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☆ About half of the North Korean missiles Russia fired at Ukraine flew off course and exploded in the air, official says
▼ + stars: | 2024-05-07 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

Read previewAbout half of the North Korean missiles Russia has fired at Ukraine have failed, Ukraine's top prosecutor said, per new reporting. State prosecutors have been examining the debris of 21 out of 50 North Korean missiles fired at Ukraine by Russia between December and February. AdvertisementBeyond the missiles, North Korean rockets have also been called into question. Last summer, the Ukrainians got their hands on North Korean rockets that troops characterized as "very unreliable," noting they sometimes "do crazy things." AdvertisementOne of the North Korean missiles sent to Russia appears to be KN-23s, known in North Korea as the short-range Hwasong 11.

Persons: —, Andriy Kostin, Yuriy Belousov, Kim Jong Un, Vladimir Putin, Putin, Kostin Organizations: Service, North Korean, Business, Korean, Reuters, North Locations: Russia, Ukraine, Korean, North, Pyongyang, North Korea, Korea, Russian, Kharkiv, Donetsk, Kirovohrad

International humanitarian officials said the military operation had halted the flow of aid from Egypt into Gaza, exacerbating extreme hunger and privation in the besieged territory. “The situation is catastrophic in every sense of the word,” said Dr. Suhaib Hems, the head of Kuwait Hospital in Rafah, adding that 27 bodies and 150 wounded people had been brought to his facility since Israeli tanks entered the city. The Israeli military said it had killed about 20 people in Rafah, describing the dead as Hamas militants. Hamas said it had fired on Israeli soldiers on Tuesday at another vital aid crossing, near Kerem Shalom, along Gaza’s southern border with Israel. The Israeli military said that four mortar shells and two rockets had been launched toward Kerem Shalom from Rafah but that no injuries or damage were reported.

Persons: ”, Suhaib Hems Organizations: International, Kuwait Hospital Locations: Rafah, Gaza, Egypt, Kerem Shalom, Israel, Shalom

☆ Here are other AI stocks vulnerable to profit taking as Druckenmiller sells some Nvidia
▼ + stars: | 2024-05-07 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

But the chipmaking darling is far from the only artificial intelligence stock that's run too far too fast. Elsewhere, Altimeter's Brad Gerstner eased his stake in the chipmaker and other winning technology stocks, he told CNBC's " Halftime Report ." Nvidia isn't the only AI play vulnerable to profit taking here. Of the group, Micron Technology shares trade at the most significant premium. Over the last year, shares have surged 493% and trade at a 185% premium to their five-year average PE.

Persons: Stanley Druckenmiller, CNBC's, Altimeter's Brad Gerstner, Druckenmiller, We've, Broadcom's Organizations: Nvidia, CNBC Pro, Devices, Micron Technology, Arm Holdings, Broadcom, Arista Networks, Applied Materials, KLA Corporation Locations: British

☆ Hamas’s announcement adds to the uncertainty of the cease-fire talks.
▼ + stars: | 2024-05-06 | by ( Aaron Boxerman | ) www.nytimes.com time to read: +1 min

The announcement by Hamas on Monday that it had accepted terms of a cease-fire added to the uncertainty that began over the weekend, when officials said that the armed group and Israel had reached an impasse after months of talks. As if to underscore that the fighting would continue, Hamas militants on Sunday launched rockets from Rafah, their last stronghold in Gaza, killing four Israeli soldiers. The terms Hamas had agreed to were not immediately clear, but a senior Israeli official quickly said that the terms were not those that Israel had agreed to. Hamas wants a permanent cease-fire. Israel wants a temporary truce.

Persons: Israel, Ismail Haniyeh Organizations: Sunday, Hamas Locations: Israel, Rafah, Gaza, Egypt, Qatar, Israeli, United States

Within the course of mere days, hopes for a cease-fire in the Gaza Strip have been raised, dashed and raised again, with no clear explanation. Thursday, May 2A Hamas leader said that the group would soon send a delegation to Cairo to “complete ongoing discussions” on a cease-fire deal. Sunday, May 5The talks — which are held indirectly, through mediators — hit an impasse, and Hamas said its delegation had left Cairo. An Israeli official described the negotiations as in “crisis.”Late in the day, Hamas launched rockets at a border crossing between Gaza and Israel, killing four Israeli soldiers. Then it said would send a working-level delegation back to the talks in Cairo anyway.

Persons: Israel —, —, Israel Organizations: Hamas Locations: Gaza, Gazan, Rafah, Cairo, “, Israel, Egypt, Qatar

☆ Rafah evacuation: Israel’s IDF tells Gazans in parts of eastern Rafah to ‘evacuate immediately’
▼ + stars: | 2024-05-06 | by ( Helen Regan | Sophie Jeong | ) edition.cnn.com time to read: +3 min

Northern Gaza is already experiencing a “full-blown famine” which is rapidly spreading across the strip after almost seven months of war, the World Food Programme warned over the weekend. Three IDF soldiers were killed and three critically injured in the rocket attack which was claimed by Hamas’ military wing, the Al-Qassam Brigades. It was not clear whether the call for evacuation was in response to the attack at Kerem Shalom, and the border crossing remained closed on Monday. The IDF would also not put an exact timeframe for how long people in eastern Rafah have to evacuate or offer assurances that the area they would move to would not be shelled. As I said, we’re having real-time situational assessments and assessing the situation,” said the IDF’s Shoshani.

Persons: CNN —, ”, ” Avichay Adraee, Adraee, Salam, Tiba Zaraa, Jens Laerke, Nadav Shoshani, Israel, Yoav Galant, Al, we’re, Shoshani, “ Organizations: CNN, IDF Spokesperson’s Unit, Defense Army, Food, Israeli, IDF, Hamas, United Nations Locations: Rafah, Gaza, “, Al, Geneva . Northern Gaza, ”, Egypt, Israel, Kerem Shalom

☆ Middle East Crisis Israeli Military Warns Thousands in Rafah to Evacuate
▼ + stars: | 2024-05-06 | by ( Vivek Shankar | ) www.nytimes.com time to read: +6 min

“We were very close, but Netanyahu’s narrow-mindedness aborted an agreement,” Mousa Abu Marzouk, a senior Hamas official, said in a phone interview. The Israeli official said that Israel had sought a written response to its latest proposal from Hamas before dispatching a delegation, but that the group never conveyed one. Mr. Abu Marzouk was the only one of the officials who spoke about the talks to allow the use of his name. Hamas, Mr. Abu Marzouk said, thought that Mr. Netanyahu wanted an agreement that would permit Israel to invade Rafah after its hostages are released. A report in Al-Qahera News, an Egyptian state-owned television channel, said that a Hamas delegation would return to Cairo on Tuesday, but the senior Hamas official said that the group hadn’t made a decision yet.

Persons: Israel, Benjamin Netanyahu, Netanyahu, Mousa Abu Marzouk, Biden, won’t, ”, Abu Marzouk, Mr, Bill Burns, Mohammed bin Abdulrahman, Peter Baker, Michael Crowley Organizations: Hamas, Sunday, Central Intelligence Agency, Qatari, Qahera Locations: Gaza, Israel, Cairo, Rafah, Kerem, United States, Mohammed bin Abdulrahman Al Thani, Doha, Al

☆ Hamas Claims Rocket Attack That Closes Key Crossing Between Israel and Gaza
▼ + stars: | 2024-05-05 | by ( Liam Stack | More About Liam Stack | ) www.nytimes.com time to read: 1 min

Hamas said on Sunday that its armed wing had fired rockets at Israeli forces near the Kerem Shalom border crossing between Gaza and Israel. The Israeli military said about 10 rockets had been fired from an area near the Rafah crossing between Gaza and Egypt toward Kerem Shalom. Kerem Shalom is one of the few crossings through which humanitarian aid is able to enter the Gaza Strip. After the attack on Sunday, the army said it was closed to the passage of aid trucks. Israel’s Foreign Ministry condemned the attack and said it showed that Hamas was not interested in having aid enter the territory, parts of which a United Nations official says are experiencing “a full-blown famine.”

Persons: Kan, Kerem Shalom, ” Organizations: Israel’s Foreign Ministry, United Nations Locations: Kerem, Gaza, Israel, Egypt, Kerem Shalom

☆ The UK could need an Israeli-style Iron Dome air defense system, says former US national security advisor
▼ + stars: | 2024-05-05 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +5 min

Read previewFormer US National Security Advisor General HR McMaster has said the UK must prepare for possible future conflicts by building an Israeli-style Iron Dome air defense system. Indeed, the UK is considering developing its own Iron Dome air defense system amid growing tensions with Russia and its allies. The Israeli modelMissiles launched from the Iron Dome defense system attempt to intercept a rocket fired from Gaza strip. Related storiesIsrael's short-range Iron Dome is a mobile all-weather air defense system that has been in service since 2011. Aside from internal discussions on an Iron Dome, the UK is in talks to join Europe's aerial defense system.

Persons: —, McMaster, Adm, Sir Tony Radakin, Michael Clarke, Clarke, MAHMUD HAMS, Rishi Sunak, Israel, Aleksey Zhuravlyov, Putin, Vladimir Solovyov, I've, T6GN35UGtG — Anton Gerashchenko Organizations: Service, US National Security, McMaster, LBC, Business, Britain's Armed Forces, Iron, Getty, UK, Newsweek, Design, Sky, UK Ministry of Defense, NATO Locations: United Kingdom, United States, Israel, Russia, Europe, China, Iran, North Korea, Gaza, AFP, London, Ukraine, British, Russian, Baltic

CNN —Israel’s Prime Minister Benjamin Netanyahu has said he “cannot accept” Hamas’ demands to end the war in Gaza as the two sides traded blame amid fresh ceasefire talks that showed little sign of a breakthrough. But the latest comments from Israel and Hamas show how far apart the two remain. He said Hamas’s demand that Israel withdraw from Gaza was out of the question. Most recently, US Secretary of State Antony Blinken held another round of high-stakes talks in Israel on Wednesday. Following the rocket barrage, Israel’s Coordinator of Government Activities in the Territories (COGAT) blamed Hamas aid not reaching the besieged strip.

Persons: CNN —, Benjamin Netanyahu, “, Ismail Haniyeh, Israel, Vahid, Haniyeh, ” Netanyahu, ”, Antony Blinken, Yoav Gallant, ” Galant, ” Gallant, COGAT Organizations: CNN, CNN — Israel’s, Sunday, US, Israeli, ”, Defense Ministry, IDF, Israel Defense Forces, Brigades Locations: Gaza, Cairo, Israel, Egypt, ”, The State, “ Israel, Rafah, Gazan, Kerem Shalom, Territories

☆ ‘China’s Cape Canaveral’ is booming, fueled by moon mission and space program
▼ + stars: | 2024-05-04 | by ( Lilit Marcus | Marc Stewart | ) edition.cnn.com time to read: +3 min

The city of Wenchang is home to a rocket launch center – and a tourist industry that caters to a growing interest in space-related tourism. China has made no secret of its desire to develop tourism here, drawing inspiration from Florida’s Cape Canaveral – the launchpad for many famous NASA space missions. From celestial scenes in the corridors to a rocket on the breakfast buffet, the sprawling property is inspired by the nearby Wenchang Launch Center. The growth of China’s space program has fueled more interest in all things aeronautic. “Although it’s my 24th time, maybe, to see the rocket launch, I’m still excited about this,” he told CNN.

Persons: Hilton, Justin Robertson, That’s, Yan Zehua, I’m, ”, Liu Guoxing Organizations: CNN, NASA, Hilton, Getty Locations: Hainan, Hanoi, Beijing, Hawaii, China, Wenchang, Florida’s Cape Canaveral, Hainan’s, United States, Canada, France, New Zealand, Malaysia, Japan

☆ China has a lot more missiles — with US warships and bases in its sights
▼ + stars: | 2024-05-04 | by ( Chris Panella | ) www.businessinsider.com time to read: +18 min

American warships and bases in the Pacific are within reach of an increasingly worrying threat, a missile force unlike anything the US has faced in combat. With these missiles, China is signaling that it could attack US bases and ships in the region with little to no warning, Clark said. TK Department of DefenseThere's a lot more to the Chinese Rocket Force than these weapons, though. AdvertisementThat said, the US and its allies can't afford to assume the Rocket Force won't be ready should conflict come. In other words, how the US prepares itself and adapts to the Chinese Rocket Force gives it the best shot at avoiding a fight altogether.

Persons: China's, Andersen, Thomas Shugart, Bryan Clark, John Aquilino, Kevin Frayer, Harry Harris, Harris, Clark, Shugart, Gerald R, Kendall Warner, Byrd, US Defense Department Harris, Robert Peters, Peters, Ronald Reagan, Andrea Rosembert, Cpl, Ryan Little, Charles Flynn, I'm, Flynn, it's, Andy Wong Organizations: Business, Army Rocket Force, Pentagon, China's Rocket Force, Department of Defense TK Department of Defense, Center, New, New American Security, US Navy, PLA, Hudson Institute, Pacific Command, People's Liberation Army Rocket Force, Eastern Theater Command, People's Liberation Army PLA, Getty, Rocket Force, Liberation, TK Department of Defense, Chinese Rocket Force, US Defense Department, Ford, Virginian, Tribune, Service, Japan, Self, Defense Force, Misawa Air Base, Pacific, US, Defense, Aegis Ballistic Missile Defense, Army, Heritage Foundation, Aegis, Guam, Area, Ronald, Ronald Reagan Ballistic Missile Defense, Department of Defense, US Air Force, Marine Corps, Andersen Air Force Base, Marine, Combat, US Army Pacific, Stealth, Force, Military Locations: Beijing, China, American, Guam, South, Washington, Japan, New American, People's Republic of China, South Korea, Taiwan, South China, AFP, U.S, Marshall, Pearl, Pacific, PLARF, Tiananmen

☆ Developing Taiwan’s own ‘Starlink’ crucial for island-wide emergency, space agency says
▼ + stars: | 2024-05-04 | by ( Eric Cheung | ) edition.cnn.com time to read: +9 min

“The communication satellite is very important for our communication resilience during urgent periods,” Wu said, calling it his agency’s most sensitive project. Taiwanese authorities previously announced the space agency would develop two communication satellites, the first of which could be launched by 2026. Wu Jong-shinn, director general of the Taiwan Space Agency, speaks to CNN on March 5, 2024 in Hsinchu, Taiwan. In the future, Taiwan’s satellite system could replace third-party deals, but Wu, the space agency director, declined to provide more specific details about the project’s timeline. A rocket model in development at the Taiwan Space Agency on March 5, 2024 in Hsinchu, Taiwan.

Persons: Taiwan CNN —, Wu Jong, shinn, Elon, Wu, ” Wu, ” Starlink, Heidi Levine, John Mees, CNN Brad Tucker, you’re, ”, Su, yun, OneWeb, Sam Yeh, Lai Ching, Tsai Ing, Taiwan’s, “, CNN’s Will Ripley Organizations: Taiwan CNN, Taiwan Space Agency, CNN, Musk’s SpaceX, SpaceX, Ukrainian, The Washington Post, Communist Party, Institute for National Defense and Security Research, Australian National University, Taiwan’s Institute for National Defense and Security Research, Getty, Taiwan Semiconductor Manufacturing Company, Apple, Nvidia, Triton Locations: Hsinchu, Taiwan, China, Gaza, Beijing, London, Xiamen, Taiwan's, AFP, Guiana, South America

☆ Richard Branson shares the simple mindset that's key to his success: 'I don't ever think of myself as a businessperson'
▼ + stars: | 2024-05-03 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

Richard Branson doesn't think of himself as a businessman — and he believes that helped him build Virgin Group into what it is today. "I don't ever think of myself as a businessperson, or even really an entrepreneur," Branson tells CNBC Make It. "I just see myself as somebody that loves to create things that I can be proud of." "There's many things that we've done that we wouldn't have done if we'd listened to accountants," says Branson. Perhaps ironically, the strategy has proved lucrative for Branson, whose current net worth is estimated at $2.5 billion, according to Forbes.

Persons: Richard Branson doesn't, —, Branson, we'd Organizations: Virgin Group, CNBC, Virgin Atlantic, Virgin Galactic, Branson, Forbes Locations: Branson

☆ Opinion: Unable to ‘win’ in Gaza, Israel sets its sights elsewhere
▼ + stars: | 2024-05-02 | by ( Opinion Hussein Ibish | ) edition.cnn.com time to read: +10 min

CNN —An eerie relative calm has descended on the Middle East — Gaza obviously excluded — since a highly alarming exchange of missile, rocket and drone attacks by Israel and Iran in recent weeks. Now, the recent exchange of direct military attacks with Iran might have sealed Lebanon’s fate, unless team Biden can restrain Israel. On April 1, Israel struck an Iranian diplomatic facility in Damascus, killing a number of senior Iranian officials including Brig. As Israel’s forces moved south through Gaza, obliterating Hamas brigades with relative ease, its thinking relatively quickly turned north again. If this happens, a primary US goal regarding the Gaza war — conflict containment — would be shattered not by Washington’s adversaries, but ironically by its closest regional partner.

Persons: Hussein Ibish, Read, Biden, Israel, Mohammad Reza Zahedi, Haji Rahimi, Hossein Amirollah, Louai Beshara, Benjamin Netanyahu, Yoav Gallant, Charbel Mallo, Israel —, Joe Biden Organizations: Gulf States Institute, Israel, CNN, Biden, Hezbollah, Brig, Iran’s, Quds Force, Getty, Iranian, Israeli Locations: Washington, East, Gaza, Israel, Iran, Lebanon, Iranian, Damascus, Brig, Syria, AFP, Tehran, United States, Kafr Kila, Lebanese

☆ New photos show the US Army's latest version of the Bradley fighting vehicle that's proven itself in Ukraine
▼ + stars: | 2024-05-01 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewThe US Army has released photos of the newest and most advanced version of its Bradley infantry fighting vehicle, combat-proven armor that Ukraine has been using against Russia. AdvertisementThe new M2A4E1 Bradley infantry fighting vehicle. "The Army received funding to procure the M2A4E1 for every Bradley donated to Ukraine," the PEOGCS said this week. AdvertisementA M2 Bradley Infantry Fighting Vehicle drives during a live fire exercise at Fort Cavazos, Texas. The Bradley, initially built as a response to Soviet infantry fighting vehicles, entered service in the 1980s and was deployed to the Gulf War the following decade before being sent to Iraq in the 2000s.

Persons: —, Bradley, Bradley IFV, Elbit, Glenn Dean, It's, Washington, David Dumas, The Bradley Organizations: Service, US Army, Bradley, Russia, Army's, Business, Environmental Control Unit, Army, Israel's Elbit Systems, Breaking Defense, Abrams, Bradley Infantry Fighting, Spc, Army Ukrainian, US Locations: Ukraine, Maine, Maj, Kyiv, Fort Cavazos , Texas, The, Iraq

☆ Bitcoin is heading to its worst month since 2022 and could be in for more chop in May
▼ + stars: | 2024-04-30 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Bitcoin's seven-month rally is on pause heading into May, now that two key catalysts investors had been closely watching this year – the bitcoin ETFs and the halving – are now behind them. The flagship cryptocurrency has fallen nearly 14% in April, according to Coin Metrics, and is on pace to post its first negative month in eight, and its worst month since November 2022, when FTX collapsed. However, it's proved to be a winning month in the previous halving years of 2012, 2016 and 2020. On Tuesday, Hong Kong bitcoin ETFs began trading. "Whether it's the next month or two months, you'll start to see more wealth management firms approve the ETF on their platforms.

Persons: FTX, It's, bitcoin, Antoni Trenchev, Trenchev, it's, Lyn Alden, Swan, Jerome Powell, there's, Alden, Devin Ryan, you'll Organizations: Metrics, Lyn, Lyn Alden Investment, Federal Reserve, JMP Securities Locations: bitcoin, U.S, Hong Kong, Australia, Japan, Singapore, South Korea

☆ India is drawing lessons from Ukraine to counter China's military might
▼ + stars: | 2024-04-29 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

India is trying to modernize its military of 1.5 million people with lessons from Ukraine. AdvertisementAs India boosts defense spending amid tensions with China and Pakistan, it is closely studying the Ukraine conflict for clues to the future of warfare and how to thwart its neighbors. Some lessons that Indian experts have already drawn: India needs lots of artillery, drones and cyberwarfare capabilities. Drones have become the stars and workhorses of the air war, with both sides deploying — and losing — drones in the hundreds of thousands. AdvertisementThere are lessons here for Indian airpower, according to Arjun Subramaniam, a retired Indian Air Force air vice marshal who helped write the ORF report.

Persons: —, Amrita Jash, Wolfgang Schwan, Arjun Subramaniam, Subramaniam, Cyberwarfare, Shimona Mohan, Mohan, Michael Peck Organizations: NATO, Service, Artillery, Indian Army, Manipal Academy of Higher Education, Observer Research Foundation, Getty, Russian, Indian Air Force, Air Force, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: India, Ukraine, Russia, China, Pakistan, Eastern, Western, Indian, Siversk, Donetsk Oblast, Anadolu, cyberwarfare, Forbes

☆ The red flags that will tell us when China's actually ready to invade Taiwan
▼ + stars: | 2024-04-27 | by ( Chris Panella | ) www.businessinsider.com time to read: +12 min

"I don't think they lack for anything that they need," Lyle Goldstein, director of Asia engagement at Defense Priorities, said of China's forces. Military forces are being deployed nearer to Taiwan than ever, effectively shortening Taiwan's reaction time. Stockpiling of China's rocket force, too, suggests it would have more than enough missiles and rockets to target Taiwan. One common concern is that as China's military exercises around Taiwan have grown in frequency and size, the line between exercise and potential attack is becoming blurred. Xie Huanchi/Xinhua via Getty ImagesExperts, as well as US and Taiwan lawmakers and military officials, have long debated about the readiness of the People's Liberation Army as China's military is known.

Persons: —, Lyle Goldstein, Stringer China, Xi, Thomas Shugart, who's, Shugart, Goldstein, Mike Studeman, Xi Jinping, Dean Cheng, haven't, Cheng, Xie Huanchi, There's, Kyle Amonson, Dane Egli, Annabelle Chih, Getty Images Goldstein, Joe Biden Organizations: Service, Business, Defense, REUTERS, Taiwan's, Taiwan's Ministry of Defense, US Department of Defense, China Economic, Security, PLA, Patriot, US, Center, New, New American Security, Marine Corps, China Coast Guard, Scarborough, ROSA, Military, of Naval Intelligence, Pacific Command, US Institute of Peace, of, People, Getty Images, People's Liberation Army, CCP, Soviet, Center for Strategic, International Studies, Japan, US Coast Guard, Chinese Communist Party, Democratic Progressive Party, Kyodo, Stills Locations: China, Taiwan, Asia, Liaoning, Beijing, New American, AFP, Hong Kong, Xinhua, DoD's China, Cuba, US, Tainan, Japan, Philippines

☆ Take a look at the superyacht the Jefferies CEO just bought from the Houston Rockets' billionaire owner
▼ + stars: | 2024-04-27 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

Jefferies CEO Rich Handler sold $65 million of stock — some of which he used to buy a superyacht. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . According to the yacht's shipyard, Westport Yachts, the off-market deal was pending as of last month. I just love it," Fertitta told a local ABC affiliate in 2017, referring to Boardwalk's $40 million price tag.

Persons: Rich Handler, Tilman Fertitta, —, Handler, van, Fertitta, I've, Forbes, Michael Organizations: Jefferies, Boardwalk, Service, Houston Rockets, Westport Yachts, ABC, Yachts International, Feadship —, Boat Locations: Westport, Fort Lauderdale , Florida, St

☆ Kim Jong Un tested a new rocket that could hit Seoul — and may aid Russia against Ukraine
▼ + stars: | 2024-04-26 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

Kim Jong Un oversaw tests for a rocket capable of hitting Seoul in South Korea, Bloomberg reported. Russia and North Korea have previously denied reports of an arms deal between the two nations. North Korean leader Kim Jong Un and Russian President Vladimir Putin in Vladivostok on April 25, 2019. Russia and North Korea have previously denied an arms deal exists between the two countries. Business Insider reported in October that North Korea was on track to become "one of Russia's most significant foreign arms suppliers."

Persons: Kim Jong Un, —, Yang, Vladimir Putin, Alexander Zemlianichenko, Simon Miles, Miles, Kelly Grieco, it's Organizations: Bloomberg, Service, Ukraine, Korean People's Army, Korean Central News Agency, Asan Institute, Policy Studies, NK News, North Korean, Duke University's Sanford School of Public, Kremlin, Soviet Union, AP News, Business, pushback, US, Stimson Center Locations: Seoul, South Korea, Russia, Ukraine, North Korea, Korea, Russian, Vladivostok, Soviet

☆ Jefferies CEO sold $65 million in stock to buy a yacht from a client
▼ + stars: | 2024-04-25 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +2 min

Jefferies CEO Rich Handler sold $65 million in company stock to buy a luxury yacht. AdvertisementJefferies CEO Rich Handler sold $65 million of his stock in the company to buy himself a gift — a luxury yacht. Handler sold 1.5 million shares, or 7% of his holdings, to purchase a "personal boat and to pay tax obligations," the investment bank said in a Wednesday statement. He has previously sold shares only for tax purposes and charity, the bank said. Investors often view executives' stock sales as a signal about lack of company confidence, so any sales are carefully messaged.

Persons: Rich Handler, Jefferies, Tilman Fertitta, Handler, — Organizations: Jefferies, Service, Financial Times, Houston Rockets, NBA, Lancadia Holdings Locations: Westport

Instead, the Israel Defense Forces will partner with the US military to anchor the causeway to the shore in Gaza “on day one,” the military official said. Dire humanitarian situationThe pier’s construction comes as the humanitarian situation in Gaza has become dire, a senior administration official said Thursday. The official confirmed that USAID will be working with the UN to distribute the aid once it reaches Gaza. Two command and control cells have been set up to facilitate the delivery of the aid via the pier, the military official said. The US role in the effort has been complex, with the military carrying out a high-stakes construction mission in a warzone and diplomats helping to organize a dangerous and highly politicized aid distribution operation.

Persons: ”, Patrick Ryder, Joe Biden, Biden, “ Organizations: CNN, Pentagon, USNS, Israel Defense Forces, US Army, IDF, US Navy, USAID, UN, United Locations: United States, Gaza, ”, Cyprus, Cypriot, Israel, Hatzor, Ashdod, American, Cardigan

☆ 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

Israel welcomed a U.S. aid package signed by President Biden on Wednesday that will send about $15 billion in military aid to Israel, increasing American support for its closest Middle East ally despite strains in their relationship over Israel’s prosecution of the war in the Gaza Strip. “Our alliance is ironclad,” Israel Katz, the country’s foreign minister, said in a statement thanking Mr. Biden for signing the legislation. It was part of a long-stalled $95.3 billion in aid that had faced vehement opposition from some Republicans over its support for Ukraine, which is also part of the legislation, as is Taiwan. The aid for Israel includes more than $5 billion to replenish three of the country’s defense systems: Iron Dome, which intercepts rockets that fly in high arcs; David’s Sling, which shoots down drones, missiles and rockets; and Iron Beam, which was designed to use laser beams to destroy incoming projectiles. It also includes $1 billion to enhance the production and development of artillery and munitions and $2.4 billion for American military operations in the U.S. Central Command region, which includes the Middle East as well as parts of South Asia and East Africa.

Persons: Israel, Biden, ” Israel Katz, Mr Organizations: Ukraine, U.S . Central Command Locations: Israel, East, Gaza, Taiwan, South Asia, East Africa

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