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☆ Sen. Tommy Tuberville argues the Navy is 'too woke' because 'people are doing poems on aircraft carriers'
▼ + stars: | 2023-09-07 | by ( Brent D. Griffiths | Christopher Woody | ) www.businessinsider.com time to read: +6 min

Sen. Tommy Tuberville says the US Navy is too woke, citing a poetry night on an aircraft carrier. "It is absolutely insane the direction we're headed in our military," Tuberville told Fox News. "Secretary [Carlos] Del Toro of Navy, he needs to get to building ships, get to recruiting, and he needs to get wokeness out of our Navy," Tuberville said Wednesday evening on Fox News. AdvertisementAdvertisementSecretary of the Navy Carlos Del Toro and Sen. Jack Reed at an industry conference in Newport, Rhode Island on August 28, 2023. AdvertisementAdvertisement"The service chief of any service has two full-time jobs already.

Persons: Sen, Tommy Tuberville, Tuberville, Carlos, Del Toro, We've, he's, Navy Carlos Del Toro, Jack Reed, Theodore C, Lee Tuberville, Gerald R, Ford, Mike Gilday, Gilday, Ted Lieu, George Patton, Richard, MCS3 Jeanette Mullinax, Chuck Schumer, Tuberville's, They've, Adam Smith of, Abraham Lincoln, Jeff Sherman Tuberville's, Lisa Franchetti, Joe Biden, Franchetti, Eric Smith, Smith, I've Organizations: US Navy, Fox News, Navy, Service, Alabama Republican, CNN, Army and Air Force, The Washington Post, Ford, Senate Armed Services Committee, House Armed Services Committee, Defense, Conference, Navy Reserve, Joint Chiefs, Staff, Marine, Chiefs Locations: Russian, Wall, Silicon, The, Newport , Rhode Island, Alabama, California, Flanders, Canadian, Adam Smith of Washington

Paris CNN —France’s highest court on Thursday upheld the government’s ban on students in public schools from wearing the abaya, a long, robe-like garment often worn by Muslim women, in a decision that rights groups warn will lead to more discrimination. The ban has its legal foundation in a law passed in 2004 forbidding the wearing of “conspicuous” religious symbols in French schools. Action Droits Des Musulmans (ADM), the Muslim rights group that filed the appeal, argued that the ban infringes on “fundamental rights,” such as the right to personal freedom. Macron said the ban was not “stigmatizing” anyone, but “people who push the abaya” are. Last year lawmakers backed a ban on wearing the hijab and other “conspicuous religious symbols” in sports competitions.

Persons: Musulmans, Vincent Brengarth, “, Gabriel Attal, ”, ” Attal, Emmanuel Macron, Macron, – Organizations: Paris CNN — France’s, ADM, Twitter, United Nations Human Rights Locations: Republic, France

CNN —Public schools in France have been turning away students for breaking a new national ban on the abaya, a long, robe-like garment often worn by Muslim women, as a rights group filed an appeal against the prohibition. A total of 67 girls returned home rather than remove their abayas, Education Minister Gabriel Attal told CNN affiliate BFMTV on Tuesday. The ban has its legal foundation in a law passed in 2004 banning the wearing of “conspicuous” religious symbols in schools. “They say that the abaya is a religious dress, but it’s not at all, it’s not a religious dress, it’s a traditional dress, it’s a dress that all girls wear, both veiled and non-veiled, and so it’s a bit of a problem,” she said. French President Emmanuel Macron has defended the ban, saying it is not “stigmatizing” anyone but “people who push the abaya” are.

Persons: Gabriel Attal, Attal, Musulmans, Vincent Brengarth, ”, Stephane Mahe, Brengarth, Nabil Boudi, it’s, Luke, Julie, Denis, Emmanuel Macron, Hugo Travers, Macron Organizations: CNN — Public, CNN, BFMTV, State Council, Reuters, ADM, Agence, France Presse Locations: France, France’s, Nantes, Villette, Lyon, Paris, Seine

☆ The $362 million warship the US Navy just decommissioned wasn't even in service 5 years
▼ + stars: | 2023-08-16 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +6 min

The US Navy officially decommissioned USS Sioux City this week. The $362 million Littoral Combat Ship has been in service roughly four years and nine months. USS Sioux City, a Freedom-class Littoral Combat Ship, was commissioned into service with the Navy on November 17, 2018. In September last year, the Navy decommissioned the Independence-class Littoral Combat Ship USS Coronado after just eight years of service. USS Sioux City conducts a passing exercise with an Egyptian Navy frigate in the Red Sea in July 2022.

Persons: Brandon J, Vinson, Capt, Daniel Reiher, Nicholas S, Tenorio, Nicholas A, Bob Scott, Scott, Seaman Juel Foster, James Stavridis, Stavridis Organizations: US Navy, Navy, Service, USS, Naval, Brandon, Sioux, Coast Guard, Mayport, Littoral Combat Ship Training, Combat, Combat Ships, USS Sioux City, Egyptian Navy, Russell, Russell Sioux City, Iowa Public, Littoral Combat, USS Navy, Communication, Ships Locations: Sioux City, Wall, Silicon, USS Sioux City, Florida, Iowa, Coronado, Littoral, Souda Bay, Greece, USS Sioux, Egyptian, Red, Russell Sioux, China

☆ Seen by the US military as a threat for years, Russia's Yasen-class submarines are now on track to get hypersonic missiles
▼ + stars: | 2023-08-14 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +7 min

Russia's Yasen-class submarines have long been seen as a tough challenge for the US Navy. A Russian shipbuilding official said that work is underway to arm them with Zircon hypersonic missiles. Russia's Yasen-class nuclear-powered cruise-missile submarines are quiet, difficult to track, heavily armed, and able to conduct attacks against land- and sea-based targets. The Russian Yasen-class submarines "are designed to deploy undetected within cruise-missile range of our coastlines to threaten critical infrastructure during an escalating crisis," the commander said a year later in congressional testimony. It may still be some time before Russia's Yasen-class submarines deploy with hypersonic weapons, but the Admiral Gorshkov set sail earlier this year on a deployment that took it into the Atlantic Ocean armed with Zircon hypersonic missiles.

Persons: Russia's, Alexei Rakhmanov, Dave Johnson, Lev Fedoseyev, Glen VanHerck, Gorshkov, Vladimir Putin, Gorshkov —, Putin, Zumwalt Organizations: US Navy, Service, United Shipbuilding Corporation, US, Naval, Systems, Getty, US Air Force, US Northern Command, North American Aerospace Defense Command, NATO, Russian Navy, Russian Defense Ministry Press Service, AP, Army, Navy, Ingalls Shipbuilding Locations: Wall, Silicon, Russian, Severomorsk, Russia, Barents, China, Virginia, San Diego, Pascagoula , Mississippi, Ingalls

Debates over U.S. corn and soybean yield potential have persisted all summer following one of the driest Junes on record. Soy yield’s range of 1.5 bpa is a six-year low, well below the 2.9-bpa average, raising the risk of surprise. The trade nailed corn yield last August, coming within 0.3% of USDA’s figure, analysts’ best performance since 2001. I posted a Twitter poll midday on Thursday asking which yield surprise could be most likely on Friday: corn high, corn low, soybeans high or soybeans low. After about two hours and 555 votes, corn yield surprising high was the clear leader with 40% of the vote.

Persons: Karl Plume, Karen Braun, Matthew Lewis Organizations: REUTERS, U.S . Department, Reuters, Thomson Locations: Spiritwood , North Dakota, U.S, Karl Plume NAPERVILLE , Illinois, Chicago

[1/5] A woman tastes lab-grown meat served by CellX at an event to mark the opening of the cultivated meat company's pilot production facility in Shanghai, China August 9, 2023. As part of an event on Wednesday for government, investors and media, the cultivated meat company CellX served up meat developed in a laboratory from animal cells. The offerings included lab-grown meat kebabs and tofu with minced lab-grown meat. The company, founded in 2020, is among a handful of front runners in lab-grown meat production in China. (This story has been corrected to say lab-grown meat, not lab-grown lamb, in paragraph 3)($1=7.20 yuan)Reporting by Casey Hall; Editing by Miyoung Kim and Neil FullickOur Standards: The Thomson Reuters Trust Principles.

Persons: CellX, Aly Song SHANGHAI, Ziliang Yang, Yang, it's, Leticia Goncalves, Casey Hall, Miyoung Kim, Neil Fullick Organizations: REUTERS, Daniels, Midland, Thomson Locations: Shanghai, China, Singapore, U.S, Europe

Phillips declined to make an executive available for comment and both ADM and Phillips 66 declined to comment. TECH LINED UPAxens SA, which provides technology to convert oil and biomass to lower-carbon fuels, in May agreed to provide its ethanol-to-fuels conversion technology to Phillips, ADM or a joint venture. ADM already formed a joint venture in 2021 with top U.S. oil refiner Marathon Petroleum Corp (MPC.N) to churn out renewable diesel from soybeans. Top oilseed processor Bunge (BG.N) and Chevron (CVX.N) last year formed Bunge Chevron Ag Renewables to make renewable fuels from soybeans and canola. As part of one deal, Chevron invested $600 million in the joint venture, helping double processing capacity at two Bunge soybean crushing facilities.

Persons: Nathan Frandino, refiner Phillips, Phillips, Axens, Gevo, Stephanie Kelly, Karl Plume, Jarrett Renshaw, Erwin Seba, Marguerita Choy Organizations: Phillips, American West, REUTERS, Daniels, Midland, ADM, Renewable Fuels Association, TECH, Axens SA, Gevo Inc, Marathon Petroleum Corp, Bunge, Chevron, Bunge Chevron Ag Renewables, Thomson Locations: Rodeo , California, American, U.S, Peoria , Illinois, Columbus , Nebraska, Cedar Rapids , Iowa, Houston, , California, California, Paris, North Dakota, Bunge Chevron, New York, Chicago, Washington

"It is not going to be easy for them (Russia)," said one industry executive with knowledge of grains exports. Last year, Russia exported a record volume of wheat on ships chartered from international companies and traders. "Most of what is coming out is dealt with by Russian traders using (shadow) fleet ships, which international traders would not touch". The Black Sea remains a critical area for Russian exports, with other locations more complicated and costly. Russia's Black Sea terminals handle about 70% of the country's grain exports.

Persons: Vladimir Putin, Eduard Zernin, Zernin, Cargill, Louis Dreyfus, Viterra, Dreyfus, Bunge, Denmark's, Mike Salthouse, Rosagroleasing, Victoria Mitchell, Jonathan Saul, Nigel Hunt, Polina Devitt, Gus Trompiz, Frank Jack Daniel Our Organizations: General's, REUTERS, Russia's, Grain, Reuters, International Grains Council, Russian, Control, Thomson Locations: Russian, Odesa, Ukraine, Russia Russia, Moscow, Africa, Novorossiysk, Russia's Union, Russia, Turkey, China, Denmark's NORDEN, Bulgaria, Romania, United States, Europe, Taman, Russia's, ., London, Paris

The battle for control of the sea could have implications for global energy markets and world food supplies. In Washington, Biden administration officials had expressed reservations early in the war about Ukraine striking targets or conducting sabotage inside Russia, including its Black Sea ports, fearing that such attacks would only escalate tensions with President Vladimir V. Putin. The United States has prohibited the use of American weapons in any attack against Russian territory, and American officials say they do not pick targets for Ukraine. But the United States and Western allies have long provided intelligence to Ukraine that, along with its own extensive intelligence-gathering networks, Kyiv uses to select targets. The Battle to Project PowerFor centuries, the Black Sea has been at the center of Russia’s efforts to extend its geopolitical and economic influence, leading to clashes with other world powers, including multiple wars with the Ottoman Empire.

Persons: Oleksiy Neizhpapa, Biden, Vladimir V, Putin Organizations: Ukrainian, NATO, United Locations: Russian, Washington, Ukraine, Russia, United States, Ottoman Empire

REUTERS/Dado Ruvic/Illustration/File PhotoAug 2 (Reuters) - Bunge Ltd (BG.N) raised its full-year earnings outlook on Wednesday after improved processing margins helped the agri-trader post a second-quarter profit above Wall Street estimates, sending shares up sharply. "Shares are up due to a strong quarter and raised guidance. ADM reported a drop in second-quarter profit last month but raised full-year guidance, citing improving market conditions in the second half of 2023. Bunge said second-quarter adjusted earnings in Agribusiness, its largest segment in terms of sales and volumes, jumped 75% as a record-large Brazilian soybean crop boosted processing operations. Bunge's adjusted profit was $3.72 per share for the three months ended June 30, compared with analysts' estimate of $2.69 per share.

Persons: Dado Ruvic, Bunge, Arun Sundaram, Archer, Cargill, Louis Dreyfus, Shilpi Majumdar, Nick Zieminski, Marguerita Choy, Kirsten Donovan Organizations: Bunge, REUTERS, Bunge Ltd, Wall, CFRA Research, Daniels, Midland, ADM, Specialty, Saikeerthi, Thomson Locations: Ukraine, Bengaluru

☆ AMD reports better-than-expected results even as PC market shows continued weakness
▼ + stars: | 2023-08-01 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

Here's how the company did:Earnings : 58 cents per share, adjusted, versus 57 cents per share expected by Refinitiv consensus estimates. For the third quarter, AMD said it expects $5.7 billion in sales, while analysts were looking for revenue of $5.81 billion. "Our goal is to make this a significant growth driver for AMD," Su said. AI could also help PC chip sales, AMD said. During the quarter, AMD announced a new chip that's intended to build and run the kind of AI models that are at the heart of applications like ChatGPT.

Persons: Lisa Su, Su Organizations: AMD, Data Center, Intel, Microsoft Locations: Vegas, Las Vegas , Nevada

☆ Typhoon Doksuri (Egay) lashes China's Fujian province after leaving 39 dead in the Philippines
▼ + stars: | 2023-07-28 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Typhoon Doksuri made landfall in China’s southeastern coast on Friday, state weather agencies said, after the storm battered parts of the Philippines and killed at least 39 people, including dozens on an overcrowded boat that capsized in strong winds. The typhoon slammed into the coastal county of Jinjiang in Fujian province at 9:55 a.m. local time, the National Meteorological Center said. The winds around the time of landfall were approaching 175 kilometers per hour (108 mph), according to the Joint Typhoon Warning Center but the storm’s interaction with land has likely lowered the wind speeds slightly. Another 13 people were killed elsewhere in the country from Typhoon Doksuri, known as Egay in the Philippines, the the National Disaster Risk Reduction and Management Council said Friday. The storm brought floods to five regions and triggered more than a dozen rain-induced landslides, the agency added.

Persons: Doksuri, –, Armand Balilo Organizations: Hong Kong CNN, National Meteorological Center, Typhoon, Philippine Coast Guard, AP, coastguard, PNP, Philippine National Police, CNN, CNN Philippines, Management Locations: Hong Kong, Philippines, Jinjiang, Fujian province, Taiwan, Luzon, Talim, Manila

The threat is unprecedented in its scope, experts say, and the military has pleaded with reservists to remain in their posts. Members of Israeli security forces guard the al-Aqsa Mosque compound following clashes that erupted during Islam's holy fasting month of Ramadan in Jerusalem on April 5. Nearly 10,000 military reservists said before the passage of the controversial “reasonableness” bill on Monday that they would refuse to volunteer for duty if it was passed. US Secretary of Defense Lloyd Austin spoke by phone with Israeli Minister of Defense Yoav Gallant and reiterated the US’ commitment to Israel’s security. “He (Netanyahu) is willing to pay any price to move forward with this.”Golov sees reservists threatening not to serve as a sign of something much bigger.

Persons: Daniel Hagari, ”, Ahmad Gharabli, General Staff Herzi Halevi, Defense Lloyd Austin, Yoav Gallant, Chuck Freilich, Freilich, Benjamin Netanyahu, Yiftach, ” Golov, Golov, Israel, Sayyed Hassan Nasrallah, Mahmoud Illean, Netanyahu, ” Freilich, Nasrallah, “ Organizations: CNN, IDF, Israel Defense Forces, Getty, General Staff, Defense, The Institute for National Security Studies, Brothers, Israeli Air Force, West Bank, Palestinian, ” Reuters, Arms Locations: Israel, Jerusalem, AFP, Tel Aviv, Lebanon, Syria, East Jerusalem, Gaza, “, Iran

FRANKFURT/LONDON, July 26 (Reuters) - German industry is finding new ways to transport cargoes from coal to chemicals as increasingly frequent low water levels on the Rhine disrupt Europe's largest economy. At Kaub , the critical chokepoint for Rhine barges, water levels fell to their lowest this year earlier this week. ARTERY OF THE ECONOMYThe impact of low water levels is not limited to big business. But logistics firms are benefiting from rising demand for vessels adapted to lower river levels. "We expect, due to climate change, that the extremes on the river Rhine will happen more often," said Maickel Uijtewaal, general manager at Stolt-Nielsen (SNI.OL).

Persons: Uwe Arndt, Barbara Hoyer, majeure, Roberto Spranzi, Maickel Uijtewaal, Steffen Bauer, Christoph Steitz, Vera Eckert, Ludwig Burger, Patricia Weiss, Rene Wagner, Nette, Tom Kaeckenhoff, Matthias Inverardi, Vincent Flasseur, Barbara Lewis Organizations: Federal Waterways, Shipping Agency, Reuters Graphics, Cologne, BASF, Reuters Graphics Reuters, Kiel Institute, Deutsche Bank, Reuters, Stolt, Nielsen, HGK Shipping, Daniels, Midland Co, Chemicals, Thomson Locations: FRANKFURT, LONDON, Kaub, Europe, Reuters Graphics Germany, Ludwigshafen, HGK, Frankfurt, Berlin, Duesseldorf, London

CHICAGO, July 25 (Reuters) - Archer-Daniels-Midland (ADM.N) beat Wall Street expectations for second-quarter profit on Tuesday, as the grain trader and processor benefited from a record Brazilian soybean harvest and robust global demand for grain and oilseeds. ADM, which previously forecast full-year 2023 earnings at $6 to $7 per share, said it would raise its earnings outlook but did not provide details. ADM and its agribusiness peers, including Bunge (BG.N), Cargill and Louis Dreyfus, have capitalized on strong demand for food, feed and biofuel, while global food supply chain disruptions such as lower grain shipments from war-torn Ukraine have boosted prices. ADM's Carbohydrate Solutions unit capitalized on strong demand for sweeteners and starches, though results were dented by weaker ethanol margins. Results in the company's high-margin Nutrition segment struggled in what ADM called a "challenging demand environment."

Persons: Archer, Cargill, Louis Dreyfus, Arunima Kumar, Shilpi Majumdar, Mark Porter Organizations: Daniels, Midland, ADM, Bunge, ADM's Ag Services, Thomson Locations: Ukraine, Bengaluru

☆ Morning Bid: Earnings, China hold spotlight ahead of big rates decisions
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +2 min

A look at the day ahead in European and global markets from Tom WestbrookEarnings and hope for a turning in China's markets are the prelude to this week's big central bank decisions. The corporate performance and outlook risk disappointing markets that are increasingly priced for a "soft-landing" slowdown in both growth and inflation. In the Asia session investors cheered pledges of support in the readout from an earlier-than-expected Politburo meeting in China -- though not too loudly. The Eurozone bank lending survey is also out on Tuesday and can give a view on the health of borrowing ahead of Fed and European Central Bank meetings, which are both expected to deliver rate hikes. The yen was steady in Asia as investors weigh whether the Bank of Japan will tweak policy on Friday.

Persons: Tom Westbrook, Robert Half, Archer, Daniel Midlands, Morgan Stanley, Dalian Wanda, Sam Holmes Organizations: Microsoft, Google, Visa, General Electric, Dow, chipmaker Texas, Unilever, Shanghai, Traders, Dalian, Fed, European Central Bank, Bank of Japan, EssilorLuxottica, Texas Instruments, Verizon, General Motors, ADM, Spotify, Thomson Locations: United States, London, Paris, Asia, China, Hong Kong

☆ What we hope to see from 9 Club stocks out with earnings in the week ahead
▼ + stars: | 2023-07-22 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

Looking to next week, earnings season will ramp up — and though we'll get some important economic data, expect the corporate releases and management commentary on the post-game calls to be firmly in the driver's seat. Here are two important things to know for the week ahead. Quarterly earnings : As important as economic releases are, it's earnings that will garner the bulk of investors' attention. For those looking to review first-quarter performance ahead of these releases, keep our first-quarter earnings report card handy. Here's the full rundown of all the important domestic data in the week ahead.

Persons: Dow, we'll, we've, Lawrence Yun, Jerome Powell's, Sartorius, Sartorius preannounced, It's, management's, We'll, Tesla, Ford's, Sherwin, Williams, Archer, Clark, Lam, Edwards Lifesciences, Hewlett, Northrop, Dr Pepper, Davidson, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, Economic, National Association of Realtors, Nine, GE Healthcare, Microsoft, YouTube, Linde, LIN, Honeywell, Aerospace, Technologies, Ford, Procter & Gamble, Dynex, HBT, Hope Bancorp, NXP Semiconductors, Cadence Design Systems, Whirlpool, Logitech International, Liberty Global, Verizon Communications, General Motors, General Electric, GE, Spotify, Raytheon Technologies, Daniels, Midland, Albertsons Companies, ACI, Polaris Industries, Inc, Dow Chemical, DOW, Xerox, Texas Instruments, WM, Canadian National Railway Company, Chubb Corporation, Universal Health Services, Powell, Boeing, Hilton, Union Pacific, General Dynamics, Quest Diagnostics, Otis Worldwide, Grill, Lam Research, eBay, EBAY, Mattel, Hewlett Packard, L3Harris Technologies, Gross, Royal Caribbean Cruises, Southwest Airlines, Mastercard, Myers Squibb, Northrop Grumman, Hertz, Tractor Supply Company, HCA Healthcare, Boston, Hershey, Comcast, Harley, Norfolk Southern, Intel, Mobile, United States Steel Corp, KLA Corporation, Boston Beer Company, Nation Entertainment, Texas, Procter, Gamble, Exxon Mobil, Chevron, Charter Communications, AstraZeneca, Colgate, Palmolive, Newell Brands, Sanofi, Dwight, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: U.S, Hollywood, Cleveland, Corning, Kimberly, Bristol, Norfolk

☆ Biden Nominates Adm. Lisa Franchetti to Lead the Navy
▼ + stars: | 2023-07-21 | by ( John Ismay | More About John Ismay | ) www.nytimes.com time to read: +1 min

Since the days of John Paul Jones and the American Revolution, the top job in the U.S. Navy has gone to a man, but that will change if President Biden’s pick to become the service’s top uniformed leader is confirmed. The White House announced on Friday that President Biden intends to nominate Adm. Lisa Franchetti to become the Navy’s highest-ranking officer following the retirement of Adm. Michael M. Gilday this summer. Lloyd J. Austin III, the secretary of defense, said he was proud that Admiral Franchetti had been selected to be the first woman to lead the Navy and to serve as a permanent member of the Joint Chiefs of Staff. “She will continue to inspire all of us,” Mr. Austin said in a statement. Currently the Navy’s vice chief, Admiral Franchetti will serve in an acting role as the Navy’s top officer, awaiting confirmation by the Senate — a process that Senator Tommy Tuberville, Republican of Alabama, has blocked for hundreds of admirals and generals in an attempt to force the Pentagon to drop a policy offering time off and travel reimbursement to service members who need to go out of state for abortions.

Persons: John Paul Jones, Biden’s, Biden, Lisa Franchetti, Michael M, Lloyd J, Austin III, Franchetti, “, ” Mr, Austin, Admiral Franchetti, Tommy Tuberville Organizations: American, U.S . Navy, White, Joint Chiefs, Staff, Senate, Republican, Pentagon Locations: Alabama

[1/2] A view shows a cooked piece of cultivated chicken breast created at the Upside Foods plant, where lab-grown meat is cultivated, in Emeryville, California, U.S. January 11, 2023. Difficulty competing with conventional meat on price has plagued the plant-based meat sector, which has failed to meet market share expectations. To be price competitive, cultivated meat must reach a production cost of $2.92 per pound, Goncalves said. Last year, governments spent about $635 million on alternative proteins, about $167 million of which was for cultivated meat, according to the group. China Chilcano's chefs said the product behaved very similarly to conventional chicken and offered some improvements, like rapid absorption of marinades.

Persons: Peter DaSilva, Matthew Walker, Leticia Goncalves, Goncalves, Andrew Noyes, Jose Andres's, Gustavo Burger, Believer, Steve Cahillane, Alan Grublauskas, Noyes, chefs, Leah Douglas, Tom Polansek, Josie Kao Organizations: REUTERS, WASHINGTON, U.S . Department of Agriculture, Food and Drug Administration, S2G Ventures, Daniels, Midland, Washington , D.C, Food Institute, Kellogg, Reuters, Food Forum, Thomson Locations: Emeryville , California, U.S, Jose Andres's China, Washington ,, Chicago, China, San Francisco, Washington

☆ Asia's private credit markets thrive as desperate borrowers find lenders
▼ + stars: | 2023-07-20 | by ( Rae Wee | ) www.reuters.com time to read: +4 min

Private lenders, meanwhile, had "significant liquidity" to deploy for such financings, proving to be a right fit. Besides property developers, borrowers thronging private markets include privately-held companies and start-ups whose private equity issuance has been stymied by broader stock market swings and the deepening discounts of their valuations, known as a 'down round' in the industry. Investment firm Muzinich & Co. recently announced it had closed a $500 million Asia Pacific private debt strategy. Australian superannuation fund UniSuper, which runs a $15 billion private markets portfolio investing in unlisted infrastructure and private equity, is looking to grow its portfolio. "Just given the pipeline of opportunities, we could see ourselves potentially ... (doing) another $3 to $5 billion," said Sandra Lee, UniSuper's head of private markets.

Persons: Bryan Clark, Andrew Tan, Tan, Sandra Lee, UniSuper's, Shane Forster, Benno Klingenberg, Timm, Rae Wee, Georgina Lee, Vidya Ranganathan, Kim Coghill Organizations: Star, JLL, Western, Muzinich, Asia Pacific, Muzinich's Asia Pacific, ICE, Bain Capital, India's, Mahindra Bank, Hong Kong's ADM, BlackRock, Data, Barclays, UBS, Thomson Locations: SINGAPORE, Arizona, Asia, Hong Kong, Singapore

But while he cleared customs, he did not get on the plane as scheduled on Monday, US officials told CNN. Picture of Travis King, the US soldier who ran across the military demarcation line into North Korea on Tuesday July 18th. She said the administration was working with the government of South Korea, along with Sweden, on the matter. Sweden generally represents US interests in North Korea because the US and North Korea have no diplomatic ties. King’s mother, Claudine Gates, told ABC on Tuesday that she was “shocked” by the fact that King had crossed into North Korea.

Persons: Travis King, Fort, King, “, Sarah Leslie, ” Leslie, Travis T, Karine Jean, Pierre said, ”, King “, we’ve, Adm, John Aquilino, we’re, I’ve, Claudine Gates, Travis, ” Gates, Bryce Dubee Organizations: CNN, Airport, US Forces Korea, Joint Security, Facebook, Panmungak, Joint Security Area, North, Fort Bliss, Security Area, Reuters, Pacific Command, Aspen Security, Court, South, ABC, 6th Squadron, 1st Cavalry Regiment, 1st Brigade Combat, Armored Division, National Defense Service, Korean Defense, Overseas Service Locations: North Korea, Seoul, South Korea, Fort Bliss , Texas, North, North Korean, Fort, Panmunjom, Sweden, Mapo, Fort Bliss

An army official told CNN the private was set to be administratively separated from the US Army. Details about how exactly King ended up on the North Korean side of the border remain unclear. King’s mother, Claudine Gates, told ABC she was “shocked” after being told by the US Army that her son had crossed into North Korea. Travis King, the US soldier who ran across the military demarcation line into North Korea on Tuesday, July 18 Travis King/FacebookThe US has been actively reaching out to North Korea to resolve the situation, but it has not yet heard back, a defense official said Wednesday. South Korean police told CNN that King was transferred to US military police after an investigation into an assault last September.

Persons: hasn’t, Travis King, King, Claudine Gates, ”, Travis, ” Gates, he’d, John Aquilino, Aquilino, King “, we’ve, ” Aquilino, CNN King, Jeon Heon Organizations: Seoul CNN, CNN, US Army, ABC, Pacific Command, Aspen Security, Joint Security, North, Defense Department, Korean, Reuters, King . Locations: Seoul, North Korea, Fort Bliss, South Korea, Mapo, Korea

☆ A showdown with one senator over hundreds of generals and admirals is set to ripple through the US military
▼ + stars: | 2023-07-11 | by ( Christopher Woody | ) www.businessinsider.com time to read: +13 min

Waiting to replacing him is Gen. Eric Smith, and he will continue waiting until one senator lifts holds on the promotions of more than 250 generals and admirals. Tuberville's hold targets uniformed military officers over a policy set by the US military's civilian leadership, diverging from the longstanding manner in which members of Congress have expressed displeasure with such policies. Kelsey Dornfeld"Uniformed military officers do not set policy. 'We will lose talent'Maj. Gen. Eric Smith receives his three-star rank insignia during a ceremony in Okinawa in August 2018. "It is the personal development, it is the family understanding and predictability" that will be affected, Adm. John Aquilino, head of US Indo-Pacific Command, told senators in April.

Persons: Sen, Tommy Tuberville, Tuberville, David Berger, Eric Smith, Biden, —, Katherine Kuzminski, Sergeant, Marine Corps Troy Black, Kelsey Dornfeld, They're, Kuzminski, Berger, It's, Defense Lloyd Austin III, Austin, that's, Smith, Olivia G, Ortiz, Benjamin Northcutt, Christopher Cavoli, Michael Gilday, Lisa Franchetti, MCS2 La’Cordrick Wilson, John Aquilino, James McConville, McConville, Frank Kendall, Charles Brown Jr, Kendall, Brown, Drew Angerer, Mitch McConnell, Jack Reed's, Defense Lloyd Austin, Mark Milley, Alex Wong, Reed, Elizabeth Warren Organizations: Service, US Marine Corps, Pentagon, Department, US, Military, Veterans, Center, New, New American Security, Marine Corps, Staff, Uniformed, Defense, United States, Washington DC, Senate Armed Services Committee, US Army Europe, US Army, US European Command, NATO's Military, Naval Reactors, US Navy, Pacific Command, " Air Force, Savannah, Joint Chiefs of Staff, Capitol, Republican, CNN, Joint Chiefs Locations: Wall, Silicon, New American, Okinawa, Germany, Cavoli, Pacific, California, South Korea, Alabama

☆ Russia is 'accepting risks' and dropping its guard against other threats to hold its ground in Ukraine, British military says
▼ + stars: | 2023-07-06 | by ( Christopher Woody | ) www.businessinsider.com time to read: +6 min

Shifting the bulk of its military to Ukraine has made Russia vulnerable elsewhere, experts say. The war has become a nearly all-consuming effort for Russia's military. Units from across Russia are now "bearing the brunt" of the Ukrainian counteroffensive that kicked off in early June, the British Ministry of Defense said in an update published Thursday. "The way Russia is accepting risks across Eurasia highlights how the war has dislocated Russia's established national strategy," the ministry said. "Russia has really made itself vulnerable globally," Dara Massicot, an expert on the Russian military at the Rand Corporation think tank, said in April.

Persons: —, Ukraine's, Ben Wallace, Muhammed Enes Yildirim, Dara Massicot, Adm, Tony Radakin, Radakin, ANATOLII STEPANOV, Christopher Cavoli, Cavoli, we've, Justin Bronk, They'd, Bronk, they're Organizations: Service, British Ministry of Defense, Russian, Eastern Military District, 61st Naval Infantry Brigade, NATO, Anadolu Agency, Getty, Arms Army, Rand Corporation, US European Command, Royal United Services Institute Locations: Russia, Ukraine, Eurasia, Belarus, Zaporizhzhia, Zaporizhzhia Oblast, Crimea, Velyka, Donetsk Oblast, Bakhmut, Moscow, Russian, Oskol, Ukraine's Kharkiv, AFP, British, Kaliningrad, Finland

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