North Korea on Wednesday recognized two Russian-backed breakaway s0-called “people’s republics” in eastern Ukraine as independent states, a separatist leader and a Russian state news agency said. The move makes North Korea only the third country after Russia and Syria to recognize the two breakaway entities, the Donetsk (DPR) and Luhansk People’s Republics (LPR), in…
Lockheed Delivers First Model of New Rocket Launcher to US Army
July 14, 2022
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Business & MarketsCompanieseconomic policieseconomyEuropeLockheed MartinMarketsrocketRussia-Ukraine WarUkraineweaponsWorld
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Defense contractor Lockheed Martin Corp. said on Tuesday it had handed over the first model of its newest mobile rocket launcher to the U.S. Army. The United States and its allies have recently supplied weapons worth billions of dollars to Ukraine to help it repel an invasion by Russia, which Moscow claims is a “special…
Computer Chips Face Toilet Paper Hoarding Moment as Shortage Turns to Glut
July 13, 2022
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Business & Marketschip shortagesCompaniescovid lockdowneconomic policieseconomyEuropeinflationMarketsMedia & Big TechRussia-Ukraine WarWorld
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OAKLAND, Calif.—A supply chain crisis triggered by the global pandemic deprived makers of PCs and smartphones to cars of computer chips needed to make their products. All that suddenly changed over three weeks from late May to June, as high inflation, China’s latest COVID lockdown, and the war in Ukraine dampened consumer spending, especially on…
Russia Fines Apple and Zoom for Alleged Data Storage Violation
MOSCOW—U.S. tech giant Apple and Zoom Video Communications were fined on Tuesday for allegedly refusing to store the data of Russian citizens on Russian territory. Moscow has clashed with Big Tech over content, censorship, data and local representation in a simmering dispute that has erupted into a full-on battle since Russia sent its armed forces…
Ukrainian Rockets Hit Russian-Controlled Area as Kyiv Claims It Readies Southern Counter-Attack
KYIV—Ukraine said on Tuesday it had carried out a long-range rocket strike against Russian forces and military equipment in southern Ukraine, as it says it is planning to retake in a counter-offensive using hundreds of thousands of troops. According to Ukraine, the strike hit an ammunition dump in the town of Nova Kakhovka in the…
Europe on Edge as Nord Stream Russian Gas Link Enters Shutdown
July 11, 2022
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Business & Marketscommoditiescrisiseconomic policieseconomyEuropeGasMarketsNordRussiaRussia-Ukraine WarstreamUkraineWorld
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LONDON/FRANKFURT—The biggest single pipeline carrying Russian gas to Germany began annual maintenance on Monday, with flows expected to stop for 10 days, but governments, markets, and, companies are worried the shutdown might be extended because of the war in Ukraine. The Nord Stream 1 pipeline transports 55 billion cubic meters (bcm) a year of gas…
Russian Strikes Kill 3 in Ukraine’s Second City Kharkiv
CHASIV YAR, Ukraine/KYIV—Russian weapons pounding Ukraine’s second largest city Kharkiv killed at least three people on Monday, authorities said, while rescuers pulled survivors from the rubble of an earlier strike on an apartment block that killed 19 people in another city. The artillery, multiple rocket launcher, and tank attack on Kharkiv also injured 31 people,…
Canada to Release Equipment for Russia–Germany Gas Pipeline
BERLIN—The Canadian government says it will allow the delivery to Germany of equipment from a key Russia–Europe natural gas pipeline that has undergone maintenance—equipment the absence of which Russia’s Gazprom cited last month as a reason for more than halving the flow of gas. The return of turbines from the Nord Stream 1 pipeline sent…
At Least 15 Killed as Russian Rockets Hit Ukraine Apartment Block: Local Officials
CHASIV YAR/KYIV, Ukraine—At least 15 people were killed and two dozen more are feared trapped after Russian Uragan rockets hit a five-story apartment block in Ukraine’s Donetsk region, local officials said on Sunday as rescuers picked their way through rubble. Ukraine also reported clashes with Russian troops on fronts in the east and south, while…
UK Sends Fighter Jets to Sweden and Finland for Training Drills
Britain’s Royal Air Force has sent fighter jets to Sweden and Finland for training exercises as part of the UK’s “increased presence in the region” following the two countries’ application to join the NATO military alliance, the Ministry of Defence (MoD) has announced. Two F-35Bs and four Typhoons conducted “high-end warfighting training” with Finnish F-18…
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