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☆ Oil refinery in Russia's Krasnodar region damaged in Ukraine drone attack, authorities say
▼ + stars: | 2024-04-27 | by ( ) www.cnbc.com time to read: 1 min

Slavyansk oil refinery in Russia's Krasnodar region was damaged in a Ukraine drone attack, local authorities said on Saturday. "The tank farm was not damaged due to the organized protection system. The fire was eliminated by joint efforts of responsible services," Siniagovskyi said. A fire broke out in small area at the refinery, local emergency services said, and was later extinguished. Russia's Defence Ministry said on Saturday its air defense units had intercepted and destroyed 66 Ukrainian drones over the territory of the Krasnodar region, and two more over the Crimean peninsula.

Persons: Siniagovskyi Organizations: Russia's Defence Locations: Russia's Krasnodar, Ukraine, Krasnodar, Crimean

☆ Xi shakes up China’s military in rethink of how to ‘fight and win’ future wars
▼ + stars: | 2024-04-27 | by ( Nectar Gan | ) edition.cnn.com time to read: +8 min

Chinese leader Xi Jinping oversees the inauguration of the Information Support Force of the People's Liberation Army at a ceremony in Beijing on April 19, 2024. The Information Support Force will be led by top generals from the now-defunct SSF. These functions will now be supervised at his level and not through the Strategic Support Force, which served as a middleman,” Wuthnow said. Though US intelligence officials said the balloon was part of an extensive surveillance program run by the Chinese military, Xi may not have been aware of the mission. Chinese leader Xi Jinping has scrapped the People's Liberation Army's Strategic Support Force, a branch he founded in 2015.

Persons: Xi Jinping, Xi, ”, Wu Qian, SSF, Bi Yi, Li Wei, Ju Qiansheng, Joel Wuthnow, ” Wuthnow, Joe Biden, didn’t, Xinhua News Agency James Char, Char Organizations: Hong Kong CNN, Strategic Support Force, Support Force, PLA, China’s Defense, Aerospace Force, Cyberspace Force, Central Military Commission, Logistic Support Force, Information, Force, People's Liberation Army, Xinhua News, Information Support Force, Xinhua, Pentagon, National Defense University, Aerospace Systems Department, Network System Department, Xinhua News Agency, Rajaratnam, of International Studies, SSF’s Aerospace Systems Department, “, Communist Party, Taiwan Locations: China, Hong Kong, Beijing, Washington, United States, Singapore, Ukraine, Taiwan Strait, Taiwan

☆ Putin’s War Will Soon Reach Russians’ Tax Bills
▼ + stars: | 2024-04-27 | by ( Paul Sonne | ) www.nytimes.com time to read: +1 min

President Vladimir V. Putin of Russia is about to institute a rare tax increase on corporations and high earners, a move that reflects both the burgeoning costs of his war in Ukraine and the firm control he has over the Russian elite as he embarks on a fifth term in office. Financial technocrats in Mr. Putin’s government are searching for new ways to fund not just an expensive war in Ukraine but also a broader confrontation with the West that is likely to remain costly for years. Russia is allocating nearly a third of its overall 2024 budget to national defense spending this year, a huge increase, adding to a deficit that the Kremlin has taken pains to keep in check. The proposed tax increase underscores Mr. Putin’s rising confidence about his political control over the Russian elite and his country’s economic resilience at home, showing that he is willing to risk alienating parts of society to fund the war. It would represent the first major tax overhaul in over a decade.

Persons: Vladimir V, Putin Locations: Russia, Ukraine

☆ Opinion: $95 billion Israel-Ukraine aid package gives Biden huge leverage. He should use it
▼ + stars: | 2024-04-26 | by ( Opinion Mark Hannah | ) edition.cnn.com time to read: +8 min

CNN —The $95 billion military aid package President Joe Biden signed Wednesday was a feat of tough-minded negotiation to get funding to Ukraine and Israel after months of congressional horse-trading. But if the aid inflates those countries’ war aims, it could discourage the kind of tough-minded negotiation that is the only way to end their wars. The new infusion of aid gives the US a lot of leverage with Ukraine and Israel. However, the recent aid package includes long-range missiles, or ATACMS, which suggests Ukraine is readying an offensive against Crimea. In Israel, putting conditions on military aid is a better idea.

Persons: Mark Hannah, Joe Biden, Mark Hannah Biden, Benjamin Netanyahu, ”, Mark Milley, “, —, Israel, Biden, George W, Bush, Putin, Ukraine’s, Biden judiciously, Netanyahu, Henry Kissinger, Golda Meir, Kissinger, ” Kissinger, Russia shouldn’t Organizations: Institute for Global Affairs, Eurasia Group, CNN, Wednesday, Joint Chiefs of Staff, Palestinian Authority, Abrams Tanks, Crimea, Israel, Twitter Locations: Ukraine, Israel, Crimea, Washington, Ukrainian, Russia, Gaza, United States, Kippur, Tel Aviv, Soviet

☆ In Western Ukraine, a Community Wrestles With Patriotism or Survival
▼ + stars: | 2024-04-26 | by ( Natalia Yermak | Brendan Hoffman | ) www.nytimes.com time to read: +1 min

It was sunset when Maj. Kyrylo Vyshyvany of the Ukrainian army stepped into the yard of his childhood home in Duliby, a village in western Ukraine, just after his younger brother, also a soldier, had been buried. “I can already see that she’ll be coming to visit him every day,” he said that day. A few days after the funeral, in March 2022, he was killed in a Russian missile strike on a Ukrainian military base and buried next to his brother, Vasyl. The Vyshyvany brothers were the first deaths from Duliby and the surrounding community after Russia began its full-scale invasion on Feb. 24, 2022. For Duliby and its surrounding enclave of Khodoriv — total population around 24,000 people — waiting for the next solemn death notification and the funeral that follows has become a bitter routine.

Persons: Kyrylo, ”, Vasyl, — Locations: Duliby, Ukraine, Russian, Ukrainian, Russia, Khodoriv

☆ A NATO country is refusing to give Ukraine its Patriots because it says it needs them for itself
▼ + stars: | 2024-04-26 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +1 min

Greece's prime minister said his country cannot give Ukraine its Patriots due to security concerns. Kyriakos Mitsotakis said his country needs them to protect its own airspace. Ukraine has spent months begging its allies for Patriots to help fend off Russian attacks. AdvertisementOne of Ukraine's European allies is refusing to hand over Patriot air-defense systems because it says it needs them to protect its own airspace. Kyriakos Mitsotakis, the prime minister of Greece, said in an interview with Greek news outlet Iefimerida that his country would not provide Patriots or S-300 missile systems to Ukraine.

Persons: Greece's, Kyriakos Mitsotakis, —, Mitsotakis, Ukrainska Organizations: Patriots, Service, Ukrainska Pravda, Business Locations: Ukraine, Greece

☆ Perry, a Far-Right Incumbent, Faces Shifting Political Ground in Pennsylvania
▼ + stars: | 2024-04-26 | by ( Robert Draper | ) www.nytimes.com time to read: +1 min

Like other Republicans in the House Freedom Caucus, Representative Scott Perry of Pennsylvania, the group’s former leader, carries a pungently far-right portfolio. He has been an unswerving loyalist of former President Donald J. Trump. He has voted against aid to Ukraine and against keeping the government open. Such stances are not especially controversial to Republican primary voters. But among archconservative House members, only Mr. Perry must sell those same views to voters in a politically competitive district this November.

Persons: Scott Perry, Scott Perry of Pennsylvania, Donald J, Trump, archconservative, Perry, Janelle Stelson Organizations: Caucus, Republican, Democratic, Congressional District Locations: Scott Perry of, Ukraine, Pennsylvania’s

Has South Africa Truly Defeated Apartheid? U.S.A., 2020 – 63% U.K., 2019 – 62% 60% 49% 40% 20% 1994 2004 2014 2019 Sources: Collette Schulz-Herzenberg, "The South African non-voter: An analysis"; Konrad Adenaur Stiftung, 2020 (South Africa); Pew Research (United States and U.K.)On a continent where coups, autocrats and flawed elections have become common, South Africa is a widely admired exception. −4% −6% Sources: Harvard Growth Lab analysis of World Economic Outlook (South Africa and sub-Saharan Africa) and World Development Indicators (upper-middle-income countries). 50% unemployment rate 40% Black unemployment rate 30% The unemployment gap between Black and white South Africans remains wide. In 2022, about 6 percent of South Africans aged 18 to 29 were enrolled in higher education, according to Statistics South Africa.

Persons: Nelson Mandela, they’ve, Collette Schulz, Konrad Adenaur Stiftung, —, Walter Sisulu, Joao Silva, New York Times Jack Martins, ”, Mandela’s, Wandile Sihlobo, Johann Kirsten, Sihlobo, Kirsten, haven’t, Zinhle Nene, Peter Mokoena, “, Mokoena, Nokuthula Mabe, Mabe, Jacob Zuma, Chrispin Phiri, Cyril Ramaphosa, Israel, Sibusiso Zikode, Zikode, Mr Organizations: African National Congress, Pew Research, Human Sciences Research, World Bank, Black South, Charter, New York Times, University of Cape Town’s Liberty Institute of Strategic Marketing, Johannesburg Stock Exchange, Economic Empowerment, South, Harvard, Economic, Government, Black, Mr, Stellenbosch University . White, Statistics, Security, JOHANNESBURG Jobs, JOHANNESBURG Sandton Downtown, West University, Education, Statistics South, General Household Survey, of, Stellenbosch University, Ministry of Justice and Correctional Services, Institute for Security Studies, International Court of Justice Locations: Africa, South Africa, Black, States, Soweto, Kliptown, Johannesburg, South, Saharan Africa, Carletonville, JOHANNESBURG, Downtown Soweto, JOHANNESBURG Sandton, JOHANNESBURG Sandton Downtown Soweto, North, Mahikeng, Botswana, Statistics South Africa, Brazil, Mexico, Philippines, African, Germany, Russia, India, China, Ethiopia, Burundi, Zimbabwe, Ukraine, New York Times South Africa, Gaza, Durban, South Africa’s

☆ Russia Strikes Ukraine’s Railways and Vows to Slow Arrival of U.S. Aid
▼ + stars: | 2024-04-26 | by ( Maria Varenikova | More About Maria Varenikova | ) www.nytimes.com time to read: +1 min

At least 31 civilians were injured and six killed in the attacks, according to the Ukrainian military and local officials. Three of the dead were railway workers killed by a strike in the Donetsk region. Russia also attacked a railway facility in the Cherkasy region but no casualties were reported. The latest attacks on the rail network came after Russia’s defense minister, Sergei Shoigu, promised to target Western weapons as they arrived in Ukraine. “We will increase the intensity of strikes on logistics centers and storage bases of Western weapons,” he said in a speech Tuesday at the ministry.

Persons: Sergei Shoigu, “, ” Locations: Russia, Ukraine, Donetsk, Kharkiv, Cherkasy, Ukrainian

☆ US announces $6 billion long-term military aid package for Ukraine
▼ + stars: | 2024-04-26 | by ( Haley Britzky | ) edition.cnn.com time to read: +3 min

CNN —US Defense Secretary Lloyd Austin announced on Friday a $6 billion long-term military aid package for Ukraine — the largest to date — which will allow the US to purchase new equipment produced by the American defense industry for the Ukrainian military. The announcement comes just days after the US announced a $1 billion package that would quickly provide equipment to Ukraine from US stocks, following President Joe Biden’s signing of a much delayed $95 billion supplemental aid package on Wednesday. Biden said moments after signing the legislation that shipments of aid to Ukraine would begin within hours. Equipment under the $6 billion package announced Friday, however, will take much longer to arrive. The USAI is intended to provide Ukraine with a long-term supply of weapons and equipment.

Persons: Lloyd Austin, ” Austin, Joe Biden’s, Biden, Austin, CQ, “ They’ve, ” Brown, Volodymyr Zelensky, ” Organizations: CNN, US, Ukraine —, Ukraine Security Assistance Initiative, Joint Chiefs, Staff, Contact Locations: Ukraine, Germany, Ukrainian

☆ 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

☆ ExxonMobil and Chevron Report Lower Earnings
▼ + stars: | 2024-04-26 | by ( Stanley Reed | More About Stanley Reed | ) www.nytimes.com time to read: 1 min

ExxonMobil and Chevron, the largest American energy companies, said on Friday that their earnings in the first quarter fell from a year earlier, pulled down by lower refining margins and plunging natural gas prices. But the oil and gas business remains highly profitable for the two giants even at a time of moderate oil prices. ExxonMobil said that earnings were $8.2 billion in the quarter, compared with $11.4 billion in the same period a year earlier. Their earnings were also hurt by falling prices for natural gas, a key fuel that is used in heating and industry. Natural gas prices, which soared after Russia’s invasion of Ukraine in 2022, have fallen sharply as markets adjusted.

Organizations: ExxonMobil, Chevron Locations: Ukraine

☆ Blinken tells CNN the US has seen evidence of China attempting to influence upcoming US elections
▼ + stars: | 2024-04-26 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +7 min

Beijing CNN —US Secretary of State Antony Blinken said the US has seen evidence of Chinese attempts to “influence and arguably interfere” with the upcoming US elections, despite an earlier commitment from leader Xi Jinping not to do so. Then, Xi had pledged that that China would not do so, according to CNN reporting. The US believes that Chinese support is enabling Russia to ramp up production of tanks, munitions and armored vehicles – and to continue its onslaught on Ukraine. Instead, they characterized this as trade with Russia and said Moscow’s success didn’t depend on China, Blinken added. He also stressed the importance of such expression in democracies, without explicitly noting the lack of such freedoms in China.

Persons: Antony Blinken, Xi Jinping, Blinken, Kylie Atwood, Xi, Joe Biden, ” Blinken, Biden, —, Russia Blinken, Wang Yi, ”, who’ve, we’ve, it’s, that’s, Jennifer Hansler Organizations: Beijing CNN —, Moscow, CNN, Biden, Russia, “, Israel Locations: Beijing, China, American, San Francisco, Canada, Russia, Ukraine, Gaza, Iran, Israel, Palestinian, Saudi Arabia

☆ Ukraine war live updates: NATO chief chides China; Pentagon says weapons will reach Ukraine 'within days'
▼ + stars: | 2024-04-26 | by ( Natasha Turak | ) www.cnbc.com time to read: 1 min

A view of the street filled with rubbles of partially destroyed building after a Russian missile strike as at least 7 were killed, 28 injured in the attack Ukrainian Ministry of Internal Affairs said, in Dnipro, Ukraine on April 19, 2024. The Pentagon says its deliveries of weapons from the latest U.S. support package for Kyiv are on their way and will arrive in the coming days, if not sooner. Russian officials have hit back at the news, saying the new arms provisions will harm the region's security but will not bring Ukraine any closer to defeating Russia. NATO Secretary-General Jens Stoltenberg had some strong words for China, saying Beijing must end its support for Russia's war in Ukraine if it wants better relations with the West, and that it cannot have it "both ways." Elsewhere, U.S. Secretary of State Antony Blinken is visiting Chinese President Xi Jinping in Beijing.

Persons: Jens Stoltenberg, Antony Blinken, Xi Jinping Organizations: Ukrainian Ministry of Internal Affairs, Pentagon, Kyiv, Russia, NATO Locations: Russian, Ukrainian, Dnipro, Ukraine, China, Beijing

☆ Ukraine pulled its Abrams tanks from the front due to Russian drone tactics, US officials say
▼ + stars: | 2024-04-26 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Ukraine has removed Abrams tanks from the front lines, Pentagon officials told the Associated Press. AdvertisementUkraine has withdrawn its US-supplied Abrams tanks from the front lines in the face of Russian drone warfare tactics, two US defense officials told the Associated Press. A Russian reconnaissance drone knocked out an M1 Abrams tank near Avdiivka in eastern Ukraine in February, according to Russian state media. AdvertisementUkraine has lost five Abrams tanks in recent months, The New York Times reported this month, citing an unnamed senior US official. AdvertisementUkraine has used them to devastating effect to take out Russian tanks, with drones responsible for two-thirds of Russian tanks taken out, a NATO official told Foreign Policy earlier this month.

Persons: Abrams, —, Christopher Grady, Grady, Markus Reisner, Ukraine's Organizations: Pentagon, Associated Press, Service, Joint Chiefs of Staff, Abrams, New York Times, US, NATO, Soviet, Challenger Locations: Ukraine, Russian, Avdiivka, Austrian

☆ Schumer Says Foreign Aid Victory Shows Congress Isn’t Broken
▼ + stars: | 2024-04-26 | by ( Carl Hulse | ) www.nytimes.com time to read: +1 min

Senator Chuck Schumer, the New York Democrat and majority leader, insists that Congress isn’t broken — it just has a stubborn glitch. As he celebrated approval this week of a major national security spending measure to aid Ukraine and Israel that took months of wrangling and strategizing, Mr. Schumer said the success of the package validated his view that bipartisanship can prevail once extreme elements on Capitol Hill are sidelined. “I don’t think that Congress is dysfunctional,” Mr. Schumer said in an interview. “It’s that there are some dysfunctional people in Congress, and we can’t let them run the show.”The majority leader said that the passage of the foreign aid bill, the renewal of a warrantless electronic surveillance program and the approval of government funding for the year have shown that Congress can still function if its damaging glitch — right-wing lawmakers invested in chaos — is dealt out.

Persons: Chuck Schumer, Schumer, “, Mr Organizations: New York Democrat Locations: Ukraine, Israel

☆ Ukraine Is Denying Consular Services to Men Outside the Country
▼ + stars: | 2024-04-26 | by ( Maria Varenikova | ) www.nytimes.com time to read: 1 min

Ukrainian officials have taken several steps in recent weeks to swell the ranks of an army depleted by more than two years of grueling combat. The government passed a new mobilization bill aimed at increasing troop numbers and has stepped up border patrols to catch draft dodgers. Now, officials are targeting men who have already left the country. This week the government announced that Ukrainian embassies had suspended issuing new passports and providing other consular services for military-age men living abroad. By suspending consular services, the government said, it was responding to demands for fairness in society.

Organizations: dodgers

☆ Gaza war: Most of the West remains silent on Israeli decisions, says Turkish ambassador to Singapore
▼ + stars: | 2024-04-26 | 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 EmailGaza war: Most of the West remains silent on Israeli decisions, says Turkish ambassador to SingaporeBurcin Gonenli, Turkish ambassador to Singapore, says the majority of states in the West have been silent on developments such as Israel's decision to expand settlements in East Jerusalem, despite calling for adherence to international law in the Russia-Ukraine war and other global conflicts.

Organizations: Singapore Burcin Locations: Turkish, Singapore, East Jerusalem, Russia, Ukraine

☆ Ukraine can keep on fighting Russia — but the 'victory' it wants might be out of reach
▼ + stars: | 2024-04-26 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +4 min

Ukrainian servicemen practice combat drills involving a BMP-1 in Donbas, Ukraine as Russia-Ukraine war continues on March 19, 2024. But, with future aid uncertain, analysts question what "victory" Ukraine could realistically achieve against Russia — a country that has put its industries on a war footing and is able to mobilize hundreds of thousands more men to war. While additional aid allows Ukraine to keep on fighting Russian forces in the short stretch, a "victory" in the near-term is an unlikely prospect. What's more, what "victory" looks like for Ukraine, or its allies, could be a source of friction. This is particularly the case in eastern Ukraine, where it has enjoyed support from pro-Russian separatists for over a decade.

Persons: Teneo, Vladimir Putin, Natalia Kolesnikova, Tursa, Frankness, Oleksandr Musiyenko, Putin Organizations: Anadolu, Getty, Russia —, Afp, Centre for Military, Legal, U.S, CNBC Locations: Donbas, Ukraine, Russia, Kyiv, U.S, Central, Eastern Europe, Ukrainian, Crimea, Red, Moscow, Russian, Sevastopol

☆ Xi Meets Blinken With Tough Issues on the Agenda
▼ + stars: | 2024-04-26 | by ( Ana Swanson | Vivian Wang | ) www.nytimes.com time to read: +1 min

Both China and the United States have said they were hoping for progress on a few smaller, pragmatic fronts, including improving communications between their militaries and easing travel between the countries. But they remain at a standstill on fundamental strategic issues, including trade policies and territorial conflicts in the South China Sea and over Taiwan. And with other disputes looming, both sides acknowledged the danger of the relationship sliding into further conflict. The Biden administration is deeply concerned that cheap Chinese exports are threatening U.S. jobs, and is worried about China’s support of Russia in the Ukrainian war. And China has accused the United States of working to encircle Chinese interests in the Pacific.

Persons: Antony J, Blinken, Xi Jinping, Biden Locations: Beijing, East Asia, East, Ukraine, China, United States, South, Taiwan, Russia, Pacific

☆ Right-wing media ruptures over Marjorie Taylor Greene’s threat to oust Mike Johnson
▼ + stars: | 2024-04-26 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

New York CNN —Marjorie Taylor Greene has exposed the fault lines in right-wing media. While The Journal has showered Johnson in glowing praise, Fox News and the Post have gone different routes. Yet, it’s unlikely she will emerge from this battle victorious — a reality that has underscored the importance of Murdoch’s right-wing media empire. While the winds might not entirely favor Greene and the MAGA Media hardliners in this very moment, they do appear to be shifting. That could very well pale in comparison to what the rising, more extremist wing of right-wing media delivers in the years ahead.

Persons: Marjorie Taylor Greene, Mike Johnson’s, Rupert Murdoch, Greene, Johnson, ”, MOSCOW MARJORIE, They’ve, Steve Bannon, Donald Trump’s, Bannon, Charlie Kirk, MAGA, Trump, “, God ”, Tucker Carlson, ” Greene, Kirk, Carlson, Murdoch, Murdoch GOP kingmaker Organizations: New York CNN, Republican, MAGA Media, Fox News, Street Journal, New York, Kyiv, Post, Republican Party, Breitbart, Murdoch GOP, GOP, Trump Locations: New York, Ukraine, MAGA, Johnson

☆ Europe is beating inflation. Why can’t America declare victory?
▼ + stars: | 2024-04-26 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

The Fed aims to keep inflation at 2% over the longer run. Meanwhile, among the 20 countries that use the euro, annual consumer price inflation has slowed steadily since the start of the year. Fed Governor Michelle Bowman said earlier this month that she would favor a rate hike “should progress on inflation stall or even reverse.”So why does the United States appear to have a bigger inflation problem than Europe? Some economists argue there isn’t actually much daylight between the US and European rates of inflation, pointing to a quirk in the US measures. The measure is designed to track inflation in the real estate market while accounting for the fact that most Americans own their homes.

Persons: Michelle Bowman, Paul Donovan, Simon MacAdam, ”, MacAdam, ” Carsten Brzeski, Janet Yellen, Jim Watson, Brzeski, “, ” Davide Oneglia Organizations: London CNN, Federal Reserve, European Central Bank, PCE, UBS Global Wealth Management, Capital Economics, ING, CNN, Monetary Fund, Washington, Reuters, Getty, —, ECB, Lombard Locations: United States, Europe, Centreville , Maryland, AFP, Russia, Ukraine

☆ This little-known drone stock is poised to rally more than 56%, Raymond James says
▼ + stars: | 2024-04-26 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Kratos Defense & Security Solutions is seeing its business thrive amid accelerating defense spending stemming from global conflicts, according to Raymond James. He also raised his price target by $7, or 35%, to $27, suggesting the stock could climb 56% from Thursday's close. "Kratos provides content on most of the major western air defense systems," Gesuale said in a report to clients after the market closed Thursday. At the same time, NATO's orders for Multiple Air Defense Systems, $11 billion of which require Kratos materials over several years, could also boost the stock, he added. KTOS YTD mountain Kratos shares over the past year.

Persons: Raymond James, Brian Gesuale, Kratos, Gesuale Organizations: Kratos Defense, Security, Air Defense, NATO, Arrow Systems, Multiple Air Defense Systems Locations: Thursday's, Israel, Ukraine, Taiwan, U.S

☆ Spain to send Patriot missiles to Ukraine amid mounting pressure from EU and NATO allies, report says
▼ + stars: | 2024-04-26 | by ( Cameron Manley | ) www.businessinsider.com time to read: +3 min

It follows Ukraine's urgent plea to NATO for more air defense systems. AdvertisementIt comes after German defense minister Boris Pistorius hit out at Spain and Greece for not having sent their Patriot systems to Ukraine. Spain has decided not to send any of its launchers for the Patriot system to Ukraine, however, the El Pais report said. It currently has three Patriot systems, all purchased from Germany in 2004 and 2014, the report added. "However, from the very beginning, we stated that we cannot give out defense systems that are crucial for our deterrence capabilities," he added.

Persons: —, El, Boris Pistorius, Volodymyr Zelenskyy, Putin, Zelenskyy, El Pais, Kyriakos Mitsotakis, Olaf Scholz, Scholz Organizations: NATO, Service, EU, Spanish Ministry of Defense, Business, Patriot, Telegraph, Patriots, El Locations: Spain, Ukraine, El Pais, Spanish, Turkish, Syrian, Greece, Germany, Soviet, Ukrainian

☆ The US relationship with China is entering a dangerous era. Time may be running out to save it.
▼ + stars: | 2024-04-26 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

There was a risk, he said, that US-China relations could "return to a downward spiral." As such, the US-China relationship appears to have entered a dangerous period, and time may be running out to save it. The US has handed Ukraine billions in aid and military support to resist the invasion, with a new $61 billion bill passing this week. AdvertisementBlinken said he raised concerns about China's support for Russia in its invasion of Ukraine. Blinken will have to overcome several hurdles for US-China relations to improve.

Persons: —, Antony Blinken's, Xi Jinping, Wang Yi, Xi, Joe Biden, Ali Wyne, Wang, Blinken, Ian Bremmer Organizations: Service, Business, US, West, International Crisis, Russia, Eurasia Group, Bloomberg Locations: China, Ukraine, loggerheads, Taiwan, Washington, Beijing, US, Western Europe, Russia

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