Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

NK confirms ‘successful’ submarine-launched missile test

Published

on

North Korea has successfully tested a new submarine-launched ballistic missile

According to North Korean state media, the country successfully tested a ballistic missile via a submarine, confirming earlier reports made by South Korea.

North Korea’s KCNA news agency stated that the missile had “lots of advanced control guidance technologies”, and was fired from the same vessel that was used in a 2016 test.

The agency did not mention leader Kim Jong-un, suggesting he did not attend the test.

On Tuesday, South Korea’s military reported an apparent weapons test in waters off Japan’s coast.

North Korea has carried out a flurry of missile tests in recent weeks, including of what it said were hypersonic and long-range weapons.

Some of these tests violate strict international sanctions

North Korea is specifically prohibited by the United Nations from testing ballistic missiles as well as nuclear weapons.

The UN considers ballistic missiles to be more threatening than cruise missiles due to the fact that they can carry more powerful payloads, have a longer range and also fly faster.

On Tuesday, South Korea’s Joint Chiefs of Staff stated that one missile had been launched from the port of Sinpo, in the east of North Korea where Pyongyang usually bases its submarines. The missile landed in the East Sea, also known as the Sea of Japan.

South Korea suspected the missile to have been a submarine-launched ballistic missile.

South Korean media reported that this particular missile was believed to have travelled about 450km at a maximum height of 60km.

Japanese Prime Minister Fumio Kishida has since responded to the launch by NK, calling the latest actions as “very regrettable”.

Continue Reading

News

Rate cuts ahead? US stocks bounce as inflation cools

Published

on

Investor sentiment is improving as fresh data out of the US and Australia shifts expectations for central bank action.

Stronger-than-expected labour market figures in Australia have raised questions about whether the Reserve Bank will move ahead with a rate cut next week. While the RBA has signalled it is watching data closely, the resilience in employment may force a delay.

Meanwhile, in the US, softer inflation data has lifted hopes that the Federal Reserve could cut rates later this year. That news helped spark a sharp turnaround in US equities, with the so-called “sell America” trade now unwinding as buyers return to Wall Street.

Continue Reading

News

Trump’s $600B Middle East Deal: What It Means for Global Stability

Published

on

 

President Donald Trump’s four-day Middle East tour during his second term has sparked global attention, locking in a monumental $600 billion investment from Saudi Arabia. From AI to defence, space to energy—this economic pact is reshaping U.S. foreign policy.

In an unprecedented move, Trump also lifted long-standing U.S. sanctions on Syria after meeting its new president, raising eyebrows among traditional allies.

Ticker News anchor Veronica Dudo speaks with Erbil “Bill” Gunasti, former Turkish PM Press Officer and Republican strategist, to break down the implications for national security, global diplomacy, and the path to peace in Ukraine.

Continue Reading

News

Trump’s AI deals raise concerns over China ties

Trump’s AI deals in the Middle East spark division over national security risks and concerns over China ties.

Published

on

Trump’s AI deals in the Middle East spark division over national security risks and concerns over China ties.

In Short:
Trump’s AI deals with Saudi Arabia and the UAE are causing internal conflicts in his administration over US national security. Officials are concerned that American technology supplied to the Gulf could ultimately benefit China, leading to calls for enhanced legal protections.

President Donald Trump’s recent AI deals in Saudi Arabia and the UAE are causing internal conflicts within his administration.

Concerns are rising among officials, particularly China hawks, about the implications for US national security and economic interests.

Agreements include shipments of vast quantities of semiconductors from Nvidia and AMD to the Gulf states, prompting fears that American technology could ultimately benefit China, given the region’s ties with Beijing.

While the accords include clauses to limit Chinese access to the chips, some officials argue that further legal protections are necessary.

Critics, including Vice President JD Vance, have suggested that maintaining US dominance in AI is crucial, and shipping chips abroad might undermine that goal.

Supporters of the deals, including AI Adviser David Sacks, argue the need for American technology in the Gulf to deter reliance on Chinese alternatives.

Despite this, internal discussions are underway to potentially slow down or reassess the agreements due to ongoing national security concerns.

Conversations have also included proposals for a significant chip manufacturing facility in the UAE, which many officials deem risky due to China’s influence.

Additionally, worries persist about G42, an AI firm in Abu Dhabi, which has historical ties to Huawei.

The agreements with Gulf countries promise to enhance their technological capabilities while necessitating careful oversight to address US security priorities.

 

Continue Reading

Trending Now