7 hours ago
By Noel Randewich
Sept 11 (Reuters) - Wall Street ended higher on Friday as oil prices retreated and strong consumer price data reinforced expectations the Federal Reserve will raise interest rates next week to fight inflation.
AI server maker Dell soared 12% to a record high. Hewlett Packard Enterprise jumped 12% and HP gained 8.4% after Oracle's quarterly results topped estimates. Oracle dipped 1.8%.
U.S. consumer prices accelerated last month as the cost of gasoline rebounded after two straight monthly declines, adding pressure on the Fed to tighten monetary policy to fight inflation.
Interest rate futures now reflect a nearly 90% probability that the central bank will raise rates at its policy meeting on Wednesday, according to the CME FedWatch tool. That is up from a 72% likelihood on Thursday.
#raise #rates
Sept 11 (Reuters) - Wall Street ended higher on Friday as oil prices retreated and strong consumer price data reinforced expectations the Federal Reserve will raise interest rates next week to fight inflation.
AI server maker Dell soared 12% to a record high. Hewlett Packard Enterprise jumped 12% and HP gained 8.4% after Oracle's quarterly results topped estimates. Oracle dipped 1.8%.
U.S. consumer prices accelerated last month as the cost of gasoline rebounded after two straight monthly declines, adding pressure on the Fed to tighten monetary policy to fight inflation.
Interest rate futures now reflect a nearly 90% probability that the central bank will raise rates at its policy meeting on Wednesday, according to the CME FedWatch tool. That is up from a 72% likelihood on Thursday.
#raise #rates
8 hours ago
LONDON, Sept 11 (Reuters) - Intelligence services must not dwell too much on past threats but accept that a new strategic shock along the lines of the 9/11 attacks could already be in preparation where they are not looking, the head of Britain's MI5 spy agency said.
In an opinion piece published on Friday to mark 25 years since al Qaeda militants crashed hijacked passenger jets into the World Trade Center in New York and the Pentagon, MI5's Director General Ken McCallum said security agencies had to be ready to adapt to current and future challenges.
"We know that the next strategic shock will, by definition, not resemble the last one. That is perhaps the most important lesson of all," McCallum wrote in the commentary for the Independent newspaper.
"We must of course always learn from the last attack – but must beware of preparing brilliantly to fight yesterday's enemy, using yesterday's methods, against yesterday's target ... The uncomfortable truth is that the next strategic shock may already be taking shape somewhere we are not yet looking."
Al Qaeda, though diminished, remains a threat, as does the aspiration of that group and other militants for mass casualty attacks, McCallum said.
#next
In an opinion piece published on Friday to mark 25 years since al Qaeda militants crashed hijacked passenger jets into the World Trade Center in New York and the Pentagon, MI5's Director General Ken McCallum said security agencies had to be ready to adapt to current and future challenges.
"We know that the next strategic shock will, by definition, not resemble the last one. That is perhaps the most important lesson of all," McCallum wrote in the commentary for the Independent newspaper.
"We must of course always learn from the last attack – but must beware of preparing brilliantly to fight yesterday's enemy, using yesterday's methods, against yesterday's target ... The uncomfortable truth is that the next strategic shock may already be taking shape somewhere we are not yet looking."
Al Qaeda, though diminished, remains a threat, as does the aspiration of that group and other militants for mass casualty attacks, McCallum said.
#next
10 hours ago
By Lucia Mutikani
WASHINGTON, Sept 11 (Reuters) - U.S. consumer prices accelerated in August, while a key measure of underlying inflation posted its largest increase in four months, reinforcing expectations that the Federal Reserve will raise interest rates next week.
The Labor Department's Consumer Price Index report on Friday followed strong readings in several components of the Producer Price Index released on Thursday that feed into the Personal Consumption Expenditures price indexes, the inflation measures the U.S. central bank tracks for its 2% target. The two reports led economists to think that PCE inflation excluding the volatile food and energy categories picked up in August.
Financial markets initially priced in a 91% chance of a quarter-point rate hike at the Fed's meeting on Tuesday and Wednesday, before settling back to 87%, CME's FedWatch tool showed. That was up from 72% on Thursday. The Fed's benchmark overnight interest rate is currently in a 3.50%-3.75% range.
Most economists said the firmer inflation readings, combined with signs of the labor market regaining its footing in August, would compel Fed officials to raise borrowing costs not only next Wednesday, but possibly again in October or December.
#Consumer
WASHINGTON, Sept 11 (Reuters) - U.S. consumer prices accelerated in August, while a key measure of underlying inflation posted its largest increase in four months, reinforcing expectations that the Federal Reserve will raise interest rates next week.
The Labor Department's Consumer Price Index report on Friday followed strong readings in several components of the Producer Price Index released on Thursday that feed into the Personal Consumption Expenditures price indexes, the inflation measures the U.S. central bank tracks for its 2% target. The two reports led economists to think that PCE inflation excluding the volatile food and energy categories picked up in August.
Financial markets initially priced in a 91% chance of a quarter-point rate hike at the Fed's meeting on Tuesday and Wednesday, before settling back to 87%, CME's FedWatch tool showed. That was up from 72% on Thursday. The Fed's benchmark overnight interest rate is currently in a 3.50%-3.75% range.
Most economists said the firmer inflation readings, combined with signs of the labor market regaining its footing in August, would compel Fed officials to raise borrowing costs not only next Wednesday, but possibly again in October or December.
#Consumer
13 hours ago
SOFIA, Sept 12 (Reuters) - Bulgaria is investigating the cause of a fire at a weapons storage facility operated by EMCO, including the possibility of sabotage and a link to a previous blaze at another of the company's facilities in August, the interior minister said.
No injuries were reported in the fire, which broke out near the village of Tsareva Livada and lit up the night sky, according to videos broadcast locally. The incident came weeks after an explosion and fire at another EMCO weapons depot in western Bulgaria.
Interior Minister Ivan Demerdzhiev told journalists on Saturday that the fire was under control and that an investigation was underway.
"We will review previous cases in which similar fires occurred in the warehouses of this company, as well as at other companies, in order to look for a possible connection or a similar pattern," he said.
"We are not ruling out outside interference."
#previous
No injuries were reported in the fire, which broke out near the village of Tsareva Livada and lit up the night sky, according to videos broadcast locally. The incident came weeks after an explosion and fire at another EMCO weapons depot in western Bulgaria.
Interior Minister Ivan Demerdzhiev told journalists on Saturday that the fire was under control and that an investigation was underway.
"We will review previous cases in which similar fires occurred in the warehouses of this company, as well as at other companies, in order to look for a possible connection or a similar pattern," he said.
"We are not ruling out outside interference."
#previous
14 hours ago
By Sarita Chaganti Singh
NEW DELHI, Sept 12 (Reuters) - The BRICS group of nations unanimously adopted a joint declaration on Saturday, expressing "deep concern" over the war in the Middle East and urged maximum restraint, advocating for a "multilateral approach" that respects national viewpoints.
The declaration, adopted on the first day of the BRICS leaders' annual summit in New Delhi, comes at a time when U.S. and Iran have resumed ****** -for-tat strikes against each other, after a pause in fighting for much of August.
The BRICS bloc includes both Iran and Washington-ally United Arab Emirates, which was expected to make clinching a joint statement consensus a particularly challenging task for host New Delhi.
"We express deep concern over the continued escalation of tensions in Middle East...call for exercising maximum restraint...avoiding actions that could further aggravate the situation," the 'New Delhi Declaration' said.
#declaration
NEW DELHI, Sept 12 (Reuters) - The BRICS group of nations unanimously adopted a joint declaration on Saturday, expressing "deep concern" over the war in the Middle East and urged maximum restraint, advocating for a "multilateral approach" that respects national viewpoints.
The declaration, adopted on the first day of the BRICS leaders' annual summit in New Delhi, comes at a time when U.S. and Iran have resumed ****** -for-tat strikes against each other, after a pause in fighting for much of August.
The BRICS bloc includes both Iran and Washington-ally United Arab Emirates, which was expected to make clinching a joint statement consensus a particularly challenging task for host New Delhi.
"We express deep concern over the continued escalation of tensions in Middle East...call for exercising maximum restraint...avoiding actions that could further aggravate the situation," the 'New Delhi Declaration' said.
#declaration
20 hours ago
WASHINGTON, Sept 9 (Reuters) - Three U.S. lawmakers have called on the American government to blacklist a set of Indian IT firms over what they describe as "more than fifteen years of targeted espionage against U.S. citizens, businesses, and the lawyers representing them."
In a letter issued Wednesday, Democratic Senators Ron Wyden and Sheldon Whitehouse, along with Republican Representative Pat Harrigan, asked the Commerce Department to add BellTroX, CyberRoot, and Sunkissed Organic Farms Pvt. Ltd. (formerly known as "Appin Technology Pvt. Ltd.") and its subsidiaries, to the Commerce Department's Entity List. Such a designation would cut them off from U.S. software, cloud infrastructure, and cybersecurity tools.
Sunkissed representatives, CyberRoot and the Commerce Department did not respond to requests for comment. BellTroX could not be reached for comment.
All three companies have been described in media coverage and in reports published by major tech firms as being fronts for hack-for-hire activities.
In 2022, Reuters named CyberRoot and BellTroX as key players in the cybermercenary industry, saying they were frequently tapped by Western lawyers and private investigators to spy on one another during legal and business disputes. A 2023 Reuters report identified Appin as a pioneer in the field, saying the company grew from an educational startup to a hack-for-hire powerhouse that stole secrets from executives, politicians, military officials and wealthy elites around the globe.
#three
In a letter issued Wednesday, Democratic Senators Ron Wyden and Sheldon Whitehouse, along with Republican Representative Pat Harrigan, asked the Commerce Department to add BellTroX, CyberRoot, and Sunkissed Organic Farms Pvt. Ltd. (formerly known as "Appin Technology Pvt. Ltd.") and its subsidiaries, to the Commerce Department's Entity List. Such a designation would cut them off from U.S. software, cloud infrastructure, and cybersecurity tools.
Sunkissed representatives, CyberRoot and the Commerce Department did not respond to requests for comment. BellTroX could not be reached for comment.
All three companies have been described in media coverage and in reports published by major tech firms as being fronts for hack-for-hire activities.
In 2022, Reuters named CyberRoot and BellTroX as key players in the cybermercenary industry, saying they were frequently tapped by Western lawyers and private investigators to spy on one another during legal and business disputes. A 2023 Reuters report identified Appin as a pioneer in the field, saying the company grew from an educational startup to a hack-for-hire powerhouse that stole secrets from executives, politicians, military officials and wealthy elites around the globe.
#three
1 day ago
Soybeans were in rally mode on Thursday, with contracts 13 to 22 cents higher across most contracts. The cmdtyView national average Cash Bean price was up 22 1/2 cents at $12.74 ½. Soymeal futures saw gains of $2.30 to $5.50, as Soy Oil rallied 102 to 135 points.
USDA reported private export sale announcements of 272,000 MT of soybeans to China for 2026/27 and 206,500 MT of 2026/27 beans to unknown destinations this morning. Weekly Export Sales data will be out on Friday morning, with ****** ysts surveyed by Reuters looking for no sales to net cancellations of 500,000 MT for 2025/26 soybeans. New crop sales are seen in a range of 1 to 2.6 MMT in the week of September 3. Soybean meal sales are expected to be in a range of 150,000 to 950,000 MT, with 0 to 12,000 MT
Arabica Coffee Falls Sharply on ICO Projections for Record Coffee Production
Sugar Prices Climb as Crude Oil Soars
Can Soybeans Remain in the Teens?
#export #cash
USDA reported private export sale announcements of 272,000 MT of soybeans to China for 2026/27 and 206,500 MT of 2026/27 beans to unknown destinations this morning. Weekly Export Sales data will be out on Friday morning, with ****** ysts surveyed by Reuters looking for no sales to net cancellations of 500,000 MT for 2025/26 soybeans. New crop sales are seen in a range of 1 to 2.6 MMT in the week of September 3. Soybean meal sales are expected to be in a range of 150,000 to 950,000 MT, with 0 to 12,000 MT
Arabica Coffee Falls Sharply on ICO Projections for Record Coffee Production
Sugar Prices Climb as Crude Oil Soars
Can Soybeans Remain in the Teens?
#export #cash
1 day ago
By Susan Heavey
WASHINGTON, Sept 10 (Reuters) - The Trump administration has proposed eliminating a 60-day grace period that allows certain immigrants, including skilled workers on H-1B visas, to stay in the United States and find a new sponsor after losing their job, according to a government notice posted online on Thursday.
Under the planned rule change, published in the Federal Register by the U.S. Department of Homeland Security, those with H-1B and certain other temporary work visas would have to leave the country as soon as their employment ends — a potential blow to top American tech companies that rely heavily on foreign workers.
It is the latest step by U.S. President Donald Trump to limit legal immigration since returning to office in January 2025. His administration has also introduced higher visa fees for skilled workers and recently paused immigrant visa appointments at U.S. missions globally while it implements a new training program.
Companies affected by the change could see some disruption, DHS wrote in its proposal, but it said the jobs could go to American workers instead. In some situations, immigrant workers who leave could potentially reapply if their employer petitions for them, it added.
#Companies #administration #skilled #visas
WASHINGTON, Sept 10 (Reuters) - The Trump administration has proposed eliminating a 60-day grace period that allows certain immigrants, including skilled workers on H-1B visas, to stay in the United States and find a new sponsor after losing their job, according to a government notice posted online on Thursday.
Under the planned rule change, published in the Federal Register by the U.S. Department of Homeland Security, those with H-1B and certain other temporary work visas would have to leave the country as soon as their employment ends — a potential blow to top American tech companies that rely heavily on foreign workers.
It is the latest step by U.S. President Donald Trump to limit legal immigration since returning to office in January 2025. His administration has also introduced higher visa fees for skilled workers and recently paused immigrant visa appointments at U.S. missions globally while it implements a new training program.
Companies affected by the change could see some disruption, DHS wrote in its proposal, but it said the jobs could go to American workers instead. In some situations, immigrant workers who leave could potentially reapply if their employer petitions for them, it added.
#Companies #administration #skilled #visas
1 day ago
Conagra Brands, Inc. (NYSE:CAG) faces a governance test alongside its turnaround. Reuters reported on September 7 that Institutional Shareholder Services, or ISS, recommended opposing executive compensation, citing weak financial performance and inadequately explained incentive targets.
The September 23 non-binding advisory vote covers fiscal 2026 named-executive compensation. It does not separately approve new CEO John Brase's package. Brase succeeded Sean Connolly on June 1, after fiscal 2026 ended, separating his compensation arrangements from the prior year's pay decisions.
The proxy lists Brase's annual base salary at $1.15 million, his annual incentive target at 150% of eligible salary, and annual long-term incentives of $7.3 million, split 60% into performance shares and 40% into restricted stock units. Incentive opportunities are not guaranteed realized pay.
Conagra Brands, Inc. (NYSE:CAG) needs executives willing to work through changes whose benefits may take several years to appear. Brase's priorities include restoring margins, investing in brands and the supply chain, simplifying operations, and rebalancing capital allocation.
A mix of performance awards and service-based equity can support that effort. Performance shares link rewards to results, while restricted units help retain leaders through disruption. Retention has value if it allows management to complete difficult changes instead of optimizing the next quarterly result.
#performance
The September 23 non-binding advisory vote covers fiscal 2026 named-executive compensation. It does not separately approve new CEO John Brase's package. Brase succeeded Sean Connolly on June 1, after fiscal 2026 ended, separating his compensation arrangements from the prior year's pay decisions.
The proxy lists Brase's annual base salary at $1.15 million, his annual incentive target at 150% of eligible salary, and annual long-term incentives of $7.3 million, split 60% into performance shares and 40% into restricted stock units. Incentive opportunities are not guaranteed realized pay.
Conagra Brands, Inc. (NYSE:CAG) needs executives willing to work through changes whose benefits may take several years to appear. Brase's priorities include restoring margins, investing in brands and the supply chain, simplifying operations, and rebalancing capital allocation.
A mix of performance awards and service-based equity can support that effort. Performance shares link rewards to results, while restricted units help retain leaders through disruption. Retention has value if it allows management to complete difficult changes instead of optimizing the next quarterly result.
#performance
1 day ago
Deutsche Bank Aktiengesellschaft (NYSE:DB) said on September 7 that it had settled a Frankfurt lawsuit brought by former banker Dario Schiraldi, according to Reuters. He had sought €152 million in damages, but the settlement amount was not disclosed. The bank said the agreement would have only a small financial effect on third-quarter earnings.
The distinction matters: €152 million was the claim, while the payment remains confidential. The earnings impact also does not establish the cash cost, because a settlement payment may discharge a liability for which an expense was recognized earlier.
Four former employees continue to pursue claims exceeding £600 million in London. The Frankfurt agreement therefore reduces the number of unresolved cases without establishing the cost of resolving the wider dispute.
Deutsche Bank Aktiengesellschaft (NYSE:DB) has removed one source of litigation uncertainty. The Frankfurt court confirmed that Schiraldi withdrew his case ahead of the scheduled hearing. Investors now have management's ***** sment of a limited near-term earnings effect instead of an unresolved damages demand.
The agreement also shows that negotiated resolutions are possible. It was the second settlement involving the six former employees who brought related claims. Further agreements could reduce litigation costs and management distraction if acceptable terms can be reached.
#million
The distinction matters: €152 million was the claim, while the payment remains confidential. The earnings impact also does not establish the cash cost, because a settlement payment may discharge a liability for which an expense was recognized earlier.
Four former employees continue to pursue claims exceeding £600 million in London. The Frankfurt agreement therefore reduces the number of unresolved cases without establishing the cost of resolving the wider dispute.
Deutsche Bank Aktiengesellschaft (NYSE:DB) has removed one source of litigation uncertainty. The Frankfurt court confirmed that Schiraldi withdrew his case ahead of the scheduled hearing. Investors now have management's ***** sment of a limited near-term earnings effect instead of an unresolved damages demand.
The agreement also shows that negotiated resolutions are possible. It was the second settlement involving the six former employees who brought related claims. Further agreements could reduce litigation costs and management distraction if acceptable terms can be reached.
#million
1 day ago
Pampa Energía S.A. (NYSE:PAM) is seeking investors for a potential data center near its Loma de la Lata power plant in Patagonia. Investors favor a 20-to-40-MW pilot, with potential electricity demand reaching up to 500 MW after expansion. Electrical infrastructure for the full concept could cost almost $900 million, according to a September 7 Reuters report.
The Reuters report did not identify an anchor customer, committed financing, or a final investment decision. The electrical estimate does not establish the total development budget or the amount Pampa Energía S.A. (NYSE:PAM) would invest. Those distinctions matter when ****** sing the potential shareholder return.
Pampa Energía S.A. (NYSE:PAM) could turn proximity to generation and gas resources into a commercial advantage. Locating computing demand beside an energy complex offers a starting point for coordinating fuel supply, power delivery, and future expansion.
The attraction for shareholders would be dependable electricity sales under contracts that compensate Pampa Energía S.A. (NYSE:PAM) for the infrastructure and operating risks it ****** umes. A customer with strong credit and a long-term commitment could improve revenue visibility and support financing.
Pampa Energía S.A. (NYSE:PAM) is quoting energy prices to interested parties and aims to reach initial agreements by the end of 2026, according to Reuters. That provides a near-term commercial milestone.
#Potential #electrical #power
The Reuters report did not identify an anchor customer, committed financing, or a final investment decision. The electrical estimate does not establish the total development budget or the amount Pampa Energía S.A. (NYSE:PAM) would invest. Those distinctions matter when ****** sing the potential shareholder return.
Pampa Energía S.A. (NYSE:PAM) could turn proximity to generation and gas resources into a commercial advantage. Locating computing demand beside an energy complex offers a starting point for coordinating fuel supply, power delivery, and future expansion.
The attraction for shareholders would be dependable electricity sales under contracts that compensate Pampa Energía S.A. (NYSE:PAM) for the infrastructure and operating risks it ****** umes. A customer with strong credit and a long-term commitment could improve revenue visibility and support financing.
Pampa Energía S.A. (NYSE:PAM) is quoting energy prices to interested parties and aims to reach initial agreements by the end of 2026, according to Reuters. That provides a near-term commercial milestone.
#Potential #electrical #power
1 day ago
By Nate Raymond
BOSTON, Sept 11 (Reuters) - A federal judge on Friday blocked U.S. President Donald Trump's administration from continuing to ask applicants for civil service jobs throughout the government to respond to what unions described as a partisan "loyalty question."
U.S. District Judge George O'Toole in Boston sided with three unions representing government workers who sued last year after the administration began asking applicants for nonpartisan federal jobs to write essays explaining how they would help advance Trump's policies and executive orders.
The unions, including the American Federation of Government Employees, argued the question mandated by the Office of Personnel Management (OPM) unlawfully politicized the hiring process for career government workers by attempting to **** s their support for the Republican president.
O'Toole, an appointee of Democratic President Bill Clinton, said the question had been asked of applicants to positions ranging from an air traffic control specialist to a crane operator to a nuclear materials courier.
#applicants #unions #question #boston
BOSTON, Sept 11 (Reuters) - A federal judge on Friday blocked U.S. President Donald Trump's administration from continuing to ask applicants for civil service jobs throughout the government to respond to what unions described as a partisan "loyalty question."
U.S. District Judge George O'Toole in Boston sided with three unions representing government workers who sued last year after the administration began asking applicants for nonpartisan federal jobs to write essays explaining how they would help advance Trump's policies and executive orders.
The unions, including the American Federation of Government Employees, argued the question mandated by the Office of Personnel Management (OPM) unlawfully politicized the hiring process for career government workers by attempting to **** s their support for the Republican president.
O'Toole, an appointee of Democratic President Bill Clinton, said the question had been asked of applicants to positions ranging from an air traffic control specialist to a crane operator to a nuclear materials courier.
#applicants #unions #question #boston
1 day ago
WASHINGTON, Sept 11 (Reuters) - The contractor responsible for renovating the Lincoln Memorial Reflecting Pool in Washington told U.S. President Donald Trump's administration that errors in its work and flaws in the repair plan caused the pool's liner to peel and break loose, the New York Times reported on Friday, citing documents it reviewed.
Trump has repeatedly blamed problems with the newly renovated pool, including its new blue paint peeling off, on vandalism.
According to the New York Times, citing the documents, Atlantic Industrial Coatings found problems in the design and execution of the renovation.
Workers did not spray enough primer in some areas, the contractor said in the cited documents, and layers of the liner included incompatible chemicals. The bottom layer blistered and loosened as the chemical on top reached a hotter temperature than the one underneath could withstand, the New York Times said.
The documents include the contractor's reports to the government and daily progress updates from the National Park Service over the past two months, the New York Times said.
#sept
Trump has repeatedly blamed problems with the newly renovated pool, including its new blue paint peeling off, on vandalism.
According to the New York Times, citing the documents, Atlantic Industrial Coatings found problems in the design and execution of the renovation.
Workers did not spray enough primer in some areas, the contractor said in the cited documents, and layers of the liner included incompatible chemicals. The bottom layer blistered and loosened as the chemical on top reached a hotter temperature than the one underneath could withstand, the New York Times said.
The documents include the contractor's reports to the government and daily progress updates from the National Park Service over the past two months, the New York Times said.
#sept
1 day ago
LONDON, Sept 10 (Reuters) - The first visitors to the British Museum's blockbuster Bayeux Tapestry exhibition spoke of their excitement at seeing with their own eyes the 1,000-year-old embroidery many remember from school lessons.
The sell-out display, which opened to the public on Thursday, has sparked a Bayeux craze across Britain, with newspapers producing special guides, online discussions about securing tickets, and the pub opposite the museum temporarily changing its name to "The Beer Tapestry".
The masterpiece will be shown at the museum in central London for the next 10 months, having left France for the first time since the 11th century. It depicts the Norman invasion of England in 1066, the most famous date in the nation's history.
"It's just magical, isn't it?" said Pauline Gairey, 53, a finance professional who had travelled from Wales, and recalled studying the tapestry at school.
'THE COLOUR IS STILL SO VIVID'
#bayeux #reuters #british
The sell-out display, which opened to the public on Thursday, has sparked a Bayeux craze across Britain, with newspapers producing special guides, online discussions about securing tickets, and the pub opposite the museum temporarily changing its name to "The Beer Tapestry".
The masterpiece will be shown at the museum in central London for the next 10 months, having left France for the first time since the 11th century. It depicts the Norman invasion of England in 1066, the most famous date in the nation's history.
"It's just magical, isn't it?" said Pauline Gairey, 53, a finance professional who had travelled from Wales, and recalled studying the tapestry at school.
'THE COLOUR IS STILL SO VIVID'
#bayeux #reuters #british
2 days ago
Even without the help of their left-handed ace starting pitcher Garrett Crochet, the Boston Red Sox have held their own. They are currently 80-67, third place in the American League East and comfortably in the second Wild Card spot.
It has been well documented at this point that the team struggled out of the gate. Before their late June series at Fenway Park versus the New York Yankees, they were 32-46 and had the worst record in the American League.
All of the damage since has been done without Crochet. He pitched last on April 25 at the Baltimore Orioles, before being put on the injured list with left shoulder inflammation and a lat strain.
MORE: Red Sox swap spots for Sonny Gray, Ranger Suarez ahead of Royals weekend series
Mar 26, 2026; Cincinnati, Ohio, USA; Boston Red Sox starting pitcher Garrett Crochet (35) pitches against the Cincinnati Reds in the third inning at Great American Ball Park. Mandatory Credit: Katie Stratman-Imagn Images Credit: IMAGN IMAGES via Reuters Connect (Reuters)
#crochet #american #cincinnati #credit
It has been well documented at this point that the team struggled out of the gate. Before their late June series at Fenway Park versus the New York Yankees, they were 32-46 and had the worst record in the American League.
All of the damage since has been done without Crochet. He pitched last on April 25 at the Baltimore Orioles, before being put on the injured list with left shoulder inflammation and a lat strain.
MORE: Red Sox swap spots for Sonny Gray, Ranger Suarez ahead of Royals weekend series
Mar 26, 2026; Cincinnati, Ohio, USA; Boston Red Sox starting pitcher Garrett Crochet (35) pitches against the Cincinnati Reds in the third inning at Great American Ball Park. Mandatory Credit: Katie Stratman-Imagn Images Credit: IMAGN IMAGES via Reuters Connect (Reuters)
#crochet #american #cincinnati #credit
2 days ago
By Oliver Hirt and Marleen Kaesebier
ZURICH, Sept 10 (Reuters) - A major shareholder in Novartis has called for a shake-up of the Swiss drugmaker's board to improve corporate governance after its shares suffered a record fall this week following back-to-back trial setbacks.
David Samra, managing director at top 20 investor Artisan Partners and founding partner of International Value Group, said the board needed to strengthen its oversight of acquisitions, calling for action from board chairman Giovanni Caforio.
"I think he needs to make changes at the board level. One of them should be on improving the team that's doing these deals because clearly they have been uninspiring at best," Samra told Reuters in an interview.
"I think that the board needs to improve their oversight of acquisitions... they need to bring in better talent on the board to do that and have an acquisition committee."
#improve
ZURICH, Sept 10 (Reuters) - A major shareholder in Novartis has called for a shake-up of the Swiss drugmaker's board to improve corporate governance after its shares suffered a record fall this week following back-to-back trial setbacks.
David Samra, managing director at top 20 investor Artisan Partners and founding partner of International Value Group, said the board needed to strengthen its oversight of acquisitions, calling for action from board chairman Giovanni Caforio.
"I think he needs to make changes at the board level. One of them should be on improving the team that's doing these deals because clearly they have been uninspiring at best," Samra told Reuters in an interview.
"I think that the board needs to improve their oversight of acquisitions... they need to bring in better talent on the board to do that and have an acquisition committee."
#improve
2 days ago
By Mike Dolan
Sept 10 (Reuters) - Energy and bond markets are on edge once again after U.S. President Donald Trump said the Iran war would not end until after November's midterm elections. That came amid the most intense attacks on Gulf shipping in the conflict so far.
Meanwhile, markets await a likely European Central Bank interest rate rise and the first of the week's U.S. inflation updates on Thursday, as Treasury Secretary Scott Bessent's bond buyback salvo appeared to flop after details of the operation disappointed.
Crude oil closed at its highest level since late May above $100 per barrel on Wednesday, and 10-year Treasury yields hit their highest in three years, fast homing in on the 5% milestone.
That came after a wave of ***** -for-tat attacks on oil tankers in the Gulf, the biggest since the Iran war started six months ago. Meantime, a planned $6 billion buyback of longer-dated bonds on Thursday disappointed some investors who had wanted more.
#thursday #attacks #buyback
Sept 10 (Reuters) - Energy and bond markets are on edge once again after U.S. President Donald Trump said the Iran war would not end until after November's midterm elections. That came amid the most intense attacks on Gulf shipping in the conflict so far.
Meanwhile, markets await a likely European Central Bank interest rate rise and the first of the week's U.S. inflation updates on Thursday, as Treasury Secretary Scott Bessent's bond buyback salvo appeared to flop after details of the operation disappointed.
Crude oil closed at its highest level since late May above $100 per barrel on Wednesday, and 10-year Treasury yields hit their highest in three years, fast homing in on the 5% milestone.
That came after a wave of ***** -for-tat attacks on oil tankers in the Gulf, the biggest since the Iran war started six months ago. Meantime, a planned $6 billion buyback of longer-dated bonds on Thursday disappointed some investors who had wanted more.
#thursday #attacks #buyback
2 days ago
By Nupur Anand and Jonathan Stempel
NEW YORK, Sept 10 (Reuters) - As U.S. President Donald Trump pressures institutions he views as adversaries, JPMorgan Chase and Capital One are fighting back. It is a strategy that legal experts and industry sources say may carry fewer risks than giving in.
Trump and his businesses are suing the banks, alleging they closed his accounts in 2021 for political reasons. They deny the claims. Capital One told a federal court in July that it closed Trump's accounts following an internal anti-money-laundering review, sparking renewed scrutiny including from a senior Democratic senator who last week pressed the bank for more details.
Capital One has not accused Trump or his businesses of money-laundering. Spokespeople for both banks declined to comment. The Trump Organization last week called the anti-money-laundering review a pretext to conceal a politically motivated decision.
While several legal experts said the banks have strong defenses, fighting Trump poses risks for the banks by potentially deepening animus with the president and airing confidential internal deliberations in public.
#money #laundering #president #risks
NEW YORK, Sept 10 (Reuters) - As U.S. President Donald Trump pressures institutions he views as adversaries, JPMorgan Chase and Capital One are fighting back. It is a strategy that legal experts and industry sources say may carry fewer risks than giving in.
Trump and his businesses are suing the banks, alleging they closed his accounts in 2021 for political reasons. They deny the claims. Capital One told a federal court in July that it closed Trump's accounts following an internal anti-money-laundering review, sparking renewed scrutiny including from a senior Democratic senator who last week pressed the bank for more details.
Capital One has not accused Trump or his businesses of money-laundering. Spokespeople for both banks declined to comment. The Trump Organization last week called the anti-money-laundering review a pretext to conceal a politically motivated decision.
While several legal experts said the banks have strong defenses, fighting Trump poses risks for the banks by potentially deepening animus with the president and airing confidential internal deliberations in public.
#money #laundering #president #risks
2 days ago
By Sai Ishwarbharath B and Abhirami G
BENGALURU, Sept 10 (Reuters) - Wipro's AI initiatives have increased productivity equivalent to the output of 20,000 employees, who have since been redeployed within the Indian IT firm, its chief technology officer said.
The comments come as India's $315 billion software services industry grapples with adoption of AI, which is reshaping hiring, software development and contracts.
Wipro, with about 243,000 employees in June, is shifting to a "human-AI operating model," with more than 100,000 employees receiving advanced AI-related training and certifications, Sandhya Arun said in an interview.
"It could be the same engineer managing a bunch of agents, deployed on other projects or being trained for some other role. It doesn't necessarily mean person-to-person replacement by an agent."
#employees #ishwarbharath
BENGALURU, Sept 10 (Reuters) - Wipro's AI initiatives have increased productivity equivalent to the output of 20,000 employees, who have since been redeployed within the Indian IT firm, its chief technology officer said.
The comments come as India's $315 billion software services industry grapples with adoption of AI, which is reshaping hiring, software development and contracts.
Wipro, with about 243,000 employees in June, is shifting to a "human-AI operating model," with more than 100,000 employees receiving advanced AI-related training and certifications, Sandhya Arun said in an interview.
"It could be the same engineer managing a bunch of agents, deployed on other projects or being trained for some other role. It doesn't necessarily mean person-to-person replacement by an agent."
#employees #ishwarbharath
2 days ago
Investment in what most call clean technologies dropped by 17% over the first half of the year, as China switched from subsidies to a market-based approach to those industries, a report from Rhodium Group has revealed.
Investments in things such as wind and solar power rose in other parts of the world, but China's decline more than offset that growth because of China's position as the top investor in clean tech, far ahead of everyone else.
"Geographically, the decline was driven by China, the world's largest cleantech investor, where a shift to market-based pricing put pressure on new renewable power investments," said the author of the report, Hannah Pitt, as quoted by Reuters.
"China's transition toward market-based pricing for new renewable generation in 2025 drove a rush of installations ahead of the deadline, followed by an uneven pullback. Beijing also phased out consumer EV purchase-tax exemptions starting January 2026," the report pointed out.
These decisions led to a sharp slump in alternative energy and electric transport investment of 49% for China, translating into $133 billion. This trend also slashed China's share of clean tech investment from 52% at the end of 2025 to 39% by June this year.
#Investments
Investments in things such as wind and solar power rose in other parts of the world, but China's decline more than offset that growth because of China's position as the top investor in clean tech, far ahead of everyone else.
"Geographically, the decline was driven by China, the world's largest cleantech investor, where a shift to market-based pricing put pressure on new renewable power investments," said the author of the report, Hannah Pitt, as quoted by Reuters.
"China's transition toward market-based pricing for new renewable generation in 2025 drove a rush of installations ahead of the deadline, followed by an uneven pullback. Beijing also phased out consumer EV purchase-tax exemptions starting January 2026," the report pointed out.
These decisions led to a sharp slump in alternative energy and electric transport investment of 49% for China, translating into $133 billion. This trend also slashed China's share of clean tech investment from 52% at the end of 2025 to 39% by June this year.
#Investments
2 days ago
By Aditya Kalra
NEW DELHI, Sept 9 (Reuters) - India's Serious Fraud Office has recommended Xiaomi be investigated for alleged irregularities in its business model and compliance with foreign investment law, potentially intensifying scrutiny of the smartphone maker, a government document shows.
China's Xiaomi was once India's top-selling smartphone brand but has seen its market share dwindle amid intense competition from Apple and Samsung. It is also battling several tax demands and royalty payment disputes.
The recommendation from India's Serious Fraud Investigation Office (SFIO) said the investigation should examine movement of funds and whether Xiaomi sought mandatory investment approvals as required after India tightened scrutiny of Chinese investments following deadly border clashes between the two nations in 2020.
A person familiar with the matter said the government is examining the memorandum, which was drafted in May and reviewed by Reuters.
#serious #fraud #investigation #investment
NEW DELHI, Sept 9 (Reuters) - India's Serious Fraud Office has recommended Xiaomi be investigated for alleged irregularities in its business model and compliance with foreign investment law, potentially intensifying scrutiny of the smartphone maker, a government document shows.
China's Xiaomi was once India's top-selling smartphone brand but has seen its market share dwindle amid intense competition from Apple and Samsung. It is also battling several tax demands and royalty payment disputes.
The recommendation from India's Serious Fraud Investigation Office (SFIO) said the investigation should examine movement of funds and whether Xiaomi sought mandatory investment approvals as required after India tightened scrutiny of Chinese investments following deadly border clashes between the two nations in 2020.
A person familiar with the matter said the government is examining the memorandum, which was drafted in May and reviewed by Reuters.
#serious #fraud #investigation #investment
2 days ago
The U.S. dollar remains flat amid higher treasury yields driven by soaring energy costs. With Brent crude topping $100, worries of inflation across the globe are coming back, with the U.S. 10-year yield climbing to a 2023 high. That said, the dollar has remained unchanged, demonstrating lack of interest from investors to add long positions before the release of the upcoming US inflation data and next week's FOMC meeting.
The U.S. data on tap to influence markets is the Producer Price Index (PPI) today and Consumer Price Index (CPI) on Friday. The market currently puts odds at around 60% that the Fed may hike at its next meeting on Wednesday, following strong labor market data and increased energy shock. The energy crisis may also bring inflation concerns to investors, while the data may be weaker and may even lead market ****** ysts to turn less hawkish.
The euro zone also remains front and center. The ECB is going to hike rates by 25 bps today and mail the deposit rate at 2.50%. The consensus in the market is that the ECB will not hike again this year. Euro zone inflation was at 3.3% in August, and pressure on energy prices is building, with Deutsche Bank calling for a December rate hike.
Sterling remains subdued. The Bank of England is more cautious than its peers. There is a high consensus in the market that the BoE will hold rates on September 17. 57 of the economists polled in the REUTERS survey expect the BoE to hold for the remainder of the year. Energy concerns are high, and wage and price inflation are still muted.
As indicated in the chart, tightening by the ECB contrasts with the Fed's data dependency and the BoE's wait-and-see approach.
#energy #inflation #hike #remains
The U.S. data on tap to influence markets is the Producer Price Index (PPI) today and Consumer Price Index (CPI) on Friday. The market currently puts odds at around 60% that the Fed may hike at its next meeting on Wednesday, following strong labor market data and increased energy shock. The energy crisis may also bring inflation concerns to investors, while the data may be weaker and may even lead market ****** ysts to turn less hawkish.
The euro zone also remains front and center. The ECB is going to hike rates by 25 bps today and mail the deposit rate at 2.50%. The consensus in the market is that the ECB will not hike again this year. Euro zone inflation was at 3.3% in August, and pressure on energy prices is building, with Deutsche Bank calling for a December rate hike.
Sterling remains subdued. The Bank of England is more cautious than its peers. There is a high consensus in the market that the BoE will hold rates on September 17. 57 of the economists polled in the REUTERS survey expect the BoE to hold for the remainder of the year. Energy concerns are high, and wage and price inflation are still muted.
As indicated in the chart, tightening by the ECB contrasts with the Fed's data dependency and the BoE's wait-and-see approach.
#energy #inflation #hike #remains
2 days ago
Brock Purdy continues to prove doubters by exceeding his career expectations. And following the San Francisco 49ers' 2026 opener against the Los Angeles Rams in Australia on Thursday, he obtained another record to his collection.
Despite a slow start, Purdy had a great performance leading the offense. He completed 25 out of 34 passes for 205 yards and three touchdowns and one interception.
Purdy completed the 50th game of his career, including his 46th start. His passing accuracy has been remarkable, getting 68.1% of his throws to fellow receivers. This paved the way for him to make NFL history, via Real App.
When healthy, Purdy shines as one of the best quarterbacks in the league. He was the final pick in the 2022 draft, adding more lore to his resume as a player that defied expectations and achieved remarkable success in the NFL.
Aug 20, 2026; Inglewood, California, USA; San Francisco 49ers quarterback Brock Purdy (13) throws the ball against the Los Angeles Chargers in the first half at SoFi Stadium. Mandatory Credit: Kirby Lee-Imagn Images Credit: IMAGN IMAGES via Reuters Connect (Reuters)
#francisco #reuters
Despite a slow start, Purdy had a great performance leading the offense. He completed 25 out of 34 passes for 205 yards and three touchdowns and one interception.
Purdy completed the 50th game of his career, including his 46th start. His passing accuracy has been remarkable, getting 68.1% of his throws to fellow receivers. This paved the way for him to make NFL history, via Real App.
When healthy, Purdy shines as one of the best quarterbacks in the league. He was the final pick in the 2022 draft, adding more lore to his resume as a player that defied expectations and achieved remarkable success in the NFL.
Aug 20, 2026; Inglewood, California, USA; San Francisco 49ers quarterback Brock Purdy (13) throws the ball against the Los Angeles Chargers in the first half at SoFi Stadium. Mandatory Credit: Kirby Lee-Imagn Images Credit: IMAGN IMAGES via Reuters Connect (Reuters)
#francisco #reuters
2 days ago
The 2024-25 Boston Celtics set the NBA single-season three-point record with 1,457 makes across 82 games. Three different Celtics players made at least 250 threes that season, something no team had ever seen before. The question heading into 2026-27 is whether the Hornets can break the NBA three-point record.
Analyst Tom Haberstroh specifically named Charlotte as a genuine contender. Looking at the roster, it is not hard to see why.
" I think this Charlotte Hornets team, even though they lost LaMelo Ball, who was at times the most high-volume scorer, shooter in the NBA from downtown, still, I think this team, dude, I think they have a chance to break the three-point record next year," Haberstroh said on The Kevin O'Connor Show. "You got Coby White, who's a 95, 96 percentile volume three-point shooter. Good three-point shooter off the dribble. Kon Knueppel, we already know; the fact that he led the league in threes as a rookie is insane. Brandon Miller, also a high-volume three-point shooter."
Charlotte Hornets guard Kon Knueppel (7) shoots the ball against the Boston Celtics in the second half at TD Garden. Photo Credit: David Butler II, Imagn Images via Reuters Connect
Look at what Charlotte is putting on the floor. Kon Knueppel made 273 threes in his rookie season — the most in NBA history by a first-year player. Grayson Allen is 40.3% from three in his career. Royce O'Neale shoots 38.9% from deep while White (36.9%) and Naz Reid (37.1%) connect at 36.9% and 37.1%, respectively.
#celtics #season #record #threes
Analyst Tom Haberstroh specifically named Charlotte as a genuine contender. Looking at the roster, it is not hard to see why.
" I think this Charlotte Hornets team, even though they lost LaMelo Ball, who was at times the most high-volume scorer, shooter in the NBA from downtown, still, I think this team, dude, I think they have a chance to break the three-point record next year," Haberstroh said on The Kevin O'Connor Show. "You got Coby White, who's a 95, 96 percentile volume three-point shooter. Good three-point shooter off the dribble. Kon Knueppel, we already know; the fact that he led the league in threes as a rookie is insane. Brandon Miller, also a high-volume three-point shooter."
Charlotte Hornets guard Kon Knueppel (7) shoots the ball against the Boston Celtics in the second half at TD Garden. Photo Credit: David Butler II, Imagn Images via Reuters Connect
Look at what Charlotte is putting on the floor. Kon Knueppel made 273 threes in his rookie season — the most in NBA history by a first-year player. Grayson Allen is 40.3% from three in his career. Royce O'Neale shoots 38.9% from deep while White (36.9%) and Naz Reid (37.1%) connect at 36.9% and 37.1%, respectively.
#celtics #season #record #threes
2 days ago
After five rounds of high-octane tennis, we have an all-American showdown in the semifinals, as the No. 1 American men's player Ben Shelton takes on a three-time US Open semifinalist in Frances Tiafoe.
The excitement for this match in New York is so high that, despite playing their quarterfinal matches a day earlier than the other half of the draw, the tournament has scheduled their match for the primetime night session slot, with a fully packed crowd expected for a match that, before even a ball is hit, has already secured an American player in the final this year.
And we here at LWOT will be bringing you an in-depth preview of what to expect in one of the biggest matches for American men's tennis this decade.
Despite making it this far in the tournament, it has been far from an easy road to the semifinals for both players. Frances Tiafoe has had to battle through two five-set matches, the second of which came in the quarterfinals against Alex Michelsen, in which Tiafoe had to come back from two sets to love. But in between all this, the American has played some inspired tennis again this tournament, the highlight of which was the efficient straight-sets win over the 2021 US Open champion Daniil Medvedev.
Tennis – U.S. Open – Flushing Meadows, New York, United States – September 6, 2026 Frances Tiafoe of the U.S. celebrates after winning his round of 16 match against Russia's Daniil Medvedev IMAGN IMAGES via Reuters/Jerry Lai
#matches #daniil
The excitement for this match in New York is so high that, despite playing their quarterfinal matches a day earlier than the other half of the draw, the tournament has scheduled their match for the primetime night session slot, with a fully packed crowd expected for a match that, before even a ball is hit, has already secured an American player in the final this year.
And we here at LWOT will be bringing you an in-depth preview of what to expect in one of the biggest matches for American men's tennis this decade.
Despite making it this far in the tournament, it has been far from an easy road to the semifinals for both players. Frances Tiafoe has had to battle through two five-set matches, the second of which came in the quarterfinals against Alex Michelsen, in which Tiafoe had to come back from two sets to love. But in between all this, the American has played some inspired tennis again this tournament, the highlight of which was the efficient straight-sets win over the 2021 US Open champion Daniil Medvedev.
Tennis – U.S. Open – Flushing Meadows, New York, United States – September 6, 2026 Frances Tiafoe of the U.S. celebrates after winning his round of 16 match against Russia's Daniil Medvedev IMAGN IMAGES via Reuters/Jerry Lai
#matches #daniil
2 days ago
San Antonio has already seen its young core make a deep playoff run, but the work behind that rise does not stop when the game ends. The Spurs have built a system in which young players can learn from coaches, veterans, and former stars who understand what it takes to win in San Antonio.
That connection matters even more for Stephon Castle, who went from a rookie trying to find his place to one of the team's main guards in just two seasons. Now, he is starting to see what the Spurs' history can mean for the group trying to build the next chapter.
Castle views playing for San Antonio as more than a chance to wear one of the league's most recognizable jerseys. The franchise has produced generations of stars, and many of those players still stay close to the organization and its current roster.
"It's a blessing to play for an organization like that," Castle said, describing what it means to play for the Spurs. He also pointed to the people who came before him and the way they continue to stay involved with the team.
San Antonio Spurs guard Stephon Castle (5) holds the ball as New York Knicks guard Josh Hart (3) defends during game one of the 2026 NBA Finals at Frost Bank Center. Mandatory Credit: Geoff Burke, Imagn Images via Reuters Connect
#SPURS #stephon #young #game
That connection matters even more for Stephon Castle, who went from a rookie trying to find his place to one of the team's main guards in just two seasons. Now, he is starting to see what the Spurs' history can mean for the group trying to build the next chapter.
Castle views playing for San Antonio as more than a chance to wear one of the league's most recognizable jerseys. The franchise has produced generations of stars, and many of those players still stay close to the organization and its current roster.
"It's a blessing to play for an organization like that," Castle said, describing what it means to play for the Spurs. He also pointed to the people who came before him and the way they continue to stay involved with the team.
San Antonio Spurs guard Stephon Castle (5) holds the ball as New York Knicks guard Josh Hart (3) defends during game one of the 2026 NBA Finals at Frost Bank Center. Mandatory Credit: Geoff Burke, Imagn Images via Reuters Connect
#SPURS #stephon #young #game
2 days ago
By Ella Cao and Naveen Thukral
BEIJING/SINGAPORE, Sept 10 (Reuters) - China bought 14 to 15 cargoes of U.S. soybeans this week, or around 1 million metric tons, four traders told Reuters, as the world's top oilseed buyer steps up purchases ahead of Chinese President Xi Jinping's visit to Washington later this month.
The purchases take China's total U.S. soybean buying to nearly half of the 25 million tons the White House said Beijing had committed to annually through 2028.
Chinese state stockpiler Sinograin booked the cargoes for shipment from U.S. Gulf terminals between December and February, traders said.
Sinograin did not immediately respond to Reuters' requests for comment.
#cargoes #tons #purchases #ella
BEIJING/SINGAPORE, Sept 10 (Reuters) - China bought 14 to 15 cargoes of U.S. soybeans this week, or around 1 million metric tons, four traders told Reuters, as the world's top oilseed buyer steps up purchases ahead of Chinese President Xi Jinping's visit to Washington later this month.
The purchases take China's total U.S. soybean buying to nearly half of the 25 million tons the White House said Beijing had committed to annually through 2028.
Chinese state stockpiler Sinograin booked the cargoes for shipment from U.S. Gulf terminals between December and February, traders said.
Sinograin did not immediately respond to Reuters' requests for comment.
#cargoes #tons #purchases #ella
2 days ago
BRATISLAVA, Sept 10 (Reuters) - Poland averted a threat to one of its border crossings with Ukraine overnight and expects its crossings will be targeted as Moscow strikes trade routes to try to weaken Kyiv economically, Prime Minister Donald Tusk said on Thursday.
He spoke after drones hit a border crossing between Ukraine and Moldova in the southern region of Odesa, killing two people on Wednesday.
"Last night, thanks to cooperation between our services and their Ukrainian counterparts, a direct threat to one of the border crossings was averted," Tusk told a press conference in the Slovak capital Bratislava.
"As you know, Russia has already resorted to provocative attacks on border crossings - for instance, in Moldova. We expect similar actions targeting border crossings with Ukraine in other countries, including Poland."
Russia did not immediately comment on Tusk's remarks.
#ukraine #bratislava #Russia
He spoke after drones hit a border crossing between Ukraine and Moldova in the southern region of Odesa, killing two people on Wednesday.
"Last night, thanks to cooperation between our services and their Ukrainian counterparts, a direct threat to one of the border crossings was averted," Tusk told a press conference in the Slovak capital Bratislava.
"As you know, Russia has already resorted to provocative attacks on border crossings - for instance, in Moldova. We expect similar actions targeting border crossings with Ukraine in other countries, including Poland."
Russia did not immediately comment on Tusk's remarks.
#ukraine #bratislava #Russia
2 days ago
BERLIN, Sept 11 (Reuters) - The likely leader of the eastern German state of Saxony-Anhalt, the far-right Alternative for Germany's Ulrich Siegmund, suggested a weapons producer could be allowed to operate in the state to provide resources for his party's planned deportation campaigns.
The AfD, which wants to restore ties with Russia and brands itself a "party of peace", opposes Germany's record defence spending under Chancellor Friedrich Merz and military support for Ukraine, raising questions about the future of a planned defence industry investment in the city of Sangerhausen.
Speaking at a press conference on Thursday, Siegmund indicated the AfD was not opposed to arms production for domestic purposes when asked about the site.
"We do not condemn the production of military equipment across the board, because we will naturally need the appropriate resources for future repatriation and deportation campaigns," he said.
"This is also in the interest of internal security, our own stability, and national defence," he added.
#campaigns #military
The AfD, which wants to restore ties with Russia and brands itself a "party of peace", opposes Germany's record defence spending under Chancellor Friedrich Merz and military support for Ukraine, raising questions about the future of a planned defence industry investment in the city of Sangerhausen.
Speaking at a press conference on Thursday, Siegmund indicated the AfD was not opposed to arms production for domestic purposes when asked about the site.
"We do not condemn the production of military equipment across the board, because we will naturally need the appropriate resources for future repatriation and deportation campaigns," he said.
"This is also in the interest of internal security, our own stability, and national defence," he added.
#campaigns #military
2 days ago
Sept 10 (Reuters) - The Israeli military destroyed Hezbollah underground infrastructure at the Ali al-Taher ridge in southern Lebanon, Prime Minister Benjamin Netanyahu and Defence Minister Israel Katz said on Thursday, adding that the operation completed the consolidation of a security zone in the area.
Israeli forces would remain in the area to prevent the Iran-aligned Hezbollah militant group from re-establishing its presence and rebuilding its capabilities, the two officials said in a joint statement.
The Ali al-Taher ridge, about 15 km (10 miles) from the Israeli border, has become one of the most contested areas of the war between Israel and Hezbollah. Hezbollah is believed to have built an underground command centre and weapons stores there, according to Lebanese security sources who spoke to Reuters in July.
Lebanon's state news agency NNA said the Israeli military carried out a powerful blast at the ridge, with tremors and the sound of the explosion felt across Nabatieh and surrounding areas.
The Israeli military said its forces had established "operational control" over the ridge, both above and below ground, before dismantling the infrastructure. The network extended for more than 2 km (1.24 miles) and contained dozens of rockets, missiles and drones, as well as anti-tank missiles, mines and explosive devices, it said.
#israeli #hezbollah #minister #infrastructure
Israeli forces would remain in the area to prevent the Iran-aligned Hezbollah militant group from re-establishing its presence and rebuilding its capabilities, the two officials said in a joint statement.
The Ali al-Taher ridge, about 15 km (10 miles) from the Israeli border, has become one of the most contested areas of the war between Israel and Hezbollah. Hezbollah is believed to have built an underground command centre and weapons stores there, according to Lebanese security sources who spoke to Reuters in July.
Lebanon's state news agency NNA said the Israeli military carried out a powerful blast at the ridge, with tremors and the sound of the explosion felt across Nabatieh and surrounding areas.
The Israeli military said its forces had established "operational control" over the ridge, both above and below ground, before dismantling the infrastructure. The network extended for more than 2 km (1.24 miles) and contained dozens of rockets, missiles and drones, as well as anti-tank missiles, mines and explosive devices, it said.
#israeli #hezbollah #minister #infrastructure
