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Russia is producing shells 3 times faster than Ukraine's allies, a report said. The report said Russia was also producing shells more cheaply. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRussia is producing artillery shells faster and at a lower price than Ukraine's NATO allies, a report found. By comparison, the US, the UK, and other European allies are expected to produce 1.3 million this year.
Persons: Organizations: Service, NATO, Bain & Company, Sky News, Business Locations: Russia, Ukraine
US officials are considering letting Ukraine strike Russia with US weapons. AdvertisementThe US has banned Ukraine from striking targets in Russian territory with its arsenal of US weapons. The New York Times on Thursday reported that US officials are debating rolling back the rule, which Ukraine has argued severely hampers its ability to defend itself. The apparent U-turn comes after Russia placed weapons across the border from northeastern Ukraine and directed them at Kharkiv, according to the Times. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Service, New York Times, Times, Business Locations: Ukraine, Russia, Kharkiv
Neom canceled a desalination project worth $1.5 billion, according to a report. Enowa, a Neom subsidiary, told Meed it's water requirements had evolved. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA project to build a $1.5 billion water desalination plant in the Saudi Arabian desert city of Neom appears to have been scrapped. A consortium made up of Neom subsidiary Enowa, Japan's Itochu, and France's Veolia had agreed to develop the plant in December 2022.
Persons: Neom, Meed, , Japan's Itochu Organizations: Service, Veolia, Business Locations: Saudi Arabia, Saudi, Neom
The video envisages an economic boom, the deportation of migrants, and tax cuts if Trump wins. The Trump campaign claimed the video was shared by a staffer who didn't see the reference to the "unified Reich" before posting it. President Joe Biden's campaign campaign said the post was "foreshadowing a second Trump term that says he will create a 'UNIFIED REICH,' echoing Nazi Germany." In 2016, Trump shared a quote by Italian fascist dictator Benito Mussolini, an ally of Hitler, on X, then called Twitter. The Trump campaign at the time said that critics were "snowflakes grasping for anything" in response to the controversy.
Persons: , Donald Trump's, what's, Trump, Karoline Leavitt, Joe Biden, Joe Biden's, Donald Trump, James Singer, Benito Mussolini, Hitler, Biden Organizations: Service, Trump, Business, ABC News, Associated Press Locations: America, Trump's New York, Nazi Germany, Italian, American
Analysts say the US is gaining invaluable insights into the flaws of some of its most important weapons and military production systems. AdvertisementA shortage in weaponsThe Ukraine war has exposed problems not just with the quality of weapons, but with the US' capacity to produce them in the quantity Ukraine needs. "The biggest problem that the Ukraine war has exposed with American weapons is that the Pentagon simply does not buy enough munitions for a large-scale protracted conflict," said Pettyjohn. AdvertisementShe added that the recent Ukraine aid bill, which also contains billions for US weapons production, doesn't fix the problem. But though the war has posed serious conundrums for Pentagon chiefs, it's also shown that many of its weapons systems remain much better than those of its opponents.
Persons: , Scott Peterson, Pettyjohn, it's Organizations: Service, Business, Getty, Center, New, New American Security, Ukrainian, Russia, Pentagon Locations: Russian, Ukraine, Ukrainian, New American, Afghanistan, Russia, United States
Read previewChina's leader, Xi Jinping, rolled out the red carpet for his "old friend" Vladimir Putin on Thursday. For his part, Putin lavished praise on China, whose support has been vital during Russia's invasion of Ukraine. But underneath the pageantry and rhetoric, Xi is under mounting pressure over his alliance with Putin — and he has good reason to be wary of their "no limits" partnership. President Vladimir Putin and China's President Xi Jinping attend a concert marking the 75th anniversary of the establishment of diplomatic relations between Russia and China in Beijing. "Meeting with Putin now is Xi's way of showing that China will not bend to Western pressure," said Torigian.
Persons: , Xi, Vladimir Putin, Putin, Putin —, Xi Jinping, ALEXANDER RYUMIN, Zhao Tong, Graeme Thompson, Thompson, Joseph Torigian, Ali Wyne Organizations: Service, Business, Getty, BBC, Carnegie Endowment, Eurasia Group, Putin, Financial Times, School of International Service, American University, Xi, International Crisis Locations: Russian, Soviet, China, Ukraine, Russia, Beijing, Europe, Moscow, United States, Washington ,, America, Russia's, West
Read previewThe US plans to send more than $1 billion in arms and ammunition to Israel despite growing tensions between President Joe Biden and Israel's Prime Minister Benjamin Netanyahu. Getting the weapons to Israel could be a lengthy process. AdvertisementBiden later warned he would withhold additional weaponry if Israel went ahead with a widespread ground assault on the city. Seth Binder, an expert on US weapons sales with the Middle East Democracy Center, told the Journal that Biden's apparent U-turn weakens his influence over Netanyahu. Analysts say that Biden's handling of the Gaza war is among the issues corroding his support among them.
Persons: , Joe Biden, Benjamin Netanyahu, Biden, Israel, Nathan Howard, Netanyahu —, Seth Binder, Netanyahu, Sen, Chris Van Hollen, BRENDAN SMIALOWSKI, he's, Dave Harden Organizations: Service, Israel's, Officials, Street Journal, Business, CNN, White, Getty, Middle East Democracy Center, Washington Post, Pentagon, Israel, Gaza, US Agency for International Development, West Bank, BBC Locations: Israel, Gaza, Rafah, Washington , DC, Iran, Lebanon, Damascus, Syria
Russia is pushing back Ukraine's military on key parts of the front line. A US military official told CNN that US aid arrived too late to stop Russia from advancing. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe delay by the US Congress in approving a vital aid bill means Ukraine is now struggling to fight back Russian advances, a former US military official said. This story is available exclusively to Business Insider subscribers.
Persons: , Cedric Leighton, Ukraine's Organizations: CNN, Service, US Air Force, Business Locations: Russia, Ukraine, Kharkiv, Ukraine's
Read previewThe US has been outclassed by its rivals, such as Russia, in its capacity to remotely take out enemy weapons using jamming technology, according to former US military officials. He called on the US to get more creative to regain its dominance in electronic warfare. AdvertisementLast year, Ukraine's outgoing senior commander, Valery Zaluzhnyi, in an interview with The Economist, said Russia's electronic warfare capability had given it an important edge. The US is closely studying the conflict for information on how to improve its electronic warfare systems. In May, Defense News that the Pentagon is spending millions on developing new electronic warfare systems and technology to evade GPS jamming.
Persons: , Mike Nagata, Nagata, they've, Valery Zaluzhnyi, Mark Cancian, Grant Shapps Organizations: Service, US Army, Business, Russia, US, Defense News, Pentagon, Center for Strategic, International Studies, Department of Defense Locations: Russia, Ukraine, United States, Tampa , Florida, Europe
Russia is believed to be using North Korean missiles and shells in its invasion of Ukraine. North Korean shells are often defective and blow up before being fired, reports claim. South Korean intelligence said Monday it suspects the weapons may date from the 1970s. AdvertisementRussia is using North Korean artillery shells in its invasion of Ukraine that may have been made in the 1970s, South Korean media reported. South Korean intelligence, the National Intelligence Service (NIS), told news agency Yonhap that it's reviewing reports that North Korea has supplied its ally Russia with weapons made five decades ago.
Persons: Organizations: Korean, Service, National Intelligence Service, Business Locations: Russia, Ukraine, North, South, Korea, North Korea
Saudi Arabia needs foreign businesses to help it realize its Neom megacity project. The BBC reported that Saudi officials were given a license to use lethal force to clear land. But underneath the image is a far darker reality, say campaigners, which could threaten the foreign cash and expertise Saudi Arabia needs to realize its ambitions. Though his decision took place in 2022, it was given new urgency by a whistleblower giving more detail on how Saudi officials may have acted. Amnesty International said businesses ought to be wary of doing deals in Saudi Arabia and called for UK officials to push for an independent investigation into the Neom land clearances.
Persons: , Malcolm Aw, Col Rabih Alenezi, Dana Ahmed, Mohammed bin Salman, Jamal al, Neom Organizations: BBC, Saudi, Service, UN, Telegraph, Amnesty International, Amnesty, Politico, The Atlantic Council, Business Locations: Saudi Arabia, Saudi
Malcolm Aw said he pulled out of a Neom contract because of alleged Saudi human rights abuses. AdvertisementA green energy founder pulled out of a $100 million Neom contract after he realized that the Saudis were bulldozing villages to make way for the megacity. AdvertisementHowever, satellite images analyzed by the BBC showed three villages, including schools and hospitals, were destroyed to make way for Neom. Aw's company uses solar energy for desalination, while most desalination plants burn fossil fuels and have been found to pollute oceans. "You know, we have the technology to solve the [green energy] problem that people are complaining about today.
Persons: Malcolm Aw, , Neom, Mohammed bin Salman's, Aw, Col Rabih Alenezi, Abdul Rahim al, Aw Boon Haw, Fatima al, Shawarbi, there's Organizations: Solar Water, Service, Solar, Saudi, BBC News, BBC, Neom, UN, BI, Bloomberg Locations: Saudi, Saudi Arabia, Dubai, Qatar, Neom
Read previewUkraine's security service, the SBU, said on Tuesday that it had foiled the latest Russian plot to assassinate Ukraine's President Volodymyr Zelenskyy and other top officials. Among those allegedly involved in the planned assassinations were senior members of Ukraine's government protection service. Last year, the Ukrainian president said he was aware of so many plots against his life since the start of the war he'd lost count. Related storiesAccording to SBU, the men involved in the latest plot were working as part of a network of agents for the Russian FSB security service. It's alleged that the plotters had planned to kill Budanov by Orthodox Easter (May 5) and the mission was "supposed to be a gift to [Russian President Vladimir] Putin's inauguration."
Persons: , Volodymyr Zelenskyy, Mark Episkopos, he'd, SBU, Artem Dehtiarenko, Vasyl Malyuk, Kyril Budanov, It's, Budanov, Vladimir, Putin's, Maxim Mishustin, Dmytro Perlin, Aleksii Organizations: Service, Business, Eurasia Research, Quincy Institute, Responsible Locations: Eurasia, Russia, Russian
Read previewEarly on Tuesday, Israeli tanks seized control of the vital Rafah border crossing between Gaza and Egypt. But throughout its eight-month war, Israel has shown that it is willing to reject and ignore the advice of its most important international ally, the US. Israel on Monday warned civilians in eastern Rafah to evacuate, indicating that an attack may be imminent. His coalition is fragile, and he relies on the support of far-right lawmakers who are demanding an attack on Rafah. AdvertisementThe Gaza war has repeatedly threatened to spill into a wider regional conflict, and scenes of new civilian suffering in Rafah could intensify that threat.
Persons: , Joe Biden, Benjamin Netanyahu, Matt Duss, Biden, John Kirby, Netanyahu, Israel Biden, Israel, JIM WATSON, He's, Aaron David Miller, Dave Harden Organizations: Service, Hamas, Israeli, Business, Washington, Center for International, House, Monday, Biden, Getty, US, Carnegie Endowment, International Peace, Wall Street, New York Times, US Agency for International Development, West Bank, BBC Locations: Gaza, Egypt, Israel, Rafah, Ukraine, Israel —, Qatar, New York City, Palestinian, Saudi Arabia
China has developed a large network of military satellites. AdvertisementChina has developed a network of hundreds of military satellites that could be used to target US troops, a Pentagon official warned. Maj. Gen. Greg Gagnon, deputy chief of space operations for intelligence, told a conference on Thursday that China had developed a sophisticated military satellite program. He said it could be used to track and target US troops moving to defend Taiwan, Defense One reported. "For the first time in decades, US leadership in space and space technology is being challenged," Meink added.
Persons: , Greg Gagnon, Gagnon, we're, America —, Troy Meink, Space.com, Meink Organizations: Pentagon, Service, Defense, National Reconnaissance Office Locations: China, Taiwan, America, Colorado
AdvertisementFrench President Emmanuel Macron reaffirmed that he'd consider sending French troops to Ukraine and spelled out the conditions in which this could place. He added that if Russia defeated Ukraine, it would then probably seek to attack another European country. Related storiesMacron's remarks about sending French troops to defend Ukraine are among the most hawkish by a Western leader. In response to Macron's earlier remarks, the Kremlin's spokesperson, Dmitry Peskov, said deploying NATO troops to Ukraine would lead to war between Russia and the alliance. Analysts recently discussed with Business Insider the likelihood of Russia attacking NATO, with the Russian-military expert Ruth Deyermond saying Putin's regime was too weak militarily to risk a direct confrontation with NATO.
Persons: Emmanuel Macron, , Macron, Vladimir Putin, I'm, they've, Dmitry Peskov, Peskov, Ruth Deyermond Organizations: Service, NATO, Ukraine, Russia, Radio Free, Radio Liberty, Analysts, Business Locations: Ukraine, France, Russian, Europe, Russia, Radio Free Europe
His remarks about French soldiers defending Ukraine are among the most hawkish by a Western leader. AdvertisementFrance's President Emmanuel Macron reaffirmed that he would consider sending French troops to Ukraine, and spelled out the conditions in which this could place. He added that if Russia defeats Ukraine it would then likely seek to attack another European country. Related storiesMacron's remarks about sending French troops to defend Ukraine were among the most hawkish by a Western leader. The Kremlin's spokesman, Dmitry Peskov, in response to Macron's earlier remarks, said that deploying NATO troops to Ukraine would lead to war between Russia and the alliance.
Persons: Emmanuel Macron, , Macron, Vladimir Putin, I'm, Dmitry Peskov, Peskov, Ruth Deyermond Organizations: Service, NATO, Ukraine, RFE, RL, Business Locations: Ukraine, France, Russian, Europe, Russia
A new Saudi-US security deal is being negotiated, reports said. It resembles the deal that was forming before it was derailed on October 7 by the Hamas terror attacks. A deal dubbed "plan B" Israel is, for now, excluded because of its war on Gaza. AdvertisementThe US and Saudi Arabia are said to be drawing closer to a historic deal that could reshape the Middle East — by sidestepping the vexed issue of Israel's war in Gaza. This story is available exclusively to Business Insider subscribers.
Persons: , sidestepping Organizations: Service, Bloomberg, Business Locations: Saudi, Israel, Gaza, Saudi Arabia, Iran
Late last year, Poland's national security agency estimated that Russia could attack NATO within three years. AdvertisementBut whether Putin really does intend to attack NATO and what an attack might look like remains unclear. In March, Putin denied having any plans to attack NATO members, describing such claims as "complete nonsense." "So, his ambition in growing is not going to be that he will attack NATO and NATO countries next year. A covert war is already underwayRussia, some point out, is already engaged in a war with NATO, albeit covertly.
Persons: , Donald Tusk, Tusk, Putin, Emmanuel Macron, NATO Putin, Philip Ingram, Ingram, Ruth Deyermond, Bryden Spurling, Robert Dover, Spurling, that's, SERGEY BOBOK, Russia's Organizations: Service, Poland's, Business, Bild, NATO, Germany isn't, Ukraine, King's College London, RAND Corporation, University of Hull, European NATO, RAND, Ukrainian Territorial Defence Forces Locations: Europe, Russia, Ukraine, Eastern Europe, Baltic, Estonia, Lithuania, Latvia, Germany, Washington, Russian, NATO, European, Kharkiv, Soviet Union
Read previewAfter a meeting with Japanese and South Korean officials in Tokyo on Friday, US Space Force commander Gen. Stephen Whiting warned about a growing threat. China, he said, is "moving at breathtaking speed in space," and is developing a range of weapons that threaten America's space supremacy, reported Stars and Stripes. "For the first time in decades, US leadership in space and space technology is being challenged," Meink added. Chance Saltzman, Chief of Space Operations at United States Space Force, last year warned against taking US space supremacy for granted. Air Force Lieutenant General Gregory Guillot (L) and US Space Force Lieutenant General Stephen Whiting (R) on July 26, 2023.
Persons: , Stephen Whiting, They're, Troy Meink, Space.com, Meink, Chance Saltzman, I'm, Saltzman, Whiting, Dominic Chiu, Gregory Guillot, BRENDAN SMIALOWSKI, Donald Trump, Chiu, Artemis, Frank Lucas, Anthony Mastalir, Graeme Thompson, Thompson, Tory Bruno, Arthur Herman, John F, Kennedy, Ronald Reagan, we've Organizations: Service, Korean, Space Force, Business, National Reconnaissance Office, Space Operations, United States Space Force, Eurasia Group, Air Force, US Space Force, House Science, Technology Committee, Brig, US Space Forces, Pentagon, United Launch Alliance, NBC News, Hudson Institute Locations: Tokyo, China, Colorado, Australia, Russia
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Related storiesUkraine has long faced problems recruiting enough troops to renew its military, exhausted and badly depleted after more than two years of brutal war with Russia. AdvertisementAccording to reports, units on the front line are seriously overstretched, and troops have to fight for weeks in some cases before they are rotated away from the front line to recuperate. "Truthfully, and I know some of my artillery brethren would chide me for this, but artillery and long-range systems do not win war," he said. Ukraine has not been able to do that to the extent they need to with some of the terrains they've lost to Russia."
Persons: , Mark Herlting, Hertling, Valerii Zaluzhnyi, Volodymyr Zelenskyy Organizations: Service, CNN, Business, US Army Locations: Ukraine, Russia, Europe
There was a risk, he said, that US-China relations could "return to a downward spiral." As such, the US-China relationship appears to have entered a dangerous period, and time may be running out to save it. The US has handed Ukraine billions in aid and military support to resist the invasion, with a new $61 billion bill passing this week. AdvertisementBlinken said he raised concerns about China's support for Russia in its invasion of Ukraine. Blinken will have to overcome several hurdles for US-China relations to improve.
Persons: , Antony Blinken's, Xi Jinping, Wang Yi, Xi, Joe Biden, Ali Wyne, Wang, Blinken, Ian Bremmer Organizations: Service, Business, US, West, International Crisis, Russia, Eurasia Group, Bloomberg Locations: China, Ukraine, loggerheads, Taiwan, Washington, Beijing, US, Western Europe, Russia
The strikes are doing serious damage to Russia's oil and gas sector. Bloomberg reported that Russia's oil refining is at an 11 month low. AdvertisementBloomberg earlier this week reported that Russia's oil refining is at an 11-month low because of flooding and Ukraine's drone campaign. Ukraine's attacks on Russian oil depots are one of the few bright spots in its war in recent months. "Future Ukrainian drone strikes may disable and disrupt more of Russia's refining capacity and inflict critical constraints on Russian refining that begin to substantially impact Russia's production of distillate products," the analysts said.
Persons: , Joe Biden's Organizations: Bloomberg, Service, AFP, Metallurgical, The Locations: Ukraine, Russia, Russia's Smolensk, Lipetsk, Russia's, Ukraine's, US
US weapons could begin arriving in Ukraine in a matter of days, according to The New York Times. Russia is intensifying attacks on Ukraine in the window before aid arrives. There is a vital problem that US aid can't fix: a lack of Ukrainian troops. According to The New York Times, US weapons could start arriving in Ukraine within days. And it still has a major problem that aid can't fix: a lack of troops.
Persons: Organizations: The New York Times, Service, Business Locations: Ukraine, Russia
Chinese banks are helping to aid Russia's invasion of Ukraine, the US alleges. The US is considering sanctions to cut Chinese banks off from the dollar, according to The Wall Street Journal. AdvertisementThe US is drawing up sanctions that could cause some Chinese banks to lose access to the dollar, according to The Wall Street Journal. In response to previous sanctions, Russia and China intensified efforts to create exchange mechanisms that don't rely on the dollar. Alexandra Prokopenko, a fellow at the Carnegie Russia Eurasia Center think tank, told The Wall Street Journal that regional Chinese banks had emerged that had little involvement in dollar exchanges.
Persons: , Antony Blinken, Alexandra Prokopenko, Prokopenko, Maria Snegovaya Organizations: Wall Street, Service, Reuters, Financial, Carnegie Russia Eurasia Center, Center for Strategic, International Studies Locations: Ukraine, China, Russia, Italy, Russian
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