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Gavin Newsom has some big fans backing him for a 2024 presidential run — but they’re in China
03 Jul

Gavin Newsom has some big fans backing him for a 2024 presidential run — but they’re in China

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"The California governor is really suitable to be president. He's so handsome," one user wrote on the Chinese social media platform Weibo on Saturday.Some said that Newsom's speaking style reminded them of former President Bill Clinton and that the California Democrat had a "bright future" ahead of him."Biden should have voluntarily stepped aside a long time ago. But even then, Newsom is waiting in the wings and has been playing a critical role in the Democratic Party," a user named Zheng Jun said in a Weibo post on the same day. "When the opportunity arises, he will be best prepared…
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China can end the Ukraine war with a single phone call to Putin, says NATO member
03 Jul

China can end the Ukraine war with a single phone call to Putin, says NATO member

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China could hold the key to ending Russia's war in Ukraine, Finland President Alexander Stubb said in an interview with Bloomberg on Tuesday.China's influence on Russia, Stubb said, stemmed from the latter's growing reliance on the Asian giant as it grapples with crippling economic sanctions from the West."I argue that Russia is so dependent on China right now that one phone call from President Xi Jinping would solve this crisis," Stubb said of the Chinese leader."If he were to say, 'Time to start negotiating peace.' Russia would be forced to do that.""They would have no other choice," he continued.Representatives for…
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Russia’s war-driven economy is so hot that the World Bank upgraded it to a ‘high-income country’
03 Jul

Russia’s war-driven economy is so hot that the World Bank upgraded it to a ‘high-income country’

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Russia's economy has defied sanctions in the two years since Moscow invaded Ukraine in February 2022 — so much so that the World Bank is now classifying Russia as a "high-income country."On Monday, the World Bank announced it has upgraded Russia from an upper-middle-income country to a high-income country, according to a report from the financial institution's economists."Economic activity in Russia was influenced by a large increase in military-related activity in 2023," World Bank economists wrote in their report.Last year, Russians earned $14,250 per person on a gross national income basis.The World Bank's upgrade confirms reports from Russia that suggest…
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Britain’s Brewing Battle Over Data Centers
03 Jul

Britain’s Brewing Battle Over Data Centers

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As mayor of Newham, Rokhsana Fiaz has plenty of problems to reckon with. Her London borough is wrestling with entrenched poverty and the capital's highest rate of residents stuck in temporary housing. But midway through her second term, Fiaz has a new plan to turn things around. She believes that AI could provide a multimillion-pound boost to economic growth, and she’s campaigning for Newham to get a share. “We want to be able to seize the opportunities of the data economy,” she says, “and data centers are a core part of that.”Fiaz’s support for the server farms reflects the enthusiasm…
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Kevin Costner’s self-financed movie was a box-office flop. Experts say he’s ‘going to lose a lot of money.’
03 Jul

Kevin Costner’s self-financed movie was a box-office flop. Experts say he’s ‘going to lose a lot of money.’

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With Kevin Costner's epic three-hour Western "Horizon: An American Saga - Chapter 1" only making $11 million its opening weekend in theaters, it's going to be a long road for the Oscar winner to recoup the money he put into it.Costner, who directed, produced, and stars in the project and is one of its main financiers, had been developing the multi-part saga set in the American West for decades.After years of development at Warner Bros., which once considered sending the movie directly to its streaming service Max, Costner threw caution to the wind and decided to self-finance not just one…
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