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☆ China is looking all over the world for help building and flying its fighter jets
▼ + stars: | 2023-06-25 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

A British Royal Air Force Eurofighter Typhoon fighter jet at RAF Coningsby in May. Daniel Duggan, a former US Marine Corps pilot, has been accused of violating the Arms Export Control Act by training Chinese military pilots. "Currently, Chinese jet engines can at best achieve one-fourth the life span of Western engines," the report says. To manufacture engines, China still needs to import complex machine tools, including equipment made in Germany, Japan, Italy, and South Korea. A J-20 stealth fighter jet at Airshow China 2022 in Zhuhai in November.

Persons: —, Der Spiegel, Christopher Furlong, Daniel Duggan, Duggan, Chen Jimin, Deng Hua, John Paul Jones, walling, Michael Peck Organizations: Service, Privacy, China, NATO, Taiwan, British Royal Air Force Eurofighter, Coningsby, US, Chinese headhunters, US Marine Corps, Western, China News Service, Getty, Center for Strategic, International Studies, CSIS, Nations, Soviets, Defense, Foreign Policy, Twitter, LinkedIn Locations: China, May, Australian, Zhuhai, US, Germany, Japan, Italy, South Korea, Xinhua, Constantinople, Byzantine Empire, Hungarian, Russia, Russian, Nazi, Forbes

☆ Digital health faces the same hurdle as fintech: Get profitable or get lost.
▼ + stars: | 2023-05-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Digital health, once the darling of the healthcare industry, is having a tough go of it. After a pandemic-fueled surge when health services and offerings utilizing tech were prioritized, digital health has come back down to earth. The similarities between digital health and fintech are striking. For both fintechs and digital health, this year has served as a reminder that they're only partly tech companies. Click here for predictions from 16 bankers and dealmakers on the future of digital health.

☆ Hollywood's Reynolds and McElhenney found success at Welsh soccer club Wrexham. But there's a warning for would-be copycats
▼ + stars: | 2023-05-08 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

"There's a big amount of pressure and attention from the press, not to mention scepticism from diehard football fans. WREXHAM, Wales - May 2, 2023: Wrexham AFC fans celebrate during a bus parade following their league title win. One fan has donned the costume of Deadpool, the comic book character played by co-owner Ryan Reynolds. Hollis said they understood that "it would take more than funny Twitter posts and a documentary" to turn around a struggling club like Wrexham. This sort of dedication plays a crucial role in attracting more support from fans," Hollis said.

Coronations at Westminster Abbey go back almost one thousand years. Like Charles III, William had his coronation at Westminster Abbey. Gross says coronation blunders do not become truly significant for monarchs until their reign starts to go wrong. A “beautiful and symbolic” silver cross containing a piece of the so-called True Cross will lead King Charles’ coronation procession in London next month. Meanwhile, gun salutes will sound from military bases and ships at sea to mark the moment Charles is crowned King.

☆ Why Liverpool and Manchester United, two giants of soccer, are up for sale at the same time
▼ + stars: | 2022-12-24 | by ( Jenni Reid | ) www.cnbc.com time to read: +7 min

In November, the owners of first Liverpool and then Manchester United confirmed they were open to new investment offers, with the potential for full sales of the top flight English clubs. Meanwhile New York-listed shares in Manchester United popped 18% on the news on Nov. 23 that its owners were similarly opening themselves up to investment opportunities. Big money competition One recurring complaint Manchester United fans have had of the Glazers is a lack of investment in the club, across both facilities and players. Old Trafford Stadium, the home of Manchester United Football Club. "In the cases of Liverpool and Manchester United, both owners have held the clubs for a long time, and both assets have appreciated a lot as their leagues and brands and global fan bases have developed.

☆ British nurses launch historic strike, as pay and staffing crises threaten the NHS
▼ + stars: | 2022-12-15 | by ( Rob Picheta | ) edition.cnn.com time to read: +9 min

“The reality is, every day, nurses across the UK are walking into understaffed hospitals,” Mackay said. “I feel really sorry for the young girls who are now trying to get into the profession, they have to pay for their training. Nurses’ pay dropped 1.2% every year between 2010 and 2017 once inflation was taken into account, according to the Health Foundation, a UK charity that campaigns for better health and health care. Christopher Furlong/Getty ImagesEarlier this year, the RCN rejected an offer by the government to increase nurses’ pay by a minimum of £1,400 ($1,707) a year, which amounted to an average rise of 4.3%, well below the rate of inflation. Members of Britain’s armed forces were being trained to drive ambulances and firefight in the event of strike action, ministers said earlier this month.

☆ Britain's new 'winter of discontent' deepens as widespread strikes mount over festive period
▼ + stars: | 2022-12-14 | by ( Elliot Smith | ) www.cnbc.com time to read: +7 min

In recent weeks, upcoming strike actions have been announced by nurses, rail workers, postal workers, ambulance workers, airport staff, Border Force agents, highway workers, Eurostar staff, civil servants, bus drivers, firefighters, charity workers, meteorologists and offshore workers. For the public sector, real earnings were 5 percentage points lower, and Hollingsworth suggested that the growing gap had become "unsustainable." "I think there's clearly a lot of pressure here for some catch-up on the public sector side of things, and it's clear that there is that labor bargaining power there." "However, the gap between private and public sector pay narrowed slightly, with private sector pay up 6.9%, while public sector pay is up by 2.7%." However, with negotiations remaining fraught and unions showing no signs of backing down, he said some catch-up on public sector pay growth will likely be required to prevent further disruption.

☆ King Charles visits Wrexham AFC, the soccer club owned by Ryan Reynolds and Rob McElhenney
▼ + stars: | 2022-12-10 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

King Charles and the Queen Consort visited Wrexham AFC on Friday, the soccer club owned by Hollywood actors Ryan Reynolds and Rob McElhenney. Charles and his wife Camila were in Wrexham to celebrate its new city status and spoke to Reynolds and McElhenney about their plans for growing the club that they bought in 2021. Wrexham – the world’s third-oldest football club, currently plays in England’s fifth tier, far removed from the likes of Manchester United and Liverpool. King Charles spoke with manager Phil Parkinson and some of the players. Charles spoke with the first-team players during his visit and wished them luck for their next match away at Eastleigh on Saturday.

☆ After narrowly avoiding the Retail Apocalypse, many companies are once again at risk of bankruptcy — and these 10 may be next
▼ + stars: | 2022-11-10 | by ( Bethany Biron | ) www.businessinsider.com time to read: +1 min

However, the credit rating company said the number of defaults won't reach pandemic level-highs as the industry has "emerged in better shape to meet the growing challenges," analysts wrote in an October report. A clothes shop tries to sell the last of its stock before closing down on February 1, 2012 in Stoke-On-Trent, England. Staffordshire has borne the brunt of the economic downturn with the loss of 21,100 manufacturing jobs which have fallen from 74,200 in 2006/07 to 53,100 in 2010/11, the highest in the UK according to a survey by the GMB union. Christopher Furlong/GettyTheir findings anticipate defaults to rise to 5.5%, up from the current rate of 1%, but still well below 23% in 2020. "As the retail industry squares off for another period of rising defaults over the next 12 months, this time will be markedly different from the last downturn during the pandemic, when defaults skyrocketed," Moody's analysts wrote in the report.

☆ What do Indians think about Rishi Sunak’s rise? Like UK-India relations, it’s complicated
▼ + stars: | 2022-10-26 | by ( Rhea Mogul | ) edition.cnn.com time to read: +13 min

Now, an Indian-origin man has become the Prime Minister of England,” a Zee News anchor said. Leon Neal/Getty Images Sunak and Boris Johnson watch as a sheep is sheared during a visit to a farm in North Yorkshire, England, in July 2019. Danny Lawson/PA Images/Getty Images Sunak speaks during a general election debate in Cardiff, Wales, in November 2019. Hollie Adams/Bloomberg/Getty Images Sunak and Murty are seen with their daughters, Krishna and Anoushka, while campaigning in Grantham, England, in July 2022. Indian Prime Minister Narendra Modi suggested as much in a tweet welcoming Sunak’s appointment.

Like Truss, Sunak promised a tough approach to illegal immigration and vowed to expand the government’s controversial Rwanda immigration policy. At the time Johnson was running to lead Britain's Conservative Party and Sunak was a member of Parliament. Danny Lawson/PA Images/Getty Images Sunak speaks during a general election debate in Cardiff, Wales, in November 2019. Danny Lawson/PA/Getty Images Sunak delivers a speech during the annual Conservative Party Conference in Manchester in October 2021. Hollie Adams/Bloomberg/Getty Images Sunak and Murty are seen with their daughters, Krishna and Anoushka, while campaigning in Grantham, England, in July 2022.

☆ Fracking: What's all the fuss about it in the UK?
▼ + stars: | 2022-10-20 | by ( Reuters Christian Edwards | Christian Edwards | ) edition.cnn.com time to read: +5 min

Fracking, or hydraulic fracturing, involves drilling into the Earth and injecting water and chemicals at high pressure to break rocks and release the gas trapped inside. Since only few test wells have been drilled, there are no estimates of proven reserves to confidently predict how much shale gas would be technically and economically viable to extract by fracking. Cuadrilla, 96% owned by Australia’s AJ Lucas, was the only one of these firms to receive consent to begin fracking. Former British Chancellor Kwasi Kwarteng said in March when he was Business and Energy secretary gas fracking would not lead to lower British gas prices. “With the best will in the world, private companies are not going to sell the shale gas they produce to UK consumers below the market price,” he tweeted.

☆ Energy crisis spurs Britain to end its fracking ban, digging up a long-running debate
▼ + stars: | 2022-09-22 | by ( Jenni Reid | ) www.cnbc.com time to read: +5 min

The derrick is seen behind anti-fracking banners at Cuadrilla's Lancashire fracking site. Christopher Furlong | Getty ImagesLONDON — The U.K. government lifted its ban on fracking Thursday, citing the need to increase domestic energy supply following the Russian invasion of Ukraine. The divideA 2020 review by Warwick Business School estimated fracked gas could account for between 17% and 22% of U.K. energy consumption between 2020 and 2050. A past study found that shale gas operations themselves would contribute relatively little to greenhouse gas emissions. A report commissioned by the government in April and published Thursday found it was still not possible to accurately predict geological activity as a result of U.K. fracking operations.

☆ The army Putin spent 2 decades building has been largely destroyed in Ukraine, and Russia's 'strategic defeat' could threaten his grip on power
▼ + stars: | 2022-09-14 | by ( John Haltiwanger | ) www.businessinsider.com time to read: +8 min

Russia's military will have to be rebuilt because of the war in Ukraine, experts say. But the war in Ukraine has decimated the Russian military that Putin spent years building, while raising questions about his grip on power, Russia experts and military analysts told Insider. Russia's military is going to have to be rebuilt," George Barros, a military analyst at the Institute for the Study of War, told Insider. These losses have forced the Russian military to resort to pulling obsolete Soviet-era equipment, such as T-62 tanks, out of storage. The Russian military is "not nearly as powerful as we thought it was," he said.

☆ 'Historic victory': How the world is reacting to Boris Johnson's landslide win
▼ + stars: | 2019-12-13 | by ( Vicky Mckeever | ) www.cnbc.com time to read: +3 min

British Prime Minister and leader of the Conservative Party Boris Johnson speaks to supporters and press as the Conservatives celebrate election victory on December 13, 2019 in London, England. Christopher Furlong/Getty ImagesAs the world wakes up to the news of a landslide victory for the ruling Conservative Party in the U.K.'s general election, CNBC takes a look at frontpage reaction from newspapers across the globe. 'Carrie on Boris – Tory landslide … and Corbyn's on his bike' – The SunTweet 1 British tabloid The Sun pictured a "jubilant" Prime Minister Boris Johnson and his partner Carrie Symonds arriving in his west London constituency of Uxbridge this morning. It also referred to the "disaster" defeat suffered by Labour leader Jeremy Corbyn, who announced plans to step down. 'Johnson's historic victory' – The TelegraphMeanwhile, pro-Conservative paper The Telegraph, which once counted Johnson as a columnist, highlighted that the ruling party was set for its "biggest success since (Margaret) Thatcher", who won a landslide vote in 1987.

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