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REVENGE | Putin vows strong action as mutiny leader denies coup attempt

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The head of Russia’s Wagner mercenary group says he never intended to overthrow the government.

It comes as Russian President Vladimir Putin thanked Wagner fighters who stood down.

Wagner head Yevgeny Prigozhin gave few clues about his own fate, including his whereabouts, or the deal under which he halted a move toward Moscow.

Putin made a televised address on Monday, his first public comments since Saturday when he said the rebellion put Russia’s very existence under threat and that those behind it would be punished.

He thanked the mercenary commanders and soldiers who avoided bloodshed and said he would honour his promise to allow Wagner forces to relocate to Belarus.

Putin met with the heads of Russian security services, including Defence Minister Sergei Shoigu.

One of Prigozhin’s principal demands had been that Shoigu be sacked, along with Russia’s top general, who by Monday evening had yet to appear in public since the mutiny.

Wagner mercenary chief Yevgeny Prigozhin leaves the headquarters of the Southern Military District amid the group’s pullout from the city of Rostov-on-Don, Russia.

Where is Prigozhin?

Last seen on Saturday night smiling and high-fiving bystanders from the back of an SUV as he withdrew from a city occupied by his men, Prigozhin said his fighters had halted their campaign in order to avert bloodshed.

“We went as a demonstration of protest, not to overthrow the government of the country,” Prigozhin said in an 11-minute audio message.

He said his goal was to prevent his Wagner militia’s destruction, and to force accountability on commanders who had botched Russia’s military campaign in Ukraine. He said his fighters did not engage in ground combat in Russia, and regretted having to shoot down Russian aircraft that fired on them.

“We halted at the moment when the first assault unit deployed its artillery (near Moscow), conducted reconnaissance and realised that a lot of blood would be spilled.”

The White House said it could not confirm whether the Wagner chief was in Belarus.

‘NOTHING TO DO WITH IT’

Prigozhin shocked the world by leading Saturday’s armed revolt, only to abruptly call it off as his fighters approached the capital having shot down several aircraft but meeting no resistance on the ground during a dash of nearly 800 km.

Russia’s three main news agencies reported that a criminal case against Prigozhin had not been closed, an apparent reversal of an offer of immunity publicised as part of the deal that persuaded him to stand down.

U.S. President Joe Biden called the mutiny “part of a struggle within the Russian system”. He discussed it in a conference call with key allies who agreed it was vital not to let Putin blame it on the West or NATO, he said.

“We made it clear that we were not involved. We had nothing to do with it,” Biden said.

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U.S. approves Nvidia H200 chip exports to China amid tensions

U.S. approves Nvidia’s H200 AI chip exports to China, balancing security with tech collaboration amid ongoing tensions.

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U.S. approves Nvidia’s H200 AI chip exports to China, balancing security with tech collaboration amid ongoing tensions.


The U.S. Commerce Department has approved exports of Nvidia’s H200 AI chips to China, signaling a cautious compromise in the ongoing technology standoff between the two countries. This decision reflects efforts to balance national security concerns with continued technological collaboration.

Nvidia shares jumped 2% following the announcement, showing investor optimism about the move. Analysts are closely watching how Chinese firms will respond and whether they will aggressively pursue these high-performance AI chips.

Despite the approval, concerns remain about the potential military applications of AI technology. Officials emphasize that the decision aims to protect U.S. interests while navigating complex international tech dynamics.

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#Nvidia #AIChips #ChinaTech #USChina #TechTensions #Semiconductors #H200 #InvestorNews


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Fed faces challenges ahead of Trump’s nominee as rate decisions loom

Fed faces critical leadership transition as Trump nominates new chair amid economic uncertainty and potential rate cut discussions.

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Fed faces critical leadership transition as Trump nominates new chair amid economic uncertainty and potential rate cut discussions.


The U.S. Federal Reserve is entering a critical period as it prepares for President Donald Trump’s upcoming nominee to lead the central bank. Markets are closely watching how the Fed will navigate this leadership transition amid ongoing economic uncertainty.

The Fed’s two-day meeting could result in a modest quarter-percentage-point rate cut. However, future policy decisions will hinge on key economic projections and inflation trends, leaving analysts debating how much room the central bank really has to maneuver.

Trump is pushing for lower interest rates to boost the housing market before the midterms, but this could complicate the next Fed chair’s path. Data delays from the recent government shutdown may also affect the Fed’s decision-making this week, adding another layer of uncertainty.

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#FederalReserve #InterestRates #TrumpNominee #EconomicPolicy #Inflation #RateCut #HousingMarket #MarketUpdate


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Paramount makes $108B hostile bid for Warner Bros Discovery

Paramount’s $108.4B bid for Warner Bros reshapes media landscape, likely facing antitrust hurdles amid board’s Netflix preference.

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Paramount’s $108.4B bid for Warner Bros reshapes media landscape, likely facing antitrust hurdles amid board’s Netflix preference.


Paramount has launched a staggering $108.4 billion hostile bid to acquire Warner Bros Discovery, shaking up the media landscape. The proposal, supported by Jared Kushner’s investment firm and Middle Eastern funds, offers $18 billion more in cash than Netflix’s recent $72 billion deal for the same assets.

Warner Bros’ board is currently reviewing the Paramount offer but continues to recommend the Netflix deal. Analysts warn that a merger of this scale could face intense antitrust scrutiny, potentially delaying or even blocking the deal.

Paramount argues that its acquisition would boost competition and provide stronger support for the creative community, promising a new chapter in Hollywood consolidation.

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#Paramount #WarnerBros #HostileBid #MediaMerger #Netflix #HollywoodNews #Mergers #EntertainmentNews


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