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Samsung's 11-year-old investment in ASML has been hugely lucrative. Over the past decade, ASML shares have delivered a whopping 25% annualised return to its shareholders. It's part of Samsung's ambitious $230 billion commitment to bolster South Korea's semiconductor and high-tech sectors over the next 20 years. Moreover, Samsung's cash is probably held in overseas affiliates and subsidiaries across different jurisdictions; its annual report lists hundreds of entities abroad. That should help ease Samsung’s vexing cash bind, but the company may still need to come up with some creative funding choices.
Persons: Taiwan's TSMC, ASML, Antony Currie, Thomas Shum Organizations: Reuters, Samsung Electronics, Korean Economic, Intel, Samsung, HK, SFA Engineering, Apple, Korea Economic, Thomson Locations: HONG KONG, KS, ASML, United States, Korea
A child plays the game "Honour of Kings" by Tencent at home in Dezhou, Shandong province, China July 2, 2017. REUTERS/Stringer Acquire Licensing RightsHONG KONG, Aug 17 (Reuters Breakingviews) - China's economic woes have gifted Tencent (0700.HK) an unexpected silver lining. Revenue rose a decent 11% to 149 billion yuan ($20.4 billion), but fell slightly short of the average analyst forecast compiled by Refinitiv. That compares to the 151.7 billion yuan average analyst forecast of 21 analysts compiled by Refinitiv. Adjusted net profit, after excluding certain one-time and non-cash items, rose 33% to 37.5 billion yuan.
Persons: Tencent, Stringer, HONG KONG, Refinitiv, James Mitchell, pare, Alibaba, Antony Currie, Thomas Shum Organizations: REUTERS, Reuters, HK, Revenue, Tencent, Citi, Refinitiv, Thomson Locations: Dezhou, Shandong province, China, HONG, Tencent, Hong Kong
A child plays the game "Honour of Kings" by Tencent at home in Dezhou, Shandong province, China July 2, 2017. REUTERS/Stringer Acquire Licensing RightsHONG KONG, Aug 17 (Reuters Breakingviews) - China's economic woes have gifted Tencent (0700.HK) an unexpected silver lining. Revenue rose a decent 11% to 149 billion yuan ($20.4 billion), but fell slightly short of the average analyst forecast compiled by Refinitiv. That compares to the 151.7 billion yuan average analyst forecast of 21 analysts compiled by Refinitiv. Adjusted net profit, after excluding certain one-time and non-cash items, rose 33% to 37.5 billion yuan.
Persons: Tencent, Stringer, HONG KONG, Refinitiv, James Mitchell, pare, Alibaba, Antony Currie, Thomas Shum Organizations: REUTERS, Reuters, HK, Revenue, Tencent, Citi, Refinitiv, Thomson Locations: Dezhou, Shandong province, China, HONG, Tencent, Hong Kong
HONG KONG, Aug 15 (Reuters Breakingviews) - Hong Kong has lost some permanent appeal. The introduction of two sets of approvals was mandated three decades ago when foreign investors wanted additional protections to invest in the first wave of Chinese firms listing in Hong Kong. China's domestic securities laws have since developed and global investors can now directly buy shares onshore through various channels. That could lead to more onshore shares being issued relative to offshore shares, further diluting minority owners in Hong Kong. In 2020, Hong Kong shareholders vetoed the Bank of Zhengzhou's proposal to avoid such an outcome.
Persons: Hong Kong, HKEX, Una Galani, Thomas Shum Organizations: Reuters, Hong Kong Exchanges, HK, China Securities Regulatory Commission, Asia Securities Industry, Financial Markets Association, Corporate Governance Association, China Life Insurance, Wall, Hong, Bank of, Companies, Global, Hang Seng China Enterprise Index, Graphics Global, Thomson Locations: HONG KONG, Hong Kong, China, Shanghai, Shenzhen, Hong
Ukrainian mechanics are working on the frontlines to rapidly fix and convert captured vehicles. One mechanic told The New York Times that Russian vehicles have been vital in the counteroffensive. "Without the Russian captured vehicles, we would not manage to keep going," he told The Times. "Without the Russian captured vehicles, we would not manage to keep going," he told The Times. He said the brigade captured more than 20 Russian vehicles in the past six weeks of Ukraine's counteroffensive.
Persons: , Hammer, Oleksandr Saruba, Michael Kofman, Kofman Organizations: New York Times, Times, Service, 35th Marine Brigade, Deutsche Welle, Carnegie Locations: Russian, Wall, Silicon, Ukraine, Russia, Ukrainian
That includes 800 pieces of artillery, tanks, and other vehicles, Deutsche Welle reports. "Russia is competing with Western countries to supply weapons to Ukraine," Col. Oleksandr Saruba told Deutsche Welle. Ukraine has been making use of captured weapons and armor since the outset of the war — in March 2022 it announced that it had captured 24 Uragan missiles and had aimed them back at the enemy. Despite the constant work of Ukrainian repair shops, some captured vehicles use modern parts that aren't manufactured in Ukraine, which still relies heavily on Soviet-era tanks. This has caused the loss of a sizable chunk of the Western-supplied vehicles Ukraine has deployed, leading to a shift in tactics, multiple reports say.
Persons: Col, Oleksandr Saruba, Saluba, Deutsche Welle, Michael Kofman, Kofman, Valery Zaluzhny Organizations: Deutsche Welle, Service, Grad, Deutsche, Russia, Carnegie Endowment, Washington Post Locations: Ukraine, Wall, Silicon, Russia, Ukrainian, Russian, Ukraine's
"The move by Iran of the American hostages from Evin Prison ... is an important development," Genser said in a statement. Iran's mission to the United Nations, however, told Iranian state media the release of the dual nationals from prison was part of a U.S.-Iranian prisoner exchange deal. The five Americans will be allowed to leave Iran after $6 billion of Iranian funds in South Korea are unfrozen, a source told Reuters. Karim Sadjadpour, a Carnegie Endowment for International Peace analyst, said Iranian Americans should still avoid travel to Iran. "This deal will reinforce the view of (Iran's) Revolutionary Guards that hostage taking is a lucrative practice with minimal costs," he said.
Persons: Dado Ruvic, Tehran's, Siamak Namazi, Emad Shargi, Morad Tahbaz, Jared Genser, Genser, Adrienne Watson, Joe Biden, Henry Rome, Donald Trump, Karim Sadjadpour, Namazi, Tahbaz, Shargi, Arshad Mohammed, Parisa Hafezi, Humeyra Pamuk, Jeff Mason, Jasper Ward, Dan Whitcomb, Mark Porter, Lisa Shumaker, Grant McCool Organizations: REUTERS, WASHINGTON, U.S, Iranian, National Security, United Nations, Reuters, South, Democrat, Washington Institute for Near East, Republican, Carnegie Endowment, International Peace, Guards, Iran's, Thomson Locations: DUBAI, Iran, South Korea, United States, U.S, Washington, Tehran, Qatar, IRAN, Iraq, Lebanon, Yemen, Rome, Dubai
The long-awaited rule is expected to require that real estate professionals such as title insurers report the identities of the beneficial owners of companies buying real estate in cash to the Treasury's Financial Crimes Enforcement Network (FinCEN). Criminals have for decades anonymously hidden ill-gotten gains in real estate, Treasury Secretary Janet Yellen said in March, adding that as much as $2.3 billion was laundered through U.S. real estate between 2015 and 2020. That debate has slowed down FinCEN's work on the real estate reporting rule, one of the sources said. PATCHWORKWhile banks have long been required to understand the source of customer funds and report suspicious transactions, no such rules exist nationwide for the real estate industry. FinCEN implemented GTOs in 2016 after the New York Times revealed that nearly half of luxury real estate was bought by anonymous shell companies.
Persons: Janet Yellen, Erica Hanichak, FinCEN, Jodi Vittori, Guo Wengui, Guo, Donald Trump, Steve Bannon, Howard, David Szakonyi, Luc Cohen, Chris Prentice, Amy Stevens, Michelle Price, Matthew Lewis Organizations: U.S . Treasury Department, FACT Coalition, Association, New York Times, Carnegie Endowment, International Peace, Nardello, Government, Office, George Washington University, New, Thomson Locations: New York, Miami, Los Angeles, Chinese, Jersey, Manhattan
Political violence in polarized U.S. at its worst since 1970s
  + stars: | 2023-08-09 | by ( ) www.reuters.com   time to read: +26 min
Three academics who reviewed the cases say they add to growing evidence that America is grappling with the biggest and most sustained increase in political violence since the 1970s. Political violence surged for nearly a decade starting in the late-1960s – 1970 alone saw more than 450 cases, LaFree said. In contrast, much of today’s political violence is aimed at people – and most of the deadly outbursts tracked by Reuters have come from the right. “Political warfare”There’s no official tally of how many Americans die each year from political violence. Most of the fatal political violence identified by Reuters was carried out by people who embraced far-right views.
Persons: Kristen King’s, King, , Austin Combs, , “ He’s, wailed, Anthony King, Donald Trump, Gary LaFree, LaFree, Rachel Kleinfeld, Carnegie’s Kleinfeld, Trump, Christopher Wray’s, Combs, Let’s, Joe Biden, Dave Spurrier, ” Combs, Wayne Staton, gaunt, Bri Smith, “ honk, Bubba, Ross, Cody Lee Harbaum, ” Harbaum, Edgar, Floyd Rockwell, Terry B’s, “ Hillary, Kim Jenkins, Patti Betz, “ Austin, Betz, Miss Patti, , ” Betz, Paul Pelosi, Nancy Pelosi, Paul, Nancy Pelosi’s, Katie Pridemore, Shawn Popp, Popp, Donald Henry, Henry, , Craig Greenberg, Quintez Brown, Greenberg, Brown, ” Brown, Robert Telles, Telles, Benjamin Smith, Dajah Beck, Beck, Smith, Allie Bradley, “ You’re, Bradley, Kristine Christenson, Ben Smiths, rightwing hecklers, ” Bradley, Knightly’s, Katherine Knapp, King’s, Kristen, Pridemore Organizations: Democrat, Reuters, U.S . Capitol, University of Maryland criminologist, Oklahoma, Federal Bureau of, Carnegie Endowment, International, Democratic, Trump, U.S . Department of Homeland Security, Republican, Democratic Party, Republican Party, Miss, . House, San, U.S, Capitol, Media, Attorney’s Office, Judicial, Las, Veterans, Pridemore Locations: OKEANA, Ohio, Okeana, America, Florida, Portland, Buffalo, Washington, Butler County, Brandon, Butler, Hamilton, San Francisco, Wisconsin, New Mexico, U.S, Louisville , Kentucky, China, Taiwan, California, Clark County , Nevada, Las Vegas, Normandale, Portland , Oregon,
HONG KONG, Aug 3 (Reuters Breakingviews) - South Korea’s dealmaking skeletons are back to haunt. Paul Singer's Elliott opposed a $9 billion union eight years ago of Samsung C&T (028260.KS) and Chiel Industries. South Korea’s successful prosecution of Lee, Park and a former minister that oversaw NPS, provided cause for Elliott to demand payback. Elliott sued in 2018 and the Permanent Court of Arbitration in the Hague in June awarded the U.S. fund over $100 million. Far from being the end of it though, President Yoon Suk Yeol’s government is contesting that award in a British arbitration court.
Persons: Samsung's Lee, Paul Singer's Elliott, Elliott, Jay Y, Lee, Park Geun, Yoon Suk, Hague, Yoon, Taiwan's TSMC, Una Galani, Thomas Shum Organizations: Reuters, Korea Inc, Samsung, Chiel Industries, National Pension Service, NPS, U.S ., Korea, Trade, Global, Samsung Electronics, Apple, Tokyo, Korea's Ministry, Justice, Elliott Investment, Thomson Locations: HONG KONG, U.S, Hague, Seoul, Korea, China, Beijing, Washington, Taiwan, Japan, South Korea, United States
Troops are abandoning US tactics because they've proved ineffective, The NYT reported. But the counteroffensive is making slow progress, with troops encountering heavily defended Russian positions, protected by minefields, helicopter gunships, and artillery fire. Analysts told the Times that Western allies of Ukraine had pushed for the Ukrainian military to adopt more aggressive offensive tactics. Western allies believe that a protracted conflict would further deplete Ukrainian ammunition supplies and play into Russian hands, the report said. Analysts believe Russia wants a protracted conflict that will enable it to wear down Ukrainian resistance and international support for Ukraine.
Persons: Michael Kofman Organizations: Russia, Troops, Service, The New York Times, Times, Carnegie Endowment, International Peace Locations: Ukraine, Russia, Wall, Silicon
Ukraine’s decision to change tactics is a clear signal that NATO’s hopes for large advances made by Ukrainian formations armed with new weapons, new training and an injection of artillery ammunition have failed to materialize, at least for now. It raises questions about the quality of the training the Ukrainians received from the West and about whether tens of billions of dollars’ worth of weapons, including nearly $44 billion worth from the Biden administration, have been successful in transforming the Ukrainian military into a NATO-standard fighting force. “The counteroffensive itself hasn’t failed; it will drag on for several months into the fall,” said Michael Kofman, a senior fellow at the Carnegie Endowment for International Peace who recently visited the front lines. “Arguably, the problem was in the assumption that with a few months of training, Ukrainian units could be converted into fighting more the way American forces might fight, leading the assault against a well-prepared Russian defense, rather than helping Ukrainians fight more the best way they know how.”President Vladimir V. Putin of Russia has increasingly signaled that his strategy is to wait out Ukraine and its allies and win the war by exhausting them. American officials are worried that Ukraine’s return to its old tactics risks that it will race through precious ammunition supplies, which could play into Mr. Putin’s hands and disadvantage Ukraine in a war of attrition.
Persons: Biden, , Michael Kofman, Vladimir V, Putin, Putin’s Organizations: NATO, Carnegie Endowment, International Peace Locations: Russia, Ukraine
E-commerce app Temu is taking on the larger Shein by selling cheap Chinese-made goods to Western consumers. The company owned by $119 billion PDD (PDD.O) is more like an online dollar store. Moreover, Temu offers generous discounts and free or subsidised shipping to users. Parent company PDD, whose Pinduoduo e-commerce unit competes with Alibaba (9988.HK) and JD.com (9618.HK) in China, discloses little about its overseas business. Temu offers everything from home appliances to electronics to toys, making it more of a direct competitor to Amazon.
Persons: Shein, Breakingviews, Temu, PDD, Bernstein, Peter Thal Larsen, Aditya Munjuluru, Thomas Shum Organizations: Reuters, United States, Wall Street, Temu, Bloomberg, HK, PDD, Thomson, & $ Locations: HONG KONG, Western, China, U.S, United States, Shein
The Storm Shadow cruise missile is the latest highly touted weapon employed by Ukraine. Some observers believe Storm Shadow will be crucial to Ukraine's counteroffensive. The missile's 155-mile range allows Ukrainian jets to launch it while staying out of range of Russian air defenses. A British Royal Air Force Tornado GR4 loaded with four Storm Shadow missiles during a test over the Atlantic Ocean. Storm Shadow missiles, while effective, have a "very similar capability with a very similar payload used very much against the targets that ATACMS would have been used against," Kofman said on the podcast.
Persons: Storm Shadow, Michael Kofman, Cpl Mark Parkinson, HIMARS, we've, Kofman, Serhii, You'd, Biden, ATACMS, Michael Peck Organizations: Service, Carnegie Endowment, International, Royal Air Force Tornado, Storm, UK Ministry of Defence, Getty, MGM, Tactical Missile, Defense, Foreign Policy, Twitter, LinkedIn Locations: Ukraine, Wall, Silicon, Russia, France, Russian, Crimea, Kyiv, Kherson, Forbes
Vladimir Putin said in 2017 that whoever becomes the leader in artificial intelligence "will be the ruler of the world." The department examined AI technology in defense through two pathways: The first was "autonomy at rest," which describes decision-making support software. Critically, artificial intelligence in defense will help automate more dangerous tasks while also reducing the risk of human casualties. "As of now, there is not the development of artificial intelligence technology in regards to making life-or-death choices. Boeing announced earlier in 2023 that it would partner with defense technology company Shield AI to expand AI pilot offerings for its military clients.
Persons: Vladimir Putin, Bob Work, Jonathan Sakraida, Lockheed Martin, Sakraida, Northrop, Booz Allen Hamilton Organizations: Pentagon, Deutsche Bank, Department of Defense, Center, New, New American Security, U.S, Defense, CFRA Research, U.S . Army, Lockheed, Dynamics, Department of, Carnegie Endowment, International, IBM, Palantir Technologies, Cisco, BAE Systems, Research Projects Agency, Northrop Grumman, Booz, Boeing, Air Force Locations: New American, There's, China, U.S, United Kingdom
“In the age of AI, where data is the new oil, China is the new Saudi Arabia”, venture capitalist Lee Kai-fu declared in 2018. Washington may soon tighten export restrictions to China by targeting AI semiconductors, according to the Wall Street Journal. A slowing economy and brutal price war in the fiercely competitive cloud market will only make monetising AI products harder. China’s AI moment has arrived, only with far less promise than initially hoped. China wants to become a world leader in AI by 2030, according to a 2017 roadmap released by the State Council.
Persons: Lee Kai, OpenAI's, Xi Jinping, Goldman Sachs, Robin Li, Baidu’s, Bernstein, SenseTime, Xi, Una Galani, Thomas Shum Organizations: Reuters, Saudi Arabia ”, OpenAI's ChatGPT, European Union, Baidu, HK, Nasdaq, Washington, Wall Street, Nvidia, AMD, Microsoft, CloudWalk Technology, Cyberspace Administration, China, State, Thomson Locations: HONG KONG, China, Republic, Saudi Arabia, United States, Beijing, York, Shanghai
The widely anticipated parade in the capital on Thursday night commemorated the 70th anniversary of the end of the Korean War, celebrated in North Korea as "Victory Day". Kim, Shoigu and Chinese Communist Party Politburo member Li Hongzhong talked, laughed and saluted as North Korean troops marched and weapons rolled below, photos released by North Korean state media showed. Kim hosted a reception and had a luncheon with Shoigu, where the North Korean leader vowed solidarity with the Russian people and its military. Shoigu praised the North Korean military as the strongest in the world, and the two discussed strategic security and defence cooperation, KCNA said. North Korea has been under U.N. sanctions for its missile and nuclear programs since 2006.
Persons: Kim Jong Un, Sergei Shoigu's, Kim, Li Hongzhong, Shoigu, KCNA, Vladimir Putin, Vedant Patel, Ankit, Panda, Kang Sun Nam, Leif, Eric Easley, Easley, U.N, Stephane Dujarric, Hyunsu Yim, Josh Smith, Ed Davies, Lincoln, William Mallard Organizations: North, Korean Central News Agency, KCNA, REUTERS, Russian, United Nations Security Council, Communist Party, State Department, Carnegie Endowment, International, Defence, Ewha Womans University, . Security, Security Council, Thomson Locations: Pyongyang, North Korea, REUTERS SEOUL, North Korean, Soviet Union, Beijing, Moscow, Korean, United States, PYONGYANG, MOSCOW, Shoigu, Russian, Ukraine, Washington, Russia, U.S, Korea, China, Seoul
North Korean leader Kim Jong Un meets with Russian Defense Minister Sergei Shoigu and his delegation, North Korean state media KCNA reported on July 26, 2023. Meanwhile, Moscow over the decades has been a staunch ally for North Korea, especially as the two share a joint animosity toward the West. US officials said last year that North Korea was selling millions of rockets and artillery shells to Russia for use on the battlefield in Ukraine. North Korea typically marks key moments in its history with displays of its newest weaponry. One such weapon that may be on display is the Hwasong-18 ICBM, a solid-fueled, nuclear-capable missile that North Korea claims could hit anywhere in the United States.
Persons: Kim Jong Un, Sergei Shoigu –, Kang Sun Nam, Shoigu, Li Hongzhong, Kim Song Nam, North Korea “, ” Ankit Panda, Stanton, ” Panda, Blake Herzinger, “ It’s, ” Herzinger, Sergei Shoigu, Pyongyang’s, Camp Humphreys, Xi Jinping, Panda, Vladimir Putin, Xi, Putin, Wagner Organizations: South Korea CNN —, Russian, North Korean Defense, Korean Central News Agency, Korean People’s Army, North Korean, Nuclear, Carnegie Endowment, International Peace, United States Studies Center, Russian Defense, United Nations Command, Beijing, Aid, UN Command, Army, US, Chinese Communist Party, UN Security Council, Foreign Ministry, US Navy Locations: Seoul, South Korea, Russia, China, North, Pyongyang, Ukraine, North Korea, Moscow, Australia, North Korean, United States, Aid Korea, Soviet Union, Pyeongtaek, Beijing, Soviet, Russian, Iran, Korea, Moscow’s, Japan
Risk factors usually flag uncertainties in how Chinese laws are interpreted and enforced as well as the government's "substantial oversight and influence" over businesses. Chinese regulators want those boilerplate disclosures dropped; if not, offshore listing applications could be denied approval. Trying to appease both American and Chinese regulators will get tougher. On Friday, Chinese regulators held a rare meeting with KKR (KKR.N), Blackstone (BX.N), Carlyle (CG.O) and others to ensure they can continue to invest in the country. China's new offshore listing rules came into effect on March 31.
Persons: Didi Global, underwriters Goldman Sachs, Morgan Stanley, JPMorgan Chase, Carlyle, Una Galani, Thomas Shum Organizations: Reuters, Global, U.S . Securities, Exchange Commission, underwriters, JPMorgan, KKR, Blackstone, Bloomberg, Communist Party, China Securities Regulatory Commission, SEC, Thomson Locations: HONG KONG, Beijing, Hong Kong, United States, New York, China
[1/2] U.S. President Joe Biden speaks during a meeting with Israeli President Isaac Herzog in the Oval Office at the White House in Washington, U.S., July 18, 2023. Despite Washington’s longtime status as Israel’s top ally and biggest weapons supplier, Biden appears to have few good options. The White House, in a terse statement, called the Knesset vote "unfortunate" and urged work toward a broad consensus. But U.S. officials have yet to set a date or concur with Israeli statements that they would meet at the White House in September. One White House official said Biden, having known Netanyahu for decades, can be especially blunt with him in private.
Persons: Joe Biden, Isaac Herzog, Evelyn Hockstein, Benjamin Netanyahu, Biden, Netanyahu, It's, Aaron David Miller, Mike Pence, Hugh Hewitt, Israel's, David Makovsky, Obama, Donald Trump, Herzog, Netanyahu’s, Tom Nides, Barack Obama, Miller, Matt Spetalnick, Steve Holland, Simon Lewis, Don Durfee, Grant McCool Organizations: White, REUTERS, WASHINGTON, Israeli, Court, Israel, Democratic, Republican, Biden's Democratic Party, Washington Institute, West Bank, White House, U.S, Carnegie Endowment, International Peace, Thomson Locations: Washington , U.S, U.S, Israel, derailing, Iran, Saudi Arabia, Washington
A space race on the Korean Peninsula
  + stars: | 2023-07-21 | by ( ) www.reuters.com   time to read: +13 min
It was not until 2013 that it became the first South Korean rocket to place a satellite in orbit. SPACE CENTRES Russia also helped South Korea build its Naro Space Center while training and launching the first South Korean astronaut on a mission to the International Space Station. In his first summit with former U.S. President Donald Trump in 2018, North Korean leader Kim Jong Un promised to dismantle Sohae, but as talks stalled, North Korea expanded the site. North Korea faces the same challenges, and must avoid flying over South Korea. “The road from South Korea to space has opened now,” President Yoon Suk Yeol said after the 2022 Nuri launch.
Persons: Kim Jong, Moon Jae, Nuri, Jonathan McDowell, Markus Schiller, Schiller, , , ” Schiller, Robert Schmucker, Pyongyang’s, McDowell, KARI, Donald Trump, Kim Jong Un, Dave Schmerler, James Martin, “ Sohae, ” McDowell, Korea’s Nuri, Yoon Suk Yeol Organizations: North, South Korean, U.S, Harvard – Smithsonian Center for Astrophysics, REUTERS, Elon, SpaceX, South, Soviet, Federation of American Scientists, Carnegie Endowment, International Peace, Space Center, International Space, Korea Aerospace Research, James, James Martin Center, Nonproliferation Studies, International Maritime Organization Locations: Seoul, Pyongyang, South Korea, North Korea, Korean, Japan, China, Korea, Washington, United States, Russia, Naro, Europe, U.S, Britain, Switzerland, Soviet Union, Soviet, Cholsan County, South Korean, South, Tonghae, North Korea’s, Sohae, Indonesia, Philippines, Okinawa
[1/2] U.S. and North Korean national flags are seen at the Capella Hotel on Sentosa island in Singapore June 12, 2018. The comments raise the stakes as each side steps up displays of military force in a standoff over the isolated country's nuclear weapons and ballistic missile programmes. The KCNA report came after a U.S. soldier crossed the border into North Korea on Tuesday at a time of heightened tension between the two Koreas and the United States. North Korea has yet to comment on the incident involving the U.S. soldier. Last year, the reclusive state codified a new, expansive nuclear law declaring its status as a nuclear-armed state "irreversible".
Persons: Jonathan Ernst, Kang Sun Nam, Ankit, Panda, Hyunsu Yim, Josh Smith, Bernadette Baum, Mike Harrison, Tom Hogue Organizations: North Korean, Capella, REUTERS, U.S, Nuclear Consultative, DPRK, Democratic People's, South Korea's Ministry of National Defense, USS, Korean, U.S ., Carnegie Endowment, International, South, Thomson Locations: Sentosa, Singapore, SEOUL, North Korea, South Korea, United States, Democratic People's Republic of Korea, Ohio, Busan, USS Kentucky, Korea, U.S, Washington
Putin ordered Danone and Carlsberg seized after Kremlin-friendly businessmen expressed interest, per the FT.A Chechen leader and a businessman close to Putin have taken over the companies' assets in Russia. Russia seizing the local operations of Danone and Carlsberg was not the first time the country took control of Western firms. Managers from Rosneft, a state energy company headed by Putin ally Igor Sechin, took over both energy companies. Independent Russian newspaper Novaya Gazeta reported on Thursday, Russian businessmen bought the assets of 110 Western companies "that have fully or partially left Russia" at bargain-bin prices. Danone said in a Sunday statement it was "preparing to take all necessary measures to protect its rights as shareholder."
Persons: Putin, Vladimir Putin, Moscow, Yakub Zakriev, Ramzan Kadyrov —, Taimuraz, Igor Sechin, Ekaterina Kurbangaleeva, Kurbangaleeva, Hassan Malik, Loomis Sayles, Danone, Carlsberg Organizations: Danone, Carlsberg, Kremlin, Observers, Service, Financial Times, Vedomosti, Rosneft, Analysts, Russia's, Independent Russian, Novaya Gazeta, Carnegie Endowment, International, Boston Locations: Russia, Wall, Silicon, Russian, Moscow, Ukraine
It is an unexpected truce between Sony, which makes Playstation consoles, and its far larger U.S. rival. Details have yet to be disclosed, and it's not clear why Sony, which Microsoft earlier offered a 10-year contract, has had a change of heart. Sony's video-game division reported digital software and content sales of $11 billion in the fiscal year to March. Yoshida has been selectively snapping up smaller gaming studios to beef up Playstation content, including splashing out $3.6 billion for developer Bungie. Details were not disclosed, but a Microsoft spokesperson clarified with various media that the deal is for 10 years.
Persons: it's, Boss Kenchiro Yoshida, Yoshida, Phil Spencer, Una Galani, Thomas Shum Organizations: Reuters, Activision Blizzard, Sony, Activision, Microsoft, Nintendo, Nvidia, U.S, UK Competition, Markets Authority, Bungie, Nikkei, Federal Trade, Thomson Locations: HONG KONG, U.S
Leadership Troubles Roil Russian Military
  + stars: | 2023-07-13 | by ( Gabriela Sá Pessoa | ) www.nytimes.com   time to read: +5 min
“We have put to rest any doubts and ambiguities about whether Ukraine will be in NATO,” he said. “It will!”The Ukrainian military’s Strategic Communications Department also posted a lengthy Twitter thread listing positive outcomes from the summit. In return, requests that were initially rebuffed — including Western battle tanks, missile systems, even training for F-16 fighter jets — have over time been met. The campaign is in its second month, and Mr. Zelensky has acknowledged that it is moving more slowly than some allies had hoped. But he warned that Ukraine may not hold a significant advantage in that type of strategy against the more numerous Russian forces.
Persons: Volodymyr Zelensky, Zelensky, ” Mr, , , ” Michael Kofman, Kofman, Biden, Matthew Mpoke Bigg Organizations: NATO, Strategic Communications Department, Eurasia Program, Carnegie Endowment, International, Tactical Missile Systems Locations: Ukraine, Russian, United States, Russia, Lithuania, France, Germany, Ukrainian, Donetsk, Bakhmut, Melitopol, Britain, Kyiv
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