admin
Like many of her fellow volunteers, Hungarian beautician Krisztina Menczel sat idle in the past elections that kept nationalist Prime Minister Viktor Orban in power. But opposition leader Peter Magyar's hopes of ending the longstanding
admin
Let’s talk about US Senate candidate Michele Tafoya’s viral quote about Starbucks, war and patriotism. The Republican podcaster and former TV sports reporter is running to become one of two US senators from Minnesota, succeeding
admin
Kim Harrisberg, ReutersSouth Africa's western coastline is known for its wildflowers, archaeological sites and pristine beaches, but for mining companies, the real attraction is not what you can see, it's what you can dig up.
admin
Delhi Capitals (DC) defeated Lucknow Super Giants (LSG) in a very interesting match, held in Lucknow, on Wednedsay evening. LSG failed to get going and managed to put only 141, which looked very small target
admin
Inside a hangar on an industrial estate near a motorway and a port, sleek glass fibre hulls shaped like oversized canoes spray-painted naval grey await the fitting of nearby packaged engines and other high-tech systems. From Ukraine, similar unmanned attack boats - most initially built by Ukraine special forces and security services specifically for that task - have largely driven the Russian Black Sea Fleet out of nearby waters. If war widens in the Middle East from the current face-off between Israel and the US on one hand and Iran on the other, some of these newer British boats might go into action. Such craft are increasingly seen as the future of naval warfare, alongside a host of other “dirty, dull and dangerous” offshore roles such as search and rescue. VENTURE CAPITAL DELIVERS FAST, NIMBLE FIRMSThe manufacturing facility in a discreet location belongs to the fast-growing British defence firm Kraken, which this year signed a deal to supply a first tranche of 20 small attack boats for Britain’s Royal Navy as well as further deals for US Special Operations Command and the wider US Navy. Fuelled by venture capital, similar firms are springing up around the world, delivering not just autonomous attack craft - seen as critical in stopping any Chinese invasion of Taiwan or winning any Nato fight with Russia in the Baltic - but also a host of other uncrewed systems. The Kraken team, like others across the sector, say that recent headlines about the success of drone attacks in the Gulf help provide a sense of mission - a feeling that Western democracies must both be prepared to fight and find ways to minimise their casualties if they are to stop wars from happening. Kraken now offers a range of drones, with the 8.5-m Scout Medium currently arguably the most popular and easiest to mass-produce - but it will not say if any of its craft have so far seen action in the Middle East or the Black Sea. The US military says it has deployed similar vessels, including, specifically, the Global Autonomous Reconnaissance Craft (GARC) from the Maryland firm BlackSea in recent operations near the Gulf. US Central Command, which oversees US Middle East operations, has been trialling such unmanned vessels for much of the current decade. European nations have honed their own technology and skills with Nato’s Task Force X-Baltic, not least in tracking Russian and other vessels they suspect might interfere with underwater cables and other infrastructure. Whether operated entirely autonomously or by a helmsman based elsewhere connected via Starlink or similar satellite communication system, such vessels can carry a range of weapons and other payloads, including surveillance cameras, machineguns or enough on-board explosive to sink a large ship. Iran appears to have used at least two such vessels in its attacks on commercial vessels, a sign of just how fast naval warfare is now changing. DRONES CAN OPERATE WITH OR WITHOUT HUMAN CONTROLHeavy jamming in both Ukraine and the Gulf has led to a constant battle to keep remote human-piloted systems operational - and put the focus on building autonomous ones that can dispense with a communication link. But this is a substantially more challenging task; Reuters and other media outlets reported several problems in tests last year with efforts to make such craft operate without human control - although insiders say this is hardly a surprise, particularly in contested waters like the Black Sea or the Baltic. At time of writing, UK media reported that the British Royal Fleet Auxiliary vessel Lyme Bay, an amphibious supply ship, was due to load a cargo of drones for potential mine clearance in the Gulf - but only once the conflict concludes and the environment for such craft becomes less hostile. If that mission goes ahead, it will be seen as a sign both of how few working warships remain in Britain’s cash-strapped navy and of how technology is changing. For now, no one expects vessels such as those built by Kraken to replace traditional warships entirely; Trump’s “armada” including aircraft carriers and marine assault vessels has been a reminder of the potent combat power of such a force, even if US commanders have kept such vessels far from the battle zone to minimise their risk. The speed with which a firm like Kraken can turn out newer, cheaper vessels, however, is dramatic, as is the scale of its ambition. Kraken says it can deliver as many as 500 remote-controlled vessels in the current year and twice that in 2027, in part through deals with shipyards in places including Germany and the Pacific rim. Speaking from his office full of models from his previous lives in Formula One racing and high-performance offshore powerboats, Kraken founder Mal Crease outlines how he has used his experience to build what he hopes will be a dominant maritime offshore systems manufacturer. Learning lessons from Ukraine has been part of that process, as has been working out how to mass-produce such boats in a much less conflict-ridden setting. “Obviously there are challenges to delivering and building a quality scalable product in a conflict zone,” he said. MODULAR CONSTRUCTION THAT CAN BE SCALED UP FASTWhat the Kraken team are able to do now, he says, is build a growing range of vessels from increasingly mass-producible modular components, then put them together rapidly by hand “like a supercar”. The beauty of that system, he says, is that it can be scaled up fast. Particularly in Britain, huge questions remain about the future shape of military spending. A long-promised Defence Investment Plan remains unpublished, with UK media reporting for months on differences between the prime minister and the Treasury over how much money is needed - and available. Whatever happens in London, the wider picture is increasingly apparent. And while most firms will go out of their way to promise their national governments that some technology remains “sovereign” and restricted to their country, they are also striking deals to build abroad. The firms being born are very different from established “defence primes” such as America’s Lockheed Martin, Britain’s BAE Systems or the Italian giant Leonardo, all renowned for the long lead times and enormous cost overruns of giant multibillion-dollar weapons systems. Newer firms like Britain’s Kraken and Cambridge Aerospace, the US-based attack drone company Neros or Germany’s similarly-focused Helsing are often small and founded in the last two years or so. They are much less established even than the only slightly older “defence tech” giants such as Palantir and Anduril, both growing US players in analysis and targeting. While newer firms that focus entirely on artificial intelligence and analysis might arguably be at risk of being outpaced by publicly available AI products, those who build actual weapons systems - particularly rapidly and cheaply — increasingly believe they can find buyers. Watching Kraken’s locally hired staff work on their uncrewed speedboats as new components line up by the doorways brings the realisation that such scenes have been rare in peacetime Britain since the late 1930s and the last desperate years before the start of World War II. For now, the scale is far smaller, but that might swiftly change. Many of the former military personnel who now work at these companies are spending considerable time alongside clients in a range of countries including Ukraine - which is buying as well as manufacturing. In some cases, they are finding their own countries looking unprepared. Reports since the start of the US campaign against Iran suggest more expensive missiles such as the Tomahawk cruise missile and Patriot air defence projectiles are running very short. Drone providers talk of being able to deliver hundreds of thousands or even millions of individual systems every year. Perhaps unsurprisingly, no nation has appeared to understand that new reality as fast as Ukraine. Last week, President Volodymyr Zelenskiy toured the Middle East offering expertise in drone attack and defence systems to Saudi Arabia, Qatar and the United Arab Emirates. Western nations out of the firing line have been slower to respond, but they may not have much time — and some firms on their soil are already moving fast regardless.
admin
The US economy posted unexpectedly strong job gains in March, data showed yesterday, in a development hailed as a win by US President Donald Trump’s administration but seen with caution by analysts. The world’s largest economy gained 178,000 jobs in March, after losing 133,000 in February, and the unemployment rate dropped by 0.1 percentage-points to 4.3%, the Labor Department said. Friday’s data significantly beat analyst expectations, with economists polled by Dow Jones Newswires and the Wall Street Journal expecting an increase of 59,000 jobs. The data was stronger than forecast, “but vastly overstates the sustainable pace of job growth,” said Oxford Economics lead US economist Nancy Vanden Houten. “The end of a strike, seasonal quirks and a rebound after harsh winter weather likely boosted job growth in some sectors,” she said. The White House, however, touted the numbers as a major success. “Americans can rest assured that after the short-term disruptions of Operation Epic Fury are behind us, America’s economic resurgence is set to only accelerate,” said spokesperson Kush Desai, referring to the US-Israel war on Iran. Much of March’s recovery was fuelled by health care jobs, which have remained resilient even as labour demand has dropped in other sectors. Health care added 76,000 jobs in March, after having lost jobs the month before, in part due to strike actions. Employment in construction also grew by 26,000 in March, although the Labour Department flagged that it had changed little over its level from a year ago. Federal government employment continued to decline, down 11.8% since October 2024. Trump has taken a hatchet to the sector in a drive aimed at cost-cutting and reducing the size of government. The new data reflected a revision in the figures for January and February, showing employment for those two months combined was 7,000 lower than previously reported. The US-Israel war on Iran has engulfed the Middle East, sent oil prices surging and snarled supply chains, leading to fears of a global economic slowdown. Analysts signalled caution as the economic impact of the war begins to hit Americans. Nationwide Chief Economist Kathy Bostjancic said the March report showed the labour market was in “good standing,” with “broad-based gains in the private sector.” Oxford Economics’ Houten, however, said the report “doesn’t change our assessment that the downside risks to the labour market have increased” due to the war. “As the labour market softens due to the fallout from the war, we expect the unemployment rate to edge up,” she said. High energy prices tend to drive up production costs, curbing economic activity, with analysts expecting the current “low-hire, low-fire” trend to continue. “If you look through the noise you have, you know that same picture that we’ve been looking at, which is a labour market that’s holding up, but that has become more fragile, and that remains stuck in this low-hire, low-fire type of environment,” EY-Parthenon Senior Economist Lydia Boussour told AFP. Uncertainty about the war’s economic shock has so far led policymakers at the Federal Reserve to adopt a wait-and-see approach on interest rate moves, as they balance curbing stubbornly high inflation with managing unemployment. Unemployment rates have remained relatively steady in the United States — but the figure has hidden churn under the surface, analysts warn, as weak jobs growth has been matched by a drop in labour supply. That drop in supply is largely attributed to Trump’s crackdown on migrants. For Fed policymakers, however, inflation currently appears to be a bigger risk than unemployment. “We are getting mixed signals, with some key indicators showing signs of steadying while others are suggesting a weakening labour market,” said New York Fed President John Williams on Monday. EY-Parthenon’s Boussour said Friday’s report will provide “a little bit of reassurance and a little bit of breathing room for the Fed to focus on the inflation side of their mandate in the coming months.”
admin
Armando Labrador owns and operates a plastic-surgery clinic in a Miami strip mall that advertises low-cost breast implants and liposuction. He dreams of being Cuba’s next president. Labrador, 56, fled Cuba with his family as
admin
A reform billed as making Italy’s capital markets more attractive is instead unnerving investors, with Monte dei Paschi di Siena becoming the first company to test new board-nomination rules that critics say are opaque and
admin
New Zealand and Cook Islands signed a defense and security pact on Thursday, easing more than a year of tension between the Pacific nations over Cook Islands’ deepening ties with China. The fraught diplomatic standoff
