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<ul class="summary-list"><li>China has chosen Saudi Arabia as the site for its next offering of US dollar bonds.</li><li>It's China's first such offering in three years, and shows deepening financial ties between the two nations.</li></ul>Investing ties between Riyadh and Beijing are growing harder to ignore.China has has chosen Saudi Arabia as the site for its first US dollar bond sales in three years, scheduled for next week, according to a Ministry of Finance statement.Saudi Arabia has embraced Chinese investment to help bankroll its juggernaut modernization plans. The country's so-called Vision 2030 project — an effort to turn Saudi Arabia into a greener, innovation-centered economy — recently reached <a target="_blank" href="https://www.businessinsider.com/saudi-arabia-vision-2030-projects-trillion-value-neom-2024-9">$1.3 trillion in value</a>.Meanwhile, the kingdom's construction plans and emphasis on renewables have offered Chinese real estate developers and tech industries a fresh playing field.For instance, Saudi Arabia has been courting Chinese investors to fund its futuristic mega-city, Neom, the centerpiece of Vision 2030. The kingdom has had some success over recent years, and China has agreed to <a target="_blank" href="https://www.businessinsider.com/saudi-seeks-china-neom-mbs-investment-risk-vision-crown-prince-2024-6">various tech deals related to the project</a>.The Saudi Public Investment Fund — the nation's sovereign wealth vehicle — signed $50 billion worth of deals with Chinese lenders in August, according data compiled by the <a target="_blank" class="" href="https://www.ft.com/content/0d2a3dcc-9d1e-4741-84dc-8e5a81303a1b">Financial Times</a>.Tech-related investments have also kept up: in one telling example, Saudi Arabia has reportedly <a target="_blank" href="https://www.businessinsider.com/saudi-arabia-china-ai-startup-openai-zhipu-ai-2024-6">backed a Chinese competitor to OpenAI</a> over the summer.At the end of October, Saudi Arabia <a target="_blank" class="" href="https://www.bloomberg.com/news/articles/2024-10-31/two-etfs-tracking-hong-kong-china-shares-debut-in-saudi-arabia">debuted</a> two new exchange traded funds to track markets in Hong Kong and China. These instruments will allow Saudi investors easier access to Chinese equity exposure.However, these deepening ties have also attracted US scrutiny. Earlier this year, the US offered Saudi Arabia tech and security deals on the condition that Riyadh rejects its new tech alliance with China.

The financial ties between China and Saudi Arabia keep getting deeper

<ul class="summary-list"><li>Verily, Alphabet's life sciences group, is preparing to detach from Google.</li><li>Verily has told employees it ultimately intends to become an independent company.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/alphabets-verily-layoffs-google-employees-molecular-science-immune-profiler-r2024-3">Verily</a>, Alphabet's life sciences subsidiary, has set a deadline of December 16 to sever multiple ties to <a target="_blank" class="" href="https://www.businessinsider.com/google-workspace-chief-stepping-down-leaked-memo-2024-11">Google</a>, according to two people familiar with the matter and internal documents reviewed by Business Insider.The company has been working to remove itself from the tech and services it shares with Google, such as its cloud infrastructure and employee benefits. While Verily will still be part of the Alphabet holding company after the December deadline, Verily leaders have told employees the separation efforts are crucial to eventually becoming a fully independent company.Verily, formerly known as Google Life Sciences, started life as a moonshot project inside Google X. It now offers health-related technology services and products, including retinal scanning, clinical trial management, and Lightpath, an AI-powered platform for chronic care."In order to one day become an independent company, Verily must first separate from Google's infrastructure and systems and stand up and operate its own," explained one of the documents reviewed by BI.Verily's effort to separate itself from Google is being driven by its secret <a target="_blank" class="" href="https://www.businessinsider.com/verily-secret-internal-project-flywheel-untangle-technology-alphabet-google-2021-9">Flywheel</a> project, which Business Insider first reported on in 2021."Project Flywheel is the effort that allows us to do this - and is therefore an essential stepping stone on this journey and path to independence," one of the recent internal documents explained.Lately, Verily employees have been issued new laptops, new office badges, and new email addresses that are no longer aliases of the Google email domain, according to one of the people familiar with the matter. The people who spoke to BI asked to not to be identified discussing private matters.Employees will also lose access to Google's employee benefits by the end of December and will receive new benefits fully dictated by Verily, according to one of the internal documents.In the past, Verily leadership has dangled the possibility of spinning off Verily as a public company. One employee told BI that an IPO is still held up "as a carrot" to staff, but it's possible Verily might pursue a different path outside Alphabet."We continue to aspire to be an independent company, but we do not have a set timing for independence at this time," one of the internal documents reads. A timeline for full separation could not be determined by BI."Verily is transitioning from Google's infrastructure to our own, as we continue to grow as an independent Alphabet company," said Verily spokesperson Steven Cooper. "This move enables us to advance our technology based on what's best for Verily and our healthcare and life sciences customers."<h2 id="3c22b081-9990-497f-86a3-c3468b883a92">Uneven results</h2>When Google founders Larry Page and Sergey Brin shook up their company's corporate structure in 2015 and created Alphabet, the goal was to distance some of the more ambitious and costly projects from the main Search business. These projects would benefit from Google's deep pockets but could be nurtured into fully functioning businesses.The results have been uneven so far.Self-driving car division <a target="_blank" class="" href="https://www.businessinsider.com/waymo-cofounder-tesla-robotaxi-data-strategy-self-driving-2024-10">Waymo</a> has gained momentum, but some other projects have been <a target="_blank" class="" href="https://www.bloomberg.com/news/articles/2024-07-03/alphabet-shutters-mineral-licenses-ag-tech-to-berry-producer-driscoll-s">shut down</a> or scaled back amid increased pressure to rein in spending. The moonshot lab, X, has pulled back on graduating new companies into bets, as <a target="_blank" class="" href="https://www.businessinsider.com/google-layoff-moonshot-x-development-sergey-brin-larry-page-astro-2023-01">BI previously reported</a>.<h2 id="76386405-6710-42b2-aa3b-4dc68d634ce3">Can Verily stand on its own?</h2>Whether Verily can stand on its own two feet is still a big question among company insiders. Some current and former employees have criticized Verily's constant pivots between products and pointed to a revolving door of leaders and a mishmash of unrelated projects, which also include a wastewater testing business and a project to reduce mosquito-borne diseases.One of the documents reviewed by BI noted that Alphabet "will continue to be our largest investor" after the December separation. Verily announced a $1 billion investment round in 2022, which was led by Alphabet. It has raised at least $3.5 billion in total, according to Pitchbook data."We are one of the longest running bets, and as such, it makes sense that we are the first Alphabet company to embark on this journey," reads one internal Verily document.An internal Verily FAQ for staff broached the subject of why the company didn't start Flywheel until after its products were more mature."Verily's products are at different development stages ranging from those that already support a growing customer base to those that are in early development," the FAQ stated. "Since Flywheel is a large and complex multi-year effort, we want to execute on it in parallel to the on-going product development efforts so that both will be ready for separation from Google at around the same time."Are you a current or former Verily employee? Got more insight to share? You can reach the reporter Hugh Langley via the encrypted messaging app Signal (+1 628-228-1836) or email (<a target="_blank" href="mailto:hlangley@businessinsider.com">hlangley@businessinsider.com</a>).

Verily has a December deadline to cut important ties with Google, leaked documents show

<ul class="summary-list"><li>Shares of companies with ties to Russia have rallied since Trump won the US election.</li><li>Russia-linked stocks have struggled since the invasion of Ukraine in 2022.</li></ul>Stocks tied to Russia have risen since Donald Trump won the US presidential election as investors hope that he follows through on campaign rhetoric on bringing an end to the war in Ukraine. Raiffeisen Bank International, an Austrian bank, has seen its stock surge 12.2% to a seven-month high since the market closed on Tuesday. Hungary-based OTP Bank soared 4.9% in that time. Both banks have operations in Russia. Turkey-based construction firm Enka Insaat, meanwhile, is up 8.6% since Tuesday.Shares of companies with ties to Russia plunged following the invasion of Ukraine in 2022, as investors fled the country over fears that sanctions would hobble the economy and hurt firms doing business there. After the invasion, the US and Europe employed widespread sanctions to cut off the Kremlin's war revenue. The moves forced many companies to exit the country and made doing business difficult for those that remained. The debt market has also responded to Trump's win, with Ukraine's dollar-denominated bonds <a target="_blank" class="" href="https://markets.businessinsider.com/news/bonds/ukraine-bonds-trump-wins-us-election-russia-war-zelenskyy-2024-11?_gl=1*ty5p3r*_ga*MTY3OTgyNjg0MS4xNzIxMDE2MDM2*_ga_E21CV80ZCZ*MTczMDk5OTY0My4zNzYuMS4xNzMwOTk5NjQ1LjU4LjAuMA..">rallying since the election</a>. On Wednesday, bonds tied to Ukraine's GDP soared to their highest level since before the war began.Investors are hoping that Trump will follow through on pledges made during his campaign to help end the war in Ukraine, which has been going on for nearly three years. During his debate against Vice President Kamala Harris in September, Trump promised to settle the war even before becoming president and said he would speak to both Ukrainian President Volodymyr Zelenskyy and Russian President Vladimir Putin to work out a deal. In July, he said he could <a target="_blank" href="https://www.businessinsider.com/trump-wont-end-ukraine-war-in-a-day-russia-says-2024-7?utm_medium=ingest&amp;utm_source=markets&amp;_gl=1*w77vj8*_ga*MTY3OTgyNjg0MS4xNzIxMDE2MDM2*_ga_E21CV80ZCZ*MTczMDk5OTY0My4zNzYuMS4xNzMxMDAwMDY4LjYwLjAuMA..">end the conflict in less than a day</a>.Recent reports say Trump's advisors have <a target="_blank" href="https://www.businessinsider.com/trump-advisors-peace-plans-ukraine-demilitarized-zone-no-aid-russia-2024-11">set out plans to end the war</a> with approaches like a demilitarized zone between the two countries.Analysts, though, have voiced concerns that Putin has <a target="_blank" class="" href="https://www.businessinsider.com/putin-no-hurry-end-ukraine-war-no-matter-wins-election-2024-11">more to gain from prolonging the war</a> than ending it, posing a challenge to any dealmaking efforts by Trump.In a <a target="_blank" href="https://x.com/ZelenskyyUa/status/1854073411904938032">post on X</a>, Zelenskyy congratulated the president-elect and appeared hopeful his term could change the war's trajectory."I appreciate President Trump's commitment to the 'peace through strength' approach in global affairs. This is exactly the principle that can practically bring just peace in Ukraine closer," Zelenskyy wrote.

Stocks tied to Russia rally as Trump's win fuels hopes for an end to the Ukraine war

<ul class="summary-list"><li>High-net-worth sports fans can now invest in an index of companies tied to their favorite league.</li><li>An offering from Morgan Stanley requires a minimum investment of $250,000.</li></ul>Sports fans with money to spare can now reap returns from their favorite leagues thanks to a new investment offering from Morgan Stanley.The Parametric Custom Core Sports League strategy is a portfolio that allows high-net-worth fans to invest a minimum of $250,000 in an index of companies tied to major sports leagues.The companies comprise a select group of large-cap US stocks with the biggest sponsorship, media, or ad partnerships with each major sports league.The offering involves 13 of the biggest sports leagues, from the NFL and NBA to the US Open and Formula 1. It also includes Men's and Women's Division I College Basketball.The bank's wealth management arm announced the new portfolio on Thursday, citing a big opportunity to capitalize on fans seeking more engagement and investment with their favorite sports."We see the demand from our clients that are asking about ways to invest in sports," Sandra Richards, managing director and head of Morgan Stanley's Global Sports and Entertainment Division, told CNBC. "And it's going to continue."Richards said the idea came from a client who requested the bank make a portfolio with exposure to certain sports."We saw that there was a bigger opportunity to do something here," Richards told CNBC. The bank said it will use data from Nielsen Sports to monitor the companies' exposure to leagues, and that the portfolio will have similar risks as the S&amp;P 500.Sports as an investment have become a hot and growing asset class. High-profile billionaires like Marc Lasry and Steve Cohen could pump <a target="_blank" href="https://www.businessinsider.com/sports-leaders-invest-billions-into-the-pga-tour-2024-1">as much as $3 billion</a> into the PGA Tour, a report said earlier this year. The owners of storied franchises like the Yankees, meanwhile, have <a target="_blank" href="https://www.businessinsider.com/billionaire-owners-world-series-yankees-dodgers-baseball-mark-walter-steinbrenner-2024-10">seen their wealth balloon</a> as the team's valuation has soared amid increased competition over broadcast rights and revenue from sports betting.<a target="_blank" href="https://publications.investmentsandwealth.org/iwmonitor/library/item/vol__22__no__1__2023/4151461/">Research</a> also suggests that investing in sports teams is a good move, since they're relatively recession-proof and often perform well during market downturns and even better in bull markets.Other big Wall Street firms like Goldman Sachs, Citi, and JPMorgan have also <a target="_blank" href="https://www.businessinsider.com/rich-sports-team-owners-investing-private-equity-2023-9">launched offerings</a> to help wealthy clients tap into sports investing. Last year, Goldman Sachs unveiled a new unit of dealmakers to pitch investments in teams and stadiums to wealthy clients.

Wealthy sports fans can now put money into investments tied to their favorite leagues

The fastest way to turn public sentiment in your favour might just be pulling off the sort of engineering marvel the world has never seen before and casually making history — because the internet cannot stop talking about <keyword id="19903807" type="General" weightage="20" keywordseo="Elon-Musk" source="keywords">Elon Musk</keyword> and his “chopsticks”. In case you don’t know what we’re talking about, <keyword id="19905255" type="General" weightage="20" keywordseo="SpaceX" source="keywords" meta.keywordsubtype="org" meta.entityname="SpaceX" meta.hostid="261" meta.entityid="SpaceX">SpaceX</keyword> recently “caught” its massive, 15-storey tall <keyword id="23544091" type="General" weightage="20" keywordseo="Super-Heavy-rocket" source="keywords">Super Heavy rocket</keyword> Booster as it approached Earth using mechanical arms — the <keyword id="20215700" type="General" weightage="20" keywordseo="chopsticks" source="keywords">chopsticks</keyword> in question. After its launch in Texas, the booster returned to pad just 7 minutes later and neatly fell into the tower’s arms.<div type="twitter" handle="shaunmmaguire" handlename="shaunmmaguire" favoritecount="0" retweetcount="0" id="1845444890764644694"></div>These massive mechanical arms on the launch tower were designed to catch the <keyword id="23533141" type="General" weightage="20" keywordseo="rocket-booster" source="keywords">rocket booster</keyword> mid-air as it returned to the launch pad, rather than letting it crash into the ground or splash into the ocean. Might we add, this was a test flight that was a part of Elon Musk’s efforts to make the Starship system fully reusable and they got it right in the first try! Meanwhile, the Starship rocket, which flew to more than 130 miles in altitude, also successfully completed a controlled descent into the Indian Ocean. SpaceX intends on finding ways to make that reusable as well. And as Elon himself said, this is an important step towards making <keyword id="23544092" type="General" weightage="20" keywordseo="multiplanetary-travel" source="keywords">multiplanetary travel</keyword> possible — something the man’s been talking about for years.<div type="twitter" handle="elonmusk" handlename="elonmusk" favoritecount="0" retweetcount="0" id="1845463518671466934"></div>But as mind-numbingly cool as this entire event was, how exactly do these chopsticks tie into the multiplanetary transport goal — and also potentially alter the course of human history? <h2>Boosting reusability and good ol’ cost-cutting</h2>Sending a rocket to space and having it come back usually means that it's going to splash down in water or worse — hard-land. Traditionally, rockets are either destroyed after use or land in the ocean, requiring complex recovery operations. By catching the rocket more gently using the chopstick manoeuvre, the rocket booster experiences less damage and can be refurbished and reused more quickly and with fewer repairs. This brings us to the other important barrier in making interplanetary travel a thing: how insanely expensive it is. SpaceX's goal is to make space travel affordable and efficient by reusing rockets instead of discarding them after each launch. Fully <keyword id="23532644" type="General" weightage="20" keywordseo="reusable-rockets" source="keywords">reusable rockets</keyword> drastically reduce the costs of launching payloads into space, making regular <keyword id="20018231" type="General" weightage="20" keywordseo="space-missions" source="keywords">space missions</keyword> more feasible. By catching and reusing the massive Super Heavy boosters, SpaceX can slash the costs associated with building new rockets for every mission. Not to mention, it would also help cut costs if we didn’t need to go fetch the booster back from remote landing sites. <h2>More efficient and frequent launches!</h2>Apart from the cost aspect of it, the ability to catch and reuse these massive boosters directly at the launch site means SpaceX can streamline the whole launch process as it eliminates the need to transport the boosters back. Reusability also means that SpaceX can shorten the time between launches, allowing for more frequent spaceflights. This would also save time and resources, making space missions more practical and sustainable for the long haul. This means the company can launch more often, potentially sending supplies, habitats, and crew to the Moon or Mars on a regular basis. For humanity to survive and thrive on another planet, we’ll need a reliable and consistent flow of resources. The "Chopsticks" help create a logistical system where rockets can be prepped and launched frequently, something critical for long-term colonisation. <h2>Scaling up for deep space missions</h2>The Super Heavy booster that the "Chopsticks" caught isn’t just any rocket — it’s the most powerful ever built. Starship, the spacecraft designed to ride atop this booster, is intended to carry massive payloads, including people and cargo, on interplanetary missions. The ability to catch and reuse such a large rocket is a technical leap that will make future missions to the Moon, Mars, and beyond more feasible. However, safely recovering and reusing these enormous boosters is a technical challenge that SpaceX needs to master if it hopes to send frequent missions to Mars. With each test flight, SpaceX refines the technology that will one day send astronauts to colonise other planets. And by developing this technology, SpaceX is paving the way for the continuous, cost-effective supply chain necessary to support human colonies on other planets. <div type="Article" hostid="261" msid="113162328" title="Elon Musk: SpaceX to launch first Starships to Mars in two years" mstype="2" mssubtype="0"></div>

3 ways SpaceX’s “chopsticks” tie into making multiplanetary transport possible!

<ul class="summary-list"><li>Russian imports of goods from China surged in September.</li><li>A new trade agreement between Russia and China was finalized in late August.</li></ul>Russia's imports of goods from China increased sharply last month, a sign that Moscow is leaning more heavily on Beijing after the two countries affirmed their economic ties.China exported around 80 billion yuan worth of goods to Russia in the month of <a target="_blank" href="http://english.customs.gov.cn/Statics/2c024a8b-3aea-4f87-a405-046557ad558f.html">September</a>, a 9% increase from the 73 billion yuan worth of goods it exported the prior month, according to Chinese customs data published on Tuesday. That's larger than the increase recorded over the last several months, with Chinese exports to Russia rising 3% in <a target="_blank" class="" href="http://english.customs.gov.cn/Statics/21dcbdc9-a5c7-4ce5-8884-d45f6ab35488.html">August</a> and 1% in <a target="_blank" class="" href="http://english.customs.gov.cn/Statics/672cd557-3c4e-48bb-8e7c-40cc02a20c7e.html">July</a>.The surge of trading activity follows a fresh <a target="_blank" href="https://www.cnn.com/2024/08/21/europe/china-li-qiang-russia-belarus-trip-intl-hnk/index.html">cooperation agreement</a> Russia and China finalized in late August, which vowed, among other things, to deepen trade ties. The deal reaffirmed the "<a target="_blank" class="" href="https://www.businessinsider.com/russia-ukraine-war-putin-china-trade-partnership-economy-moscow-beijing-2024-4">no limits</a>" <a target="_blank" class="" href="https://www.reuters.com/world/china/moscow-beijing-partnership-has-no-limits-2022-02-04/">partnership</a> Moscow and Bejing have sought to expand since 2022, which took both country's <a target="_blank" class="" href="https://www.businessinsider.com/china-russia-trade-record-ukraine-war-xi-jinping-vladimir-putin-2024-1">trade with one another to a fresh record</a> last year."Our trade relations are not only developing but flourishing, thanks in part to the efforts of our Chinese friends," Russian President Vladimir Putin said in a meeting with China's premier, Li Qiang, per a Kremlin <a target="_blank" href="http://en.kremlin.ru/events/president/news/74910">transcript</a> of the event. "The attention and commitment shown by both governments towards the development of trade and economic relations have yielded positive results."Total trade between Russia and China notched 1.28 trillion yuan from the start of the year through September, up 3.5% from the same period last year, customs data shows.Moscow has grown more reliant on Beijing as an economic partner since being targeted by Western sanctions in 2022. Trade restrictions from the West have pushed Russia into an increasingly <a target="_blank" class="" href="https://www.businessinsider.com/russia-economy-ukraine-war-putin-moscow-budget-isolation-west-sanctions-2023-12">isolated position</a> in global markets, economists say, with countries like <a target="_blank" class="" href="https://www.businessinsider.com/russia-economy-russia-china-barter-trade-us-secondary-sanctions-payments-2024-8">China</a> and India among the nation's small circle of major trading partners.Russia's trade with China has stumbled recently, however, due to payment issues abroad. In August, most Chinese banks were reportedly <a target="_blank" href="https://www.businessinsider.com/russia-economy-all-china-banks-refuse-yuan-ruble-transfers-sanctions-2024-8">refusing to process payments from Russia</a> after the US threatened to impose secondary sanctions on institutions helping Russia continue to do business and fund its war in Ukraine.

Russia's imports from China surged in September as Moscow and Beijing deepen economic ties  

<ul class="summary-list"><li>Prince Andrew's "Newsnight" interview has been depicted in a new series.</li><li>The Duke of York stepped back from public life in 2019 after the interview about Jeffrey Epstein.</li></ul>The public may not completely forgive Prince Andrew's controversies – but the royal family might, according to royal experts.The Duke of York stepped back from public life in 2019 after his "Newsnight" interview where he was questioned about his involvement with <a target="_blank" class="" href="https://www.businessinsider.com/jeffrey-epstein-life-biography-net-worth-2019-7">convicted sex offender Jeffrey Epstein.</a>It's the interview that won't disappear, having been adapted for streaming services twice in the past year."It was car crash television. It was like watching someone be buried alive," <a target="_blank" class="" href="https://www.instagram.com/kinseyschofield/?hl=en">Kinsey Schofield</a>, a royal commentator and host of the <a target="_blank" class="" href="https://todifordaily.com/the-to-di-for-daily-podcast/">"To Di For Daily"</a> blog and podcast, told Business Insider."Prince Andrew thought he'd just delivered a masterclass in charm attack. But we watched a man lose everything in 58 minutes," she said.But while it seems we're still preoccupied with Andrew's now-famous appearance, there may be signs that he is being brought back into the royal fold, experts say.<div type="image" title="Prince Andrew is interviewed for &quot;Newsnight&quot; at Buckingham Palace." height="967" width="1909" msid="114378102" hostid="261" sizebytes="51434"></div><h2 id="f8f179f8-a3cd-4916-a011-569651ec461b">One interview, two adaptations</h2>Back in April, Netflix released <a target="_blank" class="" href="https://www.businessinsider.com/prince-andrew-scoop-how-accurate-interview-netflix-2024-4">"Scoop,"</a> a movie starring Gillian Anderson, Rufus Sewell, and Billie Piper. The film is based on the memoir by former "Newsnight" producer Sam McAlister.More recently on September 19, Amazon Prime released <a target="_blank" class="" href="https://www.youtube.com/watch?v=Q642X3038YI">"A Very Royal Scandal,"</a> a three-part drama series based on former "Newsnight" journalist Emily Maitlis' account of the interview, starring Ruth Wilson and Michael Sheen.Both adaptations showed the painstaking efforts to secure the interview and alluded to the damaging effect it would have on Andrew's reputation.The interview followed controversy surrounding Andrew's relationship with Epstein, who died by suicide in a jail cell after being charged with sex trafficking dozens of minors.In August 2019, an unsealed document from a defamation lawsuit involving Epstein's former girlfriend, <a target="_blank" rel="" href="https://www.businessinsider.com/jeffrey-epstein-prince-andrew-virginia-roberts-court-case-2019-7">Ghislaine Maxwell</a>, alleged that the Duke had engaged in sexual relations with one of Epstein's alleged victims on three occasions.<a target="_blank" rel="" href="https://www.businessinsider.com/prince-andrew-accuser-virginia-roberts-guiffre-now-netflix-scoop-2024-4">Virginia Roberts Giuffre,</a> the alleged victim who filed the lawsuit, claimed Maxwell and Epstein sex-trafficked her and forced her to have sex with Andrew.<a target="_blank" rel="" href="https://www.businessinsider.com/prince-andrew-statement-appalled-jeffrey-epstein-sex-abuse-claims-2019-8">Andrew denied</a> the claims in a statement released by Buckingham Palace in August 2019, but his subsequent BBC interview caused a controversy of its own.Speaking to<a target="_blank" class="" href="https://www.bbc.co.uk/news/articles/clyn7ylgj5lo"> BBC News</a> earlier in September, Maitlis said the prince "lost the respect of the nation."<h2 id="a2b60bf7-eabe-4a95-be03-c86fd0b1d7d1">The repercussions</h2>The interview appeared to severely damage the public perception of Andrew, who is the younger brother to King Charles. As a working royal, the prince was once known for his business partnerships and investments. He held the <a target="_blank" class="" href="https://www.royal.uk/the-duke-of-york">role</a> as the UK's Special Representative for International Trade and Investment until 2011.However, multiple firms with strong links to the prince <a target="_blank" class="" href="https://www.businessinsider.com/prince-andrew-jeffrey-epstein-interview-firms-cut-ties-list-2019-11">distanced themselves</a> in the aftermath of the interview. Pitch@Palace, a <a target="_blank" class="" href="https://www.businessinsider.com/what-party-at-buckingham-palace-is-like-photos-2018-11">charity Andrew created</a> for tech startups and investors, was blacklisted by multiple former sponsors, including KPMG, Standard Chartered, and Cisco. The charity removed Andrew's name from its website in 2020, <a target="_blank" class="" href="https://www.bbc.co.uk/news/business-51442662">BBC News</a> reported at the time. It's unclear if he still holds a role behind-the-scenes. Meanwhile, high-ranking royal family members, including King Charles and Prince William, refrained from publicly supporting Andrew and are still rarely photographed with him.The prince's daughters, Princess Beatrice and Princess Eugenie, have continued to support him, though it's worth noting that Andrew was notably <a target="_blank" class="" href="https://www.businessinsider.com/princess-beatrice-wedding-details-you-missed-from-secret-ceremony-2020-7">left out of Beatrice's wedding photos</a> in 2020.<a target="_blank" class="" href="https://www.businessinsider.com/kristen-meinzer-says-not-friends-meghan-markle-tom-bower-book-2022-7">Kristien Meinzer</a>, a royal commentator, author, and host of several <a target="_blank" class="" href="https://www.kristenmeinzer.com/podcast-host">podcasts</a> including "The Royal Report," told BI that the royal family is unlikely to "ever fully cut ties" with Andrew, even as they distance themselves.She said this could be for several reasons, including her belief that the prince is "incapable of taking care of himself" after a lifetime of royal privilege.When he was a working royal, the prince received a yearly salary from the Sovereign Grant, funded by UK taxpayers. <a target="_blank" class="" href="https://www.telegraph.co.uk/news/2019/11/23/quarter-million-security-cost-taxpayer-prince-andrews-business/">The Telegraph</a> reported that taxpayers paid more than a quarter of a million pounds, or around $328,000, for his international security detail since 2014. Meanwhile, royal commentator and public relations consultant <a target="_blank" class="" href="http://richardfitzwilliams.com/">Richard Fitzwilliams</a> said the prince will always hold the support of his two daughters and ex-wife, Sarah Ferguson. The two have <a target="_blank" class="" href="https://www.businessinsider.com/sarah-ferguson-said-she-was-luckiest-girl-marrying-prince-andrew-2021-12">remained close</a> over the years and it's been <a target="_blank" class="" href="https://www.businessinsider.com/sarah-ferguson-says-most-persecuted-woman-royal-history-2021-12">widely reported</a> that they still live together at Royal Lodge, a <a target="_blank" class="" href="https://www.bbc.co.uk/news/articles/cly3k28w31zo">$39 million property</a> in Windsor that Andrew leases from the Crown Estate. "He is such a kind, great man, he is a brilliant father and now a fantastic grandfather," Ferguson said in an interview on the Italian talk show <a target="_blank" rel=" nofollow" href="https://www.raitalia.it/dl/PortaliRai/Programmi/PublishingBlock-bfe4cedd-d5a6-4daa-bcc9-33078d07ab3a.html?ContentItem-31ad08f1-a2dd-453e-a79f-20cfd779b42a">"Porta a Porta" </a>in December 2021, cited by <a target="_blank" class="" href="https://www.dailymail.co.uk/femail/article-10312341/Sarah-Ferguson-says-fairytale-Prince-Andrew-ended.html">MailOnline</a>."I believe that the love I have for him and he has for me is just very different from what normal people have. We have great respect and love for each other," she added.Royal commentator Victoria Arbiter <a target="_blank" class="" href="https://www.businessinsider.com/prince-andrew-public-life-over-experts-say-2024-1">previously told BI</a> that while Andrew's "public life is over," he is still likely to continue attending family events.In 2023, he attended a Christmas Day church service alongside the royal family and he was also present at King Charles' coronation earlier that year.Schofield said the institution is unlikely to ever fully reject Prince Andrew. However, she noted that his involvement in family events could be scaled back when Prince William ascends the throne."I do believe we will see much less of him under a King William reign," she said. "Prince William is incredibly intelligent and recognizes that you are only as strong as your weakest member. He will be very keen of this when he is in charge."William and Kate have never publicly commented on Andrew's situation. However, in March 2020, Prince Harry—who left the institution that year—was <a target="_blank" href="https://www.businessinsider.com/prince-philip-funeral-prince-harry-andrew-have-awkward-reunion-2021-4">secretly recorded</a> saying that he was "completely separate" from his uncle."I have very little to say on that. But whatever he has done or hasn't done, is completely separate from me and my wife," he said.Buckingham Palace did not immediately respond to a request for comment.

Prince Andrew's future is murkier than ever. But the royals may never fully cut ties.

Imagine taking a deep breath, expecting fresh, clean air, but instead, inhaling particles so tiny they’re invisible but powerful enough to change your life. For millions worldwide, that’s the reality — and it’s taking a toll on their lungs. A new global study shows that nearly 30% of <keyword id="22476122" type="General" weightage="100" keywordseo="asthma-cases" source="keywords">asthma cases</keyword> can be traced back to long-term exposure to <keyword id="20147117" type="General" weightage="20" keywordseo="fine-particulate-matter" source="keywords">fine particulate matter</keyword>, or <keyword id="20573061" type="General" weightage="20" keywordseo="PM2-5" source="keywords">PM2.5</keyword>, the kind of pollution that often comes from cars, factories, and even cooking fires. <h2>How PM2.5 impacts asthma</h2>Asthma is a chronic respiratory condition characterised by recurring symptoms like wheezing, coughing, and difficulty breathing. While the exact causes of asthma remain complex and varied, this new study underlines that PM2.5 pollution is a significant risk factor. The study brings together insights from 68 epidemiological studies conducted across 22 countries, spanning regions from North America to South Asia. This comprehensive meta-analysis demonstrates the consistent impact of PM2.5 on asthma development. <div type="Article" hostid="261" msid="114504550" title="Most people miss THIS warning on their mosquito repellent vaporizer’s label" mstype="2" mssubtype="0"></div>Lead author Dr Ruijing Ni explained, “We estimate that globally in 2019, almost a third of asthma cases are attributable to long-term PM2.5 exposure, corresponding to 63.5 million existing cases and 11.4 million new cases.” <h2>The Indian asthma problem</h2>India, one of the world’s most polluted countries, faces a particularly severe burden from <keyword id="19900550" type="General" weightage="20" keywordseo="air-pollution" source="keywords">air pollution</keyword>. Studies have shown that PM2.5 levels in many Indian cities far exceed the <keyword id="19896311" type="General" weightage="20" keywordseo="World-Health-Organization" source="keywords" meta.keywordsubtype="org" meta.entityname="World Health Organization" meta.hostid="261" meta.entityid="World Health Organization">World Health Organization</keyword>'s safe limit of 5 µg/m³. This exposure is especially dangerous for children, whose lungs and immune systems are still developing. The numbers are worrying: around 15-20 million Indians suffer from asthma, making up a significant portion of the estimated 339 million cases worldwide. Children are disproportionately affected; a 2019 report indicated that approximately 6% of children aged 1 to 5 in India show asthma symptoms. This exposure often results in airway inflammation and oxidative stress, which increases vulnerability to <keyword id="19923193" type="General" weightage="20" keywordseo="respiratory-diseases" source="keywords">respiratory diseases</keyword>. <h2>What the data says</h2>The research team employed exposure-response curves to better understand the link between PM2.5 levels and asthma cases. By considering data from both high-income and low- and middle-income countries, the researchers could provide a more accurate global assessment of PM2.5’s <keyword id="21037424" type="General" weightage="20" keywordseo="health-impact" source="keywords">health impact</keyword>. The study found that in Germany, for instance, PM2.5 may be responsible for about 11% of new asthma cases — roughly 28,000 people. However, the burden is even higher in low- and middle-income countries like India, where higher levels of pollution are coupled with limited healthcare access. This disparity highlights the need for global action to reduce PM2.5 emissions, especially in regions where pollution levels and health impacts are most severe. <h2>Policy implications and recommendations</h2>The findings have clear implications for policymakers. Strengthening <keyword id="19918941" type="General" weightage="20" keywordseo="air-quality" source="keywords">air quality</keyword> regulations, especially in high-exposure regions, could prevent millions of new asthma cases and reduce healthcare costs. “Our findings highlight the urgent need for policymakers to enforce stringent legislation to continuously combat air pollution,” emphasised another study author Prof. Yafang Cheng. <div type="Article" hostid="261" msid="114695519" title="Are your green firecrackers really ‘green? Here’s all you need to know before doing your Diwali shopping" mstype="2" mssubtype="0"></div>In addition to governmental measures, personal protective actions like wearing masks and installing air purifiers in homes can also help individuals reduce their exposure to PM2.5, particularly during high-pollution periods. This study adds to the growing evidence that reducing air pollution is critical for public health. While global challenges like PM2.5 pollution may seem daunting, each step toward cleaner air can bring significant health benefits. For countries like India, where asthma rates and pollution levels are both alarmingly high, these findings underscore an urgent need for both policy and community action to protect the most vulnerable — particularly children.

Air Quality Alert: Nearly 30% of asthma cases tied to fine particulate matter exposure from bad air

<ul class="summary-list"><li>Russian President Vladimir Putin is meeting leaders from China, India, Vietnam, and Indonesia amid heavy sanctions.</li><li>Russia seeks to end diplomatic isolation by engaging with "swing nations" beyond autocratic allies.</li></ul>Russian President Vladimir Putin is having a very social year as his country continues to wage war in Ukraine.So far, Putin has met top leaders from Asian countries including <a target="_blank" class="" href="https://www.businessinsider.com/putin-bromance-xi-jinping-display-china-remains-wary-russia-2024-5">China,</a> <a target="_blank" class="" href="https://www.businessinsider.com/russia-economy-india-modi-putin-hug-west-isolation-big-blow-2024-7">India,</a> <a target="_blank" class="" href="https://www.businessinsider.com/vietnam-russia-putin-visit-us-wary-manufacturing-supply-chain-diplomacy-2024-6">Vietnam,</a> and <a target="_blank" class="" href="http://en.kremlin.ru/events/president/news/74678">Indonesia.</a> That's plenty of publicity for a heavily sanctioned individual from a country facing sweeping trade restrictions.And there's a strategic reason for all those meetings, Sean McFate, an adjunct professor at the Syracuse University Maxwell School of Citizenship and Public Affairs, told Business Insider.Russia is trying to emerge from diplomatic isolation and is looking to forge strategic relationships beyond autocratic partners like China, North Korea, and Iran, McFate said."Putin is eyeing strategic swing nations like India, which opposes China and trades with Russia," he added. "That gives Russia some advantage over China, as their relationship has chilled somewhat."On Wednesday, Putin rubbed shoulders with <a target="_blank" class="" href="https://www.bernama.com/en/news.php?id=2336886">Malaysian Prime Minister</a> Anwar Ibrahim in Russia. The two countries were set to discuss a range of issues, including trade and investment.This meeting came on the heels of Putin's trip to <a target="_blank" class="" href="https://www.businessinsider.com/mongolia-explained-oil-why-didnt-arrest-putin-2024-9">Mongolia,</a> where he met President Ukhnaagiin Khürelsükh.Mongolia, as a member of the International Criminal Court, should have <a target="_blank" class="" href="https://www.businessinsider.com/putin-visiting-mongolia-icc-arrest-warrant-could-arrest-unlikely-expert-2024-8">arrested Putin,</a> who has an ICC arrest warrant against him.But the East Asian nation said it couldn't throw Putin in jail because it depends on Russia — an oil and gas giant — for its energy security."This supply is critical to ensure our existence and that of our people," a Mongolian government spokesperson told <a target="_blank" class="" href="https://www.politico.eu/article/mongolia-failure-arrest-vladimir-putin-international-warrant-international-criminal-court/">Politico.</a><h2 id="f0d1f4e5-36a9-4e82-ba4c-d30ab06a9d6a">It's about neutrality — and the economy</h2>Mongolia's explanation underscores the scale of Russia's economy. It's the 11th largest in the world and has an annual GDP of about $2 trillion, according to the <a target="_blank" class="" href="https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?most_recent_value_desc=true">World Bank.</a>While Russia's economy pales in comparison to the US' $27.4 trillion GDP, Russia is still an important partner for many developing economies.In particular, <a target="_blank" class="" href="https://www.eia.gov/tools/faqs/faq.php?id=709&amp;t=6.">Russia</a> accounts for about one-tenth of the world's oil production, making it an important resource supplier.Before its full-scale invasion of Ukraine, Russia's single largest trading partner was the European Union.In the last two years, Russia has managed to pivot to supplying <a target="_blank" class="" href="https://www.businessinsider.com/russia-economy-divert-oil-exports-europe-india-china-circumvent-sanctions-2023-12">China and India,</a> as well as nearly anyone who wants to buy discounted energy, be it <a target="_blank" class="" href="https://markets.businessinsider.com/news/commodities/sri-lanka-source-crude-oil-imports-russia-sanctions-fuel-shortage-2022-10">Sri Lanka</a> when it was in an economic meltdown just two years ago or <a target="_blank" class="" href="https://www.reuters.com/business/energy/turkey-saves-2-bln-russian-oil-imports-soar-despite-sanctions-2023-12-18/">Turkey</a> — a NATO member and aspiring EU member.While some countries, like China and Vietnam, have historical ties with Russia, others, like India and Sri Lanka, have also cited economic self-interest for their ongoing relationship with Russia — particularly if they're in difficult conditions themselves. Most, if not all of them, have also taken a neutral position on the war in Ukraine.Serik Zhumangarin, Kazakhstan's deputy prime minister, told <a target="_blank" class="" href="https://www.bloomberg.com/news/articles/2024-08-16/kazakhstan-will-not-blindly-follow-sanctions-on-russia-official-says">Bloomberg</a> last month that the country would no longer "blindly follow the sanctions" if the restrictions impact the country's key companies. Russia was Kazakhstan's largest trade partner before the war started.He told the media outlet that some of the sanctions against Moscow had hurt Kazakhstan more than Russia, and the West has done nothing to compensate the Central Asian nation.Using the economy to explain cozy diplomatic relationships with Russia appears to be gaining favor now that the Ukraine war is in its 31st month.After all, Russia is a <a target="_blank" class="" href="https://www.businessinsider.com/russia-resilience-sanctions-costly-unattainable-isolate-large-globally-integrated-economy-2024-2">large and globally integrated economy</a> that even the <a target="_blank" class="" href="https://www.businessinsider.com/russia-economy-lng-natural-gas-exports-europe-price-asia-2024-8">European Union</a> is still trying to decouple from.Even China, which in 2022 declared its friendship with Russia as a partnership with "no limits," now appears to be more keen on presenting the relationship in more pragmatic, businesslike terms.Just last month, <a target="_blank" class="" href="https://www.fmprc.gov.cn/chn/gxh/tyb/zyxw/202408/t20240821_11477597.html">China framed</a> Vice Premier Li Qiang's visit to Russia as one that seeks "complementary advantages and huge potential for practical cooperation" between Moscow and Beijing.<h2 id="1d83462f-51a7-4e76-82db-0f7f3244cb44">Russia is wooing the Global South</h2>Partnering with Russia on economic terms is unlikely to alarm the US and Europe, even if there are <a target="_blank" class="" href="https://www.state.gov/briefings/department-press-briefing-july-8-2024/">concerns</a> and <a target="_blank" class="" href="https://www.reuters.com/world/asia-pacific/us-rebukes-vietnam-ahead-expected-visit-by-russias-putin-2024-06-17/">strong criticism.</a>"Russia's foreign policy blitz is unlikely to be a threat to the EU and NATO," Syracuse University's McFate said.That's because Moscow is not making military alliances with partner countries to attack Europe, which views Russia as its top threat, he said. For the US, Russia is a distant second after China.Even so, there still may be changes afoot.Moscow is pushing a narrative of the Global South as a force in shaping an alternative world order, with the emerging nations of <a target="_blank" class="" href="https://www.businessinsider.com/brics-summit-countries-interested-brazil-russia-india-china-south-africa-2023-8">BRICS</a> — anchored by Brazil, Russia, India, China, and South Africa — forming an economic bloc.Russia is the BRICS chair this year, and Putin has invited Mongolia to join the group's summit in October. Malaysia applied to join the group, and <a target="_blank" class="" href="https://en.antaranews.com/amp/news/324871/joining-brics-based-on-president-elect-prabowos-decision-minister">Indonesia</a> is also considering an invitation to join the bloc. <a target="_blank" class="" href="https://www.reuters.com/world/middle-east/no-concrete-step-turkey-brics-membership-erdogans-party-says-2024-09-03/">Turkey</a> has also said it's interested in joining the group. "Indonesia, Malaysia, and Mongolia are an interesting test of those nations' 'neutrality' toward China, the US, international law (e.g., ICC), and the authority of the United Nations system," McFate said.Russia's push for a multipolar world order resonates with countries who desire a more equitable international order. And Moscow has shown it does have influence over lower- and middle-income countries, as evidenced by the non-participation or low-level participation of some Asian countries in June's Ukraine peace summit in Switzerland, Derek Grossman, a senior defense analyst at RAND, a think tank, wrote in a July <a target="_blank" class="" href="https://www.rand.org/pubs/commentary/2024/07/russia-is-a-strategic-spoiler-in-the-indo-pacific.html">commentary</a> for Foreign Policy."While Russia's sway is not at the level of China's or the United States', it is certainly enough to promote its anti-Western interests and disrupt the already precarious regional order," wrote Grossman.Countries around the world are weighing the dynamics."Regional allies will watch with interest to see if great powers can be played off each other," McFate said.

More countries are openly flaunting their ties with Putin. They say it's just business. 

<ul class="summary-list"><li>Meme coins named after suspected bitcoin inventors have rallied this week.</li><li>The jump in bitcoin creator-themed tokens comes ahead of a new HBO documentary about bitcoin.</li></ul>The crypto world will see another attempt to unmask the inventor of bitcoin with a new documentary this week — and tokens named after people thought to be the creator of the world's biggest crypto token are attracting a lot of attention ahead of the release. Meme coins referencing bitcoin's possible inventors have seen sharp swings this week as a new HBO documentary, set to premiere Tuesday, suggests it will solve the decades-old mystery. Coins like LEN, SASHA, and ODIN reference Len Sassaman, an American programmer long suspected of being bitcoin's creator. Since its launch on Sunday, <a target="_blank" href="https://coinmarketcap.com/dexscan/solana/HB85thRFZJJGGAq2wJQSuEKruGMUCEdh7bY8MBUSLStS/">SASHA</a>—which references Sassaman's cat—has garnered a market cap of $418,000 and has fallen 60% in the last day after a brief rally, according to data from CoinMarketCap.<a target="_blank" class="" href="https://coinmarketcap.com/dexscan/solana/Fx6MBEq8MdvD6hEjcjntAP5foGQxNGSjjg4k1wysjMDq/">SZABO</a>, meanwhile, a coin referencing computer scientist Nick Szabo, is up 377%. <a target="_blank" class="" href="https://coinmarketcap.com/dexscan/solana/ANSiHUhLvveDPHbeQX2wBCy5Ffboi8n9xkGBb8xNUJpA/">ADAM</a>, which refers to Blockstream CEO Adam Back, is up 346% in the last 24 hours. The crypto community has long <a target="_blank" class="" href="https://markets.businessinsider.com/news/currencies/who-is-satoshi-nakamoto-bitcoin-inventor-crypto-steve-jobs-apple-2023-4#:~:text=Satoshi%20Nakamoto%20is%20said%20to,as%20to%20their%20true%20identity.">speculated about the identity</a> of Satoshi Nakamoto, the pseudonymous author of the 2008 bitcoin white paper that established the idea of a frictionless, immutable payments system. After its release and bitcoin's launch, Nakamoto interacted with users on web forums until 2011. Sassaman, a cryptographer, has been among the top names most likely to be Satoshi Nakamotor for years due to his academic work on crypto and computer privacy, as well as the timing of his death.Nakamoto sent his last email to the bitcoin community in April 2011, saying he had "moved on to other things," but that the currency is in good hands. Sassaman died shortly after, in July 2011, which observers speculate is why the community has never heard from Nakamoto. Sassaman's wife, computer scientist Meredith Patterson, has <a target="_blank" href="https://x.com/maradydd/status/1364325186372304904">previously denied</a> that Sassaman created bitcoin, but acknowledged the new memecoins in a <a target="_blank" href="https://x.com/maradydd/status/1842648481220927800">post to X</a>:"Right, so, me not knowing really anything about the world of memecoins, I apparently sent a few DMers a Coinbase address," she wrote. "But if people are insisting on sending me memecoins about my cat, I'm not gonna say no."The documentary, called "Money Electric: The Bitcoin Mystery," will premiere on HBO on Tuesday and follows filmmaker Cullen Hoback's effort to unmask the creator of bitcoin.Ahead of the documentary's release, the mystery is also attracting attention on the prediction market <a target="_blank" href="https://polymarket.com/event/who-will-hbo-doc-identify-as-satoshi?tid=1728330100778">Polymarket,</a> with over $8 million in bets on who the documentary will name as the creator. In recent days, participants have increasingly bet in favor of Nick Szabo, a computer scientist who published research on bitcoin's precursor "bit gold." Szabo has garnered around 15% of the bets, while Sassaman has garnered 7% as of Tuesday morning.Around 7% of bettors suspect Blockstream CEO Adam Back, and a host of other cryptographers have attracted smaller shares of bettors.

Meme coins tied to the identity of bitcoin's inventor have rallied ahead of a new documentary that could reveal their identity

The fashion status symbols that will be popular this fall, from $158 hair ties to $4,500 men's bags 

Islamabad: Foreign Minister Ishaq Dar has said that <keyword id="19991528" type="General" weightage="100" keywordseo="trade-ties" source="keywords">trade ties</keyword> between Islamabad and New Delhi have remained suspended since 2019 due to the imposition of "heavy duties" by <keyword id="19895063" type="General" weightage="20" keywordseo="India" source="keywords">India</keyword> on imports from Pakistan after the <keyword id="20579845" type="General" weightage="20" keywordseo="Pulwama-attack" source="keywords">Pulwama attack</keyword>. In a written reply submitted to the <keyword id="19935944" type="General" weightage="20" keywordseo="national-assembly" source="keywords">National Assembly</keyword> on Saturday, Dar, who also holds the deputy prime minister's slot, said: "India decided to impose 200 per cent duty on imports from Pakistan, suspended the Kashmir bus service and trade across the Line of Control after the Pulwama attack." According to the Dawn newspaper, Dar was responding to a question by Pakistan Peoples Party lawmaker Sharmila Faruqui seeking details about trade challenges faced by Pakistan in its relations with neighbouring countries, especially India. In March, during a press conference in London, Dar highlighted the eagerness of Pakistan's business community to resume trade activities with India. However, his office later clarified that Pakistan has no plan to resume trade relations with India which has been "non-existent" since 2019. Pakistan downgraded its ties with India after the <keyword id="20467268" type="General" weightage="20" keywordseo="indian-parliament" source="keywords">Indian Parliament</keyword> suspended Article 370 on August 5, 2019, a decision that Islamabad believed undermined the environment for holding talks between the neighbours. "We have consistently advocated constructive engagement and result-oriented dialogue to resolve all outstanding issues, including the core issue of Jammu and Kashmir with India...," Dar said on Saturday. The foreign minister said that the "onus is now on Delhi to take steps for the creation of an environment that is conducive to peace and dialogue". India has been maintaining that it desires normal neighbourly relations with Pakistan while insisting that the onus is on Islamabad to create an environment that is free of terror and hostility for such an engagement. Islamabad and New Delhi have a long history of strained relations, primarily due to the Kashmir issue as well as the cross-border terrorism emanating from Pakistan.

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