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German-made Leopard 1 Tanks heading from Belgium to Ukraine

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face in sourcing weaponry for Ukraine after more than a year of intense conflict – weapons once discarded as outdated are now in high demand, often held by private companies.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

 

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Streaming wars: can Apple compete with Spotify?

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Spotify’s 2023 Wrapped has dropped prompting listeners to review their top artists, genres, and songs of the year.

Many are taking to social media platforms to share their listening trends with family, friends, coworkers, and even other fans on the internet.

While Apple Music, a rival platform, has its own year-end campaign—it hasn’t quite ignited the same online response.

Seth Schachner, the Managing Director at StratAmericas and a former Sony Music Executive joins Veronica Dudo to discuss. #Spotify #music #Apple #AppleMusic #SpotifyWrapped #streaming #featured #IN AMERICA TODAY

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What Australia can learn from NZ’s supermarket inquiry

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Coles and Woolworths, two of Australia’s largest supermarket chains, are about to face a Senate inquiry that aims to scrutinise their market dominance and business practices.

The inquiry’s parallels with a past New Zealand investigation highlight the growing concern over the duopoly’s impact on consumers and smaller businesses.

The Senate inquiry, set to begin next month, comes as a response to mounting public pressure and allegations of anti-competitive behavior in the grocery sector.

New Zealand example

Similar concerns led New Zealand to conduct its own inquiry into the supermarket industry back in 2019, resulting in recommendations for increased regulation and transparency.

The central question here is whether Coles and Woolworths wield too much power in the Australian market, potentially stifling competition and limiting choices for consumers.

With the New Zealand example as a cautionary tale, many are wondering if this inquiry will result in meaningful changes to the Australian grocery landscape.

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Elon Musk: Nikki Haley’s ‘campaign is dead’

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Elon Musk has thrown a verbal jab at former South Carolina Governor Nikki Haley, declaring her political campaign as “dead” on X.

The unexpected comment from the Tesla and SpaceX CEO has ignited a new wave of discussion within the political sphere, leaving many wondering about the implications for Haley’s political future.

In a tweet that garnered significant attention, Musk criticized Haley’s recent policy stance, writing, “Nikki Haley’s campaign is dead on arrival if she continues to ignore the urgency of climate change.

We need leaders who prioritize the planet’s future.” The tech mogul’s remarks come as Haley, a prominent Republican figure, has been exploring the possibility of running for president in the upcoming election cycle.

Musk’s statement has reignited the debate over climate change within the Republican Party, with many conservatives emphasizing economic interests over environmental concerns.

This raises questions about whether Musk’s endorsement or critique could influence the GOP’s stance on climate issues and potentially impact the 2024 presidential race.

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