News

German-made Leopard 1 Tanks heading from Belgium to Ukraine

Published

2 years ago

August 9, 2023

A European nation has acquired dozens of second-hand Leopard 1 tanks, formerly belonging to Belgium, to provide support to Ukrainian forces engaged in combat against Russia’s invasion.

These German-made Leopard 1 tanks were a focal point of contention earlier this year when Belgian Defence Minister Ludivine Dedonder stated that the government had explored repurchasing tanks to aid Ukraine, but faced exorbitant pricing.

This clash underscored the dilemma Western governments face in sourcing weaponry for Ukraine after more than a year of intense conflict – weapons once discarded as outdated are now in high demand, often held by private companies.

Freddy Versluys, CEO of defense company OIP Land Systems, purchased the tanks from the Belgian government over five years ago. He revealed to Reuters that he has now sold all 50 tanks to another European nation, the identity of which remains confidential due to a non-disclosure agreement. The transaction amount also remains undisclosed.

Export to Ukraine

Germany’s Handelsblatt newspaper reported on Tuesday evening that arms manufacturer Rheinmetall (RHMG.DE) has acquired the tanks and will prepare most of them for export to Ukraine. Rheinmetall declined to comment.

Versluys posted on LinkedIn, accompanied by a photo of tanks beside a bottle of Ukrainian vodka: “The fact that they leave our company proves that we asked for a fair market price and someone was more than happy to take them.”

He further noted that the tanks are presently being transported to a factory for comprehensive refurbishment. Some will serve as spare parts, while others will undergo repair. Versluys estimated that it could take four to six months before these tanks are operational on the Ukrainian battlefield.

Several Western allies of Kyiv had previously agreed to provide modern Leopard 2 tanks and older Leopard 1 models to Ukraine.

The Leopard 1, produced by the German firm Krauss-Maffei since the 1960s, is lighter than the Leopard 2 and features a distinct main gun. The models sold by Versluys underwent their last upgrade in the 1990s.

News

UPS cargo plane crashes in Kentucky, as death toll rises

UPS cargo plane crash in Kentucky kills four, injures 11, governor warns death toll may rise

Published

7 hours ago

November 5, 2025

Ahron Young

UPS cargo plane crash in Kentucky kills four, injures 11, governor warns death toll may rise

In Short:
– A UPS cargo plane crashed in Louisville, resulting in at least four deaths and 11 injuries.
– Investigations are underway, and all departing flights from the airport have been cancelled.

A United Parcel Service cargo plane crashed shortly after takeoff in Louisville, Kentucky, at approximately 5:15 p.m. local time, leading to at least four fatalities and 11 injuries.Kentucky Governor Andy Beshear indicated that the death toll may rise. Those who died were not part of the three-person crew aboard the aircraft, which was heading to Honolulu.

Several people with serious injuries are receiving treatment at nearby hospitals.

The crash affected two businesses in proximity to the airport: Kentucky Petroleum Recycling and Grade A Auto Parts. Grade A Auto Parts confirmed most employees were accounted for, although uncertainty remains regarding customer safety.

Nearby, a Ford Motor assembly plant lost power but was not directly impacted by the crash.

Emergency services have worked to contain a fire resulting from the incident, which required a significant number of responders. UPS has not confirmed details regarding its crew’s condition. Photographs showed the MD-11 engulfed in flames at the Louisville Muhammad Ali International Airport.

UPS operates its primary air cargo facility in Louisville, processing millions of packages daily. The plane’s fuel load of 38,000 gallons contributed to explosions that occurred upon impact with the businesses, prompting significant road closures.

Investigation Underway

The Federal Aviation Administration and the National Transportation Safety Board will conduct investigations into the crash.

In the aftermath, all departing flights from the airport have been cancelled, affecting major airlines including Delta Air Lines and American Airlines.

News

This may be the AI market correction, according to traders

US stocks tumble as tech giants report uneven earnings, prompting fears of a looming market correction.

Published

14 hours ago

November 5, 2025

Ahron Young

US stocks tumble as tech giants report uneven earnings, prompting fears of a looming market correction.

US stocks have taken a sharp dive as investors grow nervous about stretched valuations and uneven earnings reports from tech giants. Major Wall Street banks, including Morgan Stanley and Goldman Sachs, are warning that the rally could be nearing a 10% correction – a wake-up call for traders betting on unstoppable market momentum.

Nvidia, the world’s most valuable public company, dropped nearly 4%, wiping out around $200 billion in market value. Meanwhile, Palantir slid 6%, dragging other AI and semiconductor names lower. Even gold — a traditional safe haven — dipped 1.6%, signaling widespread investor anxiety.

Bitcoin also broke below the $100,000 mark for the first time since June, underscoring how jittery markets have become. As earnings season unfolds and the US government shutdown looms, investors are questioning whether the bull run that lifted the S&P 35% since April has finally run out of steam.

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News

Dick Cheney dies at 84: The end of an era in American power

Former Vice President Dick Cheney dies at 84, leaving a controversial legacy in American politics and national security.

Published

14 hours ago

November 5, 2025

Ahron Young

Former Vice President Dick Cheney dies at 84, leaving a controversial legacy in American politics and national security.

Former U.S. Vice President Dick Cheney has died at the age of 84, marking the end of one of the most influential — and controversial — political careers in modern American history. Cheney served under four Republican presidents, most notably George W. Bush, where he became known as one of the most powerful vice presidents in U.S. history.

His family confirmed he passed away from complications related to pneumonia and heart disease. Cheney’s decades in Washington were defined by his hardline approach to national security and his role in shaping America’s response to the September 11 attacks.

Even after leaving office, Cheney remained a strong defender of his policies, particularly the 2003 invasion of Iraq. His passing leaves behind a complicated legacy — one that reshaped U.S. foreign policy and continues to influence Republican politics today.

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