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Belarus rescues Putin from Moscow insurrection

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Heavily armed Russian mercenaries who advanced most of the way to Moscow began turning back, de-escalating a major challenge to President Vladimir Putin’s grip on power.

Yevgeny Prigozhin, a former Putin ally and founder of the Wagner army, said his men reached within 125 miles (200 km) of the capital.

In response, Moscow deployed soldiers in preparation for their arrival and told residents to avoid going out.

The Wagner fighters captured the city of Rostov hundreds of miles to the south before racing in convoy through the country, transporting tanks and armoured trucks and smashing through barricades set up to stop them, video showed.

Wagner fighters loaded tanks on trailers and began withdrawing from the Rostov military headquarters they had seized, a Reuters witness said.

Earlier

Russian military helicopters opened fire on a convoy of rebel mercenaries already more than halfway toward Moscow.

President Vladimir Putin vowed to crush an armed mutiny he compared to Russia’s Civil War a century ago.

Fighters from Yevgeny Prigozhin’s private Wagner militia were in control of Rostov-on-Don, a city of more than a million people close to the border with Ukraine, and were rapidly advancing northwards through western Russia.

A Reuters journalist saw army helicopters open fire at an armed Wagner column that was advancing past the city of Voronezh with troop carriers and at least one tank on a flatbed truck. The city is more than halfway along the 1,100-km (680-mile) highway from Rostov to Moscow.

President Putin’s plane was spotted leaving Moscow

Prigozhin, whose private army fought the bloodiest battles in Ukraine even as he feuded for months with the top brass, said he had captured the headquarters of Russia’s Southern Military District in Rostov after leading his forces into Russia from Ukraine.

In Rostov, which serves as the main rear logistical hub for Russia’s entire invasion force, residents milled about, filming on mobile phones, as Wagner fighters in armoured vehicles and battle tanks took up positions.

Russian support

One tank was wedged between stucco buildings with posters advertising the circus. Another had “Siberia” daubed in red paint across the front, a clear statement of intent to sweep across the breadth of Russia.

In Moscow, there was an increased security presence on the streets. Red Square was blocked off by metal barriers.

“Excessive ambitions and vested interests have led to treason,” Putin said in a televised address, comparing the insurrection at a time of war abroad to Russia’s revolution and civil war unleashed during World War One.

“All those who deliberately stepped on the path of betrayal, who prepared an armed insurrection, who took the path of blackmail and terrorist methods, will suffer inevitable punishment, will answer both to the law and to our people.”

A defiant Prigozhin swiftly replied that he and his men had no intention of turning themselves in.

https://twitter.com/ChristopherJM/status/1672578245772947456?s=20

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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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