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☆ Boeing pauses tests of 777X aircraft after finding damage to one of the jets' structures
▼ + stars: | 2024-08-20 | by ( Leslie Josephs | ) www.cnbc.com time to read: 1 min

A Boeing 777x aircraft during an aerial display on the opening day of the Farnborough International Airshow in Farnborough, UK, on Monday, July 18, 2022. Boeing said Monday that it has paused flight tests of its 777X after it found damage in a structure of one of the wide-body aircraft. The company said it discovered the damage to the custom part, which it said is between the engine and the airplane structure, during scheduled maintenance. No other flight testing was scheduled for the other aircraft, Boeing said. "Our team is replacing the part and capturing any learnings from the component and will resume flight testing when ready," Boeing said in a statement.

Organizations: Boeing, Federal Aviation Administration Locations: Farnborough

☆ AI is unlocking new uses for military drones, boosting demand for these companies
▼ + stars: | 2024-08-18 | by ( Pia Singh | In | ) www.cnbc.com time to read: +8 min

We're approaching a new era of defense, one that will use AI-enabled military drones that can run without a human operator. According to BTIG, the DoD requested $5.3 billion in fiscal year 2025 for unmanned systems, most of which is directed at procurement programs. The firm forecasts the DoD's entire unmanned funding requests to grow at a 9.5% compound annual growth rate through fiscal year 2029. General Dynamics is another of Madrid's buy-rated stock in the unmanned systems arena. Strong demand of its defense products, including ammo and ground vehicles, also indicate earnings growth potential, the analyst added.

Persons: Andre Madrid, BTIG, spender, They've, Stocks, Northrop, Lockheed Martin, Morgan Stanley, Kristine Liwag, Liwag, Northrop Grumman, Madrid, Northrop's, It's, Atomics, You've, they've, Kratos, Morgan Stanley's Liwag Organizations: U.S . Department of Defense, DoD, Aircraft, Air, U.S . Navy, U.S . Air Force, Pentagon, CCA, Department of Defense, Dynamics, Kratos Defense, Security Solutions, Northrop Grumman, Lockheed, Air Force, Raider, Defense, Northrop, Boeing, FactSet, General Dynamics, U.S . Army Locations: Nagorno, Karabakh, Ukraine, Madrid, France

☆ Burned and uninsured: Wildfires are leaving California’s housing market in trouble
▼ + stars: | 2024-08-18 | by ( Shania Baweja | Taylor Galgano | ) edition.cnn.com time to read: +8 min

That’s made home insurance increasingly unaffordable or even inaccessible – and that’s leaving more people in the same position as the Daneaus. California’s largest insurer, State Farm, requested a 30% rate increase for its homeowner’s line last month. Last year, California Insurance Commissioner Ricardo Lara reached an agreement with insurers with an aim to cover approximately 85% of properties in high-risk areas. “[My insurance plan] wasn’t canceled but my insurance company increased the rates quite a bit,” she said. But he cautioned there’s no guarantee of that, leaving homeowners like the Daneaus grappling with uncertainty.

Persons: Los Angeles CNN —, Michael, Kristy Daneau’s, Kristy, Michael Daneau, Kristy Daneau, That’s, “ We’re, ” Michael, ”, aren’t, Justin Sullivan, California’s, it’s, ” Michael Daneau, Ricardo Lara, Kristy Daneau's, what’s, Steve Hawks, Woolsey, Angela Wilson, LAEPF, Wilson, Brent Woodworth, there’s, “ I’m, we’ve, CNN’s Camila Bernal, Sarah Moon Organizations: Los Angeles CNN, Gas & Electric, Insurance Information Institute, California Department of Insurance, Farm, State, CNN, FAIR, California FAIR, California, Golden State, The Insurance Institute for Business & Home Safety, Institute for Business & Home Safety, for Business & Home, Los, Emergency Preparedness Foundation Locations: Cohasset, California, Paradise , California, Santa Monica, Malibu

MANILA, Philippines — The Philippine government said Tuesday that it had filed a diplomatic protest against Beijing after Chinese jets flew dangerously close and fired a volley of flares in the path of a Philippine air force patrol plane over a disputed shoal in the South China Sea. The Southern Theater Command of the Chinese People’s Liberation Army said Saturday that a Philippine air force aircraft “illegally” entered the airspace above the shoal, which China claims, disrupting its combat training activities. The command sent jets and ships to identify, track and drive away the Philippine aircraft, it added. In 2013, China announced a new Air Defense Identification Zone over the East China Sea that covers a chain of disputed islands also claimed by Japan. Washington has repeatedly warned that it is obligated to defend the Philippines, its oldest treaty ally in Asia, if Filipino forces, ships and aircraft come under an armed attack, including in the South China Sea.

Persons: Romeo Brawner Jr, ” Brawner, Teresita Daza, Ferdinand Marcos Jr, ”, Jay Batongbacal, ” Batongbacal, Thomas Shoal Organizations: Philippine military’s, Scarborough, seaway, ” Department of Foreign Affairs, ”, China, Southern Theater Command, People’s Liberation Army, Philippine, U.S, Air Defense, East China, Institute for Maritime Affairs, Law, University of the, Washington Locations: MANILA, Philippines, Beijing, Philippine, South China, Manila, China, People’s Republic of China, United States, Australia, Canada, East, Japan, Washington, University of the Philippines, Brunei, Malaysia, Vietnam, Thailand, Scarborough, Asia

☆ Colorado wildfires: How giant balloons could help to predict future blazes
▼ + stars: | 2024-08-13 | by ( Nell Lewis | ) edition.cnn.com time to read: +9 min

CNN —At the end of July, Colorado became the latest US state to battle the spread of wildfires. There are satellites, which orbit the exosphere, between 375 miles (600 kilometers) and 6,200 miles (10,000 kilometers) above Earth, and also provide imagery, but often of a much lower quality than one of Urban Sky’s balloons. Another upside of Urban Sky’s balloons is cost, he says. It wants to create a model for both selling the balloons outright and operating the balloons itself while selling data as a service. “As wildfires continue to increase in frequency, intensity, magnitude and duration, such technology for managing wildfires could not come soon enough,” says Fisher.

Persons: Alexander, Jared Leidich, ”, Leidich, Joshua Fisher, perimeters, Ben Miller, Riley Reid, Urban, Fisher Organizations: CNN, Initiative, Urban, Sky, Concorde, California’s Chapman University, NASA, The Colorado Center of Excellence, Technology, US Geological Survey, NASA FireSense Locations: Colorado, Fort Collins, South Dakota, Briggsdale , Colorado

☆ Ukraine wants more negotiating power as forces advance into Russia, humiliating Moscow
▼ + stars: | 2024-08-13 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

Ukrainian servicemen operate a Soviet-made T-72 tank in the Sumy region, near the border with Russia, on August 12, 2024, amid the Russian invasion of Ukraine. Ukraine's President Volodymyr Zelenskyy stated on Sunday that it was designed "to put pressure on the aggressor Russia" and to push "the war into the aggressor's territory." Russian official Alexei Smirnov, the acting governor of the Kursk region, told a solemn-looking Putin via videoconference Monday that Ukraine controlled 28 settlements. Analysts at the Institute for the Study of War said geolocated footage suggests Ukraine controls a higher number of around 40 settlements, as of Monday. Russia caught off guardPresident Putin vowed on Monday a "worthy response" to Ukraine's border raid, just as 11,000 more civilians were evacuated in Kursk's neighboring region Belgorod, due to "enemy activity."

Persons: Roman Pilipey, Vladimir Putin, Volodymyr Zelenskyy, Oleksandr Syrskyi, Alexei Smirnov, Putin, Gavriil Grigorov, Kostiantyn Liberov, Liberov Organizations: Afp, Getty, CNBC, Institute for, Sputnik, Ukrainian, United, Reuters, Russian Ministry of Defense, Russian, Ukrainian Armed Forces, Anadolu, Employees, Russian Emergencies Ministry Locations: Soviet, Sumy, Russia, Ukraine, Roman, Kyiv, Ukrainian, Kursk, Russian, Novo, Ogaryovo, Moscow, Kherson, Kharkiv, Turkey, United Arab Emirates, Kursk's, Belgorod, Kursk Oblast, Oryol

☆ Ukraine is extending its record of flipping the script on Russia through innovation and audacity
▼ + stars: | 2024-08-13 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

Read previewFor months, Ukraine had been on the back foot in its war against Russia, with the Kremlin's forces slowly winning control of new territory. But last week, Ukraine turned the dynamic of the war on its head, launching an audacious incursion into Russia's Kursk province. However, the training provided by Ukraine's Western allies gave Ukraine the capacity to surprise and outmaneuver Russia. It's unclear exactly how Ukraine managed to take Russia by surprise with its Kursk attack. Military experts said that Ukraine had also exploited the sluggishness and rigidity of Russian military commanders, who scrambled to devise an effective response to the attack.

Persons: —, Vladimir Putin, It's, Russia's, Jacob Parakilas, they've, it's Organizations: Service, Russia, Kremlin, Business, Black, Rand Corp, Soviet, Economist, Forbes, New York Times, Military Locations: Ukraine, Russia's Kursk, Russia, Russian, Ukrainian, Soviet, Donbas, Crimea, Kyiv, Kursk

☆ Major wildfire rages out of control around Athens; hundreds of firefighters deployed
▼ + stars: | 2024-08-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +4 min

Hundreds of firefighters backed by more than 30 water-dropping planes were battling a major forest fire raging out of control Monday on the northern fringes of the Greek capital. A car burns in Varnava village during a wildfire, north of Athens, Greece, on August 11, 2024. Three Athens hospitals were put on heightened alert to treat any potential injuries. It began Sunday afternoon about 35 kilometers (22 miles) from Athens and was fanned by strong winds that quickly drove it out of control. Women embrace after being rescued during a wildfire in Varnavas, north of Athens, Greece, on August 11, 2024.

Persons: Vassilis Kikilias, Michael Varaklas, ” Kikilias, Angelos Tzortzinis, ”, Vassileios Vathrakogiannis, “ Organizations: Civil, AP Authorities, Local, Authorities, Getty Locations: Greece, Athens, Varnava, Marathon, Varnavas, AFP, Mati

☆ Moscow and Kyiv trade barbs over nuclear plant fire as tempers flare over Ukraine's ongoing incursion
▼ + stars: | 2024-08-12 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

A fire broke out Sunday in Europe's largest nuclear power plant, located in southern Ukraine, with Ukraine and Russia trading blame over the incident. "As long as Russian terrorists retain control of the nuclear power plant, the situation is not and cannot be normal. A view of the Russian-controlled Zaporizhzhia nuclear power plant in southern Ukraine on June 15, 2023. He said he had met with Russia's President Vladimir Putin who had "clearly indicated increasing vigilance and attention to strategic infrastructure facilities, which include the nuclear power plant." International Atomic Energy Agency (IAEA) inspectors are seen at the Russian-controlled Zaporizhzhia nuclear power plant in southern Ukraine on June 15, 2023.

Persons: Volodymyr Zelenskyy, Zaporizhzhia, Zelenskyy, Olga Maltseva, Yevgeny Balitsky, Balitsky, Vladimir Putin, Alexei Smirnov, Roman Pilipey, Putin Organizations: Anadolu, Getty, Zaporizhzhya NPP, Afp, NATO, CNBC, International Atomic Energy Agency, IAEA, AFP, Russian Ministry of Defense, Russian, Ukrainian Armed Forces, Institute for, Kremlin, AP Locations: Zaporizhzhia, Ukraine, Russia, Anadolu, Moscow, Kyiv, Russian, Enerhodar, Europe, Zaporizhia, Kursk, Kursk Oblast, Soviet, Sumy, Ukrainian, Sudzha

☆ The US and some its allies just pulled off a milestone first by letting AI target enemies like it would in a war
▼ + stars: | 2024-08-12 | by ( Chris Panella | ) www.businessinsider.com time to read: +1 min

The US, UK, and Australia let AI detect and target enemies in a real-time simulated battle environment. The ground-breaking exercise is the first time AI was tested in this way, per the British military. The autonomous systems reduced the time it took to identify enemies. AdvertisementThe US and its allies employed artificial intelligence systems to target enemies in a real-time, simulated battle environment for the first time. The exercise marks a major moment in the AI race that's pushing the US, its allies, and adversaries to develop and deploy autonomous capabilities at a breakneck pace.

Persons: — Organizations: British, Service, Artificial Intelligence, US Army, Business Locations: Australia

☆ Russia, Facing Ukrainian Incursion, Maintains Pressure in Eastern Ukraine
▼ + stars: | 2024-08-12 | by ( Kim Barker | Evelina Riabenko | ) www.nytimes.com time to read: 1 min

Russian forces, even as they scramble to respond to a surprise incursion from northern Ukraine into Russia last week, are pummeling Ukrainian forces along the front lines in eastern Ukraine, Ukrainian military officials said Monday. “Our guys do not feel any relief,” said Artem Dzhepko, a press officer with Ukraine’s National Police Brigade, which is fighting near the strategically important town of Chasiv Yar in the Donetsk region of eastern Ukraine. He said Russian forces were continuing to use aerial bombs, as many as 10 a day, against Ukrainian positions. Mr. Dzhepko added: “It’s hard. Unfortunately, the pressure of the Russians did not decrease.”At the same time, Ukrainian troops have been pushing to the northwest and west in Russian territory, according to a briefing Sunday from the Institute for the Study of War, a U.S.-based think tank.

Persons: “, ”, Artem Dzhepko, Chasiv Yar, Dzhepko Organizations: Ukraine’s National Police Brigade, Institute for Locations: Ukraine, Russia, Ukrainian, Chasiv, Donetsk, U.S

“She ‘A.I.’d’ it, and showed a massive ‘crowd’ of so-called followers, BUT THEY DIDN’T EXIST!” Mr. Trump wrote on his social networking site, Truth Social. extent of rally crowd Hangar Graphic by The New York Times; aerial image by NearMapCrowd size is often a point of comparison between candidates, but Mr. Trump has now given it more intense focus. Some attendees waited for Ms. Harris’s arrival on elevated platforms that gave them a higher vantage point, but a majority stood on the floor. Brittany Greeson for The New York Times8:05 PM Camera viewpoint Attendees crowded near the stage as Ms. Harris spoke. Before Ms. Harris’s rally, Mr. Trump had already been focused on comparing crowd sizes at her rallies with those at his own.

Persons: Kellen Browning, Donald J, Trump, Kamala Harris, Trump’s, Harris, Julia Nikhinson, Tim Walz, Brittany Greeson, Jeff Kowalsky, Harris’s, Chuck Callesto, Mr, Callesto, Laura Loomer, Joe Hoft Organizations: New York Times, Detroit Rally Former, The New York Times, Michigan, Air Force, Agence France, Getty, Detroit Metro Airport, Trump, Mr Locations: Detroit, ”, —

☆ Drone photos show the elegance of animals in the wild from a perspective humans rarely see
▼ + stars: | 2024-08-12 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +1 min

The Siena Drone Awards highlight gorgeous images of wildlife photos from a unique perspective. Nominees include photos of an erupting volcano, polar bears, and migrating birds. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. 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 .

Persons: —, Forbes Organizations: Service, Business Locations: Siena

☆ Greece wildfires: Evacuations ordered near Athens as authorities try to contain blaze
▼ + stars: | 2024-08-12 | by ( Chris Liakos | Alex Stambaugh | ) edition.cnn.com time to read: +3 min

CNN —A fast-spreading wildfire continued to rage close to the Greek capital of Athens on Monday, prompting authorities to ask residents to evacuate their homes. Fire authorities warned Monday that the wildfire had “developed rapidly” and was heading towards Penteli, around 16 kilometers (about 10 miles) northeast of Athens. Greek authorities have battled dozens of blazes already this summer after enduring its hottest June and July on record. Kikilias warned over the weekend that “extremely high and dangerous weather conditions” would continue through Thursday. Angelos Tzortzinis/AFP/Getty Images“Winds overnight remained strong creating dangerous conditions.

Persons: Vassilis, Kikilias, Adonis Georgiadis, Angelos Tzortzinis, Vasilios Vathrakoyiannis, ” Organizations: CNN, ERT, Getty, ” CNN, Authorities Locations: Athens, Varnavas, Penteli, AFP, Greece

CNN —Ukrainian President Volodymyr Zelensky has confirmed Kyiv’s troops are fighting inside Russia, days into the surprise Ukrainian cross-border incursion into Russia’s Kursk region that has become a major embarrassment for the Kremlin. Now into its sixth day, the attack on Kursk is a significant development in the more than two-year old conflict. The surprise factor appear to have worked: as of Sunday, Russian troops seemed to struggle to stop the Ukrainian advances and push Kyiv troops back. The governor of Kursk region has urged authorities there to speed up evacuations on Sunday. Early on Sunday, Moscow launched drone and missile attacks against Kyiv region, according to local officials.

Persons: Volodymyr Zelensky, ” Zelensky, “, Zelensky, Vladimir Putin, ”, Mykola Oleshchuk, Gigova, Olga Voytovich Organizations: CNN, Kremlin, Kyiv, Ukrainian Air Force, UN, Rights Locations: Russia, Ukrainian, Russia’s Kursk, Ukraine, Moscow, Kursk, Belgorod, US, Kyiv, Brovary, Kostiantynivka, Donetsk, Russian, Iran

☆ Scores killed by Israeli strike on a school in Gaza City, health officials say
▼ + stars: | 2024-08-10 | by ( Freddie Clayton | Freddie Clayton Is A Freelance Journalist Based In London. | ) www.nbcnews.com time to read: +3 min

The strikes hit the Tabeen school in Gaza City, including the mosque inside it, during dawn prayers. Hamas denied that there was a command center in the school and in a statement, called the strike a "heinous massacre." The interior of the Tabeen school after an Israeli strike during dawn prayers on Saturday. According to the UN, 477 out of 564 schools in Gaza have been directly hit or damaged in the war. The civil defense, he added, continued to suffer from severe shortages, "and are working with simple manual equipment, which has not enabled the teams to perform their duties effectively and save lives."

Persons: Omar Al, Mohammed Al, Mogher, Ismail Haniyeh, Antony Blinken, Yoav Gallant, Matthew Miller, Blinken Organizations: Israel Defense Forces, NBC, UN, Getty, Gaza's Civil Defense, NBC News, National Hospital, United Nations, Qatari, Hamas, Israeli Locations: Gaza City, Gaza, AFP, Tehran, Beirut . American, Israel

CNN —At least 90 Palestinians have been killed in an Israeli strike on a school in Gaza, according to local officials. Gaza Civil Defense said the Al-Tabi’in school was housing displaced Palestinians in the Al-Daraj neighborhood in the eastern part of Gaza City when it was hit overnight into Saturday. Omar al-Qattaa/AFP/Getty ImagesIsraeli military action in Gaza has killed nearly 40,000 Palestinians and injured over 90,000, according to Gaza’s Ministry of Health. “Families are having a hard time identifying their children.”Displaced Palestinians gather in the yard of a school hit by an Israeli strike in Gaza City on August 10, 2024. Airstrikes on multiple school buildings sheltering displaced Palestinians last weekend killed at least 47, including many children, and injured dozens more.

Persons: “, Mahmoud Basal, ”, Omar al, ” Dr, Fadl Naim, Israel Organizations: CNN, Gaza Civil Defense, Israel Defense Forces, IDF, UN Human Rights, Getty, Gaza’s Ministry of Health, United Nations, Hamas, ” Locations: Gaza, Daraj, Gaza City, Israel, AFP, Al, Ahli

☆ Israel's urban warfare tactics in Gaza offer lessons for NATO armies
▼ + stars: | 2024-08-10 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

Urban warfare in Gaza has revealed a painful truth for NATO: Many of its armies are ill-prepared for fighting in crowded cities. There is good reason for concern: urban warfare has become a fixture of warfare on a rapidly urbanizing planet, from Fallujah in 2003 to Bakhmut in 2023. Israeli troops and their vehicles have faced challenges operating in sections of Gaza that the Israeli Air Force shattered. The biggest lesson of Gaza is the importance of firepower in urban warfare, according to RUSI. Related storiesFirepower played a decisive role "in determining initiative during the fighting in Gaza," RUSI said.

Persons: RUSI, Jack Watling, Nick Reynolds, Watling, Reynolds, Michael Peck Organizations: Service, NATO, Israel Defense Forces, British Army, Business, Royal United Services Institute, US Army, IDF, Israeli Air Force, Anadolu, Getty, Fighters, Hamas, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Gaza, British, Fallujah, Bakhmut, Israel, Ukraine, Russia, Forbes

☆ Israel airstrike on Gaza school kills more than 100, Hamas-run media office says
▼ + stars: | 2024-08-10 | by ( ) www.cnbc.com time to read: +2 min

More than 100 Palestinians were killed and dozens wounded in an Israeli strike on a Gaza school sheltering displaced people, the Hamas-run Gaza government said on Saturday, an airstrike the Israeli military said had targeted a Hamas command centre. The strikes hit when people sheltering at the school were performing dawn prayers, leading to many casualties, the Hamas media office said in a statement. The Israeli military said in a statement that its air force targeted a command and control centre where Hamas commanders and operatives were hiding. Since then, nearly 40,000 Palestinians have been killed in the Israeli offensive in Gaza, according to the Palestinian health ministry, which does not distinguish between combatants and civilians. Israel, which has lost 329 in Gaza, says at least a third of the Palestinian fatalities are fighters.

Organizations: Hamas, Health Locations: Gaza City, Israel, Gaza, United States, Egypt, Qatar, Iran, Tehran

Aiming to unseat three-term Democratic incumbent Jon Tester, Sheehy is founder of Montana-based Bridger Aerospace, an aerial firefighting company. On July 1, Sheehy resigned as chief executive of Bridger to focus on his Senate campaign; the company is seeking a replacement. In mid-June, an editorial in The Wall Street Journal echoed Griffin’s view, branding Sheehy’s company Bridger a success. The PAC spent $5.3 million for Sheehy and $5.7 million against his opponent, Tester, records show. In 2022, Sheehy’s cash and stock compensation neared $5 million, and last year, he received $2.5 million, Bridger’s proxy says.

Persons: Donald Trump, Tim Sheehy, Jon Tester, Sheehy, “, Bridger, Tim, ” Katie Martin, Louise Johns, Ken Griffin, Griffin, Stephen Schwarzman, “ Tim Sheehy, ” Griffin, Marc Cohodes, Cohodes, Sheehy’s, ”, Scott Olson, Blackstone, Matthew Sheehy, Bridger’s, Blackstone Tim Sheehy, Blackstone’s, ” Jon Tester, Andrew Harnik, Schwarzman, haven’t, Farrah Saint, Surin, Matthew, Martin, Bridger ”, Montana . Don, Melinda Crawford, Todd Hirsch, Thomas A, Waldman, Yocca Carlson, I’ve Organizations: Navy, Republican, Montana, Bridger Aerospace, International, Interior Department, U.S . Forest Service, Agriculture Department, Bloomberg, Getty, Wall, Citadel LLC, PAC, Commission, The Blackstone, “ Bridger Aerospace, Blackstone, Small Business Administration, Republican National Convention, Trump, ”, Cattle Company, Tallgrass Energy, Blackstone Group, Bridger, Forest Service, Bridger Air Tanker LLC, Bridger Air Tanker, SBA, ” Companies, Federal, NBC News, Mountain Air LLC, Mountain Air, Air, Service, U.S ., “, Montana ., Rauth Locations: Bozeman , Montana, Bozeman, Mont, New York City, Bridger, America, Montana, Gallatin County, Milwaukee, Riding, disbursements, Surin, ” Saint, U.S, Los Angeles

☆ Container explodes on cargo ship at China's key Ningbo port
▼ + stars: | 2024-08-09 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

An aerial photo is showing containers at Beilun Port in Ningbo, Zhejiang province, China, on April 11, 2024. BEIJING — A hazardous goods container exploded Friday on a cargo ship in China's high-traffic Ningbo port, Taiwanese vessel owner Yang Ming Marine Transport Corp. told CNBC in a statement. State-owned port operator Ningbo-Zhoushan said the ship was docked at the Beilun 2 container terminal, according to a post on Chinese social media. The port operator and Yang Ming both said the cause of the incident was not yet clear. Ningbo-Zhoushan is China's second-highest traffic port, located in eastern China's Zhejiang province.

Persons: Yang, Zhoushan, Yang Ming, Ruxandra Iordache Organizations: Yang Ming Marine Transport Corp, CNBC, YM, Shanghai Locations: Port, Ningbo, Zhejiang province, China, BEIJING, Liberia, Zhoushan, China's Zhejiang, Shanghai, Singapore

☆ Archaeologists uncover ancient pot of gold
▼ + stars: | 2024-08-08 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +5 min

Researchers discovered the stash in Notion, an 80-acre fortified city that was occupied from about the sixth century BC to the first century AD. “No one ever buries a hoard of coins, especially precious metal coins, without intending to retrieve it. One gold coin would have been the equivalent of a month’s salary for a mercenary soldier, according to the University of Michigan. Those were known as Persian silver sigloi, 20 of which would equate to one gold coin. Because of the gold coin’s high value, “it was far more efficient to store wealth in gold coins than in silver,” he added.

Persons: ”, Christopher Ratté, “, Alexander the, Persian King Darius, Peter van Alfen, ” van Alfen, Ratté, van Alfen, Herodotus Organizations: CNN, University of Michigan, American Numismatic Society, Spartan Locations: Turkey, Persian, Persia

☆ How you can capture the joy of watching the Olympics in your daily life: 'There is celebration everywhere'
▼ + stars: | 2024-08-07 | by ( Jade Thomas | ) www.cnbc.com time to read: +5 min

(Photo by Richard Heathcote/Getty Images)If you're watching the Paris Olympics and catch yourself smiling and cheering for athletes you don't know competing in events you've never heard of, you're definitely not alone. This interest in the Olympics — and the joy it brings — are felt globally, but especially in the country at the heart of the games, France. Here's why you might feel so happy watching the Olympics and how you can find that joy after the closing ceremony. The number of athlete backstories we learn are multiplied at the Olympics, which makes us that much more invested. That might look like watching the same show or reading a book together, or even more hands-on tasks like gardening, says Lyubomirsky.

Persons: Richard Heathcote, you've, Jason Kelce's Ilona Maher, Daniel Wann, Sonja Lyubomirsky, Wann, backstories, Guy, Yusuf Dikeç, Ilona Maher, Lyubomirsky, Jonathan Haidt Organizations: Olympic Games, Stade de France, Getty, Paris Olympics, Olympics, Murray State University, UC Riverside, Team U.S.A Locations: Paris, France, Tokyo

☆ Weekly mortgage refinance demand soars 16% as rates sink to lowest level in over a year
▼ + stars: | 2024-08-07 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Mortgage interest rates dropped last week to the lowest level since May 2023, causing a surge in mortgage demand from both homebuyers and especially current homeowners. Total mortgage application volume rose 6.9% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. "Despite the downward movement in rates, purchase activity only saw small gains, with an increase in conventional purchase applications offset by decreases in government purchase applications. "This is how things often play out when the bond market forces a quick move to extreme rate levels. For example, several of the biggest drops in daily mortgage rates have followed quick moves to long-term highs," wrote Matthew Graham, chief operating officer at Mortgage News Daily.

Persons: Joel Kan, Matthew Graham Organizations: Mortgage, Federal Reserve, Mortgage News Locations: Hawthorn Woods , Illinois

☆ Satellite images show long-range strikes destroyed a Russian aircraft that can drop glide bombs, Ukraine says
▼ + stars: | 2024-08-05 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewUkraine on Monday said it destroyed a Russian warplane capable of launching devastating glide bombs in long-range strikes on an airbase over the weekend. AdvertisementUkraine's military intelligence agency published a satellite image showing what it says is a destroyed Russian Su-34 aircraft. Glide bombs are equipped with special kits that convert dumb bombs into precision-guided munitions. The glide bombs are almost impossible to intercept because they have small radar signatures, travel on non-ballistic trajectories, and have fairly short flight times. Ukraine's military intelligence agency published a satellite image showing what it says are damaged Russian Su-34 aircraft.

Persons: —, HUR, Russia's Su, Russian Su, Volodymyr Zelenskyy, Zelenskyy Organizations: Service, Business, Ukrainian, Directorate of Intelligence, Army Tactical Missile Systems Locations: Ukraine, Kyiv, Russian, Ukrainian

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