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☆ China is closing a South China Sea surveillance gap with a new radar made to spot stealth aircraft, satellite images suggest
▼ + stars: | 2024-11-02 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

Satellite images appear to show a SIAR system on Triton Island in the South China Sea. China previously built a SIAR system on Subi Reef in the Spratly Islands, further south in the South China Sea and west of the Philippines. "This is an iteration on a long-term Chinese strategy to dominate the sensor space in the South China Sea," he said. AdvertisementLast fall, the Pentagon documented growth in China's intelligence-gathering capabilities in the South China Sea, especially at the Spratlys. China's new SIAR system on Triton Island helps grow its reconnaissance and surveillance network in the South China Sea.

Persons: —, Chatham House's John Pollack, Damien Symon, Maxar, Chatham, Gregory Poling, Michael Dahm, Dahm, Aaron Haro Gonzalez Organizations: Service, Business, Chatham House, Triton, Southeast Asia Program, Asia Maritime, Center for Strategic, International Studies, Pentagon, Aerospace, China Studies, Mitchell Institute, US, Communication, US Air Force Locations: China, South China, South, Chatham, Spratly, Philippines, Hainan, Beijing, Aaron Haro Gonzalez China

Seconds after that brief communication, the Titan was “pinged” for the last time, according to the opening presentation of the two-week hearing. Days later, authorities found its wreckage on the floor of the North Atlantic Ocean, several hundred yards from the remains of the Titanic, according to the Marine Board of Investigation, which is the highest level of inquiry by the Coast Guard. Lochridge testified he was supposed to pilot the submersible and objected when Rush decided he wanted to pilot the vessel. Rush made multiple errors during the dive, Lochridge said, including ignoring issues with the current and keeping his distance from the wreck. “It just didn’t seem to me that it had been particularly well-thought-out or executed,” he said of the submersible.

Persons: –, ” Peter Girguis, “, OceanGate, Shahzada Dawood, Suleman Dawood, Hamish Harding, Paul, Henri Nargeolet, ” Chris Roman, it’s, ”, David Lochridge, ” Lochridge, Lochridge, Rush, “ That’s, ” OceanGate, ‘ Don’t, ’ ”, Alfred McLaren, McLaren, Nargeolet, ” Girguis, David Marquet, ’, “ I’m, Renata Rojas, debriefings, Rojas, ” Rojas, Andrea Doria, “ We’re, we’re, you’re, Rojas “, David Lochridge’s, Stockton, CNN Steven Ross, ” Ross, Ross, could’ve, Scott Griffith, Griffith, Patrick Lahey, Fred Hagen, ” Hagen, ” CNN’s Dakin Andone, Alaa Elassar, Cindy Von Quednow Organizations: CNN, Titan, US Coast Guard, Harvard University, Stockton Rush, Marine Board of Investigation, University of Rhode Island’s, School of Oceanography, Coast Guard, Authorities, OceanGate, Guard, National Transportation Safety, US Navy, ”, PlayStation, Rush, Triton, Harvard Locations: Washington, Newfoundland, Canada, Rush, OceanGate, Stockton, Bahamas

☆ Diving in the Titan ‘was never supposed to be safe,’ mission specialist says of the experimental submersible
▼ + stars: | 2024-09-20 | by ( Alaa Elassar | Graham Hurley | ) edition.cnn.com time to read: +6 min

CNN —Four days of hearings on the 2023 implosion of the Titan submersible which killed all five people on board concluded this week with more damning testimony recounting multiple safety incidents over the years. Lahey said he saw the Titan in March 2019 while in the Bahamas and was “not impressed,” and told OceanGate staff members how he felt about it. I saw evidence where they were crimping cables to hold on weights, it just looked amateurish in its execution,” he said. “Anyone that felt safe going to depths in the Titan was deluded or delusional, it was an experimental vessel, it was clear that it was dangerous,” said Hagen. David Lochridge, a former director of marine operations for OceanGate who expressed safety concerns about the ill-fated Titan submersible, said during his testimony earlier this week the Titan tragedy could have been prevented if US safety authorities had investigated his complaints.

Persons: Patrick Lahey, Lahey, “, ”, OceanGate, ” OceanGate, Rush, ” Fred Hagan, Corey Connor, ” Lahey, Fred Hagen, Hagen, Antonella Wilby, Wilby, that’s, ” Steven Ross, Ross, OceanGate . Rush, David Lochridge, ” Lochridge Organizations: CNN, Titan, Triton, Triton Submarines, Stockton Rush, imploding, Marine Technology Society, MTS, OSHA Locations: Bahamas, North Charleston , South Carolina

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

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

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

☆ A year after the Titan tragedy, a sub is planning to go back to the Titanic to make a point
▼ + stars: | 2024-06-18 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

With OceanGate closed for business, the market for Titanic sub tourism appeared to slam shut. One leading sub operator, eager to demonstrate that the Titan sub failed to live up to the industry standards that can make trips to the ocean floor relatively safe, is already planning its own journey to the wreckage of the Titanic, where Titan was headed before it collapsed. But in its pursuit of “increasing access to the deep ocean through innovation,” OceanGate frequently skirted regulations and pushed back against industry standards. 2) OceanGate’s sub designs were so experimental, no other commercial sub operation would ever replicate them. “The deep ocean is no place for compromise,” Triton said in its statement.

Persons: ”, Larry Connor, ” Connor, Stockton Rush, ” Rush, David Pogue, “, don’t, Don’t, OceanGate, Ray Dalio, James Cameron, —, ” Triton, Lukas Furtenbach, Philippe Brown, Brown, ” Brown Organizations: New, New York CNN, Titanic, Triton, Wall Street, WSJ, CNN, Stockton, “, Triton Submarines, American Bureau of Shipping, Furtenbach Locations: New York, Austria, Hudson

☆ Meet Billionaire Larry Connor Who Plans to Take Submersible to Titanic
▼ + stars: | 2024-06-08 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +1 min

Billionaire Larry Connor will travel to the Titanic shipwreck site in a two-person submersible. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAn Ohio billionaire who's flown to space and explored the Mariana Trench has set his sights on a new adventure: the Titanic shipwreck. Real estate investor Larry Connor, 74, will take the ocean voyage with Patrick Lahey, cofounder and CEO of Triton Submarines. This story is available exclusively to Business Insider subscribers.

Persons: Larry Connor, Connor, —, who's, Mariana Trench, Patrick Lahey Organizations: Service, Triton Submarines, Business Locations: Ohio

☆ Lots of changes will make for a dynamic environment in private equity: Triton Partners
▼ + stars: | 2024-06-05 | 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 EmailLots of changes will make for a dynamic environment in private equity: Triton PartnersPeder Prahl, CEO of Triton Partners, discusses the outlook for private equity.

Persons: Triton Partners Peder Prahl Organizations: Triton Partners

☆ Billionaire Plans Dive to the Titanic in a Newly Designed Submersible
▼ + stars: | 2024-05-28 | by ( Emily Schmall | Orlando Mayorquín | ) www.nytimes.com time to read: 1 min

A real estate billionaire in Ohio is planning an underwater voyage to the site of the Titanic shipwreck, where a submersible imploded on its approach to the sea floor a year ago, killing all five passengers on board. Shortly after the OceanGate disaster, Larry Connor, 74, a real estate investor and amateur adventurer, contacted the co-founder of Triton Submarines, Patrick Lahey, imploring him to build a submarine that could reach the depths of the Titanic safely and repeatedly, according to The Wall Street Journal. The two men aim to explore and conduct scientific research at the site, located off the coast of Newfoundland, 12,500 feet under the sea, in a two-person submersible that Triton is designing in the summer of 2026. “Ours is just not a trip to the Titanic,” Mr. Connor said in an interview on Tuesday. “It’s a research mission.”

Persons: Larry Connor, Patrick Lahey, Mr, Connor, “, ” Organizations: Triton Submarines, Titanic, Wall Street Locations: Ohio, Newfoundland

☆ Things are about to get a lot tougher for Jensen Huang's Nvidia
▼ + stars: | 2024-05-22 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

The 61-year-old Silicon Valley veteran running Nvidia has overseen a $2 trillion surge in its value since the start of last year. Justin Sullivan/Getty ImagesThe hype behind Nvidia's chips is no joke. But competitors have been busy developing AI chips of their own to reduce reliance on Nvidia's increasingly expensive offerings. AMD CEO Lisa Su, who's Huang's cousin, is aiming to pry Nvidia customers away with a chip named the MI300X that costs between $10,000 and $15,000. If they succeed in using Triton, they could be one step closer to a future in which alternatives to Nvidia's chips are easier to use.

Persons: —, Jensen Huang, Sam Altman, Mark Zuckerberg, Matt Bryson, Huang, isn't, Justin Sullivan, Taylor Swift, Nvidia's, Blackwell, Zuckerberg, Lisa Su, who's, Jensen, AMD, CUDA, OpenAI Organizations: Service, Silicon, Nvidia, Microsoft, Apple, Business, GTC, AMD, Google, Meta, Financial Times Locations: San Jose , California, Woodstock

☆ Top Wall Street analysts like these 3 dividend stocks for high yields
▼ + stars: | 2024-05-19 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Bearing that in mind, here are three attractive dividend stocks, according to Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance. On May 1, the company announced its first-quarter results and declared a quarterly dividend of 48 cents per share, payable on June 28. Following the results, RBC Capital analyst Kenneth Lee reaffirmed a buy rating on ARCC stock with a price target of $22. The company recently announced its first-quarter results and declared a quarterly distribution of $0.405 per unit. Overall, based on the annualized dividend amount of $3.08 per share, the stock's dividend yield stands at 5.6%.

Persons: Wall, Capital, Kenneth Lee, Lee, TipRanks, Devin Dodge, Dodge, Income's, Brad Heffern, Heffern Organizations: New York Stock Exchange, Federal Reserve, Ares, RBC Capital, Ares Credit, Brookfield Infrastructure Partners, Brookfield Infrastructure, BMO Capital, Triton, Dodge, Brookfield Locations: New York City, Asia, Pacific, North America, Europe, U.S, TipRanks

☆ Developing Taiwan’s own ‘Starlink’ crucial for island-wide emergency, space agency says
▼ + stars: | 2024-05-04 | by ( Eric Cheung | ) edition.cnn.com time to read: +9 min

“The communication satellite is very important for our communication resilience during urgent periods,” Wu said, calling it his agency’s most sensitive project. Taiwanese authorities previously announced the space agency would develop two communication satellites, the first of which could be launched by 2026. Wu Jong-shinn, director general of the Taiwan Space Agency, speaks to CNN on March 5, 2024 in Hsinchu, Taiwan. In the future, Taiwan’s satellite system could replace third-party deals, but Wu, the space agency director, declined to provide more specific details about the project’s timeline. A rocket model in development at the Taiwan Space Agency on March 5, 2024 in Hsinchu, Taiwan.

Persons: Taiwan CNN —, Wu Jong, shinn, Elon, Wu, ” Wu, ” Starlink, Heidi Levine, John Mees, CNN Brad Tucker, you’re, ”, Su, yun, OneWeb, Sam Yeh, Lai Ching, Tsai Ing, Taiwan’s, “, CNN’s Will Ripley Organizations: Taiwan CNN, Taiwan Space Agency, CNN, Musk’s SpaceX, SpaceX, Ukrainian, The Washington Post, Communist Party, Institute for National Defense and Security Research, Australian National University, Taiwan’s Institute for National Defense and Security Research, Getty, Taiwan Semiconductor Manufacturing Company, Apple, Nvidia, Triton Locations: Hsinchu, Taiwan, China, Gaza, Beijing, London, Xiamen, Taiwan's, AFP, Guiana, South America

☆ For Sale: One Huge Drawing, Maybe by Michelangelo
▼ + stars: | 2024-04-04 | by ( Elisabetta Povoledo | ) www.nytimes.com time to read: +1 min

For half a century, the Sernesi family lived in a storied villa overlooking Florence, in which the Renaissance artist Michelangelo was raised and later owned. The property came with several buildings, an orchard and a drawing of a muscular male nude etched on the wall of a former kitchen. Tradition has it that the work was drawn by a young Michelangelo, though scholars are not as sure. Last year, the Sernesi family sold the villa. Now they want to sell the mural drawing, which was detached from its original location in 1979 so that it could undergo a much-needed restoration.

Persons: Michelangelo, Carmen C Organizations: Metropolitan Locations: Florence, Japan, Canada, China, United States

☆ Three new moons discovered orbiting Uranus and Neptune
▼ + stars: | 2024-02-28 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

CNN —Astronomers have discovered three previously unknown moons around Uranus and Neptune, the most distant planets in our solar system. In the future, the tiny satellite will be named after a Shakespearean character, in keeping with the tradition of Uranus’ moons bearing literary names. He worked with Marina Brozovic and Bob Jacobson of NASA’s Jet Propulsion Laboratory in Pasadena, California, to determine the moon’s orbit. The outer moons orbiting all the giant planets across our solar system — Jupiter, Saturn, Uranus and Neptune — share similar configurations. “Even Uranus, which is tipped on its side, has a similar moon population to the other giant planets orbiting our Sun,” Sheppard said.

Persons: ”, Scott S, Sheppard, Marina Brozovic, Bob Jacobson, Scott Sheppard, David Tholen, Chad Trujillo, Patryk Sofia Lykawka, ” Sheppard, Neptune Organizations: CNN —, Carnegie Institution for Science, Planet, NASA’s Jet Propulsion Laboratory, Carnegie Science, Subaru, University of Hawaii, Northern Arizona University, Kindai University Locations: Chile, Pasadena , California, Kea, Japan, Neptune

☆ Saturn’s ‘Death Star’ moon is hiding an internal ocean, scientists say
▼ + stars: | 2024-02-07 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

CNN —Astronomers have uncovered additional evidence that one of Saturn’s smallest moons, Mimas, is hiding a global ocean beneath its icy surface. Discovered in 1789 by English astronomer William Herschel as a tiny dot near Saturn, Mimas was first imaged from space by the Voyager probes in 1980. Craters cover the surface of Mimas, but the largest one is 80 miles (about 130 kilometers) across and causes the moon to resemble the Death Star from the “Star Wars” films. But Saturn’s Enceladus appears younger because active geysers have contributed to resurfacing, or depositing of new, fresh material on that moon’s surface. “Mimas certainly demonstrates that moons with old surfaces can be hiding young oceans, which is pretty exciting,” Rhoden said.

Persons: Mimas, Cassini, William Herschel, Observatoire, Dr, Valéry Lainey, Lainey, ”, Nick Cooper, Saturn, ” Lainey, “, Triton, Frédéric, ” Cooper, “ Lainey, Matija Ćuk, Alyssa Rose Rhoden, Rhoden Organizations: CNN —, Saturn, Voyager, “, Physical, Chemical Sciences, Queen Mary University of London, NASA, Clipper, SETI Institute, Southwest Research Locations: Paris, California, Colorado

☆ UBS likes these income plays as Treasury yields come down from recent highs
▼ + stars: | 2023-11-16 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Treasury yields have retreated, and that's good news for one kind of income asset – preferred securities, according to UBS. US10Y YTD line U.S. 10-year Treasury yield in 2023 This month has offered some relief as the 10-year Treasury yield slipped back below 4.5%. "Indeed, a dramatic rate pullback in the early days of November has already sparked a sharp rebound in preferreds," Sileo said. "Callable in July 2028, this fixed-for-life perpetual pays a high 7.375% fixed coupon and offers an attractive [yield to call/current yield]." Investors can receive an attractive yield on a high-quality crossover credit, recently upgraded by S & P following the acquisition by Brookfield [Infrastructure]."

Persons: preferreds, Frank Sileo, US10Y, Sileo, Callable, Michael Bloom Organizations: UBS, Americas, Treasury, Moody's Investors Service, Allstate, Triton International, Triton, Brookfield Locations: preferreds, Infrastructure

☆ The Stealthy Sailboat-Submarine Drone the U.S. Navy Is Using Near Iran
▼ + stars: | 2023-11-14 | by ( ) www.wsj.com time to read: 1 min

The Stealthy Sailboat-Submarine Drone the U.S. Navy Is Using Near IranAs the U.S. races to counter adversaries like Iran and China with drones, Ocean Aero is ramping up production of the Triton, an autonomous sailboat-turned-submarine that can carry weapons and other payloads. WSJ’s Shelby Holliday got a closer look. Photo illustration: Jamie Leventhal

Persons: Shelby Holliday, Jamie Leventhal Organizations: U.S . Navy, Triton Locations: Iran, U.S, China

☆ Norway's Statkraft may return to British offshore wind
▼ + stars: | 2023-11-10 | by ( Nora Buli | ) www.reuters.com time to read: +2 min

REUTERS/Phil Noble/File Photo Acquire Licensing RightsCompanies Statkraft AS FollowOSLO, Nov 10 (Reuters) - Norway's state-owned Statkraft could return to the British offshore wind market, but its key focus remains Ireland, Norway and Sweden, its CEO told Reuters on Friday. He expected future rounds were being re-calibrated after Britain's most recent renewable energy auction failed to attract new offshore wind projects as subsidies were deemed too low and not reflecting rising costs in the industry. Statkraft is also already one of Britain's biggest onshore renewables developers, has a large office in London and knows the market well from previous offshore wind projects, he said. Still, the company's main focus for offshore wind is Ireland, where it is developing 2.2 gigawatts (GW) together with partner Copenhagen Infrastructure Partners. It also plans to participate in Norway's first offshore wind auctions and in October bought Swedish Njordr Offshore Wind, which has an early-stage development pipeline of 21 GW.

Persons: Phil Noble, Toennesen, Statkraft, Nora Buli, Alexander Smith Organizations: Burbo, REUTERS, OSLO, Reuters, Dogger Bank, Triton, Copenhagen Infrastructure Partners, Thomson Locations: Mersey, Liverpool, Britain, Ireland, Norway, Sweden, London, Dudgeon, Sheringham, England

☆ Explainer: Why is Siemens Energy seeking $16 billion state guarantees?
▼ + stars: | 2023-10-29 | by ( ) www.reuters.com time to read: +5 min

The logo of energy technology company Siemens Energy is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. To make sure it can get the guarantees to fulfil its order backlog, Siemens Energy has turned to the government. Siemens owns a 25.1% stake in Siemens Energy and has not ruled out helping. Siemens still provides around 7 billion euros of performance guarantees to projects Siemens Energy is working on, significantly down from the 40 billion euros at the time of the spin-off around three years ago. Apart from seeking guarantees from the government, banks and Siemens, Siemens Energy said it is "evaluating various measures to strengthen the balance sheet", without elaborating further.

Persons: Chris Helgren, Banks, Roland Busch, hade, Andreas Rinke, Christoph Steitz, Victoria Farr, Andres Gonzalez, Pablo Mayo, Alexander Huebner, Tom Kaeckenhoff, Josephine Mason, Susan Fenton Organizations: Siemens Energy, REUTERS, Siemens, International Chamber of Commerce, German Economy Ministry, SIEMENS, Triton, Pablo Mayo Cerqueiro, Thomson Locations: Vancouver , British Columbia, Canada, downpayments, Berlin, Frankfurt, London, Munich

☆ Office vacancies have soared to a 20-year high, showing just how tough it is to get workers to return
▼ + stars: | 2023-10-10 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Office vacancies in London and the US have hit a 20-year high, data shows. Many want workers in the office more regularly after the disruption caused by the pandemic. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Data shows that office vacancies soared to a 20-year high in the US and London in the third quarter of the year. It suggests a clear drop in interest in office space at a tricky time for the commercial property sector.

Persons: —, Goldman Sachs, David Solomon Organizations: Service, Financial Times, Meta Locations: London, New York, San Francisco

☆ German defense contractor postpones IPO on eve of debut
▼ + stars: | 2023-10-05 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

German defense contractor Renk on late Wednesday announced it would indefinitely postpone its initial public offering on the Frankfurt Stock Exchange scheduled for the following morning. "In the past days, the market environment has clouded noticeably," the company said in a statement, providing no further details. Shares were set to be offered in a price range between 15 euros ($15.77) and 18 euros, with a total placement volume between 405 million and 486 million euros. It reported an increase in audited gross profit from 124.5 million euros to 164.8 million euros in the fiscal year ending on Dec. 31 2022. European bourses had a mixed first half of the year, with funds raised through listings on the Paris Stock Exchange plunging 92%, while the London Stock Exchange held steady.

Persons: Renk, Susanne Wiegand, bourses, Susannah Streeter, Hargreaves Lansdown Organizations: Frankfurt Stock Exchange, CNBC, Triton, Reuters, Paris Stock Exchange, London Stock Exchange, Schott Pharma, Hargreaves Locations: Augsburg, Germany, Ukraine, Frankfurt

☆ Move over jet skis: The new onboard gadget the ultra-rich seek for their superyachts are submersibles.
▼ + stars: | 2023-10-01 | by ( Lloyd Lee | Hannah Getahun | ) www.businessinsider.com time to read: +4 min

Now, the world's .01% are seeking submersible vessels to accessorize their latest superyacht purchase, The Washington Post reports. "Yacht owners are, by and large, people who have an interest in the ocean," Patrick Lahey, founder of Triton Submersibles, previously told Insider. The disaster may have sparked more interest in extreme adventures from the wealthy, Phillippe Brown, founder of Brown and Hudson travel company, previously told Insider. Valery Hache/AFP via Getty ImagesAt Triton Submersibles, a vessel can cost between $2.5 million and $7 million, Insider reported. AdvertisementAdvertisement"Even after a thousand dives, it never stops being exciting," Charles Kohnen, co-founder of SEAmagine, told the Times.

Persons: —, Ofer Ketter, Jeff Bezos, Patrick Lahey, Triton Submersibles, Phillippe Brown, Brown, Valery Hache, Ian Sheard, Charles Kohnen, SEAmagine Organizations: Service, Washington Post, New York Times, Amazon, International Monaco, Getty, Times Locations: Hudson, AFP, Aurora

☆ Meta is spending $181 million to end a lease on an office it never moved into, report says — as Big Tech continues to reassess the role of in-person work
▼ + stars: | 2023-09-27 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Meta had 18 years remaining on the lease for an eight-storey office in London, the FT reports. AdvertisementAdvertisementMeta has paid $181 million to end its lease on an office in London that it never moved into, the Financial Times reported. And last December, Meta moved out of two of its New York offices. AdvertisementAdvertisementAfter office workers generally worked from home during COVID-19, many bigger companies have now mandated returns to office. AdvertisementAdvertisement"Working from home during the various Covid lockdowns tore up the rulebook for office workers, allowing a level of freedom as to where (and when ?)

Persons: Meta, —, Matthew Saperia, Peel Hunt, Mark Zuckerberg's, Adam Mosseri, Paul Jayson, DLA Piper, lockdowns Organizations: Big Tech, Service, Financial Times, Peel, Triton, Meta, Estate Locations: London, New York, King's, COVID

☆ Australia boosts maritime surveillance with drones, aircraft upgrades
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +2 min

A U.S. Navy P-8 Poseidon aircraft takes off from Perth International Airport, April 16, 2014. REUTERS/Greg Wood/Pool/File Photo Acquire Licensing RightsSYDNEY, Sept 19 (Reuters) - Australia will spend A$1.5 billion ($966 million) to boost maritime surveillance of its northern approaches, buying more long range drone aircraft and upgrading Poseidon maritime patrol aircraft. The fleet of 14 Boeing (BA.N) P-8A Poseidon Maritime Patrol aircraft will have anti-submarine warfare, maritime strike and intelligence collection capabilities upgraded, Minister for Defence Industry Pat Conroy said in a statement on Tuesday. The Triton will provide long-range surveillance of Australia's maritime region, the statement said. Conroy said the Poseidon aircraft upgrades will strengthen the protection of Australian "maritime interests".

Persons: Greg Wood, Defence Industry Pat Conroy, , Conroy, Kirsty Needham, Lincoln Organizations: U.S . Navy, Perth International Airport, REUTERS, Rights, Boeing, Poseidon Maritime Patrol, Defence Industry, Northrop Grumman, Triton, United States Navy, Defence, U.S, Australian Poseidon, United Nations Security, Thomson Locations: Australia, Australia's Northern Territory, Asia, South Australia, United States, Pacific, China, Australian, South China, North Korea

☆ Faced With Evolving Threats, U.S. Navy Struggles to Change
▼ + stars: | 2023-09-04 | by ( Eric Lipton | More About Eric Lipton | ) www.nytimes.com time to read: +1 min

One, the T-38 Devil Ray, which can reach speeds of up to 90 miles per hour — faster than just about any other vessel in the Navy — was awaiting its next assignment. Alongside it was the Ocean Aero Triton, whose solar-power system allows it to operate for three months at a time without any need to refuel. He said he found enormous enthusiasm for the idea among frontline commanders in the Pacific and the Middle East. “We are trying to improve Navy power, but we need to do more than that: We need to reimagine Navy power,” he said in an interview this summer, just after retiring from the Navy. It is vital that we throw off old conventions.”

Persons: Ray, Navy —, Devil Ray, Admiral Selby, ” Organizations: Navy, Triton, Naval Research Locations: Asia, Persian, Bahrain, San Diego, Pacific

☆ Taiwan flags space ambition with domestically developed weather satellite
▼ + stars: | 2023-07-14 | by ( Ann Wang | ) www.reuters.com time to read: +2 min

[1/4] Taiwan's President Tsai Ing-wen makes a speech at the shipment ceremony of Triton, Taiwan's first locally built weather satellite in Hsinchu, Taiwan July 14, 2023. REUTERS/Ann WangHSINCHU, Taiwan, July 14 (Reuters) - Taiwan's first domestically developed weather satellite shows its determination to develop its space industry, President Tsai Ing-wen said on Friday, lauding the programme as a step to take the island to the stars. "The Wind-Hunter Satellite is born-and-bred made in Taiwan," she said at Taiwan Space Agency in the northern city of Hsinchu, home to Taiwan's world-beating semiconductor industry, referring to it by its Chinese-language name. "The Wind-Hunter Satellite proves that with the advantages of Taiwan's semiconductor and precision manufacturing, it is absolutely capable of entering the global space industry," Tsai said, adding that the satellite showed Taiwan's determination to develop a space industry and participate in the space age. Triton will be launched into a circular low-earth orbit at an altitude of about 550-650 km (340-400 miles), according to the Taiwan Space Agency.

Persons: Tsai Ing, Triton, Ann Wang, Tsai, Vega, Elon, Safran, Ben Blanchard, Robert Birsel Organizations: REUTERS, Taiwan Space Agency, Hunter, SpaceX, Airbus, Thomson Locations: Hsinchu, Taiwan, Ann, Ann Wang HSINCHU, China, Guiana

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