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☆ London office market in 'rental recession' as vacancies hit 30-yr high - Jefferies
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

LONDON, Sept 27 (Reuters) - London's embattled office market is in 'rental recession' as volumes of empty space across the capital's West End, City and Canary Wharf business districts hit a 30-year high, analysts at Jefferies said on Wednesday. Utilisation has shrunk and landlords are losing pricing power as tenants offload surplus space," the analysts said. Jefferies estimated West End vacancies of 7%, with rates in the City and Canary Wharf at 10% and more than 20% respectively, with the tipping point for a rental recession historically around 8%. Long-term Canary Wharf resident HSBC (HSBA.L) recently announced it would be relocating to the City but is expected to lease 30% less space at its new home, according to the note. "Investment market liquidity is receding on rent uncertainty and squeezing developer profits," the note said.

Persons: Jefferies, Derwent, Segro, Morgan Stanley, Sinead Cruise, Iain Withers Organizations: Securities, Portland Estates, Royal, Barclays, JPMorgan, HSBC, Investment, Thomson Locations: City, Canary Wharf, London, Canary, Wharf

☆ Ukraine would be doing worse against Russia if it fought like Americans do, US veteran in Ukraine says
▼ + stars: | 2023-09-26 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Ukrainian soldiers would "have a bad time" if they used American fighting doctrine against Russia. He said that NATO training for Ukraine's troops includes discipline, which is unnecessary given the stakes. Jackie also pushed back against the idea that Ukraine should rigidly follow NATO standard training, and even argued that such a thing doesn't really exist. "I keep hearing 'NATO standard' getting thrown around, and 'NATO standard training' or 'NATO standard doctrine'," he said, adding: "The Polish infantry does not fight the same way as the American infantry." To those training Ukrainians, he said, simply: "Don't get worked up about the procedures and the organizational stuff and ribbons and medals."

Persons: —, Jackie, I'd Organizations: Russia, NATO, Service, US Army, US, Army Ranger Locations: Ukraine, Ukrainian, Afghanistan, Iraq, Western, Europe, NATO

☆ Ukraine was right to abandon Western tactics and instead attack Russian defenses in small teams, analysts say
▼ + stars: | 2023-09-26 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

A leading think tank called on Ukraine's Western allies to show greater faith in its military decisions. "The Ukrainian forces have done what successful militaries do — they have adapted and are now advancing. AdvertisementAdvertisementHer argument echoes that of a US veteran on the ground, who spoke to Insider's Sinéad Baker between training Ukrainian forces. The New York Times reported at the time that they involved attacking Russian positions in large groups using complicated maneuvers. But other analysts were more skeptical that Ukraine's counteroffensive could yield a decisive result this year.

Persons: —, Nataliya Bugayova, Insider's Sinéad Baker, Jackie, Bugayova, Emil Kastehelmi Organizations: NATO, Service, Ukrainian, New York Times Locations: Ukraine, NATO, Russian, Finnish

[1/3] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 20, 2023. The 30-year bond was last up 11.8 basis points to yield 4.6397%, from 4.522%. The 2-year note was last was down 0.9 basis points to yield 5.1141%, from 5.123%. In currencies, the dollar index rose 0.455%, with the euro down 0.69% to $1.0578.Sterling was last trading at $1.22, down 0.31% on the day. In energy markets, oil prices edged lower in choppy trade on Monday as Russia relaxed its fuel ban, after earlier gains on a tighter supply outlook, while investors eyed elevated interest rates that could curb demand.

Persons: Brendan McDermid, Powell, Austan Goolsbee, Mona Mahajan, Edward Jones, Mahajan, Sterling, Kazuo Ueda, Brent, Sinéad Carew, Amanda Cooper, Stella Qiu, Himani Sarkar, Jacqueline Wong, Miral Fahmy, Mark Heinrich, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, U.S . Federal Reserve, Chicago Fed, Dow Jones, Nasdaq, Bank of Japan, Thomson Locations: New York City, U.S, Russia, New York, London

Banks have been investing in so-called RegTech to cut the costs of complying with such rules through automation. Now the group of five banks, working with RegTech specialist Droit, is looking to streamline efforts and further lower costs. Spokespeople for Barclays and HSBC said the banks are participating in the consortium, but declined further comment. Endoxa members hope other banks will join over time, further harmonising how reporting rules are applied, Chisholm said. Reporting by Sinead Cruise, additional reporting by Elizabeth Howcroft, editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

Persons: Goldman Sachs, Andrew Kelly, Banks, Pete Chisholm, Chisholm, Kara Lemont, Brock Arnason, Mayra Rodriguez Valladares, Sinead Cruise, Elizabeth Howcroft, Alexander Smith Organizations: New York Stock Exchange, REUTERS, HSBC, Barclays, BNP, Reuters, Regulators, Global, Financial, MRV, Thomson Locations: New York City , New York, U.S

☆ Ukraine says it launched its missile strike on the headquarters of Russia's Black Sea fleet to coincide with a meeting of Russian naval officers
▼ + stars: | 2023-09-25 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Ukraine said it timed its strike on Russia's Black Sea Fleet to a meeting of the fleet's leadership. Budanov said one of the injured was Colonel General Alexander Romanchuk, the general in charge of Russian forces in Zaporizhzhia. However, he refused to confirm the rumored death of Admiral Viktor Sokolov, commander of Russia's Black Sea Fleet. This suggests that it wasn't just a strike on the Black Sea Fleet HQ, but timed to target key senior leaders during a meeting." AdvertisementAdvertisementThe attack on the Black Sea Fleet headquarters is the latest in a series of attacks on Crimea and Russia's naval presence there.

Persons: Kyrylo Budanov, Budanov, General Alexander Romanchuk, Viktor Sokolov, Sokolov, Rob Lee, Ukraine's Organizations: Fleet, Special Operations Forces, Service, General Staff of, Armed Forces, America, Foreign Policy Research Institute, Black Locations: Ukraine, Crimea, Wall, Silicon, Ukrainian, Sevastopol, Russia, Crimean, Zaporizhzhia

☆ Ukrainian soldier says Russia is leaving booby traps on the bodies of its own soldiers in the hope they will kill advancing Ukrainians
▼ + stars: | 2023-09-25 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Ukraine is finding Russian soldiers' bodies turned into booby traps, a Ukrainian soldier told the BBC. Russia is also stacking mines on top of each other and using tripwires, the BBC reported. Ukraine said last year that Russia had also left explosives in car trunks, in washing machines, and under dead bodies. Russia has laid so many mines, he said, that even if the war stopped tomorrow it would take hundreds of years to get rid of the mines Russia has already laid. AdvertisementAdvertisementSome Ukrainian soldiers said they risk their lives by taking mines apart by hand, while others are getting out of their tanks and progressing on foot because the minefields are so dense.

Persons: sapper, Denys, Ukraine's, Ihor, Yaroslav Galas Organizations: BBC, Service, Russian, Transcarpathian Brigade Locations: Ukraine, Ukrainian, Russia, Wall, Silicon, Russian, Poland

☆ Real estate stocks extend losses as rates soar
▼ + stars: | 2023-09-22 | by ( Sinéad Carew | ) www.reuters.com time to read: +3 min

The S&P 500 real estate index (.SPLRCR) lost 0.7% on Friday after falling 3.5% on Thursday, which was its biggest daily decline since March when the banking sector was in crisis. This provided tempting returns for fixed-income assets, making the relatively high dividend payouts of Real Estate Investment Trusts (REITs) a little less tempting. While the Fed decided not to hike interest rates after its meeting on Wednesday, it indicated that rates could stay at elevated levels for longer than investors had expected. On Friday the biggest real estate loser was American Tower (AMT.N), which finished down 1.8% while the biggest gainer was Extra Space Storage (EXR.N), up 1.2%. Alexandria Real Estate Equities (ARE.N) fell 1.6% on Friday, after losing 8% on Thursday and hitting its lowest level since 2016.

Persons: Carlo Allegri, REITs, Jack Ablin, Gina Szymanksi, It's, Szymanksi, Sinéad Carew, Lance Tupper, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Treasury, Real, Investment, Fed, Cresset, REITs, AEW Capital Management, Alexandria Real, Thomson Locations: New York, U.S, Alexandria

☆ Russian officers beat up their soldiers for drinking, despite drinking themselves, per intercepted audio from Ukraine
▼ + stars: | 2023-09-22 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Russian commanders beat soldiers they find drinking, a Russian solider complained in intercepted audio. That's despite the commanders drinking themselves, the soldier said. "And if they notice a soldier with that smell [of alcohol], they beat him with a stick — can you imagine?" A Russian soldier was also arrested last year, accused of beating a captain to death while "in a state of intoxication," a Russian military court said. AdvertisementAdvertisementMany Russian soldiers use unencrypted communications, making it easier for their enemies to listen in.

Organizations: Service, Russian, UK Ministry of Defence Locations: Russian, Wall, Silicon, Ukraine, Russia

☆ Ukraine breached Russia's fearsome defenses with vehicles for the first time, analysts say — a major milestone in its fightback
▼ + stars: | 2023-09-21 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +3 min

Troops appear to have used armored vehicles to get past trenches and "dragon's teeth" defenses. They were reacting to a video showing Marder and Stryker infantry fighting vehicles pushing towards Russian lines. Crucially, he said it showed the vehicles behind Russia's fearsome layers of defenses meant to keep heavy vehicles out. Stryker armored fighting vehicles are versatile eight-wheeled weapons that were sent to Ukraine by the US in January. Marder infantry fighting vehicles, which resemble light tanks and can carry up to six people, were sent to Ukraine by Germany several months later.

Persons: Marder, George Barros, k4mFWGUMAk, K0995dHYQc — George Barros, Barros, Rob Lee, Stryker, Insider's Jake Epstein, Insider's Sinead Baker Organizations: Service, Stryker, Air Assault Brigade, Politico, Russian Locations: Ukraine, Russia's, Wall, Silicon, @georgewbarros, Verbove, Russia, Germany, Robotyne

☆ Everything you need to know about London Fashion Week Spring-Summer 2024
▼ + stars: | 2023-09-20 | by ( Leah Dolan | Nicole Mowbray | ) edition.cnn.com time to read: +12 min

London CNN —London Fashion Week kicked off on Friday in the glow of a sweltering UK heatwave, and concluded on Tuesday after biblical showers and thunderstorms. More famous faces piled into the London fashion scene over the course of the week. Dave Benett/Courtesy BurberryHowever, some controversial collections and marketing choices brought London Fashion Week outside of the industry bubble and into the wider cultural conversation. Henry Nicholls/AFP/Getty ImagesErdem's collection was partly inspired by the protected stately home, Chatsworth House, in the North of England. Henry Nicholls/AFP/Getty ImagesAshish returned to the London Fashion Week runway after 4 years with a show that was suitably high-octane and glamorous.

Persons: JW Anderson, Erdem, Simone Rocha, Findikoglu, Halpern, Nensi, S.S, Daley, Anna Wintour, Sienna Miller, Jodie Turner, Smith, Princess Eugenie, Kate Winslet, Cole Sprouse, Suki Waterhouse, Charli, Ncuti Gatwa, Alexa Chung, Mo Farah, “, Damon Albarn, Rachel Weiss, Jodie Comer, Kylie Minogue, Burna Boy, Barry Keoghan, Dave Benett, Burberry —, Daniel Lee, —, Mowalola, HARRI, Sam Smith, JW, Kwok, Joe Maher, Crocs, Sinéad O’Dwyer, Molly Goddard, Victor Virgile, Gareth Cattermole, David, David Cronenberg, David Lynch, 16Arlington, Isamaya Ffrench, Jeff Spicer, Richard Quinn, ”, Goddard, Matty Bovan —, Bovan, ” Richard Quinn, Matty Bovan, tulle, Susan Fang, David Koma, David Lee’s Burberry, Giovanni Giannoni, Di Petsa, beading, Susan Fang's, Henry Nicholls, Chet Lo's, Wiktor, Chet Lo, Shane Anthony Sinclair, Stuart Wilson, TOVE, Daniel Lee's, Shutterstock Burberry, Ashish, Poppy Delevingne, Anderson, KNWLS — Organizations: London CNN, London, Burberry, Vogue, JW, Highbury, Fashion, Brit, BFC, Getty, National Theatre, National, Publishing, London's Barbican Center, British Locations: couture, London, North London, Saudi, Hong, Kong, Erdem, AFP, Englishness, Chatsworth House, North, England, Noor

☆ Russia's army is impossible to outflank so you have to go 'straight up the middle,' a US veteran training Ukrainian forces says
▼ + stars: | 2023-09-20 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Russian forces in Ukraine can't be outflanked, a US veteran training Ukrainian troops said. He told Insider that Ukraine has no choice but to take the risky move of going "straight up the middle." "You are going to have to go straight up the middle and you're just going to have to pick where the middle is." In fact, he said the only advantage that anyone fighting Russian forces has is that "they don't know the exact second that you're coming." Get it wrong and "all you end up doing is pocketing your own forces for Russia to completely, completely destroy," he said.

Persons: Jackie Organizations: Service, Ukrainian Locations: Ukraine, Russia, Wall, Silicon, Afghanistan, Iraq, Kupiansk, Bakhmut

The Viking Star cruise ship is moored at Greenwich with the City of London financial district in the distance, in London, Britain, August 29, 2023. It is absolutely the time for action over words," Alasdair Haynes, CEO of Aquis Exchange, a share trading platform, and chair of financial industry body TheCityUK's Business Council, told Reuters. The main problem for trade bodies is the vast scope of Britain's financial services industry, with each sub-sector and TheCityUK presenting their own reform priorities and ideas, often overlapping. In the meantime, top financial sector executives running global teams of bankers and traders are increasingly bewildered by Britain's inability to make faster progress on a matter of such economic significance. ELECTION LOOMINGSome senior financial industry sources say politics may hamper the City's reform agenda even further, with a general election expected next year.

Persons: Kevin Coombs, Alasdair Haynes, Jeremy Hunt, Nicholas Lyons, TheCityUK, ” Samuel Gregg, Richard Gardner, Huw Jones, Sinead Cruise, Hugh Lawson Organizations: Viking, City, REUTERS, London’s, Mayor, European Union, Aquis, Business, Reuters, Finance, stoke, of, Arm Holdings, Labour, Conservative, American Institute for Economic Research, Investment Funds Association, EU, Thomson Locations: Greenwich, London, Britain, Europe, Asia, United States, Edinburgh, of London, New York, Amsterdam, City, France

☆ Russia opened fire on its own surrendering soldiers with artillery, Ukraine says
▼ + stars: | 2023-09-19 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

A different report said "several" Russian soldiers died. According to the Ukrainian account, Ukraine still took two Russian soldiers captive after the explosion. It is not clear how many Russian soldiers were killed, but three soldiers were visible before the explosion in the drone footage shared by the battalion. AdvertisementAdvertisementUkrainian news outlet Euromaidan Press reported that "several" Russian soldiers died, some others survived, and Ukraine's troops were not harmed. Ukraine and Western intelligence have previously pointed to Russia shooting at its own surrendering soldiers.

Organizations: Service, 2nd Mechanized Battalion, Assault Brigade, Euromaidan Press, Ukrainian, UK Ministry of Defence Locations: Ukrainian, Ukraine, Wall, Silicon, Andriivka, Donetsk, Russian, Bakhmut, Russia

☆ Ukraine is trying to get a captured mayor back from Russia more than a year after he went missing
▼ + stars: | 2023-09-19 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

A Ukrainian mayor went missing more than a year ago, when his city was under Russian control. Ukraine confirmed for the first time that he is a Russian captive, saying it's trying to get him back. Ihor Kolykhaev was the mayor of the southeastern city of Kherson, which was captured by Russia in March and then retaken by Ukrainian forces in November. Yusov would not comment on whether Russia had identified any prisoners that Ukraine holds that it might exchange for Kolykhaev. Kherson is the biggest city that Russia has captured since its full-scale invasion of Ukraine, which began in February 2022.

Persons: it's, Ihor Kolykhaev, Andriy Yusov, Kolykhaev, Yusov, Galyna Organizations: Service, Kyiv Post, Kolykhaev, Military, Cross Locations: Ukrainian, Russian, Ukraine, Kherson, Wall, Silicon, Russia, Ihor, Kyiv, Geneva

With short sellers looking to profit from the stock, it closed at $55.17 after touching a high of $69 on Friday. Arm shares underperformed the Philadelphia semiconductor index (.SOX), which closed down 0.96% on Tuesday as rising bond yields weighed on growth sectors such as technology. Short sellers need to borrow a stock to short it, and the relationship between shares on loan and shorted is normally quite close, according to Ortex. By comparison, Tesla (TSLA.O), a stock with a similar percentage of shorted shares, has a cost to borrow at 0.48%, Ortex said. Arm's higher cost to borrow "can be an indication that the demand to borrow, and short, the stock is high," Hillerberg said.

Persons: Dado Ruvic, Daniel Morgan, Morgan, Thomas Martin, Ortex, Peter Hillerberg, Hillerberg, Needham, Lewis Krauskopf, Sinéad Carew, Lisa Bernhard, Mark Potter, Matthew Lewis Organizations: REUTERS, Arm Holdings, ARM, Nvidia, GLOBALT Investments, Bernstein, underwriters, Klaviyo Inc, Thomson Locations: Philadelphia, Atlanta, New York

☆ Russia is using elite paratrooper units as regular infantry, with the rest of its forces overstretched, UK intel says
▼ + stars: | 2023-09-18 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Russia is using elite paratroopers as regular infantry, the UK MOD said. The VDV force isn't at full strength and is being used to help overstretched Russian lines, it said. The situation is one that is unlikely to please the elite force's hierarchy, it added. AdvertisementAdvertisementThe VDV forces have likely reinforced Russia's 58th Combined Arms Army, part of Russia's ground forces, according to the UK MOD, with the situation coming about as Russia's military finds itself overstretched. Once again, they are being used as line infantry to augment over-stretched ground forces," the MOD said.

Organizations: MOD, Service, UK Ministry of Defence, Arms Army, Washington DC, for Locations: Russia, Wall, Silicon, Ukraine, Robotyne

☆ Zelenskyy said recent drones strikes on Russian soil are a message that its airspace is 'not as well protected' as it thinks
▼ + stars: | 2023-09-18 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +2 min

Drone strikes on Russian soil have disrupted life in Moscow, hit buildings, and destroyed planes. But he said they show Russia that its "sky is not as well protected" as it thinks. Zelenskyy was asked by CBS "60 Minutes" about drone strikes on Russian territory, which have increased in recent weeks. Russia has blamed Ukraine for most of the strikes in its country, but Ukraine has rarely taken responsibility, in keeping with a general policy of not acknowledging attacks on Russian soil. AdvertisementAdvertisementRebel groups within Russia that oppose the invasion of Ukraine and Russian President Vladimir Putin have taken responsibility for some attacks on Russian soil, but not the recent hits on warplanes.

Persons: Volodymyr Zelenskyy, Zelenskyy, Vladimir Putin Organizations: CBS, Service Locations: Moscow, Russia, Wall, Silicon, Ukraine, Russian

☆ The most powerful countries in the world in 2023, ranked
▼ + stars: | 2023-09-16 | by ( Thibault Spirlet | Sinéad Baker | ) www.businessinsider.com time to read: +1 min

Russia's military has been grinding and has experienced some embarrassing setbacks, with the country also increasingly isolated. US News said that some of Russia's power comes from its huge size, which is "difficult to imagine," with Russia being the largest country in the world by landmass. Its standing is also boosted as it shares borders with so many countries, as well as sea borders with Japan and the US. US News pointed to Russia's big industries like oil and natural gas production, agriculture, fishing, and manufacturing, as well as the country's history as a major weapons exporter. It also pointed to Russia's contributions to culture with its many celebrated authors, and to science with its history of space exploration.

Persons: Vladimir Putin, ILYA PITALEV Organizations: Russia, SPUTNIK, Getty Images Russia, US, News, World Trade Organization, United Nations Security Council Locations: Russia Russian, Ukraine, Russia, Japan

☆ The guy who drove a rolling tank bomb at Russian soldiers jammed the accelerator down before jumping out of a hatch, Ukraine says
▼ + stars: | 2023-09-14 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +5 min

The brigade told Insider the driver had to position the tank, jam the accelerator, and jump out. The UK Ministry of Defence previously said that Ukraine had destroyed many Russian tank bombs before they got close enough to do any significant damage. The tank used was a T-62 captured from Russian forces when Ukraine took back the city of Kherson last year. Galas said Ukraine took dozens of similar tanks in that operation, where he said Russian forces "were running away and they were leaving behind their tanks." But as its condition worsened, the decision was made to pack it with explosives and send it back toward Russian forces.

Persons: Yaroslav Galas, Vasil Dudinets, Galas, Dudinets, didn't, would've Organizations: Service, Transcarpathian Brigade, UK Ministry of Defence Locations: Ukraine, Wall, Silicon, Russia, Zaporizhzhia, Russian, Kherson, Soviet Union

An Aviva logo on the window of the company's head office in the city of London, Britain March 7, 2019. REUTERS/Simon Dawson/File Photo Acquire Licensing RightsLONDON, Sept 13 (Reuters) - Aviva (AV.L) is quitting its Singlife joint venture, selling its 25.9% stake in Singapore Life Holdings and two debt instruments to Sumitomo Life for a combined 800 million pounds ($997 million), the British insurer said on Wednesday. The transaction is expected to be completed in the fourth quarter of 2023, Aviva said. The Singlife joint venture contributed 17 million pounds to Aviva's operating profit in 2022, the statement said. Sumitomo Life already has a 23.2% stake in Singlife, the statement added.

Persons: Simon Dawson, Amanda Blanc, Elizabeth Howcroft, Lucy Raitano, Sinead Cruise, David Goodman Organizations: Aviva, REUTERS, Singapore Life Holdings, Sumitomo Life, Sumitomo, Thomson Locations: London, Britain, Singapore, Ireland, Canada, Singlife

☆ Ukraine is using its advanced Leopard tanks as a 'nocturnal predator' fighting mostly at night and at dawn, soldier says
▼ + stars: | 2023-09-13 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Ukrainian troops praised the advanced Leopard 2A6 tank's night vision as an advantage over Russia. Another said the long-range night vision gives them a "close to a 100% success rate." You can watch the soldiers speak about the tank here:—Defense of Ukraine (@DefenceU) September 12, 2023The Leopard 2A6 tanks may be Ukraine's best tanks, Forbes noted. They are more advanced than older Leopard tank models also given to Ukraine by its allies. AdvertisementAdvertisementA Russian colonel-general previously called the tanks the best ones in Europe and said they have good night vision.

Persons: Forbes, Vladyslav, Yurii Organizations: Service, Leopard, 47th Mechanized Brigade, —, Leopards, Lada Locations: Russia, Wall, Silicon, Ukraine, Europe, Ukrainian, Germany, Soviet, Russian, Robotyne

☆ Dublin Marathon Medals Commemorate Yeats, and Misquote Him
▼ + stars: | 2023-09-13 | by ( Emmett Lindner | More About Emmett Lindner | ) www.nytimes.com time to read: +1 min

Though the quote is widely attributed to Yeats online, there is no record of him having ever written or said the line, said Susan O’Keeffe, the director of the Yeats Society Sligo in Sligo, Ireland. “The thing about Yeats that’s worth bearing in mind is that an awful lot of his letters and his articles and his essays were kept,” Ms. O’Keeffe said. The organizers “set out to do a good thing, and they have done a good thing,” she said. The organizers of the Dublin Marathon, which was established in 1980 and is sold out this year with 22,500 runners, have over the years used the medal design as a way to commemorate prominent figures who have contributed to Irish society. Some of the commentary this year has centered on “the view that this quote has never definitively been proven to be Yeats,” said Sinéad Galvin, a spokeswoman for the marathon.

Persons: Yeats, Susan O’Keeffe, Ms, O’Keeffe, “, ”, Sinéad Galvin Organizations: Yeats Society Sligo, Dublin Marathon Locations: Sligo, Ireland

☆ Ukrainian company says it's invented a drone resistant to Russian jamming technology, which has been messing up Ukraine's drone warfare
▼ + stars: | 2023-09-12 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

A Ukrainian company said it made jamming-resistant drones and handed the first 15 to the military. But Russian jamming has made many inoperable and forced operators to get closer to the front lines. These latest drones are upgraded versions of the existing Punisher drone, the company said, which has been used to complete scores of successful missions against Russian forces. Yarema, a Ukrainian soldier helping with the Punisher drone effort, told The New Voice of Ukraine that "the most important thing is that the innovative system is resistant to electronic warfare." One Ukrainian drone operator told the BBC that this has meant they have to move closer to the front lines, putting lives in danger.

Persons: Cosmolot, Ukraine Maksym, hasn't, it's Organizations: Russia, Service, Russian, New, Royal United Services Institute, BBC, Russia's Locations: Ukraine's, Wall, Silicon, Ukraine, Ukrainian, Russia, crowdfunding, Bakhmut

☆ Metro Bank shares dip as mortgage risk model change drags
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +1 min

Sept 12 (Reuters) - Britain's Metro Bank (MTRO.L) said on Tuesday that the Bank of England's Prudential Regulation Authority (PRA) would likely not approve its application to use internal credit risk models in its residential mortgages business this year. Shares in the lender fell 7% in early trading as stock-holders reacted to the news. Without permission to use its own risk models, Metro Bank remains subject to higher capital requirements set by the regulator, which have weighed on returns for its investors. "The board retains conviction in the merits of Metro Bank's customer-centric model and strongly believes that there is a significant opportunity set that the company can capitalise on, subject to renewed balance sheet strength," Metro said. "Larger scale is needed to absorb the high, branch-centric expense base which can be achieved only if current capital constraints ... are resolved," Peel Hunt said.

Persons: Peel Hunt, Radhika Anilkumar, Sinead Cruise, Savio D'Souza, Rashmi Aich, Iain Withers Organizations: Britain's Metro Bank, Bank of England's Prudential, Authority, Metro Bank, Metro, Peel, Thomson Locations: Bengaluru, London

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