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Ukraine is getting a new type of laser-guided missile from the UK, the Paveway IV. AdvertisementUkraine is about to get a new type of laser-guided bomb that can wreck "soft" Russian targets, a military analyst said. Britain is giving Ukraine a cache of Paveway IV bombs as part of its latest aid delivery, its defense ministry told Business Insider. Paveway IV bombs are dropped from planes, and weigh in at around 500 lbs. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Service, Business, Royal Air Force Locations: Ukraine, Russia
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA billionaire drug baron was arrested in Spain on money laundering charges but was released after paying a $53,000 bond, according to reports. AdvertisementThis followed a five-year investigation that police say showed the suspects had established a criminal organization involved in large-scale drug trafficking, including the smuggling of significant amounts of cocaine. Related storiesPolitico referred to Bouyakhrichan as a billionaire who possesses bank accounts and properties around the world. AdvertisementThe judge then imposed a €50,000 bond, roughly $53,000, took away Bouyakhrichan's passport, and ordered him to report to the authorities every fifteen days.
Persons: , Felix Bolaños, Karim Bouyakhrichan, Bouyakhrichan, Vincent Veenman Organizations: Service, Business, Spain's National Police, BBC, Cadena SER Locations: Spain, Dutch, Moroccan, Netherlands, Belgium, South America, Europe, The Hague, Spanish
A Dutch auction house is selling the seized yacht of a pro-Kremlin oligarch, per a Ukraine agency. Ukraine said it's the first seized asset to be sold to help support the country. The move is a "turning point" that could pave the way for similar efforts abroad, it said. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy .
Persons: it's, , Troostwijk Organizations: Kremlin, Service, Management Agency, Business Locations: Ukraine, Russian Ukrainian
Global military spending in 2023 rose to the highest levels ever recorded, analysts said. All five of the institute's defined geographical regions saw rises in military spending for the first time since 2009, with Europe, the Middle East, Asia, and Oceania recording particularly large increases, it said. This, in turn, has ramped up military spending. It also highlighted Ukraine, which ranked eighth in terms of overall defense spending, following a 51% year-on-year increase. At the same time, Israel saw its defense spending rise by 24% to reach $27.5 billion in 2023, mostly due to its large-scale offensive in Gaza, SIPRI's report found.
Persons: , SIPRI, Nan Tian, Diego Herrera Carcedo, Lorenzo Scarazzato, spender, Israel Organizations: Global, Stockholm International Peace Research Institute, Service, International Crisis, Getty, NATO Locations: Stockholm, Europe, East, Asia, Oceania, Ukraine, Gaza, Ethiopia, Myanmar, Bakhmut, Donetsk Oblast, Anadolu, China
AdvertisementThe military formation has been actively recruiting former Wagner Group mercenaries and soldiers who fought in Ukraine for combat operations in Africa. The Kremlin is likely using the Africa Corps to take over many of the functions of the Wagner Group, Parens added. Last week, in a video obtained by the Kyiv Post, Ukrainian special forces were shown interrogating captured Wagner mercenaries in Sudan. "Ukrainian special services have acquired considerable experience of waging non-linear warfare against the Russian side and especially against the Wagner Group," he said. The fate of the Wagner Group, it seems, still hangs in the balance.
Persons: Vladimir Putin, Yevgeny Prigozhin's, he's, Wagner, Prigozhin, Sergey Sukhankin, Raphael Parens, Parens, Sukhankin, Russia Alessandro Arduino Organizations: Kremlin, Jamestown Foundation, Wagner, Volunteer Corps, Africa Corps, Wagner Group, Fighters, Foreign, Research, Eurasia Program, Military Companies, Africa, Kyiv Post, Russia, Ukraine Locations: Russia, Africa, Ukraine, Western, Ukrainian, Sudan, Russian
Alexey Navalny lost consciousness after taking a walk and died, per Russia's Federal Prison Service. They have a track record of killing and ordering the killing of political opponents, they said. At least, that is what prison officials said on Friday, announcing the death of Russia's main opposition politician. Maxim Alyukov, a political sociologist at King's College London with a focus on Russia, said the death was consistent with a "political killing." This story is available exclusively to Business Insider subscribers.
Persons: Alexey Navalny, Putin, , Navalny, Maxim Alyukov Organizations: Prison Service, Kremlin, Service, Western, King's College London, Business Locations: Russia
Russia is using thousands of Starlink terminals bought on the "open market," Ukraine's spy chief said. Kyrylo Budanov told The Wall Street Journal that Russian companies are disguising purchases as personal use. Elon Musk has denied such claims, saying Starlink is inoperable in Russia and not sold there. AdvertisementRussian forces are using thousands of Elon Musk’s Starlink terminals in Ukraine that are being bought through Russian companies, Ukraine’s intelligence chief said. "It’s an open market," Kyrylo Budanov told The Wall Street Journal in an interview published on Thursday.
Persons: Kyrylo Budanov, Elon Musk, , Elon, Budanov Organizations: Wall Street Journal, Service, Wall Street, Business Locations: Russia, Elon Musk’s, Ukraine
But it can sustain such losses for another two years, war analysts said. AdvertisementRussia can sustain major losses in Ukraine for another two years, according to war analysts. AdvertisementUkraine has so far been able to repel and erode Russian forces, relying heavily on ongoing Western assistance, the RUSI said. The quality of Russian forces, meanwhile, is unlikely to improve as long as Ukraine can repel attacks, it said. AdvertisementTo achieve successful offensive operations, Russia will likely need to deploy combat-effective and well-equipped units and formations at scale, it said.
Persons: RUSI, Organizations: Military, Service, The, Royal United Services Institute, International Institute for Strategic Studies, CNN, Ministry of Defence Locations: Russia, Ukraine, Ukrainian, Russian, Kremlin
Read previewThe operator of dating platforms Tinder, Hinge, and OkCupid is being sued over claims it makes its apps addictive and puts profit over love. Match Group did not immediately reply to Business Insider’s request for comments. Speaking to the outlet, a spokesperson for Match Group denied the allegations, saying the case was "ridiculous and has zero merit." Match Group owns the largest global portfolio of popular online dating services, including Tinder, Match.com, OkCupid, Hinge, Plenty of Fish, OurTime, and other dating brands, per its website . The group has hundreds of millions of reported users across its platforms, per its latest business overview, published in August 2023.
Persons: Organizations: Service, Court, Northern, Northern District of, Business, NPR, Match Group Locations: Northern District, Northern District of California
But House Republicans under Speaker Mike Johnson have no plans to take up the deal, effectively blocking the $60 billion in Ukraine aid it includes. AdvertisementThe war has reached a stalemate even with this support, and a sudden shortage as could come this year drastically weakens Ukraine’s war effort against Russia, analysts told Business Insider. Without US arms support, Ukraine will simply be outgunned and more of its troops will die, experts warn. Other aid will save Ukraine just for monthsA Ukrainian defeat would not be immediate, as Europe could step up its military aid, Herbst said. Losing Ukraine would come at a devastating cost for NATO and the USThese dynamics are perilous for Ukraine and its backers.
Persons: , Mike Johnson, John Herbst, Herbst, Ukraine’s, Gustav Gressel, Stringer Mark Cancian, they'd, Cancian, Vladimir Putin, Johnson, Hakeem Jeffries Organizations: Service, Business, Patriot, Council’s Eurasia Center, Archer Artillery, Roman, Getty, American Enterprise Institute, Martens, European Council, Foreign Relations, REUTERS, US Marine Corps, Center for Strategic, International Studies, NATO, Russia, Democrats, House Republicans Locations: Ukraine, Israel, Taiwan, Russia, Ukrainian, Iran, North Korea, Donetsk Oblast, Europe, Zaporizhzhia region, Russian, Soviet Union, Belarus, Africa, Balkans, America
President Joe Biden privately called Benjamin Netanyahu an "asshole" three times, per NBC News. Biden has tried to talk Netanyahu into agreeing to a cease-fire in Gaza, sources told the outlet. But the Israel prime minister is "giving him hell," one source said, per the outlet. AdvertisementPresident Joe Biden has taken to privately calling Israeli Prime Minister Benjamin Netanyahu an “asshole,” NBC News reported , citing three sources. "The president has been clear where he disagrees with Prime Minister Netanyahu, but this is a decadeslong relationship that is respectful in public and in private," the spokesperson said.
Persons: Joe Biden, Benjamin Netanyahu, Biden, Netanyahu, , — Biden, Israel, we're Organizations: NBC, Service, NBC News, Israel, ABC, Gaza, Fox News, National Security Locations: Gaza, Israel, Rafah, Egypt, Ukraine, Taiwan
Russia fired a Zircon hypersonic cruise missile for the first time in Ukraine, experts say. The director of the Kyiv Scientific Research Institute said they found evidence from a recent attack. The missile is launched from a ship and can reach speeds of up to 6,000 mph, per reports. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRussia has used a Zircon hypersonic cruise missile for the first time in Ukraine, according to experts.
Persons: , Oleksandr Ruvin, Ruvin Organizations: Kyiv Scientific Research Institute, Service, Kyiv Scientific Research, Forensic, Kyiv, Business Locations: Russia, Ukraine
Read previewThe US Senate passed a $95 billion emergency defense aid bill for Israel, Ukraine, and Taiwan early Tuesday morning. Majority Leader Chuck Schumer wrote on X that Putin "will regret the day he questioned America's resolve." AdvertisementHowever, the bill will now need to go to the House of Representatives, where it is expected to face stiff opposition. House Speaker Mike Johnson preemptively rejected the bill on Monday evening, saying that it failed to address US-Mexico border security and was therefore a nonstarter. AdvertisementIt does not include any border security provisions after Schumer stripped the border security language from the bill last week, per Reuters.
Persons: , Joe Biden's, Peter Welch of, Jeff Merkley, Bernie Sanders of, Sen, Chuck Schumer, Putin, America's, Mike Johnson preemptively, , Schumer, JD Vance, won’t, Hakeem Jeffries Organizations: Service, Senate, Democratic, Business, Representatives, Associated Press, Republican Locations: Israel, Ukraine, Taiwan, Peter Welch of Vermont, Oregon, Bernie Sanders of Vermont, Mexico, , China, Gaza
Oleksandr Liashuk is a soldier from Odesa in southern Ukraine. AdvertisementShayba the cat and Oleksandr Liashuk. Oleksandr Liashuk and a military vehicle in the background (left) and Liashuk and Shayba with a thermal imaging camera (right). Stepan the cat Courtesy of Anna Volodymyrivna DmytrenkoBut despite his injuries, Stepan is still helping bring in funds, Dmytrenko said. However, she said Stepan is playing a vital role in fundraising campaigns for Ukraine's military.
Persons: , Oleksandr Liashuk, Oleksandr Liashuk Liashuk, Liashuk, Stepan, Anna Volodymyrivna Dmytrenko, Stepan the, Dmytrenko, Oleksandr, Chuck Schumer Organizations: Service, Business, Assault Brigade, National Guard, Ukraine, Senate Locations: Ukrainian, Ukraine, Odesa, Chile, Japan, Kharkiv
Read previewA man is suing the maker of a surgical robot, claiming it burned and tore his wife’s small intestine during surgery, ultimately resulting in her death. Sultzer underwent surgery to treat her colon cancer at Baptist Health Boca Raton Regional Hospital in September 2021, per court records. It's not the first time this has happened to a patient who underwent surgery with this robot, the plaintiff’s lawsuit said, citing SEC filings. The plaintiff's lawsuit claimed that ISI received hundreds of reports about injuries and defects related to da Vinci procedures. “ISI’s da Vinci was unreasonably dangerous for use in Mrs. Sultzer’s procedure; she was unnecessarily injured and ultimately died as a result,” the lawsuit read.
Persons: , Harvey Sultzer, Sandra Sultzer, Sultzer, It's, “ ISI’s da Vinci Organizations: Service, Court, Southern District of Columbia, Business, NBC, Baptist Health Boca Raton Regional Hospital, SEC, Food and Drug Administration, ISI
Tucker Carlson said Vladimir Putin was "a couple hours late" for their Kremlin interview this week. Making people wait is a power move often used by the Russian president, experts say. Putin launched into a lengthy revisionist history of Russia that Carlson said "annoyed" him. AdvertisementRussian President Vladimir Putin pulled a power move on Tucker Carlson that set the stage for the former Fox News host getting steamrolled. Making world leaders wait is a tactic Putin has regularly used as a power play to show dominance over his guests.
Persons: Tucker Carlson, Vladimir Putin, Putin, Carlson, Organizations: Service, Fox News, Business Locations: Russian, Russia
A US diplomat accused Russia of using North Korean ballistic missiles at least 9 times in Ukraine. Robert Wood said Russia and North Korea "must be held accountable for their actions." South Korea has accused the North of using Ukraine as a "test site" for nuclear-capable missiles. AdvertisementRussia has fired North Korean ballistic missiles against Ukraine at least nine times, according to a US diplomat. "To date, Russia has launched DPRK-supplied ballistic missiles against Ukraine on at least nine occasions," he said, using the acronym for the Democratic People's Republic of Korea, as North Korea is officially known.
Persons: Robert Wood, Organizations: Korean, Service, US, Political Affairs, UN, UN Security, Reuters, Democratic People's, Business Locations: Russia, Ukraine, North Korea, Korea, Korean, Democratic People's Republic of Korea
Russia is exploiting shortages in Ukraine's air defenses with airstrikes, the White House said. It's forcing Ukraine to use what it has left, National Security Council spokesperson John Kirby said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRussia is exploiting shortages in Ukraine's air defenses to launch drones and missiles, White House National Security Council spokesperson John Kirby said in a press briefing on Wednesday. And he said it could be part of a tactic to use up the air defenses that Ukraine has left.
Persons: It's, John Kirby, , Kirby Organizations: National Security, Service, White, Business Locations: Russia, Ukraine
The UK has sent a warship to the Red Sea to replace another vessel, per the Ministry of Defence. HMS Richmond will take command of the UK's mission in the region, supporting US operations, it added. AdvertisementThe UK Ministry of Defence said that one of its warships was being replaced in the Red Sea after it suffered three separate attacks by Houthi rebels. The HMS Richmond will replace the HMS Diamond in the waters, the ministry announced in a press statement on Tuesday. AdvertisementMeanwhile, HMS Richmond will assume command of the UK's operation in the Red Sea.
Persons: Houthi, HMS, , HMS Diamond, Peter Evans, Grant Shapps, Brian Raymond, Yahya Saree Organizations: Ministry of Defence, MOD, Service, HMS, Operation Prosperity Guardian, Royal Marines, Wildcat, Pentagon, Prosperity Guardian, US Navy SEAL, US Locations: Red, HMS Richmond, Iran, Iranian, Richmond, Gaza
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA US veteran who says he fought in Ukraine blasted House Speaker Mike Johnson, MAGA Republicans, and those who are blocking aid to Ukraine. The White House and war experts have said that Ukraine would fall without additional aid. AdvertisementHe also claimed to have seen the mass grave in Izium, a city in Ukraine that was eventually recaptured from Russia. Jackson added: "However imperfect we may be, we can come together on the simple fucking question that genocide is bad."
Persons: , Mike Johnson, MAGA, John Jackson, Jackson, Jose Colon, Ronald Reagan Organizations: Service, MAGA Republicans, Business, Russia, Anadolu Agency, Getty, Republican Locations: Ukraine, Israel, Mexico, Izium, Russia, Ukrainian, South Africa
Ukraine has been targeting Russia's Kerch Bridge to cut off military transports to Crimea. A top Ukrainian naval commander pledged to destroy the highly symbolic bridge this year. AdvertisementA Ukrainian naval commander pledged to destroy a key bridge that connects occupied Crimea with Russia. A screen grab from surveillance footage showing flames and smoke rising up after an explosion at the Kerch Bridge on October 8, 2022. Photo by Security Camera/Anadolu Agency via Getty ImagesSince Russia's full-scale invasion of Ukraine in February 2022, the bridge has been repeatedly damaged.
Persons: Oleksii Neizhpapa, , Dmytro Gordon, Neizhpapa, Gordon, Vladimir Putin, Volodymyr Zelenskyy, Vladimir Putin's Organizations: Service, Navy, Armed Forces of, Kyiv City Council, New, Security, Anadolu Agency, Getty, UK's Ministry of Defence Locations: Ukraine, Kerch, Crimea, Ukrainian, Russia, Armed Forces of Ukraine, Kyiv
Read previewA professor fired for his anti-Zionist beliefs was unfairly dismissed, an employment tribunal ruled on Monday. Miller claimed that the university unfairly and discriminatorily mistreated him during the course of the procedures, which ultimately resulted in his dismissal. The employment tribunal said in its 108-page ruling on Monday that Miller had been wrongfully fired and had been subjected to prejudice because of his philosophical beliefs in violation of the UK's Equality Act 2010. The Union of Jewish Students, which represents Jewish societies at UK universities, said in a statement that it is "disappointed" by the judgment which it said would "ultimately make Jewish students less safe." AdvertisementThe UJS added: "This may set a dangerous precedent about what can be lawfully said on campus about Jewish students and the societies at the center of their social life."
Persons: , David Miller, Miller, discriminatorily, Elizabeth Magill, Claudine Gay Organizations: Service, UK's University of Bristol, Business, University of Bristol, Harvard, Yale, University of Pennsylvania, Penn, Jewish Students, Security Trust Locations: Israel, Palestine, Britain, British
The Kremlin has plans to hike Russia's spending by 26% in 2024, per the UK's Ministry of Defence. Russia's National Wealth Fund is "increasingly being used to fund its invasion of Ukraine," it said. AdvertisementThe Kremlin will likely need to impose austerity measures to resolve Russia's budget deficit amid the growing cost of its invasion of Ukraine, according to UK intelligence. Advertisement"It is likely that the government will need to reduce its contributions to the National Wealth Fund and increase domestic taxes and debt to fund its planned expenditure," the UK MOD said. Such policies will have negative medium-to-long-term impacts, the UK MOD said on Monday.
Persons: , Alexandra Prokopenko, who's Organizations: Ministry of Defence, MOD, Wealth, Service, UK Ministry of Defence, National Wealth Fund, Carnegie Russia Eurasia Center, Center of Eastern European, International Studies, Foreign, Reuters, Bloomberg, International Monetary Fund, IMF Locations: Ukraine, Russia, Soviet Union, Russian
Russia is drafting hundreds of thousands of recruits to launch major assaults in Ukraine. The Institute for the Study of War said that Russia likely can't sustain a greater mobilization. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRussia isn't making enough weapons to arm the potential massive uptick in troops being drafted to fight in Ukraine, according to military experts. This story is available exclusively to Business Insider subscribers.
Persons: it's, , Kostyantyn Mashovets Organizations: Service, Business Locations: Russia, Ukraine, Ukrainian
A freed Israeli hostage held in Hamas tunnels described her 55-day captivity to Business Insider. "I know for a fact that it's getting worse and worse and worse every day," she said of those left. AdvertisementAn Israeli hostage held underground by Hamas said the conditions in the tunnels were so bad that she would always be hungry and got to shower only once a week, with cold water. Nili Margalit, 41, was taken hostage during Hamas' October 7 terrorist attacks on Israel. ReutersRelatives of the hostages have held protests, calling on Israeli authorities to do more to release their loved ones.
Persons: Nili Margalit, , Margalit, Insider's Spriha Srivastava, Noam Peri, Haim Peri, Peri, Benyamin Netanyahu Organizations: Service, Reuters, Economic, Jerusalem Post Locations: Israel, Davos, Switzerland, Jerusalem
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