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US House Speaker Mike Johnson (R-LA) speaks during a news conference following the House Republican caucus meeting at the US Capitol in Washington, DC, on November 29, 2023. Speaker Mike Johnson, facing intense opposition from right-wing members, received crucial help from Democrats to move forward with the votes. Passing this legislation would send a powerful message about the strength of American leadership at a pivotal moment," the White House budget office said in a statement Friday endorsing the House package. But Johnson, who opposed Ukraine aid last year before he became speaker, now says he believes it is "critically important," based on the intelligence and briefings he has since gotten. Democrats praised the move to proceed to House votes, highlighting their party's key role.

Persons: Mike Johnson, Joe Biden, Thomas Massie, Chip Roy, Ralph Norman, Johnson, — Massie, Marjorie Taylor Greene, I'm, Vladimir Putin, Don Beyer, Grace Meng Organizations: Republican, The, Democratic, White House, Administration, Naval Academy, U.S, Democrats, couldn't Locations: Washington ,, Ukraine, Israel, U.S, China, Ky, Texas, Europe, American

☆ Stocks making the biggest moves premarket: Morgan Stanley, UnitedHealth, Live Nation and more
▼ + stars: | 2024-04-16 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Morgan Stanley — Shares added 3.2% after Morgan Stanley topped first-quarter expectations on wealth management, trading and advisory results. The company reported earnings of $2.02 a share, while analysts polled by LSEG had called for $1.66 a share. Revenue came out at $15.14 billion for the period, surpassing analysts expectations of $14.41 billion. Johnson & Johnson — The stock fell slightly even after the pharmaceutical giant topped quarterly earnings expectations and benefitted from a jump in medical device sales. Revenue came in at $21.38 billion, roughly in line with the $21.4 billion expected by analysts polled by LSEG.

Persons: UnitedHealth, Morgan Stanley —, Morgan Stanley, LSEG, Johnson, Smith, Tesla, Elon Musk, —, Samantha Subin, Tanaya Macheel, Michelle Fox Theobald Organizations: Revenue, Wall Street Journal, Justice Department, Ticketmaster, LSEG, Bank of America, Tesla Locations: The, LSEG

☆ Biotech startup Seed Health is betting its profits on AI-powered medical science
▼ + stars: | 2024-04-11 | by ( Natalie Rose Goldberg | ) www.cnbc.com time to read: +7 min

On Thursday, Seed Health launched CODA, a computational biology platform funded by its consumer business profitability. Seed Health has been in the business of microbiome scientific breakthroughs since its founding in 2015, but its biggest success to-date may have been becoming profitable as a bioscience startup. Katz's co-founder and co-CEO at Seed Health, Raja Dhir, said CODA and the accompanying data set will help to standardize microbiome science methods, which has long been an issue in the field. CODA's first applications are in metabolic health, brain health, longevity, and menopause, research areas chosen because they have already been identified as areas of human health where early CODA data displayed the strongest evidence. Seed Health has been working on several efforts around pioneering microbiome science for human and planetary health, and many in the field believe the approach is destined to have wider applications.

Persons: Katz, Ara Katz, Eran Segal, Eric Topol, transcriptome, Katz's, Raja Dhir, Dhir, Arpana Gupta, Goodman, There's, Segal, Joseph Petrosino, Petrosino Organizations: Seed, Seed Health, CNBC, Weizmann Institute of Science, Scripps Research Institute, UCLA, Luskin Microbiome, Baylor College of Medicine, Center, Metagenomics, Microbiome Research

☆ Baltimore port crisis: World's largest container ship company, MSC, dumps diverted cargo problem on US companies
▼ + stars: | 2024-03-28 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +2 min

MSC, the largest ocean carrier in the world, has joined the list of ocean carriers terminating the delivery of diverted containers outside of the port for shipping clients as a result of the container ship accident near the Port of Baltimore that led to the tragic bridge collapse. With the Baltimore port indefinitely closed, the decision places the onus of cargo pick up at a diverted port and transport to its final destination on the shipper. MSC added that "passage to and from Baltimore is at this time impossible and will not be reestablished for several weeks if not months." Maersk is the only major carrier to say it will provide transport from diverted ports for customers. Maersk was the charter of the Dali, 10,000-container capacity containership that lost control and crashed into the Francis Scott Key Bridge in the early hours of Tuesday.

Persons: Francis Scott Key Organizations: CNBC, MSC, Port, CMA, Evergreen, Maersk Locations: Port of Baltimore, Baltimore, Dali

☆ Britain's DS Smith gets $7 billion buyout offer from International Paper
▼ + stars: | 2024-03-26 | by ( ) www.cnbc.com time to read: +1 min

DS Smith confirmed on Tuesday it was in discussions with International Paper over an all-stock offer from the U.S.-listed company, which valued the British paper and packaging firm at 5.72 billion pounds ($7.22 billion). Under the terms of the proposal, DS Smith shareholders would receive 0.1285 shares in International Paper for each share they own in DS Smith. If the proposed deal goes through, DS Smith shareholders will own about 33.8% of the combined company. Accordingly, the Board is progressing its discussions with International Paper regarding the Proposal," DS Smith said. Deal talks between DS Smith and International Paper were first reported by Sky News on Tuesday.

Persons: DS Smith, Smith, Mondi Organizations: Weyerhaeuser Company, DS, Deal, Sky News Locations: Gdansk, Poland, U.S

☆ Volkswagen sets up its own AI lab as car industry looks to embrace the tech
▼ + stars: | 2024-01-31 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Volkswagen, like other car giants, are pushing heavily into AI to boost their technology credentials and make their cars smarter. German automaker Volkswagen has established its own artificial intelligence lab, the company said Wednesday, reflecting growing ambitions from the car industry to adopt the buzzy technology. In a press release, Volkswagen said its new AI lab will serve as a "globally networked competence center and incubator" to produce proofs of concept in the field of the tech surrounding automotive innovations. AI labs are research and development hubs for exploring artificial intelligence breakthroughs. Volkswagen claimed it would bring its lab's AI innovations to its own vehicles to make them smarter.

Persons: Google's, Oliver Blume Organizations: Volkswagen, Microsoft, Volkswagen Group, Porsche AG, Benz

☆ Nintendo is expected to launch the 'Switch 2' console this year. Here's what to expect
▼ + stars: | 2024-01-08 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

Splatoon 3 proved to be a hit in Japan, helping keep momentum for Nintendo's ageing Switch console. Nintendo has sold 132.46 million units of the Switch, making it the company's second-most successful console after the handheld Nintendo DS. If the Switch remained popular in the holiday quarter then Nintendo could push a new console out to the Fall of this year, Goyal said. If Switch sales dropped in the December quarter, the new device could come as early as Spring or Summer, he added. Kantan Games' Toto said he expects the successor to be a "new device and not just an upgrade."

Persons: Philip Fong, Mario, Zelda, Serkan Toto, Piers Harding, Atul Goyal, Goyal, I'm, Nintendo's, Harding, Rolls, Toto, Moffett Nathanson, Will Organizations: Nintendo, AFP, Getty, CNBC, Kantan Games, Ampere, Jefferies, Mario Bros, Moffett Locations: Japan, Tokyo

☆ Japan's Nikkei seen rising to 35,000 by mid-2024 on earnings boost: Reuters poll
▼ + stars: | 2023-11-21 | by ( Kevin Buckland | ) www.reuters.com time to read: +3 min

A man looks at an electric board displaying the Nikkei stock average outside a brokerage in Tokyo, Japan June 14, 2023. The median forecast for the Nikkei's level in mid-2024 was 35,000, with responses ranging from 31,143 to 39,500, the Reuters poll of 10 stocks strategists taken Nov. 10-20 showed. Japan's equity benchmark started this week by pushing to its highest level since March 1990 at 33,853.46 following a three-week winning streak. That would mean some stagnation for equities in the latter half of next year, with the Nikkei still stuck at 35,000 at year-end, according to the median poll response. "35,000 looks to be about the level where Nikkei gains line up with the timing of the BOJ getting rid of negative interest rate policy," Sycamore said.

Persons: Kim Kyung, Masayuki Kichikawa, IG's, Tony Sycamore, Sycamore, Kevin Buckland, Junko Fujita, Noriyuki, Rahul Trivedi, Pranoy, Alex Richardson Organizations: Nikkei, REUTERS, Rights, Bank of Japan, Federal, Sumitomo Mitsui DS Asset Management, Thomson Locations: Tokyo, Japan, IG's Sydney

Japanese national flag is hoisted atop the headquarters of Bank of Japan in Tokyo, Japan September 20, 2023. The benchmark JGB yield climbed to 0.845% right at the start of the trading day, its highest since July 2013, after revisiting peaks the previous day as well. But it eased immediately after the BOJ announcement, and was last 1.0 basis point (bp) lower than Thursday's closing level at 0.83%. The BOJ caps the 10-year yield at 1% under its yield curve control (YCC) policy, after doubling it in a surprise move at the end of July. "If the yen crosses 150, it would of course be more difficult for the BOJ to intervene in the JGB market.

Persons: Issei Kato, Masayuki Kichikawa, YCC, Fumio Kishida, Brigid Riley, Kevin Buckland, Shri Navaratnam Organizations: Bank of Japan, REUTERS, Rights, Sumitomo Mitsui DS Asset Management, Treasury, Thomson Locations: Tokyo, Japan, U.S

☆ Yen intervention a hard sell even as 150 to the dollar 'red line' beckons
▼ + stars: | 2023-09-29 | by ( Kevin Buckland | ) www.reuters.com time to read: +6 min

But, Japanese authorities could find propping up their currency both difficult to achieve and hard to justify. To make even a ripple in the $5 trillion currency market, the BOJ would need to draw down massive amounts of dollar reserves. Wakabayashi, like many other analysts and investors, considers the 150 yen per dollar level a red line for currency intervention, not least because of its significance as a symbol of climbing costs of living from imported food and fuel. INTERVENTION IMMINENTThe yen careened to a 32-year trough at 151.94 last October before being reined in by several bouts of heavy intervention, the first by Japanese authorities in a generation. Measures of expected market volatility remain subdued.

Persons: Kim Kyung, Bank of Japan's hesitancy, Kazuo Ueda, You've, they're, Bart Wakabayashi, Fumio Kishida, Shunichi Suzuki, Masayuki Kichikawa, Ray Attrill, Janet Yellen, Aninda Mitra, Mitra, Kevin Buckland, Alun John, Vidya Ranganathan, Simon Cameron, Moore Organizations: National Printing Bureau, Bank of Japan, REUTERS, Rights, Bank of Japan's, U.S . Federal Reserve, U.S, Treasury, Fed, State Street Bank, Trust, Finance, Sumitomo Mitsui DS Asset Management, Ministry of Finance, National Australia Bank, BNY Mellon Investment Management, Thomson Locations: Tokyo, Japan, U.S, Washington, Asia, London

☆ Birthplace of the atomic bomb braces for its biggest mission since the top-secret Manhattan Project
▼ + stars: | 2023-09-24 | by ( ) www.cnbc.com time to read: +7 min

Los Alamos was the perfect spot for the U.S. government's top-secret Manhattan Project. The mission calls for modernizing the arsenal with droves of new workers producing plutonium cores — key components for nuclear weapons. James Owen, the associate lab director for weapons engineering, has spent more than 25 years working in the nuclear weapons program. Alexandra Martinez, 40, grew up in nearby Chimayo and is the latest in her family to work at Los Alamos. The film put the spotlight on Los Alamos and its history, prompting more people to visit over the summer.

Persons: James Owen, Owen, Alamosans, Greg Mello, Alexandra Martinez, chuckles, Martinez, J, Robert Oppenheimer, Christopher Nolan's, Oppenheimer, watchdogs, What's Organizations: U.S, Los Alamos National Laboratory, Associated Press, Los Alamos Study, Alamos, PF, Manhattan, —, Trinity Test, Independent Locations: Alamos, Manhattan, New Mexico, Albuquerque, Los Alamos, Peñasco, Taos County, Chimayo, selfies

LOS ALAMOS, N.M. (AP) — Los Alamos was the perfect spot for the U.S. government’s top-secret Manhattan Project. The community is facing growing pains again, 80 years later, as Los Alamos National Laboratory takes part in the nation's most ambitious nuclear weapons effort since World War II. The mission calls for modernizing the arsenal with droves of new workers producing plutonium cores — key components for nuclear weapons. Alexandra Martinez, 40, grew up in nearby Chimayo and is the latest in her family to work at Los Alamos. Some of the hand-written notes touch on the complicated legacy left by the creation of nuclear weapons.

Persons: James Owen, Owen, Alamosans, ” Greg Mello, Alexandra Martinez, chuckles, ”, Martinez, J, Robert Oppenheimer, Christopher Nolan’s “ Oppenheimer, watchdogs, “ What's Organizations: ALAMOS, U.S, Los Alamos National Laboratory, Associated Press, Los Alamos Study, Alamos, PF, Manhattan, —, Trinity Test, Independent Locations: N.M, Los Alamos, Manhattan, New Mexico, Albuquerque, Alamos, Peñasco, Taos County, Chimayo, selfies

On Thursday, Charles, Camilla, Macron and his wife Brigitte will visit the Notre-Dame cathedral to view restoration works following a massive blaze in 2019 that destroyed its roof. Charles and Camilla will then head to the southwestern city of Bordeaux on Friday, where excursions will include a visit to an organic vineyard. [1/11]King Charles III with French President Emmanuel Macron as they walk from the Elysee Palace, Paris, to the British Ambassador's Residence, during the state visit to France. Charles had hoped for a state visit to France to have been his first as king, but a March trip was postponed due to tense protests in France over pension reforms, much to Macron's embarrassment. Fifteen year-old Alexia Aubert said: "I think since Elizabeth died, the royal family isn't as important as it was, King Charles isn't as important and symbolic as Elizabeth, so it doesn't really matter if he comes or not."

Persons: Brexit PARIS, King Charles, Emmanuel Macron, Queen Camilla, Elisabeth Borne, Marie, Noelle Ahanso, Noelle, Charles, Hugh Grant, Mick Jagger, Arsene Wenger, Didier Drogba, Bernard Arnault, Camilla, Macron, Brigitte, King Charles III, Yui Mok, Queen Elizabeth, Adelaide de, Tonnerre, Charles's, Diana, Brigitte Macron, Liz Truss, Rishi Sunak, He's, Mireille, Alexia Aubert, Elizabeth, King Charles isn't, Elizabeth Pineau, Michel Rose, Noemie Olive, Juliette Jabkhiro, Louise Dalmasso, Michael Holden, Ingrid Melander, Bernadette Baum Organizations: French, Reuters, Arsenal, Notre, Dame, British, REUTERS Acquire, Adelaide de Clermont, Vue, ENTENTE, European Union, Former British, entente, Thomson Locations: Bordeaux, Britain, France, Paris, French, Versailles, Ukraine, Sahel, British, Elysee, Adelaide, London

☆ FTSE 100 falls on worries about U.S. rates; Melrose jumps
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +1 min

Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing RightsSummaryCompanies FTSE 100 down 0.4%, FTSE 250 off 0.3%Sept 7 (Reuters) - UK's FTSE 100 opened lower on Thursday after stronger-than-expected U.S. economic data rekindled concerns that interest rates would stay higher for longer, while aerospace supplier Melrose Industries rose on an upbeat profit outlook. The blue-chip FTSE 100 index (.FTSE) fell 0.4% in early trade, while the mid-cap FTSE 250 index (.FTMC) slipped 0.3%. Wall Street's main indexes tumbled on Wednesday after data showed the U.S. services sector unexpectedly gained steam in August, indicating sticky price pressures. GLOB/MKTSFurther weighing on the exporter-heavy FTSE 100, data showed China's exports and imports fell in August as the twin pressures of sagging overseas demand and weak consumer spending squeezed businesses in the world's second-largest economy.

Persons: Toby Melville, Smith, Siddarth, Subhranshu Sahu Organizations: London Stock Exchange, REUTERS, Melrose Industries, Prudential, Thomson Locations: Canary Wharf, London, Britain, U.S, Bengaluru

☆ Alfa Romeo will stay in motorsport, yet to decide on F1
▼ + stars: | 2023-09-01 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

"I feel that I must stay in motorsport and I will stay in motorsport. We don’t want to be full (in) for Alfa Romeo. I will not go to Rally Raid and I will not go on WRC (world rally) for obvious reasons for the story of Alfa Romeo. Alfa are effectively title sponsors of Sauber, who run the team, under a deal driven by the late FIAT Chrysler boss Sergio Marchionne. "It was reasonable, it was sized at the height of Alfa Romeo and Sauber, it was not the dreaming contract.

Persons: Max Verstappen, Jennifer Lorenzini, Romeo, Jean, Philippe Imparato, Imparato, Alfa Romeo, Haas, Ferrari, Sergio Marchionne, Alan Baldwin, Toby Davis Organizations: Prix, Autodromo Nazionale Monza, Prix REUTERS, One, Sauber, Frenchman, Reuters, Audi, Volkswagen, Alfa, WRC, Maserati, FIAT Chrysler, FIA, Formula One Management, Netflix, Vegas, Motorsport, Thomson Locations: Monza, Italy, United States

☆ Packaging regulation may lead to markets 'being flooded with plastic,' says sustainability head
▼ + stars: | 2023-08-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPackaging regulation may lead to markets 'being flooded with plastic,' says sustainability headWouter van Tol, head of sustainability & community affairs at DS Smith, discusses plastic packaging regulation with CNBC.

Persons: Wouter van Tol, Smith Organizations: CNBC

☆ China state banks seen mopping up offshore yuan to stem currency weakness
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +3 min

Coins and banknotes of China's yuan are seen in this illustration picture taken February 24, 2022. Tightening up offshore yuan liquidity could also act to stabilise the yuan, one of the sources said. Following the state bank move, the offshore yuan rallied and was last trading at around 7.2834 per dollar, up around 0.3% on the day. The cost of shorting the yuan jumped, the state bank sources told Reuters, as seen from sudden rises in offshore yuan tomorrow-next forward points . During London trade, offshore yuan forwards jumped across the board amid signs of yuan liquidity tightness, with several banking sources attributing the liquidity squeeze to the activity by banks.

Persons: Florence Lo, Masayuki Kichikawa, Alvin Tan, Kevin Buckland, Ed Osmond, Angus MacSwan Organizations: REUTERS, Rights, greenback, Sumitomo Mitsui DS Asset Management, Reuters, People's Bank of China, Asia FX, RBC Capital Markets, UBS, Shanghai Newsroom, Thomson Locations: China, London, Asia, Tokyo

☆ China surprises with modest rate cut amid growing yuan risks
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +4 min

The one-year loan prime rate (LPR) was lowered by 10 basis points to 3.45% from 3.55% previously, while the five-year LPR was left at 4.20%. The 10 bp cut in the one-year rate was smaller than the 15 bp cut expected by most poll respondents. Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages. The reduction in the one-year LPR came after the People's Bank of China (PBOC) unexpectedly lowered its medium-term policy rate last week. Cheung added that the unexpected rate outcome should be "negative to China growth outlook and the yuan exchange rate".

Persons: Tingshu Wang, LPR, Masayuki Kichikawa, Ken Cheung, Cheung, Winni Zhou, Tom Westbrook, Kevin Buckland, Sam Holmes Organizations: People's Bank of China, REUTERS, Rights, Sumitomo Mitsui DS Asset Management, Mizuho Bank, Thomson Locations: Beijing, China, Rights SHANGHAI, SINGAPORE, Shanghai

☆ Analysis: Japan's policymakers hold fire as yen enters intervention range
▼ + stars: | 2023-08-15 | by ( Kevin Buckland | ) www.reuters.com time to read: +4 min

But a key factor behind the yen's weakness is unchanged, namely the yawning yield gap with the United States. Yet currency traders remain nervous about provoking intervention, as the yen entered the same zone that triggered heavy dollar selling by Japanese authorities in September and October of last year. For now, traders are testing the waters by selling the yen against sterling and the Swiss franc, mindful that selling against the dollar could gather momentum quickly. From a purely macroeconomic perspective, Kichikawa said, officials have no imperative to prevent yen weakness before 150, which is consistent with the mild inflationary pressure that the BOJ aims to foster. The bond market, which precipitated the yen's slide, may ultimately give Japan's authorities reason to hold off on pressing the intervention button.

Persons: Shunichi Suzuki, Suzuki, Aaron Hurd, Masayuki Kichikawa, Brent, Kichikawa, Shinichiro Kadota, Kevin Buckland, Saqib Iqbal Ahmed, Simon Cameron, Moore Organizations: Bank of Japan, Finance, State Street Global Advisors, Swiss, Brent, Sumitomo Mitsui DS Asset Management, Treasury, Barclays, Thomson Locations: TOKYO, United States, Tokyo, Boston, Japan

☆ Stellantis tops forecasts, looks to cost cuts to keep margins strong
▼ + stars: | 2023-07-26 | by ( Giulio Piovaccari | ) www.reuters.com time to read: +2 min

[1/2] A DS 4 automobile, produced by Stellantis, stands on display during its launch event in Paris, France, February 3, 2021. The world's third largest automaker by sales said its January-June adjusted earnings before interest and tax (EBIT) rose 11% to 14.1 billion euros ($15.6 billion), topping the 12.1 billion expected by analysts in a Reuters poll. Milan-listed shares in Stellantis were up 1.6% by 0725 GMT, outpacing a 0.15% rise in Italy's blue-chip index (.FTMIB). He argued that the Stellantis margin performance was still better than those of Tesla (TSLA.O) and GM (GM.N), which he said posted margins of 10.5% and 8.3% respectively. Its first-half EBIT margin fell 60 basis points to 17.5% in North America, the group's most profitable region.

Persons: Benoit Tessier, EBIT, Carlos Tavares, Stellantis, Alfa Romeo, Ram, Natalie Knight, Tesla, Giulio Piovaccari, Gilles Guillaume, Federico Maccioni, Jason Neely, Keith Weir Organizations: REUTERS, Milan, GM, Fiat, Peugeot, Jeep, Thomson Locations: Paris, France, MILAN, Stellantis, North America, China, Europe, Milan

☆ New EV battery plant fuels labor tensions as UAW strike looms deadline
▼ + stars: | 2023-07-24 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

New York CNN —Stellantis and Samsung SDI announced plans Monday for another EV battery plant joint venture to open in 2027. Four major EV battery plants have opened in recent years and 19 more are planned with Monday’s announcement, according to the UAW. An aerial view of the Stellantis and Samsung Battery Plant construction site in Kokomo, Indiana. Those talks will have to be focused on the wages and benefits for the current UAW members. By comparison, UAW members with top seniority at a Big Three factory get $32.32 an hour, plus an annual bonus and profit sharing.

Persons: New York CNN — Stellantis, Shawn Fain, Stellantis, BEV, Kent Nishimura, ”, it’s, Fain, He’s, “, ” Stellantis Organizations: New, New York CNN, Samsung SDI, United Auto Workers, Stellantis, Jeep, Dodge, Chrysler, General Motors, Ford, UAW, don’t, GM, Fiat Chrysler, PSA Group, Peugeot, Opel, Vauxhall, Samsung Battery, Los Angeles Times, Samsung, Big, LG, SK, CNN, ICE Locations: New York, United States, Europe, Kokomo , Indiana, Warren Ohio, Korean, Kokomo

☆ The Ukrainians are begging Western countries for F-16s, but they've also got their eyes on an often overlooked Swedish jet
▼ + stars: | 2023-07-23 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +6 min

Ukraine has repeatedly asked Western countries to give it F-16 fighter jets to take on Russia. To better fight the air war and support its ground forces, Ukraine has repeatedly asked Western countries for F-16 fighter jets, and those countries are moving toward supplying them. Matthew Horwood/Getty ImagesThe Gripen is well regarded by experts and may be uniquely suited for the war in Ukraine. That'll be great for future marketing of your aircraft,'" Alperovitch added. Of the six countries that fly the jet, only Sweden and the Czech Republic have backed Ukraine in the war.

Persons: Sweden's JAS, Dmitri Alperovitch, Alperovitch, Griffin, JAS, Matthew Horwood, Petr Josek PJ, That'll, Czech JAS, Mindy Bloem, John Kirby, Constantine Atlamazoglou Organizations: Gripen, Service, Royal Military Air, Getty, IRIS, Ukraine's Air Force, Strategic Services, Saab, REUTERS, AA, Russian Air Force, Kyiv, US Air National Guard / Tech, Gripen Es, Swedish Air Force, White House National Security Council, Fletcher School of Law, LinkedIn, Twitter Locations: Ukraine, Russia, Swedish, Wall, Silicon, Western, Kyiv, Prague, Sweden, Stockholm, Czech Republic, Brazil, South Africa, Thailand, Hungary, Czech, Poland, Slovakia

☆ 4 major fighter-jet deals could reshape the Middle East's biggest militaries for decades to come
▼ + stars: | 2023-07-16 | by ( Paul Iddon | ) www.businessinsider.com time to read: +11 min

Middle Eastern countries have for decades been major buyers of advanced fighter jets. Four potential deals involving Turkey, Iraq, Iran, and Egypt show that the trend will continue. Four looming acquisitions by Turkey, Iraq, Iran, and Egypt show that this trend will not change any time soon. Egypt's EaglesEgyptian Air Force MiG-29s during an exercise in Sudan in May 2021. While the Russian jets couldn't exchange data with Egypt's US-made aircraft, Cairo hoped they could operate as an "air force within an air force" and partially redress its limited air-to-air capabilities.

Persons: Cuneyt, MURAD, Erdogan, Mehmet Kaman, Recep Tayyip Erdogan's, Biden, Sen, Bob Menendez, hasn't, Iran's, Vladimir Putin, Ebrahim Raisi, ALEXANDR DEMYANCHUK, it's, —, Iran hasn't, ATTA KENARE, Mohammed Reza Ashtiani, Iraq's, KARIM SAHIB, Saddam Hussein's, Ali Mohammed, KARI, ASHRAF SHAZLY, Derek Seifert, Frank McKenzie, Israel, Paul Iddon Organizations: Service, United Arab Emirates, Dassault Rafales, Dassault, Vipers, NATO Air Policing, Anadolu Agency, Getty, US, Turkish Aerospace Industries, Getty Images, NATO, Senate Foreign Relations, SPUTNIK, Army Day, Iranian Parliament's National Security, Foreign, Iranian Defense, Rafale, ISIS, Getty Images Iraq, Thales Ground, AIM, Meteor, Egypt's Eagles Egyptian Air Force, Eagles, US Air Force, US Central Command Locations: Turkey, Iraq, Iran, Egypt, Wall, Silicon, Saudi Arabia, Israel, Poland, Ankara, Syria, Greece, Samarkand, Getty Images Iran, Russia, Ukraine, Moscow, Soviet, US, Tehran, AFP, Iranian, Persian, Baghdad, France, South Korea, Czech, Iraqi, Balad, Sudan, Qatar, Cairo, Derek Seifert Egypt

☆ Stellantis to build new Jeep Compass as fifth model in Melfi
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: +2 min

MILAN, July 13 (Reuters) - Stellantis will build the new Jeep Compass, one of the carmaker's bestsellers in Europe, as the fifth model for its Melfi plant in southern Italy, two sources close to the matter told Reuters on Thursday. The new model will be a development from the Compass SUV the Franco-Italian group currently produces in Melfi, one of its main assembly sites in the country. The new Jeep Compass will join four other new models the carmaker had promised for Melfi but which it has not yet officially announced. The production of models in Melfi underpinned by the new Stellantis platform for medium-sized cars is expected to start during 2024. Stellantis currently also builds Jeep's Renegade and Fiat's 500X models in Melfi.

Persons: Stellantis, Carlos Tavares, Adolfo Urso, Melfi, Germany's, Italy's Lancia, Giulio Piovaccari, Gilles Guillaume, Keith Weir Organizations: MILAN, Jeep, Reuters, Compass, Jeep Compass, Germany's Opel, Thomson Locations: Europe, Melfi, Italy, Italian, Paris

☆ DS Smith CEO says there are still opportunities in the UK despite challenges
▼ + stars: | 2023-06-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDS Smith CEO says there are still opportunities in the UK despite challengesDS Smith CEO Miles Roberts says his company still sees value in U.K. investments, despite domestic challenges.

Persons: Smith, Miles Roberts

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