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☆ Meet the typical Midwest mover, a Gen Zer from California who's paying under $1,500 a month in rent
▼ + stars: | 2024-02-27 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Many of these new residents are single Gen Zers, millennials, and students. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . For some, that's meant flocking to the Midwest, and its promises of cheaper living, more space, and friendly neighbors. While the initial pandemic bump in Midwest residents has slowed a little, its population level is still above pre-pandemic highs. Gen Zers, the oldest of whom are 27, make up the greatest percentage of movers, followed by millennials, topping out at age 43.

Persons: —, Gen Zers, millennials, Zers, Gen Xers, Gen Alpha, haven't, Redfin, Texans —, James McClure, Alcynna Lloyd, McClure, Lloyd Organizations: Service, Gen, Census, Midwest, Texans Locations: Midwest, California , Florida, Texas, East Coast, New York, Massachusetts, Wisconsin, Minnesota, Austin

☆ Russia is twisting the knife after Navalny's sudden death
▼ + stars: | 2024-02-23 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +5 min

He appears to be flexing his unrivaled power with performative cruelty and firmly twisting the knife after Navalny's death. AdvertisementNavalnaya had unsuccessfully been trying to retrieve her son's body since Saturday. She was previously sent to the wrong morgue after multiple demands for the authorities to hand over her son's body, according to Yarmysh. Navalny's death — and the way the authorities have handled his body — are displays of his authoritarian power. No one should be fooled," Biden told reporters shortly after Navalny's death was announced.

Persons: —, Alexey Navalny, Navalny, Vladimir Putin's, Joe Biden, Putin, Lyudmila Navalnaya, Alexey, Kira Yarmysh, Navalnaya, Yarmysh, Ivan Zhdanov, Alec Luhn, Simon Miles, Miles, Biden, Sergei Lavrov Organizations: Service, Business, YouTube, Guardian, Luhn, Soviet Union, Duke University's Sanford School of Public, Sky News, Kremlin Locations: Salekhard, Soviet, Moscow, St, Petersburg

☆ Putin is flexing his power with the deaths of his opponents — but he may also be highlighting the weakness of his regime
▼ + stars: | 2024-02-23 | by ( Erin Snodgrass | Kelsey Vlamis | ) www.businessinsider.com time to read: +6 min

"That's an extraordinary power, and Putin did it effectively, making sure it wound up in the news." AdvertisementThe display of power by the Russian state, while jarring, is not out of the norm for Putin's regime, which has been accused of assassinations abroad for decades. Both Navalny's and the pilot's deaths fit Putin's playbook to a T, exemplifying the lengths to which the Russian regime will go to maintain the illusion of total power, Schmidt said. AdvertisementFor years, Navalny represented the most formidable threat to Putin's regime, criticizing corruption in the Russian state and organizing powerful anti-Kremlin protests. AdvertisementNavalny's death shows Putin is easily threatenedThe two experts said Navalny's death, rather than simply displaying Putin's power, actually highlighted his weakness.

Persons: —, Vladimir Putin, Alexey Navalny, Putin's, Putin, Matthew Schmidt, Schmidt, Navalny, Simon Miles, Miles, Robert English Organizations: Service, Business, The University of New Haven, US Army's School, Advanced Military Studies, Russia's Federal Prison Service, Kremlin, Duke University's Sanford School of Public, Soviet Union, University of Southern Locations: Ukraine, Russian, Spain, Russia, Avdiivka, Russia's, Soviet, Moscow, University of Southern California, Soviet Union, Eastern Europe

☆ Russia has managed to skirt many of the West's sanctions, but they still come at a cost to Putin: economist
▼ + stars: | 2024-02-22 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

Sanctions against Russia work as they limit access to funding, technology, and oil revenues, an economist told The Conversation. Without Western sanctions, Ukraine would be having a harder time in the war with Russia. While Russia has managed to circumvent some sanctions, they come at a price. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy .

Persons: —, Sergei Guriev Organizations: Service, Sciences Po Paris, Business Locations: Russia, Ukraine, Russian

☆ China's biggest banks are finally getting scared by the West's sanctions against Russia
▼ + stars: | 2024-02-21 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

The Industrial and Commercial Bank of China, China Construction Bank, and Bank of China have stopped the transactions since the start of 2024, Alexey Poroshin, the general director of investment and consulting firm First Group, told Izvestia. In December, the US also authorized secondary sanctions targeting financial institutions that help Russia skirt sanctions. Chinese banks are tightening compliance checks with Russian businesses because they fear getting caught up in the West's increasingly restrictive sanctions regime against Russia over its invasion of Ukraine. Industrial and Commercial Bank of China, China Construction Bank, and Bank of China did not immediately respond to a request for comment from Business Insider. In particular, Russian firms trading internationally have become more dependent on Chinese institutions and the Chinese yuan since some Russian banks withdrew from the SWIFT global financial-messaging system .

Persons: —, Alexey Poroshin, Poroshin, Dmitry Peskov Organizations: Russia, Service, Commercial Bank of, China Construction Bank, Bank of, First Group, Union, Industrial, Bank of China, Business, SWIFT Locations: Russia, Commercial Bank of China, China, Bank of China, —, Ukraine, India, West, Beijing

Its price target of $4,380 suggests nearly 18% upside from Friday's close. "We expect numbers to reset lower (again) with the downward revision a negative catalyst for the multiple, and the margin story likely being pushed out to 2025," wrote analyst Christian Carlino. Analyst Anthony Powell accompanied the move by raising his price target to $204 from $194, implying a potential 15% rally for the stock. The investment firm upgraded the airline stock to market-perform from underperform, boosting its price target to $32 from $26. His price target of $338 per share implies upside of just 5% from Friday's close.

Persons: Bernstein, Evercore, Piper Sandler, Brian Mullan, Mullan, — Jesse Pound, Aaron Kessler, — Michelle Fox, JPMorgan downgrades Holley, Holley, Christian Carlino, Carlino, HLLY, hasn't, — Lisa Kailai Han, AvalonBay, Anthony Powell, Powell, AVB, Lisa Kailai Han, Joshua Shanker, Morgan Stanley, bullish Tesla, Tesla, Adam Jonas, Jonas, Russell Quelch, Quelch, MSCI, Arun Viswanathan, Viswanathan, Rosenblatt, Hans Mosesmann, Mosesmann, Michael Linenberg, Linenberg, David Vernon, David Raso, Raso, Assuredness, Fred Imbert, ~$ ~$ Organizations: CNBC, Airlines, Southwest Airlines, Deutsche Bank, JetBlue, Caterpillar, Foods, . Restaurant, Seaport Research, Booking Holdings Seaport Research Partners, Booking Holdings, JPMorgan, Barclays, Bank of America, AIG, of America, Tesla Network, RBC, Ball Corporation, Markets, Ball Corp, Aerospace, BAE Systems, Ball, Micro Computer, Super Micro Computer, Micro, ASM, Spirit Airlines, Bernstein, Spirit, Boeing Max, ISI, CAT Locations: Southwest, Friday's

☆ I make my credit card points go further with one extra step that makes a huge difference
▼ + stars: | 2024-02-19 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +3 min

I maximize my Chase credit card points by transferring them to my airline accounts. AdvertisementWhen redeeming my Chase Sapphire Preferred credit card points for flights and hotel stays, I used to book everything through the Chase Travel Portal. With the Chase Sapphire Preferred card, each point is worth a fixed 1.25 cents on travel booked through the Chase Travel Portal, meaning 100 points equals $1.25. In the Chase Travel Portal, the Southwest flight I wanted would have cost all 21,887 points I have saved up, plus an additional $16 to cover the remaining difference. A flight from New York City to St. Louis in the Chase Travel Portal.

Persons: —, Nikki, Chase, Louis, Talia Lakritz, I'm, I'd Organizations: Service, Sapphire, Chase, IHG, Airlines Locations: St, New York City, Southwest

☆ Kayne West's sampling of icons like Donna Summer and Ozzy Osbourne is a 'clear-cut' case of copyright infringement, legal experts say
▼ + stars: | 2024-02-18 | by ( Hannah Getahun | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +8 min

Though Ozzy Osbourne left Black Sabbath in 1979, his wife, Sharon Osbourne, told Billboard any songs the band wrote — Osbourne, Tony Iommi, Geezer Butler, and Bill Ward — require the approval of all four members to license. Regardless of the social media feud, legal experts say if true, the unauthorized use of the samples would be a “clear-cut” case of copyright infringement. He didn't dispute it,” entertainment attorney Donald M. Woodard of Carter and Woodard told Business Insider. AdvertisementOsbourne's recent objection to West's sample would be considered a new copyright claim, as the license for use does not permit West to sample the song in perpetuity. In 2022, Chicago artist Marshall Jefferson accused the rapper of using his song “Move Your Body” in the West song “Flowers” without permission.

Persons: —, Ty Dolla, West —, Ye —, Ozzy Osbourne, Donna Summer, West …, Donna Summer's, …, Osbourne, West swiped, Ye, Kanye, Hitler West, he'd, Instagram, Alex Jones, Hitler, Sharon Osbourne, — Osbourne, Tony Iommi, Geezer Butler, Bill Ward —, Rolling Stone, FUGA, Tyrone William Griffin Jr, — hasn't, Sharon, Bianca Censori —, Ozzy, who's, I've, Donald M, Woodard of Carter, Woodard, West, ” Woodard, “, Robert Freund, Freund, Marshall Jefferson, Griffin Organizations: Service, ign, Business, Billboard, West, iTunes, Apple Music, FUGA, Spotify, Amazon Music, Daily Mail, Kanye Locations: Chicago

☆ These options plays can help investors profit from a pullback in stocks, Goldman says
▼ + stars: | 2024-02-18 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Those options could be relatively cheap right now for some of the more vulnerable stocks, according to Goldman. "During normal market environments, the options market prices options efficiently based on trailing realized volatility. Our long-term studies have shown that Free Cash Flow is the most important fundamental metric to watch when estimating downside asymmetry," Marshall said in the note. To identify put option candidates, Goldman found stocks trading above the firm's price targets and low or negative free cash flow. That company reported a net loss of $116.6 million in 2023 , with free cash flow of just $7.9 million.

Persons: John Marshall, Goldman Sachs, Goldman, Marshall, — CNBC's Michael Bloom Organizations: Southwest Airlines, LUV, Tech, Intel, Southwest

☆ Navalny death is a pre-election gambit from Putin, anti-Kremlin activist Bill Browder says
▼ + stars: | 2024-02-17 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

Anti-Kremlin activist Bill Browder said he believes Alexei Navalny's death was intended as a message to political opponents of Russian President Vladimir Putin ahead of elections next month. Dissident Navalny, who died Friday, had been serving a 19-year prison sentence on charges of extremism in Russia, which he vehemently denied. World leaders reacted with dismay and suspicion to the death, with U.S. President Joe Biden saying "Putin is responsible." Russia's Foreign Ministry on Friday said the West's reaction to Navalny's death was "self-exposing," given that no forensic medical examination had been made available at the time. Browder, the CEO and co-founder of Hermitage Capital Management and a friend of Navalny, also accused the Russian leader of being behind the death.

Persons: Bill Browder, Alexei Navalny's, Vladimir Putin, Navalny, Joe Biden, Putin, Browder, Alexei Navalny, CNBC's Silvia Amaro Saturday Organizations: Kremlin, U.S, Hermitage Capital Management, Munich Security Conference Locations: Russia

☆ How to wear the runway — on your own budget
▼ + stars: | 2024-02-17 | by ( Joi-Marie Mckenzie | Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

On the agenda today:But first: How to wear the runway — on your own budget. "It's still all about simplicity," "America's Next Top Model" winner Eva Marcille told Business Insider at the Badgley Mischka runway show. And while some will pay a premium for designer fashion, others want to experiment with a dupe first. AdvertisementTens of thousands of young, high-earning professionals abandoned New York City and California during the pandemic, taking their coastal salaries to cities like St. Louis. BI headed to New York Fashion Week, where we asked attendees to name the status symbols they've been seeing and coveting.

Persons: —, Dia Dipasupil, — Beyoncé, Blake Lively, Uma Thurman, It's, Eva Marcille, YouGov, Gen Z, Connie Zhou, Kim Kardashian, Tom Brady, Tyler Le, Louis, Mary Altaffer, Louis Vuitton, Tiffany, Van Cleef, — we've, David C Tomlinson, Muhammad Ali, Stevie Nicks, Jim, Jon Stewart's, Joi, Marie McKenzie, Dan DeFrancesco, Jordan Parker Erb Organizations: Service, Getty, New York, Vegas, Fontainebleau Miami Beach, Dior, Netflix, Warner Bros, Charlotte , North Carolina —, Paramount Locations: Fontainebleau, Fontainebleau Las Vegas, Sin City, New York City, California, St, New, Dior, Beverly, Phoenix, Scottsdale, Paradise, Beverly Hills of Arizona, Paradise Valley, Charlotte , North Carolina, New York

☆ NatWest profit jumps 20% as Thwaite confirmed as CEO
▼ + stars: | 2024-02-16 | by ( ) www.cnbc.com time to read: +2 min

The logo of NatWest, a retail unit of RBS, outside a bank branch in London, U.K., on Tuesday, June 26, 2012. British bank NatWest confirmed Paul Thwaite as its permanent chief executive on Friday and reported forecast-beating profit for 2023, as it gears up for a crunch sale of state-owned stock in the company after a scandal-hit year. The taxpayer-backed lender reported pre-tax profit of 6.2 billion pounds ($7.81 billion) for the 12-month period, up 20% on 5.1 billion pounds the prior year and ahead of a 5.95 billion pounds average of analyst forecasts compiled by the bank. NatWest also announced a final dividend of 11.5 pence per share and a share buyback of 300 million pounds. NatWest set aside 578 million pounds for potential soured loans, up from 337 million pounds the prior year - but the figure came in below analyst forecasts.

Persons: Paul Thwaite, Thwaite, Alison Rose, Nigel Farage, Rose, Peter Flavel Organizations: NatWest, RBS, Brexit Party Locations: London

☆ The US risks joining a long list of powers that tried and failed to stop the Houthis
▼ + stars: | 2024-02-07 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But while the US enjoys overwhelming military superiority over the Houthis, defeating this tribal movement would be a nightmare. Case in point: Egypt tried to suppress the Houthis in the 1960s. Today's Houthis are attacking ships in the Red Sea – and hurling ballistic missiles at Israel – ostensibly in response to Israel's military operations in Gaza. Indeed the rebellion eased Israel's lightning victory in the 1967 Six-Day War, a fact that the Houthis have chosen not to publicize.

Persons: —, Gamal Abdel Nasser, Jesse Ferris, Nasser's Gamble, Nasser, quagmire, Islam –, Yemen —, Ferris, Mohammed Hamoud, Israel –, Israel, Lawrence Organizations: Service, Business, Broadway, Israel Democracy Institute, Palestine, US, Royalists, British, Yemeni Locations: Yemen, Egypt, Vietnam, British, Zaidi, Islam, Arab, Soviet, Russia, America, Afghanistan, Gaza, Saudi, Britain, Israel, Iran

☆ Brazil's Candidate to Head Interpol Says Time for Non-Western Leader
▼ + stars: | 2024-02-05 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

By Anthony Boadle and Ricardo BritoBRASILIA (Reuters) - Interpol should elect a new head from a developing nation to diversify the organisation and boost its credibility as crime becomes increasingly globalised, Brazil's candidate to head the international police agency, Valdecy Urquiza, told Reuters. This would help Interpol strengthen global cooperation to combat transnational crime, said Urquiza, currently Brazil's Federal Police Director for International Cooperation. Interpol's executive committee will elect a new secretary general Feb. 13 for a five-year term, succeeding its current head, Juergen Stock of Germany. The selected candidate will be put to Interpol's General Assembly in November. "Interpol cannot be used for geopolitical ends, so it is important that the secretary general comes from a neutral country, and Brazil has that.

Persons: Anthony Boadle, Ricardo Brito, Valdecy Urquiza, Urquiza, Britain's Stephen Kavanagh, Faisal Shahkar, Moscow, Brazil's, Ros Russell Organizations: Ricardo Brito BRASILIA, Reuters, Interpol, Federal Police, International Cooperation, Juergen, Germany, Police Services, Assembly Locations: Europe, United States, Nawa, Zambia, Pakistan, Lyon, France, Russia, Ukraine, Brazil

☆ Adidas says it plans to sell its remaining Yeezy sneakers – and it doesn't want to make a loss
▼ + stars: | 2024-02-01 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Adidas says it plans to sell its remaining stocks of Yeezy sneakers worth nearly $300 million. "The company plans to sell the remaining Yeezy product at least at cost in 2024," Adidas said in a press release Wednesday. The German sportswear retailer had previously planned to write off roughly 300 million euros ($324 million) of Yeezy inventory. It now plans to sell around 268 million euros ($289 million) of its remaining stock. AdvertisementAdidas said that it had sold Yeezy stock worth 1.2 billion euros in 2022 and 750 million euros in 2023, the latter of which generated a preliminary operating profit of around 300 million euros.

Persons: Ye, —, Bjørn, George Floyd, Gulden Organizations: Adidas, Service, Kanye, Twitter, Defamation League, Keeta Floyd Institute for Social, Business, Argentine

☆ CIA chief says Russia's failures in the Ukraine war have sealed its fate as 'China's economic vassal'
▼ + stars: | 2024-01-31 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

The Russia-Ukraine war has dealt multiple setbacks to Vladimir Putin, says CIA chief William Burns. The invasion, Burns said, had weakened Russia's military and economy. "Russia's economy is suffering long-term setbacks, and the country is sealing its fate as China's economic vassal," Burns wrote in an opinion article for Foreign Affairs on Tuesday. AdvertisementThe Ukraine war, Burns said, has dealt "immense damage" to Russia's military. Russia's military and economic setbacks have also seen it turn to countries like North Korea and Iran for munitions.

Persons: Vladimir Putin, William Burns, Burns, Putin, —, William J, Grant Shapps Organizations: CIA, Foreign Affairs, Service, subjugating, NATO, UK Defense, Business Insider Locations: Russia, Ukraine, beholden, China, Kyiv, subjugating Ukraine, North Korea, Iran, Finland

☆ Taylor Swift unknowingly inspired a startup jewelry brand to make a luxury friendship bracelet. Then she wore it to a Chiefs game.
▼ + stars: | 2024-01-30 | by ( Amanda Krause | ) www.businessinsider.com time to read: +4 min

Junck had also just attended Taylor Swift's Eras Tour in Pittsburgh with her younger sister. Taylor Swift's TNT bracelet from Wove. They got their wish on Sunday when the Wove employee caught a glimpse of a smiley-face charm on Swift's bracelet — the signature piece of West's collaboration jewelry. Taylor Swift's jewelry at the AFC Championship game. Diamond tennis bracelets made for Taylor Swift and Travis Kelce by Wove.

Persons: —, Kendall Junck, Michelle Wie, Michelle, Junck, Taylor, Simone Kendle, Swift, Travis Kelce, Kendle, Travis, Taylor Swift's, she's, Rob Carr, They've, who's, it's, Taylor Swift Organizations: Service, Business, Kansas City Chiefs, NFL, Kansas City, AFC, Army Locations: Pittsburgh, West, Kansas, Lancaster , Pennsylvania, Pennsylvania

☆ Activist investors in Gildan Activewear will have chance to bring back fired CEO at special meeting
▼ + stars: | 2024-01-29 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +4 min

Browning West's move is unusual in the activist world, where investors are more often focused on replacing CEOs than backing them. Browning West, a long-time shareholder, points to Chamandy's success in an increasingly competitive industry as one reason why he should be CEO. Berg has served on Gildan's board since 2015 and has been chair since 2019. Browning West seeks to replace Berg and seven other directors with their own nominees, including Chamandy and Browning West's Lee. Last week, Gildan applied to a Quebec court to nullify Browning West's request and to cancel the meeting.

Persons: Gildan, Glenn Chamandy, Gildan's, Vince Tyra, Chamandy, Browning, It's, Browning West's, Peter Lee, Usman Nabi, Anson, Janus Henderson, Broder Brothers, Donald Berg, Forman, Berg, Browning West, Browning West's Lee, Bill Ackman Organizations: Asset Management, Brown, Coliseum Capital, CNBC Locations: Barbados, Montreal, Los Angeles, Connecticut, Quebec

☆ Former NATO commander says the Ukraine war could end just like the Korean War, with Russia clinging on to parts of Ukrainian land
▼ + stars: | 2024-01-29 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Read previewThe end of the Ukraine war could look a lot like that of the Korean War, with parts of Ukraine remaining occupied by Russian forces, says a former NATO supreme allied commander. This story is available exclusively to Business Insider subscribers. Russia invaded Ukraine in February 2022. The long-drawn conflict has seen Russia grappling with the West's crippling sanctions and Ukraine leaning on Western support for their war efforts. Representatives for Stavridis did not immediately respond to a request for comment from Business Insider sent outside regular business hours.

Persons: —, James Stavridis, Stavridis, John Catsimatidis, John, we've, Volodymyr Zelenskyy, Vladimir Putin, Zelenskyy, Sergey Lavrov Organizations: Service, Business, US, NATO, Business Insider Locations: Ukraine, NATO, Russia, Crimea

☆ Seeking Western Support, Zelenskiy Voices World War Risk
▼ + stars: | 2024-01-28 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

BERLIN (Reuters) - President Volodymyr Zelenskiy voiced the danger of the Ukraine conflict escalating into World War Three, as he pressed his case for support from nations from Germany to the United States in an interview with German state broadcaster ARD on Sunday. "It seems to me that the Chancellor (Olaf Scholz) is aware of this risk," Zelenskiy said, adding that if Russia hit a NATO country, it would be "the beginning of the Third World War." "It's not just about Olaf Scholz," he said. "It concerns European leaders and the U.S."In the U.S., Zelenskiy said Ukraine has support from across the political divide. "There are individual Republicans who do not support Ukraine, but the vast majority of Democrats and Republicans support Ukraine," he said.

Persons: Volodymyr Zelenskiy, Olaf Scholz, Zelenskiy, It's, Donald Trump, Maria Martinez, Barbara Lewis Organizations: BERLIN, ARD, NATO, Taurus, Republicans Locations: Ukraine, Germany, United States, Russia, Crimea, U.S

☆ Ukraine appears to be attacking Russia's oil and gas industry with small, cheap drones that can bypass its air defenses
▼ + stars: | 2024-01-27 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +4 min

Several oil and gas facilities in Russia have caught fire in recent weeks following suspected drone attacks. Russia's air defense systems have proven to be less effective against small drones. AdvertisementUkraine appears to be targeting Russia's oil and gas industry with small, cheap drones as it seeks to disrupt Russian supply lines. Ukraine is likely targeting the facilities in an attempt to disrupt Russia's military operations. AdvertisementWhy Ukraine is able to embarrass Russia's air defense systemsRussia's air defense systems have proven to be less effective against small drones as they struggle to detect them.

Persons: —, Lapenko, Vladimir Putin's, Vladimir Putin, Samuel Bendett Organizations: Service, New York Times, Times, Bloomberg, Reuters, Getty, RBC, Center for Naval Locations: Russia, Ukraine, Tuapse, Klintsy, Ukrainian, Moscow, Baltic Ust, St, Petersburg, Lake Valdai, Valdai

☆ Italy Looks to Use G7 Chair to Boost Support for Ukraine, Scrutinise AI
▼ + stars: | 2024-01-23 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +3 min

Italy will chair the G7, which also groups the United States, Japan, Germany, Britain, France and Canada, throughout 2024 and will host a summit in June. However, the source said G7 leaders were determined to show they remained fully committed to Kyiv and could not risk showing signs of weakness two years after Russia invaded its neighbour. "We must change the narrative on Ukraine," the source said, adding that Russian President Vladimir Putin had lost significant financial, military and diplomatic clout since the invasion. Italy is planning to stage 20 ministerial meetings during its G7 presidency, kicking off with a three-day gathering from March 13-15 on industry, technology and digitalisation, which will put a spotlight on the fast-paced AI revolution. Rome will also propose creating a steering committee to ensure greater G7 coordination on AI.

Persons: Crispian Balmer, Angelo Amante ROME, Vladimir Putin, Giorgia Meloni, Angelo Amante, Nick Macfie Organizations: Artificial Intelligence, Kyiv, Italy's Locations: Italy, Russia, Ukraine, United States, Japan, Germany, Britain, France, Canada, Africa, China, Washington, Brussels, Kyiv, Puglia, Rome, Beijing

DALLAS (AP) — Pilots at Southwest Airlines have overwhelmingly approved a new contract that will raise their pay rates by nearly 50% by 2028, becoming the last group of pilots at the nation’s four biggest airlines to score huge raises. The Southwest Airlines Pilots Association said Monday that the agreement covering pay and other issues for about 11,000 pilots was ratified by a 93% to 7% margin. Airline labor groups – and pilots in particular – have succeeded in negotiating pay raises over the past year as most U.S. have returned to solid profitability coming out of the pandemic. The Southwest agreement followed more than three years of bargaining. The contract calls for an immediate 29.15% increase in pay rates upon ratification, followed by 4% raises in 2025, 2026, and 2027 and a 3.25% increase in 2028.

Persons: ”, Casey Murray, Adam Carlisle Organizations: DALLAS, — Pilots, Southwest Airlines, Southwest Airlines Pilots Association, Pilots, Southwest Locations: Delta, United

☆ Ukraine's military spy chief says Russia would have struggled without North Korea's arms
▼ + stars: | 2024-01-22 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Ukraine's military spymaster Kyrylo Budanov says Russia is reliant on North Korean weapons. Budanov said that for the Russians, using North Korean arms is an "indignity" to them. AdvertisementRussia would have been in a tough spot without North Korea's arms, says Ukraine's military spymaster. A shortage of arms meant the Russians had to turn to allies like Iran and North Korea for supplies. On January 5, the UK's defense secretary claimed that Russian President Vladimir Putin had to beg North Korea for their weapons.

Persons: Kyrylo Budanov, Budanov, —, Vladimir Putin, Putin, Grant Shapps Organizations: Financial Times, Service, Business Insider Locations: Russia, North Korea, Ukraine, Iran

☆ Russia Says It Won't Discuss Nuclear Arms Control With US While It Backs Ukraine
▼ + stars: | 2024-01-18 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

MOSCOW (Reuters) - Russia said on Thursday it was impossible to discuss nuclear arms control with the United States without taking into account the situation in Ukraine, accusing Washington of seeking military dominance. But Lavrov said the proposal was unacceptable to Russia because of the West's backing for Ukraine in the war now approaching the end of its second year. Its lapse would leave the two countries with no remaining nuclear arms agreement at a time when tensions between them are at the highest point since the Cuban missile crisis of 1962. He accused the West of pushing Ukraine to use increasingly long-range weapons for strikes deep inside Russia. There were no grounds to discuss arms control while the West was conducting what he described as "hybrid war" against Moscow, he said.

Persons: Sergei Lavrov, Lavrov, Mark Trevelyan, Andrew Osborn Organizations: Washington, Ukraine, Cuban, NATO, Moscow, West, Reuters Locations: MOSCOW, Russia, United States, Ukraine, Belgorod

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