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

News

Why can’t North Korea launch a spy satellite?

Published

on

North Korea’s second attempt to deploy a spy satellite into orbit has failed as its rocket booster encountered a malfunction in its third stage, according to reports from state media.

The setback has not deterred the nation’s space authorities, who are determined to make another attempt come October.

This recent mishap marks the second unsuccessful effort by North Korea to launch a spy satellite, following its initial try in May, which saw the Chollima-1 rocket plunge into the sea.

The launch, executed before dawn, took place within the opening hours of an eight-day window that North Korea had initially announced for the operation. The secretive nation has expressed its ambition to place its inaugural military spy satellite in orbit, as part of a broader plan to establish a constellation of satellites aimed at surveilling the movements of U.S. and South Korean military forces.

State news agency KCNA attributed the failure of Thursday’s launch to an anomaly in the emergency blasting system during the third-stage flight. According to South Korea’s military, which closely monitored the mission from the North’s Sohae Satellite Launching Ground, the flight ended in failure, and efforts are underway to locate and potentially retrieve any debris.

The launch event triggered an emergency alert in Japan shortly before 4 a.m. local time (1900 GMT), prompting residents in Okinawa to seek shelter. Approximately 20 minutes later, the Japanese government declared that the missile had passed and consequently lifted the emergency warning.

In a press conference, Japanese Chief Cabinet Secretary Hirokazu Matsuno voiced concern over the recurring missile launches, labelling them as a genuine threat to regional security. “We will strongly protest against North Korea and condemn it in the strongest possible terms,” Matsuno stated, revealing that sections of the rocket had descended into the Yellow Sea, the East China Sea, and the Pacific Ocean.

The launch garnered swift international condemnation. South Korea’s National Security Council deemed the event a provocation and a violation of U.N. Security Council resolutions that prohibit North Korea’s utilisation of ballistic missile technology.

The White House also denounced the launch, citing its infringement on multiple U.N. Security Council resolutions. The U.S. State Department called upon North Korea to cease “further threatening activity” and urged Pyongyang to engage in earnest diplomatic discussions.

A spokesperson from the U.S. State Department emphasised that the technologies employed in space launch vehicles (SLVs) closely resemble those found in ballistic missiles, including intercontinental ballistic missiles (ICBMs).

Continue Reading

News

Tariffs create economic uncertainty for corporate giants

CEOs warn tariffs are harming planning, raising costs, and reducing consumer spending, leading to uncertain economic forecasts.

Published

on

CEOs warn tariffs are harming planning, raising costs, and reducing consumer spending, leading to uncertain economic forecasts.

In Short

U.S. company CEOs, including those from American Airlines and Procter & Gamble, are worried about the negative effects of changing tariff policies on their businesses and consumer behaviour.

Many industries anticipate increased costs, potential price hikes for consumers, and a slowdown in economic growth due to uncertainty in tariff regulations.

CEOs from major U.S. companies, including American Airlines and Procter & Gamble, are expressing concerns about the impact of shifting tariff policies on their businesses and consumer behaviour.

Travel has already been affected, with airlines revising their full-year outlooks due to softer leisure travel as uncertainty looms. Procter & Gamble is contemplating price increases on some products in response to these tariffs.

Major automotive groups have urged President Trump to reconsider the 25% tariff on car parts, citing significant increases in costs for consumers. American Airlines’ CEO, Robert Isom, noted that hiring and expansion plans may be curtailed due to the unpredictable economic environment.

Harming investment

CEOs from various sectors, including finance and aviation, highlighted how the instability in tariff regulations is harming investment and economic growth. Some consumers are already reacting by purchasing big-ticket items prematurely, fearful of future price hikes.

Telecom executives from Verizon and AT&T indicated they cannot entirely absorb the costs associated with tariffs, leading to inevitable price increases for consumers. Similarly, home builders like PulteGroup anticipate rising costs for new homes due to tariff-related expenses on materials.

While some executives support certain tariffs, many are concerned about the long-term effects on their operations and the economy as a whole. The International Monetary Fund also projects a slowdown in global growth as a result of these tariff policies.

Continue Reading

News

Trump urges Putin to halt Kyiv attacks after casualties

Trump urges Putin to cease attacks on Ukraine following deadly missile strike on Kyiv, killing 12 and injuring 90.

Published

on

Trump urges Putin to cease attacks on Ukraine following deadly missile strike on Kyiv, killing 12 and injuring 90.

In Short

A missile and drone attack on Kyiv killed 12 and injured 90, prompting Trump to urge Putin for a peace deal amid escalating tensions.

Ukraine seeks an unconditional cease-fire, but ongoing strikes and unacceptable Russian conditions raise concerns over future peace negotiations.

In a recent missile and drone attack on Kyiv, 12 individuals were killed and 90 injured, marking the most severe air assault this year.

U.S. President Trump responded by urging Russian President Putin to halt attacks and pursue a peace agreement. He expressed concern over the loss of life, highlighting that 5,000 soldiers perish weekly.

The attack involved over 200 missiles and drones and targeted critical Ukrainian industries. Trump’s frustration has increased as peace talks stagnate, with him also critiquing Ukrainian President Zelensky for dismissing a peace proposal that would legally recognise Russian control over Crimea.

Peace deadline

Despite Trump’s previous reluctance to criticise Putin, the attack shifted his stance. He has signaled a deadline for both Russia and Ukraine to reach a peace deal while the U.S. contemplates the extent of its involvement in negotiations.

Ukraine seeks an unconditional cease-fire, but Russia’s conditions remain unacceptable to Kyiv. A recent U.S. proposal would allow Russia to retain substantial territory and would limit Ukraine’s NATO aspirations.

Zelensky accused Russian forces of terrorism, attacking civilian areas and inciting widespread destruction, while Trump acknowledged the challenges of restoring Crimea to Ukraine.

The situation continues to escalate, with ongoing strikes on civilian infrastructure, drawing international attention and condemnation. As rescue workers clear debris from the latest attack, uncertainties remain about the future of peace talks and the safety of Ukrainian citizens.

Continue Reading

News

Trump targets migrant gangs with deportation crackdown

Trump advocates for strong immigration enforcement to restore law and order, warns against court-blocked deportations, and labels gangs as terrorist organizations.

Published

on

Trump advocates for strong immigration enforcement to restore law and order, warns against court-blocked deportations, and labels gangs as terrorist organizations.


Former President Donald Trump says his administration is committed to restoring law and order through aggressive immigration enforcement.

He warns that dangerous consequences could unfold if courts block mass deportations.

Trump has labelled several gangs, including Tren de Aragua, as foreign terrorist organisations, and is pushing for faster judicial cooperation.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

Continue Reading

Trending Now