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☆ A Pacific Island With Ties to Taiwan Was Hacked. Was It Political?
▼ + stars: | 2024-06-02 | by ( Jacob Judah | ) www.nytimes.com time to read: +1 min

This year, Washington finalized a long-delayed plan to give Palau hundreds of millions of dollars in aid over two decades. Hours before diplomats gathered at the U.S. Embassy in Palau to toast the agreement, the island nation was hit by an enormous cyberattack. And there were hundreds of documents detailing the close relationship between Palau and Taiwan. Palau is one of the few countries in the world that recognize Taiwan as an independent democracy. Beijing has enticed other countries, like Nauru, another Pacific nation, to sever ties with Taipei.

Organizations: U.S, Embassy, Navy Locations: Palau, United States, China, Washington, U.S, Taiwan, Beijing, Nauru, Pacific, Taipei

☆ Israel-Gaza War: Live Updates
▼ + stars: | 2024-06-02 | by ( Aaron Boxerman | Mike Ives | ) www.nytimes.com time to read: +6 min

Two Israeli officials confirmed that Mr. Biden’s proposal matched an Israeli cease-fire proposal that had been greenlit by Israel’s war cabinet. “Put your money where your mouth is.”But at home, Mr. Netanyahu faces a host of competing pressures. Yair Lapid, the leader of Israel’s parliamentary opposition, also urged Mr. Netanyahu to take the deal as outlined by Mr. Biden. He repeated that his party would back Mr. Netanyahu’s government if hard-liners like Mr. Ben-Gvir, the national security minister, left over a hostage release deal. Political analysts said Mr. Netanyahu has tried to avoid that scenario, as it would make him dependent on some of his harshest critics.

Persons: Biden, Benjamin Netanyahu, Israel, Netanyahu, Netanyahu’s, Biden’s, ” Mr, Mr, — Bezalel Smotrich, Itamar Ben, Gvir, Ben, ”, “ Biden, ‘, Uzi Arad, “, Cheriss, Gil Dickmann, Carmel Gat, Kibbutz, Dickmann, Benny Gantz, Gantz, Yair Lapid, Mr . Biden Organizations: Hamas, ”, Gaza Health Ministry, Palestinian, White, ., The New York Times, Kibbutz Be’eri, Mr Locations: Israel, Gaza, Tel Aviv

☆ India’s heat wave kills at least 33 poll workers as election wraps up in searing temperatures
▼ + stars: | 2024-06-02 | by ( Esha Mitra | ) edition.cnn.com time to read: +3 min

New Delhi CNN —India’s relentless heat wave killed 33 poll workers as the country concluded its final day of voting in the world’s largest general election, officials said, underscoring the impact of searing temperatures in recent days. Voters and election workers have endured an extended period of unusually high temperatures across much of the country’s north as India voted in a seven-phase election that began on April 19. Of that number, at least 43 were election workers, authorities said. The capital territory of Delhi sweltered to its highest-ever temperature of 49.9 degrees Celsius (121.8 degrees Fahrenheit) last week, as the oppressive heat wave forced authorities to impose water rationing. “Heat wave conditions over Northwest, Central & East India are likely to continue with reduced intensity during next 3 days,” the Indian Meteorological Department said on Sunday.

Persons: New Delhi CNN —, Navdeep Rinwa, They’re, Indranil Aditya Organizations: New, New Delhi CNN, European Union, Indian Meteorological Department, India, Central & East Locations: New Delhi, Uttar Pradesh, India, heatstroke, Varanasi, North America, Northwest, Delhi sweltered, Central, Central & East India

☆ Supermodels Gigi and Bella Hadid donate $1 million to aid groups supporting Palestinians in Gaza
▼ + stars: | 2024-06-02 | by ( Cameron Manley | ) www.businessinsider.com time to read: +4 min

Read previewSupermodels Gigi and Bella Hadid have donated a combined $1 million to aid groups supporting Palestinians in the Gaza Strip, Bella Hadid's agent has said. The sisters, whose father is the Palestinian real-estate developer Mohamed Anwar Hadid, have previously voiced their support for those affected by the conflict in Gaza. "While I have hopes and dreams for Palestinians, none of them include the harm of a Jewish person," it added. Roughly 1,200 people were killed in Israel during the attacks, and around a further 240 were taken hostage in Gaza. More than 36,000 Palestinians have died in the following conflict in Gaza, according to the territory's Hamas-run health ministry.

Persons: —, Gigi, Bella Hadid, Bella, Mohamed Anwar Hadid, Mohamed Hadid, Joe Biden, Arnold Jerocki, Biden Organizations: Service, Bella, Palestine Children's Relief, United Nations Relief, Works Agency, Business, UN, Cannes, Hamas Locations: Gaza, Palestine, Palestinian, Israel, Bella, Gazan, Rafah, Tel Aviv

☆ In Singapore, China Warns U.S. While Zelensky Seeks Support
▼ + stars: | 2024-06-02 | by ( Chris Buckley | Damien Cave | ) www.nytimes.com time to read: +1 min

The competing strains on U.S. global power came into sharp focus at a security conference on Sunday, where China accused the United States of stoking tensions around Taiwan and the South China Sea, and President Volodymyr Zelensky of Ukraine was seeking greater support for his embattled country. This year, the United States Defense Secretary Lloyd J. Austin III and China’s defense minister, Adm. Dong Jun, held talks, something the top defense officials from the two countries have not always done at this gathering. But Admiral Dong made clear that China remained deeply antagonistic to U.S. influence and alliance-building across Asia, especially American support for Taiwan, the island democracy that Beijing claims as its territory. “These malign intentions are drawing Taiwan to the dangers of war,” Admiral Dong told the meeting after making an oblique but unmistakable reference to U.S. military and political support for Taiwan. “Anyone who dares split Taiwan from China will be smashed to pieces and court their own destruction.”

Persons: Volodymyr Zelensky, Lloyd J, Austin III, Dong Jun, Admiral Dong, ” Organizations: United States Defense, Taiwan Locations: China, United States, Taiwan, South China, Ukraine, Singapore, U.S, Asia, Beijing

☆ Ukraine’s largest hydroelectric dam in critical condition after Russian strikes, authorities say
▼ + stars: | 2024-06-02 | by ( Niamh Kennedy | ) edition.cnn.com time to read: +2 min

CNN —Ukraine’s largest hydroelectric dam, the Dnipro Hydroelectric Power Plant (HPP), is in “critical condition” after it was hit in a Russian strike on Ukraine’s key energy facilities, authorities say. The head of the Zaporizhzhia region military administration, Ivan Fedorov, told Ukrainian television that the power plant can no longer produce electricity. Russia has continued its tactic of striking key energy facilities this week, with the Ukrainian Ministry of Energy warning Sunday of a “significant power shortage” as a knock-on effect of the strikes. Last year, the Nova Kakhovka dam, a major dam and hydro-electric power plant in Russian-occupied southern Ukraine collapsed. Russia denied any involvement in the disaster and in turn accused Ukraine of destroying the dam, without providing evidence.

Persons: CNN —, Ivan Fedorov, ”, Volodymyr Zelensky, Joe Biden, “ Organizations: CNN, Dnipro Hydroelectric Power, Ukrainian Ministry of Energy, ” Ukraine’s Ministry of Energy, Frankivsk Locations: Dnipro, Russia, Ukraine, Zaporizhzhia, Dnipropetrovsk, Donetsk, Kirovohrad, Ivano, Kyiv, Russian, Kharkiv, Singapore, Asia, Pacific, Nova, Moscow

☆ Mexico holds historic election in race largely overshadowed by violence
▼ + stars: | 2024-06-02 | by ( ) www.cnbc.com time to read: +4 min

Former Mexico City mayor Claudia Sheinbaum speaks after being named presidential candidate of the ruling Morena party for next year's presidential election in Mexico City on September 6, 2023. Voters in Mexico are participating in the country's largest election ever — casting votes Sunday to fill more than 20,000 local, state and federal positions and almost certainly elect their first female president. But rampant violence has marred the road toward one of the most consequential elections in Mexico's history. Violence against political figures has also persisted throughout this election cycle, resulting in a 150% increase in the number of victims of political violence since 2021, according to an analysis from Integralia, a public affairs consulting firm that researches political risk and other issues in Mexico. These have greatly dismayed Mexican voters, leading most of them to cite security as a top issue of concern.

Persons: Claudia Sheinbaum, Xóchitl, Jorge Álvarez Máynez, Andrés Manuel López Obrador, López Obrador, Tony Payan, Lopez Obrador, Mexico's Organizations: Mexico City, Voters, Mexico's National Institute of Statistics, Broad, Citizen, Center, U.S, Rice, Baker Institute for Public, National Action Party, PAN, Democratic Revolution Party, Institutional Revolutionary Party, — Locations: Mexico City, Mexico, U.S, Morena, Mexican, United States

Singapore CNN —China’s support to Russia will extend the war in Ukraine, President Volodymyr Zelensky said Sunday, as he called on countries across the Asia-Pacific to join an upcoming peace summit he accused Russia of trying to thwart. It comes ahead of the international peace conference on Ukraine slated to be held June 15-16 in Switzerland. “With China’s support to Russia the war will last longer. When asked later about China’s statement it would not attend the peace summit, the Ukrainian leader accused Russia of using Chinese diplomats to disrupt it. “Time is running out” including for Ukrainian children taken by Russia, Zelensky told a packed hall during an address on the closing day of the three-day security meeting.

Persons: Volodymyr Zelensky, Zelensky, China –, ” Zelensky, “, Putin, of National Defense Dong, ” Dong, Lloyd Austin, Dong, Russia ”, Vladimir Putin, ”, Austin, Prabowo Subianto, José Ramos, Pat Ryder, Joe Biden Organizations: Singapore CNN —, of National Defense, CNN, China’s Ministry of Foreign Affairs, Criminal, Ministry of Foreign, US Defense, Horta, Ukraine, Pentagon, Twitter Locations: Singapore, Russia, Ukraine, Asia, Pacific, China, Switzerland, Beijing, Kharkiv, The Hague, United States, Timor

Zelensky’s surprise attendance at the gathering is a stark illustration of Kyiv’s determination to keep the international community engaged in Ukraine’s defense – and its vision for peace – more than two years into Russia’s devastating invasion. A CNN team at the summit witnessed Zelensky and his delegation arriving. His attendance at the Shangri-la Dialogue in Singapore provides a rare opportunity for Zelensky to potentially meet with defense chiefs from across the Asia-Pacific, including China which has deepened its relations with Moscow since the war. US Defense Secretary Lloyd Austin and defense heads from US allies Australia, Japan, and South Korea, as well as China’s Defense Minster Dong Jun are expected to be in attendance for the three-day gathering. Announcing his arrival at the summit, Zelensky said in a statement on X that he would hold “a number of meetings,” in particular with Austin, Singapore’s president and prime minister, Timor-Leste’s president and Singaporean investors.

Persons: Volodymyr Zelenksy, Zelensky, Lloyd Austin, Dong Jun, ”, Austin, Rustem Umerov, “, Roman Pilipey, Zelenksy, Ukraine’s, Dong, Vyacheslav Madiyevskyy, –, It’s, Sergey Lavrov, Joe Biden, Biden, Donald Trump, CNN’s Ivan Watson, Xiaofei Xu, Alex Stambaugh, Natasha Bertrand, Sharon Braithwaite Organizations: Singapore CNN —, CNN, US, Austin, Ukrainian Defense, Getty, NATO, Russia, Northern, Firefighters, Reuters, Ministry, RIA Novosti, Russian, Key Locations: Singapore, Asia, Kharkiv, China, Moscow, Australia, Japan, South Korea, Timor, Ukraine, AFP, Switzerland, Sweden, Russia, Europe, North Korea, Beijing, Beijing’s, Russian, Reuters Beijing, Zelensky, Kyiv

☆ Mexico election: What to know about a historic presidential race
▼ + stars: | 2024-06-01 | by ( Aditi Sangal | ) edition.cnn.com time to read: +6 min

Here’s who is running for president:Claudia SheinbaumThe 61-year-old Sheinbaum is a former Mexico City mayor and climate scientist. A longtime political ally of incumbent President Andrés Manuel López Obrador, she was the Mexico City environment secretary from 2000-2006 when he was mayor. Her close alignment with López Obrador has been both a blessing and a curse politically. (López Obrador has repeatedly dismissed whispers that he favors a candidate that he could influence, telling press in February that he would “retire completely” after his term.) For a relative newcomer, Galvez’s entry into the presidential race has gained impressive momentum, experts say.

Persons: Here’s, Claudia Sheinbaum, Andrés Manuel López Obrador, Sheinbaum, López Obrador, she’s “, “, Lopez, •, Xóchitl, Vicente Fox, • Galvez, ” Jorge Álvarez Máynez, Jorge Álvarez Máynez, San Pedro Garza García, • Máynez, López, Myriam Guadalupe Castro Yáñez, Greg Abbott, Gálvez, CNN’s Rafael Romo, David Shortell Organizations: Mexico City, National Guard, PRI, PAN, Federal Electricity Commission, Institute for Economy, National Migration Institute, National School of Social, National Autonomous University of Mexico, Texas Gov, Washington Locations: Mexico City, Chiapas, Guanajuato, Jalisco, Morelos, Puebla, Tabasco, Veracruz, Yucatán, Mexico, San, prohibitionism, UNAM, Texas, United States

☆ What seven more months of war would mean for Palestinians, Israelis and the world
▼ + stars: | 2024-06-01 | by ( Abbas Al Lawati | Nadeen Ebrahim | ) edition.cnn.com time to read: +11 min

CNN —Israel has warned that its war in Gaza could extend until the end of the year. Prolonging the war could have catastrophic consequences for Palestinians in the already ravaged territory and significant repercussions for Israel and beyond, experts said. “And currently Hamas doesn’t seem to be ready to release them.”Impact on Israel’s economyThe war hit Israel’s economy hard in the immediate aftermath of October 7. As of January, the Israeli military was spending $272 million per day on the war, according to the Israeli news site Ynet. Despite these efforts, the war persists, civilian casualties rise and famine spreads in Gaza, intensifying pressure from some of his electorate.

Persons: CNN — Israel, Tzachi Hanegbi, ”, Joe Biden, “, Assaf Orion, Juliette Touma, Benjamin Netanyahu, Netanyahu, Yohanan Plesner, Plesner, Israel, Malcolm Shaw, Yaron Wax, Johanna Geron, INSS, Amir Levy, Orion, Daniel Hagari, ” Plesner, Biden Organizations: CNN, National, Institute for National Security Studies, Israel Defense Forces, London School of Hygiene, Tropical Medicine, Johns Hopkins Center, Humanitarian Health, Israel, United Nations, UN Relief and Works Agency for Palestine Refugees, Israeli, Israel Democracy Institute, International Criminal Court, International Court of Justice, United, P Global, Moody’s, Service, Troops, American, West Bank Locations: Gaza, Israel, Tel Aviv, Rafah, Europe, Palestinian, British, The Hague, Netherlands, Saudi Arabia, Riyadh, Egypt, United Arab Emirates

☆ Austin reaffirms U.S. commitment to Indo-Pacific, says region is 'more prosperous when we work together'
▼ + stars: | 2024-06-01 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

US Secretary of Defence Lloyd Austin speaks at the 21st Shangri-La Dialogue summit in Singapore on June 1, 2024. Speaking at the Shangri-La Dialogue in Singapore, Austin said that Washington's enduring commitment to the region has been a "springboard" that has enabled transformative growth in the region. Austin said that the region is seeing a "new convergence" around nearly all aspects of security in the Indo-Pacific. It's about notions of goodwill, uniting around the interests that we share and the values that we cherish," Austin said. "I respectfully disagree with your point that the expansion of NATO caused the Ukraine crisis," Austin replied, drawing applause from the room.

Persons: Defence Lloyd Austin, Nhac Nguyen, Lloyd Austin, Austin, we're, Lai Ching, Lai, Cao Yanzhong, Vladimir Putin, Putin Organizations: Defence, Afp, Getty, SINGAPORE, U.S, NATO Locations: Singapore, United States, U.S, Philippines, Australia, Japan, China, Taiwan, Beijing, NATO, Europe, Russia, Ukraine

☆ Russia Bombards Ukraine with Missiles, Ukraine Says
▼ + stars: | 2024-06-01 | by ( Constant Méheut | More About Constant Méheut | ) www.nytimes.com time to read: +1 min

Russian drones and missiles streaked into Ukrainian skies early Saturday morning, Ukrainian officials said, in a large-scale air assault that appeared to be targeting western Ukraine, including regions near borders with NATO allies. The Ukrainian Air Force said some missiles were heading toward the western Zakarpattia and Lviv regions, which border Hungary, Slovakia and Poland, all members of the North Atlantic Treaty Organization. Shortly after midnight on Saturday, the Ukrainian Air Force reported launches of attack drones followed by waves of missiles. Debris from a downed Russian drone started a fire at an infrastructure facility in the western region of Vinnytsia, and several explosions were heard in the southern city of Zaporizhzhia, local officials said. No casualties were immediately reported.

Organizations: NATO, Ukrainian Air Force, Atlantic Treaty Organization, Polish Army Locations: Ukraine, Zakarpattia, Lviv, Hungary, Slovakia, Poland, Russian, Vinnytsia, Zaporizhzhia

☆ Where Canada's 'super pigs' are most likely to invade the US — and potentially cause millions of dollars in damage
▼ + stars: | 2024-06-01 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +5 min

Read previewResearchers have warned that Canadian "super pigs" could soon invade the US, potentially causing millions of dollars in damage — and four states in particular are especially at risk. The researchers used data from GPS collars on feral pigs to follow their movement patterns and determine their invasion potential. Rodger Mallison/Fort Worth Star-Telegram/Tribune News Service/Getty ImagesBrook called the super pigs an "environmental train wreck." According to USDA estimates, feral pigs already cause $2.5 billion worth of damage to US agriculture annually. So, regardless of what you've heard, it's unlikely you can shoot your way out of a super pig invasion.

Persons: —, Ryan Brook, Rodger Mallison, John Kilgo, Brooks, you've Organizations: Service, Farmers, Business, University of Saskatchewan, Fort Worth Star, Tribune, USDA Forest Service Locations: Canada, Alberta , Saskatchewan, Manitoba, Montana , North Dakota, South Dakota, Minnesota, Stephensville , Texas, California, Texas, Florida, Americas, , Montana, South Carolina

☆ Russia opens a new front: Mapping three key battles in the Ukrainian war
▼ + stars: | 2024-05-31 | by ( Lou Robinson | Sophie Tanno | ) edition.cnn.com time to read: +4 min

In the north, Moscow’s troops are aiming to bring its troops within tube artillery range of Kharkiv city. The nearby Russian city of Belgorod, for instance, has increasingly come under Ukrainian attack in recent months. Since then, Russian troops have made steady progress westwards in the direction of Pokrovsk, which serves as a vital military hub in Ukraine’s war effort. Both Russian military bloggers and Ukraine’s DeepStateMap report small Russian advances into a pocket of recaptured Ukrainian territory. It was first captured by Russian forces in early March 2022 and Moscow again claimed control over it earlier this month, something denied by Ukraine.

Persons: Volodymyr Zelensky, ’, ”, Chasiv Yar, Ukraine’s Organizations: CNN, Russian, Ukraine Locations: Russia, Ukraine, Kharkiv, Vovchansk, Ukraine’s, Russian, Belgorod, Avdiivka, Pokrovsk, Bakhmut, Chasiv, Kramatorsk, Zaporizhzhia, Ukrainian, Moscow

☆ Israel Pushes Into Central Rafah in Southern Gaza Offensive
▼ + stars: | 2024-05-31 | by ( Aaron Boxerman | Lauren Leatherby | ) www.nytimes.com time to read: +4 min

Credit... Jehad Alshrafi/Associated PressThe Israeli military said on Friday that its forces had advanced into central Rafah, pushing even deeper into the southern Gaza city despite an international backlash and pressure from allies to scale back the latest offensive. Israeli commandoes backed by tanks and artillery were operating in central Rafah, the Israeli military said in a statement, without specifying precise locations. GAZA STRIP Area of image Central Rafah GAZA Israeli military vehicles EGYPT GAZA STRIP Area of image Central Rafah GAZA Israeli military vehicles EGYPT Much of eastern Rafah has been devastated since the offensive began in early May, particularly around the border crossing with Egypt, according to satellite photos from May 22. Israel captured the Rafah crossing in an overnight operation on May 7 that marked the beginning of their assault on the area. May 5 RAFAH Rafah crossing 1 mile May 22 GAZA STRIP Area of image Area of most damage Rafah crossing Source: Satellite imagery from Planet Labs The Rafah crossing has served as a vital conduit for getting humanitarian aid into Gaza amid widespread deprivation and hunger.

Persons: Jehad, Israel Organizations: Associated Press, United Nations, International Court of Justice, Planet Labs, Labs Locations: Rafah, Israel, Gaza, Egypt, United States, GAZA, Rafah GAZA, EGYPT GAZA, EGYPT, RAFAH Rafah, Palestinian

☆ Ukraine could soon fire Western-supplied missiles at targets in Russia. But don't expect that to tilt the war in its favor.
▼ + stars: | 2024-05-31 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +6 min

Advertisement"The military logic of allowing Ukraine to use weapons against targets in Russia is straightforward," he said, but "there are structural limits, which Ukraine is now facing." AdvertisementOn Tuesday, France said Ukraine should be allowed to use Western weapons to hit targets in Russia — but only sites that Russia is using to launch attacks on Ukraine. Related storiesThree unnamed officials told Politico on Thursday that Ukraine can now use US-supplied weapons to strike inside Russia. AdvertisementUkraine could also struggle to develop the intelligence needed to find and quickly strike targets farther inside Russia. Advertisement"This does not mean that allowing Ukraine to hit targets in Russia will not help — but it is clearly not a silver bullet to win the war," he said.

Persons: —, Keir Giles, should've, Alexander Libman, Vladimir Putin, hadn't, Volodymyr Zelenskyy, Giles, John Hardie Organizations: Service, Business, Chatham House's, Eurasia Programme, Free University of Berlin, NATO, Politico, Times, Russia's, Foundation for, Defense of Democracies, Ukraine, New York Times, EU, intel Locations: Russia, Ukraine, Chatham House's Russia, Eurasia, Kharkiv, Ukraine's, France, Ukrainian, London, Russian

☆ Is the US decision on Ukraine weapons a game-changer?
▼ + stars: | 2024-05-31 | by ( Christian Edwards | ) edition.cnn.com time to read: +7 min

CNN —The story of the past 27 months since Russia invaded Ukraine has been one of crumbling taboos. Despite securing more weapons from the United States last month, Ukraine has not been able to use them as it pleases. Red lines fadeThe US is joining the United Kingdom, France, Germany and several others in removing restrictions on how Ukraine uses the weapons it is given. Before Biden gave the green light, Putin had made veiled nuclear threats to countries considering allowing Ukraine to strike Russia with their weapons. In both cases, Russia had warned Ukraine and its Western allies not to cross its red line.

Persons: Joe Biden, Antony Blinken, Biden, Volodymyr Zelensky, Valentyn Ogirenko, Adam Kinzinger, Ben Hodges, ”, Vladimir Putin’s, Kateryna, Narciso Contreras, Franz, Stefan Gady, Ukraine “, Mathieu Boulegue, “, Putin, ” Stepanenko Organizations: CNN, Russian, Firefighters, Reuters, Institute for, Anadolu, Getty, International Institute for Strategic Studies, Kharkhiv, Center for, United, Russia Locations: Russia, Ukraine, Kyiv, United States, Moscow, Kharkiv, Washington, “, Prague, Czech, pummel Kharkiv, Russian, Kharkiv Oblast, Vovchansk, Kharkiv region, United Kingdom, France, Germany, Crimea, Kherson, Donetsk, Luhansk, Zaporizhia

☆ Nvidia's Jensen Huang receives a rockstar reception in Taiwan amid a record high stock market
▼ + stars: | 2024-05-31 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Read previewNvidia cofounder and CEO Jensen Huang is in Taiwan this week, where he's getting rockstar reception and boosting the stock market. The drills started on Thursday, but Taiwan's stock market was little changed over the period. "In this case, the AI equity theme, physical investment in AI, and the wider upturn in electronic component demand are driving robust Taiwanese growth and the strong stock market performance," wrote Green. He added that an outright invasion of Taiwan by China is "very unlikely" due to high military and economic risk. "If the macro backdrop is positive and China remains far from achieving 'fortress-like' economic conditions, future sell-offs may offer attractive buying opportunities," Green wrote.

Persons: —, Jensen Huang, Huang, Li Xi, Morris Chang, Lisa Su —, Pat Gelsinger, Cristiano Amon, Rene Haas, Rory Green, It's, Green Organizations: Service, China's People's Liberation Army, Business, Local, rockstar, Asus, AMD, Qualcomm, Semiconductor, PLA, Investors, Philadelphia Stock Exchange, Nvidia Locations: Taiwan, China, Beijing, TSMC, Taipei, Taiwan's, GlobalData.TS, Ukraine, Russia

☆ Why Mexico’s election is more important than ever for the United States
▼ + stars: | 2024-05-31 | by ( Sofía Benavides | ) edition.cnn.com time to read: +11 min

But it’s not just the massive scale of the event that makes it so important in the eyes of observers across the border in the United States. Key to facilitating this shift was the creation of the USMCA trade agreement, which came into effect in 2020 between Mexico, the United States and Canada. “Mexico committed to addressing the two main Mexican issues affecting the United States and that will determine the next election: migration and fentanyl. “But the United States also has to dismantle the network of traffickers within (its own borders). There is a significant network of organized crime in the United States that the administration must arrest, bring to trial, and whose activities it must restrict,” she added.

Persons: Mexico’s, it’s, – Claudia Sheinbaum, Xóchitl Gálvez, Xochitl Galvez, Quetzalli, Claudia Sheinbaum, Raquel Cunha, Reuters “, ”, Rafael Fernández de Castro Medina, Lila Abed, Andrés Manuel López Obrador, Joe Biden, Donald Trump, “, ” Abed, Abed, Ulises Ruiz, Raquel López Portillo Maltos, Jorge Alberto Schiavon Uriegas, López Obrador, Schiavon Uriegas, Carin Zissis, Sheinbaum, Zissis, Lopez Obrador, ¨, Chandan Khanna, “ México, Jose Luis Gonzalez, “ López Obrador Organizations: CNN, Sigamos, Reuters, Center for US, Mexico Studies, University of California, Mexico Institute, Wilson, Workers, AFP, Getty, Mexican Council, Foreign Relations, Center for Studies, Foreign, Trump, Biden, Americas Society, National Guard, Army, ¨ Trump, Border Patrol, Mexican Refugee Aid Commission, Mexican Army, National Security Law, CIA, Ministry of Foreign Affairs, Republican, Democratic Locations: United States, Morena, Mexico City, Mexico, San Diego, China, Canada, Ukraine, Cerritos, Ciudad Guzman, Jalisco, “ Mexico, Americas, Piedras Negras, Eagle, , Texas, Operation Juarez, Ciudad Juarez

☆ Euro zone inflation rises to 2.6% in May, but bloc still seen heading for interest rate cut
▼ + stars: | 2024-05-31 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

Inflation in the euro zone rose to 2.6% in May, statistics agency Eurostat said Friday, but a higher-than-expected print did not sway market bets of an interest rate cut from the European Central Bank next week. Core inflation, excluding the volatile effects of energy, food, alcohol and tobacco, increased to 2.9% from 2.7% in April. The data comes with the ECB widely expected to cut interest rates at its June 6 meeting, the first reduction since 2019. While headline inflation increased in May, fluctuations in the rate have been forecast over the coming months due to base effects from the energy market and the unwinding of government fiscal support schemes across the bloc, . Staff are also due to release their latest round of inflation and growth projections at next week's meeting, providing more clues on the pace and level of potential cuts this year.

Persons: Klaas Knot, Kamil Kovar Organizations: Eurostat, European Central Bank, Reuters, ECB, Staff, Moody's, U.S . Locations: Corfu, Old Town, Greece, London

☆ Russia opens a new front: A visual guide to the Ukraine war
▼ + stars: | 2024-05-31 | by ( Lou Robinson | Sophie Tanno | ) edition.cnn.com time to read: +4 min

It serves as an example of how Russia has been exploiting Ukraine’s main vulnerabilities: insufficient manpower, artillery shortages, sparse air defenses and inadequate defensive fortifications. In the north, Moscow’s troops are aiming to bring its troops within tube artillery range of Kharkiv city. The nearby Russian city of Belgorod, for instance, has increasingly come under Ukrainian attack in recent months. Since then, Russian troops have made steady progress westwards in the direction of Pokrovsk, which serves as a vital military hub in Ukraine’s war effort. It was first captured by Russian forces in early March 2022 and Moscow again claimed control over it earlier this month, something denied by Ukraine.

☆ A Very Quick Guide to Understanding Cricket
▼ + stars: | 2024-05-31 | by ( Victor Mather | More About Victor Mather | ) www.nytimes.com time to read: +1 min

I know baseball, but can you quickly explain cricket as played in the T20 World Cup? With the caveat that there are some oversimplifications, here is the gist:The cricket field is a large circle, and the fielding team spreads out around it. Two batsmen at the center of the circle take turns trying to hit balls from the fielding team’s bowlers. When a batsman does hit the ball, he and his fellow batsman may elect to run between two low posts, called wickets. Another is that the batsmen may hit the ball in any direction, even backward; there is no foul territory.

Persons: I’ll

☆ As U.S. Shifts Policy on Striking Into Russia, Kharkiv Is Hit Again
▼ + stars: | 2024-05-31 | by ( Andrew E. Kramer | ) www.nytimes.com time to read: +1 min

Debris covered a street and firefighters rushed to rescue people from an apartment block hit by a Russian missile early Friday in the city of Kharkiv, just hours after U.S. officials disclosed a shift in policy allowing Ukraine to defend against such attacks by hitting targets in Russia with American-provided weaponry. The shift is narrow in scope, granting Ukraine permission to use American air defense systems, guided rockets and artillery to fire into Russia only along Ukraine’s northeastern border, near Kharkiv. But hitting targets with American weapons inside Russia had been a red line drawn by the Biden administration because of worries about escalation before the cross-border fighting began near Kharkiv. Russia has been launching missiles and gathering forces in the safety of its own territory, out of range of Ukraine’s Soviet-era weaponry. Indeed, in granting permission, U.S. officials said the weapons should only be used in self-defense in the border region.

Persons: Biden Locations: Russian, Kharkiv, Ukraine, Russia, American, Kharkiv .

☆ A hedge on chip stocks if some of the profit-taking in Nvidia continues
▼ + stars: | 2024-05-31 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

After the first sign this week of potential profit taking in Nvidia (NVDA) since it's monster post-earning pop, now might be the time to hedge for further downside in the semiconductor space. I want to utilize SMH (VanEck Semiconductor ETF) to express my protective and bearish strategy. However, I do have concern about the stock's "over ownership" and investors who have become conditioned to NVDA's massive earnings beats. NVDA YTD mountain Nvidia (NVDA), YTD The protective trade strategy I want to implement is to define upside risk while seeking to finance the whole option strategy which will profit if we indeed see Semi's move lower. This also serves as a short-term hedge to any and all exposure you may have to the AI theme.

Persons: SPDR, NVDA Organizations: Nvidia, VanEck Semiconductor, Semiconductor

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