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CNN —Three drones were intercepted in “Moscow City” in an attempted attack on Sunday on the business and shopping development in the west of the Russian capital, Russia’s Ministry of Defense said. Russian state news agency TASS reported the attack, attributing it to security sources. Second drone attack in a weekSunday’s drone attack was the second reported in Moscow in the past week. Ukrainian forces carried out drone strikes on July 24, Ukrainian officials confirmed with CNN, adding that security forces were responsible for the strike. Russian officials said it was a “terrorist attack of the Kiev regime.”Ukrainian Minister Mykhailo Fedorov whose Digital Transformation Ministry oversees the country’s “Army of Drones” procurement plan, said there would be more strikes to come.
Persons: , , Yurii Malashko, Mykhailo Fedorov, Stringer, Vladimir Putin, Putin Organizations: CNN, , Russia’s Ministry of Defense, Defense Ministry, Russia’s Defense Ministry, TASS, Interior Ministry, Transformation Ministry, “ Army, Drones Locations: “ Moscow, Russia’s, Odintsovo, Moscow, Moscow City, Russia, Crimea, Ukraine, Russian, Ukrainian, Sumy, Zaporizhzhia, Kiev, Russian Africa, St . Petersburg
WELLINGTON, July 27 (Reuters) - U.S. Secretary of State Antony Blinken said on Thursday the door was open for New Zealand to engage with the AUKUS weapons development and procurement project between the United States, Britain and Australia. The multi-stage AUKUS project announced in March is planned to culminate in the late 2030s and early 2040s with British and Australian production and operation of a new submarine class - SSN-AUKUS - and include "cutting edge" U.S. technologies. "The door's very much open for New Zealand and other partners to engage as they see appropriate going forward," Blinken told a news conference in Wellington. And so as we further develop AUKUS, as I said, the door is open to engagement." Blinken is New Zealand for just over a day as part of a three-country visit to the Pacific.
Persons: Antony Blinken, Blinken, Chris Hipkins, Nanaia Mahuta, , Mahuta, Renju Jose, Alasdair Pal, Stephen Coates Organizations: WELLINGTON, British, New, New Zealand, Thomson Locations: Zealand, United States, Britain, Australia, New Zealand, Wellington, Pacific, Solomon Islands, Solomon, Sydney
Sweetgreen on Thursday reported quarterly sales that fell short of Wall Street's expectations, but narrowing losses. The company reported an adjusted EBITDA of $3.3 million, swinging from a loss of $7.8 million in the year-ago period. For 2023, Sweetgreen now expects restaurant-level margins of 16% to 18%, up from its prior range of 15% to 17%. It also expects adjusted EBITDA in a range of a $10 million loss to breaking even. The company previously said is adjusted EBITDA would be a loss of $13 million to $3 million.
Persons: Jonathan Neman, Sweetgreen Organizations: CNBC Locations: Neman
The German group’s Audi subsidiary will also work more closely with its existing partner, SAIC Motor, China’s biggest car maker. Shares in Xpeng jumped more than 30% Thursday in Hong Kong, leading a broad rally in Chinese EV stocks. China is the single largest market for Volkswagen, accounting for about 40% of its global sales and half of its profits. In the first quarter of 2023, BYD, the Chinese EV maker backed by Warren Buffett, surpassed Volkswagen to become the largest brand by sales in China, according to official car insurance registration data. The German car maker said it would strengthen its strategic position in China, including beefing up its capacity for e-mobility, digitalization and autonomous driving.
Persons: , Ralf Brandstätter, Xpeng, Warren Buffett, It’s Organizations: Hong Kong CNN, Volkswagen, VW, Audi, SAIC, China’s, “ Volkswagen Locations: Hong Kong, German, Xpeng, China, Xinjiang, Germany, BYD, Europe, Hefei, Anhui, Hefei city
China's Sunwoda plans $274.7 mln Hungarian battery plant
  + stars: | 2023-07-27 | by ( ) www.reuters.com   time to read: +1 min
BEIJING, July 27 (Reuters) - China's Sunwoda Electronic (300207.SZ) plans to build a power battery factory in Hungary for electric vehicles, with initial investment of up to 1.96 billion yuan ($274.71 million), as Chinese battery makers expand in the European market. Sunwoda, a smaller player among Chinese battery makers, counts Xpeng (9868.HK), Mercedes (MBGn.DE) and Guangzhou Automobile Group (601238.SS) among its biggest clients. Its move comes as Chinese battery suppliers shake up Europe's e-mobility supply chains by setting themselves up on the continent. Chinese market leader Contemporary Amperex Technology (CATL) (300750.SZ) is building a 7.3 billion euro ($8.13 billion) battery plant, also in Hungary, following its first European production site in Germany. ($1 = 7.1380 Chinese yuan renminbi)($1 = 0.8977 euros)Reporting by Ethan Wang, Zhang Yan and Ryan Woo; Editing by Christian Schmollinger and Emma RumneyOur Standards: The Thomson Reuters Trust Principles.
Persons: Sunwoda, Ethan Wang, Zhang Yan, Ryan Woo, Christian Schmollinger, Emma Rumney Organizations: Shenzhen Stock Exchange, HK, Mercedes, Guangzhou Automobile Group, Amperex Technology, EVE Energy, Energy, Thomson Locations: BEIJING, Hungary, Germany, Thailand
The chief executive of Airbus has called a lack of European collaboration on major defense projects following Russia's full-scale invasion of Ukraine "frustrating." "That's very challenging, and it's quite frustrating to see that the responses that have been provided so far are mostly of a national nature and not much of a European nature," he said Wednesday. "That's something we think Europe should reconsider and be more consistent, when it comes to working together on large programs." Earlier this month, Michael Schoellhorn, Airbus' defense chief, said in a Financial Times interview that political discussions about steps toward European defence programs had so far been "lip service." Airbus results Wednesday showed that revenues at its defense and space division fell 8% which it attributed to "delays in Space Systems and delivery phasing in Military Air Systems."
Persons: Guillaume Faury, CNBC's Charlotte Reed, Faury, Michael Schoellhorn, Schoellhorn Organizations: Airbus, Air System, Financial Times, Space Systems, Military Air Systems Locations: Ukraine, France, Germany, Europe, European
Last week, total rail volume from Canada to the U.S. was down 12%, according to The Association of American Railroad's latest rail traffic report for the week ending July 22. This was an improvement given the first full week of the strike saw a 46% decrease in rail trade from Canada, and the second week suffered a 36% decrease. Rail traffic from Canada into the U.S. had a third-straight weekly drop as a result of the on-again, off-again strike at the West Coast Canadian ports. When the first strike ended on its thirteenth day, delays for rail containers were estimated at 39 to 66 days. Adding another day with the on-again, off-again strike last week, brings the congestion removal tally up to 42-70 days.
Persons: Port of Prince Rupert, Doug Macdonald, Rupert, Blaine Davidson, Terri Shimensky, Shimensky, Eric Byer, Byer, NACD Organizations: The Association of American, West Coast, Railway Association of Canada, CNBC, The Railway Association of Canada, Port, National Association of Chemical Distributors, CN, U.S ., Railroads, Canada, Association of American Railroads Locations: Canada, Port of Vancouver, Port of, Vancouver, Ohio, of Long, U.S . West Coast, U.S, Chicago, West
The new market-based pricing system will also encourage distributors like ENN and China Gas that are expanding into global gas trading to look at importing LNG. "The policy will help the whole (gas) distribution sector and restore utilities' profitability," said Tan Yuwei, general manager of capital management at China Gas Holdings. Shares for listed gas utility companies briefly reversed this year's trend downwards after the policy was announced, but they remain under pressure from lacklustre industrial demand and China's struggling economy. China in recent years has liberalized natural gas prices by allowing distributors to pass costs on to industrial and commercial customers, although Beijing maintained tight control over household prices to avoid a consumer backlash. "This policy reform will result in more reasonable downstream gas prices in China, which will encourage city gas utilities to increase purchases from upstream importers," said Yi Cui, an analyst with consultancy Rystad Energy, referring to Chinese national oil companies.
Persons: COVID, Tan Yuwei, Tan, Yi Cui, Chen Aizhu, Emily Chow, Andrew Hayley, Tom Hogue Organizations: ENN Energy Holdings, HK, China Gas Holdings, China Resources Gas, Shanghai Gas, Chongqing Gas, Changchun Gas, China Gas, National Development, Reform Commission, China Gas Association, Rystad Energy, Beijing, Thomson Locations: SINGAPORE, BEIJING, China, Changchun, Qingdao, Nanjing, Shijiangzhuang, Lanzhou, Hubei, Guizhou, Shaanxi, Beijing, Hebei, Singapore
Volkswagen and Xpeng will jointly develop two new VW-brand EVs for China based on Xpeng's electric G9. Volkswagen said Wednesday that it has signed a deal to jointly develop two new electric vehicles for China with Chinese EV maker Xpeng . As part of the deal, Volkswagen will invest about $700 million in Xpeng, taking a 4.99% stake. In a separate statement confirming the deal, Xpeng said the two new vehicles will also incorporate its advanced driver-assist software. Volkswagen also confirmed that its Audi subsidiary has signed a separate deal with its longtime Chinese joint venture partner, Shanghai-based SAIC Motor , to jointly develop new Audi-branded EVs for the Chinese market.
Persons: Xpeng, Ralf Brandstätter Organizations: Xpeng, VW, Volkswagen, Chinese, EV, Audi, SAIC Locations: China, Xpeng, U.S, Shanghai
Factbox: Key moves in Justin Trudeau's cabinet shuffle
  + stars: | 2023-07-26 | by ( ) www.reuters.com   time to read: +3 min
OTTAWA, July 26 (Reuters) - Canadian Prime Minister Justin Trudeau shuffled his cabinet on Wednesday, appointing new heads at 30 of the 38 ministries, adding seven new faces. Bill Blair took over as defense minister, his fourth cabinet post under Trudeau since 2018, where he will oversee military efforts to help Ukraine and reinforce NATO. The former Toronto police chief, 69, had previously been in charge of border security, public safety and then emergency preparedness. Marc Miller, 50, was promoted to immigration minister from crown indigenous relations. Fraser, 39, had been immigration minister since October 2021.
Persons: Justin Trudeau, Anita Anand, Anand, Bill Blair, Trudeau, Dominic LeBlanc, Marco Mendicino, Marc Miller, Sean Fraser, Mark Holland, Jean, Yves Duclos, Pablo Rodriguez, Arif Virani, David Lametti, Mona Fortier, Mendicino, David Ljunggren, Steve Scherer, Deepa Babington Organizations: OTTAWA, Canadian, WHO, Treasury Board, NATO, Toronto police, Liberal, Canadian Heritage, Treasury, Thomson Locations: Ukraine, Fraser, Ontario
One well-placed Liberal source said Defence Minister Anita Anand was in the running to take over at Treasury Board, which has overall control of government spending. The Liberal source said seven ministers would be leaving the cabinet. The Canadian Broadcasting Corp, which also said seven would go, named Justice Minister David Lametti and Public Safety Minister Marco Mendicino as among the departees. Transport Minister Omar Alghabra, 53, said he would leave the cabinet immediately and not run in the next election. Public Procurement Minister Helena Jaczek, 72, and Fisheries Minister Joyce Murray, 69, said they also would not run again.
Persons: Justin Trudeau's, Trudeau, Chrystia Freeland, Francois, Philippe Champagne, Anita Anand, David Lametti, Marco Mendicino, Omar Alghabra, Helena Jaczek, Joyce Murray, Carolyn Bennett, Alghabra, David Ljunggren, Paul Simao, Jonathan Oatis Organizations: OTTAWA, Liberal Party, Innovation, Treasury Board, Liberal, Canadian Broadcasting Corp, Public Safety, Public Procurement, Fisheries, Mental, New Democrats, Thomson Locations: Jaczek
[1/2] The roof of a Pfizer facility shows heavy damage after a tornado passed the area in Rocky Mount, North Carolina, U.S. July 19, 2023. ABC Affiliate WTVD via REUTERSJuly 21 (Reuters) - Most of the tornado damage at Pfizer Inc's (PFE.N) Rocky Mount, North Carolina plant was to the warehouse and not manufacturing facilities, CEO Albert Bourla said on Friday, easing concerns about long-term drug shortages from the plant. Nonetheless, Bourla told a news conference in Rocky Mount that it will be a monumental task to repair the damage. "We are moving full speed to bring this manufacturing plant into action again," Bourla said, noting that crews were working to restore power to the plant. The Rocky Mount plant is one of the largest factories for sterile injectable medicines in the world.
Persons: Albert Bourla, Bourla, Soumi Saha, Saha, Lisa Mulloy, Erin Fox, David Ljunggren, Michael Erman, Shivani Tanna, Rami Ayyub, Doina Chiacu, Cynthia Osterman, Diane Craft Organizations: Pfizer, ABC, WTVD, REUTERS, Pfizer Inc's, U.S, American Society of Health, System Pharmacists, U.S . Food, Drug Administration, FDA, Premier Inc, University of Utah Health, Thomson Locations: Rocky Mount, North Carolina, U.S, Rocky, Bengaluru
The Booz Allen Hamilton Holding Corporation building is pictured in Los Angeles, California, U.S., March 29, 2017. REUTERS/Mike Blake/File PhotoWASHINGTON (Reuters) - U.S.-based consulting firm Booz Allen Hamilton Holding agreed to pay the United States $377.4 million to resolve allegations of violating federal law by improperly billing commercial and international costs to its government contracts, the Justice Department said. Under government contracting rules, there must be a nexus between the costs charged to a government contract and the objective of the contract, the Justice Department said on Friday. U.S. Attorney Matthew Graves for the District of Columbia described the settlement as “one of the largest procurement fraud settlements in history.”The government charged that from 2011 to 2021, Booz Allen improperly allocated indirect costs associated with its commercial and international business to its government contracts and subcontracts that either had no relationship to those contracts and subcontracts or were allocated to those contracts and subcontracts in disproportionate amounts. The company released a separate statement on the settlement on Friday, saying it entered the agreement to avoid protracted litigation and added that it was not an admission of liability.
Persons: Booz Allen, Mike Blake, Matthew Graves Organizations: Booz, Booz Allen Hamilton Holding Corporation, REUTERS, WASHINGTON, Booz Allen Hamilton Holding, Justice Department, Justice, U.S, District of Columbia Locations: Los Angeles , California, U.S, States
July 21 (Reuters) - Pfizer Inc(PFE.N) CEO Albert Bourla said on Friday that tornado damage this week had almost completely destroyed the drugmaker's warehouse at its Rocky Mount, North Carolina, plant, but that production facilities there do not seem to have suffered damage. "It appears that most of the damage sustained at the site was at our warehouse ... the facilities that are producing, (it) doesn't seem that they have suffered any damage." In the meantime, the company is working to identify alternative manufacturing locations for production around the U.S. Nearly 25% of Pfizer's sterile injectables used in U.S. hospitals are produced there, according to the company's website. "There are so many shortages already," said Erin Fox, senior director of drug information at University of Utah Health.
Persons: Albert Bourla, Bourla, Soumi Saha, Saha, Erin Fox, Lisa Mulloy, David Ljunggren, Michael Erman, Rami Ayyub, Doina Organizations: Pfizer Inc, Engineers, U.S, Products, Premier Inc, American Society of Health, System Pharmacists, Pfizer, University of Utah Health, Thomson Locations: North Carolina, Rocky, U.S
Verse, a startup using AI and optimization for clean energy procurement, just raised $5.75 million. A startup using generative AI to help businesses buy renewable electricity has just secured a $5.75 million seed round from growth investor Coatue. Switching to renewable energy is fundamental in decarbonization as energy makes up the bulk of annual carbon emissions; two-thirds of energy still comes from fossil fuels. Many do this by purchasing renewable energy credits, which certifies that they have paid for green energy, but they have faced controversy for double counting. Clean energy procurement lacks dedicated tools and comes with "massive" overheads, which is exactly what Verse wants to change, cofounder and CEO Seyed Madaeni told Insider.
Persons: Seyed Madaeni, Madaeni, Rangwalla, Climeworks, Matt Rogers Organizations: Microsoft, Meta, Google, Excel, MCJ, Firstminute, Collaborative Fund, Incite.org Locations: San Francisco
PVcase, a software startup making it easier and faster to design solar projects, just raised $100 million. A solar design software startup has just raised $100 million in fresh funds. Lithuanian startup PVcase, which was founded in 2018, helps engineers plan and design solar energy projects via its software-as-a-service 3D modeling platform. The continued growth of solar meant that it's increasingly complex to develop big projects, Trainavicius said. PVcase could also include maintenance features when solar projects are up and running, such as predictive fixes.
Persons: Deividas Trainavicius, Trainavicius, it's, PVcase, What's Organizations: Lithuanian, Energize Ventures, Project Locations: Highland Europe, Lithuanian
The US began ramping up ammunition production last year when it became clear that the war would drag on far longer than anticipated. But the ammunition will still take “years” to mass produce to acceptable levels, National Security adviser Jake Sullivan told CNN Sunday. Ukrainian troops now typically fire between 2,000 and 3,000 artillery shells per day at Russian forces, a US defense official told CNN. It was necessary, though, because of how low US stockpiles are, Sullivan told CNN Sunday. “All of us have had to struggle stimulating our supply chains, some of which went to sleep,” he told CNN.
Persons: Ben Wallace, that’s, Jake Sullivan, haven’t, , Defense Lloyd Austin, John Kirchhofer, Mark Milley, Joe Biden, Sullivan, Biden, , , ” Sullivan, ” Nebraska Republican Sen, Deb Fischer, Lockheed Martin, Fischer, ” Fischer, I’m, , Ellen Lovett, ” Lovett, ” Wallace, ” Said, Volodymyr Zelenskyy, Recep Tayyip Erdogan, Rishi Sunak, Murat Kula, Charles Q, Brown, Jr Organizations: Washington CNN, NATO, CNN, US, National, CNN Sunday, Pentagon, The Defense Department, EyePress, Reuters, Defense, Defense Intelligence Agency’s, Joint Chiefs, Staff, National Press Club, ” Nebraska Republican, Senate’s Armed Services, Lockheed, , Britain's, Anadolu Agency, Getty, European Union, EU, DoD, US Air Force, Joint Chiefs of Staff, Defense Industrial Base Locations: Europe, Ukraine, Russia, Berlin, Swiss, Germany, Switzerland, Ukrainian, Kreminna, Luhansk, , United States, Vilnius
On Tuesday, the Biden administration announced it’s moving to implement a cybersecurity labeling program aimed at helping consumers pick out trustworthy tech products that are rated as more secure than the competition. Products certified under the new program may come with a QR code that links to a national database affirming its participation, the administration added in a release. “This new labeling program would help provide Americans with greater assurances about the cybersecurity of the products they use and rely on in their everyday lives,” the administration said in a statement. “It would also be beneficial for businesses, as it would help differentiate trustworthy products in the marketplace.”The government proposal comes two years after President Joe Biden signed an executive order calling for an “‘energy star’ type of label” for tech products. “Market forces alone were never going to be sufficient to force manufacturers to step up and deliver more secure devices,” he said.
Persons: Biden, it’s, , cybersecurity, , Joe Biden, Dave DeWalt, “ We’ve Organizations: CNN, National Institute of Standards, Technology, NIST, House, Products, Twitter, PayPal, Federal Communications Commission, FCC, Colonial Pipeline, Companies, Amazon, Cisco, Google, LG, Logitech, Samsung, Consumer Technology Association
"U.S.-China competition is on the same starting line," Chipuller chairman Yang Meng said about chiplet technology in an interview with Reuters. "They can still develop 3D stacking or other chiplet technology to work around those restrictions. Beijing is rapidly exploiting chiplet technology in applications as diverse as artificial intelligence to self-driving cars, with entities from tech giant Huawei Technologies to military institutions exploring its use. About a quarter of the global chip packaging and testing market sits in China, according to Dongguan Securities. Huawei, China’s tech and chip design giant that has been put on the U.S.'s most restricted list, has been actively filing chiplet patents.
Persons: Yang Meng, Charles Shi, Needham, Yang, Needham's Shi, Chipuller, Laura Black, Melissa Mannino, Perry Bechky, Rowe, Mike Gallagher, Biden, , Chipuller's Yang, zGlue, CFIUS, Shayne Phillips, MIIT, Jane Lanhee Lee, Eduardo Baptista, Echo Wang, Stephen Nellis, Kenneth Li, Brenda Goh, Lincoln Organizations: Chipuller, Industry, Reuters, Huawei Technologies, Intel, Dongguan Securities, People’s Liberation Army, PLA, Acclaim, British, Islands, Sea Investment Co, Foreign Investment, Treasury, Akin's Trade, Berliner Corcoran, Department of Commerce, Huawei, U.S, TongFu Microelectronics, JCET, Beijing ESWIN Technology Group, China’s Ministry of Industry, Information Technology, Thomson Locations: Shenzhen, China, U.S, United States, Japan, South Korea, Taiwan, Beijing, Dongguan, BakerHostetler, People's Republic of China
The total value of the purchases is expected to be around 800 billion rupees ($9.75 billion), according to one of the sources. Earlier this year, the government proposed a 13% hike in defence spending to 5.94 trillion rupees for the 2023-24 financial year. The marine version of Dassualt's Rafale jets, intended for India's first indigenous aircraft carrier commissioned last year, outperformed the American Superhornet F18s in tests last year for Indian requirements. India has relied on French fighter jets for four decades now. In 2005, India bought six Scorpene-class diesel submarines from France for 188 billion rupees ($2.29 billion), the last of which will be commissioned next year.
Persons: Narendra Modi's, Rajnath Singh, Modi, Singh, Krishn Kaushik, Tanvi Mehta, Kim Coghill Organizations: Rafale, Defence, procurements, Dassault Aviation, Mazagon, France's Naval Group, Mirage, Thomson Locations: DELHI, France, Paris, Pakistan, China, India
Companies NextDecade Corp FollowJuly 13 (Reuters) - NextDecade Corp shares (NEXT.O) fell 23% on Thursday on investor worries over the terms of $18.4 billion financing the U.S. liquefied natural gas developer obtained to go ahead with the long-delayed Phase 1 of Rio Grande LNG export facility. NextDecade said its financial partners and TotalEnergies combined will hold stake that could fetch them at least 79.2% of the cash flow generated from Phase 1 of the project. It also said the lump-sum turnkey engineering, procurement and construction contracts of $12 billion were lower than its forecast of $12.5 billion. "Investors are looking at the huge portion of cash flow that the new project level investors get relative to the equity holders and don't love that," said Sean Morgan, an analyst at Evercore. NextDecade is expected to produce 27 million tonnes of LNG a year from the facility.
Persons: NextDecade, TotalEnergies, TD Cowen, Sean Morgan, Arshreet Singh, Shweta Agarwal Organizations: NextDecade, NextDecade Corp, Evercore, Thomson Locations: Rio Grande LNG, United States
US National Security Council Coordinator for Strategic Communications John Kirby speaks during the daily briefing in the James S Brady Press Briefing Room of the White House in Washington, DC, on June 5, 2023. Chinese intelligence hacked into Microsoft email accounts belonging to two dozen government agencies, including the State Department, in the United States and Western Europe in a "significant" breach, according to Microsoft and U.S. national security officials. "The Senate Intelligence Committee is closely monitoring what appears to be a significant cybersecurity breach by Chinese intelligence," Sen. Mark Warner, D-VA, and chair of the Select Committee on Intelligence said Wednesday. The compromise was "mitigated" by Microsoft cybersecurity teams after it was first reported to the company in mid-June 2023, Microsoft said in a pair of blog posts about the incidents. It's also a timely example of the kind of threat that U.S. national security officials have been warning about for months and years.
Persons: Strategic Communications John Kirby, James, Brady, Sen, Mark Warner, Mandiant, Charles Carmakal, Adam Hodge, Covington Organizations: National Security, Strategic Communications, White, Microsoft, State Department, Senate Intelligence, Intelligence, U.S, Warner, of State, CNBC, National Security Council, FBI, Infrastructure Security Agency, Security, Wall Street Locations: Washington ,, United States, Western Europe, China, Burling, Guam, It's, U.S
In mid-2020 Rome secured the lion's share of a 724-billion-euro kitty aimed at helping EU members emerge from COVID greener and more tech-friendly. Italy's 191.5 billion euros ($210 billion) of cheap loans and grants, to be received in tranches through 2026, was intended for productive investments in the bloc's most chronically stagnant economy. MICRO-PROJECTSMore than half the EU money is meant to go on digitalisation and ecological transition, with the rest devoted to sustainable transport, education, social cohesion and health. The government is still awaiting a 19-billion-euro tranche of the EU funds blocked in March over missed policy targets stemming from 2022. It brings Italy's byzantine rules closer to EU standards, but Gobbato said people will initially find it hard to adapt.
Persons: Flavio Lo Scalzo, Rome, Roberto Perotti, Giorgia Meloni, Mario Draghi, Giuseppe Conte, Carlo Messina, Intesa, Vittorio Soldavini, Davide Carlucci, It's, Gustavo Piga, Rome's, Ilaria, Dentons, Gobbato, Catherine Evans Organizations: REUTERS, Milan's Bocconi University, Treasury, European Central Bank, Technology, Tor Vergata University, Reuters, Thomson Locations: Milan, Italy, ROME, MILAN, tranches, Brussels, Italy's, Italian, Parma
CNN —China-based hackers have breached email accounts at two-dozen organizations, including some United States government agencies, in an apparent spying campaign aimed at acquiring sensitive information, according to statements from Microsoft and the White House late Tuesday. “Officials immediately contacted Microsoft to find the source and vulnerability in their cloud service,” Hodge said. The Chinese Embassy in Washington, D.C., did not immediately respond to a request for comment early Wednesday on the Microsoft findings. The hacking began in mid-May, when the China-based hackers used a stolen sign-in key to burrow their way into email accounts, according to Microsoft. The tech giant has since blocked the hackers from accessing customer emails using that technique, Microsoft said late Tuesday.
Persons: Adam Hodge, ” Hodge, Organizations: CNN, Microsoft, House, National Security, , Government, FBI, Embassy, Washington , D.C Locations: China, States, Beijing, Washington ,
In the realm of defense, the alliance was not as advertised. The war in Ukraine, for all the talk of Europe stepping up, has left that asymmetry essentially untouched. Far from a costly charity program, NATO secures American influence in Europe on the cheap. Before Russia’s invasion of Ukraine, roughly half of European military spending went to American manufacturers. Yet already there are signs that NATO is making headway in getting Europe to follow its lead in the theater.
Persons: Organizations: NATO, European Union, U.S . Locations: Czech Republic, Prague, United States, Ukraine, Europe, U.S, Brussels, American, America, Washington, Germany, China, South China
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