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This young venture capitalist survived Hamas captivity. She told us how her work and advocacy are intertwined.

30 October 2026 at 13:17

After being held hostage by Hamas for 246 days following the October 7 attacks, Noa Argamani became one of the world's most recognizable advocates for those still in captivity.

Now, she's building a new path in venture capital at Vine Ventures, working with Israeli founders to scale their businesses in the US.

As part of Business Insider's The Long Play, Argamani opened up about the life and career she is building now, and how she plans to use her platform to support entrepreneurs in the region.

In a conversation with Business Insider editor in chief Jamie Heller titled "The Next Chapter," Argamani talked about how she chose venture capital as a career path, connecting with Michael Milken, and continuing her advocacy work.

Read the original article on Business Insider

What Taiwan can teach South Korea about China’s chip tech theft

30 October 2026 at 09:04

In November 2023, three engineers left a South Korean semiconductor testing-components company for a Chinese employer offering twice their previous salaries. According to South Korea’s Intellectual Property Office, they allegedly took proprietary probe-card designs, arranged for a Korean design firm to modify them, and used the technology to develop products in China. By December 2025, […]

The post What Taiwan can teach South Korea about China’s chip tech theft appeared first on Asia Times.

Gerry Cardinale’s RedBird Capital, Guy Oseary’s Sound Ventures Ink $1 Billion Investment Partnership

29 October 2026 at 11:38
The Skydance and Artists Equity backer and the talent manager's investment firm will deploy the cash toward companies "at the convergence of technology, media and culture."

AI coding startup Cognition is weighing a new funding round at a $70 billion to $80 billion valuation

28 October 2026 at 15:56
Scott Wu
Scott Wu cofounded Cognition in 2023.

IMF via Getty Images

  • AI coding startup Cogniton is fielding offers for a new funding round.
  • The round could value Cognition between $70 billion and $80 billion, according to people familiar with the matter.
  • The new offers come weeks after the company announced a $2 billion round at a $48 billion valuation.

Just weeks after announcing a new round of funding at a $48 billion valuation, AI coding startup Cognition is fielding new investor interest at a much higher price.

The startup has received offers valuing it at between $70 billion and $80 billion and is seriously considering a round before the end of the year, according to sources familiar with the matter.

The talks around the financing are still early, and valuation targets could still change.

Founded in 2023 by Scott Wu, Steven Hao, and Walden Yan, Cognition is best known for Devin, an AI coding agent designed to automate software engineering tasks. The San Francisco-based company's existing investors include a16z, Accel, Founders Fund, Khosla Ventures, Elad Gil, and Pear VC.

Cognition's rapid valuation climb underscores the investor frenzy around AI coding, one of the hottest and most competitive corners of the AI market. As companies race to sell AI coding agents that can take on more of the work engineers do, investors are placing increasingly expensive bets on the few startups they think could emerge as leaders.

A $75 billion valuation wouldn't be so far-fetched, as SpaceX just acquired fellow AI coding giant Cursor for $60 billion a few months ago.

Last month, Cognition was drawn into a public feud with rival Factory AI, which accused Cognition employees of posing as job applicants to seek product information and faulted a former Factory adviser for meeting with Cognition executives. Cognition and the former adviser denied that confidential information was sought or shared.

Got a tip? Email Katie anytime or contact her on Signal at kroof.26. Sign up for Business Insider's weekly VC Insider newsletter here.

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Intel CEO leads a $30 million bet on a startup aiming to unite hundreds of neoclouds. Read its pitch deck.

27 October 2026 at 09:00
Intel CEO Lip-Bu, Hyperbolic founder Jasper Zhang, and Walden Catalyst partner Shankar Chandran -- all wearing blue hoodies with the Hyperbolic logo.
Intel CEO Lip-Bu Tan, Hyperbolic founder Jasper Zhang, and Walden Catalyst partner Shankar Chandran.

Luke Dietz

  • Infrastructure startup Hyperbolic raised a $30 million round led by Intel CEO Lip-Bu Tan's VC firm.
  • The startup connects companies with neoclouds and makes their AI chips easier to use.
  • Hyperbolic also wants to let customers resell unused computing power.

Intel CEO Lip-Bu Tan is backing an infrastructure startup that has raised $30 million to help companies rent compute across hundreds of different AI cloud providers.

Hyperbolic, an AI chip marketplace and software startup, has raised $50 million to date.

Walden Catalyst, the venture capital firm founded by Tan and former Samsung president Young Sohn, led the Series A-1 funding round. Dell Technologies Capital, General Catalyst, Vista Equity Partners, and Cambium Capital also participated.

As companies scramble for computing power, one challenge is that AI cloud providers, or neoclouds, use a mix of different chips, networking, and software. Hyperbolic helps customers find compute resources from different providers and creates software that makes it easier to use them all, rather than dealing with each one separately.

"It's been a really fragmented market that makes the customer experience really painful," said 31-year-old founder and CEO Jasper Zhang.

Hyperbolic also wants to let customers resell compute that they're paying for but no longer need.

The four-year-old startup works closely with about 30 neoclouds, including WhiteFiber and Vector Core Compute. It says it has roughly $200 million worth of compute connected to its software annually.

Hyperbolic previously raised a $12 million Series A round in 2024, led by Variant and Polychain Capital, following a $7 million seed round earlier that year. The company expects to have 50 employees by the end of the year and will use its funding to expand software tools for managing AI chips across different neoclouds.

Zhang said the company is aiming for $150 million in annual recurring revenue by the end of the year and is already breaking even. More than 250,000 developers, including teams at Modal, Higgsfield, and Daytona, use Hyperbolic.

Before founding the company, Zhang worked as a quantitative researcher at Citadel Securities. As Wall Street explores ways to financialize AI chips, he said his startup's plans to let companies resell unused compute could help pave the way for a futures market.

Here's a look at the pitch deck Hyperbolic used to raise its $30 million Series A-1. Slides have been redacted so that the deck can be shared publicly.

Compute, Unified

Hyperbolic

About Hyperbolic

Hyperbolic

Meet the Team

Hyperbolic

Meet Our Advisors

Hyperbolic

Who We Are

Hyperbolic

Our Vision / Turning Fragmented, Heterogeneous Bare-Metal Compute into a Unified, Liquid, Productive AI Cloud

Hyperbolic

Trusted by Fast-Growing AI leaders and Research Labs

Hyperbolic

Investors / Backed by leaders in semiconductors, compute financing, and neocloud infrastructure

Hyperbolic

Vision & Solution

Hyperbolic

The Problem / The Frontier of Intelligence is Moving fast. AI Infrastructure are Struggling to Keep Up

Hyperbolic

Our Vision / Global Compute Should Move at the Speed of AI, Built Like One Unified Cloud

Hyperbolic

Our Product / Infrastructure that Turns Heterogeneous Compute into One Unified Productive Cloud

Hyperbolic

Our Technology / A Unified Blueprint for Scheduling, Trading, and Running Decentralized Compute

Hyperbolic

Infrastructure Deep Dive / Bare-Metal Performance, Production-Ready at Scale

Hyperbolic

Compute Grid Deep Dive / Turning Heterogeneous Compute into Liquid Asset

Hyperbolic

One Cloud for Every AI Workload

Hyperbolic

Our Product / One Unified Cloud for Every Compute Decision, Moving at the Speed of Ideas.

Hyperbolic

Our Customers: They Come, They Stay, They Grow

Hyperbolic

Turn GPUs into productive assets

Hyperbolic

Building Capacity is Hard. Hyperbolic Helps Make Every GPU Count.

Hyperbolic

Our Product / Hyperbolic Maximizes Beocloud's ROI and Speed to Market

Hyperbolic

GTM Strategy / Every Capacity is Different. Hyperbolic Offers Flexible Ways to Monetize Capacity

Hyperbolic

Turn Compute into a Liquid Asset

Hyperbolic

History Repeats. Compute Won't Stay Locked in Opaque Bilateral Markets for Long.

Hyperbolic

How Hyperbolic Accelerates the Path to a Physically-Settled Compute Exchange

Hyperbolic

Our path to hypergrowth

Hyperbolic

Partnership / Building the Ecosystem for a Liquid Global Compute Grid

Hyperbolic

Why Hyperbolic Wins / We Turn Fragmented Heterogeneous Compute into One Productive Cloud

Hyperbolic

Join us in putting the world's compute behind the people building what comes next.

Hyperbolic

Read the original article on Business Insider

This AI startup raised $300 million to build digital versions of consumers

27 October 2026 at 04:01
Person seated on a couch browsing clothing items on a smartphone shopping interface.
Simile, an AI startup, raised $300 million at a $2 billion valuation to build models that simulate consumer behavior.

Alistair Berg/Getty Images

  • Simile raised $300 million to build models that simulate consumer behavior.
  • CEO Joon Sung Park said users can define an audience and ask simulated consumers questions.
  • Park said CVS and companies in finance and entertainment are already working with Simile.

Companies could soon have a new way to find out your shopping habits — by asking your digital clone.

Joon Sung Park, Co-Founder & CEO of Simile, an AI startup, told show host Molly O'Shea on the Sourcery podcast released on Monday that the company is building simulations of people that businesses can quiz about everything from products to marketing campaigns.

Park said the company is "creating a foundation model of human behavior that basically can take as input a description of a person or a group of people and then simulate what these people might do in different contexts," Park said.

"So they get access to this web interface where they can basically come in and define two things," Park added of existing users. "They can say who they want to talk to and what questions they want to ask. And really they can ask anything, and right now they can ask any number of questions."

Park said Simile raised $300 million in total at a $2 billion valuation.

Simile’s pitch comes as retailers turn to AI to get shoppers to spend. Amazon and Walmart have rolled out AI shopping assistants that answer questions, compare products, and recommend items, while retailers use customer data to personalize what shoppers see. Executives at both companies have said their AI tools are helping boost online sales.

Park said CVS has worked with Simile to better understand consumers, including their responses to store layouts and messaging. The startup also works with financial institutions and entertainment companies, Park said.

Simile maintains simulated panels for different industries and collects additional data when customers want to understand a specific population. Park said Simile's partnerships with organizations, including Gallup, which have access to actual humans who have agreed to participate, provide it with data from more than 40 million people globally. He said the company also uses behavioral information, such as transaction and mobility data, to train its models.

“If we can create simulations of people and be able to ask any questions at any time," Park said, "That becomes a superpower for these companies."

Read the original article on Business Insider

Why one VC firm is mentioned more than 50 times in Anthropic's S-1

26 October 2026 at 18:05
Anthropic logo displayed on a laptop screen and Claude on App Store displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on October 16, 2026. (Photo by Jakub Porzycki/NurPhoto via Getty Images)

Jakub Porzycki/NurPhoto via Getty Images

  • Spark Capital is mentioned more than 50 times in Anthropic's S-1 filing, released Monday.
  • The reason Spark gets the most mentions is because partner Yasmin Razavi has a board seat.
  • Spark led the $450 million Series C round at a $4.5 billion valuation in May 2023.

Spark Capital's Yasmin Razavi has a reputation for refusing to make gut calls. Her methodical decision to invest in Anthropic is now set to generate one of the biggest fortunes in Silicon Valley history, as Anthropic prepares to IPO.

Many venture firms, including Lightspeed and Menlo Ventures, are major Anthropic investors, but Spark is the only traditional VC firm named in the filing. And it's not just a few mentions. Spark is named more than 50 times.

The reason Spark gets the most ink is because Yasmin Razavi has a board seat after being the first institutional investor in the company, leading the $450 million Series C at a $4.5 billion valuation in May 2023.

This was just six months after ChatGPT was released to the public, and the jury was out on whether a rival like Anthropic could catch up. Many balked at the price, calling it too expensive.

"It was a big leap of faith, but this was the team that built GPT-3," Razavi told Forbes.

The filing says that Spark has invested $777 million in Anthropic across six financings since then, including $75 million in the first pivotal round at $11.22 per share.

Spark was already known for making early bets on Postmates and Discord, but it was the Anthropic investment that transformed the firm's Silicon Valley reputation from a good venture firm to a great one.

Razavi said she has been continuously wowed by CEO Dario Amodei.

"Every year, he puts out outrageous numbers, but somehow they magically become true," Razavi told Forbes. "Dario never misses."

Soon, Amodei will face a greater test: the public markets.

Please send along your tips. Email Ben or Katie anytime or contact them on Signal at benbergman.11 and kroof.26. Sign up for Business Insider's weekly VC Insider newsletter here.

Read the original article on Business Insider

Anthropic S-1 Reveals Rapid Growth Ahead of Blockbuster IPO

Ahead of what could be the largest public listing ever, Anthropic said revenue soared to $16.3 billion in the first half of the year, and it planned to spend $807 billion on A.I. infrastructure.

© Jason Henry for The New York Times

Anthropic, a powerhouse in A.I., is only five years old and seemingly came out of nowhere.

Vídeo mostra Goiânia do alto em homenagem aos 93 anos da capital

24 October 2026 at 17:37

Goiânia completa 93 anos neste sábado (24/10), e um vídeo celebra a história da capital goiana com imagens aéreas de diferentes pontos da cidade. A gravação destaca paisagens urbanas, edifícios e vias que fazem parte do cenário da capital. Os perfis Sky Studio (skystudiofilms) e Sobre Goiânia (@sobregyn) publicaram o conteúdo.

O registro reúne cenas diurnas e noturnas, com vistas panorâmicas dos prédios, avenidas e complexos viários. O vídeo também apresenta o Autódromo Internacional de Goiânia, um dos espaços esportivos conhecidos da cidade.

Com a mensagem “Parabéns, Goiânia, 93 anos”, a produção celebra mais um aniversário da cidade e destaca diferentes cenários da capital, conhecida por suas áreas verdes, arquitetura e expansão urbana.

Vídeo: @skystudiofilms | @sobregyn

The post Vídeo mostra Goiânia do alto em homenagem aos 93 anos da capital appeared first on Diário da Manhã - O Jornal do leitor Inteligente.

The housing crisis is now global. It shows just how undemocratic our nations have become | Leilani Farha

19 October 2026 at 06:00

When we can’t even afford to rent or buy somewhere to live, we have to ask: did we give the financial sector too much power?

  • Leilani Farha is the former UN special rapporteur on adequate housing

In the summer of 2021, I visited a homeless community in a park in Toronto, Canada, and spoke to one of the residents. He was living in a tent in the shadow of brand new skyscrapers, and had been homeless for about five years. At one point he swivelled around, pointed up at a crane on the skyline, and said: “Who are they building those for? Definitely not for me.”

He was right. And he captured something experienced by ordinary people around the world: the growing conviction that the housing system is no longer tethered to their needs. What he was pointing at is not just a housing crisis. It is a crisis of democracy.

Leilani Farha is the 2026 CBC Massey lecturer. This piece is based on her new book: Housing Inc.: A Global Takeover and Our Fight for Home. She is the former UN special rapporteur on adequate housing and the global director of the international human rights organisation, The Shift

Continue reading...

© Illustration: Nathalie Lees/The Guardian

© Illustration: Nathalie Lees/The Guardian

© Illustration: Nathalie Lees/The Guardian

Commanders from Azov, Marines, and 93rd tell Ukraine’s defense minister what front needs. He wants their methods scaled to other units

17 October 2026 at 14:09

Ukrainian Defense Minister Yevhenii Khmara met commanders and soldiers from front-line units to discuss the needs of the front on 16 October, 2026. Source: The Ukrainian Defense Ministry

The front changes faster than any headquarters, so Ukraine’s war chief went to the people who fight on it. On 16 October, Ukrainian Defense Minister Yevhenii Khmara met commanders and soldiers from front-line units to discuss the needs of the front, command practices that save lives, and ways to raise combat effectiveness, the Defense Ministry reported.

The front keeps changing, with technology, tactics and weapons shifting constantly, so decisions made far from it risk arriving late and costing lives. Khmara’s answer is to anchor ministry policy in the experience of the soldiers who fight, a continuation of the “machines over men” program.

"The front does not stand still. But the key thing is people. People will always be the foundation and the main value of the Defense Forces,” Khmara said.

He claimed that the decisions of the Ministry of Defense must take into account the experience of warriors, those who directly carry out combat missions at the front.

Ukraine's most battle-hardened brigades say their word

The meeting drew commanders from across the force, including the Airborne Assault Forces, the Marine Corps, the 93rd, 100th, 28th and 155th mechanized brigades, the 1st, 425th and 475th assault regiments, the 3rd and 59th assault brigades, and Azov.

The last one, the 1st Azov Corps of the National Guard of Ukraine, is actively fighting in the Donbas region, where units have led counter-operations to disrupt Russian advances toward fortress cities that have been holding Russia's operation since 2014.

Meanwhile, the 93rd "Kholodnyi Yar" Separate Mechanized Brigade took part in fierce battles for Ilovaisk, the Donetsk Airport, Debaltseve, and Bakhmut, as well as in the liberation of the Kharkiv Oblast. Both units are known for their extensive implementation of advanced military technologies, including ground robotic complexes, FPV strike drones, and innovative anti-drone electronic warfare systems.

Command tricks that keep soldiers alive

The talk turned on how good commanders cut their own losses. Participants discussed command approaches that help save soldiers’ lives, use resources efficiently, and achieve combat results.

The ministry wants those methods studied and spread to other units, treating commanders' hard-won judgment as something to scale rather than leave in one brigade.

One goal: fewer Ukrainian losses, more Russian ones

Khmara framed the task in plain terms.

“We must adapt faster and give our warriors modern and effective tools,” he stressed, calling it the shared job of the Defense Ministry, the commander-in-chief and the General Staff.

Voters or capital: Who rules Berlin?

8 October 2026 at 21:07

On September 20, 2026, Die Linke achieved a historic result. With 25.7% of the vote, the party became the largest in the Berlin parliament for the first time. The traditional parties of power (the CDU, the SPD, and the Greens) are left standing. A left-wing government with Elif Eralp as governing mayor is, in theory, within reach.

The reason for this success is no mystery. It is substance. During the campaign, thousands of Die Linke volunteers went out into the neighborhoods. Door to door. Building to building. Up one stairwell, down the next. They came not with shiny brochures, but with one fundamental question: what keeps people awake at night?

For hundreds of thousands of Berliners, the answer is painfully clear: rent. The envelope that lands on the doormat every month. The knowledge that an ever-larger share of their wages flows straight into the bank account of some anonymous slumlord.

Die Linke wants to make rents affordable, break the power of listed real estate giants, and finally implement the outcome of the referendum. In that 2021 referendum, more than one million Berliners voted for the socialization of large housing stock.

Berliners consider no other party as competent on housing. The figures speak for themselves: after the election, 37% of all Berliners say Die Linke has the best solutions for affordable housing.

The establishment strikes back: the great reversal of the debate

Die Linke won on material issues: housing, rent, ownership. But within no time, the press and the talk shows have all but stopped talking about any of it. Suddenly the political debate is dominated by accusations of antisemitism. By stories about the Rote Hilfe, a left-wing solidarity organization that provides legal support to activists and prisoners. By alleged connections to criminal “clans.” By the suggestion that parts of the party lie outside the acceptable democratic framework. Suddenly, the burning question in the media is no longer how to lower rents, but whether Die Linke is “even fit to govern at all.”

It is the great reversal of the debate. Center stage no longer belongs to the unaffordable rents, the power of real estate corporations, and the housing crisis, but to the legitimacy of the party that won precisely on those issues. Meanwhile, the federal establishment works hard behind the scenes to make any possible socialization of real estate giants, the so-called Vergesellschaftung, legally impossible. Yet Article 15 of the German Constitution makes such socialization possible in principle.

What we see here is an organized counterattack from established economic and political power blocs. They open multiple fronts simultaneously – economic, legal, political, and ideological. Let us take a closer look at the nine forces that have now mobilized against Die Linke in Berlin.

1. Real estate capital

The most direct clash is with real estate capital. Die Linke wants to expropriate profit-driven housing companies that own more than three thousand units each. That concerns a total of over 200,000 housing units in the city. Among them is Europe’s largest real estate company Vonovia, which alone owns 138,000 units in Berlin.

On September 21, the morning after the election, BFW Berlin-Brandenburg, the lobby club of private project developers, pulls the emergency brake. The real estate group warns of “a step backward in housing policy.” Expropriation would slow new construction. Private capital would flee. The BBU, the association of housing companies in Berlin-Brandenburg, also springs into action. In Handelsblatt, Welt, Die Zeit, and Tagesspiegel it warns of “massive investment risks.” In short, as soon as its property and profit model is even slightly threatened, the real estate lobby pulls out all the stops and lets the organ roar.

Here you see class struggle in its most material form. Die Linke wants to shift power from large real estate owners to tenants and public ownership. The real estate sector wants to preserve the existing regime of private property, rental income, and investment returns.

What is at stake is concrete: who owns the apartments, who controls rental income, where does public money go, and who may decide politically about it?

2. Financial capital

Where there is real estate, there are banks. On that same September 21, Die Deutsche Kreditwirtschaft, the powerful umbrella organization of the German banking sector, issues an official warning. Socialization of housing would deter private capital. It would make real estate financing more difficult. It would drive risk premiums sky-high. It would – for hypocrisy knows no bounds – “reduce funds for education and social policy,” as if the German banking sector had ever been guided by such concerns in past decades.

Financial markets also react immediately. Vonovia’s stock price takes a hit and falls 1.7% against the trend, to its lowest level since June 2023. Deutsche Wohnen takes a beating too. Why? Because for these guys, housing in Berlin are not places where people live, love, and raise children. For big capital, housing units are investment vehicles and collateral for gigantic mountains of debt. If you remove those homes from the private market, you hit not only the slumlord but also the wealth manager, the banker, and the speculator behind the entire parasitic ecosystem of Frankfurt. That too is class struggle.

3. The Berlin business establishment

Traditional Berlin capital had already dug in before the election. The four major employer organizations – the Chamber of Commerce (IHK Berlin), the Handwerkskammer, the VBKI, and the UVB – closed ranks in their so-called Wahlarena der Berliner Wirtschaft, a joint election forum where the main parties had to defend their economic programs before organized Berlin business.

Their lobbying does not stop on election day. After Die Linke’s victory, VBKI chairman Harald Christ mounts his warhorse. His message? “Anyone who wants to expropriate private property in this city puts our future at stake.” The VBKI is one of the most elite clubs of Berlin businessmen, of the sort that lives more on returns from property and the labour of others than on their own labour. According to Harald Christ, who himself holds no elected public mandate, a party “that does not clearly distance itself from antisemitism” should not govern either.

Here you see how the two lines of attack of the establishment merge perfectly. On one hand, defence of sacred private property. On the other, moral blackmail. Die Linke must be treated as a pariah as long as it does not jump through all the hoops of the establishment.

4. The arms industry

A second economic front is the arms industry. For the militarists, Berlin must become a hub in the arms industry. Die Linke sees it differently. The party wants no expansion of military industry in the city, no military propaganda on the streets, and no army recruiters in schools.

That is blasphemy in the church of German militarism. In its hunger for new billion-dollar contracts, the German military-industrial complex of Berlin-Brandenburg wants to create a cluster for defence and aviation. Martina Klement, Minister of Economic Affairs in Brandenburg, already threatened that her state would “continue alone if necessary” if the Berlin government blocked its plans. She points an accusing finger at Die Linke’s critical attitude towards the Rüstungsindustrie, the arms industry. That too is class struggle: will Berlin become a cog in the booming war economy, or will the city build a dam against it?

5. The federal state and the institutional veto

Pressure on Die Linke comes not only from banks, real estate groups, and lobbies. Parts of the state apparatus are also intervening directly into the conflict.

The decision that Die Linke must under no circumstances lead the formation of a Berlin government seems to have been decided even before the polling stations closed on September 20. A few minutes after 6 pm, with the polls barely closed, Federal Chancellor Friedrich Merz gave a speech with one clear message: he continues his course, whatever the election result.

A day later, Merz announced he wants to fast-track with a federal law against the socialization of large real estate companies. His coalition had previously made agreements about this, but after Die Linke’s victory it suddenly became urgent. Germany, according to Merz, had to make it clear to international investors that private property remains safe and is not simply expropriated. That it is Merz, of all people, who brings this message is not without meaning. Before his return to politics, he chaired the supervisory board of the German branch of asset manager BlackRock from 2016 to 2020, one of the largest financial players in the world.

What is at stake is Article 15 of the German Constitution.Since 1949, it has explicitly stated that land, natural resources, and means of production can be transferred to common ownership or other forms of communal economy by law, provided compensation is regulated by law. That provision has never been applied. The struggle in Berlin is precisely about whether it can be used for the first time against large real estate companies.

Other statesmen also do not hold back. For example, Bavarian Minister-President Markus Söder (CSU) threatens to question financial transfers to Berlin if the city pursues too leftward a course. Bavaria is one of the richest states and a major net contributor to Germany’s system of redistribution. Bavaria is rich, Bavaria pays. And so Söder wants to dictate what Berlin votes. A dangerous Lega-Nord-ization of German federalism: the rich region buying off democracy in the poorer region.

Individual ministers also intervene via their official function. Federal Minister of Economic Affairs Katherina Reiche used her ministry’s Instagram account to attack Die Linke over expropriations, antisemitism, and alleged ties to organized crime. Die Linke has taken legal action against this, invoking the duty of neutrality that binds state institutions.

Even the judiciary has been drawn into the debate. Berlin Attorney General Margarete Koppers warned, amidst the controversy over alleged ‘clan’ contacts around Die Linke, that criminal networks deliberately seek out politicians. She did not accuse Die Linke directly, but her intervention gave additional institutional weight to the image built around the election winner.

Merz and his Vice Chancellor and Finance Minister Lars Klingbeil (SPD) know well what is at stake: if socialization of large real estate companies succeeds in Berlin, it could also raise expectations elsewhere – in the automotive industry, energy sector, or other strategic sectors.

It is precisely this precedent that must be stopped. An electoral victory for Die Linke must under no circumstances grow into an infringement of the existing order of property, let alone into an example that sparks other social struggles.

6. The police and security apparatus

A sixth pressure line comes from the police apparatus. After the election, certain police unions in Berlin warned that a government led by Die Linke could weaken the police by restricting its powers, its surveillance, and its capacity for repression. The Gewerkschaft der Polizei (GdP) went further and warned SPD and Greens that “the security of this city is at stake.” It also suggested officers might leave Berlin to work in other German states.

That threat quickly gained a practical dimension. CDU-led governments in Baden-Württemberg and Brandenburg openly invited Berlin police officers to transfer and explicitly linked that recruitment campaign to the prospect of a government led by Die Linke.

That is organized pressure and blackmail from certain police unions and conservative state governments: accept our vision of police and security, or we will drain your force dry.

7. The Israeli Embassy

And then there is the elephant in the room: the campaign around antisemitism. On September 26, ARD, the major German public broadcasting corporation, found that the controversy over antisemitism had by then “overshadowed all other topics since the election victory.”

Ambassadors are normally not supposed to interfere directly in the host country’s domestic political decision-making. That did not prevent Israeli Ambassador Ron Prosor from warning after Die Linke’s victory of an “immediate existential threat” to Jewish life in Berlin. Prosor, a Netanyahu loyalist and critic of the International Criminal Court, accuses parts of Die Linke of “unrestrained antisemitism” and hostility toward Israel.

Virtually simultaneously, Josef Schuster, Chairman of the Central Council of Jews in Germany, addressed the SPD and the Greens directly: anyone who helps Die Linke into the Rote Rathaus, the Berlin City Hall, is, in his view, putting social cohesion and Jewish life at risk.

Within the SPD and the Greens, that Israeli pressure finds a willing ear. SPD politician Martin Hikel calls cooperation impossible with a party that, in his words, “tolerates antisemitic statements.” Antisemitism and the defence of Israel have now become central topics in initial talks between Die Linke, the SPD, and the Greens. In this way, the Israeli intervention weighs directly on the political climate in which a new Berlin government is being negotiated.

Behind that lies a broader strategic entanglement. Despite the genocide in Gaza, Germany and Israel continue expanding their military-industrial cooperation. Israeli arms producer Elbit Systems signed new strategic cooperation agreements this year with companies including TKMS and Diehl Defence, among other things for naval weapons systems and drones for the Bundeswehr. Elbit wants to build up to eight new facilities in Germany over the coming years.

That makes the struggle over Israel material as well. It’s not just about Gaza, apartheid, and Israeli settler colonialism, but also about increasingly close military and industrial interconnection. In such a context, the label “antisemitism” takes on particularly political charge when used against forces opposing the Israeli government, German rearmament, or that growing military-industrial cooperation.

8. ELNET: the international lobby network

Beyond the Israeli embassy lies a much broader lobby infrastructure. What stands out is how the theme of antisemitism repeatedly comes to centre stage whenever a consistent left force achieves electoral breakthroughs.

In Great Britain, three major newspapers declared jointly in 2018 that a government under Jeremy Corbyn would constitute an “existential threat” to Jewish life. Corbyn had to be politically delegitimized because he broke with the consensus on Israel, openly supported the Palestinian cause, and simultaneously defended a socio-economic program that collided head-on with British establishment. The accusation of antisemitism thus became a weapon in a broader struggle to declare him unfit for governmental power.

The same pattern surfaced in France. In 2024, Yonathan Arfi, chairman of the umbrella organization of Jewish institutions in France (CRIF), declared that “La France Insoumise (LFI) has no place in government.” Again the accusation was: “antisemitism.” In reality, it was about left criticism of the genocide in Gaza. For recent French municipal elections, French security service Viginum exposed a massive Israeli disinformation campaign run by the shadowy Blackcore. With fake sites, false profiles, fake news, and AI bots, LFI candidates were systematically smeared.

In Berlin, attention focuses mainly on ELNET Deutschland, a lobby organization that seeks to strengthen Israeli-European ties. The money for this little party comes mainly from the US. The German office received over one million euros from ELNET US in a single year.

ELNET financed trips to Israel for at least 51 Bundestag members and brought six IDF officers to the capital for talks with politicians, the Bundeswehr, and media shortly before the Berlin election. Thus ELNET forms an important link between Israeli security circles and the German political establishment, and possesses considerable financial resources and direct access to decision-makers. In the current Berlin debate, that infrastructure strengthens a political climate in which attitude toward Israel increasingly serves as a touchstone for the question who may and may not govern.

9. The United States

Finally, there is American interference. The United States has made no secret in its official National Security Strategy that it actively supports far-right and nationalist forces in Europe – such as the Rassemblement National in France or the AfD in Germany. For Trump, such Europe offers a double advantage: allies who stand closer to Washington, but simultaneously an EU that remains internally divided and less able to act as an independent international power.

American heavyweights like Elon Musk, Donald Trump, JD Vance, Marco Rubio, and former ambassador Richard Grenell have intervened openly in German politics in recent years, typically in ways giving AfD more legitimacy and political space. When AfD scored in Saxony-Anhalt, Trump, Musk, and Grenell were in the front row to cheer. Trump publicly celebrated the result, Musk wrote “Gut gemacht!” (Well done!), and Grenell spoke of “a great victory and a new day in Germany.” That was barely two weeks before the Berlin election.

Meanwhile, the American embassy in Germany set aside approximately $400,000 this summer for German civil society organizations, among other things for projects around “countering antisemitism.” They use diplomatic funds to determine domestic political agendas. On Washington’s instructions, American embassies in Europe feed the witch hunt against the left, while helping the far right into the saddle.

A desperate move

Add all these forces together (banks, real estate companies, employers, arms industry, judiciary, federal government, embassies, and international capital) and you see what really happens in Berlin: different factions of the ruling class defend their own interests but find each other as soon as existing property and power relations are touched.

The first front is material. Real estate capital defends its rents and land ownership, banks their credits and collateral, investors their returns, the arms industry its billion-dollar contracts and state orders. Their interests differ, but on one point they converge: Die Linke must not undermine the grip of private capital on housing, investments, and public funds.

The second front is political and ideological. As soon as those material interests come under pressure, the debate shifts to antisemitism, extremism, Rote Hilfe, and alleged clan connections. The goal then is no longer only to block concrete reforms. Die Linke itself must be pushed outside the boundaries of the politically acceptable.

But let’s be honest: that smear campaign is nothing but a desperate move. The elites play dirty because they lack arguments. No one can look Berliners in the face and claim €1,500 per month for a shack is a good thing. The housing crisis is not an extreme position, but daily reality for the absolute majority of the population, including many voters of the SPD, the Greens, or the right.

Because the establishment cannot win that debate, it tries to impose another one. The smoke bombs go off one after another: “antisemitism!” “clans!” “Islamists!” “Rote Hilfe!” The less of an answer there is to the social question, the louder the noise about Die Linke’s supposed unfitness to govern at all.

The real extremism in this world is not a party that organizes tenants. The real extremism is a society in which millions of people are driven out of their city because a handful of vultures demand their returns. The real extremism is a system that reduces housing to speculation and war to a profit model.

Die Linke won on the fundamental question: whose city is Berlin? Who sets the rules, who controls the bricks, and whom should the city serve? The answer from Berliners was clear. The intensity of the counterattack shows how well the other side understands what is at stake.

Nobody should fear that polarization. It is simply the noise of class struggle: economic powers defending their property and capital, state powers trying to guard the boundaries within which an election result may change something. The scent of panic hangs in the corridors of power. There is no reason to turn defensive or to retreat. There is all the more reason to rely on the people and to mobilize. Because in the end, that is where the decisive question lies: who truly forms the majority in Berlin, and who holds the power to stand in its way?

Peter Mertens is a writer and the Secretary General of the Workers’ Party of Belgium (PTB/PDVA).

Trump sons-backed firms bank $6 billion plus in Pentagon deals

8 October 2026 at 04:39

An analysis published on Wednesday by ABC News estimated that companies backed financially by Donald Trump Jr. and Eric Trump have so far scored more than $6 billion in contracts from the US Department of Defense. As ABC documented, many of the investments into the defense firms come through 1789 Capital, a venture capital firm […]

The post Trump sons-backed firms bank $6 billion plus in Pentagon deals appeared first on Asia Times.

VTB left Qatar’s CQUR Bank - Its former executives stayed at the top

31 August 2026 at 11:49

Four of CQUR’s five original directors came from VTB Capital or RCB Bank, a Cypriot lender then 46.29 per cent owned by VTB. After the Russian bank sold its stake in May 2022, two senior figures from that network remained as chairman and chief executive and later appeared in CQUR’s disclosed ownership chain. Public records show institutional continuity — but not who financed the sale or whether VTB retained any rights.

On 16 May 2022, less than three months after the United States and Britain imposed blocking sanctions, VTB announced that it had sold its 19 per cent stake in Qatar’s CQUR Bank. It disclosed neither the buyer nor the price.

On paper, VTB’s involvement ended there. The corporate record tells a more complicated story.

CQUR was established in the Qatar Financial Centre in 2019. The five directors named in contemporaneous reports citing the QFC were Makram Abboud, Ziad Al-Amin, Vladimir Zrazhevsky, Vladimir Ostrovsky and Nicolas Neophytou. Abboud and Al-Amin came from VTB Capital. Zrazhevsky and Ostrovsky came from RCB Bank in Cyprus, in which VTB then held 46.29 per cent. Four of CQUR’s five disclosed directors therefore came from VTB Capital or a bank nearly half-owned by VTB.

The board later changed substantially: four of its five current members were not on the 2019 list. But continuity remained at the top. Abboud, now CQUR’s chairman, previously ran VTB Capital’s Middle East and Africa business and sat on the board of VTB Capital plc. Al-Amin, CQUR’s chief executive, worked at VTB Capital and later headed RCB’s Dubai office.

Both men have since appeared inside CQUR’s ownership chain. Abboud is a director of Quince Holding, the bank’s current direct shareholder, and the disclosed significant shareholder of Quince Tree, one of the companies above it. Al-Amin is another director of Quince Holding. They did not simply remain employed by CQUR after VTB’s exit; they later took positions in the companies through which the bank is owned.

There was a striking precedent inside the same network. On 24 February 2022, the day VTB was sanctioned, its 46.29 per cent stake in RCB was acquired by Cypriot shareholders representing RCB’s management. Less than a month later, S&P suspended RCB’s ratings, saying it could not assess either the full effect of the management acquisition or the remaining links between RCB and VTB.

Large assets were also moving back towards the Russian bank. In 2020, VTB assigned CQUR rights to a RussNeft loan and a $100 million Kazchrome tranche. CQUR returned both in February 2022, when their reported value was about $1.18 billion. A month earlier, RCB had returned $1.7 billion in Kazchrome claims.

Audited company accounts therefore establish nearly $2.9 billion in transfers from CQUR and RCB back to VTB in January and February 2022. They do not disclose the price or purpose of those transactions. The transfers demonstrate intensive coordination before VTB’s exit from CQUR; they do not, by themselves, prove control after the sale.

Who bought VTB’s stake remains unclear. An archived CQUR page shows that the other 81 per cent of the bank was held by Amathus Investment Fund SPC, a private fund in the British Virgin Islands. After VTB’s departure, Amathus was the only significant shareholder named by the bank. But no public transfer document reviewed for this investigation identifies it as the buyer of VTB’s shares.

CQUR later said that it had been acquired by Middle Eastern private investors led by management. That wording was absent from the bank’s pages archived in November 2022 and February 2024; it appeared by January 2025. The statement does not reveal who paid VTB, how much was paid or where the money came from.

The ownership structure now recorded in Qatar took shape later. As of 25 August 2026, the QFC register named Quince Holding, incorporated four months earlier, as CQUR’s significant shareholder.

Its disclosed shareholders include Quince Tree, linked to Abboud, and MHF Holding, owned by the established Emirati group Al Hail. That offers a plausible independent explanation for the present structure. But all three vehicles were created after VTB’s exit. They show who sits in the chain now, not who bought the stake in May 2022.

CQUR also retained a clear capacity to serve Russia-linked business. Its latest published terms set a 1pm cut-off for payment orders in Russian roubles. Fix Price’s audited accounts show balances with CQUR worth RUB1.65 billion at the end of 2023 and RUB3.87 billion at the end of 2024. Those amounts are rouble equivalents used in Fix Price’s reporting, not proof that the account itself was denominated in roubles. They do, however, document substantial post-sanctions business with a group focused on the Russian market.

None of this proves sanctions evasion. Rouble payments and service to Russian companies are not illegal in themselves. Such a finding would require evidence of a transaction involving a blocked party, a concealed beneficiary or end user, false trade documents, or a regulator’s action. No such public record involving CQUR was found. The bank says it screens customers, beneficial owners and transactions against UN, Qatari, EU and US sanctions lists.

The evidence supports a firm but bounded conclusion. VTB’s departure did not produce a demonstrable institutional break. CQUR had been built around VTB Capital and RCB personnel; large credit assets returned to VTB shortly before the exit; senior alumni remained at the top and later appeared in the ownership chain; and the bank continued to contemplate rouble payments and serve Russia-linked business.

What the evidence does not establish is whether VTB financed the acquisition, retained voting or economic rights, or issued instructions after the sale. The documents that could answer that question remain undisclosed: the 2022 sale agreement, the identity of the original buyer, proof of funds, voting agreements, pledges, options and any nominee arrangements.

Until those records emerge, VTB’s exit from CQUR can be verified as a change of registered ownership — but not as a clean institutional separation.

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