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SYDNEY, Australia — Australia will strip military awards from a group of war veterans over allegations that those under their command committed war crimes in Afghanistan, Defense Minister Richard Marles said Thursday. As part of delivering the final recommendations of the inquiry, known as the Brereton Report, Marles had written to several officers who served in Afghanistan, to inform them that medals awarded for service would be withdrawn, the defense minister said. “The allegations which are the subject of the Brereton Report are arguably the most serious allegations of Australian war crimes in our history,” Marles told Parliament on Thursday. A former soldier was charged with war crimes last year. More than 39,000 Australian troops served in Afghanistan and 41 were killed.
Persons: Richard Marles, Paul Brereton, Brereton, Marles, ” Marles Organizations: Australia —, Defense, Australian Defence Force, Australia, NATO Locations: SYDNEY, Australia, Australia — Australia, Afghanistan
Read previewTensions between the Philippines and China have heightened around contested waters in the South China Sea in recent months. In recent months China has engaged in increasingly aggressive operations against the Philippines around the disputed islands of Sabina Shoal, Escoda Shoal, and Second Thomas Shoal in the South China Sea. Chinese Coast Guard holding knives and machetes as they approach Philippine vessels in the disputed South China Sea on June 17, 2024. A Chinese Coast Guard firing a water cannon at a Philippine Navy-chartered vessel resupplying troops stationed at Second Thomas Shoal in March 2024. AdvertisementSpeaking at a conference, he said that the "escort of one vessel to the other is an entirely reasonable option within our Mutual Defense Treaty."
Persons: , Collin Koh, Thomas Shoal, Second Thomas, Jay Tarriela, Timothy Heath, Heath, Koh, Shoal, Ezra Acayan, Samuel Paparo, Alexander Lopez, Sari Arho Havrén Organizations: Service, Institute of Defence, Strategic, Singapore's Nanyang Technological University, Business, coastguard, Mutual Defense Treaty, RAND Corporation, Coast Guard, Armed Forces, AP, Congressional Research Service, China, Philippine Navy, Navy, Air Force, Pacific Command, Mutual Defense, Philippine National Maritime Council, RAND, Royal United Services, Democrats, Republicans Locations: Philippines, China, South, Sabina, South China, Philippine, Second, Sabina Shoal, Asia, Ukraine, Israel
Thomas d'Halluin, Managing Partner of Airbus Ventures, at Hangar One of NASA Ames Research Center's Moffett Field in California. Airbus VenturesAirbus Ventures, one of the most prolific investors in space startups, has raised a $155 million fund that it plans to deploy across the burgeoning space sector, as well as the broader "deep tech" ecosystem. "This fund is designed to unlock new possibilities, and space is one of them," Thomas d'Halluin, managing partner of Airbus Ventures, told CNBC. Historically, deep tech is a classification for companies working on technologies that face steep scientific or engineering obstacles. Airbus Ventures currently has $465 million under management, with Fund-Y marking its fourth fund to date.
Persons: Thomas d'Halluin, d'Halluin Organizations: Airbus Ventures, NASA Ames Research, Moffett, Airbus Ventures Airbus Ventures, CNBC, Spaceflight, SpaceX Locations: California, European
Russia said it has launched a major counteroffensive to retake large areas of its Kursk region that were seized by Ukrainian forces in the border incursion that began last month. Russian Major General Apti Alaudinov, who commands special forces fighting in Kursk, said that Russian troops took back control of about 10 settlements in Kursk, which borders northeastern Ukraine. "Russian forces began counterattacks along the western edge of the Ukrainian salient in Kursk Oblast and reportedly seized several settlements northeast and south of Korenevo on September 10 and 11. The ISW noted that visual evidence suggested that Russian forces deployed in Kursk were operating in company-sized units of 100-250 soldiers and may be using more combat-experienced units to conduct the counteroffensive. The incursion prompted regional authorities to evacuate 150,000 people living in the region, as well as neighboring Belgorod.
Persons: Vladimir Putin, Apti Alaudinov, Alaudinov, Sergei Lavrov Organizations: Ukrainian, Google, Russia's, RIA Novosti, Russian, Institute for Locations: Orenburg, Russia, Kursk, Russian, Ukraine, Kursk Oblast, Korenevo, Russia's Kursk, Belgorod
Gold prices holds steady with U.S. CPI data on radar
  + stars: | 2024-09-11 | by ( ) www.cnbc.com   time to read: +2 min
Gold bars and gold coins of different sizes lie in a safe on a table at the precious metal dealer Pro Aurum. Gold prices steadied on Wednesday, as investors keenly awaited the U.S. inflation data for hints on the size of the Federal Reserve's potential interest rate cut next week. The U.S. Consumer Price Index data is due at 1230 GMT, while the Producer Price Index reading and initial jobless claims are due on Thursday. The Fed will lower interest rates by 25 basis points at each of the three remaining policy meetings in 2024, according to a majority of economists in a Reuters poll. Zero-yield bullion tends to be a preferred investment amid lower interest rates and geopolitical turmoil.
Persons: Matt Simpson, Price, Jerome Powell's, Peter Fung, Yoav Gallant Organizations: Aurum, Federal, Index, U.S, Consumer, Metals Locations: Gaza, Lebanon
Read previewThe UK donated military equipment to Ukraine that was so old it would have been thrown away, according to a new report from the National Audit Office (NAO) published on Wednesday. For example, in March 2022, the UK donated 17,010 pairs of unused army boots that were "nearing the end of their usable life," the report said. It comes against a backdrop of criticism over Western-supplied military equipment to Ukraine. Related storiesUkraine has been receiving military aid from its allies throughout Russia's full-scale invasion, which started in February 2022 . In July, the global military alliance NATO pledged to continue supporting Ukraine with the NATO Security Assistance and Training for Ukraine, or NSATU, a new initiative to coordinate the supply of military aid and training.
Persons: , NAO, Gareth Davies Organizations: Service, National Audit, UK's Ministry of Defence, Business, MoD, Financial Times, Politico, Russia, NATO, Assistance, Training, Ministry of Defence Locations: Ukraine, Germany, Russia's, Netherlands, Canada, Sweden, Finland, Norway, Denmark, Estonia, Lithuania, New Zealand, Romania, Kosovo, Australia, Ukrainian
Boeing should be kicked out of the Dow
  + stars: | 2024-09-11 | by ( Chris Isidore | ) edition.cnn.com   time to read: +6 min
The United States is no longer primarily an industrial economy, and the changes in the index over the last 126 years reflect that evolution. Beyond that, there are two other major issues indicating that Boeing no longer belongs in the Dow. Trying to stay relevantBoeing obviously wasn’t an early component of the Dow — the index started seven years before the first plane flew at Kitty Hawk, and 20 years before Boeing was incorporated. In 2020, the Dow dropped ExxonMobil, then struggling with low oil prices during the pandemic, and added tech company Salesforce, then on a tear. Boeing declined to comment when asked about its membership in the Dow.
Persons: , Ron Epstein, Dow, Max, That’s, Sam Stovall, Kitty Hawk, , ” Stovall, Stovall, Organizations: New, New York CNN, Dow Jones, New York Stock Exchange, Nasdaq, Boeing, Bank of America, Steel, Disney, Dow, Alaska Airlines, Federal Aviation Administration, CFRA Research, Electric, Lockheed, GE, GE Aerospace, ExxonMobil, Airbus Locations: New York, United States, Alaska, Ukraine
Wizz Air announced its first A321XLR route will be about seven hours between London and Saudi Arabia. "You kind of suffer the pain, if you wish, for the economic benefits," said Wizz's CEO. Go to newsletter preferences Thanks for signing up! AdvertisementAs it introduces longer flights, ultra-low-cost carrier Wizz Air isn't planning any upgrades to its no-frills offering — hoping passengers will "suffer the pain" for cheaper tickets. Wizz announced Tuesday that its first Airbus A321XLR route will be between London Gatwick and Jeddah in Saudi Arabia, starting next March.
Persons: , Wizz Organizations: Wizz Air, Service, Wizz, Airbus, London, Business Locations: London, Saudi Arabia, Saudi, Jeddah, London Gatwick
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAirbus' growth will come from size of backlog, says CEO Guillame FauryGuillaume Faury, Airbus CEO, joins CNBC's Phil Lebeau on 'Squawk on the Street' to discuss where Airbus is expecting growth, where the biggest supply chain challenges are, and more.
Persons: Guillame Faury Guillaume Faury, Phil Lebeau Organizations: Airbus
Beond, an all-business-class airline, launched in November 2023 with a 21-year-old Airbus A319 plane. The Maldives-based airline flies to Europe and Asia and aims to expand routes with an Airbus A321. Go to newsletter preferences Thanks for signing up! AdvertisementMaldives-focused airline Beond is a largely unknown startup. This story is available exclusively to Business Insider subscribers.
Persons: , Beond Organizations: airline, Airbus, Service, Business Locations: Maldives, Europe, Asia, Bangkok
SEOUL (Reuters) – North Korean leader Kim Jong Un said the country is now implementing a nuclear force construction policy to increase the number of nuclear weapons “exponentially,” state media KCNA said on Tuesday. Kim also said North Korea is facing a “grave threat” from what it sees as a US-led nuclear-based military bloc in the region. South Korea will also hold a defence ministerial meeting with the member states of the United Nations Command (UNC) on Tuesday. The UNC is led by the commander of the US military stationed in South Korea. North Korea has criticised the UNC as an “illegal war organisation” and Germany’s entry into the US-led UN border monitoring force as raising tensions.
Persons: Kim Jong Un, KCNA, Kim, , Cho Chang, rae Organizations: US State Department, United Nations Command, UNC, UN Locations: SEOUL, United States, North Korea, South, Seoul, South Korea, Germany
That figure is more than the amount of territory Russia has seized in Ukraine so far this year. AdvertisementThat's a rate of more than 1,100 casualties a day, and there are indications Russian forces are continuing to take heavy losses. A pair of Ukrainian soldiers walk in the Ukrainian-controlled city of Sudzha in Russia's Kursk region. But he said there's also a danger that Ukraine's forces could get overextended and "get too widely spaced that the Russians can take advantage of it." Furthermore, this unexpected invasion of Russian territory has allowed Ukraine to regain the initiative after months in a grueling defensive position.
Persons: , Volodymyr Zelenskyy, Fabien Nachi, Matthew Savill, David Cohen, Michael Bohnert, Savill, Ed Ram, Mark Cancian, there's, Cancian, Vladimir Putin Organizations: Service, Business, NBC, Getty, Royal United Services Institute, UK Ministry of Defence, Russia, Ukraine, CIA, RAND Corporation, Washington, Marine, Center for Strategic, International Studies Locations: Russia's Kursk, Russia, Ukraine, Kursk, Sudzha, Ukrainian
U.S. passenger airlines have added nearly 194,000 jobs since 2021 as companies went on a hiring spree after spending months in a pandemic slump, according to the U.S. Department of Transportation. It’s a departure from the previous years when airlines couldn’t hire employees fast enough. U.S. airlines are usually adding pilots constantly since they are required to retire at age 65 by federal law. Then, travel demand snapped back faster than expected, climbing in earnest in 2022 and leaving airlines without experienced employees like customer service agents. “We will be hiring for the foreseeable future at levels like that,” he said at the time.
Persons: Kit Darby, they’ll, Raymond James, Savanthi, Tammy Romo, Robert Isom, , , Ken Byrnes Organizations: U.S . Department of Transportation, Airlines, Boeing, Airbus, U.S, American Airlines, United Airlines, Delta Air Lines, Southwest Airlines, JetBlue Airways, Spirit Airlines, Pratt & Whitney, Frontier Airlines, Dallas, , ” United Airlines, , FedEx, UPS, American, Embry, Riddle Aeronautical University Locations: U.S, ” United
The planes replace aging widebodies and come with upgraded business and economy cabins. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementVirgin Atlantic Airways has spent $17 billion to modernize its fleet and better compete with other airlines across the Atlantic. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Virgin Atlantic Airways, Airbus, Service, Business
Europe’s air safety regulator ordered inspections on engines of a flagship Airbus jet on Thursday, after a fire broke out during a Cathay Pacific flight. The move affects the larger of two models of twin-engined A350, the A350-1000, which represents 15% of the A350 fleet or 86 jets. Video Ad Feedback Cathay Pacific grounds dozens of flights amid worries over Airbus A350 engines 01:54 - Source: CNNRolls-Royce and Airbus said earlier they were working closely with authorities to comply with the planned directive. EASA said the fire had caused heat damage to the engine housing, including ducts used for reverse-thrust on landing. Airbus and Rolls sought to address airlines’ questions on Thursday during their first closed briefings since Monday’s incident.
Persons: Florian Guillermet, EASA, ” Guillermet, Rolls Organizations: Airbus, Cathay, European Union Aviation Safety Agency, Royce, CNN, Reuters, Boeing, Airlines Locations: Hong Kong, Cathay Pacific, Cathay, Zurich
Read previewThe Philippines says it has stepped up its naval patrols and air surveillance around a disputed island in the South China Sea to counter the growing number of Chinese vessels in the area. In June, Chinese coast guards armed with swords and knives attacked Philippine vessels in the contested waters, resulting in injuries and one soldier losing a thumb. Chinese coast guards holding knives and machetes as they approached Philippine troops in the disputed South China Sea in June. "We once again warn the Philippines to face reality and give up illusions," Liu Dejun, a spokesperson for China's coast guard, said. Advertisement(Vietnam, Malaysia, Brunei, and Taiwan also lay claim to parts of the South China Sea.)
Persons: , Roy Vincent Trinidad, BRP Teresa Magbanua, Trinidad, Sabina Shoal, Jay Tarriela, Tarriela, Teresa Magbanua, Liu Dejun, Liu, Sari Arho Havrén, Collin Koh, Koh, Adm, Samuel Paparo, Alexander Lopez Organizations: Service, Coast Guard, Navy, Air Force, Daily Tribune, Business, BRP, Armed Forces, AP, The Daily Tribune, Liberation Army Navy, US Department of State, Royal United Services Institute, Institute of Defence, Strategic, Singapore's Nanyang Technological University, CNN, Pacific Command, Mutual Defense, Philippine National Maritime Council Locations: South, Philippine, Sabina, Escoda, China, Philippines, South China, China's, Sabina Shoal, Vietnam, Malaysia, Brunei, Taiwan, Washington, Manila
It's all piling up, and aircraft engine shops around the world are overflowing. American Airlines ' solution is to do more of the work itself. "We just have one customer and that's American Airlines doing our work," American's chief operating officer, David Seymour, said. GE Aerospace brought in $11.7 billion from engine maintenance, repairs and overhaul in the first half of 2024, making up 65% of its revenue. An airplane engine at American Airlines' test cell in Tulsa, Oklahoma.
Persons: David Seymour, Tulsa , Oklahoma Erin Black, It's, France's Safran, Seymour, Leslie Josephs, Thomas Toepfer, Kevin Michaels, Martin Gauss, Pratt, that's, Advisory's, Erin Black, Michaels Organizations: Boeing, Airbus, Alton Aviation Consultancy, GE Aerospace, GE, Pratt & Whitney, Royce, American Airlines, Airlines, CFM, CNBC, Tulsa International Airport, American, JetBlue Airways, Spirit Airlines Locations: TULSA, Okla, Tulsa , Oklahoma, Tulsa, American's, Riga, Latvia
"Our research infers that fliers are doing more research to understand and potentially avoid Boeing aircrafts," she said. "First of all, there are more discount carriers operating Airbus (A320s) than Boeing (737s) particularly in Asia," he said. watch nowThe study is a historical analysis of commercial flight safety, which does not predict how Boeing's issues may play out in the future. But Barnett indicated he's confident about the future of commercial aviation. Why avoiding Boeing is difficultThough competition among airlines is fierce, aircraft manufacturing has long been dominated by the United States' century-old Boeing company and its European competitor, Airbus.
Persons: Danielle Harvey, Brendan Sobie, Arnold Barnett, Barnett Organizations: Boeing, Alaska Airlines, Sobie Aviation, Massachusetts Institute of Technology, of Air Transport Management, MIT, U.S . Federal Aviation Agency, National Transportation Safety Board, European Union, New Zealand, United Arab Emirates, CNBC Travel, Airbus, Airlines, Max Locations: Asia, United States, Europe, Australia, Canada, China, Israel, Japan, New, Bahrain, Bosnia, Brazil, Brunei, Chile, Hong Kong, India, Jordan, Kuwait, Malaysia, Mexico, Philippines, Qatar, Singapore, South Africa, South Korea, Taiwan, Thailand, Turkey, Alaska
Vladimir Putin appointed a relative to a top defense position, reports say. The relative, Anna Tsivileva, is Russia's new state secretary of defense. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRussian President Vladimir Putin's decision to appoint a relative to a top defense role tested "even Russian tolerance for corrupt practice," the UK's ministry of defence (MoD) said. The Kremlin announced in August that Putin had appointed Anna Tsivileva, the daughter of Putin's cousin, as the state secretary of the military.
Persons: Vladimir Putin, Anna Tsivileva, , Vladimir Putin's, Putin Organizations: Service, MoD, Kremlin, Tsivileva, Business Locations: Russia
Jessica Gow | Afp | Getty ImagesRussia's ongoing war in Ukraine has resulted in a profound shift in the way defense stocks are viewed by mission-driven fund managers, according to two European defense giants. Defense stocks have typically been excluded from portfolios based on environmental, social and governance (ESG) factors due to ethical concerns over their association with warfare. Nonetheless, the inclusion of defense stocks in sustainably-minded portfolios remains controversial. It's really important that we see the role that defense companies play in protecting a free society. It's really important that we see the role that defense companies play in protecting a free society," he said.
Persons: Micael Johansson, Jessica Gow, Johansson, CNBC's Silvia Amaro, It's, Brad Greve, BAE Systems Johansson, hasn't, Ida Kassa Johannesen, Johannesen, Justin Tallis, Saab's Johansson, ESG, John Keeble, Greve Organizations: Saab, Afp, Getty, BAE Systems, Ukraine —, Saxo Bank, CNBC, Democratic, U.S, Republican, Democrats, Malloy Aeronautics, British Aerospace BAE Systems, Farnborough, Exhibition, Conference Centre Locations: Stockholm, Ukraine, Africa, Democratic Republic, Congo, Palestine, London, Farnborough, England
Where are low-cost airlines cutting back now? New planes
  + stars: | 2024-08-30 | by ( Leslie Josephs | ) www.cnbc.com   time to read: +5 min
In this article SAVEULCCJBLU Follow your favorite stocks CREATE FREE ACCOUNTJetBlue Airways, Spirit Airlines and United Airlines airplanes proceed to gates after landing at Newark Liberty International Airport in Newark, New Jersey on May 30, 2024. Airlines flooded the U.S. with flights this year, driving down fares particularly in the domestic market, where low-cost carriers concentrate, and weighing on carriers' revenue while costs have gone up. Spirit Airlines , JetBlue Airways and Frontier Airlines last posted annual profits in 2019, while larger carriers have returned to profitability. Now, some of those same airlines are dialing back their growth plans and deferring deliveries of new aircraft. Some airlines, like Frontier, have been active in sale-leasebacks, in which they sell planes to generate cash and lease them back.
Persons: Gary Hershorn, Cash, Barry Biffle, Biffle, Joanna Geraghty, , AerCap, Gus Kelly, Eddy Pieniazek, Pieniazek, Alwyn Scott Organizations: JetBlue Airways, Spirit Airlines, United Airlines, Newark Liberty International Airport, Corbis, Getty Images Airlines, Frontier Airlines, roundtrip U.S, Airbus, New York, Pratt & Whitney, JetBlue, Airlines, Aircraft, Boeing, Max, Air Lease Locations: Newark , New Jersey, U.S, Mobile , Alabama
British Airways is upgrading its short-haul cabins as part of a huge investment. I flew on one of the older A320s, then toured a brand-new A320neo at the Farnborough Airshow. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.
Persons: Organizations: British, Farnborough, Service, British Airways, Business
A man was arrested after opening a plane's emergency exit upon arrival in Melbourne. A video shared by Australian media shows the man walking on the plane's wing. Go to newsletter preferences Thanks for signing up! AdvertisementA man was arrested after climbing out of a plane's emergency exit on Thursday, airline Jetstar confirmed to Australian media. "We can confirm that a passenger opened the emergency exit door after arrival into Melbourne, which automatically deployed the slide," Jetstar said in a statement to Sky News.
Persons: Organizations: Jetstar Airbus, Australian, Service, Jetstar, Airbus, Sky News, Business Locations: Melbourne, Sydney
Russia has increasingly fired glide bombs at Ukrainian territory in its invasion of the country. AdvertisementBut Russia has not been using the bombs at the same scale against Ukrainian forces that crossed the border into Russia earlier this month. Russia used 750 glide bombs on Ukrainian cities and villages last week alone, according to Ukrainian President Volodymyr Zelenskyy Sunday. It's also fewer than the 50 glide bombs Russia has reportedly been firing daily into Ukraine's Sumy region, which neighbors Kursk. But these were relatively isolated incidents rather than something that was happening as a result of a new strategy, such as using glide bombs in Kursk.
Persons: , Mark Cancian, Russia hasn't, that's, Cancian, REUTERS Cancian, Volodymyr Zelenskyy, It's, Scott Peterson, Rajan Menon, Columbia University's, George Barros, Barros, Zelenskyy, it's Organizations: Service, Ukrainian, Business, Russian Defense Ministry Press, Marine, Center for Strategic, International Studies, NATO, 95th Air Assault Brigade, REUTERS, Columbia, Columbia University's Saltzman Institute of War, Peace Studies, Russian Ministry of Defence, Russian Ministry of Defense Locations: Russia, Russian, Kursk, Ukrainian, Malaya Loknya, Russia's Kursk Region, Ukraine, Ukraine's Sumy, Petropavlivka
Three officials from different countries said the measured response comes as they are mindful of what happened after Maduro’s 2018 reelection. Then, the vote was quickly condemned as a sham and led to the most severe sanctions yet on the OPEC nation. In Washington, which under Republican President Donald Trump blocked Venezuela’s critical oil exports, there seems little appetite for more severe sanctions. The European Union last week said there was not enough evidence to support Maduro’s victory as announced by the CNE. Countries including China, Russia, Nicaragua and Cuba have recognized Maduro’s victory and offered him support.
Persons: Nicolás Maduro, Edmundo González, Jose Manuel Albares, Maduro’s, Donald Trump, Biden, Maria Corina Machado, Gonzalez, , Vedant Patel, Maduro, Elvis Amoroso, Kamala Harris, , , Machado Organizations: Electoral Council, Maduro, United Nations, EU, Republican, Democratic U.S, Venezuela’s, U.S ., . State Department, . Washington, U.S, U.S . Treasury Department, State Department, Reuters, American States, Electoral, International, European Union, CNE, NBC Locations: U.S, Brazil, Venezuela, Spanish, Spain, OPEC, Maduro, Washington, ., reneging, Elvis Amoroso ., Mexico, Colombia, Canada, Panama, China, Russia, Nicaragua, Cuba
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