
Putin Says Grandchild Speaks Fluent Chinese, Has Beijing Nanny
'I mentioned that some of my close relatives are studying Chinese; I was referring to my granddaughter, whose nanny is from Beijing. She speaks Chinese fluently with her,' Putin said during the meeting with foreign journalists in St. Petersburg that ended early Thursday.
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CNBC
12 minutes ago
- CNBC
CNBC Daily Open: Trump's 'peace' for Ukraine doesn't seem like what Zelenskyy wants
There was no deal when U.S. President Donald Trump met his Russian counterpart Vladimir Putin on Friday. That was not unexpected. The summit, which was initially arranged to discuss a ceasefire to Moscow's war in Ukraine, was on Tuesday reframed by White House Spokesperson Karoline Leavitt as a "listening exercise" that allowed Trump to get a "better understanding of how we can hopefully bring this war to an end." Prior to the summit, analysts were already casting doubt on the talks advancing any real ceasefire in Ukraine. "Let's be clear, Putin does not take Trump seriously," Tina Fordham, founder of Fordham Global Foresight, told CNBC. And the fact that the summit was scheduled — and Putin invited to Alaska, the first time he stepped on U.S. soil in about a decade — was already a "big win" for the Kremlin leader, according to a comment by Richard Portes, head of the economics faculty at the London Business School, before the meeting took place. While no agreement was reached, Trump on Friday described the meeting as "very productive" — and announced the next day that he would be pursuing a "peace agreement" rather than a ceasefire between Russia and Ukraine. But peace means very different things to the Ukraine, Russia and America. To one, it could be the complete halt of armed warfare and the retreat of foreign troops from its soil. To another, it might seem like acquiring annexed territory. And for some, it might look like a shiny golden coin engraved with the profile of Alfred Nobel, regardless of the prerequisites. Trump calls on Ukraine to 'end the war with Russia.' The U.S. president on Sunday said that Ukrainian President Volodymyr Zelenskyy can either stop the conflict or "continue to fight." Putin has agreed that the U.S. and European nations could give Ukraine "Article 5-like" security guarantees, the White House said. OpenAI in share sales talk that would value it at $500 billion. The shares would be sold by current and former employees to investors including SoftBank, Dragoneer Investment Group and Thrive Capital, according to a source. The Dow Jones Industrial Average outperforms. Major stock indexes ended Friday mixed, with the Dow Jones Industrial Average rising a fractional 0.08%. Asia-Pacific markets mostly rose Monday. China's CSI 300 hit its highest level since October 2024. A trip by U.S. trade officials to India has been called off. The visit, which was expected to take place between Aug. 25 and Aug. 29, will likely be rescheduled, according to Indian news broadcaster NDTV Profit. [PRO] Fedspeak to parse for the week. Minutes for the U.S. Federal Reserve's August meeting come out Wednesday, while Fed Chair Jerome Powell will speak at Jackson Hole, a symposium of economic policy, on Friday. They may give clues on policy path. This Asian data center hub is grappling with the massive costs of AI: energy and water Johor, a state at the southern tip of Malaysia, has quietly become one of Southeast Asia's fastest-growing data center hubs amid the heightened compute demands of AI. Though that has created new economic opportunities and jobs, there are signs the industry is pushing the limits of the state's energy capacity and natural resources, with officials slowing approvals for new projects.


Bloomberg
42 minutes ago
- Bloomberg
Dalay: Putin Blames Ukraine & EU for the Lack of Deal
Live on Bloomberg TV CC-Transcript 00:00Before we get to this meeting today, I want to start with what we saw on Friday and what, if anything, you think was accomplished or achieved by these two leaders. I think first what the true leader wanted from these meetings. Putin clearly wanted the meeting, wanted a deal, at least a deal and a cease fire to be in all of the meetings. And obviously the Putin got to a meeting that he wanted that's effective. And then the western isolation of Russia breaking the Western consensus on Russia. And probably he hopes that it's not only going to be Ukraine in talks between himself and Trump, but rather Ukraine turns into one subject among many other subjects. That's all the subject includes from that and from the nature, the overall nature of the relation between us and Russia, how to improve it and how to prevent the further sanctions coming down on Russia. So therefore, for Putin, the meetings and the meetings should not be only about Ukraine. For Trump, obviously he wanted a deal that to be announced. Right now what we see at this word in terms of the initial outcomes that Putin has gotten, what it wanted, which was the meetings and the Trump in terms of what he has gotten is still unclear. But what is so important, what is so significant at this stage is the normalization of the meetings and the record like treatment with the Putin by the by the most important by the most important country in the world, which is the united of the most powerful country in the world in the Western camps. And I think that meeting probably has paved the way for paved the way for other meetings coming down, coming down on the coming down the road. And the finally, in all the important things that Russia always wanted to talk about, the European security, not only Ukraine, but the overall nature of the European security order with us, not with with Europeans. And thus far it seems that the Russia is succeeding. Well. Well, so then where does that leave the discussions around a ceasefire or potentially peace? Because Trump also wants to see Zelensky and Putin meeting in the near term. European leaders are against that. Is that not a part of the discussion right now? Is that what you're saying? Well, the Trump wanted a ceasefire and they found that Putin didn't want a ceasefire. Is that the Putin talk about a comprehensive peace agreement which is unlikely to be achieved anytime soon? And I think one thing that probably one strategy that put it is pursuing the failure of getting a comprehensive deal, whatever that means at this stage, because that will that will involve some really tough questions regarding the territorial adjustment, the regarding what the U.S. means by the security guarantees that deal with the security guarantees that has been floated around, whether that is effectively a NATO like commitment without the NATO membership for Ukraine or what it is like, just like an idea that is being floated without much of much did. But nevertheless, right now, the if the failure the failure of this talk about a comprehensive deal, I think then Putin wants to blame Ukraine and Europeans for the intransigence and then basically tell the standard from that it was it was dumb that they didn't want a comprehensive deal rather than Russia once did, and therefore that it is time for the U.S. and Russia to even to reset the ties despite the fact that there may not be over or Ukraine. Gleb, do you see the European leaders stepping in and potentially changing the calculus of where these talks are at right now? Well, the trouble with European leaders or the European strategy towards Russia, towards Ukraine is even though Europe has been talking about the plan A, plan B, a plan C, but all of them coming to the same idea, actually, how to keep the U.S. in the game in one way or another. I still don't see any European plans despite all this talk about or the formation of the coalition of the willing, the formation, or the idea that the U.S. may not be in the game for long despite all this holds. I still do not see any European plan that is premised on the idea that Europe and the U.S. might be completely out of the picture. So the idea that I see is still gaining currency at the European capital. If the US even withdraw in presence, can we can we have like the U.S. backstops for the Europeans? So that's the first thing. The second thing that I see beyond offering the financial commitment, beyond offering further military equipment to Ukraine and further financial financial help to Ukraine, also buy more from the Americans. What for markets? I still don't see a workable European plan if the U.S. exit, if the U.S. is not in endgame. So therefore, this is like a drastic moment where, as in true for the European security, but probably one of the most significant days that we are passing through since the end of the Cold War and the tragedy for Europe. The Europe is not ready for the game. Europe is not ready for the challenge. If the U.S. is not in the game.


New York Times
2 hours ago
- New York Times
All Russia Needs to Do Is Go Home
Vladimir Putin looked like he loved every minute of it. Mr. Putin, the president of Russia, the man who has proclaimed that my country shouldn't exist — that it's a historical mistake, to be fixed by Russian soldiers — was welcomed effusively to Alaska by the president of the United States. Mr. Putin exited his plane and diplomatic isolation and walked a red carpet like an honored guest. His smile was triumphant. Was it confidence that he was going to get away with everything he's done? Or was it the anticipation of getting what he wanted: a subjugated Ukraine and a weakened trans-Atlantic alliance? Perhaps it was both. Americans may have cringed, but for Ukrainians, watching Mr. Putin smirk and laugh was revolting. The meeting between Mr. Putin and President Trump on Friday was a stark reminder of a simple truth: that the real barrier, the only real barrier, between Mr. Trump and peace in Ukraine (and his coveted Nobel Prize) is Mr. Putin. Russia could end the war in Ukraine at any moment by stopping its attacks and withdrawing its forces. By simply going home. Mr. Putin could end it with a phone call. Mr. Putin — and sometimes, Mr. Trump — have tried to frame Ukraine as the obstacle to peace. But let's think about how Ukraine could end this war on terms that Mr. Putin would accept: by giving him everything. By relinquishing territory that tens of thousands have died defending, forgoing the prospect of ever joining NATO or the European Union, agreeing not to maintain a military strong enough to defend itself and installing a puppet government pliant to Mr. Putin. By agreeing, in effect, to cease to exist. To a Ukrainian — and surely to most people — the idea of handing anything, never mind everything, to an invader that has brought death and destruction to a peaceful country, seems exactly backward. A recent Gallup poll showed that 69 percent of Ukrainians want the war to end in a negotiation, and soon. That majority, up from 22 percent in 2022, the first year of Russia's full-scale invasion, has been widely interpreted as showing that Ukrainians are now willing to compromise. But it's more complicated than that. Other polls that have more precisely parsed the question of ending the war — Do Ukrainians want to cede territories to Russia to end the war? — have shown a majority still saying 'no.' Want all of The Times? Subscribe.