Yevgeny Prigozhin, the owner of the Wagner Group military company, arrives during a funeral ceremony at the Troyekurovskoye cemetery in Moscow, Russia, Saturday, April 8, 2023. AP Tensions have emerged this week between the Kremlin and the head of Russian private military company, the Wagner Group, as President Vladimir Putin […]
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‘A war for water’: Europe sounds the alarm on water stress ahead of another extreme summer
A view of the practically empty swamp that supplied water to Fuente obejuna village in Cordoba, Spain on May 19, 2023. Anadolu Agency | Anadolu Agency | Getty Images European lawmakers issued a stark warning about the region’s growing water crisis ahead of another extreme summer, saying there is a […]
Blinken to fly to Beijing for high-stakes diplomacy after spy balloon saga
U.S. Secretary of State Antony Blinken boards his plane for travel to Berlin at Joint Base Andrews, Maryland, June 22, 2021. Andrew Harnik | Pool | Reuters BEIJING — U.S. Secretary of State Antony Blinken is set to travel to Beijing this weekend in his first trip to China under […]
China’s VCs look to the Middle East for a U.S. dollar lifeline
Saudi Foreign Minister Faisal bin Farhan al-Saud (C-R) and Vice Chairman of the Chinese People’s Political Consultative Conference (CPPCC) Hu Chunhua attend 10th Arab-China Business Conference in Riyadh, on June 11, 2023. Fayez Nureldine | Afp | Getty Images BEIJING — Venture capitalists in China that once relied on U.S. […]
Alibaba founder Jack Ma is ‘alive’ and ‘happy,’ top exec says after China’s tech crackdown
Alibaba founder Jack Ma is “happy,” according to the company’s President Michael Evans. Te comments come as speculation about the billionaire’s activities continues following China’s crackdown on Ma’s empire. Costfoto | Future Publishing | Getty Images PARIS — Alibaba founder Jack Ma is “alive” and “happy,” the Chinese e-commerce giant’s […]
Ukraine’s counteroffensive has been underwhelming so far — but it’s low key for a reason
Ukrainian servicemen ride atop an armored personnel carrier vehicle in the Zaporizhzhia region on June 11, 2023. Anatolii Stepanov | Afp | Getty Images When Ukraine’s counteroffensive started last week there was no fanfare or official announcement, but that wasn’t entirely unexpected. Kyiv had repeatedly insisted in the months up […]
China’s economic recovery is stalling. Here’s what to expect next
A raft of weak Chinese economic data in May has raised hopes of decisive policy intervention. Market watchers are anticipating the next steps from China’s State Council and a Politburo meeting in July, during which the Communist Party’s top brass will review the country’s economic performance in the first half […]
‘Is this real?’ JPMorgan court filing shows Frank employees questioned stats before acquisition
Charlie Javice, who is charged with defrauding JPMorgan Chase & Co into buying her now-shuttered college financial aid startup Frank for $175 million in 2021, arrives at United States Court in Manhattan in New York City, June 6, 2023. Mike Segar | Reuters Employees of a startup purchased by JPMorgan […]
Cramer explains how four different camps of buyers see mixed messages in the Fed’s rate strategy
CNBC’s Jim Cramer on Thursday explained four different schools of thought in examining the mixed messages they took from Wednesday’s Federal Reserve meeting. While the Fed chose not to hike up rates in the short term, it hinted at more hikes later this year. Cramer noted that while investors have […]
BlackRock files for spot bitcoin ETF, with Coinbase as a crypto custodian
Bitcoin is up 50% so far in 2023, beating major commodities and stock indexes. Filip Radwanski | Sopa Images | Lightrocket | Getty Images Asset management giant BlackRock took the first steps Thursday to launch a spot bitcoin exchange-traded fund, which has long been a point of contention between crypto […]