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☆ Stock Market Today: Bond Selloff Weighs on Dow Futures; Intel, Apple Stocks in Focus
▼ + stars: | 2023-10-04 | by ( ) www.wsj.com time to read: +1 min

The yield on the 30-year U.S. Treasury note briefly breached 5%, while the 10-year equivalent hovered below 4.8%—its highest level since August 2007. Germany's 10-year Bund yield briefly touched 3%, for the first time in 12 years. Contracts tied to the S&P 500, the Dow industrials and Nasdaq-100 each edged up about 0.1%. West Texas Intermediate, the U.S. benchmark, fell below $88 a barrel. Brent crude, the international benchmark, traded below $90.

Persons: Brent, Kospi Organizations: Treasury, Bund, Dow, Nasdaq, West Texas Intermediate, Nikkei Locations: U.S

☆ Here's why Jim Cramer still prefers to own shares of AI powerhouse Nvidia over Intel
▼ + stars: | 2023-10-04 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +1 min

Nvidia 's (NVDA) investment prospects still shine brighter than Intel 's (INTC), CNBC's Jim Cramer said Wednesday, even as the latter embarks on another deal perceived as being shareholder-friendly. Intel used a similar strategy to take public its self-driving car technology unit, Mobileye (MBLY), in October 2022. If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free. Cramer said he prefers to continue owning Nvidia over Intel. "I like Nvidia, and Nvidia is no financial engineering," said Cramer, whose Charitable Trust, the portfolio used by the CNBC Investing Club, has long owned Nvidia stock.

Persons: CNBC's Jim Cramer, what's, Cramer, Pat Gelsinger, Jim Cramer's Organizations: Nvidia, Intel, Charitable Trust, CNBC

☆ Stocks making the biggest moves premarket: Cal-Maine Foods, Intel, Apple & more
▼ + stars: | 2023-10-04 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Intel — Shares popped 2.5% after the chipmaker announced it would be operating its programmable chip unit as a standalone business complete. Intel plans to conduct an initial public offering for the unit within the next two to three years. The firm is bullish on the stock thanks to progress on legacy projects and said Fluor is on the brink of a company turning point. Sunrun , Sunnova Energy International — Shares of Sunrun and Sunnova dropped 3% and 2.8%, respectively, after Truist Securities downgraded the solar panel installers to hold from buy on Wednesday. Cal-Maine Foods — The stock plunged 11.6% after the company came out with disappointing sales figures due to lower prices.

Persons: Fluor, Sunnova, Moderna, StreetAccount, — CNBC's Brian Evans, Lisa Han Organizations: Intel, UBS, Apple, Sunnova Energy, Truist Securities, Moderna, pharma, Bank of America, Novartis —, Swiss drugmaker, Sandoz, SIX Swiss Exchange, Maine Foods, Revenue Locations: United States, Israel, Swiss, Cal

☆ Stocks making the biggest moves midday: Sunnova Energy, Cal-Maine Foods, Marathon Petroleum and more
▼ + stars: | 2023-10-04 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Check out the companies making headlines in midday trading. Carnival — Cruise line stocks rose as a group during midday trading. Sunnova Energy , Sunrun — Sunnova Energy added 2.2%, while Sunrun declined 1.1% after Truist downgraded the solar stocks to hold from buy ratings, citing near-term concerns from elevated interest rates. Cal-Maine Foods — Shares slipped 7.3% after the egg producer provided a weak earnings report, citing a dynamic market environment. Energy stocks — Energy stocks fell as a group during midday trading Wednesday as oil prices slid more than $3 a barrel.

Persons: Truist, Insulet, Wayde McMillan, Phillips, —, Alex Harring, Samantha Subin Organizations: Fluor Corporation, UBS, Cruise, Royal Caribbean, Sunnova Energy, Energy, Cal, Maine, FactSet, Intel, — Energy, Marathon Petroleum Locations: Fluor, Insulet

☆ Russia really did shoot down one of its own prized Su-35 fighter jets by mistake, UK intel says
▼ + stars: | 2023-10-04 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +2 min

Russia shot down one of its own Su-35 fighter jets, UK intelligence said Wednesday. AdvertisementAdvertisementRussia shot down one of its own Su-35 fighter jets in a recent friendly-fire incident, UK intelligence suggested. The incident took place on Setpember 28 near Tokmak, a city in occupied Ukraine near the front lines in the Zaproizhzhia region, the UK update said. AdvertisementAdvertisementTokmak, is some 12 miles from the front, and a Russian base there would be bristling with heavy air-defense, the UK update said. Russia's air force has lost around 90 planes since the start of the war in Ukraine, UK intelligence said last week.

Persons: —, Andrii Tsaplienko Organizations: Service, British Ministry of Defence, Russian Defense Ministry Locations: Russia, Tokmak, Ukraine, Zaproizhzhia, Russian, Ukrainian

☆ Here's what Kevin McCarthy is losing after Matt Gaetz knocked him out of the Speaker's chair
▼ + stars: | 2023-10-04 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

Rep. Kevin McCarthy was ousted as speaker of the House on Tuesday in a historic vote. In addition to the title, McCarthy will lose his higher salary and large Capitol Hill office. With McCarthy out as speaker, he'll no longer have access to those White House intelligence briefings. The speaker's office is a large, elaborately adorned suite located near the center of the main Capitol building. AdvertisementAdvertisementMcCarthy moved into the speaker's office at the beginning of this year before he actually had the votes to get elected speaker, prompting Gaetz to accuse him of "squatting."

Persons: Kevin McCarthy, McCarthy, —, Kevin McCarthy's, Matt Gaetz, Patrick McHenry, Gaetz Organizations: Service, California Republican, House Republicans, intel, Senate, White, Capitol Locations: California

☆ Amazon dominated the first cloud era. The AI boom has kicked off Cloud 2.0, and the company doesn't have a head start this time.
▼ + stars: | 2023-10-04 | by ( Alistair Barr | ) www.businessinsider.com time to read: +11 min

There's a new stack of hardware, software, tools, and services that will power AI applications for years to come. Cloud 2.0Another key point here: Most AI developers already know how to use CUDA and Nvidia GPUs. Arguably, Nvidia has already created an AI cloud platform – as AWS once did for the Cloud 1.0 era. James Hamilton is an AWS cloud infrastructure genius who can take on Nvidia, even if the chipmaker has a major head start. Her startup spent months building a data center from scratch to help customers train AI models.

Persons: —, Jensen Huang, Nvidia Rick Wilking, Andrew Ng, CUDA, Michael Douglas, Bernstein, Douglas, Luis Ceze, Ceze, It's, Andy Jassy, Adam Selipsky, James Hamilton, Oren Etzioni, Claude, Dario Amodei, Anthropic Anthropic, Noah Berger, Sharon Zhou, Zhou, Lamini didn't, Etzioni Organizations: Amazon Web Services, Nvidia, Service, Home Depot, AWS, VMware, Cloud, Madrona Venture, Amazon, Amazon Web, Annapurna Labs, Intel, AMD Locations: San Francisco, Seattle, Selipsky

A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken March 6, 2023. Programmable chips sit between Intel's general purpose chips and chips that are designed for a single task and used in everything from encrypting data to 5G wireless telecommunications equipment. Intel said Sandra Rivera, an Intel veteran, will oversee the new unit, which will keep using Intel's factory to make its chips. Programmable chips are used in defense applications such as fighter jets. The deal follows Intel's earlier moves to sell its memory chip unit to SK Hynix and take public part of its Mobileye self-driving car chip unit.

Persons: Dado Ruvic, Sandra Rivera, Rivera, Pat Gelsinger's, Michael Ashley Schulman, Stephen Nellis, Samrhitha, Shilpi Majumdar, David Gregorio 私たち Organizations: REUTERS, Intel, Nvidia, Devices, SK Hynix, Taiwan Semiconductor Manufacturing, Running, Capital Advisors Locations: Taiwan, North America, San Francisco, Bengaluru

☆ Intel plans to IPO programmable chip unit within three years; stock rises after hours
▼ + stars: | 2023-10-03 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Intel said it will treat its programmable chip unit as as a standalone business, with an aim to spin it out through an IPO in the next two to three years. Intel's Programmable Solutions Group will have its own balance sheet as it heads toward independence. The move also highlights the strong demand in the semiconductor industry for field programmable gate arrays, or FPGAs. Intel's FPGAs are sold under the Agilex brand. Intel doesn't break out PSG sales yet, but said in July that the unit had three record quarters in a row, offsetting a slump in server chip sales.

Persons: Pat Gelsinger, Sandra Rivera, Patrick Gelsinger, Gelsinger Organizations: Intel Corporation, Senate Commerce, Science, Innovation, Russell, Intel, Programmable Solutions, Center, PSG, Taiwan Semiconductor Manufacturing, Lattice Semiconductor, AMD, Intel's Data Locations: Mobileye

☆ Intel to operate its Programmable Solutions Group as standalone business
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: 1 min

Technology category · October 3, 2023 · 8:51 AM UTCChina's ByteDance is buying back shares from U.S. employees in a deal that values the TikTok parent company at $223.5 billion, about 26% lower than a valuation a year earlier, a source familiar with the matter told Reuters on Monday.

Organizations: Reuters

☆ Putin will not 'make concessions' as Russia appears to be preparing for 'multiple further years' of war in Ukraine, international affairs expert says
▼ + stars: | 2023-10-03 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

This suggests that Moscow is preparing for the war in Ukraine to carry on for years. Observers believe that Russia is hoping Western support for Ukraine will wane. She said that the Russian president was "waiting it out" in the hope that Western support of Ukraine would waver. He has also been unclear about how much he would support Ukraine. "If Trump is reelected, Putin has reason to believe that he could strike a much better deal on Ukraine."

Persons: —, Sergei Shoigu, Shoigu, Nina Khrushcheva, Putin, He's, he's, Donald Trump, Trump, Michael McFaul, Barack Obama, Vladimir Putin Organizations: intel, Observers, Service, UK Ministry of Defence, Russia's Finance Ministry, Ministry of Defence, Russian Defence, Armed Forces, International Affairs, The New School, BBC, Republican Locations: Russia, Moscow, Ukraine, New York City

☆ The Rise and Fall of SBF
▼ + stars: | 2023-10-02 | by ( Andy Kessler | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week's best and worst from Kim Strassel, Bill McGurn and Dan Henninger. Images: AP/AFP/Getty Images Composite: Mark KellyI first got to know author Michael Lewis, then of “Liar’s Poker” fame, when in the mid-1990s I took him around Silicon Valley in an old beat-up convertible. I told stories and showed him where the first integrated circuit and microprocessor were invented, plus Xerox Parc and its beanbag chairs, Hewlett Packard and Intel. As we drove around, I shared my history with entrepreneur Jim Clark, his time at Silicon Graphics and early days with Netscape, and of the venture capitalist Glenn Mueller, who committed suicide after being denied access to invest.

Persons: Kim Strassel, Bill McGurn, Dan Henninger, Mark Kelly, Michael Lewis, “, Hewlett, Jim Clark, Glenn Mueller Organizations: Getty, Xerox Parc, Hewlett Packard, Intel, Silicon Graphics, Netscape Locations: Silicon

The ramifications for global markets are significant, with Washington and Beijing's determination to loosen dependence on each other fraying long-established supply chains. Many central banks target 2% inflation; market gauges of traders' long-term U.S. and European inflation expectations are running higher , . Anna Rosenberg, head of geopolitics at the Amundi Investment Institute, said Sino-U.S. tensions, provide a "new lens" through which to analyse emerging markets' growth prospects. But the performance of big U.S. tech stocks and global share indices are vulnerable to signs of Chinese retaliation. With China underperforming global stocks, investors are split on how to approach this market.

Persons: Dado Ruvic, Joe Biden, Goldman Sachs, Wouter Sturkenboom, Laura Alfaro, Anna Rosenberg, Christopher Rossbach, J, Stern, Carole Madjo, Wendy Liu, Baird, Patrick Spencer, Naomi Rovnick, Kripa Jayaram, Riddhima, Vineet, Sumanta Sen, Pasit, Louise Heavens Organizations: REUTERS, EMEA, APAC, Northern Trust, Reuters, Research, Harvard Business, Amundi Investment Institute, INDIA RUSH, Barclays reckons, EU, Apple, China, Barclays, JPMorgan, Thomson Locations: West, China, Washington, Western, Germany, Northern, Europe, FRIENDSHORING Washington, Vietnam, Mexico, Mongolia, Philippines, Sino, U.S, India, Beijing, COVID, CHINA

"I'm very, very lucky because I wouldn't have had the courage to go and do that acquisition, but I give all the credit in the world to Dave Clark," Petersen said. "There's a perfect complement of skill sets," Petersen told Forbes in June 2022. Petersen told Clark he should engage with Shopify's team, according to a person with direct knowledge of the negotiations. Clark, Petersen and Wagers met in Texas in mid-August to fine-tune the forecasts. Flexport told CNBC that an employee's politics are not relevant in personnel decisions.

Persons: Dave Clark, Ryan Petersen, he'd, Petersen, Clark, excoriated Clark, we've, Clark wasn't, Jeff Bezos, It's, Flexport, Clark overspent, Flexport's, He'd, Sanne Manders, Dave, Shopify, Tobias Lutke, Lutke, Shopify's, glanced, didn't, Fund's Trae Stephens, Michael Ronen, SoftBank, Andreessen Horowitz, Bob Swan, Samyukta Lakshmi, Kenny, Stuart Leung, pare, Leung, —, Lindsey Wasson, Clark's, Stephens, Peter Thiel, Trump's, Petersen's, Sen, Joe Manchin, Chris Ferro, Ferro, Parisa Sadrzadeh, couldn't, Amazon, Sadrzadeh, Burak Yolga, Yolga, Nelly Organizations: North, Amazon, Twitter, CNBC, UPS, FedEx, Milken Institute Global Conference, Bloomberg, Getty, Forbes, Deliverr, Shopify's, Anduril Industries, Intel, Intel Corp, U.S ., Clark, Republican, Founders Fund, Democratic, Street Journal, Flexport Locations: Phoenix, Silicon, Clark, Beverly Hills , California, U.S, Flexport, Deliverr, Miami, Flexport's Bellevue , Washington, Bengaluru, India, Flexport's, Asia, U.S . West Coast, Texas, Ohio, Arizona, Thiel's, West Virginia, Seattle, integrations

☆ Russia is highly likely using an amphibious plane from the 1960s to hunt for a new threat to its Black Sea Fleet, Western intel says
▼ + stars: | 2023-10-02 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Ukraine has battered Russia's Black Sea Fleet with cruise missile strikes and sea drone attacks. To deal with the new sea drone threat, Russia is increasing its maritime air patrol operations. AdvertisementAdvertisementRussia is highly likely relying on a decades-old amphibious plane to seek out a dangerous Ukrainian threat to its Black Sea Fleet, according to Western intelligence. This includes cruise missile strikes on a key shipyard and the fleet's headquarters and attacks with uncrewed surface vessels (USVs) — or sea drones — on Russian ships. It remains to be seen if the Be-12 makes a difference in curbing the threat of Ukraine's sea drones.

Persons: —, Michal Fludra, sonobuoys Organizations: Fleet, Service, Kyiv, Black, Sig, Naval Aviation, Aviation, Getty, Kacha Air Base Locations: Ukraine, Russia, Crimean, Kyiv, Novorossiysk, Russian, Kerch, Moscow, Crimea, Kaliningrad, Soviet, Sevastopol, Black

☆ Stock market bulls are hopeful that earnings will be a welcome distraction
▼ + stars: | 2023-10-02 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

After September lived up to its reputation as the worst month of the year, bulls are hopeful earnings will prove a welcome distraction for a stock market mired in weak seasonal trends and rising interest rates. "Net net, the earnings estimates for these early reporters are going up, and that is a positive sign for earnings season," Earnings Scout founder and CEO Nick Raich from told me. Valuations are coming down but are still high The forward multiple for the S & P 500 (Q4 2023, and Q1-Q3 for 2024) is 17.9. For example, industrials have seen a significant decline in earnings estimates due to very large estimate declines for Boeing. Bulls hopeful earnings will prove a welcome distraction The expectations for rising earnings has many hopeful that it will help get stocks out of their recent rut due to rising interest rates.

Persons: Nick Raich, John Butters, Nicholas Colas, Raich Organizations: JPMorgan, FedEx, Oracle, Darden, Costco, Pepsi, General Motors, Ford, Netflix, NVIDIA, Apple, Intel, Boeing, Southwest Airlines, American Airlines, United Parcel Service Locations: AutoZone, Horton

☆ Samsung to manufacture chips from AI chip startup Tenstorrent
▼ + stars: | 2023-10-02 | by ( Max A. Cherney | ) www.reuters.com time to read: +2 min

REUTERS/Yves Herman/File Photo Acquire Licensing RightsOct 2 (Reuters) - Samsung's contract chip manufacturing arm picked up a new artificial intelligence chip customer, a Canadian startup called Tenstorrent, the company said on Monday. Tenstorrent is among a number of startups looking to challenge Nvidia (NVDA.O), which dominates the market for AI chips. As part of the deal, Tenstorrent plans to use one of Samsung's advanced manufacturing processes, known as 4nm, to produce the chips. The chip Samsung will manufacture is named Quasar, and is not based on RISC-V technology. The chip deal follows a Samsung investment in Tenstorrent in August as part of a $100 million capital raise that included Hyundai Motor Co (005380.KS) and others.

Persons: Yves Herman, Tenstorrent, Jim Keller, Max A, Leslie Adler Organizations: Samsung, REUTERS, Nvidia, Intel, Micron Devices, Hyundai Motor Locations: Brussels, Diegem, Belgium, Canadian, Tenstorrent, San Francisco

☆ A Russian soldier gathered intel for Ukraine and then convinced 11 others to defect alongside him, Ukraine says
▼ + stars: | 2023-10-02 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

A Russian soldier started working for Ukraine's military intelligence in July, a Ukrainian official said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementA Russian soldier started working for Ukraine's military intelligence service earlier this year and then convinced 11 other soldiers to defect with him, Ukraine said. According to the report, Alfyorov initially got in touch with Ukraine through its "I want to live" hotline, which Ukraine set up in September 2022 to allow Russian soldiers to give themselves up. It is not clear from the report what intelligence Alfyorov provided, but Yusov highlighted the fact that he had convinced 11 other Russian soldiers to defect with him.

Persons: —, Andriy Yusov, Daniil Alfyorov, Alfyorov, Yusov Organizations: Service, Main Directorate of Intelligence, Ministry of Defence, Ukraine, Kyiv Independent Locations: Russian, Ukrainian, Russia, Ukraine, Russia's, Kyiv

☆ Ukraine hit Russia’s navy base in Crimea so hard that it is likely pulling some missions back to safer waters, UK intel says
▼ + stars: | 2023-10-02 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Russia is likely moving naval operations away from Crimea amid Ukrainian attacks, UK intel said. Russian naval aviation is attempting to assert Russian dominance over the Black Sea, the MOD added. AdvertisementAdvertisementA UK intelligence assessment said that some of Russia's naval operations in the Black Sea have been relocated following recent Ukraine attacks on its Crimean base. The UK's Ministry of Defence said on Monday that the threats had likely pushed some of Russia's Black Sea fleet activities to move to the port of Novorossiysk, on Russia's western coast. Russia abandoned Snake Island, in the northwestern Black Sea, early in its full-scale invasion, but has continued with attacks on it.

Persons: — Organizations: intel, Black, Fleet, MOD, Service, UK's Ministry of Defence, — Ministry of Defence Locations: Russia, Crimea, Sevastopol, Ukraine, Novorossiysk

☆ Intel hails 'landmark' as high-volume EUV production begins at Irish plant
▼ + stars: | 2023-09-29 | by ( Padraic Halpin | Max A. Cherney | ) www.reuters.com time to read: +2 min

A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken March 6, 2023. The effort in Ireland is Intel’s first attempt at high-volume manufacturing using EUV technology. Beyond its existing facilities in Ireland, Intel plans to build a big chip complex in Germany and semiconductor assembly and test facility in Poland. The three facilities will help create a first-of-its-kind end-to-end advanced semiconductor manufacturing value chain in Europe, Intel said. The new factory will double Intel’s manufacturing space in Ireland, where it is one of the country’s largest multinational employers with 4,900 people, around half its European workforce.

Persons: Dado Ruvic, Intel’s, ” Ann Kelleher Organizations: DUBLIN, Reuters, Intel, REUTERS, U.S ., Taiwan Semiconductor Manufacturing, PCs, U.S Locations: Ireland, U.S, Europe, Leixlip, Dublin, Portland, Hillsboro , Oregon, Arizona, Germany, Poland

☆ Sen. Dianne Feinstein of California dies at age 90
▼ + stars: | 2023-09-29 | by ( Rebecca Cohen | Sonam Sheth | ) www.businessinsider.com time to read: +5 min

California Senator Dianne Feinstein died Thursday night. She was the first woman mayor of San Francisco and the first woman to represent California in the US Senate. "Senator Feinstein never backed away from a fight for what was just and right," the statement said. Senator Feinstein was a force of nature who made an incredible impact on our country and her home state," it continued. Feinstein became the first woman mayor of San Francisco in 1978, after former city supervisor Dan White assassinated then Mayor George Moscone.

Persons: Dianne Feinstein, Feinstein, —, Nancy Pelosi, Dan White, George Moscone, White, Harvey Milk, Gavin Newsom, CALmatters, " Feinstein, Sen, Rashida Tlaib Organizations: Service, Senate, California Gov, Intelligence, intel, Democrats, Republicans Locations: California, San Francisco, Washington ,, San

The French competition authority (FCA) said on Wednesday it conducted the dawn raid a day earlier on a company in the "graphics cards sector", it said. French newspaper Challenges and the Wall Street Journal identified the company as Nvidia (NVDA.O). While GPU prices start from over $1,000, the ones favoured by AI companies can cost well over $10,000. Nvidia has a presence in both sectors, and if any startup is planning to create an AI company, they would need to depend on Nvidia for the chips. Various French authorities have looked at Big Tech companies previously, including issuing a fine to Google in 2021 for infringing EU competition law.

Persons: Dado Ruvic, Charlotte Colin, Dubuisson, Colin, Supantha Mukherjee, Dominique Vidalon, Emelia Sithole Organizations: NVIDIA, REUTERS, Rights, Nvidia, Big Tech, Wall Street Journal, Intel, AMD, Tesla, Oracle, Google, Microsoft, Thomson Locations: Rights STOCKHOLM, FRANCE, France, Stockholm, Paris

☆ Fixing Intel ends with taking it apart
▼ + stars: | 2023-09-29 | by ( Robert Cyran | ) www.reuters.com time to read: +4 min

A man walks past an Intel wall at the 2009 Computex trade show in Taipei June 3, 2009. REUTERS/Pichi Chuang Acquire Licensing RightsNEW YORK, Sept 29 (Reuters Breakingviews) - Intel (INTC.O) will have to get out of its own way. But now that its manufacturing technology has fallen behind, it’s dragging down both sides of the business. Snag is, Intel’s manufacturing arm will always have a reason to prioritize its own chips to support its design business. CONTEXT NEWSIntel announced on Sept. 29 the start of high volume manufacturing using its Intel 4 process technology at a plant in Leixlip, Ireland.

Persons: Pichi Chuang, Boss Pat Gelsinger, Intel’s, Gelsinger, Jonathan Guilford, Sharon Lam Organizations: Intel, Electronics, Reuters, Thomson Locations: Taipei, Taiwan, Arizona, Leixlip, Ireland

☆ Russia's air force has lost 90 planes in Ukraine and is becoming less formidable by overworking its jets, UK intel says
▼ + stars: | 2023-09-28 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +3 min

Russia's air force has lost 90 planes in Ukraine since February 2022, British intelligence said. Despite this, Russia still has the ability to fly missions over occupied Ukraine, the update said. AdvertisementAdvertisementRussia's air force has lost 90 planes since the start of the war in Ukraine and is becoming less formidable by overworking its jets, UK intelligence said. Latest Defence Intelligence update on the situation in Ukraine – 28 September 2023. Its air force has managed to maintain its overall front-line strength by restoring old, grounded airframes and acquiring from NATO countries 18 Su-25s and 27 MiG-29s.

Persons: — Organizations: Service, British Ministry of Defence, Latest Defence, Ukraine –, Defence Locations: Ukraine, Russia

☆ Russia blamed Western intel and spy planes for Ukraine's devastating attack on its Black Sea Fleet HQ
▼ + stars: | 2023-09-28 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Russia has accused the West of providing intel that enabled a strike on its Black Sea HQ. AdvertisementAdvertisementRussia accused Ukraine's allies the US and UK of providing the intelligence that enabled last week's strike on its Black Sea fleet's headquarters. In a press briefing Wednesday, Foreign Ministry Spokeswoman Maria Zakharova said that the attack was planned using surveillance data from Western intelligence. NATO countries fly surveillance planes over the international waters of the Black Sea, sometimes resulting in confrontation. Ukraine also said that among the 34 dead was the admiral of the Black Sea Fleet, Viktor Sokolov.

Persons: —, Ukraine's, Maria Zakharova, Zakharova, Per, hadn't, Viktor Sokolov, Vladimir Putin, Dmitry Medvedev, ", Medvedev Organizations: intel, Service, US, Foreign, NATO, AFP, Russia, Washington, Kremlin, Black, ., Security, Abrams, West, Telegram, Newsweek Locations: Russia, Ukraine, Sevastopol, British, Crimea, . Russian

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