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☆ New freight crew rule tests rail industry's clout, one year after East Palestine disaster
▼ + stars: | 2024-04-02 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +4 min

One year after the East Palestine, Ohio train derailment created an environmental disaster, the Biden administration on Tuesday unveiled new regulations intended to shore up freight rail safety. Drone footage shows the freight train derailment in East Palestine, Ohio, U.S., February 6, 2023 in this screengrab obtained from a handout video released by the NTSB. Yet the new rule stops short of the kind of rail safety updates that the Biden administration and members of Congress had originally envisioned as a response to the East Palestine disaster. Making any major updates to rail safety will require congressional funding that has not yet been approved. The stalling of the Railway Safety Act also underscores the power of the freight rail industry's Washington lobbying shop, the Association of American Railroads (AAR).

Persons: Pete Buttigieg, Biden, Vince Verna, Buttigieg Organizations: Federal Railroad Administration, NTSB, Norfolk Southern, Railway, of Locomotive Engineers, Trainmen, Association of American Railroads, CNBC, CSX, Union Pacific, AAR, ARA, Transportation Department Locations: States, United States, Palestine , Ohio, East Palestine , Ohio, U.S, East Palestine, Norfolk, Palestine, Ohio, Washington

☆ India wants to become the top manufacturing alternative to China. But first it needs to beat Vietnam
▼ + stars: | 2024-04-02 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +6 min

The Biden administration has encouraged American companies to move electronics and technology manufacturing operations out of China and into friendlier countries, particularly Vietnam and India in Asia-Pacific. Vietnam's head startIndia and Vietnam are attractive manufacturing alternatives for foreign investors and companies, due in part to low labor costs. Import taxes remain highOne hurdle for India's manufacturing hub ambitions is the country's 10% import duty for information and communication technologies. India's import taxes were intended to protect domestic manufacturers, but lowering those duties will be part of the government's efforts to attract foreign firms to manufacture goods within the country. For example, India in January lowered import taxes for certain metal and plastic parts used in manufacturing mobile phones from 15% to 10%.

Persons: Biden, Mukesh Aghi, Samir Kapadia, Narendra Modi's, Aghi, Nari Viswanathan, Viswanathan, Tim Cook, Narendra Modi, Andy Ho, Modi, Kapadia, Pankaj Mahindroo, VinaCapital's Ho, Ho Organizations: Hindustan Times, Getty, Republicans, U.S ., India Strategic Partnership, India Index, Vogel Group, U.S, White House, Washington, Financial Times, Apple, Indian, Google, Dixon Technologies, Samsung, Motorola, India Cellular and Electronics Association, CNBC, corporates Locations: Noida, India, Asia, China, Vietnam, The U.S, U.S, United States, Singapore

☆ Dutch hostage situation in nightclub continuing, three released, police say
▼ + stars: | 2024-03-30 | by ( ) www.cnbc.com time to read: +1 min

A hostage situation in a nightclub in the eastern Dutch town of Ede was continuing on Saturday, and three people have been released, police said in a statement. A gunman took several people hostage earlier on Saturday and threatened to detonate a bomb, media reports said. Several special police units were deployed to the scene, a building in the centre of town, police said in a post on social media. People were being held at the Petticoat nightclub by a man with weapons and explosives, national newspaper de Telegraaf reported, citing several anonymous sources. Trains to and from Ede were cancelled, railway operator NS said on its website.

Persons: Telegraaf Organizations: NOS Locations: Ede

☆ Malaysia Open to Extending China-Led Rail Project to Thai Border
▼ + stars: | 2024-03-28 | by ( March | At A.M. | ) www.usnews.com time to read: +2 min

KUALA LUMPUR (Reuters) - Malaysia's government has said it would consider extending a $10 billion China-led rail project to its border with Thailand to boost economic ties between the Southeast Asian neighbours. Part of China's Belt and Road Initiative, the 665-kilometre (413-mile), 50.27 billion ringgit ($10.63 billion) railway is on track to connect the east and west coasts of peninsular Malaysia by the end of 2026. Malaysia's Transport Minister Anthony Loke said on Wednesday the government was open to proposals to extend the track to the border with Thailand, for further integration into existing railway networks or future infrastructure developments. Thailand also has plans to invest in a massive land bridge project in the country's south to boost growth and global trade. The bridge would bypass the congested Strait of Malacca, a narrow sea lane between Malaysia and Indonesia.

Persons: Anthony Loke, Loke, Danial Azhar, Panu, Kanupriya Kapoor Organizations: Reuters, Initiative, Malaysia's, Malaysia's Senate, Malaysian, China Communications Construction Co Locations: KUALA LUMPUR, China, Thailand, Malaysia, Malacca, Indonesia, Bangkok

☆ China is trying to connect Southeast Asia by high-speed rail. Here’s how that’s going
▼ + stars: | 2024-03-25 | by ( Heather Chen | ) edition.cnn.com time to read: +10 min

CNN —Imagine jumping on a train in southwestern China, traveling some 2,000 miles and arriving in Singapore – less than 30 hours later. Southeast Asia is the “obvious” choice because of its “proximity to China,” Bowerman adds. “Beijing, I think, ultimately wants to see Southeast Asian countries within its sphere of geopolitical influence. A staff member waits for passengers to board the Jakarta-Bandung high-speed train during a week-long public trial phase at the Halim station in Jakarta on September 17, 2023. “In the example of a high-speed railway line between Malaysia and Singapore, Singapore would likely have just one stop – Malaysia would have more,” Wong told CNN.

Persons: China’s, Gary Bowerman, ” Bowerman, ”, Pon Souvannaseng, Peerapon Boonyakiat, Bowerman, Pan Wenbo, Pan, Mei Wei, Wei, “ I’m, Xi Jinping’s, Souvannaseng, Hong Kong –, Hong Kong’s, Yasuyoshi Chiba, Wong Muh Rong, ” Wong Organizations: CNN, Initiative, China Railway, Reuters, East Japan Railway Co, Malaysian, Bentley University, of, Communist Party, Laos Railway, Laos Railway cumulatively, Orient Express, Getty Locations: China, Singapore, Asia, Laos, Kunming, Vientiane –, Indonesia, Jakarta, Bandung, West Java, Thailand, Bangkok, Thai, Malaysia, Kuala Lumpur, Southeast Asia, “ China, Peerapon, Cities, Penang, Malacca, Phuket Old Town, Beijing, Vietnam, Philippines, Cambodia, Wat, Siem Reap, ”, Kowloon, Hong Kong, Shanghai, Halim, AFP, “

☆ Russia says 60 dead, 145 injured in concert hall raid; Islamic State group claims responsibility
▼ + stars: | 2024-03-23 | by ( ) www.cnbc.com time to read: +8 min

Gunmen who opened fire at a Moscow concert hall killed more than 60 people and wounded over 100 while sparking an inferno, authorities said on March 23, 2024, with the Islamic State group claiming responsibility. The prosecutor's office said several men in combat fatigues entered the concert hall and fired on concertgoers. Working to extinguish the blaze continues at Crocus City Hall concert venue near Moscow, Russia after reports of a shooting incident on March 23, 2024. Working to extinguish the blaze continues at Crocus City Hall concert venue near Moscow, Russia after reports of a shooting incident on March 23, 2024. An injured woman is transported to an ambulance near the Crocus City Hall concert venue following a reported shooting incident, near Moscow, Russia.

Persons: Stringer, Vladimir Putin, Sergei Sobyanin, Putin, fatigues, Ali Cura, Dave Primov, Primov, Aymenn Jawad, Dmitry Medvedev, Mykhailo Podolyak, Volodymyr Zelenskyy, John Kirby, Maksim Blinov Organizations: Crocus City, Gunmen, Islamic, Afp, Getty, Associated Press, Moscow, Health, Crocus City Hall, Anadolu, Russian, U.S, AP, Soviet Union, Russia's Security, White House National Security Council, Embassy, Sputnik Locations: Russian, Crocus, Krasnogorsk, Moscow, U.S, Afghanistan, Russia, Ukraine, Moscow's, Sinai, Egypt, Syria, Iraq, Africa, Soviet, Islamic State, Kaluga, Ingushetia, Russia's Caucasus

☆ Ukraine war live updates: Pentagon chief looks to convince Ukraine of ongoing support; Putin attends rally in Moscow
▼ + stars: | 2024-03-19 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

People attend a rally and a concert celebrating the 10th anniversary of Russia's annexation of Crimea at Red Square in Moscow on March 18, 2024. Russian President Vladimir Putin briefly attended an open-air rally in Moscow on Monday evening at which he told the crowd that the annexation of Crimea and other regions in Ukraine had been difficult but worthwhile. The rally and concert in Red Square marked the 10th anniversary of Russia's annexation of Crimea from Ukraine. "Just this morning, I was informed that the railway from Rostov to Donetsk to Mariupol and Berdyansk has been restored. And this will be another alternative road to the Crimean bridge," he said, in comments translated by Reuters.

Persons: Vladimir Putin, Putin, Berdyansk, Holly Ellyatt Organizations: Russian, Ukraine, Reuters Locations: Crimea, Red, Moscow, Ukraine, Russia, Rostov, Sevastopol, Donetsk, Mariupol

☆ North Korea fires ballistic missiles as Blinken visits Seoul
▼ + stars: | 2024-03-18 | by ( ) www.cnbc.com time to read: +1 min

People are seen watching television at Seoul's Yongsan Railway Station showing North Korea's first test-firing of the new strategic cruise missile Pulhwasal-3-31. North Korea fired ballistic missiles into the sea on Monday for the first time in two months, as U.S. Secretary of State Antony Blinken visited Seoul for a conference hosted by President Yoon Suk Yeol on advancing democracy. North Korea fired ballistic missiles into the sea on Monday for the first time in two months, as U.S. Secretary of State Antony Blinken visited Seoul for a conference hosted by President Yoon Suk Yeol on advancing democracy. Japan later said that it had detected what appeared to be a second ballistic missile launch by the North, and that both fell outside its exclusive economic zone area. North Korea's military has been conducting exercises using conventional weapons in recent weeks, often personally overseen by the isolated state's leader, Kim Jong Un.

Persons: Antony Blinken, Yoon Suk, Fumio Kishida, Kishida, Kim Jong Un Locations: Yongsan, Korea, Seoul, North Korea, Pyongyang, United States, Japan, Japanese

☆ Russia's grand railway plan to get around Western sanctions is about to get even bigger
▼ + stars: | 2024-03-14 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

And it's now also linking south toward India and countries in the Persian Gulf, the New York Times reported on Wednesday. AdvertisementIn addition, Russia is also restoring another railway line that would allow it to access Turkey, the Times reported on Wednesday. Russia's push for rail freight follows two years of Western sanctions against the country over its war in Ukraine. The restrictions hit Russia's trade with Europe, traditionally its single largest market. AdvertisementAs Ram Ben Tzion, the CEO of freight vetting platform Publican, told the Times, Russia is creating "a trade route for the pariahs."

Persons: —, it's, Ram Ben Tzion, David Szakonyi, Szakonyi Organizations: Service, Bloomberg, New York Times, Times, Business, Reuters, West, George Washington University, Profit Locations: Russia, Moscow, China, India, Persian, Iran, Mumbai, Suez, Turkey, Ukraine, Europe, Policymaking, Russian, Crimea

☆ From Moscow to Mumbai: Russia Pivots South for Trade
▼ + stars: | 2024-03-13 | by ( Ivan Nechepurenko | Sergey Ponomarev | ) www.nytimes.com time to read: +1 min

For centuries, trade with Europe was the main pillar of Russia’s economy. The war in Ukraine ended that, with Western sanctions and other restrictions increasingly cutting Russia off from European markets. That southern route has now become a focus of Russian policymakers as they try to build infrastructure for their plans to pivot away from the West for good. The effort faces challenges, including questions over financing, doubts over the reliability of Russia’s new partners, and threats of Western sanctions targeting countries that trade with Russia. “As Russia’s traditional trade routes were largely blocked, it had to look at other options,” said Rauf Agamirzayev, a transport and logistics expert based in Baku, Azerbaijan, referring to the southern route.

Persons: ”, Rauf Agamirzayev Organizations: Iran Locations: Europe, Ukraine, Russia, Moscow, China, India, Persian, Mumbai, Baku, Azerbaijan

☆ I've taken overnight train rides ranging from $40 to $9,000 a ticket. Here's how I'd rank them from worst to best.
▼ + stars: | 2024-03-13 | by ( Joey Hadden | ) www.businessinsider.com time to read: +1 min

Nightjet seating carriage - $40The author's seat on an overnight train in Europe. Joey Hadden/Business InsiderMy worst experience on an overnight train was in Europe. In October 2022, I took a 12-hour ride from Berlin to Vienna with the Austrian Federal Railway's OBB Nightjet line. Since I was traveling on a budget, I booked the cheapest accommodation on the train. The accommodation didn't include sheets or a pillow, as it's not recommended for overnight travel, a representative of the train line previously told Business Insider.

Persons: Joey Hadden Organizations: Austrian Federal, OBB, OBB Nightjet Locations: Europe, Berlin, Vienna

“If you have minerals or oil under the ground, how do you come up with a price for a long-term contract? The shift to renewable energy and electric vehicles has caused a spike in the demand for critical minerals, driving these kind of loans. Adesina, whose Abidjan, Ivory Coast-based institution helps finance development in African countries, said these arrangements come with a litany of problems. Photos You Should See View All 60 Images“These are the reasons I say Africa should put an end to natural resource-backed loans," Adesina said. After Chad, Angola and the Republic of Congo approached the IMF for support, the multilateral lender insisted on the renegotiation of their natural resource-backed loans.

Persons: Akinwumi Adesina, paydowns, Adesina, ” Adesina, Glencore, Trafigura, ”, Mao Ning Organizations: African Development Bank, Associated Press, International Monetary Fund, IMF, Chartered, China’s Ministry of Foreign Affairs, China Railway Group, Gecamines, Alliance for Green Infrastructure Locations: Lagos, NIGERIA, China, Congo, Nigeria, Abidjan, Ivory Coast, Africa, Chad, Angola, Republic of Congo, Guinea, Ghana, Beijing, Nigerian, AP.org

☆ Why Amtrak is attempting to revive the Texas Central bullet train
▼ + stars: | 2024-03-11 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com time to read: +5 min

In 2023, Amtrak revived hopes for the bullet train in the Texas Triangle, when it announced its intention to broaden its partnership with Texas Central. The Texas Central project has been repeatedly delayed as its backers navigate various regulatory hurdles, including environmental reviews and disputes over property rights. The proposed alignment for the Texas high-speed rail project crosses Morney-Berry Farm, which Berry's family has cultivated for generations. And in late 2023, Texas Central received a Corridor ID program grant to study the route's potential for partnership with Amtrak. The backers of Texas Central declined repeated requests from CNBC for a comment on the project's progress and expected completion date.

Persons: Andy Byford, Seth Moulton, Brianne Glover, Jody Berry, Berry, Biden, Troy Nehls Organizations: U.S, Texas Central, Amtrak, Fort Worth metroplex, Texas, Dallas, CNBC, University's Transportation Institute, Texas Supreme Court, Reason, U.S ., Japan Bank, International Cooperation, Speed Rail Authority Locations: Texas, Dallas, Houston, U.S, It's, Berry, Japan, California, Los Angeles, San Francisco

☆ Forget rust spots — handprints are the bigger headache for Tesla Cybertruck drivers
▼ + stars: | 2024-03-10 | by ( Erin Snodgrass | Grace Kay | ) www.businessinsider.com time to read: +9 min

Some Tesla Cybertruck owners noticed their new stainless steel vehicles have small rust specks. A few months after deliveries began, some members of a Cybertruck-owners forum started complaining about rust spots on the vehicle. After all, the Cybertruck is the first stainless steel vehicle to be produced since DMC made the stainless steel DeLorean and later halted production in 1982. The extra upkeep isn't entirely unexpected for experienced Tesla owners, many of whom have taken on the role of early adopters. If Tesla hits Musk's ambitious production targets for the Cybertruck, Tesla is likely to face less forgiving buyers, automotive analyst Ivan Drury told BI.

Persons: Tesla, —, You've, Donald Green, Wes Morrill, Elon Musk, Dennis Wang, didn't, Wang, Cybertruck, Morrill, Jay Larson, Larson, Win Cramer, we're, Cramer, Ivan Drury, Green Organizations: Service, Business, Facebook, DMC, DeLorean, YouTube, BI Locations: League City , Texas, Arizona, California

☆ President Biden signs $460 billion spending bill to avert a partial government shutdown
▼ + stars: | 2024-03-09 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

President Joe Biden on Saturday signed a $460 billion spending bill into law, averting a partial government shutdown that would have taken effect this weekend. On Friday evening, the Senate had voted 75 to 22 to approve the package after the House passed it earlier this week. This is the fourth time this fiscal year that Congress has had to pass a short-term spending bill to keep the government funded and avert a shutdown. Democrats have been pushing for the continued full funding of a special food assistance program for women, infants and children. They also secured wins on rent assistance and pay for infrastructure employees like air traffic controllers and railway inspectors.

Persons: Joe Biden, — CNBC's Rebecca Picciotto Organizations: Chamber, U.S, Capitol, Saturday, Republicans, Environmental Protection Agency, FBI, Alcohol, Tobacco, Firearms, Explosives Locations: Washington , U.S

☆ Heading platoons, repairing machines and doing twice as much: How the war has changed Ukrainian women
▼ + stars: | 2024-03-09 | by ( Svitlana Vlasova | ) edition.cnn.com time to read: +6 min

Before the war, having a young woman in charge of an all-male Ukrainian military unit might have given the troops pause. She works in a repair department of the Ukrainian Railways in the Poltava region. With women making up 40% of Ukrainian Railways’ employees, she is likely not the only one. Halyna Shevchenko, left, is among the Ukrainian women stepping up during the war to do what have traditionally been seen as "men's jobs." The company has also started training women to be boiler operators – a job women didn’t tend to do before the war.

Persons: Oksana Rubanyak’s, Rubanyak, It’s, ”, “, Halyna Shevchenko, Shevchenko, Natalia Teryakhina, didn’t Organizations: CNN —, CNN, Armed Forces of, ”, National Bank of Ukraine, Ukrainian Railways, Department of Information, Public Strategic Communications Locations: Ukrainian, Ukraine, Russia, Armed Forces of Ukraine, Bakhmut, –, Poltava

☆ Hong Kong's MTR says its recurrent business has more room to grow
▼ + stars: | 2024-03-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHong Kong's MTR says its recurrent business has more room to growJacob Kam, CEO of MTR says the Hong Kong railway operator is seeing a strong recovery in passenger numbers locally and in its Mainland China business.

Persons: Jacob Kam Organizations: Hong, MTR Locations: Hong Kong, Mainland China

☆ Congress unveils first six budget bills as government shutdown clock ticks
▼ + stars: | 2024-03-03 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

It was the fourth such funding extension this fiscal year, as Congress has struggled to settle on a long-term budget plan. This partial budget deal is a step forward in the push to secure a permanent budget plan for the rest of the fiscal year, which started Oct. 1. Still, leaders on both sides of the aisle are touting the first half of funding package as a win, though for different reasons. Meanwhile, Republicans are trumpeting victories on veterans' gun ownership and funding cuts to government agencies like the Environmental Protection Agency, the Federal Bureau of Investigation and the Bureau of Alcohol, Tobacco, Firearms and Explosives. Between now and the end of the week, the House must quickly pass and send the Senate this bipartisan package," Schumer said Sunday.

Persons: Charles Schumer, Mike Johnson, Chuck Schumer, Biden's, Schumer Organizations: U.S, Capitol, Congressional, Sunday, Congress, Democrats, Environmental Protection Agency, Federal Bureau of Investigation, Alcohol, Tobacco, Firearms, Explosives, Republicans, House, Caucus, Republican

☆ Why Warren Buffett thinks the power of compound interest is the key to his success
▼ + stars: | 2024-03-03 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett believes successful investing is like rolling a little snowball down a very long hill — the longer the hill, the bigger the snowball. The key is the power of compound interest , something Buffett often credits as the driving force behind his unmatched investment legacy. Compound interest describes the ability to earn not only interest on the principle but also reinvested interest on the interest. "The trick is to have a very long hill, which means either starting very young or living ... to be very old." For example, $10,000 with compound interest of 10% annually is worth almost $175,000 in 30 years, more than $450,000 in 40 years and $1.17 million in 50 years.

Persons: Warren Buffett, Buffett, Berkshire Hathaway Organizations: Oracle, Cities Service, Berkshire, BNSF Railway, Burlington Northern, Apple Locations: Omaha, Burlington Northern Santa Fe

☆ I took on the Yorkshire Three Peaks challenge with a group. Next time, I'll attempt this popular long-distance hike alone.
▼ + stars: | 2024-02-29 | by ( Annabel Lee | ) www.businessinsider.com time to read: +6 min

Read previewThe Yorkshire Three Peaks is a popular hike in England's Yorkshire Dales National Park. Along with my husband and two friends, I participated in the Yorkshire Three Peaks challenge, which calls on hikers to complete the 24-mile hike in under 12 hours. The experience was an endurance challenge, offering spectacular views, beautiful hill walking, and an incredible sense of achievement. Although we could've done a self-guided hike, we booked an organized walk so we wouldn't have to worry about navigation. AdvertisementThe Yorkshire Three Peaks challenge is a brilliant test of endurance that combines exertion with nature and serenity with popularity.

Persons: —, Annabel Lee, would've, I'm, I'd Organizations: Service, Business, Ingleborough Locations: England's Yorkshire, ghent, Yorkshire, Oxfordshire, Horton, Whernside, Ribblehead

☆ China's economy looks like a mess — but some sectors are quietly doing well in its '2-speed economy'
▼ + stars: | 2024-02-29 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

Meanwhile, its financial markets are bleeding, the property market has gone up in smoke, local government debt appears alarming, and foreign investors are exiting in droves. Real estate — which was a huge part of China's economy — has been hit badly, he said. AdvertisementTravel has picked up after years of pandemic lockdownServices is another pillar of China's economy that Beijing has been trying to build up. AdvertisementThis is in part because new growth industries are not able to take the place of real estate — yet. Because the property market accounts for one-quarter of China's GDP and more than two-thirds of household wealth, its overall drag on China's economy is much greater than whatever is doing well right now.

Persons: —, Rory Green, GlobalData.TS Lombard, AllianceBernstein, John Lin, Lin, Donald Trump's, Louise Loo, Wood Mackenzie, AllianceBerstein's Lin, Nomura, Loo Organizations: Service, Business, Bloomberg TV, Oxford Economics, Nomura, Oxford Locations: China, GlobalData.TS, Real, COVID, Beijing, Europe, Taiwan, South Korea

☆ I booked private rooms on overnight trains in Europe and the US. The more expensive ride was a better deal.
▼ + stars: | 2024-02-29 | by ( Joey Hadden | ) www.businessinsider.com time to read: +1 min

I booked a 30-hour overnight train ride in an Amtrak roomette in 2021. Two years later, I booked a private cabin on a European sleeper train for an 11-hour ride. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementI've taken six overnight trains in the US and Europe, sometimes cheaply with shared accommodations and, in other cases, more expensive, private cabins. I've found that the most comparable rides in each country were the Amtrak roomette and a private cabin on OBB Austrian Federal Railway's Nightjet train.

Persons: —, I've Organizations: Amtrak roomette, Service, Amtrak, OBB Austrian Locations: Europe

☆ Opinion: We must help Ukraine now or fight costlier wars later
▼ + stars: | 2024-02-28 | by ( Opinion Mark T. Esper | ) edition.cnn.com time to read: +8 min

Whether Congress chooses to provide the continued financial support Ukraine, Israel and Taiwan desperately need will go a long way toward answering this question. Secretary of Defense Mark Esper testifies during a House Armed Services Committee hearing on July 9 in Washington, DC. Without renewed US support, the arms pipeline to Ukraine will continue to dwindle over the coming months, directly impacting what happens on the battlefield. Politics must be set aside, and politicians who spurn allies, coddle autocrats and argue for American retrenchment should be ignored. Leadership is a heavy cross to bear, indeed, but the benefits of doing so — especially in the face of clear threats — will always outweigh the costs and favor the United States.

Persons: Mark, Esper, Trump, Russia resurges, Defense Mark Esper, Greg Nash, Vladimir Putin’s, Israel dismantles, Joe Biden, Anatolii Stepanov, Putin, Xi Jinping, coddle autocrats Organizations: Times, The McCain Institute, CNN, Defense, Armed, Funds, Communist, NATO, Ukraine, Taiwan Locations: Russia, Ukraine, United States, Israel, Taiwan, Washington , DC, Ukrainian, Avdiivka, Communist China, Kyiv, Moscow, Russian, Kostyantynivka, Donetsk, AFP, China, Japan, South Korea, Philippines, Washington, Iran, Afghanistan, East

☆ China unveiled new dragon-themed drillers that it hopes will build the world's 'longest undersea high-speed railway tunnel'
▼ + stars: | 2024-02-27 | by ( Matthew Loh | ) www.businessinsider.com time to read: +1 min

China just showed off its second dragon-themed tunneller, which it said will drill an undersea railway. It's touted by China as the world's longest undersea high-speed railway tunnel. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementChina's state-run railway giant on Monday revealed the second of its dragon-themed tunnel-boring machines for what it says is the longest undersea rail channel in the world. The Yongzhou machine, unveiled at China Railway Construction's Changsha facility, was given a "Dragon of Fortune" paint coat to commemorate the Year of the Dragon, per state media The People's Daily.

Persons: — Organizations: Service, China, Business Locations: China, Japan, Changsha

☆ I've lived in Luxembourg for almost a year. Here are 8 things the European city does better than the US.
▼ + stars: | 2024-02-27 | by ( Sydney Baker | ) www.businessinsider.com time to read: +1 min

Public transportation I've taken in Luxembourg always gets me where I need to go. I love public transportation, including the Niederkorn railway station. Sydney BakerPublic transportation might be my favorite perk of Luxembourg living. I now read for class, study languages, or just relax on the train on the way to campus. I've also saved money by not driving — and I still would've even if I had to pay for the buses and trains.

Persons: I've Organizations: Sydney Baker Locations: Luxembourg, Seattle

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