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Russia has confirmed plans to raise a tax on foreign companies quitting the country. AdvertisementRussia has confirmed it will make it more expensive for foreign companies to quit the country. In March, RBC reported companies leaving Russia had already paid 35.7 billion rubles, or about $387 million, into Russia's budget. The process of leaving Russia is often complex, thorny, and costly. AdvertisementIn March, a Reuters analysis found that foreign companies had incurred costs of more than $107 billion in writedowns and lost revenue.
Persons: , Anton Siluanov, Siluanov, McDonald's, Alexei Moiseyev, Yuri Nikolaev, Nikolaev, LeaveRussia Organizations: Service, RBC, Partners, Kyiv Institute of Economics Locations: Russia, Ukraine, Russian, writedowns, West
North Korea got a good deal by sending its officials to help Russia's Ukraine war, experts said. In a discussion on Monday, Ukrainian President Volodymyr Zelenskyy said: "North Korea has, in fact, entered the war," per state-run outlet United24 Media. Even limited numbers of North Korean officials aiding Russia offers a vital boost for Kim Jong Un and his regime, experts told Business Insider. "It's a win-win situation," Joseph S. Bermudez Jr., a North Korea defense expert at the Center for Strategic and International Studies, said. Among the North Korean elite, there's also a hunger for consumer goods, which Russia's support can help to provide, Bennett said.
Persons: , Kim Jong Un, Volodymyr Zelenskyy, Kim, Joseph S, Bermudez Jr, He's, Bruce W, Bennett, Bermudez, they're, there's, Vladimir Putin Organizations: Service, Business, United24, Washington Post, Kremlin, North, Russia, Center for Strategic, International Studies, RAND, North Korean, Carnegie Endowment, International, Foreign Relations Locations: Korea, Ukraine, Russia, Ukrainian, North Korea, North Koreans, Koreans, Kyiv, Pyongyang, Moscow
Russia lost one of its new S-70 Okhotnik (Hunter) drones earlier this month. The UK MOD said that Russia likely lost control and shot it down to prevent it falling into Ukrainian hands. AdvertisementA Russian heavy combat drone that crashed in Ukraine this month was shot down by Russia, likely to try to stop it from falling into Ukrainian hands, according to the UK's Ministry of Defence. On Tuesday, UK intelligence said that it's likely that Russia, having lost control of the drone, "took the decision to destroy the aircraft to avoid it falling into enemy hands." Russia's S-70 drone is seen taking off at an unidentified location in August 2019.
Persons: , Russia's, Russia's Su, Samuel Bendett Organizations: MOD, Service, UK's Ministry of Defence, Washington D.C, Russian Defense Ministry Press Service, Institute for, Ukraine, NATO, Center for Naval Locations: Russia, Ukraine, Kostyantynivka, Ukraine's Donetsk, Russian
Taylor Swift has topped Forbes' list of the wealthiest female musicians. Swift's estimated $1.6 bn net worth comes mainly from music sales and performances. AdvertisementTaylor Swift has topped the ranking of the world's wealthiest female musicians, according to Forbes, which as of Tuesday estimated her net worth at $1.6 billion. That sees her overtake Rihanna, estimated by Forbes to have a net worth of $1.4 billion. (Jay-Z, the musician with the highest net worth on Forbes' ranking, got at least half of his estimated $2.5 billion net worth through his liquor business, per Forbes.)
Persons: Taylor Swift, Rihanna, Jay, , Swift, Forbes, Swan, Brad Pitt, James Cameron, Vittorio Zunino Celotto, Stella McCartney, Kylie Jenner Organizations: Forbes, Service, Paris, Ticketmaster, Associated Press, Disney, Capital, Apple, Los Angeles Times Locations: Forbes, Milan
Lithuanian customs intercepted military supplies leaving the Russian exclave of Kaliningrad. Lithuania, once part of the Soviet Union, is one of Ukraine's largest donors, in terms of GDP. AdvertisementLithuanian customs officials say they intercepted shipments of military supplies en route by rail to Moscow — and sent them straight to Ukraine. Lithuania is the most direct route for goods passing from Kaliningrad to Russia. In terms of aid sent to Ukraine as a percentage of GDP, it comes behind only Denmark and Estonia, according to the Kiel Institute for the World Economy's aid tracker.
Persons: , Moscow —, Vladimir Putin's, Ukraine's, Lithuania's, Ingrida Šimonytė, Putin Organizations: Service, Kyiv Independent, Kiel Institute Locations: Russian, Kaliningrad, Ukraine, Lithuania, Soviet Union, Moscow, Poland, Russia, Vilnius, Denmark, Estonia, Latvia
Russia's defense industry is short some tens of thousands of skilled laborers. Demographic trends and policies further strain Russia's labor force and defense industry. AdvertisementRussia does have one largely untapped source of labor for the defense industry: women. AdvertisementThe decline in Russia's labor force is forecast to continue until 2040, Massicot wrote. This would make bringing women into defense manufacturing a hard cultural and political pivot, Massicot said on X.
Persons: , Vladimir Putin, Dara Massicot, Massicot, Putin, El País, Health Mikhail Murashko Organizations: Service, BBC, Carnegie Endowment, International, Workers, American Welding Society, Russian Academy of Science's Institute of Economics, Reuters, Russia's, Health Locations: Ukraine, Russia, BBC Russia, Eurasia, El
CERN is revoking access for 500 Russian scientists over the Ukraine war, cutting them off from key facilities. But experts say the move is a major setback for Russian science, and is fueling brain drain. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Pierre Albouy/ReutersTriggering a Russian brain drainScientific experts, including several with working ties to CERN, spoke about the consequences to Russia and the wider scientific community. Advertisement"The relationship with Russian scientists has always been very strong because they have a very long and very good reputation in particle physics," Grimes said.
Persons: , Denis Balibouse, Mikhail Kovalchuk, Sidortsov, Vladimir Putin, CERN's, Pierre Albouy, Kate Shaw, Roger Cashmore, Robin Grimes, Putin, Grimes, Lionel Flusin, It's, Arnaud Marsollier, Marsollier, Anja Niedringhaus, Tara Shears, Shaw Organizations: CERN, Service, European Organization for Nuclear Research, Collider, Joint Institute for Nuclear Research, Reuters, Kremlin, TASS, Kurchatov Institute, UK's University of Sussex, London's Imperial College, Foreign, Commonwealth Office, Getty, Novaya Gazeta Europe, Nature, CERN's Globe, UK's University of Liverpool Locations: Ukraine, Geneva, Switzerland, Russia, Belarus, Moscow, Europe, Russian, Soviet, Novaya, CERN's
The strike led to fears of a potential escalation in Russian attacks on the Black Sea grain corridor. But according to the UK MOD, it was likely an error caused by poor procedures and aging munition. Tonight, Russia launched a strike on an ordinary civilian vessel in the Black Sea right after it left Ukrainian territorial waters. Related storiesSince its exit from the Black Sea grain initiative, Russia's attacks on Ukrainian naval export abilities have been largely limited to striking ports, and — it's widely believed — dropping naval mines. Despite the potential for economic warfare, Russia has good reason to avoid escalating the threat to shipping in the Black Sea, Ambrey wrote.
Persons: , Saint, nNCqNDVfJV, Volodymyr Zelenskyy, Aya, Ambrey, Володимир Зеленський Organizations: MOD, Service, UK Ministry of Defence, Foreign Relations Locations: Ukraine, Egypt, Russian, Saint Kitts, Nevis, Ukraine's, Odesa, Romania's, Russia, Ukrainian, Sevastopol, Crimea, Novorossiysk
Russia appears to have finally seized Vuhledar, a key frontline town in eastern Ukraine. AdvertisementRussia appears to have gained control over a key Ukrainian frontline town, military experts said, as the town's governor described a difficult situation for Ukraine there. Citing open sources and pro-Russian military bloggers, the Institute for the Study of War said that as of Tuesday, "Russian forces likely seized Vuhledar." Russian forces have been seen moving freely about the town and planting flags there, the ISW reported. Advertisement"It is unclear if Russian forces will make rapid gains beyond Vuhledar in the immediate future," the think tank added.
Persons: Vuhledar, , Vadym Filashkin, Filashkin, Vladimir Putin, Federico Borsari Organizations: Service, Institute for, Kyiv Post, , Ukrainian Armed Forces, Reuters, Human Rights, Politico, 155th Naval Infantry Brigade, Kyiv Independent, Center for Locations: Russia, Ukraine, Ukrainian, Russian, Vuhledar's, Ukraine's, Donetsk, Kyiv, Moscow, Donetsk Oblast, Vuhledar, Pokrovsk
A judge has allowed a defamation lawsuit against Netflix's 'Baby Reindeer' to move forward. AdvertisementA judge has said that "Baby Reindeer" was wrongly labeled as a "true story," opening the way for a defamation lawsuit from the real-life "Martha" portrayed in the show to proceed. "Baby Reindeer" — a massive hit for Netflix — was first released in April. Jessica Gunning as Martha Scott in "Baby Reindeer" and Fiona Harvey on "Piers Morgan Uncensored." Related stories"Believing the series to be true, viewers immediately got to work trying to identify the real Martha," it added.
Persons: Netflix's, Fiona Harvey, Martha, Harvey, , Richard Gadd, Netflix —, Gadd, it's, Donny Dunn, Martha Scott, Jessica Gunning, Piers Morgan, Gary Klausner, Klausner's, Ed Miller, Dunn, Harvey —, Klausner Organizations: Netflix, Service, Sunday Times
An aide to the Hungarian PM was criticized after suggesting Hungary wouldn't have resisted a Russian invasion. He referred back to a 1956 uprising in Budapest, which the Soviet Union brutally repressed. He said it was "irresponsible" to resist, citing the number of dead in the Ukraine war. He said this was because Hungary had tried and failed to resist the Soviet Union in 1956. Viktor Orbán is Russian President Vladimir Putin's closest ally in the European Union, a position that has put him strongly out of favor in the bloc.
Persons: Hungary wouldn't, , Viktor Orbán, Balázs Orbán, Zelenskyy, Hungary —, Vladimir Putin's, Donald Trump, Putin, Trump Organizations: PM, Soviet Union, Service, Politico, European Union, Fidesz Locations: Hungary, Russian, Budapest, Ukraine, Hungarian, Soviet Union, Russia
Over a million homes and businesses were left without power in Florida. A store owner in Tarpon Springs, Florida, fortifying a window with plywood in preparation for Hurricane Helene Joe Raedle/Getty ImagesAround 1.2 million homes and businesses in Florida lost power, according to poweroutage.us, a utilities-tracking website. ET on Friday, more than 3 million customers across Georgia, North Carolina, South Carolina, Florida, and Virginia were without power, per the site. Many schools, such as those in Broward and Monroe Counties, and universities like the University of Florida and Florida State University, canceled classes through Friday. Businesses across Florida, including Tampa's city offices, closed as well, with plans to reopen once it is safe, CBS News reported Thursday.
Persons: Hurricane Helene Joe Raedle Organizations: Hurricane, Tampa International, St, Pete, Fort, CBS News, Monroe Counties, University of Florida, Florida State University, CBS Locations: Florida, Tarpon Springs , Florida, Georgia, North Carolina, South Carolina , Florida, Virginia, Clearwater, Miami, Fort Lauderdale, Broward, Monroe
Read previewRussia is tapping China to build long-range attack drones for use in its war against Ukraine, Reuters reported. The report stated that Russia had created a secret weapons program in China, citing documents as well as two unnamed sources from a European intelligence agency. AdvertisementBut prior to the Reuters report, it was thought that China stopped short of transferring entire weapons systems to Russia. "Let's be absolutely clear about it: China does not want Russia to lose this war," Nixey said. AdvertisementThe war, he said, "is a symbol and a forebear of Western ability, Western spine, Western political will to defend the rules-based international order."
Persons: , IEMZ, Kupol, G3s, James Nixey, shouldn't, Nixey, Kurt Campbell, Sari Arho Havrén, NATO's, Farah Dakhlallah, Dakhlallah Organizations: Service, Ukraine, Reuters, Business, Russian Ministry of Defence, US, Royal United Services Institute Locations: Russia, China, Russia's, Ukraine, Russian, Izhevsk, Eurasia, Brussels, Europe
Donald Trump highlighted Russia's military prowess during a rally on Tuesday. He praised Russia's military history and mocked Biden's commitment to aiding Ukraine. Trump also said that the US would be "stuck" in the Ukraine war unless he became president. Go to newsletter preferences Thanks for signing up! AdvertisementFormer President Donald Trump hyped Russia's military record in a rally speech on Tuesday, where he argued again for ending US involvement in the war in Ukraine.
Persons: Donald Trump, Trump, , Napoleon Bonaparte Organizations: Service, Business Locations: Ukraine, Savannah , Georgia, Soviet, Russia
A rare coin found in a man's change is estimated to be worth nearly $1,000 at auction. The coin looks a lot like an ordinary UK 20p piece, which would be worth about 35 cents. Go to newsletter preferences Thanks for signing up! AdvertisementA man was handed a nondescript coin as part of his change while buying lunch. The coin has now been estimated to be worth nearly $1,000, around 2,800 times its face value.
Persons: it's, Organizations: Service, RWB, Business
Cathay Pacific banned two passengers after a dispute over a reclining seat on a flight, reports say. The couple began heckling a woman in front who declined to straighten her seat at their request. Go to newsletter preferences Thanks for signing up! AdvertisementA pair of Cathay Pacific customers are no longer welcome on the airline after a row kicked off with another passenger over a reclining seat, according to multiple reports. The disagreement occurred when a woman refused to put her seat up at the request of a couple behind her.
Persons: Organizations: Cathay Pacific, Service, Cathay, CNN, Business Locations: Cathay Pacific, Hong Kong, London
Read previewA Ukrainian battalion shared nighttime footage of one of its "dragon drones" breathing fire on a Russian position in Ukraine, setting a line of trees ablaze. This story is available exclusively to Business Insider subscribers. Nighttime footage of a Ukrainian dragon drone covering a Russian-held treeline with molten thermite, setting multiple Russian positions ablaze. However, news reports suggest Russia may also have produced its own version of the "dragon drone," DW reported. AdvertisementJames Patton Rogers, a drone expert and executive director of the Cornell Brooks Tech Policy Institute, told Business Insider this month that the tactic can force a retreat.
Persons: , it's, James Patton Rogers, Patton Rogers Organizations: Service, 205th, Territorial Defense Forces, Business, 241st, 92nd Assault Brigade, Russian, Deutsche Welle, Cornell Brooks Tech Policy Institute Locations: Ukraine, Ukrainian, Russian, Zaporizhzhia, Ukraine's, Donetsk, Kursk, Russia
Italian authorities have requested heightened security around Mike Lynch's sunken superyacht. Watertight safes on board the Bayesian may hold sensitive intelligence data, sources told CNN. 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 . AdvertisementItalian authorities have requested heightened security around Mike Lynch's sunken superyacht, over fears that safes on board contain highly sensitive intelligence data, according to reports.
Persons: Mike Lynch's, Lynch, Organizations: CNN, Service, Business Locations: Sicily, British
Armenia's prime minister said Putin's NATO-style alliance, the CSTO, "creates threats" for his country. Armenia recently froze its membership in the CSTO, which was seen as a blow to Putin. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA former close ally of Russia said that President Vladimir Putin's NATO-style alliance, far from offering security guarantees, now "creates threats" for his country. Armenia recently froze its membership in the six-nation Collective Security Treaty Organization of post-Soviet states, which has been seen as Putin's answer to NATO.
Persons: Armenia's, , Vladimir Putin's Organizations: NATO, Service, Vladimir Putin's NATO, Security, Organization, Business Locations: Armenia, Russia, Kazakhstan, Belarus, Kyrgyzstan, Tajikistan
On Monday, Putin ordered the army to increase its troops by 180,000, per a decree published by the Kremlin. This will raise the overall number of Russian military personnel to 2.38 million people, with 1.5 million of them being active soldiers. AdvertisementThe gear coming off the production line "will still be substantial," Reynolds told BI in an interview on Wednesday. Russia has "adapted much better than predicted to some of the pressures it's been put under," Reynolds told BI. Other experts BI spoke to said that while Putin might still be able to grow Russia's army, it may only add more strain to the already-stretched Russian labor force.
Persons: , Vladimir Putin, Putin, Nick Reynolds, Reynolds, That's, It's, it's, Artem Kochev, Kochev, Benjamin Hilgenstock, Jeremy Morris Organizations: Service, Kremlin, Business, International Institute for Strategic Studies, Royal United Services Institute, Vienna Institute for International Economic Studies, Kommersant, Kyiv School of Economics Institute, Bloomberg, Russian Armed Forces, Aarhus University Locations: Russia, China, India, Ukraine, Moscow
South Korea's military removed 1,300 cameras from its bases after discovering they were Chinese-made. The CCTV cameras were designed to be able to connect to a server in China, a Korean official said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSouth Korea's military has been forced to remove over 1,300 surveillance cameras from its bases after learning that they could be used to transmit signals to China, South Korean news agency Yonhap reported. The cameras, which were supplied by a South Korean company, "were found to be designed to be able to transmit recorded footage externally by connecting to a specific Chinese server," the outlet reported an unnamed military official as saying.
Persons: There's, , Yonhap Organizations: Service, South, Business Locations: China, South Korean
Read previewRussia is sending troops with no combat experience to reinforce attacks in northern Ukraine, a Ukrainian military spokesperson said. This story is available exclusively to Business Insider subscribers. Ukraine and Russia have spent much of the summer fighting for control of Vovchansk, a city in the Kharkiv region about three miles from the border. Speaking on Thursday, Sarantsev said that the newer Russian troops reinforcing Vovchansk are very inexperienced. "It is our understanding that this newly arrived personnel is a mobilization resource raised by Russia," he said, per Ukrainska Pravda.
Persons: , Vitaliy, Ukrainska, Sarantsev Organizations: Service, Kharkiv Operational Strategic Group of Forces, Business, Vovchansk, Ukrainska Pravda Locations: Russia, Ukraine, Ukrainian, Kharkiv, Russian, Belgorod, Vovchansk, Kursk
Russia has counterattacked in Kursk, claiming to have recaptured 10 settlements. The Institute for the Study of War said Russian forces may be planning to try to split Ukrainian-held areas. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRussia claims to have recaptured 10 settlements in Kursk, in a move that suggests a counteroffensive is in the works, according to multiple reports.
Persons: , Apty Alaudinov Organizations: Service, Business Locations: Russia, Kursk, Russian
Read previewUkraine's Defense Intelligence says its forces have shot down a Russian fighter jet over the Black Sea, sharing a video of the apparent strike. According to the post, Russian forces lost contact with the aircraft around 5 a.m. local time and launched a search and rescue operation about three hours later. It said a telltale streak of jet fuel was found on the water, as well as parts of the plane's wreckage. Advertisement-1 russian Su-30SM jet 🔥Warriors of the @DI_Ukraine special unit destroyed a russian Su-30SM combat aircraft with MANPADS over the Black Sea. pic.twitter.com/yaKnzWXyYF — Defense of Ukraine (@DefenceU) September 12, 2024The pro-Ukrainian Telegram channel Crimean Wind, which monitors developments on the peninsula, also posted about a missing Russian Su-30 jet, citing an unnamed Ukrainian army source.
Persons: , Russian Sukhoi Su, ince, cale Organizations: Service, Intelligence, Business, Naval Aviation Regiment Locations: Russian, Ukrainian, Cape Tarkhankut, Crimea, Saki
Read previewRachael "Raygun" Gunn, the Australian breakdancer who earned notoriety at the Paris Olympics, has been named the world's No.1 female performer in the sport. To those who know Gunn through her much-mocked Olympics performance, the ranking will likely come as a surprise. As such, the World DanceSport Federation — the governing body that produces the ranking — issued an explanation to go along with the news. The ranking, the body explained, does not take into account scores notched up at the Paris Olympics, nor at their qualifying rounds. Mark Kolbe/Getty ImagesThe current WDSF world No.2, Japanese breaker Riko, also gained 1,000 points in a qualifying competition.
Persons: , Rachael, Raygun, Gunn, Rachael Gun, Mark Kolbe, Zack Slusser Organizations: Service, breakdancer, Paris Olympics, World, , Business, Olympic Games, Oceania Continental, Getty, USA, Associated Press, Macquarie University, Guardian Locations: Paris, Sydney, Australia, Seoul, Leuven, Belgium
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