Ukraine Says It Can Confirm Beijing Is Arming Russia; Analysts Say Pressure Now Falls on US and EU
Ukraine on Monday laid out what it calls 'confirmed' intelligence that China is quietly sustaining Russia's war effort.
Oleh Ivashchenko, head of Ukraine's Foreign Intelligence Service, told state news agency Ukrinform on May 26 that China is supplying machine tools, specialty chemicals, gunpowder, and drone electronics to at least 20 Russian arms factories.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
20 minutes ago
- Yahoo
Russia and Ukraine Ratchet Up War While Trying to Show Trump They Want Peace
After Ukraine's drone strikes on Russian air bases, the two sides talked for less than an hour in Istanbul and a halt to the fighting seems out of reach for now.
Yahoo
an hour ago
- Yahoo
CNN reporter Alex Marquardt exits after network lost $5M defamation case against Navy veteran
A CNN correspondent at the center of a nefarious report that cost the network at least $5 million for defaming a US Navy veteran is leaving the struggling network. Chief national security correspondent Alex Marquardt landed in hot water earlier this year after a Florida jury ruled that he defamed Zachary Young in 2021 by claiming the former soldier illegally exploited Afghans during the Biden administration's disastrous withdrawal from the country. Sources told former CNN media correspondent Oliver Darcy that Marquardt was fired — citing 'editorial differences' with his higher-ups at the network. Marquardt — who worked at CNN for eight years and recently spearheaded its coverage of the Russian-Ukraine war — did not mention the legal debacle or the reason for his exit in announcing the departure Monday. 'Tough to say goodbye but it's been an honor to work among the very best in the business,' Marquardt wrote in a post on X. 'Profound thank you to my comrades on the National Security team & the phenomenal teammates I've worked with in the US and abroad.' CNN declined to comment. In January, a Florida jury awarded Young $5 million after deliberating less than nine hours following a two-week trial in Panama City state court. An undisclosed settlement was reached to resolve the matter before jurors calculated punitive damages, which could've added millions more to the total award. The verdict added fuel to President Trump's fiery criticism that CNN is biased. During the trial, it was revealed that the ratings-challenged network ignored evidence that countered its narrative. In a damning message to a CNN colleague, Marquardt wrote that CNN is going to 'nail this Zach Young motherf—er,' according to court records. A producer said that the plaintiff had a 'punchable face.' The segment, which aired on Jake Tapper's program 'The Lead,' described the US government's evacuation of citizens. It went on to say Afghans 'trying to get out of the country face a black market full of promises, demand of exorbitant fees, and no guarantee of safety or success.' The segment then turned to Marquardt, who described the situation of a man located in the US whose family remained in Afghanistan and said that he found people on Facebook charging $10,000 per person to be evacuated. Marquardt stated, 'according to Afghans and activists we've spoken with, desperate Afghans are now being exploited' because of the 'exorbitant' and 'impossible' amounts charged, pointing to a LinkedIn post from Young advertising his services and texts between him and people inquiring about his business. CNN stood by Marquardt after the verdict. 'We remain proud of our journalists and are 100% committed to strong, fearless and fair-minded reporting at CNN, though we will of course take what useful lessons we can from this case,' the network said at the time. Marquardt previously worked as a foreign correspondent for ABC News based in Moscow, Jerusalem, Beirut and London. He has won multiple honors, including Emmy and Edward R. Murrow awards for an undercover investigation of underage sex trafficking in the Philippines.
CNBC
an hour ago
- CNBC
Gold retreats from near four-week peak as dollar ticks up
Gold prices fell on Tuesday, retreating from near a four-week high, as a modest rise in the dollar weighed on the metal, although uncertainty over the U.S.-China trade agreement kept investors cautious and limited the bullion's decline. Spot gold fell 0.3% to $3,369.98 an ounce, as of 0249 GMT, after hitting its highest level since May 8 earlier in the session. U.S. gold futures were steady at $3,390. The metal gained about 2.7% in the previous session, marking its strongest daily performance in more than three weeks. "Dollar recovered slightly and gold came down so it has been inversely correlated at this point of time," said Brian Lan, managing director at GoldSilver Central, Singapore. However, gold is still closely tracking developments around global trade, and while investors have slightly reduced their positions in gold it is not to the extent seen in previous instances when tensions appeared to ease, said Lan. The U.S. dollar index recovered slightly from a six-week low. U.S. President Donald Trump and Chinese President Xi Jinping will likely speak this week, White House said on Monday, days after Trump accused China of violating an agreement to roll back tariffs and trade restrictions. U.S. tariffs on imported steel and aluminum are scheduled to double to 50% starting on Wednesday, coinciding with the Trump administration's deadline for countries to submit their best offers in trade negotiations. The European Commission said on Monday it would make a strong case this week for the U.S. to reduce or eliminate tariffs despite Trump's decision to double import duties on steel and aluminum. Meanwhile, Russia told Ukraine at peace talks on Monday that it would only agree to end the war if Kyiv gives up big new chunks of territory and accepts limits on the size of its army, according to a memorandum reported by Russian media. Elsewhere, spot silver fell 2.1% to $34.07 an ounce, platinum was steady at $1,062.46 and palladium was up 0.1% at $990.26.
