Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Russia’s"


25 mentions found


But price rises in Russia are eye-watering by comparison – and just one symptom of an economy that is overheating. “Prices are rising because of the war,” Alexandra Prokopenko at the Carnegie Russia Eurasia Center in Berlin told CNN. The military budget will rise by nearly a quarter in 2025, amounting to one-third of all state spending and 6.3 per cent of gross domestic product. Analysts don’t see the Russian economy as tumbling over a precipice but instead as a slowly gathering crisis. Russia has traditionally turned to central Asia for unskilled labor, and Putin recently suggested more foreign workers are needed.
Persons: ” Alexandra Prokopenko, Vladimir Putin, Putin, , Anton Vaganov, ” Prokopenko, Natalia Kolesnikova, Vladislav Inozemtsev, Prokopenko Organizations: CNN, Carnegie Russia Eurasia Center, , Reuters, Russia’s Alfa Bank, Alfa, Monetary Fund, Russia’s State Statistics Service, Getty, Central, United Nations, UK Defense Ministry, Atlantic Council Locations: Russia, Ukraine, Berlin, Saint Petersburg, United States, Asia, Turkey, Russian, India, China, AFP, Moscow, Central Asia, East, South Korea, Dubai
Trump has said he wants to lower gas prices — which currently average $3.07 per gallon — to below $2 a gallon. But the American oil industry is already booming and increasing output doesn’t mean gas prices will drop. After oil prices shot up in 2022 in the wake of Russia’s invasion of Ukraine and the sanctions on Russian oil imposed by western countries, major oil companies reported record profits. But are we going to increase oil production by another 50%? OPEC+, a group of leading oil-producing countries, even delayed plans to increase production because of concerns about excess supply.
Persons: Donald Trump, ” Trump, Trump, Chris Wright, Wright, Andy Cross, Andy Lipow, ” Lipow, “ It’s, Biden, , Bob McNally, George W, Bush, CNN’s David Goldman, Matt Egan Organizations: CNN, Liberty Energy, Liberty, Denver Post, US Energy Information Administration, P, Insights, Eurasia Group, Texas Intermediate, OPEC, Lipow Oil Associates, Energy, Oil Locations: Denver, States, Saudi Arabia, Russia, Eurasia, Ukraine, China, OPEC
President Joe Biden has authorized Ukraine to use U.S.-provided long-range weapons inside Russia for limited strikes, according to two U.S. officials. The easing of longtime restrictions comes as North Korea has deployed thousands of troops to the Kursk region of Russia to support Russian troops fighting Ukrainian forces. The new authority applies to Army Tactical Missile Systems, or ATACMS, which Ukrainian officials have sought from the Biden administration. Andrew Harnik / Getty ImagesBut the change comes after Biden officials have condemned the North Korean deployment as a possible expansion of the war. In May, Biden secretly gave Ukraine permission to use American weapons to strike Russia just over the border.
Persons: Joe Biden, Biden, Andrew Harnik, Donald Trump Organizations: Army Tactical Missile Systems, White, Biden, Pentagon, White House, NBC, Russia Locations: Ukraine, Russia, North Korea, Kursk, Ukrainian, The U.S
Following Trump’s decisive election victory, many DOJ officials and career staffers were already nervous about the possibility that they would be targeted by Trump loyalists, particularly members of Congress. “Everything we did was above board,” said a former senior FBI official, who has started contacting lawyers because he expects to be prosecuted himself. “Agents have to do 20 years,” the former senior FBI official said. DOJ and FBI officials say that the Trump investigations were carried out properly. Now, a new group of DOJ and FBI officials are facing the prospect of hefty legal fees as well.
Persons: Trump, Matt Gaetz, , elect’s, beholden, Gaetz, , “ Trump, Wally Skalij, Weeks, Stephen Cheung, Witch Hunt, ” Cheung, Stephen Gillers, General Merrick Garland, Trump’s, Garland, Mike Davis, Jack Smith, Smith, Donald Trump, Jacquelyn Martin, Ilya Somin, ” Somin, Robert Mueller, Paul Manafort, Bill Barr, John Durham, Russia’s, Durham, Jack Smith’s, ” Gillers, Captain Ahab Organizations: Justice Department, FBI, Trump loyalists, Trump, , DOJ, Los Angeles Times, Getty Images Trump, New York University Law School, , DOJ DOJ, Department, Justice, George Mason University, Russia, CIA, NYU Locations: Coachella , Calif, Washington, Gaetz
Kyiv loudly decries the refusal, and just when the request seems to have been parked, the Biden administration approves it. Is it too late for the US-made Army Tactical Missile Systems, or ATACMS, to make a difference if it hits targets deep inside Russia? The answer is complex and perhaps explains some of the reluctance of the Biden administration to grant permission. Secondly, Ukraine has been able to penetrate deeper inside Russia using domestically manufactured and cheaper drones. Thirdly, the permission to use US precision missiles to hit deeper inside Russia is, as it sounds, quite provocative.
Persons: Joe Biden, Biden, HIMARS, Abrams, Russia –, Donald Trump Organizations: CNN, Army Tactical Missile Systems, Analysts, Institute for, United, NATO, America Locations: Ukraine, Russia, Kyiv, ATACMS, United States, Moscow, Europe, Kursk
KYIV — President Volodymyr Zelenskyy has said Ukraine must do all it can to ensure the war with Russia ends next year through diplomacy, commenting at a decisive moment after Donald Trump’s U.S. presidential election win and Russia’s grinding battlefield gains. “From our side, we must do everything so that this war ends next year, ends through diplomatic means,” Zelenskyy said in a Ukrainian radio interview aired on Saturday. Zelenskyy said U.S. law prevented him from meeting Trump before his inauguration on Jan. 20. On the battlefields of eastern Ukraine, Russia is now advancing at the fastest rate since the war’s earliest days in 2022. Zelenskyy said Ukraine was now making four different missiles, which he said were currently in testing.
Persons: Volodymyr Zelenskyy, Donald Trump’s, Zelenskyy, Vladimir Putin, ” Zelenskyy, Trump, , Ukraine Zelenskyy, Organizations: Trump, U.S Congress Locations: Ukraine, Russia, Moscow, Ukrainian, Geneva, Crimea, Pokrovsk
I’m tripping over their bodies,” said Sydney Seiler, the U.S. national intelligence officer for North Korea from 2020 to 2023. “Kim Jong Un is selling North Korean soldiers as cannon fodder mercenaries,” South Korean Defense Minister Kim Yong-hyun said last month. It’s an entirely new environment for the North Korean soldiers, who live in one of the most isolated and repressive countries in the world. The Russian military is teaching the North Korean soldiers about 100 key military terms, but “North Koreans are having a difficult time learning Russian,” South Korean lawmakers Lee Sung-kwon and Park Sun-won said last month. North Korean soldiers’ inexperience could be another point of friction and a major factor in how they are deployed.
Persons: Kim Jong Un, Vladimir Putin, Putin, , Sydney Seiler, Seiler, Gavriil, Joe Biden, Yoon Suk Yeol, Shigeru Ishiba, Kim, “ Kim Jong, Kim Yong, hyun, John Hardie, Lee Sung, Bruce Bennett, ” Hardie, Bennett, ” Bennett, Edward Howell, , ” Howell, Stella Kim Organizations: Ukraine, North, NBC News, U.S, The State Department, Korea’s National Intelligence Service, NBC, Center for Strategic, International Studies, Getty Images, Economic Cooperation, South Korean Defense, Pentagon, Politico, South Korea’s National Intelligence Service, North Korean, South Korean National Intelligence Service, AFP, Getty, Korean, Battalion, Russian Ministry of Defense, Foundation for Defense of Democracies, South, Sun, Rand Corp . Communication, Chatham House Locations: SEOUL, South Korea, Ukraine, Moscow, Russia, U.S, North Korea, Russian, Kursk, Korean, Korea, Washington, Pyongyang, Getty Images North Korea, South, Asia, Lima , Peru, The U.S, California, Ukrainian, London, Seoul, Hong Kong
In the end, looking backward may be more productive for Biden and Xi than trying to predict what’s next for their two nations. Biden administration officials acknowledge they have little insight into what a notoriously unpredictable leader might be planning. What Biden can do, they argue, is reiterate to Xi the value of maintaining communication, even amid the expected contention. A key counterweight could be Biden’s legacyHow Trump confronts those threats is not something he’s discussed at great length, at least as a candidate. It’s also an area his aides believe could — and should — be continued by the incoming Trump administration, though acknowledging they have little to go on when it comes to the president-elect’s intentions.
Persons: Joe Biden, Xi Jinping, Xi, Donald Trump’s, that’s, Biden, , Trump, Robert F, Kennedy, Jr, Tulsi Gabbard, Pete Hegseth, Matt Gaetz, He’s, there’s, Xi’s, , Jake Sullivan, aren’t, China’s, , Obama, he’s, Russia’s Vladimir Putin, It’s, Korea’s Yoon Suk, Shigeru Ishiba Organizations: Peru CNN —, Biden, White, APEC, Xinhua, Mar, Lima Convention Center, Trump Trump, Ukraine Locations: Lima, Peru, Chengdu, China, Washington, Beijing, United States, Bali, San Francisco, Taiwan, Ukraine, Russia, Iran, North Korea, Pyongyang, Japan, South Korea, Tokyo, Seoul, East Asia
This week, researchers shared fascinating new findings on Uranus, the seventh planet from the sun, and the far side of the moon. Other worldsIllustrations depict how Uranus' magnetosphere, or protective bubble, was behaving before Voyager 2's arrival (left) and during the spacecraft's flyby (right). An unusual cosmic occurrence during the Voyager 2 spacecraft’s 1986 flyby might have skewed how scientists characterized the ice giant, new research suggests. In particular, the spacecraft’s observations of Uranus’ protective magnetosphere were wildly different from astronomers’ expectations. Fortunately, sending a dedicated mission to study Uranus in the future is a priority for NASA, according to a 2022 report.
Persons: Jamie Jasinski, paleoanthropologist Don Johanson, what’s, Lucy, Johanson, , afarensis, doesn’t, Bathydevius, Bruce Robison, , Marvel, Ashley Strickland, Katie Hunt, Jackie Wattles Organizations: CNN, NASA, JPL, Caltech, Jet Propulsion Laboratory, Nature Reserve, WWF Tigers, Fund, Nature, Aquarium Research, CNN Space, Science Locations: Pasadena , California, Afar, Central Asia, Turkey, Russia, Indonesia, Kazakhstan, Caspian, Netherlands, Kuma, Kazakhstan’s Ile, California, Mt, Everest, Monterey, what’s, Iraq
Russia is making gains at key spots along the frontlines of eastern and southeastern Ukraine, while unleashing wave after wave of aerial terror against Ukrainian cities. … You just get boxed into a corner and you have to choose from a buffet of bad options,” Barros added. Taking over Kupiansk would make it a lot easier for Russia to push further into the Kharkiv region. Ukraine has put up a fierce fight in the area in recent months, even though it has lost some ground. Pokrovsk has been a target of Russia for months as it seeks to capture eastern Ukraine.
Persons: Volodymyr Zelensky, , ” George Barros, Barros, That’s, , ” Barros, Kupiansk, Zelensky, Pokrovsk, Diego Fedele, they’ve, “ It’s, , that’s, Vladimir Putin’s, Putin, Donald Trump, Trump Organizations: CNN, Institute for, Geospatial Intelligence, Kyiv, Ukrainian, Russian Central Bank, Western Locations: Moscow, Russia, Ukraine, Russian, Kursk, Ukrainian, Kupiansk, Kharkiv, Ukraine’s, Kurakhove, Pokrovsk, crosshairs, Avdiivka, North, United States
CNN —Ukrainian President Volodymyr Zelensky has said Russia’s war in Ukraine will end “faster” when Donald Trump takes over as US president. Trump, who was elected for a second term earlier this month, has repeatedly claimed that the Ukraine-Russia war would not have started if he had been president. In July, he said he could settle the war in one day. Throughout his campaign, the president-elect and his running mate, JD Vance, cast strong doubts on continued US commitment to Kyiv. The war has been ongoing for more than two and a half years, following the large-scale invasion of Russian forces in February 2022.
Persons: Volodymyr Zelensky, Donald Trump, Suspine, Zelensky, , , Trump, JD Vance Organizations: CNN, White Locations: Ukraine, Russia, Kyiv, Russian
BERLIN — German Chancellor Olaf Scholz spoke Friday with Russian President Vladimir Putin, the Kremlin leader’s first publicly announced conversation with the sitting head of a major Western power in nearly two years. Scholz urged Putin to be open to negotiations with Ukraine, his office said. Government spokesman Steffen Hebestreit said Scholz urged Putin in the hour-long call to withdraw his troops and end the full-scale invasion launched in February 2022. The new communication between Scholz and Putin — their first since December 2022 — comes at a time of widespread speculation about what the new administration of President-elect Donald Trump will mean for Ukraine. The U.S., South Korea and Ukraine say North Korea has sent thousands of troops to Russia to support its war against Ukraine.
Persons: Olaf Scholz, Vladimir Putin, Scholz, Putin, Steffen Hebestreit, Alexei Navalny’s, Yulia, , ” Hebestreit, , Donald Trump, Trump, Volodymyr Zelenskyy, ” Zelenskyy, ” Scholz, ” Putin, Dmitry Peskov Organizations: Kremlin leader’s, Kyiv, NATO, Ukraine, Kremlin, Russian Federation Locations: BERLIN, Ukraine, Russian, Berlin, Russia, Washington, Moscow, U.S, South Korea, North Korea, Germany, , East
A truck rammed the gates of parliament in the Russian-backed breakaway Georgian region of Abkhazia on Friday as hundreds protested against an investment agreement with Moscow that some Abkhaz fear will price them out of the property market. Two people were injured in the clashes, Russia’s RIA state news agency cited local emergency services as saying. Russian media showed a truck ramming into the gates surrounding the parliament in the capital, Sukhumi. Russia recognized Abkhazia and another breakaway region, South Ossetia, as independent states in 2008 after Russian troops repelled a Georgian attempt to retake South Ossetia in a five-day war. Other footage published by local Telegram channels showed protesters tying rope to the metal gates and attempting to tear them down.
Persons: Maxim Reshetnikov, Kristina Ozgan, Scuffles, Aslan Bzhania, Alexander Ankvab, Raul Khadzhimba Organizations: Russian Economy, Abkhazian, Telegram Locations: Russian, Georgian, Abkhazia, Moscow, Sukhumi, Russia, South Ossetia, Georgia, Soviet
North Korean leader Kim Jong Un guided a test of suicide drones and ordered mass production of the aerial weapon, saying the introduction of such drones around the world requires an urgent update of military theory, state media said Friday. Kim “underscored the need to build a serial production system as early as possible and go into full-scale mass production,” state news agency KCNA said. Kim observed a test firing of what appear to be suicide drones alongside military officials at an undisclosed location. That has prompted South Korea to deploy weapons to shoot down North Korean drones. North Korea and Russia have recently ratified a comprehensive strategic partnership that their leaders signed in June, which includes a mutual defense pact.
Persons: Kim Jong, Kim, Kim “, KCNA, ” KCNA Organizations: South Korean, Ukraine, Russian Locations: Russia, Moscow, Ukraine, North Korea, Seoul, South Korea, Korea, frontlines
Images published by North Korean state media show Kim and various officials at the launch site. State media reported that drones “of various types precisely hit the targets” as part of the test. Such self-detonating drones, also sometimes referred to as suicide drones, have been widely used to great effect on the battlefield in Russia’s war in Ukraine and in the Middle East. Images released from North Korean state media KCNA show what it said were self-detonating drone during a test of the unmanned aerial vehicles. KCNANorth Korean leader Kim Jong Un speaks with officials as he oversees a test of self-detonating drones, according to state media KCNA.
Persons: Kim Jong Un, Kim, Kim “, , , Kim Jong, KCNA, Vladimir Putin Organizations: CNN, North, US State Department, Russian, CNN North Korean, Korea’s Defense, Agency, South Locations: North Korean, Ukraine, West, Russia, Kursk, Korean, Ukrainian, Pyongyang, ” Moscow, North Korea, Russian, South Korea, Seoul, Korea’s, Ganghwa
Lunar samples from the Chang'e-6 mission could help explain differences between the near and far side of the moon. Li and his team studied 108 basalt fragments contained in two small samples of the lunar far side soil. Future Chang’e-6 sample researchThe Chang'e-6 probe's return capsule, which contained lunar samples from the moon's far side, is shown on June 25 after landing in China's Inner Mongolia Autonomous Region. Xinhua/ShutterstockThese initial analyses of the lunar soil samples raise questions that will take more time and the study of additional samples to address, Neal said. The space agency declined to comment on the studies but said it is coordinating with US researchers who applied for access to Chang’e-5 lunar samples.
Persons: NASA’s, Russia’s Luna, Clive Neal, China’s Chang’e, ” Neal, , Richard W, Carlson, ” Carlson, Qiu, Li, Neal, Bill Nelson, CNSA Organizations: CNN, NASA, Arizona State University, University of Notre Dame, Chang’e, Carnegie Institution, Planets Laboratory, State Key Laboratory, Chinese Academy of Sciences ’, of Geology, Geophysics, Mongolia Autonomous, Xinhua, China National Space Administration, Apollo, FBI, ” NASA Locations: China, Washington , DC, Xinhua, Mongolia, Mongolia Autonomous Region
CNN —Protesters stormed the parliament of the Russian-backed breakaway Georgian region of Abkhazia on Friday and opposition politicians demanded the resignation of the self-styled president over an unpopular investment agreement with Moscow. Protesters used a truck to smash through the metal gates surrounding the parliament in the capital Sukhumi. Eshsou Kakalia, an opposition leader and former deputy prosecutor general, said the parliament building was under the control of the protesters. “We will now seek the resignation of the current president of Abkhazia,” he was quoted by Russia’s Interfax news agency as saying. Protesters also broke into the presidential administration offices located in the same building as the parliament.
Persons: Russia’s, Protesters, Maxim Reshetnikov, Kristina Ozgan, Aslan Bzhania, Alexander Ankvab, Raul Khadzhimba Organizations: CNN — Protesters, Protesters, Russia’s Interfax, Russian Economy, Abkhazian, Russian Locations: Russian, Georgian, Abkhazia, Moscow, Sukhumi, , Russia, South Ossetia, Georgia, Soviet
CNN —President-elect Donald Trump’s transition team is bypassing traditional FBI background checks for at least some of his Cabinet picks while using private companies to conduct vetting of potential candidates for administration jobs, people close to the transition planning say. It also reflects Trump’s deep mistrust of the national security establishment, which he derides as the Deep State. If Gaetz does not participate in the vetting process, the FBI could still try to do a basic investigation at the request of the Senate. Instead, Trump’s transition team has been focused on conducting its own internal vetting of candidates for top administration jobs. So if Trump’s team continues to skirt the vetting process, those tapped for key roles wouldn’t be able to receive briefings until then.
Persons: Donald Trump’s, Trump, Matt Gaetz, Tulsi Gabbard, Dan Meyer, , , Trump’s, Gaetz, Gabbard, Bashar al, Vladimir Putin’s, Biden, Jared Kushner, won’t, wouldn’t, Mike Waltz Organizations: CNN, Trump, FBI, Justice Department, NATO Locations: Washington, Washington ,, Florida, Syria, Russia, Assad, United States, Ukraine, Moscow
The conversation on Friday was the first time Scholz had spoken with Putin in two years. It comes as the German leader gears up for a snap election and Europe waits to hear US President-elect Donald Trump’s plan for ending the war in Ukraine. “He stressed Germany’s unbroken determination to back Ukraine in its defense against Russian aggression for as long as necessary,” the spokesperson added. Ukraine said however that phone conversations with Putin brought no added value on the path to achieving a “just peace” in Ukraine. But of course, (it is a) question about how Russia spins it.”Scholz to brief alliesThe Kremlin said Putin had told Scholz Russia was willing to look at energy deals if Germany was interested.
Persons: Volodymyr Zelensky, Vladimir Putin, Putin, ” Zelensky, Chancellor Olaf Scholz’s, Scholz, Donald Trump’s, Zelensky, , , Trump, ” Scholz, Scholz Russia Organizations: Berlin Reuters, Kremlin, Reuters, Scholz’s Social, Ukraine, Kyiv, European Union, NATO, Ukrainian Locations: Ukraine, Kyiv, Russia, Berlin, Germany, Baltic, North Korea, Russia’s, Kursk, United States
CNN —As US President-elect Donald Trump continues to make heads turn with nominations for key roles in his incoming administration, Russians are trying to understand the appointments and what impacts they might have for Moscow. Waltz also described Russia as “a gas station with nukes” in an interview with NPR on November 4. Asked about how they viewed the incoming administration and future relations between old adversaries, people were a little more divided. “Trump said that ‘I will do everything for America’, but he did not say a word about Russia,” Sergey told CNN. But I hope, that there will be a good agreement between Russia and Ukraine.
Persons: Donald Trump, Evgeny Popov, Mike Waltz, Donald Trump’s, Waltz, Vladimir Putin, Popov, Trump, Olga Skabeeva, Tulsi Gabbard, Gabbard, ” Skabeeva, Elon Musk, Vivek Ramaswamy, Elon, ” Elena, “ Trump, , ” Sergey, Vladimir Kostyukevich, Joe Biden, Elena, , ” Tatiyana, , Kostyukevich Organizations: CNN, TV, Duma, Ukraine, NPR, Republican, Kyiv, of, Twitter, America Locations: Moscow, Ukraine, Russia, Russian, Israel, Palestine
CNN —A Russian-controlled segment of the International Space Station is leaking, allowing pressure and air to bleed out. The situation has reached a fever pitch as cosmonauts scramble to patch problem areas and officials from Russia’s space agency, Roscosmos, and NASA disagree about the severity of the problem. Looming space station issuesNASA has contingencies in place for crew safety, but the space agency is also grappling with the fact that the leaking Russian module may pose a threat to the safety and longevity of the space station. In addition to Roscosmos, they include the Canadian Space Agency, European Space Agency and Japan Aerospace Exploration Agency. Still, it’s not clear whether the commercial destinations will be ready before the space station is forced to retire.
Persons: CNN —, , , Bob Cabana, Roscosmos, ” Cabana, Cabana, Matthew Dominick, Michael Barratt, Jeanette Epps, Alexander Grebenkin, NASA's, Aubrey Gemignani, ” Roscosmos, , “ We’ve, ” Barratt, “ It’s, Oleg Novitskiy, Barratt —, Dana Weigel, compadres, Barratt, Don Pettit, Pettit, Sunita Williams, Butch Wilmore, Nick Hague, Aleksandr Gorbunov, Jeff Bezos, it’s Organizations: CNN, International, NASA, NASA’s, ISS, SpaceX, NASA's Kennedy Space Center, United, , Roscosmos, Space Station NASA, Zvezda, Station, Space Station, Russian Soyuz, Soyuz, SpaceX Crew, Canadian Space Agency, European Space Agency, Japan Aerospace Exploration Agency, Origin Locations: Zvezda, United States, Russia, Florida, Russian
A Princeton and Harvard grad, Hegseth was CEO of the conservative veteran’s advocacy organization, Concerned Veterans for America, beginning in 2006. He has 20 years’ experience in the military, having served in the Army National Guard as an infantry officer from 2002 to 2021 and leaving service as a major, according to military service records. He also worked as a guard at the US military base at Guantanamo Bay, Cuba, from June 2004 to April 2005. Hegseth has been awarded two Bronze Stars from his combat service. In one June interview on Fox, Hegseth bemoaned the state of the US military’s procurement system and the threat posed by China’s growing military.
Persons: Donald Trump’s, Pete Hegseth, Hegseth, CQ Brown, , “ Fox, , Trump, ” John Noonan, ‘ You’ve, Hugh Hewitt, , they’re, Shawn Ryan, you’ve, ” Hegseth, Brown, Staff —, shouldn’t, Obama, Ben Shapiro, America Allison Jaslow —, who’ve, ” Jaslow, , Biden, neocon, Hegseth –, neocon ”, he’s, , they’ve, Vladimir Putin’s “, Ryan, King, warcrimes, Matthew Golsteyn, Clint Lorance –, Eddie Gallagher, Mark Esper, Gallagher, Golsteyn, Lorance, Jaslow, Tim Parlatore, “ Everyone’s, ” CNN’s Oren Liebermann Organizations: CNN, Fox News, Joint Chiefs, Army National Guard, Star, Pentagon, Trump, Princeton, Harvard grad, Veterans, Republican, Defense Department, Armed, Navy, of Defense, Staff, Air Force, Army Ranger School, Army Special Forces, Naval, Warfare Command, Afghanistan Veterans, Ranger School, Defense, Iraq, Fox, United, “ Fox, , warcrimes CNN, United States Senate Locations: China, Ukraine, America, Iraq, Afghanistan, Guantanamo Bay, Cuba, Washington, United States, Washington ,, Trump, Europe, Poland
The president of Azerbaijan, host of this year’s U.N. climate summit, lashed out at Western critics of his country’s oil and gas industry on Tuesday. Azerbaijan’s finance ministry said the share of oil and gas as a contribution to the economy was declining as the country diversifies. The people need them.”He singled out the United States, the world’s largest historic carbon emitter, and the European Union for particular criticism, accusing them of double standards. The United States is the world’s largest oil and gas producer. Aiming to cut methane emissions from the United States, President Joe Biden’s administration on Tuesday finalized a methane fee for big oil and gas producers.
Persons: Ilham Aliyev, General Antonio Guterres, , Aliyev, bode, Romain Ioualalen, Harjeet Singh, Ali Zaidi, Joe Biden’s, Donald Trump, ” Guterres, Mia Mottley Organizations: European Union, Observers, Shell, World Bank Locations: Azerbaijan, United States, Ukraine, California, New York, Spain, Barbados
Housing-related inflation accounted for half of the monthly rise, and energy prices were flat after dragging down the overall index for four of the past six months. The Consumer Price Index measures price changes across commonly purchased goods and services. Still, October’s increase was to be expected, due to unfavorable comparisons from a year ago and stubborn housing-related inflation. Consensus estimates were for a 0.2% monthly increase and a 2.6% annual increase in the overall CPI, according to FactSet. A potential ‘inflation shock’ in the wingsAlthough the broader US economy survived the sharpest inflation run-up seen in a generation, Americans’ finances — and their sentiment — were far from unscathed.
Persons: , ” Stephen Juneau, Donald Trump, Larry Summers, Kate Bolduan, Trump’s, Lindsay Rosner, Jerome Powell Organizations: CNN, Bureau of Labor Statistics ., Bank of America, BLS, , Trump, Biden, CNN News Central, Federal Reserve, Goldman Sachs Asset Management Locations: Ukraine
New York CNN —Larry Summers has some unsolicited advice for President-elect Donald Trump: Don’t keep your campaign promises — unless you want to send prices skyrocketing once again. “If he carries through on what he said during his campaign, there will be an inflation shock significantly greater than the one the country suffered in 2021,” Summers told Kate Bolduan on CNN News Central on Wednesday. “I hope that he will get the message from this election and adjust his programs so that it’s not inflationary,” Summers told CNN. “In his first term, President Trump instituted tariffs against China that created jobs, spurred investment, and resulted in no inflation,” Karoline Leavitt, a Trump transition spokesperson, said in a statement. They just didn’t want the consequences that came with it in terms of increased inflation,” Summers said.
Persons: Larry Summers, Donald Trump, Summers, Clinton, ” Summers, Kate Bolduan, That’s, Trump, Obama, , ” Karoline Leavitt, ” Scott Bessent, ” Bessent, Axios, Trump “, Kamala Harris, Biden, I’ve, Organizations: New, New York CNN, Treasury, Federal Reserve, CNN News Central, CNN, Trump, Wall Street Journal Locations: New York, China, Ukraine
Total: 25