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☆ The weaponization of the dollar will reverse globalization and kill the WTO, it was warned. That's a real threat today as dedollarization gathers force.
▼ + stars: | 2023-07-14 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +6 min

US economic sanctions have spawned something of a global backlash, in the form of the dedollarization movement. This was anticipated as early as 2019, by an expert who warned the weaponization of the dollar could have serious consequences for the global economic system. Back in 2023, dedollarization is a thingFast forward to 2023, and some of the recent rumblings across the global currency and monetary landscape are strikingly in line with Sen's prognostications. All that could come at a huge cost to the global economy – and drive a "complete reversal of global economic integration," he wrote. The dollar's share of global reserves could slowly decline, but no alternatives exist that could completely displace the US currency, Treasury Secretary Janet Yellen said last month.

Persons: Julius Sen, Donald Trump, Sen, prognostications, Emmanuel Macron, Elon Musk, –, optimists, Paul Krugman, Janet Yellen, Putin Organizations: London School of Economics, Service, UN, SWIFT, Allianz, WTO, FX Locations: Wall, Silicon, China, Brazil, Iran, Tehran, Russia, Ukraine, India, Europe

☆ Nobel Prize-winning economist says there’s no need for the Fed to keep hiking interest rates
▼ + stars: | 2023-07-14 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

watch nowNobel Prize-winning economist Christopher Pissarides believes there's no need for the Federal Reserve to keep raising interest rates in the coming months, saying policymakers at the U.S. central bank should instead look to take a breather in the battle against inflation. His comments come shortly after data on Wednesday showed U.S. inflation fell sharply to a two-year low of 3% in June. The reading appeared to underscore the Fed's relative success in containing price rises following a rapid increase in interest rates. "I don't expect anything to happen to make them want to increase interest rates more, but I would definitely wait this time," he added. Federal Reserve Board Chairman Jerome Powell speaks during a news conference following the Federal Open Market Committee meeting, at the Federal Reserve in Washington, DC, on June 14, 2023.

Persons: Christopher Pissarides, CNBC's, Pissarides, Jerome Powell, Mandel Ngan Organizations: Federal Reserve, U.S, Wednesday, Fed, London School of Economics, Economic Sciences, AFP, Getty Locations: Washington ,, Europe, States

☆ Factbox: Potential candidates as next chief of Australia's central bank
▼ + stars: | 2023-07-05 | by ( Wayne Cole | ) www.reuters.com time to read: +2 min

SYDNEY, July 5 (Reuters) - The Australian government will announce this month whether it would reappoint Reserve Bank of Australia (RBA) Governor Philip Lowe or replace him. * Michele Bullock, 60, became the first female Deputy Governor of the RBA when she was appointed in the role in April 2022. She studied economics at the University of New England and a masters from the London School of Economics. He studied economics at Sydney University, and completed a PhD in health economics at the Australian National University. He has PhD degrees in physiology from Cambridge University and in economics from the Australian National University.

Persons: Philip Lowe, Michele Bullock, Bullock, RBA, Steven Kennedy, Kennedy, Kevin Rudd, Julia Gillard, Jenny Wilkinson, David Gruen, Wilkinson, Gruen, Martin Parkinson, Guy Debelle, Fortescue, Australia's, Debelle, Andrew, Carolyn Wilkins, Shri Navaratnam Organizations: SYDNEY, Australian, Reserve Bank of Australia, University of New, London School of Economics, Treasury, Labor, Sydney University, Australian National University, government's Department of Finance, Parliamentary, ANU, Princeton, Australian Bureau of Statistics, Cambridge University, Macquarie University, Department of Prime, Adelaide University, Fortescue Future Industries, University of Adelaide, MIT, Bank of Canada, Thomson Locations: University of New England

☆ The mosquito era: As the world warms, these insects are thriving – and bringing disease
▼ + stars: | 2023-06-29 | by ( Laura Paddison | ) edition.cnn.com time to read: +9 min

James Gathany/CDC/Handout/ReutersWhile serious mosquito-borne diseases remain rare in the US, other countries are not so lucky. While scientists are yet to assess the role climate change has played in the outbreak, Carlson said the links seem clear. But the shift of mosquito-borne diseases into regions like the US and Europe is still likely to be a shock. Scientists are working to develop tools to be able to better assess the link between mosquito-borne diseases and climate change. The path the world takes on reducing planet-heating pollution will lead to very different futures for mosquito-borne diseases, Brady said.

Persons: it’s, Edgar Su, ”, Oliver Brady, –, James Gathany, Colin Carlson, Carlson, I’m, Ernesto Benavides, Celine Gossner, ” Brady, “, Shannon LaDeau, they’ve, ” LaDeau, Jon Cherry, Gossner, Brady Organizations: CNN, US Centers for Disease Control, London School of Hygiene, Medicine, Climate Central, Georgetown University, Getty, European Centre for Disease Prevention, Carey Institute of Ecosystems Studies, Louisville Metro Department of Health, Wellness Locations: United States, Singapore, zika, West, Saharan Africa, Peru, Piura, AFP, Europe, “, Western Europe, China, Texas , Florida, Hawaii, Arizona, India, Louisville , Kentucky, Florida

☆ This recession indicator flashed again as the Fed signaled more rate hikes. It hasn't been wrong for 44 years.
▼ + stars: | 2023-06-29 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Parts of the yield curve inverted deeper after the Federal Reserve Chair's comments. The yield curve has inverted before every major US recession since 1969. The widely-tracked economic indicator is a graphical representation of the spread between long- and short-term US Treasury yields. The closely-followed spread between 10-year and 2-year Treasury yields deepened to minus 100 basis points Wednesday, according to the Federal Reserve Bank of St. Louis. Meanwhile, the gap between 1-year and 30-year government bond yields reached its most inverted level since 1981, per data from Refinitiv.

Persons: Jerome Powell, —, Jerome Powell's, Powell, Louis, Read, Biden Organizations: Federal, Service, Federal Reserve, London School of Economics, Portugal Wednesday, Market Committee, Federal Reserve Bank of St Locations: Portugal, Spain, Madrid

Kremlin spokesman Dmitry Peskov referred questions about Surovikin to the defence ministry, which has so far made no statement about him. Asked by reporters if the Kremlin could clarify the situation with Surovikin, Peskov said: "No, unfortunately not. "So I recommend that you contact the defence ministry; this is its prerogative." Questions about "structural units within the ministry," Peskov said, should be addressed to the defence ministry. The Kremlin said Putin also chaired a meeting about the development of tourism in the region.

Persons: Wagner, Prigozhin, Sergei Surovikin, Yevgeny Prigozhin, Surovikin, Dmitry, Peskov, Vladimir Putin, Putin, Mikhail Gorbachev, Russia's, PUTIN, Alexander Lukashenko, Andrei Kartapolov, Kartapolov, Guy Faulconbridge, Alexander Marrow, Andrew Osborn, Gareth Jones, Mark Heinrich Our Organizations: General Staff, Kremlin, Reuters, Thomson Locations: St Petersburg MOSCOW, Ukraine, Russian, Soviet, Kala, Moscow, St Petersburg, Russia, Belarus, Concord

☆ India’s stock market is hitting record highs. Here’s why
▼ + stars: | 2023-06-28 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

London CNN —India’s stock market is booming as investors take a chance on one of the few bright spots in a fragile global economy. The country’s stocks are so hot that India is now home to the world’s fourth most valuable equity market, behind only the United States, China and Japan. The total value of Indian equities has hit $3.5 trillion, greater than the value of Europe’s two biggest stock markets, in the UK and France, according to data from Refinitiv. Bright prospectsThe surge in Indian equities is a reflection of the strength and potential of the country’s economy, according to economists and fund managers. “The Indian equity market is the classic example of ‘expensive for a reason’,” he said.

Persons: ” Sher Mehta, ” Mehta, Sohini Kar, India Ashish Vaishnav, Pieter Elbers, Narendra Modi, Joe Biden, Apple, Lorenzo La, ”, Posta, La Posta, Gautam Adani Organizations: London CNN, United Kingdom’s FTSE, CAC, Virtuoso Economics, CNN, Monetary Fund, India, London School of Economics, Airbus, ”, Apple, Momentum Global Investment Management Locations: India, United States, China, Japan, Russia, Europe, France, Refinitiv, Mumbai, Washington, Germany

[1/2] The HSBC headquarters is seen in the Canary Wharf financial district in east London February 15, 2015. The ripple effects of so many companies slashing office space has significantly impacted wider markets. 'GENIE OUT OF THE BOTTLE'HSBC for its part has one of the most aggressive targets to cut office space among major employers, with a commitment to axe around 40% globally. Canary Wharf Group, the Docklands commercial landlord, declined to comment. One of the Canary Wharf estate's newer developments, the YY building - a recently completed redevelopment of Thomson Reuters' former headquarters opposite Canary Wharf station - remains vacant, Bloomberg has reported.

Persons: Peter Nicholls, Tony Travers, Travers, Knight Frank, Weil, Gerardine Davies, HSBC's, Moody's, YY, Andrew Mawson, Iain Withers, Chiara Elisei, Sinead Cruise, Paul Sandle, Mark Potter Organizations: HSBC, REUTERS, Companies, London School of Economics, of, Perenna Capital Management, BT, UBS, City of London Corporation, Canary, Canary Wharf Group, Docklands, Thomson Reuters, Bloomberg, Workplace Associates, Employees, Thomson Locations: Canary, London, St Paul's Cathedral, of London, Real, Sweden, Aldgate, City, Swiss, Docklands, Canary Wharf

MOSCOW, June 26 (Reuters) - President Vladimir Putin's former chief strategist on Monday urged an end to mercenary groups in Russia after a mutiny by Yevgeny Prigozhin's Wagner militia, cautioning that they interfered with the chain of command. Vladislav Surkov, once known as the Kremlin’s ‘puppet master’ by friends and foes alike, said "private military companies" were an idea imported from the U.S., created to engage in proxy wars. This is not a proxy war, this is the SVO," Surkov said. As first deputy chief of the Kremlin administration from 1999 to 2011, Surkov helped Putin forge his tightly controlled political system. Prigozhin last month said his nickname "Putin's chef" was stupid as he could not cook, quipping that "Putin's butcher" might be more apt.

Persons: Vladimir Putin's, Yevgeny Prigozhin's Wagner, Vladislav Surkov, Surkov, Alexei Chesnakov, Putin, Prigozhin, Wagner, Russia's, Guy Faulconbridge, Kevin Liffey Organizations: Kremlin, Thomson Locations: MOSCOW, Russia, U.S, Ukraine, St Petersburg, Prigozhin

☆ Vintage Glastonbury photos show how much the festival has changed
▼ + stars: | 2023-06-19 | by ( Martha Alexander | ) edition.cnn.com time to read: +6 min

(CNN) — The countdown to this weekend’s Glastonbury Festival is on; the stages are built, headliners are on their way and some 200,000 people are expected to attend. -Twenty six-year-old British photographer Paul Misso was there on a dual mission: to drive an RV for his friend, the Oscar-winning actress Julie Christie, and to take pictures of the event. “They just languished in a drawer for decades.”A couple sit in a wildflower meadow at Glastonbury Fair in June 1971. The resulting tome, “In The Vale of Avalon: Glastonbury Festival 1971,” may be more than 50 years after the event, but it serves as both a work of art and a historical document. It’s phenomenal.”“In The Vale of Avalon: Glastonbury Festival 1971” is published by IDEA books and available in a limited run of 1,000 copies at Dover Street Market, London.

Persons: David Bowie, Paul Misso, Oscar, Julie Christie, Nicolas Roeg, Christie, “, ‘, ”, Paul Misso Misso, —, Misso, Peter Neal, Roeg, Jean Shrimpton, David Owen, Twiggy, Paul Misso “, Bill Harkin, ” Misso Organizations: CNN, Glastonbury Fair, Fairport Convention, London School of Printing, wholesomeness, Glastonbury, ”, IDEA, “, Nikon Locations: Glastonbury, London, ”, Avalon, British, Dover, Market

☆ Explainer: Why is UK food inflation so stubbornly high?
▼ + stars: | 2023-06-16 | by ( James Davey | ) www.reuters.com time to read: +4 min

While market leader Tesco (TSCO.L) said on Friday there were "encouraging early signs" that food inflation was starting to ease across the market, it remains stubbornly high, running at over 19% in April, according to the most recent official data. Below are possible reasons why:NOT ALL COMMODITY PRICES ARE FALLINGSome global commodity prices have fallen enabling supermarkets to pass on reductions in areas such as milk, bread, butter, pasta and oils. Generally speaking, food retailers and their suppliers operate with long-term contracts. Having eventually secured better prices, suppliers are reluctant to give up those hard won gains. Some politicians and trade unions have raised concerns about profiteering by food retailers, saying they have kept prices high despite falls in commodity, energy and shipping costs.

Persons: Andrew Bailey, reassurances, Ken Murphy, Andrew Opie, Tesco's Murphy, James Davey, David Evans Organizations: Bank of England, Tesco, Food and Agriculture Organization, United Nations, British Retail Consortium, THE, Reuters, Brexit, London School of Economics, Supermarkets, Markets Authority, Thomson Locations: Britain, China, Japan, BREXIT, London, Brussels

It is still unclear exactly what happened to Nord Stream, a multibillion-dollar project that carried Russian gas to Germany. Some U.S. and European officials initially suggested Russia had blown up its own pipelines, an interpretation dismissed as idiotic by President Vladimir Putin. Sub-sea cables which criss-cross the world's oceans have become the arteries of global communications. The intelligence chief of the NATO military alliance cautioned in May that Russia may sabotage undersea cables to punish the West for supporting Ukraine. Russia has repeatedly said the West was behind the Nord Stream blasts - particularly the United States and Britain, which both deny involvement.

Persons: Vladimir Putin, Volodymyr Zelenskiy, Medvedev, Dmitry Peskov, Pulitzer, Seymour Hersh, Joe Biden, Peskov, Philippa Fletcher, Mark Trevelyan Organizations: Russia, CIA, U.S, The Washington Post, The New York Times, U.S . Central Intelligence Agency, Ukraine, Russia's Security, ., NATO, Reuters, White House, Thomson Locations: MOSCOW, Moscow, Nord, Baltic, Germany, Russia, Russian, China, United States, Ukraine, NORD, Britain

He has also said that there could be "nuclear weapons for everyone" who joined the Russia-Belarus union. Putin said Russia would remain in control of the weapons just as the United States controls its own tactical nuclear weapons deployed in Europe. Putin has repeatedly raised concerns about the 200 U.S. B61 tactical nuclear warheads deployed at bases in Belgium, the Netherlands, Germany, Italy and Turkey. Russia's nuclear weapons are controlled and transported by the 12th Main Directorate of the defence ministry (12th GUMO). By putting nuclear weapons back in Belarus, Putin is showing that the architecture of post-Cold War nuclear arms control is crumbling.

Persons: Stringer, Vladimir Putin, Moscow's, Putin, Pavel Zarubin, Su, Lukashenko, Jens Stoltenberg, Guy Faulconbridge, Nick Macfie Organizations: REUTERS, Kremlin, Street, Ukraine, Sukhoi, of American, WHO, United, NATO, B61, U.S, 12th, Directorate, State Department, Thomson Locations: Kakhovka, Nikopol, Ukraine, Dnipropetrovsk region, MOSCOW, Belarus, Russia, Soviet Union, Britain, United States, Belarusian, Lida, Lithuanian, Europe, U.S, Belgium, Netherlands, Germany, Italy, Turkey, Kazakhstan, States

The budget deficit is estimated at a record 64.36 trillion Iraq dinars, more than double the last budget deficit in 2021, according to a budget document and lawmakers. The budget sets the exchange rate for oil revenues in U.S. dollars at 1,300 dinars per dollar. It will remain valid through 2025, though it is subject to amendment, including to the oil price it uses given its near-total dependence on oil revenue. To break even, Iraq required an oil price of $96 bpd, it said, while the price averaged $71.3 bpd in May. Baghdad previously had no say over Kurdistan's expenditure of oil revenues, with Kurdistan unilaterally exporting crude via Turkey despite Baghdad's objections.

Persons: Mohammed Nouri, Ahmed Tabaqchali, Ahmed Rasheed, Timour, Shri Navaratnam, Robert Birsel Organizations: Media, REUTERS, London School of Economics Middle East Center, Monetary Fund, Thomson Locations: Baghdad, Iraq, REUTERS BAGHDAD, Kurdistan, Iraqi, Turkey, Erbil, Iraq's, Kurdish, Ankara

☆ George Soros hands control of his $25 billion empire to his son Alex
▼ + stars: | 2023-06-12 | by ( Jihye Lee | ) www.cnbc.com time to read: +2 min

George Soros, billionaire and founder of Soros Fund Management LLC, speaks during an event on day two of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, May 24, 2022. Philanthropist billionaire George Soros confirmed that he is handing control of his $25 billion empire to his son Alex. Soros, 92, has a net worth of $6.7 billion, according to Forbes, and is the one of the top 400 richest people in the world. The Open Society Foundations did not immediately respond to a CNBC request for comment but a spokesperson did confirm the details of the interview with the Reuters news agency. Billionaire Elon Musk recently took to Twitter to attack Soros after his Soros Fund Management cut its stake in Tesla.

Persons: George Soros, Alex . Soros, Forbes, Alex, Donald Trump, Soros, Elon Musk Organizations: Soros Fund Management, Economic, Open, Wall Street, Soros, Society, CNBC, Reuters, U.S . Democratic, Bank of England, London School of Economics, Twitter, Fund Management Locations: Davos, Switzerland, U.S, Hungary

"Wagner will not sign any contracts with Shoigu," Prigozhin said in response to a request for comment on the matter. The defence ministry did not respond to a Reuters request for comment. The defence ministry said that in the interests of increasing the effectiveness of "volunteer detachments", all such units - or their men - would have to sign a contract with the defence ministry by July 1. It did not mention Wagner by name but it routinely refers to Wagner as "volunteer assault detachments". "These measures will increase the combat capabilities and effectiveness of the armed forces and their volunteer detachments," Deputy Defence Minister Nikolai Pankov said.

Persons: Prigozhin, Wagner, Shoigu, Sergei Shoigu, Yevgeny Prigozhin, Vladimir Putin's, Staff Valery Gerasimov, WAGNER Prigozhin, Sergei Surovikin, Nikolai Pankov, Guy Faulconbridge, Jason Neely Organizations: MOSCOW, Defence, Staff, Shoigu, Thomson Locations: Ukraine, May, Ukrainian, Bakhmut, United States, Africa, Washington, Russia, Russian

[1/3] Russian President Vladimir Putin and Belarusian President Alexander Lukashenko speak during a meeting at the Bocharov Ruchei residence in Sochi, Russia June 9, 2023. Putin announced in March he had agreed to deploy such weapons in Belarus, pointing to U.S deployment of tactical nuclear weapons in a host of European countries over many decades. It is still unclear where the Russian nuclear warheads - which will remain under Russian control - will be kept in Belarus. RANGEPutin, who is the ultimate decision maker on any nuclear launch, said Iskander mobile short-range ballistic missiles, which can deliver nuclear warheads, had already been handed over to Belarus. Putin has repeatedly raised the issue of U.S. B61 tactical nuclear warheads deployed at bases in Belgium, the Netherlands, Germany, Italy and Turkey.

Persons: Vladimir Putin, Alexander Lukashenko, Lukashenko, Putin, Moscow's, Vladimir Vladimirovich, Volodymyr Zelenskiy, Su, Guy Faulconbridge, Kevin Liffey, Andrew Osborn, Frances Kerry Organizations: Belarusian, Sputnik, NATO, United, Sukhoi, B61, Cuban Missile Crisis, Thomson Locations: Sochi, Russia, Kremlin, Belarus, Europe, Putin MOSCOW, Soviet Union, Russian, Black, United States, Ukraine, Moscow, China, Washington, Minsk, Berlin, Stockholm, Soviet, Kazakhstan, Belgium, Netherlands, Germany, Italy, Turkey, Nevada

MOSCOW, June 9 (Reuters) - Russia said on Friday it had repelled fierce Ukrainian offensives in the Zaporizhzhia and Donetsk regions, killing more than 1,000 Ukrainian troops and destroying dozens of tanks and armoured vehicles. It said Ukrainian forces had attacked Russian lines four times with two battalions supported with tanks just south of Velyka Novosilka in Donetsk, but were pushed back. Russian forces had also repelled two attacks just south of city of Orikhiv in the Zaporizhzhia region, the ministry said. Russia, which on Tuesday said Ukraine had lost 3,715 men in three days, did not give its own casualty figures. Ukraine has declined to comment on the long-awaited counter-offensive and has accused Russia of spreading lies about it.

Persons: Vladimir Putin, Guy Faulconbridge, Mark Trevelyan, Andrew Osborn, Angus MacSwan Organizations: Ukraine, Reuters, New York Times, U.S, Thomson Locations: MOSCOW, Russia, Donetsk, Moscow, Ukraine, Velyka Novosilka, Orikhiv, Zaporizhzhia, Kyiv, Washington, Russian

☆ The UK needs a pragmatic relationship with China despite the U.S.' hawkish stance, professor says
▼ + stars: | 2023-06-08 | 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 EmailThe UK needs a pragmatic relationship with China despite the U.S.' hawkish stance, professor saysTony Travers, visiting professor at the London School of Economics, says he expects the alignment between British Prime Minister Rishi Sunak and the Biden administration will be "a very close one" when it comes to the Ukraine war.

Persons: Tony Travers, Rishi Sunak, Biden Organizations: U.S ., London School of Economics, British Locations: China, Ukraine

MOSCOW, June 8 (Reuters) - For more than 15 months Russia has been fighting a war in Ukraine that the Kremlin refused to call a war - but that is changing: President Vladimir Putin is using the word "war" more often. The Russian media was ordered not to use the word war - and has either complied or shut down. But in response to what Russia said was a major Ukrainian drone attack on Moscow, Putin last week used the word "war" four times in relation to Ukraine, according to a Kremlin transcript of his remarks. "What is more important is what is says about the future: does war mean a more serious approach and what will Russia at war look like?" Attacks far inside Russia that Moscow blamed on Ukraine have stiffened opinion within the Kremlin, emboldening hawks who propose a much tougher approach to a war in which Putin has said Russia has not got even got serious yet.

Persons: Vladimir Putin, Putin, Pavel Zarubin, Sergei Shoigu, Dmitry Peskov, Sergei Lavrov, Wagner, Yevgeny Prigozhin, Vyacheslav Gladkov, Lyndon B, Johnson, George W, Bush, Leonid Brezhnev, Abbas Gallyamov, Nikita Yuferev, Yuferev, Prigozhin, Putin's, General Augusto Pinochet, Guy Faulconbridge, Philippa Fletcher Organizations: Kremlin, Nazi, Red, Motherland, U.S, Soviet, West, Russia, Reuters, Thomson Locations: MOSCOW, Russia, Ukraine, Russian, Ukrainian, Moscow, Ukraine's, Crimea, Soviet, Nazi Germany, Russia's Belgorod, Europe, U.S, Vietnam, Afghanistan, St Petersburg, RUSSIA, Chile, Pinochet

[1/3] A view shows the Nova Kakhovka dam that was breached in the course of Russia-Ukraine conflict, in the Kherson Region, Russian-controlled Ukraine, June 6, 2023. What is the dam, what happened - and what do we not know? THE KAKHOVKA DAMThe dam, part of the Kakhovka hydroelectric power plant, is 30 metres (98 feet) tall and 3.2 km (2 miles) long. The dam bridged the Dnipro River, which forms the front line between Russian and Ukrainian forces in the south of Ukraine. Creation of the 2,155 sq km (832 sq mile) Kakhovka reservoir in Soviet times forced around 37,000 people to be moved from their homes.

Persons: Alexey Konovalov, Josef Stalin, Nikita Khrushchev, Volodymyr Zelenskiy, Zelenskiy, Peskov, Vladimir Rogov, Maxar, Rafael Grossi, Grossi, Guy Faulconbridge, Michael Perry, Peter Graff, Jon Boyle Organizations: REUTERS, TASS, Nova, International Atomic Energy Agency, Thomson Locations: Russia, Ukraine, Kherson Region, Russian, Soviet, Dnipro, Ukrainian, Crimea, Salt, U.S ., Utah, Zaporizhzhia, Nova Kakhovka, Kherson, CRIMEA, Crimean

[1/2] Founder of Wagner private mercenary group Yevgeny Prigozhin speaks with servicemen during withdrawal of his forces from Bakhmut, 2023. Press service of "Concord"/Handout via REUTERSSummary Prigozhin: conflict with Chechens settledPrigozhin: Kremlin factions endanger the stateSays defence ministry is in chaosWagner may go to Belgorod region - PrigozhinMOSCOW, June 3 (Reuters) - Russian mercenary leader Yevgeny Prigozhin said on Saturday that Kremlin factions were destroying the state by trying to sow discord between him and Chechen fighters. Prigozhin said a dispute between him and Chechen forces who are also fighting alongside the Russian army in Ukraine had been resolved. But he laid the blame for the discord on unidentified Kremlin factions - which he calls "Kremlin towers". "Dangerous games have become commonplace in the Kremlin towers...they are simply destroying the Russian state."

Persons: Wagner, Yevgeny Prigozhin, Vladimir Putin's, Prigozhin, Putin, Ramzan Kadyrov's Akhmat, Sergei Shoigu, Staff Valery Gerasimov, Niether, Guy Faulconbridge, Angus MacSwan Organizations: Press, Staff, Thomson Locations: Bakhmut, Concord, Belgorod, MOSCOW, Russian, Ukraine, Kremlin, Soviet Union

[1/2] Participants gather near a screen showing Russian President Vladimir Putin, who delivers a speech at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 17, 2022. The forum in St Petersburg, the former imperial capital built by Tsar Peter the Great 300 years ago as a "window" to Europe, has been held since 1997 and is cast by many officials as Russia's answer to the World Economic Forum held in Davos. Western journalists have never before been banned from the forum in such a blanket way. "It has indeed been decided this time not to accredit publications from unfriendly countries to the SPIEF," Kremlin spokesman Dmitry Peskov told TASS, using the acronym for the forum. "Unfriendly countries" is a definition used by Moscow to describe those who have sanctioned it over the war in Ukraine.

Persons: Vladimir Putin, Anton Vaganov, Tsar Peter the Great, Dmitry Peskov, Peskov, Prince Abdulaziz bin Salman, Alexander Novak, Putin, Guy Faulconbridge, Christina Fincher, Angus MacSwan Organizations: St ., Economic, REUTERS, St Petersburg, Reuters, Russian, Thomson Locations: St, St . Petersburg, Saint Petersburg, Russia, MOSCOW, St Petersburg, Europe, Davos, Moscow, Ukraine, Saudi Arabia, China

Russia and the United States, by far the biggest nuclear powers, have both expressed regret about the disintegration of the tangle of arms control treaties which sought to slow the Cold War arms race and reduce the risk of nuclear war. Russia's point man for arms control, Deputy Foreign Minister Sergei Ryabkov, said Washington had informed Moscow about the move ahead of going public with it so it was no surprise. But Ryabkov said the pillars of arms control were collapsing and were in a "semi-lethal" condition due to what he cast as the hostile policies of the United States. "Through the fault of the United States, many elements of the former architecture in this area have either been completely destroyed or moved in a semi-lethal state." The New START Treaty, struck in 2011, obliged the United States and Russia to limit deployed intercontinental ballistic missiles, deployed submarine-launched ballistic missiles, and deployed heavy bombers equipped for nuclear armaments.

Persons: Vladimir Putin, Sergei Ryabkov, Washington, Ryabkov, Russia's, Jake Sullivan, Sullivan's, Guy Faulconbridge, David Holmes Organizations: U.S, ultimatums, Washington, United, Russian Federation, Cuban Missile, Soviet Union, TASS, 1998, Reuters, Thomson Locations: Russia, ultimatums Russia, U.S, MOSCOW, United States, Moscow, Ukraine, ultimatums, States, Washington, Soviet, unshakable

☆ This man is walking the UK coastline with his partner and baby
▼ + stars: | 2023-06-02 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +15 min

“We’re a tight knit little group.”Life-changing journeyChris Lewis met his partner, Kate Barron, while walking the UK coastline. Courtesy Chris Lewis and Kate Barron“So this lady just kind of wanders down all bubbly and chirpy,” he recalls. I never went home.”The couple, along with Jet, continued on, walking down the east coast of Scotland together, and then into England. According to Barron, Lewis tends to walk ahead on these occasions. Unsurprisingly, walking and camping with a baby has been a totally different experience for both of them.

Persons: CNN —, Christian Lewis, ”, Lewis, Caitlin, he’d, Kate Barron, Jet, Magnus, “ We’re, ” Lewis, Chris Lewis, Barron, Chris, “, ” Barron, Cliff, Kate Barron “, ‘ I’ve, ’, Kate, Lewis ’, ” They’ve, Jet’s, She’ll, they’ve, we’re, “ Magnus, who’ve, she’s, That’s, ” He’s, ” “ I’d, “ Kate, We’re, “ I’ve, I’m Organizations: CNN, CNN Travel, Jet, ”, British Army’s Parachute Regiment Locations: Wales, Llangennith, Swansea, Northern Ireland, Scotland, Scottish, Shetland, Covid, North, St Abbs, Afghanistan, London, Inverness, England, Yorkshire, Dorset, Gower, North Devon, Ssafa

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