US Army says it needs $3 billion for 155 mm artillery rounds and production

US Army says it needs $3 billion for 155 mm artillery rounds and production

A soldier of the U.S. Army participates in the live firing exercise DYNAMIC FRONT 23 at Grafenwoehr training site in Grafenwoehr, Germany, March 28, 2023. REUTERS/Leonhard Simon/File Photo Acquire Licensing Rights WASHINGTON, Nov 7 (Reuters) – The U.S. Army needs Congress to approve $3.1 billion to buy 155 millimeter artillery rounds and expand production to … Read more

India’s Raymond bolsters engineering business in $82-mln deal

India’s Raymond bolsters engineering business in $82-mln deal

BENGALURU, Nov 3 (Reuters) – India’s Raymond (RYMD.NS) said on Friday it would pay 6.82 billion rupees ($82 million) for a majority stake in an auto parts maker, doubling down on its shift away from its once mainstay textiles business into engineering and real estate. Raymond said it will buy a 59.25% stake in Maini … Read more

Russian security forces remove pro-Palestinian protesters from Dagestan airport

Russian security forces remove pro-Palestinian protesters from Dagestan airport

Oct 29 (Reuters) – Russian authorities closed an airport in the city of Makhachkala in the northern Caucasus region and diverted flights, including one from Israel, after media reports showed demonstrators denouncing Israeli actions in Gaza had gathered at the facility. The Russian aviation authority Rosaviatsia said security forces had by 10:20 p.m. Moscow time … Read more

Musk says Starlink to provide connectivity in Gaza through aid groups

Musk says Starlink to provide connectivity in Gaza through aid groups

File photo: Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023. REUTERS/Gonzalo Fuentes/File photo Acquire Licensing Rights Oct 28 (Reuters) – Elon Musk said … Read more

SK Hynix says AI boom will drive profits after Q3 loss narrows

SK Hynix says AI boom will drive profits after Q3 loss narrows

The logo of SK Hynix is seen at its headquarters in Seongnam, South Korea, April 25, 2016. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing Rights SEOUL, Oct 26 (Reuters) – South Korea’s SK Hynix (000660.KS) said a boom in artificial intelligence will drive chip profits after posting a sharply narrower third quarter loss than it did in … Read more

Low-cost EV maker e.GO eyes European, US expansion

Low-cost EV maker e.GO eyes European, US expansion

The first e.GO Life electric cars of e.GO Mobile AG are parked in front of the headquarters of the German e-car start-up during kick-off for the production of 30,000 yearly units in Aachen, Germany, May 9, 2019. REUTERS/Wolfgang Rattay/File photo Acquire Licensing Rights LONDON, Oct 20 (Reuters) – German electric vehicle maker Next.e.GO Mobile plans … Read more

Rockets, drones hit Iraqi bases housing U.S. forces -security sources

Rockets, drones hit Iraqi bases housing U.S. forces -security sources

Military vehicles of U.S. soldiers are seen at the al-Asad air base in Anbar province, Iraq, January 13, 2020. REUTERS/John Davison/File Photo Acquire Licensing Rights ANBAR, Iraq, Oct 19 (Reuters) – Drones and rockets targeted on Thursday evening the Ain al-Asad air base, which hosts U.S. and other international forces in western Iraq, and multiple … Read more

Schindler lifts 2023 outlook on strong services business

Schindler lifts 2023 outlook on strong services business

Logo of Swiss manufacturer Schindler is seen at an elevator in Zurich, Switzerland February 17, 2021. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing Rights Expects 2023 net profit at 880 mln-910 mln francs Expects 2023 revenue growth of 6%-8% Shares seen up 1.4% in Julius Baer pre-market Q3 net profit at 228 mln francs Oct 19 (Reuters) … Read more

US broadly eases Venezuela oil sanctions after election deal

US broadly eases Venezuela oil sanctions after election deal

Venezuela’s President Nicolas Maduro speaks during a meeting with Iranian President Ebrahim Raisi at the Miraflores Palace, in Caracas, Venezuela June 12, 2023. REUTERS/Leonardo Fernandez Viloria/File Photo Acquire Licensing Rights WASHINGTON, Oct 18 (Reuters) – The Biden administration on Wednesday broadly eased sanctions on Venezuela’s oil sector in response to a deal reached between the … Read more

Samsung Q3 profit beats expectations, raising hopes of chip recovery

Samsung Q3 profit beats expectations, raising hopes of chip recovery

Best quarterly profit so far this year Shares open 3.3% higher Memory chip prices likely hit bottom in Q3-analysts SEOUL, Oct 11 (Reuters) – Samsung Electronics (005930.KS) on Wednesday said its preliminary third-quarter profit dropped by a smaller-than-expected 78%, as the battered memory chip market shows early signs of recovering from a severe downturn. Samsung … Read more