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☆ RIMPAC: US Air Force B-2 bomber used in exercise to sink surface ship with low-cost bomb
▼ + stars: | 2024-07-27 | by ( Brad Lendon | ) edition.cnn.com time to read: +9 min

Earlier this month, the US and allies practiced taking out a large surface ship with long-range weapons, including, for the first time, a US Air Force B-2 bomber. It showed the US military can use one of its most survivable weapons platforms, the B-2 Spirit stealth bomber, to sink a major surface ship with a low-cost guided bomb. The Air Force says its stealthy characteristics allow it to penetrate heavily defended areas and also fly with a small chance of being detected by radar at high altitudes. Mating it up with relatively cheap and demonstrably effective precision-guided bombs with warheads of up to 2,000 pounds could give the Air Force bombers the “anti-ship lethality” of a submarine-launched torpedo without the liabilities of a submarine, according to a US Air Force website. The Air Force first tested QUICKSINK in 2022, when an F-15 fighter jet released a GBU-31 Joint Direct Attack Munition (JDAM) that destroyed a full-scale surface target in the Gulf of Mexico, according to an Air Force statement.

Persons: ”, Seleena Muhammad, QUICKSINK, Carl Schuster, ” Schuster, Jon Husman, Alessio Patalano, Mark Hammond, Australia’s, “, LSIS Daniel Goodman, USS Fitzgerald, John Wade, RIMPAC, John Bradford, ” Bradford, Zhongping Organizations: South Korea CNN, US Air Force, US, Air Force, Munitions, Royal Air Force, U.S . Air Force, Navy, Air Force Research, Liberation Army Navy, PLAN, US Pacific Command Joint Intelligence Center, U.S . Navy, King’s College, US Navy, Ship, 3rd Fleet, Royal Australian Navy, Naval, Australia, Royal Australian, Kongsberg Defence & Aerospace, US Navy destroyer, US Marine Corps, Task Force, Foreign Relations International Affairs, Times, PLA Navy, Global Times, ” Global Times Locations: Seoul, South Korea, Kauai, China, Tarawa, England, U.S, Gulf of Mexico, Pacific, Taiwan, Philippines, Japan, London, Oahu, Hawaii, Norwegian, USS Dubuque, ‘, Malaysia, Netherlands, China China, Asia, Taiwan Strait, South China

☆ How China could take Taiwan without even needing to invade
▼ + stars: | 2024-06-21 | by ( Brad Lendon | ) edition.cnn.com time to read: +12 min

“China has significantly increased pressure on Taiwan in recent years, stoking fears that tensions could erupt into outright conflict. China’s escalating gray zone tactics were on stark display this week as China Coast Guard vessels clashed with Philippine Navy boats in the South China Sea. In the 24 hours ending at 6 a.m. Friday, 36 Chinese military aircraft crossed into Taiwan’s air defense identification zone, Taiwan’s Defense Ministry says. Meanwhile, a quarantine, rather than a blockade, would not require China to close or restrict access to the Taiwan Strait, the CSIS report notes. Under its claims that Taiwan is Chinese territory, Beijing could require customs declarations to be filed before vessels can call in Taiwan.

Persons: CNN —, Beijing’s, Xi Jinping’s, Bonny Lin, Brian Hart, Matthew Funaiole, Samantha Lu, Tinsley, stoking, Adm, Dong Jun, ”, Dong, China’s, “, Joe Biden, Rong Xu, Carl Schuster, ” Schuster, Alessio Patalano, Sidharth Kaushal, Patalano Organizations: CNN, Communist Party, Center for Strategic, International Studies, China Coast Guard, CSIS, TAIWAN, GUARD, People’s Liberation Army, PLA, Chinese Defense, Philippine Navy, Taiwan Relations, White, PLA Navy, Maritime Safety Agency, Taiwan’s Defense Ministry, Bloomberg, Getty, “, Pacific Command’s Joint Intelligence Center, Taipei, King’s College, Taiwan’s Ministry of Economic Affairs, Imports, Royal United Services Institute Locations: Taiwan, Ukraine, China, Washington, United States, Pengjia, Beijing, Singapore, South China, Manila, Second, Philippines, Taiwan’s, Taiwan Strait, Port, Taichung, Kaohsiung, London, Covid

☆ Max Verstappen navigates chaotic race in treacherous conditions to win third consecutive Canadian Grand Prix
▼ + stars: | 2024-06-10 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —Red Bull’s Max Verstappen won the the Canadian Grand Prix on Sunday – his third successive triumph in Montreal – after the three-time world champion expertly navigated an unpredictable race at the Circuit Gilles Villeneuve. “I do think it was a very good team effort today,” Verstappen said in his post-race interview. But as conditions dried, Norris took his chance to overtake both Verstappen and Russell to take the lead. He was then left with too much distance to make up and was left hoping Verstappen and Red Bull would slip up. “We should have won today, simple as that,” a clearly frustrated Norris told reporters after the race.

Persons: Max Verstappen, Circuit Gilles Villeneuve, – Verstappen, “, ” Verstappen, ” McLaren’s Lando Norris, Verstappen, Mercedes ’ George Russell, weathers, Alessio Morgese, Russell, Norris, – he’s, ’ Norris, rueing, Red, ” Organizations: CNN, Canadian, Sunday, Montreal –, Circuit, Spanish Locations: Montreal

☆ How did the zebra get its nicely patterned stripes? The answer may come from mathematician Alan Turing.
▼ + stars: | 2023-11-13 | by ( Ankur Gupta | The Conversation | ) www.businessinsider.com time to read: +7 min

Researchers have proposed an explanation for how the patterns form based on the "Turing patterns." A question naturally arises: How can distinct color patterns form in the presence of diffusion? Our work suggests that combining the conditions that form Turing patterns with diffusiophoresis could also form the basis of artificial skin patches. Just like adaptive skin patterns in animals, when Turing patterns change — say from hexagons to stripes — this indicates underlying differences in chemical concentrations inside or outside the body. Besides animal skin patterns, Turing patterns are also crucial to other processes such as embryonic development and tumor formation.

Persons: —, Ben Alessio, Alan Turing, Turing, diffusiophoresis, Keld, Ankur Gupta Organizations: Service, Getty Images, micron, University of Colorado Locations: Denmark, University of Colorado Boulder

☆ Davide Renne, New Moschino Creative Director, Is Dead at 46
▼ + stars: | 2023-11-11 | by ( Chavie Lieber | ) www.wsj.com time to read: 1 min

Davide Renne was appointed to lead design at Moschino three weeks ago and assumed the position Nov. 1. Photo: Alessio BolzoniDavide Renne , the newly appointed creative director of Italian fashion house Moschino and longtime womenswear designer for Gucci, died on Friday. His death was announced by Moschino parent Aeffe in a statement.

Persons: Davide Renne, Alessio Bolzoni Davide Renne, Gucci

Tokyo/Hong Kong CNN —A Japanese sushi chain targeted in a spate of pranks that has sparked concern over hygiene has devised a digital conveyor belt to serve food to customers. The chain had been subject to a string of pranks dubbed “sushi terrorism” since the start of the year. Inspired by viral online videos, pranksters filmed themselves licking shared soy sauce bottles or tampering with food rotating on conveyor belts at the chain’s restaurants. Three Sushiro outlets have been fitted with the new digital conveyor belts. The student from western Hyogo prefecture said he would miss the convenience of being able to pick up sushi directly from the conveyor belts, if they are eventually phased out completely.

Persons: Hong Kong CNN —, —, Akindo, pranksters, Sushiro, ”, Alessio Procopio, Hideki Organizations: Hong Kong CNN, Police, NHK Locations: Tokyo, Hong Kong, Osaka, Nagoya, Gifu, Japan, Hyogo

Here are the meanings of the least-found words that were used in (mostly) recent Times articles. — Ireland’s Medieval Beacon (April 16, 1995)2. natant — swimming or floating (and a frequent guest on this list):I love the word natant. — Mexico’s Last Countercultural Coast (Feb. 3, 2020)6. tali — plural of talus, an ankle bone:T.I.L. (Today I Learned) that tali is another word for “anklebones.” — Long Story Short (Jan. 3, 2022)7. atilt — askew:The facade is atilt, the S.U.V. Wrestler Taps In Against Concussion Deniers (Oct. 26, 2022)The list of the week’s easiest words:

Persons: abbacy, Norman Leinster, —, peplum, hegemon, tali —, tali, ” —, atilt — askew, Stacey Abrams, ’, ”, Alessio Mortelliti, tallit — Organizations: Sun, —, University of Maine, National Science Foundation, Dolphins Locations: Glendalough, abbacy, China, Beijing, lantana, California, tatters, Ukraine

☆ 3 Factors Keeping Americans From New Weight-Loss Drugs
▼ + stars: | 2023-08-04 | by ( Gina Kolata | More About Gina Kolata | ) www.nytimes.com time to read: +3 min

That’s the median weight loss experienced by people who take Wegovy, a drug from Novo Nordisk. Many patients started by taking Ozempic, a diabetes drug also by Novo Nordisk that led to weight loss as a side effect. Mounjaro, made by Eli Lilly and approved for treating diabetes, is expected to be approved soon for obesity. While price and insurance coverage pose problems for patients, health economists expect prices to come down as more drugs are approved and companies face competition. Medicare is forbidden by law to pay for weight-loss drugs, although there is an intense lobbying effort to change that.

Persons: Eli Lilly, David A, Eli Lilly’s, “, ”, Ania, Robert F, Kushner Organizations: Novo Nordisk, Duke University, Yale University, Northwestern University Feinberg School of Medicine, “ Locations: Novo

☆ These may be the world’s best warships. And they’re not American
▼ + stars: | 2023-06-02 | by ( Brad Lendon | ) edition.cnn.com time to read: +12 min

A challenger for China’s world-beating Type 055sThe Pentagon estimates China’s navy to have around 340 warships at present, while the US has fewer than 300. Take China’s Type 055, in many eyes the world’s premier destroyer. The three Sejongs, which cost about $925 million each, are the pride of the South Korean fleet. All these Japanese and South Korean vessels are designed to incorporate US technology, weapons, spy radars and the Aegis command and control system. But then if the US, Japanese and South Korean ships use similar technology and can operate together, why does the law prevent the US from building some of its ships in Japanese and South Korean shipyards?

Persons: South Korea CNN —, China’s, Lloyd Austin, Li Shangfu, ”, Blake Herzinger, Carl Schuster, –, Schuster, Herzinger, it’s, Arleigh Burke, ., Kim, Sejong, ” Kim, Alessio Patalano, Arleigh Burkes, ” Patalano, Japan’s, ” Schuster, It’s, Travis Callaghan, “, Nick Childs, There’s, Childs, ” Herzinger Organizations: South Korea CNN, United, US Navy, US, CNN, Beijing doesn’t, United States Studies Center, Pacific Command’s Joint Intelligence Center, South Korea’s Sejong, South Korean, South Korean Navy, country’s Defense Media Agency, South, Korea Association of Military Studies, King’s College, Arleigh, Aegis, Maritime Administration, US Coast Guard, Shipbuilding, USNI News, Navy Locations: Seoul, South Korea, China, South, Taiwan, Singapore, Austin, Washington, Beijing, Japan, Australia, Hawaii, Xianyang, South Korea’s, London, Asia, Washington’s, United States, America

☆ Italy plans state-backed fund to promote AI startups
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +1 min

ROME, May 30 (Reuters) - Italy's government plans to set up an investment fund backed by state lender Cassa Depositi e Prestiti (CDP) to promote startups investing in Artificial Intelligence (AI), cabinet undersecretary Alessio Butti said on Tuesday. The upcoming vehicle will "promote study, research and programming on AI in Italy," Butti said in a statement. Many experts say new regulations are needed to govern AI because of its potential impact on national security and education, as well as jobs. A government source told Reuters Rome planned to earmark around 150 million euros ($165 million) to launch the fund. CDP is expected to invest its own resources in the scheme through CDP Venture Capital, a fund with around 3.2 billion euros in assets under management.

☆ Lazio face crunch match with Milan in race for Champions League spots
▼ + stars: | 2023-05-05 | by ( Tommy Lund | ) www.reuters.com time to read: +3 min

Maurizio Sarri's Lazio side face a tough test in Milan, who have been unbeaten at San Siro in their last eight games in all competitions. Lazio have 64 points ahead of Juve (63) and Inter Milan (60) with Atalanta, Milan and AS Roma (58) jostling for the top four. Pioli, whose Milan team were dethroned by Napoli in the league, also have a Champions League semi-final, first leg against Inter on Wednesday to think about. "Last year we took big steps forward when we came out of the Champions League, while this year in Europe we're doing exceptional things." Juve have found scoring on the road difficult, managing only four goals in their last five league games.

☆ One of the pillars of the SEC is to protect investors, says digital asset custody platform
▼ + stars: | 2023-02-16 | 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 EmailOne of the pillars of the SEC is to protect investors, says digital asset custody platformAlessio Quaglini of Hex Trust says tighter cryptocurrency regulations by the U.S. Securities and Exchange Commission will target exchanges that provide "a whole range" of financial services to retail and traditional investors.

☆ Gen Z workers have fueled job title inflation. It was perfectly timed with the Great Resignation.
▼ + stars: | 2023-02-07 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +2 min

I'm a Gen Z worker, and to some extent, I understand why millennial bosses find us daunting (here's Insider's guide to dealing with Gen Z workers, btw). That power fuels a lot of Gen Z stereotypes: doing things our own way, valuing work-life balance, and not having job loyalty. Burton/Getty images; Robyn Phelps/InsiderGen Z + Great Resignation = overinflated job titles. Here's what to know:My brilliant colleague Aki Ito breaks down how some job titles have become overinflated, like "senior executive vice president." Title inflation also appeases Gen Z.

Many on Wall Street remain convinced that a widely expected recession is likely to roil markets once again sometime this year. Also encouraging for investors was Powell's repeated references to disinflation - a falling rate of inflation. "I think they do see a path where you can get that soft landing, that Goldilocks-type scenario play out," he said. Banks and asset managers that have reiterated recession calls in recent weeks include BlackRock, Wells Fargo and Neuberger Berman. "Do people think (rate cuts) will be in response to inflation that has been coming down or something more dramatic, in terms of economic slowdown?

☆ Exclusive: JPMorgan looking to finance Italy's Serie A for up to 1 bln euros -sources
▼ + stars: | 2023-01-26 | by ( Elvira Pollina | ) www.reuters.com time to read: +4 min

The sources said the 20 clubs that comprise Serie A were informed of the interest by the U.S. bank at a closed-door meeting of their top executives on Thursday. Serie A has been looking at options to extract more money from its media rights, which account for roughly half the revenues of its clubs. Like other European soccer leagues, Serie A lags England's Premier League in terms of income and is looking at ways to revive its global appeal. The sources said Serie A clubs learnt on Thursday that Apollo Global Management (APO.N) had also come forward, without providing further details. Prior to that meeting, clubs are due to discuss in mid-February the sale process of the media rights, which is expected to start later this year.

☆ Italy seeks clarification, prompt solution to massive email outage
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +1 min

MILAN, Jan 25 (Reuters) - Italy's government has sought clarification over an outage that has been affecting nine million users of Internet provider Italiaonline's webmail services since Jan. 23, it said on Wednesday. Answering a query from Reuters, Italiaonline said it had no evidence at present that its problems bore any relation to those suffered on Wednesday by millions of Microsoft (MSFT.O) users. "We expected to restore usage of Libero Mail and Virgilio Mail within the next 24/48 hours," Italiaonline said in a statement. "Given it's an operating system bug it takes time to develop a technical solution, with the primary goal of protecting data integrity," Italiaonline said. Reporting by Elvira Pollina; editing by Valentina Za, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

☆ Wall St Week Ahead U.S. investors hunt for gains in foreign stocks
▼ + stars: | 2023-01-13 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

Europe's STOXX 600 index (.STOXX) has gained some 17% since the end of the third quarter, versus 11% for the U.S. benchmark S&P 500. MSCI's gauge of global stocks excluding the U.S. has risen more than 20% over that time. The firm last month rotated more into international equities as it increased its overall stock exposure, de Longis said. US vs European stock performanceInternational stocks were recently touted by investor Jeffrey Gundlach of DoubleLine Capital and BofA Global Research, which projected global stocks would "crush" their U.S peers in 2023. Buying international stocks could be a "complement" to the opportunity domestically, said Mona Mahajan, senior investment strategist at Edward Jones.

☆ Italy seeks new options for TIM with network bid seen on hold
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: +2 min

The statement also reiterated that Rome was keen to secure control of TIM's network. A government source said Prime Minister Giorgia Meloni had put CDP's bid on hold. Marking a break with the past, Meloni on Friday entrusted the government's broadband strategy to Butti, who has openly criticised CDP's plans for TIM. Economy Minister Giancarlo Giorgetti this month said Butti's plans required extensive discussions within the government, which had "several options" to secure control of TIM's network. TIM, which is expected to hold a board meeting on Wednesday to discuss governance issues, had no immediate comment.

Such a plan met heavy reservations within Giorgia Meloni's new right-wing administration, which decided to put CDP's bid on hold on Monday night, two government officials told Reuters. TIM, which has been under pressure for years due to a hyper-competitive domestic market, had no immediate comment. Economy Minister Giancarlo Giorgetti this month said Butti's plans required extensive discussions within the government, which had "several options" to secure control of TIM's network. Butti, who has openly criticised CDP's plans for TIM, has called on the Treasury-owned lender to take over TIM in full to then sell its service operations, including its Brazil-listed unit. TIM is expected to hold a board meeting on Wednesday to discuss the appointment of a director to replace Renault boss Luca de Meo.

But key officials in Giorgia Meloni's right-wing government have expressed strong reservations about CDP's plans for TIM, making a non-binding bid from the state lender for the network unlikely, three sources told Reuters. Top government officials are expected to meet later on Monday to discuss plans for TIM, among other issues. Marking a break with the past, Meloni on Friday entrusted the government's broadband strategy to Cabinet Undersecretary Alessio Butti, who has openly criticised CDP's plans for TIM. Economy Minister Giancarlo Giorgetti last week reiterated that the government wants to win control of TIM's network which is deemed of strategic interest, adding such a goal can be reached in "several ways". Giorgetti also warned that Butti's plans for TIM needs to be extensively discussed within the government.

Cabinet undersecretary Alessio Butti will now be in charge of the strategy, according to a decree on Friday seen by Reuters. Butti has been critical of the previous government's plan to cut TIM's 25 billion euro ($26 billion) debt pile by selling its landline grid. The sale is a key plank of CEO Pietro Labriola's strategy to break up and revamp the battered company. The multi-billion euro offer would be part of a broader project to merge TIM's network with smaller rival Open Fiber, which is controlled by CDP. Earlier this month Giorgetti warned that Butti's plans for TIM needs to be extensively discussed within the government.

☆ Italy PM empowers top aide Butti to oversee fast-broadband strategy - draft
▼ + stars: | 2022-11-25 | by ( ) www.reuters.com time to read: +1 min

MILAN, Nov 25 (Reuters) - Italian Prime Minister Giorgia Meloni has given cabinet undersecretary Alessio Butti powers to oversee Rome's strategic policies to develop ultra-fast broadband networks, a government decree seen by Reuters showed on Friday. The multi-billion euro offer would be part of a broader plan to merge TIM's network with smaller rival Open Fiber, which is controlled by CDP. Butti criticised such a plan and called on CDP to take control of TIM as a way to pursue the goal of combining the former phone monopoly network assets with those of Open Fiber. TIM's top investor is French media company Vivendi (VIV.PA) with a 24% stake and the second largest is CDP with a 10% stake. Reporting by Elvira Pollina and Giuseppe Fonte; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

☆ I'm a broker on 'Selling the Hamptons.' If you're looking to buy a house, now's the time to do it — before spring.
▼ + stars: | 2022-11-14 | by ( Dorothy Cucci | ) www.businessinsider.com time to read: +10 min

This as-told-to essay is based on a conversation with Bianca D'Alessio, a broker for Nest Seekers International and castmember of 'Selling the Hamptons.' Across the market, different price points are responding differently. When you're a renter, you're paying someone else's mortgage; when you own, you're paying yours. Once they've identified them, we can move forward in having a conversation of what's possible in different areas and at different price points. At different price points, different inventory types, and in different cities, we're going to feel different adjustments.

☆ Telecom Italia profit falls, net debt rises
▼ + stars: | 2022-11-09 | by ( Elvira Pollina | ) www.reuters.com time to read: +2 min

Italy's biggest phone company on Wednesday said earnings after interest, tax, depreciation, amortisation and lease (EBITDA-AL) were 1.31 billion euros in July-September. That is in line with an analyst consensus provided by the company and down from 1.48 billion euros a year ago. Revenue in Italy, where the former phone monopoly makes the bulk of its turnover, fell by 5.3% to 2.92 billion euros, also matching expectations. As a consequence, it wrote off deferred tax assets for a net 1.96 billion euros. Adjusted net debt was up 15% year-on-year to 25.5 billion euros at the end of September.

☆ Telecom Italia CEO sticks to turnaround plan as govt weighs alternatives
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +2 min

Unveiled in July, TIM Chief Executive Pietro Labriola's plan is mostly based on a potential multi-billion euro sale of its fixed network infrastructure to state lender CDP. Alessio Butti, responsible for telecoms policies in Meloni's Brothers of Italy party, has criticized TIM's plan to sell its landline grid. Sponsored by the previous government of Prime Minister Mario Draghi, the single network project is now being reviewed by the centre-right government that took office last month. Newly-appointed cabinet undersecretary Butti on Saturday said he would start talks with state lender CDP, TIM and other stakeholders over his plan, reigniting speculation of a government-sponsored takeover. Under the Minerva project, TIM would retain the network while hiving off its services operations and its Brazil-listed unit.

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