Ukrainian defence officials and corporate leaders sought to steal about $40 million through a fraudulent arms procurement scheme, the country’s main intelligence and security agency said Saturday. The corruption allegations were confirmed by Ukraine’s defence ministry, which has served implicated officials with notices of suspicion. They come as Republicans in the United States resist President … Read more
Updated Jan. 16, 2024 6:45 pm ET WASHINGTON—The Biden administration plans to put the Houthi rebel group back on one of its lists of terrorist organizations, days after the U.S. launched strikes on its facilities in Yemen in retaliation for months of attacks on commercial vessels in the Red Sea, officials said. The placement as a … Read more
Updated Jan. 16, 2024 2:07 pm ET The U.S. military was searching for two Navy SEALs lost at sea during an operation that seized Iranian-made missile parts bound for Houthi rebels in Yemen, as the U.S. launched another series of strikes against the group. The waters off the Yemen coastline have become a zone of … Read more
Updated Jan. 16, 2024 12:39 pm ET Chinese Premier Li Qiang gave global business elites a big hint on highly anticipated growth figures, as he sought to reassure them that investing in China is an opportunity—not a risk. Li delivered the message in an address at the World Economic Forum in Davos, Switzerland, as Chinese … Read more
Updated Jan. 16, 2024 5:42 am ET Shell has agreed to sell its Nigerian onshore oil subsidiary for up to $2.4 billion, making good on a promise to exit what was for decades one of its most dependable cash cows but in recent years has become a big drag on its reputation. The London-based energy … Read more
Updated Jan. 15, 2024 3:19 pm ET The Israeli military is close to completing its most intensive phase of fighting against Hamas in the Gaza Strip, Israel’s defense minister said Monday, warning that the lack of a plan for postwar Gaza could hurt the military campaign. In northern Gaza, the most intensive phase of fighting … Read more
It is always a stockpicker’s market. You just have to pick the right stocks. If you picked the so-called Magnificent Seven last year—a group of highflying, mostly tech stocks that powered the S&P 500 index to a 24% gain—you looked in the mirror and beheld a genius. This year, it might be wise to avoid … Read more
Updated Jan. 11, 2024 3:37 pm ET The Middle East braced Thursday for U.S.-led coalition strikes on Houthi positions, after the Yemeni rebel force defied an ultimatum to halt its attacks on ships transiting the Red Sea with a barrage of missiles and drones Tuesday. Maritime executives have been told by Western diplomats that targets … Read more
Updated Jan. 11, 2024 7:58 am ET Armed, uniformed men boarded an oil tanker off the coast of Oman that has been at the center of a dispute between Iran and the U.S. and changed its course toward Iranian waters on Thursday, according to maritime intelligence firms, marking a further escalation along shipping routes in … Read more
