DIRS.INFO The most relevant business & tech news

☆ A NATO state said it could buy Patriot systems for Ukraine from countries not prepared to give them directly
▼ + stars: | 2024-04-18 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Read previewOne of Ukraine's main European allies said it could buy US-made Patriot air-defense systems from other countries to send on to Ukraine. Ukraine is searching for more Patriot systems as it runs low on air defenses to stop Russian attacks. AdvertisementThe US-made MIM-104 Patriot missile system is a ground-based, mobile surface-to-air missile battery. REUTERS/Yevhen KotenkoGermany announced over the weekend that it would give Ukraine another Patriot system. AdvertisementHe said he "struggles to understand" some allies' resistance to giving Ukraine at least one of their Patriot systems.

Persons: —, Mark Rutte, Jens Stoltenberg, Yevhen Kotenko, Volodymyr Zelenskyy, they've, Stoltenberg Organizations: Service, The, Guardian, Business, REUTERS, NATO, Patriot, Patriots Locations: Ukraine, The Netherlands, Warsaw, Poland, Russian, Kyiv, Yevhen, Yevhen Kotenko Germany

☆ Ukraine is setting up a separate branch of its military focused purely on drone warfare
▼ + stars: | 2024-02-07 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Ukraine is creating a new military branch for drone warfare, Volodymyr Zelenskyy said. A military expert said it's likely the first time a country has set up a separate drone branch. AdvertisementUkraine is creating a new branch of its military dedicated to drone warfare. Ukraine has regularly used drones to take out Russian tanks, bomb trenches, hit equipment stores, and target soldiers. But drone warfare in Ukraine is not one-sided.

Persons: Volodymyr Zelenskyy, it's, —, he'd, Zelenskyy, Bruce Riedel, Mykhailo Fedorov, Sergei Shoigu, James Patton Rogers Organizations: Service, Defense Forces —, Unmanned Systems Forces, Ukraine's National Security and Defense, Brookings Institution, NBC, Digital Transformation, Russia's, Cornell Brooks Tech Policy Institute Locations: Ukraine, Ukrainian, Russia

☆ Pennsylvania, Arizona, and Texas are major beneficiaries of US aid to Ukraine, report says
▼ + stars: | 2023-12-03 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

The Biden Administration has circulated a map showing the states that have benefited from Ukraine aid. President Biden hopes to convince Congress to continue sending aid to Ukraine to help combat Russia's invasion. Three out of eight Republican members of Congress from Pennsylvania, three out of six from Arizona, and 18 out of 25 from Texas have been voting against sending aid to Ukraine, Reuters reported. Speaker of the House Mike Johnson has recently become a surprise advocate for increasing aid to Ukraine, The Wall Street Journal reported. AdvertisementDespite previously voting against sending more aid to combat Russian President Vladimir Putin's invading forces, Johnson has used his position as speaker to publicly label Ukraine aid a key priority.

Persons: Biden, —, Biden's, Joe Biden, JONATHAN ERNST, Getty, Mike Johnson, Vladimir Putin's, Johnson, Vladimir Putin Organizations: Biden Administration, Service, Capitol, Republicans, Reuters, Reuters . Pennsylvania, Street Journal, Congress, America, America . Patriot, Artillery, US Department of Defense, DoD Locations: Ukraine, Pennsylvania, Arizona, Texas, Israel, Gaza, Russia, Reuters ., Europe, America, Pennsylvania , Ohio , Texas

☆ Ukraine is thinking more like Silicon Valley to defend itself against Russia's electronic warfare
▼ + stars: | 2023-11-20 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

As a countermeasure, Ukraine has taken several steps to develop new warfare tech. In electronic warfare, jamming technology can be used to disable drones, suppress radar signals, and render GPS-guided missiles useless. AdvertisementBoth countries are engaged in electronic warfare, but Ukraine's capabilities are harder to assess, The Associated Press reported last year. The US has previously expressed concerns that Russia has been deploying jamming technology to reduce the accuracy of American-made smart bombs. The impacts of Russia's electronic warfare have made quickly seeking and developing technological countermeasures a priority for the Ukrainian government.

Persons: —, Mykhailo Fedorov Organizations: Service, Ukraine's Ministry of Digital Transformation, Associated Press, US, Royal United Services Institute, New, Himera Tech Locations: Ukraine, Ukrainian, Russia

☆ Arms maker says interest in its weapons 'largely' driven by Ukrainians using them to fight Russians
▼ + stars: | 2023-09-13 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +3 min

A Polish arms maker says customers are flocking to weapons systems used in Ukraine. The state-owned PGZ said it has fielded two new orders for portable rocket launchers. Ukrainian forces have used such portable rocket launchers, or MANPADS, to challenge Russia's air supremacy. AdvertisementAdvertisementWhile providing Ukraine with arms serves Warsaw's national security interests, it is also proving a boon to its defense sector. Other arms makers have also used Ukraine as a selling point — Ukrainian firms, especially.

Persons: PGZ, Patryk Brzeziński, SIPRI, Oleg Skillar, cdavis@insider.com Organizations: Russia, Service, Defense, Russian, Defence and Security, International, United, Stockholm International Peace Research Institute, National Defense Magazine Locations: Polish, Ukraine, Wall, Silicon, London, Ukrainian, United States, Russian, Poland, Stockholm, Europe, Balkans, Estonia, Baltic, Abu Dhabi

☆ Tobacco firm BAT sells Russian business to local management
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +1 min

A woman poses with a cigarette in front of BAT (British American Tobacco) logo in this illustration taken July 26, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Sept 7 (Reuters) - British American Tobacco (BATS.L) said on Thursday it entered into a deal to sell its Russian and Belarusian businesses to a consortium led by members of BAT Russia's management team. The company controlled just under 25% of the Russian tobacco market at the time. BAT, which had previously been in talks with its local distributor over a sale, said it had now formally entered into an agreement to sell the business to a consortium led by its local management team, in compliance with local and international laws. The company took a 957 million pound impairment related to the transfer of its Russian business in July 2022.

Persons: Dado Ruvic, Emma Rumney, Yadarisa, Sherry Jacob, Phillips Organizations: BAT, British, Tobacco, REUTERS, American Tobacco, BAT Russia's, Lucky, European, Thomson Locations: Russia, United States, European Union, Ukraine, Belarus, London

☆ British American Tobacco finalizes Russia exit with sale to local managers
▼ + stars: | 2023-09-07 | by ( Stefan Sykes | ) www.cnbc.com time to read: +1 min

British American Tobacco has finalized its exit from Russia about 18 months after it pledged to do so in the wake of Moscow's invasion of Ukraine. However, other global tobacco giants are still doing business in the country, including Japan Tobacco International and Philip Morris International . London-based BAT is a key player in the global tobacco market with business operations in more than 100 countries. It controlled nearly 25% of Russia's tobacco market, which is the fourth largest in the world, according to Reuters. The buyer is a consortium led by members of BAT Russia's management team, which will wholly own the Russian and Belarusian businesses, BAT said.

Persons: Philip Morris Organizations: British, Tobacco, BAT, Japan Tobacco International, Philip, Philip Morris International . London, Camel, Reuters, BAT Russia's, ITMS Locations: Russia, Ukraine, Belarus, Newport, Russian

[1/2] Rescuers work at the site of an apartment building damaged during Russian missile strikes, amid Russia’s attack on Ukraine, in Kyiv, Ukraine June 24, 2023. Most western countries including the U.S., United Kingdom, Germany and France had pushed for a firm condemnation of Russia and the war in Ukraine, whereas Russia and its friend China had opposed any such move, the official added. The gathering in the western state of Gujarat was the G20's third finance track meeting under India's presidency. India has not been able to forge a joint statement in any of the key tracks since it took over the presidency of G20 last December. Reporting by Shivangi Acharya and Sarita Chaganti Singh; Editing by Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

Persons: China, Janet Yellen, Shivangi Acharya, Sarita Chaganti Singh, Simon Cameron, Moore Organizations: Russian, REUTERS, Indian, Reuters, United Nations, Treasury, Thomson Locations: Ukraine, Kyiv, Valentyn, GANDHINAGAR, India, Russia, Gandhinagar, U.S, United Kingdom, Germany, France, Gujarat, Bengaluru

GANDHINAGAR, India, July 16 (Reuters) - U.S. Treasury Secretary Janet Yellen said on Sunday she was "eager" to work with China on areas of mutual interest, including debt restructurings for poorer countries, and that multilateral development banks needed reforms before capital increases could be considered. "I am eager to build on the groundwork that we laid in Beijing to mobilise further action." U.S. corporations want to see an environment where they could "invest and thrive in China", Yellen said. She said a debt restructuring "user guide" was needed for borrowing countries and other stakeholders to provide clarity about the process. "We should build better banks, not just bigger banks," Yellen said.

Persons: Janet Yellen, Yellen, David Lawder, Aftab, Sudipto Ganguly, William Mallard Organizations: . Treasury, U.S ., Sri, International Monetary Fund, U.S . Treasury, IMF, World Bank, Bank, U.S, Thomson Locations: GANDHINAGAR, India, China, Beijing, U.S, Washington, Moscow, Ukraine, Russia, Gandhinagar, Indian, Gujarat, Sri Lanka, Ghana, United States, Congress, Aftab Ahmed

☆ Ron DeSantis was invited to Ukraine to gain a 'deeper understanding' of the war after the Florida governor called Russia's full-scale invasion a 'territorial dispute'
▼ + stars: | 2023-03-16 | by ( Azmi Haroun | ) www.businessinsider.com time to read: +3 min

Ron DeSantis called Russia's year-long war in Ukraine a 'territorial dispute,' on Monday. On Tuesday, Ukraine's foreign ministry invited DeSantis to see the situation on the ground himself. Ron DeSantis to visit the war-torn country after DeSantis reduced Russia's full-scale invasion of its neighbor to a "territorial dispute," earlier this week. DeSantis' comments came via a statement sent to Fox News on Monday where he said that Russia's war in Ukraine was not a "vital interest." The next day, Ukraine foreign ministry spokesman Oleg Nikolenko pushed back against DeSantis' comments and extended an offer, per the BBC.

☆ Ukraine war live updates: German tanks decision 'half a step' away, Kyiv says; Ukraine government reshuffle expected
▼ + stars: | 2023-01-24 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +2 min

A decision on whether to supply Leopard 2 tanks to Ukraine is in its final stages, Ukraine's Foreign Minister Dmytro Kuleba said Monday, with only a last "half step" to be taken. "We have only half a step left to take in the matter of tanks," Kuleba said during a nationwide news telethon reported by news outlet Ukrinform Monday. "We have already received the British Challengers [tanks], which we were once told were impossible. I have no doubts that the Leopard tanks will reach us. Germany is under intense pressure to decide whether to give the greenlight for German-made tanks to be sent to Ukraine.

Search resuls for: "BAT Russia's"

11 mentions found