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Bitcoin miners brace for impact as halving goes live
  + stars: | 2024-04-21 | by ( Mackenzie Sigalos | ) www.cnbc.com   time to read: +17 min
The technical event is relatively simple: Bitcoin miners get paid in bitcoin to validate transactions, and after 210,000 blocks of transactions are computed and added to the main chain, the reward given to the miners securing bitcoin is 'halved.' The aggregate market cap of the 14 U.S.-listed bitcoin miners tracked by JPMorgan analysts declined 28% over the first half of April to $14.2 billion, reaching year-to-date lows. Some have billed the 2024 bitcoin halving as a seminal moment for the mining sector. Marathon, along with other mining firms, has begun diversifying its business model into ancillary operations beyond purely bitcoin mining. Sullivan continued, "Bitcoin mining sites can only be repurposed if they meet the attributes that are required for HPC.
Persons: AUSTIN , TEXAS — Adam Sullivan, bitcoin, Sullivan, they'll, it's, Core's Sullivan, Bitdeer, Needham, Haris Basit, Basit, Cantor Fitzgerald, Greg Beard, Beard, Bitdeer's, Jason Les, Les, Fred Thiel, Capex, Thiel, Stronghold's Beard, Nic Carter, Blackrock, Bill Barhydt, Barhydt, Island's Carter isn't, Carter, CoinShares Organizations: bitcoin, CNBC, JPMorgan, Cipher, Bitdeer Technologies, Mining, Miners, Riot, Island Ventures, Circuits, Nvidia, CoreWeave, Bitcoin, HPC Locations: AUSTIN , TEXAS, Texas, bitcoin, U.S, Rockdale , Texas, Singapore, Bitcoin, Hong Kong, Abra, Europe, Dalton , Georgia, North America
Nationwide, women outearn men in just 42 U.S. cities out of an analysis of some 1,800 cities, according to a new GoBankingRates report using Census Bureau data. : Women earn a median $69,983 a year Oakland, Calif.: Women earn a median $68,260 a year Goleta, Calif.: Women earn a median $65,030 a year Laurel, Md. : Women earn a median $65,008 a year Monrovia, Calif.: Women earn a median $62,016 a year Hackensack, N.J.: Women earn a median $60,237 a year Newark, Del. : Women earn a median $58,769 a year Chamblee, Ga.: Women earn a median $58,590 a yearIn each of these cities, women outearn men by a share of .14% to 18.95% of what men earn. However, men outearn women in each of these cities by a rate of 60% to 70%.
Persons: Bowie, Andrew Murray, Murray, San Organizations: Washington D.C, CNBC, Research, Department of Defense, Calif Locations: U.S, Md, Clinton, Fort Washington, Oakland, Calif, Goleta, Laurel, Monrovia, Hackensack, N.J, Newark, Del, Washington, Jacksonville, N.C, Los Altos, Saratoga, McLean, Va, San Carlos, Wellesley, Mass
Five U.S. Marines aboard a helicopter that went down during stormy weather in the mountains outside of San Diego are confirmed dead, the military said Thursday. Authorities say the CH-53E Super Stallion vanished late Tuesday night while returning to Marine Corps Air Station Miramar in San Diego after training at Creech Air Force Base, northwest of Las Vegas. "It is with a heavy heart and profound sadness that I share the loss of five outstanding Marines from 3d Marine Aircraft Wing and the "Flying Tigers," Maj. Gen. Michael J. Borgschulte, commander of 3rd Marine Aircraft Wing, said in a statement. The craft was discovered Wednesday morning near the mountain community of Pine Valley, an hour's drive from San Diego. Civilian authorities searching on ground and by air located the aircraft, which went down during stormy weather in the Southern California mountains, about 45-miles (72-kilometers) from San Diego.
Persons: Maj, Michael J, Borgschulte, Borgshulte, Stephanie Leguizamon, Mike Cornette Organizations: Stallion, U.S, Marines, Authorities, Marine Corps Air Station Miramar, Creech Air Force Base, 3d Marine Aircraft Wing, Flying Tigers, 3rd Marine Aircraft, California Department of Forestry, Fire Protection, CBS, Cal Fire, Civilian Locations: Subic Bay Freeport Zone, Philippines, San Diego, Las Vegas, Pine Valley, Southern California
Trade associations representing sectors across the global economy have joined an open letter urging more governments around the world to join Red Sea maritime security efforts. Currently, U.S.-led Operation Prosperity Guardian is the primary military defense effort protecting merchant vessels that have come under attack from Houthi rebels in the Red Sea. The trade groups' letter comes at a time when the scrutiny of military efforts in the Red Sea is rising within countries that have taken a lead role, including the U.S. Senators on the Foreign Relations Committee, as well as House representatives, have recently questioned the Biden administration's unilateral authorization of Navy action in the Red Sea that can be on behalf of foreign-flagged vessels. Despite political pressure, the flow of global trade remains heavily reliant on the use of foreign vessels.
Organizations: CNBC, American Apparel and Footwear Association, National Retail Federation, Prosperity Guardian, U.S, Senators, Foreign Relations, Biden, MDS Transmodal Locations: Red, U.S, France
SAN DIEGO (AP) — The military said search-and-rescue efforts were continuing for five U.S. Marines after their helicopter went down during stormy weather in the Southern California mountains. Here’s what we know so far:WHAT HAPPENEDA CH-53E Super Stallion helicopter was returning from a training mission in Nevada when it disappeared Tuesday night. About 99 feet (30 meters) long, the Super Stallion can move troops and equipment from ships to shore, ferry supplies and launch amphibious assaults. Nicknamed the “hurricane maker” because of the downwash from its three engines, the Super Stallion has a 50-mile (80.5-kilometer) range. In 2005, a Super Stallion went down in a sandstorm in Iraq, killing 31 people on board.
Persons: Mike Cornette, Joe Biden, Karine Jean, Pierre, , John Kirby, San Diego County’s, ___ Baldor, John Antczak Organizations: DIEGO, U.S, Marines, Stallion, Civilian, Creech Air Force Base, Marine Corps Air Station Miramar, California Department of Forestry, Fire Protection, CBS, Cal Fire, WHO, Heavy Helicopter Squadron, Marine Aircraft, 3rd Marine Aircraft Wing, Super Stallion, U.S . Navy, White, National Security, U.S . Forest Service, . Border Patrol, San Diego County Sheriff’s Department, Civil Air Patrol, San Diego, Cleveland National Forest, Super, U.S ., Marine Corps, Associated Press Locations: Southern California, Nevada, Pine Valley, San Diego, Las Vegas, California, New York City, San Diego County, Pine, San, Cleveland, Beirut, Somalia, Persian Gulf, Afghanistan, Iraq, Libya, Mogadishu, Miramar, El Centro, Mexico, Washington, Los Angeles
SAN DIEGO (AP) — Crews were searching for a Marine Corps helicopter carrying five troops from Nevada to California that was reported overdue early Wednesday, officials said. The Marines were flying a CH-53E Super Stallion helicopter from Creech Air Force Base in Clark County, Nevada, to Marine Corps Air Station Miramar in San Diego, the Marine Corps said in a statement. The five U.S. Marines were assigned to Marine Heavy Helicopter Squadron 361, Marine Aircraft Group 16, 3rd Marine Aircraft Wing at Miramar. The 3rd Marine Aircraft Wing based at Miramar Air Station in San Diego is coordinating search and rescue efforts with the San Diego County Sheriff’s Department and the Civil Air Patrol, the Marine Corps said. It was unclear what time the helicopter took off from Nevada or why it was flying back in the storm.
Persons: — Crews, Matthew Carpenter Organizations: DIEGO, Marine Corps, Marines, Stallion, Creech Air Force Base, Marine Corps Air Station Miramar, U.S, Marine Heavy Helicopter Squadron, Marine Aircraft, 3rd Marine Aircraft, Miramar Air Station, San, San Diego County Sheriff’s Department, Civil Air Patrol, Sheriff’s, National Weather Service, Naval Air System Command Locations: Nevada, California, Clark County , Nevada, San Diego, Miramar, San Diego County, Pine Valley
U.S. import and export data shows that the majority of the country's trade is on foreign-flagged vessels. The Congressional calls to consider prioritizing U.S.-flagged vessels come at a time when the Iranian-backed Houthis continue to attack shipping in the Red Sea. Other nations, including U.S. ally France, have already declared their priority is to escort French-linked vessels after facing nationalistic pressure. "It could also be argued that directing military action to defend U.S. commercial shipping is within this power. However, most vessels transiting through the Red Sea are not U.S. ships, which raises questions about the extent to which these authorities can be exercised," they wrote.
Persons: Gerald R, Dwight D, Eisenhower, Mohammed Al, , Biden's, Charles, Bud, Darr, Salud Carbajal, Hapag Lloyd, Carbajal's, Tim Kaine, Todd Young, Chris Murphy, Mike Lee Organizations: United States, Ford, Anadolu, Getty, Capitol, U.S, MDS Transmodal, Congressional, Gaza, Senate Foreign Relations, White House, Representatives, MSC, U.S . Navy, Maersk, White, Senate Armed Services, Foreign Relations, Senate, Relations, Counterterrorism Locations: Red, U.S, Iranian, Iran, France, Marshall, United States, East, South Asia, Central Asia
Tennessee is among 35 states, all five U.S. territories and four tribes that have opted into the Summer Electronic Benefits Transfer program, or Summer EBT, for this summer. "Established during the pandemic, Summer EBT was intended to supplement existing food assistance programs in extraordinary circumstances. “I think it is a mistake to not continue with Summer EBT in 2025 and beyond,” Anderson said in an interview. Under the federal program, some 644,000 Tennessee children can receive $77.3 million more in aid this summer, creating a multiplied economic impact, according to the USDA Food and Nutrition Service. All 50 states administer the existing Summer Food Service Program, which provides sites where kids can eat for free.
Persons: won’t, Joe Biden's, Bill Lee's, , Elizabeth Johnson, Lee, EBT, Signe Anderson, she's, ” Anderson, Jim Pillen, Tom Vilsack, he’s Organizations: , . Tennessee, Republican, Republican Gov, “ Tennessee, Tennessee Justice Center, U.S . Department of Agriculture, USDA, Assistance, Nebraska Gov, USDA Food, Nutrition Service, Food Service Program, Associated Locations: Tenn, — Tennessee, ., Tennessee, , Nebraska, ” Tennessee
Nebraska is among more than a dozen states — all with Republican governors — that have opted out of receiving the funding. Kim Reynolds criticized the federal food program as doing “nothing to promote nutrition at a time when childhood obesity has become an epidemic. Statistics from the U.S. Department of Agriculture showing a steady increase in food insecurity among Nebraska families could help explain that flood of calls, Day said. “This places Nebraska above the national average and gives us the 11th highest food insecurity in the nation,” she said. “As many of you know, food is more expensive than ever, and it’s squeezing low-income Nebraska residents hardest."
Persons: Weeks, Jim Pillen, , Omaha Sen, Jen Day, , Kim Reynolds, Sen, Ray Aguilar, Aguilar, Day, Pillen Organizations: Republican Gov, Legislature's, Human Services Committee, SNAP, Democrat, Nebraska Legislature, Republican, Statistics, U.S . Department, Agriculture, Summer Food Service Program, U.S . Department of Agriculture Locations: Nebraska, Omaha, Iowa, Grand, U.S
The health-care division of French ad giant Publicis agreed to pay $350 million to settle claims that its past marketing efforts for drugmakers helped fuel America's opioid crisis, U.S. state attorneys general announced Thursday. Publicis Health said it will distribute $343 million of its total charge among all 50 states, as well as Washington, D.C., and five U.S. territories. "The full settlement amount should quickly and directly contribute to the States' opioid relief effort," Publicis Health said in a statement. "The fight against the opioid crisis in the United States requires collaboration across industries, lawmakers, and communities, and we are committed to playing our part," the statement said. Publicis Health noted that $130 million of its payment to the states has been compensated by its insurers.
Organizations: Publicis Groupe SA, Health, D.C Locations: Paris, France, U.S, Washington, United States
ATMORE, Ala. (AP) — Alabama's first-ever use of nitrogen gas for an execution could gain traction among other states and change how the death penalty is carried out in the United States, much like lethal injection did more than 40 years ago, according to experts on capital punishment. Oklahoma and Mississippi already have laws authorizing the use of nitrogen gas for executions, and some other states, including Nebraska, have introduced measures this year to add it as an option. “This is a chapter in a long-running story in the United States,” Sarat said. A majority of states, 29, have either abolished the death penalty or paused executions, and there were just 24 executions carried out in five U.S. states in 2023, according to Washington, D.C.-based Death Penalty Information Center. “More states have abolished the death penalty since 2007 than in any other comparable 17-year period in American history,” Sarat noted.
Persons: — Alabama's, Steve Marshall, Kenneth Eugene Smith, ” Marshall, , Steven Harpe, Smith, gurney, John Q, Hamm, ” Hamm, Harpe, Justin Farris, ” Farris, , Austin Sarat, ” Sarat, Clayton Lockett, Lockett, ” Ryan Kiesel, ” Kiesel, ” ___ Murphy Organizations: Alabama, Amherst College, Washington , D.C, American Civil Liberties Union Locations: Ala, United States, “ Alabama, Alabama, Oklahoma, Mississippi, Nebraska, Europe, U.S, Washington ,, Oklahoma City
Just over a year after the crypto winter sent bitcoin miner Core Scientific spiraling into bankruptcy, the Texas-based company is back on the Nasdaq. Even in bankruptcy, Core invested in developing its infrastructure. The public markets have been going big in mining since bitcoin started rebounding. Bitcoin miners have pared back gains in the last few weeks as the price of bitcoin has fallen, and in April, a market-moving event dubbed the "halving" will cut the prize that miners receive in half. "We recommend achieving Bitcoin exposure via Bitcoin miners."
Persons: bitcoin, Adam Sullivan, Core, noteholders, Sullivan, Blockchain, CleanSpark, it's, Bernstein Organizations: Nasdaq, Trading, CNBC, Marathon, Research, Lightning Locations: Texas, U.S, — Texas, North Dakota, North Carolina Georgia, Kentucky, bitcoin
US pension plans lose bid to block cum-ex tax fraud case
  + stars: | 2023-11-21 | by ( ) www.reuters.com   time to read: +2 min
COPENHAGEN, Nov 21 (Reuters) - A group of U.S. pension plans has lost a bid to block Denmark's tax agency from pursuing millions of dollars from them in a "cum-ex" tax fraud case after a judge in a New York district court ruled the trial could proceed. Danish tax agency in 2018 filed civil lawsuits in federal district courts across the United States, accusing more than 100 retirement and pension plans of inflating the size of their Danish stock holdings in order to obtain higher tax refunds. In a bellwether trial in the New York court to help anticipate the results of future similar cases, the judge rejected arguments brought by seven defendants, meaning the Danish tax authority can proceed with its case. The second bellwether defendant group is the Solo group, which includes five U.S.-based pension plans, a lawyer, two trusts and their trustees. The Danish tax agency claims that British hedge fund trader Sanjay Shah masterminded a fraudulent scheme that involved submitting wrongful applications for dividend tax refunds on behalf of investors and companies around the world between 2012 and 2015.
Persons: Sanjay Shah, Shah, Bech, Bruun, Jacob Gronholt, Pedersen, David Evans Organizations: F Man Capital, Thomson Locations: COPENHAGEN, New York, Danish, United States, Denmark, Germany, Belgium, Dubai, London
Several executives committed their own, personal money to buying their company's stock this week. CNBC Pro screened for the five U.S. companies with the biggest insider buying activity over the past week, using data from VerityData. Intel — Director Lip-Bu Tan purchased 66,000 shares at an average price of $37.84 for a total of $2.5 million. Opko Health — CEO Phillip Frost bought 1 million shares at $1.27 apiece in a "high IQ" buy for a total of $1.27 million. Another notable insider purchase this week came from SolarEdge Technologies ' director Avery Moore, who bought about 15,000 shares at an average price of $70.96 for a total of $1.09 million.
Persons: Seifi Ghasemi, Tan, Kristina Burow, Phillip Frost, Orlando Carvalho, Frost, Opko, Carvalho, FactSet, Avery Moore, SolarEdge Organizations: CNBC Pro, Air Products, Chemicals, Intel, Therapeutics, Health, Mercury Systems, SolarEdge Technologies
WASHINGTON (Reuters) -Five U.S. service members were killed on Friday when their aircraft crashed into the Mediterranean Sea during a refueling training mission, the U.S. Defense Department said on Sunday. Search and rescue operations involving nearby U.S. military aircraft and ships immediately followed the crash and an investigation into its cause is under way, U.S. European Command said in a statement. U.S. European Command, which handles American military operations in Europe and parts of the Middle East, reported the accident on Saturday. "We can definitively say that the aircraft sortie was purely related to training and there are no indications of hostile activity," it said. Identities of the victims will not be released until next of kin notifications are completed, the command said.
Persons: Joe Biden, Katharine Jackson, Andrea Shalal, Scott Malone, Grant McCool, Sandra Maler Organizations: WASHINGTON, U.S, U.S . Defense, U.S . European Command Locations: U.S, Israel, Europe
Five U.S. Army Special Operations forces have died in a helicopter crash in the eastern Mediterranean Sea, American officials said on Sunday. The troops were crew members of an MH-60 helicopter that was on a refueling training mission early Saturday when the aircraft crashed off the coast of Cyprus, three U.S. officials said, speaking on the condition of anonymity to discuss operational details. The crash is under investigation, they said. The Pentagon has quietly dispatched to Cyprus commando teams from the Joint Special Operations Command, including the Army’s Delta Force and the Navy’s SEAL Team 6, to stand by in case they are needed to help evacuate American citizens from the region. The commandos are also trained in hostage rescue operations.
Persons: Biden, Israel Organizations: U.S, Army Special Operations, Pentagon, Operations Command, Army’s Delta Force, Navy’s Locations: Cyprus, Israel, Gaza
US soldiers are seen in front of the United States European Command (EUCOM) on May 3, 2016 at the Patch Barracks in Stuttgart, southern Germany. - A ceremony took place at the barracks as US General Curtis Scaparrotti was introduced as Commander of the US European Command, taking over from US General Philip Breedlove. EUCOM said all five crew members were killed when it went down "during a routine air refueling mission as part of military training." It said on Sunday that "search and rescue efforts began immediately, including nearby U.S. military aircraft and ships." It wasn't immediately clear what military service the aircraft belonged to.
Persons: Curtis Scaparrotti, Philip Breedlove, Marijan Murat, MARIJAN MURAT, servicepeople, EUCOM, Gerald R Organizations: United States European Command, US European Command, US, Getty, U.S . European Command, Command, of Defense, The Air Force, Ford Locations: Stuttgart, Germany, AFP, U.S
Executives of some beaten-down companies, including one battered biotech name and a popular soft drinks maker, scooped up shares of their own stock in the past week. Here are the top insider buys: Energy Transfer — Executive Chairman Kelcy Warren bought one million shares Monday at $13.53 per share for a total value of $13.53 million. Shares are up more than 2% over the past month. Enstar Group CEO bought swathes of shares Wednesday, the day after the company reported its earnings for the third quarter. The stock has gained about 8% so far this year and shares are up roughly 4% over the past month.
Persons: Kelcy Warren, Dominic F, Silvester, Nigel W, Morris, Richard Barry, Verity, Douglas Ingram, Keurig Dr Pepper, Timothy P, Cofer, Dr Pepper's, Dr Pepper —, Dr Pepper, Mott's —, Enstar Organizations: CNBC Pro, , Global, Therapeutics, Remitly, FDA, U.S . Securities, Exchange, Enstar Locations: Canada
The United States carried out strikes on Wednesday against a weapon storage facility in eastern Syria that the Pentagon said was used by Iran's Islamic Revolutionary Guard Corps (IRGC) and affiliated groups. President Joe Biden said the United States had to respond after U.S. troops were targeted and that the retaliatory strikes were working. White House spokesman John Kirby separately told CNN that the U.S. strikes "had a practical impact on their ability to arm these groups, but also to send a strong signal of deterrence." The United States has occasionally carried out retaliatory strikes against Iranian-backed forces in the region after they attack American forces, including one on Oct. 26. "He stands on a real, real, real fine little pin there when he talks about coordination and not directing," Kirby responded.
Persons: Joe Biden, Biden, John Kirby, they're, Kirby, Amir Saeid Iravani, Iravani, Doina Chiacu, Steve Holland, Susan Heavey, Toby Chopra, Alistair Bell Organizations: U.S, United, Pentagon, Islamic Revolutionary Guard Corps, CNN, United Nations, House, Thomson Locations: Syria, Israel, United States, U.S, Iraq, Iran, Gaza
REUTERS/Ints Kalnins/File Photo Acquire Licensing RightsWASHINGTON, Nov 8 (Reuters) - The United States, for the second time in recent weeks, carried out strikes on Wednesday against a weapon storage facility in eastern Syria that the Pentagon said was used by Iran's Islamic Revolutionary Guard Corps (IRGC) and affiliated groups. As tensions soar over the Israel-Hamas conflict, U.S. and coalition troops have been attacked at least 40 times in Iraq and Syria by Iran-backed forces since the start of October. The United States has occasionally carried out retaliatory strikes against Iranian-backed forces in the region after they attack American forces. On Oct. 26, U.S. forces attacked two facilities used by the IRGC and groups its backs. The United States has sent warships and fighter aircraft to the region since the Israel-Hamas conflict erupted on Oct. 7, including two aircraft carriers, to try to deter Iran and Iran-backed groups.
Persons: Lloyd Austin, Ints, Austin, Idrees Ali, Chris Reese, Lisa Shumaker, Sandra Maler Organizations: Defense, REUTERS, Rights, Pentagon, Islamic Revolutionary Guard Corps, . Defense, U.S, United, Reuters, Thomson Locations: Riga, Latvia, United States, Syria, Israel, U.S, Iraq, Iran, State, East, Yemen
The administration approved five U.S. LNG export licenses to serve the European market following Russia's invasion, having approved none beforehand. U.S. special climate envoy John Kerry told Reuters last year that greenhouse gas emissions were an inevitable "downside" to increasing LNG exports to European allies. CO2 emissions from the energy-intensive process of liquefying gas for export mark only one stage in the industry's overall climate impact. Critics argue that it is unclear whether the U.S. gas export boom to Europe is displacing coal or delaying a transition to renewables like solar and wind. NextDecade Corp has said its proposed terminal near Brownsville, Texas, could remove more than 90% of its expected 6.4 million tons per year of carbon emissions.
Persons: Arathy, Biden, John Kerry, Robert Fee, Critics, Alexandra Shaykevich, Sempra, Susan Richardson, Tim McLaughlin, Richard Valdmanis, Suzanne Goldenberg Organizations: Reuters, Cheniere Energy, United, U.S . Environmental Protection Agency, Federal Energy Regulatory, Biden White, LNG, The Energy Department, FERC, U.S, Energy Information Administration, Reuters Graphics, Washington, Venture Global, CCS, SEC, Talos Energy, NextDecade, Thomson Locations: Freeport, U.S, Freeport , Texas, United States, Russia, Ukraine, Europe, Texas, Cameron, Louisiana, Brownsville , Texas
LAS VEGAS (AP) — Republican presidential candidates professed their strong support for Israel on Saturday as they addressed an influential Republican Jewish group during a campaign stop that coincided with Israel’s stepped-up offensive in the war against Hamas and included the exit of a high-profile contender from the 2024 race. Israel has targeted the Palestinian enclave with airstrikes and cut off power and communications as it mounts an operation against the militant group. But this year's summit comes as Israel has been plunged in crisis and put on war footing. The organization's longtime benefactor, billionaire casino mogul and GOP megadonor Sheldon Adelson, became a big backer of Trump and implored coalition members to support Trump in 2016. In their remarks, most of the candidates pledged robust support for Israel.
Persons: Israel’s, Mike Pence, Donald Trump, Pence, Joe Biden, , ” Trump, . Sen, Tim Scott, Vivek Ramaswamy, Scott, ” Ramaswamy, Israel —, waring, Trump, Chris Christie, Sheldon Adelson, Adelson, Miriam Adelson, Biden, Ramaswamy, Ron DeSantis, ” Scott, Rashida Tlaib Organizations: LAS VEGAS, — Republican, Israel, Republican, America, Trump, Democratic, Republican Jewish Coalition, Constitution, White, ., Hamas, Republicans, Las, Jewish, Former New Jersey Gov, Florida Gov, Americans, U.S . Rep, Palestinian American Locations: Gaza, Israel, U.S, United States, Vegas, Palestinian, Iran, Ukraine, Russia
REUTERS/Leah Millis/File Photo Acquire Licensing RightsWASHINGTON, Oct 26 (Reuters) - Australian Prime Minister Anthony Albanese met the new speaker of the U.S. House of Representatives on Thursday and said he hoped the U.S. Congress would pass legislation related to the AUKUS submarine project this year. "We, of course, have important legislation required for AUKUS," Albanese told Johnson at the start of their meeting. "We are certainly hoping that the Congress can pass that legislation this year." Budget wrangling and the lack of a speaker for several weeks until Johnson's appointment interrupted the U.S. legislative process in Congress, and Australian officials have expressed concern about delays in approving legislation needed to move the AUKUS project forward. Officials and experts and say this is important for the success of AUKUS given the need to share U.S. technology both in the submarine project and a second AUKUS pillar involving three-way cooperation on high-tech weaponry.
Persons: Joe Biden, Anthony Albanese, Rishi Sunak, Leah Millis, Albanese, Mike Johnson, Johnson, Biden, Mara Karlin, Biden's, Joe Courtney, Courtney, David Brunnstrom, Rod Nickel Organizations: Australian, British, U.S, Naval Base Point, San Diego , California U.S, REUTERS, Rights, U.S . House, Capitol, Republicans, Pentagon, Democratic, Australia Caucus, National Defense, Republican, U.S . Navy, Thomson Locations: Australia, United Kingdom, Naval Base Point Loma, San Diego , California, Washington, U.S, United States, Britain, Australia Virginia
The targets represent a significant escalation in striking facilities used by Iran’s own forces in the region, not just the militias in Iraq and Syria that it helps arm and train. “These narrowly tailored strikes in self-defense were intended solely to protect and defend U.S. personnel in Iraq and Syria,” Mr. Austin said. Since Oct. 17, Iran-backed militia have carried out at least 12 rocket or one-way attack drone strikes against U.S. troops in Iraq and at least four attacks in Syria, Brig. There are 2,500 troops in Iraq and 900 in Syria, mainly helping local allies conduct counterterrorism missions against the Islamic State. “I believe there is concern that our bases in Syria and Iraq, especially Syria, could be attacked by a wave of drones and it could overwhelm the defenses currently there,” Mick Mulroy, a former defense official and retired C.I.A.
Persons: Biden, Lloyd J, Austin III, Mr, Austin, ” Mr, , Patrick S, Ryder, ” Mick Mulroy, General Ryder, Al Asad, we’ve, Organizations: Islamic Revolutionary Guards Corps, American, U.S, , Hamas, U.S ., Pentagon, Iran, The Defense Department, Al Asad, Al Asad Air Base, Islamic Locations: States, Syria, Iraq, Iran, East, U.S, Iranian, United States, Israel, Lebanon, Persian, Erbil, Al Asad Air, Brig, Islamic State
Iran's Supreme Leader Ayatollah Ali Khamenei attends a graduation ceremony for armed forces officers at the Imam Ali academy in Tehran, Iran October 10, 2023. "There was a direct message relayed," White House spokesman John Kirby said at a news briefing, declining to elaborate. U.S. troops have been attacked at least 12 times in Iraq and four times in Syria in the past week, it added. On Wednesday, Biden said he had warned the ayatollah the United States would respond if U.S. forces continued to be targeted but did not say how the message was communicated. "My warning to the ayatollah was that if they continue to move against those troops, we will respond, and he should be prepared.
Persons: Ayatollah Ali Khamenei, Ali, Joe Biden, John Kirby, Biden, Israel, Hossein Amirabdollahian, Steve Holland, Susan Heavey, Arshad Mohammed, Doina Chiacu, Jonathan Oatis Organizations: Iran's, Iranian, West Asia News Agency, REUTERS, Rights, U.S, Hamas, Pentagon, Wednesday, United Nations, Palestinian, Thomson Locations: Tehran, Iran, Israel, U.S, Iraq, Syria, United States, Gaza, Iran's, Palestine, Lebanon, Hamas, Yemen
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