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The CEO of Perplexity AI shared some principles that guided him as a startup founder. The CEO of Perplexity AI has some tips. Aravind Srinivas, who cofounded the AI startup in 2022, discussed his approach to leading Perplexity in a recent interview at the Stanford Graduate School of Business. AdvertisementThe AI CEO also talked about his approach to running a company as it grew. AdvertisementPerplexity made headlines earlier this year when news publications including The New York Times, Forbes, The Wall Street Journal, and Wired, alleged that the AI startup was improperly using their content without sufficient attribution.
Persons: Aravind Srinivas, IBM's Jonathan Adashek, Srinivas, you've, Perplexity Organizations: Stanford, Stanford Graduate School of Business, New York Times, Forbes, Street Journal, Wired, Associated Press
The strong US dollar can go further in countries with weaker currencies. A weaker currency generally attracts travelers, but makes it more expensive for the residents of that country to travel abroad. Likewise, a strong currency can raise outbound travel demand, but might deter international tourists from visiting that country. A place with a weaker currency compared to the US dollar is one way to maximize that value. AdvertisementHere are five popular tourism destinations where Americans can take advantage of the strong US dollar.
Persons: Amir Eylon, Eylon, NetVoucherCodes Organizations: Longwoods, Japan National Tourism Organization, Wall Street, Argentine Locations: Japan Japan, Japan, Egypt Egypt, British, Argentina, Africa, Brazil
What's next for Meta's metaverse
  + stars: | 2024-12-07 | by ( Devan Burris | ) www.cnbc.com   time to read: +2 min
Facebook changed its name to Meta and Zuckerberg set his sights on a new horizon, the metaverse. "The company Facebook wanted to make clear that it was more than just that one social website." While the term metaverse predates Facebook, Zuckerberg's metaverse ambitions have existed inside Meta since 2014, when Facebook bought virtual reality headset developer Oculus and launched Reality Labs. "We've had a lot of false dawns in virtual reality in the past." In December 2021, Horizon Worlds launched in the U.S. and marked Meta's entrance into the open world virtual reality platform space.
Persons: Mark Zuckerberg, Zuckerberg, Leo Gebbie, Zuckerberg's, We've, CNBC's Jim Cramer, It's, Meta, , Jonathan Vanian Organizations: Facebook, Meta, CCS, Reality Labs, Wall Street, Google, Labs, Ray Locations: Meta, U.S
AdvertisementAuto execs see an opportunity to roll back state EV mandates under President-elect Donald Trump. Nissan and Toyota say state rules requiring a rapid uptick in EV sales are unrealistic. Some auto executives see an opportunity with the incoming Trump administration to roll back state rules requiring a rapid uptick in electric vehicle sales. AdvertisementNow the industry is strategizing how to influence Trump, including on EV sales requirements they view as too ambitious. Those federal rules aren't an "EV mandate," as Trump falsely said on the campaign trail.
Persons: Donald Trump, Trump, Papin, That's, EVs, Biden, Dave Kelleher, Karoline Leavitt, John Bozella, Jack Hollins, Paul Jacobson, Jacobson, It's Organizations: Nissan, Toyota, Trump, EV, Environmental Protection Agency, BMW, Ford, Honda, Volkswagen, Biden, EPA, Chrysler, Dodge, Alliance for Automotive Innovation, Natural Resources Defense Council, Street Journal, General Motors, California's EV, it's Locations: China, California, New York, Washington, DC, Washington ,, Michigan, Pennsylvania, It's China, it's Europe
Older homes are now nearly as expensive as new builds. For the last half-century, newly-built homes in the US have sold for much more, on average, than older homes. But these days, new homes for sale are less expensive per square foot than existing homes. Overall, newly constructed homes are selling for just 3% more than older homes, down from an average of 16% more since 1968, The Wall Street Journal reported. The costs of building materials and construction labor are elevated, which makes repairing or renovating older homes much more expensive.
Persons: Lawrence Yun, Freddie Mac Organizations: Street Journal, Harvard, National Association of Realtors, NAR, National Association of Homebuilders Locations: Midwest, West
Ron DeSantis. Ron DeSantis Sergio Flores for The Washington Post via Getty ImagesCiting sources familiar with the decision-making, NBC News reported that Gov. Ron DeSantis is "very much in contention" to lead Trump's Department of Defense should Hegseth drop out of the running. AdvertisementAmong the potential replacements for Hegseth, DeSantis appears to have emerged as a frontrunner. Ernst, who serves on the Armed Services Committee, was previously under consideration as defense secretary before the president-elect tapped Hegseth.
Persons: Pete Hegseth, Donald Trump, Trump, Hegseth, Kevin Lamarque Hegseth, John Thune, Ron DeSantis, Elbridge Colby, Republican Sen, Joni Ernst of Iowa, Schake, who's, isn't, Matt Gaetz, Ron DeSantis Sergio Flores, DeSantis, Ron DeSanctimonious, Ron DeSanctus, Ron, Ronald D, Sen, Joni Ernst Sen, Joni Ernst, Mariam Zuhaib, GOP Sen, Ernst, Pete Hegseth's, Colby Elbridge Colby, Chad Trujillo Elbridge Colby, Colby, Marco Rubio, hasn't Organizations: Fox News, Army, Senate, Pentagon, Trump, GOP, Fox & Friends, White House, REUTERS, Capitol, CNN, Street Journal, Florida Gov, Republican, Foreign, Defense, American Enterprise Institute, ABC, Gov, Ron DeSantis Florida Gov, The Washington, Getty, NBC News, Trump's Department of Defense, New, US Navy, " Navy, Democratic, Congresisonal Army, Iowa Army National Guard, Armed Services Committee, Iowa Republican, Department of Government, DoD, U.S . Air Force, Staff, Street, The Washington Post, National Defense Locations: China, Ron DeSantis Florida, New Hampshire, Florida, Iraq, hawkish, America
Courts generally defer to the executive and legislative branches on national security matters, but the outcome may depend on whether the court frames the issue solely as a national security question or also considers First Amendment concerns. "There's a lot of good and there's a lot of bad with TikTok," Trump said. However, the app's popularity should not outweigh the national security concerns it poses, particularly given its ties to the Chinese government. Allowing donor-driven priorities to eclipse these legitimate security concerns undermines public trust in the policymaking process and erodes confidence in government institutions. Americans deserve a government that treats national security as a top priority and not one that is negotiable or secondary to the interests of private wealthy donors.
Persons: Trump, hasn't, TikTok, Donald Trump, Jeff Yass, Elon Musk, Meta's Mark Zuckerberg, George Soros —, Republicans —, Soros, PAFACA, Laws, ByteDance's, Dewardric McNeal, Obama Organizations: Trump, Supreme, U.S ., Appeals, Facebook, Street Journal, Mar, Lago, Republicans, Elon, Lawmakers, Foreign, Public, Congress, Senate, PAFACA, Longview Global, CNBC, Defense Department Locations: Jan, U.S, China, ByteDance, Yass, Washington, TikTok, Mar, Asia
AdvertisementElon Musk's xAI plans to make a tenfold increase to the number of GPUs at its Memphis supercomputer. Elon Musk's xAI is ramping up its Memphis supercomputer to house at least 1 million graphic processing units, the Greater Memphis Chamber said on Wednesday. AdvertisementA 'superhuman' taskxAI built its supercomputer, Colossus, at a rapid pace. The supporting facility and supercomputer were built by xAI and Nvidia in just 122 days, according to a press release from Nvidia. Musk's AI startup has also been on a fundraising streak.
Persons: Elon Musk's, Brent Mayo, We're, Colossus —, Jordan Peterson, X, Musk, Jensen Huang, Huang Organizations: Elon, Google, Nvidia, Dell, Greater, Greater Memphis Chamber, Supermicro, xAI, Street Journal Locations: Memphis, Greater Memphis, America
AdvertisementRobert Redford has listed his Tiburon, California, home for $4.15 million. The actor, 88, and his wife want to spend more time in Santa Fe, New Mexico. Robert Redford and his wife have put their secluded home outside San Francisco on the market for $4.15 million. AdvertisementThe roughly 2,824-square-foot home is located in Tiburon, California, a town across the Golden Gate Bridge from San Francisco. The couple also own another home in California, Sundance, Utah, and Santa Fe, New Mexico — where they primarily live.
Persons: Robert Redford, Butch Cassidy, Redford, Sibylle Szaggars Redford, Szaggars Redford Organizations: Sundance, Santa Fe , New Mexico —, Hollywood Reporter, Wall Street, Sundance Film Institute Locations: Tiburon , California, Santa Fe , New Mexico, California, Utah, San Francisco, Tiburon, Sundance , Utah, Santa Fe, LA, Los Angeles, Napa
SpaceX's Starlink system has been linked to Ukraine since terminals arrived there shortly after Russian troops invaded the neighboring country in early 2022. The following year, the Pentagon agreed to purchase Starlink satellite internet terminals for use in Ukraine's ongoing defense against Russia. However, in September 2023, Americans of Ukrainian descent rebuked the SpaceX CEO after it emerged that he had thwarted a major attack on the Russian navy. The UCCA isn't the only group concerned about Musk's relationship with the Kremlin. A month before the Journal story, Newsweek and others reported that Russia had installed Starlink terminals in its Iranian-designed Shahed drones, used in their military offense in Ukraine.
Persons: Elon Musk's, Trump, Musk, Starlink, Michael Sawkiw, Vladimir Putin, Bill Nelson, Sawkiw Organizations: Federal Communications Commission, Ukrainian, Committee of America, SpaceX, Pentagon, Russia, CNBC, FCC, Kremlin, Street, NASA, Newsweek Locations: Warsaw, Poland, American, Russia, Russian, Ukraine, Texas, Crimea, U.S
Welcome to the online version of From the Politics Desk, an evening newsletter that brings you the NBC News Politics team’s latest reporting and analysis from the White House, Capitol Hill and the campaign trail. In today’s edition, national political reporter Bridget Bowman and senior congressional reporter Scott Wong examine the House GOP's math problem after the final race call of the 2024 elections. Rep. Matt Gaetz, R-Fla., resigned from the House last month after Trump selected him to be the next attorney general. More importantly, Biden has now borrowed Trump’s rhetoric to describe what he views as Hunter’s experience with the justice system. The leading Republican in the country (Trump) and the leading Democrat in the country (Biden) have both claimed the system is unjust because of politics.
Persons: Bridget Bowman, Scott Wong, Pete Hegseth's, Washington, Adam Gray, John Duarte, Donald Trump’s, Mike Johnson, Trump, Elise Stefanik, Mike Waltz, Matt Gaetz, Gaetz, Johnson, Stefanik, Kathy Hochul, Read, Pete Hegseth, Frank Thorp V, Rebecca Shabad Pete Hegseth, , ” “, ’ ” Hegseth, Hegseth’s, Penelope Hegseth, , Hegseth, “ I’ve, “ I’m, ” Hegseth, Sen, Joni Ernst, Ron DeSantis, Bill Hagerty, Joe Biden, Chuck Todd, Joe Biden’s, Hunter, Biden, Donald Trump, , What’s, Chuck →, Hunter Biden Organizations: NBC, White House, Capitol, Defense Department, GOP Rep, , United Nations, Rep, Trump, Democratic, CBS News, “ Fox, New York Times, Fox News, Pentagon, Florida Gov, Hunter Biden, Republican, Biden Locations: California’s, New York, Florida, Monterey , California, Iowa, Ukraine, California
President-elect Donald Trump is considering replacing embattled defense secretary choice Pete Hegseth with Florida Gov. Ron DeSantis, according to two sources familiar with the decision-making. Another told NBC News that Trump and DeSantis directly spoke about the issue. Joni Ernst, R-Iowa, and Bill Hagerty, R-Tenn., according to two sources familiar with the decision-making. Hegseth has denied that he mistreated women and did not respond when asked about the drinking allegations Tuesday evening.
Persons: Donald Trump, Pete Hegseth, Ron DeSantis, DeSantis, “ Trump, Joni Ernst, Bill Hagerty, Mike Waltz, Trump, Giorgio Viera, Hegseth, , nicknaming DeSantis, Ron DeSanctimonious, Ernst, meanwhile, Hagerty Organizations: Florida Gov, NBC News, Trump, NBC, Street Journal, Pentagon, Sens, White House, Getty, Republican, New, Navy, Army Reserve, Army National Guard Locations: Iowa, New Hampshire, Iraq, Japan
Thompson was appointed chief executive of UnitedHealthcare in 2021 and had been at the company since 2004. Prior to being named chief executive of UnitedHealthcare, Thompson worked as CEO of the company’s government programs business, which includes its Medicare and retirement businesses. UnitedHealthcare is part of UnitedHealth Group, America’s largest insurance company. Prior to joining UnitedHealthcare in 2004, Thompson worked as a manager and practiced as a CPA at PwC for nearly 7 years. “We join all who are mourning in remembering Brian’s life and legacy.”Thompson is remembered as a beloved leader and friend, according to UnitedHealth Group.
Persons: Brian Thompson, UnitedHealthcare, , , Thompson, Heather Holm, , Brian, ” Holm, ” Thompson, Andrew, Stephen Hemsley, Elizabeth Warren, Ed Markey, Gary Gensler, UnitedHealth, CNN’s Kara Scannell Organizations: New, New York CNN, Corporate, UnitedHealthcare, UnitedHealth, PwC, University of Iowa, Collegiate, Carver, Iowa, South Hamilton High School, South Hamilton Community School District, CNN, Hollywood Firefighters, UnitedHealth Group, US Justice Department, The Justice, Street, Department of Justice, Democratic, Securities and Exchange Commission, The Southern, of Locations: New York, Midtown Manhattan, Corporate America, Minnesota, Jewell , Iowa, South Hamilton, UnitedHealth, of New York
But that was a long time ago — all the way back in September — and a quite a lot has changed. What happened in the two-ish months between the Times’ story and today is pretty simple: Trump won reelection, obviously. Trump also welcomed his faithful “first buddy” Elon Musk into his inner circle, where Musk appears to be relishing his role as a kind of gatekeeper for executives hoping to snag an audience with the president-elect, per the Wall Street Journal. To be sure, plenty of companies are still committed to DEI programs, and not all executives are morphing into insufferable suck-ups. That could be the key to Meta’s future growth as it contends with TikTok and YouTube’s stranglehold on Gen Z.
Persons: Mark Zuckerberg, he’d, Zuck, ” “, , Donald Trump, Clare Duffy, Trump, Zuckerberg, ” Elon Musk, Sam Altman, , Joe Biden’s, tweeting, ” Shaun Harper, Nathaniel Meyersohn, ” Zuckerberg, TikTok Organizations: New, New York CNN, The New York Times, Meta, Times, Street Journal, Walmart, Pride, University of Southern, Trump, CNBC, Facebook Locations: New York, Washington, , University of Southern California
Hegseth vowed to “fight like hell” to win confirmation — and told at least one GOP senator he would quit drinking alcohol if he gets the job. Hegseth said he spoke to Trump on Wednesday and still has the president-elect’s support. In an interview with conservative radio host Megyn Kelly, Hegseth said that Trump told him, “Hey Pete, I got your back. It’s our turn, it’s our time, to stand up and tell the truth, and our side,” Hegseth said. Hegseth told Kelly that Trump told him to “clean house of the woke crap” at the Pentagon.
Persons: Pete Hegseth, Donald Trump’s, Hegseth, Megyn Kelly, Trump, “ Hey Pete, It’s, They’re, , they’d, John Thune, “ We’re, Iowa Sen, Joni Ernst, Virginia Sen, Shelley Moore Capito, Hegseth “, “ There’s, Alaska Sen, Lisa Murkowski —, Susan Collins of, , , Murkowski, Kelly, ” Hegseth, ” “, I’m, God, That’s, ” Timothy Parlatore, CNN’s Jake Tapper, ” Parlatore, Parlatore, Pete, “ you’d, Brett Kavanaugh, Roger Wicker, ” Wicker, CNN’s Manu Raju, Kevin Cramer, he’s, I’ve, Cramer, Hegseth’s, Penelope Hegseth, , ” Penelope Hegseth, “ Pete, Tennessee Sen, Bill Hagerty, everybody’s, ” Hagerty, Hagerty, Josh Hawley, “ It’s, ” Hawley, Hawley, Ron DeSantis, DeSantis, Let’s, Donald Trump, Morgan Rimmer, Ali Main, Steve Contorno, Aaron Pellish Organizations: CNN, Republican, Fox News, Pentagon, Trump, Republicans, GOP, Hegseth, FBI, Armed, Mississippi Republican, North, The New York Times, Florida Gov Locations: Iowa, Virginia, Alaska, Susan Collins of Maine, Tennessee, Trump, Florida
AdvertisementSam Altman offered some kind words for his OpenAI cofounder Elon Musk. Altman and Musk have been embroiled in a legal dispute for the better part of a year. Sam Altman, the CEO and cofounder of OpenAI, had mostly positive words at Wednesday's DealBook Summit for Elon Musk, his OpenAI cofounder and current competitor. Related Video Sam Altman moves to Microsoft after OpenAI fires him as CEO"I grew up with Elon as a mega hero. "I don't think Elon would do it," he added.
Persons: Sam Altman, Elon Musk, Altman, Elon, Andrew Ross Sorkin, I'm, Donald Trump's, Musk, — Musk, OpenAI, Trump, Altman's, didn't, Sorkin Organizations: Elon, Microsoft, Street Journal Locations: Big Sky , Montana
Presidential candidate and Florida Governor Ron DeSantis speaks to a crowd on June 2, 2023 in Gilbert, South Carolina. President-elect Donald Trump is considering replacing embattled defense secretary choice Pete Hegseth with Florida Gov. Ron DeSantis, according to two sources familiar with the decision-making. "Trump talked to the governor and wants him to do it," a source familiar with the conversation told NBC News Tuesday night. Joni Ernst, R-Iowa, and Bill Hagerty, R-Tenn., according to two sources familiar with the decision-making.
Persons: Ron DeSantis, Donald Trump, Pete Hegseth, DeSantis, Trump, Joni Ernst, Bill Hagerty, Mike Waltz Organizations: Florida, Florida Gov, NBC News, Trump, NBC, Street Journal, Pentagon, Sens, White House Locations: Gilbert , South Carolina, Iowa
AdvertisementAWS unveiled a new AI chip and a supercomputer at its Re: Invent conference on Tuesday. It's a sign that Amazon is ready to reduce its reliance on Nvidia for AI chips. Big Tech's next AI era will be all about controlling silicon and supercomputers of their own. Trainium3, which AWS gave a preview of ahead of a late 2025 release, has been billed as a "next-generation AI training chip." Servers loaded with Trainium3 chips offer four times greater performance than those packed with Trainium2 chips, AWS said.
Persons: It's, Tech's, Noah Berger, Matt Garman, OpenAI, Anthropic, Blackwell, Elon Musk, Garman, He'll Organizations: Google, Microsoft, Amazon Web Services, Nvidia, Amazon Web, AWS, Wall Street, Anthropic Locations: Amazon, Rainier, Memphis
AdvertisementAWS announced plans for an AI supercomputer, UltraCluster, with Trainium 2 chips at re:Invent. Moreover, it's also building an AI supercomputer, an UltraCluster made up of UltraServers, in partnership with AI startup Anthropic. AWS' Trainium chips could compete with Nvidia. With "hundreds of thousands" of Trainium chips, it would challenge Elon Musk's xAI's Colossus — a supercomputer with 100,000 of Nvidia's Hopper chips. Garman said that Apple is one of its customers using AWS chips, like Amazon Graviton and Inferentia, for services including Siri.
Persons: Apple, Matt Garman, Garman, it's, there's, , Elon Musk's, Rainier, Hopper, Siri, Benoit Dupin, Dupin Organizations: Nvidia, Apple Intelligence, Amazon Web Services, Apple, JPMorgan, Graphics, Amazon, Wall Street, Google, Microsoft, The, Las, AWS, Amazon Nova Locations: UltraServers
South Korea's president, Yoon Suk Yeol, on Tuesday invoked martial law, a stunning move that threw the nation into turmoil. The last time that a South Korean leader declared martial law was in 1979 following the assassination of the president. South Korea's parliament voted unanimously to block the president's decree, declaring the shocking move invalid, but martial law remains in effect. The semi-official South Korean news agency also said that media and publishers fall under the control of the South Korean military. Hours after Yoon declared martial law, live TV showed South Korea's parliament passing a motion requiring the law to be lifted.
Persons: Yoon Suk Yeol, Yoon, Yoon Suk, Kim Jong, Yoon didn't, South Korea Philip Goldberg, Yoon's, Biden, Han Dong, Lee Jae, Yonhap Organizations: South, People Power Party, Democratic Party of Korea, National Assembly, Associated Press, South Korean, State Department, Power Party, Korean, US National Security, KB Financial Group, POSCO Holdings, Wall Street Locations: Korean, South Korea, Korea's, North Korea, Korea, South
Why your employer might love for you to quit
  + stars: | 2024-12-03 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +7 min
It’s also true, however, that sometimes they would like at least some employees to quit, and not just the underperformers whom they’d otherwise like to fire. When employers might welcome your leavingThere are a myriad reasons why an employer might push people to quit. It’s worth checking, too, if the employment laws in your state impose any other restrictions on the employer. … Poor management is not illegal,” said Brian Heller, an employee-side attorney and partner at Schwartz Perry & Heller in New York. The only leverage you have in this kind of situation is not to quit, since quitting is what your employer wants, Heller noted.
Persons: can’t, It’s, Jesse Meschuk, Donald Trump, , Elon Musk, Vivek Ramaswamy, Trump, ” Meschuk, Meschuk, Joy Webb, Merritt Webb, you’ve, doesn’t, Chris Williams, You’re, Williams, I’m, Brian Heller, Schwartz Perry, Heller, , Webb Organizations: CNN, Fortune, White, of Government, Wall Street, Microsoft Locations: overhiring, North Carolina, New York
AdvertisementBlackRock is nearing a deal to buy private credit firm HPS Investment Partners. HPS would be another major private markets deal for the $11.5 trillion money manager. BlackRock, known for its ETFs, is hoping a shift to private markets will drive growth. BlackRock is set to buy HPS Investment Partners, a private credit behemoth managing $150 billion, in an all-stock deal worth around $12 billion, the Wall Street Journal reported Tuesday morning. The three will now join BlackRock's global executive committee and lead a new unit combining HPS and BlackRock's existing private credit business, according to the WSJ report.
Persons: HPS, Larry Fink, Fink, Izzy Englander's, Scott Kapnick, Goldman Sachs, Scot French, Michael Patterson, Cindy Ord, BlackRock, GIP, Martin, It's Organizations: BlackRock, HPS Investment Partners, Wall Street, Global Infrastructure Partners, Management, Barclays, Investment, JPMorgan, Highbridge Capital Management, HPS Investment, Getty, Private, Wall, Bloomberg, Apollo, KKR, Tennenbaum Capital Partners Locations: BlackRock
AdvertisementElon Musk filed a lawsuit against OpenAI in February, only to briefly withdraw it in June. Elon Musk briefly withdrew his lawsuit against OpenAI in June after he had a conversation with Sam Altman in March, The Wall Street Journal reported on Sunday. Last month, Musk amended his lawsuit to include Microsoft as a defendant and accused Microsoft and OpenAI of forming a monopoly. In addition to suing Altman, Musk recently gave him a nickname: "Swindly Sam." AdvertisementRepresentatives for Altman at OpenAI and Musk did not respond to requests for comment from BI.
Persons: Elon Musk, Musk, Altman, Sam, Sam Altman, Musk's, OpenAI, David Hoffman, BI's Grace Kay, Tesla, xAI Organizations: OpenAI, Street, Microsoft, SpaceX, University of Pennsylvania, Twitter Locations: Big Sky , Montana, That's, OpenAI
AdvertisementBernie Sanders says Elon Musk is right about the Defense Department's wasteful spending. The DOGE co-leader criticized the Pentagon's F-35 program and $841 billion budget last month. Elon Musk has a new supporter in his push to rein in government spending — Sen. Bernie Sanders of Vermont. "Elon Musk is right," Sanders said of Musk's criticisms of the Defense Department's spending in an X post published Sunday. "Cool," Musk said in an X post in response to a New York Post story about Sanders' remarks on defense spending.
Persons: Bernie Sanders, Elon Musk, Musk, Sanders, — Sen, It's, Donald Trump's Organizations: Defense, SpaceX, Donald Trump's Department, Government Locations: Vermont
AdvertisementChina is studying the effects of Western sanctions on Russia to prepare for any invasion of Taiwan. China is closely monitoring the effects of Western sanctions on Russia in order to prepare for a possible invasion of Taiwan, The Wall Street Journal reported, citing people familiar with the matter. Alexander Gabuev, the director of the Carnegie Russia Eurasia Center, told the Journal that Russia is serving as a "sandbox" for China for how sanctions operate and how they should handle them. AdvertisementEven so, Russia's economy has been heavily impacted by the ongoing conflict and the Western sanctions imposed on it. Advertisement"Essentially, the experience of the last three years substantially reduced the fear of large authoritarian states with respect to Western sanctions, and this is very concerning," he said, adding that China-Russia economic cooperation would make any future Western sanctions against China less effective.
Persons: Alexander Gabuev, Alexander Libman, Libman Organizations: Street Journal, Carnegie Russia Eurasia Center, Free University of Berlin Locations: China, Russia, Taiwan, Ukraine, Moscow, Beijing, India, Turkey, USSR
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