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☆ Global arms fairs from Russia to the UAE: Photographer’s take on bizarre world
▼ + stars: | 2024-04-24 | by ( Christy Choi | ) edition.cnn.com time to read: +10 min

CNN —An arms fair may contain all the trappings of war, but it is nothing like a battlefield. Nikita TeryoshinA shot of the reception at the 2016 MSPO expo, the biggest arms fair in Eastern Europe. “It was the only (arms fair I’d been to) where they were shooting real rockets over 20 kilometers (12 miles) maybe,” said Teroyshin. Fairgoers wait for a shuttle to a live demonstration site during the 2019 Army military expo held in Alabino, Russia. Forever.”) is paired with an image of three women in Islamic veils at an arms fair, one pretending to hold a rifle depicted in the poster in front of her.

Persons: ”, Nikita Teryoshin, “, ” Teryoshin, Nikita Teryoshin “, Teryoshin, Majid, Teroyshin, Lockheed Martin, Nikita Teryoshin Teroyshin, ‘, KAI, Nikita Teryoshin Saudi, Linda Åkerström, eyeshadow, Nikita Teryoshin Åkerström, ” Teroyshin, he’s, Åkerström, you’ll Organizations: CNN, Swedish Bofors, expos, Tiger, Kalashnikov, Lockheed, Manufacturing, ITT, Otis Defence, CTA, Elbit Systems, BAE Systems Locations: Russian, Swedish, Kielce, Poland, Lima , Peru, Belarus, France, Germany, South Korea, China, UAE, Peru, Russia, Vietnam, USA, South Africa, Lucknow, Uttar Pradesh, India, “, DEFEXPO, Eastern Europe, Mali, Alabino, Abu Dhabi, Paris, Dortmund, Seoul, IDEX, Central, Western Europe, Saudi Arabia, Qatar, Australia, Ukraine

☆ Killer drones and multi-billion dollar deals: Turkey's rapidly-growing defense industry is boosting its global clout
▼ + stars: | 2023-03-28 | by ( Natasha Turak | ) www.cnbc.com time to read: +8 min

Drones aren't the only thing elevating Turkey's status as a growing player in the global defense industry. Turnover for the country's defense industry as a whole last year was $10 billion, according to Turkey's Presidency of Defense Industries. And the investment shows in the numbers: research and development in Turkey's defense sector "recently increased by 30 percent," the Atlantic Council's report wrote. Turkish defense manufacturers say they are booked for the next several years with orders to help replenish NATO stockpiles. Those firms also have high demand from Turkey's military alone — it is, after all, the second-largest military in NATO after the United States.

An Insider review found that his company has sold to foreign governments, including a $228 million dollar contract. What Mills didn't advertise was Pacem's munitions contracts with foreign governments. The company's chief legal officer Joseph Schmitz said all of Pacem's foreign munitions sales are approved by the Department of State. Mills's influence over American military spending while having ties to a munitions company poses the potential for conflicts of interest, an ethics watchdog said. In Congress, Mills sits on the House Foreign Affairs and Armed Services committees, which oversee military spending and foreign weapons sales.

☆ Russia is showing off advanced military tech around the world while its troops in Ukraine struggle with obsolete Soviet-era weapons
▼ + stars: | 2023-03-03 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Russia has been showing off advanced military technology around the world, according to the UK MOD. But its soldiers are struggling in Ukraine with Soviet-era equipment and limited supplies. This comes at the same time as Russia's own soldiers are dying in droves in Ukraine using old Soviet-era equipment. TASS also said that other Russian defense companies were due to show off "more than 200 full-scale samples of weapons and military equipment, ammunition and gear" at the event. As a result, the country's military has had to take Soviet-era tanks out of storage to fight, and has been using less-accurate Soviet-era missiles.

☆ 'Business is very good, unfortunately': Arms fair spotlights bonanza year ahead for weapons companies
▼ + stars: | 2023-02-24 | by ( Natasha Turak | ) www.cnbc.com time to read: +8 min

Mohammed Zarandah | Anadolu Agency | Getty ImagesFew things illustrate the health of the arms industry like a massive defense fair. Indeed, many countries are ramping up their defense spending to unprecedented levels. On top of that, U.S. military spending on Ukraine alone hit nearly $50 billion in the last year. China and Saudi Arabia also set respective records for their own governments' defense spending in 2022, despite inflation, giving no indications of slowing down. France's Caesar self-propelled guns, which have been highly effective in battle for the Ukrainian military, normally take two years to make; the government aims to cut that time in half.

☆ Here comes the biggest week of earnings. Plus an AI ode to the Dow
▼ + stars: | 2023-01-28 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

While only six companies in the Dow Jones Industrial Average are reporting next week, about 20% of the S & P 500 reports, making it the biggest week of earnings this season. The Dow and the S & P 500 gained 2.2% and 2.9% this week, respectively, while the Nasdaq Composite rose 4.7%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Slovakia's InoBat eyes electric vehicle battery plant in Serbia
▼ + stars: | 2022-11-14 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

The Serbian government has agreed to provide funding of up to 419 million euros ($431 million) including grants and tax incentives to support the project, InoBat said. InoBat has said it wants to build a gigafactory in western Europe and one in eastern Europe. Last month InoBat said it had signed a declaration of intent with Spain's government to build a gigafactory in Valladolid. The company aims to build battery production capacity in 4 GWh increments starting in 2025 - costing around 350 million euros each - as contracts are signed. Ideanomics is an investor in InoBat, as are mining group Rio Tinto (RIO.L) and Czech utility CEZ (CEZP.PR).

☆ Morning Bid: Consumer drain as banks gain
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +5 min

Google's results in particular bode ill for Facebook parent Meta Platforms (META.O), especially reliant on advertising and reporting its results late on Wednesday. Consumer blues contrasted with bumper earnings from banks who are raking in huge windfalls from rising interest rates - direct cash injections from reserves they hold at central banks along with higher net interest margins and trading revenues flattered by volatile markets. read more read more read more read moreEuropean banks reporting this week matched Wall St counterparts on that score, raising conundrums for the European Central Bank meeting this week and Bank of England and U.S. Federal Reserve gatherings next week. They all plan further policy rate rises to rein in inflation - but this also involves direct transfers to their banks and potentially a drain on government finances. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

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