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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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Rate cuts ahead? US stocks bounce as inflation cools

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Investor sentiment is improving as fresh data out of the US and Australia shifts expectations for central bank action.

Stronger-than-expected labour market figures in Australia have raised questions about whether the Reserve Bank will move ahead with a rate cut next week. While the RBA has signalled it is watching data closely, the resilience in employment may force a delay.

Meanwhile, in the US, softer inflation data has lifted hopes that the Federal Reserve could cut rates later this year. That news helped spark a sharp turnaround in US equities, with the so-called “sell America” trade now unwinding as buyers return to Wall Street.

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Trump’s $600B Middle East Deal: What It Means for Global Stability

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President Donald Trump’s four-day Middle East tour during his second term has sparked global attention, locking in a monumental $600 billion investment from Saudi Arabia. From AI to defence, space to energy—this economic pact is reshaping U.S. foreign policy.

In an unprecedented move, Trump also lifted long-standing U.S. sanctions on Syria after meeting its new president, raising eyebrows among traditional allies.

Ticker News anchor Veronica Dudo speaks with Erbil “Bill” Gunasti, former Turkish PM Press Officer and Republican strategist, to break down the implications for national security, global diplomacy, and the path to peace in Ukraine.

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Trump’s AI deals raise concerns over China ties

Trump’s AI deals in the Middle East spark division over national security risks and concerns over China ties.

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Trump’s AI deals in the Middle East spark division over national security risks and concerns over China ties.

In Short:
Trump’s AI deals with Saudi Arabia and the UAE are causing internal conflicts in his administration over US national security. Officials are concerned that American technology supplied to the Gulf could ultimately benefit China, leading to calls for enhanced legal protections.

President Donald Trump’s recent AI deals in Saudi Arabia and the UAE are causing internal conflicts within his administration.

Concerns are rising among officials, particularly China hawks, about the implications for US national security and economic interests.

Agreements include shipments of vast quantities of semiconductors from Nvidia and AMD to the Gulf states, prompting fears that American technology could ultimately benefit China, given the region’s ties with Beijing.

While the accords include clauses to limit Chinese access to the chips, some officials argue that further legal protections are necessary.

Critics, including Vice President JD Vance, have suggested that maintaining US dominance in AI is crucial, and shipping chips abroad might undermine that goal.

Supporters of the deals, including AI Adviser David Sacks, argue the need for American technology in the Gulf to deter reliance on Chinese alternatives.

Despite this, internal discussions are underway to potentially slow down or reassess the agreements due to ongoing national security concerns.

Conversations have also included proposals for a significant chip manufacturing facility in the UAE, which many officials deem risky due to China’s influence.

Additionally, worries persist about G42, an AI firm in Abu Dhabi, which has historical ties to Huawei.

The agreements with Gulf countries promise to enhance their technological capabilities while necessitating careful oversight to address US security priorities.

 

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