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☆ Biden's authority is draining away in real time
▼ + stars: | 2024-07-19 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

Read previewAs former President Donald Trump was delivering his marathon speech at the RNC Thursday night, President Joe Biden was holed up in isolation, having been diagnosed with COVID-19. Senate Majority Leader Chuck Schumer, per reports, told Biden on a call Saturday that it'd be best if he dropped out, too. AdvertisementThe support of his party that sustains his position leading the country is draining away — with some congressional Democrats now prepared to make their calls in public. An advisor told media outlets: "Joe Biden is his party's nominee. As the weekend approaches, it appears likely that Joe Biden's attempts to rescue his reelection bid have reached a crunch point.

Persons: —, Donald Trump, Joe Biden, Biden, he's, Barack Obama, Nancy Pelosi, Chuck Schumer, it'd, Trump, Kamala Harris, who's, He's, Joe Biden's Organizations: Service, RNC, Trump, Business, Washington Post, Democratic Party, Democratic, NORC, for Public Affairs Research, New York Times, Times, NBC News Locations: Congress, New York, Pennsylvania, United States

☆ Political assassinations are on the rise. It's a symptom of growing global instability.
▼ + stars: | 2024-07-18 | by ( Tom Porter | ) www.businessinsider.com time to read: +7 min

AdvertisementA wave of violence against political leadersAround the world, politics has been rocked by a wave of assassinations of political leaders, dissidents, and other high-profile figures. In the UK, political assassinations were once rare, but two members of parliament were assassinated in five years. Political violence is on the riseA 2018 protest in Turkey against the murder of Jamal Khashoggi, a Saudi dissident. Bruce Hoffman, an expert on terrorism at the Council on Foreign Relations, told Business Insider that rising political violence is the outcome of increasing global instability. - Getty ImagesAnother factor behind the spike in assassinations is the increasing instability of the global political order.

Persons: —, Donald Trump, It's, Jo Cox, Sir David Amess, Robert Fico, Alexander Navalny, Vladimir Putin, Shinzo Abe, Fernando Villavicencio, Zoran Djindjic, Jamal Khashoggi, Mohammed bin Salman, Emrah, Bruce Hoffman, Hoffman, Trump, Joe Biden, General Merrick Garland, Christopher Wray, Gretchen Whitmer, Paul Pelosi, Nancy Pelosi, who'd, Tommy Mair, John Bolton, Volodymyr Zelenskyy, Nicholas Maduro, Abe, Jacob Ware Organizations: Service, CNN, Business, Slovakian, Kremlin, Serbian, CIA, University of Maryland's, Council, Foreign Relations, Trump, New York Times Locations: Pennsylvania, Saudi Arabian, Saudi, Turkey, Saudi Arabia, Michigan, Washington , DC, Slovakia, India, Iran

☆ The Trump shooter's motive remains a mystery, even to those who knew him
▼ + stars: | 2024-07-15 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

Read previewAs details emerge about the background of the man who tried to assassinate Donald Trump, his motive remains a mystery. The shooter, who has been named Thomas Matthew Crooks, 20, of Bethel Park, Pennsylvania, tried to kill Trump during a rally in Pennsylvania. In 2022, he graduated from Bethel Park High School with a prize for math and science, which was also awarded to around a dozen other students, reported the Pittsburgh Tribune-Review. AdvertisementDuring a brief press conference from the White House, President Joe Biden said investigators had not yet determined Crooks' motive. The FBI told the AP he appeared to have acted alone and had bomb-making materials in the vehicle he drove to the rally.

Persons: —, Donald Trump, Thomas Matthew Crooks, Trump, Neighbors, Crooks, Kevin Rojek, Rojek, Joe Biden, Biden, it'd, he'd, Jameson Myers, Max R, Smith, Tom, That's, Jason Kohler, Kohler, Jim Knapp, Knapp, Michael Dudjak, hadn't, Abdulloh Rakhmatoz, Rakhmatoz Organizations: Service, Investigators, Business, Financial Times, Bethel Park High School, Pittsburgh Tribune, FBI, ABC News, Associated Press, White, Philadelphia Inquirer, NBC News, Reuters, Financial, Pittsburgh CBS Locations: Bethel Park , Pennsylvania, Pennsylvania, Bethel Park, Pittsburgh, Bethel

☆ Trump told his former White House doctor he would have been shot 'right in the head' if he hadn't turned to look at an immigration statistics chart
▼ + stars: | 2024-07-15 | by ( Kwan Wei Kevin Tan | Tom Porter | ) www.businessinsider.com time to read: +1 min

Trying to get a better look at an immigration statistics chart might have saved Donald Trump's life. Trump told an ally that if he hadn't tilted his head, he might have been shot, per The New York Times. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFormer President Donald Trump might have lost his life on Saturday if he hadn't tilted his head to look at an immigration statistics chart.

Persons: Donald Trump's, Trump, —, Donald Trump Organizations: New York Times, Service, Secret Service, Business Locations: Pennsylvania

☆ Russia plotted to assassinate the CEO of a German arms firm making weapons for Ukraine as the Kremlin ramps up its covert campaign against the West
▼ + stars: | 2024-07-12 | by ( Tom Porter | ) www.businessinsider.com time to read: +1 min

Russia plotted to assassinate an executive of a German armaments firm, CNN reported. The reported target was Rheinmetall CEO Armin Papperger. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS intelligence helped thwart a Russian plot to kill the CEO of a German arms firm that has made munitions and military equipment for Ukraine, according to reports.

Persons: Armin Papperger, Dmitry Peskov, — Organizations: CNN, Rheinmetall, Service, Russian, Business Locations: Russia, Ukraine

☆ Ukraine will likely have to wait a year before it's able to launch another counteroffensive, NATO official says
▼ + stars: | 2024-07-12 | by ( Tom Porter | ) www.businessinsider.com time to read: +1 min

The NATO summit is being held in Washington, DC, with Russia's invasion of Ukraine a key topic. NATO has agreed to provide Ukraine with $40 billion in new military aid, but it won't arrive soon. Ukraine may have to wait another year before launching a counteroffensive, one NATO official said. AdvertisementUkraine may have to wait another year before launching a new counteroffensive against Russian forces, a NATO official told The New York Times. During the NATO summit in Washington, DC, this week, members of the military alliance agreed to provide Ukraine with $40 billion in new military aid to fight the Russian invasion.

Persons: — Organizations: NATO, Service, Russian, New York Times, Times, Business Locations: Washington ,, Ukraine, Russian

☆ Putin's war of attrition is coming at a massive cost, with 5,000 soldiers killed or injured in the battle for one neighborhood
▼ + stars: | 2024-07-11 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Read previewRussia's war of attrition in Ukraine is coming at a huge cost in killed and injured troops, with a Ukrainian official claiming Russia suffered 5,000 casualties in battles for one neighborhood alone. Related storiesHavrylyuk pointed to massive Russian casualties he said its military was sustaining, claiming that 5,000 Russian troops were killed or injured in battles for control of a single district in the strategically vital town of Chasiv Yar in Donetsk, east Ukraine. AdvertisementThe hilltop town has been the scene of ferocious fighting in recent weeks, with Russian forces managing to seize control of a district last week. The ISW said that high casualties were part of Russian President Vladimir Putin's strategy to grind out a victory in Ukraine through a war of attrition.

Persons: —, Ivan Havrylyuk, Havrylyuk, Putin, Vladimir Putin's Organizations: Service, Business, Russian, Institute for Locations: Ukraine, Russia, Ukrainian, Chasiv Yar, Donetsk, US, Kharikiv, Russian

☆ One of Biden's most faithful allies appears ready to break
▼ + stars: | 2024-07-11 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

AdvertisementAccording to The Washington Post, top union leaders have privately expressed concerns about Biden's ability to beat Trump in November. AdvertisementLosing support from laborAccording to Politico's Jonathan Martin, support from the unions is likely Biden's only path to survival against Trump. The AFL-CIO told the Associated Press on Thursday that Biden's "fighting spirit" was on full display during his meeting with union leaders this week. He "wasn't even the Joe Biden of 2020," said Clooney. AdvertisementIf union leaders join the chorus of voices asking Biden to step down, other key supporters may quickly follow.

Persons: —, Joe Biden, Biden, Sara Nelson, Shawn Fain, Biden's, David McCall, Politico's Jonathan Martin, Anita Dunn, Sen, Peter Welch of, George Clooney, wasn't, Clooney, Chuck Schumer, Axios, Nancy Pelosi Organizations: Service, NATO —, AFL, America's, Business, The Washington Post, Trump, Association of Flight, United Auto Workers, The Association of Flight, Democratic, United Steelworkers International, Politico, Blacks, Associated Press, CBS, The New York Times Locations: Peter Welch of Vermont

☆ A new US-Swedish bomb may have already been pulled from Ukraine because it's useless against Russian jamming
▼ + stars: | 2024-07-10 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Read previewA new precision-guided US weapon has been pulled from use by the Ukrainian military because Russia is taking them out using electronic warfare, according to reports. This story is available exclusively to Business Insider subscribers. It's one of a number of precision-guided US weapons that Russia has been able to neutralize or reduce the effectiveness of using electronic warfare in Ukraine. Russian electronic warfare units have blunted the effectiveness of HIMARS-fired Guided Multiple Launch Rocket Systems and air-launched Joint Direct Attack Munitions. In Ukraine, old-school artillery shells that aren't vulnerable to electronic warfare are playing a major role in the war of attrition on the front lines.

Persons: —, Business Insider's Mia, Bill LaPlante, they'll Organizations: Service, Wall Street Journal, Boeing, Saab, Business, Defense, Reuters, Systems, Attack Munitions, BI Locations: Russia, Swedish, Ukraine, Crimea, Russian, North Korea

☆ Fear of China is behind India's exuberant display of friendship with Vladimir Putin
▼ + stars: | 2024-07-09 | by ( Tom Porter | ) www.businessinsider.com time to read: +1 min

India's Prime Minister Narendra Modi is in Russia to visit its president Vladimir Putin. It's a visit that risks annoying India's ally the US. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWhen India's prime minister arrived in Moscow on Tuesday, he greeted Russia's famously chilly president, Vladimir Putin, with an exuberant bear hug. But Prime Minister Narendra Modi's fear of China — a key Russian ally — means that he's willing to risk American anger to keep Putin close.

Persons: Narendra Modi, Vladimir Putin, It's, Modi, Putin, —, Russia's, Narendra Modi's Organizations: India's, Service, Business Locations: Russia, Moscow, New Delhi, Ukraine, China, Russian

☆ Biden's debate disaster has thrown this week's NATO summit into chaos
▼ + stars: | 2024-07-08 | by ( Tom Porter | ) www.businessinsider.com time to read: +1 min

The NATO summit is being held in Washington, DC, this week. It comes amid rising global conflict and turmoil. But questions about President Joe Biden's political future will overshadow the meeting. But it's the political future of the alliance's most powerful member, the US, that will be among the core focus of discussions. Following his disastrous debate performance against former US President Donald Trump on June 28, President Joe Biden's political future is in question just months before the November election.

Persons: Joe Biden's, —, Donald Trump Organizations: NATO, Service, Washington , D.C, Business Locations: Washington ,, Ukraine, Taiwan

☆ Russia is using devastating 'meat assault' attacks to find out where Ukraine's firepower is hidden: report
▼ + stars: | 2024-07-05 | by ( Tom Porter | ) www.businessinsider.com time to read: +1 min

Russia is using waves of troops in head-on "meat assault" attacks, the BBC said. Russia's using them to identify Ukrainian firepower positions, an officer told the outlet. Around 1,000 Russian troops a day are being killed or injured, reports say. AdvertisementRussia is using head-on attacks by waves of troops to identify Ukrainian firepower positions, a Ukrainian officer told BBC News. In a report on Russia's brutal front-line tactics near Kharkiv in Ukraine, troops described the waves of Russian attacks on their positions, describing them as "meat assaults."

Persons: —, Col Anton Bayev Organizations: BBC, Service, BBC News, Khartia Brigade, Ukraine's National Guard, Business Locations: Russia, Ukrainian, Kharkiv, Ukraine

☆ Michelle Obama May Be Only Person Who Could Replace Biden, Beat Trump
▼ + stars: | 2024-07-04 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Read previewFormer First Lady Michelle Obama is the only Democrat capable of beating Donald Trump should President Joe Biden drop out of the race, a poll found. Around 50% said they would vote for Obama, while only 39% said they would vote for Trump. AdvertisementOther potential Democratic candidates all polled lower than Trump, with Vice President Kamala Harris trailing Trump at 43%-42%, California Gov. "Mrs. Obama supports President Joe Biden and Vice President Kamala Harris' re-election campaign." Obama campaigned for Biden in 2920, delivering the keynote speech at the DNC convention where she warned of the dangers of a second Trump term.

Persons: —, Lady Michelle Obama, Donald Trump, Joe Biden, Obama, Biden, Kamala Harris, Gavin Newsom, Gretchen Whitmer, Michelle Obama, Mrs, he'd, She's, Barack Obama Organizations: Service, Trump, Democratic, Business, Trump ., Republican, Michigan Gov, NBC News, DNC, Biden, Washington Post Locations: California

☆ Michelle Obama may be the best person to replace Biden and beat Trump — but she's unlikely to step up
▼ + stars: | 2024-07-04 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Read previewFormer First Lady Michelle Obama is the only Democrat capable of beating Donald Trump should President Joe Biden drop out of the race, a poll found. Around 50% said they would vote for Obama, while only 39% said they would vote for Trump. AdvertisementOther potential Democratic candidates all polled lower than Trump, with Vice President Kamala Harris trailing Trump at 43%-42%, California Gov. "Mrs. Obama supports President Joe Biden and Vice President Kamala Harris' re-election campaign." Obama campaigned for Biden in 2020, delivering the keynote speech at the DNC convention where she warned of the dangers of a second Trump term.

☆ Russia's frenemy China is quietly trying to dampen Putin's influence
▼ + stars: | 2024-07-03 | by ( Tom Porter | ) www.businessinsider.com time to read: +1 min

Members of the Shanghai Cooperation Organization are meeting in Kazakhstan Wednesday. Russia and China are competing over influence in Central Asia. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe leaders of a club of countries touted by Russia and China as a counterweight to Western global power are meeting this week in Kazakhstan. At the Shanghai Cooperation Organization (SCO) in Kazakhstan's capital Astana, Russia's President Vladimir Putin is scheduled to meet China's President Xi Jinping.

Persons: —, Vladimir Putin, Xi Jinping Organizations: Shanghai Cooperation Organization, Kazakhstan, Service, SCO, Astana, China's, Business Locations: Russia, China, Central Asia, Kazakhstan, Kazakhstan's

☆ Russia is losing 1,000 soldiers a day in its relentless 'meat grinder' tactics against Ukraine: report
▼ + stars: | 2024-06-28 | by ( Tom Porter | ) www.businessinsider.com time to read: +1 min

Russia is sustaining high casualties in attacks in Ukraine, The New York Times reported. Around 1,000 Russian troops a day were killed or wounded, officials told the publication. But Russia is able to recruit new troops to replace the casualties, according to the Times. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . It said Russia's total number of killed or wounded since it launched the invasion in February 2022 now stood at around 500,000.

Persons: — Organizations: The New York Times, Times, Service, Business Locations: Russia, Ukraine, The

☆ China's historic moon mission is just the start of its plans to dominate space
▼ + stars: | 2024-06-25 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

On Tuesday, its Chang'e-6 lunar probe successfully returned to Earth carrying the first-ever samples from the moon's far side. They signify China's growing prowess in orbit, as well as its potential to someday leapfrog the US in the race to dominate space. The moon's far sideThe moon's far side is considered particularly challenging to explore because of its craters and the difficulty of maintaining communications with vehicles landing there. The latest mission, which launched on May 3, is China's second successful landing on the moon's far side, with the first launched in 2019. The space race heats upChina is now rivaling the US and Russia as a leading space power.

Persons: —, Astrobiotic, Simone Dell'Agnello, Xi Jinping, Bill Nelson, it's Organizations: Service, Earth, Business, NASA, Wall Street, Analysts, Pentagon Locations: China, Mongolia, Russia

☆ Vladimir Putin and Kim Jong Un are getting closer — and China has reason to be worried
▼ + stars: | 2024-06-24 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

Read previewRussia's President Vladimir Putin and North Korean leader Kim Jong Un recently signed a defense pact to protect against what they characterized as the malign forces of US imperialism. AdvertisementXi Jinping and Kim Jong Un watch a large group callisthenics and art performance at the May Day Stadium in Pyongyang, DPRK, June 20, 2019. An emboldened Kim Jong UnRussia's extra military power could embolden Kim to act more erratically and aggressively. AdvertisementThis means that China has enough influence over both Russia and North Korea to exert control over their new alliance. However, "they do know that China plays an irreplaceable role for both Russia and North Korea," she said.

Persons: —, Vladimir Putin, Kim Jong, it's, Putin, Kim, Xi Jinping, Danny Russel, Obama, Xi, embolden Kim, Russell, Yun Sun Organizations: Service, North, Business, Associated Press, Xinhua, Agency, Getty Images, Stimson, CNN Locations: East Asia, Russia, North, China, DPRK, Asia, North Korea, Korea, Ukraine, Beijing, Pyongyang, Getty Images Russia, Washington

☆ South Korea said it might send weapons to Ukraine after Putin signed a security pact with its biggest enemy
▼ + stars: | 2024-06-21 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Read previewSouth Korea said it could send weapons to Ukraine after Russia signed a security pact with Seoul's biggest regional foe, North Korea. Putin became the first Russian leader to visit North Korea in a quarter of a century this week, cementing an alliance with the pariah state. Putin, on a trip to Vietnam Friday, warned South Korea against arming Ukraine in response, saying that it would be a "big mistake." Moscow "will... [make] decisions which are unlikely to please the current leadership of South Korea" if it goes ahead and sends weapons to Ukraine, Putin said, reported BBC News. But he also said that South Korea has "nothing to worry about" from the new pact as long as it doesn't commit acts of aggression toward North Korea.

Persons: —, Chang Ho, Kim Jong Un, Chang, Putin, Russia's, Cho Tae, yul, Antony Blinken Organizations: Service, Seoul's, Korean, North, Business, UN Security Council, UN, South, BBC Locations: Korea, Ukraine, Russia, North Korea, Pyongyang, Russian, East Asia, South Korea, Japan, Vietnam, Moscow

☆ GPS jamming now seems to be impacting transatlantic flights
▼ + stars: | 2024-06-20 | by ( Tom Porter | ) www.businessinsider.com time to read: +1 min

The first known instance of GPS jamming impacting transatlantic flights has been recorded. According to air traffic control data, a flight was forced to operate in a "degraded mode." Russia is suspected of being behind GPS jamming in the Baltic region. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe first known instance of GPS jamming impacting a flight on transatlantic routes has been reported.

Persons: — Organizations: Service, Navigation Foundation, GPS, Business Locations: Russia, Baltic, Madrid, Toronto

☆ China could soon have to choose between fueling the Ukraine war and its access to Europe's economy
▼ + stars: | 2024-06-18 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

Read previewNATO Secretary General Jens Stoltenberg this week warned China it faces a stark choice if it continues backing Russia's Ukraine invasion. "But the reality is that China's fueling the largest armed conflict in Europe since World War II. In response, China has said it is not a party to the Ukraine war and that there should be no interference with trade between China and Russia. AdvertisementChina-Europe tensions increaseIt's not just China's support for Russia that appears to be focusing European minds on the potential threat it poses. Both have taken a critical stance towards Ukraine and appear keen to do more business with China, in defiance of EU policy.

Persons: —, Jens Stoltenberg, Xi, Stoltenberg, Emanuel Macron Organizations: Service, Publicly, Business, West, European Commission, US, European Union, Financial Locations: China, Ukraine, Europe, Beijing, Russia, Germany, Hungary, Serbia

☆ Key holdouts at a Ukrainian diplomatic summit are proof that Putin's diplomatic playbook is working
▼ + stars: | 2024-06-17 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

Read previewOver the weekend, Ukraine's President Volodymyr Zelenskyy rallied countries from around the world to support his call for Russia to end its invasion. It has been especially effective in the "global South" of non-Western powers whose wealth and influence on world affairs is growing. AdvertisementHowever, powerful non-Western countries refused to take part. Russia has also seized on claims that Western support for Israel in its war against Hamas is evidence of hypocrisy. AdvertisementIt is to Putin's advantage when those countries see Russia vs. Ukraine and Israel vs. Hamas as equivalent struggles, both complex enough to avoid taking a side.

Persons: —, Volodymyr Zelenskyy, Zelenskyy, Russia wasn't, didn't, Ukraine —, Vladimir Putin, Putin, Natalie Sabanadze, Pavan Kapoor Organizations: Service, BBC, Business, Ukraine, West, Chatham, ANC, Israel, Hamas Locations: Russia, Switzerland, China, Saudi Arabia, Brazil, India, South Africa, Ukraine, American, Moscow, Soviet, West, USSR, Soviet Union, Pakistan, Western, Israel, Indian

☆ Saudi Arabia looking to China for a lifeline for its futuristic city could mean trouble for the US
▼ + stars: | 2024-06-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at how Saudi Arabia is courting Chinese investors for help with its massive, futuristic city facing financial issues. NeomSaudi Arabia's dreams of a futuristic city are turning into a financial nightmare, and one of its solutions could spell trouble for the US. Since 2017, the Kingdom has touted big plans for the desert megacity Neom . AdvertisementThe city plans to heavily use renewable energy, a key area of focus for China as it digs itself out of its economic hole . But a soft real estate market and a trail of angry business partners and customers are threatening to thwart his big plans .

Persons: —, Prince Mohammed bin Salman's, Neom's, hasn't, Tom Porter, Prince, Aaron Weiner's, Weiner, Justin Sullivan, it's, they'd, Tyler Le, Giovanna Ventola, Michael Shvo, Shvo, Tesla, Jose Uribe, Sen, Bob Menendez, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith, Amanda Yen Organizations: Service, UEFA, Business, Neom, US, International Monetary Fund, Bank of America, Apple, Apple Intelligence, OpenAI, Amazon, Bonnaroo Music, Arts Festival, Post Malone Locations: Saudi Arabia, Neom, Saudi, Kingdom, China, Gaza, New York, London

☆ Biden says that the US will back Ukraine for a decade. It may prove a hollow promise.
▼ + stars: | 2024-06-14 | by ( Tom Porter | ) www.businessinsider.com time to read: +1 min

US President Joe Biden at the G7 pledged a decade of security support for Ukraine. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAt the G7 summit in Italy on Thursday, Ukraine's President Volodymyr Zelenskyy hailed a "historic" new 10-year security deal signed with US President Joe Biden. Under the deal, the US will work with Ukraine for the next decade to boost its military capabilities, its defense industrial base, its economy, and its energy infrastructure. The G7 also provided Ukraine with a much-needed $50 billion loan, which will be paid back using interest on frozen Russian assets.

Persons: Joe Biden, —, Volodymyr Zelenskyy Organizations: Ukraine, Service, Ukraine's, US, Business Locations: Ukraine, Russia, Italy

☆ Saudi Arabia is seeking billions in Chinese investment for Neom. But it comes with a massive risk.
▼ + stars: | 2024-06-13 | by ( Tom Porter | ) www.businessinsider.com time to read: +7 min

Read previewAt a recent exhibition in Hong Kong, Saudi Arabia showcased its futuristic vision for its planned Neom megacity. It was part of Saudi Arabia's drive to secure billions in new investment for the project, which is the centerpiece of Saudi ruler Mohammed bin Salman's Vision 2030 strategy. China sees Saudi Arabia as not just a business opportunity but a way of undercutting the influence of its longtime Saudi ally, the US. AdvertisementIn April, Saudi Arabia's Public Investment Fund-subsidiary Alat signed a deal with Dahua Technology, one of China's most important surveillance technology firms. "The main risk today to Saudi Arabia's tech cooperation with China is the growing China-US tech war.

Persons: —, Mohammed bin Salman's, Xi Jinping, Mohammed bin Salman Al Saud, Yue Yuewei, Leonard Chan, Robert Mogielnicki, Abdullah Al, Crown Prince Mohammed, Alat, GREG BAKER, Camille Lons, Neom that's, Saudi Arabian Crown Prince Mohammed bin Salman, Saudi Arabia's, Biden Organizations: Service, Business, Saudi, Saudi Crown Prince, Getty, Hong Kong Innovative Technology Development Association, Gulf States Institute, Crown, Public Investment Fund, Dahua Technology, US, European Council, Foreign Relations, Saudi Arabian Crown, New York Times Locations: Hong Kong, Saudi Arabia, Saudi, Riyadh, Xinhua, China, Washington, Neom, Riyadh Tower, Beijing, Israel

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