Xi Tells Putin the World Is in Chaos but Friendship with Russia Will Endure

 Russian President Vladimir Putin, right, and Chinese President Xi Jinping shake hands during their meeting on the sidelines of BRICS Summit at Kazan Kremlin in Kazan, Russia, Tuesday, Oct. 22, 2024. (AP Photo/Alexander Zemlianichenko, Pool)
Russian President Vladimir Putin, right, and Chinese President Xi Jinping shake hands during their meeting on the sidelines of BRICS Summit at Kazan Kremlin in Kazan, Russia, Tuesday, Oct. 22, 2024. (AP Photo/Alexander Zemlianichenko, Pool)
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Xi Tells Putin the World Is in Chaos but Friendship with Russia Will Endure

 Russian President Vladimir Putin, right, and Chinese President Xi Jinping shake hands during their meeting on the sidelines of BRICS Summit at Kazan Kremlin in Kazan, Russia, Tuesday, Oct. 22, 2024. (AP Photo/Alexander Zemlianichenko, Pool)
Russian President Vladimir Putin, right, and Chinese President Xi Jinping shake hands during their meeting on the sidelines of BRICS Summit at Kazan Kremlin in Kazan, Russia, Tuesday, Oct. 22, 2024. (AP Photo/Alexander Zemlianichenko, Pool)

Chinese President Xi Jinping told Russia's Vladimir Putin that the international situation was gripped by chaos but that Beijing's strategic partnership with Moscow was a force for stability amid the most significant changes seen in a century.

Xi and Putin in May pledged a "new era" of partnership between the two most powerful rivals of the United States, which they cast as an aggressive Cold War hegemon sowing chaos across the world.

"At present, the world is going through changes unseen in a hundred years, the international situation is intertwined with chaos," Xi told Putin in the Russian city of Kazan at the opening of the BRICS summit.

"But I firmly believe that the friendship between China and Russia will continue for generations, and great countries’ responsibility to their people will not change."

Russia, waging war against NATO-supplied Ukrainian forces, and China, under pressure from a concerted US effort to counter its growing military and economic strength, increasingly have found common geopolitical cause.

Russia and China, pushing back against perceived humiliations of the 1991 Soviet collapse and centuries of European colonial dominance of China, have sought to portray the West as decadent and in decline.

The United States casts China as its biggest competitor and Russia as its biggest nation-state threat, and President Joe Biden has said the democracies face a challenge from autocracies such as China and Russia.

Putin called Xi "dear friend" and said the partnership with China was a force for stability in the world.

"Russian-Chinese cooperation in world affairs is one of the main stabilizing factors on the world stage," Putin said.

"We intend to further enhance coordination on all multilateral platforms in order to ensure global security and a just world order."

Xi said cooperation in the BRICS group was "the most important platform for solidarity and cooperation between emerging market countries and developing countries in the world today."

He said it was "a mainstay force in promoting the realization of equal and orderly global multipolarity, as well as inclusive and tolerant economic globalization."



Thiel’s Palantir Dumped by Norwegian Investor over Work for Israel

The logo of US software company Palantir Technologies is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. (Reuters)
The logo of US software company Palantir Technologies is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. (Reuters)
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Thiel’s Palantir Dumped by Norwegian Investor over Work for Israel

The logo of US software company Palantir Technologies is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. (Reuters)
The logo of US software company Palantir Technologies is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. (Reuters)

One of the Nordic region's largest investors has sold its holdings in Palantir Technologies because of concerns that the US data firm's work for Israel might put the asset manager at risk of violating international humanitarian law and human rights.

Storebrand Asset Management disclosed this week that it had "excluded Palantir Technologies Inc. from our investments due (to) its sales of products and services to Israel for use in occupied Palestinian territories."

The investor, which manages about 1 trillion crowns ($91.53 billion) in assets, held around 262 million crowns ($24 million) in Palantir, a spokesperson told Reuters. A representative for Palantir, based in Denver, did not immediately respond to a request for comment.

Storebrand said Palantir had not replied to any of its requests for information, first lodged in April. The data analytics firm, co-founded by billionaire Peter Thiel, provides militaries with artificial-intelligence models. Earlier this year, it agreed to a strategic partnership to supply technology to Israel to assist in the ongoing war in Gaza.

Palantir has previously defended its work for Israel. CEO Alex Karp said he was proud to have worked with the country following the Hamas attacks in October last year and in March told CNBC that Palantir had lost employees and that he expected to lose more over his public support for Israel.

Storebrand's exit follows a recommendation from Norway's government in March warning businesses about engaging in economic or financial activity in the Israeli settlements in the Palestinian territories, the asset manager said in its third-quarter investment review published on Wednesday. The International Court of Justice, the United Nations' highest court, said in July that Israel's occupation of Palestinian territories including the settlements was illegal.

Israel's foreign ministry rejected that opinion as "fundamentally wrong" and one-sided, and repeated its stance that a political settlement in the region can be reached only by negotiations.

Storebrand said its analysis indicated that Palantir provides products and services "including AI-based predictive policing systems" that support Israeli surveillance of Palestinians in the West Bank and Gaza.

Palantir's systems are supposed "to identify individuals who are likely to launch 'lone wolf terrorist' attacks, facilitating their arrests preemptively before the strikes that it is projected they would carry out," Storebrand said.

It added that, according to the United Nations, Israeli authorities have a history of incarcerating Palestinians without charge or trial. A UN Special Rapporteur said in a 2023 report that "the occupied Palestinian territory had been transformed as a whole into a constantly surveilled open-air prison."

Israel rejected the UN's findings. In September Reuters reported that Norway's $1.7 trillion wealth fund may have to divest shares of companies that violate the fund watchdog's tougher interpretation of ethics standards for businesses that aid Israel's operations in the occupied Palestinian territories.