News

U.S. and Russia in race to find drone remnants

Published

2 years ago

March 16, 2023

ticker NEWS

The drone fell into the Black Sea after a Russian fighter jet clipped its propeller

Russia says it will try to retrieve the remnants of the U.S. drone that crashed into the Black Sea.

The MQ-9 Reaper drone plunged into the water after a Russian jet clipped its propeller.

Moscow is continuing to deny these claims.

Russia’s security council secretary confirmed the nation is now attempting to find the aircraft.

He also says the drone’s presence in the Black Sea is “confirmation” the U.S. is supporting Ukraine in the war.

In Washington, John Kirby says the U.S. is also searching for the aircraft, but stressed if Russia beats them to it, “their ability to exploit useful intelligence will be highly minimised”.

“We took steps to protect information and any efforts to exploit the drone,” Kirby added.

U.S. military officials believe the incident happened on Tuesday morning and the confrontation lasted around 30 to 40 minutes.

Russia reportedly dumped fuel on the drone several times before the collision.

When it comes to retaliation, General Mark Milley says, clearly, the U.S. “does not seek armed conflict with Russia.”

“We should continue to investigate the incident and move on from there,” Milley outlined.

When it comes to future operations, Defence Secretary Lloyd Austin says Washington will continue to fly its aircraft where international law allows.

“The United States will continue to fly and operate wherever international law allows,” Austin pointed out.

“It is incumbent upon Russia to operate in a safe and professional manner.”

News

Trump lands in Saudi Arabia for major deals

Trump arrives in Saudi Arabia, launching a four-day Middle East tour focused on economic deals, welcomed by Crown Prince Mohammed bin Salman.

Published

15 hours ago

May 14, 2025

ticker NEWS

Trump arrives in Saudi Arabia, launching a four-day Middle East tour focused on economic deals, welcomed by Crown Prince Mohammed bin Salman.

President Trump has officially landed in Saudi Arabia, kicking off a high-stakes four-day tour across the Middle East aimed at major economic wins.

Welcomed personally by Crown Prince Mohammed bin Salman, Trump’s arrival signals the start of key discussions with leaders from Saudi Arabia, Qatar, and the UAE.

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News

S&P 500 rebounds as Nvidia boosts tech shares

S&P 500 rebounds as Nvidia boosts tech shares amid easing U.S.-China trade tensions and softer inflation data.

Published

19 hours ago

May 14, 2025

Ahron Young

S&P 500 rebounds as Nvidia boosts tech shares amid easing U.S.-China trade tensions and softer inflation data.

In Short:
The S&P 500 rose 1% on Tuesday, buoyed by improving U.S.-China trade relations and strong performances from companies like Nvidia. Despite some concerns about high valuations, analysts showed cautious optimism for continued market growth due to positive economic data and government investments.

The S&P 500 rose on Tuesday, returning to positive territory for the year as easing U.S.-China trade tensions boosted investor confidence.

The index gained 1%, with the Nasdaq Composite increasing 1.8%. The Dow Jones Industrial Average fell by 166 points, or 0.3%, due to an 18% drop in UnitedHealth shares.

Nvidia’s stock led the market, advancing 6% after announcing the shipment of 18,000 artificial intelligence chips to Saudi Arabia. This news positively impacted peer companies such as Broadcom and AMD, which increased by around 4%.

Following this rally, the S&P 500 is now up 0.2% for 2025, after previously being down over 17% due to trade uncertainties. The market responded positively to news of a 90-day tariff pause between the U.S. and China, which contributed to a significant surge in stock prices.

Market analysts noted that improved sentiment stems from several factors, including the chip deal, easing inflation pressures, and anticipated tax cuts. The White House also announced a $600 billion investment in the U.S. economy.

In addition to the trade news, softer-than-expected inflation data in April, which reported a 2.3% increase in the consumer price index, further energised the market. Economists had predicted a 2.4% rate.

Investment experts express cautious optimism, acknowledging ongoing concerns surrounding high valuations and market concentration, but suggest that current data may lead to continued market growth in the short term.

News

Trump may accept Qatari jet as the new Air Force One

Trump administration considers Qatari royal jet as potential temporary Air Force One, raising diplomatic and ethical concerns.

Published

2 days ago

May 13, 2025

ticker NEWS

Trump administration considers Qatari royal jet as potential temporary Air Force One, raising diplomatic and ethical concerns.

The Trump administration is reportedly in talks with Qatar to use a royal aircraft as a potential temporary Air Force One.

The jet — owned by the Qatari royal family — would be retrofitted for presidential use and could be offered as a gift during Trump’s term, with the possibility of it being used again as part of his future presidential library.

While no final decision has been made, the deal raises logistical, diplomatic, and ethical questions around foreign gifts, presidential travel, and how Trump may symbolically separate himself from traditional norms.

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