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The UK's Royal Navy has relaxed its entry requirements due to recruitment problems. AdvertisementThe UK's Royal Navy has relaxed its entry requirements for new recruits, no longer requiring them to demonstrate swimming proficiency prior to joining, Sky News reported. It exemplifies how the Royal Navy, the most feared world sea power in the 19th and early 20th centuries, is struggling to stay fit for purpose in the 21st century. A Royal Navy spokesperson rebuffed claims of lowered standards, telling Sky News that all recruits would still undergo a swim test during training. Business Insider contacted the Royal Navy for comment.
Persons: , Danny Kruger, Elizabeth, HMS, Wales, Richard Barrons Organizations: Royal Navy, Service, Sky News, Elizabeth British Royal Navy, Royal, NATO, Financial Times Locations: British, Isle of Wight
A fire broke out on the Royal Navy's flagship, the HMS Queen Elizabeth, a report said. Last month, HMS Queen Elizabeth pulled out of a NATO exercise following a mechanical issue. AdvertisementThe UK's $3.7 billion flagship aircraft carrier caught fire in yet another embarrassment for the Royal Navy. HMS Queen Elizabeth is now en route to Rosyth, Scotland, for repairs, specifically targeting the starboard propeller shaft coupling. The high-profile failures of the UK's flagship aircraft carrier have shown how Britain is struggling to keep up with first-rate navies around the world, experts have said.
Persons: HMS, Elizabeth, Queen Elizabeth, , HMS Prince, Wales, Rishi Sunak, Anne, Marie Trevelyan, Tom Tugendhat, Lord Houghton, Richard Barrons Organizations: Royal, Service, Royal Navy, UK Defence, Business Insider, Ministry of Defence, Foreign, Houthis, Financial Times Locations: NATO, Glen, Loch Long, Scotland, Rosyth, Wales, Russia, China, Red, Britain
Years of underfunding have left the UK's navy in a threadbare state, according to a report. AdvertisementThe high-profile failure of the UK's flagship aircraft carrier over the weekend has shown how Britain is struggling to keep up with first-rate navies around the world. AdvertisementThe Prince of Wales and the HMS Queen Elizabeth have only been in service for around three years. Having two aircraft carriers means that HMS Prince of Wales can quickly prepare to deploy in place of HMS Queen Elizabeth," said a spokeswoman. Advertisement"HMS Prince of Wales will deploy soon on NATO exercise Steadfast Defender, carrying out her duties to keep the nation and our allies safe."
Persons: underfunding, , Elizabeth, Wales, Tom Sharpe, Lord Houghton, of Wales, HMS Queen Elizabeth, Prince, Sir Richard Barrons Organizations: NATO, Service, Britain's Royal Navy, US Navy, Navy, The Times, Britain's, Ministry of Defence, Armed Forces, Financial Locations: Britain, East Asia, Russia, Ukraine, Red, Bahrain, Wales
The UK Royal Navy's fleet flagship had to withdraw from a major NATO exercise at the last minute. HMS Queen Elizabeth had issues with its starboard propeller shaft. In 2019, HMS Queen Elizabeth was left without propulsion for days and flooded. The ship had to anchor off Britannia Royal Naval College for 24 hours to undergo repairs, per The News. The House of Commons Defence Committee called the UK military "consistently overstretched" and under "unrelenting pressure," the Independent reports.
Persons: Queen Elizabeth, HMS Queen Elizabeth, , Elizabeth, HMS, Wales, HMS Prince, Kalnins, Sir Richard Barrons Organizations: Royal, Service, NATO, Royal Navy, Business, Royal Navy's, Britannia Royal Naval College, Warfare Development Command, UK Defense, British, REUTERS, Bangor, Financial Times, Navy, Recruits, of Commons Defence Locations: NATO, Portsmouth, Europe, Scandinavia, Northern Europe, Westminster, Riga, Latvia, Bahrain, Bangor
Alanna Barron captured the moment her mom tried to fend off a refrigerator purge over Thanksgiving. There was an 8-year-old bottle of sesame oil that Barron's mom argued was fine. 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 . All in all, Barron told BI nearly two dozen items were trashed.
Persons: Alanna Barron, , Tyler, they're, Barron, we've Organizations: Service Locations: Los Angeles
Ross Gerber said he plans to ditch his Model Y for a Rivian over Elon Musk's agreement with an antisemitic post on X. "Getting a flood of messages from clients wanting out of tesla and anything to do with Elon Musk," he wrote on X. Gerber, Musk, and a spokesperson for Tesla did not immediately respond to a request for comment. Gerber's comments came after Barron's reported that Musk's name had been dropped from the APEC CEO Summit speaker list on Thursday. "Elon Musk had a schedule change that prevented him from joining the APEC CEO Summit 2023," a spokesperson told Barrons.
Persons: Ross Gerber, Musk, , Elon Musk, Gerber, Tesla, Gerber's, Barron's, Barrons, Elon Organizations: Elon, Service, Rivian, Gerber Kawasaki Wealth, Investment Management, APEC, Business, The New York Times, Dealbook Locations: LA
AMC (AMC): judge rules in favor of APEs. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. 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.
Persons: Morgan Stanley, Eli Lilly, Bang, Goldman Sachs, David Solomon, Jim Cramer's, Jim Cramer, Jim Organizations: Alto Networks, UBS, Analysts, Mounjaro, Comcast, Union, AMAT, Nvidia Boston Properties, AMC, Boeing, Bank of America, Northrop, Parsons, Beverage, HSBC, New York Times, Jim Cramer's Charitable, CNBC Locations: Susquehanna
How — and when — Ukraine's war with Russia could end
  + stars: | 2023-08-07 | by ( Holly Ellyatt | ) www.cnbc.com   time to read: +9 min
Wojciech Grzedzinski | Anadolu Agency | Getty ImagesThe war between Russia and Ukraine entered a new phase this summer when Kyiv launched its much-anticipated counteroffensive, and there were hopes Ukraine would regain the upper hand. "By the end of this year, both sides will think they still have more to gain by fighting. "Literally, they're [the Ukrainian forces] just running into the first line of defenses now, but that's a 30 kilometer deep belt of minefields and trenches and counter attacks. Meanwhile, any prospect of peace talks between Russia and Ukraine look slim despite efforts to bring both sides to the negotiating table. "One outcome is that this war is fought out because Ukraine gets the help to do it.
Persons: King Danylo, Wojciech Grzedzinski, It's, Richard Barrons, isn't, Barrons, Nick Reynolds, they've, you've, Jamie Shea, Shea, John Kirby Organizations: Mechanized Brigade, Anadolu Agency, Getty, Kyiv, Russian, Military, Joint Forces Command, CNBC, Ukrainian, Ukraine's Defense Ministry, Battalion, Territorial Defense, Ukrainian Air Force, NATO, Ukraine, U.S . National Security Locations: Ukrainian, Russia, Ukraine, Donetsk Oblast, Donetsk, Bakhmut, Berdyansk, Azov, London, Russian, Crimea, United States, Vilnius, Lithuania, China, India, Jeddah, Saudi Arabia, U.S, Greece, Cyprus, North, South Korea
Some 212,294 workers in the tech industry have been laid off in 2023 alone, according to data tracked by Layoffs.fyi, already surpassing the 164,709 recorded in 2022. But in the shadow of those mass layoffs, the tech industry has also been gripped by an AI fervor and invested heavily in AI talent and tech. Roger Lee, a startup founder who has been tracking tech industry layoffs via his website Layoffs.fyi, also runs Comprehensive.io, which examines job listings and compensation data across some 3,000 tech companies. Those looking to thrive in the tech industry and beyond may need to brush up on their AI skills. It’s not that everyone needs to become AI specialists, Wang added, but rather that workers should know how to use AI tools to become more efficient at whatever they’re doing.
Persons: Arvind Krishna, Barrons, Krishna, Dropbox, , Drew Houston, , Dan Wang, ” Wang, Mark Zuckerberg, Roger Lee, Lee, Wang, It’s, That’s Organizations: CNN, Bloomberg, Columbia Business School, Layoffs.fyi, Microsoft, Machine Locations: OpenAI, Silicon Valley
Law firms including Olshan Frome Wolosky LLP and Schulte Roth & Zabel are go-tos for activist investors looking to change how companies do business. Kai Liekefett, who co-chairs Sidley's shareholder activism practice, last year successfully defended cloud company Box Inc. in a proxy fight by Starboard. Liekefett has also defended clients against major activist investors including Carl Icahn and Trian Partners. He has advised clients against major activist investors including Trian, Carl Icahn, Starboard Value and the billionaire Paul Singer. Lawrence Elbaum and Patrick Gadson, Vinson & ElkinsPatrick Gadson (L) and Lawrence Elbaum (R), co-heads of Vinson & Elkins' shareholder activism group.
Leaks in the Nord Stream pipelines were caused by hundreds of pounds of explosives, the UN heard. Denmark and Sweden told the Security Council that TNT was used deliberately to damage the pipelines. More countries have said sabotage was to blame, but Russia suggested the US was responsible. Methane appears to be leaking from the pipelines, with Sweden and Denmark now suggesting they were caused by a massive explosion. But in a statement released on Telegram on Thursday, Moscow suggested that Washington had the most to gain from Nord Stream shutting down.
Alexei Navalnîi a anunțat într-un mesaj postat pe Instagram că este vizat în trei noi anchete penale, relatează agenția Reuters, citează hotnews.ro. Totodată Navalnîi a precizat că a fost vizitat în celulă de către un inspector al puternicului Comitet rus de anchetă, însărcinat cu principalele anchete penale. Comit tot mai multe fapte penale”, a scris acesta. Încarcerat în ianuarie, la întoarcerea în Rusia după ce a fost îngrijit în Germania în urma unei otrăviri cu noviciok de care acuză Kremlinul, Navalnîi a fost condamnat pentru încălcarea termenilor de cauțiune în perioada în care se afla în convalescență. După arestarea sa, urmată de manifestaţii reprimate dur de poliţie, autorităţile ruse şi-au sporit presiunile împotriva mişcării anticorupţie a opozantului.
Persons: Alexei Navalnîi, Reuters, Navalnîi, El îşi Locations: Rusia, Germania, Kremlinul, Vladimir, Moscova, ruse
Atac armat într-o moschee din Afganistan. Opt bărbați au fost ucişi după ce mai mulți indivizi înarmaţi neidentificaţi au deschis focul în lăcașul de cult din provincia Nangarhar. "Conform primelor informaţii, cauza incidentului a fost o dispută în legătură cu un teren privat", a adăugat Amarkhail. Un purtător de cuvânt al poliţiei a spus că incidentul este anchetat, dar că nu a fost arestată încă nicio persoană. În luna aprilie a anului trecut, cel puţin şase membri ai unui trib au fost ucişi şi alţi aproape 20 au fost răniţi în ciocniri armate în legătură cu pământuri aflate în dispută în aceeaşi provincie.
Organizations: Islamic Locations: Afganistan, Nangarhar, Jalalabad
Индийская полиция задержала в Нью-Дели двух граждан, которые грабили ничего не подозревающих прохожих на улицах с помощью дрессированных обезьян, передает Barronʼs. "Когда жертва сидела в авторикше, мужчины также вошли и попросили одну обезьяну сесть на переднее сиденье, а другую – сзади. Граждане ловят их, хоть это и запрещено с 1972 года, и некоторые особо ушлые учат животных воровать. Так, в прошлом году стая обезьян атаковала медицинского работника и забрала образцы крови пациентов с положительным результатом на коронавирус в городе Меерут на севере Индии. В городе Танджавур стая диких обезьян ворвалась в дом и похитила новорожденных близнецов, одного из которых позже нашли мертвым.
Locations: ньюдель, Дели, Меерут, Индия, Танджавур, Малайзия
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