DIRS.INFO The most relevant business & tech news

WASHINGTON (AP) — The collapse of Ukraine aid in Congress was months in the making, and exactly what Senate Republican leader Mitch McConnell had feared. "But I know there are a majority of members in the House and Senate — both parties — who have said that they support funding Ukraine." McConnell, R-Ky., had been trying to build support Ukraine for months, ever since he met with President Volodymyr Zelenskyy in Kyiv in May. But the GOP senators left McConnell with the understanding the support for Ukraine funding overall would be lacking. Biden's speech about Ukraine aid is coming.

Persons: Mitch McConnell, McConnell, Vladimir Putin's, Donald Trump, Joe Biden, —, Biden, Kevin McCarthy, Washington regroups, “, ”, Marjorie Taylor Greene, Greene, Volodymyr Zelenskyy, Zelenskyy, Biden's, Jake Sullivan, McCarthy, Republicans —, South Dakota Sen, John Thune, Thune, John Barrasso of, Mary Clare Jalonick Organizations: WASHINGTON, Ukraine, Russia, White, Republican, Senate, White House, Trump, U.S, Capitol, GOP, Democratic, Republicans, Associated Press Locations: Ukraine, Kyiv, U.S, Washington, Mexico, Ky, South Dakota, John Barrasso of Wyoming

☆ Rep. Lauren Boebert is signaling that the fight over the speakership could get bogged down over Ukraine
▼ + stars: | 2023-10-06 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Republican Rep. Lauren Boebert made it clear Ukraine aid will hang over the House speaker race. "For the first time, we saw that Ukraine funding alone does not have a majority of the majority's support," Boebert told Steve Bannon on Friday on his "War Room" show. Boebert was pointing to a vote last week where $300 million to fund Ukraine passed thanks to House Democrats' massive support. The two current leading candidates for House speaker appear to be split on the subject. "We are not going to allow them to leverage our Southern border in Appropriations bills with more funding for Ukraine," Boebert said.

Persons: Lauren Boebert, it's, —, Boebert, Steve Bannon, Mitch McConnell, Steve Scalise, Jim Jordan, Jordan Organizations: Service, Ukraine, Republicans, Democrats, Pentagon, Senate Republicans, House, Kiel Institute Locations: Ukraine, Colorado, United States, German, Southern

☆ As China churns out warships, the US Navy is looking for drones and AI to help it pick up the pace at its struggling shipyards
▼ + stars: | 2023-10-05 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

Meanwhile, China's navy is growing thanks to shipyards that churn out naval and commercial ships. The US Navy is now looking for new tools to improve maintenance and reduce delays at its shipyards. AdvertisementAdvertisementWith maintenance backlogs hampering fleet readiness, the US Navy is hoping that autonomous systems and artificial intelligence can fix its overburdened shipyards. The solicitation cited penetrant testing, ultrasonic testing, and magnetic testing as possible solutions. AdvertisementAdvertisementAt the same time, "the Federal Government sees the development of these capabilities as benefiting industrial maintenance activities in partnership with the Navy at commercial shipyards.

Persons: —, PO1 Emmitt, MCS3 Brandon Roberson, Michael Peck Organizations: US Navy, Service, Technologies, DON, Department of, Navy, sustainment, Corpus Christi, Navy Shipyards, Norfolk Naval Shipyard, PO1 Emmitt Hawks, Federal Government, Labor, Office, Defense, Foreign Policy, Twitter, LinkedIn Locations: Corpus, Pearl, Norfolk, Boise, China, Forbes

☆ Opinion: The strange story of how I became a character in a North Korean novel
▼ + stars: | 2023-10-05 | by ( Opinion Mike Chinoy | ) edition.cnn.com time to read: +13 min

She is preparing to make a reporting trip to North Korea in 2009 and is wrestling with conflicting emotions. In fact, this character named “Michael Chinoy” is me — making me one of a very small number of real-life Americans who appear with a speaking part in any North Korean novels. I also met the late North Korean leader Kim Il Sung, grandfather of current dictator Kim Jong Un, three times. Former CNN International Editor Eason Jordan stands behind North Korean leader Kim Il Sung and US President Jimmy Carter in Pyongyang in 1994. Although published more than a quarter century ago, “Eternal Life” only became available on North Korea websites in the past decade.

Persons: Mike Chinoy, Kim Ryong Yon, Byun Sa, hwang, Mike Chinoy Mike Chinoy, “ Michael Chinoy ”, Meredith Shaw, Shaw, “, “ Michael Chinoy, “ Michael, Kim Il Sung, Kim Jong Un, Kim Jong Il, Mitch Farkas, Billy Graham, Ruth, Graham, Eason Jordan, Sun Myung, Moon, Kim Il, Kim, ”, Eason, Jimmy Carter, Jordan, Jimmy Carter’s, Carter, Clinton, Song Sang Won, Baek Bo Heum, Ah, “ I’ve, “ Mr, ” Jordan, “ Thunderclap, Paek Bo Hum, Sang, Will Ripley, Byun, hyang, Michael Chinoy, — it’s Organizations: University of Southern, China Institute, CNN, American Journalists, North Korean Writers ’ Union, Korean American CNN, University of Tokyo Institute of Social Science, DPRK, North, Leader, CNN International, Unification, North Koreans, Former CNN International Locations: University of Southern California’s US, Beijing, Asia, China, People’s Republic, Korean American, North Korea, Korea, American, North, Korean, “, insignificance, Russia, Pyongyang, North Koreans, Let’s, gaslighting

☆ Sam Bankman-Fried case: The FTX criminal fraud trial begins today. Here's everything you need to know.
▼ + stars: | 2023-10-03 | by ( Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +13 min

Sam Bankman-Fried's criminal fraud trial begins in federal court today. According to prosecutors, Bankman-Fried commingled funds between FTX, where he was CEO, and Alameda Research, a hedge fund he also controlled. In the months since, prosecutors have brought several superseding indictments, slapping on more criminal charges. AP Photo/Mary AltafferIn addition to the criminal case against Bankman-Fried, the fallout of FTX's collapse has created a fountain of complicated lawsuits and legal maneuvers. The Securities and Exchange Commission has a civil case against Bankman-Fried alleging he "orchestrated a massive, years-long fraud."

Persons: Sam Bankman, SBF, —, FTX, Fried, Tom Brady, Gisele Bündchen, Stephen Curry, Naomi Osaka, Larry David, Kevin O'Leary, Caroline Ellison, He's, Michael Lewis, guarantors, Lewis Kaplan, Jane Rosenberg, Kaplan, Bankman, Ellison, messaged, Eduardo Munoz, Mark S, Cohen, Christian Everdell, Ghislaine Maxwell, Maxwell, They're, Danielle Sassoon, Nicholas Roos, who's, Joe Lewis, Jean Carroll, Donald Trump, Trump, Bill Clinton, Gambino, Prince Andrew, Mary Altaffer, SBF's, Joseph Bankman, Barbara Fried, Gary Wang —, Nishad Singh, Ryan Salame, Cohen wearily, there's Organizations: Prosecutors, Service, Alameda Research, Miami Heat's, The New York Times, Metropolitan Detention, US, Office, Southern, Bankman, Manhattan Federal Court, REUTERS, Washington , D.C, Supreme, AP, Securities, Exchange Commission, Stanford University Locations: FTX, Manhattan, America, Palo Alto , California, New York, Bahamas, Washington ,, Joaquín, Bankman, Guantanamo, Alameda

☆ Sam Bankman-Fried case: The FTX criminal fraud trial begins this week. Here's everything you need to know.
▼ + stars: | 2023-10-02 | by ( Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +13 min

Sam Bankman-Fried's criminal fraud trial begins in federal court on Tuesday. According to prosecutors, Bankman-Fried commingled funds between FTX, where he was CEO, and Alameda Research, a hedge fund he also controlled. In the months since, prosecutors have brought several superseding indictments, slapping on more criminal charges. AP Photo/Mary AltafferIn addition to the criminal case against Bankman-Fried, the fallout of FTX's collapse has created a fountain of complicated lawsuits and legal maneuvers. The Securities and Exchange Commission has a civil case against Bankman-Fried alleging he "orchestrated a massive, years-long fraud."

☆ Ankara blast echoes past attacks in Turkey
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +4 min

[1/2] Members of Turkish Police Special Forces secure the area near the Interior Ministry following a bomb attack in Ankara, Turkey October 1, 2023. Turkey blamed Kurdish militants for the Istanbul blast, which reminded Turks of a wave of attacks carried out by various militant groups in Turkish cities between mid-2015 and early 2017. June 28, 2016 - A triple suicide bombing and a gun attack killed 45 people and wounded more than 160 people at Istanbul's main airport. March 19, 2016 - A suicide bomber killed four people in a busy shopping district of Istiklal Street in the heart of Istanbul. Sept 8, 2015 - Kurdish militants killed 15 police officers in two bombings in eastern Turkish provinces of Mardin and Igdir.

Persons: Cagla, Tayyip Erdogan, Azra Ceylan, Canan, Gareth Jones, William Maclean Organizations: Turkish Police Special Forces, Ministry, REUTERS, Authorities, Kurdistan Workers Party, Islamic State, Kurdistan Freedom Hawks, Islamic, Explosives, Thomson Locations: Ankara, Turkey, Istanbul, Turkish, Izmir, Kayseri, Turkey's, Gaziantep, Islamic State, Istanbul's, Diyarbakir, Istiklal, Iranian, Mardin, Igdir, Suruc, Syrian, Gdansk

☆ Fed doves, Fed hawks: US central bankers in their own words
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +2 min

The following chart offers a stab at how officials stack up on their outlook for Fed policy and how to balance their goals of stable prices and full employment. Note: Fed policymakers began raising interest rates in March 2022 to bring down high inflation. Their most recent policy rate hike, to a range of 5.25%-5.5%, was in July. Neither Jeff Schmid, Kansas City Fed's president since August and a voter in 2025, nor Adriana Kugler, a permanent voter who was confirmed to the Fed Board in September, have yet made any substantive policy remarks. The St. Louis Fed has begun a search to succeed president, James Bullard, who took a job in academia; the new chief will be a 2025 voter.

Persons: Jeff Schmid, Adriana Kugler, Louis Fed, James Bullard, Ann Saphir, Andrea Ricci Organizations: Federal, Federal Open Market, New York Fed, Jeff Schmid , Kansas City Fed's, Fed, Thomson Locations: Jeff Schmid , Kansas, St

☆ Australia to retire Taipan helicopter fleet early after crash
▼ + stars: | 2023-09-29 | by ( Renju Jose | ) www.reuters.com time to read: +3 min

The Taipan fleet will not return to flying operations before the previously planned withdrawal date of December 2024, Defence Minister Richard Marles said. Australia in January said it would buy 40 Black Hawk military helicopters, manufactured by Lockheed Martin (LMT.N), for an estimated A$2.8 billion ($1.80 billion). The Black Hawks are set to replace the Australian army's fleet of Taipan helicopters, which have been plagued for years by maintenance issues. "The first of the 40 Black Hawks that will replace the (Taipan) MRH-90 have arrived and are already flying in Australia. Marles acknowledged there would be "capability challenges" without an operational Taipan fleet and as defence waits for the delivery of more Black Hawks.

Persons: Dinuka, Richard Marles, Lockheed Martin, Marles, Italy's Leonardo, Leonardo, Renju Jose, Jamie Freed Organizations: Australian Navy, Australian Landing Helicopter, REUTERS, Rights, United States, Black Hawk, Lockheed, Black Hawks, Australian, Airbus, ABC, Thomson Locations: Canberra, Colombo, Sri Lanka, Australia, France, Norway, Queensland, United States, Sydney

☆ Russia blamed Western intel and spy planes for Ukraine's devastating attack on its Black Sea Fleet HQ
▼ + stars: | 2023-09-28 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Russia has accused the West of providing intel that enabled a strike on its Black Sea HQ. AdvertisementAdvertisementRussia accused Ukraine's allies the US and UK of providing the intelligence that enabled last week's strike on its Black Sea fleet's headquarters. In a press briefing Wednesday, Foreign Ministry Spokeswoman Maria Zakharova said that the attack was planned using surveillance data from Western intelligence. NATO countries fly surveillance planes over the international waters of the Black Sea, sometimes resulting in confrontation. Ukraine also said that among the 34 dead was the admiral of the Black Sea Fleet, Viktor Sokolov.

Persons: —, Ukraine's, Maria Zakharova, Zakharova, Per, hadn't, Viktor Sokolov, Vladimir Putin, Dmitry Medvedev, ", Medvedev Organizations: intel, Service, US, Foreign, NATO, AFP, Russia, Washington, Kremlin, Black, ., Security, Abrams, West, Telegram, Newsweek Locations: Russia, Ukraine, Sevastopol, British, Crimea, . Russian

The Treasury Department subsequently kicked off a rule-making process to implement the order, and financial firms have been rushing to meet a Sept. 28 to provide input. "It could apply to companies that are outside of China but are subsidiaries of Chinese companies or controlled by a Chinese person." While the U.S. already has restrictions on some Chinese investments in the U.S. and U.S. investments in China, the order creates a new program. The program proposes exempting publicly traded securities and index and mutual funds, but financial firms want those securities to be more tightly defined. Financial firms say they support the administration's national security goals but worry about increased liability and the economic costs of restricting capital flows.

Persons: Florence Lo, Joe Biden, Timothy Keeler, Mayer Brown, Jen Fernandez, Sidley Austin, Jay Clayton, Sullivan, Cromwell, Keeler, Peter Matheson, Fernandez, Pete Schroeder, Carol Mandl, Michelle Price, Deepa Babington Organizations: REUTERS, WASHINGTON, Treasury Department, Foreign Investment, Treasury, Former Securities and Exchange, DE, Financial, U.S, Securities Industry, Financial Markets Association, Thomson Locations: China, U.S, United States

NEW YORK (AP) — Magic Johnson's love for his Los Angeles Lakers has kept him from considering ownership of any other NBA team. The New York Knicks would be the one franchise that could make him have second thoughts. But the basketball Hall of Famer repeatedly has passed on opportunities for ownership in the sport he knows best. “I love being with fans who are so passionate about their team and the Knick fans are, and they’re smart. They’re smart basketball fans and so that one I would have to think about.

Persons: ” Johnson, “, Johnson, James Dolan, ”, LeBron James, David Stern, “ I’ve, GlaxoSmithKline's, “ I'm Organizations: Los Angeles Lakers, NBA, The New York Knicks, New York Knicks, NFL, Buffalo Bills, Dodgers, of Famer, Golden State Warriors, Detroit Pistons, Atlanta Hawks, Lakers, Knicks, Associated Press, Garden, AIDS Locations: New York, Washington, Los Angeles, Madison

☆ It's not just you. LinkedIn has gotten really weird.
▼ + stars: | 2023-09-25 | by ( Rob Price | ) www.businessinsider.com time to read: +19 min

The number of LinkedIn posts grew 41% from 2021 to 2023. A larger rival account emerged, State Of LinkedIn, and a Reddit community thrived — "LinkedIn Lunatics." "Do you realize how dangerous it is to troll via LinkedIn posts? For most people, their LinkedIn posts don't escalate so rapidly. According to Joseph Yeh, a tech recruiter in California who used to work for LinkedIn, revelatory posting is a balancing act.

Persons: Matthew Sciannella, I'm, Sciannella, he'd, Peter Rota, Rota, Xavier Lalanne, There's, Oversharing, Gen, Catalina Valentino, Elon, Sarah Frier, John Hickey, Ted Talkification, you'd, Hickey, Peter Rota's, Hickey wasn't, ominously, Jack Raines, sagely, Alexander Cohen, Cohen's, Raines, Cohen, Jacqueline Rainey —, he's, Young, —, , John Reid, Jon Franko, Franko, Instagram, @BestofLinkedIn, Reid, hypocritically, Joseph Yeh, Yeh, Daniel Roth, Fortune, Roth, Sciannella's, didn't, Slack, Franko's, Jameson, who's, He's, Rob Price Organizations: LinkedIn, Facebook, Microsoft, peeing, Economic, Twitter, Bloomberg, Columbia Business School, New York, New York Mets Locations: Washington, DC, Massachusetts, Davos, San Francisco, San Francisco Bay, New York City, Columbia, Manhattan, Bay, Oakland, California

In the past few months alone, researchers have linked Neanderthal DNA to a serious hand disease, the shape of people's noses and various other human traits. Research shows some African populations have almost no Neanderthal DNA, while those from European or Asian backgrounds have 1% to 2%. For example, Neanderthal DNA has been linked to auto-immune diseases like Graves’ disease and rheumatoid arthritis. The list goes on: Research has linked Neanderthal genetic variants to skin and hair color, behavioral traits, skull shape and Type 2 diabetes. Researchers found the skulls of domesticated dogs in Homo sapiens sites much further back in time than anyone had found before.

Persons: We’re, ”, Mary Prendergast, Hugo Zeberg, Svante Paabo, Zeberg, It's, Graves, Homo sapiens, Chris Stringer, “, Rick Potts, Paabo, ” Zeberg, Raghavan, Potts, Denisovans, sapiens, Eleanor Scerri, Prendergast, Janet Young, Pat Shipman, John Hawks Organizations: Rice University, Karolinska, Research, Smithsonian Institution, University of Chicago, Germany’s Max Planck Institute, Geoanthropology, Canadian Museum, University of Wisconsin -, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: Sweden, Melanesia, New Guinea, Fiji, Africa, Europe, Asia, London, Eurasia, Germany’s, University of Wisconsin - Madison

☆ GOP shutdown politics rock Washington as Trump and Biden head for a swing-state showdown
▼ + stars: | 2023-09-25 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

CNN —President Joe Biden and his Oval Office predecessor, Donald Trump, are about to wage the most direct showdown yet of their possible rematch as far-right House Republicans drive the nation to the brink of a government shutdown. Trump, seeking to sow dysfunction on Biden’s watch and advance his political goals as the GOP front-runner for 2024, is goading his loyalists to shut Washington down. Michigan – which Trump won in 2016 but Biden pulled back into the Democratic column in 2020 – will again be a vital general election state. With the political heat over a potential shutdown rising, Transportation Secretary Pete Buttigieg toured Sunday political talk shows to pressure Republicans. He wrote on his Truth Social network that the shutdown was the “last chance to defund these political prosecutions against me and other Patriots.

Persons: Joe Biden, Donald Trump, Kevin McCarthy, Trump, Biden, ”, –, Nikki Haley, Ron DeSantis, Ronald Reagan, Hunter Biden’s, New Jersey Sen, Robert Menendez, illegalities, Trump’s, McCarthy, Tim Burchett, Dana Bash, ” McCarthy, he’d, midterms, Pete Buttigieg, “, ” Buttigieg Organizations: CNN, Office, House Republicans, Democratic, White, GOP, United Auto Workers, Trump, Biden, Republican, Former South Carolina Gov, Florida Gov, Ronald Reagan Presidential, New, Senate Foreign Relations, Trump Republicans, California Republican, Russia, Tennessee, Union, Transportation, Patriots, Republicans Locations: Washington, Michigan, Wolverine, Wisconsin, Florida, California, New Jersey, “ State

MIAMI (AP) — When Félix Llerena arrived in Miami in 2017, he quickly got involved in the city’s politically active community of Cuban exiles. He's more skeptical of the former Republican president. Both sides will have to respond to a Trump criminal trial next year in South Florida on charges that he mishandled classified information. The GOP has been winning in Florida since 2016, when Trump flipped a state that twice went for Democrat Barack Obama. “What the Democrats have lost are the younger Cuban American voters,” said Dario Moreno, a political science professor at Florida International University.

Persons: Félix Llerena, Donald Trump, He's, Joe Biden's, that's, ”, Ron DeSantis, Trump, Democrat Barack Obama, DeSantis, Dario Moreno, Univision's Jorge Ramos, “, Fidel Castro, Castro, Llerena, Fidel, Television Marti, Barack Obama, Obama, ” Llerena, Biden, Nikki Haley, Mike Pence Organizations: MIAMI, Cuban, Republican, Democratic, Cuban American voters, Republican Party, Miami, Democrats, Trump, Florida Gov, GOP, Democrat, Florida Democratic Party, Dade, Cuban American, Florida International University, Llerena, Television, U.S . Commission, Versailles, U.S, Ukraine, Biden, Republicans Locations: Miami, Cuban, Cuban American, United States, South Florida, Dade County, Florida, Washington, Cuba, U.S, “, Havana, Mexico, Haiti, Nicaragua, Texas

☆ S&P 500, Nasdaq notch biggest weekly losses since March
▼ + stars: | 2023-09-22 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. All three posted weekly losses, with the S&P 500 and the Nasdaq registering their largest Friday-to-Friday percentage drops since March. On Thursday, the S&P 500 dipped below its 100-day moving average - a key support level - for the first time since March, Its failure to break above that level suggests the index is still under downward pressure. Among the 11 major sectors of the S&P 500, consumer discretionary (.SPLRCD) suffered the steepest percentage loss, while tech (.SPLRCT) and energy (.SPNY) were the only gainers. The S&P 500 posted one new 52-week high and 35 new lows; the Nasdaq Composite recorded 33 new highs and 321 new lows.

Persons: Brendan McDermid, Alibaba, Zachary Hill, Hill, Jerome Powell, Michelle Bowman, Robert Pavlik, Li Auto, Stephen Culp, Ankika Biswas, Shristi, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Reuters, UAW, Dow, Nasdaq, Horizon Investments, Benchmark U.S, Treasury, Dakota Wealth, Dow Jones, Ford Motor, United Auto Workers, Activision, Microsoft, PDD Holdings, Baidu, Bloomberg, Hong, NYSE, Thomson Locations: New York City, U.S, Hong Kong, Charlotte , North Carolina, Fairfield , Connecticut, Bengaluru

[1/2] Vehicles of Russian peacekeepers leaving Azerbaijan's Nagorno-Karabakh region for Armenia pass an Armenian checkpoint on a road near the village of Kornidzor, Armenia September 22, 2023. Images of fleeing Armenians at Russia's own peacekeeping base at an airport in Nagorno-Karabakh have been harder for them to watch. But its handling of the Karabakh crisis has forced it into a blame game with Armenia and obliged it to defend its foreign policy in the region. It now accuses him of triggering the crisis by saying - after Russian peacekeepers were deployed to Karabakh in 2020 following Armenia's defeat in a 44-day war - that he recognised Azerbaijan's territorial integrity. Baku has long argued that Karabakh falls within its own borders, but Karabakh Armenians wanted Pashinyan to recognise their independence and unify them with Armenia.

Persons: Irakli, Alexander Baunov, Russia's, Sergei Markov, Pashinyan, Dmitry Medvedev, Medvedev, Margarita Simonyan, Andrew Osborn, Gareth Jones Organizations: REUTERS, Armenian, Soviet, Carnegie, Karabakh, Protesters, Kremlin, Russian, Security Council, NATO, Thomson Locations: Karabakh, Armenia, Kornidzor, Russia, Azerbaijan Moscow, Kabul, U.S, Afghanistan, Nagorno, Turkish, Moscow, Azerbaijan, Soviet Union, Turkey, Iran, Ukraine, South Caucasus, Stepanakert, Russian, America, Baku ., Yerevan, Baku, Pashinyan

☆ Green energy’s tailwinds blow the other way
▼ + stars: | 2023-09-22 | by ( Peter Thal Larsen | ) www.reuters.com time to read: +7 min

Falling costs, cheap capital and supportive politicians helped propel a headlong rush into renewable power. As relations with China deteriorate, the United States and Europe are increasingly concerned about the country’s grip on parts of the green energy supply chain. In recent roundtable discussions moderated by Breakingviews on both sides of the Atlantic, participants expressed optimism about the momentum of investment in green energy. The IRA has unleashed a green energy boom. The world can ill afford to relax its embrace of green power.

Persons: Rishi Sunak, –, Joe Biden’s, Jared Cohen, Goldman Sachs, Breakingviews, carmaker Ford, Rishi Sunak’s, Pennsylvania’s Penn, George Hay, Sharon Lam, Aditya Sriwatsav Organizations: Britain's, Downing, Reuters, Global, International Energy Agency, International Renewable Energy Agency, Energy, Commission, Applied Innovation, Goldman, Amperex Technology, Companies, British, MIT’s Center for Energy, Environmental, Research, University, Pennsylvania’s, Thomson Locations: London, Ukraine, U.S, China, United States, Europe, People’s Republic, Vietnam, Mexico

"There's a trip next week to India, a number of countries are going to sort of verify certain elements of implementation. Belgium, which is not in the G7 but is a member of the European Union, has been blocking any sanctions on Russian diamonds sought by hawks in the EU. A leading Russia critic, Poland this week launched a fresh call for EU sanctions on Russian diamonds, the sales of which brought Moscow more than $4.5 billion in 2022. The EU bought some $1.5 billion worth of Russian diamonds last year. Following Moscow's invasion of Ukraine, Washington imposed sanctions on Alrosa and barred the import of non-industrial diamonds of Russian origin into the United States.

Persons: Daphne Psaledakis, Humeyra Pamuk, Gabriela Baczynska, Howard Goller Organizations: Biden, Reuters, U.S, United Nations, European Union, EU, Thomson Locations: India, United States, Belgium, Mumbai, Surat, Russia, New York, Antwerp, Ukraine, Moscow, Poland, Washington

☆ Analysis: Zelensky's mixed reception in Washington may be a taste of political storm to come
▼ + stars: | 2023-09-21 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

Washington CNN —The blue-and-gold flag draped hero worship of Ukrainian President Volodymyr Zelensky’s last Washington trip, which stirred comparisons to Winston Churchill’s wartime stand against Nazism, was a distant memory on Thursday. And in public appearances, Zelensky’s patience sometimes frayed – especially when berating the United Nations for failing to protect its members from aggression. There’s also a question of whether Zelensky’s relentless efforts to shame the world into action might be reaching the point of diminishing returns. Trump exacerbates such concerns by warning that Biden’s help for Ukraine could trigger World War III with Russia. With no end in sight for the biggest war in Europe since World War II, Ukraine’s fate seems increasingly aligned with Biden’s own political destiny.

Persons: Volodymyr Zelensky’s, Winston, Zelensky, Donald Trump’s, Franklin Roosevelt, There’s, Vladimir Putin, Kim Jong, Biden, Mr, ” Biden, Jake Sullivan, –, Chuck Schumer, Mitch McConnell, we’re, Carolina Sen, Thom Tillis, Kamala Harris, Nancy Pelosi, Kevin McCarthy, McConnell, we’ve, you’ve, ” McCarthy, “, McCarthy, Trump, Putin, Nikki Haley, Vivek Ramaswamy, Trump’s, Ohio Sen, J.D, Vance, Zelensky –, ” Vance, Missouri Sen, Josh Hawley, ” Hawley Organizations: Washington CNN, Republican, CNN, United Nations, United States, Oval, Tactical Missile Systems, NATO, Kyiv, Democratic, GOP, Senate, Trump, Ukraine, “, Twitter Locations: Washington, Russia, United States, Ukraine, United, Russian, Russia’s Far, Poland, Warsaw, US, Poland’s, ”, Carolina, Ukrainian, Southern, America, New Hampshire, American, Moscow, Missouri, Europe

☆ House Foreign Affairs Committee will hold a hearing next week on repealing the law that made the 2003 Iraq invasion possible
▼ + stars: | 2023-09-20 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

The House Foreign Affairs Committee will hold a hearing next Thursday on AUMFs. That tees up a potential repeal of the more than 20-year-old law, which authorized the Iraq war. The Senate easily passed a bill to do just that earlier this year, but it's stalled in the House. AdvertisementAdvertisementThe effort to repeal the Iraq war powers has been stalled for months in the House, largely owing to the opposition of defense-minded Republicans on key committees. But dozens of House Republicans also voted for the bill.

Persons: it's, Leslie Shedd, Ken Buck, Gregory Meeks, Saddam Hussein Organizations: Foreign Affairs, Senate, Service, Iraq, Caucus, House Republicans, Republican Rep, Democratic, Democrats, Republicans, ISIS Locations: Iraq, Wall, Silicon, United States, Colorado, New York

As a result, they’re almost sure to leave their key interest rate unchanged when their meeting ends Wednesday. Claudia Sahm, a former Fed economist, said she thinks a “soft landing,” in which the Fed manages to curb inflation without causing a recession, remains possible. But she cautioned that inflation might stay higher for longer than the central bank expects. Or, she suggested, the cumulative effects of the Fed's 11 rate hikes could ultimately tip the economy into recession. “I expect we’ll need to hold rates at restrictive levels for some time,” said Susan Collins, president of the Federal Reserve Bank of Boston.

Persons: they’re, Jerome Powell, Claudia Sahm, ” Sahm, “ They’re, ”, Christopher Waller, Powell, “, They're, Jose Torres, Susan Collins, Lorie Logan, William English Organizations: WASHINGTON, Federal, Wall Street, Fed, Fed's, Governors, CNBC, Interactive, Federal Reserve Bank of Boston, Dallas Fed, European Central Bank, Bank of England, Bank of Japan, “, Yale School of Management Locations: Jackson Hole , Wyoming, Ukraine, U.S

ORLANDO, Florida, Sept 17 (Reuters) - Hedge funds cut their net short dollar position by nearly $5 billion last week, according to the latest U.S. futures markets data, the biggest swing towards a more bullish dollar stance since May last year. Less than two months ago, funds' were net short of dollars to the tune of $21.3 billion, the biggest bet against the greenback since June 2021. Speculators' net short dollar position against just the G10 currencies, which was worth $18 billion as recently as July, has now completely evaporated. A short position is essentially a wager an asset's price will fall, and a long position is a bet it will rise. Funds cut their net long holdings by 23,151 contracts to 113,080 contracts, the smallest net long since November and the biggest week-on-week reduction since June last year.

Persons: hasn't, Jamie McGeever, Christina Fincher, Lincoln Organizations: Futures, Bank of Japan, U.S . Federal, Reuters, Thomson Locations: ORLANDO, Florida, Brazilian, U.S

European Central Bank (ECB) President Christine Lagarde speaks to the media following the Governing Council's monetary policy meeting at the ECB headquarters in Frankfurt, Germany, July 27, 2023. Lagarde stigmatised the leak at the start of the two-day meeting, a criticism that was echoed by several colleagues. But as borrowing costs were pushed higher, more policymakers expressed reservations about further hikes, the sources said. Lagarde has spared no effort in trying to woo her colleagues. In return, she asked for governors to stop trashing policy decisions once taken, keep internal disputes out of the media and put their phones away while colleagues were speaking.

Persons: Christine Lagarde, Kai Pfaffenbach, Mario Draghi, Claudia Buch, Andrea Enria, Lagarde's, Lagarde, Weeks, Draghi, Francesco Canepa, Mike Harrison Organizations: European Central Bank, ECB, REUTERS, SANTIAGO DE, Central Bank, Reuters, Governing Council, Single, Thomson Locations: Frankfurt, Germany, FRANKFURT, SANTIAGO, SANTIAGO DE COMPOSTELA, Draghi

Search resuls for: "HAWKs"

25 mentions found