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U.S. Navy recovers shot-down Chinese spy balloon

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Chinese spy craft was 200 feet tall and weighed several thousand pounds, according to officials

New details are emerging about the Chinese Spy balloon that flew over the continental United States from coast to coast.

The United States Navy recovered the Chinese spy craft after it was shot down over the Atlantic Ocean this weekend.

According to the Pentagon, it was 200 feet tall, weighed a couple of thousand pounds, the debris spanned 15 football fields. The equipment onboard included photographic material and possible explosives to deflate the balloon.

China says it was a civilian balloon—but U.S. officials aren’t’ buying that explanation.

“The PRC knows precisely why this was in our airspace, the PRC knows precisely what this was doing over the United States, and ultimately the PRC knows precisely why we did what we did,” said Ned Price State Department spokesperson.

The Chinese spy craft also travelled over sophisticated ICBM locations and other military facilities.

Lawmakers briefed on the situation and say this wasn’t the first time.

“What we were told is there were multiple incursions over Florida, one over Texas, and then there’s been separate reporting—we haven’t been able to ask about yet—over Hawaii and Guam. So, what were the extent of these incursions?” asked Congressman Michael Waltz (R-FL).

As lawmakers are demanding answers from the Biden administration about why they allowed the balloon to continue its mission for a week and why the balloon allowed to enter U.S. airspace—China admitted  that a second balloon spotted over Latin America is theirs—again—alleging that the aircraft is ‘civilian’ in nature and shifted off course because of weather.

All eyes will certainly be on U.S. President Joe Biden when he delivers his state of the union address on Tuesday evening to see if he will discuss the international incident or take a harder line against China.

Veronica Dudo is the U.S. Correspondent for Ticker News covering America’s biggest headlines. As an Emmy® Award nominated global journalist, Veronica has traveled across the country and around the world reporting on historical events that connect all citizens. Lauded as an award-winning international journalist, Veronica has executed stellar news coverage for NBC News, CBS News, The Hill, ME-TV Network and AOL. Her stories have highlighted a plethora of topics ranging from breaking news and politics to economic affairs across the USA, European Union, and Asia; cultural affairs; globalization; governance; education; and sustainability.

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Oil prices drop amid OPEC+ output increase plans

Oil prices continue to decline amid OPEC+ output hike plans and U.S. sanctions on Russian oil companies

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Oil prices continue to decline amid OPEC+ output hike plans and U.S. sanctions on Russian oil companies

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In Short:
– Oil prices declined for three days due to OPEC+ production plans and U.S. sanctions on Russia.
– Eight OPEC+ nations may approve a 137,000 barrels per day output increase for December.
Oil prices fell for the third consecutive day as traders assessed OPEC+ plans to increase production amid pressures from U.S. sanctions on Russia and optimism regarding U.S.-China trade talks.Brent crude futures dropped to $65.43 per barrel, down 0.28%, while West Texas Intermediate crude fell to $61.25 per barrel, a decline of 0.10%.

Market concerns about potential oversupply are influencing this sustained weakness as OPEC+ prepares for another production increase.

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Eight OPEC+ nations are reportedly leaning towards approving a modest output increase of around 137,000 barrels per day for December. The decision, driven by Saudi Arabia’s desire to regain market share, reflects ongoing efforts to adjust production after years of cuts to support prices.

Since April, OPEC+ has raised production targets by over 2.7 million barrels per day, nearly halving the previous cumulative cuts agreed upon.

Industry analysts note that additional supply from OPEC+ has contributed to a five-month low in oil prices due to concerns about a developing glut.

Market Uncertainty

The oil market faces ongoing uncertainty from U.S. sanctions placed on Russia’s largest oil companies, Rosneft and Lukoil. These sanctions aim to increase pressure on Russia’s energy sector, further complicating the market situation.

Major oil buyers, including state-owned Chinese companies, have started suspending Russian oil purchases, indicating potential disruptions to the market.


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Marketers struggle to find right creative partners

80% of marketers pitch agencies, but finding the right creative partner is increasingly challenging; AI may offer solutions.

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80% of marketers pitch agencies, but finding the right creative partner is increasingly challenging; AI may offer solutions.


A new report reveals that while 80% of marketers now run their own agency pitches, many admit the search for the perfect creative partner is tougher than ever.

Darren Woolley from TrinityP3 explains what’s driving the shift and how AI could help.

#Marketing #Advertising #Agencies #BrandStrategy #AI #TrinityP3 #CreativeIndustry #DarrenWoolley #Pitching #Media #Business


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Trump royally welcomed to Japan

Trump’s Asia tour launches in Japan with investment pledges, heading to South Korea for a trade truce with China.

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Trump’s Asia tour launches in Japan with investment pledges, heading to South Korea for a trade truce with China.


President Trump’s Asia tour begins with a warm welcome in Japan and major investment pledges, as he heads to South Korea aiming to secure a trade war truce with China.

#Trump #Asia #Japan #SouthKorea #China #Trade #XiJinping #Diplomacy #WhiteHouse #USPolitics #GlobalTrade


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