Tag: United States

Biden Visits Israel and Putin Visits China Amid Gaza and Ukraine Wars

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As President Biden visited Israel on Wednesday, seeking to display steadfast American support for the country, President Vladimir V. Putin of Russia was in Beijing, seeking to display his “no limits” partnership with China’s top leader, Xi Jinping. The two contrasting trips show how vastly the global political landscape has been redrawn by Russia’s full-scale invasion of Ukraine, and how that changed landscape is on full display in the war in Gaza. Russia, China and Iran were already forming a new axis over Ukraine, one they have pursued diplomatically, economically,…

Nebraska Gov. Jim Pillen Criticized for Comments on Reporter’s Chinese Nationality

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Gov. Jim Pillen of Nebraska is facing criticism after he dismissed a news article about environmental concerns at his hog farms, saying that the reporter who wrote it was from “Communist China.” The reporter, Yanqi Xu, 27, revealed her findings in an article published Sep. 7 by The Flatwater Free Press that detailed nitrate levels “far above” the legal drinking water limit at more than a dozen farms owned by Mr. Pillen, a Republican. While the farms had brought prosperity to Platte Center, a village about 60 miles northwest of…

Tesla’s Price Cuts Lowered Its Profit

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Tesla’s profit slumped in the third quarter after the carmaker cut prices to maintain its dominance of the market for electric vehicles. The company reported a net profit of $1.9 billion from July through September. That compared with $2.7 billion in the second quarter and $3.3 billion a year earlier. The company has slashed prices by around 25 percent in the United States during the last year, putting the priority on sales rather than profit. The least expensive version of Tesla’s best selling car, the Model Y sport utility vehicle,…

Across U.S., Chinese Bitcoin Mines Draw National Security Scrutiny

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When a company with Chinese origins broke ground last year on a crypto-mining operation in Cheyenne, Wyo., a team at Microsoft that assesses national security threats sounded the alarm. Not only was the site next door to a Microsoft data center that supported the Pentagon — it was about a mile away from an Air Force base that controlled nuclear-armed intercontinental ballistic missiles. The location could allow the Chinese to “pursue full-spectrum intelligence collection operations,” the Microsoft team wrote in an August 2022 report to the Committee on Foreign Investment…

Fragile Global Economy Faces New Crisis in Israel-Gaza War

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The International Monetary Fund said on Tuesday that the pace of the global economic recovery is slowing, a warning that came as a new war in the Middle East threatened to upend a world economy already reeling from several years of overlapping crises. The eruption of fighting between Israel and Hamas over the weekend, which could sow disruption across the region, reflects how challenging it has become to shield economies from increasingly frequent and unpredictable global shocks. The conflict has cast a cloud over a gathering of top economic policymakers…

Samsung and SK Hynix Get U.S. Waivers From Export Curbs

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The South Korean government said on Monday that the country’s semiconductor manufacturers have secured waivers from U.S. government rules that threatened to limit their businesses in China. At issue is the continuation of licenses granted last year by the U.S. Commerce Department to Samsung and SK Hynix, the two dominant South Korean chip makers. The licenses effectively suspended 2022 controls on exports of semiconductors and chip making equipment to China. South Korea, an ally in America’s chip war with China, relies heavily on its semiconductor sector for jobs and revenue.…

Diesel Prices Could Keep Inflation High

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Inflation has been easing around the world. But what happens next could depend partly on the cost of diesel, a wild card that few analysts have been able to predict well. Higher gasoline prices — lit up on giant signs on streets and highways — are typically the most visible, visceral reminder of inflation to consumers. But analysts say diesel can have a bigger impact on inflation because the fuel powers trucks, industrial machinery and agricultural equipment. The prices of heating oil and jet fuel are also closely connected to…

Nio Loses $35,000 a Car. That Should Scare the U.S. and Europe.

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Nio, a Chinese electric car company that competes with Tesla, employs 11,000 people in research and development, but sells a mere 8,000 cars per month. It has invested so extensively in robots that one of its factories employs just 30 technicians to make 300,000 electric car motors a year. Nio offers $350 augmented reality glasses for each seat in its cars, and has introduced a cellphone that interacts with the car’s self-driving system. And none of it is profitable — far from it. Nio lost $835 million from April through…

Athens Democracy Forum: Daring to Hope That Democracy Will Prevail

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That Mr. Putin had to journey to North Korea last month to seek support for a long war was a measure of his humiliating isolation, whatever Russia’s ascendancy in Africa, where it has contrived to present itself as an anticolonial power even as it fights a form of colonial war aimed at reabsorbing Ukraine, or much of it, into the “Russkiy Mir,” or Russian world. Ukraine, of course, is fighting for democracy, freedom, the sanctity of sovereignty and the right of a sovereign state to choose its strategic direction. This…

Athens Democracy Forum: The Disunited States of South America

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This article is from a special report on the Athens Democracy Forum, which gathered experts last week in the Greek capital to discuss global issues. Moderator: Serge Schmemann, editorial board, The New York Times Participants: Natalia Herbst, social impact consultant and Obama Foundation Scholar alumnus; Jorge Fernando Quiroga, former president, Bolivia; and Adriana Mejía Hernández, executive director, Fundación Innovación para el Desarrollo Excerpts from the panel Disunited States of South America have been edited and condensed. SERGE SCHMEMANN In my preparatory reading, I found a dual image of the continent.…