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NASA chief Bill Nelson accused China on Wednesday of secretly working on military projects in space. Nelson told lawmakers that NASA believes Beijing is masking these projects as civilian efforts. "We believe that a lot of their, so-called civilian space programs is a military program," Nelson continued. Related storiesThe NASA chief alluded to the Spratly Islands, an archipelago in the South China Sea claimed by several nations. Meanwhile, China has repeatedly denied that it intends to establish any military presence in outer space.
Persons: Bill Nelson, Nelson, , Artemis Organizations: NASA, China, Service, National Aeronautics and Space Administration, South China, Artemis Accords, Alxa League, Inner, Getty, UN, Embassy, Business Locations: Beijing, China, Spratly Islands, South, Russia, Alxa, Inner Mongolia Autonomous Region, Washington , DC
(Reuters) - The Biden administration is seeking to reduce the use of U.S.-made guns in foreign crimes and human rights violations by tightening oversight and rules governing commercial exports of semiautomatic weapons, Bloomberg reported on Wednesday.This follows a review by the U.S. Commerce Department of its support for American gunmakers after a Bloomberg investigation linked increasing civilian gun exports to higher rates of global gun crime, according to the report, which cited draft rules obtained by Bloomberg. Commerce Department officials described the proposed changes to advocacy groups and others last week, telling them that the U.S. State Department would have more influence over vetting exports to countries with poor human-rights records, the Bloomberg report said, citing people who were briefed. Under the draft rules, officials would create distinct trade categories for semiautomatic firearms - including pistols, rifles and shotguns, making it easier for federal regulators to scrutinize exports of those weapons, Bloomberg said. In October last year, the Commerce Department stopped issuing export licenses for most civilian firearms and ammunition for 90 days to assess the "risk of firearms being diverted to entities or activities that promote regional instability, violate human rights, or fuel criminal activities." (Reporting by Devika Nair in Bengaluru; editing by Mark Heinrich)
Persons: Biden, Devika Nair, Mark Heinrich Organizations: Reuters, Bloomberg, U.S . Commerce Department, Bloomberg . Commerce Department, U.S . State Department, Commerce Department Locations: U.S, Bengaluru
Former U.S. President Donald Trump attends a Manhattan courthouse trial in a civil fraud case in New York, U.S., October 18, 2023. The case in Washington federal court is one of four criminal prosecutions facing Trump as he seeks to challenge Democratic President Joe Biden in the 2024 election. Trump continues to argue that his 2020 loss to Biden was the result of widespread fraud, a false claim that was rejected by multiple courts, state reviews and members of Trump's own administration. Trump is scheduled to stand trial beginning in March on charges that he interfered in the counting of votes and sought to block Congress’ certification of the 2020 election. Prosecutors have accused Trump of spreading “destabilizing lies” about widespread voter fraud to sow distrust in the election.
Persons: Donald Trump, Michael M Santiago, Jack Smith's, Trump, Barack Obama, Mitt Romney, Hillary Clinton, Joe Biden, Biden, Andrew Goudsward, Scott Malone, Nick Zieminski Organizations: U.S, Rights, Republican, Democratic, Trump, Prosecutors, Thomson Locations: Manhattan, New York, U.S, Washington
It comes as the US aims to break China's stranglehold over the global electric battery supply chain. Key US automakers like Tesla and Ford are still using Chinese technology in their electric cars. AdvertisementChina is well and truly winning the EV race — and now the White House has unveiled new rules to try and keep Chinese companies out of the US electric car market. The new restrictions could be a headache for US auto manufacturers, which have traditionally relied on China for their battery technology . The American EV market, meanwhile, has stuttered in recent months , with legacy automakers slashing investment and cutting back targets.
Persons: , Morgan Stanley, Elon Musk's Tesla Organizations: Ford, Service, White, American EV Locations: China, Russia, Iran, North Korea, Michigan
[1/2] Finnish Border Guards escort migrants arriving at the Raja-Jooseppi international border crossing station in Inari, Finland, November 25, 2023. Some 900 asylum seekers from nations including Afghanistan, Kenya, Morocco, Pakistan, Somalia, Syria and Yemen have entered Finland from Russia in November, an increase from less than one per day previously, according to the Finnish Border Guard. Finland blames a change in Russian border protocol for the increase and calls this a hybrid attack. Finland infuriated Russia when it joined NATO in April, ending decades of military non-alignment, due to the war in Ukraine. If this continues, more measures will be announced in the near future," Prime Minister Petteri Orpo told a press conference.
Persons: Korhonen, Petteri Orpo, Ulf Kristersson, Orpo, Jens Stoltenberg, " Stoltenberg, Anne Kauranen, Anna Ringstrom, Andrew Gray, Louise Rasmussen, Terje Solsvik, Alison Williams Organizations: Finnish Border Guards, REUTERS Acquire, Rights, Finnish Border Guard, Kremlin, NATO, Border Guard, Swedish, Frontex, Monday, European Union, Thomson Locations: Inari, Finland, Russia, Moscow, Afghanistan, Kenya, Morocco, Pakistan, Somalia, Syria, Yemen, United States, Ukraine, Sweden, EU, Brussels, Finland's, NATO, East, Africa, Belarus, Poland, Minsk, Helsinki, Stockholm
WASHINGTON (Reuters) - The U.S. will fund nine projects with $169 million from last year's climate bill to speed manufacturing of heat pumps, systems that can heat and cool homes and businesses more efficiently, the Energy Department said on Friday. Heating and cooling homes and buildings, including critical infrastructure like military bases, drive more than 35% of U.S. energy consumption, according to her department. Compared to boilers fueled by natural gas, heat pumps reduce greenhouse gas emissions by up to 50%, it says. The funding will go to manufacturers including Armstrong International in Michigan, Honeywell International in Louisiana, and Ice Air, LLC in South Carolina. The Energy Department said it expects to unveil another round of DPA investments in early 2024.
Persons: Joe Biden, Jennifer Granholm, Timothy Gardner Organizations: WASHINGTON, Energy Department, Armstrong International, Honeywell International, Ice Air, LLC, The Energy Department Locations: U.S, Michigan, Louisiana, South Carolina
Ukraine has been bolstering its air defense capabilities in recent months, and it shot down five Russian Su-25 attack jets over a 10 day period, The Kyiv Post reported. Canada also announced it was donating 43 AIM-9 Sidewinder missiles to Ukraine in May. AdvertisementAdvertisementUkraine sought assistance from the US to replenish its air defense arsenal, and AIM-9s were on the list. Meanwhile, the UK has also supplied advanced AIM-132 ASRAAM air-to-air missiles, which Ukraine has fitted to trucks. —🇺🇦 Ukraine Weapons Tracker (@UAWeapons) August 4, 2023Adding to its mix-and-match armory, Ukraine's recently acquired ATACMS has boosted its capability to attack the Russian air force.
Persons: , we've, Oleksandr Shtupun, Defense Lloyd Austin Organizations: Service, Kyiv Post, US AIM, AIM, US Air Force, Ukrainian, Stingers, Defense Locations: Ukrainian, Ukraine, Russian, Kyiv, Canada
Toys R Us is plotting a bold comeback in the U.S., as it plans to expand its brick-and-mortar presence with as many as 24 new flagship stores and a separate rollout at airports and on cruise ships starting this holiday season. Toys R Us aims to start opening the up to two dozen flagship stores as early as next year in partnership with Go! Toys R Us filed for bankruptcy in 2017, though it could not come out of it on its own, pushing it into liquidation. In summer 2021, WHP announced a rollout of more than 400 new Toys R Us stores at Macy's locations across the country. WHP told CNBC the new flagship stores will be modeled after the American Dream location with "immersive" shopping experiences.
Persons: WHP, Yehuda Shmidman, Shmidman Organizations: WHP Global, Go, Retail, Dallas, Fort Worth International, Tru, CNBC, Duty Locations: U.S, New Jersey, Dallas
The US is ramping up its artillery production to continue aiding Ukraine and resupply its stockpile. A Pentagon official said the US aims to be producing 100,000 155mm artillery shells by 2025. "But every country struggles with munitions production as war goes on beyond a few months." Western officials, meanwhile, believe Russia is on track to manufacture two million artillery shells a year, the Times reported this week. A Ukrainian soldier carries 155mm shells for M777 artillery at a artillery position in the Donetsk Oblast on August 6, 2023.
Persons: Ukraine's, Mark Cancian, Bill LaPlante, that's, LaPlante, Diego Herrera Carcedo, Technology Douglas Bush, Bush, Cancian, Washington, Biden, sooth, Matt Rourke Organizations: Pentagon, Service, Russia, Artillery, Estonian, New York Times, US Marine Corps, Center for Strategic, Studies, Center, New, New American Security, Anadolu Agency, Getty, US Army, Army, Acquisition, Logistics, Technology, Ukraine, Times, White, Scranton Army, AP Locations: Ukraine, Russia, Wall, Silicon, Washington, Europe, New American, Donetsk Oblast, Kyiv, Ukrainian, Scranton, Pa
Mesquite, Texas, is set to open a plant to help fill the shortage of Ukraine's most important ammo. However, Mesquite's congressional representative, Lance Gooden, is among GOP reps who want to end US support for Ukraine in its war against Russia. Insider reported Ukraine may be firing more than 5,500 artillery shells daily, creating a global shortage. "What we need most is artillery shells, which are in short supply," Biden told the media. "The first thing on the list was, everywhere, the ammunition," Estonian Prime Minister Kaja Kallas told the media after a meeting with EU leaders and Ukraine President Volodymyr Zelenskyy.
Persons: Lance Gooden, Kevin McCarthy, Gooden, Alexander Helgar, Joe Biden, Biden, Kaja Kallas, Volodymyr Zelenskyy Organizations: GOP, US, Service, The New York Times, Dynamics, Times, Ukraine, Russia, Mesquite Chamber of Commerce, EU Locations: Mesquite , Texas, Ukraine, Wall, Silicon, Dallas, Russia, Mesquite, of Texas, Estonian
If you take all my rules literally, you're going to be running around in circles while tearing your own hair out," Cramer said. One of the first things investors can do to develop good judgment is making sure they know themselves and their objectives, he said. First, though, you need to consider what you're trying to get out of the market, you need to know yourself," Cramer said. "The answer to that question is not going to be the same for everyone, but everything else stems from it. You can't make judgments about stocks until you know what characteristics you actually are seeking and you value."
Persons: CNBC's Jim Cramer, Cramer, There's
Country Garden, a massive Chinese property developer, missed interest payments on two dollar bonds this week. However, it's the scale of Country Garden's projects that is a big warning signal for the Chinese real estate sector and the wider economy. Evergrande faced a liquidity crisis in 2020, prodding it to try to halve its around $100 billion debt by mid-2023. These efforts were scuppered by a slowdown in China's property sector and regulators' efforts to put brakes on property developers borrowing excessively. However, putting the brakes on borrowing started sending the property sector into a crisis.
Persons: Kristy Hung, Yang Guoqiang, Yang Huiyan, Yang, Moody's, Sandra Chow, Evergrande, Huileng Tan Organizations: Service, Bloomberg Intelligence, Hong Kong Stock Exchange, CNN, China Index Academy, Reuters, Pacific Research, New York Times, Caixa Bank Locations: Beijing, Wall, Silicon, China, Evergrande, Foshan, Asia, Pacific, CreditSights
[1/6] U.S. Secretary of State Antony Blinken looks on, as he attends a joint press conference with Saudi Foreign Minister Faisal Bin Farhan, at the Intercontinental Hotel in Riyadh, Saudi Arabia, June 8, 2023. "And we’re also collaborating with countries in the region to widen and deepen the normalisation of relations with Israel." Saudi Arabia went the other way in April in restoring ties with Iran, its key regional rival and Israel's arch-enemy, in a Chinese-brokered deal. Other rows have simmered over the Saudi intervention in Yemen's devastating conflict, China ties and oil prices. Saudi Arabia and other OPEC states say the organisation is not politicised and only seeks to stabilise energy markets.
Persons: Antony Blinken, Faisal Bin Farhan, Ahmed Yosri, Jake Sullivan, Crown Prince Mohammed Bin Salman, Karim Benzema, Blinken, we’re, Aziz Alghashian, Joe Biden's, Alghashian, Biden, Jamal Khashoggi, Blinken's, Prince Faisal bin Farhan, Vladimir Putin, Aziz El Yaakoubi, Humeyra Pamuk, Maha El, Mark Heinrich Our Organizations: Saudi Foreign, Intercontinental, REUTERS, U.S, Saudi, White House, Crown, Gulf Cooperation Council, Al, Blinken, MbS, GCC, United Arab, Thomson Locations: Riyadh, Saudi Arabia, Saudi, Israel RIYADH, U.S, Iran, Washington's, Al, French, Jeddah, Al Ittihad, Yemen, Sudan, Israel, East, United Arab Emirates, Bahrain, Gulf, Israeli, Russia, China, Istanbul, OPEC, Ukraine
WASHINGTON, March 29 (Reuters) - The United States is working hard to counter China's influence in international institutions and in lending to developing countries, U.S. Treasury Secretary Janet Yellen said on Wednesday. Yellen said she was concerned by some of China's activities globally, particularly in lending to developing countries. China has lent hundreds of billions of dollars to build infrastructure in developing countries, but lending has tailed off since 2016 as many projects have failed to pay the expected financial dividends. China is negotiating debt restructurings with countries including Zambia, Ghana and Sri Lanka and has been criticised for holding up the processes. In response, it has called on the World Bank and International Monetary Fund to also offer debt relief.
Healthcare group Fresenius (FREG.DE) said late on Tuesday it would give up strategic control over FMC via a planned change of the division's legal form, also releasing annual results and an outlook that failed to impress investors. Fresenius CEO Michael Sen, a former E.ON (EONGn.DE) and Siemens (SIEGn.DE) executive who took over the helm in October, wants to simplify the company's structure but said he will hang onto the 32% stake Fresenius owns in FMC. This makes a sale more likely in the future, said Florian Oberhofer, portfolio manager at Union Investment, which holds 0.26% of Fresenius shares. Sen said Fresenius was banking on a business improvement at FMC and Vamed and on participating financially in this through its holdings in both. FMC and Fresenius shares lagReporting by Ludwig Burger and Patricia Weiss; Additional reporting by Christoph Steitz; Writing by Rachel More; Editing by Josephine Mason, Elaine Hardcastle and Alexander SmithOur Standards: The Thomson Reuters Trust Principles.
About 1 in 5 Americans live in areas with policies for decarbonizing buildings, an analysis found. As of this year, one in five Americans — some 72.5 million people — live in areas covered by those policies. But last year, for the first time, US shipments of electric heat pumps consistently outpaced gas furnaces, the coalition's analysis found. Heat pumps both warm and cool a home or building by circulating heat from indoors to outdoors and back again. The state has already surpassed a goal set in 2019 to install 100,000 heat pumps in homes and businesses.
LONDON— BP PLC became the latest oil giant to post a record annual profit last year, joining peers on both sides of the Atlantic in capitalizing on soaring energy prices. BP also said it would cut oil-and-gas production at a slower rate than it previously targeted. In a significant pullback from the company’s previous target under Chief Executive Bernard Looney , BP said Tuesday it now aims to reduce fossil-fuel production by 2030 by around 25% from 2019 levels. That compares with its previous aim to cut that output by 40% during the same period.
In 2022, Rheinmetall made some 60,000 to 70,000 rounds each of tank and artillery shells, according to Papperger, who said production could be boosted immediately. A few days before the meeting with the new defence minister, Papperger pushed for an increase of Germany's defence budget. "The 51 billion euros in the defence budget will not suffice to purchase everything that is needed. Even before Russia's invasion of Ukraine, Germany was 20 billion euros short of reaching NATO's target for ammunitions stockpiling, according to a defence source. To plug the munitions gap alone, Papperger estimates the Bundeswehr (German armed forces) would need to invest three to four billion euros per year.
The US is aiming to increase production of a key artillery shell used by Ukraine. The hope is to manufacture 90,000 rounds of 155mm ammunition by 2025. Under the latest proposal, the US aims to within two years produce up to 90,000 rounds 155mm of ammunition every month, The Times reported, citing a US Army report. As of January 18, the US had already committed to providing Ukraine with at least 160 M777 Howitzers and just under 1.1 million of the 155mm artillery rounds they use. Currently, the US produces just over 14,000 rounds of 155mm ammunition every month.
COVINGTON, Ky. — A key part of the White House plan to combat the new House GOP majority was on vivid display Wednesday: President Joe Biden talked about bridges and bipartisanship, while Republicans bickered among themselves. They plan to show him addressing real-world problems that are Americans' top concern while painting congressional Republicans as being focused on raw politics. They are refining plans to pressure House Republicans in swing districts to stop any impeachment votes in committee — before the issue reaches the House floor. The general view inside the White House is that there is little of substance to worry about. There, Barack Obama challenged McConnell and congressional Republicans to “help us rebuild this bridge!” and put unemployed construction workers to work.
AOL Instant Messenger, or AIM, is dead — but the away message lives on, thanks to a recent Instagram update. Within hours of the platform unveiling the new features, social media users noticed Instagram notes' similarity to the away messages of the early 2000s. "Was not expecting instagram to reinvent AIM away messages tbh," writer Ella Cerón tweeted. Sports reporter Maddy Hudak wrote: "I’m sorry did Instagram give us AIM away messages lmao." Others pondered the ramifications of the AIM away message on those who grew up with it.
Karolyn Grimes and James Stewart in "It's A Wonderful Life." Fathom has long wanted to revive showings of “It’s A Wonderful Life,” Carey said, noting that fans have been asking for it. No film is a failure if it has fansWhat’s long delighted film historians is the fact that when “It’s a Wonderful Life” debuted, it was largely deemed a wash. As film historian Jeanine Basinger writes in her compendium, “The It’s A Wonderful Life Book,” the original idea for the film languished for years before the studio RKO sold it to Capra in 1945 for a mere $10,000. William Edmunds and James Stewart in 1946's "It's A Wonderful Life."
Whether it happens, he said, is highly dependent on Republicans' success winning state legislatures during the 2022 midterm elections. But not everyone in the conservative constitutional convention movement believes such a gathering is so imminent. Constitutional convention boosters include many of Trump's current and former allies, including conservative legal scholar John Eastman, Florida Gov. In 2012, the Republican National Committee went so far as to pass a resolution formally opposing the convention movement. A convention of states would be the first of its kind since the original Constitutional convention in Philadelphia in 1787.
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