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Jens Stoltenberg: “War in Ukraine is consuming an enormous amount of munitions”

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NATO Secretary-General Jens Stoltenberg has warned that Ukraine is using up ammunition faster than its allies can provide

This is all on the back of Vladimir Putin beginning Russia’s military offensive in Ukraine, as it approaches the one-year anniversary of the war.

Ukraine is reportedly firing around 7,000 artillery shells each day, as it tries to defend territory.

Stoltenberg revealed the wait time for ammunition orders had increased from 12 to 28 months.

“The current rate of Ukraine’s ammunition expenditure is many times higher than our current rate of production. This puts our defence industries under strain,” Stoltenberg said.

“The war in Ukraine is consuming an enormous amount of munitions and depleting allied stockpiles.”

The former Norwegian prime minister said that President Vladimir Putin has already begun Russia’s long-anticipated spring military offensive in Ukraine, “so we must continue to provide Ukraine with what it needs to win and to achieve a just and sustainable peace.”

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Curious times for AI & investing as stark reality becomes clear

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Both private funding for startups and corporate mergers and acquisitions within the sector have decreased, reflecting a shift in investor sentiment.

While some AI ventures continue to attract significant investments, experts attribute the overall downturn to challenges in scaling AI technologies and a more cautious investment climate.

Generative AI stands out as a bright spot, experiencing exponential growth in funding despite lingering skepticism among corporate executives.

Amidst this market correction, some view the shift as necessary for a more sustainable investment landscape, predicting stable growth in the coming years.

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Game on with charitable cause and fresh titles of the week

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Xbox ANZ partners with Cure Cancer in an clever collaboration, introducing three exclusive Xbox Series X consoles inspired by the pioneering cancer research of Dr. Arutha Kulasinghe from The University of Queensland.

These unique designs, reflecting Dr. Kulasinghe’s innovative tumour mapping techniques, are currently available for auction, offering gamers an opportunity to contribute to a noble cause while acquiring a prized gaming collectible.

Meanwhile, Nintendo Switch Online unveils its latest additions, including the long-awaited Wrecking Crew 98, previously exclusive to Japan, now accessible to a global audience.

In the gaming sphere, this week brings diverse experiences, from the underwater exploration and sushi entrepreneurship of “Dave the Diver” to the enchanting narrative journey of “Harold Halibut” and the thrilling action RPG “No Rest for the Wicked” by Moon Studios, promising captivating adventures across PlayStation, Xbox, and PC platforms.

 

 

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Donald Trump becomes first former U.S. president to stand trial

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Trump has denied any wrongdoing, maintaining that the payments were not campaign-related and therefore not subject to campaign finance laws.

Jury selection commenced today in the criminal trial of former President Donald Trump, focusing on allegations related to hush money payments made to women who claimed to have had affairs with him.

The trial, which has drawn significant attention, marks a pivotal moment in Trump’s post-presidential legal battles. #ticker today #featured

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