2024-09-23 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +5 min

CNN —The US Commerce Department on Monday will propose a ban on the sale or import of smart vehicles that use specific Chinese or Russian technology because of national security concerns, according to US officials. The rule would not apply to cars already on the road in the US that already have Chinese software installed, a senior administration official told CNN. The software ban would take effect for vehicles for “model year” 2027 and the hardware ban for “model year” 2030, according to the Commerce Department. If millions more smart cars with vulnerable, Chinese-made tech are on US roads, “the risk of disruption and sabotage increases dramatically,” he said. “China opposes the US’s broadening of the concept of national security and the discriminatory actions taken against Chinese companies and products,” said Lin Jian, spokesman for China’s Foreign Ministry, in a statement.

Persons: Gina Raimondo, Commerce Department’s, Biden, Raimondo, ” Raimondo, “ We’ve, Jake Sullivan, ”, Lin Jian, CNN’s Shawn Deng Organizations: CNN, US Commerce Department, Commerce Department, Tesla, Commerce, PRC, House, China’s Foreign Ministry, Kaspersky Locations: China, Russia, United States, Europe, Russian

☆ Hezbollah, Israel exchange heavy fire after deadly Israeli strike
▼ + stars: | 2024-09-22 | by ( ) www.cnbc.com time to read: +3 min

Anadolu | Getty ImagesIsrael and Lebanon exchanged heavy fire into Sunday, with Israeli warplanes carrying out the most intense bombardment in almost a year of war across Lebanon's south, while Hezbollah claimed rocket attacks on military targets in Israel's north. The Israeli military said it struck around 290 targets on Saturday including thousands of Hezbollah rocket launcher barrels and said it would continue to strike targets of the Iran-backed movement. Israel closed schools and restricted gatherings in many northern areas of the country and the Israeli-occupied Golan Heights early on Sunday. Hezbollah said it targeted the Israeli Ramat David Airbase with dozens of missiles in response to "repeated Israeli attacks on Lebanon", the group posted on its Telegram channel early on Sunday. The successive barrages of rocket attacks launched by Hezbollah at Ramat David are the deepest strikes it has claimed since hostilities began.

Persons: Ibrahim Aqil, Ahmed Wahbi, Jake Sullivan, Sullivan, Najib Mikati Organizations: Anadolu, Getty Images, Ramat, Telegram, Ramat David, Lebanese, General Assembly Locations: Lebanon, Getty Images Israel, Lebanon's, Israel's, Iran, Israel, Golan, Iraq, Ramat David Airbase, Ramat, Washington, New York

Senior Biden administration officials told reporters ahead of the meeting that the leaders would announce plans to expand an Indo-Pacific Partnership for Maritime Domain Awareness, launched two years ago to include the Indian Ocean region. Analysts said the expected outcomes would mostly build on work that has already been done within the Quad, which Biden elevated to summit level in 2021. It is true in the South China Sea, the East China Sea, South China, South Asia and the Taiwan Strait,” Biden continued. “But I think China’s recent maritime aggression could be changing the equation for India and could be prompting India to become a bit more open to the idea of Quad security cooperation,” she said. Albanese told reporters on Thursday that Canberra and Washington share concerns about China’s security ambitions in Pacific islands countries where Beijing is seeking a growing policing role.

Persons: Joe Biden, Biden, Anthony Albanese, Narendra Modi, Fumio Kishida, Saturday’s, “, ”, Antony Blinken, he’s, ” Biden, Xi Jinping, Jake Sullivan’s, Sullivan, ” Sullivan, “ It’s, Lisa Curtis, Kishida, “ We’re, Donald Trump, Kamala Harris, Albanese, “ We’ll Organizations: United States, Australian, Anthony Albanese , Indian, Japanese, Biden, Pacific Partnership, Maritime, Indian, U.S . Coast Guard, Journalists, China’s, People’s Republic of China, Analysts, East China Seas, Center, New, New American Security, White House, CIA, State Department, congressional Locations: Australia, India, Japan, China, Anthony Albanese ,, Wilmington , Delaware, Southeast Asia, South China, East China, South Asia, Taiwan Strait, People’s Republic of, South, East, Beijing, Asia, New American, U.S, Canberra, Washington, Pacific

☆ Adi Alexander: Father of American hostage held by Hamas says Lebanon attacks treat ‘agony with more agony’
▼ + stars: | 2024-09-19 | by ( Michael Williams | ) edition.cnn.com time to read: +4 min

On Thursday Israel launched airstrikes against Hezbollah targets in southern Lebanon and on Wednesday Israeli Defense Minister Yoav Gallant stated a “new era” of war is beginning. Several of the hostage families are in Washington this week, just under three weeks from the anniversary of the October 7 attacks. Ronen Neutra, the father of Omer Neutra, said on Wednesday he was “horrified” by Goldberg-Polin’s death. How can it be that an American was murdered, and yet people are in the streets in New York cheering for Hamas? “As far as Prime Minister Netanyahu?

Persons: pagers, ” Adi Alexander, Edan Alexander, Jake Tapper, ”, Israel, Alexander, Tapper, Yoav Gallant, Joe Biden, “, Benjamin Netanyahu, Netanyahu, Biden, Iris Weinstein Haggai, “ It’s, we’re, ” Weinstein Haggai, Jake Sullivan, Hersh Goldberg, Goldberg, Ronen Neutra, Omer Neutra, I’m, ” Neutra, Jonathan Dekel, Chen, Sagui Dekel, ” Dekel, ” “, CNN’s Eugenia Yosef, Arlette Saenz Organizations: CNN, Thursday Israel, Wednesday Israeli, Israeli, United Nations General Assembly, Democratic National Convention, United Nations, General Locations: Gaza, Lebanon, New York, Washington, Israel, United

☆ David Lin: An American pastor held in a Chinese jail for nearly two decades is finally home
▼ + stars: | 2024-09-16 | by ( Jennifer Hansler | Nectar Gan | ) edition.cnn.com time to read: +3 min

David Lin, 68, was detained in China in 2006 after helping to construct an unapproved church building. Lin was one of three Americans deemed by the US State Department to have been wrongfully detained in China. “We welcome David Lin’s release from prison in the People’s Republic of China,” a spokesperson for the US State Department said in a statement Sunday. While in prison, Lin received several sentence reductions and was scheduled to be released in 2029, according to the Dui Hua Foundation. “I am extremely glad to hear David Lin was freed,” Rep. Michael McCaul said Sunday in a statement on social media.

Persons: Biden, David Lin, Lin, Kai Li, Mark Swidan, David Lin’s, ”, Antony Blinken, Jake Sullivan, Joe Biden, Xi Jinping, “, Michael McCaul, — Organizations: CNN, State Department, US State Department, National Security, Communist Party, Hua Foundation Locations: United States, Beijing, China, People’s Republic of China, San Fransisco, US, San Francisco

☆ OpenAI, Anthropic and Google execs meet with White House to talk AI energy and data centers
▼ + stars: | 2024-09-12 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

Leaders at OpenAI, Anthropic, Microsoft , Google and several American power and utility companies met Thursday at the White House to discuss the future of artificial intelligence energy infrastructure in the U.S., sources familiar with the meeting told CNBC. An OpenAI spokesperson told CNBC that the company believes building additional infrastructure in the U.S. is critical to the country's industrial policy and economic future. by ensuring data-centers are built in the United States while ensuring the technology is developed responsibly," White House spokesperson Robyn Patterson told CNBC. White House chief of staff Jeff Zients and White House deputy chief of staff Bruce Reed also attended, according to a source. Anthropic counts Amazon as a leading investor, while OpenAI is heavily backed by Microsoft.

Persons: Sam Altman, Dario Amodei, Ruth Porat, OpenAI, Biden, Harris, Joe, Kamala, Robyn Patterson, Gina Raimondo, Jennifer Granholm, Jake Sullivan, Ali Zaidi, Kristine Lucius, John Podesta, Jeff Zients, Bruce Reed, Anthropic, government's Organizations: Microsoft, Google, White, CNBC, CNN, U.S . National, White House, AI Safety, Department of Commerce, National Institute of Standards, Technology, Biden Locations: U.S, America, Wisconsin , California , Texas, Pennsylvania, A.I, United States

☆ Mr ChatGPT and other AI power players are going to the White House to discuss AI’s massive thirst for energy
▼ + stars: | 2024-09-12 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

The meeting, which hasn’t been previously reported, is the first time senior White House officials will sit down with tech company leadership to discuss how to quench AI’s insatiable thirst for energy. The source said the White House expects to detail how the public and private sector can work together to maintain US leadership in AI in a sustainable way. AI is expected to spark a 160% surge in power demand from data centers by 2030, according to Goldman Sachs. Exowatt just launched a new system that can generate and store clean energy to AI data centers. Other US officials expected to attend Thursday’s AI power meeting include White House Chief of Staff Jeff Zients, National Economic Adviser Lael Brainard, National Security Adviser Jake Sullivan and top climate officials Ali Zaidi and John Podesta.

Persons: Sam Altman, Ruth Porat, Dario Amodei, hasn’t, Jennifer Granholm, Gina Raimondo, Harris, Joe Biden, Kamala Harris, Biden, Goldman Sachs, Altman, ”, ” Altman, “, Robyn Patterson, Jeff Zients, Lael Brainard, Jake Sullivan, Ali Zaidi, John Podesta, Oprah Winfrey, Bill Gates Organizations: CNN, White, Google, White House, Wall, . Energy, Biden, Microsoft, International Energy Agency, Washington Post, United, “, National Economic, National, ABC Locations: America, Washington, United States, Exowatt

Craig, the former mayor of Manchester, beat out Cinde Warmington, a former health care lobbyist and a member of the state’s Executive Council, in the Democratic primary. Tuesday’s winners will quickly move into a rapid eight-week general election campaign to replace Republican Gov. She held a wide lead in most polls of the GOP primary, allowing her to set her sights early on the general election. Meanwhile, Maggie Goodlander defeated Colin Van Ostern in a contentious and expensive Democratic primary in New Hampshire’s 2nd Congressional District, the AP projected. The winner of the primary will enter the general election as the favorite in the blue-leaning 2nd District.

Persons: Kelly Ayotte, Joyce Craig, Chuck Morse, Craig, Cinde, Chris Sununu, Amy Walter, ”, Warmington, Maggie Goodlander, Colin Van Ostern, Van Ostern, Goodlander, Jake Sullivan, Hillary Clinton, Annie Kuster, who’s Organizations: Associated Press, GOP, Democratic, Republican Gov, Purdue Pharma, Manchester, Congressional District, AP, Biden White House, Justice Department, Council, White House, District Locations: New Hampshire, Northeastern, Manchester, state’s, New Hampshire’s

☆ U.S. and Chinese military commanders speak by phone for the first time in years
▼ + stars: | 2024-09-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Courtney-Kube-Circle-Byline-Template.Jpg | Courtney Kube | ) www.nbcnews.com time to read: +4 min

The call was the first time in years that the two regional military commanders have engaged in a formal conversation. Citing multiple recent “unsafe interactions” between China’s People’s Liberation Army and U.S. allies, Paparo said the Chinese military had an obligation “to comply with international laws and norms to ensure operational safety,” the readout said. Paparo also urged the Chinese military to reconsider what he said was its use of “dangerous, coercive and potentially escalatory tactics in the South China Sea and beyond,” it added. Both countries announced plans for a call between their military theater commanders after a visit to Beijing late last month by Jake Sullivan, Biden’s national security adviser. A phone call raises the possibility of another in-person meeting between the two leaders before the end of Biden’s term.

Persons: WASHINGTON, Adm, Samuel Paparo, Wu Yanan, Paparo, Wu, John Aquilino, Xi Jinping, Nancy Pelosi, Joe Biden, Xi, Jake Sullivan, Biden, Courtney Kube, Carol E, Lee, Jennifer Jett Organizations: United, United States ’, Pacific Command, China’s, Chinese Ministry of Defense, People’s Liberation Army, U.S, Theater, Eastern, Command, South China, Philippine, Daily, Global Times Locations: United States, U.S, South China, South, Taiwan, China, Beijing, Taiwan Strait, Philippines, Philippine, Manila, California, Washington, Hong Kong

☆ US and Chinese commanders hold rare talks to dial down risk of ‘miscalculation’
▼ + stars: | 2024-09-10 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —American and Chinese military commanders spoke in a long-anticipated call Tuesday as the two powers seek to manage their intensifying rivalry in a contentious Asia-Pacific region – and repair lines of military communication severed more than two years ago. Analysts have long warned that a miscalculation in the South China Sea could quickly spiral into a damaging regional conflict between the world’s two largest economies and that a lack of communication could compound those risks. Tuesday’s call marks a rare point of contact between top military officials leading American troops in the Indo-Pacific and Chinese strategy in the Southern and Eastern theater respectively. It comes within a broader, gradual resumption of high-level military communication following a meeting between US President Joe Biden and Chinese leader Xi Jinping in November. Top US and Chinese generals spoke in December after more than a year of silence, and US and Chinese defense chiefs held rare talks on the sidelines of a defense gathering in Singapore in May.

Persons: Pacific Command Adm, Samuel Paparo, Wu Yanan, Army’s, Nancy Pelosi, Jake Sullivan, “ Paparo, ”, Washington’s, Joe Biden, Xi Jinping, Biden Organizations: Hong Kong CNN —, Pacific Command, PLA, Southern Theater Command, Communist Party, White House, Analysts Locations: Hong Kong, Asia, China, South, Taiwan, Beijing, South China, Philippine, Philippines, Washington, Russia, Southern, Eastern, Singapore

☆ New Hampshire 2nd Congressional District Primary Election Results
▼ + stars: | 2024-09-10 | by ( ) www.nytimes.com time to read: 1 min

Maggie Goodlander, a lawyer whose husband, Jake Sullivan, serves as President Biden’s national security advisor, is favored to win the Democratic primary race against Colin Van Ostern, a former candidate for governor. The winner will likely defeat whichever Republican emerges from a crowded primary field, claiming the seat vacated by Representative Annie Kuster, who is retiring.

Persons: Maggie Goodlander, Jake Sullivan, Colin Van Ostern, Annie Kuster Organizations: Democratic, Republican

☆ Harris and Trump battle to be the 'change' candidate: From the Politics Desk
▼ + stars: | 2024-09-09 | by ( The Politics Desk | ) www.nbcnews.com time to read: +7 min

In today’s edition, senior political editor Mark Murray looks at how Kamala Harris and Donald Trump are trying to position themselves as the candidate of change. Poll shows Trump winning the 'change' argument — for nowBy Mark MurrayIt’s not too surprising that the latest national New York Times/Siena College poll finds a razor-close contest between Donald Trump and Kamala Harris. In the NYT/Siena poll, 25% of likely voters said Harris represents major change and 15% said she represents minor change, while 55% said she represents more of the same. That’s compared with 53% of voters who see Trump as representing major change, 8% as minor change, and 34% as more the same. Breaking barriers in Delaware: State Sen. Sarah McBride is expected to take another step toward becoming the first transgender person elected to Congress.

Persons: Mark Murray, Kamala Harris, Donald Trump, Mark Murray It’s, It’s, Trump, Harris, Chuck Todd, “, Harris ’, Joe Biden’s, —, ” Harris, Biden, ” Trump, ” We’re, it’s Trump, Adam Wollner, Alexandra Marquez, Adam Edelman Tomorrow’s, Sen, Kelly Ayotte, Chris Sununu, Chuck Morse, Ayotte, Joyce Craig, Cinde Warmington, Amy Walter, Maggie Goodlander, Colin Van Ostern, Annie Kuster, who’s, Goodlander, Jake Sullivan, Hillary Clinton, Van Ostern, John Lynch, State Sen, Sarah McBride, McBride, Lisa Blunt Rochester, Tom Carper, Blunt Rochester, she’s, Maryland’s Angela Alsobrooks, hat’s Organizations: NBC, White House, Capitol, Trump, New York Times, Siena, it’s Trump who’s, Rhode, Republican, Democrats, Manchester, Democratic, Biden White House, Justice Department, Council, Rep, Delaware’s, Democratic National Convention, Delaware Democrat, Senate Locations: Siena, New Hampshire , Delaware, North Carolina, state’s, New Hampshire, Granite, Kuster, Delaware, State, Congress

Van Ostern jumped into the race first, quickly earning Kuster’s endorsement. Tensions have heightened in the closing weeks of the race, with money flowing in and one high-profile Van Ostern backer — former Gov. Focus on reproductive rightsGoodlander and Van Ostern have particularly sharpened their attacks against each other over reproductive rights. In her rebuttal, Goodlander told him, “Colin, you were the spokesman for an anti-choice congressman. Lynch, the former governor who endorsed Van Ostern early on, opted to back Goodlander instead.

Persons: Colin van Ostern, Maggie Goodlander, Annie Kuster, Van Ostern, Amy Walter, Goodlander, Jake Sullivan, Hillary Clinton, Van, —, John Lynch —, — Kathy Sullivan, Ned Helms —, Joe Foster, Sylvia Larsen, ” Van Ostern, he’s, clerking, Stephen Breyer, Roe, Wade, “ I’ve, ”, ” Goodlander, Arizona GOP Sen, John McCain, Justin Amash, Donald Trump, Dan Driscoll, Goodlander’s, “ Colin, Jim Turner, it’s, we’re, Lynch, Colin, ” Lynch, “ Organizations: Congressional District, Former New Hampshire, Department of Justice, Democratic, White House, Hampshire, Democratic Party, NBC News, New, NBC, Supreme, Justice Department, WMUR, Republicans, Arizona GOP, Texas Democratic, Congress, Vote Locations: New Hampshire’s, Washington, New Hampshire, Arizona

☆ JPMorgan downgrades its opinion on China, but still likes these individual stocks
▼ + stars: | 2024-09-08 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Instead, JPMorgan increased its overweight recommendations on other emerging markets. Even after the change, JPMorgan still holds 18 China stocks in its global emerging markets model portfolio. The JPMorgan analysts said uncertainties about the China economic outlook range from tensions with the U.S. to "lingering deflation pressure." During three periods of escalating U.S.-China trade tensions in 2018 and 2019, the MSCI China index fell each time, according to JPMorgan China Equity Strategist Wendy Liu. As part of its China stock downgrade, JPMorgan added shares of state-owned utility operator CR Gas , while removing shares of PDD, China Construction Bank and Kingdee International.

Persons: Pedro Martins, Chetan Seth, Jake Sullivan, Kamala Harris, Joe Biden's, Harris, Donald Trump, Wendy Liu, ByteDance, — CNBC's Michael Bloom Organizations: JPMorgan, Wednesday, Sunday, Reuters, Nomura's, Nomura, JPMorgan China Equity, CR Gas, China Construction Bank, Kingdee International, Kuaishou Technology, Meituan, Hong Locations: China, U.S, Nomura's Asia, Japan, Beijing, PDD, Hong Kong, Thursday's

☆ Trump and Biden agree: The US should finally start a sovereign wealth fund
▼ + stars: | 2024-09-08 | by ( Lakshmi Varanasi | Katie Balevic | ) www.businessinsider.com time to read: +5 min

So it is noteworthy that Democratic and Republican leaders both appear to want to establish a sovereign wealth fund to help the United States pay for stuff. Saudi Arabia's Public Investment Fund, which manages about $925 billion in assets, reported a $36.8 billion profit for 2023, according to Reuters. This isn't the first time Washington has toyed with the idea of a sovereign wealth fund. Last March, a group of bipartisan lawmakers led by Sen. Angus King and Sen. Bill Cassidy began discussing a sovereign wealth fund to pay for Social Security. The White House's interest in a sovereign wealth fund stems partly from its desire to compete with China, which has multiple state-owned funds itself.

Persons: —, Joe Biden, Jake Sullivan, Daleep Singh, Biden, Donald Trump, LIV Golf, Sen, Angus King, Bill Cassidy, Mitt Romney, John Paulson, Larry Summers Organizations: Service, Democratic, Republican, National, Bloomberg, Business, White, Economic, of New, Fund, Reuters, Norges Bank Investment Management, Saudi Arabia's Public Investment Fund, Blackstone, LIV, Social Security, America, Bloomberg Television Locations: United States, of New York, Saudi Arabia, Norway, Norway's, PIF, Heathrow, American, Washington, China

Washington CNN —Vice President Kamala Harris has met more than 150 world leaders since becoming vice president. Still, Harris has not always been the first phone call for foreign leaders or officials looking to get a line into the White House. UkraineA month after Russia invaded Ukraine, Harris was dispatched to NATO’s eastern flank on a reassurance mission – one that also came with some sensitive diplomatic smoothing-over. For a foreign policy novice with aspirations for higher office, the war in Ukraine was a rigorous introduction to wartime diplomacy. She has vowed to continue to support Ukraine and impose costs on Russia,” an aide to the vice president said.

Persons: Kamala Harris, Benjamin Netanyahu, Joe Biden, ”, Biden, Harris ’, Harris, she’s, Donald Trump, –, Dana Bash, “, Dana, haven’t, —, Israel Harris, Netanyahu, Israel –, ” Harris, Harris “, Israel ”, Xi Jinping, Phil Gordon, Rebecca Lissner, Dean Lieberman, Antony Blinken, ” Lieberman, Volodymyr Zelensky, Nancy McEldowney, ” McEldowney, don’t, Jake Sullivan, John Kerry, Emmanuel Macron, Biden –, – Harris Organizations: Washington CNN —, Israeli, Democratic, Republicans, CNN, Biden, White, Israel, White House, American, United Nations General Assembly, UN, ”, Aboard Air Force, NATO, Munich Security Conference, “, Munich Security, Ukraine, Rue Coquilliere Locations: Afghanistan, Gaza, Israel, Ukraine, United States, New York, Washington , DC, Michigan, Pennsylvania, Port, Prince, Haiti, Russia, Poland, Warsaw, Washington, Romania, Munich, France, Paris, White, Rue

☆ Biden’s National Security Adviser Will Visit China Next Week
▼ + stars: | 2024-08-23 | by ( Michael D. Shear | More About Michael D. Shear | ) www.nytimes.com time to read: +1 min

Jake Sullivan, the national security adviser at the White House, will travel to China next week to meet with Wang Yi, the country’s foreign minister, in their latest high-level meeting aimed at defusing tensions. “These meetings are consistent with efforts to maintain this strategic channel of communication to responsibly manage the relationship,” said Sean Savett, a spokesman for the National Security Council. Mr. Sullivan’s visit will be his fifth face-to-face meeting with Mr. Wang but his only trip to Beijing since the start of the Biden administration. It will also be the first by a U.S. national security adviser since Susan Rice traveled to China on behalf of President Barack Obama in 2016. A senior administration official, who spoke on the condition of anonymity to comment on diplomatic discussions, said Mr. Sullivan and Mr. Wang would discuss potential issues of cooperation, such as efforts to limit the spread of fentanyl, as well as areas where the two countries are locked in disputes, including the future of Taiwan.

Persons: Jake Sullivan, Wang Yi, ”, Sean Savett, Sullivan’s, Wang, Biden, Susan Rice, Barack Obama, Sullivan Organizations: White, National Security, U.S Locations: China, Beijing, Taiwan

☆ Russian banks are grappling with liquidity issues as US sanctions choke supply of yuan
▼ + stars: | 2024-08-13 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Russian banks are running low on yuan, Bloomberg reported. AdvertisementAn intensifying supply crunch in the Chinese yuan has pressured Russians to embrace a costlier method of securing the needed currency, Bloomberg reported. With the yuan liquidity shortfall doubling, Russian firms have grown increasingly dependent on yuan swaps provided by the Bank of Russia, Bloomberg said, but borrowing the yuan this way comes at a higher rate. This hasn't stopped yuan swap activity from ballooning. But even before the fresh sanctions package took effect this summer, Chinese banks were already halting yuan payments with Russia over fears of Western repercussions.

Persons: That's, —, Bloomberg, Jake Sullivan Organizations: Bloomberg, Service, Bank of Russia, US, Treasury Department, National, Carnegie Russia Eurasia Center Locations: Moscow, Beijing, Russia, Ukraine, China

“Any assessment that Iran is assigning lethal operations to a ‘B team’ misses the utility of nonofficial actors," said Roule, currently affiliated with United Against Nuclear Iran. Officials say they see no connection between that plot and the shooting of Trump in Pennsylvania by a local resident who had researched mass shootings and political assassinations. In 2021, the Justice Department charged four alleged Iranian intelligence operatives with trying to kidnap Masih Alinejad. “We have said many times that we have been tracking Iranian threats against former politicians,” she said this week. Neither President Joe Biden nor Vice President Kamala Harris has commented on the alleged Iranian assassination plots.

Persons: ”, Kenneth Katzman, don’t, “, ” Katzman, “ There’s, they’ve, Norm Roule, ’, Roule, aren't, Asif Merchant of, Donald Trump, John Bolton, Qassem Soleimani, New York —, Masih Alinejad, Alinejad, General Merrick Garland, we’ve, Steven M, Bolton, Biden, it’s, It’s, —, Jake Sullivan, Sean Savett, … The, Harris, White, Karine Jean, Pierre, “ We’ve, Qassem, …, Biden’s, John Kirby, ” Adrienne Watson, Joe Biden, Kamala Harris, Trump, Mike Turner Organizations: FBI, Soufan Center, Congressional Research Service, CIA, United Against Nuclear, Iran’s Revolutionary, Quds Force, Administration, D.C, Justice Department, Eastern, NBC News, Roule, Bolton, National Security Council, … The Biden, NBC, ., White, Indian, ” Locations: Iran, United States, U.S, U.S . Iran, United Against Nuclear Iran, Asif Merchant of Pakistan, Texas, Trump, Pennsylvania, Saudi, Washington, New York, Brooklyn , New York, Bolton, Tehran, Europe, Canada

In May, former President Donald Trump declared that he was the only person who could obtain the release of Wall Street Journal reporter Evan Gershkovich from a Russian prison. That’s the way it should be, or this situation will get worse and worse.”Facts First: Trump’s claim that he gave opposing countries “NOTHING” to secure the freedom of American prisoners is false. “The previous administration also conducted prisoner exchanges. It’s not easy.”FactCheck.org debunked this Trump claim about his record on securing the release of American prisoners abroad when he previously made it in 2022. Read more here about four prisoner exchanges under Trump.

Persons: Donald Trump, Evan Gershkovich, Joe Biden, Gershkovich, Trump, ’, Jake Sullivan, John Kirby, Whelan, Trevor Reed, Biden, “, …, You’ve, It’s, FactCheck.org, Read Organizations: Wall Street, Biden White House, National Security, CNN, Trump Locations: Russia

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