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☆ Biden’s decision to exit 2024 race shows sharp contrast between left and right-wing media coverage
▼ + stars: | 2024-07-23 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

New York CNN —The stark political reality facing President Joe Biden, prompting his unprecedented decision to exit the 2024 race, might look different had he enjoyed the support of a blindly loyal, propagandistic news media. GET RELIABLE SOURCES IN YOUR INBOX A daily digest chronicling the evolving media landscape with uncompromising reporting and analysis. “There has been so much consternation about the fight in the party but also the media coverage of the fight,” Maddow acknowledged Sunday. Contrast how the news media covered Biden’s woes with how the MAGA Media has treated Trump in recent years. But that was not the case for Biden, underscoring the ethical reality that flows through the news media and largely extends to progressive personalities.

Persons: Joe Biden, Donald Trump, Biden, —, Trump, David Remnick, Rachel Maddow, ” Maddow, “, Sean Hannity Organizations: New, New York CNN, Fox News, MAGA Media, GOP, White, CNN, Trump, New York Times, Biden, New Yorker, MSNBC Locations: New York, Atlanta

☆ Live Election Updates: Harris Hits Trail With Delegates, Cash and Energy at Her Back
▼ + stars: | 2024-07-23 | by ( Nicholas Nehamas | Chris Cameron | ) www.nytimes.com time to read: +11 min

The prosecutor-versus-felon approach may appeal to undecided voters who had been sour on both Mr. Trump and President Biden. Mr. Trump, for his part, has been trying to soften some of his harshest rhetoric about seeking vengeance on his rivals ahead of the general election. In the case of Ms. Harris, the contempt is displayed both in public and private. Since then, Mr. Trump has attacked her savagely, particularly when she became Mr. Biden’s running mate in 2020. On Sunday, Mr. Trump, who has insisted he would debate Mr. Biden anytime and anywhere, appeared to try to change the terms of the second debate.

Persons: Donald J, Trump, pollsters, Harris, Biden, Letitia James, Fani Willis, fraudsters, cheaters, Donald Trump’s, Kamala Harris, Erin Schaff, Angela Merkel, “, Carol Leonnig, Philip Rucker, Mr, ”, Barack Obama, Ms, Lauren Leader, Hillary Clinton, Trump’s, Daniel Acker, Karoline Leavitt, Harris “, Joe Biden, Kamala, Joe Biden’s, Neil Newhouse, Biden’s, she’s, Mike Pence, Biden’s frailties, Jessica Mackler, Donald Trump Organizations: Democratic, Trump, Trump . Credit, The New York Times, Washington Post, Fox News, Publicly, The New York, Mr, Republican, Trump University, ABC, Republican National Convention, National Republican Senatorial Committee, Senate Republicans Locations: New York, Georgia, San Francisco, California, “, Trump ., Iowa, Michigan , Pennsylvania, Wisconsin

☆ Trump’s New Rival May Bring Out His Harshest Instincts
▼ + stars: | 2024-07-23 | by ( Maggie Haberman | Jonathan Swan | ) www.nytimes.com time to read: +1 min

Donald J. Trump and his political team spent nearly two years tailoring a campaign to defeat an old white male president who is conspicuously frail and who most Americans had told pollsters they doubted could handle another four-year term. Suddenly, Mr. Trump faces a starkly different opponent: a vice president who is a Black woman, nearly 20 years younger, and who brings her own strengths and weaknesses but who adds new uncertainty into what had been a remarkably static race. Allies of Ms. Harris have already telegraphed that she will run a campaign framed around a “prosecutor versus felon” theme, highlighting her experience as a prosecutor and underscoring the fact that Mr. Trump has been indicted in multiple jurisdictions and convicted of 34 felonies. The prosecutor-versus-felon approach may appeal to undecided voters who had been sour on both Mr. Trump and President Biden. It may also goad Mr. Trump, who reacts strongly to criticism, into resurrecting the language he has used against other Black female prosecutors, such as Letitia James in New York and Fani Willis in Georgia, both of whom he has called “racist” and attacked in personal terms.

Persons: Donald J, Trump, pollsters, Harris, Biden, Letitia James, Fani Willis Locations: New York, Georgia

☆ The global tech outage showed how we’re just one mistake away from chaos
▼ + stars: | 2024-07-23 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

“So this is going to be incredibly painful for CrowdStrike customers.”And even if your business had nothing to do with CrowdStrike, the outage still might have ruined your day. You didn’t have to be a CrowdStrike customer to get screwed by the company’s mistake, and that’s what made Friday’s outage so frustrating. But the scale of the CrowdStrike outage is once again underscoring just how interconnected the world has become through a network almost none of us understands and which is largely self-regulating. Microsoft estimated the CrowdStrike outage affected some 8.5 million Windows devices. “Our tech platforms have a mix of legacy systems coupled with modern systems, which means that the weakest link determines the overall system performance.

Persons: CNN Business ’, — didn’t, you’ve, CrowdStrike, Brian Fung, ”, Kevin Beaumont, underscoring, Stuart Madnick, Anil Khurana, ” Khurana, Khurana, Madnick, it’s Organizations: CNN Business, New York CNN, Blue, Microsoft, MIT Sloan School of Management, Airlines, Baratta Center, Global Business, Georgetown’s McDonough Business School, Boeing, JPMorgan Locations: New York

☆ The planet saw its hottest day on record
▼ + stars: | 2024-07-23 | by ( Angela Fritz | ) edition.cnn.com time to read: +3 min

CNN —Sunday was the hottest day in recorded history, according to preliminary data from a climate tracking agency monitoring temperatures since the mid-1900s. It’s the second consecutive year average global temperatures have crashed through shocking climate records and will not be the last, as planet-warming fossil fuel pollution drives temperatures to shocking new highs. July 21 clocked in at 17.09 degrees Celsius, or 62.76 Fahrenheit, and was the hottest day on Earth since at least 1940, according to the preliminary data from the European Union’s Copernicus Climate Change Service. Around a hundred cities across the US are experiencing their hottest start to summer on record, and swaths of southern Europe have been grappling with triple-digit temperatures. Global climate records are typically broken by tiny fractions of a degree, as was the case with this one: Sunday’s temperature was just 0.01 degrees Celsius above 2023’s record.

Persons: Sunday’s, ”, Carlo Buontempo, Copernicus, ” Buontempo, El Organizations: CNN Locations: Europe, Antarctica

☆ 8 takeaways from Trump's RNC speech — the first since his attempted assassination
▼ + stars: | 2024-07-19 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +10 min

It was also Trump's first speech since he named Sen. JD Vance of Ohio as his running mate. As Trump's speech continued, the UAW fired back, calling him a "scab and a billionaire." — UAW (@UAW) July 19, 20247. Displaying it again roughly an hour into his speech, Trump described it as "the chart that saved my life." It was the longest presidential nomination acceptance speech in recorded historyAt 92 minutes, Trump's speech on Thursday night appeared to be the longest ever delivered by a major party's presidential nominee.

Persons: —, Donald Trump, Trump, Sen, JD Vance, Ohio, Joe Biden, it's, — Donald Trump, Corey Comperatore, Kamil Krzaczynski, Cory —, Helen, jacker, he's, Aileen Cannon's, Vance —, Usha, Vance, he'll, Patrick T, Fallon, Biden, I'm, Shawn Fain, Fain, that's Organizations: Service, Republican, Republican National Convention, Business, Trump, Pennsylvania, RNC, Getty, Democrat Party, Yale Law School, Yale, United, United Auto Workers, UAW, — UAW, Border Patrol, — Media Research Center, American, University of California Locations: Milwaukee , Wisconsin, Pennsylvania, Trump's, AFP, United States, Santa Barbara

☆ AmEx lifts 2024 profit forecast on robust spending by affluent customers
▼ + stars: | 2024-07-19 | by ( ) www.cnbc.com time to read: +1 min

Credit card giant American Express raised its full-year profit forecast on Friday, as its wealthy customers persisted in splurging on travel, dining and entertainment. The company also reported better-than-expected second-quarter profit, underscoring the benefit it has enjoyed by focusing on a premium customer base. The company sees its 2024 earnings per share between $13.30 and $13.80, versus the $12.65 to $13.15 range it had forecast earlier. In the second quarter ended June 30, profit was $3.02 billion, or $4.15 per share, 39% higher than a year ago. Shares of the New York-based company fell 2% in premarket trading.

Persons: Stephen Squeri Organizations: American, Revenue Locations: Des Plaines , Illinois, splurging, York, Squarespace

☆ NATO is taking greater control of Western efforts to back Ukraine's fight as US politics raise questions about its reliability
▼ + stars: | 2024-07-11 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

Read previewNATO is moving forward with a new initiative that will see it take greater control over Western efforts to arm and train Ukraine's military. The move comes as the alliance aims to solidify the long-term support for Kyiv as it battles the Russian invasion. Growing concern about the potential change in US leadership has hung over the highly consequential NATO summit in Washington this week. Ukraine's President Volodymyr Zelenskyy and US President Joe Biden at the 2024 NATO summit. "There are 32 countries in the alliance," the NATO official who spoke on the condition of anonymity said Thursday.

Persons: —, Donald Trump —, Donald Trump, NICHOLAS KAMM, Volodymyr Zelenskyy, Joe Biden, Susan Walsh, Trump, Ivo Daalder, Laurynas Organizations: Service, Kyiv, NATO, Ukraine —, Business, Wednesday, Assistance, Training, White, Getty, Ukraine Defense Contact, AP, Ukraine, Russian, Trump, Wall Street, Kiel Institute, Politico, Republican, Democratic Locations: Russian, Ukraine, Washington, Germany, Poland, Romania, Slovakia, Kyiv, Russia, Europe, NATO

Bank of America, meanwhile, raised its price target on Costco after the company announced an increase to its membership fees. Analyst James Heaney assumed coverage of Roblox with a hold rating — down from a buy — and $42 price target, which implies a 5.9% potential increase. Rakers' new target price suggests the stock — which is up 24.8% this year — could gain another 11.4%. Analyst Robert Ohmes upped his price target by $88 to $962 on Costco, suggesting shares could gain 8.8%. Its price target of $385 implies upside of 26.2% from Wednesday's close.

Persons: Jefferies, Roblox, downgrades, James Heaney, Heaney, RBLX, — Pia Singh, Wells, Aaron Rakers, Rakers, Wamsi Mohan, Mohan, There's, Robert Ohmes, Ohmes, Fred Imbert Organizations: CNBC, Spotify Technology, Bank of America, Costco, Silo AI, Silo, AMD, Apple, of America, Apple's, Conference, U.S, Apple Vision, America, Jefferies, Spotify Locations: Wells Fargo, Europe, North America, Nod.ai, U.S, China, India, Canada, Wednesday's

☆ SoftBank stock hits its first record high in 24 years — Arm and AI helped it get there
▼ + stars: | 2024-07-04 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +7 min

The rise of the internet and of Yahoo pushed SoftBank's stock to a peak closing price of 10,111.1 yen on Feb. 18, 2000. After lingering near then-record highs in March 2021, SoftBank's stock fell sharply, alongside other global tech stocks. "Softbank Vision Fund had to write down various investments due to a combination of equity values declining and a tougher private financing environment. Dan Baker, senior equity analyst at Morningstar, said a lot of SoftBank's price appreciation comes down to Arm. Baker said the SOTP valuation remains just under 50% this year, meaning SoftBank's stock does not truly reflect the value of its various businesses and investments.

Persons: Kosuke Okahara, Masayoshi Son, Softbank, SoftBank, Son, Oliver Matthew, Paul Golding, Golding, Dan Baker, I'm, Baker, " Baker, . Organizations: ARM, SoftBank, Bloomberg, Getty, Yahoo, Vision, Vision Fund, Beijing, CNBC, Macquarie U.S, Morningstar, Nikkei Locations: Tokyo, British, Japan, U.S, Alibaba

☆ Democratic governor says Biden ‘fit for office’ after president meets with group of state leaders
▼ + stars: | 2024-07-03 | by ( Jack Forrest | ) edition.cnn.com time to read: +4 min

Tim Walz said Wednesday that President Joe Biden is “fit for office,” following a meeting with the president as he looks to ease fears about his ability to lead the country and take on Donald Trump in November. “Yes, fit for office,” the governor said in response to a question from a reporter, shortly after the closed door meeting between Biden, Vice President Kamala Harris and nearly every Democratic governor in the country. Moore, largely considered to be a rising star in the Democratic Party, described the meeting as “honest” and “candid” as the governors shared concerns with the president. What we saw in there today was a guy who was the guy that all of us believed in the first time who could beat Donald Trump and he did beat Donald Trump.”Democratic Govs. In a statement to CNN, Newsom said, “I heard three words from the President – he’s all in.

Persons: Tim Walz, Joe Biden, Donald Trump, “, Biden, Kamala Harris, Walz, — Walz, Wes Moore, Kathy Hochul —, Moore, ” Moore, we’re, ” Hochul, ”, ” Walz, ” Democratic Govs, Gavin Newsom, Gretchen Whitmer, Newsom, – he’s, Joe Biden’s, Whitmer, Harris, CNN’s Elise Hammond, Samantha Waldenberg, Kit Maher, Betsy Klein Organizations: CNN, Minnesota Democratic Gov, Democratic, White House, Maryland Gov, New York Gov, Democratic Party, ” Democratic Locations: Maryland, Michigan

☆ China’s ‘military readiness’ questioned with dramatic downfall of two defense ministers
▼ + stars: | 2024-07-01 | by ( Nectar Gan | ) edition.cnn.com time to read: +9 min

At the height of their careers, former defense ministers Li and Wei often struck a tough tone before the world’s top military officials. Former Defense Ministers Li Shangfu and his predecessor Wei Fenghe have both been expelled from the Communist Party over corruption allegations. Most of the generals dismissed or disappeared without explanation last year were linked to the Rocket Force or military equipment, including Li and Wei. An engineer by training, the 66-year-old spent decades launching rockets and satellites in southwest China before being promoted to the PLA headquarters to deal with military equipment procurement. “The gun barrel must always be held in the hands of those who are loyal and reliable to the party,” Xi told the PLA elites.

Persons: Hong Kong CNN —, Xi, Li Shangfu, Wei Fenghe, Xi Jinping, Li, Wei, “, James Char, ”, Former Defense Ministers Li Shangfu, Wei’s, Joel Wuthnow, ” Wuthnow, ” Char, Weidong, Char, Jason Lee, Xu Caihou, Guo Boxiong, Xu, Guo, Wuthnow, Jiang Zemin, haven’t, ” Wei, Li “, Bill Bishop, ” Xi Organizations: Hong Kong CNN, Communist Party, People’s Liberation Army, PLA, Rajaratnam, of International Studies, Former Defense Ministers, AP, Reuters, Rocket Force, Development Department, Second Artillery Corps, Pentagon, National Defense University, CCP, China’s Naval University of Engineering, Central Military Commission, Military, People's, CMC, Communist Locations: China, Hong Kong, Taiwan, United States, Singapore, People's Republic of China, Beijing, Yan’an

☆ China PMI: No end in sight for uneven economic story
▼ + stars: | 2024-07-01 | by ( Laura He | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Factory activity among China’s private firms expanded at the fastest pace in three years, a private gauge showed Monday, suggesting healthier domestic and international demand for Chinese goods. The Caixin manufacturing Purchasing Managers’ Index (PMI) rose to 51.8 in June, up from 51.7 in May, according to a statement from S&P Global, which compiled the survey. The Caixin survey covers more export-oriented and consumer-related companies. The official PMI, however, is tilted more towards manufacturers that produce industrial materials — including steel, cement, and chemical — making them more vulnerable to a slowdown in fixed-asset investments. Analysts believe that the current data reflects an economic reality characterised by strong exports and consumption, but softer investment.

Persons: Goldman Sachs, ”, Wang Zhe, ” Wang Organizations: Hong Kong CNN — Factory, P, National Bureau of Statistics, PMI, Caixin Insight, European Union, EU Locations: Hong Kong, Siyang County, Suqian City, Jiangsu, China, European, United States

☆ Houthi bomb boats, including some not seen before, are threatening Red Sea ships while the US Navy's aircraft carriers are away
▼ + stars: | 2024-07-01 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

The Houthis have been stepping up drone boat operations, employing small watercraft that can be packed with explosives and detonate on impact. Last month, one of the Houthi drone boats struck a commercial vessel, the MV Tutor, for the first time since the campaign began in November. The Ike's eventual replacement — the Theodore Roosevelt Carrier Strike Group — won't arrive for some time. US Central Command said at the time that the Transworld Navigator was hit by a "suspected uncrewed aerial system" and did not mention a drone boat. AdvertisementFootage purporting to show a Houthi drone boat.

Persons: —, Dwight D, Theodore Roosevelt Carrier, Eisenhower, UKMTO Organizations: Service, US Navy, Business, Houthi Media, REUTERS, Eisenhower Carrier Strike, Theodore Roosevelt Carrier Strike, Hornet, Nimitz, United Kingdom Maritime Trade Operations, British Royal Navy, Transworld, US Central Command Locations: Red, Yemen, Iran

Morgan Stanley hiked its price target on Nvidia to $144, implying upside of 16.5%. It also lifted its 12-month price target to $167 from $143, corresponding to 22% upside. Analyst Krisztina Katai stood by her buy rating for the retail giant but upped her price target to $77 from $71. Analyst James Schneider assigned the stock a 12-month price target of $50, which corresponds to a 21% increase from its Friday closing price. — Lisa Kailai Han 5:47 a.m.: Morgan Stanley hikes its Nvidia price target Nvidia should continue rising as its next generation of chips arrives, according to Morgan Stanley.

Persons: Morgan Stanley, Goldman Sachs, Alexander Blostein, Blostein, Lisa Kailai Han, Krisztina Katai, Katai, — Lisa Kailai Han, James Schneider, Schneider, Moore, Joseph Moore, Blackwell, Hopper, Nvidia's, BIRK, ramping, Jay Sole, Fred Imbert Organizations: CNBC, Nvidia, UBS, Exchange, Intercontinental Exchange, Nat Gas, ICE's Energy, Nat, ICE, Deutsche Bank, Walmart Deutsche Bank, Walmart, Verizon, Birkenstock Locations: Friday's, Asia

☆ US employers want more part-time workers. Here’s what that means
▼ + stars: | 2024-06-30 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

“So far, the labor market has adjusted slowly, and the unemployment rate has only edged up. The industries that were most likely to advertise part-time work as of May were beauty and wellness; personal care and home health; retail; food preparation and service; and sports, Indeed said. During the Great Recession from 2007 to 2009, part-time work rose sharply, according to research from the San Francisco Fed. “There was this rise in part-time work when the economy and the labor market were doing well coming out of the pandemic,” Culbertson told CNN. The US Labor Department releases June figures gauging the state of the labor market, including monthly job growth, wage gains and the unemployment rate.

Persons: Mary Daly, ” Daly, Daniel Culbertson, ” Culbertson, Alicia Wallace, Friday’s, Jerome Powell, John Williams Organizations: CNN Business, Bell, Washington CNN — Companies, Labor Department, Federal Reserve, San Francisco Fed, Commonwealth Club World Affairs of, CNN, Commerce Department, Commerce, P Global, Institute for Supply Management, European Central Bank, US Labor Department, Constellation Brands, Constellation Brands . New York Fed, US Commerce Department, New York Fed Locations: Washington, Commonwealth Club World Affairs of California, Constellation Brands .

☆ Hezbollah has the weapons to carry out its threat against Cyprus
▼ + stars: | 2024-06-28 | by ( Paul Iddon | ) www.businessinsider.com time to read: +9 min

The threat against Cyprus is also an indirect threat against NATO member Greece, which has close ties with Israel. "Although the Republic of Cyprus and Israel have enjoyed strategic cooperation for years, the current timing is crucial. "The Republic of Cyprus is able to expose the tactics of Hezbollah at the EU level and simultaneously seek support by the US." Jack Guez/Getty ImagesNevertheless, Hezbollah could harm Cyprus if it carries out its threat. Related stories"The Israeli capacity to shoot down Hezbollah's drones in 2022 could be a model for the Republic of Cyprus," Tzogopoulos said.

Persons: —, Hassan Nasrallah, George Tzogopoulos, Tzogopoulos, Nasrallah, Jack Guez, Mark III, Nicholas Heras, Heras Organizations: Service, NATO, Israel, Cypriot, Business, Hezbollah, European Union, UN, Sovereign Base, EU, Cypriot National Guard, New Lines Institute, Israeli Air Force, New Lines, Israeli Defense Forces Locations: Iran, Lebanon, Republic of Cyprus, Cyprus, Greece, Israel, Turkey, Turkish Republic of Northern Cyprus, United Kingdom, Akrotiri, EU, Gaza, Russian, Nicosia, Iranian Fateh, Yemen, Syria, NATO

☆ How cleanliness can increase your restaurant's bottom line in 5 critical areas
▼ + stars: | 2024-06-27 | by ( Sponsor Post | Sponsored Ecolab | ) www.businessinsider.com time to read: +5 min

When it comes to reviewing a restaurant, cleanliness is one of the most critical concerns for guests. To maximize revenue, restaurant industry businesses should consider a holistic, company-wide approach to advancing a higher level of cleanliness. Employee turnover is reducedIt's no secret that employee churn is a challenge in the restaurant industry, with turnover rates reaching as high as 80%. However, after these seven businesses committed to the Ecolab Science Certified program, 72% of employees said this would "help them stay," further boosting the bottom line. For restaurant industry businesses, cleanliness is essential – it helps improve your online reviews, maintain a better relationship with the Health Department, increase foot traffic, and boost employee retention.

Persons: Ecolab Organizations: Ecolab, Health Department, ESC, Health Department Intelligence, CDC, FDA, Ecolab Science, Insider Studios Locations: Ecolab

☆ American workers, and bosses, are struggling to find the turn off switch
▼ + stars: | 2024-06-27 | by ( Trevor Laurence Jockims | ) www.cnbc.com time to read: +5 min

"Work has changed drastically compared to what it was just 10 years ago," Haney said when he introduced the bill. Workers shouldn't be punished for not being available 24/7 if they're not being paid for 24 hours of work." U.S. business oppositionSome U.S. business interests have argued it's up to workers to set their own work-life balance. Many critics of the bill point to the complexity of establishing non-working hours for salaried employees —the California bill proposes to protect both hourly and salaried workers. Work was life, and life was something that happened on the way to and from work.

Persons: —, Matt Haney, Haney, Workers shouldn't, they're, it's, Jason Calacanis, SHRM, Alan Guarino, Korn Ferry Organizations: Assembly, Workers, Washington State, U.S, CNBC Locations: West Coast, California's, Francisco, France, . New York City, Europe, U.S, China, California

☆ US carrier strike group's new video captures the Navy's explosive front-line combat in the Red Sea
▼ + stars: | 2024-06-25 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

AdvertisementAn F/A-18E Super Hornet launches from the flight deck of the USS Dwight D. Eisenhower in the Red Sea on April 12. AdvertisementThe USS Dwight D. Eisenhower conducts flight operations in the Red Sea on Feb. 23. The aircraft carrier USS Dwight D. Eisenhower sails in the Mediterranean Sea on Nov. 3, 2023. AdvertisementThe Ike and its escort warships will soon be replaced by the USS Theodore Roosevelt Carrier Strike Group, which has been operating in the Indo-Pacific region. The changing of America's Middle East naval presence comes amid a particularly active stretch for the Houthis.

Persons: —, Dwight D, Eisenhower, Ike, Lloyd Austin, Arleigh Burke, IKE, Kavon Hakimzadeh, Navy Petty, Theodore Roosevelt Carrier Organizations: Service, Business, Aircraft, Hornet, US Navy, US, Eisenhower, Defense, Pentagon, Ticonderoga, Fleet, Carrier Strike, Navy, Theodore Roosevelt Carrier Strike Locations: Iran, Gulf, Aden, Yemen, Britain, France, East

☆ Ground robots may be the 'next game-changer technology' of the war, senior Ukrainian official says
▼ + stars: | 2024-06-24 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Read previewUkraine has its eyes set on a dynamic fleet of ground robots to fight alongside — and, sometimes, instead of — its soldiers in combat as Kyiv continues growing its arsenal of unmanned systems. Multiple ground robots at a UNITED24 summit. UNITED24The new ground combat robots can assault and defend positions, as well as conduct surveillance and reconnaissance, all while being operated remotely from up to two-and-a-half miles away. Ground robots have even been involved in drone-on-drone combat, underscoring a level of depth and sophistication to these operations. The evolution of unmanned systems has been one of the defining elements of the Ukraine war.

Persons: —, Mykhailo Fedorov, Fedorov, there's, " Fedorov Organizations: Service, Business, Systems, Technologies Locations: Ukraine, Ukrainian, Russian, Russia, Western

☆ Huawei Harmony OS: Flashpoint in US-China tech rivalry is again a force to reckon with
▼ + stars: | 2024-06-24 | by ( Diksha Madhok | ) edition.cnn.com time to read: +4 min

CNN —Huawei is in the midst of one of the most stunning comebacks in the history of the tech industry. The Chinese giant, which has been a flashpoint in the escalating rivalry between Washington and Beijing, says more than 900 million smartphones now use its in-house operating system Harmony OS. Harmony, which is called “Hongmeng” in Chinese, was first unveiled in 2019, months after Huawei was placed on a US trade blacklist that barred American firms from selling tech and software to the Chinese tech company without a license. The US ban prevented companies like Google (GOOGL) from supplying new Huawei devices with its version of Android OS. Sales of the iPhone began bouncing back in May, after the company aggressively cut prices in its largest overseas market.

Persons: ” Richard Yu, It’s, Yu, Huawei’s Organizations: CNN, Huawei, Google, Nvidia, Microsoft, Apple, Research Locations: China, Washington, Beijing, Shenzhen

☆ Russia’s shifting tactics put unprecedented pressure on Ukraine’s already hobbled power system
▼ + stars: | 2024-06-22 | by ( Clare Sebastian | Olga Voitovych | ) edition.cnn.com time to read: +10 min

“We are doing our best,” Deputy Energy Minister Svitlana Grynchuk told CNN. “I installed them so that my family would not feel uncomfortable when there is no electricity,” he told CNN. The company told CNN it’s also halted the use of air conditioning in administrative buildings, and turned off outdoor lighting. The G7, having already spent $3bn to date to support Ukraine’s energy sector, just announced another $1bn in funding in early June. Ukraine’s energy ministry says it has been building concrete shelters to protect some energy equipment from attacks.

Persons: CNN — Kateryna Serzhan, “, Keen, Ukrenergo, Volodymyr Zelensky, ”, …, Dmytro Sakharuk, DTEK, Thomas Peter, Yan Dobronosov, Svitlana Grynchuk, Denis Shmyhal, Serzhan, CNN it’s, Stepanov, Valentyn Ogirenko, Marta Trush, Igor Piddubnyi, Piddubnyi, ” CNN’s Clare Sebastian, Olga Voitovych, Svitlana Vlasova, Daria Tarasova, Markina Organizations: CNN, Reuters, Getty, Energy, Kyiv region’s, Ukraine’s, Companies, Railways, Kyiv School of Economics, “, National Bank of, Patriot, White House Locations: Kyiv, Ukraine, –, Moscow, Russia, Berlin, Russian, Europe, AFP, National Bank of Ukraine, “ Ukraine, Romania, London

☆ Supply chain hotspot Vietnam rolled out the red carpet for Putin, and the US is trying to act cool
▼ + stars: | 2024-06-21 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Read previewWanted by the International Criminal Court, Russian President Vladimir Putin still traveled to Vietnam on a two-day visit, where he was warmly welcomed. Russia and Vietnam also have a long history going back to the Soviet era, so his visit is also not surprising. Related storiesWestern allies may rethink "Vietnam's reliability as a strategic partner in the region," Hoang wrote. AdvertisementThis sentimentalism can influence the pragmatism that marked Hanoi's foreign policy for the last two decades, wrote Hoang at the ISEAS–Yusof Ishak Institute. It's also a smart political move, as a segment of Vietnamese still holds "a deep fondness for Russia," wrote Hoang.

Persons: —, Vladimir Putin, Putin, Vietnam —, Hoang Thi, Yusof, Hoang, Janet Yellen, Yellen, Daniel Kritenbrink, Kritenbrink, It's Organizations: Service, International Criminal Court, Business, ICC, US, Russia, Institute, Regional, Political, State, East Asian, State Department, Soviet Union Locations: Russian, Vietnam, Russia, Soviet, Washington, Ukraine, Australia, Japan, Singapore, ISEAS, China, Hanoi, Moscow, Beijing, Atlanta

☆ The man who dismembered tech CEO Fahim Saleh said he was so in love he was disturbed. Prosecutors say he was on Bumble.
▼ + stars: | 2024-06-21 | by ( Katie Balevic | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA Manhattan jury is about to decide the fate of Tyrese Haspil, the 25-year-old former personal assistant on trial for the brutal murder of his boss, tech CEO Fahim Saleh. That's the only major question," Roberts told the jury, arguing that his client was suffering from extreme emotional disturbance, or EED. Those thefts spiked when he got into the relationship, Roberts told the jury, referencing a graph of the embezzlements over time. When it was the government's turn to make closing arguments, prosecutor Linda Ford popped the love bubble.

Persons: —, Tyrese Haspil, Fahim Saleh, Saleh, Haspil, Sam Roberts, Roberts, Chauveau, Marine, Linda Ford, Ford, Bumble, April Newbauer Organizations: Service, Haspil, Business Locations: New York, Nigeria, Manhattan, France

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