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Israel has officially notified the United Nations that it was cancelling the agreement that regulated its relations with the main U.N. relief organization for Palestinian refugees (UNRWA) since 1967, the country’s foreign ministry said on Monday. A Palestinian man carries a bag of flour distributed by UNRWA in Deir al Balah, central Gaza on Saturday. The ban does not refer to operations in the Palestinian territories or elsewhere. The legislation does not directly outlaw UNRWA’s operations in the West Bank and Gaza, both considered by international law to be outside the state of Israel but under Israeli occupation. The Israeli foreign ministry said activity by other international organizations would be expanded and “preparations will be made to end the connection with UNRWA and to boost alternatives to UNRWA.”
Persons: Israel, Abdel Kareem Hana, Israel’s U.N, Danny Danon, Organizations: United, West Bank, UNRWA, United Nations Locations: United Nations, Israel, Gaza, Deir al Balah
Investors expect Beijing to announce details on fiscal support Friday. He expects Trump has a greater chance of winning, which he said would increase downward pressure on the Chinese yuan versus the U.S. dollar. While the People's Bank of China has cut interest rates, the Ministry of Finance has yet to release details on widely anticipated fiscal stimulus. China is considering more than 10 trillion yuan in debt issuance over a few years, Reuters reported Tuesday, citing sources. Whether it is 10 trillion yuan over three to five years, or 2 trillion yuan in one year, the average is about 2 trillion yuan in support a year, she pointed out.
Persons: Aly Song, That's, , Donald Trump, Kamala Harris, Harris, Ting Lu, Biden, Zhu Bin, Zhu, Trump, Liqian Ren, Ren, Xi Jinping, Lan Fo'an, Zong Liang, WisdomTree's Ren Organizations: Reuters, U.S, Investors, National People's, Trump, Nomura, Nanhua, CNBC, U.S ., WisdomTree, People's Bank of, Ministry of Finance, Finance, Bank of China Locations: Yiwu, Zhejiang province, China, Reuters BEIJING, Beijing, U.S, United, People's Bank of China
European leaders have struggled to formulate a unified Sino-European strategy, with some states echoing U.S. calls for a complete disassociation — or decoupling — while others have preferred a softer, derisking approach. China has urged France to take on "an active role" to push the European Commission towards a solution acceptable to both the European and Chinese electric vehicle industries, Beijing's commerce ministry said on Monday, citing its minister. Wang Wentao, in a meeting with French junior trade minister Sophie Primas in Shanghai on Sunday, reiterated the European Union's investigation into China's EVs is a major concern and has "seriously hindered" China-EU auto industry cooperation. The EU launched an anti-subsidy investigation into imports of Chinese-made battery EVs last year and in October voted for tariffs on those vehicles. China in the past year has launched its own investigations into European pork and dairy, and imposed temporary anti-dumping measures on imports of brandy from the EU early this month.
Persons: Wang Wentao, Sophie Primas Organizations: European Commission, French, Sunday, EU Locations: China, France, Shanghai, EU
Ukraine is facing a grim outlook along sectors of the front, especially in the east. AdvertisementRussia's grinding offensive operations have been gaining momentum in eastern Ukraine as challenges for the defenders mount. Ukraine's shocking invasion of Russia's Kursk region briefly took the focus off the fighting in the Donbas, but now Ukraine is losing ground both inside Russia and at home. Ukraine faces severe manpower shortages as its forces are stretched line across the front lines. Despite heavy losses, Russia has continued its momentum on Ukraine's eastern front.
Persons: Kyiv's, it's, , Ukrainian Armed Forces Oleksandr Syrskyi, YASUYOSHI CHIBA, Patrick Ryder, Michael Kofman, Jack Watling, Watling, Serhii Mykhalchuk, what's, Kofman, Trump, Mario Tama, Donald Trump, Kamala Harris, Harris, she'd, Ukraine's Organizations: Service, Ukrainian Armed Forces, Getty, Pentagon, Ukraine Russia's, Carnegie Endowment, International Peace, Royal United Services Institute, Foreign Affairs, Russian Defense Ministry Press Service, AP, Ukrainian National Security and Defense Council, Ukrainian Air Force, New York Times, Kyiv, Republicans Locations: Ukraine, Russia, Russia's Kursk, Donetsk, AFP, Kursk, Washington, Kyiv
China said it plans to sue the European Union after the bloc cracked down on its EV giants. The EU imposed sweeping tariffs on Chinese EV companies, including BYD, last week. The measures have raised fears that China might retaliate by slapping its own tariffs on European automakers. The EU voted to impose sweeping tariffs on Chinese EV companies like BYD in October. Advertisement"With this in mind, the Commission takes note of the request for WTO consultations lodged by China.
Persons: , Xpeng Organizations: European Union, EV, Service, World Trade Organisation, EU, WTO, Business, Commission, Volkswagen, BMW, Mercedes Locations: China, European, Europe, Hungary, Turkey
Some 4.74 million Chinese couples registered their marriages in the first three quarters of 2024, a decrease of 16.6% from the 5.69 million recorded in the same period last year, according to data released by the Ministry of Civil Affairs on Friday. A rebound in marriages last year after stringent Covid restrictions were lifted appears to be an anomaly largely driven by pent-up demand. Many are postponing marriage and childbirth – and a growing number of young people even choose to eschew them entirely. The stubborn downward trend is also a result of changing attitudes to marriage, especially among young women who are becoming more educated and financially independent. In the first nine months of this year, some 1.96 million couples registered for divorces, a slight decline of 6,000 year-on-year, according to data from the Ministry of Civil Affairs.
Persons: , Cai Jingyu, Organizations: Hong Kong CNN, Ministry of Civil Affairs, Association, China isn’t Locations: Hong Kong, China, Beijing, People’s Republic, India, Shenyang Imperial, Shenyang, Japan, South Korea
According to Moldova’s Central election commission, with 100% of votes counted, Sandu had 55% of the total. Its leader, a regular visitor to Russia, met with Russian President Vladimir Putin in March. In his congratulatory note to Sandu Monday, US President Joe Biden declared “Russia failed” in its attempt to undermine Moldova’s democracy. Meanwhile, Ukraine is breathing a sigh of relief at the results of Moldova’s election. If Russia’s gains turn from tactical to strategic, Moldova faces a threat much bigger than election interference.
Persons: Maia Sandu, Sandu, Alexandr Stoianoglu, Konstantin Kosachev, Andrey Klishas, , , Vadim Ghirda, Vladimir Putin, Joe Biden, Vladislav Culiomza, Volodymyr Zelensky Organizations: CNN, EU, Moldova’s, Moldovan, Kremlin, European Union, AP, “ Russia, Reuters Locations: Moscow, Russia, Moldova, Russian, Chisinau, upending, Ciopleni, AP Russia, Transnistria, Ukraine, Donbas, Moldova’s, Gagauzia, Sandu, EU, Georgia, trepidation, Romanian
Israel announced Sunday that it carried out a special ground operation in Syria "in recent months," according to a statement from the Israel Defense Forces. The IDF also say they detained an "Iranian terror network operative" during the mission, who they identified as Ali Soleiman al-Assi. The ministry added that the strikes hit a military site in Hama and a car assembly plant in Hassia. Syrian state television also reported that the strikes hit vehicles loaded with medical and relief supplies and ignited a large fire in the area. Israel has vowed to stop Iranian entrenchment in Syria, particularly since Syria is a key route for Iran to send weapons to the Lebanese militant group Hezbollah.
Persons: Israel, Ali Soleiman, SANA Organizations: Sunday, Israel Defense Forces, IDF, Hezbollah, Hamas Locations: Syria, Israel, Hama, Hassia, Iran, Lebanese, Gaza
Valizadeh had worked for Radio Farda, an outlet under Radio Free Europe/Radio Liberty that’s overseen by the U.S. Agency for Global Media. The State Department told the AP that it was “aware of reports that this dual U.S.-Iranian citizen has been arrested in Iran” when asked about Valizadeh. “We are working with our Swiss partners who serve as the protecting power for the United States in Iran to gather more information about this case,” the State Department said. The Voice of America, another U.S. government-funded media outlet overseen by the Agency for Global Media, first reported the State Department was acknowledging Valizadeh’s detention in Iran. Meanwhile, Iranian state television aired footage Sunday of different cities across the country marking the anniversary of the embassy takeover.
Persons: Reza Valizadeh, Ayatollah Ali Khamenei, Valizadeh, Radio Farda, Iran ”, Hossein, Khamenei, , America, Benjamin Netanyahu, Hassan Nasrallah, Yahya Sinwar Organizations: Associated Press, U.S . State Department, American Embassy, Iran’s, Radio Farda, Radio Free, Liberty, U.S . Agency for Global Media, Radio, Iran’s Intelligence Ministry, Human Rights, News Agency, The State Department, State Department, United Nations, America, Agency for Global Media, Embassy, Guard, U.S Locations: Iranian, American, Iran, Tehran, Israel, U.S, Radio Free Europe, United States, South Korea, Valizadeh, Lebanese
But that’s not what happened to Greg Jr. That’s what happened to his parents, Greg Sr. and Lynn McDonald. One of them is a portrait of their son, Greg Jr., around the time his parents confronted him about his secret. An undated family photo shows Greg Jr., Greg Sr., Lynn and Connie McDonald. Courtesy Greg Sr. and Lynn McDonaldEven so, Greg Jr. learned to be quiet and blend in. They didn’t know how to answer this question: Can you still love God, the Bible and your gay son?
Persons: Greg McDonald Jr, , you’re, ” Greg Jr, Betsy, Greg Jr, he’d, He’d, , that’s, Greg Sr, Lynn McDonald, Greg, , Austin Steele, ” Rob Bell’s, Charles Swindoll’s “, Ali Forney, , PFLAG –, Lynn, , McDonald, Hodges, Jon Cherry, Kahlib Barton, Barton, they’re, ” Barton, Connie, Grace ’, ” Greg Sr, He’ll, Connie McDonald, ” Lynn, James Dobson, ” Dobson, Jeff Fusco, ” Lynn McDonald, Abraham, Isaac, “ Wanna, Karen, David Gushee, ethicists, Gushee, ” Gushee, Gushee’s, Jesus, , Lynn’s, ’ ’ ’ Lynn, David Quinones, Quinones, Deb, Josh, ” Quinones, David Quinones Quinones, ” David Quinones, Andy Stanley, Stanley, Sterling Graves, Albert Mohler, podcaster, Mohler, ” “, ” Mohler, Dominic Gwinn, ” Stanley, Andy, “ Greg Jr, ” Greg McDonald, ‘ We’re, Greg McDonald, They’ve, Patrick Potulski, Potulski, ” Potulski, Standing, he’s Greg Jr, Jon, doesn’t, John Blake Organizations: CNN, McDonalds, Christian, Ali, Supreme, Kentucky State Capitol, DePaul University in, DePaul, Fashion Institute of Technology, , Episcopal, North Point Community Church, North, , Southern Baptist Theological Seminary, National Conservative Conference, Washington D.C, McDonald Locations: Grand Rapids , Michigan, America, Chattahoochee, Atlanta, Christian, Frankfort , Kentucky, DePaul University in Chicago, Philadelphia, Chicago, New York City, Duluth , Georgia, New Zealand, Georgia, North Point, Atlanta ., North, Washington, AFP, England, South Africa, Australia, Ethiopia, Poland
CHISINAU, Moldova (AP) — Moldova’s pro-Western President Maia Sandu has won a second term in a pivotal presidential runoff against a Russia-friendly opponent, in a race that was overshadowed by claims of Russian interference, voter fraud, and intimidation in the European Union candidate country. Today, you have saved Moldova!” Sandu said after claiming victory after midnight. Moldova’s large diaspora, which cast ballots in record numbers of more than 325,000 voted, heavily in favor of Sandu in the runoff. The presidential role carries significant powers in areas such as foreign policy and national security and has a four-year term. But the results of the ballots including Sunday’s vote were overshadowed by allegations of a major vote-buying scheme and voter intimidation.
Persons: — Moldova’s, Maia Sandu, Sandu, Alexandr Stoianoglo, ” Sandu, Stoianoglo, , , Ursula von der Leyen, you’ve, Stanislav Secrieru, Secrieru, Dorin Recean, Vladislav Culiomza, Silviana Zestrea, Ilan Shor, oligarch, Shor, Father Vasilii, it’s, Cristian Cantir, ” Savlina, Stringer Organizations: Western, European Union, Central Electoral Commission, CEC, Russia Party of Socialists, , Sunday, Moldovan, Northampton, Reuters, , EU, Police, Associated Press, Oakland University, AP, ” Moldovan Locations: CHISINAU, Moldova, Russia, “ Moldova, Sandu, Belarus, Azerbaijan, Turkey, Frankfurt, Germany, Liverpool, Soviet, Chisinau, Bucharest, Comrat, Gagauzia, EU, European, Ukraine, Brussels, Moscow
China's Premier Li Qiang to speak at import expo in Shanghai
  + stars: | 2024-11-03 | by ( ) www.cnbc.com   time to read: +1 min
Li Qiang, China's premier, delivers a special address on the opening day of the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. China's Premier Li Qiang will deliver remarks at the opening ceremony of this week's China International Import Expo, the Chinese commerce ministry said on Sunday, as Beijing seeks to show the faltering economy is open for business. Leaders from Malaysia, Uzbekistan, Slovakia, Kazakhstan, Mongolia and Serbia are among those expected for the opening ceremony and other events at the seventh import expo, which runs from Tuesday to Saturday in Shanghai, the foreign ministry said. Launched by President Xi Jinping in 2018, the expo this year is an opportunity to showcase China's opening up and reform agenda, as the world's second-largest economy faces growing global trade barriers and domestic challenges. The European Union plans to send representatives to the country soon for more negotiations regarding price commitments in their ongoing EV tariff dispute.
Persons: Li Qiang, Xi Jinping Organizations: Economic, China, European Union Locations: Davos, Switzerland, China, Beijing, Malaysia, Uzbekistan, Slovakia, Kazakhstan, Mongolia, Serbia, Shanghai, United States, Europe
Apart from making up for a shrinking labor force and the need to reduce workloads for drivers, the system also will help cut carbon emissions, she said. The plan in Switzerland involves an underground pathway, while the one being planned in London will be a fully automated system running on low-cost linear motors. Japan's shortage of truck drivers is worsening due to laws that took effect earlier this year that limit the amount of overtime drivers can log. The domestic transport capacity stands at about 4.3 billion metric tons, almost all, or more than 91%, by trucks, according to the Japan Trucking Association. As is true in most places, truck drivers have tough jobs requiring them to be on the road for days at a time, work that most jobseekers find unappealing.
Persons: Stanislav Kogiku, it's, Yuri Endo, Endo Organizations: Getty, Japan, Ministry of Land, Transport, Japan Trucking Association, Trucking Association Locations: Shinjuku , Tokyo, Tokyo, Osaka, Infrastructure, Tourism, Japan, Switzerland, Great Britain, London, U.S, United States
Taiwanese Coast Guard personnel work on a vessel off the coast of Nangan Township, in the Matsu Islands on Oct. 15, 2024, a day after China conducted the "Joint Sword-2024B" military drills around Taiwan. Taiwan's defense ministry said on Sunday it had spotted 35 Chinese military aircraft, including fighters and bombers, flying to the island's south on the way to exercises in the Pacific, a second day in a row it has reported such activities. China's defense ministry did not respond to a request for comment on the missions, reported just days before Tuesday's U.S. presidential election. The United States is bound by law to provide Taiwan with the means to defend itself, and its arms sales to Taipei, including a $2 billion missile system announced last month, infuriate Beijing. Taiwan's defense ministry said that from 9 a.m. (0100 GMT) on Sunday it had detected 37 Chinese military aircraft, including J-16 fighters, nuclear-capable H-6 bombers and drones.
Organizations: Coast Guard, U.S, infuriate Locations: Nangan Township, Matsu, China, Taiwan, Pacific, Taipei, United States, infuriate Beijing
Sirens sounded in central and northern Israel Saturday and the Israeli military continued to pummel Lebanon and Gaza, as cease-fire talks held this week yielded little hope of ending hostilities on the ground. The Israeli military bombed targets in Beirut's densely-populated southern suburbs overnight after warning residents to evacuate. It was the first time in several days that the area, a Hezbollah stronghold, had been hit. The Lebanese Health Ministry said 52 people were killed by the Israeli strikes, and 72 injured across the country on Friday. Health workers in Gaza told Reuters that at least 68 people were killed in Israeli strikes in the last 24 hours.
Persons: Israel, OMAR AL, Magen David Adom, Lior, Bill Burns, Abdel Fattah el, Hassan Rashad ., Brett McGurk, Amos Hochstein, Najib Mikati, Mikati, McGurk, Hochstein, Benjamin Netanyahu's, Ayatollah Ali Khamenei, United States “, General Mohammad Naeini, , Organizations: Israel Defense Forces, United Nations, Hamas, Lebanese Health Ministry, . Health, Reuters, Getty, Iran’s, Iran ”, CIA, American, Friday Reuters, Iranian, United, Islamic Revolutionary Guard Corps Locations: Israel, Lebanon, Gaza, Northern Gaza, , AFP, United States, Tira, Tel Aviv, Red Sea . U.S, Cairo, Iran, Fars, North Gaza
The Lebanese health ministry data and CNN’s analysis of airstrikes show that the Israeli military has dropped bombs within dangerous proximity of hospitals, which are protected under international law. Israel has regularly dropped 1,000-pound and 2,000-pound bombs on Lebanon, according to analysis of aftermath imagery by weapons experts, inflicting catastrophic damage to neighborhoods and towns. The Israeli military has argued that it has deployed these bombs as bunker busters to destroy Hezbollah’s underground infrastructure. The lethal fragmentation radius of these bombs puts nearby people and civilian structures, such as hospitals, at serious risk. That day, an Israeli airstrike hit the premises of Marjayoun governmental hospital in a southern Christian town of the same name.
Persons: , Mohammad Fouani, ” Fouani, ” Israel, Yara Nardi, Firass Abiad, Abiad, Israel, , Firas Abiad, ” Trevor Ball, ” Abiad, what’s, Thaer Ahmad, Al Nasser, Khan Younis, CNN Ahmad, ” Ahmad, Bint Jbeil, Salah, Mones Kalakish, Beirut’s, Jihad Saadeh, Foany, ” CNN’s Rachel Wilson, Abeer Salman, Mohammad Tawfeeq Organizations: CNN, Rafik Hariri University Hospital, Hariri University Hospital, Reuters, Israel Defense Forces, , CNN CNN, IDF, Hezbollah, UN, Lebanese Civil Defense, Red Cross, Rights, Al Sahel General Hospital, General Hospital, Lebanese, Zahra University Hospital, Zahra University, Beirut’s Rafik Hariri, Hospital Locations: Israeli, , Iran, Beirut, Israel, Lebanon, Lebanese, Gaza, Al Sahel, American, Dahiyeh, al, Bint, Christian
North Korea said it tested a new long-range intercontinental ballistic missile this week. Related storiesPrior to this latest test, North Korea had last launched an ICBM test in December 2023, according to the James Martin Center for Nonproliferation Studies North Korea Missile Test Database. AdvertisementHowell said the latest test's reportedly longer flight time would suggest North Korea was "improving the sophistication of its delivery systems." "Through Moscow's assistance, North Korea has advanced its artillery and missile capabilities," Zelenskyy wrote. It comes as the US and South Korea held joint drone strike drills for the first time, South Korea's Yonhap news agency reported on Friday.
Persons: , KCNA, Kim Jong Un, Read, kA8m36NARX, Kim Jong, Virginie Grzelczyk, Grzelczyk, Edward Howell, James Martin, Howell, Lee Sangmin, Sangmin, Volodymyr Zelenskyy, Zelenskyy Organizations: Service, NK News, Korea, NK NEWS, School of Social Sciences, Humanities, Aston University, Korea Foundation, Chatham, Pacific Program, James Martin Center, Nonproliferation Studies North Korea Missile Test, South Korea's Korea Institute for Defense Locations: Korea, Japan, Korean, North Korea, Chatham House's Asia, South, Ukraine's, South Korea
Defense firms are busy — but high inflation and interest rates past 20% have left them struggling. AdvertisementIn Russia's defense sector, demand is surging — but its companies are struggling all the same. Rising interest rates and export bans were eroding Russian defense companies' profits across the board, they said, making the Russian state the only guarantor of revenues. Sheremeta described the situation as a "death spiral," where war spending begets more inflation, which requires more war spending. "If some defense companies cannot fulfill their obligations, the Kremlin can simply nationalize them," Sheremeta said.
Persons: , Sergei Chemezov, Roman Sheremeta, Sheremeta, Daniel Treisman, Korhonen, Julian Cooper, Konstantin Sonin, Sonin Organizations: Service, Rostec, Weatherhead School of Management, Case Western Reserve University, Bloomberg, University of California, National Bureau of Economic Research, Central Bank, Bank of Finland Institute, Emerging, Centre for Russian, East European Studies, University of Birmingham, University of Chicago Harris School of Public, Project Syndicate Locations: Russia, Ukraine, Russian, Los Angeles
China eases rules for foreign investment in listed companies
  + stars: | 2024-11-02 | by ( ) www.cnbc.com   time to read: 1 min
Statues of bulls in Pudong's Lujiazui Financial District in Shanghai, China, on Monday, Oct. 21, 2024. China issued revised regulations on Friday for foreign investors in its listed companies, expanding eligibility criteria and easing financial requirements in a bid to attract more foreign investment. Under the new regulations, China will allow foreign individuals to invest strategically in listed companies, the Ministry of Commerce said in a statement. The asset threshold for non-controlling foreign investors has been lowered, now requiring $50 million instead of $100 million. The country will also add tender offer as an approved investment method, along with private placement and negotiated transfer, the statement said.
Organizations: Ministry of Commerce Locations: Lujiazui, Shanghai, China
The streets were full of people walking to procure basic supplies with their cars ruined and the streets undrivable because of the mud and debris. Spain’s Interior Ministry said in a statement that regional administrations are responsible for sending alerts to warn the population of possible flooding and other natural disasters. Mazón is also under fire for his announcement at 1:00 p.m. on Tuesday that the storm front would “lose strength” by 6:00 p.m. The size and violence of the extreme weather event was shocking and extremely difficult for any administration to prepare for and predict. But Valencia, on Spain’s Mediterranean coast, has a history of autumn storms that produce floods, albeit at a smaller magnitude than this monster of a storm.
Persons: , Carlos Mazón Organizations: Union, Popular Party Locations: Spain, Valencian, Valencia
Israel’s air force pounded Beirut’s southern suburb of Dahiyeh overnight, destroying dozens of buildings in several neighborhoods, Lebanon’s state-run National News Agency said Friday. Recently, Israel has intensified its airstrikes on the northeastern city of Baalbek and nearby villages, as well as different parts of southern Lebanon. Lebanon’s Health Ministry said an Israeli airstrike on a mountain town overlooking Beirut also killed three people and wounded five. On Oct. 6, an Israeli strike in Qamatiyeh killed six people, including three children, Lebanon’s Health Ministry said. The war began after Hamas-led militants stormed into Israel on Oct. 7, 2023, killing some 1,200 people — mostly civilians — and abducting 250 others.
Persons: Qamatiyeh Organizations: National News Agency, Lebanon’s Health Ministry, Associated Press, Heath Ministry, Hamas Locations: Dahiyeh, Israel, Baalbek, Lebanon, Gaza, Beirut, Qamatiyeh, Ein
CNN —Eight people were killed in the Serbian town of Novi Sad on Friday when the roof of a railway station collapsed, according to the country’s interior minister. Rescuers were at the scene of the accident within minutes of an emergency call being made, according to Dacic. APSerbia’s Prime Minister, Milos Vucevic, offered his condolences to families of victims affected by the incident, while thanking first responders. According to CNN affiliate N1, the railway station’s roof was renovated in 2021. More renovation work took place months later, and the building was officially reopened on July 5 this year.
Persons: Ivica Dacic, , Milos Vucevic Organizations: CNN, Ministry, Serbia’s Locations: Serbian, Novi Sad
As many as 8,000 North Korean troops are being deployed to Kursk, US officials said on Thursday. "If these North Korean troops engage in combat or combat support operations against Ukraine they would make themselves legitimate military targets." "One of the reasons that Russia is turning to these North Korean troops is that it's desperate," Blinken said. Now he's turning to North Korean troops. AdvertisementSouth Korean President Yoon Suk-yeol's administration has considered sending teams to observe North Korean troops in Ukraine, which it says will not require parliamentary consent.
Persons: they're, Antony Blinken, , Blinken, Lloyd Austin, Austin, Volodymyr Zelenskyy, Vladimir Putin's, Putin, they've, Yoon Suk Organizations: US, Service, Kyiv, Ukrainian, South, State Department, North Korea, North, Ukraine, Pentagon, Austin, Research, South Korean Legislative, Russia's Ministry of Defense, Business Locations: Kursk, Russia, Ukraine, Washington, Pyongyang, Moscow, North Korea, South Korea, Poland, Seoul
Dubbed the Iron Beam, the shield aims to use high-power lasers to counter an array of projectiles, including missiles, drones, rockets and mortars, Israel’s defense ministry said this week. “The initial capability of the ground-based laser system… is expected to enter operational service within one year,” he said. Israel first unveiled a prototype of the Iron Beam in 2021 and has since been working to get it up and running. From Social MediaIt is unclear if Iran has developed a laser defense system of its own. Experts say the Iron Beam could also act as a deterrent to further attacks by Iran or its proxies.
Persons: ” Eyal Zamir, , Israel, Benjamin Netanyahu’s beachside, Yehoshua Kalisky, Rafael, Naftali Bennett, ” Sascha Bruchmann, Kalisky, Benjamin Netanyahu's, Hunter, Bruchmann, Israel “, ” Bruchmann Organizations: CNN, Rafael, Defense Systems, Elbit Systems, Israel’s, Institute for National Security Studies, Israel Defense Forces, Rafael Advanced Defense Systems, , Institute for Strategic Studies, US Navy, Pentagon, New York Times, Hamas, Times . CNN Locations: Iran, Israel, Gaza, Lebanon, Yemen, Syria, Iraq, Caesarea, Lebanese, Tel Aviv, London, United Kingdom, China, Russia
Russia faces a crisis whether it continues the war or not, economist Alexander Mertens says. War spending has been a major boost to Moscow's GDP growth and wealth, and ending the war will be tricky. If Russia continues the war, the economy looks on track for a "severe recession" and long-running stagnation, Mertens said. "The current state of the Russian economy is far from critical but it does present Putin with a dilemma. The Russian economy is not yet close to collapse, but it is increasingly dependent on wartime conditions and faces growing risks of overheating."
Persons: Alexander Mertens, , Vladimir Putin, Mertens, Merten, Putin, That's Organizations: Service, Kyiv's International Institute of Business, Ukraine, Atlantic Council, Russian National Welfare Fund, Kremlin, International Monetary Fund Locations: Russia, Ukrainian, Ukraine
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