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☆ Sam Bankman-Fried files appeal nearly a year after FTX fraud conviction
▼ + stars: | 2024-09-13 | by ( Allison Morrow | ) edition.cnn.com time to read: +2 min

New York CNN —Lawyers for Sam Bankman-Fried, the convicted former CEO of crypto exchange FTX, filed an appeal Friday, claiming he was denied a fair trial last fall and seeking new proceedings under a different judge. Bankman-Fried, 32, was sentenced to 25 years in prison after a jury convicted him on multiple federal counts of fraud and conspiracy in November. Two years after FTX collapsed in the midst of a cash crunch, Bankman-Fried is arguing that he didn’t get a fair shake in his trial. The court, they say, prohibited Bankman-Fried from introducing evidence of solvency for FTX and its sister firm, Alameda. Ellison pleaded guilty in cooperation with the government and became a star witness against Bankman-Fried during his trial.

Persons: Sam Bankman, FTX, Fried, Lewis Kaplan, ”, Caroline Ellison, Ellison Organizations: New, New York CNN, ”, Bankman Locations: New York, Bankman, Alameda

☆ I insisted on a prenup with my future husband. I make more than him and want to protect my assets.
▼ + stars: | 2024-09-13 | by ( Jen Glantz | ) www.businessinsider.com time to read: +6 min

I heard stories from other entrepreneurs about how they built a business, got married without a prenup, and later divorced. I promised myself that when I met my future partner, we'd sign a prenup before we married. You hear stories of people being offended by the idea of a prenup, but my fiancé didn't care at all. AdvertisementWhile I'm excited to share my money and assets with my partner and plan to split our bills and expenses, I still want to protect my assets if something happens. My fiancé decided not to get his own attorneyWhile I chose to hire a lawyer, my fiancé decided not to hire his own.

Persons: —, Ashley Mason, That's, I've, fiancé, we've, Prenups aren't, We're, we're, Lauryn Haas Organizations: Service, Business, lhaas Locations: Massachusetts

☆ Boeing strike 2024: IAM union members set to strike early Friday after vote against proposed deal
▼ + stars: | 2024-09-13 | by ( Chris Isidore | Vanessa Yurkevich | ) edition.cnn.com time to read: +6 min

New York CNN —Union members at Boeing overwhelmingly rejected a proposed a four-year contract with the troubled aircraft manufacturer, authorizing the first strike at the company in 16 years, said the International Association of Machinist (IAM) union. It also increased job security for union members, because Boeing promised to build its next commercial jet, which has yet to be announced, at a unionized plant. But 95% of members of the IAM union voted against the deal. In a separate vote 96% voted to authorize a strike, easily clearing the two-thirds threshold needed to approve a walkout. Boeing has nearly 150,000 US employees, including the 33,000 IAM union members.

Persons: ”, Jon Holden, Kelly Ortberg, “, Max, Holden, we’ve Organizations: New, New York CNN — Union, Boeing, International Association of, IAM, Alaska Airlines, Federal Aviation Administration, US Justice Department Locations: New York, Alaska

☆ Live updates: SpaceX Polaris Dawn spacewalk set to kick off during historic mission
▼ + stars: | 2024-09-12 | by ( Jackie Wattles | Cnn'S Jackie Wattles | ) edition.cnn.com time to read: +2 min

Inspiration4 mission commander Jared Isaacman stands for a portrait in front of a Falcon 9 rocket at SpaceX facilities in Hawthorne, California, in February 2021. The mission was meant to demonstrate that people from all walks of life can train for and execute a mission to orbit. I don’t know — it made me a real believer.”That’s why, Isaacman said, he worked with Musk and engineers at SpaceX to build the Polaris Program. Polaris Dawn is the first mission under that umbrella, with at least two more ventures to space planned for later down the road. The Polaris Program’s goal is to develop and test technologies that SpaceX would need if it established an extraterrestrial settlement.

Persons: Jared Isaacman, Patrick T, Fallon, Jared Isaaacman, he’s, Isaacman, Elon Musk, Inspiration4, ” Isaacman, “, Musk, Polaris Dawn Organizations: SpaceX, Getty, SpaceX —, CNN, Polaris Program, Polaris Locations: Hawthorne , California, AFP, South Texas

Ulysses “Junior“ Bridgeman attends Day 2 of 2023 Invest Fest at Georgia World Congress Center on August 27, 2023 in Atlanta, Georgia. Businessman and former NBA player Ulysses Lee "Junior" Bridgeman is buying a 10% stake in the Milwaukee Bucks, according to three sources familiar with the deal. The transaction will value the team at $4 billion. NBA owners will be notified of the sale in a memo Thursday, added the sources, who asked to remain anonymous because the details of the deal are not public. Bridgeman and the Bucks did not immediately respond for comment.

Persons: Ulysses “, “ Bridgeman, Ulysses Lee, Junior, Bridgeman, Ebony Organizations: Invest, Georgia World, Center, NBA, Milwaukee Bucks, Bucks Locations: Atlanta , Georgia

☆ Here's the deflation breakdown for August 2024 — in one chart
▼ + stars: | 2024-09-12 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

It means that, in aggregate, the average prices of goods and services are rising, just more slowly. Where prices have deflatedFor example, prices have declined by about 5% for furniture and bedding and 3% for appliances since August 2023, according to CPI data. Outside of supply-demand dynamics, the U.S. dollar's strength relative to other global currencies has also helped rein in prices for goods, economists said. Airline fares have declined about 1% over the past year, according to CPI data. Grocery prices have fallen for items such as apples, potatoes, ham, coffee, rice, seafood and bananas, according to CPI data.

Persons: Stephen Brown, it's, Sarah House, They've, women's outerwear, Brown Organizations: North, Capital Economics, Finance, Social Security, Wells, Wells Fargo Economics, U.S, International Air Transport Association Locations: U.S, North America, Wells Fargo, China

☆ Boeing faces strike threat as union members vote on tentative labor deal today
▼ + stars: | 2024-09-12 | by ( Chris Isidore | Vanessa Yurkevich | ) edition.cnn.com time to read: +7 min

Among other benefits increases, the contract would increase union members’ pay by last least 25% over four years. Union members have launched a series of protests this week outside of Boeing plants and may ultimately reject the new contract union leaders negotiated with Boeing management. The deal will be officially approved if more than 50% of the members vote in favor of the tentative agreement. That would prevent a strike, no matter how many workers vote to strike. If just more than a third of members vote against a strike, then the contract takes effect, no matter the results of the ratification vote.

Persons: we’ve, Kelly Ortberg, Jon Holden, ” Holden, Ortberg, “, ”, Holden Organizations: New, New York CNN —, Boeing, Union, Alaska Airlines, International Association of Machinists, IAM, The Seattle Times, CNN Locations: New York, Oregon, Seattle, What’s, Washington

☆ Trump allies do damage control as Harris rides fresh momentum post debate
▼ + stars: | 2024-09-12 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

Harris’ campaign is also leveraging the endorsement of Taylor Swift, which could open a new seam of interest among the pop megastar’s loyal fanbase. The former president also Wednesday publicly toyed with the idea of a second debate, after the Harris campaign challenged him to another round. There’s a case for the vice president folding her tent given that she might not be able to repeat Tuesday’s performance. He weaved a dismissal of the Swift endorsement for Harris into a wider attack on the vice president on Fox News. The Trump campaign is sure to keep up its drumbeat of complaints that she’s avoiding deeper media scrutiny.

Persons: CNN —, Donald Trump, Kamala Harris, Harris, Trump, Joe Biden’s, Taylor Swift, goad Trump, Philippe Reines, Hillary Clinton, CNN’s Kaitlan Collins, Reines, State Clinton, Joe Biden, Michael Bloomberg, Sen, JD Vance, Michael M, Biden, Mike Bloomberg, Andrew Bates, ” Bates, Robert F, Kennedy Jr, Kennedy, ” Harris “, ” Kennedy, ”, Mike DeWine, he’s, smarting, doesn’t, SSRS, ” Vance, John Murtha Johnstown, Mandel Ngan, CNN’s MJ Lee, CNN’s John King, “ Kamala Harris, Linda Rooney, Nikki Haley Organizations: CNN, Democratic National Convention, Trump, State, New York City, Museum, Republican, New, Fox News, ABC News, Republican Party, Ohio’s Republican Gov, Fox, ABC, “, Boxing, UFC, Fighter, Truth, Air Force, Getty, Harris, Democratic, South Carolina Gov Locations: Philadelphia, “, New York, New York City, Shanksville , Pennsylvania, untruths, Springfield , Ohio, Cambria, Airport, Johnstown , Pennsylvania, AFP, Wilmington , Delaware

☆ Ukraine says it shot down a $50M Su-30 Russian fighter jet, sending it crashing into the Black Sea
▼ + stars: | 2024-09-12 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Read previewUkraine's Defense Intelligence says its forces have shot down a Russian fighter jet over the Black Sea, sharing a video of the apparent strike. According to the post, Russian forces lost contact with the aircraft around 5 a.m. local time and launched a search and rescue operation about three hours later. It said a telltale streak of jet fuel was found on the water, as well as parts of the plane's wreckage. Advertisement-1 russian Su-30SM jet 🔥Warriors of the @DI_Ukraine special unit destroyed a russian Su-30SM combat aircraft with MANPADS over the Black Sea. pic.twitter.com/yaKnzWXyYF — Defense of Ukraine (@DefenceU) September 12, 2024The pro-Ukrainian Telegram channel Crimean Wind, which monitors developments on the peninsula, also posted about a missing Russian Su-30 jet, citing an unnamed Ukrainian army source.

Persons: —, Russian Sukhoi Su, ince, cale Organizations: Service, Intelligence, Business, Naval Aviation Regiment Locations: Russian, Ukrainian, Cape Tarkhankut, Crimea, Saki

☆ Boeing should be kicked out of the Dow
▼ + stars: | 2024-09-11 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

The United States is no longer primarily an industrial economy, and the changes in the index over the last 126 years reflect that evolution. Beyond that, there are two other major issues indicating that Boeing no longer belongs in the Dow. Trying to stay relevantBoeing obviously wasn’t an early component of the Dow — the index started seven years before the first plane flew at Kitty Hawk, and 20 years before Boeing was incorporated. In 2020, the Dow dropped ExxonMobil, then struggling with low oil prices during the pandemic, and added tech company Salesforce, then on a tear. Boeing declined to comment when asked about its membership in the Dow.

Persons: ”, Ron Epstein, Dow, Max, That’s, Sam Stovall, Kitty Hawk, “, ” Stovall, Stovall, — Organizations: New, New York CNN, Dow Jones, New York Stock Exchange, Nasdaq, Boeing, Bank of America, Steel, Disney, Dow, Alaska Airlines, Federal Aviation Administration, CFRA Research, Electric, Lockheed, GE, GE Aerospace, ExxonMobil, Airbus Locations: New York, United States, Alaska, Ukraine

☆ Harris and Trump kept talking about pumping more oil. There’s a problem with that
▼ + stars: | 2024-09-11 | by ( David Goldman | Matt Egan | ) edition.cnn.com time to read: +4 min

So why were Vice President Kamala Harris and former President Donald Trump talking so much about expanding oil production during Tuesday night’s debate? Fossil fuel will be dead,” Trump said. For all the candidates’ talk of promoting fossil fuel production, it’s not clear that America needs drastically more oil. US oil production has already spiked to a record of 13.4 million barrels per day, according to weekly federal data. So it would likely take an extreme — or calamitous — event to get gas prices back below $2.

Persons: Kamala Harris, Donald Trump, Harris, fracking, Biden, Trump, they’ll, ” Trump, Andy Lipow, he’s, It’s, it’s, Lipow, ”, Bob McNally, doesn’t, McNally, George W, Bush, “, America Organizations: CNN, Senate, Lipow Oil Associates, AAA, Rapidan Energy, US Energy Information Administration, Travel Locations: America, United States, Pennsylvania, OPEC, China

Flooding rainfall, powerful winds and potentially life-threatening storm surge could pummel parts of the upper Texas and Louisiana coastlines as Francine passes through. In addition to a hurricane warning in Louisiana, tropical storm warnings and watches have been issued along a stretch of the Louisiana and Texas coast. A storm surge warning has also been issued from High Island, Texas, to the mouth of the Mississippi River. Storm surge and rough surf could also cause minor flooding on the Mexico coast early this week. Storm surge will begin to ramp up as Francine nears landfall, causing normally dry areas to be inundated with several feet of water.

Persons: Francine, Louisiana’s, It’s, Jeff Landry, Louisiana’s Cameron Parish, Ida, Francis, “ Francine Organizations: CNN, National Hurricane Center, Louisiana and, Gov, Federal Emergency Management Agency Locations: Gulf, Louisiana, Texas, Mexico, Mississippi, Louisiana and Texas, High Island , Texas, Louisiana’s Cameron, Jefferson Parish’s, Grand Isle, St, Mary, Terrebonne, Terrebonne Parish, Jefferson, Orleans, New Orleans, In Mississippi, . Texas

☆ Starbucks’ new CEO wants to make Starbucks a coffee shop again
▼ + stars: | 2024-09-10 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

He will be Starbucks’ fourth CEO in two years, taking the helm amid a slump in Starbucks’ business and pressure from employees and investors. Starbucks CEO Brian Niccol. Some customers have expressed frustration with high prices, slow pickup orders on Starbucks’ app and lackluster food options. Mobile app and drive-thru orders make up more than 70% of Starbucks’ sales at its approximately 9,500 company-operated stores in the United States. According to the company, Niccol will spend time in stores, at headquarters in Seattle and with Starbucks employees around the world.

Persons: Brian Niccol, “, ”, “ We’re, Niccol, Taco Bell, Dylan Buell Organizations: New, New York CNN, Starbucks, Getty Locations: New York, Chipotle, Mobile, United States, Newport Beach , California, Starbucks ’ Seattle, Seattle

☆ The first ultra-low-cost airline using the Airbus A321XLR hopes passengers will choose to 'suffer the pain' of no-frills 7-hour flights
▼ + stars: | 2024-09-10 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

Wizz Air announced its first A321XLR route will be about seven hours between London and Saudi Arabia. "You kind of suffer the pain, if you wish, for the economic benefits," said Wizz's CEO. Go to newsletter preferences Thanks for signing up! AdvertisementAs it introduces longer flights, ultra-low-cost carrier Wizz Air isn't planning any upgrades to its no-frills offering — hoping passengers will "suffer the pain" for cheaper tickets. Wizz announced Tuesday that its first Airbus A321XLR route will be between London Gatwick and Jeddah in Saudi Arabia, starting next March.

Persons: —, Wizz Organizations: Wizz Air, Service, Wizz, Airbus, London, Business Locations: London, Saudi Arabia, Saudi, Jeddah, London Gatwick

☆ Another typically boring part of the stock market is making exciting moves
▼ + stars: | 2024-09-10 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

While many investors have been distracted by the recent drop in leading technology shares, a traditionally overlooked part of the market is seeing a major boom: consumer staples. The S & P 500 consumer staples sector hit a record on Monday, putting it more than 8% higher over the past three months. On Friday, the Bureau of Labor Statistics said 142,000 jobs were created in August, well below the 161,000 expected by economists. Against this backdrop, we used the CNBC Pro Stock Screener tool to find consumer staple stocks that could outperform going forward. Kroger is expected to gain more than 12% going forward, based on analysts consensus price targets.

Persons: It's, Kroger, Bernstein, Douglas Harned Organizations: Tech, of Labor Statistics, CNBC, Stock, Kroger, Constellation Brands, Bunge Global, Modelo, Bunge, GE Aerospace, GE Locations: U.S

☆ Starbucks' new CEO swears by this 'cliché' career advice
▼ + stars: | 2024-09-09 | by ( Morgan Smith | ) www.nbcnews.com time to read: +3 min

It’s the first day on the job for new Starbucks CEO Brian Niccol, and expectations are high. Niccol explained that he carries a “beat-up notebook” with him to outline and track his progress toward his career goals. Trusting his gut and believing in his ability to succeed, Niccol said, has made the biggest difference in his career up to this point. “There will be times in your career when your gut will be tingling,” he said, noting that he had that feeling when he left Taco Bell to become Chipotle’s CEO in 2018. Niccol used a 5-word phrase in a phone screening with former Starbucks chair Mellody Hobson to illustrate his confidence and preparedness for the job.

Persons: Brian Niccol, Anjali Sundaram, Taco Bell, ”, ” Niccol, Niccol, Mellody Hobson, “, ‘, ’ ” Hobson, ” Hobson, Brian, “ We’re Organizations: CNBC, Wall, Taco, Miami University in, Taco Bell, Starbucks Locations: U.S, China, Miami University in Oxford , Ohio, Newport Beach , California, ’ Seattle

It was a stunning denouement for the self-proclaimed appointed son of God, a Filipino evangelist preacher who had millions of followers and influence at the highest levels of government but was wanted by Philippine authorities and the FBI on charges of human trafficking and sexual abuse. That changed in March, when a Philippine court ordered the arrest of Quiboloy and several other people on suspicion of child and sexual abuse and human trafficking. After he surrendered, officials said, Quiboloy was flown by military transport to Manila, the capital, and placed in police detention. After he won the presidency in 2022, Marcos set about dismantling Duterte’s power alliances, including the one with Quiboloy. Marcos said that he did not understand Duterte’s apology but that it was “her prerogative” to make it, local media reported.

Persons: God, Apollo Quiboloy, Rodrigo Duterte, Duterte’s, Ferdinand Marcos Jr, Marcos, Quiboloy, ” Marcos, of Jesus Christ, ”, “, Jean Fajardo, ” Sen, Risa Hontiveros, Benhur Abalos, Duterte, Ted Aljibe, colluding, Sara Duterte, Christ Organizations: Philippine, FBI, Philippine Department of Justice, U.S . Treasury Department, Police, Philippine Senate, Getty, U.S Locations: Philippine, Davao, U.S, of Jesus, Philippines, Torreon, Davao City, of, Manila, AFP, Hawaii

Both the iPhone 16 and the iPhone 16 Pro will be available for pre-order on Friday and in stores on September 20, Apple announced. They’re also available in two sizes: 6.1 inches for the iPhone 16 and 6.7 inches for iPhone 16 Plus. IPhone 16 ProThe new iPhone 16 Pro. From AppleThe iPhone 16 Pro, Apple’s higher-end iPhone, features even more AI features than the iPhone 16. Price: The new Apple iPhone 16 Pro will cost $999 and the iPhone 16 Pro Max will be $1,199, the company announced Monday.

Persons: Dan Ives, Wedbush, haven’t, Apple, ” Craig Federighi, Siri, Erica, ultramarine, Max, AirPods Organizations: CNN, Apple, Apple Watch, Apple Apple, Apple Intelligence, Pro, US Food and Drug Administration, Apple Watch Apple

Learn moreApple officially announced the Apple Watch Series 10 and a design update to the Apple Watch Ultra 2 during its "Glowtime" event on September 9. AdvertisementThe Apple Watch Series 10 and the refreshed Apple Watch Ultra 2 are available to preorder now from Apple's website. AdvertisementApple Watch Series 10: New featuresThe Apple Watch Series 10 contains a range of upgrades. AppleThe Apple Watch Series 10 is available in a larger size than the Apple Watch Ultra 2, with 30% more screen area than the previous generation Series 9. AppleAll Apple Watch Series 10 models run on Apple's new S10 processor to support new features, like suppressing background noise during a phone call.

Persons: Slate, Apple, There's Organizations: Business, Apple, Apple Watch

☆ Apple 'Glowtime' event summary: Tim Cook announces new iPhone 16 series, Apple Watch, AirPods, and AI features
▼ + stars: | 2024-09-09 | by ( Jordan Hart | Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Apple Park is buzzing after Tim Cook and other executives took the wraps off the new iPhone 16 lineup, AirPods 4, AirPods Pro, and the latest Apple Watch Series 10. The Apple executives were careful to walk through how the new iPhone 16 will be outfitted with the company's flavor of generative AI features, called Apple Intelligence, and the new features available in iOS 18 as a result. AdvertisementOver the course of Apple's "It's Glowtime" event, the company showcased a range of AI features, new camera technology, and other improvements to both its hardware and software. Apple Intelligence will be closely integrated across iOS 18, and that means more people will likely use AI on a daily basis as a result. Not all of the features will be available right at the launch of the iPhone 16, with some available later in the year or even in 2025.

Persons: —, Tim Cook Organizations: Service, Apple, AirPods, Apple Intelligence, Business, Google, ChatGPT . Apple Intelligence Locations: ChatGPT

☆ NASA’s Europa Clipper gets the green light to launch
▼ + stars: | 2024-09-09 | by ( Ashley Strickland | ) edition.cnn.com time to read: +7 min

The approval was a relief to the Europa Clipper team after the discovery in May of a possible issue with transistors on the spacecraft. Europa Clipper carries 10 science instruments that could determine whether life is possible on another place in our solar system besides Earth. Now, Europa Clipper has been approved to launch, with no changes to the mission plan, goals or trajectory. Exploring an ocean worldWhen Curt Niebur, Europa Clipper program scientist, began working at NASA in 2003, he faced the task of pushing a Europa mission forward. Each year, the effort to get Europa Clipper designed and built has seemed more difficult, he said.

Persons: NASA’s, we’re, ”, Nicola Fox, Jupiter’s, Jordan Evans, Evans, “, ” Evans, Curt Niebur, ” Niebur, It’s, we’ve, That’s, Niebur, Laurie Leshin Organizations: CNN, Clipper, NASA, Europa Clipper, Jet Propulsion Laboratory, Johns Hopkins University Applied Physics, NASA’s Goddard Space Flight, Science, JPL, “, Juno Locations: Pasadena , California, Laurel , Maryland, Greenbelt , Maryland, flybys, Europa, gush

☆ See inside the Brazilian C-390 Millennium that Boeing once wanted to buy but now doesn't have an answer to
▼ + stars: | 2024-09-08 | by ( Taylor Rains | Pete Syme | ) www.businessinsider.com time to read: +1 min

Boeing once wanted to buy a stake in Embraer's C-390 Millennium military aircraft. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBoeing doesn't have an answer to US aerospace company Lockheed Martin's C-130 Hercules military plane — but it used to.

Persons: —, Lockheed Martin's Organizations: Boeing, Embraer's, Service, Lockheed, Brazilian, Embraer, Business

☆ Ukraine says Russia deployed its rarely-used, jet engine-powered 'Grom-E1' missile bomb in Kharkiv
▼ + stars: | 2024-09-07 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

Russia deployed its "Grom-E1" hybrid missile bomb in Kharkiv this week. The Grom-E1 is equipped with wings and an engine and has a range of up to around 75 miles. Go to newsletter preferences Thanks for signing up! One of the attacks saw Russia deploy its "Grom-E1" munition in Kharkiv for the first time, the city's mayor, Ihor Terekhov, said on Telegram. According to the Ukrainian government-backed platform United24, the Grom-E1 is a hybrid of a missile and a bomb that Russia began producing in the mid-2000s.

Persons: —, Vladimir Putin's, Ihor Terekhov Organizations: Service, Business Locations: Russia, Kharkiv, Ukraine, Ukrainian

☆ Landslides are destroying multimillion-dollar homes in California, and they’re getting worse
▼ + stars: | 2024-09-07 | by ( Laura Paddison | ) edition.cnn.com time to read: +6 min

CNN —The deep landslides beneath the multimillion-dollar homes in Rancho Palos Verdes moved at an almost glacial pace, until they didn’t. This affluent coastal city in Southern California, around 30 miles south of Los Angeles, has long enticed people with its Pacific Ocean views and lush greenery. This February, an atmospheric river dumped record amounts of rain across southern California, triggering hundreds of mudslides and leaving at least nine people dead. In July, a landslide triggered by heavy monsoon rains in India’s southern state of Kerala killed at least 150 people. In Southern California, “people wanted to pretend they lived in the tropics,” he said, “and planted a lot of landscaping that required lots of watering.”Deforestation is another factor.

Persons: Gavin Newsom, Jason Armond, Alexander Handwerger, ”, Gary Griggs, Dave Petley, Dana Point perilously, Ted Soqui, Handwerger, “ We’ve, Griggs, Thomas, Marcio Jose Sanchez, Cyclone Gabriel, Ugur Öztürk, University of Hull’s Petley Organizations: CNN, Rancho Palos Verdes, Bend Community, Rancho Palos, Los Angeles Times, Jet Propulsion Laboratory, Palos, University of California, University of Hull, AP, Cyclone, University of Potsdam, German Research Centre, Geosciences, University of Hull’s Locations: Rancho, Southern California, Los Angeles, Rancho Palos Verdes, Palos Verdes, University of California Santa Cruz, England, California, Dana Point, Dana Point , California, Montecito, Montecito , California, New Zealand, Kerala

☆ Iran and Turkey are betting on drone aircraft carriers to project power
▼ + stars: | 2024-09-07 | by ( Paul Iddon | ) www.businessinsider.com time to read: +7 min

These regional powers are betting they can build an expendable air force without the massive costs of aircraft carriers, fighter jets and pilots trained to fly them. Naval experts agree that drone ships represent new possibilities while pointing out that these ships fall far short of the aircraft carriers and amphibious assault ships that top navies sail. Turkey developed the Bayraktar TB3 naval drone for the Anadolu and claims the unmanned Kizilelma fighter jet it is developing could also operate from it. Although far from the might and versatility of flattops, these vessels enhance Turkey and Iran's respective capabilities to project naval power. These drone-carriers also have inherent shortcomings when compared to aircraft carriers and amphibious assault ships in other navies.

Persons: —, Bryan Clark, Recep Tayyip Erdogan's, Shahid, Shahid Bagheri, Shahid Mahdavi, Diego Garcia, IRGC, Emin Sansar, Shaul Chorev, Chorev, Clark, Andrew, Woody, Lewis, who's, Iran's Organizations: Service, Hudson Institute, Business, TCG Anadolu, Anadolu, Iran's Revolutionary Guard Corp, Getty, US Navy, Maritime Policy, Research, Israeli National Center of Blue, Israeli Navy, Iranian, IRIN, Islamic Republic of Iran Navy, Center for, US 2nd Fleet Locations: Turkey, Iran, Ankara, Turkish, Soviet, Diego, Anadolu, Iranian Navy, Islamic Republic of Iran, US

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