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☆ US vs. Chinese replenishment ships: The workhorses that keep aircraft carriers operating
▼ + stars: | 2024-11-10 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +12 min

Yet for all their importance, their missions would be impossible if not for the US Navy's unsung workhorses: replenishment ships. But replenishment ships also form the weakest link in the chain of American and Chinese carrier groups. Chow Chung-yan/South China Morning Post via Getty ImageChina's replenishment shipsThe US Navy has over 100 years of experience building and operating replenishment ships. Ultimately, the Chinese opted to pursue a new design for its next replenishment ships: the Type 903-class oiler. China has the largest shipbuilding industry in the world, however, enabling it to quickly build more oilers and convert some of its merchant ships into replenishment ships.

Persons: —, Jason R, Henry J, Kaiser refuels, Kenan O'Connor, Kaiser, Lewis, Clark, Dwight D, Eisenhower, Cole Keller, John Lewis, Harvey Milk, Earl Warren —, USNS Robert F, Kennedy, Chow Chung, Michael Singley, Chaganhu, Benjamin Brimelow Organizations: Service, US, Supply, Military Sealift Command, US Navy, Military Sealift Command's Combat Logistics Force, MSC, FAS, USNS Supply, Navy, General Dynamics, USNS, General Dynamics's National Steel and Shipbuilding Company, China Morning, Soviet Navy, NATO, USS Supply, Japanese Ministry of Defense, Sealift Command, Big, Global Affairs, Fletcher School of Law, Diplomacy, Business, Modern, Institute Locations: China, Red, Getty, Ukraine, Gulf, Aden, Shandong, Taiwan, Guam, South China, Pacific, USNS Pecos, Israel, Iran, West

☆ USS White River: How the US Navy transformed a landing vessel into a legendary rocket artillery ship
▼ + stars: | 2024-09-14 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +14 min

Rather than building an entirely new vessel, it was decided to modify medium-sized landing ships (classified as LSMs for 'Landing Ship Medium'). Officially renamed USS White River in 1955, the ship was decommissioned again in 1956. A day after that, White River fired on a nearby VC anti-aircraft site, destroying it and killing or wounding 11 guerillas. Winstead/National ArchivesFuture shore bombardment and LSMsDespite its value and firepower, by 1970, White River was showing its age. Now known as the Medium Landing Ship program, the Navy hopes to acquire 18 to 35 of the vessels.

Persons: —, White, Cmdr, Roy E, McCoy, Chris Page, we'd, R.E, Winstead, USS Zumwalt, hasn't, they're, Benjamin Brimelow Organizations: Service, US Defense Department, Business, Navy, US Navy, USS, National Archives ', Archives, Atlantic Reserve Fleet, Pacific Fleet, Pacific Reserve Fleet, South Vietnamese Army, Archives Future, Naval, AGS, Marine Corps, Operations, Corps, Global Affairs, Fletcher School of Law, Diplomacy, Modern, Institute Locations: Ukraine, White, beachheads, Pacific, Africa, Europe, Plaines, California, Japan, LSMR, Ch'o, Korean, San Diego, Vietnam, South, Ngãi Province, South Vietnam, Cambodian, Gulf, Thailand, Delta, Viet, Quảng Ngãi, Phuoc Tuy Province, Missouri, West

☆ America's X-37B vs. China's Shenlong: Top space planes and their shadowy role in orbital war
▼ + stars: | 2024-08-24 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +13 min

Jeremy Webster/US Air ForceX-37BA space plane is a reusable spacefaring craft that can maneuver in space independently and also fly and glide within Earth's atmosphere. The most well-known space planes are the American Space Shuttle and the Soviet Buran. The program is surrounded in such extreme secrecy that there are no known images of the space plane in its current form. Though the exact start date is unknown, academic models of a Chinese space plane were reported as far back as 2000. AdvertisementOne of the most impactful possible uses of the space planes is as anti-satellite assets.

Persons: —, Jeremy Webster, NASA's, Timothy Kirchner, NASA foresees, Wang Jiangbo, Paul Hennessy, NurPhoto, Shenlong, spaceplanes, Nick Hague, Benjamin Brimelow Organizations: Service, Business, Kennedy Space Center, Landing, US Air Force, American Space Shuttle, Soviet, Space Shuttle, NASA, Boeing, US Defense Department, Defense, Research Projects Agency, DARPA, United States Air Force Space Command, Orbital, NASA's Kennedy Space Center, Atlas V, U.S . Space Force, . Air Force, Space Force, Force, Getty, Cape Canaveral Air Force, China Aerospace Science, Technology Corporation, US Department of Defense, Global Affairs, Fletcher School of Law, Diplomacy, Modern, Institute Locations: United States, China, U.S, Xinhua, US, India, Russia, West

☆ Watch out for the semiconductor supercycle before you start buying stocks like Nvidia
▼ + stars: | 2024-08-02 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +6 min

Nvidia stock prices have more than doubled since the start of the year, and in June, it briefly became the world's most valuable company. "The boom in spending on AI infrastructure has been a major growth driver for the chip industry," Miller said. Zuckerberg even touted Meta's growing stockpile of Nvidia chips in an interview with The Verge in January, adding that he expects the company to own more than 340,000 Nvidia H100 GPUs by the end of 2024. The boom in data center builds has also spurred significant chip demand. Amazon, Meta, and Google are all designing their own AI chips.

Persons: —, Chris Miller, Miller, Meta's Mark Zuckerberg, Tesla's Elon Musk, Zuckerberg, TSMC, Thomas Rupf, Josie Ananto, Parthenon's Ananto, Jensen Huang, Goldman Sachs Organizations: Service, Nvidia, The Fletcher School, Tufts University, Business, New York Times, Bank Asia, Nvidia Semiconductor, Big Tech, Meta, Google Locations: EY

☆ Iran's Islamic Revolutionary Guard Corps gets powerful ships to confront adversaries well beyond the Persian Gulf
▼ + stars: | 2024-07-04 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +17 min

Read previewIn the last three years, Iran's Islamic Revolutionary Guard Corps Navy has commissioned hundreds of new vessels. AdvertisementThe Shahid Hassan Bagheri is one of three new Soleimani-class missile corvettes that are the most heavily armed warships in the Islamic Revolutionary Guard Corps Navy's fleet. Despite being lightly armed, it has a record of harassing US vessels and civilian ships in the Persian Gulf. AdvertisementThree Soleimani-class corvettes, Shahid Soleimani, Shahid Hassan Bagheri, and Shahid Sayyad Shirazi, have been commissioned, while a fourth, Shahid Ra'is-Ali Delvari, is under construction. AdvertisementMahdavi will eventually be joined by another converted container ship, the Shahid Bagheri.

Persons: —, Shahid Hassan Bagheri, Morteza Nikoubazl, Ayatollah Ali Khamenei, Shahid Soleimani, Nazeri, Shahid Nazeri, SAMs, Shahid Sayyad Shirazi, Shahid Ra'is, Ali Delvari, Hassan Bagheri, Abu Mahdi al, Shahid, Alireza Tangsiri, Shahid Mahdavi, 400Y8DYPlr — Mehdi H, Shahid Roudaki, Roudaki, Mahdavi, Lewis B, Puller, Shahid Bagheri, Bagheri, Tangsiri, IRGCN, Ayatollah Khamenei, Nadimi, Saviz, Diego Garcia, Benjamin Brimelow Organizations: Service, Islamic Revolutionary Guard Corps Navy, Business, Islamic Revolutionary Guard Corps Navy's, Islamic Revolutionary Guard Corps, US, Quds Force, Guard, Southern Hemisphere, American, British, Washington Institute for Near East Policy, Global Affairs, Fletcher School of Law, Diplomacy, Modern, Institute Locations: Iran, Saudi Arabia, Persian, Gulf of Oman, Hormuz, China, Russia, Taiwan, Norway, Yemen, Makran, Morteza, Israel, Lebanon, Hamas, Gaza, Syria, Mahdavi, West

☆ US vs. Chinese aircraft carriers: How the world's top flattops stack up
▼ + stars: | 2024-06-01 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +16 min

Liaoning and ShandongAircraft carrier Liaoning set out for sea trials at Dalian shipyard with the help of tugboats. A J-15 fighter takes off from aircraft carrier Shandong during the combat readiness patrol and military exercises around Taiwan. Aircraft carrier USS Gerald R. Ford sails in the Adriatic Sea. China has no experience operating carrier catapults on its warships (though it did study carrier catapults when it purchased the decommissioned Australian carrier HMAS Melbourn from Canberra in 1985 under the guise of scrapping). AdvertisementChina's third aircraft carrier, the Fujian, docks in Shanghai with a Chinese flag seen in the foreground.

Persons: —, Kuznetsov, Pu, Gerald R, Ford, George H.W, George H.W . Bush, Smith, Jackson Adkins, John F, Kennedy, Doris Miller, Dwight D, Eisenhower, Jacob Mattingly, Li Gang, Timothy Heath, Heath, China's, Benjamin Brimelow Organizations: Service, US Navy, Business, Shandong Aircraft, Getty, People's Liberation Army Navy, Getty Images Fujian, EA, Jiangnan Shipyard, Getty Images, PLAN, Xinhua News Agency, Nimitz, Ford, Aircraft, Greyhound, Navy, Carrier, USS Enterprise, Pacific Fleet, Shandong, RAND Corporation, US, Global Affairs, Fletcher School of Law, Diplomacy, Modern, Institute Locations: Shanghai, Fujian, China, China's, Liaoning, Dalian, Shandong, Soviet, Ukraine, Taiwan, Xinhua, Getty Images China, George H.W ., Adriatic, Melbourn, Canberra, Sanya, Hainan Province, West

☆ Warren Buffett is worried about potential for 'huge losses' in booming, but still tiny insurance market
▼ + stars: | 2024-05-31 | by ( Kevin Williams | ) www.cnbc.com time to read: +11 min

Cyber insurance has become "a very fashionable product," Jain said at the annual meeting. Shokrai says categorizing how to attribute an event is the topic of much debate between insurance companies. "That is a big debate between insurance companies; it is an important distinction that needs clarity," Shokrai said. "I will tell you that most people want to be in anything that's fashionable when they write insurance. "Probably Warren Buffet would have called cybersecurity insurance an opportunity when he was younger," he said.

Persons: Buffett, Glombicki, Gerald Glombicki, Fitch, Berkshire Hathaway, Chubb, Jain, it's, Warren Buffett, Ajit Jain, Michael Chertoff —, Mark Friedlander, Friedlander, " Friedlander, Monica Shokrai, Warren Buffet, Shokrai, isn't, Josephine Wolff, Steve Griffin, they'll, They're, Charlie, Munger, Griffin, Warren Organizations: Industry, AIG, Berkshire Hathaway's, Berkshire, Homeland Security, Insurance, Google, The Fletcher School, Tufts University, L3 Networks Locations: Fitch Rating's, Berkshire, Omaha, California, . Berkshire

☆ Opinion: Hardened like diamonds, these Gen Z protesters fight for a European future
▼ + stars: | 2024-05-20 | by ( Opinion Will Cathcart | ) edition.cnn.com time to read: +7 min

They snatch protesters from the crowd and drag them back into a mass of black uniforms. Will Cathcart Will CathcartHundreds of thousands of people have taken to the streets across Georgia in recent weeks to protest the government’s adoption of a Kremlin-inspired “foreign agents” bill. As with the foreign agents law, the bill’s authors claim it promotes transparency, an absurd notion. The foreign agents bill is a symptom of a deeper issue – money. The pressures of authoritarian intimidation and systematic violence have hardened Georgia’s young protestors like diamonds.

Persons: Will Cathcart, Mikheil Saakashvili, Cathcart Will Cathcart, Vladimir Putin’s, Putin, Hans Gutbrod, ”, Salome Zourabichvili, aren’t, Gen Z, Europe –, Giorgi Arjevanidze, Bidzina Ivanishvili, Party ” –, Mamuka Mdinaradze, Shalva Papuashvili, – “, “, James O’Brien’s, Ivanishvili, Zviad Organizations: CNN, Tbilisi CNN — Riot, Georgian, Ilia State University, European Union, Getty, Global, Party, Georgian Orthodox Church, US, State, Eurasian Affairs, Fletcher School of Law, NATO, Special Forces Exchange Locations: American, Tbilisi, Georgia, Russia, Belarus, Kyrgyzstan, Europe, AFP, Georgian, Soviet, Russian, United States, Brussels, Washington, Moscow, EU

☆ Corporate America Is Going Un-Woke: Reversing DEI, Sustainability Plan
▼ + stars: | 2024-05-09 | by ( Emily Stewart | ) www.businessinsider.com time to read: +10 min

Plenty of companies are reining in their rhetoric and in some cases action on issues such as sustainability and diversity. Over the past decade, many corporations have at least professed to take a more active role in social issues, under pressure from their customers and, more importantly, employees. After last year's Bud Light debacle, which was a real blow to its business, executives fear they'll be the next target of some anti-woke outcry. For the fourth quarter of 2020, 131 companies mentioned ESG, and 34 mentioned DEI or diversity and inclusion. This may be a great un-wokening, but maybe corporate America was actually never that committed to the idea in the first place.

Persons: Paul Polman, It's, Naomi Wheeless, Eventbrite, Donald Trump, Larry Fink, George Floyd's, ESG, Andrew Jones, there's, Bud Light, influencer Dylan Mulvaney, haven't, Philip Mirvis, Bud, they'll, they'd, Jones, it's, Fink, FactSet, — we're, wasn't, Alison Taylor, University's, we've, Roe, Wade, Taylor, isn't, Dylan Mulvaney, Bud Light's, Kenneth Pucker, Emily Stewart Organizations: Unilever, Unilever wasn't, Unilever isn't, Companies, Business, Sporting Goods, Conference Board's ESG, Morningstar, Babson, AIG, Amazon, ExxonMobil, University's Stern School of Business, Anheuser, Busch, Fletcher School, Tufts University Locations: Plenty, America, ESG, New, Charlottesville

☆ The fact that Elon Musk was right about EVs doesn't mean he's going to be right now: Gautam Mukunda
▼ + stars: | 2024-04-23 | 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 EmailThe fact that Elon Musk was right about EVs doesn't mean he's going to be right now: Gautam MukundaGautam Mukunda, lecturer in the practice of management at the Fletcher School of Law and Diplomacy, joins 'Squawk Box' to discuss Elon Musk's leadership at Tesla, whether he is the right person to lead the company going forward, and more.

Persons: Elon Musk, Gautam Mukunda Gautam Mukunda Organizations: Fletcher School of Law, Elon, Tesla

☆ China's latest supersonic spy drone looks a lot like the Lockheed D-21 that crashed there in 1971
▼ + stars: | 2024-04-20 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +11 min

The aircraft, shaped like a dart and painted black, was a D-21 supersonic reconnaissance drone. Ultimately unsuccessful, the drone would be relegated to the annals of aviation history if not for the appearance of a strikingly similar Chinese drone unveiled at a recent military parade. AdvertisementThis is what we know about the high-flying Chinese spy drone and the D-21 upon which it could be based. High altitude, high speedLockheed's solution was to create an unmanned high-altitude high-speed reconnaissance aircraft with similar capabilities as the A-12, but much smaller. A WZ-8 reconnaissance drone is on display at the 13th China International Aviation and Aerospace Exhibition on September 28, 2021 in Zhuhai, China.

Persons: —, Francis Gary Powers, Dwight Eisenhower, Marquardt, Bill, Ray Torrick, Chen Xiao, Benjamin Brimelow Organizations: Service, Air Force, 4200th Support Squadron, Andersen Air Force Base, Business, Lockheed Corporation, Soviet, White House, CIA, Central Intelligence Agency, Lockheed's, Works, Redesignated, Navy, US Air Force, Chinese Aviation Museum, Davis, Monthan Air Force Base, 13th China International Aviation, Aerospace, US National Geospatial - Intelligence Agency, 29th Air Regiment, People's Liberation Army Air Force's 10th Bomber, Global Affairs, Fletcher School of Law, Diplomacy, Modern, Institute Locations: Guam, China, Soviet Union, Soviet, Yunnan, Beijing, Tucson , Arizona, United States, Zhuhai, People's Republic of China, Liuan, Korean, Taiwan, Pacific, West

☆ Russia's hunted A-50 command planes are its eyes over Ukraine. Here's how it compares to the Boeing E-3 Sentry.
▼ + stars: | 2024-04-17 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +13 min

Ukraine's most significant aircraft kills in 2024 are two Russian A-50 command planes. AP PhotoThe MainstayAEW&C aircraft are aerial radar stations meant to detect and track enemy weapon systems — namely aircraft, missiles, and naval ships. An E-3 Sentry takes off at Nellis Air Force Base in Nevada in January 2024. Last November, the Russians threatened to destroy a French Air Force E-3 that was operating over the Black Sea in what a French military spokesman described as "a particularly aggressive radio exchange." AdvertisementLast year, the US Air Force announced that it had selected the Boeing E-7 Wedgetail as the E-3's intended replacement.

Persons: —, Tupolev, William R, Park Chung, hee, Anwar Sadat, Joseph Barron, hasn't, Benjamin Brimelow Organizations: Service, Russian Aerospace Forces, Soviet Union, Machulishchy, State TV, Radio Company, AP, Western Allies, Beriev, Ilyushin, NATO, Nellis Air Force Base, US Air Force, System, Boeing, Air, Air Force, North American Aerospace Defense Command, NORAD, Saudi, Royal Air Force, Control Force, NATO Air Base, U.S . Air Force KC, US Air Force Ukraine, Ukrainian Air Force, Allied, French Air Force, Global Affairs, Fletcher School of Law, Diplomacy, Business, Modern, Institute Locations: Russian, Ukraine, Soviet, Minsk, Belarus, Ukrainian, USSR, China, India, Turkey, Chechnya, Georgia, Syria, Syrian, Nevada, American, Latin America, South Korea, Egypt, Saudi Arabia, Iran, Iraq, France, Chile, NATO, Germany, Europe, Azov, Russia, Poland, Romania, Australia, West

☆ Israel's response to Iranian attacks should be carefully calculated, says Tufts' Dan Drezner
▼ + stars: | 2024-04-15 | 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 EmailIsrael's response to Iranian attacks should be carefully calculated, says Tufts' Dan DreznerDanielle Pletka, senior fellow at American Enterprise Institute, and Dan Drezner, professor of international politics at Tufts University Fletcher School, join CNBC's 'The Exchange' to discuss how Israel should respond to Iran, impact on the U.S., and more.

Persons: Tufts, Dan Drezner Danielle Pletka, Dan Drezner, CNBC's Organizations: American Enterprise Institute, Tufts University Fletcher School Locations: Israel, Iran

☆ NATO navies are worried about Russia using its unique weapons to pick a fight on territory nobody controls
▼ + stars: | 2023-11-29 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +8 min

Recent damage to undersea pipelines and cables in Europe has raised concern among NATO members. AdvertisementThe emphasis on defending underwater infrastructure is visible in the alliance's operations. The annual Dynamic Messenger exercise includes a focus on protecting critical underwater infrastructure and involves information exchanges between alliance militaries and private-sector actors. OLE BERG-RUSTEN/NTB/AFP via Getty ImagesProtecting underwater infrastructure is no simple task, however. AdvertisementThe situation becomes more complicated because underwater infrastructure often passes through international waters, muddling the legal framework around its protection and making a response harder.

Persons: —, David Cattler, Shawn Coover, Adm, Ben Key, Jens Köhler, JEF, Andrey Luzik, Key, Constantine Atlamazoglou Organizations: NATO, Service, Finnish Border Guard, REUTERS, Steam, US Marine Corps, Staff, British Royal Navy's, Royal Navy, Getty, Joint Expeditionary Force, Norwegian Coast Guard, OLE BERG, Russia Ministry of Defense, Directorate, Fletcher School of Law, LinkedIn, Twitter Locations: Europe, Russia, NATO's, Estonia, Finland, Baltic, Norway, Norwegian, Germany, Ukraine, Hiddensee, Nordic, AFP, Severomorsk

☆ The British navy's newest aircraft carrier teamed up with US pilots to launch F-35 jets in 'beast mode' for the first time
▼ + stars: | 2023-11-09 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +7 min

Flight deck crew prepare to remove straps from an F-35B aboard HMS Prince of Wales. A series of firstsRoyal Navy handlers direct an F-35B on the flight deck of HMS Prince of Wales. Those tests were also the first time an aircraft launched by HMS Prince of Wales has dropped bombs, albeit inert ones. A flight deck officer signals an F-35B to launch from HMS Prince of Wales. AdvertisementAdvertisement"The last four weeks at sea have been the busiest HMS Prince of Wales has ever seen," the ship's commanding officer, Capt.

Persons: —, Wales, John Etherington, HMS, HMS Prince, Elizabeth , Prince of Wales, of Wales, Queen Elizabeth, Richard Hewitt, Prince, Dane Wiedmann HMS Prince, Elizabeth, Merlin, Gerald, Prince of, Mike Lippert, Constantine Atlamazoglou Organizations: US, Service, Royal Navy, HMS, Royal, British, US Marine Corps, US Marine, Naval, Pax River's, Force, Prince, Atlantic, US Navy, US Navy's Nimitz, Marine Corps, Fletcher School of Law, LinkedIn, Twitter Locations: Coast, Prince, HMS Prince, East Coast, Wales, British, Maryland, Prince of Wales

That's the assessment of a new report released on Thursday by the American Academy of Arts and Sciences (AAAS). There is growing concern about a contradiction in the U.S. economy: jobs are plentiful and economic growth is strong, especially compared with other advanced economies, but surveys show many Americans are sour about the outlook. A key part of the report is a new tool developed to measure the well-being of Americans, which combines 11 different measures. Researchers around the world have long sought to find better ways to gauge the well-being of people that look beyond measures such as economic growth or unemployment. Reuters GraphicsOne unique part of the measure is an attempt to quantify the "political voice" of Americans.

Persons: Gaelen Morse, Matthew Slaughter, Nicholas Lemann, there's, Lemann, Jacob Hacker, Timothy Aeppel, Paul Simao Organizations: REUTERS, American Academy of Arts and Sciences, Dartmouth College's Tuck School of Business, Federal Reserve, U.S . Census, Columbia Journalism School, Reuters, Yale University, Thomson Locations: Columbus , Ohio, U.S, America

☆ A first-of-its-kind drone landing shows how the British navy plans to keep its new aircraft carriers in action for longer
▼ + stars: | 2023-10-23 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +7 min

During a test in September, a drone flew on and off a British aircraft carrier for the first time. A difficult operationRoyal Navy airman secure a W Autonomous Systems drone aboard HMS Prince of Wales in early September. In 2021, the Royal Navy tested a drone system meant to help crews train to defend against incoming jets and missiles. AdvertisementAdvertisementTurkey's navy will soon add TCG Anadolu, the world's first aircraft carrier designed for a drone air wing. The US Air Force's Next Aircraft Dominance Program is developing a sixth-generation family of aircraft, drone wingmen designed to fly alongside piloted planes.

Persons: —, Wales, Richard Hewitt, HMS Prince, LPhot Finn Stainer, Hutchins, Hewitt, Merlin, Ash Loftus, Prince, Burak, NavyMCS2 Colby, Alex Hollings, Hollings, George H.W, George H.W . Bush, MCS3 Brandon Roberson, Constantine Atlamazoglou Organizations: Service, Royal Navy, Autonomous Systems, Royal Navy Carrier Strike Groups, Wildcat, Fleet, Royal Navy Air Test, Anadolu, Anadolu Agency, Getty Images, US Air Force, Navy, US, Force's, Air Force, US Navy, Fletcher School of Law, LinkedIn, Twitter Locations: British, Prince, Wales, Dardanelles, Tulsa, Vietnam, George H.W .

REUTERS/Lucy Nicholson/File Photo Acquire Licensing RightsOct 23 (Reuters) - Jason Andringa’s company was part of the stampede of U.S. businesses that built factories in China. But the mood of Vermeer and many other global producers has turned sour on China. Rather than expand in China, these companies are directing new investments to other low-cost countries such as Vietnam and India. Ryan Gunnigle, CEO of Atlanta-based toy maker Kids2, said he is continuing to invest in his China factories, adding both automation and new capacity. The CEO of Danby Appliances, a Canadian company that sells over half of its products in the U.S., got 85% of its goods from Chinese factories five years ago.

Persons: Lucy Nicholson, Jason Andringa’s, Vermeer, Biden, Joe Biden, Xi Jinping, Gina Raimondo, Matt Dollard, Ryan Gunnigle, Kids2, Jim Estill, He’s, Danby, Timothy Aeppel, Anna Driver Organizations: Port, REUTERS, U.S ., U.S, Nvidia, Wall Street, U.S . Bureau, China Business Council, Reuters, Asia Pacific Economic Cooperation, Trump, RSM US, Appliances, Thomson Locations: Port of Long Beach, Port of Los Angeles, Los Angeles , California, U.S, China . Iowa, China, Mexico, Asia, San Francisco, Beijing, Washington, Taiwan, Vietnam, India, Atlanta, Canadian, Turkey, Canada

☆ An 87-year-old deal is keeping a lid on the naval war in Ukraine — for now
▼ + stars: | 2023-10-18 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +8 min

Fighting between Russia and Ukraine in the Black Sea has picked up in recent months. The fighting is taking a toll on Russia's Black Sea Fleet, which Moscow can't reinforce. Russia's Black Sea Fleet hasn't been defeated, but its losses, including the sinking of its flagship, the Moskva, weigh more heavily on Russia's war effort because of a deal signed nearly a century ago that is preventing Moscow from bringing more ships into the Black Sea. The convention distinguishes between Black Sea powers — those with a Black Sea coastline — and non-Black Sea powers. "Initially it was thought that it was a big deal that some of the Russian warships were prevented from entering the Black Sea.

Persons: —, Russia —, hasn't, Sergey Ponomarev, US Navy Arleigh Burke, OZAN KOSE, Ben Wallace, Stringer, Turkey's, Volodymyr Dubovyk, Dubovyk, Sabina Joja, Joja, Constantine Atlamazoglou Organizations: Montreux Convention, NATO, Service, Fleet, Sea Fleet, AP, US Navy, Getty, Russian, REUTERS, Mechnikov National University, Middle East Institute, Washington DC, Fletcher School of Law, LinkedIn, Twitter Locations: Russia, Ukraine, Moscow, Montreux, Crimea, Moskva, Sevastopol, Rostov, AFP, Turkey, Baltic, Northern, Odessa's, Ukrainian, Turkish, Romanian, Iulia, Washington, Izmail, Ankara, NATO

And as if to punctuate the tragedy and horror of the conflict, an explosion rocked a hospital in Gaza, causing hundreds of civilian casualties. "There is a significant U.S. interest here, showing strong support for Israel," which Biden did immediately after the attack and subsequently, she says. Hamas is based in Gaza, where civilian Palestinians have fought the Israeli government – Netanyahu especially – for civil and human rights. But while there are indeed Palestinians who support Hamas, not all do – and half of Gaza residents are children who are vulnerable as Israel seeks to erase Hamas forever. Biden and Netanyahu have had a chilly relationship going back to the Iran nuclear deal negotiated when Biden was vice president and which Netanyahu opposed.

Persons: Joe Biden, nudging, Biden, Biden doesn't, Benjamin Netanyahu, Jordan, King Abdullah II of Jordan, Mahmoud Abbas, Abdel Fattah el, Eileen Babbitt, Babbitt, Kamala Harris, Israel –, Chris Christie, Nikki Haley, Robert Lieberman, Israel, Lieberman, – Netanyahu, Netanyahu, Doug Schoen, Schoen, hamstrung Organizations: Hamas, Hezbollah, Palestinian National, White, Israel, The Fletcher School, Tufts University, Foreign, New, United Nations, Biden, Johns Hopkins University Locations: U.S, Israel, nudging Israel, Iran, Lebanon, Gaza, Egypt, Afghanistan, New Jersey, American, United States, Russia, China

☆ As Russia's war in Ukraine drags on, Kyiv's neighbors are loading up on new high-tech military gear
▼ + stars: | 2023-09-27 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +8 min

AdvertisementAdvertisementRussia's invasion of Ukraine has upended European security, driving countries there to plan once again for the possibility of a major land war. Those European countries have transferred billions of dollars' worth of military hardware to Ukraine, and now they are seeking to rebuild their own stocks. Poland and Romania both border Ukraine and have been affected by the war. US Army/Markus RauchenbergerBased on disclosed weapon transfers, Poland is Europe's second biggest contributor of military aid to Ukraine, sending Kyiv large quantities of Soviet-era arms. AdvertisementAdvertisementPoland also announced in September a $2 billion purchase of several hundred Naval Strike Missiles from Norway.

Persons: —, Markus Rauchenberger, HIMARS, Mariusz Blaszczak, Attila Husejnow, Abrams, DANIEL MIHAILESCU, spender, Constantine Atlamazoglou Organizations: Service, US Army, Baltic Fleet, Polish, Getty, Patriot, Lower Tier Air and Missile Defense Sensors, US, US State Department, Apaches, NATO, Polish Air Force, Washington, Getty Images, Naval, Missiles, Reuters, Fletcher School of Law, LinkedIn, Twitter Locations: Ukraine, Europe, Eastern Europe, Poland, Romania, Warsaw, Bucharest, Norway, NSMs, Kaliningrad, Poland's, Belarus, South Korea, Seoul, Romanian, AFP, Getty Images Romania, Eastern, Slovakia, Czech Republic

REUTERS/Bianca Flowers Acquire Licensing RightsSept 22 (Reuters) - Jeffrey Aznavorian has already cut output about 6% at his small auto parts factory outside Detroit due to the United Auto Workers strike. If the strike expands, it would only be a matter of weeks before some smaller suppliers faltered, said Marick Masters, a professor of business at Wayne State University. He estimates 30% of smaller suppliers carry too much debt to survive a long strike. Other measures also point to a supply base that was strained even before the strike. RapidRatings calculates "core health scores" for privately owned auto parts companies - based on a 100-point scale - which looks at their returns, cost structures, and capital structure.

Persons: Bianca Flowers, Jeffrey Aznavorian, Pittsburgh steelmaker, Laurie Harbour, Marick, James Gellert, Gellert, Timothy Aeppel, Andrea Ricci Organizations: Ford UAW, Detroit, REUTERS, United Auto Workers, Ford, General Motors, Chrysler, GM, Anderson Economic, Auto, CIE, Spain’s CIE Automotive, . Steel, Pittsburgh, Reuters, Harbour, Inc, Wayne State University, Thomson Locations: Chicago , Illinois, U.S, Detroit, Michigan, Midwest, Illinois, Southfield , Michigan, Plymouth , Michigan

☆ Fact check: Debunking eight Trump false claims about the Biden-era economy
▼ + stars: | 2023-09-14 | by ( Daniel Dale | ) edition.cnn.com time to read: +15 min

They’re looking for jobs, but many of ‘em aren’t looking for jobs, so it’s a fake number.”Facts First: Trump made two false claims here. Real incomes under Trump and BidenTrump claimed, “Under Biden, real incomes have gone down by $7,400 per family, think of that. Think of that.”Facts First: Both parts of Trump’s claim are false. When Biden took office in January 2021, the economy was about 9.4 million jobs below the pre-pandemic peak set in February 2020. By adding more than 13.4 million jobs over Biden’s first 30 full months, therefore, the country went roughly 4 million jobs above the pre-pandemic peak.

Persons: Donald Trump, Joe Biden –, Biden, Trump, Biden –, “, we’ll, Sean Spicer, Spicer, Biden Trump, Trump’s, it’s, Michael Klein, ” Klein, wouldn’t, That’s, –, doesn’t, PolitiFact, Biden’s Organizations: Washington CNN, Trump, White, White House, Bureau of Labor Statistics, Biden, Fletcher School, Tufts University, Federal Reserve, US, “, Heritage Foundation, Trump Trump Locations: South Dakota, Ukraine, ”, Biden’s

Bill Richardson, a longtime fixture of Democratic politics with turns as Energy Secretary and United Nations ambassador under the Clinton administration, died on Friday, the Richardson Center for Global Engagement said in a statement. There was no person that Governor Richardson would not speak with if it held the promise of returning a person to freedom,” Mickey Bergman, vice president of the Richardson Center, said in a statement. Richardson later served as US ambassador to the United Nations and secretary of energy before being elected governor of New Mexico in 2002. After an unsuccessful bid for the presidency in 2008, Richardson launched the Richardson Center for Global Engagement, a non profit promoting international peace, in 2011. He grew up in Mexico City, Mexico, leaving to attend boarding school in Massachusetts in 1960.

Persons: Bill Richardson, Clinton, Richardson, “, Mickey Bergman, ” Richardson, Frank Bradford Morse, Brittney Griner, Paul Whelan, Governor Richardson, Neda, “ Governor Richardson, Mexico Sen, Martin Heinrich, ” Heinrich, Barbara Richardson Organizations: CNN, Former New, Former New Mexico Gov, Energy Secretary, United Nations, Richardson Center, Global, Richardson, Massachusetts, US State Department, Senate Foreign Relations, House, New, “, Democratic, Tufts University, Tufts ’ Fletcher School of Law, Diplomacy Locations: Former New Mexico, Massachusetts, New Mexico, Moscow, Mexico, Pasadena , California, Mexico City

REUTERS/Jordan Vonderhaar Acquire Licensing RightsAug 31 (Reuters) - Even a robot invasion can't beat a slowing economy. Robot sales boomed through the pandemic, as producers scrambled to use the machines to churn out badly needed goods. Burnstein added that A3 expects the softness in robot orders to continue until the fourth quarter or early next year. In the past, they were concentrated in auto factories and their suppliers, which still make up a large share of all robot orders. Since construction projects vary in size and complexity, he said, there are spells when the robot isn't needed at all.

Persons: Jordan Vonderhaar, Nancy Kleitsch, Kleitsch, Jeff Burnstein, Burnstein, Aaron Anderson, Anderson, Timothy Aeppel, Dan Burns, Paul Simao Organizations: REUTERS, Companies, Association for Advancing Automation, Commerce Department, Reuters, Labor Department, Thomson Locations: San Antonio , Texas, U.S, North America, Phoenix, Concord , California

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