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Still, it could hurt perceptions of Chinese EV makers as they expand abroad, Bernstein analysts said in a client note. Nio and Geely declined to comment on the EU probe, while BYD, Xpeng and SAIC did not respond to requests for comment. Shares in European carmakers were also among the biggest fallers on the euro zone stock index (.STOXXE50) in early trading. STRAINED RELATIONSThe anti-subsidy probe, initiated unusually by the European Commission and not from any industry complaint, comes amid broader diplomatic strains between the EU and China. It accounted for 40.25% of EV exports from China between January and April 2023.

Persons: Annegret, Ursula von der Leyen, Bernstein, BYD, CATL, Cui Dongshu, EVs, Donny Kwok, Brenda Goh, Ryan Woo, Anne Marie Roantree, Tom Hogue, Jamie Freed, Mark Potter Organizations: REUTERS, China, EV, EU, European, Ministry of Commerce, Eurasian Group, Reuters Graphics, Reuters Graphics Hong Kong, HK, Geely, SAIC, BMW, Volkswagen, Mercedes, European Commission, China Passenger Car Association, EVs, for Strategic, Internal Studies, Reuters, Thomson Locations: Berlin, Germany, Europe, China, SHANGHAI, BEIJING, Beijing, EU, Brussels, Southeast Asia, Reuters Graphics Hong, Shanghai, Xpeng, Shenzhen, SZ, Moscow, Russian, Ukraine, U.S, Hong Kong

Analysts said the probe could slow capacity expansion and the capital spending cycle of China's battery suppliers, although the move should not pose a big downside risk for Chinese EVs. Hong Kong shares of market leader BYD fell more than 3%. Nio and Geely declined to comment on the EU probe, while BYD, Xpeng and SAIC did not respond to requests for comment. GROWING MARKET SHAREEU officials believe Chinese EVs are undercutting the prices of local models by about 20% in the European market, piling pressure on European automakers to produce lower-cost electric vehicles. It accounted for 40.25% of EV exports from China between January and April 2023, up from 36.5% in 2022.

Persons: Angelika Warmuth, Ursula von der Leyen, BYD, CATL, der Leyen, Li Qiang, Cui Dongshu, EVs, Donny Kwok, Brenda Goh, Ryan Woo, Anne Marie Roantree, Tom Hogue, Jamie Freed Organizations: BYD Company, REUTERS, China, EV, European Commission, EU . European, Analysts, HK, Geely, SAIC, EU, Chamber of Commerce, China Passenger Car Association, Center, Strategic, Internal Studies, Volvo, Thomson Locations: Munich, Germany, Europe, HONG KONG, SHANGHAI, Hong Kong, Beijing, Shanghai, Xpeng, Shenzhen, SZ, China, Moscow, Russian, Ukraine, New Delhi, Brussels, U.S

☆ What is shadow banking? Unpacking the risks for China
▼ + stars: | 2023-09-14 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

China Photos | Getty Images News | Getty ImagesBEIJING — China's real estate problems have again drawn attention to the world of shadow banking and the risks it poses to the economy. Shadow banking — a term coined in the U.S. in 2007 — refers to financial services offered outside the formal banking system, which is highly regulated. Estimates of the size of shadow banking in China vary widely, but range in the trillions of U.S. dollars. Shadow banking and real estateChina's property sector, an estimated one-fourth of the economy, lies at the intersection of shadow banking, local government finances and household assets. "These trust companies were basically part of the shadow banking system in China."

Persons: —, Logan Wright, Wright, Shimao, PwC, Edward Chan, Nomura Organizations: Getty, BEIJING, Developers, Logan Wright Center for Strategic, Center for Strategic, Studies, PricewaterhouseCoopers, CNBC, CSIS Locations: Shanghai, China, U.S

☆ Kim Jong Un's latest alliance with Putin could make him a formidable force
▼ + stars: | 2023-09-12 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

North Korea's Kim Jong Un and Russia's Vladimir Putin are meeting in Vladivostok. But this time, it's Kim who has the upper hand, and many fear his new alliance with Putin will make him a formidable force. "If Russia pays in oil and food, it can revive the North Korea economy, which in turn could then also strengthen North Korea's weapons system. AdvertisementAdvertisementBut Putin, at this stage, likely sees challenging US influence in Asia, by bolstering North Korea, as a bigger priority. In the tumult that's resulted from the Ukraine war, Kim, a canny and ruthless player, could yet emerge as one of the big winners.

Persons: Kim Jong, Russia's Vladimir Putin, Putin, Kim, Kim Jong Un, Vladimir Putin, Donald Trump, it's Kim, Victor Cha, Ellen Kim, Sergei Shoigu, JUNG YEON, Yang, Sergey Radchenk, Henry, Kissinger Organizations: Service, North, New York Times, Analysts, CSIS, Russian, Korean, Getty, Asian Institute for Policy Studies, BBC, UN Security Council, Guardian, China, US Locations: Vladivostok, Ukraine, Wall, Silicon, North Korean, North Korea, Russia, Washington, Seoul, North, Asia

☆ It's going to take a while for China to dig out of its trust deficit with other countries, says CSIS
▼ + stars: | 2023-09-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's going to take a while for China to dig out of its trust deficit with other countries, says CSISErin Murphy, Deputy Director & Senior Fellow of the Economics Program at the Center for Strategic and International Studies, discusses the G20 Summit and President Biden's trip to Vietnam.

Persons: Erin Murphy, Biden's Organizations: Center for Strategic, International Studies Locations: China, Vietnam

☆ ASEAN welcomes world leaders as China-U.S. rivalry overshadows region
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +4 min

The United States and its allies have echoed ASEAN's calls for freedom of navigation and overflight and to refrain from building a physical presence in the area. Just before this week's gatherings, China released a map with its "10-dash line" delineating what it considers its waters, that appeared to expand its claims in the South China Sea. The United States has also courted ASEAN countries with varying degrees of success. 'GREAT DANGER'Lina Alexandra, a political analyst at think tank CSIS, said the draft was "very weak on the issues of the South China Sea". President Joko Widodo of ASEAN chair Indonesia warned on Tuesday that members must not become proxies in big-power rivalry.

Persons: Ferdinand " Bongbong, Marcos Jr, Lee Hsien Loong, Ministry of Foreign Affairs Sarun, Pham Minh Chinh, Li Qiang, Joko Widodo, Kamala Harris, Joe Biden, Xi Jinping, ASEAN's, Lina Alexandra, Alexandra, Wednesday's, Aung, Suu Kyi, Stanley Widianto, Kate Lamb, Kanupriya Kapoor, Robert Birsel Organizations: Singapore's, Ministry of Foreign Affairs, Vietnam's, ASEAN, Wednesday, The Association of Southeast Asian Nations, U.S, White, United, Reuters, CSIS, Thomson Locations: Philippines, Laos, JAKARTA, United States, China, Japan, South Korea, Australia, India, South China, States, South, Indonesia, ASEAN, Myanmar, Suu, Brunei, Cambodia, Malaysia, Singapore, Thailand, Vietnam

Together, experts say, these efforts aim to enhance China’s military reach, which currently includes only one operational overseas naval base in Djibouti on the Horn of Africa. “It’s a question of when – not if – China will secure its next overseas military outpost,” he said. This photo taken on August 1, 2017, shows Chinese People's Liberation Army personnel attending the opening ceremony of China's new military base in Djibouti. The Hambantota commercial port in Sri Lanka has long been considered a prime candidate for a Chinese naval base. However, China’s path to developing permanent overseas bases, if indeed that is its aim, is not straightforward.

Persons: FDD, Craig Singleton, “, –, ”, Tea Banh, FDD’s Singleton, Tang Chhin Sothy, Singleton, Xi Jinping, Stringer, ” AidData, Stephen J, Townsend, ” Townsend, Bata, Ali Bongo Ondimba, Ken Ishii, ’, ” Singleton, China’s, Aaron Favila, Isaac Kardon, Kardon, ” Kardon, BlackSky Singleton, Rob Wittman, Fu Tian, Seth Moulton, ” Moulton, Martin Meiners Organizations: South Korea CNN, People’s Liberation Army Navy, Foundation for Defense of Democracies, People’s Liberation Army, PLA, Ream, Base, CNN, China’s Ministry of Defense, Ministry of Foreign Affairs, Ream Naval Base, ” Cambodian Defense, Cambodian, Getty, Fleet, Communist Party, US, Liberation Army personnel, William & Mary University, Sri Lankan Navy, US Africa Command, Gabonese, of, Xinhua, Naval Research Academy, Carnegie Endowment, International Peace, East China Seas, China, Control, Organization, Force, Strategic, International Studies, Defense Department, Chinese Communist Party, ”, Virginia Republican, The Defense Department, Qingdao Port, People's Liberation Army Navy, China News Service, America, Pentagon, US Defense Department Locations: Seoul, South Korea, China, Beijing, Washington, Cambodia, Argentina, Cuba, Djibouti, of Africa, Africa, West Asia, Gulf, Thailand, United States, Preah Sihanouk, AFP, Horn of Africa, “, South, Taiwan, Virginia, —, Sri Lanka, Bata , Equatorial Guinea, Gwadar, Pakistan, Kribi, Cameroon, Ream, Vanuatu, Nacala, Mozambique, Nouakchott, Mauritania, Colombo, Equatorial Guinea, Gabon, West Africa, South China, East Asia, East, Asia, Washington In Washington, Nanchang, Qingdao, Shandong province, Massachusetts

Col. Yurii Ihnat, Ukraine’s air force spokesman, believes that two squadrons, each of 12 planes, would begin to turn the tables. Mads Claus Rasmussen/Ritzau Scanpix/ReutersBut the F-16 has never gone up against Russian air defenses in the real world. “Russian air defenses are very formidable.”Rapid trainingTraining programs are getting underway for the first batches of Ukrainian pilots – in Denmark, Romania and the United States. Ihnat says about 30 Ukrainian air force pilots have adequate English, the absolute minimum required to stand up two squadrons. The Ukrainian Air Force has long been working on improving and protecting airfields that would accommodate the F-16s.

Persons: Volodymyr Zelensky, Piroschka van de Wouw, Yurii, Volodymyr Zelenskiy, Mette Frederiksen, Mads Claus Rasmussen, Ritzau Scanpix, ”, Mark Cancian, ” Ihnat, Oleksii Reznikov, Ihnat, Cancian, ” Cancian, James B, Hecker, ” Hecker, Frank Kendall, it’s, Mykola Oleshchuk, Su, Kendall, Biden Organizations: CNN, Air Force, Reuters, Denmark's, Center for Strategic, International Studies, Rapid, Reuters Ukrainian Defense, Ukrainian, Air Missiles, Radiation, CSIS, NATO, US, Accounting, US Air Force, US Air Forces Europe, SA, Ukrainian Air Force Locations: Danish, Russian, Netherlands, Denmark, Norway, Ukraine, Romania, United States, Greece, Israeli, Russia

☆ Who is Dmitry Utkin, the Nazi-obsessed Wagner commander presumed dead in the same crash as Prigozhin?
▼ + stars: | 2023-08-24 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Dmitry Utkin, a close associate of Yevgeny Prigozhin, is presumed dead in Wednesday's plane crash. The Wagner Group is named after Utkin's callsign, which stems from his fascination with Nazi Germany. AdvertisementAdvertisementNonetheless, Utkin's influence is woven into the Wagner Group's origin story and its exploits. AdvertisementAdvertisementWith Moran, Utkin served in a failed operation sponsored by the Syrian government to suppress Islamic State militants, the think tank wrote. The US sanctioned Utkin along with the Wagner Group in 2017, citing activities that "threaten the peace, stability, sovereignty, or territorial integrity of Ukraine."

Persons: Dmitry Utkin, Yevgeny Prigozhin, Wagner, Yevgeny Prigozhin's, Utkin, Bellingcat, Prigozhin, Utkin's, Time, Moran, Vladimir Putin, Dmitry Peskov, Prigozhin's Organizations: Service, Wagner Group, Center for Strategic, International Studies, Concord Management, Consulting, BBC, Third, Nazi, Russia's, Moran Security Group, CSIS, Islamic, Radio Free Europe, US, Guardian Locations: Nazi Germany, Wall, Silicon, Moscow, Ukraine, Russian

CNN —Chinese leader Xi Jinping on Tuesday unexpectedly skipped a business forum of the BRICS economic group in South Africa, sending his commerce minister instead to deliver a fiery speech in his name that decried US hegemony. Xi, who arrived in Johannesburg on Monday for the annual BRICS summit of major emerging economies, was scheduled to deliver a speech at its business forum on Tuesday afternoon alongside leaders from India, Brazil and South Africa. Xi was the only BRICS leader who did not attend the business forum. At a regular news briefing Wednesday, Wang Wenbin, another spokesperson for the ministry, sidestepped a question about Xi’s absence at the BRICS business forum. “The (Chinese Communist Party) feels no obligation to provide explanations about why its foreign minister was replaced or its top leader was a no show at the BRICS Business Forum.

Persons: Xi Jinping, Xi, –, Wang Wentao, Vladimir Putin, ”, Bonnie Glaser, Marshall Fund’s, Brian Hart, Cyril Ramaphosa, ” Hart, Wang, Hua Chunying, Wang Wenbin, sidestepped, Xi’s, “ I’ve, Glaser, Qin, Wang Yi, Hart Organizations: CNN, Chinese Commerce, China Power, Center for Strategic, International Studies, South, Ramaphosa, Xinhua, Chinese Foreign Ministry, Communist Party, German Marshall Fund, CSIS Locations: South Africa, Johannesburg, India, Brazil, Beijing, United States, Ukraine, China, ”

☆ North Korea's new ICBM looks and works an awful lot like a Russian ICBM, experts say
▼ + stars: | 2023-08-19 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +2 min

North Korea tested its new Hwasong-18 intercontinental ballistic missile last month. The new IBCM uses "solid-fueled" technology, elevating the threat posed by North Korea. The North Korean Hwasong-18 ICBM was among them. It is a nuclear-capable missile that the country developed in defiance of the UN's attempt to regulate North Korea's nuclear weapons program. The report says the Hwasong-18 is a solid-fueled ICBM, different from the liquid-fueled ICBMs that North Korea has tested over the past few years.

Persons: thinktank, Kim Jung Un Organizations: Service, Strategic, International Studies, CSIS Locations: Korea, North Korea, Russia, Wall, Silicon, Washington, DC, Korean, Russian, United States

☆ China's growing aggression will be in focus as U.S. closes ranks with Japan and South Korea
▼ + stars: | 2023-08-18 | by ( Sumathi Bala | ) www.cnbc.com time to read: +6 min

President Joe Biden will unveil the measures with Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk Yeol at Camp David on Friday, said Kurt Campbell, the White House coordinator for Indo-Pacific affairs. Most countries in the region have "deep, profound economic and political interests," and a "steady and stable relationship" with China, Campbell added. watch nowChina has "warned Tokyo and Seoul against pursuing greater trilateral security cooperation with Washington, but its diplomatic pressure is backfiring," they added. "What President Yoon and Prime Minister Kishida have done has defied expectations. In March, Yoon's government announced a landmark agreement over compensation payments for South Korean victims of Japanese wartime forced labor.

Persons: Joe Biden, Fumio Kishida, Yoon Suk, Brendan SMIALOWSKI, BRENDAN SMIALOWSKI, Brendan Smialowski, David, Kurt Campbell, Camp David, Biden, Campbell, Victor Cha, Cha, Wang Wenbin, Beijing Campbell, Rahm Emanuel, Kishida, Yoon, we've, Yoon's Organizations: Japan's, South, Getty, Afp, Biden, Japanese, Center for Strategic, International Studies, Washington, White, CSIS Locations: Hiroshima, AFP, Japan, South Korea, Camp, Washington, Asia, Korea, Ukraine, Beijing, U.S, China, United States, America, America … China, warily, Eurasia, Tokyo, Seoul, South

☆ Latest North Korean missile sparks new debate over possible Russian role
▼ + stars: | 2023-08-18 | by ( Josh Smith | ) www.reuters.com time to read: +5 min

North Korean leader Kim Jong Un and Russia's Defense Minister Sergei Shoigu visit an exhibition of armed equipment on the occasion of the 70th anniversary of the Korean War armistice in this image released by North Korea's Korean Central News Agency on July 27, 2023. The Hwasong-18 has been tested twice, including on July 12 in what was the longest flight time ever for a North Korean missile test. Russia and North Korea have recently called for closer military ties but North Korea has denied having any "arms dealings" with Russia. The Hwasong-18 clearly takes some design inspiration from Russian missiles, in this case Topol-M and Yars, just as many other North Korean missiles do, the CNS researchers said. "There is nothing sudden or surprising about North Korea’s continued development of large solid propellant rocket motors," they said.

Persons: Kim Jong, Sergei Shoigu, Theodore Postol, Postol, Postol's, California's James Martin, misidentifying, Markus Schiller, Kim, Yoo Sang, Josh Smith, David Brunnstrom, Robert Birsel, Hugh Lawson Organizations: Russia's, North, Korean Central News Agency, KCNA, REUTERS, Rights, Washington -, Strategic, International Studies, Massachusetts Institute of Technology, Korean, UN, California's James, California's James Martin Center, Nonproliferation Studies, Reuters, CSIS, Thomson Locations: Rights SEOUL, Washington, Russia, North Korea, Russian, Korean, RUSSIAN, Europe, Japan, Soviet Union, United States, South Korea, Ukraine, Moscow, Pyongyang, Seoul

☆ Missiles aren't the only threat from North Korea. Its conventional arms are just as deadly
▼ + stars: | 2023-08-17 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +6 min

A fire assault drill by North Korean rocket artillery units at an undisclosed location in North Korea in March 2023 in this photo released by North Korea's Korean Central News Agency (KCNA). In late 2022, CFR estimated North Korea had 1.3 million active military personnel, in addition to a 600,000 strong reserve force. Pinkston pointed out that North Korea is not the only one that can launch an attack at short notice. Holistic perspectiveWhy would North Korea need to develop missiles if it holds such a potent threat over South Korea — even if short-lived? However, Cha pointed out that there have also been studies that have shown the damage inflicted by North Korean artillery is "not that effective."

Persons: that's, Naoko Aoki, Victor Cha, Rand, Daniel Pinkston, Pinkston, Cha Organizations: North Korean, North, Korean Central News Agency, Reuters, Korea's, Rand Corporation ., of Foreign Relations, CFR, Korean, Artillery, Center for Strategic, International Studies, Rand Corp, Samsung Electronics, Rand, . Rand Corporation, LG, South Korean, Troy University, CNBC, Korea People's Army, CSIS Locations: North Korea, Korean, Korea, South Korea, Seoul, Pyongyang, U.S, Paju, counterfire, Washington, United States, Victor, Victor Cha Korea

☆ Yellen's Las Vegas stop shows Bidenomics can be a tough sell
▼ + stars: | 2023-08-15 | by ( Andrea Shalal | ) www.reuters.com time to read: +6 min

REUTERS/Leah Millis/File Photo Acquire Licensing RightsLAS VEGAS, Aug 15 (Reuters) - Daemein Hargrove, 21, recently dropped plans for a four-year college degree to sign up for an apprenticeship program in Las Vegas that he says has given him higher pay, good medical benefits and a pension. But he's also shouldering gas costs of $500 a month as he commutes to a massive solar site 45 minutes outside of Las Vegas. Treasury Secretary Janet Yellen's visit Monday to the Las Vegas training center where Hargrove and nearly 700 other apprentices are being paid to work and learn new skills raises some questions about Biden's approach. Yellen's trip to Las Vegas won praise from union leaders, but drew scant public or local media attention. Casey Harrison, a political reporter at the Las Vegas Sun, said the coverage reflected a lack of demand but also inadequate preparation by the administration.

Persons: Janet Yellen, Leah Millis, Daemein Hargrove, Joe Biden's, Hargrove, They're, he's, He's, Biden, Republican Donald Trump, Janet Yellen's, Casey Harrison, Harrison, it's, we've, Gina Raimondo, Deb Haaland, Yellen, what's, Barack Obama's, Rachelle Warren, Warren, It's, Andrea Shalal, Heather Timmons, Alistair Bell Organizations: Treasury, Development Finance, Strategic, International Studies, REUTERS, LAS VEGAS, U.S, International Brotherhood of Electrical Workers, Republican, Democrats, Las Vegas, NBC, Las, Sun, U.S . Treasury, Reuters, Biden, Thomson Locations: Washington , U.S, Las Vegas, United States, Vegas, Nevada

☆ Ukrainian morgues seeing 'more or less double' the fatalities since counter-offensive began
▼ + stars: | 2023-08-12 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +2 min

Ukraine began its summer counteroffensive in June, armed with Western tanks and weapons. In the time since, morgues are seeing "more or less double" the fatalities, NYT reported. US officials estimated this year that Ukraine had lost more than 100,000 soldiers since the war began. The New York Times reported morgues in the country are seeing vastly increased fatalities due to the heightened fighting. The total dead in the local morgues is "more or less double since the counteroffensive" started, added.

Persons: Taras Svystun, Ukraine doesn't, Mark A, Seth Jones Organizations: Service, Western, Russian, New York Times, Joint Chiefs of Staff, Russian Ministry of Defense, Center for Strategic, International Studies, International Security Locations: Ukraine, Wall, Silicon, Russian

The order is aimed at preventing American capital and expertise from helping China develop technologies that could support its military modernization and undermine U.S. national security. China said on Thursday it is "gravely concerned" about the order and that it reserves the right to take measures. The White House said Biden consulted allies on the plan and incorporated feedback from Group of Seven nations. "Today the United States is taking a strategic first step to ensure American investment does not go to fund Chinese military advancement." Last year, total U.S.-based venture-capital investment in China plummeted to $9.7 billion from $32.9 billion in 2021, according to PitchBook data.

Persons: Joe Biden, Elizabeth Frantz, Biden's, Biden, Chuck Schumer, Marco Rubio, Emily Benson, David Shepardson, Andrea Shalal, Stephen Nellis, Max Cherney, Krystal Hu, Karen Freifeld, Idrees Ali, Liz Lee, Lincoln, Jonathan Oatis, Cynthia Osterman, Michael Perry Organizations: White, REUTERS, Wednesday, U.S, Treasury, Biden, Chinese Commerce Ministry, Seven, Democratic, Republicans, REPUBLICAN, The Semiconductor Industry Association, Center for Strategic, International Studies, Thomson Locations: Washington , U.S, WASHINGTON, China, U.S, Japan, Netherlands, United States, Washington, Beijing

The order is aimed at preventing American capital and expertise from helping China develop technologies that could support its military modernization and undermine U.S. national security. The White House said Biden consulted allies on the plan and incorporated feedback from Group of Seven nations. "Today the United States is taking a strategic first step to ensure American investment does not go to fund Chinese military advancement." Last year, total U.S.-based venture-capital investment in China plummeted to $9.7 billion from $32.9 billion in 2021, according to PitchBook data. The restrictions will hurt both Chinese and American businesses, interfere with normal cooperation and reduce investor confidence in the U.S., he said.

Persons: Joe Biden, Elizabeth Frantz, Biden, Chuck Schumer, Marco Rubio, Emily Benson, David Shepardson, Andrea Shalal, Stephen Nellis, Max Cherney, Krystal Hu, Karen Freifeld, Idrees Ali, Lincoln, Jonathan Oatis, Cynthia Osterman Organizations: White, REUTERS, Wednesday, U.S, Treasury, Biden, Seven, Democratic, Republicans, REPUBLICAN, The Semiconductor Industry Association, Center for Strategic, International Studies, Thomson Locations: Washington , U.S, WASHINGTON, China, U.S, Japan, Netherlands, United States, Washington

"Our drone base in Niger is extremely important in countering terrorism in the region," one of the U.S. officials said. FOREIGN ASSISTANCEThe Biden administration has not formally labeled the military takeover in Niger a coup, a designation that would limit what security assistance Washington can provide the country. The U.S. drone base has grown in importance due to a lack of Western security partners in the region. The drone base, known as airbase 201, was built near Agadez in central Niger at a cost of more than $100 million. Wagner's chief, Yevgeny Prigozhin, has welcomed the coup in Niger and said his forces were available to restore order.

Persons: Abdourahmane Tiani, Balima, Mohamed Bazoum, Russia's Wagner, Biden, Antony Blinken, Nusrat al, Cameron Hudson, Hudson, Terence McCulley, WAGNER, Yevgeny Prigozhin, Wagner, Idrees Ali, Daphne Psaledakis, Simon Lewis, Michelle Nichols, Don Durfee, Deepa Babington Organizations: REUTERS, Nigerien, Islamic State, Al, West African, Center for Strategic, International Studies, United States Institute of Peace, Wagner Group, ., U.S, Thomson Locations: Niger, Niamey, United States, Sahel, Al Qaeda, France, Africa, insurgencies, Russia, China, Washington, U.S, Mali, Burkina Faso, Agadez, State, Nigeria, Ivory Coast, Niger's, Nigerien

REUTERS/Elizabeth Frantz/File PhotoNEW YORK/WASHINGTON, Aug 9 (Reuters) - President Joe Biden on Wednesday signed an executive order that will narrowly prohibit certain U.S. investments in sensitive technology in China and require government notification of funding in other tech sectors. The long-awaited order authorizes the U.S. Treasury secretary to prohibit or restrict certain U.S. investments in Chinese entities in three sectors: semiconductors and microelectronics, quantum information technologies, and certain artificial intelligence systems. Senate Democratic Leader Chuck Schumer praised Biden's order, saying "for too long, American money has helped fuel the Chinese military’s rise. Today the United States is taking a strategic first step to ensure American investment does not go to fund Chinese military advancement." Most investments captured by the order will require the government be notified about them.

Persons: Joe Biden, Elizabeth Frantz, Biden, Chuck Schumer, Biden's, Emily Benson, Benson, David Shepardson, Andrea Shalal, Karen Freifeld, Idrees Ali, Lincoln, Jonathan Oatis Organizations: White, REUTERS, Wednesday, U.S, Treasury, Democratic, Embassy, Reuters, Group, U.S . Department of Commerce, Center for Strategic, International Studies, Thomson Locations: Washington , U.S, WASHINGTON, China, United States, U.S, Washington, States

REUTERS/Elizabeth Frantz/File PhotoNEW YORK/WASHINGTON, Aug 8 (Reuters) - The White House on Wednesday will detail its plans to prohibit some U.S. investments in sensitive technology in China, and require that the government be notified of other investments, a senior government source told Reuters. Reuters reported on Friday that President Joe Biden was expected to soon issue the long-awaited executive order to screen outbound investments in sensitive technologies to China this week. The administration is expected to target active investment such as U.S. private equity, venture capital and joint venture investments in China in semiconductors, quantum computing and artificial intelligence. Most investments captured by the order will require that the government be notified about them, sources have said. The details are still a work in progress, but it is unlikely to cover passive or securities investments, the person said.

Persons: Joe Biden, Elizabeth Frantz, Biden, Jake Sullivan, Gina Raimondo, Emily Benson, Benson, David Shepardson, Karen Freifeld, Lincoln, Jonathan Oatis Organizations: White, REUTERS, Reuters, National, . Commerce, The New York Times, U.S . Department of Commerce, Center for Strategic, International Studies, Thomson Locations: Washington , U.S, WASHINGTON, China, U.S, Beijing, United States

U.S. President Joe Biden delivers remarks on access to mental health care in the East Room of the White House in Washington, U.S., July 25, 2023. REUTERS/Elizabeth Frantz/File PhotoNEW YORK/WASHINGTON, Aug 8 (Reuters) - The White House on Wednesday will detail its plans to prohibit some U.S. investments in sensitive technology in China, and require that the government be notified of other investments, a senior government source told Reuters. Reuters reported on Friday that President Joe Biden was expected to soon issue a the long-awaited executive order to screen outbound investments in sensitive technologies to China this week. The White House declined to comment on Tuesday. Most investments captured by the order will require that the government be notified about them, sources have said.

Persons: Joe Biden, Elizabeth Frantz, Biden, Jake Sullivan, Gina Raimondo, Emily Benson, Benson, David Shepardson, Karen Freifeld, Lincoln Organizations: White, REUTERS, Reuters, National, . Commerce, The New York Times, U.S . Department of Commerce, Center for Strategic, International Studies, Thomson Locations: Washington , U.S, WASHINGTON, China, U.S, Beijing, United States

☆ Ukraine has 14 kinds of howitzers to batter Russian forces, but each gun brings a new problem for Kyiv
▼ + stars: | 2023-08-01 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

Ukraine has 14," Patrick Hinton, a British Army captain, wrote in a recent article on Ukrainian artillery for the Royal United Services Institute, a British think tank. Ukraine's arsenal of towed 155 mm howitzers includes the US M777, British AS-90, France's TRF1, and the British-German-Italian FH-70. For armored self-propelled 155 mm howitzers, Ukraine has received three variants of the American-made M109, plus Germany's PzH 2000, Poland's Krab, and Slovakia's Zuzana 2. To add to the mix, there is France's truck-mounted 155 mm Caesar gun and Lithuania has sent old US-made M101 towed 105 mm howitzers that were designed in 1941. Crash coursesA Ukrainian serviceman in a PzH 2000 155 mm self-propelled howitzer near Bakhmut in June.

Persons: Patrick Hinton, Muhammed Enes Yildirim, France's TRF1, Poland's Krab, ANATOLII STEPANOV, Cannon, Mykhaylo Palinchak, Hinton, Diego Herrera Carcedo, Michael Peck Organizations: Service, Artillery, Russia, British Army, Royal United Services Institute, Center for Strategic, International Studies, Anadolu Agency, Getty, British AS, NATO, Defense, Foreign Policy, Twitter, LinkedIn Locations: Ukraine, Wall, Silicon, British, US, Bakhmut, Italian, Lithuania, Czech, AFP, Soviet, Ukrainian, Donetsk, Europe, Forbes

"What happened in Niger is nothing other than the struggle of the people of Niger with their colonisers. It was unclear who was in charge of Niger after soldiers on Wednesday evening declared a military coup and held President Mohamed Bazoum in the presidential palace. Prigozhin, in his voice message, boasted of Wagner's alleged efficiency in helping African nations stabilise and develop in what sounded like a sales pitch. "...Thousands of Wagner fighters are capable of bringing order and of destroying terrorists and of not allowing them to harm the local populations of these states," he said. Reporting by Andrew Osborn Additional reporting by Milan Pavicic Editing by Philippa FletcherOur Standards: The Thomson Reuters Trust Principles.

Persons: Wagner, Yevgeny Prigozhin, Prigozhin, colonisers, Mohamed Bazoum, Putin, Sergei Lavrov, it's, Andrew Osborn, Milan, Philippa Fletcher Organizations: Reuters, Wednesday, Central African Republic, Kremlin, Analysts, PMC, U.S, CSIS, Thomson Locations: Niger, St Petersburg, MOSCOW, Russian, Western, Africa, France, Central African, Belarus, Russia, Moscow

☆ Kim Jong Un showed Russia his arsenal of nuclear weapons, the newest of which is among North Korea's most dangerous missiles
▼ + stars: | 2023-07-27 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

Kim Jong-Un showed off his arsenal, including North Korea's newest ICBM, a powerful missile that is among the most troubling. And part of the jam-packed state visit's agenda included Kim Jong Un showing off his arsenal of missiles capable of carrying nuclear warheads, including its newest ballistic missile achievement. On Thursday, Kim met with Russian Minister of Defense Sergei Shoigu to discuss military and security issues, according to North Korean state media. North Korea hasn't conducted a nuclear test since 2017, so it's unclear what the priorities and timeline of their program are. It's also currently unclear whether Russia and China's visit this week could potentially conclude with a demonstration of the Hwasong-18 missile or other military assets.

Persons: Kim Jong, Kim, Sergei Shoigu, North Korea hasn't, Ian Williams, REUTERS Kim, It's, China's Organizations: Service, Russian, UN, Getty, Missile Defense, CSIS, REUTERS, Korean Locations: Korea, Russian, North, Wall, Silicon, Korean, Russia, China, North Korea

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