Finance news

Visit to Spain: Standing ovation for Pope in Parliament in Madrid: Leo XIV warns of loss of control in AI

Before the Spanish Congress, the Pope denounced armaments, dependence on technology and the treatment of migrants. He openly opposes the course of US President Donald Trump and the EU.

◇ unclassifiedusa · europe

The future of defense manufacturing will be distributed, autonomous and software-defined

[Sponsored] How Roboze is helping transform additive manufacturing from a prototyping tool into production infrastructure for defense and critical industries.

◇ unclassifiedusa · europe · iran

US approves $2B sale of Anduril counter-drone systems to Kuwait

The potential FMS announcement came just days Iran attacked Kuwait’s airport with missiles and drones, killing one person, damaging airport facilities and halting flights.

34d06/08⚠ war-conflict · 2/5

Airbus unveils U145 autonomous helicopter drone for cargo supply ops

Other military roles for the drone cover armed scouting, surveillance, crewed-uncrewed teaming as well as acting as a “mothership” for air launched effects, according to the European prime.

◇ unclassifiedusa · europe

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China’s C919 jet poised to tackle ageing domestic fleet: industry official

China’s massive civil aviation fleet is ageing faster than planes are being replaced, threatening to saddle airlines with higher costs, but orders for home-grown C919 jets could help stem the tide, according to the head of north Asia for the International Air Transport Association (IATA). Current aircraft replacements are failing to reach 2019 levels despite recent orders of Airbus and Boeing jets, IATA regional vice-president Xie Xingquan said at the industry group’s annual general meeting in..

◇ unclassifiedusa · europe · germany

French Army has recruitment surplus but lacks equipment, deputy chief says

“This year, we’re already slowing down recruitment because not only are we recruiting better, but we’re retaining people better," a service leader said.

◇ unclassifiedusa · europe · israel

Palladyne AI partners with IAI to bring Israeli Harpy, Harop drones to US

Palladyne plans to put new AI swarming software on the battle-proven Israeli drones and compete for contracts like the Army’s Long-Range Precision Munition (LRPM), CEO Ben Wolff told Breaking Defense.

In the Spanish Parliament: Pope Leo warns of armament and AI: “Worrying”

The Pope gives a speech in Spain that ends with a standing ovation and is described as “historic”. He speaks plainly about rearmament and migration - and also sets his sights on Europe.

◇ unclassifiedmiddle-east · russia · usa

Israel Hits Iranian Petrochemical Plant as War Escalates

Israel hit a petrochemical plant in southwestern Iran early on Monday, the first direct energy strike on Iranian territory since the April 8 ceasefire, as hostilities in the Middle East rapidly escalated during the weekend. Israel and Iran traded missile strikes on Sunday, with Iran targeting Israel and Israel retaliating on Iranian targets. The escalation swiftly led to a 5% spike in oil prices early on Monday in Asian trade amid market fears that a U.S.-Iran deal is becoming increasingly elusi

◇ unclassifiedusa · europe · norway

Macron’s nuclear pact expands across Scandinavia as global forces surges

Norway is just the latest ally to open discussions with Paris about France’s extended nuclear deterrence initiative.

Armament: Tank deal: Will the state's entry into KNDS still fail?

The federal government wants to take over 40 percent of the German-French tank manufacturer. But now doubts about the deal are being raised. The most important point of contention: the rating.

Sipri report: Researchers warn of arms race among nuclear powers

Peace researchers see the world in the middle of a new nuclear arms race. Instead of disarmament, the nuclear powers rely on deterrence. Europe also wants to get more involved.

Hong Kong tycoon bets China will overtake US economy ‘in next decade or so’

Hong Kong property tycoon Gordon Wu Ying-sheung has predicted that China will overtake the US as the world’s largest economy in the next decade or so, propelled by rapid technological advances while Washington is weighed down by massive defence expenditure and national debt. Yet the 90-year-old founder and chairman of Hopewell Holdings, who rarely speaks to the press, said Hong Kong should look past geopolitical tensions between Beijing and Washington to build closer ties with the United States,

34d06/07⚠ war-conflict · 3/5

UK, France, Germany back direct Ukraine-Russia talks: joint statement

Ukrainian President Volodymyr Zelensky received the backing of the leaders of the UK, France and Germany in calling for direct ceasefire talks between Russia and Ukraine, according to a joint statement issued following defence talks in London on Sunday. Zelensky met British Prime Minister Keir Starmer, French President Emmanuel Macron and German Chancellor Friedrich Merz at 10 Downing Street for talks as Russia’s war has stretched into its fifth year. The leaders “supported the proposal for a...

◇ unclassifiedchina · asia · germany

34d06/07⚠ war-conflict · 1/5

France and Cyprus to sign defense pact for French deployment to island

SS: France and Cyprus have concluded an agreement under which French forces can be stationed, train and operate in Cyprus while respecting national sovereignty. This is undoubtedly intended to reinforce Cyprus' defence position after efforts by the UK (which has a far great defensive presence on the island) were particularly slow in their Deployment of HMS Dragon following iranian Missiles being fired in the eastern Mediterrenean. The agreement has not been well received by Ankara which 'express

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35d06/07⚠ war-conflict · 3/5

China urged to fast-track carrier fleet upgrades as Japan boosts strike power

China should speed up aircraft carrier group upgrades and boost their combat capabilities to counter Japan’s growing defence strength amid mounting tensions, military experts have said. This comes as Tokyo ramps up its defence posture with long-range anti-ship missiles and deployments on Japanese islands near Taiwan, putting Beijing on high alert. A recent simulated attack also highlighted the potential threat. As tensions escalated in December over the Japanese prime minister’s comments on...

◇ unclassifiedchina · asia · taiwan

Risk of parasite infestation: steak in danger

A flesh-eating parasite has infected a cow in Texas. Farmers and authorities are on the alert. There is a risk of enormous damage.

Mechanical engineers: turnaround in camouflage colors

Heidelberger Druckmaschinen is pushing its entry into the defense industry under CEO Jürgen Otto. And wants to achieve what has failed for years: breaking out of the corporate crisis.

North Korea says its nuclear programme is ‘irreversible’ ahead of Chinese leader’s visit

North Korea said on Sunday that its nuclear weapons programme was “irreversible”, challenging the US push for denuclearisation a day before Chinese President Xi Jinping’s visit. After Donald Trump’s meeting with Xi last month, the United States said the two leaders shared the goal of denuclearising the Korean peninsula, although the Chinese statement did not mention the issue. But Kim Yo-jong, the sister of the North Korean leader Kim Jong-un, described the comments as “false information”, and..

Migration: Hegseth speaks of “invasion” on Europe’s coasts during the D-Day speech

During a speech to commemorate the Allied landings in Normandy, US Defense Secretary Hegseth draws a wide range - and joins in criticism from US Vice President J.D. Vance.

35d06/07⚠ war-conflict · 3/5

China’s nuclear weapons scientist Du Xiangwan clarifies role in nation’s war on waste

One of China’s most prominent nuclear scientists has publicly clarified his role in the country’s rapidly expanding waste-to-energy sector, following years of speculation linking nuclear weapon technologies to municipal waste incineration. In a June 2 press release from the Chinese Academy of Engineering (CAE), veteran nuclear weapons physicist and CAE academician Du Xiangwan confirmed that he and his team had been engaged in research and consulting relating to the development of the pilot...

35d06/06⚠ war-conflict · 2/5

Aviation: World association expects further airline bankruptcies – criticism of Boeing and Airbus

Rising fuel costs, disrupted flight routes and delayed aircraft deliveries are putting a strain on the industry. The World Aviation Association warns of a new wave of consolidation.

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AI Boom or Political Play? Trump Channels Defense Funds Into Dying Coal Plants

The Trump administration is set to channel nearly $700 million in federal funds into the U.S. coal industry Thursday, invoking a Korean War-era statute to prop up existing power plants, finance new construction, and push open a California export terminal that has been blocked for nearly two decades. The centerpiece is $425 million distributed under the Defense Production Act to 13 existing coal plants across West Virginia, Kentucky, North Carolina, Indiana, Tennessee, Arkansas, Arizona, Oklahoma

◇ unclassifiedusa · europe · uk

US strikes Iranian sites after Iran launches drones, in latest Gulf flare-up

U.S. forces struck Iranian coastal radar sites on Saturday after shooting down drones launched by Iran toward the Strait of Hormuz, the U.S. military said.

In D-Day speech, Hegseth urges Europe to counter ‘invasion’ of migrants

US Defence Secretary Pete Hegseth on Saturday urged Europe to counter what he termed an “invasion” of its coastline by migration, as he marked the 82nd anniversary of the World War II D-Day landings in northern France. Hegseth also called on European countries to do more to contribute to their defence, in a speech at the American military cemetery in Colleville-sur-mer in Normandy. He was however conspicuously set to skip the main international ceremony marking the anniversary of the landings,..

36d06/06⚠ coups-regime · 2/5

28M, just started investing, looking for feedback on my 84.5% Core / 15.5% Satellite portfolio

After spending quite a bit of time learning about investing, portfolio construction, and ETFs, I finally started investing at 28 and wanted to get some feedback from people who’ve been doing this longer than I have. My portfolio is structured as: Core (84.5%) VTI: 68% VXUS: 21.1% SMH: 10.5% Satellite (15.5%) ROKT/NASA (Space): 57.2% URA/URNM (Uranium/Nuclear): 42.9% My reasoning is that I want the vast majority of my portfolio in diversified, low-cost ETFs that capture broad market returns (VTI

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