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Russia is set to purchase millions of rockets from North Korea

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The Kremlin is set to purchase millions of rockets and artillery shells from North Korea, as the war in Ukraine continues

Experts suggest the deal is a clear indication of how much Russia is suffering from supply shortages, due to both export controls and sanctions.

The U.S. warns the deal will likely be the first of many between North Korea and Russia, with relations between the two nations dating back to the Korean War in the 1950s.

Of course, North Korea has long blamed the West for the current conflict in Ukraine, siding with Moscow.

Meanwhile, as Putin pushes his armed forces to hamper the Ukrainian military’s use of Western-supplied long-range weapons, the U.S. believes the Russian leader has purchased drones from Iran.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Intel and AMD Join Forces to Shape the Future of x86 Chips

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In a groundbreaking development, Intel and AMD—two of the biggest names in the tech industry—are teaming up to shape the future of x86 chip technology.

 

The tech giants have established a joint advisory group to influence the design of chips that power a wide range of devices, from personal computers to large-scale servers. This collaboration marks a significant shift in the industry, as Intel and AMD, traditionally fierce rivals, work together to set new standards for chip innovation.

The aim of this partnership is clear: to stay ahead of rapid changes in the tech world and drive the future of computing. Industry experts predict that this joint effort could lead to significant advancements, with the potential to reshape the landscape of processor technology. The implications for everything from computing performance to energy efficiency could be vast.

 

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How the U.S. THAAD missile deployment to Israel will change Middle East security

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Pentagon sends THAAD system and 100 U.S. troops amid growing regional tensions

The United States has announced the deployment of its advanced THAAD missile defense system to Israel, along with 100 U.S. troops to operate it. This move is seen as a significant step in strengthening Israel’s defense capabilities amid rising security concerns in the Middle East.

The Pentagon confirmed that the Terminal High Altitude Area Defense (THAAD) system is fully operational in Israel, enhancing the nation’s ability to intercept and neutralise incoming missile threats.

This deployment comes at a time when regional conflicts and tensions, particularly involving Iran, are intensifying.

How it’s designed

The THAAD system is designed to complement Israel’s existing missile defense systems, such as the Iron Dome, by providing an additional layer of protection against long-range missile threats.

The U.S. has a long-standing defense relationship with Israel, and this latest move signals deeper military cooperation between the two nations.

With this deployment, the U.S. sends a strong message to regional actors, particularly Iran, about its commitment to defending Israel and maintaining security in the Middle East. The strategic implications for neighbouring countries are also noteworthy, as the increased U.S. military presence could impact ongoing diplomatic efforts in the region.

As tensions rise and the deployment of THAAD unfolds, questions remain about the potential challenges and risks this advanced defense system might pose.

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Money

Boeing’s financial turbulence leads to bold cash-raising moves

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Company eyes new credit and shares to survive as strikes and delays weigh the company down

Boeing is taking drastic steps to secure its future, seeking to raise at least $10 billion by selling new shares and securing a fresh credit line.

The iconic manufacturer has been struggling this year with major setbacks, including a 737 MAX mishap in January and a machinist strike that halted production.

In filings made Tuesday, Boeing revealed plans to issue up to $25 billion in shares or debt over the next three years while locking in a $10 billion credit deal.

Sources say the company will aim to raise around $10 billion from its upcoming stock offering.

Boeing called the moves “prudent steps” to ensure access to liquidity as it faces growing financial challenges.

Its stock, which began the year at $250, rose 2% to about $152 after the announcement, as analysts expressed relief over Boeing’s efforts to stabilize its cash flow.

The machinist strike, which started last month, has intensified the company’s cash problems, with Boeing burning through $1 billion per month before the walkout.

Boeing hasn’t posted a profit since 2018, and the coming months will be critical as it battles to recover.

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