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☆ Tech execs are reportedly 'scrambling' to score a ticket to a dinner with China's president in San Francisco
▼ + stars: | 2023-11-14 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Chinese President Xi Jinping is slated to host an exclusive dinner for top executives during the summit. Tech leaders will have the opportunity to improve their business relationship with China. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementTech titans are expected to converge on San Francisco this week for some face time with the president of China. As such, a dinner invite from Chinese President Xi Jinping is highly coveted by executives attending the meeting.

Persons: execs, Xi Jinping, —, Satya Nadella, Citigroup's Jane Fraser, Tesla, Elon Musk, Xi, Darren Woods, Musk, Marc Benioff, Tim Cook isn't, Dan Prud'homme, Joe Biden Organizations: APEC, Tech, Service, Economic Cooperation, America, Microsoft, SpaceX, Bloomberg, Reuters, Exxon, Energy, Curb, Apple, Florida International University Locations: San Francisco, China, Asia, Taiwan

☆ Biden and Xi will sign a deal to keep AI out of control systems for nuclear weapons: report
▼ + stars: | 2023-11-13 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

China's President Xi Jinping and US President Joe Biden will meet this week. They're expected to agree to limit the use of AI in nuclear weapons, a report said. AdvertisementAdvertisementUS President Joe Biden and his Chinese counterpart Xi Jinping are set to sign a deal limiting the use of artificial intelligence in nuclear weapon control systems, according to The South China Morning Post. Biden and Xi will pledge a deal limiting the use of AI in autonomous weaponry, such as drones, as well as the systems used for the control and deployment of nuclear warheads, the report said. Secretary of State Antony Blinken was asked last week about prospects the US and China could come to some understanding about keeping AI in nuclear weapons.

Persons: Xi Jinping, Joe Biden, They're, —, Xi, Biden, Vladimir Putin, Volodymyr Zelenskyy, Oriana Skylar Mastro, Stanford University's Freeman, Antony Blinken Organizations: Service, South China Morning Post, Economic Cooperation, White, Stanford, Stanford University's Freeman Spogli Institute for International Studies Locations: China, Asia, San Francisco, Ukraine, Russian, Israel, Beijing, Gaza, Hague, Bletchley Park, Japan

☆ Why these industrial giants are betting on the transition to clean energy
▼ + stars: | 2023-11-13 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

"Right now, some of our favorite secular themes are the mega trends benefitting from a wave of federal spending — and the energy transition is one of those themes," he explained. CAT YTD mountain Caterpillar (CAT) year-to-date performance Elsewhere, Caterpillar has said the "energy transition and growing global energy demand are increasing [it's] total addressable market and furthering opportunities for long-term profitable growth." In terms of the energy transition, the company's aerospace business could see a boost from its development of sustainable aviation fuels. CEO Vimal Kapur last month said the industrials giant is "beginning to feel the urgency behind [the] energy transition." "Honeywell is in a unique position to both help the world meet today's growing energy needs, while also enabling the energy transition," Kapur said.

Persons: we're, Jeff Marks, Linde, Wall, I'm, Jim Cramer, Vimal Kapur, Kapur, Jim Cramer's, Jim, Krisztian Bocsi Organizations: Linde, LIN, Honeywell, Caterpillar, Investing, ExxonMobil, Exxon, BMO Capital Markets, Bank of America, CAT, CNBC, Linde AG, Treatment, Berlin, Bloomberg, Getty Locations: U.S, Berlin, Germany

LONDON (AP) — Residents of a fishing town in southwestern Iceland left their homes Saturday after increasing concern about a potential volcanic eruption caused civil defense authorities to declare a state of emergency in the region. The town of 3,400 is on the Reykjanes Peninsula, about 50 kilometers (31 miles) southwest of the capital, Reykjavik. Authorities also raised their aviation alert to orange, indicating an increased risk of a volcanic eruption. Concern about a possible eruption increased in the early hours of Thursday when a magnitude 4.8 earthquake hit the area, forcing the internationally known Blue Lagoon geothermal resort to close temporarily. The magma corridor is about 10 kilometers (6.2 miles) long and spreading, he said.

Persons: Grindavik, Pall Einarrson, Iceland’s RUV, “, ” Organizations: —, . Police, Iceland’s, “, Meteorological Office, Authorities Locations: Iceland, Reykjavik, Europe, North America, Grindavik, Grindavík

☆ Microsoft temporarily blocked staff from using ChatGPT over security concerns, report says
▼ + stars: | 2023-11-10 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Microsoft temporarily blocked employees from using ChatGPT on Thursday, CNBC reported. Staff were warned OpenAI's chatbot is an "external service" that posed privacy and security risks. AdvertisementAdvertisementMicrosoft temporarily blocked its employees from using ChatGPT, according to CNBC reported . Several big tech companies, including Amazon and Apple , have issued bans on using ChatGPT internally over fears that using it could lead to leaks of confidential data. Microsoft and OpenAI did not immediately respond to requests for comment from Insider, made outside normal working hours.

Persons: OpenAI's chatbot, —, chatbot, it's, ChatGPT, Sam Altman, OpenAI, Altman Organizations: Microsoft, CNBC, Staff, Service, Amazon, Apple Locations: OpenAI

☆ Russian Spies Behind Cyberattack on Ukrainian Power Grid in 2022 - Researchers
▼ + stars: | 2023-11-09 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

By James PearsonLONDON (Reuters) - Russian cyber spies were behind a hack which disrupted part of Ukraine's power grid in late 2022, U.S. cybersecurity firm Mandiant, part of Google, said in a report on Thursday, in a rare and advanced form of cyberwarfare. Last October, a massive wave of Russian missile strikes on Ukraine's power network caused blackouts in many parts of the country, prompting Kyiv to halt electricity exports and leaving four regions temporarily without electricity. Sandworm hackers rose to prominence in 2015 after a separate cyberattack against Ukraine’s power grid which cut off power for around 255,000 people. The disruptive, digital, intrusion was widely considered to be one of the first, known, successful cyberattacks against a power network. “There have only been a handful of incidents similar to this, with the majority carried out by Sandworm,” Mandiant analyst Nathan Brubaker said.

Persons: James Pearson, ”, Sandworm, Nathan Brubaker, Christopher Bing, Sharon Singleton Organizations: James Pearson LONDON, Google Locations: Russian, Russia, Ukraine, Kyiv, London, Washington

(AP) — The automatic braking system railroads were required to install several years ago needs improvement to better prevent collisions, federal safety investigators said in a report Wednesday. The National Transportation Safety Board has said more than 150 train crashes since 1969 could have been prevented by Positive Train Control. The agency had recommended the automatic braking system for years before it was mandated by Congress, which extended the original 2015 deadline twice and gave railroads until the end of 2020 to complete the system. The crash was likely caused by an overheating bearing and isn't one the automatic braking system is designed to prevent. The National Transportation Safety Board said there are several shortcomings of the current railroad braking system that developed partly because the system had to be designed so that every railroad's system would work on another railroad.

Persons: Jessica Kahanek, Federal Railroad Administration didn't, Jennifer Homendy, doesn't Organizations: National Transportation Safety, Federal Railroad Administration, Railroads, National Transportation, Train Control, Congress, of American Railroads, Railroad, Norfolk Southern, National Transportation Safety Board Locations: OMAHA, Neb, California, Norfolk, Ohio

☆ How Bill Nye, ‘The Science Guy’ educated Google Bard on how AI can help save the world
▼ + stars: | 2023-10-29 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +3 min

You may not know this, but Bill Nye, "The Science Guy," has professional experience overseeing new and potentially dangerous innovations. Still, computer science is not the skill that Nye thinks is the most important for students to learn. We don't want a smaller and smaller fraction of people understanding a more complex world," Nye said. During the conversation with CNBC's Tyler Mathisen at the TEC Summit on AI, CNBC surprised Nye with a series of questions that came from a prompt given to the Google generative AI Bard: What should we ask Bill Nye about AI? Watch the video above to see all of Bill Nye's answers to the AI about how it can help save the world.

Persons: Bill Nye, Guy, Nye, CNBC's Tyler Mathisen, Bard, —, Bill Nye's Organizations: Boeing, CNBC Technology, Summit, TEC, CNBC Locations: New York City

☆ Ukrainian fighter pilots could soon make the jump to real F-16s that don't fly quite like the jets they know best
▼ + stars: | 2023-10-26 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +9 min

Ukrainian fighter pilots learning to fly the F-16 could soon make the jump to real combat aircraft. The F-16 flies a bit different from the fighter aircraft they know, namely MiG-29s and Su-27s. AdvertisementAdvertisementTwo U.S. Air Force F-16 Fighting Falcon aircraft sits parked on flight line at MacDill Air Force Base, Sept. 8, 2021. US Air Force photo by Airman 1st Class Lauren CobinSimulator training will help ease the transition with these potential differences, but getting up to speed in an actual plane still takes time. Training has been ongoing at the Danish military air base in Skrydstrup and in the US at Lackland Air Force Base in Texas and Morris Air National Guard Base in Arizona.

Persons: —, Ukraine's, Yuriy Ihnat, Ihnat, Mike, Torrealday, Efrem, Julianne Showalter, you'd, Lockheed Martin, Lauren Organizations: MiG, Service, US Air Force Reserve, Ukrainian Air Force, National Museum of, United States Air Force US Air Force, Soviet, Air Force, General Dynamics, . Air Force, Falcon, MacDill Air Force Base, US Air Force, US, Lackland Air Force Base, Morris Air National Guard Base Locations: American, Ukrainian, Kyiv, Soviet, Iraq, Poland, Romania, Denmark, United States, Skrydstrup, Texas, Arizona, Ukraine

Citi's net income rose 2% to $3.5 billion from a year ago, while earnings per share remained stable at $1.63. Revenue at Citi's institutional clients group that houses its Wall Street operations rose 12% from a year ago, fueled by a 34% jump in investment banking fees. Citi's total provision for the credit portfolio rose to $17.6 billion from $16.3 billion a year ago. Fraser announced a sweeping reorganization last month that will disband ICG and give her more direct oversight over the company's businesses. Rivals Wells Fargo (WFC.N) and JPMorgan Chase (JPM.N) also reported higher quarterly profit on Friday, boosted by a rise interest payments.

Persons: Nick Zieminski, Jane Fraser, Fraser, Rivals Wells, JPMorgan Chase, Manya Saini, Tatiana Bautzer, Lananh Nguyen, Arun Koyyur Organizations: Citibank, REUTERS, Federal, ICG, Citi, Rivals, JPMorgan, Thomson Locations: Jackson, Queens, New York City, U.S, Bengaluru, New York

The bank said its recently announced reorganization plan will result in a 15% reduction in functional roles and that the first phase of the plan eliminated 60 net committees. Revenue at Citi's institutional clients group that houses its Wall Street operations rose 12% from a year ago, fueled by a 34% jump in investment banking fees. The bank's trading unit also boosted revenue, while its division providing treasury and securities services to corporations brought in 12% more revenue. At Citi, the total provision for the credit portfolio rose to $17.6 billion from $16.3 billion a year ago. Fraser announced a sweeping reorganization last month that will disband ICG and give her more direct oversight over the company's businesses.

Persons: Nick Zieminski, Jane Fraser, Fraser, Rivals Wells, JPMorgan Chase, Manya Saini, Tatiana Bautzer, Lananh Nguyen, Arun Koyyur Organizations: Citibank, REUTERS, LSEG, Citi, Federal, ICG, Rivals, JPMorgan, Thomson Locations: Jackson, Queens, New York City, U.S, Bengaluru, New York

☆ Tesla whistleblowers filed a complaint to the SEC in 2021, but the agency never interviewed them. Here's what the complaint said
▼ + stars: | 2023-10-12 | by ( Lora Kolodny | ) www.cnbc.com time to read: +22 min

With a "goodwill" repair, Tesla essentially foots the bill for labor, parts or accessories given to keep a customer happy. "Were Tesla to accurately categorize its 'goodwill' repairs as warranty repairs, it would likely need to restate earnings for every quarter since at least 2017," the tipsters wrote in their submission. In one example, the tipsters said screenshots showed other Tesla employees changed the status of material used in manufacturing from "scrap" to "work in progress." In another example, the complaint said screenshots showed Tesla employees had manually changed the status of "used" cars to "new" in a program that tracked vehicle deliveries data. In correspondence to the agency expanding on their complaint, the whistleblowers alleged this raises questions about the firm's independence and objectivity in judging Tesla's financials.

Persons: Brandon Bell, Elon, Tesla's, Tesla, Musk, Ann Lipton, Lipton, Karen Nelson, Nelson, Nicholas Parks, it's, Oxley, restate financials Organizations: Getty, U.S . Securities, Exchange Commission, SEC, PricewaterhouseCoopers, CNBC . Agency staff, CNBC, Twitter, Tulane Law School, University of Chicago Law School, Securities, Sarbanes, Oxley, Texas Christian University, Public Company, Tesla, Parks, Nelson, Business, Exchange, Board, SpaceX, The Boring, California Alternative Energy, Transportation Financing Authority Locations: Austin , Texas, Tesla, California, U.S, Delaware

☆ DOJ sues eBay for selling ‘rolling coal’ devices; fines could hit $2 billion
▼ + stars: | 2023-10-11 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Ebay could be on the hook for as much as $2 billion in fines for allegedly allowing hundreds of thousands of "rolling coal" pollution devices and other products that violate environmental laws to be sold on its platform. The Department of Justice, on behalf of the Environmental Protection Agency, filed a lawsuit claiming that the e-commerce giant enabled the sale of more than 343,000 rolling coal devices. The DOJ's 61-page complaint included screenshots of emissions tampering devices that were listed on eBay's platform. Rolling coal devices are among several tools that can be used to disable or tamper with a vehicle's pre-installed emissions control systems, which the EPA requires of all vehicles. Under the Clean Air Act, tampering with a vehicle's emissions control systems and selling those tampering tools are illegal.

Organizations: Ebay, of Justice, Environmental Protection Agency, DOJ, eBay, Act Locations: New Jersey , Maryland, Maine

☆ Japan and South Korea defense stocks jump after Hamas attack, aviation stocks slide
▼ + stars: | 2023-10-10 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

At his first troop review Saturday, Kishida renewed his pledge to consider "all options," including acquiring enemy base strike capability. Japanese and South Korean defense stocks surged on Tuesday as both stock markets returned to their first day of trading following the weekend attack of Israel by Palestinian militants Hamas. In South Korea, defense heavyweights Hanhwa Aerospace — which builds artillery and air defense systems — gained 2.23%, while Korea Aerospace Industries rose 4.07%. KAI produces fighter jets and aviation platforms for the South Korean military. Smaller South Korean defense players saw bigger gains.

Persons: Fumio Kishida, Kishida, Israel, KAI Organizations: Japan's, Defense Force, Hamas, Hanhwa Aerospace, Korea Aerospace Industries, South Korean, Kawasaki Heavy Industries, Japan's Self Defense Forces Locations: Japan, Tokyo, Israel, Gaza, South Korea

☆ Japan to allocate $205 million to support electric aircraft systems, Nikkei reports
▼ + stars: | 2023-10-08 | by ( ) www.reuters.com time to read: 1 min

TOKYO, Oct 8 (Reuters) - Japan will subsidize hydrogen fuel cell systems and other equipment to the tune of 30.6 billion yen ($205 million), the Nikkei business daily reported on Sunday. The government's decision is aimed at supporting the development of components for electric aircraft with reduced carbon dioxide (CO2) emissions, the newspaper said. The trade ministry is expected to present the policy at a working group of the ministry's council, it said. The government will allocate 17.3 billion yen for the development of hydrogen fuel cell systems for aircraft, and 13.3 billion yen for the development of fuel-efficient engine control systems, the Nikkei said. ($1 = 149.3200 yen)Reporting by Kaori Kaneko; editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.

Persons: Kaori Kaneko, Robert Birsel Organizations: Nikkei, Thomson Locations: TOKYO, Japan, ministry's

Hollysys offers integrated services for industrial automation and rail transport, according to its website, and its control systems have been used in sensitive areas such as nuclear power stations. In August, a consortium led by Recco Control Technology and Dazheng Group Investment Holdings made an all-cash offer of $25 per share to buy the company. The special committee will discuss the next steps with Recco Control and Dazheng Group (Hong Kong) in response to the offer to acquire the company, while expediting the process to seek "additional serious and compelling offers," Hollysys said in a statement. Deutsche Bank will solicit additional potential offers on behalf of Hollysys, it added. Founded in 1993, Hollysys now has operations in China and eight other countries and regions throughout Asia.

Persons: Hollysys, Kannaki, Anil D'Silva, Susan Fenton Organizations: Hollysys Deutsche Bank, Automation Technologies, Recco Control Technology, Dazheng Group Investment Holdings, Nasdaq, Recco, Dazheng, Deutsche Bank, Dazheng Group, Reuters, U.S, New, Thomson Locations: Beijing, United States, China, Taiwan, Hong Kong, Hollysys, New York, Asia, Bengaluru, Yantoultra, Singapore

☆ Abrams tanks were 'built to kill' Russian armor, but Ukraine has its work cut out for it keeping them in the fight
▼ + stars: | 2023-09-27 | by ( Chris Panella | Ryan Pickrell | ) www.businessinsider.com time to read: +12 min

Ukraine has received a first batch of US-provided M1A1 Abrams tanks. It's heavy-duty, combat-proven armor that was built with a very specific mission in mind: killing Russian tanks. The promise to deliver American-made Abrams tanks to Ukraine followed plans from the UK, Germany, and other European partners to provide Ukraine with Challenger and Leopard tanks. AdvertisementAdvertisement"The Abrams was built, A1 and A2 alike, knowing we had to kill many more Russian tanks. AdvertisementAdvertisementUS M1A1 Abrams tanks needed for training the Armed Forces of Ukraine arrive by rail at Grafenwoehr, Germany, May 14, 2023.

Persons: Abrams, it's, —, Robert Greenway, Volodymyr Zelenskyy, Biden, M1A1 Abrams, Lance Cpl, Scott Jenkins, Joe Biden, M1A1s, Pat Ryder, Gian Gentile, RAND's, Gentile, Leo, Challenger, Allan Tannenbaum, Greenway, Charlie Company ,, Brendan Mullin, there's, It's, Tylon Chapman, Douglas R, Bush, we've Organizations: US Army, Service, Ukraine, Soviet, Hudson Institute, Army, New York Times, M1A1, Iraq's, Special Forces, Marine Corps M1A1, 2nd Tank Battalion, 2nd Marine Division, Marine Expeditionary Force, US Marine Corps, Kyiv, Pentagon, Challenger, Leopard, Leopards, RAND's Arroyo Center, US, Charlie, Charlie Company , 1st Tank Battalion, 1st Marine Division, United Arab Emirates, Armed Forces, US Air National Guard, Honeywell, Abrams, Acquisition, Logistics, Technology, M1 Abrams Locations: Ukraine, Soviet, Pohjankangas, Niinisalo, Finland, Scott Jenkins Ukraine, Germany, RAND's Arroyo, Russian, Iraq, Soviet Union, U.S, Kuwait, Grafenwoehr

☆ Russian soldiers captured a Ukrainian exploding drone — then it blew up and killed several of them: report
▼ + stars: | 2023-09-26 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +2 min

Russian soldiers intercepted a Ukrainian drone and successfully landed it, the Kyiv Post reported. But as they were photographing the drone, it blew up, Ukrainian intelligence told the outlet. AdvertisementAdvertisementRussian soldiers were inspecting a captured Ukrainian drone they had seized when it blew up and killed some of them, The Kyiv Post reported on Monday. A source in Ukrainian military intelligence (HUR) told the outlet the Russian soldiers hacked the drone's control systems and were able to land it in Kursk, some 50 miles inside Russian territory. AdvertisementAdvertisementIt is unclear how many died, but there were several senior people in the group, Kyiv Post reported, citing the intelligence source.

Persons: —, HUR, Steve Wright Organizations: Kyiv Post, Service, Royal United Services Institute Locations: Ukrainian, Kyiv, Kursk, Ukraine, Moscow, Russia

☆ Exclusive: U.S. FDA found lapses at Novo's main U.S. factory in May 2022 -report
▼ + stars: | 2023-09-20 | by ( Maggie Fick | ) www.reuters.com time to read: +4 min

Signage is seen outside of the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, U.S., August 29, 2020. A Form 483 is a type of agency report containing "observations" that FDA inspectors "deem to be objectionable". The FDA did not immediately respond to a request for comment on the report, but usually does not comment on inspections. The report from the May 2022 inspection shows that FDA officials found the factory had failed to include one type of bacteria, abbreviated as B. cepacia, on its list of "objectionable organisms". Analysts at Barclays and Jefferies said in notes this week that, although investors may be concerned by news of potential manufacturing issues, they saw minimal impact on Novo's production of semaglutide.

Persons: Andrew Kelly, Clayton, Jefferies, Steven Lynn, Maggie Fick, Josephine Mason, Mark Potter Organizations: Food and Drug Administration, FDA, REUTERS, Novo Nordisk, Reuters, U.S . Food, Drug Administration, Barclays, Manufacturing, Thomson Locations: White Oak , Maryland, U.S, North America, Clayton , North Carolina

☆ North Korea's Kim inspects Russian nuclear-capable bombers, hypersonic missiles
▼ + stars: | 2023-09-16 | by ( ) www.reuters.com time to read: +4 min

Summary Kim inspects nuclear-capable bombersKim shown hypersonic missilesPutin's defence minister greets KimKim inspects war ship of Russia's fleetVLADIVOSTOK, Russia, Sept 16 (Reuters) - North Korean leader Kim Jong Un inspected Russian nuclear-capable strategic bombers, hypersonic missiles and warships on Saturday, accompanied by President Vladimir Putin's defence minister. Shoigu showed Kim Russia's strategic bombers - the Tu-160, Tu-95 and Tu-22M3 - which are capable of carrying nuclear weapons and form the backbone of Russia's nuclear air attack force, Russia's defence ministry said. "It can fly from Moscow to Japan and then back again," Shoigu told Kim of one aircraft. Putin told reporters Russia was "not going to violate anything", but would keep developing relations with North Korea. While in Vladivostok, Kim watched the first act of the ballet "Sleeping Beauty", staged by St Petersburg's Mariinsky theatre, the RIA news agency reported.

Persons: Kim, Kim Kim, Kim Jong Un, Vladimir Putin's, Sergei Shoigu, Shoigu, Kim Russia's, Alexander Matsegora, Oleg Kozhemyako, Nikolay Yevmenov, Shaposhnikov, KIM, Putin, Dmitry Peskov, Washington, Guy Faulconbridge, Kevin Liffey, William Mallard, Mark Potter, Nick Macfie Organizations: Russian, Defence, North, Russia's, Navy, Russian Pacific, RUSSIAN PACIFIC, Pyongyang, Kim's, West, Russia, Kremlin, St, Mariinsky, Reuters, Thomson Locations: VLADIVOSTOK, Russia, Knevichi, Pacific, Vladivostok, United States, South Korea, Pyongyang, Ukraine, Moscow, Japan, North Korea, Vladivostok's Primorye, Russian, Primorsky, RUSSIAN, Russian Pacific, Soviet Union, Washington, U.S

Russia's President Vladimir Putin shakes hands with North Korea's leader Kim Jong Un during a meeting at the Vostochny Сosmodrome in the far eastern Amur region, Russia, September 13, 2023. DPRK is short for the Democratic People's Republic of Korea, North Korea's formal name. At the opening of the meeting with Putin, Kim said it was an unwavering position of the North to further develop its traditional friendship and ties with Russia. Russian media said Putin showed Kim around the building where Russia's new space launch rocket, the Angara, is assembled. Humanitarian aid to North Korea and U.N. Security Council resolutions imposed on Pyongyang may also be discussed, Russian officials have said.

Persons: Vladimir Putin, North, Kim Jong Un, Vladimir Smirnov, Kim, Putin, Kim Jong, Moscow, Dmitry Peskov, Peskov, KCNA, Jo Chun Ryong, Hyunsu Yim, Josh Smith, Soo, hyang Choi, Lidia Kelly, Guy Faulconbridge, Jack Kim, Gerry Doyle Organizations: Sputnik, REUTERS Acquire, North, DPRK, Democratic People's, Russia, Kremlin, Vostochny, Munitions Industry, Thomson Locations: Amur, Russia, North Korea, South Korea, MOSCOW, SEOUL, Washington, Democratic People's Republic of Korea, North, Moscow, Ukraine, Pyongyang, Vostochny Cosmodrome, Russia's, South, United States, Korea, Seoul, Tokyo, Melbourne

☆ Buy this defense technology stock as acquisitions add long-term value, Citi says
▼ + stars: | 2023-09-11 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Citi says L3Harris Technologies ' short-term growth headwinds are outweighed by expanding defense budgets. The bank resumed coverage of the defense technology stock on Monday with a buy rating and a $193 per share price target. L3Harris stock has slumped nearly 19% since the start of the year, after falling in three of the five years from 2018 through 2022. LHX YTD mountain L3Harris Technologies stock. "Execution is key at this point given elevated leverage after a recent string of acquisitions," Gursky said.

Persons: Jason Gursky, Rocketdyne, Gursky, — CNBC's Michael Bloom Organizations: Citi, L3Harris Technologies, U.S Locations: Ukraine

☆ Top Ukrainian advisor warns the war is coming to Russia and 'cannot be stopped' as drones destroy Russian aircraft
▼ + stars: | 2023-08-30 | by ( Chris Panella | ) www.businessinsider.com time to read: +2 min

A top Ukrainian advisor says the war is increasingly crossing into Russia and can't be stopped. Recent drone attacks have damaged Russian aircraft and jets far from the front lines. The fiery comments come amid increasing drone strikes inside Russian territory, including an attack over the weekend that Ukraine said damaged Russian fighter jets. Ukraine said it hit the jets with Australian-made "cardboard" drones that have a range of up to 75 miles. Drone attacks on Russia — Ukrainian-claimed or otherwise — are not new.

Persons: Mykhailo Podolyak, Volodymyr Zelenskyy Organizations: Twitter, Service, Ukraine's Security Services, intel Locations: Ukrainian, Russia, Wall, Silicon, Ukraine, Russian, Soviet, Moscow

☆ UK flight disruption will take 'days' to fix after technical glitch causes travel chaos
▼ + stars: | 2023-08-29 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

The United Kingdom's air traffic control systems have grounded thousands of flights on one of the busiest travel days of the year. LONDON — A technical glitch which has caused hundreds of U.K. flights to be disrupted could take "days" to fix, causing chaos for passengers during the busy summer travel period. Hundreds of flights were delayed and canceled Monday after a systems failure at the U.K.'s air traffic control services left operators unable to automatically process flight plans. Britain's National Air Traffic Service said several hours later that it had resolved the issue, but warned that it would take time for normal flight schedules to resume. The issue comes during the U.K.'s busy public holiday travel period, with many people returning from summer vacations.

Persons: Juliet Kennedy, Kennedy, Mark Harper, Harper Organizations: LONDON, Air Traffic Service, London's, London Gatwick, BBC Radio, Civil Aviation Authority Locations: Heathrow, Manchester

☆ North Korea's space launch program and long-range missile projects
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +5 min

North Korean leader Kim Jong Un gives field guidance at the Seohae satellite launch site, in North Korea, in this photo released on March 11, 2022 by North Korea's Korean Central News Agency (KCNA). Dec. 12, 2012: North Korea successfully launches the Kwangmyongsong-3, putting an object in orbit. April 2013: North Korea establishes the National Aerospace Development Administration (NADA) which purports to pursue space exploration for peaceful purposes. Aug 29, 2017: North Korea fires an intermediate range missile over northern Japan, prompting warnings to residents to take cover. March 16, 2023: North Korea test launches the Hwasong-17 ICBM, its biggest missile, which some analysts believe incorporates technology for space launch vehicles.

Persons: Kim Jong Un, KCNA, Kim Jong Il, Hyon, ”, Kim, Jack Kim, Ed Davies, Josh Smith, Gerry Doyle Organizations: Korean Central News Agency, REUTERS, Rights, Japan's Coast Guard, ., North Korea, National Aerospace Development Administration, United, International, Japan, International Maritime Organization, Pacific, Thomson Locations: North Korea, North, Rights SEOUL, South Korea, United States, Korea, Pyongyang, Japan, U.S, East China

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