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☆ Wall St ends sharply lower, posts weekly losses; Mideast fears increase
▼ + stars: | 2023-10-20 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

All of the S&P 500 index's 11 sectors ended lower in broad-based selling, with technology (.SPLRCT) and financials (.SPYS) among the biggest drags. The S&P 500 financial index (.SPSY) was down 1.6% while the KBW regional banking index (.KRX) fell 3.5%. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsFor the week, the Dow was down 1.6%, the S&P 500 fell 2.4% and the Nasdaq slid 3.2%. The third-quarter U.S. earnings season is well under way, with 86 companies in the S&P 500 having reported. The S&P 500 posted no new 52-week highs and 38 new lows; the Nasdaq Composite recorded nine new highs and 420 new lows.

Persons: Alan Lancz, Alan B, Lancz, Jerome Powell, Brendan McDermid, Dow, advancers, Caroline Valetkavitch, Shubham Batra, Shashwat Chauhan, Arun Koyyur, Vinay Dwivedi, Richard Chang Organizations: Treasury, Dow, Nasdaq, Lancz, Associates Inc, Regions, Federal, Dow Jones, Wall, REUTERS, American Express, NYSE, Thomson Locations: Israel, Gaza, Toledo , Ohio, U.S, New York, Bengaluru

☆ Russia-North Korea summit: "Comrades" Putin and Kim send rivals a warning
▼ + stars: | 2023-09-14 | by ( Josh Smith | ) www.reuters.com time to read: +4 min

Discussions of any open violation of U.N. Security Council resolutions on North Korea would signal that major international agencies will be paralysed, said Andrei Lankov, a Korea expert at Seoul's Kookmin University. The summit is an indicator that North Korea-related Security Council resolutions are dead, as are all attempts to stop North Korea or penalise it for having a nuclear program, he said. UKRAINE FACTORLankov also said that Russia may be unlikely to provide North Korea with advanced technology that it could eventually lose control of. If Russia, North Korea and China feel that they are threatened, it makes sense they would seek to support each other through partnerships or even alliances to counter the United States. "It's just difficult for me to imagine that Xi Jinping and Kim Jong Un and Vladimir Putin can trust each other enough for a real long term concerted alliance formation," he said.

Persons: Vladimir Putin, Kim Jong Un, Kim, Putin, Duyeon Kim, Leif, Eric Easley, Andrei Lankov, Lankov, Mason Richey, Jinping, Josh Smith, Angus MacSwan Organizations: Vostochny, North, Korean Central News Agency, KCNA, REUTERS Acquire, Center, New, New American Security, Ewha University, U.S, Seoul's Kookmin University, Hankuk University of Foreign Studies, Thomson Locations: Amur, Russia, SEOUL, Russia's, U.S, Ukraine, North Korea, New American, Washington, Seoul, Tokyo, Northeast Asia, China, South Korea, Korea, UKRAINE, Kyiv, Poland, United States

BEIJING, Sept 13 (Reuters) - U.S. and European firms are shifting investment away from China to other developing markets, a report from Rhodium Group showed, with India receiving the vast majority of this redirected foreign capital, followed by Mexico, Vietnam and Malaysia. "Diversification is well underway," the research organisation said, but acknowledging: "it will take years for advanced economies to achieve the objectives behind their 'de-risking' policies," as China is so central to global supply chains. Low production costs and the prospect of a massive middle class drew the first foreign firms to China in the late 1980s, as the country abandoned its Maoist economic model. The shift comes as Chinese local authorities struggle to revive foreign investment after an economically bruising pandemic and property crisis depleted their coffers. But the authors cautioned that diversification is unlikely to result in a rapid decline in exposure to China because the markets foreign firms are investing in are heavily reliant on trade and investment with the Asian giant themselves.

Persons: Wednesday's, Joe Cash Organizations: Thomson Locations: BEIJING, China, India, Mexico, Vietnam, Malaysia

☆ Private sector investment needs to pick up for India to be on a 6-7% growth path: S&P Global Ratings
▼ + stars: | 2023-09-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPrivate sector investment needs to pick up for India to be on a 6-7% growth path: S&P Global RatingsPaul Gruenwald from S&P Global Ratings says the global growth baton is passing to India as the country is in a good spot right now both structurally and geopolitically.

Persons: Paul Locations: India

☆ India's G20 presidency risks ringing hollow as Ukraine war dashes hopes of consensus
▼ + stars: | 2023-09-05 | by ( Clement Tan | ) www.cnbc.com time to read: +10 min

US President Joe Biden, right, and Narendra Modi, India's prime minister, at an arrival ceremony during a state visit on the South Lawn of the White House in Washington, DC, US, on Thursday, June 22, 2023. One of the risks is that by elevating India's presidency of the G20 so much, there are now expectations for India to deliver some concrete breakthroughs. Russia-Ukraine impasseIndeed, the specter of Russia's Ukraine invasion has loomed large over G20 meetings for the various tracks that India has convened. He even labeled it the "biggest achievement" of India's G20 presidency so far — despite Russia and China abstaining. This development serves to buttress India's burgeoning economic clout, the basis of its greater confidence and assertiveness geopolitically.

Persons: Joe Biden, Narendra Modi, India's, haven't, Manjari Chatterjee, Modi, Manjari Chatterjee Miller, Vladimir Putin, Xi Jinping, Putin, Pramit Pal Chaudhuri, Chaudhuri, Sergei Lavrov —, Putin —, CFR's Miller, Eurasia Group's Chaudhuri, Subrahmanyam Jaishankar, Sumedha Dasgupta, Biden, Taiwan —, assertiveness, It's, Pravin Krishna Johns Organizations: White, Bloomberg, Getty, Indian, Shanghai Cooperation Organization, Manjari Chatterjee Miller, Foreign, Council, Foreign Relations, CNBC, Global, African Union, UN, Group Russia's, West, Bharatiya Janata Party, BJP, India's, Economist Intelligence Unit, Moscow, . Warming, Apple, Pravin Krishna Johns Hopkins University's School, International Locations: Washington , DC, New Delhi, India, Ukraine, Pakistan, South Asia, Washington ,, Russia, China, Varanasi, Bali, Eurasia, Asia, U.S, . Warming India, Malaysia, Philippines, Vietnam, Taiwan, Beijing

☆ India's moon landing made history at a low cost
▼ + stars: | 2023-08-23 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

ISROThe list is grim reading: Stuck, failed, missed, failed, failed, stuck, failed, crashed, missed, crashed, crashed. Even in the modern era — with nine lunar landing attempts since 2013 — the track record is still shaky. Before India's success Wednesday, missions by China, India, Israel, Japan and Russia were three for eight in the past decade. School students watching the live telecast of Chandrayaan-3 landing on the Moon at Sector 20 Brahmananda Public School on August 23, 2023 in Noida, India. Perhaps the most remarkable aspect of India's moon landing is the shoestring budget — by government standards — with which the country achieved the mission.

Persons: Jonathan McDowell, Sunil Ghosh, Jim Bridenstine, Bridenstine, They've, who's Organizations: ISRO, Soviet Union's, Harvard - Smithsonian Center for Astrophysics, Gravity, India, School, Hindustan Times, NASA, CNBC, Indian Space Research Organization, U.S, Payload Services, Space Foundation Locations: China, India, Israel, Japan, Russia, Noida, U.S, India's, United States

Editor’s Note: A version of this story appears in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories. The drill is the latest in a flurry of Chinese activity in the Middle East, traditionally seen as the US’ backyard. According to the Wall Street Journal, the US wants Saudi Arabia to distance itself economically and militarily from Beijing in return. Four of the top 10 importers of US arms are Gulf Arab states: Saudi Arabia, Qatar, Kuwait and the UAE. Some of these purchases were driven by US restrictions on selling arms to Gulf states under the Biden administration, according to Alhasan.

Persons: ” Hasan Alhasan, “, Barack Obama’s, ”, Mohammed Baharoon, John Calabrese, …, ” Calabrese, CNN’s Becky Anderson, Reema bint Bandar Al Saud, Washington, Biden, Alhasan, China’s, Xi Jinping, ” Yun Sun, ” Alhasan, ” Baharoon Organizations: UAE CNN, United Arab Emirates, American, Washington, UAE, Middle East, International Institute for Strategic Studies, CNN, Asia Experts, East ., US, Dubai Public Policy Research Center, Middle East Institute, Wall Street Journal, China Program, China, Stimson Center Locations: Abu Dhabi, UAE, United States, China, China’s, Xinjiang, Ukraine, Gulf, Asia, Saudi Arabia, Iran, Yemen, Washington, Dubai, Russia, Saudi, Riyadh, Israel, Beijing, Europe, Arab, Qatar, Kuwait, Sun, “

☆ Make these 9 top investments in a 'stock-picker's market' as economic growth continues, according to a bear-turned-bull whose hedge fund is up 155% in the last 5 years
▼ + stars: | 2023-08-12 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Standout hedge fund manager Charles Lemonides came into the year careful but is now more optimistic. Heading into 2023, hedge fund manager Charles Lemonides was preparing for the worst. His hedge fund is down 8% in 2023 through May, though it's still up 155% in the past five years. The hedge fund manager said the economy can take another rate hike or two, even though investors may groan about it. The hedge fund manager is currently bullish on energy stocks broadly — particularly those in the oil and gas industry.

Persons: Charles Lemonides, Lemonides, hasn't, it's, We've, he's, Goldman Sachs Organizations: Investors, Federal Reserve, Netflix, Energy, P Oil & Gas Exploration, Production, Unit Corp, United Natural Foods, Yale Materials, Foods Locations: financials

Taiwan Semiconductor Manufacturing Company, which is manufacturing the world’s most advanced microchips, conducts business on the island of Taiwan, dead center in one of the most geopolitically volatile places on the planet. That makes people in Washington very nervous. TSMC dominates the semiconductor industry; it’s a company that the United States can’t do without, 80 miles off the coast of China. The U.S. government has appropriated tens of billions of dollars to strengthen America’s own semiconductor sector and help fund TSMC’s nascent operations in the United States, far from China, which has never renounced the use of force to absorb Taiwan. But TSMC has invested billions of its own over nearly four decades growing deep roots in Taiwan.

Persons: TSMC Organizations: Taiwan Semiconductor Manufacturing Company Locations: Taiwan, Washington, United States, China, The U.S

And it involved a meeting with the Chinese defense minister, who has rebuffed multiple requests to engage with his American counterpart. Beijing has turned to those it deems more aligned with its position as it has become more skeptical toward, and at times openly frustrated with, the Biden administration. With the visit by Mr. Kissinger, whom Mr. Xi and other officials called an “old friend,” Beijing has sought to emphasize cooperation and mutual respect between the powers. With visits by business leaders like Bill Gates — also dubbed an old friend by Mr. Xi — and Elon Musk, China has tried to highlight the longstanding economic relationship and the perils of untangling global supply chains. Such efforts may become increasingly significant as Beijing pushes back against what it sees as the Biden administration’s efforts to contain China geopolitically, militarily and technologically.

Persons: Henry A . Kissinger, Xi Jinping, Kissinger, Biden, Xi, ”, Bill Gates —, Mr, Xi —, Elon Musk Organizations: Democrats, U.S Locations: Beijing, ” Beijing, China

☆ Putin wanted his own version of NATO. Instead he has a failing alliance that has only made him look weaker since the invasion of Ukraine.
▼ + stars: | 2023-07-18 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +14 min

Putin wanted his own version of NATOPutin has long viewed NATO as a threat to Russia, even citing it as an excuse for his invasion of Ukraine. Russian President Vladimir Putin. He also said that CSTO members states' desires for closer ties with the US weren't new. Russian President Vladimir Putin in Armenia in November 2022. Graham also said the invasion of Ukraine meant Putin is less and less able to deal with CSTO members' complaints.

Persons: it's, Putin, Vladimir Putin, Thomas Graham, NATO Putin, Alexander Cooley, Cooley, Armenia's, Nikol Pashinyan, KAREN MINASYAN, Putin's, isn't Putin, Ilya PITALEV, ILYA PITALEV, Getty Images Graham, Russia's, ANATOLII STEPANOV, you've, Graham, CSTO, Sadyr Japarov, Stanislav Zas, Alexander Lukashenko, Kassym, Tokayev, AP Cooley, – Putin, Vladimir Voronin, Nikol, They've, Hayk Organizations: NATO, Service, Soviet Union, Security, Organization, Yale, Columbia University, REUTERS, Getty Images, SPUTNIK, AFP, CSTO, Kazakh, Russian Defense Ministry Press Service, AP, Collective Security, Vladimir Voronin NATO, Putin, Russian Foreign Ministry Press Service, UN, US, EU, Armenian Locations: Russia, Russian, Ukraine, Wall, Silicon, Soviet, East, Armenia, Kazakhstan, Belarus, Kyrgyzstan, Tajikistan, Azerbaijan, Georgia, Uzbekistan, The Hague, Netherlands, Yerevan, AFP, Soviet Union, Moscow, Asia, Ukrainian, Oskol, Ukraine's Kharkiv, NATO, USSR, Dushanbe, tatters, Photolure, China, Turkey, United States

☆ Singapore’s clean reputation gets a timely test
▼ + stars: | 2023-07-18 | by ( Anshuman Daga | ) www.reuters.com time to read: +4 min

SINGAPORE, July 18 (Reuters Breakingviews) - Singapore could turn a governance crisis into an opportunity. Its transport minister S. Iswaran and Ong Beng Seng, the property billionaire credited with bringing Formula One to the city, were arrested and released on bail last week. The rare high-profile probe involving a public official by the hub’s anti-graft agency is a timely test of the Asian centre’s willingness to act tough on corruption. It's been six days since Prime Minister Lee Hsien Loong revealed the investigation by the Corrupt Practices Investigation Bureau and the exact details remain unclear. S. Iswaran and businessman Ong Beng Seng were arrested on July 11 and subsequently released on bail, the Corrupt Practices Investigation Bureau said.

Persons: Ong Beng Seng, It's, Lee Hsien Loong, Iswaran, Ong, Una Galani, Thomas Shum Organizations: Reuters, Formula, Practices, Beijing, DBS, Hotel Properties, InterContinental Hotels Group, Marriott International, Thomson Locations: SINGAPORE, Singapore, Denmark, Finland, New Zealand, Norway, Asia, Hong Kong, COMO

Investment in the critical minerals pipeline grew by 20% in 2021 and by 30% in 2022, led by lithium, copper and nickel. Although prices of some critical minerals such as copper have eased over the last year due to recession in the "old economy", prices for most critical minerals remain well above historical averages as supply struggles to catch up with demand. Production trends for nickel and cobaltLIMITED DIVERSIFICATIONThere has been only limited success in diversifying the geographical sourcing of critical minerals in recent years, the IEA said. China, which already dominates lithium processing, accounts for half of the world's planned new lithium chemical plants. Moreover, China's move to control exports of gallium and germanium underlines the concentration of supply in a host of smaller, esoteric metals that feed into the critical minerals landscape.

Persons: China's, IRENA, David Evans, Mark Potter Organizations: International Energy Agency, Investment, IEA, International Renewable Energy Agency, Thomson, Reuters Locations: Canada, Australia, China, Indonesia, United States, Europe, South America

☆ NATO: Comments from Biden and Erdogan threaten to overshadow summit -- and help Putin
▼ + stars: | 2023-07-10 | by ( Luke Mcgee | ) edition.cnn.com time to read: +5 min

On Monday morning, Turkish President Recep Tayyip Erdogan told reporters that Sweden’s membership of NATO should be linked to Turkey’s membership of the European Union. And the Turkish president, officials are aware, is very good at using any leverage he has to extract things he wants from his Western allies. Erdogan, European officials have repeatedly said, knew that he had Brussels over a barrel as he could effectively “flood” Europe with refugees at will. It is therefore a headache, but not a huge shock, that Erdogan is using a key international summit to play his best hand. NATO, remarkably, has remained united for most of the war and has gone beyond what most expected was possible.

Persons: Jens Stoltenberg, Recep Tayyip Erdogan, ” Erdogan, Erdogan, Zelensky, Ozan, Putin, Christine Olsson, Joe Biden’s, “, ”, –, Biden – Organizations: CNN, NATO, European Union, West, Kurdistan Workers ’ Party, Kremlin, Kurdistan Workers ' Party, TT, Agency, AFP, Getty Locations: Lithuanian, Vilnius, Sweden, Finland, Russia, Ukraine, Turkey, Brussels, Ankara, Turkish, Syria, geopolitically, Europe, Kremlin

☆ Nouriel Roubini says the idea that BRICS countries will create a new world order is wrong as they are a 'mishmash' of systems
▼ + stars: | 2023-07-06 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The BRICS bloc is challenged by its own mixture of political and economic types, Nouriel Roubini said. "The idea that the BRICS are going to take over the world turned out not to be right." "The idea that the BRICS are going to take over the world turned out not to be right," Roubini said. "This BRICS is a bit of a mishmash that, by itself, has very different countries: economically, socially, politically, and geopolitically," Roubini said. Meanwhile, a rival currency may provide protection from Western sanctions, but by itself isn't sufficient for growth, he added.

Persons: Roubini, —, Nouriel Roubini, Mikhail Zygar, Vladimir Putin Organizations: Service, Argentina Locations: India, Brazil, Russia, China, South Africa, Ukraine

☆ EU leaders to pledge de-risk from China and debate what this means
▼ + stars: | 2023-06-30 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +2 min

BRUSSELS, June 30 (Reuters) - European Union leaders are set on Friday to commit to reducing the bloc's dependence on China and debate how to strike the balance between "de-risking" and engaging in areas such as climate change. EU leaders will seek on Friday to present a united front, but there are clear differences between countries such as France and Germany, with sizeable business interests in China, and Lithuania, on which Chinese has imposed sanctions. The conclusions, which could still be changed, say the European Union will reduce critical dependencies and vulnerabilities, including in supply chains, and will de-risk and diversify where necessary. "The European Union does not intend to decouple or to turn inwards," the conclusions say. The 27-nation European Union has since 2019 considered China a partner, competitor and system rival.

Persons: Krisjanis Karins, Ursula von der Leyen, Philip Blenkinsop, Daniel Wallis Organizations: Union, European Union, EU, Thomson Locations: BRUSSELS, China, Latvian, Brussels, Russia, Ukraine, Taiwan Strait, France, Germany, Lithuania, European Union, Europe, EU

☆ Bipartisan lawmakers visit Taiwan as Biden seeks to stabilize China relationship
▼ + stars: | 2023-06-27 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +3 min

Taiwan is a self-ruling democracy, but China views Taiwan as a province of the Chinese mainland. The visit comes at a sensitive time for America's relationship with China, its largest trading partner and strategic competitor in political, economic and security arenas. WASHINGTON — A bipartisan congressional delegation led by House Armed Services Committee Chairman Mike Rogers landed in Taiwan on Tuesday for a three day visit, according to the American Institute in Taiwan. Treasury Secretary Janet Yellen reportedly plans to visit China in July, Bloomberg News reported this week. But while visits by senior Biden administration officials to China may help normalize the U.S.-China relationship, visits like Rogers' delegation to Taiwan tend to have the opposite effect.

Persons: Mike Rogers, Tsai Ing, Adam Smith, WASHINGTON —, Rogers, Biden, Antony Blinken, Blinken, Janet Yellen Organizations: Republicans, U.S, Capitol, Taiwanese Ministry of Foreign Affairs, The Alabama Republican, House Armed Services, American Institute, Congressional, United, Bloomberg News, Treasury, Biden, ., National Security Council Locations: Afghanistan, Taiwan, Washington, Pacific, China, Beijing, WASHINGTON, Taipei, United States

☆ Japan-backed fund to buy critical semiconductor firm JSR for $6.3 billion as chip tensions rise
▼ + stars: | 2023-06-26 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

The Japanese Investment Corporation (JIC) proposed a $6.3 billion buyout of JSR, one of Japan's most critical chip firms. The Japanese Investment Corporation proposed an offer of 4,350 Japanese yen ($30.3) per share to buy JSR, marking a 35% premium to Friday's closing price. A fund backed by the Japanese government on Monday proposed a $6.3 billion acquisition of semiconductor material giant JSR , underscoring the strategic emphasis governments around the world are putting on the critical technology of chips. Countries such as the Netherlands, home to a critical chip firm called ASML, as well as Japan, followed suit with similar restrictions. "JIC's investment in JSR means that the government might have a higher say over its decisions," Kotasthane said.

Persons: JIC, Kotasthane Organizations: Japanese Investment Corporation, JSR, Takshashila, CNBC, U.S Locations: Japan, China, Netherlands

☆ Europe has more Russian lessons to learn
▼ + stars: | 2023-06-26 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

The EU also isn’t remotely as threatening as China or even the United States, not to mention Russia. Over the same period, China’s share has risen to 18% from 7%, while the United States has stayed flat at 24%. The United States will carry most of the burden of deterring China. SECOND-BEST SOLUTIONSThe best solution to the EU’s lack of unity would be for it to use majority voting to determine foreign policy - as it already does for economic policy. But neither the EU nor its members should kid themselves that it’s in their interests to break with the United States.

Persons: Vladimir Putin, Yevgeny Prigozhin, Putin, Joe Biden’s, “, Emmanuel Macron, Donald Trump, Peter Thal Larsen, Thomas Shum Organizations: Reuters, EU, Companies, U.S, Eurostat, Reuters Graphics, Trade, European Commission, Twitter, Thomson Locations: Brussels, Ukraine, Russia, EU, China, United States, Russian, Kyiv, Germany, France, Poland, Taiwan, Lithuania, People’s Republic, U.S, Spain, Europe, Italy, Japan, United Kingdom, Canada

☆ Blinken to fly to Beijing for high-stakes diplomacy after spy balloon saga
▼ + stars: | 2023-06-16 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

U.S. Secretary of State Antony Blinken boards his plane for travel to Berlin at Joint Base Andrews, Maryland, June 22, 2021. Andrew Harnik | Pool | ReutersBEIJING — U.S. Secretary of State Antony Blinken is set to travel to Beijing this weekend in his first trip to China under the Biden administration. watch now"And so I think that the administration's goals are, at this point unrealistic because of the way Beijing has framed its interest in its strategy." Its appearance had forced Blinken to indefinitely postpone his Beijing trip at the time. The U.S. recognizes Beijing as the sole government of China but maintains unofficial relations with Taiwan, a democratically self-governed island.

Persons: Antony Blinken, Andrew Harnik, Biden, Joe Biden, Xi Jinping, Scott Kennedy, Blinken, Matthew Miller, Drew Thompson, Lee, Thompson, they're, there's, TikTok, Kennedy, Jia Qingguo, Jia Organizations: Joint Base Andrews, Reuters, Reuters BEIJING —, U.S, Center for Strategic, International Studies, CNBC, U.S . Department of State, People's, U.S ., China's Ministry of Foreign Affairs, U.S . Defense Department, Lee Kuan Yew, of Public Policy, Congress, chipmaker Micron, Washington , D.C, Pacific Command, Peking University, Asia Vision Locations: Berlin, Joint Base Andrews , Maryland, Reuters BEIJING, Reuters BEIJING — U.S, Beijing, China, People's Republic of China, U.S, Singapore, Washington ,, Taiwan, South China, Taiwan Strait, Asia, Russian, Ukraine

☆ China aircraft monitored US, France, Canada, Japan navy drill - media
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +2 min

BEIJING, June 12 (Reuters) - China deployed a reconnaissance aircraft over Pacific waters east of Taiwan last week that Chinese media said monitored and gathered intelligence on an exercise involving the navies of the United States, Japan, France and Canada. The islands separate the East China Sea from the Philippine Sea, and dot the West Pacific between Japan and Taiwan, which China claims as its territory. The Japanese defence ministry reported a sighting of a Y-9 reconnaissance variant in the Pacific on Thursday. A spokesperson for the Japanese ministry said on Monday it was analysing a piece of equipment attached to the undercarriage of the Y-9 variant that had not been seen before. Days before the quadrilateral exercise, the coast guards of the Philippines, United States and Japan held their first trilateral exercise off the coast of a western Philippine province.

Persons: USS Nimitz, Ronald Reagan, Albee Zhang, Ryan Woo, Tim Kelly, Gerry Doyle, Robeert Organizations: Global Times, U.S, USS, U.S ., U.S . 7th Fleet, Military, South China, Thomson Locations: BEIJING, China, Taiwan, United States, Japan, France, Canada, Ryukyu, Philippine, Beijing, East, Pacific, U.S, South, Philippines, Tokyo

☆ Opinion: This Trump indictment will change history. The question is how
▼ + stars: | 2023-06-11 | by ( Jane Carr | Opinion Jane Greenway Carr | ) edition.cnn.com time to read: +17 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. “Big Brother” is a fierce indictment of a power structure that surveils and oppresses while poverty and suffering proliferate. Clay Jones“Next year will mark 50 years since President Richard Nixon resigned as a result of the Watergate scandal. And yet, “Trump denies any and all wrongdoing and continues to remain the leader of the pack. “When former President Donald Trump took office in 2017, he left the rules in place.

Persons: CNN —, ”, Philippe Petit, Henri Matisse, Petit, Stevie Wonder, Jackson, Richard Nixon, —, interjected, “, Donald Trump, Clay Jones “, Julian Zelizer, “ Trump, Trump, Norman Eisen, Jack Smith, Eisen, Barack Obama’s, ” Eisen, Jennifer Rodgers, Ron DeSantis, Mike Pence, Chris Christie, Vivek Ramaswamy, Robert F, Kennedy Jr, Cornel West, Cupp, –, John Avlon, …, Avlon, Pence, televangelist Pat Robertson, Nicole Hemmer, “ Long, Robertson, Robertson “, David Mark, Geoff Duncan, Jason Lancaster, Kirsi Goldynia, Virginia Sole, Smith, ’, demonize fatness, Nick Anderson, Tess Taylor, Laura Schifter, Taylor, Marc Eichenbaum, Michael Nichols, “ Houston, Lawrence Downes, ” Eric Adams, ” —, ” Downes, Ellis, Evgeniy, it’s, Frida Ghitis, Reinhold Matay, Aaron David Miller, LIV, ” Miller, Octavio Jones, Jill Filipovic, ” Filipovic, Allison Hope, Justin Sullivan, Peter Bergen, Biden, Afghanistan Ana Homayoun, Amy Bass, Rose Zhang, Marty Irby, I’m, Britain's Prince Harry, Duke of Sussex, Hannah McKay, Reuters Prince Harry, Queen Victoria’s, King Edward VII, Harry, Prince Harry, Holly Thomas –, Thomas Organizations: CNN, GOP, Republican, Trump, Florida Gov, New, New Jersey Gov, Getty, Former New Jersey Gov, Adobe, Tribune, East Coasters, …, The, Democratic, Ukraine Ukrainian, Orange County National, USA, Sports, PGA, Saudi, Hillsborough High School, Reuters, Human Rights, Apple Vision, Apple Worldwide Developers, Court, Daily Locations: Manhattan, Florida, New Jersey, Pence’s, Washington ,, ” Houston, “, Texas, Chicago , New York, Sacramento, New York, New York City, White, Ukraine, Kherson, Russia, Nova, Orlando , Florida, USA, Saudi Arabia, Tampa , Florida, U.S, United States, Cupertino , California, Afghanistan, London, England, British, Botswana

☆ In Finland, NATO’s Newest Member, Blinken Details Russia’s ‘Failures’
▼ + stars: | 2023-06-02 | by ( Michael Crowley | ) www.nytimes.com time to read: +1 min

Secretary of State Antony J. Blinken on Friday took the stage in NATO’s newest member, Finland, to say that further strengthening Ukraine’s defenses against Russia was a “prerequisite” for diplomacy to end the war in Ukraine and to warn against short-term cease-fires that might play to Moscow’s advantage. In a powerfully symbolic address at the City Hall in Helsinki, Finland’s capital, Mr. Blinken cataloged the many ways the war by President Vladimir V. Putin of Russia had backfired since Moscow launched a full-scale invasion of Ukraine in February 2022. He noted, for one, Finland’s decision last year to break from decades of firm neutrality and join the NATO alliance in a major strategic blow to Mr. Putin, who calls NATO’s expansion a grave threat to Russian security. Mr. Putin’s war “has been a strategic failure — greatly diminishing Russia’s power, its interests and its influence for years to come,” Mr. Blinken said. “When you look at President Putin’s long-term strategic aims and objectives, there is no question: Russia is significantly worse off today than it was before the full-scale invasion — militarily, economically, geopolitically,” he added.

Persons: Antony J, Blinken, Vladimir V, Putin, “, Mr, Putin’s Organizations: City Hall, NATO Locations: NATO’s, Finland, Russia, Ukraine, Helsinki, Finland’s, Moscow

☆ The one crucial industry where China is crushing America in the Tech Cold War
▼ + stars: | 2023-05-16 | by ( Linette Lopez | ) www.businessinsider.com time to read: +14 min

As of now, CATL has 13 factories worldwide that supply batteries for Tesla, Toyota, and Daimler. And thanks to its ownership of its battery supply chain, it's able to make cars cheaply. Stevenson-Yang sees parts of China's battery supply chain as the next glut it will need to dump. But the potential of a battery supply glut tomorrow doesn't help carmakers meet their needs today. "But if we're looking at evolutionary improvements, China Battery Inc. will still dominate.

[1/4] Chinese Premier Li Qiang and Eritrean President Isaias Afwerki shake hands as they attend a meeting at the Great Hall of the People in Beijing, China May 15, 2023. REUTERS/Florence Lo/PoolBEIJING, May 15 (Reuters) - China's Premier Li Qiang told visiting Eritrean President Isaias Afwerki on Monday their countries should "deepen mutually beneficial win-win cooperation and continuously enrich their strategic partnership" at a meeting in Beijing. Eritrea also shares a border with Djibouti, where China's People's Liberation Army set up its first overseas military base in 2017. The "marginalised continent of Africa and the rest of the world will heavily defend and expect more contributions from the People's Republic of China," Afwerki said. Reporting by Joe Cash; Editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.

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