News

Pentagon rejects F-35 deliveries after finding Chinese alloys inside

Published

2 years ago

September 8, 2022

ticker NEWS

The U.S. has stopped accepting F-35 fighter jets after finding a magnet made of unauthorised Chinese material

The Pentagon is stopping the delivery of the F-35 fighter jets after finding the materials inside one of the jet’s magnets were made in China.

The F-35’s manufacturer, Lockheed Martin raised the alarm about one component inside the engine, which offers power to the jet’s engine-mounted generator.

The Chinese-made part goes against U.S. defence protocols.

While the alloy used in the integrated power package doesn’t pose a security threat, the U.S. has already found a new source of materials.

The F-35 is one of the most advanced jets on the planet, and the U.S. has hundreds of these across its Air Force, Navy and Marine Corps.

An investigation is underway into the matter.

Money

ASX positioned for strong start after positive stock rebound

Published

10 hours ago

September 10, 2024

ticker NEWS

The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

News

Apple’s iPhone 16 event puts AI back into the spotlight

Published

11 hours ago

September 10, 2024

ticker NEWS

Apple has unveiled its long-awaited artificial intelligence-boosted iPhone 16 and promised improvements in its Siri personal assistant.

Apple CEO Tim Cook emphasised the company’s commitment to innovation, aiming to redefine the future of consumer technology with seamless AI integration. #featured #trending #hotshots #hot shots

Leaders

Philadelphia prepares for the first debate between Harris & Trump

Published

11 hours ago

September 10, 2024

ticker NEWS

Philadelphia is bracing for a pivotal political showdown as it prepares to host the highly anticipated debate between Vice President Kamala Harris and former President Donald Trump.

The debate is seen as a critical moment in shaping public opinion ahead of the upcoming elections, drawing intense media coverage and public interest. #featured #trending