DIRS.INFO The most relevant business & tech news

☆ Pressure piles on Evergrande with chairman under police watch, liquidation risk
▼ + stars: | 2023-09-27 | by ( ) www.cnbc.com time to read: +1 min

Shanghai's city skyline as seen from observation deck at Shanghai Tower in China. The chairman of China Evergrande Group has been placed under police surveillance, Bloomberg News reported on Wednesday, raising more doubts about the embattled developer's future as it also grapples with mounting prospects of liquidation. Citing people with knowledge of the matter, the report said Hui Ka Yan, who founded Evergrande in 1996 in southern Guangzhou city, was taken away by police earlier this month and is being monitored at a designated location. Evergrande, the police department in Guangdong province, whose capital is Guangzhou, and the public security ministry did not immediately respond to a Reuters request for comment. Evergrande is the world's most indebted property developer and has been at the center of an unprecedented liquidity crisis in China's property sector, which accounts for roughly a quarter of the world's second-largest economy.

Persons: Hui Ka Yan, Hui, Evergrande Organizations: China Evergrande, Bloomberg, Evergrande, Bloomberg News Locations: Shanghai, China, Guangzhou, Guangdong province, China's

☆ China's property crisis could take up to a decade to fix, warns an economist who was censored for his bearish views on the economy
▼ + stars: | 2023-09-27 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

China's property crisis may take up to a decade to resolve, economist Hao Hong told CNBC. Hong's WeChat and Weibo social media accounts were suspended last year after a series of bearish posts on China's economy. "Fixing the property sector may be a multi-year or even a decade's work in front of us. The property sector, along with related industries, contributes as much as 30% to the country's GDP. Still, there may be an upside ahead for China's economy once the property market's problems are resolved, Hong told CNBC.

Persons: Hao Hong, Hong's WeChat, —, Keng, that's, Hui Ka Yan, Hong, Hao, 洪, China's, Hong's, Li Daokui, Evergrande Organizations: CNBC, Weibo, Service, Grow Investment, China, Bloomberg, Investment, CFA, Twitter, Nikkei, Bank of Communications International, People's Bank of China Locations: China, Shanghai, Weibo

☆ Explainer: What's in store for China Evergrande with its chairman now under police watch?
▼ + stars: | 2023-09-27 | by ( Scott Murdoch | Thomson Reuters | Scott Murdoch Has Been A Journalist For More Than Two Decades Working For Thomson Reuters | ) www.reuters.com time to read: +5 min

Evergrande has been in the process of seeking its creditors' approval to restructure offshore debt worth $31.7 billion, which includes bonds, collateral, and repurchase obligations, amid weakening cash flows. A major group of Evergrande offshore bondholders plans to join a liquidation petition due to be heard in a Hong Kong on Oct. 30 unless Evergrande can present a new restructuring plan before then. Evergrande's supercharged growth helped it become one of China's biggest and most lucrative property developers with sales worth $110 billion in 2020. The company's entire offshore debt was deemed in default after it missed several bond payments in late 2021, and creditors have been grappling with a solution since then. Soon after that, authorities scrambled to assure markets that risks to the property sector and economy could be controlled.

Persons: Evergrande, HUI, YAN, Hui, Scott Murdoch, Sumeet Chatterjee, Muralikumar Organizations: China Evergrande, HK, Bloomberg, Evergrande, Thomson Locations: China's, Hong Kong, Evergrande, Guangzhou, China, Beijing, Sydney

☆ China Evergrande: unable to meet qualifications for issuance of new notes
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +1 min

China Evergrande Group's logo is seen on its headquarters in Shenzhen, Guangdong province, China, Sept. 26, 2021. REUTERS/Aly Song/File Photo Acquire Licensing RightsBEIJING, Sept 24 (Reuters) - China Evergrande (3333.HK) said on Sunday that in view of an investigation into Hengda Real Estate Group, its flagship onshore unit, it was unable to meet qualifications for the issuance of new notes under its debt restructuring plan. The Evergrande unit was being probed by the Chinese securities regulator for suspected violation of information disclosure. As of end-July, Hengda Real Estate's unpaid debts due totalled about 277.5 billion yuan ($38 billion), and it had 1,931 pending litigation cases. Evergrande on March 22 announced plans for the restructuring of $22.7 billion in offshore debt.

Persons: Aly, Hengda, Hui, Yan, Evergrande, Ryan Woo, Kane Wu, Andrew Cawthorne, Sharon Singleton Organizations: REUTERS, Rights, HK, Real, Group, Hengda Real, China Evergrande, Hong Kong Stock Exchange, Thomson Locations: China, Shenzhen, Guangdong province, Rights BEIJING, Hong Kong, Beijing

☆ Head of Hong Kong journalists' group sentenced to jail for obstructing police
▼ + stars: | 2023-09-25 | by ( Jessie Pang | Thomson Reuters | Jessie Pang Joined Reuters In After An Internship. She Covers Hong Kong With A Focus On Politics | ) www.reuters.com time to read: +2 min

[1/2] Ronson Chan, chairman of the Hong Kong Journalists Association (HKJA) arrives the West Kowloon Magistrates Courts after been charged with obstructing police, in Hong Kong, China September 22, 2022. Ronson Chan, chairman of the Hong Kong Journalists Association, was detained and handcuffed by two plainclothes officers while covering a story after he failed to hand over his personal identity card. The journalist cannot leave Hong Kong and had to surrender his travel documents. The Hong Kong Journalists Association is one of the last major professional groups in Hong Kong advocating fundamental rights and press freedoms, following the enactment in June 2020 of a national security law by Chinese authorities. ($1 = 7.8156 Hong Kong dollars)Reporting By Jessie Pang; writing by Greg Torode; editing by Mark Heinrich and Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

Persons: Ronson Chan, Tyrone Siu, Hong Kong's, Chan, Leung Ka, Leung, Jessie Pang, Greg Torode, Mark Heinrich, Toby Chopra Organizations: Hong Kong Journalists Association, REUTERS, Tyrone, Chan HK, Thomson Locations: Kowloon, Hong Kong, China, HONG KONG, Britain, Beijing

☆ Ukraine got its first Abrams tanks from the US — 8 months after Russia's propagandists claimed it already destroyed one
▼ + stars: | 2023-09-25 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

The first US Abrams tanks have arrived in Ukraine, bolstering its military with advanced gear. Russia propaganda made a comical claim in early 2023 to have destroyed an Abrams before any arrived. AdvertisementAdvertisementOn pro-Kremlin Telegram channels earlier this year, jubilant posts claimed the Russian military had blown up Abrams tanks in battle and boasted that they "burn like matches." This was another feature of the weapons which Russian propagandists seized on in a bid to undermine them, Reuters reported. The tanks have arrived in time to be used in Ukraine's intensifying counteroffensive, with the Ukrainian military seeking to exploit a recent breach in Russia's defensive lines in Zaporizhzhia.

Persons: Abrams, Volodymyr Zelenskyy, Nexta, Joe Biden, they've, Budanov Organizations: Abrams, Service, Kremlin Telegram, US, M1, CBS News, UN, Reuters, Ukrainian Locations: Ukraine, Russia, Wall, Silicon, Russian, Ukrainian, Zaporizhzhia

☆ 4 of Russia's deadliest military systems in its war against Ukraine
▼ + stars: | 2023-09-24 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +6 min

Insider has compiled a list of four of the most effective ones Russia has used so far in the war. Insider has taken a look at four key military systems that Russia has used to do this, from Ka-52 attack helicopters to Lancet drones. Ka-52 "Alligator" attack helicoptersA serviceman checks a Russian Ka-52 "Alligator" attack helicopter. It can also be fitted with VIKHR anti-tank missiles, ATAKA missiles, B8V-20 rocket launchers, and IGLA-V anti-aircraft guided missiles, per the site. Danilov said the number of Russian mines was "insane" and stressed the importance Ukraine was placing on saving its front-line soldiers.

Persons: Bradley, Danilov, James Patton Rogers, Forbes, Patton Rogers, Oleksiy Organizations: Service, Kremlin, Airforce Technology, UK Ministry of Defence, US stingers, Forbes, Emergency Services, REUTERS Ukraine's, National Security and Defense, CNN, Presidential, University of Southern, Soviet, State Emergency Service, FAB, REUTERS, Razumkov, New York Times Locations: Russia, Wall, Silicon, Ukraine, Ka, Zaporizhzhia Oblast, Ukrainian, University of Southern Denmark, Kharkiv, REUTERS Russia

☆ 12,000 athletes and a lotus-shaped mega stadium. The Asian Games comes to China
▼ + stars: | 2023-09-23 | by ( Jake Kwon | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —China’s leader Xi Jinping is to declare the Asian Games open at a lotus-shaped mega stadium in Hangzhou on Saturday. More than 12,000 athletes from the 45 members of the Asian Olympic Council will participate, making it the largest Asian Games ever, the Chinese state media news agency Xinhua reported Saturday. The ceremony will be attended by around 50,000 people, while more than 1,200 volunteers will be at the venue to help, Xinhua reported. To promote environmental responsibility, digital fireworks will be used at the opening ceremony instead of actual fireworks, Xinhua reported citing the ceremony’s director Sha Xiaolan. Hangzhou, the home of Chinese tech-giant Alibaba, aims to demonstrate cutting-edge technologies during the games, including cloud computing and artificial intelligence at the Games Village, Xinhua reported.

Persons: Hong Kong CNN —, Xi Jinping, Cambodian King Norodom Sihamoni, Bashar al, Assad, Hong, John Lee Ka, Han Duck, Qin Haiyang, Yang Liwei, Sha Xiaolan, ” Sha, Xi Organizations: Hong Kong CNN, Asian Olympic, Asian Games, Xinhua, Korea’s, Games Locations: Hong Kong, Hangzhou, Cambodian, Syrian, ”, Xinhua, Asia

☆ The Russian weapons Ukrainian soldiers most fear, according to an expert
▼ + stars: | 2023-09-23 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

Russian artillery launches missiles during military exercises on September 27, 2011 in Chebarkul, Chelyabinks region, Russia. AdvertisementAdvertisementRussian artillery gunners have played a crucial role in destroying or pinning down Ukrainian units seeking to advance through Russian defenses. AdvertisementAdvertisementDubbed "Putin's vultures" by Ukraine's military, the Ka-52 is highly maneuverable, fitted with tough armor, and can fire tank-busting missiles. The UK's military said that the helicopters give Russia a key battlefield advantage, and have imposed a "heavy cost" on Ukraine. "Ka-52 crews have been quick to exploit opportunities to launch these weapons beyond the range of Ukrainian air defenses," Britain's Ministry of Defence said.

Persons: Gian Gentile, Rand, Sasha Mordovets, Gentile, DJI, SERGEI SUPINSKY, Matt Dimmick, Kamov, Leonid Faerberg, Ukraine's Organizations: Service, US Army, Getty, US National Security Council, of, NGO, BBC . Russian Air Force, Ministry of Defence Locations: Russia, Ukraine, Wall, Silicon, Ukrainian, Russian, Chebarkul, Chelyabinks, Kyiv, AFP

☆ China may finally nick some metals clout from LME
▼ + stars: | 2023-09-20 | by ( Chan Ka Sing | ) www.reuters.com time to read: +3 min

The debacle has undermined the venue’s benchmark status in the pricing of nickel, which is essential for making electric vehicles. LME’s trading volumes of the element were down 40% in July from a year earlier. That’s probably why the Shanghai Futures Exchange (ShFE) is now planning its own nickel futures contract for international use, Reuters reported on Sept. 13. For the Shanghai exchange, venturing in the opposite route could also prove difficult. CONTEXT NEWSThe Shanghai Futures Exchange is planning to launch a nickel futures contract for international use, Reuters reported on Sept. 13.

Persons: Tsingshan, ShFE, HKEx, Lisa Jucca, Katrina Hamlin Organizations: Reuters, Hong Kong Exchanges, HK, London Metal Exchange, Asian bourse, Shanghai Futures Exchange, Reuters Graphics, Thomson Locations: HONG KONG, British, China, Beijing, Indonesia, Shanghai

☆ China's property price caps have two sharp edges
▼ + stars: | 2023-09-18 | by ( Chan Ka Sing | ) www.reuters.com time to read: +4 min

REUTERS/Tingshu Wang/File Photo Acquire Licensing RightsHONG KONG, Sept 18 (Reuters Breakingviews) - Chinese developers are in trouble. When the mood was bullish, price caps in major cities were far below what people were willing to pay. Scrapping the price caps would be a cleaner fix and officials are weighing up such a move, Reuters reported this month. CONTEXT NEWSChina's Guangzhou city has cancelled price caps on new residential projects, Caixin reported on Sept. 12. Price caps of various kinds were introduced in many Chinese cities from 2016 following the central government’s call for a stable residential market.

Persons: Zhao Youming, Tingshu Wang, Caixin, Price, Una Galani, Thomas Shum Organizations: Gaotie Wellness, REUTERS, Reuters, HK, Bureau of Statistics, Thomson Locations: Tongchuan, Shaanxi, China, HONG KONG, Guangzhou

☆ New Vatican letter suggests Pope Pius XII knew about the Holocaust as early as 1942
▼ + stars: | 2023-09-17 | by ( Marta Biino | ) www.businessinsider.com time to read: +3 min

A newly-uncovered Vatican 1942 letter suggests that then-Pope Pius XII likely knew about Nazi genocide. Pope Pius XII had already been scrutinized for his negotiations with Nazi Germany. Pope Pius XII was afraid Hitler would winGalerie Bilderwelt/Getty ImagesThe relationship between Pope Pius XII and Nazi leadership, especially Adolf Hitler, has long been uncovered and brought Pius under scrutiny, suggesting the pontiff was probably aware of Leiber's correspondence with König. "Pius XII was afraid of, certainly in the first years of the war, that the Nazis were going to win. The beatification process for Pius XII, which started in 1967, has been delayed because of his controversial choices during World War II.

Persons: Pope Pius XII, Sera, Pope, Pius, David Kertzer's, Giovanni Coco, Corriere, Robert Leiber, Lothar König, Hitler, Adolf Hitler, Pius XII, Mussolini, David Kertzer Organizations: Nazi, Service, The Guardian, Nazi Jesuit, Galerie, PBS Locations: Nazi Germany, Wall, Silicon, Germany, German, Polish, Rava, Ukraine, Belzec, Nazi, Poland, Auschwitz, Dachau, There's, Europe

☆ China's iPhone ban has office workers worried their own bosses will start getting ideas and banning all Apple devices too for no good reason
▼ + stars: | 2023-09-11 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

A recent iPhone ban among Chinese state companies has office workers worried they may be next. While a blanket ban is not announced, some say their bosses already want them to stop using iPhones. Advertisement Advertisement Watch: The US won't let Huawei, China's biggest smartphone maker, enter the US marketMany aired their woes on Weibo, China's version of Twitter, which reveals if the poster is an iPhone user. Changing to a new one is such a waste," another iPhone user posted on Thursday. Another iPhone user said they'd queued to reserve a brand-new iPhone for work over the weekend.

Persons: It's, it's, they'd queued, Sister Ka Organizations: Service, Bloomberg, Street Journal, Huawei, China's, Twitter, Apple, Employers, Tech, Nikkei Locations: Wall, Silicon, China, Weibo, Guangdong, Hong Kong

For Miyazaki, who painstakingly crafts thousands of hand drawings for a film, it's a long and laborious process. Several of Miyazaki's films rank among the biggest box-office hits ever in Japan; there are few other filmmakers today as revered — and fiercely beloved — as Miyazaki. “I am making this movie because I do not have the answer," Miyazaki told The New York Times in 2021. We are again, invited into a dizzyingly colorful otherworldly fantasy of Miyazaki's making. If this is to be the last Miyazaki movie (it would be unwise to ever really count him out), it's a tremendously moving goodbye.

Persons: Miyazaki's, Miyazaki, “, ”, —, Mozart, Guillermo del Toro, Mahito Maki, Soma Santoki, It's, Mahito's mother's, Yoshino Kimura, Mahito's, Masaki Suda, Mei, Mahito, Jake Coyle Organizations: TORONTO, Toronto, New York Times, Twitter Locations: Japan, Miyazaki, Toronto, Tokyo

☆ China’s cautious property giants may be rewarded
▼ + stars: | 2023-09-08 | by ( Chan Ka Sing | ) www.reuters.com time to read: +4 min

Yu Liang, president of China Vanke Co Ltd, China's top property developer, attends a news conference announcing the company's annual results in Hong Kong March 6, 2014. China Vanke Co Ltd on Thursday posted a 20.5 percent rise in net profit for 2013, in line with estimates, driven by record contracted sales last year. Yu Liang told investors last week that the property market in the world’s second-largest economy was “oversold”. The chair of $22 billion China Vanke (000002.SZ) is worth listening to. On the same day, the company reported a 19% decline in net profit to 9.9 billion yuan ($1.35 billion) for the six months to the end of June.

Persons: Yu Liang, Bobby Yip, ”, Vanke, homebuyers, Xi Jinping, Xi, Una Galani, Thomas Shum Organizations: China Vanke Co, REUTERS, Reuters, China, Mainland, HK, Securities Times, Shenzhen Metro Group, Thomson Locations: China, Hong Kong, HONG KONG, Shenzhen, Evergrande’s

☆ India's Tibetan refugees demand discussion on Tibet during G20 summit
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +2 min

[1/6] Members of the Tibetan community show hands painted with the words "Free Tibet" at their refugee colony in Majnu ka Tilla ahead of the G20 summit in New Delhi, India, September 8, 2023. Global leaders have started descending upon India's national capital for the summit, including U.S. President Joe Biden, British Prime Minister Rishi Sunak, and Italian Prime Minister Giorgia Meloni. China President Xi Jinping will not be attending the gathering and will instead be represented by Prime Minister Li Qiang. "We place a demand before our Prime Minister Narendra Modi and other global leaders to discuss Tibet during the G20 summit," he said. China sent troops into Tibet in 1950, terming the act a "peaceful liberation", and has ruled the remote, mountainous country ever since.

Persons: Anushree, Joe Biden, Rishi Sunak, Giorgia Meloni, Xi Jinping, Li Qiang, Dhundup, Narendra Modi, Sakshi Dayal, Kim Coghill Organizations: REUTERS, Global, British, Italian, Tibetan Youth Congress, Reuters, Thomson Locations: New Delhi, India, DELHI, China, Tibet, Beijing, Pragati Maidan

☆ Video shows massive HIMARS strike on an ammo dump used by Russia's powerful Ka-52 attack helicopters, Ukraine says
▼ + stars: | 2023-09-07 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Ukraine's military shared a video of a strike on a Russian storage site near Bakhmut. According to Ukraine's MOD, HIMARS took out a large store of 9M127 Vikhr laser-beam-guided missiles. Those missiles are used by the Ka-52, one of Russia's most deadly helicopters. The blast site served as a storage depot for 9M127 Vikhr guided missiles, which are used by Russian Ka-50 and Ka-52 helicopters, the MOD said. The Ka-52, known in Ukraine as "Putin's vulture," is considered one of the most powerful helicopters in the air.

Persons: HIMARS, Vikhr, Insider's Ryan Pickrell Organizations: Ukraine's MOD, Service, Ukraine's Special Forces, Ministry of Defense, Google, MOD, Mechanized Brigade Locations: Bakhmut, Wall, Silicon, Ukraine, Myronivs'kyi, Luhansk, Donetsk, It's, Russian

☆ Video shows Ukrainian soldiers taking out a Russian aircraft with a missile in a critical area of its counteroffensive
▼ + stars: | 2023-09-06 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

A Ukrainian brigade released footage of a Russian plane being shot down on Monday. The footage was taken near Robotyne, which Ukrainian troops have recently retaken. The 47th Brigade claims to have shot down nine Russian aircraft in total. Several further clips in the released footage show how the soldiers took down the Russian aircraft, with one soldier celebrating as the missile strikes the plane. AdvertisementAdvertisementIn the retaking of Robotyne, the soldiers evacuated six civilians using a Bradley infantry fighting vehicle while under fire from Russian troops, a crew commander told CNN.

Persons: Volodymyr Zelenskyy Organizations: 47th Brigade, Service, 47th, Mechanized Brigade, RBS, CNN, Ukraine, Bradley Locations: Ukrainian, Russian, Robotyne, Wall, Silicon, Ukraine, Sweden, Melitopol, Zaporizhzhia

On Sunday, Evergrande reported losses of 33 billion yuan ($4.53 billion) for the first half of the year, versus a 66.4 billion yuan loss in the same period a year earlier. The Chinese property sector’s worsening debt crisis poses a significant challenge for President Xi Jinping and his policy makers, with the country’s economy already reeling from weaker domestic and overseas demand. China’s State Council Information Office, which handles media queries on behalf of the government, declined to comment on the property market and Evergrande’s fate. He sold the first complex the following year for 80 million yuan, according to Evergrande’s website. The committee investigated the matter after banks seized 13.4 billion yuan ($1.84 billion)of deposits held by the property-services unit in 2021.

Persons: Aly, Hui Ka Yan, Hui, Evergrande, Suppliers haven’t, ”, Anne Stevenson, Yang, Evergrande’s, Xi Jinping, Reuters wasn’t, Kelly Richmond Pope, ” Hui, “ Evergrande, Stevenson, Engen Tham, Julie Zhu, Clare Jim, Cassell Bryan Organizations: China Evergrande Group, REUTERS, Rights, China Evergrande, HK, Reuters, Suppliers, J Capital Research, Information Office, Political, Conference, Guangzhou Evergrande, soccer’s, Hong, Forbes, HengTen Networks, Management, Chicago’s DePaul University, Evergrande, Financial, Communist Party, “, China, Shanghai, Cassell, Low, Thomson Locations: China, Shenzhen, Guangdong province, Rights SHANGHAI, HONG KONG, United States, U.S, China’s, Henan province, Beijing, Hong Kong, Guangzhou, Evergrande, HengTen, Evergrande’s Hong Kong, Shanghai

☆ Single people in Hawaii need to make an average of $112,411 to get by, a study has found. Here's how US living wages compare in the most expensive states.
▼ + stars: | 2023-08-30 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Hawaii is the most expensive place for single people to live in the US, an analysis found. Single people need an annual paycheck of $112,411 to make a living wage in the state, per the data. The study used survey data from the Bureau of Labor Statistics to calculate the cost of annual necessities for a single person state by state. New YorkLiving wage for a single person: $73,226AdvertisementAdvertisementOlympic Tower, New York City. AlaskaLiving wage for a single person: $71,570

Persons: Coyright Roy Prasad, Barry Winiker Organizations: Morning, US Bureau of Labor Statistics, Mississippi, Bureau of Labor Statistics, Hawaii, Massachusetts, DenisTangneyJr, California, Getty, New York, Alaska Locations: Hawaii, Massachusetts, San Francisco , California, , New York City

☆ East Timor condemns Myanmar's expulsion of top diplomat
▼ + stars: | 2023-08-27 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Soe Zeya Tun Acquire Licensing RightsJAKARTA, Aug 27 (Reuters) - Myanmar's military government has ordered East Timor's top diplomat to leave the country, the government of East Timor - a vocal critic of Myanmar's leadership - said in a statement condemning the rare action. Myanmar's government, which assumed power in a coup in 2021, has not made any announcement on the matter and a spokesperson was not immediately available for comment. East Timor politicians have been outspoken critics of Myanmar's military government and President Jose Ramos-Horta has met with a top representative from Myanmar's shadow National Unity Government (NUG), which opposes military rule. The country's charge d'affaires must leave Myanmar by Sept. 1, NUG human rights minister Aung Myo Min said on Facebook. In protest against the 2021 coup, many countries have charges d'affaires in Myanmar instead of ambassadors.

Persons: Pope Francis, Soe Zeya, Myanmar's, Jose Ramos, Aung Myo Min, Christopher Cushing Organizations: San Football, REUTERS, Rights, East, . East, National Unity Government, Facebook, Reuters, Thomson Locations: Myanmar, Yangon, Rights JAKARTA, East Timor's, East Timor, ., . East Timor, Horta

☆ 'Putin's vulture': Why the Ka-52 attack helicopter is one of Russia's most influential weapon systems
▼ + stars: | 2023-08-26 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +7 min

Russia's Ka-52 attack helicopter has been imposing a high cost on Ukraine's counteroffensive this summer. AdvertisementAdvertisementIt can also serve as a surveillance platform and an aerial command center for a fleet of attack helicopters. While some military experts say the US Apache helicopter is superior to the Ka-52, the Russian helicopter gunship is highly rated. In its review of the top nine attack helicopters, Military-Today.com wrote: "The Ka-52 is one of the fastest and most maneuverable attack helicopters due to its two coaxial contra-rotating main rotors. A video appears to show one of the Ka-52 attack helicopters being downed, revealing Russia's weakness, a former US general told Insider.

Persons: Russia's Ka, Ukraine's, Today.com, ALEXANDER NEMENOV, Insider's Ryan Pickrell, Andriy Yermak, Maxym Organizations: Russian, Service, Kremlin, Kyiv Post, Kamov, Russian Helicopters, Airforce Technology, US Apache, Russian Defense Ministry Press Service, AP, Military Factory, Russia, Getty, UK Ministry of Defence, Twitter, Ukrainian, Russian Ministry of Defense, Royal United Services Institute, Forbes Locations: Ukrainian, Wall, Silicon, Russian, Ukraine, AFP, Zaporizhzhia, Kyiv, London, American, Russia

☆ A Russian pilot landed a Mi-8 helicopter on a Ukrainian airbase in a daring defection, Ukrainian official says
▼ + stars: | 2023-08-23 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

A Russian pilot has defected to Ukraine with a Mi-8 helicopter, Ukraine's intelligence service said. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyAdvertisementAdvertisementA Russian helicopter pilot landed on a Ukrainian air base in what Ukrainian officials claimed was a planned defection. The pilot landed a Russian Mi-8 AMTSh at the Poltava military air base in Kharkiv on Wednesday, taking the staff by surprise, the Kyiv Post reported. Pro-Russian social-media channels reported that the helicopter landed at the airfield by accident after the crew became "disoriented," according to the paper. It's unclear whether this Russian pilot, who has not been named, will be compensated.

Persons: Andriy Yusov, Yuriy Butusov, Butusov, Leonid Faerberg, 30SM Organizations: Service, Kyiv Post, Pravda, Getty Locations: Ukraine, Wall, Silicon, Ukrainian, Russian, Poltava, Kharkiv, Kyiv, Russia

☆ Videos of an artillery ambush show Russian tanks and armor making 'opening day mistakes' and paying the price for them
▼ + stars: | 2023-08-22 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +7 min

Videos of an apparent artillery ambush have emerged and show Russian forces taking heavy hits. A retired US Army general said Russians were making "opening day mistakes" 18 months into the war. Russian forces have made similar mistakes repeatedly in the war in Ukraine. Ukrainian forces, of course, are not infallible, and mistakes have jeopardized operations, including the opening phase of the ongoing counteroffensive, according to experts who visited areas near the front. They also moved the wrong way, and sometimes they ran into deadly minefields covered by defending Russian forces — traps not entirely unlike the ambush seen in the recent videos.

Persons: Diego Herrera Carcedo, Benjamin Hodges, You've, bunching, Hodges, — Organizations: Russian, US Army, Service, Anadolu Agency, Getty, Army, United States Army Locations: Ukraine, Wall, Silicon, US, Klishchiivka, Donetsk, Russian, United States Army Europe, Ukrainian, Novodarivka, Russia

☆ Kuwait Airways plans to lease eight Airbus jets within 10 years
▼ + stars: | 2023-08-20 | by ( Ahmed Hagagy | ) www.reuters.com time to read: +1 min

KUWAIT CITY, Aug 20 (Reuters) - Kuwait Airways (KA.UL) plans to lease eight Airbus (AIR.PA) passenger jets within 10 years, Chairman Ali Aldokhan said on Sunday. The state-owned carrier is examining offers from leasing companies, and the contract duration for the leased planes, all Airbus 321 neo aircraft, will be between eight and 10 years, Aldokhan told a news conference. The plan to lease eight planes is in addition to Kuwait Airways' multi-billion dollar deal with Airbus in 2022 to buy 31 planes, 18 of which it has already received. The cost of jet fuel for Kuwait Airways has increased 38% year-on-year since the beginning of 2023, Aldokhan said. Kuwait Airways is in negotiations with Kuwait Petroleum Corporation on a discount mechanism to reduce the airline's jet fuel costs, CEO Maen Razouqi told the same press conference.

Persons: Ali Aldokhan, Aldokhan, Maen Razouqi, Ahmed Hagagy, Adam Makary, David Goodman, Susan Fenton Organizations: KUWAIT CITY, Kuwait Airways, Airbus, Kuwait Petroleum Corporation, Tala, Thomson Locations: KUWAIT

Search resuls for: "KA"

25 mentions found