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☆ Xi wants the world to know China's military is totally loyal despite the purges
▼ + stars: | 2024-07-27 | by ( Michael Peck | ) www.businessinsider.com time to read: +5 min

China's military is loyal and will faithfully execute the policies set down by the Communist Party. In June, Chinese Leader Xi Jinping reminded the Central Military Commission — the country's top political-military body — that the military reports to the Communist Party. "Xi stressed that political work is always the lifeline of the country's military. "Xi stresses PLA's political loyalty at crucial meeting held in old revolutionary base," read the Global Times headline. Beyond military corruption, Xi also is concerned about what he sees as decadence in Chinese society — especially among young people — which is undermining Chinese military power.

Persons: Xi Jinping, Xi, Mei, he'd, he's, Stalin, Michael Peck Organizations: Service, Communist Party, Central Military Commission, Global Times, Business, Party, Times, People's Liberation Army, PLA, RAND Corp, Taiwan, PLA Rocket Force, CMC, Soviet Union, Political, Red Army, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: China, US, China —, Germany, Soviet Union, Forbes

☆ Apple and Microsoft are among the 'Magnificent Seven' stocks set to report next week. Here's what that means
▼ + stars: | 2024-07-26 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

On Friday, the tech-heavy S & P 500 and Nasdaq Composite ended the week with losses, down 0.8% and 2.1%, respectively. However, the bulk of Magnificent Seven results is set for release in the week ahead. As it is, all seven of the Magnificent Seven companies closed out the week with losses. FOMC meeting, July jobs report Elsewhere, investors will also be reviewing the latest Federal Reserve interest rate decision set for release on Wednesday. Traders will also get insight into the labor market next week, with the release of the July jobs report on Friday.

Persons: Russell, Ryan Grabinski, John Belton, Tesla, Belton, FactSet, Stanley Black, Decker, Lam, Kraft Heinz, Ingersoll Rand Organizations: Nasdaq, Dow Jones Industrial, Microsoft, Facebook, Apple, Nvidia, 2H, 3Q, Gabelli, Traders, Dallas Fed, Semiconductor, Nation Entertainment, Electronic Arts, Starbucks, Match Group, Caesars Entertainment, Corning, Howmet Aerospace, Procter, Gamble, Pfizer, Merck, Co, PayPal, ADP, Civilian Workers, Chicago PMI, MGM Resorts International, Allstate, Lam Research, eBay, Qualcomm, Western, Cruise Line Holdings, Hess, Boeing, Mobile, Marriott International, GE Healthcare Technologies, Generac Holdings, Mastercard, Labor, PMI, Manufacturing, Intel, Holdings, Motorola Solutions, Technology, Air Products, Chemicals, Jobs, Exxon Mobil, Chevron Locations: Chicago, Albemarle, Kellanova, Hershey, Moderna

☆ Ukraine's US-provided Bradley armored fighting vehicles are turning heads in tough battles against Russia
▼ + stars: | 2024-07-26 | by ( Tom Porter | ) www.businessinsider.com time to read: +8 min

Read previewIn a snowy landscape near Stepove in eastern Ukraine, Russian and Ukrainian armored vehicles went head-to-head in what appeared to be a mismatched fight. The Russian tank's turret starts spinning, and then the tank veers off course and crashes into a tree. Advertisement"So armored vehicles dash in, fulfill their combat mission, and then withdraw as fast as they can," said Gressel. Only weeks later, a Bradley took out two BTR-82 Russian armored troop carriers in the same region. AdvertisementParakilas, the RAND analyst, said that the Pentagon is modifying the Bradley vehicles to better defend them against the drone and air attacks that proved devastating against the western-supplied armored vehicles in summer 2023.

Persons: —, Vladimir Putin, Bradley, IFV, Gustav Gressel, Jacob Parakilas, Gressel, Scott Peterson, they've, Abrams Organizations: Service, 47th Mechanized Brigade Bradley, Business, Bradley, Ukraine, Russia, European Council, Foreign Relations, RAND Corporation, CNN, Washington Post, American, LB, Getty, RAND Locations: Stepove, Ukraine, Ukrainian, Russian, Russia, Zaporizhzhia, Baghdad, Adviikva

☆ Strong earnings from industrial AI play Dover prove the stock belongs in our portfolio
▼ + stars: | 2024-07-25 | by ( Jim Cramer | ) www.cnbc.com time to read: +8 min

Dover's active portfolio management and commitment to capital returns sweeten the investment case. Tobin said the moves will boost Dover's clean-energy portfolio and decrease its exposure to more cyclical capital equipment businesses. I think that what's doing better than planned as the margin performance of the business has just been exemplary through the quarter," Tobin said. Guidance Dover now expects adjusted full-year earnings per share between $9.05 and $9.20, up from its previous range of $9.00 to $9.15. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: —, Ingersoll Rand, Jim Cramer, Richard Tobin, Tobin, Encouragingly, It's, Marshall Excelsior, Demaco —, we've, That's, it's, DOV YTD, Dover, biopharma —, Danaher, he's, Jim Cramer's, DOV, Jim, Rafael Henrique Organizations: LSEG, IDEX Corp, Dover, Environmental Solutions Group, Engineered Products, Management, Solutions, Sustainability Technologies, Sustainability Tech, Environmental Solutions, CNBC, Getty Locations: Dover, Veralto, Michigan, biopharma

☆ Global IT outage recovery: Is Big Tech too big to fail?
▼ + stars: | 2024-07-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGlobal IT outage recovery: Is Big Tech too big to fail? Jonathan Welburn, RAND senior analyst, joins 'Squawk Box' to discuss how the concept of 'too big to fail' can encompass technology, what can be done about the issue, and more.

Persons: Jonathan Welburn Organizations: Tech, RAND

☆ Another Israeli war could put a strain on the West's artillery production, with Ukraine paying a price
▼ + stars: | 2024-07-24 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +6 min

Significant pressure on productionThe US and Europe have ramped up artillery production rates to try to outgun Russia and meet Ukraine's battlefield needs. However, he noted that Israel would fight a "very" different type of war with Hezbollah than Ukraine is fighting with Russia. Ukraine could pay a priceCancian doesn't believe that Ukraine would run out of artillery projectiles. Levantovscaia said diverting artillery to Israel could potentially cost Ukraine the war, but said she wasn't "100% sold," and that Ukraine's innovation and determination could counterbalance that. Even so, Temnycky said that any new limits on arms and ammunition would "certainly" make the objective of winning the war in Ukraine harder.

Persons: —, Daniel Hagari, Raphael Cohen, Kathryn Levantovscaia, Jeff Jurgensen, Levantovscaia, Mark Temnycky, RAND's Cohen, Israel, Mark Cancian, Cohen, Temnycky Organizations: Service, Hezbollah, Israel Defense Forces, Business, Israel's Air Force, Russia, RAND Project Air Force, Forward Defense, Strategy, Defense Ministry, Pentagon, CNN, Council's Eurasia, Hamas, Marine, Center for Strategic, International Studies, RAND, Israel, Ukraine Locations: Israel, Iran, Lebanon, Gaza, Ukraine, Europe, Russia, United States

☆ The Senate has a new plan to ban congressional stock trading. Here's what's in it.
▼ + stars: | 2024-07-24 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

Read previewOn Wednesday, a key Senate panel approved a bill that would ban lawmakers from trading stocks. The Senate Homeland Security and Government Affairs Committee approved the legislation — known as the Ending Trading and Holdings in Congressional Stocks (ETHICS) Act — by an 8-4 vote. AdvertisementPolling has shown for years that the idea of banning lawmakers from trading stocks in broadly popular among members of both parties. This is the most significant progress on a stock trading ban in yearsThe last time either chamber got close to passing a stock trading ban was in September 2022, when House Democrats proposed a sweeping bill that included a major loophole and had little time to be vetted by members. Many saw the effort as a sham designed to appease those who had been pushing for a stock trading ban.

Persons: —, Republican Sens, Rand Paul of Kentucky, Ron Johnson of, Mitt Romney, James Lankford, Democratic Sen, Jeff Merkley, they've, There's, Merkley, Jon Ossoff, Josh Hawley, Missouri —, Gary Peters of, Wednesday's, Chuck Schumer Organizations: Service, Senate Homeland Security, Government, Committee, Holdings, Congressional, Republican, Business, Democratic, Treasury, House Democrats, Gary Peters of Michigan Locations: Ron Johnson of Wisconsin, Utah, Oklahoma, Oregon, Georgia, Missouri

☆ China and Philippines already at odds over South China Sea deal to ease Second Thomas Shoal tensions
▼ + stars: | 2024-07-23 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +7 min

The dilapidated BRP Sierra Madre ship of the Philippine Navy is anchored near Second Thomas Shoal in the Spratly group of islands in the South China Sea. Beijing claims “indisputable sovereignty” over almost all of the 1.3 million-square-mile South China Sea, and most of the islands and sandbars within it, including many features that are hundreds of miles from mainland China. Under President Ferdinand “Bongbong” Marcos Jr, the Philippines has taken increasingly assertive steps to protect its claim to shoals in the South China Sea, leading to several confrontations off the Philippine islands. The US is not a claimant to the South China Sea, but says the waters are crucial to its national interest of guaranteeing free passage through seas worldwide. A close up view taken on March 29, 2014 of the BRP Sierra Madre beached near the Second Thomas Shoal, part of the Spratly Islands in the South China Sea.

Persons: Hong Kong CNN —, Shoal, Ren’ai Jiao, ”, Mao Ning, pushback, Ritchie, Ferdinand “ Bongbong ” Marcos Jr, Marcos, Jake Sullivan, ” Sullivan, Thomas Shoal, Erik de Castro, Gregory Poling, “, ” Derek Grossman Organizations: Hong Kong CNN, BRP Sierra Madre, Foreign Ministry, The Philippine Department of Foreign Affairs, BRP, Philippine Navy, coastguard, US Navy, Aspen Security, US National, Reuters, Transparency Initiative, RAND Corporation Locations: Hong Kong, South, Manila, Beijing, Philippine, Spratly, Philippines, China, Palawan, Madre, South China, Second, The Philippines, Malaysia, Vietnam, Brunei, Taiwan, The Hague, Scarborough, BRP Sierra Madre, Washington, United States, Sierra Madre, BRP Sierra, Asia

☆ In a Taiwan war, the US could find itself fighting China without its top allies
▼ + stars: | 2024-07-21 | by ( Michael Peck | ) www.businessinsider.com time to read: +8 min

The study excluded nations that already faced a risk of direct conflict with China, the US and their respective allies. On the other hand, America's top allies don't share American fears that a massive Chinese military buildup and Chinese leader Xi Jinping's avowed determination to "reunify" Taiwan with China are steps toward war, but rather may be nationalistic posturing. AdvertisementYet if Japan, Australia, Britain and Canada are reluctant to confront China, there are actions they can take to help Taiwan. In addition, the four middle powers could play a role in mediators to prevent a Taiwan war from happening. "To build credibility with both great powers, the four middle powers need to rebuild and bolster their strategic autonomy, material power, and commitment to the Asia-Pacific region."

Persons: Rafiq Dossani, isn't, Xi Jinping's, China's, Dossani, Michael Peck Organizations: Service, America's, RAND Corp, RAND, Business, Taiwan's Ministry of Foreign Affairs, Canada, Chinese Communist Party, NATO, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Taiwan, China, Japan, Australia, Canada, American, South Korea, India, Beijing, Asia, South China, Pacific, Okinawa, East China, Britain, Europe, Forbes

☆ South African police discover multimillion-dollar meth lab on farm
▼ + stars: | 2024-07-20 | by ( Amarachi Orie | Nimi Princewill | ) edition.cnn.com time to read: +2 min

CNN —Police in South Africa arrested four people including two Mexican nationals after uncovering a multimillion-dollar drug manufacturing lab on a farm in the country’s north. After searching four structures on the property, police found large quantities of chemicals used to make illicit drugs including acetone and crystal meth, with an estimated street value of 2 billion South African rand ($109.4 million). Police found large quantities of chemicals used to make illicit drugs including acetone and crystal meth. South African Police ServiceThe four suspects detained on Friday include the farm owner and two Mexican nationals, the police service said, adding that the Hawks are not ruling out the possibility of further arrests. The suspects will appear at Groblersdal Magistrate’s court on Monday on charges of manufacturing, dealing and possessing illicit drugs, according to the police service.

Persons: SAPS, ” Katlego Organizations: CNN — Police, South African Police Service, Police, African Police Service, Hawks, Reuters, Global, Transnational, United Nations Office, Drugs Locations: South Africa, Groblersdal, ”

☆ US-made Abrams are better than Russia's best tanks in the war, Ukrainian commander says, and it's not even close
▼ + stars: | 2024-07-18 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Read previewUkraine is operating a small fleet of US-made Abrams tanks, combat-proven vehicles that were built to destroy Russian armor. Another sophisticated Russian tank is the T-80BVM, which according to Oryx has suffered at least 150 losses. Russian Defense Ministry Press Service via APZakon did not specify on T-90 variants when he compared the American-made Abrams to Russian armor. M1A1 Abrams tanks needed for training Ukrainian soldiers await offloading in Grafenwoehr, Germany. "We do need Abrams tanks, we do need people, and first of all, we do need dynamic protection," Zakon said, adding that "we need them as much as possible."

Persons: —, Abrams, Ukraine hasn't, YASUYOSHI CHIBA, Vladimir Putin, Gian Gentile, RAND's, it's, Zakon, Volodymyr Zelenskyy, Christian Carrillo, Rinat Organizations: Service, Business, Kyiv, YASUYOSHI, Getty, Mechanized Brigade, Russia, Oryx, Russian Defense Ministry Press Service, AP Zakon, RAND's Arroyo Center, US Army, Ukrainian, US, Spc, Rinat Akhmetov's Locations: Ukraine, Ukrainian, Soviet, Russian, Kharkiv, AFP, Russia, Moscow, Grafenwoehr, Germany

☆ Work from home could lead to more homes in vacant offices
▼ + stars: | 2024-07-17 | by ( Samantha Delouya | ) edition.cnn.com time to read: +7 min

At first glance, The Crosby, an apartment building that opened in 2020 in Los Angeles’ Koreatown neighborhood, seems like a typical luxury high-rise. And most office buildings have central air conditioning, so the system needs to be replaced with individual cooling and heating systems for each unit. “Only about 15% of office buildings here in the markets that we’re based in are potentially good candidates for office-to-housing conversions,” Sherman said. While that may initially seem like a positive, apartment units need to have access to windows facing the exterior. Local governments aren’t only pushing for office building conversions, though.

Persons: CBRE, Crosby, West, ”, Jaime Lee, “, we’ve, ” Lee, Chris Sherman, ” Sherman, Sherman, you’re, Jason Ward, Ward, Eric Adams, John Watson, ” Watson, Watson, Kelly Wilkinson Organizations: CNN, Moody’s, Texaco, Jamison Group, ”, Jamison, Sherman Associates, “, Local, RAND, Housing, Homelessness, New York City, Pfizer, Indianapolis Star Locations: United States, Los Angeles, Koreatown, West Coast, Minneapolis, New York, New, Indianapolis, “, Indiana University's

☆ Russia's showing NATO its hand in the air war over Ukraine
▼ + stars: | 2024-07-13 | by ( Sinéad Baker | Jake Epstein | ) www.businessinsider.com time to read: +21 min

Experts told Business Insider the Ukraine war has underscored how some elements of modern air combat are radically changing. And in fights like Desert Storm and the Iraq War, the West established air superiority by taking out its opponent's air defenses. The Russian air force can't meet Western air forces air to air in a major attack without being "shot to pieces," Bronk said. "Nobody really wants an air war with Russia," said John Baum, a Mitchell Institute expert and retired US Air Force lieutenant colonel. "It is not a highly desirable thing, I think, from either side, to want to have this air war."

Persons: It's, Justin Bronk, hasn't, DIMITAR DILKOFF, Bronk, Andrew Curtis, Mark Cancian, Guy Snodgrass, Hoshang, Giorgio Di Mizio, David Allvin, it's, James Hecker, NATO hadn't, " Hecker, that's, Maxim Shemetov, Fabian Hinz, Riivo Valge, Mattias Eken, They're, Paula Bronstein, Anthony Sweeney, US Army Cancian, REUTERS Lockheed Martin, Timothy Wright, disaggregation, Schmuelgen Jarmo Lindberg, Evelyn Hockstein Valge, John Baum Organizations: Kyiv, NATO, Business, Royal United Services Institute, Western, Getty, US Air Force, Storm, Marine, Center for Strategic, International Studies, Russian Defense Ministry Press, AP Russia, AP, Hudson Institute nonresident, International Institute for Strategic Studies, REUTERS, RAND Corp, Patriots, US Army, West, Patriot, Ukraine, REUTERS Lockheed, Finnish Defense Forces, Eurofighter Typhoons, Mitchell Institute Locations: Ukraine, Russia, Russian, AFP, Iraq, Europe, West, Afghanistan, Baltic, Western Europe, Estonian, Finnish, Finland, Washington

☆ South Korea to mass produce lasers that can take out drones at $1.50 a hit
▼ + stars: | 2024-07-11 | by ( Yoonjung Seo | Brad Lendon | ) edition.cnn.com time to read: +3 min

Seoul, South Korea CNN —South Korea is beginning the mass production of a low-cost laser weapon that has successfully shot down small drones during testing, the country’s key arms agency said Thursday. The release did not give a cost for the weapon, but said each shot fired would only cost about $1.50. In Ukraine, the Middle East and elsewhere, small drones - some available off the shelf - have shown the ability to disable or destroy multimillion-dollar pieces of military hardware, including tanks. The agency said South Korea is the first country to publicly acknowledge it will deploy a mass-produced laser weapon. In 2022, the US Navy successfully tested a high-energy laser system against a target representing a cruise missile.

Persons: DAPA, ” James Black, ” Organizations: South Korea CNN, Korea’s, Administration, RAND, Korea Institute for Defense, Hanwha Aerospace, US Navy Locations: Seoul, South Korea, Ukraine, RAND Europe, Britain

☆ North Korean troops could be sent to Ukraine due to their sheer numbers, not their effectiveness, experts say
▼ + stars: | 2024-07-07 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +6 min

Read previewSpeculation has been growing that North Korea could send troops to Ukraine. As of now, the prospect of North Korean soldiers being deployed to Ukraine is speculative and unlikely, experts told Business Insider. "Given what we know about nutrition in North Korea, even in the army, they might have issues," he told BI. But if it does, he added that North Korean soldiers may "simply" be helping rebuild a destroyed city like Mariupol. Bennett, from RAND, said he thinks it is "fairly likely" that North Korea will send troops to Ukraine, without elaborating further.

Persons: —, Pat Ryder, Edward Howell, John Hardie, Evans Revere, Albright, Revere, George W, Bush, Bruce Bennett, Kim Jong Un, Bennett, Kim, Wallace Gregson, Benjamin Young, Young, Guns, Hardie, Howell Organizations: Service, South Korea's, Chosun, Korean, Business, Pentagon, Military Commission, Institute, North, Korea, Chatham, Programme, Foundation for Defense of Democracies, Korean People's Army, Group, East, RAND, US Marine Corps, Pacific Security Affairs, Chatham House, Virginia Commonwealth University, Great Locations: Korea, Ukraine, Russia, North Korea, South, Chatham House's Asia, Korean, East Asia, Pacific, South Korea, Koreans, Howell, Chatham, Europe, Mariupol

☆ A European rival to HIMARS takes shape
▼ + stars: | 2024-07-07 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

Europe is building a multiple rocket launcher that resembles America's HIMARS, the ground-fired weapon that took on the precision strike missions that Ukraine's battered air force couldn't. Many, such as France's LRU and Germany's MARS 2, are based on the U.S. M270, a tracked mobile rocket launcher, and its Guided Multiple Launch Rocket System rockets. One HIMARS launcher can carry six GMLRS rockets or one longer-range ATACMS ballistic missile. HIMARS rockets destroyed Russian ammunition depots and headquarters, disrupting logistics and command and control, and spurring Russian forces to move vital facilities deeper behind their lines. Collectively, such trends are prompting some militaries to consider possible alternatives to the US HIMARS system, though certainly that remains a major player in this competition for contracts."

Persons: HIMARS, KNDS, EuroPULS, hasn't, Emely Gonzalez, What's, Elbit, Lockheed Martin, that's, Elbit's PULS, James Black, Michael Peck Organizations: Service, Franco, Systems, Israel Defense Forces, High, Artillery, U.S ., US Marine Corps, HIMARS, Lockheed, Munitions, MARS, US Defense Department, RAND, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Ukraine, HIMARS, Germany, Europe, Netherlands, Denmark, RAND Europe, Forbes

☆ Russia has forced the West to ramp up production of older weapons — even gear it wasn't making any more
▼ + stars: | 2024-07-05 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +7 min

Read previewRussia's invasion of Ukraine has resulted in a surge in demand, orders, and manufacturing of Western weaponry, including decades-old equipment and even gear that had gone out of production. The result is more orders and manufacturing, even of Western equipment where production had stopped. Its maker, Lockheed Martin, is increasing production as well as its production of the antitank missile system. Russia has also ramped up its wartime production, which could aid it in the future and not just against Ukraine. One solution would have been countries ramping up their orders and production earlier in the war, Di Mizio said.

Persons: —, it's, Jan Kallberg, hasn't, Lockheed Martin, Diehl, Timothy Wright, Mark Cancian, Vladimir Putin, Mikhail Klimentyev, Mattias Eken, Cancian, Diego Herrera Carcedo, Giorgio Di Mizio, Kallberg, Di Mizio Organizations: Service, Business, Manufacturing, Center for, Army Cyber Institute, US Army, Air Missile System, High Mobility Artillery Rocket Systems, Getty, IRIS, Patriot, International Institute for Strategic Studies, Financial Times, Center for Strategic, International Studies, Russia Western, Military, Sputnik, REUTERS, Ukraine, Russia, RAND Corporation, Anadolu Agency Locations: Ukraine, Russia, West, Norway, Europe, Bakhmut, Donetsk Oblast, France, Kremlin, REUTERS Russia

It was a one-time, lump-sum special separation benefit offered to service members when the U.S. had to reduce its active-duty force. Courtesy Vernon ReffittThousands have found themselves in Reffitt’s position due to a little-known law that prohibits veterans from receiving both disability and special separation pay. Under the law, the VA has to recoup special separation benefits from veterans before those eligible can begin receiving disability payments. Army veteran Daphne Young said she would not have taken the separation pay had she known. Under the law, veterans have a chance to pursue a waiver of their recoupment responsibilities for voluntary separation pay, but the standards are high.

Persons: Vernon Reffitt, Reffitt, Stephanie Rennane, Rennane, it’s, Daphne Young, Daphne Young Young, Young, Marquis Barefield, Barefield, Shane Collins, Collins, Ruben Gallego, Gallego, I’ve Organizations: Department of Veterans Affairs, RAND Corporation, NBC News, Army, Young, DAV, American Veterans, Veterans, recoupment, RAND, Marine, Marines, Pentagon, Defense Locations: U.S, Twin City , Georgia, Panama, Honduras, Germany, Columbus , Georgia, Iraq, Afghanistan, Twin Falls , Idaho, United States

☆ The Houthis are getting smarter with their Red Sea attacks, and the ships sailing these waters are paying the price
▼ + stars: | 2024-06-29 | by ( Jake Epstein | ) www.businessinsider.com time to read: +10 min

'A useful disguise' for the HouthisBetween December and March, Houthi attacks damaged at least 19 commercial ships, according to a June 13 report published by the Defense Intelligence Agency. US Central Command via AP, FileThe following weeks saw a decrease in the pace of successful Houthi attacks. AdvertisementYemen's Houthi group released a video showing an explosive-laden drone boat target a commercial vessel earlier this month. AdvertisementDouble taps and drone boatsBeyond the recent double-tap strikes, the Houthis' ability to learn from past attacks is visible in their drone boat operations. In this photo released by the French military, the MV Tutor sinks in the Red Sea after it was struck by a Houthi drone boat.

Persons: —, Archer Macy, Behshad, Houthis, Brian Carter, Ambrey, Carter, they're, des, they'll, Macy, they've, Alex Stark, John Kirby, Kirby, Yemen —, Dwight D, Theodore Roosevelt Carrier, Stark Organizations: Service, Business, US Navy, Defense Intelligence Agency, US military's Central Command, US, Command, AP, Military Times, American Enterprise, Houthi Media, Getty, des Armées, AP Experts, Center for Strategic, Studies ' Missile Defense, RAND Corporation, National Security, Eisenhower, Eisenhower Carrier Strike, Theodore Roosevelt Carrier Strike Group Locations: Gulf of Aden, Iran, Iranian, Yemen, Tehran, Israel, Gulf, Aden, Ukraine, Russian, Red, France, Sanaa

☆ China and Russia are in a bad marriage that the West shouldn't try to break up
▼ + stars: | 2024-06-29 | by ( Michael Peck | ) www.businessinsider.com time to read: +10 min

Already, Russia's military and China's People's Liberation Army have held around 25 joint exercises since 2005, involving ships, aircraft and ground troops. Equally important is that China has become a key enabler of Russia's war in Ukraine. Advertisement"Policymakers and planners should avoid overestimating the state of military cooperation and operational integration that exists between Russia and China," RAND warned. AdvertisementDespite boasting of their military ties, Russia and China don't have much faith in each other's military prowess. In their 2001 friendship treaty, China and Russia did agree to consult with each other should either nation be attacked.

Persons: Mladen Antonov, Russia's, Mark Cozad, Cozad, Hitler, Michael Peck Organizations: Service, Communist, Business, NATO, RAND Corp, Liberation Army, British, RAND, PLA, People's, Army, Russian, Grand Alliance, Western Allies, Central, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Soviet Union, China, Beijing, Moscow, U.S, Russian, Europe, Taiwan, Ukraine, Russia, Britain, South Korea, America, Vietnam, Korea, Syria, West, Central Asia, United States, Forbes

☆ Russia's navy sought a safer spot, but is still at the mercy of Ukraine's drones and missiles, experts say
▼ + stars: | 2024-06-29 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +5 min

The sea, which borders occupied southern Ukraine, is connected to the Black Sea via the Kerch Strait, and, crucially, Russia controls its coastline. AdvertisementUkraine's attacks have forced Russian warships to withdraw from Crimea and relocate to safer waters, where they have also come under attack. But this doesn't mean ships there will be safe from Ukraine's aerial drones and missiles, experts told BI. But he added that "Russia's warships in the Azov Sea are still at the mercy of Ukrainian missiles and aerial drones." AdvertisementMeanwhile, Russian "missiles can reach most of Ukraine from the Sea of Azov and ports along the Russian Black Sea coast," Clark said.

Persons: —, Dmitry Pletenchuk, Pletenchuk, Matthew Boyse, Basil Germond, Mark Temnycky, Scott Savitz, Bryan Clark, Clark, Steven Horrell, Igor Delanoë, Savitz Organizations: Service, Kyiv Independent, Business, Naval Forces of, Armed Forces of, Hudson Institute's Center, Lancaster University, Council's Eurasia Center, RAND, US Navy, Hudson Institute, Transatlantic Defense, Security, Center for Locations: Russian, Azov, Kyiv, Ukraine, Kerch, Russia, Crimea, Armed Forces of Ukraine, Europe, Eurasia, Ukrainian, Western

☆ US stockpiles of the rare earth minerals it would need to fight a war against an adversary like China are a mystery, and experts warn it's a problem
▼ + stars: | 2024-06-27 | by ( Kelsey Baker | ) www.businessinsider.com time to read: +8 min

Part of the military's mission at home is to keep stockpiles of goods like critical minerals on hand for emergency wartime use. In the dark on the stockpileAlthough the name suggests otherwise, rare earth minerals are not exactly rare — in fact, they're relatively plentiful. The Biden administration began cutting American imports of Chinese rare earth minerals a few years ago in an effort to decrease US reliance on China for critical minerals. Submarines, fighter aircraft, magnets used in missiles, radar systems, and drones all require critical earth minerals for manufacturing. AdvertisementA past report for Congress on rare earth minerals for national defense, for instance, noted that a single Virginia-class submarine requires 9,200 pounds of rare earth minerals, while an Arleigh Burke-class destroyer requires 5,200 pounds.

Persons: —, Biden, Lockheed Martin, Gregory Wischer, Wischer, Arleigh Burke, Halsey, Sampson, Chris Williamson Fabian Villalobos, Locke Organizations: Service, Business, Pentagon, Lockheed, Getty, Gratia, Defense Logistics Agency, of, Department of Defense, Defense Industrial Strategy, . US, Pacific, DoD, Materials, Lynas, Joint Base, Hickam . US Navy, RAND Corporation, National Defense, NDS, Industrial Base Locations: China, Fort Worth, Virginia, Arabian, Japan, South Korea, United States, California, Lynas USA, Texas, Vermont, Hickam

☆ China employing 'gray zone tactics' at contested Second Thomas Shoal, Lowy Institute's Yaacob says
▼ + stars: | 2024-06-24 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

Chinese Coast Guard vessels fire water cannons towards a Philippine resupply vessel Unaizah May 4 on its way to a resupply mission at Second Thomas Shoal in the South China Sea, March 5, 2024. China said the United States must refrain from "stirring up trouble" or taking sides on the South China Sea issue, after U.S. Secretary of State Antony Blinken said a security deal with the Manila extended to attacks on the Philippine coast guard. China is employing "gray zone tactics" against the Philippines at the contested Second Thomas Shoal reef, a move likely aimed at avoiding U.S. intervention in the region, according to Lowy Institute's Rahman Yaacob. Last week, Philippine officials said Chinese forces damaged the country's boats and injured several sailors near the Second Thomas Shoal — claimed by both Beijing and Manila — in the Spratly Islands of the South China Sea. Gray zone tactics refer to "coercive actions that are shy of armed conflict but beyond normal diplomatic, economic, and other activities," according to Rand Corporation.

Persons: Shoal, Antony Blinken, Lowy Institute's Rahman Yaacob, Thomas Shoal —, Yaacob Organizations: Guard, U.S, Manila —, Asia Program, Lowy Institute, Rand Corporation, Philippine Locations: Philippine, South China, China, United States, Manila, Philippines, Beijing, Spratly Islands, Yaacob, Asia, India

Meanwhile, Jefferies increased its price target on Ingersoll Rand. Nagel also lifted his price target by $10 to $120, which now suggests shares have upside of 25.6%. Analyst Jason Bednar kept his overweight rating on the dental health stock while slashing his price target by $45 to $330. — Alex Harring 5:56 a.m.: Jefferies raises Ingersoll Rand price target The outlook for Ingersoll Rand is looking brighter after a recent acquisition, according to Jefferies. Analyst Stephen Volkmann reiterated his buy rating on the industrial stock and raised his price target to $110 from $105.

Persons: D.A, Davidson, Jefferies, Ingersoll Rand, Oppenheimer, bullish, Brian Nagel, Nagel, — Alex Harring, Piper Sandler, Jason Bednar, Bednar, Howard Ma, Ma, Evercore ISI's Amit Daryanani, Stephen Volkmann, Fred Imbert, Rudy Kessinger, Kessinger, Palo, PANW, Alex Harring Organizations: CNBC, Palo Alto Networks, Nike, Technology, 2Q, Guggenheim, workloads, Jefferies, ILC, Palo, Network Security, Cloud Security, Security Locations: ILC Dover, Palo Alto, Palo

☆ ‘Only pirates do this’: Philippines accuses China of using bladed weapons in major South China Sea escalation
▼ + stars: | 2024-06-20 | by ( Nectar Gan | Kathleen Magramo | ) edition.cnn.com time to read: +8 min

Hong Kong CNN —The Philippines has accused China’s Coast Guard of launching a “brutal assault” with bladed weapons during a South China Sea clash earlier this week, a major escalation in a festering dispute that threatens to drag the United States into another global conflict. A Philippine Navy serviceman on the rubber boat lost his right thumb when the Chinese Coast Guard rammed it, Torres said. China’s Coast Guard also deployed tear gas, “blinding” strobe lights and continuously blared sirens, the AFP said. “The Chinese Coast Guard personnel had bladed weapons and our personnel fought with bare hands. This is the closest China’s Coast Guard has come to the BRP Sierra Madre, Koh noted.

Persons: Thomas Shoal, –, ” Collin Koh, ” Koh, “, ”, Alfonso Torres Jr, Torres, Romeo Brawner Jr, ” Brawner, Ferdinand “ Bongbong ” Marcos Jr, Marcos, Matthew Miller, Enrique A, Antony Blinken, ” Derek Grossman, Koh, they’re, Thomas, Washington “, ” “ Organizations: Hong Kong CNN, Coast Guard, Chinese Foreign Ministry, Philippine, Rajaratnam, of International Studies, Philippine Navy, Armed Forces, Getty, Western Command, Chinese Coast Guard, China’s Coast Guard, Staff, Getty Images Mutual, South China, US State Department, Mutual Defense, RAND Corporation, China Coast Guard, Philippine personnel, Navy Special Operations Group, BRP, BRP Sierra Madre Locations: Hong Kong, Philippines, China, United States, Manila, Spratly, Philippine, Singapore, AFP, ’, China’s, South, States, US, Washington, South China, The Hague, Beijing, India, BRP Sierra, BRP Sierra Madre

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