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☆ China and Russia are outpacing the US and its allies in military technology development, Australian defense official warns
▼ + stars: | 2024-03-06 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

An Australian defense official is warning about military tech gaps between the US and China. AdvertisementThe US and Australia must reinforce their industrial partnership and step up military preparations in the Indo-Pacific region amid China's increasingly aggressive behavior in the South China Sea, a high-ranking Australian defense official said this week. Jeffrey's comments come after years of rising tensions in the Indo-Pacific region. Advertisement"Russia and China are outpacing the US and its allies," Jeffrey said, according to the outlet, which noted that he was discussing military technology. AdvertisementThe Department of Defense said in a recent China Military Power Report that China is "the only competitor" to the US with the intent and capacity to change the global order.

Persons: —, Hugh Jeffrey, Jeffrey, Biden Organizations: Service, Industry, Center for Strategic, International Studies, China Morning Post, Navy, US, US Army, BI, of Defense Locations: China, Asia, Australia, South China, Washington, DC, Russia, Taiwan, Indonesia

☆ US soldiers say running high-stress artillery ops deep in the ever-changing Arctic is unlike anywhere else
▼ + stars: | 2024-03-05 | by ( Chris Panella | ) www.businessinsider.com time to read: +8 min

Read previewDeep in the Arctic, US troops are training to conduct difficult and high-stress artillery operations in challenging cold-weather conditions. The challenges, soldiers told Business Insider, come from the freezing temperatures, harsh weather, and unpredictable ground conditions. "There's a lot more than goes into it, especially in the Arctic environment, than the rest of the world," Sgt. Soldiers with 2nd Battalion, 11th Field Artillery, 25th Infantry Division work with M119 Howitzers to enhance their basic artillery skills on Schofield Barracks, Hawaii, June 14, 2020. Troops are being proactive rather than reactive, they told BI, looking for new or alternative firing positions in real time.

Persons: —, Zachary, Paige Behringer, Brandon Vasquez USARPAC, Charles A, Flynn, Abreanna Goodrich, Poole, Timothy Crumpler, Mike Godinez, Martinez, they're, it's, Zachary Tousignant, Stephanie Snyder It's, Tousignant Organizations: Service, Business, Zachary Poole, Artillery, Army, Pacific Multinational Readiness Center, 11th Airborne Division, 2nd Battalion, 15th Field Artillery Regiment, 2nd Brigade Combat Team, Division, Fort Drum , New York . U.S, Staff, U.S, 1st Infantry Brigade Combat Team, Airborne Division, Pacific Multinational Readiness, US Army, BI, U.S . Army, Donnelly Training, Spc, U.S . Army Spc, Co, Battalion, 509th Parachute Infantry Regiment, 2nd Infantry Brigade Combat Team, Joint Pacific Multinational Readiness, Martinez Soldiers, 11th Field Artillery, 25th Infantry Division, . Troops Locations: Fairbanks , Alaska, Fort Drum , New York, Utqiagvik, Alaska, China, Russia, North Korea, U.S, Hawaii, Ukraine

☆ Amer Sports losses narrow as China sales fuel holiday-quarter revenue growth
▼ + stars: | 2024-03-05 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +5 min

In fiscal 2023, the company lost $208.8 million, but its losses narrowed from $230.9 million in fiscal 2022. Between 2020 and 2022, Amer grew sales in the region from 8.3% of total revenue to 14.8%. Sales in Greater China jumped by 45% and all three of the company's segments saw "solid growth." In 2023, sales in Europe, the Middle East and Africa represented about 33% of total revenue, down from 36% in 2022. North America made up about 39.5% of sales in 2023, down from 42.4% of sales in 2022.

Persons: Wilson, Amer, Salomon, Sellers, China's, Amer's, James Zheng, Zheng, it's Organizations: Amer Sports, New York Stock Exchange, Lousiville Slugger, CNBC, Wall, FountainVest Partners, Anamered Investments, Revenue Locations: Amer, New York City, U.S, China, Wilson, Louisville, Helsinki, Finnish, Greater China, Asia, Europe, East, Africa, North America, APAC

☆ US Army attack helicopters are making 150-mile deep strike runs in the Arctic, where pilots grapple with frozen equipment and whiteout landings
▼ + stars: | 2024-03-02 | by ( Chris Panella | ) www.businessinsider.com time to read: +7 min

Helicopter pilots also have to be able to land in confined spaces, such as a small openings located in dense forests. AH-64D Apache Longbow attack helicopters fly over a mountain range near Fort Wainwright, Alaska, on June 3, 2019. Army via APTowards the end of the recent JPMRC rotation in Alaska, Eifler told reporters about a 150-mile deep strike conducted with attack helicopters. The opportunities, particularly for helicopter pilots, are limitless, Burke told BI. As soldiers told Business Insider during the training in Alaska, if you can master warfighting in the Arctic, you can wage war anywhere.

Persons: —, Thomas E, Burke, Charles Flynn, Brian S, Eifler, Alejandro Peña, Natalie Doan, Cameron Roxberry Organizations: Service, Army, 11th Airborne Division, Business, Pacific Multinational Readiness, Airborne, Readiness, Alaska Army National Guard UH, 1st Battalion, 207th Aviation Regiment, Base Elmendorf, . Air Force, Blackhawks, Aircraft, Paratroopers, U.S . Army 2nd Infantry Brigade Combat Team, 36th Airlift Squadron, Yokota Air Base, Helicopter, U.S . Army, AP, Apache Locations: Alaska, Brig, Gen, Wainwright , Alaska, China, Russia, North Korea, Richardson , Alaska, Wainwright, Japan, Fort Wainwright , Alaska

☆ US soldiers are fighting to get back lost skills for war in the 'most challenging environment on the planet,' Army general says
▼ + stars: | 2024-03-01 | by ( Chris Panella | ) www.businessinsider.com time to read: +7 min

The US Army's new JPMRC training rotation in Alaska prepares soldiers to fight in frigid conditions. Many skills related to Arctic combat had atrophied, generals said. On the flip side, JPMRC also does an annual rotation in Hawaii, training soldiers to fight in the wet, humid jungle. US Army Alaska officially became the 11th Airborne Division, a newly reactivated unit, with the focus on Pacific and Arctic combat. The general told reporters US Army Alaska had "sort of lost the Arctic ethos" because of its focus on counterinsurgency in the Middle East.

Persons: —, USARPAC, Elijah Magaña, Brian S, Eifler, JPMRC, Charles Flynn, Flynn, Brandon Vasquez, Eilfer Organizations: US, Army, Service, US Army, Pacific Multinational Readiness Center, 11th Airborne Division, U.S, 1st Battalion, 5th Infantry Regiment, 1st Infantry Brigade Combat Team, Airborne Division, Pacific Multinational Readiness, Donnelly Training, Troops, U.S . Army, US Army Alaska, The Army Locations: Alaska, Fairbanks , Alaska, Iraq, Afghanistan, Hawaii, Pacific, China, U.S, Utqiagvik, Russia

☆ How much wealth do you need to join the 1% club in your country?
▼ + stars: | 2024-02-29 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

The entry barriers to the 1% rich club have been getting tougher across the world. Here's how much you need to join the ranks of the wealthiest people in your country. Second in line is Luxembourg, which has an entry requirement of $10.8 million, followed by Switzerland at $8.5 million. At $5.2 million, Singapore is fifth globally and leads the Asia-Pacific region in terms of the wealth needed to break into the elite club. The two are offering tax incentives and business-friendly regulations to attract 1,100 family offices that manage over $4 trillion in assets.

Persons: Monaco, Knight Frank Organizations: Empire, Hudson Locations: Manhattan, New York City, U.S, Luxembourg, Switzerland, Singapore, Asia, Pacific, Hong Kong

☆ The US Army is breeding a new kind of Arctic warrior by 'testing the mettle of the human' in frigid, freezing Alaska, commander says
▼ + stars: | 2024-02-29 | by ( Chris Panella | ) www.businessinsider.com time to read: +8 min

This story is available exclusively to Business Insider subscribers. Out on the snow-covered Alaskan tundra, US Army Pacific is pushing its soldiers to prepare to fight in subzero temperatures and hostile, unpredictable environments. "It's a harsh environment," Maj. Gen. Brian S. Eifler told Business Insider in an in-person interview at Fort Wainwright in Fairbanks. Some told Business Insider the Arctic was the most difficult environment to fight in, while others noted it took a specific type of mindset to survive there, let alone excel. Maj. Joseph Gaskin told Business Insider, explaining that "we don't have all the answers for this environment."

Persons: —, USARPAC, Sammantha Ohm, Abreanna Goodrich, Snow, Maj, Brian S, Eifler, Col, Sean Lucas, Elijah Magaña JPMRC, Charles A, Flynn, USARPAC's, it's, Michael Sword, Joseph Gaskin, Lucas Organizations: Service, US Army, Business, Army, Pacific Multinational Readiness Center, BI, US, 11th Airborne Division, Troops, U.S . Army Spc, 5th Squadron, 1st Calvary Regiment, Delta Co, 1st Infantry Brigade Combat Team, Airborne Division, Pacific Multinational Readiness, Donnelly Training, U.S, Spc, 3rd Battalion, 509th Infantry Regiment, 2nd Infantry Brigade Combat Team, Pentagon, Pacific Command, U.S . Army, 11th Airborne Locations: Fairbanks , Alaska, Alaska, Wainwright, Fairbanks, Hawaii, China, Russia, North Korea

☆ Salesforce beats on earnings, declares dividend. Those selling the stock are missing the big picture
▼ + stars: | 2024-02-28 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

Adjusted operating margin expanded to 31.4% in the quarter, missing estimates of 31.55%, according to FactSet. No, but it was an overall solid quarter for Salesforce, with the company beating on most key metrics. In its fiscal 2024, Salesforce repurchased $7.7 billion worth of stock, lowering its diluted share count by about 1 million to 983 million. For the first quarter, Salesforce guided for revenues between $9.12 and $9.17 billion, in line with estimates of $9.15 billion. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Salesforce, We're, it's, Wednesday's, Marc Benioff, we'd, Amy Weaver, Benioff, Einstein, Cash, Salesforce's, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Revenue, LSEG, Club, CNBC Locations: Americas, Africa, Asia, Latin America, India, Canada, San Francisco , California

Sydney CNN —An Australian photographer has filed a police complaint against Taylor Swift’s father, Scott Swift, for allegedly punching him as the superstar left a concert afterparty in Sydney in the early hours of Tuesday. Photographer Ben McDonald, 51, told CNN he learned the singer was aboard a yacht in Sydney Harbor following her final show in the city on Monday night. He claimed when Swift got off the boat, a security guard forced an umbrella into his face and camera, before he was punched by the star’s 71-year-old father. In a statement to CNN, Swift’s spokesperson claimed threats had been made against a member of her staff. Swift performed in Sydney and Melbourne for the Australia leg of her global “Eras Tour,” continuing her string of concerts across the Asia-Pacific region; earlier in February, she performed in Tokyo, and is set to perform in Singapore in March.

Persons: Taylor Swift’s, Scott Swift, Ben McDonald, Swift, Swift’s, ”, Taylor Organizations: Sydney CNN —, CNN, New South Wales Police, Australia Locations: Australian, Sydney, Sydney Harbor, New, Melbourne, Asia, Pacific, Tokyo, Singapore

☆ Wall Street gets its biggest investment-banking shakeup in years. Here are the key players making moves.
▼ + stars: | 2024-02-26 | by ( Reed Alexander | ) www.businessinsider.com time to read: +6 min

Read previewWall Street experienced a big shakeup on Monday when two big banks announced new leaders for their investment-banking units. Citi's hire comes just weeks after JPMorgan promoted Raghavan to the sole head of its deals business, forcing America's biggest bank by assets to regroup. Under Raghavan, JPMorgan rose to No. For the last decade, the 59-year-old has been CEO of the bank's commercial bank, dedicated to corporate lending, including to Silicon Valley startups and real-estate investors. In an internal memo announcing his new role, bank executives said he's "significantly" grown revenue in the region since he took over the region in 2019.

Persons: —, Viswas Raghavan, Raghavan, Jamie Dimon, Filippo Gori, Doug Petno, Filippo Gori —, Jane Fraser, Fraser, Merrill Lynch, Andy Sieg, Patrick T, Fallon, Raghavan Raghavan, Doug Petno Petno, Jennifer Piepszak, Troy Rohrbaugh, Piepszak, Marianne Lake, Rohrbaugh, he's, He'll, Sjoerd Leenart, Mary Erdoes, Reed Alexander Organizations: Service, Citigroup, America's, Business, JPMorgan, Citi, Financial Times, Banking & International, Citi Foundation, EMEA, Financial News, JPMorgan's, Corporate Banking Locations: Hong Kong, London, Europe, Africa, Fraser, EMEA, Silicon, Filippo Gori Gori, JPMorgan's Asia, Pacific

☆ Goldman Sachs and Abu Dhabi's Mubadala ink $1 billion partnership to invest in Asia Pacific
▼ + stars: | 2024-02-26 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

DUBAI, United Arab Emirates — Goldman Sachs and Abu Dhabi sovereign wealth fund Mubadala on Monday signed a $1 billion private credit partnership to co-invest in the Asia-Pacific region, with a particular focus on India, the institutions said in a joint statement. The separately managed account, termed the "Partnership," will be managed by Private Credit at Goldman Sachs Alternatives, with a staff based on the ground in various markets across the region. It will invest the long-term capital in "high quality companies ... across the private credit spectrum" across a number of Asia-Pacific markets. The UAE in October 2023 announced a target to invest $75 billion in India over a period of time, while Saudi Arabia set an investment target in the country of $100 billion. "India, in particular, stands out as a key market with significant opportunities in private credit, and where Goldman Sachs has strong exposure and capabilities," said Fabrizio Bocciardi, Mubadala's head of credit investments, in a press release.

Persons: United Arab Emirates — Goldman Sachs, Goldman Sachs, Fabrizio Bocciardi Organizations: United Arab Emirates, Monday, Private Credit, Goldman Sachs, Abu Dhabi Global Market, United Arab Locations: DUBAI, United Arab, Abu Dhabi, Asia, Pacific, India, United Arab Emirates, UAE, Saudi Arabia

☆ Congressman presses Elon Musk to provide SpaceX satellite services for US defense forces in Taiwan, report says
▼ + stars: | 2024-02-25 | by ( John L. Dorman | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

A Congressman is urging Elon Musk to give SpaceX Starshield access to US forces in Taiwan. AdvertisementElon Musk is facing pressure to provide SpaceX's Starshield satellite network to US defense personnel in Taiwan, according to Forbes. However, the outlet described a "group of US lawmakers" were involved in the calls for Musk to provide satellite access to US defense forces in Taiwan. The letter then called on Musk to brief the select panel regarding Starshield's capabilities in Taiwan by March 8, Forbes reported. The request could present challenges for Musk, who has considerable business ties in China, where Tesla has a significant manufacturing presence.

Persons: Elon Musk, Forbes, —, Elon, Mike Gallagher, Musk, Gallagher, Taiwan's, Lai Ching, Tesla, hasn't, Joseph Wu Organizations: SpaceX, Service, Forbes ., Forbes . Wisconsin GOP, US Defense Department, Forbes, Street, Chinese Communist Party, New York Times, United States Congress, Times, Business Locations: Taiwan, China, Forbes, Forbes . Wisconsin, Russian, Starshield, Hong Kong

The House Select Committee on the Chinese Communist Party sent a letter on Saturday to Elon Musk demanding that U.S. troops stationed in Taiwan get access to SpaceX's Starshield, a satellite communication network designed specifically for the military. The letter, obtained by CNBC and first reported by Forbes, claimed that by not making Starshield available to U.S. military forces in Taiwan, SpaceX could violate its Pentagon contract, which requires "global access" to Starshield technology. The letter requests that Musk provide the House committee with a briefing on its Taiwan operations by March 8. Taiwan has been governing itself independently of China since the island split from the mainland during the 1949 civil war. "I think I've got a pretty good understanding as an outsider of China," Musk said on the All-In Podcast.

Persons: Elon Musk, Tesla, Forbes, Mike Gallagher, Gallagher, Tsai Ing, Lai Ching, Musk, I've, Jaushieh Joseph Wu Organizations: Fratelli, Chinese Communist Party, Elon, CNBC, SpaceX, Pentagon, U.S ., Rep, CCP, Starshield, Russia, U.S, Tesla, Foreign Locations: Italy, Rome, Taiwan, China, American, Shanghai, Hawaii

☆ The top US Army general in the Pacific is 'worried' about China's missiles but counting on his soldiers being a 'dilemma' for the Rocket Force
▼ + stars: | 2024-02-23 | by ( Chris Panella | ) 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. The commanding general of US Army Pacific told Business Insider during a large-scale training exercise in Alaska that while the growth has been "meteoric" and he is "always worried" about the missiles, the Army has many ways to create a "dilemma" that China may not be expecting. This story is available exclusively to Business Insider subscribers. US Army forces and their allies across the Pacific have ramped up training in recent years to better prepare its troops for warfare across various difficult environments in the region. At JPMRC's Hawaii rotation last fall, Flynn emphasized that the Army "will play a key role" in solving the challenges facing the joint force in the Pacific.

Persons: —, Evangelos Wilson, Charles A, Flynn, USARPAC, Mark Milley, Patrick A, Albright, USINDOPACOM Organizations: Service, Force, US Army Pacific, Business, Army, Pentagon, Rocket Force, People's Liberation Army, Department of Defense, U.S . Army, 3rd Infantry Brigade Combat Team, 25th Infantry Division, Dillingham Army, U.S, Spc, 3rd Infantry Brigade, US Army, U.S . Army Sniper School, Maneuver, Excellence, Fort Benning Public Affairs, Pacific Multinational Readiness Center Locations: Pacific, Alaska, China, America, Dillingham, Hawaii, Wainwright, Fairbanks , Alaska, Gen, U.S

☆ US Army soldiers are working closer than ever with allies in the Pacific to counter China's 'aggressive, insidious' ways, top general says
▼ + stars: | 2024-02-22 | by ( Chris Panella | ) 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. AdvertisementU.S. Army Gen. Charles Flynn, Commander of the U.S. Army Pacific, speaks with soldiers from the 1st Infantry Brigade Combat Team, 11th Airborne Division, during Joint Pacific Multinational Readiness Center 24-02 at Donnelly Training Area, Alaska, Feb. 15, 2024. This month, US Army Pacific conducted its JPMRC training rotation in Alaska, where thousands of troops are trained to wage war in frigid, Arctic conditions. The Joint Pacific Multinational Readiness Center also does a training rotation in Hawaii, where troops conduct exercises in the jungle. That training is also conducted with a host of US allies and partners in the Pacific.

Persons: —, Army Pacific's, IPACC, Gideon Battis Gen, Charles A, Flynn, he's, Charles Flynn, Mike Godinez, Martinez, USARPAC, Joseph A, Ryan Organizations: Service, US Army, Pacific Multinational Readiness, Army, Business, Pentagon, Department of Defense, People's Liberation Army, Navy, Rocket Force, East China Seas, Combat, US Army Pacific, U.S . Army Pacific, 1st Infantry Brigade Combat Team, Airborne, Donnelly Training, U.S, Talisman, Talisman Sabre, Pacific Multinational Readiness Center Locations: China, Pacific, Australia, Alaska, Hawaii, People's Republic of China, United States, Philippines, Taiwan Strait, East, South Korea, Japan, Thailand

☆ This country is set to see the sharpest spike in wealth growth over the next decade
▼ + stars: | 2024-02-21 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Vietnam is set to see the sharpest spike in wealth growth over the next decade as it cements its status as a global manufacturing hub, according to a report by global wealth intelligence firm New World Wealth and investment migration advisors Henley & Partners. The Southeast Asian country is forecast to see a 125% increase in wealth over the next 10 years, Andrew Amoils, New World Wealth's analyst, told CNBC. This would be the largest expansion in wealth of any country in terms of GDP per capita and number of millionaires, according to the firm's analysis. "Vietnam is an increasingly popular manufacturing base for multinational tech, automotive, electronics, clothing and textile firms," Amoils said. India, which is set to become the world's third-largest economy by 2027, takes the second spot with an expected 110% growth in wealth, he added.

Persons: Andrew Amoils, Amoils Organizations: Wealth, Henley & Partners, CNBC Locations: Vietnam, Andrew Amoils ,, India, Asia, Pacific

☆ Report: North Korean missile fired by Russia against Ukraine contained US and European components
▼ + stars: | 2024-02-20 | by ( Natasha Bertrand | ) edition.cnn.com time to read: +5 min

CNN —A North Korean ballistic missile fired last month by the Russian military in Ukraine contained hundreds of components that trace back to companies in the US and Europe, according to a new report. Last year, as CNN previously reported, CAR determined that 82% of components inside Iranian-made attack drones fired by Russia inside Ukraine were made by US companies. Courtesy Conflict Armament ResearchThe research also shows that North Korea was able to produce the missile and ship it over to Russia quickly. More evidence of Russia, North Korea tiesThe White House confirmed last month that Russia has been firing North Korean missiles at Ukrainian cities. North Korea has also likely provided Russia with “millions of artillery rounds” over the last year, according to a report published last week by the Pentagon’s inspector general.

Persons: Biden, North Korea —, ”, Korea “, Kim Jong Un, John Kirby Organizations: CNN, Research, National Security Council, North, Congress, White House, Korean, Intelligence, CAR, North Korean, United Nations Security, “, National Security Locations: Korean, Russian, Ukraine, Europe, North Korea, Iran, Russia, Kharkiv, United States, Asia, US, China, Germany, Japan, Netherlands, Singapore, Switzerland, Taiwan, American, Korea, Washington, Pyongyang

☆ China is learning to prepare for a drawn-out war after watching Russia struggle for years in Ukraine: think-tank
▼ + stars: | 2024-02-15 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

China is showing signs that it's thinking about a drawn-out war after watching Russia, the IISS said. It shows Beijing is considering how it might not achieve a "swift victory" if it goes to war, an IISS analyst said. AdvertisementBeijing's military leaders appear to be preparing China for the possibility of a long-drawn war after observing Russia's protracted conflict in Ukraine, according to an international think-tank. Heavy losses in Ukraine, coupled with reports of mistreatment of conscripts and contract soldiers on the battlefield, have been stumbling blocks for Russian military recruitment. AdvertisementThe IISS report said China has been gleaning other lessons from the war, though the think-tank said it's difficult to confirm what exactly Beijing is learning.

Persons: —, IISS, Nouwens Organizations: Service, Kremlin, PLA Army, International Institute for Strategic Studies, Liberation Army, Nikkei Asia, Nikkei, PLA Locations: China, Russia, Beijing, Ukraine

☆ US 'Very Confident' Australia and Britain Will Be Eligible for AUKUS Exemptions
▼ + stars: | 2024-02-14 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +2 min

By David BrunnstromWASHINGTON (Reuters) - The top U.S. official for arms control said on Wednesday she is "very confident" the United States will certify Australia and Britain as eligible for exemptions from export-control regulations under the AUKUS submarine project. The AUKUS project unveiled by the three countries in 2023 involves Australia acquiring nuclear-powered attack submarines as part of efforts by the allies to push back against China's growing power in the Indo-Pacific region. This is provided for in the 2024 U.S. National Defense Authorization Act passed in December, but requires Biden's final signoff by mid-April. "We have to keep showing that we're all-in and ... people are watching what's happening with the supplemental," she said. "We need to pass a supplemental because of all the things in here, including AUKUS, that shows the U.S. wants to continue to be a leader."

Persons: David Brunnstrom WASHINGTON, Joe Biden, Bonnie Jenkins, Jenkins, Mike Johnson, David Brunnstrom, Sandra Maler Organizations: U.S, Arms, U.S . International, . National Defense, Foreign Affairs, Senate, Republican, Republican U.S . House Locations: United States, Australia, Britain, U.S, Mexico

☆ Rippling CEO Parker Conrad dishes on why the startup is sitting on a massive $750 million war chest
▼ + stars: | 2024-02-14 | by ( Melia Russell | ) www.businessinsider.com time to read: +6 min

This story is available exclusively to Business Insider subscribers. To this day, Rippling hasn't touched the money it raised in that emergency package, Conrad told Business Insider. Rippling will invest hundreds of millions of dollars from the balance sheet into research and development this year, according to CEO Parker Conrad. Parker Conrad says Rippling hasn't touched any of the venture capital it raised over the last two rounds. Shepherding the startup through this next growth phase is new chief product officer Eisar Lipkovitz, Rippling told Business Insider exclusively.

Persons: Parker Conrad, Conrad, Rippling hasn't, Kleiner Perkins, Rippling, Amy Osborne, Mamoon Hamid, they've, TechCrunch, Eisar Lipkovitz, Lipkovitz, Deel, Melia Russell Organizations: Business, paychecks, Bedrock, Washington Post, JPMorgan, Google Locations: Silicon, San Francisco, Asia, Lyft, Rippling

☆ Biden accuses Trump of bowing to Putin by encouraging Russia to invade NATO allies who don’t meet their obligations
▼ + stars: | 2024-02-13 | by ( Kevin Liptak | Michael Williams | ) edition.cnn.com time to read: +4 min

Washington CNN —President Joe Biden on Tuesday slammed Donald Trump after the former president said he would encourage Russia to invade countries that don’t meet their NATO obligations, saying such comments amount to bowing down to Vladimir Putin. The remarks – Biden’s latest criticism of Trump from the White House – are some of his harshest criticism of his likely rival on foreign policy to date. “Can you imagine a former president of the United States saying that?” Biden asked incredulously from the State Dining Room. The White House criticized Trump’s comments shortly after they were made. Win McNamee/Getty ImagesBut Biden’s criticism of Trump from the White House went a step further.

Persons: Joe Biden, Donald Trump, Vladimir Putin, –, Trump, Biden, ” Biden, incredulously, “, Trump’s, Andrew Bates, Win McNamee, ”, “ Donald Trump Organizations: Washington CNN, NATO, Senate, American, Coastal Carolina University, White, America, Trump Locations: Russia, South Carolina, United States, Ukraine, Israel, Gaza, Conway , South Carolina, Russian

☆ Senate clears critical hurdle prior to final passage of $95 billion foreign aid bill
▼ + stars: | 2024-02-12 | by ( Clare Foran | Ted | ) edition.cnn.com time to read: +4 min

The Senate cleared a critical hurdle on Monday evening to advance a $95.3 billion foreign aid bill with assistance for Ukraine and Israel, setting the legislation on a glide path to final passage in the chamber this week, though it faces an uncertain future in the House. The Senate has continued to move forward on the bill as Trump has argued the US should not grant foreign aid unless it is a loan, signaling opposition to the legislation. A number of Senate Republicans either defended or downplayed Trump’s NATO comments on Monday. The foreign aid package includes billions of dollars to support Ukraine and for security assistance for Israel, as well as humanitarian assistance for civilians in Gaza, the West Bank and Ukraine. Lawmakers are moving forward with the foreign aid bill after Republicans blocked the broader bill that would have combined the foreign aid with a bipartisan border deal.

Persons: Mike Johnson, Trump, Johnson, ” Johnson, “, ” Sen, Tommy Tuberville, Putin, Roger Marshall of, Sen, Rand Paul, Paul, ”, ” Paul, … I’m, CNN’s Kate Sullivan Organizations: Republicans, Senate, NATO, Alabama Republican, Republican, Israel, West Bank, Russia, Lawmakers, Trump, House Republicans Locations: Ukraine, Israel, Roger Marshall of Kansas, Kansas, Gaza

☆ Here Are the Republicans Breaking With Their Party to Back Ukraine Aid
▼ + stars: | 2024-02-12 | by ( Carl Hulse | ) www.nytimes.com time to read: +1 min

Seventeen Senate Republicans have bucked a majority of their party and former President Donald J. Trump in joining Democrats to push military assistance for Ukraine toward approval in the Senate, highlighting a widening foreign policy divide in the contemporary Republican Party. The 17 senators, mainly national security hawks who include several military veterans, have provided the votes necessary to overcome multiple filibusters backed by a majority of their colleagues, clearing the way for approval within days of $95 billion in aid to Ukraine, Israel and allies in the Pacific region. “The thread that binds that group together is national security,” said Senator Jerry Moran, a Kansas Republican who is one of the 17. “America’s national security, the belief that what happens in Ukraine matters to the United States, the belief that what happens in Israel matters and the belief that what happens in the South Pacific matters.”Backing the funding could draw condemnation from Mr. Trump and his allies, a possibility that was most likely a factor in the decision of some to oppose it.

Persons: Donald J, ”, Jerry Moran, “, Trump Organizations: Republicans, Trump, Democrats, Republican Party, Kansas Republican Locations: Ukraine, Israel, Pacific, Kansas, United States, South Pacific

☆ Senate works through the weekend on major foreign aid package
▼ + stars: | 2024-02-11 | by ( Clare Foran | Ted | ) edition.cnn.com time to read: +4 min

CNN —The Senate is working through the weekend on a $95.3 billion foreign aid bill with assistance for Ukraine and Israel, but it may still be days until a final vote as GOP Sen. Rand Paul continues to slow the process. Ahead of a final vote on the foreign aid package, additional procedural votes are expected, including one on Sunday. J. Scott Applewhite/APSenate Republicans are now divided over the foreign aid package, and some are pushing for amendments to make changes to the bill – including to add measures related to immigration and border policy. Senate Majority Leader Chuck Schumer said Thursday that Democrats hope to reach an agreement with Republicans over amendments. The foreign aid package includes billions of dollars to support Ukraine and for security assistance for Israel, as well as humanitarian assistance for civilians in Gaza, the West Bank and Ukraine.

Persons: GOP Sen, Rand Paul, “, ” Paul, CNN’s Manu Raju, Donald Trump, Mike Johnson, Chuck Schumer, J, Scott Applewhite, ”, Democratic Sen, Amy Klobuchar, Republican Sen, Jerry Moran of Kansas, Tom Cotton of, It’s, CNN’s Haley Britzkey Organizations: CNN, GOP, ” Lawmakers, Republicans, House Republicans, Senate, Sunday, Capitol, AP, Israel, West Bank, Russia, Democratic, Republican Locations: Ukraine, Israel, Washington , DC, Gaza, Afghanistan, Minnesota, United States, Klobuchar, Tom Cotton of Arkansas

☆ Trump says US should no longer provide foreign aid unless it’s structured as a loan
▼ + stars: | 2024-02-10 | by ( Kate Sullivan | Shania Shelton | ) edition.cnn.com time to read: +3 min

CNN —The day before the Senate is set to begin voting on a $95.3 billion foreign aid package that would provide for Israel and Ukraine, former President Donald Trump on Saturday said the US should stop providing foreign aid unless it is structured as a loan. Trump’s comments come after he launched a torrent of attacks on a $118 billion bipartisan border deal and foreign aid package that Senate Republicans ended up blocking Wednesday. The former president’s comments Saturday suggest the new foreign aid package, on which the Senate is slated to begin procedural votes Sunday, will end up similarly torpedoed. Trump celebrated the failure of the $118 billion bipartisan border deal and foreign aid package at a rally on Saturday. The $95.3 billion foreign aid package the Senate is currently working to pass was advanced on Thursday on a tally of 67 to 32.

Persons: Donald Trump, “, ” Trump, — James Lankford of, Joe, Republican Sen, Rand Paul, Kentucky —, ” Paul, CNN’s Manu Raju, Mike Johnson Organizations: CNN, UNITED STATES, Republicans, Trump, Israel, West Bank, White House, Republican, Senate, Russia Locations: Israel, Ukraine, — James Lankford of Oklahoma, Conway , South Carolina, Russia, Gaza, Trump

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