Russia has secret war drones project in China, intel sources say in Reuters report

Russia has secret war drones project in China, intel sources say in Reuters report

Flags of the People’s Republic of China and the Russian Federation Manuel Augusto Moreno | Moment | Getty Images Russia has established a weapons program in China to develop and produce long-range attack drones for use in the war against Ukraine, according to two sources from a European intelligence agency and documents reviewed by Reuters. IEMZ Kupol, a subsidiary of Russian state-owned arms company Almaz-Antey, has developed and flight-tested … Read more

Australia’s inflation rate has come within its target range, but rate cuts likely won’t come anytime soon

Australia’s inflation rate has come within its target range, but rate cuts likely won’t come anytime soon

SYDNEY, AUSTRALIA – SEPTEMBER 05: A person looking at milk products in a supermarket on September 05, 2024 in Sydney, Australia. Australia is currently facing a severe cost of living crisis, with rising prices for essentials like food, housing, and utilities significantly outpacing wage growth, leaving many households struggling to make ends meet. James Gourley … Read more

Time to look at AI-adjacent plays

Time to look at AI-adjacent plays

An Amazon Web Services data center in Stone Ridge, Virginia, US, on Sunday, July 28, 2024.  Nathan Howard | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like … Read more

Mayor Eric Adams indicted in NYC

Mayor Eric Adams indicted in NYC

New York City Mayor Eric Adams speaks during a press conference at the City Hall, after it was revealed that he received a fresh round of federal grand jury subpoenas, New York City, U.S., August 16, 2024. Adam Gray | Reuters New York City Mayor Eric Adams has been indicted on criminal charges in federal … Read more

Putin lowers threshold of nuclear response as Biden admin pledges new funding to Ukraine

Putin lowers threshold of nuclear response as Biden admin pledges new funding to Ukraine

In a pointed warning to the West, Russian President Vladimir Putin said any nation’s conventional attack on Russia supported by a nuclear power will be considered a joint attack on his country. Putin’s announcement came as the Biden administration announced $375 million in additional security assistance to Ukraine, including air-to-ground weapons, munitions for rocket systems … Read more