DIRS.INFO The most relevant business & tech news

☆ Arrests of Russian generals and officials raises questions about Putin's war machine
▼ + stars: | 2024-06-01 | by ( Cameron Manley | ) www.businessinsider.com time to read: +2 min

Five senior figures in Russia's defense establishment have been arrested on corruption charges. The arrests follow the replacement of Sergei Shoigu as defense minister. 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 . AdvertisementIt began with Timur Ivanov, Russia's then-deputy defense minister, who was arrested after being accused of taking bribes "on a particularly large scale."

Persons: Sergei Shoigu, —, Timur Ivanov, Russia's, Yuri Kuznetsov, Andrey Kozyrev, Boris Yeltsin, Putin, Foreman Organizations: Russia's MOD, Service, Kremlin, Business Locations: Moscow, Cyprus

[1/6] A rocket carrying a spy satellite Malligyong-1 is launched, as North Korean government claims, in a location given as North Gyeongsang Province, North Korea in this handout picture obtained by Reuters on November 21, 2023. North Korea said it placed its first spy satellite in orbit on Tuesday and vowed to launch more in the near future. Officials in South Korea and Japan, which first reported the launch, could not immediately verify whether a satellite was in orbit. Russia and North Korea have denied conducting arms deals, but are publicly promising deeper cooperation. South Korea's military said it believed the latest rocket carried a reconnaissance satellite and was launched toward the south.

Persons: Kim Jong Un, Sabrina Singh, Han Duck, Yoon Suk Yeol, Moon Jae, Kim Jong, KCNA, Adrienne Watson, Vladimir Putin, Lee Choon, Hyunsu Yim, hyang Choi, Josh Smith, Ed Davies, Gerry Doyle Organizations: Reuters, KCNA, REUTERS Acquire, Rights, North, Pentagon, South Korean, Korean, National Security Council, South Korea's National Security Council, National Aerospace Technology Administration, . National Security, South Korea's Science, Technology Policy Institute, South, U.S ., Thomson Locations: North Gyeongsang Province, North Korea, Rights SEOUL, South Korea, Pyongyang, United States, North Korean, Japan, U.S, Britain, South, Korea, Russian, Moscow, Russia, Okinawa

☆ Rival Koreas race to launch first spy satellites this month
▼ + stars: | 2023-11-21 | by ( Josh Smith | ) www.reuters.com time to read: +4 min

A still photograph shows what appears to be North Korea's new Chollima-1 rocket being launched in Cholsan County, North Korea, May 31, 2023 in this image released by North Korea's Korean Central News Agency and taken from video. KCNA via REUTERS/File photo Acquire Licensing RightsSEOUL, Nov 21 (Reuters) - Both South and North Korea aim to launch their first spy satellites into orbit by the end of the month, entering a race for military capabilities in space. North Korea has notified Japan it plans to launch a satellite between Wednesday and Dec. 1, after two failed attempts to launch spy satellites earlier this year. Seoul plans to use SpaceX to launch four more spy satellites by 2025, and has test launched its own liquid and solid fuel rockets to launch more civilian and military satellites in the future. South Korea's capabilities are more advanced, but it still has to make more progress to see results, Chun said.

Persons: Vladimir Putin, Kim Jong, Kim Hyun, chong, Chun, Panda, Josh Smith, Simon Cameron, Moore Organizations: North, Korean Central News Agency, REUTERS, Rights, SpaceX, California’s Vandenberg Air Force Base, Carnegie Endowment, International, North Korea's National Aerospace Development Administration, South Korean, United Nations, Thomson Locations: Cholsan County, North Korea, Rights SEOUL, Japan, South Korea, Seoul, Korea, South, U.S, Pyongyang, United States, Washington

☆ North Korea's Chances of Succeeding in Spy Satellite Launch High -S.Korea
▼ + stars: | 2023-11-01 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

SEOUL (Reuters) - North Korea is in the final stages of preparations for the launch of a spy satellite and the chances of the third attempt succeeding are high, Yonhap news agency reported on Wednesday, citing South Korea's intelligence service. North Korea has made two attempts to launch its first reconnaissance satellite this year that ended in failure as stages of the boosters experienced malfunctions. The North had previously pledged to make a third attempt in October, but has so far shown no indication that it was going ahead with the launch. "North Korea is also seen to be trying to use the Israel-Hamas war in a multifaceted way," Yoo was quoted as saying after the spy agency briefing. The spy agency also said that North Korea dispatched a delegation that mainly consists of experts on artillery to Russia in mid-October, news reports said.

Persons: Yoo Sang, Kim Jong, Kim, Vladimir Putin, Yoo, Jack Kim, Ed Davies Organizations: National Intelligence Service, NIS, Israel Locations: SEOUL, North Korea, Russia, Ukraine, Korea, Russian, Moscow, South Korea, Japan, United States, Israel

☆ North Korea's chances of succeeding in spy satellite launch high -S.Korea
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

SEOUL, Nov 1 (Reuters) - North Korea is in the final stages of preparations for the launch of a spy satellite and the chances of the third attempt succeeding are high, Yonhap news agency reported on Wednesday, citing South Korea's intelligence service. North Korea has made two attempts to launch its first reconnaissance satellite this year that ended in failure as stages of the boosters experienced malfunctions. The North had previously pledged to make a third attempt in October, but has so far shown no indication that it was going ahead with the launch. "North Korea is also seen to be trying to use the Israel-Hamas war in a multifaceted way," Yoo was quoted as saying after the spy agency briefing. The spy agency also said that North Korea dispatched a delegation that mainly consists of experts on artillery to Russia in mid-October, news reports said.

Persons: Yoo Sang, Kim Jong, Kim, Vladimir Putin, Yoo, Jack Kim, Ed Davies Organizations: National Intelligence Service, NIS, Israel, Thomson Locations: SEOUL, North Korea, Russia, Ukraine, Korea, Russian, Moscow, South Korea, Japan, United States, Israel

Finance Minister Anton Siluanov said Russia would return to following its budget rule in 2024, envisaging an oil price of $60 per barrel. The government was discussing budget plans for the next three years. Bloomberg News reported that Russia is also planning a huge hike in defence spending next year, swelling to 6% of GDP from 3.9% in 2023 and 2.7% in 2021. Siluanov said Russia planned to raise domestic borrowing to more than 4 trillion roubles annually to fund its deficits. Siluanov said Russia's NWF would hold 6.7 trillion roubles by end-2024, down from 13.7 trillion roubles, or 9.1% of GDP as of Sept. 1.

Persons: Vladimir Putin, Denis Manturov, Alexei Krivoruchko, Mikhail Metzel, Mikhail Mishustin, Mishustin, Anton Siluanov, Siluanov, Russia's, Vladimir Soldatkin, Darya Korsunskaya, Alexander Marrow, Mark Trevelyan Organizations: Sputnik, REUTERS Acquire, Finance, National Wealth Fund, Bloomberg News, Reuters, Thomson Locations: Izhevsk, Russia, Ukraine MOSCOW, Moscow, Ukraine

☆ Russia plans huge defence spending hike in 2024, Bloomberg reports
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +1 min

Russian President Vladimir Putin, accompanied by Deputy Prime Minister Denis Manturov, Deputy Defence Minister Alexei Krivoruchko and other officials, attends the Gunsmith Forum in the city of Izhevsk, Russia September 19, 2023. Sputnik/Mikhail Metzel/Pool via REUTERS Acquire Licensing RightsSept 22 (Reuters) - Russia plans a huge hike in defence spending next year, swelling to 6% of gross domestic product (GDP), up from 3.9% in 2023 and 2.7% in 2021, Bloomberg News reported on Friday. Moscow doubled its target for defence spending in 2023 to more than $100 billion, Reuters reported exclusively in August, as the costs of the war in Ukraine spiral and place growing strain on Moscow's finances. Rising war costs are supporting Russia's modest economic recovery this year with higher industrial production, but have already pushed budget finances to a deficit of around $24 billion - a figure compounded by falling export revenues. Reporting by Urvi Dugar in Bengaluru; Writing by Alexander Marrow; Editing by Andrew Cawthorne and Gareth JonesOur Standards: The Thomson Reuters Trust Principles.

Persons: Vladimir Putin, Denis Manturov, Alexei Krivoruchko, Mikhail Metzel, Urvi, Alexander Marrow, Andrew Cawthorne, Gareth Jones Organizations: Sputnik, REUTERS Acquire, Bloomberg, Reuters, Thomson Locations: Izhevsk, Russia, Moscow, Ukraine, Bengaluru

☆ Putin says Russia faces big economic challenges, must keep inflation in check
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +3 min

Russian President Vladimir Putin chairs a meeting on economic issues via video link at the Novo-Ogaryovo state residence outside Moscow, Russia April 11, 2023. Sputnik/Gavriil Grigorov/Kremlin via REUTERS/File Photo Acquire Licensing RightsSummary This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. MOSCOW, Aug 22 (Reuters) - Russian President Vladimir Putin said on Tuesday that inflationary risks were rising and he told the government and central bank to keep the situation under control. When the rouble tumbled below 100 to the dollar last week, the central bank was forced to respond by raising interest rates by 350 basis points to 12%. "The government and central bank need to actively use the instruments available to them," he said.

Persons: Vladimir Putin, Putin, Vladimir Soldatkin, Anastasia Lyrchikova, Dmitry Antonov, Alexander Marrow, Mark Trevelyan, Mark Heinrich Our Organizations: Sputnik, REUTERS, Thomson Locations: Moscow, Russia, Kremlin, Ukraine, MOSCOW

☆ Ukraine is closer to having F-16s, but don't expect them to suddenly start 'taking down' Russia's formidable air defenses, top US general says
▼ + stars: | 2023-08-18 | by ( Christopher Woody | Jake Epstein | ) www.businessinsider.com time to read: +7 min

In addition to anti-radar missiles, Ukrainian jets have employed US-made guided bombs, which Russia has countered with electronic warfare. While F-16s would allow Ukraine to better employ those weapons, Hecker said Russia's military will continue to adapt and adjust. "It allows us to follow through on the training of Ukrainian pilots. Although the timeline has been somewhat unclear, Denmark — one of 11 countries in the coalition — announced on Friday that it would start training pilots later this month. But training and equipping Ukrainian airmen to operate F-16s and other sophisticated jets will be a long-term project, Hecker said Friday.

Persons: Ukraine's, James Hecker, " Hecker, JOHN THYS, Hecker, It's, you'll, Beata Zawrzel, Kajsa Ollongren, Wopke Hoekstra, Antony Blinken, Pat Ryder, Yasuo Osakabe, US Air Force Hecker, they're, that's, it's Organizations: Service, US Air Force, US Air Forces, Defense Writers, Siauliai, NATO, Getty Images, SA, NATO Summit, Defense, —, Pentagon, Air Force, Yokota Air Base, Alpha Jet Locations: Ukraine, Wall, Silicon, Denmark, Netherlands, Europe, Romanian, Lithuania, AFP, Russia, Ukrainian, Vilnius, Japan, France

☆ Exclusive: Russia doubles 2023 defence spending plan as war costs soar
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +5 min

They show that in the first half of 2023 alone, Russia spent 12%, or 600 billion roubles, more on defence than the 4.98 trillion roubles ($54 billion) it had originally targeted for 2023. Defence spending in the first six months of 2023 amounted to 5.59 trillion roubles, 37.3% of a total 14.97 trillion roubles spent in the period, the document showed. Between 2011 and 2022, Russia spent a minimum of 13.9% and a maximum 23% of its budget on defence. Russia has already spent 57.4% of its new annual defence budget, the document showed. Funding for schools, hospitals and roads was already being squeezed this year in favour of defence and security, but as the share of defence spending grows, other areas could face cuts.

Persons: Vladimir Putin, Ilya Pitalyov, Denis Manturov, Dmitry Polevoy, Yevgeny Suvorov, Suvorov, Mike Collett, White, Philippa Fletcher Organizations: Sputnik, Reuters, Defence, MMI Telegram, Bank of Russia, Monetary Fund, Thomson Locations: Russian, Saint Petersburg, Russia, Ukraine, Moscow, Locko

☆ Ukrainian pilot says its air force is so outclassed by Russia's that it can 'do nothing to them in the air'
▼ + stars: | 2023-07-17 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +3 min

A Ukrainian pilot described his struggle against much more powerful Russian aviation. The pilot told The Sunday Times about the limited impact that Ukraine's outdated gear can have. "The Russian jets are much better quality than ours," Maksym told The Times. A top British air force general, Chief Marshal of British Air Staff Rich Knighton, told a conference in London last week that Russia's air force "remains largely intact." Citing British intelligence, Knighton said that Russia's air force had retained 96% of its 2,021 fixed-wing aircraft and 90% of its 899 helicopters, with losses of 86 planes and 90 helicopters.

Persons: Maksym, Maksim's, British Air Staff Rich Knighton, Knighton Organizations: Sunday Times, Service, Times, Lada, Ukraine, Senior Ukrainian, Financial Times, British, British Air Staff Locations: Russia, Ukraine, Wall, Silicon, Ukrainian, Bakhmut, Soviet, London

☆ Russia's defense ministry is pressuring volunteer brigades fighting in Ukraine to fall under its command, but at least one is resisting
▼ + stars: | 2023-06-13 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Russia's MOD said Tuesday it signed contracts with 4 detachments and 3 brigades of volunteers. It came after the MOD announced last week that Russian "volunteer" groups fighting in Ukraine would be required to sign contracts with the country's defense ministry. The move was widely seen as an effort to bring the Wagner Group under official military control, the BBC reported. Wagner group head Yevgeny Prigozhin said on Sunday that he received an order from Russia's defense ministry to bring his group under its command. The Wagner group — which sent tens of thousands of mercenary fighters and convicts to fight in Ukraine — and Russia's defense ministry have been involved in an escalating public feud.

Persons: It's, Wagner, Yevgeny Prigozhin, —, Vladimir Alekseev, Prigozhin, Sergei Shoigu, Sergey Surovikin, Vladimir Putin Organizations: MOD, Service, Ministry of Defense, Kremlin Wagner, Volunteer Assault Corps, Wagner Group, BBC, Russian MOD, Washington DC, for, Ukraine's, Kremlin, Washington Locations: Ukraine, Russian, Bakhmut

☆ Russia gives awards to Su-27 pilots who knocked out a US drone this week, after Western officials slammed the incident as 'unsafe and unprofessional'
▼ + stars: | 2023-03-17 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +2 min

Russia decorated the two pilots whose intercept took down a US Reaper drone over the Black Sea. US and EU officials have described the incident as "unsafe and unprofessional" on Russia's part. The accolade comes after US European Command accused the pilots of making an "unsafe and unprofessional" intercept. The incident forced the Reaper to crash into the Black Sea, increasing tensions between the US and Russia. Russia claims that the drone was flying with its transponders turned off, and that it was violating airspace restrictions Russia says it made public in relation to its military activities.

It sold its plant, now renamed the Moscow Automobile Factory Moskvich, for another rouble. [1/6] A view shows a car under the Soviet-era brand Moskvich during a ceremony marking the launch of the production at the Moscow Automobile Factory Moskvich in Moscow, Russia, November 23, 2022. The government's ultimate target of producing 100,000 Moskvich vehicles a year, some of which will be electric, is far below the industry average for a car plant of 200,000-300,000. "The first Moskvich cars will come off the production line in December 2022," Kamaz (KMAZ.MM) said in a statement. The car goes on sale in Russia next month, it added, although the price has yet to be disclosed.

☆ Russia relaunches production of Soviet-era Moskvich at ex-Renault plant
▼ + stars: | 2022-11-23 | by ( ) www.reuters.com time to read: +2 min

It sold its plant, now renamed the Moscow Automobile Factory Moskvich, for another rouble. The ultimate target of producing 100,000 Moskvich vehicles a year, some of which will be electric, is far below the industry average for a car plant of between 200,000-300,000. "The first Moskvich cars will come off the production line in December 2022," truck maker Kamaz <KMAZ.MM>, the plant's technological partner, said in a statement. Sources have told Reuters that Chinese carmaker JAC's design, engineering and production platform will be used to produce the brand. The ministry said the launch of full-scale production would provide jobs for around 40,000 more people.

☆ Russian university officials pressured African students to join the war, threatening them with axed scholarships and tuition hikes: report
▼ + stars: | 2022-11-22 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

African students in Russia told The Daily Beast that they were pressured to fight in Ukraine. Students said they were told they could lose their scholarships or see fee hikes, per the Beast. This pressure included warnings that the government could cancel their scholarships and raise tuition fees, the students told the outlet. Students have also been approached by police and the military, a second Nigerian student told the Beast. Even so, students with financial difficulties are considering the offer to sign up, the students told the Beast.

☆ 2 of Russia's most modern multi-role fighters are leading Putin's air war over Ukraine
▼ + stars: | 2022-09-14 | by ( Sebastian Roblin | ) www.businessinsider.com time to read: +15 min

Two of Russia's most modern fighters have led its air war over Ukraine: the Su-30SM and the Su-35S. Two of Russia's most modern multi-role fighters have spearheaded Moscow's air war over Ukraine: the two-seat Sukhoi Su-30SM (code-named Flanker-H by NATO) and its successor, the single-seat Su-35S Flanker-E. Su-35S units active in UkraineSu-35S jet fighter of the Russian Air Force taking off, Kubinka, Russia. Artyom Anikeev/Stocktrek Images via Getty ImagesThe Russian Air Force (VKS) is currently receiving the last of 128 Su-35s ordered, most now committed to the war in Ukraine. Russia evidently lacks enough longer-range/endurance surveillance and combat drones to hunt Ukrainian air defense assets through laborious optical scanning.

☆ The wild life of Ksenia Sobchak, Putin's rumored god-daughter and former presidential candidate who dramatically fled Russia
▼ + stars: | 2018-03-18 | by ( Michal Kranz | Mia Jankowicz | ) www.businessinsider.com time to read: +1 min

TV host, actress, socialite , and former presidential candidate Ksenia Sobchak — who is rumored to be the goddaughter of President Vladimir Putin — has fled Russia for Lithuania. Her family ties with Putin go back to before she was born, when her father helped him enter national politics. And when she transformed herself from glamorous socialite and TV star to progressive politician, Putin made no attempt to stop her. "She has always got away with stuff, and it's always been understood that Putin's presidential administration made sure she didn't get into too much trouble," Dr Jade McGlynn, a Russia-focused researcher at the University of Oxford told Insider. Here's how Sobchak went from pop culture darling, to liberal opposition figure, to a fugitive of Putin's Russia.

Search resuls for: "Russia's MOD"

18 mentions found