Russia has announced that its forces have conducted a massive missile strike targeting Ukraine’s military-industrial base. Kiev has confirmed the attacks, admitting that its air defenses failed to intercept most projectiles. In a statement on Monday, the Russian Defense Ministry said it had carried out “a group strike” using high-precision sea- …
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Operational challenges arising from soaring energy bills have put the entire US industrial complex at risk of partial shutdown, Bloomberg reported on Thursday. The country’s second-biggest aluminum mill, which accounts for 20% of the national supply, reportedly laid off 600 workers in late June after its electricity bill tripled. Century …
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Russian government-backed hackers have been stealing “sensitive” information from American weapons companies for several years, a recent announcement by US security agencies has claimed. The FBI, National Security Agency, and US Cybersecurity and Infrastructure Security Agency (CISA) released a report on Wednesday alleging that since at least January 2020, the …
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The industrial group, one of the country’s oldest, is in search of land for an outsourced semiconductor assembly and test (OSAT) plant, and is currently in talks with the southern states of Tamil Nadu, Karnataka and Telangana, according to unnamed sources, as quoted by Reuters. With potential investments of up …
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Fire crews were swiftly dispatched to an industrial unit in the Worcestershire town after explosions were reported. Video footage showed what appears to be a burning factory, with a column of smoke rising over residential neighbourhoods nearby. The scene has been described as “absolute chaos” by locals. Police have asked …
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Allegations made in a California lawsuit that was dismissed last year on jurisdictional grounds led to probes by the US Department of Justice (DOJ) and the US Securities and Exchange Commission (SEC), the Wall Street Journal reported on Tuesday, citing unidentified people familiar with the matter. Raytheon was accused of …
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Farmington Police Department confirmed that a plane had crashed into a building on Hyde Road shortly after taking off from a nearby air field, and said in a tweet that emergency services were on the ground working to “evacuate the immediate area.” Four people were onboard the plane, reportedly a …
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Speaking to the popular YouTube channel Solovyov Live, Rogozin explained his view that corruption in this field is not only theft of state funds but also the theft of security. “When I still worked in parliament, I publicly stated that, in my opinion, corruption in the military-industrial complex should be …
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Last month, Chinese exports recorded year-over-year growth of 19.3% following a 32.2% gain in June. The increase was expected to total 20.8%, according to analysts polled by Reuters. Meanwhile, imports rose by a more modest 28.1% from a year ago, falling short of a 33% increase forecast in the poll, …
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The growth came on the back of recovery in demand. Compared with the first five months of 2019, the figure represented a rise of 48%. Statistics show that, in May alone, the profits of major industrial firms grew 36.4% in annual terms to 829.9 billion yuan ($11.4 billion). The pharmaceutical …
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