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☆ France fashions slender Paris 2024 torch from raw steel
▼ + stars: | 2023-11-17 | by ( Julien Pretot | ) www.reuters.com time to read: +3 min

"It's a bit like my baby, our baby," Delphine Moulin, Paris 2024 director of celebration, told Reuters on Friday amid the sounds of metal being cut, bent, polished and sprayed with micro-particles of steel. You can see that it's different from the usually flared shape of the Olympic torch," Moulin added. You don't use the same kind of steel to make rails and to make this torch," ArcelorMittal France president Eric Niedziela said. Paris 2024 officials and ArcelorMittal have been tight-lipped on the budget of the torches' fabrication, declining to give an estimate of the overall cost. The Paris 2024 flame will be lit on April 16 in Ancient Olympia and will remain in the country for about a week before a handover ceremony in Athens and the start of its journey to France.

Persons: Delphine Moulin, Guy Degrenne, Moulin, ArcelorMittal's Franck Wasilewski, Eric Niedziela, Julien Pretot, Ed Osmond Organizations: Paris, Paralympic Games, ArcelorMittal, Reuters, Thomson Locations: Vire, France, Paris, Normandy, Greece, Ancient Olympia, Athens

HENRICO, Va. (AP) — Susanna Gibson lost her Virginia legislative race this month, but she may not be done with politics. But that is my plan.”Gibson said she had no idea the videos existed until they were brought to her attention by reporters. “What is newsworthy is abortion rights are on the line in Virginia,” she said. She won a competitive June primary and centered her message to voters on protecting abortion rights as the state's Republican governor, Glenn Youngkin, pledged to enact stricter limits. Abortion rights groups and a leading LGBTQ+ advocacy group continued to support her campaign.

Persons: — Susanna Gibson, Gibson, I’m, ” Gibson, —, Daniel Watkins, ”, ” Ken Nunnenkamp, Roe, Wade, Glenn Youngkin, “, loitered, Louise Lucas, Gibson's, Han Jones, David Owen, Terry McAuliffe, Watkins, she's, Virginia’s, Mary Anne Franks, Franks, Matthew Barakat Organizations: Associated Press, Republican Party of Virginia, University of Virginia, Columbia University, Republican, Democratic Party, Virginia, District, Democratic, FBI, George Washington University Law School Locations: HENRICO, Va, Virginia, Henrico

☆ Unimpressed Verstappen not buying into Las Vegas hype
▼ + stars: | 2023-11-16 | by ( Steve Keating | ) www.reuters.com time to read: +3 min

Formula One F1 - Las Vegas Grand Prix - Las Vegas Strip Circuit, Las Vegas, Nevada, U.S. - November 15, 2023 Red Bull's Max Verstappen talks to the media ahead of the Las Vegas Grand Prix REUTERS/Mike Blake Acquire Licensing RightsLAS VEGAS, Nov 16 (Reuters) - Red Bull's Max Verstappen isn't buying into the turbo-charged hype around Formula One's return to Las Vegas, describing the race as 99% show, 1% sport. Asked if he was looking forward to this weekend, the three-time world champion was unequivocal, "No." "I just always want to focus on the performance side of things," shrugged Verstappen. "I am looking forward to trying to do the best I can, but not looking forward to this." Reporting by Steve Keating in Las Vegas.

Persons: Max Verstappen, Mike Blake, Max Verstappen isn't, Verstappen, I'm, It's, Sergio Perez, Sebastian Vettel, Lewis Hamilton, Michael Schumacher, Steve Keating, Christina Fincher Organizations: Las Vegas, Las Vegas Strip, Las Vegas Grand Prix REUTERS, LAS VEGAS, Thomson Locations: Las Vegas , Nevada, U.S, Las Vegas, Nevada, Abu Dhabi

☆ Why the Pentagon is spending billions to bring laser weapons to the battlefield
▼ + stars: | 2023-11-15 | by ( Brad Howard | In | ) www.cnbc.com time to read: +1 min

Israel has invested in the Iron Beam system, which produces a high-energy laser, to complement the Iron Dome batteries used to launch interceptors to take out incoming rockets. "Interceptors are just surface-to-air missiles that shoot down incoming weapons. "A laser, on the other hand, gives you essentially an infinite magazine of interception opportunities, because the laser — as long as you've got electricity — will continue to recharge, continue to shoot down incoming weapons." The Navy has the HELIOS, or High Energy Laser with Integrated Optical-dazzler and Surveillance, installed on the U.S.S. Watch the video to find out what the future of laser weapons holds.

Persons: Bryan Clark, Arleigh Burke, Masao Dahlgren Organizations: Hudson Institute, Air Defense, U.S . Army, Navy, Missile Defense, Center for Strategic, International Studies Locations: Israel, Yuma, Preble, U.S

☆ US-China cooperation creates a 'win-win' for the auto industry: Hesai Technology
▼ + stars: | 2023-11-15 | 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 EmailUS-China cooperation creates a 'win-win' for the auto industry: Hesai TechnologyLouis Hsieh, CFO of Hesai Technology, a Shanghai-based maker of laser sensors, says he hopes for greater US-China cooperation. He discusses the benefits of AI for the automotive industry.

Persons: Hesai Technology Louis Hsieh Organizations: Hesai Technology Locations: China, Shanghai

☆ I was a bartender for almost a decade. Here are the techniques I used to land bigger tips — and the people I tried to avoid serving.
▼ + stars: | 2023-11-15 | by ( Jen Glantz | ) www.businessinsider.com time to read: +7 min

AdvertisementBut during my nine years as a bartender, I regularly found myself earning more tips than anyone else on my team. Here are some of the techniques bartenders can use to earn bigger tips and ways to determine who will be a good tipper. Treat regulars like they're good friendsI always made it a point to remember regulars' names, stories, and drink orders. Surface-level compliments are devoid of meaning, and guests will feel like you're trying to schmooze your way to a higher tip. Be wary of large groupsTry to avoid serving people in large groups who seem to not know who's paying.

Persons: Starr Douglas, —, Ramos, I'd, they'll, you'll Organizations: Service, University of Georgia, Georgia Institute of Technology Locations: Athens , Georgia, Atlanta, New Orleans

☆ Humane's launch video showed its hyped AI Pin answering 2 questions incorrectly. The company says a corrected video is on the way.
▼ + stars: | 2023-11-14 | by ( Haley Tenore | ) www.businessinsider.com time to read: +4 min

The AI Pin gave incorrect information twice in a promotional video starring Humane's cofounders. Humane is going to make a new promotional video for the AI Pin after eagle-eyed viewers noticed the device had given incorrect information at two different times during its splashy launch video. Humane's AI Pin is a small, standalone gadget that can be pinned to your shirt, pocket, or bag. AdvertisementHowever, the April 2024 eclipse will be visible in parts of North America, but not Australia. Sheffer said that a bug had caused the AI Pin to give the location to view a previous eclipse, rather than one that's coming up in 2024.

Persons: Humane's cofounders, —, Imran Chaudhri, Chaudhri, Sam Sheffer, Sheffer, Ai, Haley Tenore Organizations: Service, Humane's San, USDA Locations: Humane's, Humane's San Francisco, Australia, North America

The 4.6 million birds killed this year compares to the nearly 58 million birds the U.S. Department of Agriculture said were slaughtered last year in the first year of the outbreak. Retail turkey prices aren't tracked the same way, but USDA reports show that wholesale frozen turkey prices averaged $1.15 per pound in October, down from last year's $1.79 per pound and the previous year's $1.35 per pound. “I think there should be a lot of relief coming in the holiday season.”A combination of factors contributed to the sharp drop in bird flu cases this year. Officials say bird flu doesn’t represent a significant health threat. Bird flu vaccines are being developed and might help in the future, but at this point they remain impractical.

Persons: ”, Denise Heard, haven't, they're, “, Jada Thompson, ” Heard, hasn't, It’s, John Clifford Organizations: U.S . Department of Agriculture, U.S . Poultry, Egg Association, U.S . Bureau of Labor Statistics, National Turkey Federation, University of Arkansas, Farmers, USDA, Export, USA, Egg Export Council Locations: OMAHA, Neb, Minnesota , Iowa, South Dakota, Iowa, Minnesota, Indiana, Turkey, United States

☆ Russia's laser beam weapons are being frustrated by low clouds that are stopping them from hitting their targets, UK intel says
▼ + stars: | 2023-11-14 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Russia has a weapons system that uses a drone's laser to identify targets. Russia will likely try to improve the system in what could be a winter fighting boost, it added. AdvertisementAdvertisementRussian drones that use laser beams to identify targets in Ukraine are being frustrated by low clouds, according to British intelligence. The UK Ministry of Defence's intelligence update on Tuesday assessed the performance of drones that use lasers to spot targets for Russia's 152mm Krasnopol-M2 artillery munitions. Russia will likely try to improve the system by boosting "Krasnopol's flight performance and reduce the round's laser detection time," the UK update said.

Persons: — Organizations: Service, UK Ministry of, UK, EU Locations: Russia, Ukraine, Estonian

☆ Sergio Ermotti, UBS CEO, is leading the biggest banking deal in history. Failure is not an option
▼ + stars: | 2023-11-13 | by ( Hanna Ziady | ) edition.cnn.com time to read: +11 min

The caller was UBS (UBS) chairman Colm Kelleher. “I was definitely not expecting the phone call,” Ermotti told CNN on the sidelines of a conference in Geneva last month. UBS paid 60% less than the beaten-down value of Credit Suisse shares just before its last-ditch rescue over a weekend. Even if Credit Suisse had none of that painful baggage, the sheer size of the two banks makes the merger an enormous undertaking. “The fact that UBS was asked to be part of the solution (to Credit Suisse), that was the ultimate success,” Ermotti told CNN.

Persons: Sergio Ermotti, Colm Kelleher, Ermotti, ” Ermotti, Anke Reingen, Roger Federer, “, ”, Morgan Stanley, ” Kelleher, Michael Buholzer, it’s, Katrin Koch, Tom Naratil, —, Merrill Lynch, Stefan Wermuth, Oswald Gruebel, ” Christopher Wheeler, Fabrice Coffrini, … Organizations: Switzerland CNN, UBS, Credit Suisse, CNN, Bank of America, JPMorgan, HSBC, RBC Capital Markets, RBC, Ermotti’s, Banca, Citi, UBS —, Bloomberg, New York Times, Getty Locations: Geneva, Switzerland, Swiss, Zurich, Lugano, Singapore, Europe, Middle East, Africa, New York, AFP

☆ Start-Ups With Laser Beams: The Companies Trying to Ignite Fusion Energy
▼ + stars: | 2023-11-13 | by ( Kenneth Chang | More About Kenneth Chang | ) www.nytimes.com time to read: +1 min

In December last year, after years of trying, the National Ignition Facility, or NIF, at Lawrence Livermore National Laboratory reported that it had finally lived up to its middle name: ignition. For the first time anywhere, a laser-induced burst of fusion produced more energy than that supplied by the incoming lasers. “We’re really excited by the NIF results,” said Kramer Akli, who manages the fusion energy sciences program at the United States Department of Energy. A decade ago, a report by the National Academy of Sciences found much to like in the energy potential of laser fusion but recommended that the United States hold off major investments until ignition was achieved. The sun generates heat and light by jamming — fusing — hydrogen atoms together into helium.

Persons: We’re, ”, Kramer Akli, arth, ould Organizations: National Ignition Facility, Lawrence Livermore National Laboratory, United States Department of Energy, National Academy of Sciences Locations: United States

Eight Republicans joined with 201 Democrats to vote in favor of referring the articles back to the House Homeland Security Committee, which is carrying out its own investigation into Mayorkas' alleged dereliction of duty. Mia Ehrenberg, a spokesperson for the Department of Homeland Security, accused Republicans of "wasting time" on the impeachment. "Secretary Mayorkas continues to be laser-focused on the safety and security of our nation," Ehrenberg said in a statement. The impeachment allegations stem from a Republican assertion that the Biden administration could better manage border security, rather than any criminal offense. House Republicans have also launched an impeachment inquiry into Biden.

Persons: Alejandro Mayorkas, Julia Nikhinson, Marjorie Taylor Greene, Joe Biden, Mayorkas, Greene, Mia Ehrenberg, Ehrenberg, Donald Trump, Biden, Trump, Hunter Biden, Moira Warburton, Ted Hesson, Scott Malone, Jonathan Oatis, Gerry Doyle Organizations: Homeland, U.S, Congress, REUTERS, U.S . House, Republican, Democratic, Eight Republicans, House Homeland Security Committee, Department of Homeland Security, Republicans, Biden, Trump, White, Thomson Locations: Washington , U.S, WASHINGTON, Mexico, Ukraine, U.S, Cuba, Haiti, Nicaragua, Venezuela

☆ House Blocks Snap Mayorkas Impeachment Vote as Inquiry Continues
▼ + stars: | 2023-11-13 | by ( Luke Broadwater | More About Luke Broadwater | ) www.nytimes.com time to read: +1 min

A small band of Republicans joined with all House Democrats on Monday to block a snap vote to impeach Alejandro Mayorkas, the homeland security secretary, turning back an attempt to oust him before a G.O.P.-led committee has completed its investigation into his agency’s handling of the southwest border. The impeachment vote was forced by Representative Marjorie Taylor Greene, a hard-right Republican from Georgia. Eight Republicans, including veteran lawmakers who want to see an impeachment investigation follow traditional steps, voted with Democrats to block the vote and send the matter to the Homeland Security Committee. “Secretary Mayorkas continues to be laser-focused on the safety and security of our nation,” said Mia Ehrenberg, a spokeswoman for the Department of Homeland Security. “This baseless attack is completely without merit and a harmful distraction from our critical national security priorities.”

Persons: Alejandro Mayorkas, Marjorie Taylor Greene, Mayorkas, ”, Mia Ehrenberg Organizations: Republicans, Democrats, Homeland Security, Department of Homeland Security Locations: Georgia

☆ Video of Russia's latest Lancet drone striking a US Bradley IFV shows how the weapon has been adapted to evade Ukrainian defenses
▼ + stars: | 2023-11-12 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Russia's newest Lancet drones appear to have found a way to evade Ukrainian defenses. This means the warheads detonate some distance away, rather than on impact. AdvertisementAdvertisementAn advanced version of Russia's feared Lancet drone appears to have a new way to evade Ukrainian armored anti-tank grids and anti-drone nets. Russian forces posted a video of a Lancet drone striking a Ukrainian combat vehicle by exploding several feet away from the target. While the advancements will put some Ukrainian vehicles at risk, the best-protected vehicles should still be able to fend off the attacks, Forbes said.

Persons: —, Russia's, Forbes, Bradley IFV, Bradley, Ukraine's Air Force Yurii Ihnat, LIGA.net, Lancets Organizations: Service, Conflict Intelligence, Intelligence Team, Armed Forces, Ukraine's Air Force Locations: Ukrainian, Russian, Donetsk, Ukraine

☆ Humane's AI Pin probably can't replace your phone
▼ + stars: | 2023-11-11 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +6 min

This scenario is one of the scenes in the demo video for the AI Pin, a new wearable device. Humane, a AI hardware startup, announced that its first device, the AI Pin will go on sale at $699. You can ask the AI Pin if it's "okay" to eat. But the AI Pin isn't like a flip phone. I'm not looking to get rid of my phone — and I don't think the AI Pin could really do that anyway.

Persons: —, Imran Chaudhri, Bethany Bongiorno, Siri, Alexa, he's, Katie, I'm, Amy, Siri — Organizations: Apple, Service

☆ It was the most significant week in AI since the launch of ChatGPT
▼ + stars: | 2023-11-11 | by ( Samantha Kelly | ) edition.cnn.com time to read: +7 min

Elon Musk announced a sarcastic AI ChatGPT rival called Grok coming to his platform, X, formerly known as Twitter. The company unveiled a series of AI tool updates, including the ability for developers to create custom versions of ChatGPT called GPTs. Humane’s Ai PinHumane introduced its first AI wearable device called the Ai Pin From HumaneHumane, a startup founded by former Apple employees, introduced its first AI wearable device called the Ai Pin, a small blinking gadget that attaches to clothing. The Ai pin, which runs on a Snapdragon processor and boasts a Qualcomm AI engine, is packed with depth and motion sensors, features an ultra-wide camera and a laser ink display. The Ai Pin, which starts at $699, will go on sale in the US on Thursday, November 16.

Persons: OpenAI, Elon Musk, ”, Reece Hayden, Hayden, ” Hayden, Here’s, Sam Altman, Altman, Ai, Arun Chandrasekaran, “, Jaap Arriens, xAI, Douglas Adams, Elon, Grok, Musk, Chandrasekaran, Anna Coobin Organizations: CNN, OpenAI, ABI Research, Fortune, Apple, Qualcomm, Gartner, Twitter, Galaxy, Reuters, Amazon, YouTube Locations: Warsaw, Poland, British

☆ Sofia Coppola, “Priscilla” and the Art of the Alluring Sad Girl - The New York Times
▼ + stars: | 2023-11-10 | by ( Emily Yoshida | ) www.nytimes.com time to read: +3 min

But by then she was well positioned to occupy the rarefied worlds of alternative film, fashion and music, insulated from snarky criticism and the crassness of commercial demands. I don’t see the presence of these rarefied worlds — either in her biography or as depicted on the screen — as a shortcoming. Arguably, Ms. Coppola is exceptional as an artist because nobody among her contemporaries succeeds in preserving that pristine air the way she does, especially when used to embody an explicitly feminine worldview. There may be a rebelliousness in this stillness, and a romance — of taking up things and pondering them in your heart. But on the most basic level, what Ms. Hirschberg described as a strength is a tendency to abstain, to not do something — a tendency shared by many of Ms. Coppola’s protagonists.

Persons: Eleanor, Ms, Coppola, Mary Corleone, she’s, you’ve, Luke, I’ve, hosannas, Mary, Lynn Hirschberg, Sofia Coppola’s, ”, Hirschberg, Elvis Presley Locations: Bethlehem

☆ Amazon’s top Fresh exec says store reopenings are part of broader grocery revamp
▼ + stars: | 2023-11-10 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +7 min

Peters now oversees Amazon Fresh and reports to ex-Tesco executive Tony Hoggett, who leads Amazon's physical stores business. Shoppers check out the sale items as they wait in line for the new Amazon Fresh store to open on E. Colorado Blvd in Pasadena, CA Thursday, September 15, 2022. In addition to the Woodland Hills Fresh store, Amazon reopened locations in nearby Pasadena and Irvine this week, after redesigning two Chicago-area Fresh stores in August. Amazon Fresh store in Los Angeles neighborhood of Woodland Hills Annie Palmer'Where's the butter located?' On Thursday, Amazon said it's opening the Fresh grocery delivery service to everyone in the U.S., after trials in a handful of cities.

Persons: Annie Palmer, Andy Jassy, Claire Peters, Peters, Tony Hoggett, Dilip Kumar, Stephenie Landry, Jeff Bezos, Amazon, Honey Grahams Organizations: Amazon, Woolworths, Amazon Fresh, Tesco, CNBC, Walmart, . Colorado, Medianews, los Angeles Daily, Getty, Citibank, Amazon Web, Woodland, Foods, Alexa Locations: Los Angeles, Woodland, ., Pasadena , CA, Woodland Hills, Amazon, Pasadena, Irvine, Chicago, U.S

☆ Wearable 'Ai Pin' launched by Humane, backed by ex-Apple execs and Microsoft
▼ + stars: | 2023-11-09 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

The Ai Pin, as the device is called, is designed to be worn on clothing and can be tapped to talk to a virtual assistant powered by technologies from ChatGPT-creator OpenAI and cloud computing power from Microsoft (MSFT.O). Founded by ex-Apple (AAPL.O) veterans who worked on the iPhone, Humane is one of many companies in Silicon Valley angling to find the next wave of consumer devices. Instead, Humane is offering a device with no traditional screen that relies almost entirely on artificial intelligence to interact with the user. "Ai Pin is the embodiment of our vision to integrate AI into the fabric of daily life, enhancing our capabilities without overshadowing our humanity," Chaudhri said in a statement. The company said the Ai Pin will be available in the United States from Nov. 16.

Persons: Imran Chaudhri, Ai, Chaudhri, Sam Altman, Stephen Nellis, Rosalba O'Brien Organizations: Microsoft, Apple, Humane, Thomson Locations: Silicon, United States, San Francisco

☆ A $699, screen-free smartphone that projects a green laser onto your hand is about to hit the market: report
▼ + stars: | 2023-11-09 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Its founders believe their screenless AI Pin will usher in an era beyond the typical smartphone. The Verge wrote that the documents showed the AI Pin is essentially a "$699 wearable smartphone without a screen." The AI Pin hopes to trounce the smartphoneHumane's founders, ex-Apple designers Imran Chaudhri and Bethany Bongiorno, envision their AI Pin as the first step toward a world that's moved beyond the typical smartphone and tech addiction. At a TED Talk in April, Chaudhri demonstrated showing the AI Pin a Milky Bar and asking it if he could eat the candy. The Coperni fashion show in Paris during Paris Fashion Week, September 29 2023.

Persons: —, Imran Chaudhri, Bethany Bongiorno, Julia Black, Chaudhri, iNvxbSmYUk, 0GqAiR2reT, Jonas Gustavsson, Naomi Campbell Organizations: Service, Apple, OpenAI's, TED, Paris, The Washington, Getty Locations: Paris

☆ Former Apple designers launch $700 Humane AI Pin as smartphone replacement
▼ + stars: | 2023-11-09 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

The Humane AI Pin is designed to replace your smartphone, allowing the user to make calls, send texts and look up information through voice controls. Humane said it will begin taking orders for the AI Pin on Nov. 16. The AI Pin has a built-in speaker and camera, and a light flashes when those functions are turned on. Users can access AI services from the internet, rather than downloaded apps. Microsoft, Google , OpenAI, and other companies are contributing AI services, the company said.

Persons: Imran Chaudhri, Bethany Bongiorno, Chaudhri, Sam Altman, Marc Benioff, Bongiorno, Brad Gerstner Organizations: Apple, Mobile, Microsoft, Tiger Global, Qualcomm, Qualcomm Ventures, Google

☆ Can A.I. and Lasers Cure Our Smartphone Addiction?
▼ + stars: | 2023-11-09 | by ( Erin Griffith | More About Erin Griffith | ) www.nytimes.com time to read: +1 min

Slowly, I circled my wrist to scroll, pressing an index finger and thumb together in a pinching motion to select an item. The gadget, called the Ai Pin, is a new take on wearable devices that aims to supplant, or at least help wean us off, our addiction to screens. It took a few seconds of waving my hand in front of my chest to find the laser menu. The circling wrist motion takes a second to nail as well. In 10 minutes of wearing the device at the company’s offices, I gradually learned how to hold the light and manipulate it.

Persons: ”

Sitting beneath a palm tree on a cliff above the ocean at Mr. Benioff’s Hawaiian home in 2018, they explained both devices. “This one,” Mr. Benioff said, pointing at the Ai Pin, as dolphins breached the surf below, “is huge.”“It’s going to be a massive company,” he added. They experimented in secret with hardware components and built a virtual assistant, like Siri or Alexa, working with customized language models based, in part, on OpenAI’s offerings. The device’s most sci-fi element — the laser that projects a text menu onto a hand — started inside a box the size of a matchbook. It took three years to miniaturize it to be smaller than the size of a golf tee.

Persons: Mr, Benioff, “, ”, Siri, Altman Organizations: Apple

☆ Rocket Lab pushes to get launch business back on track, with 22 Electron missions booked next year
▼ + stars: | 2023-11-08 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

Peter Beck, chief executive officer of Rocket Lab, speaks during the US Chamber of Commerce's Global Aerospace Summit in Washington, D.C., Sept 14, 2022. Rocket Lab is pushing to get its launch business back on track by the end of the year, reporting on Wednesday third-quarter results that saw continued strength in its space systems division. Rocket Lab expects to resume Electron launches as soon as Nov. 28, with a mission for Japanese satellite imagery company iQPS. For the fourth quarter, Rocket Lab expects revenue between $65 million and $69 million, with just $16.5 million in revenue from its launch business. With its Electron launches expected to resume, Rocket Lab sees first quarter 2024 revenue climbing to between $95 million and $105 million.

Persons: Peter Beck, Beck Organizations: Rocket, US Chamber of Commerce's Global Aerospace Summit, Washington , D.C, LSEG, Revenue, Wall Street, Lab Locations: Washington ,

COLOMBO, Sri Lanka (AP) — The U.S. announced a $553- million project Wednesday to build a new, deep-water shipping container terminal in the Port of Colombo as it competes with China in international development financing. The U.S.-backed financing comes at a time when Sri Lanka is struggling to recover from a dire financial and economic crisis. Sri Lanka borrowed heavily from China to build the port and other infrastructure including an airport and a city being built on reclaimed land. Both neighboring India and China are jostling for influence in Sri Lanka and both have already invested in expanding facilities at the Colombo port. Colombo port also has a terminal run by China Merchants Port Holdings.

Persons: ”, Scott Nathan, Sri Lanka’s John Keells, Lanka’s, Wang Wenbin, William & Mary, AidData, China's, saysChina, Bradley Parks, “, ” ___ Didi Tang Organizations: South, U.S . International Development Finance Corp, West, Local, Sri, Sri Lanka’s John Keells Holdings, Initiative, Foreign Ministry, China Merchants Port Holdings, CHEC Port City Colombo Co, China Communications Construction Company, William & Locations: COLOMBO, Sri Lanka, U.S, Port, Colombo, China, Bay, Bengal, Beijing, Hambantota Port, Hambantota, India, oceanside, Port City, Virginia, “ Beijing, Washington

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