ReportWire

Tag: INDS08

  • North Korea says it tested new solid-fuel ICBM, warns of ‘extreme’ horror

    North Korea says it tested new solid-fuel ICBM, warns of ‘extreme’ horror

    • Leader Kim Jong Un and family watch missile test
    • Test key to deploying missiles faster in war
    • South Korea, U.S. and Japan stage military drills

    SEOUL, April 14 (Reuters) – North Korea announced on Friday it had tested a new solid-fuel intercontinental ballistic missile (ICBM), a development set to “radically promote” its forces, which experts said would facilitate missile launches with little warning.

    Leader Kim Jong Un guided Thursday’s test, and warned it would make enemies “experience a clearer security crisis, and constantly strike extreme uneasiness and horror into them by taking fatal and offensive counter-actions until they abandon their senseless thinking and reckless acts”, North Korean state media said.

    Analysts said it was the North’s first use of solid propellants in an intermediate-range or intercontinental ballistic missile, a key task to deploying missiles faster during a war.

    South Korea’s defence ministry said North Korea was still developing the weapon, and that it needed more time and effort to master the technology, indicating that Pyongyang might carry out more tests.

    North Korean state media outlet KCNA released photos of Kim watching the launch, accompanied by his wife, sister and daughter, and the missile covered in camouflage nets on a mobile launcher. A state media video showed the Hwasong-18 missile blasting off from a launch tube, creating a cloud of smoke.

    The development of the Hwasong-18 will “extensively reform the strategic deterrence components of the DPRK, radically promote the effectiveness of its nuclear counterattack posture and bring about a change in the practicality of its offensive military strategy,” KCNA said, using the initials of the country’s official name.

    South Korea and the U.S. air forces staged drills hours after the report, involving American B-52H bombers that joined F-35A, F-15 and F-16 fighter jets, Seoul’s defence ministry said.

    “By deploying U.S. strategic assets with increased frequency and intensity, the two countries will continue demonstrating our strong alliance’s will that we will never tolerate any nuclear attack from North Korea,” the ministry said in a statement.

    North Korea has criticised recent U.S.-South Korean joint military exercises as escalating tensions, and has stepped up weapons tests in the past months.

    Japan also conducted separate air drills with two U.S. B-52 bomber jets on Friday, accompanied by four U.S. F-35 fighters and four Japanese F-15 fighters, Tokyo’s defence ministry said. It marked a second consecutive day of a Japan-U.S. joint air mission over the Sea of Japan.

    Japan asked the United Nations Security Council to convene an emergency meeting on North Korea’s ballistic missile launches, top government spokesperson Hirokazu Matsuno told a Friday press conference.

    Reuters Graphics Reuters Graphics

    MORE TESTS?

    Most of North Korea’s largest ballistic missiles use liquid fuel, which requires them to be loaded with propellant at their launch site – a time-consuming and dangerous process.

    “For any country that operates large-scale, missile based nuclear forces, solid-propellant missiles are an incredibly desirable capability because they don’t need to be fuelled immediately prior to use,” said Ankit Panda, a senior fellow at the U.S.-based Carnegie Endowment for International Peace. “These capabilities are much more responsive in a time of crisis.”

    North Korea will most likely keep some liquid-fuel systems, complicating the calculations of the U.S. and its allies during a conflict, Panda said.

    Vann Van Diepen, a former U.S. government weapons expert who now works with the 38 North project, said solid-fuel missiles are easier and safer to operate, and require less logistical support – making them harder to detect and more survivable than liquids.

    North Korea first displayed what could be a new solid-fuel ICBM during a military parade in February after testing a high-thrust solid-fuel engine in December.

    Analysts said the U.S. could determine between a solid- or liquid-fuelled launch with early warning satellites that can detect differences in the infrared data produced by various missile types.

    The latest launch came days after Kim called for strengthening war deterrence in a “more practical and offensive” manner to counter what North Korea called moves of aggression by the United States.

    The missile, fired from near Pyongyang, flew about 1,000 km (620 miles) before landing in waters east of North Korea, officials said. North Korea said the test posed no threats to its neighbouring countries.

    A South Korean military official said the missile’s maximum altitude was lower than 6,000 km, the apogee of some of last year’s record-breaking tests.

    “North Korea could have opted to focus on collecting data necessary to check its features at different stages than going full speed at the first launch,” said Kim Dong-yup, a professor at the University of North Korean Studies. “As it was a test that did not demonstrate its normal flight pattern, North Korea will likely conduct some more tests.”

    Reporting by Soo-hyang Choi; Editing by Leslie Adler

    Our Standards: The Thomson Reuters Trust Principles.

    Source link

  • Ukraine’s tech entrepreneurs fight war on a different front

    Ukraine’s tech entrepreneurs fight war on a different front

    PRAGUE, April 4 (Reuters) – Eugene Nayshtetik and his five co-workers shuttered their company developing medical and biotech startups to join the defense forces days after Russia invaded Ukraine. Within two months, their commanders agreed it would be more useful if they swapped their military gear for computers.

    With the government’s blessing, Nayshtetik and his team of engineers moved to neighboring Poland where they raised initial funding from a Polish company, Air Res Aviation, to develop a new drone for the Ukrainian military.

    Jerzy Nowak, president and co-owner of Air Res Aviation, said his company’s initial investment in the drone project amounted to around $200,000.

    The Defender drone, now ready for testing, is designed to withstand strong winds to enable surveillance in bad weather, can fly vertically and carry big payloads. It’s an example of how some startups in Ukraine’s dynamic tech sector are switching to pursue military projects.

    “We had our own portfolio of medical and biotechnology civilian projects before the war,” Nayshtetik told Reuters. “We never dreamt of killing people. We wanted to heal people but the situation changed.”

    Reuters spoke to more than a dozen entrepreneurs, as well as Ukrainian and Western officials who said the shift to military innovation in Ukraine’s once-thriving technology sector has bolstered the country’s out-manned and out-gunned armed forces.

    Military experts and Ukrainian officials told Reuters that innovations developed by these startups are making a difference on the battlefield, ranging from software applications that can target enemy positions more quickly to civilian drones adapted for military use, and systems that integrate data to give commanders more detailed battlefield views.

    “The Ukrainians are outmatched by every numerical scale: in terms of numbers of forces; in terms of numbers when it comes to equipment. And yet they’re holding their own,” said a senior NATO official, who spoke on condition of anonymity. “One of the reasons they’re holding their own is that they have, in a very innovative way, integrated technology into warfighting.”

    Before Russia’s invasion, Ukraine represented one of the fastest growing tech hubs in central and eastern Europe. The enterprise value of startups soared more than 9-fold between 2017 and 2022 to reach 23 billion euros, according to data from Dealroom.com.

    Ukraine offered a host of advantages for emerging technology businesses, including a tradition of producing graduates strong in math and computer science. A low cost base also allowed entrepreneurs to do more with less.

    The country boasted 285,000 software developers in 2021 with an additional 25,000 graduating from tech universities annually, according to software development outsourcing company Softjourn.

    But with most emerging companies in Ukraine focused on the domestic market, many startups suffered a collapse in demand following the war – which has killed tens of thousands of people, reduced cities to rubble and wreaked havoc on infrastructure.

    Pavlo Kartashov, director of the Ukrainian Startup Fund (USF), a government-backed organization that seeds technology startups, told Reuters his group resumed funding in October. It hopes to finance around five to 10 emerging companies a month with grants of up to $35,000.

    Most will focus on military technology, he said.

    The fund also aims to unveil in April a new platform to connect emerging companies more closely with the military to identify the needs on the battlefield and to speed the transformation of ideas into tools that can be used in the conflict.

    “If you have something innovative and efficient it will definitely be used by the army,” he told Reuters. “We need new technology to fight the enemy and can try different approaches in real time.”

    PLOUGHSHARES INTO SWORDS

    Since the war, Western venture capital firms often have required strict term sheets that include having at least one founder and other key parts of the business located outside Ukraine. So the government has become the sole source within the country of early stage funding – the lifeblood of the technology sector – more than half a dozen founders and venture capitalists said.

    Demand from the government has driven the shift to military technology, but most of the entrepreneurs who spoke to Reuters said that patriotic duty also played a role.

    Take Kiev-based efarm.pro, a startup founded in 2016 whose GPS technology attached to tractors helps farmers more precisely monitor how fertilizer has penetrated the ground. Many of its customers are located in parts of Ukraine that became too dangerous to farm after the Russian invasion so the company adapted its product to detect mines.

    The self-driving technology is only aimed at farmers for now but could also work for military vehicles, the company’s founder Alexander Prykhodchenko told Reuters.

    “Clients were calling us in the first days of the war saying they don’t know how they can work in the field,” Prykhodchenko said. “The war started on February 24 and on February 26 we started work on the new project.”

    Currently, only three of the tractors are in use as the autonomous technology remains in the testing and development phase, Prykhodchenko said.

    Ukraine’s Minister of Digital Transformation Mykhailo Fedorov said the intensity of the fighting has meant that some concepts can flow from the drawing board to the battlefield in months, if not days.

    While acknowledging the critical role of weapons supplied by Western nations in helping to fight the Russians, he added that the ability to utilize the know-how of tech-savvy Ukrainians at home and abroad has proved invaluable.

    “One of the few areas where Ukraine has managed to stay consistently ahead of Russia is in the use of innovative military technologies,” he wrote in a February article for the Atlantic Council.

    Russia says its own weapons industry is increasing production and introducing new technology fast to meet the demands of military operations in Ukraine.

    Gregory Allen, a senior fellow at the Center for Strategic & International Studies in Washington DC, highlighted the so-called “Uber for Artillery” application developed by a network of Ukrainian programmers before the Russian invasion that networks together infantry, reconnaissance and artillery units to spot and land an artillery strike more quickly.

    He also said that a pair of anonymous Ukrainian software developers had rapidly created a program in mid-2022 that used machine learning to analyze video feeds from drones to detect more effectively military vehicles camouflaged in forests. Reuters was not able to confirm independently the details of the software.

    “I used to work in the Defense Department, and I have almost never seen high quality military machine learning systems go from an idea in someone’s head to a real system being used in war in a matter of weeks,” Allen told Reuters. “The value of the Ukrainian software systems is impressive but the speed is astonishing.”

    The Pentagon’s chief weapons buyer Bill LaPlante has described Ukraine’s use of technology in the war as a “wake up call.”

    “We are seeing true innovation on the battlefield: new combinations of technologies and concepts being developed and implemented, and the cycle from idea to prototype to a warfighter’s hands collapsed to months, if not weeks,” LaPlante told a U.S. Congressional committee last month.

    ISRAELI MODEL

    While Ukraine’s government and tech founders are focused on war-time innovation to aid the military now, they say these emerging start ups can also underpin Ukraine’s post-war economy — pointing to Israel as an example of how military technology laid the foundation for a booming technology sector.

    Government support and experience working on military projects transformed Israel into a global tech hub and propelled the nation into a leader in cybersecurity and autonomous driving vehicles — a path Ukraine officials and tech leaders like Valery Krasovsky hope to emulate for a country with a pre-war population nearly five times that of Israel.

    “There are much more ideas in military technology,” said Krasovsky, the founder and chief executive of Swedish-Ukrainian Sigma Software Group.

    For now, the scarcity of seed funding in Ukraine has forced some companies to flee to places like to neighboring Poland. Groups like the Polish-Ukrainian Start Up Bridge – a Polish-government backed venture – offer emerging Ukrainian tech companies small grants to fund basic business needs and a co-working space in Warsaw.

    “Startups have had the past year to teach themselves how to survive and adapt to the new reality,” Mykhailo Khaletskyi, an advisor for the Startup Bridge and Ukrainian government, told Reuters.

    Additional Reporting by Andrew Gray and Sabine Siebold in Brussels, Elizabeth Piper in London and Mike Stone in Washington, Editing by Daniel Flynn

    Our Standards: The Thomson Reuters Trust Principles.

    Source link

  • Ukraine’s Zelenskiy aims for Western warplane coalition; Russians pressure Bakhmut

    Ukraine’s Zelenskiy aims for Western warplane coalition; Russians pressure Bakhmut

    • Poland pledges more MiG jets for Kyiv during Zelenskiy visit
    • Zelenskiy cites difficult situation for Kyiv’s forces in Bakhmut
    • France’s Macron in China to nudge it to help end Russia’s war

    KYIV, April 5 (Reuters) – Ukrainian President Volodymyr Zelenskiy said during a trip to Warsaw on Wednesday that Poland would help form a coalition of Western powers to supply warplanes to Kyiv, adding that Ukrainian troops were still fighting for Bakhmut in the east but could withdraw if they risked being cut off.

    Neighbouring Poland is a close ally of Ukraine and helped galvanise support in the West to supply main battle tanks to Kyiv. During Zelenskiy’s visit, Poland announced it would send 10 more MiG fighter jets on top of four provided earlier.

    “Just as your (Polish) leadership proved itself in the tank coalition, I believe that it will manifest itself in the planes coalition,” Zelenskiy said in a speech on a square in Warsaw.

    Earlier in the day, Zelenskiy said Ukrainian troops faced a really difficult situation in Bakhmut and the military would take “corresponding” decisions to protect them if they risk being encircled by Russian invasion forces.

    Ukrainian forces in Bakhmut sometimes advanced a little only to be knocked back, Zelenskiy said, but remained inside the city.

    “We are in Bakhmut and the enemy does not control it,” Zelenskiy said.

    BOMBARDMENT

    Bakhmut, in Ukraine’s mainly Russian-occupied Donetsk province, has proven one of the bloodiest and longest battles of Russia’s invasion, now in its 14th month. Kyiv’s forces have held out against a Russian onslaught with heavy losses on both sides and the city, a mining and transport hub, reduced to ruin after months of street fighting and bombardment.

    “For me, the most important is not to lose our soldiers and of course if there is a moment of even hotter events and the danger we could lose our personnel because of encirclement – of course the corresponding correct decisions will be taken by generals there,” Zelenskiy said.

    He appeared to be referring to the idea of withdrawing.

    However, Deputy Defence Minister Hanna Malyar said later in that the situation at the front was “completely under control” despite repeated Russian attempts to take Bakhmut and other cities in the east.

    Reuters could not verify the battlefield reports.

    Ukrainian military commanders have stressed the importance of holding Bakhmut and other cities and inflicting losses on Russian troops before an anticipated counter-offensive against them in the coming weeks or months.

    Mercenaries from the Wagner group – who have spearheaded the assault on Bakhmut – said at the weekend they had captured the city centre, a claim dismissed by Kyiv.

    The U.S.-based Institute for the Study of War said the Wagner fighters had made advances in Bakhmut and were likely to continue trying to consolidate control of the city centre and push westward through dense urban neighbourhoods.

    PLAYING THE CHINA CARD

    French President Emmanuel Macron, meanwhile, was visiting China after he and U.S. President Joe Biden agreed they would try to engage Beijing to hasten the end of the Russian assault on Ukraine.

    China has called for a comprehensive ceasefire and described its position on the conflict as “impartial”, even though the Chinese and Russian presidents announced a “no limits” partnership shortly before the invasion.

    Both Macron and European Commission President Ursula von der Leyen, due in Beijing shortly after him, have said they want to persuade China to use its influence over Russia to bring peace in Ukraine, or to at least deter Beijing from directly supporting Moscow in the conflict.

    The U.S. and NATO have said China was considering sending arms to Russia, which Beijing has denied.

    ‘SHOULDER TO SHOULDER’

    Poland has played a big role in persuading Western allies to supply battle tanks and other heavy weapons to Ukraine, which helped Kyiv stem and sometimes reverse Russian advances so far.

    “You have stood shoulder to shoulder with us, and we are grateful for it,” Zelenskiy said after Polish President Andrzej Duda presented him with Poland’s highest award, the Order of the White Eagle.

    Duda said Warsaw was also working to secure additional security guarantees for Ukraine at a NATO summit to be held in the Lithuania in July.

    Russian Foreign Minister Sergei Lavrov told state TV that Moscow needed to maintain relations with Washington even though American supplies of weapons to Ukraine meant “we are really in a hot phase of the war”.

    In addition to MiG-29s, Kyiv has also pressed NATO for F-16 jet fighters but Duda’s foreign policy adviser, Marcin Przydacz, said Poland would not decide soon on whether to send any.

    Reporting by Pavel Polityuk with additional reporting by Ron Popeski, Mike Stone, Alan Charlish, Pawel Florkiewicz and Tom Balmforth; writing by Angus MacSwan, Mark Heinrich and Idrees Ali; editing by Philippa Fletcher, Nick Macfie and Grant McCool

    Our Standards: The Thomson Reuters Trust Principles.

    Source link

  • Analysis: China’s intensifying nuclear-armed submarine patrols add complexity for U.S., allies

    Analysis: China’s intensifying nuclear-armed submarine patrols add complexity for U.S., allies

    HONG KONG, April 4 (Reuters) – China is for the first time keeping at least one nuclear-armed ballistic missile submarine constantly at sea, according to a Pentagon report – adding pressure on the United States and its allies as they try to counter Beijing’s growing military.

    The assessment of China’s military said China’s fleet of six Jin-class ballistic missile submarines were operating “near-continuous” patrols from Hainan Island into the South China Sea. Equipped with a new, longer-range ballistic missile, they can hit the continental United States, analysts say.

    The note in the 174-page report drew little attention when it was released in late November, but shows crucial improvements in Chinese capabilities, according to four regional military attaches familiar with naval operations and five other security analysts.

    Even as the AUKUS deal will see Australia field its first nuclear-powered submarines over the next two decades, the constant Chinese ballistic missile patrols at sea pile strain on the resources of the United States and its allies as they intensify Cold War-style deployments.

    “We’re going to want to have our SSNs trying to tail them… so the extra demands on our assets are clear,” said Christopher Twomey, a security scholar at the U.S. Naval Postgraduate School in California, speaking in a private capacity. SSN is a U.S. designation for a nuclear-powered attack sub. “But the point here is that the information – the near continuous patrols – has changed so rapidly that we don’t know what else has changed.”

    The new patrols imply improvements in many areas, including logistics, command and control, and weapons. They also show how China starting to operate its ballistic missile submarines in much the same way the United States, Russia, Britain and France have for decades, military attaches, former submariners and security analysts say.

    Their “deterrence patrols” allow them to threaten a nuclear counterattack even if land-based missiles and systems are destroyed. Under classic nuclear doctrine, that deters an adversary from launching an initial strike.

    The Chinese subs are now being equipped with a third-generation missile, the JL-3, General Anthony Cotton, the commander of the U.S. Strategic Command, told a congressional hearing in March.

    With an estimated range of more than 10,000 kilometres (6,214 miles) and carrying multiple warheads, the JL-3 allows China to reach the continental United States from Chinese coastal waters for the first time, the Pentagon report notes.

    Previous reports had said the JL-3 was not expected to be deployed until China launched its next-generation Type-096 submarines in coming years.

    The Chinese defence ministry did not respond to a request for comment on the Pentagon report and its submarine deployments. The Pentagon did not comment on its earlier assessments or whether the Chinese deployments posed an operational challenge.

    The U.S. Navy keeps about two dozen nuclear-powered attack subs based across the Pacific, including in Guam and Hawaii, according to the Pacific Fleet. Under AUKUS, U.S. and British nuclear-powered subs will be deployed out of Western Australia from 2027.

    Such submarines are the core weapons for hunting ballistic missile subs, backed by surface ships and P-8 Poseidon surveillance aircraft. The U.S. also has seabed sensors in key sea lanes to help detect submarines.

    Timothy Wright, a defence analyst at London’s International Institute for Strategic Studies, said U.S. forces could probably cope with the situation now, but would have to commit more assets in the next 10 to 15 years once the stealthier Type-096 patrols begin.

    China’s rapid expansion of its nuclear forces mean U.S. strategists must contend with two “nuclear peer adversaries” for the first time, along with Russia, he added.

    “That will be of concern to the United States because it will stretch U.S. defences, hold more targets at risk, and they will need addressing with additional conventional and nuclear capabilities,” he said.

    COMMAND AUTHORITY

    China’s navy has for years been thought to have the capability for deterrence patrols, but issues with command, control and communications have slowed their deployment, the military attaches and analysts say. Communications are crucial and complex for ballistic missile subs, which must remain hidden as part of their mission.

    The Jin-class subs, expected to be replaced by the Type-096 over the next decade, are relatively noisy and easy to track, the military attaches said.

    “Something concerning command authority must have also changed, but we just don’t have very good opportunities to talk to the Chinese about this kind of stuff,” Twomey said.

    The Chinese military has emphasised that the Central Military Commission, headed by President Xi Jinping, is the only nuclear command authority.

    Hans Kristensen, director of the nuclear information project at the Federation of American Scientists, said he believed command and communications issues remained a “work in progress”.

    “While China probably has made progress on establishing secure and operationally meaningful command and control between the Central Military Commission and the SSBNs, it seems unlikely that the capability is complete or necessarily fully battle hardened,” he said, using the designation letters for a nuclear-powered ballistic missile submarine.

    Two researchers at a Chinese navy training institute in Nanjing warned in a 2019 underwater-warfare journal of poor command organisation and co-ordination among submarine forces. The paper also urged improvements in submarine-launched nuclear strike capability.

    The navy must “strengthen ballistic missile nuclear submarines on patrol at sea, so as to ensure that they have the means and capabilities to carry out secondary nuclear counterattack operations when necessary,” the researchers wrote.

    SOUTH CHINA SEA ‘BASTION’

    With the advent of the JL-3 missile, Kristensen and other analysts expect Chinese strategists to keep their ballistic missile subs in the deep waters of the South China Sea – which China has fortified with a string of bases – rather than risk patrols in the Western Pacific.

    Collin Koh, a security fellow at Singapore’s S. Rajaratnam School of International Studies, said China could keep its ballistic missile submarines in a “bastion” of protected waters near its shores.

    “If I was the planner, I would want to keep my strategic deterrence assets as close to me as possible, and the South China Sea is perfect for that,” Koh said.

    Russia is thought to keep most of its 11 ballistic missile submarines largely in bastions off its Arctic coasts, while U.S., French and British boats roam more widely, three analysts said.

    Kristensen said the more numerous Chinese submarine deployments have meant the PLA and U.S. militaries increasingly “rub up” against each other – increasing the odds of accidental conflict.

    “The Americans of course are trying to poke into that bastion and see what they can do, and what they need to do, so that is where the tension can build and incidents happen,” he said.

    Reporting By Greg Torode in Hong Kong and Eduardo Baptista in Beijing; Additional reporting by Idrees Ali in Washington; Editing by Gerry Doyle.

    Our Standards: The Thomson Reuters Trust Principles.

    Source link

  • Nordic countries plan joint air defence to counter Russian threat

    Nordic countries plan joint air defence to counter Russian threat

    COPENHAGEN, March 24 (Reuters) – Air force commanders from Sweden, Norway, Finland and Denmark said on Friday they have signed a letter of intent to create a unified Nordic air defence aimed at countering the rising threat from Russia.

    The intention is to be able to operate jointly based on already known ways of operating under NATO, according to statements by the four countries’ armed forces.

    The move to integrate the air forces was triggered by Russia’s invasion of Ukraine in February last year, commander of the Danish air force, Major General Jan Dam, told Reuters.

    “Our combined fleet can be compared to a large European country,” Dam said.

    Norway has 57 F-16 fighter jets and 37 F-35 fighter jets with 15 more of the latter on order. Finland has 62 F/A-18 Hornet jets and 64 F-35s on order, while Denmark has 58 F-16s and 27 F-35s on order. Sweden has more than 90 Gripens jets.

    It was unclear how many of those planes were operational.

    The signing at the Ramstein Air Base in Germany last week was attended by NATO Air Command chief General James Hecker, who also oversees the U.S. Air Force in the region.

    Sweden and Finland applied to join the trans-Atlantic military alliance last year. But the process has been held up by Turkey, which along with Hungary has yet to ratify the memberships.

    The Nordic air force commanders first discussed the closer cooperation at a meeting in November in Sweden.

    “We would like to see if we can integrate our airspace surveillance more, so we can use radar data from each other’s surveillance systems and use them collectively,” Dam said. “We are not doing that today.”

    Reporting by Johannes Birkebaek and Jacob Gronholt-Pedersen; additional reporting by Terje Solsvik, Niklas Pollard and Anne Kauranen; Editing by Nick Macfie

    Our Standards: The Thomson Reuters Trust Principles.

    Source link

  • Factbox: What happened to the U.S. drone downed near Ukraine?

    Factbox: What happened to the U.S. drone downed near Ukraine?

    MOSCOW, March 15 (Reuters) – Russia and the United States have offered different accounts of the downing of a U.S. intelligence drone in the Black Sea.

    Below are the two accounts:

    WHAT THE UNITED STATES SAID:

    The United States announced on Tuesday that one of its MQ-9 “Reaper” intelligence and surveillance drones had been struck by a Russian Su-27 fighter. According to the U.S. Department of Defence the Russian fighter hit the drone’s propeller forcing U.S. forces to bring the drone down.

    “Several times before the collision, the Su-27s dumped fuel on, and flew in front of the MQ-9 in a reckless, environmentally unsound and unprofessional manner,” James B. Hecker, commander of U.S. Air Forces Europe and Air Forces Africa, said.

    “This incident demonstrates a lack of competence in addition to being unsafe and unprofessional,” Hecker said.

    The United States said the drone was conducting routine operations in international airspace when it was intercepted and hit by the Russian aircraft.

    WHAT RUSSIA SAID:

    Russia said the MQ-9 drone was flying near Crimea – which Russia annexed in 2014 – and heading towards territories which Russia considers its own.

    “As a result of sharp manoeuvring around 9.30 Moscow time, the MQ-9 unmanned aerial vehicle went into an uncontrolled flight with a loss of altitude and collided with the water,” Russia’s defence ministry said.

    Sukhoi Su-27 Flanker fighters of the Russkiye Vityazi (Russian Knights) aerobatic display team perform during a demonstration flight at the opening ceremony of the International Army Games in Alabino, outside Moscow, Russia, August 1, 2015. REUTERS/Maxim Shemetov/File Photo

    Russia said the transponders of the drone had been turned off and that fighters had been scrambled to identify it.

    “Russian fighters did not use airborne weapons, did not come into contact with the unmanned aerial vehicle and returned safely to the home airfield.”

    Russia’s ambassador to the United States, Anatoly Antonov, said the drone’s fight was unacceptable.

    “The unacceptable actions of the United States military in the close proximity to our borders are cause for concern,” Antonov said. “We are well aware of the missions such reconnaissance and strike drones are used for.”

    “If, for example, a Russian strike drone appeared near New York or San Francisco, how would the US Air Force and Navy react?” Antonov asked.

    He said the United States should stop flying drones so close to “Russian borders”.

    WHAT IS THE MQ-9 REAPER DRONE?

    According to the U.S. air force, the Reaper is “employed primarily as an intelligence-collection asset and secondarily against dynamic execution targets”.

    “Given its significant loiter time, wide-range sensors, multi-mode communications suite, and precision weapons, it provides a unique capability to perform strike, coordination, and reconnaissance against high-value, fleeting, and time-sensitive targets,” the air force says.

    “Reapers can also perform the following missions and tasks: intelligence, surveillance and reconnaissance, close air support, combat search and rescue, precision strike, buddy-lase, convoy and raid overwatch, route clearance, target development, and terminal air guidance.

    “The MQ-9’s capabilities make it uniquely qualified to conduct irregular warfare operations in support of combatant commander objectives.”

    Reporting by Guy Faulconbridge; Editing by Robert Birsel

    Our Standards: The Thomson Reuters Trust Principles.

    Source link

  • Another Norfolk Southern train derails in Ohio, railroad says no toxins aboard

    Another Norfolk Southern train derails in Ohio, railroad says no toxins aboard

    March 4 (Reuters) – A Norfolk Southern (NSC.N) train derailed in Ohio on Saturday, the second such incident involving the railroad in that state in about a month, prompting local officials to order residents living near the site of the accident to shelter in place.

    Norfolk Southern said the train that derailed near Springfield was not carrying any hazardous materials and that no one was hurt. Local authorities said first responders on the scene were working to confirm that no toxins were involved.

    The accident follows the Feb. 3 derailment of a Norfolk Southern train in East Palestine, Ohio, 180 miles (290 km)northeast of Springfield. The East Palestine derailment sent millions of pounds of toxic chemicals into the environment and forced thousands of people to evacuate.

    Norfolk Southern said in an emailed statement that Saturday’s derailment of about 20 cars of a 212-car train happened as it was traveling southbound near Springfield. The statement did not give any cause for the derailment.

    Latest Updates

    View 2 more stories

    “No hazardous materials are involved and there have been no reported injuries,” Norfolk Southern said. “Our teams are en route to the site to begin cleanup operations.”

    U.S. Transportation Secretary Pete Buttigieg said on Twitter he had been briefed by the Federal Railroad Administration on the latest derailment and that they would closely monitor the situation.

    Ohio Governor Mike DeWine said President Joe Biden and Buttigieg had called him to offer any assistance needed with the latest accident. “We don’t believe hazardous materials were involved,” he said.

    U.S. Senator Sherrod Brown, a Democrat from Ohio, said on ABC’s “This Week” on Sunday morning that he was not satisfied with the company’s response to the latest derailment and questioned if communities in Clark County could have been affected by any potential contaminants left in the mostly empty cars.

    Ohio has seen four derailments in the past five months, he noted.

    “The railroads got a lot of questions they’ve got to answer, and they really haven’t done it very well, yet,” Brown said.

    Clark County officials asked residents living within 1,000 feet (300 meters) of Saturday’s derailment to “shelter-in-place out of an abundance of caution,” according to a statement on the county’s Facebook page.

    It said there were power outages in the area due to downed power lines resulting from the accident and that it was not clear how long it would take to restore electricity.

    Reporting by Brad Brooks in Lubbock, Texas; Editing by Paul Simao, William Mallard and Marguerita Choy

    Our Standards: The Thomson Reuters Trust Principles.

    Source link

  • China plans 7.2% defence spending rise this year, faster than GDP target

    China plans 7.2% defence spending rise this year, faster than GDP target

    • China’s 2023 defence spending to rise 7.2%
    • Increase to outpace GDP growth target of around 5%
    • Premier Li says armed forces should boost combat preparedness
    • China investing in new hardware including aircraft carriers

    BEIJING, March 5 (Reuters) – China will boost defence spending by 7.2% this year, slightly outpacing last year’s increase and faster than the government’s modest economic growth forecast, as Premier Li Keqiang called for the armed forces to boost combat preparedness.

    The national budget released on Sunday showed 1.55 trillion yuan ($224 billion) allocated to military spending.

    The defence budget will be closely watched by China’s neighbours and the United States, who are concerned by Beijing’s strategic intentions and development of its military, especially as tensions have spiked in recent years over Taiwan.

    In his work report to the annual session of parliament, Li said military operations, capacity building and combat preparedness should be “well-coordinated in fulfilling major tasks”.

    “Our armed forces, with a focus on the goals for the centenary of the People’s Liberation Army in 2027, should work to carry out military operations, boost combat preparedness and enhance military capabilities,” he said in the state-of-the-nation address to the largely rubber-stamp legislature.

    Latest Updates

    View 2 more stories

    This year’s hike in defence spending marks the eighth consecutive single-digit increase. As in previous years, no breakdown of the spending was given, only the overall amount and the rate of increase.

    The spending increase outpaces targeted economic growth of around 5%, which is slightly below last year’s target as the world’s second-largest economy faces domestic headwinds.

    Beijing is nervous about challenges on fronts ranging from Chinese-claimed Taiwan to U.S. naval and air missions in the disputed South China Sea near Chinese-occupied islands.

    China staged war games near Taiwan last August to express anger at the visit to Taipei of then-U.S. House Speaker Nancy Pelosi.

    Li Mingjiang, associate professor at S. Rajaratnam School of International Studies in Singapore, said defence spending outpacing the economic growth forecast showed China anticipates facing greater pressures in its external security environment, especially from the United States and on the Taiwan issue.

    “Chinese leaders are clearly intensifying efforts to prepare the country militarily to meet all potential security challenges, including unexpected situations,” he said.

    China, with the world’s largest military in terms of personnel, is busy adding a slew of new hardware, including aircraft carriers and stealth fighters.

    ‘STRENGTHEN MILITARY WORK’

    Beijing says its military spending for defensive purposes is a comparatively low percentage of its GDP and that critics want to demonise it as a threat to world peace.

    “The armed forces should intensify military training and preparedness across the board, develop new military strategic guidance, devote greater energy to training under combat conditions and make well-coordinated efforts to strengthen military work in all directions and domains,” Premier Li said.

    Takashi Kawakami, a professor of Takushoku University in Tokyo, said China would probably give priority to its nuclear capability.

    “As China strengthens the new area of cognitive warfare over Taiwan, I think it will also use the budget to build up its cyber and space capabilities, as well as its submarine forces to target undersea cables,” he said.

    China’s reported defence budget in 2023 is around one quarter of proposed U.S. spending, though many diplomats and foreign experts believe Beijing under-reports the real number.

    The fiscal 2023 U.S. defence budget authorises $858 billion in military spending and includes funding for purchases of weapons, ships and aircraft, and support for Taiwan and for Ukraine as it fights an invasion by Russia.

    China has long argued that it needs to close the gap with the United States. China, for example, has three aircraft carriers, compared with 11 in active service for the United States.

    The Ukraine war has prompted some elements in China’s military-industrial complex to call for an increase in the defence budget.

    An article published last October in the official journal of the State Administration of Science, Technology and Industry for National Defence, a central government ministry responsible for wartime logistics, recommended an increase in the military budget given surges in defence spending from NATO member-states besides the United States.

    “This matter is not about participating in the international arms race, but defending our national security,” it said.

    ($1 = 6.9048 Chinese yuan renminbi)

    Reporting by Yew Lun Tian; Additional reporting by Eduardo Baptista, and Nobuhiro Kubo in Tokyo; Writing by Ben Blanchard; Editing by William Mallard & Simon Cameron-Moore

    Our Standards: The Thomson Reuters Trust Principles.

    Source link

  • Analysis: Putin’s nuclear treaty move raises stakes over China’s growing arsenal

    Analysis: Putin’s nuclear treaty move raises stakes over China’s growing arsenal

    • Efforts to nudge China to nuclear talks now harder -analysts
    • China warhead stocks rise but still far below U.S., Russia
    • Long term ‘no first use’ policy in question amid build-up

    HONG KONG, Feb 22 (Reuters) – Russia’s suspension of its last remaining nuclear weapons treaty with the United States may have dashed any hopes of dragging China to the table to start talking about its own rapidly accelerating nuclear arms programmes.

    Regional diplomats and security analysts had held out the prospect of China somehow being convinced to join U.S.-Russian talks on extending the New START arms control treaty ahead of its expiry in 2026 as a way of alleviating growing fears over Beijing’s rapid military modernisation.

    China’s nuclear arsenal sits at the core of those concerns as it grows in size and sophistication – an expansion that the United States recently noted is now gathering pace.

    The Pentagon’s annual China report released last November noted that Beijing appeared to accelerate its expansion in 2021 and now has more than 400 operational nuclear warheads – a figure still far below U.S. and Russian arsenals both deployed and in reserve.

    Latest Updates

    View 2 more stories

    By 2035 – when the ruling Communist Party’s leadership wants its military to be fully modernised – China will likely possess a 1,500 nuclear warhead stockpile and an advanced array of missiles, the Pentagon says.

    “Compared to traditional Russian-U.S. exchanges, China is a black box – but one getting bigger every year,” an Asian security diplomat said on Wednesday.

    “Putin’s suspension may have set us further back in terms of getting China to step up to the transparency table. There is so much we need to know about its policies and intentions.”

    In a speech ahead of the first anniversary on Friday of Russia’s invasion of Ukraine, President Vladimir Putin announced Moscow was suspending a treaty signed in 2010 that caps at 1,550 the number of strategic nuclear warheads the United States and Russia can each deploy while providing for mutual inspections.

    Analysts said the move could imperil the delicate calculus that underpins mutual deterrence between the two countries, long the largest nuclear powers by far, and spark an arms race among other nuclear states.

    Tong Zhao, a U.S.-based nuclear expert at the Carnegie Endowment for International Peace, said he believed Putin’s move limits the prospects of U.S.-China nuclear cooperation.

    “This is only going to make China even less interested in pursuing cooperative nuclear security with the United States,” Zhao told Reuters. “Now even this last example of arms control cooperation is being seriously undermined.”

    NO FIRST USE

    A nuclear power since the early 1960s, China for decades maintained a small number of nuclear warheads and missiles as a deterrent under its unique “no first use” pledge.

    That pledge remains official policy but the arsenal that surrounds it has grown rapidly in recent years as part of Beijing’s broader military modernization under President Xi Jinping.

    The People’s Liberation Army now has the ability to launch long-range nuclear-armed missiles from submarines, aircraft and an expanding range of silos in China’s interior – a “nuclear triad” that some experts fear could be used, for example, to coerce rivals in a conflict over Taiwan.

    The Pentagon also warns of possible conditions over “no first use” as the build-up continues – questions that echo many raised by regional military attaches and security scholars.

    “Beijing probably would also consider nuclear use to restore deterrence if a conventional military defeat gravely threatened PRC survival,” the Pentagon report notes, using the initials for China’s official name.

    A month earlier, Washington’s Nuclear Posture Review said Beijing is reluctant to engage in strategic nuclear discussions but that both bilateral and multilateral talks are needed.

    “The scope and pace of the PRC’s nuclear expansion, as well as its lack of transparency and growing military assertiveness, raise questions regarding its intentions, nuclear strategy and doctrine, and perceptions of strategic stability,” it said.

    Some experts believe Beijing has long been wary of being bound by any three-way talks with Russia and the United States given how far it remains behind U.S. capabilities, at least for another decade or more.

    FAILURE TO COMMUNICATE

    Academics familiar with once-regular unofficial and semi-official exchanges – so-called Track 2 and Track 1.5 discussions – with Chinese counterparts over nuclear policy say they have dried up over the last five years amid wider political tensions.

    Singapore-based strategic adviser Alexander Neill said he believed China might increasingly support Russia’s position rhetorically, while feeling emboldened to further accelerate its own build-up.

    That would make it harder for the United States and its allies to engage Beijing on its nuclear doctrine, particularly on “no first use”.

    “China has been consistent in supporting arms control between the U.S. and Russia and has long wanted to maintain the image of being a responsible stakeholder – but there are growing questions about the future,” said Neill, an adjunct fellow with Hawaii’s Pacific Forum think-tank.

    “The aim of the U.S. and its allies is to get crystal clarity over its ‘no first use’ policy because there’s the Taiwan question,” he said, referring to the democratically governed island that Beijing sees as its own territory.

    Carnegie’s Zhao said Putin’s announcement might increase the risk of inciting other nuclear powers to expand their nuclear arsenals and break long-held commitments not to stage fresh tests.

    “If that happens, it is a very negative development in terms of international … nuclear order.”

    Reporting By Greg Torode in Hong Kong and Martin Quin Pollard in Beijing; editing by Nick Macfie and Mark Heinrich

    Our Standards: The Thomson Reuters Trust Principles.

    Source link

  • Indian truckers say Hindenburg report a godsend in Adani dispute

    Indian truckers say Hindenburg report a godsend in Adani dispute

    • India’s Adani reopens two cement plants after freight dispute
    • Truckers believe Hindenburg report was answer to their prayers
    • Adani says amicable resolution reached after negotiations

    DARLAGHAT, India Feb 23 (Reuters) – For truckers transporting cement from Adani’s factories in a hilly north Indian state, a U.S. short-seller’s critical research report on the giant conglomerate was a godsend they say helped them save their livelihoods.

    For weeks, around 7,000 truck owners and drivers in India’s Himachal Pradesh resorted to protest rallies against Adani’s Dec. 15 decision to shut two cement plants over a dispute on freight rates. Adani argued the plants were “unviable” at the trucking rates it wanted to slash by around half.

    On Monday, the Gautam Adani-led group said it had “amicably resolved” the issue with a 10-12% reduction in rates. Truckers rejoiced, with a union leader in a street address labelling it as a victory after late-night talks with Adani.

    The settlement comes four weeks after U.S.-based Hindenburg Research accused Adani of stock manipulation and improper use of tax havens, allegations the group called baseless.

    Latest Updates

    View 2 more stories

    The Jan. 24 report triggered a $140 billion rout in group’s stocks, sparked regulatory investigations and saw the billionaire Adani slip to 26 on the Forbes global rich list, from third.

    While the truckers’ settlement will have only a small impact on the overall Adani empire, it was a big win for the drivers and owners in a state were most people live on around $7 a day.

    The report “played a crucial role in our battle against India’s biggest business group, helped mobilize truckers and gain political support,” said Ram Krishan Sharma, one of the lead negotiators for protesting truckers.

    Adani negotiators had refused to budge for weeks. So Hindenburg’s report, some truckers believe, was godsent.

    Just a day before it was published, many truckers visited a small, revered Hindu temple in Darlaghat which overlooks one of Adani’s cement plants, and offered a traditional semolina sweet offering to a deity as they sought to resolve the dispute.

    Bantu Shukla, a protest leader, showed Reuters a photo and video of truckers that day offering prayers inside the temple. Some stood with folded hands, while a person rang a temple bell in a typical Hindu worship ritual.

    ‘AMICABLE RESOLUTION’

    Adani Group did not answer Reuters questions on whether the Hindenburg report’s fallout contributed to its decision in Himachal.

    Adani Cements in a statement said it was “grateful” to all stakeholders including the unions, the local state chief minister and other departments, adding the “amicable resolution” was in interest of everyone including the state.

    A source familiar with Adani’s negotiation said the group had been under pressure following what it thinks was a “negative campaign” by Adani’s opponents after the Hindenburg report, and the settlement to reopen plants is a relief.

    Himachal is ruled by Prime Minister Narendra Modi’s staunch rival, the Congress party. After the Hindenburg report, Congress has renewed its claims that Modi for years has unduly favoured Adani. Both Adani and India’s government deny that.

    The source added the move will also help Adani signal it can resolve commercial matters in states ruled by Modi’s rivals.

    Without citing Hindenburg, the Himachal chief minister’s office on Monday said “we have been successful in resolving the issues” to end the 67-day dispute.

    WHATSAPP CHATS, PRAYERS AT TEMPLE

    Adani became India’s second largest cement manufacturer when it acquired ACC (ACC.NS) and Ambuja Cements (ABUJ.NS) in a $10.5 billion deal with Swiss giant Holcim (HOLN.S) last year.

    In December, it shut plants in the villages of Gagal and Darlaghat in Himachal, saying truckers were charging too much.

    The Adani group wanted freight rates to be lowered to around 6 rupees ($0.0725) per tonne per km, from around 11 rupees. Many truckers told Reuters they struggled to make their loan repayments as their incomes shrank after the shutdowns.

    As a stalemate worsened, truckers formed WhatsApp groups to coordinate efforts, vent frustration and later share Hindenburg’s impact on Adani companies and stock prices to further drum up support.

    One such WhatsApp group chat of around 1,000 truckers, reviewed by Reuters, showed sharing of a local reporter’s video discussing the sharp fall in Adani’s shares and his alleged close ties to Modi.

    Although they accepted a small cut in freight rates when Adani agreed to pay 9.3-10.58 rupees per km per tonne, truckers felt they saved their jobs, and prayers at the Hindu temple were organised again this week.

    “We felt our deity had accepted our prayers when we saw the fall in the share prices of Adani companies,” protest leader Shukla said. “The Hindenburg report was a gift that saved our businesses.”

    (This story has been refiled to remove extraneous word in paragraph 20)

    Reporting by Manoj Kumar, Aditya Kalra and Anushree Fadnavis; Editing by Lincoln Feast.

    Our Standards: The Thomson Reuters Trust Principles.

    Source link

  • U.S. shoots down unidentified cylindrical object over Canada

    U.S. shoots down unidentified cylindrical object over Canada

    WASHINGTON/OTTAWA, Feb 11 (Reuters) – A U.S. F-22 fighter jet shot down an unidentified cylindrical object over Canada on Saturday, the second such instance in as many days, as North America appeared on edge following a week-long Chinese spying balloon saga that drew the global spotlight.

    Separately, the U.S. military also scrambled fighter jets in Montana to investigate a radar anomaly that triggered a brief federal closure of airspace.

    “Those aircraft did not identify any object to correlate the radar hits,” the North American Aerospace Defense Command (NORAD) said in a statement.

    Canadian Prime Minister Justin Trudeau first announced Saturday’s shootdown over the northern Yukon territory, saying Canadian forces would recover and analyze the wreckage.

    Canadian Defence Minister Anita Anand declined to speculate about the origin of the object, which she said was cylindrical in shape.

    Latest Updates

    View 2 more stories

    She stopped short of calling it a balloon but said it was smaller than the Chinese balloon shot down off South Carolina’s coast a week ago, though similar in appearance.

    Aloft at 40,000 feet (12,200 m), it posed a risk to civilian air traffic and was shot down at 3:41 EST (2041 GMT), she added.

    “There is no reason to believe that the impact of the object in Canadian territory is of any public concern,” Anand told a news conference.

    The Pentagon said NORAD detected the object over Alaska late on Friday.

    U.S. fighter jets from Joint Base Elmendorf-Richardson, Alaska, monitored the object as it crossed over into Canadian airspace, where Canadian CF-18 and CP-140 aircraft joined the formation.

    “A U.S. F-22 shot down the object in Canadian territory, using an AIM 9X missile following close co-ordination between U.S. and Canadian authorities,” Pentagon spokesman Brig. Gen. Patrick Ryder said in a statement.

    U.S. President Joe Biden authorized the U.S. military to work with Canada to take down the high-altitude craft after a call between Biden and Trudeau, the Pentagon said.

    The White House said Biden and Trudeau agreed to continue close coordination to “defend our airspace.”

    “The leaders discussed the importance of recovering the object in order to determine more details on its purpose or origin,” it said in a statement.

    A day earlier, Biden ordered another shootdown of an unidentified flying object near Deadhorse, Alaska.

    On Saturday, the U.S. military remained tight-lipped about what, if anything, it had learned as recovery efforts were underway on the Alaskan sea ice.

    On Friday, the Pentagon offered only a few details, such as that the object was the size of a small car, was flying at about 40,000 feet (12,200 m), could not maneuver and appeared to be unmanned.

    U.S. officials have been trying to learn about the object since it was first spotted on Thursday.

    “We have no further details at this time about the object, including its capabilities, purpose, or origin,” Northern Command said on Saturday.

    It mentioned difficult Arctic weather conditions, including wind chill, snow, and limited daylight that can hinder search and recovery.

    “Personnel will adjust recovery operations to maintain safety,” it added.

    On Feb. 4, a U.S. F-22 fighter jet brought down what the U.S. government called a Chinese surveillance balloon off the coast of South Carolina following its week-long journey across the United States and portions of Canada.

    China has said it was a civilian research vessel.

    Some U.S. lawmakers criticized Biden for not shooting down the Chinese balloon sooner. The U.S. military had recommended waiting until it was over the ocean, for fear of injuries from falling debris.

    U.S. personnel have been scouring the ocean to recover debris and the undercarriage of electronic gadgetry since the shootdown of the 200-foot (60-meter) -tall Chinese high-altitude surveillance balloon.

    The Pentagon has said a significant amount of the balloon had already been recovered or located, suggesting American officials may soon have more information about any Chinese espionage capabilities aboard.

    Sea conditions on Feb. 10 “permitted dive and underwater unmanned vehicle (UUV) activities and the retrieval of additional debris from the sea floor,” Northern Command said.

    “The public may see U.S. Navy vessels moving to and from the site as they conduct offload and resupply activities.”

    Reporting by Phil Stewart, Idrees Ali, David Shepardson, Andrea Shalal, Michael Martina, Richard Cowan in Washington, Steven Scherer in Ottawa; Editing by David Gregorio and Clarence Fernandez

    Our Standards: The Thomson Reuters Trust Principles.

    Phil Stewart

    Thomson Reuters

    Phil Stewart has reported from more than 60 countries, including Afghanistan, Ukraine, Syria, Iraq, Pakistan, Russia, Saudi Arabia, China and South Sudan. An award-winning Washington-based national security reporter, Phil has appeared on NPR, PBS NewsHour, Fox News and other programs and moderated national security events, including at the Reagan National Defense Forum and the German Marshall Fund. He is a recipient of the Edwin M. Hood Award for Diplomatic Correspondence and the Joe Galloway Award.

    Idrees Ali

    Thomson Reuters

    National security correspondent focusing on the Pentagon in Washington D.C. Reports on U.S. military activity and operations throughout the world and the impact that they have. Has reported from over two dozen countries to include Iraq, Afghanistan, and much of the Middle East, Asia and Europe. From Karachi, Pakistan.

    Source link

  • Indian shares fall ahead of inflation data; Adani stocks slide

    Indian shares fall ahead of inflation data; Adani stocks slide

    BENGALURU, Feb 13 (Reuters) – Indian shares were off to a muted start on Monday, ahead of domestic retail inflation data due later in the day and U.S. inflation data due tomorrow, while the ongoing uncertainty and spillover effects from the Adani Group’s market rout continued to create an overhang.

    The Nifty 50 index (.NSEI) was down 0.29% at 17,804.60 as of 9:37 a.m. IST, while the S&P BSE Sensex (.BSESN) fell 0.35% to 60,472.28.

    Ten of the 13 major sectoral indexes declined, with information technology stocks (.NIFTYIT) falling nearly 2% amid worries of a growth slowdown in the U.S., from where they get a significant share of their revenue.

    On the flip side, metals (.NIFTYMET) gained with a 1% rise.

    Twenty-seven of Nifty 50 constituents advanced with Titan Co (TITN.NS) and Eicher Motors Ltd (EICH.NS) among top gainers.

    Wall Street equities closed lower on Friday, on fears of a longer-than-expected high-rate regime after hawkish comments from key Federal Reserve officials.

    Latest Updates

    View 2 more stories

    Asian markets fell, with the MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) sliding 0.63%.

    Investors await India’s retail inflation data for January, due today. A Reuters poll of economists showed that India’s annual retail inflation rose from a 12-month low in December, but stayed within the 6% upper limit of RBI’s tolerance band in January.

    The uncertainty over the Adani conglomerate added to concerns in domestic markets.

    “The Adani group saga continues to weigh on investors’ minds and hence the sentiment has been negative,” said Prashanth Tapse of Mehta Equities.

    The group has lost over $100 billion in market value since Jan. 24, when U.S. short-seller Hindenburg Research accused the conglomerate of stock manipulation and improper use of tax havens.

    India’s market regulator is probing the group’s links to some of the investors in its scrapped $2.5 billion share sale of the flagship Adani Enterprises.

    ($1 = 82.5250 Indian rupees)

    Reporting by Bharath Rajeswaran in Bengaluru; Editing by Janane Venkatraman, Nivedita Bhattacharjee

    Our Standards: The Thomson Reuters Trust Principles.

    Source link

  • Adani slashes growth targets amid rout sparked by Hindenburg – Bloomberg News

    Adani slashes growth targets amid rout sparked by Hindenburg – Bloomberg News

    Feb 13 (Reuters) – India’s Adani Group has halved its revenue growth target and plans to scale down fresh capital expenditure, Bloomberg News reported on Sunday.

    Listed companies controlled by billionaire Gautam Adani have lost more than $100 billion in market value since Jan. 24, when U.S. short-seller Hindenburg Research accused the conglomerate of stock manipulation and improper use of offshore tax havens.

    The group has rejected the allegations and denied any wrongdoing.

    The Adani Group will now shoot for revenue growth of 15% to 20% for at least the next financial year, down from the original target of 40%, Bloomberg News said citing people familiar with the matter.

    Holding back on investments for even as little as three months could save the conglomerate as much as $3 billion, the report said, adding that the plans are still imminent.

    A spokesperson for the Adani Group said the report was “baseless, speculative”, without elaborating further.

    Latest Updates

    View 2 more stories

    The group has also been a part of India’s market regulator’s investigation into its links to some of the investors in its scrapped $2.5 billion share sale.

    Earlier this month, India’s ministry of corporate affairs started a preliminary review of the group’s financial statements and other regulatory submissions made over the years, Reuters reported, citing two senior government officials.

    Reporting by Mrinmay Dey in Bengaluru; Editing by Kim Coghill and Savio D’Souza

    Our Standards: The Thomson Reuters Trust Principles.

    Source link

  • Adani’s market losses top $100 bln as crisis shockwaves spread

    Adani’s market losses top $100 bln as crisis shockwaves spread

    • Market rout deepens in Indian tycoon Adani’s shares
    • Adani Enterprises loses $26 bln in value since report
    • Falls after Adani pulled share sale, investors spooked
    • Analysts say signals confidence crisis in Indian market

    NEW DELHI/MUMBAI, Feb 2 (Reuters) – Adani’s market losses swelled above $100 billion on Thursday, sparking worries about a potential systemic impact a day after the Indian group’s flagship firm abandoned its $2.5 billion stock offering.

    Another challenge for Adani on Thursday came when S&P Dow Jones Indices said it would remove Adani Enterprises from widely used sustainability indices, effective Feb. 7, which would make the shares less appealing to sustainability-minded funds.

    In addition, India’s National Stock Exchange said it has placed on additional surveillance shares of Adani Enterprises <ADEL.NS>, Adani Ports <APSE.NS> and Ambuja Cements <ABUJ.NS>. read more

    However, Adani Group Chairman Gautam Adani is in talks with lenders to prepay and release pledged shares as he seeks to restore confidence in the financial health of his conglomerate, Bloomberg News reported on Thursday. read more

    Latest Updates

    View 2 more stories

    The shock withdrawal of Adani Enterprises’ share sale marks a dramatic setback for founder Adani, the school dropout-turned-billionaire whose fortunes rose rapidly in recent years but have plunged in just a week after a critical research report by U.S.-based short-seller Hindenburg Research.

    Aborting the share sale sent shockwaves across markets, politics and business. Adani stocks plunged, opposition lawmakers called for a wider probe and India’s central bank sprang into action to check on the exposure of banks to the group. Meanwhile, Citigroup’s (C.N) wealth unit stopped making margin loans to clients against Adani Group securities.

    The crisis marks an dramatic turn of fortune for Adani, who has in recent years forged partnerships with foreign giants such as France’s TotalEnergies (TTEF.PA) and attracted investors such as Abu Dhabi’s International Holding Company as he pursues a global expansion stretching from ports to the power sector.

    In a shock move late on Wednesday, Adani called off the share sale as a stocks rout sparked by Hindenburg’s criticisms intensified, despite it being fully subscribed a day earlier.

    “Adani may have started a confidence crisis in Indian shares and that could have broader market implications,” said Ipek Ozkardeskaya, senior market analyst at Swissquote Bank.

    Adani Enterprises shares tumbled 27% on Thursday, closing at their lowest level since March 2022.

    Other group companies also lost further ground, with 10% losses at Adani Total Gas (ADAG.NS), Adani Green Energy (ADNA.NS) and Adani Transmission (ADAI.NS), while Adani Ports and Special Economic Zone shed nearly 7%.

    Since Hindenburg’s report on Jan. 24, group companies have lost nearly half their combined market value. Adani Enterprises – described as an incubator of Adani’s businesses – has lost $26 billion in market capitalisation.

    Adani is also no longer Asia’s richest person, having slid to 16th in the Forbes rankings of the world’s wealthiest people, with his net worth almost halved to $64.6 billion in a week.

    The 60-year-old had been third on the list, behind billionaires Elon Musk and Bernard Arnault.

    His rival Mukesh Ambani of Reliance Industries (RELI.NS) is now Asia’s richest person.

    Reuters Graphics

    BROADER CONCERNS

    Adani’s plummeting stock and bond prices have raised concerns about the likelihood of a wider impact on India’s financial system.

    India’s central bank has asked local banks for details of their exposure to the Adani Group, government and banking sources told Reuters on Thursday.

    CLSA estimates that Indian banks were exposed to about 40% of the $24.5 billion of Adani Group debt in the fiscal year to March 2022.

    Dollar bonds issued by entities of Adani Group extended losses on Thursday, with notes of Adani Green Energy crashing to a record low. Adani Group entities made scheduled coupon payments on outstanding U.S. dollar-denominated bonds on Thursday, Reuters reported citing sources.

    “We see the market is losing confidence on how to gauge where the bottom can be and although there will be short-covering rebounds, we expect more fundamental downside risks given more private banks (are) likely to cut or reduce margin,” said Monica Hsiao, chief investment officer of Hong Kong-based credit fund Triada Capital.

    In New Delhi, opposition lawmakers submitted notices in parliament demanding discussion of the short-seller’s report.

    The Congress Party called for a Joint Parliamentary Committee be set up or a Supreme Court monitored investigation, while some lawmakers shouted anti-Adani slogans inside parliament, which was adjourned for the day.

    ADANI VS HINDENBURG

    Adani made acquisitions worth $13.8 billion in 2022, Dealogic data showed, its highest ever and more than double the previous year.

    The cancelled fundraising was critical for Adani, which had said it would use $1.33 billion to fund green hydrogen projects, airports facilities and greenfield expressways, and $508 million to repay debt at some units.

    Hindenburg’s report alleged an improper use of offshore tax havens and stock manipulation by the Adani Group. It also raised concerns about high debt and the valuations of seven listed Adani companies.

    The Adani Group has denied the accusations, saying the allegation of stock manipulation had “no basis” and stemmed from an ignorance of Indian law. It said it has always made the necessary regulatory disclosures.

    Adani had managed to secure share sale subscriptions on Tuesday even though the stock’s market price was below the issue’s offer price. Maybank Securities and Abu Dhabi Investment Authority had bid for the anchor portion of the issue, investments which will now be reimbursed by Adani.

    Late on Wednesday, the group’s founder said he was withdrawing the sale given the share price fall, adding his board felt going ahead with it “will not be morally correct”.

    Reporting by Chris Thomas, Nallur Sethuraman, Tanvi Mehta, Ira Dugal, Aftab Ahmed, Sumeet Chatterjee, Anshuman Daga, Summer Zhen, Ross Kerber and Bansari Mayur Kamdar; Editing by Muralikumar Anantharaman, Jason Neely and Alexander Smith

    Our Standards: The Thomson Reuters Trust Principles.

    Source link

  • Adani crisis ignites Indian contagion fears, credit warnings

    Adani crisis ignites Indian contagion fears, credit warnings

    • Both houses of parliament adjourned amid row
    • Flagship Adani firm plunges 35% at one point
    • Moody’s warns will find it harder to raise capital

    NEW DELHI, Feb 3 (Reuters) – Financial contagion fears spread in India on Friday as the Adani Group’s crisis worsened, with ratings agency Moody’s warning the conglomerate may struggle to raise capital and S&P cutting the outlook on two of its businesses.

    Chaotic scenes in both houses of India’s parliament led to their adjournment on Friday as some lawmakers demanded an inquiry after a dramatic meltdown in the stock market values of Indian billionaire Gautam Adani’s companies.

    The crisis was triggered by a Hindenburg Research report last week in which the U.S.-based short-seller accused the Adani Group of stock manipulation and unsustainable debt.

    Adani Group, one of India’s top conglomerates, has rejected the criticism and denied wrongdoing in detailed rebuttals, but that has failed to arrest the unabated fall in its shares.

    In the latest sign of the crisis widening, India’s ministry of corporate affairs has begun a preliminary review of Adani Group’s financial statements and other regulatory submissions made over the years, two government officials told Reuters.

    Latest Updates

    View 2 more stories

    Although shares in Adani companies recovered after sharp falls earlier on Friday, the seven listed firms have still lost about half their market value, totalling more than $100 billion since Hindenburg published its report on Jan. 24.

    Moody’s warned the share plunge could hit the Adani Group’s ability to raise capital, although fellow credit ratings agency Fitch saw no immediate impact on its ratings.

    “These adverse developments are likely to reduce the group’s ability to raise capital to fund committed capex or refinance maturing debt over the next 1-2 years. We recognise that a portion of the capex is deferrable,” Moody’s said.

    For Adani, a former school drop-out from Gujarat, the western home state of Indian Prime Minister Narendra Modi, the crisis presents the biggest reputational and business challenge of his life, as his firm struggles to assuage investor concerns.

    Amid fears the turmoil could spill over into the broader financial system, some Indian politicians have called for a wider investigation, and sources have told Reuters the central bank has asked lenders for details of exposure to the group.

    “Contagion concerns are widening, but still limited to the banking sector,” Charu Chanana, a market strategist with Saxo Markets in Singapore, said on Friday.

    The Reserve Bank of India said the country’s banking system remains resilient and stable. State Bank of India said it was not concerned about the exposure to Adani Group, but further financing to its projects would be “evaluated on its own merit”.

    Adani Enterprises shares closed 1.4% higher, after earlier slumping 35% to hit their lowest since March 2021. That low took its losses to nearly $33.6 billion since last week, a 70% fall.

    Shares fell 5% in Adani Total Gas (ADAG.NS), a joint venture with France’s TotalEnergies (TTEF.PA), which said its exposure to Adani companies was limited.

    Traffic moves past the logo of the Adani Group installed at a roundabout on the ring road in Ahmedabad, India, Feb. 2, 2023. REUTERS/Amit Dave

    Adani Ports and Special Economic Zone (APSE.NS) was up 8%, while Adani Transmission (ADAI.NS) and Adani Green Energy (ADNA.NS) were both down 10%.

    “There is a risk that investor concerns about the group’s governance and disclosures are larger than we have currently factored into our ratings,” S&P said, as it cut its outlook on Adani Ports and Adani Electricity to negative from stable.

    India’s divestment secretary Tuhin Kanta Pandey told Reuters that Life Insurance Corp (LIC) shareholders and customers should not be concerned about its exposure to the Adani Group.

    State-run LIC (LIFI.NS) has a 4.23% stake in the flagship Adani Enterprises, while its other exposures include a 9.14% stake in Adani Ports.

    Reuters Graphics

    ‘ONE INSTANCE’

    Adani, 60, has in recent years forged partnerships with, and attracted investment from, foreign giants as he pursued global expansion in industries from ports to power.

    The market and financial crisis means foreign investors, many already underweight on India as they consider its stock market overpriced, are reducing exposure.

    “One instance, however much talked about globally it may be … is not going to be indicative of how well Indian financial markets are governed,” Indian Finance Minister Nirmala Sitharaman told Network18 when asked about the market weakness.

    Reuters Graphics

    Hindenburg’s report said key listed Adani companies had “substantial debt” and shares in the seven listed firms had a downside of 85% due to what it called sky-high valuations.

    The Adani Group has called the report baseless and said over the past decade, its companies have “consistently de-levered”.

    The listed Adani firms now have a combined market value of $107.5 billion, versus $218 billion before the report.

    That has forced Adani to cede the crown of Asia’s richest person to Indian rival Mukesh Ambani of Reliance Industries Ltd (RELI.NS), and he has slid to 17th in Forbes’ list of the world’s wealthiest people.

    He had ranked third, behind Elon Musk and Bernard Arnault.

    Reporting by Aditya Kalra, Chris Thomas, Ankur Banerjee, Bansari Mayur Kamdar, Shivam Patel, Tanvi Mehta and Rae Wee in Singapore; Editing by Clarence Fernandez, Mark Potter and Alexander Smith

    Our Standards: The Thomson Reuters Trust Principles.

    Source link

  • Analysis: Ukraine’s new weapon will force a Russian shift

    Analysis: Ukraine’s new weapon will force a Russian shift

    WASHINGTON/KYIV, Feb 2 (Reuters) – The United States has answered President Volodymyr Zelenskiy’s plea for rockets that can strike deep behind the front lines of the nearly year-long conflict with Russia.

    Now Russian forces will need to adapt or face potentially catastrophic losses.

    The new weapon, the Ground Launched Small Diameter Bomb (GLSDB), will allow Ukraine’s military to hit targets at twice the distance reachable by the rockets it now fires from the U.S.-supplied High Mobility Artillery Rocket System (HIMARS). If included as expected in an upcoming weapons-aid package first reported by Reuters, the 151 km (94 mile) GLSDB will put all of Russia’s supply lines in the east of the country within reach, as well as part of Russian-occupied Crimea.

    This will force Russia to move its supplies even farther from the front lines, making its soldiers more vulnerable and greatly complicating plans for any new offensive.

    “This could slow down [a Russian assault] significantly,” said Andriy Zagorodnyuk, Ukraine’s former defence minister. “Just as HIMARS significantly influenced the course of events, these rockets could influence the course of events even more.”

    Latest Updates

    View 2 more stories

    GLSDB is GPS-guided glide bomb that can manoeuvre to hit hard-to-reach targets such as command centres. Made jointly by SAAB AB (SAABb.ST) and Boeing Co (BA.N), it combines the GBU-39 Small Diameter Bomb (SDB) with the M26 rocket motor, both of which are common in U.S. inventories.

    It is not yet compatible with HIMARS, but the United States will provide Ukraine new launchers for the rockets, said sources. GLSDB could be delivered as early as spring 2023, according to a document reviewed by Reuters.

    VULNERABLE SUPPLY LINES

    When the United States first sent HIMARS launchers in June, it supplied rockets with a 77 km (48 mile) range. This was a major boost for the Ukrainian military, allowing it to destroy Russian ammunition dumps and weapons storage facilities.

    Once Ukraine has the new glide bombs, say military experts, Russia will need to push its supplies even farther away.

    “We are currently unable to reach Russian military facilities more than 80 kilometres away,” said Ukrainian military analyst Oleksandr Musiyenko. “If we can reach them practically all the way to the Russian border, or in occupied Crimea, then of course this will lower the attacking potential of Russian forces.”

    Crucially, Ukraine will soon be able to reach every point of the occupied overland route to Crimea via Berdiansk and Melitopol. That will force Russia to redirect its supply trucks to the Crimean bridge, which was badly damaged in an attack in October.

    “Russia is using Crimea as a big military base from which it sends reinforcements for its troops on the southern front,” said Musiyenko. “If we had a 150km (munition), we could reach that and disrupt the logistical connection with Crimea.”

    Beyond the logistical impact, the addition of a longer-range weapon to Ukraine’s arsenal could help shake Russian confidence.

    Tom Karako, a weapons and security expert at the Center for Strategic and International Studies said that while Ukraine would benefit from an even longer range weapon, GLSDB is “a really important step to give the Ukrainians longer reach and to keep the Russians guessing.”

    NO ATACMS – YET

    For the Biden administration, the decision to send GLSDB to Ukraine represents a step toward meeting Ukraine’s demand for the 185-mile (297km) range Army Tactical Missile System (ATACMS) missile, which the administration has so far declined to provide, fearing a further escalation of the conflict.

    The glide bombs, while not as powerful, are much cheaper, smaller and easier to deploy than ATACMS, making them well suited for much of what Ukraine hopes to accomplish: disrupting Russian operations and creating a tactical advantage.

    Still, said Karako, it is possible the Ukrainians could end up receiving an even longer range weapon in the future.

    “Time and again, we’ve seen the administration say that they would go up to a certain point, but not beyond,” he said. “Then, as the situation has deteriorated, they’ve found the necessity to, in fact, go further.”

    This was the case with HIMARS, the Patriot missile defence system, and, just this month, Abrams tanks, all initially off-limits to Ukraine before the administration ended up approving shipments.

    But for now, the focus will be on how quickly the new glide bombs can arrive in Ukraine, said Zagorodnyuk.

    “If they speed it up…this could hugely change the situation on the field of battle.”

    Editing by Don Durfee and Peter Graff

    Our Standards: The Thomson Reuters Trust Principles.

    Source link

  • Factbox: High-altitude spy balloons: old concept, new applications

    Factbox: High-altitude spy balloons: old concept, new applications

    Feb 3 (Reuters) – U.S. officials said on Thursday that a Chinese “surveillance balloon” has been flying over the United States for several days.

    Using high-altitude balloons for spying and other military missions is a practice that dates to the middle of the last century. Here is what is known about how they operate and what they can be used for:

    * During World War 2, the Japanese military tried to loft incendiary bombs into U.S. territory using balloons designed to float in jet stream air currents. No military targets were damaged, but several civilians were killed when one of the balloons crashed in an Oregon forest.

    * Just after World War 2, the U.S. military started exploring the use of high-altitude spy balloons, which led to a large-scale series of missions called Project Genetrix. The project flew photographic balloons over Soviet bloc territory in the 1950s, according to government documents.

    A balloon flies in the sky over Billings, Montana, U.S. February 1, 2023 in this picture obtained from social media. Chase Doak/via REUTERS

    * Such balloons typically operate at 80,000-120,000 feet (24,000-37,000m), well above where commercial air traffic flies – airliners almost never fly higher than 40,000 feet. The highest-performing fighter aircraft typically do not operate above 65,000 feet, although spy planes such as the U-2 have a service ceiling of 80,000 feet or more.

    Latest Updates

    View 2 more stories

    * The advantages of balloons over satellites include the ability to scan wide swathes of territory from closer in, and to be able to spend more time over a target area, according to a 2009 report to the U.S. Air Force’s Air Command and Staff College.

    * Unlike satellites, which require space launchers that cost hundreds of millions of dollars, balloons can be launched cheaply.

    * The balloons are not directly steered, but can be roughly guided to a target area by changing altitudes to catch different wind currents, according to a 2005 study for the Air Force’s Airpower Research Institute.

    * The U.S. military has tracked other spy balloons in recent years, including before President Joe Biden’s administration, according to a senior U.S. defense official.

    Reporting by Gerry Doyle;
    Editing by Don Durfee and Stephen Coates

    Our Standards: The Thomson Reuters Trust Principles.

    Source link

  • Germany starts deploying Patriot air defence units to Poland

    Germany starts deploying Patriot air defence units to Poland

    GNOIEN, Germany Jan 23 (Reuters) – Germany on Monday dispatched the first two out of three Patriot air defence units that will be sent to the Polish town of Zamosc close to the Ukrainian border where they will be deployed to prevent stray missile strikes.

    Two men were killed by a stray Ukrainian missile that struck the Polish village of Przewodow in the region last November, in an incident that raised fears of the war in Ukraine spilling over the border.

    As a result, Berlin offered to deploy three of its Patriot units to Poland to help secure its air space.

    Ground-based air defence systems such as Raytheon’s (RTX.N) Patriot are built to intercept incoming missiles.

    “One of the reasons why Germany will now support NATO’s eastern flank in Poland with Patriots is certainly because we saw how quickly the conflict between Russia and Ukraine could spill over to NATO member countries,” Colonel Joerg Sievers told reporters in the eastern German town of Gnoien before the Patriots’ departure.

    Sievers, who will command the German unit in Poland, underlined the defensive nature of the Patriot system.

    “We are not the only defence forces on the ground, the British and Americans are also on the ground,” he said.

    “Patriot is a strictly defensive system, and we hope that we will be able to provide sufficient protection there to prevent attacks or accidents like the one in November in the future,” he added.

    .

    Reporting by Oliver Ellrodt and Stefan Remter, writing by Sabine Siebold

    Our Standards: The Thomson Reuters Trust Principles.

    Source link

  • Police seek motive to Los Angeles-area mass shooting as 11th victim dies

    Police seek motive to Los Angeles-area mass shooting as 11th victim dies

    MONTEREY PARK, Calif., Jan 23 (Reuters) – Investigators collected 42 bullet casings from the scene of one of California’s bloodiest mass shootings as they sought clues on Monday to what drove an elderly gunman to open fire in a dance hall he had frequented, killing 11 people, before taking his own life.

    Police identified Huu Can Tran, 72, as the lone suspect in a massacre that unfolded Saturday night in the midst of a Chinese Lunar New Year celebration in the town of Monterey Park, a hub of the Asian-American community just east of downtown Los Angeles.

    Authorities said he drove to another dance hall where a second, would-be attack was thwarted and later shot himself to death in his parked getaway vehicle as police closed in to make an arrest on Sunday, ending an intense manhunt some 12 hours after the rampage.

    Ten people were killed and 10 others wounded when Tran opened fire at the Star Ballroom Dance Studio, a venue popular with older patrons of Asian descent, then drove off. One of the victims hospitalized in critical condition died of his wounds on Monday, Monterey Park Police Chief Scott Wiese told reporters.

    All of the dead, six women and five men, were in their 50s, 60s and 70s, the coroner’s office said.

    Even as Los Angeles-area police worked through a second full day of their investigation, seven people were reported slain in a separate, mass shooting in the northern California coastal town of Half Moon May on Monday. read more

    In another incident, one person died and seven were injured in Oakland, near San Francisco, in a shooting between several individuals, Oakland Police Department reported.

    At a news briefing on Monday, Hilda Solis, a member of the Los Angeles County Board of Supervisors, called Saturday’s Monterey Park gun violence the deadliest mass shooting on record in Los Angeles County, the most populous in the United States and home to some 10 million residents.

    About 20 minutes after the attack, Tran barged into a second dance club, the Lai Lai Ballroom & Studio in the neighboring community of Alhambra, where an employee wrestled away the intruder’s semi-automatic assault-style pistol before any shots could be fired, officials said.

    Los Angeles County Sheriff Robert Luna credited Brandon Tsay, the operator of the family-owned club, as a “hero” for single-handedly disarming the gunman and preventing further bloodshed.

    “That moment, it was primal instinct,” Tsay recounted in a New York Times interview, saying that the gunman fled the scene after a 90-second struggle. “Something happened there. I don’t know what came over me.”

    Tran was not seen again until Sunday morning, when he had shot himself behind the wheel of his van, found parked in the city of Torrance, south of Los Angeles, as police surrounded his vehicle.

    Luna said investigators, assisted by the FBI and the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), had recovered 42 spent shell casings and a large-capacity ammunition magazine from the Star studio.

    GUNS AND AMMO SEIZED

    He said the search of the suspect’s mobile home in a gated senior-living community in the town of Hemet, about 80 miles east of Los Angeles, turned up a rifle, various electronic devices and items “that lead us to believe the suspect was manufacturing homemade” weapons silencers.

    Police also seized hundreds of rounds of ammunition from the dwelling, and a handgun was recovered from the white cargo van where the suspect took his own life, Luna said.

    Authorities on Monday said a motive for the shooting remained a mystery.

    Wiese said authorities were aware of unconfirmed reports that the violence may have been precipitated by jealousy or relationship issues, adding, “it’s part of what our investigators are diligently looking into.”

    The sheriff said there was no immediate evidence that the gunman was related to any of his victims. Luna told reporters Tran had a “limited” past criminal history, including a 1990 arrest for unlawful possession of a firearm.

    Hemet police said in a statement on Monday that Tran had come to the department twice in early January alleging “past fraud, theft and poisoning allegations involving his family” dating back 10 to 20 years, and had promised to return with documentation of his claims but never did.

    Tran had an active trucking license and had owned a company called Tran’s Trucking Inc with a post office box address in Monterey Park, according to online records.

    He had lived in the Los Angeles area since at least the 1990s and moved to the mobile home in Hemet in 2020, address records showed. A neighbor in his gated community described him as “meek” in an interview Monday.

    But Adam Hood, who rented a home from Tran in the Los Angeles area, told Reuters he knew his landlord to be an aggressive, suspicious person with few friends.

    But Hood said Tran, with whom he often conversed in Mandarin, enjoyed ballroom dancing, and was a longtime patron of the Star Ballroom, though he complained that others there were talking behind his back.

    “He was a good dancer in my opinion,” Hood said. “But he was distrustful of the people at the studio, angry and distrustful. I think he just had enough.”

    The coroner’s office on Monday confirmed the names of four victims, Valentino Alvero, 68 and three women – My Nhan, 65, Lilan Li, 63, and Xiujuan Yu, 57.

    Reporting by Tim Reid in Monterey Park; Writing by Gabriella Borter; Additional reporting by Rich McKay, Brendan O’Brien, Brad Brooks, Jonathan Allen, Joseph Ax, Dan Whitcomb, Gabriella Borter and Timothy Gardner; Editing by Stephen Coates, Nick Zieminski and David Gregorio

    Our Standards: The Thomson Reuters Trust Principles.

    Source link

  • Germany, U.S. to send battle tanks to Ukraine, Russia slams decision

    Germany, U.S. to send battle tanks to Ukraine, Russia slams decision

    • U.S. providing Abrams tanks, Germany to send Leopard tanks
    • Biden: Tanks pose ‘no offensive threat’ to Russia
    • Russian-backed leader: Wagner force advancing on Bakhmut

    WASHINGTON/BERLIN/KYIV, Jan 26 (Reuters) – The United States and Germany have announced plans to arm Ukraine with dozens of battle tanks in its fight against Russia, which denounced the decisions as an “extremely dangerous” step.

    Ukrainian President Volodymyr Zelenskiy praised the commitments and urged allies to provide large quantities of tanks quickly.

    “The key now is speed and volumes. Speed in training our forces, speed in supplying tanks to Ukraine. The numbers in tank support,” he said in a nightly video address on Wednesday. “We have to form such a ‘tank fist’, such a ‘fist of freedom’.”

    Ukraine has been seeking hundreds of modern tanks to give its troops the firepower to break Russian defensive lines and reclaim occupied territory in the south and east. Ukraine and Russia have been relying primarily on Soviet-era T-72 tanks.

    The promise of tanks comes as both Ukraine and Russia are expected to launch new offensives in the war and as fighting has intensified in Bakhmut in Ukraine’s east.

    Ukrainian forces destroyed 24 drones, including 15 over Kyiv, that Russia launched in overnight attacks, the military said on Thursday, adding there was major danger of more Russian air raids. An alert had been declared over most of the country.

    U.S. President Joe Biden announced his decision to supply 31 M1 Abrams tanks hours after Berlin said it would provide Leopard 2 tanks – the workhorse of NATO armies across Europe.

    Maintaining Kyiv’s drumbeat of requests for more aid, Zelenskiy said he spoke to NATO Secretary General Jens Stoltenberg and called for long-range missiles and aircraft.

    Ukraine’s allies have already provided billions in military support including sophisticated U.S. missile systems.

    The United States has been wary of deploying the difficult-to-maintain Abrams but had to change tack to persuade Germany to send to Ukraine its more easily operated Leopards.

    Biden said the tanks pose “no offensive threat” to Russia and that they were needed to help the Ukrainians “improve their ability to manoeuvre in open terrain”.

    Germany will send an initial company of 14 tanks from its stocks and approve shipments by allied European states.

    The Abrams can be tricky, but the Leopard was designed as a system that any NATO member could service and crews and repair specialists could be trained together on a single model, Ukrainian military expert Viktor Kevlyuk told Espreso TV.

    “If we have been brought into this club by providing us with these vehicles, I would say our prospects look good.”

    ‘DANGEROUS DECISION’

    Russia reacted with fury to Germany’s decision to approve the delivery of the Leopards.

    “This extremely dangerous decision takes the conflict to a new level of confrontation,” said Sergei Nechayev, Russia’s ambassador to Germany.

    Since invading Ukraine on Feb. 24 last year, Russia has shifted its rhetoric on the war from an operation to “denazify” and “demilitarise” its neighbour to casting it as a face-off between it and the U.S.-led NATO alliance.

    Senior U.S. officials said it would take months for the Abrams to be delivered and described the decision to supply them as providing for Ukraine’s long-term defence.

    Germany’s tanks would probably be ready in three or four months, Defence Minister Boris Pistorius said.

    Pledges to Ukraine from other countries that field Leopards have multiplied with announcements from Poland, Finland and Norway. Spain and the Netherlands said they were considering it.

    Britain has offered 14 of its comparable Challenger tanks and France is considering sending its Leclercs.

    BAKHMUT FIGHTING

    The Kyiv government acknowledged on Wednesday its forces had withdrawn from Soledar, a small salt-mining town close to Bakhmut in the east, that Russia said it captured more than a week ago, its biggest gain for more than six months.

    The area around Bakhmut, with a pre-war population of 70,000, has seen some of the most brutal fighting of the war.

    Ukraine’s military said that Russian forces were attacking in the direction of Bakhmut “with the aim of capturing the entire Donetsk region and regardless of its own casualties”.

    The Russian-installed governor of Donetsk said earlier that units of Russia’s Wagner contract militia were moving forward inside Bakhmut, with fighting on the outskirts and in neighbourhoods recently held by Ukraine.

    Analyst Kevlyuk said losing Bakhmut would not change much in terms of the tactical scheme of things but that he was more concerned by Russian efforts to regroup and concentrate resources in the Luhansk region.

    Donetsk and Luhansk make up the Donbas region. Russian forces control nearly all of Luhansk, while Russians and their proxies say they control about half of Donetsk.

    Reuters could not verify battlefield reports.

    The 11-month war has killed thousands of people, driven millions from their homes and reduced cities to rubble.

    Reporting by Reuters bureaus; writing by Cynthia Osterman and Himani Sarkar; editing by Grant McCool, Robert Birsel

    Our Standards: The Thomson Reuters Trust Principles.

    Source link