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☆ How to Pack an Entire, Comfortable Campsite Into a Backpack
▼ + stars: | 2023-08-19 | by ( Cassandra Brooklyn | ) www.wsj.com time to read: 1 min

MEETING OF THE MINDS While car campers and backpackers have slightly different needs when preparing for the woods, there are essentials that both groups will want. Photo Illustration: Serge BlochMIMI JI has spent the last decade summiting over 80 peaks in New York’s Adirondack and Catskill mountains, often camping for multiple nights to stay as close to the trail as possible. Hauling heavy gear over these peaks can get old quickly, so the 40-year-old corporate procurement director severely edited the list of supplies she crams into her backpack.

Persons: Serge Bloch MIMI JI Locations: Catskill

CNN —Russia temporarily shuttered all four major Moscow airports early on Friday morning following an alleged drone strike on the capital city, its civil aviation authority said. Moscow Mayor Sergey Sobyanin said Friday that Russian air defenses shot down a drone over the capital city overnight. The incident on Friday was the third time in the past month that this district of Moscow has been struck by drone debris. “The Kiev regime launched another terrorist attack using a drone against facilities in Moscow and Moscow region on August 18 at 4:00 Moscow time,” the ministry said in a statement, using the Russian spelling of the Ukrainian capital of Kyiv. Last month, Kyiv said Ukrainian forces carried out a drone strike in Moscow and warned more strikes were to come.

Persons: Sergey Sobyanin, “, Shamil Zhumatov, Mykhailo Fedorov, Volodymyr Zelensky, Rosaviatsiya Organizations: CNN, Russia, Moscow, Russian Defense Ministry, Reuters, Kyiv, Transformation Ministry, “ Army, Drones, Russian Association of Tour Locations: Moscow, Sheremetyevo, Zhukovsky, Expocentre, Ukraine, Kiev, Kyiv, Krasnopresnenskaya Embankment, Russia, Reuters Ukraine, Crimea, Ukrainian, Nizhny Novgorod, St, Petersburg, Minsk, Belarus

☆ The US is quietly warning its Middle East partners about the cost of stocking up on Chinese-made weapons
▼ + stars: | 2023-08-17 | by ( Paul Iddon | ) www.businessinsider.com time to read: +9 min

Chinese arms sales in the Middle East have increased by 80% over the past decade, a result of Beijing's expanding relationships there and its willingness to deliver arms faster and with fewer stipulations than Washington. FAYEZ NURELDINE/AFP via Getty ImagesMiddle Eastern countries, led by the Arab Gulf states, have for decades been major buyers of US-made weapons. Chinese arms sales to the region are "substantial and expected to continue to increase," said Ahmed Aboudouh, an associate fellow at Chatham House. "But it's just one factor among many, including varying threat perceptions of Iran among the Arab Gulf states as well as varying levels of trust between the Arab Gulf governments themselves." Paul Iddon is a freelance journalist and columnist who writes about Middle East developments, military affairs, politics, and history.

Persons: Michael Kurilla, Kurilla, Loong, KARIM SAHIB, Colin Kahl, Biden, Kahl, We're, FAYEZ NURELDINE, Ahmed Aboudouh, Aboudouh, James Hodgman, Russia's, ANDREW CABALLERO, REYNOLDS, Emily Hawthorne, RANE, that's, Hawthorne, Abu Dhabi, Mohammed bin Zayed, Xi, ANDY WONG, Kahl's, Paul Iddon Organizations: Service, US Central Command, Senate Armed Services Committee, Dubai Airshow, Getty, Chatham House, Pentagon, Getty Images, United Arab Emirates, Patriot, Al Udeid, Base, US Air Force, Tech, Air Defense, Turkey, NATO, East, Khalifa, UAE, US, Abu Dhabi Crown, Gulf Cooperation Council Locations: China, Washington, Wall, Silicon, Beijing, AFP, British, Saudi, Riyadh, Saudi Arabia, Abu Dhabi, East, North Africa, Qatar, Russia, Europe, Gulf, UAE, Yemen, Ankara, Turkey, Prince, Xinhua, Khalifa, Abu, Arab Gulf, Iran

☆ Nigeria's suspended cenbank governor to face fraud charges on Thursday
▼ + stars: | 2023-08-16 | by ( Camillus Eboh | ) www.reuters.com time to read: +2 min

Nigeria's Central Bank Governor Godwin Emefiele briefs the media during the MPC meeting in Abuja, Nigeria January 24, 2020. REUTERS/Afolabi Sotunde/File Photo Acquire Licensing RightsABUJA, Aug 16 (Reuters) - Nigeria's suspended central bank governor Godwin Emefiele will appear in a high court in Abuja on Thursday, when he is expected to enter a plea in a 20-count indictment, a government lawyer said on Wednesday. Government lawyers, on Tuesday, said they had filed additional graft charges against the governor, including allegedly "conferring unlawful advantages" and "unlawful procurement". Local papers said the central bank employee was a director in the private company. Emefiele, suspended by President Bola Tinubu in June, had already pleaded not guilty to charges of possessing a firearm illegally, which were subsequently withdrawn.

Persons: Nigeria's Central Bank Governor Godwin Emefiele, Afolabi, Godwin Emefiele, Emefiele, Bola Tinubu, Tinubu, Camillus Eboh, Chijioke, Sharon Singleton Organizations: Nigeria's Central Bank Governor, MPC, REUTERS, Rights, Government, Thomson Locations: Abuja, Nigeria, Rights ABUJA, Lagos, Africa's

☆ Amazon built a data center empire in northern Virginia. Exclusive filings reveal it's using as much energy as a major city.
▼ + stars: | 2023-08-16 | by ( Daniel Geiger | Ellen Thomas | ) www.businessinsider.com time to read: +16 min

Amazon does not disclose how many data centers it occupies, where they are located, or how much electricity they consume. Many of Amazon's data centers listed in the permits have been built recently and some may still be under construction. "You cannot run a data center based on the variability of solar and wind," Boston said. Any producer of renewable energy can sell one REC for every megawatt hour of renewable energy it generates. Brady, the Cushman & Wakefield data center executive, said that data centers often match their backup generation to the capacity of a data center's power supply.

Persons: Shaolei Ren, David Ward, Abraham Silverman, Sean Brady, Glenn Youngkin, Steve Helber, Terry Boston, –, Ben Hertz, Wood Mackenzie, Andy Jassy Mike Blake, Amazon's, Priya Barua, We've, Barua, Blackstone, Weston Swenson, Brady, Swenson, Josh Levi Organizations: Amazon, Washington DC, Amazon Web Services, UC Riverside, Columbia University's Center, Global Energy, Cushman & Wakefield, Dominion Energy, France's, AP, Greenhouse Gas Initiative, Republican, State Corporation Commission, Boston, state's Department, Environmental, Reuters, Microsoft, Google, Apple, Clean Energy Buyers Association, Virginia's Department, Industry, Cushman &, Dominion, Data Center Coalition Locations: Virginia, New York City, Washington, Seattle, France, Ward, Northern Virginia, West Coast, Cushman & Wakefield, CBRE

☆ Two research teams detail advancements in transplanting pig kidneys to humans, marking key steps on path to clinical trials
▼ + stars: | 2023-08-16 | by ( Deidre Mcphillips | ) edition.cnn.com time to read: +5 min

CNN —New advancements in transplanting pig kidneys to humans, detailed by two separate research teams on Wednesday, mark key steps forward in the evolving field of xenotransplantation, the use of non-human tissues or organs to treat medical conditions in humans. Both research teams used genetically modified pig kidneys that were transplanted into recipients experiencing brain death in what is considered pre-clinical human research. Other studies have demonstrated that this can occur when pig kidneys are transplanted in non-human primates. The team has been monitoring pig kidney transplants in a brain-dead decedent – a man named Maurice Miller, known as Mo, who died of a brain tumor – for nearly two months. “Over the last 20 years, we’ve gained a lot of information about how pig kidneys work to replace the functions in primates.

Persons: ”, Jayme Locke, Locke, ” Locke, NYU Langone, Maurice Miller, Mo, Robert Montgomery, Dr, Sanjay Gupta, “ We’re, Adam Griesemer, we’ve, ’ –, we’re Organizations: CNN, University of Alabama, Birmingham Heersink School of Medicine, New York University, Health, Comprehensive Transplant Institute, ”, UAB, NYU, NYU Langone Transplant Institute, CNN Health, Liver Transplant, FDA, US Department of Health, Human, Transplantation Network

☆ Poland to hold biggest military parade in decades, as its clout in Europe grows
▼ + stars: | 2023-08-15 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +9 min

Kacper Pempel/ReutersPolish military vehicles are seen during a Saturday rehearsal for this week's parade in Warsaw. “Nobody is going to say that military security is not an important issue and that we shouldn’t be strengthening the military. With the UK out of the European Union and Germany still hesitant to take on a leadership role on Ukraine, Poland has sensed its opportunity. In November, two people were killed in eastern Poland, about four miles (6.4 kilometers) west of the Ukrainian border, by a Ukrainian missile defending against incoming Russian fire. Belarusian President Alexander Lukashenko asked the group to help train his country’s military, and earlier this month the two forces held joint training exercises near the Polish border.

Persons: Russian Wagner, Kacper Pempel, Pawel Supernak, ” Edward Arnold, Arnold, Aleks, ”, Jamie Shea, Putin, ” Arnold, ” Shea, Abrams, “, Dominika, Wagner, Alexander Lukashenko, Mariusz Blaszczak, Lukashenko Organizations: CNN, NATO, Poland’s Defense Ministry, Polish, Russia’s, Abrams, University of Sussex, University of Exeter, Chatham House, Eastern Europe …, European Union, Ukraine, United Nations, “, Polish Army, Getty, Kremlin . Locations: Poland, Belarus, Korean, Crimea, Ukraine, Russian, Kaliningrad, Warsaw, Russia, Polish, Soviet, North Korea, Iran, Communist Poland, England, East, Afghanistan, Central, Eastern Europe, Germany, France, Washington, Ukraine Poland, South Korea, Italy, Polanka Wielka, Ukrainian, Minsk

☆ The British navy is teaming up with the US to build a new 'Dreadnought' for a totally different battle at sea
▼ + stars: | 2023-08-13 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +8 min

The British Royal Navy is building a new class of nuclear-powered ballistic-missile submarines. The British subs will have the same missile compartment as the US Navy's new missile subs. At-sea deterrentThe Royal Navy submarine HMS Dreadnought in April 1963. The Royal Navy plans to commission HMS Dreadnought sometime in the early 2030s. In addition to being the largest British subs ever, the Dreadnought class will be one of the most expensive defense projects in British history.

Persons: SSPL, Royce, Christopher Furlong, King George VI ., Valiant, Warspite Organizations: British Royal Navy, British, Service, HMS, Dreadnought, Royal, Royal Navy, Ministry of Defense, Submarine, Agency, BAE Systems, Royce, Vanguard, UK, US, Trident, Columbia, CMC, US Navy's Trident, BAE, MoD Locations: Wall, Silicon, Britain, Faslane, US Navy Ohio, British, Barrow, Furness

☆ Chip shortage in Germany's car industry will last years - Audi manager
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +1 min

[1/3] Cars are pictured during morning rush hour on the A100 city highway in a Berlin, Germany, February 22, 2018. REUTERS/Fabrizio Bensch/File PhotoBERLIN, Aug 11 (Reuters) - Semiconductor shortages that have created bottlenecks for Germany's car industry will take years to resolve despite chipmakers' plans to build factories in the country, a senior Audi manager was quoted as saying on Friday. Executives and policymakers are re-thinking supply lines and trying to reduce reliance on a handful of Asian and U.S. chip suppliers. Chipmakers such as U.S. Intel (INTC.O) and Taiwan's TSMC (2330.TW) this year announced plans to build factories in Germany. It's about billions of dollars are being invested," Renate Vachenauer, head of procurement at Volkswagen-owned (VOWG_p.DE) Audi, was quoted as saying by Augsburger Allgemeine newspaper.

Persons: Fabrizio Bensch, chipmakers, Taiwan's TSMC, Renate Vachenauer, Vachenauer, Riham Alkousaa, Cynthia Osterman Organizations: REUTERS, Semiconductor, Audi, Intel, Volkswagen, Augsburger Allgemeine, Thomson Locations: Berlin, Germany, U.S

That includes a $35 million government procurement program for carbon removal credits, and funding for 14 feasibility studies and 5 engineering and design studies for earlier-stage hub projects. Worsening climate change and inadequate efforts to cut emissions have thrust carbon removal into the spotlight. Although most environmental activists acknowledge that carbon removal will be needed for global climate targets to be met, they are concerned companies could use carbon removal development to give fossil fuel companies cover to maintain production, especially in minority and low-income areas. Erin Burns, director of carbon removal advisory firm Carbon180, said the United States is positioning itself as a leader in this technology. "This is the first major federal investment from any country on carbon removal at this level," Burns said.

Persons: Worley, Jennifer Granholm, Vicki Hollub, Erin Burns, Carbon180, Burns, Valerie Volcovici, Gerry Doyle Organizations: Reuters, REUTERS, Occidental Petroleum Corp, WASHINGTON, U.S . Department of Energy, Department of Energy, DOE, Battelle, Climeworks Corporation, Carbon, Inc, South, South Texas DAC, Occidental 1PointFive, Carbon Engineering Ltd, DAC, Energy Department, United Arab, Occidental, Thomson Locations: Handout, Texas, Louisiana, Cypress, South Texas, Kleberg County , Texas, United Arab Emirates, United States

CNN —Ukrainian President Volodymyr Zelensky has dismissed all officials in charge of regional military recruitment centers amid a widespread corruption scandal. A scandal linked to the procurement of war-time supplies had already led to Zelensky firing a slew of senior Ukrainian officials at the start of the year, and prompted Ukraine’s deputy defense minister Viacheslav Shapovalov to resign after allegations of corruption surfaced in the media. “I have just held a meeting of the National Security and Defense Council,” he said in a video clip. “One key issue is the results of the inspection of military registration and enlistment offices. The National Anti-Corruption Bureau said it was investigating “high-profile media reports” into allegations that Ukraine’s defense ministry was buying military provisions, including food for the troops, at inflated prices.

Persons: Volodymyr Zelensky, Viacheslav Shapovalov, Zelensky, “, ”, ” Zelensky, Oleksii Symonenko, Ivan Lukerya, Nehoda, Vitalii Organizations: CNN, National Security and Defense Council, “, Corruption

☆ Amazon switches rockets for first test satellites to avoid launch delay
▼ + stars: | 2023-08-10 | by ( Joey Roulette | ) www.reuters.com time to read: +2 min

The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, November 15, 2022. Amazon last year announced plans to launch the satellite pair aboard the first flight of ULA's new Vulcan rocket, moving them off previously planned rockets from launch startup ABL Space to avoid delays in ABL's rocket development. But delays with Vulcan have prompted Amazon to again switch rides as the e-commerce giant faces a 2026 regulatory deadline to deploy half of the 3,200 satellites planned for its Kuiper internet network. ULA in 2021 stopped selling the Atlas V and has 19 more missions to fly before the rocket retires, ULA spokeswoman Jessica Rye said. It was unclear whether the Atlas V launch planned for September counts as one of the nine that Amazon previously procured.

Persons: Pascal, James Watkins, ULA, Jessica Rye, Joey Roulette, Leslie Adler, Aurora Ellis Organizations: REUTERS, Amazon.com Inc, Boeing, Lockheed, United Launch, Amazon, Vulcan, Elon Musk's SpaceX, Atlas V, NASA, Atlas, Thomson Locations: Lauwin, France, U.S, ULA

☆ Sony shares slide after earnings highlight concern about games, sensors
▼ + stars: | 2023-08-10 | by ( Sam Nussey | ) www.reuters.com time to read: +2 min

Operating profit slid 31% and comments by Sony executives over demand for its games and image sensors units also sparked concern. Despite an easing of those snarls, Sony said sales of were below expectations in the April-June quarter. It is targeting sales of 25 million units for the full year. Sony sold 3.3 million PS5 units in quarter. Adjustment to procurement by smartphone manufacturers is having a large impact in the second quarter, Sony said.

Persons: Issei Kato, Serkan Toto, Atul Goyal, Sam Nussey, Edwina Gibbs Organizations: Sony PlayStation, REUTERS, Sony, PlayStation, Kantan, Jefferies, Thomson Locations: Tokyo, Japan

☆ Altice’s beaten-up debt is only a bet for the bold
▼ + stars: | 2023-08-08 | by ( Pamela Barbaglia | ) www.reuters.com time to read: +6 min

REUTERS/Violeta Santos MouraLONDON, Aug 8 (Reuters Breakingviews) - Altice’s debt is a bet for the bold. Patrick Drahi’s telecoms group is sitting on a $60 billion debt burden, and faces rising borrowing costs and a corruption investigation. Drahi will therefore need to sell assets to cut debt, which starts to come due in 2025. Both Altice France and Altice International are trying to sell their data centre businesses, which could raise some 700 million euros, bankers say. Yet Altice France alone has some $19 billion of debt coming due by 2029.

Persons: Patrick Drahi, Violeta Santos Moura, Patrick Drahi’s, Drahi –, Armando Pereira, Altice, Drahi, “, ”, Pereira, Xavier Niel’s, Manuel Magalhaes e Silva, Altice International’s, Alexandre Fonseca, Neil Unmack, Oliver Taslic Organizations: French, REUTERS, Violeta Santos Moura LONDON, Reuters, Altice USA, Altice, Bouygues Telecom, Banco Espírito Santo, Public, Thomson Locations: Paris, France, Moroccan, Europe, United States, Portugal, Israel, Dominican Republic, Orange, Altice France, Banco Espírito, Portuguese, New York, London

☆ German arms maker takes Finland to market court over rifle choice
▼ + stars: | 2023-08-08 | by ( Anne Kauranen | ) www.reuters.com time to read: +3 min

[1/2] A soldier of the special forces unit KSK of Germany's army Bundeswehr holds the Heckler & Koch assault rifle G95/HK416 during a training exercise in Calw, Germany, October 24, 2022. REUTERS/Heiko Becker/File PhotoHELSINKI, Aug 8 (Reuters) - German gun maker Heckler & Koch has filed a complaint with the Finnish Market Court over Finland's direct arms purchase from a local manufacturer, bypassing competition rules, court documents seen by Reuters showed on Tuesday. Finland's defence forces said the procurement followed Finnish and EU exceptions to competition rules on the basis of national security interests. Contacted by Reuters, Heckler & Koch GmbH declined to comment on the proceeding and did not reveal if it had filed a similar complaint in Sweden. The Swedish Market Court or Stockholm's Administrative Court found no pending complaints by the German company in their registries.

Persons: Koch, Heiko Becker, Italy's Beretta, Heckler, Anne Kauranen, Christina Fincher Organizations: Bundeswehr, Heckler, REUTERS, Finnish Market Court, Reuters, EU, Sako, Finnish Defence Forces, RK, AK, Heckler & Koch, Nordic, NATO, Koch, Swedish, Thomson Locations: Calw, Germany, Sweden, Finnish, Sako, Finland, Swedish, Ukraine, Stockholm's

Fifteen employees have been put on leave in Portugal, France and the United States since news broke about the probe, which is currently limited to Portugal, said Drahi. Pressed by analysts on the call to lay out the role and extent of Pereira's involvement within the Altice group, Drahi said Pereira, whom he hired in 2003, had not held any stake in any Altice entity since 2005. Altice International, the entity that owns telecoms firm PT Portugal, is owned by Drahi's personal holding Next. The other two entities are Altice USA and Altice France, home to France's second biggest telecoms firm SFR. The debt has come under further pressure since Pereira's July detention, with longer-term debt issued by Altice France trading around 80 cents to the euro while those of Altice France Holding trade around 40 cents to the euro.

Persons: Patrick Drahi, Violeta Santos Moura, Drahi, Armando Pereira, Pereira, Altice, Mathieu Rosemain, Yoruk Bahceli, Ingrid Melander, Silvia Aloisi, Conor Humphries Organizations: French, REUTERS, Altice, PT Portugal, Altice International, Thomson Locations: Paris, France, Portugal, United States, Altice France

☆ As the drone battle in Ukraine unfolds, the US Army is scrambling to get its soldiers a new one-way tank-buster
▼ + stars: | 2023-08-07 | by ( Michael Peck | ) www.businessinsider.com time to read: +5 min

The US Army is rushing to develop its own tank-killing drone that soldiers can carry into combat. The weapon will be a loitering munition, a type of drone being used widely in the war in Ukraine. Though loitering munitions such as the US-made Switchblade have been around for years, they have seen their most prolific use in Ukraine. Russia has used military-grade Lancet 3 loitering munitions to hunt Ukrainian artillery and disrupt Ukraine's counteroffensive. What is also interesting about LASSO is that the Army is emphasizing it as an anti-armor weapon.

Persons: LASSO, Narciso Contreras, Oleksii, David Hambling, Russia's, Michael Peck Organizations: US Army, Service, Army's Infantry Brigade, Army's, Executive, Department of Defense, Anadolu Agency, Getty, Army, Marine Corps, Command, Defense, Foreign Policy, Twitter, LinkedIn Locations: Ukraine, Wall, Silicon, Ukrainian, Russia, Afghanistan, Russian, Kyiv, Forbes

☆ Gazprom subsidiary files $472-million lawsuit against UniCredit in Russia
▼ + stars: | 2023-08-07 | by ( ) www.reuters.com time to read: +1 min

Unicredit Bank logo is seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration/File PhotoMOSCOW, Aug 7 (Reuters) - RusKhimAlyans, 50%-owned by Russian gas giant Gazprom (GAZP.MM), has filed a lawsuit seeking 45.7 billion roubles ($472 million) from Italy's UniCredit [RIC:RIC:UCCDB.UL], a guarantor of a project held up by EU sanctions, Russian court documents show. The court documents were filed at the Court of Arbitration of St Petersburg and the Leningrad Region. In January, the same court ordered nearly $500 million of assets belonging to Linde , to be frozen at RusKhimAlyans's request. ($1 = 96.8150 roubles)Reporting by Elena Fabrichnaya; Writing by Alexander Marrow; Editing by Kevin LiffeyOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Linde, Elena Fabrichnaya, Alexander Marrow, Kevin Liffey Organizations: REUTERS, Gazprom, Deutsche Bank, Linde, Industries, Ust, Thomson Locations: Petersburg, Leningrad Region, Baltic, Ust, Russia, Ukraine

☆ Russia's war is coming home as drone strikes hit Moscow. What does it mean for the conflict?
▼ + stars: | 2023-08-05 | by ( Rob Picheta | ) edition.cnn.com time to read: +10 min

London CNN —Ukrainian drone strikes taking place inside Russia once seemed an unthinkable prospect. A string of drone strikes have peppered Russian cities including Moscow throughout the summer. A damaged building in Moscow following last weekend's drone strikes. But anecdotal accounts at least speak to the impact of drone strikes on those in the vicinity of the attacks. But after almost eighteen months of disorganization and discord, the reality that Russia’s military plans are flailing has been increasingly hard to deny.

Persons: Volodymyr Zelensky, “, ”, Evgenia Novozhenina, ” Douglas Barrie, Mykhailo Fedorov, ” Keir Giles, we’ve, ” Giles, Barrie, ” Barrie, Stringer, Yurii, “ There’s, Vladimir Putin’s, Yuri Kochetkov, Shutterstock, June’s Wagner, Russia –, Karine Jean, Pierre Organizations: London CNN, Kyiv, Kremlin, Reuters, Military Aerospace, International Institute for Strategic Studies, CNN, Transformation Ministry, “ Army, Drones, Chatham House, “, West, NATO, Getty, Russia Kyiv, Ukraine’s Air Force, Institute for Locations: Ukrainian, Russia, Moscow, Reuters Ukraine, Kyiv, Ukraine, AFP, Kremlin, Russian, United States

☆ US Navy stealth destroyer Zumwalt's deck guns are basically useless, but it's on its way to get new hypersonic missile launchers
▼ + stars: | 2023-08-04 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +4 min

Destroyer USS Zumwalt has long had problems with its main deck guns, which don't have any ammunition. The Zumwalt is changing homeports to receive upgrades including a new hypersonic missile system. US Navy guided-missile destroyer USS Zumwalt arrives in Yokosuka for a port visit, September 26, 2022. Unlike China and Russia, the US does not currently have any hypersonic weapons systems deployed. True hypersonic weapons pose a new and potentially unstoppable threat due to their ability to maneuver unpredictably at these speeds.

Persons: Zumwalt, Seaman Darren Cordoviz, Michael Monsoor, Lyndon, Johnson Organizations: Service, US Navy, Ingalls Shipbuilding, Huntington Ingalls Industries, Navy, Systems, US, Army, CPS Locations: Wall, Silicon, San Diego , California, Pascagoula , Mississippi, Ingalls, Yokosuka, Hawaii, China, Russia, Virginia

☆ South Korean defense stocks power ahead as overseas interest grows for weapon systems
▼ + stars: | 2023-08-04 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +6 min

In this handout image released by the South Korean Defense Ministry via Dong-A Daily, a missile is fired during a joint training between the United States and South Korea on June 6, 2022 in East Coast, South Korea. South Korean Defense Ministry | Getty ImagesSouth Korean defense stocks have recorded stellar gains over the past 12 months, with one stock soaring more than 60% as tensions on the Korean Peninsula accelerate. The company manufactures air defense systems, armored fighting vehicles and artillery systems. Escalating tensions in the Korean Peninsula have also kept interest in South Korean weapon platforms high. Tech and industrial baseMorgan Stanley is optimistic about the outlook for the South Korean defense industry.

Persons: Ukraine —, Morgan Stanley, National Defense Mariusz Blaszczak, Maffei, Janes, Youngsoo Han, Kayoung Lee, KAI, Victor Cha, Cha, Yoon Suk Organizations: South Korean Defense Ministry, Getty, Hanhwa Aerospace, Hanhwa Group, Peace Research Institute, The, North, South Korea —, South Korean, K9, Hyundai Rotem, Korea Aerospace Industries, Korean, Poland's, National Defense, Nikkei, NATO, Krauss, South, FA, Samsung Securities, ., Center for Strategic, International, CNBC Locations: United States, South Korea, East Coast , South Korea, Ukraine, South, Stockholm, The U.S, East, Europe, Korean, U.S, Jeju, North Korea, Asia, Russia, Poland, Polish, South Korean, Malaysia, . Tech, Korea

☆ What Japanese potato chip maker Calbee learned from a potato shortage
▼ + stars: | 2023-08-04 | by ( Michelle Toh | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —What happens when Asia’s biggest potato chip maker runs out of potatoes? Pepsi (PEP) controls about 24% of the region’s potato chip market, while Calbee has about 12%, according to data from Euromonitor International. But the area was ravaged by drought in 2021, and the firm’s domestic potato supply fell by 8% and 14% in the 2021 and 2022 fiscal years, respectively. Calbee tried to make up for the shortfall by importing more from the United States, which normally accounts for the remaining 10% of its potato supply. “Staying available on shelves is essential, not just to compete with other potato chip brands but also with other types of snacks.”

Persons: ”, Makoto Ehara, Noriko Hayashi, Calbee, Ehara, it’s, Keiei Sho, Sho, Emil Fazira Organizations: Hong Kong CNN, CNN, Bloomberg, Getty, Pepsi, Euromonitor, United Nations, Food, Agriculture Organization, FAO, Walmart Locations: Hong Kong, Tokyo, Asia, Brazil, Ukraine, Japan, Hokkaido, United States, Pacific Northwest, ”, America, Europe, China, Indonesia, Asia Pacific

☆ Drought threatens major European river trade route with ripples across the continent
▼ + stars: | 2023-08-04 | by ( Lucy Handley | ) www.cnbc.com time to read: +3 min

Barges of coal at the inland harbor in Duisburg, on the river Rhine in Germany, on Thursday, July 20 2023. The river Rhine, an important trade route that runs through Germany via European cities to the port of Rotterdam, has become shallower at critical points. As water levels go down, a vessel's capacity reduces and shipping costs rise, with prices increasing as rivers become shallower. Water levels at Kaub are closely followed, and if they fall too low, vessels have to sail with reduced loads. Ben Kilb | Bloomberg | Getty ImagesFalling water levels can "significantly impair" manufacturing output, according to the Kiel Institute for the World Economy (IFW).

Persons: Ben Kilb, Lloyd, Tim Beckhoff, we've, Marc Schattenberg, Schattenberg, Beckhoff, Goarshausen Organizations: Bloomberg, Getty, Maersk, Hapag, McKinsey, CNBC, Deutsche Bank ., Deutsche Bank, Kiel Institute Locations: Duisburg, Germany, Europe, Rotterdam, Kaub, Frankfurt, Karlsruhe, St

☆ Coca-Cola bottler bulks up challenged empire
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +2 min

MILAN, Aug 2 (Reuters Breakingviews) - The world’s largest maker of Coca-Cola bottles is growing bigger. Pouncing on Coca-Cola Beverages Philippines, which Coca-Cola (KO.N) itself is selling, is a no-brainer. The $267 billion U.S. drink maker run by James Quincey is offloading its bottling manufacturing around the world to concentrate on its ubiquitous products. At just over 1 times 2022 sales, the price tag looks cheap compared to CCEP’s own nearly 2 times multiple. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: James Quincey, CCEP, Damian Gammell, Lisa Jucca, Aston Martin, Neil Unmack, Oliver Taslic Organizations: MILAN, Reuters, Cola Europacific Partners, Aboitiz Equity Ventures, Cola Beverages Philippines, Twitter, Thomson Locations: Philippines, Japan, India

It left us with nothing," Zuhaira told Reuters. The speed of the wind was a factor in the excessive spread of the fires," Qatna told Reuters during a tour of the area. [1/5]A firefighter attempts to extinguish a wildfire, in the northern countryside of Latakia, Syria July 29, 2023. Syria has been severely impacted climate change in recent years, including rising temperatures and erratic rainfall which have led to forest fires and poor harvests. "Syrians were already especially vulnerable because of the impacts of more than 12 years of conflict, which makes it even harder for them to deal with the impacts of climate change," Zakkout told Reuters.

Persons: Izzadin Zuhaira, I've, Zuhaira, Mohammad Hassaan Qatna, Qatna, Suhair Zakkout, Zakkout, Firas Makdesi, Maya Gebeily, Bernadette Baum Organizations: Reuters, Firefighters, REUTERS, International Committee, Thomson Locations: Syria, Latakia, Homs, Hama, Damascus, Beirut

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