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☆ South Korea, US Troops Hold Drills With Drones, Laser Sensors
▼ + stars: | 2023-10-27 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

By Hyonhee Shin and Daewoung KimINJE, South Korea (Reuters) - South Korean and U.S. troops held joint future combat drills involving drones, an unmanned vehicle and wearable laser sensors this week as part of efforts to modernise their militaries, Seoul's army said on Saturday. The training came as South Korea's military conducts a series of annual Hoguk autumn exercises aimed at improving responses to North Korea's nuclear and missile threats. The drills also mobilised various high-tech weapons systems aimed at beefing up future combat capabilities, with the troops wearing multiple integrated laser engagement systems (MILES), which uses lasers to simulate actual battle. Several drones were flown for reconnaissance purposes, some also firing an assault rifle, while South Korea dispatched a multipurpose unmanned vehicle to carry wounded personnel. South Korea's army launched the TIGER brigade last year as a pilot unit for future warfare operations using artificial intelligence-powered drones and highly mobile fighting vehicles.

Persons: Hyonhee Shin, Daewoung Kim INJE, Choi Jeong, Derek Chen, Daewoung Kim, Raju Gopalakrishnan Organizations: Reuters, Korean, Korea Combat Training, South, Korean army's 25th Infantry Division, TIGER, 2nd Stryker Brigade Combat Team, U.S . 4th Infantry Division Locations: South Korea, U.S, Korean, Pyongyang, Inje, South, Britain, Uzbekistan, Cambodia

☆ Bologna's 'leaning' tower, the Garisenda, closed off amid subsidence fears
▼ + stars: | 2023-10-25 | by ( Julia Buckley | ) edition.cnn.com time to read: +5 min

And now the medieval Garisenda “leaning” tower in Bologna is sparking very modern publicity, with concern that it might be subsiding. But it leans at an angle of four degrees – only a little more upright than the Leaning Tower of Pisa, set at a tipsy five-degree angle. Shortened in later years, it sits in the city center beside the Asinelli – a tower twice the height, which tourists can climb. Lepore said that the tower “has been leaning for several centuries, and it has been the subject of various interventions over decades.”The Garisenda, seen next to the higher Asinelli tower, leans at a four-degree angle. Lepore represents the center-left Democratic Party, and his council opposition has cast him as failing to protect the tower.

Persons: we’ll, Stanley Tucci, CNN — Dante Alighieri, Charles Dickens, Dante, Matteo Lepore, ”, Lepore, Genoa’s, ” Lepore, “, Lucia Borgonzoni, Borgonzoni, Fabio Bergonzini Organizations: CNN, intel, Northern League, Democratic Party Locations: Italy, Bologna, Manhattan, Pisa, Emilia, Romagna, Lepore, “

☆ UniCredit to have more than 10 bln euros in excess capital by end-2023 - CEO to paper
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: 1 min

Unicredit logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsROME, Oct 25 (Reuters) - UniCredit (CRDI.MI) will have more than 10 billion euros ($10.60 billion) in excess capital by end-2023 and will consider whether to use it for M&A deals or to reward its shareholders, the lender's Chief Executive said in an interview published on Wednesday . "If M&A at our conditions is complicated, what is left is distribution (of capital). Therefore what we will give back from 2024 will have an ordinary component and probably and extraordianry one," Andrea Orcel told Italian financial daily Il Sole 24 Ore.($1 = 0.9432 euros)Reporting by Gianluca Semeraro, writing by Giulia Segreti, editing by Alvise ArmelliniOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Andrea Orcel, Gianluca Semeraro, Giulia Segreti, Alvise Organizations: REUTERS, Rights, Thomson

☆ I’ve Written About Cars for Over 30 Years. Here’s Why ‘Ferrari’ Is the First Great Car Movie
▼ + stars: | 2023-10-20 | by ( Dan Neil | ) www.wsj.com time to read: 1 min

MAXIMUM FERRARI In a scene from director Michal Mann’s ‘Ferrari,’ Piero Taruffi (played by Patrick Dempsey) drives his 315 S to victory in the 1957 Mille Miglia, the famous 1,000-mile road race around Italy. Photo: Eros Hoagland/NEONIT’S 1957 AND ENZO FERRARI (Adam Driver) is running late. Director Michael Mann’s concours-quality “Ferrari,” opening in December, finds the 59-year-old Il Commendatore in midlife crisis. The Great Engineer has a second family—including an illegitimate son, Piero—an empty bank account and an estranged wife/business partner, Laura (Penélope Cruz). She’s waiting at home with a Beretta.

Persons: Michal Mann’s ‘ Ferrari, ’ Piero Taruffi, Patrick Dempsey, Mille Miglia, Eros Hoagland, ENZO FERRARI, Adam Driver, Michael Mann’s, Piero —, Laura, Penélope Cruz Organizations: FERRARI, Peugeot Locations: Italy

☆ Leonardo da Vinci's vineyard closed to public by its billionaire owner
▼ + stars: | 2023-10-17 | by ( Julia Buckley | ) edition.cnn.com time to read: +7 min

La Vigna di Leonardo – or Leonardo’s Vineyard – is said to be what remains of the Milan vineyard owned by Leonardo da Vinci. He bought the Casa degli Atellani – two 15th-century conjoined houses in whose back garden the vineyard sits – in December 2022. The land Da Vinci fought forThe Casa degli Atellani has been bought by billionaire Bernard Arnault. But da Vinci didn’t forget his vineyard, writing notes about it in his “Codex Atlanticus” and successfully arguing for its return to him in 1507. “I hope the Casa degli Atellani and Leonardo da Vinci’s vineyard will remain open to the public,” she said.

Persons: we’ll, Stanley Tucci, Leonardo –, –, Leonardo da Vinci, delle, Vinci, Bernard Arnault, Arnault, Louis Vuitton, Moët Hennessy, Da Vinci, Ludovico ‘ Il Moro ’ Sforza, Sforza, ”, It’s, Leonardo, Luca Beltrami waded, Beltrami, da Vinci, Piero Portaluppi, Francesca Grignaffini, Atellani, Leonardo itineraries, wasn’t, Italy ’, LVMH, Francesca Caruso, she’s, Leonardo da, “ I’ve, Milan Organizations: CNN, intel, Louis, Casa, Independent, Agency, Alamy Locations: Milan, Santa, da Vinci, France, candia, Italy, Arnault, LVMH, Lombardy

Learn moreHit singer Olivia Rodrigo is heading on her second solo tour in 2024, with tickets still on sale for prospective Guts World Tour concert goers. If you want to buy tickets to the 2024 Guts World Tour, we've got you covered with a link for every individual Olivia Rodrigo Guts World Tour tour date appearance below. Olivia Rodrigo 2024 tour scheduleThe Guts World Tour begins in Palm Springs, CA, on February 23. Major cities tend to have higher prices for Olivia Rodrigo tickets, with concert dates in San Francisco, New York City, and Boston being among the most costly locations. As with standard tickets, original VIP tickets for Olivia Rodrigo's 2024 tour have also been sold out on Ticketmaster.

Persons: Olivia Rodrigo, Rodrigo, Olivia Rodrigo's, we've, Olivia Rodrigo Guts, Chappell Roan, Remi Wolf Organizations: North, Orlando, FL, St, Saint, New, Kansas City, UT, San, Ticketmaster, Silver Star, The Breeders, Breeders Locations: North America, Europe, Palm Springs , CA, American, United States, Canada, Springs, CA, Phoenix, AZ, Houston, Austin, Dallas, Orleans, LA, Miami, Charlotte, NC, Nashville, TN, Louis, Omaha, Saint Paul, Milwaukee, Chicago, Columbus, Detroit, MI, Montreal, Toronto, ON, Boston, New York City, NY, Dublin, Ireland, Manchester, England, Glasgow, Scotland, Birmingham, London, Antwerp, Belgium, Amsterdam, Netherlands, Oslo, Norway, Copenhagen, Denmark, Berlin, Germany, Hamburg, Frankfurt, Munich, Bologna, Italy, Zurich, Switzerland, Cologne, Paris, France, Barcelona, Spain, Madrid, Lisbon, Portugal, Philadelphia, Washington, Atlanta, Lexington, KY, Kansas, Oklahoma, Denver, Salt Lake City, San Francisco, Seattle, WA, Vancouver, BC, Portland, Inglewood, Palm Springs, San Francisco , New York City, Southern, The

☆ A desperate Russia may be just what North Korea needs to finally update its ancient Air Force
▼ + stars: | 2023-10-15 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +9 min

North Korean leader Kim Jong Un visited Russia in September on his first overseas trip since 2019. The visit was seen as Russia's attempt to secure North Korean support for Moscow's war in Ukraine. For North Korea, Russia's desperation may be a chance to get help upgrading its aging air force. Korean People's Army Air and Anti-Air ForceSouth Korean troops guard a MiG-19 that a North Korean pilot used to defect in May 1996. KCNA via REUTERSGiven the North Korean air force's needs, it's easy to see Kim's visit as something of a prospective shopping trip.

Persons: Kim Jong Un, —, Vladimir Putin, Sergei Shoigu, Kim, Putin, CHOO YOUN, Antonov, Mikhail Japaridze, Kim's, Kim strode, Shoigu, Sergey Kobylash, Denis Manturov, Kim Jong Organizations: North, Service, Russian Defense, Vostochny, Amur Aircraft, Knevichi, Korean People's Army Air, Air Force South, MiG, Getty, Air Force, North Korean, Defense Intelligence Agency, DIA, KCNA, REUTERS, Kremlin Locations: Russia, Ukraine, North Korea, Korean, Russian, Moscow, Pyongyang, KONG, AFP, Soviet Union, China, Komsomolsk, Vladivostok, Japan, Korea

WASHINGTON (AP) — The White House said on Friday that North Korea has delivered more than 1,000 containers of military equipment and munitions to Russia for its ongoing war in Ukraine. The containers were shipped between Sept. 7 and Oct. 1 between Najin, North Korea, and Dunay, Russia, according to the White House. The U.S. has accused North Korea of previously providing ammunition, artillery shells and rockets to Russia. North Korea has previously denied providing weaponry to Moscow. After decades of hot-and-cold relations, Russia and North Korea have drawn closer since Moscow’s invasion of Ukraine in 2022.

Persons: Kim Jong Un, Vladimir Putin, John Kirby, Kim, Kirby, “, Putin, Kim Il Sung, Kim Jong, Antony Blinken, Dmytro Kuleba, Kuleba Organizations: WASHINGTON, North, National Security, Democratic People's, Korean Central News Agency, The, Strategic, International Studies, Hamas, Ukrainian Foreign, State Department Locations: Korea, Russia, Ukraine, North Korean, Russian, Najin, North Korea, Dunay, DPRK, Democratic People's Republic of Korea, Pyongyang, U.S, South Korea, Moscow, Washington, United States, Soviet, North, Soviet Union, Israel

☆ Kia Corp unveils three smaller-medium-sized EVs to speed its electrification ambitions
▼ + stars: | 2023-10-12 | by ( Heekyong Yang | ) www.reuters.com time to read: +2 min

SEOUL, Oct 12 (Reuters) - Kia Corp (000270.KS) on Thursday unveiled three new small-to-medium sized electric vehicles (EV) to attract a wider range of customers in an effort to expedite its electrification strategies. The production of the EV5 will take place in both China and South Korea, Kia said, adding that the EV5 in China and South Korea would have different battery types. Kia did not disclose the detailed driving range of the EV5 for South Korea, adding that it will be tailored to meet market demands. Analysts said Kia's push to launch more affordable EVs is timely as an increasing number of car buyers are looking to purchase price friendly EVs. "While those early adopters have preferred more expensive premium electric vehicles, as EVs have become more popular among more general public, consumer needs for more affordable EVs have significantly grown," said Lee Jae-il, an analyst at Eugene Investment & Securities.

Persons: Kia, Song Ho Sung, ”, Spencer Cho, Lee Jae, Heekyong Yang, Sharon Singleton Organizations: Kia Corp, South, Kia, Global, Analysts, Eugene Investment, Securities, Thomson Locations: SEOUL, South Korea, China

☆ Union at Kia Corp suspends strike action to resume talks with company
▼ + stars: | 2023-10-11 | by ( Heekyong Yang | ) www.reuters.com time to read: +2 min

The union and Kia's management had been holding talks for three months over wage increases and an extension of the retirement age. Earlier, the union said it would limit working hours for six working days from Oct. 12 after negotiations stalled, in what would have been the first industrial action at Kia in three years. Kia declined to comment on the industrial action. Last month, the union at South Korea's second largest automaker with more than 26,600 members said 92.3% of its members had approved strike action unless the management accepts their demands. Because the deals with Hyundai Motor and affiliate Hyundai Mobis (012330.KS) were concluded without any industrial action, Kia's unions are likely to avoid any major industrial action, analysts said.

Persons: Kim Hong, Kia Corp's, Lee Jae, Heekyong Yang, Edmund Klamann Organizations: Kia Corp, REUTERS, Rights, Kia, Reuters, South, Hyundai Motor, Hyundai Mobis, Eugene Investment, Securities, Thomson Locations: Seoul, South Korea, Rights SEOUL, KS, South Korea's

☆ Kia Corp's unionised workers to go on partial strike over wages
▼ + stars: | 2023-10-11 | by ( Heekyong Yang | ) www.reuters.com time to read: +2 min

The logo of Kia Corp is seen on its electric vehicle EV6 during a photo opportunity in Seoul, South Korea, June 1, 2021. Last month, the union at South Korea's No.2 automaker with more than 26,600 members said 92.3% of its members had approved strike action unless the management accept the demands. The union said it would work regular hours on days when they are holding talks with the management. Kia declined to comment on the strike. Shares in Kia Corp were trading up 0.7%, versus the benchmark KOSPI's (.KS11) 2.1% rise as of 0217 GMT.

Persons: Kim Hong, Kia Corp's, Kia, Lee Jae, Heekyong Yang, Edmund Klamann Organizations: Kia Corp, REUTERS, Rights, Kia, South, Hyundai Motor, Hyundai Mobis, Eugene Investment, Securities, Thomson Locations: Seoul, South Korea, Rights SEOUL, KS

☆ Lawmakers take aim at credit card interest rates, fees as cardholder debt tops $1 trillion
▼ + stars: | 2023-10-10 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

"We do not see a path forward for legislation to cap credit card interest rates," Seiberg said. There are 70 million more credit card accounts open now than in 2019, it said. Credit card interest rates have predominantly remained below 36% due to "self-restraint" by banks, though that's still "extremely high" for a credit card, said Lauren Saunders, associate director at the National Consumer Law Center. I think some of the [political] lines are starting to blur a little bit, at least on credit card issues. How to reduce your personal card rate to 0%Rossman's general advice to consumers: Make your personal credit card rate 0%.

Persons: Luis Alvarez, Rossman, Seiberg, There's, that's, Lauren Saunders, Ted Rossman, Sen, Bernie Sanders, Alexandria Ocasio, Glenn Grothman, Grothman, Hawley Organizations: Digitalvision, Getty, Cowen Washington Research Group, Republican, Federal Reserve Bank of New, Federal Reserve, National Consumer Law Locations: Federal Reserve Bank of New York, Alexandria, Cortez, Jesús, Chuy, García

☆ Roma's Haavi relishes chance to build on Women's Champions League experience
▼ + stars: | 2023-10-10 | by ( Philip O'Connor | ) www.reuters.com time to read: +3 min

STOCKHOLM, Oct 10 (Reuters) - AS Roma forward Emilie Haavi cannot wait for another crack at the Women's Champions League after falling at the quarter-final stage last season, as they prepare to face Vorskla in a qualifying clash on Wednesday. The addition of the Norwegian provided a boost for Roma's attack, and they made last season's Women's Champions League quarter-finals after finishing second in their group behind German powerhouses VfL Wolfsburg. POSITIVE EXPERIENCE"I think it was a very positive experience last year, the whole Champions League was a little adventure for us. We had a little bit of luck with the draw, at the same time as we met a good level of opposition,” Haavi explained. Haavi believes the likes of Roma are getting closer to their European rivals thanks to the games they play against them.

Persons: Emilie Haavi, Haavi, LSK Kvinner, ”, Roa, I've, ” Haavi, Caroline Graham Hansen, Ingrid Syrstad Engen, Roma, Stadio Tre Fontane, Philip O'Connor, Toby Davis Organizations: AS Roma, Women's, League, Roma, Olimpico, Reuters, Roa IL, Serie, VfL Wolfsburg, Champions League, Stadio, Thomson Locations: STOCKHOLM, Norway, Italy, France, Norwegian, Barcelona

A pair of shoes is pictured in a window of a Birkenstock footwear store in Berlin, Germany, January 21, 2021. Birkenstock is the latest high-profile listing to put investor focus on the initial public offering (IPO) market, which is gradually reopening after two relatively quiet years and a burst of activity in September. Due to recent price hikes, worldwide footwear sales are expected to rise just 2.9% over 2022, according to market research firm Euromonitor International. AllBirds (BIRD.O), Dr Martens (DOCS.L), and On Running (ONON.N) have all seen their market value fall since their IPOs in 2021. "When you look at the trend of other shoe companies that have IPO-ed, it doesn't give a great outlook for Birkenstock," Valechha said.

Persons: Fabrizio Bensch, Birkenstock, Kellogg, Mamta, Cheviot, Valechha, Johann Adam Birkenstock, Barbie, Margot Robbie, Jessica Ramirez, Jane Hali, Siobhan Gehin, Roland Berger, Thomas Hayes, sneaker, Dr Martens, Allbirds, Alexandre Arnault, LVMH, Bernard Arnault, Matt Oguz, Iris, L, Ananya Mariam Rajesh, Helen Reid, Emma, Victoria Farr, Echo Wang, Abigail Summerville, Deepa Babington Organizations: REUTERS, LVMH, New York Stock Exchange, Euromonitor, Associates, Dick's Sporting, Reuters, Partners, Norges Bank Investment Management, Thomson Locations: Berlin, Germany, New York, London, Neustadt, United States, U.S, Cannes, Silicon Valley

☆ Opinion: The strange story of how I became a character in a North Korean novel
▼ + stars: | 2023-10-05 | by ( Opinion Mike Chinoy | ) edition.cnn.com time to read: +13 min

She is preparing to make a reporting trip to North Korea in 2009 and is wrestling with conflicting emotions. In fact, this character named “Michael Chinoy” is me — making me one of a very small number of real-life Americans who appear with a speaking part in any North Korean novels. I also met the late North Korean leader Kim Il Sung, grandfather of current dictator Kim Jong Un, three times. Former CNN International Editor Eason Jordan stands behind North Korean leader Kim Il Sung and US President Jimmy Carter in Pyongyang in 1994. Although published more than a quarter century ago, “Eternal Life” only became available on North Korea websites in the past decade.

Persons: Mike Chinoy, Kim Ryong Yon, Byun Sa, hwang, Mike Chinoy Mike Chinoy, “ Michael Chinoy ”, Meredith Shaw, Shaw, “, “ Michael Chinoy, “ Michael, Kim Il Sung, Kim Jong Un, Kim Jong Il, Mitch Farkas, Billy Graham, Ruth, Graham, Eason Jordan, Sun Myung, Moon, Kim Il, Kim, ”, Eason, Jimmy Carter, Jordan, Jimmy Carter’s, Carter, Clinton, Song Sang Won, Baek Bo Heum, Ah, “ I’ve, “ Mr, ” Jordan, “ Thunderclap, Paek Bo Hum, Sang, Will Ripley, Byun, hyang, Michael Chinoy, — it’s Organizations: University of Southern, China Institute, CNN, American Journalists, North Korean Writers ’ Union, Korean American CNN, University of Tokyo Institute of Social Science, DPRK, North, Leader, CNN International, Unification, North Koreans, Former CNN International Locations: University of Southern California’s US, Beijing, Asia, China, People’s Republic, Korean American, North Korea, Korea, American, North, Korean, “, insignificance, Russia, Pyongyang, North Koreans, Let’s, gaslighting

☆ Opinion: Paris’ bedbug bedlam
▼ + stars: | 2023-10-04 | by ( David A. Andelman | ) edition.cnn.com time to read: +7 min

He formerly was a foreign correspondent for The New York Times and Paris correspondent for CBS News. But conquering the city’s bedbug infestation, too, could prove to be an Olympian challenge. The deputy mayor of Paris has also asked Prime Minister Élisabeth Borne to take it on. A French government survey found that at least 11% of all French households reported having a bedbug infestation between 2017 and 2022. The tried-and-true solution to combating bedbugs is as old as Paris itself.

Persons: David A, CNN —, David Andelman, Élisabeth Borne, Borne, they’re, ”, Mathilde Panot, bedbugs, ” Panot, who’d, Anne Hidalgo, Emmanuel Gregoire, implore Borne, Gregoire, Hidalgo, they’ve, Charles de Gaulle, Jean, Michel Berenger, Dior, Mayra Peralta, “, Rue de Solferino, you’ve Organizations: CNN, French Legion of, The New York Times, CBS News, Maison, Legion, French Socialist Party, David Andelman CNN, Paris, bedbugs, Metro, Paris’s, French National, France Insoumise, Paralympic, EnVi Media, PUNAISES RUE DE, Rue de Locations: Paris, Paris’s, France, Seine, Le, “, Rue

VENICE (AP) — Firefighters worked until dawn Wednesday to remove the wreckage of a bus that crashed in a borough of Venice, Italy, across the lagoon from its historic center, killing 21 people and injuring at least 15, mostly foreign tourists returning to a nearby camping site. The shuttle was connecting Piazzale Roma, in Venice's historic center, to the Hu campground in Marghera, another borough of Venice neighbouring Mestre. He was an experienced driver, Venice city councilor Renato Boraso said. I carried a woman out on my shoulders, then a man,” Erheneden told the Venice daily il Gazzettino. In 2017, 16 people on a bus carrying Hungarian students died in an accident near the northern city of Verona.

Persons: — Firefighters, Michele Di Bari, Alberto Rizzotto, Renato Boraso, Erheneden, ” Erheneden, “, ’, Luigi Brugnaro Organizations: VENICE, —, Venice prefecture, Piazzale Roma, Venice Locations: Venice, Italy, Piazzale, Venice's, Marghera, Mestre, Italian, Verona, Avellino

☆ 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

☆ Oddity Tech expects revenue growth up to 31%, according to preliminary third-quarter results
▼ + stars: | 2023-10-02 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +1 min

Oddity Tech released preliminary third-quarter results on Monday that show expected revenue growth of 29% to 31%, driven by repeat sales at its Il Makiage and Spoiled Child brands. The newly public retailer, which started trading on the Nasdaq in July and uses artificial intelligence to develop products, had previously expected sales to grow by about 20.5% in the three months ended Sept. 30. So far this year, sales have jumped by about 58% with adjusted EBITDA of at least $89 million, Oddity said. They're responsible for the high satisfaction, which leads to our great repeat rates, it drives our strong profitability and our high growth. Without these models, we would never be able to print these results, we would just be another unprofitable [direct-to-consumer] company."

Persons: Lindsay Drucker Mann, Drucker Mann, They're Organizations: Tech, Nasdaq, CNBC Locations: Tel Aviv

☆ How GlobalFoundries aims to remain world’s third-biggest semiconductor foundry
▼ + stars: | 2023-10-01 | by ( Katie Tarasov | ) www.cnbc.com time to read: +10 min

Based in upstate New York, GlobalFoundries isn't a household name because it's manufacturing semiconductors that are designed and sold by other companies. "Look at every electronic device in your house, and I would bet you money that every one of those devices has at least one GlobalFoundries chip in it," Thomas Caulfield, GlobalFoundries CEO, told CNBC. GlobalFoundries chips are inside everything from smartphones and cars to smart speakers and Bluetooth-enabled dishwashers. Although GlobalFoundries' chips are considered legacy nodes, the process and resources needed are still incredibly complex. GlobalFoundries' Fab 8 in Malta, New York, where Equipment Engineering Manager Chris Belfi led CNBC's Katie Tarasov on a tour on September 5, 2023.

Persons: GlobalFoundries, it's, Thomas Caulfield, They're, GlobalFoundries isn't, Caulfield, Abu, Moorhead, Jerry Sanders, Katie Tarasov, Carlos Waters, Daniel Newman, couldn't, TSMC, China's, STMicroelectronics, Hui Peng Koh, that's, Chris Belfi Organizations: HK GM LMT, GlobalFoundries, CNBC, Bluetooth, Nvidia, Taiwan Semiconductor Manufacturing Company, Devices, AMD, Chartered Semiconductor, Nasdaq, Futurum, U.S, Semiconductor Manufacturing International, Samsung, fabs, United Microelectronics, we've, Upstate Locations: New York, China, U.S, Singapore, Germany, France, Malta , New York, Dresden, Malta, Vermont, South Korea, Taiwan, TSMC, Crolles, Chengdu, Upstate New York, Europe, Koh, Arizona, Asia

☆ India is a growing defense powerhouse, and now it's looking to cash in on it
▼ + stars: | 2023-10-01 | by ( Paul Iddon | ) www.businessinsider.com time to read: +7 min

But it has been investing heavily in its domestic arms industry with the goal of equipping its own forces and increasing its arms sales around the world. Recent arms sales and exercises illustrate how India seeks to turn that domestic arms production into foreign sales and perhaps even take some of that market away from its biggest supplier. The leaders discussed "defense platforms" and "equipment-related linkages" and deepening cooperation between their militaries and defense industries. (Egypt and India collaborated on development of the Helwan HA-300 light supersonic interceptor in the 1960s, but that project was ultimately canceled.) After all, Indian defense exports in recent years were negligible compared to heavyweights like the US and France, and New Delhi remains heavily reliant on imports.

Persons: —, JEWEL SAMAD, Swathi, Modi, Abdel Fattah al, Egypt's, Abdel Fattah el, Sisi, Narendra Modi, MANJUNATH KIRAN, Paul Iddon Organizations: Service, Getty, Armenia —, Armenia, Indian Press, Anadolu Agency, Indian, Indian Air Force, Tejas, Hindustan Aeronautics Limited Locations: India, New Delhi, Russia, Ukraine, Moscow, Armenia, East, Egypt, France, Cairo, Brahmos, Bangalore, China

Tottenham Hotspur striker Son Heung-min secured the exemption after his Korean team won gold at the last Games in Jakarta in 2018. K-pop star Suga, songwriter and rapper for the boy band supergroup BTS, began the enlistment process for mandatory military service last month, making him the third BTS member to go off to perform the military duty. The military service law was amended several years ago to allow selected K-pop megastars to defer their service to aged 30, but not to avoid it entirely, with a large section of the population against giving stars like BTS special treatment. "We have players (in the current squad) who have been exempt from military service by winning gold medals in past editions of the games, but... we also several players who have not yet avoided military service. "But of course, because a gold medal gives one an exemption, and we have many who haven't done their service yet... we should perform at our best and get the gold."

Persons: Lee, Kelley L Cox, Son Heung, Kwon, Suga, Faker, Lee Sang, Baek, chul, Kim Woomin, I’m, ” Kim, Choo Il Seung, I'm, Heo Hoon, Martin Quin Pollard, Eduardo Baptista, Ian Ransom, Toby Davis Organizations: DRX, League of, Chase Center, USA, Rights, South, Hangzhou Asian Games, North, Asian Games, Tottenham Hotspur, Korean, BTS, League, China, Qatar, Thomson Locations: San Francisco , California, USA, Rights HANGZHOU, China, North Korea, South, Jakarta, Korea, Hangzhou, Qatar, Beijing

☆ Factbox-Travis King: What Happened to Other US Soldiers Who Defected to North Korea?
▼ + stars: | 2023-09-27 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +3 min

(Reuters) - Private Travis King, the U.S. soldier who ran into North Korea in July, is in U.S. custody after North Korea expelled him into China, U.S. officials said on Wednesday, following rare diplomatic cooperation between the U.S., North Korea and China. A U.S. military spokesman later said an investigation indicated that White crossed into North Korea of his own free will. In a video released by the North, White denounced the United States and praised North Korea and its then leader Kim Il-Sung. - Charles Robert Jenkins walked into North Korea when on patrol on the DMZ in 1965. - James Joseph Dresnok was a 21-year old U.S. army private stationed in South Korea in 1962 when he fled to the North.

Persons: Travis King, Joseph T, White, Kim Il, Charles Robert Jenkins, Jenkins, Hitomi Soga, Soga, James Joseph Dresnok, Dresnok, Jerry Wayne Parrish, Larry Allen Abshier, Kim Jong, Dresnok's, Josh Smith, David Brunnstrom, Phil Stewart, Chizu Nomiyama Organizations: Reuters, U.S, North, Korea Times, United Nations Command, Washington Post Locations: U.S, North Korea, China, China . U.S, South Korea, Pyongyang, United States, Vietnam, Japan, Korean

☆ Travis King: What happened to other US soldiers who defected to North Korea?
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +3 min

Sarah Leslie/Handout via REUTERS/File Photo Acquire Licensing RightsSept 27 (Reuters) - Private Travis King, the U.S. soldier who ran into North Korea in July, is in U.S. custody after North Korea expelled him into China, U.S. officials said on Wednesday, following rare diplomatic cooperation between the U.S., North Korea and China. A U.S. military spokesman later said an investigation indicated that White crossed into North Korea of his own free will. In a video released by the North, White denounced the United States and praised North Korea and its then leader Kim Il-Sung. - Charles Robert Jenkins walked into North Korea when on patrol on the DMZ in 1965. - James Joseph Dresnok was a 21-year old U.S. army private stationed in South Korea in 1962 when he fled to the North.

Persons: Travis T, Sarah Leslie, Handout, Travis King, Joseph T, White, Kim Il, Charles Robert Jenkins, Jenkins, Hitomi Soga, Soga, James Joseph Dresnok, Dresnok, Jerry Wayne Parrish, Larry Allen Abshier, Kim Jong, Dresnok's, Josh Smith, David Brunnstrom, Phil Stewart, Chizu Organizations: Security Area, REUTERS, U.S, North, Korea Times, United Nations Command, Washington Post, Thomson Locations: Panmunjom, South Korea, U.S, North Korea, China, China . U.S, Pyongyang, United States, Vietnam, Japan, Korean

After receiving their silver medal in the men's team 10m running target, their country's first of the Games, the three North Korean athletes first broke with tradition by declining to turn towards the flag during the rendition of the national anthem of the winners, South Korea. Then, during the customary group photo, where all medal winners bunch together for the cameras, the bronze medallists, Indonesia, joined South Korea on the top rung of the podium, but the three North Koreans, Kwon Kwang-il, Pak Myong-won and Songjun Yu, did not. During a brief, but awkward delay one of the South Koreans tapped one of the North Koreans on the shoulder and tried to speak to them, but the North Koreans kept silent and did not even look to their left where their rivals stood. The Hangzhou Asian Games is the first international multi-sport event North Korea is attending since the 2018 edition in Jakarta. The 1950-1953 Korean War ended in an armistice rather than a peace treaty meaning the two sides are still technically at war.

Persons: Jeong, Kwon Kwang, Pak Myong, Songjun Yu, Martin Quin Pollard, Dylan Martinez, Christian Radnedge Organizations: Sports Centre, North, South, Hangzhou Asian Games, Games, Koreans, Olympic Council of Asia, Hangzhou, International Olympic Committee, Beijing, Thomson Locations: Hangzhou, China, HANGZHOU, South Korea, Indonesia, North Koreans, North Korea, Korea, Jakarta . North Korea, Tokyo

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