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☆ Russian journalists demand politician Kara-Murza's release ahead of 'Stalinist' treason verdict
▼ + stars: | 2023-04-10 | by ( Andrew Osborn | ) www.reuters.com time to read: +3 min

The appeal to release Vladimir Kara-Murza, 41, came ahead of a court hearing in Moscow as his trial, which the journalists likened to the political terror meted out by Soviet leader Josef Stalin in the 1930s, draws to a close. Russian state prosecutors on Thursday requested a 25-year prison sentence for Kara-Murza, a father of three and author and former journalist who holds Russian and British passports. The letter petitioning for Kara-Murza's release was signed by many journalists who have fled the country. "We demand that the Russian authorities, law enforcement officers and judges return to the path of justice. Russian authorities deny any involvement in the alleged attacks.

☆ NATO just got hundreds of tanks, 62 fighter jets, and a whole lot of artillery after Finland joined the military alliance
▼ + stars: | 2023-04-05 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Finland, Russia's neighbors, became a member of the NATO military alliance on Tuesday. It brings hundreds of tanks, 62 fighter jets, and lots of artillery and soldiers with it. Finland officially became a member of the military alliance on Tuesday, strongly motivated by Russia's invasion of Ukraine. Finland becoming part of NATO is seen as a nightmare for Russia, which considers the alliance a key threat. Alexander Stubb, Finland's former prime minister, told Axios that Russia's threats over it joining NATO can be dismissed due to the strength of Finland's military.

☆ Ukraine's tank force shouldn't stand a chance against Russia's on paper, but dumb mistakes keep tipping the scales
▼ + stars: | 2023-03-30 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +12 min

Russia has more tanks than Ukraine, more updated tanks than Ukraine, and more tank options. All three Western tank models are larger than most Russian tanks and are "quite survivable" thanks to their advanced armor, according to Edmonds. It's still unclear when the Western tanks will arrive or what role they will ultimately play in Ukraine's future offensives. "This stalemated frontline where we are right now, this is not a good environment for tanks," Cancian said. But the number of incoming Western tanks — less than 150 — is unlikely to change the tides of war.

☆ Jim Cramer's top 10 things to watch in the stock market Wednesday: Stock pop, retailers, AI caution
▼ + stars: | 2023-03-29 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

UBS shuffles retailers: Ross Stores (ROST) to sell; Burlington (BURL) to sell; Club name Foot Locker (FL) to sell. Apple Pay Later allows four payments over six weeks. Users can apply for Apple Pay Later loans of between $50 and $1,000. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Going to war? Good news! The United States is 13 years behind in ammunition production.
▼ + stars: | 2023-03-26 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

Since production capacity changed after the Cold War, the US can no longer keep up with wartime demands. In fulfilling those promises, The New York Times reported the US has sent Ukraine so many stockpiled Stinger missiles that it would take 13 years of production at recent capacity levels to replace them. US officials in January proposed a production increase up to 90,000 rounds of 155mm ammunition each month to keep up with demand. The United States has rarely seen production shortages in ammunition and missiles to the degree the country currently faces. While improvements to production facilities have been budgeted for going forward, the US is currently pushing suppliers to capacity to meet current wartime demands in Ukraine and keep pace with China's production.

☆ The US's B-29 bomber was more expensive than the nuclear bomb it dropped on Japan at the end of World War II
▼ + stars: | 2023-03-21 | by ( Miguel Ortiz | We Are The Mighty | ) www.businessinsider.com time to read: +5 min

The Manhattan Project cost about $2 billion, or nearly $30 billion in 2021 dollars. The US's B-29 bomber program cost $3 billion, or just over $44.5 billion in 2021 dollars. In total, the program cost about $2 billion, or nearly $30 billion in 2021 adjusted for inflation. It was pushed through though because it was necessary for the Manhattan Project to work and the war to be won. It was also incapable of carrying and delivering the atomic bomb being developed by the Manhattan Project.

Yoon announced the decision at a cabinet meeting, saying South Korea and Japan should make efforts to remove obstacles that hinder developing bilateral ties. "I will preemptively order our trade minister today to begin necessary legal procedures to have Japan back on our white list," Yoon told the meeting, which was televised live. "I'm sure Japan will respond if South Korea first starts removing the obstacles." South Korea and Japan removed each other from the list in 2019 amid a decades-old row over a 2018 South Korean court order for Japanese companies to compensate forced labourers during Japan's 1910-45 occupation of Korea. "It's time for South Korea and Japan to go beyond the past," Yoon said.

☆ Signature Bank buyer gets a crisis dividend
▼ + stars: | 2023-03-20 | by ( John Foley | ) www.reuters.com time to read: +4 min

The failure of lender Signature Bank (SBNY.O) has forced them to abandon their consolidation-skeptic principles, resulting in a sizeable crisis dividend for Signature’s new owner. Bank mergers almost never happen so quickly, and nobody knows that better than Community Bancorp boss Thomas Cangemi. A study by the St. Louis Federal Reserve found that failed bank selloffs did lessen competition, but not by much. Community Bancorp said it has taken on $13 billion in loans and $25 billion in cash as part of the deal. The FDIC has been given equity appreciation rights in New York Community Bancorp that could be worth up to $300 million.

☆ Hundreds of elite Israeli reservists say they are joining judicial protests
▼ + stars: | 2023-03-19 | by ( Dan Williams | ) www.reuters.com time to read: +4 min

That, critics say, could foster corruption and imperil judicial independence key to Israel's economic strength and defences against attempts to isolate it internationally. Netanyahu has condemned the protests' reach into the military ranks as an attempt to subvert an institution meant to be above politics. While reservists have helped Israel prevail in previous wars, more recently it has relied on regular forces. But some units consider reservists especially valuable given their maturity and accrued skills. An air force pilot taking part in the protests told Channel 12 TV that as many as 60% of crews sent on bombing sorties in Syria are volunteer reservists.

☆ How an often overlooked World War II-era shipbuilder designed the boat that Eisenhower said 'won the war for us'
▼ + stars: | 2023-03-19 | by ( Katie Sanders | Mara Storey | ) www.businessinsider.com time to read: +8 min

The Higgins boat is one of the iconic vessels of World War II. Andrew Higgins, center, developed several kinds of landing craft that were invaluable during World War II. His landing craft were used in every major amphibious assault of World War II, from the shores of Europe to the Pacific islands. National World War II MuseumBorn in Nebraska in 1886, Higgins ran newspaper routes and started a lawn-mowing company as a child. In one instance, Navy officials expressed interest in seeing a design for a new 56-foot tank landing craft three days before a scheduled visit to see another type of landing craft.

☆ Japan, South Korea business leaders look for reset after wartime labour strain
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: +1 min

TOKYO, March 17 (Reuters) - Top business leaders from Japan and South Korea met in Tokyo on Friday, pledging greater economic cooperation as they seek to pivot away from years of strain and acrimony over compensation for forced wartime labour. The head of Japan's Keidanren business lobby met with members of its South Korean counterpart, the Federation of Korean Industries, as well South Korean President Yoon Suk Yeol on Friday morning. Yoon is in Japan for the first visit by a South Korean president in 12 years. The lack of cooperation between the two countries has long undercut U.S.-led efforts to present a united front against China and North Korea. Signs of a breakthrough came last week when Seoul announced a plan for its companies to compensate former forced labourers.

☆ South Koreans sceptical as president offers olive branch to Japan
▼ + stars: | 2023-03-16 | by ( Ju-Min Park | ) www.reuters.com time to read: +5 min

SEOUL, March 16 (Reuters) - As South Korean President Yoon Suk Yeol landed in Tokyo on Thursday his plan to patch up relations with Japan faces lingering scepticism at home. Sixty-four percent of the respondents said South Korea did not need to rush to improve ties with Japan if there were no change in Tokyo's attitude, according to the poll. Yoon is the latest of many South Korean conservatives who embrace the argument that Seoul must heal divides with Japan to confront security challenges. Boycotts of Japanese products and vacations have largely faded in South Korea, and a growing number of South Koreans are travelling to Japan as COVID restrictions ease. Three Japanese animated films are among the top five at box office in South Korea.

"We are taking notes from Zelenskiy," a senior Taiwan security official said, referring to Ukrainian President Volodymyr Zelenskiy's strong presence on social media. "We can't even fix sea cables on our own," the official said. "What if one day all 14 of Taiwan's undersea cables connecting us to the outside world break? Taiwan's military has long prepared back-up plans, including a fibre-optic network for communications within Taiwan, satellites, high-frequency radio, and microwave systems. "So the first step (for China) - with about 99 percent likelihood - is to cut our sea cables," Huang said.

"Until now, the ministry has taken the defence companies for granted," said Masahisa Sato, an influential ruling party lawmaker and former deputy defence minister. Three of them, Mitsubishi Heavy, Mitsubishi Electric and IHI Corp (7013.T), which makes jet engines, bridges and heavy machinery, confirmed they had also taken part in other lower-level discussions. Reuters asked 10 of Japan's military suppliers, including Toshiba, Mitsubishi Electric, Daikin and Subaru, for interviews with their defence unit managers. Despite diplomatic tensions, China is Japan's top trade partner and a major manufacturing base for many Japanese companies. Even so, Japanese companies often refer to their military products as "special equipment," the government official said.

☆ New Russian law would strip acquired citizenship for discrediting Ukraine operation
▼ + stars: | 2023-03-15 | by ( ) www.reuters.com time to read: +2 min

March 15 (Reuters) - Proposed amendments to Russia's citizenship law would allow for the stripping of acquired citizenship for treason and discrediting the military operation in Ukraine, Russian media reported on Wednesday. Soon after sending its army into Ukraine just over a year ago Russia introduced sweeping wartime laws to silence dissenting voices. Russia calls its action in Ukraine a "special military operation," while Ukraine and its allies say that is a euphemism for a full blown aggression to grab land. The amendments on stripping the citizenship of those who have acquired it relate to "treason, discrediting the special military operation," the RIA news agency quoted Konstantin Zatulin, first deputy chairman of the parliamentary committee on Commonwealth of Independent States (CIS) affairs. In 2022, based on data from Russia's Ministry of Internal Affairs, more than 691,000 people received Russian citizenship, with nearly half coming from CIS countries.

☆ Factbox: What's on the table for the Kishida-Yoon summit?
▼ + stars: | 2023-03-15 | by ( ) www.reuters.com time to read: +3 min

[1/2] South Korean President Yoon Suk-yeol speaks at an interview with Reuters in Seoul, South Korea, November 28, 2022. Kishida is considering visiting South Korea as early as this summer, Kyodo has reported. G7 INVITATIONKishida may extend an invitation to Yoon to attend the G7 summit set to take place in Hiroshima in May, several media reported. EXPORT CURBSThe two leaders could confirm their countries' intention to resolve Japan's high-tech material export curbs against South Korea. Japan tightened restrictions on the export of high-tech semiconductor materials to South Korea in 2019 as a row over how to compensate wartime labourers flared.

The summit is the same week as major South Korea-U.S. military drills that routinely anger Pyongyang, and North Korea has already staged multiple missile launches - a backdrop for the message that Japan, South Korea and the United States need to close ranks. In November South Korea and Japan agreed to exchange real-time intelligence on North Korea's missile launches, which experts say will help both countries better track potential threats. "South Korea is already taking a side and entering the Cold War," said Kim Joon-hyung, a former chancellor of the Korean National Diplomatic Academy. Yoon said high-tech cooperation on supply chains between Japan and South Korea would contribute significantly to economic security. 'SHARED INTERESTS'Washington had pressed for reconciliation, but a State Department spokesperson said the recent arrangements were the result of bilateral discussions between Japan and South Korea.

☆ South Korea's Yoon arrives in Tokyo hours after North's missile launch
▼ + stars: | 2023-03-15 | by ( Sakura Murakami | ) www.reuters.com time to read: +4 min

[1/6] South Korea's President Yoon Suk Yeol and his wife Kim Keon-hee arrive at Tokyo International Airport (Haneda Airport) in Tokyo, Japan March 16, 2023. Before Yoon's flight, North Korea fired a long-range ballistic missile, which landed in the sea between the Korean peninsula and Japan, emphasising both the urgency of regional security and the threat posed by North Korea. "There is an increasing need for (South) Korea and Japan to cooperate in this time," Yoon said in a written interview with international media on Wednesday, calling both North Korea's nuclear and missile threats and supply chain disruptions a "polycrisis". South Korea and Japan at the time agreed to exchange real-time intelligence on North Korea's missile launches, which experts say will help both countries better track potential threats. Tokyo worries that Russia's invasion of Ukraine has set a precedent that will encourage China to attack self-ruled Taiwan.

☆ South Korea's Yoon to meet Japan's Kishida in Tokyo on Thursday
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: +1 min

[1/2] FILE PHOTO-South Korea's President Yoon Suk Yeol speaks during a ceremony of the 104th anniversary of the March 1st Independence Movement Day against Japanese colonial rule, in Seoul on March 1, 2023. Jung Yeon-Je/Pool via REUTERSSEOUL, March 14 (Reuters) - South Korean President Yoon Suk Yeol will travel to Japan for talks on Thursday with Prime Minister Fumio Kishida, a South Korean official said, days after South Korea announced a plan to end a row between the U.S. allies over wartime forced labour. Yoon's two-day visit to Japan from Thursday will be the first such trip by a South Koran leader in 12 years. "This visit ... will be an important milestone in the improvement of relations between South Korea and Japan which has been promoted by the Yoon administration since inauguration," Yoon's national security adviser, Kim Sung-han, told a briefing on Tuesday. South Korea announced last week that its companies would compensate victims of forced labour under Japan's colonial rule from 1910-1945, seeking to end a dispute that has undermined U.S.-led efforts to present a unified front against China and North Korea.

☆ ‘I Live in Hell’: The Psychic Wounds of Ukraine’s Soldiers
▼ + stars: | 2023-03-14 | by ( Photographs Antoine D Agata | Text Ellen Barry | ) www.nytimes.com time to read: +15 min

The soldier’s ward is a quiet place, high-ceilinged, with chess boards and a Ping-Pong table; you could mistake it for a rest home, except that the door handles have been removed. Tap Click to read their stories Oleksandr, 21 Occupation: Soldier, former student “I finished school and joined the army in 2021. Now I’m mostly sad; I’m better off alone.” Yulia, 47 Occupation: Soldier; combat medic, independent forensic expert I’m a combat medic. Stanislav, 29 Occupation: Soldier, former cook “I didn’t plan to end up here. I adjust to each person in this way.” Serhii, 42 Occupation: Soldier, former employee at a shipping company On April 28 2022, I joined the air assault forces.

☆ Masked Wagner mercenaries are giving career talks at Russian high schools, UK intel says
▼ + stars: | 2023-03-13 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

Wagner Group recruiters are giving career talks at high schools, UK intel says. During these lessons, Wagner representatives also reportedly promoted the Wagneryonok, a youth-focused military group and summer camp located in Crimea. As losses mount, Wagner is increasingly finding itself at odds with Russian military leadership and Russian President Vladimir Putin. Presently, there is a very public feud between Prigozhin and Russia's defense ministry over critical ammunition and supplies. ISW experts said that Russian leadership is also likely using the deadly fighting in Bakhmut to kill off Wagner troops and weaken Prigozhin's power.

☆ 'My call sign is 'Grandad.'' The retirees who are frontline fighters for Ukraine against the Russian invaders
▼ + stars: | 2023-03-11 | by ( Isobel Van Hagen | ) www.businessinsider.com time to read: +7 min

Some volunteer fighters in Ukraine are considerably older than the average age of a typical soldier. 63-year-old Leonid Onyschenko, for example, is fighting for Ukraine near the city of Bakhmut. While the classic image of a soldier in battle evokes a fit young person with a chiseled jawline, the diverse volunteer fighters in Ukraine defy this expectation. The Territorial Defense Forces (TDF) — a volunteer military reserve — said that Onyshchenko had been serving the country for nine years since Russia's invasion and illegal annexation of Crimea in 2014. Many of the older volunteers the news outlet spoke to appeared eager to stay in eastern Ukraine at the time.

☆ EU hopeful that Kosovo and Serbia will reach deal this month
▼ + stars: | 2023-03-09 | by ( ) www.reuters.com time to read: +1 min

PRISTINA, March 9 (Reuters) - The European Union expects former wartime foes Kosovo and Serbia to reach a final deal next week on normalising relations after both endorsed a peace plan, the bloc's envoy said on Thursday. The nations' leaders are due to meet on March 18 in North Macedonia to discuss implementation of an 11-point EU plan after agreeing last month that its contents needed no further talks. Kosovo declared independence in 2008, almost a decade after a guerrilla uprising brought an end to repressive Serbian rule. The EU plan does not commit Serbia to acknowledging an independent Kosovo but it would recognise documents such as passports, diplomas and licence plates. He was to travel next to Serbia for talks with President Aleksandar Vucic.

☆ S.Korea's Yoon to visit Japan for summit, first such trip in 12 years
▼ + stars: | 2023-03-09 | by ( ) www.reuters.com time to read: +2 min

SEOUL, March 9 (Reuters) - South Korean President Yoon Suk Yeol and his wife will visit Japan from March 16-17 at Tokyo's invitation, his office said on Thursday, the first such visit in 12 years after Seoul announced a plan to end a protracted dispute over wartime forced labour. Yoon will hold a summit meeting with Japanese Prime Minister Fumio Kishida. "The visit... will be an important milestone in the improvement and development of relations between South Korea and Japan," Yoon's office said in a statement. “South Korea is an important neighbour with which we should cooperate in addressing various issues in the international community,” Japan Chief Cabinet Secretary Hirokazu Matsuno said at a briefing. South Korea's defence ministry said on Tuesday it would work with Japan to enhance security cooperation, including trilateral relations with the United States.

☆ Remote Corner of Taiwan Confronts Wartime Scenario: Life With No Internet
▼ + stars: | 2023-03-08 | by ( Joyu Wang | ) www.wsj.com time to read: 1 min

For decades, residents of the tiny island of Dongyin, roughly 30 miles off the coast of China, have lived at the edge of tensions between Taipei and Beijing. For the past month, they’ve had a taste of what could come in the event of a conflict between the two sides. On Feb. 2, Taiwanese authorities say, a Chinese fishing boat damaged an undersea communications cable linking Dongyin, part of the outlying Taiwanese archipelago of Matsu, to Taiwan’s main island. Six days later, they said another such cable between Matsu and Taiwan was severed by a Chinese cargo vessel.

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