DIRS.INFO The most relevant business & tech news

☆ These stocks are likely to gain from the UK’s major budget announcement, analysts say
▼ + stars: | 2024-10-31 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

Investment banks also suggested that stocks that had dipped ahead of the budget are likely to now gain on better-than-expected outcomes. "The U.K. budget was a clear signal that the new govt. Banks Investors in U.K. bank stocks will also be relieved as no new tax measures were applied to lenders specifically. RBC Capital Markets analysts echoed the view, saying the budget "included no major surprises relevant to the wealth sector." Any changes to the rules were a "relatively benign outcome for the sector" and removed an "event risk" for stocks, the investment bank said.

Persons: Roberta Ciaccia, Balfour Beatty, Rachel Reeves, Jefferies, Graham Hunt, Balfour Beatty's, AJB's, Genuity, Canaccord Genuity, Alex Brooks, Brooks Macdonald Organizations: Labour, City, Investment, Infrastructure Civil, U.K . Finance, Jefferies, Rail, Defence, Banks, RBC Capital Markets, AIM, London Stock Exchange's, Ashtead Tech, Aquis, FactSet, RBC, Tatton Asset Management Locations: Transport, Britain, Quilter

☆ Ukrainian troops fighting on Russian soil have an advantage they've never had in this war
▼ + stars: | 2024-10-31 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +7 min

Ukrainian troops in Russia have an advantage that they haven't had before in this war. Being on foreign soil means less pressure to defend and more strategic options, war experts say. AdvertisementUkrainian troops fighting on Russian soil have a kind of flexibility in combat that they haven't had before in this war. Ukrainian forces surged into the southwestern Russian region of Kursk in August, and at the peak of the incursion, they held about 500 square miles. AdvertisementAlberque said that in Kursk, Ukraine could ask itself: "Where can we actually defend?

Persons: it's, —, Ukraine's, Michael Bohnert, KIRILL CHUBOTIN, Libkos, Bohnert, William Alberque, Matthew Savill, Alberque, Ed Ram, they're, haven't, Alexander Ermochenko Organizations: Service, RAND Corporation, Publishing, Getty, Stimson, Royal United Services Institute, UK Ministry of Defence, Washington, REUTERS Locations: Russia, Ukraine, Ukrainian, Russian, Kursk, Sudzha, Bakhmut, Crimea, Donbas, Avdiivka, Alexander Ermochenko Ukraine

☆ Police say ‘no nuclear risk’ after huge fire breaks out in vicinity of UK submarine shipyard
▼ + stars: | 2024-10-30 | by ( Alex Stambaugh | ) edition.cnn.com time to read: +1 min

Emergency officials said early Wednesday that fire crews and police were responding to the blaze in the vicinity of BAE Systems in Barrow-in-Furness, northwest England. BAE Systems is one of the largest defense contractors in Europe. Its subsidiary, BAE Systems Submarines, headquartered in Barrow-in-Furness, builds and assembles the UK’s nuclear submarines. “There is no nuclear risk,” Cumbria Police said in a statement on X. CNN reached out to BAE Systems and the UK Ministry of Defence, which directed questions to BAE Systems.

Organizations: CNN, BAE Systems, BAE Systems Submarines, Cumbria Police, Rescue Services, Police, UK Ministry of Defence Locations: Barrow, Furness, England, Europe, Cumbria

☆ UK far-right activist Tommy Robinson jailed for 18 months
▼ + stars: | 2024-10-28 | by ( Lauren Kent | ) edition.cnn.com time to read: +2 min

London CNN —British far-right political activist Tommy Robinson has been jailed for 18 months after he admitted to being in contempt of court by repeating false accusations about a Syrian refugee, according to court documents. Robinson, whose real name is Stephen Yaxley-Lennon, admitted on Monday to breaching UK court rules 10 times. Robinson, the founder of the now-defunct anti-immigration English Defence League (EDL), was accused of repeating false allegations that caused him to lose a libel suit in 2021. The initial libel case related to Robinson making false accusations against a Syrian schoolboy who was attacked in an incident shared widely on social media. Court artist drawing of political activist Tommy Robinson (right), whose real name is Stephen Yaxley-Lennon, appearing at London's Woolwich Crown Court on Monday.

Persons: Tommy Robinson, Robinson, Stephen Yaxley, Lennon, Syria –, Elizabeth Cook, Justice Johnson, ” Organizations: London CNN, English Defence League, Crown Locations: British, Syria, Huddersfield, England, London’s

☆ Does height matter in football? Yes, but not in the way you might think
▼ + stars: | 2024-10-25 | by ( Liam Tharme | ) www.nytimes.com time to read: +11 min

GO DEEPER Short centre-backs: How much does size matter in the Premier League? The decline of the small midfielder has been a league-wide trend in the Premier League in the last four years. Last season, the taller trend stopped, City’s minutes to smaller players went up and taller players back down. GO DEEPER Short centre-backs: How much does size matter in the Premier League? That tends to suit taller players, or short(er) ones who have exceptional speed, positioning and decision-making.

Persons: d’Or, Lionel Messi, Lionel Messi’s, Rich Storry, Bayer, Germain, Costel, Antonio Conte, Stefano Piolo, taka, StatsBomb, Rico Lewis, Pep Guardiola, Shaun Botterill, Guardiola, Lewis, Erling Haaland’s, Phil Foden, Bernardo Silva, Arsenal’s, David Raya, Emmanuele, Mikel Arteta, ” Arteta, Napoleon, William Saliba's, Mikel Arteta's, That's, ike Organizations: Ballon, University of Wolverhampton, Inter Milan, Bayer Leverkusen, Manchester City, Paris Saint, Leverkusen, Serie, Inter, Premier League 183.3 Manchester City, Ligue, PSG, La Liga 181.8 Real Madrid 181.3, Bundesliga, Premier League, La Liga, A, Romania, AC Milan, Spanish, Premier League ? Football, ”, Arsenal, Bournemouth, Premier League’s, Getty, 😬# Locations: U.S, England’s, Paris, Real Madrid, Germany, Spain, La, Manchester, David

☆ South and North Korea troops potentially entering Ukraine war unlikely to stoke regional conflict, analysts say
▼ + stars: | 2024-10-25 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

South and North Korea troops potentially entering the Russia-Ukraine war is unlikely to stoke a wider conflict between the two Korean countries, experts said. The U.S. on Wednesday confirmed that North Korean troops had been sent to Russia. "The messaging we are seeing is likely intended to deter the actual deployment of North Korean troops to Ukraine from Russia. But that will depend on how the North Korean troops are deployed, she added. "In such a case, South Korean troops would be shooting in self defence, thus limiting the nature of such combat encounters."

Persons: Yonhap, Yoon Seok Yeol, Liang, Nah, Naoko Aoki, Aoki, Pyongyang's Organizations: stoke, Yonhap, NBC News, CNBC, Singapore's, Rajaratnam, of International Studies, Seoul, RAND, North Locations: Korea, South, North Korea, Russia, Ukraine, South Korea, North, Moscow, Pyongyang, Seoul

The search for a woman who fell from a Taylor Swift-themed cruise ship in the Bahamas was suspended Wednesday, a day after she went into the water, officials said. The U.S. Coast Guard said Wednesday afternoon that the Royal Bahamas Defence Force was suspending its search pending new developments and that it no longer needed the Coast Guard's assistance. The Coast Guard said it sent an HC-144 airplane and an MH-65 Dolphin helicopter to help. A Royal Caribbean spokesperson said that a search-and-rescue operation was immediate launched and that it is working with local authorities. The trio worked with Royal Caribbean to host private events centered on Swift and her Eras Tour, according to the group's website.

Persons: Taylor Swift, Swift, Jessica Malerman, Nicole Rivera, Shelby Reyes, Marvelous, Taylor Organizations: U.S . Coast Guard, Royal Bahamas Defence Force, Royal Caribbean, Coast Guard, HC, Dolphin, Royal Locations: Bahamas, U.S, Nassau, Royal Caribbean, Miami

☆ Russia's frozen assets are being used by the UK for a $3 billion loan to Ukraine
▼ + stars: | 2024-10-22 | by ( ) www.businessinsider.com time to read: +2 min

The UK is using profits from Russia's frozen assets to offer a $3 billion loan to Ukraine. About $322 billion of Russian assets were frozen abroad following the invasion of Ukraine. AdvertisementThe British government is tapping Russia's frozen assets for a loan to Ukraine, with the intention of helping Kyiv secure more military and fund reconstruction costs. The loan, which amounts to £2.3 billion, or $3 billion, is being provided using profits generated from Russian assets, according to a memo on the UK government website. AdvertisementAbout $322 billion of Russian assets were frozen abroad as the West imposed sanctions to hobble the Kremlin's war machine following the invasion of Ukraine in 2022.

Persons: —, John Healey Organizations: Service, Bloomberg, UK Defence Locations: Ukraine, Kyiv, Europe

☆ Moldova leader decries vote meddling after slim majority backs joining the E.U.
▼ + stars: | 2024-10-21 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

Stoianoglo has said that, if elected, he would build a “balanced” foreign policy involving ties with the EU, the United States, Russia and China. In the run-up to Sunday’s referendum, polls had shown clear majority support for joining the EU. A “yes” result means a clause will be added to the constitution defining EU accession as a goal. The EU leapt to Sandu’s defence, saying Moldova had faced “really unprecedented intimidation and foreign interference by Russia and its proxies ahead of this vote”. The tight referendum result could put Sandu in a weaker position going into the second round since she has championed EU integration.

Persons: Maia Sandu, Sandu, Alexandr Stoianoglo, Stoianoglo, Daniel Mihailescu, ”, “, Ilan Shor, Sandu’s, Shor, Valeriu Pasha, — Organizations: EU, Getty, Kremlin, Sandu, Moldovan, ”, Facebook Locations: Soviet, Russia, United States, China, Moldovan, Chisinau, AFP, Ukraine, Transdniestria, Moldova, Moscow, Sunday’s

☆ Australian lawmaker Lidia Thorpe confronts King Charles: ‘You are not my king’
▼ + stars: | 2024-10-21 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +6 min

The interjection came as King Charles and Queen Camilla visited the Australian capital Canberra to meet the nation’s leaders, including Prime Minister Anthony Albanese. Australian Senator Lidia Thorpe stages a protest as Britain's King Charles and Queen Camilla attend a Parliamentary reception in Canberra, Australia on October 21, 2024. “Throughout my life, Australia’s First Nations people have done me the great honor of sharing so generously their stories and cultures,” King Charles said. Before she yelled at the King, Thorpe turned her back during a recital of “God Save the King,” Australian media reported. King Charles III and Queen Camilla take part in a tree planting at Government House in Yarralumla on October 21, 2024 in Canberra, Australia.

Persons: Australia CNN — Britain’s King Charles III, “, ”, Lidia Thorpe, King Charles, Queen Camilla, Anthony Albanese, Victoria Jones, Australia’s, ” King Charles said, King Charles III, Ngunnawal Elder, Serena Williams, Saeed Khan, Thorpe, Queen Elizabeth II, Dorinda Cox, Thorpe’s, Hephner, Brook Mitchell, Chloe Pailthorpe, Albanese, King, CNN’s Angus Watson Organizations: Australia CNN, Reuters, Nations, House, Defence, Fairbairn, Canberra Airport, British Crown, State, CNN, Greens, “, Australian Monarchist League, Getty, Agence France, Presse, Botanic, Sydney, Opera, Government Locations: Brisbane, Australia, Canberra, British, Commonwealth, Sydney, Yarralumla, AFP, Samoa

☆ A new anti-missile laser downed 100% of its targets while fighting multiple threats at once, UK defense officials say
▼ + stars: | 2024-10-21 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

The UK says a new anti-missile laser for its aircraft defeated 100% of its targets in a live test. AdvertisementThe UK Defense Ministry said on Sunday that it successfully tested a new air-defense system that tracks missiles midflight and jams them with a precision laser. A new air protection laser defeated 100% of threats during recent live-fire trials. The UK is likely to offer this new technology to its allies, with the ministry statement saying it would be available to "export customers." October 21, 2024: This story was updated to reflect a response from the UK Defense Ministry.

Persons: —, it's, It’s Organizations: Service, UK Defense Ministry, Leonardo, Thales, Royal Air Force, Business, RAF, — Ministry of Defence Locations: Sweden

☆ North Korea to send thousands of troops to aid Russian forces in Ukraine war, South Korea's spy agency says
▼ + stars: | 2024-10-18 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

North Korea is set to send thousands of troops to aid Russia in the Ukraine war, South Korea's spy agency has said. South Korea's National Intelligence Service made the announcement on Friday, Yonhap news agency reported. AdvertisementNorth Korea is set to send thousands of troops to aid Russia in its war in Ukraine, South Korea's spy agency has said, per Yonhap news agency. If confirmed, it would be the North's first major involvement in a war since the Korean War in 1950-1953. Business Insider has contacted South Korea's Ministry of National Defense, NATO, and the UK Ministry of Defence for comment.

Persons: —, Volodymyr Zelenskyy, We've, Zelenskyy, Pat Ryder, Ryder, Mark Rutte Organizations: Korea's National Intelligence Service, Korean, Service, Pentagon, NATO, Business, South Korea's Ministry of National Defense, UK Ministry of Defence Locations: Korea, Russia, Ukraine, South, North Korea

☆ Russia defense chief touts ‘common understanding’ with China in Beijing talks
▼ + stars: | 2024-10-16 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +4 min

Their task is to “strengthen and develop” their strategic partnership, the Russian defense chief added. Russia and China have been bolstering their security coordination in the face of shared frictions with the West. Belousov also held talks a day earlier with Chinese Defense Minister Dong Jun, who ranks below Zhang in China’s military hierarchy. Belousov’s arrival in Beijing Monday coincided with China’s military flying a record number of fighter jets and other warplanes around Taiwan during large-scale military drills. China said the drills were intended as a “stern warning” to what it described as pro-independence forces in Taiwan.

Persons: that’s, Andrey Belousov, Zhang Youxia, Xi Jinping, That’s, Zhang, Xi, Vladimir Putin, Belousov, Dong Jun, Andrei Belousov, Wang Yi, Putin, Lai Ching Organizations: Hong Kong CNN, US, China’s, Military Commission, Tass, China’s Defense Ministry, Chinese Defense, Russia's Defense, China's, Russian Defence Ministry, Reuters China’s Ministry of Foreign Affairs, Canadian Locations: China, Hong Kong, Beijing, Russia, Washington, Russian, Kazan, BRICS, Moscow, Ukraine, Ocean, Alaska –, South China, Taiwan

☆ Airbus plans to lay off up to 2,500 workers in its defense and space division
▼ + stars: | 2024-10-16 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

Airbus’ announcement comes against a backdrop of a global defense and space industry in flux, presenting both challenges and opportunities for companies. But large legacy defense firms like Airbus that should benefit from the boom in demand face stiff competition. Boeing said earlier this month that it would slash 10% of its global workforce over the coming months. The company’s own defense business posted a $913 million loss in the three months to the end of June. And in September, Ted Colbert, the head of the unit, called Defense, Space & Security, stepped down.

Persons: Mike Schoellhorn, —, ” Schoellhorn, Ted Colbert, Olesya Dmitracova Organizations: London CNN, Airbus, Boeing, Airbus Defence, Governments, Citi, Defense, Space & Security Locations: Ukraine, United States

☆ Airbus to cut up to 2,500 jobs in defense and space
▼ + stars: | 2024-10-16 | by ( ) www.cnbc.com time to read: +2 min

A logo sits on display outside the Airbus wing assembly factory in Broughton, U.K.Airbus announced plans on Wednesday to cut up to 2,500 jobs in its Defence and Space division, citing a "complex business environment" especially in loss-making satellites. It has been hit by 1.5 billion euros ($1.63 billion) of charges in space systems in recent quarters, led by the high-tech OneSat project, and delays and rising costs in defense. The job cuts, first reported by French news agency AFP, come on top of a more than year-long efficiency review in the defense and space business, code-named ATOM. Airbus has been drawing up specific turnaround plans for its struggling Space Systems business without waiting for the outcome of recent satellite consolidation talks that include Italy's Leonardo as well as France's Thales. Group CEO Guillaume Faury said earlier this year that Airbus was looking at opportunities to create scale in defense, space and particularly satellites where traditional players have been heavily disrupted by the success of new constellations.

Persons: Mike Schoellhorn, Italy's Leonardo, Guillaume Faury Organizations: Airbus, Defence, Space, AFP, Space Systems, Thales, Reuters Locations: Broughton, U.K, Germany, France, Britain, Spain, Ukraine, U.S

☆ Russia shot down one of its own rare combat drones to try to stop it falling into enemy hands: UK intel
▼ + stars: | 2024-10-15 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Russia lost one of its new S-70 Okhotnik (Hunter) drones earlier this month. The UK MOD said that Russia likely lost control and shot it down to prevent it falling into Ukrainian hands. AdvertisementA Russian heavy combat drone that crashed in Ukraine this month was shot down by Russia, likely to try to stop it from falling into Ukrainian hands, according to the UK's Ministry of Defence. On Tuesday, UK intelligence said that it's likely that Russia, having lost control of the drone, "took the decision to destroy the aircraft to avoid it falling into enemy hands." Russia's S-70 drone is seen taking off at an unidentified location in August 2019.

Persons: —, Russia's, Russia's Su, Samuel Bendett Organizations: MOD, Service, UK's Ministry of Defence, Washington D.C, Russian Defense Ministry Press Service, Institute for, Ukraine, NATO, Center for Naval Locations: Russia, Ukraine, Kostyantynivka, Ukraine's Donetsk, Russian

☆ Israel's interceptor missiles are under pressure as threats loom larger
▼ + stars: | 2024-10-15 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +5 min

Israel is facing an interceptor missile shortage, sources told the Financial Times. The head of an Israeli manufacturer of interceptor missiles said its production lines are working 24/7. Stroul also noted that the US is reaching a "tipping point," and may struggle to keep supplying Ukraine and Israel with interceptor missiles at the current pace. AdvertisementHe told Business Insider that he doubts Israel would fully exhaust its interceptor missile supply, and to approach the narrative of an Israeli interceptor missile shortage with caution. According to estimates, the Iron Dome's "Tamir" interceptor missiles cost about $50,000 each.

Persons: —, Dana Stroul, Stroul, Ehud Eilam, Israel, Boaz Levy, Levy, Wertman, Hassan Nasrallah, Tamir, Pat Ryder Organizations: Financial Times, Service, Israel's Ministry of Defence, Israel Defense Forces, NPR, Israel Aerospace Industries, University of South, US, Defense, Pentagon Locations: Israel, Iran, Ukraine, Tel Aviv, Gaza, Hezbollah, Lebanon, Yemen, University of South Wales

☆ North Korea sending citizens to help Russian military fight Ukraine, Zelensky says
▼ + stars: | 2024-10-14 | by ( Rob Picheta | ) edition.cnn.com time to read: +3 min

CNN —North Korea is sending its citizens to help Russia’s military fight Ukraine, Volodymyr Zelensky has said, increasing concerns about the alliance between Moscow and the secretive state. In his daily video message on Sunday, the Ukrainian president said: “We see an increasing alliance between Russia and regimes like North Korea. It is actually about transferring people from North Korea to the occupying military forces.”Zelensky’s allegation comes amid an increasingly friendly relationship between Moscow and Pyongyang. Russian President Vladimir Putin visited North Korea in June – the first visit of its kind for more than two decades – and Western observers have wondered how heavily North Korea has assisted Russia’s invasion of Ukraine. “We believe that the possibility of further deployment of regular troops is very high, as Russia and North Korea have entered a mutual agreement that is almost equivalent to a military alliance.

Persons: Volodymyr Zelensky, ”, Vladimir Putin, –, ” Zelensky, Dmitry Peskov, Kim Yong, hyun, “, Putin, Kim Jong Un Organizations: CNN, North, National Intelligence Service, Defence, Korean Locations: North Korea, Ukraine, Moscow, Russia, Pyongyang, Russian, Kyiv, Koreans

☆ Russia jails French researcher Vinatier for three years in ‘foreign agent’ case
▼ + stars: | 2024-10-14 | by ( ) edition.cnn.com time to read: +4 min

Moscow Reuters —French researcher Laurent Vinatier was found guilty by a Moscow court on Monday of breaking Russia’s “foreign agent” laws and sentenced to three years in prison. President Emmanuel Macron has denied that Vinatier worked for the French state and has described his arrest as part of a misinformation campaign by Moscow. “The legislation on ‘foreign agents’ contributes to a systematic violation of fundamental freedoms in Russia, such as freedom of association, freedom of opinion and freedom of expression,” France’s foreign ministry said. “French authorities remain fully mobilized to provide assistance (to Vinatier),” the ministry added. I lived a Russian life and still, even the last four months, I have been living in a Russian atmosphere,” he said, referring to the period since his arrest.

Persons: Laurent Vinatier, Vinatier, Alexander Pushkin, intently, RIA, Emmanuel Macron, “, ”, Pavel Durov Organizations: Moscow Reuters —, Soviet Union, Centre, Humanitarian, Reuters, Independent Locations: Moscow, Vinatier, Ukraine, Russia, Russian, State, France, Swiss

CNN —More than 60 people have been injured, several of them critically, in a drone attack in north-central Israel, according to first responders. Hezbollah said it had targeted the Golani Brigade, an infantry unit of the Israel Defense Forces (IDF) that has been deployed in southern Lebanon. The drone attack on Sunday comes two days after another attack in which the IDF said two drones were launched from Lebanon. The Emek Medical Center in northern Israel said it was treating four injured people. Beilinson Hospital said it was treating a further three and Bnei Zion Medical Center in Haifa also said it was treating three.

Persons: “, ”, Hassan Nasrallah, United Hatzalah, Israel, Sheba, Ramat Gan Organizations: CNN, Sunday, Lebanese Ministry of Health, Golani Brigade, Israel Defense Forces, ” CNN, Israel, IDF, Hillel Yaffe, Sheba Tel Hashomer Medical, Rambam, Emek Medical, Beilinson, Bnei Zion Medical Locations: Israel, Binyamina, Tel Aviv, Lebanese, The Lebanon, Lebanon, Herzliya, United, Ramat, Haifa

☆ Sanctions have put the production of Russia's most advanced stealth fighter in jeopardy, research group says
▼ + stars: | 2024-10-10 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +5 min

Western sanctions have impacted Russia's production of Su-57 fighter jets, according to a research group. AdvertisementWestern sanctions are threatening Russia's production of its prized Su-57 fighter jet, according to a research group. "It's clear that Russia's military industry heavily depends on Western components, particularly in electronics," it said, adding that sanctions have put Russia's Su-57 production "in jeopardy." "There's no question that Western sanctions are having an impact on Russia's ability to generate its most sophisticated military systems," Spurling told BI. Western sanctions and the war in Ukraine have damaged Russia's economy, but their exact impact is difficult to quantify.

Persons: —, Russia's Su, Bryden Spurling, Spurling, Su, Justin Bronk, Anders Åslund, Alexandra Prokopenko, Putin, Jay Zagorsky Organizations: Frontelligence, Telegraph, Service, EA, RAND Europe, NATO, UK Ministry of Defence, Royal United Services Institute, Project Syndicate, Carnegie, Carnegie Russia Eurasia Center, Financial, Boston University's Questrom School of Business Locations: Russia, Ukraine, Astrakhan, Swedish, Carnegie Russia

☆ Russia's mass advantage against Ukraine should start declining by 2025, war expert says
▼ + stars: | 2024-10-10 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

Russia is flooding Ukraine with men and equipment, but that should soon slow, analyst Michael Kofman said. Its high losses indicate its military is strained under its current level of aggression, he told the Intelligencer. AdvertisementRussia's numbers advantage against Ukraine is likely to start diminishing as soon as the end of this year, said US-based military analyst Michael Kofman. Russia's equipment can't last foreverKofman's first explanation is that Moscow has been replacing high equipment losses with Soviet-era weaponry, but even these reserve stocks can't last forever. "What it does mean is that the Russian military has increasingly been forced to adjust tactics to minimize their losses," he added.

Persons: Michael Kofman, Kofman doesn't, —, Intelligencer's Benjamin Hart, Kofman, it's, Hart, lim, Wes Organizations: Service, Kremlin, Carnegie Endowment, International, Soviet, UK Defense Ministry, Defence, adm, unc Locations: Russia, Ukraine, Kyiv, Moscow, Russian, Rus

☆ Ukraine approves 'historic' war tax hike to help cover defense spending
▼ + stars: | 2024-10-10 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +2 min

The new law will raise war tax from 1.5% to 5% for residents. It comes as Ukraine seeks to bolster its finances amid its ongoing war with Russia. AdvertisementUkraine's parliament approved a war tax increase on Thursday. The new law will raise a military tax on residents from 1.5% to 5% and see corporate tax on banks' profits climb to 50% for the year. In a post on X, Zelenskyy said the trio had focused on "Euro-Atlantic integration and the military reinforcement of Ukraine."

Persons: —, Yaroslav Zhelezniak, Volodymyr Zelenskyy, Yuriy Dzhygyr, Zelenskyy, Keir Starmer, Mark Rutte Organizations: Service, Verkhovna Rada's, Reuters, Russia, Defence Forces, Russian Federation, Ukraine, of, British, NATO Locations: Ukraine, Russia, Ukrainian, Ukraine's, London

☆ Russia is set to lose over 1,000 troops a day through the winter as it fights a war on three fronts: UK MOD
▼ + stars: | 2024-10-08 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Ukraine is set for another fierce winter as Russia is expected to keep up the pressure. It'll come at a cost for Moscow: Over 1,000 wounded or dead troops per day, the UK MOD said on Monday. British officials said Russia has likely suffered over 648,000 casualties since the war began. AdvertisementThe UK Defense Ministry expects Russia to lose 1,000 or more troops per day in the coming winter, saying Moscow will likely keep trying to overwhelm Ukraine in the next months despite difficult conditions. Russian troops took Vuhledar in early October after two years of fighting.

Persons: —, lon Organizations: Service, UK Defense Ministry, New York Times, Kremlin, Latest Defence, Defence, unc Locations: Ukraine, Russia, Moscow, May, Ukrainian

☆ UK PM Starmer's chief of staff quits after talk of in-fighting
▼ + stars: | 2024-10-07 | by ( ) www.cnbc.com time to read: +1 min

British Prime Minister Keir Starmer reacts as he meets with Defence Secretary John Healey and Member of the House of Lords George Robertson at 10 Downing Street on July 16, 2024 in London, England. British Prime Minister Keir Starmer's chief of staff Sue Gray resigned on Sunday following rumors about tensions within his team of advisers that cast a shadow over his government little more than three months after a landslide election victory. Starmer led the Labour Party to a sweeping victory in July, promising discipline and change after 14 years of Conservative Party rule. But his time in office has already been dogged by criticism of free gifts from wealthy donors that he and other Labour politicians received. Gray will take up a new post as Starmer's envoy for the regions and nations, the prime minister's office said.

Persons: Keir Starmer, John Healey, George Robertson, Keir Starmer's, Sue Gray, Gray, Starmer Organizations: British, Defence, Downing, Labour Party, Conservative Party, Labour Locations: London, England, British, Downing

Search resuls for: "Defence"

25 mentions found