Category: Business
BAE to Explore Heavy-Lift Civilian Hybrid Airship for Military Role
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,” according to Hybrid. It complements “today’s networks of air, space, and surface systems.” Heavy-Lift, High-Endurance Aircraft The Airlander 10 can stay airborne for up to…
Ramifications under trade credit & political risk insurance policies for insured’s decision to voluntarily cease business operations within a country
The ongoing imposition of sanctions against Russia arising from the attack upon Ukraine creates a number of significant issues for insurers which have written trade credit and/or political risk insurance policies. Even where sanctions have not forbidden companies’ business in Russia, many companies have voluntarily chosen to withdraw from the Russian market, in whole or in part. Companies which have voluntarily decided to withdraw from Russia are finding that their Russian counterparties are deeming the voluntary withdrawal to be…
Group Home Owners Sentenced in $1 Million Medicare Fraud Scheme
Guardsman accused in Pentagon intel leak due in federal court
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 bars since his April arrest on charges stemming from the most consequential intelligence leak in years. He was indicted by a grand jury last week. Teixeira is…
Iranian Intelligence Officials Indicted on Kidnapping Conspiracy Charges
US sanctions 5 Turkish firms in broad Russia action on over 150 targets
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 ministry and helping the transfer of “dual-use goods.” It is part of a bigger package of measures hitting Russia with sanctions on more than 150…
Is US Heading for New Crisis 15 Years After the 2008 Credit Crunch?
The US could be heading for economic turmoil again 15 years after the 2008 financial crisis rocked the country, three experts have said. Global finance giant Lehman Brothers filed for bankruptcy on September 15, 2008, more than 150 years after its founding. It was the first major US victim of the sub-prime mortgage collapse. The first warning of the Credit Crunch came a year earlier, with the run small regional British mortgage lender Northern Rock after it asked the Bank…
