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☆ Chinese EV startups are spending more on research than Tesla is
▼ + stars: | 2024-07-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

CNBC | Evelyn ChengBEIJING – U.S.-listed Chinese electric car companies are spending more on research as a ratio to sales than Tesla , according to CNBC analysis of the four automakers' first-quarter earnings. Of the four U.S.-listed Chinese electric car companies, Nio ranked first, spending nearly 29% of revenue in the first three months of the year on research and development. He was referring to a popular term in China to describe fierce competition, especially in the electric car industry. She noted that can help Chinese electric car companies respond more quickly to customers and market needs than traditional automakers. Geely has also released an electric car architecture called SEA that it says allows for quicker production of different sized vehicles.

Persons: Evelyn Cheng, Paul Gong, Nio, Elon, Feng Shen, Shen, William Li, Li, Jing Yang, Zeekr's, Parent, Ren Xiangfei, Ren, Geely, Tesla, Taylor Ogan Organizations: CNBC, UBS, Elon Musk's, Ford Motor, China's Ministry of Industry, Information Technology, Fitch, China Passenger Car Association, Snow Bull, Tech Locations: Hefei, Evelyn Cheng BEIJING – U.S, U.S, China, Nio, Hefei city, Anhui, Shanghai, Asia, Pacific, Zhejiang province, Hong Kong, Shenzhen

☆ US Navy Super Hornets armed with SM-6s, a warship missile newly tested in combat, have been spotted in the Pacific
▼ + stars: | 2024-07-05 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Read previewUS Navy fighter aircraft have been spotted in the Pacific carrying an air-launched version of a powerful ship-fired interceptor missile that only recently debuted in combat. A US Navy spokesperson told Naval News that "the SM-6 Air Launched Configuration (ALC) was developed as part of the SM-6 family of missiles and is operationally deployed in the Navy today." CSIS also notes that "its tri-mission capability also presents opportunities for the Navy to arrange more efficient weapon loadouts onboard its guided missile ships." AdvertisementThe missiles observed on Navy aircraft at RIMPAC can be seen sporting AIM-174B designations, indicating that they are an air-to-air variant. AdvertisementExtended air-to-air range missiles in a new role could help the Navy plug gaps in countering long-range missiles that China is fielding, especially should Washington and Beijing clash some day.

Persons: —, Carl Vinson, Isaiah Williams, Navy Carlos Del Toro, pBur3mhRQs, 0L2bNLgTUi —, Justin Bronk, Derek Kelley, Bronk Organizations: Service, Navy, Pacific, Business, US Navy, Naval, Hornets, Nimitz, Hickam, RIM, Combat, Hornet, for Strategic, International Studies, Defense, Observers, U.S . Navy, 0L2bNLgTUi — Doha, Royal United Services Institute, Biden, American Navy, AIM Locations: Iran, China, Gulf, Aden, @Doha104p3, Washington, Beijing

☆ Morgan Stanley says this is the stock to play China's EV industry consolidation
▼ + stars: | 2024-06-30 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Morgan Stanley has resumed coverage of Hong Kong-listed Geely with an overweight rating on expectations the Chinese automaker can weather macro and industry uncertainties. "We see Geely as a beneficiary of market consolidation," Morgan Stanley Asia equity analyst Tim Hsiao and a team said in a June 25 report that resumed coverage of the stock. Hangzhou-based Geely entered China's auto industry in 1997 and is known for acquiring Volvo in 2010. But the company raised the share of its new energy vehicles to 32% so far this year, higher than peers such as Great Wall Motor, for which the share is 23%, the Morgan Stanley analysts pointed out on Tuesday. The Morgan Stanley analysts on Tuesday set a price target of HK$11.20 ($1.43), about 27% above where shares closed Friday.

Persons: Morgan Stanley, Tim Hsiao, Geely, PHEV, Morgan Stanley's, BYD, bode Organizations: U.S, European Union, Lynk, Volvo, HK Locations: Hong Kong, Morgan Stanley Asia, Hangzhou, New York, China, EVs

☆ He's only 28 but has revitalized France's far right: Meet the man who could be the country's next prime minister
▼ + stars: | 2024-06-25 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

Soon, he could well become prime minister if RN wins an absolute majority in the forthcoming parliamentary elections — and he's only 28. Bardella's rise from party spokesman in 2017 to party president over the course of five years is somewhat remarkable for a man who is only 28. Bardella excelled in economics and social sciences at a private college and joined National Rally — then known as the National Front — at the age of 16. Two years later, he became a Member of the European Parliament (MEP) before being made party president in 2022. Jordan Bardella, president of the National Rally, speaks to members of the media as he arrives at Medef in Paris, France, on Thursday, June 20, 2024.

Persons: Jordan Bardella, Julien De Rosa, Bardella, Denis, Joseph Downing, Pen, Jean, Luc Mélenchon, Frederic Chatillon, Le Pen, Le, —, Critics, Francois Lo Presti, Macron, Holger Schmieding, Bardella's, Emmanuel Macron's Organizations: Afp, Getty, National, CNBC, National Rally, Paris Sorbonne University, London School of Economics, European Institute, National Assembly, Le, Palais des Sports, Nurphoto, cri, Union, NATO, Berenberg Bank, Popular, Bloomberg Locations: Paris, Villepinte, France, Bardella, Drancy, Paris suburb, Seine, Montmorency, Morocco, Henin, Beaumont, Ukraine, French, Medef

☆ This year's biggest air battles are showing the US what it could need most in a missile war with China
▼ + stars: | 2024-05-15 | by ( Jake Epstein | Chris Panella | ) www.businessinsider.com time to read: +13 min

AP Photo/Evgeniy Maloletka, FileThe war has shown how effective air defenses can be at denying air superiority, protecting key areas, and threatening high-value aircraft, as well as the costs when capabilities are degraded. Ukraine's air defenses, like its Soviet-era S-300s and US-supplied Patriots, have defeated enemy missile and drone strikes, hindered Russian air operations, and shot down numerous fighter-bombers and other Russian planes. "Ukraine and NATO might reduce risks with a two-prong strategy of strengthening air defenses and boosting infrastructure resilience." Needing more interceptors for the PacificFrom the fights this year, the US can see how it'll need to employ air defenses in a potential showdown with China. Running out of air defenses before the enemy runs out of air threats spells trouble.

Persons: —, Bradley Martin, Evgeniy, Volodymyr Zelenskyy, Firefighters, Archer Macy, Martin, Shaan Shaikh, We've, Amir Cohen TPX, Shaikh, it's, Andy Wong, Thomas Shugart, Shugart, Joshua Smoot, Heath Collins, Navy Carlos Del Toro, Macy, Mark Wright Organizations: Service, Business, US Navy, Ukraine, AP, Patriots, Institute for, Emergency, Ministry, RAND Corporation, NATO, Western, Central Command, Combat, Navy, RAND, Patriot, US, Missile Defense, Center for Strategic, International Studies, REUTERS, China, Pentagon, Defense, Center, New, Air Force, 37th Expeditionary Bomb Squadron, Andersen Air Force Base, US Air Force, Aegis, Missile Defense Agency, Former Navy, CSIS, Pacific Missile, AP Air Locations: China, Ukraine, Israel, Navy, Russia, Congress, Avdiivka, Kharkiv, Russian, Kyiv, NATO, Yemen, Gulf of Aden, Iran, Red, Screengrab, French, Ashdod, South Korea, Japan, Guam, Beijing, New American, Gen, Kauai, Hawaii

☆ The US and Pacific ally Japan are teaming up to defeat new hypersonic missiles that right now are basically unstoppable
▼ + stars: | 2024-05-15 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

Read previewThe US and Japan have agreed to work together to develop a defense system to defeat hypersonic missiles, according to the US Department of Defense. Russian navy frigate Admiral Gorshkov launching a Zircon hypersonic missile in White Sea, Russia, on July 19, 2021. Notably, Pyongyang is also attempting to develop what it says are hypersonic missiles. DF-17 medium-range ballistic missiles equipped with a DF-ZF hypersonic glide vehicle in a military parade to mark the 70th anniversary of the Chinese People's Republic. The allies successfully tested the jointly developed Standard Missile 3 (SM-3) Block IIA interceptor in a February 2017 intercept of a ballistic missile target.

Persons: —, Gorshkov, Zoya Rusinova Organizations: Service, US Department of Defense, Business, Cooperative, US Missile Defense Agency, Japan, Russian Defense Ministry Press Service, AP, China's, Aegis Ballistic Missile Defense, Iran's, Israel Locations: Japan, Russian, Sea, Russia, Pacific, Moscow, Beijing, Pyongyang, Republic, Getty

☆ China has a lot more missiles — with US warships and bases in its sights
▼ + stars: | 2024-05-04 | by ( Chris Panella | ) www.businessinsider.com time to read: +18 min

American warships and bases in the Pacific are within reach of an increasingly worrying threat, a missile force unlike anything the US has faced in combat. With these missiles, China is signaling that it could attack US bases and ships in the region with little to no warning, Clark said. TK Department of DefenseThere's a lot more to the Chinese Rocket Force than these weapons, though. AdvertisementThat said, the US and its allies can't afford to assume the Rocket Force won't be ready should conflict come. In other words, how the US prepares itself and adapts to the Chinese Rocket Force gives it the best shot at avoiding a fight altogether.

Persons: China's, Andersen, Thomas Shugart, Bryan Clark, John Aquilino, Kevin Frayer, Harry Harris, Harris, Clark, Shugart, Gerald R, Kendall Warner, Byrd, US Defense Department Harris, Robert Peters, Peters, Ronald Reagan, Andrea Rosembert, Cpl, Ryan Little, Charles Flynn, I'm, Flynn, it's, Andy Wong Organizations: Business, Army Rocket Force, Pentagon, China's Rocket Force, Department of Defense TK Department of Defense, Center, New, New American Security, US Navy, PLA, Hudson Institute, Pacific Command, People's Liberation Army Rocket Force, Eastern Theater Command, People's Liberation Army PLA, Getty, Rocket Force, Liberation, TK Department of Defense, Chinese Rocket Force, US Defense Department, Ford, Virginian, Tribune, Service, Japan, Self, Defense Force, Misawa Air Base, Pacific, US, Defense, Aegis Ballistic Missile Defense, Army, Heritage Foundation, Aegis, Guam, Area, Ronald, Ronald Reagan Ballistic Missile Defense, Department of Defense, US Air Force, Marine Corps, Andersen Air Force Base, Marine, Combat, US Army Pacific, Stealth, Force, Military Locations: Beijing, China, American, Guam, South, Washington, Japan, New American, People's Republic of China, South Korea, Taiwan, South China, AFP, U.S, Marshall, Pearl, Pacific, PLARF, Tiananmen

☆ The US Navy wants a lot more of a missile that just recently scored its first kill to counter Pacific threats like China
▼ + stars: | 2024-05-01 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

The US Navy used its SM-3 missile interceptor in combat for the first time last month. AdvertisementThe US Navy will need a lot more of its SM-3 missile, an interceptor that only recently scored its first-ever kill, to counter Pacific threats like China, the sea service's top civilian official said on Wednesday. The Missile Defense Agency's budget request for FY25 cuts procurement of SM-3 Block IB variant, which became operational a decade ago. During Wednesday's hearing, South Carolina Rep. Joe Wilson referred to this variant as the Navy's "primary defense against tactical ballistic missiles for the Aegis Ballistic Missile Defense" weapons system. AdvertisementThe Navy, however, is already getting a taste of what it's like to battle anti-ship ballistic missiles.

Persons: —, Navy Carlos Del Toro, Del Toro, Joe Wilson, Paul Ignatius, MCS2 Nathan T, Beard Organizations: US Navy, China, Service, Navy, House Armed, Missile Defense Agency, Combat, Missile Defense, South Carolina Rep, Aegis Ballistic Missile Defense Locations: China, Tehran, Israel, Lake Erie, Kauai, Hawaii, Washington, Beijing, American, Iran, Gulf of Aden

☆ US Navy warships shot down Iranian missiles with a weapon they've never used in combat before
▼ + stars: | 2024-04-16 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

US Navy warships fired SM-3s to intercept Iranian ballistic missiles last weekend. AdvertisementUS Navy warships used a missile interceptor for the first time in combat over the weekend as they defended Israel from an unprecedented Iranian attack. AdvertisementA developmental Standard Missile-3, designed to intercept short to medium-ranged ballistic missile threats, is launched from the Pearl Harbor-based Aegis cruiser USS Lake Erie. There are multiple SM-3 variants, which can be fired from a Navy warship's vertical launching system, and the Block I interceptors were first fielded nearly 20 years ago. US Central Command said American forces, specifically, destroyed more than 80 drones and at least six ballistic missiles.

Persons: Navy Carlos Del Toro, —, Del Toro, Arleigh Burke, Carney, Del Toro's, Thomas Hudner, Kerri Kline, CENTCOM, Iran's Organizations: Navy, Service, Aegis, Getty, Combat, for Strategic, International Studies, Missile Defense, US Navy, Mass Communications, Central Command, American Locations: Israel, American, Tehran, Iran, Lake Erie, East

☆ How Israel and allied defenses intercepted more than 300 Iranian missiles and drones
▼ + stars: | 2024-04-14 | by ( Brad Lendon | ) edition.cnn.com time to read: +6 min

Israel’s military said Sunday that “99%” of projectiles fired by Iran were intercepted by Israel and its partners, with only “a small number” of ballistic missiles reaching Israel. In total, around 170 drones, more than 30 cruise missiles and more than 120 ballistic missiles were launched at Israel by Iran overnight Saturday, the military said. US officials said more than 70 drones and three ballistic missiles were intercepted by US Navy ships and military aircraft, without giving details of exactly what defenses were used to bring down the projectiles. The Iron Dome is the bottom layer of Israel’s missile defense, according to the country’s Missile Defense Organization (IMDO). The ballistic missiles that did reach Israel fell on the Netavim Air Base in southern Israel, Israel’s military spokesman said, adding that they caused only light structural damage.

Persons: Joe Biden, Benjamin Netanyahu, ”, John Bolton, CNN’s Oren Liebermann, Biden, ” Biden, Menahem Kahana, Israel’s Rafael, CNN’s Irene Nasser, Eugenia Yosef, Benjamin Brown Organizations: CNN, Saturday, Israeli, Israel, US Navy, Aegis, Pentagon, Royal Air Force, Defense, US, country’s Missile Defense Organization, Getty, Defense System, Raytheon, Missile, Center for International, Strategic Studies, CSIS, Missile Defense Advocacy Alliance, Netavim, Base, Israeli Air Force Locations: Iran, Israel, Britain, Israeli, France, Gaza, Sderot, AFP, United States, Iraq, Yemen

☆ US Navy wins against familiar and unprecedented Red Sea threats are being driven by defense decisions it made decades ago
▼ + stars: | 2024-04-10 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

The Navy secretary acknowledged on Wednesday the effectiveness of these systems in the Red Sea. AdvertisementDecisions made decades ago are now defining the Red Sea naval battle unfolding between American forces and the Houthis, the US Navy's top civilian official said on Wednesday, highlighting the long reach of defense decision-making. AdvertisementA view of the USS Gravely destroyer in the southern Red Sea on Feb. 13. AdvertisementThe USS Dwight D. Eisenhower conducts flight operations in the Red Sea on Feb. 23. US Navy guided-missile destroyer USS Carney defeats a combination of Houthi missiles and drones in the Red Sea on October 19, 2023.

Persons: —, Navy Carlos Del Toro, Del Toro, Dwight D, Eisenhower, Ike, Carney, MCS2 Aaron Lau, Sabrina Singh Organizations: US Navy, Service, Red, Navy, AP, Aegis, Missile, Nimitz, US, Hornet, Hornets, AIM, Marines, Pentagon Locations: Red, Iran, Yemen, Gulf of Aden, Aden

☆ A new book unearths a buried history of photography in West Africa
▼ + stars: | 2024-03-01 | by ( Thomas Page | ) edition.cnn.com time to read: +9 min

CNN —The dominant perception of early photography from West Africa is that it was taken through a colonizing lens. These are questions asked by a new book that seeks to re-examine the history of photography in the region. Her book demonstrates that gap was short, and history has been obscured in a way that has disenfranchised many Africans. Unlike some other West African nations, Senegal has no recorded history of portraiture before photography, Paoletti said. HUM Images/Universal Images Group Editorial/Getty ImagesTo Paoletti, it’s evidence photography in West Africa didn’t evolve in isolation.

Persons: Giulia Paoletti, ”, Mama Casset, “, ’, Frenchman Jules Itier, Louis, Paoletti, –, “ It’s, Adolphe Burdo, Burdo, visite, Burdo’s, Augustus Washington, Macky Kane, – Paula, ’ ”, Alfred Stieglitz, Fatou Thioune, Paula, ” Paoletti, Oumar Ka, Ka, I’d, Oumar Organizations: CNN, Department of Art, University of Virginia, CRDS, Dakar ”, Sun, The, Institut, du Sénégal, University of Dakar, Princeton University Press Locations: West Africa, Senegal, ‘, St, French West Africa, Belgian, Dakar, “, Africa, Berlin, Louis, Touba, Senegalese

☆ US Navy warships are getting their first combat experience against the kind of threats China is banking on in the Pacific
▼ + stars: | 2024-02-03 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

The US Navy in recent weeks has been shooting down Houthi anti-ship ballistic missiles. Washington has also conducted preemptive strikes in Yemen, destroying anti-ship ballistic missiles before the rebels are able to launch them. CENTCOM has not specified which anti-ship ballistic missiles have been used in the attacks on international shipping lanes. AdvertisementChina has a formidable arsenal of anti-ship ballistic missiles, like the DF-21D and DF-26, and is increasingly expanding it. Advertisement"It doesn't matter what's coming at them, really," said Macy, the retired admiral who served aboard multiple US Navy warships.

Persons: —, Archer Macy, it's, Joe Biden, Jonathan, Bryan Clark, Mohammed Hamoud, Andy Wong, Clark, Shaan Shaikh, Shaikh, Carney, MCS2 Aaron Lau, Macy Organizations: US Navy, Pacific . Experts, Service, Pentagon, International Institute for Strategic Studies, Hudson Institute, People's Liberation Army Rocket Force, Military, Missile Defense, Center for Strategic, International Studies, Navy, Combat System Locations: China, Pacific, Iran, Yemen, Gulf of Aden, Washington, Tehran, CENTCOM, Gaza, Jan, Sana'a, Western, Beijing, Tiananmen, Red

☆ How chaos in the Red Sea is putting the U.S. Navy to the test
▼ + stars: | 2024-01-24 | by ( Brad Howard | In | ) www.cnbc.com time to read: +3 min

The U.S. Navy is encountering a tenacious threat in the Red Sea. "That's one of the things [that] the Red Sea sort of demonstrates ... we never know where the maritime threat might come up," said Bradley Martin, a senior policy researcher at Rand, in an interview with CNBC. As the U.S. encounters attacks by armed drones, cruise missiles, anti-ship ballistic missiles and other weapon systems in the Red Sea, the data gleaned from these encounters could prove invaluable in the Indo-Pacific region. China's rocket troops can potentially field thousands of missiles that can reach across wide swaths of the Pacific. That means the U.S. could be facing overwhelming odds in intercepting any mass missile attack against American ships and bases.

Persons: Bradley Martin, Rand, Steve Wills, Tom Shugart, Brad Bowman Organizations: U.S . Navy, CNBC, Navy, Aegis, Center for Maritime, Army Rocket Force, PLA, Center, New, New American Security, Military, Foundation for Defense of Democracies Locations: Red, Iran, U.S, New American, United States, China

☆ The pioneering influencer firm Gleam Futures is shutting down its talent-management arm
▼ + stars: | 2024-01-19 | by ( Marta Biino | Lara O'Reilly | ) www.businessinsider.com time to read: +2 min

It's the end of an era: the pioneering influencer agency Gleam Futures has sunset its talent-management arm, the company confirmed to Business Insider. Ad giant Dentsu Aegis acquired a majority stake in Gleam in 2017 and took over as sole owner in 2020. On the talent side, Gleam Futures had been undergoing changes for some time. In 2023, Gleam Futures managers slowly began an exodus toward other UK talent firms, including InterTalent, Insanity, and HLD, bringing their talent with them. The company's website went from showing a roster of over 60 talent in 2022 to just 20 in late 2023.

Persons: Gleam, Dom Smales, Zoe Sugg, Tanya Burr, Melanie Kentish, Gleam's, Julie Chadwick Organizations: Gleam, Business, Gleam Futures, Studios, Dentsu Locations: Gleam

A general view of the Phillips 66 Company's Los Angeles Refinery, which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, in Carson, California, U.S., March 11, 2022. REUTERS/Bing Guan/File Photo Acquire Licensing RightsNov 29 (Reuters) - Elliott Investment Management has taken a $1 billion stake in Phillips 66 and is urging the U.S. oil refiner and pipeline operator to revamp its board to boost lagging performance. Phillips 66 has lagged its U.S. refining rivals at a time when fuel demand and margins have soared for the industry. Phillips 66 Chief Executive Mark Lashier acknowledged discussions with Elliott but did not say whether the company was open to adding two Elliott-recommended directors to its board. Phillips 66 currently has 13 board members.

Persons: Bing Guan, Phillips, Mark Lashier, Elliott, Lashier, John Pike, Mike Tomkins, Garfield Miller, Miller, Svea Herbst, Bayliss, Laura Sanicola, Gary McWilliams, Anil D'Silva, Bernadette Baum, Mark Porter Organizations: Phillips, Los, Los Angeles Refinery, Elliott Investment Management, Marathon Petroleum, Energy, Exxon Mobil, Aegis Energy Advisors, Elliott, Svea, Thomson Locations: Los Angeles, Carson , California, U.S, Houston, Providence, New York, Bengaluru

☆ China Says It Is in Interest of All Parties to Ensure Peace, Stability on Korean Peninsula
▼ + stars: | 2023-11-22 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +1 min

BEIJING (Reuters) - China's foreign ministry said it is in the interest of all parties to ensure peace and stability on the Korean Peninsula after North Korea claimed it successfully placed its first spy satellite in orbit, vowing to launch more in the near future. After two failed attempts, North Korea's latest launch drew the ire of South Korea and Japan. "Maintaining peace and stability on the peninsula and promoting the process of political settlement of the peninsula issue are in the common interests of all countries in the region," she said. South Korea, Japan and the United States had coordinated to position Aegis destroyers to track the launch and shared that data, South Korea's military said. "China will continue to play a constructive role in promoting the political settlement of the Peninsula issue,” she said.

Persons: Mao Ning, Carl Vinson, Mao, ”, Liz Lee, Bernard Orr, Jacqueline Wong, Gerry Doyle Organizations: U.S Locations: BEIJING, North Korea, Korea, Japan, China, South Korea, United States, Korean, Busan

Neither South Korea, the United States nor Japan, all of which are experiencing increasing military tensions with North Korea, could confirm the satellite had made it into orbit. But South Korea called the launch a “clear violation” of a UN Security Council resolution that prohibits North Korea from using ballistic missile technology. North Korean leader Kim Jong Un celebrates Tuesday night's satellite launch with workers in an image provided by state-run media. Japanese Defense Minister Hiroyuki Miyazawa said his country was still trying to determine whether North Korea’s satellite had reached orbit. In that meeting, Putin signaled a willingness to assist North Korea in developing its space and satellite program.

Persons: “, ”, Kim Jong Un, Fumio Kishida, Hiroyuki Miyazawa, KCNA, Kim Song, ” KCNA, Carl Schuster, Ankit, “ They’re, Leif, Eric Easley, Shin Won, sik, Vladimir Putin, Putin, Panda, “ Let’s Organizations: South Korea CNN, Korean Central News Agency, UN, Korean, Japan’s, US, Pyongyang’s, Japanese, Council, North Korean, North, Korea’s National Aerospace Development, Analysts, Pacific Command’s Joint Intelligence, Carnegie Endowment, International, Ewha University, Korea’s Defense Locations: Seoul, South Korea, North Korea, Korea, United States, Japan, Japan’s Okinawa, Japanese, Pyongyang, East China, KCNA . North Korea, Russian, Russia, Koreans

☆ North Korea notifies Japan of satellite launch plan between Nov 22 and Dec 1
▼ + stars: | 2023-11-20 | by ( Chang-Ran Kim | ) www.reuters.com time to read: +3 min

TOKYO, Nov 21 (Reuters) - North Korea has notified Japan it plans to launch a rocket carrying a space satellite between Nov. 22 and Dec. 1 in the direction of the Yellow Sea and East China Sea, Japan's Coast Guard said on Tuesday. If carried out, it would likely mark a third attempt by the nuclear-armed state this year to put a spy satellite into orbit. Japan will work with the United States, South Korea and others to "strongly urge" North Korea not to go ahead with the launch, Kishida said. North Korea has not made a formal announcement of the plan on official media. The North considers its space and military rocket programmes a sovereign right, and analysts say spy satellites are crucial to improving the effectiveness of its weapons.

Persons: Fumio Kishida, Kishida, Kim Jong Un, Vladimir Putin, military's Vandenberg, Chang, Ran Kim, Jack Kim, Christina Fincher, David Gregorio, Sandra Maler Organizations: Japan's Coast Guard, Aegis, United Nations, South, Japan, International Maritime Organization, North, U.S, SpaceX, Thomson Locations: TOKYO, North Korea, Japan, East China, United States, South Korea, Pyongyang, Korea, Tokyo, Seoul

☆ How an Indian startup hacked the world
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +41 min

The Indian company hacked on an industrial scale, stealing data from political leaders, international executives, prominent attorneys and more. Run by a pair of brothers, Rajat and Anuj Khare, the company began as a small Indian educational startup. The Indian company hacked on an industrial scale, stealing data from political leaders, international executives, sports figures and more. Back in 2012, Kristi Rogers was an executive at Aegis, a London-based security company. Canadian security company GardaWorld, which acquired Aegis in 2015, said it had no information on the incident.

Persons: Chuck Randall, Randall, “, ” Randall, ”, Randall’s inbox, Appin, Rajat, Anuj Khare, Rajat Khare’s, Clare Locke, Khare “, Khare, ” Clare Locke, Ted Kaczynski, Anuj, who’ve, SentinelOne, Tom Hegel, Appin “, Hegel, Mandiant, ” Hegel, Shane Huntley, ” Huntley, Google’s Huntley, ‘, Jochi Gómez, Gómez, Halevi, Tamir Mor, Russian oligarch Boris Berezovsky, Mohamed Azmin Ali, ” Mor, Berezovsky, Azmin, Mor, Roman Abramovich, Mark Hastings, Hastings, didn’t, Jim H, ” Jim H, Jim H’s, Kristi Rogers, Mike Rogers, he’s, Global’s, sully, Rogers, Damian Perl, – “, Steven Santarpia, ” Santarpia, Santarpia, Leonel Fernández, ” Fernández, Rajat Khare, “ Let’s, Ministry of Home Affairs didn’t, Peter Hargitay, Stevie, Billing, ” Stevie, ’, ” Peter Hargitay, Mookhey, Norman Shark, Jonathan Camp, Shark, Camp, Norman, Dominican Republic –, Dan Brady, Sandra Schweingruber, ” Schweingruber, Schweingruber, Brady, ” Gómez, –, ” –, Anna Carter, Mark Califano, ” Rajat Khare’s, India’s, Educomp, Karen Hunter, Hunter, Bryan, Rajat’s, Vijay Kumar, Deepak Kumar, Kumar, ACSG, Jay Solomon, Solomon, ” Rebsec’s, Vishavdeep Singh, Rebsec, CyberRoot, Sumit Gupta, Gupta, Raphael Satter, Zeba Siddiqui, Christopher Bing, Ryan McNeill, Corinne Perkins, John Emerson, Marla Dickerson Organizations: Reuters, Google, Harvard University, U.S, Symantec, Appin, Caribbean, El, Israeli Defense Forces, Commando, Quillon Law, U.S . House Intelligence, The Michigan Republican, U.S . Senate, Aegis, Global Security, Security, Rogers, Army Corps of Engineers, Rotary, Aegis ’, Global, ” Reuters, Britain’s, Appin Software Security, Ltd, Appin Security, –, Research, Analysis, Intelligence Bureau, Indian, India’s Ministry of Home Affairs, India’s Ministry of Defense, of Home Affairs, Central Bureau of Investigation, CBI, Federal Bureau of Investigation, Ministry of Home Affairs, Telenor, Broadcom, FBI, Dominican, Criminal Investigation Service, Appin Security Group, CERT, country’s, Bureau of Investigation, Educomp, State Bank of India, State Bank, The National Security Agency, NSA, U.S ., Swiss, Appin Technology, India’s Ministry, Corporate Affairs, Control Security Global, Technology, Kumar, Facebook, Meta, BellTroX, Services, Street, New, Rebsec, BellTroX’s, Hire Locations: Long, New Delhi, India, Yorker, Paris, Swiss, cybersecurity, Appin, Dominican, California, “, Dominican Republic, El Siglo, United States, Britain, Switzerland, New York, French, New Jersey, Israel, Russian, Malaysian, London, Rwandan, Virginia, Canadian, Chuck@shinnecock.org, Texas, Indian, India’s Punjab, Pakistan, Zurich, Australia, Norway, Oslo, Brady, Former, ”, U.S, Islip, Shinnecock, Washington, cyberespionage

☆ Insurers can underwrite dirty energy with impunity
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

LONDON, Nov 9 (Reuters Breakingviews) - Insurers used to get heat for underwriting fossil fuels. Membership of bodies like the Net-Zero Insurance Alliance (NZIA) was supposed to mean financial groups would cease supporting oil, gas and coal, speeding the pace of decarbonisation. Similarly, five of the Lloyd’s insurance market’s managing agents – RiverStone, Chaucer, RenaissanceRe, Ascot and Aegis – have not implemented any restrictions on fossil fuels. Insurers have even fewer qualms about supporting oil and gas. Governments have made energy security a key priority since Russia’s invasion of Ukraine, and can reasonably argue that abrupt halts to backing fossil fuels will just mean higher energy prices.

Persons: Warren, Berkshire Hathaway, Starr don’t, – RiverStone, Chaucer, Insuramore, Pamela Barbaglia, George Hay, Oliver Taslic Organizations: Reuters, Zero Insurance, Axa, Everest, Aegis, Reuters Graphics, X, Bayer, SEC, Paramount, Thomson Locations: Zurich, PICC, RenaissanceRe, Ascot, Ukraine

☆ Elon Musk Takes Aim at the ADL - The New York Times
▼ + stars: | 2023-09-11 | by ( David Austin Walsh | ) www.nytimes.com time to read: +1 min

Elon Musk, one of the world’s richest men who is now most famous for running the website X, formerly known as Twitter, has a new excuse for the company’s shaky performance since he bought it last year. The problem, according to Mr. Musk, is the Jews. A 2018 report by the ADL noted that 4.2 million antisemitic tweets had been shared or re-shared on the platform in the previous year, before Twitter’s ban on extremist accounts took effect. Mr. Musk largely reversed those policies under the aegis of free speech. Mr. Musk also blamed a collapse in the company’s value — estimates place the company’s current worth at roughly one-third the $44 billion Mr. Musk paid for it — on the ADL, saying that he was considering legal action against the ADL and signaling that he supported banning the organization from X.

Persons: Elon Musk, Musk, @ADL ”, “, Jack Dorsey Organizations: Twitter, Defamation, ADL Locations: Nazi

Thermal coal insurance rates rose more than 20% last year, it said, above the 7.3% rise in the benchmark Marsh Global Insurance Market Index. Insurance companies can be active in both primary insurance and reinsurance and have differing commitments on ESG for different parts of their business. "Establishing a mutual fund for the coal industry is a matter for the coal industry," a spokesperson for the Australian Department of Treasury said. "I'm talking about going beyond your normal UK-based markets and looking into Asia for funders and insurance cover," she added. Coal prices hit record highs in September last year as European countries scrambled to replace Russian gas, sending coal miners' profits soaring.

Persons: Philip Mostert, Seriti, Doug Gain, Gain, Ben Davis, Willis Towers Watson, Thungela, China's, Russia's, Switzerland's Chubb, Chubb, Russia's SOGAZ, Peter Bosshard, Nombasa Tsengwa, Tsengwa, Exxaro, Clara Denina, Sarah McFarlane, Nelson Banya, Elaine Hardcastle, Daniel Flynn Organizations: REUTERS, Seriti, Thungela Resources, International Energy Agency, Reuters, Marsh Global Insurance, Whitehaven Coal, Whitehaven, Allianz, Swiss, Germany's Allianz, Insuramore, Australian Department of Treasury, South, Thomson Locations: American, Mpumalanga Province, South Africa, South, Ukraine, Whitehaven, Munich, Australia, Asia, Europe

☆ South Korea is working on an 'arsenal ship' in case it has to shower North Korea with missiles
▼ + stars: | 2023-08-31 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +9 min

If completed, they would be the first arsenal ships ever built and would mark another accomplishment for South Korea's burgeoning defense industry. AdvertisementAdvertisementThe arsenal shipAn illustration of a possible arsenal ship published in the US Navy's All Hands magazine in May 1995. South Korean interestA North Korean Hwasong ICBM in March 2022. Given the number and types of missiles South Korea's arsenal ships would carry, they could be involved in all three axes — all while staying mobile. AdvertisementAdvertisementHanwha Ocean's arsenal shipFew details about South Korea's arsenal ship program have been released.

Persons: Shoup, Neil Mabini, Haeseong Organizations: South, North, Service, International Maritime Defense Industry, South Korean, South Korea's Ministry of National Defense, US Navy, US, Russian Navy, Navy, RIM, MGM, Tactical Missile System, Air Force, Getty, Korea Air and Missile Defense, Korean, Daewoo Shipbuilding, Marine Engineering, Naval News, South Korea Defense Ministry, NUR Locations: North Korean, Wall, Silicon, South Korean, Busan, Soviet Union, Korean, Korea, Seoul, South Korea

☆ These four trends are shaping the gun industry
▼ + stars: | 2023-08-27 | by ( Stefan Sykes | ) www.cnbc.com time to read: +7 min

Here are four trends that are shaping the gun industry today:Market normalizationSeveral companies in the gun market are slowing down production and slashing prices as they combat material cost increases and waning demand for their weapons. Gun sales typically see a spike during presidential elections, Dionisio added. Investors in Biofire include venture capitalist Ron Conway and Peter Thiel's Founders Fund Biofire's smart gun comes as gun manufacturers increasingly look for different materials and technologies to make their products more appealing to consumers. "Smart guns can ensure that guns are accessible by their owners and no one else," said Nick Suplina, senior vice president for law and policy at Everytown, who has tested Biofire's smart gun. First-time gun purchasers during the pandemic, according to the study, were younger than previous, pre-pandemic U.S. gun owners.

Persons: Spencer Platt, Smith, Sturm, NSSF, Rommel Dionisio, Mark Smith, Christopher J, Killoy, Capital's Dionisio, Dionisio, Kai Kloepfer, Kloepfer, Biofire, they'll, Ron Conway, Peter Thiel's, Mark Oliva, Oliva, Nick Suplina, Matthew Miller, NORC, NSSF's Oliva Organizations: Getty, Wesson, Ruger, Company, Smith, Shooting Sports, Aegis Capital, CNBC, Smith & Wesson, Ruger & Company, Fund, Shooting Sports Foundation, Gun Safety, University of Chicago, America Locations: Monroe , Pennsylvania, U.S, Biofire, it's

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