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☆ Lockheed wins U.S. missile defense contract worth $17 billion, sources tell Reuters
▼ + stars: | 2024-04-15 | by ( ) www.cnbc.com time to read: +3 min

Lockheed Martin has been awarded a $17 billion contract to develop the next generation of interceptors that would guard the United States against an intercontinental ballistic missile attack, two industry sources briefed on the matter told Reuters. Both Lockheed and the Missile Defense Agency declined to comment. The sources did not indicate the length of the contract, but the first interceptor is expected to be operational in 2028. The NGI is currently in its technology development phase and will transition to its product development phase in May, according to written testimony submitted by the head of the Missile Defense Agency, Lieutenant General Heath Collins, last week. The United States then decided to restart the contract process to gather bids on designing the whole interceptor including the "kill vehicle."

Persons: Lockheed Martin, Walter E, General Heath Collins, Collins, Northrop Grumman Organizations: Lockheed, Astronautical, Washington Convention Center, Reuters, Army, Attack Reconnaissance Aircraft, U.S . Missile Defense Agency, Defense, Missile Defense Agency, Pentagon, Boeing Locations: Washington , DC, United States, North Korea, Iran, U.S

☆ North Korea tests missile, Seoul says, ahead of vote seen as gauge of support for hardline South Korean leader
▼ + stars: | 2024-04-01 | by ( Brad Lendon | ) edition.cnn.com time to read: +4 min

Seoul, South Korea CNN —North Korea test-fired a presumed intermediate-range ballistic missile on Tuesday, South Korean officials said, its latest military maneuver since leader Kim Jong Un’s New Year declaration that he was ending a policy seeking reconciliation with the South. Pyongyang’s shows of power included long-range artillery and multiple rocket launchers, which pose a threat to the South Korean capital Seoul and other key areas near the border. But Leif-Eric Easley, professor of international studies at Ewha Womans University in Seoul, said Tuesday’s suspected missile test by North Korea won’t have much effect on the vote. North Korean Foreign Minister Choe Son Hui last week quashed recent speculation that Kishida could meet with North Korea’s Kim. North Korea “will not allow any attempt of Japan to contact” Pyongyang, he said, according to KCNA.

Persons: Kim Jong, Yoon Suk Yeol, Kim, Yoon’s, Democratic Party –, Yoon, Leif, Eric Easley, ” Easley, Easley, Tuesday’s, Fumio Kishida, Joe Biden, Ferdinand Marcos Jr, Choe Son Hui, North Korea’s Kim, CNN’s Yoonjung Seo Organizations: South Korea CNN, North, South, Korean Central News Agency, CNN, Yoon’s People Power Party, Democratic Party, Ewha Womans University, Assembly, Korean, Philippine, North Korean Foreign, North Korea “ Locations: Seoul, South Korea, North Korea, Pyongyang, United States, North, Japan, Washington, China

International sanctions and UN investigations into North Korea’s illegal weapons program have previously been backed by Russia. North Korea has also gained a powerful backer at the UN which wields veto power. While UN sanctions prohibit arms transfers to or from North Korea, the Kim regime has become a big supplier of weapons to Putin’s war effort in Ukraine. The vote in the 15-member Security Council on Thursday was 13 in favor, Russia opposed and China abstaining. But as Russia holds veto power, the resolution to continue the panel of experts’ work failed.

Persons: Kim Jong Un, Vladimir Putin, Nebenzia, Kim, Barbara Woodward, “, ” Woodward, ”, Robert Wood, ” Wood Organizations: United Nations CNN, United Nations, Korean, UN, Security Council, CNN, North, Security, South Korea’s Foreign Locations: Russia, Pyongyang, Ukraine, United States, Moscow, Korea, Russian, North Korea, South, Korean, China, ”

Opinion SoleAuthority Forty-five feet underground in a command center near Omaha, there’s an encrypted communications line that goes directly to the American president. Buried below is a military command headquarters constructed in case of a missile attack amid a national emergency. Yet regardless of who wins this election, or the next one, the American president’s nuclear sole authority is a product of another era and must be revisited in our new nuclear age. The jet’s crew can contact the president, verify his or her identity and relay a nuclear attack order to bomber squadrons, submarines and intercontinental ballistic missile silos. It is, however, unacceptable for an American president to have the sole authority to launch a nuclear first strike without a requirement for consultation or consensus.

Persons: —, Anthony Cotton, Biden, Donald Trump, Harry Truman, Truman, Truman’s, Jake Sullivan, ” Mr, Sullivan, “, Richard Nixon, wasn’t, Trump, Henry Kissinger, Nixon, Mark Milley, Nancy Pelosi, Bob Woodward, Robert Costa, Kissinger, Milley, Robert Kehler, Stratcom, Kehler, we’ve, That’s Organizations: U.S . Strategic Command, North American Aerospace Defense Command, NORAD, Joint Chiefs, Staff, American, White House, Strategic Command, White, North, Democrats, Chiefs, Air Force, Senate, U.S ., United Locations: United States, Omaha, U.S, America, Hiroshima, Nagasaki, Soviet, North Korea, Trump’s

☆ South Korea and US begin large annual military drills with eye on North Korea
▼ + stars: | 2024-03-04 | by ( Brad Lendon | Gawon Bae | ) edition.cnn.com time to read: +2 min

Seoul, South Korea CNN —South Korea and the United States began their annual Freedom Shield joint military drills on Monday to bolster readiness against North Korea. The 11-day drills will integrate elements of “live exercises” with constructive simulations, according to United States Forces Korea (USFK) and South Korea’s Defense Ministry. North Korea has previously condemned US and South Korea joint military drills, but it has not yet made any official comment or response to the current exercises. In January, Kim called the South the North’s “primary foe and invariable principal enemy” and ordered a reunification monument in the North Korean capital to be demolished. Meanwhile, North Korea has fostered closer ties with Russia, providing Moscow with arms for its war in Ukraine.

Persons: Seoul’s, Lee Sung, jun, USFK, Kim Jong, Kim, ” Organizations: South Korea CNN, United States, North, United States Forces, Korea’s Defense Ministry, Chiefs, Staff, South, CNN North Korean Locations: Seoul, South Korea, North Korea, United States Forces Korea, Northeast Asia, Korea, Russia, Moscow, Ukraine, East Asia, United States

☆ North Korea Leader Kim: We Will Wipe Out Enemies if They Use Force -KCNA
▼ + stars: | 2024-02-08 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +2 min

Kim made the comments during a visit to the defence ministry on Thursday, rallying soldiers to uphold the ideology of the ruling Workers' Party and defend the country with their lives, KCNA news agency reported. "If enemies try to use force against our country, we will make the bold decision to change history and not hesitate to use all our super power to wipe them out," KCNA quoted him as saying. Kim repeated his vow to never hold dialogue or negotiations with South Korea, which he said was his country's "enemy No. 1," and said the policy of powerful military readiness was the only way to ensure peace and security for North Korea, KCNA said. North Korea has marked the foundation of its military on Feb. 8 and last year held a large military parade at midnight showcasing its largest intercontinental ballistic missiles.

Persons: Jack Kim SEOUL, Kim Jong Un, Kim, KCNA, Ae, Jack Kim, Chris Reese, Jamie Freed Organizations: Workers ' Party Locations: South Korea, North Korea, Seoul, Korea

SEOUL, South Korea (AP) — North Korea said Wednesday it conducted a test-firing of long-range cruise missiles with an aim to sharpen its counterattack and strategic strike capabilities, in its latest display of weapons threatening South Korea and Japan. The event extended a provocative streak in weapons testing as North Korea continues to raise pressure on the United States and its Asian allies amid a prolonged freeze in diplomacy. North Korea in recent years has been expanding its lineup of cruise missiles, which are designed to be fired from both land and naval assets. Political Cartoons View All 253 ImagesSince 2021, North Korea has conducted at least 11 rounds of tests of what it described as long-range cruise missiles fired from both land and sea. The North’s two previous tests of cruise missiles on Jan. 24 and Jan. 28 were of a new weapon called Pulhwasal-3-31, which is designed to be fired from submarines.

Persons: Kim Jong Un, Kim Organizations: North, Korean Central News Agency Locations: SEOUL, South Korea, North Korea, Korea, Japan, North Korean, United States, Guam, Russia

SEOUL, South Korea (AP) — South Korea’s military said Sunday that North Korea fired several cruise missiles that flew over waters near a major military shipyard on the country’s eastern coast, extending a streak in weapons tests that are worsening tensions with the United States, South Korea and Japan. The launches followed a separate round of North Korean cruise missile tests last week and a Jan. 14 test-firing of the country’s first solid-fuel intermediate-range ballistic missile. North Korea’s cruise missiles supplement the country’s huge lineup of ballistic missiles, including intercontinental ballistic missiles designed to reach the U.S. mainland. While North Korean cruise missile activities aren’t directly banned under U.N. sanctions, experts say those weapons potentially pose a serious threat to South Korea and Japan. Since 2021, North Korea has conducted at least 10 rounds of tests of what it described as long-range cruise missiles fired from both land and sea.

Persons: Kim Jong, Kim Organizations: South Korea’s, Chiefs, Staff, U.S Locations: SEOUL, South Korea, Korea, United States, Japan, Guam, South, Sinpo, North Korea

☆ Russia says its scientists created a new nuclear blast simulator with flash and mushroom cloud effects to train soldiers
▼ + stars: | 2024-01-26 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Russian nuclear missile rolls along Red Square during the military parade marking the 75th anniversary of Nazi defeat, on June 24, 2020 in Moscow, Russia. Photo by Mikhail Svetlov/Getty ImagesMoscow has the largest arsenal of nuclear weapons in the world, with nearly 5,900 warheads, according to a tally by the International Campaign to Abolish Nuclear Weapons. Tactical nuclear weapons have arisen as a point of debate and discussion during the fighting in Ukraine. Several weeks later, a Kremlin spokesperson said Moscow would use nuclear weapons if it felt like it faced an existential threat. At the time, the top United Nations official warned that nuclear war was back "within the realm of possibility."

Persons: —, Mikhail Svetlov, John Plumb, Tsar, TATYANA MAKEYEVA, Vladimir Putin, NSNW, Putin, Jens Stoltenberg, that's Organizations: Service, Business, Khrulev Military Academy of Logistics, Getty, International, Nuclear, Pentagon, Defense, Space, International Institute for Strategic Studies, Russia Strategic Initiative, US European Command, Tactical, NATO, Kremlin, United Nations Locations: Russian, Moscow, Russia, United States, Soviet, AFP, Ukraine, Belarus

SEOUL, South Korea (AP) — North Korea said Thursday it conducted its first flight test of a new cruise missile, as it expands its military capabilities in the face of deepening tensions with the United States and neighbors. North Korea’s cruise missiles are among its growing arsenal of weapons aimed at overwhelming missile defenses in South Korea and Japan. Since 2021, North Korea has conducted at least 10 rounds of tests of what it described as long-range cruise missiles fired from both land and sea. There are concerns that Kim could dial up pressure in an election year in the United States and South Korea. He accused South Korea of acting as “top-class stooges” of the Americans and repeated a threat that he would use his nukes to annihilate the South if provoked.

Persons: Kim, KCNA Organizations: Chiefs, Staff, Korean Central News Agency, The Associated Press, South, Analysts Locations: SEOUL, South Korea, North Korea, United States, Japan, Guam, North, South, Pyongyang, Korea, Washington, Asia, asia

☆ Russia’s Putin to visit North Korea soon, state media says
▼ + stars: | 2024-01-22 | by ( Brad Lendon | ) edition.cnn.com time to read: +3 min

Seoul, South Korea CNN —Russian President Vladimir Putin plans to visit Kim Jong Un soon, North Korean state media reported Sunday, the latest sign of increasing cooperation between the two authoritarian leaders as war rages in Ukraine and military tensions increase in East Asia. Putin thanked Kim for an invitation to visit Pyongyang and pledged to go there “at an early date,” the report from the Korean Central News Agency (KCNA) said. Kremlin spokesperson Dmitry Peskov said the dates for Putin’s visit to North Korea were still being discussed through diplomatic channels and would be announced later, Russian state-run news agency TASS reported. During that visit, Kim praised Russia for standing up to “hegemonic forces” with its war in Ukraine, while Putin signaled a willingness to assist North Korea in developing its space and satellite programs. According to the US Defense Department, Russia has twice in the past month fired North Korean-made missiles at targets in Ukraine.

Persons: Vladimir Putin, Kim Jong Un, Putin, Kim, Dmitry Peskov, Choe Son Hui, Sergey Lavrov, ” KCNA, Kim Jong, ” Organizations: South Korea CNN —, Korean Central News Agency, North Korean Foreign, Russian, TASS, CNN, North Korean, US Defense Department, South, US, People’s Assembly Locations: Seoul, South Korea, North Korean, Ukraine, East Asia, Pyongyang, North Korea, Russian, Moscow, Northeast Asia, Russia, Korea, United States

☆ After a rough run, North Korea could at last find itself 'sitting pretty' in the new year with both Russia and China courting it, Korea watcher says
▼ + stars: | 2024-01-16 | by ( Chris Panella | ) www.businessinsider.com time to read: +7 min

The result could be a very fortunate 2024 for North Korea, one in which Russia and China are both chasing after its attention. In that case, North Korea could be "sitting pretty," a top Korea watcher said last week. North Korea leader Kim Jong Un observes artillery fire competition in North Korea. North Korean military cadets hold a North Korean leader Kim Jong-Il's flag during a perform of the Arirang festival which is a part of commemorations marking the 60th anniversary of the Workers' Party of North Korea on October 6, 2005, in Pyongyang, North Korea. North Korea, on the other hand, has criticized, sometimes openly, China's disapproval of its testing of intercontinental ballistic missiles.

Persons: —, Donald Trump, Victor Cha, Cha, Kim Jong Un, Vladimir Putin, Kim, North, Kim Jong, SAUL LOEB, Chung Sung, there's, Xi Jinping, Xi, Donald Trump's, Trump, Putin, MIKHAIL METZEL Organizations: Service, Business, Democratic People's, Center for Strategic, International Studies, CSIS, The Capital, North, Trump, Asian Affairs, White, National Security Council, REUTERS, Metropole, Getty, White House, Putin, Korean, Workers ' Party of North, Vostochny Locations: Russia, Ukraine, North Korea, China, Korea, Democratic People's Republic of Korea, COVID, Asia, Hanoi, North, Korean, Workers ' Party of North Korea, Pyongyang, Beijing, Amur

☆ Explainer-Why Is North Korea Testing Hypersonic Missiles and How Do They Work?
▼ + stars: | 2024-01-15 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +4 min

The United States, China, Russia and other countries have also been developing hypersonic weapons in recent years. Intercontinental ballistic missiles (ICBMs), by contrast, carry nuclear warheads on ballistic trajectories that travel into space but never reach orbit. During a rare trip to Russia last September, Kim inspected Moscow's hypersonic missiles, among other weapons. "North Korea appears to be trying to develop hypersonic missiles and intermediate range ballistic missiles based on solid propellant rocket boosters," said Chang Young-keun, a professor at Korea Aerospace University. "In particular, mid- to long-range hypersonic missiles would be useful for striking Guam while evading the U.S. missile defence system."

Persons: Shin, Vladimir Putin, Kim Jong Un, Sunday's, Kim, Chang Young, Hyonhee Shin, Ed Davies, Jamie Freed Organizations: Korean, Intercontinental, WHO, THE, United, Workers, Party, Korea Aerospace University, U.S Locations: Shin SEOUL, North Korea, United States, China, Russia, Korean, Moscow, Seoul, Korea

☆ What to know about North Korea's spy satellite launch
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +6 min

WHAT ARE THE CAPABILITIES OF NORTH KOREA'S ON-ORBIT SPY SATELLITE? To launch a more-capable satellite, North Korea will most likely need to develop a larger rocket, which it appears to be doing, he said. South Korea's spy agency has said North Korea may have overcome technical hurdles with the help of Russia, which in September publicly pledged to help Pyongyang build satellites. The United States and its allies called North Korea's latest satellite tests clear violations of United Nations Security Council resolutions, which prohibit development of technology applicable to North Korea's ballistic missile programs. "North Korea is no longer shy about testing ICBMs, so no - this really is an SLV," he said.

Persons: Jonathan McDowell, Hong Min, Kim Jong Un, Vann Van Diepen, Van Diepen, Jeffrey Lewis, Chang Young, Lee Choon, Pyongyang’s, Lewis, Hyun Young Yi, Hyonhee Shin, Josh Smith, Angus MacSwan Organizations: Reuters, KCNA, REUTERS Acquire, Rights, Harvard – Smithsonian Center for Astrophysics, U.S . Space Force, Korea Institute for National Unification, Stimson, North, Middlebury Institute of International Studies, Korea Aerospace University, South Korea's Science, Technology Policy, United Nations, Thomson Locations: North Gyeongsang Province, North Korea, Rights SEOUL, North, Korea, Pyongyang, U.S, Washington, South Korea, RUSSIA, Russia, Moscow, United States

☆ Eyeing North Korea, Tokyo holds first missile evacuation drill in years
▼ + stars: | 2023-11-06 | by ( Francis Tang | ) www.reuters.com time to read: +2 min

TOKYO, Nov 6 (Reuters) - Tokyo residents dashed for cover inside a train station on Monday as part of the first missile evacuation drill in the capital for years as Japan frets over the growing threat from nearby North Korea. Japan has held more than a dozen such drills nationwide this year, though Monday's drill was the first in Tokyo since 2018. The participants, wearing bibs, were divided into groups at a train station and a park. When the test missile alert was sounded, police and disaster prevention officials with loudspeakers hurried the groups to designated shelter areas where they crouched down with their hands over their heads. A few dozen anti-war demonstrators gathered in front of the train station where the drill took place, chanting and holding signs that read "Missile drill is preparation for war" and "Diplomatic dialogue instead of missile drills".

Persons: Mutsumi Takahashi, Takahashi, Francis Tang, John Geddie, Gareth Jones Organizations: Thomson Locations: TOKYO, Tokyo, Japan, North Korea, Nerima, United States

Jeon Ha Gyu, a spokesperson for the South Korean Defense Ministry, told reporters Monday that the country’s first military spy satellite will be launched from California’s Vandenberg Air Force Base on Nov. 30. Under a contract with SpaceX, South Korea plans to launch four more spy satellites by 2025, according to South Korea’s Defense Acquisition Program Administration. South Korea currently has no military reconnaissance satellites of its own and relies on U.S. spy satellites to monitor moves by North Korea. South Korea’s spy agency told lawmakers last week that North Korea is likely receiving Russian technological assistance on a spy satellite launch program. The possession of spy satellites is part of ambitious arms build-up plans announced by leader Kim Jong Un in 2021.

Persons: Jeon Ha, Lee Choon Geun, Lee, it’s, Vandenberg, Kim Jong Un, Kim Organizations: South Korean Defense Ministry, California’s Vandenberg Air Force Base, SpaceX’s, SpaceX, South, Korea’s, Administration, North, South Korea’s Science, Technology Policy Institute, National Intelligence Service Locations: SEOUL, South Korea, North Korea, U.S, Korean, Korea, Russia, Ukraine

☆ Russia Pulled Out of a Nuclear Test Ban Treaty. Here’s What That Means.
▼ + stars: | 2023-11-02 | by ( Neil Macfarquhar | More About Neil Macfarquhar | ) www.nytimes.com time to read: +2 min

But it leaves only one significant nuclear weapons pact between Russia and the United States in place: the New START treaty. The Comprehensive Nuclear-Test-Ban Treaty, or CTBT, was an attempt under the umbrella of the United Nations to ban all nuclear tests. Adopted in 1996, it never came into effect because not enough key countries, including the United States, have ratified it. The New START is now the only nuclear weapons deal between the United States and Russia. Although Mr. Putin announced last February that Russia was suspending its participation, Russia has thus far stuck to the treaty limits.

Persons: Russia’s, Mr, Putin, Siberia — Organizations: United Locations: United States, Russia, Ban, United Nations, Washington, Ukraine, Europe, Siberia, Moscow

☆ Putin's new nuclear-powered cruise missile, one of his so-called 'super weapons,' is unnecessary but not totally useless, nuclear weapons expert says
▼ + stars: | 2023-10-22 | by ( Chris Panella | ) www.businessinsider.com time to read: +9 min

If it works, the weapon's utility is debatable, and a nuclear weapons expert said it's likely for political show. The weapon isn't much of an addition beyond the nuclear strike options Russia already has in its arsenal, a nuclear weapons expert told Insider. Will it have "the ability to bypass interception lines" and be "invulnerable to all existing and future missile defense and air defense systems" as he has claimed? The missile, essentially a very-long range cruise missile, can't be intercepted by missile defense systems that are designed to counter ICBMs, meaning it could theoretically penetrate key enemy air defenses to strike its target. The agreement was designed to limit the use anti-ballistic missile systems intended to defend against nuclear attacks.

Persons: Putin, it's, —, Vladimir Putin, Pavel Podvig, Podvig, haven't, George W, Bush, Sergei Karpukhin Organizations: Service, RIA Novosti, Ministry of Defense, Russian, Russian Navy, US, Technology, Ballistic, National Missile Defense, Putin Locations: Russia, Moscow, Russian, Sochi, Ukraine, Avdiivka, Crimea

☆ China’s Military Is Making Risky Moves and Adding Nuclear Warheads, U.S. Says
▼ + stars: | 2023-10-19 | by ( Chris Buckley | More About Chris Buckley | ) www.nytimes.com time to read: +3 min

Risky ManeuversSince the fall of 2021, the Pentagon report says, the United States has recorded more than 180 intercepts of U.S. aircraft by Chinese military forces in the region. Beijing has long bristled at the U.S. military aircraft and ships that operate in international skies and seas near China. Beijing did not immediately comment on the Pentagon report. The most eye-catching evidence of China’s nuclear buildup in recent years has been three clusters of missile silos that have been dug out of the deserts of northern China. The Pentagon report found that construction of the silos had been completed by last year and that “at least some” intercontinental ballistic missiles had been installed in them.

Persons: Xi Jinping, Xi Organizations: Pentagon, U.S, People’s Liberation Army Locations: United States, Beijing, China . China, China, Canada, U.S, Chinese, Taiwan, Russia

☆ North Korea accuses US of stoking tension with 'nuclear supremacy'
▼ + stars: | 2023-10-16 | by ( Hyonhee Shin | ) www.reuters.com time to read: +2 min

Residents hold US and North Korean flags while they wait for motorcade of North Korea's leader Kim Jong Un en route to the Metropole Hotel for the second US- North Korea summit in Hanoi, Vietnam February 28, 2019. REUTERS/Kham/File Photo Acquire Licensing RightsSEOUL, Oct 17 (Reuters) - North Korea's nuclear programme is a self-defensive move to head off a nuclear war in the face of the U.S. pursuit of "nuclear supremacy," state media KCNA said on Tuesday. The comments come as nuclear-armed North Korea has raised alarm in the region with regular launches of missiles, including intercontinental ballistic missiles that can strike the continental United States. "The reality urgently requires the DPRK, which is standing in confrontation with the U.S. imperialism, the most aggressive nuclear war criminal force, to bolster up its self-defensive military capabilities for deterring a nuclear war," Kim said. DPRK, the Democratic People's Republic of Korea, is North Korea's official name.

Persons: Kim Jong, KCNA, Kim Kwang Myong, Kim, Washington, Kim Tong Myong, nukes, Hyonhee Shin, Sonali Paul Organizations: Metropole Hotel, REUTERS, Rights, Foreign Ministry's Institute for Disarmament, Peace, U.S, Strategic, North, DPRK, Democratic People's, Society for International Politics, Thomson Locations: North Korea, Hanoi, Vietnam, Rights SEOUL, U.S, United States, Russia, China, Democratic People's Republic of Korea, North, Europe

☆ North Korea Accuses US of Stoking Tension With 'Nuclear Supremacy'
▼ + stars: | 2023-10-16 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

By Hyonhee ShinSEOUL (Reuters) - North Korea's nuclear programme is a self-defensive move to head off a nuclear war in the face of the U.S. pursuit of "nuclear supremacy," state media KCNA said on Tuesday. The comments come as nuclear-armed North Korea has raised alarm in the region with regular launches of missiles, including intercontinental ballistic missiles that can strike the continental United States. "The U.S., the world's biggest nuclear weapons state and the world's first nuclear user which adopted the preemptive nuclear attack on other countries as its national policy, is talking about 'nuclear threat' from someone. "The reality urgently requires the DPRK, which is standing in confrontation with the U.S. imperialism, the most aggressive nuclear war criminal force, to bolster up its self-defensive military capabilities for deterring a nuclear war," Kim said. DPRK, the Democratic People's Republic of Korea, is North Korea's official name.

Persons: Shin, KCNA, Kim Kwang Myong, Kim, Washington, Kim Tong Myong, nukes, Hyonhee Shin, Sonali Paul Organizations: Foreign Ministry's Institute for Disarmament, Peace, U.S, Strategic, North, DPRK, Democratic People's, Society for International Politics Locations: Shin SEOUL, U.S, North Korea, United States, Russia, China, Democratic People's Republic of Korea, North, Europe

☆ It’s official: The era of China’s global dominance is over
▼ + stars: | 2023-10-15 | by ( Linette Lopez | ) www.businessinsider.com time to read: +19 min

We've reached the end of an era for the Chinese economy. Unless dramatic action is taken, the future of China's economy is looking less like a young dynamo and more like an old, slow-moving blob. A faltering Chinese economy will suppress demand for commodities like oil seeds and grain, hitting US farmers especially hard. For the US economy, China as a workshop is much more important than China as a consumer. Now that China's economic supercycle is over, that may be the cycle we're about to witness.

Persons: We've, Xi Jinping, Lee Miller, it's, Xi's, —, Xu Jiayin, Charlene Chu, Chu, Chu —, Victor Shih, Shih, that's, they're, Jinping, Zhang, Miller, It's, they'll, Chinese Communist Party that's, Anne Stevenson, Yang, isn't, Stevenson, Linette Lopez Organizations: Chinese Communist Party, CCP, Trust, Autonomous Research, Bloomberg, Autonomous, Century China Center, University of California, J Capital Research, Japan, Nike, Starbucks, Companies Locations: China, Beijing, Cities, Shanghai, It's, Shenyang, metropolises, Shenzhen, Europe, Wall, —, University of California San Diego, Middle Kingdom, Mexico, Vietnam, New York City, United States

☆ The Great China Boom is going bust
▼ + stars: | 2023-10-15 | by ( Linette Lopez | ) www.businessinsider.com time to read: +18 min

Unless dramatic action is taken, the future of China's economy is looking less like a young dynamo and more like an old, slow-moving blob. AdvertisementAdvertisementChinese President Xi Jinping has shifted the country's priorities from economic growth to a "technology and national-security race with the US." A faltering Chinese economy will suppress demand for commodities like oil seeds and grain, hitting US farmers especially hard. For the US economy, China as a workshop is much more important than China as a consumer. Now that China's economic supercycle is over, that may be the cycle we're about to witness.

Persons: We've, Xi Jinping, Lee Miller, it's, Xi's, —, Xu Jiayin, Charlene Chu, Chu, Chu —, Victor Shih, Shih, that's, they're, Zhang, Beijing's largess, Miller, It's, they'll, Chinese Communist Party that's, Anne Stevenson, Yang, isn't, Stevenson, Linette Lopez Organizations: Chinese Communist Party, CCP, Trust, Autonomous Research, Bloomberg, Autonomous, Century China Center, University of California, J Capital Research, Japan, Nike, Starbucks, WSJ, China, Companies Locations: China, Beijing, Cities, Shanghai, It's, Shenyang, metropolises, Shenzhen, Europe, Wall, —, University of California San Diego, Middle Kingdom, Mexico, Vietnam, New York City

☆ A hedge-fund manager who's up 50% this year almost entirely without help from the 'Magnificent 7' shares 3 stocks he's betting on for continued outperformance — and his leverage strategy for amplifyin
▼ + stars: | 2023-10-11 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

He said he's liked management's capital allocation as it's continued to grow through acquisitions, and that the firm has fundamental tailwinds. Leverage and risk managementLike hedge funds do, Tomicki relies on leverage, or borrowed money that he then invests, to amplify his returns. He said for every $1 of investor capital he receives, he's long by $3 per stock, meaning returns are multiplied by three. To further lessen his overall portfolio risk, Tomicki said he runs the 200-plus stocks that satisfy his three selection criteria through a quantitative model. However, Goldman Sachs strategists recently said the seven stocks look cheap and could continue to surge.

Persons: that's, Lukasz, Northrop, Tomicki, RLI, there's, Northrop Grumman, Northrup, they've, he's, Russell, outperformance, Goldman Sachs Organizations: Apple, Microsoft, Nvidia —, Northrop Grumman, EMCOR, Air Force, Intercontinental, Missiles Locations: Williams, Sonoma, America

CNN —Russian President Vladimir Putin has announced that Russia has successfully carried out a test of a new generation of nuclear-powered cruise missile. State news agency RIA Novosti quoted Putin as saying the “last successful test of the Burevestnik, a global-range cruise missile with a nuclear installation, a nuclear propulsion system, has been conducted.”Putin was speaking at the Valdai Forum in Sochi. The program to develop the Burevestnik was announced by Putin in March 2018 as part of a broader initiative to develop a new generation of intercontinental and hypersonic missiles. Among them were the Kinzhal ballistic missile and the Avangard hypersonic glide vehicle. “It is a low-flying stealth missile carrying a nuclear warhead, with almost unlimited range, unpredictable trajectory and ability to bypass interception boundaries,” Putin said then.

Persons: Vladimir Putin, Novosti, Putin, ” Putin, Alexei Leonkov Organizations: CNN, Federal Assembly, Nuclear Threat Initiative, Intercontinental Ballistic Missiles Locations: Russia, Sochi, U.S

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