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President Joe Biden cited pressure from House Democrats when asked by CBS why he abandoned his 2024 run. The president reiterated in a Sunday interview that he believed he stood a strong chance against Trump. But his allies thought he might damage their chances in their own campaigns, he said. Go to newsletter preferences Thanks for signing up! AdvertisementPresident Joe Biden said Democratic lawmakers pressured him to withdraw from the November election because they feared he would damage their own political campaigns.
Persons: Joe Biden, , Robert Costa, Biden Organizations: Democrats, CBS, Trump, Service, Democratic, Sunday, Business
A Chinese company just kicked off its planned 15,000-strong satellite network to rival Starlink. The Thousand Sails Constellation, run by a Shanghai firm, plans to reach that final tally by 2030. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA Chinese state-backed company has launched its first 18 satellites in its bid to build a vast orbital network aimed at rivaling Starlink, according to local media.
Persons: Starlink, Organizations: Sails, Service, Shanghai Spacecom Satellite Technology, China Securities Journal, Xinhua, Business Locations: Shanghai, Starlink, Taiyuan, Shanxi province
Chinese state TV showed armed commandos riding electric skateboards in a combat exercise. The naval special forces also deployed drones designed to flap like an eagle and a sparrow. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementChina's special forces showcased electric skateboards, jet surfboards, and other gadgets in a combat demonstration televised on Thursday.
Persons: Organizations: Service, China Military TV, Nanchang Infantry Academy, Jiaolong Commandos, Business Locations: Jiangxi
Volodymyr Zelenskyy said Russia has shifted its focus away from Kharkiv, concentrating instead on the east. His statement comes months after Moscow pushed into Kharkiv from the north with thousands of troops. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUkrainian President Volodymyr Zelenskyy said on Wednesday that Russia has moved its focus away from Kharkiv and to the eastern front, with fighting intensifying near the city of Pokrovsk. This story is available exclusively to Business Insider subscribers.
Persons: Volodymyr Zelenskyy, hasn't, , Zelenskyy Organizations: Service, Kharkiv, Pravda, Business Locations: Russia, Kharkiv, Moscow, Pokrovsk
The US once floated nuclear retaliation in 1958 if China invaded Taiwan, and stationed nuclear weapons on the island until 1974. It would essentially tell Beijing that an invasion of the island risks nuclear war, he said. "What's the benefit of reassuring Xi that our nuclear weapons are not relevant?" "So relatively low-yield nuclear weapons could destroy that amphibious force and do little to no collateral damage onshore in Taiwan." He added that threatening war — much less nuclear war — over Taiwan would be deeply unpopular at home.
Persons: , David Kearn, Kearn, — he'd, Greg Weaver, Weaver, Obama, Matthew Kroenig, James Acton, Greg, Matt, Kroenig, Lyle Goldstein, Goldstein, we're, Acton, Francesca Giovannini, Giovannini, Xi Jinping, Xi, It's, Marshall Billingslea, Billingslea, Rebeccah Heinrichs, Jake Werner Organizations: Service, John's, Atlantic Council, Pentagon, Business, RAND, US Defense, Joint Chiefs of Staff, Defense Department, Nuclear, Carnegie Endowment, International, China Initiative, Brown University, International Peace, Harvard University's Kennedy, Georgetown University, US State Department, Hudson, Keystone Defense Initiative, Kroenig, East Asia, Quincy Institute, Responsible, Johns University Locations: St, Taiwan, China, Beijing, Washington, Korea, Japan, Taiwan Strait, Washington , DC, Guam, South China, Russia, United States, Bejing, South Korea
Ukraine was reported this week by Russian sources to have destroyed an MI-8 helicopter with a drone. It would be the first known successful attempt by Kyiv's forces to attack Russian helicopters with drones. If true, it marks a tentative expansion to the growing list of combat functions that low-cost drones can bring. AdvertisementUkraine used one or several lightweight exploding drones to fell a Russian MI-8 helicopter in Donetsk this week, according to Russian military bloggers. A picture of a burning wreck in a field was shared on Wednesday by Russian military bloggers, who said the photo showed the remains of the MI-8 helicopter.
Persons: Organizations: Service Locations: Ukraine, Russian, Donetsk
Read previewHundreds of people thronged the Guangzhou office of the e-commerce platform Temu in rallies this month, protesting fines and refund policies they said are destroying small merchants' profits. About 80 merchants gathered on Monday on the 30th floor of the Guangzhou office building, with some eventually gaining entry to the company premises, Chinese outlet Yicai reported. The China Securities Journal, a Beijing-based outlet run by state agency Xinhua, wrote that merchants had approached the Guangzhou office about 10 times in July over their complaints. On China's social media, anger is mounting toward what is being seen as Western shoppers taking advantage of Chinese merchants. "Foreigners can buy products from Chinese merchants, receive the goods, and not spend any money," wrote one blogger based in Hebei.
Persons: , Temu Organizations: Service, PDD Holdings, Business, South China Morning, China Securities Journal, Xinhua Locations: Guangzhou, Temu, Beijing, Hebei, China
Read previewThe COVID pandemic was an unprecedented boom for the Pokémon card business. Few can forget the $3.5 million YouTuber-boxer Logan Paul blew on a pack of Pokémon cards that turned out to be GI Joe collectibles. He estimated that last year, PSA graded at least 6 million Pokémon trading cards out of the total 14 million it processed. It's made a lifetime total of more than 64.8 billion Pokémon cards since 1999, and production has been accelerating rapidly since the pandemic. Most customers wait a maximum of two months for their graded card, which returns with a rating between 1 and 10.
Persons: , Logan Paul, It's, Ryan Hoge, Hoge, Pokémon, John Keeble, Jens Ishoey Prehn's, IDA MARIE ODGAARD, Ritzau Scanpix, Yu Organizations: Service, Sports, Business, Nintendo, Getty, PSA, IDA Locations: London, Niva, Denmark, AFP, Japan, California, Tokyo, California , New Jersey
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA new high-profile report on US national defense acknowledged that the Pentagon could deplete its munitions within "three to four weeks" in a protracted war with China. Some important munitions, such as anti-ship missiles, could last only a few days, the commission warned. As an example, they cited a 2022 report from the Royal United Services Institute about the war in Ukraine. Defense industry 'grossly inadequate' even in peacetimeThe US commission warned that defense production as a whole is in bad shape, saying the wider industry doesn't have the capacity to meet national needs even in peacetime.
Persons: Organizations: Service, Business, Army, Democratic, Center for National American Security, Royal United Services Institute, Defense, Department Locations: China, Russia, Ukraine, United States, Donbas, Iran, North Korea
Read previewThe local SWAT team assigned to guard former President Donald Trump's rally on July 13 said it had "no communication" with the Secret Service before a gunman tried to assassinate him. In an interview published by ABC on Sunday, Woods and his team members said the first time they communicated with Secret Service agents on the ground was only after the shooting. But The Washington Post reported on Sunday that Secret Service members on Trump's detail complained they never received the warning from the countersnipers in the AGR building. The aftermath of the assassination attempt, which put Trump within inches of losing his life, has been a reckoning for the Secret Service. "The assassination attempt of former President Trump on July 13th is the most significant operational failure of the Secret Service in decades," Secret Service director Kimberly Cheatle said on July 22.
Persons: , Donald Trump's, Jason Woods, Woods, Trump, countersnipers, Thomas Crooks, Crooks, countersniper, Kimberly Cheatle, Cheatle Organizations: Service, SWAT, Secret Service, Beaver County , Pennsylvania SWAT, ABC, Business, Secret, Glass Research, New York Times, The Times, Washington Post, Trump, FBI Locations: Beaver County , Pennsylvania
China said Taiwanese workers in the mainland have nothing to fear if they "don't break the law." The comment comes as Beijing sparked alarm in June by floating the death penalty for 'diehard' separatists. About 163,000 Taiwanese worked in the mainland in 2021, per a local report, and the number is declining. The comment comes as Beijing issued legal guidelines on June 21 suggesting the death penalty or prison for "Taiwan independence diehards." The declaration sparked alarm in Taiwan, where officials started restricting tours to China and warning people against traveling to the mainland.
Persons: Organizations: Service, Taiwan, Business Locations: China, Beijing, Taiwan
But experts and think tanks have long said this is a policy change that an aging China desperately needs. It's currently running a lopsided policy of letting women retire up to 10 years earlier despite them living significantly longer on average than men. The pension problemKey to the retirement overhaul are China's pension funds. AdvertisementMost Chinese workers receive a state pension, which can be boosted by retirement funds from employers and personal contributions. Experts say that either way, Beijing will need more than a simple policy change to fix its crisis.
Persons: , Sabrina Luk, Shaun Rein, Luk, It's, Gu Qingyang, CASS, it's, Louis Vuitton, Gu, Rein Organizations: Service, Business, Nanyang Technological University, China Market Research Group, Academy of Social Sciences, National University of Singapore, Louis Locations: Beijing, France, China, Xiaohongshu, Weibo, Singapore, Shanghai, Asia, East Asia
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewRussia would likely take up to 1.8 million wounded and dead over five years to achieve its goal of fully capturing four major Ukrainian regions, said the new chief of the British Army. On Sunday, he said the UK must be ready to go to war in three years, per the BBC. AdvertisementAnalysts fear that Russia can outlast Ukraine's defense through its aggressive recruitment drives and a defense manufacturing industry that's kicked into overdrive. Russia has poured 40% of national spending into defense and security, essentially putting its economy on a war footing.
Persons: , Sir Roly Walker, he'd, He'd, Walker, Vladimir Putin, Putin, that's Organizations: Service, British Army, Business, Warfare, Royal United Services Institute, , Luhansk —, News, SAS, Staff, BBC, Sky Locations: Russia, Ukraine, British, London, Donetsk, Luhansk, Kherson, Kyiv, Kharkiv, — Donetsk, Ukrainian, Moscow
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewRussia would likely take up to 1.8 million wounded and dead over five years to achieve its goal of fully capturing four major Ukrainian regions, said the new chief of the British Army. On Sunday, he said the UK must be ready to go to war in three years, per the BBC. AdvertisementAnalysts fear that Russia can outlast Ukraine's defense through its aggressive recruitment drives and a defense manufacturing industry that's kicked into overdrive. Russia has poured 40% of national spending into defense and security, essentially putting its economy on a war footing.
Persons: , Sir Roly Walker, he'd, He'd, Walker, Vladimir Putin, Putin, that's Organizations: Service, British Army, Business, Warfare, Royal United Services Institute, , Luhansk —, News, SAS, Staff, BBC, Sky Locations: Russia, Ukraine, British, London, Donetsk, Luhansk, Kherson, Kyiv, Kharkiv, — Donetsk, Ukrainian, Moscow
Elon Musk tweeted a parody video of an AI fashion show that featured him, Bill Gates, and other prominent figures. And Xi Jinping was featured in a robe designed with a cartoon bear suspiciously like Winnie the Pooh. Xi was featured for only two seconds, but the video is a risky post given Tesla's operations in China. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOn Monday, Elon Musk tweeted an AI-generated video of the world's biggest figures sashaying down the aisle of a fashion show.
Persons: Elon Musk, Bill Gates, Xi Jinping, Pooh, Xi, , Tesla Organizations: Service, Business Locations: China, Shanghai
Read previewPresident Joe Biden's ditched election bid has gone viral in China, where online consensus is veering toward former President Donald Trump's campaign rhetoric. AdvertisementVice President Kamala Harris met briefly with Chinese leader Xi Jinping in 2022 at her request during the APEC forum that year. As for Trump, the former president is often the subject of memes in China, mocking him as a secret agent for Beijing. Montages of Harris laughing on camera have also surfaced in China, though most are not derogatory. Most July polls put either Democratic leader behind Trump, though typically by a slim disadvantage of one to five percentage points.
Persons: , Joe Biden's, Donald Trump's, Kamala Harris —, Biden, Harris, Joe Biden, Trump, there's, Wu Dalang, Xi Jinping, Antony Blinken, Kamala Harris, Ding Haitao, She's, Doug Emhoff, Blinken —, China —, Laffin, Kamala Organizations: Service, Democratic, White, Business, Republican, APEC, Getty, Trump, Biden Locations: China, Gansu, Weibo, Bangkok, Xinhua, Beijing, Trump
The Trump campaign scored yet another photo moment on Thursday with Hulk Hogan's tank-top ripping. The retired WWE star tore up his top to reveal his support of Donald Trump and JD Vance for 2024. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFormer President Donald Trump has once again shown the world his prowess at orchestrating photo moments for the ages. The Trump campaign rolled out its latest spectacle on Thursday when Hulk Hogan appeared onstage at the Republican National Convention.
Persons: Donald Trump, JD Vance, Trump, Hogan, , Hulk Hogan Organizations: Trump, WWE, Service, Republican National Convention Locations: Pennsylvania
Read previewMajor airlines, banks, and supermarkets are experiencing widespread disruptions linked to an IT outage after Microsoft reported problems with its online services. American Airlines, Delta Airlines, and United Airlines are among the airlines that have issued ground stops for their aircraft due to communication issues, Reuters reported. A spokesperson for Singapore's Changi Airport told BI: "Due to a global outage affecting IT systems of many organizations, the check-in process for some airlines at Changi Airport is being managed manually." On Thursday night, Frontier Airlines issued a ground stop order, saying in a statement: "flight operations are currently being impacted by a major Microsoft technical outage." AdvertisementThe Austin-headquartered tech giant, which specializes in security for cloud computing platforms, confirmed with CNBC on Friday morning that it was receiving outage reports.
Persons: , Dan Coatsworth, AJ Bell, CrowdStrike, Omer Grossman, CyberArk, Grossman Organizations: Service, Microsoft, American Airlines, Delta Airlines, United Airlines, Reuters, London Stock, Business, BI, , Local, Changi, Changi Airport, Melbourne Airport, Sydney Airport, Rajiv Gandhi, Edinburgh Airport, Berlin Airport, Ryanair, Europe's, Frontier Airlines, CNBC, Windows Locations: Singapore, Changi, Australia, Delhi, India, Germany
Unity, after all, has been a key message espoused by President Joe Biden. "I had all prepared an extremely tough speech, really good, all about the corrupt, horrible administration," Trump told the Post. Just over 26 minutes into his speech, Trump was praising his supporters and family when he veered abruptly back into attacks on his opponents. Trump portrays unity — while insulting his opponentsTrump, now officially the Republican nominee, began his speech in line with the unity message. "I look at unity, and it's obviously an opportunity to bring the country together," said Chris LaCivita, a senior campaign aide.
Persons: , Donald Trump, Joe Biden, Trump, Don Jr, Eric, Crazy Nancy Pelosi, we're, Biden, they're, MAGA, That's, Donald Trump Jr, Axios, Mike Allen, Chris LaCivita, let's Organizations: Service, New York Post, Washington Examiner, Business, Republican National Convention, Republican, GOP, Democratic, Social Security, Trump, RNC Locations: United States
Read previewFormer President Donald Trump upended the election tradition of "balancing the ticket" when he picked Ohio Sen. JD Vance as his running mate. Vance, a former Trump critic turned MAGA stalwart, has voiced foreign policy views in lockstep with Trump. "I think Trump's tenure has shown that fears of abandonment or ignorance of politics in Asia are overblown," he said. US-China relations won't change much, whether it's Trump or Biden at the wheelEven though Trump started the US-China trade war, experts say that China won't be too bothered if he returns to the White House. AdvertisementFor one, the Biden administration has kept most of Trump's China tariffs in place.
Persons: , Donald Trump upended, Ohio Sen, JD Vance, MAGA, Asia that's, Vance, Trump, Dylan Loh, Loh, Chong Ja Ian, It's, it's Trump, Biden, NTU's Loh, Joe Biden hasn't, Kevin Chen, Mr Trump, Chen Organizations: Service, Trump, Business, Pacific, Asia, Nanyang Technological University, NTU, National University of Singapore, NATO, Democrat, Republican, NTU's, Rajaratnam, of International Studies Locations: Asia, lockstep, China, Ukraine, Europe, Japan, South Korea, Taiwan, Philippines, South China, France, Beijing, Pacific
Wisesoft stock surged 10% after former President Trump survived an assassination attempt. Wisesoft, known as a meme stock in China, often sees price jumps linked to Trump events. Chinese retail investors trade Wisesoft shares as a joke, leveraging its Trump-related name. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementA Chinese tech firm with a name that sounds like "Trump's Big Win" enjoyed a surge in its stock price on Monday after former President Donald Trump survived an assassination attempt in Pennsylvania.
Persons: Trump, , Donald Trump, Chuanda Zhisheng Organizations: Trump, Service, Shenzhen Stock Exchange, Business Locations: China, Pennsylvania
The US is still coming to grips with the assassination attempt on former President Donald Trump. In today's big story, we examine the scrutiny the Secret Service is facing and what former special agents are saying about the tragedy . But that's not to say the Secret Service has avoided controversy over the last 40-plus years since the Reagan shooting. Secret Service agents converge on former President Donald Trump onstage at his Pennsylvania campaign rally. AdvertisementUltimately, another former Secret Service agent said the entire event represents a failure for Trump's security detail , BI's Matthew Loh and Cameron Manley report.
Persons: , Donald Trump, Jenny Chang, Rodriguez, Joe Biden, Insider's Brent D, Griffiths, Katherine Tangalakis, Lauren Edmonds, Saturday, Ronald Reagan, that's, Reagan, Brent, Jabin, Thomas Matthew Crooks, BI's Rebecca Rommen, Crooks, BI's Laura Italiano, Kenneth Niemeyer, Matthew Loh, Cameron Manley, Trump, Corey Comperatore, Kirill Kudryavtsev, Yuriy Gorodnichenko, Goldman Sachs, Michael M, Tyler Le, Jensen Huang, Elon Musk, Sam Altman's, Altman, Rebecca Zisser, Mickey Mouse, Hannah Montana, David, Nvidia's Goliath, Dan DeFrancesco, Jordan Parker Erb, Lisa Ryan, Jack Sommers, Annie Smith, Amanda Yen Organizations: Service, Business, Secret Service, Washington, Getty, FBI, UC Berkeley, NDR, Nvidia, Elon, European, Swedish, Disney, YouTube, GOP, Convention Locations: Colombia, Pennsylvania, Trump, Russia, New York, London
The Trump rally shooter featured briefly in a BlackRock ad from 2022, the company said. Thomas Matthew Crooks "appeared in the background" during the ad and was not paid, per BlackRock. Crooks can be seen in a 30-second ad focusing on an AP Economics teacher in Bethel Park High School. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBlackRock, the world's largest money manager, said on Sunday that it had removed one of its ads from 2022 that featured Thomas Matthew Crooks, the 20-year-old identified by authorities as the man who shot and injured former President Donald Trump.
Persons: Thomas Matthew Crooks, Crooks, , Donald Trump Organizations: Trump, AP, Bethel Park High, Service, Bloomberg, Reuters, Business Locations: BlackRock, Bethel
Read previewA gunman's assassination attempt on former President Donald Trump has flung the US back into the spotlight in China. The FBI says the 20-year-old rally shooter, Thomas Matthew Crooks, used a legally purchased 5.56mm AR-style rifle to attack Trump. another user wrote. One Chinese professor told the outlet that the attack on Trump showed the"ongoing rampant gun violence issue in the US." One user reposted a photoshop edit of Trump raising his fist against the backdrop of the Chinese flag.
Persons: , Donald Trump, Thomas Matthew Crooks, Trump, Dylan Loh, Loh, Biden, China's, Xi Jinping, it's, Xi, Mike Johnson Organizations: Service, Republican, Business, FBI, National University of Singapore, Global Times, Trump, Renmin University of China, Capitol Locations: China, Trump's, Weibo, Gotham City, Beijing, United States
Evan Vucci is an AP photographer who documented the aftermath of an assassination attempt on Trump. Vucci said he understood the moment's significance immediately after shots rang out. He snapped several photos of the attempt, including a now-famous shot of a defiant Trump with his fist raised. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Evan Vucci, who has covered Trump for years, said he understood the incident's significance after hearing "several pops" over his left shoulder.
Persons: Evan Vucci, Vucci, Trump, , Donald Trump's Organizations: Trump, Service, Associated Press, Business
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