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☆ A top JP Morgan strategist predicted in January that Biden would drop out. Here's what else was in that analyst's list of top 10 'surprises' to look out for in 2024.
▼ + stars: | 2024-07-22 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewJPMorgan Asset Management strategist Michael Cembalest was right on the money when he predicted that President Joe Biden would drop out from the 2024 presidential race. Cembalest, who chairs the company's market and investment strategy, made the prediction in his list of "top 10 possible surprises for 2024." "President Biden withdraws sometime between Super Tuesday and the November election, citing health reasons. Biden passes the torch to a replacement candidate named by the Democratic National Committee," Cembalest wrote. For one, Cembalest wrote in his list that "the driverless car backlash is coming."

Persons: —, Michael Cembalest, Joe Biden, Cembalest, Biden, Kamala Harris, Harris, Jake Sullivan, Christopher Cavoli, Cavoli Organizations: Service, Management, Business, Super, Biden, Democratic National Committee, Democratic Party, EV, Elon, Russia, US, Armed, Committee, Cembalest, JPMorgan Asset Management, BI Locations: Ukraine, Russia

☆ EU moves high-level meetings out of Budapest to protest Orbán’s Ukraine war stance
▼ + stars: | 2024-07-22 | by ( Caitlin Danaher | ) edition.cnn.com time to read: +3 min

“I can say that all member states, with one single exception, were very much critical about this behavior,” he added. “European Union policy is not a pro-war policy. Borrell’s decision comes after European Council President Charles Michel firmly hit back at Orbán’s claim that the EU has led a “pro-war policy” in a letter published last week. “Russia is the aggressor and Ukraine is the victim exercising its legitimate right to self-defense. Russia is leading a war of aggression in blatant violation of international law, Ukraine’s territorial integrity and sovereignty in accordance with the UN Charter,” Michel wrote.

Persons: Viktor Orbán, ” Borrell, “, ’, ” Borrel, Putin, Borrell’s, Charles Michel, ” Michel, Orbán, Vladimir Putin, Xi Jinping, Donald Trump, Orban, Ursula von der Leyen, ” Orban, Niamh Kennedy, James Frater, Amy Cassidy, Jennifer Hansler Organizations: London CNN, European Union, Union, European, EU, UN, Ukraine “, CNN Locations: Budapest, Brussels, Hungary, Ukraine, Hungary’s, Hungarian, Russia, Moscow, Beijing, Florida

☆ Ukraine war: European nations turn to conscription as threat of wider war with Russia grows
▼ + stars: | 2024-07-21 | by ( Radina Gigova | ) edition.cnn.com time to read: +12 min

Several European nations have reintroduced or expanded compulsory military service amid Moscow’s mounting threat, part of a range of policies aimed at boosting defenses that are likely to be scaled up even further. Compulsory military service was reintroduced on January 1 this year, after being abolished in 2006. In the UK, the Conservatives floated the idea of military service in their ill-fated election campaign. In Lithuania, for instance, opinions about military service among students vary, said Paulius Vaitiekus, president of Lithuania’s National Students’ Union. However as an alliance we do not prescribe mandatory military service,” Dakhlallah said.

Persons: ”, Robert Hamilton, Vladimir Putin “, Wesley Clark, we’ve, Clark, “, Arturs Pīlācis, Ints Kalnins, Jonas Gahr Støre, Jens Bartnes, ” Bartnes, Max Henrik Arvidson, Boris Pistorius, Thomas Frey, Sean Monaghan, Paulius Vaitiekus, Vaitiekus, Monaghan, Hamilton, it’s, ” Radebo, Mikael Sjoberg, Russia’s, Farah Dakhlallah, Dakhlallah, ” Dakhlallah, ” Monaghan, Donald Trump –, ” Clark Organizations: CNN, Foreign Policy Research Institute, US Army, Allied, Europe, NATO, ” Latvian, Reuters, European Union, Conservatives, Federal, of Defense, Eurasia Program, Center for Strategic, International Studies, Lithuania’s, ’ Union, Finnish Defence Forces, Swedish Armed Forces, Marinette, Ministry of Defense, Bloomberg, Getty Locations: Russia, Ukraine, Kyiv, Europe, Eurasia, Kosovo, Scandinavia, Latvia, ”, Riga, Norway, Norwegian, Germany, B'chel, Lithuania, Ukrainian, NATO, Finland, Soviet Union, Sweden, NATO’s, Swedish, Gotland, Visby, Moscow, Crimea

☆ Russian inflation will soar even higher as sanctions spark another surge in gas prices, British intelligence says
▼ + stars: | 2024-07-19 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

Russian inflation will likely rise after the nation hiked its gas prices, British Intelligence said. Russia raised domestic gas prices 11% at the start of July. Inflation in Russia has remained elevated since the Ukraine war, clocking in at 8% in June. AdvertisementRussian inflation will worsen after a sudden spike in gas prices, according to a new report from the UK intelligence. Domestic gas prices in Russia spiked 11% at the start of July, likely to make up for industry losses stemming from Western sanctions, the note said.

Persons: — Organizations: British Intelligence, Service, British Ministry of Defence, Business Locations: Russia, Ukraine

☆ Trump says he had ‘a very good phone call’ with Zelensky, discussed Russia-Ukraine war
▼ + stars: | 2024-07-19 | by ( Kristen Holmes | ) edition.cnn.com time to read: +3 min

CNN —Former President Donald Trump said he “had a very good phone call” with Ukrainian President Volodymyr Zelensky on Friday. It also comes amid concerns in Europe about what Trump’s policy toward the Russia-Ukraine war would be if he were to win the presidential election in November. “President Zelenskyy of Ukraine and I had a very good phone call earlier today. Trump and Zelensky also have their own history. Last week, when Zelensky was in the US, he said that “everyone is waiting for November,” including Putin.

Persons: Donald Trump, “, Volodymyr Zelensky, Trump, Zelenskyy, ” Trump, Zelensky, ” “, ”, ” Zelensky, Russia –, Joe Biden, Hunter, Putin, Biden, Kylie Atwood, Mariya Knight Organizations: CNN, White, Republican, Republican National Convention, Kyiv, NATO, Trump, White House, Ukraine Locations: Europe, Russia, Ukraine, United States, Pennsylvania, American, Kyiv, Washington

☆ Germany's plan to halve military aid to Ukraine is a gift to Trump, expert says
▼ + stars: | 2024-07-19 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Read previewA draft budget approved by Germany's government shows the country is planning to halve its military aid to Ukraine next year. The draft budget slashes the amount promised to Ukraine to $4.35 billion in 2025, compared to the roughly $8.14 billion it is receiving this year, Reuters reported. There are fears that Trump will scale back or even totally halt US aid to Ukraine. Germany is the second-biggest donor country by volume of military aid to Ukraine and is Europe's biggest economy. As such, the draft budget is a "moral hazard" for the country, Loss said.

Persons: —, Christian Lindner, Lindner, Rafael Loss, Donald Trump, Mary, Trump, he's, MAGA, JD Vance, there's, Olaf Scholz, Scholz Organizations: Service, Reuters, German, Business, European Council, Foreign Relations, Ukraine, Politico, Trump Loss, NATO Locations: Ukraine, Germany, Berlin, Europe

☆ Pentagon leaker Jack Teixeira to face military court martial charges
▼ + stars: | 2024-07-18 | by ( Haley Britzky | ) edition.cnn.com time to read: +3 min

CNN —Massachusetts Air National Guardsman Jack Teixeira, who in March pleaded guilty in a civilian court to willfully retaining and leaking classified intelligence, is now facing charges in military court, the Air Force announced. Teixeira — who was arrested last April after allegedly sharing classified intelligence on the social media platform Discord — is being charged with disobeying a direct order and obstructing justice under the Uniform Code of Military Justice, an Air Force spokesperson said. The Air Force requested the new charges against Teixeira in May and the charges were officially referred on July 2. CNN has previously reported that three internal Air Force memos revealed multiple instances in which his leadership observed and warned that he was inappropriately accessing classified information. His court martial trial will be held at Hanscom Air Force Base, Massachusetts, the Air Force spokesperson said, but the date has yet to be determined.

Persons: Jack Teixeira, Teixeira —, Teixeira, ”, Rachel VanLandingham, “ He’s, he’ll, squish, VanLandingham, “ They’re, 102nd Intelligence Wing — Organizations: CNN, Massachusetts Air National, Air Force, Military Justice, The Air Force, Air Force National Guard, Force, ” CNN, Hanscom Air Force Base, US Air Force, Southwestern Law School, 102nd Intelligence Locations: Russia, Ukraine, Massachusetts

☆ When does JD Vance speak tonight? The new heir to Trump’s MAGA movement steps into the spotlight
▼ + stars: | 2024-07-17 | by ( Steve Contorno | ) edition.cnn.com time to read: +10 min

“It’s very clear that Trump wants someone who can carry the movement on,” a person close to Trump told CNN said of the Vance selection. The two became close friends, a relationship that helped Vance earn Trump’s endorsement in a contested primary for an open Ohio Senate seat. As a senator, Vance quickly won over the thought leaders of Trump’s populist movement. Vance and Trump Jr. embraced on the convention stage Tuesday afternoon as they prepared for their moments in the spotlight. Challenges certainly remain for Vance to maintain his position as next in line to the throne in Trump’s party.

Persons: Sen, JD Vance, Donald Trump’s, – Vance, Vance, MAGA, “ Mr, ”, Trump, Mike Pence, “, Vance shouldn’t, Trump’s, Doug Burgum, Marco Rubio, Jack Posobiec, George Bush, ” Vance, Donald Trump Jr, reconsidering, Ohio State University and Yale Law –, Tucker Carlson, Steve Bannon –, ” Bannon, Carlson, “ I’ve, Donald Trump, JD, Kat Cammack, doubters, Nikki, Haley, Black, Mike DeWine, Pence, Vance “, Ronald Reagan, George Herbert Walker Bush, Scott Walker, Michelle Crawford, ” Crawford, Ron DeSantis, DeSantis, ” Posobiec, could’ve, would’ve, ” John Fredericks, Glenn Youngkin, ” Fredericks, “ Trump, Jeff Zeleny, Alayna Treene Organizations: CNN, Republican, Convention, Gettysburg, Ohio State, Trump, North Dakota Gov, Marines, Ohio State University and Yale Law, Conservative, Capitol –, Politico, Trump Jr, Senate, Republicans, GOP, Wisconsin Gov, “, Iowa Federation of Republican Women Locations: Milwaukee, Ohio, Michigan, Washington, America, Russia, Ukraine, Florida, Trump, Iowa, Virginia

☆ Pushing Quick End to Ukraine War, Orban Plays Trump’s Messenger to E.U.
▼ + stars: | 2024-07-16 | by ( Matina Stevis-Gridneff | ) www.nytimes.com time to read: +1 min

After meeting with Donald J. Trump at his Mar-a-Lago home on Thursday, Prime Minister Viktor Orban of Hungary wrote to a top E.U. official to say that Mr. Trump had told him he was planning a swift push for a peace deal between Russia and Ukraine. Mr. Trump’s view, the letter explained, was that the war had to end, and that he had specific plans to broker this outcome quickly, even before being inaugurated, if he were elected. It did not offer details about how Mr. Trump would end the intractable war, now in its third year, other than to indicate that he would reduce American financial support for Ukraine. Mr. Orban is closely aligned with Mr. Trump and is the fiercest critic-from-within of the European Union’s staunch backing of Ukraine.

Persons: Donald J, Trump, Viktor Orban, Hungary, Trump’s, Orban Organizations: The New York Times, Mr Locations: Russia, Ukraine

☆ Running mates usually balance the ticket. By choosing JD Vance, Trump flipped the script and chose a mini-me.
▼ + stars: | 2024-07-16 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +5 min

Read previewFormer President Donald Trump's veepstakes concluded with him choosing Sen. JD Vance of Ohio as his running mate. AdvertisementInstead, Trump has chosen a mini-me and a populist protégé, flipping the script on a common political practice he seemed to subscribe to in 2016. Balancing the ticketPresident Joe Biden's selection of Vice President Kamala Harris is a notable example of balancing the ticket. Even Trump, in selecting former Vice President Mike Pence, appeared to be trying to balance the 2016 ticket. But this time, instead of seeking balance, Trump chose a candidate in his own image, doubling down on the MAGA brand with a loyalist.

Persons: —, Donald Trump's veepstakes, Sen, JD Vance, Ohio, Trump, Joe Biden's, Kamala Harris, Biden, Harris, Barack Obama's, Mike Pence, Trump's, MAGA, Vance, they're, Trumpism Organizations: Service, Business, Israel, Trump, Ohio, Democratic Locations: Ukraine, China, Appalachia, Ohio

☆ Russia Sentences U.S. Journalist in Absentia for Ukraine War Comments
▼ + stars: | 2024-07-15 | by ( Neil Macfarquhar | ) www.nytimes.com time to read: +1 min

A Moscow court on Monday sentenced in absentia Masha A. Gessen, the Russian-born American journalist, author and New York Times staff member, to eight years in prison over comments they made about atrocities that the Russian military has been accused of committing in Ukraine. Gessen, who lives in the United States and uses the pronoun they, in August over a 2022 interview they gave to Yuri Dud, a popular online Russian journalist. The corpses of at least 400 civilians were found in Bucha after Russian forces retreated from the city. Gessen guilty of spreading “false information” about the Russian military, an all-too-common tactic against critics as the Kremlin uses the courts to suppress any information about the war that diverges from the official version. Russia has accused Ukraine and its Western allies of staging the Bucha massacre.

Persons: Masha A, Yuri Organizations: New York Times, YouTube, Kremlin Locations: Moscow, Russian, Ukraine, United States, Ukrainian, Bucha, Russia’s Basmanny, Russia

☆ From Exile in London, a Crime Novelist Works to Transform Russia
▼ + stars: | 2024-07-14 | by ( Neil Macfarquhar | ) www.nytimes.com time to read: +1 min

The Kremlin recently labeled the author — who went into self-imposed exile in London a decade ago — a “terrorist” and effectively banned his works. When President Vladimir V. Putin ordered the invasion of Ukraine in February 2022, Mr. Akunin wrote on Facebook, “Russia is ruled by a psychologically deranged dictator and worst of all, it obediently follows his paranoia.” At that time, he began contemplating how cultural figures fleeing abroad might still reach their domestic audience and perhaps help to spur change at home. Being cut off from his own readers lent the project special urgency. “I have to say, the amount of work and writing I’ve been doing over these two terrible years, never in my life have I written so much,” he told the audience members, who laughed when he said that a writing binge trumped a drinking binge. “It is a form of escapism.”

Persons: Boris Akunin, “, ” Mr, —, ”, Vladimir V, Putin, Akunin, obediently, I’ve Organizations: Russian Army, Facebook Locations: London, Ukraine, Russia

☆ Russia's showing NATO its hand in the air war over Ukraine
▼ + stars: | 2024-07-13 | by ( Sinéad Baker | Jake Epstein | ) www.businessinsider.com time to read: +21 min

Experts told Business Insider the Ukraine war has underscored how some elements of modern air combat are radically changing. And in fights like Desert Storm and the Iraq War, the West established air superiority by taking out its opponent's air defenses. The Russian air force can't meet Western air forces air to air in a major attack without being "shot to pieces," Bronk said. "Nobody really wants an air war with Russia," said John Baum, a Mitchell Institute expert and retired US Air Force lieutenant colonel. "It is not a highly desirable thing, I think, from either side, to want to have this air war."

Persons: It's, Justin Bronk, hasn't, DIMITAR DILKOFF, Bronk, Andrew Curtis, Mark Cancian, Guy Snodgrass, Hoshang, Giorgio Di Mizio, David Allvin, it's, James Hecker, NATO hadn't, " Hecker, that's, Maxim Shemetov, Fabian Hinz, Riivo Valge, Mattias Eken, They're, Paula Bronstein, Anthony Sweeney, US Army Cancian, REUTERS Lockheed Martin, Timothy Wright, disaggregation, Schmuelgen Jarmo Lindberg, Evelyn Hockstein Valge, John Baum Organizations: Kyiv, NATO, Business, Royal United Services Institute, Western, Getty, US Air Force, Storm, Marine, Center for Strategic, International Studies, Russian Defense Ministry Press, AP Russia, AP, Hudson Institute nonresident, International Institute for Strategic Studies, REUTERS, RAND Corp, Patriots, US Army, West, Patriot, Ukraine, REUTERS Lockheed, Finnish Defense Forces, Eurofighter Typhoons, Mitchell Institute Locations: Ukraine, Russia, Russian, AFP, Iraq, Europe, West, Afghanistan, Baltic, Western Europe, Estonian, Finnish, Finland, Washington

☆ NATO just accused China of enabling Russia's invasion of Ukraine for the first time
▼ + stars: | 2024-07-11 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

Read previewNATO on Wednesday accused China of being "a decisive enabler of Russia's war against Ukraine" and demanded that it stop aiding Moscow's military or face the consequences. In the alliance's Washington Summit declaration, published before a White House dinner with its leader, it called on China "to cease all material and political support to Russia's war effort." The strongest rebuke yetJens Stoltenberg, NATO's secretary-general, described the language as the "strongest message NATO allies have ever sent on China's contributions to Russia's illegal war against Ukraine." In response, China has said it is not a party to the Ukraine war and that there should be no interference with trade between China and Russia. Speaking at a press briefing on Thursday, Chinese foreign ministry spokesperson Lin Jin said "NATO hyped up China's responsibility" in Russia's invasion of Ukraine, according to Reuters.

Persons: —, Natalie Sabanadze, Jens Stoltenberg, NATO's, Lin Jin, Lin, Alexander Stubb, Xi Jinping, Stubb, Jake Sullivan, Biden Organizations: Service, Wednesday, Business, Chatham House, New York Times, NATO, Ukraine, Reuters, The Times, Bloomberg Locations: China, Ukraine, Washington, Russia, Europe, London, Beijing, NATO, United States

☆ NATO allies are discussing reclaiming some Chinese-owned infrastructure in Europe
▼ + stars: | 2024-07-11 | by ( Kayla Tausche | Kylie Atwood | ) edition.cnn.com time to read: +5 min

CNN —NATO officials are discussing taking action to reclaim some Chinese-owned infrastructure projects in Europe should a wider conflict with Russia break out in the east of the continent, three officials involved in the discussions told CNN. A decade ago, when Europe was still crawling out of the economic crater caused by the global financial crisis, the promise of infrastructure funding from Chinese-owned investment firms seemed like a major windfall. The fear, according to one US official, is that Beijing could use the infrastructure it owns in Europe to provide material assistance to Russia if the conflict were to expand. The discussions reflect an increasing focus on China by the NATO alliance. A NATO official said that if a war erupted, the infrastructure “would almost certainly be nationalized, or nations would temporarily assume operating control, under emergency security measures.

Persons: Antony Blinken, Kishida, ” Blinken, Jens Stoltenberg, CNN’s Natasha Bertrand Organizations: CNN, NATO, Washington, Moscow, Beijing, Initiative, Helsinki Shipyard –, US, Ukraine, European Union Locations: Europe, Russia, Ukraine, Beijing, China, NATO, Eastern Europe, Baltic, Finland, Canada, Japan, East Asia, South Korea, Australia, New Zealand, France, Washington

☆ NATO allies are chasing new long-range weapons to fill a critical missile gap as the US plans deep-strike deployments
▼ + stars: | 2024-07-11 | by ( Ella Sherman | Chris Panella | ) www.businessinsider.com time to read: +5 min

Read previewSeveral NATO allies have agreed to a plan to develop new long-range missiles that are intended to fill capability gaps that have become increasingly noticeable as Russia wages its war in Ukraine. The new initiative among these NATO allies is focused on developing ground-launched cruise missiles with ranges is excess of 500 kilometers. In both cases, the shift toward improving long-range capabilities on European soil further signals NATO's understanding of critical gaps in its arsenal highlighted by the Ukraine war. Responding to US plans to deploy deep-strike capabilities in Germany, among other NATO actions, Kremlin spokesperson Dmitry Peskov said: "This is a very serious threat to the national security of our country." "All of this," he said, "will require us to take thoughtful, coordinated, effective responses to deter NATO, to counteract NATO."

Persons: —, Sebastien Lecornu, Lecornu, Zachary Anderson, 🇫🇷🇩🇪 🇮🇹🇵🇱 pou, ike o ptions, sian, ike, ona Organizations: Service, NATO, Business, French, US Navy, Reuters, kr, rit Locations: Russia, Ukraine, Germany, France, Poland, Italy, Europe, guerre, à Washington

☆ NATO condemns China as a 'decisive enabler' of Russia's war in Ukraine in sternest rebuke to date
▼ + stars: | 2024-07-11 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

In NATO's most serious denunciation of China to date, the military coalition labeled Beijing a "decisive enabler" of Russia in its ongoing war in Ukraine and expressed concerns over its nuclear arsenal and "systemic challenges" to the coalition's security. "The PRC has become a decisive enabler of Russia's war against Ukraine through its so-called 'no limits' partnership and its large-scale support for Russia's defence industrial base," a NATO communique said Wednesday, on the second day of a Washington summit celebrating the alliance's 75th anniversary. Earlier this week, Beijing started joint military exercises with Russia's close ally Belarus at a training ground mere miles away from the Polish border, the Belarusian Defense Ministry said in a Google-translated Telegram post. On the February 2023 first-year anniversary of the Ukraine war, China — which a month later successfully capitalized on goodwill earned as a trade partner to broker a reconciliation between arch-enemies Iran and Saudi Arabia — pitched a peace framework for the conflict between Moscow and Kyiv. It, like Ukrainian President Volodymyr Zelenskyy's peace plan and Kremlin leader Vladimir Putin's own recent conditions to ignite diplomatic negotiations, has so far failed to gain traction.

Persons: Xi Jinping, Russia's, Saudi Arabia —, Volodymyr Zelenskyy's, Vladimir Putin's Organizations: NATO, West, Belarusian Defense Ministry Locations: China, Beijing, Russia, Ukraine, Washington, Moscow, Belarus, Polish, Iran, Saudi Arabia, Kyiv

☆ NATO is taking greater control of Western efforts to back Ukraine's fight as US politics raise questions about its reliability
▼ + stars: | 2024-07-11 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

Read previewNATO is moving forward with a new initiative that will see it take greater control over Western efforts to arm and train Ukraine's military. The move comes as the alliance aims to solidify the long-term support for Kyiv as it battles the Russian invasion. Growing concern about the potential change in US leadership has hung over the highly consequential NATO summit in Washington this week. Ukraine's President Volodymyr Zelenskyy and US President Joe Biden at the 2024 NATO summit. "There are 32 countries in the alliance," the NATO official who spoke on the condition of anonymity said Thursday.

Persons: —, Donald Trump —, Donald Trump, NICHOLAS KAMM, Volodymyr Zelenskyy, Joe Biden, Susan Walsh, Trump, Ivo Daalder, Laurynas Organizations: Service, Kyiv, NATO, Ukraine —, Business, Wednesday, Assistance, Training, White, Getty, Ukraine Defense Contact, AP, Ukraine, Russian, Trump, Wall Street, Kiel Institute, Politico, Republican, Democratic Locations: Russian, Ukraine, Washington, Germany, Poland, Romania, Slovakia, Kyiv, Russia, Europe, NATO

☆ Russia would need to spend 6% of its entire 2024 budget to pay wounded soldiers and families of dead troops, 2 researchers estimate
▼ + stars: | 2024-07-11 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

That's about 6% of Russia's total budget for 2024, which is 36.6 trillion rubles, or $414 billion. They arrived at a total of 400,000 wounded or dead, including 100,000 soldiers killed. AdvertisementThe cost of the one-time payments would be a "staggering amount," they wrote. Still, it's not clear if Russia has consistently been rolling out its one-time payments to its wounded or its deceased soldiers' next-of-kin. Russia plans to spend nearly a third of its total 2024 budget on defense, or about 10.8 trillion rubles, which is $122 billion.

Persons: —, Thomas Lattanzio, Harry Stevens, Stevens, it's Organizations: Service, Johns Hopkins School, International Studies, Center, National, Business, Lattanzio, Russian Ministry of Defense, Radio Free, Independent, Carnegie Endowment, International Peace's, Eurasia Center Locations: Ukraine, Russia, Russian, Moscow, Independent Russian, International Peace's Russia

☆ NATO allies call China a ‘decisive enabler’ of Russia in Ukraine war as bloc eyes Asia security threats
▼ + stars: | 2024-07-11 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

Hong Kong CNN —China is a “decisive enabler” of Russia’s war against Ukraine, NATO leaders said Wednesday, as the defense alliance hardens its stance on Beijing and the “systemic challenges” they say it poses to their countries’ security. For the third consecutive year, leaders of New Zealand, Japan and South Korea attended the NATO leaders’ summit in another sign of closer ties between the bloc and those countries, as well as Australia. NATO’s increasing focus on AsiaThe NATO leaders’ declaration is the latest step in what has been the bloc’s gradual hardening of tone on China in recent years. NATO leaders first mentioned the need to jointly address “opportunities and challenges” posed by China in a 2019 declaration, before moving to refer to “systemic challenges” the country poses in 2021. “The Indo-Pacific is important for NATO, given that developments in that region directly affect Euro-Atlantic security,” the leaders said in their declaration.

Persons: ”, Joe Biden, China’s, “, Xi Jinping, Vladimir Putin, Sergei Bobylov, –, Putin, Kim Jong Un Organizations: Hong Kong CNN, NATO, US, ’, Getty Images China, Union, European Union, EU, Wednesday, North Locations: China, Hong Kong, Ukraine, Beijing, Washington, Russia, Moscow, North America, Europe, Asia, New Zealand, Japan, South Korea, Australia, Russian, ”, North Korea, Iran, Pyongyang, Tehran, North, Pacific

☆ As NATO meets, leaders look to 'Trump-proof' the military alliance
▼ + stars: | 2024-07-10 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

US President Donald Trump arrives for the NATO summit at the Grove hotel in Watford, northeast of London on December 4, 2019. U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky speak during a meeting in New York on September 25, 2019. Hanno Pevkur, Estonia's defense minister, emphasized that NATO allies did not interfere in each other's domestic politics and democratic processes. So when, when the choice of American people is Donald Trump, then it's Donald Trump. Then all the countries in the world, including Estonia, including the NATO allies, have to talk with this administration who will be put in place."

Persons: Donald Trump, Christian Hartmann, Trump, Recep Tayyip Erdogan, Peter Nicholls, Jens Stoltenberg, Stoltenberg, Joe Biden's, —, Volodymyr Zelensky, Saul Loeb, Donald Trump's, Keir Starmer, Starmer, we've, that's, Radosław Sikorski, CNBC's Steve Sedgwick, Hanno Pevkur, It's, France —, Balázs Orbán, Viktor Orbán Organizations: NATO, AFP, Getty, Republican, Ukraine, Eurasia Group, Trump, Ukrainian, Independent, CNBC, Hungary's Locations: Grove, Watford, London, Washington, Ukraine, China, North Korea, Iran, Britain, New York, Europe, Russia, Estonia, United States, Germany, Canada, France, Poland

☆ Polish foreign minister discusses Russia-Ukraine war and NATO
▼ + stars: | 2024-07-10 | 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 EmailNATO needs to 'stay the course' until Putin decides Ukraine invasion was a mistake: Polish ministerRadoslaw Sikorski, Polish foreign minister, says "we need to stay the course until he decides that a) the invasion was a mistake b) that he cannot achieve his objectives at an acceptable price."

Persons: Putin, Radoslaw Sikorski Organizations: NATO Locations: Ukraine

☆ The US economy faces a new threat
▼ + stars: | 2024-07-10 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

‘The labor market may be turning’To be clear, the jobs market is by no means imploding. Powell highlighted these changes, telling lawmakers that recent indicators “send a pretty clear signal that labor market conditions have cooled considerably” from two years. The current risk is that the Fed is injecting inflation-fighting medicine into an economy that no longer needs it. “A balanced labor market with too restrictive rates from the Fed will not remain balanced for long,” Brusuelas said. “Equally as worrisome for the Fed should be the potential for a sharper deterioration in the labor market and economic activity.

Persons: it’s, ”, Joe Brusuelas, Mark Zandi, ” Zandi, “, Jerome Powell, ” Powell, Jobs, Powell, ” Brusuelas, Ken Kim, Kim, ” Kim, Donald Trump’s, Zandi, Fed Organizations: New, New York CNN, Federal, RSM, “, Moody’s, Fed, CNN, KPMG Locations: New York, Russia, Ukraine

☆ Russia pledges to discharge Indians fighting for Moscow in Ukraine, New Delhi says
▼ + stars: | 2024-07-10 | by ( Helen Regan | ) edition.cnn.com time to read: +4 min

CNN —Russia has promised to discharge Indian nationals who were “misled” into joining its army to fight in Ukraine, India’s foreign secretary said Tuesday. “The Russian side promised the early discharge of all Indian nationals from the service of the Russian army,” he said. “The trafficked Indian Nationals were trained in combat roles and deployed at front bases in Russia-Ukraine War Zone against their wishes,” the CBI statement said. In neighboring Nepal, lawmakers have called on the Russian authorities to provide figures for its nationals fighting in Ukraine. The Russians position themselves a few hundred meters back as support,” said Suman Tamang, after he returned from Russia.

Persons: ”, Narendra Modi “, Vladimir Putin, Vinay Mohan Kwatra, Putin, Bimala Rai Paudyal, Kwatra, “, ” Kwatra, Imran Mohammad, Asfan Mohammed, Asfan, ” Imran, Suman Tamang, Ramchandra Khadka, ” Khadka Organizations: CNN, Indian, Indian Ministry, Russian, Kremlin, India’s, Bureau of Investigation, Indian Nationals, CBI Locations: Russia, Ukraine, Russian, Moscow, New Delhi, South Asia, Nepal, India, Indian, Hyderabad, Bakhmut –

☆ Russia rebuilt its war machine 'faster than we expected' and is now cranking out artillery shells at a breakneck pace, NATO defense official says
▼ + stars: | 2024-07-09 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewRussia has successfully rebuilt its "war-stage" economy much faster than expected, and it is now cranking out far more artillery ammunition than it was prior to the beginning of the Ukraine war, a NATO defense chief said Tuesday. Before Russia's full-scale invasion of Ukraine in February 2022, Moscow was producing up to 400,000 152mm rounds per year. But that figure has since swelled to 2 million rounds annually, according to Laurynas Kasčiūnas, Lithuania's minister of national defense. Russian Defense Ministry Press Service via APDespite international efforts to inflict economic pain on Russia over its war, through actions like sanctions, Kasčiūnas said Moscow's "war-stage economy" has recovered "faster than we expected." Dmytro Smolienko / Ukrinform/Future Publishing via Getty ImagesKasčiūnas delivered his remarks alongside Estonian Defense Minister Hanno Pevkur and Latvian Defense Minister Andris Sprūds.

Persons: —, Laurynas, Kasčiūnas, Vladimir Putin, Putin, Dmytro Smolienko, Hanno Pevkur, Andris Sprūds Organizations: Service, NATO, Business, POLITICO, Russian Defense Ministry Press Service, —, Publishing, Getty, Estonian Defense, Latvian Defense Locations: Russia, Ukraine, Moscow, Soviet, Washington ,, Europe, Zaporizhzhia Region, Baltic

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