Category: Business & Economy

This China trade war isn’t about semiconductors: Straits Times

Posted on By 5amResearch No Comments on This China trade war isn’t about semiconductors: Straits Times

  BEIJING – In the gloom of China’s economy, one area of business is booming: cosmetics. After enduring nearly three years of mandatory masks and frequent lockdowns during the Covid-19 pandemic, many Chinese consumers, wary of big-ticket purchases like apartments, are now splurging on lipstick, perfume, moisturisers and other personal care products. But cosmetics companies…

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Australia Signs $210 Million Underwater Tracking Contract

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  Australia has awarded US defense contractor L3Harris a $210-million contract to develop an underwater tracking capability that relays data on the location and movement of assets operating within the tracking field. The Maritime Underwater Tracking Ranges (MUTR) kicks off Australia’s SEA1350 MUTR Phase 3 Program, which will provide subsurface support for the Royal Australian…

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Austria to buy four Embraer C-390 cargo planes for over $500 million

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  GRAZ, Austria — The Austrian Air Force will buy four Embraer C-390 “Millennium” aircraft to replace its aging fleet of three C-130 “Hercules” cargo planes in a deal that is expected to be worth more than half a billion Euros ($532 million), the defense ministry announced on Wednesday. Austria’s current fleet of turboprop transporters…

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Leidos Secures $7.9B IT Hardware Contract With US Army

Posted on By 5amResearch No Comments on Leidos Secures $7.9B IT Hardware Contract With US Army

Leidos has received a Common Hardware Systems 6th Generation contract to deliver tactical information technology (IT) hardware solutions for the US Army. The services and equipment will support the existing unified network for the Joint All Domain Command and Control (JADC2), a US defense strategy to enhance information and decision cycles across commanders to gain…

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BAE to Explore Heavy-Lift Civilian Hybrid Airship for Military Role

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BAE Systems and Hybrid Air Vehicles have agreed to jointly explore a long-range hybrid airship system for security and defense applications. Hybrid’s Airlander 10 will be trialed for new ways of communication and intelligence gathering, according to BAE. It is an “alternative sustainable and cost-effective solution to air logistics and intelligence surveillance and reconnaissance capabilities,”…

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Guardsman accused in Pentagon intel leak due in federal court

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The Massachusetts Air National Guard member accused of leaking highly classified military documents is due back in court on Wednesday after being indicted on federal felony charges. Jack Teixeira is scheduled to be arraigned in the Worcester federal court on six counts of willful retention and transmission of national defense information. Teixeira, of North Dighton, has been behind…

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US sanctions 5 Turkish firms in broad Russia action on over 150 targets

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WASHINGTON, Sept 14 (Reuters) – The Biden administration on Thursday imposed sanctions on five Turkish companies and a Turkish national, accusing them of helping Russia evade sanctions and supporting Moscow in its war against Ukraine. The designations, first reported by Reuters, target shipping and trade companies accused of helping repair sanctioned vessels tied to Russia’s defense…

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Ukrainian Air Force confirms pilots will begin F-16 training at US air base in September

Posted on By CorruptionLedger No Comments on Ukrainian Air Force confirms pilots will begin F-16 training at US air base in September

Experienced pilots from Ukraine will learn to pilot F-16s in the United States and Denmark, while young pilots will learn in the United Kingdom, Yuriy Ihnat, spokesman for the Ukrainian Air Force, told NV in an interview on Sept. 15. In September, the “language” training of Ukrainian pilots and technicians will begin at an air…

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BAE Systems Hägglunds purchases Iron Fist from Israeli firm for $109 million

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JERUSALEM — Elbit Systems will supply the Swedish BAE Systems Hägglunds with its Iron Fist Active Protection System for CV90s in a deal worth $109 million, the Israeli firm announced Tuesday. Elbit noted the systems are intended for a European country, but declined to identify it. Based on previous publications by BAE, it is likely…

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FCA investigates: Banks closing bank accounts based on customer political views and ideologies

Posted on By CorruptionLedger No Comments on FCA investigates: Banks closing bank accounts based on customer political views and ideologies

Following concerns raised by the government of the United Kingdom (“UK”) about freedom of expression and the provision of banking services, the UK’s financial watch dog, the Financial Conduct Authority (“FCA”), recently commenced an investigation into bank account closures.  This action follows in the wake of recent reports of banks allegedly closing customer accounts based…… Continue Reading
The post FCA Investigates Bank Account Closures, Including for PEP Customers appeared first on Global Investigations & Compliance Review.

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