US MARINE CORPS OFFICER
Iran expands ballistic missile facilities, reveals new satellite images
Recent satellite imagery reveals Iran's significant expansion of ballistic missile facilities at the Modarres and Khojir sites near Tehran. Confirmed by Iranian officials and analyzed by experts, this development involves over 30 new buildings and increased drone manufacturing. The expansion follows Iran's agreement to supply missiles to Russia for its war against Ukraine, raising strategic concerns for the US and Israel. Iran's missile and drone supplies to allied groups further intensify regional tensions.
France's Macron keeps prime minister in place for 'stability of the country' after chaotic election
French President Emmanuel Macron has asked Prime Minister Gabriel Attal to remain in office for the time being to ensure stability in the country. Attal had previously offered his resignation, but is prepared to stay as a caretaker.
British PM's 1st day at 10 Downing St. will stretch from nuclear weapons briefing to Larry the cat
On his first day in office, Starmer will get briefings from senior civil servants about key issues facing the government, receive congratulatory phone calls from world leaders and begin the process of appointing his Cabinet.
Amazon Pay India top up; GST summons for egaming firms
Amazon has pumped Rs 600 crore in its local fintech unit Amazon Pay India. This and more today’s ETtech Top 5.
Whirlpool shares jump 19% on report Robert Bosch is weighing bid
This year, Whirlpool, which owns brands like Maytag and KitchenAid, has experienced disappointing sales as U.S. consumers have reduced spending on major purchases. The company's stock has dropped 29% from the beginning of the year up to Tuesday's close.
Japan's economy is shrinking, although slightly less than previously thought
Japan GDP growth: Revised government data shows Japan's economy shrank at an annual rate of 1.8%, an improvement from the initial estimate of 2.0%. Private sector investments were revised to minus 0.4%. Weak consumer spending, a depreciating yen, and a scandal involving improper vehicle tests at major automakers are among the challenges faced. The Bank of Japan's next move is closely watched.
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France President Macron dissolves French parliament, calls a snap election after defeat in EU vote
The announcement came after the first projected results from France put the far-right National Rally party well ahead in the European Union's parliamentary elections, handing a chastening loss to Macron's pro-European centrists, according to French opinion poll institutes.
Big tech is driving the S&P rally. The rest have to step up soon
Tech stocks face diverging performances as Nvidia leads the pack, while Apple struggles, causing a profit cool down and an emerging asymmetry among Big Tech stocks, affecting the overall earnings potential in 2024.
HSBC cuts Elastic Run valuation; Hero MotoCorp doubles down on Ather
HSBC has cut its valuation estimate for B2B ecommerce firm Elastic Run by nearly half, bringing it under $1 billion. More on this in today’s ETtech Top 5.
ABB Mulling Sale of Some Electric Mobility Assets
ABB is considering selling part of its E-mobility business, including EV charging stations and R&D facilities in China, with potential buyers showing interest. The sale could fetch $100-200 million, but ABB may opt against it. The assets include ABB E-mobility's direct and alternating current charger operations. ABB has not commented, but notes it has sold over 1 million EV chargers globally. The company's CEO sees growth potential in China.
France's far right may win big in EU elections. That's worrying for migrants, Macron and Ukraine
The June 6-9 elections in all 27 EU countries will shift the makeup of the European Parliament and policymaking in the European Commission, the EU's executive arm, likely further toward the right and far right. And that could boost Le Pen's chances of winning France's presidency in 2027, a long-time dream.
Chinese firms turn from ‘Panda’ to ‘Skunk’ as US tensions flare
Chinese investments in the US have trailed behind smaller economies like Spain and Singapore in recent years, according to the US Bureau of Economic Analysis.
Google highlights Microsoft's cyber failures in effort to lure customers
Government agencies that switch 500 or more users to Google Workspace Enterprise Plus for three years will get one year free and be eligible for a "significant discount" for the rest of the contract, said Andy Wen, the senior director of product management for Workspace. The Alphabet division is offering 18 months free to corporate customers that sign a three-year contract, a hefty discount after that and incident response services from Google's Mandiant security business. All customers will receive free consulting services to help them make the switch.
Crashed ship that took down Baltimore bridge refloated, towed from channel
The removal of the Dali marked a significant step in the Port of Baltimore's recovery from the boat's March 26 collision with one of the bridge's support pillars. The bridge's collapse killed six road workers and hindered traffic through the busiest port for car shipments in the U.S.
Iranian Foreign Minister Hossein Amir-Abdollahian, who died in chopper crash, was Iran's anti-Western top diplomat
Iran Helicopter Crash: Iranian Foreign Minister Hossein Amir-Abdollahian, known for his anti-Israel stance and ties to the Revolutionary Guards, tragically died in a helicopter crash with President Ebrahim Raisi. Amir-Abdollahian sought to end Iran's isolation, restore ties with Saudi Arabia, and navigate US sanctions. His diplomatic career was marked by efforts to revive negotiations on Iran's nuclear program, with strong links to the IRGC. He was born in 1964 in Damghan and held degrees from the University of Tehran.
Global chips battle intensifies with $81 billion subsidy surge
The concern over China’s rapid advances in key electronics turned into a full-scale panic during the pandemic because chip shortages emphasised the significance of these tiny devices for economic security.
Air Vanuatu files for bankruptcy protection after cancelling all international flights
Ernst & Young Australia's Morgan Kelly, Justin Walsh and Andrew Hanson were appointed liquidators in an equivalent of a US Chapter 11 bankruptcy, the firm said in a statement. The liquidators said safety and maintenance checks would be made before normal operations resumed.
Giant batteries are transforming the way the U.S. uses electricity
Power companies across the US are using large batteries, similar in size to shipping containers, to tackle the main drawback of renewable energy: the inconsistency of wind and solar availability.
The Blue Angels: Here’s a look at documentary’s release date, plot, production team and trailer
'The Blue Angels' offers an inside look into the Navy-Marine Corps Flight Demonstration Squadron, showcasing their selection process, training, and high-flying performances. Directed by Paul Crowder and produced by J.J. Abrams, this documentary promises an immersive experience, highlighting the dedication and skill of these elite pilots.
Russia reinsurer backs firms to get India marine insurance permit: Sources
A state-owned reinsurer in Russia has provided financial support to three Russian insurance companies. This backing enables them to obtain Indian approval to offer marine insurance coverage to tankers. The move comes as Moscow aims to facilitate trade with India amidst Western sanctions.
Firefighter, forester, trail builder: The first US Climate Corps jobs are here
The American Climate Corps by Biden govt offers job opportunities in climate-related fields across various states. It aims to recruit and train thousands of young individuals to combat climate change and transition into clean energy careers.
Amid alert in US, Iran again warns Israel of retaliation, says "attack won't remain unanswered"
This comes as the Iranian top general attended the funeral procession of military officer Mohammed Reza Zahedi on Saturday, vowing Iran would respond to the strike on its embassy consulate in Damascus that killed top figures from its Revolutionary Guard Corps.
Mukesh Ambani's RIL in spotlight as world's biggest fund managers hunt for AI winners beyond the US
Major investment firms worldwide are seeking the next generation of artificial intelligence (AI) leaders beyond the borders of the United States. Despite the significant rise in the valuation of Nvidia Corp. and a notable increase in a key American semiconductor index, propelled by global enthusiasm for AI, investors are now turning their attention to emerging markets for greater value and a wider array of investment opportunities. Reliance Industries Ltd., led by billionaire Mukesh Ambani, stands out among these emerging players
Marine Corps Birthday: When was it founded and a look into history
Every year on November 10, people in the United States observe the Marine Corps Birthday. The day is celebrated as the birthday of the United States Marine Corps. Further, the Marine Corps was founded on November 10, 1775.
Nine Republicans vying for speaker position in the U.S. House
Nine Republicans have emerged as candidates for the position of Speaker of the U.S. House of Representatives, which has been vacant since October 3. The candidates include Tom Emmer, Byron Donalds, Austin Scott, Kevin Hern, Mike Johnson, Gary Palmer, Pete Sessions, Jack Bergman, and Dan Meuser. Each candidate brings their own qualifications and vision for leading the chamber, and the outcome of this election will have a significant impact on the direction and agenda of the House of Representatives.
Rocky star Burt Young, known for iconic role as Paulie Pennino, passes away at 83
Actor Burt Young, best known for his role as Paulie Pennino in the Rocky film series, has died at the age of 83. Young's portrayal of Rocky's friend and brother-in-law earned him an Oscar nomination and left a lasting impact on the world of cinema. Sylvester Stallone paid tribute to Young, calling him an "incredible man and artist." Beyond Rocky, Young had a versatile career in both film and television, showcasing his talent and enduring appeal to audiences.
F-35 Crash: U.S. military jet pilot calls 911 from South Carolina home after ejection. Here’s what happened to his plane
A US military F-35 fighter jet pilot, whose plane went missing and crashed, contacted emergency services. He ejected, landing in a South Carolina home, seeking help. The pilot informed 911, stating the plane had crashed, requesting rescue efforts. Remarkably, the jet continued flying unmanned, possibly due to flight control software. This raised difficulties in the search and rescue operation.
Tragedy strikes as US Military chopper crashes during joint drills in Australia: 3 Marines lost
The tragic incident occurred amidst the ongoing Predators Run, the largest Australian-led military exercise in the Territory. With the participation of 2,500 troops, including 500 US Marines, this significant exercise aims to enhance joint military capabilities.
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